Soiree Events & Banquet Hall

Soiree Events & Banquet Hall OFFERING MEMORANDUM

CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

TABLE OF CONTENTS Section 1 PRICING AND FINANCIAL ANALYSIS Section 2 PROPERTY DESCRIPTION Section 3 RECENT SALES Section 4 DEMOGRAPHIC ANALYSIS

PRICING AND FINANCIAL ANALYSIS Soiree Events & Banquet Hall

PRICING AND FINANCIAL ANALYSIS OFFERING SUMMARY Unit Mix No. of Units** Unit Type Approx. Square Feet Total Employer # of Employees Major Employers Price $1,800,000 Down Payment 25% / $450,000 Total Rentable Square Feet 16,200 Price/Square Foot $111.11 Retail - Gross Leasable Area (GLA) 8,200 Office - Rentable Square Feet 8,000 Year Built 2008 Lot Size 2.07 Acres Vital Data CAP Rate - Pro Forma 5.70% Net Operating Income - Pro Forma $102,646 Net Cash Flow After Debt Service - Pro Forma 15.03% / $67,646 Total Return - Pro Forma 15.03% / $67,646 Demographics 1-Mile 3-Mile 5-Mile 2012 Population 2017 Population 2012 Households 2017 Households Median HH Income Per Capita Income Average HH Income 1

PRICING AND FINANCIAL ANALYSIS FINANCING Existing Financing Loan Type Other Comments See Agent Proposed Financing First Trust Deed Loan Amount $1,350,000 Loan Type Proposed New Interest Rate 4.5% Amortization 20 Years 2

PRICING AND FINANCIAL ANALYSIS INCOME AND EXPENSES Total Rentable Square Feet 16,200 Retail - Gross Leasable Area (GLA) 8,200 Office - Rentable Square Feet 8,000 Income Pro Forma Retail GROSS POTENTIAL RENT $98,400 GROSS POTENTIAL INCOME $98,400 Vacancy/Collection Allow. (% of GPR) 5.0% / $4,920 EFFECTIVE GROSS INCOME $93,480 Office GROSS POTENTIAL RENT $96,000 GROSS POTENTIAL INCOME $96,000 Vacancy/Collection Allow. (% of GPR) 5.0% / $4,800 EFFECTIVE GROSS INCOME $91,200 COMBINED EFFECTIVE GROSS INCOME $184,680 Total Expenses $82,034 % of EGI 44.4% NET OPERATING INCOME $102,646 Reserves/Replacements $35,000 NET CASH FLOW BEFORE DEBT SERVICE $67,646 3

PRICING AND FINANCIAL ANALYSIS EXPENSES Pro Forma Per SF Real Estate Taxes $24,000 $1.48 Insurance $5,000 $0.31 Utilities $3,600 $0.22 Repairs & Maintenance $2,800 $0.17 CAM $5,000 $0.31 Management $9,234 $0.57 Reserves/Replacements $32,400 $2.00 TOTAL EXPENSES $82,034 $5.06 % of EGI 44.4% 4

PRICING AND FINANCIAL ANALYSIS FINANCIAL OVERVIEW Location 6394 Silver Star Road Orlando, FL 32818 Price $1,800,000 Down Payment 25% / $450,000 Total Rentable Square Feet 16,200 Price/Square Foot $111.11 Retail - Gross Leasable Area (GLA) 8,200 Office - Rentable Square Feet 8,000 CAP Rate- Pro Forma 5.70% Year Built 2008 Lot Size 2.07 Acres Type of Ownership Fee Simple Annualized Operating Data Income Current Pro Forma Retail - Gross Potential Rent $98,400 Office - Gross Potential Rent $96,000 Combined Gross Potential Rent $194,400 Gross Potential Income $194,400 Less: Vacancy/Collection Allow. $9,720 Effective Gross Income $184,680 Less: Combined Expenses $82,034 Net Operating Income $102,646 Reserves/Replacements $35,000 Net Cash Flow Before Debt Service $67,646 Debt Service $102,489 Net Cash Flow After Debt Service 15.03% / $67,646 Principal Reduction $42,611 Total Return 15.03% / $67,646 Financing FIRST TRUST DEED Loan Amount $1,350,000 Loan Type Proposed New Interest Rate 4.5% Amortization 20 Years SECOND TRUST DEED Loan information is time sensitive and subject to change. Contact your local Marcus & Millichap Capital Corporation representative. Expenses Real Estate Taxes $24,000 Insurance $5,000 Utilities $3,600 Repairs & Maintenance $2,800 CAM $5,000 Management $9,234 Reserves/Replacements $32,400 TOTAL EXPENSES $82,034 EXPENSES/SF $5.06 % of EGI 44.4% 5

