CMA Detail Report Southcenter South Industrial Park Cascade Ave S Tukwila WA King County Sale Price: $ 101,583,032

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Southcenter South Park 18391-18604 Cascade Ave S Tukwila WA 98188 King County Sale Price: $ 101,583,032 $/SF: $ 144.86 Date Sold: 12/21/2016 Research Confirmed: No - 01/04/2017 Eight warehouses on 36.59 acres in the Southcenter South Park. Total Building SQFT: 704,058 Total Building NRA: 701,267 Year Built: 1976 Year Renovated: 1999 Total Office SQFT: 75,254 Total SQFT: 626,013 Total Lot SQFT: 1,593,746 Total Acres: 36.59 Number of Buildings: 8 Document Number: 20161221001203 Sale Price: $ 101,583,032 $/SF: $ 144.86 $/Land SF: $ 63.74 Document Number: 20120621000652 Price: $ 67,277,550 LIT Limited Parnership Lion Trust et al 1717 McKinney Ave #1900 Dallas TX 75202 214-775-7681 Buyer & Parcel: 7888900010 Additional Parcel(s) Market Area: Map / Grid: Property Type: Office Type: Office Class: Park Name: Total Parking: 7888900030, 7888900040, 7888900110, 7888900120, 7888900152, 7888900160, 7888900162 (Investment) 440 - Kent 685 / H1 Southcenter South Park B C/LI Excise Tax: $ 1,808,183 CPF Kent Valley, LLC 2321 Rosecrans Ave #4425 El Segundo CA 90245 310-234-2525 https://www.commercialmls.com/report/cmareport?propertyids=66395 portoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 1 of 36

Notes: The buyer also purchased three buildings on four parcels in the Greenriver Corporate Park on 12/21/2016; same seller. Each sale has their own Excise Tax Affidavit but share one common Special Warranty Deed. The Deed is stamped with each sale price. This transaction was a multi-parcel sale. Parcel #7888900010 is a 2.98 acre lot with a 65,718 sf warehouse. Parcel #7888900030 is a 3.98 acre lot with a 75,122 sf warehouse. Parcel #7888900040 is a 4.56 acre lot with a 90,623 sf warehouse. Parcel #7888900110 is a 4.38 acre lot with a 66,287 sf warehouse. Parcel 7888900120 is a 4.69 acre lot with an 80,641 sf warehouse. Parcel #7888900152 is a 6.55 acre lot with a 136,562 sf warehouse. Parcel #7888900160 is a 4.79 acre lot with a 103,200 sf. Parcel #7888900162 is a 4.67 acre lot with an 85,905 sf warehouse. These parcels are zoned Commercial/ Light, City of Tukwila. Page 2 of 36

Gateway Corporate - Buildings 1-6 & 8,9 12652-13035 Gateway Dr S Tukwila WA 98168 King County Sale Price: $ 78,000,000 $/SF: $ 208.48 Date Sold: 12/27/2016 Research Confirmed: No - 01/12/2017 Eight industrial/office buildings on 26.48 acres in the Gateway Corporate Center. Total Building SQFT: 376,613 Total Building NRA: 374,139 Year Built: 1987 Year Renovated: 1998 Total Office SQFT: 208,892 Total SQFT: 165,247 Total Lot SQFT: 1,153,298 Total Acres: 26.48 Number of Buildings: 8 Document Number: 20161227001333 Sale Price: $ 78,000,000 $/SF: $ 208.48 $/Land SF: $ 67.63 Document Number: 20060105001589 Price: $ 73,000,000 Boeing Employees' Credit Union 12770 Gateway Dr Tukwila WA 98168 Buyer & Parcel: 2716000010 Additional Parcel(s) Market Area: Map / Grid: Property Type: Office Type: Office Class: Park Name: Total Parking: 0004800015, 0004800017, 2716000020, 2716000030, 2716000040, 2716000050, 2716000060 (Investment) 460 - Tukwila 655 / F1 Multi-Tenant Gateway Corporate Center C/Li Excise Tax: $ 1,388,405 RREEF America REIT II Corp MMMM7 222 S Riverside Plaza Chicago IL 60606 312-537-9279 Page 3 of 36

Notes: This transaction was a multi-parcel sale. Parcel #2716000010 is a 4.02 acre lot with a 51,755 sf building. Parcel #2716000020 is a 4.40 acre lot with a 70,555 sf building. Parcel #2716000030 is a 3.80 acre lot with a 37,622 sf building. Parcel #2716000040 is a 2.58 acre lot with a 42,862 sf building. Parcel #2716000050 is a 2.59 acre lot with a 45,853 sf building. Parcel #2716000060 is a 2.65 acre lot with a 41,850 sf building. Parcel #0004800015 is a 4.69 acre lot with a 68,921 sf building. Parcel #0004800017 is a 1.74 acre lot with a 17,200 sf building. These parcels are zoned Commercial/ Light, City of Tukwila. Page 4 of 36

