THE ORION PORTFOLIO - LoopNet...THE ORION PORTFOLIO. 100% LEASED, 171,033 SF INDUSTRIAL PORTFOLIO CONSISTING . OF SIX (6) SINGLE TENANT BUILDINGS IN GREENSBORO, NC. (PROPERTIES CAN

T H E O R I O N P O R T F O L I O

100% LEASED, 171,033 SF SINGLE TENANT INDUSTRIAL PORTFOLIO

IN GREENSBORO, NORTH CAROLINA.

David DIvineDirector of Commercial Investment Sales919 582 3114 [email protected]

Richard PolleyPresident Management Services919 582 3113 [email protected]

Joe Cinosky Vice President, Investment Sales973 722 7373 [email protected]

BUILDINGS BEING OFFERED INDIVIDUALLY

COLLIERS INTERNATIONAL | 2

T H E O R I O N P O R T F O L I O100% LEASED, 171,033 SF INDUSTRIAL PORTFOLIO CONSISTING

OF SIX (6) SINGLE TENANT BUILDINGS IN GREENSBORO, NC.(PROPERTIES CAN BE PURCHASED INDIVIDUALLY)

The Orion Portfolio is a six (6) building, masonry construction, 171,033 square foot Industrial Portfolio that is leased to six (6) single-tenants that provide a very diverse tenancy mix consisting of both local and national tenants. One of the site’s greatest assets is its close proximity to the intersection of I-85/I-40 and S. Elm/Eugene Street (Exit #125). Due to the close proximity to I-85/ I-40, the properties have benefitted from historically low vacancy rates as this location is very attractive to companies with intensive shipping/trucking requirements. Greensboro’s central location in NC, and quick access to the Interstates, provides tenants convenient access to the entire State from this location.

The current Industrial vacancy rate in the South Greensboro sub-market is a very low three percent (3%), and the entire Greensboro market enjoys a healthy five percent (5%) vacancy rate. Additionally, the historically below-market, average, rental rate of $3.81 PSF (combination of modified gross/NNN) for the Orion portfolio has been very attractive to tenants, thus keeping demand strong and the opportunity for organic upside, rental rate growth across the entire Portfolio. This provides investors the unique and rare combination of owning assets that provide both stability (100% leased) and value-add opportunities. Truly a rarity in this current, dynamic real estate market.

1 3003 THURSTON AVE 20,800 SF Manufacturing

2 3005-3007 THURSTON AVE 33,400 SF Warehouse

3 3014 THURSTON AVE 59,456 SF Warehouse

4 211 INDUSTRIAL DR 17,371 SF Warehouse

5 171 BLUE BELL RD 10,640 SF Warehouse / Dist.

6 3711 ALLIANCE DR* 29,366 SF Warehouse

TOTAL SF 171,033 SF Warehouse

*3711 Alliance Dr visible on detailed location map on page 5.

S Elm Eugene St

E J J Dr

Industrial Ave

1 2

3

4

5


I NVESTMENT H IGHL IGHTS

>> 100% LEASED, SINGLE-TENANT INDUSTRIAL PORTFOLIO

>> LOCAL AND NATIONAL TENANTS

>> STRONG INDUSTRIAL SUBMARKET WITH 3% VACANCY RATEENTIRE GREENSBORO MARKET HAS A 5% VACANCY RATE

>> UNIQUE, RARE OPPORTUNITY TO OWN ASSETS THAT PROVIDE BOTH STABILITY AND VALUE-ADD OPPORTUNITY

>> ORGANIC RENT GROWTH POTENTIAL The Orion Portfolio has in-place rents that are below market ($3.81 psf MG / NNN). Closing this gap as expiring leases are brought up to market rent levels provides an investor with a solid rent and value growth opportunity. Average submarket rent is $4.64 psf NNN.

>> IDEAL LOCATION AT I-40/I-85

>> BELOW REPLACEMENT COSTS Built between 1964 and 1988, the Orion Portfolio offers an opportunity to acquire high-quality, masonry, low maintenance assets at below replacement cost.


Property Financials and PricingProperty Total Income Landlord OpEx NOI Sale Price Sale Price/SF Cap Rate

1 211 INDUSTRIAL AVE $56,456 ($5,479) $50,977 $785,000 $45.19 6.5%

2 3003 THURSTON AVE $94,640 ($16,927) $77,713 $1,036,000 $49.81 7.5%

3 3005 THURSTON AVE $135,900 ($23,756) $112,144 $1,495,000 $44.76 7.5%

4 3014 THURSTON AVE $215,061 ($41,072) $173,989 $2,245,000 $37.76 7.75%

5 171 BLUE BELL RD $50,568 ($9,883) $40,685 $542,500 $50.99 7.5%

6 3711 ALLIANCE DR $120,401 ($27,925) $92,476 $1,370,000 $46.65 6.75%

TOTAL $673,026 ($125,042) $547,984 $7,473,500 $43.70 7.33%

Investment Overview

Property Tenant SF Annual Base Rent PSF

Annual Rental Rate Escalation

TICAM PSF Total Income Lease Structure Lease Term Options

1 211 INDUSTRIAL AVE Delancey Street 17,371 $56,456 $3.25 3.0% $0.00 $0.00 $56,456 NNN 11/1/18 - 1/31/29 None

2 3003 THURSTON AVE Eagle Air 20,800 $94,640 $4.55 3.0% $0.00 $0.00 $94,640 MG 9/1/13 - 8/31/23 None

3 3005 THURSTON AVE Twinings North 33,400 $135,900 $4.07 2.0% $0.00 $0.00 $135,900 MG 6/1/14 - 5/31/21 None

4 3014 THURSTON AVE Network Wireless 59,456 $193,187 $3.25 2.5% $21,874 $0.37 $215,061 NNN 3/1/16 - 3/31/21 None

5 171 BLUE BELL RD Sherwin Williams Co 10,640 $50,568 $4.75 - $0.00 $0.00 $50,568 MG 12/1/11 - 11/30/21 None

6 3711 ALLIANCE DR Panoramic Doors 29,366 $120,401 $4.10 2.5% $0.00 $0.00 $120,401 MG 3/1/18 - 2/28/28 None

TOTAL PORTFOLIO 171,033 $651,152 $3.81 $21,874 $673,026

FINANCIALS & PRICING

* Seller will give preference to offers that retain Colliers International as the property manager.


LOCATION OVERVIEW

#1-#61 3003 THURSTON AVE

2 3005-3007 THURSTON AVE

3 3014 THURSTON AVE

4 211 INDUSTRIAL DR

5 171 BLUE BELL RD

6 3711 ALLIANCE DR

GREENSBORO

4

5

123

6

GREENSBORO

ADDRESS 3003 Thurston Ave, Greensboro, NC

TENANT Eagle Air, Inc. Compressors

LEASE EXPIRATION 8/31/23

TOTAL SF 20,800

ACREAGE 2.3

COUNTY Guilford

YEAR BUILT/RENOVATED 1972/2000

ZONING Conditional Use / Heavy Industrial

CEILING HEIGHT ±20’

DOCK DOORS (4) 9’x10’

DRIVE INS (1) 10’x14’ with ramp

ROOF High Solids Silicone Coating - 2018 (10 yr warranty)

HVAC Offices only(Warehouse heated only)

COLUMN SPACING 25’x40’warranty)

LIGHTING High Bay Metal Halide + Fluourescent in

FIRE SAFETY Not sprinklered

RAIL SPUR Yes

RECENT IMPROVEMENTS New 10 year roof coating warranty.

floorplans pending

ASSET OVERVIEW

3 0 0 3 T H U R S T O N AV ETENANT OVERVIEWEagleAir, Inc. manufactures high pressure breathing air systems for recharging SCBA and SCUBA cylinders. Eagle Air provides an essential service to first responders and those serving in defense of our nation worldwide. In business since 1973, the company has a well-known track record of innovations that have become industry standards and have improved the safety of those who use them. An American and veteran-owned company, the company understands the needs of the armed forces, firefighters, and other first responders and is dedicated to providing them with the most advanced and most reliable equipment possible.

*3001 Thurston Ave is a .80-acre vacant parcel adjacent to 3003 Thurston Ave that has a tax value of $28,100 that can be used for eventual expansion.


1

ADDRESS 3005-3007 Thurston Ave

TENANT Twinings North


TOTAL SF 33,400 (additional 2,400 sf of mezzanine space not included)

ACREAGE ±2.38

COUNTY Guilford

YEAR BUILT/RENOVATED 1972, Renovated/expanded in 2004

ZONING Light Industrial

CEILING HEIGHT ±27.5’ (52%), 15’-18.7’ (48%)

DOCK DOORS 6 (3 8’x8’) (3 8’x10’)

DRIVE INS 1 (25’x8’ with ramp)

ROOF Replaced in 2007 and 2009. Refurbished in 2014 with aluminum coating.

