Save-A-Lot Shopping Center in Cleveland "Opportunity Zone" 3024 Clark Ave Cleveland, Oh 44109

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" 3024 CLARK AVE CLEVELAND, OH 44109

Victor S. Voinovich Sr. Managing Director 888.236.1435 [email protected]

SVN | FIRST PLACE COMMERCIAL REALTY, LLC | 308 EAGLETON CT. #200, CLEVELAND, OH 44056 OFFERING MEMORANDUM PROPERTY INFORMATION 1 Disclaimer Property Summary Location Description Complete Highlights Rent Roll Tenant Profile Site Plan Regional Map Location Maps Area Views Aerial Map Sale Comps Sale Comps Summary Sale Comps Map Additional Photos Additional Photos Additional Photos Demographics Report Demographics Map District 2 CLARK-FULTON NEIGHBORHOOD PLAN SUMMARY Cuyahoga County Profile Cleveland, Ohio Northeast Ohio Advisor Bio & Contact 1 Back Page

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 OFFERING MEMORANDUM 1 PROPERTY INFORMATION 3024 Clark Ave Cleveland, OH 44109

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 3 Disclaimer

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Property Summary

OFFERING SUMMARY PROPERTY OVERVIEW Sale Price: $2,633,000 Save a Lot Shopping Center is a two-tenant property anchored Price / SF: $78.24 by a national value-oriented grocery and shadow-anchored by Cap Rate: 7.5% AutoZone, one of the largest auto parts retailers in the country. NOI: $197,475 Lot Size: 2.28 Acres The property is located in the Clark-Fulton neighborhood of Year Built: 1966 Cleveland and is surrounded by a variety of other retailers. Building Size: 33,653 SF Save a Lot is the only grocery in the immediate area. Renovated: 2005 Zoning: Commercial Market: Cleveland Cross Streets: West 30th Street Submarket: Southwest APN: 007-26-028 Number Of Stories: 1 Number Of Units: 2

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 5 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Location Description

LOCATION OVERVIEW

Save a Lot shopping Center is located approximately 7 minutes to Downtown Cleveland in a near west side neighborhood known as “Clark-Fulton”, in close proximity to the corner of Clark Avenue and West 30th Street, a highly traveled intersection. It is part of Cleveland’s District 2 planning grouping which is made up of 7 neighborhood segments including Clark-Fulton. Development in Tremont, Ohio City, Stockyards, and the Detroit Shoreway neighborhoods that surround Clark-Fulton has been robust over the past 10 years. Each of these neighborhoods has experienced new and renovated housing, retail, and other commercial options. These have contributed to the vibrancy of Clark-Fulton and their impacts will continue into the foreseeable future. Included in the Clark-Fulton neighborhood is its anchor, Metro General Hospital, Cleveland's third largest hospital system, that is currently building a new campus investing over $1 Billion. The Clark-Fulton neighborhood is benefited by Interstates 71, 90 and 490 connecting it to downtown and surrounding Cleveland neighborhoods and suburbs. The property is located in an “OPPORTUNITY ZONE” which will provide incentives for increased development throughout this neighborhood. The property benefits from two entrances on Clark Avenue and a service entrance off Walton Ave. The property enjoys a high walkable score with high trafficolume, v close to 22000 vpd.

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 6 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Complete Highlights

SALE HIGHLIGHTS • Grocery- anchored til 2028 by Save a Lot

• Located 7 minutes to Downtown Cleveland

• Shadow Anchored by AutoZone currently (being marketed for sale by same owner

• Located in an "Opportunity Zone"

• Near large hospital system which currently is spending over $1 Billion on a new campus

• Near heavily-retailed area with numerous options for eateries, drug stores, auto parts, and other necessities

• Surrounded by prominent Cleveland neighborhoods that are seeing multiple investments

• Population of almost 300,000 within a five mile radius

• High Traffict a Clark and West 30th -approximately 22000 VPD with good signage and visability

• Walkable Center and covered public transportation stop in front of center

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 7 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Rent Roll

TENANT UNIT LEASE LEASE ANNUAL % OF PRICE NAME SIZE (SF) START END RENT GLA PER SF/YR

Save a Lot 20,445 3-03-06 08-31-28 $166,627 60.75 $8.15

Dollar Mart 13,208 09-27-06 09-30-24 $81,229 39.25 $6.15

Totals/Averages 33,653 $247,856 $7.37

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 8 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Tenant Profile

OVERVIEW SAVE-A-LOT

Company: Save-A-Lot Food Stores Ltd. Save-A-Lot is the nation's leading extreme value, limited-assortment grocery chain, operating more than 1,280 value-oriented stores in all types of Founded: 1977 neighborhoods - urban, rural and suburban - and delivering terrific savings of up to 40 percent Number Of Locations: 1,280 compared to conventional grocery stores. Save-A-Lot also operates Deal$, a chain of more Headquarters: St. Ann, Missouri than 130 single-price-point, treasure-hunt stores offering high-quality general merchandise, Website: Savealot.com seasonal goods and everyday consumables all priced at $1. The Save-A-Lot grocery store network spans from Maine to California, and more than four million shoppers save significantly each week on the highest quality custom and national brands, • plus USDA-inspected beef, pork and poultry, farm-fresh fruits and vegetables and non-food items. And shoppers are guaranteed to find shocking $1 values on everyday general merchandise items in Save-A-Lot's fun, new Dollar Departments.

