OFFERING MEMORANDUM INTELLIFLEX | FORT MYERS, FL 12801, 12811 & 12821 Commerce Lakes Dr, Fort Myers, FL 33913

Bob Johnston, SIOR 115,488 ± SF Principal Commerce Lakes Dr Jerry Messonnier, SIOR Principal

Derek Bornhorst, CCIM Senior Vice President 7.9 Acres [email protected] Available

Daniels Pkwy

Daniels Pkwy

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] INTELLIFLEX | FORT MYERS, FL OFFERING MEMORANDUM AND DISCLAIMER

Lee & Associates|Naples-Ft. Myers (“Agent”) has been engaged by the owner (“Seller”) as the exclusive agent for the sale of Intelliflex in Fort Myers, Florida (the “Property”).

The Property is being offered for sale in an “as-is, where-is” condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. Neither the enclosed materals nor any information contained herein is to be used for any other purpose or made available to any other person without the express written consent of the Seller.

Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from the market at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller.

Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional inves- tigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations thereunder have been satisfied or waived.

Additional information available to registered buyers only. Upon completion of registration, Buyer will be provided access to property rent roll, Argus report, summary of available buildings, zoning information, etc. via Dropbox.

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 2

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL THE INTELLIFLEX STORY

The original developer of Intelliflex analyzed the Ft. Myers/Lee County Florida flex building market in the early 2000s and determined three things: (1) the majority of flex buildings were severely “under parked”; (2) the majority of flex developments were too small (10,000 sf to 25,000 sf) to take advantage of operating economies of scale and (3) the majority of buildings were metal construction.

After carefully studying the market, the original developer purchased the existing site in the Gateway DRI strategically located between Lehigh Acres and Interstate 75 along the Daniels Road corridor. The Lehigh Acres area is home to many of the blue collar small business owners that service the Southwest Florida area from Naples to Port Charlotte. The Daniels Corridor is one of the busiest in Lee County and the Boston Red Sox chose this area to build their new spring training facility (Jet Blue Park) located just west of the Intelliflex Site.

Once the site was chosen, the site plan was designed for 3 buildings totaling 115,488 sf and 300 parking places or 2.6:1,000. The parking requirement for flex buildings in Lee County is 2:1,000 sf. This minimal parking requirement leaves little or no room for users that need ad- ditional office space or small manufacturing users both of which require a minimum of 3:1,000. The developers felt that this larger parking ratio would allow them to attract a wider range of users than standard flex products. In fact, the site is approved for a broad range of uses including: restaurant, retail, office, warehouse and industrial uses. The current tenant mix includes an operating micro-brewery and a gelato manufacturer among others.

With the site work complete and the permitting in place, the developer began construction of the 3 buildings using concrete tilt wall construction with steel truss roof and a unit mix of:

1) 58 units at 1,536 sf each with 400± sf office/restroom build-out and 1,136 sf of warehouse with a clear height of 18’ and a 10’ by 12’ grade level door

2) 11 units at 2,400 sf each with 625 sf office/restroom build-out and 1,775 sf of warehouse with a clear height of 18’ and a 10’ by 12’ grade level door.

The original developers felt that it was important to build-out all 69 units. It was their experience that when small bay flex users are looking for space they want to move in right away. If a unit is in gray shell condition, thepotentialten- ant will not wait for the tenant improvements to be completed and instead will move into a finished unit at another location.

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 3

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL THE INTELLIFLEX STORY

The original developer followed a strategy that had worked well for many projects over many years. Unfortunately, the comple- tion of Intelliflex in 2007 coincided with the real estate crash that occurred throughout the country in which SW Florida wasoneof the hardest hit areas. Property values plummeted, new construction came to a virtual standstill and the blue collar small business owner whose success was directly related to the construction industry suffered. At the peak of the market, flex users in SW Florida were paying on average $7.50 to $9.00 NNN rent with average CAM charge of $3.00 to $3.50 for a total psf rent of $10.50 to $12.50. This would mean that the 1,536 sf units at Intelliflex would be expected to rent for $1,350 per month to $1,600 per month andthe 2,400 sf units would rent for $2,100 to $2,500. The developer was now facing a major problem, they were at ground zero of the real estate bubble bursting and there were no new tenants looking for space. The inevitable result was that the lender acquired title.

Currently, 31 of the 69 units are occupied (53,664 sf) at an average rental rate of $5.90 psf. Current CAM/operating expenses for Intelliflex are $2.81 psf.

