OFFICE FOR SALE 22,036 SF GRAND LOOP

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1 OFFERING MEMORANDUM Two Story Office Building with open bullpen area Great location near BYU I ,000 cars pass per day Large parking area

2 Grand Loop CONTENTS 01 Executive Summary Executive Summary Location Summary Demographics Rent Roll Demographic Charts 02 Property Description Property Features Idaho Info Floor Plans Aerial Map Income Analysis 03 Financial Analysis Shane Murphy Principal/Broker Office Cell Fax shane@ 4 4 la stone St. P.O. Box 2 6 aho Falls 8 40

3 Executive Summary Offering Summary Location Summary Demographics/Rent Roll Demographic Charts

Executive Summary 01 OFFERING SUMMARY ADDRESS BUILDING SF 22,036 GLA (SF) 22,036 OWNERSHIP TYPE Fee Simple FINANCIAL SUMMARY OFFERING PRICE $2,400,000 PRICE PSF $109 NOI (IN-PLACE) $214,710 CAP RATE

4 Executive Summary 01 OFFERING SUMMARY ADDRESS BUILDING SF 22,036 GLA (SF) 22,036 OWNERSHIP TYPE Fee Simple FINANCIAL SUMMARY OFFERING PRICE $2,400,000 PRICE PSF $109 NOI (IN-PLACE) $214,710 CAP RATE (IN-PLACE) 9.00% CAP RATE (PRO FORMA) 9.00% PROPOSED FINANCING LOAN TYPE DOWN PAYMENT 20 Year $600,000 LOAN AMOUNT $1,800,000 INTEREST RATE 4.50 % ANNUAL DEBT SERVICE $136,651 LOAN TO VALUE 75 % DEMOGRAPHICS 1 MILE 3 MILE 5 MILE 2017 Population 18,681 30,065 35, Median HH Income $25,646 $29,666 $32,490 Two Story Office Building with open bullpen area Great location near BYU I ,000 cars pass per day Large parking area Quality, near new, professional building in well established professional park. Rexburg is the home of BYU-Idaho, a privately owned university of the LDS church. BYU-I runs a full three semester track vs. a standard two semester track allowing more students to stay year round thus increasing the strength of the local economy and the community. The capacity of BYU-I is not at its peak and there is a 20% increase scheduled by fall of With only 1/3 of the real estate owned by BYU-I having been developed so far, the future is bright and optimistic. The quality of the students graduating from the university attract many business' s from across the country. Many business owners look to Rexburg as a great source of employment and efficiency to run a business as the local area offers excellent living conditions and low cost of living.

5 Location Summary 02 Located off of US-20 E/Ribgy, take exit 332, turn onto S Highway 191 to Grand Loop. Regional Map Locator Map

6 Demographics 03 POPULATION 1 MILE 3 MILE 5 MILE HOUSEHOLDS 1 MILE 3 MILE 5 MILE 2017 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

7 Rent Roll 04

8 Demographic Charts 05 1 Mile Radius 2017 Household Income 3 Mile Radius 5 Mile Radius 2017 Population by Race 1 Mile Radius 3 Mile Radius 5 Mile Radius

9 Demographic Charts Household Occupancy - 1 Mile Radius 3 Mile Radius 5 Mile Radius 2017 Household Income Average

10 Demographic Charts 05 Property Description Property Features Idaho Info Floor Plans Aerial Map

11 Property Features 07 Site Description NUMBER OF TENANTS 6 GLA (SF) 22,036 BUILDING SF 22,036

12 Idaho Information 08 AREA PROFILE KEY COUNTIES WITHIN EASTERN IDAHO Bonneville 108,335 Bannock 84,423 Bingham 46,677 Madison 40,098 AREA PROFILE TOP EMPLOYERS Idaho National Lab Bonneville Joint School Dist. 93 Melaleuca Battelle Energy Alliance EIRMA CenturyLink Wal-Mart Idaho Steel Jefferson 27,431 I.F. School Dist. 91 Center Mountain View Hospital EASTERN IDAHO - Idaho Falls is the largest city in eastern Idaho, and the county seat of Bonneville County. As the largest city outside of Boise, Idaho Falls has a population of 58,216 and serves as an economic hub to all of eastern Idaho and much of western Wyoming. The city of Idaho Falls is known for the Snake River greenbelt that flows through the center of the city. The city boasts world class fishing on the Snake River, and recently named by National Geographic as one of the "100 Bestr Adventure Towns" in the US. Idaho Falls is surrounded by nearby Yellowstone National Park, Grant Teton National Park, Jackson Hole. Commercial development has been booming in Idaho Falls in recent years, with retail development highlighted by activity at the area's busiest intersection. The Sandcreek Commons development is a 300,000 square foot power center that is currently under construction. Office development has taken off near the river at the Taylor Crossing and Snake River Landing business parks, where Class A office buildings can be seen dotting the skyline. Job growth in Idaho Falls has outpaced that of Idaho and the entire U.S. in recent years, and business costs are 14% below the U.S. average.

13 Floor Plans 09

14 Aerial Map 10

15 Financial Analysis Income

16 Income Analysis 09 INCOME CURRENT PRO Current Pro Forma Gross Potential Rent $134,939 Gross Potential Income $134,939 $134,939 $134,939 General Vacancy $6,746 $6,746 5% 5.% Effective Gross Income $128,192 $128,192 Total Operating Expense $0 $ 0.00% 0.00% Net Operating Income $214,171 $235, % % Notes: Triple NNN leases, expenses reimbursement with CAM fees in place.

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18 Shane Murphy Principal/Broker Investment/Retail/Office/ Industrial/Land Development www. PO Box 2363 Idaho Falls, Idaho Direct Line (208) Cell (208) Fax (208) e o e or e o e o ee o e e o o er re e e ro e e e o e ro e o ro er e e e e e 2. e e e re e e o e e e ro er e. e e e o e e re o ro er o er or e o er e e e e e e re o r e ee e or o er o. o e re o o o o ro e e o o o e of properties while serving local investors and clients for their business needs.

Calico Marketing Preview

Calico Marketing Preview PROPERTY NAME ±800 SF to ±10,000 SF Space for Lease 1 ±800 SF to ±10,000 SF Space for Lease 1234 Address Street, City, State ###.###.#### S P A C E F O R L E A S E 2 CONTENTS OVERVIEW 3 PROPERTY PHOTOS