marketing book 2014 -...

All information provided is from sources deemed reliable, but no representations made as to the accuracy, therefore and provided subject to error, omissions, change of price or other conditions prior sale or withdrawal without notice.

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Table of Contents SHOPPING CENTERS FOR SALE Huntington Plaza Shopping Center, Huntington, IN Alameda Shopping Center, Tulsa, OK Centereach Plaza, Centereach, NY Midwest Shopping Center Portfolio, Michigan, Ohio, Indiana Peppertree Commons (Leasehold Interest), Commack, NY Grocery Anchored Shopping Center (Mall of the Bluffs), Council Bluffs, IA Jacksonville Regional, Jacksonville, FL Malone Plaza, Malone, NY SINGLE TENANT NET LEASE (STNL) FOR SALE Ashley’s Furniture - NNN, Bayport, NY Rite Aid Portfolio (4 Stores) - Absolute NNN, Baltimore & Cambridge, MD Retail Taxpayer - STNL, W. Hempstead, NY Branford Hall Career Institute (NN), Amityville, NY 53K SF Vacant Retail, Patchogue, NY Jennifer Convertibles, Coram, NY Rite Aid (NN), Winchendon, MA Regional Supermarket, New Hyde Park, NY Portfolio of National/Regional Credit Tenants - Single Tenant Net Leased Retail Stores (9 Buildings) , Council Bluffs, IA McDonald’s Ground Lease, Council Bluffs, IA Chinatown Restaurant/Lounge (Retail Condominium), New York, NY State of Michigan, Detroit, MI OFFICE BUILDINGS FOR SALE 2-Story Office Building, Medford, NY 5-Story Office Building with Antenna Tenants, Deer Park, NY DaVita Anchored Medical Office Building, Freeport, NY GSA Anchored Office Building, Bronx, NY Manhasset Medical/Office Condo Building , Manhasset, NY 4-Story Office Building with Retail, The Hub, Bronx, NY Holiday Office Park - 10 Office Buildings, Lansing, MI Medical Office Building - Great Neck, NY MIXED-USE BUILDINGS FOR SALE Mixed-Use Building, Island Park, NY

Offering Memorandums for each property above is available upon request


SHOPPING CENTERSSHOPPING CENTERSSHOPPING CENTERS


Huntington Plaza Shopping Center 2000 N. Jefferson Street Huntington, IN 46750 SUMMARY

Price: $9,300,000 GLA: 189,420 SF Lot Size: 16.69 AC Price/SF: $49.10 Occupancy: 88% NOI (Actual): $778,665

HIGHLIGHTS

National Credit Anchor Tenants - Big Lots (Lease Exp. 2015) and JC Penny (Lease Exp. 2014) Regional and National Credit Tenants Occupy 80% of the GLA Value-Add Opportunity: Leasing Upside Strong Junior Anchor Tenants: Sears, Dollar General, Peebles, Goodwill, and Hallmark Recent Renovations: New Façade (2004) Potential Outlot Development Opportunity

ACTUAL OPERATING INCOME Base Rent: $953,918 Reimbursements: $163,861 Total Gross Income $1,117,779 Total Expenses: $339,114 NOI: $778,665

LEASING INFORMATION Space 1: 10,130 SF $4 NNN

DEMOGRAPHICS 1-mi. 3-mi. 5-mi. 2011 Total Population 7,432 20,250 23,226 2011 Median Household Income $34,640 $34,819 $37,813 2011 Per Capita Income $18,509 $19,784 $20,968 2011 Average Household Income $50,853 $52,070 $55,316

IN CONTRACTIN CONTRACTIN CONTRACT


Alameda Shopping Center 2100 S. Sheridan Road Tulsa, OK 74129 SUMMARY

Price: Make Offer GLA: 190,648 SF Lot Size: 16.76 AC Price/SF: n/a Occupancy: 84% NOI (Estimated): $783,523 Cap Rate (Actual): n/a Year Built: 1965-1989

HIGHLIGHTS

National Credit Anchor Tenants - Big Lots, Save-A-Lot, and T-Mobile Value-Add Opportunity: Leasing Upside (31K SF of vacancy) Recent Renovations made in 2009 Established trade area with great visibility Less than 2 miles from nearby highways

