Offering MemorandumOffering MemorandumW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

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D I S C L A I M E R & L I M I T I N G C O N D I T I O N S 3

E X E C U T I V E S U M M A R Y 4

P R O P E R T Y D E T A I L S 5

A D D I T I O N A L P H O T O S 6

F L O O R P L A N S 7

L O C A T I O N M A P S 8

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T A B L E O F C O N T E N T ST A B L E O F C O N T E N T S

Sean WilliamsSean Williams

S.V.P. National Office GroupS.V.P. National Office Group

SWilliams@BullRealty.comSWilliams@BullRealty.com

404-876-1640 x126404-876-1640 x126

50 Glenlake Parkway, Suite 60050 Glenlake Parkway, Suite 600

Atlanta, GA 30328Atlanta, GA 30328

BullRealty.comBullRealty.com

Exclusively listed by Bull Realty, Inc.

D I S C L A I M E R & L I M I T I N G C O N D I T I O N SD I S C L A I M E R & L I M I T I N G C O N D I T I O N SW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

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Bull Realty has been retained as the exclusive listing broker to arrange the sale of the Subject Property.

This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information

that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions

relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not

rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective

purchasers.

In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or

accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review

independently all documents.

This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation,

endorsement or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own

investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate

discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this

Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed,

delivered and approved by the Owner/Seller and any conditions to the purchaser's obligations therein have been satisfied or waived. The Seller reserves the

right to move forward with an acceptable offer prior to the call for offers deadline.

This Offering Memorandum may be used only by parties approved by the Owner. The Property is privately offered, and by accepting this Offering

Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of a confidential

nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed

to anyone without the prior written authorization of Bull Realty, Inc. or Owner/Seller. The terms and conditions set forth above apply to this Offering

Memorandum in its entirety and all documents, disks and other information provided in connection therewith.

Located in the affluent Windward community of Alpharetta, Georgia, the subject propertyis an approximately 18,283 SF two-story office building. Featuring an impressivecantilevered metal entrance, tubular architectural elements, and dramatic two-storylobby, the building is configured with a good mix of private offices and open areas. Flexiblefloorplans allow for endless configuration options to best accommodate business officeneeds. The building is served by an elevator as well as two stairways including metal openlofty stairs in the main lobby.

Uniquely designed to allow for interior expansion, the building has the potential capacityfor an additional ±5,622 square feet of space. By adding a second floor to the warehouse,an owner could finish both levels and increase the total size of the building toapproximately 23,905 RSF of office space.

Value add opportunity to reposition the asset through capital improvements, allowinglease-up with long term tenants at market rate in desirable Alpharetta, Georgia.

Currently occupied by several tenants on short term leases, the building affords a newowner the option of occupying a portion of the building immediately. Some leases can beterminated with 60 days’ notice and the entire building is available Q4 2018 for an owner /user.

• Approximately 18,283 SF two-story office building

• 6,377 RSF total contiguous space available (suites 200/210)

• Suite 120 - 2,753 SF (occupied)

• Suite 130 - 3,050 SF

• Suite 150 - 481 SF

• Suite 200 - 3,629 SF

• Suite 210 - 2,748 SF

• Warehouse - 5,622 SF

• Open lobby boasting a dramatic two-story entrance

• Configured with a good mix of private and open areas

• Approximately 5,622 SF of two-story storage space which can be built out as offices onboth floors

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E X E C U T I V E S U M M A R YE X E C U T I V E S U M M A R YW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

PRICE | $2,400,000PRICE | $2,400,000

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PropertyProperty Name:Name: Windward Business Center

Property Address:Property Address: 145 Nobel Court, Alpharetta, GA 30005

County:County: Fulton

Building Size:Building Size: 18,283 SF

Site Size:Site Size: 1.54 Acres

Zoning:Zoning: CUP

Year Built:Year Built: 2001

Parking:Parking: 64 Spaces (3.5/1,000 SF)

Number Of Stories:Number Of Stories: 2

Number Of Units:Number Of Units: 5

Sale Price:Sale Price: $2,400,000

P R O P E R T Y D E T A I L SP R O P E R T Y D E T A I L SW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

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A D D I T I O N A L P H O T O SA D D I T I O N A L P H O T O SW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

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UPPER LEVEL

Suite 210 - 2,748 SF | Suite 200 - 3,629 SF1

LOWER LEVEL

Suite 130 - 3,050 SF | Suite 120 - 2,753 SF (Occupied) | Suite 150 - 481 SF2

F L O O R P L A N SF L O O R P L A N SW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

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Windward Business Center is located less than 2 miles from GA-400 atWindward Parkway. Alpharetta is located just 22 miles north of Atlanta, is the6th fastest growing city in the U.S., and Forbes named Alpharetta the #1 Cityto relocate to in the country: http://growalpharetta.com/

Area amenities include abundant restaurants, shopping, and entertainmentchoices. Alpharetta offers excellent housing options, from executive tobudget-friendly and everything in between, as well as high tech infrastructureand labor workforce. Download speeds are 60 percent faster in Alpharettathan the national average, according to the city's economic developmentdirector, Peter Tokar. There are more than 600 technology-based companieswith centers of operations in Alpharetta, as the area's extensive network offiber optic data lines create a competitive edge for tech companies.

LOCATION DESCRIPTIONLOCATION DESCRIPTIONPOPULATIONPOPULATION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

TOTAL POPULATION 7,409 62,030 164,824

MEDIAN AGE 33.5 33.7 35.5

MEDIAN AGE (MALE) 32.2 32.9 34.9

MEDIAN AGE (FEMALE) 34.7 34.5 35.8

HOUSEHOLDS & INCOMEHOUSEHOLDS & INCOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

TOTAL HOUSEHOLDS 3,473 23,505 58,841

# OF PERSONS PER HH 2.6 2.6 2.8

AVERAGE HH INCOME $100,121 $121,165 $130,702

AVERAGE HOUSE VALUE $451,534 $394,068 $383,359

L O C A T I O N M A P SL O C A T I O N M A P SW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

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R E T A I L M A PR E T A I L M A PW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

SUBJECT PROPERTYSUBJECT PROPERTY

AddressAddress CityCity SizeSize Sold DateSold Date Sale PriceSale Price Price/SFPrice/SF

145 Nobel Court145 Nobel Court Alpharetta 18,283 SF - $2,400,000 $131.27

SALES COMPSSALES COMPS

AddressAddress CityCity SizeSize Sold DateSold Date Sale PriceSale Price Price/SFPrice/SF

11 178 S Main St Alpharetta 24,500 SF 12/07/2016 $3,500,000 $142.86

22 2850 Old Atlanta Rd Cumming 15,800 SF 07/07/2017 $2,250,000 $142.41

33 7905 Westside Pky Alpharetta 20,000 SF 09/08/2015 $3,700,000 $185.00

44 1450 S Johnson Ferry Rd N Atlanta 15,000 SF 03/06/2017 $2,550,000 $170.00

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S A L E C O M P S M A PS A L E C O M P S M A PW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

D E M O G R A P H I C S M A PD E M O G R A P H I C S M A PW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

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* Demographic data derived from 2010 US Census

1 Mile1 Mile 3 Miles3 Miles 5 Miles5 Miles

Total PopulationTotal Population 7,409 62,030 164,824

Population DensityPopulation Density 2,358 2,194 2,099

Median AgeMedian Age 33.5 33.7 35.5

Median Age (Male)Median Age (Male) 32.2 32.9 34.9

Median Age (Female)Median Age (Female) 34.7 34.5 35.8

Total HouseholdsTotal Households 3,473 23,505 58,841

# of Persons Per HH# of Persons Per HH 2.6 2.6 2.8

Average HH IncomeAverage HH Income $100,121 $121,165 $130,702

Average House ValueAverage House Value $451,534 $394,068 $383,359

A B O U T T H E A R E AA B O U T T H E A R E AW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

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ALPHARETTA, GEORGIAALPHARETTA, GEORGIA

Whether you’re new to Alpharetta or a lifelong resident, there’s much to discover in this

beautiful and vibrant southern city. A unique blend of excellent schools, incredible job

opportunities, great shopping, cultural events and abundant green space. It’s no wonder

Alpharetta is one of the hottest markets in both commercial and residential real estate. Through

all of its progress, the city has kept its down-to-earth character, which may be why people who

live here usually stay here and why there’s always something new and exciting happening.

