1www.landsolutions.netOFFERING MEMORANDUM

SANDY KEY LANEFORT MYERS, FL

Cook Rd.

Linton Rd.

Caloosahatchee River

SANDY KEY LANE

OFFERING PROCESS

Offers should be sent via Contract or Letter of Intent to include, but not limited to, basic terms such as purchase price, earnest money deposit, feasibility period and closing period.

PLEASE DIRECT ALL OFFERS TO:Doug Meschko - dmeschko@landsolutions.net

Justin ThibautDirector of Sales

Doug Meschko, MBA, ALCMarket Research Director

Randy Thibaut, ALCOwner / CEO

13.89± Acres

RPD planned for 48 residential single family lots

ACOE and ERP in hand

$1,995,000$41,652 per unit$143,629 per acre

Size:

Zoning:

Permits:

Price:

O F F E R I N G S U M M A RY

E X E C U T I V E T E A M

MARKETED AND EXCLUSIVELY LISTED BY:

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EXECUTIVE SUMMARY

Sandy Key Lane is a 13.89± acre residential planned development located off Iona Rd., in close proximity to Sanibel Island and Fort Myers Beach. This location offers quick access to these popular rec-reation and vacation destinations, as well as major City of Fort Myers attractions and commercial centers via McGregor Blvd. and Sum-merlin Rd. Although situated in such an accessible area, Sandy Key creates a resort-style feeling of seclusion as it is nestled just a few feet from the Caloosahatchee River and surrounded by lower-den-sity upscale single family residential projects.

The property was recently rezoned for 48 single family units and has ACOE and ERP permitting in hand. With this up-front entitlement work completed, this offers a builder/developer the opportunity to deliver product near-term, taking advantage of increasing permit activity within this submarket. In addition, many neighboring devel-opments are reaching maturity, which bodes well for buyers seek-ing quick absorption and lower long-term carry costs. Sandy Key Lane is well situated for builders and developers seeking a unique site that offers up to 48 residential units in an area that is poised to absorb new product quickly.

Caloosahatchee River

Cook

Rd. Iona Rd.

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123

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LOCATION MAP

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SITE PLAN

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WALDROP

PREPARED FOR:

PROJECT

CIVIL ENGINEERING & LANDDEVELOPMENT CONSULTANTS

UPDATED:FILE NAME:

FLORIDA CERTIFICATE OF AUTHORIZATION #8636

28100 BONITA GRANDE DRIVE - SUITE 305BONITA SPRINGS, FL 34135

P: 239-405-7777 F: 239-405-7899EMAIL: info@waldropengineering.com

EXHIBIT

2016/11/014390202BASE

0

SCALE IN FEET

25 50 100

EXISTING SWALE TOP OF BANK

EXISTING SWALE TOE OF SLOPE

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MASTER CONCEPT PLAN

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SITE AERIAL

McGregor Blvd.

Iona Rd.

Cook

Rd.

Fort Myers BeachSanibel Island

Punta Rassa Boat Ramp

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SPORTS & RECREATIONThe Southwest Florida environment provides excellent weather for enjoying sports and recreation year-round. Golfers can enjoy the nearby Fort Myers Country Club Golf Course as it’s just one of many golf courses from which to choose in the Fort Myers area. Baseball fans can enjoy two MLB teams during Spring Training season – The Boston Red Sox at JetBlue Park and The Minnesota Twins at CenturyLink Sports Complex (Hammond Stadium). The Fort Myers Miracle baseball team plays during the summer months and a variety of sporting events occur year round at these world-class facilities. Finally, Fort Myers’ location on the Gulf of Mexico make it an excellent place to enjoy a variety of water sports such as boating, kayaking and fishing.

AREA AMENITIES

ATTRACTIONS & ENTERTAINMENTSouthwest Florida’s greatest attractions and entertainment opportunities offer something for everyone, from festival-goers and theatre lovers to families and college students. San Carlos Bay Preserve and Estero Bay Preserve State Park are two of the closest nature attractions. Each provide wonderful opportunities to explore the Southwest Florida environment and enjoy the beautiful weather. Sun Harvest Citrus is also a very popular outing with a Florida flair, where visitors can purchase grove-fresh oranges and orange juice. Of course, the beaches – including world renowned Sanibel and Captiva Islands and Fort Myers Beach – and other Fort Myers attractions are within a few miles of the property. Additional entertainment can be found throughout the area. From the festivals of The Fort Myers River District to world-class entertainment at Barbara B. Mann Performing Arts Hall and Germain Arena, there is an abundance of cultural and entertainment opportunities for residents to enjoy year-round.

