NET LEASED PORTFOLIO FLORIDA, OHIO, & TEXAS

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1 NET LEASED PORTFOLIO FLORIDA, OHIO, & TEXAS

2 Investment Highlights THE OFFERING provides an opportunity to acquire three long term net leased properties, with locations in Texas, Florida, and Ohio. The offering also represents the opportunity for an investor to acquire a portfolio with good diversification from day one of ownership. Two of the three properties are located in tax free states, further bolstering the appeal of the portfolio. THE PORTFOLIO consists of an IHOP ground lease that includes a corporate guarantee, a build-to-suit Brident Dental that is guaranteed by Premier Dental (parent company of Western Dental), and a two-tenant strip featuring Mattress Firm and Aspen Dental. The property is being offered for sale with attractive in place financing that must be assumed. All three net leased assets are located within strong and dense retail markets that benefit from above-average demographics. The rare combination of long term leases, diverse tenancy, and quality markets make this an attractive opportunity for an investor. Contact the team CHRIS KOSTANECKI ck@capitalpacific.com PH: CA BRE# JOHN ANDREINI jandreini@capitalpacific.com PH: CA BRE# ZEB RIPPLE zripple@capitalpacific.com PH: CA BRE# CHRIS PETERS cpeters@capitalpacific.com PH: CA BRE# JACK NAVARRA jnavarra@capitalpacific.com PH: CA BRE# DIVERSIFIED THREE ASSET PORTFOLIO FEATURING 1 STNL, 1 GROUND LEASE AND 1 MULTI-TENANT ASSET This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 2

3 Income & Expense CURRENT CURRENT FINANCING (MUST BE ASSUMED) Price: $8,280,000 Estimated Outstanding Principal Balance (01/19). $5,826,846 Capitalization Rate: 6.75% Loan to Value 70% Price Per Square Foot: $ Interest Rate 4.54% / 4.715% Down Payment 30% $2,453,154 Amortization 30 Loan Amount 70% $5,826,846 Term 10 Total Leased (SF)*: % 19,095 Net Operating Income $559,044 Total Vacant (SF): 0.00% 0 Debt Service ($385,632) Total Rentable Area (SF): % 19,095 Pre-Tax Cash $173,412 INCOME PER SQUARE FOOT Debt Coverage Ratio 1.45 Scheduled Rent $29.63 $565,800 Brident Admin Fee $0.25 $1,125 Pre-Tax Leveraged Cash-on-cash Return 7.07% EFFECTIVE GROSS INCOME $566,925 Principal Pay down (Year 1 of Ownership) $114,407 Total Return $287,819 EXPENSE Yield 11.73% Maintenance Expenses NNN Utility Expenses NNN Insurance NNN Property Taxes NNN CapEx Reserve** ($0.15) ($1,905) Non-recapture Management Fee (2.0%)*** ($0.31) ($5,976) TOTAL OPERATING EXPENSES ($0.41) ($7,881) NET OPERATING INCOME $559,044 * Includes square footage of the IHOP building (ground lease) ** Excludes ground lease square footage *** Management fee exclusive to the two tenant asset (Estero) This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 3

4 Portfolio Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY TENANT PROPERTY SQ. FT. PERCENT OF GLA TERM MONTHLY RENT ANNUAL RENT RENT/FT Mattress Firm Estero 5, % Oct-14 10/31/19 $15,833 $190,000 $38.00 NN 11/1/ /31/24 $17,417 $209,000 $ /1/ /31/25 $19,158 $229,900 $45.98 Option 1 11/1/ /31/30 $19,158 $229,900 $45.98 Option 2 11/1/ /31/35 $21,075 $252,900 $50.58 Option 3 11/01/35 10/31/40 $23,183 $278,200 $55.64 Aspen Dental Estero 3, % Nov-14 11/30/19 $9,067 $108,800 $34.00 NN 12/01/19 11/30/24 $10,880 $119,680 $37.40 Option 1 12/01/24 11/30/29 $11,968 $131,648 $41.14 Oprion 2 12/01/29 11/30/34 $13,165 $144,813 $45.25 Option 3 12/01/34 11/30/39 $14,481 $159,294 $49.78 Brident Dental Houston 4, % 01/29/15 01/31/20 $13,500 $162,000 $36.00 NN 02/01/20 01/31/25 $14,850 $178,200 $39.60 Option 1 02/01/25 01/31/30 $16,335 $196,020 $43.56 Option 2 02/01/30 01/31/35 $17,969 $215,622 $47.92 Option 3 02/01/35 01/31/40 $19,765 $237,184 $52.71 Option 4 02/01/40 01/31/45 $21,742 $260,903 $57.98 IHOP Cincinnati 6, % Nov-15 11/30/20 $8,750 $105,000 Ground Lease 12/01/20 11/30/25 $9,625 $115,500 12/01/25 11/30/30 $10,588 $127,050 Occupied 19, % $47,150 $565,800 $29.63 Vacant % Current Totals: 19, % This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 4

