AUCTION DECEMBER 2018 MINIMUM BID PRICE $6,750,000 CROSSROADS CENTER. 164,000 SF Retail/Business Park Andrews Ave, Henderson, NC

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1 AUCTION DECEMBER 2018 MINIMUM BID PRICE $6,750,000 CROSSROADS CENTER 164,000 SF Retail/Business Park Andrews Ave, Henderson, NC

2 Executive Summary Zetabid is pleased to present Crossroads Center, a 98% leased retail/business park for sale via sealed bid auction. Crossroads Center is located on the I85 freeway at the Andrews Ave. exit and is approximately 45 minutes North from the Raleigh/Durham market. The center contains a mix of long-term local tenants in both retail and office units. Space is always in high demand as the center has the best location in Henderson with 32,000 cars per day traffic on I85, and 15,000 on Andrews. The center sits on two parcels of freeway adjacent land on both sides of Andrews Avenue. Current annual gross rent is $1,045,000 with expenses of $415,000. Many below market leases exist (self-managed by long- time owner retiring soon). A 21,000 square foot mini storage complex is located at the back of the property (with room for expansion). Please visit our Due Diligence Vault to review current financials, rent rolls, and other important documents. Pre-auction offers are welcome! All bids are subject to a 2.5% Buyer Premium. Broker cooperation is welcome (1%). Key Details Year Built Gross Building Area 164,480 Rentable SF (Est) 164,480 Site 18.4 Acres Minimum Bid Amount $6,750,000 ($41/PSF) Current Annual Gross Rent $1,045, NOI (actual rents) $602,554 Going-in Cap Rate 8.9% % Occupied 98% Aerial Site Plan RAMSEY ST W ANDREWS AVE PARRISH MILL RD GUPTON ST 39 S BECKFORD DR

Financial Summary Proforma Projection 2018 Base Rent $1,045,051 Reimbursement Income - Gross Potential Rent Inc. $1,045,051 Less Vacancy/Collection $26,126.27 2.

3 Financial Summary Proforma Projection 2018 Base Rent $1,045,051 Reimbursement Income - Gross Potential Rent Inc. $1,045,051 Less Vacancy/Collection $26, % Effective Gross Income $1,018,925 Expenses Advertising $10,000 Insurance $22,000 Taxes $84,814 Cleaning and General Maint $84,000 Repairs $130,000 Miscl $4,800 Utilities $40,000 Subtotal Actual $375,614 Proforma Expenses Property Management 4% $40,757 Total Expenses $416,371 Net Operating Income $602,554 Building GLA $142,980 Radius Map 220 Sydney Blackstone Martinsville Danville 58 South Boston 58 South Hill Emporia 58 Franklin Greensboro Asheboro Burlington 40 Chapel Hill West Andrews Avenue Henderson, NC 64 Durham Cary Apex Raleigh MILES Wilson Roanoke Rapids Rocky Mount 50 MILES Tarboro Greenville Winterville Murfreesboro Ahoskie 13 Plymouth Washington

