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REGUS FORT PIERCEFour Office Spaces For Sale | 8,600 SF

130-140 S Indian River DrFort Pierce, FL 34950

Offering Memorandum

New Listings Posted Daily at FranklinSt.com

Occupied By Strong National Tenant

Visit Us at FranklinSt.com

EXCLUSIVELY LISTED BY

MICHAEL MANDELSENIOR [email protected]

GREG MATUSSVP, INVESTMENT [email protected]

REGUS FORT PIERCE | FORT PIERCE, FL 34950 | OFFERING MEMORANDUM 3

Disclaimer: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however,Franklin Street has not verified, and will not verify, any of the information contained herein. All potential buyers must take appropriatemeasures to verify all of the information set through the due diligence period.

7,200 VPDTravel daily along 140 S Indian River D

182,204 RESIDENTSWithin 15 minutes of the property

OFFERING HIGHLIGHTS

Not all pictures are from Franklin Street. No copyright infringement intended.

NET OPERATING INCOME: $83,599.00

LAND AREA: 1.25 ACRES

TOTAL OFFICE SPACE SIZE: 8,600 SF

YEAR BUILT: 2008

ZONING: C-4

PARCEL NUMBER: 24-10-511-0002-0008

OCCUPANCY: 100.0%

TENANCY: MULTIPLE

PRICE: $1,800,000

CAP RATE: 4.64%

130-140 S Indian River Dr, Fort Pierce, FL 34950


INVESTMENT HIGHLIGHTS

• Minimal Landlord Responsibility

• Fully Leased for 10 Years

• 1.5% Annual Escalations

• Historic Downtown Location

• Strong Tenant

Franklin Street is proud to present Regus Fort Pierce. The offering contains 4 fullylease office condos (Units 202,203,204,303) plus 6 parking spaces comprising atotal of 8,600 square feet within the Renaissance Financial tower. The Class A toweroverlooks the historic downtown city of Ft. Pierce, St Lucie County Clerk of the CircuitCourt, Ft. Pierce Marina, and the Indian River. Within it's lease Regus coverselectrical, Janitorial, and HVAC while Landlord covers HOA fees and Taxes. The fulllease term is also accompanied by two 5 year options to renew. This presents aunique opportunity for an investor to add a stable income steam for at least the next10 years within a Class A building in a Class A Location.

INVESTMENT SUMMARY


SITE PLAN


ACTUAL PROPERTY PHOTOS


LOCATION OVERVIEW

FORT PIERCE, FL

Located in southeastern Florida, about 120 miles south of Orlando and 60 miles north of West PalmBeach, lies within a four county region, referred to as the Treasure Coast. The Treasure Coast benefitsfrom convenient transportation access to I-95 and Florida’s Turnpike, rail, seaports, Treasure CoastInternational Airport, a designated U.S. Customs port of entry, anddirect global air access through multiple international airports. The area brings in over 12 million visitorsannually. Primary cities within the region include Fort Pierce, Port St. Lucie, Stuart and Vero Beach. St.Lucie County boasts a population of nearly 300,000 while the overall the Treasure Coast region stands atover 640,000.


