SELF STORAGEINVESTMENT OPPORTUNITY

Mark A Billingsley402-960-6026mark@hikerealestate.com

Rusty Hike402-320-2500rusty@hikerealestate.com

ABC Mobile, LLCABC Secure, LLC

1986 E Omaha AvenueNorfolk, Nebraska

List Price is $4,400,000.00

114 E 1 StreetPapillion, NE 68046

402-291-2500

TABLE OF CONTENTS

General Description of the Property and Businesses

General Demographics for Norfolk, Nebraska

Competitive Properties within Five Miles

Traffic Counts

Unit Mix for ABC Secure, LLC

Income Analysis

Listing Price Calculations

List of Personal Property and Inventory

Area Map

Property Map

Property Photos

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GENERAL DESCRIPTION OF THE PROPERTY AND THE BUSINESES

This property is used by two separate businesses; ABC Secure, LLC and ABC Mobile, LLC. The price includes thereal estate and both businesses along with a large amount of personal property and inventory. The mobile storagebusiness was established in 1998. The secured storage business was established in 2003. Both businesses arelocated on three tax lots in the same area. The property is located in Norfolk, Madison County, Nebraska.

ABC Secure, LLC is located on a 14.98 acre parcel of land. The property is visible from both US Highway 24 andUS Highway 275. There is access to the property from either US Highway 24 or US Highway 275. All the roadsleading up to the property are hard surfaced roads. The property is enclosed by an eight to ten foot chain link fence.This is a non-traditional storage facility. The property is comprised on 397 metal storage containers that aresecured to concrete slabs. They are neatly arranged, easily accessible and secure. The individual storagecontainers offer dry, secure and rodent free storage. This property operates in the same exact manner that atraditionally constructed self-storage facility would function. There are also 73 outside parking spaces for boats orrecreational vehicles. The property has an office located near the front gate that is 1,196 square feet. The office isa Class D/slab on grade construction with a composition shingle roof, hardboard siding and is temperaturecontrolled for warm or cold weather. The property has a security system. The property is serviced by a domesticwell and a septic tank. There is a combination of hard surface and gravel roads throughout the facility.

ABC Mobile, LLC is located on two tracts of land that comprise of 17.57 acres of land. The property is used as amobile storage container sales and rental facility. The road leading to this property is hard surfaced. This piece ofland is less than a block from ABC Secure, LLC. There is a truck shop located on the property that is 7,280 squarefeet. The building is a Class S metal clad construction. The building has five bays, four of which are rented for$3,000 per month; $36,000 annually on a triple net lease. The shop has radiant heat for cold temperatures. Thereare three storage sheds located on the property. The property is enclosed by a six to eight foot chain link fence.The property has a security system and is serviced by its own domestic well and septic tank. One bay of the truckshop is used by ABC Mobile, LLC. There are rock and gravel roads throughout the facility.

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Total population: 24,444 (Urban population: 23,487 (all inside urban clusters), Rural population: 52 (4 farm, 48 nonfarm))Houses: 10,628 (9,981 occupied: 6,002 owner occupied, 3,995 renter occupied)Housing density: 1,066 houses/condos per square mileMedian price asked for vacant for-sale houses and condos in 2016: $171,922.Median contract rent in 2016: $368 (lower quartile is $293, upper quartile is $459)Median rent asked for vacant for-rent units in 2016: $839Median gross rent in Norfolk in 2016: $438Housing units in Norfolk with a mortgage: 3,568 (110 second mortgage, 318 home equity loan, 11 both second mortgageand home equity loan)

% of Renters Here 40%State Percentage 35%

Houses without a mortgage: 2,438Median household income for houses/condos with a mortgage: $76,787Median household income for apartments without a mortgage: $49,569Median monthly housing costs: $710

GENERAL DEMOGRAPHICS – NORFOLK, NEBRASKA

General Housing Information:

Estimated median house or condo value in 2016:$132,891 (it was $81,300 in 2000)

