Corporate One West 1195 Washington Pike Bridgeville, PA

Corporate One West 1195 Washington Pike Bridgeville, PA Corporate One West: 1195 Washington Pike, Bridgeville, PA This 3-story, 44,886 sf building is is situated on 3.59 acres of land and is is located in Bridgeville, PA. It It is is a high quality, multi-tenant office building adjacent to a new L.A. Fitness (currently in development) at the The Great Southern Shopping Center, anchored by TJ Maxx, Office Max, Big Lots Dollar Tree and JoAnn Fabrics. Nearby retailers include Home Depot, Sears, Giant Eagle and Big Kmart. This Class B office building was constructed in 1989. Major tenants include ALL-PAK (26,396 sf) and State Farm Insurance (2,978 sf) as well as several professional office tenants. The property is is currently 84% occupied giving upside by leasing up the existing vacancy. Bridgeville Borough is is nestled between bridges to the north and south and surrounded by Chartiers Creek. The community is is an easy drive to downtown Pittsburgh and Pittsburgh International Airport. It s population is is made up of growing families and empty nesters, as well as young professionals. Bridgeville has affordable housing, first-class schools, a strong sense of community, excellent athletic and recreational opportunities and offers many senior services. Nearby attractions include the Buhl Planetarium. Major employers in Bridgeville include General Electric, Universal Stainless and Alloy Products, Inc., Cintas, Development Dimensions International, Sears, Giant Eagle, Wal Mart, K-Mart, 84 Lumber, Shop 'n 'n Save, T. J. J. Maxx, Lowe's.. Price and Cap: We offer this property at $3,900,000 which is is a 7.22% cap rate on NOI of $281,701. Subject Property

1195 Washington Pike Bridgeville, PA (Corporate One West) A new L.A. Fitness is being developed adjacent to the subject property in the foreground of this photo.

2004 2005 2006 2007 2007 Actual Actual Actual Budget Actual inplace annualized * OPERATING REVENUE: Rental Revenue: Gross Minimum Rent-Office 676,795 645,254 629,512 635,252 611,247 Total Rent 676,795 645,254 629,512 635,252 611,247 CAM Income 4,608 7,711 2,992 0 0 Real Estate Tax Income 37,274 29,590 23,888 35,838 25,312 Office Escalation Inc 91,339 79,525 68,005 98,390 69,183 Total Recovery Income 133,221 116,826 94,885 134,228 94,495 Prepaid Revenue (8,631) 275 1,596 0 Other Rental Income 0 73 0 0 TOTAL OPERATING REVENUE 801,385 762,428 725,993 769,480 705,741 OPERATING EXPENSES: Recoverable Expenses: Common Area Maintenance 245,594 248,552 218,547 227,060 215,000 Management Fees 13,934 14,102 14,243 14,500 14,500 Real Estate Taxes 99,354 99,354 102,024 105,996 95,000 ** Insurance 8,350 7,913 8,230 8,640 8,640 Total Recoverable Expense 367,232 369,921 343,044 356,196 333,140 Non Recoverable Expenses: Maintenance - Landlord 16,927 3,160 339 12,000 12,000 Professional Fees 6,073 7,686 10,045 1,500 1,500 Advertising 1,333 888 1,384 2,000 2,000 Salaries & Benefits 32,693 39,648 52,311 49,500 49,500 Administration 2,321 0 1,459 2,000 2,000 Management Fees 28,124 26,966 25,410 23,900 23,900 Insurance 62 0 0 0 0 Total Non Recoverable Expenses 87,533 78,348 90,948 90,900 90,900 TOTAL OPERATING EXPENSES 454,765 448,269 433,992 447,096 424,040 NET OPERATING INCOME 346,620 314,159 292,001 322,384 281,701 * Operating expenses taken from 2007 budget ** RE Tax w as reduced

This property is part of the Pittsburgh Office Portfolio which is detailed below. Property Net Rentable SF Occupied SF Vacant SF % Vacant Land Size 2007 Budget NOI 8-07 In -Place NOI Annualized One Market Square, 100 Market St, Pittsburgh, PA 79,799 54,254 25,545 32.01% 0.45 360,364 303,380 Class B office. Market vacancy for class B office in Central Business District of Pittsburgh is 14.5% with a quoted rate of $16.55 psf. CBD vacancy rates are declining due to the conversion of office space to residential and quoted rental rates are increasing. This property offers significant upside by leasing up the existing 24,245 sf of vacant space. Corporate One Office Park 1, 4055 Monroeville Blvd, Monroeville PA 57,189 55,744 1,445 2.5% 5.44 923,559 822,910 Class A office. Market vacancy for class A in Monroeville is 12.5% with a quoted rate of $20.74 psf Vacancy rates are declining and quoted rental rates are increasing in the Monroeville Market. Buildings 1&2 are on separate parcels of land and are separately assessed. Corporate One Office Park 2, 4075 Monroeville Blvd, Monroeville PA 57,027 52,518 4,509 7.9% 3.59 combined w/ COOP 1 Class A office. Market vacancy for class A in Monroeville is 12.5% with a quoted rate of $20.74 psf Vacancy rates are declining and quoted rental rates are increasing in the Monroeville Market Corporate One West, 1195 Washington Pike, Bridgeville, PA 44,886 37,863 7,023 15.6% 3.59 322,384 281,701 Class B office. Market vacancy for class B in South Pittsburgh/I-79 is 10.6% with a quoted rate of $14.50 psf Quoted rental rates are increasing and the property offers good upside via leasing up the existing 7,023 (15.6%) of vacancy. Totals 238,901 200,379 38,522 16.1% 13.07 1,606,307 1,407,991 These properties can be purchased individually with the exception of Corporate One Office Park 1 & 2, which must be purchased together. Please follow the link below to view the marketing flyer for the entire portfolio: http://kimco1031.com/pdfs/pittsburgh%2c%20pa%20-%20office%20portfolio.pdf

Traffic Counts

There are many shopping opportunities in the immediate area as well as a new L.A. Fitness being developed adjacent to the subject property. New LA Fitness Office Buildings Tuesday Morning, Big Lots, Fashion Bug, Dollar Tree Big K-Mart, Giant Eagle Firestone TJ Maxx, Office Max Chuck E Cheese GE Lighting Facility Universal Stainless & Alloy Products

30 Minute Drive Time Downtown Pittsburgh, the greater Pittsburgh Airport and the south eastern suburbs are within a ½ hour drive. Demographics 1195 Washington Pike Bridgeville, Pennsylvania 2006 Estimates 1 Mile 3 Mile 5 Mile Total Population: 6,413 62,682 174,187 Total Households: 2,611 26,452 73,341 Avg. HH Income: $55,596 $79,063 $70,745 Med. HH Income: $50,115 $63,812 $58,921 Sites USA, Updates of 2000 Census Data by AGS.

The property is easily accessible to I-79 and near I-76

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