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 9 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Site Plan

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 10 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Regional Map

Save-A-Lot Shopping Center in Cleveland "Opportunity Zone"

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 11 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Location Maps

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 12 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Area Views

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 13 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Aerial Map

Save-A-Lot Shopping Center in Cleveland "Opportunity Zone"

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 14 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Sale Comps

Subject Pr$2,oper633,000ty

3024 Clark Ave, Cleveland, OH 44109 Sale Price: $2,633,000 Lot Size: 2.28 Acres Year Built: 1966 Building SF: 33,653 SF Price PSF: $78.24 CAP: 7.50% NOI: $197,475

Save a Lot Shopping Center is a two-tenant property anchored by a national value-oriented grocery and shadow-anchored by AutoZone, one of the largest auto parts retailers in the country. The property is located in the Clark-Fulton neighborhood of Cleveland and is surrounded by a variety of other retailers. Save a Lot is the only grocery in the immediate area.

1 3121 Clark Rd ClevelandO, OH 44109 1 Sale Price: $1,049,571 Lot Size: 1.88 Acres Year Built: 1994 Building SF: 13,500 SF Price PSF: $77.75 CAP: 7.00%

2 3002 Clark Ave Cleveland, OH 44109 2 Sale Price: $1,060,000 Lot Size: 0.19 Acres Year Built: 2005 Building SF: 6,840 SF Price PSF: $154.97 CAP: 5.50%

3 25 W Miller Ave Akron,, OH 44301 3 Sale Price: $1,000,000 Year Built: 2014 Building SF: 16,250 SF Price PSF: $61.54 CAP: 7.50% Closed: 02/03/2015

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 15 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Sale Comps Summary

SALE COMPS PRICE BLDG SF PRICE/SF CLOSE 1 3121 Clark Rd ClevelandO, OH $1,049,571 13500 SF $77.75 On Market 44109

2 3002 Clark Ave Cleveland, OH $1,060,000 6840 SF $154.97 On Market 44109

3 25 W Miller Ave Akron,, OH $1,000,000 16250 SF $61.54 02/03/2015 44301

PRICE BLDG SF PRICE/SF CLOSE Totals/Averages $1,036,524 12,197 SF $84.98

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 16 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Sale Comps Map

SUBJECT PROPERTY 3024 Clark Ave, Cleveland, OH 44109

1 3121 CLARK RD 2 3002 CLARK AVE ClevelandO, OH Cleveland, OH 44109 44109

3 25 W MILLER AVE Akron,, OH 44301

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 17 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Additional Photos

Looking North from parking lot

Looking North from Clark Ave. East Entrance off Clark Ave.

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 18 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Additional Photos

West entrance off Clark Ave. - covered RTA bus stop in front of store

Rear view of building from Walton Ave.

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 19 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Additional Photos

Save a Lot is less than a mile from MetroHealth, Cleveland's 3rd largest Health System

MetroHealth has begun a $1 billion makeover to be completed by 2022. This anchor's Clark-Fulton neighborhood.

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 20 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Demographics Report

1 MILE 3 MILES 5 MILES

Total population 18,548 120,977 280,314

Median age 33.4 34.1 35.6

Median age (male) 31.4 33.1 34.2

Median age (female) 35.4 34.7 36.8

1 MILE 3 MILES 5 MILES

Total households 7,252 49,347 116,367

Total persons per HH 2.6 2.5 2.4

Average HH income $31,385 $37,251 $39,905

Average house value $83,740 $100,008 $110,815

* Demographic data derived from 2010 US Census

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 21 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Demographics Map

POPULATION 1 MILE 3 MILES 5 MILES

Total population 18,548 120,977 280,314

Median age 33.4 34.1 35.6

Median age (Male) 31.4 33.1 34.2

Median age (Female) 35.4 34.7 36.8

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 7,252 49,347 116,367

# of persons per HH 2.6 2.5 2.4

Average HH income $31,385 $37,251 $39,905

Average house value $83,740 $100,008 $110,815

* Demographic data derived from 2010 US Census

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 22 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Cleveland -District 2

