AIRPORT PLAZA 5000 & 5001 AIRPORT PLAZA DRIVE LONG BEACH, CA % LEASED OFFICE CAMPUS INVESTMENT OPPORTUNITY

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Elaine Manning
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1 AIRPORT PLAZA 5000 & 5001 AIRPORT PLAZA DRIVE LONG BEACH, CA % LEASED OFFICE CAMPUS INVESTMENT OPPORTUNITY

THE OFFERING NGKF, as exclusive advisor, is pleased to offer the opportunity to acquire the leasehold interest in Airport Plaza (the Property ) a 98% leased, institutional quality, Class A,

With direct access to the San Diego (405) Freeway, and superb regional access to both Los Angeles and Orange County, recently renovated Airport Plaza offers a secured in-place cash flow with average

2 THE OFFERING NGKF, as exclusive advisor, is pleased to offer the opportunity to acquire the leasehold interest in Airport Plaza (the Property ) a 98% leased, institutional quality, Class A, two-building office project totaling 126,219 square feet, centrally located within the City of Long Beach, adjacent to the Long Beach Airport, in Los Angeles County, California. With direct access to the San Diego (405) Freeway, and superb regional access to both Los Angeles and Orange County, recently renovated Airport Plaza offers a secured in-place cash flow with average remaining lease terms of approximately 4 years. The project s strong credit tenant roster represents a diversity of industries including the federal government, professional services, logistics, and education. Airport Plaza s favorable, approximately 50+ year ground lease includes terms that are highly accretive with below market ground rent payment representing only 6% of the total project collected gross rents. PROPERTY SUMMARY 5000 Airport Plaza 5001 Airport Plaza TOTAL Rentable Square Feet 73,818 52, ,219 Year Built/Renovated 1983 / / No. of Floors Percentage Leased Parking Stalls Land Area Major Tenants 97% 100% 98% 4/1,000 4/1,000 4/1, Acres Elements Behavioral Health, Advanced Medical Management, NACA Logistics (USA) Federal Aviation Administration, Embry-Riddle Aeronautical University, MNX Global Logistics -

3 AIRPORT PLAZA OFFERS INVESTORS THE OPPORTUNITY TO ACQUIRE A 98% LEASED, INSTITUTIONAL QUALITY OFFICE CAMPUS WITH A SOLID, DIVERSE RENT ROLL LOCATED IN A STRONG AND IMPROVING SUBMARKET.

INVESTMENTS HIGHLIGHTS ecured, Stabilized Income Stream S Airport Plaza offers investors a solid, stabilized rent roll with a secured income stream from the project s diverse mix of quality tenants

With a strong history of high occupancy, Airport Plaza satisfies a variety of tenant sizes currently ranging from 974 to 21,749 square feet.

4 INVESTMENTS HIGHLIGHTS ecured, Stabilized Income Stream S Airport Plaza offers investors a solid, stabilized rent roll with a secured income stream from the project s diverse mix of quality tenants including the Federal Aviation Administration, Advanced Medical, Embry-Riddle and NACA Logistics among others. With a strong history of high occupancy, Airport Plaza satisfies a variety of tenant sizes currently ranging from 974 to 21,749 square feet. Urban Environment Amenities The Property benefits from its proximity to numerous retail and restaurant amenities within a two-mile radius including the ongoing development of Douglas Park, which includes a new 250,000 square foot retail project (Long Beach Exchange) and an additional Hampton Inn/Homewood Suites by Hilton Hotels under construction (241 rooms). Additionally, the fourstar Long Beach Marriott (159 rooms) offers a convenient amenity within close walking distance to the property. Strategic Long Beach Location Situated between Los Angeles County and Orange County with convenient access to Downtown Long Beach and Downtown Los Angeles, Airport Plaza is within close proximity to the San Diego (405) Freeway, the Long Beach (710) Freeway, and the San Gabriel (605) Freeway interchanges which have a daily traffic volume of over 1 million cars per day. The central location provides immediate access to an abundant skilled labor pool and premier affluent residential communities of Lakewood, Long Beach and the esteemed Palos Verdes Peninsula. Accretive Ground Lease Economics Favorable long term ground lease with pro-business municipal ground lessor (City of Long Beach) which has provided a recent lease extension and has a track record of consistently extending ground leases. The Project s below market ground lease payments are only approximately 6% of the total collected gross rents.

