7820 Arlington Expressway Jacksonville, FL 32211

E X C L U S I V E O F F I C E O F F E R I N G

PLAZA V 7820 Arlington Expressway Jacksonville, FL 32211

OFFERING SUMMARY

INVESTMENT HIGHLIGHTS Price $2,000,000  Tremendous Value-Add Opportunity Down Payment (50%) $1,000,000  Significantly Below Replacement Cost Loan Amount $1,000,000 ($21 per Square Foot) Loan Type Proposed New  26.45 Percent Pro-forma Cash-on-Cash Interest Rate/Amortization 5.125%/25 Years Return Gross SF 93,746  Approximately 18.04 Percent Pro-Forma Price Per Gross SF $21.33 Cap Rate Rentable SF 84,456

 CCG-2 Zoning Price Per Rentable SF $23.68 Listed by: Year Built 1975  4:1 Parking Ratio Parcel Size 4.82 acres ALEX D. ZYLBERGLAIT  Minutes from Downtown Jacksonville Cap Rate - Pro Forma 18.04% Senior Vice President Investments Net Cash Flow After Debt Service - Pro Forma 26.45% Senior Director National Office and Industrial Properties Group Total Return - Pro Forma 28.47% Tel: (786) 522-7056 Fax: (786) 522-7010 License: FL BK3015211 [email protected] www.marcusmillichap.com/AlexDZylberglait

5220 Belfort Road, Suite 120 Offices Nationwide Jacksonville, FL 32256 • Tel : (904) 672 - 1400 Fax: (904) 672 - 1410 www.marcusmillichap.com

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed 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 of Florida © 2016 Marcus & Millichap. All rights reserved. (Activity ID: X0470009 Property ID: 2065744) 7 8 2 0 A R L I N G T O N E X P R E S S W A Y • J ACKSONVILLE , FL 3 2 2 1 1

OPERATING DATA

Income Pro Forma Base Rent Occupied Space $992,995 Gross Potential Rent $992,995 Gross Potential Income $992,995 Vacancy/Collection Allowance 20% / $198,599 Effective Gross Income $794,396 Total Expenses $433,581 Net Operating Income $360,815 Reserves $25,337 Net Cash Flow Before Debt Service $335,478 Debt Service $71,028 INVESTMENT OVERVIEW Debt Coverage Ratio 5.08 Net Cash Flow After Debt Service 26.45% / $264,450 Marcus & Millichap has been selected to exclusively market Principal Reduction $20,249 for disposition the 100 percent vacant, true, upside-oriented Total Return 28.47% / $284,699

Plaza V office tower located in the Arlington/Regency

submarket of Jacksonville, Florida. Offered at $2,000,000 (or $21 per square foot) it is significantly below replacement cost from both an improved price per square foot basis and

from a price per acre perpsective. This, in effect, provides a EXPENSES great opportunity for an owner/user to acquire a large Real Estate Taxes $21,753 improved property with incredible frontage and signage Insurance 29,560 possibilities or an outstanding investment for the Utilities 181,580 sophisticated value-add investor. Repairs & Maintenance 97,124 Contract Services 71,788

Management Fee 31,776 5220 Belfort Road Plaza V is situated directly on Arlington Expressway which Total Expenses $433,581 Suite 120 Jacksonville, FL 32256 receives over 60,000 verhicles per day and is only five Expenses per SF $5.13 minutes from downtown. The asset is comprised of Tel: (904) 672-1400 Fax: (904) 672-1410 approximately 94,000 gross square feet, of which roughly

84,000 is rentable. Additionally, the property is situated on www.marcusmillichap.com just under five acres of CCG-2 zoned land which affords the property tremendous opportunity and flexibility with prospective uses and tenant base including; government, healthcare, education, call centers, executive office suites and many other uses.