4670 ROOSEVELT BLVD, PHILADELPHIA, PA

CONFIDENTIAL OFFERING MEMORANDUM

4670 ROOSEVELT BLVD, PHILADELPHIA, PA

TABLE OF CONTENTS

3

9

PROPERTY OVERVIEW

LOCATION OVERVIEW

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

4670 Roosevelt Blvd, Philadelphia, PA 19124

2005 Market Street, Suite 1510Philadelphia, PA 19103

www.marcusmillichap.com

© 2020 Marcus & Millichap. All Rights Reserved.

BRAD NATHANSONSenior Managing DirectorCapital Markets+1 215 531 [email protected]: PA: RS278775

DEAN ZANGExecutive Managing Director+1 202 536 [email protected] MD: : 665335License VA: 0225239201

MICHAEL HELPERNDebt & Structured Finance+1 212 [email protected]

LIOR REGENSTREIFSenior Managing Director of Investments+1 818 212 [email protected]: CA: 01267761

C H I C K - F I L - A A T N O R T H E A S T T O W E R C E N T E R2

INVESTMENT OFFERING

Marcus & Millichap exclusively offers for sale a trophy ground lease

with Chick-fil-A on a pad site to Northeast Tower Center located

in Philadelphia, Pennsylvania. Constructed in 2016, Chick-fil-A

has approximately 15 years remaining on a 20 year ground lease

with attractive 10% rental increases every five years. Chick-fil-A

operates more than 2,300 restaurants in the United States, third

largest fast-food operator in the country, and has over $11 billion

in revenue, remaining as one of the only fast food operators that

remains private and all corporate leases. The average Chick-

fil-A remains in the $4.6 million dollar range which is more than

double to what an average McDonalds does in volume.

The pad is situated fronting the Roosevelt Boulevard, a twelve-

lane main artery within the city limits, with traffic counts exceeding

93,000 cars per day. Chick-fil-A is at the entrance to Northeast

Tower Center, a 500,000 square foot shopping center anchored

by the number one Home Depot in Pennsylvania performing in

excess of $100 million in sales and Walmart. Additional tenants

include Ross, Petsmart, Old Navy, DD’s, and Staples.

The shopping center has been a staple in Northeast Philadelphia

since 1996 with very little turnover, historically averaging close

to 20 years on its tenancy. The Chick-fil-A came in as part of

an expansion with a neighboring strip center occupied by Panda

Express, Xfinity, and AM Best. The tenants at Northeast Tower have

some of the best sales overall in the greater Philadelphia MSA.

With only four restaurants servicing Northeast Tower, Chick-fil-A

stands to benefit from the draw of a very successful shopping

center on the most traveled highway within Philadelphia proper.


Property Overview

Price $3,575,000Cap Rate 4.00%GLA 4,946 SF Year Built 2016Lot Size .883 AcresZoning CMX-3Net Operating Income $143,000Financing Free and ClearParking 43 SpacesParking Ratio 8.7:1

2020 Demographics1 Mile 3 Miles 5 Miles

2020 Population 44,742 433,071 886,696

2020 Households 14,393 148,095 320,552

2020 Average HH Income $51,905 $51,541 $56,977

2020 Daytime Population 29,688 296,550 681,190

EXECUTIVE SUMMARY

COMPANY INDUSTRY EMPLOYEES

Thomas Jefferson Health System Healthcare 24,700

University of PA Health System Healthcare 20,200

Comcast Corporation Media & Tech 15,000

Children's Hospital of Philadelphia Healthcare 14,996

Chubb International Insurance 9,680

Wells Fargo Bank Banking 7,000

Independence Health Group Insurance 7,000

Glaxosmithkline Pharmaceutical 4,500

Defense Personnel Support Government 3,539

Philadelphia Media Network Newspapers 3,500

Aramark Food Service 3,000

Urban Outfitters, Inc. Clothing 3,000

Philadelphia Major Employers

RENT ROLL

TENANT SQUARE LEASE TERM RENTAL RATES LEASE OPTIONSNAME FEET BEGIN END BEGIN PSF ANNUALLY TYPE AVAILABLE DATE PSF ANNUALLY

Chick-fil-A 4,927 Apr-2016 Apr-2036 Current $29.02 $143,000 Absolute Net 8 x 5 Option 1 $38.63 $190,333

