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Zanesville muskingum indsutrial real estate update aug 2014

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Distinguishing Factors• Rated a top “Micropolitan

Community” for new and expanded corporate facilities by Site Selection

• Named “Best Hometown in Ohio” by Ohio

• Ten Fortune 500 companies operate here

Why Here?

Zanesville-Muskingum County possesses the PROXIMITY, PEOPLE, PROPERTY & COST STRUCTURE businesses need to be successful

PROXIMITY

• On I-70 Corridor• 1 hour from 15th

Largest City in US• Zanesville

Municipal Airport• Ohio Central

Railroad • Excellent

Proximity US Population

U.S. Population Density

Location in Region

Logistical Sweetspot

PEOPLE

• 152,000 people within 30 min. of Zanesville• Good schools • 4 institutions for post-secondary education• Productive Workers

– Avon had 20 applicants for every 1 person hired– Fanatics’ Frazeysburg facility exceeded Jacksonville facility

performance in the first year– Kelloggs, Plaskolite, Halliburton & Dollar General all report

Zanesville facilities as top performers– AK Steel has never had a work stoppage

PROPERTY

• 3 Port Authority Business Parks– NorthPointe Business Park– Airport Industrial Park– EastPointe Business Park

• East Central Ohio (ECO) Business Park– Former Longaberger manufacturing &

distribution campus

NorthPointe• Mixed Use Business Park

• Home to Kelloggs, Anchor Glass Container, Flow Liner, Time Warner, Kennsington Village, Primrose, Autumn Healthcare and several smaller businesses

• Remaining parcels primarily zoned for Office use

Airport Industrial Park

• 2 mi. to I-70• Home to

Plaskolite, New Bakery, 5Bs, White Castle, Bob Summeral Tire, Cardinal Health, Seoil, and New Wanyne Mfg.

EastPointe

Halliburton

ECO Park

COST STRUCTURE

• Labor costs 78% of US Average

• Ohio’s CAT Tax exempts sales outside of Ohio

• Property taxes 22% less than Ohio average

Region Mean % of U.S. Avg.

Zanesville-Muskingum Co.(Eastern Ohio) 17.23$ 78%Charleston, West Virginia 18.72$ 85%Memphis, Tennessee 19.56$ 89%Pittsburgh, Pennsylvania 21.28$ 97%Cincinnati, Ohio 21.46$ 98%St. Louis, Missouri 21.47$ 98%Cleveland, Ohio 21.79$ 99%Columbus, Ohio 21.79$ 99%United States 22.01$ 100%Charlotte, North Carolina 22.05$ 100%Milwaukee, Wisconsin 22.14$ 101%Atlanta, Georgia 22.80$ 104%Chicago, Illinois 23.91$ 109%New York, New York 28.63$ 130%

Source: May 2013 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates, Bureau of Labor Statistics, US Dept. of Labor

Hourly Wage Rate Comparison(All Occupations)

Vision, Leadership & Cooperation

• Innovation – Transportation Improvement District, Business Incubator

• Cooperation – Joint Economic Development District

• Investment – EastPointe, Airport, NorthPointe, NorthPointe Road

• Success – Our business parks are nearly full

Recent SuccessesAvon Products Distribution Center600,000 SF, 500 jobs

Service Hub for Utica Shale300 - 600 jobs

E-commerce Fulfillment Center300 year round jobs, 1,200 seasonal jobs

Truck trailer part Manufacturing30 jobs

$200,000,000 Expansion

Training Workers for Tomorrow’s Jobs : STEMM

Center

New State-of-the-art Recreation Center

The Wilds Conservation Area

Robotics Programs in Schools

Other Amenities

Zanesville Art Museum

Longaberger Homestead

Eaglesticks Golf Course

Character Formed Here

John Glenn, Aviator, Astronaut, Senator

Kevin Martin, NBA Star

Zane Grey, Prolific Author

Dave Longaberger, Entrepreneur

Michele Redman, Pro Golfer

Deeper Dive on Real Estate

Remaining Sites

Due Diligence on Future Locations

Mixed Use Development Potential

• Site concept showing 1,000,000 SF for major employer, retail, & oil & gas service companies

• Sewer 2.5 miles away

• 1,400,000 cu yards of grading needed

• Access Road required

Industrial Building Inventory Depleted

Property Location Square Ft. CommentsFru-Cam Sonora Road 50,000 Lease-purchase by Producers Service Corp.Atico Internormen Airpark Drive 17,000 Sold to start upBuilding F Longaberger Campus 510,000 Sold to FanaticsBuilding E Longaberger Campus 120,000 Sold to Ridge Corp.Building B Longaberger Campus 812,000 No longer on the marketWare Building Central Ave. 11,000 Sold to Fru-QuipRitchey Produce Ritchey Parkway 18,000 Sold to New Wayne Mfg. at auctionWorthington Foods Warehouse SouthPointe Dr. 70,000 Leased to Bob Summeral Tire-BandagCarskadden Building HighPointe Crt. 10,000 Sold to gym start upPortion of Lear Building Linden Ave. 390,000 Demolition of most of facility underwayTotal 2,008,000

