GLP Park 121_Presentation_February 2019

TAX ANALYSIS

GLP PARK 121

FIRST PARK 121 - BLDG D

LAKESIDE RANCH 21

VALWOOD CORPORATE CENTER RAYZOR RANCH INDUSTRIAL MCKINNEY FIVE INDUSTRIAL PARK

SH 121 & Memorial Drive

2150 Midway Rd

Lakeside Pky & Garden Ridge Rd

1625 Hutton Dr

SW of I-35 & US 380

3827 N McDonald St

Building Name

The Colony, TX

Lewisville

Flower Mound

Carrollton

Denton

McKinney

*Assumed RP Value $45 psf

*Assumed RP Value $45 psf

*Assumed RP Value $45 psf

*Assumed RP Value $45 psf

*Assumed RP Value $45 psf

*Assumed RP Value $45 psf

Property Owner

GLP

First Industrial

Duke

Prologis

Rayzor Family / Multiple Developers TEXAS Commercial Development

Total Building SF

400,000

256,880

256,880

236,550

400,000

399,600

County

Denton

Denton

Denton

Dallas

Denton

Collin

City

The Colony

Lewisville

Flower Mound

Carrollton

Denton

McKinney

School District

Lewisville ISD

Lewisville ISD

Lewisville ISD

Carrollton Farmers Branch ISD

Denton ISD

McKinney ISD

Special Districts

N/A

N/A

N/A

Valwood Improvement

N/A

N/A

County Tax Rate

0.2256

0.2256

0.2256

0.6565

0.2256

0.2620

City Tax Rate

0.6625

0.4361

0.4390

0.5950

0.6205

0.5252

ISD Tax Rate

1.4075

1.4075

1.4075

1.3700

1.5400

1.5900

Special Districts

N/A

N/A

N/A

0.2000

N/A

N/A

Combined Tax Rate

2.295574

2.069160

2.072074

2.821470

2.386051

2.377177

Real Estate Value

$18,000,000

$11,559,600

$11,559,600

$10,644,750

$18,000,000

$17,982,000

Real Property Tax

$413,203

$239,187

$239,523

$300,338

$429,489

$427,464

Real Property Tax PSF

$1.03

$0.93

$0.93

$1.27

$1.07

$1.07

*Assumed Constants

CUSHMAN & WAKEFIELD 24