Real Estate Transactions: Washington Scientific Industries

Property: Washington Scientific Industries, Inc.

Buyer: DRB#8, LLC

Seller: WSI

Source: Buyer, Seller

Sale Date: May 11, 2001

Sale Price: $2,400,000

Unit Price: $13.63 per square foot

Net Rentable Area: 176,127 square feet

Gross Building Area: 176,127 square feet

Zoning: I, Industrial

Utilities: All available

Topography and Soil: Level, see remarks

Visibility and Access: Good

Age: 1952, 1957, 1966, 1967, 1969 and 1988

Land Size: 1,077,674 square feet or 24.74 acres

Remarks: Property was purchased for occupancy by Surmodics, a medical products manufacturer. Purchase price was affected by the existence of groundwater and soil contamination; the buyer assumed responsibility for all clean-up costs. Subsequent to the sale, the environmental problems were found to be less severe than originally assumed.

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