76 ACRE LAND SITE AVAILABLE APPROVED 2211 PARSONS AVENUE, COLUMBUS, OH FEDERAL OPPORTUNITIES ZONE PROGRAM

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1 R E D E V E LO P M E N T FEDERAL OPPORTUNITIES APPROVED ZONE PROGRAM 2211 PARSONS AVENUE, COLUMBUS, OH O P P O R T U N I T Y

2 EXCELLENT LAST MILE LOCATION LOCATED IN MAJOR LABOR POOL CONVENIENT ACCESS TO I-71 AT SR 104 (FRANK ROAD) SITE MAP ZONED I: INDUSTRIAL FLAT SITE READY FOR NEW DEVELOPMENT

3 DRIVE TIMES KEY DRIVE TIMES 5 Minutes 10 Minutes 15 Minutes LOCATION ADDRESS SF FedEx 1 FedEx 2 FedEx 3 FedEx 4 FedEx 5 FedEx 6 10 Commerce Parkway 2969 Lewis Centre Way 6120 South Meadows Drive 6840 Pontius Road 4600 Poth Road 2424 Citygate Drive 160, , , , , ,832 UPS 1 UPS 2 UPS 3 UPS 4 UPS Trabue Road Georgesville Rd 3500 Centerpoint Drive 2450 Rathmell Road 3400 Refugee Road 321, , , , ,000 LOCATION Airport 1 Airport 2 Airport 3 Airport 4 Bolton Field Rickenbacker International Airport John Glen International Airport Ohio State University Airport Train 1 Train 2 Train 3 CSX CSX Norfolk Southern

4 FEDERAL OPPORTUNITIES ZONE PROGRAM Ohio has 1,300 eligible census tracts for the Federal Opportunity Zone Program but only has the ability to select just over 300 census tracts and only just over a dozen tracts not in low-income communities. The state of Ohio is planning a web site where applicants for the state s Federal Opportunity Zone Program can submit their applications. WHAT IS THE FEDERAL OPPORTUNITY ZONE PROGRAM? The federal tax reform created the new Qualified Opportunity Zone program. The Qualified Opportunity Zone program is designed to encourage investment in businesses that are located in low-income communities by permitting a taxpayer who recognizes gain on the sale of property to gain certain tax benefits. WHAT TAX INCENTIVES DO FEDERAL OPPORTUNITY ZONES OFFER? FEDERAL OPPORTUNITY ZONES OFFER THREE TAX INCENTIVES: 1. A temporary tax deferral for capital gains reinvested in an Opportunity Fund the deferred gain is recognized on the earlier of the date on which the opportunity zone investment is sold or December 31, A step-up in basis for capital gains reinvested in an Opportunity Fund the basis of the original investment is increased by 10% if the investment in the qualified opportunity zone fund is held by the taxpayer for at least 5 years, and by an additional 5% if held for at least 7 years, excluding up to 15% of the original gain from taxation. 3. A permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund, if the investment is held for at least 10 years. HOW WILL THE FEDERAL OPPORTUNITY ZONE PROGRAM OPERATE? Fund but the tax reform law defines this as a partnership or corporation formed for the purpose of making investments in businesses located in low-income communities designated as Qualified Opportunity Zones. To gain the program benefits, an investor must invest proceeds from a sale or exchange of assets to an unrelated party into a Qualified Opportunity Fund within 180 days from the date of such sale or exchange. This investor may choose to reinvest only a portion of the proceeds from the original sale or exchange, in which case only a portion of the gain would be deferred. A Qualified Opportunity Fund is required to invest at least 90% of its assets in targeted businesses where substantially all of the tangible assets of each such business are used in a Qualified Opportunity Zone, and at least 50% of the gross income earned from each such business is from the active conduct of business in a Qualified Opportunity Zone. Opportunity Funds provide investors the chance to put that money to work rebuilding the low income communities. WHERE WILL THE FEDERAL OPPORTUNITY ZONE PROGRAM APPLY? The tax reform law requires Governors of each state to nominate qualifying census tracts to the Treasury Department by March 21, State Governors may nominate at least 25 census tracts but can only nominate 25% of a state s eligible census. Eligible census tracts must have a poverty rate of at least 20% or a median income that does not exceed 80% of the statewide income. Up to 5% of census tracts that do not meet the definition of a low-income community can be designated under an exemption. Exempt census tracts must be contiguous with low-income community census tracts designated as Opportunity Zones, and the median family income of the exempt tract must not exceed 125% of the median family income of the designated low-income community census tract with which it is contiguous. The US Treasury Department will certify who is a Qualified Opportunity

5 R E D E V E LO P M E N T O P P O R T U N I T Y Excellent Last Mile Location Located in Major Labor Pool Excellent Access to I-71 at SR 104 (Frank Road) Zoned I Industrial Flat Site Ready for New Development CONTACT Joe Kimener Senior Associate joseph.kimener@cbre.com 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_January PARSONS AVENUE, COLUMBUS, OH