ADELPHOI HUMANSERVICES CENTER1011 OLD SALEM RDGREENSBURG, PA 15601

John WestermannAdvisor412.535.8060john.westermann@svn.com

SVN | THREE RIVERS COMMERCIAL ADVISORS | 309 SMITHFIELD STREET, 5TH FLOOR, PITTSBURGH, PA 15222 OFFERING MEMORANDUM

OFFERING SUMMARY

Sale Price: $1,259,000

Cap Rate: 7.73%

NOI: $97,344

Building Size: 30,492 SF

Price / SF: $41.29

SVN Three Rivers Commercial Advisors is pleased to present for sale the Adelphoi Human Services Center at 1011Old Salem Rd, Greensburg PA. The property has been home to Adelphoi and its not-for-profit tenants since 1992.Adelphoi owns the property, occupies 21% of usable space and will leaseback its space upon sale.

This property offers exceptional upside opportunity for the savvy investor, as the average rental rate of $11.73psf is $3.85 psf under market. Moving rents to market will generate a double digit return.

The three story building has been meticulously maintained, with beautiful landscaping and plentiful parking.Brand new roof!

PROPERTY OVERVIEW

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Property Summary

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

UNITED WAY OF SOUTHWESTERN PA

• Tenant since 1992, leases 3,819 SF

• Non-Profit established to solve pressing community issues

• Unites policymakers, corporate leaders, agency partners and volunteers

• National Non-Profit with local focus in Westmoreland County

BLACKBURN CENTER

• Tenant since 1992, leases 6,780 SF

• Non-Profit established to advocate for the rights of all individuals to live free

from violence

• Provides support to victims by providing the following services: shelter,

counseling, and advocacy.

• Local Non-Profit created in Westmoreland County

ADELPHOI

• Tenant since 1992, leases 4,447 SF

• Non-Profit established to offer outcome-based solutions for abused, neglected,

delinquent and other at risk children and their families

• Serves 1,200 children, youth, and families by providing affordable human service

programs

• Provides support to their consumers by funding and managing: residential

group homes, foster and adoptive care, education services and in-home

services

• Regional Non-Profit in Northeaset

Tenant Highlights

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

NAACP

• Tenant since 1992, leases 143 SF

• The National Association for the Advancement of Colored People• Serves to eliminate race-based discrimination and ensure the health and

well-being of all persons• Actively engages African American's civil rights and encourages

engagement in the democratic process• 2,200 Adult Branches throughout the United States

PA WOMEN INFANTS CHILDREN

• Tenant since 2014, leases 1,840 SF

• Pennsylvania special supplemental nutrition program for women, infants,and children (WIC)

• Established to improve nutrition and health to families by providingnutrition services, breastfeeding support, heal care and social servicesreferrals, and healthy foods

• The following residents are serviced by WIC; pregnant women,breastfeeding women, women up to six months postpartum, and childrenunder 5

CENTER FOR HEARING & DEAF SERVICES

• Tenant since 2014, leases 1,200 SF

• Non-Profit established to service people who are deaf, hard of hearing, orhave other communication needs

• Provides a diverse and affordable spectrum of quality diagnostic,rehabilitative, and supportive services

• Provide training in academics, computer literacy, physical education,social skills and deaf culture

Tenant Highlights Cont'd

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Floor Plans | Ground Floor

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Floor Plans | First Floor

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Floor Plans | Second Floor

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Aerial Map

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

INVESTMENT OVERVIEW 2018 FISCAL YEAR

Price $1,259,000Price per SF $41.29CAP Rate 7.7%Cash-on-Cash Return (yr 1) 10.6 %Total Return (yr 1) $47,455Debt Coverage Ratio 1.38

OPERATING DATA 2018 FISCAL YEAR

Total Scheduled Income $216,271Gross Income $216,271Operating Expenses $118,927Net Operating Income $97,344Pre-Tax Cash Flow $26,688

FINANCING DATA 2018 FISCAL YEAR

Down Payment $251,800Loan Amount $1,007,200Debt Service $70,656Debt Service Monthly $5,888Principal Reduction (yr 1) $20,767

Financial Summary

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Rent Roll

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 13The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

INCOME SUMMARY 2018 FISCAL YEAR MARKET RENT PRO FORMA

Rental Revenue $216,271 -Rental Revenue @ $15.58 psf - $328,395Vacancy @ 5% - -$16,419

Gross Income $216,271 $311,976

EXPENSE SUMMARY 2018 FISCAL YEAR MARKET RENT PRO FORMA

RE Taxes $19,085 $19,085Gas $6,400 $6,400Electric $36,355 $36,355Water/Sewer $3,268 $3,268Trash Collection $4,674 $4,674Maintenance & Repairs $23,012 $23,012Cleaning $20,891 $20,891Insurance $5,242 $5,242Property Management @ 5% - $16,419

Gross Expenses $118,927 $135,346

Net Operating Income $97,344 $176,630

Income & Expenses

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 14The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 5 MILES 10 MILES

Total population 5,542 75,410 177,405

Median age 46.8 43.3 43.1

Median age (Male) 45.0 41.6 41.8

Median age (Female) 47.3 45.9 44.9

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 2,530 32,553 73,125

# of persons per HH 2.2 2.3 2.4

Average HH income $64,638 $60,623 $64,073

Average house value $177,130 $172,655 $176,470

* Demographic data derived from 2010 US Census

Demographics Map

309 Smithfield Street, 5th FloorPittsburgh, PA 15222T 412.535.8060C 412.302.3675john.westermann@svn.com

PROFESSIONAL BACKGROUND

John Westermann serves as an Advisor for SVN | Three Rivers Commercial Advisors, specializing in office properties. As acommercial real estate professional, he has developed an extensive network of owners and investors of commercialproperty in the Pittsburgh and southwestern Pennsylvania markets. With his clients, John strives to create workingrelationships built on competence and trust.

John’s professional background includes commercial banking and management consulting. This experience gives himthe ability to understand his clients’ commercial property goals and requirements, and to quickly identify solutions tomeet those needs.

John is a long-time resident of the Pittsburgh area. He and his wife make their home in Penn Hills. John is a licensed realestate agent in Pennsylvania.

JOHN WESTERMANN

Advisor

1011 OLD SALEM RD GREENSBURG, PA 15601 SVN | Three Rivers Commercial Advisors | Page 15The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Advisor Bio & Contact 1

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