HIGHLY VISIBLE FREE-STANDING BUILDING · movers, hand Industrial truck operators 13.25 10.50 15.75 Inspectors, testers, sorters 15.00 10.75 18.75 Machinists 22.75 15.25 36.50 Maintenance

SVN | MILLER COMMERCIAL REAL ESTATE | 206 E. MAIN STREET, SALISBURY, MD 21801 LEASE BROCHURE

HIGHLY VISIBLEFREE-STANDINGBUILDING102 MARLBORO AVENUEEASTON, MD 21601

Henry Hanna, CCIM, SIORCouncil Chair of Industrial [email protected]

Wesley Cox, CCIMSenior [email protected]

OFFERING SUMMARY

Available SF: 7,123 SF

Lease Rate: Negotiable

Year Renovated: 2012

Building Size: 7,123 SF

Zoning: Commercial

Market: Talbot County, MD

Submarket: Easton

The property is a rare free-standing building offering great visibility and exposure in the heart of Easton,MD surrounded by many successful companies. The building is currently occupied by a fitness facilitywhose lease expires April 30, 2017. Many upgrades have been done to the property. The location andbuilding is very suitable for professional office, retail, or medical.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Great Visibility

• Free-Standing Building

• Retail or Office Uses

• Well-known location

Property Summary - 102 Marlboro Avenue

102 MARLBORO AVENUE EASTON, MD 21601 SVN | Miller Commercial Real Estate | Page 2All SVN® offices are independently owned and operated.


Retailer Map


Additional Photos


Additional Photos


Additional Photos


Additional Photos


Additional Photos


Additional Photos


Location Maps - 102 Marlboro Avenue


POPULATION 3 MILES 5 MILES 15 MILES

Total population 15,255 22,479 68,832

Median age 42.2 43.7 45.1

Median age (male) 38.7 41.3 43.5

Median age (Female) 44.7 45.3 45.6

HOUSEHOLDS & INCOME 3 MILES 5 MILES 15 MILES

Total households 6,489 9,304 27,946

# of persons per HH 2.4 2.4 2.5

Average HH income $71,504 $78,620 $83,541

Average house value $361,402 $362,384 $429,839

* Demographic data derived from 2010 US Census

Demographics Map

Talbot County, on Maryland’s Eastern Shore, is proximate to the Annapolis/Baltimore/Washington, D.C. corridor. The County offers 600 miles of waterfront on the Chesapeake Bay, and five historic towns: Easton, Oxford, Queen Anne, St. Michaels and Trappe. Easton, the county seat, is the regional hub for commercial, financial, cultural and medical activity. The economy is defined by agriculture, manufacturing, professional and healthcare services, information technologies and environmental sciences. Real estate is the leading revenue generator, followed by business services and healthcare. Tourism also provides a significant economic contribution.

Talbot County offers a strategic location for small technology-based businesses with a nationally recognized general aviation airport, well maintained infrastructure and access to 90 federal labs and facilities. Economic assets include the Cooperative Oxford Laboratory which shares facilities with NOAA National

Center for Coastal Ocean Science (NCCOS), the U.S. Coast Guard and the Maryland Department of Natural Resources; the Paul S. Sarbanes Ecosystem Restoration Project at Poplar Island; and the Calhoon MEBA Engineering School. Recent projects include completion of a new headquarters for Quality Health Strategies and an expansion of Aphena Pharma Solutions. The Office of Economic Development is interested in assisting you and your business with retention, relocation and expansion projects.

Washington, DC

New York

EastonWashington, DC

Baltimore

Talbot County is located east of Washington, D.C. on the Delmarva Peninsula, and is surrounded by over 600 miles of shoreline.

