Benner Commerce Park 13.97 Acres for Sale - $768,350

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BENNER COMMERCE PARK 13.97 ACRES FOR SALE - $768,350

OFFERING MEMORANDUM

SALES AGENT: ADDITIONAL CONTACT: 315 S. ALLEN ST., STE. 325A MICHAEL R. BAKER CHRISTIAN T. AUMILLER STATE COLLEGE, PA 16801 717 994 7232 717 348 8016 814.571.3440 [email protected] [email protected] www.pkarealty.com CONFIDENTIALITY & DISCLAIMER

CONFIDENTIALITY AND DISCLAIMER STATEMENT

Intended solely for your own limited use to determine whether you wish to express any further interest in the Property. This confidential memorandum contains brief, selected information pertaining to the business and affairs of the Property and has been prepared by PKA Realty Advisors & Brokerage, primarily from information supplied by the Owner. Although this confidential memorandum has been reviewed by representatives of the Owner, it does not propose to be all-inclusive, nor does it contain all the information which a prospective purchaser may require or desire. Neither the Owner, nor any of its officers, directors, employees or agents, nor PKA Realty Advisors & Brokerage, makes any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential memorandum or any of its contents, and no legal liability is assumed or is to be implied by any of the aforementioned with respect thereto. Prospective offers are advised to verify the information independently. The Owner reserves the right to change the price or any information in this Memorandum, or to withdraw the Property from the market at any time, without notice. This confidential memorandum shall not be deemed an indication of the state of affairs of the Property or the Owner, nor shall it constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this memorandum. By your receipt of this confidential memorandum, you agree that the information contained herein is of a confidential nature and you will not disclose this memorandum or any part of the contents to any other person, firm or entity without prior authorization from PKA Realty Advisors & Brokerage.

POOLE, KARCH & AUMILLER PAGE 2 TABLE OF CONTENTS

> EXECUTIVE SUMMARY...... 4 > PROPERTY OVERVIEW

PROPERTY DETAIL...... 6 LOCATION OVERVIEW...... 7 PROPERTY SURVEY...... 8 BENNER COMMERCE PARK...... 9 AERIAL MAP OVERVIEW...... 11 > MARKET OVERVIEW

AREA OVERVIEW...... 13 DEMOGRAPHIC OVERVIEW...... 15 TRANSPORTATION ACCESS...... 16 > ZONING OVERVIEW

ZONING MAPS...... 18 EXECUTIVE SUMMARY

PKA Realty Advisors & Brokerage is pleased to present for 13.97 acres in Benner Commerce Park (“the Property”).

The Property is located within the heart of Benner Commerce Park, just northeast of Downtown State College and Pennsylvania State University. The Property is within short driving distance of the University Park INVESTMENT HIGHLIGHTS Airport. > 13.97 acres of prime industrial development land in the growing The industrial development land is ideal Benner Commerce Park for a large employer looking to build and > Along Interstate-99 at the interchange with Benner Pike, providing develop new space with easy access easy access to a major highway for transportation to a major highway artery in central > Strong demographics and growing market Pennsylvania, providing a logistical dream > Just minutes northeast of Downtown State College, Pennsylvania for transportation and distribution to major State University, and the University Park Airport cities like Pittsburgh, Philadelphia, New > Zoning: Industrial York City, and Baltimore.

CALL FOR MORE INFORMATION

POOLE, KARCH & AUMILLER PAGE 4 PROPERTY OVERVIEW

BENNER COMMERCE PARK - LOT 12 BELLEFONTE, PA PROPERTY DETAILS

PROPERTY DETAILS

List Price $768,350 ($55,000/acre)

2121 Old Gatesburg Road, Suite 110 Legal Address State College, PA 16803

Tax ID Number 12-005-,500L,0000-

Deed Reference Parcel D in Deed 2139-0422

Zoning Industrial

Taxes $10,931 (2020)

Assessed Value $182,350 (2020)

Tax Abatement KOZ Zone (expires December 2022)

POOLE, KARCH & AUMILLER PAGE 6 LOCATION OVERVIEW The Property is located in Benner Township along Interstate 99 (I-99), just off of the Benner Pike exchange, northeast of Downtown State College and Pennsylvania State University. The asset offers 13.965 acre in the heart of Benner Commerce Park, a growing industrial area in the Centre County region. In addition to being served by I-99, the property is also close the University Park Airport. The site is between Pittsburgh and Philadelphia markets and their corresponding international airports.

NEARBY CITIES DISTANCE DRIVING TIME Philadelphia 193 miles 3 h 11 min

Pittsburgh 142 miles 2 h 20 min

Harrisburg 87 miles 1 h 30 min

New York City 236 miles 3 h 42 min

POOLE, KARCH & AUMILLER PAGE 7 PLOT PLAN - LOT 12

POOLE, KARCH & AUMILLER PAGE 8 BENNER COMMERCE PARK

POOLE, KARCH & AUMILLER PAGE 9 BENNER COMMERCE PARK

POOLE, KARCH & AUMILLER PAGE 10 AERIAL IMAGE

POOLE, KARCH & AUMILLER PAGE 11 MARKET OVERVIEW

STATE COLLEGE PA AREA OVERVIEW

ABOUT STATE COLLEGE PENNSYLVANIA

State College, PA, is the largest borough in the State of Pennsylvania and centers primarily around Penn State University, one of the largest universities in the country; Penn State boasts an overall enrollment of just shy of 100,000 students, with over 45,000 students calling Main Campus in State College their home. Penn State combines the academics of a top-tier research university CENTRE COUNTY LARGEST EMPLOYERS with the athletic programs for mens and womens sports that rival any other university, most famously their Blue COMPANY PRODUCT/SERVICE & White Nittany Lion Football Team that draws over The Pennsylvania State University University 100,000 fans to Beaver Stadium, making State College the third most populated city in the state on home- Mount Nittany Medical Center Medical game Saturdays in the fall. State Government Government