ESTIMATED OPERATING INCOME NOI: $783,523

Loan Balance: $6,500,000 Annual Debt Service: $380,000

LEASING INFORMATION 11 spaces available

Min. Divisible: 841 SF Negotiable Max. Contiguous: 8,411 SF Negotiable



Centereach Plaza 1929 Middle Country Road Centereach, NY 11720 SUMMARY Price: $15,200,000 GLA: 47,602 SF Lot Size: 3.66 AC Price/SF: $319 Occupancy: 83% NOI (Actual): $1,067,117 Cap Rate: 7% Year Built: 1958

HIGHLIGHTS

11,000 SF recently leased to Dollar Tree (Anchor) Strong National Credit Tenants: Sleepy’s Mattress, OTB, and Sherwin Williams Leasing Upside and potential for outparcel development Most tenants have either (1) or (2) 5 year options periods to renew Corner of major intersection: Middle Country Rd and Eastwood Blvd 210 Parking Spaces Neighboring Properties include Bank of Smithtown, Mavis Tires, Auto Zone, Modell’s, Mandee, and Gold Gymnastics LOI from National Retailer (S&P: A-) to ground lease 1,800 SF

OPERATING INCOME Total Gross Income $1,317,620 Total Expenses: $250,500 NOI: $1,067,117 Loan Amount: $7,100,000 Debt Service: $410,000

LEASING INFORMATION Space 1: 8,000 SF $20 NNN Landlord will Master Lease for one year.



Midwest Shopping Center Portfolio Michigan, Ohio, Indiana

SUMMARY Price: $45,000,000 GLA: 1,009,702 SF Avg. Occupancy: 79% Price/SF $44.57 NOI: $4,042,007 Cap Rate: 9%

HIGHLIGHTS

The offering represents a rare opportunity for an investor to purchase one of the largest portfolios of shopping centers on the market with significant value add potential along with a strong stable cash-flow in place. The portfolio totals approximately 1 million square feet and has an average occupancy of 81%. Six of the seven shopping centers within the offering consist of an anchor tenants occupied by a national credit tenants while the other one is occupied by a regional tenant. The portfolio’s major tenants include TJMaxx, Forman Mills, Dollar General, Family Farm & Home, Save-A-Lot, Big Lots, Family Dollar, and Value City Furniture.

Seller is willing to Master Lease the total vacant spaces (188,346 SF) within the portfolio at the average rent of $6.04 (Total Income/Total Occupied SF) and/or offer attractive seller financing.

Name City, State SF Occup. Total

Income Total

Expenses NOI

Bel Air Centre Detroit, MI 439,551 93% $1,580,331 $217,160 $1,363,171

Eastridge Commons Flint, MI 169,676 44% $894,839 $177,314 $717,525

Lafayette Center Indianapolis, IN 116,260 87% $803,688 $145,304 $658,384

Lenox Square Richmond, MI 92,507 65% $433,208 $149,310 $283,898

Gallia Street Shoppes Portsmouth, OH 79,808 93% $504,937 $86,299 $418,638

Marion Plaza Columbus, OH 67,500 95% $392,904 $74,614 $318,290

Cable Shores Canton, OH 44,400 87% $352,332 $69,603 $282,729

Total 1,009,702 81% $4,962,239 $919,604 $4,042,635


Peppertree Commons (Leasehold Interest) 6401 Jericho Turnpike Commack, NY 11725 SUMMARY Price: $12,300,000 Property Type: Retail for Lease/Sale GLA: 36,235 SF Lot Size: 3.67 AC Occupancy: 63% NOI: $1,239,441 Cap Rate: 10% Year Built: 1985

HIGHLIGHTS Ground Lease - expires Dec 2062 ±422 Feet of Frontage Along Jericho Turnpike and ±351 Feet of Frontage Along Town Line Road 13 Retail Spaces and on-site Parking For 215 Cars. Landlord willing to master lease vacancies. The corner unit is the largest with 9,582± square feet and with potential for outparcel development Site improvements include façade, repaved parking lot, lighting and landscaping Tenant Roster includes national and regional tenants such as Anthony Coals Pizza, Chocolate Works, and Pearl Vision. 2 LOI’s in place from National Tenants interested in a pad development. Opportunity to develop additional tenant space by converting unused common area

PROJECTED OPERATING INCOME Total Gross Income: $1,848,672 Total Expenses: $265,151 Ground Lease: $344,080 NOI: $1,239,441

LEASING INFORMATION Space 1: 9,582 SF $35/SF NNN Space 1: 2,006 SF $45/SF NNN Space 2: 1,785 SF $45/SF NNN Landlord will Master Lease for one year.



