For successful bidding procedures, please see the attachment to this memo. Chris Baj, CCIM, CPA (484)

Transcription

1 MEMO To: Industrial Property Users/Investors From: Chris Baj, CCIM, CPA Date: May 5, 2015 Re: AUCTION of Premier 150,000 sf Industrial Property On May 19 th, 2015 a premier industrial property will be auctioned via auction.com. The owner has decided to let the market establish the value of this property, subject to a very reasonable reserve. Enclosed is information about this property. Some of the key attributes are: Located in Mount Pocono, PA (northeastern PA) near major highways Many uses allowed including warehousing, distribution, assembly and manufacturing 149,400 sf, 20 raised docks, 10 acres, ceiling height, outstanding condition. Great location and linkage to highways. Neighboring properties include: Johnson & Johnson 1.4 million sf distribution center; WalMart 1.25 million sf distribution center; FedEx Freight facility; United Envelope distribution center; Pocono Mountains Municipal Airport Low operating costs: property taxes only $.48/sf; natural gas available; insulated walls and ceiling; high efficiency T-5 motion sensor activated lighting, new heating units. For auction details please visit select commercial, and search for 365 Industrial Park Drive Please register and visit the document vault. For successful bidding procedures, please see the attachment to this memo. For questions or to schedule a site visit please contact: Chris Baj, CCIM, CPA (484) chris.baj@svn.com 968 Postal Road Suite 200 Allentown, PA P F Sperry Van Ness is a registered trademark of Sperry Van Ness International Corporation. This office independently owned and operated.

2 KEYS TO SUCCESS FOR BIDDING You are a sophisticated investor and understand the complexities of purchasing commercial property. Should you have an agent and a broker co operation fee is offered on the asset, you and your agent must register for each asset to confirm the relationship in order to receive the broker co operation fee. For non institutional investors, you must provide sufficient proof of funds which demonstrates your liquidity and the ability to close the transaction for each auction asset of interest. Additional proof of funds may be required during the auction event. If you intend on having a legal entity purchase the commercial property you will need to register as that entity and provide entity formation documents, good standing certificates, and authority resolutions for that entity. Assignments are allowed only as permitted under the Purchase and Sale Agreement. You must submit an initial deposit to bid on each individual asset you are interested in purchasing. This amount may be different for each asset. You have reviewed the Due Diligence documents, the form of Purchase and Sale Agreement, and the Auction Terms and Conditions PRIOR to placing a bid on any asset. The terms of the Purchase and Sale Agreement are non negotiable and this agreement must be executed within thirty (30) minutes of being declared the winning bidder. The earnest money deposit is due within twenty four (24) hours of being declared the winning bidder for each asset. Closing of the transaction will be within thirty (30) days after the Purchase and Sale Agreement has been executed, or as specifically set forth in the agreement. 10 You understand that all commercial property sales are FINAL, and that purchases are made on an AS IS, WHERE IS basis. Should you be declared the winning bidder and fail to close the transaction, you may be subject to liquidated damages and/or specific performance requirements. 8/3/2011 NHD

3 Mount Pocono,PA For Sale Subject To Offer Offering Highlights Great Highway Access & Linkage, Near Johnson & Johnson and WalMart 1+ Million sf Distribution Sites 36' x 33' Column Spacing & 32' Ceiling Height Chris Baj, CCIM, CPA Senior Advisor chris.baj@svn.com 20 Docks with Levelers New efficient heating and T5 lighting with Motion Sensors

4 For Sale Industrial 365 Industrial Park Drive Mount Pocono, PA Investment Overview Sale Price: Lot Size: Building Size: Subject To Offer 10.0 Acres 149,400 SF Dock High Doors: 20 Ceiling Height: 32.0 FT Year Built: 1986 Renovated: 2011 Zoning: Market: Sub Market: Industrial Pocono Mountains Mount Pocono Property Overview Cross Streets: Route 940 Property Great investment or owner/user property. Impeccably maintained with no deferred maintenance offers great value. Open span and high ceilings optimize building use. Masonry and steel construction building includes warehouse/distribution space as well as an office area. Zoning permits distribution, manufacturing and warehousing. Building has been very well maintained and all mechanics are in excellent working order. Includes the option of retaining radiant heated block rooms for temperature-controlled manufacturing processes. Low property taxes at $0.48 per sf. Location offers great logistics and access to major markets. Industrial neighbors include a 1.4 million sf Johnson & Johnson distribution facility and a 1.25 million sf WalMart distribution facility. Also in proximity is a FedEx Freight facility. Location 10 acre site is located within the Pocono Mountains Corporate Center South, with easy access to Routes I-380, I-80, I-81, I-84 and I-476. Great distribution and manufacturing location reaching 106 million people within 500 miles. Next to Pocono Mountains Municipal Airport. Presented by CHRIS BAJ, CCIM, CPA chris.baj@svn.com 2

5 Industrial Property For Sale Property Overview 365 Industrial Park Drive Mount Pocono, PA For Sale Subject To Offer Physical Description Property Name: 365 Industrial Park Dr Type of Ownership: Fee Simple Property Type: Industrial APN: Lot Size: 10.0 AC Rentable SF: 149,400 Zoning: Industrial Parking Spaces: 29 Indutrial Trailer Spaces/50 Surface Spaces Parking Ratio: 0.53/1000 SF Cross Streets: Route 940 Construction Year Built: 1986 Construction Type: Masonry and Steel Roof: Standing Seam Metal Number of Stories: 1 Foundation: Slab Parking Surface: Rough Coat Macadam Number of Docks: 20 with levelers Clear Height: 28'-32' Power: 3 Phase 4,000 AMPs Loading: 20 Dock Doors Column Space: 36'w x 33'd Expenses Taxes: $0.48/SF (2014) 3

6 Industrial Property For Sale Add Retail title Map here 4

7 Industrial Property For Sale Location Maps 5

8 Industrial Property For Sale Additional Photos 6