REGIONAL & LOCAL MAP


AREA DEMOGRAPHICS

1 MILE 5 MILES 10 MILES

POPULATION

Total population 4,252 65,163 161,409

Median age 36.0 36.6 42.8

Median age (Male) 36.8 34.4 41.2

Median age (Female) 33.5 37.4 43.8

HOUSEHOLDS & INCOME

Total households 1,489 23,333 62,824

# of persons per HH 2.9 2.8 2.6

Average HH income $38,188 $46,164 $54,392

Average house value $158,263 $211,031 $208,521

* Demographic data derived from 2010 US Census


DRIVE TIME DEMOGRAPHICS

5 MIN 10 MIN 15 MIN

POPULATION

Estimated Population (2018) 49,412 83,636 182,204

Projected Population (2023) 56,561 94,586 204,885

Census Population (2010) 44,917 76,029 163,540

HOUSEHOLDS

Estimated Households (2018) 18,053 32,030 72,565

Projected Households (2023) 19,118 33,559 75,681

Census Households (2010) 16,504 29,339 65,720

HOUSEHOLD INCOMES

Estimated Average Household Income (2018) $42,935 $52,705 $61,196

Estimated Median Household Income (2018) $30,459 $37,970 $46,236

Estimated Average Household Net Worth (2018) $221,087 $292,773 $341,236


Demised Premises8,600 SF Comprised Of Four Office Condos

Lease Term / Remaining Renewal Option (s)10 Year / 2 Remaining Renewal Options

Increases1.5% Annual

# Of Locations / 2017 Employees / 2017 Revenue / Website2,269 Locations / 8,800 Employees / 1.9 Billion Revenue / www.Regus.com

About RegusRegus is the global workplace provider. Its network of more than 2,200 business centers in over 100 countries providesconvenient, high-quality, fully serviced spaces for people to work, whether for a few minutes or a few years. Companies likeGoogle, Toshiba and GlaxoSmithKline choose Regus so that they can work flexibly and make their businesses more successful. Thekey to flexible working is convenience, so Regus is opening wherever its 1.5 million members want support – city centers,suburban districts, shopping centers and retail outlets, railway stations, motorway service stations and even community centers.For several years now, the pressure on businesses of every size in every sector and every country has been to manage risk,maximize their financial resources, and increase their flexibility to accommodate growth and adapt to market changes. With smallbusinesses or start-ups, survival and viability often depend on effective control of overheads. For companies such as these,Regus provides all the services and facilities they need with none of the fixed costs. Regus has followed a “right place, right time”strategy, selecting buildings in prime locations in city centers, central business districts or business parks with good transportlinks or, more recently, moving into residential areas closer to where people live. The world of work continues to evolve, driven bystructural changes in how, where and when people work. People are increasingly working in more diverse locations, at differenttimes and in different ways. Organizations are finding it more difficult than ever to respond to these challenges and adequatelysupport an increasingly mobile workforce. As a result, they are increasingly turning to specialist providers such as Regus.Founded in Brussels, Belgium in 1989, Regus is based in Luxembourg and listed on the London Stock Exchange (RGU.L). Thecompany has changed enormously in its 22 years of existence, but only in terms of the products and services it offers to itscustomers, three-quarters of whom are now flexible, mobile workers.