Location. Planning District 2 is located on Cleveland’s near west side. It is roughly rectangular in shape and covers 16.3 square miles. The District is bounded on the north by Lake Erie, on the east by the Cuyahoga River Valley, on the south by Brookpark Road and the City of Parma, and on the west by the City of Brooklyn and a variety of streets in the vicinity of West 73 rd and West 85 th Streets. District 2 comprises seven neighborhoods (or “Statistical Planning Areas”): Detroit-Shoreway, Ohio City, Tremont, Stockyards, Clark-Fulton, Brooklyn Centre and Old Brooklyn. The District includes all of City Council Wards 14, 15, and 16, the majority of Ward 17, those portions of Ward 13 located west of the Cuyahoga River, and a small sliver of Ward 18 encompassing Edgewater State Park. The West Shoreway and Interstates 90, 71 & 480 provide excellent east-west movements and State Route 176 (“Jennings Freeway”) facilitates north-south movements along the west rim of

the Cuyahoga Valley.

Population. In 2000, the neighborhoods that comprise District 2 had a total population of 100,181. Introduction

Approximately 73% of the population was white and 11% African-American. Another 11% of the population Acknowledgements

identified themselves as “Other”. The highest concentration of Hispanics in the City lives on the near west side Citywide Plan Home Page in District 2. In total 21% of the district population identified themselves as Hispanic, ranging from 40% in Clark- Citywide Chapters Fulton to 6% in Old Brooklyn. Generally incomes and home ownership rates are higher in the southern part of

Population the district in Old Brooklyn and Brooklyn Centre. Neighborhoods near Downtown however, like Ohio City and

Housing Tremont, have recently experienced a great deal of housing renovation and construction attracting new

Retail residents with incomes that are much higher than long-time residents.

Economic Development

Recreation and Open Space Development Patterns. The District’s pattern of physical development has been greatly influenced by its

Sustainability topography. Many of the main east-west streets, such as Detroit and Lorain Avenues, were upgrades of the

Arts and Culture original Native-American trails that followed beach ridges of ancient lakes which were deeper than Lake Erie. Education and Community These streets became main commercial corridors. The lakefront and valleys of the Cuyahoga River, Walworth

Service Run (now culverted underground) and Big Creek provided the railroads with flat or gently sloping land to run their tracks. Subsequently industrial districts, which needed access to the railroads to move their goods, Transportation and Transit developed along these rail corridors. In some places the natural features were capitalized on to establish parks. Safety

Edgewater and Brookside Parks occupy substantial portions of the lakefront and Big Creek valley. The northern Preservation half of the district is located on what is known as the Lake Plain. Once part of the lake bottom, this land is Opportunity and Equity relatively level and allowed for easy development of residential neighborhoods in a grid pattern. Planning District Chapters

District 1

The advent of the Interstate Highway System, built between the late-1950s and the mid-1970s, had a major District 2 impact on many of the District’s neighborhoods. The construction of Interstates 71 and 90, radically altered Overview traditional development and commuting patterns and also cut off neighborhoods like Ohio City and Tremont and • Brooklyn Centre Clark-Fulton and Brooklyn Centre from one another. The construction of the Cleveland Memorial Shoreway in • Clark-Fulton the early 1940s also cut off the nearby Detroit-Shoreway and Ohio City neighborhoods from easy access to the • Detroit Shoreway lakefront. • Ohio City • Old Brooklyn District 2 Neighborhood links: • Stockyards • Tremont • Brooklyn Centre

District 3 • Clark-Fulton

District 4 • Detroit Shoreway

• Ohio City District 5

• Old Brooklyn District 6

• Stockyards • Tremont

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 23 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Clark-Fulton Neighborhood

Description. Clark-Fulton may be able to lay claim to the city’s most diverse ethnic population, including a large and growing Hispanic segment and an increasing number of African- Americans—as well as a healthy representation of descendents of the Central and Eastern European immigrants—Germans, Czechs, Italians, Slovaks and Poles—who originally settled here in the mid- 1800s to be near the factories and, it is said, the breweries that were springing up nearby. It became a part of the city when portions of Brooklyn Township were annexed to Cleveland in the late 1800s. Physical development patters in the Clark-Fulton area were also changed dramatically during the 1960's and 1970's by the construction of I-71 and I-90. These highways act to separate and isolate the neighborhood from surrounding areas.

