ADELL GROUP - THE CHRISTMAN COMPANY INDUSTRIAL INVESTMENT SALE | MULIT-TENANT | SUNNYVALE, TX | 7.25% CAP

EXECUTIVE SUMMARY 3

ADELL | THE CHRISTMAN COMPANY 4

PROPERTY DESCRIPTION 5

INTERIOR PHOTOS 6

FLOOR PLAN 7

EXTERIOR PHOTOS 8

PARCEL BOUNDARY 10

LOCAL MAP 11

REGIONAL MAP 12

DALLAS | FORT WORTH 13

DEMOGRAPHICS 14

LEASE COMPARABLES 15

SALE COMPARABLES 16

DISCLAIMER | CONFIDENTIALITY 17

AERIALS 9

CONTENTS2

INDUSTRY LEADING TENANTS | Together boasting

almost 200 years of quality business practices, Adell

Group and The Christman Company are dominant in

their respective industries.

NOI | $689,115

AVERAGED RENT | $4.45

PRICE/SQFT | $58.46 PSF

ESTABLISHED LEGACY | Since 1952 Adell has been

manufacturing and supplying door edge guards for the

auto industry, becoming the go-to supplier for major

auto brands like Toyota, Lexus, Honda , Acura & Subaru.

STATE OF THE ART FACILITY | Adell’s fully equipped

tool room and environmental corrosion testing lab

allows them to achieve the highest standards of

quality assurance for their customers.

INDUSTRY SPECIALISTS | The Christman Company

is an award winning, industry leading general

contractor who’s been providing quality services to

their customers for the past 126 years.

STRATEGIC LOCATION | Located on U.S. 80, this

facility sits just outside Dallas’ thriving downtown

and has easy access to multiple shipping routes and

airports.

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Kwekel Companies is pleased to offer the

Investment Sale of this 162,500 square foot

industrial building located approximately 15

miles East of downtown Dallas. The facility

is occupied by Adell Group & The Christman

Company.

EXECUTIVE SUMMARY

Price: $9,500,000 | Cap Rate: 7.25%

ADELL - CHRISTMAN

TENANT NAME SQUARE FEET

% BLDG SHARE

COMM. EXP. ANNUAL RENT PER SF

TOTAL RENT PER MONTH

TOTAL RENT PER YEAR

CHANGES ON

RENT INCREASE

RENEWAL OPTIONS

ANNUAL EXPENSES

NOI

ADELL 117,500 72.3% 2/1/2019 8/1/2024 $4.50 $44,062.50 $528,750 N/A NONE 2 - 5 YEAR OPTIONS

$1,252 $527,498

CHRISTMAN 45,000 27.7% 11/1/2016 11/1/2026 $4.31 $16,162.50 $193,950 11/1 2.5% 2 - 5 YEAR OPTIONS

$32,333 $161,617

TOTAL 162,500 100% - - - $60,189 $722,700 - - - $33,585 $689,115

ADELL GROUP

THE CHRISTMAN COMPANYSince 1894, Christman has been leading the way in the construction industry

specializing in construction management, general contracting, and design/

build. With almost 500 employees, $1 billion in revenue, and over $4 billion

in construction currently underway, Christman ranks among the best in the

industry, being placed at #93 in the 2019 Engineering News-Record 400 list of top

contractors nationally. Christman has no limit to their portfolio with projects in

sectors across the board such as data centers, healthcare, and higher education.

They recently acquired the construction company MEDCO to expand their

presence in the southwest region of the US, enlarging the experience they already

have in 38 states.

Since 1952, Adell Corporation has been manufacturing and supplying door edge guards as original equipment to the

auto industry, both foreign and domestic. The Adell family was the originator and developer of these products, starting

with the bright stainless designs of the fifties and sixties and evolving over the years into today’s totally encapsulated

and body-color-matched designs. In 2019, the business transitioned to Adell Group, Inc, who continues the family’s

legacy of high-quality door edge guards.