HVAC Office Area only (Warehouse - heaters only)

COLUMN SPACING Varies from clear span to 33’x34’

LIGHTING High bay lighting, T-5 fluorescent /

FIRE SAFETY Fully Sprinklered

RAIL SPUR Yes

RECENT IMPROVEMENTS Repainted Exterior

ASSET OVERVIEW

3 0 0 5 - 3 0 0 7 T H U R S T O N AV ETENANT OVERVIEWTwinings is an English marketer of tea and other beverages, including coffee, hot chocolate and malt drinks, based in Andover, Hampshire. The brand is owned by Associated British Foods. It holds the world’s oldest continually-used company logo, and is London’s longest-standing ratepayer, having occupied the same premises on the Strand since 1706. With a history dating back to 1706, quality tea has always been at the heart of what we do. Renowned for creating vibrant and aromatic blends that are loved by all, from Earl Grey and English Breakfast to Chai Lattes and super fruity infusions, Twinings knows the details that matter most.


2

3 0 1 4 T H U R S T O N AV E


ASSET OVERVIEW

ADDRESS 3014 Thurston Ave

TENANT Network Wireless


TOTAL SF 59,456 SF

ACREAGE 4.88 Acres

COUNTY Guilford

YEAR BUILT/RENOVATED 1968 / 1988, 2015

ZONING LI (Light Industrial)

CEILING HEIGHT 17’ - 21’

DOCK DOORS Main Building (6 8’x10’), Auxiliary Building (2 8’x10’)

DRIVE INS Main Building (1 8’x10’ with ramp) (1 8’x12’ at grade), Auxiliary Building (8’x10’ with ramp)

ROOF TPO, EPDM, Fibertite. TPO newest, approx. 5 years

HVAC Office Area only (Warehouse - heaters only)

COLUMN SPACING Varies

LIGHTING Fluorescent throughout

FIRE SAFETY Not Sprinklered

RAIL SPUR No

RECENT IMPROVEMENTS 50% of roof replaced in last 5 years, Repainted Exterior

TENANT OVERVIEWNWS has been a full-service materials and logistics provider for the wireless industry since 2012. They have the ability and the experience to quickly deliver equipment and support to carriers, project managers and general contractors exactly when they need it—even the very next day. By combining extensive industry knowledge, exceptional customer service and quality materials, NWS is the proven partner to keep cell sites running smoothly.

3

Auxiliary Building

Primary Building

ADDRESS 211 Industrial Ave, Greensboro, NC

TENANT Delancey Street


TOTAL SF 17,371 SF

ACREAGE ±1.94

COUNTY Guilford

YEAR BUILT/RENOVATED 1968, expanded 1980, 1984, renovated 2011


CEILING HEIGHT 17’10” Clear, 20’ underside of deck

DOCK DOORS 5

DRIVE INS 1

ROOF Bituminous panels with aluminum coating

HVAC Offices only (warehouse - heaters only)

COLUMN SPACING 34’42’

LIGHTING LED in warehouse / fluourescent in offices


RAIL SPUR No

ASSET OVERVIEW

2 1 1 I N D U S T R I A L AV ETENANT OVERVIEWDelancey Street is the country’s leading residential self-help organization for former substance abusers, ex-convicts, homeless and others who have hit bottom. A nationally recognized 501(c)(3) organization and started in 1971 with 4 people in a San Francisco apartment, Delancey Street has served many thousands of residents, in locations throughout the United States. Residents at Delancey Street range from teenagers to senior citizens, and include men and women and all races and ethnicities. This warehouse location is used for Delancey Street’s Moving Company.


4

*Landlord entered into charitable lease rate of over $1.00 per square foot below market rate.

ADDRESS 171 Blue Bell Rd, Greensboro, NC

TENANT Sherwin Williams


TOTAL SF 10,640

ACREAGE ±0.83

COUNTY Guilford

YEAR BUILT/RENOVATED 1976

ZONING Heavy Industrial

CEILING HEIGHT ± 16.5’ clear


DRIVE INS (1) 8’x8’ with ramp

ROOF Bituminous panels with aluminum coating

HVAC 100% in offices and warehouse

COLUMN SPACING 21’x35’ and 27’x35

LIGHTING All fluourescent in both offices & warehouse


RAIL SPUR No

ASSET OVERVIEW

1 7 1 B L U E B E L L R D


TENANT OVERVIEWSherwin Williams Company is an American Fortune 500 company in the general building materials industry. The company, with headquarters in Cleveland, Ohio, primarily engages in the manufacture, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers primarily in North and South America and Europe. The company is mostly known through its Sherwin-Williams Paints line. On March 20, 2016, Sherwin-Williams announced the acquisition of Valspar for approximately $9 billion.