4 Rent Roll Suite Tenant Rentable SF % of Center Lease Type Lease Start Lease End Southeast Complex 939 W Andrews (1986 Built) Base Rent Monthly Monthly PSF Annual PSF Nuestro Porvenir, Inc % MG 8/1/2018 7/31/2019 $750 $0.83 $10.00 Major Auto Insurance % MG 3/1/2016 2/28/2019 $750 $0.83 $10.00 Allure Hair Extensions % MG 9/1/2016 8/30/2019 $700 $0.78 $ W Andrews (1986 Built) 2,700 $2,200 African Hair Braiding 1, % MG 8/1/2002 5/31/2019 $1,175 $0.78 $9.40 Values 2U 1, % MG 9/1/2018 8/31/2019 $1,000 $0.67 $8.00 Values 2U 2 1, % MG 11/1/ /31/2019 $1,000 $0.67 $8.00 Happy Nails & Spa 1, % MG 7/1/2011 9/30/2019 $800 $0.53 $6.40 Geter's Barber College 2, % MG 8/1/2011 4/30/2019 $1,650 $0.72 $8.68 No Limits 1, % MG 12/1/2015 2/28/2019 $1,250 $0.87 $10.42 Healthy Treats (Combined spaces) 2, % MG 11/1/2010 9/30/2019 $1,500 $0.66 $7.89 No Limits 3, % MG 8/1/2013 2/28/2019 $2,700 $0.90 $ W Andrews - Back Building (1975 Built) 15,000 $11,075 Baldies Barber Shop % MG 12/1/2012 5/31/2019 $500 $0.74 $8.82 Divine Styles Beauty Salon % MG 11/1/2009 5/31/2019 $600 $0.81 $ Andrews (1987 Built) 1,420 $1,100 Beautysmart 7, % MG 9/1/1991 7/31/2019 $4,000 $0.53 $6.40 Daymark Recovery Services 2, % MG 1/1/2017 9/30/2019 $1,200 $0.48 $5.76 Sky Pawn (Sony LLC) 5, % MG 11/1/ /1/2020 $1,500 $0.30 $3.60 Daymark Recovery Services 7, % MG 8/1/2011 9/30/2019 $3,800 $0.51 $6.08 KARTS 3, % MG 11/1/1989 3/31/2019 $3,300 $0.90 $10.82 Halls and Restrooms % MG Ultimate Healthcare Services % MG 2/1/2016 1/30/2019 $600 $1.11 $13.33 Three Dimensional Tech % MG 2/1/2017 1/30/2019 $600 $1.00 $12.00 Crawford Properties Office (owner) % Vacant % Ross Rehab / Honey Green Miles 945 Andrews (1978 Built) % MG 8/15/2018 8/14/2019 $525 $1.09 $ ,500 $15,525 Nails to Tails Dog Grooming % MG 10/1/ /1/2019 $450 $0.88 $10.61 Sadie's School of Dance 3, % MG 6/1/1995 5/31/2019 $1,050 $0.32 $3.78 Diana's Tax Service 1, % MG 12/1/2005 2/28/2019 $1,050 $0.55 $6.56 SRFC Security 1, % MG 3/1/2018 2/28/2019 $1,300 $0.68 $8.13 NC Department of Corrections 1, % FS 6/1/2005 5/30/2019 $1,375 $0.72 $8.59 ACS 1, % MG 1/1/ /31/2018 $1,200 $0.63 $7.50 Michael's Florist 2, % MG 6/1/2016 5/31/2019 $800 $0.37 $4.49 Crossroads Event Center 4, % MG 3/1/2018 2/28/2019 $2,000 $0.43 $5.12 Home Town Hardware 9, % MG 5/1/1986 4/30/2019 $2,500 $0.27 $ ,440 $11,725 $0.43 $5.13

