AIRTEX 225,360 SQUARE FOOT BEST-IN-CLASS INDUSTRIAL WAREHOUSE BUILDING DISTRIBUTION CENTER EXECUTIVE SUMMARY

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1 AIRTEX DISTRIBUTION CENTER H O U S T O N, T E X A S EXECUTIVE SUMMARY 225,360 SQUARE FOOT BEST-IN-CLASS INDUSTRIAL WAREHOUSE BUILDING

INVESTMENT SUMMARY BEST-IN-CLASS INDUSTRIAL WAREHOUSE HFF is please to offer for sale Airtex Distribution Center (the Propert ), a best-in-class cross-ock inustrial warehouse builing totaling 225,360

Airtex Distribution Center is 100% lease to Source Logistics an Fortune Seasons with 4.2 ears weighte average lease term remaining.

2 INVESTMENT SUMMARY BEST-IN-CLASS INDUSTRIAL WAREHOUSE HFF is please to offer for sale Airtex Distribution Center (the Propert ), a best-in-class cross-ock inustrial warehouse builing totaling 225,360 square feet. The Propert is locate on Airtex Blv near Interstate 45 in the North Houston Inustrial submarket an in close proximit to George Bush Intercontinental Airport. Airtex Distribution Center is 100% lease to Source Logistics an Fortune Seasons with 4.2 ears weighte average lease term remaining. Airtex Distribution Center allows qualifie investors the opportunit to acquire a new, class-a inustrial asset an participate in the strengthening funamentals of the North Houston Inustrial submarket. INVESTMENT SUMMARY LOCATED WITHIN MAJOR HOUSTON DISTRIBUTION CORRIDOR OPPORTUNITY TO PARTICIPATE IN IMPROVING SUBMARKET FUNDAMENTALS UPON ROLLOVER STRONG TENANCY INCLUDING RECENT TENANT EXPANSION MODERN BUILDING WITH LOW OFFICE FINISH SURROUNDED BY INSTITUTIONAL OWNERS CLOSE PROXIMITY TO GEORGE BUSH INTERCONTINENTAL AIRPORT HOUSTON ECONOMIC FUNDAMENTALS CONTINUING TO STRENGTHEN INVESTMENT OVERVIEW ADDRESS 300 W. Airtex Blv Houston, Texas NET RENTABLE AREA 225,360 SF LAND SIZE 13.8 acres YEAR BUILT 2014 CLEAR HEIGHT 32 feet OFFICE FINISH 3.9% 2

LOCATED WITHIN MAJOR HOUSTON DISTRIBUTION CORRIDOR Airtex Distribution Center is locate along Houston s major north/south thoroughfare connecting to Dallas, Interstate 45.

3 LOCATED WITHIN MAJOR HOUSTON DISTRIBUTION CORRIDOR Airtex Distribution Center is locate along Houston s major north/south thoroughfare connecting to Dallas, Interstate 45. This location allows for tenants to easil access trae routes an major Houston population centers incluing The Woolans to the north an owntown an surrouning areas to the south. Aitionall, Interstate 45 connects Airtex Distribution Center to the Gran Parkwa (Highwa 99), Houston s outer loop, as well the Sam Houston Tollwa (Beltwa 8) just to the south. Tenants in the north submarket, particularl near Airtex Distribution Center, benefit from its close proximit to the George Bush Intercontinental Airport. OPPORTUNITY TO PARTICIPATE IN IMPROVING SUBMARKET FUNDAMENTALS UPON ROLLOVER North submarket rental rates are currentl below historic highs after a wave of suppl elivere into the earl stages of the oil price collapse in late 2014/ earl INVESTMENT HIGHLIGHTS Since the latest ccle of evelopment in the submarket, there has been ver limite amount of prouct to hit the market, allowing eman to catch up an man of the existing vacancies have now been fille. Airtex Distribution Center offers the opportunit to acquire an asset an attractive basis for class A prouct an participate in the improving submarket funamentals upon rollover in five ears. 3

Source Logistics is operating a foo grae warehouse within their space an customers inclue 20+ househol brans within a multi-state istribution network.