5 Portfolio Cash Flow FOR THE YEARS ENDING 12/31/ /31/ /31/ /31/2021 Effective Gross Revenue $566, $570, $611, $622, Operating Expenses Real Estate Taxes $0.00 $0.00 $0.00 $0.00 Insurance $0.00 $0.00 $0.00 $0.00 Common Area Maintenance $0.00 $0.00 $0.00 $0.00 CapEx Reserve ($1,905.00) ($1,905.00) ($1,905.00) ($1,905.00) Non-recapture Management Fee (2.0%) ($5,976.00) ($6,075.60) ($6,573.60) ($6,573.60) Total Operating Expenses ($7,881.00) ($7,980.60) ($8,478.60) ($8,478.60) Net Operating Income $559, $562, $602, $613, Debt Service ($385,632.44) ($385,632.44) ($385,632.44) ($385,632.44) Cash Flow After Debt Service $173, $177, $217, $228, Cash on Cash (%) 7.18% 7.33% 8.99% 9.45% Interest Expense ($271,718) $140,511 $138,119 $135,612 Principal Paydown $109,177 $114,408 $119,130 $125,597 Total Return $282,588 $291,576 $336,424 $353,866 Total Return (%) 11.70% 12.07% 13.92% 14.64% Cummulative Principal Paydown $109,177 $223,585 $342,715 $468,312 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 5

6 Loan Abstract MATTRESS FIRM & ASPEN DENTAL (ESTERO, FL) IHOP (CINCINNATI, OH) LENDER Morgan Stanley Bank LENDER Morgan Stanley Bank LOAN AMOUNT $3,200,000 LOAN AMOUNT $1,250,000 PRINCIPAL BALANCE (JAN-19) $2,984,649 PRINCIPAL BALANCE (JAN-19) $1,164,835 ORIGINAL LOAN DATE 11/13/2014 ORIGINAL LOAN DATE 09/29/2014 MATURITY DATE 12/01/2024 MATURITY DATE 10/01/2024 AMORTIZATION 30 years AMORTIZATION 30 years INTEREST RATE 4.50% INTEREST RATE 4.715% MONTHLY PAYMENT $16, MONTHLY PAYMENT $6, PREPAYMENT Defeasance PREPAYMENT Defeasance ASSUMPTION FEE 1% ASSUMPTION FEE 1% RECOURSE Non-recourse RECOURSE Non-recourse BRIDENT DENTAL (HOUSTON, TX) LENDER Morgan Stanley Bank LOAN AMOUNT $1,800,000 PRINCIPAL BALANCE (JAN-19) $1,677,362 ORIGINAL LOAN DATE 09/29/2014 MATURITY DATE 10/01/2024 AMORTIZATION 30 years INTEREST RATE 4.715% MONTHLY PAYMENT $9, PREPAYMENT Defeasance ASSUMPTION FEE RECOURSE 1% Non-recourse This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 6

7 Overview MATTRESS FIRM & ASPEN DENTAL LYDEN DRIVE A, ESTERO FL LEASABLE SF 8,200 SF LAND AREA 1.00 AC LEASE TYPE NN YEAR BUILT 2014 PARKING 46 SPACES Corporate leases with minimal Landlord responsibility Both tenants are responsible for their pro rata share of taxes, insurance, and common area maintenance Located on highly trafficked Route 41, the major north south corridor between Tampa, Fort Myers, and Naples (48,000+ VPD) Across the street from 1.3 million square foot Coconut Point outdoor mall (140+ stores and a 16-screen movie theater) Average household incomes within a 5-mile radius are well above national average This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 7

8 Aerial MIAMI 143 MILES Via Coconut Point COCONUT POINT SHOPPING CENTER 48,500 DAILY 41 S Tamiami 41 S Tamiami Trail Trail Lyden Drive Lyden Drive This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 8

