AREC 11 LLC 1600 GILBERT AVE 481, Commercial Mini-Warehouse MIXED USE POOR 027 1/8

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82-06-33-07-072-027 AREC LLC 600 GILBERT AVE 48, Commercial Mini-Warehouse MIXED USE POOR 027 /8 Parcel Number 82-06-33-07-072-027 Local Parcel Number 09-690-7-070-002 Tax ID: Routing Number CITY KNIGHT-9 Property Class 48 Commercial Mini-Warehouse : 208 Location Information County Vanderburgh Township KNIGHT TOWNSHIP District 027 (Local 009) EVANSVILLE CITY-KNIGHT School Corp 7995 EVANSVILLE-VANDERBURGH Neighborhood 455-027 MIXED USE POOR 027 Section/Plat 33 Location Address (2) 600 GILBERT AVE EVANSVILLE, IN 4774 Zoning Subdivision Lot Market Model 455-027 - Commercial Characteristics Topography Flood Hazard Level Public Utilities All Streets or Roads Paved Neighborhood Life Cycle Stage Static Printed Monday, June 4, 208 Review Group 208 ERA TIF Ownership AREC LLC 2727 N CENTRAL AVE PHOENIX, AZ 85004 Legal PT SW & PT NE SW SEC. 33-6-0 & PT SE SW HAAG TERRACE & PT VACATED WEDGE AVE 208 WIP 05//208 00 Transfer of Ownership Date Owner Doc ID Code Book/Page Sale Price V/I 0/26/206 AREC LLC PL TRACK PT 6/8 I 0/26/206 AREC LLC E FILE QC 6/8 I 08/2/203 AMERCO REAL ESTA #4935 WD 3/22030 $270,000 I /2/202 SPURLING BROTHER #657 WD 2/30323 $2,000 I 02/9/200 SAMAL ENTERPRISE QC 200/3850 I 05/6/2000 PATRIOT SALES INC WD 3/5358 I Commercial Valuation Records (Work In Progress values are not certified values and are subject to change) Assessment Reason For Change As Of Date Valuation Method Equalization Factor Notice Required 208 AA 05/8/208 00 207 AA 09/6/207 00 206 Inf 0/0/206 00 205 Inf 03/0/205 00 204 Inf 03/0/204 00 Notes 3/24/206 SPLIT/COMBINE: 207P8 PLTR 9624 DELETE CODE 7-070-006 TO 7-070-002 PER QC & SIGNED REQUEST FORM BY OWNER using 2 DEEDS 206R8 and 2005R20790 3/24/206 EASE: 0/28/9 DR 6 CD 8642 SIGECO ESMT 0/7/9 DR 6 CD 825 SIGECO ESMT /2/202 INS 202R30322 ACCESS ESMT AGREEMENT /6/205 INS 205R245 ELEC DISTR. LINE ESMT SIGECO DBA VECTREN 3/24/206 VAC: 4P5 PLTR 8222 VACATED LAND MEMO 08/2/973 BOARD OF PUBLIC WORKS FINAL ADOPTION OF DECLARATORY RESOLUTIN NO 2, 973 TO VACATE A PORTION OF WEDGE AVE BETWEEN U S HWY 4 & GILBERT AVE. (0.6409 ACS TO EXISTING 3.6850 ACS) $,78,900 $,78,900 $2,39,00 Land Land () Land Non (2) Land Non (3) ement Imp () Imp Non (2) Imp Non (3) Total $,78,900 $,78,900 $2,39,00 $438,500 $438,500 $,864,00 $,864,00 $2,302,600 $329,800 $329,800 $,65,200 $,65,200 $,945,000 $65,800 $65,800 $65,800 $65,800 $65,800 $65,800 Total () Total Non (2) Land Computations Calculated Acreage 5.76 $2,39,00 Total Non (3) $2,39,00 $2,302,600 $,945,000 $65,800 $65,800 Actual Frontage 0 Land Data (Standard Depth: 32', CI 32' Base Lot: 0' X 0', CI 0' X 0') Developer Discount Land Pricing Soil Act. Ext. Size Factor Parcel Acreage 5.76 Type Method ID Front. Infl. % Market Elig % Factor 8 Legal Drain NV S 0 24002.72 $.75 $.75 $420,80 00 $420,80 82 Public Roads NV 0.25 82 A 0.25 $,60 $,60 $404-0 00 0 83 UT Towers NV 9 Homesite 9/92 Acres Total Acres Farmland 5.5 Farmland Measured Acreage Avg Farmland /Acre 0.0 Data Source N/A Collector 0/0/900 Appraiser 0/0/900 of Farmland Classified Total Farm / Classifed Homesite(s) 9/92 Supp. Page Land CAP CAP 2 CAP 3 Total