Assets. Among the neighborhood’s most significant assets are: • MetroHealth Medical Center founded in 1889 as City Hospital • the West 25th Street-Clark Avenue retail district which includes locally owned ethnic restaurants and stores that cater to the retail needs of this diverse neighborhood • the 2nd District police headquarters • Lincoln-West High School and Meyer Pool • new housing developments including Milford Place and Metro Lofts

Challenges. Among the challenges faced by the Clark-Fulton neighborhood today are: • limited variety of housing options • unattractive streetscape conditions along main commercial streets - Clark Avenue Avenue, Fulton Road and West 25th Street • vacant residential lots concentrated in northern portion of planning district • abundant vacant commercial and second floor space in buildings along West 25th Street • vacant and underutilized properties on West 25th Street in vicinity of MetroHealth Medical Center campus

Vision. Increase the appeal of Clark-Fulton as a residential locale through highlighting its traditional ethnic diversity, potential for new and varied housing stock and location along the Ohio & Erie Canalway Scenic Byway. Among the development opportunities and initiatives proposed are the following: • pursue opportunities for adaptive reuse of commercial and industrial buildings as apartment and condominium-style loft residential units on West 25th Street and on West 33rd Street, in vicinity of St. Rocco Catholic Church • facilitate infill housing development on scattered site residential lots • develop a vibrant, ethnic-based mixed use district at corner of West 25th Street and Clark Avenue consisting of residential, retail and office uses • create infill retail development strategy for Clark Avenue between West 25th Street and Fulton Road that benefits from traffic heading to and from Steelyard Commons • tell the “neighborhood story” through the development of interpretive exhibits on West 25th Street along the route of the Ohio & Erie Canal Scenic Byway • establish development project of scale along west side of West 25th Street, opposite MetroHealth Medical Center campus • program streetscape improvements along major commercial arterials like West 25th Street, Clark Avenue and Fulton Road

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 24 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Cuyahoga County Profile

Established: Act - June 7, 1807 2017 Population: 1,248,514 Land Area: 458.3 square miles County Seat: Cleveland City Named for: Native American word meaning "crooked" Taxes Taxable value of real property $26,539,113,700 Residential $18,828,135,780 Agriculture $9,384,170 Industrial $1,123,366,370 Commercial $6,575,648,970 Mineral $2,578,410 Ohio income tax liability $866,594,518 Average per return $1,534.85

Land Use/Land Cover Percent Developed, Lower Intensity 57.66% Developed, Higher Intensity 20.12% Barren (strip mines, gravel pits, etc.) 0.07% Forest 17.21% Shrub/Scrub and Grasslands 1.53% Pasture/Hay 0.74% Cultivated Crops 0.29% Wetlands 1.85% Open Water 0.55%

Largest Places Est. 2017 Census 2010 Cleveland city 385,525 396,815 Parma city 79,167 81,601 Lakewood city 50,249 52,131 Euclid city 47,201 48,920 Strongsville city 44,744 44,750 Cleveland Heights city 44,562 46,121 Westlake city 32,297 32,729 North Olmsted city 31,734 32,718 North Royalton city 30,294 30,444 Garfield Heights city 27,835 28,849 UB: Unincorporated balance.

Total Population Census Estimated 1800 1910 637,425 2012 1,266,210 1810 1,459 1920 943,495 2013 1,264,622 1820 6,328 1930 1,201,455 2014 1,262,459 1830 10,373 1940 1,217,250 2015 1,257,957 1840 26,506 1950 1,389,532 2016 1,253,454 1850 48,099 1960 1,647,895 2017 1,248,514 1860 78,033 1970 1,721,300 1870 132,010 1980 1,498,400 Projected 1880 196,943 1990 1,412,140 2020 1,209,550 1890 309,970 2000 1,393,978 2030 1,154,210 1900 439,120 2010 1,280,122 2040 1,113,950

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 25 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Cuyahoga County Profile