Adell Group is a totally integrated manufacturer with in-house engineering, tool and die, extruding, injection molding,

metal fabricating, packaging, and painting capabilities. Over the years, Adell has developed many unique manufacturing

processes, utilizing specialized roll forming, stamping, bending and profile extrusions and co-extrusions. These processes

can apply various non-metallic materials onto base metals in various configurations, providing innovative electrical

and galvanic corrosion insulation and weatherability properties - all with unlimited color and styling possibilities.

Adell Group’s specialized tooling is produced on-site in a fully equipped tool room, allowing them to greatly shorten the

design-to-production time for customers, while also reducing tooling costs and engineering change delays. Adell has an

established environmental corrosion testing lab, containing color verification and other test capabilities.

Their manufacturing facility is located on a multi-acre site adjoining a major Texas freeway with easy access to multiple

truck routes and two international airports. This strategic location, combined with their fully-equipped shipping and

receiving facilities, assures fast, economical transportation to meet each of their customers’ individual needs.

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ADDRESS

CITY, STATE

TOTAL SF

MANUFACTURING SF

OFFICE SF

ACRES

YEAR BUILT

PPN’S

200 ADELL BLVD

SUNNYVALE, TX

162,500

150,000

12,500

11.7

1980

65033553010020100 | 65033553010020200

PROPERTY DESCRIPTIONTOTAL ADELL SF

TOTAL MEDCO SF

CLEAR HEIGHT

DOCK DOORS

OVERHEAD DOORS

FLOOR THICKNESS

POWER

CONSTRUCTION

117,500

45,000

16’-28.5’

7

5

4”

5,000 AMP | 277-480 VOLT

CONCRETE

5

ADELL - CHRISTMAN | INTERIOR PHOTOS6

7

FLOOR PLAN

ADELL CHRISTMAN COMMON AREA

ADELL MFG. - WARE

ADELL OFFICE

CHRISTMAN OFFICE

COMMON AREATRUCK DOCKS

CHRISTMANMFG. - WARE

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ADELL - CHRISTMAN | EXTERIOR PHOTOS

ADELL - CHRISTMAN | AERIALS

9

10

ADELL - CHRISTMAN | PARCEL BOUNDARY

11

ADELL - CHRISTMAN| LOCAL MAP

200 ADELL BLVD.

DALLAS

12

ADELL - CHRISTMAN | REGIONAL MAP

DALLASFORT WORTH 200 ADELL BLVD.

DALLAS - FORT WORTH

Industrial Market:The Dallas-Fort Worth industrial market is currently thriving, delivering a spectacular

amount of industrial supply. Over the last year, over 29 million square feet of new product

was delivered. Despite the size of this number, high demand for speculative projects and

build-to-suits has kept vacancy rates steady at 6.7%. Currently, the Dallas-Fort Worth mar-

ket leads the nation in amount of underway construction with 31.4 million square feet, more

than Atlanta and Phoenix combined. Rent growth has still had a steady climb, currently at

4.1% and outpacing the metro’s average. National portfolio deals containing Dallas-Fort

Worth assets have driven recent sales volumes.

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Economy:As the fi fth largest MSA in the US, Dallas-Fort Worth ranks among the top metros for job

growth in the country. In recent years, the area has averaged over 100,000 new jobs each year

with annualized growth near 3%. In 2019, thanks in part to the signifi cant amount of new jobs,

the Dallas-Fort Worth area added more residents than any other metropolitan area in the

United States and accounted for one-third of Texas’ population growth. Numerous major com-

panies have recently been moving or starting to move facilities into the area; such companies

include Uber, Charles Schwab, USAA, and Liberty Mutual Insurance. Some of the top industries

in Dallas today are Technology, Finance, Defense, and Life Sciences.

