[PPT] - 512 682 1000 robby@cipaustjn.com 9130 Jollyville Rd., Suite 300 PowerPoint Presentation

SLIDE 1

512 682 1000

9130 Jollyville Rd., Suite 300 Austjn, TX 78759 cipaustjn.com

Neighborhood Retail Center | 1607 S Lamar | Austjn, TX, 78704

FOR SALE

Robby Eaves, CCIM

robby@cipaustjn.com

Nick Nelson, CCIM

nick@cipaustjn.com

S Lamar Blvd S Lamar Blvd E v e r gr ee n Av e E v e r gr ee n Av e

43,000 VPD (2019)

AUSTIN SOUTH LAMAR AUSTIN SOUTH LAMAR APARTMENTS APARTMENTS 328 UNIT DEVELOPMENT 328 UNIT DEVELOPMENT

SLIDE 2

1607 S Lamar | Austjn, TX, 78704

512 682 1000

9130 Jollyville Rd., Suite 300 Austjn, TX 78759 cipaustjn.com

All informatjon furnished regarding this property is from sources deemed reliable; however, CIP Austjn has not made an independent investjgatjon of these sources and no warranty or representatjon is made by CIP Austjn as to the accuracy thereof and same is submitued subject to errors, omissions, change of price, rental or other conditjons, prior sale, lease or withdrawal from market without

notjce. CIP Austjn further has not made and shall not make any warranty or representatjons as to the conditjon of the property nor the

presence of any hazardous substances or any environmental or other conditjons that may afgect the value or suitability of the property.

ADDRESS: 1607 South Lamar, Austjn, TX 78704 PRICE: $5,500,000 NET OPERATING INCOME: $311,075 BUILDING SIZE: 8,368 SF LAND SIZE: .36 Acres ZONING: CS-V YEAR BUILT: 1946/2016 TRAFFIC COUNT: 43,000 VPD South Lamar (2019)

main 512 682 1000 | fax 512 682 1031 | cipaustjn.com

For More Informatjon Contact: Robby Eaves, CCIM

Principal robby@cipaustjn.com | 512 682 1003

Nick Nelson, CCIM

Senior Vice President nick@cipaustjn.com | 512 682 1006

SUMMARY

TENANT PROFILES: Lydian Dental works to restore healthy smiles locally and around the globe through their services and educatjonal programs. Lavish Nail & Spa provides clients with manicures, pedicures, and waxing from highly trained professionals in a relaxing environment. Wheelhouse Salon has a team of highly-trained stylists made up of a diverse mix of expertjse and experience. TENANT RENT ROLL RATE/SF TENANT RENT ROLL RATE/SF

1603 A 1605

Suite/Unit

Annualized Rate

$35.00 $37.82 $36.00

$30.00 $40.00 $20.00 $10.00 $0.00

Suite/Unit Suite/Unit Annualized Rate Annualized Rate

SLIDE 3

All informatjon (Informatjon) provided or depicted on this map and or aerial photograph has been obtained from third party sources deemed

reliable. However, neither CIP Austjn nor any of its brokers, agents, employees, offjcers, directors or affjliated companies (collectjvely, CIP

Austjn and Related Partjes) have made an independent investjgatjon of the Informatjon or the Informatjon sources, and no warranty or representatjon is made by CIP Austjn and Related Partjes as to the accuracy of such Informatjon. The Informatjon is submitued subject to the possible errors or omissions, and no person or organizatjon should rely on the Informatjon, unless such person or organizatjon has conducted an independent investjgatjon to confjrm the accuracy thereof.

1607 S Lamar | Austjn, TX, 78704

512 682 1000

9130 Jollyville Rd., Suite 300 Austjn, TX 78759 cipaustjn.com

AREA MAP

j j j j j j

Zilker Park Gus Fruth Park Butler Metro Park Town Lake-Lamar Beach Zilker Metropolitan Park Barton Creek Square Mall

AUSTIN

ZILKER DAWSON GALINDO BOULDIN DOWNTOWN TREEMONT ST EDWARDS SOUTH LAMAR BARTON HILLS TRAVIS HEIGHTS SOUTH RIVER CITY

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35

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35

Mopac Blvd S 1st St W 5 t h S t S Capital of Texas Hwy C

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g r e s s A v e S S I-35 W 6th St Oltorf St W Mary St W U S

