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Lease Comps Details <br />Lease Comps Report <br />333 High St NE <br />5 <br />Salem, OR 97301 - Marion County Submarket <br />TENANT <br />Tenant Name:Portland State University-PSU Salem Center <br />Industry:Public Administration <br />LEASERENTS <br />SF Leased:3,333 SFAsking Rent:$21.00/FS <br />Sign Date:Jul 2017Starting Rent:$13.92/FS <br />Space Use:OfficeEffective Rent:$13.92/FS <br />Lease Type:Direct <br />Floor:1st Floor <br />CONCESSIONS AND BUILDOUT <br />Suite:102 <br />Asking Discount:33.71% <br />LEASE TERM <br />PROPERTY EXPENSES <br />Start Date:Aug 2017 <br />Taxes:$1.57/SF (2019) <br />Expiration Date:Aug 2020 <br />Operating Exp.:$6.79/SF (2010) <br />Lease Term:3 Years <br />TIME ON MARKETTIME VACANT <br />Date On Market:Mar 2017Date Vacated:Mar 2016 <br />Date Off Market:Jul 2017Date Occupied:Aug 2017 <br />MARKET AT LEASE <br />Months on Market:4 MonthsMonths Vacant:17 Months <br />Vacancy Rates2017 Q3YOY <br />LEASING REPTENANT REP <br />Current Building30.2%-5.3% <br />1st Premier Properties, LLC1st Premier Properties, LLC <br />Submarket 1-3 Star6.3%-0.6% <br />3950 Fairview Industrial Dr SE, Suite 2403950 Fairview Industrial Dr SE, Suite 240 <br />Market Overall6.0%-0.5% <br />Salem, OR 97302-1166Salem, OR 97302-1166 <br />Same Store Asking Rent/SF2017 Q3YOY <br />Elaine Gesik (503) 586-7402Elaine Gesik (503) 586-7402 <br />Current Building$21.000.0% <br />Submarket 1-3 Star$18.5510.8% <br />PROPERTY <br />Market Overall$18.8110.2% <br />Property Type:OfficeRentable Area:16,545 SF <br />Status:Built 1965Stories:3 <br />Submarket Leasing Activity2017 Q3YOY <br />Tenancy:MultiFloor Size:5,400 SF <br />12 Mo. Leased SF238,983-30.7% <br />Class:BVacancy at Lease:30.2% <br />Months On Market8.2-7.3 <br />Construction:MasonryLand Acres:0.52 <br />Parking:Ratio of 1.57/1,000 SF <br />12/7/2020 <br />Copyrighted report licensed to MountainSeed Real Estate Services, LLC - <br />388813 <br />Page 5 <br /> <br />