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SARDIS BUSINESS PARK3900-4004 SARDIS CHURCH RD | INDIAN TRAIL (CHARLOTTE) , NC 28110

VIEW VIDEO PROPERTY TOUR

https://vimeo.com/368562303/6a50e01bae

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C O N T A C T S

DAVID HANNAFoundry Commercial

704-705-3862David.Hanna@foundrycommercial .com

CASEY MULHERNFoundry Commercial

704-705-1182Casey.Mulhern@foundrycommercial .com

SARDIS BUSINESS PARK

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DASHBOARD

PROPERTY DETAILS

$228,797 Pro Forma NOI

40,000 SFTotal GLA

Free & ClearDebt

1995-1998Year Built

6.59 ACTotal Land Size

3900-4004 Sardis Church Rd, Indian Trail, NC 28110PINs #: 07069198, 09069197, 07069186, 07069185, 07069184

100%Occupancy

PROPERTY SPECS PROPERTY HIGHLIGHTS

Diversification• Featuring five (5) buildings with twenty (20) separately demised suites, the park

enables investors to diversify their risk.

Stable Cash Flow• Historically high occupancy with a wait list of future tenants. • Average tenure of existing tenants is 4.9 years with several maintaining occupancy

for over 10 years.• The property has historically had low turnover costs and short downtime.

Upside• Several suites have below market rent, giving buyers the opportunity to mark rents

to market and quickly grow NOI.

Tight Industrial Submarket• The Union County Industrial submarket consists of just over 18 million square feet

with a vacancy rate of 2.6% and average rental rate of $6.56/SF. • There is limited construction of competing speculative industrial projects with only

37,254 SF delivered in the last three months, all of which is 100% occupied. Excellent Location• Situated with frontage along Sardis Church Road the park is approximately 1.3 miles

to the newly opened Monroe Connector and only 0.25 miles from Highway 74. Interstate 485 is 4.4 miles to the north providing easy connectivity to Interstates 77, 85 and the greater Charlotte region.

Submarket Union County

Zoning Regional Business District (RBD)

Total Size 40,000 SF

Land Size 6.59 AC

# of Buildings 5

Building Dimensions (per building) 80’x100’

Years Built 1995-1998

Approximate Office (% per unit) 16%

Clear Height (per building) 13’ - 16’

Dock High Doors (per building) 4 Dock High Doors (10’ x 10’)

Drive In Doors (per building) 2 Grade Level (12’ x 12’)

Truck Court Depth 75’ – 100’

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MARKET OVERVIEW

CHARLOTTE, NC

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CHARLOTTE, NORTH CAROLINA

#5Best Places for

Business & Careers- Forbes

#21Best Places inJob Growth

- Forbes

#22Best Places to Live in

the United States- US News & World Report

ACCOLADES

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JOBS & INVESTMENT INFRASTRUCTURE

20%Employment increases

projected over next 5 years

50%Increase in Annual Rate of Venture Capital Funding

since 2010

236$$$

Million Dollars in VentureCapital Funding was

invested in 2015

700

5THBusiest airport in the nation,

measured by takeoffs and landings

Departures and landings daily out of Charlotte-Douglas

International Airport.

10%9 active gates were added in

July 2018, increasing the airports capacity by 10%.

TABLE OF CONTENTSMARKET OVERVIEW - CHARLOTTE, NC

7,900

8,239

9,078

11,000

11,698

15,000

17,100

18,495

24,000

35,700

0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000

Duke Energy Corp

Harris Teeter Inc.

Delhaize America Inc.

American Airlines

Novant Health

Bank of America Corporate

Wal‐Mart Stores Inc

Charlotte‐Mecklenburg Schools

Wells Fargo Company

Atrium

Number of Regional Employees

CharlotteThe Charlotte metropolitan region consists of 2.53 million people encompassing a 10-county region that spans portions of both North and South Carolina. Charlotte is now the 17th largest city in the U.S. and has been on of the fastest growing markets in the country over the past two decades. The region appears poised for strong future growth behind a diversifying economy based around banking, energy and manufacturing.

