MOBILE MARKET WATCH Mitchell College of Business Center for Real Estate Studies Office Properties: Baldwin and Mobile For Lease and For Sale “Data you can use.” “Education you can use.” Mitchell College of Business Center for Real Estate Studies Winter, 2006 USA takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represents that its use would not infringe on privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA. 1 of 33 OFFICE PROPERTY: BALDWIN AND MOBILE For Lease and For Sale Table of Contents Introduction Interesting Facts Table 1. 1990-2006 Baldwin Employment 1990-2006 Mobile Employment Table 2. 2006 Spring/Summer Asking Lease Rate per S.F. by Zipcode Table 3. 2006 Spring/Summer Calculated Vacancy Rate by Zipcode Selective statistics Table 4. 2006 Spring/Summer Total Market of Office Properties Advertised for Lease Table 5. 2006 Spring/Summer Advertised Sales Price per S.F. by Zipcode Table 6. 2006 Spring/Summer Calculated Sales Price per S.F. by Zipcode Table 7. 2006 Spring/Summer Masterfile of Office Properties Advertised for Sale Appendix List of Zipcodes USA takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represents that its use would not infringe on privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA. 2 of 33 Introduction This represents the first report on commercial properties by the Center for Real Estate Studies. Entitled “Office Properties: Baldwin and Mobile,” it includes interesting statistics for the Spring and Summer, 2006. Readers should remember that the data covers advertised “for lease” and “for sale” data only. Final sale information is excluded. Special thanks goes to the Commercial Property Directory, Birmingham, for providing useful data. Other sources include the CCIMnet, Loopnet, Alabama Power, Economic Development Partnership Alliance, and the Center for Real Estate Studies. Look for additional future reports covering Industrial and Retail property. For additional information, contact Don Epley, Director, Center for Real Estate Studies, 251.460.6735 or depley@usouthal.edu. 3 of 33 Interesting Facts 2006 Advertised Office For Lease: total properties included 156 asking lease rate per s.f. median $12.00 on 141 buildings reporting building s.f. median 8,375 on 84 buildings reporting total building s.f. 2,639,679 on 84 buildings reporting total available s.f. 1,497,083 on 132 buildings reporting available s.f. median 5,900 on 132 buildings reporting 2006 Advertised Office For Sale: total properties included 96 sale price median $497,000 on 92 buildings reporting building s.f. median 7,350 on 52 buildings reporting sales price per bldg. s.f. median $93.33 on 52 buildings reporting site s.f. median 34,352.50 on 40 sites reporting sales price per site s.f. median $14.81 on 40 sites reporting Note: This data covers only properties advertised for lease and for sale as an indication of current market activity. They do not represent the total inventory. For example, the “building s.f.” represents only buildings that are advertised with available space. Owner-occupied property is excluded, also. 4 of 33 MARKET WATCH Table 1. 1990-2006 Baldwin Employment by Quarter Nonag Year 1990 1995 2000 2005 2006 Quarter 1 1 1 1 2 3 4 1 2 3 4 113,882 134,736 148,472 166,341 176,488 178,094 174,718 175,217 185,005 187,140 184,279 Nat'l Res Mining, Const 7,741 10,381 11,723 14,469 15,722 16,126 17,050 17,020 18,175 18,520 18,425 Mfg 18,001 17,537 17,567 16,411 16,231 15,694 15,634 15,959 15,846 15,365 15,506 Trad, Tran Ware, Util 27,025 30,558 33,166 38,870 40,785 41,063 40,782 40,721 41,485 42,979 43,263 Info FiAct ProBA EdHS 1,275 1,464 1,842 1,599 1,704 1,822 1,759 1,844 1,895 1,962 1,921 5,793 7,124 8,051 9,921 10,767 11,198 10,974 10,779 11,547 11,742 11,570 12,573 13,474 13,915 12,951 13,614 14,858 15,358 14,585 15,708 15,726 17,114 19,676 19,496 19,749 20,015 20,169 FiAct ProBA EdHS Leisure Hospitality 22,493 27,007 27,497 23,924 23,469 28,097 27,935 24,674 Other Services 8,029 8,398 8,468 8,209 8,151 8,561 8,854 8,604 Gov 19,519 23,081 24,469 26,268 26,674 25,197 23,759 24,164 24,792 24,410 25,562 1990-2006 Mobile Employment by Quarter Nonag Year Quarter 1990 1 1995 1 2000 1 2005 1 2 3 4 2006 1 2 3 4 401.1 474.5 528.5 516.8 527.1 524.2 538.8 534.7 538.4 537.5 547.1 Nat'l Res Mining,Const 27.4 36.8 41.6 40.2 41.9 42.6 45.7 45.2 43.8 43.5 44.7 Mfg 59.5 58.0 57.8 43.0 43.5 43.6 42.7 43.7 44.6 46.4 46.4 Trad,Tran Ware, Util 98.0 110.7 121.1 114.1 115.7 116.1 119.1 117.4 118.8 120.4 122.8 Info 6.9 7.8 9.9 7.5 7.7 7.8 7.8 8.1 8.1 8.1 8.1 18.7 22.8 25.8 28.0 28.2 28.8 33.6 29.1 29.0 29.1 29.5 34.5 47.6 62.7 65.2 67.9 67.4 66.7 67.0 66.8 66.3 66.2 40.9 51.9 57.2 62.8 65.0 64.9 65.8 65.7 68.0 67.6 68.7 Leisure Other Hospitality Services 26.7 21.9 34.6 26.6 39.3 31.0 44.4 28.4 45.5 28.0 44.5 27.2 46.1 27.9 46.8 28.1 48.0 28.2 47.0 28.2 46.9 29.3 Gov 66.6 77.7 82.1 83.2 83.7 81.3 83.4 83.6 83.1 80.9 84.5 5 of 33 Mobile County Zip Code 36505 36509 36512 36521 36522 36523 36525 36528 36541 36544 36560 36568 36571 36572 36575 36582 36587 36590 36601 36602 36603 36604 36605 36606 36607 36608 36609 36610 36611 36612 36613 36615 36616 36617 36618 36619 36621 36622 36625 36628 36630 36633 36640 36641 36644 36652 36660 36663 City Axis Bayou La Batre Bucks Chunchula Citronelle Coden Creola Dauphin Island Grand Bay Irvington Mount Vernon Saint Elmo Saraland Satsuma Semmes Theodore Wilmer Theodore Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Eight Mile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile State AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL Area Code 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 6 of 33 36670 36671 36675 36685 36688 36689 36690 36691 36693 36695 Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile Mobile AL AL AL AL AL AL AL AL AL AL 251 251 251 251 251 251 251 251 251 251 58 in total Source: www.getzips.com 7 of 33 City of Mobile ZIP CODES 36571 36572 43 36613 36611 36575 36612 36610 36618 36617 36603 36607 36608 36602 36606 36604 36603 36609 36695 36615 36693 36605 36619 ZIP CODE BOUNDARY MOBILE CITY LIMITS 98 36582 0 1 2 Miles City of Mobile GIS / April, 2004 8 of 33 Baldwin County Zip Code 36507 36511 36526 36527 36530 36532 36533 36535 36536 36542 36547 36549 36550 36551 36555 36559 36561 36562 36564 36567 36574 36576 36577 36578 36579 36580 26 in total City Bay Minette Bon Secour Daphne Spanish Fort Elberta Fairhope Fairhope Foley Foley Gulf Shores Gulf Shores Lillian Little River Loxley Magnolia Springs Montrose Orange Beach Perdido Point Clear Robertsdale Seminole Silverhill Spanish Fort Stapleton Stockton Summerdale State AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL AL Area Code 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 Source: www.getzips.com 9 of 33 Table 2. MARKET WATCH 2006 Spring/Summer Office Properties Mobile and Baldwin* Advertised For Lease Asking Lease Rate per S.F. by Zipcode property number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 zipcode number 36526 36526 36526 36526 36526 36526 36527 36532 36532 36532 36532 36532 36532 36532 36535 36535 36547 36559 36571 36571 36571 36571 36572 36575 36582 36582 36582 36582 36582 36582 36582 36582 36582 36582 36601 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 ask lease s.f. total advertised s.f. dollars number 12.00 12.00 10,000 7,440 7.00 8.00 108.00 12.00 16.50 10.00 4,300 13.50 2,050 12.00 1,900 12.00 4,824 5.00 4,000 10.00 18.00 12.00 200.00 12.00 1,200 2.80 3,000 9.00 6,000 15.00 8,750 12.00 11.00 18.00 11,200 3.00 22,000 8.00 14,000 6.00 7,900 7,500 12.00 8.40 7.50 10.86 10.00 10.00 7,500 11.50 10.50 12.00 14.00 282,745 13.50 93,000 14.00 12,132 9.00 92,500 1.50 7,300 16.00 105,226 16.00 16,000 12.00 5,000 16.00 172,853 10 of 33 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36603 36604 36604 36604 36604 36604 36604 36604 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36607 36607 36608 36608 36608 36608 36608 36608 36608 36608 36608 36608 36608 36608 36608 14.00 9.00 10.00 3.00 13.00 9.00 8.00 12.50 4.28 4.00 0.51 1.13 1.84 12.00 4.00 13.50 14.00 15.00 13.00 5.50 10.00 3.50 1.67 23.00 10.00 14.00 8.00 6.00 15.00 14.00 16.50 4.20 13.50 15.00 15.25 15.00 11.00 7.50 13.00 16.50 10.50 13.50 13.00 14.00 17.00 5.50 6.67 12.00 5.00 12.00 10.00 9.00 22,000 22,000 2,745 8,000 8,000 4,200 3,600 4,950 850 900 3,806 6,000 32,160 33,400 1,750 14,080 5,000 2,000 52,273 9,000 117,565 60,000 6,000 71,677 3,380 80,000 71,677 72,000 11,200 20,000 90,000 13.00 9.50 7.50 11 of 33 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 36608 36608 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36611 36613 36618 36619 36619 36693 36693 36693 36695 36695 36695 36695 36695 36695 median properties reporting 12.50 8.00 12.00 12.00 13.50 3,800 4,000 3,800 127,766 7,336 1,400 23,000 53,000 21,000 95,656 11.31 11.50 18.00 9.00 12.00 13.00 14.00 11.00 16.00 13.50 16.00 16.00 13.00 12.00 10.20 12.00 16.00 13.00 6.92 12.00 11.00 12.00 16.00 2,657 174,321 71,077 42,650 99,616 55,944 13.00 13.00 12.00 12.00 4.00 15,000 4,885 12.00 3,000 1,800 6,000 900 12.00 11.33 11.00 12.00 11.21 10.00 7,500 6,000 29,070 15,000 10.00 10.00 12.00 141 12,968 8,375 84 12 of 33 MARKET WATCH Table 3. 2006 Spring/Summer Office Properties Mobile and Baldwin* Advertised For Lease Calculated Vacancy Rate by Zipcode property number 1 2 3 4 5 6 zipcode number 36526 36526 36526 36526 36526 36526 7 36527 8 9 10 11 12 13 14 36532 36532 36532 36532 36532 36532 36532 15 16 36535 36535 17 36547 18 36559 1,200 19 20 21 22 36571 36571 36571 36571 3,000 6,000 8,750 23 36572 24 36575 25 26 27 28 29 30 31 32 33 34 36582 36582 36582 36582 36582 36582 36582 36582 36582 36582 11,200 22,000 14,000 7,900 7,500 35 36601 7,500 36 37 38 39 40 41 42 43 44 45 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 total advertised s.f. number 10,000 7,440 advertised avail s.f. calculated vacancy rate number % 7,700 3,297 33.00 2,813 600 4,300 2,050 1,900 4,824 4,000 5,500 4,300 2,050 1,900 4,824 4,000 12,500 100.00 100.00 100.00 100.00 100.00 40,000 2,600 1,200 100.00 6,000 5,250 600 100.00 60.00 1,500 3,300 22,000 6,600 5,000 7,500 8,000 5,000 100.00 47.10 63.30 100.00 2,400 8,000 282,745 93,000 12,132 92,500 7,300 105,226 16,000 1,850 24.70 3,690 3,800 35,469 40,000 12,132 92,500 7,300 12.50 43.00 100.00 100.00 100.00 11,000 68.80 13 of 33 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 36602 5,000 172,853 67 36603 68 69 70 71 72 73 74 36604 36604 36604 36604 36604 36604 36604 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 5,000 2,000 52,273 9,000 117,565 60,000 6,000 71,677 3,380 80,000 92 93 36607 36607 71,677 94 95 96 97 98 99 100 101 102 36608 36608 36608 36608 36608 36608 36608 36608 36608 22,000 22,000 2,745 8,000 8,000 4,200 3,600 4,950 850 900 3,806 6,000 18,560 62,632 4,000 6,500 22,000 2,745 8,000 4,000 3,300 4,200 3,600 4,950 850 900 3,806 10.70 29.50 100.00 100.00 100.00 50.00 100.00 100.00 100.00 100.00 100.00 100.00 1,768 12,132 10,551 4,690 26,447 32,160 33,400 1,750 14,080 7,000 32,160 100.00 1,750 17,600 2,400 1,700 100.00 5,000 100.00 6,000 11.50 10,200 6,000 71,677 17.00 100.00 100.00 7,800 32,660 1,100 3,168 1,600 17,738 14,649 1,800 9.80 15,000 10,680 20.90 17.00 5,410 72,000 11,200 20,000 90,000 11,000 1,500 1,400 15,000 10,000 13.40 75.00 11.10 1,400 14 of 33 103 104 105 106 107 108 36608 36608 36608 36608 36608 36608 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 36609 143 144 10,100 50,135 19,000 8,800 2,412 3,400 3,800 4,000 18,220 20,000 85,000 1,357 1,400 5,800 100.00 100.00 8.80 12.40 2,657 1,850 11,834 1,800 2,657 100.00 174,321 71,077 22,993 14,000 13.20 19.70 42,650 99,616 55,944 12,000 57,351 15,000 7,530 1,518 1,100 10,060 5,200 8,455 1,440 2,000 30,162 2,500 43,509 12,896 6,551 11,701 28.10 57.60 26.80 36611 15,000 9,800 65.30 36613 4,885 145 146 147 36618 36619 36619 3,000 1,800 1,450 3,000 100.00 148 149 150 36693 36693 36693 6,000 900 6,000 900 17,508 100.00 100.00 151 152 153 154 155 156 36695 36695 36695 36695 36695 36695 7,500 6,000 29,070 15,000 7,500 1,070 100.00 17.80 15,000 3,158 12,968 100.00 total median properties reporting 3,800 4,000 3,800 127,766 7,336 1,400 23,000 53,000 21,000 95,656 12,968 2,639,679 8,375.00 84 66.50 18.50 100.00 25.20 100.00 1,497,083 5,900.00 132 15 of 33 MARKET WATCH Table 4. 2006 Spring/Summer Office Properties Mobile and Baldwin* Total Market of Office Properties Advertised for Lease Mobile source id number date period months number 1 91 sp/su 1 92 sp/su date year zipcode bldg name year number name 2006 36571 1414 Celeste Rd 2006 36571 Bowdoin Square 1 3 1 3 1 1 1 1 1 1 3 3 95 113 96 143 48 49 50 51 52 53 128 132 sp/su September sp/su September sp/su sp/su sp/su sp/su sp/su sp/su September October 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 36571 36571 36572 36575 36582 36582 36582 36582 36582 36582 36582 36582 3 3 133 September 146 September 2006 2006 36582 36582 Industrial Parkway Center Atwell Finacial Center Karo's Alpha Village Office-Retail Plantation Square Port City Office Park Rangeline Road Rangeline Rd. - Lot 5 5973 U.S. Hwy 90 West Willard Rogers Office Complex Theodore Dawes 803 Government Condominiums 200 Government 3 Dauphin Street 3 Sisters Building AmSouth Bank Building Commerce Building 1 1 1 1 1 1 6 3 4 5 8 9 sp/su sp/su sp/su sp/su sp/su sp/su 2006 2006 2006 2006 2006 2006 36601 36602 36602 36602 36602 36602 1 1 1 1 1 1 11 13 14 15 16 17 sp/su sp/su sp/su sp/su sp/su sp/su 2006 2006 2006 2006 2006 2006 36602 36602 36602 36602 36602 36602 1 1 1 1 1 1 1 1 18 19 20 21 22 23 24 25 sp/su sp/su sp/su sp/su sp/su sp/su sp/su sp/su 2006 2006 2006 2006 2006 2006 2006 2006 36602 36602 36602 36602 36602 36602 36602 36602 1 1 26 sp/su 27 sp/su 2006 2006 36602 Two South Water Street 36602 8 South Conception Street Fort Conde Village Mobile Press Register Office Warehouse One St. Louis Centre Park Building Phillipi-Mastin House Riverview Plaza Office Building SouthTrust Bank Building St. Joseph Street Staples-Pake Building The Metzger Building The Taylor-Martino Bldg Tower on Ryan Park Twentieth Century College location address 1414 Celeste Rd 705 Highway 43 710 Industrial Parkway / Hwy 158 199 Shell Road 215 Hwy 43 7941 Moffet Rd. 5721 Highway 90 W 5833 LaRue Steiner Rd. Old Pascagoula Rd. 6140 Rangeline Road 4960 Rangeline Rd. Rangeline Rd. - Lot 5 5520 Business Pkwy, #1 5973 U.S. Hwy 90 West 6368 Three Notch Road 7251 Theodore Dawes