2395 Bert Drive, Hollister

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1 2395 Bert Drive, Class A Industrial Building totaling 240,000 Square Feet 100% NNN Leased to Quality Tenant West Marine to October 21 Centrally Located in, CA in the Highway 101 Corridor between ta Clara & Monterey Counties A NATIONAL PARTNERS INDUSTRIAL INVESTMENT OPPORTUNITY

2 Executive Summary Executive Summary The Offering is pleased to fer a unique opportunity to acquire a Class A industrial building totaling 240,000 square feet in, CA. The property is 100% NNN leased to West Marine (Nasdaq: WMAR), the largest specialty retailer boating supplies and accessories, to October 21. Built in 1995 as a build-to-suit (expanded in 03), the concrete tilt-up building has attractive features including 27 - clearance, an ESFR sprinkler system and a 4-ply built up ro that was replaced in December 11 with a 5 year warranty from the installer and a year warranty from the manufacturer. The building fers ample parking, 27 dock high doors and 4 grade level loading doors. The property is one the only existing Class A warehouse properties above 100,000 SF between the town Salinas in Monterey County and in ta Clara County. Property Summary Address: Square Footage: Tenant: 2395 Bert Drive,, CA ,000 SF West Marine Lease Expiration: October 3, 21 Occupancy: 100% Office SF / %: Land Size: ±12,272 / 5.1% (2-story fice) 12.3 Acres Dock High/Ground Level Doors: 27/4 Clear Height: Bert Drive is located in the Business Park. is ideally located to serve as a manufacturing and distribution hub for all California, due to its access to Interstate 5 and Highway 101, both main north-south arteries, and its proximity to the Bay Area logistics network. Truck Court: Year Built: 1 (60 concrete apron) ±160,000 SF (constructed in 1995) ±80,000 SF (north addition-constructed in 03) Year 1 NOI: $869, Bert Drive,, CA 95023

3 2395 Bert Drive, CA INVESTMENT HIGHLIGHTS Class A Industrial Building - The state--the-art industrial building totals 240,000 square feet on 12.3 acres. Built in 1995 and expanded in 03, the building features an ESFR sprinkler system, 27 - clearance, a 1 truck court, concrete apron and skylights. The building also fers a 4-ply built up ro that was fully replaced in December 11 with a 5 year installation and a year manufacturer warranty, ample parking, 27 dock high doors and 4 grade level loading doors. The building contains 12,272 SF fice, 6,136 SF on the first floor and 6,136 SF on the second floor. The building fers the opportunity to increase the rentable square footage by including the 6,136 square feet second floor fice in a future lease. There is a limited amount Class A buildings in this market, in fact, 2395 Bert is one the only existing Class A warehouse properties above 100,000 square feet between the town Salinas in Monterey County and in ta Clara County. Long-Term Lease to Quality Tenant - The building is 100% leased to West Marine to October 21. The property was a build-to-suit for West Marine, the largest specialty retailer boating supplies and accessories. The Company has 299 company-operated stores located in 38 states, Puerto Rico and Canada and five franchised stores in Turkey. Net revenues for fiscal year 12 were $675.3 million, a $31.8 million, or 4.9%, increase compared to 11. High Tenant Retention - Following an extensive logistics study, West Marine reconfirmed their commitment to the area with their recent 10 year lease extension. Their corporate headquarters is located approximately 28 miles away in Watsonville. Additionally, the location has served as the vital West Coast hub for the company for the past 18 years. Excellent Location - The building is located directly adjacent to the airport and fers convenient access to Interstate 5, via Highway 156 and 25 (two only three highways connecting the Bay Area to I-5) and Highway 101, which fers direct access to Silicon Valley. The site is located ±28 miles north Salinas, the largest industrial market in Monterey County and 45 miles south, the largest industrial market in ta Clara County and is situated in the Business Park, which is the largest and newest industrial park in the area, and houses well-known companies like Innovative Packaging, Milgard Windows and Stericycle. Stabilized Market Dynamics - The industrial base is comprised about 1.5 MSF functional industrial product with another 500,000 SF older non-functional cannery warehouses near the old city center. There continues to be strong demand for large blocks warehouse space above 100,000 SF in the Highway 101 Corridor between ta Clara County and Monterey County. Both the surrounding Silicon Valley warehouse market, which is comprised 42.5 million square feet product, and the Central Valley warehouse market, which is comprised 78 million square feet existing product finished 12 on a very positive note. Below Market Rent - The rent is 18% below market, which provides investors with significant potential upside in net operating income upon expiration. Potential Exit Strategy - The building would be attractive to a user, which can garner a higher sales price in the future. 2