PROPERTY DESCRIPTION Soiree Events & Banquet Hall

PROPERTY DESCRIPTION INVESTMENT OVERVIEW Investment Highlights 16,000-Square-Foot Mix-Used Commercial Building Built 2008 Popular Full Service Event Center and Banquet Hall with Liquor License Value Add Potential to Lease Out 8,000-Square-Foot Retail/Office 9,000-Square-Foot Banquet Hall in the Center with Over 1,000 Occupancy Capacity 3,500-Square-Foot Lounge Area Full Size Service Kitchen More Than 85 Parking Spaces Real estate and business for sale as vacant owner user (business price extra and negotiable). Includes all furniture, fixtures, equipment and leasehold improvements. Improvements invested over $700,000.00. Excellent business opportunity. Operating on weekends, but could grossly increase income with weekdays events. Business qualifies for green card. This Banquet Events hall is truly elegant, with upscale detail, including carpet, two custom full service bars, large and elegant dance/event floor, moveable stages, spot lights, chandeliers, and regular fluorescent lighting and full size service kitchen. Spectacular 16,000-square-foot mix-use commercial building for sale with popular full service event center and banquet hall with liquor license. Commercial property and business can be sold separately if necessary. Property is situated on two acres, located directly on a high traffic main street with easy access to 408 and I-4 in the Orlando area. Building has four leased office units in the front, a 9,000-square-foot banquet hall in the center with over 1,000 occupancy capacity and a 3,500-square-foot lounge area in the back with more than 85 parking spaces. Sold as vacant - Owner user. This 16,000-square-foot mixed-use, class A income property features excellent access and visibility on one of Orlando's busiest roads. Known as the Pegasus Banquet and Conference Center, this class A income property is divisible into at least eight units. With a beautifully built and finished 9,000-square-foot banquet hall, a 200-square-foot stage, two bars, marble-clad restrooms and pristine office suites, this income property has it all. Both the interior and exterior are in excellent condition. Adaptable for a variety of uses! 7

PROPERTY DESCRIPTION PROPERTY SUMMARY The Offering Property Property Address Soiree Events & Banquet Hall 6394 Silver Star Road Orlando, FL 32818 Site Description Year Built 2008 Retail - Gross Leasable Area (GLA) 8,200 Office - Rentable Square Feet 8,000 Total Rentable Square Feet 16,200 8

PROPERTY DESCRIPTION PROPERTY FEATURES Kitchen 2 Full Bars 9

PROPERTY DESCRIPTION PROPERTY PHOTOS 10

PROPERTY DESCRIPTION AREA MAPS Local Map Regional Map 11

PROPERTY DESCRIPTION SITE PLAN 12

PROPERTY DESCRIPTION FLOOR PLANS 13

PROPERTY DESCRIPTION AERIAL PHOTO 14

RECENT SALES Soiree Events & Banquet Hall

RECENT SALES RECENT SALES MAP 1) 2) 3) 4) 5) Soiree Events & Banquet Hall 3699 S Orange Blossom Trl Mattress Giant and Additional Land Site 16123 W Colonial Dr 390 Longwood Lake Mary Rd OCOEE PLAZA 16

