COLD STORAGE WAREHOUSE FOR SALE · COLD STORAGE WAREHOUSE FOR SALE 14343 N KELLY AVENUE, EDMOND, OK...

COLD STORAGE WAREHOUSE FOR SALE14343 N KELLY AVENUE, EDMOND, OK

KRIS DAVIS, SIORSenior Vice PresidentT 405.286.6153C [email protected]

BRETT PRICE, CCIM, SIORSenior Vice PresidentT 405.606.7153C [email protected]

SCOTT DELPHEYFounderFood Properties GroupT [email protected]

All materials and information received or derived from Newmark Grubb Levy Strange Beffort its directors, officers, agents, advisors,affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy,condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability,financial performance of the property, projected financial performance of the property for any party’s intended use or any and all othermatters.

Neither Newmark Grubb Levy Strange Beffort its directors, officers, agents, advisors, or affiliates makes any representation or warranty,express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials andinformation from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conductof its own due diligence to determine these and other matters of significance to such party. Newmark Grubb Levy Strange Beffort will notinvestigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their owninspections and investigations including through appropriate third party independent professionals selected by such party. All financialdata should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriateindependent professionals. Newmark Grubb Levy Strange Beffort makes no warranties and/or representations regarding the veracity,completeness, or relevance of any financial data or assumptions. Newmark Grubb Levy Strange Beffort does not serve as a financialadvisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that usedfor financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents thatmay be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate anyapplicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determinerents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified publicaccountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding thecondition of the property and whether the property complies with applicable governmental requirements should be discussed by the partywith appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services aremarketed by Newmark Grubb Levy Strange Beffort in compliance with all applicable fair housing and equal opportunity laws.

COLD STORAGE WAREHOUSE FOR SALE14343 N. KELLY AVENUE, EDMOND, OK

CONFIDENTIALITY/DISCLAIMER

TULSA OFFICE2021 S. Lewis, Suite 410Tulsa, OK 74104918-481-3200www.newmarklsb.com

OKLAHOMA CITY204 N. Robinson, Suite 700Oklahoma City, OK 73102405-840-1500

PROPOSAL FOR COMMERCIAL SERVICES

TULSA OFFICE2021 S. Lewis, Suite 410Tulsa, OK 74104918-481-3200

1. PROPERTY INFORMATION 4

Executive Summary 5

Property Photos 6

Floor Plan 11

Survey 12

2. LOCATION INFORMATION 13

Regional Map 14

Location Maps 15

Aerial Maps 16

3. MARKET OVERVIEW 18

4. ADVISOR BIOS 30

Brett Price, CCIM, SIOR 31

Kris Davis, SIOR 32

TABLE OF CONTENTS

www.newmarklsb.com

14343 N. KELLY AVENUE, EDMOND, OK

OKLAHOMA CITY204 N. Robinson, Suite 700Oklahoma City, OK 73102405-840-1500


SECTION 1

PROPERTY INFORMATION

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This property offers approximately 37,044 square feet of cold storage warehouse spaceconsisting of freezer and blast freezer space. It is located less than 1.5 miles north ofthe I-235 (Broadway Extension) and Kilpatrick Turnpike interchange. Neighboringtenants include Pepsi Bottling, Purina, Fed Ex and Ben E Keith.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Freezer (-10°): 27,604 SF ±• Refrigerated Dock (40°): 8,373 SF ±• Blast Freezer (-20°): 1,067 SF ±• Office/Break Room/Restroom: 17,828 SF ±• Electrical Room: 873 SF ±• Battery Charging: 1,986 SF ±• 125' truck court• 17 trailer parks• 103 car parks

OFFERING SUMMARY

Sale Price: $5,100,000

Building Size: 57,733 SF ±

Price / SF: $88.34

Lot Size: 22 Acres

Grade Level Doors: 1

Dock High Doors: 11

Ceiling Height: 28' - 33'

Year Built: 2001

Zoning: I-2

Market: Oklahoma City

Submarket: North

Cross Streets N Kelly Ave. &E Memorial Rd.


SECTION 1. PROPERTY INFORMATION

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SECTION 2

LOCATION INFORMATION

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SECTION 2. LOCATION INFORMATION

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SECTION 3

MARKET OVERVIEW

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Market OverviewWith a population of approximately 630,000, Oklahoma City is a sprawling state capital encompassing more than 620 square miles—the country’s third-largest city in terms of area. Oklahoma City is the seat of Oklahoma County and one of the larger cit-ies in the Great Plains region, as well as the nation’s 29th largest city in population. The Greater Oklahoma City Metro Area includes 10 counties and nearly 1.4 million people.