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9 W US-290 E L a v a c a S t Oltorf St E W Cesar Chavez St S Mopac Expy W a l s h T a r l t

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L n E 1st St B a r t

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S p r i n g s R d E 5 t h S t Congress Ave E Riverside Dr Mopac Blvd S Mopac Expy S Mopac Expy S L a m a r B l v d S C a p i t a l

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T e x a s H w y S M

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a c E x p y S Mopac Expy

S L a m a r B l v d

U V

2244

U V

2304

Barton Creek

5th St S Eastside Dr Kinney Ave Barton Hills Dr 3rd St S Wilson St Alameda Dr Rabb Rd 2nd St S Annie St W B

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l d i n A v e W 9th St Live Oak St E W e s t A v e Cumberland Rd Clawson Rd N u e c e s S t Colorado St Bluebonnet Ln Garner Ave W 7th St Newning Ave Barton Skwy C

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l i e r S t Victory Dr S t

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e r i d g e R d Euclid Ave Alta Vista Ave E 4th St A n n A r b

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A v e r D s s a l g y p S Pinnacle Rd Barton Pkwy D e l C u r t

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d Via Fortuna Stratford Dr Locke Ln Thornton Rd Tamarron Blvd Paramount Ave Rollingwood Dr R a e D e l l A v e Brackenridge St Holly Hill Dr L

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N e f f R d Southport Dr H

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e y T r e e L n

£ ¤

290

1 2 3 4 5 6 7 8 9

10 11 12 13 14 1516 17 18

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

1 Bridges on the Park 14 Offjce/Retail Development 27 Maria’s Taco Xpress 2 Cole Apartments 15 Post South Lamar 28 Matu’s El Rancho 3 Barton Springs Saloon 16 Chi’Lantro, Starbucks 29 Barton’s Mill Apartments 4 Talisman Condos 17 Snooze, Picnik 30 Bell South Lamar Apartments 5 Uchi 18 Austjn South Lamar Apartments 31 Kerbey Lane, Half Price Books 6 Austjn Heights Condominiums 19 Corner Bar, Austjn’s Pizza 32 Broken Spoke 7 Windsor South Lamar 20 New 74K Mixed Use Development 33 704 Apartments 8 Townhollow Apartments 21 Bouldin Creek Development 34 Groves South Lamar 9 Odd Duck 22 Black Sheep Lodge 35 Greenview Apartments 10 Lamar Union Apartments 23 Loro 36 Lakehills Plaza Shopping Center 11 Alamo Drafuhouse 24 East Side King 37 Brodie Oaks Shopping Center 12 Gibson Flats Apartments 25 Bluebonnet at Zilker Condos 13 Saxon Pub, Ramen Tatsuya 26 Bluebonnet Studios

SUBJECT

19

36 37

SLIDE 4

1607 S Lamar | Austjn, TX, 78704

512 682 1000

9130 Jollyville Rd., Suite 300 Austjn, TX 78759 cipaustjn.com

All informatjon furnished regarding this property is from sources deemed reliable; however, CIP Austjn has not made an independent investjgatjon of these sources and no warranty or representatjon is made by CIP Austjn as to the accuracy thereof and same is submitued subject to errors, omissions, change of price, rental or other conditjons, prior sale, lease or withdrawal from market without

notjce. CIP Austjn further has not made and shall not make any warranty or representatjons as to the conditjon of the property nor the

presence of any hazardous substances or any environmental or other conditjons that may afgect the value or suitability of the property.

RENT ROLL/ LEASE EXPIRATIONS

Lease Sq. Ft. Expiring For the Year Ending Year 1 May-2021 Year 2 May-2022 Year 3 May-2023 Year 4 May-2024 Year 5 May-2025 Year 6 May-2026 Year 7 May-2027 Year 8 May-2028 Year 9 May-2029 Year 10 May-2030 1603 Lavish Nails 2,060 A Lydian Dental 4,135 1605 Grimes Wheelhouse 2,173 Total Square Feet Expiring 2,173 2,060 4,135 Percent of Building Total 0% 0% 0% 26% 0% 0% 25% 49% 0% 0%

