OFFERING SUMMARY

James Webb edward.lee@ikoninvestments.com | 813-448-7489Edward Lee

882 Louis Dr, Warminster, PA (HQ / Production Facility)

Named “The Best in Print & Graphic Services”

for Bucks and Montgomery County for the

past 5 years, Vizi specializes in digital and

offset printing, large format printing, direct

mail services, online print management,

advertising specialties and apparel, graphic

design, augmented reality and complete

advertising services.

Asking Price: $3,650,000

NOI: $283,500

Cap Rate: 7.76%

Lease Term: 12 Years

Lease Type: Absolute NNN

Total SF: 54,000

Lease Rate: $5.25 / SF

Sale PSF: $67.59

Lease Escalator: 2%

Lease Commences: At Close

INDUSTRIAL SALE LEASEBACK

VIZI (54,000 SF)

IKON Investments is representing Vizi on the sale leaseback of their headquarters facility in Warminster, PA totaling 54,000 SF on approximately 5.8 acres. With the most advanced technologies available under one roof, Vizi is the result of a recent merger between two well established printing companies, Astro-Dynamic and Power One. Together they have formed a powerhouse of resources equipped to work with clients of all sizes and varying marketing needs. Vizi is a full-service facility featuring digital and offset printing, large format printing, direct mail services, online print management, advertising specialties and apparel, graphic design, augmented reality and complete advertising services. Named “The Best in Print & Graphic Services” for Bucks and Montgomery County for the past 5 years, Vizi continually leads the way in both service and capabilities. Located in Bucks County (4th most populous county in PA), Warminster is well positioned just 15 miles north of Philadelphia (8th largest MSA in the US) and provides quick access to other major markets such as Trenton, Allentown, and Reading. Vizi will execute a new 10-year Absolute NNN Lease at closing.

ABOUT VIZI

FAMILY-OWNED BUSINESS WITH 50+ YEARS EXPERIENCE

STRONG COMPANY GROWTH HISTORY

PRIME INDUSTRIAL MARKET

BELOW MARKET RENTAL RATE

BELOW MARKET PRICE PER FOOT

PROPERTY OVERVIEW882 Louis Dr, Warminster, PA (54,000 SF)

Dock Doors: 2

Overhead Doors: 1

HVAC: Roof Mounted Gas Fire Forced Air / AC Throughout Facility

Roof: .060 EPDM Single Membrane Roof Installed in 2005 with

15-year Manufacturer Warranty

Exterior Walls: 4” Brick Over 8” Concrete Block

Foundation: Reinforced Concrete

Lighting: Fluorescent

Fire Protection: 100% Wet Sprinklered

Total SF: 54,000

Office Area SF: 15,000

Warehouse / Production SF: 39,000

Total Acreage: 5.8

Parking: Paved - 153 Spaces

Clear Height: 13’ 6”

Age: 1974 / 2017 (last rennovation)

Zoning: Industrial

BUILDING OVERVIEW

AREA MAP 882 Louis Dr, Warminster, PA

Warminster

Philadelphia

Allentown

Trenton, NJ

INTERIOR PHOTOS

INTERIOR PHOTOS

SALE COMPS

1

Date Sold - 7/8/2020Sale Price - $3,500,000RBA - 53,882 SF

Price/SF - $64.96Building Type - Class C (Industrial/Warehouse)Year Built/Age - 1935/85

3621-3631 B StPhiladelphia, PA

3

99 Buck Rd

Southampton, PA

Date Sold - 10/21/2019Sale Price - $2,600,000RBA - 36,421 SF

Price/SF - $71.39Building Type - Class B (Industrial/Warehouse)Year Built/Age - 2009/11

Date Sold - 4/17/2020Sale Price - $2,300,000RBA - 31,042 SF

774 American Dr

Bensalem, PA

2

Price/SF - $74.09 Building Type - Class C (Industrial/Manufacturing)Year Built/Age - 1973/47

4

1 Cabot Blvd E

Langhorne, PA

Date Sold - 3/6/2020Sale Price - $6,400,000RBA - 78,000 SF

Price/SF - $82.05Building Type - Class B (Industrial/Warehouse)Year Built/Age - 1980/40

Price/SF - $112.50Building Type - Class C (Industrial/Manufacturing)Year Built/Age - 1970/50

5

140 Commerce Dr

Montgomeryville, PA

Date Sold - 4/3/2020Sale Price - $2,250,000RBA - 20,000 SF

6

600 Delran Pky

Delran, NJ

Date Sold - 4/10/2020Sale Price - $7,212,909RBA - 90,789 SF

Price/SF - $79.45Building Type - Class B (Industrial/Manufacturing)Year Built/Age - 1990/30

7

4 Ivybrook Blvd

Ivyland, PA

Date Sold - 6/3/2020Sale Price - $2,275,000RBA - 20,700 SF

Price/SF - $109.90Building Type - Class B (Industrial/Manufacturing)Year Built/Age - 1996/24

LEASE COMPS

1

Start Date - 8/2021Asking Rent - $5.85/SF (NNN)SF Leased - 35,000

Lease Term - N/ABuilding Type - Class C (Industrial)Year Built/Age - 1988/32

103 Park DrMontgomeryville, PA

3

Start Date - 8/2020Asking Rent - $5.75/SF (NNN)SF Leased - 91,777

Lease Term - N/ABuilding Type - Class C (Industrial)Year Built/Age - 1974/46

431 Deep Run RdPerkasie, PA

Date Leased - 7/2020Asking Rent - $6.95/SF (NNN)SF Leased - 45,660

Lease Term - N/ABuilding Type - Class B (Industrial)Year Built/Age - 1996/24

151 Domorah Dr Montgomeryville, PA

2

4

Start Date - 8/2019Asking Rent - $5.50/SF (NNN)SF Leased - 35,000

Lease Term - N/ABuilding Type - Class B (Industrial)Year Built/Age - 1975/45

206 Progress DrMontgomeryville, PA

5

Start Date - 7/2019Starting Rent - $6.75/SF (NNN)SF Leased - 40,000

Lease Term - N/ABuilding Type - Class C (Industrial)Year Built/Age - 1988/32

354-368 Dunks Ferry Rd

Bensalem, PA

6

Start Date - 3/2019Asking Rent - $6.75/SF (NNN)SF Leased - 96,480

Lease Term - N/ABuilding Type - Class A (Industrial)Year Built/Age - 1989/31

2001 Gehman RdHarleysville, PA

7

Start Date - 5/2019Asking Rent - $7.25/SF (NNN)SF Leased - 37,125

Lease Term - N/ABuilding Type - Class B (Industrial)Year Built/Age - 1998/22

2900 Potshop LnEast Norriton, PA

PHILADELPHIA MARKET OVERVIEW

PHILADELPHIA MARKET OVERVIEW

PHILADELPHIA MARKET OVERVIEW

PHILADELPHIA MARKET OVERVIEW