ISLAND MANOR HOUSE 4160 MAIN STREET CHINCOTEAGUE ISLAND, VA Ben Alder Senior Land Advisor

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1 ISLAND MANOR HOUSE 4160 MAIN STREET CHINCOTEAGUE ISLAND, VA Ben Alder Senior Land Advisor Chris Davis Senior Advisor SVN Miller Commercial Real Estate 206 E. Main Street, Salisbury, MD SALE BROCHURE

2 Executive Summary OFFERING SUMMARY Sale Price: $895,000 Lot Size: +/- 0.4 Acres Building Size: Approx. 4,700 Year Built: 1848 Zoning: Commercial PROPERTY OVERVIEWVIEW Chincoteague Island's historic Island Manor House was built in 1848, serving as a primary residence for many years before being converted into a bed and breakfast operation in the 1980's. The structure itself was heavily influenced by Southern Colonial architecture and stands, fully restored, on the Island's Main Street. The Inn offers its guests nine spacious bedrooms, multiple indoor/outdoor common areas, and a red brick courtyard surrounded by beautiful roses and a three-tier fountain. The Island Manor House has been immaculately maintained over the years and has successfully captured the coastal charm of Chincoteague Island. Both the real estate and business are included in the sale. The Island Manor House is turnkey and comes with a full book of business, professional marketing materials and reputation for being a great getaway destination and event venue. PROPERTY HIGHLIGHTS Market: Submarket: Accomack County The Eastern Shore of Virginia Nine guestrooms and multiple common areas Energy efficient heating/cooling units (15) installed in New septic system installed within the past year 5 guestrooms and 1 common area offer guests Dish television as an additional amenity Turnkey business coming equipped with a complete guest list and professional marketing materials ISLAND MANOR HOUSE 4160 MAIN STREET CHINCOTEAGUE ISLAND, VA SVN Miller Commercial Real Estate Page 2

3 Additional Photos ISLAND MANOR HOUSE 4160 MAIN STREET CHINCOTEAGUE ISLAND, VA SVN Miller Commercial Real Estate Page 3

4 Location Maps ISLAND MANOR HOUSE 4160 MAIN STREET CHINCOTEAGUE ISLAND, VA SVN Miller Commercial Real Estate Page 4

5 Advisor Bio & Contact 1 BEN ALDER Senior Land Advisor PROFESSIONAL BACKGROUND Ben joined SVN Miller Commercial Real Estate in December 2011 after working as a biologist for Ducks Unlimited and then owning an environmental restoration company until Ben was first licensed as a land based real estate broker specializing in land and farm sales since Ben developed his real estate business based on his background in land use, real estate and natural resource management. With this foundation in brokerage Ben launched the SVN Land Group in early 2014 with the addition of advisor Nick Campanaro who has a background in economics and financial analysis. Recently Land Group added Doug Williams a licensed surveyor in Maryland, Delaware, and Virginia, Doug specializes in the groups timber sales and commercial development projects. Ben attended The George Washington University where he obtained degrees in Biology and Environmental Science and has completed the course work for a Master s degree in natural resource policy. Additionally, Ben is a candidate for the Accredited Land Consulting designation offered by the Realtor Land Institute to candidates that complete specific educational requirements and have a track record of success in land brokerage. Today, Ben serves as the SVN Co-chair for the Land Product Council. In 2016, Ben was ranked #10 at SVN International out of 900 brokers nationwide. 206 E. Main Street Salisbury, MD T C benjamin.alder@svn.com Ben s services focus primarily on assisting clients to make sound decisions about their land holdings and whether to buy, sell, conserve, hold or develop their land assets. Ben s transactional experience has been focused on farmland and entitled land for any array of land uses. His background in resource conservation provides the knowledge base to leverage conservation easement programs and Farm Bill related programs for clients buying and selling land. Additionally, his experience includes representing companies seeking land for renewable energy projects for solar, biomass and wind related projects. Additional clients include timber investment real estate trusts in both Maryland, Delaware and Virginia. Today, SVN Land Group land offerings cover Maryland, Delaware, and Virginia with over 100 properties. Land Group s portfolio of land offerings total more than 20,000 acres currently in three states. Under Ben s leadership Land Group has closed transactions on over 24,000 acres of land totaling over $84M in sales since Utilizing a framework of understanding of agriculture, resource conservation and land use development, Ben and the Land Group team bring a unique skill set to evaluate land based assets and help each of their clients achieve their investment and real estate management goals. EDUCATION The George Washington University, Washington, D.C. B.S. Environmental Studies, 1997 B.A. Biology, 1997 The George Washington University, Washington, D.C. M.A. Natural Resource Policy, 2000-Pending MEMBERSHIPS & AFFILIATIONS Realtor Land Institute Accredited Land Consultant, Canditate ISLAND MANOR HOUSE 4160 MAIN STREET CHINCOTEAGUE ISLAND, VA SVN Miller Commercial Real Estate Page 5

6 About The Advisor CHRIS DAVIS Senior Advisor PROFESSIONAL BACKGROUND Chris Davis serves as a Senior Advisor for SVN - Miller Commercial Real Estate. Davis is a licensed Real Estate Salesperson in Maryland, Delaware and Florida who specializes in the sale of self storage facilities, hospitality and industrial properties in Maryland. Davis' primary market is the Delmarva region beginning east of the Chesapeake Bay and extending across Maryland, Delaware and Virginia to the Atlantic Ocean; however, he is knowledgeable in the Northeastern Florida market as well. SVN International Corporation has appointed Davis to be a member of the SVN Self Storage Product Council as well as the SVN Florida Hospitality Team. With over 25 years of experience in the commercial real estate business, Davis has brokered over $500 million in volume. In 2015, Davis was ranked in SVN International Corporation's top ten advisors earning him the prestigious Partner's Circle designation. In 2016, Davis acquired a President's Circle ranking. Prior to joining SVN, Davis spearheaded various developmental projects and owned Davis Properties, Inc. and Davis Development Company, LLC. Together these entities developed, owned and managed commercial properties such as: business/office parks, climate controlled self storage facilities, warehouse/manufacturing buildings, shopping centers, age restricted retirement communities and a large wedding and hospitality venue. Davis majored in marketing at the University of Nevada Las Vegas and plays an active role in his community serving on multiple local board associations. 206 E. Main Street Salisbury, MD T C chris.davis@svn.com EDUCATION Davis is a graduate of The University of Nevada Las Vegas with a BS in Marketing. MEMBERSHIPS & AFFILIATIONS SVNIC 2016 President's Circle member SVNIC 2015 Partner's Circle member Self Storage Association Florida Self Storage Association The Salisbury Area Chamber of Commerce Board Member The Salisbury School Board Member ISLAND MANOR HOUSE 4160 MAIN STREET CHINCOTEAGUE ISLAND, VA SVN Miller Commercial Real Estate Page 6

7 Disclaimer The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. ISLAND MANOR HOUSE 4160 MAIN STREET CHINCOTEAGUE ISLAND, VA SVN Miller Commercial Real Estate Page 7