Lease Expiration Rollover Analysis

910 1,820 2,730 3,640 4,550

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

2,173 2,060 4,135

Lease Expiration Rollover Analysis Lease Expiration Rollover Analysis

1607 S Lamar 1607 S Lamar

Fiscal Year Beginning June 2020

Nick Nelson, CCIM Nick Nelson, CCIM Commercial Industrial Properties Commercial Industrial Properties

DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Industrial Properties nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal, investment, real estate or other professional advice, consultation or service. Page 14 Page 14

Suite/Unit Tenant Rentable Area(Sq. Ft.) Lease Start Date Lease End Date Initial Lease Term (Months) Current Monthly Rate Per Sq. Ft. Current Annual Rate Per Sq. Ft. Current Year Annual Base Rent 1603 Lavish Nails 2,060 Mar-20 May-27 87 $2.92 $35.00 $72,100 A Lydian Dental 4,135 Aug-17 Jul-27 120 $3.15 $37.82 $159,659 1605 Grimes Wheelhouse 2,173 Oct-18 Nov-23 62 $3.00 $36.00 $79,314 Total Amount 8,368 $311,074

Tenant Rent Roll Tenant Rent Roll

1607 S Lamar 1607 S Lamar

Fiscal Year Beginning June 2020

Nick Nelson, CCIM Nick Nelson, CCIM Commercial Industrial Properties Commercial Industrial Properties

DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Industrial Properties nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal, investment, real estate or other professional advice, consultation or service. Page 2 Page 2

TENANT RENT ROLL

Lease Sq. Ft. Expiring For the Year Ending Year 1 May-2021 Year 2 May-2022 Year 3 May-2023 Year 4 May-2024 Year 5 May-2025 Year 6 May-2026 Year 7 May-2027 Year 8 May-2028 Year 9 May-2029 Year 10 May-2030 1603 Lavish Nails 2,060 A Lydian Dental 4,135 1605 Grimes Wheelhouse 2,173 Total Square Feet Expiring 2,173 2,060 4,135 Percent of Building Total 0% 0% 0% 26% 0% 0% 25% 49% 0% 0%

Lease Expiration Rollover Analysis

910 1,820 2,730 3,640 4,550

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

2,173 2,060 4,135

Lease Expiration Rollover Analysis Lease Expiration Rollover Analysis

1607 S Lamar 1607 S Lamar

Fiscal Year Beginning June 2020

Nick Nelson, CCIM Nick Nelson, CCIM Commercial Industrial Properties Commercial Industrial Properties

DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Industrial Properties nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal, investment, real estate or other professional advice, consultation or service. Page 14 Page 14

SLIDE 5

1607 S Lamar | Austjn, TX, 78704

512 682 1000

9130 Jollyville Rd., Suite 300 Austjn, TX 78759 cipaustjn.com

All informatjon furnished regarding this property is from sources deemed reliable; however, CIP Austjn has not made an independent investjgatjon of these sources and no warranty or representatjon is made by CIP Austjn as to the accuracy thereof and same is submitued subject to errors, omissions, change of price, rental or other conditjons, prior sale, lease or withdrawal from market without

notjce. CIP Austjn further has not made and shall not make any warranty or representatjons as to the conditjon of the property nor the

presence of any hazardous substances or any environmental or other conditjons that may afgect the value or suitability of the property.

10 YR AFTER TAX CASH FLOW ANALYSIS

INITIAL INVESTMENT

Purchase Price + Acquisition Costs

1st Mortgage

+ Total Loan Fees and Points Initial Investment

MORTGAGE DATA

1ST LIEN Loan Amount Interest Rate Amortization Period Loan Term Loan Fees Points Periodic Payment Annual Debt Service

10-YEAR CASH FLOW SUMMARY

For the Year Ending Year 1 May-2021 Year 2 May-2022 Year 3 May-2023 Year 4 May-2024 Year 5 May-2025 Year 6 May-2026 Year 7 May-2027 Year 8 May-2028 Year 9 May-2029 Year 10 May-2030 POTENTIAL RENTAL INCOME (PRI) Base Rental Income

Turnover Vacancy
Rent Concessions

Total Base Rental Income

General Vacancy / Credit Loss

EFFECTIVE RENTAL INCOME + Tenant Expense Reimbursements + Other Income GROSS OPERATING INCOME (GOI)

Operating Expenses

NET OPERATING INCOME (NOI)

