The U.S. Federal Government Facility in Hayward, California is a highly secure and specialized building that was redeveloped-to-suit for the U.S. General Services Administration (GSA) with completion in 2022. This facility is 100%
leased to the U.S. Federal Government for a new 20-year lease term, guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating from Moody’s Investor Services and unrivaled income security.

The U.S. Federal Government Facility is comprised of 15,930 rentable square feet, consisting of 7,900 square feet of office, and 8,030 square feet of conditioned warehouse. The building was constructed according to the specific
needs of the tenant, with significant levels of security. The U.S. General Services Administration funded Tenant Improvements in excess of $10.825 million ($680 per foot), demonstrating an exceptionally significant investment into the building by the tenant.

Commencing in July 2022, the lease with the U.S. General Services Administration is for the maximum allowable federal lease term of 20 years, with a rare 15-year firm period that is not cancellable for any reason. The U.S.
General Services Administration, which is responsible for federal real estate leasing, has a long-standing reputation as a tenant with one of the highest possible lease renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate that typically exceeds 95%, and studies of this data indicate that single-tenanted GSA facilities yield a 35+ year average occupancy period.

The U.S. Federal Government Facility is situated within the Hayward / Castro Valley submarket, with an exceptionally strong office and industrial fundamentals and a vacancy rate of only 3.83%. The property is located in the San Francisco Bay Area MSA, the 13th largest metro area in the United States with a population exceeding 4.6 million.