UTILITY ONE SOURCE FORESTRY

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1 UTILITY ONE SOURCE FORESTRY E. Lynchburg Salem Turnpike Forest, VA For more information contact: PROPERTY HIGHLIGHTS 23+ acre Industrial Facility leased NNN to Utility 1 Source ("UOS"), wholly-owned by Blackstone L.P. (NYSE: BX) 118,150+/- SF of Class "A" office/manufacturing buildings with extensive site improvements. Located in the Lynchburg, V UOS serves the utility transmission & distribution industries with custom utility & heavy equipment sales and service. Priced at $6,500,000 (9.78% CAP) on current NNN rental scheduled for CPI increase at option exercise on 2/1/2020. SELLER WILL SECURE 1ST FIVE YEARS OF LEASE PAYMENTS WITH A BUY-BACK GUARANTEE! Phone: (804) Fax: (757) Monument Ave Suite C Richmond, VA

2 PROPERTY DESCRIPTION UTILITY 1 SOURCE Forest, Virginia One visit to this amazing facility is all it takes to understand why Blackstone L.P. wanted Forest Equipment of Virginia ( FEVA ) to be the showcase of the new Utility 1 Source ( UOS ) brand in the mid-atlantic region. Spread over acres of highly-improved land, the campus includes a 42,000 sq ft assembly plant, a 40,000 sq ft state-of-the-art fabrication facility, repair shop, and 5 large paint booths. Everything from the overhead cranes and thru bays, to the quality control center is geared to the single purpose of building the best aerial lift trucks in the industry. Plus, the secure lot provides the luxury to stock all major components, and an inventory of finished trucks for quick delivery! Located in Forest, VA (Bedford County) on SR 460, UOF is in the Lynchburg Virginia MSA and home to many of Virginia s most active industries and employers (see enclosed MSA Report). All shipping and receiving at the facility is by truck transport and the location is a short 45-minute distance from the I-85 Corridor. UOS employs approximately 150 people at this facility working two shifts and services clients throughout the North American continent including Canada and Alaska. This location offers sales, rentals, parts and aftermarket services, remanufacturing and customized equipment to the transmission and utility distribution industries in a manner no company has ever achieved before. Sellers are offering to guarantee the continued lease by UOS for up to five years commencing the close of a sale with a "repurchase option." This offer is based upon the continued growth of business in this location and the expressed confidence by UOS management in their continued uninterrupted operations at this location. For more information on the facility, please visit and to arrange a property inspection, please (804) or to jim@networkscre.com. Page 2

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4 PROPERTY PHOTOS Utility 1 Source Operations Click for Page 4

5 EXECUTIVE SUMMARY Acquisition Costs Purchase Price, Points and Closing Costs $6,500,000 Investment - Cash $0 Investment Information Purchase Price $6,500,000 Price per Tenant $6,500,000 Price per Sq. Ft. $55.01 Income, Expenses & Cash Flow Gross Scheduled Income $636,000 Total Vacancy and Credits $0 Operating Expenses $0 Net Operating Income $636,000 Debt Service $0 Cash Flow Before Taxes $636,000 Financial Indicators Debt Coverage Ratio N/A Capitalization Rate 9.78% Gross Income / Square Feet $5.38 Page 5

6 INVESTMENT DETAILS Analysis Analysis Date July 2017 Property Property Property Address E. Lynchburg Salem Turnpike Forest, VA Purchase Information Property Type Industrial Purchase Price $6,500,000 Tenants 1 Total Rentable Sq. Ft. 118,150 Financial Information All Cash Loans Type Debt Term Amortization Rate Payment LO Costs All Cash Income & Expenses Gross Operating Income $636,000 Monthly GOI $53,000 Total Annual Expenses $0 Contact Information Page 6

7 LYNCHBURG VIRGINIA MSA is located in Bedford County, Virginia and is part of the Lynchburg Virginia MSA that comprises the city of Lynchburg and counties of Amherst, Appomattox, Bedford and Campbell with a 2016 population of 260,320 making it the fifth largest MSA in the state of Virginia. A comprehensive understanding of the potential for growth of this part of Virginia can best be understood by visiting the Virginia Economic Development Partnership report on the Lynchburg MSA at this LINK. DEMOGRAPHICS As of the census[4] of 2000, there were 228,616 people, 89,736 households, and 62,698 families residing within the MSA. The racial makeup of the MSA was 79.42% White, 18.16% African American, 0.30% Native American, 0.69% Asian, 0.02% Pacific Islander, 0.39% from other races, and 1.01% from two or more races. Hispanic or Latino of any race were 0.95% of the population. The median income for a household in the MSA was $35,890, and the median income for a family was $42,085. Males had a median income of $31,701 versus $21,702 for females. The per capita income for the MSA was $18,073. In January 2015, Blackstone L.P. (NYSE: BX) announced the formation of a new utility and heavy equipment platform, Utility One Source, in partnership with three family-run businesses, Custom Truck & Equipment, Utility Fleet Sales and Forestry Equipment of Virginia ( FEVA ). The full text of that announcement/press release can be viewed by clicking HERE. Since that formation, Utility One Source has continued to expand and dominate this industry to support the global energy and infrastructure sectors and today. Resource Links Lynchburg MSA Report Additional Information For additional information or to arrange a property tour/inspection, contact: Networks Commercial Real Estate (804) mailto:jim@networkscre.com

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10 PROFESSIONAL BIO, is a commercial real estate broker who transforms real estate problems into money-solutions so his clients can stop writing checks and start cashing them. I love bringing game-changing methods that achieve startling results. Mostly, I engage marketing strategies and resources that help people to take action." Here s an outline of how that happens - S.W.O.T. analysis for a big-picture understanding. - Strategic planning to achieve a time-bound outcome. - Engage target market with proven resources. - Negotiate agreement among all stakeholders. - Manage the process to successful closure. As founder and principal broker at NetWorks Commercial Real Estate, a national firm headquartered in Richmond, VA. NetWorks relies on a network of brokerage and principal relationships, including a database of over 5,000 proven players along with the over 15,000+ members of the CCIM Institute. Tucker specializes in investment-grade office & industrial properties, shopping centers and retail development opportunities in the Mid-Atlantic and has over 35 years of corporate, development, syndication, brokerage and consulting experience. He is an active licensed broker in Virginia with career credits as savings & loan executive, senior vice president for a NYSE development company and many years of successful advisory and brokerage experience, Jim brings focus to client objectives and assignments that has been described as relentless in pursuit of one thing RESULTS. Tucker is widely respected for developing investment strategies that identify exit alternatives prior to acquisition and is known for his careful underwriting of properties prior to taking them to the market. Client testimonials consistently mention Tucker s intellectual enthusiasm, creative solutions and relentless pursuit of client objectives. Page 10