CLASS A INDUSTRIAL BUILDING TOTALING 240,000 SQ. F.

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1 CLASS A INDUSTRIAL BUILDING TOTALING 240,000 SQ. F.»» 100% NNN Leased to Quality Tenant, West Marine to October 3, 2021»» Centrally Located in Hollister, CA on the 101 Corridor between Santa Clara & Monterey Counties A NATIONAL PARTNERS INDUSTRIAL INVESTMENT OPPORTUNITY

2 THE OFFERING is pleased to offer a unique opportunity to acquire 2395 Bert Drive Hollister, CA, a Class A industrial building totaling 240,000 SF in Hollister, CA. The property is 100% NNN leased to West Marine, the largest specialty retailer of boating supplies and accessories, through October Built in 1995 as a build-to-suit (expanded in 2003), the concrete tilt-up building has attractive features including clearance, an ESFR sprinkler system and a 4-ply built up roof that was replaced in December of 2011 with a 20 year warranty from the manufacturer. The building offers ample parking, 27 dock high doors and 4 grade level loading doors. The property is one of the only existing Class A warehouse properties above 100,000 SF between the town of Salinas in Monterey County and south San Jose in Santa Clara County Bert Drive is located in the Hollister Business Park. Hollister is ideally located to serve as a manufacturing and distribution hub for all of California, due to its access to Interstate 5 and Highway 101, both main north-south arteries, and its proximity to the Bay Area logistics network. PROPERTY OVERVIEW Address 2395 Bert Drive, Hollister, CA Square Footage Land Size Office SF/% 240,000 SF 12.3 AC 12,272 SF / 5.1% 1st Floor Office - 6,136 SF incl. break room 2ndFloor Office - 6,136 SF (Partially improved - not included in lease) # of Buildings 1 Year Built 160,000 SF (constructed in 1995) ±80,000 SF (north addition - constructed in 2003) Clear Height Dock-High Doors 27 Occupancy 100% Tenant West Marine Lease Expiration October 3, 2021 Year 1 NOI ±$860,000 ASKING PRICE $14,750,000 PRICE PSF $61.46 CAP RATE 5.8% MARKET CAP RATE 10.1% NOI ±$860,000 EXECUTIVE SUMMARY ««1

3 CLASS A INDUSTRIAL BUILDING 2395 Bert Drive is a Class A Industrial Building totaling 240,000 SF on 12.3 acres. Built in 1995 and expanded in 2003, the building features an ESFR sprinkler system, clearance, a 120 truck court, concrete apron and skylights. Capital improvements include a 4-ply built up roof that was fully replaced in December 2011 with a 20 year manufacturer warranty. Ample car parking, 27 dock high doors and 4 grade level loading doorsand 120 truck courts make this an excellent distribution facility. The building contains 12,272 SF of office space on 2 floors, 6,136 SF on the first and 6,136 SF on the second floor. An opportunity to increase the rentable square footage is possible by including the 6,136 square feet of second floor office in a future lease Bert Drive is one of the only existing Class A warehouse properties above 100,000 square feet between the cities of Salinas and south San Jose. Increasing construction costs and land values have created barriers to new development. This provides an opportunity to purchase this property below replacement cost, which is estimated at $117 PSF. LONG-TERM OCCUPANCY TO QUALITY TENANT The building is 100% leased to West Marine to October 3, The property was a build-to-suit for West Marine, the largest specialty retailer of boating supplies and accessories. The Company has 299 company-operated stores located in 38 states, Puerto Rico and and an e-commerce website reaching domestic, international and professional customers. Net revenues for West Marine last year were $693 million, as reported by their parent company Monomoy Capital Partners. Following an extensive logistics study, West Marine reconfirmed their commitment to the area with their 10 year lease extension through With their corporate headquarters located approximately 28 miles away in Watsonville, the Hollister location has served as the vital West Coast distribution hub for the company for the past 24 years, while Spartanburg, SC is their east coast distribution hub. STABILIZED MARKET DYNAMICS The industrial base of Hollister is comprised of about 1.5 MSF of functional industrial product with another 500,000 SF of older nonfunctional cannery warehouses near the old city center. There is virtually zero vacancy for large blocks of warehouse space above 100,000 SF in the 101 Corridor between the town of Salinas in Monterey County and south San Jose in Santa Clara County. Industrial Vacancy in the Hollister / Gilroy Corridor is below 5%. Both the surrounding Silicon Valley warehouse market, MSF, and the Central Valley warehouse market, 96.2 MSF, finished 2017 on a very positive note. The rent is 45% below market, which provides investors with significant potential upside in NOI upon expiration. The building would be attractive to a user, which can garner a higher sales price in the future. 2 ««2395 Bert Drive Hollister, CA