The market in SW Florida is on the mend and there has been virtually no spec construction of commercial property in the last 5 years. Flex building vacancy is trending down but remains above 20%. Many vacancies are a result of buildings completed just after the bubble bursting that remain in gray shell condition. Owners of these buildings cannot justify spending $75 psf for a small office/restroom build-out at today’s rental rates. They are caught in a situation where it is more tolerable to continue to carry a vacant gray shell or partially gray shell building than to spend the money to build-out the units to attract tenants at today’s rental rates.

Existing office/restroom build-out - Intelliflex’s greatest asset! The original developer built out 100% of the units. {The mon- ey is spent! - estimated at $75 psf for 30,075 sf of office/restroom build-out = $2,255,625} The total cost to reproduce Intellif- lex today EXCLUDING land cost would be $85± psf or approximately $10 million and land cost would be another $10 to $20 psf.

As the market returns, Intelliflex will benefit from its excellent location and ability to offer “move inready” units in a market that is recovering daily with fantastic upside. Intelliflex has the size to benefit substantial- ly from increases in rental rates that will continue to occur as the market rebounds. In addition, there is a 7.9 acre par- cel located across the street from the site that is curbed and guttered with utilities that is available for future development.

Summary of Property Benefits: • All the Units are Built Out and Ready for Immediate Occupancy • Excellent Location for Multiple Users with Flexible Zoning • Diverse Tenant Mix • Enhanced Parking Ratio • Concrete Tilt Wall Construction • Well Maintained and Managed Property • Large Property with Superb Upside Potential in Improving Market • Solid Long Term Market Outlook in Sunny SW Florida

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 4

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL TABLE OF CONTENTS

SECTION I - OFFERING SUMMARY SECTION III - FINANCIAL SUMMARY Offering Summary...... 5 Financial Overview...... 17 Property Overview...... 6 Aerial View...... 7 SECTION IV - ADDITIONAL INFORMATION Regional Map...... 10 Demographic Data...... 19 Traffic Counts...... 22 SECTION II - PROPERTY DESCRIPTION Aerial...... 23 Property Description...... 12 Local Map...... 24 Site Plan...... 13 Floor Plans...... 14 SECTION V - MARKETING BROCHURES Additional Land Available...... 15 2,400 SF Units...... 25 1,536 SF Units...... 27

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 5

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. SECTION I

OFFERING SUMMARY INTELLIFLEX | FORT MYERS, FL OFFERING SUMMARY

PRICE: Make Offer

BUILDING SQUARE FOOTAGE: 115,488± SF

ADDITIONAL LAND AVAILABLE: 7.9± Acres

NET OPERATING INCOME*: Stabilized $324,706

NET OPERATING INCOME*: Current $12,061

OCCUPANCY: 46.5%

*See Financial Analysis - Section III

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 7

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL PROPERTY OVERVIEW

Lee & Associates is pleased to offer for sale Intelliflex, an office industrial flex project located in the Gateway mixed use master planned community in Fort Myers, FL. The project consists of three buildings totaling 115,488 square feet and an additional 7.9± acre parcel across the street. The project enjoys a central location minutes from I-75 and Introduction Southwest Florida International Airport. The project was completed in 2007 and has an attractive architectural style. This asset is a perfect investment for a large institutional investor or an individual investor looking for a secure long term investment with tremendous upside potential.

Fort Myers is located on the west coast of Florida in Lee County which is located on the Gulf of Mexico with easy ac- cess to Southwest Florida International Airport and Interstate 75 from all areas. From Fort Myers, it’s a 2.0 hour drive to Tampa and 2.0 hour drive to Miami, providing easy access to shipping across the country or around the globe.

Property Highlights

●● Close to Southwest Florida International Airport (RSW)

●● Close to Interstate 75

●● Year Built: 2007

●● Attractive Building Style

●● Outstanding 1031 Exchange Opportunity

●● Concrete Tilt Wall Panel Construction

●● Leasing Upside Potential

●● Ideally Sized Units - 1,536 SF to 2,400 SF

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 8

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL AERIAL

115,488 ± SF

Commerce Lakes Dr

7.9 Acres Available

Daniels Pkwy

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 9

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL AERIAL

GATEWAY

SUBJECT

Daniels Pkwy Treeline Ave

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 10

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL AERIAL

Royal Greens Condominiums GATEWAY Daniels Preserve SUBJECTCommerce LakesCommunity Dr

