5335 RIOPELLE ST., DETROIT MI E. KIRBY AVE., DETROIT MI

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1 5335 RIOPELLE ST., DETROIT MI E. KIRBY AVE., DETROIT MI ACRES OF LAND M4 Zoning 13,284 SF SINGLE STORY, PLUS ~4,420 SF BASEMENT SPACE INDUSTRIAL WAREHOUSE BUILDING For Information RK Land Holding, LLC

2 OVERVIEW 5335 Riopelle St., E. Kirby Ave., Detroit MI is located east of I-75, north of E. Warren Ave. and south of I-94, specifically on the southwest corner of Riopelle St. & E. Kirby Ave. ( Riopelle ). Riopelle is 1.18 acres and includes 13,284 SF of 1 st floor warehouse, office & industrial space, plus a ~4,420 SF of basement area. The Riopelle site provides multiple options, including industrial, warehouse, commercial services, food distribution & processing.

3 AERIAL The Riopelle site is idenified in red on the aerial below. The Riopelle site is less than a mile south of the I-94 & I-75 interchange and, although the Riopelle site is a manufacturing area, the Riopelle site is only 1.5 miles from Woodward Ave., Wayne State University and Detroit Cultural Center, making it convenient for industrial, commercial services & warehouse users desirous of a presence close to Midtown, Detroit CBD & major throughfares.

4 PICTURES OF RIOPELLE SITE

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7 PROPERTY SUMMARY Street Address Location Land Building Basement Occupancy Zoning Opportuninty Zone 5335 Riopelle St., Detroit MI E. Kirby Ave., Detroit MI Located at the northeast corner of Riopelle St. & E. Kirby Ave., 1 block east of Russell St acres of land (51,326 SF) 13,284 SF, plus basement area of 4,420 SF 4,420 SF Vacant M4 Riopelle is in an Opportunity Zone. The Tax Cut and Jobs Act of 2017 (TCJA) established a new economic development incentive, known as an Opportunity Zone. An Opportunity Zone is designed to incentivize long-term capital investments in designated low-income communities by providing investors with a deferral from recognizing federal capital gains tax and, in some circumstances, entirely exempting the gain derived from an investment in designated Opportunity Zones. Section 1400Z-2 of the Internal Revenue Code allows the temporary deferral of inclusion in gross income for certain gains realized to the extent that corresponding amounts are timely invested in a Qualified Opportunity Fund. The tax incentives include: i) Investors can defer tax on all prior capital gains reinvested in a Qualified Opportunity Fund until the earlier of the date on which the Opportunity Zone investment is disposed or December 31, 2026, ii) For capital gains reinvested in an Opportunity Fund, the basis is increased by 10% if the investment in the Opportunity Fund is held by the taxpayer for at least five years and by an additional 5% if held for at least seven years, thereby excluding up to 15% of the original gain from taxation, iii) If the investor holds the investment in the Qualified Opportunity Fund for at least ten years, the investor would be eligible for an increase in its basis equal to the fair market value of the investment on the date that it is sold. This means investors who hold up to 10 years would face no capital gains on their Opportunity Zone investments.

8 ALTA SURVEY

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10 FLOOR PLAN

11 ZONING M4 INDUSTRIAL DISTRICT Description: This district will permit uses which are usually objectionable and, therefore, the district is rarely, if ever, located adjacent to residential districts. A broad range of uses is permitted in this district. New residences are prohibited with the exception of loft conversions of existing buildings and of residential uses combined in structures with permitted commercial uses. These requirements are to protect residences from an undesirable environment and to ensure reservation of adequate areas for industrial development. Uses permitted by-right public, civic, and institutional uses (1) Armory (2) Electric transformer station (3) Fire or police station, post office, court house, and similar public building (4) Gas regulator station (5) Governmental service agency (6) Power or heating plant with fuel storage on site (7) Steam generating plant (8) Telephone exchange building (9) Water works, reservoir, pumping station, or filtration plant Uses permited by right retail, service, and commercial uses (1) Animal-grooming shop (2) Arcade (3) Art gallery (4) Assembly hall (5) Automated Teller Machine not accessory to another use on the same zoning lot, which is stand-alone (6) Bake shop, retail (7) Bank (8) Barber or beauty shop (9) Brewpub or microbrewery or small distillery, subject to Sec (4) (10) Business college or commercial trade school (11) Customer service center (12) Dry cleaning, laundry, or laundromat (13) Employee recruitment center (14) Financial services center (15) Food stamp distribution center (16) Go-cart track (17) Golf course, miniature (18) Kennel, commercial (19) Medical or dental clinic, physical therapy clinic, or massage therapy clinic (20) Mortuary or funeral home, including those containing a crematory (21) Motor vehicle filling station as provided for in Sec (2) of this Code (22) Motor vehicle services, minor (23) Motor vehicle washing and steam cleaning