Depreciation
1st Lien Interest Deduction
Amortized Loan Costs

TAXABLE INCOME x Federal Marginal Tax Rate (39.6%) x Local Marginal Tax Rate (0%) x Medicare Surtax (3.8%) TAX LIABILITY (Savings) NET OPERATING INCOME (NOI)

Capital Expenses / Replacement Reserves
Annual Debt Service 1st Lien
Tenant Improvements (TI)
Leasing Commissions (LC)

CASH FLOW BEFORE TAXES

Tax Liability (Savings)

CASH FLOW AFTER TAXES $5,500,000 $0 $3,850,000 $38,500 $1,688,500 $3,850,000 5.000% 25 Years 25 Years 1.00% $22,507 $270,081 $311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935 $73,968 $73,968 $73,968 $73,968 $73,968 $69,166 $73,968 $69,416 $73,968 $73,968 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $385,043 $393,376 $401,854 $410,531 $418,252 $420,284 $432,128 $443,323 $447,904 $447,904 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $311,075 $319,408 $327,886 $336,563 $344,284 $346,316 $358,160 $369,355 $373,936 $373,936 $94,605 $98,718 $98,718 $98,718 $98,718 $98,718 $98,718 $98,718 $98,718 $94,605 $190,697 $186,636 $182,367 $177,879 $173,162 $168,203 $162,991 $157,512 $151,753 $145,699 $1,540 $1,540 $1,540 $1,540 $1,540 $1,540 $1,540 $1,540 $1,540 $1,540 $24,233 $32,514 $45,261 $58,426 $70,864 $77,855 $94,911 $111,585 $121,925 $132,092 $9,596 $12,876 $17,923 $23,137 $28,062 $30,831 $37,585 $44,188 $48,282 $52,308 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $921 $1,236 $1,720 $2,220 $2,693 $2,958 $3,607 $4,240 $4,633 $5,019 $10,517 $14,112 $19,643 $25,357 $30,755 $33,789 $41,192 $48,428 $52,915 $57,327 $311,075 $319,408 $327,886 $336,563 $344,284 $346,316 $358,160 $369,355 $373,936 $373,936 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $270,081 $270,081 $270,081 $270,081 $270,081 $270,081 $270,081 $270,081 $270,081 $270,081 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $40,994 $49,327 $57,805 $66,482 $74,203 $76,235 $88,079 $99,274 $103,855 $103,855 $10,517 $14,112 $19,643 $25,357 $30,755 $33,789 $41,192 $48,428 $52,915 $57,327 $30,477 $35,215 $38,162 $41,125 $43,448 $42,446 $46,887 $50,846 $50,940 $46,528

10-Year After Tax Cash Flow Analysis 10-Year After Tax Cash Flow Analysis

1607 S Lamar 1607 S Lamar

Fiscal Year Beginning June 2020

Nick Nelson, CCIM Nick Nelson, CCIM Commercial Industrial Properties Commercial Industrial Properties

DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Industrial Properties nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal, investment, real estate or other professional advice, consultation or service. Page 1 Page 1

SLIDE 6

1607 S Lamar | Austjn, TX, 78704

512 682 1000

9130 Jollyville Rd., Suite 300 Austjn, TX 78759 cipaustjn.com

All informatjon furnished regarding this property is from sources deemed reliable; however, CIP Austjn has not made an independent investjgatjon of these sources and no warranty or representatjon is made by CIP Austjn as to the accuracy thereof and same is submitued subject to errors, omissions, change of price, rental or other conditjons, prior sale, lease or withdrawal from market without

notjce. CIP Austjn further has not made and shall not make any warranty or representatjons as to the conditjon of the property nor the

presence of any hazardous substances or any environmental or other conditjons that may afgect the value or suitability of the property.

EXPENSE DETAIL ANALYSIS

EXPENSE DETAIL

Real Estate Taxes Utilities Insurance Management Landscape Maintenance TOTAL OPERATING EXPENSES NET OPERATING INCOME (NOI)

INCOME

For the Year Ending Year 1 May-2021 Year 2 May-2022 Year 3 May-2023 Year 4 May-2024 Year 5 May-2025 Year 6 May-2026 Year 7 May-2027 Year 8 May-2028 Year 9 May-2029 Year 10 May-2030 POTENTIAL RENTAL INCOME (PRI) Base Rental Income

