For sale1337 and 1345 Taylor Farm Road

Virginia Beach, Virginia

Two Class A warehouse/ distribution centers with a total of 185,400 s.f. offered for sale

separately or together

OFFERING OVERVIEW:

PURCHASER SOLICITATION

JLL, as exclusive advisor, is pleased to offer 1337 and 1345 Taylor Farm Road, Virginia Beach, Virginia (the “Properties”). The Properties are comprised of two Class A industrial buildings that are offered together or separately:

1337 Taylor Farm RoadA fully leased, 90,000 square foot, Class A warehouse / distribution center constructed in 2005

1345 Taylor Farm RoadA fully leased 95,400 square foot, Class A warehouse / distribution center constructed in 2007

The construction quality and existing tenancy make the Properties very attractive in a market segment with historically low vacancy rates.

The Offering

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EXECUTIVE SUMMARY

INVESTMENT HIGHLIGHTS

Stable tenancy:1337 Taylor Farm Road and 1345 Taylor Farm Road are currently 100% leased and are well positioned for annual rent growth.

Superior asset quality:

Built in 2005 (1337 Taylor Farm Road) and 2007 (1345 Taylor Farm Road), the Properties feature generous clear ceiling heights (22 feet, 10 inches at the roof peak at 1337 Taylor Farm Road and 24 feet, 6 inches at the roof peak at 1345 Taylor Farm Road), 14’ x 14’ grade-level doors, 8’ x 10’ dock-level doors, and two oversized, 17’ x 22’ drive-in doors at 1345 Taylor Farm Road. Both buildings are fully sprinklered and insulated, and the warehouse bays enjoy enhanced light through skylights. The Properties have been very well maintained by a proactive ownership.

Exceptional location: The Properties offer industrial users an excellent, highly accessible location in the heart of Virginia Beach. Interstate access is less than four miles away at the interchange of I-264 and London Bridge Road. This recently constructed interchange provides quick access to the submarket. The Properties are located in the Oceana South Industrial Park and are only a few minutes drive from the Lynnhaven office and retail submarket, which hosts numerous local and national retailers, restaurants, service providers and entertainment venues.

Video tour available: www.taylorfarmroad.com/video3

Property Overview

Property information 1337 Taylor Farm Road 1345 Taylor Farm Road

Building type: Class A Industrial Class A Industrial

Year constructed: 2005 2007

Building size: 90,000 s.f. 95,400 s.f.

Space available: 0 s.f. 0 s.f.

Typical bay size: 7,200 s.f. 7,950 s.f.

Land area: 5.4 acres 5.3 acres

Key tenants: Agio (84,000 s.f.) Art Graphics (6,000 s.f.)

Abena North America (79,500 s.f.) Special Projects Operations (7,950 s.f.)Wilkinson Business Services (7,950 s.f.)

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PROPERTY OVERVIEW

Site detailsLand area: 10.7 acres

Location: South side of Taylor Farm Road, approximately 0.4 miles east of London Bridge Road in Virginia Beach, Virginia

Parking: 215 spaces in surface lots

Zoning: I-2 (heavy industrial); subject to APZ-1 restrictions and incentives

Interior detailsFloor covering: Commercial-grade carpet in offices

Walls: Drywall

Ceilings: Acoustical tile

Lighting: Fluorescent and incandescent

Restrooms: Men’s and women’s (ADA accessible); 1337 Taylor Farm Road also has an executive suite with a ceramic tile shower

Construction detailsBasic construction: Pre-engineered steel with metal panels

Floor: 6” concrete slab floor in warehouse areas; 4” concrete slab in office portion of 1337 Taylor Farm Road

Framing: Pre-engineered steel

Ceiling height: 1337 Taylor Farm Road: 22’10” at the peak; 22’0” at the eaves 1345 Taylor Farm Road; 24’6” at the peak; 22’0” at the eaves

Exterior walls: 1337 Taylor Farm Road: Brick veneer with an EIFS decorative band on office area; metal siding elsewhere1345 Taylor Farm Road: Split-face CMU veneer with an EIFS decorative band; metal siding elsewhere

Roof type: 1.5” 22-gauge galvanized metal roof deck with drainage by metal gutters and downspouts

Warehouse: Smooth-troweled concrete floors; insulated walls and ceiling

Drive-in doors: 1337 Taylor Farm Road: Eight 14’ x 14’ drive-ins 1345 Taylor Farm Road; Eight 14’ x 14’ and two 17’ x 22’ drive-ins

Dock doors: 1337 Taylor Farm Road: One well with four 8’ x 10’ docks 1345 Taylor Farm Road: Two wells with four 8’ x 10’ docks each

Column Spacing: 1337 Taylor Farm Road: 24’ x 50’1345 Taylor Farm Road: 26’ x 50’

Mechanical detailsHeat source: Electric and natural gas

Heating system: Office area heated and cooled by heat pumps; warehouse heated by suspended gas heaters

Plumbing: The plumbing systems are connected to the Virginia Beach water system and the Hampton Roads Sanitary District Sanitary system

Electrical service: 1337 Taylor Farm Road: Service 1 – 400A 480V 3-phase 4-wire; Service 2 – 800A 480V 3-phase 4-wire 1345 Taylor Farm Road: 2,000A 120/208V 3-phase 4-wire

Fire protection: 100% wet sprinklered

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PROPERTY OVERVIEW

1337 AND 1345 TAYLOR FARM ROAD

Video tour available: www.taylorfarmroad.com/video Video tour available: www.taylorfarmroad.com/video6 JLL

PROPERTY OVERVIEW

1337 TAYLOR FARM ROAD

Video tour available: www.taylorfarmroad.com/video7

PROPERTY OVERVIEW

1337 TAYLOR FARM ROAD

Video tour available: www.taylorfarmroad.com/videoVideo tour available: www.taylorfarmroad.com/video8 JLL

PROPERTY OVERVIEW

Video tour available: www.taylorfarmroad.com/video

1345 TAYLOR FARM ROAD

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PROPERTY OVERVIEW

1345 TAYLOR FARM ROAD

Video tour available: www.taylorfarmroad.com/video10 JLL

Location OverviewHAMPTON ROADS LOCATION OVERVIEWTaking its name from the body of water at its heart, Hampton Roads is the term most often used for the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area. Home to over 1.7 million people in seven counties and nine independent cities sprawling across southeastern Virginia and northeastern North Carolina, Hampton Roads is the nation’s 37th most populous metropolitan area and the second-largest between Washington and Atlanta.

15 mi Jun 15 2015 © Stepmap, 123map • Data: OpenStreetMap, License ODbL 1.0

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Wesley Edwards, CCIMAssociate Director+1 757 961 3432wesley.edwards@am.jll.com

Deborah Stearns, CPM, SIOR Senior Vice President+1 757 961 3245 deborah.stearns@am.jll.com

Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2017. Jones Lang LaSalle. All rights reserved.

For more information, please contact one of the following:

Video tour available: www.taylorfarmroad.com/video