COURTYARD II. Mira Mesa BLVD FOR SALE OR LEASE. San Diego, CA 92121

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1 COURTYARD II FOR SALE OR LEASE San Diego, CA 92121

2 INVESTMENT PROFESSIONALS LEASE RATE: $2.0 + ELECTRICITY & JANITORIAL Sale Contacts Matt Pourcho Lic matt.pourcho@cbre.com Doug Mack Lic doug.mack@cbre.com Leasing Contacts Scott Kincaid Lic scott.kincaid@cbre.com SALE PRICE: $9,100,000 ($239/PSF) Krista Kirksey Lic krista.kirksey@cbre.com INVESTMENT HIGHLIGHTS Rare Owner/User Office Building For Sale or Lease. wo story building with excellent floor-plate efficiency and T flexibility that allows for a multitude of use possibilities including administrative, life science, R&D, and corporate HQ. Excellent curb appeal with best in class construction. Above standard 4/1000 parking ratio (all full size spaces). Prominent building top signage fronting Blvd. Flexible medical and office zoning. MTS Transit bus stop located in front of the building with quick access to the Sorrento Valley Coaster Station. Financing Contact Strategic Central San Diego Location Jim Hatch Lic jim.hatch@cbre.com orner location fronting Blvd, Sorrento s most C active thoroughfare connecting San Diego s two largest freeways, I-80 and I-1, which allow commuters to access San Diego County s north, south, east and central submarkets. The submarket of Sorrento appeals to a wide variety of tenants given the proximity to housing, amenities and other prominent, large corporations such as Google, QUALCOMM, Cardinal Health, Sony, USC, TD Ameritrade, Samsung, Hologic, Dexcom, AT&T and Time Warner Cable. Priced at $9,100,000 ($239 PSF), Significantly Below the Estimated Replacement Cost of $13,24,9 ($3/psf).

3 FEATURES Building Size = 3,991 SF Lease Rate: $2.0 + E&J Sales Price: $9,100,000 ($239/PSF) Parking Ratio: 4/1,000 Two-story mulit-tenant office building located in Sorrento Building and monument signage available Professional, local management and ownership Excellent visibility from Blvd Fiber providers: AT&T and Cox Showers onsite Transit Oriented Development Private patios select suites Low Core Factor 1st Floor 8.% 2nd Floor.9%

4 COURTYARD II SITE PLAN M I R A M E S A B L V D BUS STOP San Diego, CA S T E A D M A N S T W A P L E S S T W E A T H E R S P L

5 COURTYARD II AVAILABILITY FIRST FLOOR San Diego, CA SUITE 10 Vacant 9,443 SF (divisible to ± 2,000 SF) SUITE 100 Vacant 9,298 SF Common Area

6 AVAILABILITY SECOND FLOOR COURTYARD II San Diego, CA SUITE 20 Vacant 9,90 SF SUITE Days 4,322 SF SUITE Days,23 SF Common Area

7 AREA AMENITIES Sorrento Valley Station TO EAST 9.1 MILES LE Y 12 SOR R E AL OV NT PERSONAL SERVICES/ SHOPPING 1 Plaza Sorrento 2 Premier Athletic & Squash Club 3 Sorrento Canyon Golf Center 4 Sorrento Court Sorrento Crossroads Sorrento Valley Racquetball Bally Total Fitness 8 L.A. Fitness BUSINESS SERVICES 1 Staples 2 Federal Express 3 International Office Supply VD BL Logos Mail Boxes Etc. Micro City Minuteman Press Pacbell Purchase Store Self Storage Self Storage Holiday Inn Express - Sorrento Valley Staybridge Suites By Holiday Inn BANKS 1 Bank Of America 2 Mission Federal Credit Union 3 San Diego County Credit Union HOTEL / TRAVEL 1 Courtyard By Marriott 2 Homestead Village 3 Residence Inn By Marriott 4 Hyatt Summerfield Suites Wyndham Garden Hotel RESTAURANTS 1 8 Elements 2 Centerpark Cafe 3 Chili's 4 Wich Addiction Cornerstone Cafe Karl Strauss Oberlin Deli Plaza Sorrento Food Court (1 Restaurants) Sandwich House Sorrento Court (14 Restaurants) Sorrento Crossroads & Restaurants Grandma s Deli Come On In Cafe Wineseller And Brasserie Sorrento Plaza (8 Restaurants) 13 LUSK TO I- 1 SEL S LE SC R A NTO N RO AD 11 R SO 1 O NT RE E LL VA Y ON/OFF RAMP AD RO Sorrento Place TO PLACE REN OR D SE OU EH R MO VE RI IR M A M 3 A ES 1 OBERLIN DRIVE 9 ON/OFF RAMP TO I MILES CARROLL CANYON ROAD 2 S PL E WA EE S TR 3 1 T 8 S DR I VE 2 C O UR T YA R D II TO I MILES 2 Blvd Carroll Canyon Road VD BL Los Primos Marketplace Grille 4 ON/OFF RAMP LV D 3 2 MI RA S ET ER TRE BARNES CANYON ROAD 10 F L A ND PA CIF IC HE IGH TS B RO 3.0 MILES 2 CENT ER B LVD O SANT A FE PACI FIC CAMIN 3 SEQUENCE DRIV E 3