JetBlue Park Red Sox Spring Daniels Pkwy Training Gateway Blvd SUBJECT

Daniels Pwky Treeline Ave

Paul J. Doherty Pkwy

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 11

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL REGIONAL MAP

Pine Island Cape Coral

Fort Myers

Sanibel

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 12

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. SECTION II

PROPERTY DESCRIPTION INTELLIFLEX | FORT MYERS, FL PROPERTY DESCRIPTION

PROPERTY DESCRIPTION Clear Height: 18’ Address: 12801, 12811 & 12821 Commerce Lakes Dr Fort Myers, FL 33913 Power: 3 Phase - 225 Amps, 208/120 Volts

Building Square Footage: 115,488 Roof: Steel Truss

Year Built: 2007 Restrooms: Each unit has 1 restroom

Number of Bldgs: 3 Buildings Foundation: 4” Concrete pour

Additional Land Available: 7.9± Acres Parking Surface: Asphalt

Ownership: Redus Florida Commercial LLC HVAC: Every unit has an HVAC unit above the office space Property Type: Multi Bay Flex (Office/Industrial Uses) Fire Protection: Sprinklered to code Parking Ratio: 2.6:1,000 Walls: 5/8 Sheetrock Fire Rated Landscaping: Yes Zoning: MPD - Mixed Use Planned Development - Signage: Available - Building and Additional Land Gateway DRI

Street Frontage: Commerce Lakes Dr & Express Ct Uses Include:

Cross Street: Daniels Pkwy Office Industrial Construction Type: Concrete Tilt Wall Panel Construction Restaurant Manufacturing Stories: Single Story Retail

Number of Units: 69 Suites Ingress/Egress: Via Commerce Lakes Drive from Daniels Pkwy Unit Sizes: 1,536 SF (58 units) - 2,400 SF (11 units) Street Frontage: 830 Feet on Commerce Lakes Dr Office Build Out: 360 SF Office (1,536 SF units) & 500 SF Office (2,400 SF units) Traffic Count: Daniels Pkwy - 35,700 AADT

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 14

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL SITE PLAN

12801 COMMERCE LAKES DRIVE 1,536 SF Each Unit 1 Unit

2 Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 21 17 19 20 18 22 23 24 25 26 27 28 29 30

3 Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit 4 Unit Unit 5 Unit ch E LAKES DRIVE 6 Unit vailability 7 Unit 2,400 SF Ea 8 A Unit 9 Unit 12821 COMME RC

Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit

22 9 18 25 24 26 27 3 28 1019 11 12 13 14 4 7 8 15 2 5 17 1 16 20 6 21

10 23

Unit

Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit IDP 11 Unit

12811 COMMERCE LAKES DRIVE 1,536 SF Each Unit

Vacant 38 Units - 61,824 SF vacant leased

Leased 31 Units - 53,664 SF

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 15

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL Floor Plans

Typical 1,536 SF Unit Typical 2,400 SF Unit

GATEWAY

SUBJECT

Daniels Pkwy Treeline Ave

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 16

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Page 1 of 1 INTELLIFLEX | FORT MYERS, FL

Zoned MPD - Commerce Lakes Dr Mixed Use Planned Development with Lee County

Uses Include: Office Industrial Manufacturing Retail Restaurant

Improvements: Express Ct Curbs, Gutters, Water & Sewer in place 7.9± ACRES TOTAL

Daniels Pkwy

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 17

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. SECTION III

FINANCIAL SUMMARY INTELLIFLEX | FORT MYERS, FL

INTELLIFLEX FORT MYERS, FL

Financial Overview LOCATION Annualized Operating Data 12801, 12811 & 12821 Commerce Lakes Dr INCOME CURRENT PRO FORMA Fort Myers, FL 33913 Gross Potential Rent $ 701,369 $ 701,369 Expense Reimbursements $ 20,628 $ 20,628 Gross Potential Income $ 721,997 $ 721,997 Vacancy/Collection Allowance $ 384,845 $ 72,200 Effective Gross Income $ 337,152 $ 649,797 Total Expenses $ 325,091 $ 325,091 Net Operating Income $ 12,061 $ 324,706

Price Make Offer Year Built 2007 EXPENSES Rentable Square Feet 115,488 Payroll $ 27,816 $ 27,816 Additional Parcel Available 7.9 Acres Utilities $ 25,680 $ 25,680 R&M / Landscaping $ 56,039 $ 56,039 Janitorial / Trash $ 21,014 $ 21,014 Office Expenses $ 39,375 $ 39,375 Advertising / Promo $ 175 $ 175 Insurance $ 24,000 $ 24,000 Property Taxes* $ 94,992 $ 94,992 Management Fees $ 36,000 $ 36,000 TOTAL EXPENSES $ 325,091 $ 325,091 EXPENSES/SF $ 2.81 $ 2.81

Comments Note: Complete Argus run including rent roll available to registered buyers.

