bluelinx 1 luger road, denville, nj

1 Luger RoadDENVILLE, NEW JERSEY

CONFIDENTIAL OFFERING MEMORANDUM

SUPPLEMENTAL | UPDATE

BlueLinx Corporation (NYSE: BXC)

15-Year Sale/LeasebackOpportunity

cushmanwakefi eld.com2

Offering Memorandum Disclaimer

Matthew MarshallManaging Director+1 610 729 [email protected]

Charles FernExecutive Managing Director+1 732 243 [email protected]

Jeffrey WilliamsManaging Director+1 610 729 [email protected]

Jason BartonSenior Director+1 732 243 [email protected]

For more information, please contact

one of the following individuals:

This Confi dential Offering Memorandum (“Memorandum”) is being delivered subject to the terms of the Confi dentiality Agreement (the

“Confi dentiality Agreement”) signed by you and constitutes part of the Confi dential Information (as defi ned in the Confi dentiality Agreement).

It is being given to you for the sole purpose of evaluating the possible investment in 1 Luger Road, Denville, New Jersey (the “Project”),

and is not to be used for any other purpose or made available to any other party without the prior written consent of BlueLinx Holdings,

Inc. (“Company”), or its exclusive broker, Cushman & Wakefi eld. This Memorandum was prepared by Cushman & Wakefi eld based primarily

on information supplied by Company. It contains select information about the Project and the real estate market but does not contain all

the information necessary to evaluate the Project. The fi nancial projections contained herein (or in any other Confi dential Information) are

for general reference only. They are based on assumptions relating to the overall economy and local competition, among other factors.

Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your

review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. While the

information contained in this Memorandum and any other Confi dential Information is believed to be reliable, neither Cushman & Wakefi eld

nor Company guarantees its accuracy or completeness. Because of the foregoing and since the investment in the Project is being offered on

an “As Is, Where Is” basis, a prospective investor or other party authorized by the prospective investor to use such material solely to facilitate

the prospective purchaser’s investigation, must make its independent investigations, projections and conclusions regarding the investment in

the Project without reliance on this Memorandum or any other Confi dential Information. Although additional Confi dential Information, which

may include engineering, environmental or other reports, may be provided to qualifi ed parties as the marketing period proceeds, prospective

purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts. Neither Cushman & Wakefi eld nor

Company guarantees the accuracy or completeness of the information contained in this Memorandum or any other Confi dential Information

provided by Cushman & Wakefi eld and Company. Company expressly reserves the right, at its sole discretion, to reject any offer to invest in the

Project or to terminate any negotiations with any party at any time with or without written notice. Company shall have no legal commitment

or obligations to any prospective investor unless and until a written sale agreement has been fully executed, delivered and approved by

Company and any conditions to Company’s obligations thereunder have been satisfi ed or waived. Company has retained Cushman & Wakefi eld

as its exclusive broker and will be responsible for any commission due to Cushman & Wakefi eld in connection with a transaction relating to

the Project pursuant to a separate agreement. Cushman & Wakefi eld is not authorized to make any representation or agreement on behalf of

Company. Each prospective investor will be responsible for any claims for commissions by any other broker in connection with an investment

in the Project if such claims arise from acts of such prospective investor or its broker. This Memorandum is the property of Company and all

parties approved by Company and may be used only by parties approved by Company. No portion of this Memorandum may be copied or

otherwise reproduced or disclosed to anyone except as permitted under the Confi dentiality Agreement.

