CMA Detail Report Southcenter South Industrial Park Cascade Ave S Tukwila WA King County Sale Price: $ 101,583,032

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1 Southcenter South Park Cascade Ave S Tukwila WA King County Sale Price: $ 101,583,032 $/SF: $ Date Sold: 12/21/2016 Research Confirmed: No - 01/04/2017 Eight warehouses on acres in the Southcenter South Park. Total Building SQFT: 704,058 Total Building NRA: 701,267 Year Built: 1976 Year Renovated: 1999 Total Office SQFT: 75,254 Total SQFT: 626,013 Total Lot SQFT: 1,593,746 Total Acres: Number of Buildings: 8 Document Number: Sale Price: $ 101,583,032 $/SF: $ $/Land SF: $ Document Number: Price: $ 67,277,550 LIT Limited Parnership Lion Trust et al 1717 McKinney Ave #1900 Dallas TX Buyer & Parcel: Additional Parcel(s) Market Area: Map / Grid: Property Type: Office Type: Office Class: Park Name: Total Parking: , , , , , , (Investment) Kent 685 / H1 Southcenter South Park B C/LI Excise Tax: $ 1,808,183 CPF Kent Valley, LLC 2321 Rosecrans Ave #4425 El Segundo CA portoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 1 of 36

2 Notes: The buyer also purchased three buildings on four parcels in the Greenriver Corporate Park on 12/21/2016; same seller. Each sale has their own Excise Tax Affidavit but share one common Special Warranty Deed. The Deed is stamped with each sale price. This transaction was a multi-parcel sale. Parcel # is a 2.98 acre lot with a 65,718 sf warehouse. Parcel # is a 3.98 acre lot with a 75,122 sf warehouse. Parcel # is a 4.56 acre lot with a 90,623 sf warehouse. Parcel # is a 4.38 acre lot with a 66,287 sf warehouse. Parcel is a 4.69 acre lot with an 80,641 sf warehouse. Parcel # is a 6.55 acre lot with a 136,562 sf warehouse. Parcel # is a 4.79 acre lot with a 103,200 sf. Parcel # is a 4.67 acre lot with an 85,905 sf warehouse. These parcels are zoned Commercial/ Light, City of Tukwila. Page 2 of 36

3 Gateway Corporate - Buildings 1-6 & 8, Gateway Dr S Tukwila WA King County Sale Price: $ 78,000,000 $/SF: $ Date Sold: 12/27/2016 Research Confirmed: No - 01/12/2017 Eight industrial/office buildings on acres in the Gateway Corporate Center. Total Building SQFT: 376,613 Total Building NRA: 374,139 Year Built: 1987 Year Renovated: 1998 Total Office SQFT: 208,892 Total SQFT: 165,247 Total Lot SQFT: 1,153,298 Total Acres: Number of Buildings: 8 Document Number: Sale Price: $ 78,000,000 $/SF: $ $/Land SF: $ Document Number: Price: $ 73,000,000 Boeing Employees' Credit Union Gateway Dr Tukwila WA Buyer & Parcel: Additional Parcel(s) Market Area: Map / Grid: Property Type: Office Type: Office Class: Park Name: Total Parking: , , , , , , (Investment) Tukwila 655 / F1 Multi-Tenant Gateway Corporate Center C/Li Excise Tax: $ 1,388,405 RREEF America REIT II Corp MMMM7 222 S Riverside Plaza Chicago IL Page 3 of 36

4 Notes: This transaction was a multi-parcel sale. Parcel # is a 4.02 acre lot with a 51,755 sf building. Parcel # is a 4.40 acre lot with a 70,555 sf building. Parcel # is a 3.80 acre lot with a 37,622 sf building. Parcel # is a 2.58 acre lot with a 42,862 sf building. Parcel # is a 2.59 acre lot with a 45,853 sf building. Parcel # is a 2.65 acre lot with a 41,850 sf building. Parcel # is a 4.69 acre lot with a 68,921 sf building. Parcel # is a 1.74 acre lot with a 17,200 sf building. These parcels are zoned Commercial/ Light, City of Tukwila. Page 4 of 36

5 Des Moines Creek Business Park 1A,1B,1C S 208th St Des Moines WA King County Sale Price: $ 46,500,000 $/SF: $ Date Sold: 12/15/2016 Research Confirmed: No - 01/17/2017 Total Building SQFT: 551,988 Total Building NRA: 551,988 Year Built: 2016 Year Renovated: Number of Floors: 2 Total Office SQFT: 24,819 Total SQFT: 527,169 Total Lot SQFT: 1,476,216 Total Acres: Number of Buildings: 3 Document Number: Sale Price: $ 46,500,000 $/SF: $ $/Land SF: $ Conditions of Sale: Document Number: Price: Excise Tax paid for improvements only, ground lease. CAVA Des Moines Ind LaSalle Investment Management 333 West Wacker Dr Chicago IL Buyer & Des Moines Creek Business Park Buildings 1A, 1B, 1C and Tracts A & Z. Short Plat # Parcel: Additional Parcel(s) , , , Sea Tac / Des Moines Creek Business Park Notes: This transaction was a multi-parcel sale. Parcel # is an 8.34 acre lot with a 161,612 sf warehouse (1A). Parcel # is a 7.05 acre lot with a 144,856 sf warehouse (1B). Parcel # is a 9.98 acre lot with a 245,520 sf warehouse (1C). Parcel # is Tract Z, a 4.02 acre lot. Parcel # is Tract A, a 4.50 acre lot. These parcels are zoned Business Park, City of Tukwila. B-P Excise Tax: $ 827,705 Des Moines Creek Business Park Ph Dent Way #350 Seattle WA Page 5 of 36

