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126 S LIVINGSTON AVE 126 S Livingston Ave • Livingston, NJ 07039 NON - ENDORSEMENT and DISCLAIMER NOTICE

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126 S LIVINGSTON AVE 126 S Livingston Ave • Livingston, NJ 07039 NON - ENDORSEMENT and DISCLAIMER NOTICE Offering Memorandum 126 S LIVINGSTON AVE 126 S Livingston Ave • Livingston, NJ 07039 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. 126 S LIVINGSTON AVE Livingston, NJ ACT ID Z0280440 2 126 S LIVINGSTON AVE TABLE OF CONTENTS SECTION INVESTMENT OVERVIEW 01 Offering Summary Regional Map Local Map Aerial Photo FINANCIAL ANALYSIS 02 Rent Roll Summary Rent Roll Detail Rent Roll Summary Commercial Operating Statement Notes Pricing Detail Acquisition Financing MARKET OVERVIEW 03 Market Analysis Demographic Analysis 3 126 S LIVINGSTON AVE INVESTMENT OVERVIEW 4 126 S LIVINGSTON AVE OFFERING SUMMARY EXECUTIVE SUMMARY VITAL DATA CURRENT YEAR 1 Price $750,000 CAP Rate 7.83% 7.83% MAJOR EMPLOYERS Net Operating Down Payment 25% / $187,500 $58,720 $58,720 Income # OF EMPLOYER Net Cash Flow EMPLOYEES Loan Amount $562,500 After Debt 11.31% / $21,202 11.31% / $21,202 ADP Atlantic Inc 60,000 Service Loan Type Proposed New Total Return 17.95% / $33,663 18.26% / $34,235 Briad Main Street Inc 7,000 Interest Rate / 4.50% / 25 Years Energy Capital Partners II LLC 5,701 Amortization NPS 4,600 Total Rentable SF 4,500 ADP 4,468 Price/SF $166.67 Prudential 2,245 Year Built / Renovated 1900 / 2001 UNIT MIX VA New Jersey Health Care MONTHL MONTHL 2,000 UNIT CURRENT AVG. POTENTI AVG. Sys UNIT TYPE AVG. SF Y Y COUNT AVG. RENTS RENTS/SF AL RENTS RENTS/SF Investors Bancorp Mhc 1,942 INCOME INCOME 3 Bedroom Sogimex 1,375 1 1,300 $1,750 $1.35 $1,750 $1,750 $1.35 $1,750 Apartment Community Education Ctrs Inc 1,300 1 Bedroom 1 950 $1,150 $1.21 $1,150 $1,150 $1.21 $1,150 Apartment Automatic Switch Company 1,200 SUITE CURRENT MONTHLY PRO FORMA D&B 1,177 TYPE TOTAL GLA CURRENT RENT RANGE COUNT INCOME MONTHLY INCOME 3 Retail 2,250 $500 - $2,500 $4,600 $4,600 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2017 Estimate 59,391 226,532 Pop 13,348 2017 Census Pop 13,067 57,691 220,177 2017 Estimate HH 4,554 21,093 82,716 2017 Census HH 4,440 20,337 79,957 Median HH $124,642 $100,206 Income $130,458 Per Capita Income $66,803 $65,937 $57,185 Average HH $185,028 $155,808 Income $195,365 #5 126 S LIVINGSTON AVE OFFERING SUMMARY INVESTMENT OVERVIEW Marcus & Millichap is pleased to exclusively list for sale a mixed-use offering consisting of a 3 commercial units with 2 apartments above, located in Livingston (Essex County) New Jersey. The subject property is situated on .13+/- acre lot in the heart of the city. The mixed-use offering is within walking distance to Route 10 and allows access to many national retailers. Each tenant has been in the same location for numerous years. Livingston is a township located in Essex County, NJ that shares its borders with Roseland, West Orange, Milburn, Short Hills, Florham Park, East Hanover, and the Passaic River. Although Livingston is predominantly a residential community; Livingston houses many shopping centers, business and services. The major roads that pass through or near Livingston are Eisenhower Parkway, County Route 508, County Route 527, Interstate 280 and Route 10. The subject property is approximately 18 miles northwest of New York City. Public transportation is available to New York Port Authority via Community Coach #77 bus route and OurBus company; to Newark via NJ Transit Bus