The URL can be used to link to this page

8.2. SR 09-08-2020Request for Action To Item Number Mayor and Council 8.2 Agenda Section Meeting Date Prepared by General Business September 8, 2020 Amanda Othoudt, EDD Item Description Reviewed by 413 Proctor Ave — Engage Activity Center Cal Portner, City Administrator Broker Reviewed by Action Requested Authorize, by motion, city staff to engage in an exclusive listing agreement for the property located at 413 Proctor Ave, with [the chosen broker], in a form acceptable by the city attorney, and prepare an agreement for council approval. Background/Discussion At their July 6, 2020, meeting, the City Council directed staff to engage a real estate broker to list the former Activity Center, located at 413 Proctor Ave for sale. Staff received three proposals in response to the request for proposals for real estate listing and development services. Staff recommends utilizing a local broker to list the property for sale. IAG Commercial Real Estate Fee: Listing Period: Marketing: Hardin Companies 6% for a direct sale with co -broker, 5% without co -broker. Paid upon closing. Commission will be shared if there is a buyer's broker representing the buyer. Co -Broker to receive 2.75% of the commission. 6 months Signage, Brochures/Flyers, statewide and regional outreach through CCIM network, DEED and Greater MSP. Property tour/site visits. Listing will be on Costar/Loopnet, MNCAR, Greater MSP, IAG. Fee: 6% of sale price or appraised value whichever is greater. Commission will be shared if there is a buyer's broker representing the buyer. Co -Broker will receive 3% of the gross sales price and/or $1.00 sq. ft. per year of leased space if applicable. Lease option of $2/sq. ft. per year of leased space. 50% upon lease execution and 50% upon occupancy. The Elk River Vision P 0 W E e E 0 0 V A welcoming community rvitb revolutionary and spirzted resourcefulness, exceptional NATURE service, and community engagement that encourages and inspires prosperztt Updated. August 2020 Listing Period: 6 months Marketing: Signage, Brochure/Flyers, Direct Mail & Cold Calls, Direct Mail to Brokers, Brokerage interaction, Networking through professional organizations, property tour/site visits, internet-based marketing (Costar/Loopnet, MNCAR, Hardin Companies Distribution, Advertising. Commercial Realty Solutions Fee: 6% of sale price, paid at closing. Commission will be shared if there is a buyer's broker representing the buyer. Co -Broker will receive 3% of the commission. Listing Period: 6 months Marketing: Signage, Brochure/Flyers, property tour/site visits, MNCAR, marketing via a premium Subscription to Costar/Loopnet (listings with CRS pop up to the top), CRS website, city, and county websites. Once the Council engages a broker in an exclusive listing agreement, the broker will meet with staff to determine allowable uses of the property and will conduct a market analysis to determine a value. Financial Impact N/A Mission/Policy/Goal As work continues to transition senior programming from the current Activity Center to the new facility, the City Council has directed staff to list the Activity Center property for sale. Attachments ■ Proposals (to be delivered at the meeting) N:APublic Bodies\Agenda Packets\ 09-0 8-2020\ Final\ x8.2 sr Engage Activity Center Broker Proposals.docx HANDOUT ITEM, 8.2 09-08-2020 Request For Proposal a Elk River AdivitY Center COMMERCIAL REALTY SOLUTIONS 413 Proctor Avenue NW, Elk River ..1 - l T+y t _ K 1 y f rAi' n- - -49 5tt'+U darn E RFiver United # 'tr -`Methndis <. ter - J 4 r ,I ... 15R•�28•'Community °`' y P t � -- ,�`'s: �i•,- + Educati4_n', 40' r �t A 1 r y y�ifj , a f f r .rr. 4 , ,,;su rier Lipl1alS161uto Trim' 3 Highway 55 West, Buffalo, MN 55313-4320 1 763-682-2400 1 info@commrealtysolutions.com 'the information contained herein was obtained from sources be] iesed to be raliable, but Commercial Realty Solutions has not verified nor has any knowledge regarding the..curacy of mfixmation and mak,, no repr—niat, n or warranty, nvn; Request For Proposal q P Elk River Activity Center COMMERCIAL REALTY SOLUTIONS 413 Proctor Avenue NW, Elk River 3 Highway 55 West, Buffalo, MN 55313-4320 1 763-682-2400 1 info@commrealtysolutions.com 1hr tnfm-11—.oMil-d heroin t,x, A,wn,d from ,out. r., bchIle d robe rehabir, but Commoraal Rcnite >oluunn: ha: nut ver Mod nr h a S an}' klh-lyd,�, ropidmg the a-ura,v of mfinrmatrm an mak,, n,t.I,i, cnI, I Property Overview The Elk River Activity Center 55+ was a great asset to the community. It provided a place to meet new friends, socialize, learn new skills and be active. However, due to expected costs necessary to replace aging equipment and make strutural, ADA, and use improvements, the City Council decided tc , include senior citizen programming space in the new city multipurpose facility. As work continues to transition senior programming from the current Activity Center to the new facility, the City Council has decided to list the Activity Center property for sale. The property consists of three parcels: 75-049-0205, 75-409-0255 and 75-40-0250 totaling approxi- mately 1.16 acres. The site is served by Elk River Municipal Utilities and is zoned R1c, Single Family Residential. This is a prime redevelopment opportunity near downtown Elk River with access to TH 10 and Main Street. N N: Page 0 DEMOGRAPHICS: * Elk River is a city in Sherburne County, Minnesota. It is located approximately 34 miles northwest of Minneapolis. It is situated at the confluence of the Mississippi and Elk Rivers. It was incorporated in 1977 with transportation playing a significant role in the growth of this business friendly commu- nity. Its location on Highways 10, 169, and 101, along with its close proximity to I-94 and the MSP airport, make it ideal for companies migrating from Minneapolis, St. Paul, St. Cloud, and beyond. Elk River is a family -oriented community built on small town ideals, yet has big city amenities, jobs and culture. f 16ver U CxyL_ Nt Ftl•ea. MBnMI• a TH F.xumon - SYMm AItlVia1• 4m. ervnuw 3-M Ce Betln • Wann 11gg1 _ �hNal Cnr�trd S!�• Q e.w�..i ounf. • ...n.. • BlannPq 5mrm Pa..ti+ r Vletx 11y0t9.M�.ORi • Mbt�r VtlMn • C'dK O F}l.n A.e.e4 1/INAi]LW — � 413 Proctor Ave NYA V�� Property Aerial: I REQUESTED INFORMATION Who we are: COMMERCIAL REALTY SOLUTIONS (CRS) was started by Wayne Elam in 2009 in the core of the recession and he is the sole owner. Wayne has over 30 years of combined commercial construction marketing and commercial real estate and development experience. He is client focused and uses his strong work ethic and in-depth knowledge of the market, along with long-term relation- ships, to achieve results. CRS is a full service commercial real estate company. We represent Buyers and Sellers, as well as Own- ers (Landlords) and Tenants of all types of commercial real estate properties. Our focused market area extends from 494/694 West and North to Elk River, Brainerd / Baxter, Alexandria, Willmar, Mon- tevideo, Hutchinson and Minnetonka. We have offices in Buffalo and St. Cloud. Our team consists of eight people. What have we done: Commercial Realty Solutions has worked with several senior housing facilities, including; E.lim Homes, Guardian Angels, Augustana Care and Cassia. This included selling existing facilities as well as land acquisitions and redevelopment sites. Recently we have worked extensively with apartment developers and townhouse projects. CRS has had various listings in Elk River and the surrounding area. We worked with the staff at the City and also with the staff at Sherburne County. The Listing: CRS will not be doing a co -listing on the property. We take full responsibility on the listing, marketing, and showing of the property. We are very receptive to working with brokers that are representing the Buyer, in which case commissions will be shared with the Buyer's Broker. Typically 75% of all of our listings are dual agency, which means we represent both the Buyer and Seller. CRS takes a team approach to our listings. When we take on a new listing, we have a team meeting to brain -storm the best use of the property. We create a "hit list" which is a list of potential buyers. We then make contact with the potential Buyers and present the property. Page 0 Communication/Showings: Commercial Realty Solutions will communicate with City Staff as to what they request. At a minimum, we will let our contact person know whenever we have a showing or inter- est in the property. We will provide a monthly activity report that staff can report back to the City Council. Unlike most other real estate companies, CRS does not install a lockbox on the building. We host every showing as we consider it our job to represent the Seller and we can better show the property than another realtor that has never been to the property. CRS Team: Wayne Elam, Owner of CRS, will be the lead on this listing. He will work jointly with Sheila Zachman and Joseph Elam with the CRS team. Both team members bring their in- dividual strengths to the CRS efforts. Fee Structure: The commissions will be 6% of the sale price, which will be paid at closing. There are no other marketing costs or reimbursable costs. Commission will be shared if there is a Buyer's Broker representing the Buyer. CRS has a six month listing agreement. Many commercial brokerage companies require a 12 month listing agreement for commercial property. Our philosophy is both parties need to want to work together otherwise after six months we should go our own direction. We want to make sure the client is satisfied. Listing Agreement: (Please see attached.) Sm Marketing Efforts: Commercial Realty Solutions is a member of MnCar (Minnesota Commercial Area of Realtors). This is to the commercial brokerage world what MLS is to the residential indus- try. Our largest marketing service is LoopNet. They are a national commercial real estate plat- form. CRS is a premium subscriber, which means when somebody researches a specific property in Minnesota, our listings pop up to the top. We pay a $2,600 monthly fee for this premium service and it pays for itself. Our website is extremely user friendly and has over 40 visitors a week searching our prop- erty database. In addition to that, we will work with the City and the County to make sure the property is posted on any available marketing sources. Contact Information: Wayne Elam Cell: (763) 229.4982 Office: (763) 682.2400 WElam@crs-mn.com Website: CommRealtySolutions.com Page 0 COMMERCIAL REALTY SOLUTIONS 1 Sale Listing Agreement 2 3 Date: Au:!tjst 31.2020 4 Page One. 5 6 IN CONSIDERATION OF the Agreement of Commercial Realty Solutions. LLC. E CRS f 7 (hereinafter referred to as "BROKER") to undertake to sell the property hereinafter described 8 City of Elk River. (Hereinafter referred to as "SELLER") grants to BROKER the exclusive right 9 to sell or contract to sell the property at 413 Proctor Ave NW. Elk River. MN. The property 10 consists of approximately 1.16 acre of land and buildin<a that was formerly used as the Elk River 11 Senior Activity Center. Identified as PID #75-409-0205. #75-409-0255 and #75-409-0250. 12 Hereinafter referred to as the ("PROPERTY") for the period from the date hereof and shall 13 continue until March 31, 2021. The property shall be priced at 5 . Terms of the 14 sale shall be CASH, or any other price, terms or exchange to which SELLER may consent. 15 SELLER understands that BROKER may list other properties during the term of this Agreement 16 which may compete with SELLER'S PROPERTY for potential buyers. 17 18 SELLER'S OBLIGATIONS 19 20 It is agreed that SELLER shall promptly furnish BROKER with complete information concerning 21 any person who during the period of this Agreement makes inquiry to SELLER regarding the sale, 22 exchange or lease of the PROPERTY. 23 24 If the PROPERTY is sold, SELLER hereby agrees to furnish to buyer an Abstract of Title, a 25 Registered Property Abstract or a Title Insurance Commitment, certified to date, to include proper 26 searches covering bankruptcies and state federal judgments and liens, and to execute or cause to be 27 executed a Deed conveying title to the PROPERTY to the buyer and any further documents as 28 may be required to consummate the sale in accordance with the terms above designated or with the 29 terms to which SELLER may hereafter consent. SELLER further agrees to promptly notify 30 BROKER of any notices pertaining to the PROPERTY which are hereafter received during the 31 term of this Agreement. It is further agreed that SELLER shall permit BROKER to erect a "For 32 Sale" sign on the PROPERTY and to remove all other "For Sale" signs from the PROPERTY 33 during the period of this Agreement. It is further agreed that SELLER shall permit BROKER to 34 35 crs COMMERCIAL REALTY SOLUTIONS www.commrealtysolutions.com 36 413 Proctor Ave NW, Elk River. MN 37 Page 2 38 39 erect a "Sold" sign on the PROPERTY for a period of (30) days following the sale or exchange 40 of the PROPERTY by BROKER. SELLER shall permit BROKER to place information on the 41 Minnesota Commercial Property Exchange (MCPE) and the internet concerning the PROPERTY. 42 Broker may notify the MCPE and member REALTORS of the price and terms of the sale. 43 44 COMPENSATION 45 46 It is further agreed that SELLER shall pay BROKER a brokerage fee of 6%. If there is a 47 cooperating broker representing the buyer, the commissions of 6% will be split with each broker 48 receiving 3%. Commissions will be paid on the price for which the PROPERTY is sold or 49 exchanged, upon occurrence of any of the following conditions; 50 51 1. The Sale, contract for sale, exchange or conveyance of the PROPERTY during the period of 52 this Agreement by BROKER or any other person, including, but not limited to, SELLER, or any 53 other agent or broker not a party to this Agreement, in accordance with the price, terms or 54 exchange as set forth herein or as otherwise consented to by SELLER. 55 2. If a BUYER is procured, whether by BROKER, SELLER or anyone else, who is ready, 56 willing and able to purchase the PROPERTY at the price and terms set forth above and SELLER 57 refuses to sell. 58 3. If SELLER agrees to sell the PROPERTY before this contract expires, and SELLER refuses 59 to close the sale. 60 4. If SELLER removes the PROPERTY from the market before expiration of this Listing 61 Agreement. 62 5. If SELLER grants an option to purchase the PROPERTY, SELLER shall compensate 63 BROKER, as provided herein, based on the price paid for the option and for any extensions 64 thereof. The compensation shall be paid upon receipt by SELLER of any such payments. In the 65 event such option is exercised, whether during the term of this Agreement, or within 3 66 month's thereafter, SELLER shall also compensate BROKER on the gross sale price of the 67 PROPERTY in accordance with the provisions herein. Notwithstanding the foregoing, to the 68 extent that all or part of the price paid for the option or any extension thereof is applied to the sales 69 price of the PROPERTY, then any compensation previously paid by owner to BROKER on 70 account of such option payments shall be credited against the compensation payable to BROKER 71 on account of the exercise of the option. CrS COMMERCIAL REALTY SOLUTIONS 72 413 Proctor Ave NW, Elk River, MN 73 Page 3 74 75 6. During the term of this Listing Agreement or within 90 days (not to exceed 180 days) 76 after the expiration of this Listing Agreement: (i) the PROPERTY is acquired by a public 77 authority; (ii) an agreement to acquire the PROPERTY is reached with a public authority: or (iii) a 78 public authority institutes eminent domain/condemnation proceedings to acquire the PROPERTY. 79 7. SELLER contributes or conveys the PROPERTY or any interest therein to a partnership, 80 joint venture or other business during the term of the Agreement in lieu of a sale of the 81 PROPERTY during the term of this Agreement. 82 8. SELLER is a partnership or other business entity, and an interest in the partnership or other 83 business entity is transferred, whether by merger, outright purchase or otherwise in lieu of sale of 84 the PROPERTY during the term of this Agreement. 85 9. If within 90 days, SELLER sells or agrees to sell the PROPERTY to anyone who 86 has made an affirmative showing of interest in the PROPERTY by responding to an advertisement 87 or by contacting the BROKER or salesperson involved or has been physically shown the 88 PROPERTY by the BROKER or salesperson. It is understood that BROKER shall not seek to 89 enforce collection of a compensation under this subparagraph nine (9) unless the name of the 90 prospect is on a written list given to SELLER within 72 hours after expiration of this Agreement. 91 92 As security for BROKER'S compensation SELLER hereby grants to BROKER a security 93 interest in the proceeds from the sale or lease of the PROPERTY described herein and any title 94 company or other closer who conducts the closing on the sale or lease of the PROPERTY 95 described herein is directed to disburse the BROKER'S compensation provided hereunder to the 96 BROKER at the time of Closing. 97 98 SELLER further agrees that in the event a LEASE of the PROPERTY is entered into (a) during 99 the term of this Listing Agreement, or (b) during the period set forth in subparagraph nine (9) 100 above with a person or entity as described therein, then SELLER shall pay BROKER a leasing 101 commission of one months gross lease amount for a lease of one year or less. For leases that are 102 loner than one year in length, leasing commissions are 6% of the oss lease amount. This shall 103 be due and payable upon execution of the lease or as otherwise agreed in writing. 104 105 106 107 CrS COMMERCIAL REALTY SOLUTIONS 108 413 Proctor Ave NW, Elk River. MN 109 Page 4 110 III SELLER'S REPRESENTATIONS 112 113 SELLER has full legal right to sell or lease the PROPERTY. 114 SELLER certifies that as of the date of execution of this Agreement, SELLER has not received 115 any Notice of building, health, fire code violations, nor notice of hazardous waste on the 116 PROPERTY, nor Notice of condemnation pertaining to the PROPERTY, except as herein noted 117 (if none, state "none"): 118 119 120 CERTIFICATION INDIVIDUAL TRANSFEROR 121 122 Section 1445 of the Internal Revenue Code provides that a transferee (buyer) of a U. S. 123 Real property interest must be notified in writing, and must withhold tax if the transferor 124 (SELLER) is a foreign person and the sale price exceeds $300,000. In the event transferor 125 (SELLER) is a foreign person and the sale price exceeds $300,000, requirements of the 126 1980 Foreign Investment in Real Property Tax Act (FIRPTA) will be fulfilled. SELLER 127 States and acknowledges the following: 128 129 I am a citizen of the United States or, if a corporation, partnership or other business entity, duly 130 incorporated in the United States, or, if a partnership or business entity, formed and governed by 131 the laws of the United States: _X_ Yes No 132 If "No," please state country of citizenship, incorporation or the like: 133 Under the penalties of perjury, I declare that I have examined this certification and, to the best of 134 my knowledge and belief, it is true, correct and complete. 135 136 COOPERATING BROKERS 137 138 SELLER hereby permits BROKER to share part of BROKER'S compensation with other real 139 estate brokers, including brokers only representing the buyer. 140 141 142 143 CrS COMMERCIAL REALTY SOLUTIONS 144 413 Proctor Ave NW, Elk River, MN 145 Page 5 146 147 148 FORFEITURE OF EARNEST MONEY 149 150 If a buyer of the PROPERTY defaults and as a result forfeits the earnest money, SELLER shall 151 Receive 75 percent (%) and BROKER shall receive 25 percent (%) of the earnest money. 152 153 CLOSING SERVICES 154 155 After a purchase agreement for the PROPERTY is signed, arrangements must be made to close 156 the transaction. SELLER understands the SELLER may arrange for a qualified closing agent or 157 attorney to conduct the closing, or SELLER may ask BROKER to arrange for closing. 158 159 SELLER understands that SELLER may be required to pay certain closing costs which may 160 effectively reduce the proceeds from the sale. SELLER has indicated his/her/its choice for 161 closing services. (initial one) 162 163 SELLER wishes to have BROKER arrange for closing services. 164 165 SELLER shall arrange for closing services. 166 167 MISCELLANEOUS 168 169 1. This Agreement is binding upon the heirs, successors and assigns of the parties. 170 2. All of the representations and covenants of this Agreement shall survive and be 171 enforceable after termination of the Agreement. 172 3. In the event of any litigation instituted by SELLER or BROKER to enforce the provisions 173 of this Agreement, the prevailing party shall recover reasonable attorneys' fees, costs and 174 expenses from the other party. 175 4. This Agreement constitutes the complete agreement between the parties and supersedes 176 any prior oral or written agreements between the parties relative to the provisions herein. 177 No amendment, modification or extension of this Agreement shall be valid or binding 178 unless made in writing and signed by both the SELLER and BROKER. 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 CrS COMMERCIAL REALTY SOLUTIONS 413 Proctor Ave NW. Elk River. MN Page 6 This contract shall be governed by the laws of the State of Minnesota. City of Elk River It's: (Date) Commercial Realty Solutions, LLC. (BROKER) Lm (Date) HANDOUT ITEM 8.2 09-08-2020 1C,H 'k- HARDIN COMPANIES Hardin Companies 15681 Andrie St NW Ramsey, MN 55303 August 28, 2020 RE: Proposal for Real Estate Listing and Development Services for the Elk River Senior Activity Center City of Elk River 13065 Orono Parkway Elk River, MN 55330 Tel: 763-635-1000 E-mail: AOthoudt@elkrivermn.gov Dear Amanda, This correspondence outlines the interest of Hardin Companies to be the exclusive real estate brokerage services provider for The City of Elk River and the sale of 413 Proctor Ave. We recommend scheduling a time to discuss the potential site possibilities and how best to achieve the City's goals. The following documentation will outline our firm's qualifications and proposal. We look forward to serving The City of Elk River. Sincerely, Ryan Hardin Broke r/Realtor® 612-860-6177 Enclosure: Hardin Companies response to The City of Elk River RFQ/P Real Estate Listing and Development Services for the Elk River Senior Activity Center. 