117 2nd Avenue North Great Falls, MT 59401

Investment Sale

8,000 SF in Prime Location

2

TABLE OF CONTENTS

Great Falls Map 3

Property Summary 4

Financial Information 14

SCOTT BLUMFIELD

Broker

406.750.0276

scott@catalyst-cre.com

www.catalyst-cre.com

CONFIDENTIALITY AGREEMENT 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 condi-

tions, completion and other factors beyond the control of the Owner and Catalyst Commercial. There-

fore, all projections, assumptions, and other information provided and made herein are subject to ma-

terial variation. All references to acreages, square footages, and other measurements are approxima-

tions. Additional information and an opportunity to inspect the Property will be made available to inter-

ested 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 Catalyst Commercial, nor any of their respective directors, officers, Affiliates or

representatives make any representation or warranty, expressed or implied, as to the accuracy or com-

pleteness 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 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 pur-

chase 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 Mem-

orandum or any of contents to any other entity without prior written authorization of the Owner or

Catalyst Commercial. 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 Catalyst Commercial. If after reviewing this

Memorandum, you have no further interest in purchasing the Property, kindly return this Memoran-

dum to Catalyst Commercial .

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MAP OF GREAT FALLS, MONTANA

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Property Summary Key Investment Highlights

Location & Industry Overview

Site Maps

Site Photos

Current Tenant Overview

5

KEY INVESTMENT HIGHLIGHTS

117 2nd Avenue North

Great Falls, MT 59401

• Class A—built in 1915

• Continuous improvements

being made

• Central/pressurized A/A

• Forced air heat

• ADA compliant

• New electrical and plumbing

• 16 free, off-street parking

spaces

• 5 tenants; 83% occupancy

• In the heart of downtown

LOCATION & INDUSTRY OVERVIEW

Why Great Falls?

Simply put, Great Falls is a fantastic place to live and do business. Great Falls, the Electric City of the West, has embarked upon a visionary effort to diversify our region’s economy, create high wage jobs, and make our community even more competitive to attract your investment. Regardless of the size of your company, we can offer you a competitive environment to do business.

Great Falls has one of the finest work ethics in the northwest. Our secondary and post-secondary education system stands ready to work with you to assist you in training the work force of today and the future. Our many financial in-stitutions are healthy, vibrant and looking to assist you in bringing your ideas to reality. We have a low crime rate, an excellent health care system, an ed-ucational system supported on a regular basis by voters and, of course, leg-endary outdoor opportunities. You’ll also find Montanans are just a little more friendly than most—but when you live in such a beautiful state, there’s no reason not to be friendly!

Recent boosts to the Great Falls economy include Calgary based AvMax’s air-craft maintenance facility (first outside of Canada), Cable Technology Inc.’s cable and wire harness design and production facility, and St. Louis headquar-tered Centene Corporation’s 250-employee medical-claims processing center. These companies all found that the business friendly climate in Great Falls was perfect for their ventures. Chances are you’ll find the same for your pro-ject. Whether your major concerns are finding affordable commercial real es-tate and utilities, technological infrastructure or a strong available workforce, you'll find it here. And it all comes with the peaceful quality of life that's made Montana one of the most desired states in which to live.

Forbes magazine rates Montana as the “fastest climber” and Most Business Friendly State

in the nation, going from 42nd to 24th to 13th!

*Source: Great Falls Development Authority

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LOCATION & INDUSTRY OVERVIEW (cont.)

Need transportation? We’ve got you covered!