service on routes 70,71,73 and locally via the MCM3 and MCM8 bus routes. Rail service is also available via the NJ Transit Morristown Line. Within a five-mile radius of Livingston, the average household income is $195,365 among the 226,532 individuals who resides within a five-mile radius of the subject property. The asking price of $ 750,000 represents a 7.83 percent cap rate. INVESTMENT HIGHLIGHTS . Mixed-Use Offering Consisting of 2 Multi-Family Units & 3 Commercial Units . Situated on Heavy Commercial Corridor with High VPD Count . Average Household Income within 1 Mile Radius is $195,000 + . Proximity to Route 10, Route 24 & Route 280 6 126 S LIVINGSTON AVE OFFERING SUMMARY PROPERTY OVERVIEW Livingston is a township located in Essex County, NJ that shares its borders with Roseland, West Orange, Milburn/Short Hills, Florham Park, East Hanover, and the Passaic River. Although it is largely a bedroom community, Livingston houses many shopping centers, business and services. The Livingston Mall inhabits the south- west side of town, and the west side of town holds the headquarters of CIT Group, Interplast Group The Briad Group and the customer service and support center of Verizon. Other major services located in the town include Saint Barnabas Medical Center and The Westminster, a four-diamond luxury hotel. The major roads that pass through or near Livingston are Eisenhower Parkway, County Route 508, County Route 527, Interstate 280 and Route 10. The subject property is approximately 18 miles northwest of New York City. Public transportation is available to New York Port Authority via Community Coach #77 bus route and OurBus company; to Newark via NJ Transit Bus service on routes 70,71,73 and locally via the MCM3 and MCM8 bus routes. Rail service is also available via the NJ Transit Morristown Line. #77 126 S LIVINGSTON AVE OFFERING SUMMARY PROPERTY SUMMARY THE OFFERING PROPOSED FINANCING Property 126 S Livingston Ave First Trust Deed Price $750,000 Loan Amount $562,500 Property Address 126 S Livingston Ave, Livingston, NJ Loan Type Proposed New Assessors Parcel 10 03809-0000-00014 Interest Rate 4.50% Number Amortization 25 Years Zoning B-1 Loan Term 5 Years SITE DESCRIPTION Loan to Value 75% Number of Units 5 Debt Coverage Ratio 1.57 Number of Buildings 1 Number of Stories 2 Year Built/Renovated N/A Lot Size .13 Type of Ownership Fee Simple #8 126 S LIVINGSTON AVE REGIONAL MAP 9 126 S LIVINGSTON AVE LOCAL MAP 10 126 S LIVINGSTON AVE AERIAL PHOTO 11 126 S LIVINGSTON AVE PROPERTY PHOTO 12 126 S LIVINGSTON AVE PROPERTY PHOTO 13 126 S LIVINGSTON AVE PROPERTY PHOTO 14 126 S LIVINGSTON AVE PROPERTY PHOTO 15 126 S LIVINGSTON AVE PROPERTY PHOTO 16 126 S LIVINGSTON AVE PROPERTY PHOTO 17 126 S LIVINGSTON AVE PROPERTY PHOTO 18 126 S LIVINGSTON AVE PROPERTY PHOTO 19 126 S LIVINGSTON AVE FINANCIAL ANALYSIS 20 126 S LIVINGSTON AVE FINANCIAL ANALYSIS RENT ROLL SUMMARY 21 126 S LIVINGSTON AVE FINANCIAL ANALYSIS RENT ROLL SUMMARY 22 126 S LIVINGSTON AVE FINANCIAL ANALYSIS OPERATING STATEMENT 23 126 S LIVINGSTON AVE FINANCIAL ANALYSIS PRICING DETAIL 24 126 S LIVINGSTON AVE 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. buyer pool by expanding finance options We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of Our ability to enhance financing options. seller control • Through buyer Our dedicated, knowledgeable experts understand the challenges of financing qualification support and work tirelessly to resolve all potential issues to the benefit of our clients.
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