Commercial Real Estate

SECTION |

Table Of Contents

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to theaccuracy of the information. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 2

3SECTION 1: PROPERTY INFORMATIONExecutive Summary

Property Details

Complete Highlights

Additional Photos - 1st floor

Additional Photos - 2nd Floor

1st Floor Plan

2nd Floor Plan

11SECTION 2: FINANCIAL ANALYSISFinancial Summary

Income & Expenses

14SECTION 3: LOCATION INFORMATIONSite Plan

Parcel Map

17SECTION 4: DEMOGRAPHICSDemographics Map & Report

SECTION 1

PROPERTY INFORMATION

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 4

PROPERTY OVERVIEW

Free standing office building known as Independence Hall sits on a 24,302 sqf parcel inprime location in Lake Worth. Two story offices combined 9,952 sf. Tenant is wellestablished nursing school that leases 100% of spaces and recently signed a 10 yearslease.

PROPERTY HIGHLIGHTS

• Free standing

• Well maintained building

• Impact windows

• Prime location

• Good traffic

• 38 parking spaces

• Long term tenant

• Lease expires in 2030 with 2 options to renew

• 7.82% Cap rate

OFFERING SUMMARY

Sale Price: $1,700,000

Building Size: 9,952 SF

Lot Size: 0.56 Acres

Price / SF: $170.82

Cap Rate: 7.82%

NOI: $133,007

Year Built: 1973

Renovated: 2007

Zoning: MF-20

Market: Lake Worth

Submarket: Palm Spring / Lake Worth

SECTION 1 | PROPERTY INFORMATION

Executive Summary

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 5

Sale Price $1,700,000

LOCATION INFORMATION

Building Name Independence Hall

Street Address 1776 Lake Worth Rd

City, State, Zip Lake Worth Beach, FL 33460

County Palm Beach

Market Lake Worth

Sub-market Palm Spring / Lake Worth

Cross-Streets At the North - East corner ofLake Worth and I-95 over pass.

BUILDING INFORMATION

NOI $133,007.00

Cap Rate 7.82

Building Class C

Occupancy % 100.0%

Tenancy Single

Number of Floors 2

Average Floor Size 4,976 SF

Year Built 1973

Year Last Renovated 2007

Gross Leasable Area 9,952 SF

Construction Status Existing

Framing CBS

Condition Excellent

Free Standing Yes

Number of Buildings 1

PROPERTY INFORMATION

Property Type Office

Property Subtype Office Building

PARKING & TRANSPORTATION

Parking Type Surface

Number of Parking Spaces 38

UTILITIES & AMENITIES

SECTION 1 | PROPERTY INFORMATION

Property Details

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 6

LOCATION INFORMATION

Building Name Independence Hall

Street Address 1776 Lake Worth Rd

City, State, Zip Lake Worth Beach, FL 33460

County Palm Beach

Market Lake Worth

Sub-market Palm Spring / Lake Worth

Cross-Streets At the North - East corner ofLake Worth and I-95 over pass.

Signal Intersection No

BUILDING INFORMATION

NOI $133,007.00

Cap Rate 7.82

Building Class C

Occupancy % 100.0%

Tenancy Single

Number of Floors 2

Average Floor Size 4,976 SF

Year Built 1973

Year Last Renovated 2007

Gross Leasable Area 9,952 SF

Construction Status Existing

Framing CBS

Condition Excellent

Free Standing Yes

Number of Buildings 1

PROPERTY HIGHLIGHTS• Free standing

• Well maintained building

• Impact windows

• Prime location

• Good traffic

• 38 parking spaces

• Long term tenant

• Lease expires in 2030 with 2 options to renew

• 7.82% Cap rate

SECTION 1 | PROPERTY INFORMATION

Complete Highlights

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 7

SECTION 1 | PROPERTY INFORMATION

Additional Photos - 1st Floor

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 8

SECTION 1 | PROPERTY INFORMATION

Additional Photos - 2nd Floor

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 9

SECTION 1 | PROPERTY INFORMATION

1st Floor Plan

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 10

SECTION 1 | PROPERTY INFORMATION

2nd Floor Plan

SECTION 2

FINANCIAL ANALYSIS

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 12

INVESTMENT OVERVIEW

Price $1,700,000

Price per SF $170.82

CAP Rate 7.8%

Cash-on-Cash Return (yr 1) 0.0 %

Total Return (yr 1) $133,007

Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income $170,844

Other Income -

Total Scheduled Income $170,844

Vacancy Cost $0

Gross Income $170,844

Operating Expenses $37,837

Net Operating Income $133,007

Pre-Tax Cash Flow $133,007

FINANCING DATA

Down Payment $0

Loan Amount -

Debt Service -

Debt Service Monthly -

Principal Reduction (yr 1) -

SECTION 2 | FINANCIAL ANALYSIS

Financial Summary

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 13

INCOME SUMMARY PER UNIT

GROSS INCOME $170,844 -

EXPENSE SUMMARY PER UNIT

Property taxes $28,837 -

Property Insurance $4,000 -

Other expenses $5,000 -

GROSS EXPENSES $37,837 -

NET OPERATING INCOME $133,007 -

SECTION 2 | FINANCIAL ANALYSIS

Income & Expenses

SECTION 3

LOCATION INFORMATION

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 15

SECTION 3 | LOCATION INFORMATION

Site Plan

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 16

SECTION 3 | LOCATION INFORMATION

Parcel Map

SECTION 4

DEMOGRAPHICS

This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 18

POPULATION 1 MILE 2 MILES 3 MILES

Total Population 18,650 56,816 108,665

Average age 32.7 36.9 38.2

Average age (Male) 31.1 35.6 37.1

Average age (Female) 35.2 38.5 39.5

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 5,869 20,142 39,671

# of persons per HH 3.2 2.8 2.7

Average HH income $44,258 $53,199 $59,436

Average house value $140,755 $229,175 $268,152

* Demographic data derived from 2010 US Census

SECTION 4 | DEMOGRAPHICS

Demographics Map & Report