PREMIER DEVELOPMENT LAND (For Sale or Lease)

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1 An opportunity to acquire 110 Acres of business park land on a proposed freeway offramp. This prime development site located across from the Southern California Logistics Airport (SCLA) with the 2nd longest runway in North America has several factors making this project a desirable strategic asset that will appreciate well into the future. AIR EXPRESSWAY PHANTOM WEST EMERALD ROAD

2 PREMIER DEVELOPMENT LAND CONCEPTUAL PLAN Hotel Center - 7 Acres - $6.00 / psft 2 Hotel sites 2 restaurant pads 1 convenience store pad 484 parking spaces AIR EXPRESSWAY Proposed E-220 Freeway On / Off Ramp TRAVEL CENTER RETAIL PROPOSED EMERALD ROAD EMERALD ROAD INDUSTRIAL PARK HOTEL Retail Center Acres - $5.00 / psft Multi Tenant Big Box Center 391,000 SF to include 4 restaurant / fast food pads 1 bank / financial pad Office Campus 78,000 SF 2,484 parking spaces total Travel Center - 32 Acres - $4.00 / psft Freeway Off Ramp Gas Station pads Major Truck stop INDUSTRIAL PARK Industrial Park Acres - $3.00 / psft 45 Lots ranging from 0.27 acres to 0.93 acres OFFICE

3 PROPERTY INFORMATION APN # S LAND SIZE , , , , Six Parcels Consisting of ±110 Acres ±75 Acres Net ±32 Acres Proposed Freeway On/Off Ramp *Buyer to verify acreage CALTRANS - ±35 acres will be dedicated to the construction of the proposed E-220 interchange. This will result in Emerald road bisecting the property providing access from Rancho Road to the south. This is the primary east-west street that gives access to 4 industrial parks that have over 3 Million SF of buildings and a day time employment of over 3,000 people. AIR EXPRESS WAY ZONING TOPOGRAPHY MUNICIPALITY VISIBILITY UTILITIES FEATURES PRICE BP - Business Park - Click to View Zoning Map Gentle Sloping Adelanto Located at the entrance of SCLA on Air Expressway On site - (Sewer / Water) East Boundary of Property - City of Victorville Lot Size- ±1,740 ft x 2,640 ft $4.20 / psft or $20,124, EMERALD ROAD PROPOSED EMERALD ROAD

4 PROPERTY HIGHLIGHTS Six Parcels Consisting of ±110 Gross Acres ±75 Acres of Net Developable Land ±32 Acres of Gross Land for Proposed High Desert Corridor E-220 Freeway Off Ramp Business Park Zoning Substantial Industrial area over 1 Million SF in development nearby Proposed Retail / Commercial Center 500,000 SF Surrounded by a Proposed 7 Million SF Distribution / Logistics center All Utilities to Site (Buyer to Verify) Main off ramp and access point for SCLA and its 2,200 employees

5 LOGISTICS / DISTRIBUTION CENTER PLANNED AIR EXPRESSWAY The site is surrounded by a massive 395 acre assemblage of land owned by a leading Industrial developer. The site can accommodate over 7 million square feet of Industrial warehouse, logistics and distribution space. Proposed Logistics Center Acres 110 Acres Timing is unknown as to the development of this project.

6 FUTURE FREEWAY OFF RAMP PLANNED ON The High Desert Corridor (E-220) is a vital east / west trucking and logistics freeway linking the greater Los Angeles basin with the High Desert. ALTERNATIVE OFF RAMP June 2016, the Final EIS / EIR has been approved. The 63-mile multi-modal link between Apple Valley, Victorville, Adelanto and Palmdale. will address current and future regional growth, bolster east-west mobility and improve connections between regional airports and increase efficiency in the movement of goods. The right of way agents will begin acquiring land in spring 2018, paving the way for this $8 Billion Dollar infrastructure project.

7 Subject site is located directly across the street the Southern California Logistics Airport (SCLA), which is offers a variety of warehouse and distribution facilities, ranging from 3,500 square feet to over 1 million square feet. The 2,500-acre industrial complex is entitled for 60 million square feet of diverse development. To date, roughly 3 million square feet has been developed at SCLA and over 3,000 jobs have been created in the region. SCLA is a part of the Global Access master plan and the city of Victorville s public/private partnership with Stirling Capital Investments. Major tenants include Fed EX, Boeing, Dr Pepper Snapple Group, Goodyear Tire, Newell Rubbermaid, Plastipack, Red Bull and Mars Inc. SCLA features a proposed rail connection, international air cargo facilities and hangars, corporate office campuses, biomedical and technology centers, aviation maintenance facilities, an executive jet travel/business center and recreational amenities. A proposed 8,500-acre multimodal freight transportation hub is supported by extensive air, ground and rail connections. It includes a 2,500- acre cargo and aviation facility; the Southern California Logistics Centre, a 2,500-acre commercial and industrial complex entitled for 60 million square feet of development; and the proposed Southern California Rail Complex, which will be a 3,500-acre intermodal complex featuring rail-served facilities.

8 The City of Adelanto recently approved a progressive approach to stimulating financial growth in the city: the permitted use of Medical Marijuana Cultivation. The measure allows use in ( MI- Manufacturing / Industrial, LM- Light Manufacturing & ADD - Airport Development District), specified industrial zones recently increased to about 2,000 Acres. Improved properties and vacant land in the designated area have been selling quickly boosting the city s economy. Approximately 4 Million Sq. Ft. of industrial buildings are in construction for this use. The surge in industrial development will create more jobs, of which the City of Adelanto has requested that half of those employees be Adelanto residents. This will ultimately drive more people to relocate to the city, thus increasing demand for new homes and ancillary services.

9 SUBSTANTIAL POPULATION GROWTH EXPECTED Adelanto The population of Southern California is greater than 22 million; and it is increasing at approximately 200,000 per year. Over the last year the employment growth rate for the Inland Empire was substantially higher than Texas. Most of this population and population growth has historically been within the Los Angeles Basin. Land for Single Family development in the Los Angeles Basin is becoming scarce and very expensive. Within the next decade, the High Desert, which includes Apple Valley, Victorville, Adelanto, Hesperia and Palmdale, is expected to provide much of the affordable land for Single Family development in Southern California.