LOCATIONDriving distance from Easton: Miles Kilometers

Atlanta, Georgia 687 1,105Baltimore, Maryland 59 95Boston, Massachusetts 408 657Chicago, Illinois 744 1,197New York, New York 197 318Philadelphia, Pennsylvania 109 175Pittsburgh, Pennsylvania 281 451Richmond, Virginia 168 271Washington, DC 71 114

CLIMATE AND GEOGRAPHY1

Yearly Precipitation (inches) 46.8Yearly Snowfall (inches) 14.7Summer Temperature (ºF) 76.7Winter Temperature (ºF) 38.4Days Below Freezing 67.1Land Area (square miles) 258.6Water Area (square miles) 67.7Shoreline (miles) 605Elevation (feet) sea level to 78

POPULATION2,3

Talbot County Upper Households Population Eastern Shore* Maryland

2000 14,307 33,812 199,406 5,296,4862010 16,157 37,782 224,771 5,773,5522020** 18,000 40,850 241,700 6,224,550

*Caroline, Cecil, Dorchester, Kent and Talbot counties**Projections

Selected places population (2010): Easton 15,945; Trappe 1,077; St. Michaels 1,029; Tilghman Island 784; Oxford 651

POPULATION DISTRIBUTION2,3 (2013)

Age Number Percent

Under 5 1,762 4.65 - 19 6,029 15.920 - 44 9,335 24.645 - 64 10,959 28.965 and over 9,846 26.0Total 37,931 100.0Median age (2011-2013) 48.8 years

Brief Economic FactsTA L B O T C O U N T Y, M A R Y L A N D

Maryland Department of Business & Economic Development

1.888.ChooseMD | www.ChooseMaryland.org2015

LABOR AVAILABILITY3,4,5 (BY PLACE OF RESIDENCE) Labor Mkt.Civilian Labor Force (2014 avg. - prelim.) County Area*

Total civilian labor force 18,369 78,691 Employment 17,277 73,714 Unemployment 1,092 4,977 Unemployment rate 5.9% 6.3%Residents commuting outside the Number Percentcounty to work (2011-2013) 4,488 25.8%Employment in selected occupations (2011-2013) Management, business, science and arts 6,622 37.5% Service 3,830 21.7% Sales and office 3,984 22.5% Production, transp. and material moving 1,406 8.0%* Talbot, Caroline, Dorchester and Queen Anne’s counties

MAJOR EMPLOYERS6,7 (2014)

Employer Product/Service Employment

University of Maryland Shore Medical Center at Easton

Medical services 1,641

Allen Harim Foods Poultry processing 408Genesis HealthCare / The Pines

Nursing care 250

William Hill Manor Nursing care 220Walmart Consumer goods 205Quality Health Strategies Health care improvement 180Shore Bancshares Financial holding company 177Chesapeake Building Components

Component building products

156

Target Consumer goods 150Wildlife International Environmental testing 150Chesapeake Publishing Newspaper publishing 135Inn at Perry Cabin by Belmond

Restaurant and lodging 134

Lowe’s Home improvement prods. 134Giant Food Groceries 127Chesapeake Center Services for the disabled 125United Parcel Service (UPS) Mail and package delivery 122Aphena Pharma Solutions Pharmaceutical packaging 120McDonald's Restaurants 119Acme Markets Groceries 116YMCA of Talbot County Recreation, sports centers 115Comfort Keepers Home health care services 99Harbourtowne Golf resort, restaurant and

conference center89

CareFirst Health insurance 88Excludes post offices, state and local governments

EMPLOYMENT4 (2013, BY PLACE OF WORK)

Estab- Annual Avg. Emp. Avg. Wkly.Industry lishments Empl. % Wage

Federal government 16 218 1.2 $1,111State government 8 236 1.3 795Local government 19 1,403 7.6 892Private sector 1,581 16,512 89.9 720 Natural resources and 18 81 0.4 665 mining Construction 199 872 4.7 841 Manufacturing 34 983 5.4 731 Trade, transportation 334 3,388 18.4 578 and utilities Information 12 193 1.1 851 Financial activities 139 842 4.6 1,190 Professional and business 274 2,594 14.1 904 services Education and health 173 3,876 21.1 878 services Leisure and hospitality 172 2,894 15.8 360 Other services 225 789 4.3 593Total 1,624 18,369 100.0 739 Includes civilian employment only

HOURLY WAGE RATES4 (2014)