Turnover Vacancy
Rent Concessions

Total Base Rental Income

General Vacancy / Credit Loss

EFFECTIVE RENTAL INCOME (ERI) + Tenant Expense Reimbursements + Other Income GROSS OPERATING INCOME (GOI) $311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $311,074 $319,407 $327,885 $336,562 $344,283 $351,118 $358,159 $373,907 $373,935 $373,935 $73,968 $73,968 $73,968 $73,968 $73,968 $69,166 $73,968 $69,416 $73,968 $73,968 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $385,043 $393,376 $401,854 $410,531 $418,252 $420,284 $432,128 $443,323 $447,904 $447,904 $57,911 $57,911 $57,911 $57,911 $57,911 $57,911 $57,911 $57,911 $57,911 $57,911 $5,151 $5,151 $5,151 $5,151 $5,151 $5,151 $5,151 $5,151 $5,151 $5,151 $5,756 $5,756 $5,756 $5,756 $5,756 $5,756 $5,756 $5,756 $5,756 $5,756 $4,626 $4,626 $4,626 $4,626 $4,626 $4,626 $4,626 $4,626 $4,626 $4,626 $525 $525 $525 $525 $525 $525 $525 $525 $525 $525 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $73,968 $311,075 $319,408 $327,886 $336,563 $344,284 $346,316 $358,160 $369,355 $373,936 $373,936

Expense Detail Analysis Expense Detail Analysis

1607 S Lamar 1607 S Lamar

Fiscal Year Beginning June 2020

Nick Nelson, CCIM Nick Nelson, CCIM Commercial Industrial Properties Commercial Industrial Properties

DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Industrial Properties nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal, investment, real estate or other professional advice, consultation or service. Page 7 Page 7

SLIDE 7

1607 S Lamar | Austjn, TX, 78704

512 682 1000

9130 Jollyville Rd., Suite 300 Austjn, TX 78759 cipaustjn.com

All informatjon furnished regarding this property is from sources deemed reliable; however, CIP Austjn has not made an independent investjgatjon of these sources and no warranty or representatjon is made by CIP Austjn as to the accuracy thereof and same is submitued subject to errors, omissions, change of price, rental or other conditjons, prior sale, lease or withdrawal from market without

notjce. CIP Austjn further has not made and shall not make any warranty or representatjons as to the conditjon of the property nor the

presence of any hazardous substances or any environmental or other conditjons that may afgect the value or suitability of the property.

SALES PROCEEDS ANALYSIS

Improvement Allocation (70%) Depreciation Life Interest Deduction Loan Cost Deduction U.S. Mid-Month Convention Sales Proceeds Before Tax

Federal Capital Gain Tax (20%)
Local Capital Gain Tax (0%)
Tax on Recaptured Depreciation (25%)
Medicare Capital Gain Tax (3.8%)

+ Loan Fees & Points Tax Savings SALES PROCEEDS AFTER TAX For the Year Ending Year 1 May-2021 Year 2 May-2022 Year 3 May-2023 Year 4 May-2024 Year 5 May-2025 Year 6 May-2026 Year 7 May-2027 Year 8 May-2028 Year 9 May-2029 Year 10 May-2030 CAP Rate at Sale (subsequent year NOI) Sale Price

Cost of Sale
1st Lien Balance

SALES PROCEEDS BEFORE TAX Original Purchase & Costs (Basis)

Depreciation Taken

Net Adjusted Basis Sale Price

Cost of Sale
Original Purchase & Costs (Basis)

