Credit Tenant NNN Lease PRICED TO SELL

[Pages:8]Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

PRICED TO SELL

STEEL INDUSTRIES, INC.

SELF-SERVICE AUTO & TRUCK DISMANTLERS

a subsidiary of Schnitzer Steel Industries, Inc.

Investment Summary

? $6,500,000 ? Bank Financing Available ? 7.48% Initial Cap Rate1 ? 8.06% Minimum Blended

6 Year Cap Rate ? $486,220 NOI1 ? 3% Minimum Annual Increases ? 6+ Years Remaining Term ? Four 5-Year Renewals ? 10 Acres Fully Developed ? Retail-Manufactring-Industrial

Growth Area

1 with February 2015 rent increase, today 7.26% Cap and $472,058 NOI

Vancouver, B.C.

SITE Arlington

Additional Information

Available with Confidentiality Agreement:

Tulalip

Marysville

Everett

Seattle

Lake Stevens

6323 172nd St NE (SR-531) Arlington, WA 98223

Larry Ingraham, CCIM

425-744-0900 ext.11 Larry@

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319g | 1 of 8

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

PRICED TO SELL

67th Ave NE Access

59th Ave NE

Investment Summary

? $6,500,000 ? Bank Financing Available ? 7.48% Initial Cap Rate1 ? 8.06% Minimum Blended

6 Year Cap Rate ? $486,220 NOI1 ? 3% Minimum Annual Increases ? 6+ Years Remaining Term ? Four 5-Year Renewals ? 10 Acres Fully Developed ? Retail-Manufactring-Industrial

Growth Area

180th St NE Arlington Advanced Manufacturing Park

SITE

172nd St NE Crown Distributing

Source: | ? 2013 Google

Investment Highlights

Fee simple ownership in land and improvements

Absolute NNN lease structure2 State-of-the-art facility Annual Increases High barriers to entry use Income tax free state Available debt free Pending Manufacturing/Industrial Center designation Retail growth area

Tenant Summary

Pick-n-Pull

Operates 60+ self-service auto parts US & Canadian stores

A wholly owned subsidiary of Schnitzer Steel Industries, Inc. (SCHN NASDAQ) ? $2.6 Billion in revenue for 2013 ? $765 Million+ of stockholder equity

Tenant provides strong environmental indemnification

An industry leader in vehicle recycling ? 350,000 Vehicles per year ? 5,000,000 Retail Customers per year

1 with February 2015 rent increase, today 7.26% Cap and $472,058 NOI 2 Landlord provides general liability insurance policy - less than $1,000

LaLraryrrIynIgnrgarhaahmam, ,CCCCIIMM

425-744-0900 ext.11 Larry@emeraldpreb.cdo.cmom

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319g | 2 of 8

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

PRICED TO SELL

Larry Ingraham, CCIM

425-744-0900 ext.11 Larry@

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319g | 3 of 8

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

Vancouver

COMING SOON 400,000 SF Mixed Use

Development

Arlington Municipal

Airport

PRICED TO SELL

Arlington Advanced Manufacturing Park

SSIITTEE

Access

N

Seattle

Arlingon-Marysville MIC Zone

Source: | ? 2013 Microsoft Corporation

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319g

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

4 of 8

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

PRICED TO SELL

AUTO PARTS

Schnitzer's Auto Parts Business operatesPick-n-Pull, one of the nation's premier self-service used auto parts networks with 61 auto recycling facilities in 16 U.S. states and Western Canada dedicated to supplying customers with low-cost, quality used auto parts.

We purchase approximately 350,000 used and salvaged vehicles annually from tow companies, private parties, auto auctions, city contracts and charitable organizations. After the autos are properly drained of fluids and hazardous materials are removed, the autos are then set in our well-organized yards for customers to select and pull valuable parts. We also sell some vehicles as "rebuilders." We receive over five million visits annually from our retail customers, including recreational mechanics, professional rebuilders, entrepreneurial business owners, volume resellers and collision repair shops.