Grocery (Hy-Vee) Anchored Shopping Center 1745 Madison Ave Council Bluffs, IA SUMMARY Price: Make Offer GLA: 74,361 SF Lot Size: n/a Occupancy: 100% NOI: $590,995 Year Built: 1977

HIGHLIGHTS

A dominant ±74,361 SF grocery anchored shopping center that is 100% occupied. Anchored by Hy-Vee supermarket presents an investor with a stable, long-term income stream. Hy-Vee’s lease expires in December 2025 store sales are reportedly $40M annually ($571 PSF). ±2,500 daily shoppers that visit the store for their daily needs provide a constant customer flow to the adjoining tenants who include Papa Murphy’s Pizza, Great Clips, and TS Bank Solution Center. Customer draw allows an investor the ability to continuously maximize occupancy and rental rates. Hy-Vee occupies 94% of the physical space and contributes to 80% of the annual income stream. Hy-Vee (Ground Lease) pays Taxes and Insurance directly. Minimal landlord obligations.

ACTUAL OPERATING INCOME Base Rent: $533,476 Reimbursements: $69,519 Total Gross Income $602,995 Total Expenses: $12,000 NOI: $590,995



Jacksonville Regional Shopping Center 3000 Dunn Avenue Jacksonville, FL 32218 SUMMARY Price: $18,100,000 GLA: 219,735 SF Lot Size: 30.81 AC Occupancy: 95.5% NOI: $1,446,847 Cap Rate: 8% Year Built: 1988

HIGHLIGHTS The Property is anchored by Winn Dixie and JC Penney, both of which have long occupancy history at the center with excellent store sales history. Winn Dixie recently exercised their option for 5 years.

86% of the currently leased tenancy at the Property has been in occupancy at the center for at least ten years.

Winn Dixie and JC Penney account for 57% of the GLA at the Property and 40% of the in-place potential gross income.

Jacksonville Regional Shopping Center is located along Dunn Avenue, the dominant east-west corridor on Jacksonville’s north side. Daily traffic counts near the center exceed 16,000.

The trade area has seen tremendous growth in the last decade. Cumulative population growth within three miles of Jacksonville Regional was 20%. The Property has upside through the lease up of currently vacant space. The 18,880 SF available is comprised of mostly small shop inline space.

ACTUAL OPERATING INCOME Total Gross Income $1,797,438 Total Expenses: $350,591 NOI: $1,446,847



Malone Plaza 230 West Main Street (Route 11) Malone, NY 12953 SUMMARY Price: Make Offer

GLA: 178,593 SF

Lot Size: 25.37 AC

Occupancy: 86.4%

NOI: $1,000,347

Year Built: 1991

HIGHLIGHTS Upside through lease up of vacant space (24,290 sf)

Quality retail asset with strong, stable in-place cash flow

Regional retail destination attracts consumers from vast trade area

Staggered lease expiration dates mitigates tenant rollover risk Anchor tenant (Big K) has tenanted the property since 1991.

National tenants include Peebles, Joann Fabrics, Label Shopper, Olympia Sports, Rent-A-Center, and Radio Shack

Located along the heavily trafficked Route 11. This stretch of road is the main retail corridor in the area, with other long-term retailers such as Wal-Mart, Price Chopper, and Aldi.

ACTUAL OPERATING INCOME Total Gross Income $1,237,786

Total Expenses: $237,439

NOI: $1,000,347



SINGLE TENANT LEASESINGLE TENANT LEASESINGLE TENANT LEASE


Ashley’s Furniture - NNN 700 Sunrise Highway Bayport/Patchogue, NY 11772 SUMMARY Price: Make Offer Cap Rate: 7% Lease Term: Apr 08 - Jun 18 Lease Type: Net Lease Options: 3/5 yr GLA: 21,128 SF Lot Size: 3.73 AC Price/SF: n/a NOI: $757,413 Year Built: 2005

HIGHLIGHTS

Free Standing Building on very busy road/area with on-site parking for 196 cars 365 feet of frontage on Sunrise Highway 9,000 SF of Development Opportunity Corporate backed lease

PROJECTED OPERATING INCOME Base Rent: $757,413 Annual Increases: 3%

1-mi. 3-mi. 5-mi. 2011 Total Population 9,464 85,089 187,085 2011 Median Household Income $69,109 $79,255 $82,444 2011 Per Capita Income $34,738 $35,700 $34,088 2011 Average Household Income $86,492 $99,134 $99,382

