INVESTMENT OPPORTUNITY Bryson Sales and Service 2407 Gibson Road, Everett, Washington 98024

Offering Memorandum BRIAN LEIBSOHN RJ VARA Senior Director / VP Investments Investment Associate [email protected] [email protected] 425 455 3131 206.826.5784 CONFIDENTIALITY & DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB‘s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant‘s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.

NON-ENDORSEMENT NOTICE

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation‘s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. MISSION STRATEGIC EXCLUSIVE ANNUAL BUILD CRITICAL LONG-TERM INDUSTRIAL BLUEBIRD RENT TO SUIT REGIONAL NNN LEASE CORRIDOR DEALERSHIP INCREASES HQ LOCATION

The Leibsohn Group of Marcus & Millichap Seattle is pleased present this outstanding investment opportunity to purchase the “mission-critical” / build to suit regional headquarters of Bryson Sales and Services, Inc.

Bryson has been an exclusive authorized dealer, sales and service provider for Blue Bird Corporation (NASDAQ:BLBD) for over 50 years with dealership rights in Utah, Nevada, Idaho, and Washington. The property is located in a busy industrial corridor with excellent access to Highway 99 and Interstate 5. The oversized land area and customized building features assure the investor that this tenant will remain successful in this facility for many years to come.

Bryson Sales and Service | 3 OFFERING SUMMARY 2407 Gibson Road, Everett, Washington 98024

PRICE $7,115,000 CURRENT NOI $462,769

BUILDING AREA 16,285 SF CAP. RATE 6.50%

AVG. CAP. RATE SERVICE AREA 8,279 SF 7.81% OVER BASE TERM OFFICE SPACE 6,772 SF LEASE TERM MEZZANINE SPACE 1,234 SF 12+ Years REMAINING

LOT SIZE 2.31 Acres RENT INCREASES 3.0% Annually

YEAR BUILT 2012

BUILDING RENT SCHEDULE Metal Frame over Concrete Slab SPEC. YEAR RENT Pitched, metal standing seamed 2021 $476,673 ROOF roof (max. height 30’4”) 2022 $490,952 2023 $505,680 SERVICE BAYS Five bus-sized bays with lifts 2024 $520,851 2025 $536,476 LEASE TYPE NNN 2026 $552,570 2027 $569,147 LEASE COMM. 07/01/2012 2028 $586,222 2029 $603,809 LEASE EXP. 12/31/2032 2030 $621,923 2031 $640,581 2032 $659,798

Bryson Sales and Service | 4 TENANT OVERVIEW

BRYSON SALES & SERVICES Bryson Sales & Service Inc was founded on December 13, 1969 in Utah when the Blue Bird dealership for Utah and Nevada became available for purchase. Glenn Bryson had been a loyal customer of Blue Bird since 1957 when he purchased the first Blue Bird All American in the State of Utah in his capacity as Director of Transportation for the Davis County School District. Bryson Sales of Washington offers many years of experience in sales, parts, service, and friendship. Bryson‘s believe in building their reputation on service, SALES & SERVICES quality, and integrity. Bryson Sales and Service of Washington is honored to serve and contribute to your children‘s safety needs as well as serve the transportation community for the years and many more to come! Since the Bryson‘s have expanded into Washington they have worked hard to show and prove themselves to their customers. The Bryson team has a strong emphasis on family values and we consider our customers as one of our own.

BLUE BIRD CORPORATION (NASDAQ:BLBD) Publicly traded Blue Bird Corporation (Nasdaq: BLBD) offers a complete line of Type A, C and D school buses in a variety of options and configurations. Since 1927, Blue Bird Corporation has continued to set industry standards with its innovative design and manufacturing capabilities. Additionally, Blue Bird provides comprehensive financial solutions through Blue Bird Capital Services. Today, Blue Bird has more than 1,500 employees, Georgia-based manufacturing facilities and an extensive network of Dealers and Parts & Service facilities throughout North America. Its global presence can be seen in more than 60 countries through sales into Africa, Asia, the Caribbean, Latin America, Europe and the Middle East. Blue Bird has a strong liquidity and business fundamentals and is expected to produce steady results for 2021.

Bryson Sales and Service | 5 Paine Field Airport

112th Street

128th Street

34,690 vpd 99

Bryson Sales and Service | 6 SEATTLE BELLEVUE 28 minutes EVERETT 32 minutes DEMOGRAPHICS KIRKLAND 25 minutes 111,475 TOTAL POPULATION LYNNWOOD 17 minutes 35.5 AVERAGE AGE

42,883 TOTAL HOUSEHOLDS

$74,525 $ AVG. HOUSEHOLD INCOME EVERETT 54,368 EMPLOYEES

87.5% 22.6% HS Diploma + Bachelor's Degree +

*Statistics from US Census (uscensus.gov) and Data USA (datausa.io)

Bryson Sales and Service | 7 EVERETT AT A GLANCE

As the largest city in Snohomish County, Washington, Everett serves a diverse community of more than 110,000 residents. Located 25 miles north of Seattle, the city is nestled between Port Gardner Bay and the Snohomish River.

Everett is easy to access to by car, train, bus and air. Paine Field at Everett began commercial air service in early 2019 with 24 daily flights to destinations along the west coast and beyond, connecting Everett to the world. On the Port Gardner waterfront is Naval Station Everett and the Port of Everett, which boasts the largest public marina on the West Coast. Northwest Everett is also home to Providence Regional Medical Center and new branch of Seattle Children’s Hospital, offering more than 15 pediatric subspecialties of care.

Everett benefits from world-class education partners, serving students from pre-K to college. Everett School District students outperform the state on assessments in every subject and every grade. Everett Community College and Washington State University at Everett offer world-class higher education with a wide, growing range of programs that are relevant to our region, such as avionics, technology, healthcare, engineering and agriculture. The incredible education partners in the Everett area help support the major employers, such as The Boeing Company, and the robust network of high-tech and manufacturing enterprises that call Everett home.

MAJOR EMPLOYERS

Bryson Sales and Service | 8 BRIAN LEIBSOHN RJ VARA Senior Director / VP Investments Investment Associate [email protected] [email protected] 425.455.3131 206.826.5784