751 Old Clemson Road. Columbia, South Carolina. For more information: For Sale or Lease ±51,162 SF Industrial Building

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1 For Sale or Lease ±51,162 SF Industrial Building 751 Old Clemson Road Columbia, South Carolina THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US BY THE OWNER OF THE PROPERTY OR OTHER SOURCES WE DEEM RELIABLE. WE HAVE NO REASON TO DOUBT ITS ACCURACY, BUT WE DO NOT GUARANTEE IT. ALL INFORMATION SHOULD BE VERIFIED PRIOR TO PURCHASE OR LEASE. For more information: Nick Stomski, SIOR Lee Bussell, Jr Gervais Street, Suite 301 Columbia, South Carolina

2 Executive Summary ±51,162 SF building comprised of: ±4,116 SF Office Space ±47,046 SF Manufacturing & Warehouse Space Constructed using preengineered insulated metal and brick with a standing seam metal roof Building features include: Compressed air lines throughout 100% sprinkler coverage Two (2) 8 x 10 drivein doors One (1) 12 x 11 drivein door One (1) 9 x 9 drivein door 39 x 22 column spacing 35 x 65 secured interior tool storage 15 eave height; 17 center height Electrical features include: 3phase One (1) 800 amp/600 volt Two (2) 800 amp/480 volt Six (6) bulb T5 and T8 lighting 1,000 KVA Transformer Building sits on ±4 acres Secured by fenced in lot 74 parking spaces Zoning: M1, Richland County Lease Rate: $3.00 per SF, NNN Sales Price: $950,000 For Sale or Lease ±51,162 SF Industrial Building CLICK HERE TO WATCH VIDEO 807 Gervais Street, Suite 301 Columbia, South Carolina

3 For Sale or Lease ±51,162 SF Industrial Building 751 Old Clemson Rd. Floor Plan 807 Gervais Street, Suite 301 Columbia, South Carolina

4 Marketing Plan MARKETING PLAN AND CAPABILITIES We will use all of our resources to make sure your property reaches as many potential buyers/tenants as possible. Our objective is to achieve the highest price/highest rental rate in the shortest time possible under terms and conditions most favorable to you. We will establish a comprehensive marketing plan tailored specifically for your property to showcase it in the best light possible. A carefully structured and proactive marketing campaign will work in stages as outlined below: 1. IDENTIFY CLIENT OBJECTIVES AND GOALS Review goals, objectives, capabilities, constraints, with Client. Further review and assess pertinent property documents to include, but not necessarily limited to, architectural review/ landscape guidelines, covenants, appraisals, environmental studies, building and utility infrastructure maps, topographical surveys, floodway/flood plain/wetlands delineations, soil tests, boundary surveys and easements, traffic studies, zoning, etc. Work with Client to identify issues that can/should be addressed prior to initiating marketing plan. Prepare a draft of all multimedia marketing materials for review and approval. 2. IDENTIFY/CONTACT/TARGET PROSPECTS Target tenants in the area. Oneonone direct contact with Agent s exclusive local, regional, national, and international buyers database of tenants. Retail Office Medical Land Timberland Recreational MultiFamily Mixed Use Direct followup all primary contacts. Direct contact of targeted buyers/tenants from secondary research. 3. MARKETING PROGRAM IMPLEMENTATION, TOOLS & RESOURCES Create comprehensive marketing package to showcase property through dedicated inhouse brokerage team (South Carolina s most productive firm for nearly three consecutive decades). Supplemental market studies prepared by NAI Avant covering: Overall Columbia and Charleston markets Market sectors, as appropriate Customized demographic and market data NAI Global market reports and international trends. An active national and international cobrokerage program encouraging other commercial real estate firms to expose the property to their clients. This will include all Agent member firms as well as the broader commercial real estate brokerage community with extensive Eblasts. Internet marketing on NAI Avant and NAI Global s websites as well as through placement on appropriate commercial real estate internet sites. Market property on CoStar ( CoStar is commercial real estate s leading provider of information, analytic marketing services and maintains the largest and most comprehensive database of commercial real estate information. Charleston Commercial MLS. NAI Global agent Opportunity Broadcast System EBlast going out to over 6,700 professionals worldwide in 375 offices. Market property on Loopnet ( Loopnet is the #1 commercial real estate service online, with more site traffic, more members, and more geographic coverage than any other company.

