INVESTOR OR USER OPPORTUNITY. 611 S. Palmetto Avenue, Ontario ±107,754 SF Industrial Building

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1 INVESTOR OR USER OPPORTUNITY 611 S. Palmetto Avenue, ±107,754 SF Industrial Building

2 INVESTOR OR USER OPPORTUNITY 611 S. Palmetto Avenue ±107,754 SF Industrial Building Table of Contents: Property Information Site Plan Floor Plans Property Features / Map / Photos Location Aerial Tenancy Market Overview For more information, please contact: RANDY LOCKHART Executive Managing Director CA RE License # rlockhart@ngkf.com STEVE SPRENGER Executive Managing Director CA RE License # ssprenger@ngkf.com

3 Property Overview

4 Site Plan INVESTOR OR USER OPPORTUNITY 611 S. Palmetto Avenue, ±107,754 SF Industrial Building Palmetto Avenue

5 Floor Plan 149 SF INVESTOR OR USER OPPORTUNITY 611 S. Palmetto Avenue, ±107,754 SF Industrial Building 1st Floor Office 10, 311 SF /4 2nd Floor 10,311 SF SF 351 SF 149 SF The information contained herein was obtained from sources believed reliable; however, Newmark Grubb Knight Frank makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice.

6 Property Features: ± 107,754 SF on 4.96 Acres ± 15,319 SF of Office space 4 Exterior Dock Loading Positions with Edge of Dock Levelers (installed in 2015) 9 Ground Level Loading Doors Sprinklered Warehouse Offices and Restrooms 1,600 Amp Power M-3 Heavy Industrial Zoned Skylights New Roof & New HVAC (installed in 2015) State Street Mission Blvd. 611 S. Palmetto Avenue Palmetto Avenue Built in 1989 Built in Exterior Docks

7 INVESTOR OR USER OPPORTUNITY Location Aerial 210 CLAREMONT UPLAND 611 S. Palmetto Avenue LA VERNE ±107,754 SF Industrial Building 10 State Street Holt Blvd. ONTARIO 10 For more information, please contact: RANDY LOCKHART Executive Managing Director CA RE License # POMONA 60 E. Mission Blvd. Central Avenue Mountain Avenue Mission Blvd. Euclid Avenue. STEVE SPRENGER Executive Managing Director CA RE License # CHINO Freeway On/Off Ramps The information contained herein was obtained from sources believed reliable; however, Newmark Grubb Knight Frank makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice.

8 Tenancy

9 INVESTOR OR USER OPPORTUNITY 611 S. Palmetto Avenue ±107,754 SF Industrial Building Tenant Overview Investment Highlights: Tenant: Korden, Inc. Lease Term: 5 Years Lease Expires: January 31, 2019 Current Rent: $34, NNN/MO. ($0.322 PSF/MO.) Annual Escalations: COLA (3% - 7%) About Tenant: Korden, Inc., is a Chinese owned manufacturer and distributor of retail displays. Korden, Inc. has occupied the building since the building was built in Korden, Inc. has expressed an interest to relocate prior to the lease expiration giving an investor ability to market the property at current market rents. The information contained herein was obtained from sources believed reliable; however, Newmark Grubb Knight Frank makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice.

10 Market Overview

11 Sale Comps INVESTOR OR USER OPPORTUNITY 611 S. Palmetto Avenue, ±107,754 SF Industrial Building PROPERTY ADDRESS SALE DATE / SQUARE FOOTAGE SALE PRICE / PRICE PSF YEAR BUILT 3375 DeForest Cir Mira Loma 10/27/ ,998 SF $10,800,000 $ Rochester Ave Rancho Cucamonga 12/03/ ,624 $13,027,500 $ Mission 71 West 1889 Mission Blvd Pomona 7/6/ ,000 $14,616,000 $ Mission 71 West 1937 Mission Blvd Pomona 7/6/ ,000 $11,918,000 $

