GENERAL INFORMATION Location: Rd Closest Intersection: Alexis & Yermo City, State: Toledo, Ohio County: Lucas Zip: 43613 Parcel No: 2359681 REDUCED! Sale Price: $395,000 Leasing Prices: Suite B (1702 SF): $1,195.00/Mo Gross PROPERTY INFORMATION Building SF: Building Dimensions: Available Area: Land Size: Land Dimensions: Parking: Zoning: Current Use: Traffic Counts: 9,792 48 x 204 1,702 SF.9590 Acre 69 Alexis Rd x 330 Depth 66 spaces CR - Regional Commercial Shopping Center 24,820 VPD COMMENTS/FEATURES SITE Newly remodeled 1,702 SF suite All utilities included in rent! Perfect for office or retail uses such as insurance, income tax, realty, legal, medical billing or homecare BUILDING DETAILS Year Built: Type Construction: Heat Fuel/Type: Ceiling Height: Air Conditioning: Roof: Floor: 1972 Brick Gas forced air 8 Central Mansard (flat) Rubber Carpet & tile over concrete Lighting: Restrooms: Delivery Doors: No. of Floors: Sprinklers: Security System: Fluorescent 1 per unit Front door only One No No
LEASE SPECIFICATIONS REAL ESTATE TAX INFORMATION Utilities/Heat*: Electricity*: Water*: Real Estate Taxes*: Insurance (Fire & Hazard)*: Content, Liability Insurance: Janitorial: Roof: Structure: CAM*: Improvements: Lease Term: Tenant Tenant Negotiable 3-5 Years Real Estate Tax Year: General Taxes: Special Taxes: Total Annual Taxes: UTILITIES Gas: Water: Sanitary Sewer: Electric: Storm Sewer: 2017 $12,596.96 $ 1,016.87 $13,613.83 Columbia Gas City of Toledo City of Toledo Toledo Edison City of Toledo *Lease subject to reasonable pass-throughs of increased operating expenses from one year to the next Hair Therapy Beauty Salon
EXHIBIT A 2200 W. ALEXIS RD SUITES AVAILABLE MAY 21, 2018 Suite Tenant Size (SF) Dimensions Includes Rental Rate $ A Hair Therapy Beauty Salon 1,217 SF 26 wide x 45.5 deep LEASED B Vacant 1,702 SF 36 wide x 45.5 deep 1 Restroom $1,195/Mo Gross* C BobeeHaze Nail Lounge 955 SF 21 wide x 45.5 deep LEASED D Missi s Sports Bar & Lounge 3,805 80 wide x 45.5 deep LEASED E Abet Computers 1,150 48 wide x 24 deep LEASED 8,829 (7,127) 1,702 Total SF Leased 81% Available 19% 100% *Lease subject to reasonable pass-throughs of increased operating expenses from one year to the next
15 4 11 10 10 3 INSIDE WINDOW 45 6 OPEN ARCH 11 3 24 10 2 8 10 4 11 BACK OF BUILDING 4 11 13 7 RESTROOM KITCHEN 12 2 4 11 8 1 SUITE B 1,702 SF 12 2 24 10 4 13 3 36 6 FRONT
AVAILABLE SPACE FACING YERMO FRONT OF BUILDING ON ALEXIS RD & SIGN SUITE B LOBBY SUITE B SUITE B BULLPEN SUITE B OFFICE SPACE
