INDUSTRIAL CONDOS AVAILABLE FOR LEASE | Q3 2026 GROUNDBREAKING Smithson Valley Business Park offers 1,300-12,040 SF industrial/flex units in a supply-constrained corridor. First building leased-groundbreaking confirmed for Q3 2026. LEASE TERMS Rate: $12.50-$20/SF NNN (varies by unit size and tenant improvement structure) NNN: $2.50/SF (estimated CAM, taxes, insurance) Total Occupancy Cost: $15.00-$22.50/SF annually Term: 60-120 months Escalations: 3% annually Free Rent: Up to 60 days during build-out to occupancy 5+ year leases: Free rent incentive (terms vary by lease length) 10-year lease: Up to 6 months free rent (front-loaded) Delivery: Whitebox, build-to-suit, or turnkey (TI cost amortized into rate) Occupancy: Q4 2026 (7 months post-groundbreaking) HOW RATES WORK $12.50/SF NNN: Tenant provides own improvements (whitebox delivery) $20/SF NNN: Landlord provides build-to-suit improvements (cost amortized over lease term) SPECIFICATIONS 20' clear ceiling heights 14'×14' drive-through doors 3-phase power available, individually metered utilities Polished concrete floors, LED lighting, private restrooms 24/7/365 access, wide paved aisles 282 parking spaces (3.2 spaces per 1,000 SF—highest ratio in market) FLEXIBLE SIZING Minimum lease: 1,300 SF (no subdivision below this threshold) Combine adjacent units for larger requirements TARGET USES Industrial/flex applications: warehouse, light manufacturing, distribution, contractor operations, equipment storage, office/warehouse combinations. No water-intensive processes. LOCATION ADVANTAGE FM 3159 at FM 311, Spring Branch. HWY 46 access (58,628 VPD). Minutes to HWY 281 (Bulverde corridor), I-35 (New Braunfels), I-10 (Boerne). MARKET CONTEXT Limited competing new industrial inventory in Bulverde/Spring Branch corridor. Closest alternative: 1900 Business Park (different location/pricing). Supply-constrained market supports strong lease rates and low vacancy. DEVELOPER Field Construction. Q2 2026 groundbreaking confirmed. 7-month delivery timeline.