Thanks to a citywide revitalization ef-fort, downtown Oklahoma City boasts the Bricktown Entertainment District, one of the fastest-growing entertainment districts in the region and one of the most popular destina-tions in the state. Bricktown is home to doz-ens of restaurants, dance clubs, live music venues, upscale retail shops and offices. The $45 million state-of-the-art Riversport Rapids Whitewater Rafting and Kayaking Center, located just south of Bricktown, is one of the biggest rafting facilities in the world. The center opened in the summer of 2016 and is home to the U.S. Olympic kayak and canoe team.

The metro area boasts varied terrain, abun-dant recreation, and a plethora of arts and entertainment venues. The “live, work, play” lifestyle is gaining momentum throughout many downtown districts, as evident by the increase of mixed-use facility buildings that combine retail, entertainment, office and residential space to provide a little bit of everything for their residents. A couple of mixed-use projects include the First National Center in the CBD and The Steelyard in Bricktown.

Oklahoma City is also home to the Myriad Botanical Gardens, the Oklahoma City National Memorial, and the OKC Museum of Art. The area further benefits from Devon Energy’s $750 million headquarters, com-pleted in early 2012, bringing nearly 2,500 employees and contractors to the area. The 700,000 square foot BOK Park Plaza is the newest downtown office tower, scheduled to be completed in 2017. Devon Energy and Bank of Oklahoma will be the anchor tenants with retail on the first floor. In 2009, voters approved a $777 million initiative that will bring a new urban park, convention center, streetcar line, and other projects to the city, generating an estimated 25,000 new jobs. The $288 million Oklahoma Convention Center is set to open in 2020 and contain 275,000 square feet of exhibition halls and meeting rooms.

The overwhelming popularity of the NBA Thunder has also had a tremendous impact on economic development. City officials es-timate the team’s economic impact at $1.5 million per game and over $64 million per season. The figure is sometimes criticized as too low since it does not include employ-ment at the arena, restaurants and hotels that can be attributed to the games. It also does not calculate the impact of national and international positive coverage for the city.

In January 2017, the city’s unemployment rate was 4.1%, in the top ten lowest rates among large metro areas (over one million population.) The Oklahoma City MSA has been among the 25 lowest unemployment large metros for six years.

“Since 1999, the number of Californians departing the Golden State

for Oklahoma has outnumbered those going the opposite direction

by more than 21,000… The influx of Californians is a sign of Oklahoma’s

growing economic prowess.” USA Today

Oklahoma City has earned a number of recent accolades for its economic strength and quality of life, including:

SmartAsset, April 2017 OKC ranked No. 2 in “Best Cities” for First-Time Homebuyers in 2017.

Demographia, January 2017 OKC is in the top-ten major markets for housing affordability.

WalletHub, January 2017 OKC in top ten among large cities for recession recovery.

Forbes, December 2016 OKC is one of the top metros for wage growth over the past decade.

Fraser Institute, December 2016 Oklahoma Ranks No. 1 for oil and gas investment worldwide.

Global Trade, November 2016 What are the best cities for workforce? OKC earns high marks.

USA Today, October 2016 OKC is Tops Among Tourists.

CNBC, August 2016 OKC among the top cities rebounding from the Great Recession.

Business Facilities, August 2016 OKC rank No. 1 for quality of life.

Angie’s List, May 2016 The housing market in OKC gives you more bang for your buck.

Zumper, May 2016 OKC makes the honor roll when it comes to college grads.

The Princeton Review, May 2016 Two OKC-area graduate entrepreneurship programs in national top 25.

USA Today, April 2016 Myriad Botanical Gardens ranks among nation’s best.

Merchant Cash USA, March 2016 OKC ranks No. 1 for women entrepreneurs.

SmartAsset, March 2016 OKC ranks No. 8 in millennial home ownership.


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PopulationOklahoma City has seen immense growth over the past decade. As of 2017, the Oklahoma City Metro area’s population is nearing 1.4 million people. Its population has grown by more than 6% (double the national average) since the 2010 Census. Since 2010, the Oklahoma City MSA is the 10th fastest growing large metro in the country (more than 1 million population) and has grown twice as fast as the U.S. Oklahoma City’s median age is 35.3 years, with more than 23% of residents between the key renter demographic of 20 to 34 years of age.

Oklahoma City MSA Population

2,000,000

1,500,000

1,000,000

950,000

900,000

0 1990

2000

2010

2015

2020

971,0

42

1,095

,421

1,257

,950

1,358

,452

1,414

,658

Source: Moody’s Analytics, Precis Q4 2016

Cost of Living Index

0

50

100

150

200

250

Total Employment by IndustryGovernment 19.2%Trade, Transportation and Utilities 19.2%Manufacturing 13.2%Education and Health Services 11.8%Professional and Business Services 11.8% Leisure and Hospitality 10.0%Financial Activities 4.9%Construction 4.3%Other 4.1%Information 1.0%Natural Resources and Mining 0.5%Source: Bureau of Labor Statistics, Current Employment Statistics, 2014 OKC MSA

Source: Cost of Living, C2ER 2016 Q4



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Downtown Park

The $130 million, 70 acre urban park proposed as part of MAPS 3 will include a playground, walking/biking trails, athletic fields, amphitheaters, a dog park, restaurants, public art space, and gar-dens. The park will be bisected by the new I-40, with the sections linked by a pedestrian skybridge. Completion is expected in 2021.