Population by Race Number Percent Population by Age Number Percent ACS Total Population 1,258,710 100.0% ACS Total Population 1,258,710 100.0% White 795,889 63.2% Under 5 years 72,972 5.8% African-American 374,396 29.7% 5 to 17 years 198,527 15.8% Native American 3,273 0.3% 18 to 24 years 115,308 9.2% Asian 35,166 2.8% 25 to 44 years 312,047 24.8% Pacific Islander 279 0.0% 45 to 64 years 352,254 28.0% Other 16,432 1.3% 65 years and more 207,602 16.5% Two or More Races 33,275 2.6% Median Age 40.4 Hispanic (may be of any race) 68,117 5.4% Family Type by Presence of Total Minority 503,687 40.0% Own Children Under 18 Number Percent Educational Attainment Number Percent Total Families 304,828 100.0% Persons 25 years and over 871,903 100.0% Married-couple families 23.4% No high school diploma 100,034 11.5% with own children 71,437 High school graduate 246,721 28.3% Male householder, no wife present, with own children 3.5% Some college, no degree 191,716 22.0% 10,637 Associate degree 64,090 7.4% Female householder, no husband present, with own children 15.3% Bachelor's degree 158,303 18.2% 46,542 Master's degree or higher 111,039 12.7% Families with no own children 176,212 57.8% Family Type by Poverty Status of Families Employment Status Number Percent By Family Type by Presence Total Families 303,992 100.0% Of Related Children Number Percent Married couple, husband and Total Families 304,828 100.0% 34.7% wife in labor force 105,374 Family income above poverty level 261,305 85.7% Married couple, husband in Family income below poverty level 43,523 14.3% labor force, wife not 12.2% 37,037 Married couple, Married couple, wife in labor with related children 5,297 1.7% force, husband not 5.6% 17,062 Male householder, no wife Married couple, husband and 11.8% present, with related children 3,883 1.3% wife not in labor force 35,877 Female householder, no husband Male householder, 7.9% in labor force 5.7% present, with related children 24,086 17,182 Families with no related children 10,257 3.4% Male householder, not in labor force 2.2% 6,667 Ratio of Income Female householder, in labor force 19.3% To Poverty Level 58,616 Number Percent Population for whom poverty status Female householder, 8.6% not in labor force is determined 1,232,253 100.0% 26,177 Household Income Number Percent Below 50% of poverty level 109,925 8.9% 50% to 99% of poverty level Total Households 534,559 100.0% 117,815 9.6% 100% to 124% of poverty level 59,648 4.8% Less than $10,000 57,923 10.8% 125% to 149% of poverty level 56,125 4.6% $10,000 to $19,999 67,431 12.6% 150% to 184% of poverty level 77,699 6.3% $20,000 to $29,999 61,159 11.4% 185% to 199% of poverty level 32,087 2.6% $30,000 to $39,999 54,288 10.2% 200% of poverty level or more 778,954 63.2% $40,000 to $49,999 46,346 8.7% $50,000 to $59,999 41,653 7.8% Geographical Mobility Number Percent $60,000 to $74,999 47,399 8.9% Population aged 1 year and older 1,245,138 100.0% $75,000 to $99,999 56,998 10.7% $100,000 to $149,999 57,923 10.8% Same house as previous year 1,055,994 84.8% $150,000 to $199,999 20,308 3.8% Different house, same county 141,818 11.4% $200,000 or more 23,131 4.3% Different county, same state 20,987 1.7% Different state 18,793 1.5% Median household income $45,289 Abroad 7,546 0.6% Percentages may not sum to 100% due to rounding. SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 26 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Cuyahoga County Profile

Number Percent Number Percent Workers 16 years and over 548,574 100.0% Specified renter-occupied housing units 219,474 100.0% Less than 15 minutes 125,078 22.8% Less than $100 3,207 1.5% 15 to 29 minutes 234,631 42.8% $100 to $199 3,153 1.4% 30 to 44 minutes 129,984 23.7% $200 to $299 10,293 4.7% 45 to 59 minutes 34,262 6.2% $300 to $399 6,836 3.1% 60 minutes or more 24,619 4.5% $400 to $499 11,818 5.4% Mean travel time 24.3 minutes $500 to $599 24,258 11.1% $600 to $699 31,898 14.5% Housing Units Number Percent $700 to $799 29,686 13.5% Total housing units 618,673 100.0% $800 to $899 24,510 11.2% Occupied housing units 534,559 86.4% $900 to $999 18,726 8.5% Owner occupied 315,085 58.9% $1,000 to $1,499 36,814 16.8% Renter occupied 219,474 41.1% $1,500 or more 8,521 3.9% Vacant housing units 84,114 13.6% No cash rent 9,754 4.4% Year Structure Built Number Percent Median gross rent $742 Total housing units 618,673 100.0% Median gross rent as a percentage Built 2014 or later 583 0.1% of household income 30.6 Built 2010 to 2013 3,088 0.5% Selected Monthly Owner Built 2000 to 2009 26,241 4.2% Built 1990 to 1999 35,047 5.7% Costs for Specified Owner- 5.5% Built 1980 to 1989 33,883 Occupied Housing Units Number Percent 9.9% Built 1970 to 1979 61,257 Specified owner-occupied housing units 13.8% Built 1960 to 1969 85,281 with a mortgage 201,021 100.0% Built 1950 to 1959 125,917 20.4% Less than $400 1,631 0.8% Built 1940 to 1949 59,370 9.6% $400 to $599 7,344 3.7% Built 1939 or earlier 188,006 30.4% $600 to $799 17,556 8.7% Median year built 1955 $800 to $999 28,230 14.0% Value for Specified Owner- $1,000 to $1,249 40,768 20.3% $1,250 to $1,499 33,339 16.6% Occupied Housing Units Number Percent $1,500 to $1,999 38,312 19.1% Specified owner-occupied housing units 315,085 100.0% $2,000 to $2,999 24,006 11.9% Less than $20,000 9,022 2.9% $3,000 or more 9,835 4.9% $20,000 to $39,999 15,144 4.8% Median monthly owners cost $1,287 $40,000 to $59,999 25,422 8.1% Median monthly owners cost as a $60,000 to $79,999 33,785 10.7% percentage of household income 21.5 $80,000 to $99,999 39,052 12.4% $100,000 to $124,999 39,560 12.6% Vital Statistics $125,000 to $149,999 32,385 10.3% Number Rate Births / rate per 1,000 women aged 15 to 44 14,712 61.1 $150,000 to $199,999 48,162 15.3% Teen births / rate per 1,000 females 15-19 864 22.6 $200,000 to $299,999 40,604 12.9% $300,000 to $499,999 22,392 7.1% Deaths / rate per 100,000 population 13,973 1,118.4 $500,000 to $999,999 7,827 2.5% Migration $1,000,000 or more 1,730 0.5% Median value $122,200