Apr-2026 $31.93 $157,300 Option 2 $42.49 $209,366

Apr-2031 $35.12 $173,030 Option 3 $46.74 $230,303

Option 4 $51.42 $253,333

Option 5 $56.56 $278,667

Option 6 $62.21 $306,533

Option 7 $68.44 $337,187

Option 8 $75.28 $370,905


SHADOW ANCHORED BY 500,000 SF CENTER WITH CONSISTENT PERFORMING GLOBAL RETAILERS HOME DEPOT AND WALMART, SOME OF THEIR BEST PERFORMING

LOCATIONS WITHIN THE REGION AND STATE

85 M+S T O R E S A L E S ( N O N -S U P E R C E N T E R )

100 MS T O R E S A L E S

SHADOW-ANCHORED

C O M P L E T E I N T E R I O R R E M O D E L I N 2 0 1 6

H I G H E S T V O L U M E S T O R E I N D I S T R I C T O F 9

3 RD

S T O R E I N D I S T R I C TR A N K S # 2 5 I N C H A I N

#1

2,800,000ESTIMATED NUMBER OF VISITS PER YEAR

1,500,000ESTIMATED NUMBER OF VISITS PER YEAR

INVESTMENT HIGHLIGHTS

84% of the overall gross leasable area of Northeast Tower Center has been a tenant at the property for at least fifteen years, speaking to the stability and performance of the retailers

Hyper Urban Infill Location with over 433,000 people within three miles, located approximately 6.5 miles north of Center City Philadelphia

Positioned next to major employers Cardone Industries Headquarters (5,000 employees) and Naval Support Activity Campus (5,200 employees – 2.25 million square feet) as well as the newly build Samuel Fels High School

Temple University, the second largest university in Pennsylvania with over 40,000 students, is located just four miles south off of Route 611, providing for the closest regional shopping center for the students.

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LEASE ABSTRACT

CHICK-FIL-ACam, Insurance Fixed CAM annual contribution (every 1/1) for lease years 1-5 is $500 and increases by 10% every five years to the main shopping center. Absolute

Net Ground Lease where tenant self-maintains

Taxes Tenant pays 100% of real estate taxes assessed upon the premises (Chick-fil-A parcel a/k/a 4670 E. Roosevelt Blvd) directly to the Dept. of Revenue for the City of Philadelphia

Management Fee None

Guarantor Corporate - Chick-fil-A, Inc.

Exclusive (i) No restaurant will be permitted on any portion of the Adjoining Property unless the restaurant independently maintains a parking ratio of the number of spaces required by law without a variance. In addition, no restaurants can be located in the building designated on Exhibit B as ""Restricted Building"", except as follows: (1) any restaurant in the Restricted Building shall be fast food or ""fast casual"" only, with no waiter or waitress service and no drive-through or drive-up service permitted, (2) the total square footage of restaurants in the Restricted Building shall not exceed 3,500 in the aggregate and (3) any restaurants shall be located in the 3,500 square feet of the northern-most portion of the Restricted Building (farthest away from the Land). (ii) No portion of the Adjoining Property will be leased, used or occupied as a fast food restaurant selling or serving chicken as a principal menu item (the ""Chicken Restriction"") ""a fast food restaurant selling or serving chicken as a principal menu item"" means a fast food restaurant deriving 25% or more of its gross sales from the sale of chicken. Tenant makes an exception to the aforementioned Chicken Restriction solely in respect to a Panda Express Restaurant doing business in the Restricted Building in the northern-most ""end cap"" position of the Restricted Building (which space will be counted towards the 3,500 square foot limitation in (i) above). The specific exception will not be deemed to apply to any other agreement entered into by Tenant or waive any of its rights. (iii) No portion of the Adjoining Property will be leased, used or occupied by or for any of the following uses: McDonald's, Wendy's, Arby's, Boston Market, Kenny Roger's, Kentucky Fried Chicken, Popeye's, Church's, Bojangle's, Mrs. Winner's, Carl's Jr., Hardee's, In N Out Burger, Chicken Out,Willie May's Chicken, Biscuitville, Zaxby's, Ranch One, El Polio Loco, Koo Koo Roo, Polio Campero, Polio Tropical, Charo Chicken, Raising Cane's. Chester's or Bush's Chicken.

Go Dark If Tenant ceases to operate for business for a period in excess of 18 consecutive months, LL will have, as its sole remedy, the right to terminate the Lease upon providing 30 days written notice

ROFR None

Assignment/Sublease "Tenant may assign the lease or sublet all or part of the Premises without LL’s consent, but upon giving LL a written notice within 30 days after transaction. Tenant continues to remain liable for all of its obligations under the Lease. Notwithstanding the foregoing, if Tenant assigns the Lease to an entity with a net worth of $50,000,000.00 or greater, then on the date of the assignment Tenant will be released from any and all liability from and after the date of assignment.”

