Offering Summary Blatz Office Condos, 270 E. Highland Ave., Milwaukee, WI

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1 Offering Summary Blatz Office Condos, 270. Highland Ave., Milwaukee, I xclusive Office Listing Investment Highlights: Multi-tenant investment opportunity five office condos generating over $62,000 in annual NOI Potential to add value through lease-up or for owner/user to occupy property while generating double-digit leveraged cash-on-cash returns Numerous amenities including access to a two-story gym, indoor pool/hot tub, sauna, game room, conference/banquet space, theater, 24-hour front desk/security Desirable Downtown ast location with 15 controlled parking spaces and easy access to freeway system via McKinley Avenue xit strategy could include selling the condos as a whole or selling individual components over time

2 270 ast Highland Avenue, Milwaukee, I Disclaimer The information contained in this Offering Memorandum ( Brochure ) is confidential and is provided for the sole purpose of allowing persons to evaluate whether there is interest in proceeding with further discussions with the Owner regarding a possible transaction with respect to the subject property (the Property ). The information contained herein shall not be photocopied or disclosed to any other party and shall not be used for any other purpose. If the person receiving this Brochure does not elect to pursue such a transaction, same person agrees that this material is to be returned to MBH Investment Real state, LLC ( Broker ). Neither the Owner, nor Broker, nor any of their respective officers, directors, partners, employees, agents or affiliates, assume any responsibility or make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to the Property or this Brochure or any information or statements (including financial statements and projections) contained herein or relating hereto, including but not limited to the accuracy or completeness of such information or statements and the condition, quality or fitness of the Property. Such information and statements have in many circumstances been obtained from outside sources, have not been tested or verified and may be subject to errors or omissions. Projections, in particular, are based upon various assumptions and subjective determinations as to which no guaranty or assurances can be given. ithout limiting the foregoing, in the event this Brochure contains information relating to asbestos or any other hazardous, toxic or dangerous materials in relation to the Property, such information shall in no manner be construed as creating warranties or representations, express or implied, by operation of law or otherwise, by any party, as to the existence or non-existence or nature of such materials in, under, on or around the Property. Potential investors must perform their own examination and investigation of the Property and information BUILDING relating topictur the Property and inhr its operations, and shall rely solely on such examination and investigation and not on this Brochure or any information or materials contained herein or otherwise provided in making their decisions on whether to proceed with a transaction. The Property is being sold as is by the respective Owner, without representation or warranty as to condition or profitability. The only party authorized to represent the Owner of the Property is Broker, and Owner shall not be obligated to pay any fees or commissions to any other advisor, broker or representative. Any party entering into a transaction with Owner shall be obligated to pay any fees or commissions due any advisor, brokers or representatives, other than Broker, dealing with such a party. This Brochure is provided subject to prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property, and is subject to withdrawal, all without notice or liability. In no event shall the delivery or receipt of this Brochure be deemed to create any legal obligation to enter into any transactions with respect to the Property, and only a definitive agreement signed by all parties shall create a binding commitment to enter into a transaction. 2

3 270 ast Highland Avenue, Milwaukee, I xecutive Summary MBH Investment Real state, LLC, on behalf of the owner of record, is offering for sale five office condos at the historic former Blatz Brewery on Highland and Broadway in downtown Milwaukee, I. Comprising 6,600 SF of ground-floor suites with multiple existing tenants, these office condos provide a solid investment opportunity with value-add capability through lease-up or owner/user occupancy potential. Investment Highlights: Multi-tenant office investment opportunity generating over $62,000 in annual NOI Potential to add value through lease-up or for owner/user to occupy property while generating double-digit leveraged cash-on-cash returns Suites feature high ceilings and some exposed cream city brick Numerous amenities including access to a two-story gym, indoor pool/hot tub, sauna, game room, conference/banquet space, theater, 24-hour front desk/security Desirable Downtown ast location with 15 controlled parking spaces and easy access to freeway system via McKinley Avenue xit strategy could include selling the condos as a whole or selling individual components over time As-Is Sale: The property is being sold on an As-Is, here-is basis and the owner will make no representations or warranties as to the condition of the property, the property s systems, the serviceability or fitness for a particular use or any component of the property, or the accuracy of the offering information provided. Offering Price: $799,000 ($121/SF) NOI/Cap Rate: $62,402 / 7.81% Occupancy: 85.5% 3

4 270 ast Highland Avenue, Milwaukee, I Property Description Building Details Building Details Size: Condo Suite 3002 Size: Condo Suite 3003 Size: Condo Suite 3004 Size: Condo Suite 3005 Size: Condo Suite 3009 Total Property Size 1,471 SF 660 SF 956 SF 2,083 SF 1,434 SF 6,604 SF Floors: 1 Year Built: 1901 Amenities: Two-story gym, indoor pool, sauna, 24-hour front desk/security, conference/banquette space, theater 4

5 270 ast Highland Avenue, Milwaukee, I Property Description Site Details Site Details Site Size*: Parking: Zoning: 3,062 SF 15 garage parking spaces C9B(A) BUILDING PICTUR HR Tax Key: ; ; ; ; & Assessed Value 2015 Net Property Tax $334,600 $10, BID 21 & Specials $ *Site Size is reflective of the City of Milwaukee assessor records for the five office condo suites 5

6 270 ast Highland Avenue, Milwaukee, I Property Description Floorplan (1 st floor) = Subject Property BUILDING PICTUR HR 6

7 270 ast Highland Avenue, Milwaukee, I Property Description Photos, Interior Offices BUILDING PICTUR HR 7

8 270 ast Highland Avenue, Milwaukee, I Property Description Photos, xterior Building BUILDING PICTUR HR 8

9 270 ast Highland Avenue, Milwaukee, I Property Description Photos, ntrance Area BUILDING PICTUR HR 9

10 270 ast Highland Avenue, Milwaukee, I Property Description Photos, Common Areas BUILDING PICTUR HR 10

11 270 ast Highland Avenue, Milwaukee, I Property Description Parcel Map Blatz Office Condos (located on a portion of the first floor of the building) Common Courtyard Controlled Parking (15 spaces) 11

12 270 ast Highland Avenue, Milwaukee, I Market Overview Office Market Snapshot 2016 Q3 Greater Milwaukee Area 12

13 270 ast Highland Avenue, Milwaukee, I Market Overview Business Summary (0.5-mile Radius) 13

14 270 ast Highland Avenue, Milwaukee, I Market Overview Demographics (0.5-mile Radius)/Drive-Time Map BUILDING PICTUR HR Business Summary/ 14

15 270 ast Highland Avenue, Milwaukee, I Broker Disclosure BUILDING PICTUR HR 15