115 CENTER AVE, PACHECO, CA

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1 EXECUTIVE SUMMARY FEDEX EXPRESS CORPORATION 11 CENTER AVE, PACHECO, CA DOUGLAS LONGYEAR, SIOR doug.longyear@cushwake.com CA Lic # BROOKS PEDDER, SIOR brooks.pedder@cushwake.com CA Lic# SCOTT BERTRAND scott.bertrand@cushwake.com CA Lic# SUBJECT PROPERTY

2 EXECUTIVE SUMMARY Cushman & Wakefield s Net Lease Group is pleased to offer for sale the 70,610 sq. ft. FedEx Express Distribution Building on a 3.69 acre site located at 11 Center Avenue, Pacheco, California, which is a small unincorporated area between Concord and Martinez in North Contra Costa County. $17,100,000 Price New 16 Year Lease Term Multiple Rent Increases Rent at Market Rate This offering is a rare opportunity to acquire an industrial property located in the dynamic Bay Area and leased long term at a market rent to Federal Express Corporation. KEY INVESTMENT CONSIDERATIONS FedEx Property History FedEx BTS constructed in 198 FedEx requested a building expansion in 1990 FedEx Lease Favorable Maintenance clause FedEx Express Credit World s largest express transportation company FedEx Express has its own S&P BBB bond rating Largest subsidiary of FedEx Corporation (NYSE: FDX) ecommerce ecommerce s share of total retail sales in the U.S. is approximately 9% ecommerce s share is expected to grow to 2%-30% FedEx is one of the leading shippers of Internet related purchases Real Estate Advantages Easy access to I- Infill location close to high income residential, industrial and commercial areas Rare large building in local submarket ideal for last mile ecommerce use. Fundamentals FedEx Express paid for an expensive material handling system. The FedEx rent is at current market rent and below a build-to-suit rent SUBJECT PROPERTY

3 FEDEX EXPRESS CORPORATION The Tenant: Federal Express Corporation The world s largest express transportation company. FedEx Express delivers approximately 6 million shipments and 29 million pounds of freight each business day. Federal Express Corporation, a Delaware corporation ( FedEx Express ), invented express transportation and remains the industry s global leader, providing rapid, reliable, time-definite delivery to more than 220 countries and territories, connecting markets that comprise more than 99 percent of the world s gross domestic product. FedEx Express has unmatched air route authorities, transportation infrastructure and leading-edge information technologies. Revenues (FY 2018) $36 Billion Operating Income $2.10 Billion FedEx Express Fleet 390 Jets 28 Airplanes 87,0 Trucks S&P Bond Rating BBB The Tenant s Parent Company - FedEx Corporation FedEx Corporation, a Delaware corporation (NYSE: FDX), provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. The company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. FedEx has more than 2,000 employees and is consistently ranked among the world's most admired and trusted employers. FedEx Corporation does not guaranty the lease. Total Assets (FY 2018) $3 Billion Shareholder s Equity $19 Billion Revenues $6 Billion Net Income $.7 Billion S&P Bond Rating BBB

4 0 ROSEVILLE CITRUS HEIGHTS WOODLAND FEDEX EXPRESS NETWORK MAP FOLSOM EL DORADO HILLS DAVIS SACRAMENTO RANCHO CORDOVA 0 11 TERMINAL SQ. FT. 8 0 DIXON Center Avenue Pacheco, CA ,610 UMA NOVATO RAFAEL LARKSPUR MILL VALLEY SONOMA BIG BEND 1 SEARS POINT SAUSALITO PABLO BAY NAPA PABLO RICHMOND MARE ISLAND HERCULES 1 AMERICAN CANYON 7 PLEAT HILL EL CERRITO WALNUT CREEK ORINDA 2 LAFAYETTE BERKELEY 7 MORAGA ALAMO EMERYVILLE VALLEJO BENICIA MARTINEZ VACAVILLE FAIRFIELD SUISUN BAY CONCORD BAY POINT DANVELLE PITTSBURG 113 ANTIOCH RIO VISTA OAKLEY 160 BRENTWOOD 8 DISCOVERY BAY ELK GROVE 99 THORNTON 99 STOCKTON LATHROP 99 LODI Francisco Boulevard East San Rafael, CA Main Street San Francisco, CA Gateway Boulevard South San Francisco, CA Haven Avenue Menlo Park, CA Lawrence Station Road Sunnyvale, CA Dado Street San Jose, CA rd Street Emeryville, CA , , ,07 69,00 0, ,07 37,00 1 DALY CITY PACIFIC OCEAN FRANCISCO SOUTH FRANCISCO MATEO 92 8 OAKLAND ALAMEDA FRANCISCO BAY FOSTER CITY REDWOOD CITY 8 MENLO PARK LEANDRO PALO ALTO LOS ALTOS HILLS 101 CASTRO VALLEY HAYWARD 8 MOUNTAIN VIEW 8 NEWARK CUPERTINO UNION CITY 238 SUNNYVALE 82 RAMON FREMONT 237 TA CLARA DUBLIN 6 10 PLEATON SUNOL 8 MILPITAS JOSE 87 2 LIVERMORE 20 TRACY MANTECA MODESTO Edes Avenue Oakland, CA Pardee Drive Oakland, CA Johnson Drive Pleasanton, CA Sun Center Drive Rancho Cordova, CA Performance Drive Stockton, CA ,068 33,11 98,030 3,000 60,710 SARATOGA

5 HEADER SITE PLAN 70,610± SF CENTER AVENUE FedEx Express Concord, CA v

6 HEADER MORAGA ORINDA LAFAYETTE PLEAT HILL PACHECO WALNUT CREEK ALAMO JOSE CENTER AVENUE CONCORD AVENUE BUCHANAN FIELD AIRPORT (CONCORD) SW FedEx Express Concord, CA vi

7 HEADER MARTINEZ MARE ISLAND VALLEJO BENICIA SHELL REFINERY 7 VALLERO REFINERY BENICIA INDUSTRIAL PARK FAIRFIELD VACAVILLE SACRAMENTO FREEWAY ACCESS POINT PITTSBURG ANTIOCH PACHECO FREEWAY ACCESS POINT CENTER AVENUE PACHECO BOULEVARD CONTRA COSTA BOULEVARD BUCHANAN FIELD AIRPORT (CONCORD) CHILPANCINGO PARKWAY FREEWAY ACCESS POINTS CONCORD BOULEVARD NW CONCORD FedEx Express Concord, CA vii

8 HEADER SUISUN BAY HONKER BAY BAY POINT PITTSBURG NORTH CONCORD INDUSTRIAL PARK 22 CONCORD BUCHANAN FIELD AIRPORT (CONCORD) NE PACHECO CENTER AVENUE FedEx Express Concord, CA viii