House Heating Fuel Number Percent Occupied housing units 534,559 100.0% Utility gas 447,049 83.6% Bottled, tank or LP gas 4,884 0.9% Electricity 72,436 13.6% Fuel oil, kerosene, etc 1,032 0.2% Coal, coke or wood 834 0.2% Solar energy or other fuel 4,546 0.9% No fuel used 3,778 0.7% Percentages may not sum to 100% due to rounding. SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 27 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Cuyahoga County Profile

Agriculture Land in farms (acres) 2,608 Communications Number of farms 114 Television stations 8 Average size (acres) 23 Radio stations 28

Total cash receipts $10,215,000 Daily newspapers 1 Per farm $89,606 Circulation 124,968 Receipts for crops $10,061,000 Weekly newspapers 1 Receipts for livestock/products $154,000 Circulation 5,800 Education Crime 367 Public schools buildings Total crimes reported in Uniform Crime Report 39,670 Students (Average Daily Membership) 166,566 Teachers (Full Time Equivalent) 11,220.1 Violent crime 7,438 Expenditures per student $12,762 Property crime 31,872 Graduation rate 79.3 Arson 360

Non-public schools 126 Students 34,503 Finance 4-year public universites 1 FDIC insured financial institutions (HQs) 6 Branches 0 Assets (000) $147,553,983 2-year public colleges/satellites 3 Branch offices 397 Private universities and colleges 5 Institutions represented 27 Public libraries (Districts / Facilities) 9 / 72 Transfer Payments Transportation Total transfer payments $12,544,827,000 Registered motor vehicles 1,102,794 Payments to individuals $12,231,589,000 Passenger cars 916,771 Retirement and disability $3,992,470,000 Noncommercial trucks 63,491 Medical payments $6,173,381,000 Total license revenue $27,533,531.41 Income maintenance (Supplemental SSI, Permissive tax revenue $20,171,647.50 family assistance, food stamps, etc) $1,366,076,000 Unemployment benefits $114,084,000 Interstate highway miles 132.00 Veterans benefits $258,725,000 Turnpike miles 18.83 Federal education and training assistance $212,226,000 U.S. highway miles 107.37 Other payments to individuals $114,627,000 State highway miles 230.97 Total personal income $62,496,228,000 County, township, and municipal road miles 4,324.44 Depedency ratio 20.1% Commercial airports 3 (Percent of income from transfer payments)

Health Care Physicians (MDs & DOs) 7,080 State Parks, Forests, Nature Preserves, Registered hospitals 22 Scenic Waterways, And Wildlife Areas Number of beds 7,606 Areas/Facilities 0 Acreage 0.00 Licensed nursing homes 97 Number of beds 11,531 Per Capita Personal Income Licensed residential care 81 Number of beds 7,095

Persons with health insurance (Aged 0 to 64) 93.7% Adults with insurance (Aged 18 to 64) 92.4% Children with insurance (Aged Under 19) 97.3% Voting Number of registered voters 890,626 Voted in 2016 election 617,350 Percent turnout 69.3%

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 28 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Cuyahoga County Profile

