hold thyssen -...

ORLANDO, FLSTNL EVENT HALL

2


CONTENTS

This summary has been prepared by Hold-Thyssen, Inc. for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. All projections have been developed by Seller, Hold-Thyssen, and designated sources and are based upon assumptions relating to the general economy, competition and other factors beyond the control of Seller, and therefore are subject to variation. No representation is made by Seller or Hold-Thyssen as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Seller, Hold-Thyssen and its employees, disclaim any responsibility for inaccuracies, and expect prospective purchasers to exercise independent due diligence in verifying all such information. The bearer of this property summary agrees that neither Hold-Thyssen, Inc. nor the Seller shall have any liability for any reason to any Potential Purchaser or Related Parties resulting from the use of this property summary.

I. Investment Overview

Listing Details 5

Aerials 6

Location Map 8

Photographs 9

Floor Plan 11

Site Plan 12

II. Market Information Area Demographics 14

Retail Market Analysis 15

III. Financial Analysis

Tenant Summary 26

Pricing Detail 27

Financial Data 27

Acquisition Financing 27


3


CONFIDENTIALITY AND LIMITING CONDITIONS

The information contained in this offering material (“Offering Memorandum”) is proprietary, confidential, and furnished solely for the purpose of a review by a prospective purchaser of STNL Event Hall (the “Property”) and is not to be used for any other purpose or made available to any other person or entity without the express written authorization of Hold Thyssen, Inc. (“H-T”).

This Offering Memorandum has been provided subject to the terms of a Confidentiality Agreement and has been prepared to provide summary, unverified information to prospective purchasers, and to establish a preliminary level of interest in the Property. The information contained in this Offering Memorandum has been obtained from sources believed to be reliable, however, H-T has not verified and will not verify, any of the information contained herein; nor has H-T conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Potential buyers must take appropriate measures to verify all of the information set forth herein.

The information contained in this Offering Memorandum is not a substitute for a thorough due diligence investigation. H-T has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances such as PCB's or asbestos, the property’s compliance or otherwise with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

Owner and H-T expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice, or to reprice the offering or withdraw the property from the market for any reason.

Owner shall have no legal commitment or obligation to any purchaser reviewing this Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Owner and any conditions to Owner’s obligations thereunder have been satisfied or waived. H-T is not authorized to make any representations or agreements on behalf of Owner.

This Offering Memorandum is the property of H-T and may be used only be parties approved by H-T and Owner. The Property is privately offered and, by accepting this Offering Memorandum, the party in possession hereof agrees (i) to return it to H-T immediately upon request of H-T or Owner and (ii) that this Offering Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or stored in any physical or digital storage device.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY AND UNDER NO CIRCUMSTANCES MAY ANY TENANT BE DISTURBED. PLEASE CONSULT THE LISTING AGENT FOR AN APPOINTMENT OR FOR MORE DETAILS.


4

INVESTMENTOVERVIEW

Listing Details

Aerials

Location Map

Photographs

Floor Plan

Site Plan


5


INVESTMENT OVERVIEW

Property Name: STNL Event Hall

Property Address: 801 N. John Young Pkwy Orlando, FL 32804

APN/Parcel ID: 21-2229-2069-00-010

Property Type: Retail - Restaurant

Tenancy: Single - Currently Occupied

Building Size: 20,780 SF Gross Leasable Area 19,000+ SF Banquet Hall/Restaurant/Event Center Separate 945 SF Office/Storage Building

Lot Size: 2.76 AC

Year Built: 1980

Building Class: B

Parking Ratio: 5.62/1,000 SF

Traffic Count (2016): 53,000 AADT

Zoning: AC2 - Orlando

Property Description: •Fullyrenovatedinteriorandexterior •Renovationsinclude2fullbars,fullcommercialkitchen,walk-incooler&freezer, custom LED lighting, fully fenced, high impact glass on all entry doors, 2 outdoor patios and more •Strongtenantwith4yearsremainingonlease •Centrallylocated,justminutesfromDowntownOrlando

Occupancy: 100%

Net Operating Income: $209,806 (Including 2017 real estate taxes of $38,640)

Cap Rate: 8%

Asking Price: $2,633,333 ($126.73 psf)

LISTING DETAILS


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INVESTMENT OVERVIEW

PROPERTY AERIAL

W Colonial DrN

John Young Pkwy


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W Colonial Dr (SR 50)N

John Young Pkwy

T O L L

417

International Dr.

