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525 ACRE MIXED-USE DEVELOPMENT SITE LINCOLN, NEBRASKA BIDS DUE BY: FEBRUARY 18, 2015 AT NOON CT OFFERING MEMORANDUM AUCTION STATE OWNED 2 OPTION PARCELS N

STATE OWNED - Braun€¦ · INCENTIVE: Tax Increment Financing (TIF) ... Braun Worldbid and ZSA Realty Group are pleased to present this amazing industrial and commercial mixed-use

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Page 1: STATE OWNED - Braun€¦ · INCENTIVE: Tax Increment Financing (TIF) ... Braun Worldbid and ZSA Realty Group are pleased to present this amazing industrial and commercial mixed-use

525 ACRE MIXED-USE DEVELOPMENT SITELINCOLN, NEBRASKA

BIDS DUE BY: FEBRUARY 18, 2015 AT NOON CT

OFFERING MEMORANDUM

AUCTIONSTATE

OWNED

2 OPTIONPARCELS

N

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THIS IS AN OFFERING MEMORANDUM intended for buyers interested in the 525 Acre Mixed-Use Development Site in Lincoln, Nebraska as more particularly described herein (“Property”). This memorandum contains information pertaining to the Property’s seller (“Seller”) and has been prepared by BRAUN, Inc. (“BRAUN”) and ZSA Realty Group (“Broker”). Although representatives of the seller have reviewed this memorandum, it does not purport to be all-inclusive or contain all of the information that a potential investor may desire. Neither the seller, nor any of its members, officers, directors, employees or agents, nor BRAUN, nor ZSA Realty Group, make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. The seller, ZSA Realty Group and BRAUN disclaims any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited. The information contained herein represents estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to environmental condition of the property, or as to any other aspect of the property.

This memorandum shall not be deemed an indication of the state of affairs of the seller or constitute an indication that there has been no change in the business or affairs of the seller since the date of preparation of this memorandum. Neither the seller, ZSA Realty Group nor BRAUN undertake any obligation to provide additional information or to correct or update any of the information contained in this confidential memorandum.

OFFERING MEMORANDUM

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section 1B Location Advantages

1230 Rosecrans Ave. Suite 160 | Manhattan Beach, CA 90266 | fax 310.798.3123Los Angeles | San Francisco | New York | Chicago | Cleveland | Miami

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BRE #01912556 | BOND #0347742

section 2 Demographic Overview

section 3 Business and Economic Development

section 4 Lincoln Industrial Market Report

section 1A 525 Acre Mixed-Use Development Site | NETHE PROPERTY

section 5 Auction Information

In partnership with:

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The Property THE PROPERTY

SITE OVERVIEW:

Located in northeast Lincoln abutting the I-80. Great access to electric power, fiber, and water utilities. Site at the NW corner of Interstate 80 and Hwy 77 North (N.56th Street)

SITE SIZE:

525 Acre Site - Under single ownership of the largest land developers in Lincoln, NE

ZONING:

Currently zoned Agricultural. Future land use designated as Regional Commercial and Light Industrial. Any change of zone will be expedited by the City of Lincoln.

INCENTIVE: Tax Increment Financing (TIF) & Nebraska Advantage Floodplain & Floodway- Entire property out of the 100 and 500 year floodplain and floodway

GAS: Provided by Black Hills Energy 4” – 74 lb pressure gas line in N. 56th Street and Arbor Road

WATER: 24 inch water main 1/2 mile from campus site. Adequate well water is available for redundant supply with the planned creation of a retention (stor-age) pond to provide additional capacity. SANITARY SEWER- 18 inch sanitary sewer line 1/2 mile from campus site.

ENVIRONMENTAL: Phase 1 environmental has been completed. A clean Phase 1 environmental report is available for review as well as geotechnical boring logs. Electric Power! Rates that are 42 percent lower than the national average. Power cost ±4.0 cents/kWh. This location has a 115kV transmission line on-site. Close proximity to existing substation with approximately 30MW available ca-pacity. If electric load growth of campus is large enough, Lincoln Electric System (provider) would consider locating a second substation on this site, providing additional capacity and redundancy.

