WIXLIB

9525 WALLISVILLEROAD20 3,42 1 S F S I N G L E T E N A N T I N D U ST R I A L A S S E T N E T L E A S E D TO TA C H E N I N T E R N AT I O N A L

INVESTMENT SUMMARYJones Lang LaSalle (“JLL”), as the exclusive advisor to theOwner, is pleased to present the opportunity to purchasethe fee simple interest in 9525 Wallisville Road (the“Property”), a 203,421 square foot, Class A, singletenant industrial facility in Houston, TX. The Propertyis currently 100% leased to Ta Chen International andoffers stable income with approximately 5.75 years ofterm remaining and 2.5% annual rent increases. Thefacility has served as a mission-critical location for thetenant due to its proximity to the Port of Houston andprovides exceptional regional access through its positionrelative to major thoroughfares, including the 610 loop,Interstate 10, and Highway 90. 9525 Wallisville Roadoffers qualified investors the opportunity to acquire ahigh-functional industrial asset that is 100% leased to atop-tier international metals distributor.9525 WALLISVILLE ROAD { Executive Summary }

TRANSACTION SUMMARYLOCATIONSQUARE FEETYEAR BUILTBUILDING TYPEACREAGECLEAR HEIGHTTENANTLEASE TERMANNUAL RENT ESCALATIONS9525 Wallisville Road,Houston, TX 77013203,2411999/2008/2014Distribution &Warehousing17.0530'Ta Chen International5.75 Years2.50%{ Executive Summary } 9525 WALLISVILLE ROAD

9525 WALLISVILLE ROAD { Executive Summary }

{ Executive Summary } 9525 WALLISVILLE ROAD

INVESTMENT HIGHLIGHTSHIGHLY FUNCTIONAL LOCATION FOR ACOMMIT TED SINGLE TENANT9525 Wallisville Road is 100% leased to Ta Chen Internationalthrough September 2027. With a NNN lease in-place, thelandlord retains minimal management responsibilities and gainsguaranteed income from a 5-year lease backed by one of thelargest steel and metals distributors in the World. Additionally,new ownership will benefit from appreciating income as the leasefeatures 2.5% annual rent escalations. Prior to signing their lease,Ta Chen International was the owner of the facility and has beenthe only occupant since original construction.SECURE CASH FLOW WITH BACK ENDUPSIDE POTENTIAL9525 Wallisville Road offers investors a stable cash flow streamvia over 5 years of lease term remaining with contractual 2.5% rentescalations as well as potential for significant value creation with alease that will expire 15% below market rental rates in Q4 2027.9525 WALLISVILLE ROAD { Executive Summary }

INVESTMENT HIGHLIGHTSL ARGE YARD FOR OU TSIDE STOR AGE AREAURBAN INFILL LOCATIONThe property’s tenancy benefits from having a large outsidestorage area that spans approximately 5.3 acres. The majority ofthe yard is utilized by the current tenant to store excess product,and presents an amenity to Ta Chen that is extremely difficultto duplicate in today’s land-constrained market. Additionally, theoutside storage presents new ownership with the opportunity forfuture building expansion or to add additional parking in the eventthe building is ever leased to a high-density user such as those ine-commerce.9525 Walliville Road is strategically located on the urban eastside of Houston, offering Ta Chen International direct accessand utilization of the Port of Houston where most of the tenant’sproduct is distributed through. The Port of Houston is a 25-milelong development servicing 8,200 vessels and 215,000 bargeseacg year, that is currently experiencing double-digit annualgrowth in container volume year over year. The Port of Houstoncontinues to make strategic capital investments that will enhancethe port’s waterway, terminal, road, rail, and industrial propertyinfrastructure to create the most efficient, productive, and costefficient system possible.{ Executive Summary } 9525 WALLISVILLE ROAD

IRREPL ACEABLE INDUSTRIAL PRODUCT AMIDSTRISING CONSTRUCTION PRICESWith the continued rise in construction and land prices, the Propertywould be incredibly expensive to develop. New developments targetingsmaller tenants will become more difficult to replicate in the near-termand therefore decrease the amount of new supply coming available,allowing investors to push rent growth in the coming years.During the last recession, construction costs took nearly five years torecover. In 2021, construction costs have quickly recovered since a slightdecline of 1.1% in 2020 and are projected to increase 3.5-5.0% annuallythrough 2025.9525 WALLISVILLE ROAD { Executive Summary }