6 Springbrook S 188th St Kent WA King County Sale Price: $ 40,302,315 $/SF: $ Date Sold: 11/18/2016 Research Confirmed: No - 11/22/2016 A distribution warehouse, a cold storage warehouse, a service garage, and a transit warehouse on acres in Kent. Total Building SQFT: 365,040 Total Building NRA: 365,040 Year Built: 1965 Year Renovated: 1990 Total Office SQFT: 13,740 Total SQFT: 351,300 Total Lot SQFT: 828,318 Total Acres: Number of Buildings: 4 Document Number: Sale Price: $ 40,302,315 $/SF: $ $/Land SF: $ Document Number: Price: $ 22,000,000 BPP Pacific WA REIT Owner 2, LLC Blackstone Group 345 Park Ave, 10th Flr New York NY Buyer & Parcel: Kent 685 / J2 Springbrook 188 (Investment) Notes: There are four buildings on this acre lot: a 278,186 sf distribution warehouse, a 3,752 sf service garage,; a 36,062 sf cold storage facility, and a 47,040 sf transit warehouse. This parcel is zoned Limited District, City of Kent. M2 Excise Tax: $ 717,386 LBA Realty Fund II-Company X, LLC 3347 Michelson Dr #200 Irvine CA Page 6 of 36

7 Notes: CMA entered 1/6/ E 11th Street 733 E 11th St Tacoma WA Pierce County Sale Price: $ 32,376,146 $/SF: $ Date Sold: 12/01/2016 Research Confirmed: No - Total Building SQFT: 173,317 Total Building NRA: 173,317 Year Built: 1960 Year Renovated: Total Office SQFT: 14,517 Total SQFT: 158,800 Total Lot SQFT: 2,504,700 Total Acres: 57.5 Number of Buildings: 10 Document Number: Sale Price: $ 32,376,146 $/SF: $ $/Land SF: $ Document Number: Price: IPT Tacoma Logistics Center LLC th St, 17th Fl Denver CO Buyer & Lumber mill located along 11th St. Parcel: Additional Parcel(s) Tacoma / Excise Tax: $ 576,300 Interfor US INc PO Box Vancouver BC V7X1H7 portoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 7 of 36

8 Greenriver Corporate Park nd Ave S Kent WA King County Sale Price: $ 31,116,967 $/SF: $ Date Sold: 12/21/2016 Research Confirmed: No - 01/04/2017 Three warehouses on acres in the Greenriver Corporate Park. Total Building SQFT: 239,031 Total Building NRA: 239,031 Year Built: 1987 Year Renovated: Total Office SQFT: 22,722 Total SQFT: 216,309 Total Lot SQFT: 545,660 Total Acres: Number of Buildings: 3 Document Number: Sale Price: $ 31,116,967 $/SF: $ $/Land SF: $ Document Number: Price: $ 20,137,450 LIT Limited Partnership Lion Trust et al 1717 McKinney Ave #1900 Dallas TX Buyer & Parcel: Additional Parcel(s) , , (Investment) Kent Notes: On 12/21/2016 the buyer also purchased 8 buildings in the Southcenter South Park; same seller. Each sale has their own Excise Tax Affidavit but share one common Special Warranty Deed. The Deed is stamped with each sale price. This transaction was a multiparcel sale. Parcel # is a 4.07 acre lot with an 87,760 sf warehouse. Parcel # is a 4.98 acre lot with a 100,796 sf warehouse. Parcel # is a 1.03 acre lot. Parcel # is a 2.45 acre lot with a 50,475 sf warehouse. These parcels are zoned Limited District, City of Kent. 685 / H4 Green River Corporate Park M2 Excise Tax: $ 553,887 CPF Kent Valley LLC 2321 Rosecrans Ave #4425 El Segundo CA Page 8 of 36