5 Base Rent Suite Tenant Rentable SF % of Center Lease Type Lease Start Lease End Northwest Complex Monthly Monthly PSF Annual PSF 944 Andrews (2008 Built) Home Credit II 1, % MG 10/1/1990 1/1/2021 $1,800 $1.00 $12.00 Allstate Insurance Agency 1, % MG 7/1/2008 7/1/2019 $1,250 $1.04 $12.50 United Home Care 1, % MG 7/1/2008 9/30/2019 $1,200 $1.00 $ ,200 $4, Andrews (1993 Built) Parham's Western 4, % MG 4/1/1984 5/24/2022 $1,000 $0.25 $3.00 Rescued 1, % MG 8/1/ /1/2018 $975 $0.61 $7.31 Direct General Insurance Co. 1, % MG 4/1/1998 5/1/2020 $1,000 $0.63 $7.50 Insurance Partners 1, % MG 8/1/2012 6/30/2019 $975 $0.61 $7.31 NC License Plate Agency 1, % FS 10/1/1991 4/30/2019 $675 $0.52 $6.29 National Finance 1, % MG 1/1/2004 5/1/2019 $1,300 $0.68 $8.16 Children's Dev. Agency 4, % FS 1/1/ /31/2018 $3,313 $0.69 $8.28 Restaurant 39 4, % MG 6/1/2016 4/30/2019 $2,050 $0.43 $5.13 The Attic & A1 Travel 4, % MG 9/1/1995 9/30/2019 $2,100 $0.44 $5.25 Home Credit Corp. 2, % MG 9/1/1999 8/1/2020 $1,800 $0.66 $ ,120 $15, Andrews (2002 Year Built) Rainbow International 4, % 9/15/2016 9/30/2020 $2,750 $0.69 $8.25 Sun Medical Supply 3, % 6/1/1992 7/31/2021 $1,550 $0.48 $5.81 B 1 Bingo 4, % 9/1/ /30/2019 $2,275 $0.47 $5.69 Trinkets 2, % 8/1/2012 2/28/2019 $1,025 $0.43 $ Thrift Shop 2, % 9/1/2017 8/31/2019 $1,200 $0.50 $6.00 Vance County Tourism 1, % FS 6/1/1992 6/1/2019 $1,100 $0.69 $8.25 Salon 31 1, % 9/1/2011 8/30/2019 $875 $0.52 $6.29 Lincare 3, % 4/1/ /1/2017 $1,950 $0.62 $7.47 Propel GPS 2, % 12/1/2012 8/30/2018 $1,600 $0.57 $6.81 Reliable Car Sales, Inc 1, % 10/1/2018 9/30/2019 $800 $0.51 $6.08 Pete Smith Lube and Tire 6, % 5/1/2002 6/1/2019 $2,900 $0.48 $ ,600 $18,025 Mini Storage 21, % $8,000 $0.37 $4.47 Units 246 5'x10' 'x10' 28 10'x10' 71 10'x15' 18 10'x20' 21 Complex SF 164,480 $87,088 Monthy Base Rent Business Park SF 142,980 $1,045,051 Annual Base Rent Average Rent SF $7.31 Demographics 1 Mile 3 Mile 5 Mile Population ,624 1,994 28,253 Households 1,870 7,938 10,998 Traffic Vehicles Per Day Andews 15,000 I85 32,000 Average Household Income $36,168 $42,861 $46,553

Click below to access auction web page and register to view diligence documents.

com ERIC KOESTERER Director of Auction Operations Zetabid, Inc. 424.888.6068 x 110 ekoesterer@zetabid.

Zetabid nor any of its affiliates or representatives has independently verified any of the information, including any approximations, estimates or projections, contained herein and does not undertake

6 Click below to access auction web page and register to view diligence documents. CLICK TO GET MORE INFORMATION CLICK TO VIEW DRONE VIDEO For more information, please contact: MICHAEL DAVIN President Zetabid, Inc x 101 mdavin@zetabid.com ERIC KOESTERER Director of Auction Operations Zetabid, Inc x 110 ekoesterer@zetabid.com The Seller, Zetabid, its employees and agents expressly disclaim as either seller or agent any warranty as to the property. Zetabid nor any of its affiliates or representatives has independently verified any of the information, including any approximations, estimates or projections, contained herein and does not undertake any obligation to independently verify any other written or oral communication. Auction conducted by Heritage Global Partners in alliance with Zetabid, Inc. under Heritage Global Partners. Click the link above to view auction property web page for detailed property and bidding instructions. All bids/ offers shall be placed using the online sealed bid form. No bid shall be deemed accepted until a mutually executed Purchase and Sale Agreement is created. Subject to Seller s minimum reserve price. Buyer Premium is 2.5% and this amount shall be added to the winning bid amount to create the purchase price.

OFFERING MEMORANDUM. Apple Valley Self Storage Coshocton Avenue Howard, OH 43028

OFFERING MEMORANDUM. Apple Valley Self Storage Coshocton Avenue Howard, OH 43028 Apple Valley Self Storage 22011 Coshocton Avenue Howard, OH 43028 OFFERING MEMORANDUM Alec J. Pacella, CCIM NAI Daus 23240 Chagrin Blvd., Suite 250 Cleveland, OH 44122 216-455-0886 apacella@naidaus.com