3525 N 6TH STREETHARRISBURG, PA 17110

MULTI-TENANT FLEX BUILDING

11 TENANTS

I N V E S T M E N T O V E RV I E W

I N V E S T M E N T H I G H L I G H T S

A B O U T

SQUARE FEET 61,870

LAND 2.17 Acres

MUNICIPALITY Susquehanna

ZONING I-G

CONSTRUCTION Brick

BUILT/RENOVATED 1960/2017

CEILING HEIGHT 9'-19'

PARKING 82 Spaces

$ 2 , 3 0 0 , 0 0 0 PURCHASE PRICE

1

$37.17 PSF

9.30% CAP RATE

4

TYPE: FLEX MULTI-TENANT

2

61,870 SF

LEASE TYPES

3

GROSS

$214,269 NET OPERATING INCOME

5

11.5%Cash-on-Cash Return

6

Marcus & Millichap is pleased to exclusively market for sale 3525 N. 6th Street in Harrisburg, Pennsylvania. The acquisition of the subject property is a rare opportunity that presents a future owner access to a cash-flowing flex investment into the high-barrier-to-entry Harrisburg market at an extremely attractive cash-on-cash return.

The subject property boasts an ideal location situated along the capital beltway (I-83). The site is a 61,870 SF building sitting 2.17 Acres of land with excellent parking. Its construction is brick, with all new roof, mechanical, doors, and windows. Additionally, the building has ceiling heights ranging from 9'-19'.

P R O P E RT Y O V E RV I E W W H Y B U YS

L O C AT I O N M A P

• Recent & Extensive Capital Improvements Include Roof, HVAC, and Mechanical Upgrades and New Windows and Doors

• Double Digit In-Place Cash-On-Cash Return with Additional Value-Add

• Potential Net Operating Income Increase Through Tenant Procurement

• Strategic Harrisburg, PA Location Perfect for Local, Regional & National Tenants

R E N T R O L L

F I N A N C I A L S U M M A RYINCOME CURRENT PSF PRO FORMA PSF

Base Rental Revenue $284,032 $387,403 Potential Gross Income $284,032 $387,403

Vacancy Loss - ($27,118))

Effective Rental Income $284,032 $360,285

Gross Operating Income $284,032 $4.59 $360,285 $5.82

TENANTSQUARE

FEETPRO RATA

SHARELEASE COMM.

LEASE EXP.

MONTHLY RENT

ANNUAL RENT

RENT PSF

RENT INCREASES

OPTIONS

Alexander Building Construction 7,500 12% 3/1/2016 2/28/2021 $2,063 $24,750 $3.30 - Two; Three Year Options

Credential Leasing Corporation 2,946 5% 7/1/2006 6/30/2021 $2,456 $29,468 $10.00 2% Ann. -

Credential Leasing Corporation 1,099 2% 2/1/2016 6/30/2021 $670 $8,034 $7.31 - Three; Five Year

Fellowship Study Group 2,900 5% 11/1/2012 10/31/2020 $1,971 $23,649 $8.15 3% Ann. One; Three Year 3%

Ann. Increase

Mark Himes 1,480 2% 9/1/2015 8/31/2020 $705 $8,460 $5.72 - One; One Year

Center for Community Building 2,000 3% 9/15/2016 9/15/2018 $1,560 $18,720 $9.36 2% Ann. 30 Termination

John Medison Grace, LLC 750 1% 3/1/2017 2/28/2018 $700 $8,400 $11.20 - -

Mshar Powertrain Specialists 10,000 16% 11/1/2004 12/31/2019 $5,576 $66,912 $6.69 2% Ann. -

I-Deal Cars - N104 3,200 5% 9/1/2016 8/31/2018 $2,163 $25,956 $8.11 3% Ann. One; Two Year

Integrated Agriculture Sys. - N103 3,300 5% 9/22/2016 9/21/2018 $2,163 $25,956 $7.87 3% Ann. -

