R.L. Drake Company

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THE GEM REAL ESTATE GROUP, INC. For Sale
Investment Industrial Property

• R.L. Drake Company
• 230 Industrial Drive
• Franklin, Warren County, Ohio

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R.L. Drake Company
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Property Location Map
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Property Overview

• Building Area 89,612 Sqft.
•  
• Year Built 1977/84
•  
• Construction Brick/Block
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• Roof Flat Rubber and build-up
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• Ceiling Height 12-18-20 in Plant
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• Docks/OH Doors
• Dock Doors 2 -10 Docks Doors/3 -10
• Drive-in Doors 2 -12 Drive-in Overhead Doors
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• Mechanicals
• HVAC 100 Climate Controlled (except for
  ship/rec area)
• Sprinkler 100
• Power 3 Phase

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Investment Overview

• OFFERING
• The Gem Real Estate Group, Inc. is pleased to
  present the following investment opportunity to
  acquire the R.L. Drake Company Property, a single
  (1) level, Office and light assemblage/warehouse
  facility, located in the Jaygee Industrial Park,
  Franklin, Warren County, Ohio. The R.L. Drake
  Company Property is an 89,612 gross sqft. singe
  tenant office, assemblage and warehouse
  building, constructed of a fire resistant frame
  and brick and block walls. Located at 230
  Industrial Drive, Franklin, Ohio, the property is
  located less at the interchange of Interstate 75
  and State Route 123, approximately 35 miles north
  of the Cincinnati CBD and 20 miles south of the
  Dayton CBD.
• The R.L. Drake Company Property is the home of
  R.L. Drake Company, which occupies 100 of the
  building.
• II. INVESTMENT SUMMARY
• 1. Asking Price 2,500,000
• 2. Rentable Area (Sqft.) 89,612 Sqft.
• 3. Asking Price/Sqft. 27.90/Sqft.
• 4. Year Built/Renovated 1977/1984
• 5. Occupied 100
• 6. Lease Term 6 years, 1-5 yr. Option
• Tenants Summary
• Tenants Leased Area
  Rent/Sqft./Yr. Years Lease Type

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Lease Summary

• Project Name R.L. Drake Co.
• Address 230 Industrial Drive
• City/County/State Franklin, Warren, OH
• Lessee R.L. Drake Company
• Area S.F. 89,612
• Year Built 1977/84
• Rental Analysis
• Commence 11/12/77
• Expiration 11/13/2012
• Number Of Options 1 5 year
• Current Yearly Rent 224,183
• Current Yearly Rent S.F. 2.50
• Escalation 11/14/2007 - 11/13/07 -
  246,601.32/yr.
• Optional Rent 11/14/2012 - 11/13/2017 -
  271,261.45/yr.
• Lease Type Triple Net

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R.L. Drake Company Overview

• Drake has been a manufacturer of electronic
  communications equipment since 1943. Drake
  produces products and solutions for cable
  television systems, ADA assistive listening,
  video signal distribution, and digital television
  reception. Drake and Dracom brand products are
  utilized and available worldwide.
• The R.L. Drake Company is a privately held
  company located in Franklin, Ohio. The company
  was founded in 1943 by Robert L. Drake, a young
  engineer with a significant background in radio
  design for major industry concerns. The company
  began as a manufacturer of low pass and high pass
  filters for the government and amateur radio
  market. After World War II, the company applied
  its engineering expertise to the consumer market
  and started producing amateur or "ham" radio
  transmitters and receivers.
• The preferred product of many amateur radio buffs
  and celebrities, the company's amateur products
  soon became known as the "Cadillacs" of the ham
  radio field. Many of the Drake receivers,
  transmitters, and transceivers manufactured in
  the fifties, sixties, and seventies are still in
  active use today. Several of the products, built
  in "limited" quantities, are considered very
  "rare". Collectors and Drake aficionados will
  often pay twice the original market price to add
  such an item to their "Ham Shack".
• Drake continued to search for new areas to apply
  its engineering expertise, even as they expanded
  their product line with marine radios and other
  reception hardware. In 1981, Drake investigated
  the then semi-hobbyist field of home satellite
  reception equipment. Drake engineers, under the
  leadership of founder's son Peter Drake,
  completed a prototype satellite receiver in just
  four months.
• The demand for satellite receivers in the 1980's
  was overwhelming, convincing Drake to concentrate
  primarily on the development and manufacture of
  satellite communications equipment. This
  development led to the manufacture of commercial
  satellite receivers and distribution equipment,
  as well as reception equipment for the
  international marketplace.
• In 1997 Drake brought its expertise in the RF
  communications field to the assistive listening
  market. The transmitter/personal receiver system
  was put into production to help the hearing
  impaired participate in venues where traditional
  hearing aids amplify all sounds, causing
  distortion or reverberation of the source audio.

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R.L. Drake Company Overview

• In 1998 Drake introduced video modulators in
  miniature. Having produced 19 inch rack equipment
  for the CATV industry for several years, Drake
  sensed the need for smaller equipment, as cable
  "head-ends" are typically remote buildings where
  space is a commodity. The VMM-600, one of the
  video mini-modulators, is a high quality fixed
  channel heterodyne audio/video modulator that
  allows one to twelve units to be mounted in the
  same amount of rack space required by two
  standard size units.
• In 2001, Drake took the mini-modular system one
  step further and introduced a complete line of
  digital head-end products. The mini-modular
  approach offers the ability to QAM modulate
  digital signals onto a cable system using MPEG
  video, QPSK satellite signals, or off-air ATSC
  transmissions. Mini-modules are offered that can
  translate off-air ATSC signals to cable in either
  ATSC or QAM format.
• 2002, marked the introduction of the SCT860
  transcoder . The SCT860, satellite to cable
  transcoder, places the digital satellite
  receiver, QAM remodulator, and channel
  upconverter in a single convenient modular
  package for QAM delivery of HITS-QT or DISH
  Network programming. An RS232 data connection
  allows the entire system to be remotely
  controlled by a personal computer.
• In 2004, several new and innovative products were
  added to the digital transcoder product line. The
  DQT860 provides a means of multiplexing two off
  air 8VSB signals or QAM signals into a single
  CATV channel for a CATV system. The MQM860 will
  multiplex two ATSC ASI transport streams in the
  same manner as the DQT860. The QQP860 is
  essentially a single input DQT860 and is used for
  DOCSIS data applications where no change in data
  rate or timing is desired.
• In 2005, the SCT860 digital transcoder was
  expanded to the SCT1860, SCT2860, SCT3860,
  SCT4860. These four models allow transcoding of
  QPSK or 8PSK satellite signals, from 16 QAM to
  1024 QAM output.
• Presently, Drake manufactures a wide range of
  video distribution equipment and cable television
  equipment in both the standard rack size and the
  mini-modules. Drake also builds complete CATV
  head-ends, equipment racks of digital and analog
  equipment cabled, and tested, ready to connect to
  a power source and a satellite signal.
• The assistive listening systems for consumer and
  commercial markets are also manufactured at the
  Franklin, Ohio plant. Drake products are
  manufactured not only for US markets, but for
  global markets as well.
• Sales and Manufacturing Facilities
• The company's main manufacturing facility is
  located in Franklin, Ohio in a modern brick
  structure just under 100,000 square feet. Drake's
  vertically integrated manufacturing facility
  produces Drake equipment under one roof. Very
  little outside contract work is performed so
  products can be monitored to meet Drake standards
  of excellence. Drake also has a sales, service,
  and distribution facility in Peterborough,
  Canada.