MOORE SELF STORAGEPENN HILLS, PA

EXCLUSIVE INVESTMENT OFFERING603 RODI ROAD

EXCLUSIVE OFFERING PACKAGE PRESENTED BY:MICHAEL LIGUORImliguori@HannaLWE.com

ANDREW SHERRYasherry@HannaLWE.com

EXISTING STORAGE35,158 SF279 units

PERMITTED ADDITION39,140 SF283 units

OFFERING $4,200,000

Contact

Exclusively listed through Hanna Langholz Wilson Ellis. Property and market tours will be arranged through Hanna Langholz Wilson Ellis.

MICHAEL LIGUORImliguori@HannaLWE.com

ANDREW SHERRYasherry@HannaLWE.com

Hanna Langholz Wilson EllisOne PPG Place, Suite 1640Pittsburgh, PA 15222412.261.2200 (ph)412.261.2075 (fax)www.HannaLWE.com

Table of Contents

SECTION 1 CONFIDENTIALITY

SECTION 2 EXECUTIVE SUMMARYOverview of Portfolio OfferingAerials & Site Plans

SECTION 3 PORTFOLIO SUMMARYValuation AnalysisHistorical FinancialsManagement summary

Section 1Confidentiality

SECTION 1

Confidentiality

THIS IS A CONFIDENTIAL MEMORANDUM intended solely for your limited use in considering whether to pursue negotiations to purchase Moore Self Storage, 603 Rodi Road, Pittsburgh, PA 15235 (the “Property”). This confidential memorandum contains brief, selected information pertaining to the Property and has been prepared by Hanna Langholz Wilson Ellis (“Broker”), based upon information supplied by the Owner and other parties. All projections have been developed by Broker and are based on assumptions relating to the general economy, competition and other factors beyond the control of Owner and are therefore subject to variation. This confidential memorandum does not purport to be all-inclusive or to contain all of the information, which a prospective purchaser may desire and shall not 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, Owner and Broker and their partners, officers, employees and agents have not independently verified the information contained herein and disclaim any and all responsibility for any inaccuracies. Further, Broker and Owner expect prospective purchasers to exercise independent due diligence in verifying all such information. No representation or warranty, expressed or implied, is made as to the accuracy or completeness of this confidential memorandum or any of its contents, or any other written or oral communication transmitted to a prospective purchaser in the course of its evaluation of the proposed sale of the Property. No legal liability is assumed or to be implied by any of the aforementioned with respect hereto. No representation is made as to the physical or environmental condition of the Property.

By acknowledgment of your receipt of this confidential memorandum, you agree that the memorandum and its content are confidential, that you will hold and treat it in confidence, that you will not disclose

this memorandum or its contents to any other firm or entity without prior written authorization and that you will not use its contents in any manner detrimental to the interest of the Owner. Photocopying or other duplication is strictly prohibited. You will use this confidential memorandum only for the purpose of evaluating the possible acquisition of the Property. All prospective purchasers agree that they will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering.

Owner expressly reserves the right at its sole discretion to reject any or all proposals or expressions of interest in the Property and to terminate discussions with any party at any time with or without notice. If you do not wish to pursue negotiations leading to a purchase of the Property, kindly return this confidential memorandum to Broker at your earliest convenience.

This confidential memorandum shall not be deemed a representation of the state of affairs of the Property or constitute an indication that there has been no change in the business or affairs of the Property since the date of preparation of this memorandum. The interest in the Property is submitted for sale subject to changes in certain terms without notice.

CONFIDENTIALITY AND DISCLAIMER

Section 2Executive Summary

SECTION 2

Executive SummaryAERIAL OUTLINE OF PROPERTY

SECTION 2

Executive SummarySITE PLAN | EXPANSION PLAN

SITE PLAN | EXPANSION PLAN

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SECTION 2

Executive Summary

Section 3Portfolio Summary

SECTION 3

Portfolio SummaryVALUATION ANALYSIS - EXISTING & ADDITION

Average Existing New TotalSquare Footage 83,638 35,158 39,140 74,298 Units 552 279 231 510

% of Inc per SF per Unit % of Inc per SF

Rental Income $477,477 88.5% $5.71 $864.99 $342,002 94.5% $9.73Fee Icome $39,577 7.3% $0.47 $71.70 $6,648 1.8% $0.19

Net GS and Insurance $17,102 3.2% $0.20 $30.98 $10,535 2.9% $0.30Misc Income $5,063 0.9% $0.06 $9.17 $2,570 0.7% $0.07

