HUDSON VALLEY PREMIER PROPERTIES REALTY LLC

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1 HUDSON VALLEY PREMIER PROPERTIES REALTY LLC ESPECIALLY PREPARED BY HVPP REALTY 18 CREEK ROAD TOWN OF POUGHKEEPSIE 190 BEECHWOOD AVENUE POUGHKEEPSIE, NEW YORK Phone: (845) Fax: (845)

2 TABLE OF CONTENTS AERIAL VIEW OF 18 CREEK ROAD CREEK ROAD ~ TOWN OF POUGHKEEPSIE... 2 PHOTOS... 4 ASSESSOR S MAP... 5 HEAVY INDUSTRIAL USES... 6 SPECIAL PERMITTED USES... 7 SPECIAL ACCESSORY PERMITTED USES... 7 LIGHT INDUSTRIAL PERMITTED USES... 8 BUILDING SPECIFICATIONS... 9 DOING BUSINESS IN DUTCHESS COUNTY CONCLUSION... 15

3 Aerial View of 18 Creek Road Town of Poughkeepsie 18 Creek Road Easily accessible from Salt Point Turnpike/ Route

4 18 CREEK ROAD ~ TOWN OF POUGHKEEPSIE This is a great opportunity to own a business in the Town of Poughkeepsie in the heart of Dutchess County, New York. The property is easily accessed from Salt Point Turnpike (Route 115) and Route 9G. This commercial building is situated on 2.83 acres. It is zoned for light and heavy industrial use. The interior is currently an open floor plan but can be arranged to accommodate virtually any use. The two-story building consists of the main floor and a lower level. The Main Level: The main level consists of the large, open space along with three motor vehicle bays. The loading dock is accessed through main level. -2-

5 The Lower Level: Currently, the lower level basically consists of garage space, which can be reconfigured. Because this property has Town water and sewer, any new business configuration would be free of any Board of Health restrictions due to well water and sewer. Any type of business would be suitable for this property. However, it would be excellent for motor vehicle repair, rental and/or service. The neighborhood has a variety of mixed-use properties. On one side of the property is a bus company and on the other is a residence. Across the street is a park. Dutchess County LOOP bus routes service Salt Point Turnpike, as well as BOCES and Dutchess Community College, all in the vicinity of the property. -3-

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7 Dutchess County Assessor s Map 18 Creek Road Town of Poughkeepsie -5-

HEAVY INDUSTRIAL USES Section 210-40 of the Town of Poughkeepsie Zoning Regulations states that the following uses would be permitted on the property: Permitted Uses: Equipment, rental or sales yards

8 HEAVY INDUSTRIAL USES Section of the Town of Poughkeepsie Zoning Regulations states that the following uses would be permitted on the property: Permitted Uses: Equipment, rental or sales yards Laundering, dry cleaning and dyeing works Certain manufacturing, including fabrication, converting, processing, altering, assembly or other handling or products Transfer station Wholesale business Health club Food processing plant, including wholesale bakery Beverage distributors Cold storage plant Indoor and outdoor recreation -6-

9 SPECIAL PERMITTED USES The following special permitted uses are subject to site plan approval by the Town of Poughkeepsie Planning Board: Motor vehicle repair facility Motor vehicle rental facility Motor vehicle sales and service Motor vehicle service facility Recycling businesses Trucking, freight and bus terminals Indoor flea markets, auction businesses Heliports Contractor s yard Bulk storage, including bulk fuel storage and distribution SPECIAL ACCESSORY PERMITTED USES The following accessory uses are subject to site plan approval by the Town of Poughkeepsie Planning Board: Bus passenger shelters Temporary buildings for construction purposes Accessory buildings and structures Any uses customarily incidental to the principal permitted use -7-

10 LIGHT INDUSTRIAL PERMITTED USES Along with the heavy industrial uses permitted by the Town of Poughkeepsie, the property is also approved for all light industrial uses, also subject to site plan approval. Light industrial uses include several of the heavy industrial uses, plus the following: Business parks Industrial parks Machine Shop Municipal buildings Processing Public utility structures Light permitted special uses: Building material sales and storage Radio and television station studios and antennas Warehouse and storage businesses Equipment rental -8-

11 BUILDING SPECIFICATIONS The following information is supplied by the Dutchess County Assessor s Office: Square Footage 5,026 Stories 2 Site Information Zoning Construction Public water & sewer Heavy Industrial Above Average -9-

12 DOING BUSINESS IN DUTCHESS COUNTY By contacting the Dutchess County Economic Development Council, assistance can be provided by a variety of sources for any necessary construction, modification or improvement needed in the infrastructure serving an eligible company. This information is provided by the Dutchess County Economic Development Council, which is solely responsible for its content and accuracy. Please go to their website Infrastructure improvements include, but are not limited to: Site clearance Access roads Docks Rail spur enhancements Water & sewer lines Paving Wharves The following information is provided by the Dutchess County Economic Development Council: -10-

13 Business in Dutchess County is thriving, thanks to a growing economy that supports established businesses while encouraging new business investment. In its role of providing resource referral to local businesses as well as to businesses interested in relocating or expanding in Dutchess County DCEDC acts as a convener and facilitator, bringing together individual stakeholders and businesses to develop approaches to some of the many challenges faced by businesses today. One example is DCEDC's Municipal Conversations initiative. Economic and population growth have called for increased communication and cooperation among municipalities, businesses, schools, real estate agencies, and property owners. Through its Municipal Conversations initiative, DCEDC helps to facilitate and expedite the necessary approval procedures so that new projects can be developed, completed, and placed on the tax rolls in the shortest possible time. -11-

