Investment Overview

Marcus & Millichap is pleased to announce the opportunity to acquire a high performing industrial outdoor storage and equipment rental yard (the “Property” or “Asset”) located in Baytown (Houston MSA), Texas that is leased to EquipmentShare (“Tenant”). EquipmentShare is a nationwide construction solutions provider dedicated to solving industry pain points through smart jobsite technology and equipment rental, retail, and service centers. This Asset is located 15 miles north of the Houston Ship Channel and 30 miles east of downtown Houston. More specifically, the site is just off Hwy 99, and 0.5 miles from I-10, the metro’s main interstate running east/ west through the center of Houston. The immediate area has experienced significant growth since 2010, with over 5.6% average annual population growth over the past 14 years, resulting in the population almost doubling from 22,700 to 39,200. The area is home to the Port of Houston, one of the largest ports in the world. The Port of Houston owns, manages, and operates eight public terminals along the 52-mile Houston Ship Channel, which supports 3.2 million jobs in the U.S.—more than one-third of them in Texas—and has a nationwide economic impact exceeding $800 billion. To keep up with growing demand, the $1 billion Project 11 is expanding and deepening the Houston Ship Channel and anticipated to complete sometime this year. The Asset is subject to a long-term lease with +/- 12.0 years remaining on an absolute triple net structure with 1.50% increases annually over the ?rm term, and two (2) 5-year extension options. This offering provides investors with the opportunity to receive long-term assured cash ?ow with a credit-worthy Tenant who is the fastest-growing equipment rental company in the United States.