OVER 100 BUILDINGS OVER 130 TENANTS OVER 1,500 ACRES. INDUSTRIAL PARK St. George, Utah. DOUG SCHEEL

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1 INDUSTRIAL PARK St. George, Utah OVER 100 BUILDINGS OVER 130 TENANTS OVER 1,00 ACRES RAY ROSENTHAL, SIOR TROY SCHEEL DOUG SCHEEL

2 Property Highlights Fully Improved Industrial Sites from 1 to 100 Acres Land Sales, Lease and Sale Opportunities on Existing Buildings, and Build-to-Suit Opportunites Least Expensive Electrical and Most Affordable Natural Gas in the Lower 48 States Pro-Business Economic Climate Incentives Possible Based on Job Creation Multiple I-1 Interchanges Provide Easy Access to Park Minutes Away from St. George Airport Centrally Located in the Western United States 1 SOUTH Las Vegas 119 Miles Los Angeles 387 Miles 1 NORTH Salt Lake City 30 Miles Denver 629 Miles FORT PIERCE INDUSTRIAL PARK St. George, Utah (2014) Estimated Population 146,977 Population Growth 2010 to % High School Graduate or Greater 91.4% Number of Non-Farm Businesses 4,008 Retail Sales $2.087 Billion

3 SITE PLAN AIRPORT 3 Miles SOLD FOR SALE - AVAILABLE

4 A FEW OF FORT PIERCE S 130 TENANTS Family Dollar 800,000 SF Viracon 23,000 SF Codale Electric 40,000 SF Czarnowski 100,000 SF Milliken 100,000 SF Sunroc 23,000 SF St George Truss 80,30 SF Cox Trucking 27,000 SF Sylarus Technologies 40,000 SF Blue Bunny 160,000 SF Intermountain Wood 12,394 SF Old Dominion Freight 18,000 SF Deseret Labratories 123,000 SF Volvo 10,000 SF Komatsu Equipment 10,300 SF Coughlin Company 8,00 SF Yesco 60,000 SF Industrial Brush Corporation 2,000 SF

5 DISTANCE & TRAVEL TIME TO/FROM ST. GEORGE, UTAH City, State Seattle UTAH Spokane 82 Portland 1 2nd Among Next Economic Boom States - Salt Lake Tribune, th in Top 10 States to make a living - Business Week, 2012 Recipient of the Gold Shovel Award for State Economic Development Excellence - Area Development Magazine, 2012 Ranked in the Top States Hiring - 24/7Wall Street, 2012 One of the 10 Best States for High-Tech Businesses Business Week, 2012 #2 State for Job Growth - The Salt Lake Tribune, 2012 Cheyenne 76 Boulder Denver Colorado Springs 70 Grand Junction Pueblo San Francisco 2 Las Vegas Bakersfield Santa Fe Flagstaff Los Angeles St. George is #22 for Best Small Places for Businesses and Careers - Forbes, 2010 Utah named one of the Best States for Business - CNBC, Sacramento 2 Salt Lake City Provo 80 Reno St. George is Forbes #1 City for Job-Seeking College Grads Forbes, 2013 Top 10 in 10 Categories of Business Facilities Magazine Annual Rankings Report Business Facilities Magazine, 2012 Casper Ogden Fresno Utah is in the Top 10 States for Low Business Taxes and Regulations - Urban Land, 2012 Pocatello Twin Falls Washington County Utah Ranks in Top Most Beautiful States in America Travel Away, Idaho Falls Boise Utah named on Forbes Best of State for Business and Careers for 3rd Year in a Row - Forbes, Medford Utah is Most Small-Business Friendly State - The Blaze, 2013 Billings 84 Eugene Utah is the Top State for Economic Outlook for the 6th Year in a Row - Deseret News, Helena Salem DISTINGUISHING FACTS Great Falls 90 Missoula Yakima San Diego Miles Tucson Albuquerque Phoenix 10 Las Cruces 19 ST. GEORGE / WASHINGTON COUNTY In 2013 Washington County added more than 2,00 jobs. The rate of job expansion in Washington County was.1%. Construction and Hospitality Services generated the highest number of new positions. Healthcare/Social Assistance, Government/Education, Retail Trade, and Transportation also contributed. Most major industrial sectors impacted the dramatic employment gains. (Source: Utah Department of Workforce Services, 2014) Washington County showed a strong population growth, with a net-in-migration. St. George had become known as a popular retirement location, but now St. George is also attracting young working aged professionals. Between 2012 and 2013 Washington County s population grew by 2.2%. Expansions and relocations of manufacturing firms will continue to supply more demand of the area s job growth performance. (Source: Utah Department of Workforce Services, 2014) As noted, St. George, Utah was rated by Forbes as the number one city for job-seeking college graduates in In fact, Southwest Utah is growing so rapidly that Washington County was ranked 73rd in the top 100 Fastest Growing Counties in the United States from 2010 to In those 3 years its population grew by 7%, gaining over 9,00 new people. (Source: U.S. Census Bureau, 2014) BUSINESS INCENTIVES In hopes of promoting business growth, local governments have created a new development zone in the Fort Pierce Area, and designated it as a Community Development Area (CDA). Under special regulations companies can earn post-performance tax incentives. In addition It is part of an ongoing effort to attract new companies, and create higher paying jobs to this area that is currently lagging behind state and national average wages. (Source: The Spectrum, news/local/2014/08/26/tax-incentive-area-set-promote-highpaying-jobs/ /) Businesses relocating to, or expanding in Utah could be eligible for a number of different incentives from the state and/or local municipality. The following is a partial list of potential programs. Distance (Miles) Drive Time Hours ( MPH) Albuquerque, NM Bakersfield, CA Billings, MT Boise, ID Boulder, CO Casper, WY Cheyenne, WY Colorado Springs, CO Denver, CO Eugene, OR Flagstaff, AZ Fresno, CA Grand Junction, CO Great Falls, MT Helena, MT Idaho Falls, ID Las Cruces, NM Las Vegas, NV Los Angeles, CA Medford, OR Missoula, MT Ogden, UT Phoenix, AZ Pocatello, ID Portland, OR Provo, UT Pueblo, CO Reno, NV Sacramento, CA Salt Lake City, UT 302. San Diego, CA San Francisco, CA Santa Fe, NM Seattle, WA Spokane, WA Tucson, AZ Twin Falls, ID Yakima, WA Source: Google Maps, 2014 State of Utah Incentives EDTIF (Economic Development Tx Increment Financing) IAF (Industrial Assistance Fund) REDI (Renewable Energy Development Incentive) Recycling Zones Research Tax Credits Custom Fit Training Sales Tax Exemption for Manufacturing Equipmnet IRB (Industrial Revenue Bonds) / IDB s (Industrial Development Bonds) Enterprise Zone Tax Credits Local Incentives Tax Increment Financing (TIF) EDA / URA / CDA Designation Revolving Loan Funds (RLF s) Department of Workforce Services Development Initiatives Small Business Bridge Program Project Restart Federal Work Opportunity Tax Credit (WOTC) Other Available Incentives Additional Financing Options Freeport Law Employee Recruiting / Screening / Training Assistance

6 We assembled this study based on a typical 40,000 square foot industrial building. We compared all of the salient points of a typical commercial real estate transaction and then did a comparison study on the key points of an industrial operation such as wages, utilities, workforce, community, etc. and with that concluded with this particular study and analysis a 3.8% difference to the bottom line. Obviously everything depends on the operation you have, labor, cost of goods and such but the fundamentals show the advantage over time of having some or all of your operation in the Fort Pierce Industrial Park in St. George, Utah based on our information and calculations. COMMUNITY COMPARISON Households St. George, UT Las Vegas, NV Median Household Income $0,169 $0,717 Average Household Income $62,902 $66,72 Per Capita Income $21,47 $24,67 Owner Occupied Households 4.6% 46.2% Median Home Value $222,479 $172,338 Average Household Size Source: ESRI Business Analyst Online, 2014 Population St. George, UT Las Vegas, NV Median Age Population Age % 40.% Married 64% 49% Source: ESRI Business Analyst Online, 2014 Educational Attainment Age 2+ St. George, UT Las Vegas, NV High School Graduate or more 91.4% 84.1% Some College, No Degree 6.0%.4% Bachelor s Degree or more 2.4% 22.4% Source: ESRI Business Analyst Online, 2014 Safety Ranking Utah Nevada Overall Rank 11th 1st Financial Safety Rank 12th 0th Driving Safety Rank 4th 37th Workplace Safety Rank 2nd 33rd Natural Disasters Rank 3rd 39th Home and Community Safety Rank 28th 49th Source: WalletHub, 2014 BOTTOM LINE COMPARISON COST OF BUSINESS COMPARISON Average Annual Wages St. George, UT Las Vegas, NV Chief Executives (111011) $108,200 $190,30 General and Operations Managers (111021) $67,730 $106,130 Accountants and Auditors (132011) $2,10 $62,60 First-Line Supervisors of Production and Operating Workers (11011) Structural Metal Fabricators and Fitters (12041) $1,30 $4,080 $36,920 $37,720 Team Assemblers (12092) $29,610 $27,430 Source: Bureau of Labor Stastics, 2014 data Workers Compenstation Insurance (Code) St. George, UT Las Vegas, NV Metal Goods Manufacturing (3373).90%.99% General Office (8810) 0.20% 0.36% Source: Workers Compensation Fund, 2014 Unemployment Insurance St. George, UT Las Vegas, NV New Employer Rate 2.70% 2.9% Taxable Wage Base $30,300 $26,900 Duration of New Employer Rate (years) 1 1 New rate after duration with no lay-offs 0.40% 0.2% Utah Unemployment Insurance is determined according to industry average, rate may change Source: U.S. Department of Labor, 2014 Health Care Insurance St. George, UT Las Vegas, NV Single Coverage, Employer Cost $4,028 $3,92 Family Coverage, Employer Cost $10,361 $9,249 Source: Kaiser Family Foundation, 2014 Real Estate St. George, UT Las Vegas, NV Annual Cost per Square Foot of Space $.19 $6.23 Square Feet (assumed) 40,000 40,000 Source: Loopnet, 2014 YEAR TOTAL CUME NPV Wages St. George, UT $2,381,080 $2,42,12 $2,26,088 $2,601,870 $2,679,927 $2,760,324 $2,843,134 $2,928,428 $3,016,281 $3,106,769 $27,296,414 $16,390,744 Las Vegas, NV $2,12,80 $2,87,97 $2,66,96 $2,74,64 $2,827,931 $2,912,769 $3,000,12 $3,090,16 $3,182,861 $3,278,347 $28,803,914 $17,29,97 Workers Compensation St. George, UT $120,609 $124,227 $127,94 $131,793 $13,746 $139,819 $144,013 $148,334 $12,784 $17,367 $1,382,647 $830,241 Las Vegas, NV $120,792 $124,416 $128,149 $131,993 $13,93 $140,031 $144,232 $148,9 $13,016 $17,607 $1,384,749 $831,04 Unemploymnet Insurance St. George, UT $3,177 $8,114 $8,38 $8,609 $8,867 $9,133 $9,407 $9,689 $9,980 $10,279 $13,611 $9,411 Las Vegas, NV $1,81 $4,02 $4,637 $4,777 $4,920 $,067 $,220 $,376 $,37 $,703 $97,321 $73,008 Please note price changes after durationof New Employer Rate (years). Health Care Insurance St. George, UT $467,643 $481,672 $496,122 $11,006 $26,336 $42,126 $8,390 $7,141 $92,396 $610,167 $,360,997 $3,219,131 Las Vegas, NV $428,1 $441,000 $44,230 $467,87 $481,892 $496,349 $11,239 $26,77 $42,374 $8,64 $4,908,317 $2,947,309 Real Estate St. George, UT $207,600 $213,828 $220,243 $226,80 $233,66 $240,66 $247,88 $2,322 $262,981 $270,871 $2,379,901 $1,429,06 Las Vegas, NV $249,200 $26,676 $264,376 $272,308 $280,477 $288,891 $297,8 $306,48 $31,679 $32,149 $2,86,799 $1,71,429 Total Costs Year 1 Year 1-10 Cume NPV % Difference from Utah St. George, UT $3,308,208 $37,40,899 $22,02, % Las Vegas, NV $3,437,908 $38,917,769 $23,383, % Source: Economic Development Corporation of Utah

