I-210 LOGISTICS CENTER III

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1 RIALTO, CA 100% NNN Leased for 10 years to Lifetime Brands 702,668 SF Newly Constructed Leading Edge Logistics Building - Cross dock with 40 Clear Height Central Inland Empire West Location in Renaissance Rialto with Strategic Access to Four Major Freeways A NATIONAL PARTNERS INDUSTRIAL INVESTMENT OPPORTUNITY

2 EXECUTIVE SUMMARY THE OFFERING Inc. is exclusively offering the I-210 Logistics Center III, a state-of-the-art building totaling 702,668 SF. This is a unique opportunity to acquire a 100% NNN leased building to a credit-worthy tenant, Lifetime Brands, with a brand new 10-year lease with 3% annual increases. This building is strategic for Lifetime Brands, servicing the entire Western United States. Completed in 2017, I-210 Logistics Center III is one of few recently constructed industrial buildings with a 40 clear height throughout the entire West Coast. The building also offers superior cross dock loading with 185 and 200 truck courts (expandable to 262 ) and is in the process of being LEED Certified. The property is located within the Renaissance Rialto Specific Plan area in the Inland Empire West (IEW). The Renaissance Rialto is one of the largest redevelopment projects in Southern California spanning nearly 1,500 acres. A majority of the Renaissance Rialto was previously used as the Rialto Municipal Airport. Over the last 8 years, the Renaissance Rialto area has been redeveloped and master planned for industrial, retail and housing. The Renaissance Rialto area offers excellent access to I-210, I-, I- and I-10. The Inland Empire is one of the most desirable logistics markets in the country. The tightening supply of available, existing big-box industrial space has shifted tenant interest to speculative developments. In fact, newly delivered pre-leases accounted for nearly 2.0 MSF (43%) of Inland Empire net absorption during Q This IEW location offers strategic access to the San Bernardino intermodal yard, the Ports of Los Angeles and Long Beach, multiple airports and major transportation routes serving Southern California Address 1221 N. Alder Avenue, Rialto, CA Square Footage 702,668 SF Acreage AC Occupancy 100.0% # of Buildings 1 Year Built 2017 Clear Height 40 Sprinklers ESFR Dock High Doors (9 X 10 ) 94 Drive In Doors (12 X 16 ) 3 Year 1 NOI $3,520,666 INVESTMENT THESIS The I-210 Logistics Center III provides an excellent opportunity to acquire a new 702,668 SF, best-in-class 40 clear cross dock, LEED Certified building in Rialto in the Inland Empire West. The property was pre-leased to Lifetime Brands- a highlyprofitable, long-standing Inland Empire tenant for 10 years with 3% annual bumps, offering a stable cash flow. Investors can purchase a big box next generation building in one of the most desirable logistics markets in the United States. and the Western United States. 1

3 LEADING EDGE BUILDING FEATURES Highly desirable 40 Clear Height 8 Slab with 4,000 PSI Cross Dock Loading with 185 and 200 (Expandable to 262 ) Fully Secured Truck Courts ±11,000 SF of Office 4,000 Amps of Power with Two Meters ESFR Sprinklers LED Lighting with Motion Sensors Excess Auto or Trailer Parking 100% Concrete Auto and Trailer Parking/Driveway Areas Internal Drive Around Capability LEED Certified (In Process) Multiple Points of Access which Increase Building Efficiency o Excellent product throughput o Ability to multi-tenant in the future o Three (3) Street Access Points QUALITY ESTABLISHED TENANT 100% leased for 10 years with 3% annual increases to Lifetime Brands, a profitable, innovative company with the #1 market share in household goods This Rialto location is the company s only Western United States distribution location Lifetime Brands currently has a market cap of $2 million and saw a 31% increase in company stock price over the last twelve months Financial highlights over the last twelve months include total revenues of $594 million, an EBITDA of $42 million, and $18 million in net income Retailers such as Amazon, Walmart, Target, TJ Maxx, Bed, Bath & Beyond, Crate & Barrel, Williams Sonoma and Costco offer Lifetime Brands products The net debt to EBITDA ratio is 2.3X providing ample liquidity; this liquidity is demonstrated by the fact that Lifetime Brands has paid investors a dividend for the last 18 years 2 MIRO WAY LIFETIME BRANDS W BASELINE RD ALDER AVE Executive Summary

