7975 & 7955 RAYTHEON ROAD SAN DIEGO, CA 92111

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1 FOR SALE Kearny Mesa Office & Flex Leased Investment 7975 & 7955 RAYTHEON ROAD SAN DIEGO, CA TOM WILCOX Senior Vice President Lic No Dir JACK DUNCAN Sean Doyle, Associates Lic No Dir COLLIERS INTERNATIONAL 4350 La Jolla Village Drive Suite 500 San Diego, CA colliers.com/sandiego

2 EXECUTIVE SUMMARY 7955 & 7975 Raytheon Road, San Diego is centrally located in the Kearny Mesa submarket and consists of office and flex space totaling approximately 18,554 square feet. 40% of the Project is first floor flex space with nine separate units and 60% of the Project is office space. The office space is located on grade at the 7955 Building and on the second floor of the 7975 Building. The entire Project is currently 100% leased. With a th Quarter vacancy rate for flex/industrial space in Kearny Mesa standing at only 3.5%, the new owner will likely be able to achieve upside in rents on roll over. The th Quarter vacancy rate for office space in Kearny Mesa stands at a low 7.5%. With strong demand, the low vacancy rates and with in place rents below market, an investor will be in a value add position. The Property is close to several freeways, including I-805, I-15 and State Highways 52 and 163. There are walkable retail and food amenities close by. Kearny Mesa has been a center of employment in San Diego County for many years. 2 Available for Sale 7975 & 7955 RAYTHEON ROAD

3 PROPERTY DETAILS > > LOCATION: 7955 & 7975 Raytheon Road, San Diego, California > > SQUARE FOOTAGE: ±18,554 SF > > LOT SIZE: ±.88 acres (±38,332 SF) > > NO. OF TENANTS: 5 Office/8 Flex > > YEAR BUILT: 1989 > > PARKING SURFACE: Concrete > > FAR:.51 > > SPRINKLERS: Yes > > HVAC: 100% HVAC in both office and flex > > NO. OF STORIES: 2 (7975 Building) > > NO. OF STORIES: 1 (7955 Building) > > NO. OF PARKING SPACES: 45 > > ZONING: City of San Diego IL-2-1 > > APN: > > CONSTRUCTION: Wood frame and stucco > > LOADING DOORS: 5 metal rear loading (10 x10 ) and 4 front loading glass (10 x10 ) > > SALE PRICE: $3,150,000 *PLEASE DO NOT DISTURB TENANTS 3 Available for Sale 7975 & 7955 RAYTHEON ROAD

4 SITE PLAN 7975 Office over flex 2-story 7975 Office over flex 2-story 7955 Office LEASED SHIPPING DOORS LEASED LEASED LEASED RAYTHEON ROAD 4 Available for Sale 7975 & 7955 RAYTHEON ROAD

5 5 Available for Sale 7975 & 7955 RAYTHEON ROAD PARCEL MAP

6 SURROUNDING AREA C L A I R E M O N T M E S A B L V D R AY T H E O N R D SITE MERCURY ST C O N V O Y S T B A L B O A AV E MONTGOMERY FIELD 6 Available for Sale 7975 & 7955 RAYTHEON ROAD

7 O POWAY DEL MAR STRATEGIC REGIONAL LOCATION MIRAMAR SCRIPPS RANCH 7975 & 7955 RAYTHEON RD LAKESIDE SANTEE 8 MINUTES TO UNIVERSITY TOWN CENTER LA JOLLA CLAIREMONT KEARNY MESA TIERRASANTA 10 MINUTES TO DOWNTOWN SAN DIEGO P A MISSION BAY EL CAJON 15 MINUTES TO EAST COUNTY C I F I San Diego International Airport POINT LOMA DOWNTOWN SAN DIEGO LEMON GROVE SPRING VALLEY 30 MINUTES C CORONADO TO U.S. - MEXICO BORDER San Diego Bay BONITA 20 MINUTES TO LA JOLLA/DEL MAR C E CHULA VISTA EASTLAKE 15 MINUTES N A TO RANCHO BERNARDO 7 Available for Sale 7975 & 7955 RAYTHEON ROAD IMPERIAL BEACH UNITED STATES OTAY MESA

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9 FINANCIAL OVERVIEW CURRENT RENT ROLL Bldg. Suite RSF Monthly Rent Rate/SF Annual Rent Commencement Expiration Annual Increases Renewal Option(s) Lease Type 7955 A 2,274 $4,093 $1.80 $49,118 06/ /30/2022 3% 2 Modified Gross 7955 B 1,726 $2,848 $1.65 $34,176 12/ /14/2020 3% 0 Modified Gross $1,069 $1.29 $12,824 03/ /28/2020 3% 0 Modified Gross $1,046 $1.25 $12,552 07/ /31/2020 3% 0 Modified Gross $650 $0.79 $7,800 N/A MO TO MO N/A 0 Modified Gross ,185 $2,551 $1.17 $30,607 04/ /31/2019 2% 0 Modified Gross $979 $1.29 $11,748 08/ /30/2019 3% 0 Modified Gross $951 $1.49 $11,424 11/ /31/2020 4% 0 Modified Gross $850 $1.05 $10,200 10/ /31/2019 3% 0 Modified Gross ,084 $4,626 $1.50 $55,512 04/ /31/2020 3% 0 Modified Gross ,584 $1,917 $1.21 $23,000 01/ /28/2021 3% 0 Modified Gross ,376 $1,782 $0.75 $21,384 08/ /31/2018 N/A 0 Modified Gross INCOME EXPENSE ANALYSIS Current Gross Income Month: $23,362 Annual: $280,344 Adjusted Gross (3% vacant): $271,934 Current Expenses Taxes: $35,596 Insurance: $8,537 Landscaping Maintenance: $2,500 Electric: $1,500 Professional Fees: $1,672 Repairs & Maintenance: $26,587 Rent Expense: $2,203 Telephone: $2,436 Water: $4,186 Trash: $8,741 Total Expenses $93,958 NOI $177,976 9 Available for Sale 7975 & 7955 RAYTHEON ROAD

10 TOM WILCOX Senior Vice President Lic No Dir JACK DUNCAN Sean Doyle, Associates Lic No Dir COLLIERS INTERNATIONAL 4350 La Jolla Village Drive Suite 500 San Diego, CA colliers.com/sandiego This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved