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Price Reduced!Price Reduced!

Offering Memorandum1 Triangle DriveResearch Triangle Park, NC

Confi dential Offering Memorandum presented by

Robin Roseberry Anders, SIORNAI Carolantic Realty, Inc.

tel +1 919 714 7133cell +1 919 369 3713randers@naicarolantic.com

NAI Carolantic Realty, Inc., (“Broker”) has been retained by the Seller in Research Triangle Park, NC (“Property”) as the exclusive broker for this Investment opportunity.

This Offering Memorandum has been prepared by Broker for use by the principal (“Principal”) to whom Broker has provided this Offering Memorandum. The use of this Offering Memorandum and the information provided herein is subject to the terms, provisions and limitations of the Confidentiality Agreement furnished by Broker and executed by Principal prior to delivery of thisOffering Memorandum. Although the information contained herein is based upon sources believed to be reasonably reliable, Owner and Broker, on their own behalf, and on behalf of their respective officers, employees, shareholders, partners, directors, members and affiliates, disclaim any responsibility or liability for inaccuracies, representations and warranties (expressed or implied) contained in, or omitted from, the Offering Memorandum or any other written or oral communication or information transmitted or made available to the recipient

of this Offering Memorandum. In amplification of and without limiting the foregoing, summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents but rather only outlines of some of the principal provisions contained therein, and no representations or warranties are made as to the completeness and/or accuracy of the projections contained herein. Prospective purchasers of the Property should make their own investigations and conclusions without reliance upon this Offering Memorandum, the information contained herein or any other written or oral communication or information transmitted or made available. Additional information and an opportunity to inspect the Property will be made available upon written request by interested and qualified prospective purchasers.

Owner expressly reserves the right, exercisable in Owner’s sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Owner and Broker each expressly reserves the right, exercisable in

their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. Broker is not authorized to make any representations or agreements on behalf of Owner. Owner shall not have any legal commitment or obligation to any entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed, delivered and approved by Owner and the other party thereto and any conditions to Owner’s obligations hereunder have been satisfied or waived. If you have no interest in the Property at this time, return this Offering Memorandum immediately to:

NAI Carolantic Realty, Inc.5121 Kingdom Way, Suite 200Raleigh, NC 27612

tel +1 919 832 0594fax +1 919 832 7385

naicarolantic.com

Disclaimer

Property Address 1 Triangle Drive, Research Triangle Park, NC, 27709

Location: Located at the corner of NC Hwy. 54 & Triangle Dr.

PIN#: 0738-03-42-5054

Price $4,150,295 $3,900,000 ($79.97/SF)

Terms All Cash

Rentable Square Feet 48,827 SF

Percent Leased 75.6% leased until 8/31/17

Price/SF $85/SF

Year Built 1978

Lot Size 12.87 Acres

Zoning SRP (Science Research Park)

Target Buyer Owner-Occupant or Investor

Offering

SummaryOffering Memorandum One Triangle Drive

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© 2016 NAI Carolantic. All rights reserved.

Property

Description

NAI Carolantic Realty is pleased to present the opportunity to acquire 1 Triangle Drive, a 48,827 square foot single story fl ex/offi ce building NAI Carolantic Realty is pleased to present the opportunity to acquire 1 Triangle Drive, a 48,827 square foot single story fl ex/offi ce building

located in the heart of North Carolina’s world renowned Research Triangle Park (“RTP”). More than 200 companies call RTP home with over located in the heart of North Carolina’s world renowned Research Triangle Park (“RTP”). More than 200 companies call RTP home with over

50,000 experts in fi elds such as micro-electronics, telecommunications, biotechnology, chemicals, pharmaceuticals, and environmental 50,000 experts in fi elds such as micro-electronics, telecommunications, biotechnology, chemicals, pharmaceuticals, and environmental

sciences. Within and surrounding one of the largest research parks in the world, industries invest more than $296 million in R&D at the sciences. Within and surrounding one of the largest research parks in the world, industries invest more than $296 million in R&D at the

region’s universities each year – double the average R&D investment for innovation clusters elsewhere in the nation. region’s universities each year – double the average R&D investment for innovation clusters elsewhere in the nation.

1 Triangle Drive is located within the geographic center of RTP. The building is 76% leased through July 2017 providing income during any 1 Triangle Drive is located within the geographic center of RTP. The building is 76% leased through July 2017 providing income during any

pre-redevelopment planning. A well maintained offi ce building built in 1978 and extensively remodeled in 2008, 1 Triangle Drive is sited on pre-redevelopment planning. A well maintained offi ce building built in 1978 and extensively remodeled in 2008, 1 Triangle Drive is sited on