Selected Occupations Median Entry Experienced

Accountants $31.75 $19.25 $40.75Bookkeeping/accounting clerks 17.75 13.00 21.25Computer support specialists 19.75 13.75 23.75Computer systems analysts 42.50 22.75 49.25Customer service representatives 13.50 9.00 17.25Electronics engineering technicians 33.00 27.00 37.00Freight, stock and material 12.50 9.00 14.75movers, hand Industrial truck operators 13.25 10.50 15.75Inspectors, testers, sorters 15.00 10.75 18.75Machinists 22.75 15.25 36.50Maintenance workers, machinery 17.25 14.25 19.25Mixing and blending machine 16.25 11.00 17.75operators Network administrators 33.25 24.25 38.75Packers and packagers, hand 10.75 10.25 11.50Secretaries 15.50 11.00 18.25Shipping/receiving clerks 14.75 11.50 17.25Team assemblers 14.25 11.75 17.25Wages are an estimate of what workers might expect to receive on the Upper Eastern Shore (Caroline, Dorchester, Kent, Queen Anne’s and Talbot counties) and may vary by industry, employer and locality

TA L B O T C O U N T Y, M A R Y L A N DBrief Economic Facts

SCHOOLS AND COLLEGES3,8 Educational Attainment - age 25 & over (2011-2013)

High school graduate or higher 89.4% Bachelor’s degree or higher 32.9%Public Schools Number: 5 elementary; 1 middle/combined, 2 high Enrollment: 4,630 (Sept. 2014) Cost per pupil: $11,855 (2012-2013) Students per teacher: 14.0 (Oct. 2013) High school career / tech enrollment: 702 (2014) High school graduates: 342 (July 2013)Talbot County Public Schools provides a laptop computer to every high school studentNonpublic Schools Number: 11 (Sept. 2013)Higher Education (2014) Enrollment Degrees

2-year institution Chesapeake College* 2,428 282Several major universities are located in the region, including Salisbury University, University of Maryland Eastern Shore and Washington College.* Located in adjacent Queen Anne’s County; coursework is offered at the

Center for Allied Health in Easton and other locations in the region.

TAX RATES9

Talbot Co. Maryland

Corporate Income Tax (2015) none 8.25% Base – federal taxable income

Personal Income Tax (2015) 2.40% 2.0%-5.75% * Base – federal adjusted gross income

*Graduated rate peaking at 5.75% on taxable income over $300,000

Sales & Use Tax (2015) none 6.0% Exempt – sales for resale; manufacturer’s purchase of raw materials;

manufacturing machinery and equipment; purchases of materials and equipment used in R&D and testing of finished products; purchases of computer programs for reproduction or incorporation into another computer program for resale

Real Property Tax (FY 15) $0.527 $0.112 Effective rate per $100 of assessed value In an incorporated area, the county rate will vary and a municipal

rate will also apply

Business Personal Property Tax (FY 15) none none No county personal property tax on ordinary business property $1.3175/$100 applicable to utility operating property only In an incorporated area, a municipal rate may apply

Major Tax Credits Available Job Creation, R&D, Biotechnology and Cybersecurity Investment, Environmental Businesses

BUSINESS AND INDUSTRIAL PROPERTY6

Talbot County offers seven business parks and five major commercial shopping centers. All major commercial and industrial parks are located in the town of Easton. Easton Utilities provides for water and sewer capacity, redundant high-speed internet, cable, electric and natural gas. The business parks are immediately accessible to U.S. Route 50 with links to Routes 301 and 13 for north/south transport and I-97 and I-95 for access to Mid-Atlantic markets. The Easton Technology Center is located adjacent to the Easton Airport and offers Class A office space on two- to three-acre sites with bundled parcels available up to 60 acres. Trappe, located on U.S. Route 50 in the southern area of the county, is poised for commercial infill and industrial development. Recent activity includes a 40,000 sf headquarter facility for Quality Health Strategies and a 10,000 sf expansion for Aphena Pharma Solutions.

