940 Orange Street FOR SALE > COLD STORAGE, FOOD PRODUCTION FACILITY BEDFORD, VA FEATURES:

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1 FOR SALE > COLD STORAGE, FOOD PRODUCTION FACILITY 940 Orange Street BEDFORD, VA FEATURES: > > Use: Food Production Previously operated by Trident Seafoods as a producer of battered and breaded foods. Separate R&D facility was used for cold storage in the past, however has not been used recently and needs major renovations to be considered operational. It has most recently been used as standard storage space. > > Premises: ± 63,000 SF plant and ± 25,550 SF R&D facility *Asking price calculated on plant footprint only (not R&D facility) > > Clear Height 25 - Line 1 Freezer & Warehouse Line 2 Freezer & Warehouse > > Brick and block construction Built in two phases in 1978 and 1980 > > Compliance: FDA inspected, USDA in the past, HACCP and recently received an A+ BRC certification > > Acreage: ± 28 acres CHRIS CUMMINGS NATIONAL DIRECTOR DIRECT chris.cummings@colliers.com TURNER WISEHART ASSOCIATE DIRECT turner.wisehart@colliers.com ROBERT CRAWFORD CCIM CRAWFORD COMMERCIAL REAL ESTATE SERVICES, INC DIRECT bob@crawfordcommercial.com COLLIERS INTERNATIONAL Promenade, Suite Peachtree Street NE Atlanta, Georgia

2 940 Orange Street > Building Features Square Footages: >> Total SF on premises: 88,550 SF Main facility total - 63,000 SF >> Offices 9,475 SF >> Dry warehouse 9,800 SF >> Line 1 Production Floor 10,475 SF >> Line 1 Storage Freezer 6,000 SF >> Line 1 Spiral Freezer 1,325 SF (added 2008) >> Line 1 Cooler 600 SF >> Line 2 Production Floor 5,600 SF >> Line 2 Storage Freezer 3,050 SF >> Line 2 IQF Freezer 410 SF >> Other 16,265 SF (shipping dock, equipment rooms, conference room, break room, locker rooms, separate maintenance shops, QA labs, restrooms, hallways) >> R&D facility total 25,550 SF Colliers International Atlanta, Inc., and certain of its subsidiaries, is an independently owned and operated business and a member firm of Colliers International Property Consultants, an affiliation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved.

3 940 Orange Street > Utilities, Refrigeration, General UTILITIES > > Power: > > Water: > > Propane: Primary power 69 KV Secondary power KV Main transformer 3.75 KV City 150 GPM Waste water 70,000 GPD Tank onsite filled and serviced by local distributor REFRIGERATION > > Main Facility - ammonia refrigeration Spiral Freezer 190 tons; -40 IQF Freezer 104 tons; -40 Line 1 Storage 36 tons; -10 Line 2 Storage 24 tons; -10 Ice Machines (2) 20 tons; -10 Loading Dock 10 tons; 35 Water Chillers (2) - 20 tons; 35 ABC Machines (4) 20 tons; 35 Line 1 Processing HVAC 90 tons; 35 Line 2 Processing HVAC 68 tons; 35 Line 1 Cooler 5 tons; 35 MISCELLANEOUS INFRASTRUCTURE: > > R&D CO2 capacity 20 tons > > Soy cooking oil capacity 94,500 lbs > > Fuel oil capacity 12,000 lbs > > Hydraulics 442 GPM; 1,000 PSI > > Compressed Air 120 PSI; 180 HP > > Boiler Capacity 70 PSI; 125 HP GENERAL: > > Fenced perimeter with guard house > > 100% sprinklered. Wet system except for freezer areas > > Plant has accommodated up to 250 employees in the past Colliers International Atlanta, Inc., Inc., and and certain certain of of its its subsidiaries, is is an an independently owned owned and and operated business and and a a member firm firm of of Colliers International Property Consultants, an an affiliation of of independent companies. Information contained herein herein has has been been obtained from from the the owner owner of of the the property or or other other sources that that we we deem deem reliable. We We have have no no reason reason to to doubt doubt its its accuracy, but but we we do do not not guarantee it. it. You You should should conduct an an independent investigation of of the the property to to determine the the suitability of of the the property for for your your needs. needs. This This publication is is the the copyrighted property of of Colliers International and/or and/or its its licensor(s) All All rights rights reserved.