612-356-2002 Hardin Companies �ef�r A'ALrOA mw Proposal for Real Estate Listings and Development Services for the Elk River Senior Activity Center: 413 Proctor Ave, Elk River MN 55330 Prepared for: 08/08/2020 Prepared by: Ryan Hardin %3.r *,— H HARDIN COMPANIES Partners Real Estate MN Hardin Companies Tel: (612) 356-2002 HARDINCOMPANIES.COM 1URVI ti COMPANIES Table of Contents I. Background II. Marketing III. Scope of Services IV. Fee Schedule and Term V. Conflict of Interest VI. Governmental Standing VII. Insurance VIII. Disclaimer IX. Supporting Documents a. Real Estate License b. W-9 Tax Information c. Certificates of Insurance d. References e. Sample Contracts f. Marketing Plan PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM Page-2 H HARDIN COMPANIES I. Background PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM Partners Real Estate MN LLC, doing business as Partners Real Estate MN and Hardin Companies, is a licensed Minnesota real estate brokerage. Ryan Hardin, Chief Manager of Partners Real Estate MN LLC, is also the Managing Broker who will be dedicated to this project and assign tasks as needed. As the point of contact throughout the term of the contract Ryan Hardin can be reached directly at 612-860-6177 or by email at rygnhardin@hardincompanies.com. Ryan's real estate experience began in 2008 and quickly expanded into marketing bank owned assets, property management and commercial real estate. Our experience includes working with a variety of individuals, corporations and non -profits to help our clients achieve their goals (see Supporting Documents). Our firm provides a variety of brokerage services including buyer and seller representation, landlord and tenant representation and property management services. II. Marketing Marketing will consist of signage placed on available property with online advertising in NorthstarMLS® (Multiple Listing Service), MNCAR® (Minnesota Commercial Association of Realtors®), LoopNet®/CoStarO and various social media outlets. In addition, each listing will be posted to over 100 different websites, including individual agent websites, along with mncar.or:a, crexi.com and thebrokerlist.com, etc. to achieve maximum market exposure. Marketing of individual properties will be targeted to specific user groups based on a site's highest and best use (see Marketing Plan). III. Scope of Services We agree to the "Scope of Services" as defined in the RFQ/P: • Work with and advise the City on strategies for marketing, pricing, development/re- development and sale of subject property. • Develop, distribute, list, and maintain real estate marketing materials and supporting documents and information. • Conduct market analysis for subject property. • Manage relationships with prospective buyers and brokers, including responding to inquiries, showing property, answering questions for prospects, providing information for available economic development incentives, conducting negotiations, and managing transactions. • Analyze offers from potential buyers and brokers, and provide recommendations to City staff. • Provide regular monthly activity updates to staff (as needed). • Handle other customary real estate broker activities and services. IV. Fee Schedule/Term Fees & terms will be set forth in a separate agreement with The City of Elk River. We propose an Exclusive Listing Contract with the City of Elk River to include Listing Broker Commissions of 6% of sale price or appraised value whichever is greater; and a Listing Broker Leasing Commission of $2.00 per square foot per year of leased space. Page-3 Ur PARTNERS REAL ESTATE MN it�,PUI ; CO IFANIeS HARDIN COMPANIES HARDINCOMPANIES.COM A portion of the Listing Brokers Commission may be paid to cooperating Buyers Broker, as appropriate. All Listing Broker Commissions are to be paid by seller at the time of a successful closing, as negotiated with City of Elk River. Listing Broker Leasing Commissions to be paid 50% upon Lease execution and 50% upon occupancy. Our proposed fee structure requires no upfront cost to the City of Elk River. Seller is responsible for professional services contracted separately by the City for items such as legal fees, closing fees, title fees, survey's, property management, appraisals, etc. We propose a "Carry over Compensation" for any Listing Broker Commission, for a period of 180 days after the expiration of the Exclusive Listing Contract as defined in "Listing Contract"; or in the case of an "early termination" as mutually agreed upon by all parties for properties listed under "Listing Contract." Early Termination: In the event a party wishes to terminate the Listing Contract prior to the expiration date, parties must agree to the termination in writing. The "Carry Over Compensation" provision listed above shall remain in effect for 180 days after the contract is terminated. If the Listing Contract is terminated prior to its expiration date, the City of Elk River agrees to reimburse Listing Broker for actual expenses associated with marketing of properties such as signage, printed marketing materials, and mailing costs. Scope of work performed under the proposed Listing Contract will comply with all State and Local laws and regulations. V. Conflict of Interest Partners Real Estate MN LLC and its affiliates are not aware of any conflict of interest. Ryan Hardin does volunteer and serve on the City of Elk River's Economic Development Finance Committee and the Beautification Committee. VI. Governmental Standing Partners Real Estate MN LLC and Ryan Hardin are in good standing with the Minnesota Department of Commerce, the Association of Realtors (both state and national) along with the Minnesota Commercial Association of Realtors. In addition, all State and Federal taxes are current. Firm legal name and Tax ID are provided in Supporting Documents. VII. Insurance Certificates of insurance provided are provided in the Supporting Documents. Vill. Disclaimer Information contained in this proposal shall in no way be deemed as a contractual obligation by either the City of Elk River or Partner Real Estate MN LLC. Parties agreeing to specific terms shall enter into a formal contract. Page-4 1L%kU1.\ �L)MFA: ILI IX. Supporting Documents This Page Intentionally Left Blank PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM Page-5 STATE OF MINNESOTA PARTNERS REAL ESTATE MN LLC`-sfx;� 15681 ANDRIE ST NW RAMSEY, MN 55303 Department of Commerce The Undersigned COMMISSIONER OF COMMERCE for the State of Minnesota hereby certifies that Partners Real Estate MN LLC Doing Business As: HARDIN COMPANIES PARTNERS REAL ESTATE MN 15681 ANDRIE ST NW RAMSEY, MN 55303 has complied with the laws of the State of Minnesota and is hereby licensed to transact the business of Real Estate Company License Number: 40567547 unless this authority is suspended, revoked, or otherwise legally terminated. This license shall be in effect until June 30, 2021. IN TESTIMONY WHEREOF, I have hereunto set my hand this May 01, 2019. COMMISSIONER OF COMMERCE Minnesota Department of Commerce Licensing Division 85 7th Place East, Suite 500 St. Paul, MN 55101-3165 Telephone: (651) 539-1599 Email: licensing. commerce@state. m n. us Website: commerce.state.mn.us Notes: • Limited Brokers: A limited broker license does NOT authorize the licensee to negotiate residential mortgage loans • Corporations: Only the selected officers of a Corporation may act on behalf of the Corporation as limited brokers. • Limited Liability Company: Only the managers of a Limited Liability Company (LLC) may act on behalf of the LLC as limited brokers. • Limited or General Partnership: Only the general partners of a Limited or General Partnership may act on behalf of the Limited or General Partnership as limited brokers. Company Affiliation: Partners Real Estate MN LLC PARTNERS REAL ESTATE MN LLC 15681 ANDRIE ST NW RAMSEY, MN 55303 STATE OF MINNESOTA Department of Commerce The Undersigned COMMISSIONER OF COMMERCE for the State of Minnesota hereby certifies that Ryan DUANE Hardin 15681 ANDRIE STREET NW RAMSEY, MN 55303 has complied with the laws of the State of Minnesota and is hereby licensed to transact the business of Resident Real Estate Broker License Number: 40439896 unless this authority is suspended, revoked, or otherwise legally terminated. This license shall be in effect until June 30, 2021. IN TESTIMONY WHEREOF, I have hereunto set my hand this May 01, 2019. COMMISSIONER OF COMMERCE Minnesota Department of Commerce Licensing Division 85 7th Place East, Suite 500 St. Paul, MN 55101-3165 Telephone: (651) 539-1599 Email: licensing. commerce@state. m n. us Website: commerce.state.mn.us Notes: • Limited Brokers: A limited broker license does NOT authorize the licensee to negotiate residential mortgage loans • Corporations: Only the selected officers of a Corporation may act on behalf of the Corporation as limited brokers. • Limited Liability Company: Only the managers of a Limited Liability Company (LLC) may act on behalf of the LLC as limited brokers. • Limited or General Partnership: Only the general partners of a Limited or General Partnership may act on behalf of the Limited or General Partnership as lima ed brokers. CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY) THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATIONIS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER PEARL INSURANCE GROUP LLC/PHS 83851137 The Hartford Business Service Center 3600 Wiseman Blvd San Antonio, TX 78251 CONTACT NAME: PHONE (ac, No, EXt): (866)467-8730 FAX (888)443-6112 (Arc, No): E-MAIL ADDRESS: INSURER(S) AFFORDING COVERAGE NAICN INSURED PARTNERS REAL ESTATE MN LLC 15681 ANDRIE ST NW ANOKA MN 55303-8011 INSURER A: Twin City Fire Insurance Company 29459 INSURERB: INSURERC: INSURER D : INSURER E : INSURER F : COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR _ LTR TYPE OF INSURANCE ADOI. INSR SUBR wV0 POLICY NUMBER POLICY MMIDD/YEFF POLICY EXP MM/DD/Y Y LIMITS COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $1,000,000 CLAIMS -MADE �OCCUR DAMAGE TO RENTED R MI Ea gQWM1n01 $1,000,000 MED EXP (Any one person) $10,000 X General Liability A 83SBUAA8747 03/29/2020 03/29/2021 PERSONAL& ADV INJURY $1,000,000 GEN'LAGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $2,000,000 POLICY ❑PRO- Fx LOC JECT PRODUCTS -COMP/OPAGG $2,000,000 OTHER: I AUTOMOBILE LIABILITY 'COMBINED SINGLE LIMIT i Ea accident $1,000,000 BODILY INJURY (Per person) ANY AUTO A ALL OWNED SCHEDULED AUTOS AUTOS 83 SBU AA8747 03/29/2020 03/29/2021 BODILY INJURY (Per accident) HIRED NON -OWNED X AUTOS X AUTOS PROPERTY DAMAGE (Per accident) UMBRELLA LIAB OCCUR EACH OCCURRENCE EXCESS LIAB CLAIMS - MADE AGGREGATE DED RETENTION $ PER OTH- WORKERS COMPENSATION AND EMPLOYERS' LIABILITY STATUTE I ER E.L. EACH ACCIDENT ANY YIN PROPRI ETO R/PARTN ER/EXECUTIV E OFFICER/MEMBER EXCLUDED? NIA E.L. DISEASE -EA EMPLOYEE (Mandatory in NH) If yes, describe under E.L. DISEASE - POLICY LIMIT DESCRIPTION OF OPERATIONS below DESCRIPTION OF OPERATIONS /LOCATIONS /VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) Those usual to the Insured's Operations. CERTIFICATE HOLDER _ The City of Elk River 13065 Orono Parkway Elk River MN 55330 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE / C 1988-2015 ACORD CORPORATION. All rights reserved. ACORD 25 (2016103) The ACORD name and logo are registered marks of ACORD EAAJ PEARL® A 4D INSURANCE Regulatory Office Dept: Regulatory 505 Eagleview Blvd., Suite 100 Exton, PA 19341-1120 Telephone: 800-688-1840 Insurance Company Providing Coverage: Greenwich Insurance Company REAL ESTATE PROFESSIONALS ERRORS AND OMISSIONS DECLARATIONS THIS IS A CLAIMS MADE INSURANCE POLICY. PLEASE READ IT CAREFULLY. PRODUCER: Pearl Insurance Group POLICY NUMBER: PEG9177873-2 PRODUCER #: 08938 RENEWAL OF: PEG9177873-1 THIS IS A CLAIMS MADE POLICY. THE POLICY APPLIES ONLY TO THOSE CLAIMS THAT ARE FIRST MADE AGAINST THE INSURED DURING THE POLICY PERIOD. THE CLAIM MUST BE REPORTED IN WRITING TO THE COMPANY DURING THE POLICY PERIOD OR WITHIN 60 DAYS AFTER THE END OF THE POLICY PERIOD. CLAIM EXPENSES ARE GENERALLY IN ADDITION TO AND WILL NOT REDUCE THE LIMIT OF LIABILITY. HOWEVER, CERTAIN COVERAGE EXTENSIONS HAVE LIMITS OF INSURANCE THAT INCLUDE AND WILL BE REDUCED BY CLAIMS EXPENSES. PLEASE REVIEW THIS POLICY CAREFULLY. Item 1. NAMED INSURED: Partners Real Estate MN, LLC Item 2. ADDRESS: 15681 Andrie St NW Anoka, MN 55303-8011 Item 3. POLICY PERIOD: FROM: 03/29/2020 TO: 03/29/2021 _ 12:01 A.M. Standard Time at the address of the Named Insured as stated herein. Item 4. LIMITS OF LIABILITY: A. Limits of Liability $ 1,000,000 Each Claim $ 1,000,000 Policy Aggregate B. Fair Housing Discrimination Limit of Liability $ 250,000 Aggregate C. Fungi and Bacteria Limit of Liability $ 250,000 Aggregate D. Open House Limit of Liability $ 1,000,000 Aggregate Item 5. DEDUCTIBLE: $ 5,000 Each Claim Item 6. PREMIUM: $ 884 Item 7. RETROACTIVE DATE: 3/29/2018 Item 8. NOTICES TO BE SENT TO: Report A Claim Report A Claim AXA XL — Commercial E & O Claims Pearl Insurance Group, LLC 100 Constitution Plaza, 8th Floor 1200 East Glen Avenue Hartford, CT 06103 Peoria Heights, IL 61616 877-791-3777 [Phone] 1-800-447-4982 860-548-9668 [Fax] Item 9. FORMS AND ENDORSEMENTS ATTACHED AT POLICY EFFECTIVE DATE: JPP-PF (08/18) Real Estate Errors & Omissions Policy Form JPP-MN1 (08/18) Minnesota Changes JPP 148 (08/18) Sellers Shield Deductible Forgiveness JPP 147 (06/16) Consumer Financial Protection Bureau JPP-PIG PD 0719 © 2019 X.L. America, Inc. All Rights Reserved. Page 1 of 2 May not be copied without permission. DATE: 02/28/2020 At to e'--c Authorized Representative Gary P. Pearl - CEO JPP-PIG PD 0719 © 2019 X.L. America, Inc. All Rights Reserved. Page 2 of 2 May not be copied without permission. References: Roger Renner Industrial Land Sale 2018 Owner Industrial Land Sale 2020 EH Renner & Sons 15638 Jarvis St NW Elk River MN 55330 rerenner@ehrenner.com 763-286-8806 Tanya Rice Retail Lease 2019 Owner Azitala Yoga 716 Freeport Ave Elk River MN 55330 info@azitala.com azitala.com 763-595-1099 Ronda ®inch Office Lease 2019 Owner Forensic Mental Health 11090 1831 Circle Suite C Elk giver MN 55330 ronda@emergencebh.com 763-333-8001 Dr. Daniel Bittman Office Sale 2019 Superintendent Land Purchase 2018 ISD 728 11500 193rd Ave NW Elk River MN 55330 daniel.bittman@isd728.org 763-241-3400 612-356-2002 Hardin Companies HardinCompanies.com I..�J REA.iCIt eauu AGENCY RELATIONSHIPS IN REAL ESTATE TRANSACTIONS 1. Page 1 2. MINNESOTA LAW REQUIRES that early in any relationship, real estate brokers or salespersons discuss with 3. consumers what type of agency representation or relationship they desire.'>The available options are listed below.This 4. is not a contract. This is an agency disclosure form only. If you desire representation you must enter into a 5. written contract, according to state law (a listing contract or a buyer/tenant representation contract). Until such time 6. as you choose to enter into a written contract for representation, you will be treated as a customer and will not receive 7. any representation from the broker or salesperson. The broker or salesperson will be acting as a Facilitator (see 8. paragraph IV on page two (2)), unless the broker or salesperson is representing another party, as described below. 9. ACKNOWLEDGMENT: I/We acknowledge that I/we have been presented with the below -described options. 10. I/We understand that until Uwe have signed a representation contract, Uwe am/are not represented by the 11. broker/salesperson. I/We understand that written consent is required for a dual agency relationship. 12. THIS IS A DISCLOSURE ONLY, NOT A CONTRACT FOR REPRESENTATION. 13. (Signature) (Date) (Signature) (Date) 14. I. Seller's/Landlord's Broker: A broker who lists a property, or a salesperson who is licensed to the listing broker, 15. represents the Seller/Landlord and acts on behalf of the Seller/Landlord. A Seller's/Landlord's broker owes to 16. the Seller/Landlord the fiduciary duties described on page two (2).(2) The broker must also disclose to the Buyer 17. material facts as defined in MN Statute 82.68, Subd. 3, of which the broker is aware that could adversely and 18. significantly affect the Buyer's use or enjoyment of the property. (MN Statute 82.68, Subd. 3 does not apply to 19. rental/lease transactions.) If a broker or salesperson working with a Buyer/Tenant as a customer is representing the 20. Seller/Landlord, he or she must act in the Seller's/Landlord's best interest and must tell the Seller/Landlord any 21. information disclosed to him or her, except confidential information acquired in a facilitator relationship (see paragraph 22. IV on page two (2)). In that case, the Buyer/Tenant will not be represented and will not receive advice and counsel 23. from the broker or salesperson. 24. II. Buyer's/renant's Broker: A Buyer/Tenant may enter into an agreement for the broker or salesperson to represent 25. and act on behalf of the Buyer/Tenant. The broker may represent the Buyer/Tenant only, and not the Seller/Landlord, 26. even if he or she is being paid in whole or in part by the Seller/Landlord. A Buyer's/Tenant's broker owes to the 27. Buyer/Tenant the fiduciary duties described on page two (2).(2) The broker must disclose to the Buyer material facts 28. as defined in MN Statute 82.68, Subd. 3, of which the broker is aware that could adversely and significantly affect 29. the Buyer's use or enjoyment of the property. (MN Statute 82.68, Subd. 3 does not apply to rental/lease transactions.) 30. If a broker or salesperson working with a Seller/Landlord as a customer is representing the Buyer/Tenant, he or 31. she must act in the Buyer's/Tenant's best interest and must tell the Buyer/Tenant any information disclosed to him 32. or her, except confidential information acquired in a facilitator relationship (see paragraph IV on page two (2)). In 33. that case, the Seller/Landlord will not be represented and will not receive advice and counsel from the broker or 34. salesperson. 35. Ill. Dual Agency - Broker Representing both Seller/Landlord and Buyer/Tenant: Dual agency occurs when one 36. broker or salesperson represents both parties to a transaction, or when two salespersons licensed to the same 37. broker each represent a party to the transaction. Dual agency requires the informed consent of all parties, and 38. means that the broker and salesperson owe the same duties to the Seller/Landlord and the Buyer/Tenant. This 39. role limits the level of representation the broker and salesperson can provide, and prohibits them from acting 40. exclusively for either party. In a dual agency, confidential information about price, terms and motivation for pursuing 41. a transaction will be kept confidential unless one party instructs the broker or salesperson in writing to disclose 42. specific information about him or her. Other information will be shared. Dual agents may not advocate for one party 43. to the detriment of the other.I3I 44. Within the limitations described above, dual agents owe to both Seller/Landlord and Buyer Tenant the fiduciary 45. duties described below.(2) Dual agents must disclose to Buyers material facts as defined in MN Statute 82.68, Subd. 46. 3, of which the broker is aware that could adversely and significantly affect the Buyer's use or enjoyment of the 47. property. (MN Statute 82.68, Subd. 3 does not apply to rental/lease transactions.) MN:AGMICS-1 (8/19) Minnesota Realtors® InstanetFORMS AGENCY RELATIONSHIPS IN REAL ESTATE TRANSACTIONS 48. Page 2 49. IV. Facilitator: A broker or salesperson who performs services for a Buyer/Tenant, a Seller/Landlord or both but 50. does not represent either in a fiduciary capacity as a Buyer's/Tenant's Broker, Seller's/Landlord's Broker or Dual 51. Agent. THE FACILITATOR BROKER OR SALESPERSON DOES NOT OWE ANY PARTY ANY OFTHE FIDUCIARY 52. DUTIES LISTED BELOW, EXCEPT CONFIDENTIALITY, UNLESS THOSE DUTIES ARE INCLUDED IN A 53. WRITTEN FACILITATOR SERVICES AGREEMENT. The facilitator broker or salesperson owes the duty of 54. confidentiality to the party but owes no other duty to the party except those duties required by law or contained in 55. a written facilitator services agreement, if any. In the event a facilitator broker or salesperson working with a Buyer/ 56. Tenant shows a property listed by the facilitator broker or salesperson, then the facilitator broker or salesperson 57. must act as a Seller's/Landlord's Broker (see paragraph I on page one (1)). In the event a facilitator broker or 58. salesperson, working with a Seller/Landlord, accepts a showing of the property by a Buyer/Tenant being represented 59. by the facilitator broker or salesperson, then the facilitator broker or salesperson must act as a Buyer's/Tenant's 60. Broker (see paragraph II on page one (1)). 61. (') This disclosure is required by law in any transaction involving property occupied or intended to be occupied by 62. one to four families as their residence. 63. (2) The fiduciary duties mentioned above are listed below and have the following meanings: 64. Loyalty - broker/salesperson will act only in client(s)' best interest. 65. Obedience - broker/salesperson will carry out all client(s)' lawful instructions. 66. Disclosure - broker/salesperson will disclose to client(s) all material facts of which broker/salesperson has knowledge 67. which might reasonably affect the client(s)' use and enjoyment of the property. 68. Confidentiality - broker/salesperson will keep client(s)' confidences unless required by law to disclose specific 69. information (such as disclosure of material facts to Buyers). 70. Reasonable Care_- broker/salesperson will use reasonable care in performing duties as an agent. 71. Accountina - broker/salesperson will account to client(s) for all client(s)' money and property received as agent. 72. (3) If Seller(s)/Landlord(s) elect(s) not to agree to a dual agency relationship, Seller(s)/Landlord(s) may give up the 73. opportunity to sell/lease the property to Buyer(s)/Tenant(s) represented by the broker/salesperson. If Buyer(s)/ 74. Tenant(s) elect(s) not to agree to a dual agency relationship, Buyer(s)/Tenant(s) may give up the opportunity to 75. purchase/lease properties listed by the broker. 76. NOTICE REGARDING PREDATORY OFFENDER INFORMATION: Information regarding the predatory offender 77. registry and persons registered with the predatory offender registry under MN Statute 243.166 may be 78. obtained by contacting the local law enforcement offices in the community where the property is located, 79. or the Minnesota Department of Corrections at (651) 361-7200, or from the Department of Corrections Web site at 80. www.corr.state.mn.us. MN:AGMISC-2 (8/19) Minnesota Realtors® InstanetFORW t.#.r H HARDIN COMPANIES HARDIN COMPANIES DSICLOSURE Multiple Offers As an OWNER/SELLER, you have the option of how you would like HARDIN COMPANIES to handle multiple offe rs. Please Initial One: Inform ALL buyers and/or party representing buyers of the existence of other offers. Inform all buyers or the party representing buyers of the existence of other offers, ONLY WHEN ASKED by buyer or party representing buyers. Inform NO ONE of the existence of other offers. Disclosure Seller/Landlord Disclosure of Material Facts, Delivery of Reports, and Compliance with Laws. Sellers/landlords are hereby requested to disclose directly to buyers/tenants all facts known to sellers/landlords that materially affect the value or desirability of the Property and are not readily observable nor known to the buyer/tenant, including, but not limited to, facts regarding hazardous materials, zoning, construction, design, engineering, soils, title, survey, fire/life safety, proneness to natural hazards such as earthquakes, and other matters, and to provide buyers/tenants with copies of all reports in the possession of or accessible to sellers/landlords regarding the Property. Sellers/landlords and buyers/tenants must comply with all applicable federal, state and local laws, regulations, codes, ordinances and orders, including, but not limited to, the 1964 Civil Rights Act and all amendments thereto, the Foreign Investment in Real Property Tax Act, the Comprehensive Environmental Response Compensation and Liability Act, and The Americans With Disabilities Act. Broker@ a Services HARDIN COMPANIES is a licensed real estate brokerage in the State of Minnesota engaging in real estate marketing. If you need advice including but not limited to: legal, tax, title, inspection, construction, surveying, zoning, environmental or other services, please consult the appropriate professional. Information deemed reliable but not guaranteed. Owner/Seller Signature Date Broker Date Owner/Seller Signature Date Page 1 of 1 ,%tall9r COMMERCIAL LISTING CONTRACT: EXCLUSIVE 'z This form approved by the Minnesota Association of REALTORS" and the Minnesota Commercial Association of REALTORSO, which disclaims any liability arising out of use or misuse of this form. © 2020 Minnesota Association of REALTORSO, Edina, MN 1. Date _ 2. Page 1 3. DEFINITIONS: IN CONSIDERATION OF the Contract of Partner. Raal Estate Mn LLC Hardin Companies (Real Estate Company Name) 4. (`Broker") to undertake to❑SELL ❑LEASE (if only SELL is checked, all references to Lessor, tenant, or lease do not apply; ----(Check all that apply.)