VENICE ISLAND INNOVATION VILLAGE (VIIV)...Venice Island, between Schuylkill River & Manayunk Canal. Zoned Industrial District I-2 by the City of Philadelphia. Former industrial complex

OFFERING HIGHLIGHTSOFFERING HIGHLIGHTS

Rare Opportunity to Own 31+/- Acres in Manayunk

Philadelphia with an Unparalleled Setting

Future Possibilities Include: Residential, Entrepreneurial

Hub, Office, Hotel & Hospitality, Sports & Recreation,

Healthcare & Wellness, Educational, Park, and Riverwalk

PRESENTED BPRESENTED BYY::BRIAN EDMONDS, SIOR Managing Director(215) [email protected]

NATIONAL CLIENT TEAM:DAVID J. WILK, CRE, MAI SVN | Corporate Services National Co-Chair(302) [email protected]

STEPHEN C. WEICK SVN | Corporate Services (302) [email protected]

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for itscorrectness.

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

WELCOME TO THE...

VENICE ISLAND INNOVATION VILLAGE ("VIIV")

5000 Flat Rock Road | Manayunk | Philadelphia, PA

MANAYUNK

SALE OVERVIEWINTRODUCING VENICE ISLAND INNOVATION VILLAGE ("VIIV")A new hub of residential and commercial activity in the City of Philadelphia, surrounded by Manayunk's energy and "creative class."

Located in the 5th largest U.S. city, a talented work force, world-class hospitals, research universities, telecom and tech companies combine to make the property a "community of innovation."

"VIIV" OPPORTUNITIES INCLUDE:▪ Apartments and Mixed Residential Units

▪ Med-U-Tech & Community-Entrepreneur Hub

▪ Corporate Offices for Large and Small Companies

▪ Hotel and Conference Center (Meeting Space, Programming)

▪ Health and Wellness Center (CHOP, UPenn, Jefferson)

▪ Food/Beverage Innovations (Distillery, Brewery, Commercial Kitchen)

▪ Recreational Amenities & Open Space (Sports & Water Offerings,

Parks, Art Galleries & Exhibits, and Community Gardens)

▪ Riverwalk and Biking Trails with Connection to Schuylkill River Trail

▪ Sustainable and Innovative Land Uses

SALE PRICE: Negotiable

LOT SIZE: 31 +/- Acres

BUILDING SIZE: 550,000 +/- SF

ZONING: I-2 Industrial

MARKET: Manayunk/Lower Northwest District

OFFER DEADLINE: July 31st


EXECUTIVE SUMMARY

The "Vision"

2All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Source: Sagamore Development


TERLTERLY ELEVY ELEVAATION ALTION ALONG THE RIVER.ONG THE RIVER.

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ABOUT THE PROPERTY

Why "VIIV"UNIQUE ATTRIBUTES

31 +/- acres of developable riverfront land within 10minutes of Center City Philadelphia.

Major opportunity to create a new "community place"that appeals to multiple market segments in thePhiladelphia region.

Infrastructure and utilities include rail, City water andsewer, heavy power, water permits, favorable gas contract,and close proximity to primary highway, rail, & bus service.

Within 1+/- mile east of the I-76 interchange (BelmontAve/Green Lane Bridge) accessing the interstate highwaysystem and all points.

Dedicated rail (Norfolk Southern) with multiple spurs atboth sides of the building.

Direct public transportation access includes SEPTA BusStops (Lines 61 & 35) & Ivy Ridge Rail Station (RR Zone 2).

Facility holds a Wastewater Discharge Permit,allowing discharge of industrial wastewater andstormwater runoff.

Connectivity to Schuylkill River Trail & Main St. Manayunk.

Federal and State Historic Tax Credit potential.

PROPERTY INFORMATION

The property comprises 31+/- acres on the north side ofVenice Island, between Schuylkill River & Manayunk Canal.

Zoned Industrial District I-2 by the City of Philadelphia.

Former industrial complex with approximately 550,000SF of improvements, including high ceiling brick sections.

Adjacent to Venice Lofts Apartment Homes.