12 INVESTOR OR USER OPPORTUNITY Lease Comps PROPERTY ADDRESS LEASE DATE / SQUARE FOOTAGE CONTRACT LEASE RATE PSF / NET EXP PSF / LEASE TERM YEAR BUILT ESCALATIONS 611 S. Palmetto Avenue 9041 Pittsburgh Ave Rancho Cucamonga 1/20/ ,331 SF $.40 NNN $ months % annual ±107,754 SF Industrial Building Catawba Ave Fontana 4545 Brooks Street Montclair 11/10/ ,750 9/4/ ,928 $.43 NNN $ 64 months $.45 NNN 12 months % annual 2015 N/A 1800 Archibald Ave 10/23/ ,000 $.54 MGRS $ months % annual 3951 Earlstone Street 2/24/ ,400 $.45 NNN $ months % annual 3550 Jurupa Street 2/22/ ,840 $.585 MGRS $ months % annual 5440 Francis Street 12/3/ ,000 $.39 NNN $ months 1989 $.01 annual White Birch Dr Rancho Cuamonga 11/4/ ,640 $.39 NNN $ months % annual 5505 Concours 12/22/ ,878 $.44 NNN $ months % annual

13 INVESTOR OR USER OPPORTUNITY 611 S. Palmetto Avenue ±107,754 SF Industrial Building Market Overview The Inland Empire is one of the strongest industrial markets not only in the U.S., but in the world. Evidence of this claim came in the fourth quarter of 2015 which marked the 25th straight quarter of net occupancy gains for the Inland Empire industrial market, as more than 3.0 million square feet was absorbed. The year closed with net absorption of 17.1 million square feet, a 38.6% increase from last year and the strongest annual showing of new tenant demand since Even as 15.6 million square feet of new industrial product was delivered to the Inland Empire throughout the year, tenants substantial appetite for space helped lower the vacancy rate to 3.9% at year-end 2015, compared with 4.6% at the same time last year. The overall weighted average asking rent finished the year at $0.45/SF, triple net, up 7.1% from the third quarter and up 15.4% year-over-year. $0.50 $0.45 $0.40 $0.35 $0.30 $ % 12.0% 9.0% 6.0% 3.0% 0.0% '01 '03 '05 '07 '09 '11 '13 '15 '17 Average Asking Rent (Price/SF, NNN) Vacancy (%) The information contained herein was obtained from sources believed reliable; however, Newmark Grubb Knight Frank makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice.

14 Market Overview INVESTOR OR USER OPPORTUNITY 611 S. Palmetto Avenue, ±107,754 SF Industrial Building Excellent Location - Located approximately two miles south of Interstate 10 and four miles west of LA/ International Airport, the property is situated in the western Inland Empire Industrial submarket, which is one of the fastest growing submarkets in the world. This submarket sits on the border of Los Angeles, San Bernardino and Riverside Counties, which are the western gateways to the United States Supply Chain industry. The project has immediate access to the Interstate 10 and 15 Freeways via North Mountain Avenue and West Mission Boulevard. Rental Growth - The Property has been 100% leased to the current Tenant since it was built in With vacancy falling and leasing activity on the rise, the market is experiencing substantial rental rate appreciation which is forecast to continue over the next several years. The current lease is at an under-market rent and will expire no later than January 2019 providing a rare opportunity to significantly increase the NOI in the near term. Popular Among Corporations Tenants are drawn to the Inland Empire West area because it offers newer, functional state-of-theart industrial product in close proximity to the Ports of Los Angeles and Long Beach. In addition, features convenient freeway access, a lower cost of living and an abundant labor pool. Due to these characteristics, several prestigious users have substantial operations in including Georgia Pacific, QVC, Pier 1 Imports, ULINE, UPS and 3M. For more information, please contact: RANDY LOCKHART Executive Managing Director CA RE License # rlockhart@ngkf.com STEVE SPRENGER Executive Managing Director CA RE License # ssprenger@ngkf.com