Civilian Labor Force 2017 2016 2015 2014 2013 Civilian labor force 610,900 610,500 608,900 616,200 617,900 Employed 575,100 577,200 577,400 577,700 574,500 Unemployed 35,800 33,300 31,500 38,600 43,400 Unemployment rate 5.9 5.4 5.2 6.3 7.0 Establishments, Employment, and Wages by Sector: 2016 Number of Average Total Average Industrial Sector Establishments Employment Wages Weekly Wage Private Sector 34,409 626,696 $33,507,164,516 $1,028 Goods-Producing 4,148 88,927 $5,535,784,830 $1,197 Natural Resources and Mining 42 506 $27,897,497 $1,059 Constuction 2,175 20,788 $1,280,801,192 $1,185 Manufacturing 1,931 67,633 $4,227,086,141 $1,202 Service-Providing 30,262 537,769 $27,971,379,686 $1,000 Trade, Transportation and Utilities 7,834 117,732 $5,218,662,109 $852 Information 503 11,649 $825,137,169 $1,362 Financial Services 3,973 51,778 $4,007,072,028 $1,488 Professional and Business Services 7,071 112,119 $7,644,352,481 $1,311 Education and Health Services 4,227 151,793 $7,699,951,177 $976 Leisure and Hospitality 3,425 71,677 $1,855,567,720 $498 Other Services 3,137 20,916 $716,717,351 $659 Federal Government 16,148 $1,231,923,078 $1,467 State Government 4,208 $288,065,146 $1,316 Local Government 72,379 $3,809,607,417 $1,012

Change Since 2011 Private Sector total includes Unclassified establishments not shown. Private Sector -1.0% 5.5% 17.4% 11.3% Goods-Producing -6.6% 0.6% 5.3% 4.7% Natural Resources and Mining 23.5% -1.7% 11.3% 13.3% Construction -4.7% 8.8% 23.2% 13.3% Manufacturing -9.2% -1.7% 0.9% 2.6% Service-Producing -0.2% 6.3% 20.1% 12.9% Trade, Transportation and Utilities -3.4% 2.6% 11.1% 8.3% Information -8.9% -9.2% 1.1% 11.3% Financial Services -0.5% 0.4% 14.5% 14.1% Professional and Business Services 1.7% 7.7% 22.9% 14.0% Education and Health Services 3.1% 6.6% 25.0% 17.3% Leisure and Hospitality 5.8% 20.3% 42.7% 18.9% Other Services -2.7% 3.4% 20.3% 16.2% Federal Government -3.4% 2.1% 5.7% State Government -4.3% 8.4% 13.3% Local Government -0.6% 8.4% 9.1% Major & Notable Employers Residential American Greetings Corp Mfg Case Western Reserve University Serv Construction 2013 2014 2015 2016 2017 Cleveland Clinic Health System Serv Total units 1,039 719 744 829 827 Eaton Corp Mfg Total valuation (000) $208,647 $184,863 $203,527 $207,582 $221,135 Ford Motor Co Mfg KeyCorp Fin Total single-unit bldgs 639 566 702 719 728 Lincoln Electric Holding Inc Mfg Average cost per unit $261,357 $318,396 $289,609 $286,838 $288,891 Nestle USA Mfg Total multi-unit bldg units 400 153 42 110 99 Parker Hannifin Corp Mfg Average cost per unit $104,100 $30,395 $5,282 $12,226 $109,324 Progressive Corp Ins Sherwin-Williams Co Mfg Swagelok Mfg University Hospitals Health System Serv

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 29 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Cleveland, Ohio

Home to the Rock and Roll Hall of Fame

Population: 388,000, second largest city in Ohio and 51st largest city in the U.S.

Economic Drivers: Financial Services, Healthcare, Biomedical, Manufacturing supported by Lake Erie transportation venues and rail lines and skilled workforce

Major Cultural Venues:

University Circle including Cleveland Orchestra, Cleveland Museum of Art, Museum of Contemporary Art, Botanical Gardens, Natural Science Museum; Natural History Museum

Rock and Roll Hall of fame

Playhouse Square: Second largest performing arts center in the U.S.

Great Lake Science Museum

Pro Football Hall of Fame (located one hour away in Canton, Ohio)

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 30 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Northeast Ohio

WHY NORTHEAST OHIO REGION With a $226 billion economy, 4 million residents and 2 million workers, the 18 County Cleveland Region is globally recognized for its skilled workforce, low cost of doing business, corporate-friendly tax structure, logistics infrastructure and exceptional quality of life. Centrally located between New York City, Chicago and Toronto, the region allows for quick market access to more than half of North America.

The Northeast Ohio region is anchored by Greater Cleveland and ranks as the 12th largest region in the United States with more than 4.1 million residents. Historically known as the heart of the rust belt, the Northeast Ohio economy has become highly diverse and no longer reliant on the steel and automotive sectors. While still heavily based on manufacturing, other sectors such as health care, science and engineering, biotechnology and biomedical and education have flourished throughout the region. Cleveland ranks highly among U.S. markets in the number of company headquarters and FORTUNE 500 and FORTUNE 1000 companies. Additionally, a significant number of overseas companies have significant U.S. operation centers in Northeast Ohio. Further, over 30 institutions of higher learning are located in Northeast Ohio with over 27,000 college graduates per year.

