The portfolio consists of 3 assets: 2 High-End, Small Bay Industrial Buildings Given the favorable and flexible zoning, the tenancies range from industrial storage to photo studios, golf simulators, office space, and wine storage. Tenants range in size from just over 1,000 SF to 4,000+ SF, a very underserved market niche with no new supply underway. The institutional ownership group has curated these tenants, and although the units are not even marketed, there is a waiting list for groups interested in leasing. We are guiding to $25/SF NNN (established by several leases), we recently inked a $27/SF NNN lease in these spaces, and feel that there is an opportunity to push higher rates. Ownership offers these units to the market in shell condition, with only a bathroom and AC in the space. Although Class B/C small bay industrial spaces are leasing for $20/SF+NNN, when touring these assets, you can see why these units meet the market as they relate to higher quality tenants and a unique blend of uses. The buildings recently underwent renovations and just finished receiving their CO. The lease-up has been very quick, and even in the past weeks, as we have been preparing the marketing materials, we have had to continually update the models due to the leasing velocity. We anticipate this to continue, and again, we feel there is an opportunity to drive the rate higher. 1 Single-Tenant Industrial Building Currently leased to the national brand, indoor-trampoline tenant “Skyzone”, this is a lease with several years of term and a fixed option. The building has been upgraded (fully AC), and the business is established and has operated at this location for years. Although the renewal option is well below market, this is a facility that benefits from a phenomenal location. If, for some reason, this tenant does not exercise their option, we believe there is an opportunity to either mark the rate to market at a level 75%+ over current rental, or sell the building to a like-kind user at a very large delta to current pricing. Effectively, if the renewal is exercised, this asset serves as an “anchor tenant” to the portfolio; if it is not, the upside in both rental and sale scenarios is very significant. Although we are offering all 3 assets as a joint offering, we are also open to receiving separate offers for both the "Small Bay” buildings and the “Skyzone” facility. We also include all leases, an Argus model, the current rent roll, and other relevant material on the Real Capital Markets platform.