--- 5. if only LEASE is checked, all references to Seller, buyer, or sale do not apply) the property hereinafter described, 6. (e.g., trust, power of attorney, conservator, etc.) 7. ("Seller and/or Lessor") grants to Broker the exclusive right to sell and/or lease or contract to sell and/or lease the property at 8 413 Proctor Ave NW , 9. City of Elk River , County of Sherburne , State of 10. Minnesota, Zip Code 55330 and legally described as EXEMPT'LOTs 1 &` 2 BL& 2 E 50 FT OF LOT 3 BLK 2 11. EXEMPT S 1-2 OF LOT it & 12 BLOCK 2 and N 1-2 OF LOTS 11 & 12, ELK 2 ("Property") 12. for the period from the date of this Contract through and including , for the sum 13. of `upon `1�p following terms 14. 15. 16. or at any other price, terms or exchange to which Seller and/or Lessor may consent. 17. This Contract terminates upon successful closi(fig and/or Lease of the Pro?oerty(ies) specified in this Contract or 18. expiration or cancellation of this Contract, whichever furs fir 19. This Contract may only be canceled by written mutyal dgreerrmnt of the -parties. 20. Seller and/or Lessor understands that ser may lid oth6f properties-4uring the term of this Contract which may 21. compete with Seller's and/or Lessdr's Property for potential b,Wers and/or tenants. 22. MLS DATA FEED OPTIONS: 23. EXPLANATIONS AND DEFI#ITIONS: 24. "IDX site" means a web site operafdrby a broker parting in the MLS on which the broker can advertise the 25. listings of other brokers in_MLS;ubjeCt to certain 1S rules. The consumer visiting an IDX site is not required to 26. register on the site'br to havL§-a bro4ragE`relationship with the broker displaying listings on the site. 27. "Virtual office'web,site" J"VOW") means a web site operated by a broker participating in the MLS that delivers 28. brokerage *vices to consumWs over theNorlcpwide web. Visitors to a VOW are required to register on the site (with 29. their name aad a Nal e-mail adoressk and enter a brokerage relationship with the broker operating the VOW. The 30. broker operating the`VOW can then silow the visiting customer/client nearly all of the information available to the 31. broker in MLS. Th�R selld'*(s) of a listing has the right to opt out of certain kinds of data display under the MLS's VOW 32. policy. The MLS impales r arioiA otter rules and restrictions on VOWS. 33. For each of the following tions, tine MLS system automatically defaults to "Yes." Seller's and/or Lessor's instructions 34. pertaining to the Internet plpy of the MLS input data for the Property are as follows: 35. Option 1. Listing display on the Internet. If Seller and/or Lessor selects "No," this listing will not be included in MLS 36. data feeds to Internet web sites that display property listing data, whether intended for advertising the 37. Property or providing online brokerage services (e.g., VOWS). Brokers participating in MLS can still disclose 38. the listing to customers/clients via other means, including e-mail, fax, mail, hand delivery, and orally. 39. Shall the Property listing be displayed on the Internet, including sold information? ❑X Yes ❑ No 40. Seller and/or Lessor understands and acknowledges that if Seller and/or Lessor has selected "No" for 41. Option 1, consumers who conduct searches for listings on the Internet will not see information about the 42. Property in response to their searches. Minnesota MNC:LC:E-1 (8/20) I(Realtors® TRANSACTIONS Tms='i Desk Edition 44. Property located at 413 Proctor Ave NW COMMERCIAL LISTING CONTRACT: EXCLUSIVE 43. Page 2 Elk River MN 55330 45. If "No" was selected at Option 1, skip Options 2-4. If "Yes" was selected for Option 1, continue to Option 2. 46. Option 2. Listing address (Property and unit numbers and street name) display on the Internet. If Seller and/ 47. or Lessor selects "No," the address of the Property will be hidden on web sites receiving data feeds from 48. MLS that result in Internet listing display, whether intended for advertising the Property or providing online 49. brokerage services (e.g., VOWs). Brokers participating in MLS can still disclose the address to customers/ 50. clients via other means, including e-mail, fax, mail, hand delivery, and orally. 51. Shall the listing address (Property and unit numbers and street name) be displayed 52. on the Internet? X❑ Yes ❑ No 53. Option 3. An automated valuation of the Property listing or a link to an automated valuation of it may be 54. displayed adjacent to the listing. Some VOWs or IDX sites may provide an automated valuation model 55. ("AVM") function/service. An AVM uses statistical calculations to estimatle the value of a property based 56. upon data from public records, MLS, and other sources, and incor0orat06 certain assumptions. The 57. accuracy of AVMs has sometimes been criticized because they do,rot take into consideration all relevant 58. factors in valuing a property. Seller and/or Lessor, by selecting "N6," may prohibit display of an automated 59. valuation of his or her listing adjacent to the listing. 60. Shall an automatic valuation of the Property listing or a lirik to an automated 61. valuation be displayed adjacent to the listing? 0 Yes ❑ No 62. Option 4. Comments or reviews of the Property by person 'otherthan the displaying bx9ker ipay be displayed 63. with or attached as a link to the listing data 4f the -Property. Same VOWs or tl sites may provide 64. functionality that permits the customers/clients using th,64C N or IDX site to enter comments or reviews 65. with the listing or by hyperlink to such comments or reviews. Note that the broker displaying the listing 66. on his or her VOW or IDX site may add commentary represpnting his or her professional judgment regarding 67. the listing's value, etc. 68. Shall comments or reviews of the Property-0 y persons other tlyan tt%displaying 69. broker be displayed with or attached arp a link ta.the listir data *the Property? ❑X Yes ❑ No 70. SELLER'S AND/OR LESSOR'S OBLIGATION: It isagreed-that �ePte�r an*or Lessor shall promptly furnish Broker 71. with complete information concerning' any person who�during the period of this Contract makes inquiry to Seller and/ 72. or Lessor regarding the sale, exctfang�, or leas+-- of the Property. 73. If the Property is sold, SellerXiere4y agrees to fprnish tolouydr an Abstract of Title, a Registered Property Abstract 74. or an ALTA Title Insurance C�mmitrnent, certified to date, to;incode proper searches covering bankruptcies and state 75. and federal judgments and lien, an&to,execute or cau_s-etotv6 executed a deed conveying title to the Property to the 76. buyer and any further documents,as maybe requirQ d to ponsummate the sale in accordance with the terms above 77. designated or with -the term-6-to wh10 Setter may hereafter consent. 78. Seller and/or Lessor fprtherA@rees to prornptlylnotify Broker of any notices pertaining to the Property which are hereafter 79. received during t4ee term of thi,$ Contract: , 80. It is further agreed"'that Seller and/or Lessor shall permit Broker to erect a "For Sale" and/or "For Lease" sign on the 81. Property and to�remdue all other "'Fori Sale" and/or "For Lease" signs from the Property during the period of this 82. Contract. Seller ai d/orlessor shall permit Broker to place information on the Minnesota Commercial Property 83. Exchange ("MCPE") er other type of,multiple listing service forum ("MLS") and the Internet concerning the Property. 84. Upon final acceptance of a purchase and/or lease agreement, Seller and/or Lessor allows Broker to withdraw the 85. Property from the market.A�roor may notify the MCPE or MLS and member REALTORS® of the price and terms of 86. the sale and/or lease. - 87. Seller and/or Lessor has the full legal right to sell and/or lease the Property. 88. Seller and/or Lessor certifies that as of the date of execution of this Contract, Seller and/or Lessor has not received 89. any notice of building, health, or fire code violations, nor vacant building registration notification, nor notice of hazardous 90. waste on the Property, nor notice of condemnation pertaining to the Property, except as herein noted (if none, state 91. "none"): 92. 93. Minnesota MNC:LC:E-2 (8/20) Realtors® TRANSACTIONS Trarsw imDesk Editim COMMERCIAL LISTING CONTRACT: EXCLUSIVE 94. Page 3 95. Property located at 413 Proctor Ave NW Elk River MN 55330 96. Access to the Property: To facilitate the showing and sale and/or lease of the Property, Seller and/or Lessor authorizes 97. Broker to: 98. 0 access the Property; 99. X❑ authorize other brokers and their salespersons, inspectors, appraisers, contractors, and other industry professionals 100. to access the Property at reasonable times and upon reasonable notice; and 101. 0 duplicate keys to facilitate convenient and efficient showings of the Property. 102. Authorizing access means giving Broker permission to: 103. 1. authorize the above -referenced persons to enter the Property, with or without a licensed salesperson present; 104. 2. disclose any security codes necessary to enter the Property; and 105. 3. lend a key to enter the Property, directly or through a lockbox. 106. Seller and/or Lessor agrees to commit no act which might tend to obstruct Brokef's p90formance. If the Property is 107. occupied by someone other than Seller and/or Lessor, Seller and/or Lessor shall cpmply with Minnesota law and 108. applicable lease provisions of an existing lease and provide tenant with any recjuired rhtice in advance of any Property 109. showing. 110. Seller and/or Lessor understands that prospective buyers/tenants an&�eys authoria�d to"access the Property may 111. record the Property by photograph, video, or other medium while atcesg the Property. 112. RECORDING ON THE PROPERTY: Seller and/or Lessor und&staW that ( Statute 626A.Bq s98cifically prohibits 113. the interception of oral communications without the consenf Rf at Ibest one of ttt two parties to -the communication. 114. Seller and/or Lessor should seek appropriate legal advice regardbV co ianc�gwith this statute if Seller and/or Lessor 115. intends to utilize technology that may intercept oral communicationsbetween persons other than Seller and/or Lessor. 116. SELLER AND/OR LESSOR CONTENT LICENSO: In the event Seller arxq/or Lessor provides content, including, but 117. not limited to, any photos or videos of the Propely ("filer an&w Lessorpont4t") to Broker, Seller and/or Lessor e 118. grants to Broker a nonexclusive, perpetual, world-wi , tr�nsfeqble, roy [free,4pense to sub -license (including through 119. multiple tiers), reproduce, distribute, display, perform�and�crea*. derivative rks of the Seller and/or Lessor Content. 120. Seller and/or Lessor represents and wets that Seltpr armor t essor s authority to provide Seller and/or Lessor 121. Content and Seller and/or Lessor Corf(entdoes rrbt violate Rny restOctions regarding use including any third -party intellectual 122. property rights orlaws. Seller and/brLeWoragirees�oexecutipany1urtherdocuments that arenecessarytoeffectthislicense. 123. NOTICE: THE COMPENS*TION- RATE "FOR THE SALE, LEASE, RENTAL, OR MANAGEMENT OF REAL 124. PROPERTY SHALL BE 6ET9RMINED BE iNEE' W EACH INDIVIDUAL BROKER AND ITS CLIENT. 125. BROKER'S COMPENSATION: (FiU a ail bunks.) 126. COMPENSATION FOF SALE: (Ax be bWnp4 ed only if Property is being offered for sale.) Seller shall pay Broker 127. a retainer * of t 0.00 when Seller signs this Contract. Broker shall keep this fee even if 128. Seller does not sell tke Property.. [Mrther agreed that Seller shall pay Broker a brokerage fee of: 129. (Check any that apply. 130. ❑ percRnt ( ,of-fhe Vice for which the Property is sold or exchanged; 131. ❑ $ 132. ❑ $ 133. K OTHER: 6% of sale price or appraised value whichever is greater. 134. 135. 136. upon the occurrence of any of the following conditions, identified in lines 153-201. per square foot; J MNC:LC:E-3 (8/20) Minnesota W Realtors® TRANSACTIONS T,.w -D.kFdt1cn 138. Property located at 413 Proctor Ave NW COMMERCIAL LISTING CONTRACT: EXCLUSIVE 137. Page 4 Elk River MN 55330 139. COMPENSATION FOR LEASE: (To be completed only if Property is being offered for lease.) Lessor shall pay Broker a 140. retainer fee of $ -_ when Lessor signs this Contract. Broker shall keep this fee even 141. if Lessor does not lease the Property. It is further agreed that Lessor shall pay Broker a brokerage fee of: 142. (Check any that apply.) 143. ❑ 144. ❑ 145. ❑ $ 146. ❑ $ 147. ❑ $ percent (%) of the total gross obligation of the lease price; percent (%) of the total net obligation of the lease price; per useable square foot; r rentable square foot; 148. X1 OTHER: $2.00 per square foot per year of leased space. 149. 150. 151. upon the occurrence of any of the following conditions, identified inlines,153-201 andi4aid Osthe following manner: 152. 50 percent (%) upon lease execution and 50 percale (*upon lease occupancy. 153. COMPENSATION CONDITIONS: 154. 1. The sale and/or lease, contract for sale and/or lease, exchaNe ortonv,pyance of the Property during the period 155. of this Contract by Broker or any other persor__including but Rat lirrdted to, Seller and/or Lessor or any other 156. agent or broker not a party to this Contract, ii ac'rdance with pride, terms, or exchange as set forth here 157. or as otherwise consented to by Seller and/aft' Lessor; - 158. 2. A buyer and/or tenant is procured, whether by�Broker,-Ei@ller armor Lessor or anyone else, who is ready, willing 159. and able to purchase and/or lease the Property,#t the pride and tern efforth above and Seller and/or Lessor 160. refuses to sell and/or lease; 161. 3. A Seller and/or Lessor agree§,(o sell and)br lease tine Property before the expiration of this Contract, and Seller 162. refuses to close the sale a6d/or Lessor refuses to pominence the lease in accordance with the terms of the 163. executed lease agreemerl�; 164. 4. A Seller and/or Lessor reTove6,the Pope e rT"et before expiration of this Listing Contract; 165. 5. If Seller and/or Lessor grants ap option a anger lease the Property, Seller and/or Lessor shall compensate 166. Broker, as provielgffhei6, based op the mice paid fortheoption and for any extensions of the option. This compensation 167. shall be paid"upog ra�peipt bysellw ancYor Lessor of any such payments. In the event such option is exercised, 168. whetherduringthe term OlVis dbntract�or udlljtrin 6_ months after, Seller and/or Lessor shall also compensate 169. Broker lckn the`gross sale and/or f'6ase pHW of the Property in accordance with the provisions here. 170. Notwithstanding the foregoing, ro thT extent that all or part of the price paid for the option or any extension of the option 171. is applied to the sA and/or Idase price of the Property, then any compensation previously paid by Seller and/or 172. Lessor to Broker on abcou& of such option payments shall be credited against the compensation payable to 173. Broker on account V the exerpt'se of the option; 174. 6. During the term of this �hg Contract or within 180 _ days (not to exceed six (6) months, except for the 175. purchase or sale ofa business in which case it cannot exceed two (2) years) after the expiration of this Listing Contract: 176. (a) the Property is acquired by a public authority; 177. (b) an agreement to acquire the Property is reached with a public authority; or 178. (c) a public authority institutes eminent domain/condemnation proceedings to acquire the Property; 179. 7. Seller and/or Lessor contributes or conveys the Property or any interest therein to a partnership, joint venture or 180. other business entity during the term of this Contract in lieu of a sale and/or lease of the Property during the term 181. of this Contract; MNC:LC:E-4 (8/20) Minnesota Realtors® TRANSACTIONS Tranaaction°ak Edition COMMERCIAL LISTING CONTRACT: EXCLUSIVE 182. Page 5 183. Property located at 413 Proctor Ave NW Elk River MN 55330 184. 8. Seller and/or Lessor is a partnership or other business entity, and an interest in the partnership or other business 185. entity is transferred, whether by merger, outright purchase and/or lease or otherwise in lieu of sale and/or lease 186. of the Property during the term of this Contract; or 187. 9. If within 18 0 _ days (not to exceed six (6) months, except for the purchase or sale of a business in which case 188. it cannot exceed two (2) years) after the end of this Contract, Seller and/or Lessor sells and/or leases or agrees 189. to sell and/or lease the Property to anyone who has made an affirmative showing of interest in the Property by 190. responding to an advertisement or by contacting the Broker or salesperson involved or has been physically shown 191. the Property by the Broker or salesperson. It is understood that Broker shall not seek to enforce collection of a 192. compensation under this subparagraph nine (9) unless the name and address of the prospect is on a written list 193. given to Seller and/or Lessor within 72 hours after expiration of this Listing Contract. 194. IF YOU RELIST WITH ANOTHER BROKER WITHIN THE OVERRIDE PERIOD AND THEN SELL AND/OR 195. LEASE YOUR PROPERTY TO ANYONE WHOSE NAME APPEARS ON THIS LIS,% YOU COULD BE LIABLE 196. FOR FULL COMMISSIONS TO BOTH BROKERS. IF THIS NOTICE IS NOT FULLY UNDERSTOOD, SEEK 197. COMPETENT ADVICE. 198. As security for Broker's compensation, Seller and/or Lessor hereby grar to Rro4er a'security interest in the lease 199. payments from the lease of the Property or proceeds from a sale and a tit company or dither closer who conducts 200. the closing on the sale and/or lease of the Property is directed to dL%bursothe Broker'sVmp)Bnsation provided here 201. to Broker at the time of closing. 202. COMPENSATION DISCLOSURE: Broker ❑X SHALL ❑ SHALL NOT offwcort)pensation to cooperating brokers. ---------------(Check 203. If SHALL, the compensation to cooperating brokers shall be asVlows: 204. ❑ % of the gross sales and/or lease prior $ , whichever is greater, to 205. cooperating brokers representing buyer anaTur tenant 206. ❑ % of the gross sales and/or lease pi ce car-$ _ _ , whichever is greater, to 207. cooperating brokers assisting buyer and/or tenant. , 208. FRI Other: 3% of the gross sales price and/or $1.0;; psf per year of leased space to 209 cooperating brokers representing buyer and/o !:.enant. 210. FORFEITURE OF EARN EV MONEY: If gkuypr of the Pr9perky defaults and as a result forfeits the earnest money, 211. Seller shall receive _100 -_ perceM*) and Broker itftli,oeceive 0 percent (%) of the earnest money. 212. CLOSING SERVICES: 213. NOTICE: TA RRAL 1E.�TA-N BRQKE)Ri., LICENSEE REPRESENTING SELLER OR REAL ESTATE 214. AGLOSI`NG AGED HAS NOT EX'V',RESSED AND, UNDER APPLICABLE STATE LAW, MAY NOT 215. `FXPRESS OPINION RkGARG THE LEGAL EFFECT OF THE CLOSING DOCUMENTS OR OF 216. TN CLOSING ITSELF. 217. After a purchase aWeenr ant for tl4e Property is signed, arrangements must be made to close the transaction. Seller 218. understands that SeNr ma* arfan for a qualified closing agent or attorney to conduct the closing, or Seller may 219. ask Broker to arrange fly the cl ng. Seller understands that Seller may be required to pay certain closing costs 220. which may effectively reduce tpe proceeds from the sale. 221. Seller's choice for closing services: (Check one.) 222. ❑ Seller directs Broker to arrange for a qualified closing agent to conduct the closing. 223. ❑ Seller shall arrange for a qualified closing agent or Seller's attorney to conduct the closing. 224. (Seller's Initials) (Seller's Initials) MNC:LC:E-5 (8/20) Minnesota Realtors TRANSACTIONS Tr sacdon0esk Edlfien 226. Property located at 413 Proctor Ave NW COMMERCIAL LISTING CONTRACT: EXCLUSIVE 225. Page 6 Elk River MN 55330 227. ADDITIONAL COSTS: Seller acknowledges that Seller may be required to pay certain closing costs, which may 228. effectively increase the cash outlay at closing. 229. FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT ("FIRPTA"): Section 1445 of the Internal Revenue Code 230. provides that a transferee ("Buyer") of a United States real property interest must be notified in writing and must 231. withhold tax from the transferor ("Seller") if the transferor ("Seller") is a foreign person, provided there are no applicable 232. exceptions from FIRPTA withholding. 233. Seller represents and warrants that Seller ❑ IS ❑X IS NOT a foreign person (i.e., a non-resident alien individual -------(Check one.)------ 234. foreign corporation, foreign partnership, foreign trust, or foreign estate) for purposes of income taxation. 235. Due to the complexity and potential risks of failing to comply with FIRPTA, Seller sh"seek appropriate legal and 236. tax advice regarding FIRPTA compliance, as Broker will be unable to confirm)ihether Seller is a foreign person 237. or whether the withholding requirements of FIRPTA apply. 238. AGENCY REPRESENTATION: 239. X❑ Seller and/or Lessor will agree to a dual agency representation z d'tyilr consider-qffers'made by buyers and/or 240. tenants represented by Broker. 241. ❑ Seller and/or Lessor will not agree to a dual agency repreAntapon and yell not consider-Qfferg>by buyers and/ 242. or tenants represented by Broker. 243. Real Estate Company Name: Partners Real Estate Hn LLC Hardin Companies 244. By: (licensee) 245. Seller and/or Lessor: 246. Seller and/or Lessor: Date: _- Date: - 247. OTHER POTENTIAL SELLERS AND/OR LE,SSORS:,Seller apd/or Lesaor understands that Broker may list other 248. properties during the term of this,6ont Selliar and/or\Lessur consents to Broker representing such other potential 249. sellers and/or lessors before,.d`uring-, and after t6e expiration bf this Contract. 250. PREVIOUS AGENCY RELATIONSHIPS: Broker, or isen representing Seller and/or Lessor, may have had a 251. previous agency relationship wigs a buyer andior tenant ref Seller's and/or Lessor's Property. Seller and/or Lessor 252. acknowledges that ro ems, or liceqee representing -Seller and/or Lessor, is legally required to keep information 253. regarding the ultiFnate rice aril terms the buyer and/or tenant would accept and the motivation for buying and/or 254. leasing confid6nti4 if known, 255. TERMINATION 00-FIDUCIARY DUTItS: Brolker's fiduciary duties, except the duty of confidentiality, terminate upon 256. the successful olpsin�,and/or lease of Ithe Property(ies) specified in this Contract or expiration or cancellation of this 257. Contract, whichevegr ocdurs first. 258. INDEMNIFICATION: Bracer will r9iy on the accuracy of the information Seller and/or Lessor provides to Broker. Seller 259. and/or Lessor agrees to in*n)nify and hold harmless Broker from and against any and all claims, liability, damage, 260. or loss arising from any misrepresentation, misstatement, omission of fact, or breach of a promise by Seller and/or 261. Lessor. Seller and/or Lessor agrees to indemnify and hold harmless Broker from any and all claims or liability related 262. to damage or loss to the Property or its contents, or any injury to persons in connection with the marketing of the Property. 