9 Subject Property 9

10 Surrounding Retail SURROUNDING NATIONAL RETAILERS AT COCONUT POINT 10

11 Rent Roll TENANT TENANT INFO LEASE TERMS RENT SUMMARY SQ. FT. PERCENT OF GLA TERM MONTHLY RENT ANNUAL RENT RENT/FT Mattress Firm 5, % Oct-14 10/31/19 $15,833 $190,000 $38.00 NN 11/01/19 10/31/24 $17,417 $209,004 $ /01/24 10/31/25 $19,158 $229,900 $45.98 Option 1 11/01/25 10/31/30 $19,158 $229,900 $45.98 Option 2 11/01/30 10/31/35 $21,075 $252,900 $50.58 Option 3 11/01/35 10/31/40 $23,183 $278,200 $55.64 Aspen Dental 3, % Nov-14 11/30/19 $9,067 $108,800 $34.00 NN 12/01/19 11/30/24 $9,973 $119,680 $37.40 Option 1 12/01/24 11/30/29 $10,971 $131,648 $41.14 Option 2 12/01/29 11/30/34 $12,068 $144,813 $45.25 Option 3 12/01/34 11/30/39 $13,275 $159,294 $49.78 OCCUPIED 8, % $24,900 $298,800 $36.44 VACANT % CURRENT TOTALS 8, % This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 11

12 Site Plan Bulb Lane 8,200 RENTABLE SF MONUMENT SIGN 1.00 ACRES Lyden Drive S Tamiami Trail 48,500 VPD SPACES NOT A PART This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 12

13 Tenant Mix MATTRESS FIRM Mattress Firm, the largest bedding retailer in the country with over 3,500 locations across 48 states, recorded estimated sales of approximately $4 billion in fiscal Mattress Firm offers conventional mattresses, specialty mattresses, YuMe sleep system (a revolutionary sleep system made of foam produced from coconut oil), and bedding related accessories (bed frames, mattress pads, pillows). The company was recently acquired by Steinhoff International Holdings, the world s largest multi-brand/ multi-national mattress retail distribution network. Steinhoff has operations in 30 countries, dealing primarily with furniture and household goods, sold under 40 different brands. (NASDAQ: MFRM) ASPEN DENTAL Aspen Dental Management Inc. (ADMI) provides non-clinical support services to independently owned and operated dental practices in approximately 33 states. This includes finding the right location, payroll and benefits, equipment, accounting and marketing for their clients, leaving independent, licensed practitioners free to concentrate on patient care. Aspen Dental has more than 550 locations that offer patients a full range of denture and dental services, from preventive care to general dentistry restoration. In 2015 alone, Aspen Dental branded practices recorded nearly 3.7 million patient visits and welcomed nearly 785,000 new patients. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 13

14 Demographics POPULATION 1-MILE 3-MILES 5-MILES ,233 24,434 69,547 TAMPA (146 MILES) ,768 27,498 77, ,264 30,795 86, HH INCOME 1-MILE 3-MILES 5-MILES Average $115,542 $105,564 $96,242 Median $67,060 $63,769 $58,786 ESTERO, FL sits along the Florida Gulf Coast between Fort Meyers to the north and Naples to the south. Estero has an estimated population of 33,048. Florida Gulf Coast University (FGCU) is located just 15 minutes north of the subject property, and has a student population of approximately 15,000. FGCU is considered first-tier among regional universities in the southern U.S., and offers 86 different types degrees. FORT MYERS (18 MILES) ESTERO MIAMI (143 MILES) Estero is also minutes away from the Southwest Florida International Airport, which is considered to be one of the top 50 airports for passenger traffic in the U.S., and the second busiest single runway airport in the country. THE AVERAGE HOUSEHOLD INCOME WITHIN A 3-MILE RADIUS IS OVER $105K This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 14

15 Overview IHOP 9540 COLERAIN AVENUE, CINCINNATI, OH LEASABLE SF 6,395 SF LEASE EXPIRATION 11/30/2030 LAND AREA 62,813 SF YEAR BUILT 2005 LEASE TYPE Corporate Ground Lease PARKING 74 SPACES Corporate guaranteed ground lease in premier retail node of Cincinnati Lease features 10% rent escalations every 5 years Tenant reimburses for common area expenses each year Located directly across from the Northgate Mall (100 stores and a 14-screen movie theater) There are over 157,000 residents within a 5-mile radius of the subject property This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 15