TELECOMMUNICATIONS: The state is rich in dark and lit fiber. A vast network of multiple local carriers and numerous long haul carriers traverse the state along Interstate 80 and other essential transportation corridors in all directions. Ne-braska’s central locality is key to the connections these carriers make in Denver and Chicago, continuing on throughout the U.S. and around the world.

MULTIPLE TELECOM PROVIDERS:

■■ Level (3), AT&T, Qwest, Sprint, Verizon/MCI, XO, Cogent, 360 Networks, PinPoint/Fiberlink, Windstream, Unite Private Networks, Global Crossing, McLeod and many more.

■■ Capacity for multiple 10 gig connections

■■ Long Haul Dark Fiber Available

PROPERTY HIGHLIGHTS

525 ACRE MIXED-USE DEVELOPMENT SITE LINCOLN, NEBRASKA

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525 ACRE MIXED-USE DEVELOPMENT SITE

DESCRIPTION OF PROPERTY

Braun Worldbid and ZSA Realty Group are pleased to present this amazing industrial and commercial mixed-use business center development in North Bluff, Nebraska.

North Bluff sits directly on Interstate 80 and US HWY 77 in Lincoln, NE. Inter-state 80 is one the most highly traveled roads of transportation in the United States spanning from San Francisco, CA in the west to the State of New York in the east. Lincoln, NE sits almost in the exact middle of the United States making this site ideal as a central location for distribution facility in the coun-try. This will allow a central facility to be the main hub of midwest, east coast and west coast shipping.

This 525 acre development has approximately 150 acres zoned for a regional retail commercial center. This would be an ideal location for an outlet mall development. It also has an additional 450 acres zoned as employment cen-ter. This development has sites to accommodate Data Centers, Manufactur-ing Centers, Distribution Centers, Large Corporate Offices, Outlet Retail Mall and Hospitality.

Retail Center Statistics

Regional Commercial

128.4 Acres

1,118,621 S.F.

Hospitality

19 Acres

165,528 S.F.

Distribution & Manufacturing

232.2 Acres

2,022,926 S.F.

Corporate Office

30 acres

261,360 S.F.

Total Retail Center: 147.4 Acres

1,284,149 S.F.

Total Development: 262.2 Acres

2,284,286 S.F.

PERMITTED USE

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LINCOLN AREA

POPULATION: 295,575

LOCATION TO AIRPORT: Lincoln Municipal Airport – 8.5 miles

Epply Airfield, Omaha – 55 miles

Duncan Aviation – 8.0 miles

RAILROAD: 2.8 miles (N. 56th & Cornhusker Highway)

EDUCATED COMMUNITY:■■ 93% of adults with high school education or higher

■■ 35% of adults with bachelor’s degrees or higher

SEVEN COLLEGES & UNIVERSITIES:■■ University of Nebraska

■■ Lincoln Southeast Community College

■■ Nebraska Wesleyan University

■■ Doane College

■■ Concordia University

■■ Union College

■■ Kaplan University

RANKED #1 BY FORBES AS “AMERICA’S BEST CITIES FOR NEW JOBS”

RANKED #2 BY FORBES AS “BEST CITIES FOR A HOUSING RE-COVERY”

RANKED #4 BY FORBES AS “BEST OVERALL BUSINESS CLI-MATE AMONG SMALLER METROPOLITAN AREAS”

RANKED #5 BY FORBES AS “BEST PLACES FOR BUSINESS & CAREERS”

RANKED #10 BY EXPANSION MANAGEMENT MAGAZINE AS “BEST PLACES IN U.S. TO LOCATE A COMPANY”

RANKED #22 BY INC. MAGAZINE AS “BEST SMALL METRO AREAS FOR STARTING AND GROWING A BUSINESS”

525 ACRE MIXED-USE DEVELOPMENT SITE

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INCENTIVES

TAX INCREMENT FINANCING (TIF)

Located within a City of Lincoln TIF District. The incentive amount varies according to the value of the project (in real property). TIF funds can be used for land acquisition, site prep work, utility extensions, and other qualifying expenditures.

NEBRASKA ADVANTAGE

NEBRASKA’S NEW GENERATION OF ECONOMIC DEVELOPMENT INCENTIVES:

The Nebraska Advantage package was designed to create a business climate that makes Nebraska the preferred location for starting and growing your business. The Nebraska Advantage rewards businesses that invest in the state and hire Nebraskans. In this progressive, pro-business tax climate, corporate income and sales taxes are reduced or virtually eliminated. This year, the Nebraska Legislature passed LB895 - the Nebraska Super Advantage - adding Super Tier 6 to the already competitive incentives package.