4 STRATEGIC LOCATION The building is located directly adjacent to the business friendly Hollister Airport. Convenient access to Highway 101 & I-5, via Highway 156 and 25. Highway 101 offers direct access to Silicon Valley. ±28 miles north of Salinas, the largest industrial market in Monterey County 45 miles south of San Jose, the largest industrial market in Santa Clara County Located in the Hollister Business Park, with neighboring well-known companies like Peninsula Packaging and Rinchem. EXECUTIVE SUMMARY ««3

5 LOCAL MAP 2395 BERT DRIVE 4 ««2395 Bert Drive Hollister, CA

6 REGIONAL MAP INTERMODAL YARDS WEST MARINE HEADQUARTERS 2395 BERT DRIVE LOCATION HIGHLIGHTS ±1 miles to Hollister Airport ±11 miles to 101 via highway 156 ±36 miles to I-5 via highway 156 ±31 miles to Union Pacific Watsonville intermodal ±47 miles to Downtown San Jose ±49 miles to San Jose International Airport ±96 miles to the Port of Oakland EXECUTIVE SUMMARY ««5

7 SITE PLAN N 600 BERT DRIVE COMBUSTIBLE STORAGE ROOM 3-LEVEL SMALL PART/PICK MODULE 130 OVER SIZE PRODUCT STORAGE 240,000 SF Exp. 10/3/2021 OUTSIDE SERVICE WH REPAIR 270 PATIO BREAK ROOM REPAIR CENTER OFFICES 12,272 SF 2 FLOORS RECEIVING OFFICE RAMP 60 FENCE ««2395 Bert Drive Hollister, CA

8 NATIONAL PARTNERS WEST DARLA LONGO BARBARA PERRIER BRETT HARTZELL REBECCA PERLMUTTER FINKEL ERIC COX GINA CHRISTEN CAPITAL MARKETS EXPERTS BARBARA PERRIER Vice Chairman Lic REBECCA PERLMUTTER FINKEL, CFA Senior Vice President Lic DARLA LONGO Vice Chairman/Managing Director Lic BRETT HARTZELL Executive Vice President Lic ERIC COX Senior Associate Lic LOCAL MARKET EXPERT DEBT & STRUCTURED FINANCE BRIAN MATTEONI Senior Vice President Lic VAL ACHTEMEIER Executive Vice President GLOBAL INDUSTRIAL & LOGISTICS Jack Fraker NORTHEAST Michael D. Hines Brian Fiumara Brad Ruppel Lauren Dawicki SOUTHEAST Chris Riley Frank Fallon Trey Barry Jennifer Klingler SOUTH CENTRAL Randy Baird Jonathan Bryan Ryan Thornton Heather McClain NORTH CENTRAL Mike Caprile Ryan Bain Zach Graham WEST Darla Longo Barbara Perrier Rebecca Perlmutter Finkel Brett Hartzell Eric Cox Gina Christen DEBT & STRUCTURED FINANCE Val Achtemeier Scott Lewis Steve Roth Steve Kundert Offering integrated real estate capital markets solutions from strategy to execution delivered by a seamless national partnership 2018, Inc. The information contained in this document has been obtained from sources believed reliable. While, Inc. does not doubt its accuracy,, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. and the logo are service marks of, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.