Investment Highlights - Scarcity & Demand: low vacancy, limited industrial zoned land, high land and construction costs, and difficult permitting environment makes new industrial development difficult to replicate. - Asset Quality: Modern, 2021 construction eliminate near-term capital expenditure concerns and deferred maintenance risk. Market & Location: Kapolei’s continued growth as West Oahu’s commercial and industrial hub drives strong long-term demand for quality industrial space. - Owned Solar Panels: captures the full economic benefits of on-site generation - reducing monthly utility costs. Owned solar panels enhances the property’s long-term value, providing a hedge against rising electricity rates. Location Description Situated within Kapolei Business Park Phase II, this property sits at the heart of West Oahu’s most active commercial development corridor. As part of one of Hawaii’s newest master-planned industrial parks, it reflects the next generation of business infrastructure on the island — drawing quality tenants, modern amenities, and long-term institutional investment. Kapolei has grown into Oahu’s “second city,” a thriving hub for commerce, industry, and residential expansion with a strong pro-business environment and continued public and private investment. The property benefits from excellent connectivity to the H-1 Freeway and major regional thoroughfares, allowing efficient movement of goods, employees, and fleet vehicles across the island. Of particular strategic value is the property’s proximity to Kalaeloa Harbor and Kalaeloa Airfield — a rare combination of deep-draft maritime access and general aviation capabilities from a single business address. For businesses with freight, logistics, aviation, or defense-related operations, this dual infrastructure advantage is difficult to match anywhere else in Hawaii.