NVI Technical College Information

S UMMARY OF S ALIENT F ACTS 4

PROPERTY DATA

Property Name Address

Four Building Industrial Complex 500 Innovation Drive Blairsville, Pennsylvania 15717 Located along the north and south side of Cornell Road, between Corporate Campus Drive & Innovation Drive.

Location

Property Description

Industrial (Industrial Park) Owner-occupied technical school Indiana 10-047-101,10-047-204 9620.00 Lengthy legal, a copy has been provided in exhibits section.

County Parcel Number Census Tract No. Legal Description Site Area Primary Site

1,150,812 square feet (26.42 acres)

Zoning Flood Zone/Map Number/Date

N/A;

Zone X (Unshaded) 2004 2021 Masonry, Metal 4 282,125 square feet 282,125 square feet

42063C0530F

April 3, 2012

Year Built Year Renovated

Type of Construction Number of Buildings Gross Building Area Net Rentable Area Total Number of Tenants Occupancy Overall Condition Overall Quality Overall Design/Functionality

1 100.0%

Good Good Good

Financial Indicators FINANCIAL INDICATORS AND PRO FORMA OPERATING DATA

Current Occupancy Stabilized Occupancy

100.0% 90.0% 1.00% 8.50% Per SF $9.69 $3.14

Stabilized Collection Loss Overall Capitalization Rate Pro Forma Operating Data Effective Gross Income

Total

$2,733,592 $884,983

Operating Expenses

Expense Ratio

32%

Net Operating Income

$1,848,609

$6.55

F OUR B UILDING I NDUSTRIAL C OMPLEX A PPRAISAL

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