THE NEBRASKA ADVANTAGE PACKAGE BENEFITS BUSINESSES WITH:

■■ Investment credits

■■ Wage credits

■■ Sales tax refund

■■ Customized job training

■■ Research and development tax credits

■■ Nebraska also offers:

■■ Employees with an unmatched work ethic

■■ Central location offering an integrated system of interstates,

■■ Mainline railroads and airports

■■ A 100% public power system (the only state that offers it)

■■ Providing customers with electrical power at some of the lowest rates in the nation

NEBRASKA SIGNS NEW LEGISLATION FOR DATA CENTERS

LB918 was signed on 4-14-10. This bill provides new tax incentives for Data

Centers and is the first of its kind in the United States.

525 ACRE MIXED-USE DEVELOPMENT SITE

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525 ACRE MIXED-USE DEVELOPMENT SITE

STATEOWNED

2 OPTIONPARCELS

N

INTERSTATE 80 (I-80)

US HWY 77 (N 56TH ST)

BLUFF ROAD

N 40TH ST (NEW BRIDGE

OVER I-80)

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All inform

ation contained herein is not guaranteed and is subject to change without notice. The inform

ation has been obtained from sources w

e believe to be reliable, however, w

e accept no responsibility for its correctness.

6

North Bluff E m p l o y m e n t C e n t e r

Regional Commercial128.4 Acres X .2FAR = 1,118,621 SFHospitality19 Acres X .2FAR = 165,528 SF

SUBTOTAL: 147.4 Acres 1,264,149 SF

OFFICE-INDUSTRIAL STATISTICS

Distribution & Manufacturing232.2 Acres X .2FAR = 2,022,926 SFCorporate Office30 Acres X .2FAR = 261,360 SF

SUBTOTAL: 262.2 Acres 2,284,286 SF

525 ACRE MIXED-USE DEVELOPMENT SITE

RETAIL CENTER STATISTICS

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LINCOLN, NEBRASKA | FUTURE LAND USE

Residential - Urban DensityResidential - Low DensityCommercialIndustrialGreen SpacePublic & Semi-PublicLakes & StreamsEnvironmental ResourcesAgriculturalAgricultural Stream CorridorFuture Service LimitPotential Large Employer Opportunity Areas

525 ACRE DEVELOPMENT SITE

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! ! ! ! ! ! ! ! ! ! ! ! ! !! ! ! ! ! ! ! ! ! ! ! ! ! w w w. Z S A r e a l t y g r o u p . c o m

All information contained herein is not guaranteed and is subject to change without notice. The information has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

11

Pacif ic Ocean

A t l a n t i c O c e a n

G u l f o f M e x i c o

Lincoln

Kansas City, MO198 miles

Chicago, IL535 miles

Minneapolis, MN425 miles

Cheyenne, WY436 miles

Denver, CO485 miles

Dallas, TX625 miles

Atlanta, GA991 miles

525 ACRE MIXED-USE DEVELOPMENT SITE

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LOCATION ADVANTAGES

STRATEGIC LOCATION ALONG THE INTERSTATE I-80

Interstate 80 (I-80) is a transcontinental highway in the United States that runs from downtown San Francisco, Cal-ifornia to the New York City Metropolitan Area. The high-way was designated in 1956 as one of the original routes of the Interstate Highway system. It is the second-longest Interstate Highway in the United States and runs through many major cities including Salt Lake City, Utah, Sacra-mento, California and Lincoln, Nebraska. After Lincoln, I-80 turns northeast towards Omaha. It then crosses the Mis-souri River in Omaha to enter the State of Iowa.

MAJOR MARKETS: LINCOLN TO OMAHA, NE

The development site is approximately one hour from Omaha, NE – the largest city in the state of Nebraska with nearly 1.3 million residents within a 50-mile radius of the city’s center.

According to USA Today, Omaha ranks eighth among the nation’s 50 largest cities in both per-capita billionaires and Fortune 500 companies.

