RETAIL SHOPPING STRIP WITH APARTMENTS AND OFFICES OFFERED AT $6,750,000- MAKE OFFERS CAMPBELL AVENUE & 270 CENTER STREET WEST HAVEN, CT 06516

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1 FOR SALE RETAIL SHOPPING STRIP WITH APARTMENTS AND OFFICES OFFERED AT 6,750,000- MAKE OFFERS Jeremiah Houlihan West Red Oak Lane, Suite 200, White Plains, NY houlihanparnes.com

2 EXCLUSIVE BROKER RETAIL/OFFICE PROPERTY FOR SALE ADDRESS Campbell Ave & 270 Center St, West Haven, CT BLOCK/LOT PROPERTY DESCRIPTION LOCATION LAYOUT PRICE NOTES BLOCK 43, LOTS , SIZE: 75,000 sf lot, 60,000 rentable sf in 3 buildings Three contiguous buildings with over 400 ft. of retail frontage (A Block front) on Campbell Ave containing offices, retail stores and apartments plus an on-site parking lot. 270 Center Street is a 2-story 13,305 sf office building containing a Day-Care Center and offices. 535 Campbell Street is a 3 and partial 1-story 25,420 sf mixed-use building containing six (6) ground level stores and offices on the 2nd & 3rd floors Campbell is a 1 and partial 2-story 21,371 sf retail strip center containing eleven (11) ground level stores and four (4) apts on the 2nd level. All of the stores have basements and all tenants provide for their own utilities. Located on the easterly Block front between Main Street and Center Street across the street from the West Haven Green and City Hall in the center of the city this location has two bus stops at the property, a city-maintained parking lot and brand new sidewalks and benches. It is conveniently located near Interstates 95 and within walking distance to the Sound shore line. 17 retail storescontaining 54,000 sf, 2 apts and 23,500 sfof office space 6,750,000 (8% Capitalization Rate) On-site parking lot maintained by the City of West Haven, 400 ft of block-front retail frontage, very low rents tremendous upside. All information furnished regarding property for sale, rental or financing is from sources deemed reliable; but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, changes of price rental or other conditions, prior sales, lease or financing or withdrawal without notice. The advertiser herein is a dealer in real estate and may have an interest in the property being offered for sale.

3 EXCLUSIVE BROKER RETAIL/OFFICE PROPERTY FOR SALE ANNUAL INCOME Retail stores (34, psf avg.) 404,076 Apts (2/ /mo & 2/ /mo) 42,000 Daycare (2,670 sf plus psf) 43,200 Offices (23, psf avg.) 217, ,500 ANNUAL EXPENSES Real Estate Taxes 85,242 Water/Sewer 5,250 Gas 5,120 Insurance 21,800 Elevator 3,000 Common Area Electric 8,150 Refuse 7,200 Repairs & Maintenance 11, ,462 NET OPERATING INCOME 559,038 PRICE 8.3% Capitalization Rate 6,750,000

4 WEST HAVEN SHOPPING CENTER 2018 Operating Expense ProForma May 2018 Rent Roll 270 CENTER STREET Tenant Address GLA Lease Expiration Rent Annual Rent Changes On Bridges 270 Center 1st F 2,600 SF 8/1/2009 8/1/2018 4, , /1/ (1) 3 year option Bridges Support 1st F 1,235 SF 10/1/2009 7/31/2018 2, , N/A Kid's Club 1st F 2,670 SF 6/1/2009 5/31/2019 3, , N/A State of CT 2nd F 6,800 SF 11/14/2008 3/31/2027 8, , Incr to 9,100/mo 3/31/18-22 Total: 13,305 18, , EXPENSES Taxes: 25, Insurance: 3, Water: 2, Electric: 5, Gas: 5, Refuse: 3, Repairs: 4, Elevator: 3, Vacancy/Collections 5%: 11, Total: 63, NET: 160, WEST HAVEN SHOPPING CENTER 2018 Operating Expense ProForma Rent Roll May CENTER STREET Tenant Address GLA Lease Expiration Rent Annual Rent Changes On Bridges 270 Center 1st F 2,600 SF 8/1/2009 8/1/2018 4, , /1/ (1) 3 year option Bridges Support 1st F 1,235 SF 10/1/2009 7/31/2018 2, , N/A Kid's Club 1st F 2,670 SF 6/1/2009 5/31/2019 3, , N/A State of CT 2nd F 6,800 SF 11/14/2008 3/31/2027 8, , Incr to 9,100/mo 3/31/18-22 Total: 13,305 18, , EXPENSES Taxes: 25, Insurance: 3, Water: 2, Electric: 5, Gas: 5, Refuse: 3, Repairs: 4, Elevator: 3, Vacancy/Collections 5%: 11, Total: 63, NET: 160,768.00

