Mission Valley

Unparalleled investment opportunity at the gateway to San Diego State University's upcoming Mission Valley Campus. Capitalize on "complete communities" incentives that offer a generous FAR of 4.0 on this prime 51,389 SF site (2 parcels), allowing for approx. 200,000 SF of buildable residential space in a location on the brink of a renaissance. 1/4 mile from the forthcoming SDSU Mission Valley Campus & within the “special attention area” Trolley Station Design District under the Mission Valley Community Plan, this site offers future residents an oasis of urban living, complete w/ quality jobs, immediate access to unrivaled retail & entertainment, as well as green spaces & mobility infrastructure that encourage healthy outdoor living. The SDSU Mission Valley Campus plan includes a River Park with 80+ acres of recreation & open spaces, bike & pedestrian paths, bridges & plazas; an expansive 95,000-SF retail hub w/ shopping, dining & entertainment; 1.6 million SF of research & innovation space; hotel & conference space; & Snapdragon Stadium, a hotspot for world-class sports events & musical performances. The existing office building & 7-Eleven generate stable, near-market rents, offering a financial cushion during the permitting process. Please see the Offering Memorandum for more details & 2 pro formas of potential development scenarios. Don’t miss your chance to benefit from SDSU’s & the City’s major investments in the revitalization of an area with already high rental demand, which will only continue to rise. This is an asset to keep in the portfolio for generations to come!

Welcome to Escala, a gated community! Enjoy this detached 2 bedroom + Den and 2 & 1/2 bathrooms home with attached 2-car garage, central hvac and all kitchen appliances. Private community offers tennis courts, gym and clubhouse with two pools and spa. Conveniently located near the trolley, trails, restaurant, shopping centers, beached and downtown. Strictly no pets.

ACTUAL NOI $295,095 PROFORMA NOI $277,067 PROFORMA CAP RATE 7.10% STABLE CASH FLOW Ideal Suites Sizes and Tenant Mix UPSIDE OPPORTUNITY “Mark to Market” Leasing Strategy Base Year Expense Recapture Enforcement ACCESSIBILITY Immediate Access to I-8 Via Texas Street Minutes to I-805, I-5, & I-15 LOCATION Excellent Central Location in the Heart of Mission Valley’s Abundant Amenities FREEWAY VISIBILITY I-8: 235,000 Vehicles Per Day Building Top Signage INTERNET/COMMUNICATIONS Fiber Connectivity: AT&T and Cox The subject offering represents a value-add opportunity for an investor to acquire a 100% leased multi-tenant office property with stable cash flow. The property is centrally located in the heart of Mission Valley’s abundant amenities and easily accessible from I-805, I-5, and I-15. The two-story building features ideal suite sizes and tenant mix, with a strong and steady rent roll. The fully leased property is a unique investment to capitalize on Mission Valley’s development Cooling: Central Forced Air Elec

• Bright professional offices with large windows and high ceilings • Medical use is allowed • High finishes include solid wood doors with natural finish • Very well maintained, in like-new condition • 5 allocated parking spaces of which 3 are reserved • 2 common area rest rooms on each floor • Modern, two-story building entry lobby • Elevator and open staircases • Central systems provide heat and cooling to all units • Separate electric meters for each unit • Separately controlled HVAC thermostats in each unit • Cox cable Internet and TV service to the building • Economically stable owners association with strong reserve fund • Low common area operating expenses of approximately $.51/SF per month covers heat, cooling, & water to units and common areas, property insurance, common area cleaning, lighting, landscaping, daily restroom cleaning, building maintenance and repairs, trash removal, and reserves for capital expenses. • Immediate access to I-8 connecting quickly to 805, 15, & 163

• High end professional office or medical condominium • Surrounded with large windows in all offices • Designed and constructed from shell in 2009 • Plumbing available for medical and dental use • High finishes include solid wood doors with natural finish, high quality carpet, built-in cupboards • Very well maintained, in like-new condition • Cat 5 internet wiring • Security system • Office furniture and telephone system available for purchase • Building renovated in 2007 • 5.0:1000 parking ratio with reserved and covered spaces • Two common area rest rooms on each floor • Modern, two-story building lobby • Elevator • Central systems provide heat and cooling to all units • Separate electric meter for each unit • Separately controlled air conditioning and heat in each unit • Cox cable Internet and television service • Economically stable owners association with strong reserve fund • Low COA expenses of approximately $.51/SF • Immediate access to I-8 connecting directly to I-5, I-805, I-15, & CA-163