Des Moines Creek Business Park 1A,1B,1C 2021-2341 S 208th St Des Moines WA 98198 King County Sale Price: $ 46,500,000 $/SF: $ 84.24 Date Sold: 12/15/2016 Research Confirmed: No - 01/17/2017 Total Building SQFT: 551,988 Total Building NRA: 551,988 Year Built: 2016 Year Renovated: Number of Floors: 2 Total Office SQFT: 24,819 Total SQFT: 527,169 Total Lot SQFT: 1,476,216 Total Acres: 33.89 Number of Buildings: 3 Document Number: 20161215001289 Sale Price: $ 46,500,000 $/SF: $ 84.24 $/Land SF: $ 31.50 Conditions of Sale: Document Number: Price: Excise Tax paid for improvements only, ground lease. CAVA Des Moines Ind LaSalle Investment Management 333 West Wacker Dr Chicago IL 60606 Buyer & Des Moines Creek Business Park Buildings 1A, 1B, 1C and Tracts A & Z. Short Plat #20160426900009. Parcel: 0922049009 Additional Parcel(s) 0922049090, 0922049108, 0922049416, 0922049422 455 - Sea Tac / Des Moines Creek Business Park Notes: This transaction was a multi-parcel sale. Parcel #0922049009 is an 8.34 acre lot with a 161,612 sf warehouse (1A). Parcel #0922049090 is a 7.05 acre lot with a 144,856 sf warehouse (1B). Parcel #0922049108 is a 9.98 acre lot with a 245,520 sf warehouse (1C). Parcel #0922049422 is Tract Z, a 4.02 acre lot. Parcel #0922049416 is Tract A, a 4.50 acre lot. These parcels are zoned Business Park, City of Tukwila. B-P Excise Tax: $ 827,705 Des Moines Creek Business Park Ph1 6840 Dent Way #350 Seattle WA 98188 Page 5 of 36

Springbrook 188 7911 S 188th St Kent WA 98032 King County Sale Price: $ 40,302,315 $/SF: $ 110.41 Date Sold: 11/18/2016 Research Confirmed: No - 11/22/2016 A distribution warehouse, a cold storage warehouse, a service garage, and a transit warehouse on 19.02 acres in Kent. Total Building SQFT: 365,040 Total Building NRA: 365,040 Year Built: 1965 Year Renovated: 1990 Total Office SQFT: 13,740 Total SQFT: 351,300 Total Lot SQFT: 828,318 Total Acres: 19.02 Number of Buildings: 4 Document Number: 20161118001333 Sale Price: $ 40,302,315 $/SF: $ 110.41 $/Land SF: $ 48.66 Document Number: 20050901001440 Price: $ 22,000,000 BPP Pacific WA REIT Owner 2, LLC Blackstone Group 345 Park Ave, 10th Flr New York NY 10154 212-583-5000 Buyer & Parcel: 1253700350 440 - Kent 685 / J2 Springbrook 188 (Investment) Notes: There are four buildings on this 19.02 acre lot: a 278,186 sf distribution warehouse, a 3,752 sf service garage,; a 36,062 sf cold storage facility, and a 47,040 sf transit warehouse. This parcel is zoned Limited District, City of Kent. M2 Excise Tax: $ 717,386 LBA Realty Fund II-Company X, LLC 3347 Michelson Dr #200 Irvine CA 92612 949-955-9303 Page 6 of 36

Notes: CMA entered 1/6/17. 733 E 11th Street 733 E 11th St Tacoma WA 98421 Pierce County Sale Price: $ 32,376,146 $/SF: $ 186.80 Date Sold: 12/01/2016 Research Confirmed: No - Total Building SQFT: 173,317 Total Building NRA: 173,317 Year Built: 1960 Year Renovated: Total Office SQFT: 14,517 Total SQFT: 158,800 Total Lot SQFT: 2,504,700 Total Acres: 57.5 Number of Buildings: 10 Document Number: 201612010321 Sale Price: $ 32,376,146 $/SF: $ 186.80 $/Land SF: $ 12.93 Document Number: Price: IPT Tacoma Logistics Center LLC 518 17th St, 17th Fl Denver CO 80202 Buyer & Lumber mill located along 11th St. Parcel: 8950000568 Additional Parcel(s) 8950000569 630 - Tacoma / Excise Tax: $ 576,300 Interfor US INc PO Box 49114 Vancouver BC V7X1H7 https://www.commercialmls.com/report/cmareport?propertyids=66395 portoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 7 of 36

Greenriver Corporate Park 20112-20416 72nd Ave S Kent WA 98032 King County Sale Price: $ 31,116,967 $/SF: $ 130.18 Date Sold: 12/21/2016 Research Confirmed: No - 01/04/2017 Three warehouses on 12.53 acres in the Greenriver Corporate Park. Total Building SQFT: 239,031 Total Building NRA: 239,031 Year Built: 1987 Year Renovated: 1989 0 Total Office SQFT: 22,722 Total SQFT: 216,309 Total Lot SQFT: 545,660 Total Acres: 12.53 Number of Buildings: 3 Document Number: 20161221001203 Sale Price: $ 31,116,967 $/SF: $ 130.18 $/Land SF: $ 57.03 Document Number: 20120621000652 Price: $ 20,137,450 LIT Limited Partnership Lion Trust et al 1717 McKinney Ave #1900 Dallas TX 75202 214-775-7681 Buyer & Parcel: 6314400121 Additional Parcel(s) 6315000102, 6315000120, 6315000125 (Investment) 440 - Kent Notes: On 12/21/2016 the buyer also purchased 8 buildings in the Southcenter South Park; same seller. Each sale has their own Excise Tax Affidavit but share one common Special Warranty Deed. The Deed is stamped with each sale price. This transaction was a multiparcel sale. Parcel #6315000102 is a 4.07 acre lot with an 87,760 sf warehouse. Parcel #6315000120 is a 4.98 acre lot with a 100,796 sf warehouse. Parcel #6315000125 is a 1.03 acre lot. Parcel #6314400121 is a 2.45 acre lot with a 50,475 sf warehouse. These parcels are zoned Limited District, City of Kent. 685 / H4 Green River Corporate Park M2 Excise Tax: $ 553,887 CPF Kent Valley LLC 2321 Rosecrans Ave #4425 El Segundo CA 90245 310-234-2525 Page 8 of 36