floorplans pending

5

3 7 1 1 A L L I A N C E D R


ASSET OVERVIEW


ADDRESS 3711 Alliance Drive, Greensboro, NC

TENANT Panoramic Doors


TOTAL SF 29,366

ACREAGE ±1.55

COUNTY Guilford

YEAR BUILT/RENOVATED 1981


CEILING HEIGHT ±19’ clear (9,000 SF) / ±16’ clear (20,000


DRIVE INS (1) 12’x12’ at grade

ROOF 20,000 SF bituminous panels / 9,000 SF TPO

HVAC Offices only (warehouse heaters only)

COLUMN SPACING 27’x40’

LIGHTING 100% LED (offices/warehouse)

FIRE SAFETY 100% sprinklered

RAIL SPUR No

RECENT IMPROVEMENTS LED Lighting interior, updated fire panel, repainted exterior, fully renovated asphalt

TENANT OVERVIEWThe Panoramic Folding Patio Door is an affordable alternative to the costly bi-fold, accordion, and glass wall systems that are fast becoming the most influential aspect of modern home and restaurant design. The Panoramic Door has been recognized by industry-leading magazines for its unique and innovative design. By removing the hinges that connect the panels to each other, the Panoramic design frees up the panels and in turn, allows you more control over the opening.

floorplans pending

6


MARKET OVERVIEW

PORTS DRIVING DISTANCE

Wilmington, NC 208 Miles

Morehead City, NC 224 Miles

Norfolk, VA 232 Miles

Charleston, SC 280 Miles

AIRPORTS DRIVING DISTANCE

Piedmont Triad 14 Miles

Person County 60 Miles

RDU International 77 Miles

Charlotte Douglas 95 Miles

THE TRIAD & EASTERN SEABOARD DISTRIBUTION

100 miles

200 miles

300 miles

One of the more significant factors in the local economy is its accessibility to major markets. The Triad is located along the eastern seaboard, approximately halfway between Washington, DC and Atlanta, Georgia. The Triad’s central location relative to larger metropolitan areas has helped to establish it as a distribution center for the Piedmont area.

The Triad is halfway between Charlotte and Raleigh, the largest cities in North Carolina. Three metropolitan areas, Greensboro/High Point/Winston-Salem, Raleigh, and Charlotte, form the metropolitan hubs of North Carolina.

Greensboro/High Point/Winston-Salem (TRIAD) is in the geographic center of these metropolitan areas, within 1.5 hours driving time of both Charlotte and Raleigh. Greensboro’s central location vis-à-vis these major markets have contributed to its emergence as a regional distribution center.


U.S. INDUSTRIAL MAP

250 Miles500 Miles

750 Miles

Chicago

Detroit

St. Louis

Cincinnati

Louisville

Pittsburgh

New York

Washington D.C.

RichmondNorfolk

Morehead City

Wilmington

Charleston

Savannah

Tampa

AtlantaBirmingham

Nashville

Memphis

Greensboro

MSA Headquartered FORTUNE 1000 Companies

Rank Name Revenue ($B)

23 Bank of America $95.2

50 Lowe’s $56.2

116 Duke Energy $25.7

139 Nucor $21.1

315 Sonic Automotive $9.2

366 Sealed Air $7.8

470 Domtar $5.6

514 American Tire Distributors $5.0

542 SPX $4.7

596 Resolute Forest Products $1.3

610 Belk $4.1

640 CommScope $3.8

715 Carlisle $3.2

772 Babock & Wilcox $2.9

834 Curtiss-Wright $2.6

837 Albemarle $2.6

±40%

of the U.S. population liveswithin a day’s drive ±55%

of the U.S. population liveswithin a 750 mile radius

MARKET OVERVIEW


SECOND LARGEST INDUSTRIAL MARKET IN THE CAROLINAS

TRIAD INDUSTRIAL MARKETThe Triad industrial market contains approximately 266 million square feet of leased and owner occupied distribution and manufacturing space, second only to Charlotte as the largest industrial market in the Carolinas. Net absorption for the overall Triad market was positive 2,047,241 million square feet in the 4th quarter of 2017 alone. Vacancy rates have declined dramatically to 4.3% of direct vacancy throughout the market. Greensboro is equidistant from Atlanta, GA and Washington, DC.

