Hollywood Industrial Property 5770 Funston St Hollywood, FL 33023

Hollywood Industrial Property Amazing investment opportunity 34 tenants, with 33,580 leasable square footage 9.54% Actual Capitalization rate Automotive uses allowed Sponsored By: JOHN DEMARCO, ACP 954-678-8733 JohnDeMarco@Remax.net Each office is independently owned and operated. RE/MAX 5 STAR REALTY 4151 Hollywood Blvd Hollywood, FL 33020 (954) 361-0000 www.demarcogroup.com Each office independently owned and operated

INVESTMENT DETAILS Analysis Analysis Date October 2017 Property Property Property Address Hollywood Industrial Property 5770 Funston St Hollywood, FL 33023 Year Built 1960 Purchase Information Property Type Purchase Price Tenants Total Rentable Sq. Ft. Financial Information Industrial $3,900,000 34 33,580 Down Payment Closing Costs $975,000 $20,000 Loans Type Fixed Debt $2,925,000 Term 15 years Amortization 15 years Income & Expenses Gross Operating Income Monthly GOI Total Annual Expenses Monthly Expenses Rate 4.0% Payment $21,636 Contact Information $440,426 $36,702 ($68,448) ($5,704) John DeMarco, ACP 954-678-8733 JohnDeMarco@Remax.net P. 2 LO Costs $29,250

EXECUTIVE SUMMARY Acquisition Costs Purchase Price, Points and Closing Costs Investment - Cash First Loan $3,949,250 $1,024,250 $2,925,000 Investment Information Purchase Price Price per Tenant Price per Sq. Ft. $3,900,000 $114,706 $116.14 Income, Expenses & Cash Flow Gross Scheduled Income Total Vacancy and Credits Operating Expenses Net Operating Income Debt Service Cash Flow Before Taxes $440,426 $0 ($68,448) $371,979 ($259,630) $112,348 Financial Indicators Cash on Cash Return Before Taxes Debt Coverage Ratio Capitalization Rate Gross Income / Square Feet Gross Expenses / Square Feet Operating Expense Ratio 1.43 9.54% $13.12 ($2.04) 15.54% P. 3

PROPERTY DESCRIPTION Hollywood Industrial Portfolio John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of this Hollywood Industrail Portfolio. Consisting of 4 concurrent parcels totaling 33,580 leasable square feet, with 34 tenants, on a lot size exceeding 1 acre. All automtive uses allowed by city makes this an ideal investment choice. Property currently is 96% occupied with 1 vacancy, and it maintains a historic occupancy rate of 100%. This property is currently grossing $440,426 per year, netting $371,979. This Noi provides an investor with a very strong and stable capitalization rate of 9.54%. Full management services and systems will stay in place making it an easy property to take over. Enclosed in this package are recent comparable sales well exceeding the price per foot of this property. Property is in excellent overall condition with no major deferred maintenance coming up. Please remember to not disturb existing tenants, for additional information and for all showings please call John DeMarco. P. 4

MAPS AND AERIALS P. 5 and should be personally verified through personal inspection by and/or with the appropriate professionals.

DETAILED GENERAL EXPENSES Description Year 1 Year 2 Year 3 Year 4 Year 5 Total Expenses ($68,448) ($68,448) ($68,448) ($68,448) ($68,448) Building Insurance ($14,959) ($14,959) ($14,959) ($14,959) ($14,959) Taxes - Real Estate ($38,028) ($38,028) ($38,028) ($38,028) ($38,028) Trash Removal ($3,763) ($3,763) ($3,763) ($3,763) ($3,763) Utility - Electricity ($1,065) ($1,065) ($1,065) ($1,065) ($1,065) ($10,632) ($10,632) ($10,632) ($10,632) ($10,632) Utility - Water P. 6 and should be personally verified through personal inspection by and/or with the appropriate professionals.

