OKEECHOBEE RD

INTERSTATE 95 RAMP

PETERS RD

FLORIDA’S TURNPIKE

CROSSROADS PKWY

BASTIAN LAGGERBAUER561 281 6656bastian.laggerbauer@colliers.com

KEVIN MCCARTHY561 951 3404kevin.mccarthy@colliers.com

FOR SALE

FLORIDA NEXUS PARK

2709 - 2819 PETERS ROADFORT PIERCE, FL

SUBJECT PROPERTY

OKEECHOBEE RD

INTERSTATE 95

P

ETERS RD

ANDREWS AVE

CROSSROADS PKWY

THE OPPORTUNITYBuilt in 1988, Florida Nexus Park offers ±155,000 SF of premium flex space in Fort Pierce, Florida on more than 18 acres with an additional ±1.4 acre outparcel.The Property has been retrofitted and reintroduced to the market as a professional business park after a brief period of serving as a retail showroom location. The asset offers flexible zoning, which allows for a variety of uses, including but not limited to office, showroom, retail, call center and distribution use.

The property also offers potential Free Trade Zone (tax exempt) designations along with economic job growth and relocation incentives from various government agencies (details available upon request).

ASKING PRICE: $16,300,000

FLORIDA NEXUS PARK

COLLIERS INTERNATIONAL P. 3OKEECHOBEE RD

Situated in Fort Pierce, part of Florida’s Treasure Coast, the Property presents an ideal opportunity to acquire a well maintained and highly visible asset. Florida Nexus Park is currently occupied by tenants that include Comcast, Maximus, Drawdy Construction and Carnahan Proctor. The currently vacant ±11,000 SF outparcel also offers a prime location for a restaurant user. The 1.4 acre vacant land outparcel is ideal for retail or restaurant development. The site is strategically positioned to offer the following:

• Historically low operating expenses of $2.50 PSF

• Easy access to major highways

• Situated on the heaviliy trafficked Okeechobee Road

(State Road 70)

• Located 1/2 mile from Florida’s Turnpike Interchange

• 24-hour secured property with security cameras

• Adjacent to Interstate 95 Interchange

• Free Trade Zone (tax exempt)

• Proximity to local amenities

• High speed “On Net” available with up to 1 Gig Tier ONE IP

bandwidth for voice and data

• Current tenants include Comcast, Maximus, Drawdy

Construction and Carnahan Proctor

• Central to South Florida and Orlando markets

• Proximity to major airports, seaport and transportation

LOCATION SNAPSHOT

SITUATED ON FLORIDA’S TREASURE COAST

Fort Pierce

Orlando

Miami

EXECUTIVE SUMMARY

COLLIERS INTERNATIONAL P. 4

OKEECHOBEE RD

INTERSTATE 95

CROSSROADS PKWY

PETERS RD

> AREA RESTAURANTS Burger King, La Granja, Denny’s, Red Lobster, Steak ‘n Shake, KFC, McDonald’s, Arby’s, Sonic, Waffle House, Dunkin Donuts, Long John Silver’s, Subway, Golden Corral, Cracker Barrel, Applebee’s, Wendy’s, Tropical Smoothie Cafe, Cowboys BBQ & Steak Co

> HOTELSSleep Inn, Motel 6, La Quinta Inn, Days Inn, Holiday Inn Express, Hampton Inn, Best Western Plus, Comfort Suites, Quality Inn, Fairfield Inn & Suites

> RETAILERS The Home Depot, Walgreens, Walmart Super-center, Dollar Tree, Dollar General, RaceTrac, Advance Auto Parts, Tractor Supply Co., Firestone, AutoZone, Love’s, Pilot Travel Centers

> BANKSPNC Bank, Wells Fargo, Harbor Community Bank

FLORIDA NEXUS PARK

FLORIDA CITIES DISTANCE DRIVING TIME

Vero Beach 17 miles 20 min

Port St. Lucie 13 miles 15 min

West Palm Beach 60 miles 45 min

Fort Lauderdale 100 miles 1 hr 35 min

Miami 125 miles 2 hrs

Orlando 115 miles 1 hr 45 min

Tampa 150 miles 2 hrs 30 min

Jacksonville 223 miles 3 hrs 30 min

Tallahassee 350 miles 5 hrs 15 min

The Property is located on Florida’s Treasure Coast, in the city of Fort Pierce. Florida Nexus Park is situated on the northeast corner of Okeechobee Road (State Road 70) and Crossroads Parkway, adjacent to Interstate 95 and 1/2 mile west of the Florida Turnpike interchange. The site is equidistant to both the Orlando and Miami markets allowing easy access to major airports and nearby cities.

