CONFIDENTIAL OFFERING MEMORANDUM

705 PLEASANT STREETLEE, MASSACHUSETTS

DISCLAIMERThis Offering Memorandum is being provided for the sole purpose of providing a potential investor or other

buyer sufficient information to determine if they are interested in pursuing discussions regarding a purchase or

other transaction involving this Property.

Any potential investor is encouraged to perform their own analysis, inspection and examination of the Property

and shall rely solely on those examinations and analyses to determine their course of action, and shall not rely on

this Offering Memornadum or any other materials, statement or information contained herein of otherwise

provided.

Neither Stone House Properties, LLC, nor any of its owners, directors, officers, employees and agents (Sales

Agents), nor the Property owner, its partners, shareholders, property managers or employees, make any

representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this

Offering Memorandum or the Property including any, materials, statements (including financial statements and

projections) or information contained herein or related thereto, or as to the accuracy or completeneness of such

materials, statement or information, or as to the condition, quality or fitness of the Property, or assumes any

responsibility with repect thereto. Such materiels, statements and information have in many circumstances

been derived or obtained from outside sources and have not been tested or verified. Projections, in particular, are

based on various assumptions and subjective determinations as to which no guarantee or assurance can be

given.

Without limiting the foregoing, in the event that this Offering Memorandum contains information relating to

asbestos or any other hazardous, toxic or dangerous chemical, item, waste or substance (Hazardous Materials) in

relation to the Property, such information shall in no way be construed as creating any warranties or

representations, express or implied, by operation of law or otherwise, by Brokers or the Owner, as to the

existence or nonexistence or nature of Hazardous Materials in, under, on or around this Property.

This Offering Memornadum is provided subject to errors, omissions, prior sale or lease, change of price or terms

and ohter changes to the materials, statements and information contained hereine or relating to this Property,

and is subject to withdrawal, all without notice. The contents hereof are confidential and are not to be

reproduced or distributed to any person or entitiy without the prior written consent of Agents or to be used for

any purpose other than the initial evaluation of this Property as indicated above.

TABLE OF CONTENTSLOCATIONOVERVIEWBUILDING INTERIOR SPECIFICATIONSBUILDING & SYSTEMS DATAFLOOR PLANPLOT PLANASSESSOR’S AERIAL MAPOFFICE SPACE INFORMATIONEXTRACT OF ZONING BYLAWCOMPARABLE SALES INFORMATIONPRICINGCONTACT INFORMATION

LOCATION

PROPERTY

MASS PIKE I-90

1.35 miles to entrance to I-90

Stone House Properties, LLC - Commercial IndustrialDivision, as the exclusive agent for the owners, is pleasedto present 705 Pleasant Street (the “Property”) a 110,910square foot combined distribution warehouse and officespace located on a magnificent 39 acre campus in Lee,Berkshire County, Massachusetts. The Property is locatedless than one and one-half miles from the MassachusettsTurnpike’s Exit 2 (I-90).

Impeccably maintained, the Property will be available foroccupancy starting in January, 2018. Major highwaysconnect this site to NYC (155 miles - 3 hours); Boston (125miles - 2 hours); Hartford (70 miles - 1.1 hours); Albany (46miles - 46 minutes).

Built in phases starting in 1981, with additions dating from1986 and 2002. Substantial racking, conveyor and otherfixtures are available but not included in the sale price.Theproperty has been both a corporate headquarters as well asa distribution center for an internationally known company.

This is a unique and excellent opportunity for a growingcompany to obtain prime real estate and building in an areathat has trained, motivated and experienced employeesavailable.

OVERVIEW

Nearby Industries include:Onyx Paper

CintasBoyd Technologies

Berkshire Sterile ManufacturingOraceutical

Berkshire EngineeringBerkshire Wireless

Ray Murray Inc.