9 Springbrook Business Park I & II S 180th St Kent WA King County Sale Price: $ 23,200,000 $/SF: $ Date Sold: 12/16/2016 Research Confirmed: No - 01/05/2017 Springbrook I & II is an industrial park with four warehouses on acres. Total Building SQFT: 184,272 Total Building NRA: 184,272 Year Built: 1982 Year Renovated: Total Office SQFT: 39,233 Total SQFT: 145,039 Total Lot SQFT: 484,768 Total Acres: Number of Buildings: 4 Document Number: Sale Price: $ 23,200,000 $/SF: $ $/Land SF: $ Document Number: Price: $ 9,910,618 Gateway Springbrook, LLC Gregg Rademacher, Christine Roseland et al 4 Embarcadero Center, 33rd Flr San Francisco CA Buyer & Parcel: Additional Parcel(s) (Investment) Kent Notes: This transaction was a multi-parcel sale. Parcel # , Springbrook II is a 5.31 acre lot with a 79,312 sf warehouse with office space. Parcel # , Springbrook I, is a 5.81 acre lot with 3 warehouses with office space. These parcels are zoned General Commercial-Mixed Use, City of Kent. 685 / J1 Springbrook Business Park M1 Excise Tax: $ 412,965 Metzler I Springbrook LP 700 5th Ave, 61st Fl Seattle WA Page 9 of 36

10 Kent 212 Building th Ave S Kent WA King County Sale Price: $ 12,412,288 $/SF: $ Date Sold: 10/19/2016 Research Confirmed: No - 11/01/2016 A storage warehouse with office space on a 6.43 acre lot in Kent. Total Building SQFT: 121,256 Total Building NRA: 121,256 Year Built: 1974 Year Renovated: Total Office SQFT: 1,412 Total SQFT: 119,844 Total Lot SQFT: 280,000 Total Acres: 6.43 Number of Buildings: 1 Parcel: Kent 685 / J5 Multi-Tenant 76th Avenue Distribution Center M3 Document Number: Sale Price: $ 12,412,288 $/SF: $ $/Land SF: $ Document Number: Price: $ 5,000,000 Excise Tax: $ 220,944 Buyer & Blue Properties, LLC th Ave S Kent WA Kent 212 LLC nd Ave NE Woodinville WA Notes: This parcel is zoned General District, City of Kent.. Page 10 of 36

11 Jorgensen Steel 8531 E Marginal Way S Seattle WA King County Sale Price: $ 9,913,600 $/SF: $ Date Sold: 12/01/2016 Research Confirmed: No - 12/08/2016 A metal forging complex on a acre lot along the Duwamish Waterway Total Building SQFT: 323,858 Total Building NRA: 323,858 Year Built: 1943 Year Renovated: 1980 Number of Floors: 2 Total Office SQFT: 17,642 Total SQFT: 306,216 Total Lot SQFT: 896,500 Total Acres: Number of Buildings: 13 Document Number: Sale Price: $ 9,913,600 $/SF: $ $/Land SF: $ Document Number: Price: Buyer & Star Forge, LLC 1775 Logan Ave Youngstown OH Notes: This parcel is zoned Manufacturing Center-Heavy, City of Tukwila. Parcel: S. Seattle 625 / C3 MIC/H Excise Tax: $ 176,467 Jorgensen Forge Corporation 733 3rd Ave, 16th Flr New York NY Page 11 of 36

12 South Seattle Intermodal Site 150 S Horton St Seattle WA King County Sale Price: $ 8,300,000 $/SF: $ Date Sold: 11/08/2016 Research Confirmed: No - 11/16/2016 Total Building SQFT: 16,839 Total Building NRA: 16,839 Year Built: 1966 Year Renovated: 1979 Total Office SQFT: 2,000 Total SQFT: 14,839 Total Lot SQFT: 120,226 Total Acres: 2.76 Number of Buildings: 1 Document Number: Sale Price: $ 8,300,000 $/SF: $ $/Land SF: $ Document Number: Price: $ 1,586,235 Washington State Convention Ctr Public Facilities 705 Pike St Seatttle WA Buyer & A transit warehouse with 16 dock positions on a 2.76 acre secured yard. Parcel: Additional Parcel(s) (Investment) Notes: This transaction was a multi-parcel sale. Parcel # is a 1.32 acre lot with a 16,389 sf transit warehouse. Parcel # is a 1.44 acre lot. These parcels are zoned General 1 U/85, City of Seattle S. Seattle 595 / A3 IG1U/85 Excise Tax: $ 147,745 PTS Parternship PO Box 3514 Seattle WA Page 12 of 36

13 Rontra Building S 146th St SeaTac WA King County Sale Price: $ 6,500,000 $/SF: $ Date Sold: 12/28/2016 Research Confirmed: No - 01/25/2017 A manufacturing and distribution warehouse on a 4.70 acre lot just north of SeaTac Airport. Total Building SQFT: 41,025 Total Building NRA: 40,755 Year Built: 1984 Year Renovated: Total Office SQFT: 7,025 Total SQFT: 34,000 Total Lot SQFT: 204,855 Total Acres: 4.7 Number of Buildings: 1 Document Number: Sale Price: $ 6,500,000 $/SF: $ $/Land SF: $ Notes: This parcel is zoned, City of SeaTac. Document Number: Price: $ 5,000,000 Buyer & DYDIG LLC Mathew Cote' th Ave SE Mercer Island WA Parcel: Sea Tac 655 / B3 I $ 3,280,000 Excise Tax: $ 115,705 Heritage Bank OE SeaTac LLC th Ave #700 Seattle WA Page 13 of 36

