INVESTMENT OPPORTUNITY

INVESTMENT HIGHLIGHTS

PROPERTY Class B+ Office

ASKING PRICE $3,750,000

PRICE PSF $86.67

AVERAGE RENT PSF $18.50 Full Service

BUILDING SIZE 43,269 SF

SITE SIZE 2.7 AC

YEAR BUILT 1985; Renovated 2012-2019

PARCEL NUMBER 13-21-29-300-0050-0000> Priced well below replacement cost

> Quality building with the attributes required to enhance long term Ownership

> 43,269 SF

> Lighted intersection access via both Central Parkway and Palm Springs Drive, in addition to access via internal Altamonte Mall roads

> 136 parking spaces (includes 5 handicap spaces) with a ratio of 3.6/1,000 SF

> 2019 traffic counts of 26,398 on Palm Springs Drive and 23,315 on Central Pkwy

> Individual suites are typically finished with painted sheetrock walls, office grade carpet, chair rail and base; suspended grid acoustical ceiling tiles and recessed lights

> Capital improvements over the last seven years have been in excess of $1M, including tenant improvements, roof replacement, HVAC replacements, new parking lot lights, upgrading the fire protection system, new fire pump, exterior LED lighting, and landscape and irrigation upgrades

This summary has been prepared by Hold-Thyssen, Inc. for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. All projections have been developed by Seller, Hold-Thyssen, and designated sources and are based upon assumptions relating to the general economy, competition and other factors beyond the control of Seller, and therefore are subject to variation. No representation is made by Seller or Hold-Thyssen as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Seller, Hold-Thyssen and its employees, disclaim any responsibility for inaccuracies, and expect prospective purchasers to exercise independent due diligence in verifying all such information. The bearer of this property summary agrees that neither Hold-Thyssen, Inc. nor the Seller shall have any liability for any reason to any Potential Purchaser or Related Parties resulting from the use of this property summary.

DARBY HOLDT: 407-691-0505M: 407-810-0454dhold@holdthyssen.com

R. ANTHONY FISHERT: 407-691-0505afisher@holdthyssen.comwww.holdthyssen.com

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THE LAUREL BUILDING498 Palm Springs Dr. | Altamonte Springs, FL 32701

HOLDTHYSSENR E A L E S T A T E S E R V I C E S

HOLDTHYSSENR E A L E S T A T E S E R V I C E S

Offering Memorandum | Fresenius Medical CareThe Laurel Building | Altamonte Springs, FL

LOCATION

ALTAMONTE MALL

PALM SPRINGS DR.

CENTRA

L PKWY

SR 436

ADVENT HEALTHNORTH

CRANES ROOST PARK

INTERSTATE

4

The Laurel Building | Altamonte Springs, FL

DARBY HOLDT: 407-691-0505M: 407-810-0454dhold@holdthyssen.com

R. ANTHONY FISHERT: 407-691-0505afisher@holdthyssen.comwww.holdthyssen.com

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MARKET DEMOGRAPHICS

POPULATION 1-MILE 3-MILE 5-MILE

2024 Projection 12,482 106,061 262,202

2019 Estimate 11,810 97,991 244,525

Growth 2010-2019 5.34% 22.55% 12.05%

Growth 2019-2024 5.69% 8.24% 7.23%

Average Age 41.40 40.80 40.20

HOUSEHOLDS 1-MILE 3-MILE 5-MILE

2024 Projection 6,129 45,315 108,230

2019 Estimate 5,819 41,945 101,115

Growth 2010-2019 3.98% 22.05% 11.51%

Growth 2019-2024 5.33% 8.03% 7.04%

INCOME 1-MILE 3-MILE 5-MILE

2019 Average Household Income $72,953 $74,356 $75,723

2019 Median Household Income $59,815 $55,790 $56,297

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HOLDTHYSSENR E A L E S T A T E S E R V I C E S

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. Hold Thyssen, Inc. is a licensed real estate broker.