BUILDING INTERIOR SPECIFICATIONS

NEWEST WAREHOUSE AREA34 FOOT CLEAR HEIGHT

AREA OF ~ 40,430 SQUARE FEETCOLUMN SPACING 43’ X 30’

NEWLY INSTALLED LED ENERGY EFFICIENT LIGHTING THROUGHOUT8 LOADING DOCKS (7 10x10; 1 10x12)LEVELERS AT ALL LOADING DOCKS

CONVEYOR SYSTEM AT 2 DOCKS

ORIGINAL WAREHOUSE AREA~48,815 SQUARE FEET

24 FOOT CLEAR HEIGHTCOLUMN SPACING 28’ X 30’ PLUS MEZZANINE AREAS

TOTALING ABOUT 12,840 SQUARE FEET150 LBS / SF UNIFORM DISTRIBUTED LOAD

2,000 LB CAPACITY FREIGHT ELEVATORCOLUMN SPACING UNDER MEZZANINES

IS ABOUT 17’ X 18’3 LOADING DOCKS 8X8 WITH LEVELERS

ORIGINAL WAREHOUSE AREAFREIGHT ELEVATOR

2,000 POUND CAPACITY TOMEZZANINE AREAS WITH150 LB/SF DISTRIBUTED

LOAD CAPACITY

BUILDING AND SYSTEMS DATAADDRESS 705 Pleasant St., Lee, MA 01238AREA 89,245 SF Warehouse, 21,665 SF Office, 12,840 SF MezzanineOCCUPANCY Will be vacant as of January 1, 2018LAND AREA 39 acres +/-ZONING Town of Lee, Massachusetts - Industrial Zoning District - see attached extract for detailsYEAR BUILT 1981YEARS EXPANDED / RENOVATED 1986 & 2002CLEAR HEIGHTS 24’ (~48,815 Sq’), 34’ (~40,430 Sq’) LOADING DOCKS Newer Warehouse area; 10 X 10, 10 X 12; Levelers

Older Warehouse area; 8 x 8; LevelersDRIVE IN DOORS NoneCOLUMN SPACING Newer Area 43’ X 30’, Original 28’ X 30’SPRINKLERS ESFR high output sprinkler headsLIGHTING LED’s throughout, installed in 2017CONVEYOR SYSTEM Manufacturer - Maybury; Installed by - Abel Womack; serves 2 loading doorsMEZZANINE AREA ~12,840 SF, 150 LB/SF Distributed Load Capacity; 2,000 LB capacity freight elevatorELECTRIC SUPPLY 1600 Amps; 120/208 Volts; Phase PS3GAS SUPPLY CAPACITY Meter Model #11H175; 11,000 CFM; 175 PSIG; 1200 KPAWATER SUPPLY CAPACITY 6” 90 PSI Static; 65 PSI ResidualROOF TYPES & WARRANTIES New Warehouse - 2008 Installed Bare Galvalume by Star - Warrantied until 2028

Older Warehouse - 1997 Membrane, 70M, SD CarruthersPV SYSTEM INFORMATION Installed 2010 - 714 Panels; 141 KW DC; 145,526 KWH/yrIT INFRASTRUCTURE Fiber, T-1, Cable & DSL all wired into buildingCALL CENTER Located on Second Floor, stations for over 20 customer service representatives

GROUND FLOOR PLAN OF 705 PLEASANT STREET WAREHOUSE, OFFICES AND DISTRIBUTION CENTER

PLOT PLAN: 705 PLEASANT STREET, LEE, MA 01238

OFFICE, CALL CENTER AND OTHER SPACE INFORMATION

The building includes about 21,665 square feet that is set aside for office andother uses. There are 27 offices, 3 conference rooms, open floor area for sales orcubicles, a spacious lunch room, fitness room, library, mail room and nurse’s office.There is a substantial call center on the second floor above the main offices withstations for over 20 customer service representatives. The floor area for the call centeris not included in the 21,665 square foot office area computation.