5 Marketing Plan 3. MARKETING PROGRAM IMPLEMENTATION, TOOLS & RESOURCES CONTINUED Meet with Commerce Project Managers and maintain constant communication regarding property availabilities. Establish opportunities with local, regional and state economic development professionals (Central SC Alliance, Charleston Regional Development Alliance, SC Economic Developer s Association). Utilize our McGraw Hill Construction tracking account to capture any and all targeted prospects of significant size entering the South Carolina market. Direct marketing through CCIM with Eblasts, events, and targeted direct contact to over 15,000 members. Include listing in comprehensive listing brochures maintained for broker canvassing. SIOR (Society of Industrial and Office Realtors) functions. NAI Global trade shows. Direct Eblast flyers to proprietary broker databases. Install onsite signage. NAI Avant Social Media: LinkedIn, Facebook, Twitter Interactive and proprietary GIS market information. CCIM (Certified Commercial Investment Management) functions. ULI (Urban Land Institute) events. IREM (Institute of Real Estate Management) functions. Broker Tours We schedule meetings with small groups of brokers to include owner sponsored breakfast or lunch and a tour of the building. Brokers will sit down and talk with us about your project, which gives up an ongoing barometer of how the brokerage community perceives the building. Neighborhood Canvassing By far the most difficult and time consuming part of a wellbalanced marketing campaign yet extremely important to the process is the presentation of a property to potential tenants or buyers by personal doortodoor solicitation. NAI Global Trade Shows As a member of the NAI Global Network, NAI Avant is affiliated with more than 375 offices strategically located throughout the globe, with over 6,700 local market professionals, managing over 380 million square feet of property. NAI Global is the single largest, most powerful global network of owneroperated commercial real estate brokerage firms. Currently, 218 NAI Global agents hold the prestigious SIOR designation, representing onetenth of SIOR s 2,800 members worldwide placing NAI Global 2nd internationally. NAI Avant is a recipient of NAI Global s prestigious Eagle Award, recognizing the top firm in the U.S. secondary markets demonstrating the highest levels of achievement through a combination of leadership, capital resources, commitment to quality and global vision. NAI Global is a wholly owned subsidiary of CIII Capital Partners, LLC (CIII). CIII Capital Partners is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management and principal investment. CIII is the primary servicer for approximately $15 billion and the named special servicer for approximately $160 billion of commercial real estate loans. We uniquely combine an agile platform with experienced real estate teams, backed by the institutional strength of one of the world s leading property investment companies.. Horizontal Marketing We identify certain segments of the market which would most likely benefit from the features of the property. We then conduct a continuous program of telephonecanvassing users in that particular type of business.

6 Marketing Plan 3. MARKETING PROGRAM IMPLEMENTATION, TOOLS & RESOURCES CONTINUED Society of Industrial & Office Realtors (SIOR) Functions The Society of Industrial and Office Realtors organization (SIOR) is the leading professional commercial and industrial real estate association. With more than 3,000 members in more than 580 cities in 28 countries, SIOR represents today s most knowledgeable, experienced, and successful commercial real estate brokerage specialists. Seven NAI Avant brokers hold the prestigious SIOR designation one having served as its international president. Approximately 217 SIOR s serve the Carolinas and Georgia. Currently 217 NAI Global brokers hold the designation representing onetenth of SIOR s 2,800 members worldwide placing NAI Global second internationally. com Certified Commercial Investment Member (CCIM) Functions A CCIM (Certified Commercial Investment Member) is a recognized expert in the commercial and investment real estate industry. A CCIM is part of a global commercial real estate network with over 15,000 members across North America and more than 30 countries. There are over 900 members across the Carolinas and Georgia. Six members of the NAI Avant team hold CCIM designations, one having recently served as the South Carolina state chapter president LISTING SERVICES Qualify prospects experience and capabilities to perform Reduce list of qualified purchasers/tenants Site tours for qualified purchasers/tenants Control information Effective property positioning Provide ongoing updates and advise on recommendations for offering modifications, as appropriate Response coordination for prospect property questions Consultation with client and facilitate (contract/lease) negotiations 5. CLOSING/LEASE EXECUTION PROCESS Establish (closing/lease execution) process Analyze offers Points to consider Buyers/Tenants Price Financial Capabilities Timing Use Terms and Conditions Manage Due Diligence Settlement Urban Land Institute (ULI) Events ULI, the Urban Land Institute, is a nonprofit research and education organization supported by its members. Founded in 1936, the Institute now has members in 95 countries worldwide, representing the entire spectrum of land use and real estate development disciplines working in private enterprise and public service. As the preeminent, multidisciplinary real estate forum, ULI facilitates an open exchange of ideas, information, and experience among local, national, and international industry leaders and policy makers dedicated to creating better places.