Springbrook Business Park I & II 7611-7835 S 180th St Kent WA 98032 King County Sale Price: $ 23,200,000 $/SF: $ 125.90 Date Sold: 12/16/2016 Research Confirmed: No - 01/05/2017 Springbrook I & II is an industrial park with four warehouses on 11.13 acres. Total Building SQFT: 184,272 Total Building NRA: 184,272 Year Built: 1982 Year Renovated: 1999 0 Total Office SQFT: 39,233 Total SQFT: 145,039 Total Lot SQFT: 484,768 Total Acres: 11.13 Number of Buildings: 4 Document Number: 20161216000838 Sale Price: $ 23,200,000 $/SF: $ 125.90 $/Land SF: $ 47.86 Document Number: 20070712000364 Price: $ 9,910,618 Gateway Springbrook, LLC Gregg Rademacher, Christine Roseland et al 4 Embarcadero Center, 33rd Flr San Francisco CA 94111 Buyer & Parcel: 1253710050 Additional Parcel(s) 1253710010 (Investment) 440 - Kent Notes: This transaction was a multi-parcel sale. Parcel #1253710010, Springbrook II is a 5.31 acre lot with a 79,312 sf warehouse with office space. Parcel #1253710050, Springbrook I, is a 5.81 acre lot with 3 warehouses with office space. These parcels are zoned General Commercial-Mixed Use, City of Kent. 685 / J1 Springbrook Business Park M1 Excise Tax: $ 412,965 Metzler I Springbrook LP 700 5th Ave, 61st Fl Seattle WA 98104 Page 9 of 36

Kent 212 Building 21255 76th Ave S Kent WA 98032 King County Sale Price: $ 12,412,288 $/SF: $ 102.36 Date Sold: 10/19/2016 Research Confirmed: No - 11/01/2016 A storage warehouse with office space on a 6.43 acre lot in Kent. Total Building SQFT: 121,256 Total Building NRA: 121,256 Year Built: 1974 Year Renovated: 1985 0 Total Office SQFT: 1,412 Total SQFT: 119,844 Total Lot SQFT: 280,000 Total Acres: 6.43 Number of Buildings: 1 Parcel: 1222049084 440 - Kent 685 / J5 Multi-Tenant 76th Avenue Distribution Center M3 Document Number: 20161019001081 Sale Price: $ 12,412,288 $/SF: $ 102.36 $/Land SF: $ 44.33 Document Number: 20060714000163 Price: $ 5,000,000 Excise Tax: $ 220,944 Buyer & Blue Properties, LLC 21218 76th Ave S Kent WA 98032 Kent 212 LLC 13910 242nd Ave NE Woodinville WA 98077 Notes: This parcel is zoned General District, City of Kent.. Page 10 of 36

Jorgensen Steel 8531 E Marginal Way S Seattle WA 98108 King County Sale Price: $ 9,913,600 $/SF: $ 30.61 Date Sold: 12/01/2016 Research Confirmed: No - 12/08/2016 A metal forging complex on a 20.58 acre lot along the Duwamish Waterway Total Building SQFT: 323,858 Total Building NRA: 323,858 Year Built: 1943 Year Renovated: 1980 Number of Floors: 2 Total Office SQFT: 17,642 Total SQFT: 306,216 Total Lot SQFT: 896,500 Total Acres: 20.58 Number of Buildings: 13 Document Number: 20161201000655 Sale Price: $ 9,913,600 $/SF: $ 30.61 $/Land SF: $ 11.06 Document Number: Price: Buyer & Star Forge, LLC 1775 Logan Ave Youngstown OH 44505 205-484-4173 Notes: This parcel is zoned Manufacturing Center-Heavy, City of Tukwila. Parcel: 0001600023 150 - S. Seattle 625 / C3 MIC/H Excise Tax: $ 176,467 Jorgensen Forge Corporation 733 3rd Ave, 16th Flr New York NY 10017 212-815-8940 Page 11 of 36

South Seattle Intermodal Site 150 S Horton St Seattle WA 98134 King County Sale Price: $ 8,300,000 $/SF: $ 492.90 Date Sold: 11/08/2016 Research Confirmed: No - 11/16/2016 Total Building SQFT: 16,839 Total Building NRA: 16,839 Year Built: 1966 Year Renovated: 1979 Total Office SQFT: 2,000 Total SQFT: 14,839 Total Lot SQFT: 120,226 Total Acres: 2.76 Number of Buildings: 1 Document Number: 20161108001041 Sale Price: $ 8,300,000 $/SF: $ 492.90 $/Land SF: $ 69.04 Document Number: 20001011000608 Price: $ 1,586,235 Washington State Convention Ctr Public Facilities 705 Pike St Seatttle WA 98101 Buyer & A transit warehouse with 16 dock positions on a 2.76 acre secured yard. Parcel: 7666205933 Additional Parcel(s) 7666205350 (Investment) Notes: This transaction was a multi-parcel sale. Parcel #7666205933 is a 1.32 acre lot with a 16,389 sf transit warehouse. Parcel #7666205350 is a 1.44 acre lot. These parcels are zoned General 1 U/85, City of Seattle. 150 - S. Seattle 595 / A3 IG1U/85 Excise Tax: $ 147,745 PTS Parternship PO Box 3514 Seattle WA 98124 Page 12 of 36

Rontra Building 1900-1912 S 146th St SeaTac WA 98168 King County Sale Price: $ 6,500,000 $/SF: $ 159.49 Date Sold: 12/28/2016 Research Confirmed: No - 01/25/2017 A manufacturing and distribution warehouse on a 4.70 acre lot just north of SeaTac Airport. Total Building SQFT: 41,025 Total Building NRA: 40,755 Year Built: 1984 Year Renovated: 1990 0 Total Office SQFT: 7,025 Total SQFT: 34,000 Total Lot SQFT: 204,855 Total Acres: 4.7 Number of Buildings: 1 Document Number: 20161228000471 Sale Price: $ 6,500,000 $/SF: $ 159.49 $/Land SF: $ 31.73 Notes: This parcel is zoned, City of SeaTac. Document Number: 20100405001642 Price: $ 5,000,000 Buyer & DYDIG LLC Mathew Cote' 3041 68th Ave SE Mercer Island WA 98040 Parcel: 2123049036 455 - Sea Tac 655 / B3 I $ 3,280,000 Excise Tax: $ 115,705 Heritage Bank OE SeaTac LLC 1200 6th Ave #700 Seattle WA 98101 Page 13 of 36

