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Cummings,)McClorey,)Davis)Acho,)P.L.C.

Space)Requirements
Combining)Livonia)and)Clinton)Township

Use Size Number Square)Feet


Partner 15x15 13 2,925
Associate 15x10 19 2,850
Workstations 8x6 27 1,296
Reception 25x15 1 375
Large)Conference 25x15 1 375
Med)Conference 20x15 2 600
Kitchen 20x15 1 300
File)Room 25x15 2 750
Copy)Room 15x10 1 150
Net)Usable 9,621
Internal)Circulation)@)25% 2,405
Total)Usable 12,026
Building)R/U)Factor)@)15% 1,804
Estimated)Rentable)Area 13,830

Estimated)space)requirements)+/\)13,830)RSF
Combined Total deal cost $2,883,837
Combined NPV @ 8.0% $2,075,406
33900 River Ridge Maccabees Travelers I Laurel Park 2000 Town
Schoolcraft Office Building Center INTERNAL Building II Center
INTERNAL LANDLORD INTERNAL ANALYSIS INTERNAL INTERNAL
ANALYSIS PROPOSAL ANALYSIS ANALYSIS ANALYSIS

33900 19176 Hall Rd, 25800 26555 17187 N Laurel 2000 Town
Schoolcraft Suite 220 Northwestern Evergreen Rd, Park, Suite 160 Center, Suite
Highway, Suite Suite 1300 1625
Street Address 950

City, State Zip Livonia, MI Clinton Southfield, MI Soutfield, MI Livonia, MI Southfield, MI


48309 Township, MI 48075 48076 48152 48075
48038

Property Level Report View report View report View report View report View report View report

Building Class Class C Class A Class B Class B Class A Class AA

TI Allowance $0.00 per RSF $0.00 per RSF $20.00 per RSF $35.00 per RSF $30.00 per RSF $25.00 per RSF

Lease Structure Full Service Full Service Full Service Full Service Full Service Full Service

Lease Term 120 months 120 months 120 months 120 months 120 months 120 months

Commencement Date 01/01/0015 01/01/0015 01/01/0015 01/01/0015 01/01/0015 01/01/0015

Expiration Date 12/31/2024 12/31/2024 12/31/2024 12/31/2024 12/31/2024 12/31/2024

Rentable Area 15,000 SF 1,966 SF 14,000 SF 14,775 SF 13,644 SF 14,589 SF

Avg. Total Cost / rsf 14.50 19.25 16.46 17.38 18.59 21.29

NPV of Total Cost / year / rsf 12.12 13.09 10.80 11.41 12.29 14.10

Effective Rent 14.50 19.25 14.46 13.88 15.59 18.79

Avg. Monthly Base Rent 18,125 3,154 19,201 21,393 21,129 25,885

Avg. Monthly Occupancy Cost 18,128 3,154 19,204 21,396 21,132 25,888

NPV of Total Cost Per Month 15,148 2,145 12,595 14,044 13,977 17,141

NPV of Total Cost Per Year 181,779 25,741 151,144 168,532 167,724 205,695

Avg. Annual Base Rent 217,500 37,846 230,417 256,716 253,551 310,624

Avg. Annual Occupancy Cost 217,534 37,850 230,448 256,749 253,582 310,657

NPV of Base Rent @ 8.0% 1,487,489 257,249 1,511,150 1,685,009 1,676,935 2,056,617

NPV of Total Cost @ 8.0% 1,817,788 257,406 1,511,444 1,685,319 1,677,240 2,056,952

Total Base Rent 2,175,000 378,455 2,304,167 2,567,156 2,535,510 3,106,241

Total Occupancy Cost 2,175,338 378,499 2,304,482 2,567,489 2,535,817 3,106,570

Total Deal Cost 2,505,338 378,499 2,304,482 2,567,489 2,535,817 3,106,570


33900 River Ridge Maccabees Travelers I Laurel Park 2000 Town
Schoolcraft Office Building Center INTERNAL Building II Center
INTERNAL LANDLORD INTERNAL ANALYSIS INTERNAL INTERNAL
ANALYSIS PROPOSAL ANALYSIS ANALYSIS ANALYSIS

