Brokerage Services | Investment Properties 91% LEASED INVESTMENT OPPORTUNITY :: OFFERING MEMORANDUM Westminster Air Business Center 1106 Business Parkway South |Westminster, MD 21157 KETCH SECOR First Vice President +1 410 244 3118 ketch.secor@cbre.com ALAN GRACE Vice President +1 410 244 3118 alan.grace@cbre.com THE OFFERING PROPERTY SUMMARY CBRE, Inc. is the exclusive marketing broker for the offering of this 91% leased investment opportunity of 15,528 square feet located in Westminster, Carroll County, Maryland. ADDRESS: 1106 Business Parkway South Westminster, MD 21157 BUILDING SIZE: 15,528 SF LAND AREA: 2.46 Acres; approval for additional 10,265 SF building on one acre adjacent site OCCUPANCY: 91% YEAR BUILT: 2006 ZONING: RI CONSTRUCTION: Masonry LOADING CONFIGURATION: Drive-in, rear The 2.46 acre site has approval for an additional 10,625 square foot development. CLEAR HEIGHT: COLUMN SPACING: CAR PARKING: DRIVE-IN DOORS: ROOF: OFFICE FINISH: LIGHTING: SPRINKLER SYSTEM: ELECTRIC: OFFICE HVAC: Six SITE PLAN SITE AERIAL MARKET OVERVIEW The Property is located in Westminster, Maryland within Carroll CARROLL COUNTY, MARYLAND HIGHLIGHTS MARKET LOCATION County. The county is located along the Pennsylvania line, bordered by Baltimore and Frederick counties. An effective • system of local routes connects residential, industrial, and agricultural areas, as well as extending further to provide easy access to Interstates 95, 70, 83, and 695. Carroll County benefits from an educated workforce due to its position as a • Access to one of the most comprehensive and reliable transportation networks in the country-highways, ports and rail bedroom community for the City of Baltimore. Approximately 38% of the labor pool is tied to construction, manufacturing, transportation, health, and business services sectors. • Overnight access to over 70 million people GENERAL INFORMATION Knorr Brake recently completed a 300,000 square foot state of the art industrial facility across the street and Carlyle, ETC., a clothing manufacturer, recently purchased an 84,000 square foot industrial facility nearby. General Dynamics has a large presence nearby as well. Additionaly, Fuchs Spices recently purchased 20 acres to develop a 200,000 SF manufacturing facility about 10 miles away. Carroll County labor, cost to do business (i.e., operating expenses) and quality of life are driving factors luring business to the area. • Part of the nation’s fourth largest consumer market, supporting over 7.2 million people, 2.6 million households and producing a collective personal income of $215 billion • County Seat: Westminster Land Area: 452 square miles Elevation: 300 to 1,000 feet above sea level Government: Five commissioners elected by district for four-year terms KEY DISTANCES I-70 (Baltimore National Pike) 8 miles I-695 (Baltimore Beltway) 12 miles I-83 (Baltimore-Harrisburg Expy) 25 miles I-95 25 miles Port of Baltimore 30 miles Baltimore, MD 35 miles Washington, D.C. 50 miles Philadelphia, PA 130 miles For labor and additional area information, please visit www.carrollbiz.org. Brokerage Services CARROLL COUNTY COMMERCIAL REAL ESTATE MARKET - Q4 2013 NUMBER OF BUILDINGS TOTAL SIZE TOTAL AVAILABLE SF VACANCY RATE 66 6,145,368 759,278 12.36% RENT ROLL LEASE TERM Investment Properties Tenant Square Feet Begin End BASE RENT Monthly PSF Annually Mobility Rehab 6,678 4/1/10 3/31/15 $6,080 $10.93 $72,971 Genesis 4,382 11/1/07 10/31/17 $5,517 $15.25 $66,215 Hydro-Terra 3,148 2/1/14 1/31/19 $2,135 $8.14 $25,625 Vacant 1,320* TOTALS 15,528 $13,733 $164,811 EXPENSES Taxes: Insurance: Dumpster/Maintenance: $13,197 $3,396 $4,403 $20,996 ($1.35/SF) *Hydro-Terra has First Right of Refusal © 2014 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.