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APPENDIX F <br /> Miscellaneous—Listing Agent Letter <br /> M—m P65 4' Ru.i a3sv 5&�K R-A SLMO 4E'F: W95269? rfL�j <br /> Wrnel x*,MN 55343 •'452 897 7704 <br /> www.(A11VP:rnn r <br /> 7,1 2[116 <br /> Patrick J Brama <br /> City of Ramsey <br /> Economic Development Manager <br /> 7550 Sunwood Drive NW <br /> Ramsey,MN 55303 <br /> RE;6401 Highway 10,Ramsey,MIS MOM <br /> Patrick, <br /> Colliers International is pleased to present a 1.64 acre former Shell Lias station to the market 1n its <br /> current condition.the subject property is a closed 3,9100 Sl'building with a 4,683 SF carwash <br /> totaling 8,583 SF.The property has a modern layout with a retail sales area that allows for the sale ol" <br /> many fond and beverage products,as well as the ability to house nvo express serve fast food <br /> restaurants. <br /> Our asking price for the property is 5695,ODO.In 2015,Calhoun Companies listed the property for <br /> S1,445,(X)0_Ownership has given clear direction the property must be sold in 2016,The price <br /> redaction has increased our marketability and overall reach to prospective buyers_ <br /> This property Is ready for private sector investment.With the agoressive Iisting price,a real estate <br /> investor can buy the property.add Cap Ex,and be ready to lease_,r_3,900 SF of retail space at <br /> aggressive lease rates.Due to the investor's low basis in the property,he/she should be able to <br /> quickly add nct operating income to this closed gas station. <br /> By selling this property back to the private sector now.the cost for the State to repurchase in the <br /> future,Yiil be substantially Higher than$695,0W.Not only will the State Itave to relocate the tenants. <br /> but they will also be required to purchase the property ba9etioil the aacosne being gi:neratesi This <br /> will raise the price signiftcanfy compared w the price at which the property is cnrrentiv being <br /> marketed. <br /> Thank yoti for ynur consideration. <br /> Sincerely, <br /> gate llansctr <br /> Colliers International <br /> 952-374-5856 <br /> Nate.Hansen(Colliers.cnni <br />