State College Area School District School District

Glenn O. Hawbaker, Inc. Industrial

Wal-Mart Associates, Inc. Retail Services

County of Centre Government

Mount Nittany Medical Center Health Services Medical

Weis Markets, Inc. Food Services

Geisinger Clinic Medical

Federal Government Government

Bellefonte Area School District School District

Wegman’s Food Markets, Inc. Food Services

AccuWeather, Inc. Commercial

Shaner Operating Corporation Hospitality

Restek Corporation Manufacturing

POOLE, KARCH & AUMILLER PAGE 13 AREA OVERVIEW CENTRE COUNTY ECONOMY

The economy of Centre County was originally built around Penn State University. However, State College has grown to be more than simply a “college town,” but instead as developed into one of the densest cities of its population size in the entire U.S. Newly constructed high rises continue to be sandwiched between College Avenue and Beaver Avenue, adding to the population center that drives Centre County.

Over the last ten years, the area has seen a construction boom, with several mixed-use towers being developed, including the 12-story Metropolitan building in 2017 and the 12-story mixed-use building The Rise in 2018. Penn State University continues to be the largest employer in the area, providing significant academic and technological research for private firms, government agencies, and the public.

Additionally, Centre County has seen employment and population growth of 9% and 13.9%, respectively, with each barometer outpacing the rest of the State of Pennsylvania by roughly 4%. Such robust growth continues to increase the economic outlook for State College and Centre County for years to come.

Other industries include government and government related enterprises, health care and social assistance, retail trade, hospitality and food services, professional, scientific and technical services, manufacturing, and construction.

DEMOGRAPHIC SNAPSHOT (2018 Estimates) LOCAL AMENITIES 1. Penn State University Campus 9. Tussey Mountain Ski Resort 2. Downtown State College Nightlife 10. Penn State Berkey Creamery 3. Mount Nittany 11. Pennsylvania Military Museum 4. Whipple Dam State Park 12. Local Breweries and Wineries 5. State College Spikes Minor League Team 13. The Arboretum at Penn State 6. Multiple 18-Hole Golf Courses 14. Fisherman’s Paradise Fishing Area Population Housing Units Median Income 7. Beaver Stadium & Penn State Football 15. Greenwood Furnace State Park 162,805 67,144 $58,055 8. Millbrook Marsh Nature Center 16. Palmer Art Museum

POOLE, KARCH & AUMILLER PAGE 14 DEMOGRAPHIC OVERVIEW |

KEY FACTS EDUCATION

High School Graduate or Higher 162,805 5.7% Population Pop. Growth (2010-2018) 94.3%

Bachelor’s Degree or Higher 2.47 $58,055 Persons Per Median Household Household Income 44.7% BUSINESS HOUSING $ 3,361 46,119 57,908 $966 $271,284 Employer Establishments Total Employment Household Median Gross Rent 2018 Average Home Sale Price

POOLE, KARCH & AUMILLER PAGE 15 TRANSPORTATION ACCESS

CENTRE AREA TRANSPORTATION AUTHORITY (CATA) The Centre Area Transportation Authority (“CATA”) is a joint municipal authority serving the six (6) municipalities that form the Centre Region (College, Ferguson, Halfmoon, Harris, and Patton Townships, and State College Borough), Bellefonte Borough, Spring Township, and Benner Township. CATA provides a wide area of safe, reliable, and affordable means of transportation, including bus and shuttle services, as well as ridershare services, to the Centre Region, as well as extended services to Bellefonte, Pleasant Gap, and Stormstown. Whether you’re a fifth-year senior, local business executive, or a visitor for the day, the user-friendly maps and schedules allow for easy transportation all across State College and its surrounding areas.

UNIVERSITY PARK AIRPORT Built in the 1950’s and located only several miles from downtown State College, University Park Airport has grown to be the sixth (6th) busiest airport in Pennsylvania in 2018. With an easy-to-navigate terminal and ample parking, University Park Airport services Delta, American Airlines, United, and Allegiant, enabling the airport to provide daily flights to Philadelphia, Chicago, and Washington D.C. (Dulles), as well as non-stop flights to Orlando, FL and Tampa, FL. Taxi services, limousine services, and car rental services are also available for arrival or departure from University Park Airport.

UBER / LYFT RIDE-SHARING SERVICES Uber and Lyft are at the forefront of ride-sharing services that have quickly taken over the transportation market in State College, offering easy-to-use apps for students, locals, and visitors alike to make their way around the bustling social scene throughout the Centre Region. As an off-shoot, Uber Eats has also made a home in State College, offering food delivery service to local restaurants for late nights at the office or group study sessions at the HUB-Robeson Center. With many students looking for part-time, on-the-go work, the number of drivers offering Uber and Lyft rides will only continue to grow.

POOLE, KARCH & AUMILLER PAGE 16 ZONING OVERVIEW

BENNER TOWNSHIP CURRENT ZONING

POOLE, KARCH & AUMILLER PAGE 18 PROPOSED ZONING

POOLE, KARCH & AUMILLER PAGE 19 SALES AGENT:

MICHAEL R. BAKER 717 994 7232 [email protected]

ADDITIONAL CONTACT:

CHRISTIAN T. AUMILLER 717 348 8016 [email protected]

315 S. ALLEN ST., STE. 325A STATE COLLEGE, PA 16801 www.pkarealty.com 814 571 3440

POOLE, KARCH & AUMILLER PAGE 20