MAJOR RENOVATION COMPLETE: New roof, HVAC, skylights, parking lot, landscaping, signage program, and exterior paint. No capex required for a new owner. MAJOR “MARK TO MARKET” UPSIDE: In-place rents are only $1.22/PSF NNN, 16% below market (proven with two new leases signed at $1.45/PSF NNN) providing a “mark to market” cap rate of 6.58%. New ownership will have the ability to continue renewals/new leases at market rents given the lack of vacancy and “sticky” rent roll.