263. Indemnification by Seller and/or Lessor shall not apply if the damage, loss, or injury is the result of the gross negligence 264. or willful misconduct of the Broker. MNC:LC:E-6 (8/20) Minnesota Realtors® TRANSACTIONS TransactionDesk Edlian COMMERCIAL LISTING CONTRACT: EXCLUSIVE 265. Page 7 266. Property located at 413 Proctor Ave NW _ Elk River MN 55330 267. ADDITIONAL NOTICES AND TERMS: As of this date Seller and/or Lessor has not received notices from any 268. municipality, government agency, or unit owners' association about the Property that Seller and/or Lessor has not 269. informed Broker about in writing. Seller and/or Lessor agrees to promptly inform Broker, in writing, of any notices of 270. such type that Seller and/or Lessor receives during the term of this Contract. 271. This shall sere as Seller's and/or Lessor's written notice granting Broker permission to obtain mortgage information 272. (e.g., mortgage balance, interest rate, payoff and/or assumption figures) regarding any existing financing on the 273. Property. A copy of this document shall be as valid as the original. 274. MISCELLANEOUS: This Contract is binding upon the heirs, successors, and assigns of the parties. 275. All of the representations and covenants of this Contract shall survive and be enforceable after termination of this 276. Contract. 277. This Contract constitutes the complete agreement between the parties and dupe;sedes any prior oral or written 278. agreements between the parties relative to the provisions herein. No amenrdffient, rr�adificatlon, or extension of this 279. Contract shall be valid or binding unless made in writing and signed by IZ6th Sp lar and%or Lessor and Broker. 280. This Contract shall be governed by the laws of the State of Minnesotd. 281. ENTIRE AGREEMENT: This Contract and all addenda and arradndrr ants signed by the parties Shall constitute the 282. entire agreement between Seller and/or Lessor and Broker. Afiy other writted br oral commuripapo'n between Seller 283. and/or Lessor and Broker, including, but not limited to, a-maN, test mesdagerf, or other electronic communications 284. are not part of this Contract. This Contract can be modified or cagcele lunly in writing signed by Seller and/or Lessor 285. and Broker or by operation of law. All monetary sums are deemedtip be United States currency for purposes of this 286. Contract. 287. ELECTRONIC SIGNATURES: The parties agree�,he tronic mature -qf an)Pparty on any document related to 288. this transaction constitute valid, binding signatures, 289. CONSENT FOR COMMUNICATION 5ZtWand/or Lessor Mithoozes Bracer and its representatives to contact Seller 290. and/or Lessor by mail, phone, fax, e-mail, teA message or gMer means of communication during the term of this 291. Contract and anytime thereafter'. 292. OTHER: 293. 294. 295. 296. 297. 298. 299. 300. 301. 302. 303. 304. MNC:LC:E-7 (8/20) Minnesota Realtors® TRANSACTIONS T-SacttonDesk Edition 306. Property located at 413 Proctor Ave NW 307. BROKER 308. ACCEPTED BY: partner. Real Estate Mn LLC Hardin Companies (Real Estate Company Name) 309. By: — (Licensee's Signature) 310. Ryan D Hardin (Licensee's Printed Name) 311. (Date) 319 15681 Andrie ST NW (Address) 313. Ramsey (City/State/Zip) 314. 612-860-6177 (Phone) 315. (E-Mail Address) 316. 317. 318. 319. 320. 321. 4yli� 323. 324. 325. 326. >N 55303-8011 COMMERCIAL LISTING CONTRACT: EXCLUSIVE 305. Page 8 SELLER AND/OR LESSOR ACCEPTED BY: (Business Entity or Individual Name) By: (Seller's and/or Lessor's Signature) City Of Elk River (Seller's and/or Lessor's Printed Name) Its: (Title) (Date) (Address) (E-Mail Address) ,SELLtRAND/OR LESSOR "AC1;EPTE ,EY: (Business Entity or Individual Name) By (Seller's and/or Lessor's Signature) (Seller's and/or Lessor's Printed Name) Its: (ritle) (Date) (Address) (City/State/Zip) (Phone) (E-Mail Address) 327. THIS IS A LEGALLY BINDING CONTRACT BETWEEN SELLER AND/OR LESSOR AND BROKER. 328. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. MNC:LC:E-8 (8/20) Minnesota Realtors® TRANSACTIONS Tren VanDnk Edition WIRE FRAUD ALERT Internet fraud — the use of Internet services or software with Internet access to defraud victims — is on the rise in real estate transactions. THESE SOPHISTICATED CRIMINALS COULD: • HACK INTO YOUR E-MAIL ACCOUNT or the e-mail of others involved in your real estate transaction and* aq direct you to wire money to the hacker's account. • SEND FRAUDULENT E-MAILS that'appear to be from your real estate licensee, lender, or closing4gept. • CALL YOU claiming they have-fdvi,sed wiring instructions. Buyers/Tenants and sellers/Owners are advised to: (1) Never wire funds without confirming the wiring instructiohs"dirgetly with the intended recipient. (2) Verify that the contact information for the .wire transfer Ncipi+ent is legitimate by calling a known phone number for the broker or closing -6gerit.- Do not rely Qn the information given to you in an e-mail communication. (3) Never send personal information through pMecured/uner [pted e-mail. If you suspect wire fraud in your transaction: (1) Immediately notify yo'er batik, cloAng- rt, anq rq° l estate licensee. (2) File a complaint online alAhe (iterpetlCjme Coplaint Center (IC3) at http://www.ic3.gov. The undersigns acknowledge reckipt ofthis'wire fraud alert and understand the importance of taking proactive measures to avoid beiN a'victimVof wire fraud in a real estate transaction. (Signature) (Date) (Signature) (Date) This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2018 Minnesota Association of REALTORS®, Edina, MN MN-WFA (8/18) Minnesota Realtors TRANSACTIONS Trem d-D.k Etion ` 9�� 7 elp"kIPS TAW" !;;o NorthstarMLS LOTS & LAND LISTING INPUT FORD Disclosures By signing the authorization section below, the Seller acknowledges the following discWures 1. The Seller's real estate broker (the Broker) is a participant in the Regional Mulpole Li g S� ice of Minnesota, Inc. (RMLS). 2. The Seller has authorized the Broker to give the information on this form ab6bt the Seller'"rop&dy to RMLS. 3. All data submitted to RMLS becomes the sole property of RMLS. 4. RMLS assumes no responsibility or liability to the Seller for errors or'omi§sions on his form or in the RMLS computer system. 5. The Broker is required to promptly provide information to RMLS abut arf .chaOige i�Ystatus or price of the Seller's listing. 6. If the Seller's property is sold, the Broker must report to RMLS the price"and terrors of the sale. 7. Neither the Seller nor any prospective buyer of the propgty-ban alter the Brother's tesponsibility to report all such data to RMLS by agreement among them. 8. RMLS shall retain and make available all such data arto ph6tag&p phs t�all.its pa�ti iants (real estate brokers, appraisers, and affiliated professionals) for an indefinite period. 9. Under no circumstances will RMLS permit ut the S;4er'4istinp4o belted from RMLS's systems in order to conceal any information, including information th6t the property was I�sted fqr a period of time by another broker or brokers. 10. The Broker's use of RMLS's systen3d is sypbject to theiduties imposdd on the Broker by the rules and regulations of RMLS and by the Code of Ethics of the Natiolal Associatior9 of rZEALTOR3®. 11. At the request of the Broker, unless fike fiel.a4lled Display Lis n Internet is marked "NO", RMLS will electronically transmit information about the Seller's property-p Internet web siteaXord in marketing the property for sale. 12. At the request of the Bz6ker, unless i°be field�calle&Display Address on Internet is marked "NO", RMLS will include the address of the Seller's propipAy ir�transn*sions+of d" to Ab sites. Authorization: I have read and understood the disclosures above. _ I certify the the information contained on this form is accurate to the best of my knowledge. 0& The Listing Contract Staffs and ends at 11:59 P.M. on Owner (Signature) i4W Owner (type or print) _ _ City of Elk River Owner (Signature) Real Estate Company Partners Real Estate Mn LLC Hardin Companies Owner (type or print) By (Agent Signature) Ryan D Hardin Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. InstanetFORMS'Rev. 2/20 LOTS & LAND List Number Date Entered 202 Status ❑ Active ❑ Comp Sold Listing Office Name Partners Real Estate Mn LLC Hardin Companies Listing Office Phone 612-356-2002 State County 11W Municipality MN Sherburne Elk River Plus 4 Zip Extension :Postal City 216! Section # M BLACK Boxes are required, except on Comp Sold listings. 40 BLACK OVALS are required for Comp Sold listings and all others Q WHITE BOXES are not required Zip Code 55330 Township # 2181 Range # Street Number 7 220 Street Direction Prefix 413 ❑None ON ❑S ❑E ❑W ❑NW LINE ❑SW ❑SE Street Name 222 ' Street Suffix Proctor Ave NW ❑ Avenue ❑ Boulevard ❑ Circle ❑ Drive ❑ Lane 2231 Street Direction Suffix ❑ Parkway ❑ Place ❑ Road ❑ Street ❑ Trail ❑ None ❑ N ❑ S ❑ E ❑ W ❑ NW ❑ NE ❑ SW ❑ SE ❑ Terrace ❑ Way ❑ Other 224 Fire Number School District 2261 Complex/Development/Stobdivision Name 728 - Elk River Directions (300 characters available) _ I Property ID Number IM Multiple PIDs? Tax Year Homestead 75-409-0205 IdYes ❑ NO IM 2020 ❑Yes Ili1f NO Tax Amount I Assessment Pending Assessment Batance Tax with Assessments 0 ❑ Yes ❑ No ❑ Unknown Plat Recorded Legal Description (200 characters available) . wrsan ewasao. aa�s • i_a op �� f is a�a z`°' ❑ Yes ❑ No a s-a or care u n aa, ese a Property ID #2 75-409-0255 List Price Sub -Agent Comp (WI only) List Agent ID # 496506940 List Agent Phone # 612-860-6177 266J Lock Box Type Cu oose-1) Combo ❑ SenVIock ❑ None ❑ Supra ❑ Risco . • Development Status (choose ❑ Raw Land ❑ Site Plan Filed an List Type (choose only one) ❑ Exclusive Right ❑ Exclusive Agency ZM Lender Owned ❑ Yes Id No ❑ Not Disclosed 241, Property ID #3 75-409-0250 List Date Facilitator Comp (MN only) Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. Al rights reserved. Expiration Date 0 Variable Rate Comp 9 lies, '❑ No List Agent flame 260 Co -List Agent ID # Ryan D Hardin Co -List Agent Phone # 264 j Team Name 267 Lock Box Source (Choose Only 1) ❑ ALEX ❑ ICBR ❑ RASM ❑ SPAAR ❑ BMJ ❑ LKSREG ❑ RANGE ❑ WCMN ® DAAR ❑ MAAR ❑ SCAAR ❑ WWRA ❑AL4A ❑ OTHER ❑ SEMR ❑"Iite,Plan Approved ❑ Finished Lot ❑ Subdivided Buyer Broker Comp ® List Office # 26332 261 Co -List Agent Name 2651 Appointment Phone Lock Box Serial Number ❑ Other sWin Foreclosure ❑ Exclusive Right with Exclusions ❑ Service Agreement I ❑ Yes Iff No ❑ Not Disclosed ❑ Exclusive Agency with Exclusions ❑ Other Potential Short Sale Owner is an Agent Rental License? ❑ Yes M No ❑ Not Disclosed ❑ Yes Id No , ❑ Yes !rd No InstanetFORMS,Rev- 2/20 LOTS & LAND Address 413 Proctor Ave NW LISTING d) 300 Rental License Type (Required if Rental License "Yes") = Auction? ❑ Airbnb ❑ Standard ❑ Short -Term Online Rental Mgmt (STORM) ❑ Other ❑ Yes ❑ No 3Q2j Auction Type (choose only 1, required if auction) 303 Auctioneer License # (if auct) 304 Buyer's Premium? (If auction) ❑ Absolute ❑ Minimum Bid ❑ Reserve ❑ Yes ❑ No 305 Auction Date (If auction) Fractional Ownership? % Ownership (req if Fractional) ❑Yes �No 55330 Page 3 of 6 MULTI -LOT DEVELOPMENT off—D—evelopment (multiple lots included in this listing) 311 Total Lots Available M Yes ❑ No 314 Maximum Price INTERNET default is Yes 118FD-1splay Listing on Internet Display Address on X Yes ❑ No rl Yes ❑ No FINANCIAL elation Fee If yes, these fields i 31 21 Total Lots Sold Acres ® Allow Auto Valuat Display? JO Yes "�❑ -31 AssociatlogFee Frequency ❑ Yeah ® Quarterly ❑ N 313.1 Minimum Price Maximum Acres ® Allow Consumer Comment 9 Yes ❑ No there is an Association Fee) ►❑ Other 1321 Association Fee Includes (required if there is an Association Fee) ❑ Heating ❑ Electric ❑'Sqcurit�Systerfi ❑ PMace ❑ Air Conditioning ❑ Gas ❑ Cor1Xolled'Accesp. ❑ Valet Parking ❑ Sanitation ❑ Cable TV ❑ Professipnal Management ❑ Recreation Facility ❑ Snow Removal ❑ Internet ❑ Dock ❑ Taxes ❑ Lawn Care ❑ Water/Sewer b-Beach Access ❑ Other ❑ Outside Maintenance ❑ Building Exterior ShaO"menitieri ❑ None ❑ Hazard Insurance ❑ Security Staff 33 Association Mgmt Co. Name (required if there is an Associatiop) 13341 Assoc Mijmt Co. Phone # (required if there is an F Insurance Fee (if separate from Associaticri Fee) 336 Insurance Fee Frequency (required if there is an Insurance Fee) �,❑ Aarly ❑ Quarterly ❑ Monthly ❑ Other ® Terms (seller will accept) ❑ FHA ❑ FHA Rehab 203k ❑ DVA ❑ Conventional ❑ r..nnvantinnal Rahnh LAND Ill Lot Measurement j Acres ❑ Square ear Dimensions Minimum Lot Size 21 Agricultural Water ❑ Well ❑ Pond ❑ Other ❑ Ruril DevWopraient ❑ USDA, ZI-Assumabke —1 Adj. mate/Gr. Paynt ent Acres or Square Feet RigfA Dimensions Acres ❑)9ontract For Deed Lease Purchase ❑ Special Funding ❑ MHFA/WHEDA Front Dimensions Land Leased? ❑ Yes ❑ No 350 Tillable Acres ❑ Cash ❑ Contract/Deed w/Assumption ❑ Exchange/Trade ❑ Other Left Dimensions I Monthly Lease Amount if Land Leased) I Wooded Acres Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Instanetl`ORMS'Rev. 2/20 LOTS & LAND Address 413 Proctor Ave NW LAND (continued) •wLand Inclusions ❑ Survey ❑ Abstract ❑ Survey Stakes ❑ Torrens ❑ Platted ❑ Soil Test Available ❑ Easements ❑ Perk Test . r Available Utilities ❑ Electric ❑ Shared Well ❑ Natural Gas ❑ City Sewer ❑ Propane ❑ Storm Sewer ❑ City Water ❑ Private Septic ❑ Private Well ❑ Shared Septic N On -Site Utilities ❑ Electric ❑ Shared Well ❑ Natural Gas ❑ City Sewer ❑ Propane ❑ Storm Sewer ❑ City Water ❑ Private Septic ❑ Private Well ❑ Shared Septic M Improvements ❑ Curbs ❑ Public Road ❑ Paved Streets ❑ Shared Driveway ❑ Unimproved Streets ❑ Sidewalks • f f Restrictions/Covenants ❑ Easements ❑ Architecture Committee ❑ Rentals Not Permitted ❑ Other Building Restrictions ❑ Right of First Refusal ❑ Land Leased ❑ Horses/Livestock Allowed WTopography ❑ Rolling ❑ Hilly ❑ Level ❑ Low Land ❑ Sloped ❑ High Ground M Zoning ❑ Residential -Single Family ❑ Agricultdre ❑ Residential -Multi -Family ❑ Indudirial i ❑ Bus/Commercial A 4071 Builder Name 409 Builder's Association Membersift(s) Builder Restriction ❑ Open (Buyer may uA any builder) ❑ Limited (Buyer limited tophooAg rom two or more specified builitiRrs) ❑ Closed (Buyer limited to a single specified builder) ❑ Topographic Map ❑ For Sale Sign ❑ Watering System ❑ Boat Slip ❑ Telephone ❑ Cable TV ❑ Broadband ❑ Solar ❑ Oil ❑ Telephone ❑ Cable TV ❑ Broadband ❑ Solar ❑ Oil 55330 ❑ Deck ❑ Dock ❑ Other ❑ None ❑ Outhouse ❑ Underground Utilities ❑ Other ❑ None ❑ Outhouse ❑-dikderground Utilities * O*r J None ❑ Storm Sewer ❑ Other ❑ Fence ❑ None ❑ Min)Tum L tt Size ❑ Other Nvena ❑ Mandatory\Owner's Association ❑ Other ❑ None ®.polar O'ted ❑ Ravine L� Flood -Plain ❑ Other ❑ Wallut '"* 9' Lot ❑ Forestry ❑16horlsline ❑ Other Page 4 of 6 License Number (auto -populated from Builder Name) Community Name �4121 Restricted to-Ahese Builders (if Limited or Closed Builder Restriction). (NOTE: -This &pace for listing Builder names ONLY.) OPTIONAL PROPERTY INFORMATION 4201 Assumable ❑ Not Assumable ❑ Yes w/ Qual. (approval) ❑ Yes w/ NO Qualifying 421 Crop Type ❑ Corn ❑ Hay/Alfalfa ❑ Wheat ❑ Beans ❑ Yes w/ Rate Change ❑ Grain ❑ Beets ❑ Information Coming ❑ Other ❑ None Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. InstanetFORMS-Rev. 2120 LOTS & LAND Address 413 Proctor Ave NIN OPTIONAL PROPERTY INFORMATION (continued) 500 Drainage ❑ Average ❑ Excellent ❑ Surface ❑ Good ❑ Natural Type 011 Existing Financing (choose only one) ❑ FHA ❑ Conventional ❑ FHA Rehab 203k ❑ Conventional Rehab ❑ DVA ❑ Rural Development i02 Farm Type ❑ Hobby ❑ Horse ❑ Crop ❑ Beef ❑ Dairy ❑ Livestock _ iO3 Fencing ❑ Wood ❑ Rail ❑ Wire ❑ Composite ❑ Electric ❑ Vinyl ❑ Chain Link ❑ Privacy J Internet Options ❑ Cable ❑ Fiber Optic ❑ DSL 905 Lot Description ❑ Irregular Lot ❑ Corner Lot ❑ Tree Coverage -Light ❑ Tree Coverage -Medium ❑ Tree Coverage -Heavy 5061 Out Buildings ❑ Additional Garage ❑ Barn ❑ Boat House ❑ Bunk House ❑ Chicken Coop/Barn ❑ Dog Kennel ❑ Gazebo ❑ Grain Bin ❑ Additional Land Available ❑ Zero Lot Line ❑ Public Transit (within 6 blks) ❑ On Golf Course ❑ Sod Included in price ❑ Granary ❑ Greenhouse ❑ Guest House ❑ Hen House ❑ Hog House ❑ Hot Tub ❑ Indoor Arena ❑ Lean-Tn 5LI11 Power Company (if in Minnesota or Wfsconstn) f 5081 Property Sub Type ❑ Acreage ❑ Dev*ppmdnt ❑ Commercial Lot ❑ Lake PNperty ❑ Confinement/Livestock 5091 Road Frontage ❑ Private ❑ US,HighAay ❑ City ❑ Interstate ❑ Township ❑ Cul De�3ac ❑ County ❑ Paved Stree4 ❑ State QUnpavo Streets 510 Road Responsibility ❑ Association Maintained Road iJ Private Maintained Road 511 Sale Options :1 46ivide ❑ Sell Entirely ❑ ❑ Will Build to Suit ❑ Will Exchange 5121 Soil Type ❑ Sand ❑ Loam 51 S3 u�rface Water ❑ Lake ❑ Marsh ❑ Clay ❑ Pond ❑ Sprin 55330 ❑ Tile ❑ ARM/GPM ❑ Special Funding ❑ Contract for Deed ❑ Free and Clear ❑ Organic ❑ Tree ❑ Other ❑ None ❑ Invisible ❑ None ❑ Full ❑ Partial ❑ Other ❑ Satellite ❑ None Page 5 of 6 ❑ Accessiblb S*eline ❑ LMderground Utilities ❑ CRP Land Q IslariWPenlnsula ❑ Green Ages _ ❑'Vjpeya'4 ❑,f$ropeft Adjoins Oul Land ❑ Ra" Access ❑ l 4a,ble ❑ BWCA Access ❑ LoafingVed ❑ Screenhouse ❑ Machine Shed ❑ Silo O' Meat Shed ❑ Stables Milklluse ❑ Storage Shed `P O'Ek4door AAMa ❑ Studio ❑ Pde Binding ❑ Tack Room O'koot ellar- ❑ Workshop ❑ Sauna ❑ Other pasture and Timber ❑ Residential Lo ® Recreational ❑ Other ❑ Unimproved ❑ No Outlet/Dead End ❑ Curbs ❑ Sidewalks ❑ Street Lights ❑ Storm Sewer ❑ Forest Service ❑ None ❑ Other ❑ Public Maintained Road ❑ Road Maintenance Agreement ❑ Will Lease ❑ Other ❑ Will Lease Back ❑ Peat ❑ Stream/Creek ❑ Wetlands ❑ Other ❑ Other/See Remarks ❑ None Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. Al rights reserved. InstanetFORMS'Rev. 2120 LOTS & LAND Address 413 Proctor Ave NW WATERFRONT INFORMATION 16001 LaketWaterfront ❑ Lake Front ❑ Lake View ❑ River Front ❑ River View ❑ Deeded Access ❑ Pond 6011 Lake/Waterfront Name 602 Waterfront Frontage (feet) 6061 Lake Chain Name 6051 Lake Depth (feet) 609 Elevation Highpoint to Waterfront Slope ❑ Gradual ❑ Level 6101 Elevation Highpoint to Waterfront Feet ❑ 0-4 ❑ 10-15 ❑ 4-10 ❑ 15-26 6111 Lake Bottom ❑ Gravel ❑ Sand ❑ Hard ❑ Excellent Sand ❑ Rocky ❑ Soft 6121 Waterfront View ❑ Bay ❑ Harbor ❑ City Lights ❑ Lake ❑ Golf Course ❑ Panoramic REMARKS Agent Remarks (generally for agent to agent communication. 1.000 c ❑ Creek/Stream ❑ Dock ❑ Channel Shore 131 DNR Lake ID # Lake Chain Acreage ❑ Steep ❑ 26-40 ❑ Undeveloped ❑ Weeds ❑ Reeds 55330 Page 6 of 6 ❑ Association Access ❑ Shared ❑ Other 604 Lake Acres 6W Road Btwn WF & Home? ❑ Yes ❑ No ❑ 40+ ❑ Wetland ❑ River ❑ See Remarks ❑ North ❑ South 6-East J West icters'availablel Public Remarks (additional property informatioa#- do NOT include contact infoTifation, or marketing or promotional messages made on behalf of the listing broker, seller or third party. 1,000 characters available) - - Financial Remarks (generally for agent to agent communication regarding financial information - do NOT include contact information, or marketing or promotional messaaes] Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc, Al rights reserved. InstanetFORMS-Rev. 2/20 1�Rs/rrPs rrir� a�� NorthstarM�LS COMMERCIAL / MIXED -USE LISTING INPUT FORM Disclosures By signing the authorization section below, the Seller acknowledges the following disclosAs: 1. The Seller's real estate broker (the Broker) is a participant in the Regional Multiple/6sting Service of Minnesota, Inc. (RMLS). 2. The Seller has authorized the Broker to give the information on this form abou<the 1�elle{'s property to RMLS. 3. All data submitted to RMLS becomes the sole property of RMLS. 4. RMLS assumes no responsibility or liability to the Seller for errors or or6ssigns on this form or in4he 14MLS computer system. 5. The Broker is required to promptly provide information to RMLS *ut any changi iWstatus or price,4�f t ie Seller's listing. 6. If the Seller's property is sold, the Broker must report to RMLS the ptiqe arid.lerms of the sale. 7. Neither the Seller nor any prospective buyer of the property can alter the'B(oker's responsibility to report all such data to RMLS by agreement among them. 8. RMLS shall retain and make available all such data al td plptogra to all its party ants (real estate brokers, appraisers, and affiliated professionals) for an indefinite period. 9. Under no circumstances will RMLS permit data about the *flees listfng t9be delr d from RMLS's systems in order to conceal any information, including information thatAre OMperty was,listd�rfor ;�-period of time by another broker or brokers. 10. The Broker's use of RMLS's systems ii subjWr4o the, duties imposed on the Broker by the rules and regulations of RMLS and by the Code of Ethics of the National As"ciation of qEALTORSe. , 11. At the request of the Broker, unle'si� the field called D049ay Listing`orl kernet is marked "NO", RMLS will electronically transmit information about the Seller's propey�f to hgdmet web sites to i n marketing the property for sale. 12. At the request of the Brokff, U111ass the Nld called Display A-ddess on Internet is marked "NO", RMLS will include the address of the Seller's properiyln transmiss%s of*ta 6,web sites. Authorization: Wave read and understAod the disclosures above. I c-ertify _that the information contain_ ed on this form is accurate to the best of m knowledge. �+ The Listing Contract Starts _ and ends at 11:59 P.M. on Owner (Signature) _ Owner (type or print) City of Elk River Owner (Signature) 40Owner (type or print) DReal Estate Company 4& By (Agent Signature) Partners Real Estate Mn LLC Hardin Companies Ryan D Hardin Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. Al rights reserved. InstonetFORMS` Rev. 2/20 COMMERCIAL / MIXED -USE LISTING List Number i 201 1 Date Entered ce Name Partners Real Estate Mn LLC Hardin Companies LOCATION State qW County MN Sherburne Municipality 4W Zip Code Elk River 55330 Postal City 216 1 Section # Street Number 413 PID Street Name Proctor Ave NW 2221 Street Direction Suffix ❑None ❑N ❑S ❑E ❑W ❑NW ❑NE ❑SW 224 Unit Number School District 734 - Henderson Directions (300 characters available) TAX 202 Status ❑ Active ❑ Comp Sold ?04 Listing Office Phone 612-356-2002 Plus 4 Zip Extension BLACK BOXES are required, except on Comp Sold listings. 4D BLACK OVALS are required for Comp Sold listings and all others C WHITE BOXES are not required Township # 218 Range # 220 Street Direction Prefix ❑None ❑N ❑S ❑E ❑W ❑NW LINE ❑SW USE 223 Street Suffix ❑ Avenue ❑ Boulevard ❑ ale ❑ Drive ❑ Parkway ❑ Place PJ Roo ❑ Streel ❑ SE ❑ Terrace ❑ Way ❑ gther . 