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TABLE OF CONTENTSCHARLOTTE INDUSTRIAL MARKET

Throughout the nine-county region, the Charlotte industrial market is comprised of 327 million square feet of inventory which is currently 94% leased on the heels of 3.7MM SF of positive net absorption within the last twelve months.

Submarket Inventory SF Occupancy Rate Market Rent NNN/SF Annual Rent Growth

State Line 47,983,204 91.5% $6.37 4.4%

York County 31,649,830 91.8% $5.76 5.1%

Iredell County 30,180,087 97.6% $5.52 5.9%

Gaston County 29,440,276 96.9% $4.25 6.2%

North 25,231,610 94.1% $7.80 5%

Cabarrus County 24,412,805 88.1% $7.13 5.3%

Union County 18,350,732 97.4% $6.56 5.9%

Airport/West 18,057,041 91.9% $6.37 4.6%

I-85/Beatties Ford Rd 15,349,873 95.7% $5.50 5.5%

Rowan County 14,541,835 86.1% $3.77 5.1%

Lincoln County 11,433,929 95.1% $5.04 0.2%

Sugar Creek 10,540,038 96.4% $7.15 5.8%

Tyvola Rd 10,263,920 96.1% $8.38 4.9%

East 8,656,156 96.5% $8.33 5.5%

Chester County 8,459,551 96.1% $3.34 5.9%

Lancaster County 6,674,268 84.2% $3.31 7.2%

Mecklenburg County 6,056,818 95.9% $8.85 5.9%

I-177/30th St 3,382,572 94.9% $7.74 8.5%

I-277/Remount Rd 2,482,381 94% $9.77 6.1%

Freedom Dr 2,092,590 100% $6.76 5.8%

CBD 975,439 96.9% $12.23 6.2%

South 365,287 93.3% $11.88 6.3%

Total 326,580,242 94.1% $6.90 5.5%

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

2011 2012 2013 2014 2015 2016 2017 2018 YTD

Net Absorption SF Direct

87.0%

88.0%

89.0%

90.0%

91.0%

92.0%

93.0%

94.0%

95.0%

2011 2012 2013 2014 2015 2016 2017 2018 YTD

Occupancy Rate

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TABLE OF CONTENTSUNION COUNTY AT A GLANCE

236KPOPULATION

184MANUFACTURING FIRMS

14.8KMANUFACTURING EMPLOYEES

4.5KAEROSPACE EMPLOYEES

#1COUNTY FOR INCOMING

INVESTMENT

#1AEROSPACE CLUSTER IN NC

Top 5BOEING SUPPLIER SITE

IN SOUTHEAST

Top 5IN AEROSPACE RECRUITMENT

NATIONWIDE

Top 10AEROSPACE CLUSTER IN

THE SOUTHEST

Top 3COUNTY FOR

AGRI-BUSINESS IN NC

Top 10“NO-BRAINER” LOCATION

FOR MANUFACTURING

Top 3BEST WORKFORCES

IN NC

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TABLE OF CONTENTSUNION COUNTY INDUSTRIAL MARKET

Union CountyThe Union County industrial submarket comprises over 18 million square feet of industrial space clustered primarily along Highway 74.

Proximity to Monroe Corporate CenterA short distance from Sardis Business Park is Monroe Corporate Center, a Class A Industrial Park totaling over 500 acres with FTZ status home to many of the county’s top employers including ASSA ABLOY, Greiner Bio-One, Cyril Bath, 3M Scott Safety, ConMet, ATI Speicalty Materials and UTC Aerospace.

18.4MM SFTotal Inventory

97.4%Occupancy

$6.56/SFMarket Rent

Absorption, Deliveries & ConstructionRecently, the Union County industrial submarket has experienced several large industrial announcements including ConMet’s 253,847 square foot machining facility which was delivered in 2017. However, there has been a limited supply of speculative flex construction in the last three years. Only two buildings totaling 37,254 SF have been delivered in Old Hickory Business Park, both of which are 100% occupied.