Co-Tenancy None

Sales Kickouts/Termination Rights None

Sales Reporting/Percentage Rent Provisions

None

Cap-Ex and Repairs HVAC: Tenant is responsible to maintain and repair HVAC. Roof: Tenant is responsible to repair and replace. Parking Lot: Tenant is responsible to maintain and repair.

Option Notice 12 months prior written notice to LL; 1st option due 4/30/2035

Real Estate Tax Real Estate Tax Transfer: Pennsylvania does not reassess upon a sale. 10 year tax abatement in-place through April 2026 as part of the city providing an incentive for new construction - lease language provides that if there is an increase in the Taxes by more than 10% due to a re-valuation of the Land because of a “change of ownership” then the Landlord will pay a 90% portion of the increase in the Taxes attributable to the change of ownership (standard national clause in all CFA leases).


2,300LOCATIONS IN THE UNITED STATES

3RD LARGEST FAST-FOOD OPERATOR IN THE COUNTRY4.6 M

AVERAGE STORE REVENUE(DOUBLE MCDONALDS VOLUME)

11 BI N R E V E N U E

CHICK-FIL-A TENANT PROFILE


SeafoodPalaceBu�et

Hair Buzz

1,550 SF1,550 SFWhitaker Avenue

Adams Avenue

Roosevelt Boulevard 1

ExistingPower Plant

Firehouse

Langdon Street

Foulkrod Street

1

2 34 5 6 7

8 9 1011 12 13

1415

16

2223

24

25

17

18

19

20

21

NORTHEAST TOWER CENTER SITE PL AN

305,500WAGE AND SAL ARIED POSITIONS IN CENTER CIT Y PHIL ADELPHIA

23,385RESIDENTIAL UNITS

71,100NEW JOBS SINCE 2009

SOURCE: CENTERCIT YPHIL A.ORG

15,100

20

18

NEW JOBS ADDED

193,187R E S I D E N T S 2

2%

INC

RE

ASE

SI

NC

E 2

010

PHIL ADELPHIA CENTRAL BUSINESS DISTRICT

6.5 Miles from the Property

N O R T H E A S T TOWER CENTER

40,031 STUDENTS

E ROOSEVELT BLVD - 93,000 VPDE ROOSEVELT BLVD - 93,000 VPD WH

ITAK

ER AV

E - 17,350 VPD

WH

ITAK

ER AV

E - 17,350 VPD

ADAMS AVE ADAMS AVE INTERSECTION INTERSECTION - 19,000 VPD- 19,000 VPD


Major EmployersCOMPANY INDUSTRY EMPLOYEESThomas Jefferson Health System Healthcare 24,700

University of PA Health System Healthcare 20,200

Comcast Corporation Media & Tech 15,000

Children's Hospital of Philadelphia Healthcare 14,996

Chubb International Insurance 9,680

Wells Fargo Bank Banking 7,000

Independence Health Group Insurance 7,000

Glaxosmithkline Pharmaceutical 4,500

Defense Personnel Support Government 3,539

Philadelphia Media Network Newspapers 3,500

Aramark Food Service 3,000

Urban Outfitters, Inc. Clothing 3,000

CENTER CIT Y PHIL ADELPHIA


Cardone Industries Inc.Headquarters

1.3 Million sq. ft.

116 Rooms

Creighton Charter Schools (K-8)700 Students

International Christian Charter (9-12)120 Students

120 Employees701 Beds

100 Acres - 219 Beds

J, K, R

1, 8, J, K, R

One and Onley SquareMcDonald’s

HAIR BUZZ

E RO

OSEVELT B

LVD

E RO

OSEVELT B

LVD

12 Lane Hig

hway

12 Lane Hig

hway

WHITAKER AVEWHITAKER AVE

227,500 SF Mixed use facility: office, retail,

church

Rising Sun Plaza

®

Adams Plaza

Grover Washington Middle School (5-8)

541 Students

5,197 Students


ADAMS AVE

ADAMS AVE

COMBINED TRAFFIC COUNTS OF OVER

129,000 VPD

11

Cardone Industries Inc.Headquarters

1.3 Million sq. ft.

Aria Jefferson Health855 Beds

Samuel Fels High School988 Students (9-12)

Built in 2009

Oxford House Luxury Apartments

207 Units

Philadelphia Protestant Nursing Home

600 Beds

Thalheimer Brothers LLC101 Employees

60,000 total sq. ft.