Riversport Rapids Whitewater Rafting & Kayaking Center

The new $45 million whitewater rafting and kayaking center will be a state-of-the-art aquatic adventure facility, one of the biggest raft-ing facilities in the world. Oklahoma City is the home of the U.S. Olympic canoe and kayak team and was one of only six stops on the 2016 Road to Rio Olympic tour.

Downtown Oklahoma City and the Central Business District are in the midst of an economic revival - one of the largest in the nation. Downtown has attracted more than $5 billion in public and private investment since the original MAPS project. Since 2000, Downtown Oklahoma City has witnessed:

> Population increase of over 20%, with the daytime population within a three-mile radius swelling to nearly 200,000.

> Traffic counts exceeding 100,000 daily at I-35 and I-40.

> Property value increase 118% along with more than 1,000 multifamily units that opened in 2015 and 2016.

Of the numerous development and redevelopment projects oc-curring or completed throughout the city, the most significant ventures include:

MAPS 3 PROJECTSIn 2009, voters approved a MAPS 3 initiative that will use a penny sales tax to fund $777 million in eight community projects through 2022. These projects are expected to create 25,000 new, per-manent private-sector jobs. Officials hope that MAPS 3 will spur billions of dollars in private investments, as its predecessors did. Although final designs are still to be determined, major compo-nents of the latest MAPS program include the following:

New Convention Center

The $287 million convention center will be located just south of the Chesapeake Arena and is expected to triple the economic impact of the existing Cox Convention Center. Annual economic impact of the new 470,000 square foot center is estimated at $80 million, while a total of 1,100 jobs would be created by the site, up from the current 400. Construction is expected to begin in 2018 with an opening in 2020.

Economic Development | New Construction



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HOBBY LOBBYIn 2015, Hobby Lobby completed its $88 million, 1.9 million square foot warehouse (equal to 33 football fields) adjacent to its corporate campus in southwest Oklahoma City. Hobby Lobby is one of the largest owners of commercial real estate across the metro, with approximately 6 million square feet.

CHISOLM CREEKThe 190 acre mixed-use development in northwest Oklahoma City is under construction in the Quail Springs’ area. The project will include retail, hotel and event space, class A office facilities, high-end retailers, medical, a farmers market, and a food truck court. Several components of the project are completed includ-ing Cabela’s, Top Golf, and the Saint Anthony’s Healthplex which opened in 2015.

BOEINGCompleted an $80 million, 290,000 square foot facility to house the engineering and research and development laboratories in July 2016. The facility is larger than five football fields and is the newest addition to Boeing’s Oklahoma City site, headquarters to the company’s Aircraft Modernization and Sustainment business. Boeing’s economic impact to Oklahoma City is estimated at more than $637 million.

THE METROPOLITANOpened in early 2016, the Metropolitan is the largest single hous-ing development announcement for Downtown Oklahoma City with 330 units. The project includes a large parking garage and 8,000 square feet of amenities.

PAYCOMIn addition to the firm’s new 90,000 square foot headquarters building, another $10.8 million development is under construction

Streetcar System

Another part of MAPS 3 will be a $130 million downtown streetcar system and a transit hub connecting buses, the streetcar, and rail lines. The streetcar system would run for about seven miles with two routes. Route 1 will connect the CBD with Automobile Alley, Midtown, St. Anthony hospital, Bricktown, and the future MAPS 3 Convention Center. Route 2 will exclusively serve Bricktown and the CBD. Construction began in February 2017 and the OKC Streetcar service is scheduled to begin in December 2018.

PROJECT 180Funded by the tax increment financing district created for Devon Energy’s project, the $176 million project redesigned downtown streets, sidewalks, parks and plazas to improve appearance and make the central core more pedestrian friendly. The project began in 2010 and was completed in 2016.

TINKER AFB EXPANSIONIn July 2016, Tinker AFB broke ground on the new KC-46A Tanker Sustainment Campus. The 158 acre maintenance, repair and overhaul operations for the new aerial refueling tanker will create more than 1,300 jobs. The first KC-46A is slated to arrive at Tinker AFB in 2018.

