REDEVELOPMENT OPPORTUNITY

FEDERAL OPPORTUNITIES 76 ACRE APPROVED ZONE LAND SITE PROGRAM AVAILABLE

2211 PARSONS AVENUE, COLUMBUS, OH 43207 WWW.CBRE.US/LASTMILECOLUMBUS EXCELLENT LOCATED CONVENIENT ACCESS ZONED I: FLAT SITE LAST MILE IN MAJOR TO I-71 AT SR 104 INDUSTRIAL READY FOR NEW LOCATION LABOR POOL (FRANK ROAD) DEVELOPMENT

SITE MAP

76 ACRE LAND SITE AVAILABLE DRIVE TIMES KEY DRIVE TIMES

5 Minutes 10 Minutes 15 Minutes

LOCATION ADDRESS SF FedEx 1 10 Commerce Parkway 160,410 FedEx 2 2969 Lewis Centre Way 373,000 FedEx 3 6120 South Meadows Drive 290,000 FedEx 4 6840 Pontius Road 305,259 FedEx 5 4600 Poth Road 272,000 FedEx 6 2424 Citygate Drive 113,832

UPS 1 5101 Trabue Road 321,000 UPS 2 1711-1715 Georgesville Rd 305,259 UPS 3 3500 Centerpoint Drive 248,149 UPS 4 2450 Rathmell Road 168,000 UPS 5 3400 Refugee Road 115,000

LOCATION Airport 1 Bolton Field Airport 2 Rickenbacker International Airport Airport 3 John Glen International Airport Airport 4 Ohio State University Airport

Train 1 CSX Train 2 CSX Train 3 Norfolk Southern FEDERAL OPPORTUNITIES ZONE PROGRAM

Ohio has 1,300 eligible census tracts for the Federal Opportunity Zone Fund” but the tax reform law defines this as a partnership or corporation Program but only has the ability to select just over 300 census tracts and formed for the purpose of making investments in businesses located in only just over a dozen tracts not in low-income communities. The state low-income communities designated as “Qualified Opportunity Zones.” To of Ohio is planning a web site where applicants for the state’s Federal gain the program benefits, an investor must invest proceeds from a sale or Opportunity Zone Program can submit their applications. exchange of assets to an unrelated party into a Qualified Opportunity Fund within 180 days from the date of such sale or exchange. This investor may WHAT IS THE FEDERAL OPPORTUNITY ZONE PROGRAM? choose to reinvest only a portion of the proceeds from the original sale or exchange, in which case only a portion of the gain would be deferred. A The federal tax reform created the new “Qualified Opportunity Zone” Qualified Opportunity Fund is required to invest at least 90% of its assets program. The Qualified Opportunity Zone program is designed to in targeted businesses where substantially all of the tangible assets of encourage investment in businesses that are located in low-income each such business are used in a Qualified Opportunity Zone, and at least communities by permitting a taxpayer who recognizes gain on the sale of 50% of the gross income earned from each such business is from the property to gain certain tax benefits. active conduct of business in a Qualified Opportunity Zone. Opportunity Funds provide investors the chance to put that money to work rebuilding WHAT TAX INCENTIVES DO FEDERAL OPPORTUNITY ZONES the low income communities. OFFER? FEDERAL OPPORTUNITY ZONES OFFER THREE TAX INCENTIVES: WHERE WILL THE FEDERAL OPPORTUNITY ZONE PROGRAM APPLY? 1. A temporary tax deferral for capital gains reinvested in an Opportunity Fund – the deferred gain is recognized on the earlier of the date on The tax reform law requires Governors’ of each state to nominate qualifying which the opportunity zone investment is sold or December 31, 2026. census tracts to the Treasury Department by March 21, 2018. State 2. A step-up in basis for capital gains reinvested in an Opportunity Governors may nominate at least 25 census tracts but can only nominate Fund – the basis of the original investment is increased by 10% if 25% of a state’s eligible census. Eligible census tracts must have a the investment in the qualified opportunity zone fund is held by the poverty rate of at least 20% or a median income that does not exceed taxpayer for at least 5 years, and by an additional 5% if held for at least 80% of the statewide income. Up to 5% of census tracts that do not meet 7 years, excluding up to 15% of the original gain from taxation. the definition of a low-income community can be designated under an exemption. Exempt census tracts must be contiguous with low-income 3. A permanent exclusion from taxable income of capital gains from the community census tracts designated as Opportunity Zones, and the sale or exchange of an investment in a qualified opportunity zone fund, median family income of the exempt tract must not exceed 125% of the if the investment is held for at least 10 years. median family income of the designated low-income community census tract with which it is contiguous. HOW WILL THE FEDERAL OPPORTUNITY ZONE PROGRAM OPERATE?

The US Treasury Department will certify who is a “Qualified Opportunity REDEVELOPMENT OPPORTUNITY

76 ACRE LAND SITE AVAILABLE

• Excellent Last Mile Location • Located in Major Labor Pool • Excellent Access to I-71 at SR 104 (Frank Road) • Zoned I – Industrial • Flat Site Ready for New Development

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2211 PARSONS AVENUE, COLUMBUS, OH 43207 WWW.CBRE.US/LASTMILECOLUMBUS