Orange County Sheriff ’s Offi ce

Columbia College - Orlando Consulate of Mexico

in Orlando

Orange County Tax Collector

Orlando Science Elementary School

PROPERTY AERIAL

INVESTMENT OVERVIEW


8


INVESTMENT OVERVIEW

LOCATION

SR 50

INTERSTATE

4

T O L L

408

OrlandoExecutiveAirport

University of Central Florida

Orlando International

Airport

Orlando Science Center

Orlando


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INVESTMENT OVERVIEW

PHOTOGRAPHS


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INVESTMENT OVERVIEW

PHOTOGRAPHS


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INVESTMENT OVERVIEW

FLOOR PLAN


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INVESTMENT OVERVIEW

SITE PLAN

Community number: 120186 Panel: 0245 Suffix: F F.I.R.M. Date: 9/25/2009 Flood Zone: X Date of field work: 1/12/2017 Completion Date: 1/17/2017

Certified to: Mathura Properties 7, LLC; Bogin, Munns & Munns, P.A.; Alliant National Title Insurance Company; First Green Bank, its' successors and/or assigns.

Property Address: 801 North John Young Parkway Orlando, FL 32804

Survey number: SL 172985

P A R C E L A :

F r o m t h e S o u th w e s t c o r n e r o f t h e S o u th e a s t 1 /4 o f th e S o u t h e a s t 1 /4 o f S e c t io n 2 1 , T o w n s h ip 2 2 S o u th , R a n g e 2 9 E a s t , O r a n g e C o u n ty , F lo r id a , r u n N o r th 0 0 ° 0 3 '4 8 " W e s t a lo n g th e W e s t l in e o f s a id S o u t h e a s t 1 /4 o f S o u th e a s t 1 / 4 , a d is ta n c e o f 3 7 8 .8 4 f e e t; t h e n c e N o r th 8 9 ° 4 1 '4 9 " E a s t , a d i s ta n c e o f 8 0 .0 0 f e e t f o r t h e P o in t o f B e g in n in g ; t h e n c e N o r th 0 0 ° 0 3 '4 8 " W e s t a lo n g s a i d r i g h t o f w a y o f J o h n Y o u n g P a r k w a y , a d i s ta n c e o f 3 0 0 .0 0 fe e t ; th e n c e N o r t h 8 9 ° 4 1 '4 9 " E a s t p a r a l l e l t o C o lo n ia l D r i v e , a d i s ta n c e o f 3 0 0 .0 0 fe e t; th e n c e S o u th 0 0 ° 0 3 '4 8 " E a s t p a r a l le l t o J o h n Y o u n g P a r k w a y , a d is ta n c e o f 3 0 0 .0 0 f e e t; th e n c e S o u th 8 9 ° 4 1 '4 9 " W e s t p a r a ll e l t o C o lo n ia l D r i v e , a d i s ta n c e o f 3 0 0 . 0 0 fe e t to th e P o in t o f B e g in n i n g . A l s o d e s c r ib e d a s L o t 1 , D e t r i c h 's H o u s e o f B e e f , a c c o r d i n g to th e p la t t h e r e o f r e c o r d e d in P la t B o o k 8 , P a g e 8 1 , P u b li c R e c o r d s o f O r a n g e C o u n ty , F lo r id a .

L E S S A N D E X C E P T th a t p o r t io n o f th e a b o v e d e s c r i b e d P a r c e l A r e c o r d e d M a r c h 1 3 , 1 9 9 0 , in O f f ic ia l R e c o r d s B o o k 4 1 6 5 , P a g e 8 9 8 , P u b li c R e c o r d s o f O r a n g e C o u n ty , F lo r id a .

P A R C E L B :