Road 803 Government 200 Government 3 Dauphin Street One South Royal Street 107 St. Francis Building 118 North Royal Street S Royal Street & St. Emanuel St 304 Government Street 507 St. Louis St 1 St Louis Street 200 Dauphin Street 300 St. Francis Street 63 S. Royal Street 61 St. Joseph Street 201 St. Joseph Street 100 N. Royal Street 104-106 Dauphin Street 59 Saint Joseph Street 758 St. Michael Street 352 Government Street Two South Water Street, 4th floor 8 South Conception Street yr blt yr reno no. floors year year number prking number free 2005 2004 free 2005 1 1 1950 1991 2001 1982 free 1 2005 1905 2004 1965 1950 2001 2 free leased leased free free 1986 1850 2004 1986 1984 3 leased leased leased not available 1950 2001 free 16 of 33 total s.f. number 3,000 6,000 8,750 11,200 22,000 14,000 7,900 7,500 price s.f. avail s.f. smal cont lgst cont company dollars number number number name 2.80 Roberts Brothers, Inc. 9.00 6,000 3,000 6,000 Cummings & Associates, Inc. 15.00 12.00 11.00 18.00 5,250 600 1,500 3,300 3.00 8.00 6.00 22,000 6,600 5,000 7,500 8,000 5,000 12.00 8.40 7.50 1,500 1,050 1,800 4,500 4,000 2,800 10.86 10.00 2,400 8,000 1,850 282,745 93,000 10.00 11.50 10.50 12.00 14.00 13.50 12,132 92,500 7,300 105,226 16,000 5,000 172,853 7,500 1,500 1,850 900 agent name David Roberts, Jr Matt Cummings Merrill P. Thomas Co., Inc. John Delchamps 600 Coldwell Banker Commercial JME R Sheron Atwell 1,500 Saad & Vallas Realty Group, LLC Christie Amezquita 1,200 Saad & Vallas Realty Group, LLC Christie Amezquita Prudential Cooper & Co., Inc. CommAngela McArthur Prudential Cooper & Co., Inc. CommJimmie Few Delany Development Terry McKinney 3,900 Port City Realty Julie Marten 7,500 Saad & Vallas Realty Group, LLC Christie Amezquita 4,000 Saad & Vallas Realty Group, LLC Mike Austin Prudential Cooper & Co., Inc. Tony Cooper 2,800 Gleason and Associates Tommy Gleason camezquita@saad.com aminala@concentric.net jimmifew@prucooper.com terrym@delanyinc.net julie@portcityrealty.com camezquita@saad.com maustin@saad.com Christie Amezquita Christie Amezquita 1,850 Irvine Co. Inc. 6,400 Saad & Vallas Realty Group, LLC Watson Realty, Inc. 3,800 Peebles & Cameron, L.L.C. 7,922 John Toomey & Company, Inc. 8,227 Julius E. Marx Inc. S. Irvine Christie Amezquita Ralph Neal, III Allan Cameron, Jr John Toomey Michael McAleer sirvine@aol.com camezquita@saad.com WatsonRealtyInc@aol.com acameron@peeblesandcameron.com johntoomey@johntoomeycompany.com mikemarx@bellsouth.net acameron@peeblesandcameron.com jpeebles@peeblesandcameron.com jpeebles@peeblesandcameron.com johntoomey@johntoomeycompany.com Mwatkins@Helix-group.com jmcre@mindspring.com Kathy Hudson John Toomey John Peebles Marc Watkins Scotty Wells Scotty Wells Gordon Napper Marc Watkins khudson@riverviewplaza.net johntoomey@johntoomeycompany.com jpeebles@peeblesandcameron.com Mwatkins@Helix-group.com swells@peeblesandcameron.com swells@peeblesandcameron.com Gulfbelt@aol.com Mwatkins@Helix-group.com Ralph Neal, III Scotty Wells WatsonRealtyInc@aol.com swells@peeblesandcameron.com 1,900 506 1,500 14.00 9.00 1.50 16.00 16.00 12.00 12,132 92,500 7,300 2,000 92,500 7,300 11,000 1,200 800 3,100 Peebles & Cameron, L.L.C. Allan Cameron, Jr 92,500 Peebles & Cameron, L.L.C. John Peebles 7,300 Peebles & Cameron, L.L.C. John Peebles John Toomey & Company, Inc. John Toomey 6,000 Helix Properties, Inc. Marc Watkins 800 Joseph McClure Commercial Real E Joseph McClure, Jr 22,000 22,000 2,745 8,000 8,000 16.00 14.00 9.00 10.00 3.00 13.00 9.00 8.00 18,560 62,632 4,000 6,500 22,000 2,745 8,000 4,000 2,141 833 4,000 440 12,567 4,175 4,000 3,000 4,200 12.50 4.28 3,300 4,200 4,000 JohnDelchamps Saad & Vallas Realty Group, LLC Saad & Vallas Realty Group, LLC 3,690 3,800 35,469 40,000 925 email address davidroberts@robertsbrothers.com matt@cummingswhitespunner.com Riverview Plaza Office Building John Toomey & Company, Inc. Peebles & Cameron, L.L.C. Helix Properties, Inc. Peebles & Cameron, L.L.C. 1,820 Peebles & Cameron, L.L.C. 3,000 Gulfbelt Properties, Inc. 4,000 Helix Properties, Inc. Watson Realty, Inc. Peebles & Cameron, L.L.C. 17 of 33 1 1 3 35 sp/su 36 sp/su 121 October 2006 2006 2006 Downtown Mobile 36602 Office/Retail Downtown 36602 Retail/Apartments Former Blue Room 36602 House of Rips 36602 Former Subway St. Francis & 36602 Jackson Street 36602 The Rainbow Building 36602 110 N. Royal Street 3 2 2 1 1 1 1 125 154 155 32 1 2 7 October September September sp/su sp/su sp/su sp/su 2006 2006 2006 2006 2006 2006 2006 36602 36602 36602 36603 36604 36604 36604 1 1 1 1 1 1 1 1 1 1 1 1 1 1 3 3 3 3 3 3 3 1 3 1 10 12 33 34 37 38 39 40 41 42 43 44 46 47 111 114 116 124 137 138 144 45 141 60 sp/su sp/su sp/su sp/su sp/su sp/su sp/su sp/su sp/su sp/su sp/su sp/su sp/su sp/su September October October September October October September sp/su September sp/su 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 Historic Ft. Conde Village Two South Water Street 3 Dauphin Street Former Winn Dixi 1420 Government Street 1450 Center Street 959 Springhill Ave De Tonti Square 36604 Historic District 36604 Gardner Middlebrooks 36604 36604 Shoppes of Midtown 36606 722 Downtown Loop West 36606 Airport Boulevard 36606 CNI Center 36606 Heron Plaza 36606 Hilton Square 36606 Infirmary 65 36606 Midtown Park 36606 Office Mall 36606 Rent-A-Wreck 36606 Xanteí Center 36606 Office Mall South 36606 2058 Government Street 36606 Grand Historic Building 36606 3165 Midtown Park South 36606 Executive Center 36606 Hilton Square 36606 2152 Airport Blvd. 36607 Office Mall 36607 Ashland Station 36608 Beltline Hwy 300 St. Francis Street 167 Dauphin Street 110 N. Royal Street 200,206 S. Royal Street/ 160St. Emanuel Two South Water Street 3 Dauphin Street 6350 Cottage Hill Rd. 1420 Government Street 1450 Center Street 959 Springhill Ave 1 1 1 1 1 61 73 82 83 87 sp/su sp/su sp/su sp/su sp/su 2006 2006 2006 2006 2006 36608 36608 36608 36608 36608 261 N. Joachim Street 1119 Government Street 1365 Government Blvd. 1516 Government Street 722 Downtown Loop West 3920 Airport Boulevard 3280 Dauphin Street 2504 Dauphin Street 3103 Airport Blvd. 3290 Dauphin Street 75 Midtown Park 3100 Cottage Hill Rd. 2667 Government Blvd 2800 Dauphin Street 3100 Cottage Hill Rd. 2058 Government Street 2004 Airport Blvd. 3165 Midtown Park South 917 Western America Circle 3103 Airport Blvd. 2152 Airport Blvd. 3100 Cottage Hill Rd. 2540 Old Shell Road 851 S Beltlinhe Hway 41 West I-65 Service Road North 111 North Schillinger Rd. 3450 Pleasant Valley Rd. 5550 Old Shell Road 3720 Airport 1 89 sp/su 2006 1 28 sp/su 2006 1 29 sp/su 2006 1 1 30 sp/su 31 sp/su 2006 2006 Colonial Bank Centre Jensen Building Old Shell Road REX TV Yester Oaks 36608 Shopping Center 119 Dauphin 205 Dauphin Street 6 N Joachim Street 201 Dauphin Street Airport Blvd. At I-65 1925 1 ample 1966 2004 1988 2005 1 2 free 2 free free 1 free free free free 1978 1985 1980 free free free free free 7 2002 1978 1975 1975 1916 1976 1975 1 2 1 5 1980 11 ample free free 1997 1970 1997 1980 free free 1 1 free free 1991 18 of 33 3,600 4.00 3,600 3,600 3,600 Peebles & Cameron, L.L.C. Scotty Wells swells@peeblesandcameron.com 4,950 0.51 4,950 4,950 4,950 Peebles & Cameron, L.L.C. Scotty Wells