OFFERING SUMMARY ALLEGIANCE CRANE & EQUIPMENT 1

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Damian O’Connor’
5 years ago
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1 777 SOUTH ANDREWS POMPANO BEACH, FLORIDA AN EXCLUSIVE OPPORTUNITY TO ACQUIRE THE FEE SIMPLE INTEREST IN A SINGLE TENANT NNN LEASED WAREHOUSE AND CORPORATE HEADQUARTERS PROXIMATE TO RAIL LINES, I-95 AND FLORIDA'S TURNPIKE OFFERING SUMMARY ALLEGIANCE CRANE & EQUIPMENT 1

2 BOCA RATON DOWNTOWN POMPANO BEACH 10 Miles 5 Miles ATLANTIC OCEAN S ANDREWS AVENUE 2

3 FORT LAUDERDALE 7 Miles INVESTMENT OFFERING Holliday Fenoglio Fowler, L.P. ( HFF ) is pleased to offer the fee simple interest in 777 S. Andrews (the Property ), a +/- 32,000 SF warehouse/office property, corporate headquarters, and mission critical operating base for Allegiance Crane & Equipment LLC, (the Tenant, or Allegiance ). The Property is being offered as a NNN sale leaseback opportunity to Allegiance Crane & Equipment LLC. The Seller is willing to consider amendments to the existing lease as part of the negotiation with prospective purchasers.. PROPERTY DESCRIPTION RENTABLE AREA RENT 777 South Andrews Avenue, Pompano Beach, Florida Warehouse and corporate headquarters on 5.01 acres of land Office: 7,740 SF 25% Warehouse: 23,853 SF 75% Total: 31,593 SF 100% Current rent is $10.32 PSF NNN ($325,950 annually) with the greater of CPI or 2.5% annual escalations LEASE TERM 10 years, beginning on 12/30/2016 and ending on 12/30/2026 RENEWAL OPTION Two 5-year renewal options 3

INVESTMENT HIGHLIGHTS Long-term absolute NNN lease with the greater of CPI or 2.5% annual escalations. Mission critical facility with growing South Florida customer base.

4 INVESTMENT HIGHLIGHTS Long-term absolute NNN lease with the greater of CPI or 2.5% annual escalations. Mission critical facility with growing South Florida customer base. 43% top line revenue growth for Allegiance from 2016 to 2017 driven by Miami World Center contract, Tier 1 status with FP&L, and successful shift from oilfield business to petrochemical business. Proximate to South Florida s most demanding construction markets including Miami, Ft. Lauderdale, and West Palm Beach. Superb Pompano Beach industrial market fundamentals boasting 2.5% vacancy as of Q and 24% rent growth from 2011 to Negotiable lease structure. Location has an exceptional adjusted EBITDAR to rent coverage ratio on a trailing twelve month basis (through February 2018) of 11.3x and adjusted EBITDA margin on a trailing twelve month basis (through February 2018) of 18.5%. Proximate to rail lines and I-95 ideal for shipping heavy machinery to construction markets along the I-95 corridor. 4 EXECUTIVE SUMMARY

TENANCY Allegiance provides state-of-the-art equipment with trained, professional operators & support personnel as the premier single source provider solving logistical challenges involving the most

leading operators. Allegiance serves the construction, energy, and infrastructure industries with its operators and equipment.

5 TENANCY Allegiance provides state-of-the-art equipment with trained, professional operators & support personnel as the premier single source provider solving logistical challenges involving the most challenging conditions, where restricted access and extreme lifting requirements imply the use of their crawler cranes, mobile cranes, and personnel/material hoists in tandem with their industry leading operators. Allegiance serves the construction, energy, and infrastructure industries with its operators and equipment. Recent highlights for the Pompano Beach location in particular include: Miami World Center Contract: $4MM contract on one of Miami s highest profile developments through Tier 1 Status with FP&L: Allegiance is now a tier 1 provider for FP&L, making them the first call for FP&L s crane requests in certain areas of Florida. FP&L spent $40MM on crane work in Palm Beach County Broward County 869 Coral Springs UNIVERSITY DR HILLSBOROUGH BLVD 869 Coconut Creek SAMPLE RD HILLSBOROUGH BLVD 95 Boca Raton Deerfield Beach Headquarters Location: Adjusted EBITDAR to rent coverage ratio on a trailing twelve month basis (through February 2018) of 11.3x and adjusted EBITDA margin on a trailing twelve month basis (through February 2018) of 18.5%. LOCATION COPANS RD 912 ATLANTIC BLVD 811 DIXIE HWY 1 Pompano Beach The Property is strategically located in Pompano Beach, FL just west of I-95 and just 2.5 miles east of Florida s Turnpike, Florida s two major north-south thoroughfares. Its location lends it easy access to South Florida s largest MSAs including Miami, Ft. Lauderdale, and West Palm Beach, which allows its crane leasing and operations business to service some of the most demanding construction markets on the east coast. The 845 Everglades COMMERCIAL BLVD ALLEGIANCE CRANE & EQUIPMENT 5

INVESTMENT ADVISORY FINANCING ADVISORY hfflp.com 1450 BRICKELL SUITE 2950 MIAMI, FL 33131 TRACEY GOO Director 305.421.6548 tgoo@hfflp.com NICHOLAS FOSTER Director 949.798.4135 nfoster@hfflp.

6 INVESTMENT ADVISORY FINANCING ADVISORY hfflp.com 1450 BRICKELL SUITE 2950 MIAMI, FL TRACEY GOO Director NICHOLAS FOSTER Director LUIS CASTILLO Managing Director JESSE WRIGHT Associate MAXX CARNEY Director Holliday Fenoglio Fowler, L.P. a Florida licensed real estate broker. HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on 6 SECTION

FOR SALE. WELLINGTON CORPORATE CENTER III 1400 CORPORATE CENTER WAY Wellington, FL 33414

FOR SALE. WELLINGTON CORPORATE CENTER III 1400 CORPORATE CENTER WAY Wellington, FL 33414 FOR SALE WELLINGTON CORPORATE CENTER III 1400 CORPORATE CENTER WAY Wellington, FL 33414 AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT CBRE, Inc. operates within a global family of companies