439 S 4th Street Globe, AZ 85501

This property consists of 3 buildings one was the library. This building has been remodeled. The second one was built in 1945. The other building was built in 1906 and is the oldest school building in Globe and has not been used for school purposes since 2009. Each building is constructed with poured concrete, foam-covered roofs, and formerly an East Globe Elementary school. These structures are located on a rectangular-shaped full city block, with this entire perimeter covered with 6-foot chain-link metal fencing. The first building has 3 floors each measuring some 5,000 SF. THE FRONT BUILDING faces on U.S. 60 which is named ''Ash Avenue'' as it runs through Globe, AZ and has a total of 15,000 SF. The first floor currently contains administrative offices for an (a) Student Reception area, (b) A School Principal & (c) A School Nurse. These offices are

served by a central air conditioning/heating unit and on the same first floor of the building, there are five large classrooms that have an evaporative cooling system with forced air heat. Additionally, there are both men's and women's bathrooms on the ground floor here, along with blackboards and other school accessories in each classroom. Further, all three floors of this building have tile flooring in the rooms and polished cement in the outside hallways. THE SECOND FLOOR in this front building contains a total of 6 classrooms. The third floor has three large rooms, all three of these floors each containing 5,000 SF of space.

There are several important security features in this front building. First, there are large chain-link gates on the first floor to enter the building from two sides. Further, chain-link fencing extends above all floor banisters, so no student climbing could provide access. Finally, since this building has been continuously used through December 2015 as a school facility, it is fully improved with Wi-Fi access and other accessory features that are all up-to-date.

REAR BUILDING - There are 2 floors to this structure, each containing 5,000 sf. On the first floor are five classrooms and approximately 75% of all the openings in this building have been refitted, with new vintage-type, appropriate sized & double-paneled, metal-clad windows. Hardwood flooring exists throughout this structure and there are two 1/2 unisex restrooms in this building along with two very large men's and women's bathrooms with plumbing piping but no toilets, shower fixtures, or washbasins.

SPECIAL FEATURES:

1. Changeable building signate-property front.

2. Regulation Tennis Court.

3. On-site recess areas/3 basketball areas.

4. Boiler, hot water heating system replaced in the rear building, circa

2008, at a cost (rounded) $100,000 for radiator-type heat in

building.

5. Full fire sprinkler system in the rear building.

6. Separate building, which was a former school library, of

(rounded) 2,000 SF, which included central air conditioning/heating

system and two restrooms.

7. Electrical/gas systems in both buildings are code compliant

except for certain short gas plumbing needs in the rear building.

8. Two additional large bathrooms in the rear building contains

plumbing/all fixtures here (toilets, sinks, showers) that need to be

replaced; 2 1/2 fully equipped restrooms currently existing.

9. On-site parking: 12 spaces in front of building/ 20 spaces in rear

and side of the site.

SPECIAL NOTE ON VALUE ADD OPPORTUNITY

It is recognized that the rear right-hand section of these premises contains a piece of vacant land of (rounded) one-half acre. This space could accommodate 20 newly-constructed one-bedroom apartments for seniors. Also, parking spaces for this building could also be conveniently placed here. If it was decided to pursue full-service senior housing on this campus, this would be the only facility in the City of Globe to offer such accommodations. Combining (a) this new facility and (b) the existing rear two-story building into both a "lifelong learning" facility and kitchen quarters, would allow a needed service to be available in this town. Finally, this type of program should add a significant revenue stream to the ownership of these premises.