7 1 807 Bluff Rd Columbia, SC Sale on 12/19/2014 for $970,500 ($17.68/SF) Research Complete 54,900 SF Class C Manufacturing Building Built in 1961, Renov 1995 SOLD Buyer & Seller Contact Info Recorded Buyer: M and S Properties LLC Recorded Seller: ASW Land Partnership True Buyer: M and S Properties LLC Michael Murphy 920 Hemlock Rd Columbia, SC (803) True Seller: ASW Land Partnership Gary Springer Buyer Type: Individual Seller Type: Developer/OwnerRGNL Buyer Broker: No Buyer Broker on Deal Listing Broker: No Listing Broker on Deal Transaction Details ID: Sale Date: Escrow Length: 12/19/2014 (640 days on market) 60 days Sale Price: $970,500Confirmed Asking Price: $1,249,000 Price/SF: $17.68 Price/AC Land Gross: $425, Sale Type: Bldg Type: Year Built/Age: RBA: Land Area: Owner/User Manufacturing Built in 1961, Renov 1995 Age: 53 54,900 SF 2.28 AC (99,317 SF) Percent Leased: 56.4% Tenancy: Multi Sale Conditions: Deferred Maintenance No. of Tenants: 1 Tenants at time of sale: American Solid Woven Financing: $1,860, from First Citizens Bk&tr Co Legal Desc: Lenghty legal refer to deed. Parcel No: , Document No: Spacer Percent Improved: Total Value Assessed: $24,700 in 2014 Improved Value Assessed Land Value Assessed: $24,700 Land Assessed/AC: $10,833 Spacer Copyrighted report licensed to NAI Avant /15/2017 Page 1

8 807 Bluff Rd SOLD 54,900 SF Class C Manufacturing Building Built in 1961, Renov 1995 (con't) Transaction Notes The 54,900 square foot industrial building located at 807 Bluff road sold on December 19th, 2014 for $970,500, which equates to $17.68 per square foot. The owner was occupying aboult half of the building at the time of purchase. There was extensive work needed to get this building into operation for the new buyer. The buyer financed the purchase of the property through a bank and will use the entire space for his business. This information was gathered from county records and confirmed by the buyer. Current Industrial Information ID: Bldg Type: Manufacturing Bldg Status: Rent/SF/Yr: Built in 1961, Renov 1995 Bldg Vacant: 0 SF Building FAR: 0.55 Office Avail: 0 SF Max Contig: Smallest Space: Land Area: 2.28 AC Lot Dimensions: Ceiling Height: Loading Docks: 4 ext (bldg. total) Cross Docks: No Drive Ins: 1/10'0"w x 10'0"h (total) Sprinklers: Wet Rail Line: None RBA: % Leased: 54,900 SF 100.0% Stories: Total Avail: 1 0 SF Warehouse Avail: 0 SF CAM Zoning: M1 Owner Type: Individual Owner Occupied: No Tenancy: Multi Column Spacing: Levelators: 2 ext Crane: None Const Type: Masonry Rail Spots: None Spacer Property Mix: Expenses: Power: Utilities: Parking: Features: Metro Market: Submarket: County: CBSA: CSA: DMA: Industrial 46,556 SF Office 8,344 SF 2016 $0.46/sf v 3p Gas, Heating, Lighting, Sewer, Water 18 free Surface Spaces are available Signage Columbia Southeast Columbia/Southeast Columbia Richland Columbia, SC ColumbiaOrangeburgNewberry, SC Columbia, SC (84.8%) (15.2%) Location Information Copyrighted report licensed to NAI Avant /15/2017 Page 2

9 Bluff Rd Columbia, SC Sale on 1/9/2017 for $562,500 ($11.54/SF) 48,760 SF Class B Industrial Building Built in 1990 SOLD Buyer & Seller Contact Info Recorded Buyer: Contract Management Group Llc Recorded Seller: Hinson Curtis C 5448 Bluff Rd Columbia, SC Transaction Details ID: Sale Date: Escrow Length: 01/09/2017 (334 days on market) Sale Price: $562,500 Asking Price: $627,000 Price/SF: $11.54 Price/AC Land Gross: $146, Sale Type: Bldg Type: Year Built/Age: RBA: Land Area: Investment Industrial Built in 1990 Age: 27 48,760 SF 3.83 AC (166,830 SF) Percent Leased: 100.0% Tenancy: Multi No. of Tenants: 1 Tenants at time of sale: Welding Shop Parcel No: , , Document No: Spacer Percent Improved: Total Value Assessed: $12,200 in 2015 Improved Value Assessed Land Value Assessed: $12,200 Land Assessed/AC: $3,185 Spacer Copyrighted report licensed to NAI Avant /15/2017 Page 3

