LINCOLN WAY 7441 Lincoln Way, Garden Grove, CA OFFICE INVESTMENT OPPORTUNITY

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1 7441 Lincoln Way, Garden Grove, CA INVESTMENT OPPORTUNITY

2 THE OFFERING, Inc. is pleased to present the opportunity to acquire fee-simple interest in Lincoln Way, located at 7441 Lincoln Way, Garden Grove, CA (the Property ). The 42,607-square-foot building is 100% leased to three quality tenants and is located within an institutional quality business park in the West Orange County submarket. The Property features prime Western Avenue frontage and signage, and offers convenient access to the Garden Grove (22) and San Diego (405) Freeways. Freestanding High-Image Office Building totaling 42,607 SF 100% Leased to Three Quality Tenants Investment Grade Anchor Tenant Located in an Institutional Quality Business Park in West Orange County PROPERTY OVERVIEW Address Square Footage 42,607 Land Size 7441 Lincoln Way, Garden Grove, CA 2.39 acres Parking Ratio ± 3.9/1,000 Occupancy 100% Year Built 1983 Year 1 NOI $412,950 TENANCY OVERVIEW Tenant RSF Expiration Modern HC Holdings Inc 20,643 Oct-2020 LogistiCare Solutions 14,050 Sep-2023 Mental Health Association of Orange County 7,914 Oct-2023 INVESTMENT HIGHLIGHTS 100% leased to three quality tenants with ±4 years average of remaining lease term and staggered maturities Investment grade anchor tenant with Modern HC Pharmacy, Inc, a wholly-owned subsidiary of Kroger (S&P: BBB) leasing 48% of the RSF Freestanding high-image office building with ±175 feet of frontage along Western Avenue Above market ±4/1,000 RSF parking ratio History of institutional ownership and investment Efficient floor plates, easily devisable for multi-tenant use Recently renovated common areas and landscaping Located minutes from the Garden Grove (22) and San Diego (405) Freeways Proximate to numerous amenities, including the neighboring Cypress Plaza Shopping Center Strong West Orange County market fundamentals with single-digit office vacancy rates and historically low unemployment rates Available well below replacement cost with no recent construction and limited sites for new development MODERN HC HOLDINGS WAS ACQUIRED BY THE KROGER COMPANY IN JULY AT THE TIME, MODERN HC WAS THE SECOND LARGEST INDEPENDENTLY OWNED SPECIALTY PHARMACY IN THE US, SERVING OVER 15,000 PATIENTS NATIONALLY. KROGER PHARMACY IS CURRENTLY THE FIFTH-LARGEST PHARMACY OPERATOR IN THE U.S. 2

3 AERIAL WESTERN AVE. PRIME INFILL LOCATION IN WEST ORANGE COUNTY IN THE CITY OF GARDEN GROVE ±2 miles from CA State Route 22 ±4 miles from I-405 ±5 miles from I-605 ±16 miles from John Wayne International Airport ±26.8 miles to Downtown Los Angeles ±30.8 miles to Los Angeles International Airport Strong Demographics: ±278,000 people located within three miles of the Property and an average household income of $82,455 OFFERED SEPARATELY OFFERED SEPARATELY EXECUTIVE SUMMARY 3

4 LINCOLN TECHNOLOGY CENTER AMENITIES MAP AMENITIES MAP MOODY ST 3 Mile BROOKHURST ST LINCOLN AVE 5 N BALL RD VALLEY VIEW ST KNOTT AVE CHINA KING BEACH BLVD MAGNOLIA AVE CERRITOS AVE WALNUT ST KATELLA AVE LOS ALAMITOS BLVD SITE EUCLID ST 405 GARDEN GROVE BLVD BOLSA CHICA RD 405 WESTMINSTER AVE CALIFORNIA , Inc. This information has been obtained from sources believed reliable. We have not verified it and make 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. and the logo are service marks of, 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. All Rights Reserved. Sources: Mapping Services (877) ; Nielsen, StreetPro. Team-GISData\Projects\Phoenix\.AI 2/28/2018

5 CAPITAL MARKETS EXPERTS LOCAL MARKET EXPERT DEBT & STRUCTURED FINANCE DARLA LONGO Vice Chairman/Managing Director Lic BARBARA PERRIER Vice Chairman Lic REBECCA PERLMUTTER FINKEL, CFA Lic BRIAN DEREVERE Lic VAL ACHTEMEIER Executive Vice President MICHAEL LONGO Vice President Lic ANTHONY DELORENZO Lic ERIC COX Senior Associate Lic GLOBAL INDUSTRIAL & LOGISTICS Jack Fraker NORTHEAST Michael D. Hines Brian Fiumara Brad Ruppel Lauren Dawicki SOUTHEAST Chris Riley Frank Fallon Trey Barry Jennifer Klingler SOUTH CENTRAL Randy Baird Jonathan Bryan Ryan Thornton Heather McClain NORTH CENTRAL Mike Caprile Ryan Bain Zach Graham WEST Darla Longo Barbara Perrier Rebecca Perlmutter Finkel Brett Hartzell Eric Cox Gina Christen DEBT & STRUCTURED FINANCE Val Achtemeier Scott Lewis Steve Roth Steve Kundert Offering integrated real estate capital markets solutions from strategy to execution delivered by a seamless national partnership 2018, Inc. The information contained in this document has been obtained from sources believed reliable. While, Inc. does not doubt its accuracy,, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. 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. and the logo are service marks of, 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.