5 Retail stores (34, psf avg.) 404,076 Apts (2/ /mo & 2/ /mo) 42,000 Daycare (2,670 sf plus psf) 43,200 Offices (23, psf avg.) 217, ,500 Real Estate Taxes 85,242 Water/Sewer 5,250 Gas 5,120 Insurance 21,800 Elevator 3,000 Common Area Electric 8,150 Refuse 7,200 Repairs & Maintenance 11, , ,038 WEST HAVEN SHOPPING CENTER 2018 Operating Expense ProForma Rent Roll May CAMPBELL AVENUE Tenant Address GLA Lease Expiration Rent Annual Rent Changes On Rent-A-Center Campbell 3,600 SF 12/1/ /30/2020 4, , ,950-11/30/2020 Jackson Hewitt ,280 SF 12/1/2009 4/30/2019 1, , yr. option - 10% incr Casa Brita ,100 SF 6/1/2010 1/31/2021 2, , incr/yr Amped Bar ,100 SF 5/1/ /31/2027 2, , incr/yr Metro PCS 551 1,000 SF 11/15/ /30/2019 1, , incr/yr Alba Salon 549 1,155 SF 9/1/2009 9/30/2019 1, , Golden Island 547 1,100 SF 9/1/2009 8/21/2024 1, , yr option - 100/yr incr Apt # SF , Apt # SF , Apt # SF , Apt # SF , Center Package 545 1,224 SF 1/1/ /31/2018 1, , incr/yr to 2021 VACANT 543 1,072 SF 7/1/2007 5/31/2027 1, , incr/yr to 2021 Computer Rep SF 6/1/2010 8/31/ , Bridges ,250 SF 7/1/2013 6/30/2019 2, , June incr to 2,500 Total: 21,371 26, , EXPENSES Taxes: 32, Ins: 12, Water: 1, Electric: 1, Repairs: 4, Refuse: 3, Vacancy/Collections 5%: 15, Total: 72, NET: 246,574.00

6 WEST HAVEN SHOPPING CENTER 2018 Operating Expense ProForma Rent Roll May 2018 SILVER'S BUILDING Campbell Ave Tenant Address GLA Expiration Rent Annual Rent Changes On VACANT Campbell 5,000 SF 4, , Leslie Jewelers 523 1,600 SF mo/mo 1, , Office Space nd-3rd Floors 12,710 SF 12/31/2018 3, , /mo incr/3 yrs til 12/31/24 Flower Affair 529 1,600 SF 8/31/2019 1, , VACANT SF 12/31/ , increases yearly VACANT 531A 3000 SF 3/31/2019 2, , Nail Salon SF 3/31/2019 1, , Total: 25,420 13, , EXPENSES Taxes: 26, Insurance 6, W/S 1, Electric 1, Repairs: 2, Vacancy/Collections 5%: 8, Total: 46, NET: 116, Retail stores (34, psf avg.) 404,076 Apts (2/ /mo & 2/ /mo) 42,000 Daycare (2,670 sf plus psf) 43,200 Offices (23, psf avg.) 217, ,500 Real Estate Taxes 85,242 Water/Sewer 5,250 Gas 5,120 Insurance 21,800 Elevator 3,000 Common Area Electric 8,150 Refuse 7,200 Repairs & Maintenance 11, , ,038

7 Retail stores (34, psf avg.) 404,076 Apts (2/ /mo & 2/ /mo) 42,000 Daycare (2,670 sf plus psf) 43,200 Offices (23, psf avg.) 217, ,500 Real Estate Taxes 85,242 Water/Sewer 5,250 Gas 5,120 Insurance 21,800 Elevator 3,000 Common Area Electric 8,150 Refuse 7,200 Repairs & Maintenance 11, , ,038 WEST HAVEN SHOPING CENTER Investment Analysis May 2018 GROSS INCOME: 706, TOTAL EXPENSES: 182, NET OPERATING INCOME: 523, % cap rate 6,750, Total SF: 60,096 Price psf: Avg Rent psf: Proposed 1st Mortgage Loan 65% LTV: 4,387, Annual 4.75%, 25 yrs: 300, DSCR: 1.74 Cash Flow: 223, Debt Yield: 11.94% Cash Required: 2,362, Cash-on-cash return: 9.46%

8 PROPERTY OVERVIEW CAMPBELL AVENUE CAMPBELL AVENUE

9 PROPERTY OVERVIEW NEW SIDEWALKS AND BENCHES. 2 BUS STOPS ON CAMPBELL AVE CAMPBELL AVE WEST HAVEN, CT 2ND FLOOR-4 APTS

10 PROPERTY OVERVIEW SILVER S BUILDING CAMPBELL AVE, WEST HAVEN CT RENT-A-CENTER 567 CAMPBELL AVE WEST HAVEN CT 400 FT RETAIL FRONTAGE CAMPBELL AVE ON SITE PARKING LOT

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