2299 West Obispo Avenue, Gilbert, AZ SINGLE TENANT TECH OFFICE INVESTMENT OPPORTUNITY

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1 E X E C U T I V E S U M M A R Y 2299 West Obispo Avenue, Gilbert, AZ SINGLE TENANT TECH OFFICE INVESTMENT OPPORTUNITY % N N N L E A S E D T O G O D A D D Y. C O M T H R O U G H

2 EXECUTIVE SUMMARY NKF CAPITAL MARKETS, AS EXCLUSIVE ADVISOR, IS PLEASED TO PRESENT THE OPPORTUNITY TO ACQUIRE THE FEE-SIMPLE INTEREST IN EL DORADO TECH CENTER, (THE PROPERTY), A 180,480 SQUARE FOOT CORPORATE OFFICE BUILDING LOCATED AT 2299 WEST OBISPO AVENUE IN GILBERT, ARIZONA.

3 El Dorado Tech Center provides investors the opportunity to acquire a cutting edge, creative office project with a global technology tenant providing long term, durable cash flows, in a market poised for sustained growth and capital appreciation. El Dorado Tech Center is 100% leased to GoDaddy.com (NYSE: GDDY) on a NNN basis through December The existing lease structure includes: LEASE SUMMARY EXPIRATION December 2027 ANNUAL ESCALATIONS $0.50 PSF LEASE TYPE NNN YEAR 1 NOI $2.6M PROPERTY SUMMARY ADDRESS SIZE SITE AREA BUILT 1998 RENOVATION 2017 OCCUPANCY PARKING 2299 West Obispo Avenue Gilbert, Arizona ,480 RSF Acres 100% Leased 1,077 Surface stalls (6.0:1,000 RSF) Remaining in-place lease term of >10 years Contractual rental rate increases of $0.50 PSF Two (2), five-year options to extend GoDaddy is the global market leader in domain name registration and the world s largest cloud platform dedicated to small, independent ventures. Annual revenues exceeding $2.0 billion (TTM) Market capitalization of $7.26 billion YoY Revenue Growth of 22%+ Having recently completed the acquisition of Host Europe Group (HEG), the largest privately owned web services provider in Europe, GoDaddy now has more than: 17 million customers worldwide 72 million domain names under management 7,000 employees across the globe El Dorado Tech Center is a high-image, corporate office project that serves as a critical, 24-hour customer service center and engineering site for GoDaddy. Currently undergoing a transformative $15M+ progressive office renovation Supports 1,400+ jobs as GoDaddy s largest operational center in Arizona Expansive 15.1-acre improved site offering 6.0 per 1,000 SF parking ratio Strategic Southeast Valley location within Phoenix s Technology Corridor

4 INVESTMENT HIGHLIGHTS LONG-TERM, STABLE CASH YIELDS El Dorado Tech Center is 100% leased to GoDaddy.com through December 2027 and the Property serves as a critical communications and engineering facility closely located to the company s global headquarters in Scottsdale, Arizona. Furthermore, the lease is fully guaranteed by the pre-ipo parent and the current primary operating entity of GoDaddy, Inc. (NYSE: GDDY), Desert Newco, LLC. Desert Newco is the most significant financial entity within GoDaddy, providing the new owner with extremely durable, long-term cash flows. ANNUAL FIXED RENTAL RATE ESCALATIONS The contract rent is subject to $0.50 per square foot annual fixed rent escalations that provide just over $30.2 million in revenue over the life of the lease. This structure provides attractive, bond-like yields to the acquirer with consistent annual NOI growth over the full term of the lease. VIBRANT TECH DRIVEN MARKET The Chandler/Gilbert corridor is the premier office and corporate campus market in the greater metro Phoenix Area and is the preferred location for the region s burgeoning technology industry. Often referred to as the Silicon Desert, the region is fast becoming the innovation and technology hub of the Southwest. Notable high tech companies that call the region home include blue chip household names such as Apple, IBM and Intel as well as an ever increasing number of start-ups flocking to the area to take advantage of a growing, highly educated talent pool, a corporate tax rate of 4.9% (nearly half of California) and a very high quality of life for a much lower affordability quotient.

5 DOWNTOWN PHOENIX 101 SKY HARBOR INTERNATIONAL AIRPORT SCOTTSDALE TEMPE 60 N Arizona Avenue W Obispo Avenue W Guadalupe Road W Obispo Avenue

6 BY THE NUMBERS $2,000,000,000 ANNUAL REVENUES $7,260,000,000 MARKET CAPITALIZATION 17,000,000 PAYING CUSTOMERS 72,000,000 DOMAINS UNDER MGMT 7,000 EMPLOYEES WORLDWIDE 100 COUNTRIES GLOBAL, HIGH GROWTH TECHNOLOGY TENANT With annual revenues exceeding $2.0 billion, a market capitalization of $7.26 billion, and year-overyear revenue growth of 22%, GoDaddy is the global market leader in domain name registration and the world s largest cloud platform dedicated to small, independent ventures. Having recently completed the acquisition of Host Europe Group (HEG), the largest privately owned web services provider in Europe, GoDaddy now has over 17 million customers worldwide, 72 million domain names under management and more than 7,000 employees across the globe.

7 Lobby Concept Second Floor Work Spaces TRANSFORMING ASSET/SIGNIFICANT CAPITAL INVESTED El Dorado Tech Center is currently undergoing a comprehensive refurbishment and full reposition to a modern, progressive technology office environment. A $10.3-million improvement allowance was granted as a component of the new longterm lease, complimenting GoDaddy s own $5 million capital contribution. Plans call for widespread improvements to the Property s interior and exterior spaces, transforming El Dorado Tech Center into a state-of-the-art, creative technology-focused office environment with long-term value and reusability. COMMITTED TENANCY GoDaddy has occupied space at El Dorado Tech Center since In 2017, the company reaffirmed its commitment to the Property by signing a new 11-year lease for the entire 180,480 square foot building, which serves as a 24-hour customer service center and engineering site for nearly 1,400 employees. Additionally, GoDaddy signed a development agreement with the City of Gilbert guaranteeing a total minimum investment in the Property of $15 million and promising to retain more than 1,350 high paying jobs in Gilbert TENANCY COMMENCED $15,000,000 CAPITAL INVESTMENT 1,364 CURRENT EMPLOYEES 10+ YEARS REMAINING LEASE TERM

8 2299 West Obispo Avenue, Gilbert, AZ INVESTMENT CONTACTS FINANCING CONTACTS KEVIN SHANNON DAVID MILESTONE President, West Coast Capital Markets BRUNSON HOWARD Senior Managing Director KEN WHITE Executive Managing Director RICK STUMM Executive Managing Director BRETT GREEN Managing Director LOCAL MARKET CONTACT MIKE GARLICK Senior Managing Director Managing Director PAUL JONES Senior Managing Director SEPTEMBER 2017 The broker for a purchaser of the Property shall be entitled to receive a real estate commission only in the event that broker and the Property s owner execute a written commission agreement, containing the manner of calculation of that commission and all conditions to its payment and the satisfaction of those conditions. Absent a written agreement to the contrary between that broker and NKF, that broker shall not look to NKF for payment of such a commission or any other compensation. Although all information furnished regarding Property for sale, lease, or financing has been obtained from sources deemed to be reliable, that information has not been verified by NKF and no express representation is made nor is any to be implied as to the accuracy thereof. That information is subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by NKF s client. Corporate License #