SOUTH GREENSBORO SUBMARKETThe Orion Portfolio is located in the heart of the South Greensboro Submarket, which includes 7.7 million square feet of distribution and manufacturing space. The average rental rate in this submarket is .20 cents higher psf than the overall Greensboro market. Demand for this submarket is generated by its proximity to Interstates 40 & 85, and Highways 70 & 220. The Federal Express Air Hub and the FedEx ground mega-hub have attracted many companies to the area seeking outbound logistics, low operating costs, and a highly educated labor pool. Additionally, from this location companies literally sit in the epicenter of North Carolina. This is as central as one can get.

LOCATION INVENTORY OCCUPANCY RATE(4TH QUARTER 2018)

NET ABSORPTION(PAST 12 MONTHS)

AVG. ASKING NNN RENT

SOUTH GREENSBORO 7,700,000 97% 154,000 $4.64

TOTAL GREENSBORO INDUSTRIAL 153,000,000 95% 414,000 $4.44

TRIAD | INDUSTRIAL MARKET OVERVIEW

GREENSBORO | WINSTON-SALEM | HIGHPOINT


TRIAD INDUSTRIAL MARKETThe 266 Million SF Greensboro–Winston-Salem–High Point (“Triad”) warehouse market is second only to Charlotte as the largest industrial market in the Carolinas and has recorded an impressive 6.5 Million SF of positive net absorption over the past 24 months.

The Triad market is extremely tight featuring a market wide 96.1% occupancy rate overall.

The Orion Portfolio is located in the South Greensboro submarket of 7.7 Million SF, a 97% occupied submarket that has performed exceptionally well, having garnered 154,000 SF of positive net absorption over the last 12 months.

PREMIER INDUSTRIAL MARKET: Guilford County has the highestnumber of industrial sector jobs of any county in North Carolina and is among the top five in the Southeastern United States.



NO.1MANUFACTURINGLOCATION IN NC

NO.2INDUSTRIAL

MARKET

NO.5MANUFACTURINGLOCATION IN THE

SOUTHEAST

NO.1PLACE TO START

A SMALL BUSINESS

NO.2BEST STATE FOR

BUSINESSAND CAREERS

NO.2BEST PLACE TO

START A BUSINESS

NO.3BEST CITY FOR

YOUNG ITPROFESSIONALS

NO.17BEST PLACE TO

START A BUSINESS

WINNER OFPROSPERITY CUP




WINSTON SALEMGREENSBORO

HIGH POINT

FEDEX (NYSE: FDX)made significant investment in the Triad by selecting the region to hold the company’s fifth major U.S. hub which offers companies within an hour’s drive a plethora of business advantages including the ability to meet higher customer demand through greater shipping flexibility.

RECENT ECONOMIC ANNOUNCEMENTSThe Triad serves as headquarters for five Fortune 500 companies including Reynolds America, BB&T, VF Corporation, Laboratory Corporation of America and Hanesbrands. The regional economy still maintains a strong presence in the textile, furniture and tobacco industries but has also diversified into fields such as aviation, logistics, life sciences and medicine. The unemployment rate for the Triad region is currently 5.4% as of Q3 2018, and the local economy is booming.

HONDAJETlocated their world headquarters at the Piedmont Triad International Airport (PTI) and recently announced plans to double production of their aircrafts over the next few years, likely attracting suppliers to the area.

POLO RALPH LAUREN (NYSE: RL)completed 400,000 square foot expansion of theirexisting 1.5 million square foot High Point Facility.

CATERPILLAR (NYSE: CAT)has grown their Greensboro manufacturingoperations to 250 employees, solidifying theirpresence in the Triad.

BB&T (NYSE: BBT)headquartered in the Triad, announced construction of a $34 million, 58,000 square foot leadership institute in Greensboro.

COCA COLA (NASDAQ: COKE)$4 million investment in 135,300 square foot facilityin Greensboro

B/E AEROSPACE (NASDAQ: BEAV)has recently expanded operations in Winston-Salemand plans to build a testing facility in the area.

PROCTER & GAMBLE (NYSE: PG)completed their 22,000 square foot expansion of their current facility, a total investment of approximately $8.9 million dollars (including equipment).

PUBLIXhas picked Greensboro for its $400M, 1,000 job distribution center. This will be a 1.8 million SF center located near Birch Creek Road and U.S. 70.


