Especially Prepared For: Jeff Boehning Stag Industrial

Transcription

1 382 Rosemont Road, Nor th Jackson Especially Prepared For: Jeff Boehning Stag Industrial

2 Table of Contents Property Summary and Opinion of Value Lease Comparables and Current Competition Marketing Samples Resumes About NGKF Exclusive Advisors Terry Coyne, SIOR, CCIM Vice Chairman Kristy Hull, CCIM Managing Director

3 PROPERTY DESCRIPTION Property Summary Total Building Size: Warehouse: Office: Acres: Year Built: 2001 Ceiling Height: Docks/DID: Zoning: Power: Cranes: Other: Annual Taxes: 307,315 square feet 305,015 square feet 2,300 square feet clear 4 docks, 10 drive in doors Industrial Light Manufacturing 2,500amps, 480v 4-20 ton cranes Exterior storage and rail car storage $208,134 ($0.68/sq ft)

4 AEIAL Aerial Map

5 AEIAL Aerial Map 382 Rosemont Rd, N Jackson Aerial Map

6 Opinion of Value Strengths: Market is tight with lack of inventory available for sale or lease Clean, new crane building Multiple large cranes Rail access Good highway access (Turnpike and 76) Weaknesses: Large single tenant building Off the beaten track, in between markets (Cleveland, Akron, Pittsburgh) Based on recent comparables, market activity, lack of inventory, and quality of the subject property, our opinion of value is: Suggested Asking Lease Rate: $5.00/sq ft NNN This is what JLL is asking for sublease currently. Available comparables are less expensive. Transaction Fee: Six percent (6%) of the first $1,000,000 in gross consideration, and four percent (4%) thereafter. Exclusive: 12 months

7 Comparable Sales Crane Building Lease Comparables Address: Tenant: Leased Sq Ft: Building Size: Ceiling Height: Crane Info: Occupancy Date: Lease Rate: Year Built: 1250 E 222 nd Street, Euclid MD&A Turbines 105,000 square feet 175,000 square feet Multiple ton cranes December 2015 $3.75/sq ft NNN 1957, renovated 2006 Address: Tenant: Leased Sq Ft: Building Size: Ceiling Height: Crane Info: Occupancy Date: Lease Rate: Year Built: 8190 Roll and Hold Parkway, Macedonia BGH Specialty Steel 35,000 square feet 145,000 square feet 32 1, 20 ton crane December 2015 $5.68/sq ft NNN 1995

8 Comparable Sales Crane Properties for Lease/Sale Address: Building Size: Available Sq Ft: Ceiling Height: Crane Info: Office Size: Year Built: Acres: Lease Rate/Sale Price: 200 Francis Kenneth Drive, Aurora 105,124 square feet 105,125 square feet , 20 ton crane 4,594 square feet acres $3.50/sq ft gross; not for sale Address: Building Size: Available Sq Ft: Ceiling Height: Crane Info: Office Size: Year Built: Acres: Lease Rate/Sale Price: Address: Building Size: Available Sq Ft: Ceiling Height: Crane Info: Office Size: Year Built: Acres: Lease Rate/Sale Price: 1777 Miller Parkway, Streetsboro 177,500 square feet 177,500 square feet cranes (1-7 tons) 14,872 square feet acres $3.95/sq ft NNN; not for sale 787 Renaissance Pkwy, Painesville 110,669 square feet 110,669 square feet (one five ton and two ten tons) 11,050 square feet acres $4.25/sq ft NNN; $4,000,000 ($36.14/sq ft)

9 Collect Information Marketing in Action PROCESS FOR TAKING BUILDING TO MAKRET Acquire all the building specifications to market the property accurately. Measure the building, office size, ceiling height, and size of loading doors. Amount of power coming into the building Sprinkler system (if any), type and capacity Floor loading/thickness Type of lighting Type of heating and A/C (if any) Confirm USABLE acreage for those who maybe looking for outside storage/parking Confirm zoning with city and other uses Other amenities to the building (cranes, airlines, floor drains, etc) Capital items and improvement specifics (upgrades, ages, types, etc) Roof type, age, contractor HVAC type, age, maintenance schedule, number of units, contractor Lighting type, age Others water heaters, plumbing, electrical, etc Confirm what equipment stays with the building (ie cranes, lifts, compressors) and ages, types, capacity, etc Recent issues/early due diligence items Documents/Information Needed from Owner (if available): Floor Plans/Blue Prints (from city or owner) Site Plans Survey Most recent environmental studies (any issues or information regarding the diesel tanks on site?) Recent utility bills gas, electric, water (fully occupied) Maintenance bills landscaping, snowplowing, etc (more useful for a lease, but good to have estimates for the next owner)

10 Marketing Tools Scope of Major Marketing Considerations MARKETING DELIVERABLES Custom Flyer/Brochure Development of a custom flyer or brochure highlighting available space, photos and floor plans. Available in print and format for distribution to the real estate community. Custom Property Website / Hosting Services / Tracking Services Property will be posted on a variety of websites including and Creation of a virtual website will be hosted on Marketed via , this product provides users with property photos, floor plans, maps, building features and amenities, current availabilities and flyers. In addition, Terry Coyne utilizes an automated analytics program ( which helps track and identify website visitors with contact information, track website forms, monitor Google AdWords, see what pages they land on, which ones they view, and what pages, sites, forms they visit. Public Advertisement Creation of advertisement marketing space availabilities for use in print and electronic media outlets such as Crain s Cleveland Business magazine. Postcards / Static Eblasts Development of printed or static pieces for property/client related announcements. Signage The design and layout of outdoor availability signage: installed in the ground, back-to-back signage or building signage facing Bavaria Parkway. Photography and Videography Services Professional photography for building shots, both exterior interiors. Shooting of video for usage as either standalone video clips of space or to be incorporated into websites/presentations. Public Relations Services Connect with the city to make sure they are aware of the availability of the property, posted to their government websites, which can lead to potential interested parties in our direction. Open House If owner prefers to have an open house, NGKF will host stand alone or multiple available properties in the immediate vicinity (attract more brokers). Provide lunch or breakfast and a gift/drawing.