LS P RI N GPROXIMIT Y TO TR ANSPORTATIONINFR ASTRUCT UREHUMBLEGeorge BushInt’l AirportHardy Toll Road19.6 Miles26 Min Drive6.2 Miles11 Min DriveBeltway 86.2 Miles13 Min Drive8I-59695.1 Miles9 Min DriveCROSBY9525 WALLISVILLE ROAD90450.6 Miles3 Min Drive101.8 Miles5 Min Drive610CBD10I-101.8 Miles5 Min Drive107.3 Miles16 Min DriveG A LL E R I ADRIVE TIMESHighway 90I-6108Houston ShipChannelTIME30.6HIGHWAY 9051.8INTERSTATE 1051.8HIGHWAY 5995.1116.2136.2157.7167.32311.22619.6Port of HoustonBELTWAY 8I-45BE L L AI R E610INTERSTATE 457.7 Miles15 Min DriveHobby AirportBarbour’s Cut Container TerminalP A S A D EN A11.2 Miles23 Min Drive288146DOWNTOWN HOUSTONL A P O R TEHOBBY AIRPORTTRIN ITY B AYGEORGE BUSH INTERCONTINENTAL AIRPORT45MILES610 LOOPBaytownHARDY TOLL ROAD6100Located only 0.6 miles from the 610 Loop, the propertyis ideally situated in proximity to several of Houston’smajor thoroughfares. 9525 WallisvilleRoad is a 1.8 miledrive from Highway 90, 1.8 miles from Interstate 10, and7.3 miles from DowntownHouston. With exceptional1409access to Houston’s transportation infrastructure,the property is ideally located for long-term industrialviability.A TA S C O C I TAM I SSOUR I C I T Y8G A L V ES TO N B AYS EA B R O O KP E A RL A N DBayport Container TerminalF R I EN D S W O O DL EA G U E C I TYEAST B AY{ Executive Summary } 9525 WALLISVILLEROAD

HOUSTON: RECORD-BREAKING LEASING ACTIVIT Y IN Q2 2021Demand for industrial space in Houston has consistently ramped up in each of the last three quarters, but the anticipated surge finally hit mid-year. Leasingactivity totaled 11.8 million square feet in Q2 2021, nearly twice the five-year quarterly average. More importantly, 72% of activity was either new to marketor tenants expanding their current footprint, which should drive occupancy gains in the second half. Net absorption during Q2 2021 was 3.5 million squarefeet and is expected to set a record next quarter as companies move into both existing supply and new deliveries.LEASING ACTIVITY BY SIZE - 2Q 20214,000,000TOTAL LEASEDHISTORICAL LEASING ACTIVITY12,000,000NUMBER OF 0561721100,000-249,99950,000-99,99965500,000 250,000-499,9999525 WALLISVILLE ROAD { Executive Summary }20,000-49,999-Q2 2019Q3 2019Q4 2019Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021Q2 2021

HOUSTON - NATION LEADING GROW THIn 2020, Houston led the nation with 48,208 single-unit housingpermits, leading Dallas by nearly 5,000 permits and Austin by more than20,000 permits. Driven by Houston’s nation-leading population growth, theHouston housing market shows no signs of slowing down. The Houstonsingle family home sales market saw its twelfth consecutive positivemonth of sales in May, jumping 56% year-over-year to 12,100 homes sold.Over the past 10 years, Houston has gained 1,284,268 residents, rankingsecond in the U.S. over that time. From 2020 to 2029, Houston is expectedto tack on another 1.24 million residents, pushing the MSA’s population toover 8 million people.SINGLE-FAMILYPERMITS: DEC(UNITS #YTD, NSA)METROPOLITAN STATISTICAL AREAHOUSTON-THE WOODLANDS-SUGAR LAND, TX48,208DALLAS-FORT WORTH-ARLINGTON, TX43,884PHOENIX-MESA-SCOTTSDALE, AZ31,724ATLANTA-SANDY SPRINGS-ROSWELL, GA28,057AUSTIN-ROUND ROCK, TX21,653CHARLOTTE-CONCORD-GASTONIA, NC-SC17,807TAMPA-ST. PETERSBURG-CLEARWATER, FL16,028ORLANDO-KISSIMMEE-SANFORD, FL15,523NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN14,125WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV13,594Sources: National Association of Home BuildersEXPLOSIVE REGIONALPOPUL ATION GROW THHouston led the nation in Housing Starts in 2020and is expected to be a leading National MSA fornew home starts for the next 5 years.HOUSING STARTS(Multi Family & Single Family)80,00070,000HOUSTON MSADALLAS MSANEW YORK MSAPHOENIX MSA60,00050,00040,00030,00020202021 EST2022 EST 2023 EST 2024 EST 2025 ESTSource: Oxford Economics{ Executive Summary } 9525 WALLISVILLE ROAD