12.87 acres with abundant parking in a heavily wooded setting. The site is large enough to allow room for future development, such ex-12.87 acres with abundant parking in a heavily wooded setting. The site is large enough to allow room for future development, such ex-

pansion to include an additional two story 45,000 SF offi ce or lab building, while still maintaining a 4:1000 surface parking ratio. Additional pansion to include an additional two story 45,000 SF offi ce or lab building, while still maintaining a 4:1000 surface parking ratio. Additional

features include monument signage, direct access to the RTP trail system, visibility from Highway 54 and an ideal location within one mile features include monument signage, direct access to the RTP trail system, visibility from Highway 54 and an ideal location within one mile

of restaurants and shopping. The Streets at Southpoint, a major regional mall, is within a 5-minute drive, and Raleigh-Durham International of restaurants and shopping. The Streets at Southpoint, a major regional mall, is within a 5-minute drive, and Raleigh-Durham International

Airport is only 10 minutes away. Within a 15 minute walk is RTP’s Park Center, and specifi cally The Frontier, a centrally located collabora-Airport is only 10 minutes away. Within a 15 minute walk is RTP’s Park Center, and specifi cally The Frontier, a centrally located collabora-

tive hub for entrepreneurs (http://www.rtp.org/about-us/the-frontier). Park Center itself is soon to undergo a major redevelopment with the tive hub for entrepreneurs (http://www.rtp.org/about-us/the-frontier). Park Center itself is soon to undergo a major redevelopment with the

Research Triangle Foundation having secured $50 million and all necessary zoning to initiate a mixed use plan on its 100 acres, inclusive of Research Triangle Foundation having secured $50 million and all necessary zoning to initiate a mixed use plan on its 100 acres, inclusive of

retail, residential, offi ce, hotel and lab.retail, residential, offi ce, hotel and lab.

Offering Memorandum One Triangle Drive

Offering MemorandumSummaryAddress 1 Triangle Drive, RTP

Offering Price $4,150,295 $3,900,000 ($79.97/SF)Terms All CashYear Built 1978Total Size 48,827 SFOccupancy 75.6% through 7/1/2017

Physical

DescriptionOffering Memorandum One Triangle Drive

Address 1 Triangle Drive, Research Triangle Park, NC 27713

Property Type Flex / Offi ce

Square Feet 48,827

Year Built 1978

Percent Leased 75.6% leased until 7/31/17

Exterior Brick veneer, EIFS (Exterior Insulation and Finish System), and wood paneling

Parking 193 regular spaces, 7 handicap (4.44 per 1,000 RSF)

Ceiling Heights 9’0” fl oor to drop ceiling grid. Ceiling grid to joist-34”. Ceiling grid to roof deck-4’11”

Fire Protection Chemical fi re-suppression system located in records-storage room of suite 100

Foundation Reinforced 4” poured concrete slab

Electrical (2) 800 AMP services that feed the building (one in each suite). 480 volt-3 phase / 277 one leg

HVAC (1) 50-ton, (1) 40-ton, (1) 5-ton and (4) 3-ton rooftop units (31) heat boxes, (3) variatric controls. All HVAC

equipment manufactured by Trane.

Lighting Fluorescent fi xtures

Roof Flat metal roof system with TPO membrane (added in approximately 2008)

Windows Double pane windows in anodized metal frames

Utilities City of Durham

Zoning SRP, Science Research Park by Durham County

Site Improvements Site improvements include landscaping, separate monument signage for each suite, sidewalks, surface

parking and exterior lights

Floor

PlanOffering Memorandum One Triangle Drive

11,915 SF SUITE 200

36,912 SF SUITE 100

Property

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45,000 SF45,000 SFEXISTING 1-STORYEXISTING 1-STORY±49,000 SF±49,000 SF

94,000 TOTAL SQUARE FEET

364 PARKING SPACES

Area

AerialOffering Memorandum One Triangle Drive

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Property

PhotographsOffering Memorandum One Triangle Drive

Property

PhotographsOffering Memorandum One Triangle Drive

Property

PhotographsOffering Memorandum One Triangle Drive

Park

Center

The Research Triangle Foundation has announced it has secured $50 million for the Park Center redevelopment through a series of public-The Research Triangle Foundation has announced it has secured $50 million for the Park Center redevelopment through a series of public-

private partnerships. Park Center is a 100-acre property located in the heart of North America’s largest science park that was purchased by private partnerships. Park Center is a 100-acre property located in the heart of North America’s largest science park that was purchased by

RTF in 2014. Park Center will be the fi rst major redevelopment in RTP’s history, and will bring together private industry, universities and all of RTF in 2014. Park Center will be the fi rst major redevelopment in RTP’s history, and will bring together private industry, universities and all of

North Carolina in an inspiring setting at the heart of the Triangle. For more information: http://www.rtp.org/about-us/park-center/ North Carolina in an inspiring setting at the heart of the Triangle. For more information: http://www.rtp.org/about-us/park-center/

Offering Memorandum One Triangle Drive

Exponential Population GrowthConsidered the fastest growing region in the state, the Raleigh/Durham/Research Triangle region has a population of over 2 million and has grown by more than 40% in the last 20 years. The region is expected to continue to grow at an even faster rate in the next decade. Within the Triangle region, Wake County is the largest and fastest growing area with a population of more than

925,000, adding approximately 65 people per day.

