STABILIZED, IN-PLACE CASH FLOW • 5-year lease with Aqua Gunite, Inc. (executed Dec 2024) producing $70,452 in Year 2 contractual rent. 3% annual escalators provide built-in income growth through 2029. TRUE IOS ASSET IN A TOP-TIER US INDUSTRIAL MARKET • 0.32-acre industrial outdoor storage yard in Davie’s SW 22nd Court industrial corridor — minutes from I-595, I-95, FL Turnpike, and the Fort Lauderdale-Hollywood International Airport. RARE RAC-RTW ZONING UNLOCKS REDEVELOPMENT OPTIONALITY • Davie Regional Activity Center / Research & Technology West designation permits a far wider range of higher-and-better uses than typical industrial dirt — research, tech, office, residential, mixed-use — providing exit optionality at lease expiration. MODEST LANDLORD BURDEN • Lease passes through all tax increases over 2024 base year, plus insurance, maintenance, and sales tax. Landlord obligation: 2024 base RE taxes only ($2,055/year per 2023 actual). STRONG TAILWINDS IN IOS AS AN ASSET CLASS • IOS rents have grown 123% since 2020. Institutional capital — Alterra IOS / Blue Owl ($150M facility, 21 properties), Zenith / JPMorgan ($1.5B GAV), Blackstone — continues to drive cap rate compression in primary markets.