YOUR DBA

Woodlands Plaza III 2043 Woodland Parkway, St. Louis, MO 63146

Michael J. Wolken 314.206.4668 mwolken@cbcworldwide.com

Prepared by:

The Coldwell Banker Commercial Tradename and Marks are the registered marks of Coldwell Banker Real Estate LLC. All Rights Reserved

8820 Ladue Rd, St. Louis, MO 63124 (314) 206-4600

www.cbcworldwide.com

FOR SALE

Bruce J. Brophy 314.206.4643 bbrophy@cbcworldwide.com

 

  Woodlands Plaza III

YOUR DBA

Table of Contents

Executive Summary __________________________________ 3 

The Property ________________________________________ 4 Floor Plans _____________________________________________ 6 

Property Details _________________________________________ 7 

Maps & Aerials _________________________________________ 9 

Tax Map ______________________________________________ 11 

Nearby Amenities ______________________________________ 12 

Financials _________________________________________ 13 Assumptions to Financial Pro Forma ______________________ 13 

Rent Roll ______________________________________________ 15 

Stacking Plan __________________________________________ 15 

Market Overview ____________________________________ 16 St. Louis Office _________________________________________ 16 

Metro Data ____________________________________________ 17 

St. Louis Submarkets ___________________________________ 18 

Submarket New Construction Project Tally__________________ 19 

Submarket Snapshot ___________________________________ 19 

Rent Growth Comparisons _______________________________ 19 

Vacancy Rate Comparisons ______________________________ 20 

Submarket Data _______________________________________ 20 

Rent Comparables _____________________________________ 21 

Sales Comparables _____________________________________ 23 

Demographics ______________________________________ 24 Population ____________________________________________ 24 

Population Growth: 2008-2013 ___________________________ 25 

Demographics Snapshot ________________________________ 26 

Contact Info ________________________________________ 28 

Confidentiality Statement ____________________________ 29 

 

  Woodlands Plaza III

YOUR DBA

Executive Summary

Executive Summary

The Property Woodlands Plaza III, 2043 Woodland Parkway, St. Louis, MO 63146

Property Specifications Property Type: Office

Class: B

Building Size: 62,693 SF

Year Built/Renovated: 1985 / 1995

Number of Stories: 3

Tenants: List the Tenants

Price Sale Price: $2,000,000

Per SF Price: $234 PSF

Financial Summary Market Highlights Give a brief synopsis of the Market

The Offering: Coldwell Banker Commercial your DBA is please to offer for sale the 100% fee simple interest in 2043 Woodland Parkway (Woodlands Plaza III), an office building located in St. Louis, MO.

Investment Highlights: • Three story office

building situated on 2.84 acres with 62,693 Rentable Square Feet

• 220 Parking spaces

• Fully sprinklered

• New HVAC units along with EMS in 2002

• First floor lobby remodeled in 2004

• 277/480 volt, 1,200 amp electric service

• Fiber optics available in building

• New TPO roof Fall of 2007

Location Highlights: • Easy Access off Route

270 & 364

• Less than a mile to Westport Plaza

 

  Woodlands Plaza III

YOUR DBA

Property Overview

The Property

 

  Woodlands Plaza III

YOUR DBA

Property Overview

 

  Woodlands Plaza III

YOUR DBA

Property Overview

Floor Plans

Floor 1 21,320 SF

Floor 3 21,320

Floor 2 20,053 SF

 

  Woodlands Plaza III

YOUR DBA

Property Overview

Property Details

Property Address

Woodlands Plaza III 2043 Woodland Parkway, St. Louis, MO 63146

Property Details

Three story office building on 2.84 acres is moving to new headquarters. Property has 220 parking spaces; fully sprinklered; new HVAC units along with EMS in 200s; first floor lobby remodeled in 2004; 277/480 volt 1200 amp electric service; fiber optics in building. Available Fall 2008.

