Cybernet Systems - EXP Realty Advisors

2009 Construction| Cybernet Systems
3885 Research Park Drive – Ann Arbor, MI
Phone: 212.972.7457
Fax: 212.686.0078
exp@exp1031.com
www.exp1031.com
Price: $2,550,000 | Cap Rate: 11.29% | $80.93 psf
100% occupied single tenant net lease
State of the art “Class A” office/research and development facility
Strong private credit tenant
31,508 sf building located on 2.58 acres 100% leased to Cybernet Systems
Capital investment of over $600K in 2011 in building and property
1 minute from I-94 l 5 minutes to the University of Michigan and Downtown Ann Arbor
Adjacent similar building (3869 Research Park Drive) sold for $129 psf in 2009 without any
rental income in place

Cybernet Systems
Aerial Photograph
Briarwood Mall
University of Michigan
Health System
Stifel Nicolaus & Co Inc
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Drew Technologies Inc
Pixel Velocity Inc
Federal-Mogul
Corporation
Area Agency on
Aging 1-B
AERIAL PHOTOGRAPH | 4

Cybernet Systems
Investment Overview
PROPERTY OVERVIEW:
EXP Realty Advisors offers for sale this high quality office / research and development facility is
comprised of 31,508 sf located on 2.58 acres. It is located in Ann Arbor Research Park, which is
technology rich and the “Silicon Valley of the Midwest”. It has excellent access to I-94, US-23, US-
12 and M-14. Cybernet consolidated two facilities into this property and occupies 100% of the
building. The property is only 1 mile from Ann Arbor Municipal Airport and is close to Detroit
Metropolitan Airport. Ann Arbor is a city that has a population of over 114,000 and is known for
having the quaint sophistication of a university town in conjunction with a plethora of cultural
amenities in the city, and in nearby Detroit. The National EPA laboratory is located in Ann Arbor
and is a demand generator for transportation based corporations. Major employers in Ann Arbor
include University of Michigan (30,574 employees), University of Michigan Health Centers
(7,645), Visteon (5,581), General Motors Corp./Powertrain Division (4,394), St. Joseph Mercy
Hospital (3,300), and Eastern Michigan University (2,200). Neighboring properties include
American Honda Emissions Laboratory, Mercedes Benz technology center. Datastat Inc., Stantec,
Handy Lab, Federal Mogul Group – Engine & Transmission Product Group, Ann Arbor Learning
Community, Solidica Inc, Pixel Velocity, T/J Technologies Inc, CIMdata Inc and Essen Instruments.
All due diligence material is current and available. Cybernet relocated its old facility which it
occupied for 22 years. The old facility is 700 yards away and Cybernet moved because the
building was being torn down for a new Costco.
CYBERNET LEASE SUMMARY:
Size 31,508
Original Term: 5 ½ Years
Rent: $287,797 9.13 psf
Escalations: None
Rent Commencement: January 1 st 2011
Expiration Date: June 30 th 2016
Options: Two (3) Yr
1st 323,902 10.28 psf 12.5%
2nd 343,437 10.90 psf 6.0%
Price $2,550,000
Cap Rate (In Place) 11.29%
Price PSF $80.93
INVESTMENT SUMMARY
Price: $2,550,000
CAP Rate: 11.29%
Bld. Sq Ft: 31,508 sf
Land Size: 2.58 ac
Lease Type: Double Net
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
INVESTMENT OVERVIEW | 2

