FOR SALE. Current CAP Rate 5.42% BROADWAY & F STREET CHULA VISTA, CA 91910

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1 FOR SALE BROADWAY & F STREET CHULA VISTA, CA Current CAP Rate 5.42%

2 Offering Price: $4,500,000 ($280/SF) Current CAP Rate: 5.42% Occupancy: 100% LEASED 8 Tenants Total Building Size: +/-16,060 SF Total Land Area: Construction: Parking Ratio: +/-50,365 SF Brick and Block 4.5 / 1,000 + Additional Street Parking Freeway Access to I-5, I-805, Hwy 54 3 Freestanding Buildings on 4 Parcels APN(s) # ; 03; 04 & 05

3 Income & Expense CURRENT ACTUAL *See Rent Roll Assumptions OPERATING EXPENSE SUMMARY 2018 Building Insurance $4,103 Property Taxes $52,040 Management Fees $11,179 Common Area Utilities - Water $2,700 Sewer $750 Trash Supplemental $1,161 Trash Removal $3,065 Base Rent Revenue $248, $259, $266, NNN Operating Expenses CA Repairs $5,400 Landscape Maintenance $3,060 Taxes (adjusted for new Sales Price) CAM (assume 2% increase annually) Management Fees (4.5% of Base Rent Revenue) $52, $29, $11, $53, $30, $11, $54, $30, $12, Landscape Supplemental $1,200 Tree Trimming $400 Pest Service $946 Total NNN $92, $95, $97, Lot Cleanup $3,900 Common Area Signage - Effective Gross Revenue $341, $354, $366, Exterior Lights $600 Non Recoverable Fees (Suite 317 fixed NNN thru 2/2/19) (Approx. 2% SF off in lease) $4, $2, $1, Common Area Roof Repair $800 Common Area Asphalt Repair - Common Area Electrical $1,200 Net Operating Income (NOI) $243, $256, $264, CAP Rate 5.42% 5.71% 5.89% Common Area Plumbing $400 CAM Improvement/Reserves/Recapture - Total Property 2018 Budget $92,904

4 Rent Roll Unit Tenant Square Feet Monthly Rent $ Rent $ Per SF NNN Comm. Date Exp. Date Increases & Renewal Options Deposits Held Notes 303 Pho Ca Dao & Grill 3,840 $7,104 $1.85 $1,502 4/1/12 9/30/22 2/1/19 $7, /1/20 $7, /1/21 $7, /1/22 $7, Two 5-year Options $14, New owner 2018; currently investing major improvements 309 Boundless Fitness Center 2,940 $3,175.2 $1.08 $1,221 7/1/17 10/31/22 11/1/18 $3, /1/19 $3, /1/20 $3, /1/21 $3, One 3-year Option $4, Fitness and weight management center 311 Wireless World 3,000 $3,660 $1.22 $1,105 2/1/15 1/31/21 2/1/19 $3, /1/20 $3, $4, Local franchisee with 3 locations Cent Plus 1,745 $1,476.5 $0.85 $524 3/1/14 2/28/19 One 5-year Option@FMV *$1.10/SF + 3% increase $5, Fixed NNN thru 2/28/19; Opportunity to increase revenue 3/1/ Chula Vista Gun Store 1,135 $1,192 $1.05 $460 6/1/17 5/31/22 6/1/18 $1, /1/19 $1, /1/20 $1, /1/21 $1, $ Established at this location since Pearl Nails 1,100 $1,505 $1.37 $472 10/1/16 9/30/21 10/1/18 $1, /1/19 $1, /1/20 $1, $3, Manicures, pedicures, and nail art 323 Blackwater Tattoo Studio 1,150 $1,325 $1.15 $473 6/1/17 11/30/19 6/1/18 $1, /1/19 $1, *3% increase $2, Interior Improvements completed in Rasta Smoke Shop 1,150 $1,265 $1.10 $467 12/1/17 11/30/20 12/1/18 $1, /1/19 $1, *3% increase $2, No marijuana sales permitted 16,060 $20, $6, $36, *Rent Roll Assumptions

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6 Chula Vista is 7 miles from downtown San Diego and Tijuana, which is the busiest land border crossing in the United States. Several million square feet of premium value office, commercial and industrial space entitled and ready to complement existing planned communities. A dynamic future with development of the Chula Vista Bayfront, University Park and Innovation District sites. An unparalleled regional value in quality of life issues and resources for recreation, outdoor, environment, education, safety, and economic stability, the region s up and coming City and its best kept economic development secret. The Olympic Training Center, an anchor to the convergence of health, wellness, tourism, recreation and sports clusters. AREA DEMOGRAPHICS 1 mile 3 mile 5 mile Population , , , projection 32, , ,485 Households 2017 Total Households 11,666 49, ,659 HH Growth % 5.30% 5.12% Median Household Inc. $37,576 $45,919 $53,285 Average Daily Trips 2017 Broadway & Park Way S. 24,500 Cars Per Day

7 Waterfront Development For more information visit:

8 R E D E V E L O P M E N T M A S T E R P L A N 120,000 SF 120,000 SF 100,000 SF Mixed Use/Commercial 9,500 SF 420,000 SF Hotel / Office 237 RV Spaces 200,000 SF Hotel / Retail RV Park / Campground 225,000 SF 1,500 Residential Units 15,000 SF Retail Ground Fl 415,000 SF Resort Conference Center Neighboring the site is the 556 Chula Vista Bayfront Master Plan, which is a joint redevelopment between the Port of San Diego, the City of Chula Vista and the Pacifiica Companies. This plan will completely redevelop the underutilized oceanfront land near the property and dramatically transform the area. Uses will include hotel/conference center, mixed use, residential, office, retail and industrial and the plan also calls for more than 200 acres of park areas and wildlife preserves.

9 Broadway, Chula Vista, CA Sale Price - - Price/SF $ Date Sold - - Parking 5.73/1,000 Building Area 16,060 SF Land Area 1.15 Acres rd Ave, Chula Vista, CA Sale Price $4,129,269 Price/SF $ Date Sold 7/7/15 Parking 3.79/1,000 Building Area 61,364 SF Land Area 4.5 Acres Tierra Del Rey, Chula Vista, CA Sale Price $5,033,310 Price/SF $ Date Sold 10/16/15 Parking 1.44/1, Building Area 18,560 SF Land Area 3.6 Acres 1020 Tierra Del Rey, Chula Vista, CA Sale Price $4,787,611 Price/SF $ Date Sold 10/16/15 Parking 4.29/1,000 Building Area 17,654 SF Land Area 3.6 Acres Broadway, Chula Vista, CA Sale Price $2,600,000 Price/SF $ Date Sold 9/22/16 Parking 4.11/1,000 Building Area 5,600 SF Land Area.34 Acres

10 FOR SALE BROADWAY & F STREET CHULA VISTA, CA 91910