Price

$6,950,000

$200 / SF

Property Specifications

Property Type: Office

Class: B

Building Size: 62,693 SF

Land: 2.8 acres

Year Built/Renovated: 1985 / 1995

Number of Stories: 3

Typical Floor Size: 21,000

FAR: .51

Property Features

Elevators: 2

Parking: 220 Surface Tandem Spaces Ratio of 3.50/1,000 SF

Amenities: Corner Lot

 

  Woodlands Plaza III

YOUR DBA

Property Overview

Location Information

Cross Street: Lackland Rd

Located: SW corner

Park Name: Woodlands Business Park

Metro Market: St. Louis

Submarket: Central County/I-270/Maryland Heights

County: St. Louis

Lease Information

Tenancy: Single Tenant

% Leased: 100%

Space Available: 0 SF, all space becomes available Oct-Nov 2009

Annual Rent: $21.00/SF/Full Service Gross

Sales History

Sales Date Type Sale Price 12/1/84 Land & Building $6,195,00

1/1/85 Land & Building $6,200,000

1/28/94 Land & Building $3,000,000

 

  Woodlands Plaza III

YOUR DBA

Property Overview

Maps & Aerials

 

  Woodlands Plaza III

YOUR DBA

Property Overview

 

  Woodlands Plaza III

YOUR DBA

Property Overview

Tax Map

 

  Woodlands Plaza III

YOUR DBA

Property Overview

Nearby Amenities

Restaurants 1 Hooters 11835 Lackland Rd 2 Vivola Express 1911 Schuetz Rd 3 SUBWAY 1901 Schuetz Rd 4 Malone's Grill & Pub 11660 Administration Dr 5 Hardee's 12004 Lackland Rd 6 Spazio 12031 Lackland Rd 7 Hunan Garden 11532 Page Service Dr 8 Mc Donald's 25 Westport Plz 9 Kobe Japanese Grill 111 Westport Plz # 1200 11 St Louis Bread 147 Westport Plz 12 Tony's Pizza Svc 11 Worthington Access Dr 13 Westport Pizza Co 318 Westport Plz 14 Dierdorf & Hart's 323 Westport Plz 15 Paul Mineo's 333 Westport Plz 16 Pure 621 Westport Plz 17 Pujols 5 342 Westport Plz 18 Drunken Fish 639 Westport Plz 19 Ozzie's 645 Westport Plz 20 Casa Gallardo Mexican 462 Westport Plz 21 Nino's 736 Westport Plz 22 Schnuck Markets Inc 11420 Lackland Rd 23 Scotti 40 Worthington Access Dr

Banks 1 Cass Commercial Bank 2222 Schuetz Rd 2 Bank of America 2200 W Port Plaza Dr # 1 3 Citigroup 77 Westport Plz # 350 4 National City Bank 157 Westport Plz

Universities 1 Hickey College 940 Westport Plz # 101 2 DeVry University 1801 Park 270 Dr # 260

Post Offices 1 US Post Office 2002 Congressional Dr 2 US Post Office 77 Westport Plz

7

22

2 3

4

5 6

8-21

23

12-4

11

1

2

2

1

 

  Woodlands Plaza III

YOUR DBA

Financials

Financials Assumptions to Financial Pro Forma The Financial Pro Forma depicts a ten (10) year cash flow projection for Woodlands Plaza III. The projection is based upon the existing lease with assumptions regarding the future occupancy of the building as well as current and future market conditions. Listed on the following pages is a detail of the assumptions used in developing the Financial Pro Forma for the Property. Following the pro forma assumptions, a detailed rent roll, tenant description summary, and lease expiration summary are presented.

Projection Period 10 years

Net Rentable Area 62,693 SF

Market Rent $26.00

Miscellaneous Revenues None

Fixed Rent Escalation 3%

First Year Operating Expense

HVAC Maintenance 0.22

Insurance 0.15

Management Fee 0.50

Real Estate Taxes 1.23

Reimbursable Operating Expenses 11.12

Capital Reserves 20000

Annual Growth Rates

Market Rent 3%

Operating Expense .5%

Real Estate Taxes .4%

Credit Loss 15

General Vacancy 10%

Tenant Retention Rate / Rollover 80%

Term Length for new leases 5

Downtime for new leases 3 months

 

  Woodlands Plaza III

YOUR DBA

Financials

Tenant Improvements

New Lease $15.00

Renewal Lease $5.00

Blended $7.00

Leasing Commission

New Lease 6.0%

Renewal Lease 3.0%

Blended 3.6%

Assumed Debt

Original Loan

Amortization Start Date

Interest Rate

Amortization

Maturity Date

Prepayment

Defeasance

Refinance Debt

Loan Balance

Interest Rate

Amortization 30 years

 

  Woodlands Plaza III

YOUR DBA

Financials

Rent Roll

Stacking Plan

Suite/Tenant SF Lease Term Rate Recovery Type Comments

100 20,000 5/99 – 5/09 $22.00 NNN Tenant would like to sublet part of their space

