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FOR MORE INFORMAT ION PLEASE CONTACT:

CBRE, Inc. | 101 N Main Street | Suite 1400 | Greenville, SC 29601| www.cbre.com/greenville

BRIAN DILLARD Associate | Investment Properties

CBRE | Capital Markets Group +1 864 527 6051 brian.dillard@cbre.com

C O N F I D E N T I A L O F F E R I N G M E M O R A N D U M±10,006 SF Multi-Tenant GSA Investment OpportunityGateway Plaza

MULTI-TENANT INVESTMENT OPPORTUNITYGreenville-Spartanburg-Anderson MSA | Pickens County379 Old Greenville Highway | Clemson, SC 29631

379 OLD GREENVILLE H IGHWAY, CLEMSON SC | A f f i l i a ted Bus iness D i s c lo sure and Con f iden t ia l i t y Agreement

CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real

estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times

different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including

CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (UNITED STATES POST

OFFICE - FOUNTAIN INN, SC) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and

agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In

all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or

otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner

consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the

Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of

the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All

financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions,

competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are

subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect

the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are

described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are

expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the

accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use

of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved 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 entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity

reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed,

delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and

that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you

will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.

© 2015 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently

confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by

your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

EXCLUS IVE ADVISORS :

INVESTMENT SERV ICES

: : BRIAN DILLARD Associate | Investment Properties

CBRE | Capital Markets Group +1 864 527 6051 brian.dillard@cbre.com

101 N. Main StreetSuite 1400Greenville, SC 29601

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EXECUTIVE SUMMARY

The Offering

Investment Summary

THE PROPERTY

Property Details

Property Floorplan

Birdseye Images

Location Aerial

Area Demographics

Surrounding Area

FINANCIAL SUMMARY

Property Rent Roll

Property Financials - Actual

Property Financials - Stabilized

Property Overview

CONTACT INFORMATION

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05

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18

TABLE OF CONTENTS

CBRE, Inc. | 101 N Main Street | Suite 1400 | Greenville, SC 29601| www.cbre.com/greenville

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Gateway PlazaMULTI-TENANT INVESTMENT OPPORTUNITYGreenville-Spartanburg-Anderson MSA | Pickens County379 Old Greenville Highway | Clemson, SC 29631

REGIONAL MAP

AER IAL

4

THE OFFER ING

CBRE, Inc. is pleased to present for sale Gateway Plaza, a ±10,006 square foot multi-tenant retail and office center located on ±1.09 acres at 379 Old Greenville Highway (Highway 93) in Clemson, South Carolina. The property was developed in 1999 with high quality brick construction, a brick and block marquee monument sign, and floor-to ceiling glass windows and doors. The freestanding Moe Joe Coffee and Music House has a counter clockwise drive-thru and outdoor patio seating.

Clemson is home to Clemson University, a top 25 public university with an enrollment of over 20,000 students. Freshman applications topped 22,000 for the 2015 school year. The main retail corridors for Clemson are Old Greenville Highway (Highway 93), Highway 123, and College Avenue. A significant portion of the off-campus housing is located along Old Greenville Highway and in Central, SC. Gateway Plaza is strategically located on the route to and from campus from these apartments. Nearby tenants include Publix, Napa Auto, IHOP, McAlister’s Deli, TCBY, Gold’s Gym, Bi-Lo, and Red Bowl.

Gateway Plaza offers significant value at $159.90 per square foot for a high quality, well-built center.

Gateway Plaza offers significant upside through both lease-up of the vacant suite and rent growth in the prime retail spaces. All current tenants also have rent growth built in throughout their lease term.

93

75 feet

N

Super TacoSuper Taco

5 miles

N

GreenvilleGreenville

85

AndersonAnderson

85

185

385

123

123EasleyEasleyLake KeoweeLake Keowee

EXECUTIVE SUMMARY

INVESTMENT SUMMARY

TENANTSAnytime Fitness, Swann Medicine,

Moe Joe Coffee Company

OCCUPANCY 87.4%

YEAR BUILT 1999

BUILDING SIZE (GLA) ±10,006 SF

LAND AREA (acres) ±1.09 Acres

NET OPERATING INCOME (Current) $124,675

PRICING $1,600,000

PRICE PER SQUARE FOOT $159.90

CAP RATE (Based on Current InCome) 7.79%

CaP rate (Year 2) 8.8%

annuaL rent GroWtH 2% - 3.9%

GATEWAY PLAZA | CLEMSON SOUTH CAROLINA :: MULTI - TENANT INVESTMENT OPPORTUNITY

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EXTER IOR PHOTOS PROPERTY DETA I LS