swells@peeblesandcameron.com 850 900 1.13 1.84 850 900 850 900 850 Peebles & Cameron, L.L.C. 900 Peebles & Cameron, L.L.C. Scotty Wells Scotty Wells swells@peeblesandcameron.com swells@peeblesandcameron.com 3,806 6,000 12.00 4.00 13.50 3,806 1,500 2,306 Peebles & Cameron, L.L.C. Peebles & Cameron, L.L.C. John Toomey & Company, Inc. Scotty Wells Scotty Wells Dan Graney swells@peeblesandcameron.com swells@peeblesandcameron.com 14.00 15.00 13.00 5.50 10.00 3.50 12,132 10,551 4,690 26,447 7,000 32,160 2,000 3,225 7,000 4,332 33,400 3,100 Grubb & Ellis 7,251 Watson Realty, Inc. Watson Realty, Inc. The Mitchell Company, Inc. 7,000 Saad & Vallas Realty Group, LLC 27,828 Saad & Vallas Realty Group, LLC 33,400 Saad & Vallas Realty Group, LLC 1.67 23.00 10.00 14.00 8.00 6.00 15.00 1,750 17,600 2,400 1,700 5,000 1,750 17,600 880 1,700 5,000 1,750 17,600 1,500 1,700 5,000 6,000 150 4,000 14.00 16.50 4.20 13.50 10,200 6,000 71,677 1,433 1,150 6,000 400 8,600 10,200 6,000 12,000 15.00 14.50 - 16.00 15.00 11.00 7.50 13.00 16.50 10.50 71,677 13.50 13.00 14.00 7,800 32,660 1,100 3,168 1,600 17,738 14,649 1,800 15,000 10,680 5,410 7,800 7,800 21,459 1,100 188 458 4,747 7,418 450 1,000 5,410 32,160 33,400 1,750 14,080 5,000 2,000 52,273 9,000 117,565 60,000 6,000 71,677 3,380 80,000 72,000 1,768 20,000 17.00 5.50 6.67 12.00 5.00 11,000 1,500 1,400 15,000 1,000 11,000 1,500 1,400 5,000 90,000 12.00 10,000 2,500 11,200 Debra Price Ralph D. Neal Ralph D. Neal Ronnie Johnson Christie Amezquita Gregory Saad Christie Amezquita WatsonRealtyInc@aol.com WatsonRealtyInc@aol.com rjohnson@mitchellcompany.com camezquita@saad.com gregsaad@saad.com camezquita@saad.com ddexter@peeblesandcameron.com camezquita@saad.com aminala@concentric.net camezquita@saad.com Mwatkins@Helix-group.com marl4@cummingsassoc.com Tommygleasonjr@gleasonasscociates.com marl4@cummingsassoc.com johntoomey@johntoomeycompany.com camezquita@saad.com sheilashoub@robertsbrothers.com johntoomey@johntoomeycompany.com marl4@cummingsassoc.com brian@metcalfeco.com 8,000 3,180 5,410 Peebles & Cameron, L.L.C. David Dexter Saad & Vallas Realty Group, LLC Christie Amezquita Prudential Cooper & Co., Inc. CommAngela McArthur Saad & Vallas Realty Group, LLC Christie Amezquita Helix Properties, Inc. Marc Watkins Cummings & Associates, Inc. Marl Cummings IV Gleason and Associates, Inc. Tommy Gleason Jr. Cummings & Associates, Inc. Marl Cummings IV John Toomey & Company, Inc. John Toomey Saad & Vallas Realty Group, LLC Christie Amezquita Roberts Brothers, Inc. Sheila Shoub John Toomey & Company, Inc. John Toomey Cummings & Associates, Inc. Marl Cummings IV Metcalfe & Company, Inc. Brian Metcalfe Gardner Real Estate David Tippens Gleason and Associates Tommy Gleason Coldwell Banker Commercial JME R Chip Brown NAI Heggeman Realty Company Mitchum Jackson John Toomey & Company, Inc. Dan Graney John Toomey & Company, Inc. Dan Graney Saad & Vallas Realty Group, LLC Christie Amezquita Gleason and Associates, Inc. Tommy Gleason Jr. Saad & Vallas Realty Group, LLC Christie Amezquita Saad & Vallas Realty Group, LLC Christie Amezquita 4,000 11,000 1,500 1,400 15,000 The Mitchell Company, Inc. Alex Pate Heggeman Realty Co., Inc. Bernie Heggeman Prudential Cooper & Co., Inc. CommAngela McArthur Saad & Vallas Realty Group, LLC Christie Amezquita Metcalfe & Company, Inc. Adam Metcalfe apate@mitchellcompany.com bheggeman@heggeman.com aminala@concentric.net camezquita@saad.com adam@metcalfeco.com 10,000 Delany Development Terry McKinney Tommygleasonjr@gleasonasscociates.com camezquita@saad.com terrym@delanyinc.net 19 of 33 1 1 1 62 sp/su 63 sp/su 64 sp/su 2006 2006 2006 1 65 sp/su 2006 Yester Oaks Shopping Center 602 Azalea Rd. 4658 Airport Blvd. QMS Building - Building B QMS Building - Building A Former ARI Building Colonial Bank Centre Colonial Bank Centre 1181 Montlimar Drive 812 Downtown Blvd. Azalea Office Park B E & K Engineering Bel Air Park Cottage Hill 36609 Executive Park Suites 36609 36609 Cottage Crest Village Downtowner Corporate 36609 Center 1 1 1 1 1 66 67 70 71 74 sp/su sp/su sp/su sp/su sp/su 2006 2006 2006 2006 2006 36609 36609 36609 36609 36609 1 1 1 1 76 80 84 85 sp/su sp/su sp/su sp/su 2006 2006 2006 2006 36609 36609 36609 36609 1 1 3 3 3 3 3 86 88 110 112 115 117 119 sp/su sp/su September October October October October 2006 2006 2006 2006 2006 2006 2006 36609 36609 36609 36609 36609 36609 36609 3 3 3 3 3 126 127 130 131 134 October October October October August 2006 2006 2006 2006 2006 36609 36609 36609 36609 36609 3 3 3 135 October 136 October 139 October 2006 2006 2006 36609 36609 36609 3 142 October 2006 36609 2006 2006 2006 36611 36613 36618 1 3 3 3 3 3 2 2 1 1 1 1 1 1 1 1 90 118 120 122 123 129 152 153 55 56 57 58 59 sp/su October September October October September October October sp/su sp/su sp/su sp/su sp/su 93 sp/su 94 sp/su 75 sp/su 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 36608 36608 36608 36608 36608 36608 36608 36608 36609 36609 36609 36609 36609 Airport Blvd. At I-65 602 Azalea Rd. 4658 Airport Blvd. One Magnum Pass One Magnum Pass 262 Fur Street 41 North Beltline Highway 41 North Beltline Highway 1181 Montlimar Drive 812 Downtown Blvd. 572-578 Azalea Road 1020 Downtowner Blvd. 2970 Cottage Hill Road 720 Oak Circle Dr. E 4087 Cottage Hill Road 6345 Cottage Hill Rd. 1087 Downtowner Blvd. 4318 Downtowner Downtowner North Building loop North Executive Center Complex I 900 & 917 Western Americ Hillcrest Road 2521 Hillcrest Road Suite C Hillcrest Road 891 Hillcrest Road Luce Building 1400 Montlimar Drive Montlimar Place Office Park 1100 Montlimar Drive Office Mall 3100 Cottage Hill Rd. Paramount Center 1141 Montlimar Drive Paramount Center 1141 Montlimar Drive 851 East I-65 Service Rd. South Regions Bank Tower University Place 820 University Blvd. 618 Azalea Rd. Montlimar Place 1110 Montlimar Drive 1015 Montlimar 1015 Montlimar Drive Regency Office Park 5901 Airport Blvd. 4358 Midmost Dr. 4358 Midmost Dr. Virginia College Airport Blvd. Campus 5905 Airport Blvd. Montlimar Square 1015 C D Montlimar Drive 620 'A' Azalea Rd. 620 'A' Azalea Rd. Montlimar Place 1110 Montlimar Drive Azalea Road Two Office Park 851 East I-65 Service Rd. South Regions Bank Tower Gateway Center West 1201 Montlimar Drive University Place 820 University Blvd. Office Park (One, Two, and Three) 273 Azalea Rd. Chickasaw Shopping Center S. Craft Highway Eight Mile Shopping Center St. Stephens Road Moffet Road 3818 Moffett Road 1970 1990 1979 1975 1975 1989 1998 1990 1980 2006 2 ample 1 1 free free 1977 1980 1978 1992 2 1 free 2000 1980 1978 free 2003 free free 1986 1979 1999 free 1986 2000 free 1970 1985 1986 2004 10 1986 1985 1979 1 10 2 2 1 1985 1982 1986 1984 2 2 1 10 1970 1987 10 1968 5 free free ample 4/1000 s.f. 3.5/100 s.f. 4/1000 s.f. 4/100 s.f. 1995 free 20 of 33 10.00 9.00 6.72 - 10.00 13.00 9.50 7.50 127,766 12.50 8.00 12.00 12.00 13.50 1,400 10,100 50,135 19,000 8,800 2,412 3,400 3,800 4,000 18,220 20,000 85,000 7,336 1,400 23,000 11.31 11.50 1,357 1,400 5,800 53,000 18.00 21,000 95,656 9.00 12.00 13.00 14.00 11.00 1,850 11,834 1,800 2,657 750 188 3,500 16.00 13.50 16.00 16.00 22,993 14,000 410 400 12,000 750 13.00 12.00 10.20 12.00 16.00 13.00 6.92 57,351 