14 Funding Sources Objectives Eligibility Use of Funds Terms & Loan Conditions City of Poughkeepsie Economic Dev. Loan Fund City of Poughkeepsie Façade Grant Job creation Industrial/commercial/retail Target low-to-moderate income Start-up & existing City of levels Pok locations Economic Development Renovation City of Poughkeepsie Economic Development New Business Retail Retail Business Attraction Rental Subsidy Grant City of Poughkeepsie Commercial Properties New qualified retail and service tennants in the main street corridor Fixed assets Inventory Leasehold improvements Façade improvement: Construction Materials, Equipment Rental N/A $50,000 maximum Low interest rate 0% for Startups Max grant: $5,000 Rent subsidy grant matches to lessor's reduction of rent from fair asking price for first floor leased space up to 1000 SF; $3/sf year 1, $2/sf year 2, $1/sf year 3. City of Poughkeepsie UDAG Loan NY Business Development Corp Job creation, achieve strategic development goals Employment Economic development Generally larger projects resulting in substantial investment and benefit to the City Industrial/commercial/retail Start-up & existing Real estate and equipment. Gap financing Fixed assets/working capital Renovations Restructure debt Leveraged buy-outs Amount and term depend on need and financial capacity of applicant Loan range: $100,000 to $1m Variable terms (5 to 15 yrs) (SBA 504 long term) Interest rate: prime + 2% or fixed & tied to treasury NYS Linked Deposit Job creation Improve competitiveness Modernization New technology Statewide Zone CapitalBusinenss development within Corp Empire Zone Manufacturing < 500 employees Equipment Service < 100 employees Marketing Export < 100 employees Modernization EZ certified businesses Approval by EZ Administrative Board -12- Fixed assets Operating capital Loan range: up to $1m 2-year duration Interest rate subsidies Loan range: $30,00 - $300,000 terms: 5% for 3 years 6% thereafter

15 Small Business Seed or growth capital Technology Investment Venture capital Fund Industrial commercial Technology to develop hightech products Patents Production development Manufacturing ramp-up Expansion New product introduction Loan range: up to $500,000 Matching funds (% depends on product stage) equity/convertible debt Loans with warranty Manufacturing growth NYS Job Development Job creation: 1 job/$35,000 Authority interest penalties if goals not achieved Statewide Zone Capital Corporation of New Job creation/retention York (SZCC) Business & Industry Loan Guarantees Job creation Ec. development for rural businesses Industrial/commercial/service Zone certified Commercial All areas except cities of more than 50,000 & their immediately adjacent urban areas Fixed assets Modernization Machinery & equipment Fixed assets Working capital Equipment & real estate Acquisition Start up Expansion Loan range: $30,000-$300,000, up to 50% of project Equity up to 25% 10% equity required of developer Interest rate: fixed or floating rate available 3-15 yr term Lender & borrower negotiate terms within max terms allowed by USDA Interest rate set by lender, fixed or variable Water & Waste Disposal Loan Guarantees Community Facilities Guaranteed Loan Providing infrastructure for rural areas Provide financial aid through direct & guaranteed loans Rural area and places w/ up to 10,000 population -13- Land and building Equipment Working capital & infrastructure Real estate & equipment Non-profit & cooperative associations Working capital Public bodies & other utilities Infrastructure Not eligible for grant Interest rates in accordance w/ 7CFR SBA (504) Loan Provide growing businesses Operating businesses for profitreal estate and equipment Increment above the current

16 Program SBA 7a Loan Guarantee Program w/long term fixed rate financing Provide loans to small businesses unable to secure financing through noraml lending channels Within size standards of SBA Start-up and existing Industrial, commercial, retail Real estate & equipment Working capital Leasehold improvements Inventory market rate for 5 years yr terms Max loan amount of $2 million Max SBA can guarantee is $1 million Max guarantee range is 75-85% -14-

17 CONCLUSION Hudson Valley Premier Properties Realty will be happy to provide you with any additional information you may require. We can also arrange a tour of this property. OTHER SERVICES PROVIDED BY HVPP REALTY Hudson Valley Foreclosures Through its subsidiary, Hudson Valley Foreclosures, HVPP Realty offers a unique service for the savvy investor: HVF will locate foreclosed properties ready for auction and provide complete information about the property. Our client will receive a report reflecting the properties acreage, square footage, bedrooms/bathrooms, style, site information, tax liens, mortgages, and more. HVF also locates REO properties. If you are interested, we will be placed to send you more information about HVF. Hudson Valley Premier Properties Management Through its subsidiary, Hudson Valley Premier Properties Management, HVPP Realty offers complete property management services. If you are interested, we will be placed to send you more information about HVPP Management. Hudson Valley Premier Properties Staging Through its subsidiary, Hudson Valley Premier Properties Staging, HVPP Realty offers staging services that guarantees to help you sell your property faster and for more money! If you are interested, we will be placed to send you more information about HVPP Staging. Thomas S. Klug, Broker/Owner Hudson Valley Premier Properties Realty LLC 190 Beechwood Avenue Poughkeepsie, New York Office: Fax: Cell:

Commercial Building for Lease. For Lease at $10.00/SF Gross + Expenses

Commercial Building for Lease. For Lease at $10.00/SF Gross + Expenses Commercial Building for Lease EXECUTIVE SUMMARY 232-242 Boston Post Road Milford, Connecticut 06460 For Lease at $10.00/SF Gross + Expenses 5,750 SF freestanding building with direct access from Plains