F r o m t h e S o u th w e s t c o r n e r o f t h e S o u th e a s t 1 /4 o f th e S o u t h e a s t 1 /4 o f S e c t io n 2 1 , T o w n s h ip 2 2 S o u th , R a n g e 2 9 E a s t , O r a n g e C o u n ty , F lo r id a , r u n N o r th 0 0 ° 0 3 '4 8 " W e s t a lo n g th e W e s t l in e o f s a id S o u t h e a s t 1 /4 o f S o u th e a s t 1 / 4 , a d is ta n c e o f 3 7 8 .8 4 f e e t; t h e n c e N o r th 8 9 ° 4 1 '4 9 " E a s t , a d i s ta n c e o f 3 8 0 .0 0 fe e t fo r t h e P o in t o f B e g i n n in g ; th e n c e N o r t h 0 0 ° 0 3 '4 8 " W e s t p a r a l le l to th e s a id E a s t r ig h t o f w a y o f J o h n Y o u n g P a r k w a y , a d i s ta n c e o f 3 0 0 .0 0 fe e t ; th e n c e N o r th 8 9 ° 4 1 '4 9 " E a s t p a r a l le l to s a id C o lo n ia l D r i v e , a d i s t a n c e o f 1 0 0 .0 0 fe e t ; th e n c e S o u th 0 0 ° 0 3 '4 8 " E a s t p a r a ll e l t o J o h n Y o u n g P a r k w a y , a d is ta n c e o f 3 0 0 .0 0 f e e t ; th e n c e S o u th 8 9 ° 4 1 '4 9 " W e s t p a r a l l e l to C o lo n ia l D r i v e , a d is ta n c e o f 1 0 0 .0 0 f e e t t o th e P o in t o f B e g in n in g .

Community number: 120186 Panel: 0245 Suffix: F F.I.R.M. Date: 9/25/2009 Flood Zone: X Date of field work: 1/12/2017 Completion Date: 1/17/2017

Certified to: Mathura Properties 7, LLC; Bogin, Munns & Munns, P.A.; Alliant National Title Insurance Company; First Green Bank, its' successors and/or assigns.

Property Address: 801 North John Young Parkway Orlando, FL 32804

Survey number: SL 172985

P A R C E L A :

F r o m t h e S o u th w e s t c o r n e r o f t h e S o u th e a s t 1 /4 o f th e S o u t h e a s t 1 /4 o f S e c t io n 2 1 , T o w n s h ip 2 2 S o u th , R a n g e 2 9 E a s t , O r a n g e C o u n ty , F lo r id a , r u n N o r th 0 0 ° 0 3 '4 8 " W e s t a lo n g th e W e s t l in e o f s a id S o u t h e a s t 1 /4 o f S o u th e a s t 1 / 4 , a d is ta n c e o f 3 7 8 .8 4 f e e t; t h e n c e N o r th 8 9 ° 4 1 '4 9 " E a s t , a d i s ta n c e o f 8 0 .0 0 f e e t f o r t h e P o in t o f B e g in n in g ; t h e n c e N o r th 0 0 ° 0 3 '4 8 " W e s t a lo n g s a i d r i g h t o f w a y o f J o h n Y o u n g P a r k w a y , a d i s ta n c e o f 3 0 0 .0 0 fe e t ; th e n c e N o r t h 8 9 ° 4 1 '4 9 " E a s t p a r a l l e l t o C o lo n ia l D r i v e , a d i s ta n c e o f 3 0 0 .0 0 fe e t; th e n c e S o u th 0 0 ° 0 3 '4 8 " E a s t p a r a l le l t o J o h n Y o u n g P a r k w a y , a d is ta n c e o f 3 0 0 .0 0 f e e t; th e n c e S o u th 8 9 ° 4 1 '4 9 " W e s t p a r a ll e l t o C o lo n ia l D r i v e , a d i s ta n c e o f 3 0 0 . 0 0 fe e t to th e P o in t o f B e g in n i n g . A l s o d e s c r ib e d a s L o t 1 , D e t r i c h 's H o u s e o f B e e f , a c c o r d i n g to th e p la t t h e r e o f r e c o r d e d in P la t B o o k 8 , P a g e 8 1 , P u b li c R e c o r d s o f O r a n g e C o u n ty , F lo r id a .

L E S S A N D E X C E P T th a t p o r t io n o f th e a b o v e d e s c r i b e d P a r c e l A r e c o r d e d M a r c h 1 3 , 1 9 9 0 , in O f f ic ia l R e c o r d s B o o k 4 1 6 5 , P a g e 8 9 8 , P u b li c R e c o r d s o f O r a n g e C o u n ty , F lo r id a .

