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OFFERING MEMORANDUM Creation Technologies 1729 Jaggie Fox Way, Lexington, KY 40511

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OFFERING MEMORANDUM Creation Technologies 1729 Jaggie Fox Way, Lexington, KY 40511 OFFERING MEMORANDUM Creation Technologies 1729 Jaggie Fox Way, Lexington, KY 40511 ACTUAL PHOTO NON - ENDORSEMENT AND DISCLAIMER NOTICE 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. 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. SUBJECT PROPERTY LEXINGTON, KENTUCKY 42,556 VPD 60,429 VPD 51,557 VPD 18,882 VPD EMERALD 24 PHASE II COVENTRY ELEMENTARY 237 UNITS 558 STUDENTS 80,840 VPD RESIDENTIAL RESIDENTIAL INDUSTRIAL SITES SANDERSVILLE ELEMENTARY 739 STUDENTS 51,557 VPD 60,429 VPD SUBJECT PROPERTY 18,882 VPD EMERALD 24 PHASE II RESIDENTIAL 237 UNITS PRICING DETAIL & OPERATING DATA Address: 1729 Jaggie Fox Way, Lexington, KY 40511 Price Market Bid Net Operating Income $625,768 Built / Renovations 1998 / 2004 and 2007 LEASE SUMMARY Gross Leasable Area (GLA) 75,000 SF Property Subtype Single Tenant Industrial Manufacturing Sublessee (GLA) 31,922 SF Tenant Creation Technologies Lot Size +/- 8.16 Acres Sublessee Hands On Originals Zoning I-2 (Heavy Industrial) Guarantor Creation Technologies International Inc. Ownership Fee Simple Lease Type Absolute Triple-Net (NNN) RENT SCHEDULE / CREATION TECHNOLOGIES Lease Commencement August 1, 2007 Lease Expiration July 31, 2022 YEAR ANNUAL RENT MONTHLY RENT RENT/SF Lease Term Fifteen-Years Current – 10/31/2019 $625,768 $52,143 $8.57 Term Remaining (Years) Three Years, Eight Months 11/01/2019 – 07/31/2022 $688,345 $57,362 $9.43 Sublessee Renewal Option 1 01/01/2019 – 12/31/2020 TOTAL: $2,518,662 Outstanding Scheduled Rent as of 11/01/2018 Sublessee Renewal Option 2 01/01/2021 – 07/31/2022 Landlord Responsibility Insurance-Reimbursed RENT SCHEDULE / HANDS ON ORIGINALS Tenant Responsibility Utilities, Taxes, Roof, Structure and Ins. YEAR ANNUAL RENT MONTHLY RENT RENT/SF Right of Refusal No Current – 12/31/2018 $127,500 $10,625 $3.99 01/01/2019 – 12/31/2020 $133,875 $11,156 $4.19 01/01/2021 – 07/31/2022 $140,569 $11,714 $4.40 Notes: Utilities Reimbursement Annual Minimum $45,000 | Taxes, Insurance and Maintenance Expenses: Maintenance Cap is $30,000 INVESTMENT OVERVIEW INVESTMENT HIGHLIGHTS ➢ Absolute Triple-Net (NNN) Lease with Over Three Years Remaining | Ten Percent Rental Increase on November 1, 2019 ➢ Corporate Guarantee | Creation Technologies International Inc. | Over $500 Million in Revenue ➢ Property is Currently Leased by Creative Technologies International (Dark) ➢ 31,922 Square Feet Subleased to Hands On Originals with 41,078-Square Feet of Vacancy ➢ Versatile Building Can Be Easily Converted between Single and Multi-Tenant ➢ More Than $2,500,000 In Scheduled Rent Payments Outstanding as of November 1, 2018 ➢ Class B Industrial Building, 75,000 Square Feet | Block and Metal with E.I.F.S Construction ➢ 37,000 Square Feet Built in 1998, Expanded by 18,000 Square Feet in 2004 and 20,000 Square Feet in 2007 ➢ Approximately 8.16 Acre Lot Exceptionally Located in North of Lexington ➢ Population Growth by Eight Percent since 2010 | Exceeding 353,600 Residents, over 410,500 Employees and more than 145,500 Households ➢ Over $73,500 Average Household Incomes within Ten-Mile Radius ➢ Located One-Mile Northwest of Expressway-421 with over 60,400 Vehicles Per Day ➢ Located less than Two-Miles North of Amazon Fulfillment Center | 604,000 Square Feet ➢ Located Three-Miles Southwest of Interstate-65/75 which see over 80,800 Vehicles Per Day ➢ Eight-Miles from Bluegrass International Airport ➢ Among Other Prominent Industrial Users: UPS, FedEx, LBX, Trane, Amazon, Innovative