2001 TURNHAVEN DRIVEHOLLY SPRINGS, NC 27540

MIXED USE DEVELOPMENTOPPORTUNITY

The information contained in this Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party(ies) receiving it from Blue Sky Services Real Estate LLC and should not be made available to any other person or entity without the written consent of Blue Sky Services Real Estate LLC. If you are not the intended recipient, you are hereby notified that any retention, dissemination, duplication, forwarding, copying or taking any action in reliance on the contents of this information is strictly prohibited. If you receive this Offering Memorandum in error, whether in electronic or printed form, please notify the sender and destroy the document.

This Offering has been prepared to provide a summary of unverified information to prospective purchasers, and to establish only a prelimi-nary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

Blue Sky Services Real Estate LLC has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the prop-erty and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Offering has been obtained from sources we believe are reliable; however, Blue Sky Services Real Estate LLC has not verified, and will not verify, any of the information contained herein, nor has Blue Sky Services Real Estate LLC con-ducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or com-pleteness of the information provided.

EXCLUSIVELY OFFERED BYBLUE SKY SERVICES REAL ESTATE, LLC

NIKITA ZHITOVPRINCIPAL/BIC919.412.9038 MNIKITA@BLUESKYSERVICES.COM

119 SW MAYNARD ROAD, SUITE 200CARY, NORTH CAROLINA 27511919.747.4901 O919.400.4349 F

WWW.BLUESKYSERVICES.COM

2001 TURNHAVEN DRIVEHOLLY SPRINGS, NC 27540

OFFERING SUMMARY

Blue Sky Services is pleased to present an outstanding Mixed Use Land Development Opportunity in Main Street Square, on NC-55 in Holly Springs, NC. Situated near the NC-55 and Avent Ferry Road intersection, this property offers a superb location surrounded by residential neighborhoods while close to shops, retail, commercial, recreation, employ-ment, major thoroughfares and much more. Located in a prime Holly Springs location with-in four miles I-540 Extension, this turn-key opportunity is pad ready with approved plans for an approximately 13,937 square foot building. As part of Raleigh MSA, the town of Holly Springs is one of the most desired communities in the area and consistently named the Safest Town in the United States. Proximate to NC’s Research Triangle Park (the premier employment center in the Triangle region of North Carolina and also one of the leading hubs for biotech and development in the state and Eastern part of USA). Holly Springs is minutes away from Raleigh, as well as within 10 miles of over 20 major colleges and universities, major interstates, employment centers and RDU International Airport.

PRICING:$475,000

LAND AREA:0.18 AC

PROPERTY ADDRESS:

2001 TURNHAVEN DRIVEHOLLY SPRINGS, NC

27540

PARCEL NUMBER:0372053

ZONING:PUD

TRAFFIC COUNTS:31,000 VPDON NC-55

AVENT FERRY RD

CONCEPTUAL TURN-KEYOPPORTUNITY

GROUND FLOOR RETAIL

(3) TWO-STORY LUXURY RESIDENCES

FULLY ENTITLED AND ENGINEERED

GRADING PERMIT READY

FRONT ELEVATION

0.18 AC NESTLED IN MAIN STREET SQUARE,

A MOST DESIREABLE WORK, LIVE & PLAY

COMMUNITY

(2) FLOORS OFFICE/RETAIL(2) FLOORS RESIDENTIAL

UP TO 13,937 SF BUILDING

0.18 AC NESTLED IN MAIN STREET SQUARE,

A MOST DESIREABLE WORK, LIVE & PLAY

COMMUNITY

(2) FLOORS OFFICE/RETAIL(2) FLOORS RESIDENTIAL

UP TO 13,937 SF BUILDING

REAR ELEVATION

CONCEPTUAL TURN-KEYOPPORTUNITY

GROUND FLOOR RETAIL

(3) TWO-STORY LUXURY RESIDENCES

FULLY ENTITLED AND ENGINEERED

GRADING PERMIT READY

BASEMENT FLOOR PLAN

AVAILABILITY:PERSONAL

AND/ORSERVICE USE

AND/OROFFICE SPACE

TOTAL SQUARE FOOTAGE:~ 3,369 SQ FT

PROJECTED NNN RENTS:

