7200 FRANCE AVENUE FOR SALE OFFICE France Ave S Edina, MN FRANK JERMUSEK, JD CAMERON PETERSON JP MALONEY

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1 FOR SALE OFFICE 7200 FRANCE AVENUE 7200 France Ave S Edina, MN PRESENTED B BY Y: FRANK JERMUSEK, JD CAMERON PETERSON JP MALONEY President / Managing Director frank.jermusek@svn.com Senior Advisor cameron.peterson@svn.com Advisor jp.maloney@svn.com

2 FOR SALE OFFICE 7200 FRANCE AVENUE 7200 France Ave S, Edina, MN SALE O OVER VERVIEW VIEW PROPER PROPERT TY DESCRIPTION SALE PRICE: Negotiable LOT SIZE: 3.51 Acres BUILDING SIZE: 33,290 SF YEAR BUILT: 1966 SVN Northco is pleased to announce the sale of the 7200 France office building in Edina, Minnesota. The site is in a prime "A" location in an area that sees high activity in office, retail and multi-family. The class B/C office building is currently 42% occupied creating a significant value add opportunity. Average existing rents in the building are well below market rents. The property is located on France Avenue, a main corridor through Edina with Interstate 494 to the South and Highway 62 to the North. Across the street from the subject site is a Lunds & Byerlys grocery store (up-scale grocery in the Minneapolis / St. Paul market). Along with the grocer is an established retail development containing Pinstripes, Five Guys, Leeann Chin, Potbelly's, Container Store & others. ZONING: Commercial TRAFFIC COUNT: 28,500 VPD The property is nestled right in the heart of Edina's affluent community and has the flexibility for many uses. Several different viable options will and can be considered by the city of Edina. * Please reach out to SVN Northco for a full offering package * FRANK JERMUSEK, JD President Managing Director frank.jermusek@svn.com CAMERON PETERSON JP MAL MALONEY ONEY Senior Advisor cameron.peterson@svn.com Advisor jp.maloney@svn.com All Sperry Van Ness Offices Independently Owned & Operated. nor northc thco. o.c com

3 8.8 Miles To Airport Centennial Lakes Park France Ave 30,000 VPD Edina Water Park

4 SECTION 2 AREA INFORMATION 7200 FRANCE AVENUE 33,290 SF EDINA, MN Recent Development On France PROMENADE ON FRANCE $100 million redevelopment of the Southdale Office Centre on France Avenue Includes demolishing two small office building and adding one or two new ones. Also planned are two new retail buildings, an eight-story condominium tower, about 1,050 underground parking spaces and possibly a hotel Bank of America's site is now under construction and the remainder of the project is in the entitlement phase. Retail construction is planned to begin in early FRANCE APARMENTSARMENTS Rents around $1,200 per unit per month 246 total units [ 1-3 bedrooms ] One of three major apartment complexes planned near Southdale Shopping Center Upscale apartments set in the heart of Edina Amenities include: Two fitness centers & yoga studio Outdoor pool with sundeck ONE SOUTHDALE APARTMENTS 232-unit apartment on the southeast corner of Southdale Center's property in Edina The building has a mixture of heights ranging from 3 to 10 stories. It will have open floorplans, large windows, ninefoot ceilings, and luxury finishes. Steps from notable shopping, dining, and recreation in the Twin Cities. 9

5 SECTION 2 AREA INFORMATION 7200 FRANCE AVENUE 33,290 SF EDINA, MN Location Maps 10

6 -=SECTION 2 AREA INFORMATION 7200 FRANCE AVENUE 33,290 SF EDINA, MN Area Mall Highlights EDINA SHOPPING HIGHLIGHTS The Galleria, one of Minnesota's finer boutique shopping malls is located just two blocks from the subject property. The property also includes a Westin hotel on-site. Retailers in the Galleria include: - Louis Vuitton - Lulu Lemon - Tumi - Tory Burch Southdale, Minnesota's second largest regional mall (Mall of America is the largest) is located directly across the street from the subject property. A complete renovation of corridors and restaurant space was completed in early Retailers / Restaurants include: - Apple - Banana Republic - J. Crew - Michael Kors - Teavana - Cheesecake Factory - Eddie Bauer 11

7 SECTION 2 AREA INFORMATION 7200 FRANCE AVENUE 33,290 SF EDINA, MN City Of Edina Information Edina, MN Many major highways run through or are close to Edina, making it readily accessible to all within the metropolitan area. Minnesota State Highways 62 and 100 divide the City into four sections. Minnesota Highway 169 and Minnesota Highway 100 extend north and south. Interstate Highway 494 and Minnesota Highway 62 extend east and west. Minnesota Highway 7 is within three miles of the City. Interstate Highway 394 is within five miles. Major employers in the City include Fairview Southdale Hospital, Edina Public Schools, City of Edina, BI Worldwide, Regis Corporation, Barr Engineering, Lund Food Holdings, International Dairy Queen, Edina Realty and FilmTec Corporation, among others. City Highlights Population: 47,941 Edina High School has a 98% graduation rate, and 85% of the students go on to finish college within 5 years Edina has numerous retail shopping centers, including Southdale Center, the first climate-controlled, fully enclosed mall in the United States. Other shopping centers include Galleria, Yorktown and Centennial Lakes Plaza. The City also boasts a thriving downtown area at 50th Street and France Avenue, known simply as "50th & France." Home to the wealthiest zip code in the state of MN The shopping attracts people from all over the metro Tons of new development, including four new multi-family projects and several new retail outlets Home to Southdale Medical, Twin Cities Orthopedics and several other top-of-the-line healthcare groups There are two hotels in Edina: Westin Galleria Edina and Marriott Residence Inn, adjacent to Edinborough Park. One of Edina s crown jewels, Edinborough is a multi-use development that also includes an indoor park. Edina values its history. The Baird and Grimes homes and Country Club District are listed on the National Register of Historic Places. The Grange Hall and Cahill School, owned by the City and located across from City Hall in Tupa Park, are also on the Register. 12

8 FOR SALE OFFICE 7200 FRANCE AVENUE 7200 France Ave S, Edina, MN POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 13,405 98, ,375 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 7,605 44, ,352 # OF PERSONS PER HH AVERAGE HH INCOME $72,732 $94,145 $94,570 AVERAGE HOUSE VALUE $312,088 $365,842 $384,375 FRANK JERMUSEK, JD President Managing Director frank.jermusek@svn.com CAMERON PETERSON Senior Advisor cameron.peterson@svn.com All Sperry Van Ness Offices Independently Owned & Operated. JP MALONEY Advisor jp.maloney@svn.com northco. o.comom