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COLLIERS INTERNATIONAL P. 1SHEETZ (DARK) HALIFAX, PA | OFFERING MEMORANDUM
140.03 ± Acres
2.78 ± Acres
5.5 ± Acres
GERRARDSTOWN RD
GERRARDSTOWN RD
201.23 ± Acres
420+ AcresOffering MemorandumFor Sale | Investment Opportunity
51
11/22
30
40.71 ± Acres
UNDER CONTRACT6.9 ± Acres
1.45 ± Acres
BERKELEY COUNTY, WEST VIRGINIA
PRESENTED BY:
John D. LesinskiExecutive Vice PresidentDIRECT +1 540 671 5721 EMAIL [email protected]
Alexis BriggsBrokerageDIRECT +1 717 736 8724 EMAIL [email protected]
Benjamin LukeVice PresidentDIRECT +1 703 394 4810 EMAIL [email protected]
Frederick NullVice PresidentDIRECT +1 610 897 2375 EMAIL [email protected]
COLLIERS INTERNATIONAL Ten Penn Center 1801 Market Street, Suite 500 Philadelphia, PA 19103 +1 215 925 4600
www.colliers.com
Silver Property Portfolio
COLLIERS INTERNATIONAL P. 2
EXECUTIVE SUMMARY
Investment OverviewInvestment Highlights:
The Offering
1. APN - 02-07-5-0005.0000 4. APN - 02-07-5-0007.0000
2. APN - 02-07-5-0014.0000 5. APN - 02-07-5-0003.0002
3. APN - 02-07-5-0014.0001 5a. APN - 02-07-5-0003.0002
Site Description
Lot Size (Acres) 420.62 +/- Acres
Frontage Arden-Nollville Road, Gerrardstown Road
Traffic Counts - Route 81 50,000+ Vehicles Per Day
Adjacent Development P&G, Macy’s, GM, FedEx
Utilities Near Site
SILVER PROPERTY PORTFOLIO | OFFERING MEMORANDUM
• Interstate 81 frontage and access
• Zoning allows Retail, Industrial, Distribution, Residential
• Located in I-81 distribution hub near Martinsburg, WV
• Industrial neighbors - P&G, FedEx, GM Parts, Macy’s
• Mixed-use development welcome
• Berkeley County and State of West Virginia development incentives are available
140.03± Acres
40.71± Acres
UNDER CONTRACT6.9± Acres
2.78± Acres
1.45± Acres
5.5± Acres
GERRARDSTOWN RD
201.23± Acres
51
30
11/22
I-81 EXIT 5
1
1
3
4
5
2
5a
Located in the I-81 Corridor, the Silver Property Portfolio offers prime acreage for com-mercial and residential development. The I-81 corridor is home to many major industrial and logistics users including Procter & Gamble’ one million plus square foot manufacturing and distribution center, Macy’s distribution center, FedEx hub, and GM’s parts distribution center. New employment opportunities are also driving new residential and commercial retail developments. The Silver Property Portfolio is strategically located to access major population centers on the East coast.
Development OpportunityThe interchange portion of the portfolio lends itself to an admixture of convenience retail, office, industrial, distribution and multi-family residential. Whereas the Gerrardstown portion is well suited to residential, civic (e.g. regional school campus), and some highway commercial uses. The 6.9 acre parcel is already under contract.
COLLIERS INTERNATIONAL P. 3
EXECUTIVE SUMMARY
SILVER PROPERTY PORTFOLIO | OFFERING MEMORANDUM
Offer TermsThe Silver Property Portfolio is being offered for sale with the following prices:
� Interchange Acreage $75,000 / acre
� Gerrardstown Acreage $50,000 / acre
All buyers should base their offer on an “as is, where is” condition of the property which is currently unapproved and unimproved.