4 SUPERIOR LOCATION Central Inland Empire location with immediate access to four major freeways o I-210 o I- o I- o I-10 Part of the new master planned Renaissance Rialto providing superior amenities to area tenants ±1 mile south of the I-210 freeway/alder Avenue on/off ramp Close proximity to Ontario International Airport (regional airport) and two Metrolink stations only 5 minutes south in Fontana Employers are attracted to Rialto s steady population growth and affordable housing, as well as accessibility to other metropolitan areas Inland Empire employers are also given the advantage of free training for high-paying advanced manufacturing jobs at the Industrial Technical (InTech) Training Center at Chaffey College in Fontana Lower drayage rates as compared to Inland Empire East locations TOP LOGISTICS MARKET The Inland Empire market generated over 8 MSF of net activity during the first half of 2017, following a strong year in 2016 with 40.8 MSF of gross activity and 17.1 MSF in net absorption Research shows the Inland Empire as the 2nd fastest growing market in the country for rent growth at.9% 56% of the 3.9 MSF of second quarter completions were preleased to e-commerce and consumer goods users Overall Inland Empire vacancy has dropped significantly throughout the year to 3.0% as of YTD The Inland Empire West has an even lower rate of 1.6%. Big box vacancy (500,00 SF and greater) in the IEW is 1.9% with average rents of $.43 in 2017 RENAISSANCE MARKETPLACE (SPRING 2018) RESIDENTIAL LAND THE IE HAD THE SECOND STRONGEST RENT GROWTH IN THE U.S. IN 2016 WITH.9% DISTRIBUTION ALTERNATIVES AMZN* MONSTER ENERGY 2016 NATIONAL RENT GROWTH Rank Market Growth (%) MEDLINE GEODIS 1 Seattle 19.1% NIAGARA MIRO WAY UA* W BASELINE RD 2 Inland Empire.9% 3 Detriot.3% 4 Oakland 14.5% 5 San Francisco Peninsula 13.6% 3 ALDER AVE 6 Richmond 12.0% 7 Minneapolis 11.2% 8 Orange County 10.3% 9 Central New Jersey 9.5% *While some of the most recognized tenants are based in this area, confidentiality agreements prohibit us from mentioning them by name. 10 Suburban Maryland 8.8%

5 AERIAL 4 MIRO WAY W BASELINE RD ALDER AVE Executive Summary

6 SITE PLAN MIRO WAY 40ʼ 185ʼ 50ʼ FUTURE OFFICE RAMP 53 DOCK DOORS RAMP OFFICE ±9,562 SF 1,056ʼ 6 44ʼ ALDER AVENUE ʼ 50ʼ 56ʼ 650ʼ LIFETIME BRANDS 702,668 SF EXP. JUNE LAUREL AVENUE FUTURE OFFICE 41 DOCK DOORS OFFICE ±1,1 SF RAMP 40 ʼ 40ʼ 200ʼ 262ʼ 5 62ʼ NOT A PART DETENTION BASIN LEGEND DOCK HIGH DOORS GRADE LEVEL DOORS BASELINE ROAD OFFICE SPACE

7 LOCAL MAP Kendall Dr W 48th St Grove Ave S Grove Ave S Grove Ave Sapphire St Hillsisde Rd Carnelian St Banyan St Arrow Rte Lemon Ave ALTA LOMA RANCHO CUCAMONGA Archibald Ave E Airport Dr E Philadelphia St S Archibald Ave Hermosa Ave Ontario International Airport E Mission Rd Wilson Ave Haven Ave S Haven Ave 210 East Riverside Dr Haven Ave E 6th St E 4th St LOCATION HIGHLIGHTS o I-210 less than 1 mile o I- only 5 miles Edison Ave o 1-10 less than 5 miles o I- less than 6 miles S Milliken Ave Milliken Ave Historic Rte Hamner Ave Church Baseline Rd St E Airport Dr E Jurupa St Banyan St Harrel St Etiwanda Ave S Etiwanda Ave Jurupa Rd Whittram Ave ONTARIO Mulberry Ave Van Buren Blvd KAISER Cherry Ave Cherry Ave Cherry Av e DECLEZVILLE Glen Avon JURUPA VALLEY Foothill Fwy Highland Ave San Bernardino Ave Valley Blvd San Bernardino Fwy Jurupa St Baseline Rd Foothill Blvd Summit Ave Sierra Lakes Citrus Ave Slerra Ave Miller Ave Arrow Blvd FONTANA Slover Ave Slerra Ave Palmetto Ave 10 Alderr Ave Santa Ana Ave Rubidoux Armstrong Rd Locust Ave Riverside Ave Sierra Ave Rialto N Locust Ave W Renaissance Pkwy N Locust Ave Linden Ave W Randall Ave BLOOMINGTON 7th St Ayala Dr W Ayala Dr W Rialto Ave Slover Ave Jurupa Ave CRESTMORE HEIGHTS W Merrill Ave Bloomiington Ave S Willow Ave BELLTOWN Riverside Ave RIALTO 66 Agua Mansa Rd E Baseline Rd UPSP SWITCH YARD FAIRMOUNT PARK MUSCOY N Macy St W Mill St N Rancho Ave S La Cadena Dr HIGHGROVE Iowa Ave Historic Rte 66 W 16th St Mt. Vernon 259 COLTON SAN BERNARDINO VALLEY COLLEGE 18 Arrowhead W 5th St SAN BERNA B.N.S.F. INTERMODAL YARD W Main St Fairway Dr Barton Rd LEGEND ON/OFF RAMPS RENAISSANCE RIALTO W 40th St N E St W 9th St W Mill St S E St E Rialt Rech e Canyon 1 6 Executive Summary