Naval Support Activity Philadelphia

- 134 acre Naval Base - 2,250,000 Total sq. ft.- 5,200 Employees- Consists of office-converted warehouses

for various Naval supply commands - Living quarters for US Navy Sailors- Headquarters of Defense Logistics Agency

500,000 Residents live in Northeast Philadelphia

Passenger volumes entering local SEPTA stations has increased 78% since 2000

J, K, R

Asian Superstore


Lawndale Plaza

COMBINED TRAFFIC COUNTS OF OVER

129,000 VPD 12

LOCATION OVERVIEW

Northeast Tower Center is located in Philadelphia, Pennsylvania within Philadelphia County, the 6th largest city in the United

States with a population of over 1.58 million people. Northeast Tower Center is the closest regional shopping center to

major colleges Temple University (5 miles) and La Salle University (3.5 miles).

13

611

95

95

95

278

295

678

95

280

80

95

97

76

78

78

287

476

276

76

81

81

295

695

695

83

895

70

195

322

422

322

301

40

222

209

209

209

46

206

206

1115

30

322

222

50

9

1

202

30

225

309

6154

2

55

49

47

313

300

10

1

23

72

74

24

183

50

27

611

33

36

9A

27

25A

35

1833

70

72

WhartonState Forest

Delaw

are Bay

Philadelphia

New York

Baltimore

Chester DeptfordTownship

Mt LaurelTownship

JacksonTownship

FreeholdTownship

BrickTownship

BarnegatTownship

Sta�ordTownship

HamiltonTownship

Long BeachIsland

Beach Haven

Galloway

Atlantic CityEgg HarborTownship

Woodbine

Ocean City

Sea Isle City

Wildwood

Toms River

Long Branch

Asbury Park

Bridgeton

Vineland

Millville

York

Camp Hill

Elizabethtown

Elizabethville

Sunbury

Selinsgrove

Lewisburg Danville Hazleton

Jim Thorpe

Lehighton

Danielsville

EastonNorthampton

Shamokin

St ClairPottsville

Pottstown

Kutztown

King ofPrussia

Wayne

SchuylkillHaven

Hershey

Lebanon

Quakertown

Perkasie

Doylestown

Flemington

Hackettstown

Morristown

Parsippany-TroyHills

Princeton

Edison

Piscataway

The Bronx

Queens

Manhattan

Brooklyn

Reading

Lancaster

LititzEphrata

Intercourse

CoatesvilleWest Chester

Exton

New Holland

Bel AirAberdeen

New Castle

Smyrna

Dover

Camden

Chestertown

Centreville

QueenstownAnnapolisBowie

Glen Burnie

Middle River

Owings MillsTowson

Columbia

Newark

Middletown

Elkton

Oxford

PENNSYLVANIA

MARYLAND

DELAWARE

NEW JERSEY

Wilmington

Trenton

Levittown

Allentown

Newark

Harrisburg


90 MILES TO NEW YORK CIT Y


The Northeast’s main traffic arteries are Interstate 95 (Delaware Expressway)

and Roosevelt Boulevard (U.S. 1). Roosevelt Boulevard begins at the Schuylkill

Expressway in Fairmount Park, running as a freeway also known as the

Roosevelt Boulevard Extension or the Roosevelt Expressway through North

Philadelphia, then transitioning into a twelve-lane divided highway that

forms the pine of Northeast Philadelphia to its end at the city line. Major

secondary arteries include Cottman Avenue (PA 73), Frankford Avenue

(US 13), Woodhaven Road (PA 63), Grant Avenue, Oxford Avenue (PA-

232), State Road, Bustleton Avenue (PA-532), Bridge Street, Harbison

Avenue, and Academy Road. The Northeast is served by SEPTA’s

Market-Frankford Line, often called the Frankford El” or “the El”

because portions of the rail line are elevated above streets below,

including Frankford and Kensington avenues. The northernmost and

easternmost terminus of the line is at the Frankford Transportation

Center, Frankford Avenue and Bridge Street. Three commuter rail

lines also serve the Northeast. Many SEPTA bus routes and all three

of its trackless trolley routes run through the Northeast. Most

north-south routes terminate at the Frankford Transportation

Center. Nearby Lawndale Station and Cheltenham Station

primarily serve the Lawndale neighborhood in addition to

some residents from Cheltenham, PA and are located just

minutes from Northeast Tower.

