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DESCRIPTION OF IMPROVEMENTS <br /> GENERAL DESCRIPTION OF THE SUBJECT: <br /> The subject improvements consist of a masonry, one and two story office/warehouse/shop <br /> building containing a gross area of 45,000 square feet. The ground floor measures 125 x 280 feet <br /> and contains 35,000 square feet of which 6,400 square feet are leased to the White Bear Lake School <br /> District for office and classroom use. The second floor which is accessed by an elevator and two <br /> stairwells, contains 10,000 square feet of good quality office space. This area includes 15 offices, <br /> 2 conference rooms, a kitchen, a lounge, several storage rooms, 3 reception areas, 5 private <br /> bathrooms and 3 ADA restrooms. <br /> BUILDING LAYOUT: 16,400 square feet-office (36%) <br /> 28,600 square feet- shop/warehouse <br /> TOTAL: 45,000 square feet <br /> GROSS <br /> BUILDING AREA: 45,000 Square Feet <br /> NET RENTABLE <br /> AREA: 45,000 Square Feet <br /> BUILT/AGE: 2006 <br /> EFFECTIVE AGE: 2 years (limited depreciation) <br /> WALL HEIGHTS: Office is 9 feet; maximum shop/warehouse is 22 feet. <br /> FOUNDATION: Concrete <br /> FRAME: 12 inch tilt up prestressed concrete panels. <br /> FLOOR STRUCTURE: Concrete slab on ground level and prestressed or poured concrete over <br /> corrugated steel on second floor <br /> FLOOR COVER: Carpet in office and ceramic in restrooms <br /> ROOF STRUCTURE: Steel bar joists with corrugated steel overlay <br /> ROOF COVER: White E.P.D.M. membrane <br /> CEILING COVER: Acoustical tile in office areas; drywall in restrooms <br /> INTERIOR <br /> CONSTRUCTION: 5/8 gypsum board on metal studs in finished areas; double wall <br /> between leased space and shop/warehouse; exposed concrete panels <br /> in shop/warehouse area. Finished areas have acoustical tile and <br /> florescent lighting <br /> 22 <br />