82-06-33-07-072-027 AREC LLC 600 GILBERT AVE 48, Commercial Mini-Warehouse MIXED USE POOR 027 2/8 Occupancy C/I Building Pre. Mini Warehouse Pre. Framing Steel Post and Bea Height Type RES/CI Half Bath 0 0 0 0 Add Fixtures 0 0 0 0 Total 0 0 0 0 SB B U (792') 95 sqft ustments Area : Mini Warehouse 2: Paving C 02 Pole D 205 C 205 (all floors) $240,592 204 205 (building) $240,592 $92,475 $92,474 % Base Base. Total () / Computations 95 sqft 00. 792' 9 4' $6.84.35 $.02 $7.9 $7.9 $4.22 $26.40 $240,592 Co Base Age nd Dep Obs 9,5 sqft $92,474 5% $63,600 0 00.5500 $253,600 3 A $2.36 $2.36 42,977 sqft $0,426 2 $8,40 0 00 00 $8,00 $,78,900 Total this page $334,700

82-06-33-07-072-027 AREC LLC 600 GILBERT AVE 48, Commercial Mini-Warehouse MIXED USE POOR 027 3/8 Occupancy C/I Building Pre. Mini Warehouse Pre. Framing Steel Post and Bea Height Type RES/CI Half Bath 0 0 2 Add Fixtures 0 0 2 2 Total 0 0 3 4 SB B U (644') 2232 sqft 220 ustments Area : Mini Warehouse 2 x Ref Wat Cooler $300 Pole D 205 (all floors) $407,04 204 $6,400 $,300 (building) $44,804 $33,844 $33,843 % Base Base. Total () / Computations 2232 sqft 00. 644' 3 ' $9.95.35 (.37) $0.30 $0.30 $2.8 $2.6 $8.24 $407,04 Co Base Age nd Dep Obs 22,32 sqft $33,843 5% $282,070 0 00.5500 $437,200 $,78,900 Total this page $437,200

82-06-33-07-072-027 AREC LLC 600 GILBERT AVE 48, Commercial Mini-Warehouse MIXED USE POOR 027 4/8 Occupancy C/I Building Pre. Mini Warehouse Pre. Framing Steel Post and Bea Height Type RES/CI Half Bath 0 0 0 0 Add Fixtures 0 0 Total 0 0 SB B U (662') 749 ustments Area : Mini Warehouse 3 x Ref Wat Cooler $300 Pole D 205 (all floors) $373,485 204 $,600 $,300 (building) $376,385 $30,09 $30,08 % Base Base. Total () / Computations 749 00. 662' 4 ' $.68.35 (.44) $2.03 $2.03 $5.79 $2.35 $373,485 Co Base Age nd Dep Obs 7,49 $30,08 5% $255,940 0 00.5500 $396,700 $,78,900 Total this page $396,700