$19 PER SQ FT

AVAILABILITY:3 RETAIL BAYS

STREET RETAIL

EXCELLENTPEDESTRIAN

VISIBILITY

TOTAL SQUARE FOOTAGE:~ 2,942 SQ FT

PROJECTED NNN RENTS:

$33 PER SQ FT

GROUND FLOOR PLAN

SECOND FLOOR PLAN

AVAILABILITY:(3) TWO-STORY

LUXURY RESIDENCES

3-BEDROOMCORNER UNITS

PROJECTED RENT: $1,975~2,510 - 2,592 SQ FT

2-BEDROOMMIDDLE UNIT

PROJECTED RENT: $1,750~2,420 SQ FT

THIRD FLOOR PLAN

AVAILABILITY:(3) TWO-STORY

LUXURY RESIDENCES

3-BEDROOMCORNER UNITS

PROJECTED RENT: $1,975~2,510 - 2,592 SQ FT

2-BEDROOMMIDDLE UNIT

PROJECTED RENT: $1,750~2,420 SQ FT

PROJECTED RENT ROLL & NOI

Office UnitSize Rent(NNN) MonthlyRent AnnualRentBasement-01 1200sqft $19.00/sqft $1,900 22,800$Basement-02 949sqft $19.00/sqft $1,503 18,031$Basement-03 1220sqft $19.00/sqft $1,932 23,180$BasementRentTICAMReimbursement 3,369sqft $4.00/sqft $1,123 13,476$

Retail UnitSize Rent(NNN) MonthlyRent AnnualRentGroundFloor-01 1052sqft $33.00/sqft $2,893 34,716$GroundFloor-02 823sqft $33.00/sqft $2,263 27,159$GroundFloor-03 1067sqft $33.00/sqft $2,934 35,211$ReatilRentTICAMReimbursement 2,942sqft $4.00/sqft $981 11,768$

Residential UnitType AvgUnitSize RentalRate RentPerUnit MonthlyRent AnnualRentResidential-01 3BD/2.5BA 2,510sqft $658/bed $1,975 $1,975 23,700$Residential-02 2BD/2.5BA 2,420sqft $875/bed $1,750 $1,750 21,000$Residential-03 3BD/2.5BA 2,592sqft $658/bed $1,975 $1,975 23,700$

TotalResidentialUnits: 3TotalCommercialUnits 6

TotalGrossIncome 254,741$

Expenses MonthlyExpensesAnnualExpensesManagement 6.00% ofResidentialRentRoll $224 2,682$HOADues $1.00 persqft $1,161 13,937$Electric(commonareas) Site&BuildingLighting $100 1,200$TrashRemoval IncludedinHOADues $0 -$Landscaping IncludedinHOADues $0 -$Water&Sewer PaidbyTenants/SeperatelyMetered $0 -$Insurance Estimate $500 6,000$Taxes BasedonBuildingCost $2,167 26,005$

TotalExpenses 49,824$

EstimatedNetOperatingIncome 204,917$

*Disclaimer:TheFinancialProjectionscontainedhereinareestimatesoffutureeventsbasedonassumptionsthatmayormaynotoccur.

Preparersofthisdocumentdidnotindependentlyverifyaccuracyofthisinformaiton.

2001 TURNHAVEN DR - PROJECTED OPERATING EXPENSES

2001 TURNHAVEN DR - PROJECTED RENT ROLL & NOI

* DISCLAIMER: THE FINANCIAL PROJECTIONS CONTAINED HEREIN ARE ESTIMATES OF FUTURE EVENTS BASED ON ASSUMPTIONS THAT MAY OR MAY NOT OCCUR. PREPARERS OF THIS DOCUMENT DID NOT INDEPENDENTLY VERIFY ACCURACY OF THIS INFORMATION.