2261 Complex/Development/Subdivision Name ❑ Lane ❑ Trail r Property ID Number Multiple PIDs? ® Tax fear Homestead 75-409-0205 ®Yes ❑ No �020 J Y'es ®No Tax Amount Assessment Pending Assessment Balance Tax with Assessments o ❑ Yes ❑ No 9 Unknow 0.00 � 0.00 Legal Description (200 characters available) SXEMPT LOTS 1 & 2 BLK 2 E 50 FT OF LOT 3 BLK 2 EXEMPT S 1-2 OF LOT 11 & 12 BLOCK 2 N 1-2 OF LOTS 11 & 12, BLK 2 PiniaperfD`#2 75-409-0255 Zoning Id Residential -Single ❑ BusiAess/pommeregal U�ndukrial ❑ Shoreline ❑ Residential -Multi -Family ❑ A4riculture _ ❑ L'Pt ❑ Forestry LISTING For Sale or Lease 51 Lease Amount Type 252] Lease Type Z For Sale ❑ Wnthly ❑ Gross ❑ Triple Net ❑ For Lease ❑ Yeats ❑ Single Net ❑ Other ❑ For Sale or Lease ' ❑ SquarejFoot ❑ Double Net List Price (sale or leasv�arnt) List Date Expiration Date I Sub -Agent Comp (WI only) Facilitator Comp (MN only) . I Variable Rate Comp ❑ Yes ❑ No List Agent ID # \List went Name 264 Co -List Agent ID # 496506940 _Ryan D Hardin .. List Agent Phone # 267 Co -List Agent Phone # 2681 Appointment Phone 612-860-6177 271, Lock Box Type (Choose 1) 271 j Lock Box Source. (Choose Only 1) ❑ Combo ❑ Sentrilock ❑ ALEX ❑ ICBR ❑ RASM ❑ SPAAR ❑ None ❑ Supra ❑ BMJ ❑ LKSREG ❑ RANGE ❑ WCMN ❑ Risco ❑ DAAR ❑ MAAR ❑ SCAAR ❑ WWRA ❑ GLAR ❑ OTHER ❑ SEMR 240 Property ID #3 75-409-0250 ❑ Other Lease Expiration Date Buyer Broker Comp List Office # 26332 Co -List Agent Name Team Name Lock Box Serial Number Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. InstanetFORM5` Rev. 2/20 COMMERCIAL / MIXED -USE LISTING Address 413 Proctor Ave NW LISTING continued I List Type (choose only one) ® Exclusive Right ❑ Exclusive Right with Exclusions ❑ Exclusive Agency ❑ Exclusive Agency with Exclusions + Construction Status (choose only one) E Previously Owned ❑ Under Construc/Spec Home ❑ Model (for sale) ❑ Completed New Construction ❑ To Be Built/Floor Plan ❑ Model (not for sale) 55330 Page 3 of 10 i ❑ Service Agreement ❑ Other f EM Sale Includes ❑ Business ❑ Inventory ❑ Business Assets ❑ Liquor License ® Building ❑ Fixtures/Equipment ❑ Rental License ❑ Other E Land ❑ Leases In Foreclosure 4W Lender Owned Potential Short Sale I. Owner is an Agent ❑ Yes ® No ❑ Not Disclosed ❑ Yes K No ❑ Not Disclosed ❑ Yes 10 No ❑ Not Disclosed ❑ Yes ® No Yearly/Seasonal �. Rental License? K Yearly ❑ Seasonal ❑ Yes Z No 309 Rental License Type (Required if Rental License "Yes") Auction? ❑ Airbnb ❑ Standard ❑ Short -Term Online Rental Mgmt (STORM) ❑ Other ❑ Yes ® No 3111 Auction Type (choose only 1, required if auction) 312 Auctioneer Licensliee # (if atict) 313 Buyer's Premium? (If auct) ❑ Absolute ❑ Minimum Bid ❑ Reserve ❑ Yes ❑ No 114J Auction Date (If auction) Fractional Ownership? % Ownership (req if'Fractiowt) ❑ Yes Z No LAND & STRUCTURE + Year Built _ Building Finished Square Ft 322 Building Total S4uare Ft Fou tion Size (Sgft) 1975 10098 100984,00 F 10098 324 Foundation Dimensions Total Number of Units 326 Number Efficiencies 327 Number of 1 Bed Units 328 Number of 2 Bedroom Units 331 Lot Measurement 329 Number of 3 Bedroom #yii.l�6 330 Owner OccupiBd L7 Yes ❑ No ❑ Acres ❑ Square Feet 3321 Acres or Square Feet Garage Stalls 33_�[Garage Dimen*ons,-' 335 Garage Square Feet 3361 Garage Door Height • Garage Stalls 337 Garage Door -Width 338 Ac 341 Gara 12joarage Door Height 343 Garage Door Width _3401 Garage Dimensions Other Parking Spaces 3481 Green Certification? ❑ Pending ❑ Tested ❑ Certfed Accessible ❑ None ❑ Wheelchair Ramp ❑ Reduced Height Counters ❑ Reduced Height Cabinets ❑ Lowered Switches/Controls ❑ Raised Outlets Current Use ❑ Noltairslnternat ❑ No Stairs Eternal ❑ Elevator U Stair Chiair L ft c Doors'S6•+ ❑ Automobile Service ❑ Fovd Service ❑ Beauty/Barber Shop ❑ Business Service ❑ Bed & Breakfast ❑ Professional Service ❑ Restaurant ❑ Residential ❑ Tavern/Lounge ❑ Skyway ❑ Hotel/Motel ❑ Warehouse ❑ Resort ❑ Storage Facility ❑ No ❑ Hallways 42"+ ❑ Door Lever Handles ❑ Roll -In Shower ❑ Grab Bars in Bathroom ❑ Fully Wheelchair Monthly Land Lease Amt (req if Leased Land) ❑ Partially Wheelchair ❑ Roll Under Accessibility ❑ Accessible for Hearing Impair ❑ Sight Impaired ❑ Other ❑ Industrial ❑ Recreational is Commercial ❑ Wholesale ❑ Vacant ❑ Retail ❑ Church ❑ Event Space ❑ Office ❑ Vineyard ❑ Manufacturing N Other ❑ Laundromat Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. Al rights reserved. InstanetFORMS' Rev. 2120 COMMERCIAL / MIXED -USE LISTING Address 413 Proctor Ave NW LAND & STRUCTURE (continued) _ _ o CMU Style ❑ Apartments and Retail ❑ Business Opportunity ❑ Industrial ❑ Warehouse Id Office ❑ Resort ❑ Retail/Shopping Center ❑ Duplex -Side x Side M Exterior ❑ Wood ❑ Aluminum Siding ❑ Cedar ❑ Vinyl ❑ Shakes ❑ Stucco ❑ Metal Z Brick/Stone ❑ Steel Siding Fuel ❑ Natural Gas ❑ Electric ❑ Oil ❑ Solar JM Heating ❑ Forced Air ❑ Heat Pump ❑ Baseboard ❑ Steam ❑ Hot Water ❑ In -floor Heating ❑ Gravity ❑ Radiant ❑ Space Heater ❑ Geothermal M Parking Characteristics ❑ Attached Garage ❑ Detached Garage ❑ Tuckunder Garage ❑ Tandem Garage ❑ Insulated Garage ❑ Heated Garage ❑ Underground Garage ❑ Covered ❑ Duplex -Up and Down ❑ Duplex -Other ❑ Apartments/Multi-Family ❑ Slate ❑ Cement Board ❑ Fiber Board ❑ Engineered Wood 55330 Page 4 of 10 ❑ High Rise (4+ levels) ❑ Low Rise (3- levels) 9 Other ❑ Log ❑ Log Siding ❑ Block ❑ Other ❑ Propane ❑ Pellet ❑ Wood ❑ Other AO ❑ Ductless Mini -Split ❑ Outdoor Furnace ❑ Boiler ❑ Dual Fuel/Off$9eak ❑ Fireplace ❑ Wood Strove ❑ Driveway -Gravel ❑ M,6re Perking Offa&for Fee ❑ Driveway -Concrete OV41et P'Nrking fidr Fee, • Driveway -Asphalt ❑ Contract Ding Req. ❑ Driveway -Other Surface ❑ Assiga ❑ Driveway -Shared ❑ Unassigneq ® Paved Lot L7Qn-Street Pang Maly O Gravel Lot ❑ Unl s Vary ❑ Secured O1WAccessiParking ❑ Outdoor Boiler 'Q Other ❑ klone ❑ StNagev ❑ Floor orain ❑ Multiple Garages ❑ Shared Garage/Stall ❑ Elec Vehicle Charging Station ❑ Garage Door Opener ❑ No Interior Access to Dwelling ❑ Other FINANCIAL 1420 Annual Gross Income 421 Annual Gross Expense 422 Annual Net Income 423 Total Annual Expenses 424 Annual Caretaker Expense 425 Annual Insurance Expense Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. Al rights reserved. InstanetFORMS` Rev. 2/20 COMMERCIAL / MIXED -USE LISTING Address 413 Proctor Ave NW FINANCIAL Continued 500 Annual Trash Expense Annual Maintenance Expense 5041 Annual Repair Expense Annual Electric Expense Annual Fuel Expense Annual Water/Sewer Expense 55330 Page 5of10 OPTIONAL PROPERTY INFORMATION Terms (seller will accept) � ❑ FHA 7r ❑ Rural Development ❑ Contract For Deed ❑ Cash ❑ FHA Rehab 203k ❑ USDA ❑ Lease Purchase ❑ Contract/Deed w/Assumption ❑ DVA ❑ Assumable ❑ Special Funding ❑ Exchange/Trade ❑ Conventional ❑ Adj. Rate/Gr. Payment ❑ MHFAMIHEDA ❑ Other ❑ Conventional Rehab 5111 Tenant Expenses ❑ Taxes ❑ Fuel ❑ Snow ❑ Cable TV ❑ Insurance ❑ Maintenance/Repair ❑ Lawn ❑ Broadband ❑ Water/Sewer ❑ Janitorial ❑ % Rent ❑ Other ❑ Electric ❑ Trash ❑ Escalation :J None 512 Air Conditioning ❑ Central ❑ Wall ❑ DuctlesgWini-$plit J lbne ❑ Window ❑ Geothermal ❑ Who1d Houma Fan 5131 Amenities - Shared ❑ Deck ❑ Dock ❑14 Hoar Guard ❑ Elev�r(s) ❑ Patio ❑ Boat Slip ❑ Security 64 ilding ❑ Car Wash ❑ Porch ❑ Beach ❑ In-GrWnd Spriglder System ❑ Concrete Floors & Walls ❑ Tennis Courts ❑ Coin -op Laundry Owned ❑ CommoNGardbn ❑ Other ❑ Hot Tub ❑ Coin -op Laundry Leased, ❑ Fire Sprinittgr System ❑ None ❑ Sauna 5141 Amenities - Unit ❑ Deck ❑ Skylight ❑ Walk -Up At lam- . ❑ Panoramic View ❑ Patio ❑ Vaulted Ceiling(s) ❑ 2S erci.pe_Room ❑ Outdoor Kitchen ❑ Porch ❑ Ceiling Fars) Tenprs Court - ❑ Ethernet Wired ❑ Dock ❑ Hardwood Flog= ❑ *n Room ❑ Cable ❑ Boat Slip ❑ Tile Floors, ❑ Hasher/Dryer Hookup ❑ Satellite Dish ❑ Natural Woodwork ❑ P*elec�Doors P Intercom System ❑ Local Area Network ❑ Hot Tub ❑ Finch boors L4 Security System ❑ Multiple Phone Lines ❑ Sauna ❑ WaIHn CI Wndoor Sprinkler ❑ Unspecified ❑ Balcony ❑_Masterl�edroongWalk-ln U In -Ground Sprinkler ❑ Other ❑ Kitchen Window ❑ Mbin Floor Mastk Bedroom ❑ City View ❑ None Kitchen Center Island ❑ Wet Bar �515 Appliances ❑ Range ❑ Refriggrato� ❑ Gas Water Heater ❑ Disposal ❑ Cooktop ❑ Freezef ❑ Oil Water Heater ❑ Central Vacuum ❑ Wall Oven ❑ Washer ❑ Wood Water Heater ❑ Electronic Air Filter ❑ Indoor Grill UL Dryer ❑ Fuel Tank -Owned ❑ Air -to -Air Exchanger ❑ Microwave ❑'Nnkfess Water Heater ❑ Fuel Tank -Rented ❑ Furnace Humidifier ❑ Exhaust Fan/Hood -�J Water softener -Owned ❑ Iron Filter ❑ Other ❑ Dishwasher JVatgrSoftener-Rented ❑ Water Filtration System ❑ None ❑ Trash Compactor ❑ Electric Water Heater ❑ Water Osmosis System 5161 Assumable Loan ❑ Not Assumable ❑ Yes w/ Qual. (approval) ❑ Yes w/ Rate Change ❑ Information Coming ❑ Yes w/ NO Qualifying Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. InstanetFORMS` Rev. 2/20 COMMERCIAL / MIXED -USE LISTING Address 413 Proctor Ave NW . OPTIONAL PROPERTY INFORMATION (continued) 600] Basement ❑ Walkout ❑ Drainage System ❑ Full ❑ Sump Pump ❑ Partial ❑ Daylight/Lookout Windows ❑ Crawl Space ❑ Egress Windows ❑ Finished (Livable) ❑ Concrete Block ❑ Partial Finished ❑ Poured Concrete ❑ Drain Tiled ❑ Insulating Concrete Forms 601 Ceiling Height ❑ Less Than 8 Feet ❑ 11-15 Feet ❑ 8-10 Feet ❑ 16-20 Feet 6021 Commercial Kitchen Amenities ❑ Cookware/Utensils ❑ Freezer ❑ Dishwasher ❑ Grill ❑ Fryer ❑ Ice Machine ❑ Flat Top ❑ Pre -Piped Fire Suppression E 6031 Construction Materials ❑ Block ❑ Frame ❑ Brick ❑ Insulating Concrete Forms ❑ Concrete ❑ Log 604 Existing Financing (choose only one) ❑ FHA ❑ Conventional ❑ FHA Rehab 203k ❑ Conventional Rehab ❑ DVA ❑ Rural Development b,606] Fencing 0 Wood ❑ Wire ❑ Electric ❑ Chain Link 606 Floors ❑ Carpet ❑ Concrete Slab ❑ Dirt ❑ Rail ❑ Composite ❑ Vinyl ❑ Privacy ❑ Floor Drains ❑ Heavy Duty ❑ Marble i071 Internet Options ❑ Cable ❑ Fibdr Opto ❑ DSL 55330 Page 6 of 10 ❑ Brick/Mortar ❑ Storage Space ❑ Slab ❑ Shared Access ❑ Stone ❑ Single Tenant Access ❑ Wood ❑ Owner Access ❑ Raised ❑ Other ❑ Posts ❑ None ❑ Unfinished ❑ Over 20 Feet ❑ Varied Heights ❑ Prep Station ❑ Oven ❑ Shelving and Racks t ❑ Refrigerator ❑ Steel ❑ Stone ❑ Structured Insulated Panel ❑ ARQIGPIIA// ❑ l*ntragrfor Deed ❑ InvisibIq ❑ Full EL Partial - C7 Other - ❑ Tile lu Vinyll�Iholsigri, ❑ Downtown ❑ Industrol Park ❑ Free Standing C?Wpping`Center' 609 Lot Description T— ❑ Irregular Lot ❑ A4ditionW Lan"vaAble ❑ Corner Lot ❑ Zer4ot LhAe ❑ Tree Coverage -Light ❑ Public\Trans4it (within-6 blks) ❑ Tree Coverage -Medium ❑ On GolfwCoutise ❑ Tree Coverage -Heavy J Sod Included in price 610 Miscellaneous ❑ 220 Volt ❑ AuYo Ba)k �L3,Fumiohed ❑ 440 Volt Units ❑ Alarms ❑ LsVding Dock §11J Number of Ranges (choose only one) ❑ One ❑ Three ❑ Two ❑ Four 612 Number of Refrigerators (choose only one) ❑ One ❑ Three ❑ Two ❑ Four Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. J. Satellite 0 Strip Center ❑ Accessible Shoreline ❑ CRP Land ❑ Green Acres ❑ Property Adjoins Public Land ❑ Tillable ❑ Walk -In Cooler/Freezer ❑ Warming Table L7 Other ❑ Timber/Post & Beam L_] Other ❑ ecAkFunding ❑ Frei ar�Clear ❑ None ❑ Wood ❑ Other/See Remarks ❑ None ❑ Other/See Remarks ❑ Underground Utilities ❑ Island/Peninsula ❑ Vineyard ❑ Railroad Access ❑ BWCA Access ❑ Out Buildings ❑ Single Phase ❑ Overhead Doors ❑ Three Phase ❑ Five ❑ One per Unit ❑ Six or More ❑ None ❑ Five ❑ One per Unit ❑ Six or More ❑ None InstanetFORMS- Rev.2/2o COMMERCIAL / MIXED -USE LISTING Address 413 Proctor Ave NW OPTIONAL PROPERTY INFORMATION (continued) 7001 Overhead Door Clearance ❑ 0-9 Feet ❑ 10-14 Feet 701 I Owner's Expense ❑ Taxes ❑ Fuel ❑ Insurance ❑ Maintenance/Repair ❑ Water/Sewer ❑ Janitorial ❑ Electric ❑ Trash 702 Pool ❑ Above Ground ❑ Indoor ❑ Below Ground ❑ Outdoor 7031 Power Company (if in Minnesota or Wisconsin) 7041 Rent Rate Per Foot ❑ Per Foot ❑ Gross ❑ Per Month ❑ Net 17051 Road Frontage ❑ Private ❑ US Highway ❑ City ❑ Interstate ❑ Township ❑ Cul De Sac ❑ County ❑ Paved Streets ❑ State ❑ Unpaved Streets 705 Road Responsibility _ ❑ Association Maintained Road ❑ Private Maintained Road 706 Roof ❑ Asphalt Shingles ❑ Tar/Gravel ❑ Composition ❑ Age 8 Years or Less ❑ Pitched ❑ Age Over 8 Years ❑ Flat ❑ Slate ❑ Unspecified Shingle ❑ Tile 7071 Shared Rooms ❑ Sun Room ❑ Play Area ❑ Amusement/Party Room ❑ Guest Suite ❑ Exercise Room ❑ Club House_ 7081 Stories f ❑ One ❑ Two 709', Walls ❑ Drywall ❑ Insylated^ ❑ Finished ❑ Met9i 7101. Window Features ❑ Aluminum Frames Ll En y Staf�Quaked Windows ❑ Bay Window(s) �ardeit Windokv(s) ❑ Blinds ❑ Instoated'kVindowo ❑ Display Window(sy ❑ Low Enissi�ity Wiritligpvs ❑ Double Pane Windows ❑ Plantatipn Shutters El Drapes ❑ Screens WATERFRONT INFORMATION 721 Lake/Waterfront ❑ Lake Front ❑ L*Ke View ❑ River Front ❑ River View ❑ Deeded Access ❑ Pond 7211 Lake/Waterfront Name 1722 Waterfront Frontage (feet) 7251 Lake Depth (feet) 1 17261 Lake Chain Name ❑ 15-20 Feet ❑ Snow ❑ Lawn ❑ % Rent ❑ Escalation ❑ Heated ❑ Shared ❑ Other ❑ Unimproved ❑ No Outlet/Dead End ❑ Curbs ❑ Sidewalks _ ❑ Street Lights ❑ PuNic Maintained R;,ad 55330 ❑ 21 + Feet ❑ Cable TV ❑ Broadband ❑ Other ❑ None ❑ None ❑ None ❑ Storm Sewer ❑ Forest Service ❑ None L�Other ❑ Rnad Maintenance Page 7 of 10 ❑ Sh,�kes ❑ Concrete ❑ Rubb*kr ❑ Asphalt -Rolled ❑ Metal ❑ Green Roof ❑ Wood Shingles ❑ Other ❑ Business Ceder ❑ Other ❑ 0omm Roq� dMedis Room - Q Three or More „! Paneling ❑ Unfinished * plaster ❑ Other/See Remarks ❑ Shutters ❑ Window Coverings ❑ Skylight(s) ❑ Window Treatments ❑ Solar Screens ❑ Wood Frames ❑ Storm Window(s) ❑ Tinted Windows ❑ Triple Pane Windows ❑ Creek/Stream ❑ Association Access ❑ Dock ❑ Shared ❑ Channel Shore ❑ Other '31 DNR Lake ID # 17241 Lake Acres Lake Chain Acreage 728 Road Btwn WF &Home? ❑ Yes ❑ No Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. InstanetFORMS. Rev. 2/20 COMMERCIAL / MIXED -USE LISTING Address 413 Proctor Ave NW WATERFRONT INFORMATION (continued) 8001 Elevation Highpoint to Waterfront Slope ❑ Gradual ❑ Level ❑ Steep 8011 Elevation Highpoint to Waterfront Feet ❑ 0-4 ❑ 10-15 ❑ 26-40 ❑ 4-10 ❑ 15-26 802 Lake Bottom ❑ Gravel ❑ Sand ❑ Undeveloped ❑ Hard ❑ Excellent Sand ❑ Weeds ❑ Rocky ❑ Soft ❑ Reeds 803 Waterfront View ❑ Bay ❑ Harbor ❑ River ❑ City Lights ❑ Lake ❑ See Remarks ❑ Golf Course ❑ Panoramic ❑ Nnrth 55330 ❑4 I ❑ South ❑ East ❑ West Page 8 of 10 Agent Remarks(generally foragent to agent communication, 1,000 characters available Public Remarks (additional property information - do NOT include con lnformatrar. or marketingor promotional messages made on behalf of the listing broker, seller or third party. 1,000 characters available. t - __NZ Financial Remarks (generally for agent to agent communication regarding financial information - do NOT include contact information, or marketing or promotional messages) Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. InstanetFORMS` Rev. 2/20 COMMERCIAL / MIXED -USE LISTING Address 413 Proctor Ave NW 55330 Page 9 of 10 UNIT I 901 Leased? ❑ Yes ❑ No 902 Unit Number 903 Level 904 Total Rooms 9081 Half Baths 90j Total Bedrooms 906 Full Baths 9071 Three -Quarter Baths 9091 Quarter Baths UNIT 2 910 j Unit Total Square Feet 911 Lease Expiration Date 9121 Monthly Rent iM Leased? ❑ Yes ❑ No 905, Total Bedrooms 9091 Quarter Baths UNIT 3 902 h_ 906 I 910 f Unit Number 1 Full Baths Unit Total Square Feet 903 Level 9D4 Total Rooms 9071 Three -Quarter Baths 9081 Half Baths 911 Lease Expiration Date ' 912J Monthly Rent 901 Leased? ❑ Yes ❑ No 902 Unit Number 903 Level !iO41 otal Rooms _9051 Total Bedrooms 906 Full Baths 907 Three -Quarter Baths 908 Half Baths 9091 Quarter Baths UNIT 4 910 Unit Total Square Feet 911 Lease Expiration Da'i` 91j Monthly Rent j2LIj Leased? ❑ Yes ❑ No 902 Unit Number 903 Level 907 Three -Quarter Baihs 1 9111 Lease Expiration Date 9 Totaf Roams 908 Half Baths 912 Monthly Rent 9051 Total Bedrooms 906J Full Baths 9091 Quarter Baths 910 Unit Total Square Feet 901 Leased? ❑ Yes ❑ No 905 Total Bedrooms 902 Unit Number 90 _pj Full Baths 9101 Unit Total Square Feet 3_ Level 907 I Three -Quarter Baths 9i 1 Lease Expiration Date gq4j Total Rooms 9081 Half Baths 912 Monthly Rent 909 Quarter Baths 901 Leased? ❑ Yes ❑ No 902 9.Q._ Unit Number Full Baths 1903 Level 904 Total Rooms 90i Three -Quarter Baths 9081 Half Baths 905 Total Bedrooms 9091 Quarter Baths UNIT 7 q1 • Unit Total Square eet 9111 Lease Expiration Date 912 Monthly Rent 901 Leased? ❑ Yes ❑ No -902,, Unit Nurnther` 906 : Full Baths 91 Unit Total Square Feet 903 Level 904 1 Total Rooms 907 Three -Quarter Baths 908 Half Baths 905 Total Bedrooms i 909 Quarter Baths ; 911 Lease Expiration Date 912 Monthly Rent 901 Leasea % ❑ Yes ❑ No 902 Unit Number 903 Level 9041 Total Rooms 9051 Total Bedrooms 906 Full Baths 907 Three -Quarter Baths 908 Half Baths 911 Lease Expiration Date 912 Monthly Rent 9091 Quarter Baths 910J Unit Total Square Feet Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. InstanetFORMS` Rev. 2/20 COMMERCIAL / MIXED -USE LISTING Address 413 Proctor Ave NW 55330 Page 10 of 10 Leased? 1002 Unit Number 1003 Level ❑ Yes ❑ No 1004 Total Rooms 10051 Total Bedrooms 1006 Full Baths 1007 Three -Quarter Baths 10o Half Baths 1009Quarter Baths 1010 1Unit Total Square Feet UNIT 10 10111 Lease Expiration Date 101 Monthly Rent Leased? 1002 Unit Number roes ❑ No 10D3 Level 1004 Total Rooms 1008Half Baths 10051 Total Bedrooms loos Full Baths 1007 Three -Quarter Baths 11011 Lease Expiration Date 100s Quarter Baths 1010 Unit Total Square Feet 10121 Monthly Rent I 1001[ Leased? 1002 Unit Number ❑ Yes ❑ No 1003 Level 100a Total Rooms 10051 Total Bedrooms 1006Full Baths 1007 Three -Quarter Baths 1011 Lease Expiration gate 1008 Half Baths 1009] Quarter Baths 1010 Unit Total Square Feet I INS 10.1 z Monthly Rent 1001 Leased? 1002Unit Number El Yes ❑No 1 D031 Leve 1007 Thres-6 arterEiatFls 1011 Lease Expiration fate 100a TotafRooms 100 Total Bedrooms loos Full Baths 10o Hal aths 1009 Quarter Baths 101 D Unit Total Square Feet UNIT 13 101 Monthly Rent 1001i Leased? 1002 Unit Number ❑ Yes ❑ No 1005 Total Bedrooms 1006 Full Baths 14.03 Levelr NOV 100; Three-quarter Baths Total Rooms Half Baths t1012 loos Quarter Baths 1010 Unit Total Square Feet so11 Lea�a Expiration Date Monthly Rent 1001 Leased? 10021 Emit Humber ❑ Yes ❑ No 1003 Levat 1004Total Rooms 1005 Total Bedrooms 1006 _f Full Baths 1 hree-Quarter Baths 10111 Lease Expiration Date 100 Half Baths 101 Monthly Rent 1009 Quarter Baths _1[ iG unit Total Square Feet 1 001 Leased? 1002 Unit Nurnbe ❑ Yes ❑ No 1003 Level 1004[ Total Rooms 10051 Total Bedrooms 10013Full Baths 1007 Three -Quarter Baths 1011 Lease Expiration Date loos Half Baths 101 Monthly Rent 1009 quarter Baths 1o1C1 .Unit Total Square Feet Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. Al rights reserved. InstanetFORMS' Rev. 2/20 Marketing Plan Prepared for: city of Elk� Ri verc;;e14 08/28/2020 Prepared by: Ryan Hardin HA HARDIN COMPANIES Partners Real Estate MN Hardin Companies Tel: (612) 356-2002 HARDINCOMPANIES.COM * N11- Uk- HARDIN COMPANIES Table of Contents PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM I. Marketing Plan a. Signage b. Brochure/Flyers c. Direct Mail & Cold Calls d. Direct Mail to Brokers e. Brokerage Interaction f. Networking Through Professional Organizations g. Property Tours/Site Visits h. Internet Based Marketing Information i. Hardin Companies Distribution j. Advertising k. Budget II. Marketing Timeline III. Executive Summary IV. Supporting Documents a. Ryan Hardin Bio b. Recent Transactions c. Marketing Example & Draft Page-2 *49 HAR IN w uP. NIES I. Marketing Plan PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM This marketing plan is designed to reach the maximum number of qualified prospects, including all Metro area commercial real estate brokers and real estate decision makers as quickly and often as possible. The marketing plan includes the following components: a) Signage Our standard sign is designed to generate the maximum volume of inquiries regarding the site. We place sign(s) which include Hardin Companies' telephone number, website and the text "AVAILABLE" in a strategic location which maximizes visibility. Our standard sign is a 8' x 4' horizontal sign positioned to achieve maximum public exposure. All signs are subject to local municipal guidelines. b) Brochure/Flyers We will create a color brochure highlighting the features and benefits of the property. The brochure includes applicable property photos, building highlights, location description, aerial photographs, demographics and/or proposed development plans, and contact information. Hardin Companies is flexible and we will adapt to your specific needs. c) Direct Mail & Cold Calls Hardin Companies is continually involved in various lease and sale transactions which allows us to keep a pulse on the market and to implement calling and networking programs. Hardin Companies' extensive resources provide the ability to effectively track, target, contact and pursue qualified prospects. We will create a marketing packet for the site and deliver packets to all interested prospects upon request or inquiry. We will utilize all resources to develop a target market, contact them and follow up on a regular basis. With some listings, the receipt of confidential information is required in order for a prospective buyer to make an educated decision. In these cases, any information which is considered confidential and not public record will require the execution of a confidentiality agreement prior to receipt of materials. d) Direct Mail to Brokers Marketing materials will be e-mailed to the brokerage community monthly or as changes occur. Properties are also placed on our website www.hardincompanies.con . This site is available to principals, property owners, investors, brokers and prospective tenants searching the internet for commercial real estate. e) Brokerage Interaction It is our philosophy to treat other real estate brokers as clients. We solicit and encourage their participation in bringing buyers into negotiations. Page-3 *4_' HARDIN COMPANIES PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM f) Networking Through Professional Organizations Hardin Companies is active in numerous professional organizations including the National Association of Realtors®, Commercial Association of Realtors®, Minnesota Association of Realtors, Minnesota Commercial Association of Realtors® (MNCAR) and their 1,200+ members. Additionally we're active in several local chambers of commerce, and organizations on a personal level throughout the region, including the St Paul Association of Realtors Government Affairs Committee. We utilize our participation to network and promote the properties which we are marketing. g) Property Tours / Site Visits We personally introduce the property to each interested prospect. We will meet with prospects and/or their brokers on -site to gain a better understanding of the site. Our strategy is two -fold: first, we present the positive aspects of the property, such as the location, visibility, frontage, etc.; second, we use this face-to-face opportunity to learn as much as we can about the prospect and obtain any insightful information. When conducting a site visit for an interested prospect, we ensure that the prospect understands the positive characteristics of the site and any economic advantages to be achieved due to the physical features the site may have to offer. h) Internet -Based Marketing Information Hardin Companies subscribes to and inputs listing information into databases such as LoopNet, CoStar, Catylist, Property Line, Commercial Source, RealUp.com, MNCAR Exchange of the Minnesota Commercial Association of Realtors which is a multi -listing service for commercial properties. Any broker searching for office, industrial or retail properties for sale or lease will see your property in this database. This database is also on-line for the public to view. Additionally, the Minnesota Commercial Association of Realtors (MNCAR) offers a broadcast e-mail system where any broker may send out an e-mail to all brokers that are members of MNCAR advising of properties they have listed or property/space they need for a client. LoopNet, a national website visited by real estate professionals and investors around the country, which provides another internet-based avenue for informing anyone of available properties. Their marketing information states "The LoopNet listing service provides 700,000 members with an inventory of sale properties of $1.1 billion and 27 million square feet available for lease. LoopNet is the leading information services provider to the commercial real estate industry." Where any prospective buyer or investor can receive a brochure and property information via e-mail upon request. Information on the site will be submitted to CoStar for input into their database, which is accessed by commercial real estate brokers throughout the nation. Costar