4 940 Orange Street > Site Plan MAIN ENTRANCE MAIN FACILITY TOTAL OFFICES 63,000 SF 9,475 SF RECEPTION & FRONT OFFICES DRY WAREHOUSE AREA 9,800 SF ENGINE ROOM REFRIGERATION & HYDRAULICS LINE 2 DRY WAREHOUSE DRY WAREHOUSE Line 1 Production Floor Line 1 Storage Freezer Line 1 Spiral Freezer Line 1 Cooler LINE 2 AREA Line 2 Production Floor Line 2 Storage Freezer Line 2 IQF Freezer OTHER SPACES 10,475 SF 6,000 SF 1,325 SF 600 SF 5,600 SF 3,050 SF 410 SF 16,265 SF LINE 2 Shipping dock, equipment rooms, conference room, break room, locker rooms, maintenance shops, QA labs, Rest rooms, Hallways LINE 2 FREEZER COLD DOCK IQF FREEZER DRY WAREHOUSE DOCK HIGH DOORS (2) CLEAR HEIGHT Line 1 Freezer 25 Line 1 Dry Warehouse 25 Line 2 Freezer 21 6 Line 2 Dry Warehouse 21 6 DRIVE-IN DOORS (3) FREEZER CAFETERIA IT OFFICES & SERVERS WASTE WOMEN S LOCKER ROOMS MEN S LOCKER ROOMS SPIRAL FREEZER (ADDED 2008) COOLER COLLIERS INTERNATIONAL Promenade, Suite Peachtree Street NE Atlanta, Georgia

5 940 Orange Street > Radius Map >> A diverse economy, strong workforce and pro-business regulatory climate propel Virginia to #1 - In 2013, Forbes.com named Virginia, Best State for Business. >> Direct access to US Hwy 460, which runs east/west between Roanoke and Lynchburg and on to Richmond. >> Bedford County is in the west-central area of Virginia known as the Piedmont Plateau, midway between the cities of Lynchburg to the east and Roanoke to the west. It is made up of 764 square miles, with the Town of Bedford as the county seat in the center. >> With the Blue Ridge Mountains to the west, the James River to the northeast, and beautiful Smith Mountain Lake to the North, Bedford County is just 131 miles west of Richmond, 180 miles southwest of Washington D.C., a short day s drive to New York City or Atlanta and 697 miles to Chicago. 100 miles 200 miles 300 miles 400 miles 500 miles CHRIS CUMMINGS NATIONAL DIRECTOR DIRECT chris.cummings@colliers.com TURNER WISEHART ASSOCIATE DIRECT turner.wisehart@colliers.com ROBERT CRAWFORD CCIM CRAWFORD COMMERCIAL REAL ESTATE SERVICES, INC DIRECT bob@crawfordcommercial.com COLLIERS INTERNATIONAL Promenade, Suite Peachtree Street NE Atlanta, Georgia

6 940 Orange Street > Tax Environment and Incentives TAX ENVIRONMENT: > > 940 Orange Street taxes: 2013 Town of Bedford taxes - $22, Bedford County taxes (1/2 year) - $9, > > Bedford County s tax rates are among the lowest in Virginia, making it an attractive place to do business. The real estate rate is just 50 cents per $100 of assessed value, and business furniture and fixtures is just $1.70 per $100 value. For manufacturers, the machinery and tools tax is $1.20 per $100 value. INCENTIVES: The Bedford County Office of Economic Development has offered to work hand in hand with the new owner of 940 Orange Street. They will help to identify any and all incentives and financial advantages for your company to locate or expand here. Potential incentive options include: Local: > > Tobacco Indemnification funds for job creation projects > > Local EDA grants and assistance > > Qualifying Enterprise Zone grants and incentives (site is in a Virginia QEZ) > > Qualifying New Market Tax Credit program incentives > > Access to regional financing, training grants or loans State: > > Governor s Opportunity Fund > > Virginia Investment Partnership Act > > The Virginia Economic Development Incentive Grant (VEDIG) > > Clean Energy Manufacturing Incentive Grant > > Virginia Jobs Investment Program (VJIP) > > Corporate Income Tax Credits > > Sales and Use Tax Exemptions > > Property Tax Exemptions > > Economic Development Access Program > > Transportation Partnership Opportunity Fund > > Virginia Small Business Financing Authority (VSBFA) > > Foreign Trade Zones & Defense Production Zones When you locate to Bedford County, the Office of Economic Development will guide you through all local, regional, state, and national incentives that may apply based on your jobs, investment and other factors. * Information courtesy of Bedford County Office of Economic Development CHRIS CUMMINGS NATIONAL DIRECTOR DIRECT chris.cummings@colliers.com TURNER WISEHART ASSOCIATE DIRECT turner.wisehart@colliers.com ROBERT CRAWFORD CCIM CRAWFORD COMMERCIAL REAL ESTATE SERVICES, INC DIRECT bob@crawfordcommercial.com COLLIERS COLLIERS INTERNATIONAL INTERNATIONAL Promenade, Promenade, Suite Suite Peachtree Peachtree Street Street NE NE Atlanta, Atlanta, Georgia Georgia

