INVESTMENT SUMMARY 121,420 RSF 83.2% LEASED SINGLE-STORY OFFICE RICHARDSON, TEXAS

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1 INVESTMENT SUMMARY 121,420 RSF 83.2% LEASED SINGLE-STORY OFFICE RICHARDSON, TEXAS

2 Stream Realty Partners is pleased to present for sale 2703 Telecom Parkway (the Property ) on an exclusive basis to qualified investors. The opportunity consists of a single-story, suburban office building comprised of 121,420 square feet positioned across an 8.59-acre site in Richardson, Texas. Built in 1997, the Property is currently 83.2% leased to three tenants with a weighted average remaining lease term of 5.8 years. With a single 20,426 square-foot vacant suite remaining, 2703 Telecom Parkway provides significant upside potential at an attractive basis, as the Property can be purchased at a significant discount to replacement cost. PROPERTY DESCRIPTION ADDRESS: BUILDING SIZE: YEAR BUILT: 1997 STORIES: 1 PARKING RATIO: LEASED: 83.2% 2703 Telecom Parkway Richardson, Texas 121,420 rentable square feet 4.3:1,000 SF INVESTMENT HIGHLIGHTS NEAR-TERM UPSIDE POTENTIAL At 83.2% occupied, the Property provides substantial upside through lease-up and rolling existing tenant rents to market. All 3 existing tenants are paying rental rates below market, presenting immediate value creation through mark to market of rates and the lease up of the vacancy. DIVERSIFIED, CREDIT WORTHY TENANTS Diversified rent roll in terms of industry, lease expiration, and size. All three tenants have chosen 2703 Telecom Parkway as their primary office location for the DFW area. EXCEPTIONAL RICHARDSON LOCATION The Property is located in southeast Richardson, one of the hottest submarkets in DFW. The 2 million squarefoot State Farm Campus and CityLine development are just west of this location. In addition, a $2 billion data center developer, Edge Core Networks, just announced a major data center development project on approximately 30 acres of land due north of 2703 Telecom Parkway. FUNCTIONAL, MULTI-TENANT DESIGN The building is currently configured as a single-story office building, that offers a 4.3:1,000 SF parking ratio, but could also function as a flex building. WEIGHTED AVERAGE REMAINING LEASE TERM: SITE SIZE: 5.8 years 8.59 acres DISCOUNT TO REPLACEMENT The likely sale price of the Property will be at a significant discount to replacement cost, estimated to be over $18,000,000. SURROUNDING DEVELOPMENTS In addition to the Edge Core Networks development announcement, the immediate area is also seeing medical office, hospital, multi-family, industrial, office condo and other data center development. 2

3 E RENNER RD N JUPITER RD SHILOH RD RESEARCH DR TELECOM PKWY BRECKENRIDGE BLVD NORTH STAR RD FLOWER MOUND 35E 121 PLANO 75 LOOKOUT DR W CAMPBELL RD W KELLER 377 N GARLAND AVE GRAPEVINE 121 DFW Int l Addison CARROLLTON 635 ADDISON 75 RICHARDSON 190 GARLAND SAGINAW Fort Worth Mecham Int l IRVING Dallas Love Field 35E UNIVERSITY PARK HIGHLAND PARK FORT WORTH ARLINGTON 360 GRAND PRAIRIE 30 DALLAS MESQUITE 20 35W

4 AERIAL MAP 15+ RESTAURANTS RENN ER RD BREC KINR IDGE FUTURE OFFICE CONDO DEVELOPMENT MEDICAL OFFICE BUILDING LO OK FUTURE INDUSTRIAL DEVELOPMENT Y OU BLVD KW MP ECO TD TEL R SUBSTATION D LR EL PB FUTURE DATA CENTER M CA 4

5 PROPERTY AGE: Years Old LAND AREA: 8.59 Acres 374,180 Square Fee BUILDING AREA: 121,420 Square Feet FIRE SPRINKLERS: Yes FOUNDATION: Reinforced-Concrete Slab BUILDING STRUCTURE: Concrete Tilt-Wall ROOF AGE / TYPE: Original Built Up Tar & Gravel 335 FLOOR COVERINGS: Carpet, Tiles, Treated Concrete - Varies Suite to Suite HVAC SYSTEM / % CLIMATED CONTROLEED: HVAC UNIT COUNT: Roof Top Units & Split Systems 100% of Space Under HVAC 53 VACANT 20,426 SF Suite 100 PARKING SPOTS / RATIO: Space / 1,000 SF WATER/SEWER: City of Richardson OFFICE LIGHTING Varies Suite to Suite ZONING: I-M (1) 5

6 Typical Store Front Tenant Electrical Room Tenant Training Room Tenant Break Room Tenant Fitness Room Tenant Office Area Building Elevation 6

7 Tenant Store Front Tenant Reception Area Tenant Break Room Tenant Office Area Tenant Executive Conference Room Tenant Fitness Room Tenant Break Room Building Rear / Service Area INVESTMENT SALES TEAM: JAMIE JENNINGS Managing Director jjennings@streamrealty.com ANDREW RABINOVICH Senior Financial Analyst andrew.rabinovich@streamrealty.com MARKET EXPERT: TIM TERRELL Executive Vice President & Partner tterrell@streamrealty.com 7