APN: 4054-18-42-0316 | Pickens County

ACRES : ±1.09 Acres

ZONING : CP-2 Community Business

City of Clemson

BUI LD ING AREA : ±10,006 SF

OCCUPANCY: 87.4%

DR IVE THRU LANES : 1

YEAR CONSTRUCTED : 1999

S IGNAGE TYPE : Brick and block marquee

SUBMARKET: Clemson, South Carolina

TRAFF IC COUNTS : ±21,600 VPD (4-Lanes)

SUBMARKET RETA I L RATES : $15.50 to $29.50

EXPENSES : $38,923

NOI (CURRENT ) : $124,675

T ENANTS : Anytime Fitness, Swann Medicine,

Moe Joe Coffee Company

L I ST ING PR ICE : $1,600,000

PR ICE PER SQUARE FOOT: $159.90 PSF

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GATEWAY PLAZA | CLEMSON SOUTH CAROLINA :: MULTI - TENANT INVESTMENT OPPORTUNITY

THE PROPERTY

6

Suite 108 ± 1,265 SF AvailableSuite 108 ± 1,265 SF Available

Suite 105Suite 105

Suite 101

Suite 101

DUMPSTERDUMPSTERLOADINGLOADING

Suite 385

Suite 385

Drive ThruDrive Thru

Drive ThruDrive Thru

93

Drive ThruDrive Thru

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GATEWAY PLAZA | CLEMSON SOUTH CAROLINA :: MULTI - TENANT INVESTMENT OPPORTUNITY

FLOOR PLAN

THE PROPERTY

7

Suite

108

± 1,2

65 SF

Av

ailab

le

Suite

108

± 1,2

65 SF

Av

ailab

le

Suite

105

Suite

105

Suit

e 101

Suit

e 101

Drive Thru

Drive Thru

Drive

Thru

Drive

Thru

Drive

Thru

Drive

Thru

93

21,600

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GATEWAY PLAZA | CLEMSON SOUTH CAROLINA :: MULTI - TENANT INVESTMENT OPPORTUNITY

FLOOR PLAN

THE PROPERTY

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GATEWAY PLAZA | CLEMSON SOUTH CAROLINA :: MULTI - TENANT INVESTMENT OPPORTUNITY

*NOTE: These images were taken prior to the construction of the adjacent ±77,540 SF Publix Shopping Center.

B IRDSEYE IMAGES

THE PROPERTY

9

Old Greenville Hwy

Old Greenville Hwy

93

750 feet

N

Old Gree

nville

Hwy

Old Gree

nville

Hwy

Crawford Falls ApartmentsCrawford Falls Apartments

Planned 494 StudentHousing DevelopmentPlanned 494 StudentHousing Development

China ExpressChina Express

Sardi’s DenSardi’s Den

Beef O’Brady’sBeef O’Brady’s

93

Clemson PresbyterianChurchClemson PresbyterianChurch

Tillman PlaceApartmentsTillman PlaceApartments

Tiger MartTiger Mart

76 123

76

East ClemsonBaptist ChurchEast ClemsonBaptist Church

Gateway VillageGateway Village

GATEWAY PLAZAGATEWAY PLAZA

21,600

22,084

21,371

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GATEWAY PLAZA | CLEMSON SOUTH CAROLINA :: MULTI - TENANT INVESTMENT OPPORTUNITY

LOCAT ION AER IAL

THE PROPERTY

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3 MILE RADIUS 5 MILE RADIUS 10 MILE RADIUS

2015 Estimated Population 4,786 27,058 40,688

2020 Projected Population 4,909 28,234 42,543

2010 Census Population 4,724 26,083 39,161

2000 Census Population 4,233 23,168 34,358

Growth 2010-2015 1.32% 3.74% 3.90%

Growth 2015-2020 2.57% 4.35% 4.56%

2015 Estimated Median Age 24.42 23.24 24.83

2015 Estimated Average Age 31.30 31.14 33.70

2015 Estimated Households 2,017 9,035 14,651

2020 Projected Households 2,079 9,530 15,456

2010 Census Households 1,981 8,610 13,962

2000 Census Households 1,777 7,303 11,985

Growth 2010-2015 1.79% 4.94% 4.94%

Growth 2015-2020 3.09% 5.48% 5.49%

2015 Est. Average Household Size 2.39 2.35 2.35

2015 Est. Median Household Income $27,982 $31,387 $32,727

2020 Prj. Median Household Income $27,961 $31,894 $33,280

2000 Cen. Median Household Income $20,544 $27,804 $32,016

2015 Est. Average Household Income $47,820 $49,511 $51,319

2015 Estimated Per Capita Income $20,151 $16,533 $18,480

2015 Estimated Housing Units 2,266 10,253 16,755

2015 Estimated Occupied Units 2,071 9,035 14,651

2015 Estimated Vacant Units 249 1,217 2,104

2015 Est. Owner Occupied Units 718 3,616 7,155

2015 Est. Renter Occupied Units 1,299 5,420 7,496

2015 Est. Median Housing Value $188,749 $186,391 $170,952

2015 Est. Average Housing Value $216,646 $218,341 $209,167

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GATEWAY PLAZA | CLEMSON SOUTH CAROLINA :: MULTI - TENANT INVESTMENT OPPORTUNITY

