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360 Solutions, Llc 1431 Kingsland Avenue

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360 Solutions, Llc 1431 Kingsland Avenue www.TAG-Industrial.com OFFERING MEMORANDUM 360 SOLUTIONS, LLC 1431 KINGSLAND AVENUE SAINT LOUIS, MO 63133 NON-ENDORSEMENT & DISCLAIMER NOTICE CONFIDENTIALITY & 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. © 2020 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. Activity ID: ZAA0060731 SPECIAL COVID-19 NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.) ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. OFFICES THROUGHOUT THE U.S. AND CANADA www.marcusmillichap.com 360 SOLUTIONS, LLC 1431 KINGSLAND AVENUE, SAINT LOUIS, MO 63133 INVESTMENT HIGHLIGHTS • 440,000 Square Foot Warehouse for 360 Solutions, LLC • 360 Solutions, LLC Will Sign a New Twelve-Year Absolute Net Lease at Close of Escrow • 360 Solutions, LLC is a Full Line Auto Core Supplier • Located in Innerbelt E of 170 Industrial Submarket with a Vacancy Rate of .5% • Situated 3 Miles East of I-270 and 5 Miles Southwest of I-70 • Below Market Rents Allow for Upside • New Roof being Put on in July of 2020 INVESTMENT OVERVIEW Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1431 Kingsland Avenue in Saint Louis, Missouri leased to 360 Solutions, LLC. The subject property consists of approximately 440,000 square feet of space and is situated on 13.22 acres of land. The subject property features below-market rents that allow upside for a new investor upon expiration of the lease. The asset is located in the Innerbelt E of Interstate 170 Industrial submarket with a vacancy rate of 0.5 percent. The property is located three miles east of Interstate 270 and five miles southwest of Interstate 70. The seller reports the asset’s roof is well maintained, with 75% of roof replaced in 2020 and 25% replaced in 2016. The building was also renovated in 1999. Tenant 360 Solutions, LLC is committed to execute a new, 10-year triple-net lease upon close of escrow. Founded in 1992, MCI Cores is one of the largest buyers and suppliers of used automotive parts in the world, providing quality used automotive parts for remanufacturing or direct installation. The company also specializes in the purchase and supply of OEM surplus parts. After starting in a 2,500-square foot building with three employees MCI grew to 50+ employees with over 200,000 square feet of warehouse space. From A/C compressors, alternators, and brake calipers to power steering pumps, rack and pinion assemblies, starter motors, and everything in between, MCI Cores sells to rebuilders, who sell to retailers such as Auto Zone, Advance Auto, and O’Reily’s throughout North America, Europe, and Asia. In 2013, ACE was formed as a “Bigs Core Supplier,” purchasing big auto parts (engines, transmissions, rear-end assemblies) from auto salvage recyclers and selling them to the automotive aftermarket to be rebuilt. In 2016, 360 Solutions LLC (dba ACE/MCI Commodities) was formed as founders of MCI and ACE merged to become a “Smalls” and “Bigs” core supplier. The combination of these two companies allows them to become a full-line core supplier, leverage purchasing from auto salvage recyclers, and realize many operational efficiencies with 140+ employees. The St. Louis metro is near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and has more than 2.9 million residents. The metro encompasses the city of St. Louis; the Missouri counties of St. Charles, Jefferson, Franklin, St. Louis, Lincoln, Warren and Washington; and the Illinois counties of Madison, St. Clair, Macoupin, Clinton, Monroe, Jersey, Bond and Calhoun. St. Louis is the most populous county with 1 million people. The city of St. Louis, which is located at the confluence of the Mississippi and Missouri rivers, is the only city in the metro with a population of more than 300,000 citizens. As Saint Louis continues to be a desirable industrial market for investors, a recent report ranked Saint Louis as the tenth industrial market to watch in 2019. INVESTMENT OVERVIEW 4 PROPERTY DETAILS // 360 Solutions, LLC 360 SOLUTIONS, LLC 1431 KINGSLAND AVENUE, SAINT LOUIS, MO 63133 Number of Suites 2 Number of Buildings 1 Total Square Feet 440,000 Warehouse Square Feet 430,000 Office Square Feet 10,000 Year Built 1957/1999 Lot Size 13.22 Acres Type of Ownership Fee Simple Clear Height 14’-16’ Parking 150 Free Spaces Building Class B Tenancy Single Dock High Doors 8 Grade Level Docks 9 Sprinklers Yes Rail Served Yes Construction Masonry Power 1,328a/480v 3p 4w Heavy Zoning D Age/Condition of Roofs 75% of roof replaced in 2020, 25% replaced in 2016 Submarket Innerbelt E of 170 Ind Market Vacancy 0.50% This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060731) INVESTMENT OVERVIEW 5 OFFERING HIGHLIGHTS // 360 Solutions, LLC 360 SOLUTIONS, LLC 1431 KINGSLAND AVENUE, SAINT LOUIS, MO 63133 OFFERING PRICE CAP RATE PRO-FORMA CAP RATE $7,330,000 9.00% 9.14% Offering Price $7,330,000 Cap Rate 9.00% Pro-Forma Cap Rate 9.14% Price/SF $16.66 Total Square Feet 440,000 Rental Increase 1.50% Annual Increase Occupancy 100.00% This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buy- er must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060731) INVESTMENT OVERVIEW 6 6 OPERATING STATEMENT // 360 Solutions, LLC Income Current Per SF Pro Forma Per SF Scheduled Base Rental Income 660,000 1.50 669,900 1.52 Expense Reimbursement Income Net Lease Reimbursement Insurance 35,000 0.08 35,000 0.08 Real estate Taxes 32,100 0.07 32,100 0.07 Total Reimbursement Income $67,100 100.0% $0.15 $67,100 100.0% $0.15 Effective Gross Revenue $727,100 $1.65 $737,000 $1.67 Operating Expenses Current Per SF Pro Forma Per SF Insurance 35,000 0.08 35,000 0.08 Real Estate Taxes 32,100 0.07 32,100 0.07 Total Expenses $67,100 $0.15 $67,100 $0.15 Expenses as % of EGR 9.2% 9.1% Net Operating Income $660,000 $1.50 $669,900 $1.52 *Insurance is estimated* This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information.
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