200 10,000 8/00 – 8/10 $23.00 Tenant pays electric

210 10,000 9/01 – 9/11 $23.50

300 5,000 Vacant

310 10,000 11/02 – 11/12 $24.00 Tenant has right to cancel after 5 years

320 5,000 7/03 – 7/08 $26.50 Lease is expiring this year

3rd Floor

Suite 300 Your Tenant 3

5,000 Vacant

Suite 310 Your Tenant 4

10,000 11/31/2012

Suite 320 Your Tenant 5

5,000 7/30/2008

2nd Floor

Suite 200 Your Tenant

10,000 8/31/2010

Suite 210 Your Tenant 2

10,000 9/31/2011

1st Floor

Suite 100 Any Tenant

20,000 5/31/2009

Vacant 2008 2009 2010 2011 2012

Lease Expiration Scale

 

  Woodlands Plaza III

YOUR DBA

Market Overview

Market Overview St. Louis Office The 44-million-squarefoot St. Louis multitenant office market continued its slow march to recovery in the third quarter of 2007, according to Reis data. The completion of the 113,000-square-foot second phase of 40 West in Chesterfield was more than matched by 156,000 square feet of net absorption. The vacancy rate fell 10 basis points from the prior quarter and is down 150 basis points from a year earlier, but it is still high at 14.6%. The Class A vacancy rate is also high at 12.6%, unchanged from the prior quarter, and the Class A average rent is low at $22.79 psf, up just 0.9% from a year earlier. These figures discourage additional construction. The market is still working off a supply boom around the turn of the century, which, when combined with some negative net absorption during the recession, drove the vacancy rate up as high as 19.0% in the first quarter of 2005. With just over 1 million square feet of new space under construction at the end of the third quarter, a period of more modest new supply is expected to extend through 2011. This, and improved demand, should allow the vacancy rate to continue its slow descent. With a solid third quarter, the metro area may be about to turn the corner on rent gains. Both the average asking rent and the average effective rent increased 1.1%, to $19.81 psf and $16.40 psf, respectively. With the yearover-year gains now at 1.6% and 2.6%, Reis forecasts gains of 2.2% and 2.3% for all of 2007, the best since 2000. Better gains will begin next year with an effective rent gain of 3.0%, followed by gains near and over 4.0% from 2009 to 2011. 1

                                                            1 Source: Reis.com 

Office: “New office development continues to proceed with caution,” Heartland Real Estate Business reports. “Currently, there is only 271,600 square feet of new office space under construction in the market. However, large blocks of space—25,000 square feet or greater—continue to be in limited supply in the most desirable submarkets, such as Clayton and West County. This lack of supply for large blocks will likely serve to catalyze future development.” That future may be far off, since even in Clayton, the three office projects in the pipeline are “in the conceptual stage. Tony Novelly’s recent purchase of the former U.S. Title Building on Forsyth allows for the opportunity of a third tower adjacent to his existing holdings. Koman Properties is marketing the northeast corner of Brentwood Boulevard and Forsyth for a new office tower, and Montgomery Bank has assembled an attractive parcel at the southeast corner of Forsyth and Central with plans for a major mixed-use tower. Any one of these projects could proceed with the signing of a large tenant.”

 

  Woodlands Plaza III

YOUR DBA

Market Overview

Metro Data

Source: Reis.com

Year Qtr Inventory SF/Units Completions Inventory

Growth% Vacancy Rate

Vacancy Change(%)