In the heart of Alpharetta, Avalon is a sustainably designed, 86-acre development with more

than 500,000 square feet of retail, a 12-screen all premium theater, a full-service hotel (coming

in Phase II), Class A office, single-family residences and luxury rental homes. Avalon infuses

resort-level hospitality throughout a walkable, seamlessly connected community of shopping,

dining, entertainment, living and working. This upscale destination feels more like a town

hang-out, with streetlights, sidewalks, fountains and a central park space that can house

musicians or convert to a picturesque skating rink during the holiday season. Avalon is a hub of

local culture and activity that delivers the luxury of the modern South.

North Point Mall is the area’s premier shopping center with over 1.3 million square feet of retail

space. Just outside the mall, you’ll also find two movie theater complexes, an ice and roller

skating facility and a wide range of restaurants

Set on 45 acres of wooded land in Alpharetta, Verizon Wireless Amphitheater provides a unique

setting for music lovers. It’s a beautiful, park-like atmosphere for concertgoers to enjoy music

surrounded by large heritage trees, plants and flowers. The 12,000-seat amphitheater seats

7,000 under a roof, and another 5,000 on the Superior Lawn area.

B R O K E R P R O F I L EB R O K E R P R O F I L EW I N D W A R D B U S I N E S S C E N T E RW I N D W A R D B U S I N E S S C E N T E R

Bull Realty is a commercial real estate sales, leasing and advisory firm headquartered in Atlanta and licensed innine Southeast states. The firm was founded in 1998 with two primary missions: to provide a company ofadvisors known for their integrity and to provide the best disposition marketing in the nation. Client servicesinclude disposition, acquisition, project leasing, tenant representation, asset management and consultingservices. Advisors focus on specific property types including office, retail, industrial, multifamily, land, healthcare,senior housing, self-storage, automotive, hospitality and single tenant net lease properties.

The firm produces America's Commercial Real Estate Show, a national video show and podcast enjoyed bymillions of people around the country. Industry analysts, leading market participants and the firm's founderMichael Bull share market intelligence, forecasts and success strategies. The show has aired every week since2010 on iTunes, YouTube and www.CREshow.com. The firm also produces Atlanta's Commercial Real EstateShow available on AtlCREshow.com

404-876-1640 x126

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50 Glenlake Parkway, Suite 600Atlanta, GA 30328

SWilliams@BullRealty.com

S.V.P. National Office GroupS.V.P. National Office Group

SEAN WILLIAMSSEAN WILLIAMS Professional BackgroundProfessional BackgroundSean Williams specializes in delivering expert brokerage advisory services for institutional investors andcorporate users of office properties in the Atlanta MSA and Georgia.

Utilizing the latest technology and digital resources, Sean provides the highest levels of professionalismcombining a diligent work ethic and attention to detail. As a native and life-time resident of Atlanta, Sean has halfa century of history and first-hand knowledge of commercial real estate in Atlanta and the southeastern region.

Experience:

Some of Sean’s recent projects and clients include: Northwinds Summit, Weatherstone Park, Avalon CenterOffice Park, Atlanta Executive Center, The Eclipse, Alpharetta Medical Center, Barrett Court Offices, PeachtreeDunwoody Park, Oakdale Business Park, Atlanta West Business Center, Peachtree Corners Corporate Centre,Technology Park/Atlanta, Woodpark Medical Office, The Windsor Over Peachtree, Towne Lake Business Center,Edward Jones, 1-800-FLOWERS, Cobb Pediatric Therapy Services, Byram Healthcare, Allergy & Asthma of GA,DSI Renal, IP Communications, Lekotek of Georgia, Milan Eye Center, DynamiX Web Design, Alpharetta MedicalGroup, Davis & Church Engineering, PT Solutions

Bull Realty Inc.Bull Realty Inc.