CONTACT
JOHN D. LESINSKI Executive Vice President
+1 540 671 5721 [email protected]
ALEXIS BRIGGS Brokerage
+1 717 736 8724 [email protected]
BENJAMIN LUKE Vice President
+1 703 394 4810 [email protected]
FREDERICK NULL Vice President
+1 610 897 2375 [email protected]
COLLIERS INTERNATIONAL 940 East Park Drive
Suite 204Harrisburg, PA 17111
+1 717 730 3752ww.colliers.com/philadelphia
Offering ProcedureWe request that interested parties contact the Exclusive Agent for further information about the properties and to request tours. All offers should be in the form of a Letter of Intent (“LOI”) ad-dressed to the Exclusive Agent, John Lesinski, outlining the relevant business points by which the buyer intends to purchase the property, including:
� Purchase Price
� Due Diligence Period
� Contingencies
� Deposit
� Internal Approvals
� Company Background
� Financial Capacity
COLLIERS INTERNATIONAL P. 4SILVER PROPERTY PORTFOLIO | OFFERING MEMORANDUM
PROPERTY DESCRIPTION
INTERCHANGE SITES ZOOM VIEW
GERRARDSTOWN RD
ARD
EN-N
OLLV
ILLE R
D
R
ail Li
ne
PILG
RIM
STRE
ET
WINC
HEST
ER PI
KE
HENSHAW ROAD51
30I-81 EXIT 5
11/22
Jay Dee’s Family Fun Center
Food Lion
Hampton Inn
Family Dollar
Taylor’s Farm Mkt
McDonald’s
Waffle House
Burger King
Dairy Queen
Big Apple Lounge
Chinese Buffet
Freshie’s Donuts NORTH
201.23 ± Acres1
5.5± Acres1
COLLIERS INTERNATIONAL P. 5
PROPERTY DESCRIPTION
SILVER PROPERTY PORTFOLIO | OFFERING MEMORANDUM
GERRARDSTOWN RD
ARDEN
-NOL
LVILL
E RD
GERRARDSTOWN ROAD SITES ZOOM VIEW
HENSHAW ROAD
Jay Dee’s Family Fun Center
51
30
11/22
I-81 EXIT 5
NORTH
2.78± Acres
1.45± Acres
140.03± Acres
2.78± Acres
40.71± Acres
UNDER CONTRACT6.9± Acres
1.45± Acres
2
35
5a 4
COLLIERS INTERNATIONAL P. 6SILVER PROPERTY PORTFOLIO | OFFERING MEMORANDUM
PROPERTY INFORMATIONLOCATION OVERVIEW
NORTH
REGIONAL MAP
PA
MD
DC
VA
WVA
68
COLLIERS INTERNATIONAL P. 7SILVER PROPERTY PORTFOLIO | OFFERING MEMORANDUM
PROPERTY INFORMATIONLOCATION OVERVIEW
LOCAL AREA MAP (Subject Location Is At Exit 5)
NORTH
COLLIERS INTERNATIONAL P. 8SILVER PROPERTY PORTFOLIO | OFFERING MEMORANDUM
Berkeley County, West VirginiaLocated in the Eastern Panhandle region of the US, Berkeley is easily accessible from many major cities on the east coast via Interstate 81. The area is buzzing with growing businesses yet holds a small town character. The county holds historical significance with opera houses, train stations and antique shops that date back to civil war era. Mixing culture with the current boom of business the area is very enticing to business investors and the largely growing population. Currently home to more than 119,000 people, the population continues to grow, up 75% from 1990. The area is known for its younger and better educated workforce compared to other counties in the state. In recent years the Martinsburg area has become home to large manufacturing and distribution facilities such as Procter & Gamble (458 acres), Macy’s (1.3 million square foot facility) and GM and have brought thousands of jobs to the region. To match the growing population, large retailers such as Walmart, Target, Food Lion and others have set up locations on Interstate 81.
PROPERTY INFORMATIONLOCATION OVERVIEW
CLOCKWISE FROM TOP:
› Welcome to West Virginia › Berkeley County Court House
› Breaking Ground on P&G Site › Macy’s Fulfillment Center
› Berkeley County Airport › Adam Stephen House
2,483people
932households
$68,470average HHI
1,130employees
138businesses
WITHIN 1 MILE
15,619people
5,741households
$59,086average HHI
3,554employees
361businesses
WITHIN 3 MILES
29,746people
10,970households
$57,242average HHI
4,785employees
550businesses
WITHIN 5 MILES
COLLIERS INTERNATIONAL P. 9SHEETZ (DARK) HALIFAX, PA | OFFERING MEMORANDUM
Confidentiality & Disclaimer Statement
CONTACT Inspections will be arranged by appointment only with the Owner’s Exclusive Agent:
COLLIERS INTERNATIONAL940 East Park Drive
Suite 204Harrisburg, PA 17111
+1 717 730 3752www.colliers.com/philadelphia
This Offering Memorandum contains select information pertaining to the business and affairs of the Silver Property Portfolio Sites in Berkeley County, West Virginia. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by Colliers from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.
By acknowledging your receipt of this Offering Memorandum from Colliers International, you agree:
1) The Offering Memorandum and its contents are confidential;
2) You will hold it and treat it in the strictest of confidence; and
3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.
Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.
If you wish not to pursue negotiations leading to the acquisition of the Silver Property Portfolio in Berkeley County, West Virginia or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.
A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.
This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.
John D. LesinskiExecutive Vice PresidentDIRECT +1 540 671 5721 EMAIL [email protected]
Alexis BriggsBrokerageDIRECT +1 717 736 8724 EMAIL [email protected]
Benjamin LukeVice PresidentDIRECT +1 703 394 4810 EMAIL [email protected]
Frederick NullVice PresidentDIRECT +1 610 897 2375 EMAIL [email protected]