AREA DEMOGRAPHICS

THE PROPERTY

FINANCIAL SUMMARY

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GATEWAY PLAZA | CLEMSON SOUTH CAROLINA :: MULTI - TENANT INVESTMENT OPPORTUNITY

PROPERTY RENT ROLL

Suite Tenant Size (SF)% of

PropertyOriginal

OccupancyCurrent Lease Term (Years) Term Commence Term Expire Rent/SF Rent/Year

Rent Growth

Lease Type Options

101 Anytime Fitness 4,072 40.7% 10/1/2007 3 3/1/2015 2/29/2016 $15.32 $62,383 Net None3/1/2016 2/28/2017 $15.62 $63,605 2.0%3/1/2017 2/28/2018 $15.91 $64,786 1.9%

105 Swann Medicine 2,464 24.6% 4/1/2012 5 4/1/2015 3/31/2016 $13.00 $32,032 Net None4/1/2016 3/31/2017 $13.00 $32,032 0.0%4/1/2017 3/31/2018 $13.50 $33,264 3.85%4/1/2018 3/31/2019 $14.00 $34,496 3.7%4/1/2019 3/31/2020 $14.00 $34,496 0.0%

108 Vacant 1,265 12.6%

385Moe Joe Coffee &

Music House 2,205 22.0% 8/26/2009 5 4/1/2016 3/31/2017 $17.00 $37,485 Net None4/1/2017 3/31/2018 $17.50 $38,588 2.9%4/1/2018 3/31/2019 $18.00 $39,690 2.9%4/1/2019 3/31/2020 $18.50 $40,793 2.8%4/1/2020 3/31/2021 $19.00 $41,895 2.7%

Average 4.33 $15.21 $44,374 2.3%Total 10,006 100% $133,122

Tenant SF Lease Expire Vacant 2015 2016 2017 2018 2019 2020Vacant 1,265 Vacant 1,265Moe Joe Coffee & Music House 2,205 12/31/2015 2,205Anytime Fitness 4,072 3/1/2018 4,072Swann Medicine 2,464 4/1/2020 2,464

SF Expiring 1,265 0 0 0 4,072 0 4,669% Expiring 12.64% 0.00% 0.00% 0.00% 40.70% 0.00% 46.66%Cumulative SF Expiring 1,265 1,265 1,265 1,265 5,337 5,337 10,006Cumulative % Expriring 12.64% 12.64% 12.64% 12.64% 53.34% 53.34% 100.00%

PROPERTY LEASE EXP IRAT ION SCHEDULE

FINANCIAL SUMMARY

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GATEWAY PLAZA | CLEMSON SOUTH CAROLINA :: MULTI - TENANT INVESTMENT OPPORTUNITY