Diversifi ed Employment BaseAt the heart of the region’s success lies a diverse and growing blend of people and cultures from every corner of the globe. The region’s quality growth and ability to mix native traditions and newcomer infl uences have shaped a population full of vitality, diversity, and prosperity. With a diversifi ed and prosperous business climate and an environment attractive to tomorrow’s technology, the Triangle boasts one of the most highly educated and diverse workforces in the nation. With more than 46 percent of its 25-or-older population holding a bachelor’s degree or higher, it’s no wonder Forbes

magazine ranked Raleigh as one of the best cities for new college grads.

InnovationAs the home of three nationally renowned research universities, the Triangle has garnered a reputation for innovation and entrepreneurship. The Research Triangle region utilizes a triple helix business model in which leaders from the area’s businesses, government, and major research universities work together to transform business practices, acquire and develop the latest technology to enable new companies and industries to thrive.

Quality of LifeThe low cost of living, quality health care, and ready access to abundant recreational activities make the Triangle region a desirable place to start or relocate a business. Centrally located between the majestic Blue Ridge Mountains to the west and the legendary Outer Banks and Atlantic coast to the east, the Triangle enjoys a favorable climate year-round. Tropical air in the summer and mild temperatures in the winter keep the mean annual temperature at a comfortable 60 degrees.

Top Business ClimateAnchored by one of the nation’s largest research parks and three nationally renowned research universities, the Research Triangle area consistently ranks among the nation’s best economies year after year. Industry giants in pharmaceuticals, computer software, telecommunications, cleantech, and biotechnology dot the landscape, helping to fuel thriving retail sales and entrepreneurial success.

Consistent Employment GrowthThe Triangle area has had consistently low unemployment rates accompanied by high rates of job growth. The area’s unemployment is consistently below the statewide unemployment rate as well as the national rate. The metro area’s economic success is most evident in the rising incomes of its residents. The region’s per capita income has long outstripped the state’s per capita income, and this strong economic performance is projected to continue to increase over the next 15 years.

Macroeconomic

Drivers

#1 Best Big City to Live in the Southeast(Raleigh, NC)Money Magazine | September 2016

#1 Metro for Life Science Clusters(Raleigh-Durham, NC)Business Facilities | August 2016

#2 Top State Business Climate(North Carolina)Site Selection | November 2016

#2 Hottest Spot for Tech Jobs(Raleigh, NC)Forbes | September 2016

#2 Area with the Highest Number of Tech Jobs(Raleigh-Durham, NC)New York Times | August 2016

#3 Best Midsize Metro for Jobseekers(Raleigh, NC)American Institute for Economic Research | July 2016

#3 Best Place for Business & Career(Raleigh, NC)Forbes | October 2016

#3 Top U.S. Life Science Cluster(Raleigh-Durham, NC)JLL Life Science Outlook | October 2016

#3 Best City to Live in(Raleigh, NC)WalletHub | July 2016

#3 City Secretly Great for Tech Grads(Raleigh, NC)Datafox | January 2016

#41 World’s Leading Metropolitan Areas(Raleigh, NC)The Brookings InstituteJanuary 2015

2015 City to Watch(Raleigh, NC)Urbanful | January 2015

#3 Best Place for Entrepreneurs to Start a Business(Raleigh, NC)US Chamber of Commerce | August 2014

#5 Best-Performing Large U.S. City(Raleigh-Cary, NC)Milken Institute | January 2015

#2 Most Affordable Market withGood Schools(Raleigh, NC)RealtyTrac | November 2014

#7 Smartest City in America(Raleigh, NC)Forbes | November 2014

#2 Easiest Place to Find a Job(Raleigh, NC)Forbes | November 2014

#1 U.S. City Attracting the Most Families(Raleigh, NC)Forbes | September 2014

#2 Fastest-Growing Large U.S. City from 2010 to 2030(Raleigh, NC)United Nations Population DivisionAugust 2014

#3 Best Place for Entrepreneurs to Start a Business(Raleigh, NC)U.S. Chamber of CommerceAugust 2014

#9 Fastest-Growing U.S. Airport(Raleigh-DurhamInternational Airport)Business Facilities | August 2014

#2 Fastest-Growing City(Raleigh, NC)Business Facilities | August 2014

#1 Best Place for Business in 2014(Raleigh-Cary, NC)Forbes | July 2014

#7 Best City for Future Job Growth in 2014(Raleigh-Cary, NC)Forbes | July 2014

#1 Best City for Raising a Family(Raleigh, NC)Forbes | April 2014

Source: Wake County Economic Development

Recent Triangle

Accolades

5121 Kingdom Way, Suite 200Raleigh, NC 27607+1 919 832 0594naicarolantic.comNO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS

SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL

WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE

CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.