4160 MENDENHALL OAKS PARKWAY GREENSBORO-WINSTON-SALEM-HIGH POINT, NORTH CAROLINA MSA 100% LEASED CLASS A INDUSTRIAL FACILITY

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1 4160 MENDENHALL OAKS PARKWAY GREENSBORO-WINSTON-SALEM-HIGH POINT, NORTH CAROLINA MSA 100% LEASED CLASS A INDUSTRIAL FACILITY

2 INVESTMENT OFFERING MENDENHALL INDUSTRIAL CENTER Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a North Carolina licensed real estate broker ( HFF ) has been retained as the exclusive sales representative for 4160 Mendenhall Oaks Parkway a 107,480 square foot, multi-tenant, 100% occupied Class A warehouse building located in the fast growing Greensboro-Winston-Salem-High Point (the Triad ), North Carolina market. Currently the headquarters for two of the three tenants, Mendenhall Industrial Center features a well balanced rollover schedule with 4.68 years of remaining lease term. The property offers investors the opportunity to acquire well located, high quality industrial product at an incredibly attractive yield, in one of the top industrial markets in the Carolinas. Built in 1997, the institutionally owned and maintained property features attractive tilt-up construction, 24' clear heights and a 120' truck court with ' concrete dolly pad. Centrally positioned within the Airport/West Guilford submarket, the largest and most sought-after industrial submarket in the Triad, tenants enjoy unparalleled access to the Piedmont Triad International Airport (PTI) located just minutes away. The property is situated within Mendenhall Business Park, a 912,000 square foot masterplanned, mixed-used park just minutes from a network of major transportation thoroughfares such as I-, I- and I-- the industrial backbone of the Southeast. ADDRESS TOTAL SQUARE FEET 4160 Mendenhall Oaks Parkway High Point, NC ,480 SF YEAR BUILT 1997 OCCUPANCY 100% TENANT ROSTER WEIGHTED AVERAGE LEASE TERM High Point Clinical Trials Center (,842 SF, 3/2021 LXD) Ryan Scott, Inc. (37,941 SF, 1/2023 LXD) Safelite Fulfillment, Inc. (28,697 SF, 2/2024 LXD) 4.68 Years IN-PLACE NOI $551,763 MENDENHALL INDUSTRIAL 2

3 OPPORTUNITY TO ACQUIRE MISSION CRITICAL INDUSTRIAL FACILITY 100% leased to multiple tenants including the headquarters of Ryan Scott Displays, an award-winning product marketing firm, as well as the headquarters location for Highpoint Clinical Trials Center Opportunity to acquire a Class A industrial building with an exceptional yield Featuring a well-balanced rollover schedule and weighted average remaining lease term of 4.7 years, no more than 35% of the portfolio expires in any one year Situated within a master-planned business park that has excellent access to nearby retail amenities and a network of major transportation thoroughfares including I-, I- and I- Located within the Airport/W.Guilford industrial submarket which is a staggering 97% leased with 391,655 square feet of positive net absorption in the last 24 months The Triad market is incredibly well located logistically sitting at the nexus of I- and I-, and as a result is one of the top industrial markets in the Carolinas and entire Southeast MENDENHALL INDUSTRIAL 3

4 18 EXISTING BUILDINGS IN POA TWO BUILDINGS CURRENTLY UNDER CONSTRUCTION (RETAIL + OFFICE) 912,000+ SF DEVELOPED 315,000 SF INDUSTRIAL/FLEX 513,000 SF OFFICE 1.35 MSF RETAIL WITHIN WALKING DISTANCE ACRES OF DEVELOPABLE LAND MENDENHALL BUSINESS PARK TRIAD MSA Located within one of the most desirable submarkets in the region, tenants of Mendenhall Business Park enjoy unparalleled access to a network of major highways and the Piedmont Triad International Airport (PTI) located just minutes away Totaling over 912,000 square feet of mixed-use space, Mendenhall Business Park houses operations for an impressive roster of public tenants such as, Aetna (NYSE: AET), Paychex (NASDAQ: PAYX) and Cambrex (NYSE: CBM) The Wildlife and Industry Together (WAIT) certified community allows tenants to enjoy eight on-site water features, walking trails, sculpture gardens, covered picnic areas, bike share program and access to the Bicentennial Greenway- a 20 mile greenway that connects High Point to Greensboro Ideal infill location that is walking distance to over 1.35 million square feet of retail/hospitality space and weekly in park food truck rotations Class A community that offers users of the park access to a fitness center, on-site massage therapist, dry cleaning services, and conference/meeting rooms MENDENHALL INDUSTRIAL 4