Norfolk $132,891Nebraska $148,100

Lower value quartile - upper value quartile:$90,834 - $193,938

Median year house/condo built: 1971

Median year apartment built: 1975

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COMPETITIVE PROPERTIES WITHIN FIVE MILES

*ABC Mobile,LLCABC Secure,LLC1986 E Omaha Ave

1A-1 Storage812 S 13 Street402-844-4500

2Big Red Storage1014 Riverside Blvd402-316-0874

3Geno’s Shop421 Northwestern Ave402-379-1819

4Glenwood Mini Storage712 Glenwood Blvd402-379-1819

5KCM Mini Storage1307 Square Blvd402-371-7817

6Store Safe, Inc301 N 4 Street402-371-1797

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TRAFFIC COUNTS – NORFOLK, NEBRASKA

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Traffic Counts

Traffic Counts for the property are marked in green

0405

Size Area NumberOf Units

TotalArea

Vacant*1 Current*2

MonthlyRate

MonthRentCalculated

MonthActual*3

Annual*4

Calculated

8.5x48 408 113 46104 21 $100 $11,300 $9,780 $135,600

8x20 160 268 42880 34 $60 $16,080 $12,175 $192,960

8x40 320 16 5120 2 $100 $1,600 $1,400 $19,200

SurfaceParking

NA 73 NA 36 $40 $2,920 $1,065 $35,040

There are 397 Secured Storage Units; 94104 Square FeetThere are 73 Outside Surface Parking Spaces

UNIT MIX – ABC SECURE, LLC

*1 Vacancy on September 30, 2018*2 Current Monthly Rate is an Average*3 Actual Monthly Rental for the Month of September*4 Total Potential Income with Zero Vacancy

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20189 Months *

2017 2016 2015

Income – Secured $195,366.55 $237,888.52 $225,155.22 217,680.17

Gross Income $195,366.55 $237,888.52 $225,155.22 217,680.17

Total Expenses ($151,854.32) ($291,187.37) ($249,021.32) ($288,178.72)

Depreciation $35,753.41 $132,898.87 $111,706.23 $188,089.71

Interest $882.25 $883.66 $432.59 $1,134.80

EBIDA/Secured Storage $80,147.89 $80,483.68 $88,272.72 $118,725.96

*Income from January to September 2018Includes income for secured storage. Other income is shown on the ABC Mobile, LLC Income Analysis

Average for 3 Full Years of Operation - $95,827.46Plus: Current Lease with the Truck Shop - $36,000.00 Triple Net

INCOME ANALYSIS FOR ABC SECURE, LLC

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20189 Months *

2017 2016 2015

Income $737,734.79 $935,883.93 $848,047.22 $798,672.42

IncomeNon-Storage Income fromABC Secured, LLC

$120,176.28 $107,294.70 $65,029.31 $187,478.72

COGS ($371,524.59) ($372,813.88) ($429,170.74) ($519,474.70)

COGSFrom ABC Secured, LLC

($27,975.00) ($16,950.00) ($6,879.00) ($38,151.34)

Gross Income $458,411.48 $653,414.75 $477,026.79 $428,525.10

Total Expenses ($392,862.88) ($602,953.92) ($473,413.42) ($418,975.09)

Inventory Adjustment* $98,931.00 $175,000.00

Depreciation $74,903.84 $116,687.45 $65,297.19 $28,504.14

Donations $5,513.50 $6,020.00 $5,440.00 $4,580.00

Interest $40,745.20 74,713.33 $74,103.69 $56,102.54

Truck Shop ($29,000.00) ($27,000.00)

EBIDA/Mobile Storageand Other Income

$157,711.14 $220,881.61 $247,385.25 $273,736.69

INCOME ANALYSIS – ABC MOBILE, LLC(Include Non-Secured Storage Income from ABC Secure, LLC)

Average for 3 Full Years of Operation - $247,334.52

*Income from January to September 2018*Inventory Adjustment – COGS for 2015 and 2016 includes one time charges to adjust inventory to actual

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LISTING PRICE CALCULATIONS

INCOME APPROACH

Average Storage IncomeValue of Storage Facility(Capitalization Rate Used 8%)

Average Income Other Rental and SalesSales Inventory on Hand as of 09/30/18Value of all other Rental Income(Multiple of 6 X EBIDA + Inventory on Hand)

Annual Lease IncomeValue of the Rental Real Estate(Capitalization Rate Used 9%)