is a national platform and comprehensive list of offices, retail, industrial and other select use properties in the Minneapolis/St. Paul Area. The database includes detailed information on area properties including tenants, owners, property specifications, sale price and contacts. Information in CoStar is revised on an ongoing basis and checked for accuracy regularly through their research analysts. i) Hardin Companies Distribution In addition to standard Internet -Based databases, Hardin Companies has developed specialized distribution lists of prospective tenants, buyers and business entities throughout the years. This list is expanded daily and used for all listings. Page-4 HARDIN COMPANIES PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM j) Advertising We will explore the cost of advertising in area publications with our PR firm and discuss the costs and benefits with you for your consideration. k) Budget If marketing outside of the standard commercial real estate marketing programs are necessary, a marketing budget will be developed for your review and approval. II. Marketing Timeline The following are general timelines for marketing actions that are being implemented, which will be governed by market conditions: 1 to 15 Days: • Order "AVAILABLE" sign(s), subject to municipality signage permits and processes (if required) • Prepare a competitive property profile to leverage our knowledge on competing properties • Enter property information on internet-based marketing services including: MNCAR, Costar/LoopNet, Catylist and Hardin Companies websites • Generate property flyer and e-brochure for prospect market and real estate community • Develop first tier target prospect market • Send property flyer and e-brochure to prospect market and real estate community 15 to 30 Days: • Complete first tier prospect market direct mail • Resend e-brochure to prospect market and real estate community • Cold call follow-up on first tier prospect mailing 30 to 60 Days: • Develop second tier target prospect market • Complete second tier prospect market direct mail • Cold call follow-up on second tier prospect mailing • Resend e-brochure to prospect market and real estate community 60 to 120 Days: • Develop third tier target prospect market • Complete third tier prospect market direct mail • Follow-up on first and second tier prospects • Resend e-brochure to prospect market and real estate community • Review marketing feedback 120 to 180 Days: • Discuss progress with ownership • Reassess marketing plan (if necessary) Page-5 H PARTNERS REAL ESTATE MN xaxDiN COMPANIES HARDIN COMPANIES HARDINCOMPANIES.COM III. Executive Summary • Maximum exposure in minimum time • Brochure and marketing material development • Mass marketing of property • Inform, send and communicate with brokerage community —prospects • Internet -Based marketing services: Local and National exposure • Advertising • Marketing updates • Regular activity reports • Professional organizations • Broker marketing When Hardin Companies accepts a marketing assignment we feel it is our responsibility to provide exposure of our client's needs and wants to the maximum amount of potential Purchasers or Tenants in a minimum amount of time. It is our further responsibility to provide Market Updates and Activity Reports on a regular basis. We accomplish this marketing efforts by blending established methods with the newest technology. After discussion and agreement with our clients, we make decisions regarding how to utilize signage, mass marketing, advertising and use of the Internet. Hardin Companies shares information with the entire Minneapolis/St. Paul Brokerage community. We network with the brokerage community and view area brokers as our partners in marketing, not as competition. Hardin Companies subscribes to many Internet -Based Marketing Services which provide local, national and international exposure. Some of our subscriptions may appear to be redundant. However, we believe that maximum exposure is critical. In addition to typical marketing, Hardin Companies also values the expertise of the broker. Hardin Companies real estate broker is experienced, thinks "outside the box"; is well respected in the business and commercial real estate community; and is a consummate "Networker", which is essential in this economic and commercial real estate environment. In summary —the Hardin Companies process is structured to meet and exceed our clients objectives. Page-6 H HARDIN COMPANIES IV. Supporting Documents This Page Intentionally Left Blank PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM Page-7 RYAS HARDIN PROFILE As a licensed Minnesota real estate broker with Partners Real Estate MN and Hardin Companies, understand what it takes to succeed in today's market! EXPERIENCE Licensed in 2008 with extensive experience in commercial real estate, bank owned real estate (REO), asset management, land development, residential and property management. H HARDEN COMPANIES ABOUT ME I started Partners Real Estate MN & Hardin Companies when I realized every client deserves a focused effort when buying, selling or leasing. We offer the opportunity to provide great results and a higher level of personal service. Contact us today to get the results you deserve! CONTACT Cell: 612-860-6177 Office: 612-356-2002 Email: ryanhardin@hardincompanies.com MEMBERSHIPS • Minnesota & National Association of Realtors • Minnesota & National Association of Commercial Realtors • Former NAIOP Emerging Leader • Elk River, Anoka, Metro North Chamber of Commerce • Former Senior Real Estate Specialist • City of Elk River EDA Finance & Beautification Committee WWW.HARDINC0MPANIES.00M REGENT Plymouth River -.ago 4.r Retail Lease MPR=%O 1 oxictyeasea TRANSACTIONS Elk .River From the heart of the Twin Cities to the suburbs and beyond, our team of professionals at Partners Real Estate MN is here to be your guide. H HARDIN COMPANIES - .`-f - '"t Contact us today to ;y0ow. ` find out why we form ; �.. #�• r "Partnerships That Matter." :. 1,,- ._N�.„ 612-356-2002 WWW.PARTNERSREALESTATEMN.00M Q RECENT TRAi\'SACTIONS From the heart of the Twin Cities to the suburbs and beyond, our team of professionals at Partners Real Estate MN & Hardin Companies are here to be your guide. mrt. -;`Llea see t l �K Vol-1- HARDIN COMPANIES 10-__.___ Lontact us toaay to find out why we W111=r form "Partnerships That Matter." 612-356-2002 - Office Leased E WWW.HARDINC0MPANIES.00M i Industrial Sold AVAILABLE PROPERTIES From the heart of "7- the Twin Cities to the suburbs and beyond, our team of professionals at F r Partners Real Estate _ - MN & Hardin - Companies are here to be your guide. -, - - R etai 5v Ids Ik River A --jK44"-P-W HARL)IN CCtWANIES Contact us today to find out why we form "Partnerships That 1,, 101W Matter." n 612-356-2002 - " We Leased 113*us WWW.HARDINC0MPANIES.00M ld Elk River •,�kr ��•+'r . •f,�� —+r }:[.� � .. ;Xy1y� �:� - -.:en'l� �"'-_ �'.Y v}L- � �.�- iF� _ n!�5� :r��h"�.��,. _ • _ _�l � • - _ ;. - c�►:.3'r �: �:...�-�Y�"�'-_r..,i`�,�. �•- ��-��'�.�4`-.fir y ..4-r:. �[ - - -- . � � - - J1 • . .� iL�-*�kyH+•�� p: _ r •`wryy s.�. —�I�i� -A vARL - - .. ..�_ = _'~-= - - ... �_ . ... .. :„s_.--_.--•,..::'•:.._�. �- ... . _..-- . _ Via-- . �. �'�-ikw�Tz.�?`...�:�o��py��.rrsi�i��zinrr'�Tr..c.��J....�....-u AVAILABLE PRO PERT I E S :Ramsey 'qq11,W Elk River _ the Twin Cities t the suburbs and beyond, our team professionals at it a Partners Real Esta MN & Hardin Companies are he to be your guide. Office Avall��b�e St Joseph HARDIN COMPANIES IL+: Contact us today to find out why we �r form: "Partnerships That Matter." 612-356-2002 WWW.HARDINC0MPANIES.00M Aox HARD IN COMPAN09 10904 NE 57th St Office Leased 0 10904 NE 51th 5t Floor/Suite Floor 1, Suite 110 —n.-lit _ ,mite Albertville, MN 55301 Available SF 1,274 SF r' Owner Leased Rate - - Tenant Thrivent Financial Lease Type NNN Class A Leased Date 01/01/2020 Building Size 1,841 SF Expenses $5.00 Year Built TI Allowance Great location for medical, dental accounting, financial, insurance or other. Easy access to C.R 19/Labeaux Ave. Businesses in the area include: Casey's General Store, Colborn's Will McCoy's, Financial Security Bank, Culver's Dollar Tree, Verizon Wireless and much more! Rostamo's Bar 6014 Lakeland Ave N Crystal, MN 55428 Owner Buyer Class C Building Size 5,960 SF Year Built 1947 This is it! Great opportunity in the heart of Crystal. Located near Crystal Airport (KMIC) . Property has excellent visibility with over 26,000 vehicles per day on 81 and boasts ample parking. Tons of potential to use as bar/restaurant or to redevelop this 1.35 acre site. Please be respectful Do NOT Great opportunity to develop 1.85 acres in the heart of Elk River! 1.85 Acres 18409 Twin Lakes Rd NW 19409 NW Twin Lakes Rd Elk River, MN 55330 Owner Buyer Class Building Size Year Built 28617 Jade Rd - 59.95 Acres 28617 Jade Rd St Cloud, MN 56301 Owner Buyer Class Building Size Year Built Great opportunity for potential development. 59.95 wooded acres of rolling hills Stearns County. Excellent location near school and senior community with sewer and water nearby. Property as -is. Price reflects value in land and potential development. Retail For Sale List Price $499,900.00 $/SF $83.88 Per SF Office SF Industrial SF Retail SF Land Size 1.35 Acres Parking Ratio Sale Price $/SF Office SF Industrial SF Retail SF Land Size Parking Ratio Sale Date Land For Sale List Price $/SF Office SF Industrial SF Retail SF Land Size Parking Ratio 03/31/2018 $489,000.00 $0.19 Per SF 59.95 Acres H Ryan Hardin a� ryanhardin@hardincompanies.com 'FlOrCatyliSt Research 612-860-6177 8/19/2020 This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consultyour attorney, accountant, or other prof. advisor. HARDIN' COMY\NIFs Ii 1 'r 1 r irl r 815 US Highway 10 Office Sold 815 US-10 Elk River, MN 55330 Sale Price $750,000.00 $/SF $47.29 Per SF Owner Office SF Buyer King Avenue Properties, LLC Industrial SF Class B Retail SF Building Size 15,860 SF Land Size 1.14 Acres Year Built Parking Ratio Sale Date 07/16/2019 Excellent opportunityfor high visibility Elk River office space. Highway 10 frontage with 33,000 VPD. Two floors and approx total 14,190 sq it on 1.19 acres. Potential for redevelopment 18853 Freeport St Retail Leased 18853 Freeport St Elk River, MN 55330 Floor/Suite Floor 1, Suite 18853 Available SF 1,300 SF Owner Leased Rate Tenant Pentagon Insurance Lease Type Modified Gross - Class Leased Date 08/01/2020 Building Size 6,614 SF Expenses Year Built TI Allowance Excellent Location off 169 and School street on Freeport St in the heart of Elk River for 1,300 sq. it. of prime retail space! Elk River Distribution Center Industrial For Lease Q 17201 Ulysses St NW Elk River, MN 55330 Floor/Suite Floor 1 Available SF 10,000 SF Owner Lease Rate $4.50 Annual/SF - — Tenant Lease Type NNN Class Date Available Now Building Size 45,000 SF Expenses $2.67 Year Built 1993 TI Allowance 10,000 sf for lease in great Elk River location. $4.50 sq it NNN + CAM & Tax. 45,000 sq it warehouse on 2.76 acres. Well maintained steel on steel building with over -head sprinklers. Built in 1993, most recent addition in 1999. Elk River Distribution Center Industrial For Sale =_ 17201 Ulysses St NW Elk River, MN 55330 List Price $2,095,000.00 — 4—. $/SF $46.56Per SF 4I'a Owner Office SF - Buyer Industrial SF Class Retail SF Building Size 45,000 SF Land Size 2.76 Acres Year Built 1993 Parking Ratio 45,000 sq it on 2.76 Acres with excellent access to US Highway 101169 and Highway 101. Well maintained steel on steel building Ryan Hardin „ ryanhardin@hardincompanies.com 740c Catylist Research 612-860-6177 8/19/2020 This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other prof. advisor. Hardin Companies lox HARDIN COMPANIES Elk River Plaza Retail Leased M 550-716 NW Freeport Ave Elk River, MN 55330 Floor/Suite Floor 1, Suite 716 Available SF 3,000 SF Owner Leased Rate Tenant Azitala Yoga Lease Type NNN Class Leased Date 05/01/2019 Building Size 92,038 SF Expenses $4.89 Year Built TiAllowance Elk River Plaza is a strip center conveniently located off of Highway 169 in the heart of Elk River. This flexible space plan has numerous possible uses.Join co -tenants Elk River Theaters and Buffalo Wild Wings. Area tenants include Burger King, O'Reilly Auto Parts, McDonald's, Papa John's, Kentucky 6575141st Ave NW Office For Sale 6575141st Ave NW Ramsey, MN 55303 List Price $999,000.00 $/SF $78.84 Per SF Owner PROFESSIONAL PROPERTIES LLC Office SF 10,400 SF Buyer Industrial SF Class B Retail SF Building Size 12,672 SF Land Size 0.92 Acres Year Built 2005 Parking Ratio 3.75 Great opportunity for beautiful Ramsey office space. Excellent access to Bunker Lake Blvd , County 116. 12,524 of 2-story office space. 6,264 sq it per floor. Approx 5,200 rent -able sq it main level. V 6575141 st Ave NW Office For Lease 6575 141st Ave NW Ramsey, MN 55303 Owner PROFESSIONAL PROPERTIES LLC Tenant Class B Building Size 12,672 SF Year Built 2005 Great opportunity for beautiful Ramsey office space. Excellent access to Bunker Lake Blvd (County Road 116) and US Highway 10/169. 12,528 sq it of 2-story office space. 6,264 sq it per floor. Approx 1.884 sq available on main level and approx 5,200 rent -able sq it available on second floor at $11. Floor/Suite Floor 2, Suite 200 Available SF 5,200 SF Lease Rate $11.00 Annual/SF Lease Type NNN Date Available Now Expenses $8.63 TI Allowance 6575 141 st Ave NW Office For Lease 6575141st Ave NW Ramsey, MN 55303 Owner PROFESSIONAL PROPERTIES LLC Tenant Class B Building Size 12,672 SF Year Built 2005 Great opportunity for beautiful Ramsey office space. Excellent access to Bunker Lake Blvd (County Road 116) and US Highway 10/169. 12,528 sq it of 2-story office space. Approx 1,884 sq available on main level of turnkey office. Ryan Hardin a„fit. ryanhardin@hardincompanies.com 612-860-6177 Floor/Suite Floor 1, Suite 100 Available SF 1,884 SF Lease Rate $11.00 Annual/SF Lease Type NNN Date Available Now Expenses $8.63 TI Allowance Catylist Research 8/19/2020 This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other prof. advisor. AQN: HARMN C(�NIP. NIB Hardin 1 1.nies 15681 AndreI1612-860-6177 M&G Trailer Sales Land Sold r 9349 NW Highway 10 $600 000 �► ; ti Ramsey, MN 55303 Owner Steve Jung `4 Buyer Ralph LLC $ Class Building Size 20,336 SF Year Built Raw Land on Hwy 10, ready to develop. 7.08 acres, zoned B-2. US Highway 10/169 Frontage. Excellent Traffic Counts over 35,000 VPD. B-2 Commercial Zoning. Level Ground. Amazing location adjacent to MnDOT weight Station. Shoreview Office Park 1000 W Cty Rd E Shoreview, MN 55126 Owner Tenant Re Tech Advisors Class B Building Size 19,920 SF Year Built 2000 Great opportunity for 3,406 sq ft of office space. Excellent location in the heart of Shoreview. Currently two suites as one, will demise if needed. Large reception, 8 private offices and generous conference room. Well maintained property with gorgeous views. Free rent available through 2018, conta Shoreview Office Park 1000 W Cty Rd E Shoreview, MN 55126 Owner Venture 2000 Inc Tenant Class B Building Size 19,920 SF Year Built 2000 Great opportunity for 2,059 sq ft of office space. Excellent location in the heart of Shoreview. Large reception, 5 private offices and generous conference room. Well maintained property with gorgeous views. 9349 Highway 10 NW - 7.08 Acres 9349 Highway 10 NW Ramsey, MN 55330 Owner Buyer Class Building Size 1,423 SF Year Built 1928 a e nce $/SF Office SF Industrial SF Retail SF Land Size Parking Ratio Sale Date Office Leased Floor/Suite Available SF Leased Rate Lease Type Leased Date Expenses TI Allowance Office EXPIRED Floor/Suite Available SF Lease Rate Lease Type Date Available Expenses TI Allowance Sale Price $/SF Office SF Industrial SF Retail SF Land Size Parking Ratio Sale Date 00 $29.50 Per SF 7.08 Acres 05/14/2019 Floor 1, Suite 250 1,347 SF Other 01/01/2019 $9.00 Floor 1, Suite 230 2,059 SF $6.50 Ann uaVSF Other $9.00 03/18/2020 Ryan Hardin tax ryanhardin@hardincompanies.com atylist Research �^�c C 612-860-6177 8/19/2020 This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other prof. advisor. Sartell Medical Arts -1.29 Acres 15019th St S Sartell, MN 56377 Owner Buyer Class Building Size Year Built Great opportunity to develop 56,192 sq ft lot (1.29 acres) in the heart of Sartell's Medical Arts Campus. Comprehensive Design Zoning allows for a variety of uses. Gorgeous setting overlooking pond perfect location for office/medical with easy access and retail nearby. Furniture & Things Showroom 15560 Cleveland St NW Elk River, MN 55330 Owner Buyer Truck Gear USA LLC Class C Building Size 9,582 SF Year Built Great opportunity for 9,000 sq It with excellent exposure to US Highway 10/169. Built in 1988 on .65 acres featuring 2,347 sq ft of office/showroom space and 6,653 sq It of warehouse. 3 phase power 2 drive in doors and 13' clear. Hurry this won't be available for long! *QOA. HARDIN COMPANIES Land For Sale List Price $/SF Office SF Industrial SF Retail SF Land Size Parking Ratio Flex/R&D Sold Sale Price $/SF Office SF Industrial SF Retail SF Land Size Parking Ratio Sale Date $309,058.00 $5.50 Per SF 1.29 Acres M $440,000.00 $45.92 Per SF 6,653 SF 2,347 SF 0.65 Acres 10/30/2019 9710158th Circle NW -1.34 Acres Land Sold M 9710158th Cir NW Elk River, MN 55330 Sale Price $160,000.00 $/SF $2.74 Per SF Owner Office SF Buyer Kingdom Investment, LLC Industrial SF Class Retail SF Building Size Year Built Land Size Parking Ratio 1.34 Acres Sale Date 06/23/2020 Great Opportunity to build! General Industrial Zoning in the City of Elk River. Site features great access to US Highway 10, improved streets. Hurry only two lots left! 9750158th Cir NW -1.30 Acres Land For Sale 9750158th Cir NW Elk River, MN 55330 List Price $174,900.00 $/SF $3.09 Per SF Owner Office SF Buyer Industrial SF Class Retail SF i Building Size Land Size 1.30 Acres Year Built Parking Ratio Great Opportunity to build! General Industrial Zoning in the City of Elk River. Site features great access to US Highway 10, improved streets. H Ryan Hardin Cat list Research ryanhardinC�?hardincompanies.com y 612-860-6177 8/19/2020 This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other prof. advisor. • - Companies KJ's Refuge Bar & Grille �? 26211 184th St Big Lake, MN 55309 Owner Steies LLC Buyer Class Building Size 9,539 SF Year Built 0. H.1Ml�Eti LC-op.%Kirs t 15681 Andre St NW, Ramsey, MN 553031612-860-6177. Turn -Key Sale! Great Opportunity to own your favorite Bar & Restaurant in the heart of Orrock Township. Situated on 5.34 acres, this one of a kind 8,000 sq. ft. destination features: full kitchen, bar (on and off sale) and ample parking. Large capacity seating (350+) is great for events! Awesome to Retail For Sale M List Price $659,900.00 $/SF $69.18 Per SF Office SF Industrial SF Retail SF Land Size 5.33 Acres Parking Ratio Pines Town Offices - Unit 11090 Office Leased 11090183rd Circle NW + e Elk River, MN 55330 Floor/Suite Suite C i¢ Available SF 1,500 SF Owner Leased Rate +� Tenant Lease Type NNN Class A Leased Date Building Size 12,000 SF Expenses Year Built 2003 TI Allowance The Pines Town Offices is an upscale office condominium just east of Hwy 169 and Main Street in Elk River and to the north of Home Depot.High end finishes throughout the buildingOptions fortenant improvements available. Cam TBD. Pines Town Offices - Unit 11090 Office Leased 11090183rd Circle NW Elk River, MN 55330 Floor/Suite Unit B Available SF 2,700 SF Owner Leased Rate f r Tenant Lease Type NNN Class A Leased Date Building Size 12,000 SF Expenses $3.62 Year Built 2003 TI Allowance The Pines Town Offices is an upscale office condominium just east of Hwy 169 and Main Street in Elk River and to the north of Home Depot.High end finishes throughout the buildingOptions for tenant improvements available 6250 McKinley St NW Industrial Sold 6250 McKinley St NW y Ramsey, MN 55303 Sale Price $3,390,320.00 •^ $/SF $62.36 Per SF Owner Office SF Buyer Westco McKinley, LLC Industrial SF Class Retail SF Building Size 54,366 SF Land Size 4.70 Acres Year Built 1997 Parking Ratio Sale Date 05/29/2020 *Great access to Hwy 10*Additional land for building expansion*Tilt-up Concrete Construction*Dock and Drive in loading*Geothermal System in place*E-1 Employment District Zoning*Heavy Power Available*Precast tilt up construction*Geothermal System in place*Flexible loading option s*Secondary boiler sys Ryan Hardin ryanhardin@hardincompanies.com 612-860-6177 ArF Catylist Research 8/19/2020 This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other prof. advisor. HARDIN CO IP NIES Hardin1 1• " Y 1 Minnesota Medical Enterprise Center I Industrial Leased 8990 Springbrook Dr NW Coon Rapids, MN 55433 Floor/Suite Suite 260 Available SF 769 SF Owner Leased Rate Tenant Lease Type r- Class Leased Date Building Size 98,022 SF Expenses $4.63 Year Built TI Allowance Choose from Office, Warehouse, or a Combination of Both. Within Minutes of Major HWYs. Second Generation Lab Space and Clean Rooms Available. Area Tenants Include Medical Businesses. Drive-in Doors. Dock Installation Capabilities. Space can be Demised to Accommodate Tenant Requirements. Heavy Power. 11110 Industrial Circle NW Industrial Leased 11110 Industrial Circle NW Elk River, MN 55330 Floor/Suite Available SF 12,000 SF Owner Leased Rate Tenant Lease Type Net NNN Class B Leased Date Building Size 19,897 SF Expenses Year Built TI Allowance This property has 20,000 Sf Office/Warehouse. Multi -tenant. Up to 4 Separate Spaces. -Suite H—1,300sf Office & 1,300sf WH = 2,600 SF Available o 1 Dock Dooro End Cap Space -Suite G—1,700sf Office & 900sf WH = 2,600 SF Availableo 1 Dock Dooro 100% air conditioned•Suite E-2,600 sf Office Total 24282 Skylark Drive Northeast 24282 Skylark Drive Northeast Bethel, MN 55005 Owner Buyer Class Building Size Year Built Over 64 acres for development Sale Price $/SF Office SF Industrial SF Retail SF Land Size Parking Ratio Sale Date 27 O6012018 H Ryan Hardin t ryanhardin@hardincompanies.com a,`c Catylist Research —'— 612-860-6177 8/19/2020 This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other prof. advisor. Address Status Floor/Suite H4 HARL) iJAIIANIFS 15681 Andre St NW, Ramsey, MN 553031612-860-6177 Land Building SF Available SF 10904 NE 57th St Office Leased Floor 1, Suite 110 0.04 Acres 1,841 SF 1,274 SF 3014 Lakeland Ave N Retail For Sale 1.35 Acres 5,960 SF 5,960 SF 18409 NW Twin Lakes Rd Land Sold 1.85 Acres 28617 Jade Rd Land For Sale 59.95 Acres 2,611,422 SF 915 US-10 Office Sold 1.14 Acres 15,860 SF 15,860 SF 18853 Freeport St Retail Leased Floor 1, Suite 18853 1.05 Acres 6,614 SF 1,300 SF 17201 Ulysses St NW Industrial For Lease Floor 1 2.76 Acres 45,000 SF 10,000 SF '17201 Ulysses St NW Industrial For Sale 2.76 Acres 45,000 SF 45,000 SF 550-716 NW Freeport Ave Retail Leased Floor 1, Suite 716 9.25 Acres 92,038 SF 3,000 SF 6575141st Ave NW Office For Sale Floor 1-2, Suite Bldg 0.92 Acres 12,672 SF 12,672 SF 6575141st Ave NW Office For Lease Floor 2, Suite 200 0.92 Acres 12,672 SF 5,200 SF ®6575141st Ave NW Office For Lease Floor 1, Suite 100 0.92 Acres 12,672 SF 1,884 SF NW Highway 10 Land Sold 7.08 Acres 20,336 SF 308,405 SF �9349 '1000 W Cty Rd E Office Leased Floor 1, Suite 250 6.59 Acres 19,920 SF 1,347 SF 01000 W Cty Rd E Office EXPIRED Floor 1, Suite 230 6.59 Acres 19,920 SF 2,059 SF 9349 Highway 10 NW Land Sold 7.08 Acres 1,423 SF 308,405 SF '150 19th St S Land For Sale 1.29 Acres 56,192 SF 15560 Cleveland St NW Flex/R&D Sold 0.65 Acres 9,582 SF 9710158th Cir NW Land Sold 1.34 Acres 58,370 SF 9750158th Cir NW Land For Sale 1.30 Acres 56,628 SF 26211 184th St Retail For Sale 5.33 Acres 9,539 SF 9,539 SF : '11090183rd Circle NW Office Leased Suite C 0.08 Acres 12,000 SF 1,500 SF R11090183rd Circle NW Office Leased Unit B 0.08 Acres 12,000 SF 2,700 SF 6250 McKinley St NW Industrial Sold 4.70 Acres 54,366 SF 54,366 SF 8990 Springbrook Dr NW Industrial Leased Suite 260 1.22 Acres 98,022 SF 769 SF 11110 Industrial Circle NW Industrial Leased 1.70 Acres 19,897 SF 12,000 SF ® 24282 Skylark Drive Northeast Land Sold 62.76 Acres Price $4.50 Annual/SF $11.00 AnnuaVSF $11.00 AnnuaVSF $6.50 Annual/SF Ryan Hardin ryanhardin@hardincampanies.com �,Jjc Catylist Research 612-860-6177 8/19/2020 This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other prof. advisor. MINNESOTA 10 189 0 10 389 aids s St.il.d 1 (r 0 at ke y St Mil BurFalo 0 `ooklyn Plymouth — —.Mlnni Hutchinson Waconia °"FiWrie- fShakopee t 212 fSavage- a1a Prior Lake -14 d169 i ACDA H.ARDIN COMPANIES 1 /2 / 3 li 4 5 � 6 North Bran. $ ® W Bethel 9 q• 10 Forest _ ,Llake l.ino.La e5f � ` yj� f { Olilrs Oakdale_ 4 �waoa�y 12 Northfield 10 13 8 14 Nevi Ulm St Peter Faribautt 14 �1 C Mankato �. 