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1 Luger Road
DENVILLE, NEW JERSEY
CONFIDENTIAL OFFERING MEMORANDUM
SUPPLEMENTAL
cushmanwakefield.com2
Offering Memorandum Disclaimer
Matthew Marshall
Managing Director
+1 610 729 3010
matthew.marshall@cushwake.com
Charles Fern
Executive Managing Director
+1 732 243 3101
chuck.fern@cushwake.com
Jeffrey Williams
Managing Director
+1 610 729 3009
jeffrey.williams@cushwake.com
Jason Barton
Senior Director
+1 732 243 3014
jason.barton@cushwake.com
For more information, please contact
one of the following individuals:
This Confidential Offering Memorandum (“Memorandum”) is being delivered subject to the terms of the Confidentiality Agreement (the
“Confidentiality Agreement”) signed by you and constitutes part of the Confidential Information (as defined in the Confidentiality Agreement).
It is being given to you for the sole purpose of evaluating the possible investment in 1 Luger Road, Denville, New Jersey (the “Project”),
and is not to be used for any other purpose or made available to any other party without the prior written consent of BlueLinx Holdings,
Inc. (“Company”), or its exclusive broker, Cushman & Wakefield. This Memorandum was prepared by Cushman & Wakefield based primarily
on information supplied by Company. It contains select information about the Project and the real estate market but does not contain all
the information necessary to evaluate the Project. The financial projections contained herein (or in any other Confidential Information) are
for general reference only. They are based on assumptions relating to the overall economy and local competition, among other factors.
Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your
review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. While the
information contained in this Memorandum and any other Confidential Information is believed to be reliable, neither Cushman & Wakefield
nor Company guarantees its accuracy or completeness. Because of the foregoing and since the investment in the Project is being offered on
an “As Is, Where Is” basis, a prospective investor or other party authorized by the prospective investor to use such material solely to facilitate
the prospective purchaser’s investigation, must make its independent investigations, projections and conclusions regarding the investment in
the Project without reliance on this Memorandum or any other Confidential Information. Although additional Confidential Information, which
may include engineering, environmental or other reports, may be provided to qualified parties as the marketing period proceeds, prospective
purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts. Neither Cushman & Wakefield nor
Company guarantees the accuracy or completeness of the information contained in this Memorandum or any other Confidential Information
provided by Cushman & Wakefield and Company. Company expressly reserves the right, at its sole discretion, to reject any offer to invest in the
Project or to terminate any negotiations with any party at any time with or without written notice. Company shall have no legal commitment
or obligations to any prospective investor unless and until a written sale agreement has been fully executed, delivered and approved by
Company and any conditions to Company’s obligations thereunder have been satisfied or waived. Company has retained Cushman & Wakefield
as its exclusive broker and will be responsible for any commission due to Cushman & Wakefield in connection with a transaction relating to
the Project pursuant to a separate agreement. Cushman & Wakefield is not authorized to make any representation or agreement on behalf of
Company. Each prospective investor will be responsible for any claims for commissions by any other broker in connection with an investment
in the Project if such claims arise from acts of such prospective investor or its broker. This Memorandum is the property of Company and all
parties approved by Company and may be used only by parties approved by Company. No portion of this Memorandum may be copied or
otherwise reproduced or disclosed to anyone except as permitted under the Confidentiality Agreement.
Table of Contents
Executive Summary..................................................... 4
Executive Summary
cushmanwakefield.com4
Property Snapshot:
1 Luger Road, Denville, NJ
ADDRESS
±101,959 RSF
TOTAL SQUARE FOOTAGE
±90,000 RSF
DISTRIBUTION/ASSEMBLY/MFG. AREA
±11,959 RSF
OFFICE AREA
±12 Acres
LOT SIZE
100%
OCCUPANCY
1975
YEAR BUILT
Executive Summary
Property Overview
Cushman & Wakefield is pleased to present the opportunity to acquire 1 Luger Road, Denville Township, New Jersey, a ±101,959 square
foot (SF) industrial warehouse and manufacturing facility, situated on 12 acres, and located in affluent Morris County, New Jersey (the
“Property” or “1 Luger Road”). The Property shall be made available 100 percent net-leased to BlueLinx Corporation from December
1, 2016 through November 30, 2021.
1 Luger Road is located in the Morris County Industrial Market, one of the premier markets in New Jersey boasting a 92.7% percent
occupancy rate. The Property is strategically positioned within close proximity of the New Jersey state Route 53, Interstate 80 (I-80),
Interstate 287 (I-287), and the New Jersey Turnpike, within a well-located hub of industrial properties, and with proximity to Boston,
New York City, Philadelphia and Washington D.C. markets.
1 Luger Road is situated at the gateway of the Metro New York market, and the crossroads of the Northern New Jersey (“NNJ”)
distribution market. In addition, the Property features a market lease with contractual rental escalations.