8 7 REGIONAL MAP San Fernando an Nuys herman Oaks 170 Bel Air Hollywood Beverly Hills nta nica SOUTHERN CALIFORNIA IS HOME TO MILLION PEOPLE. LAX Airport Hawthorne South Los Angeles Manhattan Gardena Beach Torrance 110 Rancho Palos Verdes San Pedro BNSF Burbank Airport Burbank Port of Los Angeles Pasadena Citrus Rancho 5 Rialto Covina Claremont Cucamonga Ontario Fontana 4 Monterey 7 El Monte Park Pomona Ontario 1 71 International 5 Montebello Walnut Airport 2 Chino Chino Hills Pico Rivera Mira Loma University Eastvale Downey Lynwood Norco Riverside La Sierra Los Angeles Compton 5 3 Long Beach Port of Long Beach INTERMODAL YARDS 1. BNSF Commerce Eastern 2. BNSF Sheila 3. BNSF Hobart 4. BNSF San Bernardino 5. BNSF Watson / Wilmington 6. BNSF La Mirada 7. BNSF Pico Rivera Lakewood Norwalk Cypress Seal Beach UPSP 1. UP City of Industry 2. UP Colton 3. UP Dolores 4. UP LATC 5. UP Mira Loma 6. UP Anaheim 7. UP Montclair 8. UP Yermo 6 Westminster Fullerton 6 Huntington Beach 91 Anaheim 55 Newport Beach 57 Yorba Linda Orange Santa Ana John Wayne Airport 1 Irvine Anaheim Hills Laguna Beach 241 Lake Forest Laguna Niguel Foothill Ranch Mission Viejo Dana Point San 241 Corona El Cerrito 74 San Bernardino Colton Lake Elsinore Lake Arrowhead Redlands Moreno Valley Perris Reservoir Murrieta Perris Temecula Galway Downs

9 CAPITAL MARKETS EXPERTS DARLA LONGO Vice Chairman/Managing Director Lic BARBARA PERRIER Vice Chairman Lic REBECCA PERLMUTTER FINKEL, CFA First Vice President Lic MICHAEL KENDALL Senior Vice President Lic LOCAL MARKET EXPERTS DEBT & STRUCTURED FINANCE MARK ZORN, SIOR Colliers Senior Vice President Lic MICHAEL CHAVEZ Lee & Associates Principal Lic DAVID NGUYEN Lee & Associates Associate Lic VAL ACHTEMEIER Debt & Structured Finance Executive Vice President NATIONAL PARTNERS WEST DARLA LONGO BARBARA PERRIER BRETT HARTZELL REBECCA PERLMUTTER FINKEL MIKE KENDALL TAYLOR ODEGARD GINA CHRISTEN GLOBAL INDUSTRIAL & LOGISTICS Jack Fraker NORTHEAST Michael D. Hines Brian Fiumara Brad Ruppel Lauren Dawicki SOUTHEAST Chris Riley Frank Fallon Trey Barry Jennifer Klingler SOUTH CENTRAL Randy Baird Jonathan Bryan Ryan Thornton Heather McClain NORTH CENTRAL Mike Caprile Ryan Bain Zach Graham WEST Darla Longo Barbara Perrier Rebecca Perlmutter Finkel Brett Hartzell Mike Kendall Taylor Odegard Gina Christen DEBT & STRUCTURED FINANCE Val Achtemeier Scott Lewis Steve Roth Steve Kundert Offering integrated real estate capital markets solutions from strategy to execution delivered by a seamless national partnership 2017, Inc. The information contained in this document has been obtained from sources believed reliable. While, Inc. does not doubt its accuracy,, 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. and the logo are service marks of, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.