OFFERING MEMORANDUM 999 MEDICAL OFFICE ~14,000 SF MEDICAL OFFICE FOR SALE 999 N. TUSTIN AVE., SANTA ANA

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1 OFFERING MEMORANDUM 999 MEDICAL OFFICE ~14,000 SF MEDICAL OFFICE FOR SALE 999 N. TUSTIN AVE., SANTA ANA

2 999 Medical Office CONTENTS 01 Executive Summary Executive Summary 4 Location Summary 5 02 Property Description Property Features 7 Aerial Map 8 Aerial Map Macro 9 Diamond Medical Floor Plan 10 OCD Floor Plan 11 Property Images Rent Roll Rent Roll Details 17 Lease Expiration 18 Tenant Profile Financial Analysis Income & Expense Analysis 21 Exclusively Listed By John Gessford Lic: jgessford@gmail.com We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

3 999 Medical Office Executive Summary Executive Summary Offering Summary Location Summary 999 MEDICAL OFFICE

4 999 Medical Office Executive Summary 04 OFFERING SUMMARY ADDRESS COUNTY 999 N. Tustin Ave. Santa Ana CA Orange NET RENTABLE AREA (SF) 13,974 YEAR BUILT 1982 APN Multiple, see page 8 MAJOR TENANT/S OWNERSHIP TYPE FINANCIAL SUMMARY OC Diagnostics Fee Simple OFFERING PRICE $4,980,000 PRICE PSF $ OCCUPANCY 100 % 9,560 SF can be made vacant at COE DEMOGRAPHICS 1 MILE 3 MILE 5 MILE 2016 Population 22, , , Median HH Income $62,485 $61,832 $73, Average HH Income $84,008 $88,587 $101,693 Owner/User Potential 4,033 to 9,560 SF Located Next to OC Global Medical Center Hospital Ample Parking 5:1,000 Ratio Synergistic Tenant OC Diagnostics Rental Income Upside Potential (DDM's rent is below market) OC Diagnostics - Long Term Lease w/ 3% annual increases First Team Commercial is proud to offer 11 contiguous medical office condos, currently occupied by three tenants. Visually feels like two spaces. The Buyer may utilize up to 9,560 SF and enjoy rental income of $129,000 per year from OC Diagnostics. OC Diagnostics, a state of the art diagnostic radiology center has invested over one million dollars into their space and has a long-term lease in place with 3% annual increases. Orange County Global Medical Center (adjacent to subject property) sends their patients to this radiology center. Seller will Guarantee Rent for 12 months for 100% Occupancy

5 999 Medical Office Location Summary 05 Located on the Orange County Global Medical Center campus, the 10th largest hospital in Orange County in terms of employment with 1,347 employees. The Santa Ana sub-market boasts one of the lowest medical office vacancy rates in all of Southern California at 9% Medical Office Rents today are 30% below peak rates and are poised to grow into the foreseeable future since there is little to no medical office construction, occupancy rates are improving and growth in Southern California' s overall population and aging senior population is increasing. Synergistic location with easy access for doctors and patients between the hospital and building Freeway Frontage along the 55 Freeway. Excellent Freeway Access via two four way interchanges at both Fourth Street and Seventeenth Street to the 55, 22, and 5 freeways providing tenants easy access to the greater Orange County market. Regional Map Ideal medical office amenity base within 2 miles of 2 hotels, 2 health clubs, 7 grocery stores, 11 banks, 3 pharmacies, and 45 restaurants. Tremendous medical office demographics. Within 5 miles of 630,201 people with an average household income of $65,834 * In the last year, Downtown Santa Ana has started to undergo changes along 4th Street including a $5 million renovation bringing new restaurants and retailers to the neighborhood. Locator Map Within a 5 minute drive of Main Place Mall, The Outlets of Orange, a Simon Mall Outlet Center and Tustin Marketplace. Within a radius of 10 miles of the city are several of California' s most popular tourist attractions, such as Disneyland, Knott' s Berry Farm, Angel Stadium, Honda Center, John Wayne Airport and Southern California beaches.

