8 0 5 N O R T H M A I N

CONCENTRIXP O C A T E L L O , I D 8 3 2 0 4 O

FF

ER

IN

G

ME

MO

RA

ND

UM

W W W . 8 0 5 C O N C E N T R I X . C O M

8.0% CAP

SINGLE TENANT NNN LEASEDOPPORTUNITY ZONE ASSET

8 0 5 N O R T H M A I N

CONCENTRIX

E X E C U T I V E S U M M A R Y 01

A S S E T O V E R V I E W 02

03M A R K E T O V E R V I E W

T A B L E O F

C O N T E N T S

© 2019 CBRE, INC. ALL RIGHTS RESERVED.

CRAIG THOMASSenior Vice President

+1 801 869 8024craig.thomas@cbre.comLicensed in UT, ID, WY

FOR MORE INFORMATION, PLEASE CONTACT

E X E C U T I V E S U M M A R Y 01

THE OFFERINGSINGLE TENANT BUILDING

CBRE is pleased to present the Concentrix Call Center, a 43,353 SF single tenant NNN investment to qualified buyers. Located at 805 North Main, Pocatello, ID, this 100% occupied property has been continuously leased by tenant corporation since 1999.

The Tenant recently renewed its lease for 5+ years, of which 4 years are remaining, extending its lease term through February 2023 with two three year options to renew.

Major interior renovations were completed in the summer of 2017 including insulated ceiling tiles, LED lighting, touchless water faucets, updated employee restrooms, and updated carpet tiles and decor throughout.

To complete the renovation, the owner replaced the entire roof and gutters. The roof is a 60 mil EPDM 15-YR warranted roof with 14 years remaining on the transferrable warranty.

LOCATED IN AN OPPORTUNITY ZONEThe Concentrix Call Center is a federal tax incentive program that drives re-development in designated census tracts.

TENANT

Concentrix (SYNNEX NYSE: SNX) is the media subsidiary of SYNNX. Synnex purchased Convergys in 6/28/18. The company services healthcare and media through its Pocatello division.

NNN LEASE In place since 1999, the current 5 yr NNN lease term has four years remaining with two additional three year options to renew.

ABOVE MARKET PARKING There are 280 spaces on two separate parcels equating to above market parking of 6.45/1000.

WORKFORCEThe property is located approximately 1.5 miles from Idaho State University, providing the tenant with a readily available educated workforce.

4

5

CONCENTRIX - 805 NORTH MAIN STREET, POCATELLO, ID

PURCHASE PRICE $5,500,000

CAP RATE: 8.00%

SQUARE FOOTAGE: 43,353 SF

AVERAGE PRICE PSF: $126.87

YR 1 NOI: $442,200.

CASH ON CASH RETURN 10.45%

OCCUPANCY: 100%

TENANT Concentrix, a subsidiary of SYNNEX, a Fortune 200 company

LEASE Orignal lease beginning date June 1999

LEASE OPTIONS 2x Three (3) Year Options Remaining

EXISTING PARKING RATIO: 6.45/1000

NEW ROOF and GUTTERS: New 60 mil EPDM roof with15-YR mftg’s warranty and 5-YR contractor’s warranty - Install 2017New gutters with 20-YR warranty - Install 2017

YEAR BUILT/REMODELED: 1999/2017

ACREAGE: 3.65 on two parcels

LEASE TYPE: NNN Lease

LOAN TERMS: Current loan may be assumed - see financial summary for further informations

OPPORTUNITY ZONE: Yes

THE OFFERING

6

BUILDING SPECIFICATIONS

ROOF TYPE: 60 mil EDPM with 15 YR transferable mfg warranty installed in 2017

ELEVATOR: Schindler Elevator 2100 Lbs

GENERATOR: Caterpillar 558 HP back-up generator 600 gallon tank

LIGHTING: New LED lighting in open floor, break room, and training rooms installed by tenant summer 2017

ADA COMPLIANT: Yes

CEILING TILES New acoustic noise-cancelling, insulated ceiling tiles

UNINTERRUPTED POWER SUPPLY: Yes

FIRE SUPPRESSION: Wet - in training and open floorDry - in data and utility room

SECURITY: Card reader with access control cards

STORIES: 3

SITE AERIAL AND ADDITIONAL PARKING :: TOTAL PARKING 280 STALLS OR 6.45/1000

ABOVE MARKET PARKING 6.45/10001.58 ACRES

2.07 ACRESCONCENTRIX

7

A S S E T O V E R V I E W 02

FLOOR PLANSMAIN FLOOR

138’

192.8

194’

10

FLOOR PLANSUPPER LEVEL LOWER LEVEL

11

AERIAL MAP

AERIAL MAP HERE

© 2019 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property.

