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ProLogis Pond,Robinson&Associates,LP <br /> Patterson Pass Business Park#6-Tracy,CA Project No.051928 <br /> February 2005 Page 5 <br /> SUMMARY STATEMENT <br /> The overall condition of the subject facility and associated site improvements appeared to be <br /> average based on our site observations, our interviews of property personnel and other persons <br /> with knowledge of the facility. Items requiring deferred maintenance or remedial repairs were <br /> identified. Other work items are anticipated based on the future condition of the materials and <br /> building systems in use at the facility. A detailed listing of the recommended work items is <br /> presented in Sections 2.0-A and 2.0-13. Items identified as requiring action are identified as either <br /> "Current Work Items"(Year 1) or"Anticipated Work Items" (Years 2 through 10). Selected <br /> work and/or capital expenditure items that normally are the tenant's responsibility and selected <br /> maintenance items are presented in Section 2.0-C. <br /> Current Work Items: (Maintenance)$0 <br /> Anticipated Work Items: $104,500 <br /> Total Over the Term(2005 Dollars): $104,500 <br />