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7.1. EDSR 12-20-2021 Request for Action Cir•ci Elk - River= To Item Number Economic Development Authority 7.1 Agenda Section Meeting Date Prepared by General Business December 20, 2021 Brent O'Neil, Economic Development Director Item Description Reviewed by Hiring Broker Services for EDA Property Cal Portner, City Administrator Reviewed by Action Requested Approve, by motion,the hiring of Hardin Companies as commercial broker to represent four Economic Development Authority (EDA) properties. Background/Discussion Three submissions were received in response to the Request for Proposals for Broker Services which was issued in October. President Tveite, Commissioner Christianson and I held a virtual meeting with each of the three proposers earlier in December. Upon consultation following those meetings,it is recommended the EDA enter into a one- year agreement with Ryan Hardin of Hardin Companies to represent the four properties. Hardin's proposed fee is a six percent commission on closed sales, and any buyer's broker commission would be reimbursed through the commission to Hardin. There are no upfront costs or retainage fees. The contract includes a commission minimum which would be calculated based on a land value of$1.50 per square foot. Other professional services the EDA may need or select, such as legal fees or a property survey, are not included in this scope of work. Hardin's fee was competitive and similar with one other proposer as being most advantageous to the EDA. Hardin's knowledge and familiarity of the local market in Elk River was a key point in making this recommendation. Financial Impact No direct impact on the operating budget. Costs associated with this agreement would be deducted from the proceeds of any EDA land sale. Mission/Policy/Goal Attract new business development to Elk River to build the City's economic vibrancy, job offerings and tax base. Attachments ■ Hardin Companies Proposal including Commercial Listing Contract The Elk River Vision P I I E R E I I Y A welcoming community avith revolutionary and spirited resourcefulness, exceptional [NAWR service, and community engagement that encourages and inspires prosperity. Updated.August 2020 HARDIN COMPANIES Hardin Companies 15681 Andrie St NW Ramsey, MN 55303 October 18, 2021 RE: Proposal for Real Estate Services for the city of Elk River Economic Development & HRA Properties City of Elk River 13065 Orono Parkway Elk River, MN 55330 Tel: 763-635-1000 E-mail: bonencveRrivermn.gov, ceddy@elkrivermn.ao, Dear Brent & Colleen, 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 EDA/HRA owned property. We look forward discussing the site possibilities and how best to achieve the City's development 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 Broker/Realtor® 612-860-6177 ryanhardin(d�hardincomoanies.com Enclosure: Hardin Companies response to The City of Elk River RFQ/P Real Estate Services for the City of Elk River Economic Development Properties & HRA. 612-356-2002 Hardin Companies Hard inComnanies.com Proposal for Real Estate Services For the City of Elk River Economic Development & LIRA Properties: Prepared for: 93065 Orono Parkway Elk River, MN 55330 10/21/2021 Prepared by.- Ryan y: Ryan Hardin %1./ H- SP t HARDIN t'ONVAN I ES Partners Real Estate MN Hardin Companies Tel: 612-356-2002 HARDINCOMPANIES.COM HAW 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. Proposed Listing Site Locations X. Supporting Documents a. Real Estate Licenses 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 it, �Dx PARTNERS REAL ESTATE MN NA12U1N L�7M1ANYtS HARDIN COMPANIES — "— HARDINCOMPANIES.COM I. Background 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 rvanhardin@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 NorthstarMLSO (Multiple Listing Service), MNCAR® (Minnesota Commercial Association of Realtors®), LoopNet®/CoStar® and various social media outlets. In addition, each listing will be posted to over 100 different websites, including individual agent websites, along with mncar.org, 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 for full details). 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 properties. • 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 EDA/HRA. We propose a 12 month Exclusive Listing Contract with the City of Elk River EDA/HRA to include Listing Broker Commissions of 6% of sale price. The minimum gross sale price for industrial, retail and/or office land, for the purpose of calculating commission only, shall be $1.50 per square foot (in the event land is sold under market value). Page -3 OA PARTNERS REAL ESTATE MN � HARDIN COMPANIES HARDIN C. MYANIt 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 EDA/HRA. Our proposed fee structure requires no upfront cost to the City of Elk River EDA/HRA. 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 EDA/HRA 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. VIII. Disclaimer Information contained in this proposal shall in no way be deemed as a contractual obligation by either the City of Elk River EDA/HRA or Partner Real Estate MN LLC. Parties agreeing to specific terms shall enter into a formal contract. Page -4 *49 - PARTNERS REAL ESTATE MN HARUIIVCOMPAIHARDIN COMPANIES HARDINCOMPANIES.COM IX. Proposed Listing Site Locations • PID# 75-757-0105, also known as 17610 Tyler Street NW, Elk River. FAST (C) Zoning Approx. 12.1 Acres • PID# 75-820-0105, also known as 10835 170th Avenue NW, Elk River. FAST (H) Zoning Approx. 4.7 Acres • PID# 75-597-0105 and PID# 75-597-0110, also known as 13566 185th Avenue NW and 13530 185th Avenue NW, Elk River. C3 Zoning Approx. 3 Acres (combined) • Available EDA sites not on RFP• o PID# 75-820-0010, also known as 170th Cir NW & Twin Lakes Rd. 2.92 Acres o PID# 75-828-0305, also known as 10852 168th Ct. 3.65 Acres • PID#75-401-0145, also known as 414 Main Street NW, Elk River. PID#75-401-0140, also known as 420 Main Street NW, Elk River. PID#75-401-0135, also known as 426 Main Street NW, Elk River. PID#75-401-0130, also known as 430 Main Street NW, Elk River. Main & Gates, C-2 Zoning Approx. 1.73 Acres (combined) Page -5 HW H HARDIN COWANI£S X. Supporting Documents This Page Intentionally Left Blank PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM Page -6 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 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, 2023. IN TESTIMONY WHEREOF, I have hereunto set my hand this May 03, 2021. mp i ,a1 14 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.mn.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, 2023. IN TESTIMONY WHEREOF, I have hereunto set my hand this May 03, 2021. 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.mn.