4 STRONG TENANCY The Propert is 100% lease to Source Logistics an Fortune Seasons. Fortune Seasons recentl expane b an aitional 59,854 square feet an extene the term on its existing space, which is its secon expansion at the Propert. Source Logistics is operating a foo grae warehouse within their space an customers inclue 20+ househol brans within a multi-state istribution network. INSTITUTIONAL QUALITY BUILDING WITH LOW OFFICE FINISH Airtex Commerce Center was constructe to the highest stanars of toa s inustrial real estate. The builing features a 32-foot clear height, ESFR sprinkler sstem, 130-foot truck court, 52 ock-high oors an 4 rive-in ramps along with 18 trailer parking stalls. INVESTMENT HIGHLIGHTS 4

GEORGE BUSH INTERCONTINENTAL AIRPORT SURROUNDED BY INSTITUTIONAL OWNERS The North Inustrial submarket is home to man of the largest institutional inustrial owners incluing Prologis, EastGroup, Duke

IPT EXETER IMPERIAL VALLEY DRIVE MOLTO GLP CALSTRS PROLOGIS CLOSE PROXIMITY TO GEORGE BUSH INTERCONTINENTAL AIRPORT Locate a few miles east of Airtex Commerce Center, George Bush Intercontinental

5 GEORGE BUSH INTERCONTINENTAL AIRPORT SURROUNDED BY INSTITUTIONAL OWNERS The North Inustrial submarket is home to man of the largest institutional inustrial owners incluing Prologis, EastGroup, Duke Realt, Libert Propert Trust, CalSTRS, Clarion Partners, IPT an TH Real Estate, to name a few. IPT EXETER IMPERIAL VALLEY DRIVE MOLTO GLP CALSTRS PROLOGIS CLOSE PROXIMITY TO GEORGE BUSH INTERCONTINENTAL AIRPORT Locate a few miles east of Airtex Commerce Center, George Bush Intercontinental Airport serves as Houston s main airport an air cargo estination. The airport serves 27 passenger airlines, 186 non-stop estinations an in 2017 saw nearl 41 million travelers. In Januar 2019, Unite Airlines will a its latest non-stop international estination with Sne, Australia. INVESTMENT HIGHLIGHTS IPT I-45 NORTH FREEWAY George Bush Intercontinental Airport is a ke part of Texas airport network, which accounte for $71.1 billion in international trae in In that ear, IAH accounte for about $15 billion in trae, supporting 38,000 Texas jobs an generating $5.4 billion in gross state prouct. PROLOGIS LAND W AIRTEX BOULEVARD 5

6 Eas tex Frw m r Fa et RT E R DI STR I BU T IOWNRicCheE N K A I RTEX DI S T R I BUT I ON C EN T ER ke n ah lr Walters R W Will Claton P kw Blv nne Ke R Pkw enter B lv Ai r C E Har Dr ough Dr rthbo r No 60 R Rankin R Gran ket 19 George Bush Intercontinental Airport Rankin R V North Fw e To Mar nf Joh o W Ra n k in Rpos HO v Bl ial Jester B lv or m Me Greens R Sam Houston Pkw 69 George Bush Park Downtown Westchase Westheimer R The Galleria lwa Westpark Tol ut So FORT BEND rw tf es hw Texas Meical Centerth Sou Fw tex Barbour s Cut Terminal Galveston Ba Pk w Sam Houston Tollwa n Eas Loop William P. Hobb Airport Gu lf South Frw Be Frw San Jacinto Ba Pasaena Frw 69 w Fr Fort n East Batow Loop East Loop Energ Corrior West Loop Kat Frw North W. R w Pk ont aum Be Hw Aline Westfiel R ll w Fr Shelon Reservoir ba Frw m To st rth we Roa rth No No Toll Har FM 525 PROPERT Y OVERVIEW Lake Houston Pr R e ch N Fw la ns Sam Houston Pkw TC ra Greenspoint Spears R te Ve George Bush Intercontinental Airport Ri Farm gr wi ch as e Tr ek P kw Inez R E Airtex Dr El HARRIS E Ric h e R Cre R R Aline Westfiel R lter s Wa u Dr lle l Va ria pe 0R 6 19 et rk Ma ToA I RTE X Im North Fw lr ExxonMobil Corporate Heaquarters W R a) E Har ro Har Toll R ( To l l ah Lake s Houston es pr StateCPark Pkw ek Cre l R stfie We North Fw n MONTGOMERY Cp res s R el Bamm LIBERTY ke The Woolans Ku 69 Gran Pkw l fie ch rs Hi Cpresswoo Dr o ine Al o sw Dr re s o p wo E C es pr C Fa rr el lr R u Lo Blv la El tt ue Lo ar ta sr es pr C Dr g s rin Sp Toll R (To Har ll ro a ) LOCATION MAPS Arman Baou Park Baport Terminal Clear Lake Smithers Lake Propose Gran Pkw BRAZORIA GALVESTON 6

