41 BUTTERFIELD TRAIL

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1 41 BUTTERFIELD TRAIL SINGLE TENANT PROPERTY 100% LEASED EL PASO, TEXAS Investment Highlights LEASED THROUGH OCTOBER 2021 The Property is 100% occupied by MAHLE Behr Manufacturing for 5 years. Founded in 1920, MAHLE manufactures and distributes automobile components that are used on nearly half of all automobiles produced worldwide. Additionally, the building features the capability to be expanded to a total of 240,000 square feet. STRONG INTERNATIONAL CREDIT MAHLE Behr Manufacturing is one of the world s largest automotive parts manufacturers, which will help ensure a consistent cash fl ow through the lease term. Additionally, the park features a plethora of large credit tenants such as: Cardinal Health, Penske Logistics, Yazaki, UPS and Owens Illinois. DOUBLE NET LEASE A robust $3.05/SF in-place NOI with $0.10/SF annual rent growth. EL PASO INDUSTRIAL MARKET STRENGTH El Paso is experiencing record low vacancy and signifi cant rent growth. Net absorption in the fi rst half of 2017 outpaced all of 2016, which was a strong year for El Paso. Fundamentals remain at record levels heading into the second half of STRONG SUBMARKET WITH RENT APPRECIATED Butterfi eld Trail is a 6.9 million SF master-planned industrial park with an all-time low vacancy rate of 3.9%. Rents have increased since the MAHLE lease was signed and demand remains strong. GROUND LEASE OVERVIEW The property features a ground lease that is in-place through February 2025, with a 10-year renewal option. The entire 6.9 million SF Butterfi eld Trail Industrial Park sits on a ground lease with the City of El Paso and all individual ground leases have been successfully renewed as desired by the lessee. PROPERTY OVERVIEW Address 41 Butterfi eld Trail Blvd. El Paso, TX Square Footage (SF) 153,241 Warehouse 145,000 (95%) Office 8,241 (5%) Acreage 12.5 Clear Height 22 Trailer Parking 150 Loading Expansion Fire Suppression 35 Dock High Doors up to ±240,000 SF Class IV Year Built 1985; Renovated in 2016 HVAC Equipment New FINANCIAL INFORMATION Tenant: Expiration: 10/21 MAHLE Behr Manufacturing Rental Rate: $3.55 (Oct 2017) Increases: $0.10/SF annually Reimbursements: NN w/ landlord responsible for roof, structure and ground lease Guarantor: MAHLE BEHR USA, INC Renewal: One 5 year renewal $3.93/ sf/yr (with 2% annual increases) Year 1 NOI: $467,210 Occupied: 100%

2 High Level Map Low Level Aerial

3 Site Plan MAHLE Behr Manufacturing EXP: 10/21 153,241 SF

4 Tenant Profile PRIVATE Private/Public 153,241 SF Net Rentable Area 100% % of Building Occupied OCTOBER 2021 Lease Expiration The MAHLE Behr success story begins in 1920 when pistons made of heavy gray cast iron were being used in internal combustion engines for automobiles. The MAHLE brothers countered this trend by producing light-alloy pistons at their small, newly established company. To keep dirt and dust out of the engine, they eventually developed air and oil fi lters as well. Nowadays, half of all automobiles produced worldwide contain MAHLE components. MAHLE has developed from a small test workshop to a tectonically leading, globally active group. Company statistics include: One of the world s 3 largest systems suppliers for engine systems, fi ltration, electrics, mechatronics, and thermal management. 77,000 employees worldwide. Sales of around EUR 12.3 billion. 170 production locations. MAHLE Behr supports manufacturers as early as in the development of new vehicle generations, not to mention the continuous improvement of series production appliances. The company s success has been seen in motorsport, be it in Formula 1 or in Le Mans. Moreover, their innovative products are used in stationary appliances, mobile machinery, as well as railroad, marine, and aerospace applications. MAHLE in North America ended 2015 with over 15,700 employees occupying more than 37 locations. The Mahle North American Headquarters houses the companies MAHLE Industries, MAHLE Aftermarket, Engine Components USA and MAHLE Powertrain LLC. A tenant at 41 Butterfi eld since October 2016, MAHLE Behr Manufacturing leases 153,241 square feet through October This lease is guaranteed by MAHLE Behr USA. EXCLUSIVE MARKETING ADVISOR CHRISTIAN PEREZ GIESE Senior Vice President Christian.PerezGiese@cbre.com LOCAL MARKET EXPERT ANTHONY MASH First Vice President anthony.mash@cbre.com 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verifi ed it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. 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. A CBRE NATIONAL PARTNERS INDUSTRIAL INVESTMENT OPPORTUNITY

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