INDUSTRIAL FOR SALE 1440 LONDON BRIDGE ROAD VIRGINIA BEACH, VA

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1 INDUSTRIAL FOR SALE 400,000 SF Industrial Manufacturing & Distribution Facility Surplus Corporate Asset Two Separate ± 200,000 SF Warehouses on ± 33 Acres - Includes ± 10 Acres of Land for Future Development Available for Sale or for Lease Price is Below Market Value - $125,000/Acre Plus $17/SF for Improvements

2 Manufacturing Warehouse Distribution Warehouse SITE FEATURES PRICING $11,000,000 BUILDING SIZE Total Building Manufacturing Warehouse Manufacturing Office Distribution Warehouse Distribution Office 400,000 SF 200,000 SF 5,000 SF 200,000 SF 935 SF (Manufacturing and Distribution Warehouses are connected by enclosed conveyor.) ACREAGE Approximately 23 acres plus 10 acres of unimproved land ZONING I-2 DATE OF CONSTRUCTION 1996 CONSTRUCTION Floors Walls Column Spacing Roof 6 reinforced concrete 8 wainscot with 130,000 SF insulated in manufacturing space Approx. 25 x 50 Insulated and uninsulated standing seam metal CEILING HEIGHT Approximately 20 6 clear below main structural steel at the eaves and 32 8 clear inside the columns. Approximately 25 6 clear center below main structural steel. LIGHTING Metal Halide and skylights We cannot be responsible for errors, omissions, withdrawal, or prior lease or sale.

3 SITE FEATURES INDUSTRIAL FOR SALE HVAC Office is heated and cooled. Manufacturing area heated by gas blowers and cooled by wall fans and louvers. SPRINKLER SYSTEM Manufacturing warehouse has a wet system and distribution warehouse has a dry system. Density is.4/2500. There is a 10 sprinkler loop that services both buildings. WATER Supplied by City of Virginia Beach 16 main SEWER Supplied by City of Virginia Beach 6 main POWER Supplied by Dominion Virginia Power 2,000 amp at 480/277 volt, 3-phase, four wire switch gear in manufacturing warehouse. 400 amp 480/277 volt, 3-phase, four wire switch gear in distribution warehouse. GAS Supplied by Virginia Natural Gas Company TRUCK LOADING Dock high Manufacturing Warehouse doors Dock high Distribution Warehouse doors Grade level doors (6) Six 9 x 10 ; three with full levelers (ability to add more doors) (24) Twenty-four 9 x 10 ; eight with full levelers (1) One 12 x 14 in each warehouse PARKING Paved and marked for approximately 200 vehicles FORMER USE Artificial Christmas tree production and distribution TAX PARCELS Parcel reference number / ASSESSED VALUE Building Improvement Land Total $13,113,500 $1,355,600 $14,469, TAX BILL $143, x x 14 Manufacturing Warehouse Distribution Warehouse ± 10 Acres for Future Development We cannot We cannot be responsible be for errors, for errors, omissions, omissions, withdrawal, or prior prior lease lease. or sale.

4 INDUSTRIAL FOR SALE Newport News Marine Terminal 50 Foot Channel 50 Foot Channel Naval Station International Terminal Thimble Shoals Channel 50 Feet Virginia International Gateway (FKA APM Terminal) International Airport Downtown Portsmouth Marine Terminal Naval Air Station Oceana TRANSPORTATION 3.8 miles to Interstate 264 London Bridge on ramp 16.7 miles to International Airport 24.6 miles to Virginia International Gateway (FKA APM Terminal) 22.2 miles to International Terminal 22.3 miles to Portsmouth Marine Terminal 36.8 miles to Newport News Marine Terminal We cannot We cannot be responsible be for errors, for errors, omissions, omissions, withdrawal, or prior prior lease lease. or sale.

5 MANUFACTURING WAREHOUSE DISTRIBUTION WAREHOUSE We cannot be responsible for errors, omissions, withdrawal, or prior lease or sale.

6 We cannot be responsible for errors, omissions, withdrawal, or prior lease or sale.

7 BUSINESS INCENTIVES CITY OF VIRGINIA BEACH INCENTIVES No inventory tax for manufacturers 1440 London Bridge Road, Virginia Beach INDUSTRIAL FOR SALE No tax on business equipment for manufacturers No tax on machinery and tools equipment Flat $50 business license fee for first 2 years of operations in the City of Virginia Beach (manufacturers are exempt) Yes Oceana Program incentives Economic Development Investment Program (EDIP) PORT OF VIRGINIA INCENTIVES Port volume increase tax credit Barge and rail usage tax credit International trade facility tax credit Economic and infrastructure development zone grant Foreign-Trade Zone The Virginia Port Authority holds the Grant of Authority for Foreign-Trade Zone (FTZ) #20. A Foreign- Trade Zone is a secure area under supervision of U.S. Customs and Border Protection (CBP) that is considered outside the customs territory of the United States for the purposes of duty payment. The entire Virginia Beach MSA is now considered to have FTZ designation. Activation for specific properties takes approximately 30 days. Source: