SMART OFFICE CLYDE PARK PH II126 & 130 INTEGRA BREEZE LANE

DAYTONA BEACH, FL 32117

Chris ButeraPrincipal

386.453.4789chris.butera@svn.com

SVN | ALLIANCE COMMERCIAL REAL ESTATE ADVISORS | 1275 WEST GRANADA BLVD., SUITE 5B, ORMOND BEACH, FL 32174 OFFERING MEMORANDUM

PROPERTY INFORMATION 1Property Summary

Overview

Complete Highlights

SMART Office

SOCP Site Plan

Floor Plan--Building 3

Floor Plan--Building 4

LOCATION INFORMATION 2Regional Map

Location Maps

Aerial Map

Demographics Map

FINANCIAL ANALYSIS 3Financial Summary

Income & Expenses

Statement of Limiting Conditions

OFFERING MEMORANDUMSMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE, DAYTONA BEACH, FL 32117

1 PROPERTYINFORMATION126 & 130 Integra Breeze Lane

Daytona Beach, FL 32117

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate Advisors | Page 3

OFFERING SUMMARY

Sale Price: $1,785,000

Cap Rate: 7.0%

NOI: $125,062

Year Built: 2020

Total Square Footage: 7,000 SF

Zoning: PD

Price / SF: $255.00

Offered for sale is this unique investment opportunity in Daytona Beach, FL. SMART Office Clyde Park (SOCP) is the firstSMART Office to be developed in Volusia County. SOCP is ideally located just off of Clyde Morris Blvd, between LPGA Blvdand Granada Blvd. Offered for sale today is Phase II of SOCP (Buildings 3 & 4, 7,000 SF). Phase I of SOCP was constructedin 2018 and is fully leased.

SOCP is designed to meet today's professional office needs and offers properly sized, modern and adaptive office suites.All four of these tech-friendly suites are 1,750 SF. All suites feature private offices, private bathroom, 24/7 access, abovecode parking and refreshment bar. The buildings are one-story block construction and have parapet walls with a slopedroof. All lighting on the property is LED and every unit has its own SMART deadbolt and thermostat (by Nest).

The property is brand new and will be delivered 100% occupied. All leases are NNN with annual increases.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Brand new SMART Office investment property

• 100% occupied with NNN leases with annual increases

• Synergistic mix of national and local tenants

• Ideally located along Clyde Morris Blvd near the incredible residential and commercial growth on LPGA Blvd

• Site provides quick access to Ormond Beach, Latitude Margaritaville, Tanger Outlet Mall and I-95

• Modern, adaptive, tech-friendly office suites

• One-story block construction with quality finishes in brand new condition

Property Summary

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate 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.

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate 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.

SVN Alliance is proud to offer this unique investment opportunity in Daytona Beach, FL. SMART Office Clyde Park (SOCP) is the first SMART Office to be developed in VolusiaCounty. SOCP is ideally located just off of Clyde Morris Blvd, between LPGA Blvd and Granada Blvd. Offered for sale today is Phase II of SOCP (Buildings 3 & 4, 7,000 SF).Phase I was constructed in 2018 and is fully leased.

PROPERTY OVERVIEW

SMART Office Clyde Park is ideally located on Integra Breeze Lane, just off of Clyde Morris Blvd. The site sits between LPGA Blvd to the south and Granada Blvd to the north.Integra Breeze Lane is immediately north of Strickland Range Rd and adjacent to the back entrance to the Integra Shores apartments.

SOCP is positioned as the only brand new office space to serve the incredible residential and commercial growth occurring on and around LPGA Blvd. We are just a fewminutes from Latitude Margaritaville and their planned 7,000 residents. This will be the ideal location for professionals that want to tap into the tremendous buying powerthat Latitude Margaritaville provides in addition to the overall Daytona/Ormond Beach markets.

LOCATION OVERVIEW

Overview

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate 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.

SALE HIGHLIGHTS

• Brand new SMART Office investment property

• 100% occupied with NNN leases with annual increases

• Synergistic mix of national and local tenants

• Tenants are able to control their own office environment with privateentry, private restroom, private offices, private break area and theirown HVAC system

• Designed to keep tenants comfortable and confident in a post-Covidworld

• Ideally located along Clyde Morris Blvd near the incredible residentialand commercial growth on LPGA Blvd

• Site provides quick access to Ormond Beach, Latitude Margaritaville,Tanger Outlet Mall and I-95

• Modern, adaptive, tech-friendly office suites

• One-story block construction with quality finishes in brand newcondition

• Ideal investment for a 1031 investor

• Projected 18% IRR over a 10 year hold

• The first SMART Office to be developed in Volusia County!

Complete Highlights

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate 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.

SMART Office

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate 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.

SOCP Site Plan

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate 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.

SOCP Floor Plan

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate 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.

Floor Plan--Building 4

2 LOCATIONINFORMATION126 & 130 Integra Breeze Lane

Daytona Beach, FL 32117

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate Advisors | Page 11

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate 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.

Regional Map

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate 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.

Location Maps

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate 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.

Aerial Map

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate 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.

POPULATION 1 MILE 5 MILES 10 MILES

Total population 2,979 93,112 193,896

Median age 58.0 40.7 43.6

Median age (Male) 49.5 39.3 41.8

Median age (Female) 59.6 42.3 45.3

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 1,536 38,029 82,190

# of persons per HH 1.9 2.4 2.4

Average HH income $47,849 $49,222 $52,543

Average house value $197,567 $208,357

* Demographic data derived from 2010 US Census

Demographics Map

3 FINANCIALANALYSIS

126 & 130 Integra Breeze LaneDaytona Beach, FL 32117

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate Advisors | Page 16

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate Advisors | Page 17The 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 SMART OFFICE CLYDE PARK PHASE II FINANCIALS

Price $1,785,000Price per SF $255.00CAP Rate 7.0%Cash-on-Cash Return (yr 1) 13.1 %Total Return (yr 1) $58,937Debt Coverage Ratio 1.34

OPERATING DATA SMART OFFICE CLYDE PARK PHASE II FINANCIALS

Gross Scheduled Income $171,150Other Income -Total Scheduled Income $171,150Vacancy Allowance $8,557Effective Income $162,592Fixed & Operating Expenses $37,530Net Operating Income $125,062Pre-Tax Cash Flow (After Debt Service) $31,411

FINANCING DATA (75% LTV, 5.0% INTEREST, 25 YR AMORT) SMART OFFICE CLYDE PARK PHASE II FINANCIALS

Down Payment $450,000Loan Amount $1,335,000Debt Service $93,651Debt Service Monthly $7,804Principal Reduction (yr 1) $27,526

Financial Summary

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate Advisors | Page 18The 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 SMART OFFICE CLYDE PARK PHASE II FINANCIALS PER SF

Gross Income $162,592 $23.23

EXPENSE SUMMARY SMART OFFICE CLYDE PARK PHASE II FINANCIALS PER SF

Gross Expenses $37,530 $5.36

Net Operating Income $125,062 $17.87

Income & Expenses

This Offering Memorandum and any subsequent info provided by SVN or Owner is subject to and conditioned upon the Statementof Limiting Conditions which can be found online at: http://properties.svn.com/SOClydeParkSale

SMART OFFICE CLYDE PARK PH II | 126 & 130 INTEGRA BREEZE LANE DAYTONA BEACH, FL 32117 SVN | Alliance Commercial Real Estate Advisors | Page 19The 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.

Statement Of Limiting Conditions