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Demographic Overview

Adopted October 25/ October 31, 2011 1.1

IntroductIonThe core promise embedded in LPlan 2040 is to maintain and enhance the health, safety and welfare of our community during times of change, to promote our ideals and values as changes occur, and to meet the needs of today without sacrificing the ability of future generations to meet their needs. LPlan 2040 is specific to Lincoln and Lancaster County and it recognizes the factors that make us unique. This Plan acknowledges the importance and interconnectedness of economic, environmental, and socio-cultural domains, and the ways in which technology and public policy are applied and affect outcomes in these domains. The Plan therefore is a combination of practicality and vision, and provides guidelines for sustaining the rich mosaic that now characterizes our growing community.

The Vision Statements that follow include goals that are worded as descriptions of the desired future conditions.

In this ChapterIntroduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1

Vision Statements . . . . . . . . . . . . . . . . . . . . . . . . 1.2

Implementation of the Vision . . . . . . . . . . . . . 1.6

Land Use Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.7

Timing: Future Growth Tier Map . . . . . . . . . . 1.7

LPlan 2040 Elements . . . . . . . . . . . . . . . . . . . .1.11

Vision & Plan1The LPlan 2040 Vision provides a broadly painted horizon for the community’s future. The vision statements and goals describing the desired future condition provide guidance for individual land use decisions and other actions that collectively will determine the future of Lincoln and Lancaster County.

LPlan2040

Lincoln and Lancaster County contain a rich mosaic of households, living in a variety of urban and rural settings. But they share a common bond and work cooperatively to promote future growth that offers new opportunities for living and working while conserving the local environmental and cultural resources for future generations.

Lincoln and Lancaster County are home to many major assets that

enhance the quality of life for all residents. However, access to quality

of life assets is impossible without adequate infrastructure. LPlan 2040

acknowledges this fact, and commits to use access to quality of life assets

as a decision-making criterion.

Lincoln and Lancaster County must have a sustainable tax base to provide

quality services to residents. LPlan 2040 recognizes that technological

change and global economic forces have a direct impact on local

employment and quality of life.

Adopted October 25/ October 31, 2011 1.1

IntroductIonThe core promise embedded in LPlan 2040 is to maintain and enhance the health, safety and welfare of our community during times of change, to promote our ideals and values as changes occur, and to meet the needs of today without sacrificing the ability of future generations to meet their needs. LPlan 2040 is specific to Lincoln and Lancaster County and it recognizes the factors that make us unique. This Plan acknowledges the importance and interconnectedness of economic, environmental, and socio-cultural domains, and the ways in which technology and public policy are applied and affect outcomes in these domains. The Plan therefore is a combination of practicality and vision, and provides guidelines for sustaining the rich mosaic that now characterizes our growing community.

The Vision Statements that follow include goals that are worded as descriptions of the desired future conditions.

In this ChapterIntroduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1

Vision Statements . . . . . . . . . . . . . . . . . . . . . . . . 1.2

Implementation of the Vision . . . . . . . . . . . . . 1.6

Land Use Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.7

Timing: Future Growth Tier Map . . . . . . . . . . 1.7

LPlan 2040 Elements . . . . . . . . . . . . . . . . . . . .1.11

Vision & Plan1The LPlan 2040 Vision provides a broadly painted horizon for the community’s future. The vision statements and goals describing the desired future condition provide guidance for individual land use decisions and other actions that collectively will determine the future of Lincoln and Lancaster County.

LPlan2040

Adopted October 25/ October 31, 2011 1.1

IntroductIonThe core promise embedded in LPlan 2040 is to maintain and enhance the health, safety and welfare of our community during times of change, to promote our ideals and values as changes occur, and to meet the needs of today without sacrificing the ability of future generations to meet their needs. LPlan 2040 is specific to Lincoln and Lancaster County and it recognizes the factors that make us unique. This Plan acknowledges the importance and interconnectedness of economic, environmental, and socio-cultural domains, and the ways in which technology and public policy are applied and affect outcomes in these domains. The Plan therefore is a combination of practicality and vision, and provides guidelines for sustaining the rich mosaic that now characterizes our growing community.

The Vision Statements that follow include goals that are worded as descriptions of the desired future conditions.

