2010 Demographics

1-mi 3-mi 5-mi

Population 4,430 39,350 107,141

Households 1,745 14,638 39,477

Avg. Inc. $87,695 $81,672 $70,571

Individual Member

“Call me today for detailed information

and a confidential

preview of this

Property.” - Rusty

THIS PREMIERE PROPERTY IS

LOCATED IN CENTRAL RICH-

LAND. IT IS ONE OF THE NEW-

ER BUILDINGS IN RICHLAND.

INTERIOR FINISHES INCLUDE

POLISHED MARBLE FLOORS

AND CHERRY WOODWORK ON

THE MAIN FLOOR. THE AN-

CHOR TENANT IS COMMUNITY

FIRST BANK, ON THE MAIN

FLOOR, WITH A DRIVE-UP WIN-

DOW. RUSTY MORSE (509)

737-3021 OFC. OR (509)

438-9865 CELL

Coldwell Banker Commercial / Tomlinson Associated Brokers

FOR SALE: 1060 Jadwin Ave. / Richland, WA.

J A D W I N P R O F E S S I O N A L B L D G .

$4,650,000

E. A. ’Rusty’ Morse, CCIM

8836 W. Gage Blvd.

Suite 201-B

Kennewick, WA 99336

www.RustyMorse.com

Phone: 509.737.3021 Direct

Fax: 509.737.3070

E-mail:rmorse@cbcworldwide.com

Class ‘A’ Professional Office Building

A 30,858 Gross sq. ft. Class ‘A’ 3-story brick

bldg.(incl. bsmt.)

Fire protection & mon-

itored security.

Tremendous value for

a first class building.

Details: This fine build-

ing was constructed in

2005. Tenancies are typi-

cally full-service leases,

with Oper. Exp. approx.

$6.52 PSF. The basement

is partitioned for storage &

serviced by the elevator.

CURRENT TENANCIES

Tenant

Commenced Terminates Square Foot

Leased

Current Base Rate Per

Sq. Ft

Annually

Community First

Bank

1st Floor

1/1/2016 12/31/2020 3,027 $24.50 - Net

Greg Dow Law

Firm

1st Floor

5/1/2006 4/30/2014

Mo-to-Mo

950 $22.00 - Net

Jerry D. Abrams

Co. (Owner)

1st Floor

TBD TBD 1,791

$20.00 - Net

Vacant

2nd Floor

3,661 $20.00 - Net

Kadlec Admin.

2nd Floor

4/5/2016 Mo-to-Mo 1,228 $31.00 - F/S

Vacant

2nd Floor

836 $20.00 - Net

Edward Jones

3rd Floor

8/1/2012 7/31/2017 1,212 $30.69 - F/S

Kadlec Clinic

Administration

3rd Floor

8-1-2012 7-31-2017 4,172 $31/30— F/S

Vacant

3rd Floor

2,191 $20.00 - Net

Note: Basement rentable square footage is 5,478 square feet, and is offered at $8.00 per sq. ft. GROSS.

PRO-FORMA INVESTMENT ANALYSIS

* ASSUMES STABILIZED INCOME *

Property: 1060 JADWIN AVENUE - RICHLAND, WA

Building Size: 30,858 Gross SF 24,766 NRSF

Land Size (Acres): 1.08

Price: $ 4,650,000.00

Income & Expense Capitalization Rate: 8.07%

*PRO-FORMA* Price Per Foot: $ 150.69

Dn. Pmt.

Proposed New Loan: 25.00% 75.00% LTV $ 3,487,500.00

Interest Rate 4.25%

Amortization (Years) 20

Loan Fees: 0.70% $ 24,412.50

Total Annual Payment - Principal & Interest: ($259,149.63)

Income Per Sq. Ft. Annual $ Amount

ScheduledAnnual GROSS Rent $ 24.50 (Blended) $ 606,767.00

Less: Vacancy @ 5.00% $ (30,338.35)

Equals: Effective Gross Income $ 576,428.65

Less Operating Expenses: Per Gross S/F Annual $ Amount

Property Taxes $ (1.87) $ (46,336.00)

Insurance $ (0.36) $ (8,865.00)

Electric $ (0.50) $ (12,500.00)

HVAC Maint/Repair $ (0.97) $ (24,000.00)

Water & Sewer $ (0.21) $ (5,200.00)

Garbage Disposal $ (0.15) $ (3,660.00)

Gas & Oil $ (0.57) $ (14,016.00)

Elevator $ (0.31) $ (7,560.00)

Repairs & Maintenance $ (1.05) $ (26,051.00)

Snow Removal $ (0.07) $ (1,800.00)

Landscaping $ (0.22) $ (5,380.00)

Parking Lot maint. $ (0.15) $ (3,600.00)

Janitorial $ (0.85) $ (21,000.00)

Licenses/Fees/Permits $ (0.06) $ (1,500.00)

Advertising/Promo $ (0.10) $ (2,400.00)

Management (As % of EGI): 3.0% $ (0.70) $ (17,292.86)

Totals: $ (6.52) $ (201,160.96)

Total Operating Expenses: $ (201,160.96)

Net Operating Income: $ 375,267.69

Leveraged Return Calculations:

Equity Requirement: $ 1,188,656.25

Debt Coverage Ratio: 1.45

Net Operating Income: $ 375,267.69

Less: Total Annual Debt Service $ (259,149.63)

Equals: Pre-tax Cash Flow $ 116,118.17

Pre-Taxed Leveraged Cash-on-Cash Return 9.78%

Plus: Principal Pay-down Year 1 $ 113,117.43

Equals: Cash Flow Including Pay-down $ 229,235.60

Yield After Principal Reduction: 19.31%

VIEW FROM THE SOUTH

VIEW FROM NORTHWEST

Aerial View from South

Typical Floor Plan (2nd & 3rd)

1060 Jadwin Avenue

Richland, WA

Tri-Cities, WA:

Kennewick, Pasco &

Richland.

S/E corner of

Washington State.

LOCATION AND VICINITY MAP