sgs polymer solutions

J A C O B Q U E S I N B E R R YVice [email protected]


135

10 S. Jefferson Street | 1200 Wells Fargo Tower | Roanoke, VA 24011 | 540.982.2444 | www.poecronk.com

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1 3 5 T E C H N O L O G Y D R I V E C H R I S T I A N S B U R G , V A 2 4 0 7 3

SGS POLYMER SOLUTIONS

PROPERTY INFORMATION 3

LOCATION INFORMATION 7

FINANCIAL ANALYSIS 11

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Neither Poe & Cronk Real Estate Group its directors, officers, agents, advisors, oraffiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the any materials or information provided, derived, or received.Materials and information from any source, whether written or verbal, that may befurnished for review are not a substitute for a party’s active conduct of its own duediligence to determine these and other matters of significance to such party. Poe &Cronk Real Estate Group will not investigate or verify any such matters or conduct duediligence for a party unless otherwise agreed in writing.

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Any party contemplating or under contract or in escrow for a transaction is urged toverify all information and to conduct their own inspections and investigations includingthrough appropriate third party independent professionals selected by such party. Allfinancial data should be verified by the party including by obtaining and readingapplicable documents and reports and consulting appropriate independentprofessionals. Poe & Cronk Real Estate Group makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial dataor assumptions. Poe & Cronk Real Estate Group does not serve as a financial advisor toany party regarding any proposed transaction. All data and assumptions regardingfinancial performance, including that used for financial modeling purposes, may differfrom actual data or performance. Any estimates of market rents and/or projected rentsthat may be provided to a party do not necessarily mean that rents can be establishedat or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issuesin order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questionsshould be discussed by the party with a certified public accountant or tax attorney. Titlequestions should be discussed by the party with a title officer or attorney. Questionsregarding the condition of the property and whether the property complies withapplicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmentalagencies. All properties and services are marketed by Poe & Cronk Real Estate Group incompliance with all applicable fair housing and equal opportunity laws.

P A G E 2

F O R S A L ET A B L E O F C O N T E N T S 135 Technology Drive

Christiansburg, VA 24073

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S E C T I O N 1

PROPERTY INFORMATION


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OFFERING SUMMARYSale Price: $4,750,000

Cap Rate: 6.66%

NOI: $316,374

Lot Size: 4.1 Acres

Year Built: 2015

Building Size: 20,100 SF

Zoning: I-2

Price / SF: $236.32

PROPERTY OVERVIEWA Stable Asset in Uncertain Times. A rare opportunity to a own a singletenant net leased investment with 8+ years remaining on the original10-year term with 2.5% annual increases. The tenant has an additional10-year renewal option following the original term. High quality officeand laboratory building built in 2015 for the occupying business withadditional expansion opportunity.

SGS Polymer Solutions Incorporated (SGS PSI) is an independentmaterials testing lab and strategic resource for the testing of polymers,plastics, and organic and inorganic substances. SGS PSI has more than30 years of expertise solving and preventing complex problems forcompanies in the medical, pharmaceutical, packaging, aerospace,defense, and manufacturing industries.

SGS is the world's leading inspection, verification, testing andcertification company. SGS is recognized as the global benchmark forquality and integrity. With more than 94,000 employees, SGS operates anetwork of over 2,600 offices and laboratories around the world.

Offering Memorandum available under "Documents" tab.

F O R S A L EE X E C U T I V E S U M M A R Y 135 Technology Drive


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LOCATION INFORMATION

Building Name SGS Polymer Solutions

Street Address 135 Technology Drive

City, State, Zip Christiansburg, VA24073

County Montgomery

Signal Intersection No

BUILDING INFORMATION

NOI $316,374.00

Cap Rate 6.66

Occupancy % 100.0%

Tenancy Single

Number of Floors 1

Year Built 2015

Free Standing No

PROPERTY HIGHLIGHTS• Net Leased Investment

• 8+ Years Remaining on Original Lease Term

• 20,100 SF Office/Laboratory Building

• 4.1 Acre Site

• Zoned I-2

• Located in Qualified Opportunity Zone

F O R S A L EC O M P L E T E H I G H L I G H T S 135 Technology Drive


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F O R S A L EA D D I T I O N A L P H O T O S 135 Technology Drive


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S E C T I O N 2

LOCATION INFORMATION


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F O R S A L ER E G I O N A L M A P 135 Technology Drive


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F O R S A L EA E R I A L M A P S 135 Technology Drive


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F O R S A L ES I T E P L A N 135 Technology Drive


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S E C T I O N 3

FINANCIAL ANALYSIS


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INVESTMENT OVERVIEW

Price $4,750,000

Price per SF $236.32

CAP Rate 6.7%

Cash-on-Cash Return (yr 1) 6.66 %

Total Return (yr 1) $316,374

Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income $342,767

Other Income -

Total Scheduled Income $342,767

Vacancy Cost $0

Gross Income $342,767

Operating Expenses $26,393

Net Operating Income $316,374

Pre-Tax Cash Flow $316,374

FINANCING DATA

Down Payment $4,750,000

Loan Amount -

Debt Service -

Debt Service Monthly -

Principal Reduction (yr 1) -

F O R S A L EF I N A N C I A L S U M M A R Y 135 Technology Drive


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POPULATION 1 MILE 5 MILES 10 MILES

Total Population 1,105 23,290 86,587

Average age 36.7 36.0 29.7

Average age (Male) 33.7 34.5 28.6

Average age (Female) 39.4 37.5 30.9

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 480 10,154 30,358

# of persons per HH 2.3 2.3 2.9

Average HH income $58,102 $55,790 $55,045

Average house value $209,172 $242,966* Demographic data derived from 2010 US Census

F O R S A L ED E M O G R A P H I C S M A P & R E P O R T

135 Technology DriveChristiansburg, VA 24073