Net Absorption

Asking Rent

Ask Rent % Chg

2002 Y 44,818,000 1,356,000 0.0% 16.3% 0.0% 331,000 $20.18 0.0%

2003 Y 45,388,000 608,000 1.3% 17.2% 0.9% 73,000 $19.79 - 1.9%

2004 Y 45,441,000 187,000 0.1% 18.3% 1.1% -463,000 $19.55 - 1.2%

2005 Y 44,914,000 515,000 - 1.2% 16.5% - 1.8% 394,000 $19.57 0.1%

2006 1 44,951,000 111,000 0.1% 16.5% 0.0% 42,000 $19.50 - 0.4%

2006 2 44,812,000 0 - 0.3% 15.5% - 1.0% 301,000 $19.52 0.1%

2006 3 44,629,000 52,000 - 0.4% 16.0% 0.5% -373,000 $19.47 - 0.3%

2006 4 44,627,000 30,000 0.0% 15.3% - 0.7% 338,000 $19.49 0.1%

2006 Y 44,627,000 193,000 - 0.6% 15.3% - 1.2% 308,000 $19.49 - 0.4%

2007 1 44,587,000 220,000 - 0.1% 15.2% - 0.1% 14,000 $19.57 0.4%

2007 2 44,660,000 158,000 0.2% 14.7% - 0.5% 257,000 $19.56 - 0.1%

2007 3 44,761,000 113,000 0.2% 14.6% - 0.1% 163,000 $19.77 1.1%

2007 4 44,363,000 84,000 - 0.9% 14.7% 0.1% -425,000 $19.95 0.9%

2007 Y 44,363,000 575,000 - 0.6% 14.7% - 0.6% 9,000 $19.95 2.4%

2008 Y 45,032,000 669,000 1.5% 15.1% 0.4% 393,000 $20.25 1.5%

2009 Y 45,127,000 95,000 0.2% 14.2% - 0.9% 491,000 $20.71 2.3%

2010 Y 45,401,000 274,000 0.6% 13.6% - 0.6% 540,000 $21.38 3.2%

2011 Y 46,073,000 672,000 1.5% 12.5% - 1.1% 1,051,000 $22.13 3.5%

2012 Y 46,625,000 552,000 1.2% 11.6% - 0.9% 905,000 $22.97 3.8%

 

  Woodlands Plaza III

YOUR DBA

Market Overview

St. Louis Submarkets

1 Downtown 2 St. Louis City 3 Clayton

4 Olive/Westport 5 Hwy 40 Corridor 6 South County

7 North County/St. Charles 8 Illinois

 

  Woodlands Plaza III

YOUR DBA

Market Overview

Submarket New Construction Project Tally

Source: Reis.com

Submarket Snapshot

Source: Reis.com Rent Growth Comparisons

Source: Reis.com

Rank

Submarket

Sq. Ft. 2007

Sq. Ft. 2008

Sq. Ft. 2009

Sq. Ft 2010

2008-2010

Sq. Ft. Market Share

Cumulative Market Share

1 Hwy 40 Corridor 185,000 430,600 0 0 430,600 40.5% 40.5%

2 St. Louis City 12,000 165,000 95,000 0 260,000 24.4% 64.9%

3 Olive/Westport 220,000 173,000 0 0 173,000 16.3% 81.2%

4 Clayton 0 150,000 0 0 150,000 14.1% 95.3%

5 Illinois 25,500 50,000 0 0 50,000 4.7% 100%

6 Downtown 56,000 0 0 0 0 0.0% 100%

7 North/St. Charles 76,249 0 0 0 0 0.0% 100%

Submarket

Inventory (Bldgs)

Inventory Sq. Ft.

Asking Rent

CRD %

Vac %

Free Rent (mos)

Expenses (Comm’l)

Lease Term (yrs)

Leasing Commission

Tenant Improvement

Downtown 70 11,384,000 $17.27 -6.4 20.0 2.5 $6.34 5.0 3.6% $15.27

St. Louis City 57 1,867,000 $15.36 -5.7 12.4 2.2 $5.79 4.6 3.1% $11.58

Clayton 92 6,376,000 $23.93 -5.4 11.4 2.1 $8.96 5.0 3.0% $14.75

Olive/Westport 132 7,369,000 $20.18 -5.0 16.6 1.9 $7.54 4.6 3.3% $13.91

Hwy 40 Corridor

149 7,824,000 $23.07 -5.0 10.0 2.1 $7.81 4.8 2.8% $14.94

South County 88 2,914,000 $20.21 -3.4 6.1 1.4 $6.82 4.6 2.5% $9.57

North/St. Charles

112 5,296,000 $18.28 -4.8 17.8 1.8 $6.68 4.5 2.7% $14.52

Illinois 59 1,333,000 $16.82 -4.4 13.6 2.2 $5.47 4.4 2.9% $10.47

Asking Rent Growth

Quarterly Annualized

4Q 07 3Q 07 YTD Avg 1 Year 3 Year 5 Year 5 Yr Forecast

Olive/Westport 0.6% 0.5% 0.7% 2.8% 1.1% - 0.7% 2.7%

St. Louis 0.9% 1.1% 0.6% 2.4% 0.7% - 0.2% 2.9%

Midwest 0.8% 0.6% 0.7% 2.7% 1.4% 0.2% 2.7%

United States 1.9% 2.2% 2.3% 9.6% 6.4% 2.9% 3.5%

 

