West Palm Small Bay Industrial Portfolio

E Indiantown Rd

A1A

JUPITER

Central Blvd

Ocean Blvd

95

811

Bee Line Hwy

1

Donald Ross Rd

JUNO BEACH

710

PALM BEACH GARDENS

Pga Blvd

786

John Macarthur Beach Sp

NORTH PALM BEACH

North Palm Beach County Airport

High Barrier-To-Entry Market • Expensive site improvement costs due to land constraint • Past 5 years: 6.8 MSF absorption/1 MSF deliveries (ALL Deliveries Bulk)

N Federal Hwy

Northlake Blvd

RIVIERA BEACH LAKE PARK

1

3

2

PALM BEACH SHORES

Floridas Tpke

WEST PALM BEACH

Palm Beach Industrial • 17.6 MSF (20K RSF±) • 4Q16 Direct Vacancy 4.2%

ROYAL PALM BEACH

Okeechobee Blvd

N Dixie Hwy

GOLDEN LAKES

HAVERHILL

PALM BEACH

Southern Blvd

Palm Beach Int'l Airport

Limited Suites Under 5k RSF • No speculative construction underway in the small bay industrial sector • Downtime to relet vacancies less than four months Westroads is a Robust Industrial Submarket • Vacancy rate below 3% • No new deliveries in pipeline • User demand has greatly exceeded construction levels

Southern Blvd

98

S Olive Ave

GLEN RIDGE

S Ocean Blvd

WELLINGTON

Okeeheelee County Park

Forest Hill Blvd

Whispering Pines State Park

PALM SPRINGS

10th Ave N

LAKE WORTH

Lake Worth Rd

95

ATLANTIS

Lantana Airport

SOUTH PALM BEACH South West Park

Lantana Rd

7

HYPOLUXO

Hypoluxo Rd

MANALAPAN

RAINBOW LAKES

Range Line Rd

SUN VALLEY

OCEAN RIDGE N Federal Hwy

W Boynton Beach Blvd

Significant Local Investment • Minutes away from the new Ballpark of the Palm Beaches ($150M) delivered 2017

al Wildlife

BOYNTON BEACH

Hagen Ranch Rd

El Clair Ranch Rd

441 1. 42nd Terrace 2. Westroads Industrial Park 3. Dyer Business Park

Floridas Tpke

DELRAY BEACH

E Atlantic Ave

KINGS POINT

95

PBI

Clint Moore Rd

.03 Miles

.05 Miles

3 Miles

6 Miles

BOCA RATON

BOCA WEST

Executive Summary

9

Boca Raton Airport

l Hwy