8 SAN DIEGO S MOST DENSE POPULATION OF FORTUNE 00 COMPANIES TORREY PINES GOLF COURSE DEL MAR google 4 0 M IR A M E S A SAN DIEGO

9 OWN VS. LEASE ANALYSIS Jim Hatch CBRE Vice President BUSINESS LENDING SALE OPPORTUNITY 3,991 SF PURCHASE PRICE: $9,100, Blvd San Diego, CA BENEFITS OF OWNERSHIP LEASE vs OWN SCENARIO O WN FAVORABLE TAX DEDUCTIONS TO IMPROVE THE BOTTOM LINE LEA SE Pu rch a se A ssu mp ti o n s Purchase Price Improvements Closing Costs Total Project Cost *Mortgage Loan Interest *Annual depreciation *Cost of building improvements $ Sta rt- U p C o sts 10% Down Payment Total Start-Up Costs ACQUIRING AN ASSET THAT CREATES VALUE (Wealth Builder) 9,100,000 $100,000 $11,0 9,31,0 $920,000 $920,000 Lea se A ssu mp ti o n s Size (Square Feet) Lease rate per sq ft/mo (NNN) Monthly Lease Payment (NNN) 3,991 $1. $8,88 Sta rt- U p C o sts Prepaid Rent Security Deposit Improvements $8,88 $8,88 $0 Total Start-Up Costs M o n th l y C o sts Mortgage Payment Operating Expenses & Utilities *Potential source of rental income *Equity Build-up/Appreciation in asset value over time *Diversification of business profits Per Sq. ft. $1.3 $0.0 Total Monthly Costs POTENTIAL SOURCE OF PASSIVE INCOME M o n th l y O wn ersh i p Ben efi ts ( Esti ma ted ) Ta x Ben efi ts Depreciation Benefit Expense Deduction Interest Deduction (10 yr Avg.) O th er Ben efi ts Rental Income Opportunity Cost of Invested Equity Investment Return on Excess Cash Flow Avg. Appreciation *Income stream from leasing a portion of the property BENEFITS OF OWNING PROPERTY *Space can be modified to accommodate changes in the business $2,13 $2,94 $8,31 3.0% $3,312 $,8 $,224 $0 ($3,343) $33 $23,000 Total Ownership Benefits $3,11 Total Effective M onthly C ost: $43,1 M o n th l y C o sts Lease Payment Operating Expenses & Utilities Total Monthly Costs M o n th l y Lea se Ben efi ts ( Esti ma ted ) Ta x Ben efi ts Depreciation Benefit Lease Deduction Expense Deduction Interest Deduction O th er Ben efi ts Rental Income Avg. Appreciation A n n u a l W ea l th C rea ti o n 10 Year W ealth C reation All figures are provided for informational purposes only. Consult with your tax and financial advisors regarding the tax benefits of property ownership and deductibility of mortgage loan interest. Per Sq. ft. $1. $0.0 $8,88 $2,94 $8,480 $4 $12,3 $,8 n/a $0 n/a Total Lease Benefits $1,99 Total Effective M onthly C ost: $,484 O wn ersh i p A n a l ysi s Su mma ry Effective Cost Difference San Diego, CA Annual Average Annual Principal Pay down $11,2 $28,41 $29,493 $4,908 $,49,082 Depreciation Tax Benefit = Purchase Price X 80% + Improvements / 39 years / 12months X 21% Tax Rate Estimated Monthly Appreciation = Purchase Price and Improvements x 3% Appreciation Rate/12 months Financing: SBA Loan, 90% LTV financed over 23 years at 4.8% blended interest rate Equity and Cash Flow returns based on % annual investment rate 2018 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. We have not verified it and makes no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

10 COURTYARD II CONTACTS Matt Pourcho Lic matt.pourcho@cbre.com Scott Kincaid Lic scott.kincaid@cbre.com Krista Kirksey Lic krista.kirksey@cbre.com CBRE, INC. Broker Lic CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.