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. Form W=9 (Rev. November 2017) Department of the Treasury hipmal Revenue Service Request for Taxpayer Identification Number and Certification I► Go to www.irs.gov/F`ormM for instructions and the latest information. me (as shown o -i your income tax return). Name is required On this line: do not leave th15 PARTNERS REAL ESTATE MN, LLC 2 Business name/disregarded entity name, If different from above HARDIN COMPANIES glam. 3 Check appropriate box for federal lax classificatloll of the person whose name is entered on line 1. Check only one of the following seven boxes. ❑ Individuallsole proprietor or E. C Corporation ❑ S Corporation ❑ Partnership ❑ Trustlestate single -member LLC ❑ Limited liability company. Enter the tax classification (C=C corporation, S=S corporation. P=Partnership) ► Note: Check the appropriate pox in the line above for the tax etassificatlon of the single -member owner. Do not check LLC if the LLC is classified as a single -member LLC that is disregarded from the owner unless the owner of the LLC is another LLC that is not disregarded from the owner for U.S. federal tax purposes. Otherwise, a single -member LLC tha is disregarded from the owner should check the appropriate box for the tax classification of its owner. Other (see instructions) 0, 5 Address (number. street, and apt. or suite no.) See 115$81 ANDRIE ST NW - b City. state, and ZIP code RAMSEY j 7 List account numbers) here (optional} Give Form to the requester- Do not send to the IRS. 4 Exemptions (codes apply on+y to certain en;iues, not individuals; see instructions on page 3): Exempt payee code (if any) Exemptiontrom FATCA reporting code (i' any) iAF-es ro d -_Lam" rs list U.S., i Requester's narne and address IFIM Taxpayer Identification Number (TIN) Enter your TIN in the appropriate box. The TIN provided must match the name given on line 1 to avoid Social security number backup withholding. For individuals. this is generally your social security number (SSN). However, for a resident alien, sole proprietor, or disregarded entity, see the instructions for Part I, later. For other L—L—LJ - m entities, it is your employer Identification number (EIN). If you do not have a number, see How to get TIN, later. or Note: If the account is in more than one name, see the instructions for line 1. Also see What Name and I Employer identification numhe" Number To Give the Requester for guidelines on whose number to enter- ^ M81 - 5 1 116 0 4 fi 5 [_.Certification Under penalties of perjury, I certify that: 1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me); and 2. 1 am not subject to backup withholding because: (a) lam exempt from backup withholding, or (b) I have not been notified by the Jnternal Revenue Service (IRS) that l am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding; and 3. 1 am a U.S. citizen or other U.S. person (defined below); and 4. The FATCA code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct. Certification instructions. You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and generally, payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN. See the instructions for Part II, later. Sign Signature of • �. 7 _,._. —� 1 ._ Here U.S. person ►1. . '_'- -- r —. Date ► General lnstructi4ris Section references are to the Internal Revenue Code unless otherwise noted. Future developments. For the latest information about developments related to Form W-9 and its instructions, such as legislation enacted after they were published, go to www-irs.gov/FormlN9- Purpose of Form An individual or entity (Form W-9 requester) who is required to file an information return with the IRS must obtain your correct taxpayer identification number (TIN) which may be your social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number (EIN), to report on an information return the amount paid to you, or other amount reportable on an information return. Examples of information returns include, but are not limited to, the following. - Form 1099 -INT (interest earned or paid) - Form 1099 -DIV (dividends, including those from stocks or mutual funds) • Form 1099-MISC (various types of income, prizes, awards, or gross proceeds) • Form 1099-13 (stock or mutual fund sales and certain other transactions by brokers) • Form 1099-S (proceeds from real estate transactions) • Form 1099-K (merchant card and third party network transactions) • Form 1098 (home mortgage interest), 1098-E (student loan interest), 1098-T(tuition) • Form 1099-C (canceled debt) ■ Form 1099-A(accluisition or abandonment of secured property) Use Form W-9 only if you are a U.S. person (including a resident alien), to provide your correct TIN. If you do not return Form W-9 to the requester with a TIN, you might be subject to backup withholding. See What is backup withholding, later. Cat. No. 10231X Form W-9 (Rev. ti -2017) CERTIFICATE OF LIABILITY INSURANCE DA10//1515//22021021 Y) 1 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). PRODUGhK PEARL INSURANCE GROUP LLC/PHS 83851137 The Hartford Business Service Center 3600 Wiseman Blvd San Antonio, TX 78251 INSURED PARTNERS REAL ESTATE MN LLC 15681 ANDRIE ST NW ANOKA MN 55303-8011 (A/C, No): NAICN 29459 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. INS TYPE OF INSURANCE I o -DL SUBRI POLICY NUMBER POLlCYEFF. I` POLICY E7fP �.. LIMITS PHONE (t$bb) 4b /-t$1SU (A/C, No, Ext): E-MAIL ADDRESS: INSURER(S) AFFORDING COVERAGE INSURER A : Twin City Fire Insurance Company INSURER B : INSURER C : INSURER D : INSURER E: INSURER F : (A/C, No): NAICN 29459 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. INS TYPE OF INSURANCE I o -DL SUBRI POLICY NUMBER POLlCYEFF. I` POLICY E7fP �.. LIMITS 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. _ CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED^ BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. �AUTTHORIZED REPRESENTATIVE ©1988-2015 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD CERTIFICATE HOLDER For Informational Purposes 15681 ANDRIE ST NW ANOKA MN 55303-8011 ACORD 25 (2016103) COMMERCIAL GENERAL LIABILITY I EACH OCCURRENCE $1,000,000 CLAIMS -MADE �OCCUR ( DAMAGE SO RENTED $1,000,000 (Ea occurrencei MED EXP (Any one person) $10,000 X General Liability A 83 SBUAA8747 03/29/2021 03/29/2022 PERSONAL &ADV INJURY $1,000,000 GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $2,000,000 POLICY ElPRO- LOC JECT PRODUCTS - COM P/OPAGG $2,000,000 OTHER: AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT $1,000,000 :Eaaccidenc,1. _ ANY AUTO BODILY INJURY (Per person) A ALL OWNED SCHEDULED AUTOS AUTOS 83 SBU AA8747 03/29/2021 03/29/2022 BODILY INJURY (Per accident) PROPERTY DAMAGE (Per accident) X HIRED NON -OWNED AUTOS X AUTOS UMBRELLA LIAR OCCUR EACH OCCURRENCE AGGREGATE EXCESS LIAB CLAIMS- MADE DED I RETENTION $ WORKERS COMPENSATION PER OTH- AND EMPLOYERS' LIABILITY STAT TE E.L. EACH ACCIDENT i ANY Y/N PROPRIETORIPARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED? NIA E.L. DISEASE -EA EMPLOYEE (Mandatory In NH) If yes, describe under E.L. DISEASE - POLICY LIMIT 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. _ CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED^ BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. �AUTTHORIZED REPRESENTATIVE ©1988-2015 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD CERTIFICATE HOLDER For Informational Purposes 15681 ANDRIE ST NW ANOKA MN 55303-8011 ACORD 25 (2016103) ACC)REP ® CERTIFICATE OF LIABILITY INSURANCE DATE (MWDDJYYYY) 03!03/2021 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(les) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS 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 endorsements . PRODUCER NAME: Gary Pearl Pearl Insurance 11HUNts FAX 1200 East Glen Avenue AJC No Exti: 1-800-447-4982 1AIa No : 1-866-817-9009 ADDRESS: Peoria Heights, IL 61616 INSURER(S) AFFORDING COVERAGE NAIC 0 INSURER A : GREENWICH INSURANCE COMPANY 22322 INSURED INSURER B INSURER C : Partners Real Estate MN, LLC INSURER D 15681 Andrie St NW Anoka, MN 65303-8011 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. INSRtxp LTR TYPE OF INSURANCE INSD XD POLICY NUMBER MM/DDJYYYY MMJDD7 m LIMITS COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $ PREMISES JEa occurrence $ CLAIMS -MADE DOCCUR MED EXP Any one erson) $ PERSONAL & ADV INJURY $ GEN'LAGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ PRO- POLICY1:1 JECT LOC PRODUCTS - COMP/OP AGG $ $ OTHER: AUTOMOBILE LIABILITY iEa accident) $ BODILY INJURY (Per person) $ ANY AUTO ALL OWNED SCHEDULED AUTOS AUTOS BODILY INJURY (Per accident) $ NON -OWNED HIRED AUTOS AUTOS Peracdden $ UMBRELLA LIAB HOCCUR EACH OCCURRENCE $ AGGREGATE $ EXCESS LIAB CLAIMS -MADE DED I I RETENTION $ $ WORKERS COMPENSATION AND EMPLOYERS' LIABILITYSTATUTE ANYPROPRIETOR/PARTNER/EXECUTIVE YINE.L. OFFICERIMEMBER EXCLUDED? ❑ N 1 A Lt.. J I ER EACH ACCIDENT $ E.L. DISEASE - EA EMPLOYEE $ (Mandatory In NH) E.L. DISEASE - POLICY LIMIT $ If yes, describe under DESCRIPTION OF OPERATIONS below A Real Estate E&O N PEG9177873-3 03/29/2021 03/29/2022 1 -Limits: $1,000,000/$1,000,000 Deductible: $5000 DESCRIPTION OF OPERATIONS/LOCATIONSNEHICLES (Attach ACORD 101, Additional Remarks Schedule, if more space is required) CERTIFICATE HOLDER ACORD 25 (2016/03) CANCELLATION ULD ANY OF THE ABOVE DESCRIBED POLICIES BE ,',ELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE BE DELIVERED IN ACCORDANCE WITH THE POLICY ROVISIONS. RIZED REPRESENTATIVE LpoInsurance ©1988-2015 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD References: Roger Renner Owner EH Renner & Sons 15688 Jarvis St NW Elk River MN 55330 rerenner@ehrenner.com 763-286-8806 Tanya Rice Owner Azitala Yoga 716 Freeport Ave Elk River MN 55330 info@azitala.com 763-595-1099 Ronda Disch Owner Forensic Mental Health 11090 183rd Circle Suite C Elk River MN 55330 ronda@emergencebh.com 763-333-8001 Dr. Daniel Bittman Superintendent ISD 728 11500193 Id Ave NW Elk River MN 55330 daniel.bittman@isd728.org 763-241-3400 Industrial Land Sale Past and Current Client Retail Lease Past Client Office Lease Past Client Office Sale, Land Sale Past Client 612-356-2002 Hardin Companies HardinComQanies.com H I IARPIN COMPANIES HARDIN COMPANIES DISCLOSURE Multiple Offers As an OWNER/SELLER, you have the option of how you would like HARDIN COMPANIES to handle multiple offers. 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. As a BUYER, you acknowledge that while we may ask about the existence of other offers, the seller may have elected NOT to disclose the information. 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. Brokerage 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 Owner/Seller Signature Date Broker Date Page 1 of 1 a�sVol�el�� AGENCY RELATIONSHIPS IN REAL ESTATE TRANSACTIONS 1. Pagel 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.0) 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 Uwe 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/Lanllord.. A 'S`eller's/Landlord's broker owes to 16. the Seller/Landlord the fiduciary duties described on page two (2)42) -The broker m'ust also disclose to the Buyer 17. material facts as defined in MN Statute 82.68, Subd. 3, of which the -broker is awake that,could adversely and 18. significantly affect the Buyer's use or enjoyment of the prop6rty. (.MN Statute 82.68, SS bd. 3.does not apply to 19. rental/lease transactions.) If a broker or salesperson workint with.a Buyer/4'enant as a custoTer,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 a6quired jn 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/Tenant'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 brokgr mayrepresenfthe BuyerfTepant only, and not the Seller/Landlord, 26. even if he or she is being paid in whole or in pqrt by, the -Seller/Landlord. i4 Buyer's/Tenant's broker owes to the 27. Buyer/Tenant the fiduciary duties described on page two J2).(2) The.?roker'must disclose to the Buyer material facts 28. as defined in MN Statute 82.68,,�'Subd. 3, -of which the brokeris aware -that could adversely and significantly affect 29. the Buyer's use or enjoyment ofthe property.'{MN Statpte 8288, Subd. 3 does not apply to rental/lease transactions.) 30. If a broker or salesperson,*orkipg with,a Seller/Landlord as a customer is representing the Buyer/Tenant, he or 31. she must act in the Buy#r's/Tenant's beet in$erest and must tell the BuyerlTenant any information disclosed to him 32. or her, except confidential Inforr'nation acquired rma-facii1t for relationship (see paragraph IV on page two (2)). In 33. that case, the Seller/LandloN will Piot be represented and will not receive advice and counsel from the broker or 34. salesperson. 35. III. Dual Agency - B,roker Reprbsenting both Seller/Landlord and Buyer/Tenant: Dual agency occurs when one 36. broker or`salepperson represents bosh parties to a transaction, or when two. salespersons licensed to the same 37. broker`eEach represent a party to'the trarpction. 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 bg kept-donfidential 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.(3) 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* InstanetF<)Rms 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. t't This disclosure is required by law in any transaction involving propertyoccupie&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 havethe following meanings`' 64. Loyally - broker/salesperson will act only in client(s)' best interdst. 65. Obedience - broker/salesperson will carry out all client(s)' la(vful instructions. 66. Disclosure - broker/salesperson will disclose to client(s) all,,&aterial facts of'hich broker/salesperson has knowledge 67. which might reasonably affect the client(s)' use and enjoyment of-th"ropgrty. 68. Confidentiality - broker/salesperson will keep client(s)' configences 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 accouni�to client(s)-for all clienf(s)' mohey and property received as agent. 72. (3) If Seller(s)/Landlord(s) elect(s) not to agree toy dual agency relationship, $eller(s)/Landlord(s) may give up the 73. opportunity to sell/lease the property to Buyer(s)/Tehant(s) represented ,by the broker/salesperson. If Buyer(s)/ 74. Tenant(s) elect(s) not to agree to a dual_ agency rplati'orfship,,.Buyer.(s)/Tenant(s) may give up the opportunity to 75. purchase/lease properties listed by the broker. 