7 SITE PLAN SOURCE LOGISTICS 88,551 SF 130 G R A N D P O I N T R O A D 18 TRAILER SPACES DOCK DOORS 596 FORTUNE SEASONS DOCK DOORS PROPERTY OVERVIEW 136,809 SF W E S T A I R T E X B O U L E V A R D OFFICE WAREHOUSE 7

8 INVESTMENT HIGHLIGHTS 8

HOUSTON ECONOMIC FUNDAMENTALS CONTINUING TO STRENGTHEN The Houston econom is continuing to strengthen. Recentl, Houston has experience robust population, emploment, an overall economic growth.

The economic recover can be seen in the metrics nearl 54,200 jobs have been ae in the 12 months trailing Jul 2017 an 125,000 new resients came to Houston from Jul 2015 to Jul 2016 (2n in the Nation).

9 HOUSTON ECONOMIC FUNDAMENTALS CONTINUING TO STRENGTHEN The Houston econom is continuing to strengthen. Recentl, Houston has experience robust population, emploment, an overall economic growth. As the nation s fourth-largest metropolitan area is back on the rise, institutional an private groups have mae significant investments in both owntown an the surrouning area. The economic recover can be seen in the metrics nearl 54,200 jobs have been ae in the 12 months trailing Jul 2017 an 125,000 new resients came to Houston from Jul 2015 to Jul 2016 (2n in the Nation). Aitionall, since December 2016, the Houston Business Ccle Inex has grown an annualize 3.3%, suggesting an exit from the oil bust an growth in the future. INVESTMENT HIGHLIGHTS DIVERSIFIED HOUSTON ECONOMY #1 #1 #1 POPULATION GROWTH AMONG U.S. METROS SINCE 2010 (#2 in forecaste population growth through 2030*) GDP PER CAPITA IN THE WORLD (#3 GDP growth since 2000 among U.S. metros) JOB GROWTH AMONG U.S. METROS SINCE 2006 (#3 in forecaste job growth for the next 10 ears*) #3 AMONG U.S. CITIES WITH 46 FORTUNE 1000 COMPANIES HEADQUARTERED IN THE CITY 101,800 JOBS ADDED IN THE TRAILING 12 MONTHS 125,005 $232,000 NEW RESIDENTS FROM JULY 2015 THRU JULY 2016 (#2 in the U.S.) MEDIAN HOME VALUE AS OF DECEMBER

CONTACT INFORMATION INVESTMENT SALES TRENT AGNEW Managing Director T. (713) 852-3431 tagnew@hfflp.com FINANCING INQUIRIES MICHAEL JOHNSON Director T. (713) 852-3474 mjohnson@hfflp.

10 CONTACT INFORMATION INVESTMENT SALES TRENT AGNEW Managing Director T. (713) FINANCING INQUIRIES MICHAEL JOHNSON Director T. (713) RUSTY TAMLYN, CCIM, SIOR Senior Managing Director T. (713) DANE PETERSEN Analst T. (713) ETHAN GOLDBERG Analst T. (713) HFF HOUSTON 9 Greenwa Plaza, Suite 700 Houston, Texas T. (713) F. (713) hfflp.com

FOR LEASE OR BUILD-TO-SUIT

36-ACRE BUSINESS PARK BELTWAY 54,340 S.F. 8 AND Available U.S. HIGHWAY for Lease90-A MISSOURI CITY, TEXAS www.gatewaysouthwesthouston.com FOR LEASE OR BUILD-TO-SUIT PHASE I AVAILABLE FOR LEASE Building