DEMOGRAPHICS

9,000 SF of development opportunity


Rite Aid Portfolio (4 Stores) - Absolute NNN Zero Cash Flow Baltimore, MD and Cambridge, MD SUMMARY Price: $6,800,000 Cap Rate: 8% Lease Term: Feb 97 - Feb 19 Lease Type: Absolute NNN GLA: 36,228 SF Lot Size: 3.19 AC Price/SF: $187 NOI: $543,701 Year Built: N/A

HIGHLIGHTS

All properties are NNN leased to Rite Aid and must be purchased as a package 4 Free-standing buildings - 3 locations in Baltimore and 1 in Cambridge 2 Stores Rite Aid stores, 1 Store subleased to Family Dollar, and 1 Store subleased to Save Land Food Mart All Stores are guaranteed by Rite Aid Corp 2 occupied Rite Aid s may be broken off individually at a 7% cap rate.

ACTUAL OPERATING INCOME Base Rent: $543,701 Options: 4/5 yr



Retail Taxpayer - Single Tenant Net Lease 152-154 Hempstead Turnpike W. Hempstead, NY 11552 SUMMARY Price: $975,000 Cap Rate: 8.5% Lease Term: Jul 09 - Aug 17 Lease Type: Net Lease Options: 1/3 yr GLA: 2,800 SF NOI: $82,812 Year Built: 1952

HIGHLIGHTS

Net Leased to Church Retail Property on very busy road/area with street parking Church extended option early and leased (extended to) space next door in 2011. Church recently (March 2014) exercised option for 3 years.

ACTUAL OPERATING INCOME Base Rent: $82,812 Reimbursements: $24,208 Total Gross Income $107,020 Total Expenses: $24,208 NOI: $82,812 Option Period: 3% Annual Increases


DEMOGRAPHICS


Single Tenant - Branford Hall Career Institute

110 Broadway (Route 110) Amityville, NY 11701 SUMMARY Price: Make Offer Cap Rate: 6% Property Type N Lease Term: Aug ‘13 - July ‘28 GLA: 23,276 SF Lot Size: 2.20 AC Occupancy: 100% Parking Spaces: 165 Year Built: 1988 (recently full renovation)

HIGHLIGHTS

Branford Hall Amityville campus offers career-focused programs and training. The Amityville campus offers a medical assistant program, medical billing and coding courses, and paralegal.

Tenant’s lease is backed by Premier Education Group (www.premiereducationgroup.com) - one of the nation’s leading privately owned career-training organizations and offers professional career-focused education at twenty seven campuses concentrated in the Northeastern United States as well as campuses in Florida and Colorado. 235 feet of frontage with two entrances to the parking lot. Landlord has placed close to a million dollars in renovations. Long Island is the most densely populated island in the U.S. with as many as 20 percent of its residents commuting to New York City for employment

ACTUAL OPERATING INCOME Base Rent: $623,328 Expenses (base year taxes): $72,143 NOI: $551,185 Options: None Annual Increases: 3%


DEMOGRAPHICS


53K SF Vacant Retail Space 10 Sills Road Patchogue, NY 11772 SUMMARY Price: Make Offer Cap Rate (Proj): 10% Lease Type: Absolute NNN GLA: 53,500 SF Lot Size: 5.2 AC Price/SF: n/a Year Built: 1965 (under full renovation)

HIGHLIGHTS

Free Standing Building 1 mile south of Sunrise Highway 250 Parking Spaces Across the street from the new Lowes Shopping Center and McDonalds Close proximity to Sunrise Highway and Montauk Highway

PROJECTED OPERATING INCOME

Base Rent @ $20 psf: $1,070,000


DEMOGRAPHICS

LEASING INFORMATION 1 Spaces Available

Min Divisible 53,500 SF $20/SF


Jennifer Convertibles 2257 Route 112 Coram, NY SUMMARY Price: Make offer Cap Rate 6% Lease Type: Gross Lease Term: Nov ‘10 - Aug ‘23 GLA: 28,000 SF Lot Size: 1.94 AC Price/SF: n/a NOI: $363,576 Year Built: 1970 Parking Spaces: 63

HIGHLIGHTS

28,000 SF freestanding building with ample parking Completely renovated in 2006 One truck loading dock and one overhead door Located at a extremely busy intersection of Rt. 112 & SR-25 in Coram, NY Hub of greater Coram area Neighboring Tenants include Home Depot, Super Stop & Shop, H&R Block, new AvalonBay multi-family development, Astoria Federal Savings, Burger King, Subway, Dunkin Donuts, Verizon Wireless, and 7-11 Potential for Development