76. NOTICE REGARDING PRED, TORY OFOENDER 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 bepartment�of Correctio'hs at (651) 361-7200, or from the Department of Corrections Web site at 80. www.corr.state.mn.us. MN:AGCYDISC-2 (8/119) Minnesota Realtors-* InstanetFoitMs QUAL f COMMERCIAL LISTING CONTRACT: EXCLUSIVE n This form approved by the Minnesota Association of REALTORS® and the Minnesota Commercial Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. '+.,,+ s',.•``` © 2020 Minnesota Association of REALTORS®, Edina, MN 1. Date 2. Page 1 3. DEFINITIONS: IN CONSIDERATION OF the Contract of .partnere Real Estate Hn LLC Hardin Companies (Real Estate Company Name) ("Broker") to undertake tox❑ SELL ❑ LEASE (f only SELL is checked, all references to Lessor, tenant, or lease do not apply; ----(Check all that apply.) --- if only LEASE is checked, all references to Seller, buyer, or sale do not apply) the property hereinafter described, (e.g., trust, power of attorney, conservator, etc.) ("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 City Of Elk River 10. Minnesota, Zip Code 55330 11 , County of Sherburne , and legally described as 12. for the period from the date of this Contract through and including 13. of 14. - 15 16 or at any other price, terms or exchange to which Seller and/or Lessor may, consent. , State of ("Property") , for the sum upon the following terms 17. This Contract terminates upon successful closipg and/or- Lease of the, Pro perty(ies) specified in this Contract or 18. expiration or cancellation of this Contract, whichever occurs fir t: 19. This Contract may only be canceled by written mutual agreement of the -parties. 20. Seller and/or Lessor understands that-B-oker may list oth'ef properties4u"ring the term of this Contract which may 21. compete with Seller's and/or Lessor's Property, for potential buyers and/or tenants. 22. MLS DATA FEED OPTIONS: 23. EXPLANATIONS AND DEFINITIONS: 24. "IDX site" means a web site operat"ecity a broker partibiMing in the MLS on which the broker can advertise the 25. listings of other brokersin_ MLS, subject to certain -14LS stales. The consumer visiting an IDX site is not required to 26. register on the site'or to have a,brokjrage'relationship with the broker displaying listings on the site. 27. "Virtual office4eb,site"A"VOW".) means a'web site operated by a broker participating in the MLS that. delivers 28. brokerage services to consumers over the gorld Wide web. Visitors to a VOW are required to register on the site (with 29. their name and a -teal e-mail adlress) and enter a brokerage relationship with the broker operating the VOW. The 30. broker operating the`V,OW can then stow the visiting customer/client nearly all of the information available to the 31. broker in MLS. The sellers) of a listing/has the right to opt out of certain kinds of data display under the MLS's VOW 32. policy. The MLS imposes Jariot-s other rules and restrictions on VOWS. 33. For each of the following tionsthe MLS system automatically defaults to "Yes." Seller's and/or Lessor's instructions 34. pertaining to the Interne -'T Ia"of the MLS input data for the Property areas 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? ® 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. MNC:LC:E-1 (8/20) Minnesoa IgRealtorso TRANSACTIONS Tna H -Oak Edldon COMMERCIAL LISTING CONTRACT: EXCLUSIVE 43. Page 2 44. Property located at Elk River _ _ 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 estimefe'the value of a property based 56. upon data from public records, MLS, and other sources, and incor�orating certain assumptions. The 57. accuracy of AVMs has sometimes been criticized because they do4iot take into consideration all relevant 58. factors in valuing a property. Seller and/or Lessor, by selecting "Nb," 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 link to, an automated 61. valuation be displayed adjacent to the listing? ❑Q Yes ❑ No 62. Option 4. Comments or reviews of the Property by persons"otherthan the displaying br.Qker may be displayed 63. with or attached as a link to the listing data the,Propertj. Some VOWs or 1 X'sites may provide 64. functionality that permits the customers/clients using tWV6U Af or,IDX site to enter comments or reviews 65. with the, listing or by hyperlink to such comments or�eviews. dote that the broker displaying the listing 66. on his or herVOW or IDX site may add commentary repreWnting,his or her professional judgment regarding 67. the listing's value, etc. 68. Shall comments or reviews of the Property,Ay persons othertlyan the, displaying 69. broker be displayed with or attached as a I'mk tejf a listin -data of the Property? ❑Q Yes ❑ No 70. SELLER'S AND/OR LESSOR'S OBLIGATION: It is�agre'ed�t"hat Seller and%r Lessor shall promptly furnish Broker 71. with complete information concerning any person whoouring the period of this Contract makes inquiry to Seller and/ 72. or Lessor regarding the sale, exchange, -or lease of the 'Property. 73. If the Property is sold, Seller, hereby agrees to furnish to'J)uye'r, an Abstract of Title, a Registered Property Abstract 74. or an ALTA Title Insurance Commitment, certified -to date, to,include proper searches covering bankruptcies and state 75. and federal judgments and lien, and-to,6xecute or causeto-'pe executed a deed conveying title to the Property to the 76. buyer and any further documents�as mayr be required to ponsummate the sale in accordance with the terms above 77. designated or with4he terms -to whlich Seller may hereafter consent. 78. Seller and/or Lessor fyurther-agreesto promptlyhotify Broker of any notices pertaining to the Property which are hereafter 79. received durfng the term of t i� 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. remove all other"'FohSale" and/or "For Lease" signs from the Property during the period of this 82. Contract. Seller and/or Lessor shall permit Broker to place information on the Minnesota Commercial Property 83. Exchange ("MCPE") ,or other type of multiple listing service forum ("MLS") and the Internet concerning the Property. 84. Upon final acceptance Rf a purcl)a'se and/or lease agreement, Seller and/or Lessor allows Broker to withdraw the 85. Property from the market.�Broker 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"TRnNsncT � 7ransoctionOesk Edition COMMERCIAL LISTING CONTRACT: EXCLUSIVE 94. Page 3 95. Property located at Elk River 55330 96. Access to the Prooert,.:: To facilitate the showing and sale and/or lease of the Property, Seller and/or Lessor authorizes 97. Brokerto: 98. ® access the Property; 99. 0 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. ❑ 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 Brokees performance. If the Property is 107. occupied by someone other than Seller and/or Lessor, Seller and/or Lessor shall comply with Minnesota law and 108. applicable lease provisions of an existing lease and provide tenant with any re4uired notice in advance of any Property 109. showing. 