In this ChapterIntroduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1

Vision Statements . . . . . . . . . . . . . . . . . . . . . . . . 1.2

Implementation of the Vision . . . . . . . . . . . . . 1.6

Land Use Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.7

Timing: Future Growth Tier Map . . . . . . . . . . 1.7

LPlan 2040 Elements . . . . . . . . . . . . . . . . . . . .1.11

Vision & Plan1The LPlan 2040 Vision provides a broadly painted horizon for the community’s future. The vision statements and goals describing the desired future condition provide guidance for individual land use decisions and other actions that collectively will determine the future of Lincoln and Lancaster County.

LPlan2040

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The City and County have experienced significant increases in commercial and industrial development over the last several decades. Numerous new shopping centers, office complexes, and industrial facilities have been built – represent-ing valuable economic resources for the community.

Lincoln remains the County’s dominant home to both the commercial and in-dustrial sectors of the local economy. Virtually all of the recent growth in com-mercial space – that is, retail, office, and service uses – has occurred within the city limits of Lincoln. Most manufacturing expansion has also taken place in Lincoln with a few industries locating in the City of Waverly. This clustering of commercial and industrial activity in the City of Lincoln has been completed in accordance with the goals of previous comprehensive plans.

Industrial employment is considered an employment sector with moderate growth potential for the city and county. Using the population projections dis-cussed earlier, LPlan 2040 foresees the demand for nearly 1,400 acres of addi-tional industrial property over the planning period. Locations for future indus-tries should be sought on land outside of the 100 year floodplain. The City’s policy is to site Industrial Centers in the land use plan in advance in order to ensure public safety and adequate infrastructure. The Lincoln/Lancaster Coun-ty Health Department should be involved in all siting of new industrial centers to ensure the publics health and safety.

SIZE: Moderate to Heavy Industrial Centers should be over 80 acres in size, with planned industrial centers of over 200 acres preferred.

DESCRIPTION: Moderate to Heavy Industrial Centers are primarily for manu-facturing, processing and assembly uses such as Veyance, Archer Daniels Mid-land, and Kawasaki. In the past, large industrial users were often located in iso-lation from each other; preferably industries should locate together in planned industrial centers. Many industrial centers also include some warehouse, stor-age and contractor yard uses with a minor amount of supporting commercial use — but they should be and usually are over 75% industrial use.

SPACING: Moderate to Heavy Industrial uses are encouraged to locate near each other in planned industrial centers. Planned industrial centers should generally be distributed throughout the community.

CRITERIA: New industrial centers should be distant from existing or planned residential areas. Industrial uses should be located in close proximity to each other. Transitional uses (such as offices or commercial uses) should develop be-tween Moderate to Heavy Industrial Centers and residential uses. In redevel-oping areas, lesser setbacks may be acceptable due to the existing conditions, as long as industrial zoning does not get closer to existing residences. Each planned industrial district should be established only after further consider-ation of site characteristics, buffering and appropriate zoning.

Business & Economic Development

COMMERCIAL & INDUSTRIAL DEVELOPMENT

INDUSTRIAL CENTERS

MODERATE TO HEAVY INDUSTRIAL CENTERS (HI)

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INDUSTRIAL CENTERS (CONTINUED)

SIZE: Light Industrial Centers should be a minimum of 50 acres in size, with larger planned centers preferred.

Description: Light Industrial Centers are primarily for lighter manufacturing uses with some additional office and retail uses located within the center, such as the Chamber Industrial Park at S. 14th Street & Old Cheney Road.

SPACING: Light Industrial Centers should generally be distributed throughout the community. Particularly, new Light Industrial Centers should be located in new growth areas of the city.

CRITERIA: Light Industrial Centers can be located more closely to residen-tial uses than Moderate to Heavy Industrial Centers, though residential uses should be buffered through landscaping, large setbacks and transitional uses, such as office or open space. In redeveloping areas, smaller setbacks may be acceptable due to the existing conditions, as long as existing industrial zoning does not get closer to existing residences.

