Donny Self, CCIM O: 540.548.1023 C: 540.842.6202 dself@cbecommercial.com CBC.COM CBCWORLDWIDE.COM 1
CONFIDENTIALITY STATEMENT This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property AS IS CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them. CBC.COM CBCWORLDWIDE.COM 2
EXECUTIVE SUMMARY THE PROPERTY Central Corridor Industrial Park 5160 Lad Land Drive Fredericksburg, VA 22407 73,421 SF Industrial/Office Building for Sale 7.44 Acres Parcel Strong NNN Lease/Tenant in place: PAE Systems: 43,348 SF(59%) The Seller, through it's exclusive sales adviser, Coldwell Banker Commercial Elite, is please to offer this 73,421 SF Industrial/ Office Building on 7.44 acres for sale. The property is located in Central Corridor Industrial Park, a well established industrial/ business park just off of Route 1/Jefferson Davis Hwy in Spotsylvania County, Virginia. The property is situated just 3 miles from I-95, providing convenient access to the east coast s major interstate and transportation infrastructure. This property offers a owner/occupant or investment opportunity with a strong income income stream from an existing lease. The building is being offered with a solid NNN lease/tenant in place, PAE Systems, which currently occupies 43,348 SF (59%) with a remainder of 7+ years of initial lease term (Lease expires 12/31/24). Significant Interior improvements by PAE Systems Remainder of space 29,893 currently leased by building owners who plan to vacate upon terms of new owner/operator; The space is available for lease Well Maintained Building within, Central Corridor Industrial Park, a established Industrial/Business Park Great Location just off Route 1/Jefferson Davis Hwy, situated just 3 miles of I-95 Current population within 5 miles nearly 100,000 residents PAE Systems (A-T Solutions) leased the space in 2014, moving from their operations from a former location in the Fredericksburg Region. Upon lease execution PAE made sizable capital improvements including a full upgrade of the office space within the premises. CBC.COM CBCWORLDWIDE.COM 3
INVESTMENT SUMMARY THE PROPERTY Central Corridor Industrial Park 5160 Lad Land Drive Fredericksburg, VA 22407 OVERVIEW Property Type: Total RSF: Building Class Industrial/Office 73,241 SF B Number of Stories 2 Parcel ID 49-10-2 Lad Land Drive Total Land: 7.44 Acres Zoning I-1 Percent Leased 59% Vacant Lease Type 29,893 sq. ft. Absolute NNN Year Built 1980 Roof & Structure Landlord Responsibility PRICE Sale Price: $4,150,000 Contact for More information on Lease Information, NOI, etc. CBC.COM CBCWORLDWIDE.COM 4
FLOOR PLAN (Main Level) PRODUCTION AREA/WAREHOUSE 33,936 SF Leased to PAE AVAILABLE/VACANT OFFICE & FLEX WAREHOUSE 29,893 SF CBC.COM CBCWORLDWIDE.COM 5
FLOOR PLAN (Mezzanine Office Level) 9,412 SF Leased to PAE (A-T Solutions) CBC.COM CBCWORLDWIDE.COM 6
LEASE SUMMARY (PAE SYSTEMS) Tenant PAE SYSTEMS (A-T Solutions) Tenant Summary Lease Type NNN Premises Leased 43,348 SF Pro Rata Share 59% Lease Term 10 Years Term Remaining 7+ years CALL FOR MORE INFORMATION (NOI, etc.) 540-842-6202 PAE: Pacific Architects and Engineers Founded: 1955 # of Employees: 15,000+ Ownership: Private Website: www.pae.com Over the past 60 years, PAE (and the entities it acquired) has operated in over 110 countries, continuously strengthening its position as a global leader, with experience providing enduring support for the essential missions of the U.S. government, its allied partners and international organizations. In May 2015, PAE acquired A-T Solutions (A-TS). Founded in 2002 by former explosive ordnance disposal experts, A-TS had earned a reputation for rapid growth as a global provider of counterterrorism solutions. In 2008, the private investment firms, CI Capital and CoVant, acquired A-TS, providing the company with financial backing to expand. Over the next four years, A-TS acquired four companies, adding more counter threat and technology, intelligence and engineering capabilities to complement its already robust training, logistics and mission support competencies. CBC.COM CBCWORLDWIDE.COM 7
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PROPERTY NAME AERIAL PROXIMITY MAP MARINE CORPS BASE QUANTICO Doc Stone Commons Stafford Marketplace STAFFORD REGIONAL AIRPORT KING GEORGE GATEWAY STAFFORD LAKES CENTRAL PARK EXIT 130 NSWC DAHLGREN SOUTHPOINT EXIT 126 Spotsylvania Towne Center SPOTSYLVANIA COURTHOUSE FORT A.P. HILL EXIT 118 LAKE ANNA EXIT 110 CBC.COM CBCWORLDWIDE.COM 9
MARKET OVERVIEW The Greater Fredericksburg Region encompasses 1,400 square miles of land area and comprises of the City of Fredericksburg and the surrounding counties of Spotsylvania, Stafford, King George and Caroline. Strategically located midway between Washington D.C. (the 4th largest market in the U.S) and Richmond, VA, the region offers outstanding business, educational and recreational opportunities. As of 2014, the Fredericksburg Region had a total population of 344,631, and is anticipated to double in the next 25 years. For the past eight years, the Fredericksburg Region has been the fastest growing region in the Commonwealth of Virginia and is nationally ranked as well. Recent census data from the U.S. Census Bureau has ranked the City of Fredericksburg as the 6th fastest growing locality in the U.S. with a growth