16 Aerial Ron a Could Reag ntry an C High ross way Colerain Middle School Colerain Hills Colerain Elementary Stone Creek Towne Center PEBBLE CREEK GOLF COURSE St. John the Baptist School Northgate Mall Colerain High School Colerain Avenue 27 Colerain Avenue Y 29,380 DAIL Central Plaza 126 Colerain Towne Center Houston Early Learning Center 68, ILY DA DOWNTOWN CINCINNATI 240 Northgate Square 126 NORTHGATE SQUARE H&R BLOCK 11 MILES Taylor Elementary 275 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 16

17 Subject Property 17

18 Surrounding Retail IHOP IS A PART OF THE NORTHGATE SQUARE 18

19 Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY TENANT NAME SQ. FT. CURRENT RENT MONTHLY RENT YEARLY RENT MONTHLY RENT/FT YEAR RENT/FT IHOP 6,395 Dec-05 11/30/10 $7,292 $87,500 $1.14 $13.68 Ground Lease 12/01/10 11/30/15 $8,000 $96,000 $1.25 $ /01/15 11/30/20 $105,000 $8,750 $105,000 $1.37 $ /01/20 11/30/25 $9,667 $116,000 $1.51 $ /01/25 11/30/30 $10,583 $127,000 $1.65 $19.86 TOTALS: 6,395 $105,000 $8,750 $105,000 $1.37 $16.42 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 19

20 Site Plan la 6,395 RENTABLE SF 62,813 LAND SF 74 SPACES PYLON SIGN 29,380 VPD Colerain Avenue 27 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 20

21 Tenant Overview ABOUT IHOP Since 1958, IHOP (NYSE:DIN) has served world famous pancakes and a wide variety of breakfast, lunch, and dinner items that are loved by people of all ages. IHOP offers its guests an affordable, everyday dining experience with warm and friendly service. The company is owned by DineEquity and 99% of the restaurants are run by independent franchisees. IHOP has over 1,700 locations across the U.S. and overseas. In 2017 IHOP ranked #12 in Customers Top Service Picks and #23 on the Top 500 Family Style Restuarants List from Restaurant Business Magazine. In 2015 the restaurant chain saw revenues of $3.23 billion, with same-restaurant sales up 8.1%. 1,700+ LOCATIONS WORLD WIDE 2017 TOP 500 FAMILY STYLE RESTAURANTS LIST FROM RESTAURANT BUSINESS #23 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 21

22 Demographics POPULATION 1-MILE 3-MILES 5-MILES ,579 66, , ,512 66, ,014 SUBJECT PROPERTY ,549 66, , HH INCOME 1-MILE 3-MILES 5-MILES Average $60,671 $64,154 $66,110 Median $48,486 $50,730 $51,466 CINCINNATI is the third-largest city in Ohio, with a population of 301,301, and the 65th-largest city in the U.S. The city is part of the much larger Cincinnati-Middletown-Wilmington combined statistical area, which the 2010 consensus identified as having a population of over 2.2 million. Cincinnati is home to 9 Fortune 500 companies, and is considered to have the fastest growing economy in the Midwestern United States, with the cost of living and unemployment rate being below the national average. Cincinnati is home to numerous universities, including the University of Cincinnati and Xavier University, and there are more than 1 million students enrolled at the almost 300 colleges within a 200-mile radius of the city. DOWNTOWN CINCINNATI (11 MILES) THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS IS OVER $66K This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 22

23 Overview BRIDENT DENTAL TOMBALL PARKWAY, HOUSTON, TX LEASABLE SF 4,500 SF LAND AREA 1.10 AC LEASE TYPE NN LEASE EXPIRATION 01/31/2025 YEAR BUILT 2014 PARKING 33 SPACES 10-year lease term with four 5-year options, and 10% rent increases every 5 years Landlord has limited expense obligations, and tenant reimburses for common area maintenance and utilities Brident Dental is an experienced organization, with over 30 locations in Texas Guaranteed by Premier Dental, parent company of Western Dental Located on Tomball Parkway (45,000+ VPD) in a dense retail node, and is pad to Walmart This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 23

24 Aerial The Commons at Willowbrook Stelle Claughton Middle School Lewis Elementary DOWNTOWN HOUSTON Cypress Creek High School Willowchase Shopping Center 15 MILES Willowbrook Mall Link Elementary Davis High School Davis Ninth Grade School Willowbrook Plaza Spence Elementary Conley Elementary Plummer Middle School y wa k ree C ss pre Cy rk Pa 24 9 To m ba Alternative Learning Center Francone Elementary Sam Houston Tollway ll P ar 157,000 DAILY kw ay McDougle Elementary Sam Houston Tollway riv ld e Cook Middle School Gloria B Sammons Elementary a ori em sm an ter Ve Wilbern Elementary 45,098 DAILY Bang Elementary Gleason Elementary Reed Elementary Klein Intermediate Eiland Elementary This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Nitsch Elementary Emmet and Sarah Hill Intermediate 24