MARKET HIGHLIGHTS Desirable Office Market With its prime coastal location, thriving Downtown center and growing population, Long Beach is quickly becoming one of Southern California s

Positioned between Los Angeles and Orange Counties, Long Beach provides corporations with superior regional access to a combined talent pool exceeding 13 million residents.

years with an approximate 10% increase in rental rates since 2015. The 2.

5 MARKET HIGHLIGHTS Desirable Office Market With its prime coastal location, thriving Downtown center and growing population, Long Beach is quickly becoming one of Southern California s most desirable business markets. Positioned between Los Angeles and Orange Counties, Long Beach provides corporations with superior regional access to a combined talent pool exceeding 13 million residents. Suburban Long Beach Office Market Long Beach has historically been one of the South Bay s strongest office markets and has experienced significant net absorption over the past four years with an approximate 10% increase in rental rates since The 2.38 million square foot Long Beach Airport Area submarket has improved significantly as well with a current vacancy of 10.3%. SUBURBAN LONG BEACH 47 OFFICE BUILDINGS LONG BEACH IS HOME TO NUMEROUS FORTUNE 500 COMPANIES INCLUDING MOLINA HEALTHCARE, AND BOEING AS WELL AS EPSON, FRONTIER COMMUNICATIONS, MERCEDES BENZ, VIRGIN GALACTIC, SCAN HEALTH, NAUTILUS INTERNATIONAL, RUBBERCRAFT, GULFSTREAM AND MANY OTHERS. 8.8 MILLION SF 10.3% VACANCY $2.08 FSG PER MONTH $

ORANGE COUNTY SEAL BEACH PACIFIC OCEAN 605 CALIFORNIA STATE UNIVERSITY LONG BEACH LOS ALTOS GATEWAY MARKET CENTER DOWNTOWN LONG BEACH 405 LOS ALTOS GATEWAY

6 ORANGE COUNTY SEAL BEACH PACIFIC OCEAN 605 CALIFORNIA STATE UNIVERSITY LONG BEACH LOS ALTOS GATEWAY MARKET CENTER DOWNTOWN LONG BEACH 405 LOS ALTOS GATEWAY SHOPPING CENTER SPRING STREET LONG BEACH AIRPORT CLARK AVENUE SKYLINKS AT LONG BEACH GOLF COURSE AIRPORT PLAZA DRIVE LONG BEACH MARRIOTT LAKEWOOD BOULEVARD N

INVESTMENT CONTACTS LOCAL MARKET CONTACT FINANCING CONTACTS Kevin Shannon President West Coast Capital Markets T +1 310 491 2005 kevin.shannon@ngkf.com Lic.

7 INVESTMENT CONTACTS LOCAL MARKET CONTACT FINANCING CONTACTS Kevin Shannon President West Coast Capital Markets T kevin.shannon@ngkf.com Lic Scott Schumacher Managing Director T scott.schumacher@ngkf.com Lic Ken White Executive Managing Director T ken.white@ngkf.com Lic Guillermo Boisson Associate T guillermo.boisson@ngkf.com Lic Robert S. Garey Senior Director T robert.garey@cushwake.com CA License David Milestone Executive Managing Director T david.milestone@ngkf.com Lic Brett Green Managing Director T brett.green@ngkf.com Lic The broker for a purchaser of the property shall be entitled to receive a real estate commission only in the event that broker and the property s owner execute a written commission agreement, containing the manner of calculation of that commission and all conditions to its payment, and the satisfaction of those conditions. Absent a written agreement to the contrary between that broker and NGKF, that broker shall not look to NGKF for payment of such a commission or any other compensation. Although all information furnished regarding property for sale, lease,or financing has been obtained from sources deemed to be reliable, that information has not been verified by NGKF and no express representation is made nor is any to be implied as to the accuracy thereof. That information is subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by NGKF s client. Corporation License Rosecrans Avenue, Suite 4100, El Segundo, CA 90245

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

OFFICE INVESTMENT OR OWNER/USER OPPORTUNITY Long Beach, California / Long Beach Suburban Market Capital Markets Investment Properties Property Facts Property Address 3229 East Spring Street, Long Beach,