COLLIERS INTERNATIONAL P. 5

NEARBY AMENITIES

EDUCATIONAL FACILITIES:• Smithsonian Oceanographic

Institute • Indian River State College • Harbor Branch Marine

Institute of Florida Atlantic University

• University of Florida

• AE Backus Museum & Gallery• Fort Pierce City Marina• Heathcote Botanical Garden• Downtown Fort Pierce• Hutchinson Island• Lincoln Park Main Street • Manatee Center • Sunrise Theatre • UDT/Seal Museum • Tradition Field • PGA Golf Club • Vero Beach Fashion Outlets • Tradition Center for Innovation

Vero Beach

TRANSPORTATION/ACCESS:• Interstate 95 • Florida’s Turnpike • Public Bus Service • Greyhound Bus Lines • Treasure Coast International

Airport • Vero Beach Regional Airport • Port of Fort Pierce

LOCATION DETAILS

FLORIDA NEXUS PARK | FORT PIERCE, FL

> PROPERTY ADDRESS2709-2819 Peters Road Fort Pierce, FL 34945

> PARCEL NUMBER2324-311-0005-00012324-313-0005-0007

> LOT SIZE ±18.61 acres±1.4 acres outparcel

> BUILDING SIZE ±155,000 SF

> STORIES 1

> PARKING RATIO 5.10/1,000 SF

> YEAR BUILT1988 with recent cosmetic improvements

> CONSTRUCTION CBS

> STANDARD BASE RENT $10.00 PSF NNN

> OPERATING EXPENSES $2.50 PSF

> OCCUPANCY RATE38.94%

> CURRENT TENANTSComcast, Maximus, Carnahan Proctor, Drawdy Construction

> ZONING C-3, City of Fort Pierce

> ZONING USES Retail, office, showroom, call center, distribution

> COUNTY St. Lucie County

> UTILITIES Fort Pierce Utilities Authority

> ACCESSIBILITY Direct access to I-95 and Florida Turnpike interchange via State Road 70 /Okeechobee Road

> TRAFFIC COUNTS• ±31,000 vehicles per day on

Okeechobee Road & Crossroads Pkwy

• ±32,100 vehicles per day on Interstate 95

ADDITIONAL FEATURES: > Typical bays of 2,500 SF

> Ample parking

> No state income tax

> Job Growth Incentives up to $5,000 per new hire, per year

> Surrounded by affordable housing

> Additional land (1-100 acres for future expansion) with I-95 frontage

> Free Trade Zone Designation for tax exempt commerce available

> Easy access to Florida East Coast Railroad, Port of Fort Pierce and local airports

> Internship and training programs with local colleges and vocational schools

PROPERTY DETAILS

OKEECHOBEE RD (STATE RD 70)

PETERS RD

ANDREWS AVE

INTERSTATE 95

CROSS

ROAD

S PK

WY

DetentionPond

DetentionPond

DetentionPond

Burger King

COLLIERS INTERNATIONAL P. 7

PARCEL DETAILSPARCEL PARCEL ID SIZE

Main Parcel 2324-311-0005-0001 ±18.61 acres

Outparcel 2324-313-0005-0007 ±1.4 acres

OCCUPIED SPACECOMCAST 28,452 SF

MAXIMUS 25,484 SF

CARHANAN PROCTOR 2,400 SF

DRAWDY CONSTRUCTION 4,025 SF

TOTAL 60,361 SF

SITE PLAN

FLORIDA NEXUS PARK | FORT PIERCE, FL

FORT PIERCE AREA OVERVIEW

Fort Pierce, often called the Sunrise City, has been the hub of St. Lucie County, Florida for over 100 years. Situated on the “Treasure Coast,” named after the famed sinking of a Spanish treasure fleet in 1715, Fort Pierce is one of the oldest communities on the east coast of Florida. Incorporated in 1901, the city grew from 300 pioneers to approximately 41,000 residents today and encompasses approximately 29 square miles. Downtown Fort Pierce has retained its old Florida charm and scale, as it has welcomed new development and revitalization. The historic waterfront downtown affords residents contemporary shopping, dining, great fishing and a range of entertainment and activities from the Farmers Market, Bike Night, Friday Fest, Jazz Market and the city owned and operated historic, 1,200 seat Sunrise Theatre for the Performing Arts.

2015 Population Average Income Total Households

67,998 $51,603 23,649

BUSINESS CLIMATE

Demographic Snapshot 5 Mile Radius

Over 37,000 residents of St. Lucie County live and work in the county while over 41,000 residents leave the county to work primarily in Martin, Palm Beach and Indian River Counties. The large outflow of commuters is related to two factors:

1. There aren’t enough local jobs to meet the skills of the residents.

2. Families and individuals have relocated to St. Lucie County because of the lower cost of quality housing and they commute back to counties further south for employment.

This reflects the potential opportunity that employers have to attract local talent and offer a job with less commute time.

MAJOR EMPLOYERS

COLLIERS INTERNATIONAL P. 9

The commercial real estate market in the St. Lucie/Fort Pierce area has remained strong in the first quarter of 2016. The vacancy rate for all property types – office, retail, and industrial – remains lower than the 5-year average at 6.1%. The market is absorbing more rapidly the current supply, demonstrating over a million square feet of commercial property absorbed in the past 12 months. This demand for commercial property in the St. Lucie/Fort Pierce area does not go unnoticed as 38,393 square feet of commercial space is expected to be delivered in 2016, and over 140,000 square feet of commercial space is under construction.

MARKET INDICATORSCurrent 5 Year Avg

Rent Per SF $11.66 $10.92

Vacancy Rate 6.10% 8.80%

Vacant SF 3,308,426 4,716,945

Availability Rate 8.30% 11.20%

Available SF 4,499,283 6,043,418

Sublet SF 71,427 92,419

Months on Market 20.5 21

MARKET SNAPSHOT

COLLIERS INTERNATIONAL SOUTH FLORIDA, LLC4500 PGA Boulevard, Suite 110Palm Beach Gardens, FL 33418 561 804 9678

www.colliers.com

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BASTIAN LAGGERBAUER561 281 6656bastian.laggerbauer@colliers.com

KEVIN MCCARTHY561 951 3404 kevin.mccarthy@colliers.com