ACTON RIDGE BUILDING. For Sale Acton Road Birmingham, Alabama. 58,918 RSF Class A Office Building Birmingham, AL (MSA) JOE SANDNER, IV

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1 ACTON RIDGE BUILDING 58,918 RSF Class A Office Building Birmingham, AL (MSA) For Sale 2550 Acton Road Birmingham, Alabama joe4.sandner@colliers.com john.hennessy@colliers.com

THE OPPORTUNITY The Acton Ridge Building is a 2-story, 58,918 RSF Class A office building and is one of the most desirable office buildings in Birmingham.

2 THE OPPORTUNITY The Acton Ridge Building is a 2-story, 58,918 RSF Class A office building and is one of the most desirable office buildings in Birmingham. It is ideally located off Acton Road in the middle of the Birmingham MSA providing unparalleled access to I-459, Hwy 280 & I making it the location of choice due to its incredible convenience and accessibility for employees throughout the region. Constructed by Brasfield & Gorrie in 2000 for McLeod Software s corporate headquarters, the Acton Ridge Building has been professionally managed and maintained at an institutional quality level since completion. The Building is in excellent condition with a new roof (2016), new HVAC rooftop package units (2016) and new energy management system (2016). The floor plates are efficiently designed with common corridors on the east side of the Building allowing flexibility for an owner-occupant to lease to third party tenants. Offering Price: $7,660,000 (~$130/RSF) All information is furnished from sources deemed reliable. No warranty or representation is made as the accuracy thereof and it is submitted to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice. p. 2

BUILDING FEATURES AND AMENITIES > > Configured with ~20,000 RSF suites on both the 1st and 2nd floors and five (5) additional fully demised suites (reception area, break room, etc.

3 BUILDING FEATURES AND AMENITIES > > Configured with ~20,000 RSF suites on both the 1st and 2nd floors and five (5) additional fully demised suites (reception area, break room, etc.) > > Private locker rooms/bathrooms with showers on 2nd floor; private/executive restoom on 1st floor > > Data cabling (CAT5/CAT6) throughout building > > Data Room (~1,500 RSF) with secure access, raised flooring, FM 200 fire suppression system and redundant power supply; including separate Data Center (~400 RSF) with redundant HVAC system > > Shipping/receiving area with grade level loading > > Training room for 20 people with dedicated break room > > 24 hour secured card-key access > > 258 surface parking spaces (4.4/1,000 RSF) > > Monument signage on Acton Road > > Beautifully landscaped with underground irrigation system (separately metered) > > BeKare Child Development Center located directly across Acton Road DIRECT: DIRECT: p. 3

KEY CONSIDERATIONS > > Building is in near new condition with over $621,531 invested over the past 24 months > > Unparalleled convenience -- Less than 1 minute drive to I-459 interchange, 4 minute

> Above market surface parking at a ratio of 4.

4 KEY CONSIDERATIONS > > Building is in near new condition with over $621,531 invested over the past 24 months > > Unparalleled convenience -- Less than 1 minute drive to I-459 interchange, 4 minute drive to I-65 and Hwy 280 and numerous amenities within a 5 minute drive > > Grand, two-story lobby richly appointed with limestone floors and an open staircase leading up to the 2nd floor balcony > > Above market surface parking at a ratio of 4.4/1,000 RSF > > Tax advantaged location in Unincorporated Jefferson County (no City of Birmingham occupational tax and no municipal property taxes) > > Highly attractive corporate environment that is the location of choice for prominent companies such as WAKM, Iberia Bank, Doster Construction, Hoffman Media and Command Alkon > > Replacement cost for similar quality building construction estimated at approximately $250/RSF > > Significant value in existing tenant improvements due to heavily built out private office configuration throughout building All information is furnished from sources deemed reliable. No warranty or representation is made as the accuracy thereof and it is submitted to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice. p. 4

5 AREA AMENITIES Shops at Colonnade GRANDVIEW MEDICAL CENTER ACTON RIDGE Patchwork Farms River Ridge Dolly Creek Station DIRECT: DIRECT: p. 5