5 CLASS A CONSTRUCTION WITH EXCELLENT MULTI-TENANT CAPABILITIES 107,480 square foot, Class A warehouse facility featuring tiltup concrete construction and attractive glass line The rear-load property features 24' clear heights, 30' x ' column spacing, upgraded T8 lighting throughout The facility is served by a 120' truck court and ' concrete dolly pad, sixteen (16) dock-high positions, two (2) drive in doors and the ability to add additional loading via fourteen (14) knock out panels Property features exceptionally attractive and high dollar office build-outs ensuring increased probability of re-lease in the future Located in the beautifully maintained Mendenhall Business Park with scenic walking paths that have views of the 16 acre on-site lake and sculpture gardens MENDENHALL INDUSTRIAL 5

6 HIGHLY CONNECTED IN PREMIER INDUSTRIAL SUBMARKET Strategic logistical position within the Airport/W. Guilford submarket that enjoys unrivaled access to a network of interstates such as I-, I-, I-, and I-74 60% OF THE U.S. POPULATION WITHIN ONE DAY S DRIVE 5.0% UNEMPLOYMENT RATE 15% PROJECTED POPULATION GROWTH ( ) FIVE FORTUNE 500 COMPANIES HEADQUARTERED IN TRIAD Minutes from the Piedmont Triad International Airport and the FedEx Mid-Atlantic Hub, the carrier s fifth largest U.S. hub, allowing companies nearby to optimize their supply chain operations The Triad region is home to more than 1.6 million people and 16 colleges and universities offering employers access to an exceptional talent pool Numerous headquarters operations are located in the Triad, including Reynolds American, Hanesbrands, BB&T, Lowes Foods, Volvo North America, Krispy Kreme Doughnuts, VF Corp., and Laboratory Corp. of America COMPANIES IN INNOVATIVE MANUFACTURING ARE DRAWN TO GREENSBORO-HIGH POINT FOR ITS RICH MANUFACTURING HERITAGE, SKILLED WORKFORCE, WIDE RANGE OF MANUFACTURING TRAINING PROGRAMS AND DEGREES, LOW RATE OF UNIONIZATION, CENTRAL LOCATION, AND SUPERIOR TRANSPORTATION NETWORK. DCI AND GARNER ECONOMICS MENDENHALL INDUSTRIAL 6

7 WINSTON-SALEM 421 PIEDMONT TRIAD INTERNATIONAL AIRPORT GREENSBORO 70 8 PREMIER INDUSTRIAL 158 SUBMARKET WITH UNPARALLELED 801 ACCESS TO AIRPORT MENDENHALL The Greensboro-Winston-Salem-High Point Triad warehouse market is second only to Charlotte as the largest industrial market in the Carolinas and has recorded an impressive 1.6 million square feet of positive net absorption over the past 12 months The Triad market is extremely tight featuring historical low vacancy rates of 4.9% The property is located within the Airport/W. Guilford submarket of the Triad- one of the premier industrial submarkets in the region with 12.2% rental rate growth over the past 24 months HIGH POINT The largest submarket in the Triad region, the Airport/W. Guilford submarket touts the highest asking rental rates and highest net absorption and features institutional industrial owners such as Liberty Property Trust and Highwoods among others Multiple recent lease transactions throughout the market including to credit users such as Coca Cola (NASDAQ: COKE), Procter & Gamble (NYSE: PG) and Wayfair (NYSE: W) among many others N O. 1 MANUFACTURING LOCATION IN NORTH CAROLINA (BASED ON EMPLOYMENT FROM BLS) N O. 2 INDUSTRIAL MARKET IN THE CAROLINAS (BY SIZE) N O. 5 MANUFACTURING LOCATION IN THE SOUTHEAST (BASED ON EMPLOYMENT FROM BLS) PREMIER INDUSTRIAL MARKET: Guilford County has the highest number of manufacturing jobs of any county in North Carolina and is among the top five in the Southeastern U.S. MENDENHALL INDUSTRIAL 7

8 MENDENHALL INDUSTRIAL CENTER PIEDMONT TRIAD INTERNATIONAL AIRPORT FEDEX AIR HUB HARRIS TEETER DISTRIBUTION FEDEX TO RALEIGH 1.5 hours INVESTMENT ADVISORS HONDAJET CHRIS NORVELL, SIOR Senior Managing Director RYAN CLUTTER Senior Managing Director PATRICK NALLY Director XPO LOGISTICS HEADQUARTERS BANK OF AMERICA POLO RALPH LAUREN ANALYSTS AETNA VALERIE DERRICK Real Estate Analyst MENDENHALL BUSINESS PARK 4160 MENDENHALL OAKS PARKWAY MIKE MASSARDO Real Estate Analyst DEBT + STRUCTURED FINANCE PAYCHEX KIRKLAND BRENT BOWMAN Director bbowman@hfflp.com DAVIS LAKE LEASING CONTACT LAWRENCE COX Somerset Properties lcox@somprop.com HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please 74 TO CHARLOTTE 1.5 hours HUNTINGTON FURNITURE visit hfflp.com or follow HFF on Twitter at twitter.com/hff.