Portland Industrial Market Overview_Q1 2021

MARKET KNOWLEDGE

PORTLAND AREA INDUSTRIAL LAND COMPARABLES Q4 2020

BIG RIVER LOGISTICS SALE DATE 12/1/2019 BUYER Panattoni SELLER Peterson Machinery SUBMARKET Vancouver ACREAGE 10.39 PRICE/SF $10.89 COMMENTS Usable acreage. Pad ready site. CRAIG STEIN BEVERAGE SALE DATE 9/13/2019 BUYER Stein Holdings SELLER Local SUBMARKET Vancouver ACREAGE 16.99 PRICE/SF $5.64 COMMENTS Plan to 200K SF building. PORTSIDE INDUSTRIAL PARK SALE DATE 8/9/2019 BUYER Specht SELLER Private SUBMARKET Vancouver ACREAGE 14 PRICE/SF $8.20 COMMENTS Portside Phase III.

Vancouver

Rivergate

Colum

LINCOLN SALE DATE BUYER Lincoln Property SELLER SUBMARKET Rivergate ACREAGE 14.8 PRICE/SF $12.56 COMMENTS Some environmental. Existing building. COPART SALE DATE 10/22/2019 BUYER CoPart SELLER Local SUBMARKET Rivergate

Northwest

NORTHWEST LOGISTICS CENTER SALE DATE 2/14/2020 BUYER Prologis SELLER OBRC SUBMARKET Northwest ACREAGE 9.07 PRICE/SF $20.94 COMMENTS 85,929 SF building sold for land value.

ACREAGE 30.71 PRICE/SF $13.46 COMMENTS Owner-user sale.

CIPOLE INDUSTRIAL PARK SALE DATE 7/22/2019

BUYER Phelan SELLER Private SUBMARKET Tualatin

ACREAGE 11.68 PRICE/SF $6.73 COMMENTS 3 buildings totaling 235,875 SF.

Tualatin/ Wilsonville

BRIDGE SALE DA BUYER B SELLER SUBMAR ACREAG PRICE/S COMMEN buildable for shove NE Colu

108TH & TUALATIN-SHERWOOD RD SALE DATE 12/11/2019 BUYER Phelan SELLER Pascuzzi SUBMARKET Tualatin ACREAGE 16 PRICE/SF $12.27 COMMENTS Proposed development for two buildings totaling 317k SF.

24 PORTLAND INDUSTRIAL MARKET OVERVIEW / Q1 2021