6 BUILDING SPECIFICATIONS ADDRESS: 2550 Acton Road, Birmingham, Alabama CITY/COUNTY: Unincorporated Jefferson County TAX PARCEL ID: BUILDING SIZE: ARCHITECT: GENERAL CONTRACTOR: CIVIL ENGINEER: 58,918 RSF Bruce McLeod Brasfield & Gorrie Walter Schoel YEAR CONSTRUCTED: 2000 FLOORS: 2 BASE BUILDING CONSTRUCTION: ZONING: PARKING: ELEVATORS: Tilt-concrete exterior building panels with insulated storefront glass windows; structural steel framing and bar joists with concrete floors and metal roof deck with rigid insulation C-P (Preferred Commercial) 258 executive parking spaces (4.4/1,000 RSF) One (1) Otis hydraulic elevator; 2,500 pound capacity ROOF: UTILITIES: Electric: Alabama Power Water: Birmingham Water Works Sewer: Birmingham Water Works Gas: N/A Fiber: Level 3 & AT&T New (2016) mechanically attached.060 TPO Firestone roof with new 24 guage pre-finished steel gravel guards and counter flashing; 15 year transferrable manufacturer s warranty All information is furnished from sources deemed reliable. No warranty or representation is made as the accuracy thereof and it is submitted to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice. p. 6

7 BUILDING SPECIFICATIONS LOBBY FINISHES: CEILING HEIGHTS: HVAC SYSTEM: ELECTRICAL: ENERGY MANAGEMENT: GENERATOR: FIRE/LIFE SAFETY: SECURITY: Limestone foyer and steps with 8 solid, core maple doors and commercial grade stainless hardware 9 2 Finished Ceilings New (2016) four (4) rooftop, 60-ton Carrier with variable control; Building is served with Trane PIU and VAV zoned boxes throughout (original) New (2016) Trane Tracer SC Bacnet energy management system with remote monitoring for HVAC system Main electrical service is 2000-Amps, 277/480 volt, three phase, three-wire alternating current. The electrical for each tenant area is served by a panel in the electrical room on each floor Cummings Diesel 80KW generator with 158 gallon fuel tank supplies Building emergency lighting and McLeod s data center Fully sprinklered with Siemens fire alarm and remote annunciator panels New (2016) Hikvision surveillance system which includes eleven (11) interior and seven (7) exterior cameras with remote monitoring; Building is served by Honeywell (Northern Computer) card access system (original) INTERIOR FINISHES: Doors: 8 solid, core maple doors and commercial grade stainless hardware Lighting: 2 x 4 lay-in T-8 paracube lighting Ceiling Tiles: 2 x 2 lay-in revealed edge ceiling tile Flooring: New (2015) 2 x 2 carpet tiles installed in ~80% of the Building LANDSCAPING: RESTROOMS: MONUMENT SIGNAGE: LOADING: Underground irrigation system throughout property with separate meter 1st Floor: 1 Men s and 1 Women s in Common Areas; Separate Men s and Women s in McLeod Suite; plus 1 executive restroom 2nd Floor: 1 Men s and 1 Women s in Common Areas; separate Men s and Women s in McLeod Suite with showers Poured in place concrete monument sign with illuminated metal panel Common grade level loading for deliveries on east end of Building; covered, grade level loading dedicated for McLeod Suite on west end of the Building DIRECT: joe4.sandner@colliers.com DIRECT: john.hennessy@colliers.com p. 7

FINANCIAL BUILDING INFORMATION CAPITAL IMPROVEMENT HISTORY Improvement Date Expense Firestone Roof Replacement 2016 $120,419 Trane Energy Management System/HVAC Controls 2016 $57,158 HVAC Rooftop

8 FINANCIAL BUILDING INFORMATION CAPITAL IMPROVEMENT HISTORY Improvement Date Expense Firestone Roof Replacement 2016 $120,419 Trane Energy Management System/HVAC Controls 2016 $57,158 HVAC Rooftop Units (4) Replacement 2016 $409,058 Siemens Fire Alarm Upgrade 2016 $5,941 Electronic Hands Free Faucet Replacement 2017 $15,555 Hikvision Security System Upgrade 2017 $13,400 Total $621,531 RENT ROLL Tenant/ Suite Square Footage Lease Rate Lease Exp McLeod Software (100) 21,929 RSF $ /30/2018 McLeod Software (110) 4,461 RSF $ /30/2018 McLeod Software (150) 3,070 RSF $ /30/2018 McLeod Software (200) 3,500 RSF $ /30/2018 McLeod Software (250) 20,355 RSF $ /30/2018 Kendall Maddox (210) 2,003 RSF $ /30/2018 Sprint (220) 3,600 RSF $ /30/2017 Total 58,918 RSF All information is furnished from sources deemed reliable. No warranty or representation is made as the accuracy thereof and it is submitted to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice. p. 8

OPERATING EXPENSES Operating Cost 2017 Budget 2016 Actual 2015 Actual Amount PSF Amount PSF Amount PSF Repair and Maintenance $73,200 $1.24 $83,897 $1.42 $58,223 $0.

