8211 TOWN CENTER DRIVE WHITE MARSH, MD 21236 LONG-TERM LEASED, SINGLE TENANT OPPORTUNITY INVESTMENT SUMMARY
EXECUTIVE SUMMARY NKF Capital Markets is pleased to offer for sale the 100% fee simple interest in 8211 Town Center Drive, located in White Marsh, Maryland (the Property ). Measuring 69,401square feet, the offering represents an opportunity to acquire a single tenant, Class A office asset in the heart of White Marsh Town Center. The opportunity is comprised of one institutionally maintained, multistory Class A office building, with a single strong credit tenant and direct access to I-95, one of the nation s busiest interstates. The Property is located in the heart of White Marsh Town Center off of Corporate Drive, one of the main thoroughfares in White Marsh. Situated within the area s major business park, the Property is located directly adjacent to White Marsh Mall, The Avenue at White Marsh, and Nottingham Square Shopping Center, providing hundreds of dining and retail options. The Property represents a clear and compelling investment opportunity to purchase a single tenant building with strong credit and contractual rent bumps. 2
69,401 SQUARE FEET 100% LEASED TOWN CENTER LOCATION $2M+ INTERIOR RENOVATION DIRECT ACCESS TO I-95 CONTRACTUAL RENT INCREASES HIGHEST WALK SCORE IN THE MARKET 3
The Mariner Finance Building is a 69,401 square foot, Class A office building directly off I-95, one of the most traveled highways on the East Coast. Located in the heart of White Marsh Town Center, the Mariner Finance Building is an institutionally maintained office asset with the best access to walkable amenities in the submarket. 4
CONFIDENCE IN THE FUTURE Stable, strong credit tenant Tremendous tenant investment ($2M+) Rapidly diminishing supply of land zoned for future office development LEASE TERM 8 years of term remaining FUTURE HOTEL DEVELOPMENT UNDER CONSTRUCTION LATE 2018 2.0% annual rent increases UNPARALLELED ACCESS WITHIN I-95 NORTH CORRIDOR White Marsh location offers superb access to the entire Baltimore metro area Located immediately off of I-95 Visibility off of I-95 (more than 160,000 cars per day) Recently completed $1 billion I-95 infrastructure improvements through White Marsh 95 5
6 TENANT OVERVIEW
MARINER FINANCE COMPANY OVERVIEW Mariner Finance is an originator and servicer of consumer loans, including personal, automobile and home loans, and operates one of the largest branchbased lending companies in the United States. Mariner employs over 1,700 people across 22 states and 450 branch locations. The company is headquartered at 8211 Town Center Drive in White Marsh, Maryland. For more information, please visit www.marinerfinance.com. COMPANY HISTORY The company was founded in 2002, and was a subsidiary company of First Mariner Bancorp. Mariner Finance was purchased by Milestone Partners in 2009, and subsequently sold in 2013 to an investment group including private equity giant Warburg Pincus. Mariner has experienced rapid expansion, following organic growth and acquisitions. The company had just 57 branches in 2013, growing to 265 locations in 18 states by 2015, and over 22 states and 450 branches today. PARENT COMPANY OVERVIEW Mariner Finance is a wholly-owned subsidiary of an investment group anchored by Warburg Pincus, a leading global private equity firm with more than $44 billion in assets under management, and an active portfolio of more than 150 companies. Founded in 1966, Warburg Pincus has raised 17 private equity funds with institutional capital, which have invested more than $60 billion in over 800 companies in more than 40 countries. 7
THE AVENUE AT WHITE MARSH 8 LOCATION OVERVIEW
THE STRENGTH OF WHITE MARSH TREMENDOUS RETAIL & MULTIFAMILY CORRIDOR 3 million square feet of retail within a 1 mile radius of the asset LESS THAN 2 MILES TO BALTIMORE COUNTY S 5TH LARGEST EMPLOYER FRANKLIN SQUARE MEDICAL CENTER 1.4% retail vacancy rate 527 multifamily units delivered in 2017 350 unit multifamily development adjacent to the property to begin construction Q4 2018 WHITE MARSH S HISTORY OF SINGLE TENANT BUILDING S SUCCESS 8 single tenant office assets in the Town Center market 98.73% average occupancy since 1994 Only 2 vacancies in over 20 years White Marsh has a tremendous ability to retain tenants 9
INVESTMENT ADVISORS Cristopher Abramson Executive Managing Director (410) 625-4210 cabramson@ngkf.com Brian Kruger Senior Managing Director (410) 625-4211 bkruger@ngkf.com Nicholas Signor Director (410) 625-4206 nsignor@ngkf.com Ben McCarty Associate (410) 844-4005 ben.mccarty@ngkf.com