Stan Johnson Company pitches GSA‑backed office development in US Virgin Islands

The Offering Stan Johnson Company is pleased to offer to qualified investors, on behalf of Ownership, a unique pre-sale/ JV investment & acquisition opportunity for a 100% fee simple interest in a brand new, to-be-built General Services Administration (GSA) facility. The Property is eased to the U.S. Government and is occupied by the Citizenship and Immigrations Services (CIS) agency, and is located on the island of St. Thomas in the U.S. Virgin slands. The proposed deal structure is a forward commitment acquisition, with the purchaser funding 100% of development costs, receiving a preferred rate of return on their outstanding equity during development, and subsequently purchasing the property upon rent commencement at a pre-determined cap rate. Ownership closed on the purchase of the underlying and in mid-2014 and is ready to start construction immediately. Qualified investors are encouraged to submit bids outlining their proposed terms & structure, to be reviewed by Ownership. The Property will be developed on an exceptionally well ocated site. It will be a 100% occupied, free standing, two-story office property of approximately 12,770 square feet on 1.89 acres. The site is located in Smith Bay on the East side of the island of St. Thomas in the US, Virgin slands. The GSA will be operating under a new, 10-year base lease term. fap) he subject Property is mission critical to CIS as it will ouse a consolidation of multiple CIS facilities including urrent facilities in St. Croix and Charlotte Amalie. The roperty will serve as the CIS center for the entire St. homas region to welcome and educate future US tizens. The Property is a unique opportunity for an investor to acquire a new construction property 100% eased to the GSA, while earning additional income through funding of development costs. odwavAaA Do Investment Highlights 100% Leased to and Guaranteed by the US General Services Administration - Property to house the Department of Homeland Security's Citizenship and Immigration Services agency Class A Asset with Long Term Residual Value — Property will be a modern two-story split level, state of the art, public office facility, built to withstand a CAT V hurricane Brand New 10-Year Base Lease Term - Newly signed 10-year lease, which is non-cancellable for the first ten years, at a full service rate of $49.55 per RSF Mission Critical Facility — The subject Property is truly mission critical as it will house a consolidation of multiple CIS facilities and serves as the CIS center for the entire St. Thomas region to welcome and educate future US citizens Strong Developer Track Record of GSA Projects — The developer, Hoover Properties, has successfully completed 29 different build-to- suit developments for the U.S. Government for a wide range of agencies. Inquire with broker for additional information. GSA’s Financial Contribution to Tenant Improvements - The GSA is contributing almost $1 million toward interior buildout at the Property, well in excess of the developer's $665,000 contribution LEED® Certified Building - The Property's interior space will be constructed to meet the requirements of LEED for Commercial Interiors Subject Property Site Page 5 GSA Investment & Acquisition Opportunity | St Thomas, USVI ee) Stan Johnson Company | THE NET LEASE AUTHORITY® HOUSE_OVERSIGHT_018731