Capital Gain (Loss) Loan Fees & Points Paid

Loan Fees & Points Amortized

Loan Fees & Points Remaining x Marginal Income Tax Rate Loan Fees & Points Tax Savings $3,850,000 39 Years Yes Yes Yes 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% $5,323,000 $5,465,000 $5,609,000 $5,738,000 $5,772,000 $5,969,000 $6,156,000 $6,232,000 $6,232,000 $6,080,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,770,617 $3,687,172 $3,599,458 $3,507,256 $3,410,337 $3,308,460 $3,201,370 $3,088,802 $2,970,474 $2,846,092 $1,552,383 $1,777,828 $2,009,542 $2,230,744 $2,361,663 $2,660,540 $2,954,630 $3,143,198 $3,261,526 $3,233,908 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $94,605 $193,323 $292,041 $390,759 $489,477 $588,195 $686,913 $785,631 $884,349 $978,954 $5,405,395 $5,306,677 $5,207,959 $5,109,241 $5,010,523 $4,911,805 $4,813,087 $4,714,369 $4,615,651 $4,521,046 $5,323,000 $5,465,000 $5,609,000 $5,738,000 $5,772,000 $5,969,000 $6,156,000 $6,232,000 $6,232,000 $6,080,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 ($177,000) ($35,000) $109,000 $238,000 $272,000 $469,000 $656,000 $732,000 $732,000 $580,000 $38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $1,540 $3,080 $4,620 $6,160 $7,700 $9,240 $10,780 $12,320 $13,860 $15,400 $36,960 $35,420 $33,880 $32,340 $30,800 $29,260 $27,720 $26,180 $24,640 $23,100 43.40% 43.40% 43.40% 43.40% 43.40% 43.40% 43.40% 43.40% 43.40% 43.40% $16,041 $15,372 $14,704 $14,036 $13,367 $12,699 $12,030 $11,362 $10,694 $10,025 $1,552,383 $1,777,828 $2,009,542 $2,230,744 $2,361,663 $2,660,540 $2,954,630 $3,143,198 $3,261,526 $3,233,908 ($35,400) ($7,000) $21,800 $47,600 $54,400 $93,800 $131,200 $146,400 $146,400 $116,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $23,651 $48,331 $73,010 $97,690 $122,369 $147,049 $171,728 $196,408 $221,087 $244,739 ($6,726) ($1,330) $4,142 $9,044 $10,336 $17,822 $24,928 $27,816 $27,816 $22,040 $16,041 $15,372 $14,704 $14,036 $13,367 $12,699 $12,030 $11,362 $10,694 $10,025 $1,586,899 $1,753,199 $1,925,294 $2,090,446 $2,187,925 $2,414,568 $2,638,804 $2,783,936 $2,876,917 $2,861,154

Sales Proceeds Analysis Sales Proceeds Analysis

1607 S Lamar 1607 S Lamar

Fiscal Year Beginning June 2020

Nick Nelson, CCIM Nick Nelson, CCIM Commercial Industrial Properties Commercial Industrial Properties

DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Industrial Properties nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal, investment, real estate or other professional advice, consultation or service. Page 8 Page 8

SLIDE 8

1607 S Lamar | Austjn, TX, 78704

512 682 1000

9130 Jollyville Rd., Suite 300 Austjn, TX 78759 cipaustjn.com

All informatjon furnished regarding this property is from sources deemed reliable; however, CIP Austjn has not made an independent investjgatjon of these sources and no warranty or representatjon is made by CIP Austjn as to the accuracy thereof and same is submitued subject to errors, omissions, change of price, rental or other conditjons, prior sale, lease or withdrawal from market without

notjce. CIP Austjn further has not made and shall not make any warranty or representatjons as to the conditjon of the property nor the

presence of any hazardous substances or any environmental or other conditjons that may afgect the value or suitability of the property.

MEASURES OF INVESTMENT PERFORMANCE

Summary of Investment Measures

For the Year Ending Year 1 May-2021 Year 2 May-2022 Year 3 May-2023 Year 4 May-2024 Year 5 May-2025 Year 6 May-2026 Year 7 May-2027 Year 8 May-2028 Year 9 May-2029 Year 10 May-2030 Loan-to-Value (LTV) - 1st Lien Combined LTV DSCR - 1st Lien Combined DSCR Before Tax Cash on Cash After Tax Cash on Cash Effective Annual Cost of Borrowed Funds Before Tax Impact of Leverage After Tax Effective Cost of Funds After Tax Impact of Leverage Before Tax EQUITY Yield (IRR) After Tax EQUITY Yield (IRR) Acquisition CAP Rate Cost of Sale upon Disposition Combined LTV at Acquisition Combined DSCR at Acquisition Year Property Sold 1 2 3 4 5 6 7 8 9 10 Before Tax Unleveraged Property Yield (IRR) After Tax Unleveraged Property Yield (IRR) Effective Unleveraged Tax Rate Effective Tax Rate (Includes Leverage) 5.66% 0.00% 70.00% 1.15 70.84% 67.47% 64.17% 61.12% 59.08% 55.43% 52% 49.56% 47.66% 46.81% 70.84% 67.47% 64.17% 61.12% 59.08% 55.43% 52% 49.56% 47.66% 46.81% 1.15 1.18 1.21 1.25 1.27 1.28 1.33 1.37 1.38 1.38 1.15 1.18 1.21 1.25 1.27 1.28 1.33 1.37 1.38 1.38 2.43% 2.92% 3.42% 3.94% 4.39% 4.51% 5.22% 5.88% 6.15% 6.15% 1.80% 2.09% 2.26% 2.44% 2.57% 2.51% 2.78% 3.01% 3.02% 2.76% 2.44% 5.42% 6.42% 6.85% 6.80% 7.18% 7.41% 7.39% 7.27% 6.98% 1.07% 3.34% 4.11% 4.45% 4.42% 4.73% 4.94% 4.93% 4.84% 4.60% 56.15% 38.38% 35.98% 35.04% 35.00% 34.12% 33.33% 33.29% 33.43% 34.10% 0.00% 27.24% 26.18% 25.72% 25.84% 25.02% 24.36% 24.37% 24.63% 25.58% 6.01% 5.50% 5.33% 5.24% 5.19% 5.15% 5.13% 5.11% 5.09% 5.08% 2.44%