  Woodlands Plaza III

YOUR DBA

Market Overview

Vacancy Rate Comparisons

Source: Reis.com

Submarket Data

Vacancy Rates

Quarterly Annualized 4Q 07 3Q 07 YTD Avg 1 Year 3 Year 5 Year 5 Yr Forecast

Olive/Westport 16.6% 17.2% 17.3% 17.7% 19.6% 19.6% 14.7% St. Louis 14.7% 14.6% 14.8% 15.0% 16.2% 16.4% 13.4% Midwest 16.3% 16.3% 16.7% 16.9% 17.7% 17.8% 15.6% United States 12.6% 12.5% 12.7% 13.0% 14.2% 15.0% 12.3%

Year Qtr Inventory SF/Units Completions Inventory

Growth% Vacancy Rate

Vacancy Change(%)

Net Absorption

Asking Rent

Ask Rent % Chg

2002 Y 7,130,000 281,000 0.0% 18.3% 0.0% -16,000 $20.95 0.0% 2003 Y 7,210,000 80,000 1.1% 20.8% 2.5% -115,000 $20.20 - 3.6% 2004 Y 7,241,000 31,000 0.4% 23.4% 2.6% -163,000 $19.51 - 3.4% 2005 Y 7,155,000 0 - 1.2% 19.7% - 3.7% 198,000 $19.78 1.4% 2006 1 7,168,000 13,000 0.2% 19.2% - 0.5% 47,000 $19.65 - 0.7% 2006 2 7,168,000 0 0.0% 18.1% - 1.1% 79,000 $19.57 - 0.4% 2006 3 7,168,000 0 0.0% 18.5% 0.4% -29,000 $19.56 - 0.1% 2006 4 7,186,000 18,000 0.3% 18.8% 0.3% -7,000 $19.63 0.4% 2006 Y 7,186,000 31,000 0.4% 18.8% - 0.9% 90,000 $19.63 - 0.8% 2007 1 7,406,000 220,000 3.1% 18.7% - 0.1% 186,000 $19.84 1.1% 2007 2 7,394,000 0 - 0.2% 16.6% - 2.1% 146,000 $19.97 0.7% 2007 3 7,394,000 0 0.0% 17.2% 0.6% -45,000 $20.06 0.5% 2007 4 7,369,000 0 - 0.3% 16.6% - 0.6% 24,000 $20.18 0.6% 2007 Y 7,369,000 220,000 2.5% 16.6% - 2.2% 311,000 $20.18 2.8% 2008 Y 7,392,000 23,000 0.3% 16.6% 0.0% 19,000 $20.51 1.6% 2009 Y 7,392,000 0 0.0% 15.5% - 1.1% 81,000 $21.02 2.5% 2010 Y 7,392,000 0 0.0% 15.3% - 0.2% 18,000 $21.70 3.2% 2011 Y 7,392,000 0 0.0% 13.6% - 1.7% 120,000 $22.33 2.9% 2012 Y 7,392,000 0 0.0% 12.3% - 1.3% 101,000 $23.07 3.3%

 

  Woodlands Plaza III

YOUR DBA

Market Overview

Rent Comparables

 

  Woodlands Plaza III

YOUR DBA

Market Overview

Rent Comparables

 

  Woodlands Plaza III

YOUR DBA

Market Overview

Sales Comparables

Source: Reis.com

 

  Woodlands Plaza III

YOUR DBA

Demographics

Demographics Population

 

  Woodlands Plaza III

YOUR DBA

Demographics

Population Growth: 2008-2013

 

  Woodlands Plaza III

YOUR DBA

Demographics

Demographics Snapshot

0 - 1 miles 0 - 3 miles 0 - 5 miles

Description Radius 1 % Radius 2 % Radius 3 % Population

2013 Projection 4,722 74,919 157,449 2008 Estimate 4,735 76,793 161,908 2000 Census 4,848 79,569 167,727 1990 Census 4,848 79,847 174,308

Growth 2008-2013 -0.27% -2.44% -2.75% Growth 2000-2008 -2.33% -3.49% -3.47% Growth 1990-2000 0.00% -0.35% -3.78%

2008 Est. Population by Sex 4,735 76,793 161,908 Male 2,183 46.10 37,025 48.21 77,703 47.99 Female 2,552 53.90 39,769 51.79 84,205 52.01