OUTLET SHOPPES OF OKLAHOMA CITYThe Outlet Shoppes welcomed several new national retailers in 2016, including Zales, Croc’s, and Old Navy Outlet with several more tenants opening in 2017 including Bath & Body Works.

GENERAL ELECTRICCompleted in 2016, the GE Oil and Gas Technology center is the only one of its seven research centers across the world dedicated to a single industry. The $110 million global energy research center will employ 130 employees focused on solving problems facing the oil and natural gas industry and is expected to generate an economic impact of $13 million annually.

Economic Development | New Construction continued



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allowing the company to add nearly 700 new jobs over the next five years. The campus will also allow for future expansions.

LIFE TIME FITNESSLife Time Fitness is under construction for its first location in the metro at Quail Springs Mall. The former Macy’s building will be torn down to make way for the 181,000 square foot fitness center that will include indoor tennis courts, an outdoor pool and basket-ball courts. 2018 estimated completion.

TRADER JOE’SThe first Trader Joe’s in Oklahoma City opened in September 2016 in Nichols Hills. It is the store’s second location in the state.

WARREN THEATREExpanding from its current location in Moore, Warren Theatres is proposing two additional locations. The proposed Warren Theatre in Midwest City will feature 14 auditoriums. A second proposed location is on the northeast side of Oklahoma City just off of the Kilpatrick Turnpike.

FIRST NATIONAL CENTERThe historic First National Center was purchased by a local de-velopment group in 2017. Built in the 1930’s, the 1 million square foot building contained office space and retail on the first floor. The new owners plan to convert and transform the property into a mixed-use space including a hotel, multiple restaurants, com-mercial space and 200 apartments on the upper floors.

21C MUSEUM HOTELThe 97 year old Fred Jones Assembly plant was renovated into a 134 room 21c Museum Hotel. The former Ford Model T assem-bly plant houses a contemporary art museum, restaurant, and bar. Many aspects of the assembly plant have been incorporated into the renovation. Completed June 2016.

WHEELER DISTRICTWheeler District is a 158 acre mixed-use neighborhood located south of the Oklahoma River being built at the former Downtown Airpark. It will include 100,000 square feet of retail and entertain-ment and 2,000 new housing units. The former Santa Monica Pier Ferris Wheel was relocated to the district in 2016. Developers anticipate the redevelopment to be a 15 year project.

BOK PARK PLAZAA new 27 story, 690,000 square foot office tower is under con-struction downtown. Bank of Oklahoma and Devon Energy will be the two main tenants in the building, but there is additional office and retail space available. The tower is expected to be completed in 2017.

Economic Development | New Construction continued



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Economy | EmploymentOklahoma City’s economy is based on seven major industry clus-ters: aviation and aerospace; biosciences; energy; healthcare; tech-nology/manufacturing; professional, business and financial services and distribution/warehousing.

“While total job growth was relatively flat in 2016, this was

actually viewed as a positive given the downturn in the

oil and gas sector. Historically, the region and state have

performed much worse in times of declining oil prices.

The avoidance of overall job declines can, in part, be

attributed to increased diversification within the Greater

Oklahoma City regional economy…Metro job growth in

2017 is expected to grow by 0.7 percent or 4,200 jobs

with much of that growth coming by the end of the year.”

2017 Greater Oklahoma City Chamber Economic Forecast

Historically known for its oil and gas industry, Oklahoma City’s economy has become much more diversified. Major industries such as aerospace, biotech, government, energy, healthcare and professional services make up the economy. Only two of the larg-est twenty employers are oil and gas firms. Oklahoma City is also home to Love’s Travel Stops, Hobby Lobby, Paycom and Tinker Air Force Base (the single largest employer in the state).

The area’s flourishing bioscience industry contributes more than $6.7 billion in economic activity, supports more than 51,000 work-ers with total compensation of $2.2 billion, according to the Greater Oklahoma City Chamber. Oklahoma City was selected in late 2015 as one of only two cities in the country to participate in the Bas Initiative on Innovation and Placemaking, a joint initiative of the Brookings Institute and Project for Public Spaces (PPS). The groups began an 18 month study of the area encompassing the Oklahoma Health Center and Automobile Alley. The Innovation District has a special focus on strong entrepreneurship to create mixed-use spaces that encourage collaboration and sharing ideas that can lead to more development, access to capital and commercialization.

Leading employment sectors include government (19%), trade transportation (19%), manufacturing (13%), and education and health (12%). The City is the seat of government for the state, as well as the county, and many regional federal agency offices are located in Oklahoma City. The energy industry makes up only 3% of the metro’s employment base.

Not surprisingly, the area’s corporate presence is impressive, with companies operating in the area including: Boeing, Baker Hughes, AOL, Sprint, The Hartford and Dell Computers. Devon Energy,



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Chesapeake Energy, Hobby Lobby, and Kerr-McGee (now SandRidge Energy) were all founded and remain headquar-tered in the greater metro area.

