Cambridge Place Marketing Flyer [Four Buildings]

INVESTMENT OPPORTUNITY

FOR SALE

MARKETING FLYER

BUILDING VI

7,000 SF

BUILDING II

6,718 SF

BUILDING III

6,928 SF

BUILDING I

7,000 SF

CAMBRIDGE PLACE

BRIDGEPORT, WV 26330

OFFICE PARK

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EASTPOINTE SHOPPING CENTER

EMILY DRIVE

INTERSTATE 79

EXIT 119

ROUTE 50

NORTHWESTERN PIKE

GABRIEL'S PLAZA

THOMPSON DRIVE

THE HOME DEPOT

1180 W MAIN STREET

CAMBRIDGE PLACE

OFFICE PARK

CAMBRIDGE PLACE

BRIDGEPORT, WV 26330

OFFICE PARK

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INVESTMENT OVERVIEW

Introduction of the property including specifications of the buildings, utilities, ingress,

egress and parking, interior finishes, signage and a site plan.

TENANT OVERVIEW

Information on the tenants located within each building.

BUILDING FLOOR PLANS

Floor plans and descriptions of each building.

COMPARABLE SALES

Comparable sales to the subject property.

LOCATION OVERVIEW

Detailed description/aerial photo of the property and its proximity to

surrounding businesses and locations.

AERIAL PHOTOS

Aerial photos of the subject property from different heights and angles.

CLICK HERE TO VIEW

CONFIDENTIALITY AGREEMENT

Financials and other information is available upon submission of a Confidentially Agreement. Click on the link to the

left to obtain a CA for this property. Please email signed CA's to Murphy Holloway, mholloway@blackdiamondrealty.net

or David Lorenze, dlorenze@blackdiamondrealty.net.

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INVESTMENT OVERVIEW

CAMBRIDGE PLACE

BRIDGEPORT, WV 26330

• Building I - 7,000 SF

• Building II - 6,718 SF

• Building III - 6,928 SF

• Building VI - 7,000 SF

Owner will consider selling individual buildings or a combination of buildings.

SALE PRICE / $3,875,000

CAP RATE / 8%

TOTAL NUMBER OF ASSETS / 4

GROSS BUILDING SIZE / 27,646 SQ FT

BUILDING CLASS / A

OFFICE PARK

MIX OF CREDIT TENANTS – STRONG TRACK RECORD

Black Diamond Realty is pleased to present four buildings within

Cambridge Place Office Park, boasting a strong track record and

a mix of credit tenants.

Cambridge Place offers Class A finishes, manicured landscaping, plenty of

surface parking, and all brick façades. With easy access to I-79, this park is the

ideal location for any business looking for local presence with regional access.

02 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV

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Main Entrance to Cambridge Place Office Park

BLACK DIAMOND REALTY

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LOCATION

Cambridge Place is located within one mile of I-79, Exit 119 (Route 50). The

property is strategically positioned in the heart of heavy Marcellus Shale activity

along Route 50. Thompson Drive sees roughly 9,784 vehicles per day (WVDOH,

2014), while Route 50, located just 0.25 mile south, sees nearly 35,124 vehicles

per day (WVDOH, 2014).

UTILITIES

This property offers all public utilities and city supplied services. Utilities

include: electricity, gas, water, sewer, phone, and cable. Electric is provided

by Mon Power, gas is provided by Dominion, and water and sewer are provided

by the City of Bridgeport. A conduit with a fiber-optic cable encircles Cambridge

Place allowing access to all available internet and telephone providers. Among

the companies currently servicing tenants are Comcast, Time Warner, Citynet,

Verizon and Frontier. Also available are Sudden Link, Hughes Net, Dish, Xfinity,

AT&T, US Cellular and Sprint.

INGRESS / EGRESS / PARKING

Cambridge Place Office Park offers one point of ingress and egress via Thompson

Drive. The main drive into the complex winds around each building for easy

access. The roadways and curbing are well-maintained by ownership as they

are private streets once you enter Cambridge Place. Cambridge Place offers

ample parking to suit the needs of each tenant. The following parking spaces

are available for each building.