110. Seller and/or Lessor understands that prospective buyers/tenants and others authorizgd to'access the Property may 111. record the Property by photograph, video, or other medium while accessing the Property. 112. RECORDING ON THE PROPERTY: Seller and/or Lessor undekstand's that MN,Statute 626A.'G? specifically prohibits 113. the interception of oral communications without the consenfof at least oqd of the two parties to�the communication. 114. Seller and/or Lessor should seek appropriate legal advice regarding com0ance with this statute if Seller and/or Lessor 115, intends to utilize technology that may intercept oral communications between persons other than Seller and/or Lessor. 116. SELLER AND/OR LESSOR CONTENT LICENSO: In the event Seller ano/or Lessor provides content, including, but 117. not limited to, any photos or videos of the Proper$y ("Seller and/or_ Lessor�gontent") to Broker, Seller and/or Lessor 118. grants to Broker a nonexclusive, perpetual, world-wide, transferable, royalty free license to sub -license (including through 119. multiple tiers), reproduce, distribute, display, perform„ and,creath derivative works of the Seller and/or Lessor Content. 120. Seller and/or Lessor represents and warrants that Seller and/or L,essowhas authority to provide Seller and/or Lessor 121. Content and Seller and/or Lessor CoHtent does not violate qny restfictions regarding use including anythird-party intellectual 122. property rights orlaws.Sellerand/or Lessor agrees to executg anyfurther documents that are necessaryto effectthis license. 123. NOTICE: THE COMPENSiq,TION RATE 'FOR- THE SAID)=, ,L -EASE, RENTAL, OR MANAGEMENT OF REAL 124. PROPERTY SHALL,@E DETI_RMINED BETWEEN EACH INDIVIDUAL BROKER AND ITS CLIENT. 125. BROKER'S COMPENSATION:,(Filljn all blanks.) 126. COMPENSATIbN FOR SATE: (To,be cgmpleted only if Property is being offered for sale.) Seller shall pay Broker 127. a retainer fee of $x ° • 00 when Seller signs this Contract. Broker shall keep this fee even if 128. Seller does not sell the Property. if is further agreed that Seller shall pay Broker a brokerage fee of: 129. (Check any that apply.) 130. 0 6 _ _ percent (0*),of fhe price for which the Property is sold or exchanged; 131. 0 $ 132. ❑ $ per square foot; 133. 0 OTHER: The minimum gross sale price for industrial, retail and/or office land, for 134. the purpose of calculating commission only, shall be $1.50 per square foot. 135. 136. upon the occurrence of any of the following conditions, identified in lines 153-201. MNC:LC:E-3 (8/20) Minnesota 1911ealtorso TRANSACTIONS Trp�UonDesk EdItlon 138. Property located at COMMERCIAL LISTING CONTRACT: EXCLUSIVE 137. Page 4 81k River 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. ❑ $ 148. 149. 150. 151. ❑ OTHER: percent (%) of the total gross obligation of the lease price; percent (%) of the total net obligation of the lease price; . per useable square foot; _. per rentable square foot; upon the occurrence of any of the following conditions, identified inAnes,153-201 andpaid k the following manner: 152. - _ percent (%) upon lease execution and percent (5/),upon lease occupano 153. COMPENSATION CONDITIONS: 154. 155. 156. 157. 158. 159. 160. 161. 162. 163. 164. 165. 166. 167. 168 169 170 171 172 173 1. The sale and/or lease, contract for sale and/or lease, exchange or conveYance of the Property during the period of this Contract by Broker or any other person.,_ including but Rot limited to, Seller and/or Lessor or any other agent or broker not a party to this Contract, iri accordance with the price, terms, or exchange as set forth here or as otherwise consented to by Seller and/iar Lessor; 2. A buyer and/or tenant is procured, whether by\Broker,-eller and/or Lessor or anyone else, who is ready, willing and able to purchase and/or lease the Property\at the price and termhs-set forth above and Seller and/or Lessor refuses to sell and/or lease; 3. A Seller and/or Lessor agrees6 sell and�br lease the Property before the expiration of this Contract, and Seller refuses to close the sale acid/or Lessor refuses to zommence the lease in accordance with the terms of the executed lease agreemerSt; 4. A Seller and/or Lessor reToves\the P'ropertyft-m -the market before expiration of this Listing Contract; 5. If Seller and/or Lessor grants ap option tp-purch pe and,/or lease the Property, Seller and/or Lessor shall compensate Broker, as provide here`,'based on the price paid forthe'option and for any extensions of the option. This compensation shall be paid upon receipt by, Seller and/or Lessor of any such payments. In the event such option is exercised, whether/during-the term 6fA,his Contract,,or within 6 months after, Seller and/or Lessor shall also compensate Brokeron the`gross sale and/or lease prige'of the Property in accordance with the provisions here. 174. 6 175. 176. 177. 178. 179. 7 180. 181. Notwithstanding the foregoing,to the extent that all or part of the price paid forthe option or any extension of the option is applied to the sale and/or Wase -price of the Property, then any compensation previously paid by Seller and/or Lessor to Broker,on account of such option payments shall be credited against the compensation payable to Broker on accountgf the ,exercise of the option; During the term of this,,Listing Contract or within 180 days (not to exceed six (6) months, except for the purchase or sale of a business in which case it cannot exceed two (2) years) after the expiration of this Listing Contract: (a) the Property is acquired by a public authority; (b) an agreement to acquire the Property is reached with a public authority; or (c) a public authority institutes eminent domain/condemnation proceedings to acquire the Property; Seller and/or Lessor contributes or conveys the Property or any interest therein to a partnership, joint venture or other business entity during the term of this Contract in lieu of a sale and/or lease of the Property during the term of this Contract; MNC:LC:E-4 (8/20) Minnesota Realtors' TRANSACTIONS TunwdonDesk Edition COMMERCIAL LISTING CONTRACT: EXCLUSIVE 182. Page 5 183. Property located at Elk River 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 .180 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 LIST, YOU COULD BE LIABLE 196. FOR FULL COMMISSIONS TO BOTH BROKERS. IF THIS NOTICE ISNOT FULLY UNDERSTOOD, SEEK 197. COMPETENT ADVICE. 198. As security for Broker's compensation, Seller and/or Lessor hereby gran s to Broker a security interest in the lease 199. payments from the lease of the Property or proceeds from a sale and arty. titte%compagy or other closer who conducts 200. the closing on the sale and/or lease of the Property is directed to disburse1he Broker's compensation provided here 201. to Broker at the time of closing. 202. COMPENSATION DISCLOSURE: Broker R] SHALL ❑ SHALL NOT offer"compensation to cooperating brokers. ---------------(check one.) --- c-------= 203. If SHALL, the compensation to cooperating brokers shall be as`fpllows 204. ❑ % of the gross sales and/or lease price -or $ - , whichever is greater, to 205. cooperating brokers representing buyer andlor tenant: 206. ❑ % of the gross sales and/or lease piece or -$ whichever is greater, to 207. cooperating brokers assisting buyer and/or tenent. 208. ❑ Other: -- 209. - 210. FORFEITURE OF EARNES'f MONEY: If a'buyer of the Property defaults and as a result forfeits the earnest money, 211. Seller shall receive - - Rercelit.,(4o) and Broker shall ;receive percent (%) of the earnest money. 212. CLOSING SERVICI`S: 213. NOTICE: TH'E REAL -ESTATE, BROKER, LICENSEE REPRESENTING SELLER OR REAL ESTATE 214. ,CLOSING AGENT HAS NOT EXPRESSED AND, UNDER APPLICABLE STATE LAW, MAY NOT 215.-E,XPFtESS OPINIONS REGARDING THE LEGAL EFFECT OF THE CLOSING DOCUMENTS OR OF 216. THS CLOSING ITSELF 217. After a purchase agreement for the Property is signed, arrangements must be made to close the transaction. Seller 218. understands that Seller mai+, arrani a qualified closing agent or attorney to conduct the closing, or Seller may 219. ask Broker to arrange for the closing. Seller understands that Seller may be required to pay certain closing costs 220. which may effectively reduce the 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"t TRANSACTIONS TronwtionDesk Edition 226. Property located at COMMERCIAL LISTING CONTRACT: EXCLUSIVE 225. Page 6 Elk River 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 ❑Q 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 shot 16 seek appropriate legal and 236. tax advice regarding FIRPTA compliance, as Broker will be unable to confirm*irhether Seller is a foreign person 237. or whether the withholding requirements of FIRPTA apply. 238. AGENCY REPRESENTATION: 239. ❑ Seller and/or Lessor will agree to a dual agency representation,E(nd'will"consider-gffers made by buyers and/or 240. tenants represented by Broker. 241. ❑ Seller and/or Lessor will not agree to a dual agency representation and Will, not consideroffers%by buyers and/ 242. or tenants represented by Broker. 243. Real Estate Company Name: "aero Real Estate Na LLC Hardin Campanieq 244. By: (Licensee) 245. Seller and/or Lessor: 246. Seller and/or Lessor: Date: Date: 247. OTHER POTENTIAL SELLERS AND/OR LESSORS -.,,.Seller and/or Lessor understands that Broker may list other 248. properties during the term of this -Contract, Seller and/or\Lessor consents to Broker representing such other potential 249. sellers and/or lessors before,,during, and atter the expiration of this Contract. 250. PREVIOUS AGENCY RELAT40NSHIP.S: Broker, o`r licensge representing Seller and/or Lessor, may have had a 251. previous agency relationship witl a buyer.and/ox tenantpf Seller's and/or Lessor's Property. Seller and/or Lessor 252. acknowledges that -Bkro�ker, -or licensee representing -Seller and/or Lessor, is legally required to keep information 253. regarding the ultilmate price and,terrrsk the buyer and/or tenant would accept and the motivation for buying and/or 254. leasing confid6ntial, i(knowR, 255. TERMINATlOp OF''FIDUCIARY DUTIES: Broker's fiduciary duties, except the duty of confidentiality, terminate upon 256. the successful elosingland/or lease of the Property(ies) specified in this Contract or expiration or cancellation of this 257. Contract, whichever occurs first.. 258. INDEMNIFICATION: Br*er will rely on the accuracy of the information Seller and/or Lessor provides to Broker. Seller 259. and/or Lessor agrees to indemnify 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 TrIAW On0esk Editbn COMMERCIAL LISTING CONTRACT: EXCLUSIVE 265. Page 7 266. Property located at _ Elk River 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 serve 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.,�upersedes any prior oral or written 278. agreements between the parties relative to the provisions herein. No amendment, modification, or extension of this 279. Contract shall be valid or binding unless made in writing and signed by 46th Self and/or Lessor and Broker. 280. This Contract shall be governed by the laws of the State of Minnesota. 281. ENTIRE AGREEMENT: This Contract and all addenda and amandm nts signed by the parties 'shall constitute the 282. entire agreement between Seller and/or Lessor and Broker. Alhy other writteli or, oral communipaticn between Seller 283. and/or Lessor and Broker, including, but not limited to, e-mali�, text�mess'ages;'or other electronic communications 284. are not part of this Contract. This Contract can be modified or capceled'onlyyin writing signed by Seller and/or Lessor 285. and Broker or by operation of law. All monetary sums are deemedv be United States currency for purposes of this 286. Contract. 287. ELECTRONIC SIGNATURES: The parties agree�the electronic 'signature -qf an>party on any document related to 288. this transaction constitute valid, binding signatures, 289. CONSENT FOR COMMUNICATIONi-geller and/or Lessor aLthoRzes Broker and its representatives to contact Seller 290. and/or Lessor by mail, phone, fax, e-mail, text message or other means of communication during the term of this 291. Contract and anytime thereaftef. 292. OTHER: 293. 294. 295. 296. 297. 298. 299. 300. 301. 302. 303. 304. MNC:LC:E-7 (8/20) Minnesota 19 Realtors* TRANSACTIONS TransxtionDe k Edition 306. Property located at 307. BROKER 308. ACCEPTED BY: Pertaers 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) 15681 Andrie ST NIP (Address) RiR Ramsey (City/StatelLip) q1d 612-860-6177 (Phone) 315. (E -Mail Address) 316. 317. 318. 319. 320. 321. MN 55303-8011 322. F 323 COMMERCIAL LISTING CONTRACT: EXCLUSIVE 305. Page 8 Elk River 55330 SELLER AND/OR LESSOR ACCEPTED BY: (Business Entity or Individual Name) By: (Seller's and/or Lessor's Signature) (Seller's and/or Lessor's Printed Name) Its: (Title) (Date) (Address) (c*/StatgVzlp) (Phone (E -Mail Address) _SELLER-AND/OR.L' ESSOR �ACCEPTF�D,BY: _ (Business Entity or Individual Name) By: (Seller's and/or Lessor's Signature) (Seller's and/or Lessor's Printed Name) Ito. (Date) (ritle) (Address) 324. (City/State/Zip) 325. (Phone) 326. (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) MinheSota Realtors* TRANSACTIONS Tfj KtfwDerk Edison F 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`may 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 closing -,agent. • CALLYOU claiming they have revised wiring,. instructions. Buyers/Tenants and Sellers/Owners are advised to: (1) Never wire funds without confirming the wiring instructions"directly with the intended recipient. (2) Verify that the contact information for the wire transfer rgcipient is legitimate by calling a known phone number for the broker or closing�ager L Do not rely\on the information given to you in an e-mail communication. (3) Never send personal information through�unsecu'red/unencrypted e-mail. If you suspect wire fraud in your transaction: (1) Immediately notify yduT bank, cloying agent,_ and real estate licensee. (2) File a complaint online ahe Interne# Came Complaint Center (IC3) at http://www.ic3.gov. The undersigned acknowledge receipt of this'wire fraud alert and understand the importance of taking proactive measures to avoid being a'victim�of 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) TRANSACTIONS Tr n Kt1w0"kEdltlon NorthstarMLS LOTS & LAND LISTING INPUT FORM Disclosures By signing the authorization section below, the Seller acknowledges the following disclo6ures- 1. The Seller's real estate broker (the Broker) is a participant in the Regional Multiple Listing Service of Minnesota, Inc. (RMLS). 