PROJECTED DEVELOPMENT BUDGET

Notes % Total TotalHard CostLand Purchase $60.58 per sqft 7841 sqft Developed Pad 19.13% $475,000Site Work (Grading, Utilities, Sidewalks) $6.38 per sqft 7841 sqft 2.01% $50,000Construction Cost (Stick Frame) $105.74 per sqft 13,937 sqft Per Osterland 59.36% $1,473,720Retail Tenant Upfit Allowance $40.00 per sqft 2,942 sqft 4.74% $117,680Office Tenant Upfit Allowance $40.00 per sqft 3,369 sqft 5.43% $134,760Appliance Package $2,500 Per Unit 3 units 0.30% $7,500Hard Cost Contingency 5.00% of Building Base Hard Cost 3.07% $76,186Total Hard Cost 94.05% $2,334,846

per SQFT $168

Soft CostCivil, Architectural, Structural, & PME $250,000 Paid / Included in Land Sale Price 0.00% $0Surveying Boundary, Topo, Alta, etc 0.20% $5,000Bank Inspections $500 per inspection Bi-Weekly 52 weeks 0.26% $6,500Construction Loan Interest 1/2 of Loan Outstanding during construction average $2,000,000 Loan Amount 2.01% $50,000Loan Fee / Origination 0.50% of Loan Amount 0.40% $10,000Bank Appraisal 0.14% $3,500Permits Estimate 0.00% $0Insurances General Liability 0.10% $2,500Real Estate Tax During Construction $223,068 Tax Value 1.0475% Tax Rate 0.09% $2,337Retail Leasing Commissions 6.00% Commission 5 year lease 1.17% $29,126Office Leasing Commissions 6.00% Commission 5 year lease 0.77% $19,203Marketing Costs Website, Banners, Google Ad Words, Promotions, etc 0.40% $10,000Accounting Fees 0.10% $2,500Soft Cost Contingency 5.00% of Soft Costs 0.28% $7,033Total Soft Costs 5.95% $147,699

Total Project Cost 100.00% $2,482,545per SQFT $178

EstimatedProjectCost 2,482,545$EstimatedCAPRateAtCost 8.25%EstimatedMarketCapRateforAssetType 5.25%ProjectedResaleValueofStabilizedAsset 3,903,187$ProjectEquity/ProjectedProfit 1,420,642$

*Disclaimer:TheFinancialProjectionscontainedhereinareestimatesoffutureeventsbasedonassumptionsthatmayormaynotoccur.Preparersofthisdocumentdidnotindependentlyverifyaccuracyofthisinformaiton.

2001 TURNHAVEN DR - PROJECT SUMMARY

MIXED-USEDEVELOPMENTPROFORMA2001 TURNHAVEN DR - PROJECTED DEVELOPMENT COSTS & USES OF FUNDS

* DISCLAIMER: THE FINANCIAL PROJECTIONS CONTAINED HEREIN ARE ESTIMATES OF FUTURE EVENTS BASED ON ASSUMPTIONS THAT MAY OR MAY NOT OCCUR. PREPARERS OF THIS DOCUMENT DID NOT INDEPENDENTLY VERIFY ACCURACY OF THIS INFORMATION.

Notes % Total TotalHard CostLand Purchase $60.58 per sqft 7841 sqft Developed Pad 19.13% $475,000Site Work (Grading, Utilities, Sidewalks) $6.38 per sqft 7841 sqft 2.01% $50,000Construction Cost (Stick Frame) $105.74 per sqft 13,937 sqft Per Osterland 59.36% $1,473,720Retail Tenant Upfit Allowance $40.00 per sqft 2,942 sqft 4.74% $117,680Office Tenant Upfit Allowance $40.00 per sqft 3,369 sqft 5.43% $134,760Appliance Package $2,500 Per Unit 3 units 0.30% $7,500Hard Cost Contingency 5.00% of Building Base Hard Cost 3.07% $76,186Total Hard Cost 94.05% $2,334,846