82-06-33-07-072-027 AREC LLC 600 GILBERT AVE 48, Commercial Mini-Warehouse MIXED USE POOR 027 5/8 Occupancy C/I Building Pre. Mini Warehouse Pre. Framing Pole Frame Height Type RES/CI Half Bath 0 0 0 0 Add Fixtures 0 0 0 0 Total 0 0 0 0 SB B U (352') 4495 sqft 4495 sqft ustments Area : Mini Warehouse 4 Pole D 205 (all floors) $30,435 204 (building) $30,435 $04,349 $04,348 % Base Base. Total () / Computations 4495 sqft 00. 352' 8 0' $4.59 ($.23) $4.59 $4.59 $3.99 $7.70 $29.02 $30,435 Co Base Age nd Dep Obs 4,495 sqft $04,348 5% $88,700 0 00.5500 $37,500 $,78,900 Total this page $37,500

82-06-33-07-072-027 AREC LLC 600 GILBERT AVE 48, Commercial Mini-Warehouse MIXED USE POOR 027 6/8 Occupancy C/I Building Pre. Light Warehouse Pre. Framing Rigid Steel Frame Height Type RES/CI Half Bath 0 0 0 0 Add Fixtures 0 0 0 0 Total 0 0 0 0 SB B U 3(284') 504 sqft ustments Area DF, LD 487sqft $8,80 DF, TW/R 20' 2x60 $8,770 : Light Warehouse Pole C 205 (all floors) $28,757 204 $6,950 (building) $45,707 $45,708 $45,707 % Base Base. Total () / Computations 504 sqft 00. 284' 6 28' $2.45 (.4) $6.9 $2.3 $2.3 $3.07 $25.54 $28,757 Co Base Age nd Dep Obs 5,04 sqft $45,707 2% $28,220 0 00.5500 $98,700 $,78,900 Total this page $98,700

82-06-33-07-072-027 AREC LLC 600 GILBERT AVE 48, Commercial Mini-Warehouse MIXED USE POOR 027 7/8 Occupancy C/I Building Pre. Loft Warehouse C/I Building Pre. Framing Fire istant Height 2 Type N/A # of Units SB B U (528') (60') 4238 sqft 8 2598 sqft RES/CI Full Bath 0 0 Half Bath 0 2 4 Add Fixtures 0 Total 0 0 3 5 ustments Area Can, CT 20sqft $4,380 Can, CT 20sqft $4,380 Can, IT 68sqft $2,430 DF, TW/R 0' 8x52 $,920 Can, IT 46sqft $6,020 DF, LD 487sqft $7,290 (all floors) $965,906 $8,000 $26,420 (building) $,000,326 $800,26 $800,260 % Base Base. Total () / Computations GCM GENRET 2598 sqft 5. 528' 3 0 0 0' $54.98 ($2.52) $52.46 $52.46 $52.46 $36,29 GCI COMGAR 64 9.5% 528' 3 8' $40.96 $.56 $42.52 $42.52 $42.52 $69,733 GCI MWRHSE 3086 sqft 75.5% 528' 3 0' $24.3 (.78) $23.35 $23.35 $23.35 $305,558 GCM AT 8 7.5% 60' 4 / Y 80 2 8' $50.4 ($2.42) $47.99 $47.99 $7.74 $55.73 $65,76 : C/I Building 2: Paving 02 3: Paving Height 2 Built Concrete D 980 Concrete C 990 C 980 98 990 980 Co Base Age nd Dep Obs 37 A 33,008 sqft $800,260 77% $84,060 0 00 00 $84,00 28 A $3.5 $3.5 3,926 sqft $48,880 8 $9,780 0 00 00 $9,800 38 A $2.36 $2.36 42,75 $00,890 8 $20,80 0 00 00 $20,200 $,78,900 Total this page $24,00

82-06-33-07-072-027 AREC LLC 600 GILBERT AVE 48, Commercial Mini-Warehouse MIXED USE POOR 027 8/8 % Base Base. Total () / Computations GCI LFTWRHS 4504 sqft 92.5% 60' 4 2 8' $30.33 ($2.00) $28.33 $28.33 ($.54) $26.79 $388,562 Co Age nd Base Area Size RCN Norm Dep Remain. Abn Obs PC Nbhd Mrkt $,78,900