Monroe ExpresswayOpened in December of 2018 and beginning near I-485, the Expressway’s 20-mile path and six interchanges lay the foundation for new opportunities in distribution and logistics as evidenced by the City of Monroe’s recent purchase of 155 acres of land for an industrial park – Expressway Commerce Park at Monroe - which will target manufacturing, office and logistics-focused businesses.

Year Net Absorption SF Direct Deliveries SFUnder

Construction SF

YTD 6,388 12,000 102,600

2018 7,787 32,943 12,000

2017 397,496 400,010 7,600

2016 139,050 0 126,000

2015 599,204 0 0

2014 494,963 62,044 0

91%

92%

93%

94%

95%

96%

97%

98%

$4.00

$4.50

$5.00

$5.50

$6.00

$6.50

$7.00

2014 2015 2016 2017 2018 2019 Q3

Union County Industrial SubmarketMarket Rents & Occupancy

Market Rent/SF Occupancy Rate

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Facing NW

Distribution Center

Uptown Charlotte17 miles away

4 9K

V PD

S A R D I S C H U R C H R D - 9 . 7 K V P D

Technology DrBusiness Park

Sardis Business Park

Old HickoryBusiness Park

Sardis ChurchBusiness Park

Corporate BlvdBusiness Park

Corporation Corporation

7 2 K V P D

M O N R O E E X P Y ( T O L L R O A D )

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Facing S

Sardis ChurchBusiness Park Sardis Business

Park

4 9 K V P D

S A RD I S

C HU R C

H RD -

9 . 7K V

P D

Monroe Corporate Center

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PROPERTY OVERVIEW

$228,797 Pro Forma NOI

40,000 SFTotal GLA

100%Occupancy

Free & ClearDebt

1995-1998Year Built

6.59 ACTotal Land Size

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TABLE OF CONTENTSTYPICAL BUILDING PLAN

80 ft

100 ft

FEATURES:• 2,000 SF Total• 325 SF Office• 1,675 SF Warehouse• Office Air Conditioned

• Warehouse Gas Heated• 100 Amp Electrical Service• 10’ Loading Dock Door• End Cap Units have 12’

Drive-In Doors

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C O N F I D E N T I A L I T Y D I S C L A I M E R

Foundry Commercial, LLC (“FC”) as sub-agent of Berkeley Capital Advisors, LLC (“FC”) has been authorized by the owner of the subject property (the “Seller”) to present you with this marketing package. This is a confidential package intended solely for your own limited use and benefit, as a principal, in considering whether you desire to pursue negotiations to acquire the subject property.

Your receipt and acceptance of this package serves to acknowledge your agreement to: (1) hold the information and materials contained herein, and the offering they represent, in the strictest of confidence; (2) not disclose, directly or indirectly, the information and materials contained herein, or the offering they represent, to any other person, firm or entity without prior written authorization from FC or the Seller; (3) not use the information and materials contained herein in any fashion or manner detrimental to the interest of FC or the Seller; (4) not disturb any tenants in possession of the subject property nor reveal to them the offering this package represents. This marketing package was prepared by FC and it has been reviewed by representatives of the Seller. The information and materials contained herein are selective and limited in nature, and neither FC nor the Seller purports this to be an all-inclusive report on the subject property. Within this package, certain leases, documents and other ma-terials are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements involved, nor do they purport to constitute a legal analysis of the provisions of those documents. Interested and qualified prospective purchasers will be afforded an opportunity to review additional information and to inspect the subject property, and all such prospective purchasers should conduct their own independent due diligence.

This package is based in part upon information supplied by the Seller and in part upon information obtained by FC from sources believed to be reliable. All income, expense and/or investment projections contained herein are provided for general reference purposes only, in that they are based on assumptions relating to the general economy, competition and other factors beyond the control of FC and the Seller, and all such projections are therefore subject to variation. This package shall not be deemed an indication of the state of affairs of the subject property, nor constitute an indication that there has been no change in the business or affairs of the subjectproperty since the date of preparation of this package.

