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Mr. Eric Zweber <br />WSB & Associates, Inc. <br />December 19, 2017 <br />Page 50 <br />Selected Available Retail Space <br />Table 27 presents retail space that is currently available for lease as of mid-November 2017 in <br />the area outside Navarre including properties in Long Lake, Mound, Orono, Shorewood, Spring <br />Park, Tonka Bay, and Wayzata. A total of 18 properties available for lease were identified. <br />• The selected properties range in lease rate from $12.00 Net to $40.00 Net. <br />• A majority (8/18) of the properties are in Wayzata and none are within Navarre. <br />MAXFIELD RESEARCH AND CONSULTING, LLC <br />TABLE 26 <br />SELECTED AVAILABLE OFFICE SPACE <br />OUTSIDE NAVARRE <br />Number of <br />Properties <br />Average <br />Average <br />City <br />Available For Lease <br />Bldg Size <br />Available SF <br />Lease Rates <br />Long Lake <br />3 <br />9,076 <br />610 <br />$13.33 FSG - $20.83 Gross <br />Mound <br />0 <br />N/A <br />N/A <br />N/A <br />Orono <br />3 <br />24,807 <br />3,281 <br />$17.50 Gross - $20.00 NNN <br />Shorewood <br />1 <br />26,036 <br />1,003 <br />$27.61 Gross - $27.64 Gross <br />Spring Park <br />1 <br />142,156 <br />7,112 <br />$10.50 NNN <br />Tonka Bay <br />0 <br />N/A <br />N/A <br />N/A <br />Wayzata <br />18 <br />27,687 <br />5,689 <br />$10.03 Net- $45.00 NNN <br />Sources: Xceligent; Maxfield Research & Consulting, LLC <br />Selected Available Retail Space <br />Table 27 presents retail space that is currently available for lease as of mid-November 2017 in <br />the area outside Navarre including properties in Long Lake, Mound, Orono, Shorewood, Spring <br />Park, Tonka Bay, and Wayzata. A total of 18 properties available for lease were identified. <br />• The selected properties range in lease rate from $12.00 Net to $40.00 Net. <br />• A majority (8/18) of the properties are in Wayzata and none are within Navarre. <br />MAXFIELD RESEARCH AND CONSULTING, LLC <br />