7142 NIGHTINGALE DRIVE HOLLAND, OH 43528

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1 7142 NIGHTINGALE DRIVE HOLLAND, OH OFFICE CONDOS FOR SALE/LEASE Condo Unit 1 Suite 1 7,231 sf Suite 2 2,454 sf Leased For Lease (finished) FULL-SERVICE COMMERCIAL REAL ESTATE CONDO UNIT 1 GENERAL INFORMATION Sale Price: Condo Unit 1 Suite 1 (7,231 sf) $695,000 Suite 2 (2,454 sf) $245,000 Lease Rate: Condo Unit 1, Suite 2 (2,454 sf finished) Building Size: $15.50 psf gross 12,250 square feet Number of Stories: 1 Year Constructed: 2005 Acreage: Approximately 1.5 Lot Dimensions: ' x 347' (Irregular) Condition: Excellent Closest Cross Street: Holloway Road County: Lucas Zoning: Commercial Parking: 52 spaces in common Curb Cuts: 1 Street: 2 lane, 2 way

2 BUILDING SPECIFICATIONS Exterior Walls: Structural System: Roof: Brick Wood frame Pitched, asphalt shingle BUILDING INFORMATION Current Tenant: Occupancy Date: Northwestern Ohio Administrators occupies Suite 1 in Condo 1 Closing or lease execution Floors: Concrete Sign on Property: Yes Floor Coverings: Carpet in finished unit Key Available: For unoccupied suite Ceiling Height: 9' Basement: No Heating: Gas forced air Air Conditioning: Central Power: 200 amp LEASE DETAILS Term: Security Deposit: Options: Improvement Allowance: Tenant Responsible For: 5 years 1 month's rent Negotiable Negotiable Suite janitorial Security System: Restrooms: Sprinklers: Signage: Lockinetics magnetic door system 4 in finished unit No Brick/stone monument 2016 REAL ESTATE TAXES Condo 1 Condo 2 Parcels: Total Annual Taxes: $11, $2, Comments: Condo Unit 1 - Finished office unit is 2,454 square feet and available for lease. Includes large office, open work area, 2 in-suite restrooms with showers and a workout room. Office furniture is available. Improved lot (1.326 acres) with 57 space parking lot and building foundations is available for sale for $140,000.

3 Condo Unit 1, Suite 1 Lease Information: Northwestern Ohio Administrators, Inc. leases 7,231 square feet within Condo Unit 1 in the 12,250 square foot condominium building. The current 10 year lease term commenced on April 1, Annual rent during the first five years of the initial term is $15.50 per square foot ($9, per month) or $112, per year. Commencing on the first day of the 6th year and continuing for the remainder of the 10 year term, the rental rate increases to $16.00 per square foot ($9, per month) or $115, per year. Tenant has three 3-year options to renew. Rental rates increase to $17.50 per square foot for the first renewal; $18.25 per square foot for the second renewal and $19.00 per square foot for the third renewal. Utilities, which are included in the rent, are paid by the Landlord. Taxes, which are included in the rent, are paid by the Landlord with increases passed thru to the Tenant on a prorata share basis. The base year (2014) taxes are $1.16 per square foot. Landlord pays condo fees which are included in the rent. Tenant has a one time right to terminate the lease effective at the end of the fifth year upon payment of a termination fee. During the first five years of the lease, Tenant has the Right of First Refusal to lease the finished 2,454 square foot finished space in Suite 2.

4 Suite 1 7,231 sf leased to Northwestern Ohio Administrators, Inc.

5 Suite 2 2,454 sf Available (Finished) (Office Furniture is available)

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7 Proforma Condo Units 1 9,685 sf INCOME (Gross Lease) Suite 1 Total NW Ohio Administrators, Inc. 7,231 $15.50 psf $112,081 Vacant 2,454 $16.00 psf Total Income $151,345 Less Vacancy (5%) $5, ,567 EFFECTIVE GROSS INCOME $106, $143,777 OPERATING INCOME Maintenance 810 1,110 Utilities 11,137 14,204 Insurance Expense General Expense Professional Fees ($6,576 in 2015 due to sale) 1,633 2,000 CAM Expense Orchard Condo Owners Association 31,248 39,996 + Deficit Orchard Commons Condo 1,632 2,000 Total Operating Expenses $47,484 $60,434 STABILIZED NOI $58,993 $83,343 Sale price for Condo Unit 1 (7,231 sf + 2,454 sf = 9,685 sf) $1,000,000. Condo Unit 1 Suite 1 7,231 sf $695,000 Suite 2 2,454 sf $245,000

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