CAROLINAS INVESTMENT SALE COMPARABLES 2017 & 2018

PROPERTY NAMEPROPERTY ADDRESS TOTAL SF SALE PRICE

($PSF) SELLER BUYER SALE DATE

4160 Mendenhall Oaks Parkway

High Point, NC107,480

$6,700,000($62)

Greenfield Partners Palfon America Apr-18

519 Patton AvenueGreensboro, NC

49,000$2,800,000

($58)Robert & Sons NC Holdings Feb-18

415 Westcliff RoadGreensboro, NC

138,827$8,327,000

($65)James I. Anthony, Jr. STAG Industrial, Inc. Oct-18

7104 Cessna DriveGreensboro, NC

60,000$3,650,000

($60)Stone Bridge

Investment GroupFarlight Sept-18

2905 BalticGreensboro, NC

9,557 SF $465,000

($49)ICP Greensboro, LLC Oriental Vogue, Inc Nov-18

1066 Boulder Rd Greensboro, NC

10,009 SF $465,000

($46)Ward Chad L & Melissa G GCW Industrial Services Nov-18

204 Chimney Rock Rd (part of portfolio sale)

Greensboro, NC28,000 SF

$1,168,404- Allocated($41)

TPRF III / SPI-ADC LLC BRE Greensboro Owner LLC Jun-18

4 Dundas CirGreensboro, NC

15,000 SF $650,000

($43) Bardy Properties, LLC Sgada Properties LLC Jun-18

6900 International Dr Greensboro, NC

46,656 SF $2,000,000

($43)Security Housing Inc NCCP Samone LLC Mar-18

501 E Washington St Greensboro, NC

12,200 SF $515,000

($42)Goss Geraldine C L of Trust

GPS Real Estate Holdings LLC

Jun-18


TRIAD LEASE COMPARABLES

PROPERTY SQUARE FEET

RENTAL RATE

LEASE TYPE TERM TI START

DATE COMMENTS

404 N Chimney Rock Rd , Greensboro 46,074 SF $4.60 NNN - - Nov. 2018 Industrial Class B

4500 Green Point Dr, Greensboro 12,718 SF $5.25 NNN - - Nov. 2018 Industrial Class B. Built 1989.

1005 Norwalk St, Greensboro 22,500 SF $4.50 MG 1 Year - Nov. 2018 Industrial Class C

3012 S Elm Eugene St, Greensboro 38,130 SF $5.50 NNN - - Oct. 2018 Flex Class B

4809 Kroger Blvd, Greensboro 20,160 SF $5.25 NNN 5 Years - Mar. 2018 Industrial Class C

4501 Green Point Dr, Greensboro 13,879 SF $5.25 NNN 5 Years - Apr. 2018 Industrial Class B. Built 1990.

Interstate Commerce Park, Greensboro 6,400 SF $4.75 MG 5 Years $8 PSF

Nov. 2018 Industrial Class B

1660 Sullivan St, Greensboro 11,340 SF $4.28 MG 1 Year $0 Nov. 2018 Industrial Class C

220 Atwell, Greensboro 9,101 SF $5.30 MG 3 Years $0 July 2018 Industrial Class C


STRATEGICALLY POSITIONED AT THE HUB OF THE DYNAMIC

PIEDMONT TRIAD REGION

home to 5 international brands

12,000 JOBS4% flight increase in 2017

$2 BILLION IN ECONOMIC IMPACT7,100 EMPLOYEES

PASSENGERS EACH YEAR1.6 MILLION

$60 million facility

creating 500 new jobs

expected to complete in 2018

LOCATIONLocated at the center of North Carolina and the midpoint of the East Coast, PTI is strategically positioned at the hub of the dynamic Piedmont Triad region, situated between the cities of Greensboro, Winston-Salem and High Point where I-40, I-85 and the I-73 and I-74 converge. More than 4.5 million people live within a 90-minute drive of PTIA.

HOURS OF OPERATIONThe terminal building is open 24 hour a day, 365 days a year. TSA Checkpoints open at 4:15 a.m. every day.

AIRPORT CAMPUSPiedmont Triad International Airport is part of a 4,000-acre campus, home to more than 50 companies that infuse an estimated $2 billion into the local community annually. More than 5,000 people work on the campus. PTI is owned and operated by the Piedmont Triad Airport Authority. No local tax dollars are used to operate the airport.