VISION MAP

Potential Economic Units


PROPERTY EXHIBITS

Demographics Map


POPULAPOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 10 MILES

TOTAL POPULATION 10,474 106,107 2,155,396MEDIAN AGE 39.3 39.7 34.6MEDIAN AGE (MALE) 39.7 38.2 32.7MEDIAN AGE (FEMALE) 38.3 41.4 36.2

HOUSEHOLDS & INCHOUSEHOLDS & INCOMEOME 1 MILE1 MILE 3 MILES3 MILES 10 MILES

TOTAL HOUSEHOLDS 4,804 46,436 835,993

# OF PERSONS PER HH 2.2 2.3 2.6AVERAGE HH INCOME $96,572 $102,805 $66,050

AVERAGE HOUSE VALUE $292,496 $382,358 $259,027


Regional Map


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PROPERTY EXHIBITS

Location Map



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Public Transportation



PROPERTY EXHIBITS

Parcel Information

(n|k|a: PaperWorks Philadelphia, Inc.)

THE NEIGHBORHOOD

Manayunk


HighlightsOn the list of Philadelphia’s quirkily named geographic landmarks, Manayunk is right up there. This Native American word, meaning “where we go to drink,” references the neighborhood’s location next to the Schuylkill River. While the river helped shape Manayunk’s identity, so do the hills. Yet despite its famous inclines, or maybe because of them, what was once one of the city’s hottest industrial centers is now one of its hottest neighborhoods.

The combination of singles, young families and life-long residents whose families have lived here for generations infuses Manayunk’s blue-collar origins with a modern edge. Row homes that once housed mill-workers during the community’s late 19th- and early 20th-century industrial boom are now a hot commodity and as in demand as the trendy loft apartments and stately Victorian houses that dot the community.

Manayunk's past and present are tied to the riverfront and the Manayunk Canal, which is listed on the National Register of Historic Places. Visitors can stroll the Main Street Historic District, or take a walking tour of the Manayunk Canal where remnants of manufacturing recall the neighborhood's starring role in the Industrial Revolution.


Just minutes from Center City, Manayunk is more than a half-mile long, with more than 65 shops and galleries and scores of restaurants. The heart and soul of the community is Main Street, a mercifully level thoroughfare bustling with dozens of restaurants, owner-operated boutiques, bars and galleries. Daytime activities give way to nighttime action as foodies and revelers hit the streets, scoping out new menu additions at restaurants, jockeying for views at the riverside clubs, catching up-and-coming local musicians or dancing to a DJ.

Those in need of retail therapy can rejoice in Manayunk. Within a few blocks, a shopper can score a runway design at Nicole Miller and get gorgeous with imported high-end products from Beans Beauty. Shoppers can order furniture at Pompanoosuc Mills or, in a nod to Manayunk’s manufacturing past, make their own at Philadelphia Woodworks, a center where aspiring craftspeople and master woodworkers can take classes, use tools and equipment. And cyclists of all levels can find just the right equipment at Cadence Cycling and Human Zoom Bikes and Boards.

Manayunk's art scene is modern and vibrant, and its galleries are proof. Orbit Gallery specializes in contemporary crafts and fine art with a focus on local artists, while the Soft Illusion Fine Art Gallery focuses on contemporary abstract expressionism. Bazemore Gallery presents contemporary art by emerging and established artists.

Bikers and walkers like the challenge of Manayunk's hills, particularly the "Manayunk Wall" at Levering Street. Outdoorsy types can hike or bike the Canal Towpath. Local cycling shops also organize rides that challenge various skill levels. Hidden River Outfitters guides kayakers on Schuylkill River tours. And the Eco-friendly Venice Island Performing Arts Center and Recreation Park, opened in fall 2014, features outdoor recreations, a "spray-ground" for kids and a 250-seat theater for the performing arts.

www.manayunk.com

Source: Visitphilly.com

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the Property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of SVN® or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. This Offering Brochure shall be subject to the terms and conditions of any separate confidentiality or non-disclosure agreement executed by the recipient in connection with the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is SVN as listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the recipient of these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future condition, potential or availability of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These assumptions may or may not be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or in any, other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered real estate purchase agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or SVN nor any of their respective agents, officers, employees, representatives, independent contractors or affiliates for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to decline and/or terminate negotiations with any person or entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any person or entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed real estate purchase agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed real estate purchase agreement shall bind the Owner or the Property and in accepting the Offering Brochure, each prospective purchaser acknowledges and agrees that it proceeds at its own risk.



DISCLAIMER

VENICE ISLAND INNOVATION VILLAGE (VIIV)...Venice Island, between Schuylkill River & Manayunk Canal. Zoned Industrial District I-2 by the City of Philadelphia. Former industrial complex

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