Neither FC, the Seller, nor any of their respective officers, employees or agents, has made or does make any representation or warranty, expressed or implied, as to the accuracy or completeness of this package or any of its contents, and no legal commitments or obligations shall arise by reason of this package or its contents. FC and the Seller expressly reserve the right, at their sole discretion, to alter or amend the terms of this offering, to reject any or all expressions of interest or offers to acquire the subject property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligation to any entity reviewing this package or making an offer to acquire the subject property unless and until a written agreement for such acquisition has been fully executed, delivered and approved by the Seller and any conditions to the Seller’s obligations thereunder have been satisfied or waived.

Parties seeking to act in a third-party brokerage capacity must register their client(s) with FC prior to receiving or dispersing any marketing information. FC will not recognize any third-party brokerage relationships without first receiving and approving such written client registration, nor will FC or the Seller be obligated for any brokerage claims which may result, regardless of such broker’s involvement in procuring a purchaser for the subject property.

This package is the property of FC. Photocopying, re-typing or other duplication of the information and materials contained here-in is expressly prohibited. The information contained within this package and the offering of the subject property may not be announced, posted or otherwise publicized in any electronic media (such as, by way of example only, any Internet or “broadcast facsimile” communications). If, after reviewing this package, you have no further interest in acquiring the subject property at this time, please return this package in its entirety to FC. Likewise, if the terms contained in this Confidentiality & Disclaimer section are not acceptable to you, please immediately return this package to FC.

AGENT’S DUTIESWhen you contract with a real estate firm to act as your agent in a real estate transaction, the agent must help you obtain the best price and terms possible, whether you are the buyer or seller. The agent also owes you the duty to:• Safeguard and account for any money handled for you• Act with reasonable skill, care and diligence• Be loyal and follow reasonable and lawful instructions• Disclose to you any information which might influence your decision to buy or sellEven if the agent does not represent you, the agent must still be fair and honest and disclose to you all “material facts” which the agent knows or reasonably should know. A fact is “material” if it relates to defects or other conditions affecting the property, or if it may influence your decision to buy or sell. This does not require a seller’s agent to disclose to the buyer the minimum amount the seller will accept, nor does it require

AGENTS WORKING WITH SELLERSA seller can enter into a “listing agreement” with a real estate firm authorizing the firm and its agent(s) to represent the seller in finding a buyer for his property. The listing agreement should state what the seller will pay the firm no matter who finds the buyer.

The listing firm may belong to a listing service to expose the seller’s property to other agents who are members of the service. Some of those agents may be working with buyers as buyers’ agents; others will be working with buyers but still representing the sellers’ interests as an agent or “subagent”. When the buyer’s agents and seller’s subagents desire to share in the commis-sion the seller pays to the listing firm, the listing agent may share the commission with the seller’s permission.

AGENTS WORKING WITH BUYERSA buyer may contract with an agent or firm to represent him (as a buyer’s agent), or may work with an agent or firm that rep-resents the seller (as a seller’s agent or subagent). All parties in the transaction should find out at the beginning who the agent working with the buyer represents.

If a buyer wants a buyer’s agent to represent him in purchasing a property, the buyer should enter into a “buyer agency agreement” with the agent. The buyer agency agreement should state how the buyer’s agent will be paid. Unless some other arrangement is made which is satisfactory to the parties, the buyer’s agent will be paid by the buyer. Many buyer agency agree-ments will also obligate the buyer to pay the buyer’s agent no matter who finds the property that the buyer purchases.

A buyer may decide to work with a firm that is acting as agent for the seller (a seller’s agent or subagent). If a buyer does not enter into a buyer agency agreement with the firm that shows him properties, that firm and its agents will show the buyer prop-erties as an agent or subagent working on the seller’s behalf. Such a firm represents the seller (not the buyer) and must disclose that fact to the buyer.

The terms and conditions stated in this Confidentiality & Disclaimer section apply and relate to all of the sections of this package as if stated independently therein.Prospective purchasers of the subject property are hereby notified that Foundry Commercial, LLC, and its agents, are acting in the capacity of a “Seller’s Agent” during the course of this offering, and as such are solely representing the interests of the Seller.

FIRM LICENSE#C26497

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