605 MUNN RD Fort Mill SC 29715-8421

OFFERS DUE February 23rd (Thursday) 5 PM Eastern Time

Transwestern’s Southeast Investment Services Team is pleased to exclusively present 605 Munn Road, a compelling Value-Add and/or Owner/User investment located in Fort Mill, South Carolina, a premier suburb of flourishing Charlotte, North Carolina. 605 Munn Road is ideally situated just off I-77 allowing an expanded trade area for clients and employees, while surrounded by multiple area demand drivers and amenities.

■ Currently 33.33% occupied, the Property’s third floor is leased to OneMain Financial Group who recently executed a five-year renewal offering predictable income to supplement the upside potential through the lease-up of the remaining vacant space.

■ The First and Second Floors are in pristine condition and ready for leasing to a full floor user or can be efficiently converted to multi-tenancy.

■ Fort Mill is highly regarded for a desirable quality of life, with a growing affluent population attracted to the numerous amenities and relatively low cost of living. 605 Munn Road is primed for success as a result of its ready to occupy Class-A improvements, excellent regional connectivity, proximity to area’s main economic drivers, and a market-leading amenity base.

OFFERS DUE February 23rd (Thursday) 5 PM Eastern Time

Value-Add Returns – Owner/User Opportunity

Flexible floorplans can accommodate an array of large and small tenants. Floor three is fully leased under a new 5 year renewal providing existing cash flow while marketing the high quality vacant first and second floors of the Class-A building.

REO Sale - exceptional upside

New stable and committed ownership, transitioning from REO limitations, can expect rapid lease-up and harvesting tenant demand for quality office projects. Asset is poised for immediate success by a nimble, well capitalized, traditional owner.

Build-to-Suit for CitiFinancial

Completed in 2005 as a built-to-suit for CitiFinancial, the building was fully leased until 2020 when Citi downsized at the Property and their consumer lending division, OneMain Financial, remained.

Built to impeccable quality

The first and second floors are largely wide-open floorplans, with the building featuring back up generators ensuring the building will always be running regardless of local power outages. Highly attractive to corporate and internet companies.

Extremely well maintained - limited capital required

The property has been maintained to the highest of institutional standards, with a pristine roof, fully operational back up generators and overall high quality improvements that have strong appeal to quality office users.

5.8/1,000 Parking ratio - Competitive advantage

Tenants are becoming increasingly efficient with their space sizes and needs, favoring more employees per space leased than the past, allowing office properties with robust parking ratios such as 605 Munn Road, a significant leasing advantage.

New hospital creates Medical leasing opportunity

The completion of the new landmark Piedmont Medical Center this year, less than 1-mile from the Property, enhances demand for medical office space. Medical tenants would be a perfect fit for 605 Munn Road with its exceptional parking ratio, highly affluent surrounding demographics, and preferred location minutes to the hospital.

Successfully appealed the $31.65M Real Estate Tax assessment

Property was assessed at full value as if CitiFinancial was still fully occupying the property. Tenant has now moved out.

Property tax reduction - Savings of over $450,000 annually

Ownership was successfully able to get the County to agree to a reduced $15.5 million tax assessment value. This will result in an annual cash flow savings of over $450,000.

Below replacement cost: allows more flexibility in rates - enhancing lease up

Anticipated trade significantly below rising replacement cost. A new owner will enjoy a low basis competitive advantage when underwriting leasing.

Potential I-77 Signage - Attracts large users

Installing pylon signage along I-77 and allowing a potential anchor tenant exposure to the daily traffic count of 113,900 cars is a significant leasing advantage to lure tenants desiring market presence.

Location Advantages

Fort Mill | A highly coveted South Charlotte location

Located in one of the fastest growing Charlotte suburbs and one of the fastest growing cities in the nation. Conveniently 25 minutes south of Uptown Charlotte along I-77, which is the region’s dominant corporate corridor.

Major financial services hub - Location of choice for top corporate office users

Charlotte is a major U.S. financial center and the second largest banking center in the U.S. after New York City.

Charlotte: Notable high growth MSA _ Enhancing Office Demand - Target Rich - Trade Area for Businesses

Nation leading population and employment growth with large corporate announcements in 2022 further validating the office market.

Exceptional Expressway access to I-77 - Corridor of Wealth

Immediate exit to expressway allows the property to effectively enjoy and expanded trade area from which to attract employees and client base.

Amenity rich location attracts tenants

Proximate to retail, restaurants, the Baxter Village residential community and the recently completed Piedmont Medical Center. Exit 85 is home to major employers including Lash Group (421k SF) and LPL Companies (450k SF) within the transformative development, Kingsley Town Center - a distinctive 660-acre mixed-use district which includes a blend of retailers, apartments, hotels, dining and offices.

York County: Strong office market

The Property’s York County market’s location advantages drive it to outperform the Overall Charlotte Market with a superior single digit vacancy rate of 5.8%, and no new office construction. South Carolina’s aggressive business recruitment incentives have helped York County emerge as an elite office submarket of choice for growing companies.

Convenient access is competitive advantage

Excellent access to main thoroughfares; with multiple entrances to the building including a signalized light on Munn Road.

Pro business South York County incentives lures large quality tenants

York County’s long history of recruiting and retaining top companies includes leveraging a variety of state and local incentive programs. York County’s roster of major employers includes corporate headquarters, financial service firms, healthcare institutions, major manufacturers and distribution companies. This diversity of industry sectors provides a stable foundation for consistent economic growth.