5335 RIOPELLE ST., DETROIT MI. 48211 1415-1439 E. KIRBY AVE., DETROIT MI. 48211

1.18 ACRES OF LAND – M5 SPECIAL LAND USE DESIGNATION

13,284 SF SINGLE STORY, PLUS ~4,420 SF BASEMENT SPACE

INDUSTRIAL WAREHOUSE BUILDING

For Information RK Land Holding, LLC 313.263.7600

OVERVIEW

5335 Riopelle St., 1415-1439 E. Kirby Ave., Detroit MI is located east of I-75, north of E. Warren Ave. and south of I-94, specifically on the southwest corner of Riopelle St. & E. Kirby Ave. (“Riopelle”). Riopelle is 1.18 acres and includes 13,284 SF of 1st floor warehouse, office & industrial space, plus a 4,420 SF of basement area. The Riopelle site, given its i) land size (1.18 acre), ii) existing building opportunity, iii) expansive zoning (M5), and iv) proximity to the future Wayne County Justice Complex, provides multiple options, including; industrial & warehouse redevelopment, uses compatible to the proximity of WCCJC, including parking & mixed-use retail, food distribution & processing.

AERIAL

The Riopelle site is idenified in red and the future WCCJC site is superimposed on the aerial below. The Riopelle site is less than a mile south of the I-94 & I-75 interchange and, although the Riopelle site is a manufacturing area, the Riopelle site is only 1.5 miles from Woodward Ave., Wayne State University and Detroit Cultural Center, making it convenient for industrial & warehouse users desirous of a presence close to Midtown, Detroit CBD & major throughfares.

PICTURES OF RIOPELLE SITE

PROPERTY SUMMARY

Street Address 5335 Riopelle St., Detroit MI 1415-1439 E. Kirby Ave., Detroit MI Location Located at the northeast corner of Riopelle St. & E. Kirby Ave., 1 block east of

Russell St. Land 1.18 acres of land (51,326 SF) Building 13,284 SF, plus basement area of 4,420 SF Basement 4,420 SF Occupancy Vacant Zoning M5 - Special Industrial Use (An expansive industrial zoning district; the zoning

allows for the most intensive manufacturing use within the City of Detroit.) Opportuninty Zone Riopelle is in an Opportunity Zone. The Tax Cut and Jobs Act of 2017 (TCJA)

established a new economic development incentive, known as an “Opportunity Zone”. An Opportunity Zone is designed to incentivize long-term capital investments in designated low-income communities by providing investors with a deferral from recognizing federal capital gains tax and, in some circumstances, entirely exempting the gain derived from an investment in designated Opportunity Zones.

Section 1400Z-2 of the Internal Revenue Code allows the temporary deferral

of inclusion in gross income for certain gains realized to the extent that corresponding amounts are timely invested in a Qualified Opportunity Fund.

The tax incentives include: i) Investors can defer tax on all prior capital gains

reinvested in a Qualified Opportunity Fund until the earlier of the date on which the Opportunity Zone investment is disposed or December 31, 2026, ii) For capital gains reinvested in an Opportunity Fund, the basis is increased by 10% if the investment in the Opportunity Fund is held by the taxpayer for at least five years and by an additional 5% if held for at least seven years, thereby excluding up to 15% of the original gain from taxation, iii) If the investor holds the investment in the Qualified Opportunity Fund for at least ten years, the investor would be eligible for an increase in its basis equal to the fair market value of the investment on the date that it is sold. This means investors who hold up to 10 years would face no capital gains on their Opportunity Zone investments.

ALTA SURVEY

FLOOR PLAN

ZONING

M5 SPECIAL INDUSTRIAL DISTRICT

An Expansive Indusrial Zoning District – The Most Available Intensive Use in Detroit

Description: This district is composed primarily of property located deep within other industrial districts and indicates areas within the City of Detroit which are best suited for development with intensive uses and are or can be objectionable or hazardous. Inasmuch as this district also permits less intensive industrial uses, the potentially objectionable or hazardous uses are placed under the "Conditional" category in order to guarantee a review of their operating characteristics to ensure that other industrial uses will not be unduly injured by the establishment of a potentially objectionable use in the same area. Even though some of these objectionable or hazardous uses may also be permitted in other districts, every attempt will be made to assure their location in an M5 District. Uses permitted by right public, civic, institutional uses… (1) Electric transformer station (2) Gas regulator station (3) Power or heating plant with fuel storage on site (4) Steam generating plant (5) Telephone exchange building (6) Water works, reservoir, pumping station, or filtration plant Uses permited by right retail, service, and commercial uses… (1) Automated Teller Machine not accessory to another use on the same zoning lot, which is stand-alone, with or without drive-up or drive-through facilities (2) Motor vehicle filling station (3) Motor vehicle services, minor (4) Motor vehicle washing and steam cleaning (5) Motor vehicles, new, storage lot accessory to a salesroom or sales lot for new motor vehicles (6) Parking lots or parking areas for operable private passenger vehicles (7) Parking structure (8) Taxicab dispatch and/or storage facility Uses permited by right manufacturing and industrial uses… (1) Bailing of waste paper or rags (2) Blueprinting shop (3) Boiler repairing (4) Chemical materials blending or compounding but not involving chemicals manufacturing (5) Cold storage plant (6) Confection manufacture (7) Construction equipment, agricultural implements, and other heavy equipment