↓

0.17%

↓

2.29%

↑

3.18%

↑

3.07%

↑

3.61%

↑

3.84%

↑

3.69%

↑

3.41%

↑

2.95%

↑

3.40% 3.11% 3.02% 2.97% 2.94% 2.91% 2.90% 2.89% 2.88% 2.88% 1.07%

↓

0.48%

↑

2.32%

↑

3.00%

↑

2.90%

↑

3.36%

↑

3.57%

↑

3.45%

↑

3.21%

↑

2.79%

↑

N/A 5.25% 8.71% 10.03% 9.87% 10.79% 11.25% 11.08% 10.68% 9.93% N/A 3.82% 6.43% 7.45% 7.32% 8.09% 8.51% 8.38% 8.05% 7.39%

Measures of Investment Performance Measures of Investment Performance Analysis Analysis

1607 S Lamar 1607 S Lamar

Fiscal Year Beginning June 2020

Nick Nelson, CCIM Nick Nelson, CCIM Commercial Industrial Properties Commercial Industrial Properties

DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Industrial Properties nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal, investment, real estate or other professional advice, consultation or service. Page 9 Page 9

SLIDE 9

1607 S Lamar | Austjn, TX, 78704

512 682 1000

9130 Jollyville Rd., Suite 300 Austjn, TX 78759 cipaustjn.com

All informatjon furnished regarding this property is from sources deemed reliable; however, CIP Austjn has not made an independent investjgatjon of these sources and no warranty or representatjon is made by CIP Austjn as to the accuracy thereof and same is submitued subject to errors, omissions, change of price, rental or other conditjons, prior sale, lease or withdrawal from market without

notjce. CIP Austjn further has not made and shall not make any warranty or representatjons as to the conditjon of the property nor the

presence of any hazardous substances or any environmental or other conditjons that may afgect the value or suitability of the property.

INFOGRAPHIC 10 MIN DRIVE TIME

Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019, 2024.

KEY FACTS

141,215

Population

33.0

Median Age

1.9

Average Household Size

$69,107

Median Household Income

EDUCATION

8%

No High School Diploma

10%

High School Graduate

20%

Some College

62%

Bachelor's/Grad/ Prof Degree BUSINESS

13,465

Total Businesses

181,987

Total Employees EMPLOYMENT

76%

White Collar

9%

Blue Collar

15%

Services

3.4%

Unemployment Rate INCOME

$69,107

Median Household Income

$52,727

Per Capita Income

$40,505

Median Net Worth

Households By Income

The largest group: $50,000 - $74,999 (16.2%) The smallest group: $15,000 - $24,999 (7.3%)

Indicator Value Difference <$15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 10.9% $75,000 - $99,999 7.3% $100,000 - $149,999 7.3% $150,000 - $199,999 11.2% $200,000+ 16.2% +3.3% 10.9% +0.8% 15.1% +0.6% 8.4%

0.1%

12.7%

1.5%
1.7%
2.4%
0.5%

+1.6%

Bars show deviation from Travis County

Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019, 2024.