15,000 7,530 1,518 1,100 10,060 5,200 607 1,230 12.00 11.00 12.00 16.00 8,455 1,440 2,000 30,162 2,500 13.00 13.00 12.00 3,800 4,000 3,800 2,657 174,321 71,077 42,650 99,616 55,944 15,000 4,885 1,500 3,600 8,800 1,375 1,375 8,800 1,100 396 4,000 4,461 500 60,000 103 1,400 2,300 Delany Development Grubb & Ellis KAT Realty Cummings & Associates, Inc. Cummings & Associates, Inc. NAI Heggeman Realty Company The Mitchell Company, Inc. The Mitchell Company, Inc. Gleason and Associates, Inc. Belk Development Company John Toomey & Company, Inc. Gleason and Associates, Inc. John Toomey & Company, Inc. Terry McKinney Debra Price Karen Tonsmeire Marl Cummings IV Marl Cummings IV Mitchum Jackson Alex Pate Alex Pate Tommy Gleason Jr. Judy Belk Dan Graney Tommy Gleason Jr. John Toomey 565 Prudential Cooper & Co., Inc. CommAngela McArthur 1,400 Prudential Cooper & Co., Inc. CommAngela McArthur 2,300 Julius E. Marx Inc. Michael McAleer Gleason and Associates, Inc. apate@mitchellcompany.com apate@mitchellcompany.com Tommygleasonjr@gleasonasscociates.com belkdevelopment@aol.com dgraney@johntoomeycompany.com Tommygleasonjr@gleasonasscociates.com johntoomey@johntoomeycompany.com aminala@concentric.net aminala@concentric.net mikemarx@bellsouth.net Tommy Gleason Jr. Tommygleasonjr@gleasonasscociates.com David Stein John Toomey Christie Amezquita Marl Cummings IV Bernie Heggeman Steininv@aol.com johntoomey@johntoomeycompany.com camezquita@saad.com marl4@cummingsassoc.com bheggeman@heggeman.com John Toomey Tommy Gleason Jr. Tommy Gleason Jr. Tommy Gleason Jr. johntoomey@johntoomeycompany.com Tommygleasonjr@gleasonasscociates.com Tommygleasonjr@gleasonasscociates.com Tommygleasonjr@gleasonasscociates.com 9,633 John Toomey & Company, Inc. 7,000 John Toomey & Company, Inc. Southland Capital Realty Grubb & Ellis Gleason and Associates 8,455 John Toomey & Company, Inc. John Toomey & Company, Inc. Jason Scott Jason Scott Todd Drummond Debra Price Tommy Gleason Dan Graney Dan Graney jscott@johntoomeycompany.com jscott@johntoomeycompany.com 430 250 John Toomey & Company, Inc. Gleason and Associates John Toomey & Company, Inc. 4,232 John Toomey & Company, Inc. 2,500 The Regus Group Network Dan Graney Tommy Gleason Dan Graney Dan Graney Regus Call Center 43,509 12,896 6,551 456 1,407 3,051 7,894 John Toomey & Company, Inc. 5,197 Grubb & Ellis 3,500 John Toomey & Company, Inc. Dan Graney Scotty Wells Dan Graney 12.00 11,701 324 5,097 John Toomey & Company, Inc. Dan Graney 4.00 9,800 2,000.00 1,450 Delany Development Cummings & Associates, Inc. 1,450 Peebles & Cameron, L.L.C. Terry McKinney Matt Cummings Scotty Wells 1,605 1,450 1,850 Stein Investments, Inc. 1,932 John Toomey & Company, Inc. 6,500 Saad & Vallas Realty Group, LLC Cummings & Associates, Inc. Heggeman Realty Co., Inc. terrym@delanyinc.net 3,904 John Toomey & Company, Inc. 7,529 Gleason and Associates, Inc. Gleason and Associates, Inc. 12,000 Gleason and Associates, Inc. terrym@delanyinc.net matt@cummingswhitespunner.com swells@peeblesandcameron.com 21 of 33 1 1 1 1 3 1 1 1 1 3 77 78 68 81 145 54 69 72 79 140 sp/su sp/su sp/su sp/su September sp/su sp/su sp/su sp/su October 2 151 October 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 36619 36619 36693 36693 36693 36695 36695 36695 36695 36695 Musical Dental Center Oak Ridge Plaza Shop Ctr Executive Park 5011 Government Street 4148 Oak Ridge Avenue 3233 Executive Park Cr. 4084-B Government Blvd. Henderson Place 5253 Hwy 90 W 1105 Hillcrest Road 1105 Hillcrest Road Hillcrest Road Office Space 1050 Hillcrest Rd. Ste C Hillcrest Square 1000 Hillcrest Road 1210 Hillcrest Rd. Hillcrest Square 1000 Hillcrest Road Former Cingular Wireless 36695 Regional Office 2070 Schillinger Road 2005 1 1 free 1992 2 1 Baldwin source 1 1 1 1 3 3 3 1 1 1 1 1 1 3 id number number 97 99 100 106 147 150 149 98 102 103 104 105 107 148 date period months sp/su sp/su sp/su sp/su September September September sp/su sp/su sp/su sp/su sp/su sp/su September 1 2 2 101 sp/su 156 October 157 September 1 108 sp/su date year zipcode bldg name year number name 2006 36526 Bay point 2006 36526 Center Point 2006 36526 Daphne 98 Office Park 2006 36526 Rand Ave 2006 36526 TK Office Complex 2006 36526 TK Office Park 2006 36527 Spanish Fort Plaza 2006 36532 Bon Aventure 2006 36532 2006 36532 Physicians Office 2006 36532 Plantation 2006 36532 Plantation 2006 36532 Taupeka Building 2006 36532 Taupeka Office Building Foley Beach 2006 36535 Express Center 2006 36535 S. Commercial Drive 2006 36547 East First Street 2006 36559 Montrose Plaza location address 27880 Main St. 28810 US Hwy 98 Highway 98 8722-A Rand Ave 1030 Stanton Rd. 1030 Stanton Rd. 6450 US Hwy 90 Cipriano Ct. 362 Commercial Park Drive 8076 Spring Run 909 Plantation Blvd. 915 Plantation Blvd. 807 Nichols Street 329 South Greeno Road yr blt yr reno no. floors year year number prking number free 1998 1998 1 2004 1997 1973 1970 2004 free 2 free 1 free free 1 free 1 Foley Beach Express 1313 S. Commercial Drive East First Street 23937 US Hwy 98 free 22 of 33 3,000 1,800 6,000 900 7,500 6,000 29,070 15,000 12,968 total s.f. number 10,000 7,440 4,300 2,050 1,900 4,824 4,000 1,200 12.00 3,000 1,500 12.00 11.33 11.00 12.00 11.21 10.00 6,000 900 17,508 7,500 1,070 3,000 10.00 15,000 3,158 10.00 12,968 1,000 2,500 1,070 1,012 3,000 Saad & Vallas Realty Group, LLC Christie Amezquita Peebles & Cameron, L.L.C. Scotty Wells 6,000 Saad & Vallas Realty Group, LLC Christie Amezquita Prudential Cooper & Co., Inc. CommTony Cooper 8,750 Saad & Vallas Realty Group, LLC Christie Amezquita 7,500 Betbeze Realty Co., Inc. Joey Betbeze 1,070 Prudential Cooper & Co., Inc. CommAngela McArthur 4,212 John Toomey & Company, Inc. John Toomey Prudential Cooper & Co., Inc. CommBob Cooper John Toomey & Company, Inc. Dan Graney The Mitchell Company, Inc. price s.f. avail s.f. smal cont lgst cont company dollars number number number name 12.00 7,700 1,800 7,700 Delany Development 12.00 3,297 1,440 3,297 Delany Development Cummings & Associates, Inc 7.00 2,813 Saad & Vallas Realty Group, LLC 8.00 600 400 2,100 Blum Real Estate 108.00 400 400 Blum Real Estate 12.00 620 60,000 Saad & Vallas Realty Group, LLC 16.50 5,500 1,400 4,100 Irvine Co Inc 10.00 4,300 Leatherbury Real Estate 13.50 2,050 Leatherbury Real Estate 12.00 1,900 1,900 Cunningham Foley & Barnes 12.00 4,824 1,000 Cunningham Foley & Barnes 5.00 4,000 4,000 4,000 Taupeka & Co., Inc. 10.00 12,500 Taupeka & Co., Inc. 18.00 12.00 200.00 40,000 2,600 300 1,300 12.00 1,200 1,200 Delany Development 2,000 Landel Realty, LLC 2,600 Watson Realty, Inc. Coldwell Banker Commercial 2,400 Suncoast camezquita@saad.com swells@peeblesandcameron.com camezquita@saad.com tonycooper@prucooper.com JoeyBetbeze@BetbezeRealty,com aminala@concentric.net johntoomey@johntoomeycompany.com bobcooper@prucooper.com Alex Pate apate@mitchellcompany.com agent name Terry McKinney Terry McKinney Matt Cummings Christie Amezquita Stephanie Herron Stephanie Herron Christie Amezquita Starke Irvine Rich Helm Rich Helm Joe Steen Joe Steen Mark Taupeka Mark Taupeka email address terrym@delanyinc.net terrym@delanyinc.net matt@cummingswhitespunner.com camezquita@saad.com Terry McKinney William W. Hyatt Ralph D. Neal terrym@delanyinc.net wwhyatt7@bellsouth.net WatsonRealtyInc@aol.com Cathy Taylor cathy-taylor@msn.com sirvine@aol.com noriscon@aol.com noriscon@aol.com Joesteen@aol.com Joesteen@aol.com mtaupeka@bellsouth.net 23 of 33 MARKET WATCH Table 5. 