The subject offering presents a rare opportunity to acquire a single-tenant, net-leased rail-served industrial asset in the “NNJ Industrial
Core” with stable in-place cash flow, upside opportunity, and immediate access to the New York Metro large scale consumer market.
Block & Metal Panel
CONSTRUCTION
T-5 Fluorescent Light Fixtures
LIGHTING
100% Dry Sprinkler System
SPRINKLER SYSTEM
22’ - 25’ Clear
CEILING HEIGHT
1 Tailgate & 6 Drive-in Doors (±16’ x 22’)
LOADING DOCKS/DRIVE-IN DOORS
±60’ x 40’
COLUMN SPACING
1200 Amps, 3-Phase, 277-480 Volts
POWER
Capacity for six (6) 65’ High Cube Rail Cars
(Norfolk Southern Served)
RAIL
BlueLinx Corporation
TENANT
November 30, 2021
EXPIRATION
$7.00 NNN with 2% Annual Rent Increases
PROPOSED RENTAL RATE
Zoned I-2
ZONING
$101,835.35 ($1.00/SF)
PROPERTY TAXES
Executive Summary
1 Luger Road 5
Site Plan
Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completemess of the information
contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special
listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Executive Summary
cushmanwakefield.com6
Floor Plan
Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completemess of the information
contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special
listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Executive Summary
1 Luger Road 7
1 Luger Road
Local Map
©Google 2016
Executive Summary
cushmanwakefield.com8
20 Miles
40 Miles
60 Miles
1 Luger Road
Strategically Located
Miles From
Newark Int’l Airport 26.5
Port Newark/Elizabeth 30.3
Brooklyn 33.3
Staten Island 34.4
Bronx 39.0
Queens 47.5
Regional Map
©Google 2016
Executive Summary
1 Luger Road 9
Financials Section released upon receipt of signed Confidentiality Agreement.
Broker Name
Executive Managing Director
+1 234 567 8901
first.last@cushwake.com
Broker Name
Executive Managing Director
+1 234 567 8901
first.last@cushwake.com
Broker Name
Executive Managing Director
+1 234 567 8901
first.last@cushwake.com
Broker Name
Executive Managing Director
+1 234 567 8901
first.last@cushwake.com
cushmanwakefield.com
Jason Barton
Senior Director
+1 732 243 3014
jason.barton@cushwake.com
Charles Fern
Executive Managing Director
+1 732 243 3101
chuck.fern@cushwake.com
Jeffrey Williams
Managing Director
+1 610 729 3009
jeffrey.williams@cushwake.com
Matthew Marshall
Managing Director
+1 610 729 3010
matthew.marshall@cushwake.com

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BlueLinx 1 Luger Road, Denville, NJ

  • 1. 1 Luger Road DENVILLE, NEW JERSEY CONFIDENTIAL OFFERING MEMORANDUM SUPPLEMENTAL
  • 2. cushmanwakefield.com2 Offering Memorandum Disclaimer Matthew Marshall Managing Director +1 610 729 3010 matthew.marshall@cushwake.com Charles Fern Executive Managing Director +1 732 243 3101 chuck.fern@cushwake.com Jeffrey Williams Managing Director +1 610 729 3009 jeffrey.williams@cushwake.com Jason Barton Senior Director +1 732 243 3014 jason.barton@cushwake.com For more information, please contact one of the following individuals: This Confidential Offering Memorandum (“Memorandum”) is being delivered subject to the terms of the Confidentiality Agreement (the “Confidentiality Agreement”) signed by you and constitutes part of the Confidential Information (as defined in the Confidentiality Agreement). It is being given to you for the sole purpose of evaluating the possible investment in 1 Luger Road, Denville, New Jersey (the “Project”), and is not to be used for any other purpose or made available to any other party without the prior written consent of BlueLinx Holdings, Inc. (“Company”), or its exclusive broker, Cushman & Wakefield. This Memorandum was prepared by Cushman & Wakefield based primarily on information supplied by Company. It contains select information about the Project and the real estate market but does not contain all the information necessary to evaluate the Project. The financial projections contained herein (or in any other Confidential Information) are for general reference only. They are based on assumptions relating to the overall economy and local competition, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. While the information contained in this Memorandum and any other Confidential Information is believed to be reliable, neither Cushman & Wakefield nor Company guarantees its accuracy or completeness. Because of the foregoing and since the investment in the Project is being offered on an “As Is, Where Is” basis, a prospective investor or other party authorized by the prospective investor to use such material solely to facilitate the prospective purchaser’s investigation, must make its independent investigations, projections and conclusions regarding the investment in the Project without reliance on this Memorandum or any other Confidential Information. Although additional Confidential Information, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing period proceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts. Neither Cushman & Wakefield nor Company guarantees the accuracy or completeness of the information contained in this Memorandum or any other Confidential Information provided by Cushman & Wakefield and Company. Company expressly reserves the right, at its sole discretion, to reject any offer to invest in the Project or to terminate any negotiations with any party at any time with or without written notice. Company shall have no legal commitment or obligations to any prospective investor unless and until a written sale agreement has been fully executed, delivered and approved by Company and any conditions to Company’s obligations thereunder have been satisfied or waived. Company has retained Cushman & Wakefield as its exclusive broker and will be responsible for any commission due to Cushman & Wakefield in connection with a transaction relating to the Project pursuant to a separate agreement. Cushman & Wakefield is not authorized to make any representation or agreement on behalf of Company. Each prospective investor will be responsible for any claims for commissions by any other broker in connection with an investment in the Project if such claims arise from acts of such prospective investor or its broker. This Memorandum is the property of Company and all parties approved by Company and may be used only by parties approved by Company. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as permitted under the Confidentiality Agreement.
