OFFICE PORTFOLIO F O R S A L E

HERITAGE OFFICE PARK PORTFOLIO OF NINE OFFICE BUILDINGS

LOGAN MCANALLEN, CCIM PARKER MCANALLEN 810.206.3504 810.206.3501 [email protected] [email protected] TABLE OF CONTENTS

CONFIDENTIALITY & DISCLAIMER CONTENTS All materials and information received or derived from Legacy Commercial Group, LLC its directors, COVER PAGE 1 officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, TABLE OF CONTENTS 2 compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property EXECUTIVE SUMMARY 3 for any party’s intended use or any and all other matters. PORTFOLIO SUMMARY 4 Neither Legacy Commercial Group, LLC its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any ADDITIONAL PHOTOS 5 materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active FINANCIAL ANALYSIS 6 conduct of its own due diligence to determine these and other matters of significance to such party. Legacy Commercial Group, LLC will not investigate or verify any such matters or conduct due LOCATION MAP 7 diligence for a party unless otherwise agreed in writing. LOCATION OVERVIEW 8 EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. STATE UNIVERSITY 9 Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through DEMOGRAPHICS MAP & REPORT 10 appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and LEGACY COMMERCIAL GROUP 11 consulting appropriate independent professionals. Legacy Commercial Group, LLC makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Legacy Commercial Group, LLC does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Legacy Commercial Group, LLC in compliance with all applicable fair housing and equal opportunity laws.

LEGACY COMMERCIAL GROUP // 2300 GENOA BUSINESS PARK DRIVE SUITE 160 // BRIGHTON, MI 48114 // 810.206.3500 // LEGACYIPG.COM 2 EXECUTIVE SUMMARY

OFFERING SUMMARY PROPERTY OVERVIEW Legacy Commercial Group is Pleased to Present the Heritage Office Park, a Nine Sale Price: $12,393,000 Building, Professionally Managed Office Portfolio Located in Okemos, MI. The Property consists of 104,783 Square Feet and is Positioned along the High-Traffic Okemos Rd Cap Rate: 8.00% Corridor. This Location offers High-Visibility in a Densely Populated Commercial and Residential Area. Positioned less than 1 Mile from I-96, the Property provides Quick NOI: $989,875 Access to .

PROPERTY HIGHLIGHTS Building Size: 104,783 SF Nine (9) Building, Professionally Managed Office Portfolio in Excess of 104,000 Square Feet | Offers Tremendous Economies of Scale Price / SF: $118.27 Well-Positioned Asset within the East Lansing Submarket | One of Greater Lansing's Top Submarkets Featuring the Area's Strongest Demographics Occupancy: 90.0% Easy Access to I-96, approx. 1 Mile | Just 3 Miles from Michigan State University, one Year Built: 1990 - 1999 of the Top Research Universities in the World | 49,000+ Students and 13,000+ Faculty & Staff

LEGACY COMMERCIAL GROUP // 2300 GENOA BUSINESS PARK DRIVE SUITE 160 // BRIGHTON, MI 48114 // 810.206.3500 // LEGACYIPG.COM 3 PORTFOLIO SUMMARY

LEGACY COMMERCIAL GROUP // 2300 GENOA BUSINESS PARK DRIVE SUITE 160 // BRIGHTON, MI 48114 // 810.206.3500 // LEGACYIPG.COM 4 ADDITIONAL PHOTOS

LEGACY COMMERCIAL GROUP // 2300 GENOA BUSINESS PARK DRIVE SUITE 160 // BRIGHTON, MI 48114 // 810.206.3500 // LEGACYIPG.COM 5 FINANCIAL ANALYSIS

LEGACY COMMERCIAL GROUP // 2300 GENOA BUSINESS PARK DRIVE SUITE 160 // BRIGHTON, MI 48114 // 810.206.3500 // LEGACYIPG.COM 6 LOCATION MAP

LEGACY COMMERCIAL GROUP // 2300 GENOA BUSINESS PARK DRIVE SUITE 160 // BRIGHTON, MI 48114 // 810.206.3500 // LEGACYIPG.COM 7 LOCATION OVERVIEW

LANSING, MI Home to Michigan's State Capital and government, Lansing is a city of over 120,000 people. The Lansing Metropolitan Area is in an area of the state dubbed "Mid-Michigan" and extends through Ingham, Eaton, Clinton, and Shiawassee Counties. While the largest employers in the region are the State of Michigan and the various educational institutions in the area, Lansing also has large automobile manufacturing, healthcare, and insurance industries that exhibit a healthy economy.

Lansing is rich with many government and educational institutions, including the Michigan State government, Michigan State University (MSU), two medical schools, two nursing schools, and two law schools. Lansing is also home to the , a Class-A minor league team. The Lugnuts attract over 310,000 fans each year.

LEGACY COMMERCIAL GROUP // 2300 GENOA BUSINESS PARK DRIVE SUITE 160 // BRIGHTON, MI 48114 // 810.206.3500 // LEGACYIPG.COM 8 MICHIGAN STATE UNIVERSITY

MICHIGAN STATE UNIVERSITY (MSU) MSU is a public land-grant research university in East Lansing, MI. The University was founded in 1855 and is widely known as an Agricultural College. MSU is a Division 1, Public University with more than 50,000 students enrolled.

The University has 200+ Academic Programs with 38 of those ranked in the Top 25 Nationally. In particular, MSU is known for its programs in education, packaging, hospitality, business, supply chain management, and communications sciences.

The Michigan State Spartans compete in the NCAA Division 1 . MSU is widely known for its Football, , and programs. On MSU's campus is the Wharton Center for Performing Arts, the Eli and Edythe Broad Art Museum, the Abrams Planetarium, and more.

LEGACY COMMERCIAL GROUP // 2300 GENOA BUSINESS PARK DRIVE SUITE 160 // BRIGHTON, MI 48114 // 810.206.3500 // LEGACYIPG.COM 9 DEMOGRAPHICS MAP & REPORT

POPULATION 1 MILE 3 MILES 5 MILES Total Population 4,927 32,827 97,591 Average age 35.8 32.5 30.7 Average age (Male) 34.6 32.1 30.6 Average age (Female) 36.7 32.9 31.0

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 1,806 11,520 32,498 # of persons per HH 2.7 2.8 3.0 Average HH income $114,721 $103,600 $89,440 Average house value $286,383 $272,561 $250,913

LEGACY COMMERCIAL GROUP // 2300 GENOA BUSINESS PARK DRIVE SUITE 160 // BRIGHTON, MI 48114 // 810.206.3500 // LEGACYIPG.COM 10 LEGACY COMMERCIAL GROUP

LEGACY COMMERCIAL GROUP // 2300 GENOA BUSINESS PARK DRIVE SUITE 160 // BRIGHTON, MI 48114 // 810.206.3500 // LEGACYIPG.COM 11