'f 34 620 L.Quest 0 Tom1nom ® Mapboc 10904 NE 57th St Albertville, MN 55301 Bldg SF: 1,841 SF 6014 Lakeland Ave N Crystal, MN 55428 Bldg SF: 5,960 SF 18409 NW Twin Lakes Rd Elk River, MN 55330 Bldg SF: 28617 Jade Rd St Cloud, MN 56301 Bldg SF: 815 US-10 Elk River, MN 55330 Bldg SF: 15,860 SF 18853 Freeport St Elk River, MN 55330 Bldg SF: 6,614 SF 17201 Ulysses St NW Elk River, MN 55330 Bldg SF: 45,000 SF 550-716 NW Freeport Ave Elk River, MN 55330 Bldg SF: 92,038 SF 6575 141st Ave NW Ramsey, MN 55303 Bldg SF: 12,672 SF 9349 NW Highway 10 Ramsey, MN 55303 Bldg SF: 20,336 SF 1000 W Cty Rd E Shoreview, MN 55126 Bldg SF: 19,920 SF 9349 Highway 10 NW Ramsey, MN 55330 Bldg SF: 1,423 SF 15019th St S Sartell, MN 56377 Bldg SF: 15560 Cleveland St NW Elk River, MN 55330 Bldg SF: 9,582 SF 9710 158th Cir NW Elk River, MN 55330 Bldg SF: 9750158th Cir NW Elk River, MN 55330 Bldg SF: H Ryan Hardin " r, ryanhardin@hardincompanies.com 71rc` Catylist Research 612-860-6177 8/19/2020 This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other prof. advisor. HAet)IN i0A11',tNIF_t Hardin Companies 15681 Andre 1 i/0 Y ^�' •'� _ _ 17 26211 184th St ' • ��, jet" Big Lake, MN 55309 Bldg SF: 9,539 SF MINNESOTA.';'O 18 11090 183rd Circle NW Elk River, MN 55330 4M f Bldg SF: 12,000 SF T f , 19 6250 McKinley St NW Ramsey, MN 55303 0 '� ' v ! Bldg SF: 54,366 SF 20 8990 Springbrook Dr NW Coon Rapids, MN 55433 ." BIdgSF: 98,022 SF 21 11110 Industrial Circle NW Elk River, MN 55330 to r' Bldg SF: 19,897 SF 22 24282 Skylark Drive Northeast Bethel, MN 55005 Flo lag r r 1 .I Bldg SF: EL r %' RapKfsClojj SL ud INl rth Branch t Bethet tip sake Forest \Q d L/aLalce Sk. M'c'h BurfaLc Lino.L•akcs C�1 ooklyn - Plymouth Rnsevu % 'AM - --� Mllnni, 0LlS Oakdale a ?� Woodbury Hutchinson y n � ��-yyy�� - E den Ri4Lfih la Waconia Prairie I r'0" -tro, �.. Shak- L"5�n Heighk5 10 212� `` Savage / Prior Lake 11�9% '' kevlUe 61 152e Northfield New Ulm St. Petro y Fa [09� Mankato w.e r 6202V MapOoast ® TemTom ® Mapbox Ryan Hardin max ryanhardin@hardincompanies.com �c Catyiist Research 612-860-6177 8/19/2020 This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other prof. advisor. Il:i.Y: �Y' r oar 1JS"i + f !Y. � • i• -- YAW rf ti7 •.r - '' ` ~ .. - - trict 12 I� .Z .r' i i'--. �� t •.r` �•'Sf: jr J� H* tt1 HARDIN COMPANIES ----122 CONFIDENTIALITY/DISCLAIMER Partners Real Estate MN Hardin Companies has obtained the information contained herein from sources believed to be reliable, but not guaranteed. Partners Real Estate MN Hardin Companies makes no representations or warranties, express or implied, are made as to the accuracy or reliability of this information. Any references to square footage or age are approximate only. The recipient bears sole responsibility for verification of the accuracy of the information contained herein and bears all risk for any inaccuracies. Partners Real Estate MN Hardin Companies shall have no liability or responsibility to any party for any Loss or damage arising from reliance by any party on the information contained herein. Information subject to change. Partners Real Estate MN Hardin Companies is a Licensed real estate brokerage in the State of Minnesota. If you need any professional services including but not limited to: legal, tax, survey, environmental, zoning, title or other advice, please consult the appropriate professional. Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com hardincompanies.com EXECUTIVE SUMMARY PROPERTY OVERVIEW Excellent opportunity for high visibility Elk River office space. Highway 10 frontage with 33,000 VPD. Two floors and approx total 14,190 sq ft on 1.19 acres. Contact The City of Elk River regarding redevelopment opportunities in the Downtown District. PROPERTY HIGHLIGHTS • Excellent location & visibility on US Highway 10 • High Traffic Counts, Over 33,000 VPD 9 1.19 Acre Site Located in Elk River's Downtown District Well maintained building H HARDIN CC)MPANIES -IbA- Sale Price: $7999900 PID Number: 75-405-0180 Lot Size: 1.19 Acres Building Size: 14,190 SF Year Built: 1974 Class: C Zoning: Downtown District Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com hardincompanies.com SM -7 nA {_ow— - c-. q.: :- '-.; a":=� - ..::.� '=-r•;.+r ,- .- 'vim'" r4 �p �} '4 - � �es�'?c' i!?'r r "' . _'^��,..?�y:�.•�ck • r .ezr�-- ry � � y S Y } J, � •JtWx i � +4 ' > Fli ...... ..... +„ :S SY �' w'-_. : rfy • �! '.J "'dN% - �'+Z �} i _ .3 �' :'"y{�.�-1•... �'' IF tJ - Y•r tiiS', a` �ii-r..`r.�•3' _ d !7��+5 ��- �i37 i�,>� a- _ iv jf '..1 �.-h._•,rly}•i�� :, POlatrict 728 i Y �_ ' ry NacVmaem . a H ghl-r to 0 kR- �i' LOP-- k A = = = bb e 0-1 ACH 'g HARDIN COMPANIES LOR--- Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com hardincompanies.com LOWER LEVEL FLOOR PLAN � , % 1/6" = 1.-0.. f 4w H HARDIN COMPANIES -�� Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com hardincompanies.com 4 J 1 0.O. MAIN LEVEL FLOOR PLAN W HARDIN COMPANIES Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com hardincompanies.com Complex Elk River Senior Je High School 14chooi St NW Cretex Concretti 9th St N Products North Marcus Eik River Cinema St N W ;P7 t.c Lions Park Wh St WO ET z M h st NW S%h St Nvi ERMC 815 U'S. 10 p e, 7r jul st MW 3rd St Uw 4 13 Main StNW z F4-21 ftp I Wairriart Supercenter N4A Ve a. The Horne Depot 0. tit Gor 'gle Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com HARDIN COMPANIES hardincompanies.com L4J San*fags ea 5 CCable Griggs Lake Siti•rbwne aa;9 Bradford Bocium North Branch ,ke Nip*ional I)XIIP 'i lildlite - Isanr Refuge Weber St Augusta Clear Lake Zimmednan Grown as Clearwater Becker St Francis Bethel 52 Martin Lake t� bS Chisat `� 2a Linwood B: ake 9 � Oak Grove Wyoming y g $ Fairhaven 1815 U.S. 10 Silver Creek 7p MontiEella Carlos Avery South Haven State Wildlife Otsego Management Forest take Annandale Ramsey Area 100 Ham Lake Maple Lake Albertville Andover bs 51 55 St Michael French Lake Anoka Rogers Albion Center Buffalo Coon Rapids Lino Lakes Hugo to � bt° 55 69? Greenfield Rockford Corcoran Brooklyn Park White Caka:a Smith Lake fvSontrase Maple Grave Shoreview Hear Lake Howard Laketi 55 4W Delano Medina ib9 35 Plymouth O ICU—Rosevjile tz Lak Orono Wayzata Minneapolis Winrt:d Watertown Gr I niii.s Dark _ H Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com HARDIN COMPANIES hardincompanies.com i ATM (Charlie T� ------ �� Browa 1 /� Brown's nc) shelf J AO �# Argf ~ z 815 U.S. 10 ' r * + f % `- 'fie: `` f ^►/- � IN OR "*fir 'f -1►� 1 AIL j— AsLI _ r �, ..�. Eft dertta! Centeft-r �• r �, _ Vol ALOE AW ' r� v�Go gle • `� �•.� 1 First+.ational ■y IL dm=mb I � rw 40 40 1 As i *4 1p am 7S-W5* 75-4os-0180 9-01i0 75 405=0280 75=405-0i10 Ryan Hardin, Broker H_,* 612.356.2002 ryanhardin@hardincompanies.com HARDIN COMPANIES hardincompanies.com I 0 Arlo, m. Iz le 71 441 Mrs 'on- tit H -W HARDIN COMPANIES CONFIDENTIALITY/DISCLAIMER Partners Real Estate M' ' iJrdin Companies has obtained the information contained herein_f,'�_=f,A .;,,,�,rces believed to be reliable, but not guaranteed. Partners Real.E,,cjte MN ,,cdin Companies makes no representations or warranties,,°.=.>�ress`-li,r im0k-, a,are made as to the accuracy or reliability of this informatka,!- 'tiy references to square footage or age are approximate onl -. -a ^ ',clipief--- aVpars sole responsibility for verification of the accuracy of thy-- ihfc,j.,,,.A),ron contained herein and bears all risk for any inaccuracies. )artn(.,',, 1�aL Lgtate MN Hardin Companies shall have no liability or e .apon-r�"Lity to any party for any loss or damage arising from reliance by rty on the information contained herein. Information subject to Change. Partners Real Estate MN Hardin Companies is a Licensed real estate brokerage in the State of Minnesota. If you need any professional services including but not limited to: legal, tax, survey, environmental, zoning, title or other advice, please consult the appropriate professional. Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com hardincompanies.com EXECUTIVE SUMMARY PROPERTY OVERVIEW Excellent opportunity for for single story brick building built in 1975 with over 10,098 sq ft and 34 parking stalls on 1.16 acres. R1C zoning, contact The City of Elk River regarding redevelopment opportunities and financial assistance! r ■ PROPERTY HIGHLIGHTS Excellent location & easy access to US Highway • 1.16 Acre Site • Three Parcels, 75-409-0205, 75-409-02r: 75-409-0250 • Former Senior Center • City Owned L't _� HARDIN COMPANIES SaLe Price: Negotiable PID Number: Multiple Lot Size: 1.16 Acres Building Size: 103,098 SF Year Built: 1975 Class: C Zoning: R1c- Single Family Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com hardincompanies.com WITORV,1' Ea 4 4= = Mb i � J � � ' �, ` '..T—�4� .., ;'� x'�e i — •,��7 r..r µ � 3 '� � +� ,IJI r . �9s '' s?'h`'�`` ��' y � "� v t '� �ro , _ _ _ 'tic- �'• r' �.,, � a ,� fir; ��" � � � - 'FT k •� ...' ��. �, i •-�'-�'iri gq ' �k'r �+.� � .-,r ,s` '' ,zk �� -�� -��1' � .ice° d'f,�1t•��ti yIm t- m=sue r y � . ~-Y ....T ic, -r 4, {�",,r' ,s�� ' ':'�„ i '•�i 'r-11 '•�,• G$.. :�,v 's � •� r, �'�. v'�.,•e 1,01 • _ cr'•!q,99 ?,%4'.'. al _ �v• -• — d. - _C�r• • �.�. Fk _ •ai�i _. �� - � ,�.�_ .. �;r°�"�� y •r� ri., s. �..: i - ! ter- -� � - - ��, •q'r � . �h � - •'Y� � ..fir I _ - - � - 11 w• i� r 1��r � y I ye, . I -7 • P r d �'i '�. •'F .7• �•�:.fa• 7 ',YS ter• �`^'�f .,..._f �- ._�� rx - -r - - tot..�Iq 11 N.tr _H -*'- IUMIN COMPANIES r ' 1 "'-�I. FT- in 0 ELK RIVER ACTIVIT',` C ENT R 1* op 154,0 sf DA 9 8' 34' Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com hardincompanies.com . 2 - a TCF Bank ATM 99 C Shell 0 6th st NW 5th St NW 6th St NW SO 18 t � `a ............. _...... ............... � e v n 'iuperlor Upholstery -Autry Trim z z x Emmanuel Eth st NW 5th St NW 5th St NW Sth fit NW Lutheran Church 0 4 The !angle E ?- Holy Trinity a 'kl Union Congregational Family Hair Salon tv t Episcopal Church �473 Proctor Church, United Church... 'p% �6a14` z Avenue Norjhw y 9 Guiding Hands Preschool g Dairy Queen Spike"s Feed, 1akeaut• Deliver Y C I�� Atli St NW � Atli St NW Ath si & Pet S 4rF gr Nw/ � Animaw tee Elk River United Handke Pit rmingMolase� 0 4t4SytsY� Methodist Man St any a Center 9 Nature's Laundry Land Shell Mkt,{ The Landmark 9 �3 Cretex r M�,n SF N4/ Y •�' Bonnie Koste Agency 19 Inc American Family... Dar, 4 Crema' a` a Ga.: g!e a >r Map da.a 02020 SccgL United S=es Terms Send=eedba.k Ryan Hardin, Broker H 612.356.2002 ryanhardin@hardincompanies.com HARDIN COMPANIES 480 hardincompanies.com • Parent tas __ YV Granny Sartell io n 9 . Ca+"egev;94e Sauk Rapids BfiCktOR ss 95 Cushing Walbo Stark Harris St Jos� h St Claud Dueem Pri:vc�ton Cambridge rtSfk i� � Santiago ss �n se wolf Creek Cable Sherburne 569 Bradford Bedum Br+ggs.Lake North drench k Eureka Center Pleasant Lake National Oxlip Rockville r0 Wildlife Isanl Alme:und ar C � Refuge Weber i Spring St Augusta 9 C➢ear take Zimmerman Crown ai Centuri Clearwater tv Becker St Francis Bethel s;asy Taylors Falls gs 52 Martin �_aKe Llndstrorr 'p Ct Isago City 15 za Linwood Dresser B.g Lake C a k Grov+,, 413 ProCtOr .� Wyoming Fairhaven Watkins K iTibJll Silver Creek ry Avenue Northwest Osceola Phontiaci'ro Carlos Avery South haven Slate Wildlife rs Otsego •�o"gement r•nres] Lake Annandale Rams eyS r Area East zs 1-iart% Lake Scandia irgtan Horse Creek F.arm Maple LaltL A➢berty (as 15 ty K..Rgston French Lake 3 St M➢c) Marine on A➢b.on Center B Felo , y �� . , Rogers Coo. Rapids at S+ Cin9x Star; � ..! , +. 1 ^ L.r10 .-aka9 Hugo 0 - in a, Arcols• Somerset .Q Cie chn parWn Dassei Cokato Sm;th Lake Rcckford� Brooklyn Park �:- ., Howard Lake �; iytontmno .Jple G'aov$ 1z li(•'llPn ,: 4, r5 �� w � k� Stillwater Boardman A Oak P rk C Jenne 25 tr Plymouth � ilelghto- Wayzata Minneapolis .; Lake Limo 12� Robert: nsted Wa:erto4vn orortu - Hcdson W. + St Louis Park © St Paul rhsplewanrt q ,F.:. ,, 25 - Mound -- Q Minnetonka wes' S' P.,u' Woodbury SiNcr Lame !<uttl Q Silreewood Altr:; 65 Lester Prairie r'4:1yzr F-dina R!chre!d INerrdwa t s � I� h{erghts _ ._ ... Piss' .$kie 0 Inver Grove R€verFalls HeatWOie -. Bloomington Heightsh_ r _ _F,Aapdata 62020Caogfe UnrtedSra;as Terms Sendfeedbr tts Ryan Hardin, Broker H 612.356.2002 ryanhardin@hardincompanies.com IiARDI1V COMPANIES hardincompanies.com ,ter - .. r i'•- qU per: or 'Upho!�tery wo Trin, 0 �.. , [ii;Si'NWj5[h'St HW Sh St NWT, thASt N !j•:= S[h St'v4'J. SSh':St MW[,e .1"I'l5[h Stvey�y Y 2 w • '° - � � * ' � U� � [lnirri Ci]!'+�ega!iana[ � HolyTrimiy — t d7P,10"aIf , 1' .. - Chu rcf,. United Chuch Episcopal Church = A• ui North ■ T - F , a ,.Ath-'St 14W. atf, S[ NW . AtSi St;NYY 4th trNtiYf 4th;SS,NL4 4tr, Sl Nv:; 41h SI NW. e. 4 •��4f.""S. ' ti .�.'IFI!iC�Ctic[ • ,RSrN . , 1 `idrr!k,".ouse : _ I�R9'T Yr � ; � I.`•.i) :"3 rr,:r;ir,r,ir,y ..-. _ _ , �ti.,zz • f •..' a yv;v Z. hand:[ Google 'k 4iM=M I � AMCMr N-W, Id-4 J-� S H HARDIN COMPANIES J+ lmm� VT t Y � x.a 1 for e� ti• may. ' r� w_ . ' Or -- Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com hardincompanies.com ir7,; -, 40 a *4w I q � '� � � •�.�. r �' . i I ' r• r 11 -Amift�? - - _ • t l � i1S left I AL JW - I ■y1,3ob 1p- r•• + I OT A lip + 4im=ice r ry V .�„r. .. 'rr-A4 + ; - ID "I . �rtrtrrf tttsat . r 41 � .cam=mb . n F � f Y- r. 5r i Ow H -WwA HARDIN COMPANIES Ryan Hardin, Broker 612.356.2002 ryanhardin@hardincompanies.com hardincompanies.com DID YOU KNOW? (Yes, we sold another one ... well actually three) NO OTHER LOCAL REAL ESTATE PROFESSIONAL HAS MORE PARCELS OF LAND ON US HIGHWAY 10/169 SINCE 2015* THAN RYAN HARDIN! HAVE A PROPERTY YOU WA SOLD? CONTACT RYAN HARD I N TODAY AT 612-860-6177 HARD_ I�OMPANIES ARE YOU REr"'\DY `-O HIRE THE RIGHT BROKER TO GET YOUR PROPERTY 7 CONTACT RYAN HARDIN TODAY AT 612-860-6177 OR ONLINE AT Hardin Companies Commercial Real Estate Ryan Hardin Broker 612-860-6177 ryanhardin@hardincompanies.com www.lia,rdincompanies.com Local Postal Customer PRSRT STD ECRWSS U.S. POSTAGE PAID EDDM RETAIL _ VUR( NORTNSTARMLS SDLO PARCELS ONUS HIGHWAY 10/169,FROM ANOKA TO BIG LAKE THROUGH ELK RIVER. IF YOU ARE CURRENTLY UNDER CONTRACT WITH ANOTHER REAL ESTATE BROKERAGE THIS IS NOT INTENDED AS A SOLICITATION. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. I DQ • Y�• �� yin }y'.�'.+',� _ - •_ _ Y. '• ; - 7 • Ar MISSION VISION At Hardin Companies it's our our vision and our core value mission and our passion to be is to provide direct and the number one commercial honest communication so real estate brokerage of choice clients can make sound in Minnesota" informed decisions WHO WE ARE When we started in real estate in 2008 we envisioned a real -, estate company that would provide honest upfront communication while workingi.. to exceed clients expectations cr time and time again. Our commitment to results and service is truly what sets Hardin Companies apart. 0 WHAT WE DO If you are searching for the right real estate brokerage to consistently deliver results, the professionals at Hardin Companies bring a wide range of experience to meet your needs. Whether it's Buying, Selling or leasing, contact Hardin Companies Today. 612-356-2002 MOM II� }T• 3 Iji lr� 40 HANDOUT ITEM 8.2 09-08-2020 4 1jo r 1T�-!�� ■ I��1r4M1 ELK RIVER ACTIVITY CENTER 55+ Request For Qualifications and Proposal for Real Estate Listing and development services. 0 CJ 0 L) 0 U U u u u i� L� J L) J J J U U J 60 lip ELK RIVER ACTIVITY CENTER 55+ REQUEST FOR QUALIFICATIONS AND PROPOSAL FOR REAL ESTATE LISTING AND DEVELOPMENT SERVICES Letter of Understanding and Introduction 3 Elk River Activity Center 55+ Background 4 Understanding and Approach 5-6 Marketing Efforts and Process 7 IAG Mission and Core 8 Ca pabilit! es Specific to This Project 9 Representative Projects 10-11 Personnel and Staffing 12 Resumes 13-14 Fee and Services 15 Agreement Form 16-18 R E A L Ft S L A T E 222 South Ninth Street, Suite 1600 Minneapolis, MN 55402 612.216.5280 2 U J :e �e iAG commtkdAL August 31, 2020 Ms. Amanda Othoudt Economic Development Director 13065 Orono Parkway Elk River, Minnesota 55330 RE: Request for Qualifications and Proposal for Real Estate Listing and Development Services. Dear Ms. Othoudt, Thank you for the opportunity to introduce our company, IAG Commercial (IAG). IAG was started to exclusively service the commercial real estate needs of end -users such as the City of Elk River. Our specific focus avoids the institutional listing and management conflicts that reside within our larger national competitors. IAG Commercial was started in July of 2009 with one driving focus: to supplement the commercial real estate needs of our end -user clients who do not regard real estate as their core business. Our exclusive focus helps clients plan, define and deliver on a commercial real estate strategy that complements their business plan. The agreed upon strategies are delivered through our services: leasing or buying buildings, disposing of excess real estate, developing new buildings or overseeing construction through our project management services. Amongst our proposed team we have more than 60 years of experience in commercial real estate. We are "experienced" in advisory planning, brokerage and development services. Our presented team is the same team that has been involved with our case studies and will be responsible for delivering services to the City of Elk River. We have consistently been recognized as market leaders over our careers. We have advanced degrees as well as multiple professional certificates and leadership experiences in our industry. We have successfully disposed of excess real estate for our clients, large and small. In the pages that follow, we will detail our experience which is relative to your project. Sincerely, Jeffrey L. LaFavre, CCIM, MCR, SIOR President (612) 868-7429 ilafavre@iagcommercial.com IAG Commercial 222 S Ninth St, Suite 160Q, Minneapolis, MN 55402 Michael Sedley Senior Advisor (612) 989-0906 msedley@iagcommercial.com www.iagcornmercial.com 3 LI r C) n r r C'} �y ri ELK RIVER ACTIVITY CENTER 55+ RE-USE/RE-DEVELOPMENT Background Our Understanding; Elk River Activity enter 55+. • The Activity Center 55+ has been a great community asset. • There are numerous improvements necessary to upgrade the facility. • City Council has decided to include the Activity Center 55+ in the new city multipurpose facility. • Therefore, the City has decided to seek a buyer for re -use or re -development of the property. Project Detail- • The building is approximately 14,000 square feet on 1.16 acres of land. • The site is currently zoned residential with a conditional use approved for the Activity Center. • Potential for re -use by another entity, although a conditional use permit must be obtained for any other use. • Potential for re -development. The goal is to identify a purchaser for the current building for the land itself. 4�ft MG c4*4WRCIA1 4 - I UNDERSTANDING AND APPROACH r"\ ri 4 Meet with City Staff Conduct a kickoff meeting with City staff and managers to review project goals and objectives and its aspirations for end uses. We will set up a schedule of regular zoom calls throughout the project. .F Task Assessment of Existing Conditions 021A We will conduct due diligence related to the site and existing building including: • Environmental condition/ Phase I (third party provider) I Review City assessment of cost to upgrade the building for a new end user. IAG will also develop its [ } own estimate of cost to replace aging equipment, make structural repairs and bring the building in compliance with current code including ADA. k� LJ u LA J r Determine Highest and Best Use Our project will start by understanding the highest and best uses for the property. The market analysis will include the following subtasks: • Meet with City planning department and, if appropriate, Planning Commission and City Council to determine allowable uses for the existing building and re -development. • Conduct research regarding value of peer properties for commercial and residential uses for re- use and re -development. • Conduct market analyses for the most obvious uses including reuse of the existing building, residential re -development opportunities and less obvious allowable uses. • Synthesize market analysis to determine overall value by use. F1 IV 0 Commercial Real Estate f Services • Provide commercial real estate listing services as detailed on page 9. • Statewide and regional outreach through CCIM network, DEED and Greater MSP. • Based on highest and best use, direct marketing to organizations which fit the profile of that use. • Conduct tours for potential users. • Advise City staff on response to offer(s), negotiate sale terms approved by City staff. • Coordinate Buyer due diligence and manage the closing process. • Assist City Attorney with purchase agreement negotiation and preparation. • Initially, weekly zoom calls with designated City staff member(s) through due diligence and highest and best use process. Bi-weekly calls thereafter. IAG prides itself in consistent and timely communication with its clients. 6 IAG� CC-WMFK"M1 I" r) D L 6i U U MARKETING EFFORTS PROCESS LOCAL AND NATIONAL MARKET 24-HOUR LISTING ACCESS KNOWLEDGE We can tap into our national property database of 150,000 transactions or generate market reports to help customers make informed decisions. NATIONAL/GLOBAL LISTING CAMPAIGN We can quickly market your property to millions of prospective buyers through our access to Costar and LoopN et. MAXIMUM LISTING EXPOSURE Listings are automatically distributed to our local website, LoopNet, Costar, Catalyst, and more. Listings can also be viewed on a Global scale. =j COStaT" teamwork orb « z Teamwork PM, a web -based project management tool, provides real- time access to every aspect of your listing, including files, timelines, task lists and communications. IAG/LOOPNET/COSTAR Site Page Views: 3,953,911 Visits: 482,198 Property search Views: 1,576,430 Property Detail Views: 273,587 IAG COMMERCIAL R E A L E S 1 A 1 L 1 MULTIPLE LOCATION SERVICE If you have other real estate needs, we can quickly locate the right professional to help you, no matter where your business takes you. FINANCIAL ANALYSIS With financial analytics, we can analyze real property and improvements, and create lease vs. buy, sell vs. hold and "what - if" scenarios. PUSH BUTTON MARKETING We can market your properties with the push of a button: flyers, flash presentations and other marketing tools, and generate "interested client lists" via e- mail campaigns. 