PROPERTY SPECIFICATIONS

Construction of Cambridge Place Office Park began in 2003 with Building I and

continued with a new building being built each year. The final structure, Building

VII, was completed in December of 2009. Each building has a poured concrete

foundation with wire mesh. Framing is wood with 12” block foundation walls.

The roof is a truss system design with 30 year dimensional shingles over felt,

ice guard as required. Each building also has heavy duty gage aluminium gutters,

down spouts, drip edge and trim. The building exteriors are brick veneer with

Quoined corners and the windows are Anderson Narrowline. Additional

exterior finishes include: Arched entry porticos with 10” Roman Doric-style

tapered columns and stick-built Cupolas. All buildings within the park are one-story

with the exception of Building VII which is two-stories, 4,000 square feet per floor.

INTERIOR FINISHES

The flooring varies from building to building and includes carpet, laminate and tile.

The walls are 5/8” drywall and metal studs over 12” (R-38) fiberglass batt

insulation. The ceilings consist of lay-in acoustic tiles or drywall with crown moulding.

Lighting is mostly fluorescent with some recessed and incandescent fixtures.

SIGNAGE

A brick sign that reads, “Cambridge Place” is located at the main entrance

of the park. Additionally, each building is clearly labeled with a large address

number above the main entrance doors allowing for customers to easily

locate their destination.

LOCATION

BUILDING I

BUILDING II

BUILDING III

BUILDING VI

AVAILABLE PARKING

33 Spaces, Two Handicapped

35 Spaces, Two Handicapped

27 Spaces, Two Handicapped

35 Spaces, Two Handicapped

04 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV

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PROPERTY SITE PLAN

BLACK DIAMOND REALTY

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TENANT OVERVIEW

BUILDING I - DOMINION ENERGY

BUILDING II - WVDEP

TENANT SINCE SEPT. 2017

TENANT SINCE JAN. 2013

Dominion Energy is one of the nation’s largest producers and transporters

of energy, with a portfolio of approximately 26,000 megawatts of electric

generation; 14,800 miles of natural gas transmission pipeline; 51,800 miles

of natural gas distribution pipeline; 6,600 miles of electric transmission

lines; and 57,900 miles of electric distribution lines. Dominion operates

one of the largest natural gas storage systems in the U.S. with 1 trillion

cubic feet of capacity, and serves more than 6 million utility and retail

energy customers. The company is built on a proud legacy of public

service, innovation and community involvement.

WVDEP (West Virginia Department of Environmental Protection) is a

statewide operation, headquartered in Charleston, West Virginia.

Created in 1991, the DEP is responsible for protecting and preserving

the land, air, water, and public health through enforcement of the

state's environmental laws.

BUILDING II - TRANSAMERICA

TENANT SINCE JUL. 2014

Transamerica has been helping people feel better about the future

for more than 100 years. Their responsibility goes beyond insurance,

investments, and retirement accounts. With headquarters in the

Netherlands, Aegon operates in more than 20 markets worldwide.

Transamerica in the United States is the company’s largest operation.

Aegon’s 29,000 employees support more than 26 million customers

worldwide. At the end of 2017, the company managed almost €1 trillion

of investments.

06 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV

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BUILDING III - DR. JAMIE M. DAY

BUILDING III - DERMATOLOGY OUTREACH

TENANT SINCE SEPT. 2006

TENANT SINCE SEPT. 2017

Dermatology Outreach is a nurse practitioner owned business with clinics

throughout several counties in West Virginia. Locations include Bridgeport,

Fairmont, Weston, Buckhannon, Elkins, Summersville, and Parkersburg.

DR. JAMIE M. DAY, DDS

DENTIST

While all endodontists are dentists, less than three percent of dentists are

endodontists. Endodontists specilize in the treatment and care of tooth

pain and the saving of teeth. Dr. Day has an excellent reputation in Harrison

County and has been a specialists in saving teeth for decades.

