Investment Overview

Colliers International is pleased to offer for sale the Decatur Crossing II, which is located in the Southwest Submarket. This is a multi-tenant industrial property that is approximately 140,596 square feet, which consists of three (3) buildings constructed in late 2006. All tenants are on Multi-Tenant Triple Net leases. Occupancy is 100% and the Purchase Price and related capitalization rate has been calculated at the first year income with a five percent (5%) standard deduction for vacancy.

The Decatur Crossing II is offered on the following basis:
Total Purchase Price: $22,800,000
Size of Total Buildings: ±140,596 sq. ft.
Total Land Area: ±9.12 acres
Building Price Per Square Foot: $163.59
Initial Capitalization Rate: 6.19%
Terms: Cash to Existing Loan at Close

Purchase Price Summary
Annual NNN Projected (06/08–05/09) Income: $1,484,937
Less: 5% Vacancy Factor: ($74,247)
Adjusted Annual NNN Projected Income: $1,410,690
Property Value @ 6.19% Capitalization Rate: $22,800,000
Existing Loan Amount (June 2008 balance): $14,000,000
Required Down Payment (see Investment Summary): $9,031,140

Existing Loan Summary
Lender: Wachovia
Balance (06/2008): $14,000,000
Maturity Date: October 2016
Rate: 5.89% Fixed (Interest only through Nov. 2012)
30-Year Amortization thereafter
Payment: $824,600 Annual through Nov. 2012
$995,395 Annual thereafter