Table of Contents

Executive Summary .................................................... 4

Executive Summary


Property Snapshot:

1 Luger Road, Denville, NJADDRESS

±101,959 RSF TOTAL SQUARE FOOTAGE

±90,000 RSF DISTRIBUTION/ASSEMBLY/MFG. AREA

±11,959 RSF OFFICE AREA

±12 AcresLOT SIZE

100%OCCUPANCY

1978YEAR BUILT

Executive SummaryProperty Overview

Cushman & Wakefi eld is pleased to present the opportunity to acquire 1 Luger Road, Denville Township, New Jersey, a ±101,959 square

foot (SF) industrial warehouse and manufacturing facility, situated on 12 acres, and located in affl uent Morris County, New Jersey (the

“Property” or “1 Luger Road”). The Property shall be made available 100 percent net-leased to BlueLinx Corporation for fi fteen (15)

years.

1 Luger Road is located in the Morris County Industrial Market, one of the premier markets in New Jersey boasting a 92.7% percent

occupancy rate. The Property is strategically positioned within close proximity of the New Jersey state Route 53, Interstate 80 (I-80),

Interstate 287 (I-287), and the New Jersey Turnpike, within a well-located hub of industrial properties, and with proximity to Boston,

New York City, Philadelphia and Washington D.C. markets.

1 Luger Road is situated at the gateway of the Metro New York market, and the crossroads of the Northern New Jersey (“NNJ”)

distribution market. In addition, the leaseback contemplates a market base rent with contractual rental escalations.

The subject offering presents a rare opportunity to acquire a single-tenant, net-leased rail-served industrial asset in the “NNJ Industrial

Core” with stable in-place cash fl ow, upside opportunity, and immediate access to the New York Metro large scale consumer market.

Block & Metal PanelCONSTRUCTION

T-5 Fluorescent Light FixturesLIGHTING

100% Dry Sprinkler SystemSPRINKLER SYSTEM

22’ - 25’ ClearCEILING HEIGHT

1 Tailgate & 6 Drive-in Doors (±16’ x 22’)LOADING DOCKS/DRIVE-IN DOORS

±60’ x 40’COLUMN SPACING

1200 Amps, 3-Phase, 277-480 VoltsPOWER

Capacity for six (6) 65’ High Cube Rail Cars(Norfolk Southern Served)RAIL

BlueLinx CorporationTENANT

Fifteen (15) yearsLEASE TERM

$7.00 NNN with 2% Annual Rent IncreasesPROPOSED RENTAL RATE

Zoned I-2ZONING

$101,835.35 ($1.00/SF)PROPERTY TAXES

Executive Summary

1 Luger Road 5

Site Plan

Cushman & Wakefi eld Copyright 2017. No warranty or representation, express or implied, is made to the accuracy or completemess of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

** ±41,000 SF Canopy is not included in the rentable square feet (RSF).

**

Executive Summary


Floor Plan

Cushman & Wakefi eld Copyright 2017. No warranty or representation, express or implied, is made to the accuracy or completemess of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

** ±41,000 SF Canopy is not included in the rentable square feet (RSF).

**

Executive Summary

1 Luger Road 7

ExExExExE ecccututu ivivive e SuSSSSuSuSuSSuSuSuSuSuSSuSSuSuSuSuSummmmmmmmmmara yyyy

1 L1 L1 LLugeugeuger Roadadadadadadoadd 7

1 Luger Road

Local Map

©Google 2016

Executive Summary


20 Miles

40 Miles

60 Miles

1 Luger Road

Strategically Located

Miles From

Newark Int’l Airport 26.5

Port Newark/Elizabeth 30.3

Brooklyn 33.3

Staten Island 34.4

Bronx 39.0

Queens 47.5

Regional Map

©Google 2016

Executive Summary

1 Luger Road 9

Financials Section released upon receipt of signed Confi dentiality Agreement.

Broker NameExecutive Managing Director+1 234 567 8901fi [email protected]




cushmanwakefi eld.com

Jason BartonSenior Director+1 732 243 [email protected]

Charles FernExecutive Managing Director+1 732 243 [email protected]

Jeffrey WilliamsManaging Director+1 610 729 [email protected]

Matthew MarshallManaging Director+1 610 729 [email protected]

bluelinx 1 luger road, denville, nj

Real Estate