14 Brady International Hardwoods 3002 Lind Ave SW Renton WA King County Sale Price: $ 5,761,385 $/SF: $ Date Sold: 12/16/2016 Research Confirmed: No - 01/11/2017 Total Building SQFT: 79,908 Total Building NRA: 79,908 Year Built: 1981 Year Renovated: 1989 Total Office SQFT: 6,036 Total SQFT: 73,872 Total Lot SQFT: 177,065 Total Acres: 4.06 Number of Buildings: 1 Document Number: Sale Price: $ 5,761,385 $/SF: $ $/Land SF: $ Document Number: Price: $ 4,350,000 Lind Ave LLC Dhruv Agarwal, Nikesh Patel et al 154 N 35th St Seattle WA Buyer & Notes: This parcel is zoned Heavy, City of Renton. A distribution warehouse on a 4.06 acre lot in Renton. Parcel: Tukwila 656 / B6 IH $ 5,475,000 Excise Tax: $ 102,557 Columbia State Bank Portal Security, LLC PO Box Seattle WA Page 14 of 36

15 Porteous Fasteners 8307 S 192nd St Kent WA King County Sale Price: $ 5,750,000 $/SF: $ Date Sold: 10/14/2016 Research Confirmed: Yes - 10/26/2016 A stand alone warehouse with 4 dock high doors on a 2.25 acre lot in Kent. Total Building SQFT: 43,080 Total Building NRA: 43,080 Year Built: 1997 Year Renovated: 0 Total Office SQFT: 2,024 Total SQFT: 41,056 Total Lot SQFT: 97,995 Total Acres: 2.25 Number of Buildings: 1 Parcel: Kent 686 / A3 M2 Document Number: Sale Price: $ 5,750,000 $/SF: $ $/Land SF: $ Document Number: Price: Yes $ 4,874,700 Excise Tax: $ 102,355 Bank of the West SBA loan Buyer & Justin Alexey, LLC Aleksey & Irina Malyugin th Way SE Kent WA Gary Stepaniants RE/MAX Northwest Realtors th St Ste 205 BothellWA98021 (206) Porteous Realty Investments, LLC 4101 Birch St #100 Newport Beach CA Tony Kusak Cushman & Wakefield - Commerce 32 West 200 South, #403 Salt Lake CityUT84101 (206) Notes: The buyers purchased this property as owner users, distribution/ wholesale consumer goods. This parcel is zoned Limited District, City of Kent. Confirmed by Tony Kusak and Gary Stepaniants. Page 15 of 36

16 Rainier Park of Industry - Building D nd St E Sumner WA Pierce County Sale Price: $ 5,400,000 $/SF: $ Date Sold: 10/31/2016 Research Confirmed: No - Warehouse located along 52nd. Total Building SQFT: 52,750 Total Building NRA: 52,750 Year Built: 2006 Year Renovated: Total SQFT: 52,750 Total Lot SQFT: 215,186 Total Acres: 4.94 Number of Buildings: 1 Document Number: Sale Price: $ 5,400,000 $/SF: $ $/Land SF: $ Notes: CMA entered 12/1/16. Document Number: Price: $ 4,300,000 Buyer & IPT Rainier Park DC LLC th St, 17th Fl Denver CO Parcel: (Investment) Puyallup/Sumner 805 / G4 Rainier Park of Industry M1 Excise Tax: $ 96,125 B&B Investment Properties LLC nd St E Sumner WA Page 16 of 36

17 Westport Supply th Ave S Kent WA King County Sale Price: $ 5,040,000 $/SF: $ Date Sold: 10/31/2016 Research Confirmed: Yes - 11/11/2016 Total Building SQFT: 42,351 Total Building NRA: 42,351 Year Built: 1991 Year Renovated: 1995 Number of Floors: 2 0 Total Office SQFT: 7,921 Total SQFT: 34,430 Total Lot SQFT: 79,926 Total Acres: 1.83 Number of Buildings: 1 Document Number: Sale Price: $ 5,040,000 $/SF: $ $/Land SF: $ Document Number: Price: $ 3,350,000 Buyer & A freestanding warehouse with 4 dock high and 1 grade level door on a 1.83 acre lot in Kent. Parcel: Notes: The buyer represented himself in the transaction. This parcel is zoned is zoned General District, City of Kent. Sale confirmed by Arie Salomon. No FRE Kent, LLC John Fenton 1 W Highland Dr #7 Seattle WA None Kent 685 / J6 Multi-Tenant M3 Excise Tax: $ 89,717 Triple AAA Investments, Inc th Ave S Kent WA Arie Salomon, CCIM Jeff Forsberg, CCIM Taylor Hoff, SIOR NAI Puget Sound Properties th Ave NE Suite 340 BellevueWA98004 (425) Page 17 of 36