Tinker Air Force Base, also known as Oklahoma City Air Logistics Center (OC-ALC), the metro area’s second largest employer, is located in the suburb of Midwest City. Tinker AFB is the state’s largest industrial operation and home to seven major Department of Defense, Air Force, and Navy activities with critical national defense missions. The base has an estimated 27,000 mili-tary and civilian employees and is the largest single-site employer in Oklahoma. Tinker AFB covers 5,033 acres and has 760 buildings, with over 15.2 million square feet of space. Tinker AFB contributes more than $3 billion to the local economy.

In 2015, Tinker Air Force Base took possession of the 158 acre site that was once a BNSF rail yard. The $44 million acquisition will be home to a maintenance base for the KC-46A Pegasus, a Boeing plane still in development. The KC-46A program is expected to employ more than 1,300 people. The Altus Air Force Base, in south-west Oklahoma, was chosen as the training site for the KC-46A.

Economy | Employment continued

Oklahoma has been one of the world’s major aerospace industry centers since World War II. Clyde Cessna began testing aircrafts in the state during the early decades of the 20th century. More than 230 aerospace firms are located throughout the Oklahoma City met-ro employing more than 36,000 workers. Aerospace firms produce $4.9 billion in goods and services locally. Throughout the state there are more than 500 aerospace companies contributing over $12.5 billion to the state’s economy. Oklahoma City’s Federal Aviation Administration Mike Monroney Aeronautical Center is the central training and support facility in the U.S. for the FAA and the U.S. Department of Transportation. The center trains more than 20,000 students each year. Additionally, Oklahoma is leading the research and development of commercial uses for unmanned aircraft devel-opment. Oklahoma State University established the world’s first university graduate degree in Unmanned Aerial Systems.

Oklahoma’s Indian gaming industry brought more than $4.75 billion to the state’s economy in 2015, representing 3% of private produc-tion, and supported nearly 28,000 jobs, according to a new eco-nomic impact study from the Oklahoma Indian Gaming Association. In 2015 there were 45.9 million visits to Oklahoma Indian casinos, with approximately a third of the visits from out of state. In 2015 alone, the Oklahoma Tribal Gaming Operations spent $363 million on capital improvements, creating an estimated 2,700 jobs and earnings of nearly $125 million to the construction industry.

Home to more equine events than any other city in the world, Oklahoma City is known as the “Horse Show Capital of the World”. The equine industry is a key economic generator, supporting 35,000 jobs with an estimated economic impact of $126.5 million each year. Breeders, trainers, and owners of race horses account for 67% of direct impact and 75% of the direct industry jobs. The city is also one of the nation’s largest processing centers for a variety of farm products and is home to the world’s largest stocker and feeder cattle market.



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Leading EmployersGreater Oklahoma City’s workforce is considered one of the area’s best assets. In January 2017, the city’s unemployment rate was 4.1%, in the top ten lowest rates among large metro areas (over one million population.) The Oklahoma City MSA has been among the 25 lowest unemployment large metros for six years.

In 2016, the Oklahoma City metro area added about 3,100 jobs. Job growth in 2017 is expected to increase by 0.7%, which will account for about 4,200 new jobs across various sectors.

Two Fortune 500 companies are headquartered in Oklahoma City: Devon Energy and Chesapeake Energy. While energy firms are significant employers, only two of the top 20 employers are energy-related companies. Local retail giant Hobby Lobby, employs more workers than either of the oil and gas firms. Five of the largest top 20 employers are in the healthcare industry. With 26,000 employees, Tinker is the largest private employer in the state. According to the Greater Oklahoma City Chamber of Commerce, metro job growth is expected to be relatively flat; around 1 percent growth through 2017.

