OFFICE INVESTMENT OR OWNER/USER OPPORTUNITY Long Beach, California / Long Beach Suburban Market. Capital Markets Investment Properties

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1 OFFICE INVESTMENT OR OWNER/USER OPPORTUNITY Long Beach, California / Long Beach Suburban Market Capital Markets Investment Properties

2 Property Facts Property Address 3229 East Spring Street, Long Beach, CA Year Built 1988 Total Building Area 26,450 Rentable SF Number of Stories Three Gross Site Area 35,386 SF (0.81 acres) Parking 174 Surface Parking Spaces (6.58/1,000) The Offering CBRE, as exclusive advisor, is pleased to present the opportunity to acquire 3229 E. Spring Street, Long Beach, California ( the Property ). This well maintained and recently renovated 26,450 square foot, three-story office building is currently 100% leased with the ability for an owner-user to occupy up to 13,000 square feet making it ideal for either an owner-user or an investor. If the property is purchased by an owner user the current owner will vacate the property within a few months after the close of escrow or the current owner can remain in the property if the property is purchased by an investor is located immediately south of Long Beach International Airport and offers high visibility to 66 commercial and commuter flights from the airport and to over 29,000 cars per day on Spring Street. The property is within 2 blocks of the San Diego (405) freeway providing direct access to all of Los Angeles and Orange County boasts exceptional views of the airport runways, is nearby an abundance of retail, dining and hospitality amenities and offers a 6.58:1,000 parking ratio. Financial Summary Price $4,900,000 Price Per SF $185 Percentage Leased 100% Ownership Interest Ground Lease Interest expires 04/30/2055 In-Place Year One NOI $253,232

3 Investment Highlights DESIRABLE REGIONAL LOCATION: 3229 E. Spring Street is located on the southern edge of the Long Beach International Airport and has excellent proximity to five major freeways including the San Diego (405), Long Beach (710), San Gabriel (605), Garden Grove (22) and Artesia (91) freeways, allowing quick access to adjacent areas such as Downtown Long Beach, The Ports of Los Angeles/ Long Beach, and Los Angeles International Airport (LAX), Downtown Los Angeles, West Los Angeles and Orange County NEARBY PREMIER EXECUTIVE HOUSING: The buildings location offers excellent access to a deep and diverse labor pool in the cities of Long Beach, Lakewood, Signal Hill area and nearby premiere executive housing in the communities of Bixby Knolls, Belmont Shore and Naples. MAJOR AREA RE-DEVELOPMENT: The immediate area is experiencing a significant development and infrastructure investment at Douglas Park, a 260 acre master-planned, mixeduse development (located just across the Long Beach Airport s runway from the Property) that includes over 800,000 square feet of industrial, over 250,000 square feet of office, up to 200,000 square feet of retail space, and a Courtyard by Marriott hotel. SUPERB AREA AMENITIES: The City of Long Beach offers many convenient shopping destinations including City Place, Los Altos Center, Marina Pacifica Mall, Market Place Shopping Center, and Shoreline Village. Downtown Long Beach is a 10 minute drive down the 710 freeway from 3229 Spring and is the home to many of the finest restaurants in Southern California. In addition, the City of Lakewood offers a wide variety of shopping, dining and entertainment amenities. With shopping destinations that include Lakewood Center, one of the largest regional malls in Southern California, Lakewood Marketplace, Pioneer Square and Lakewood Square; dining amenities that include a restaurant row housing several dining and entertainment options. Nearby hotels include the Holiday Inn Long Beach Airport, Long Beach Marriott and Courtyard Long Beach Airport.

4 Property Description County of Los Angeles 3229 East Spring Street Long Beach, CA Site Description Assessor s Parcel Number Property Type Office Year Built 1988 Zoning Long Beach PD13 Total Lot Size 35,386 SF (0.81 Acres) Site Coverage 73% Stories Three RSF ±26,450 SF Building Detail Construction Steel frame with stucco exterior Foundation Reinforced concrete slab and footings Power 600 Amps, 3 Phase Roof Flat Built up HVAC Central / Forced Air Units Elevator Electric Corridors Central Parking 174 Surface Parking Spaces (6.58/1,000)

5 Investment Properties Contacts Bill Maher T bill.maher@cbre.com Lic Kevin Foley T kevin.foley@cbre.com Lic CBRE, 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. 3229SpringSt_BRO_v01ED.indd