4000 HAMNER AVENUE EASTVALE, CA SHARP STREET HAMNER AVENUE SAMANTHA DRIVE A CBRE NATIONAL PARTNERS INDUSTRIAL INVESTMENT OPPORTUNITY

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1 CLASS A INDUSTRIAL BUILDING TOTALING 377,110 SF 100% LEASED TO LENNOX INDUSTRIES, INC. (NYSE: LII) THROUGH MARCH 2020 DESIRABLE INLAND EMPIRE WEST LOCATION EASTVALE, CA N SHARP STREET HAMNER AVENUE SAMANTHA DRIVE A CBRE NATIONAL PARTNERS INDUSTRIAL INVESTMENT OPPORTUNITY

2 4000 Hamner Avenue Eastvale, California THE OFFERING CBRE, Inc. is pleased to present an excellent opportunity to acquire 4000 Hamner Avenue a Class A, 377,110 square foot warehouse distribution building that was constructed in 2000 and features 30 minimum warehouse clearance, a 185 all concrete truck court, ample dock high and grade level loading and ESFR sprinklers. The building is 100% leased to Lennox Industries,inc (NYSE: Lll), a subsidiary of Lennox International, which is an investment grade credit company. The property is strategically located in Eastvale formerly known as Mira Loma in the highly desirable Inland Empire West. This location offers excellent freeway access to Interstates,10 and 210 and State Routes, 71 and 91. The property is less than six miles to the Ontario International Airport. Over the last decade, the Inland Empire economy has ranked as one of the leading economies in the nation for population growth, job creation, construction and residential real estate. According to an economic study prepared by HIS Global Insight, the Inland Empire is projected to be one of the fastest growing metropolitan areas in the country through 2020, driven by large increases in agricultural trade, information technology and industrial commercial real estate. INVESTMENT THESIS 4000 Hamner Avenue offers investors an outstanding opportunity to acquire a Class A warehouse in the desirable Inland Empire West with a long term lease through March 2020 to a credit tenant. HIGHLIGHTS Class A, 377,110 SF industrial building on 16.8 acres 100% leased to an investment grade credit tenant providing stable cash flow through 2020 with contracted rent growth Attractive features including minimum 30 clearance, a 185 all concrete truck court and 69 loading docks Site entrance from three streets (Hamner, Samantha and Sharp) allows for ideal access and staging Desirable bay depth is optimal for warehouse efficiency Strategically located in Inland Empire West with excellent access to the, I- and I-10 freeways, the Ontario International Airport and ports Located in one of the most dynamic markets in the country with an extremely low vacancy rate of 3.0% Address 4000 Hamner Avenue, Eastvale, CA Square Footage Land Size Office SF/% Tenant 377,110 SF 16.8 acres 10,829 SF/2.9% Lennox Industries, Inc. (guaranteed by Lennox International) Lease Expirationse March 2020 Occupancy 100% Dock High/Grade Level Loading 69/2 Truck Court Clear Height 185 all concrete 30 minimum warehouse clearance Year Built 2000 Year 1 NOI $ 1,510,005 1