SLIDE 10

1607 S Lamar | Austjn, TX, 78704

512 682 1000

9130 Jollyville Rd., Suite 300 Austjn, TX 78759 cipaustjn.com

All informatjon furnished regarding this property is from sources deemed reliable; however, CIP Austjn has not made an independent investjgatjon of these sources and no warranty or representatjon is made by CIP Austjn as to the accuracy thereof and same is submitued subject to errors, omissions, change of price, rental or other conditjons, prior sale, lease or withdrawal from market without

notjce. CIP Austjn further has not made and shall not make any warranty or representatjons as to the conditjon of the property nor the

presence of any hazardous substances or any environmental or other conditjons that may afgect the value or suitability of the property.

Austjn was the fastest growing large city in 2019

(Source: WalletHub)

Austjn has the #1 job market in America

(Source: The Wall Street Journal)

Austjn was ranked the #1 place to live in America 3 years in a

row (Source: Forbes)

Austjn named best U.S. city for startjng a business

(Source: Inc.)

Austjn’s economy grew by 5.6% in 2018, making it the

5th fastest growing major metropolitan area economy (Source: Austjn Chamber or Commerce)

Austjn is the 11th largest city in the U.S. with a metropolitan

populatjon of over 2 Million (Source: factginder.census.gov)

Austjn is ranked the #3 best performing city

(Source: Milken Instjtute)

Austjn is one of the top 10 US metros for VC Investment

(Source: PitchBook)

Over 15 millions travlers passed through Austjn ABIA Airport

in 2019 (Source: KXAN)

More than 27.4 million people visit Austjn each year

(Source: Austjntexas.org)

Austjn had 3.5% job growth in 2019, making it the 2nd

fastest growing major metro area (Source: Austjn Chamber of Commerce)

Austjn is a major tech hub with major employers including

Samsung, Dell, IBM, Oracle, Apple, and Amazon (Source: Austjn Business Journal)

WHY AUSTIN?

SLIDE 11

11-2-2015 TYPES OF REAL ESTATE LICENSE HOLDERS:

A BROKER is responsible for all brokerage acvies, including acts performed by sales agents sponsored by the broker.
A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):

Put the interests of the client above all others, including the broker’s own interests;
Inform the client of any material informaon about the property or transacon received by the broker;
Answer the client’s quesons and present any offer to or counter-offer from the client; and
Treat all pares to a real estate transacon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the

wner, usually in a wrien lisng to sell or property management agreement. An owner's agent must perform the broker’s minimum

dues above and must inform the owner of any material informaon about the property or transacon known by the agent, including informaon disclosed to the agent or subagent by the buyer or buyer’s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wrien representaon agreement. A buyer's agent must perform the broker’s minimum dues above and must inform the buyer of any material informaon about the property or transacon known by the agent, including informaon disclosed to the agent by the seller or seller’s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the pares the broker must rst obtain the wrien agreement of each party to the transacon. The wrien agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaons as an intermediary. A broker who acts as an intermediary:

Must treat all pares to the transacon imparally and fairly;
May, with the pares' wrien consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucons of each party to the transacon.

Must not, unless specically authorized in wring to do so by the party, disclose:

ᴑ

that the owner will accept a price less than the wrien asking price;

ᴑ

that the buyer/tenant will pay a price greater than the price submied in a wrien offer; and

ᴑ

any condenal informaon or any other informaon that a party specically instructs the broker in wring not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacon without an agreement to represent the

buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner rst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:

The broker’s dues and responsibilies to you, and your obligaons under the representaon agreement.
Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noce is being provided for informaon purposes. It does not create an obligaon for you to use the broker’s services. Please acknowledge receipt of this noce below and retain a copy for your records.

Information About Brokerage Services

Texas law requires all real estate license holders to give the following informaon about brokerage services to prospecve buyers, tenants, sellers and landlords.

.

Designated Broker of Firm License No. Email Phone Licensed Supervisor of Sales Agent/ Associate License No. Email Phone Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No.

Regulated by the Texas Real Estate Commission Informaon available at www.trec.texas.gov

IABS 1-0

Date Buyer/Tenant/Seller/Landlord Initials

Sales Agent/Associate’s Name License No. Email Phone Commercial Industrial Properties, LLC

9007597 info@cipaustin.com (512) 682-1000 Robert Springer 627720

Email

bob@cipaustin.com

Phone

(512) 682-1001

Robby Eaves / Nick Nelson

588199/603416

robby@cipaustin.com / nick@cipaustin.com