12 (24) Motor vehicles, new or used, salesroom or sales lot (25) Motor vehicles, new, storage lot accessory to a salesroom or sales lot for new motor vehicles (26) Motorcycles, retail sales, rental or service (27) Nail salon (28) Office, business or professional (29) Parking lots or parking areas for operable private passenger vehicles (30) Parking structure (31) Pet shop (32) Pool or billiard hall (33) Printing or engraving shops (34) Private club, lodge, or similar use (35) Produce or food markets, wholesale (36) Radio or television station (37) Radio, television, or household appliance repair shop (38) Rebound tumbling center (39) Recording studio or photo studio or video studio, no assembly hall (40) Recreation, indoor commercial and health club (41) Rental hall or banquet hall (42) Restaurant, carry-out or fast-food with or without drive-up or drive-through facilities (43) Restaurant, standard (44) Retail sales and personal service in business and professional offices (45) School or studio of dance, gymnastics, music, art, or cooking (46) Secondhand stores and secondhand jewelry stores (47) Shoe repair shop (48) Stores of a generally recognized retail nature whose primary business is the sale of new merchandise (49) Tattoo and/or piercing parlor (50) Taxicab dispatch and/or storage facility (51) Theater and concert café, excluding drive-in theaters (52) Trailer coaches or boat sale or rental, open air display (53) Trailers, utility, or cement mixers, pneumatic-tired, sales, rental or service; moving truck/trailer rental lots (54) Veterinary clinic for small animals Uses permited by right manufacturing and industrial uses (1) Bailing of waste paper or rags (2) Blueprinting shop (3) Boiler repairing (4) Chemical materials blending or compounding but not involving chemicals manufacturing (5) Cold storage plant (6) Confection manufacture (7) Construction equipment, agricultural implements, and other heavy equipment repair or service (8) Containerized freight yard

13 (9) Contractor yard, landscape or construction (10) Dental products, surgical, or optical goods manufacture (11) Elevators, grain (12) Feed or grain mill (13) Food catering establishment (14) General: High/medium-impact manufacturing or processing as defined in Sec of this Code (15) General: High-impact manufacturing or processing as defined in Sec of this Code. (16) General: Low/medium-impact manufacturing or processing as defined in Sec of this Code (17) General: Low-impact manufacturing or processing as defined in Sec of this Code (18) Ice manufacture (19) Jewelry manufacture (20) Laundry, industrial (21) Lithographing and sign shops (22) Lumber yard (23) Machine shop (24) Newspaper, daily, publishing or printing (25) Outdoor operations of permitted land uses specified in the Manufacturing and Production use category, Sec of this Code, and as specified in the Warehouse and Freight Movement use category, Sec of this Code (26) Outdoor storage yards (27) Railroad transfer or storage tracks (28) Research or testing laboratory (29) Sewage disposal plant (30) Steel warehousing (31) Tank storage of bulk oil or gasoline (32) Toiletries or cosmetic manufacturing (33) Tool sharpening or grinding (34) Tool, die, and gauge manufacturing, small items (35) Trade services, general (36) Trucking terminals, transfer buildings, truck garages, recreational vehicle storage lots, and open areas for the parking of operable trucks (37) Vending machine commissary (38) Wearing apparel manufacturing (39) Welding shops (40) Wholesaling, warehousing, storage buildings, or public storage houses Uses permited by right other uses (1) Adult use/sexually oriented business, as provided in Sec of this Code (2) Aircraft landing areas for winged aircraft (3) Antennas as provided for in ARTICLE XII, DIVISION 3, Subdivision G of this Chapter. (4) Aquaculture as provided for in ARTICLE XII.DIVISION 3.Subdivision H of this Chapter