15 INVESTOR OR USER OPPORTUNITY 611 S. Palmetto Avenue ±107,754 SF Industrial Building For more information, please contact: RANDY LOCKHART Executive Managing Director CA RE License # STEVE SPRENGER Executive Managing Director CA RE License #

16 Industrial For Sale Available SF: 107,754 Total Building SF: 107,754 Address: 611 S Palmetto Ave,, CA Cross Streets: W Mission Blvd / S Palmetto Ave Free Standing Industrial Building Manufacturing Facility with 1,600 Amps of Power +/ 17,759 SF Two Story Office Space / Large Fenced Yard 4 Exterior Dock/Truck Positions & 9 Ground Level Doors West Inland Empire Location Between I 10 and 60 Freeways Price/SF:$98.66 Sale Price: $10,631,441 Taxes: Available SF: 107,754 Prop Lot Size: 217,107 SF / 4.98 AC Yard: Fncd/Pvd Zoning: M 3 Construction Type: Tilt up Const Status/Year Blt: EXIST / 1989 Sprinklered: Yes Ground Lvl Drs/Dim: 9 / Dock High/Dim: 4 / Clear Height: Heat/Cool: None Roof Type: Lam Glu WB A: 1,600 V: 277/480 Ø: 3 W: 4 Parking Spaces: 208 /Bldg Ratio: 1.9:1 Rail Service: No Specific Use: Mfg Listing Company: Newmark Grubb Knight Frank (909) Office SF / #: 17,759 / Restrooms: 11 Office Air: Yes Office Heat: Yes Finished Ofc Mezz: 7,448 SF Include In Available: Yes Unfinished Mezz: 3,863 SF Include In Available: Yes Possession: COE To Show: Call Agent Region:Inland Empire West Thomas Guide: 642 A2 APN#: Agents: Randy Lockhart (909) , Steve Sprenger (909) Property/Listing/Ste #: / Listing Date: 03/14/2016 FTCF: CB000N000S000 Notes: Buyer to verify all information; Built in 2 phases: 1989 & 1998 This information has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy. Industrial and Land Brochure Date: 03/15/2016 Page 1 of 2

17 Industrial Investment For Sale Available SF: 107,754 Total Building SF: 107,754 Address: 611 S Palmetto Ave,, CA Cross Streets: W Mission Blvd / S Palmetto Ave Value Add NNN Single Tenent Leased Investment Three Years Remaining on Lease Term Free Standing Drive Around Facility Truck Well and Ground Level Loading West Inland Empire Location Price/SF:$98.66 Sale Price: $10,631,440 Taxes: Available SF: 107,754 Cap Rate: Gross Income: Total Expenses: Net Oper. Income: $0 Prop Lot Size: 217,107 SF / 4.98 AC Yard: Fncd/Pvd Zoning: M 3 Construction Type: Tilt up Const Status/Year Blt: EXIST / 1989 Sprinklered: Yes Ground Lvl Drs/Dim: 9 / Dock High/Dim: 4 / Clear Height: Heat/Cool: None Roof Type: Lam Glu WB A: 1,600 V: 277/480 Ø: 3 W: 4 Parking Spaces: 208 /Bldg Ratio: 1.9:1 Rail Service: No Specific Use: Mfg Listing Company: Newmark Grubb Knight Frank (909) Office SF / #: 17,759 / Restrooms: 11 Office Air: Yes Office Heat: Yes Finished Ofc Mezz: 7,448 SF Include In Available: Yes Unfinished Mezz: 3,863 SF Include In Available: Yes Possession: COE To Show: Call Agent Region:Inland Empire West Thomas Guide: 642 A2 APN#: Agents: Randy Lockhart (909) , Steve Sprenger (909) Property/Listing/Ste #: / Listing Date: 03/14/2016 FTCF: CB000N000S000 Notes: Buyer to verify all information; Built in 2 phases: 1989 & 1998 This information has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy. Industrial and Land Brochure Date: 03/15/2016 Page 2 of 2