18 Central Avenue Shop & Yard S Central Ave Kent WA King County Sale Price: $ 4,900,000 $/SF: $ Date Sold: 12/21/2016 Research Confirmed: No - 01/04/2017 Total Building SQFT: 9,600 Total Building NRA: 9,600 Year Built: 1974 Year Renovated: 1990 Total Office SQFT: 1,600 Total SQFT: 8,000 Total Lot SQFT: 266,968 Total Acres: 6.13 Number of Buildings: 2 Document Number: Sale Price: $ 4,900,000 $/SF: $ $/Land SF: $ Days on Market: Conditions of Sale: This property underwent a Lot Line Adjustment per Document Number: Price: $ 3,800,000 CenterPoint Properties Trust 1808 Swift Dr Oak Brook IL Buyer & Two storage warehouses on a 6.13 acre lot in Kent. Parcel: Additional Parcel(s) , Kent Notes: This transaction was a multi-parcel sale. Parcel # is a 1.74 acre lot with a 4,600 sf and a 5,000 sf storage warehouse. Parcel # is a 3.0 acre lot. Parcel # is a 1.39 acre lot. This property underwent a Lot Line Adjustment after the 2007 sale; document # These parcels are zoned Commercial Manufacturing 2, City of Kent. 716 / A3 CM-2 Excise Tax: $ 87,225 TL Legacy LLC 315 Central Ave N Kent WA Page 18 of 36

19 Kent Manufacturing Campus & Land 821 3rd Ave S Kent WA King County Sale Price: $ 4,750,000 $/SF: $ Date Sold: 10/27/2016 Research Confirmed: No - 11/18/2016 An industrial complex with 3 light manufacturing warehouses on 7.52 acres. Total Building SQFT: 68,523 Total Building NRA: 68,523 Year Built: 1957 Year Renovated: 1995 Total SQFT: 68,523 Total Lot SQFT: 327,637 Total Acres: 7.52 Number of Buildings: 3 Parcel: Additional Parcel(s) , Kent 715 / J4 M-2 Document Number: Sale Price: $ 4,750,000 $/SF: $ $/Land SF: $ Document Number: Price: $ 4,040,000 Excise Tax: $ 84,555 Coastal Community Bank Buyer & Lynch Park LLC Joe Razore,Chris Langer, Jonathan Slavin th Ave #300 Seattle WA Charles & Saundra Jenks Jack & Arlene Vander Waal PO Box 463 Fox Island WA Tony Miltenberger, SIOR Kidder Mathews Interurban Ave. S. SeattleWA98168 (206) Tony Miltenberger, SIOR Travis Stanaway Kidder Mathews Interurban Ave. S. SeattleWA98168 (206) Notes: This transaction was a multi-parcel sale. Parcel # is a 3.34 acre lot with 2 manufacturing warehouses. Parcel # is a 3.18 acre lot. Parcel # is a 1 acre lot with a light manufacturing warehouse. These parcels are zoned Limited Page 19 of 36

20 District, City of Kent. ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 20 of 36

21 Tacoma Fixture 1815 E D St Tacoma WA Pierce County Sale Price: $ 4,675,000 $/SF: $ Date Sold: 11/29/2016 Research Confirmed: No - Light industrial building located along D St. Total Building SQFT: 98,300 Total Building NRA: 98,300 Year Built: 1949 Year Renovated: 0 Total Office SQFT: 7,500 Total SQFT: 90,800 Total Lot SQFT: 117,612 Total Acres: 2.7 Number of Buildings: 1 Document Number: Sale Price: $ 4,675,000 $/SF: $ $/Land SF: $ Notes: CMA entered 12/20/ Document Number: Price: 1815 East D Street Owner LLC 222 Kearny St, Ste 600 San Francisco CA Arie Salomon, CCIM NAI Puget Sound Properties th Ave NE Suite 340 BellevueWA98004 (425) Buyer & Parcel: Port of Tacoma/Fife / Government (Investment) $ 432,000 Vacancy %: 0.00% $ 1 Net Oper Income: $ 431, % B M2 Excise Tax: $ 81, East D Street LLC 3414 NE 55th St Seattle WA Arie Salomon, CCIM Jeff Forsberg, CCIM NAI Puget Sound Properties th Ave NE Suite 340 BellevueWA98004 (425) Page 21 of 36

22 3627 1st Avenue S st Ave S Seattle WA King County Sale Price: $ 3,413,117 $/SF: $ Date Sold: 11/02/2016 Research Confirmed: No - 11/17/2016 A distribution warehouse with showroom space on a.73 acre lot in South Seattle. Total Building SQFT: 21,900 Total Building NRA: 21,900 Year Built: 1954 Year Renovated: 1979 Number of Floors: 2 0 Total Office SQFT: 5,400 Total SQFT: 16,500 Total Lot SQFT: 31,875 Total Acres: 0.73 Number of Buildings: 1 Parcel: S. Seattle / Single Tenant IG1 U/85 20 Document Number: Sale Price: $ 3,413,117 $/SF: $ $/Land SF: $ Document Number: Price: $ 3,313,117 (Owner User) $ 2,813,117 Excise Tax: $ 60,758 Seller Buyer & Boston Harbor, LLC Jeff Ellingson & Eric Ellingson 6626 Tacoma Mall Blvd #B Tacoma WA Ellingson Brothers, LLC Richard Ellingson & Paul Ellingson 6626 Tacoma Mall Blvd #B Tacoma WA Notes: This parcel is zoned General 1, City of Seattle. Page 22 of 36