COMPANY PRODUCT/SERVICE EMPLOYEESState of Oklahoma Government 45,600

Tinker Air Force Base Military 24,000

OU - Norman Campus Higher Education 12,700

FAA Mike Monroney Aeronautical Ctr. Aerospace 7,000

INTEGRIS Health* Health Care 6,000

Hobby Lobby Stores Inc.* Wholesale & Retail 5,100

OU - Health Science Center Higher Education 5,000

City of Oklahoma City Government 4,700

Mercy Hospital* Health Care 4,500

OG&E Energy Corp.* Utility 3,400

OU - Medical Center Health Care 3,200

SSM Healthcare of Oklahoma* Health Care 3,000

University of Central Oklahoma Higher Education 3,000

Norman Regional Hospital Healthcare 2,950

The Boeing Company Aerospace 2,600

Devon Energy Corp* Oil & Gas 2,500

Chesapeake Energy* Oil & Gas 2,500

Sonic Corp.* Wholesale & Retail 2,460

AT&T Telecommunications 2,100

Oklahoma City Community College Education 2,100

Dell Sales and Business 1,800

UPS Transportation 1,700

Hertz Corporation Rental Sales 1,700

Love’s Travel Stops & Country Stores* Retail 1,700

American Fidelity* Finance / Insurance 1,650

Cox Communications* Telecommunications 1,400

Great Plains Coca-Cola Bottling Co. Beverage Distributor 1,300

Farmers Insurance Group Insurance 1,300

Midfirst Bank* Finance 1,150

Bank of Oklahoma Finance 1,100

Dolese Bros. Co.* Manufacturing 1,100

Continental Resources* Oil & Gas 1,000

Deaconess Hospital* Health Care 1,000

Rose State College Higher Education 1,000

* Indicates headquarters in metro area Employee counts subject to change. Source: The Greater Oklahoma City Chamber, October 2016



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Oklahoma City Public Schools is the state’s largest district with approximately 45,000 students. It also serves as a major em-ployer, with 4,600 faculty and staff members. The district is one of the few urban districts in the nation with a growing enrollment, due largely to the “MAPS for Kids” citywide improvement plan. Completed in 2012, the initiative was a 10 year, $700 million construction and renovation program to improve school facili-ties throughout Oklahoma City’s 24 school districts. The project included building or renovating 75 school sites, new buses, and upgrading technology.

In February 2017, the website SmartAsset ranked Oklahoma City #7 on the best city to raise a family. High school graduation rates, unemployment rate, child care costs, and housing costs contrib-uted to the metro’s high ranking.

The city was also recognized for its community programs, includ-ing the Supporting Kids in Independent Living program and the Leadership Oklahoma City’s Youth in Action council. OKC is also home to the Oklahoma School of Science and Mathematics, which educates the state’s most-gifted math and science stu-dents. Oklahoma City has a diversified number of well-developed private and parochial schools also.

There are 18 public and private colleges and universities in the Oklahoma City metro. The University of Oklahoma is one of two research universities in the state along with Oklahoma State University (Stillwater, OK).

Oklahoma also has a nationally acclaimed career and technol-ogy system, offering programs and services in nearly 400 school districts across the state. Oklahoma Career Tech is leading the nation in the development of Career Clusters which help students identify pathways from secondary school to career and technol-ogy education, colleges, graduate schools and the workplace.

Education

Educational AttainmentPopulation 25 Yrs and older

Less than High School Graduate 11.9%

High School/Technical School 27.8%

Associate’s Degree/Some College 30.9%

Bachelor’s Degree or higher 29.3%

Source: Census, 2015 American Community Survey (1 yr estimate) OKC Metro

Largest Colleges and UniversitiesOklahoma City MSA - Fall 2016

School Student Enrollment

University of Oklahoma (all campuses) 31,250

Oklahoma State University (Stillwater campus) 29,174

University of Central Oklahoma 16,428

Oklahoma City Community College 14,757

Rose State College 8,900

Oklahoma City University 2,991

Oklahoma Christian University 2,600



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TransportationHIGHWAYSOklahoma City is strategically located at the junction of three of the nation’s major interstates, is equidistant from both coasts and is located at the center of the I-35 NAFTA corridor. The city boasts an excellent highway and turnpike system making for easy navigation - commute times average 20 minutes or less with minimal congestion. MSN.com ranked it the sixth most drivable city in the United States.

International connections are also readily accessible. The country’s most inland all-weather seaport is located 90 miles east, adding to the area’s potential for logistics and distribution.

TROLLEY | STREETCARThe city recently welcomed a new trolley system, dubbed the Oklahoma Spirit, which covers a three-mile area and loops through downtown, with an additional segment linking the state fairgrounds area with downtown and Bricktown. As mentioned, part of the MAPS 3 plan calls for a $130 million downtown streetcar service, as well as a transit hub. The streetcar system would run for about seven miles with two routes. Route 1 will connect the CBD with Automobile Alley, Midtown, St. Anthony hospital, Bricktown, and the future MAPS 3 Convention Center. Route 2 will exclusively serve Bricktown and the CBD. Construction began in February 2017 and the OKC Streetcar service is scheduled to begin in December 2018.

AIRWill Rogers World Airport is the city’s major commercial airport. The airport is located just a short distance from city center with easy access to three major Interstate Highways. Six commercial carriers serve the airport with an average of 75 total daily departures. 22 des-tinations are served nonstop. In 2016, the airport served 3.7 million passengers and is a key employment center, hosting 70 companies that employ nearly 12,000 people. In March 2016, a new airport rental car center opened servicing an average of 600 daily rentals. The $36.2 million, 19,000 square foot facility contains 820 parking spaces. There is a shuttle less than one mile that takes visitors between the car rental facility and the airport.