BUILDING III - FUSION TECHNOLOGY

TENANT SINCE APR. 2014

Fusion Technology works with the government and private sectors,

providing a full range of IT services and solutions to ensure national

security. With decades of experience in the Federal IT space and a

commitment to excellence, Fusion Technology strives to bring success

to each of their clients by using industry best practices and best value

solutions. With over 11 years of business and 228% growth in just two

years, Fusion Technology is one of the fastest growing small businesses

in the information technology field.

BUILDING VI - PROGRESSIVE / GSA

TENANTS SINCE JUL. 2008

GOVERNMENT SERVICE

AGENCY

The Progressive Group of Insurance Companies has always lived up to its

name by being one step ahead of the insurance industry, and finding new

and affordable insurance solutions. With $23+ billion in written premiums,

Progressive is one of the largest auto insurance groups in the nation.

GSA (Government Service Agency). Due to privacy restrictions, there is

limited information available about this tenant.

BLACK DIAMOND REALTY

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BUILDING I - 7,000 SQUARE FEET

SUITE 102 - 7,000 SQUARE FEET

Suite 102 consists of 7,000 (+/-) square feet and is currently occupied by

Dominion Energy. The space includes two main entrances, a reception/waiting

area with high end finishes, 12 offices, two conference rooms, multiple areas

for cubicles, two men’s and two women’s restrooms each located on either

ends of the building, one large utility closet and one smaller storage closet,

a large storage room, a server room and two kitchen/break rooms.

Finishes in this space include drywall ceilings with recessed lighting,

dark wood trim, crown moulding, and wanes coating throughout the main

entrance, front conference room and four offices. Flooring in the main entry

and front conference room is tile and the four offices is carpet. The remaining

space consists of drop ceilings with florescent lighting, vinyl tile and carpet.

All windows have blinds.

08 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV

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Building I Exterior

Reception/Waiting Room

Conference Room

Kitchen Facilities

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BUILDING II - 6,718 SQUARE FEET

SUITE 101 - 5,103 SQUARE FEET

Suite 101 consists of 5,103 (+/-) square feet and is currently occupied by WVDEP.

The space includes a reception/waiting room, seven offices, one conference room,

a work area, multiple spaces for cubicles, a large kitchen, separate single men’s

and women’s restrooms, a file/map area, server room, and a large file/storage

closet. This space is highlighted blue in the floor plan below. Additionally, there

is a large concrete patio located off of the kitchen.

Finishes in this space include a combination of drywall

and drop ceilings with recessed and florescent lighting.

Manager offices have dark wood trim with crown

moulding and wooden shutter blinds. The flooring

throughout the space is a combination of tile, vinyl,

and carpet. All windows have blinds.

SUITE 103 - 1,615 SQUARE FEET

Suite 103 consists of 1,615 (+/-) square feet and is currently occupied by

Transamerica. The space includes a reception/waiting room, three offices,

a conference room, a large work area, space for file cabinets, separate

men’s and women’s restrooms, a kitchen, and a large storage/utility closet.

Finishes in this space include drop ceilings with fluorescent lighting and a

combination of tile and carpet flooring. All windows have blinds.

10 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV

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Building II Exterior

Suite 101 Reception/Waiting Room

Suite 101 Conference Room

Suite 101 Kitchen Facilities

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BUILDING III - 6,928 SQUARE FEET

SUITE 106A - 1,337 SQUARE FEET

Suite 106A consists of approximately 1,337 (+/-) square feet and is currently

occupied by Dr. Jamie M. Day. The space is highlighted in the floor plan below

in blue. The space includes a reception/waiting room, pay area, three exam

rooms, one lab/multi purpose room, one office, kitchen, staff restroom, patient

restroom, and a mechanical/laundry room. Finishes to this space include drop

ceilings with florescent lighting and a combination of wood, vinyl tile and carpet

flooring. All windows have blinds.