P A R C E L B :

F r o m t h e S o u th w e s t c o r n e r o f t h e S o u th e a s t 1 /4 o f th e S o u t h e a s t 1 /4 o f S e c t io n 2 1 , T o w n s h ip 2 2 S o u th , R a n g e 2 9 E a s t , O r a n g e C o u n ty , F lo r id a , r u n N o r th 0 0 ° 0 3 '4 8 " W e s t a lo n g th e W e s t l in e o f s a id S o u t h e a s t 1 /4 o f S o u th e a s t 1 / 4 , a d is ta n c e o f 3 7 8 .8 4 f e e t; t h e n c e N o r th 8 9 ° 4 1 '4 9 " E a s t , a d i s ta n c e o f 3 8 0 .0 0 fe e t fo r t h e P o in t o f B e g i n n in g ; th e n c e N o r t h 0 0 ° 0 3 '4 8 " W e s t p a r a l le l to th e s a id E a s t r ig h t o f w a y o f J o h n Y o u n g P a r k w a y , a d i s ta n c e o f 3 0 0 .0 0 fe e t ; th e n c e N o r th 8 9 ° 4 1 '4 9 " E a s t p a r a l le l to s a id C o lo n ia l D r i v e , a d i s t a n c e o f 1 0 0 .0 0 fe e t ; th e n c e S o u th 0 0 ° 0 3 '4 8 " E a s t p a r a ll e l t o J o h n Y o u n g P a r k w a y , a d is ta n c e o f 3 0 0 .0 0 f e e t ; th e n c e S o u th 8 9 ° 4 1 '4 9 " W e s t p a r a l l e l to C o lo n ia l D r i v e , a d is ta n c e o f 1 0 0 .0 0 f e e t t o th e P o in t o f B e g in n in g .


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MARKET INFORMATION

Area Demographics

Retail Market Analysis

Primary data sources utilized for this analysis include CoStar Property and national published data sources. STNL Event Hall is located in the West Colonial Submarket within the Orlando Retail Metro Market as defined by CoStar Property. This data was sourced from the 2017 2Q figures published by CoStar Property.


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Source: CoStar 2017

MARKET INFORMATION

AREA DEMOGRAPHICS

1-Mile 3-Mile 5-Mile

Population2022 Projection 4,692 94,154 348,7282017 Estimate 4,342 86,047 317,6452010 Census 4,322 79,111 285,391Growth 2010-2017 0.46% 8.77% 11.30%Median Age 43 37 35

Income2017 Average Household Income $57,952 $60,755 $58,8462017 Median Household Income $31,848 $38,118 $41,255

2017 Consumer SpendingApparel $2,220,000 $47,046,000 $169,248,000Entertainment&Hobbies $2,580,000 $56,635,000 $201,543,000Food&Alcohol $9,054,000 $200,188,000 $727,540,000Household Expenses $4,920,000 $99,966,000 $348,504,000Transportation $7,392,000 $160,094,000 $608,016,000Health Care $1,882,000 $36,020,000 $126,315,000Education/Day Care $2,012,000 $45,574,000 $156,794,000


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MARKET INFORMATION

RETAIL MARKET ANALYSIS

12 Mo. Deliveries in SF (000) 12 Mo. Net Absorption (000) Vacancy Rate 12 Mo. Rent Growth

11 73 8.0% 5.1%

Annual Trends 12 Month Change Hist. Avg. Fcst. Avg. Peak When Trough When

Vacancy -0.6% 5.5% 8.3% 11.4% 2012 Q2 0.0% 2005 Q4Net Absorption (000) 73 62 53 651 2002 Q1 (410) 2009 Q1Net Deliveries (000) 11 108 97 651 2002 Q1 0 2011 Q2Rent Growth 5.1% -0.4% 1.0% 5.4% 2017 Q3 -8.0% 2010 Q2Sales ($ millions) $33 $38 N/A $85 2015 Q1 $9 2011 Q2

KEY INDICATORS

Current Quarter RBA (000) Vacancy Rate Asking Rent Availability Rate Net Absorption (000)

Net Deliveries (000)

Under Const. (000)

Mall 1,293 17.2% $25.22 37.3% 0 0 259Power Center 957 14.7% $15.62 17.2% (57) -- 0Neighborhood Center 1,951 6.6% $14.90 10.0% (7) -- 0SUBMARKET 10,488 8.0% $16.29 14.4% (119) 0 259

NET ABSORPTION, NET DELIVERIES AND VACANCY RATE

© 2017 CoStar Group Page 1As of Oct 23, 2017

OverviewWest Colonial Retail


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MARKET INFORMATION

RETAIL MARKET ANALYSISBUILDINGS BY VACANCY

BUILDINGS BY VACANCY RATE BUILDINGS BY VACANT SF




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MARKET INFORMATION

RETAIL MARKET ANALYSISCUMULATIVE NET ABSORPTION

NET DELIVERIES




18


MARKET INFORMATION

RETAIL MARKET ANALYSISCONSTRUCTION ACTIVITY

12 MONTH AVERAGE DELIVERIES IN SF AVERAGE BUILDING SIZE IN SF




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MARKET INFORMATION

RETAIL MARKET ANALYSISUNDER CONSTRUCTION PROJECTS

No. Property Name Address % Leased GLA Start Yr. Deliv. Yr Owner/Developer

1 362 Main St 362 Main St 0% 259,120 2017 2018

DELIVERED PROJECTS


3 3101 W Princeton St 3101 W Princeton St 100% 146,861 2009 2010Wal-Mart Stores, Inc.