LIGHT INDUSTRIAL CENTERS (LI)

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Lincoln Industrial Market Report

6 The CoStar Industrial Report ©2014 CoStar Group, Inc.

Lincoln � Third Quarter 2014

Lincoln Industrial MarketThird Quarter 2014 – Lincoln

Lincoln Industrial Market

©2014 CoStar Group, Inc. The CoStar Industrial Report 7

Flex Market Statistics Third Quarter 2014

YTD Net YTD Under Quoted

Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Downtown Lincoln 4 53,626 0 0 0.0% 0 0 0 $9.50

East 2 11,863 10,100 10,100 85.1% (10,100) 0 0 $5.50

Far South 12 154,082 10,000 10,000 6.5% 0 10,000 0 $8.50

North Central 27 358,808 0 0 0.0% 0 0 0 $5.41

North Lancaster County 0 0 0 0 0.0% 0 0 0 $0.00

Northeast 92 1,207,788 12,372 12,372 1.0% (868) 0 0 $4.68

Seward County 2 22,500 0 0 0.0% 0 0 0 $5.75

South 20 332,381 18,550 18,550 5.6% (1,462) 0 0 $6.26

South Lancaster County 1 9,536 0 0 0.0% 0 0 0 $0.00

West 17 180,749 21,350 21,350 11.8% (10,000) 0 0 $8.33

Totals 177 2,331,333 72,372 72,372 3.1% (22,430) 10,000 0 $5.63

Source: CoStar Property®

Warehouse Market Statistics Third Quarter 2014

YTD Net YTD Under Quoted

Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Downtown Lincoln 7 365,822 0 0 0.0% 0 0 0 $0.00

East 20 517,560 42,288 42,288 8.2% 0 0 0 $4.00

Far South 44 2,087,881 330,485 330,485 15.8% (274,509) 0 0 $4.27

North Central 187 6,817,094 109,950 109,950 1.6% 20,627 0 0 $2.84

North Lancaster County 38 1,793,206 0 0 0.0% 0 0 0 $5.50

Northeast 253 6,065,353 196,544 196,544 3.2% (79,546) 0 0 $3.73

Seward County 4 345,722 0 0 0.0% 0 0 0 $3.50

South 106 1,288,212 34,084 34,084 2.6% 29,400 13,650 0 $5.36

South Lancaster County 18 185,068 0 0 0.0% 0 0 0 $0.00

West 182 5,057,352 92,468 92,468 1.8% 60,246 5,450 0 $3.37

Totals 859 24,523,270 805,819 805,819 3.3% (243,782) 19,100 0 $3.53

Source: CoStar Property®

Total Industrial Market Statistics Third Quarter 2014

YTD Net YTD Under Quoted

Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Downtown Lincoln 11 419,448 0 0 0.0% 0 0 0 $9.50

East 22 529,423 52,388 52,388 9.9% (10,100) 0 0 $4.81

Far South 56 2,241,963 340,485 340,485 15.2% (274,509) 10,000 0 $4.36

North Central 214 7,175,902 109,950 109,950 1.5% 20,627 0 0 $2.89

North Lancaster County 38 1,793,206 0 0 0.0% 0 0 0 $5.50

Northeast 345 7,273,141 208,916 208,916 2.9% (80,414) 0 0 $3.95

Seward County 6 368,222 0 0 0.0% 0 0 0 $3.57

South 126 1,620,593 52,634 52,634 3.2% 27,938 13,650 0 $5.75

South Lancaster County 19 194,604 0 0 0.0% 0 0 0 $0.00

West 199 5,238,101 113,818 113,818 2.2% 50,246 5,450 0 $3.75

Totals 1,036 26,854,603 878,191 878,191 3.3% (266,212) 29,100 0 $3.76

Source: CoStar Property®

Existing Inventory Vacancy

Existing Inventory Vacancy

Existing Inventory Vacancy

Figures at a Glance

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LINCOLN INDUSTRIAL MARKETING REPORT (CONTINUED)

6 The CoStar Industrial Report ©2014 CoStar Group, Inc.

Lincoln � Third Quarter 2014

Lincoln Industrial MarketThird Quarter 2014 – Lincoln

Lincoln Industrial Market

©2014 CoStar Group, Inc. The CoStar Industrial Report 7

Flex Market Statistics Third Quarter 2014

YTD Net YTD Under Quoted

Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Downtown Lincoln 4 53,626 0 0 0.0% 0 0 0 $9.50