repair or service (8) Containerized freight yard (9) Contractor yard, landscape or construction (10) Dental products, surgical, or optical goods manufacture (11) Elevators, grain (12) Feed or grain mill (13) Food catering establishment (14) General: High/medium-impact manufacturing or processing (15) General: High-impact manufacturing or processing (16) General: Low/medium-impact manufacturing or processing (17) General: Low-impact manufacturing or processing (18) Ice manufacture (19) Intermodal freight terminal (20) Jewelry manufacture (21) Laundry, industrial (22) Lithographing and sign shops (23) Lumber yard (24) Machine shop (25) Newspaper, daily, publishing or printing (26) Outdoor operations of permitted land uses specified in the Manufacturing and Production use category (27) Outdoor storage yards (28) Railroad transfer or storage tracks (29) Research or testing laboratory (30) Sewage disposal plant (31) Steel warehousing (32) Tank storage of bulk oil or gasoline (33) Toiletries or cosmetic manufacturing (34) Tool sharpening or grinding (35) Tool, die, and gauge manufacturing, small items (36) Trade services, general (37) Trucking terminals, transfer buildings, truck garages, recreational vehicle storage lots, and open areas for the parking of operable commercial vehicles, other than limousines and taxicabs, semi-trailers, and/or buses (38) Vending machine commissary (39) Wearing apparel manufacturing (40) Welding shops (41) Wholesaling, warehousing, storage buildings, or public storage houses Uses permited by right other uses... (1) Adult use/sexually oriented business (2) Aircraft landing areas for winged aircraft (3) Antennas (4) Aquaculture (5) Aquaponics (6) Boat or ship yard, construction, repair, maintenance, dry dock (7) Boat terminal, passenger

(8) Docks, waterway shipping/freighters (9) Farmers market Conditional uses... (10) Greenhouse (11) Hoophouse (12) Hydroponics (13) Marinas (14) Railroad right-of-way, not including storage tracks, yards, or buildings (15) Signs 16) Telecommunications building, private Conditional public, civic, and institutional uses... (1) Race track, motor vehicle Conditional retail, service, and commercial uses… (1) (Repealed) (2) Firearms target practice range, indoor (3) Motor vehicle filling station (4) Motor vehicle services, major (5) Motor vehicles, used, storage lot accessory to salesroom or sales lot for used motor vehicles Conditional manufacturing and industrial uses… (1) Abattoir, slaughter house (2) Explosives storage (3) Garbage, offal, or dead animal reduction (4) General: Very high-impact manufacturing or processing as defined in Sec. 61-16- 201 of this Code (5) Hazardous waste facility (6) Incinerator plant (7) Junkyard (8) Outdoor operations of permitted land uses specified in the Manufacturing and Production use category (9) (Repealed) (10) Radioactive waste handling (11) Recycling center (12) Rendering plant (13) Salt works (14) Scrap tire storage, processing, or recycling facility (15) Tires, used, sales and/or service (16) Towing service storage yard (17) Transfer station for garbage, refuse, or rubbish (18) Truck stop

(19) Used auto parts sales (20) Waste/scrap materials: indoor storage, handling, transfer Conditional other uses… (1) Ferry terminal (2) Heliports (3) Signs (4) Urban farm (5) Urban garden

WCCJC LAND PARCEL OVERLAY

The Riopelle site is located east of the future Wayne County Justice Complex, presently the Detroit Department of Transportation (“WCCJC”). The WCCJC will be home to Wayne County’s criminal court system; including, its county jail, juvenile detention facility, prosecutor’s office and sheriff’s office. The WCCJC is scheduled to be completed by 2022. The total development cost is approximately $533M. The WCCJC is scheduled to begin demolition & construction of the WCCJC in October 2018. A copy of WCCJC renderings is included herein. Presently, over 1,000 people, including jurors, attorneys and members of the public, pass through security at the current Wayne County Court on a daily basis, and those numbers are expected to increase at WCCJC, given the addition of the juvenile detention facility. WCCJC land parcel is in red and the Riopelle site is in yellow below.

WCCJC RENDERINGS

New WCCJC rendering at the southwest corner of Rusell St. & Ferry St. Riopelle site (red shading above) is located 1 block south, directly across the courthouse plaza at Rusell St. & E. Kirby Ave.

New WCCJC rendering of east building courthouse fascade – facing Russell St. & E. Kirby Ave.

WCCJC rendering of courthouse plaza at Russell St. & E. Kirby Ave.