Presented Exclusively by Sprague Real Estate Group, Inc. Ron Sprague Derek Sprague, CCIM Phone: (661) Fax: (661)

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1 Stockdale Highway, Bakersfield, CA Stockdale Highway is a multi-tenant office complex located along a busy corridor in the southwest area of Bakersfield, CA. Two buildings totaling approximately 9,415 square feet are improved for professional office use on nearly an acre of land. The property is partially occupied by two tenant s, making it an excellent opportunity for an owner-user or an investor looking for a value added opportunity. The Stockdale Highway corridor is improved with dozens of office and retail developments within a mile of the Property Stockdale is additionally improved with unique exterior features, mature landscaping and break areas, and plenty of on-site parking. Presented Exclusively by Sprague Real Estate Group, Inc. Ron Sprague Commercial, Agricultural, Industrial, and Land SALES LEASING MANAGEMENT 3400 Unicorn Road Suite 109, Bakersfield, CA Phone: (661) Fax: (661)

2 Ron Sprague Assessor Parcel Numbers: & Location: Site: Improvements: Building Size: +/- 9,415 square feet Lot Size: +/- 42,358 square feet Property is located on Stockdale Highway in the Southwest Submarket and near the California Avenue business district of Bakersfield, CA. The area features several office developments and grocery-anchored retail centers featuring tenants such as Aldi, Smart & Final, In-N-Out, Chipotle, and Starbucks. In addition, Stockdale Highway is a high traffic location boasting traffic counts estimated by MPSI over 33,000 in The location is also within a quarter mile of the planned Centennial Corridor infrastructure improvements. For more information about the Thomas Roads Improvement Program and the Centennial Corridor, visit Property consists of approximately 42,358 square foot across two parcels and an easement with three driveway access points along Stockdale Highway. Two monument signs are installed along Stockdale Highway. The property also features mature landscaping and break areas that, upon further investigation, can potentially be developed into additional improvements. Property is physically improved with two buildings. The first building is an approximately 5,000 square foot two-story stucco and wood frame office building with three separate suites. The second building is an approximately 4,415 square foot single story stucco and wood frame office building that has been divided into two separate suites. The building is additionally improved with a walk-in safe and super secret basement storage. All suites have been improved for professional office uses with a mix of private offices, conference rooms, and open work space. The buildings were constructed around The building exterior has been improved with dramatic arches and custom features giving it a one-of-a-kind look.

3 Ron Sprague Assessor Parcel Numbers: & Governance: Tenants: Pro-Forma Financial Estimate: Additional Information: Price: Contact: Building Size: +/- 9,415 square feet Lot Size: +/- 42,358 square feet Property is located within the City of Bakersfield. Property is zoned C-O Professional and Administrative Office allowing for a variety of commercial and industrial uses. Property is approximately 45% occupied by two tenants, an insurance business and a farm labor contractor. Potential Operating Income ($1.25/SF per Month) Less Vacancy (5%) -$7,061 A professional survey of the buildings for asbestos resulted in no detection of asbestos in a majority of the samples, and limited instances of primarily non-friable asbestos in some of the samples. Pro-Forma Financial Estimate is a projection of the potential performance of the property and not the actual financial performance of the property. $795,000 Total $84.44 per Square Foot Pro-Forma Estimated Capitalization Rate: 10.97% Ron Sprague (CA BRE# ) (CA BRE# ) California Real Estate $141,225 per Year Gross Operating Income $134,163 Less Estimated Expenses (35%) -$46,957 Net Operating Income $87,206

4 Ron Sprague DISCLAIMER NOTICE TO BUYER PLEASE READ CAREFULLY! By Prospective Buyers' acceptance of information regarding certain real property offered for sale and/or lease ("Property"), from the Seller/Landlord of such Property and/or from Sprague Real Estate Group, Inc., including any individual acting on its or Seller's behalf ("Sprague Real Estate Group"), hereby acknowledges, consents and agrees as follows: 1. A binding agreement to buy and sell the Property can only be made by the Seller's written acceptance of a written offer to purchase the Property. Until such an agreement is expressly accepted by Seller, Seller reserves the right, without any prior notice, to change the "asking price", or any other proposed terms of sale, or to withdraw the Property from the market. Seller is not bound to accept a full price offer. 2. All information obtained by Sprague Real Estate Group and provided to Prospective Buyers was obtained from sources believed to be reliable, however, neither Seller nor Sprague Real Estate Group make any representations or warranties, either express or implied, that the information provided is complete or accurate. Prospective Buyers are required, as a condition of purchasing the Property, to rely solely upon its own analysis, investigation and due diligence in making the decision to purchase the Property. Prospective Buyers agree not to rely on the information provided by Seller or by Sprague Real Estate Group in making such decision. 3. Prospective Buyers shall pursue its own independent investigation, perform its own "due diligence" inquiries, investigations and studies regarding all aspects of the Property, including, but not limited to, suitability for Prospective Buyers' purpose, value, zoning, entitlements, boundaries, encroachments, easements, condition of title, soils and geological conditions, existing laws, ordinances, codes and other applicable governmental regulations, and any pending or possible future revisions thereto, and hazardous substances. Prospective Buyers are advised to retain and consult with its own attorneys, accountants and experienced experts and consultants for such purposes. 4. No salesperson, Sprague Real Estate Group or other person has any authority, whatsoever, to make any representations, warranties or agreements, express or implied, for Seller, except those expressly set forth in writing in the acceptance, the Purchase and Sale Agreement and, where appropriate, a Final Subdivision Public Report for the Property. If any salesperson, Sprague Real Estate Group or other person has made or makes in the future, orally or in writing, any representation, warranty or agreement different from or in addition to those expressly set forth in writing in such documents, each and all such representations, warranties or agreements are unauthorized and shall be void and of no force or effect.

5 Ron Sprague Planned Centennial Corridor Over/ Underpass Infrastructure Improvements

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8 Ron Sprague City of Bakersfield Legend R-1: One Family Dwelling Zone R-2: Limited Multiple Family Dwelling Zone R-3: Multiple Family Dwelling Zone C-O: Professional and Administration Office Zone C-1: Neighborhood Commercial Zone C-2: Regional Commercial Zone P.C.D.: Planned Commercial Development Zone Dated As Of 3/6/17