MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK Casey Litsey Associate Advisor

MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 Casey Litsey Associate Advisor 918.201.2005 clitsey@svn.com Raymond Lord Managing Director 918.201.2005 rlord@svn.com SVN OAK REALTY ADVISORS 4812 E 81ST ST, STE 301, TULSA, OK 74137 OFFERING MEMORANDUM

PROPERTY INFORMATION 3 Property Summary Property Description Complete Highlights Additional Photos LOCATION INFORMATION 8 Regional Map Location Maps Aerial Map FINANCIAL ANALYSIS 12 Financial Summary Income & Expenses SALE COMPARABLES 15 Sale Comps Sale Comps Summary Sale Comps Map RENT COMPARABLES 20 Rent Comps Rent Comps Summary Rent Comps Map DEMOGRAPHICS 25 Demographics Report Demographics Map ADVISOR BIOS 28 Advisor Bio & Contact 1 Advisor Bio & Contact 2 Back Page MCCULLOCH BUILDING 114 NORTH GRAND AVE, OKMULGEE, OK 74447 OFFERING MEMORANDUM

1 PROPERTY INFORMATION 114 North Grand Ave Okmulgee, OK 74447 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 3

Property Summary OFFERING SUMMARY Sale Price: $825,000 Cap Rate: 8.5% NOI: $90,000 Lot Size: 0.33 Acres Year Built: 1920 PROPERTY OVERVIEW McCulloch Building located in the heart of downtown Okmulgee, Built in 1920 with 60,000 Sq Ft and additional space, designed by the creators of the Philtower in Tulsa, OK PROPERTY HIGHLIGHTS Historic Potential upside Heart of downtown Building Size: Market: Submarket: 60,000 SF Okmulgee Okmulgee County Price / SF: $13.75 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 4

Property Description PROPERTY OVERVIEW McCulloch Building located in the heart of downtown Okmulgee, Built in 1920 with 60,000 Sq Ft and additional space, designed by the creators of the Philtower in Tulsa, OK LOCATION OVERVIEW McCulloch Building located in the heart of downtown Okmulgee, Built in 1920 with 60,000 Sq Ft and additional space, designed by the creators of the Philtower in Tulsa, OK MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 5

Complete Highlights SALE HIGHLIGHTS Historic Potential upside Heart of downtown MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 6

Additional Photos MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 7

2 LOCATION INFORMATION 114 North Grand Ave Okmulgee, OK 74447 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 8

Regional Map McCulloch Building MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 9

Location Maps MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 10

Aerial Map McCulloch Building MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 11

3 FINANCIAL ANALYSIS 114 North Grand Ave Okmulgee, OK 74447 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 12

Financial Summary INVESTMENT OVERVIEW Price $825,000 Price per SF $13.75 CAP Rate 8.5% Cash-on-Cash Return (yr 1) 36.36 % Total Return (yr 1) $89,994 Debt Coverage Ratio 17142.86 OPERATING DATA Gross Scheduled Income $240,000 Other Income $0 Total Scheduled Income $192,000 Vacancy Cost $48,000 Gross Income $144,000 Operating Expenses $102,000 Net Operating Income $90,000 Pre-Tax Cash Flow $89,994 FINANCING DATA Down Payment $247,500 Loan Amount $577,500 Debt Service $5 Debt Service Monthly $0 Principal Reduction (yr 1) - MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 13

Income & Expenses INCOME SUMMARY PER SF Gross Income $144,000 $2.40 EXPENSE SUMMARY PER SF Gross Expenses $102,000 $1.70 Net Operating Income $90,000 $1.50 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 14

4 SALE COMPARABLES 114 North Grand Ave Okmulgee, OK 74447 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 15

Sale Comps SUBJECT PROPERTY 114 North Grand Ave, Okmulgee, OK 74447 Sale Price: $825,000 Lot Size: 0.33 Acres Year Built: 1920 Building SF: 60,000 SF Price PSF: $13.75 Cap: 8.5% NOI: $90,000 1 PRIME 71ST 1515 East 71st Street Tulsa, OK 74136 Sale Price: $1,825,000 Building SF: 32,043 SF Price PSF: $56.95 Lot Size: 1.25 Acres Year Built: 1982 1 2 MIDFIRST BANK BLDG 7050 S Yale Ave Tulsa, OK 74136 Sale Price: $3,750,000 Building SF: 44,531 SF Price PSF: $84.21 Lot Size: 1.5 Acres Year Built: 1977 2 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 16