Market Profile Data (2014) Low High Average

Land – cost per acre Industrial $80,000 $180,000 $150,000 Office $40,000 $500,000 * $200,000*With frontage on U.S. 50

Rental Rates – per square foot Warehouse / Industrial $5.00 $10.00 $7.50 Flex / R&D / Technology $6.00 $10.00 $8.00 Class A Office $10.00 $20.00 $15.00

HOUSING2,3,10 Occupied Units (2011-2013) 16,336 (69.2% owner occupied) MedianHousing Transactions (2013) Units Selling Price

All arms-length transactions 468 $281,000 All multiple-listed properties* 512 $288,000*Excludes auctions and FSBO

INCOME3 (2011-2013)

Percent HouseholdsDistribution Talbot Co. Maryland U.S.

Under $25,000 20.7 16.1 23.9$25,000 - $49,999 22.2 18.1 24.0$50,000 - $74,999 18.8 17.4 17.9$75,000 - $99,999 12.3 13.3 11.9$100,000 - $149,999 14.3 18.0 12.7$150,000 - $199,999 4.9 8.5 4.8$200,000 and over 6.8 8.6 4.8Median household $58,618 $72,345 $52,176Average household $84,103 $94,841 $72,897Per capita $36,822 $35,837 $27,884Total income (millions) $1,374 $203,854 $8,436,477


TRANSPORTATIONHighways: U.S. 50.Rail: Rail sidings are not currently available in Talbot County; however, the Maryland & Delaware Railroad operates feeder lines out of Centreville and Federalsburg which connect to Norfolk Southern in DelawareTruck: 109 local and long-distance trucking establishments are located on the Upper Eastern Shore Water: Served by the Port of Baltimore, 50’ channel; a leading U.S. automobile and break-bulk port; the Mid-Shore region is also served by the Port of Seaford, Delaware on the Nanticoke River with barge off-loading capabilities for grain and aggregate Air: Served by Baltimore/Washington International Thurgood Marshall Airport (BWI) and Ronald Reagan Washington National Airport; Easton Airport offers charter service to Washington, D.C. and Baltimore, shuttle service to BWI and Amtrak, general aviation services (4000’ and 5500’ runways); state-of-the-art fueling system and recently completed control tower are part of a $15 million improvement project

RECREATION AND CULTURERecreation: Talbot County Community Center provides sports fields, indoor ball court, and a professional size ice rink and curling rink for hockey and figure skating with meeting rooms for events; the county maintains the Hog Neck Golf Course, rated among the top 25 public courses in the country, and 27 public boat ramps and marine slips; YMCA Of Chesapeake offers two Olympic size pools, tennis courts, ball fields, racquet ball and squash courts, rock climbing and fitness training Water Activities: Four navigable river systems attract competitive and leisure sailors and boaters from throughout the Mid-Atlantic region; Tred Avon and Miles River Yacht Clubs provide transient dockage and fuel along with several privately held marinas and boat yards; the county is home to a working oyster fleet of skipjacks and crabbers and the renowned log canoe racing sailboats Golf: Easton Club, Talbot Country Club, Harbourtowne Golf Resort with Pete Dye design and Hog Neck Golf Course Cultural and Historical: Historic Avalon Theatre in Easton provides year-round entertainment and runs the Plein Air Festival each July; Academy Art Museum houses impressive collections; Chesapeake Bay Maritime Museum in St. Michaels hosts exhibits on Chesapeake Bay maritime heritage; Tilghman Watermen’s Museum preserves the stories and work of local waterman; and the Rural Life Museum of Trappe celebrates homes, farms and industry of the area Events: Annual Waterfowl Festival, held the second weekend in November, enjoys an international reputation as an exhibitor of waterfowl artwork while supporting conservation investment; Tilghman Island Day celebrates the heritage of the area’s watermen; Chesapeake Bay Maritime Museum hosts several festivals including the Small Craft and Wooden Boat Festivals and the OysterFest; Chesapeake Chamber Festival offers chamber music venues in and around Easton on Maryland’s beautiful Eastern Shore