2008 Est. Population by Age 4,735 76,793 161,908 Age 18 - 20 117 2.47 2,197 2.86 5,410 3.34 Age 21 - 24 156 3.29 3,557 4.63 7,897 4.88 Age 25 - 34 416 8.79 8,975 11.69 17,582 10.86 Age 35 - 44 701 14.80 11,726 15.27 22,392 13.83 Age 45 - 49 365 7.71 6,334 8.25 12,996 8.03 Age 50 - 54 394 8.32 5,916 7.70 12,896 7.97 Age 55 - 59 425 8.98 5,497 7.16 12,222 7.55 Age 60 - 64 371 7.84 4,624 6.02 9,870 6.10 Age 65 - 74 451 9.52 6,269 8.16 13,212 8.16 Age 75 - 84 330 6.97 4,322 5.63 9,383 5.80 Age 85 and over 144 3.04 1,621 2.11 3,648 2.25

Age 16 and over 3,977 83.99 63,037 82.09 131,876 81.45 Age 18 and over 3,871 81.75 61,039 79.49 127,509 78.75 Age 21 and over 3,755 79.30 58,842 76.62 122,099 75.41 Age 65 and over 925 19.54 12,213 15.90 26,243 16.21

2008 Est. Median Age 46.55 41.75 42.00

2008 Est. Pop. Age 25+ by Educational Attainment* 3,599 55,285 114,202 High School Graduate (or GED) 583 16.20 11,827 21.39 26,551 23.25 Some College, no degree 736 20.45 11,867 21.47 24,577 21.52 Associate Degree 203 5.64 2,846 5.15 5,871 5.14 Bachelor's Degree 1,047 29.09 14,300 25.87 26,462 23.17 Master's Degree 504 14.00 5,710 10.33 10,895 9.54 Professional School Degree 147 4.08 2,047 3.70 4,347 3.81 Doctorate Degree 85 2.36 1,112 2.01 2,175 1.90

 

  Woodlands Plaza III

YOUR DBA

Demographics

0 - 1 miles 0 - 3 miles 0 - 5 miles

Description Radius 1 % Radius 2 % Radius 3 % Households

2013 Projection 2,372 34,836 70,686 2008 Estimate 2,336 35,062 71,367 2000 Census 2,311 35,336 71,883 1990 Census 2,177 33,727 71,180

Growth 2008-2013 1.54% -0.64% -0.95% Growth 2000-2008 1.08% -0.78% -0.72% Growth 1990-2000 6.16% 4.77% 0.99%

2008 Est. Households by Household Income 2,336 35,062 71,367 Income Less than $15,000 246 10.53 2,854 8.14 6,740 9.44 Income $15,000 - $24,999 187 8.01 2,934 8.37 6,756 9.47 Income $25,000 - $34,999 204 8.73 3,744 10.68 8,102 11.35 Income $35,000 - $49,999 383 16.40 6,022 17.18 11,997 16.81 Income $50,000 - $74,999 553 23.67 8,085 23.06 14,958 20.96 Income $75,000 - $99,999 328 14.04 4,942 14.10 8,770 12.29 Income $100,000 - $149,999 261 11.17 4,285 12.22 7,868 11.02 Income $150,000 - $249,999 137 5.86 1,547 4.41 3,659 5.13 Income $250,000 - $499,999 27 1.16 427 1.22 1,445 2.02 Income $500,000 and more 12 0.51 224 0.64 1,072 1.50

2008 Est. Average Household Income $70,502 $70,672 $75,764

2008 Est. Per Capita Income $34,988 $32,613 $33,822

 

  Woodlands Plaza III

YOUR DBA

Contact Information

Contact Info For more information, please contact: Michael Wolken 8820 Ladue Road Saint Louis, MO 63124 Phone: (314) 206-4668 Fax: (314) 206-4666 Mobile: (314) 750-3847

Bruce J. Brophy 8820 Ladue Road Saint Louis, MO 63124 Phone: (314) 206-4643 Fax: (314) 206-4666 Mobile: (314) 267-5916 bbrophy@cbcworldwide.com

Coldwell Banker Commercial your DBA

8820 Ladue Road Saint Louis, MO 63124 Phone: (314) 206-4600 Fax: (314) 206-4666 www.cbcstl.com

 

  Woodlands Plaza III

YOUR DBA

Confidentiality Statement

Confidentiality Statement This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property "AS IS" CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer's choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.