RECENT SALES GRAPHS AVERAGE PRICE/SQUARE FOOT 160.00 140.00 120.00 100.00 80.00 60.00 40.00 20.00 0.00 Subject 3699 S Orange Blossom Trl Mattress Giant and Additional Land Site 16123 W Colonial Dr 390 Longwood Lake Mary Rd OCOEE PLAZA 17

RECENT SALES RECENT SALES Soiree Events & Banquet Hall 6394 Silver Star Road Orlando, FL 32818 Offering Price: $1,800,000 Total Rentable SF: 16,200 Price/SF: $111.11 Year Built: 2008 Occupancy: Subject Property 1 3699 S Orange Blossom Trl 3699 South Orange Blossom Trail Orlando, FL 32839 Close of Escrow: 6/23/2014 Sale Price: $780,000 Total Rentable SF: 11,315 Price/SF: $68.94 Year Built: Occupancy: CAP Rate: GRM: Comments It is reported that on 6/23/14 these properties were sold. This information was gathered through public record and verified by the broker that handled both sides of the deal. 2 Mattress Giant and Additional Land Site 935 East Semoran Boulevard Casselberry, FL 32707 Close of Escrow: 1/13/2015 Sale Price: $830,000 Total Rentable SF: 8,200 Price/SF: $101.22 Year Built: 1996 CAP Rate: Occupancy: GRM: Comments It is reported that on 1/13/15 this property sold for $830k. This information was gathered through public record and verified by the broker that handled both sides of the transaction. 18

RECENT SALES RECENT SALES 3 16123 W Colonial Dr 16123 West Colonial Drive Oakland, FL 34787 Close of Escrow: 1/26/2015 Sale Price: $1,100,000 Total Rentable SF: 8,092 Price/SF: $135.94 Year Built: 2001 CAP Rate: Occupancy: GRM: Comments It is reported that on 1/26/15 this property sold for $1.1m. This information was gathered through public record and verified by the broker that handled both sides of the transaction. 4 390 Longwood Lake Mary Rd 390 Longwood Lake Mary Road Lake Mary, FL 32746 Close of Escrow: 6/23/2015 Sale Price: $1,200,000 Total Rentable SF: 9,054 Price/SF: $132.54 Year Built: 1993 CAP Rate: Occupancy: GRM: Comments This transaction represents the sale of a 9,054-square-foot church located in Lake Mary, Florida. The sale closed on June 23, 2015 in the amount of $1,200,000 or approximately $132.54 per square-foot. Matt Messier of CNL Commercial Real Estate represented the seller, Crossings Community Church, Inc. The buyer, Blessed House International Church, was represented by Krista Taurins of Charles Rutenberg Realty Orlando. 5 OCOEE PLAZA 221 South Clarke Road Ocoee, FL 34761 Close of Escrow: 9/22/2015 Sale Price: $2,095,000 Total Rentable SF: 13,225 Price/SF: $158.41 Year Built: 2006 CAP Rate: Occupancy: GRM: 19