ACTUAL OPERATING INCOME

Total Income: $424,875 Total Operating Expenses $61,229 NOI $363,576


DEMOGRAPHICS


Rite Aid (NN) 250 Central St Winchendon, MA 01475 SUMMARY Price: $2,450,000 Cap Rate 7.75% Lease Type: NN Lease Term: Jan ‘07 - Dec ‘22 GLA: 15,000 SF Lot Size: n/a Price/SF: $163 NOI: $195,115 Year Built: n/a Parking Spaces: 69 (estimated)

HIGHLIGHTS

NN Lease to Rite Aid – Landlord only responsible for roof and structure

Established Location – Lease Commenced in 1984

Corporate Guarantee from Rite Aid, Nation's Third Largest Drugstore Chain

Rite Aid showed commitment to this location by exercising their 2nd option period two years in advance

Very Low Drug Store Rent ($11.77 per square foot)

One of two major drug stores in all of Winchendon, MA (Rite Aid and CVS)


Total Income: $190,115 Total Operating Expenses $0 NOI $190,115 Options 2(5) year


DEMOGRAPHICS


Regional Supermarket with Antenna Hillside Ave New Hyde Park, NY SUMMARY Price: Make Offer

Cap Rate 3.5%

Lease Type: NN

Lease Term: Jun ‘11 - May ‘31

GLA: 18,800 SF

Lot Size: 1.14 AC

Price/SF: n/a

NOI: $417,000

Year Built (Renovated): 2011

Parking Spaces: 73 (with street parking)

HIGHLIGHTS

High-End Regional Supermarket and AT&T – No Landlord Responsibilities except roof + structure Long Term Lease in place with annual rent increases – ideal for a 1031 exchange Established (Private) Company with 18 stores throughout Long Island, NY (also in Harlem and NJ). It offers fresh fruits, vegetables, meat products, baked breads, boar's head cold cuts, and groceries. Brand new Façade in 2011 Corporate Guarantee - Est. Revenue of $39 million and Est. Employees of 465

Parking lot is always fully occupied with vehicles

Excellent demographics/located on a heavy trafficked road with great visibility


Total Income: $417,000

Total Operating Expenses: $0

NOI: $417,000

Options: 4(5) year

Increases: 10% every 5 years


DEMOGRAPHICS *Signage has been removed from picture for confidentiality purposes


Portfolio of National/Regional Credit Single Tenant Net Leased Retail Stores (9 Buildings) Council Bluffs, IA SUMMARY Price: Make Offer - May be purchased separately Cap Rate: 5% Lease Type: Absolute NNN

GLA: 34,172 SF

Lot Size: n/a

Price/SF: $190

NOI: $424,437

Year Built : n/a

Parking Spaces: n/a

HIGHLIGHTS

A ±34,172 combined SF of nine, single tenant users on their own separate parcels Single Tenant Corridor includes nine outparcels, 8 of which feature credit tenants such as McDonald’s, KFC, US Bank, Mutual First Credit Union, Great Western Bank, Council Bluff ’s Savings Bank, and Alegent Health The majority of these tenants are on substantially below market rental rates that range from $7.32 to $19.62 NNN McDonald’s recently exercised their option for another 5 years KFC has recently offered to purchase their current pad site at this location The daily shoppers that visit the adjoining Mall and Shopping Center (Hy-Vee) for their daily needs provide a constant customer flow within the Single Tenant Corridor




NOI: $424,437

1-mi. 3-mi. 5-mi.

2011 Total Population 25,753 160,867 503,292 2011 Median Household Income $101,346 $99,892 $84,804 2011 Per Capita Income $40,720 $47,976 $39,942 2011 Average Household Income $121,093 $138,461 $120,527

DEMOGRAPHICS


McDonald’s Ground Lease 1751 Madison Ave Council Bluffs, IA SUMMARY Price: Make Offer Cap Rate: 4%

Lease Type: NNN

GLA: 5,000 SF

Lot Size: n/a

Price/SF: n/a

NOI: $36,588

Year Built: 1988

Parking Spaces: +/- 55




NOI: $36,588

1-mi. 3-mi. 5-mi.