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 19

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL REGISTERED BUYERS

To register and receive additional information: Please e-mail [email protected] and include detailed contact information and state whether you are a principal or a broker.

Please include keyword in Subject Line: Intelliflex

Include The Below Contact Information:

*Name *Company *Phone Number *Email Address *Principal or Broker

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 20

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. SECTION IV

ADDITIONAL INFORMATION popUlaTioN characTEriSTicS

INTELLIFLEX | FORT MYERS, FL DEMOGRAPHIC DATA

Welcome to lee county, an 811-square-mile metropolitan area nestled along the gulf coast of Southwest florida.

lee county attracts visitors and companies alike with its mild climate, 50 miles of beautiful sandy beaches and boundless business opportunities. it includes the cities of Bonita springs, cape coral, fort myers, fort myers Beach and sanibel – all located along the balmy shores of the gulf of mexico. the area temperatures range from an average of 83 degrees in the summer to 66 degrees in the winter, and 360 days of sunshine each year.

in addition to an outstanding quality of life, lee county offers an abundant and growing labor supply, and an innovative and entrepreneurial business sector, making it an ideal place for companies to locate or expand. in fact, Inc. magazine ranked lee county’s cape coral-fort myers the third hottest area in the nation to do business. Join us, and discover for yourself why you and your business belong in lee county.

DISTANCE TO OTHER MAJOR MARKETS

Metro Area Miles sarasota 71 tampa 123 West palm Beach 124 fort lauderdale 133 miami 141 orlando 153 Jacksonville 285 tallahassee 356

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 22

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

2 demographic profile popUlaTioN characTEriSTicS

lee county’s population is over 600,000 strong, and dominated by people of working age – particularly those who are 18 years of age and older. Forbes, Inc. and Money magazines have recognized cape coral-fort myers as one of the top places to live and do business INTELLIFLEX | FORT MYERS,in the country. FL DEMOGRAPHIC DATA

LEE COUNTY POPULATION TRENDS SOUTHWEST FLORIDA POPULATION BY COUNTY

Year Total YoY 2012 Population 1960 54,539 County % Change % of Total 2012 2011 1970 105,216 Lee 2.03% 56.39% 638,029 625,310 1980 205,266 Collier 1.87% 29.15% 329,849 323,785 1990 335,113 Charlotte 1.99% 14.46% 163,657 160,463 2000 440,888 2004 521,253 Total 1.98% 100.00% 1,131,535 1,109,558 2005 549,442 Source: BEBR 2012 Population Estimates 2006 585,608 2007 615,741 2008 623,725 LEE COUNTY POPULATION BY AGE 2009 615,124 65 & Over 0-19 2010 618,754 23.45% 21.87% 2011 625,310 2012 638,029 20-34

Source: United States Census and BEBR 2012 Population Estimates, April 1 55-64 15.98% 14.09%

LEE COUNTY POPULATION BY AREA 35-54 Source: 2010 U.S. Census 24.60% Area 2012 Population Percent unincorporated 353,139 55.35% cape coral 160,184 25.11% LEE COUNTY POPULATION BY RACE fort myers 66,835 10.48% Bonita springs 45,129 7.07% Race Population Percent sanibel 6,489 1.02% White 439,048 71% fort myers Beach 6,253 0.98% Black 47,751 8% hispanic 113,308 18% Total 638,029 100.00% other 18,647 3% Source: BEBR 2012 Population Estimated, April 1 Total 618,754 100%

Source: 2010 U.S. Census LEE COUNTY POPULATION BY GENDER

Gender Population Percent male 303,600 49.07% female 315,154 50.93%

Total 618,754 100.00%

Source: 2010 U.S. Census

demographic profile 3 Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 23

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. TraNSporTaTioN

INTELLIFLEX | FORT MYERS,lee c FLounty has two airports: Southwest florida international airport DEMOGRAPHIC DATA (commercial aviation) and page field airport (general aviation).