DEMOGRAPHIC ANALYSIS Soiree Events & Banquet Hall

DEMOGRAPHIC ANALYSIS DEMOGRAPHIC REPORT 1 Mile 3 Miles 5 Miles 2000 Population 19,274 99,479 217,797 2010 Population 19,398 106,256 234,011 2014 Population 20,851 114,817 253,221 2019 Population 21,480 119,856 264,805 2000 Households 6,257 33,037 77,969 2010 Households 6,276 35,462 84,244 2014 Households 6,754 38,355 91,269 2019 Households 6,990 40,297 95,978 2014 Average Household Size 3.08 2.97 2.76 2014 Daytime Population 3,017 27,798 84,463 2000 Owner Occupied Housing Units 62.57% 62.25% 56.62% 2000 Renter Occupied Housing Units 32.26% 32.46% 36.60% 2000 Vacant 5.17% 5.30% 6.78% 2014 Owner Occupied Housing Units 56.64% 57.30% 54.62% 2014 Renter Occupied Housing Units 43.36% 42.70% 45.38% 2014 Vacant 11.02% 8.73% 8.70% 2019 Owner Occupied Housing Units 55.88% 56.69% 54.02% 2019 Renter Occupied Housing Units 44.12% 43.31% 45.98% 2019 Vacant 11.69% 9.08% 9.00% $ 0 - $14,999 17.7% 15.6% 14.8% $ 15,000 - $24,999 17.3% 15.1% 14.2% $ 25,000 - $34,999 17.3% 16.2% 14.8% $ 35,000 - $49,999 16.8% 17.8% 17.8% $ 50,000 - $74,999 17.5% 17.9% 17.6% $ 75,000 - $99,999 7.1% 8.7% 9.2% $100,000 - $124,999 3.4% 4.8% 5.3% $125,000 - $149,999 1.4% 2.0% 2.5% $150,000 - $199,999 0.8% 1.1% 2.0% $200,000 - $249,999 0.2% 0.3% 0.6% $250,000 + 0.6% 0.6% 1.2% 2014 Median Household Income $33,415 $37,317 $39,528 2014 Per Capita Income $14,468 $16,466 $19,901 2014 Average Household Income $44,594 $49,053 $54,941 Demographic data 2012 by Experian. 21

DEMOGRAPHIC ANALYSIS SUMMARY REPORT Geography: 5 miles Population In 2014, the population in your selected geography is 253,221. The population has changed by 16.26% since 2000. It is estimated that the population in your area will be 264,805 five years from now, which represents a change of 4.57% from the current year. The current population is 47.88% male and 52.11% female. The median age of the population in your area is 33.8, compare this to the Entire US average which is 37.3. The population density in your area is 3,227.29 people per square mile. Households There are currently 91,268 households in your selected geography. The number of households has changed by 17.05% since 2000. It is estimated that the number of households in your area will be 95,977 five years from now, which represents a change of 5.15% from the current year. The average household size in your area is 2.76 persons. Income In 2014, the median household income for your selected geography is $39,527, compare this to the Entire US average which is currently $51,972. The median household income for your area has changed by 0.51% since 2000. It is estimated that the median household income in your area will be $45,103 five years from now, which represents a change of 14.10% from the current year. The current year per capita income in your area is $19,901, compare this to the Entire US average, which is $28,599. The current year average household income in your area is $54,941, compare this to the Entire US average which is $74,533. Race & Ethnicity The current year racial makeup of your selected area is as follows: 39.97% White, 46.44% Black, 0.08% Native American and 3.82% Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin make up 16.89% of the current year population in your selected area. Compare this to the Entire US average of 17.13%. Housing In 2000, there were 47,359 owner occupied housing units in your area and there were 30,609 renter occupied housing units in your area. The median rent at the time was $606. Employment In 2014, there are 84,462 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 57.76% of employees are employed in white-collar occupations in this geography, and 42.27% are employed in blue-collar occupations. In 2014, unemployment in this area is 7.63%. In 2000, the average time traveled to work was 28.2 minutes. Demographic data 2012 by Experian. 22

DEMOGRAPHIC ANALYSIS POPULATION DENSITY Demographic data 2012 by Experian. Number of people living in a given area per square mile. 23

DEMOGRAPHIC ANALYSIS EMPLOYMENT DENSITY Demographic data 2012 by Experian. The number of people employed in a given area per square mile. 24

DEMOGRAPHIC ANALYSIS AVERAGE HOUSEHOLD INCOME Demographic data 2012 by Experian. Average income of all the people 15 years and older occupying a single housing unit. 25

OFFERING MEMORANDUM Jorge Luis Matos Associate Orlando Office License: FL: BK3099141 Tel: (407) 557-3839 Fax: (407) 557-3810 jorge.matos@marcusmillichap.com www.marcusmillichap.com/jorgematos Offices Throughout the U.S. and Canada www.marcusmillichap.com