DEMOGRAPHICS

HIGHLIGHTS McDonald’s serves as a pad site to the Mall of the Bluffs and a grocery (Hy-Vee) anchored shopping center Tremendous value add opportunity – McDonald’s rent is significantly below market at $7.32 psf (market rents are $15 - $25 psf). Other pad sites within the Mall have presented ownership with offers to purchase their own sites such as KFC who is currently in contract. The daily shoppers that visit the Mall and the Shopping Center for their daily needs provide a constant customer flow within the Single Tenant Corridor Near Iowa Western Community College with over 4,600 students and over 1,100 on-campus residents and The Lewis Central Community School District with over 3,000 students enrolled. Conveniently located on I-80, with 60,000 vehicles passing per day


Chinatown Restaurant/Lounge (Retail Condo) 302 Broome St New York, NY

SUMMARY Price: Make Offer Cap Rate: 3.5% Lease Type: Gross Lease Term: 15 years GLA: 3,846 SF Lot Size: .05 AC Price/SF: n/a NOI: $247,566 Annual Increases: 3.5% Year Built: n/a Stories: 1 + basement


Total Income: $282,000 Total Operating Expenses $34,434 NOI $247,566 Increases: 3.5% annul

DEMOGRAPHICS 1-mi. 3-mi. 5-mi.

2012 Total Population 175,758 1,002,302 2,500,354 2012 Median Household Income $57,515 $69,553 $59,759 2012 Per Capita Income $46,365 $52,402 $42,880 2012 Average Household Income $99,079 $106,848 $95,604

HIGHLIGHTS

2 Retail Condos leased to a strong tenant with another well know and established restaurant in Soho which caters to Celebrities on Sundays. Tenant has fully renovated their space to look brand new. Restaurant on ground floor with a lounge on lower level. Expected to open in April of 2014. Long Term Lease in place with annual rent increases – ideal for a 1031 exchange. Steps from the biggest names in the restaurant, art and fashion industry. Two blocks from the J, Z, B, and D subway lines. Lease is backed by a personal guarantee.


State of Michigan 17330 Greydale Ave Detroit, MI

SUMMARY Price: $4,000,000 Cap Rate: 8% Lease Type: Jan ‘78 - Sep ‘16 Option: 1(5) year GLA: 29,914 SF Lot Size: n/a Price/SF: $134 NOI: $320,017 Annual Increases: None Year Built: n/a

ESTIMATED OPERATING INCOME

Total Income: $534,017 Total Expenses: $214,000 NOI: $320,017

DEMOGRAPHICS 1-mi. 3-mi. 5-mi.


HIGHLIGHTS

100% occupied to the State of Michigan (Human Services) Landlord is responsible for all expenses except utilities which are paid directly by the Tenant S&P Credit Rating: AA- (High Grade) Tenant has been in this location since 1978. Tenant has 1(5) year option remaining with a high probability of renewal. To learn more about this tenant, visit their website


OFFICE BUILDINGSOFFICE BUILDINGSOFFICE BUILDINGS


2-Story Office Building - National Tenants 570 Expressway Drive South Medford, NY SUMMARY

Price: $6,450,000 GLA: 29,017 SF Lot Size: 2 AC NOI (Proj): $403,182 Cap Rate: 6.25% Occupancy: 85% Year Built: 2002

HIGHLIGHTS

Built in 2002 with plenty of parking. Clean, modern, extremely well maintained building in a central Suffolk County location. Property sits on the southeast corner of the Long Island Expressway South Service Road and Horse Block Road (County Road 16). Easy access on and off the LIE (Exit 65) Building is 85% occupied and includes long term credit tenants such as Newsday, New York Life Insurance, Quest Diagnostics, and Sovereign Bank)

OPERATING INCOME

Total Gross Income $590,648 Total Expenses: $187,466 NOI: $403,182

LEASING INFORMATION

2 Spaces Available (Landlord can Master Lease) Min Divisible 2,007 SF $20.75/SF Gross Max Divisible 2,345 SF $20.75/SF Gross

1-mi. 3-mi. 5-mi. 2011 Total Population 9,220 56,565 172,279 2011 Median Household Income $81,468 $79,078 $78,229 2011 Per Capita Income $25,749 $28,664 $31,328 2011 Average Household Income 91,450 $90,762 $91,470

DEMOGRAPHICS


5-Story Office Building 60 E. Industry Court Deer Park, NY 11729 SUMMARY

Price: Make an offer GLA: 21,229 SF Lot Size: 1.68 AC Price/SF: n/a NOI (Projected): $334,955 Cap Rate: n/a Occupancy: 84% Year Built: n/a

HIGHLIGHTS

Regional Bank on First Floor Local professional tenants - Landlord can master lease vacant space Property provides over 120+ parking spaces Long Leases amongst tenants Less than a mile from the train station and Tanger Mall