In addition, Wiley Post Airport is a general aviation airport that boasts nearly 80,000 flight operations each year. Sundance Airpark is a privately-owned, public-use facility that operates approximately 7,000 flights annually.

TRAINAmtrak service is provided via The Heartland Flyer, which makes dai-ly runs to Fort Worth, Texas. The train departs from the historic Santa Fe Depot at the front door of Bricktown – Oklahoma City’s entertain-ment district. Two major lines provide most of the rail transportation in the Oklahoma City MSA: Union Pacific and BNSF Railway. These lines have more than 4,000 miles of track and connect Oklahoma communities with other U.S. cities, markets and ports.



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Oklahoma City boasts myriad world-class museums, exquisite dining, luxury hotel accommodations, and a thriving nightlife. The City’s NBA basketball team—the Oklahoma City Thunder—play in the new Chesapeake Energy Arena. In addition, professional hockey returned to Oklahoma City in 2010. Some of the city’s area attractions include (but are not limited to):

BRICKTOWNOne of the City’s most notable attractions is its Bricktown neigh-borhood, a premiere entertainment and dining venue. This once-busy warehouse district is now home to restaurants, movie the-aters, monumental bronze sculptures, and Chickasaw Bricktown Ballpark. The area is linked by the mile-long Bricktown Canal. The canal’s water taxi pass, which grants riders all-day access, is considered the best way to traverse Oklahoma City.

RIVERSPORT RAPIDS WHITEWATER RAFTING AND KAYAKING CENTER This $45 million state-of-the-art center, which is located just south of Bricktown, is one of the biggest rafting facilities in the world. The center opened in the summer of 2016 and is home to the U.S. Olympic kayak and canoe team. The adjoining Boathouse District also offers a zip line, pump track, extreme jumping, flatwa-ter kayaking, stand up paddle boarding, and dragon boat racing.

OKLAHOMA CITY MUSEUM OF ARTLocated in the heart of the Art District, the museum boasts the most comprehensive Dale Chihuly exhibit in the world.

STOCKYARDS CITYHome to Cattleman’s Steakhouse and Red Prime Steak, as well as western apparel and goods stores and Native American jewel-ers and art galleries.

THE MOTHER ROADOklahoma has more drivable miles of Route 66 than any other state.

OKLAHOMA RIVEREach year, the recently rejuvenated river attracts the nation’s top kayakers and canoeists.

MYRIAD BOTANICAL GARDENSKnown for its Crystal Bridge Tropical Conservatory; the bridge was designed by I.M. Pei.

Tourism & Recreation



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SECTION 4

ADVISOR BIOS

P.30


SECTION 4. ADVISOR BIOS

BRETT PRICE, CCIM, SIORSenior Vice President

Newmark Grubb Levy Strange Beffort204 N. Robinson, Suite 700Oklahoma City, OK 73102

T 405.606.7153

[email protected]

C 405.613.8380F 405.772.7486

Professional BackgroundBrett Price, CCIM, SIOR serves as Senior Vice President of Newmark Grubb Levy Strange Beffort,specializing in the leasing and sales of industrial properties in Oklahoma. Over the past five years,he has closed over $290M in transactions.

Mr. Price is a member of the elite Society of Industrial and Office Realtors (SIOR). The SIORdesignation is a professional achievement for highly qualified commercial real estate practitionerswith a strong transactional history. Due to its eligibility qualifications, there are currently only 2,800members in this distinguished organization worldwide.

Brett also holds the prestigious Certified Commercial Investment Member (CCIM) designation, whichonly 6 percent of all commercial brokers in the nation currently hold.

Brett earned a Bachelors degree in Entrepreneurship with a minor in Finance from Michael F. PriceSchool of Business at the University of Oklahoma.

Select Industrial Sale Transactions• Multiple addresses, Tulsa, OK, Thackeray Portfolio, 523,624 SF, $22,500,000• Multiple addresses, Tulsa, OK, Airpark Distribution Center, 300,000 SF, $20,930,000• Multiple addresses, Arlington, TX, Arlington Portfolio, 455,331 SF, $17,111,500• 8301 N I-35 Service Rd., ShurTech Distribution Center, 280,000 SF, $17,000,000• Multiple addresses, OKC/Tulsa Portfolio, 377,570 SF, $16,700,000• Multiple addresses, Irving, TX, Century Center, 166,807 SF, $9,000,000• 4800 Partnership Dr., Crest Warehouse, 220,000 SF, $9,000,000• 11300 Partnership Dr., Iron Mountain Warehouse, 144,990 SF, $8,150,000• 6601 S Air Depot Blvd., PODS Warehouse, 144,000 SF, $7,600,000• 400 S Vermont, Vermont Center, 143,750 SF, $7,050,000• 4401 E Hefner Rd., Kellogg Warehouse, 100,000 SF, $6,600,000• 311 NW 122nd St., Jasco Warehouse, 180,620 SF, $6,200,000• 4200 SE 59th St., OKC, 153,130 SF, $6,000,000