10 5448 Bluff Rd SOLD 48,760 SF Class B Industrial Building Built in 1990 (con't) Current Industrial Information ID: Bldg Type: Industrial Bldg Status: Rent/SF/Yr: Built in 1990 Bldg Vacant: 0 SF Building FAR: 0.29 Office Avail: 0 SF Max Contig: Smallest Space: Land Area: 3.83 AC Lot Dimensions: Ceiling Height: 10'0"24'0" Loading Docks: (bldg. total) Cross Docks: Drive Ins: Yes (total) Sprinklers: Rail Line: None RBA: % Leased: 48,760 SF 100.0% Stories: Total Avail: 1 0 SF Warehouse Avail: 0 SF CAM Zoning: M1 Owner Type: Owner Occupied: Tenancy: Multi Column Spacing: Levelators: Crane: Const Type: Rail Spots: Spacer Expenses: Power: Metro Market: Submarket: County: CBSA: CSA: DMA: 2016 $0.01/sf 480a 3p Location Information Columbia Southeast Columbia/Southeast Columbia Richland Columbia, SC ColumbiaOrangeburgNewberry, SC Columbia, SC Copyrighted report licensed to NAI Avant /15/2017 Page 4

11 5448 Bluff Rd SOLD 48,760 SF Class B Industrial Building Built in 1990 (con't) Parcel Number: , , Legal Description: County: Richland Plat Map: 5448 Bluff Rd Copyrighted report licensed to NAI Avant /15/2017 Page 5

12 Fairfield Rd Columbia, SC Sale on 6/6/2014 for $625,000 ($13.48/SF) Research Complete 46,368 SF Class B Warehouse Building Built in 1988 SOLD Buyer & Seller Contact Info Recorded Buyer: White Realty of Columbia, LLC Recorded Seller: The Lender Group Inc. 3 London Rd Pound Ridge, NY True Buyer: J. Robert White Robert White 5728 Shakespeare Rd Columbia, SC (803) True Seller: Buyer Type: Individual Listing Broker: Newmark Grubb Wilson Kibler George Meetze (803) Transaction Details ID: Sale Date: Escrow Length: 06/06/2014 (186 days on market) Sale Price: $625,000Confirmed Asking Price: $950,000 Price/SF: $13.48 Price/AC Land Gross: $86, Percent Leased: 100.0% Tenancy: Single Spacer Sale Type: Bldg Type: Year Built/Age: RBA: Land Area: Transaction Notes Investment Warehouse Built in 1988 Age: 26 46,368 SF 7.21 AC (314,068 SF) On June 9th, 2014, the 46,368 SF industrial building at 7404 Fairfield Road in Columbia, SC was sold for $625, or $13.48 per SF. The sale date, square footage, and sale price were verified with the listing broker. Copyrighted report licensed to NAI Avant /15/2017 Page 6

13 7404 Fairfield Rd SOLD 46,368 SF Class B Warehouse Building Built in 1988 (con't) Current Industrial Information ID: Bldg Type: Warehouse Bldg Status: Rent/SF/Yr: Built in 1988 Bldg Vacant: 0 SF Building FAR: 0.15 Office Avail: 0 SF Max Contig: Smallest Space: Land Area: 7.21 AC Lot Dimensions: Ceiling Height: 22'0"25'0" Loading Docks: 4 ext (bldg. total) Cross Docks: Drive Ins: Sprinklers: Yes Rail Line: None RBA: % Leased: 46,368 SF 100.0% Stories: Total Avail: 1 0 SF Warehouse Avail: 0 SF CAM Zoning: M1 Owner Type: Individual Owner Occupied: Tenancy: Single Column Spacing: Levelators: Crane: Const Type: Rail Spots: Spacer Property Mix: Expenses: Power: Metro Market: Submarket: County: CBSA: CSA: DMA: Industrial Office 2013 $0.43/sf 3p Columbia North Columbia/North Columbia Richland Columbia, SC ColumbiaOrangeburgNewberry, SC Columbia, SC Location Information () () Copyrighted report licensed to NAI Avant /15/2017 Page 7

14 Rosewood Dr Columbia, SC Sale on 9/26/2013 for $753,266 ($15.94/SF) Research Complete (Part of MultiProperty) 47,245 SF Class C Warehouse Building Built in 1970, Renov 2006 SOLD Buyer & Seller Contact Info Recorded Buyer: MLCT Properties, LLC Recorded Seller: Romer Building Partnership True Buyer: Myrtle T. Robinson Myrtle Robinson 6117 Lakeshore Dr Columbia, SC (803) True Seller: Rogers Family, LLC Louise Slater 645 Rosewood Dr Columbia, SC (803) Meredith Family, LLC Judith Bessinger 14 Sunturf Cir Columbia, SC Buyer Type: Individual Buyer Broker: Colliers International Charles Salley (803) Listing Broker: No Listing Broker on Deal Transaction Details ID: Sale Date: Escrow Length: 09/26/ days Sale Price: $753,266Allocated Asking Price: Price/SF: $15.94 Price/AC Land Gross: $171, Sale Type: Bldg Type: Year Built/Age: RBA: Land Area: Investment Warehouse Built in 1970, Renov 2006 Age: 43 47,245 SF 4.40 AC (191,664 SF) Percent Leased: 100.0% Tenancy: Multi Sale Conditions: Purchase By Tenant Transfer Tax: $10, No. of Tenants: 1 Tenants at time of sale: Jushi USA Fiberglass Co LTD Legal Desc: PARCEL A SU INDUSTRIAL PARK #PR 13153, R166 Document No: Copyrighted report licensed to NAI Avant /15/2017 Page 8