Total Revenue $539,219 100.0% $6.45 $976.85 $361,755 100.0% $10.29 $764,482.42

Admin ExpOn-Site Mgmt $48,981 9.1% $0.59 $88.73 $63,250 17.5% $1.80 $69,443.24

Admin Exp $10,375 1.9% $0.12 $18.80 $6,255 1.7% $0.18 $14,709.25Insurance $5,783 1.1% $0.07 $10.48 $11,968 3.3% $0.34 $8,198.90

Mgmnt Fee $31,625 5.9% $0.38 $57.29 $21,677 6.0% $0.62 $44,836.62RE Tax $49,567 9.2% $0.59 $89.80 $36,562 10.1% $1.04 $77,265.02

Total Admin Exp $146,331 27.1% $1.75 $265.09 $139,712 38.6% $3.97 $214,453.02

Other ExpAdvertising/Tech $12,512 2.3% $0.15 $22.67 $19,320 5.3% $0.55 $17,739.00Postage Handling $4,340 0.8% $0.05 $7.86 $556 0.2% $0.02 $6,153.07

Credit Card/Bank Chrg $8,134 1.5% $0.10 $14.74 $5,118 1.4% $0.15 $11,532.05Phone $7,494 1.4% $0.09 $13.58 $1,380 0.4% $0.04 $10,624.68

Other Exp $1,200 0.2% $0.01 $2.17 $14 0.0% $0.00 $1,701.31Utilities $11,682 2.2% $0.14 $21.16 $11,373 3.1% $0.32 $16,562.26

Repairs/Maint $16,326 3.0% $0.20 $29.58 $25,914 7.2% $0.74 $23,146.33Total Other Exp $61,688 11.4% $0.74 $111.75 $63,675 17.6% $1.81 $87,458.70

Total $208,019 38.6% $2.49 $376.85 $203,387 56.2% $5.78 $301,911.72

Net Operating Income $331,200 61.4% $3.96 $600.00 $158,368 43.8% $4.50 $462,570.71

Expenses based on: 2015 Self-Storage Expense Guidebook (MiniCo)RE Tax based on Actual % of Inc

7.0%CAP $6,608,152.93-$2,100,000

$4,508,152.93

Midwest Actual-Existing Existing+Addition

Construction $

Moore Self Storage603 Rodi Road

Pittsburgh PA 15235

Valuation Analysis - Existing + Addition

SECTION 3

Portfolio SummaryEXPANSION CONSTRUCTION BUDGETTOTAL AREA 44,380 gross sf storage space

39401 rentable sf

236 total units

TAKEOFF PRICING % of Tot

Division # Uniformat #

Description Qty Unit Cost Const Cost

Cost / SQFT

2 SITEWORK 1 LS 521,343.48 24.76% $11.75

3 CONCRETE 1 LS 631,392.00 29.99% $14.23

4 MASONRY 1 LS - 0.00% $-

5 STEEL 1 LS 703,848.00 33.43% $15.86

6 CARPENTRY 1 LS - 0.00% $-

7 THERMAL AND MOISTURE PROTECTION 24,192.00 1.15% $0.55

8 DOORS & HARDWARE 1 LS - 0.00% $-

9 DRYWALL & ACOUSTICS 1 LS - 0.00% $-

9 FLOORING & CERAMIC TILE 1 LS - 0.00% $-

9 PAINTING 1 LS - 0.00% $-

10 SPECIALTIES (incl toilet partn & accessories) 1 LS - 0.00% $-

11 EQUIPMENT 10,000.00 0.47% $0.23

12 FURNISHINGS - 0.00% $-

13 SPECIAL CONST - 0.00% $-

14 ELEVATORS - 0.00% $-

15 PLUMBING 1 LS - 0.00% $-

15 FIRE PROTECTION 1 LS - 0.00% $-

15 HVAC 1 LS - 0.00% $-

16 ELECTRICAL 1 LS 102,600.00 4.87% $2.31

ESTIMATING CONTINGENCY ON HARD COSTS 5% % 99,668.77 4.73% $2.25

SUBTOTAL HARD COSTS 2,093,044.25 99.41% $47.16

1 GENERAL CONDITIONS (includes final cleaning & building permit) 1 LS 12,500.00 0.59% $0.28

1 OVERHEAD & PROFIT 0% % - 0.00% $-

SUBTOTAL GENERAL CONDITIONS AND FEE 12,500.00 0.59% $0.28

TOTAL CONSTRUCTION COST $2,105,544.25 100.00% $47.44

SOFT COSTS (includes Architect, construction management & supervision) $105,000.00 $2.37

TOTAL PROJECT COST $2,210,544.25 $49.81

SECTION 3

Portfolio SummaryHISTORICAL FINANCIALS

HISTORICAL FINANCIALS

SECTION 3

Portfolio Summary

MANAGEMENT SUMMARY

SECTION 3

Portfolio Summary