17 Walgreen's 8802 W Colonial Dr 100% 16,000 2009 2010Walgreens Boots Allian...

11 Westside Plaza 609 N Powers Dr 100% 32,282 2008 2009

5 Colonial Town Center 8010 W Colonial Dr 96% 49,200 2008 2009Burillo Financial LLC

14 Mel Laurn Square 639 N Pine Hills Rd 100% 20,160 2007 2008Amrit & Seerojnie Dabi...

16 The Soiree 6394 Silver Star Rd 100% 16,200 2007 2008

8 Wal-Mart Neighborhood Market 7818 W Colonial Dr 100% 39,152 2007 2007

Wal-Mart Stores, Inc.

10 Shoppes Of Ocoee 10185 W Colonial Dr 100% 33,612 2006 2007Jason ConsortiUstler Development Inc

18 ABC Liquors 10815 W Colonial Dr 100% 14,719 2006 2007ABC Fine Wine & Spirit...

PROPOSED PROJECTS


2 600 W Amelia St 600 W Amelia St 0% 150,000 N/ACity of Orlando Utilit...Ustler Development, In...

13 Shoppes of West Oaks 9290 W Colonial Dr 0% 27,300 N/AReal Property Speciali...

12 Freestanding Retail BTS 1172 Daniels Rd 0% 28,000 N/A

15 14991 W Colonial Dr 14991 W Colonial Dr 0% 17,150 N/A

21 Freestanding Retail BTS 1200 Daniels Rd 0% 13,000 N/A

6 The Princeton Building 2 Edgewater Dr 0% 43,977 N/A

7 Grocery SEC Avalon Rd & SR-50 0% 42,000 N/A



4 Anchor Building 14120 W Colonial Dr 0% 122,373 N/ABLF Realty, P.A.




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MARKET INFORMATION


ASKING RENT LEVELS AND ANNUAL GROWTH




21


MARKET INFORMATION


SALES VOLUME AND MEDIAN PRICE




22


MARKET INFORMATION

RETAIL MARKET ANALYSISHISTORICAL SALES TRANSACTIONS

12 MONTH AVERAGE SALES VOLUME IN MILLIONS 12 MONTH SALES VOLUME IN MILLIONS BY OWNER TYPE




23


MARKET INFORMATION


HISTORICAL SALES TRANSACTIONS

No. Property Sale Date Price SF Price Per SF Built Buyer Name

9 Advance Auto Parts, 151 N Clarke Rd 9/15/2017 $2,120,000 6,860 $309 2007 KC Apartments (Private)

3 Hiawassee Plaza, 6801 W Colonial Dr 9/7/2017 $3,433,181 56,184 $61 1983 Sample USA Corp (Private)

11 Chevron, 12890 W Colonial Dr 7/7/2017 $2,000,000 3,343 $598 2001 Erilyn Group, Inc. (Private)

1 Best Buy, 9537 W Colonial Dr 6/30/2017 $5,750,000 44,988 $128 2000 Liliya Yerassilova (Private)

15 Queen of Pawns, 5623 W Colonial Dr 6/28/2017 $1,071,400 4,948 $217 1973 Rose Diamond Investments Inc

(Private)

22 Hub Cap Heaven Bldg 1, 3240 W Colonial Dr 6/23/2017 $496,543 5,189 $96 1969

2 West Oaks Town Center, 9557 W Colonial Dr 6/15/2017 $5,251,988 50,577 $104 1994 DDR Corp. (Unknown)

16 West Oaks Town Center, 9669 W Colonial Dr 6/15/2017 $1,034,468 9,962 $104 2001 DDR Corp. (Unknown)

20 West Oaks Town Center, 9571 W Colonial Dr 6/15/2017 $650,463 6,264 $104 2001 DDR Corp. (Unknown)

18 Silver Pines Village - Building 3, 5324 Silver Star Rd 5/3/2017 $784,465 87,032 $9 1969 Xu Wu (Private)

23 Silver Star Building 4, 5392 Silver Star Rd 5/3/2017 $270,406 30,000 $9 1969 Xu Wu (Private)



21 2172 Silver Star Rd 4/27/2017 $550,000 1,575 $349 1970

17 532 W Church St 3/8/2017 $1,000,000 6,055 $165 1922 Casey Preston (Unknown)

