OFFERING MEMORANDUM - REDI-net.com

PROPERTY OVERVIEW2402 University Ave.St. Paul, MNLocation:Building Size:Basement:Main 1 st -7 th Floors:Annex 1 st & 2 nd Floors:Total GBA:Total Above Ground:2402-2414 University Avenue WestSt. Paul, Minnesota2,000 Sq. Ft. (Approx.)114,625 Sq. Ft. (16,375 Sq. Ft./Floor)23,155 Sq. Ft. (11,577.28 Sq. Ft/Floor)139,780 Sq. Ft.137,780 Sq. Ft.The main area of the building is 164’ x 100’ in dimension, equal sizeson each floor. Two story annex on the south side of the buildingmeasures 114’ x 101’ on each floor. The basement is used only forutility and boiler room.Land:PID:47,468 Sq. Ft or 1.09 AcresMain Parcel:29-29-23-34-006229-29-23-34-006329-29-23-34-006829-29-23-34-0075Year Built:Zoning:1917 – 87 yearsB-3 (see allowed uses chart in this section)Construction: Concrete foundation, wood and concrete frame. Floor structure –wood I-beams with plywood flooring. Original wooden floors overplywood deck. Quarry tile in building entrance with concrete stairwayto second floor.Wall Heights: 12’Elevators:Utilities:Three – one passenger elevator and one freight elevator serving theseven stories. One small freight elevator serving the annex.Electric: Excel EnergyGas: Excel EnergySewer: MunicipalWater: MunicipalStorm: Municipal