All Rights Reserved. Sources: CBRE Mapping Services (877) 580-4674; N:/Team-GISData/Projects/Phoenix/2019/1stQtr/361603 2/16/2019

You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

OPPORTUNITY ZONE

N

15INTERSTATE

30

30

W ALAMEDA RD

W MAPLE ST

E OAK ST

N 15TH AVE

N 5TH AVE

N 4TH AVE

N MAIN ST

N ARTHUR AVE

E CLARK ST

E CEN

TER ST

JEFF

ERSO

N AV

E

YELL

OWST

ONE A

VE

POLE

LINE

RD

Quality Tools at Ridiculously Low PricesHARBOR FREIGHT TOOLS

B E A U T YB E A U T Y

SITE

12

M A R K E T O V E R V I E W 03

13

POCATELLO, ID MARKET

Idaho State University 3600-3700

Portneuf Medical Center 1100-1200

ON Semiconductor 900-999

The Kroger Co/Fred Meyer 540

Union Pacific Corp 470

All State Insurance 411

Concentrix Business Services 564

J.R Simplot 360

Varsity Contractors 300-399

Idaho Central Credit Union 228

Farm Bureau Insurance 194

Virginia Transformer 180

Costco 150

Mountain West Research 120

Hoku Scientific 110

Idaho Power 90

Source: Bannock Development City of Pocatello, 2016

AREA TOP EMPLOYERS

BUSINESS CYCLE STATUS

EXPANSION

RECOVERY

AT RISK

MODERATING RECESSION

IN RECESSION

>>

>>SOURCE: MOODY’S ANALYTICS

OPPORTUNITY ZONE. The Concentrix Call Center is located in the only Qualified Opportunity Zone (QOZ) in Pocatello, ID. These zones create a powerful incentive to allocate capital into economically distressed areas and in many cases, allow investors to defer taxes on realized gains and even reduce tax liability. QOZ investments maintained for at least 5 years, by the end of 2026, will qualify for a 10% reduction of deferred capital gains tax liability. . If the gain has been invested in an opportunity fund for seven years by the end of 2026, the tax liability on the original gain is reduced by 15%. Consequently, in order to take advantage of at least some of these benefits, capital gains must be reinvested by the end of 2021.

TOP 10 SMALL CITIES. Pocatello was recently recognized by Worldwide ER and Primacy as one of the top 10 best small cities in the county to relocate and raise families.

LOCATION AND TRANSPORATION. The only city in Idaho located on two Interstate Highways. Pocatello is only 140 mile North of Salt Lake City, UT on Interstate 15 and 230 mile Southeast of Boise, Idaho on Interstate 86. The city also has direct air service to Salt Lake City from Pocatello Regional Airport.

RECENT JOB PERFORMANCE. Moody’s rates the Pocatello market as being in an EXPANSION MODE, and because of Pocatello’s diversification, it is in a self-sustaining expansion. The economy is strengthening, with its year-over-year growth in payroll employment exceeding Idaho and U.S. averages. That paired with above-average labor force growth, has lead to its steady hold over the unemployment rate which sits at just under 3%.

The Federal Bureau of Investigation announced in October of 2018 it’s data center expansion consisting of the center, additional office space, a three-level parking garage and a promising 600 new jobs to the city. These won’t be just IT jobs but administrative, human resource positions, analytic and intelligence positions, finance positions, and computer evidence positions. SOURCE: CBRE’s QOZ Research and Report, Moody’s Analytics 2018; East Idaho Business Journal

14

IDAHO UNIVERSITY AND TECH CONNECT IDAHO STATE UNIVERSITY (ISU) is located 1.5 miles from the Property and provides a significant employee source for Convergys.

ISU is a Carnegie-classified doctoral research and teaching institution that maintains four campuses to offer access to high-quality education in over 280 programs. The main campus is located in Pocatello with additional locations in Meridian, Idaho Falls, and Twin Falls.

ISU is the state’s designated lead institution in health professions and medical education,and is leading the way in cutting-edge research and innovative solutionsin the areas of energy, nuclear research, teaching, humanities, engineering, performing and visual arts, technology, biological sciences, pharmacy and business. The area’s diversity is fueled in part by the partnership with the University. ISU employs 3,000+ residents and plays an ongoing roll with existing and start-up businesses.

One example of the collaborative growth, is the ISU sponsored Idaho Accelerator Center (IAC) which partners with the university, governmental and private entities, such as the nearby Idaho National Laboratory (INL).

The Center has three laboratories, located on the university campus, the University’s Business and Research Park and the Pocatello Airport. The IAC serves as the principal conduit for R&D in nuclear physics applications in materials, biology, and homeland national security needs.

Further area growth and expansion are evidenced by growth at the ON Semiconductor plant. ON is a world-wide company and a premier supplier of semi-conductors which operates a large wafer manufacturing facility in Pocatello. In October 2017, the company showcased its recent $1.4 million Pocatello site expansion and announced new hiring plans.

IDAHO STATE UNIVERSITY

IDAHO ACCELERATOR CENTER

ON SEMICONDUCTOR COMPLETED A $1.4 M SITE

EXPANSION IN 2017 15

AFFILIATED BUSINESS DISCLOSURECBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

CONFIDENTIALITY AGREEMENTYour receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

DISCLAIMERThis Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. PMStudio_March2019

16

17

CRAIG THOMASSenior Vice President

+1 801 869 8024craig.thomas@cbre.comLicensed in UT, ID, WY

8 0 5 N O R T H M A I N

CONCENTRIXP O C A T E L L O , I D 8 3 2 0 4

FOR MORE INFORMATION, PLEASE CONTACT

18