23 Tacoma Electric Supply Building - Former 1311 S Tacoma Way Tacoma WA Pierce County Sale Price: $ 3,175,000 $/SF: $ Date Sold: 10/05/2016 Research Confirmed: No - Warehouse located along S Tacoma Way. Total Building SQFT: 38,165 Total Building NRA: 38,165 Year Built: 1951 Year Renovated: Number of Floors: 2 Total Office SQFT: 23,915 Total SQFT: 14,250 Total Lot SQFT: 105,415 Total Acres: 2.42 Number of Buildings: 1 Document Number: Sale Price: $ 3,175,000 $/SF: $ $/Land SF: $ Document Number: Price: Notes: Cma entered 10/21/ South Tacoma Way LLC 5 Brookside Dr Greenwood CO Bob Hacker CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) Buyer & Parcel: Tacoma / M-1 & M-2 (City of Tacoma) Excise Tax: $ 56,520 BKR, LLC PO Box Puyallup WA Bob Hacker CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 23 of 36

24 Dresser-Rand 225 S Lucile St Seattle WA King County Sale Price: $ 2,370,000 $/SF: $ Date Sold: 10/06/2016 Research Confirmed: No - 10/21/2016 Two light manufacturing warehouses on.87 acres in Georgetown. Total Building SQFT: 20,092 Total Building NRA: 20,092 Year Built: 1973 Year Renovated: 1990 Number of Floors: 0 0 Total Office SQFT: 2,952 Total SQFT: 17,140 Total Lot SQFT: 38,000 Total Acres: 0.87 Number of Buildings: 2 Document Number: Sale Price: $ 2,370,000 $/SF: $ $/Land SF: $ Document Number: Price: Siemens Corporation Rose Marie Glazer, Eric Spiegel et al 170 Wood Ave S Iselin NJ Buyer & Notes: This parcel is zoned General 2 U/85, City of Seattle. Parcel: S. Seattle / IG2 U/85 Excise Tax: $ 42,191 Dresser-Rand Company 1200 W Sam Houston Pkwy N Houston TX ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 24 of 36

25 Notes: CMA entered 11/22/16. Maple Leaf Foods, Inc SW Durango St Lakewood WA Pierce County Sale Price: $ 1,950,000 $/SF: $ Date Sold: 10/21/2016 Research Confirmed: No - Total Building SQFT: 126,908 Total Building NRA: 126,908 Year Built: 1990 Year Renovated: Total Office SQFT: 4,816 Total SQFT: 122,092 Total Lot SQFT: 330,307 Total Acres: 7.58 Number of Buildings: 1 Document Number: Sale Price: $ 1,950,000 $/SF: $ $/Land SF: $ Document Number: Price: $ 10,000,000 Buyer & Kris & Lauri O'Bannon 935 Poplar St SE Olympia WA Baking company located along Durango St. Parcel: Lakewood 833 / C1 120 (Owner User) I1 Excise Tax: $ 34,715 CB Lakewood LLC 255 Business Center Dr Horsham PA Monte Decker CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 25 of 36

26 Valley Gear & Transmission 1543 Rainier Ave S Seattle WA King County Sale Price: $ 1,500,000 $/SF: $ Date Sold: 12/20/2016 Research Confirmed: No - 01/13/2017 A service garage and a storage warehouse with office space on a.3 acre lot. Total Building SQFT: 7,952 Total Building NRA: 7,952 Year Built: 1928 Year Renovated: 1989 Total Office SQFT: 1,584 Total SQFT: 6,368 Total Lot SQFT: 13,198 Total Acres: 0.3 Number of Buildings: 2 Document Number: Sale Price: $ 1,500,000 $/SF: $ $/Land SF: $ Document Number: Price: $ 121,000 SRHD, LLC Hamlin Robinson School th Ave S Seattle WA Buyer & Notes: This parcel is zoned Commercial 1-40, City of Seattle. Parcel: S. Seattle / C1-40 $ 1,000,000 Excise Tax: $ 26,705 Seller Harold A. Bush et al th Ave SE North Bend WA ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 26 of 36

27 640 Central Avenue S 640 Central Ave S Kent WA King County Sale Price: $ 1,450,000 $/SF: $ Date Sold: 12/14/2016 Research Confirmed: No - 01/13/2017 Total Building SQFT: 12,040 Total Building NRA: 12,040 Year Built: 1974 Year Renovated: Total Office SQFT: 1,340 Total SQFT: 8,940 Total Retail SQFT: 1,760 Total Lot SQFT: 48,780 Total Acres: 1.12 Number of Buildings: 2 Document Number: Sale Price: $ 1,450,000 $/SF: $ $/Land SF: $ Document Number: Price: $ 300,000 Buyer & Lin Li th Ave NE Bellevue WA A free standing warehouse and a material shed on 1.12 acres. Parcel: Additional Parcel(s) Kent / Single Tenant Notes: This transaction was a multi-parcel sale. Parcel # is a.81 acre lot with 2 industrial buildings. Parcel # is a.31 acre lot. These parcels are zoned Commercial Manufacturing 2, City of Kent. CM-2 $ 1,182,000 Excise Tax: $ 25,815 Bank of the West Fairview Operation 6, LLC 119 S Main St Seattle WA Chris Corr Peter Wooding Kidder Mathews Interurban Ave. S. SeattleWA98168 (206) Page 27 of 36

