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Development Opportunity
                                                     Mobile, Alabama


                                                                                                           28+/-
                                                                                                           Acres




The material contained in this Offering Memorandum is confidential, furnished solely for the purpose of considering the acquisition of this Investment Property and
is not to be used for any other purpose or made available to any other person without the express written consent of Prudential Cooper & Co., Inc. The material
 is based in part upon information obtained from the Seller and in part upon information obtained by Prudential Cooper & Co., Inc. from sources they deem to be
 reliable. Summaries contained herein of any legal documents are not intended to be comprehensive statements of the terms of such documents, but rather only
    outlines of some of the principal provisions contained therein. Prospective purchasers should make their own investigations, projections, and conclusions. It is
expected that prospective investors will conduct their own independent due diligence concerning the Property, including such engineering inspections as they deem
 necessary to determine the condition of the Property and the existence or absence of any potentially hazardous material used in the construction or maintenance
     of the building or located at the land site. No representations expressed or implied are made as to the foregoing matters by Prudential Cooper & Co., Inc.
Prudential Cooper & Co., Inc., as Exclusive
Agent, is pleased to present the following
Development Opportunity for sale. The
following pages contain the information
needed for the sale of this property, and we
encourage you to contact us to discuss it in
more detail.
   Parcel        Property          Frontage        Sq Ft +/- Price Per Acre Price per square              Price
                                                    Usable *                      foot


      A        16 Acres            850’ +/-                         Pending           Pending            Pending
               +/-

     B*        11.52               450 +/-             8.8        $173,611.11           $3.99          $2,000,000



                                                   Angela McArthur
                                                   Senior Sales Associate
                                                   Retail Investment Sales
                                                   (251) 639-4007 OFC
                                                   (251) 300-3377 Direct Line
                                                   (251) 591-3168 Cell
                                                    Angiemcarthur@Prucooper.com
                                                    Tony Cooper, CCIM
                                                    Vice-President
                                                    Qualifying Broker
                                                    (251) 639-4007 OFC
                                                    (251) 300-3371 Direct Line
                                                    (251) 422-8666 Cell
                                                    Tonycooper@Prucooper.com



* Area contains a floodway consisting of 3.63 acres, area lying outside of the floodway consist of 5.00 acres ac-
cording to a study conducted by Rester and Coleman Engineers, Inc. without enclosing the floodway. According
to their calculations after containing the floodway a net gain of 1.93+/- can be achieved. All reports are available
and are subject to verification and review by buyer at buyers risk.
Mobile, Al.      THE OPPORTUNITY

    Mixed use development opportunity on Airport Blvd.

    Total Size:            11.52 +/- Acres

       LOCATION
         North side of Airport Blvd. just East of Schillinger Rd.

   DEVELOPMENT HIGHLIGHTS

           450 +/- FF on Airport
           Last large development site remaining on Airport Blvd.
           Strong Location on a major thoroughfare near a signalized intersection
             with excellent visibility and access.
           33,000 +/- CPD
           103,526 Est. Pop—5 Mile
           $70,675 Ave. HH Inc.—5 Mile
           Site is poised for Development

Utilities:     Natural Gas—8 in Main
               Water—12 in Main
               Sewer—8 in located to the front of the property

     Challenged by a floodway dividing the property in two parcels, previous
engineering and reporting has identified the following solution to development.
      Development can be divided into 2 parcels:
            Parcel B—Ideal for multi-family or business park
            Parcel A-Ideal for Large Retail
ZONING— Property is located in the city
and is zoned B3
Community business districts- These districts are composed of land and structures used to furnish, in addition to the
retail goods and services found in neighborhood business districts, such less frequently needed goods as clothing and
automobiles--the wider range of retail goods and services to satisfy all the household and personal needs of the resi-
dents of a group or community of neighborhoods. Light or heavy distribution uses may be allowed. Usually located on
a thoroughfare or near the intersection of two (2) thoroughfares, these districts are large and are within convenient driv-
ing distance of the group of neighborhoods they will serve. The district regulations are designed to permit the develop-
ment of the districts for their purpose in a spacious arrangement.




                                                                 Pending
                                 Parcel B                    Parcel A
Parcel B




                                                                        450’
 Consisting of 11.52 Acres with 8.8
 Acres usable, site work will leave
 approximately 7.8 acres develop-
 able. Boasting 450 +/- Front Feet
 this land is poised for development
 in rapidly growing West Mobile.

