FULLY LEASED SMALL-BAY PARK WITH IMMEDIATE UPSIDE * GRANULAR SMALL-BAY CONFIGURATION | 56,344 SF across four buildings and 25 suites averaging 2,254 SF, served by 30 grade-level drive-in doors measuring 12 feet wide by 12 feet high. Suites range in size from 1,500 to 4,200 SF and are ideally positioned to cater to local contractor, service and light manufacturing tenants. * 100% LEASED AT CLOSING | Every suite is occupied as of October 1, 2026. In-place net operating income of $525,062 delivers a 6.76% in-place capitalization rate on the $7.7M purchase price, or $138 per SF. No lease-up, no downtime, no carry at acquisition. * RENTS SIT 5.70% BELOW MARKET | In-place rent averages $1.07 per SF modified gross against a $1.13 market. Marked to market, the same income supports a 6.98% capitalization rate. Eight suites sit more than 8% below market and one sits 19% below. IDEALLY POSITIONED IN A SUBMARKET WITH NO SMALL-BAY PIPELINE * NOTHING IS BEING BUILT HERE | Central Valley has 6.0 million SF under construction, up 54.2% year-over-year. Every square foot of this new construction is big box format and sits in Tracy (4.12M SF), Lathrop (1.24M SF) and Stockton (655k SF). Ceres and Modesto have zero. The competitive supply threat is somewhere else, and it is big-box, not small-bay. Source: CBRE Research, Q2 2026. * CLOSE TO FREEWAY AND AIRPORT | The property is ideally located at a multi-lane intersection with over 45,000 cars per day, 7 minutes from Highway 99 and 1 minute from the airport. * ESTABLISHED INDUSTRIAL PARK WITH YARD AND PARKING | 3.29 acres zoned IP, Industrial Park, with 12 ingress and egress points across Nicholas Way, Mitchell Road, Adrian Way, and Angie Avenue. Roughly 100 auto spaces, or 1.77 per 1,000 SF. Building coverage runs near 35%, leaving the maneuvering room small-bay users need and multi-tenant competitors usually lack. STRONG MARKET FUNDAMENTALS * VACANCY DOWN 180 BASIS POINTS YEAR-OVER-YEAR | Central Valley vacancy closed Q2 2026 at 7.4%, down 130 basis points quarter-over-quarter and 180 basis points from 9.2% a year earlier. The market has now recovered past its Q1 2025 peak of 9.9% and sits below where it stood in 2023. Source: CBRE Research, Q2 2026. * DEMAND IS ACCELERATING, NOT STABILIZING | Net absorption in the Central Valley reached 2.0 million SF in Q2 2026, up 20.4% quarter-over-quarter and 4.7% below the 2.1 million SF posted a year earlier. Leasing hit 5.5 million SF, up 72.2% quarter-over-quarter and 56.4% year-over-year. Rolling four-quarter absorption runs 63.4% ahead of last year. Amazon, Medline, Maersk, and Bunzl all committed to space in the quarter. Source: CBRE Research, Q2 2026.