East 2 11,863 10,100 10,100 85.1% (10,100) 0 0 $5.50

Far South 12 154,082 10,000 10,000 6.5% 0 10,000 0 $8.50

North Central 27 358,808 0 0 0.0% 0 0 0 $5.41

North Lancaster County 0 0 0 0 0.0% 0 0 0 $0.00

Northeast 92 1,207,788 12,372 12,372 1.0% (868) 0 0 $4.68

Seward County 2 22,500 0 0 0.0% 0 0 0 $5.75

South 20 332,381 18,550 18,550 5.6% (1,462) 0 0 $6.26

South Lancaster County 1 9,536 0 0 0.0% 0 0 0 $0.00

West 17 180,749 21,350 21,350 11.8% (10,000) 0 0 $8.33

Totals 177 2,331,333 72,372 72,372 3.1% (22,430) 10,000 0 $5.63

Source: CoStar Property®

Warehouse Market Statistics Third Quarter 2014

YTD Net YTD Under Quoted

Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Downtown Lincoln 7 365,822 0 0 0.0% 0 0 0 $0.00

East 20 517,560 42,288 42,288 8.2% 0 0 0 $4.00

Far South 44 2,087,881 330,485 330,485 15.8% (274,509) 0 0 $4.27

North Central 187 6,817,094 109,950 109,950 1.6% 20,627 0 0 $2.84

North Lancaster County 38 1,793,206 0 0 0.0% 0 0 0 $5.50

Northeast 253 6,065,353 196,544 196,544 3.2% (79,546) 0 0 $3.73

Seward County 4 345,722 0 0 0.0% 0 0 0 $3.50

South 106 1,288,212 34,084 34,084 2.6% 29,400 13,650 0 $5.36

South Lancaster County 18 185,068 0 0 0.0% 0 0 0 $0.00

West 182 5,057,352 92,468 92,468 1.8% 60,246 5,450 0 $3.37

Totals 859 24,523,270 805,819 805,819 3.3% (243,782) 19,100 0 $3.53

Source: CoStar Property®

Total Industrial Market Statistics Third Quarter 2014

YTD Net YTD Under Quoted

Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Downtown Lincoln 11 419,448 0 0 0.0% 0 0 0 $9.50

East 22 529,423 52,388 52,388 9.9% (10,100) 0 0 $4.81

Far South 56 2,241,963 340,485 340,485 15.2% (274,509) 10,000 0 $4.36

North Central 214 7,175,902 109,950 109,950 1.5% 20,627 0 0 $2.89

North Lancaster County 38 1,793,206 0 0 0.0% 0 0 0 $5.50

Northeast 345 7,273,141 208,916 208,916 2.9% (80,414) 0 0 $3.95

Seward County 6 368,222 0 0 0.0% 0 0 0 $3.57

South 126 1,620,593 52,634 52,634 3.2% 27,938 13,650 0 $5.75

South Lancaster County 19 194,604 0 0 0.0% 0 0 0 $0.00

West 199 5,238,101 113,818 113,818 2.2% 50,246 5,450 0 $3.75

Totals 1,036 26,854,603 878,191 878,191 3.3% (266,212) 29,100 0 $3.76

Source: CoStar Property®

Existing Inventory Vacancy

Existing Inventory Vacancy

Existing Inventory Vacancy

Figures at a Glance

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Auction Information

This is a two-tier sealed bid auction. Bids are due no later than February 18, 2015 at noon CT. The first round is a “Qualifying Round” bid. The top 33% of all bids received in the “Qualifying Round” will be approved for the “Highest and Best” final bid round. Sealed bid forms are available at BraunWorldbid.com.

■■ Email: [email protected]■■ Fax: 310.798.8883■■ Mail: BRAUN Inc., 1230 Rosecrans Ave., Suite 160, Manhattan Beach CA

90266. Attention: North Bluff, NE Land Auction

REGISTRATION DEPOSIT TO BID

A $100,000 registration deposit to bid must be received by BRAUN no lat-er than February 18, 2015 at NOON CT. To submit your deposit via cashier’s check or wire transfer to BRAUN, see below.

WHERE TO SUBMIT YOUR REGISTRATION DEPOSIT

Mail your $100,000 cashier’s check, payable to Nebraska Title Company, to BRAUN, 1230 Rosecrans Ave., Suite 160, Manhattan Beach CA 90266. Atten-tion: North Bluff, NE Land. WIRE TRANSFER: Wire your $100,000 deposit to BRAUN Broker Trust Account. (Please contact us for any further wiring infor-mation.)