TRANSPORTATION IN THE NORTHEAST


EDUCATION

2018-2019 SCHOOL YEAR ENROLLMENT

61%

Philadelphia’s educational heritage began with the founding of one of the nation’s first universities

and a world-renowned Ivy League school - The University of Pennsylvania. Today, there are over

100 degree granting institutions within 50 miles of Center City Philadelphia, offering the highest

concentration of colleges and universities in the United States and producing over 66,000 new

graduates every year. Twenty-six of them, including the five largest within the region, are located

within the City itself. Three major universities (Drexel University, Temple University and the University

of Pennsylvania) are immediately adjacent to Center City. Business Week recently ranked the

University of Pennsylvania’s Wharton School of Business the number two business school in the

country. Philadelphia also boasts five medical schools and 26 teaching hospitals. The medical

schools include the University of Pennsylvania (the first in the nation), Jefferson, Temple, Drexel

University College of Medicine, and Philadelphia College of Osteopathic Medicine. Correspondingly,

the Greater Philadelphia Region ranks in the top 10 U.S. metros in the number of engineering degrees

obtained per year.

A recent study from CampusPhilly showed that 67% of students currently studying in Philadelphia

have an interest in remaining in Philadelphia after graduation, up 15% since 2010.

Temple University 40,031

Community College of Philadelphia 26,081

University of Pennsylvania 25,860

Drexel University 24,190

Thomas Jefferson University 7,831

St. Joseph’s University 7,589

LaSalle University 5,197

University of the Sciences 2,231

University of the Arts 1,900

Peirce College 1,833

OF CENTER CITY RESIDENTS HAVE ABACHELOR’S DEGREE OR HIGHER

LA SALLE UNIVERSITY


EDS & MEDS

H E A LT H C A R E

One of the nation’s largest concentrations of health care resources is here in Greater Philadelphia. In addition to five medical schools, the region has

two dental schools, three pharmacy schools, veterinary, optometry, and podiatry schools, with multiple area universities offering advanced degrees in

biological sciences. There are more than 120 hospitals in the Greater Philadelphia area including specialized institutions such as Children’s Hospital of

Philadelphia and Wills Eye Hospital. Well-known medical research centers include the Wistar Institute and Fox Chase Cancer Center.

PHILADELPHIA

BOSTON

NEW YORK

BALTIMORE

WASHINGTON, DC

10% 15% 20%

PERCENTAGE OF TOTAL EMPLOYMENT IN EDUCATION & MEDICINE

S I N C E 2 0 0 5 , H I G H E R E D U C A T I O N A N D H E A LT H C A R E E M P L O Y M E N T I N P H I L A D E L P H I A H A S I N C R E A S E D B Y 1 7 % A N D N O W P R O V I D E S 3 7 % O F A L L J O B S I N P H I L A D E L P H I A .

RANKED 10th BEST HOSPITAL IN THE COUNTRY Hospitals of the University of Pennsylvania

4TH BEST JOB PLACEMENT RATE of Nation’s Colleges

RANKED #1 FOR BUSINESS, FINANCE,

REAL ESTATE AND INSURANCEUndergrad Programs

#1 LARGEST PRIVATE EMPLOYER 2019

In Center City UNIVERSITY AND HEALTH SYSTEM 24,700 employees, a substantial increase since acquiring

Philadelphia University in 2017

RATED 2ND BEST CHILDREN’S HOSPITAL In The Country

Source: Center City District, US News, BLS


EMPLOYMENT

RENDERING FOR TEMPLE UNIVERSITY RECONSTRUCTION COMCAST TOWER

Since the recession, starting in 2009, Philadelphia has added 71,100 jobs, 44% of them in just the last

two years. Philadelphia added jobs in 12 of the last 13 years, the longest period of expansion in more

than 50 years. The recovery has been led by education and health services, which account for 56% of

the jobs added in industries largely exempt from real estate and business taxes.

Growth occurred across all private sector categories, except manufacturing and financial and

information services. Center City holds 305,500 wage and salaried positions with approximately 9,500

more individuals compensated as partners, self-employed, or working freelance. Located at the center

of the region’s transit and highway network, 47.5% of downtown’s 305,500 jobs are held by commuters

from outside the city; 52.5% are held by Philadelphians with the city.

