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870 BROADWAY 870 Broadway • Newark, NJ 07104 NON - ENDORSEMENT and DISCLAIMER NOTICE

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870 BROADWAY 870 Broadway • Newark, NJ 07104 NON - ENDORSEMENT and DISCLAIMER NOTICE Offering Memorandum 870 BROADWAY 870 Broadway • Newark, NJ 07104 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. © 2018 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. 870 BROADWAY Newark, NJ ACT ID ZAA0280987 2 870 BROADWAY TABLE OF CONTENTS SECTION INVESTMENT OVERVIEW 01 Offering Summary Regional Map Local Map Aerial Photo Floor Plans Site Plan Parcel Map FINANCIAL ANALYSIS 02 Rent Roll Summary Commercial Operating Statement Notes Pricing Detail Acquisition Financing MARKET OVERVIEW 03 Market Analysis Demographic Analysis 3 870 BROADWAY INVESTMENT OVERVIEW 4 870 BROADWAY OFFERING SUMMARY EXECUTIVE SUMMARY VITAL DATA CURRENT YEAR 1 Price $1,325,000 CAP Rate 7.93% 7.93% MAJOR EMPLOYERS Net Operating Down Payment 25% / $331,250 $105,070 $105,070 Income # OF Net Cash Flow EMPLOYER Loan Amount $993,750 After Debt 12.72% / $42,125 12.72% / $42,125 EMPLOYEES Service Prudential 10,771 Loan Type Proposed New Total Return 19.87% / $65,829 20.16% / $66,794 County Hall of Records 4,000 Interest Rate / 4% / 25 Years Amortization University Hospital 3,620 Total Rentable SF 9,794 New Jrsey Trnst Bus 3,400 Price/SF $0.00 Operations Year Built / Renovated 1925 / 2018 Allied Building Products Co 3,300 NJ Transit 3,295 UNIT MIX Scher Chemicals Inc 2,780 UNIT CURRENT AVG. AVG. MONTHLY POTENTIAL AVG. MONTHLY UNIT TYPE AVG. SF COUNT RENTS RENTS/SF INCOME RENTS RENTS/SF INCOME Horizon Blue Cross Blue Shld 2,700 ESSEX COUNTY HOSPITAL SUITE CURRENT MONTHLY PRO FORMA 2,500 TYPE TOTAL GLA CURRENT RENT RANGE CENTER COUNT INCOME MONTHLY INCOME Housing Auth of The Cy 2,347 4 Retail 8,486 $1,200 - $3,000 $9,625 $9,625 Newark 1 Office 1,308 $2,500 - $2,500 $2,500 $2,500 County Clerk 2,264 RAb Food Group 2,198 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2018 Estimate 306,911 678,208 Pop 44,974 2010 Census Pop 43,216 294,881 656,470 2018 Estimate HH 15,739 111,227 247,156 2010 Census HH 15,153 106,635 238,414 Median HH $53,526 $51,081 Income $51,161 Per Capita $27,681 $29,078 Income $25,154 Average HH $75,419 $78,570 Income $71,745 #5 870 BROADWAY OFFERING SUMMARY INVESTMENT OVERVIEW Marcus & Millichap is pleased to exclusively list for a sale a five-tenant mixed-use retail and office building located in Newark (Essex County), New Jersey. The subject property is 100 percent occupied and with a majority of the tenants being in the same location for numerous years. The building is on a 0.12 acre lot and is located at the intersection of Broadway and Verona Avenue. The building is situated on the border of Newark and Belleville, which allows easy access Interstate 280 and Route 21. There is a bus stop directly in front of the building, where NJ Transit provides bus service to Downtown Newark, Belleville, Nutley and Clifton. Newark is the largest city in New Jersey and the county seat of Essex County. Newark is located 9 miles northwest of New York City. Newark allows quick and easy accessibility to New York City by means of train or bus. Within a five-mile radius of Newark, the average household income is $78,570 among the 678,208 individuals who reside within a five-mile radius of the subject property. The asking price of $1,325,000 represents a 7.93 percent cap rate. INVESTMENT HIGHLIGHTS . 