Airport Plaza th Avenue. Oakland, CA. Asking Price: $5,750,000. Cap Rate: 9.72% 100% Leased with 3 National Credit Tenants

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1 Airport Plaza th Avenue Oakland, CA Asking Price: $5,750,000 Cap Rate: 9.72% 100% Leased with 3 National Credit Tenants Major Throroughfare from I-880 to Oakland Airport The information contained herein has been obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee that this information is accurate. Buyer should conduct its own due diligence to

2 Airport Plaza th Avenue, Oakland, CA Property Description: Airport Plaza presents the rare opportunity to purchase leasehold interest in a retail center with national tenants at an A+ location signalized intersection on the main thoroughfare to the Oakland International Airport. The offering includes five national tenants: Chevron/C-Store, Starbucks, Wendy s, Subway, Clear Channel, and a franchise restaurant (Royal Kitchen). Value Add Component: There is an opportunity to lease a second billboard on the east side of the property for an estimated $1,500 to $3,000 per month in rent. Location Description: Located along 98 th Avenue in Oakland, Airport Plaza is ideally situated between I-880 and the Oakland International Airport. With a convenient mix of gas station/c-store and fast food/service, this center enjoys a constant stream of traffic. Proposed Sale: Asking Price: $5,750,000 Cap Rate: 9.72% Approximate Square Feet: 10,287 Occupancy: 100% Pro Forma Base Rental Income: $853,472 Pro Forma CAM Reimbursements: $129,617 Pro Forma Gross Income: $983,089 Projected Expenses Insurance: $ 2,302 Janitorial: $ 14,400 Accounting: $ 4,400 Landscaping: $ 10,200 Utilities: $ 18,315 Repairs/Maintenance/Misc: $ 6,200 Security: $ 34,812 Real Estate Taxes: $ 41,610 Total Reimbursable Expenses: $ 132,239 Ground Lease Payments: ($291,845) Estimated year 1 post closing Projected NOI: $ 559,005

3 Airport Plaza Rent Roll Tenant: Chevron Oil Company (Corporate Lease with Chevron USA, Inc.) Building Size: Term: Option: 2,200 SF 10 Years Two 6 Years Lease start: July 08, 2008 Lease Expire: July 07, 2018 Note: Option will be exercised prior to closing Rent Increase: $41, NNN Annual CPI adjusted every 3 years Tenant: Wendy s (franchise operator) Building Size: Terms: Option: 2,105 SF 10 Years 4-5 Year options Lease start: February 10, 2008 Lease Expire: February 09, 2023 (Tenant just exercised the 1 st 5 year option) Years Current $5, NN 2/2018-1/2023 $5, NN 2 nd option $6, NN 3 rd option $6, NN 4 th option $7, NN Tenant: Subway (franchise operator) Building SF: 1,200 Terms: 10 Years Option: Three 5 Years Lease start: June 15, 2008 Lease Expire: June 14, 2018 Note: Option will be exercised prior to closing Rent Increase: $4,697 NNN 3% each year

4 Tenant: Starbucks (corporate lease) Building Size: 1,582 SF Terms: 10 Years NNN Option: Four 5 Years Lease start: January 03, 2009 Lease Expire: January 2, 2019 Years 1-5 $3, $4, $4, $5, $5, $6,375 Tenant: Clear Channel (Billboard) (corporate lease) Terms: 15 Years Option: 2-5 Year options Lease start: September 10, 2010 Lease Expire: September 09, 2025 $5,970 Rent Increase: 3% increase every year, next increase November 2017 Tenant: Royal Kitchen Indian Restaurant (franchise operator) Building Size: 2,800 Terms: 5 Years Lease start: March 2017 Lease Expire: February 2022 Options: $7, NNN 3-5 year options with 5% rent increases. ``

5 Ground Leases Term: Approximately 21 years remaining including options. Current Annual Rent: $275,325 New Rent at closing: $291,845 Rent Increases: Annual CPI adjusted every 5 years with an annual floor of 4% and an annual cap of 6%. Next increase July, st Right of Refusal: Leasehold owner has first right of refusal to purchase the land.

6 The information contained herein has been obtained from sources that we deem reliable. We have no reason to doubt its

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9 For Further Information Please Contact: Tom Schonher LMT Investment Company