 The natural environment created by
 the wetlands in the back can be
 utilized effectively as walking
 paths and amenities for a multi-
 living development or as retention
 in a business development.

 Out-parcel availability will boost
                                                  1,246’ +/-




 frontage usage as leased property.




                                                                 450’




                           Angela McArthur                     Tony Cooper, CCIM
                           Senior Sales Associate              Vice-President
                           Retail Investment Sales             Qualifying Broker
                           (251) 639-4007 OFC                  (251) 639-4007 OFC
                           (251) 300-3377 Direct Line          (251) 300-3371 Direct Line
                           (251) 591-3168 Cell                 (251) 422-8666 Cell
                            Angiemcarthur@Prucooper.com        Tonycooper@Prucooper.com
Parcel A


                                                                    980’



 Consisting of 17.9 Acres +/- with




                                                                                     661’
                                                             ng
 16.1 Acres +/- usable, site work
 will leave approximately 14.1
                                                          di
                                                       en
 acres /- developable. Boasting 980
 +/- Front Feet this land is poised
 for development in rapidly growing
                                                     P
 retail corridor.

 With an estimated 123,000 sq. ft. of                           +/-
                                                            900
 site coverage and above average
 rents of $17—$22 per square foot,
 this land is last parcel of size avail-
 able on Airport Blvd.                                          C   PD
                                                             00
                                                        3 3,0
 Out-parcel availability will boost
 frontage usage as leased property.




                                                      Demographics
                                            Radius Est. ‘07 Pop. Avg. HH Inc.

                                            1 Mile       4,406             $73,033

                                            3 Miles     38,104             $67,880

                                            5 Miles     103,526            $70,675

                            Angela McArthur                Tony Cooper, CCIM
                            Senior Sales Associate         Vice-President
                            Retail Investment Sales        Qualifying Broker
                            (251) 639-4007 OFC             (251) 639-4007 OFC
                            (251) 300-3377 Direct Line     (251) 300-3371 Direct Line
                            (251) 591-3168 Cell            (251) 422-8666 Cell
                             Angiemcarthur@Prucooper.com   Tonycooper@Prucooper.com
Location Map
     Property is located in the
City of Mobile on
Airport Blvd. West of the Inter-
state in the rapidly growing
“West Mobile” submarket.



5.85 Miles to I-65

9.59 Miles to I-10 via
Schillinger Rd.
3.6 AC +/-
Parcel B




                        Parcel A




    TOPOGRAPHY MAP
AERIAL

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11.52 acres Retail Land Available in Mobile, Al.