14 (5) Aquaponics as provided for in ARTICLE XII.DIVISION 3.Subdivision H of this Chapter (6) Boat or ship yard, construction, repair, maintenance, dry dock (7) Boat terminal, passenger (8) Docks, waterway shipping/freighters (9) Farmers market as defined in ARTICLE XVI.DIVISION 2.Subdivision G of this Chapter (10) Greenhouse as provided for in ARTICLE XII.DIVISION 3.Subdivision H of this Chapter (11) Hoophouse as provided for in ARTICLE XII.DIVISION 3.Subdivision H of this Chapter (12) Hydroponics as provided for in ARTICLE XII.DIVISION 3.Subdivision H of this Chapter (13) Marinas (14) Passenger transportation terminal (15) Railroad right-of-way, not including storage tracks, yards, or buildings (16) Signs as provided for in ARTICLE VI of this Chapter. (17) Telecommunications building, private ers Conditional residential uses (1) Lofts (2) Residential use combined in structures with permitted commercial uses Conditional public, civic, and institutional uses (1) Auditoriums, public (2) Library (3) Museum (4) Neighborhood center, nonprofit (5) Outdoor entertainment facility (6) Outdoor recreation facility (7) Race track, motor vehicle (8) Religious institution (9) Stadium or sports arena (10) Substance abuse service facility Conditional retail, service, and commercial uses (1) (Repealed) (2) Amusement park (3) Brewpub or microbrewery or small distillery, subject to Sec (4) (4) Cabaret (5) Dance hall, public (6) Drive-in theater (7) Establishment for the sale of beer or intoxicating liquor for consumption on the premises (8) Firearms dealership

15 (9) Firearms target practice range, indoor (10) Fireworks, sales (11) Motor vehicle filling station other than as provided for in Sec (2) of this Code (12) Motor vehicle services, major (13) Motor vehicles, used, storage lot accessory to a salesroom or sales lot for used motor vehicles (14) Outdoor commercial recreation, not otherwise specified (15) Pawnshop (16) Plasma donation center (17) (Repealed) (18) Specially designated distributor s (SDD) or specially designated merchant s (SDM) establishment Conditional manufacturing and industrial uses (1) Abattoir, slaughter house (2) Explosives storage (3) Garbage, offal, or dead animal reduction (4) General: Very high-impact manufacturing or processing as defined in Sec of this Code (5) Hazardous waste facility (6) Incinerator plant (7) Intermodal freight terminal (8) Junkyard (9) Outdoor operations of permitted land uses specified in the Manufacturing and Production use category, Sec of this Code, and as specified in the Warehouse and Freight Movement use category, Sec of this Code (10) (Repealed) (11) Radioactive waste handling (12) Recycling center (13) Rendering plant (14) Salt works (15) Scrap tire storage, processing, or recycling facility (16) Tires, used, sales and/or service (17) Towing service storage yard (18) Transfer station for garbage, refuse, or rubbish (19) Truck stop (20) Used auto parts sales (21) Waste/scrap materials: indoor storage, handling, transfer Conditional other uses (1) Ferry terminal (2) Heliports (3) Signs as provided for in ARTICLE VI of this Chapter (4) Urban farm as provided for in ARTICLE XII.DIVISION 3.Subdivision H of this Chapter

16 (5) Urban garden as provided for in ARTICLE XII.DIVISION 3.Subdivision H of this Chapter (6) Medical marihuana caregiver centers as provided for in ARTICLE III.DIVISION 12 of this Chapter

17 WCCJC LAND PARCEL OVERLAY The Riopelle site is located east of the future Wayne County Justice Complex, presently the Detroit Department of Transportation ( WCCJC ). The WCCJC will be home to Wayne County s court system; including, its county jail, juvenile detention facility, prosecutor s office and sheriff s office. The WCCJC is scheduled to be completed by The total development cost is approximately $533M. The WCCJC is scheduled to begin demolition & construction of the WCCJC in October A copy of WCCJC renderings is included herein. Presently, over 1,300 people, including jurors, attorneys and members of the public, pass through security at the current Wayne County Court on a daily basis, and those numbers are expected to increase at WCCJC, given the addition of the juvenile detention facility. WCCJC land parcel is in red and the Riopelle site is in yellow below.

18 WCCJC RENDERINGS New WCCJC rendering at the southwest corner of Rusell St. & Ferry St. Riopelle site (red shading above) is located 1 block south, directly across the courthouse plaza at Rusell St. & E. Kirby Ave. New WCCJC rendering of east building courthouse fascade facing Russell St. & E. Kirby Ave.

19 WCCJC rendering of courthouse plaza at Russell St. & E. Kirby Ave.