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Confidential Investment Offering

Executive Plaza

64,336 Sq. Ft. Office Complex Austin, Texas

Presented By:

Wes Walters

Wes Walters Realty, Inc. 9130 Jollyville Road, Suite 175

Austin, TX 78759

This is a private offering intended solely for the individual to whom it was submitted. This document is for

informational purposes only and is not intended to be an offering for limited partnership interest.

January 29, 2018

Executive Plaza 14205 N. Mopac Expressway

Austin, TX

Property Information Location: 14205 N. Mopac Expressway, Austin, TX 78728 Property Type The subject property is a six-story brick, class “B+” & Description: office building located in North Austin sub-market. This building sits in the

preferred North Austin office market location with excellent access to Mopac Expressway and Highway 45.

Major Tenants: Innovative Funding Services

Group 1 Realty, Inc. Bankers Life & Casualty Company Total Land Area: 2.65 acres of land Zoning: Office Year Built/Improvements: Developed in 1985; common area renovations 2013; 2015 – Install new 100-ton chiller; new digital controls

2016 – Complete water seal/elastomeric coating & exterior paint

2016 – Install .60mil white TPO membrane roof by TectaAmerica 2017- Install new LED lighting and new carpet in common area Gross Building Area: 66,976 Square Feet; 64,336 Square Feet Leasable Parking: 230 Occupancy: 82% Legal Description: Lot 3. Block A. Wells Branch Phase A. Sec 6. Price: $11,500,000 $171.00 per square foot

Executive Plaza 2018 Proforma

64,336 Leaseable Square Feet

IncomeRental Income Current Tenants Base Rent $884,692.00

Current Tenants NNN $423,392.00Misc. Charges $10,764.00Rent step ups $6,235.00NNN reconciliation expense reimbursements $125,587.00Suites 100, 110, 450, 500, 510 - 12,102 sq. ft. @ $24.00 gross $290,448.00

Total $1,741,118.00Less 5% Vacancy $87,056.00

$1,654,062.00Less Expenses ($10.51 per foot) $676,171.00

NOI $977,891.00

at $11,500,000 purchase 8.5% CAP

4% interest Debt Service $494,055.0025 yr. AM Cash flow after debt service $483,836.00$7,800,000 loan amount$100,000 closing costs

$483,836/$3,800,000

12.73% Cash on Cash

Principal reduction Year 1 $185,430.00Year 2 $192,985.00Year 3 $200,847.00Year 4 $209,030.00

Property Square Footage:64,336

EXECUTIVE PLAZAOperating Expense Reconciliation

Calendar Year: 2017

Common Area Maintenance: Total Expense

Salaries & Wages 18,529.64$

Electricity 94,216.08$

Water/Sewer 25,636.15$

Repairs & Maintenance 45,409.05$

Supplies 376.72$

Contract Services:

Building Maintenance 25,827.83$

Elevator/Emergency 17,417.38$

POA Assessment 1,615.00$

Extermination 1,104.12$

HVAC 18,832.36$

HVAC replacement - amortization 3 of 23 years 8,077.95$

HVAC Automation - amortization 3 of 10 years 13,959.88$

Janitorial and supplies 65,113.37$

Landscaping/Irrigation Repairs 19,182.63$

Parking Lot Sweeping 446.00$

Plant/Plant Maintenance 7,670.97$

Fire Safety 5,064.60$

Roof Repairs - 5% amortization 2 of 10 years 12,956.02$

Trash Removal 4,690.91$

General Administrative 18,236.85$

Management Fee 56,381.83$ Total CAM 460,745.34$

Property Taxes 201,476.12$

Insurance 13,847.00$

Total Operating Expenses 676,068.46$

NNN's per square foot per year (2017) 10.51$