Grubb & Ellis Commercial Florida is pleased to present an invitation to submit offers to purchase the Orlando-Orange County Expressway Authority’s Surplus Properties:

This document constitutes an invitation to submit offers to purchase and does not constitute an offer to sell any property. All sales are subject to execution and Authority Board approval of a written contract materially in the Authority’s standard form, which is attached to this brochure. The Authority reserves the right to negotiate modifications to any offer that it deems acceptable, to reject any or all offers, to request and consider additional information from any submitter, and to waive minor irregularities and technical defects. The Authority reserves the right to seek new offers when it determines that it is in its best interest to do so. The Authority also reserves the right not to pursue sales of any specific properties identified herein.

Sealed offers for any property contained herein must be in writing and submitted by the proposed buyer or principal thereof, and shall provide the name, address and telephone number of the prospective buyer. Envelopes should be addressed to attention Aneth Williams, Procurement Manager of the Orlando-Orange County Expressway Authority, 525 South Magnolia Avenue, Orlando, Florida 32801-4414, and clearly marked as “Sealed Offer for Surplus Property.” The deadline for submission of offers for any property listed in this document is 5:00 p.m. (Eastern Time), June 29, 2007. Offers received after that deadline or which do not comply with the terms set forth herein shall not be considered. All offers shall be opened by 12:00 Noon the following business day. Once offers are opened, they may not be revoked. The Authority shall notify each party submitting an offer of its response to such offers by July 16, 2007. Upon Authority’s notice of acceptance of an offer, the potential buyer shall be required within five (5) business days after such notice to deposit at least ten percent (10%) of the purchase price in an escrow account designated by the Authority, which must be in the form of a cashier’s check, money order or other non-cancelable instrument (the “Deposit”). The Deposit shall be refundable only in the event the Authority does not proceed to executed and/or close on a contract for sale of the subject property. Full payment of the purchase price shall be made to the Authority at closing in either a cashier’s check, money order, or other non-cancelable instruments.

All potential buyers are notified the Authority is a public agency and is subject to Chapter 119, Florida Statutes, regarding the disclosure of public records. Pursuant to Section 119.071(1)(b), Florida Statutes, sealed bids or proposals received by the Authority pursuant to invitations to bid or requests for proposals, are exempt from public disclosure only for the ten (10) day period following the bid or proposal opening. Once the ten (10) day period has passed, all bids or proposals received by the Authority shall be made available to the public for inspection and copying in accordance with Chapter 119, Florida Statutes. Any language in a bid or proposal attempting to keep all or part of such bid or proposal confidential is of no force and effect and will be disregarded as contrary to Florida law.

Except to the extent waived by the Authority’s Board, all sales of any properties described in this document are subject to the compliance with Rule 4-1 of the Authority’s Permanent Policies and Rules, which sets forth the Authority’s Policy Regarding the Disposition of Excess Lands (referred to herein as the “Policy”). A complete copy of the Policy is available from the Authority upon request

As a condition precedent to the Authority’s obligation to sell any property listed herein, offers to purchase such property will be subject to an appraisal by an appraiser selected by the Authority to confirm that the offer is a reasonable market offer. The cost of the appraisal review shall be a closing cost borne by the party purchasing such property.

Any properties sold by the Authority will be conveyed and accepted by Buyer in “AS IS” and “WHERE IS” condition. Neither the Authority nor any of its board members, officers, employees, agents, representatives makes any warranty, representation, guarantee or opinion, written or oral, express or implied, about or concerning any of the properties, the physical condition of the properties, the zoning or land use thereof, the suitability thereof for any use or purpose, or any similar matter. Any or all of the properties may abut the Authority’s adjoining property or right of way and no conveyance shall grant any right of access, or any right of air, light or view to, from, or across the Authority’s property or right of way.

1.     Parcel 62-125

        Location: Palm Drive and SR 429

        Size: +/-3 Acres

2.     Parcels 62-157, 62-171, 62-172

        Location: On West Road, running alongside SR 429, east of Ocoee Apopka Rd.

        Size: Various

3.     Parcel 63-101

        Location: On W McCormick Road, east of Ocoee Apopka Rd., running alongside the west side of SR 429

        Size: +/-12.5 Acres

        This site fronts the south side of W. McCormick Road and is on the west side of SR 429.

4.     Parcel C-125

        Location: Corner of Windermere Road and Warrior Road

        Size: +/- 15.5 Acres.

5.     Parcel 61-132

        Location: Running alongside the Florida Turnpike, south of West Colonial Dr.; No access

        Size: +/-4.5 Acres

6.     Parcel C-108

        Location: On the east side of Stoney Brook West Pkwy.

        Size: +/-6.4 Acres

7.     Parcel C-209

        Location: On the southeast corner of CR 545 and Old YMCA Rd.

        Size: +/-84.9 Acres

8.     Parcel 228

        Location: On Tiny Road, just south of the intersection with Tilden Road

        Size: +/-15 Acres

For more information, please go to http://www.commercialfl.com/prop_list_orl_land.htm or contact David G. Calcanis at (407)481-5406.