Sale Comps 3 3100 CENTER 3105 East Skelly Drive Tulsa, OK 74105 Sale Price: $1,854,000 Building SF: 55,326 SF Price PSF: $33.51 Lot Size: 3.81 Acres Year Built: 1975 3 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 17

Sale Comps Summary SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS McCulloch Building 114 North Grand Ave Okmulgee, OK 74447 $825,000 60,000 SF $13.75 8.5% - SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE 1 2 3 Prime 71st 1515 East 71st Street Tulsa, OK 74136 MidFirst Bank Bldg 7050 S Yale Ave Tulsa, OK 74136 3100 Center 3105 East Skelly Drive Tulsa, OK 74105 $1,825,000 32,043 SF $56.95 - - - $3,750,000 44,531 SF $84.21 - - - $1,854,000 55,326 SF $33.51 - - - PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE Totals/Averages $2,476,333 43,967 SF $56.32 - - MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 18

Sale Comps Map SUBJECT PROPERTY 114 North Grand Ave, Okmulgee, OK 74447 PRIME 71ST 1 1515 East 71st Street Tulsa, OK 74136 MIDFIRST BANK BLDG 2 7050 S Yale Ave Tulsa, OK 74136 3100 CENTER 3 3105 East Skelly Drive Tulsa, OK 74105 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 19

5 RENT COMPARABLES 114 North Grand Ave Okmulgee, OK 74447 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 20

Rent Comps SUBJECT PROPERTY 114 North Grand Ave, Okmulgee, OK 74447 Lease Rate: Bldg Size: SF 60,000 SF Space Size: 0 SF Year Built: 1920 Lot Size: 0.33 Acres 1 EXECUTIVE CENTER 7134 S Yale Ave Tulsa, OK 74136 Lease Rate: Building SF: $16.50 / SF / y 113,232 SF Space Size: SF Year Built: 1984 Lot Size: 34.84 Acres 1 2 RIVER BRIDGE OFFICE PARK 1323 E 71st St Tulsa, OK 74136 Lease Rate: Building SF: $14.50 / SF / y 67,694 SF Space Size: SF Year Built: 1984 Lot Size: 3.74 Acres 2 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 21

Rent Comps 3 INTERNATIONAL TOWERS 5200 S Yale Ave Tulsa, OK 74135 Lease Rate: Building SF: $12.00 / SF / y 34,251 SF Space Size: SF Year Built: 1970 Lot Size: 2.02 Acres 3 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 22

Rent Comps Summary SUBJECT PROPERTY PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % McCulloch Building 114 North Grand Ave Okmulgee, OK 74447 N/A 0 SF 60,000 SF - - RENT COMPS PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % 1 2 3 Executive Center 7134 S Yale Ave Tulsa, OK 74136 River Bridge Office Park 1323 E 71st St Tulsa, OK 74136 International Towers 5200 S Yale Ave Tulsa, OK 74135 $16.50-113,232 SF - - $14.50-67,694 SF - - $12.00-34,251 SF - - PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % Totals/Averages $14.33 0 SF 71,726 SF - 0% MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 23

Rent Comps Map SUBJECT PROPERTY 114 North Grand Ave, Okmulgee, OK 74447 EXECUTIVE CENTER 1 7134 S Yale Ave Tulsa, OK 74136 RIVER BRIDGE OFFICE PARK 2 1323 E 71st St Tulsa, OK 74136 INTERNATIONAL TOWERS 3 5200 S Yale Ave Tulsa, OK 74135 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 24

