SOLANA 101 MIXED USE PROJECT 1.91 ACRES

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Rarely Available Acreage West of S. Coast Highway 101 1 Block from the Ocean Proposed Mixed Use Project - Residential Retail Office Located on Signalized Intersection SUBMIT ALL OFFERS BY NOVEMBER 6, 2015 S Sierra Ave SUBJECT PROPERTY Dahlia Dr 1 overall view of project Highway 101 Lomas Santa Fe Dr Cedros Ave Design District < Cedros Walking Bridge Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com

PAGE CONTENT 3 AERIALS 8 LOCATION MAP 9 PROPERTY INFO 10 PROPOSED PROJECT PLANS 11 ELEVATIONS & RENDERINGS 13 LANDSCAPE PLAN 14 PLAT MAP 15 OFFERING GUIDELINES Dahlia Dr. S Coast Hwy 101 No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 2

AERIALS Rancho Santa Fe Fairbanks Ranch Del Mar Heights Polo Fields Del Mar Via De La Valle Del Mar Racetrack & Fairgrounds Cedros Ave Design District SUBJECT PROPERTY Highway 101 Fletcher Cove Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 3

AERIALS Cedros Ave Design District Lomas Santa Fe Dr SUBJECT PROPERTY ^ Cedros Walking Bridge S Sierra Ave Highway 101 Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 4

AERIALS STATION Lomas Santa Fe Dr SUBJECT PROPERTY Cedros Ave Design District < Cedros Walking Bridge S Sierra Ave Highway 101 Fletcher Cove Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 5

AERIALS S. Sierra Ave Dahlia Dr SUBJECT PROPERTY S. Coast Highway 101 Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 6

AERIALS SUBJECT PROPERTY N Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 7

LOCATION MAP CAMP PENDLETON VISTA FALLBROOK PALOMAR MOUNTAIN OCEANSIDE SAN MARCOS N CARLSBAD ENCINITAS SOLANA BEACH DEL MAR PALOMAR AIRPORT SUBJECT PROPERTY CAL STATE SAN MARCOS ESCONDIDO POWAY 78 S. Coast Hwy 101 S. Sierra Ave Lomas Santa Fe SUBJECT PROPERTY Dahlia Dr Stevens Ave Via De La Valle Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 8

PROJECT INFO PROPERTY FEATURES Location: Project Status: Income: The subject property is located at the Northwest corner of Dahlia Drive and South Coast Highway 101 in the City of Solana Beach, County of San Diego. Within walking distance to Fletcher Cove, Cedros Avenue, and the Del Mar Race Track. This site is a rare coastal infill project with scale and potential to provide substantial financial growth opportunities to any builder, developer, or investor. The current owners are processing plans for a mixed use project $2,500/month from month-to-month leases on the site Jurisdiction: City of Solana Beach APN # s: 298-052-06, 07, 08, 13, 14 Acreage: Topography: 1.91 Acres - Gross 1.799 Acres - Net Flat Zoning: Floor Area Ratio: Max Building Height: Density: General Commercial Highway 101 Specific Plan 1.2 FAR Max 1.07 FAR Proposed 35 Feet 20 Dwellings Per Net Acre - Max 36 DUs Proposed 31 DUs Proposed Building Size: Office - 14,137 SF Retail - 24,284 SF Restaurant - 10,215 SF Residential - 31,260 SF Parking: School District: 341 Stalls - Required and Proposed Solana Beach School District San Dieguito Union High School District Skyline Elementary 906 API Earl Warren Middle School 896 API Services: Water/Sewer Santa Fe Irrigation District Gas/Electricity San Diego Gas & Electric Fire Solana Beach Fire Dept. Police San Diego County Sheriff Department PRICE: SUBMIT ALL OFFERS BY NOVEMBER 6, 2015 PRELIMINARY TITLE REPORT ACOUSTICAL ANALYSIS REPORT COMPREHENSIVE SIGNAGE PLAN DRP PROCESS EIR PROCESS GEOTECHNICAL REPORT HIGHWAY 101 SPECIFIC PLAN LANDSCAPING REQUIREMENTS PARKING REGULATIONS PHASE I ENVIRONMENTAL ASSESSMENT PHASE II ENVIRONMENTAL ASSESSMENT USE REGULATIONS VIEW ASSESS PROCESS ZONING ORDINANCE Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 9

CLICK HERE TO VIEW FULL PROPOSED PROJECT PLANS PROPOSED PROJECT PLANS Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 10

CLICK HERE TO VIEW ELEVATIONS & RENDERINGS ELEVATIONS & RENDERINGS 1 overall view of project Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 11

ELEVATIONS & RENDERINGS 02 view of commercial plaza A R C H I solana 101 mixed-use project for American Assets T E C T S hanna gabriel wells 01 february 2014 Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 12

LANDSCAPE PLAN SIERRA AVENUE SPECIALTY RETAIL CAN WSH. SERVICE ELEV. LOBBY TRASH COMM. SDG&E RESTAURANT / RETAIL FIRE HIGHWAY 101 LOADING 1955 bacon street san diego california DOCK Copyright 2011 ARCHITECTS hanna gabriel wells, all rights reserved. Any use without permission is expressly prohibited. Plotted 10/6/2014 2:13 PM RAMP DOWN DAHLIA DRIVE LANDSCAPE CONCEPT PLAN - Ground Floor 01 1/16" = 1' RESTAURANT/ RETAIL Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com date description revisions project consultants Landscape Plan Solana 101 06 October 2014 project no. 13 11-11

PLAT MAP Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 14

PRICE: SUBMIT ALL OFFERS - CLICK HERE TO VIEW NORTH COUNTY SAN DIEGO COASTAL LAND COMPARABLE SALES OFFERING GUIDELINES BID DUE DATE: Offers shall be delivered on or before 5:00 p.m. PDT, Friday, November 6, 2015 to: Matt Weaver / Al Apuzzo c/o Lee & Associates 1900 Wright Place, Suite 200 Carlsbad, CA 92008 Email: / Phone: DEPOSIT: Upon acceptance of an offer, the Buyer shall deposit $200,000 to open the escrow. Upon the successful completion of the Due Diligence period, the Buyer shall increase the deposit to 5% of the purchase price. The deposit shall then become non-refundable, be immediately released to the Seller, and shall remain applicable to the purchase price at closing. DUE DILIGENCE: Buyer shall have ten (10) days from the Effective Date of the purchase and sale agreement to perform all Due Diligence and whatever studies it may desire on the Property, including, but not limited to, market, engineering, and environmental studies, verification of zoning, inclusionary housing requirements, tax rates, clear title, etc. Extra consideration may be given to offers that include nonrefundable deposits upon mutual execution of a purchase and sale agreement. CLOSE OF ESCROW: Close of escrow shall be fifteen (15) days after completion of Buyer s Due Diligence. AS-IS: The Property is sold as is, where is. Seller makes no representations or warranties whatsoever relative to the Property, including, but not limited to, those regarding the suitability of the Property for any particular use; the condition of the Property; the presence or absence of hazardous materials; geologic, soil, or hydrologic conditions; etc. Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 15

SOLANA 101 MIXED USE PROJECT 1.97 ACRES For More Information, Please Contact: CA Lic#01367183 CA Lic#01323215 CA Lic#00296599 Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 16