2200 W. ALEXIS RD CURRENT RENT ROLL MAY 21, 2018 Suite Tenant Sq. Ft. Monthly Rent Expiration Comments A Hair Therapy 1,217 SF $695.00 6/30/20 Rent includes CAM Tenant pays utilities B Vacant 1,702 SF $1,195.00 - Gross rent including CAM and utilities C BobeeHaze Nail Lounge 955 SF $695.00 5/31/21 Gross rent including CAM and utilities D Missi s Sports Bar 3,805 SF $2,100.00 Mo/Mo* Rent includes CAM Tenant pays utilities E Abet Computers 1,165 SF $1,165.00 10/31/18 Rent includes CAM Tenant pays utilities Total Monthly $ 5,850.00 (Includes vacant suite) Total Annual $70,200.00 *Tenant has been there since March 1, 1997
2200 W. ALEXIS ROAD PRO-FORMA INCOME/EXPENSE STATEMENT MAY 21, 2018 Gross Scheduled Rent (GSR) ($5,850/Mo x 12) Less: Vacancy (5%) $ 70,200.00 $ <3,510.00> Gross Rental Income (GRI) Plus: Reimbursed Operating Expenses Plus: Other Income TOTAL INCOME $ 66,690.00 $ -0- $ -0- $66,690.00 Less Operating Expenses Real Estate Taxes Building Insurance Building Maintenance Landscaping, Lawn Care Snow Removal Waste Disposal/Sanitation Water/Sewer Gas/Electric (House Account Plus Suites B & C) $13,500.00 $ 2,000.00 $ 800.00 $ 400.00 $ 500.00 $ 1,400.00 $ 3,200.00 $ 2,000.00 TOTAL OPERATING EXPENSES OPERATING INCOME Less: Management Fee ($100/Mo.) Roof/Structure Reserve (2% of GRI) NET OPERATING INCOME (NOI) $ 23,800.00 $ 42,890.00 $<1,200.00> $<1,400.00> $ 40,290.00
DEMOGRAPHICS Population 1.0 Miles: 3.0 Miles: 5.0 Miles: 2010 Total Population 11,310 94,147 183,893 2017 Total Population 11,355 92,937 180,748 2022 Total Population 11,309 92,123 179,032 2017-2022 Annual Rate -0.08% -0.18% -0.19% Households Income- 2017 2010 4,643 39,221 74,800 2017 4,685 38,943 74,219 2022 4,675 38,712 73,766 2017-2022 Annual Rate -0.04% -0.12% -0.12% Median Household Income $43,888 $48,263 $44,238 Average Household Income $55,925 $59,273 $60,540 Per Capita Income $23,193 $24,937 $25,195 2017 Median HH Income $43,888 $48,263 $44,238 2022 Median HH Income $51,045 $53,437 $50,185 2017-2022 Annual Rate 3.07% 2.06% 2.55% Households by Income - 2017 Number Percent Number Percent Number Percent < $15,000 676 14.4% 4,813 12.4% 11,820 15.9% $15,000 - $24,999 659 14.1% 4,714 12.1% 9,882 13.3% $25,000 - $34,999 569 12.1% 4,429 11.4% 8,111 10.9% $35,000 - $49,999 659 14.1% 6,043 15.5% 10,621 14.3% $50,000 - $74,999 898 19.2% 8,062 20.7% 13,359 18.0% $75,000 - $99,999 555 11.8% 5,201 13.4% 8,795 11.9% $100,000 - $149,999 509 10.9% 4,126 10.6% 7,606 10.2% $150,000 - $199,999 102 2.2% 961 2.5% 2,138 2.9% $200,000+ 58 1.2% 595 1.5% 1,888 2.5% Race and Ethnicity - 2017 Number Percent Number Percent Number Percent White Alone 10,065 88.6% 78,823 84.8% 128,398 71.0% Black Alone 684 6.0% 7,854 8.5% 39,438 21.8% American Indian Alone 16 0.1% 265 0.3% 532 0.3% Asian Alone 55 0.5% 777 0.8% 2,896 1.6% Pacific Islander Alone 0 0.0% 23 0.0% 57 0.0% Some Other Race Alone 166 1.5% 1,757 1.9% 3,193 1.8% Two or More Races 370 3.3% 3,437 3.7% 6,234 3.4% Hispanic Origin (Any Race) 606 5.3% 5,773 6.2% 10,005 5.5%