9 OPERATING EXPENSES Operating Cost 2017 Budget 2016 Actual 2015 Actual Amount PSF Amount PSF Amount PSF Repair and Maintenance $73,200 $1.24 $83,897 $1.42 $58,223 $0.99 Day Porter/Maintenance Staff $36,000 $0.61 $36,400 $0.62 $36,000 $0.61 Janitorial $62,425 $1.06 $62,258 $1.06 $61,827 $1.05 Utilities: Electric $141,750 $2.41 $138,394 $2.35 $168,133 $2.85 Water and Sewer $24,135 $0.41 $18,741 $0.32 $18,663 $0.32 Telephone $6,384 $0.11 $6,285 $0.11 $5,234 $0.09 Management Fees $45,005 $0.76 $45,089 $0.77 $44,449 $0.75 Grounds and Landscaping $29,980 $0.51 $22,746 $0.39 $31,157 $0.53 Property Insurance $10,000 $0.17 $8,769 $0.15 $9,597 $0.16 Fire Dues $10,505 $0.18 $13,555 $0.23 $12,640 $0.21 Real Estate Taxes $70,740 $1.20 $69,017 $1.17 $71,666 $1.22 Total $510,124 $8.66 $505,151 $8.57 $517,589 $8.78 DIRECT: DIRECT: p. 9

10 FLOOR PLANS FIRST FLOOR Suite 150 3,070 RSF Suite ,929 RSF Suite 110 4,461 RSF All information is furnished from sources deemed reliable. No warranty or representation is made as the accuracy thereof and it is submitted to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice. p. 10

FLOOR PLANS SECOND FLOOR Suite 210 2,003 RSF Kendall Maddox 9/30/18 Suite 220 3,600 RSF Sprint 11/30/17 Suite 250 20,355 RSF

11 FLOOR PLANS SECOND FLOOR Suite 210 2,003 RSF Kendall Maddox 9/30/18 Suite 220 3,600 RSF Sprint 11/30/17 Suite ,355 RSF Suite 200 3,500 RSF DIRECT: DIRECT: p. 11

12 AERIAL All information is furnished from sources deemed reliable. No warranty or representation is made as the accuracy thereof and it is submitted to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice. p. 12

AERIAL DIRECT: +1 205 949 5981 joe4.sandner@colliers.

13 AERIAL DIRECT: DIRECT: p. 13

14 AERIAL ACTON RIDGE All information is furnished from sources deemed reliable. No warranty or representation is made as the accuracy thereof and it is submitted to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice. p. 14

SALES COMPARABLES 6 5 2 3 4 ACTON RIDGE 1 Building Seller Purchaser Year Built Size (SF)

Capital 1985/1987 211,279 $35,132,201 $166.28 1/14/2016 3.

15 SALES COMPARABLES ACTON RIDGE 1 Building Seller Purchaser Year Built Size (SF) Sale Price PSF Sold Parking Chase Corporate Center Talcott Realty Investors Priam Capital 1985/ ,279 $35,132,201 $ /14/ / International Park DRA Advisors Point One Holdings ,715 $21,585,000 $ /20/ / International Park DRA Advisors Point One Holdings ,269 $8,615,000 $ /20/ / International Park Iron Point Partners Iberia Bank ,943 $13,500,000 $ /15/ / Willow Ridge Building Alabama Psychiatric Alabama Pain ,160 $4,000,000 $ /22/ /1000 Blue Lake Center DRA Advisors Point One Holdings ,590 $20,800,000 $ /20/ /1000 DIRECT: joe4.sandner@colliers.com DIRECT: john.hennessy@colliers.com p. 15

For Sale 2550 Acton Road Birmingham, Alabama 205 949 5981 joe4.sandner@colliers.com 205 949 5982 john.hennessy@colliers.

com This document/email has been prepared by Colliers International for advertising and general information only.

16 For Sale 2550 Acton Road Birmingham, Alabama COLLIERS INTERNATIONAL 880 Montclair Road, Suite 250 Birmingham, Alabama This document/ has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s) All rights reserved. All information is furnished from sources deemed reliable. No warranty or representation is made as the accuracy thereof and it is submitted to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice. p. 16

200 MISSIONARY RIDGE. For Sale. 200 Missionary Ridge Drive Hoover, Alabama. 64,000 SF Class A Office Building Hoover, AL

200 MISSIONARY RIDGE. For Sale. 200 Missionary Ridge Drive Hoover, Alabama. 64,000 SF Class A Office Building Hoover, AL 200 MISSIONARY RIDGE 64,000 SF Class A Office Building Hoover, AL For Sale 200 Missionary Ridge Drive Hoover, Alabama +1 205 949 5981 +1 205 949 5982 THE OPPORTUNITY The Dex YP Building is a 4-story, 64,000