LEASE RENT ROLL Suite Tenant Annualized Tenant Renewal Commissions Rent Improvement Term Renewal Increase Start Date Expire Date RSF $/RSF 5771 Work Shop 03/01/2014 02/28/2017 1,340 $12.09 $16,200 5773 03/31/2015 03/31/2017 1,340 $12.09 $16,200 02/28/2017 1,340 $14.78 $19,800 5777 01/16/2017 01/15/2018 1,340 $12.99 $17,400 5779 Work Shop 01/01/2006 02/28/2017 1,340 $14.78 $19,800 5770 11/01/2014 02/28/2018 1,135 $11.89 $13,500 5772 03/18/2015 03/31/2018 1,135 $11.89 $13,500 5774 Auto Dealer 10/01/2014 09/30/2018 1,135 $11.89 $13,500 5790 1&7 5790 2 5790 3 5790 4 5790 5 5790 6 5790 8 5790 9 5790 10 5790 11 5790 12 5791 1&2 Storage / Office 11/01/2008 02/28/2018 1,150 $11.74 $13,500 03/24/2016 03/31/2017 650 $13.85 $9,000 Tire Shop 11/01/2016 10/30/2017 650 $13.85 $9,000 Locksmith 08/01/2008 09/30/2018 650 $13.85 $9,000 01/31/2018 900 $12.67 $11,400 11/18/2016 11/17/2017 900 $13.00 $11,700 Car Storage 05/12/2016 05/30/2018 550 $15.27 $8,400 11/01/2016 10/31/2017 550 $14.73 $8,100 06/01/2014 08/10/2018 550 $15.27 $8,400 04/01/2012 02/28/2017 750 $12.40 $9,300 Storage / Office 04/01/2012 02/28/2017 750 $12.40 $9,300 05/01/2015 03/31/2018 1,700 $12.71 $21,600 5775 Work Shop Storage P. 7 and should be personally verified through personal inspection by and/or with the appropriate professionals. Notes

LEASE RENT ROLL Suite 5791 3 5791 4 5791 5 5791 7 5791 8 5791 9 5791 10 5791 11 5791 6&12 5740 A 5740 B 5740 C 5740 D 5740 E RSF $/RSF Annualized Tenant Renewal Commissions Rent Improvement Term Renewal Increase Tenant Start Date Expire Date 12/06/2016 12/05/2017 650 $14.31 $9,300 12/12/2016 12/11/2017 650 $13.38 $8,700 Cabinet Manufacture 06/01/2011 06/01/2018 650 $13.85 $9,000 Real Estate 01/11/2017 01/16/2018 550 $16.36 $9,000 Office / Storage 10/10/2014 03/31/2018 550 $14.18 $7,800 Car Dealer Storage 06/15/2016 09/30/2018 550 $15.27 $8,400 Cleaning Supplies 11/01/2016 02/01/2018 750 $11.68 $8,762 Custom Cars 06/15/2016 05/08/2018 750 $12.80 $9,600 Car Dealer 07/01/2011 05/31/2018 1,750 $13.37 $23,400 Work Shop 08/15/2014 02/28/2017 1,375 $13.96 $19,200 12/01/2012 09/01/2017 1,375 $10.91 $15,000 N/A Vacant 12/01/2015 02/28/2017 1,375 $0 06/01/2015 02/28/2017 1,375 $10.47 $14,400 Paint & Accessories 06/01/2011 05/31/2018 1,375 $13.09 $18,000 P. 8 and should be personally verified through personal inspection by and/or with the appropriate professionals. Notes

FINANCIAL INDICATORS Description Year 1 Year 2 Year 3 Year 4 Year 5 10.44 10.44 10.44 10.44 10.44 9.54% 9.54% 9.54% 9.54% 9.54% Cash On Cash Return b/t Cash On Cash Return a/t 1.43 1.43 1.43 1.43 1.43 Gross Income per Sq. Ft. $13.12 $13.12 $13.12 $13.12 $13.12 Expenses per Sq. Ft. ($2.04) ($2.04) ($2.04) ($2.04) ($2.04) Net Income Multiplier 12.37 12.37 12.37 12.37 12.37 Operating Expense Ratio 15.54% 15.54% 15.54% 15.54% 15.54% Loan To Value Ratio 60.43% 57.14% 53.72% 50.16% 46.46% Gross Rent Multiplier Capitalization Rate Debt Coverage Ratio * b/t = before taxes; a/t = after taxes P. 9 and should be personally verified through personal inspection by and/or with the appropriate professionals.