2006 Spring/Summer Office Properties Mobile and Baldwin* Advertised Sales Price per S.F. by Zipcode property zipcode number number 36507 36526 36526 36526 36526 36526 36526 36527 36532 36532 36532 36532 36532 36532 36532 36532 36532 36532 36535 36535 36535 36535 36542 36542 36542 36542 36542 36561 36575 36582 36582 36582 36582 36582 36582 36582 36602 36602 36602 36602 36602 36602 36602 36602 36602 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 advertised sales price dollars 339,900.00 450,000.00 450,000.00 219,900.00 1,875,000.00 1,975,000.00 850,000.00 419,900.00 525,000.00 575,000.00 425,000.00 2,000,000.00 2,350,000.00 2,600,000.00 1,150,000.00 2,830,000.00 275,000.00 352,000.00 775,000.00 650,000.00 395,000.00 122,500.00 2,250,000.00 275,000.00 395,000.00 615,000.00 850,000.00 99,500.00 99,500.00 572,000.00 350,000.00 850,000.00 499,000.00 1,096,000.00 550,000.00 625,000.00 200,000.00 180,000.00 300,000.00 1,150,000.00 275,000.00 395,000.00 360,000.00 advertised bldg. s.f. number 1,829.00 17,000.00 37,300.00 4,000.00 12,500.00 5,600.00 20,921.00 4,600.00 2,700.00 1,200.00 3,150.00 3,600.00 22,000.00 6,000.00 18,000.00 7,500.00 5,000.00 6,176 6,244.00 4,650.00 3,806.00 24 of 33 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 36603 36604 36604 36604 36604 36604 36604 36604 36605 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36608 36608 36609 36609 36609 36609 36609 36609 36616 36618 36618 36618 36619 36619 36693 36693 36693 36693 36695 36695 36695 36695 36695 36695 36695 36695 36695 36695 median properties reporting 279,000.00 1,500,000.00 699,000.00 3,000,000.00 1,300,000.00 2,350,000.00 800,000.00 1,400,000.00 465,000.00 400,000.00 195,750.00 325,000.00 257,500.00 450,000.00 129,900.00 1,200,000.00 5,760,000.00 9,600,000.00 495,000.00 550,000.00 6,909,500.00 1,000,000.00 650,000.00 1,350,000.00 485,000.00 269,900.00 79,200.00 1,250,000.00 4,916,855.00 245,000.00 200,000.00 225,000.00 275,000.00 3,410,000.00 300,000.00 649,000.00 350,000.00 285,000.00 495,000.00 750,000.00 1,272,000.00 1,525,000.00 247,000.00 149,000.00 5,005,675.00 1,900,000.00 379,900.00 289,000.00 295,000.00 497,000.00 92 2,531.00 18,000.00 70,000.00 7,200.00 15,000.00 3,554.00 950.00 10,089.00 71,677.00 125,105.00 9,060.00 9,470.00 55,276.00 15,000.00 25,200.00 7,700.00 2,120.00 70,000.00 40,776.00 5,000.00 11,615.00 3,400.00 3,000.00 4,357.00 6,750.00 1,685.00 1,944.00 34,981.00 34,000.00 8,000.00 2,500.00 21,780.00 7,350.00 52 25 of 33 MARKET WATCH Table 6. 2006 Spring/Summer Office Properties Mobile and Baldwin* Advertised For Sale Calculated Sales Price per S.F. by Zipcode property number 1 zipcode number 36507 sales price dollars 339,900.00 site s.f. number 11,250.00 2 3 4 5 6 7 36526 36526 36526 36526 36526 36526 219,900.00 1,875,000.00 1,975,000.00 100,188.00 8 36527 850,000.00 148,104.00 9 10 11 12 13 14 15 16 17 18 36532 36532 36532 36532 36532 36532 36532 36532 36532 36532 419,900.00 525,000.00 575,000.00 425,000.00 2,000,000.00 2,350,000.00 2,600,000.00 1,150,000.00 2,830,000.00 20,000.00 10,890.00 33,105.00 19 20 21 22 36535 36535 36535 36535 275,000.00 352,000.00 775,000.00 650,000.00 23,958.00 25,000.00 43,560.00 23 24 25 26 27 36542 36542 36542 36542 36542 395,000.00 122,500.00 2,250,000.00 275,000.00 395,000.00 bldg. s.f. number 1,829.00 450,000.00 450,000.00 28 36561 615,000.00 29 36575 850,000.00 30 31 32 33 34 35 36 36582 36582 36582 36582 36582 36582 36582 99,500.00 99,500.00 572,000.00 350,000.00 850,000.00 499,000.00 1,096,000.00 37 38 39 40 41 42 43 44 45 36602 36602 36602 36602 36602 36602 36602 36602 36602 550,000.00 625,000.00 200,000.00 180,000.00 300,000.00 1,150,000.00 275,000.00 395,000.00 360,000.00 46 36603 279,000.00 17,000.00 37,300.00 . . . . 110.29 52.95 . . . 6.90 . 52.95 4,000.00 212.50 5.74 12,500.00 5,600.00 20,921.00 . . . . . . . 208.00 205.36 135.27 . . . . . . . 130.00 105.60 85.49 4,600.00 2,700.00 . . 168.48 240.74 . 14.69 31.00 14.92 1,200.00 3,150.00 . . . 229.17 125.40 12.05 . . 24.44 . 3,600.00 170.83 . . 4.88 . . 26.00 58.33 47.22 66.53 219.20 . . 7.24 . 14.67 . 4.84 6,244.00 4,650.00 3,806.00 89.05 . . . . . 44.04 84.95 94.59 . . . . . . . 7417.84 . 2,531.00 110.23 . 31,852.00 32,775.00 11,250.00 174,240.00 79,000.00 57,934.00 226,512.00 22,000.00 6,000.00 18,000.00 7,500.00 5,000.00 6,176 53.25 calculated sales price calculated sales price per bldg s.f. per site s.f. dollars dollars 185.84 30.21 26 of 33 47 48 49 50 51 52 53 36604 36604 36604 36604 36604 36604 36604 1,500,000.00 699,000.00 3,000,000.00 1,300,000.00 2,350,000.00 800,000.00 1,400,000.00 102,366.00 300,000.00 105,850.00 54 36605 465,000.00 63,597.00 55 56 57 58 59 60 61 62 63 64 65 66 67 68 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 36606 400,000.00 195,750.00 325,000.00 257,500.00 450,000.00 129,900.00 1,200,000.00 5,760,000.00 9,600,000.00 495,000.00 550,000.00 6,909,500.00 69 70 36608 36608 1,000,000.00 650,000.00 71 72 73 74 75 76 36609 36609 36609 36609 36609 36609 1,350,000.00 485,000.00 269,900.00 79,200.00 1,250,000.00 4,916,855.00 77 36616 245,000.00 78 79 80 36618 36618 36618 200,000.00 225,000.00 275,000.00 81 82 36619 36619 3,410,000.00 300,000.00 83 84 85 86 36693 36693 36693 36693 649,000.00 350,000.00 285,000.00 495,000.00 87 88 89 90 91 92 93 94 95 96 36695 36695 36695 36695 36695 36695 36695 36695 36695 36695 750,000.00 1,272,000.00 1,525,000.00 247,000.00 149,000.00 5,005,675.00 1,900,000.00 379,900.00 289,000.00 295,000.00 median properties reporting median sales price per bldg s.f. median sales price per site s.f. 497,000.00 92 . . . 72.22 33.57 111.11 93.33 18,000.00 70,000.00 7,200.00 15,000.00 . . . . 22.96 2.67 13.23 7.31 3,554.00 950.00 10,089.00 71,677.00 125,105.00 9,060.00 9,470.00 55,276.00 126.62 136.74 118.94 80.36 76.74 54.64 58.08 125.00 . . . . . . . . 52.17 . 34.44 22.28 15.45 . 65,340.00 15,000.00 191,664.00 252,000.00 66.67 2.58 15.30 3.39 23,000.00 278,784.00 22,220.00 35,600.00 21,780.00 59,096.00 17,600.00 7,700.00 2,120.00 62.99 127.31 70,000.00 40,776.00 17.86 120.58 . 22.27 4.57 4.50 . . 5,000.00 49.00 . . . . 49,222.00 19,000.00 11,615.00 3,400.00 293.59 88.24 69.28 15.79 23,000.00 24,393.00 3,000.00 4,357.00 6,750.00 116.67 65.41 73.33 . . 12.39 20.29 20,000.00 22,776.00 116,305.00 601,128.00 126,324.00 21,780.00 34,352.50 40 1,685.00 1,944.00 34,981.00 34,000.00 8,000.00 2,500.00 21,780.00 . . . 12.35 6.54 43.04 3.16 3.01 . 13.54 146.59 76.65 143.10 55.88 47.49 115.60 13.54 . 7,350.00 52 93.33 14.81 27 of 33 MARKET WATCH Table 7. 2006 Spring/Summer Office Properties Mobile and Baldwin* Masterfile of Office Properties Advertised for Sale Mobile source id number number 3 76 1 17 1 18 date period date year zipcode bldg name months year number name September 2006 36575 4 + / - AC sp/su 2006 36582 Bellingrath Road sp/su 2006 36582 Bellingrath Road Office location address 2900 Schillinger Road 7000 Bellingrath Road 7000 Bellingrath Road historical space avail Y or N number sales price dollars 850,000.00 99,500.00 2,897.00 99,500.00 1 1 19 sp/su 20 sp/su 2006 2006 36582 36582 Willis Rd Office/Warehouse 5833 LaRue Steiner Rd. 5700 Willis Rd 3 3 3 1 1 1 1 1 1 1 3 3 3 3 1 1 1 59 87 97 57 2 3 6 7 8 9 71 84 94 60 1 4 5 October September October sp/su sp/su sp/su sp/su sp/su sp/su sp/su October October October October sp/su sp/su sp/su 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 36582 36582 36582 36595 36602 36602 36602 36602 36602 36602 36602 36602 36602 36603 36604 36604 36604 5445 Business ParkWay 5520 Business Parkway 1 & 2 8601 Old Pascagoula Road 6386 Three Notch Road 75 St. Michael Street 803 Government Street 505 St. Louis Street 662 Saint Louis Street 308 Saint Michael 651 Church Street 10 St. Emanuelle Street 462 Dauphin Street 300 St. Francis Street 263 Jackson St. 1509 Government Street 959 Springhill Avenue 1119 Government Street 550,000.00 625,000.00 200,000.00 180,000.00 300,000.00 11,280.00 1,150,000.00 275,000.00 395,000.00 360,000.00 279,000.00 31,750.00 1,500,000.00 33,400.00 699,000.00 3,000,000.00 1 3 3 3 3 1 1 1 1 1 1 3 10 69 70 95 82 11 12 13 14 15 16 64 sp/su October October October September sp/su sp/su sp/su sp/su sp/su sp/su September 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 36604 36604 36604 36604 36605 36606 36606 36606 36606 36606 36606 36606 959 Springhill Avenue 951 Government Street 110 LaFayette Street 911 Dauphin Street 2707 Dauphin Island Parkway 2480 Government Street 2764 Mauvilla Drive 722 Downtowner Loop West 3280 Dauphin Street 725 Executive Park Drive 1919 Dauphin Street 5 North Claiborne 32,000.00 1,300,000.00 2,350,000.00 800,000.00 1,400,000.00 465,000.00 400,000.00 3,784.00 195,750.00 5,000.00 325,000.00 52,273.00 3,200.00 8,700.00 257,500.00 450,000.00 Three Notch Road 75 St. Michael Street 803 Government Magna, Inc. Ripps Building Saint Michael SARPC St. Emanuel Street Former 426 Dauphin Street & G.T. Henry's Philippi-Mastin House 263 Jackson St. 1509 Government Street 959 Springhill Avenue Gardner Middlebrooks Springhill Avenue "The old protestant orphanage" Dauphin Island Parkway & Cedar Point Road 2480 Government Street 2764 Mauvilla Drive 722 Downtowner Loop West Dauphin 65 H&L Development Life Touch 5 North Claiborne 22,000.00 6,000.00 site s.f. number 174,240.00 572,000.00 350,000.00 79,000.00 850,000.00 499,000.00 1,096,000.00 1.33 5.20 6,176.00 7,500.00 1,600.00 29,500.00 Y 53.25 2.35 300,000.00 2.43 1.46 28 of 33 bldg. s.f. number company name remax Saad & Vallas Realty Group, LLC Saad & Vallas Realty Group, LLC Warehouse: 18,000.00 Office: 4,000.00 Prudential Cooper & Co., Inc. Commercial Division 6,000.00 Prudential Cooper & Co., Inc. Commercial Division 18,000.00; thereof: Warehouse: 16,000.00 Office: 2,228.00 Floored mezzanine: 1,574.00 Prudential Cooper & Co., Inc. 7,500.00 Prudential Cooper & Co., Inc. 5,000.00 Coldwell Banker Commercial JME Realty Saad & Vallas Realty Group, LLC 6,176 Cummings & Associates, Inc. 6,244.00 4,650.00 3,806.00 2,531.00 Peebles & Cameron, L.L.C. Heggeman Realty Co., Inc. Heggeman Realty Co., Inc. Peebles & Cameron, L.L.C. Cunningham, Foley & Barnes Grubb & Ellis Grubb & Ellis John Toomey & Company, Inc. Peebles & Cameron, L.L.C. Saad & Vallas Realty Group, LLC Saad & Vallas Realty Group, LLC Office Space: +/- 5,000.00 Warehouse: +/- 8,000.00 Retail Space: +/- 5,000.00 Saad & Vallas Realty Group, LLC 70,000.00 Prudential Cooper & Co., Inc. 7,200.00 Grubb & Ellis 15,000.00 John Toomey & Company, Inc. Cummings & Associates, Inc. The Mitchell Company, Inc. Betbeze Realty Co., Inc. Helix Properties, Inc. Gleason and Associates, Inc. Heggeman Realty Co., Inc. Metcalfe & Company, Inc. 3,554.00 NAI Heggeman Realty Company agent name Jack Howlett Mike Austin Tim Herrington maustin@saad.com therrington@saad.com Jimmie Few David Cooper jimmiefew@prucooper.com davidcooper@prucooper.com Tony Cooper Tony Cooper Don Parden Christie Amezquita Burton Clark John Peebles Bernie Heggeman Marietta Urquhart Allan Cameron, Jr LaSha Powell Debra Price Scotty Wells Dan Graney John Peebles Christie Amezquita Christie Amezquita Mike Austin Angela McArthur Debra Price Dan Graney Marl M. Cummings Ronnie Johnson Joey Betbeze Marc Watkins Tommy Gleason Jr. Bernie Heggeman Adam Metcalfe Mitchum Jackson email address telephone number 251-660 8400 251-639-4007 251-639-4007 251-554 1941 camezquita@saad.com burton@cummingsassoc.com jpeebles@peeblesandcameron.com bheggeman@heggeman.com murquhart@heggeman.com acameron@peeblesandcameron.com 251-943 5989 251-438 4312 251-438 4312 Ext. 208 251-654 1465 jpeebles@peeblesandcameron.com camezquita@saad.com camezquita@saad.com maustin@saad.com 251-639 4007 251-438 4312 251-654 1465 251-476-6000 rjohnson@mitchellcompany.com JoeyBetbeze@betbezerealty.com Mwatkins@Helix-group.com Tommygleasonjr@gleasonasscociates.com bheggeman@heggeman.com adam@metcalfeco.com 251-479 8606 29 of 33 3 3 3 3 3 3 3 3 3 1 3 3 3 3 3 3 1 1 1 3 3 1 3 65 67 68 73 74 78 89 86 93 23 62 66 77 81 88 83 24 28 29 72 85 26 61 September October October October October October October September September sp/su September September October October October September sp/su sp/su sp/su September September sp/su September 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 36606 36606 36606 36606 36606 36606 36606 36608 36608 36609 36609 36609 36609 36609 36609 36616 36618 36618 36618 36619 36619 36693 36693 Zoned B-2 The Chapura Building Office Mall South Bel Air Office Park 63 Midtown Park East Sign and Fabrication Co Dauphin 65 4658 Airport Boulevard Zeigler Square Azalea Road Medical Office Bldg 4366 Midmost Drive Century 21 Onmi Park Lot 3 Kress Building Paramount Center Bolton's Branch - Lot 2 Church Moffett Road Office Space GSA U.S. Customs and Border Protection Office 4324 Blvd. Park South Executive Park 4328 Boulevard Executive Park 314 Glenwood Street 3200 Executive Park Circle 3100 Cottage Hill Road 3100 Cottage Hill Road 63 Midtown Park East 617 Houston Street 3280 Dauphin Street 4658 Airport Boulevard 6500 Zeigler Blvd. 271 Azalea Road 4366 Midmost Drive 680 Azalea Road Corner of Hillcrest and Omni Park Drive 115 Dauphin Street 1141 Montlimar Drive I-65 & Hway 90 4203 Moffet Road 3818 Moffett Road 4137 Moffett Road 4425 Demetropolis Road 4324 Blvd. Park South 3233 Executive Park Cr. 4328 Boulevard Executive Park 129,900.00 1,200,000.00 5,760,000.00 9,600,000.00 495,000.00 550,000.00 6,909,500.00 1,000,000.00 650,000.00 13,800.00 1,350,000.00 485,000.00 269,900.00 79,200.00 1,250,000.00 4,916,855.00 245,000.00 200,000.00 225,000.00 5,000.00 275,000.00 3,410,000.00 300,000.00 6,000.00 649,000.00 350,000.00 3 3 1 1 1 3 3 3 96 98 21 22 25 63 75 79 October September sp/su sp/su sp/su October October October 2006 2006 2006 2006 2006 2006 2006 2006 36693 36693 36695 36695 36695 36695 36695 36695 Tri-Plex Government Blvd Office Building 1105 Hillcrest Road AT&T Wireless Cottage Hill Rd 1398 Azalea Rd 4080 Government Blvd 1105 Hillcrest Road 2070 Schillinger Rd South Frontage on Cottage Hill Rd 7650 Cottage Hill Road 1540 McKinnell Road 6601 Wall Street 285,000.00 495,000.00 7,500.00 750,000.00 10,875.00 1,272,000.00 1,525,000.00 247,000.00 149,000.00 5,005,675.00 3 3 3 3 80 90 91 92 September