Cybernet Systems
Investment Overview
TENANT OVERVIEW: Cybernet Systems Corporation http://www.cybernet.com/
Cybernet Systems Corporation is a leading research and development company that engineers
technological solutions to some of the world’s leading defense and medical challenges including
cyber security. Their business is evenly diversified between health care, defense, cyber security
and driverless vehicles. Cybernet consolidated two facilities into this property and occupies
100% of the building. The company has 80 PhDs working full time and owns 71 patents valued
between 50 and 100 million dollars.
Medical and healthcare products include MedStar, a completely scalable, web-based
outpatient care solution. MedStar hardware and software solutions collect physiological data
from patients and their in-home devices and record it on their web-based electronic patient and
data management system. Through this system, physicians, nurses, pharmacists and other
health professionals have immediate access to updated outpatient information.
Defense and security products include The Automated Tactical Ammunition Classification
System, which can inspect over 5,000 rounds of ammunition per hour, reducing the manpower
needed to handle loose, broken lot ammunition. Other products include VSIL, a virtual
prototyping package for modeling vehicle systems and components, developed by Cybernet and
The U.S. Army. VSIL leverages commercial virtual-design technology pioneered in the
automotive industry to simulate Army vehicles and perform rapid trade-off analysis for soldier
safety and operational effectiveness. Other products include autonomous navigation, computer
vision, human-computer interaction, robotics, sensors and simulation and training systems.
Located in Ann Arbor, Michigan, Cybernet was founded in 1989 and has completed hundreds of
U.S. Department of Defense contracts and is a certified 8(a), woman-owned small business.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
INVESTMENT OVERVIEW | 3

Cybernet Systems
Property Photographs
Subject Property
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
PROPERTY PHOTOGRAPHS | 5

Cybernet Systems
Floor Plan
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
FLOOR PLAN | 8

Cybernet Systems
Property Photographs
Numerous Premier Businesses in Ann Arbor Research Park with Cybernet
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
PROPERTY PHOTOGRAPHS | 9

Cybernet Systems
Location Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LOCATION MAP | 19

Cybernet Systems
Property Photographs
Interior Photographs
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
PROPERTY PHOTOGRAPHS | 10

Cybernet Systems
Property Photographs
Interior/Exterior Photographs
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
PROPERTY PHOTOGRAPHS | 11

Cybernet Systems
Conceptual Renderings
Interior/Exterior Renderings
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It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
CONCEPTUAL RENERINGS | 12

Cybernet Systems
Conceptual Renderings
Interior Renderings
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
CONCEPTUAL RENERINGS | 13

Cybernet Systems
Property Photographs
Subject Property
Gift of Life
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Ervin Industries
PROPERTY PHOTOGRAPHS | 14

Cybernet Systems
Property Photographs
Future site of new
Costco building
Cybernet relocated
from this location
(which they had
occupied for 22 years)
and consolidated
operations with
another facility into the
subject property
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Subject Property
PROPERTY PHOTOGRAPHS | 15

Cybernet Systems
Site Plan
Entrances
Research Park Business Center
Lobby
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It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
SITE PLAN | 16

Cybernet Systems
Labeled Aerial
Evin Industries
Subject Property
Gift of Life Michigan
CIMData; Applied Safety; Endeavor;
Glacier Hills; Rhoades & Frantz;
Essen Instruments
CIMData; Applied Safety; Endeavor;
Glacier Hills; Rhoades & Frantz;
Essen Instruments
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Drew Technologies; PolyTec; Bauer;
Rockwell Automation; First
Metropolitan Title; KJL Management
Inc; Metropolitan Services, Inc
Federal Mogul Material Processing
The School of Orthopedic Massage;
RESEARCH PARK II L.L.C
Gift of Life Michigan Amer Honda MTR Co.
T/J Technologies; Caelynx;
Universal Parametrics
Subaru Research and Development
SBA Stauder Barch & Associates, Inc
Sloan Accounting Group; Originus, Inc; Ann Arbor
ParmaSyn; NeuroNexus Technologies, James Shaeffer
& Assoc; Neural Intervention; The Handy Lab Inc.
Federal-Mogul World Wide, Inc.;
Federal Mogul Corp.
Daimler Chrysler Research, Engineer
& Design North America Inc.;
Mercedes-Benz Service
StanTec Consulting
Social Security Administration
SITE PLAN | 17

