MEDICAL OFFICE BUILDING FOR SALE

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1 MEDICAL OFFICE BUILDING FOR SALE 6,510+/- SF SALE PRICE: $1,250, GARRETT ROAD, DREXEL HILL, PA WALNUT ST, PHILADELPHIA, PA

2 MEDICAL OFFICE BUILDING FOR SALE Property Aerial

3 Executive Summary 3001 Garrett Road is a three tenant medical office building, located in Drexel Hill, Upper Darby Township, Delaware County, Pennsylvania. The one-story building, built in 1960, is situated on the premier location of busy Garrett Road near Shadeland Avenue, with a daily traffic count of over 11,350 automobiles. There is a convenient 27 car parking lot at the rear of the building which is included in the property parcel. Its patrons and employees find easy access to the building by using public transportation. The SEPTA 69th St Terminal is located in the center of Upper Darby, and the SEPTA Bus service travels on Garrett Road. The Tenant Profile consists of health care professionals, featuring Main Line Health, and two private medical practices. Proximity To Hospitals Delaware County Memorial Hospital 0.8 Miles 3 Minutes Mercy Fitzgerald Hospital 2.5 Miles 12 Minutes Springfield Hospital 4.9 Miles 17 Minutes Lankenau Medical Center 4.9 Miles 18 Minutes Bryn Mawr Hospital 6.4 Miles 24 Minutes

4 PROPERTY OVERVIEW Price $1,250,000 Year Built 1960 Number of Floors 1 Number of Units 3 Price Per Unit $416,667 Unit Mix Family Health 2,650+/- SF Main Line Health 2,400+/- SF Dr. Swamy 1,350+/- SF Lobby Area 110+/- SF Lot Size 130 x 132 Lot Area 17,600 SF Total Rentable Area of Building 6,510+/- SF Price Per SF $ Real Estate Tax Assessment 2016 $372,900 Real Estate Tax 2016 $22,197 Surface Parking Rear parking lot with 27 car parking Access from Garrett Road Frontage 130 on Garrett Road Site Shape Square Zoning C-1 Commercial *Successful Tax Appeal has resulted in a Real Estate Assessment reduction

5 PROPERTY OVERVIEW Exterior Brick façade over wood frame Roofing Mansar style flat roof Windows Aluminum-framed, double-pane, glazed hopper-type Exterior Lighting Wall-mounted at front, rear, and sides of building Pole-mounted fixtures in rear parking lot Interior Lighting Recessed flourescent and high-hat incandescent fixtures HVAC System Single gas furnace forced hot air system from entire building Building gas and electric expense is divided proportionately among Tenants Utilities Electric - paid by Tenant; serviced by PECO Gas Heat - paid by Tenant Water - paid by Tenant; serviced by Aqua PA Sewer - Upper Darby Township Ceiling Suspended tile Flooring Carpet and resilient tile throughout Restrooms 3 total; 1 bathroom per office Fire Protection Fully wet-sprinklered; alarm pull-station, fire extinguisher & emergency lighting

6 Operating Statement INCOME Scheduled Rents $ 125,898 Tenant Reimbursements Gas $ 2,080 Electric $ 8,180 Effective Gross Income $ 136,158 EXPENSE* Real Estate Tax 2016 $ 22,197 Insurance $ 6,180 Electric $ 8,180 Gas $ 2,080 Water $ 576 Sewer $ 1,986 Trash $ 1,360 Maintenance, Supplies, Janitorial $ 3,208 Snow Removal/Landscaping $ 1,919 Total Expenses $ 47,686 Net Operating Income $ 88,472 Cap Rate 7.08% *Expenses have been estimated at a 3% increase per item over 2014 Rent Roll UNIT TENANT MONTHLY RENT SF RENT PSF LEASE RENEWAL EXPIRATION OPTION 1 Family Health $ 3, ,650+/- SF $ /15/2015 Month-To-Month 2 Main Line Health $ 4, ,400+/- SF $ /01/2015 One Year 3 Dr. Swamy $ 2, ,350+/- SF $ /01/2014 One Year Total $ 10,411.31

7 Financial Analysis Purchase Price $1,250,000 Equity Investment (25%) $312,000 Loan Amount (75% LTV) $937,500 Available Financing 4.00% interest, 7 year term, 30 year amortization Annual Principal & Interest $54,215 Net Operating Income $88,472 = $70,777 Maximum Annual Debt Service Debt Service Coverage Ratio 1.25 $88,472 Annual Debt Service = $1,223,888 Maximum 4.00% interest, 30 year amortization RETURN ON INVESTMENT (ROI) Net Operating Income 2015 $88,472 Principal & Interest ($54,215) Return On Investment $34,257 CASH ON CASH RETURN Return on Investment $34,257 = 10.96% Cash On Cash Return Equity Investment $312,500

8 Parcel Map

9 Sales Comparables ADDRESS SALE PRICE SF PRICE/SF LOT SIZE SALE DATE Subject Property $ 1,250,000 6,510+/- SF $ AC 3001 Garrett Road Drexel Hill, PA 510 Darby Road $ 900,000 10,000+/- SF $ AC 11/30/2014 Havertown, PA 105 Chelsey Drive $ 1,650,000 10,000+/- SF $ AC 08/31/2014 Media, PA 25 W Second Street $ 1,118,750 8,236+/- SF $ AC 04/30/2014 Media, PA 1254 West Chester Pike $ 2,075,000 20,000+/- SF $ AC 02/28/2014 Havertown, PA 3744 West Chester Pike $ 1,100,000 5,300+/- SF $ AC 03/30/2013 Newtown Square, PA

10 Property Photos - Family Health INTERIOR LOBBY/SUITE ENTRANCE RECEPTION AREA SEATING AREA INNER OFFICES

11 Property Photos - Main Line Health Care INTERIOR LOBBY/SUITE ENTRANCE RECEPTION AREA SEATING AREA OFFICE FRONT

12 Property Photos MAIN LINE HEALTH CARE - OFFICE REAR MAIN LINE HEALTH CARE - EXAM ROOM HALLWAY DR. SWAMY - RECEPTION AREA DR. SWAMY - SEATING AREA