™

OFFERING MEMORANDUM1450 S BURLINGTON AVE | HASTINGS, NE

CRYSTAL CREEK LOGISTICS

LISTED BY:

TABLE OF CONTENTS

INVESTMENT SUMMARY 3

FINANCIAL OVERVIEW 6

TENANT OVERVIEW 8

AREA OVERVIEW 10

BROKER OF RECORDKYLE MATTHEWSBroker of Record DIRECT +1 214 692 2886LIC # 20170883 (NE)

INVESTMENT HIGHLIGHTS » Strong Commitment to Location – Crystal Creek Logistics recently renovated this site for their operations including 2 brand new

freezers and HVAC units at their expense. In addition, Crystal Creek executed a brand new 5-year lease extension.

» Industrial Synergy – Site is located near Industrial tenants including Sunbelt Rentals, Thermo King, UPS, Central Logistic Services, and Napa Auto Parts.

» Nationally Recognized and Expanding Tenant – Crystal Creek Logistics operates across 5 states in North America with over 60 years of combined leadership. The company was founded in 2008 and continues to operate in frozen and dry fulfillment, and logistical services.

» Strong Lease Guarantee – Crystal Creek Logistics operates in NE, VA, WA, TN, and NV. The lease is guaranteed by Crystal Creek.

» Ideal Logistic Sites – This facility was built in 1994 and recently was renovated for operations. The property is 52,000 SF with 3 docks and 3 drive-ins, 1.54 acres, and access to multiple major highways.

» Ease of Ownership – Tenant handles all expenses for day to day operations. Lease is fully NNN, making this investment ideal for passive ownership.

SUB J E C TP ROP E R T Y

FINANCIAL OVERVIEW

CRYSTAL CREEK LOGISTICS 1450 S Burlington Ave | Hastings, NE

List Price $2,400,000.00

P/SF $46.15

Cap Rate 7.72%

Rent $185,200.00

TENANT SUMMARYLease Term Remaining ±5 years

Lease Type NNN

Type of Ownership Fee Simple

Year Built 1994

Construction Steel

Docks 3

Drive Ins 3

SF ±52,000 SF

Ceiling Height 16'-18'

Acreage ±1.54 AC

Address Term Rent PSF Monthly Rent Annual NOI Cap Rate

1506 S Burlington Ave Oct 1 2019 - Sept 30 2024 $3.60 $9,400.00 $115,200.00 -

1450 S Burlington Ave Feb 1 2016 - Jan 31 2021 $3.50 $5,833.33 $70,000.00 -

Total $15,433.33 $185,200.00 7.72%

ANNUALIZED OPERATING DATA

TENANT OVERVIEW

On the beautiful coast of Washington State in the shadow of the snow-capped Cascade Mountains, two fulfillment industry veterans Cathy Hayward-Hughes and Mike Bradburn had a dream to build the number one ecommerce frozen fulfillment company in the United States. With over 60 years of combined experience in operations management, sales, business development, inventory management, and shipping they knew their dream could become a reality.

With a business model that was innovative, creative, and modern, Cathy and Mike founded Crystal Creek Logistics in a modest Ferndale, Washington warehouse with a single client. The operations team was small, and the administrative team was even smaller – everyone felt like family. As a new company, they shipped their first package on May 5, 2008, yet this was a continuation of 8 years of prior shipping for their initial customer.

Since then, Crystal Creek has grown significantly and is a nationally recognized leader in frozen fulfillment with our broad expertise and constant innovation. Four warehouses are strategically placed across the nation allowing for unmatched transit times and lower shipping costs. Their dedicated team of employees upholds the values and mission with every package they ship. As the last hands that touch your product before it reaches your customer, we understand the need for accuracy, reliability and quality.

W W W . C R Y S T A L C R E E K L O G I S T I C S . C O M

“ S H I P P I N G I S N ’ T J U S T A J O B , I T ’ S A W A Y O F L I F E ”

AREA OVERVIEW

11

HASTINGS, NEHastings is a lively and progressive city with a population of 25,000, and located in the agricultural heartland of south-central Nebraska. Here visitors will find an interesting mix of commerce and industry, first-rate healthcare offerings, athletic and cultural opportunities, and plenty of ways to invest your valuable time and talents.

Hastings provides impressive post-secondary and adult educational opportunities, including Hastings College, one of the leading liberal arts colleges in the country, and the Central Community College-Hastings Campus. The result is a highly educated and involved citizenry that drives the city’s economy, culture, and daily life.

The Hastings Museum of Natural and Cultural History - with its Lied Super Screen Theatre - is the largest municipal museum between Lincoln and Denver. With a wide variety of citywide events and festivals, a bustling shopping scene, three golf courses (including one that is PGA-certified), a world-class softball facility, beautiful parks, a local race track, easy access to the timeless spectacle of migrating Sandhill cranes, and so much more, Hastings will keep visitors engaged for a weekend, a month, or a lifetime.

POPULATION 1-Mile 3-Mile 5-Mile

2025 Projection 3,629 23,368 26,387

2020 Estimate 3,570 23,235 26,139

Growth: 2020-2025 1.65% 0.57% 0.95%

HOUSEHOLDS 1-Mile 3-Mile 5-Mile

2025 Projection 1,437 9,828 10,937

2020 Estimate 1,410 9,697 10,757

Growth: 2020-2025 1.92% 1.35% 1.67%

INCOME 1-Mile 3-Mile 5-Mile

2020 Average Household Income $58,250 $67,919 $70,719

AREA DEMOGRAPHICS

CONFIDENTIALITY & DISCLAIMER STATEMENTThis Offering Memorandum contains select information pertaining to the business and affairs of Crystal Creek Logistics located in 1450 S Burlington Ave, Hastings, NE 68901 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential;2. You will hold it and treat it in the strictest of confidence; and3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental

to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

™

I N D U S T R I A L

™

LISTED BY:

BROKER OF RECORDKYLE MATTHEWS

Broker of Record DIRECT +1 214 692 2886

LIC # 20170883 (NE)

OFFERING MEMORANDUM1450 S BURLINGTON AVE | HASTINGS, NE

CRYSTAL CREEK LOGISTICS