Significant Headquarter Presence Major Industries Advanced Energy The Cleveland region also boasts the fourth-heaviest Advanced Manufacturing concentration of headquarters employment- 38 percent Advanced Materials higher than the national average. Proportionately, the Aerospace Automotive region outpaces much larger markets, including Chicago, Biomedical Atlanta, New York and Los Angeles. In fact, headquarters Food Processing employment in Northeast Ohio has grown nearly 150 Financial Services Instruments and Controls percent from 1990 to 2013, while U.S. headquarters Mechanical Engineering employment has increased only 22 percent. Specifically, Medical Devices Northeast Ohio headquarters employment has grown Oil and Gas Professional Services from 19,000 employees in 1990 to nearly 49,000 in 2013.

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 31 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Northeast Ohio

T he s e h e a d q u a r t e r s l o c a t i o ns a r e s u p p o r t e d b y a w o r l d- c l a s s p r o f e s s i o n a l s e r v i c e s c l u s t e r of leading financial, legal and insurance firms. Suc cessful businesses need the support of top-tier professional services, such as accounting, legal and marketing. As such the Cleveland region is home to the one of the world’s largest financial sectors and one of the nation’s largest legal communities:

FORTUNE 500 & 1000 Companies Aleris KeyCorp American Greetings Corporation Lincoln Electric Holdings, Inc. Appied Industrial Technologies Lubrizol Corporation Cliffs Natural Resources Medical Mutual Diebold, Inc. Nacco Industries Eaton Corporation Parker Hannifin Corporation Ferro Corporation Polyone First Energy Corporation Progressive Casualty Insurance Co. Goodyear Tire & Rubber The Sherwin-Williams Co. Company The Timken Company Invacare Corporation Travel Centers of America Joann Stores Inc. RPM International The J.M. Smucker Company

• Seven of the regions law firms employing 100 or more attorneys – such as Jones Day and Squire Patton Boggs – have five or more offices ac ross the globe. • The Cleveland region is home to major banks such as KeyCorp (Cleveland) and the headquarters of the Fourth Federal Reserve District, one of twelve regional Reserve Banks in the Federal Reserve Sy stem. • With approximately 58,000 workers, Northeast Ohio employs more individuals in the financial services industry than any other Ohio region.

Source: Econ omy.com, Cleveland State Uni versity Job sOhio Report, March 2013

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 32 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Advisor Bio & Contact 1

VICTOR S. VOINOVICH SR. PROFESSIONAL BACKGROUND

Managing Director Victor S. Voinovich, Sr., Managing Director of SVN/ First Place Commercial Realty, LLC, is headquartered in Cleveland, Ohio. He has listed and sold or leased properties in locations throughout Ohio and in multiple states throughout the United States. These properties include office, industrial and medical buildings, shopping centers, sale-leasebacks, multi-family, hotels, and vacant land as well as buyer and tenant representation assignments in each of these product types.

Throughout his career, Vic has spent his time in multiple civic, religious, political, and entrepreneurial endeavors. These diverse experiences have allowed Vic to be more aware of and sensitive to the challenges and opportunities of his clients.

Having spent over 30 years in the transaction side of commercial real estate 308 Eagleton Ct. #200 business, Vic is familiar with all aspects of underwriting, marketing, and Cleveland, OH 44056 T 888.236.1435 negotiating a commercial real estate transaction smoothly through the C 216.235.2588 closing process. With prior experience as a CPA, Vic is knowledgeable about [email protected] the tax and financial ramifications associated with commercial real estate. OH #BRK0000264083 He communicates extensively with his clients providing frequent written and verbal reports on all marketing and transaction activities. He strives to establish long-term relationships with his clients by working to form partnerships that are advantageous to all parties.

What sets Vic apart from his competitors is how broadly he markets a property, never assuming to know all the buyers and always looking for additional value in his listings. He has found, more often than not, the highest prices seem to come from unknown buyers. Within 48 hours of listing a property, his listings are posted on multiple websites, exposing them to several million subscribers. Vic proactively co-brokers his listings by broadcasting the availability to thousands of real estate agents. He adheres to his franchise agreement with SVN requiring that he share 50% of the brokerage commission with cooperating brokers. A study done by Real Capital Analytics has documented that co-brokered real estate transactions generate 9.6% higher sale prices.

Vic has earned a BBA and MBA from the Weatherhead School of Business of Case Western Reserve University and lives in Northeast Ohio with the love of his life, Pat.

SAVE-A-LOT SHOPPING CENTER IN CLEVELAND "OPPORTUNITY ZONE" | 3024 CLARK AVE, CLEVELAND, OH 44109 SVN | First Place Commercial Realty, LLC | Page 33 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. 308 Eagleton Ct. #200 Cleveland, OH 44056 888.236.1435 www.svn.com