EARNEST MONEY DEPOSIT

In total, the buyer will be required to provide ten percent (10%) of their final purchase price upon the opening of the escrow for the sale of the property, to be wired to Nebraska Title and Escrow.

BUYER BROKER PARTICIPATION

A one-and-a-half percent (1.5%) commission will be paid to any licensed broker who represents and registers a successful buyer. The Broker regis-tration form must be received by February 17, 2015 at NOON to receive the commission.

PROPERTY INFORMATION

We suggest bidders review all property information prior to Auction Day. The property information is a compilation of forms, reports, and title information related to the property and is available on our website for review and down-load.

DUE DILIGENCE MATERIALS

BRAUN is providing the following information:

■■ Phase One Report■■ Gotech Report■■ Mining Permits■■ Zoning Exhibit Layout■■ Title Report

PROPERTY PREVIEW

Showings are by appointment only. Please call Zach White at ZSA Realty Group, 402.817.8600.

BIDDING

IN ORDER TO BID, YOU MUST SUBMIT YOUR SEALED BID AUCTION OFFER AND REGISTRATION DEPOSIT ON OR BEFORE BUT NO LATER THAN FEBRUARY 18, 2015 BY NOON, CT. Please call us at 310.798.3123 x233 to confirm that we’ve received your Sealed Bid and Deposit.

BIDDING AND REGISTRATION INSTRUCTIONS

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DUE DILIGENCE: By February 18, 2015All due diligence materials are available upon request.

BROKER REGISTRATION: February 17, 2015Broker Registration forms can be found on BraunWorldbid.com, and must be submitted to us by

February 17, 2015 at noon CT via mail, or fax 310.798.8883.

BID & DEPOSIT DUE: February 18, 2015 at NOON CTMail your Sealed Bid Registration form and Registration deposit of $100,000.

CLOSING DATE: March 20, 2015

CLOSING DATE: March 20, 2015

AUCTION TIME LINE

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DISCLAIMER: BRAUN is the auctioning and marketing agent ZSA Realty Group is the broker. THE PROPERTY IS BEING SOLD WITH CLEAR TITLE. ALL BIDDERS DUE DILIGENCE MUST BE DONE PRIOR TO SUBMITTING A BID. BRAUN and ZSA Realty Group makes no representations or warranties on approved uses of the property. This auction brochure is provided for the sole purpose of allowing a potential buyer to evaluate whether there is interest in considering a possible purchase of the subject property. The potential buyer is urged to perform its own examination and inspection of the property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information contained herein or otherwise provided. Neither BRAUN, ZSA Realty Group, its members, managers officers, employees or agents, nor any of its partners, directors, officers, employees and agents, nor seller and broker, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or ver-ified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this brochure contains information relating to any “hazardous materials” in relation to the property, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by BRAUN, broker, sales agents or seller”, as to the existence or non-existence or nature of hazardous materials in, under, on or around the property. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property. BRAUN holds the right to deny the right to bid to any person. This auction is not available to residents of any state where the real estate may not be in compliance with the real estate laws of that state. In the unlikely event that the owner does not honor any bid or fails to close title in accordance with the winning bid or contract entered into with respect to these properties, BRAUN and ZSA Realty Group will not be held responsible or liable in any way. Likewise, BRAUN and ZSA Realty Group will not be responsible if the property is unsatisfactory to the bidder in any way. BRAUN reserves the right to postpone or cancel the auction, to withdraw the property from the auction and to change any terms of the auction or particular conditions of sale upon announcement prior to or during the course of the auction. Should there be any dispute among competitive bidders for the property, BRAUN may reopen bidding on the property at BRAUN’s sole discretion, designate one of the bidders as the successful bidder. All decisions by the BRAUN shall be final. The bidders are required to read and acknowledge the terms and condi-tions of the auction and the sale and purchase agreement prior to bidding. This is a reserve auction, however the Seller has the option to sell the property at any price. Bidders are not considered registered to bid until BRAUN receives the appropriate forms prior to the auction. PROPERTY VALUE Buyers are responsible for conducting their own due diligence. We suggest that all buyers do their own due diligence in regards to assessing value.

DISCLAIMER