300 DAILY FLIGHTS | 1.7 MILLION ANNUAL PASSENGERS | 90 AIRCRAFTS BASED

PTI RENDERING

SOURCE: THE BUSINESS JOURNAL


2017 EMPLOYED POPULATION

Greensboro, North Carolina is known locally for a rich, historic heritage and deep-rooted family businesses. Today, the city thrives as a hub for new and expanding companies, boasting names like FedEx, Honda Jet, Coca-Cola, and Volvo. Among some of Greensboro’s most significant economic developments is FedEx’s Piedmont Triad International Airport Expansion. The $300 million package-sorting hub and third airport runway has positioned FedEx as a center for distribution and connection on the Eastern Seaboard, as well as contributed significantly to the Guilford County economy. Honda Aircraft is also thriving as a Greensboro local. The company’s 1,700 employees are producing the “most delivered jet in category” as of 2017. Honda joins Cone Health, UNC Greensboro, Volvo, Thomas Built, and Labcorp as some of the region’s top employers, each retaining over 1,000 workers. Recently named one of the nation’s top 500 fastest growing companies is Greensboro-local Cogent Analytics: a coaching and consulting company that has grown 1,831% over the last 3 years. In tandem with large national corporations are ample opportunity and realized success for the startup community and growing businesses alike. The Nussbaum Center, HQ Greensboro, and Launch Greensboro all provide ecosystems for entrepreneurship. Greensboro Chamber of Commerce reported over $9.5 million raised from local investors and does not look to be slowing any time soon. Local tech startup Guerilla recently raised $3.8 million and is planning to expand accordingly.

RANK EMPLOYER PRODUCT OR SERVICE EMPLOYEES

1 Cone Health Health Care 12,000

2 Guilford County School System Public Schools 9,228

3 City of Greensboro Local Government 2,945

4 Ralph Lauren* Apparel 2,853

5 University of North Carolina, Greensboro Education 2,663

6 US Postal Service Postal Service 2,300

7 Guilford County Government Local Government 2,283

8 Volvo Group in Greensboro Manufacturing 2,200

9 Unifi, Inc. Textiles 2,021

10 United Healthcare Health Care 1,878

11 Publix Grocery 1,000

SURROUNDING ECONOMIC DEVELOPMENT


MARKET OVERVIEW | GREENSBORO/GUILFORD ACCOLADES

› #1 In Economic Development in NC, Greensboro-highpoint.com

› #4 In Economic Development in Southeast US, Greensboro-highpoint.com

› 34,000 Manufacturing Workers in Guilford County, Greensboro-highpoint.com

› 103,000 Regionally Greensboro-highpoint.com

› #3 UNCG is ranked third among public universities in North Carolina according to the 2017 College Choice “25 Best Colleges in North Carolina” list. newsandfeautures.uncg.edu

› #3 For the fifth year in a row, UNCG has earned the “Tree Campus USA” designation for promoting healthy trees and encouraging the spirit of conservation. . newsandfeautures.uncg.edu

Natural Resources, Utilities, Construction

Administrative & Supportive

Education, Health Care, Social Services

Manufacturing

Hospitality, Arts, Entertainment

Wholesale Transportation, Warehouse

Other Services

Government

Retail Trade

Business & Professional Services, Information, Finance


GREENSBORO HERITAGEA step into downtown Greensboro delivers every ounce of expected Southern charm. Walkable streets, boutique-style retail, and craft food and beverage destinations make for easy living.

MAJOR EMPLOYERSHealthcare, education, production, and transportation occupations employ the majority of Greensboro locals. Major employers include Guilford County Schools, Cone Health, US Postal Services, Thomas Built, and Labcorp2.

CONVENIENT ACCESSIBILITYI-73 and I-40 are both minutes away from Greensboro, connecting both the Central Business District and the suburbs to the greater Triad area. Greensboro is home to Piedmont Triad International Airport, which transports approximately 850,000 passengers per year. PTI anchors a FedEx hub, bringing convenience to material transportation as well.

SCHOOLSGreensboro offers residents several educational institutions, with local Guilford College, UNCG, and A&T State University totaling in over 32,000 local students. In addition to the younger undergraduate students, Greensboro area schools are sought after by older adults due to schedule flexibility and student body diversity.

REGIONAL ANALYSISGreensboro is part of what is known as the Piedmont Triad Region that encompasses Greensboro, Highpoint and Winston-Salem. Greensboro itself is the central point of the region, an area that historically has relied on manufacturing of textiles, furniture and tobacco. While declining in importance, these industries still employ over 13% of the workforce. More recently, there has been a shift towards service sectors such as finance, healthcare, nanotechnology and global logistics.