GOVERNMENT11

County Seat: EastonGovernment: Five county council members elected at large for four-year terms; charter form of government allows for the separation of the executive from the legislative branch; lawmaking powers are vested in an elected legislative body Corey W. Pack, President, County Council 410.770.8001 R. Andrew Hollis, County Manager 410.770.8010Website: www.talbotcountymd.govCounty Bond Rating: Aa2 (Moody’s); AAA (Fitch)Talbot County Office of Economic Development Paige R. Bethke, Director 215 Bay Street, Suite 5 Easton, Maryland 21601 Telephone: 410.770.8058 Email: [email protected] www.talbotcountymd.gov

Sources: 1 National Oceanic and Atmospheric Administration (1981-2010 normals);

Maryland Geological Survey 2 Maryland Department of Planning 3 U.S. Bureau of the Census 4 Maryland Department of Labor, Licensing and Regulation, Office of Workforce

Information and Performance5 U.S. Bureau of Labor Statistics6 Talbot County Office of Economic Development7 Maryland Department of Business and Economic Development8 Maryland State Department of Education; Maryland Higher Education

Commission9 Maryland State Department of Assessments and Taxation; Comptroller of the

Treasury10 Maryland Association of Realtors 11 Maryland State Archives; Maryland Association of Counties

UTILITIESElectricity: Delmarva Power (Pepco), Choptank Electric Cooperative, and Easton Utilities Commission; customers of investor-owned utilities and major cooperatives may choose their electric supplierGas: Natural gas is supplied by Eastern Shore Natural Gas/Chesapeake Utilities to the Town of EastonWater: Municipal systems in Easton, Oxford, St. Michaels and Trappe; the remainder of the county’s water needs are supplied by wells fed by deep aquifersSewer: Municipal systems serve Easton, Oxford and Trappe; county serves St. Michaels and TilghmanTelecommunications: Verizon Maryland is the largest provider of communications services; Easton Utilities Commission provides triple redundant high-speed FTTP and cable to the Town of Easton; Comcast is a cable provider in the region; Maryland Broadband Cooperative PoP located in Easton


The World Trade Center Baltimore • 401 E. Pratt Street • Baltimore, MD 21202Telephone: 410.767.6300 • TDD/TTY: 410-333.6926

1.888.ChooseMD • www.ChooseMaryland.org


The material contained in this Offering Brochure is furnished solely for the purpose of considering a lease of a portion of the property within and is not to beused for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the writtenconsent of the SVN® Advisor or Property Owner (“Owner”), or used for any purpose whatsoever other than to evaluate the possible lease of the Property.

The only party authorized to represent the Owner in connection with the lease of the Property is the SVN Advisor listed in this proposal, and no other personis authorized by the Owner to provide any information or to make any representations other than contained in this Lease Offering Brochure.If the personreceiving these materials does not choose to pursue a lease of the Property, this Lease Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisLease Offering Brochure may include certain statements and estimates by SVN with respect to the Property. These Assumptions may or may not be provento be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability forrepresentations or warranties, expressed or implied, contained in or omitted from this Lease Offering Brochure, or any other written or oral communicationtransmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it inany final, fully executed and delivered Real Estate Lease Agreement between it and Owner.The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor, nor anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Lease OfferingBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Lease Offering Brochure is a solicitation of interest only and is not an offer to lease the Property. The Owner expressly reserves the right, at its solediscretion, to reject any or all expressions of interest to lease the Property and expressly reserves the right, at its sole discretion, to terminate negotiationswith any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the LeaseOffering Brochure or making an offer to lease the Property unless and until the Owner executes and delivers a signed Real Estate Lease Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer to lease, a prospective lessee will be deemed to have acknowledged the foregoingand agreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective lessee, any prospective lesse should not rely on any such correspondence orstatements as binding Owner. Only a fully executed Real Estate Lease Agreement shall bind the property and each prospective purchaser proceeds at itsown risk.

Disclaimer

Documents

HIGHLY VISIBLE FREE-STANDING BUILDING · movers, hand Industrial truck operators 13.25 10.50 15.75 Inspectors, testers, sorters 15.00 10.75 18.75 Machinists 22.75 15.25 36.50 Maintenance