7 CONTACT US Coldwell Banker Commercial Intermountain UTAH REGIONAL HEADQUARTERS Salt Lake City 60 South Millrock Drive, Suite 200 Salt Lake City, UT (801) American Fork 82 East 1180 South, Suite 300 American Fork, UT (801) St. George 33 East St. George Blvd., Suite 301 C St. George, UT (43) ALASKA Anchorage 2600 Cordova Street, Suite 20 Anchorage, AK 9903 (907) 61-1 IDAHO Boise (208) Idaho Falls 176 North Yellowstone Hwy Idaho Falls, ID (208) Pocatello 2043 East Center Street Pocatello, ID (208) WE WOULD LIKE TO THANK: FORT PIERCE INDUSTRIAL PARK RAY ROSENTHAL, SIOR ray.rosenthal@coldwellutah.com TROY SCHEEL troy.scheel@coldwellutah.com DOUG SCHEEL doug.scheel@coldwellutah.com OUR SERVICES Industrial Office Retail Investment Land Hospitality Medical Farm/Ranch/Recreational Mergers & Acquisitions Market Analysis Broker Opinion of Value Asset Services Property Management LICENSED IN: Utah Idaho Wyoming Montana Alaska INDUSTRIAL PARK St. George, Utah Coldwell Banker Commercial Intermountain. Each Office is Independently Owned and Operated. 2014