25 Subject Property 25

26 Surrounding Retail SURROUNDING RETAIL ALONG TOMBALL PARKWAY 26

27 Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY TENANT NAME SQ. FT. CURRENT RENT MONTHLY RENT YEARLY RENT MONTHLY RENT/FT YEAR RENT/FT Brident Dental 4,500 01/29/15 01/31/20 $162,000 $13,500 $162,000 $3.00 $36.00 NN 02/01/20 01/31/25 $14,850 $178,200 $3.30 $39.60 Option 1 01/02/25 01/31/30 $16,335 $196,020 $3.63 $43.56 Option 2 02/01/30 01/31/35 $17,969 $215,622 $3.99 $47.92 Option 3 02/01/35 01/31/40 $19,765 $237,184 $4.39 $52.71 Option 4 02/01/40 01/31/45 $21,742 $260,903 $4.83 $57.98 TOTALS: 4,500 $162,000 $13,500 $162,000 $3.00 $36.00 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 27

28 Site Plam 45,098 VPD 249 Tomball Parkway PYLON SIGN 4,500 RENTABLE SF NOT A PART 1.10 ACRES 33 SPACES ENTRANCE FOR NOT A PART This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 28

29 Tenant Overview ABOUT BRIDENT DENTAL Brident Dental is a leading dental services organization that offers accessible, affordable, and high-quality dental care to patients of all ages throughout 30+ locations in Texas. The company provides business support services to dental offices owned by licensed dentists, and is affiliated with a dental and oral health maintenance organization that provides services in over 180 locations. Brident Dental is currently dedicating resources towards expanding its presence, which will include acquiring individual dental clinics and group practice management companies, both within and beyond its historical geographical regions. 4,000 EMPLOYEES AT 180 LOCATIONS ABOUT THE FRANCHISEE Premier Dental Services, Inc. is the Guarantor of Brident Dental s Lease, and is the parent company of Western Dental, which is one of the top providers of orthodontic services in the Western U.S. Premier Dental is one of the largest dental services organizations in the United States, with over 180 locations and over 4,000 team members throughout Texas, California, Arizona, Nevada, and Colorado. Based in California, Premier Dental acts as a holding company providing all types of dental and oral health services. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 29

30 Demographics POPULATION 1-MILE 3-MILES 5-MILES , , , , , , , , , HH INCOME SUBJECT PROPERTY DOWNTOWN HOUSTON (15 MILES) 1-MILE 3-MILES 5-MILES Average $51,120 $61,563 $64,334 Median $39,409 $48,617 $48,824 HOUSTON is the most heavily-populated city in the state of Texas, and is the fourth most populous city in the United States, with a censusestimated 2017 population of million within an area of 667 square miles. Houston is located within the Greater Houston metro area, which contains 9 counties, and is the fifth-most populated MSA in the United States. The economy in Houston is one that is diverse, and is universally known for its energy industry, biomedical research, petrochemicals, and aeronautics. In addition, Houston is the top U.S. market for exports, with the ever-busy Port of Houston ranking first in international commerce and tenth among the largest ports in the world. Outside of New York City, Houston has more Fortune 500 headquarters than any other U.S. municipality within its city limits. THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS IS OVER $64K This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 30

31 We d love to hear from you. CHRIS KOSTANECKI ck@capitalpacific.com PH: CA BRE# ZEB RIPPLE zripple@capitalpacific.com PH: CA BRE# JOHN ANDREINI andreini@capitalpacific.com PH: CA BRE# CHRIS PETERS cpeters@capitalpacific.com PH: CA BRE# JACK NAVARRA jnavarra@capitalpacific.com PH: CA BRE# Listed in Conjunction with: Andrew T. Knight, New England Commercial Brokerage andrew@necbrokerage.com Steve Sieling, Azur Commercial Capital, LLC steve@azurcc.com Tim Albro, Crest Commercial Realty Ext. 104 Tim.albro@crestrealtyohio.com This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

32 SFO. PDX. SEA. CAPITALPACIFIC.COM Copyright 2018 Capital Pacific Partners

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