EDUCATIONA highly respected private educational institution, Hodges University, is located just 11 miles from the property. Other higher education opportunities in Fort Myers include Florida Gulf Coast University and Florida Southwestern State College. These are easily accessible, making the site an excellent location for students. For families with children, the School District of Lee County provides excellent public schools within very close proximity to the property. The District provides busing for those who wish to attend a school outside of the immediate neighborhood.

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SHOPPING & DININGA plethora of shopping and dining attractions are situated conveniently throughout Fort Myers.

BELL TOWER SHOPS is a landmark shopping, dining and entertainment destination centrally located in Fort Myers, Florida. The open-air center offers fine retail shops including eclectic boutiques and shopping favorites Williams-Sonoma, Chico’s, White House | Black Market, Victoria’s Secret, Scout & Molly’s Boutique, and Talbots. Exceptional shopping is complemented by distinctive restaurants such as Bistro 41, Cru, DaRuMa Japanese Steak House, Grimaldi’s Pizzeria, Blue Pointe Oyster Bar & Seafood Grill, Cantina Laredo, Mimi’s Café, T.G.I. Friday’s, and Society. A community partner and pet-friendly destination, Bell Tower Shops hosts special events throughout the year, including concerts, fundraisers, art fairs, and more.

GULF COAST TOWN CENTER is a sophisticated contemporary shopping experience with more than 100 stores and restaurants and over a million square feet of business space. The mall hosts special events

throughout the year. Bass Pro Shops, Costco, Regal Cinemas, Super Target, and Best Buy anchor this center.

THE FORUM is a 458,000± square foot retail property and presents numerous shopping and dining opportunities to Fort Myers residents. Retail stores include Staples, The Home Depot, Bed Bath & Beyond, and Petco. Dining options include Buffalo Wild Wings, Five Guys Burgers and Fries, McAlister’s Deli, and Starbucks.

COCONUT POINT is a picturesque outdoor mall featuring over 140 stores including Dillard’s, Target, Apple Store, Michael Kors, and Barnes & Noble – all surrounding several acres of lakes with a boardwalk. Experience a wide range of dining options, from the elegant Ruth’s Chris Steakhouse and South Fork Grille, to family favorites Ted’s Montana Grill, Rodizio Grill, Bokamper’s Sports Bar and Grill or California Pizza Kitchen. Additionally, the 16 screen Hollywood Theaters is within walking distance of many of the restaurants in this complex.

LOCATION HIGHLIGHTS

• 2± miles from San Carlos Bay-Bunche Beach Preserve

• 3± miles from Punta Rassa Boat Ramp

• 3± miles from Kelly Rd. Soccer Fields

• 4± miles from Wa-Ke Hatchee Park & Recreation Center

• 6± miles from Fort Myers and Sanibel Beaches

• 18± miles from Southwest Florida International Airport

AREA AMENITIES

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DEMOGRAPHIC PROFILE5 MILE RADIUS

SANDY KEYLANE

L I M I TAT I O N S A N D D I S C L A I M E R S

The content and condition of the property provided herein is to the best knowledge of the Seller. This disclosure is not a warranty of any kind; any information contained within this proposal is limited to information to which the Seller has knowledge.

Information in this presentation is gathered from reliable sources, and is deemed accurate, however any information, drawings, photos, site plans, maps or other exhibits where they are in conflict or confusion with the exhibits attached to an forthcoming purchase and sale agreement, that agreement shall prevail.

It is not intended to be a substitute for any inspections or professional advice the Buyer may wish to obtain. An independent, professional inspection is encouraged and may be helpful to verify the condition of the property.

The Seller and Land Solutions, Inc. disclaim any responsibility for any liability, loss or risk that may be claimed or incurred as a consequence of using this information. Buyer to hold any and all person’s involved in the proposal of the property to be held harmless and keep them exonerated from all loss, damage, liability or expense occasioned or claimed.

Potential Buyer acknowledges that all property information, terms and conditions of this proposal are to be kept confidential, and concur that either the Potential Buyers, nor their agents, affiliates or attorneys will reveal this information to, or discuss with, any third parties.

Buyer will be a qualified Buyer with significant experience in entitlement and development process in Lee County with finesse and wherewithal and be willing to be interviewed by the Land Solutions team.

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SANDY KEY LANEFORT MYERS, FL

Land Solutions Inc. was founded in 2000 by Randy Thibaut to serve land owners, developers and home builders in acquiring land suitable for the development of residential and commercial properties. Today, Land Solutions is a recognized leader in Southwest Florida real estate brokerage, offering full land services, market research, asset management, and residential/commercial land marketing specialties. The Land Solutions team consists of highly skilled professionals with expertise in every aspect of the development process. The team specializes in current market and valuation issues, acquisition and disposition services, due diligence evaluation, permitting status and compliance, work-out projects, asset management, and land zoning and planning.

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