Investment Highlights

> Fully leased through July 2025

> Two floors totaling 31,294 SF

> Modified Net lease

> Annually increasing rent

> Over $750,000 in significant renovations paid by tenant

> Location benefits from proximity to Cleveland State University, CBD, the Avenue District, and public transportation

> 400+ new apartment units planned in the immediate surrounding area in the next year

COLLIERS INTERNATIONAL200 Public Square, Suite 2005Cleveland, OH 44114

FOR SALE > chARtER SchOOL FAciLity

Charter School Anchored Building1701 East 13th St., Cleveland, OH 44114

LAKE ERIE

90

90

77

77

80

80

90

80

71

71

480

90

480

271

271

8090

480

71

2742

2742

2720

27224 76277

76

77

2642

2648

27422

2642

CBDCLEVELAND

North Olmsted

Elyria

Lorain

Medina

Brunswick

Strongsville

Parma

Akron

Cuyohoga Falls

Aurora

Chagrin Falls

Cleveland Heights

Wellington

Garfield Heights

Grafton

Oberlin

Ravenna

North Royalton

Wadsworth

Middlefield

Mentor

Lakewood

The information contained herein has been obtained from sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. A Copyright by Colliers International 2013. This flier may be reproduced only in its entirety, without modification or deletion.

COLLIERS INTERNATIONAL200 Public Square, Suite 2005Cleveland, OH 44114

www.colliers.com/ohio

Contact Us

THOMAS GUSTAFSON

216 239 5071

thomas.gustafson@colliers.com

ABrAM SCHWArz

216 239 5072

abram.schwarz@colliers.com

Investment Summary

Property Address 1701 East 13th St.

City Cleveland

State, zip Ohio, 44114

County Cuyahoga

Parcel Number 102-22-030A

Year Built 1976

Anchor Tenant Promise Academy

Total Bldg. SF 31,294

Lease Type Modified Net

Lease Term Through July 2025

Starting Anchor Tenant Base rent $271,000 with significant escalations over the term

Anchor Tenant rent Growth

See attached sheet, after signed confidentiality agreement

Floor Plan

* Cleveland has the largest number of charter school students in the State of Ohio – 15,879 in the 2012-13 school year.

* The funding for public charter students and open enrollment students comes entirely from state funds.

* If the amount of local funds is not enough to ensure minimum adequacy, the state subsidizes the district in an amount that is inversely proportional to the amount of local funds available.

-Ohio Alliance for Public Charter Schools