Construction of the Scottsdale Seville Project was completed in 1990 and has been
maintained to institutional standards over the ensuing years. The buildings are wood-frame over concrete slab, and built on a site area of 9.7 acres. There are
approximately 350 parking spaces on-site. The property has four one-story buildings and one two-story building comprising the retail improvements. It was
most recently renovated in 2003-2004 when the owners reported investing approximately $2,000,000 in exterior paint, signage, canopies, trees, asphalt and
lighting. Third party inspection reports indicate that the property is in overall good condition, with tenant improvements of above-average quality.
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