Houston CBDWEST FACING AERIAL220, 500 VPD10610157,914 VPDWallisville Road - 28,128 VPDWALLISVILLE ROAD9525 WALLISVILLE ROAD { Executive Summary }

SOU THEAST FACING AERIAL9059,845 VPDWall isv illeRoad-28,128VPDWALLISVILLE ROAD{ Executive Summary } 9525 WALLISVILLE ROAD

HOUSTON INDUSTRIAL MARKE TTotal vacancy reversed course after an eight-quarter climb and dropped to9.3%, which is notable given the one-million-square foot vacant spec deliveryin the Southeast submarket this quarter. Supply and demand are largely inbalance at the midpoint of the year, an alignment that hasn’t occurred since2018. Rising building materials costs have caused construction pricing to rise,temporarily delaying some project groundbreakings. Given this, constructionactivity rose just slightly quarter-over-quarter to 13.7 million square feet but isexpected to remain at high levels. Total availability, which includes any spacemarketed for lease regardless of vacancy status, fell 140 basis points to 11.4%, areflection of current leasing and construction activity.Outlook: The market is moving at a rapid pace, and quickly changing conditionsare accelerating timelines for both owners and occupiers. After peaking inQ1, vacancy is expected to tighten over the next few quarters and reach themid-8% range by year-end. Leasing activity from H1 2021, coupled with a 67.8%preleased construction pipeline, is setting Houston up for its highest annualabsorption on record. The market is still broadly tenant favorable, but leverageis shifting, and large users in particular are seeing options dwindle, turning thatsegment of the market more landlord favorable.X Leasing volume totalednearly 12 million square feetin Q2, topping Q4 2020’s highwatermark by nearly twomillion square feetX Net absorption climbed above X Total vacancy reached anaverage at mid-year and isinflection point and edgedpoised to set a new quarterlydownward to 9.3%record in Q3SUPPLY & DEMAND[SF]TOTALVACANCYDIRECT3010% 0.608% 0.506% 0.404% 0.30201002%20172018AVERAGE ASKING RENTS[ /SF]DELIVERIESNET ABSORPTIONMILLIONSMarket demand has consistently ramped up in each of the last three quarters,but the anticipated surge finally hit at mid-year. Leasing activity totaled 11.8million square feet, almost twice the five-year quarterly average. Even moreimportantly, 72.3% of activity was either new to market or represented a tenantexpanding its current footprint, which should drive strong occupancy gainsin the second half of the year. Net absorption totaled 3.5 million square feetin Q2, led by sizable move-ins from RTIC Outdoors in the West submarket,an e-commerce user in the Northwest and 4PX Express in the Southwest.Absorption is projected to set a record next quarter as companies move intoboth existing supply and new deliveries.Q2 2021 HIGHLIGHTS2019202020212007 2009 2011 2013 2015 2017 2019 2021 0.20SUBLEASE2007 2009 2011 2013 2015 2017 2019 2021INVENTORYQ2 NETABSORPTIONYTD NETABSORPTIONUNDERCONSTRUCTIONTOTALVACANCYDIRECT ASKINGRENTQ2 LEASINGACTIVITYCONCESSIONS471,657,687 SF3,512,404 SF5,981,603 SF13,742,827 SF9.3% 0.48 PSF11,778,039 SFStableHOUSTONINVENTORY(S.F.)YTD TOTAL NETQUARTERLY TOTAL NET ABSORPTIONABSORPTION (S.F.)(S.F.)YTD TOTAL NETABSORPTION(% OF STOCK)TOTALVACANCY(%)AVG DIRECTTOTALASKING RENTAVAILABILITY (%) ( F.)UNDERCONSTRUCTION(S.F.)WAREHOUSE & 12.6% 3,216290,409350,3910.4%3.6%6.1% 0.53211,600709,050588,043OVERALL TOTAL471,657,6873,512,4045,981,6031.3%9.3%11.4% 0.483,289,8496,341,65913,742,8279525 WALLISVILLE ROAD { Financial & Market Overview }