Select Industrial Lease Transactions• 1609 B SE Grand, AAR Supply Chain, 131,400 SF• 4680 NW 3rd St., Pratt Corrugated Holdings, Inc., 107,100 SF• 5101 S Council Rd., Reel Power, 98,280 SF• 4401 E Hefner Rd., Kellogg, 69,634 SF• 315 S Hudiburg Circle, CMI, 58,446 SF• 3500 N Santa Fe Ave., Cytovance Biologics (Build-to-Suit), 30,000 SF

Memberships & AffiliationsJournal Record Achievers Under 40 - 2014Newmark Grubb Top Producer - 2013, 2014, 2015 & 2017NAIOP Industrial Sale of the Year, OK - 2015 & 2017CREC Industrial Sale of the Year, OKC, OK - 2013, 2015, 2016 & 2017CREC Industrial Lease of the Year, OKC, OK - 2016CoStar Top Industrial Leasing Broker, OKC, OK - 2016 & 2017Society of Industrial and Office Realtors (SIOR)Certified Commercial Investment Member (CCIM)Member of the Oklahoma Commercial Real Estate Council (CREC)Active Big Brother since 2010 for Big Brothers Big Sisters of OklahomaLOYAL Class II Graduate (LOYAL is a Subsidiary of Leadership OKC and is a Network of YoungProfessionals)

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SECTION 4. ADVISOR BIOS

KRIS DAVIS, SIORSenior Vice President

Newmark Grubb Levy Strange Beffort204 N. Robinson, Suite 700Oklahoma City, OK 73102

T 405.286.6153

[email protected]

C 405.202.9525F 405.463.3237

Page 32P.32

Professional BackgroundProfessional SummarySince joining Newmark Grubb in 2006, Kris has specialized in sales and leasing of industrial land,warehouses, distribution centers and general industrial properties. Over the course of his career hehas further established himself as a leader providing service in the development of industrialbusiness parks, build-to-suit projects & the real estate needs of industrial markets. Kris’s primaryfocus is to utilize his knowledge, experience and resources to provide a proven, comprehensivemarketing system for sellers and landlords and to give advantage to buyers and tenants bysupplying conclusive data and identifying key drivers to equip them with a complete, progressiveapproach to meeting their specific real estate needs and objectives.Mr. Davis is a member of the elite Society of Industrial and Office Realtors (SIOR). The SIORdesignation is a professional achievement for highly qualified commercial real estate practitionerswith a strong transactional history. Due to its eligibility qualifications, there are currently only 2,800members in this distinguished organization worldwide.Kris’s experience with the Oklahoma City Industrial Market began eleven years ago in the StaffingIndustry. There he specialized in negotiations and staffing services for large industrial companies inthe metro. He also served as an industry consultant to smaller staffing companies, guiding them inadjusting their procedures to facilitate high volume accounts with streamline efficiency. This roleallowed him to develop long lasting relationships with company officers and owners, both large andmodest sized, and laid the strong foundation on which he continues to build upon and cultivate hisreputation for continually producing operative, fiscal solutions for the client.

Partial Client List• Boral Brick• Central Power• FTSI• JOBO, LLC• JW Wireline• Key Energy Services• KLX• Midwest Hose• Naifco Realty• NOV• Schlumberger• Superior Trailers

Notable Sale or Lease Transactions• Multiple Property Package, Oklahoma City, Naifco Realty, $7,500,000.00• Multiple Addresses, Yukon, OK, Pinion Portfolio, $6,585,000.00• 11501 S I-44 Service Rd., Oklahoma City, $2,300,000• 6601 S. Air Depot, Oklahoma City, Vaughn Foods, $2,260,668.00• 1515 McCurdy, Duncan, DAEDF, $2,000,000.00• 4901 S. Council Rd, Oklahoma City, JOBO, LLC $1,475,000.00• 11210 E. Hwy. 152, Mustang, Ellison Investments, $1,000,000.00• 70 acres Reno & Sara, Oklahoma City, CBK, LLC, $925,000.00• 10701 NW 2nd, Oklahoma City, Redback Energy, $915,000.00

Memberships & AffiliationsCREC Industrial Sale of the Year, OKC, OK, 2016 & 2017CREC Industrial Lease of the Year, OKC, OK, 2016CoStar Top Industrial Leasing Broker, OKC, OK, 2016 & 2017Member, Society of Industrial and Office Realtors (SIOR)Member, Oklahoma Commercial Real Estate Council (CREC)Member, CREC Planning Committee

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