15 Rosewood Dr SOLD 47,245 SF Class C Warehouse Building Built in 1970, Renov 2006 (con't) Spacer Transaction Notes The information in this sales comparable report has been verified with sources deemed reliable on both sides of the transaction. On September 26th, 2013, the three (3) Industrial Warehouses totaling 133,011 squarefeet located at 649, 651, and Rosewood Drive in Columbia, South Carolina sold for $2,781,000 or $20.90 per squarefoot. The properties are zoned HI (Heavy Industrial) by Richland County, and the buildings were 90% occupied at the time of the sale by three (3) tenants. One of those tenants is the buyer. The property was never truly marketed, the seller informed each of the tenants that it was going onto the market and the buyer offered to purchase it before it was made available to the public. The transaction was under contract for an estimated 135 days before it closed. The buyer was attracted to the transaction because the seller was looking to divest the property and, as a tenant, they did not want to face the possibility of having to relocate. The amount of time the buyer occupied this property has not been disclosed. No option was involved. Income Expense Data Expenses Taxes Operating Expenses Total Expenses $79,523 $79,523 Current Industrial Information ID: Bldg Type: Warehouse Bldg Status: Rent/SF/Yr: Built in 1970, Renov 2006 $2.95 Bldg Vacant: 20,367 SF Building FAR: 0.25 Office Avail: 0 SF Max Contig: 73,962 SF Smallest Space: 16,614 SF Land Area: 4.40 AC Lot Dimensions: Ceiling Height: 16'10"22'0" Loading Docks: 6 ext (bldg. total) Cross Docks: Drive Ins: 2/10'0"w x 12'0"h (total) Sprinklers: Rail Line: None RBA: % Leased: 47,245 SF 56.9% Stories: Total Avail: 1 36,981 SF Warehouse Avail: 36,981 SF CAM Zoning: HI Owner Type: Public REIT Owner Occupied: No Tenancy: Multi Column Spacing: 30'w x 33'd Levelators: 1 ext Crane: None Const Type: Steel Rail Spots: Spacer Property Mix: Expenses: Utilities: Parking: Metro Market: Submarket: County: CBSA: CSA: DMA: Industrial (100.0%) 2013 $1.27/sf Gas Natural, Lighting Fluorescent, Sewer City, Water City 22 free Surface Spaces are available; Ratio of 0.46/1,000 SF Location Information Columbia Southeast Columbia/Southeast Columbia Richland Columbia, SC ColumbiaOrangeburgNewberry, SC Columbia, SC Copyrighted report licensed to NAI Avant /15/2017 Page 9

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17 Lease Comps Summary Lease Comps Report Deals 7 Asking Rent Per SF $2.52 Starting Rent Per SF $1.95 Avg. Months On Market 27 LEASE COMPARABLES SUMMARY STATISTICS Rent Deals Low Average Median High Asking Rent Per SF Starting Rent Per SF Effective Rent Per SF Asking Rent Discount TI Allowance Months Free Rent $1.00 $0.80 $ % 1 $2.52 $1.95 $ % 2 $2.65 $1.68 $ % 2 $3.50 $3.05 $ % 2 Lease Attributes Deals Low Average Median High Months on Market Deal Size Lease Deal in Years Floor Number , GRND 27 53, GRND 17 53, , Copyrighted report licensed to NAI Avant /15/2017 Page 1

18 Lease Comps Summary Lease Comps Report Lease Rents Property Name Address Rating SF Leased Floor Sign Date Type Rent Rent Type 1 Climatic Building 715 Bluff Rd 59,205 1st 2/4/2015 New $3.25/nnn Asking Universal Dr 51,560 1st 8/4/2014 New $2.50/nnn Asking Laurel St 53,464 1st 1/1/2014 New $3.50/nnn Asking Bluff Rd 54,073 GRND 11/2/2013 New $2.75/nnn Asking Joseph Walker Dr 60,000 1st 4/5/2013 New $3.05/nnn Starting Shop Rd 50,053 1st 10/1/2011 New $1.69/+util Effective Veterans Rd 45,053 1st 3/10/2011 New $0.80/nnn Starting Copyrighted report licensed to NAI Avant /15/2017 Page 2

