FOR SALE $1,850, A GROVE ST, RIDGEFIELD, CT MULTI-TENANT OFFICE BUILDING FOR SALE. Dan Sousa. Todd E.

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1 OFFICE FOR SALE $1,850,000 Property Description Offering Summary Coldwell Banker Commercial NRT is pleased to present the sale of 38-A Grove Street in Ridgefield, Connecticut. This multi-tenanted investment asset is situated on 1.12 acres in an established office park just 3 miles from US-7. Strong and diverse tenant roster includes Quest Diagnostics, Owl Security, and Gallagher Benefit Services. Within walking distance of a vibrant downtown, the property features 21,471 SF of quality office space within a B-2 zone. Sale Price: Property Highlights Zoning Cap Rate: NOI: Lot Size: Year Built: Building Size: Price/ SF: Professional/Medical Office Park Over 91% Occupied % Cap Rate based on current income Parking: $1,850, % 1.12 Acres ,471 SF B-2 $ Spaces All leases expire in Several include renewal options Approximately 14,500 SF will become available in 2019 Detailed financials available Coldwell Banker Real Estate LLC, NRT Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, NRT Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, NRT Coldwell Banker Commercial Affiliates. Each sales representative and broker is responsible for complying with any consumer disclosure laws or regulations. COLDWELL BANKER COMMERCIAL NRT 7 OLD SHERMAN TURNPIKE SUITE 207 DANBURY, CT

2 ADDITIONAL PHOTOS

3 PROPERTY DETAILS SALE PRICE $1,850,000 PROPERTY DETAILS Property Type LOCATION INFORMATION Office Property Subtype Street Address 38-A Grove St City, State, Zip Ridgefield, CT County/Township Office Building Zoning B-2 Lot Size 1.12 Acres Fairfield PARKING & TRANSPORTATION BUILDING INFORMATION Parking Type Surface Building Size 21,471 SF Parking Ratio 3.93 NOI Number Of Spaces Cap Rate 12.05% Price / SF $86.16 Year Built 1978 Building Class B Tenancy Multiple Number Of Floors 3 Average Floor Size 7,205 SF Gross Leasable Area 20,624 SF Load Factor Yes Construction Status Existing Framing Steel and masonry block Free Standing Yes Number Of Buildings Parking Description 81 Three surface lots UTILITIES & AMENITIES Handicap Access Number Of Elevators Central HVAC Yes 1 Roof-mounted, forced-air gas-fired package units Plumbing Description Combination of PVC, steel, copper and cast iron piping Utilities Description All Available 1 Walls Painted sheetrock Ceilings Suspended acoustical tile Floor Coverings Ceramic tile, carpet or resilient tile Exterior Walls Office Buildout Stucco Central core surrounded by perimeter office units Foundation Poured concrete slab

4 1ST FLOOR PLANS

5 2ND FLOOR PLANS

6 FLOOR PLANS

7 RENT ROLL TENANT UNIT UNIT LEASE LEASE ANNUAL PRICE NUMBER SIZE (SF) START END RENT PER SF/YR Owl 14,403 12/2009 6/2019 $350,713 $24.35 Quest Diagnostics LLC 1,500 11/2005 3/2019 $36,000 $24.00 Gallagher Benefit 1,350 2/2001 3/2019 $35,899 $26.59 Mercator Companies 1,356 Owner Owner $28,476 $21.00 $451,088 $24.24 NAME Totals/Averages 18,609

8 TENANT PROFILE OFFERING SUMMARY PROPERTY OVERVIEW Industry: Insurance Headquarters: Rolling Meadows, Illinois Year Founded: 1927 Revenue $6.54 B Unit Size 1,350 SF Year Built: Arthur J. Gallagher & Co. is engaged in providing insurance brokerage and risk management services to commercial, industrial, institutional and governmental organizations. It operates through the following business segments: Brokerage, Risk Managment, and Corporate. The Brokerage segment is primarily comprised of retail and wholesale insurance brokerage operations. The Risk Managment segment provides contract claim settlement and administration services for enterprises that choose to self-insure some or all of their property or casualty coverage and for insurance companies that choose to outsource some or all of their claims departments. The Corporate segment includes the financial information related to its debt, clean energy investments, external acquisition-related expenses, and other corporate costs Lease Rate: $26.59/SF NNN Lease Expiration: March 2019

9 TENANT PROFILE TENANT OVERVIEW Industry: QUEST DIAGNOSTICS Healthcare Services Headquarters: Madison, NJ Year Founded: 1996 Revenue: $7.7 B Unit Size: 1,500 SF Lease Rate: $24/SF NNN Lease Expiration: March 2019 Quest Diagnostics, Inc. is engaged in providing diagnostic testing, information, and services that help patients, physicians, and others to make better healthcare decisions. The company operates through two segments: Diagnostic Information Services and Diagnostic Solutions. The Diagnostic Information Services segment develops and delivers diagnostic testing, information, and services to patients, physicians, health plans, hospitals, ACOs, IDNs, employers and others. It provides diagnostic information services, which includes clinical testing services such as routine testing, gene-based and esoteric testing, anatomic pathology services, as well as related services and insights. The Diagnostic Solutions segment includes risk assessment services, clinical trials, diagnostic products, and healthcare information technology.

10 INCOME & EXPENSES INCOME SUMMARY Scheduled Rent Income CAM/Utilities $451,088 $84,980 Gross Income $536,068 EXPENSE SUMMARY Gross Expenses $313,168 Net Operating Income

11 FINANCIAL SUMMARY INVESTMENT OVERVIEW Price $1,850,000 Price per SF $86.16 CAP Rate 12.1% Cash-on-Cash Return (yr 1) % Total Return (yr 1) OPERATING DATA Gross Scheduled Income $536,068 Other Income - Total Scheduled Income $536,068 Gross Income $536,068 Operating Expenses $313,168 Net Operating Income Pre-Tax Cash Flow