1 • 1 �1 i$•OEsrdrE a r ra- CCIM Insfta 1AG CrNMFW71AI 7 rid n n n C) C3 �7 C� �7 1p 2.5.6.2 Based in the Greater MSP area, IAG Commercial was started 1n July of 2009 with one driving focus: to meet the exclusive real estate needs of our end -user clients. We help end -users. plan, define and deliver on a commercial real estate strategy that complements their business goals. These strategies are then carried out through leasing or buying space, disposing of excess real estate or selecting and constructing a new site/building(s). IAG will conduct the market analysis, perform detailed searches, provide marketing for dispositions, and provide transaction support. IAG Vision: Creating better communities by helping clients plan and execute wise commercial real estate decisions. Amongst our team of commercial real estate specialists, we have more than 60 years of experience in real estate. We have advanced degrees as well as multiple professional certificates in our field. We have helped clients locally, nationally and globally achieve their goals on both simple and complex tasks that were important to them. Assigned key personnel for this project are listed 6 on the following pages with contact information. „ j Detailed resumes are included as well. We pride ourselves on working as an extension of our client's team and are committed to providing proactive real estate asset management that positions real estate to best service the needs of the business units. 1AG 00MMFk_,fAI OUR SUITE OF SERVICES INCLUDE: * Tenant / Owner Representation * Building/Space Disposition * Portfolio Management * Development & Construction Project Management * Strategic Real Estate Planning * Lease vs. Buy Analysis * Land Acquisitions/Assemblage We work alongside our clients to make sure they are advised and guided through the planning stage and the implementation of the agreed upon tactics. Our Client Commitment: We want to help every client see their plan through to success. We approach our client relationships as if we were part of their company or organization. We commit to working hard for our clients to identify real estate solutions that best meet their current needs. Guiding our clients down the path to achieve their long-term goals is what drives us each day. Most of all, we hope to create life-long business relationships that continue to grow with your business. Core Values of ourTeam: Trustworthy in Actions Committed to Livewith High Integrity Passionate about Helping Others Kind to Others/Collaborative Driven to Excellence and Urgency in Delivery of Services BUSINESS INFORMATION Legal Name: Integrust Advisory Group, LLC D/B/A: IAG Commercial Website: www.iagcommercial.com Years in Business:11 8 i� CAPABILITIES SPECIFIC TO THIS PROJECT IAG has extensive experience in disposition of excess real estate and project management services. In the following pages, we will illustrate some representative (' projects we have successfully completed similar in size to your existing property. IAG has helped its clients dispose of real estate large and small, whether 10,000 square feet or 500,000 square feet, IAG delivers the same level of service. r • IAG's in-house project management will assess and validate the cost to improve the r-) building and inform the appropriate listing price given its condition. r • Michael Sedley has extensive experience in residential development which will be an asset in assessingthe viability land value of re -development. Michael will assist with project pricing for development scenarios, as needed. C) J L) L) Ll J 6) J r� W • If economic development assistance packages are available to prospective buyers, IAG will work to facilitate and direct prospects to that assistance. EXPERIENCE IN THE Ai F • We have not worked with the City of Elk River in the past. We have worked with a number of communities and clients from the area including the City of Ramsey. We have assisted many clients within the area to lease, buy and sell buildings. • We are confident our databases will allow us to create maximum market exposure for this property. We are confident in our processes that help drive maximum value for our clients' properties. Corporations, government entities and non -profits are our primary market focus. Subsequently, we understand the important balance between wise advise and quickly selling a property for the best price. Our clients tell us our focus provides a higher and non -conflicted level of service, which they appreciate. • We believe the City of Elk River will find our actions to be consistent with working as an extension of the City of Elk River, rather than only an independent contractor working to sell a property quickly for any price and then move on to the next client. R EPRESENTATIVES PROJECT NORTHWESTERN it HEALTH SCIENCES UNIVERSITY 1 a ilia 11 pri Jesus People Chinch Rogers 10,000 sq. ft. Sale Price: $900,000 St. Paul Clinic Burnsville Clinic 5,Q00-6,000 sq. ft. Sale Prices: $600,000-$800,000 U.A. Local Plumbers Union Local 15 Buildings Minneapolis 11,642 Sq. Ft. Sale Price $1,890,000 LSD[, l"�C1kIMFIt�IAI Ift REPRESENTATIVES PROJECT R'"!, - k � rl•j 1 , L� r Retail Ce nl Ewan 12,032 sq. ft Safe Price: $1,32'. Access Lift Building Eagan 5,DDD sq. ft. Sale Price: $755,ODD Iverson Retail Property St. Paul 10,400 sq. ft. on 0.27 acres $1,1DD,QDD TEAM MEMBER RESPONSIBILITIES 2.5.6.3 Each member of the IAG Commercial team plays a vital role in the success of each transaction. Jeff LaFavre, Executive CCIM, MCR Advisor Michael Sedley Founder and Owner of IAG Clients include North Central University, City of Brooklyn Park, The Travelers, OSI Physical Therapy, Ecolab and Blue Cross and Blue Shield of Minnesota * Oversee all activities and resources of the team and client relations * Coordinate and advise on pre -marketing activities * Lead financial feasibility modeling and oversee valuations * Assist team in their review of all due diligence materials and market information • Lead efforts on due diligence and Farmer Keewaydin Real entitlement efforts on land sales Estate Advisors • Leverage local network to create market Vice President awareness and excitement for the property • Coordinate market feasibility analysis Experienced in Project • Negotiate terms of sale management of tenant Senior • Determine highest and best use, including improvements and new Advisor possible residential development ro development projects p p 1 Oversee due diligence process with prospective buyers Tenant representation • Meet with Client to review progress and assure deadlines are met Master planning and . Assist Seller and Seller's attorney with entitlement process contract negotiation and preparation 106 U."reV I A I jW IAG COMMERCIAL R E A L E S T A T E Jeff LaFavre incorporated Integrust Advisory Group, LLC (dba: IAG Commercial) in July 2009. Jeff focuses his time around serving clients and managing teams for our corporate and investment clients. Jeff began his commercial real estate career in 1989 with the Trammell Crow Company. in 1994 he co-founded the United Properties, now Cushman & Wakefield-MSP, Corporate Services Division and helped build this divisiion until e.) 2004. From 2004 to 2009 Jeff was Managing Principal of the Minnesota operations for Colliers Turley Martin Tucker. Jeff has an MBA with a finance emphasis from the University of Minnesota, Carlson School of Management. He has earned the Certified Commercial Real Estate(CCIM) certification, the Masterof Corporate Real Estate(MCR) certification and the Society of Office and Industrial Realtors (SIOR) designation which recognizes the top ten percent of all commercial real estate brokers. Leff LaFavre, CCIAA, MCR Honors &Accomplishments: President • (2008) Award Recipient of Business Journal's Best Places to Work as IAG Commercial Managing Principal of Colliers Minnesota - (2002) Minnesota Business Journal 40 Under 40 award recipient jlafavre@iagoommercial.com • (2001) Eagle Award recipient of United Properties that annually recognizes the top employee within the company 222 South Ninth Street • (2000) Lead developer for BlueCross and BlueShiel'd of Minnesota Suite 1600 corporate headquarters and awarded the best mid -size Twin Cities office Minneapolis, MN 55402 building by NAIOP in 2000. Tel. (612) 868-7429 Currentand Past Community/Professional Involvement: J - (2018-Present) Board Member/Secretary CoreNet Midwest • (2016-Present) Burnsville Economic Development Commissioner (2009) President of the Minnesota Commercial Property Exchange and board member (2008-2014) • (2008-Present) GreaterTwin Cities YMCA General Board Member - (2008-2013) Chair of GreaterTwin Cities YMCA Property & Facilities ✓, Committee j Current/Past Clents: City of Minneapolis The Travelers • City of Brooklyn Park Xcel Energy • BlueCross BlueShield of MN J PRIMARY SPECIALTIES Corporate Real Estate Tenant Representation/Disposition Development/Investment Services 13 } Michael Sedley Senior Advisor IAG Commercial msedley@iagoommercial.com 222 South Ninth Street 'M'A ir. f1�11I11 �� R E A L E 5 T A T F Michael has built a multi -faceted real estate career over the past 28years in land development, corporate tenant representation, senior living development, corporate strategic planning and complicated real estate negotiation. This broad background gives him a unique perspective from which to evaluate potential development opportunities and see them through the acquisition, entitlement and development phases. Michael started working with IAG Commercial in 2019. Michael spent half of his career in large volume, production homebuilding during which over 3,000 homes where constructed and sold. His background consists of leading the land development team as Vice President of Land at Pulte Homes in Minnesota and additional experience as Sales and Marketing Manager at Ryland Homes in Minnesota and Ameri-con Homes in Northeast Ohio. In 2005, as Vice President of Land at Pulte, Michael directed the development of $65 million of land. As a private corn pany, this departmentwouId have had revenue of approximately $80 million annually. Michael and his team were responsible for the development of over 1,000 lots. In 2006, Michael struck out on his own and created Sedley Development Partners, L.L.C. Michael's experience atstructuring complex transactions and his expertise in managing the entitlement and land development process are the key to his successful completion of projects. Suite 1600 Michael dedicated four years of his careerto corporate strategic planning and Minneapolis, MN 55402 commercial real estate tenant representation as Vice President at Keewaydin Tel. (612) 889-0906 Real Estate Advisors. His clients include or have included: Plumbers Local Union #15, CenterPoint Energy, United Hardware, Mesaba Airlines, MLT and Target Corporation. Since 2012, Michael has focused on the development of large-scale senior living, focusing on sophisticated market and site analysis, site selection and negotiation, entitlement and architectural and civil engineering design as well as project management. Michael has significant experience working with municipal staff, planning commissions and councils in the entitlement process. Michael earned a B.S. in Business Administration from The Ohio State University. After Ohio State, Michael then earned his M.B.A. atTlie Weatherhead School of Management at Case Western Reserve University. Im FEES AND SERVICES IAG Commercial prides itself on being flexible in drafting a unique compensation plan with each of our clients. IAG Commercial recognizes each of our clients have different financial ideas and cash flow needs. Ultimately, IAG Commercial will work with each client to design a plan that works for both the client and IAG Commercial. This plan could be as simple as hourly fees for advisory work and commissions for transactional work. Other plans may include retainers, hourly fees offset against future commissions or other combinations that motivate both parties to work together and achieve their desired results. Achieving a "win/win" structure is. important to the long-term success of the project and sustainability of the business relationship. Brokerage Services including disposition, acquisition and tenant representation: • 6% for a direct sale with co -broker, 5% without. Brokerage services fee to be paid upon closing. Buyers' broker, if involved, will receive up to 50% of such fee. Overhead Costs: IAG Commercial will absorb all ordinary costs for services provided above. Any extraordinary expenses such as blue -print copies, community engagement events and similar items will be the responsibility of the County and are subject to pre -approval prior to the expenditure being incurred. L� L) J L) J L) L) L) L) J J IAG Commercial 222 South 9s' Street - Suite 1600 - Minn apolis, Minnesota 55403 - (612) 338-2828 EXCLUSIVE REPRESENTATION AGREEMENT (LISTING AGREEMENT - SALE) THIS AGREEMENT ('Agreement") is evade this day of , by and between Integrust Advisory Group, LLC, a Minnesota Limited Liability Company doing business as Commercial (hereinafter referred to as "Broker"), and 1 , with a business address of (hereinafter referred to as "Owner"). I, Agency- In consideration 4f its efforts and expenditures, and its a, recment to list in its offices the real I l y and improvem`ents`Yrereinafter described and to provide the services referred to herein, Owner hereby appoints Broker as Owner's exclusive real estate agent during the term of this Agreement and grants Broker the exclusive right to sell the real property and improvements, if any, described as follows (the "Property") or any portion thereof-. ADDRESS: �l CITY, STATE, ZIP: COUNTY: BUILDING SIZE: (Sq.Ft.) PROPERTY TYPE: LEGAL DESCRIPTION; SALE PRICE: f - i OTHER TERMS: �) Broker shall be entitled to a Sale Commission for any Sale transaction entered into by Owner in accordance with the provisions of this Agreement, whether such Sale transaction is negotiated directly by Owner or another broker or whether .such Sale is at the price and upon the term contained herein, or at a different price or upon other terms at may be accepted in writing by Owner. 2. Commissions, "NOTICE; THE COMMISSION RATE FOR THE SALE, LEAST~, RENTAL OR MANAGEMENT OF RIVAL PROPERTY SHALL BE DETERMINED BETWEEN EACH INDIVIDUAL BROKER AND ITS CLIENT." See attached Commission Schedule, the terms of which are incorporated herein by reference. 3. Term. Term of this Agreement shall commence on and shall expire and terminate on Q August 3T,'019 subject to the Protective Period provided in Section 4 of ills A&nw=nL d. Protective Period. Owner furthcr agrocs that in the event any Sale of the Property resulting from any contract or agreement entered into by Owner within six (6) months after the expiration or termination of this Agreement ("Protective Period") is consummated with any person or entity for which a Sale Commission would otherwise be payable by Owner hereunder, Owner will pay the Sale Commission to Broker. If, at the end of the six (6) month period, the property is under contract with a party on the original `protective list" as defined herein, the Protective Period shall be extended another six (6) months or to close, if sooner. Owner shall furnish Broker with all relevant information received by Owner during the Protective Period regarding any purchase offers or inquiries from such persons or entities promptly alter receiving same. The Broker's Protective Period shall only be applicable to persons or entities with whom Broker has negotiated during the tarn of this Agreement. Broker shall identify such persons or entities by providing Owner with it written "protective list" within 72 hours of the expiration or termination of this } Agreement, time being of the essence. Broker shall be conclusively deemed to have "negotiated" with a party, if Broker (or any outside broker acting at the: direction of Broker) has shown the Property to such party or prepared an offer/Letter of Intent on behalf of Owner to sell the Property to such party or submitted written information to such party concerning the Property specifically at the J request of such party. L) 5, Owner's Representations and Agreements, a. Owner represents that Owner has full legal tight to sell the Property. b. Owner represents that as of the date of this Agreement, no notices, except as herein noted, pertaining to the Property have been received by Owner from any municipality or other governtnental agency. Owner agrees to promptly famish Broker with copies of any such notices received during the term of this Agreement. J c, Owner agrees to comply with the tetras and conditions of any Purchase Agreement or other agreexttent to which it is a putty J in a timely fashion. LJ d. Owner agrees to permit Broker to erect a ")"or Sale" sign on the Property and to remove all other "For Sale" signs from the Property during the terra of this Agreement Owner further agrees to permit Broker to erect a "Sold" sign on the Property for a period of thirty (30) days following a Sale of the Property. e, Owner agrees to refer to Broker all inquiries regarding the Property received from prospective purchascrs. f Owner agrees that any member of Brokers sales force may immediately offer the Property for sale under the terms hereof. Lb Owner agrees to cooperate with and assist Broker in making the Property available for inspection by prospective purchasers and their agents. Owner agrees to permit Broker to share part of its Sale Commission with other real estate brokers, including brokers only representing purchasers of the Property. g, Owner agrees to provide Broker with all materiel inforntati®n concerning the financial, phy.sisal, legal or environmental status of the Property presently in Owners possession or subsequently received by Owner. 16 G, indemnity, Owner agrees to indemnify Broker from and against any and all liability, lass, cost, damage and expense, including reasonafle consultant and attorney's fees, resulting from or due to claims made by any patty arising out of the release or threatened release of hazardous substances, hazardous waste, pollutants or contaminants which were, or are claimed or alleged to have been, deposited, stored, disposed of, placed or otherwise located or allowed to be located on the Property by Owner or its agents, employees or contractors. As used herein, the term "hazardous substances;" "hazardous waste; "pollutants" and"contaminant"' mean any substances, waste, pollutant or contaminant now or hereafter included within such terms under any federal, state or local statute, ordinance, code or regulation now existing or hereafter enacted or amended_ Owner agrees to indemnify and hold Broker harmless from any liability or damages arising from any incorrect information supplied by Owner or any information which Owner fails to supply. 7. Security Agreement. As security for Bmkees We Commission, Owner hereby grants to Broker a security interest in the sale proceeds from any Sale of the Property. 8, Dual Agency Disclosure. If a purchaser represented by Broker becomes interested in the Property, a dual agency will be created. This means t ra er will represent both Owner and the purchases and owes the same duties to the purchaser that Broker owes to Owner. This conflict of interest will prohibit Broker from advocating exclusively on Owner's behalf Dual agency will limit the level of representation which Broker can provide. If a dual agency should arise, Owner will need to agree that confidential information about price, terns and motivation will still be kept confidential unless Owner instructs Broker in writing to disclose specific information about Owner. All other infomiation will be shared. Broker cannot act as a dual agent unless both Owner and the purchaser agree to it. By agreeing to a possible dual agency, Owner will be giving up the right to exclusive representation in an in-house transaction. However, if Owner should decide not to agree to a possible dual agency, and Owner wants Broker to represent Owner, Owner may give up the opportunity to sell the Property to purchasers represented by Broker. r OWNER'S INSTRUCTIONS TO BROILER Having read and understood this information about dual agency, Owner now instructs Broker as follows- C3 X Owner will "c to a dual agency representation and will consider offers made by purchasers represented by Q Broker, Owner will not agree to a dual agency representation and will not consider offers made by purchasers represented by Broker. Owner. (signature) Broker. (signature) Agent: (signature) L 4. Limitation on Bmkees Authorization. Broker is not authorized to render any tax or legal advice with respect to the Sale of the Property and Owner agrees to I ook to accountants, attorneys and/or other professionals of its choosing for specific advice with �) respect to any such transactions. � 10, Miscellaneous. a. In the event Owner breaches the terms of this Agreement and Broker engages legal counsel to enforce its rights hereunder, Broker shall be entitled to recover from Owner all attorneys' fees and related costs. r' b, This Agreement is intended as the complete and Final agreement of the parties and, as such, merges with and supersedes any and all prior communications between the parties, written or oral. This Agreement shall not be changed, altered or modified, { and no provision may be waived except by an instrument in writing signed by the party against whom such change, modification or waiver is sought C. This Agr+ecvnent shall bind Owner, Broker and their respective successors and/or assigns. d. This Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota. Receipt is acknowledged of a copy of this Agreement. L BROKER: OWNER: Integrust Advisory Group, LLC, a Minnesota Limited Liability R & B Investments Company dba IAG Commercial RIVA COMMISSION SCHEDULE SALE COMMISSION SCHEDULE: If Owner executes any purchase agreement or other contract concerning the sale of all or any portion of the Property during the term of this Agreement, or enters into such an agreement during the. Protective Period with a person or entity described in Section 4 hereof, Owner will pay Broker a sale commission ("Sale Commission") in an amount determined as follows= S% of sales price at closing if direct. 610/6 of sales price at closing if a co -broker Is involved. Any co -broker will receive 2.75% of the commission total as listing agent will incur marketing costs. See "Other Terms" on the first page Such Sale Commission shall be payable upon Owner's consummation of any "Sale" transaction. As used herein, the term "Sale" shall include any transaction involving a voluntary conveyance and disposition of the Property by Owner including without limitation, a like -kind exchange transaction under § 1031 of the Internal Revenue Code, any transaction in which the Property is contributed by Owner as capital to a partnerships. Corporation, limited liability company or other investment entity, acquisition of the Property by a public authority in eminent domain proceedings or b deed in lieu thereof, or if Owner is a business entity, the transfer b merger, .. p ty � F g Y tyt Y � r acquisition or otherwise of the equity interest in Owner in lieu of a conveyance of the Property. j If Owner grants an option or options to sell all or any portion of the Property during the term of this Agreement or grants such an option during the Protective Period to a person or entity described. in Section 4 hereof, a Sale Commission in the amount determined as follows shall be paid: 5% of sales price at closing if direct. 6% of sales price at closing if a co-4roker is involved. Any co- [� broker will receive 2,75% of the commission total. 13