Cybernet Systems
Lease & Sales Comparables
Building Address Building Size Space Lease/Sold Transaction Type
Lease Rate/Sale
Price Comments
710 Avis Drive 47000 SF 43,200 SF Lease Renewal AVG. $13.25/SF
NNN
Renewal of Tetra Tech for 5 years.
935 Tecnology Drive 30,000 SF 14,000 SF Re-lease Existing AVG. $14.60/SF Leased to Amcor PET Packaging on 5 year lease. TI's $10.00/sf
Space
NNN
300 W. Textile (New 53,928 SF 10,000 SF Lease New Building AVG. $12.95/SF Leased to NSF International
Construction)
NNN
775 Technology Drive 22,500 SF 9,420 SF Re-lease Existing AVG. $12.00/SF Leased to Gene Codes
Space
NNN
1100 Eisenhower 39,400 SF 39,400 SF Re-lease Existing AVG. $11.75/SF Leased to Google
Space
NNN
3869 Research Park Drive 17,748SF 17,748 SF User buyer sale $2,360,528 Sold to Gift of Life
existing building $129.95/SF
710 Avis Drive 47,000 SF 47,000 SF Investor sale of $6,345,000 Sold by Avis to Oxford Properties Investment
existing building $135/SF
935 Tecnology Drive 30,000 SF 30,000 SF Investor sale of $4,129,250 Sold to 935 Partners
existing building $137.64/SF
4889 Venture Drive 10,000 SF 10,000 SF User buyer sale $1,500,000 Sold to Midwest Eye Bank
existing building $150.00/SF
2705 S. Industrial 37,875 SF 27,875 SF Investor sale of $5,300,000 Sold to South Industrial Associates
existing building $140.00/SF
5400 Data Court 35,000 SF 35,000 SF Investor sale of $4,850,000 Leased to TCF Bank
existing building $139.00/SF
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. LEASE & SALES COMPARABLES | 18

Cybernet Systems
Location Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LOCATION MAP | 20

Cybernet Systems
1-3-5 Demographic Data
Radius 1 Mile 3 Mile 5 Mile
Population:
2016 Projection 4,336 73,187 166,632
2011 Estimate 3,956 70,678 160,551
2010 Census 3,861 70,299 159,439
Growth 2011-2016 9.60% 3.50% 3.80%
Growth 2010-2011 2.50% 0.50% 0.70%
2011 Population By Hispanic Origin 246 3,264 8,025
2011 Population by Race:
White 2,727 52,815 115,925
Black or African American 495 5,280 16,214
American Indian and Alaska Native 15 207 488
Asian 437 8,972 19,517
Native Hawaiian and Pacific Islander 3 25 57
Other Race 89 811 2,436
Two or More Races 189 2,567 5,914
Households:
2016 Projection 2,204 29,603 69,339
2011 Estimate 2,023 28,471 66,486
2010 Census 1,982 28,289 65,974
Growth 2011-2016 9.00% 4.00% 4.30%
Growth 2010-2011 2.10% 0.60% 0.80%
Owner Occupied 844 14,209 32,102
Renter Occupied 1,179 14,261 34,384
2011 Avg Household Income $64,577 $73,193 $68,799
2011 Med Household Income $47,059 $51,892 $48,842
2011 Per Capita Income $32,715 $31,627 $30,568
2011 Households by Household Inc:
Income Less than $15,000 248 3,184 8,952
Income $15,000 - $24,999 226 3,183 7,970
Income $25,000 - $34,999 196 3,038 6,924
Income $35,000 - $49,999 400 4,286 9,969
Income $50,000 - $74,999 378 4,949 11,022
Income $75,000 - $99,999 204 2,982 7,060
Income $100,000 - $149,999 227 3,771 8,508
Income $150,000 - $199,999 77 1,528 3,024
Income $200,000+ 67 1,545 3,048
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Contact Us
EXP Realty Advisors
118 East 28 th Street
Suite #901
New York, NY 10016
Phone: (212) 972-7457
Fax: (212) 686-0078
www.exp1031.com
Our Team
Robert P. James
President
Phone: (212) 972-7457
Email: rob@exp1031.com
Daniel de Sa‘
Director of Sales
Phone: (212) 972-7457
E-mail: dan@exp1031.com
1-3-5 DEMOGRAPHIC DATA | 21