28 Bonney Lake Pro Build - Former Hwy 410 E Bonney Lake WA Pierce County Sale Price: $ 1,350,000 $/SF: $ Date Sold: 12/06/2016 Research Confirmed: No - Equipment rental. Total Building SQFT: 19,960 Total Building NRA: 19,960 Year Built: 1984 Year Renovated: 1986 Total SQFT: 10,460 Total Retail SQFT: 9,500 Total Lot SQFT: 137,214 Total Acres: 3.15 Number of Buildings: 2 Document Number: Sale Price: $ 1,350,000 $/SF: $ $/Land SF: $ 9.84 Document Number: Price: Notes: CMA entered 1/6/17. M&S Investment Properties LLC st St E Orting WA Jerome O'Leary Kidder Mathews Interurban Ave. S. SeattleWA98168 (253) Buyer & Parcel: Additional Parcel(s) Bonney Lake / C-2, C-3 Vacancy %: 0.00% $ 999,999 Excise Tax: $ 24,035 Us Bk National Assn LN Real Estate Llc 801 Second Ave, Ste 1700 Seattle WA Jerome O'Leary Kidder Mathews Interurban Ave. S. SeattleWA98168 (253) ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 28 of 36

29 Notes: CMA entered 12/2/16. University Place Light th St W Tacoma WA Pierce County Sale Price: $ 1,200,000 $/SF: $ Date Sold: 11/04/2016 Research Confirmed: No - Total Building SQFT: 11,669 Total Building NRA: 11,669 Year Built: 1969 Year Renovated: 1988 Total Office SQFT: 2,112 Total SQFT: 9,557 Total Lot SQFT: 31,799 Total Acres: 0.73 Number of Buildings: 3 Document Number: Sale Price: $ 1,200,000 $/SF: $ $/Land SF: $ Document Number: Price: $ 450,000 Prism Real Estate Holdings LLC 4801 N Frace Tacoma WA Brandon Gates Kidder Mathews Interurban Ave. S. SeattleWA98168 (253) Buyer & Warehouse buildings located off of 27th. Parcel: Additional Parcel(s) , University Place/Fircrest / Single Tenant IB Excise Tax: $ 21,365 West 27th LLC 6102 N 9th St, Ste 400 Tacoma WA John Bauder Bob Hacker CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 29 of 36

30 Notes: CMA entered 12/22/16. Rainier Park of Industry - Building B 5509 West Valley Hwy E Sumner WA Pierce County Sale Price: $ 1,000,000 $/SF: $ Date Sold: 11/16/2016 Research Confirmed: No - Total Building SQFT: 29,634 Total Building NRA: 29,634 Year Built: 2006 Year Renovated: Total SQFT: 29,634 Total Lot SQFT: 81,457 Total Acres: 1.87 Number of Buildings: 1 Document Number: Sale Price: $ 1,000,000 $/SF: $ $/Land SF: $ Document Number: Price: Buyer & MDM Marketing Inc Monarch St Garden Grove CA Warehouse located along Valley Hwy. Parcel: Puyallup/Sumner 805 / H4 Rainier Park of Industry M-1 $ 7,350,000 Excise Tax: $ 17,805 Community Bk BDS Co PO Box Long Beach CA ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 30 of 36

31 McMillin Park st St E Puyallup WA Pierce County Sale Price: $ 875,364 $/SF: $ Date Sold: 11/29/2016 Research Confirmed: No - building located along 131st St. Total Building SQFT: 9,690 Total Building NRA: 9,690 Year Built: 2008 Year Renovated: Total SQFT: 9,690 Total Lot SQFT: 56,447 Total Acres: 1.3 Number of Buildings: 1 Document Number: Sale Price: $ 875,364 $/SF: $ $/Land SF: $ Notes: CMA entered 12/20/16. Document Number: Price: $ 652,000 Buyer & 6C Properties LLC 404 9th Ave SE Puyallup WA Parcel: Puyallup/Sumner 865 / G1 McMillin Park of Industry RIC $ 249,975 Excise Tax: $ 15,591 Us Bk National Assn M&S Investment Properties LLC st St E Orting WA Page 31 of 36