MARKET OVERVIEW | GREENSBORO


Located 12.4 miles away from the property is Cone Memorial Hospital. Deep-rooted heritage has long been a part of Greensboro culture, dating back to founding families such as the Cones, who have contributed to infrastructure and growth for decades. Moses H. Cone Memorial Hospital, seeing over 275,000 patients annually, was opened in 1953 by the Cone family as a community hospital. The Hospital has had at least one member of the Cone family on the board of trustees since opening, and continues to receive award-winning accolades for their Neuroscience, Children’s ER, and Heart & Vascular Centers. Beyond the Greensboro flagship locations stand over 100 additional locations, including six hospitals, across Guilford, Forsyth, Rockingham, Alamance, Randolph, and Casewell counties. The hospital has made 2 additions in the last 5 years and continues to expand across the region.$51.1 million in excess revenues

top 2% nationally for “Common Care”

1,200 DEDICATED VOLUNTEERS100 locations in 6 counties

1,254 BEDS12,000 EMPLOYEES

LARGEST EMPLOYERIN GUILFORD COUNTY#1

MARKET OVERVIEW | CONE MEMORIAL HOSPITAL


#3public university in

North Carolina

17,929on-campus students

1,700enrolled in extension

programs

student lead government, special interest

clubs and

service

organizations operate on Duke’s campus

400+ › 19th straight year “Best Colleges” list for excellence in

undergraduate education | U.S. News & World Report

› #3 NC public universities | College Choice

› 26th consecutive year Best colleges list | U.S. News and World Report

› #3 Counseling program in the nation | U.S. News & World Report

› #3 Hidden Gems Around the World (Weatherspoon Art Museum) | Buzzfeed

› #13 Part-Time MBA Program (Bryan Business School Evening Program) | Bloomberg Businessweek

hold 93 buildings and assorted

recreational and

athletics facilities,

within a 15-minute walk

+ 200A C R E S

WORLD-CLASS EDUCATION & RESEARCH

250graduate, undergraduate, and certificate programs

1,000campus employees

UNC-Greensboro, a public university in Greensboro, NC, was recently named a College of Distinction; an honor only awarded to four North Carolina universities. UNCG’s Bryan School of Business, as well as their fine arts programs, continue to receive high distinctions both on local and national levels, with accolades placing the university alongside the likes of Yale and Duke. In addition to premier education, UNCG recently joined the Division-1 league of college athletic programs, positioning the university in stadiums with the nation’s top athletes.

MARKET OVERVIEW | UNIVERSITY OF NC AT GREENSBORO


83%employed in the first year

after graduation

2,137students

14:1student to faculty ratio

QUICK FACTS

Of beautiful suburban campus property

in the heart of Guilford County

+340 A C R E S

› 21st straight year “Colleges that Change Lives” list | CTCL.org

› 89 green rating | The Princeton Review Guide to 361 Green Colleges

› #6 Most diverse colleges in North Carolina | Niche

› #19 Colleges with the best academics in North Carolina | Niche

› Top 17% Most diverse colleges in America | Niche

WORLD-CLASS EDUCATION & RESEARCH

41 majors

52 minors

Guilford College, a private college tucked away in the heart of Greensboro’s metro area, hosts students from 38 states and 16 countries. The diverse student body represents over 36 religious affiliations and had 40% students of color in the class of 2020.

A liberal arts education rooted in vocational skills and personal values makes Guilford an attractive college for students looking for more than a classroom experience. Guilford’s roots also gave it a National Historic District recognition, boasting rich history in the campus’s history, buildings, and founders.

MARKET OVERVIEW | GUILFORD COLLEGE


T H E O R I O N P O R T F O L I O

Colliers International 702 Oberlin RoadSuite 400Raleigh, NC 27605+1 919 832 1110www.colliers.com/rdu

100% LEASED, 171,033 SF SINGLE TENANT INDUSTRIAL PORTFOLIO

IN GREENSBORO, NORTH CAROLINA.

David DivineDirector of Commercial Investment Sales919 582 3114 [email protected]

Richard PolleyPresident - Management Services919 582 3113 [email protected]

Joe Cinosky Vice President, Investment Sales973 722 7373 [email protected]

Documents

THE ORION PORTFOLIO - LoopNet...THE ORION PORTFOLIO. 100% LEASED, 171,033 SF INDUSTRIAL PORTFOLIO CONSISTING . OF SIX (6) SINGLE TENANT BUILDINGS IN GREENSBORO, NC. (PROPERTIES CAN