Tahar Auto Body Shop - N105 3,400 5% 9/1/2016 8/31/2019 $2,369 $28,428 $8.36 3% Ann. Two; Two Year

M. B. HVAC 1,700 3% 10/6/2017 10/5/2018 $15,300 $9.00 3% Ann. Two; One Year

Vacant 2nd Floor Office 5,070 8%

Vacant 1st Floor Office 1,905 3%

Vacant Warehouse 12,143 20%

EXPENSES

Maintenance

Cleaning $3,226 $3,323

Landscape Expense $1,235 $1,272

Snow Removal $400 $1,030

Supplies $751 $774

Trash Removal $2,766 $2,849

Total Maintenance $8,379 9,248

Utilities

Electric & Heat $20,800 $31,026

Gas $12,231 $18,244

Water $3,166 $4,722

Sewer $964 $1,438

Total Utilities $37,161 $55,430

Property Taxes $12,259 $0.20 $12,627 $0.20Insurance $3,444 $3,547

Management Fee 3% / $8,521 3% / $10,809

Total Expenses $69,764 $1.13 $91,660 $1.49Net Operating Income $214,269 $3.46 $268,624 $4.34

P R O F O R M A 11.7% CAP RATE | 19.2% CASH-ON-CASH RETURN

M A R K E T I N T E L L I G E N C E

SALES SURVEY 5-YR AVGSALE PRICE PSF $44 $58

ASKING PRICE PSF $87 $66

SALES VOLUME $103 $99

CAP RATE 9.3% 8.0%

INVENTORY SURVEY 5-YR AVGEXISTING BUILDINGS 1,285 1,278

EXISTING SF 26,942,876 36,886,651

12 MO. CONST. STARTS 102,702 21,670

UNDER CONSTRUCTION 202,702 13,932

12 MO. DELIVERIES 0 25,494

CONFIDENTIALITY AGREEMENTThe 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.

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.

THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express 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 is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. © 2017 NNLPG. All rights reserved.

Activity ID:

D E BT Q U O T E

W H O W E A R EDonovan Mackey Director, NNLPG Senior Associate, M&M 215.531.7035 donovan@nnlpg.com PA AB065636

Dan Vilotti Associate 215.531.7083 dan@nnlpg.comPA RS323421

Anthony Venditti Associate215.531.7078 aj@nnlpg.comPA RS336955

Joseph Batres Associate 215.531.7054 joseph@nnlpg.comDE RS0024356

BROKER OF RECORD

Mark Taylor Senior Managing Director Investments Director, NNLPG2005 Market Street, Suite 1510 Philadelphia, PA 19103215.531.7063 mark.taylor@marcusmillichap.com mark@nnlpg.com RM423708

Anna Clay Marketing Coordinator215.531.7057 anna@nnlpg.com

Alec Beckman Associate 215.531.7039 alec@nnlpg.comPA RS340824

Source: Costar Analytics

HARRISBURG MSA

Marcus & Millichap • Philadelphia, PA • 215.531.7000 • RB062197C • www.nnlpg.com • www.marcusmillichap.com

M O S T C O M PA R A B L E T R A D E S4391 CHAMBERS HILL RD. Harrisburg, PA 17111

Rentable SF 52,787

Price $2,068,976

Price PSF $39.19

Sale Date September 2017

4415 LEWIS ROAD Harrisburg, PA 17111

Rentable SF 37,000

Price $1,475,000

Price PSF $39.86

COE April 2017

931 DANA DRIVE Harrisburg, PA 17109

Rentable SF 54,375

Price $2,218,500

Price PSF $40.80

COE November 2016

FINANCING*LOAN TO VALUE 65%

INTEREST RATE 5-6%

TERM 5 Years - Fixed

AMORTIZATION 25 Years

*Loan information is time sensitive and subject to change. Contact your local Marcus & Millichap Capital Corporation representative.

BOB BECKMAN, Director of FinanceMarcus & Millichap Capital Corp. • Wynnewood, PA 215.531.7034 • bob.beckman@marcusmillichap.com