19 Lease Comps Details Lease Comps Report Bluff Rd Climatic Building Columbia, SC Southeast Columbia Submarket TENANT Tenant Name: City of Columbia LEASE SF Leased: 59,205 SF Sign Date: Feb 2015 Space Use: Industrial Lease Type: Direct Floor: 1st Floor RENTS Asking Rent: $3.25/NNN PROPERTY EXPENSES Taxes: $0.71/SF (2016) LEASE TERM Start Date: Feb 2015 TIME ON MARKET Date On Market: Aug 2009 Date Off Market: May 2015 Months on Market: 66 Months TIME VACANT Date Vacated: Aug 2009 Date Occupied: Jun 2015 Months Vacant: 70 Months MARKET AT LEASE Vacancy Rate 2015 Q1 YOY Current Building 100% 0.0% Submarket 24 Star 12.7% 2.0% Metro Overall 10.6% 0.4% Asking Rent Per SF 2015 Q1 YOY Current Building $3.25 Submarket 24 Star Metro Overall $3.61 $ % 5.2% Submarket Leasing Activity 2015 Q1 YOY 12 Mo. Leased SF 775,225 Months On Market % 7.5 LEASING REP NAI Avant 807 Gervais St, Suite 301 Columbia, SC Nick Stomski, SIOR (803) Robert A. Lapin (803) PROPERTY Property Type: Industrial Status: Built 1967 Tenancy: Single Class: C Construction: Metal Parking: 36 free Surface Space Rentable Area: 59,205 SF Stories: 1 Floor Size: 59,205 SF Ceiling Height: 18'6"25'5" Vacancy at Lease: 100% Land Acres: 2.36 Copyrighted report licensed to NAI Avant /15/2017 Page 3

20 Lease Comps Details Lease Comps Report Universal Dr Columbia, SC Southeast Columbia Submarket TENANT Tenant Name: Bass Pallets LEASE SF Leased: 51,560 SF Sign Date: Aug 2014 Space Use: Industrial Lease Type: Direct Floor: 1st Floor LEASE TERM Start Date: Jan 2015 RENTS Asking Rent: $2.50/NNN CONCESSIONS AND BUILDOUT Buildout Status: Full BuildOut PROPERTY EXPENSES Taxes: $0.14/SF (2016) TIME ON MARKET Date On Market: Apr 2014 Date Off Market: Sep 2014 Months on Market: 4 Months TIME VACANT Date Occupied: Jan 2015 MARKET AT LEASE Vacancy Rate 2014 Q3 YOY Current Building 0.0% 0.0% Submarket 13 Star 11.1% 2.6% Metro Overall 10.0% 1.6% Asking Rent Per SF 2014 Q3 YOY Current Building $2.50 Submarket 13 Star $3.46 Metro Overall $ % 14.9% Submarket Leasing Activity 2014 Q3 YOY 12 Mo. Leased SF 722,120 Months On Market % 5.7 LEASING REP NAI Avant 807 Gervais St, Suite 301 Columbia, SC Nick Stomski, SIOR (803) Robert A. Lapin (803) PROPERTY Property Type: Industrial Status: Built 1977 Tenancy: Single Class: C Construction: Steel Parking: 30 free Surface Space TENANT REP NAI Avant 807 Gervais St, Suite 301 Columbia, SC Nick Stomski, SIOR (803) Rentable Area: 51,560 SF Stories: 1 Floor Size: 51,560 SF Ceiling Height: 15'15'6" Vacancy at Lease: 0.0% Land Acres: 2.93 Copyrighted report licensed to NAI Avant /15/2017 Page 4

21 Lease Comps Details Lease Comps Report Laurel St Columbia, SC CBD Submarket TENANT Tenant Name: Industry: Vital Records Control of South Carolina Retailers/Wholesalers LEASE SF Leased: 53,464 SF Sign Date: Jan 2014 Space Use: Industrial Lease Type: Direct Floor: 1st Floor LEASE TERM Start Date: Jan 2014 RENTS Asking Rent: $3.50/NNN CONCESSIONS AND BUILDOUT Buildout Status: Full BuildOut PROPERTY EXPENSES Taxes: $0.55/SF (2016) TIME ON MARKET Date On Market: May 2013 Date Off Market: Jan 2014 Months on Market: 8 Months TIME VACANT Date Vacated: Nov 2012 Date Occupied: Jan 2014 Months Vacant: 14 Months MARKET AT LEASE Vacancy Rate 2014 Q1 YOY Current Building 0.0% Submarket 24 Star 7.3% Metro Overall 10.2% 100% 18.3% 3.2% Asking Rent Per SF 2014 Q1 YOY Current Building $3.50 Submarket 24 Star $4.69 Metro Overall $ % 7.6% Submarket Leasing Activity 2014 Q1 YOY 12 Mo. Leased SF 95,586 Months On Market ,503. 5% 12.5 LEASING REP Newmark Grubb Wilson Kibler 1111 Laurel St Columbia, SC George Meetze (803) PROPERTY Property Type: Industrial Status: Built 1963 Tenancy: Single Class: B Construction: Masonry Parking: 28 free Surface Space TENANT REP Newmark Grubb Wilson Kibler 1111 Laurel St Columbia, SC George Meetze (803) Rentable Area: 54,735 SF Stories: 1 Floor Size: 54,735 SF Ceiling Height: 20'37' Vacancy at Lease: 0.0% Land Acres: 1.76 Copyrighted report licensed to NAI Avant /15/2017 Page 5

22 Lease Comps Details Lease Comps Report Bluff Rd Columbia, SC Southeast Columbia Submarket TENANT Tenant Name: Smith Drayline LEASE SF Leased: 54,073 SF Sign Date: Nov 2013 Space Use: Industrial Lease Type: Direct Floor: GRND Floor RENTS Asking Rent: $2.75/NNN PROPERTY EXPENSES Taxes: $0.09/SF (2016) Operating Exp.: $0.39/SF (2014) LEASE TERM Start Date: Apr 2014 TIME ON MARKET Date On Market: Mar 2014 Date Off Market: Apr 2014 Months on Market: 4 Mos TIME VACANT Date Vacated: Jun 2009 Date Occupied: Apr 2014 Months Vacant: 58 Months MARKET AT LEASE Vacancy Rate 2013 Q4 YOY Current Building 99.8% 0.0% Submarket 13 Star 12.5% 1.4% Metro Overall 11.2% 1.5% Asking Rent Per SF 2013 Q4 YOY Current Building $2.75 Submarket 13 Star Metro Overall $3.67 $ % 2.5% Submarket Leasing Activity 2013 Q4 YOY 12 Mo. Leased SF 721,801 Months On Market % 4.7 LEASING REP Colliers International 1301 Gervais St, Suite 600 Columbia, SC Charles Salley, SIOR (803) Dave Mathews (803) PROPERTY Property Type: Industrial Status: Built 1961 Tenancy: Multi Class: C Construction: Masonry Parking: 80 free Surface Space Rentable Area: 174,172 SF Stories: 1 Floor Size: 174,172 SF Ceiling Height: 13'10"21'10" Vacancy at Lease: 99.8% Land Acres: Copyrighted report licensed to NAI Avant /15/2017 Page 6

23 Lease Comps Details Lease Comps Report Joseph Walker Dr Elgin, SC Northeast Columbia Submarket TENANT Tenant Name: Industry: UTi Integrated Logisitics, Inc. Business Services LEASE SF Leased: 60,000 SF Sign Date: Apr 2013 Space Use: Industrial Lease Type: Direct Floor: 1st Floor LEASE TERM Start Date: May 2013 Lease Term: 2 Years RENTS Asking Rent: $2.65/NNN Starting Rent: $3.05/NNN CONCESSIONS AND BUILDOUT Asking Discount: 15.09% Mo. Free Rents: 2 Months Buildout Status: Full BuildOut PROPERTY EXPENSES Taxes: $0.62/SF (2011) MARKET AT LEASE Vacancy Rate 2013 Q2 YOY Current Building 32.3% Submarket 24 Star 15.9% Metro Overall 12.6% 67.4% 2.4% 0.4% Asking Rent Per SF 2013 Q2 YOY Current Building $2.65 Submarket 24 Star Metro Overall $3.50 $ % 3.0% Submarket Leasing Activity 2013 Q2 YOY 12 Mo. Leased SF 372, % Months On Market TIME ON MARKET Date On Market: May 2011 Date Off Market: Apr 2013 Months on Market: 24 Months LEASING REP Colliers International 1301 Gervais St, Suite 600 Columbia, SC Dave Mathews (803) Charles Salley, SIOR (803) PROPERTY Property Type: Industrial Status: Built 1984 Tenancy: Multi Class: B Construction: Metal Parking: 100 free Surface Spa TIME VACANT Date Vacated: Oct 2011 Date Occupied: May 2013 Months Vacant: 19 Months Rentable Area: 186,000 SF Stories: 1 Floor Size: 186,000 SF Ceiling Height: 22'6"24' Vacancy at Lease: 32.3% Land Acres: Copyrighted report licensed to NAI Avant /15/2017 Page 7

24 Lease Comps Details Lease Comps Report Shop Rd Columbia, SC Southeast Columbia Submarket TENANT Tenant Name: Industry: SC Liquidators Retailers/Wholesalers LEASE SF Leased: 50,053 SF Sign Date: Oct 2011 Space Use: Industrial Lease Type: Direct Floor: 1st Floor LEASE TERM Start Date: Oct 2011 Expiration Date: Sep 2016 Lease Term: 5 Years RENTS Asking Rent: $1.60/+UTIL Starting Rent: $1.68/+UTIL Effective Rent: $1.69/+UTIL CONCESSIONS AND BUILDOUT Asking Discount: 5.00% Mo. Free Rents: 1 Month Buildout Status: Full BuildOut PROPERTY EXPENSES Taxes: $0.27/SF (2016) Operating Exp.: $0.37/SF (2011Est) MARKET AT LEASE Vacancy Rate 2011 Q4 YOY Current Building 100% 0.0% Submarket 13 Star 14.5% 1.0% Metro Overall 12.2% 1.8% Asking Rent Per SF 2011 Q4 YOY Current Building $1.60 Submarket 13 Star Metro Overall $3.43 $ % 0.1% Submarket Leasing Activity 2011 Q4 YOY 12 Mo. Leased SF 275, % Months On Market TIME ON MARKET Date On Market: Jun 2007 Date Off Market: Oct 2011 Months on Market: 52 Months LEASING REP NAI Avant 807 Gervais St, Suite 301 Columbia, SC Lee Marsha (803) PROPERTY Property Type: Industrial Status: Built 1940 Tenancy: Single Class: C Construction: Masonry Parking: 24 free Surface Space TIME VACANT Date Vacated: Sep 2007 Date Occupied: Oct 2011 Months Vacant: 49 Months Rentable Area: 52,313 SF Stories: 1 Floor Size: 52,313 SF Ceiling Height: 10'12' Vacancy at Lease: 100% Land Acres: 2.00 Copyrighted report licensed to NAI Avant /15/2017 Page 8

25 Lease Comps Details Lease Comps Report Veterans Rd Columbia, SC Southeast Columbia Submarket TENANT Tenant Name: American Recycling Inc Industry: Retailers/Wholesalers NAICS: Recyclable Material Merchant Wholesalers LEASE SF Leased: 45,053 SF Sign Date: Mar 2011 Space Use: Industrial Lease Type: Direct Floor: 1st Floor LEASE TERM Start Date: Mar 2011 Expiration Date: Mar 2012 Lease Term: 1 Year RENTS Asking Rent: $1.00/NNN Starting Rent: $0.80/NNN CONCESSIONS AND BUILDOUT Asking Discount: 20.00% Mo. Free Rents: 2 Months Buildout Status: Full BuildOut PROPERTY EXPENSES Taxes: $0.20/SF (2016) MARKET AT LEASE TIME ON MARKET Date On Market: Mar 2010 Date Off Market: Mar 2011 Months on Market: 12 Months TIME VACANT Date Occupied: Mar 2011 Vacancy Rate 2011 Q1 YOY Current Building Submarket 13 Star Metro Overall 0.0% 1.2% 0.0% 0.2% Asking Rent Per SF 2011 Q1 YOY Current Building $1.00 Submarket 13 Star Metro Overall $1.00 $ % 7.2% Submarket Leasing Activity 2011 Q1 YOY LEASING REP Newmark Grubb Wilson Kibler 1111 Laurel St Columbia, SC George T. McCutchen III, SIOR (803) 2558 Jeremy G. Wilson CPM, CCIM (803) TENANT REP CBRE 1333 Main St, Suite 210 Columbia, SC Mac Ogburn CBRE 200 Meeting St, Suite 202 Charleston, SC Michael Carmody, Jr. (843) X Mo. Leased SF 0 Months On Market PROPERTY Property Type: Specialty Rentable Area: 64,043 SF Status: Built 1964 Stories: 1 Tenancy: Floor Size: 46,350 SF Class: C Land Acres: 5.76 Construction: Metal Parking: 47 free Surface Space Copyrighted report licensed to NAI Avant /15/2017 Page 9

26 Rents Lease Comps Report Asking Rent Per SF $2.52 Starting Rent Per SF $1.95 Effective Rent Per SF $1.69 Avg. Months Free Rent 1.7 DEALS BY ASKING, STARTING AND EFFECTIVE RENT DEALS BY ASKING RENT DISCOUNT DEALS BY MONTHS FREE RENT Copyrighted report licensed to NAI Avant /15/2017 Page 10