Total Cost per RSF

Year 1 13.50 17.00 2.58 2.75 5.83 3.67

Year 2 13.50 17.50 16.00 17.00 18.00 22.25

Year 3 14.00 18.00 16.50 17.50 18.50 22.50

Year 4 14.00 18.50 17.00 18.00 19.00 22.75

Year 5 14.50 19.00 17.50 18.50 19.50 23.00

Year 6 14.50 19.50 18.00 19.00 20.00 23.25

Year 7 15.00 20.00 18.50 19.50 20.50 23.50

Year 8 15.00 20.50 19.00 20.00 21.00 23.75

Year 9 15.50 21.00 19.50 20.50 21.50 24.00

Year 10 15.50 21.50 20.00 21.00 22.00 24.25

Avg. Total Cost per RSF 14.50 19.25 16.46 17.38 18.59 21.29

Total Annual Cost

Expenses & Credits 330,000 - - - - -

Year 1 202,500 33,422 36,167 40,631 79,590 53,493

Year 2 202,508 34,406 224,007 251,182 245,599 324,613

Year 3 210,015 35,390 231,014 258,577 252,428 328,267

Year 4 210,023 36,374 238,021 265,972 259,256 331,922

Year 5 217,530 37,358 245,028 273,367 266,085 335,576

Year 6 217,538 38,342 252,035 280,762 272,914 339,231

Year 7 225,045 39,326 259,042 288,157 279,743 342,885

Year 8 225,053 40,310 266,049 295,552 286,572 346,540

Year 9 232,560 41,294 273,056 302,947 293,401 350,194

Year 10 232,568 42,278 280,063 310,342 300,229 353,849

Total Deal Cost 2,505,338 378,499 2,304,482 2,567,489 2,535,817 3,106,570


33900 River Ridge Maccabees Travelers I Laurel Park 2000 Town
Schoolcraft Office Building Center INTERNAL Building II Center
INTERNAL LANDLORD INTERNAL ANALYSIS INTERNAL INTERNAL
ANALYSIS PROPOSAL ANALYSIS ANALYSIS ANALYSIS

Total Cost by Year

400,000

300,000

200,000

100,000

0
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Annual Metrics

400,000

300,000

200,000

100,000

0
NPV of Total Cost Per Year Avg. Annual Base Rent Avg. Annual Occupancy Cost

Total Costs

4,000,000

3,000,000

2,000,000

1,000,000

0
NPV of Total Cost @ 8.0% Total Base Rent Total Occupancy Cost Total Deal Cost

RSF Costs

$24.00

$18.00

$12.00

$6.00

$0.00
Avg. Base Rent / rsf NPV of Total Cost / year / rsf Effective Rent
Cummings, McClorey,
Rentable Area Lease Term Commencement Date Expiration Date
Davis & Acho, P.L.C.
33900 Schoolcraft 15,000 SF 120 months 01/01/0015 12/31/2024
INTERNAL ANALYSIS Building Class Lease Structure Total Deal Cost NPV of Total Cost @ 8.0%
33900 Schoolcraft Class C Full Service $2,505,338 $1,817,788
Livonia, MI 48309

Key Lease Metrics 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Months in Period 12 12 12 12 12 12 12 12 12 12

Base Rent per RSF 14.50 13.50 13.50 14.00 14.00 14.50 14.50 15.00 15.00 15.50 15.50

Expenses per RSF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Cost per RSF 14.50 13.50 13.50 14.00 14.00 14.50 14.50 15.00 15.00 15.50 15.50

Average Monthly 18,128 16,875 16,876 17,501 17,502 18,128 18,128 18,754 18,754 19,380 19,381
Cost
Per Annum Total 217,534 202,500 202,508 210,015 210,023 217,530 217,538 225,045 225,053 232,560 232,568