Mattress Solutions, Rexel, Big Ass Fans, TruGreen and Averitt ➢ Surrounded by 21 Million Square Feet of Industrial Sites # INVESTMENT OVERVIEW INVESTMENT HIGHLIGHTS Marcus & Millichap is pleased to present the Creation Technologies International Building at 1729 Jaggie Fox Way in Lexington, Kentucky. The offering is a 75,000-square foot (8,500 square feet of office) single tenant, corporate guaranteed, absolute (triple-net) leased asset, situated on approximately 8.16 acres. There are over three years remaining on the lease with above market rents and ten percent rental increase in 2019. Currently, 31,922-square feet is subleased to Hands On Originals and 41,078-square feet is vacant. 1729 Jaggie Fox Way is well equipped for high-tech electronic manufacturing, with a versatile layout, sufficient clearance, block/metal/exterior insulation and finish system construction. The building is temperature and humidity controlled, has four docks with levelers, one drive in door, all with partitioned loading area, ample parking, wet sprinklered, twelve inch epoxy finished floors, deionized water filtration system, floor drainage, collection and treatment system, security system with exterior cameras and badge accessibility. The entire production floor of this asset has a connectivity grid for added process versatility, intra/internet connectivity, electric and water utilities, compressed air and vacuum lines. Sixty-six percent of the U.S. population can be reached within one days drive time from this location. Lexington is strategically located at the intersection of Interstates-64 and 75 in Fayette County, Kentucky. Lexington is accessible by air with over 100 direct and nonstop flights. Nestled among world famous Thoroughbred Horse Farms and the heart of Bourbon Country, Blue Grass Airport (LEX) welcomes travelers with one of the most beautiful air approaches in the nation. Lexington and Central Kentucky are anchored by the University of Kentucky Wildcats with more than 30,000 students and the historical Rupp Arena with more than 23,500 seating capacity. Lexington is home to a variety of interesting attractions, including Horse Racing and Bourbon Distillery tours. www.visitlex.com. Keeneland Racecourse and horse racing revenue brings over $590,000,000 of total economic impact into the area. Keeneland has been ranked the #1 track in North America and consistently in the top 10 tracks in the world. www.bloodhorse.com The subject property is located in a premier industrial park in the desirable and convenient Northern Corridor of Lexington with excellent access to Interstate-64 and Interstate-75. This building is surrounded by other major tenants such as Crown Lift Trucks, Averitt Trucking, Big Ass Fans and Trane. The property is within two-miles of UPS, FedEx, and the Amazon Fulfillment Center. Jaggie Fox Way is between three of the most major roadways in Lexington and Central Kentucky, Citation Boulevard, Georgetown Road and New Circle Road with over 80,000 vehicles per day combined. This location is adaptable with surrounding industry, retail, residential housing, apartments, schools and additional development. An incoming investor has the ability to acquire an exceptionally well positioned asset with zero landlord obligations backed by a global tenant in an exceptional location with state of the art capabilities and multiple exit strategies. # HIGH-TECH INDUSTRIAL CAPABILITIES INVESTMENTGRID HANGING HIGHLIGHTS FROM THE CEILING AT 10’ ❑ Used to Provide Flexible Production area for quick moves of Equipment and Production Cell ❑ Grid supports: ❑ 110 Electrical Connections throughout ❑ Internet ❑ Water
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