INVESTMENT SUMMARY OAKLAND RIDGE COLUMBIA, MD 3 SINGLE STORY, FLEX ASSETS 84,514 SQUARE FEET 100% LEASED

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1 INVESTMENT SUMMARY OAKLAND RIDGE 3 SINGLE STORY, FLEX ASSETS 84,514 SQUARE FEET 100% LEASED

2 OAKLAND RIDGE OAKLAND RIDGE PORTFOLIO NKF Capital Markets is pleased to offer for sale a three (3) asset, 84,514 square foot flex portfolio located in Columbia, Maryland. This offering is an excellent opportunity for an investor to acquire three, institutionally maintained, highly functional flex assets in the heart of thriving Columbia, the largest city in the Baltimore-Washington Corridor, equidistant from both major cities. Sykesville The Oakland Ridge Portfolio (or, BALTIMORE Portfolio ) is currently 100% Pikesville leased, providing strong nearterm cash flow with future upside by bringing rents to market as tenants COUNTY Randallstown roll. 795 Milford Mill Lochearn 83 3 THREE ASSETS 84,514 SQUARE FEET 70 OAKLAND RIDGE COLUMBIA, HOWARD MD COUNTY 16 MILES Catonsville 695 BALTIMORE % LEASED ensington thesda MONTGOMERY COUNTY Chillum Highland Calverton Fulton 95 WASHINGTON Beltsville 28 MILES Savage Goddard 100 South Laurel Jessup 32 Glenn Dale BOWIE Fort Meade 295 Odenton Severn ANNE ARUNDEL COUNTY Crofton LINTHICUM Gambrills 97 Millersville GLEN BURNIE South Gate Parole 695 maps hk-ny.com 15 TENANTS RENTS ARE 15% BELOW MARKET 396 Investment Summary Woodlawn Mitchellville Woodmore 595 Davidsonville

3 Frederick Cockeysville Gaithersburg OAKLAND RIDGE Rockville Ellicott City Baltimore Miles to Baltimore Drive time 24 Minutes C h e s a p e a k e B a y Bethesda 50 Annapolis Washington, D.C Miles to Annapolis Drive time 36 Minutes Miles to Washinton, D.C Drive time 40 Minutes Alexandria 2

4 OAKLAND RIDGE 8990 ROUTE ,550 square feet 100% leased 1 Tenant: Bon Secours Health System Moody s A2 credit rating 3% Rent Escalations Current rent is 10% below market 8980 ROUTE ,833 square feet 100% leased 7 Tenants Major Tenant: Howard County (one of only 43 AAA credit rated counties in the nation) Average tenant size just under 5,000 square feet Average rent 20% below market 8970 ROUTE ,131 square feet 100% leased 7 Tenants Average tenant size 2,500 square feet Average rent 15% below market Investment Summary

5 Investment Summary COLUMBIA IS LIVE / WORK / PLAY Over 754 units of brand new, first class multifamily recently constructed or currently under construction in Columbia Epicenter of the region s top employers, great proximity to Washington DC, Baltimore, Fort Meade/National Security Agency, Social Security Administration, University of Maryland Health System, Johns Hopkins, and Under Armour Superior access to more than 200 retailers at The Mall in Columbia, hundreds of employers, entertainment, and recreation EXCEPTIONAL FUNDAMENTALS 1/10th of a mile to the new Howard County Courthouse development Major retail corridor minutes from Columbia Town Center Nationally sought after demographics 3rd wealthiest county in the US Strongest performing submarket in the Baltimore- Washington Corridor 4

6 OAKLAND RIDGE OAKLAND RIDGE PARK SUMMARY The overall Oakland Ridge Park consists of 2.3 million square feet of primarily single story office and small bay industrial product. With only 4.9% vacancy across the park, Oakland Ridge thrives due to its central location in the Baltimore-Washington Corridor. This location is made even stronger by the intersection of MD-29, MD-100, and Route 108, all within one mile from Oakland Ridge. Howard County also recently selected a neighboring property for development of the future Howard County Courthouse (shown on the following aerial). The 237,000 square foot project is estimated to cost north of $140 million ($75 million funded by Howard County). The addition of the courthouse to the area will attract a number of new, higher end tenants, reduce vacancy even further, and help increase rents. Construction is expected to begin in August 2019 with an opening date in the summer of Oakland Ridge Park Vacancy 2.3 MILLION SF 54 BUILDINGS 4.9% VACANCY 12.00% 10.00% 8.00% 6.00% $13.80 AVERAGE NNN ASKING RENT 4.00% 2.00% 0.00% % 10 YEAR AVERAGE HISTORICAL OCCUPANCY Investment Summary

7 Investment Summary $140M project 237,000 SF Opening Summer 2021 Future Howard County Courthouse 100 OAKLAND RIDGE

8 CONTACTS CAPITAL MARKETS Cristopher Abramson Executive Managing Director T M cabramson@ngkf.com Brian Kruger Senior Managing Director T M bkruger@ngkf.com Nicholas Signor Director T M nsignor@ngkf.com Ben McCarty Associate T M ben.mccarty@ngkf.com