Brady International Hardwoods 3002 Lind Ave SW Renton WA 98055 King County Sale Price: $ 5,761,385 $/SF: $ 72.10 Date Sold: 12/16/2016 Research Confirmed: No - 01/11/2017 Total Building SQFT: 79,908 Total Building NRA: 79,908 Year Built: 1981 Year Renovated: 1989 Total Office SQFT: 6,036 Total SQFT: 73,872 Total Lot SQFT: 177,065 Total Acres: 4.06 Number of Buildings: 1 Document Number: 20161216001757 Sale Price: $ 5,761,385 $/SF: $ 72.10 $/Land SF: $ 32.54 Document Number: 19991216001450 Price: $ 4,350,000 Lind Ave LLC Dhruv Agarwal, Nikesh Patel et al 154 N 35th St Seattle WA 98103 Buyer & Notes: This parcel is zoned Heavy, City of Renton. A distribution warehouse on a 4.06 acre lot in Renton. Parcel: 1253790020 460 - Tukwila 656 / B6 IH $ 5,475,000 Excise Tax: $ 102,557 Columbia State Bank Portal Security, LLC PO Box 98757 Seattle WA 98757 Page 14 of 36

Porteous Fasteners 8307 S 192nd St Kent WA 98032 King County Sale Price: $ 5,750,000 $/SF: $ 133.47 Date Sold: 10/14/2016 Research Confirmed: Yes - 10/26/2016 A stand alone warehouse with 4 dock high doors on a 2.25 acre lot in Kent. Total Building SQFT: 43,080 Total Building NRA: 43,080 Year Built: 1997 Year Renovated: 0 Total Office SQFT: 2,024 Total SQFT: 41,056 Total Lot SQFT: 97,995 Total Acres: 2.25 Number of Buildings: 1 Parcel: 1253700210 440 - Kent 686 / A3 M2 Document Number: 20161014001588 Sale Price: $ 5,750,000 $/SF: $ 133.47 $/Land SF: $ 58.68 135 Document Number: Price: Yes $ 4,874,700 Excise Tax: $ 102,355 Bank of the West SBA loan Buyer & Justin Alexey, LLC Aleksey & Irina Malyugin 20229 111th Way SE Kent WA 98031 Gary Stepaniants RE/MAX Northwest Realtors 1909 214th St Ste 205 BothellWA98021 (206) 229-4330 Porteous Realty Investments, LLC 4101 Birch St #100 Newport Beach CA 92660 Tony Kusak Cushman & Wakefield - Commerce 32 West 200 South, #403 Salt Lake CityUT84101 (206) 521-0263 Notes: The buyers purchased this property as owner users, distribution/ wholesale consumer goods. This parcel is zoned Limited District, City of Kent. Confirmed by Tony Kusak and Gary Stepaniants. Page 15 of 36

Rainier Park of Industry - Building D 13630 52nd St E Sumner WA 98390 Pierce County Sale Price: $ 5,400,000 $/SF: $ 102.37 Date Sold: 10/31/2016 Research Confirmed: No - Warehouse located along 52nd. Total Building SQFT: 52,750 Total Building NRA: 52,750 Year Built: 2006 Year Renovated: Total SQFT: 52,750 Total Lot SQFT: 215,186 Total Acres: 4.94 Number of Buildings: 1 Document Number: 201610310201 Sale Price: $ 5,400,000 $/SF: $ 102.37 $/Land SF: $ 25.09 Notes: CMA entered 12/1/16. Document Number: 200807160956 Price: $ 4,300,000 Buyer & IPT Rainier Park DC LLC 518 17th St, 17th Fl Denver CO 80202 303-339-3650 Parcel: 6025030040 (Investment) 620 - Puyallup/Sumner 805 / G4 Rainier Park of Industry M1 Excise Tax: $ 96,125 B&B Investment Properties LLC 13610 52nd St E Sumner WA 98390 253-321-3011 Page 16 of 36

Westport Supply 22239 76th Ave S Kent WA 98032 King County Sale Price: $ 5,040,000 $/SF: $ 119.01 Date Sold: 10/31/2016 Research Confirmed: Yes - 11/11/2016 Total Building SQFT: 42,351 Total Building NRA: 42,351 Year Built: 1991 Year Renovated: 1995 Number of Floors: 2 0 Total Office SQFT: 7,921 Total SQFT: 34,430 Total Lot SQFT: 79,926 Total Acres: 1.83 Number of Buildings: 1 Document Number: 20161031002406 Sale Price: $ 5,040,000 $/SF: $ 119.01 $/Land SF: $ 63.06 440 Document Number: 20130708001203 Price: $ 3,350,000 Buyer & A freestanding warehouse with 4 dock high and 1 grade level door on a 1.83 acre lot in Kent. Parcel: 3319000020 Notes: The buyer represented himself in the transaction. This parcel is zoned is zoned General District, City of Kent. Sale confirmed by Arie Salomon. No FRE Kent, LLC John Fenton 1 W Highland Dr #7 Seattle WA 98199 None 440 - Kent 685 / J6 Multi-Tenant M3 Excise Tax: $ 89,717 Triple AAA Investments, Inc 22239 76th Ave S Kent WA 98032 Arie Salomon, CCIM Jeff Forsberg, CCIM Taylor Hoff, SIOR NAI Puget Sound Properties 600 108th Ave NE Suite 340 BellevueWA98004 (425) 246-9280 Page 17 of 36

Central Avenue Shop & Yard 915-917 S Central Ave Kent WA 98032 King County Sale Price: $ 4,900,000 $/SF: $ 510.42 Date Sold: 12/21/2016 Research Confirmed: No - 01/04/2017 Total Building SQFT: 9,600 Total Building NRA: 9,600 Year Built: 1974 Year Renovated: 1990 Total Office SQFT: 1,600 Total SQFT: 8,000 Total Lot SQFT: 266,968 Total Acres: 6.13 Number of Buildings: 2 Document Number: 20161221001610 Sale Price: $ 4,900,000 $/SF: $ 510.42 $/Land SF: $ 18.35 Days on Market: Conditions of Sale: This property underwent a Lot Line Adjustment per 2009040700002. Document Number: 20071212001052 Price: $ 3,800,000 CenterPoint Properties Trust 1808 Swift Dr Oak Brook IL 60523 Buyer & Two storage warehouses on a 6.13 acre lot in Kent. Parcel: 0006600020 Additional Parcel(s) 0006600071, 0006600080 440 - Kent Notes: This transaction was a multi-parcel sale. Parcel #0006600020 is a 1.74 acre lot with a 4,600 sf and a 5,000 sf storage warehouse. Parcel #0006600071 is a 3.0 acre lot. Parcel #0006600080 is a 1.39 acre lot. This property underwent a Lot Line Adjustment after the 2007 sale; document #20090407900002. These parcels are zoned Commercial Manufacturing 2, City of Kent. 716 / A3 CM-2 Excise Tax: $ 87,225 TL Legacy LLC 315 Central Ave N Kent WA 98032 Page 18 of 36

Kent Manufacturing Campus & Land 821 3rd Ave S Kent WA 98032 King County Sale Price: $ 4,750,000 $/SF: $ 69.32 Date Sold: 10/27/2016 Research Confirmed: No - 11/18/2016 An industrial complex with 3 light manufacturing warehouses on 7.52 acres. Total Building SQFT: 68,523 Total Building NRA: 68,523 Year Built: 1957 Year Renovated: 1995 Total SQFT: 68,523 Total Lot SQFT: 327,637 Total Acres: 7.52 Number of Buildings: 3 Parcel: 0006600024 Additional Parcel(s) 0006600086, 0006600115 440 - Kent 715 / J4 M-2 Document Number: 20161027001403 Sale Price: $ 4,750,000 $/SF: $ 69.32 $/Land SF: $ 14.50 381 Document Number: Price: $ 4,040,000 Excise Tax: $ 84,555 Coastal Community Bank Buyer & Lynch Park LLC Joe Razore,Chris Langer, Jonathan Slavin 1421 34th Ave #300 Seattle WA 98122 Charles & Saundra Jenks Jack & Arlene Vander Waal PO Box 463 Fox Island WA 98333 Tony Miltenberger, SIOR Kidder Mathews 12886 Interurban Ave. S. SeattleWA98168 (206) 248-7307 Tony Miltenberger, SIOR Travis Stanaway Kidder Mathews 12886 Interurban Ave. S. SeattleWA98168 (206) 248-7307 Notes: This transaction was a multi-parcel sale. Parcel #0006600024 is a 3.34 acre lot with 2 manufacturing warehouses. Parcel #0006600115 is a 3.18 acre lot. Parcel #0006600086 is a 1 acre lot with a light manufacturing warehouse. These parcels are zoned Limited Page 19 of 36

District, City of Kent. https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 20 of 36

Tacoma Fixture 1815 E D St Tacoma WA 98421 Pierce County Sale Price: $ 4,675,000 $/SF: $ 47.56 Date Sold: 11/29/2016 Research Confirmed: No - Light industrial building located along D St. Total Building SQFT: 98,300 Total Building NRA: 98,300 Year Built: 1949 Year Renovated: 0 Total Office SQFT: 7,500 Total SQFT: 90,800 Total Lot SQFT: 117,612 Total Acres: 2.7 Number of Buildings: 1 Document Number: 201611290828 Sale Price: $ 4,675,000 $/SF: $ 47.56 $/Land SF: $ 39.75 Notes: CMA entered 12/20/16. 3361 Document Number: Price: 1815 East D Street Owner LLC 222 Kearny St, Ste 600 San Francisco CA 94108 Arie Salomon, CCIM NAI Puget Sound Properties 600 108th Ave NE Suite 340 BellevueWA98004 (425) 246-9280 Buyer & Parcel: 6370000040 615 - Port of Tacoma/Fife / Government (Investment) $ 432,000 Vacancy %: 0.00% $ 1 Net Oper Income: $ 431,999 9.2 % B M2 Excise Tax: $ 81,440 1815 East D Street LLC 3414 NE 55th St Seattle WA 98105 Arie Salomon, CCIM Jeff Forsberg, CCIM NAI Puget Sound Properties 600 108th Ave NE Suite 340 BellevueWA98004 (425) 246-9280 Page 21 of 36

3627 1st Avenue S 3627 1st Ave S Seattle WA 98134 King County Sale Price: $ 3,413,117 $/SF: $ 155.85 Date Sold: 11/02/2016 Research Confirmed: No - 11/17/2016 A distribution warehouse with showroom space on a.73 acre lot in South Seattle. Total Building SQFT: 21,900 Total Building NRA: 21,900 Year Built: 1954 Year Renovated: 1979 Number of Floors: 2 0 Total Office SQFT: 5,400 Total SQFT: 16,500 Total Lot SQFT: 31,875 Total Acres: 0.73 Number of Buildings: 1 Parcel: 7666207515 150 - S. Seattle / Single Tenant IG1 U/85 20 Document Number: 20161102001209 Sale Price: $ 3,413,117 $/SF: $ 155.85 $/Land SF: $ 107.08 Document Number: 20160527002073 Price: $ 3,313,117 (Owner User) $ 2,813,117 Excise Tax: $ 60,758 Seller Buyer & Boston Harbor, LLC Jeff Ellingson & Eric Ellingson 6626 Tacoma Mall Blvd #B Tacoma WA 98409 Ellingson Brothers, LLC Richard Ellingson & Paul Ellingson 6626 Tacoma Mall Blvd #B Tacoma WA 98409 Notes: This parcel is zoned General 1, City of Seattle. Page 22 of 36

Tacoma Electric Supply Building - Former 1311 S Tacoma Way Tacoma WA 98409 Pierce County Sale Price: $ 3,175,000 $/SF: $ 83.19 Date Sold: 10/05/2016 Research Confirmed: No - Warehouse located along S Tacoma Way. Total Building SQFT: 38,165 Total Building NRA: 38,165 Year Built: 1951 Year Renovated: Number of Floors: 2 Total Office SQFT: 23,915 Total SQFT: 14,250 Total Lot SQFT: 105,415 Total Acres: 2.42 Number of Buildings: 1 Document Number: 201610050568 Sale Price: $ 3,175,000 $/SF: $ 83.19 $/Land SF: $ 30.12 Document Number: Price: Notes: Cma entered 10/21/16. 1311 South Tacoma Way LLC 5 Brookside Dr Greenwood CO 80121 Bob Hacker CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) 596-0049 Buyer & Parcel: 0320084111 630 - Tacoma / M-1 & M-2 (City of Tacoma) Excise Tax: $ 56,520 BKR, LLC PO Box 73579 Puyallup WA 98373 Bob Hacker CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) 596-0049 https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 23 of 36

Dresser-Rand 225 S Lucile St Seattle WA 98108 King County Sale Price: $ 2,370,000 $/SF: $ 117.96 Date Sold: 10/06/2016 Research Confirmed: No - 10/21/2016 Two light manufacturing warehouses on.87 acres in Georgetown. Total Building SQFT: 20,092 Total Building NRA: 20,092 Year Built: 1973 Year Renovated: 1990 Number of Floors: 0 0 Total Office SQFT: 2,952 Total SQFT: 17,140 Total Lot SQFT: 38,000 Total Acres: 0.87 Number of Buildings: 2 Document Number: 20161006001385 Sale Price: $ 2,370,000 $/SF: $ 117.96 $/Land SF: $ 62.37 Document Number: Price: Siemens Corporation Rose Marie Glazer, Eric Spiegel et al 170 Wood Ave S Iselin NJ 08830 732-306-6809 Buyer & Notes: This parcel is zoned General 2 U/85, City of Seattle. Parcel: 5263300660 150 - S. Seattle / IG2 U/85 Excise Tax: $ 42,191 Dresser-Rand Company 1200 W Sam Houston Pkwy N Houston TX 77043 713-354-6100 https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 24 of 36

Notes: CMA entered 11/22/16. Maple Leaf Foods, Inc. 8500 SW Durango St Lakewood WA 98499 Pierce County Sale Price: $ 1,950,000 $/SF: $ 15.37 Date Sold: 10/21/2016 Research Confirmed: No - Total Building SQFT: 126,908 Total Building NRA: 126,908 Year Built: 1990 Year Renovated: Total Office SQFT: 4,816 Total SQFT: 122,092 Total Lot SQFT: 330,307 Total Acres: 7.58 Number of Buildings: 1 Document Number: 201610210403 Sale Price: $ 1,950,000 $/SF: $ 15.37 $/Land SF: $ 5.90 1484 Document Number: 200704260819 Price: $ 10,000,000 Buyer & Kris & Lauri O'Bannon 935 Poplar St SE Olympia WA 98501 Baking company located along Durango St. Parcel: 6990100371 610 - Lakewood 833 / C1 120 (Owner User) I1 Excise Tax: $ 34,715 CB Lakewood LLC 255 Business Center Dr Horsham PA 19044 215-672-8010 Monte Decker CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) 596-0041 https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 25 of 36

Valley Gear & Transmission 1543 Rainier Ave S Seattle WA 98144 King County Sale Price: $ 1,500,000 $/SF: $ 188.63 Date Sold: 12/20/2016 Research Confirmed: No - 01/13/2017 A service garage and a storage warehouse with office space on a.3 acre lot. Total Building SQFT: 7,952 Total Building NRA: 7,952 Year Built: 1928 Year Renovated: 1989 Total Office SQFT: 1,584 Total SQFT: 6,368 Total Lot SQFT: 13,198 Total Acres: 0.3 Number of Buildings: 2 Document Number: 20161220001402 Sale Price: $ 1,500,000 $/SF: $ 188.63 $/Land SF: $ 113.65 Document Number: 20061026000815 Price: $ 121,000 SRHD, LLC Hamlin Robinson School 1701 20th Ave S Seattle WA 98144 Buyer & Notes: This parcel is zoned Commercial 1-40, City of Seattle. Parcel: 8850000735 150 - S. Seattle / C1-40 $ 1,000,000 Excise Tax: $ 26,705 Seller Harold A. Bush et al 13733 436th Ave SE North Bend WA 98045 https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 26 of 36

640 Central Avenue S 640 Central Ave S Kent WA 98032 King County Sale Price: $ 1,450,000 $/SF: $ 120.43 Date Sold: 12/14/2016 Research Confirmed: No - 01/13/2017 Total Building SQFT: 12,040 Total Building NRA: 12,040 Year Built: 1974 Year Renovated: 2005 0 Total Office SQFT: 1,340 Total SQFT: 8,940 Total Retail SQFT: 1,760 Total Lot SQFT: 48,780 Total Acres: 1.12 Number of Buildings: 2 Document Number: 20161214001393 Sale Price: $ 1,450,000 $/SF: $ 120.43 $/Land SF: $ 29.73 175 Document Number: 20160602001050 Price: $ 300,000 Buyer & Lin Li 550 140th Ave NE Bellevue WA 98005 A free standing warehouse and a material shed on 1.12 acres. Parcel: 3828000585 Additional Parcel(s) 3828000565 440 - Kent / Single Tenant Notes: This transaction was a multi-parcel sale. Parcel #3828000585 is a.81 acre lot with 2 industrial buildings. Parcel #3828000565 is a.31 acre lot. These parcels are zoned Commercial Manufacturing 2, City of Kent. CM-2 $ 1,182,000 Excise Tax: $ 25,815 Bank of the West Fairview Operation 6, LLC 119 S Main St Seattle WA 98104 Chris Corr Peter Wooding Kidder Mathews 12886 Interurban Ave. S. SeattleWA98168 (206) 248-7324 Page 27 of 36

Bonney Lake Pro Build - Former 22816 Hwy 410 E Bonney Lake WA 98391 Pierce County Sale Price: $ 1,350,000 $/SF: $ 67.64 Date Sold: 12/06/2016 Research Confirmed: No - Equipment rental. Total Building SQFT: 19,960 Total Building NRA: 19,960 Year Built: 1984 Year Renovated: 1986 Total SQFT: 10,460 Total Retail SQFT: 9,500 Total Lot SQFT: 137,214 Total Acres: 3.15 Number of Buildings: 2 Document Number: 201612060730 Sale Price: $ 1,350,000 $/SF: $ 67.64 $/Land SF: $ 9.84 Document Number: Price: Notes: CMA entered 1/6/17. M&S Investment Properties LLC 14024 131st St E Orting WA 98360 Jerome O'Leary Kidder Mathews 12886 Interurban Ave. S. SeattleWA98168 (253) 779-9292 Buyer & Parcel: 0519025027 Additional Parcel(s) 0519025028 680 - Bonney Lake / C-2, C-3 Vacancy %: 0.00% $ 999,999 Excise Tax: $ 24,035 Us Bk National Assn LN Real Estate Llc 801 Second Ave, Ste 1700 Seattle WA 98104 Jerome O'Leary Kidder Mathews 12886 Interurban Ave. S. SeattleWA98168 (253) 779-9292 https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 28 of 36

Notes: CMA entered 12/2/16. University Place Light 7012 27th St W Tacoma WA 98466 Pierce County Sale Price: $ 1,200,000 $/SF: $ 102.84 Date Sold: 11/04/2016 Research Confirmed: No - Total Building SQFT: 11,669 Total Building NRA: 11,669 Year Built: 1969 Year Renovated: 1988 Total Office SQFT: 2,112 Total SQFT: 9,557 Total Lot SQFT: 31,799 Total Acres: 0.73 Number of Buildings: 3 Document Number: 201611040611 Sale Price: $ 1,200,000 $/SF: $ 102.84 $/Land SF: $ 37.74 Document Number: 201511020195 Price: $ 450,000 Prism Real Estate Holdings LLC 4801 N Frace Tacoma WA 98407 Brandon Gates Kidder Mathews 12886 Interurban Ave. S. SeattleWA98168 (253) 722-1429 Buyer & Warehouse buildings located off of 27th. Parcel: 0220104098 Additional Parcel(s) 0220104135, 0220104179 605 - University Place/Fircrest / Single Tenant IB Excise Tax: $ 21,365 West 27th LLC 6102 N 9th St, Ste 400 Tacoma WA 98406 John Bauder Bob Hacker CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) 596-0047 https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 29 of 36

Notes: CMA entered 12/22/16. Rainier Park of Industry - Building B 5509 West Valley Hwy E Sumner WA 98390 Pierce County Sale Price: $ 1,000,000 $/SF: $ 33.75 Date Sold: 11/16/2016 Research Confirmed: No - Total Building SQFT: 29,634 Total Building NRA: 29,634 Year Built: 2006 Year Renovated: Total SQFT: 29,634 Total Lot SQFT: 81,457 Total Acres: 1.87 Number of Buildings: 1 Document Number: 201611160214 Sale Price: $ 1,000,000 $/SF: $ 33.75 $/Land SF: $ 12.28 Document Number: Price: Buyer & MDM Marketing Inc 12322 Monarch St Garden Grove CA 92841 562-335-4207 Warehouse located along Valley Hwy. Parcel: 6025030020 620 - Puyallup/Sumner 805 / H4 Rainier Park of Industry M-1 $ 7,350,000 Excise Tax: $ 17,805 Community Bk BDS Co PO Box 91624 Long Beach CA 90809 562-335-4207 https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 30 of 36

McMillin Park 14024 131st St E Puyallup WA 98360 Pierce County Sale Price: $ 875,364 $/SF: $ 90.34 Date Sold: 11/29/2016 Research Confirmed: No - building located along 131st St. Total Building SQFT: 9,690 Total Building NRA: 9,690 Year Built: 2008 Year Renovated: Total SQFT: 9,690 Total Lot SQFT: 56,447 Total Acres: 1.3 Number of Buildings: 1 Document Number: 201611290664 Sale Price: $ 875,364 $/SF: $ 90.34 $/Land SF: $ 15.51 Notes: CMA entered 12/20/16. Document Number: 201309300844 Price: $ 652,000 Buyer & 6C Properties LLC 404 9th Ave SE Puyallup WA 98371 Parcel: 6025080050 620 - Puyallup/Sumner 865 / G1 McMillin Park of Industry RIC $ 249,975 Excise Tax: $ 15,591 Us Bk National Assn M&S Investment Properties LLC 14024 131st St E Orting WA 98360 Page 31 of 36

Creative Tile Building 3002 S Mullen St Tacoma WA 98409 Pierce County Sale Price: $ 862,000 $/SF: $ 128.66 Date Sold: 10/25/2016 Research Confirmed: No - Warehouse located along Mullen St. Total Building SQFT: 6,700 Total Building NRA: 6,700 Year Built: 1977 Year Renovated: Total SQFT: 6,700 Total Lot SQFT: 27,748 Total Acres: 0.64 Number of Buildings: 1 Document Number: 201610250490 Sale Price: $ 862,000 $/SF: $ 128.66 $/Land SF: $ 31.07 Notes: CMA entered 11/22/16. 113 Document Number: Price: Buyer & Sizemore Mullen LLC 1517 S Tacoma Way Tacoma WA 98409 Brian Engelking Cramer Foster Kidder Mathews 12886 Interurban Ave. S. SeattleWA98168 (253) 722-1418 Parcel: 6135000257 650 - Central District (Allenmore) 803 / B1 C2 $ 646,500 Excise Tax: $ 15,348 Commencement Bank John Papke PO Box 65949 Tacoma WA 98464 Brian Engelking Cramer Foster Kidder Mathews 12886 Interurban Ave. S. SeattleWA98168 (253) 722-1418 https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 32 of 36

Sherman Brothers Site 10910 26th Ave S Lakewood WA 98499 Pierce County Sale Price: $ 760,000 $/SF: $ 152.00 Date Sold: 12/27/2016 Research Confirmed: No - Total Building SQFT: 5,000 Total Building NRA: 5,000 Year Built: 1989 Year Renovated: Number of Floors: 2 Total Office SQFT: 4,220 Total SQFT: 780 Total Lot SQFT: 39,640 Total Acres: 0.91 Number of Buildings: 1 Parcel: 0319068009 660 - Parkland/Midland / Shotwell Park Document Number: Sale Price: $ 760,000 $/SF: $ 152.00 $/Land SF: $ 19.17 Document Number: Price: Vacancy %: 0.00% Excise Tax: Buyer & Ketner Sheean CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) 596-0028 Notes: https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 33 of 36

Englesby Studio 4800 Airport Way S Seattle WA 98108 King County Sale Price: $ 650,000 $/SF: $ 146.40 Date Sold: 11/30/2016 Research Confirmed: Yes - 12/15/2016 Total Building SQFT: 4,440 Total Building NRA: 4,440 Year Built: 1906 Year Renovated: 1959 Number of Floors: 3 Total SQFT: 4,440 Total Lot SQFT: 3,250 Total Acres: 0.07 Number of Buildings: 1 Document Number: 20161130001385 Sale Price: $ 650,000 $/SF: $ 146.40 $/Land SF: $ 200.00 457 Document Number: 199512291551 Price: $ 125,000 Yes Buyer & 4800 Building, LLC Randy McCoy 76 Cedar St #711 Seattle WA 98121 Tamir Ohayon NAI Puget Sound Properties 600 108th Ave NE Suite 340 BellevueWA98004 (425) 586-5627 A 3-story warehouse on a.07 acre lot in Georgetown. Parcel: 3958901250 150 - S. Seattle / IG2 U/85 (Investment) $ 61,440 Vacancy %: 0.00% $ 16,783 Net Oper Income: $ 44,657 6.9 % $ 487,600 Excise Tax: $ 11,575 Puget Sound Bank Notes: This property was purchased as an investment opportunity. The building was fully leased at the time of the sale, artist studios. This parcel is zoned General Commercial 2 U/85, City of Seattle.Confirmed by Craig Roberts. Englesby Properties, llc 4040 26th Ave SW #334 Seattle WA 98106 Craig Roberts Berkshire Hathaway Home Serv. 4700 42nd Ave SW #620 SeattleWA98116 (206) 938-6829 https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 34 of 36

15020 Canyon Rd E 15020-15024 Canyon Rd E Tacoma WA 98444 Pierce County Sale Price: $ 500,000 $/SF: $ 127.55 Date Sold: 12/16/2016 Research Confirmed: No - Total Building SQFT: 3,920 Total Building NRA: 3,920 Year Built: 1969 Year Renovated: 1990 Total Lot SQFT: 77,537 Total Acres: 1.78 Number of Buildings: 2 Document Number: Sale Price: $ 500,000 $/SF: $ 127.55 $/Land SF: $ 6.45 Document Number: Price: Chris Studebaker Skyline Properties, Inc 702 S Hill Park Dr Ste 203 PuyallupWA98373 (253) 677-2029 Skyline Buyer & Parcel: 4015415091 (Investment) 660 - Parkland/Midland 864 / F3 CE Excise Tax: RPG Legacy Group Ketner Sheean CBRE 1201 Pacific Ave, Suite 1502 TacomaWA98402 (253) 596-0028 Notes: https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 35 of 36

Algona Business Park Condominiums - Unit 3 901 Algona Blvd N Algona WA 98001 King County Sale Price: $ 449,000 $/SF: $ 179.67 Date Sold: 12/28/2016 Research Confirmed: No - 01/05/2017 Total Building SQFT: 2,466 Total Building NRA: 2,499 Year Built: 2006 Year Renovated: Number of Floors: 2 Total SQFT: 2,466 Total Lot SQFT: 0 Total Acres: 0 Number of Buildings: 1 Document Number: 20161228001228 Sale Price: $ 449,000 $/SF: $ 179.67 $/Land SF: $ 0 Document Number: 20110307000315 Price: $ 335,000 Buyer & Moonco Algona, LLC Erik & Hope Moon 901 Algona Blvd N #D Algona WA 98001 Notes: Unit 3 is also known as Unit D. This parcel is zoned Mixed Use Commercial, City of Algona. Unit 3 is a 2,466 sf condominium in the Algona Business Park Condominiums. Parcel: 0127800030 405 - Algona/Pacific 745 / G7 Algona Business Park Condominiums C1 $ 356,000 Excise Tax: $ 7,997 Bank of America Duralux, LLC 901 Algona Blvd N Algona WA 98001 https://www.commercialmls.com/report/cmareport?propertyids=6639 ortoptionpagebreak reportoptionhidehistory&type=2&agentid=8000 Page 36 of 36