Base Rent Lease Years Per SF Annual

Primary Term 1 20 $172,000

Primary Term 2 20.30 $174,580

Primary Term 3 20.60 $177,198

Primary Term 4 20.91 $179,856

Primary Term 5 21.23 $182,554

Primary Term 6 21.55 $185,292

Primary Term 7 21.87 $188,072

Primary Term 8 22.20 $190,893

Primary Term 9 22.53 $193,756

Primary Term 10 22.89 $196,663

Option Rent Lease Years Per SF Annual

1st Renewal Term 11-to-TBD TBD TBD

2nd Renewal Term TBD-to-TBD TBD TBD

LEASE ABSTRACT


CURRENT CURRENT CURRENTINCOME TOTAL PER SF PERCENTBase Rent $172,000 $20.00 100%

GROSS POTENTIAL INCOME $172,000 $20.00Vacancy Cost (-) $0 $0.00 0%

EFFECTIVE GROSS INCOME $172,000 $20.00

EXPENSES TOTAL PER SF PERCENTHOA $39,318 $4.57 58%Taxes $28,248 $3.28 42%

TOTAL EXPENSES $67,566 $7.86

NET OPERATING INCOME (NOI) $83,599 $9.72

REGUS FORT PIERCE130-140 S Indian River DrFort Pierce, FL 34950

PRICE: $1,800,000

CAP RATE: 4.64%


PRICE PER SF: $209.30

TENANCY: MULTIPLE


YEAR BUILT: 2008

OCCUPANCY: 100.0%

INCOME & EXPENSES


REGUS FORT PIERCE130-140 S Indian River DrFort Pierce, FL 34950

PRICE: $1,800,000

CAP RATE: 4.64%


PRICE PER SF: $209.30

TENANCY: MULTIPLE


YEAR BUILT: 2008

OCCUPANCY: 100.0%

SUITE TENANT SF LEASE BEGIN LEASEEXPIRATION RENT PSF ANNUAL BASE

RENT

202 Regus 2,150 08/01/18 07/31/28 $20.00 $43,000

203 Regus 2,150 08/01/18 07/31/28 $20.00 $43,000

204 Regus 2,150 08/01/18 07/31/28 $20.00 $43,000

303 Regus 2,150 08/01/18 07/31/28 $20.00 $43,000

TOTALS/AVERAGES 8,600 $20.00 $172,000

Comments: Regus will collect $2,763.93 per month in TI allowance to equate to $33,000 per year.

RENT ROLL


SUBJECT PROPERTY130-140 S Indian River Dr | Fort Pierce, FL 34950

1 440 SE OSCEOLA STStuart, FL34994

2 KEY EXECUTIVE PLAZA1940-1962 SE Port St Lucie BlvdPort Saint Lucie, FL 34952

3 145 NW CENTRAL PARK PLZPort Saint Lucie, FL34986

SALE COMPS MAP


SUBJECT PROPERTY130-140 S Indian River Dr | Fort Pierce, FL 34950

$1,800,000Sale Price: 1.25 ACLot Size: 2008Year Built:

8,600 SFBuilding SF: $209.30Price PSF: 4No. Units:

$450,000Price / Unit: 100.0%Occupancy: 4.64%CAP:

$83,599NOI:

1

440 SE OSCEOLA STStuart, FL 34994

$950,000Sale Price: 0.31 ACLot Size: 1981Year Built:

5,800 SFBuilding SF: $163.79Price PSF: 5.58%CAP:

01/14/2019Sale Date: 100%Occupancy:

1

2

KEY EXECUTIVE PLAZA1940-1962 SE Port St Lucie Blvd | Port Saint Lucie, FL 34952




2

SALE COMPS


3

145 NW CENTRAL PARK PLZPort Saint Lucie, FL 34986




3

SALE COMPS


1

2

3

LOCATION PRICE BLDG SF PRICE/SF CAP # OF UNITS

Regus Fort Pierce130-140 S Indian River DrFort Pierce, FL 34950

$1,800,000 8,600 SF $209.30 4.64% 4

LOCATION PRICE BLDG SF PRICE/SF CAP # OF UNITS SALE DATE

440 SE Osceola StStuart, FL34994

$950,000 5,800 SF $163.79 5.58% 2 01/14/2019

Key Executive Plaza1940-1962 SE Port St Lucie BlvdPort Saint Lucie, FL 34952

$1,700,000 12,036 SF $141.24 6.5% 15 05/04/2018

145 NW Central Park PlzPort Saint Lucie, FL34986

$1,500,000 15,995 SF $93.78 4.67% 11 01/16/2018

PRICE BLDG SF PRICE/SF CAP # OF UNITS SALE DATE

Totals/Averages $6,483,333 8,918 SF $132.94 5.58% -

SALE COMPS SUMMARY

TENANTREPRESENTATION

INVESTMENTSALES

INSURANCESERVICES

CAPITALADVISORS

PROPERTYMANAGEMENT

PROJECTMANAGEMENT

TAILOREDTO OUR

CLIENT NEEDSLANDLORD

REPRESENTATION

FACILITIESMANAGEMENT

Franklin Street is prepared to support and surpass your financial and real estate objectives with our Capital Advisory, Investment Sales, Insurance Services, Landlord Representation, Tenant Representation, Project Management & our Property and Facilities Management teams. Nationwide, our southeast based firm is maximizing client success through our collaborative platform — an industry leader, creating tailored solutions for your Commercial Real Estate needs.

COLLABORATIONINTEGRITY

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OUR LOCATIONS

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MICHAEL MANDELSENIOR [email protected]

GREG MATUSSVP, INVESTMENT [email protected]

CONTACT US

FRANKLINST.COM

New Listings Posted Daily atCOLLABORATIONINTEGRITYHARD WORKACCOUNTABILITY

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