7 940 Orange Street > Sample Incentives Analysis Sample Credit & Incentive Analysis Orange St, Bedford, VA Name of Incentive Description Analysis Locality: Bedford, VA Incentive Term Value Low Medium High ***assumes 150 jobs created, $13/hr wages, $15-$20MM overall investment State Tax Credits & Incentives Virginia Governor's Opportunity Fund Virginia New Jobs Investment Program The Fund is a discretionary cash grant awarded on a case by case basis. Eligible projects will typically entail the creation of 200 net new employment positions and a capital investment of at least $5 million. A reasonable benchmark is a cash grant ranging from $1,000 to $3,000 per net new employment position. Discretionary This is a cash-based incentive specific to the training of new employees. Minimum eligibility thresholds include the creation of twenty five (25) net new employment positions and a Discretionary corresponding wage rate of $10.00/hr; and capital investment of $1 million. A reasonable benchmark is a benefit ranging from $500 to $1,000 per trainee. Years in Which Job Creation Occurs Years in Which Training Occurs $1,000 to $3,000 per Net New Job $500 to $1,000 per Trainee $150,000 $300,000 $450,000 $75,000 $112,500 $150,000 Based on the anticipated job creation and capital investment, the Company could potentially qualify for this incentive. The value would be predicated on the number of jobs, average annual wage, capital investment, and overall viability of the project. The low estimate reflects the value of a grant equal to $1,000 per job; and the medium estimate is based on a grant equal to $2,000 per job. The high estimate is more aggressive and reflects a per job grant of $3,000. The expected job creation and investment commitments could put the Company in position to qualify for the incentive. The value of the incentive is determined on a case-by-base basis; and, for purposes of this analysis, ADP has presumed a grant ranging from $500 to $1,000 per trained employee. The cash benefit would remitted following the completion of training activities. Virginia Major Business Facility Job Tax Credit Enterprise Zone Job Creation Grant This is a corporate income tax credit with a corresponding value of $1,000 for each net new full-time job created over a fifty (50) job threshold in the State. The credit is remitted in three (3) annual installments. And, the benefit is not refundable so that the Company must possess the requisite state liabilities either during the 3 year period or subsequent ten (10) year carryforward. For companies locating within a qualified Enterprise Zone, there is cash grant equal to $500 per newly created job. The grants are typically remitted over a period of five (5) years. Corporate Income Tax Credit Remitted over period of Three Years Up to Five Years $1,000 per Net New Job $500 per Net New Job $150,000 $150,000 $150,000 $0 $0 $75,000 Eligibility for the tax credit will ultimately be based on the ability to demonstrate that the project facility is a major business facility. But, presuming a successful negotiation in that regard, the Company would qualify for the credit. The credit is equal to $1,000 per job for every employment position over a base line of fifty (50). Thus, the Company would receive the credit for 150 net new jobs. The listed values would be remitted over a period of three (3) years; but, the credit is not refundable and necessitates having state liabilities. To qualify for this incentive, the project must locate to a qualified Enterprise Zone; and, it is not yet known if the Company will be able to satisfy this geographical requirement. Thus, ADP has tentatively listed the low and medium estimations as '$0'. The high estimate is aggressive in presuming that the Company does to a zone; and, the listed value shows a cash grant equal to $500 per job (200 total jobs). Enterprise Zone Investment Grant For companies locating within a qualified Enterprise Zone, there is cash grant to induce new construction activities or the renovation of existing facilities. The minimum eligibility threshold includes $1 million capital investment. The grant will be remitted over a period of five (5) years. And, the maximum value of the grant is $200,000. Remitted over Five Years Up to $200,000 $0 $0 $200,000 This incentive also necessitates locating to an Enterprise Zone. Because it is not yet known if the Company will satisfy that requirement, ADP has listed the low & medium estimates as '$0'. If the project locates to a zone, and based on the anticipated capital investment, it is likely to procure the maximum available grant. And, that is reflected in the high estimate. Local Tax Credits & Incentives Localized Incentive Offerings Localities in Virginia have the discretion, and ability, to offer economic incentives as an inducement of job creation and capital investment. The type, and value, of incentives will be decided on a case-by-case basis; and, pertinent factors will include the types of jobs to be created, the corresponding wage rates, the level of capital investment, and the overall return-on - investment for the localities. Moreover, a company must demonstrate that the assistance is a material factor in the business decision to locate to, or expand in, the local jurisdictions. Various Negotiated Negotiated $100,000 $150,000 $200,000 To provide a more definitive estimation of local benefits, ADP would need additional information concerning the jurisdictions being considered for this project. But, based on the anticipated job creation and capital investment, the Company could potentially receive financial assistance ranging from $100,000 to $200,000. How that benefit is remitted (property tax, sales tax, cash, permit fees) would be negotiated and based on the project's overall viability. Information courtesy of Colliers incentives partner, ADP. All estimated grant/incentives amounts are purely speculative and in no way are guaranteed by Colliers International, ADP, Bedford County or the State of Virginia. Colliers International Atlanta, Inc., and certain of its subsidiaries, is an independently owned and operated business and a member firm of Colliers International Property Consultants, an affiliation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved.