492 blackwell road warrenton, va -...

OfferingMemorandum

492 Blackwell RoadWarrenton, VA

Long & FosterSale Leaseback

Lance LJ MarineSenior Vice President+1 703 905 [email protected]

Michael ZachariaSenior Vice President+1 703 905 [email protected]

CBRE | 1861 International Drive | Suite 300 | McLean, Virginia 22102 | +1 703 821 6900

contact

Affiliated Business Disclosure

CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum. The parties agree and acknowledge seller hereby discloses that salespersons within CBRE, Inc. are partners and/or principals with seller.

Confidentiality Agreement

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.


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Executive Summary

CBRE is pleased to present the opportunity to purchase 492 Blackwell Road, a site consisting of .76 acres of land and 16,165 square feet

of improvements with direct access to Lee Highway in Warrenton, Virginia.

492 Blackwell Road is ideally located in an affluent trade area with 18,263 people with an average annual household income of $111,400

living within three miles and 26,367 people with an average household income of $117,366 living within five miles. The site is within

walking distance of a variety of national and regional tenants including Harris Teeter, Chipotle, Staples, Safeway, Sears, Starbucks, and

Giant. Additionally, this high growth location has a 5% population increase forecasted over the next five years in both a three and five mile

radius of the site.

Located within the Washington DC Metro area, 492 Blackwell Road is located just 35 minutes from Dulles International Airport and an hour

drive from Washington, DC.


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Table of Contents

Executive Summary .....................3

The Property

Site Plan ...................................................6

Tenant Overview .......................................8

The Market

DC Market Summary ..............................10

DC Metro Area Map ...............................11

Warrenton Market Summary ....................12

Warrenton Aerial & Demographics ...........13

Property Aerial ........................................14

Appendix

Demographic Brief ..................................18


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8,483 Total SF


6

First Floor Site Plan

Long & Foster


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Second Floor Site Plan

1,496 SF

4,462 SF

1,724 SF

RGS

Long & Foster

Mindwrap


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Tenant Overview

LONG & FOSTER is the largest independently owned residential real estate company in the nation.

The Long & Foster Warrenton office is strategically located at 492 Blackwell Road in Warrenton, VA,

centralized within major thoroughfares and Northern Virginia residential communities. The business

location is adjacent to historic downtown, seconds from Business Route 29, and minutes from major

thoroughfares of 211, 17, and US-66. It is easily accessible and centralized for its agents. Long &

Foster is a regional leader in (residential) real estate brokerage. At the Warrenton office, Long &

Foster REALTORS® serves the entire Northern Virginia and Washington, DC Metropolitan markets.

In Virginia, DC, and Maryland, counties serviced by the Warrenton office

includes Culpeper, Fauquier, Prince William, Rappahannock, Manassas

City, Arlington, Clarke, Fairfax, Frederick, Loudoun, Madison, Orange,

Page, Spotsylvania, Stafford, Warren, Alexandria City, Fairfax City, Falls

Church City, Frederickburg City, Manassas Park City, Winchester City,

Greene, Washington, Shenandoah, Washington DC, Baltimore, Howard,

Montgomery, Baltimore City, Essex, King George, Louisa, Chesterfield,

Allegany, Carroll, and Garrett.


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MINDWRAP, INC. is a softwaredevelopment company with a richheritage in providing solutions that harness more than 70% of a company’s information. Mindwrap’s flagship

product, Optix, is a highly-scalable application that allows users to rapidly deploy hybrid solutions that unite legacy, paper-based, and pure digital information for competitive advantage. It allows users to capture, store, organize, share, and easily use computer files of any type, scanned paper documents and images, and even audio and video content. More importantly, Optix empowers its user by providing a fast and easy way to find and retrieve documents whenever and wherever they are needed.

RGS TITLE LLC was founded in 1988 with one small office located in Oakton, Virginia. From the very beginning we have always strived to exceed our clients’ needs and expectations and have never forgotten the fundamental business philosophies of truly exceptional customer service, innovative marketing strategies and employee recognition.

Growing from one small office to full service branch locations throughout Virginia, Maryland and the District of Columbia, RGS Title is proud of the achievements built over the last 21 years and remains committed to the highest level of service which has always been the foundation of our success.

RGS TITLE subleases from Long & Foster on the second floor.

Tenant Overview


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Washington, D.C. Market Summary

The Greater Washington region includes the jurisdictions of Washington, DC, Northern Virginia and Suburban Maryland with a population of approximately 6.3 million people. The region has remained one of the best-performing economies in the US and is positioned to prosper in the years ahead. This is largely helped by being one of the most dynamic economies in the US. The Greater Washington region has gained more than 275,000 jobs from 2001 through 2011, which is the greatest number of any metropolitan region in the country and has maintained unemployment rates consistently below the US average.