Great Falls International Airport

• 149,686 enplanements in 2007 • 4 Major Airlines providing multi frequency scheduled service to

Salt Lake City, Minneapolis, Seattle, Las Vegas, Phoenix, Bo-zeman and Kalispell; direct flights to Chicago

Bus Lines : Rimrock Trailways (passenger service) • Big Sky Bus Lines (passenger service for hire – provides the

school district’s bus services) Rail • Burlington Northern Santa Fe (goods – yard here in Great Falls) • Amtrak (passenger service to Seattle/Chicago – Empire Builder

– board in Shelby or Havre)

Local Transit • Great Falls Transit District – established 1982

Highways • North/South – I-15 • East – US 87/89 to Armington Junction and then east to Lewis-

town on US 87 and south to White Sulphur Springs on US 89 • West – Hwy 200 – to Missoula • North – US 87/89 to Havre

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LOCATION & INDUSTRY OVERVIEW (cont.)

• Unemployment rate is only 4%

• The Great Falls region is a $5.89 billion economy

• Great Falls’ top private industries (by total output) include petroleum refineries,

wholesale trade, hospitals and physicians offices, and single-family home construc-

tion

• The top 30 industries (of approximately 170) account for more than 60% of the Great

Falls economy

• Most of the top industries purchase the majority of their supplies from companies

outside the region: petroleum refineries (84% of purchases made outside region)

• soft drink and ice manufacturing (70%)

• single family housing construction (66%)

• food services and drinking places (66%)

*Source: AngelouEconomics

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9

MAP OF SURROUNDING BUSINESSES

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EXTERIOR PHOTOS

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INTERIOR PHOTOS

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CURRENT TENANT PROFILES

NAME MONTHLY RENT

Beyond Beauty $500.00

VACANT (Former Davidson Architecture) $0.00

Knicker Biker $2,150.00

Photo Solutions $500.00

Just Nails $1,175.00

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Financial Information Utility Expense

Annual Operating Expense

Sale Comparables

Lease Comparables

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Utility Expense

DATE CITY OF GREAT FALLS ENERGY WEST NORTHWESTERN ENERGY

January $123.26 $798.23 $653.78

February $123.46 $609.41 $562.74

March $127.19 $530.70 $563.71

April $131.02 $297.67 $616.96

May $139.22 $174.65 $613.48

June $139.58 $142.75 $716.74

July $135.58 $120.89 $928.38

August $165.58 $121.23 $831.52

September $159.58 $120.57 $723.17

October $147.58 $128.61 $700.63

November $136.67 $189.80 $425.25

December $146.37 $448.13 $519.14

Total $1,675.09 $3,682.64 $7,855.50

Total 2015 Utilities $13,213.23

Monthly Average $1,101.10

IBIS Utilities 2015

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Current Annual Operating Expense

Real Estate Tax $9,091.09

Lawn Care/Snow Removal $500.00

Water and Garbage $837.50

Management $0.00

Lot Rent $1,700.00

Insurance $3,979.00

Utilities (electric) *$11,524.00

Advertising $0.00

Supplies $250.00

Miscellaneous $1,200.00

Total Operating Expenses $29,081.59

*Knicker Biker pays 50%

As of May 30, 2017

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SALE COMPARABLES

Property Number Sale Price Listing Price Days on

Market

Total Square Feet

(Incudes all structures)

Built

Subject Property $699,000 8,019 1915

901 9th St N $775,000 $800,000 742 65,000 1954

608-612 2nd St S $715,000 $750,000 100 5,662 2002

5 River Dr S $675,000 $699,000 766 17,500 1911

2300 Vaughn Rd $600,000 $1,300,000 629 11,300 1998

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LEASE COMPARABLES NAME Rate Terms

Beyond Beauty $500.00/month

VACANT $0.00/month

Knicker Biker $2,150.00/month 10 –year lease (2008-2018)

Photo Solutions $500.00/month

Just Nails $1,175.00/month Approx. 1,500 SF

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OFFERING TERMS

Buyers should base their offers on an “as is and where is” condition.

SQUARE FOOTAGE 8,000

SITE SIZE 0.49 acres

YEAR BUILT 1915

CAP RATE 3.26%

PRICED $699,000

SCOTT BLUMFIELD

Broker

406.750.0276

scott@catalyst-cre.com

www.catalyst-cre.com