Additional Land - 10 AcresValue of Additional Expansion Property(Based on $0.35 Per Square Foot)

Calculated Value (Income Approach)

$ 95,827.46

$ 247,334.52$1,285,740.33

$ 36,000.00

$1,197,843.25

$2,769,747.45

$ 400,000.00

$ 152,460.00

$4,520,050.70

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ASSET APPROACH

Inventory for ABC Mobile, LLC 358 UnitsUnits used by ABC Secure, LLC 416 UnitsPersonal Property ABC Mobile LLCPersonal Property ABC Secure LLCAuto ShopOfficeLandBusiness Goodwill

Calculated Value (Asset Approach)

NO ADDITIONAL VALUE WAS ADDED FOR CONCRETE, SECURITY SYSTEM, FENCING

LISTING PRICE $4,400,000.00

$1,265,000.00$1,200,000.00$ 152,197.00$ 324,500.00$ 439,000.00$ 72,130.76$ 482,078.52$ 500,000.00

$4,434,906.28

LISTING PRICE CALCULATIONS

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Personal Property – ABC Secure, LLC

TV-140 With LoaderRed Yard Cart (Golf Cart)Dixie Chopper 3000 72” Diesel (Used)Dixie Chopper Magnum 2760 60” (New)Dixie Chopper Silver Eagle 2772 EFI 72” (New)Dixie Chopper Silver Eagle 2550 50” (New)Dixie Chopper Parts (New)Dixie Chopper Classic 3360 60” (Used)96” Western Snow Plow1993 Suburban 4 WDCAT 5000 Fork LiftSurveillance Cameras SetupArctic Snow Blade 12”Office Computer System2016 GMC Pickup2015 Chevrolet EquinoxS&W Lawn Mower TrailerAir Compressors

Personal Property – ABC Mobile, LLC

2002 9200 International Twin2007 9400 International Twin2006 8600 International Single2012 International Twin1995 Landoll 330 (red)2017 Landoll 330 (galvanized)2019 Landoll 330 (galvanized)2005 Landoll 435 (black tandem drop)Dump TruckShag TruckTrojan Loader1997 Chevrolet PickupBuffalo BladeCAT Fork Lift DPShop ToolsFuel Tanks

ABC Mobile, LLC Inventory

358 Mobile Storage Units(List to be provided upon request)

ABC Secure, LLC Inventory

397 Mobile Storage Units(Bolted to concrete slabs)

PERSONAL PROPERTY AND INVENTORY

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AREA MAP

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DISCLAIMER: This map in not intended for conveyances, nor is it a legal survey. The information is presented on a best-effort basis, and should not be relied uponFor making financial, survey, legal or other commitments.

PROPERTY MAP

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PROPERTY PHOTOS

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PROPERTY PHOTOS

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PROPERTY PHOTOS

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PROPERTY PHOTOS

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PROPERTY PHOTOS

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PROPERTY PHOTOS

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Mark Billingsley received his real estate license in 1991. He has lived in Sarpy County forover 50 years. His mother owned a real estate company and for most of his life he has beenexposed to the real estate industry. In 1993 he went to work for Young ManagementCompany. While he was with the company, they developed Western Hills in Papillion andother types of commercial developments in Nebraska. Mr. Billingsley also does bookkeepingand tax preparation for a large number of his clients. In addition, he is actively involved in hisChurch and also volunteers coaching youth football. His work with storage facilities brings anew perspective to the commercial department of Hike Real Estate.

Hike Real Estate is a group of community minded real estate agents knowledgeable andexperienced in Residential and Commercial Sales and Property Management. Customerservice is number one with us and our goal is to "Go the Extra Mile" for you so that you havea great customer experience. We pride ourselves in understanding the market and providingyou with the best resources available to reach your desired goals.

Our agents are active in the community, involved in local government, and serve onnumerous committees and organizations. Each of us brings special knowledge and variousareas of expertise to our team.

MARK A BILLINGSLEYAGENT114 E 1 StreetPapillion, NE 68046

mark@hike real estate.com402-960-6026

RUSTY HIKEBROKER114 E 1 StreetPapillion, NE 68046

rusty@hike real estate.com402-320-2500