  • 3. Table of Contents Executive Summary..................................................... 4
  • 4. Executive Summary cushmanwakefield.com4 Property Snapshot: 1 Luger Road, Denville, NJ ADDRESS ±101,959 RSF TOTAL SQUARE FOOTAGE ±90,000 RSF DISTRIBUTION/ASSEMBLY/MFG. AREA ±11,959 RSF OFFICE AREA ±12 Acres LOT SIZE 100% OCCUPANCY 1975 YEAR BUILT Executive Summary Property Overview Cushman & Wakefield is pleased to present the opportunity to acquire 1 Luger Road, Denville Township, New Jersey, a ±101,959 square foot (SF) industrial warehouse and manufacturing facility, situated on 12 acres, and located in affluent Morris County, New Jersey (the “Property” or “1 Luger Road”). The Property shall be made available 100 percent net-leased to BlueLinx Corporation from December 1, 2016 through November 30, 2021. 1 Luger Road is located in the Morris County Industrial Market, one of the premier markets in New Jersey boasting a 92.7% percent occupancy rate. The Property is strategically positioned within close proximity of the New Jersey state Route 53, Interstate 80 (I-80), Interstate 287 (I-287), and the New Jersey Turnpike, within a well-located hub of industrial properties, and with proximity to Boston, New York City, Philadelphia and Washington D.C. markets. 1 Luger Road is situated at the gateway of the Metro New York market, and the crossroads of the Northern New Jersey (“NNJ”) distribution market. In addition, the Property features a market lease with contractual rental escalations. The subject offering presents a rare opportunity to acquire a single-tenant, net-leased rail-served industrial asset in the “NNJ Industrial Core” with stable in-place cash flow, upside opportunity, and immediate access to the New York Metro large scale consumer market. Block & Metal Panel CONSTRUCTION T-5 Fluorescent Light Fixtures LIGHTING 100% Dry Sprinkler System SPRINKLER SYSTEM 22’ - 25’ Clear CEILING HEIGHT 1 Tailgate & 6 Drive-in Doors (±16’ x 22’) LOADING DOCKS/DRIVE-IN DOORS ±60’ x 40’ COLUMN SPACING 1200 Amps, 3-Phase, 277-480 Volts POWER Capacity for six (6) 65’ High Cube Rail Cars (Norfolk Southern Served) RAIL BlueLinx Corporation TENANT November 30, 2021 EXPIRATION $7.00 NNN with 2% Annual Rent Increases PROPOSED RENTAL RATE Zoned I-2 ZONING $101,835.35 ($1.00/SF) PROPERTY TAXES
  • 5. Executive Summary 1 Luger Road 5 Site Plan Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completemess of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
  • 6. Executive Summary cushmanwakefield.com6 Floor Plan Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completemess of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
  • 7. Executive Summary 1 Luger Road 7 1 Luger Road Local Map ©Google 2016
  • 8. Executive Summary cushmanwakefield.com8 20 Miles 40 Miles 60 Miles 1 Luger Road Strategically Located Miles From Newark Int’l Airport 26.5 Port Newark/Elizabeth 30.3 Brooklyn 33.3 Staten Island 34.4 Bronx 39.0 Queens 47.5 Regional Map ©Google 2016
  • 9. Executive Summary 1 Luger Road 9 Financials Section released upon receipt of signed Confidentiality Agreement.
  • 10. Broker Name Executive Managing Director +1 234 567 8901 first.last@cushwake.com Broker Name Executive Managing Director +1 234 567 8901 first.last@cushwake.com Broker Name Executive Managing Director +1 234 567 8901 first.last@cushwake.com Broker Name Executive Managing Director +1 234 567 8901 first.last@cushwake.com cushmanwakefield.com Jason Barton Senior Director +1 732 243 3014 jason.barton@cushwake.com Charles Fern Executive Managing Director +1 732 243 3101 chuck.fern@cushwake.com Jeffrey Williams Managing Director +1 610 729 3009 jeffrey.williams@cushwake.com Matthew Marshall Managing Director +1 610 729 3010 matthew.marshall@cushwake.com