INVESTMENT SALE OFFERING 2421 PEORIA AVENUE, PHOENIX, AZ CAPITAL MARKETS OFFICE WEST INSTITUTIONAL PROPERTIES

INVESTMENT SALE OFFERING 2421 PEORIA AVENUE, PHOENIX, AZ CAPITAL MARKETS OFFICE WEST INSTITUTIONAL PROPERTIES

The Offering CBRE, as exclusive advisor, is pleased to present Desert Canyon 200 ( the Property ) a three-story, multi-tenant office building totaling ±98,863 RSF on ±6.74 acres. Desert Canyon 200 is 93% leased, with 69% of the building leased to Matrix Absence Management, a subsidiary of Tokio Marine Group (S&P: A+). Matrix Absence Management works with employers to provide management of Disability, Workers Compensation and Family Leave Programs. With a solid, long term firm lease that expires in April 2025, Desert Canyon 200 serves as the U.S. headquarters location for Matrix Absence Management. Other tenants at the Property include: the publicly traded financial services firm Ameriprise Financial (NYSE: AMP); insurance broker and consultant USI Insurance Services; and the global research organization Stephens & Associates. Desert Canyon 200 offers a well-maintained office building positioned within the three building, ±22 acre, Desert Canyon Corporate Campus. The Class A Property offers a dramatic two-story lobby, abundant glass line, newly built spec suites, and an outstanding parking ratio of ±5.73 per 1,000 SF, some of which is covered canopy. Desert Canyon 200 is centrally located less than 1/4 mile east of the full-diamond I-17 Freeway interchange with Peoria Avenue and approximately one mile north of several shopping and dining options including the ±1.4 million square foot Metrocenter Mall. The offering provides the opportunity to purchase a Class A office building, free and clear of debt, with stable cash flow that is priced considerably below replacement cost. PROPERTY OVERVIEW Address: Year Built: 2000 Rentable Building Area: Land Area: Leased: 93% Average Remaining Lease Term: Parking Ratio: Offering Price: 2421 West Peoria Avenue Phoenix, Arizona 85029 ±98,863 SF ±6.74 Acres 6.26 Years ±5.73 per 1,000 SF Submit offer

Located less than 1/4 mile from the I-17 Freeway, Desert Canyon 200 is able to reach ±2.6 million people (±60% of Maricopa County) within a 40-minute drive time, attracting employees from all across metropolitan Phoenix. NOT TO SCALE N

Investment Highlights TURN-KEY PROPERTY Ownership has completed several capital improvements to the Property which have shown to be beneficial through the recent leasing activity, taking the Property from 69% leased to 93% in less than one year. NEW 2017 PROPERTY ENHANCEMENTS INCLUDE: Enhanced common area lobby with renovations that include abundant glass, lobby furniture, paint and tenant directory signage Newly built spec suites ready for instant occupancy Improvements for the building s three new tenants EMS software system and controller installed to control building HVAC and lighting Parking lot seal coat plus the addition of 64 new covered parking spaces (144 total) Building exterior recently painted New landscaping Upgraded monument signage EXPANSIVE SITE AREA WITH ABUNDANT PARKING FIELD The Property is positioned on ±6.74 acres with a desirable ±5.73 per 1,000 SF parking ratio, 144 of which are covered canopy parking spaces.

PRIME AREA FOR LARGER EMPLOYERS The I-17 Corridor is a preferred location for large corporate users, including USAA, Cigna, Blue Cross/Blue Shield, Discover, Southwest Gas, American Express, Wells Fargo, Safeway, TriWest Healthcare Alliance, Honeywell, Farmers Insurance, PetsMart, Cognizant, Mass Mutual, and Best Western among many others. CORPORATE HEADQUARTERS LOCATION The Property is occupied by Matrix Absence Management, a subsidiary of Tokio Marine Group. Tokio Marine Group is S&P rated A+, A.M. Best rated A++, and is a recognized international leader in the global insurance market. Desert Canyon 200 has been the U.S. Headquarters for Matrix Absence Management since 2014 and has a long term firm lease through April 2025.

IMMEDIATE ACCESSIBILITY Desert Canyon 200 has immediate accessibility to major transportation systems via a full-diamond interchange at Peoria Avenue and the Interstate 17 Freeway. AMENITY-RICH LOCATION Surrounded by numerous shopping and dining options, including Metrocenter Mall, a ±1.4 million square foot regional mall that offers over 125 specialty retailers and a variety of restaurants. There are 10 hotel options available within one mile from the Property, including the 342-room Sheraton Crescent Hotel. SHAW BUTTE 23RD AVENUE PEORIA AVENUE N

R METROCENTER MALL ±1.4 Million SF Regional Mall Anchors include: Harkins Theatres, Sears, Dillard s and Walmart METROCENTER MALL SURROUNDING AREA RESTAURANTS GRILL & BAR PEORIA AVENUE ROSE MOFFORD SPORTS COMPLEX GATEWAY CORPORATE PARK PEORIA AVENUE N

2421 PEORIA AVENUE, PHOENIX, AZ INVESTMENT CONTACTS Barry Gabel Executive Vice President +1 602 735 5273 barry.gabel@cbre.com Chris Marchildon Senior Associate +1 602 735 5625 chris.marchildon@cbre.com DEBT & STRUCTURED FINANCE CONTACT Bruce Francis Vice Chairman +1 602 735 1781 bruce.francis@cbre.com CBRE, Inc. Broker Lic. 00409987 LEASING CONTACTS Jim Bayless Senior Vice President +1 602 735 1794 james.bayless@cbre.com Ashley Brooks Senior Vice President +1 602 735 1758 ashley.brooks@cbre.com CAPITAL MARKETS OFFICE WESTERN U.S. Denver Tim Richey Mike Winn Chad Flynn Los Angeles Todd Tydlaska Sean Sullivan Mike Longo Orange County Anthony DeLorenzo Phoenix Barry Gabel Portland Trevor Kafoury Charles Safley San Diego Louay Alsadek Hunter Rowe San Francisco Russell Ingrum Tyler Meyerdirk Seth McKinnon Seattle Tom Pehl Sillicon Valley Joe Moriarty Scott Prosser Jack DePuy Debt & Structured Finance Bruce Francis Brad Zampa Val Achtemeier Mark McGovern Brady O Donnell CAPITAL MARKETS OFFICE WEST INSTITUTIONAL PROPERTIES 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You 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.