rate of 5.8% between April, 2010 to July, 2011. Fredericksburg has also been ranked as Virginia s fastest-growing locality since 2010, increasing by more than 15% in a new study released by the University of Virginia s Weldon Cooper Center. Propelling the population growth is the Region s Employment base. Ranked as the #1 Growth Region, the Fredericksburg area has seen the highest rate of business growth in Virginia for the past 5 years. The Region is home to 3 large military installations including Marine Corps Base Quantico, Dahlgren Surface Naval Warfare Center, and Fort A.P. Hill, which combined infuse over $7 billion into the economy yearly. The Region s population growth has spurred housing market expansion and has played a major role in economic growth, assisting in the overall recovery from the great recession. The Fredericksburg Region has a total population over 340,000 Located 50 miles south of Washington D.C. and 50 miles north of Richmond, VA Home to 3 Military Installations : Marine Corps Base Quantico (Stafford), A.P. Hill (Spotsylvania), Dahlgren (King George); These bases employ over 40,000 people and produce an economic impact of $6 Billion annually 5 VRE (Virginia Railway Express) Stations Home to the University of Mary Washington and Germanna Community College Tourism Spending in the Fredericksburg Region totaled over $676 Million in 2015 and of that $171M was spent in the City of Fredericksburg 3 Hospitals: Spotsylvania Regional Medical Center, Mary Washington Hospital, Stafford Hospital Major Employers include: Geico, Department of Defense, FBI, Mary Washington Healthcare One of the fastest growing Regions in Virginia and the U.S. and boasts some of the highest household incomes in the Nation CBC.COM CBCWORLDWIDE.COM 10
MARKET STATS: Infographic Tourist Spent As of 2016, There are over 350,000 residents living in the greater Fredericksburg Region DEMOGRAPHICS (2016) Households: 122,138 Average HH Income: $99,012 Civilian Labor Force: 175,508 2012 GDP: $14.54B Virginia s #1 Growth Region Home to 3 Large Military Installations: providing over $7 billion in economic impact annually Home to some of the Highest Household Incomes in the Nation (Stafford County Ranked #5 in the Nation) Over $500M in Major Transportation Projects and Investment in the Region underway Dark Fiber Network Now Available along I-95 Significant Business Incentive Zones and Business Friendly Environment Over $628M spent on Tourism (2013) Source: ESRI and Fredericksburg Regional Alliance GEICO Regional HQ: 4,000 Employees 175,000 CIVILIAN WORKFORCE Employment Information Civilian Workforce: 175,508 Fredericksburg Named SBA Small Business Community of the Year Twice the National Average of BS Degrees 10% of Workforce hold graduate degrees such as Master s of PhD 4.6% Unemployment Rate 1M workers within 40 miles Stafford County ranks #1 in VA for Job Growth over the past 5 years Projected job growth of 3.2% annually over next 10 years Locally when Travelling to the Fredericksburg Region in 2015 Spotsylvania County ($266M), Fredericksburg ($171M), Stafford County ($127M), Caroline County ($91M), King George County ($21M) Total GDP (Gross Domestic Product) for the greater Fredericksburg Region is over $14,000,000,000 as of 2012 Total Retail Demand for the Greater Fredericksburg Region is Currently $4.257B where supply is $3.617B leaving a total gap of $1.119B (Source: ESRI) CBC.COM CBCWORLDWIDE.COM 11
Demographics: Population & Households CBC.COM CBCWORLDWIDE.COM 12
Demographics: Income Data CBC.COM CBCWORLDWIDE.COM 13
Demographics: Employee Data CBC.COM CBCWORLDWIDE.COM 14
CONTACT BACKGROUND Donny Self, CCIM Office: 540.548.1023 Mobile: 540.842.6202 dself@cbecommecial.com CLIENTS & CUSTOMERS SERVED McDonald s Panera Bread Verizon Hair Cuttery Taco Bell Firehouse Subs Aaron s Rents Sport s Clips KoKo Fit Club Quaker Steak and Lube Richmond American Homes Advance Auto Bank of Lancaster AutoZone Nextcare Urgent Care Northwest Federal Credit Union Silver Companies Virginia Properties MD Associates Donny Self is a Senior Sales Associate for Coldwell Banker Commercial Elite. In 2013 he was recognized as a Coldwell Banker Commercial Top 2% worldwide Sales Associate in the overall Coldwell Banker Commercial (CBC) affiliate network and also earned the CBC Circle of Distinction Silver Award. Mr. Self specializes in commercial investment sales and acquisitions, retail leasing, landlord/tenant representation, and has built a broad client base to include national and regional customers. Donny earned the prestigious CCIM (Certified Commercial Investment Member) designation in fall of 2015. Prior to joining Coldwell Banker Commercial Elite, Mr. Self was a Senior Sales Associate with the Silver Companies. Prior to joining Silver Companies, Mr. Self was Vice President of Northern Neck Distributing Company. EDUCATION University of Mary Washington- BS, Business Administration AWARDS CBC Top 2% Sales Associate Worldwide CBC Circle of Distinction Silver Award CBC Circle of Distinction Bronze Award DESIGNATIONS & AFFILIATIONS Virginia CCIM Chapter National Association of Realtors Fredericksburg Area Association of Realtors Fredericksburg Chamber of Commerce Rappahannock Rotary Club ICSC-International Council of Shopping Centers CBC.COM CBCWORLDWIDE.COM 15