Each facility stocks a large number of domestic and foreign cars, vans and light trucks which are continually replaced by new arrivals to offer our customers a wide and fresh selection of parts from which to choose. At these self-service stores, the customer pays a nominal admission fee, finds a vehicle with the desired parts and removes them without the assistance of our store personnel. After a vehicle has finished its time in the customer area, our staff removes remaining recyclable nonferrous materials and valuable core parts that can be sold wholesale such as engines, transmissions and alternators, and sells them at auction. The remaining auto body is crushed and sold as ferrous scrap metal to metal recyclers, including our metals recycling facilities where geographically feasible.

Why buy auto parts from Pick-n-Pull? It's simple:

Using our quality recycled parts saves money, energy, resources and landfill space Our huge inventory includes many hard-to-find parts Our parts are generally considerably less expensive than traditional parts sources Our shopping experience and excellent customer service can't be beat

We remain competitive in our industry because of these reasons, plus our efficient processing of auto bodies and use of technology in managing our geographically diverse network of locations.

Recycling, Sustainability and the Environment

Our vehicle disposal process recycles everything we possibly can. Countless parts are purchased by retail and

wholesale customers as a sustainable and cost-effective alternative to purchasing from traditional parts sources.

Parts that can be refurbished (i.e. radiators, alternators, compressors) are sold for remanufacturing. Many vehicle

fluids including gasoline and oil are recycled. Ferrous and nonferrous metals are recycled and sold as raw materials

for new products. All of this reuse reduces the amount of new products that need to be manufactured, not to mention

the raw materials and energy needed to create them.

(Cont.)

1 This page is from and is ?2014 Schnitzer Steel.Industries, Inc.

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319g | 5 of 8

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

Our environmental practices are a corporate priority. From our extensive experience, we have implemented standardized policies and procedures at all locations for managing vehicles and disposing of hazardous wastes. In fact, our best practices set many of the standards adopted by local communities as guidelines for others to follow.

All of these efforts taken together protect the environment, beautify our neighborhoods and reduce the cost of new goods by returning valuable raw materials into production.

PRICED TO SELL

Info above is from and is ?2014 Schnitzer Steel.Industries, Inc.

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319g | 6 of 8

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

PRICED TO SELL

Arlington-Marysville Manufacturing/Industrial Center

The Cities of Arlington and Marysville are establishing a joint Manufacturing/Industrial Center (MIC) to promote long term economic growth by encouraging expansion of existing manufacturing businesses and attracting new concentrated manufacturing uses1. The 4,091 acre area is mostly underdeveloped and has over 1,200 acres of undeveloped land available. It currently includes 5,513 jobs, with the goal to eventually support over 77,000 jobs, of which approximately 70% would be family wage aerospace and high tech jobs, adding to Snohomish County's existing 109,000 aerospace and high tech jobs now generating $5.9 billion in annual wages.

As a MIC, the zone is eligible for state and federal transportation and infrastructure funding. The MIC designation creates a streamlined permitting process to encourage new manufacturing and industrial growth in coordination with local and regional economic development strategies.

Located between three major transportation corridors (SR 530/31, SR 9, I-5), the MIC includes Arlington Municipal Airport and the BNSF rail line. The MIC designation prioritizes the development of policies and building infrastructure to encourage and facilitate new manufacturing and industrial growth. The Arlington-Marysville MIC has the potential to become Snohomish County's second largest manufacturing/employment center, behind Paine Field.

1 MIC designation approved by Snohomish County Council June 2014; Puget Sound Regional Council currently reviewing awarding MIC designation.

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319g | 7 of 8

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

PRICED TO SELL

Arlington - Marysville Joint Manufacturing/Industrial Center

Arlington - Smokey Point Local MIC

Major Retail Users

Marysville - Smokey Point Local MIC

SITE

4,091 Acres in Joint MIC 1,200+ Acres Undeveloped Current Jobs: 5,513 Total Jobs Goal: 77,000

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319g | 8 of 8

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

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