per SQFT $168

Soft CostCivil, Architectural, Structural, & PME $250,000 Paid / Included in Land Sale Price 0.00% $0Surveying Boundary, Topo, Alta, etc 0.20% $5,000Bank Inspections $500 per inspection Bi-Weekly 52 weeks 0.26% $6,500Construction Loan Interest 1/2 of Loan Outstanding during construction average $2,000,000 Loan Amount 2.01% $50,000Loan Fee / Origination 0.50% of Loan Amount 0.40% $10,000Bank Appraisal 0.14% $3,500Permits Estimate 0.00% $0Insurances General Liability 0.10% $2,500Real Estate Tax During Construction $223,068 Tax Value 1.0475% Tax Rate 0.09% $2,337Retail Leasing Commissions 6.00% Commission 5 year lease 1.17% $29,126Office Leasing Commissions 6.00% Commission 5 year lease 0.77% $19,203Marketing Costs Website, Banners, Google Ad Words, Promotions, etc 0.40% $10,000Accounting Fees 0.10% $2,500Soft Cost Contingency 5.00% of Soft Costs 0.28% $7,033Total Soft Costs 5.95% $147,699

Total Project Cost 100.00% $2,482,545per SQFT $178

EstimatedProjectCost 2,482,545$EstimatedCAPRateAtCost 8.25%EstimatedMarketCapRateforAssetType 5.25%ProjectedResaleValueofStabilizedAsset 3,903,187$ProjectEquity/ProjectedProfit 1,420,642$

*Disclaimer:TheFinancialProjectionscontainedhereinareestimatesoffutureeventsbasedonassumptionsthatmayormaynotoccur.Preparersofthisdocumentdidnotindependentlyverifyaccuracyofthisinformaiton.

2001 TURNHAVEN DR - PROJECT SUMMARY

MIXED-USEDEVELOPMENTPROFORMA2001 TURNHAVEN DR - PROJECTED DEVELOPMENT COSTS & USES OF FUNDS

AREA DEMOGRAPHICS

AREA DEMOGRAPHICS

2001 Turnhaven Dr, Holly Springs, NC 27540

Population 1 Mile 5 Mile3 Mile2018 Total Population: 6,881 84,39940,771

2023 Population: 7,772 94,55545,916Pop Growth 2018-2023: 12.95% 12.03%12.62%

Average Age: 34.70 35.6035.00Households2018 Total Households: 2,546 30,01014,294HH Growth 2018-2023: 13.32% 12.30%13.01%Median Household Inc: $83,094 $89,924$94,386

Avg Household Size: 2.70 2.802.902018 Avg HH Vehicles: 2.00 2.002.00

HousingMedian Home Value: $226,048 $272,606$267,003

Median Year Built: 2002 20022003

Population for 5 Mile Radius

Copyrighted report licensed to Blue Sky Services Real Estate - 646277.10/5/2018

POPULATION

Holly Springs 33,260 April 2016 est

Wake County 1,024,198 July 2015 est

2001 Turnhaven Drive

1 mile 3 miles 5 miles

Population 6,881 40,771 84,399

Employees 5,185 30,840 64,381

Average Age 34.70 35.00 35.60

% Employed 68.54% 68.12% 68.25

HOUSEHOLDS

1 mile 3 miles 5 miles

Total Households 2,546 14,294 30,010

Median HH Value $226,048 $267,003 $272,606

Average HH Income $102,312 $113,097 $107,531

• Among World’s 300 Largest Metropolitan Economies in 2014 - Brookings Institution, January 2015• #1 Among The U.S. Cities Attracting The Most Families (Raleigh MSA) - Forbes, Sept 2014• #3 Among Best Metro Areas for STEM (Science, Technology, Engineering & Math) Professionals - WalletHub, January 2015• #7 Among America’s Smartest Cities (Raleigh) - Forbes, November 2014• #1 Among The Best Places for Business and Careers - Forbes, July 2014

AREA ACCOLADESAN IDEAL LOCATION IN HOLLY SPRINGS, NC, CON-SISTENTLY RANKED ONE OF THE SAFEST TOWNS IN THE UNITED STATES. SHOPPING, RESTAURANTS AND ENTERTAINMENT ARE ALL WITHIN A SHORT WALK. HOLLY SPRINGS OFFERS THE URBAN APPEAL IN A SUBURBAN LOCATION.

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