Cumulative Total 202,500 405,008 615,023 825,045 1,042,575 1,260,113 1,485,158 1,710,210 1,942,770 2,175,338

Annual Financial Detail 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Base Rent 217,500 202,500 202,500 210,000 210,000 217,500 217,500 225,000 225,000 232,500 232,500

Total Rent 217,500 202,500 202,500 210,000 210,000 217,500 217,500 225,000 225,000 232,500 232,500

Expenses

Over Base Year Stop 34 8 15 23 30 38 45 53 60 68

Total Expenses 34 8 15 23 30 38 45 53 60 68

Expenses and Credits 0 1 2 3 4 5 6 7 8 9 10

Landlord Credits

Tenant Cash Outlay

Tenant Improvements 330,000

Total Expenses & Credits 330,000


Cummings, McClorey,
Rentable Area Lease Term Commencement Date Expiration Date
Davis & Acho, P.L.C.
River Ridge Office Building 1,966 SF 120 months 01/01/0015 12/31/2024
LANDLORD PROPOSAL Building Class Lease Structure Total Deal Cost NPV of Total Cost @ 8.0%
19176 Hall Rd, Suite 220 Class A Full Service $378,499 $257,406
Clinton Township, MI 48038

Key Lease Metrics 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Months in Period 12 12 12 12 12 12 12 12 12 12

Base Rent per RSF 19.25 17.00 17.50 18.00 18.50 19.00 19.50 20.00 20.50 21.00 21.50

Expenses per RSF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Cost per RSF 19.25 17.00 17.50 18.00 18.50 19.00 19.50 20.00 20.50 21.00 21.50

Average Monthly Cost 3,154 2,785 2,867 2,949 3,031 3,113 3,195 3,277 3,359 3,441 3,523

Per Annum Total 37,850 33,422 34,406 35,390 36,374 37,358 38,342 39,326 40,310 41,294 42,278
Cumulative Total 33,422 67,828 103,218 139,592 176,950 215,292 254,618 294,928 336,221 378,499

Annual Financial Detail 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Base Rent 37,846 33,422 34,405 35,388 36,371 37,354 38,337 39,320 40,303 41,286 42,269

Total Rent 37,846 33,422 34,405 35,388 36,371 37,354 38,337 39,320 40,303 41,286 42,269

Expenses

Over Base Year Stop 4 1 2 3 4 5 6 7 8 9

Total Expenses 4 1 2 3 4 5 6 7 8 9
OFFICE FOR LEASE

Maccabees Center
25800 Northwestern Hwy
Southfield, MI 48075

Structure

Building Type: Office


SubType: Medical
Class: B
RBA: 251,107 SF
Typical Floor: 21,140 SF
Stories: 12
Building Status: Existing
Year Built: 1986
% Leased: 70.5%
Owner Occupied: No
Owner Type: Developer/Owner-NTL
Tenancy: Multiple Tenant
Land Area: 9.32 AC
Zoning: ERO
Parcel No: 24-22-426-001
Parking: 115 free Surface Spaces are available
1,128 free Covered Spaces are available
Ratio of 3.50/1,000 SF

Lease

Total Available: 74,075 SF


Smallest Space: 2,054 SF
Max Contig: 56,225 SF
Space Use: Medical, Office
Rent/SF/Yr: $16.50
Expenses: 2011 Tax @ $2.77/sf

Amenities

24/7 Building Access, A/C, Energy Star Labeled, Food Service, Property Manager on Site, Security System, Signage

Floor SF Avail Floor Contig Bldg Contig Rent/SF/Yr + Svs Occupancy Term Type
P 9th / Suite 970 2,054 2,054 2,054 $16.50/+elec Vacant 1-5 yrs Direct
Full service office building with amenities that include free covered parking, cafeteria/sundry shop, on-site property management/security. Signage available.
P 9th / Suite FL 9 15,796 15,796 15,796 $16.50/+elec Vacant Negotiable Direct
Full service office building with amenities that include free covered parking, cafeteria/sundry shop, on-site property management/security. Signage available.

Building Notes

A full service building with forced-air heating; Signage rights to multi-floor tenants. Covered parking with free valet parking.

The Maccabees building shares an underground cafeteria with the Doner Building.

This building was awarded an Energy Star label in 2013 for its operating efficiency.

This copyrighted report contains research licensed to Distinguished Partners - 279561.


Cummings, McClorey,
Rentable Area Lease Term Commencement Date Expiration Date
Davis & Acho, P.L.C.
14,000 SF 120 months 01/01/0015 12/31/2024
Maccabees Center
INTERNAL ANALYSIS TI Allowance Building Class Lease Structure Total Deal Cost
25800 Northwestern Highway, $20.00 per RSF Class B Full Service $2,304,482
Suite 950
NPV of Total Cost @ 8.0%
Southfield, MI 48075
$1,511,444

Key Lease Metrics 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Months in Period 12 12 12 12 12 12 12 12 12 12

Base Rent per RSF 16.46 2.58 16.00 16.50 17.00 17.50 18.00 18.50 19.00 19.50 20.00

Expenses per RSF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Cost per RSF 16.46 2.58 16.00 16.50 17.00 17.50 18.00 18.50 19.00 19.50 20.00
Average Monthly Cost 19,204 3,014 18,667 19,251 19,835 20,419 21,003 21,587 22,171 22,755 23,339

Per Annum Total 230,448 36,167 224,007 231,014 238,021 245,028 252,035 259,042 266,049 273,056 280,063

Cumulative Total 36,167 260,174 491,188 729,209 974,237 1,226,272 1,485,314 1,751,363 2,024,419 2,304,482

Annual Financial Detail 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Base Rent 248,500 217,000 224,000 231,000 238,000 245,000 252,000 259,000 266,000 273,000 280,000

Rent Abatement (18,083) (180,833)

Total Rent 230,417 36,167 224,000 231,000 238,000 245,000 252,000 259,000 266,000 273,000 280,000

Expenses

Over Base Year Stop 32 7 14 21 28 35 42 49 56 63

Total Expenses 32 7 14 21 28 35 42 49 56 63

Expenses and Credits 0 1 2 3 4 5 6 7 8 9 10

Landlord Credits

TI Allowance (280,000)

Tenant Cash Outlay

Buildout Expense 280,000

Total Expenses & Credits


OFFICE FOR LEASE

Travelers Tower I
26555 Evergreen Rd
Southfield, MI 48076

Structure

Building Type: Office


Class: B
RBA: 456,000 SF
Typical Floor: 24,743 SF
Stories: 18
Building Status: Existing
Year Built: 1973
% Leased: 59.0%
Owner Occupied: No
Owner Type: Developer/Owner-NTL
Tenancy: Multiple Tenant
Land Area: 11.66 AC
Zoning: RC
Parcel No: 24-22-277-006
Parking: 896 Surface Spaces are available
Ratio of 4.13/1,000 SF

Lease

Total Available: 221,269 SF


Smallest Space: 552 SF
Max Contig: 24,252 SF
Space Use: Office
Rent/SF/Yr: $16.95
Expenses: 2011 Tax @ $1.22/sf

Amenities

Banking, Food Service, On Site Management

Floor SF Avail Floor Contig Bldg Contig Rent/SF/Yr + Svs Occupancy Term Type
P 13th / Suite 1300 4,573 24,252 24,252 $16.95/+elec 30 Days 1-5 yrs Direct
P 13th / Suite 1300 19,679 24,252 24,252 $16.95/+elec Vacant 1-5 yrs Direct

Building Notes

Recent renovation of lobby. Covered and surface parking available at no charge. Full range of amenities includes coffee shop, sundry store, and
cafeteria.

This copyrighted report contains research licensed to Distinguished Partners - 279561.


Cummings, McClorey,
Rentable Area Lease Term Commencement Date Expiration Date
Davis & Acho, P.L.C.
14,775 SF 120 months 01/01/0015 12/31/2024
Travelers I
INTERNAL ANALYSIS TI Allowance Building Class Lease Structure Total Deal Cost
26555 Evergreen Rd, Suite 1300 $35.00 per RSF Class B Full Service $2,567,489
Soutfield, MI 48076
NPV of Total Cost @ 8.0%
$1,685,319

Key Lease Metrics 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Months in Period 12 12 12 12 12 12 12 12 12 12

Base Rent per RSF 17.38 2.75 17.00 17.50 18.00 18.50 19.00 19.50 20.00 20.50 21.00

Expenses per RSF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Cost per RSF 17.38 2.75 17.00 17.50 18.00 18.50 19.00 19.50 20.00 20.50 21.00
Average Monthly 21,396 3,386 20,932 21,548 22,164 22,781 23,397 24,013 24,629 25,246 25,862
Cost

Per Annum Total 256,749 40,631 251,182 258,577 265,972 273,367 280,762 288,157 295,552 302,947 310,342

Cumulative Total 40,631 291,814 550,391 816,363 1,089,730 1,370,492 1,658,649 1,954,201 2,257,147 2,567,489

Annual Financial Detail 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Base Rent 277,031 243,788 251,175 258,563 265,950 273,338 280,725 288,113 295,500 302,888 310,275

Rent Abatement (20,316) (203,156)

Total Rent 256,716 40,631 251,175 258,563 265,950 273,338 280,725 288,113 295,500 302,888 310,275

Expenses

Over Base Year Stop 33 7 15 22 30 37 44 52 59 67

Total Expenses 33 7 15 22 30 37 44 52 59 67

Expenses and Credits 0 1 2 3 4 5 6 7 8 9 10

Landlord Credits

TI Allowance (517,125)

Tenant Cash Outlay

Buildout Expense 517,125

Total Expenses & Credits


OFFICE FOR LEASE

Bldg II - Laurel Office Park


17187 N Laurel Park Dr N
Livonia, MI 48152

Structure

Building Type: Office


Class: A
RBA: 130,122 SF
Typical Floor: 32,000 SF
Stories: 4
Building Status: Existing
Year Built: 1986
% Leased: 72.1%
Owner Occupied: No
Owner Type: Developer/Owner-NTL
Tenancy: Multiple Tenant
Land Area: 5.93 AC
Zoning: Office
Parcel No: 46-028-99-0006-011
Parking: 1,600 free Surface Spaces are available

Lease

Total Available: 36,347 SF


Smallest Space: 2,023 SF
Max Contig: 18,460 SF
Space Use: Office
Rent/SF/Yr: $17.95
Expenses: 2013 Tax @ $0.75/sf; 2012 Ops @
$4.30/sf

Amenities

Atrium, Banking, Hotel, On Site Management, Property Manager on Site

Floor SF Avail Floor Contig Bldg Contig Rent/SF/Yr + Svs Occupancy Term Type
P 1st / Suite 100 4,243 4,243 4,243 $17.95/+elec Vacant Negotiable Direct
P 1st / Suite 160 13,644 13,644 13,644 $17.95/+elec Vacant Negotiable Direct

Building Notes

Building Characteristics
· A four-story office building with full-height glass atrium
· Insulated glass and EFIS exterior
· Dual lobbies North & South Building Renovations
· Dual building Core System (see plans) providing separate elevator banks Currently Underway:
and restrooms for both North and South lobbies · All new lobbies and atrium
· Two elevators per core · New entrances
· Two restrooms per core · Elevator cabs
· Floor-to-ceiling windows throughout · Restrooms
· Energy Recovery Ventilators (ERV) were installed in 2005, providing · HVAC upgrades
constant fresh air mix and efficient cooling during in-between seasons of · New parking lot and exterior landscaping
Spring and Fall, as well as variable frequency drives for maximum · Exterior sealing and painting
operating efficiency
· Four stairwells providing easy access between floors for larger users

Building Renovations

This copyrighted report contains research licensed to Distinguished Partners - 279561.


Cummings, McClorey,
Rentable Area Lease Term Commencement Date Expiration Date
Davis & Acho, P.L.C.
13,644 SF 120 months 01/01/0015 12/31/2024
Laurel Park Building II
INTERNAL ANALYSIS TI Allowance Building Class Lease Structure Total Deal Cost
17187 N Laurel Park, Suite 160 $30.00 per RSF Class A Full Service $2,535,817
Livonia, MI 48152
NPV of Total Cost @ 8.0%
$1,677,240

Key Lease Metrics 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Months in Period 12 12 12 12 12 12 12 12 12 12

Base Rent per RSF 18.58 5.83 18.00 18.50 19.00 19.50 20.00 20.50 21.00 21.50 22.00

Expenses per RSF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Cost per RSF 18.59 5.83 18.00 18.50 19.00 19.50 20.00 20.50 21.00 21.50 22.00
Average Monthly 21,132 6,633 20,467 21,036 21,605 22,174 22,743 23,312 23,881 24,450 25,019
Cost

Per Annum Total 253,582 79,590 245,599 252,428 259,256 266,085 272,914 279,743 286,572 293,401 300,229

Cumulative Total 79,590 325,189 577,616 836,873 1,102,958 1,375,872 1,655,615 1,942,187 2,235,588 2,535,817

Annual Financial Detail 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Base Rent 269,469 238,770 245,592 252,414 259,236 266,058 272,880 279,702 286,524 293,346 300,168

Rent Abatement (15,918) (159,180)

Total Rent 253,551 79,590 245,592 252,414 259,236 266,058 272,880 279,702 286,524 293,346 300,168

Expenses

Over Base Year Stop 31 7 14 20 27 34 41 48 55 61

Total Expenses 31 7 14 20 27 34 41 48 55 61

Expenses and Credits 0 1 2 3 4 5 6 7 8 9 10

Landlord Credits

TI Allowance (409,320)

Tenant Cash Outlay

Buildout Expense 409,320

Total Expenses & Credits


OFFICE FOR LEASE

Town Center - Southfield Town Center


2000 Town Center
Southfield, MI 48075

Structure

Building Type: Office


Class: A
RBA: 556,723 SF
Typical Floor: 18,562 SF
Stories: 28
Building Status: Existing
Year Built: 1986
% Leased: 78.6%
Owner Occupied: No
Owner Type: Developer/Owner-NTL
Tenancy: Multiple Tenant
Land Area: 8.47 AC
Zoning: RC
Parcel No: 24-22-426-026
Parking: 1,770 free Covered Spaces are available
90 free Surface Spaces are available
Free Reserved Spaces
Ratio of 3.34/1,000 SF

Lease

Total Available: 143,314 SF


Smallest Space: 100 SF
Max Contig: 63,291 SF
Space Use: Office
Rent/SF/Yr: $22.75
Expenses: 2012 Tax @ $3.08/sf