DEMOGRAPHICSPOPULATION SUMMARY

2010 CENSUS

2019 ESTIMATE

2024 PROJECTION

2019-2024 GROWTH

1 MILE 5 MILES 10 MILES

2,512

2,872

3,043

5.95%

165,779

173,296

181,125

4.52%

668,565

739,751

785,362

6.17%

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$70,555AVERAGE HH INCOME

739,751TOTAL POPULATION

243,557TOTAL HOUSHOLDS

$143,339MEDIAN HOME VALUE

10-MILE RADIUS

HOUSEHOLDS

AVERAGE HH INCOME

MEDIAN HOME VALUE

2019 TOTAL HOUSEHOLDS

2024 TOTAL HH ESTIMATE

2010-2019 HH GROWTH

2019-2024 HH GROWTH

1 MILEE 5 MILES 10 MILES

$101,014

$356,992

997

1,056

13.94%

5.92%

$71,143

$139,579

60,226

62,998

4.81%

4.60%

$70,555

$143,339

243,557

258,420

10.06%

6.10%

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ADELL - CHRISTMAN | LEASE COMPARABLES

DEC 2019

SIGN DATEADDRESS

120,960

SF LEASED/AVAILABLE

$4.95

NNN RENT

A

CLASS

1704 S INTERSTATE 45

HUTCHINS, TX 75141

2017

YEAR BUILT

LEASED

STATUS

FEB 2019 56,448 $4.35 B11404 PAGEMILL ROAD

DALLAS, TX 75243

1977LEASED

OCT 2019 97,753 $4.25 B12626 INTERNATIONAL PARKWAY

DALLAS, TX 75228

1979LEASED

- 71,674 $5.25 B4215 MCEWEN ROAD

DALLAS, TX 75244

1974FOR LEASE

- 44,304 $5.00 B4730 SIMONTON ROAD

FARBERS BRANCH, TX 75244

1974FOR LEASE

- 312,400 $4.45 C2130 FRENCH SETTLEMENT ROAD

DALLAS, TX 75212

1975FOR LEASE

- 162,500 $4.31 - $4.50 B200 ADELL BOULEVARD

SUNNYVALE, TX 75182

1980-

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ADELL - CHRISTMAN | SALE COMPARABLES

SEPT 2019

SALE DATEADDRESS

$4,936,482

SALE PRICE

$58.93

PSF

B

CLASS

3242 HERRMANN DRIVE

GARLAND, TX 75041

1997

YEAR BUILT

83,762

SIZE (SF)

OCT 2016 $33,000,000 $63.77 A10615 SANDEN DRIVE

DALLAS, TX 75238

2001517,500

MAR 2018 $3,921,469 $56.30 C3209 WOOD DRIVE

GARLAND, TX 75041

198669,650

FOR SALE $4,794,295 $55.00 B2651 SANTA ANNA AVENUE

DALLAS, TX 75228

197887,169

FOR SALE $3,330,000 $62.52 B3903 CAVALIER DRIVE

GARLAND, TX 75042

N/A53,264

FOR SALE $2,935,000 $51.42 C2217 SANTA ANNA AVENUE

DALLAS, TX 75228

196157,079

- $9,600,000 $58.46 B200 ADELL BOULEVARD

SUNNYVALE, TX 75182

1980162,500

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The information contained in the following Investment Prospectus is proprietary and strictly confi dential. It is intended to be reviewed only by the party receiving it from Kwekel Companies, and should not be made available to any other person or entity without the written consent of Kwekel Companies. This off ering memorandum has been prepared to provide summary, unverifi ed information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Kwekel Companies has not made any investigation, and makes no warranty or representation, with respect to the size and square footage of the property(s) and improvements, the compliance with State and Federal regulations, the physical condition of the improvements thereon. The information contained in this overview has been obtained from sources we believe to be reliable; Kwekel Companies 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.

DISCLAIMER

TIM KWEKEL | PRESIDENT

Direct (616) 328-5222

Mobile (616) 293-6924

E-Mail tim@kwekelcompanies.com

DAMON ROOT | VICE PRESIDENT

Direct (616) 328-5116

Mobile (616) 723-1027

E-Mail damon@kwekelcompanies.com

IN ASSOCIATION WITH

WES WALTERS

TX LICENSE #347768

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