100% Occupied Mixed-Use Building (Four Retail Tenants/ One Office Tenant) . Majority of the Tenants Have Long Term Leases Expiring Beyond 2024 . Check Cashing Tenant in Same Location for 30+ Years . High Population Density with 44,974 Residing in Square Mile . Proximity to Route 21 and Interstate 280 . Located in the Woodside Section of Newark on Busy Intersection 6 870 BROADWAY OFFERING SUMMARY PROPERTY OVERVIEW Newark is a city located in Essex County, New Jersey. The subject property is approximately 13 miles southwest of New York City. Newark is the largest city in New Jersey, and is the county seat of Essex County. In 2015, Newark was ranked as the 70th largest city in the nation. Newark is a hub of air, road, rail, and ship traffic; making it a significant gateway into the New York metropolitan area and the northeastern United States. The major roadways that pass through the city are Interstate 95(New Jersey Turnpike), Interstate 280, Interstate 78, the Garden State Parkway, Route 1/9, Route 22, and Route 21. Newark is connected to the Holland Tunnel and Lower Manhattan by the Pulaski Skyway. Newark Penn Station is the citys major train station, passengers are able to access the PATH train, three NJ Transit commuter rail lines, and Amtrak service. Bus service for Newark is provided by NJ Transit, and Coach USA. #77 870 BROADWAY OFFERING SUMMARY PROPERTY SUMMARY THE OFFERING EXISTING FINANCING Property 870 Broadway Loan Type None Price $1,325,000 PROPOSED FINANCING Property Address 870 Broadway, Newark, NJ First Trust Deed Assessors Parcel 14 00819-0000-00020 Loan Amount $993,750 Number Zoning C-3 Loan Type Proposed New SITE DESCRIPTION Interest Rate 4% Amortization 25 Years Number of Units 5 Loan Term 10 Years Number of Buildings 1 Loan to Value 75% Number of Stories 2 Debt Coverage Ratio 1.67 Year Built/Renovated 1925 / 2018 Retail - Gross Leaseable 8,486 Area (GLA) Office - Rentable Square 1,308 Feet Total Rentable Square 9,794 Feet Lot Size 0.12 acre(s) Type of Ownership Fee Simple Parking Street Parking Parking Ratio N/A CONSTRUCTION Foundation Masonary Stem Wall Framing Masonary Frame Exterior Stucco Roof Black Rubber Membrane Roof (Redone 3 Years Ago) MECHANICAL HVAC Radiator Heater and Forced Air Cooling Wiring New Electrical System Throughout System Fire Protection Fire Alarm, Smoke Detectors and Fire Extinguisher #8 870 BROADWAY REGIONAL MAP 9 870 BROADWAY LOCAL MAP 10 870 BROADWAY AERIAL PHOTO 11 870 BROADWAY PROPERTY PHOTO 12 870 BROADWAY PROPERTY PHOTO 13 870 BROADWAY PROPERTY PHOTO 14 870 BROADWAY PROPERTY PHOTO 15 870 BROADWAY PROPERTY PHOTO 16 870 BROADWAY PROPERTY PHOTO 17 870 BROADWAY PROPERTY PHOTO 18 870 BROADWAY PROPERTY PHOTO 19 870 BROADWAY PROPERTY PHOTO 20 870 BROADWAY PROPERTY PHOTO 21 870 BROADWAY PROPERTY PHOTO 22 870 BROADWAY PROPERTY PHOTO 23 870 BROADWAY PROPERTY PHOTO 24 870 BROADWAY PROPERTY PHOTO 25 870 BROADWAY PROPERTY PHOTO 26 870 BROADWAY PROPERTY PHOTO 27 870 BROADWAY PROPERTY PHOTO 28 870 BROADWAY PROPERTY PHOTO 29 870 BROADWAY PROPERTY PHOTO 30 870 BROADWAY PROPERTY PHOTO 31 870 BROADWAY PROPERTY PHOTO 32 870 BROADWAY PROPERTY PHOTO 33 870 BROADWAY PROPERTY PHOTO 34 870 BROADWAY PROPERTY PHOTO 35 870 BROADWAY PROPERTY PHOTO 36 870 BROADWAY FREEZER & REFRIDGERATOR 37 870 BROADWAY PROPERTY PHOTO 38 870 BROADWAY PROPERTY PHOTO 39 870 BROADWAY PROPERTY PHOTO 40 870 BROADWAY PROPERTY PHOTO 41 870 BROADWAY PROPERTY PHOTO 42 870 BROADWAY PROPERTY PHOTO 43 870 BROADWAY FLOOR PLANS 44 870 BROADWAY ZONING MAP 45 870 BROADWAY PARCEL MAP 46 870 BROADWAY FINANCIAL ANALYSIS 47 870 BROADWAY FINANCIAL ANALYSIS RENT ROLL SUMMARY 48 870 BROADWAY FINANCIAL ANALYSIS OPERATING STATEMENT 49 870 BROADWAY FINANCIAL ANALYSIS PRICING DETAIL 50 870 BROADWAY ACQUISITION FINANCING MARCUS & MILLICHAP CAPITAL CORPORATION WHY MMCC? CAPABILITIES Optimum financing solutions to enhance value MMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and Our ability to enhance terms.
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