Ferguson Office Building‏

Northside Rental Properties, LLC

J. Steven Ferguson, CPA

Managing Member

800 North Side Drive, Suite 27

Summersville, WV  26651

(304) 872-4841 ext. 106

jsfcpa@frontier.com

Ferguson Office Complex – Northside Development

800 North Side Drive

Summersville, WV  26651

The subject property is a 1.14 acre portion of the North Side Land Corporation tract that was transferred to North Side Construction Company on September 29, 1987.  The deed is recorded in the Nicholas County Clerk’s Office in Deed Book 321 at Page 40.  Subsequently on December 31, 1991 the property was transferred to James H. Ferguson per deed recorded in the Nicholas County Clerk’s Office in Deed Book 343 at Page 201.  Then on December 6, 2011 the property was purchased from James H. Ferguson by Northside Rental Properties, LLC and is recorded in the Nicholas County Clerk’s Office in Deed Book 472 at Page 589-591.  The subject property is assessed in the name of Northside Rental Properties, LLC and is identified in the Summersville Corp. Tax District on Tax Map 32 as Parcel 1.2.  The property is located ABOVE the 100 year flood elevation as shown on Federal Emergency Management Agency Flood Insurance Map for Nicholas County, Community Panel 54067C0250C dated July 4, 2011.  The property is within the City of Summersville corporate limits and is zoned C-3 which allows commercial use of the property.

The subject property is a 50’ by 100’, two story structure containing 5,000 square feet per floor for a total of 10,000 square feet.  The office building was completed in January 1988.  It presently leases to Eckley Orthodontics, 2500 square feet, Marsh Hearing, 2.500 square feet, and Ferguson Services, Inc. 5,000 square feet.  The following is a description of the building and site:

EXTERIOR:

Structure: 8” block with 2” ridged insulation.  The first floor is slab on grade construction and the second floor is concrete over decking and bar joists.

Walls: Brick Veneer

Roof: Steel bar joists with metal decking.  The roof coating is a Brai modified manufacturing by U.S. Intec, Inc.  the roof covering was installed over 1.5” of ploy Iso insulation which gives an R-10 insulation rating.

Gutters: Aluminum gutters and downspouts on the rear of the building

Windows: Aluminum frame insulated

INTERIOR:

                Floors: Carpet with quarry tile in the entrance and ceramic tile in the restrooms

                Walls: Painted drywall with some vinyl wall covering

                Ceilings: Suspended acoustical tile

                Lighting: Recessed fluorescent

HVAC:   

4 separate heat pump units consisting of 10 tons for the upstairs and 8 tons for the lower level

FIRE ESCAPES:  

The stairs are located on the north and south end walls of the building to provide fire escapes from the second level.

PARKING:

Asphalt parking lot for 50+ cars

UTILITIES/SERVICES:      

                Water/Sewage: City of Summersville

                Natural Gas: Dominion Gas

                Electricity: First Energy

                Telephone: Frontier Communications