2. The Seller has authorized the Broker to give the information on this form ab6bt1t1e' Seller'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'omissions onxhis form or in the RMLS computer system. 5. The Broker is required to promptly provide information to RMLS abept army chatiige in>status or price of the Seller's listing. 6. If the Seller's property is sold, the Broker must report to RMLS the price�and terms of the sale. 7. Neither the Seller nor any prospective buyer of the prope`rtycan.alter the Broker's responsibility to report all such data to RMLS by agreement among them. 8. RMLS shall retain and make available all such data and photographs ib -all, its participants (real estate brokers, appraisers, and affiliated professionals) for an indefinite period. 9. Under no circumstances will RMLS permit dafa aabout the Sejler's-fisting to be -deleted from RMLS's systems in order to conceal any information, including information thiat the property was listed fora period of time by another broker or brokers. 10. The Broker's use of RMLS's systema is sybject to the lduties imposed on the Broker by the rules and regulations of RMLS and by the Code of Ethics of the National Association of REALTOR$®. 11. At the request of the Broker, unless the field,aalled Display Listing -,on Internet is marked "NO", RMLS will electronically transmit information about the Seller's-property,�Q Internet websites to aid in marketing the property for sale. 12. At the request of the Broker, unless the field`called,Display Address on Internet is marked "NO", RMLS will include the address of the Seller's property in transmispions of data to web sites. Authorization: I have read and understood the disclosures above. I certify that the information contained on this form is accurate to the best of my knowledge. IEb The Listing Contract Starts jift and ends at 11:59 P.M. on Owner (Signature) Owner Real Estate Company Partners Real Estate Mn Owner (type or print) Owner (type or print) By (Agent Ryan D Hardin Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Instanet Rev. 2120 Marketing Plan Prepared for: 13065 Orono Parkway Elk River, MN 55330 10/21/2021 Prepared by: Ryan Hardin H 1 ! HAR.DIN COMPANIES Partners Real Estate MN Hardin Companies Tel: 612-356-2002 HARDINCOMPANIES.COM Table of Contents Marketing Plan a. Signage b. Brochure/Flyers c. Direct Mail & Cold Calls d. Direct Mail to Brokers PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM 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 Hlet US 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, zoning, engineering and environmental reports (if necessary), shovel ready certification (if applicable) 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 _ npanies.cor 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 *&K PARTNERS REAL ESTATE MN HARDIN COMPANIES }i 1k1'IN Ct,tilf'ANif:5 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 1 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, Commercial Search, 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 and Commercial Search Where any prospective buyer or investor can receive a brochure and property information via e-mail upon request. 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. j) Advertising We will explore the cost of advertising in area publications with our PR firm and/or with the City marketing team to detail the costs and benefits for your consideration. We can work directly with the City marketing team for specific site related marketing and City branding. 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: Page -4 *5A H AKPIN Ct.%M PANI U; PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM • 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: MINICAR, 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) and restart marketing timeline 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 Page -5 PARTNERS REAL ESTATE MN rr19k HARDIN COMPANIES —� HARDINCOMPANIES.COM 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 HARMN COMPANIFS IV. Supporting Documents This Page Intentionally Left Blank PARTNERS REAL ESTATE MN HARDIN COMPANIES HARDINCOMPANIES.COM Page -7 �1 v .&H HARDIN COMPANIES RYAN HARDIN PROFILE As a licensed Minnesota real estate broker with Partners Real Estate MN and Hardin Companies, I 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 H (REO), asset management, land development, residential HARDIN COMPANIES and property management. 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 & NationaI-Association of Commercial Realtors • Elk River, Anoka, Metro North Chamber of Commerce • Volunteer to serve on the City of Elk River EDA Finance & Beautification Committee and the Elk River Chamber of Commerce Board ( � WWW. HARDINC0MPANIES.00M RECENT TRANSACTIONS Plymouth - - Retail Lease 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. WH HARDIN COMPANIES Elk River Contact us today to find out why we form Partnerships Thatr?. Matter.":L..�" 612-356-2002 NU WWW.PARTNERSREALESTATEMN.COM Q RECENT TRANSACTIONS 7L -r::* I-- I - 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. %Lt H HARDTN [: �7� M NI ES Contact us today to find out why we form "Partnerships That Matter." 612-356-2002 03WLS WWW.HARDINC0MPANIES.00M Office Q Industrial Sold AVAILABLI_1�1 PROPERTIES Retail 5.014 River _;�.ft S+t Fy d ,.I' 1��f��1�111111f1 � From the heart of the Twin Cities to the suburbs and beyond, our team o professionals at Partners Real Estat MN & Hardin Companies are hers to be your guide. t�J H _Ik,� Y �__ HARDIN COMPANIES Contact us today to find out why we form "Partnerships That Matter." 612-356-2002 ® WWW.HARDINC0MPANIES.00M Offite Leased Q My Report Hardin Companies Elk River Plaza 550 Freeport Ave Elk River, MN 55330 Owner Tenant Azitala Yoga Class Building Size 75,524 SF Year Built 15681 Andre St NW, Ramsey, MN 553031612-860-6177 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 Retail Leased o Floor/Suite Floor 1, Suite 716 Available SF 3,000 SF Leased Rate $174,900.00 Lease Type NNN Leased Date 05/01/2019 Expenses $4.89 TI Allowance Office SF Sartell Medical Arts -1.29 Acres Land For Sale m • 15019th St S y Sartell, MN 56377 List Price $309,058.00 ;,• r _ S $/SF $5.50 Per SF -■ t Owner Office SF i Buyer Industrial SF Class Retail SF �i Building Size Land Size 1.29 Acres Year Built Parking Ratio 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 foroffice/medical with easy access and retail nearby. 9750158th Cir NW -1.30 Acres Land For Sale 9750158th Cir NW List Price $174,900.00 Elk River, MN 55330 ;/SF $3.09 Per SF Owner Office SF Buyer Industrial SF Class Retail SF 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. 