SUITE 106B1 / 106B2 - 2,644 SQUARE FEET

Suites 106B1 and 106B2 consists of roughly 2,644 (+/-) combined square feet.

Suite 106B1 is currently available (1,435 (+/-) square feet). The space is highlighted

in the floor plan below in purple. This space includes two offices and

an open area for cubicles. Suite 106B2 is currently occupied by Dermatology

Outreach (1,209 (+/-) square feet). The space is highlighted in the floor plan

below in orange. This space includes a large partially shared waiting room,

one office, two exam rooms, and a room for storage. The two spaces share

an entrance, kitchen, utility closet and two restrooms. Finishes to both

spaces include a combination of drywall and drop ceilings with recessed

and fluorescent lighting. Flooring is a mix of tile, vinyl and carpet and some

of the space has crown moulding.

SUITE 108 - 2,947 SQUARE FEET

Suite 108 consists of approximately 2,947 (+/-) square feet and is currently

occupied by Fusion Technology. The space is highlighted in the floor plan below

in green. The space includes a reception/waiting area, file/storage area, seven

offices, one conference room, an IT room, storage closet, janitorial closet, two

restrooms and a kitchen. Finishes to the space include a combination of drywall

and drop ceilings with recessed and florescent lighting, some of the space has

crown moulding. The flooring is a mix of tile and carpet. All windows have blinds.

12 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV

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Building III Exterior

Suite 106A Reception/Waiting Room

Suite 106B1 Exam Room

Suite 108 Reception

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BUILDING VI - 7,000 SQUARE FEET

SUITE 109 - 3,000 SQUARE FEET

Suite 109 consists of 3,000 square feet and is currently occupied by Progressive

Insurance. The space includes a secure waiting room, customer conference

room, reception area, conference room, Telecom room, a large file room,

kitchen, one office, a large open space with cubicles, two single restrooms,

janitorial closet and a mechanical room. This space is highlighted blue in the

floor plan below.

Finishes to the space include drop ceilings with fluorescent lighting, a mix

of tile, vinyl and carpet for the flooring, and blinds on all of the windows.

SUITE 111 - 4,000 SQUARE FEET

Suite 111 consists of 4,000 square feet and is currently occupied by GSA

(Government Service Agency). The space includes a secure waiting room,

reception area, conference room, seven offices, a file room, data closet,

open space with cubicles, three single restrooms, and shower/locker room.

This space is highlighted orange in the floor plan below.

Finishes to the space include drop ceilings with fluorescent lighting, a mix

of tile, vinyl and carpet for the flooring, and blinds on all of the windows.

14 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV

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Building VI Exterior

Suite 109 Conference Room

Suite 109 Kitchen Facilities

Suite 111 Reception/Waiting Room

BLACK DIAMOND REALTY

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COMPARABLE SALES

LEGEND

990 Elmer Prince Drive

430 Drummond Street

120 Medical Park Drive

224 Spruce Street

Subject Property

16 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV

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120 MEDICAL PARK DRIVE, BRIDGEPORT, WV 26330

SUBJECT PROPERTY

Square Feet: 47,745

Year Built: 2012

Reported Cap Rate: 6.81%

Sale Date: 1/27/2017

Price: $15,500,000

Price per SF: $325

990 ELMER PRINCE DRIVE, MORGANTOWN, WV 26505

Square Feet: 25,053

Year Built: 1987

Reported Cap Rate: 7.75%

Sale Date: 11/5/2017

Price: $6,100,000

Price per SF: $243

430 DRUMMOND STREET, MORGANTOWN, WV 26505

Square Feet: 12,000

Year Built: 2001

Reported Cap Rate: 7.72%

Sale Date: 7/27/2017

Price: $2,280,000

Price per SF: $190

CAMBRIDGE PLACE, BRIDGEPORT, WV 26330

100 MAIN STREET, ELKINS, WV 26241

Square Feet: 8,500 Reported Cap Rate: 8.71%

Year Built: 2001 Sale Date: 11/28/2017

224 SPRUCE STREET, MORGANTOWN, WV 26505

Square Feet: 9,280 Reported Cap Rate: ~8.5%

Year Built: ~1970 Sale Date: 5/29/2015

Price: $1,400,000

Price per SF: $165

Price: $1,100,000

Price per SF: $118

Square Feet:

47,246

Year Built:

2001-2009

Cap Rate:

8.0%

Market Type:

Suburban

Price per SF:

$159

BLACK DIAMOND REALTY

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LOCATION OVERVIEW

HARRISON COUNTY

Harrison County lies in north central West Virginia and is home to the North

Central WV Airport which has one of the longest runways in WV (7,000 feet).

Also in Harrison County are a few of the top national aerospace companies

including: Lockheed Martin, Bombardier Aerospace, Graftech International,

Pratt & Whitney, among others. Harrison County produces the most shale

gas in WV (to date, since drilling began in 2007).

Major employers in the area also include: United Hospital Center, Federal

Bureau of Investigation, VA Medical Center, and Marcellus Shale O&G

service contractors. As of 2015, there were 36,434 people living within a

5-mile radius. The total daytime population is 45,309 with 24,363 employees

(MapInfo Pro, 2015).

POPULATION

2017 Harrison County Population

INCOME

2017 Harrison County Median Household Income

HOUSEHOLDS

2017 Harrison County Number of Households

67,811

$58,082

27,493

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CAMBRIDGE PLACE

OFFICE PARK

SOURCES

1 - https://censusreporter.org/profiles/05000US54033-harrison-county-wv/

2 - https://investors.lockheedmartin.com/static-files/7e161683-7667-4b26-ad7b-b4a7ea881dea

3 - http://www.graftech.com/

4 - https://wvumedicine.org/united-hospital-center/about-us/

5 - https://www.fbi.gov/services/cjis

Distance to nearby cities: Clarksburg, WV - 5 miles, Fairmont, WV - 17 Miles,

Morgantown, WV - 34 miles, Uniontown, PA - 59 miles, Pittsburgh, PA - 106 miles,

Charleston, WV - 125 miles.

18 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV

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MAJOR LOCAL EMPLOYERS

• Lockheed Martin is a publicly traded global security and aerospace company.

• In 2017, they employed approximately 100,000 people worldwide and

2

generated net sales of $51 billion.

• Lockheed Martin operates more than 590 facilities in 50 U.S. states and has

business locations in more than 50 national territories.

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• GrafTech is a world leader in graphite material science with more than 130

3

years of experience in the carbon and graphite industry.

• GrafTech employs approximately 1,300 people, manufactures products on

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three continents, and works with customers in over 50 countries.

• As of September 2018, GrafTech announced a net income of $199 million.

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• The new UHC in Bridgeport offers a 692,000-square-foot structure that rises

eight stories. It is designed around the environment with the patient, family,

staff and community in mind.

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• The acute care facility has 292 private inpatient rooms and 24 observation

rooms with a medical staff of more than 140 primary care and

specialty physicians. 4

• UHC employs more than 2,000 associates and is a member of WVU Medicine.

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• The Criminal Justice Information Services Division (or CJIS) is a division of

the United States Federal Bureau of Investigation (FBI) located in Clarksburg,

Harrison County, West Virginia.

• Their mission is to equip our law enforcement, national security, and

intelligence community partners with the criminal justice information they

need to protect the United States while preserving civil liberties.

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• Located in a half million square foot main facility on a 986-acre tract, the

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CJIS is the largest division in the FBI.

BLACK DIAMOND REALTY

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SURROUNDING AMENITIES

The aerial photo to the right captures the Cambridge Place Office Park

location in relation to surrounding retail, restaurants, hotels and office uses.

This location is within close proximity to many amenities which make the

site a desirable location for employees commuting to work and business

travelers and/or clients coming to the area. The businesses in the following

list coordinate with the locations on the aerial photo on the following page.

