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COOPER PALMS SPORTS COMPLEX 110 Athletes Row Apopka, FL 32703

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.

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.

CONFIDENTIALITY & DISCLAIMER

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This informa on has been secured from sources we believe to be reliable, but we make no representa ons or warran es, expressed, or implied, as to the accuracy of the informa on. References to square footage or age are approximate. Buyer must verify the informa on and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of Florida © 2013 Marcus Millichap U0310116

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of Florida © 2016 Marcus Millichap

TABLE OF CONTENTS 1| PROPERTY DESCRIPTION ......................................................................................... 4 a) Investment Overview ............................................................................................... 5 b) Property Summary ................................................................................................... 6 c) Aerial Photo ............................................................................................................. 7 d) Property Photo ......................................................................................................... 8

2| PRICING & FINANCIAL ANALYSIS .............................................................................. 10 a) Offering Summary .................................................................................................... 11 b) Estimate for an Additional Matching Building to Subject.......................................... 12 c) Additional Matching Building Aerial Photo ............................................................... 13

3| AREA OVERVIEW ......................................................................................................... 14 a) State Map................................................................................................................. 15 b) Regional Map ........................................................................................................... 16 c) Local Map ................................................................................................................ 17

4| DEMOGRAPHIC ANALYSIS ......................................................................................... 18 a) Demographic Analysis ............................................................................................. 19 b) Demographic Summary ........................................................................................... 20 c) Population Density Map ........................................................................................... 21 d) Employment Density Map ........................................................................................ 22 e) Average Household Income Map............................................................................. 23 f) Traffic Counts ........................................................................................................... 24

5| SALES COMPARABLES ............................................................................................... 25 a) Sales Comp Summary ............................................................................................. 26 b) Sales Comp Details ................................................................................................. 27



PROPERTY DESCRIPTION

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INVESTMENT OVERVIEW INVESTMENT HIGHLIGHTS

104,860 Gross Square Foot Single-Tenant Industrial Building

Recently Built in 2015

Situated on 5.09 +/- Acres

Area Has Experienced a 35 Percent Population Growth Since 2000

114,991 Population Within a Five-Mile Radius

Near US 441 | Benefits from 38,000 Vehicles Daily

Near Expressways FL-451 and FL-414 Ramps

Cooper Palms Sports Complex is a 104,860 gross square foot single-tenant industrial building. It is occupied by seasonal tenants nine months out of the year. The structure was recently built in 2015 and is situated on 5.09+/- acres. Cooper Palms Sports Complex is near main US 441 (Orange Blossom Trail), which benefits from approximately 38,000 vehicles daily. US 441 connects property to various retail plazas in the area, Orlando Apopka Airport, Downtown Orlando, and Mount Dora. FL-451 Expressway ramp is less than a mile northwest from Cooper Palms Sports Complex and FL-414 Expressway ramp is approximately three miles northeast from subject. Both thoroughfares are main connectors to other expressways in the area. Apopka is a city in Orange County. It is part of the Orlando-Kissimmee- Sanford Metropolitan Statistical Area. It is the second largest city in Orange County. Additional land surrounding subject property is available. Please see agent for details.

Photo Amenities Include: Six-full size volleyball courts Three-full size basketball courts Seating for 1,000+/- patrons Apparel shop Elevator Restaurant has seating for 150 patrons Complete arcade with 25 machines Sports lounge with T.Vs Six batting cages with pitching areas Three large party rooms COMMENCING WORK ON 6,000 SQUARE

FOOT BANQUET/ MEETING ROOM

Seasonal Tenants Approx. SF

Karate 4,000

Gymnastic 18,000

Dance Studio 2,600

Restaurant 6,000

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PROPERTY SUMMARY PROPERTY DETAILS

Name Cooper Palms Sports Complex

Address 110 Athletes Row Apopka, FL 32703

County Orange

Property Type Sports Complex

Zoning I-1

Assessor’s Parcel Number 09-21-28-1676-01-000

SITE DESCRIPTION

Number of Buildings 1

Year Built 2015

Gross Square Feet 104,860

Lot Size 5.09 +/- Acres

Type of Ownership Fee Simple

Parking 210 Surface Spaces

Parking Ratio 3:1,000

Topography Flat

Street Frontage Athletes Row

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AERIAL PHOTO

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PROPERTY PHOTO

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PROPERTY PHOTO



PRICING & FINANCIAL ANALYSIS

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OFFERING SUMMARY PROPERTY DESCRIPTION

Name Cooper Palms Sports Complex Address 110 Athletes Row

Apopka, FL 32703 Gross SF 104,860 Lot Size 5.09 +/- Acres Year Built 2015 Asset/ Location Class B Asset Type Sports Complex Parking 210 Spaces

PRICING & KEY METRICS

Sale Price $6,291,600

Down Payment 40% / $2,516,640 Price/ Gross SF $60.00

Financing Proposed New

FINANCING

Loan Amount $3,774,960

Interest Rate 4.50%

Amortization 25 Years

Debt Service $286,587

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ESTIMATE FOR AN ADDITIONAL MATCHING BUILDING TO SUBJECT Item Cost

Once the additional building is added, there would have to be additional land purchased for parking. The land to the east (Lot 8) along with Lot 7, which is located to the south are available (photo aerial shown on next page).

Extra Land (137,214 SF) at $5.00 $686,070

Paving $548,595

Building & Land (approx.) $4,334,665

Matching building to Subject $3,100,000

Rendering

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ADDITIONAL MATCHING BUILDING AERIAL PHOTO

Parking for projected matching building (2.08+/- ac).