INVESTMENT RETURN ANALYSIS Description Year 1 Year 2 Year 3 Year 4 Year 5 $112,348 $224,696 $337,045 $449,393 $561,741 $1,796,196 $1,922,262 $2,054,488 $2,193,125 $2,339,477 ($1,024,250) ($1,024,250) ($1,024,250) ($1,024,250) ($1,024,250) $884,294 $1,122,709 $1,367,283 $1,618,268 $1,876,968 Internal Rate of Return 86.34% 46.53% 35.06% 29.53% 26.24% Modified IRR 86.34% 44.78% 32.67% 26.74% 23.15% $908,373 $1,171,914 $1,441,616 $1,717,728 $2,000,512 $4,971,979 $5,343,957 $5,715,936 $6,087,915 $6,459,894 Cash Flow - To Date Net Resale Proceeds Invested Capital Net Return on Investment NPV (cash flow + reversion) PV (NOI + reversion) * a/t = after taxes; Modified IRR = Modified Internal Rate of Return; PV = Present Value; NPV = Net Present Value; NOI = Net Operating Income P. 10 and should be personally verified through personal inspection by and/or with the appropriate professionals.

PROPERTY PHOTOS 92116-PP-1.jpg 92116-PP-2.jpg 92116-PP-3.jpg 92116-PP-4.jpg 92116-PP-5.jpg 92116-PP-6.jpg P. 11

1 Multi-Property SOLD 4 Class C Industrial buildings in Fort Lauderdale, FL, having total size of 64,200 SF. Sale Date: 08/22/2016 (195 days on mkt) # Properties: 4 Sale Price: $12,400,000 - Confirmed Total Size: 64,200 SF Price/SF: $193.15 Total Land Area: 2.90 AC Pro Forma Cap Rate: Comp ID: 3725604 Research Status: Confirmed 2 Sale Conditions: Redevelopment Project Multi-Condo SOLD 6 Class A Industrial Condo Units in Dania Beach, FL, having total size of 29,940 SF. Sale Date: 05/04/2016 (91 days on mkt) # Properties: 6 Sale Price: $3,443,100 - Full Value Total Size: 29,940 SF Price/SF: $115.00 Total Land Area: Pro Forma Cap Rate: Comp ID: 3622974 Research Status: Full Value 3 Sale Conditions: - 8700 NW 7th Ave SOLD Miami/Dade County Miami, FL 33150 Sale Date: 06/15/2016 (463 days on mkt) Bldg Type: Class C IndustrialWarehouse Sale Price: $3,539,300 - Confirmed Year Built/Age: Built 1969 Age: 47 Price/SF: $149.25 RBA: 23,714 SF Pro Forma Cap Actual Cap Rate: Comp ID: Research Status: 4 3638433 Confirmed Parcel No: 30-3102-000-0484 Sale Conditions: - 8201 NW 64th St - Florida Fruit Land Co Miami/Dade County Miami, FL 33166 Sale Date: 08/18/2016 Sale Price: $2,995,000 - Confirmed Price/SF: $124.87 Pro Forma Cap Actual Cap Rate: Comp ID: Research Status: 5 SOLD 6.00% 3703307 Confirmed Bldg Type: Class C IndustrialWarehouse Year Built/Age: Built 1990 Age: 26 RBA: 23,985 SF Parcel No: 30-3015-001-0332 Sale Conditions: - 5900 NW 97th Ave, Unit 5-8 - Building C SOLD Miami/Dade County Miami, FL 33178 Sale Date: 10/17/2016 (251 days on mkt) Condo Type: 34,400 SF Industrial Condo Sale Price: $4,337,000 - Confirmed Year Built/Age: Built 2003 Age: 13 Price/SF: $126.08 RBA: 34,400 SF Pro Forma Cap Actual Cap Rate: Comp ID: Research Status: 6 3751443 Confirmed Parcel No: 35-3017-014-0050, 35-3017-014-0060, 35-3017014-0070, 35-3017-014-0080 [Partial List] Sale Conditions: - 11200 NW 107th St, Unit 11500 - Flagler Station Building 3 Phase III Miami/Dade County Miami, FL 33178 Sale Date: 05/17/2016 Sale Price: $5,676,200 - Confirmed Price/SF: $141.91 Pro Forma Cap Actual Cap Rate: Comp ID: Research Status: SOLD 3757775 Confirmed Condo Type: 40,000 SF Industrial Condo Year Built/Age: Built 2016 RBA: 40,000 SF Parcel No: 30-2031-003-0014 Sale Conditions: - P. 12 Copyrighted report licensed to Re/Max 5 Star Realty - 746067. 2/20/2017 Page 1

7 1588-1600 NW 159th St - CE 228B Miami/Dade County Miami, FL 33169 Sale Date: 01/17/2017 Sale Price: $11,404,300 Price/SF: $145.77 Pro Forma Cap Actual Cap Rate: Comp ID: Research Status: 8 SOLD 3830577 In Progress Bldg Type: Class C IndustrialWarehouse Year Built/Age: Built 1972 Age: 45 RBA: 78,235 SF Parcel No: 34-2114-008-1480 Sale Conditions: - 11100 NW South River Dr SOLD Miami/Dade County Miami, FL 33178 Sale Date: 09/06/2016 (547 days on mkt) Bldg Type: Class C IndustrialWarehouse Sale Price: $5,300,000 - Confirmed Year Built/Age: Built 1958 Age: 58 Price/SF: $177.87 RBA: 29,797 SF Pro Forma Cap Actual Cap Rate: Comp ID: Research Status: 3702043 Confirmed Parcel No: 22-2033-001-0560 Sale Conditions: - P. 13 Copyrighted report licensed to Re/Max 5 Star Realty - 746067. 2/20/2017 Page 2

Trend Report Dollar Volume Report Time Frame: 4/1/2016-2/20/2017 Legend: Sold Transactions Current Survey Sold Transactions Time Interval - Quarterly Number of Transactions Total Dollar Volume Total Bldg Square Feet Total Land in Acres Total Land in SF Average Price Average Number of SF Average Price Per Bldg SF Median Price Per SF Average Number of Acres Average Number of SF(Land) Average Price Per Unit Median Price Per Unit Average Number of Units Actual Cap Rate 8 $49,094,900 260,071 15.73 685,199 $6,136,862 37,153 $141.10 $141.91 3.15 137,040 6.00% P. 14 Copyrighted report licensed to Re/Max 5 Star Realty - 746067. 2/20/2017 Page 3

Trend Report Number of Transactions Total Dollar Volume Total Bldg Square Feet Total Land in Acres Total Land in SF Average Price Average Number of SF Average Price Per Bldg SF Median Price Per SF Average Number of Acres Average Number of SF(Land) Average Price Per Unit Median Price Per Unit Average Number of Units Actual Cap Rate 2Q16 04/1-6/30/16 3Q16 07/1-9/30/16 4Q16 10/1-12/31/16 1Q17 01/1-2/20/17 Sold Transaction Sold Transaction Sold Transaction Sold Transaction 3 $12,658,600 93,654 1.81 78,844 $4,219,533 31,218 $135.16 $141.91 1.81 78,844-3 $20,695,000 53,782 13.52 588,931 $6,898,333 26,891 $154.23 $151.37 4.51 196,310 6.00% 1 $4,337,000 34,400 $4,337,000 34,400 $126.08 $126.08 - P. 15 Copyrighted report licensed to Re/Max 5 Star Realty - 746067. 1 $11,404,300 78,235 0.40 17,424 $11,404,300 78,235 $145.77 $145.77 0.40 17,424-2/20/2017 Page 4

LOCATION MAP P. 16

DEMOGRAPHICS Population 1 Mile 3 Mile 5 Mile Male 9,118 (47.14 %) 84,055 (47.66 %) 214,921 (47.85 %) Female 10,226 (52.86 %) 92,309 (52.34 %) 234,202 (52.15 %) Total Population 19,344 176,364 449,123 Age Breakdown 1 Mile 3 Mile 5 Mile Ages 0-4 1,105 (5.71 %) 10,266 (5.82 %) 25,091 (5.59 %) Ages 5-9 1,412 (7.30 %) 13,017 (7.38 %) 31,863 (7.09 %) Ages 10-14 1,311 (6.78 %) 12,341 (7.00 %) 30,114 (7.09 %) Ages 15-19 1,262 (6.52 %) 11,766 (6.67 %) 29,024 (6.46 %) Ages 20-24 1,263 (6.53 %) 11,632 (6.60 %) 28,912 (6.44 %) Ages 25-29 1,237 (6.39 %) 11,340 (6.43 %) 28,352 (6.31 %) Ages 30-34 1,179 (6.09 %) 10,985 (6.23 %) 27,680 (6.16 %) Ages 35-39 1,196 (6.18 %) 11,042 (6.26 %) 27,941 (6.22 %) Ages 40-44 1,254 (6.48 %) 11,720 (6.65 %) 29,598 (6.59 %) Ages 45-49 1,323 (6.84 %) 12,312 (6.98 %) 31,311 (6.97 %) Ages 50-54 1,309 (6.77 %) 11,976 (6.79 %) 30,792 (6.86 %) Ages 55-59 1,199 (6.20 %) 10,893 (6.18 %) 28,682 (6.39 %) Ages 60-64 1,014 (5.24 %) 9,287 (5.27 %) 25,009 (5.57 %) Ages 65-69 834 (4.31 %) 7,465 (4.23 %) 20,413 (4.55 %) Ages 70-74 684 (3.54 %) 5,936 (3.37 %) 16,248 (3.62 %) Ages 75-79 524 (2.71 %) 4,537 (2.57 %) 12,390 (2.76 %) Ages 80-84 390 (2.02 %) 3,273 (1.86 %) 8,812 (1.96 %) Ages 85+ 848 (4.38 %) 6,576 (3.73 %) 16,891 (3.76 %) P. 17

DEMOGRAPHICS Household Income 1 Mile 3 Mile 5 Mile Median Income $36,608 $47,293 $47,849 Less than $10,000 646 5,092 13,599 $10,000 -$14,999 503 3,596 10,029 $15,000 - $19,999 560 3,698 9,957 $20,000 -$24,999 616 3,906 10,129 $25,000 - $29,999 450 4,128 11,031 $30,000 - $34,999 668 3,993 10,145 $35,000 - $39,999 552 3,455 9,849 $40,000 - $44,999 332 2,923 9,041 $45,000 - $49,999 391 3,313 8,304 $50,000 - $59,999 745 6,089 14,711 $60,000 - $74,999 734 6,932 18,708 $75,000 - $99,999 634 7,927 18,519 $100,000 - $124,999 235 3,750 10,412 $125,000 - $149,999 150 1,882 4,714 $150,000 - $199,999 26 1,614 4,549 Greater than $200,000 77 963 3,516 Housing 1 Mile 3 Mile 5 Mile Housing Units 8,029 71,085 196,671 Occupied Units 6,991 63,139 170,746 Owner Occupied Units 4,637 41,854 109,672 Renter Occupied Units 2,354 21,285 61,074 Vacant Units 1,038 7,946 25,925 Race Demographics 1 Mile 3 Mile 5 Mile Population Non Hispanic White 9,850 90,654 240,842 Population Black 7,731 70,172 175,001 Population Am In/Ak Nat N/A 449 538 P. 18

CUMULATIVE WEALTH ANALYSIS $2,100,000 $1,890,000 $1,680,000 $1,470,000 $1,260,000 $1,050,000 $840,000 $630,000 $420,000 $210,000 Year 1 2 3 4 Legend Equity (loan reduction) Equity (appreciation) CASH FLOW (a/t) P. 19 and should be personally verified through personal inspection by and/or with the appropriate professionals. 5