INDUSTRIAL ZONING IN LEE, MASSACHUSETTS Page 1 of 2

EXTRACT OF ZONING BYLAW, TOWN OF LEE, MASSACHUSETTS

Section 199-4 Revised November 2015 Section 4. USE REGULATIONS

4.1 USE REGULATIONS

A) No building or structure or land or part thereof shall be used for any purpose or in any manner other than for one or more of the uses hereinafter set forth in the List of Permitted Uses as permitted in the district in which such building, structure or land is located or set forth in the List of Permitted Uses as permissible by special permit in said district and so authorized.

4.2 LIST OF PERMITTED USES J) Industrial District (I)

(1) Uses allowed by-right: (a) Any manufacturing or industrial use, including processing, fabrication and assembly, provided that no such use shall be permitted which would be detrimental or offensive or tend to reduce values in the same or adjoining districts by reason of dirt, odor, fumes, smoke, gas, sewage, refuse, noise, excessive vibration or danger of explosion or fire. (See Environmental and Performance Standards, Section 12.) (b) Accessory uses and structures customary to the preceding uses.

(2) Uses allowed under site plan review by the Planning Board in accordance with Section 13.3: (a) Business offices, excluding retail, but including the following:

(i) Financial. (ii) Insurance. (iii) Engineering, development and management. (iv) Publishing and data processing. (v) Telecommunication (subject to provisions of the telecommunications bylaws.) (vi) Environmental. (vii) Real Estate. (viii) Legal (ix) Medical and Dental Services. (x) Social Services. (xi) Educational Services.

INDUSTRIAL ZONING IN LEE, MASSACHUSETTS Page 2 of 2

(xii) Motor Vehicle Repairs (xiii) Leasing of building space for commercial purposes inside an existing commercial facility.

(b) Retail sale of products manufactured, assembled or processed on site or product associated therewith. The retail space shall not exceed 20% of the total floor area. (c) Laboratories for the purpose of conducting research, or providing medical, dental and technical services, including offices accessory to these activities. (d) Distribution of commercial and industrial supplies and wholesale trade (except motor vehicles) provided that the space dedicated to storage of the product shall not exceed 70% of the total floor area and the total floor area does not exceed 100,000 square feet. (e) Uses permitted by MGL C. 40A, Section 3, such as public and private nonprofit religious and educational institutions. (f) Municipal use. (g) Accessory uses and structures customary to the preceding uses.

(3) Uses requiring a special permit from the Planning board in accordance with Section 13.4 of this chapter, and in compliance with all other applicable provisions of this chapter, shall be as follows:

(a) Outside storage of materials not used in the manufacturing process may be allowed by special permit of the Planning Board b) Adult uses, as regulated in Section 9.4 of this chapter

(4) Uses requiring a special permit from the Planning Board as part of re-use of existing structures, in accordance with Section 13.4 of this chapter, and in compliance with all other applicable provisions of this chapter, shall be as follows:

(a) Retail. (b) Apartments, lofts or other residential uses. (c) Warehousing (d) Hotel/conference center. (e) Restaurant (f) New construction of facilities exceeding 100,000 square feet in floor space, where the facility will be used for distribution of commercial and industrial supplies and wholesale trade (except motor vehicles), provided that the space dedicated to storage of product shall not exceed 70% of the total floor area. (g) Accessory uses and structures customary to the preceding uses. (h) In cases of special permits for building re-uses noted above, the special permit granting authority may authorize alteration or expansion of the existing building.

SIMILAR PROPERTIES IN BROAD MARKET AREA THAT ARE CURRENTLY ON THE MARKET (SORTED BY $ / SF)Street City State Zip Asking Price Sq Feet Lot Size Price / SF

14 Industrial Drive West South Deerfield MA 01373 $4,250,000 137,200 9.60 AC $30.98 30 Franklin R. McKay Road Attleboro MA 02702 $2,995,000 88,625 4.60 AC $33.79 5-9 Latti Farm Rd. Millbury MA 01527 $7,200,000 178,000 37.86 AC $40.45 88 Huntoon Memorial Pkwy Leicester MA 01524 $7,995,000 180,000 25.85 AC $44.42 577 Main St. Hudson MA 01749 $8,650,000 167,846 16.05 AC $51.54 1 Kiddie Drive Avon MA 02322 $8,000,000 127,000 7.05 AC $62.99 2 Great Pasture Road Danbury CT 06810 $8,500,000 114,972 15.57 AC $73.93 30 Commerce Blvd Middleboro MA 02346 $11,000,000 132,298 17.4 AC $83.15