PROPERTY F INANCIALS - F INANCIALS

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 For the Years Ending May-2017 May-2018 May-2019 May-2020 May-2021 May-2022 May-2023 May-2024 May-2025 May-2026 May-2027 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Potential Gross Revenue Base Rental Revenue $153,775 $159,306 $171,921 $176,730 $184,578 $190,069 $195,045 $197,049 $202,586 $205,160 $211,173 Absorption & Turnover Vacancy -17,710 -6,576 -6,756 -1,597 -7,261 -7,459 -1,764 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Scheduled Base Rental Revenue 136,065 152,730 171,921 169,974 182,981 190,069 187,784 197,049 195,127 203,396 211,173 Expense Reimbursement Revenue Insurance 3,602 4,062 4,289 4,204 4,417 4,553 4,483 4,737 4,641 4,876 5,027 Property Taxes 11,654 13,141 13,881 13,600 14,290 14,729 14,509 15,324 15,016 15,776 16,263 Window Cleaning (Cleaning) 1,048 1,182 1,248 1,223 1,286 1,325 1,306 1,378 1,351 1,419 1,462 Electrical 4,194 4,729 4,994 4,894 5,143 5,300 5,220 5,514 5,403 5,677 5,852 Water & Sewer 3,040 3,428 3,622 3,548 3,728 3,843 3,786 3,997 3,918 4,116 4,243 Landscape Maint. 1,153 1,301 1,374 1,346 1,415 1,457 1,436 1,516 1,486 1,562 1,609 Trash Removal 2,842 3,203 3,384 3,315 3,484 3,590 3,537 3,735 3,661 3,847 3,964 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Total Reimbursement Revenue 27,533 31,046 32,792 32,130 33,763 34,797 34,277 36,201 35,476 37,273 38,420 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Total Potential Gross Revenue 163,598 183,776 204,713 202,104 216,744 224,866 222,061 233,250 230,603 240,669 249,593 General Vacancy -2,942 -10,236 -3,687 -9,320 -11,243 -4,205 -11,663 -4,444 -10,358 -12,480 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Effective Gross Revenue 163,598 180,834 194,477 198,417 207,424 213,623 217,856 221,587 226,159 230,311 237,113 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Operating Expenses Insurance 4,123 4,205 4,290 4,375 4,463 4,552 4,643 4,736 4,831 4,927 5,026 Property Taxes 13,340 13,606 13,879 14,156 14,439 14,728 15,023 15,323 15,630 15,942 16,261 Window Cleaning (Cleaning) 1,200 1,224 1,248 1,273 1,299 1,325 1,351 1,378 1,406 1,434 1,463 Electrical 4,800 4,896 4,994 5,094 5,196 5,300 5,406 5,514 5,624 5,736 5,851 Water & Sewer 3,480 3,550 3,621 3,693 3,767 3,842 3,919 3,997 4,077 4,159 4,242 Landscape Maint. 1,320 1,346 1,373 1,401 1,429 1,457 1,487 1,516 1,547 1,578 1,609 Trash Removal 3,252 3,317 3,383 3,451 3,520 3,590 3,662 3,736 3,810 3,886 3,964 Management 4,908 5,425 5,834 5,953 6,223 6,409 6,536 6,648 6,785 6,909 7,113 Repairs and Maintenance 2,500 2,550 2,601 2,653 2,706 2,760 2,815 2,872 2,929 2,988 3,047 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Total Operating Expenses 38,923 40,119 41,223 42,049 43,042 43,963 44,842 45,720 46,639 47,559 48,576 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Net Operating Income 124,675 140,715 153,254 156,368 164,382 169,660 173,014 175,867 179,520 182,752 188,537 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Leasing & Capital Costs Tenant Improvements 34,550 15,312 3,423 17,197 21,023 Leasing Commissions 18,995 16,140 3,817 17,347 22,390 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Total Leasing & Capital Costs 53,545 31,452 7,240 34,544 43,413 ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Cash Flow Before Debt Service $124,675 $87,170 $153,254 $124,916 $157,142 $169,660 $138,470 $175,867 $179,520 $139,339 $188,537& Taxes ======== ======== ======== ======== ======== ======== ======== ======== ======== ======== ========

PROPERTY OVERV IEW

Loca t i on : 379 Old Greenville Highway

Clemson, South Carolina 29631

Pr i c e : $1,600,000

Occupancy : 87.4%

Expenses : $38,923

NOI (Cu r ren t ) : $124,675

Cap Ra te (Cu r ren t ) : 7.79%

Tenan t s : Anytime Fitness, Swann Medical

Moe Joe Coffee & Music House

Lease Te rms : Three and five year terms

Annua l Ren t G row th : 2.0% - 3.9%

Opt ions : See Rent Roll

Lease Type : Net Leases

Land lo rd Ob l i ga t i ons : Repairs and Maintenance

Tenan t Ob l i ga t i ons : See Rent Roll

Ex i s t i ng F inanc ing : No debt to assume

Bu i l d ing S i ze : ±10,006 SF

Land S i ze : ±1.09 Acres

Year Bu i l t : 1999

Tax Map No . : 4054-18-42-0316 | Pickens County

Appra i sed Va lue : $756,000

Rea l E s t a t e Taxes : $12,803.40 (2015)

Pa rk ing : 48 spaces (incl. two designated handicapped)

Zon ing : CP 2 Community Business District

Pickens County

FINANCIAL SUMMARY

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GATEWAY PLAZA | CLEMSON SOUTH CAROLINA :: MULTI - TENANT INVESTMENT OPPORTUNITY

Gateway PlazaMULTI-TENANT GSA INVESTMENT OPPORTUNITYGreenville-Spartanburg-Anderson MSA | Oconee County379 Old Greenville Highway | Clemson, SC 29631

EXCLUS IVE ADVISORS :

INVESTMENT SERV ICES

: : BRIAN DILLARD Associate | Investment Properties

CBRE | Capital Markets Group +1 864 527 6051 brian.dillard@cbre.com

Gateway PlazaMULTI-TENANT INVESTMENT OPPORTUNITYGreenville-Spartanburg-Anderson MSA | Pickens County379 Old Greenville Highway | Clemson, SC 29631