AIRPORT FACILITIES DAILY NON-STOP DOMESTIC FLIGHTS southwest florida international airport, located off interstate 75, akron-canton (cak) airtran airways* consistently ranks among the 50 busiest airports in the nation. it atlanta (atl) airtran airways, serves a diverse market, including: business, tourism, intercontinental delta air lines atlantic city (acy) and air cargo. a new terminal opened in 2005 and includes a 798,000 Baltimore (BWi) airtran airways square foot terminal. a new parallel taxiway, additional parking and 28 Boston (Bos) JetBlue gates are among the new additions. a variety of surrounding facilities spirit airlines* exist to serve commercial airline customers, general aviation needs southwest airlines Buffalo (Buf) airtran airways* and air cargo activity. JetBlue* charlotte (clt) us airways chicago-midway (mdW) southwest airlines page field, located just south of downtown fort myers, is one of the airtran airways busiest general aviation airports in the united states, serving both chicago-o’hare (ord) spirit airlines business and recreational flyers. a new general aviation terminal complex has been completed. the facility includes a new 22,613 cincinnati (cvg) delta air lines cleveland (cle) united airlines square foot terminal, a 24,000 square foot multi-use hangar and a New! Service begins March 9 southwest airlines new fuel farm with jet and avgas fuel. columbus (cmh) airtran airways dallas (dfW) - fort Worth american airlines spirit airlines* Source: www.flylcpa.com denver (den) detroit (dtW) - metro airtran airways New! Service begins Feb. 12 delta air lines spirit airlines PASSENGER TRAFFIC flint (fnt) airtran airways* grand rapids (grr) airtran airways* green Bay (grB) metJet* 1990 3,734,067 hartford-Bradley (Bdl) southwest airlines* 1995 4,098,264 houston-intercontinental (iah) united airlines indianapolis (ind) airtran airways 2000 5,207,212 key West (eyW) 2007 8,049,676

2008 7,603,845 long island - islip (isp) southwest airlines* memphis (mem) delta air lines* 2009 7,415,958 milwaukee (mke) airtran airways 2010 7,514,316 frontier airlines minneapolis (msp) delta air lines 2011 7,537,745 spirit airlines* 2012 7,350,625 sun country* nashville (Bna) southwest airlines* 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 new york (lga) - laguardia delta air lines JetBlue Source: Lee County Port Authority, 2012 new york-Jfk (Jfk) JetBlue New! Service begins Dec. 15 delta air lines new york-newark (eWr) united airlines JetBlue new york-White plains (hpn) JetBlue AIR CARGO (LBS.) philadelphia (phl) us airways, southwest airlines pittsburgh (pit) airtran airways providence (pvd) southwest airlines* 45,000,000 st. louis (stl) southwest airlines 40,000,000 33,830,747 35,000,000 trenton, nJ (ttn) 30,000,000 New! Service begins Jan. 31 frontier airlines 34,168,191 Washington, dc-national (dca) airtran airways, us airways 25,000,000 31,676,009

MILLIONS 20,000,000 15,000,000 10,000,000 12,068,173 5,000,000 INTERNATIONAL FLIGHTS 0 toronto, canada (yyZ) air canada

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2006 2007 2008 2009 2010 2011 2012 WestJet ottawa, canada (yoW) New! Service begins Dec. 22 WestJet montreal, canada (yul) air canada dusseldorf, germany (dus) air Berlin

8 demographic profile

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 24

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. INTELLIFLEX | FORT MYERS, FL LOCAL MAP

e ce Lakes v mer D . A Com r. y line 41 w ee k Tr P Crystal Dr. s s e r p y 75 C e il M

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Treeli

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 25

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. SECTION V

MARKETING BROCHURES INTELLIFLEX | FORT MYERS, FL

2,400 SF Units

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 27

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. FOR LEASE 2,400 SF Flex Space Environments 12821 Commerce Lakes Dr., Ft. Myers, FL 33913

$1,200/Month in year 1 $1,300/Month in year 2 $1,400/Month in year 3

LOCATION PROPERTY FEATURES • Central location off Daniels Parkway • SIZE: 2,400sf Units