11 FOR LEASE WELL-MAINTAINED FORMER STEEL SERVICE CENTER 382 ROSEMONT ROAD NORTH JACKSON, OHIO BEST CRANE FACILITY IN THE AREA Terry Coyne, SIOR, CCIM Vice Chairman Kristy Hull, CCIM Managing Director Licensed Real Estate Salespersons 1350 Euclid Ave., Suite 300 Cleveland, OH PROPERTY DETAILS: 307,315 SF industrial warehouse facility 2,300 SF sprinklered office/training space Built in 2001 on 22+ acres Four (4) extended loading docks/bays Three (3) drive-through bays Ten (10) drive-in doors (10 x 14 ) Four (4) 20-ton Zenar radio-controlled magnetic cranes clear ceiling heights Inside: can store/unload 12 rail cars Outside: can store 18 rail cars; expansion and trailer storage T-5 fluorescent lighting 2,500a/480v heavy power Radiant heat Great access to I-76 and the Ohio Turnpike (I-80) Lease Price: $5.00/SF NNN Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

12 WELL-MAINTAINED FORMER STEEL SERVICE CENTER 382 ROSEMONT ROAD NORTH JACKSON, OHIO ADDITIONAL DETAILS: Perfect for steel storage and stacking Energy and cost-efficient operations Ample surface parking Signage available Single-tenant facility Located in the heart of the robust southeast Ohio and western Pennsylvania industrial business region

13 Marketing Tools Website

14 Tools Marketing

15 TERRY COYNE, SIOR, CCIM Professional Background Terry Coyne is an Executive Managing Director in the Cleveland office of commercial real estate services firm, Newmark Grubb Knight Frank. Over the past ten years, Mr. Coyne has been involved in the sale or leasing of more than 1 billion dollars worth of real estate; he specializes in large, complex, industrial and investment properties covering the northern part of the state of Ohio. Top producing Industrial broker at NGKF in 2013 and Nationally, Terry was in the top 50 brokers for 2013 and in the top 20 for Top producer in the Cleveland office since Multi-time winner of the NAIOP Broker of the Year, Industrial Transaction of the Year and Investment Broker of the Year. Vice Chairman Newmark Grubb Knight Frank 1350 Euclid Avenue, #300 Cleveland, OH tcoyne@ngkf.com T M Areas of Specialization Industrial Properties Investment Properties Recent Landlord Assignments First Industrial, Inc., the Landlord of 870,000+ square feet in five Class A industrial buildings in Glenwillow. Within a three year period, Terry increased occupancy from 62% to 98%; Optima Ventures, the landlord of three downtown Cleveland office buildings totaling more than 1.6 million square feet; Equity Industrial Partners, in leasing 750,000 square feet in three years in Maple Heights; Rubbermaid in the disposition of their 1,300,000- square-foot Wooster facility Memberships and Certifications Board Member of the Rock and Roll Hall of Fame Museum Board Member of Village Capital Corporation Board Member of Magnificat High School Member of Society of Industrial and Office Realtors (SIOR) Certified Commercial Investment Member (CCIM) Member of Cleveland Area Board of Realtors (CABOR) Education University of Chicago, Master s Degree University of Notre Dame, BA St. Catherine s College, Oxford University

16 KRISTY HULL, CCIM Professional Background Kristy Hull is a transaction services specialist in in the industrial/office group at Newmark Grubb Knight Frank s Cleveland office, where she works local and national tenants/buyers and landlords/sellers looking for industrial and/or office buildings. Ms. Hull works with clients to meet their real estate needs by evaluating the best opportunities on the market and performing financial analysis to determine the most economically advantageous choices. Prior to joining NGKF, Ms. Hull was an executive assistant at Capital Equity Group, a private real estate investment firm headquartered in Cleveland, Ohio. The firm is involved in all aspects of real estate ownership, from acquisition analysis and capital formation to property management and disposition. Managing Director Newmark Grubb Knight Frank 1350 Euclid Avenue, #300 Cleveland, OH khull@ngkf.com T M Areas of Specialization Industrial Properties Tenant Representation Partial Client List Associated Materials, Inc. Vox Mobile Optima Ventures, LLC L Oreal Commercial Works Memberships and Certifications Crain s Cleveland Business Forty under 40; 2015 Rising Star National Young Leader, NGKF 2014 Member of Growth Capital Corporation, membership committee Certified Commercial Investment Member (CCIM) Northeast Ohio Xcelligent Advisory Board Member Education Grove City College 2007

17 Newmark Grubb Knight Frank s National Overview One of the world s leading real estate service firms Comprehensive Services National revenues exceeding $810 million Approximately 4,000 staff members in more than 90 offices throughout the United States Property and/or facility manager for more than 210 million square feet nationally Comprehensive real estate solutions through an extensive national and global platform of integrated services TENANT REPRESENTATION SERVICES Strategic Planning Lease Acquisitions Lease Dispositions Program and Project Management OWNER REPRESENTATION SERVICES Leasing Advisory Services Investment Sales and Capital Markets Property Management Project and Construction Management Value and Advisory Services GLOBAL CORPORATE SERVICES Global Account Management Consulting Services Global Program Management Facilities Management Lease Administration

18 About Newmark Grubb Knight Frank