  • 1. Development Opportunity Mobile, Alabama 28+/- Acres The material contained in this Offering Memorandum is confidential, furnished solely for the purpose of considering the acquisition of this Investment Property and is not to be used for any other purpose or made available to any other person without the express written consent of Prudential Cooper & Co., Inc. The material is based in part upon information obtained from the Seller and in part upon information obtained by Prudential Cooper & Co., Inc. from sources they deem to be reliable. Summaries contained herein of any legal documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective investors will conduct their own independent due diligence concerning the Property, including such engineering inspections as they deem necessary to determine the condition of the Property and the existence or absence of any potentially hazardous material used in the construction or maintenance of the building or located at the land site. No representations expressed or implied are made as to the foregoing matters by Prudential Cooper & Co., Inc.
  • 2. Prudential Cooper & Co., Inc., as Exclusive Agent, is pleased to present the following Development Opportunity for sale. The following pages contain the information needed for the sale of this property, and we encourage you to contact us to discuss it in more detail. Parcel Property Frontage Sq Ft +/- Price Per Acre Price per square Price Usable * foot A 16 Acres 850’ +/- Pending Pending Pending +/- B* 11.52 450 +/- 8.8 $173,611.11 $3.99 $2,000,000 Angela McArthur Senior Sales Associate Retail Investment Sales (251) 639-4007 OFC (251) 300-3377 Direct Line (251) 591-3168 Cell Angiemcarthur@Prucooper.com Tony Cooper, CCIM Vice-President Qualifying Broker (251) 639-4007 OFC (251) 300-3371 Direct Line (251) 422-8666 Cell Tonycooper@Prucooper.com * Area contains a floodway consisting of 3.63 acres, area lying outside of the floodway consist of 5.00 acres ac- cording to a study conducted by Rester and Coleman Engineers, Inc. without enclosing the floodway. According to their calculations after containing the floodway a net gain of 1.93+/- can be achieved. All reports are available and are subject to verification and review by buyer at buyers risk.
  • 3. Mobile, Al. THE OPPORTUNITY Mixed use development opportunity on Airport Blvd. Total Size: 11.52 +/- Acres LOCATION North side of Airport Blvd. just East of Schillinger Rd. DEVELOPMENT HIGHLIGHTS  450 +/- FF on Airport  Last large development site remaining on Airport Blvd.  Strong Location on a major thoroughfare near a signalized intersection with excellent visibility and access.  33,000 +/- CPD  103,526 Est. Pop—5 Mile  $70,675 Ave. HH Inc.—5 Mile  Site is poised for Development Utilities: Natural Gas—8 in Main Water—12 in Main Sewer—8 in located to the front of the property Challenged by a floodway dividing the property in two parcels, previous engineering and reporting has identified the following solution to development.  Development can be divided into 2 parcels:  Parcel B—Ideal for multi-family or business park  Parcel A-Ideal for Large Retail
  • 4. ZONING— Property is located in the city and is zoned B3 Community business districts- These districts are composed of land and structures used to furnish, in addition to the retail goods and services found in neighborhood business districts, such less frequently needed goods as clothing and automobiles--the wider range of retail goods and services to satisfy all the household and personal needs of the resi- dents of a group or community of neighborhoods. Light or heavy distribution uses may be allowed. Usually located on a thoroughfare or near the intersection of two (2) thoroughfares, these districts are large and are within convenient driv- ing distance of the group of neighborhoods they will serve. The district regulations are designed to permit the develop- ment of the districts for their purpose in a spacious arrangement. Pending Parcel B Parcel A
  • 5. Parcel B 450’ Consisting of 11.52 Acres with 8.8 Acres usable, site work will leave approximately 7.8 acres develop- able. Boasting 450 +/- Front Feet this land is poised for development in rapidly growing West Mobile. The natural environment created by the wetlands in the back can be utilized effectively as walking paths and amenities for a multi- living development or as retention in a business development. Out-parcel availability will boost 1,246’ +/- frontage usage as leased property. 450’ Angela McArthur Tony Cooper, CCIM Senior Sales Associate Vice-President Retail Investment Sales Qualifying Broker (251) 639-4007 OFC (251) 639-4007 OFC (251) 300-3377 Direct Line (251) 300-3371 Direct Line (251) 591-3168 Cell (251) 422-8666 Cell Angiemcarthur@Prucooper.com Tonycooper@Prucooper.com
  • 6. Parcel A 980’ Consisting of 17.9 Acres +/- with 661’ ng 16.1 Acres +/- usable, site work will leave approximately 14.1 di en acres /- developable. Boasting 980 +/- Front Feet this land is poised for development in rapidly growing P retail corridor. With an estimated 123,000 sq. ft. of +/- 900 site coverage and above average rents of $17—$22 per square foot, this land is last parcel of size avail- able on Airport Blvd. C PD 00 3 3,0 Out-parcel availability will boost frontage usage as leased property. Demographics Radius Est. ‘07 Pop. Avg. HH Inc. 1 Mile 4,406 $73,033 3 Miles 38,104 $67,880 5 Miles 103,526 $70,675 Angela McArthur Tony Cooper, CCIM Senior Sales Associate Vice-President Retail Investment Sales Qualifying Broker (251) 639-4007 OFC (251) 639-4007 OFC (251) 300-3377 Direct Line (251) 300-3371 Direct Line (251) 591-3168 Cell (251) 422-8666 Cell Angiemcarthur@Prucooper.com Tonycooper@Prucooper.com
  • 7. Location Map Property is located in the City of Mobile on Airport Blvd. West of the Inter- state in the rapidly growing “West Mobile” submarket. 5.85 Miles to I-65 9.59 Miles to I-10 via Schillinger Rd.
  • 8. 3.6 AC +/- Parcel B Parcel A TOPOGRAPHY MAP