Professional, business and financial services, real estate and information account for 40% of downtown

jobs, occupying 43.5 million square feet of space - including the recent completion of the 1.8

million-square-foot Comcast Technology Center and Aramark’s 600,000-square-foot expansion at

2400 Market Street. Education and health services, the largest sector citywide, is the second largest

downtown with jobs provided by 14 colleges and universities and five hospitals, accounting for 20%

of Center City employment. Entertainment, leisure, hospitality and retail provide 16% of downtown

jobs in 354 arts and cultural institutions, 12,283 hotel rooms, 986 retail premises and 468 full-service

restaurants. Federal, state and local government employment provides 12% of Center City jobs.

71,100

13,600

10,600

15,400

N E W J O B S S I N C E

I N 2 0 1 6

I N 2 0 1 7

I N 2 0 1 8

20

09


1-MILE 3-MILE 5-MILE

PO

PU

LAT

ION

2020 Population - Current Year Estimate 44,742 433,071 874,506

2025 Population - Five Year Projection 45,273 437,703 886,696

2020 Population 25 and Over 27,317 274,828 575,156

Ave HH Size 3.12 2.89 2.66

Median Age of Population 31.3 32.9 34.5

HO

USE

-H

OLD

S 2020 Households - Current Year Estimate 14,393 148,095 320,552

2025 Households - Five Year Projection 14,550 149,963 326,974

H.H

INC

OM

E

2020 Average Household Income $51,905 $51,541 $56,977

2020 Per Capita Income $16,724 $17,727 $21,244

2020 Median Household Income $37,294 $36,607 $38,831

HO

USI

NG

2020 Owner Occupied Housing Units 56.9% 55.6% 54.4%

2020 Renter Occupied Housing Units 43.1% 44.4% 45.6%

2020 Vacant 6.5% 8.5% 9.6%

DA

YT

IME

D

EM

OS

2020 Daytime Businesses 687 9,103 21,649

2020 Daytime Employment 11,518 87,458 220,240

Daytime Population 29,688 296,550 681,190

EX

PE

ND

ITU

RE

2020 Total Consumer Spending $253.2M $2.7B $6.1B

2025 Total Consumer Spending $256.9M $2.9B $6.8B

2020 Average Household Consumer Spending $19,797 $19,102 $19,411

2025 Average Household Consumer Spending $21,738 $20,881 $21,197

CENSUS DEMOGRAPHICS


MAJOR LOCAL EMPLOYERS ADJACENT TO NORTHEAST TOWER CENTER

NAVAL SUPPLY DEPOT

One of the largest employers in Northeast Philadelphia is the

Naval Supply Depot which employs 5,200 and is the single

largest employer in the area. The Naval Support Activity (NSA)

Philadelphia and Philadelphia Navy Yard Annex missions are to

provide operationally ready, secure shore infrastructure built

upon a streamlined shore installation management organization

committed to quality of life to military members and civilian staffs

and quality of community developed through extensive interaction

and involvement with the community. The Support Activity in

Northeast Philadelphia supports 424 on-site tenant organizations.

CARDONE INDUSTRIES

Cardone Industries USA Corporate Headquarters is located behind

Northeast Tower Center. Cardone Industries, Inc., founded in 1970, is a

leading supplier of automotive replacement parts with 5,000 employees.

Since its beginning over 50 years ago, Cardone has grown from six

employees into the largest

privately-held automotive

parts remanufacturer in

the world.

SAMUEL FELS HIGH SCHOOL

988 Students attend the newly developed 9-12 High

School, which sits behind Northeast Tower Center

134 ACRES 5,200 EMPLOYEES

37 BUILDINGS 2.25 MILLION SQ. FT


CONFIDENTIALITY AGREEMENT

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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.

© 2020 Marcus & Millichap. All rights reserved.

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 IPA ADVISOR FOR MORE DETAILS.

SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.


FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

2005 Market Street, Suite 1510Philadelphia, PA 19103 www.marcusmillichap.com


BRAD NATHANSONSenior Managing DirectorCapital Markets+1 215 531 [email protected]: PA: RS278775

LIOR REGENSTREIFSenior Managing Director of Investments+1 818 212 [email protected]: CA: 01267761

DEAN ZANGExecutive Managing Director+1 202 536 [email protected] MD: : 665335License VA: 0225239201

4670 Roosevelt Blvd, Philadelphia, PA 19124


Documents

4670 ROOSEVELT BLVD, PHILADELPHIA, PA