96% LEASED SHALLOW BAY MULTI-TENANT INDUSTRIAL PROJECT NEAR FREEWAY WITH BELOW MARKET RENTS * 96% leased to a diverse mix of tenants with 3.7 years of WALT, providing stable income stream along with future leasing upside. * NOI is projected to grow 32.8% over next 6 years. * Incredible mark-to-market opportunity – rents in place are 15% below market. * 9-Building (22 units) configuration allows multiple exit strategies, including break apart building sales to owner-users and small investors. * Varied unit sizes (from 774 SF to 16,000 SF) allow maximum leasing flexibility to accommodate tenant growth, leading to higher tenant retention. * High-quality concrete construction that is institutionally maintained with strong curb appeal. EXCELLENT LOCATION & STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE * There are 64.4 MSF of industrial properties in Sacramento between 4,000-50,000 SF. The vacancy rate is only 3.8% and rents have grown 3.6% per year over last five years. * Virtually no new construction of small-bay industrial product in the Sacramento market since the 1980s. * Folsom/El Dorado Hills submarket has 2.1 MSF of flex/high tech/R&D space and a vacancy rate of only 4.5%. * Future upside in location, as Property is only 3-minute drive from brand new, transformative 3,585-acre Folsom Ranch development that includes 11,461 new homes, two hospitals, six schools, etc. * Located close to Highway 50; in safe and clean business environment surrounded by high-end homes; only 25-minute drive to Downtown Sacramento.