The immediate area boasts a wide variety of big box and specialty

retailers, local and national chain restaurants and hotels.

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Along I-79, there is a traffic count of 63,860 vehicles per day (WVDOH,

2014). Referenced with a yellow star, Cambridge Place Office Park is

positioned 0.5 mile from Route 50 and 0.7 mile from I-79, Exit 119.

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The Home Depot

WV Junior College

Ollie's Bargain Outlet

Gabriel's

Big Lots

Best Western Plus

Walgreens

Sleep Inn

Days Inn

Towne Place Suites by Marriott

SpringHill Suites by Marriott

Wendy's

Med Express

Panera Bread

Taco Bell

Sally Beauty, Rent-A-Center

Kroger

KFC

Starbucks

Long John Silver's

AC Moore

Tractor Supply

Texas Roadhouse

United States Postal Service

Primanti Brothers

Kohl's

Chic-fil-A

McDonald's

Denny's

Pier 1

Shoe Carnival, Tuscan Sun

Salon & Spa

Lowe's

Ruby Tuesday

Arby's

Applebee's

Staples, Ashley Home Store,

Party City, GameStop, Subway,

AT&T Store

Walmart Supercenter

Burger King

Hilton Garden Inn

bfs Gas Station, Tim Horton's

Star Furniture

ALDI

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BRIDGEPORT,

WEST VIRGINIA

Bridgeport, WV is conveniently located in North Central West Virginia, just two hours north of the state

capital, Charleston, WV and two hours south of Pittsburgh, PA. Bridgeport, WV is a growing and diverse

community and economic indicators project the city will continue to grow for decades to come. As more jobs

come to Bridgeport, local businesses and industry will thrive and population will continue to grow.

22 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV

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STATISTICS AND GROWTH

PROJECTIONS

68,714

TOTAL POPULATION

As of July 1, 2015, Harrison County had an estimated total population of 68,714. Bridgeport ranks in the

upper quartile of the Diversity Index when compared to the other cities, towns and Census Designated

Places (CDPs) in West Virginia.

230 JOBS

ADDED IN GOVERNMENT SECTOR

The government sector will expand in the region due to the presence of the FBI complex in

Bridgeport, which has announced that it will add more than 230 jobs in the next two years, as

well as other government agencies located along the I-79 high tech corridor.

OVERALL JOB

GROWTH

Harrison County reported the highest average income in the region at $44,600 per person, a number that

is expected to grow. Job growth is projected to reach 0.7% annually, higher than the state-wide average of 0.5%.

$76,000

MEDIAN HOUSEHOLD INCOME

Households in Bridgeport earn a median yearly income of $76,050 and 61.16% of the households

earn more than the national average each year reported by IncentivesMonitor.com

(2016).

462

BUSINESSES

Bridgeport has a total of 462 businesses. In 2016, the leading industries in Bridgeport were retail, rrofessional,

scientific and technical services, health care and social services, accommodation and food services.

BLACK DIAMOND REALTY

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View of Cambridge Place Facing East

24 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV

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View of Cambridge Place Facing North

View of Cambridge Place Facing Southeast

View of Cambridge Place Facing Southwest

BLACK DIAMOND REALTY

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CLICK HERE TO VIEW

CONFIDENTIALITY

AGREEMENT

Financials and other information

is available upon submission of a

Confidentially Agreement. Click

on the link above to obtain a CA

for this property. Please email

signed CA's to Murphy or David.

CONTACT

BLACK DIAMOND REALTY LLC

1399 Stewartstown Road, Suite 300

Morgantown, WV 26505

P. 304.413.4350 F. 304.599.3285

BlackDiamondRealty.net

Mark J. Nesselroad, Broker

mjnesselroad@blackdiamondrealty.net

David Lorenze, Principal

dlorenze@blackdiamondrealty.net

Murphy Holloway, Associate

mholloway@blackdiamondrealty.net

* All information is believed to be accurate

but not guaranteed. More information is

available upon request.