West Palm Small Bay Industrial Portfolio

The Offering Cushman & Wakefield of Florida, Inc., in partnership with CBRE, has been retained as the exclusive agent for the sale of the West Palm Small Bay Portfolio (the “Portfolio” or “Properties”). This offering includes three separate small-bay industrial properties comprising a total of 95,720 square feet strategically located within a .4 mile radius of one another. The Portfolio offers the opportunity to amass immediate operational scale in one of the top and most infill industrial markets in the United States. The Portfolio, which is currently 99% occupied, is comprised of seven buildings on three separate parcels. Each Property within the Portfolio offers a diverse unit mix and can accommodate tenants ranging from 400 to 4,800 Square Feet. The West Palm Small Bay Portfolio straddles Military Trail a major north/south thoroughfare serving Palm Beach County. With access points to Interstate 95 via Blue Heron Boulevard to the north and 45th Street to the south, the Portfolio’s location provides its tenants superior mobility to the surrounding area. Palm Beach County’s industrial market is extraordinarily land constrained with significant and increasing tenant demand driving strong rental rate growth. On aggregate Palm Beach’s industrial market continues to be among the strongest in the entire country, as evidenced by the 4.2% vacancy rate across all industrial product types at year-end 2016. Steadily increasing land values and construction costs, coupled with limited small- bay inventory and entitled land have created significant barriers to new development, providing an opportunity to purchase the West Palm Small Bay Portfolio drastically below replacement cost.

Investment Highlights • SUPERIOR LOCATION

Central, convenient location with near immediate access to Interstate-95, the Florida Turnpike and the Bee Line Highway • PROVEN RENT GROWTH Current owner has increased rents 35% since 2015 while also attracting higher quality tenants • STABLE CASH FLOWS At 99% occupancy with low rollover in the first three years, the Portfolio offers a secure staggered income stream • DIVERSE TENANT BASE Diversified group of tenants representing both operating industries as well as warehousing and distribution • HIGH BARRIERS TO ENTRY Extraordinary tight land conditions make new development very expensive, driving industrial rents as demand continues unabated • STRONG INDUSTRIAL MARKET FUNDAMENTALS Staggeringly low 4.2% vacancy rate in 2016 for the Warehouse/Distribution sector in Palm Beach County

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