3 Executive Summary INVESTMENT HIGHLIGHTS Property Highlights Class A Industrial Building Totaling 377,110 SF Attractive features including minimum 30 clearance, 69 loading docks, 2 drive-in doors, 50 x 52 column spacing and a 185 all concrete truck court. Corner lot with street access on three sides, a fenced yard and skylights. Ideal building depth accommodates efficient warehouse operations and ability to multi-tenant the building. Recent improvements including a re-slurried parking lot (2011) and upgraded T-5 Lighting. Tenancy Highlights 100% Leased to Credit Tenant The property is leased to Lennox Industries, Inc., a worldwide leader in residential and commercial heating and air conditioning systems based in Dallas, Texas. The building accommodates their commercial, residential and plain label business lines. The Lennox Industries, Inc. lease is guaranteed by parent company Lennox International, an investment grade company with a rating of BBB according to Standard and Poor s, a market cap of $4.3 billion, $3.2 billion in revenue and net income of $184 million over the past 12 months. Below Market Rent The Property is leased through March 2020 at a rate which is approximately 13% below market rent, with strong rent growth projected, which provides investors with significant potential upside in net operating income. Location Highlights Strategic Distribution Location Located in the highly desirable Inland Empire West industrial market one of the top investment markets in the country. Excellent freeway access: The property has direct access to SR-, I- and I-10, allowing service to Southern California and the Western United States. The property is located less than six miles from the Ontario International Airport and approximately one hour east of the Ports of Los Angeles and Long Beach. Amenity Rich Environment The property is surrounded by an abundance of retail, service, recreation and hotel amenities, and is just minutes from Ontario Mills Mall and Victoria Gardens. Market Highlights Strong Market Dynamics The property is located in a first tier industrial market with low vacancy, limited available land, sustained economic and population growth and steady tenant demand. The Inland Empire West industrial submarket, with a base of 254 million SF, ended the second quarter of 2014 with a 3.0% vacancy rate. The Eastvale submarket has outperformed the rest of the market with a rate of 1.9%, which is the second lowest in the Inland Empire West. Year to date, the Inland Empire West submarket recorded over 8.1 million SF of gross activity and over 4.4 million SF of net absorption. The Inland Empire West continues to be an attractive market due to its proximity to Orange and Los Angeles counties, freeway infrastructure, and port access. The overall Inland Empire industrial market generated approximately 6.5 MSF of net absorption in 2Q 2014 bringing the year to date total to over 9.6 MSF. This is the most the market has recorded since Q Strong Market Rent Growth Forecast The Inland Empire industrial market continues to grow with market rent growth forecasts of 10.4% in 20, 11.6% in 2016 and 7.8% in 2017 and 4.2% in 2018 according to CBRE Econometric Advisors. 2

4 S Grove Ave Etiwanda Ave 4000 Hamner Avenue Eastvale, California LOCAL MAP 57 Puddingstone Dr Frank G. Bonelli Regional Park 66 W Holt Ave Esperanza Dr La Verne Westmont Phillips Ranch N White Ave N Garey Ave S White Ave S Garey Ave S Towne Ave Foothill Fwy The Claremont Colleges Pomona Peyton Dr S Reservoir Ave 142 E End Ave Chino Hills Claremont PipeLine Ave N Mills Ave San Bernardino Fwy Mills Ave Ramona Ave Phillips Blvd Francis Ave 71 Padua Ave E Arrow Hwy Philadelphia St Montclair Monte Vista Ave Walnut Ave Riverside Dr Central Ave Central Ave Chino N Benson Ave W Mission Blvd El Prado Rd N Mountain Ave Chino Ave W 21st St Schaefer Ave N San Antonia Ave 83 E Foothill Blvd Upland Ontario 83 S Bon View Ave N Campus Ave S Campus Ave Chino Airport W Arrow Hwy E 8th St E D St E Holt Blvd Edison Ave Memill Ave Carnellan St E Francis St Vineyard Ave 10 E Airport Dr E Riverside Dr Alta Loma E 6th St Lemon Ave Church St Rancho Cucamonga La / Ontario International Airport E Mission Blvd E Philadelphia St S Archibald Ave Limonite Ave Haven Ave Haven Ave Foothill Fwy E 4th St BelleGrave Ave Milliken Ave S Milliken Ave Ontario Mills Hamner Ave Church St E Airport Dr E Jurupa Ave Wineville Ave Etiwanda S Etiwanda Ave Whittram Ave Auto Club Speedway Holmes Ave Bellegrave Ave Bain St Mira Loma Cherry Ave Baseline Ave San Bernardino Fwy Glen Avon Beech Ave Fontana Ave Jurupa Valley Pedley Poplar Ave Citrus Ave Valley Blvd Miller Ave Arrow Blvd Fontana Randall Ave Sierra Ave Martin Tudor - Jurupa Hills Regional Park Limonite Ave Municipal Rialto Palmetto Ave Santa Ana Ave E Laurel Ave Alder Ave San Sunnyslope Rubidoux Soquel Canyon Pkwy Pine Ave Citrust St Arlington Ave Jurupa Ave Ave Central Ave Butterfield Ranch Rd 83 Prado Regional Park Norco Dr St Norco Sixth St Cypress Ave Van Buren Blvd California Ave Rive 3