SIMILAR PROPERTIES IN BROAD MARKET AREA THAT HAVE SOLD SINCE OCTOBER 2009 (SORTED BY DATE SOLD)Street City State Zip Sold Price Sq Feet Lot Size Price / SF Date Sold

70 Turnpike Industrial Rd. Westfield MA 01085 $3,612,500 237,254 30.00 AC $15.23 8/14/17101 Almgren Dr. Agawam MA 01001 $6,375,000 187,840 14.69 AC $33.94 4/3/1784 Westover Road Ludlow MA 01056 $2,000,000 60,244 9.24 AC $33.20 10/31/16102 1st Ave. Chicopee MA 01020 $2,325,000 80,000 4.18 AC $29.06 4/13/16100 Brookdale Drive Springfield MA 01104 $3,000,000 239,000 17.00 AC $12.55 7/17/1587 Avocado St. Springfield MA 01104 $1,750,000 69,280 5.05 AC $25.26 12/29/14400 Cadwell Dr. Springfield MA 01104 $1,425,000 48,400 5.34 AC $29.44 9/10/1445 Industrial Drive East Longmeadow MA 01028 $1,850,000 81,040 7.99 AC $22.83 7/30/141227 Union St. Ext. West Springfield MA 01089 $3,000,000 106,850 4.00 AC $28.08 5/2/1435 Industrial Drive East Longmeadow MA 01028 $2,050,000 125,880 7.55 AC $16.29 12/10/13492 Prospect Ave. West Springfield MA 01089 $3,250,000 87,464 6.00 AC $37.16 8/14/1366 Ampad Rd. Wesfield MA 01085 $3,350,000 105,408 41.06 AC $31.78 7/1/13270 Main St. Agawam MA 01001 $700,000 113,696 9.39 AC $6.16 1/31/13180 Avocado St. Springfield MA 01104 $3,000,000 125,320 7.00 AC $23.94 1/23/1357 Almgren Srive Agawam MA 01001 $2,490,000 93,650 13.45 AC $26.59 8/29/12609 Silver St. Agawam MA 01001 $1,250,000 94,840 17.49 AC $13.18 2/29/127 Binghamton Street Albany NY 12207 $1,000,000 80,000 4.02 AC $12.50 3/31/10875 S. Pearl St Albany NY 12202 $2,800,000 90,240 7.10 AC $31.03 3/16/1010 Jupiter Lane Albany NY 12205 $3,750,000 138,105 9.80 AC $27.15 10/2/09

COMPARABLE SALES INFORMATION

PRICINGAPPROXIMATE AREAS: ORIGINAL WAREHOUSE 48,815 SF(Based on measurements NEWER WAREHOUSE 40,430 SFtaken off blueprints) OFFICE 21,665 SF

TOTAL 110,910 SF

ADDITIONAL MEZZANINE AREAS:MEZZANINE 1 (SHIPPING) 10,180 SFMEZZANINE 2 (STORAGE) 2,660 SFTOTAL 12,840 SF

LAND: (per Assessor) 39.0 ACRES

OFFERING PRICE $3,500,000.00$28.28 / SF with Mezzanine Areas included$31.56 / SF without Mezzanine Areas included

Rich Aldrich Tony Blairrich.aldrich01238@gmail.com tonyblair@att.net413-243-1739 413-329-3879

www.berkshirecommercialproperties.com

CONTACT INFORMATION:

Property is in excellent condition throughout. Meticulously maintained both inside and out. 21-E Phase 1 report will be available to interested parties upon return of signed

Confidentiality and Non-Disclosure Agreement.Engineering report and property assessment will also be available shortly.For further information or to arrange a site visit, please contact either Rich Aldrich or Tony Blair using the contact information listed below.