OPERATING INCOME Total Gross Income $503,882 Total Expenses: $168,927 NOI: $334,955


LEASING INFORMATION

1 Spaces Available (Landlord can Master Lease) Min Divisible 3,300 SF Negotiable


DaVita Anchored Medical Office Building 267 West Merrick Rd Freeport, NY 11520 SUMMARY Price: Make an offer GLA: 19,200 SF Lot Size: 0.57 AC Price/SF: n/a NOI: $356,312 Cap Rate: n/a Occupancy: 74% Year Built: 1970

HIGHLIGHTS

DaVita (NYSE: DVA) is a fortune 500 company DaVita lease expires in 2020 (DaVita occupies 70% of GLA) Net Leased - Landlord responsible for taxes over base year and portion of insurance expenses Near two hospitals Dialysis centers have a very high start up cost - moving is inefficient


LEASING INFORMATION Space 1: 1,500 SF Negotiable

Space 2: 3,500 SF Negotiable

Landlord will Master Lease for one year.



GSA Anchored Office Building 1380-1400 Parker Street (AKA 2350-2360 Westchester Ave) Bronx, NY 10462 SUMMARY Price: $10,700,000 GLA: 26,000 SF Lot Size: 0.42 AC Price/SF: $412 NOI: $642,029 Cap Rate: 6% Occupancy: 100% Year Built: 1998

HIGHLIGHTS

Anchored by the United States Government Social Security Office Two story office building with a 70 space indoor parking facility (lower level) Very dense and high traffic area GSA occupies 73% of the building

ACTUAL OPERATING INCOME Base Rent: $690,376 Reimbursements: $22,494 Total Gross Income $712,870 Total Expenses (Taxes): $70,841 NOI: $642,029 Loan Balance (assumable): $4,200,000 Interest Rate: 6.25% Annual Debt Service: $180,000

DEMOGRAPHICS 1-mi. 3-mi. 5-mi. 2011 Total Population 96,861 652,279 1,727,828 2011 Median Household Income $44,801 $36,165 $34,821 2011 Per Capita Income $20,457 $17,851 $18,894 2011 Average Household Income $54,135 $49,981 $53,763


Manhasset Medical/Office Condos 111 East Shore Rd Manhasset, NY 11030 SUMMARY

Sale Price: $450 psf Property Type: Condo Sale GLA: 58,137 SF 5,282 SF Mezz 24,054 SF 1st Fl. 28,801 SF 2nd Fl. Lot Size: 0.89 AC Year Built: 1982 Parking Spaces: 4:1,000 Stories: 3

HIGHLIGHTS

210 paved covered parking spaces on site and a lot due south of the property containing 30 additional parking spaces Located in the upscale town of Manhasset within the town of North Hempstead, the property is well located in western Nassau County. Located a couple of minutes from both the Manhasset and Great Neck train stations. 20 minutes from LaGuardia Airport, the property has direct access to the LIE, the Northern State Parkway (Grand Central Pkwy), and the Cross Island Parkway. Less than 1/2 mile from North Shore University Hospital and approximately two miles from Long Island Jewish Hospital. In close proximity to a large affluent residential community Recent renovations and improvements have been made to the exterior of the building, landscaping and parking lot, as well as lobby, common areas, bathrooms, HVAC systems, and elevators.


RENTAL VS CONDO COST CLICK HERE TO REQUEST COMPARISON REPORT


Medical Office Building 173 East Shore Rd Great Neck, NY 11023 SUMMARY

Sale Price: Make an Offer Cap Rate 4% NOI: $190,533 GLA: 8,795 SF Lot Size: 0.46 AC Price/SF: n/a Occupancy: 100% Year Built: 1992 # of Tenants: 2

HIGHLIGHTS Stable Investment

1) Medical Building with 100% Occupancy 2) Two Medical Tenants (Pediatrician and Dentist) both of whom have been in place for over 20 years and recently signed 10 year extensions. 3) Pediatrician paid for their own build-out indicating their commitment to their space. 4) High demand for Medical space with a low supply of available space in the area. 5) Both Tenants have 2.5% annual rent increases.

Building is in a upscale community (Great Neck is also one of the most affluent towns in the country) Located a quarter mile north of North Shore Hospital and a 1/4 mile east of the heart of the Town of Great Neck Minimal Landlord Responsibilities Excellent Demographics Located a couple of minutes from both the Manhasset and Great Neck train stations. 20 minutes from LaGuardia Airport, the property has direct access to the LIE, the Northern State Parkway (Grand Central Pkwy), and the Cross Island Parkway.