Amenities

Atrium, Banking, Conferencing Facility, Fitness Center, Hotel, Mail Room, On Site Management, Property Manager on Site, Restaurant, Storage
Units
Floor SF Avail Floor Contig Bldg Contig Rent/SF/Yr + Svs Occupancy Term Type
P 16th / Suite 1600 10,650 10,650 10,650 $22.75/+elec Negotiable Negotiable Direct
P 16th / Suite 1625 3,939 3,939 3,939 $22.75/+elec Vacant 5 yrs Direct
7 Offices, Training Room, Open Area
Building Notes
With its two-story, polished granite lobby and indoor tropical garden, Southfield's elegant bronze and gold Town Center is an architectural wonder -
a city within a city. The 28-story office building is part of the prestigious 30-acre Southfield Town Center, one of the most desirable business
addresses in the community. In 2005 it was voted, 'Building of the Year,' and in 2006 it was named, 'Renovated Building of the Year,' as millions of
dollars in renovations have recently taken place. The garden atrium has been enhanced to create a 'rainforest' effect, which will also allow for
additional seating when the new cafe opens in late fall. Other amenities include the private Skyline Club on the 28th floor, we're adjacent to the
Westin Hotel (we get a discounted rate!) Nielson's Fitness Center, a florist, hair salon, electronic store, daycare center, 24/7 manned security and
ample free covered parking. The center is 30 minutes from downtown Detroit and the Detroit Metro Airport. The success of Town Center is due in
part to its very central location. Town Center is located in 'the mixing bowl,' which means all major expressways intersect here, making the location
convenient for clients and guests. 2000 Town Center is one of four high-rise buildings which comprise Southfield Town Center. Clients can walk
from tower to tower without going outside. This provides the perfect venue to visit a business partner in the complex, step out to lunch (without
going outside), pick up your dry cleaning, do your banking, take an hour to exercise at the private health club, or to just 'chill out' in the lush garden
atrium. Neighboring venues include the Southfield court system, library, recreational services, and plenty of retail shopping. Our well appointed
reception area and the view from the 19th floor out of our Great Lakes Room (seating for 12) make the first impression of our center simply,
'WOW!' On a clear day we can see downtown Detroit and even our sister centers in Troy, MI. Town Center also boasts our St. Clair Room, offers
videoconferencing, networked copiers, and a professional administrative support staff with over 30+ years of combined experience. We all whistle
while we work at Town Center!
videoconferencing, networked copiers, and a professional administrative support staff with over 30+ years of combined experience. We all whistle

This copyrighted report contains research licensed to Distinguished Partners - 279561.


Cummings, McClorey,
Rentable Area Lease Term Commencement Date Expiration Date
Davis & Acho, P.L.C.
14,589 SF 120 months 01/01/0015 12/31/2024
2000 Town Center
INTERNAL ANALYSIS TI Allowance Building Class Lease Structure Total Deal Cost
2000 Town Center, Suite 1625 $25.00 per RSF Class AA Full Service $3,106,570
Southfield, MI 48075
NPV of Total Cost @ 8.0%
$2,056,952

Key Lease Metrics 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Months in Period 12 12 12 12 12 12 12 12 12 12

Base Rent per RSF 21.29 3.67 22.25 22.50 22.75 23.00 23.25 23.50 23.75 24.00 24.25

Expenses per RSF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Cost per RSF 21.29 3.67 22.25 22.50 22.75 23.00 23.25 23.50 23.75 24.00 24.25
Average Monthly 25,888 4,458 27,051 27,356 27,660 27,965 28,269 28,574 28,878 29,183 29,487
Cost

Per Annum Total 310,657 53,493 324,613 328,267 331,922 335,576 339,231 342,885 346,540 350,194 353,849

Cumulative Total 53,493 378,106 706,373 1,038,294 1,373,870 1,713,101 2,055,986 2,402,526 2,752,721 3,106,570

Annual Financial Detail 1 2 3 4 5 6 7 8 9 10

Period Ending Average 01/0016 01/0017 01/0018 01/0019 01/0020 01/0021 01/0022 01/0023 01/0024 01/0025

Base Rent 337,371 320,958 324,605 328,253 331,900 335,547 339,194 342,842 346,489 350,136 353,783

Rent Abatement (26,747) (267,465)

Total Rent 310,624 53,493 324,605 328,253 331,900 335,547 339,194 342,842 346,489 350,136 353,783

Expenses

Over Base Year Stop 33 7 15 22 29 36 44 51 58 66

Total Expenses 33 7 15 22 29 36 44 51 58 66

Expenses and Credits 0 1 2 3 4 5 6 7 8 9 10

Landlord Credits

TI Allowance (364,725)

Tenant Cash Outlay

Buildout Expense 364,725

Total Expenses & Credits