4 Executive Summary Site Plan N 600 BERT DRIVE COMBUSTIBLE STORAGE ROOM 3-LEVEL SMALL PART/PICK MODULE PHASE II 78,000 SF OUTSIDE SERVICE OVER SIZE PRODUCT STORAGE WH REPAIR REPAIR CENTER PHASE I 162,000 SF 270 PATIO BREAK ROOM OFFICES RECEIVING OFFICE RAMP 60 FENCE 1 Legend Dock High Door Grade Level Door Bert Drive,, CA 95023

5 2395 Bert Drive, CA Aerial Milgard Manufacturing N 2395 Bert Drive Packaging Plus Bert Dr Rinchem Company Inc. 4

6 Executive Summary Regional Map Vallejo Vallejo Novato Novato Vallecito Vallecito Concord Concord Richmond Richmond Mill Mill Valley Valley Berkeley Berkeley Walnut Walnut Creek Creek Redwood City City Redwood STOCKTON METRO STOCKTONMETRO METRO STOCKTON Manteca Manteca Danville Danville Stockton Stockton Antioch Antioch Tracy Tracy Modesto Modesto Livermore Livermore Hayward Hayward Fremont Fremont Milpitas Milpitas Cupertino Cupertino Merced Merced Los Los Gatos Gatos Morgan Hill Hill Morgan West Marine Headquarters ta ta Cruz Cruz Pacific Ocean Ocean Pacific 2395 Bert Drive Gilroy Gilroy Madera Madera Watsonville Watsonville Prunedale Prunedale Salinas Salinas Monterey Monterey Carmel Carmel Bert Drive,, CA

7 CAPITAL Markets Experts Darla Longo Vice Chairman/Managing Director Lic Inland Empire Blvd., Suite 100 Ontario, CA Private Capital Expert Michael Kendall Senior Vice President Lic Inland Empire Blvd Ontario, CA CAPITAL MARKETS I DEBT & EQUITY FINANCE Val Achtemeier Executive Vice President Lic val.achtemeier@cbre.com 355 S. Grand Ave., 12th Floor Los Angeles, CA Barbara Emmons Vice Chairman Lic barbara.emmons@cbre.com 355 S. Grand Ave., 12th Floor Los Angeles, CA Rebecca Perlmutter Finkel, CFA Vice President Lic rebecca.perlmutter@cbre.com 355 S. Grand Ave., 12th Floor Los Angeles, CA Local Market Expert Brian Matteoni Senior Vice President Lic brian.matteoni@cbre.com 225 West ta Clara Street, Suite 1050, CA Northeast Michael D. Hines Robert Fahey Lizann McGowan Brian Fiumara Jerome Kranzel Brad Ruppel Southeast Chris Riley Frank Fallon Brian Budnick Jennifer Klingler South central Jack Fraker Josh McArtor Jonathan Bryan Heather McClain North Central Mike Caprile Ted Staszak Stephanie Park Debt & Equity Finance Steve Roth Steve Kundert West Darla Longo Barbara Emmons Rebecca Perlmutter Debt & Equity Finance Val Achtemeier Offering integrated real estate capital markets solutions from strategy to execution delivered by a seamless national partnership 13, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance the property. You and your advisors should conduct a careful, independent investigation the property to determine to your satisfaction the suitability the property for your needs. and the logo are service marks, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property their respective owners. Photos herein are the property their respective owners and use these images without the express written consent the owner is prohibited.