Lufkin Industries Texas Portfolio

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1 11050 W Little York, Buildings P&S Houston, TX Lufkin Industries Texas Portfolio 1120 Marvin A Smith Industrial Drive Kilgore, TX

2 Investment Summary JLL is pleased to offer investors the opportunity to acquire three 100% leased single-tenant Houston and Kilgore industrial assets (the Properties ) totaling 58,353 square feet. The Properties are located at W Little York Road, Buildings P&S in Houston, Texas, and 1120 Marvin A Smith Industrial Drive in Kilgore, Texas. The offering provides an opportunity for investors to acquire together or separately three single-tenant assets boasting strong in-place income streams leased to a subsidiary of Baker Hughes, a GE Company. The Offering W Little York - Building P sits on 1.6 acres and totals 22,851 square feet. The property has 65.6% office buildout with the warehouse featuring a 24 clear height W Little York - Building S sits on 1.4 acres and totals 27,876 square feet. The property has 9.7% office buildout with the warehouse featuring a 24 clear height Marvin A Smith Industrial Drive sits on 2.2 acres and totals 7,626 square feet. The property has 5.0% office buildout with the warehouse featuring a 22 clear height. All three facilities are 100% leased to Lufkin Industries, a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears. Lufkin industries is a subsidiary of Baker Hughes, a GE company. Lufkin industries has subleased all three facilities to APS Building Services (Little York building P), Gulf Coast Conversions (Little York building S) and Genesis Endeavors (Kilgore). All three assets give investors the opportunity to invest in quality, functional assets that are in high demand at strong going in yields north of 9% on the Houston assets and 12% on the Kilgore asset.

3 West Little York - Houston : Investment Highlights Address Investment Summary W Little York - Building P Houston, Texas W Little York - Building S Houston, Texas Tenant Lufkin Industries, Inc. Lufkin Industries, Inc. Subtenant APS Building Services, Inc. Gulf Coast Conversions, LLC Building Size 22,851 SF 27,876 SF Parcel Size 1.6 AC 1.4 AC Year Built Annual Rent / PSF $252,494 / $11.05 (current rate) $252,494 / $9.06 (current rate) Lease Structure NNN NNN Remaining Lease Term 5.3 years (9/30/2023 expiration date) 5.3 years (9/30/2023 expiration date) Clear Height Office Buildout 65.6% 9.7% Rental Increases CPI Annual Increase (1.76% average since lease was executed) CPI Annual Increase (1.76% average since lease was executed) Property Summary Cap rate 9% plus on year 1 NOI for both assets Well-located in Northwest Houston submarket High demand for light industrial/flex product type in the Houston area Positive trends within the oil and gas industry, leading to further usage of similar building types Functional asset for multiple uses Potential exit premium to an owner-user Lack of similar product under construction Fenced and secured yard for both assets Located minutes from junction of Beltway 8 and Hwy 290

4 Kilgore/East Texas : Investment Highlights Investment Summary Address 1120 Marvin A Smith Industrial Drive Kilgore, Texas Tenant Lufkin Industries, Inc. Subtenant Genesis Endeavors, LLC Building Size 7,626 SF Parcel Size 2.2 AC Year Built 2008 Annual Rent / PSF $112,220 / $14.72 (current rate) Lease Structure NNN Remaining Lease Term 5.3 years (9/30/2023 expiration date) Clear Height 22 Office Buildout 5.0% Rental Increases CPI Annual Increase (1.76% average since lease was executed) Property Summary Cap rate 12% plus on year 1 NOI for both assets High demand for light industrial/flex product type in the Kilgore region Positive trends within the oil and gas industry, leading to further usage of similar building types Functional asset for multiple uses Potential purchase interest from an owner-user Lack of similar product under construction Fenced and secured yard Located minutes from Interstate 20 Easy access to Longview, TX and Tyler, TX labor pools

5 For More Information: Zane Marcell Vice President Grant Matthews Associate Dustin Volz Executive Vice President Drew Baccich Analyst For Debt / Equity Information: Jimmy Board Managing Director jimmy.board@am.jll.com Local Market Expert: Jarrett Venghaus, SIOR Executive Vice President jarrett.venghaus@am.jll.com