Commercial Sale Specifications

All retail and professional space can be subdivided depending on the buyers needs and the remaining availability of space. The total square footage of the retail and professional space is 13,333 sq. ft. and 26,667 sq. ft., respectively. The building has the following specifications:

Structure: Masonry exterior walls with steel frame and glass windows.

Roof Construction: Standing seam metal roofing over rigid insulation on metal decking on open web steel joists.

Floor Construction: First floor - concrete slab on grade. Second and third floors - concrete slab on metal decking on open web steel joists. All floors will be designed for live loads of 100 lbs. per square foot and will be ready for carpet or tile (by buyer). Galleria common area washrooms on second and third floors will be tiled. The common area hallways on second and third floors will be carpeted. Tenant to provide their choice of flooring and wall base within their own unit.

Ceiling Construction: Standard ceiling grid and panels to be provided by Seller. Ceiling height to underside of steel joists will be 11 feet. Ceiling height to underside of mechanical ducts will vary from a minimum of 8 feet. Suspended ceiling to be 10 feet maximum above the floor.

Retail Storefront: Exterior storefront windows will be aluminum frames with 1" insulated clear glazing and high performance paint finish. Interior storefronts will be either steel or aluminum frame with a high performance paint finish. Refer to architectural plans for entrance locations. All storefronts and entrances will be provided by Seller.

Windows: Non-operable anodized aluminum frames with 1" insulated glazing on the first floor and semi-operable windows on the second and third floors.

Restroom Facilities: Second and third floors will be provided with public toilet facilities. Private toilet facilities may be installed by buyer.

Demising Partition Construction: Demising walls consisting of masonry concrete block or 5/8" gypsum board on metal studs with acoustical insulation. All gypsum board is taped and sanded and ready for buyers finish. Buyer to provide interior partition walls.

Lighting: Standard Fluorescent lighting to be provided by Seller.

Parking: Due to the Special Use District (SUD) Agreement, all parking lots of adjoining neighbors must be connected and therefore ample parking is provided in excess of the minimum requirement.

Service Entry: There will be no dedicated service entry. Service will be by buyer’s storefront or Galleria entrance.

Exterior Buyer Building Signage: Exterior Building Signage will be allowed for the first floor retail buyer. Buyer will be required to conform to a signage code specifying size, location, and allowable materials and will be provided by the buyer.

Monument Signage: A monument sign will be placed at the center of the Phase II lot along U.S. Route 30. Space for each buyer’s name will be provided subject to slot availability at the buyers cost.

Refuse Disposal: A trash container will be provided by the Seller and located at the northeast corner of the parking lot. Buyers will be responsible for removing trash from building and placing it in the container.

Doors: Exterior door and lock to be provided by the Seller, interior doors and locks to be provided by the buyer.

Utilities: Utilities will be metered separately to buyer where possible.

Electrical: Seller will bring electrical service to each individual unit and will provide standard outlets.

Real Estate Taxes and Assessment: Buyer shall pay on a monthly basis an assessment for their proportionate maintenance and upkeep of the building and the surrounding grounds. Assessments will be computed as a monthly charge on a per square foot basis of the buyer’s useable space. The operating fund assessments are estimated to be 23 cents p.s.f. per month for retail space and 14 cents p.s.f. per month for professional offices. The capital fund assessments are estimated to be 2.50 cents p.s.f. per month for retail space and 1.50 cents p.s.f. per month for office space. The Board will review any increase or decrease to that charge at least annually, however, all assessments are subject to change at anytime at the discretion of the Board of Directors. Real estate taxes will be billed directly to the buyer by the County, however, they are estimated to be $2.25 per square foot per year. The building has received a nine year scaled tax abatement and that benefit will be passed on to the buyer.