Available For Lease or For SaleTenant Vacating December 2018

Turn-key Education Facility

Jim DiBiasejimd@olivereg.com

102 N Cascade Ave, Suite 250, Colorado Springs, CO 80903t. 719.598.3000 f.719.578.0089 www.olivereg.com

Everest College at Aerospace Tech Center II

OLIVE REAL ESTATE GROUP, INC102 N Cascade Ave, Suite 250, Colorado Springs, CO 80903

t. 719.598.3000 f.719.578.0089 www.olivereg.com

Jim DiBiasejimd@olivereg.com

Olive Real Estate Group, Inc. Copyright 2018. Information contained herein, while not guaranteed, is from sources we believe to be reliable. Prices, terms and information subject to change. path: S:\Admin\@Olive\@Property Listings\Aerospace Tech Center\ATC II\ATC-II-EverestCollege_OM

S P

owers B

lvd

Jet W

ing

Dr

Aeroplaza Dr

SITE

Astrozon Blvd

Fountain Springs

Apts

SITEFountain Fountain Springs Springs Springs

AptsApts

E Fountain Blvd

SITE

Demographics1 Mile 3 Mile 5 Mile

Population2017 Est. Population 15,853 88,531 206,926

Households2017 Est. HHs 5,653 32,367 82,7272017 Est. Avg. HH Income $54,699 $51,253 $56,521

Drive Times 5 Min 10 Min 15 Min2017 Est. HHs 5,963 32,399 96,9152017 Est. Population 16,743 86,244 246,1562017 Est. Avg. HH Income $52,669 $51,652 $59,042

Source: 2010 US Census, All Rights Reserved, Alteryx, Inc.

1815 Jet Wing DrColorado Springs, CO 80916

7 AcresAvailable

Panorama Park

Panorama MiddleSchool

Everest College at Aerospace Tech Center II1815 Jet Wing Dr, Colorado Springs, CO 80916

Jim DiBiasejimd@olivereg.com

OLIVE REAL ESTATE GROUP, INC www.olivereg.com

Olive Real Estate Group, Inc. Copyright 2018. Information contained herein, while not guaranteed, is from sources we believe to be reliable. Prices, terms and information subject to change. path: S:\Admin\@Olive\@Property Listings\Aerospace Tech Center\ATC II\ATC-II-EverestCollege_OM

INVESTMENT HIGHLIGHTSPrice: $5,185,000 ($170/SF)NOI: $561,960

PROPERTY OVERVIEWAddress: 1815 Jet Wing Dr, Colorado Springs, CO 80916Tenant: Zenith Education Group, Inc. dba Everest CollegeGuarantor: ECMC Group, Inc.Building/Lot Size: 30,500 SF / 3.96 AcresOwnership: Fee SimpleYear Built: 2003

TERMS, RENT SCHEDULE & OPTIONSTenant Status: Tenant will close this campus December 2018.

All FF&E is potentially available.Lease Commencement: June 1, 2011Lease Expiration: May 31, 2021Lease Terms: 20 years (Exercised 10-year renewal

which commenced on 6/1/2011)Rent Increases: 2% every year in PrimaryLease Type: Triple-Net (NNN)

RENT SCHEDULE - CURRENT TERM (10 year Renewal Commenced on June 1, 2001)Renewal Term Start Date End Date NOI/Yr NOI/Mo NOI/SF/yr NOI/SF/Mo Cap Rate

Year 9 6/1/2019 5/31/2020 $573,199.20 $47,766.60 $18.79 $1.56 11.05%Year 10 6/1/2020 5/31/2021 $584,663.19 $48,721.93 $19.17 $1.60 11.28%

ADVANCED TECHNOLOGY BUSINESS CAMPUS - LOCATED IN ENTERPRISE ZONE/COLORADO AIRPORT ZONE• Class “A” 1-Story Offi ce Building

• Heavily Parked - 11 spaces per 1,000 SF• Excellent Signage/Visibility Along Fountain Blvd

• 16 Foot Finished Ceilings & Extensive Windowline• Technologically Advanced Amenities - Fiber Optics Throughout Campus, Extensive HVAC Systems, 7 Watts per sq. ft.

EXCELLENT LOCATION - QUICK ACCESS TO MAJOR HIGHWAYS, MILITARY BASES, AIRPORT• Property has 300 ft of Frontage along HWY 24/Fountain Blvd (27,000 cars per day), one of the primary

east-west arterials in southeastern Colorado Springs• Strategically located between Fort Carson Army Base to the southwest, and Schriever and Peterson Air Force Bases to the east.

• Excellent Location for Commuters - Quick Access to Interstate 25 and Powers Blvd/Hwy 21• Close Proximity to Colorado Springs Airport, Colorado’s 2nd busiest airport, with over 700,000 passengers a year

DYNAMIC AREA - STRONG ECONOMIC BASE• Located within El Paso County Enterprise Zone Providing Tax Incentives/Credits

• Nearby retail neighbors include Walmart, O’Reilly Auto Parts, Carl’s Jr., Little Caesar’s, Shell, CarMike 10 Multiplex, Safeway, 7-Eleven, Days Inn, Holiday Inn, and other hotels.

• Property is located in “Defense Contractors Row”, a major industry corridor in Colorado Springs’ renowned Aerotech/Defense region

PROPERTY INFORMATIONBuilding Type: A one (1) story offi ce/classroom buildingBuilding Area: 30,500 Rentable Sq. Ft.Parking: 335 Spaces or 11/1,000 Sq. Ft.Ceiling/Ceiling Height: 16’ Clear Height. 2’ x 4’ acoustical tile ceiling of moisture resistant quality in standard white grid.Exterior Description: Foundation, Walls, Roof.

Pad footings bearing on re-compacted on-site granular material. Site cast concrete with textured paint-fi nish with blue-green refl ective insulated glass windows set in natural anodized aluminum frames. Single-ply EPDM membrane covered with river rock ballast.

HVAC: (13) Roof-mounted HVAC units (gas fi red) for heating/coolingElectrical: 1000 Amps, 480/277 volt 3-phase. Main switchboard buss is aluminum with copper service feeders.Interior Finish/Layout: The main entrance of the building consists of administrative offi ces, library and student lounge. The

center and rear of the facility primarily consists of classroom space. Interior fi nishes include acoustical ceiling in suspended grid; recessed fl uorescent lighting; quality carpeting; painted and textured gypsum board walls on metal stud system; solid-core wood doors in metal jambs; standard window and door hardware; and typical bathroom fi nishes.

Sprinkler System: Fully sprinklered with monitored smoke detection system.