6 DEMOGRAPHICS 114 North Grand Ave Okmulgee, OK 74447 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 25

Demographics Report 1 MILE 5 MILES 10 MILES Total population 1,388 18,445 24,937 Median age 34.3 36.7 37.9 Median age (male) 33.3 34.8 35.7 Median age (female) 35.2 38.3 39.5 Total households 521 7,388 9,897 Total persons per HH 2.7 2.5 2.5 Average HH income $39,385 $40,135 $43,651 Average house value $75,432 $78,608 $84,505 * Demographic data derived from 2010 US Census MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 26

Demographics Map POPULATION 1 MILE 5 MILES 10 MILES Total population 1,388 18,445 24,937 Median age 34.3 36.7 37.9 Median age (Male) 33.3 34.8 35.7 Median age (Female) 35.2 38.3 39.5 HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households 521 7,388 9,897 # of persons per HH 2.7 2.5 2.5 Average HH income $39,385 $40,135 $43,651 Average house value $75,432 $78,608 $84,505 * Demographic data derived from 2010 US Census MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 27

7 ADVISOR BIOS 114 North Grand Ave Okmulgee, OK 74447 MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 28

Advisor Bio & Contact 1 CASEY LITSEY Associate Advisor PROFESSIONAL BACKGROUND Casey Litsey is a Commercial Real Estate Advisor for SVN Realty in Tulsa, OK., which focuses on the customer experience. A lifetime resident of Tulsa, Casey not only knows the community, he s glad to share his knowledge. As graduate of Victory Christian School, Casey jumped right into his career in real estate at 18 years old, working. Since then mentorship from Oklahoma s top brokers. Casey focuses his core values of community, family, and achievement into every detail of your real estate transaction. His mutual insight and experience are the key to meeting each customer s personal goals. Each sales encounter is special as Casey really goes above and beyond for every aspect of your purchase or sale. 4812 E 81st ST STE 301 Tulsa, OK 74137 T 918.201.2005 C 918.857.5961 clitsey@svn.com MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 29

Advisor Bio & Contact 2 RAYMOND LORD PROFESSIONAL BACKGROUND Managing Director As an apartment specialist with SVN OAK Realty Advisors, in Oklahoma, Kansas and Arkansas, Raymond s primarily focus on multi-family properties since 1987 and their dispositions for banks, private clients as well as Institutional Investors. In addition he has an extensive background in the disposition of assets for FNMA, FDIC and in the past the RTC and various institutional investors, and banking assignments throughout the Midwest and Southwest region of the U.S. His forte is financial analysis of investments and effective marketing of assets both regionally and nationally. Raymond has transacted over $2.5 billion of transactions, including investment sales, joint ventures, redevelopment and recapitalization advisory assignments. SVN OAK Realty Advisors Tulsa OK Managing Director 2016 NAI Commercial Properties Tulsa OK Principal 2000 to 2016 Commercial Real Estate Tulsa OK Investment 1997 to 2000 The Lyon Group Management CA President 1987-1997 American Village on the Lake 464 Units Tulsa OK Redfern Portfolio 1,465 Units Tulsa OK Woodlake Apartments 799 Units OKC OK One Western & Quail Ridge 150,000 SF Office OKC Brookline Office Complex 74,000 SF OKC Modern Bindery Industrial 100,000 SF Tulsa OK 4812 E 81st ST STE 301 Tulsa, OK 74137 T 918.201.2005 C 918.850.1779 rlord@svn.com Macco Properties 1,541 units OKC OK Cobblestone 482 Units Tulsa OK Case & Associates 585 Units Phoenix American Residential 324 Units Tulsa OK Real Source 284 & 544 Tulsa / OKC Sterling American 682 Unit Tulsa OK EDUCATION Northrop School of Law, Los Angeles, CA, Juris Doctorate University of Florida, Gainesville, FL, BA Finance MEMBERSHIPS & AFFILIATIONS Multifamily Dispositions/Acquisitions ; Property Repositioning ; Court Appointed Approved Receiver Licensed Real Estate Broker, Oklahoma SVN OAK Realty Advisor's National Association of Realtors Regional Director Greater Tulsa Association of Realtors MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK 74447 SVN OAK Realty Advisors Page 30