10 The WingHouse Bar & Grill, 3201 Parkway Center Ct 1/27/2017 $2,089,900 6,544 $319 1982 STORE Capital Corporation

(Unknown)

5 Western Way Shopping Center, 2120 W Colonial Dr 1/23/2017 $2,460,319 33,302 $74 1955 Royal Limited (Unknown)

14 2150 W Colonial Dr 1/23/2017 $1,073,093 14,525 $74 1965 Royal Limited (Unknown)

7 Colonial West Retail Center, 7332 W Colonial Dr 1/20/2017 $2,300,000 10,900 $211 1999 Jose Chacalo Hilu (Private)

19 5212 W Colonial Dr 1/5/2017 $775,000 6,198 $125 1965

87-11 / Realty Income sale leaseback, 6946 Clarcona Ocoee Rd

12/22/2016 $2,245,600 1,692 $1,327 1991 Realty Income Corporation (Unknown)

4 THE SPORTS AUTHORITY, 7500 W Colonial Dr 12/15/2016 $2,700,000 44,179 $61 1996 Volta Global (Institutional)

6 Orlando Ale House, 7379 W Colonial Dr 12/15/2016 $2,450,000 5,671 $432 1993 Alvaro Castillo (Private)

12 Advance Auto Parts, 5410 Silver Star Rd 12/9/2016 $1,805,000 7,000 $258 2004 BK Properties (Private)

13 Dunkin Donuts, 5600 W Colonial Dr 11/4/2016 $1,725,000 5,054 $341 1986 Hayath Javeed (Private)




24


MARKET INFORMATION


SUBMARKET SALES HISTORY

Volume Price

Year No. of Sales SF Volume Turnover Median Per SF Avg Price

2017 23 434,155 $33,406,357 4.1% $103.84 $1,670,318

2016 37 1,191,140 $54,658,627 11.4% $92.59 $1,561,675

2015 25 658,391 $58,647,388 6.3% $163.52 $2,443,641

2014 26 694,401 $58,243,923 6.6% $107.14 $2,647,451

2013 26 996,672 $58,503,029 9.5% $81.45 $3,079,107

2012 31 1,196,794 $36,939,442 11.5% $68.90 $1,477,578

2011 14 235,938 $9,128,700 2.3% $83.03 $829,882

2010 16 137,003 $11,886,581 1.3% $149.05 $849,042

2009 11 88,477 $9,682,900 0.9% $227.27 $880,264

2008 23 382,171 $31,023,479 3.8% $213.36 $1,551,174

2007 24 740,316 $48,884,197 7.4% $166.89 $2,222,009

2006 21 617,754 $58,093,872 6.2% $198.04 $2,766,375

2005 19 673,888 $43,135,201 6.9% $86.67 $2,270,274




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FINANCIAL ANALYSIS

Tenant Summary

Pricing Detail

Acquisition Financing


26


FINANCIAL ANALYSIS

TENANT SUMMARY

Tenant Name: Majestic Event Center

Percentage of RBA: 100%

Leace Commencement: June 1, 2016

Lease Term: 5 Years

Landlord Expenses: Roof&Structure Real Estate Taxes

Tenant Expenses: Utilities CAM Sales Tax

Scheduled Gross Rent: 2016 $236,616 2017 $248,448 2018 $260,868 2019 $273,912 2020 $287,673

Blended Cap Over Term: 8.7%

Year One Cap: 8% (7.97%)


27


FINANCIAL ANALYSIS

PRICING DETAIL

Summary

Price $2,633,333Down Payment $789,999 30%Price Per SqFt $126.73Gross Leasable Area 20,780 SFLot Size 120,225 SFYear Built 1980

Returns Year 1 Over Term

CAP Rate 7.97% 8.7%

Operating Data

NOI (after RE Tax) $209,806Real Estate Taxes $38,640

Financing 1st Loan Quote 2nd Loan Quote

Quote Provider Scott Pritchett - First Green Bank Robert Cieswick - SeacoastBankLoan Amount $1,843,334 $1,843,334Loan Type New NewInterest Rate 4.79% 4.40%-4.75%Amortization 15 Years 20 Years

Loan information is subject to change.

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