6 999 Medical Office Property Description Property Description Property Features Aerial Map Parcel Map Additional Maps Property Images 999 MEDICAL OFFICE

7 999 Medical Office Property Features 07 Site Description NUMBER OF TENANTS 3 NET RENTABLE AREA (SF) 13,974 LAND ACRES (ENTIRE PARCEL) 3.11 YEAR BUILT 1982 # OF PARCELS 11 ZONING USE CODE ADA COMPLIANT PARKING RATIO PARKING VALIDATION AVAILABLE general commercial Yes 5:1,000 SF Yes PARCEL NO. UNIT PARCEL NO. UNIT PARCEL NO. UNIT PARCEL NO. UNIT PARCEL NO. UNIT PARCEL NO. UNIT PARCEL NO. UNIT PARCEL NO. UNIT TENANT INFORMATION MAJOR TENANT/S OC Diagnostics NEIGHBORING PROPERTIES NORTH SOUTH EAST WEST UNIT BREAKDOWN OC DIAGNOSTICS DIAMOND MEDICAL DR. MORCOS OC Global Medical Center Office Residential Calvaryu Church of Santa Ana 4,394 SF ~5,770 SF ~4,033 SF

8 999 Medical Office Aerial Map 08

9 999 Medical Office Aerial Map Macro 09

10 999 Medical Office Diamond Medical Floor Plan 10

11 999 Medical Office OCD Floor Plan 11

12 999 Medical Office Property Images 12 OC Diagnostics

13 999 Medical Office Property Images 13 OC Diagnostics

14 999 Medical Office Property Images 14 OC Diagnostics

15 999 Medical Office Property Images 15 OC Diagnostics

16 999 Medical Office Rent Roll Rent Roll Rent Roll Details Lease Expiration Summary Tenant Profile 999 MEDICAL OFFICE

17 999 Medical Office Rent Roll Details 17 Suite Tenant Name Square Feet Lease Term Rental Rates % of NRA Lease Start Lease End Begin Date Monthly Base Rent Monthly PSF Annual Base Rent Annual PSF Lease Type Options/Notes OC Diagnostics 4, % 11/01/12 02/28/22 CURRENT $10,815 $2.40 $129,780 $28.86 MG OCD has their own generator which covers their electricity use. 3% annual increases. 12/01/2019 $11,139 $2.48 $133,673 12/01/2021 $11,474 $2.55 $137, Dr. Morcos 4, % 07/25/16 10/31/17 CURRENT $9,074 $2.25 $108,891 $27.00 MG Seller's unit. Seller will guarantee the rent for 12 months. OR this space can be made vacant upon Buyer's request Diamond Medical MGT. 5, % 01/01/07 12/31/17 CURRENT $11,000 $1.94 $132,000 $23.29 MG currently month to month tenancy. This space should be $2.25/SF MG ($153,012 per year). Totals 14,197 $30,889 $370,671 Diamond Medical has expressed interest in a long term lease. Notes: Diamond Medical and OCD currently not paying a CAM Fee. Dr. Marcos will sign a one year lease.

18 999 Medical Office Lease Expiration 18

19 999 Medical Office Tenant Profile 19 Trade Name Orange County Diagnostics Headquartered Laguna Woods Website # of Locations 3 Description Orange County Diagnostics has provided quality imaging, reporting and patient satisfaction since Located in the cities of Laguna Woods, Mission Viejo, and Santa Ana. Diagnostic and Interventional Radiology Service Biopsies Breast & Body Bone Density DEXA & CT Digital Mammography, etc... Trade Name Diamond Medical Management Headquartered Santa Ana CA Website diamondmedicalmanagement.com # of Locations One Description Diamond Medical Management is a reputable medical-legal network with an exceptional record and long list of clients. The increasingly complex legal environment is best served by bringing together lawyers with specialized medical professionals working as a unified team. This belief has enabled Diamond Medical Management to become one of the largest and most trusted medicallegal networks in California. As a client coming to Diamond Medical Management, you have a unique legal need that will be matched to one of our experienced physicians/ By combining best-in-practice medicine with our professional administrative staff and environment, we ve set the bar for meeting and exceeding your legal needs and experience.

20 999 Medical Office Financial Analysis Financial Analysis Income & Expense 999 MEDICAL OFFICE

21 999 Medical Office Income & Expense Analysis 21 REVENUE ALLOCATION INCOME CURRENT STABILIZED Gross Revenue $363,699 $372,612 Gross Potential Income $363,699 $372,612 Effective Gross Income $363,699 $372,612 Less: Expenses $123,370 $122,366 Net Operating Income $240,329 $250,246 Income Notes: Seller will guarantee rent on his space for 12 months. DISTRIBUTION OF EXPENSES EXPENSES CURRENT STABILIZED Real Estate Taxes $48,150 $48,150 Association Dues $75,220 $68,216 Utilities $6,000 Total Operating Expense $123,370 $122,366 Expense / SF $8.82 $8.75 % of EGI % % Expense Notes: Insurance, water and sewer, common area, roof are covered by the association. Each tenant pays their own janitorial. Landlord currently gets electricity via OCD (Tenant). In escrow, Seller will install separate meters. Estimated monthly electric cost will be approximately $500/mo.

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