5 Executive Summary REGIONAL MAP Van Nuys Sherman Oaks 170 Bel Air Hollywood Beverly Hills Santa Monica LAX Airport Hawthorne Manhattan Beach Torrance Rancho Palos Verdes Burbank Airport Burbank South Los Angeles Gardena Los Angeles Long Beach Port of Los Angeles San Pedro 4 Lynwood Compton 3 Pasadena Monterey Park 5 2 Montebello 1 3 Pico Rivera 7 Downey Lakewood Norwalk Seal Beach 405 El Monte Cypress Walnut Chino Chino Hills 6 Westminster Fullerton 6 Citrus Covina 57 Anaheim 91 Orange Santa Ana 57 Yorba Linda Rancho Rialto Claremont Cucamonga Fontana 7 Pomona Anaheim Hills 241 Ontario 91 Ontario International Airport 10 5 Mira Loma Eastvale Norco Corona El Cerrito La Sierra 2 Riverside 2 4 San Bernardino Colton University 2 Moreno Valley Perris Redlands Perris Reservoir BNSF Santa Catalina INTERMODAL YARDS UNION PACIFIC 1. BNSF Commerce Eastern 1. UP City of Industry 2. BNSF Sheila 2. UP Colton 3. BNSF Hobart 3. UP Dolores 4. BNSF San Bernardino 4. UP LATC 5. BNSF Watson / Wilmington 5. UP Mira Loma 6. BNSF La Mirada 6. UP Anaheim 7. BNSF Pico Rivera 7. UP Montclair 8. UP Yermo Huntington Beach 55 Newport Beach John Wayne Airport 1 Irvine Laguna Beach Lake Forest Laguna Niguel Foothill Ranch Mission Viejo Dana Point San Clemente 74 Lake Elsinore 2 79 Murrieta Temecula Galway Downs 4

6 4000 Hamner Avenue Eastvale, California AERIAL N MILLIKEN AVE RIVERSIDE DRIVE SNAPWARE GENCO SHAMROCK FOODS SWIFT TRUCKING DCL RIVERSIDE DRIVE MEIKO AMERICA SHARP STREET COSTCO KOMAR WALMART WINEVILLE ROAD FEDEX COSTCO WALMART SAMANTHA DRIVE WALMART HAMNER AVENUE WALMART 5

7 Property Description SITE PLAN EASTVALE, CA 45 1, PROPERTY DESCRIPTION HAMNER AVENUE 9,339 SF OFFICE RAMP 310 LENNOX INDUSTRIES INC. EXP. MARCH ,110 SF 1,092 ALL CONCRETE TRUCK COURT 458 SF SHIPPING OFFICE ,032 SF OFFICE RAMP 285 SHARP STREET SAMANTHA DRIVE LEGEND DOCK HIGH DOORS GRADE LEVEL DOORS 6

8 CAPITAL MARKETS EXPERTS Darla Longo Vice Chairman/Managing Director Lic CBRE 4141 Inland Empire Blvd., Suite 100 Ontario, CA Barbara Emmons Vice Chairman Lic CBRE 400 South Hope St. Los Angeles, CA LOCAL MARKET EXPERTS Ian DeVries Executive Vice President Lic Colliers 3 Park Plaza, Suite 1200 Irvine, CA Chris DeVries Associate Lic chris.devries@colliers.com Colliers 3 Park Plaza, Suite 1200 Irvine, CA DEBT AND STRUCTURED FINANCE Val Achtemeier Executive Vice President Lic val.achtemeier@cbre.com CBRE 400 South Hope St. Los Angeles, CA NORTHEAST Michael D. Hines Robert Fahey Lizann McGowan Brian Fiumara Jerome Kranzel Brad Ruppel SOUTHEAST Chris Riley Frank Fallon Brian Budnick Jennifer Klingler SOUTH CENTRAL Jack Fraker Josh McArtor Jonathan Bryan Heather McClain NORTH CENTRAL Mike Caprile Ted Staszak Stephanie Park DEBT & STRUCTURED FINANCE Steve Roth Steve Kundert WEST Darla Longo Barbara Emmons Rebecca Perlmutter DEBT & STRUCTURED FINANCE Val Achtemeier Offering integrated real estate capital markets solutions from strategy to execution delivered by a seamless national partnership 2014 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.