Industrial Buildings No Longer On Market

Remaining Industrial Buildings Challenged

Property Location Square Ft. CommentsPortion of Lumi-lite Sundale Rd, Norwich 25,000 Multi-tenant, no sewerRitchey Sign Greif Road 25,000 chopped up, low ceilings in partBuilding C Longaberger Campus 30,000 chopped up, low ceilings in partMosaic Tile Pershing Ave. 600,000 Poor condition, poor access, multi-tenant

Portion of Lear Building Linden Ave. 75,000 Currently under Superfund status, deed restrictions, multi-tenant, old structure

Total 755,000

Remaining Industrial Properties on Market

MIDA INDUSTRIAL

PARK WASHINGTON COUNTY, PA

COMPLETION

JUNE 2014 FOR MORE INFORMATION PLEASE CONTACT:

R.T. Walker Vice President +1 412 394 9850 [email protected] Drew S. Majerick Associate +1 412 391 4056 [email protected] Laura Lawrence Associate +1 412 394 9810 [email protected]

BUILDING FEATURES 34,500 SF 2.95 acres 2,700 SF of office space 35' ceilings $8.50 per square foot Customize your warehouse

amenities o Drive-through doors o Crane o Floor drains

Spec New Build

• 34,500 SF shell, 2.95 acres

• 35’ ceiling

• Donora, PA

• Asking Lease price of $8.50 psf/year

Newly Built

• 10,000 SF Warehouse, 1 acre yard

• Washington, PA

• Four 14’ doors

• Asking Lease price of $10 psf/year

AVAILABLE FOR LEASE

PHOENIX

I NDUSTRI AL PARK CARDOX ROAD | WASHINGTON COUNTY, PA

NOW AVAILABLE FOR LEASE IN WASHINGTON COUNTY:

10,000 SF building $10.00/SF 1-acre yard (with additional acreage available) Four (4) drive-through doors – 14’ x 14’ 23’ ceilings Paint booths / wash bays Building can be modified to suit needs Industrial zoning Access to Route 43 allows for easy north / south travel

FOR MORE

AVAILABLE FOR LEASE

700 MI LLERS RUN ROAD CUDDY, PA :: BRIDGEVILLE

PROPERTY HIGHLIGHTS:

16,000 SF former airplane hangar, converted for oil & gas users: o +/- 14,000 SF warehouse o +/- 2,000 SF attached office space o Adjacent yard and parking lot

Three oversized 16' and two 14' drive-in doors 2-acre yard Additional acreage available Located minutes from I-79 Zoning classification: Light Manufacturing

Lease price: $10,500 per month, plus utilities

FOR MORE INFORMATION

Reuse Comparisons

• 16,000 SF Warehouse, 2 acre yard

• Cuddy, PA

• Former airplane hangar

• Asking Lease price of $7.87 psf/year

PROPERTY HIGHLIGHTS 203 FINLEY ROAD, ROSTRAVER, PA 15012

+/- 8 acres 2,000 sq. ft. office 22,000 sq. ft. warehouse in two buildings 14’ drive-through doors All public utilities on-site 3-phase electric

Reuse Comparisons

• 22,000 SF Warehouse on 8 acres

• Rostraver, PA

• 14’ drive-through doors

• Asking Lease price of $14.72 psf/year

Reuse Comparisons

• 48,000 SF Mfg building on 4 acres

• Washington, PA

• Older facility

• Asking sale price of $52 psf

FOR SALE

1000

SHEFFIELD

STREET WASHINGTON, PA

PROPERTY DESCRIPTION AND INFORMATION:

FOR SALE AT $2,500,000 43,000 SF 5,000 SF Outbuilding (Cold Storage) 48,000 SF total 4 Level Acres 1,800 SF of Office Space Locker Room Facilities Kitchenette / Cafeteria Drive-Through Bay 2 Loading Docks Crane Rails Fenced In Yard Space Highway Visibility From Route 70

AVAILABLE IN 60 DAYS

161 S. J OHNSON ROAD HOUSTON, PA 15342 | WASHINGTON COUNTY

PROPERTY HIGHLIGHTS: 161 S. JOHNSON ROAD, HOUSTON, PA 15342

15,800 sq. ft. high bay warehouse 2,000 sq. ft. office with reception area Tool room 6.7 acre yard Highly visible from I-79 Easy access to I-79 Minutes from I-70

SALE PRICE: $3.2 million

FOR MORE INFORMATION PLEASE CONTACT:

Reuse Comparisons

• 15,800 SF Warehouse and 6.7 acre yard

• Houston, PA

• Asking Sale Price of $3.2 million or $202 psf

• Brochure map specifically references distance to Cadiz, Ohio

Questions?

For more info:

www.zmcport.com

740-455-0742

[email protected]