32 Creative Tile Building 3002 S Mullen St Tacoma WA Pierce County Sale Price: $ 862,000 $/SF: $ Date Sold: 10/25/2016 Research Confirmed: No - Warehouse located along Mullen St. Total Building SQFT: 6,700 Total Building NRA: 6,700 Year Built: 1977 Year Renovated: Total SQFT: 6,700 Total Lot SQFT: 27,748 Total Acres: 0.64 Number of Buildings: 1 Document Number: Sale Price: $ 862,000 $/SF: $ $/Land SF: $ Notes: CMA entered 11/22/ Document Number: Price: Buyer & Sizemore Mullen LLC 1517 S Tacoma Way Tacoma WA Brian Engelking Cramer Foster Kidder Mathews Interurban Ave. S. SeattleWA98168 (253) Parcel: Central District (Allenmore) 803 / B1 C2 $ 646,500 Excise Tax: $ 15,348 Commencement Bank John Papke PO Box Tacoma WA Brian Engelking Cramer Foster Kidder Mathews Interurban Ave. S. SeattleWA98168 (253) ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 32 of 36

33 Sherman Brothers Site th Ave S Lakewood WA Pierce County Sale Price: $ 760,000 $/SF: $ Date Sold: 12/27/2016 Research Confirmed: No - Total Building SQFT: 5,000 Total Building NRA: 5,000 Year Built: 1989 Year Renovated: Number of Floors: 2 Total Office SQFT: 4,220 Total SQFT: 780 Total Lot SQFT: 39,640 Total Acres: 0.91 Number of Buildings: 1 Parcel: Parkland/Midland / Shotwell Park Document Number: Sale Price: $ 760,000 $/SF: $ $/Land SF: $ Document Number: Price: Vacancy %: 0.00% Excise Tax: Buyer & Ketner Sheean CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) Notes: ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 33 of 36

34 Englesby Studio 4800 Airport Way S Seattle WA King County Sale Price: $ 650,000 $/SF: $ Date Sold: 11/30/2016 Research Confirmed: Yes - 12/15/2016 Total Building SQFT: 4,440 Total Building NRA: 4,440 Year Built: 1906 Year Renovated: 1959 Number of Floors: 3 Total SQFT: 4,440 Total Lot SQFT: 3,250 Total Acres: 0.07 Number of Buildings: 1 Document Number: Sale Price: $ 650,000 $/SF: $ $/Land SF: $ Document Number: Price: $ 125,000 Yes Buyer & 4800 Building, LLC Randy McCoy 76 Cedar St #711 Seattle WA Tamir Ohayon NAI Puget Sound Properties th Ave NE Suite 340 BellevueWA98004 (425) A 3-story warehouse on a.07 acre lot in Georgetown. Parcel: S. Seattle / IG2 U/85 (Investment) $ 61,440 Vacancy %: 0.00% $ 16,783 Net Oper Income: $ 44, % $ 487,600 Excise Tax: $ 11,575 Puget Sound Bank Notes: This property was purchased as an investment opportunity. The building was fully leased at the time of the sale, artist studios. This parcel is zoned General Commercial 2 U/85, City of Seattle.Confirmed by Craig Roberts. Englesby Properties, llc th Ave SW #334 Seattle WA Craig Roberts Berkshire Hathaway Home Serv nd Ave SW #620 SeattleWA98116 (206) ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 34 of 36

35 15020 Canyon Rd E Canyon Rd E Tacoma WA Pierce County Sale Price: $ 500,000 $/SF: $ Date Sold: 12/16/2016 Research Confirmed: No - Total Building SQFT: 3,920 Total Building NRA: 3,920 Year Built: 1969 Year Renovated: 1990 Total Lot SQFT: 77,537 Total Acres: 1.78 Number of Buildings: 2 Document Number: Sale Price: $ 500,000 $/SF: $ $/Land SF: $ 6.45 Document Number: Price: Chris Studebaker Skyline Properties, Inc 702 S Hill Park Dr Ste 203 PuyallupWA98373 (253) Skyline Buyer & Parcel: (Investment) Parkland/Midland 864 / F3 CE Excise Tax: RPG Legacy Group Ketner Sheean CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) Notes: ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 35 of 36

36 Algona Business Park Condominiums - Unit Algona Blvd N Algona WA King County Sale Price: $ 449,000 $/SF: $ Date Sold: 12/28/2016 Research Confirmed: No - 01/05/2017 Total Building SQFT: 2,466 Total Building NRA: 2,499 Year Built: 2006 Year Renovated: Number of Floors: 2 Total SQFT: 2,466 Total Lot SQFT: 0 Total Acres: 0 Number of Buildings: 1 Document Number: Sale Price: $ 449,000 $/SF: $ $/Land SF: $ 0 Document Number: Price: $ 335,000 Buyer & Moonco Algona, LLC Erik & Hope Moon 901 Algona Blvd N #D Algona WA Notes: Unit 3 is also known as Unit D. This parcel is zoned Mixed Use Commercial, City of Algona. Unit 3 is a 2,466 sf condominium in the Algona Business Park Condominiums. Parcel: Algona/Pacific 745 / G7 Algona Business Park Condominiums C1 $ 356,000 Excise Tax: $ 7,997 Bank of America Duralux, LLC 901 Algona Blvd N Algona WA ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 36 of 36