According to the Dow Jones & Co.’s MarketWatch: “An ability to be resilient in tough times, aided by its proximity to the world’s most powerful government helped vault [Greater] Washington, DC to the top of MarketWatch’s list of US ‘Best Cities for Business’.”

» #1 in the US, for having the most highly educated workforce with 22% of theresidents in the region having a graduate or professional degree and 48%having a bachelor’s degree

» #2 in US in job growth of Professional & Business services jobs over the lastdecade

» #2 among major metropolitan regional areas for female executives and nearly47% of women having a bachelor’s or advanced degree, 18% higher than thenational average

» #1 for growth in Gross Regional Product and in overall Per Capita Gross RegionalProduct against other major metropolitan areas; outperforming all other majorregions according to the Brookings Institution

» #1 in federal government procurement

» #1 real estate market for three consecutive years according to the Urban LandInstitute’s Emerging Trends in Real Estate report

» #1 in the US in median household income at $86,680, 20% higher than anyother major metropolitan region

» #1 on the Inc.’s 500 fastest-growing private businesses than any other region inthe country – for the past 15 consecutive years

» Home to 20 Fortune 500 company headquarters including 5 major corporateheadquarter relocations since 2008 – CSC, Volkswagon Group of America,Hilton Worldwide, SAIC and Northrop Grumman

» The only metropolitan region in the US with three world-class airports: Washington Dulles International Airport (IAD), Baltimore/Washington International ThurgoodMarshall Airport (BWI) and Ronald Reagan Washington National Airport (DCA)

» 234,000 acres of parkland and more than 800 miles of bikeways in addition to80 theatre companies, The Smithsonian Institution with more than 15 museumsand the National Zoo

(Source: Greater Washington Board of Trade 2011 and 2013 Regional Report)

492 Blackwell Road


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D.C. Metro Area Aerial


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Conveniently located only 35 minutes from Dulles International Airport and within an hour’s drive from world class cultural centers, restaurants and fashionable retail areas of Washington, D.C. and its suburbs, the Town of Warrenton offers a business location and quality of life of unsurpassed beauty and opportunity in the heart of Virginia’s famed horse country.

A favorite Warrenton landmark is a statue of Chief Justice John Marshall which was erected in 1959 during Fauquier County’s Bicentennial Celebration. The statue is located on Main Street to the left of the Old Courthouse. A Fauquier County native, Justice Marshall began his law practice in Warrenton. After the Civil War, Warrenton came to be known throughout the nation for its galaxy of brilliant lawyers who practiced at its bar and as a mecca for horse lovers. In 1883 the Warrenton Hunt was established and in 1900 the Warrenton Horse Show, which has achieved national fame as the “Hunter Show of America,” began. In 1922 the first Virginia Gold Cup Race was run. Other hunts, such as the Casanova and Old Dominion, are located within a few miles of the town.

The quaintness, tradition and charm of bygone eras are apparent along Old Town Warrenton streets lined with historic houses and brick sidewalks. Townsfolk gather on the steps of the post office or at a coffee shop to pass the time of day, perhaps pausing to listen as the old courthouse clock strikes the hour.

Old Town Warrenton was recently named one of the Prettiest Painted Places in America by the Paint Quality Institute.

Warrenton, Virginia Market Summary

WarrentonVillage Center

Oak SpringsShopping Center

492 Blackwell Road

Starbucks

E Lee Highway28,850 VPD

W Lee Highway

29,297 VPD

Bla

ckw

ell R

oad

8,2

62 V

PD

Walker Driv

e

Demographics3

miles10

miles5

miles

Avg Household Income

$111,400 $117,366 $122,940

18,263 26,367 56,807

Population

Daytime Population

13,041 14,520 23,333


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Warrenton, Virginia Market Aerial & Demographics

E Lee Highway28,850 VPD

Blackwell Road

8,262 VPD

492 Blackwell Road


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15

Interior Photos- 1st FloorEntryway/Lobby


16

Interior Photos- 1st FloorLong & Foster Reception Area


17

Interior Photos- 2nd FloorVacant Reception Area


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Appendix Demographic Brief


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Appendix Demographic Brief

Sale Leaseback - Long & Foster

Lance LJ Marine+1 703 905 [email protected]

Michael Zacharia+1 703 905 [email protected]

CBRE | 1861 International Drive | Suite 300 | McLean, Virginia 22102 | +1 703 821 6900

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