• Minutes from I-75 and Southwest Florida International Airport • Built in 2007

• 10’ x 12’ Overhead doors

e ce Lakes v mer D . A Com r. y • Completed Offi ce/ Warehouse suites line 41 w ee k Tr P ready for immediate occupancy

s s e r p y 75 • Concrete tilt up construction C e il M

x i

y . • Hurricane impact glass

S Daniel Pkwy w s

k

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e Plantation Rd. Plantation M INTERNATIONAL AIRPORT • Professional landscaping

Ave. S • Abundant parking

ne 41 • Extensive exterior lighting

Treeli • 225 Amps, 208/120 Volts, 3 Phase

FOR MORE INFORMATION PLEASE CONTACT:

Bob Johnston, SIOR Principal 6300 Techster Boulevard, Suite 1 Jerry Messonnier, SIOR Derek Bornhorst, CCIM Fort Myers, FL 33966 Principal Senior Vice President [email protected] YOUR LOCAL MARKET EXPERT FOR LEASE 2,400 SF Flex Space Environments 12821 Commerce Lakes Dr., Ft. Myers, FL 33913 IDP AVAILABILITY

Leased

Vacant

Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit 11 10 9 8 7 6 5 4 3 2 1 12821 COMMERCE LAKES DRIVE 2,400 SF Each Unit

2,400 SF LAYOUT

6300 Techster Boulevard, Suite 1, Ft. Myers, Florida, 33966

DISCLAIMER: The information contained herein was obtained from sources believed reliable, however, Lee & Associates makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice. YOUR LOCAL MARKET EXPERT INTELLIFLEX | FORT MYERS, FL

1,536 SF Units

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 28

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. FOR LEASE 1,536 SF Flex Space Environments 12801 & 12811 Commerce Lakes Dr., Ft. Myers, FL 33913

3 Year Lease: $850/Month for Year 1, $950/Month in Year 2, $1,000/Month in Year 3 2 Year Lease: $950/Month for Year 1, $1,050/Month in Year 2

PROPERTY FEATURES LOCATION • SIZE: 1,536sf Units • Central location off Daniels Parkway • Lease Type - Gross • Minutes from I-75 and Southwest Florida • Built in 2007 International Airport • 10’ x 12’ Overhead doors e ce Lakes v mer D . A Com r. • Completed Office/ Warehouse y line 41 w ee k Tr P

• Ready for immediate occupancy s s e r p • Concrete tilt up construction y 75 C e il M • Hurricane impact glass x i

y Rd. . S y

n Daniel Pkw w s • 18’ Warehouse ceiling height k P

tatio SOUTHWEST o

r n

t

a FLORIDA

• Professional landscaping e Pl M INTERNATIONAL • Abundant parking AIRPORT • Extensive exterior lighting

ne Ave. ne Ave. S • 225 Amps, 208/120 Volts, 3 Phase i 41 eel

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FOR MORE INFORMATION PLEASE CONTACT:

Bob Johnston, SIOR Principal 6300 Techster Boulevard, Suite 1 Jerry Messonnier, SIOR Derek Bornhorst, CCIM Fort Myers, FL 33966 Principal Senior Vice President [email protected] YOUR LOCAL MARKET EXPERT FOR LEASE 1,536 SF Flex Space Environments 12801 & 12811 Commerce Lakes Dr., Ft. Myers, FL 33913

OFFICE

FLOOR PLAN

1,536 SF BAY WAREHOUSE

IDP AVAILABILITY

Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit 15 1 2 3 4 5 6 7 8 9 10 11 12 13 14

12801 COMMERCE LAKES DRIVE

21 17 19 20 18 22

23 24 25 26 27 28 29 30 1,536 SF Each Unit 16

Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit

Leased Unit

Vacant

Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit 1 2 3 4 5 6 7 8 9 10 11 12 13 14

12811 COMMERCE LAKES DRIVE

19 20

15 17 18 16 21 22 23 24 25 26 27 28 1,536 SF Each Unit

Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit Unit 6300 Techster Boulevard, Suite 1 Fort Myers, FL 33966

DISCLAIMER: The information contained herein was obtained from sources believed reliable, however, Lee & Associates makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

YOUR LOCAL MARKET EXPERT INTELLIFLEX | FORT MYERS, FL

For Registration Information Please Contact:

Bob Johnston, SIOR Jerry Messonnier, SIOR Derek Bornhorst, CCIM Principal Principal Principal [email protected] [email protected] [email protected]

Lee & Associates|Naples-Ft. Myers | 6300 Techster Blvd | Suite 1 | Fort Myers, FL 33966 | [email protected] Page 29

No warranty or representation has been made to accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.