DEMOGRAPHICS 1-mi. 3-mi. 5-mi. 2012 Total Population 18,553 111,280 423,426 2012 Median Household Income $103,656 $102,609 $87,496 2012 Per Capita Income $56,965 $53,953 $43,116

2012 Average Household Income $139,610 $140,678 $116,403


*Both Medical Tenants have a 2.5% annual increase in their rents


Office Building w/ Retail (Delivered Vacant) 2999-3001 Third Ave The Hub, The Bronx, NY SUMMARY Price: $6,000,000 Property Type: Office/Retail GLA: 23,520 SF Lot Size: 0.14 AC Price/SF: $255 NOI: $499,512 Cap Rate: 8.3% Occupancy: 0%

LEASING INFORMATION

1st Floor 5,880 SF $40/SF 2-4th Floor 5,880 SF $18/SF

DEMOGRAPHICS 1-mi. 3-mi. 5-mi. 2011 Total Population 155,034 1,215,883 2,698,692 2011 Median Household Income $21,670 $30,253 $45,118 2011 Per Capita Income $12,318 $20,955 $36,851 2011 Average Household Income $35,684 $57,925 $93,106

PROJECTED OPERATING INCOME Gross Rent: $552,720 Expenses (Taxes and Insurance): $53,208 NOI: $499,512

HIGHLIGHTS

The subject property features (4) commercial units (floors) delivered vacant. A freight elevator and loading bay in the rear of the building. Each floor is individually metered for electric and utilizes its own space heaters, air conditioning and hot water heaters. Conveniently located in “The Hub,” the South Bronx’s premier shopping district. Major Tenants include: McDonald’s, Modell’s, CVS, Duane Reade, Jennifer Convertibles, Foot Locker, Dr. Jay’s, Conway, Payless, Cookies, Sleepy’s, Radio Shack, Porta Bella, Jimmy Jazz, Jennifer Convertibles, 9 West and 3 Banks. Nos. 2&5 subway lines, the Melrose Avenue Metro-North stop and (7) bus routes. Located directly across the street from “The Hub Retail and Office Center” a brand new $50 million, mixed-use development featuring a 260-car garage. Tenants include Rite-Aid, Forman Mills, Staples Office Superstore, and the NYC Dept. of Finance. The subject is also one block south of the recently constructed Dorado and Orion (a 58 unit mixed-use rental and a 61 unit mixed-use condo development).


Holiday Office Park (10 Office Buildings) Lansing, MI

SUMMARY Price: Make Offer Property Type: Office for Lease/Sale GLA: 398,430 SF Lot Size: 30.60 AC NOI (Projected): $4,000,000 Year Built: 1972-1978

LEASING INFORMATION Min Divisible: 100 SF Negotiable Max Contiguous: 25,000 SF Negotiable

DEMOGRAPHICS

PROJECTED OPERATING INCOME Total Gross Income: $5,000,000 Expenses: $1,000,000 NOI : $4,000,000

HIGHLIGHTS

This portfolio offers an exceptional Value Add opportunity due to the occupancy (38%), condition and location in a historically stable marketplace. The portfolio occupies two separate sites totaling approximately 30.60 acres bisected by Interstate 96. The first site, the North Complex , measures approximately 281,985 SF among five (5) buildings. The North Complex buildings contain the addresses 6500, 6520, 6545, 6546 Mercantile Way and 1048 Pierpont Drive. This portion of the portfolio is located on the east side of Pennsylvania Avenue just north of I-96. The second site, the South Complex , measures approximately 121,336 square feet also among five (5) buildings. The South Complex buildings contain the addresses 920, 940, 1000, 1020 Long Blvd. and 6810 Cedar Street. Located in the south corridor submarket of Lansing within Ingham County, the portfolio is situated along one of Metropolitan Lansing' s office and retail corridors. With easy freeway access and excellent visibility from Interstate 96, the portfolio is located just a short distance from downtown Lansing and Capital City Airport, as well as the main campus of Michigan State University in East Lansing.

1-mi. 3-mi. 5-mi.

2011 Total 7,822 57,260 107,807 2011 Median Household Income $35,194 $42,033 $41,707 2011 Per Capita Income $19,931 $21,729 $22,292 2011 Average Household Income $43,669 $52,198 $53,102

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