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. U Ryan Hardin ryanhardin@hardincompanies.com ;; Catylist Research 612-860-6117 10/13/2021 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. My Report rr�"� t r.15681 Flex/R&D Sold Andre 1 860 Sale Price 815 US Highway 10 Office Sold $/SF $45.92 Per SF 815 US -10 Sale Price $150,000.00 _.. Buyer Truck Gear USA LLC Elk River, MN 55330 $/SF $47.29 Per SF Retail SF Owner Office SF Land Size 0.65 Acres Buyer King Avenue Properties, LLC Industrial SF Class B Retail SF 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 Building Size 15,860 SF land Size 1.14 Acres ` Year Built Parking Ratio Land Sold Q 9710158th Cir NW Sale Date 07/16/2019 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. Potential for redevelopment 18853 Freeport St 18853 Freeport St Elk River, MN 55330 Owner Tenant Pentagon Insurance Class Building Size 6,614 SF Year Built Excellent Location off 169 and School street on Freeport St in the heart of Elk Riverfor 1,300 sq. ft. of prime retail space! Retail Leased Floor/Suite Available SF Leased Rate Lease Type Leased Date Expenses TI Allowance a Floor 1, Suite 18853 1,300 SF Modified Gross 08/01/2020 Furniture & Things Showroom Flex/R&D Sold Q 15560 Cleveland St NW Sale Price $440,000.00 Elk River, MN 55330 $/SF $45.92 Per SF Owner Office SF _.. Buyer Truck Gear USA LLC Industrial SF 6,653 SF Class C Retail SF 2,347 SF Building Size 9,582 SF Land Size 0.65 Acres Year Built Parking Ratio Sale Date 10/30/2019 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 ft of warehouse. 3 phase power 2 drive in doors and 13' clear. Hurry this won't be available for long! 9710158th Circle NW -1.34 Acres Land Sold Q 9710158th Cir NW Sale Price $160,000.00 Elk River, MN 55330 $/SF $2.74 Per SF Owner i Office SF Buyer Kingdom Investment, LLC Industrial SF Class Retail SF Building Size Land Size 1.34 Acres Year Built Parking Ratio " a- 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! _ Ryan Hardin 4 '•'v Catylist Research .,. Ran Hardin , 612-860-6171 10/13/2021 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. My Report "at 681 Andre St NW, Ramsey, MN 55303 1612-860-6177 Pines Town Offices - Unit 11090 Office Leased Q 11090183rd Circle NW Elk River, MN 55330 Floor/Suite Available SF Suite C 1,500 SF r } 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 for tenant improvements available. Cam TBD. Pines Town Offices - Unit 11090 Office Leased 11090183rd Circle NW Floor/Suite Unit B Elk River, MN 55330 ■l� Available SF 2,700 SF _ �� -T Owner Leased Rate 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 buildiagOptions for tenant improvements available 6250 McKinley St NW Industrial Sold m Illwa 6250 McKinley St NW Sale Price $3,390,320.00 Ramsey, MN 55303 $/SF $62.36 Per SF Owner Wayne Johansen Office SF Buyer Westco McKinley, LLC Industrial SF 0 M Class Retail SF Building Size 54,366 SF Land Size 4.70 Acres ,� Year Built 1997 ba 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 load ing*Geothermal System in place*E-1 Employment District Zoning*Heavy Power Available*Precast tilt up construction*Geothermal System in place*Flexible loading options*Secondary boiler sys 11110 Industrial Circle NW Industrial Leased 11110 Industrial Circle NW • Elk River, MN 55330 Available SF Available S 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 St Office/Warehouse. Multi -tenant. Up to 4 Separate Spaces. *Suite H—1,300sf Office & 1,300sf WH = 2,600 SF Available o 1 Dock Doom 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 ��.tl Ryan Hardin 'Z Catylist Research .� ryanhardint�hardincompanies.com fir• 612-860-6117 10/13/2021 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. I" Hardin Companies Great opportunity to develop 1.85 acres in the heart of Elk River! 18409 Line Ave NW Land Sold m 18409 Line Ave NW Sale Price $600,000.00 Elk River, MN 55330 Sale Price $100,000.00 $/SF $0.92 Per SF Owner Office SF Buyer Miki Express LLC Industrial SF Class Retail SF Building Size Land Size 2.50 Acres Year Built Parking Ratio Sale Date 03/30/2018 9349 Highway 10 NW - 7.08 Acres Land Sold m 9349 Highway 10 NW Sale Price $600,000.00 Ramsey, MN 55330 $/S IF $1.95 Per SF Owner Office SF Buyer Ralph LLC Industrial SF Class Retail SF Building Size 1,423 SF Land Sae 7.08 Acres Year Built 1928 Parking Ratio Sale Date 05/14/2019 Raw Land on Hwy 10, ready to develop. 7.08 acres, zoned B-2. US Highway 101169 Frontage. Excellent Traffic Counts over 35,000 VPD. B-2 Commercial Zoning. Level Ground. Amazing location adjacent to MnDOT weight Station. Ryan Hardin KOM ryanhardin@hardincompanies.com� Catyiist Research 612-860-6177 10/13/2021 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 cr 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. i My Report Hardin Companies 15681 Andre St NW, Ramsey, MN 55303 1612-860 ley Ai �rAy; r tr Buckman 1 Lakin 'alt.Morrill 1 ,w Granite Ledge M laica ko 1 AAA Lake - 2 3 Sarith F-- 4 5 6 8 9 rr Pak Park- 9ogui drank Popple Creek Sauk Rap hDuelm St; [loud. r 69 Brava Hun St 0oud Regional ,dvtrport�' I w 5 6 J 10 ar i6alr ' E:I: Rne , Are low p!C Lake ,,,�►� f y 1 Michael � y '�'1 .■ f 12 purl t W Oxnapp * ►� i r 13 kuf Brook/ Stockholm' Hamel `. Victor tZi _ Plymouth d,ster Hale Hollywood' i r �. r w r I U. 4 S ■ Waco. I Eoen Pr��rrr-` Ozoai'Msivemj t !enTom-f Ma I.Rx, 550 Freeport Ave Elk River, MN 55330 Bldg SF: 75,524 SF 15019th St S Sartell, MN 56377 Bldg SF: 9750158th Cir NW 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 15560 Cleveland St NW Elk River, MN 55330 Bldg SF: 9,582 SF 9710158th Cir NW Elk River, MN 55330 Bldg SF: 11090183rd Circle NW Elk River, MN 55330 Bldg SF: 12,000 SF 6250 McKinley St NW Ramsey, MN 55303 Bldg SF: 54,366 SF 11110 Industrial Circle NW Elk River, MN 55330 Bldg SF: 19,897 SF 18409 Line Ave NW Elk River, MN 55330 Bldg SF: 9349 Highway 10 NW Ramsey, MN 55330 Bldg SF: 1,423 SF Ryan Hardin Catyllst Research ryanhardin@hardincompanies.com Z,r 612-860-6117 10/13/2021 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. 8 9 rr J 10 ar i6alr ' E:I: Rne , Are low p!C Lake ,,,�►� f y 1 Michael � y '�'1 .■ f 12 purl t W Oxnapp * ►� i r 13 kuf Brook/ Stockholm' Hamel `. Victor tZi _ Plymouth d,ster Hale Hollywood' i r �. r w r I U. 4 S ■ Waco. I Eoen Pr��rrr-` Ozoai'Msivemj t !enTom-f Ma I.Rx, 550 Freeport Ave Elk River, MN 55330 Bldg SF: 75,524 SF 15019th St S Sartell, MN 56377 Bldg SF: 9750158th Cir NW 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 15560 Cleveland St NW Elk River, MN 55330 Bldg SF: 9,582 SF 9710158th Cir NW Elk River, MN 55330 Bldg SF: 11090183rd Circle NW Elk River, MN 55330 Bldg SF: 12,000 SF 6250 McKinley St NW Ramsey, MN 55303 Bldg SF: 54,366 SF 11110 Industrial Circle NW Elk River, MN 55330 Bldg SF: 19,897 SF 18409 Line Ave NW Elk River, MN 55330 Bldg SF: 9349 Highway 10 NW Ramsey, MN 55330 Bldg SF: 1,423 SF Ryan Hardin Catyllst Research ryanhardin@hardincompanies.com Z,r 612-860-6117 10/13/2021 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. 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