200 Richard Jackson Boulevard Panama City Beach, FL 32407

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1 BECKRICH BUSINESS PARK 200 Richard Jackson Boulevard INVESTMENT OFFERING Kevin Williams, CCIM Jason Carnes 100 Richard Jackson Blvd. Suite 115

2 T A B L E O F C O N T E N T S 1. Aerial / Map 2. Investment Overview 3. Tenant Information 4. Area Overview 5. Market Overview Kevin Williams, CCIM kevinw@grahamcompany.com Jason Carnes jasonc@grahamcompany.com 100 Richard Jackson Blvd. Suite 115

3 A E R I A L / M A P 2 1

4 I N V E S T M E N T O V E R V I E W I N V E S T M E N T H I G H L I G H T S Price: $8,750,000 Lease Type: Absolute Net Lot Size: 8.29 Acres Tenant Names: - TPUSA, Inc. - PC Beach Fitness, LLC Cap Rate: 7.5 % Annual Rent: $657,658 Lease: - TPUSA, Inc.: May 24, December 31,2020 (Renewal Option: One 5 year Term) - PC Beach Fitness, LLC: February 1,2014- June 30,2025 (Renewal Option: Two 5 year Term) Annual Increase: - TPUSA, Inc. : 3% - PC Beach Fitness, LLC: 2.5% P R O P E R T Y I N F O R M AT I O N Location: Beckrich Business Park 200 Richard Jackson Blvd. Less than 1 mile to the Gulf of Mexico. Building Highlights: Class A office building totaling 67,414 SF Constructed in 2001/2002 7/1,000 RSF parking ratio Card reader access for afterhours/weekend Signage opportunities available

5 TENANT INFORMATION Tenant: TPUSA, Inc. SF Occupied: 29,309 SF Lease Rate: $15.38 psf Lease Expiration: 12/31/2020 Company Info: TPUSA, Inc., doing business as Teleperformance U.S.A., Inc., provides call center services to the United States-based companies in various industries. It offers outsourced customer relationship management services, including near shore and offshore customer care and growth, customer acquisition, IVR automation, technical support, and inbound sales solutions. The company serves the United States domestic and Hispanic market needs from onshore, near shore, and offshore locations. It serves clients in telecommunications, Internet services, financial services, automotive, technology, insurance, and membership services sectors, as well as in the public sector. The company was founded in 1993 and is headquartered in Holladay, Utah with additional offices in Fairmont, West Virginia; Fairborn, Ohio; and Des Moines, Iowa. It has contact centers in the United States, as well as offshore locations in Argentina, Brazil, Canada, El Salvador, Mexico, the Philippines, and India. TPUSA, Inc. operates as a subsidiary of Teleperformance S.A. Tenant: PC Beach Fitness, LLC SF Occupied: 21,007 Lease Rate: $11.71 psf Lease Expiration: 6/30/2015 Company Info: Located in Panama City Beach, Sequence Fitness offers easy parking and is convenient to Panama City and 30A.As the best value in fitness, Sequence Fitness offers a communityoriented atmosphere unique to the area. You ll find a warm, welcoming staff accompanied by a friendly, clean, state of the art, spacious work-out environment. experience group classes, cycling classes, as well as our extensive cardio and resistance training areas.

6 BAY COUNTY/PANANA CITY A R E A O V E R V I E W LOCATION The Panama City region has evolved over the last 10 to 25 years from a spring break attraction to a high-growth, full time residential destination. Explosive residential, retail and infrastructure development have created additional demand for office space. Located at the intersection of US Highway 98 (Back Beach Road) and Richard Jackson Boulevard, Beckrich Business Park is in the heart of the area s commercial activity, adjacent to numerous retail and restaurant amenities and less than one mile from thegulf of Mexico. US Highway 98 connects Panama City Beach with Panama City to the east via the Hathaway Bridge and with Destin/Ft Walton Beach/Pensacola to the west. Panama City Beach is approximately halfway between Pensacola and Tallahassee, the State Capitol. The Northwest Florida Beaches International Airport was developed and opened within the last few years as a result of the growth of the area and is located north of Panama City Beach above West Bay. It is currently served by Delta and Southwest Airlines.

7 M A R K E T O V E R V I E W PANAMA CITY BEACH OFFICE MARKET The Panama City office market consists of approximately 1.5 million square feet of space, which is primarily located in three submarkets: Panama City Central Business District, the 23 rd Street Corridor and Panama City Beach. The direct competitive properties for this building are made up primarily of six (6) Class A off properties and one (1) Class B building, all located within very close proximity of each Vacancy Rate in Panama City area has hovered at or below 5% the last couple of years. ECONOMY Primarily driven by Tyndall Air Force Base and the Naval Support Activity The combined economic impact of these two is over $1 Billion which provides tremendous stability to the area. Port Panama City, which specializes in breakbulk cargo and dry bulk products, also provides stability, which has seen a surge of activity following the damage to the Port of New Orleans Bay County is the home to over 132 small and large manufacturers.