Greentree Business CenterINDUSTRIAL MULTI-TENANT INVESTMENT210 Hostetter Road, Manheim, PA 17545

John Thiry, CCIMBroker of Record717 292 8400jthiry@thirycommercial.com

F O R M O R EI N F O R M AT I O N

P L E A S EC O N TA C T

E Stie

gel St Sequoia Dr

Redwood LnS Oak St Hostetter Rd

Greentree Business CenterEXECUTIVE OVERVIEW

Greentree Business Center is a multi tenant business park located in Manheim Borough, Lancaster County, Pennsylvania. This project is situated on 12.58 acres of land zoned for industrial use.

The offering is composed of 100,670 square feet of rentable industrial space, 100% occupied and home to 16 commercial and industrial tenants.

Two value add opportunities include a 2.28 acre vacant lot suitable for new construction and 49,430 square feet of semi-finished and shell space that could be renovated and leased or used for additional parking.

Greentree is master planned for storm water management and has roads and utilities in place including public water, public sewer, gas and electric.

Greentree Business CenterFINANCIAL OVERVIEW

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION

CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL

OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY

SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS

TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

OFFERING SUMMARY

PRICE $5,250,000

Down Payment 50% / $2,703,750

Gross Square Feet 150,100

Price / Gross Square Feet $35

Rentable Square Feet 100,670

Price / Rentable Square Feet $52

Year Built / Renovated 1930 / 2005

Parcel Size 12.58 Acre

Type of Ownership Fee Simple

Cap Rate 7.04

Net Operating Income $369,374

Net Cash Flow after Debt Service $126, 806

Total Return 9.5% / $257,811

FINANCING*

First Trust Deed Loan Amount 2,625,000

Loan Type Proposed New

Interest Rate 4.25%

Amortization 15 Years

*Loan information is intended to reflect lending available on the open market. No seller financing is implied or available.

ANNUALIZED OPERATING DATA

INCOME

Gross Collected Rent $507,060

Expense Reimbursements $66,660

Gross Collected Income $573,720

Vacancy / Collection Allowance 5% / $28,686

Effective Gross Income $545,034

Total Expenses $175,660

NET OPERATING INCOME $369,374

Debt Service $236,967

Debt Coverage Ratio 1.55

Net Cash Flow After Debt Service $132,406

Principle Reduction

EXPENSES

Real Estate Taxes $81,456

Repairs and Maintenance $38,700

Insurance $31,900

Parking Lot Rental Expense $13,100

Utilities $10,500

Total Expenses $175,660

Expenses Per Square Foot $1.74

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION

CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL

OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY

SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS

TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

108 W. Airport RoadFLOOR PL AN

Greentree Business CenterFINANCIAL OVERVIEW

RENT ROLL

TENANT SQUARE FEET % of TOTAL SQUARE FEET LEASE COMMENCE LEASE EXPIRE NN RENT RENT PER SQUARE FOOT TAXES TOTAL RENT

Adcock Brothers, Inc. 8,660 8.60% 5/23/06 12/31/19 $62,100 $7.17 $7,500 $69,600

Brubaker Auto Enterprise 9,575 9.51% 5/01/09 4/30/22 $72,000 $7.52 $6,300 $78,300

Charter Truck Repair 5,540 5.50% 5/23/06 12/31/17 $28,080 $5.07 $3,600 $31,680

Distinctive Detail 3,000 2.98% 3/01/15 2/28/18 $25,920 $8.64 $2,100 $28,020

Erickson Auto Service 3,000 2.98% 11/03/11 12/31/18 $22,500 $7.50 $1,500 $24,000

Fairway Towing 2,300 2.28% 10/01/12 12/31/17 $17,220 $7.49 $1,680 $18,900

Groff’s Automotive 2,000 1.99% 5/15/15 5/31/18 $27,900 $13.95 $3,300 $31,200

Hi-Tech Concrete Coating 7,200 7.15% 5/23/06 12/31/17 $34,440 $4.78 $4,740 $39,180

Jake’s Auto Recon 3,250 3.23% 5/23/06 2/28/18 $25,800 $7.94 $1,500 $27,300

Jaz Detail 2,000 1.99% 5/23/06 12/30/17 $16,680 $8.34 $1,320 $18,000

Manheim Used Auto Factory 440 0.44% 8/0/16 7/31/17 $4,200 $9.55 $600 $4,800

Oceanside Auto Center 5800 5.76% 5/01/16 4/30/18 $39,600 $6.83 $3,600 $43,200

Pro Fab Associates 17,460 17.34% 5/23/06 4/30/20 $62,880 $3.60 $13,500 $76,380

Reelstrong, Inc. 12,000 11.92% 4/01/14 6/30/18 $38,400 $3.20 $11,400 $49,800

The Shutter Shed 3,000 2.98% 1/01/14 12/31/17 $6,120 $2.04 $2,040 $8,160

Superior Public Auto Auction 3,000 2.98% 2/01/15 1/31/18 $23,220 $7.74 $1,980 $25,200

Common Area 14,245 12.36%

TOTAL AVAILABLE 0

TOTAL OCCUPIED 100,670 $507,060 $66,660 $573,720

TOTAL 100,670 $507,060 $66,660 $573,720

Greentree Business CenterPROPERTY DESCRIPTION

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION

CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL

OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY

SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS

TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

THE OFFERINGProperty Address 210 Hostetter Road, Manheim, PA 17545

Municipality Manheim Borough

Property Type Industrial

Assessor’s Parcel Number(s) 400-97838-0-0000; 400-19281-0-0000; 400-10599-0-0000; 400-73181-0-0000; 400-83060-0-0000

SITE DESCRIPTIONParcel Size 12.58

Type of Ownership Fee Simple

Rentable Square Feet 100,670

Total Square Feet 150,100

Zoning Industrial

Parking 100+

CONSTRUCTIONYear Built and Renovated 1930; 2005

Construction Type Masonry

Number of Floors 1

Number of Units 20+

Clear Height 11-14 Ft

Power 3 Phase 440 Volt

Exterior Walls Concrete and Brick

Roof Flat Rubber

Loading 34 Grade Doors

MECHANICALFire Protection Wet Sprinkler System (2/3 of Property)

HVAC Gas

Utilities Public Water; Public Sewer; Gas

108 W. Airport RoadFLOOR PL AN

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION

CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL

OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY

SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS

TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

Greentree Business CenterLOCATION

LOCAL MAP

REGIONAL MAP

Greentree Business CenterPROPERTY DESCRIPTION

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION

CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL

OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY

SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS

TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

INVESTMENT HIGHLIGHTS

F Multi Tenant Industrial ParkF 100,670 Square Feet of Industrial / Commercial SpaceF 12.58 Acres of LandF Master Storm Water Management in placeF Public Water, Sewer, Gas and Electric Service in placeF Value Add: 49,430 Square Feet Semi-Finished and Shell SpaceF Value Add: 2.28 Acres Vacant Land

E Stie

gel St

S Oak St

Sequoia Dr

Redwood Ln

Hostetter Rd