293,800 SF MULTI-TENANT DISTRIBUTION PARK ON 68 YEAR GROUND LEASE $24,995,000 ($85 PSF) 7.6% IN-PLACE CAP RATE

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1 293,800 SF MULTI-TENANT DISTRIBUTION PARK ON 68 YEAR GROUND LEASE MIRA MESA $24,995,000 ($85 PSF) DISTRIBUTION CENTER 7.6% IN-PLACE CAP RATE

2 executive summary Cushman and Wakefield of California, Inc., as exclusive advisor, is pleased to present the opportunity to acquire the Mira Mesa Distribution Center (the Property ), a best-in-class multi-tenant distribution park representing San Diego s finest investment opportunity in its most innovative submarket, Sorrento Mesa. Comprised of three distribution buildings, the 293,800 square foot project features concrete tilt-up construction, well designed ingress/egress, efficient warehouse and office layouts, dock & grade loading and ample parking. Additionally, the Property is optimally located in the heart of Sorrento Mesa near the I-5, I-805 and I-15 freeways, providing access throughout San Diego County s various residential communities, San Diego International Airport, the Port of San Diego and the extensive amenity base that San Diego has to offer. TOTAL SQUARE FEET: 293,800 SF OCCUPANCY: 100% NUMBER OF TENANTS: Ten (10) ASKING PRICE: $24,995,000 PSF: $85.07 IN-PLACE CAP RATE: 7.60% The Property is 100% leased to a desirable and highly diversified tenant mix, together providing stable in-place income with attractive lease terms and a wellbalanced tenant rollover profile. Mira Mesa Distribution Center resides on a ground lease, which has approximately 68 years remaining. The Property also provides the potential for value enhancement through the lease-up of future availability, an advantageous position within the San Diego industrial market which continues to experience high tenant demand and strong rental rate growth. With outstanding quality tenants, prime location and historically strong market fundamentals, the Property represents an extremely rare opportunity to acquire a sizable multi-tenant distribution project in the Sorrento Mesa Submarket, one of the most desirable investment markets in San Diego. Use the link below to access: Offering Memorandum Argus File Ground Lease CLICK HERE

3 investment highlights DESIRABLE STRATEGIC LOCATION Located near the I-5, I-805 and I-15 freeways, the Property provides superb access to San Diego County s various residential communities, San Diego International Airport, and the Port of San Diego. The Property is also within close proximity to over a million square feet of retail amenities which include Green Flash and Karl Strauss Breweries, Starbucks and Hyatt Hotels. It is situated within the 11.7 million square foot Sorrento Mesa industrial submarket, a well-located market with quality real estate product and rising rents. Outstanding demand is driving up the submarket s asking rents, which averaged $1.48 NNN PSF/month in Q SYNERGY WITH CORPORATE NEIGHBORS Sorrento Mesa has rapidly become known as the technology hub of San Diego. Since 2010, approximately 2,800 jobs have been created in the tech/telecom sector. With a daytime population of over 29,000, Sorrento Mesa is home to a broad range of communications, technology and life science corporations including Google, Qualcomm, Novartis, Dexcom, Sony, NuVasive, and Verizon Wireless. VALUE ENHANCEMENT OPPORTUNITY With 23% of the Property s tenant profile set to roll by fiscal year end 2020, there is an excellent opportunity to enhance value via new or renewal deals done at current market rental rates. The opportunity to renew or re-tenant space at higher rates is particularly advantageous in Sorrento Mesa, where available space is extremely limited, rental rates are soaring and exceptional tenant demand is significantly reducing available space. Sorrento Mesa is well known for its high image, providing an investor the opportunity to reposition the park through exterior and interior improvements to the office and warehouse layouts, and creating additional on-site amenities. CRITICAL MASS OF HIGH QUALITY REAL ESTATE ASSETS Central San Diego is one of the most difficult markets in San Diego to acquire or develop new buildings as the area is essentially built-out and land costs are significantly higher than secondary markets. The lack of available land for new development poses a significant barrier to entry which is a benefit to Central San Diego landlords. Limited investment opportunities combined with strong tenant demand continues to drive rental rates upward in the industrial markets. Encompassing a sizable acres of land, the Property represents the rare opportunity for an investor to acquire a critical mass of real estate in a highly sought after market.

4 property summary ADDRESSES: 5960 Pacific Mesa Ct, 5985 & 5995 Pacific Center Blvd TOTAL SQUARE FEET: 293,800 Square Feet OCCUPANCY: 100% NUMBER OF TENANTS: Ten (10) LAND AREA: Acres (634,669 Square Feet) ASSESSOR'S PARCEL NUMBER: YEAR BUILT: 1989 CLEAR HEIGHT: 18'-28 STORIES: 1 Story ZONING: IL-2-1 PARKING RATIO: 1.19 / 1,000 Square Feet (349 Parking Stalls) GRADE LOADING: Eighteen (18) Grade Level Doors DOCK LOADING: Fifty-Five (55) Dock High Positions GROUND LEASE EXPIRATION: August 31, 2086 (Approximately 68 years)

5 san diego overview Del Mar Carmel Valley MIRA MESA DISTRIBUTION CENTER La jolla Torrey pines Sorrento Valley CARROLL CANYON FREEWAY EXTENSION PROJECT Sorrento Mesa UTC

6 key tenants ALERE NORTH AMERICA 104,313 SF 5995 Pacific Center Blvd, Ste Alere is a global leader in rapid point-of-care diagnostics. Alere s products and new product development efforts focus on infectious disease, cardiometabolic disease and toxicology. Being a leading developer of innovative diagnostic and monitoring devices allows Alere to improve care and lower healthcare costs for both providers and patients. STAPLES 41,900 SF 5995 Pacific Center Blvd, Ste Staples, Inc. is an American multinational office supply retailing corporation, with over 1,500 stores in North America. Staples sells supplies which include staples, office machines, promotional products, technology, and business services both in stores and online. DEXCOM 29,250 SF 5985 Pacific Center Blvd, Ste Dexcom, Inc. is a publicly-traded company that develops, manufactures and distributes continuous glucose monitoring systems to help patients and healthcare professionals better manage diabetes. PACIRA 20,850 SF 5995 Pacific Center Blvd, Ste 103 Pacira Pharmaceuticals, Inc. is a publicly-traded specialty pharmaceutical company focused on the development, commercialization and manufacture of new pharmaceutical products, based on its proprietary DepoFoam drug delivery technology, for use in hospitals and ambulatory surgery centers.

7 tenant map Dexcom 29,250 SF Pacira Pharmaceuticals 20,850 SF Alere 104,313 SF ACI/SD-UT 31,653 SF Republic Master Chef 10,960 SF Bimbo Bakeries 17,840 SF Staples 41,900 SF Port Plastics 9,500 SF Quantum Design 19,675 SF Same Day 7,859 SF

8 contact For more information, please contact one of the advisors below or visit the property listing page on Real Capital Markets using the link below: CLICK HERE EXCLUSIVE ADVISORS MARKET ADVISORS DEBT ADVISOR BRYCE ABERG, SIOR JEFF CHIATE DEAN ASARO BEN SCHWARTZ CA Lic CA Lic CA Lic CA Lic JEFF COLE CA Lic ED HERNANDEZ CA Lic BRANT ABERG, SIOR CA Lic FINANCIAL ANALYST STEVEN HILDEBRAND CA Lic