Base for matching building will be constructed here

Additional Parking (1.07+/-ac)

Lot 8

Lot 7



AREA OVERVIEW

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STATE MAP

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REGIONAL MAP

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LOCAL MAP



DEMOGRAPHIC ANALYSIS

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DEMOGRAPHIC ANALYSIS 1 Mile 3 Miles 5 Miles 2000 Population 5,233 37,484 78,833 2010 Population 6,036 47,787 98,745 2014 Population 6,510 51,744 106,462 2019 Population 6,913 56,094 114,991

2000 Households 1,727 13,022 28,097 2010 Households 1,976 16,462 34,947 2014 Households 2,137 17,851 37,685 2019 Households 2,273 19,462 40,818

2014 Average Household Size 2.98 2.93 2.82 2014 Daytime Population 2,881 13,140 26,266

2000 Owner Occupied Housing Units 57.95% 71.21% 75.77% 2000 Renter Occupied Housing Units 36.44% 22.97% 18.57% 2000 Vacant 5.61% 5.82% 5.66%



$0 - $14,999 18.3% 13.4% 11.3% $15,000 - $24,999 14.8% 11.8% 11.2% $25,000 - $34,999 13.1% 13.3% 12.5% $35,000 - $49,999 16.8% 15.0% 14.8% $50,000 - $74,999 18.0% 19.8% 19.4% $75,000 - $99,999 9.7% 12.5% 12.5% $100,000 - $124,999 3.9% 6.4% 7.6% $125,000 - $149,999 2.7% 3.3% 4.1% $150,000 - $199,999 1.9% 2.5% 3.5% $200,000 - $249,999 0.4% 0.9% 1.3% $250,000+ 0.5% 1.3% 1.9%

2014 Median Household Income $39,120 $46,025 $50,285 2014 Per Capita Income $16,216 $21,252 $24,399 2014 Average Household Income $49,330 $61,471 $68,769

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DEMOGRAPHIC SUMMARY GEOGRAPHY: 5 miles POPULATION In 2014, the population in your selected geography is 106,462. The population has changed by 35.04% since 2000. It is estimated that the population in your area will be 114,991 five years from now, which represents a change of 8.01% from the current year. The current population is 48.73% male and 51.26% female. The median age of the population in your area is 38.0, compare this to the Entire US average which is 37.3. The population density in your area is 1,356.83 people per square mile. HOUSEHOLDS There are currently 37,684 households in your selected geography. The number of households has changed by 34.12% since 2000. It is estimated that the number of households in your area will be 40,817 five years from now, which represents a change of 8.31% from the current year. The average household size in your area is 2.81 persons. INCOME In 2014, the median household income for your selected geography is $50,285, compare this to the Entire US average which is currently $51,972. The median household income for your area has changed by 11.02% since 2000. It is estimated that the median household income in your area will be $58,498 five years from now, which represents a change of 16.33% from the current year. The current year per capita income in your area is $24,399, compare this to the Entire US average, which is $28,599. The current year average household income in your area is $68,769, compare this to the Entire US average which is $74,533. RACE & ETHNICITY The current year racial makeup of your selected area is as follows: 65.57% White, 20.73% Black, 0.07% Native American and 2.94% Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin make up 23.52% of the current year population in your selected area. Compare this to the Entire US average of 17.13%. HOUSING In 2000, there were 22,566 owner occupied housing units in your area and there were 5,530 renter occupied housing units in your area. The median rent at the time was $557. EMPLOYMENT In 2014, there are 26,265 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 62.50% of employees are employed in white-collar occupations in this geography, and 37.54% are employed in blue-collar occupations. In 2014, unemployment in this area is 5.71%. In 2000, the average time traveled to work was 30.6 minutes.

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POPULATION DENSITY MAP Low High

Low Less than 55

Below Average 55 475

Average 475 4,100

Above Average 4,100 35,000

High 35,000 Or more

Number of people living in a given area per square mile.

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EMPLOYMENT DENSITY MAP Low High

Low Less than 9

Below Average 9 96

Average 96 1,025

Above Average 1,025 10,875

High 10,875 Or more

Number of people employed in a given area per square mile.

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AVERAGE HOUSEHOLD INCOME MAP Low High

Low Less than $29,500

Below Average $29,500 $48,500

Average $48,500 $80,000

Above Average $80,000 $132,500

High $132,500 Or more

Average income of all the people 15 years and older occupying a single housing unit.

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TRAFFIC COUNTS



SALE COMPARABLES

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SALE COMP SUMMARY

Cooper Palms Sports Complex

1 4473 Shader Road

2 8751 Skinner Court Average Price per SF = 72.34

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SALE COMPARABLES COOPER PALMS SPORTS COMPLEX

Property Details

110 Athletes Row Apopka, FL 32703 Gross SF 104,860 Year Built 2015

Sale Details

Offering Price $6,291,600 Price/SF $60.00

Subject Photo

4473 SHADER ROAD

Comp Photo Property Details

4473 Shader Road Orlando, FL 32808 Close of Escrow 04/14/2016

Rentable SF 199,100

Year Built 2015

Occupancy 100%

Sale Details

Sale Price $14,030,800 Price/ SF $70.47

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SALE COMPARABLES 8751 SKINNER COURT

Property Details

8751 Skinner Court Orlando, FL 32824 Close of Escrow 01/04/2016

Rentable SF 125,775

Year Built 2008

Occupancy 100%

Sale Details

Sale Price $9,333,200 Price/SF $74.21

Subject Photo

Marcus & Millichap 300 South Orange Avenue, Suite 700 | Orlando, FL 32801

T 407.557.3800 | F 407.557.3810 www.marcusmillichap.com

OFFERING MEMORANDUM

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