October September October 2006 2006 2006 2006 36695 36695 36695 36695 1600 North Schillinger Road 2575 Newman Rd. 7214 Cottage Hill Road 1065 Dawes Road 1,900,000.00 379,900.00 289,000.00 295,000.00 Fresenius Office Building 23,000.00 6.40 22,220.00 35,600.00 1.50 4.40 0.50 59,096.00 17,600.00 1.13 19,000.00 23,000.00 (170 foot frontage) 0.56 20,000.00 22,776.00 2.67 13.80 2.90 lot frontage: 100 0.50 30 of 33 950.00 10,089.00 71,677.00 125,105.00 9,060.00 9,470.00 55,276.00 15,000.00 GLA: 25,200 7,700.00 2,120.00 70,000.00 40,776.00 5,000.00 11,615.00 3,400.00 3,000.00 Coldwell Banker Commercial JME Realty John Toomey & Company, Inc. Grubb & Ellis Grubb & Ellis Betbeze Realty Co., Inc. Coldwell Banker Commercial JME Realty Gleason and Associates KAT Realty Praytor Properties LLC Saad & Vallas Realty Group, LLC Betbeze Realty Co., Inc. Robert Brothers Real Estate Gleason and Associates Cummings & Associates, Inc. Gleason and Associates Cummings & Associates, Inc. Dauphin Realty of Mobile & Baldwin County Peebles & Cameron, L.L.C. Dauphin Realty of Mobile & Baldwin County Cliff Gustin, Inc. NAI Heggeman Realty Company Saad & Vallas Realty Group, LLC Saad & Vallas Realty Group, LLC 4,357.00 Coldwell Banker Commercial JME Realty 6,750.00 Prudential Cooper & Co., Inc. Commercial Division Betbeze Realty Co., Inc. Heggeman Realty Co., Inc. Heggeman Realty Co., Inc. 1,685.00 Coldwell Banker Commercial JME Realty 1,944.00 Coldwell Banker Commercial JME Realty 34,981.00 Marcus & Millichap 34,000.00; thereof: Office: 4,000.00 Warehouse: 30,000.00 NAI Heggeman Realty Company 8,000.00 Prudential Cooper & Co., Inc. 2,500.00 Prudential Cooper & Co., Inc. GLA: 21,780 Coldwell Banker Commercial JME Realty Sheron Atwell Dan Graney Scotty Wells Scotty Wells Joey Betbeze Don Parden Tommy Gleason Karen Tonsmeire Tommy Praytor John Vallas, Jr. Joey Betbeze Robert Moore Tommy Gleason Marl M. Cummings Tommy Gleason Marl M. Cummings Judi Wells Scotty Wells Judi Wells Cliff Gustin Mitchum Jackson Christie Amezquita Gregory B. Saad Don Parden Tony Cooper Joey Betbeze Bernie Heggeman Marietta Urquhart Don Parden Don Parden Joel Dumes Mitchum Jackson Jimmie Few Jimmie Few Don Parden 251-343-7777 251-654 1465 251-438 4312 Ext. 208 251-438 4312 Ext. 208 251-472 4111 251-554 1941 251-342-1636 251-471-6666 251-343-9890 jvallas@saad.com 251-472 4111 251-343-2900 251-342-1636 251-476-6000 251-342-1636 251-476-6000 JudiWells@dauphinrealty.com swells@peeblesandcameron.com JudiWells@dauphinrealty.com 251-373 4016 251-479 8606 camezquita@saad.com 251-478 7223 251-554 1941 251-639-4007 JoeyBetbeze@betbezerealty.com bheggeman@heggeman.com murquhart@heggeman.com 251-554 1941 251-554 1941 513-241-9002 Ext. 124 251-479 8606 251-639-400 251-639-400 251-554 1941 31 of 33 Baldwin source 2 1 1 1 1 3 3 3 1 id number number 111 31 32 33 38 103 104 105 34 date period date year zipcode bldg name months year number name October 2006 36507 sp/su 2006 36526 803 Government Condominiums sp/su 2006 36526 Bay Building sp/su 2006 36526 Daphne Commercial Park sp/su 2006 36526 No building - just land for sale September 2006 36526 Daphne Square October 2006 36526 TK Office Park September 2006 36527 10712 Highway 31 North sp/su 2006 36532 Fairhope Professional Park 1 1 1 1 1 1 3 3 3 1 3 3 3 35 36 37 39 43 44 101 107 110 40 100 102 109 sp/su sp/su sp/su sp/su sp/su sp/su September September September sp/su September August October 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 2006 36532 36532 36532 36532 36532 36532 36532 36532 36532 36535 36535 36535 36535 1800 Hand Ave. 803 Government Street 912 US Hwy 98 Pollard Road Williamsburg Commercial Complex 25369 US Hway 98 1026 Stanton Road 10712 Highway 31 North 108 Professional Park Dr. US Hwy 98 at Nichols 19182 Greeno Road 105 S. Section St. 362 Commercial Park Drive 251 S. Greeno Road Keller Road & Lyter Lane 329 South Greeno Road 460 Section Street 23210 U.S. Hwy 98 West Pine St. 212 E Michigan Avenue 1121 Soth McKenzie - Highway 59 710 E Laurel Ave. 1 1 1 3 3 3 30 41 42 99 106 108 sp/su sp/su sp/su September October October 2006 2006 2006 2006 2006 2006 36542 36542 36542 36542 36542 36561 Fairhope Professional Park Lots Greeno Road - Hwy 98 Lassiter Bank Bldg. Sawmill Center Weeks Branch Farm Taupeka Office Building Couture Brides Stonebrook Professional Office Building Park & Pine St. 212 E Michigan Avenue Den-U-Save Building 710 E Laurel Ave. Parkway South Restaurant Gulf Shores Business Center Unit 1D Unit 3A Canal Plaza location address 3500 Gulf Shores Parkway 3817 Gulf Shores Parkway 1556 Gulf Shores Parkway 901 Commerce Drive 25299 Canal Road historical space avail Y or N number Y sales price dollars 339,900.00 7,400.00 450,000.00 450,000.00 site s.f. number 11,250.00 219,900.00 1,875,000.00 1,975,000.00 850,000.00 4,000.00 419,900.00 31,852.00 2.30 3.40 varies. from 8,160 to 24,022 525,000.00 575,000.00 4,300.00 425,000.00 36,000.00 2,000,000.00 2,350,000.00 2,600,000.00 1,150,000.00 2,830,000.00 8.00 275,000.00 352,000.00 775,000.00 650,000.00 3,200.00 1,000.00 10,000.00 395,000.00 122,500.00 2.25 275,000.00 395,000.00 615,000.00 20,000.00 0.25 0.76 0.55 25,000.00 1.00 Lot Frontage: 285 ft. Lot Depth: 115 ft. 11,250.00 32 of 33 bldg. s.f. number company name 1,829.00 Coldwell Banker Commercial JME Realty Irvine Co Inc Robbins Commercial Real Estate Coldwell Banker Reehl Prop. Comm. Div. Coldwell Banker Commercial Suncoast 17,000.00 Blum Real Estate 37,300.00 Blum Real Estate 4,000.00 Robbins Commercial Real Estate Coldwell Banker Reehl Prop. Comm. Div. agent name Brien Griggers Starke Irvine William (Bill) Robbins Dennis Frodsham Cathy Taylor Stephanie Herron Stephanie Herron William Robbins Dennis Frodsham email address bgriggers@bellsouth.net sirvine@aol.com robbins4realty@aol.com dfrodsham@coldwellbanker.com cathy-taylor@msn.com Coldwell Banker Reehl Prop. Comm. Div. Saad & Vallas Realty Group, LLC Coldwell Banker Commercial Suncoast Leatherbury Real Estate Leatherbury Real Estate Peebles & Cameron, L.L.C. 12,500.00 Taupeka & Co., Inc. 5,600.00 Roberts Brothers Inc 20,921.00 Dyas Development LLC Realty Executives Gulf Coast RE/MAX of Gulf Shores 4,600.00 Cunningham, Foley & Barnes 2,700.00 State Wide Properties & Investments Realty Co. Dennis Frodsham Tim Herrington Jeff Smith Rich Helm Jamie Leatherbury Allan Cameron, Jr. Mark Taupeka Tammie Sullivan Susan Stewart Anthony Kaiser John Andrews Milt Rowell Louise Jones dfrodsham@coldwellbanker.com therrington@saad.com jeffcomm@coldwellbanker.com noriscon@aol.com jamie@leatherburyrealestate.com acameron@peeblesandcameron.com John Murphy, III John Murphy, III Stephanie Herron Kevin Corcoran Kevin Corcoran Christine Slaughter johnmurphy@gulftel.com johnmurphy@gulftel.com stephanieherron@worldnet.att.net ONO Professional Partners ONO Professional Partners Coldwell Banker Commercial Suncoast 1,200.00 RE/MAX of Gulf Shores 3,150.00 RE/MAX of Gulf Shores 3,600.00 RE/Max of Orange Beach telephone number 251-604-9296 251-604-9296 251-422-4680 dfrodsham@coldwellbanker.com 251-928-1268 251-401-4530 251-990-6000 akaiser@realtyexecutives.com 251-948-2211 251-943-5989 Ext. 3467 251-943-5791 251-968-1000 251-968-1000 251-974-2468 33 of 33