ORCHARD CORPORATE CENTER EXECUTIVE SUMMARY 2755 & 2777 ORCHARD PARKWAY SAN JOSE, CA

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1 ORCHARD CORPORATE CENTER 2755 & 2777 ORCHARD PARKWAY SAN JOSE, CA EXECUTIVE SUMMARY

EXECUTIVE SUMMARY THE OFFERING Orchar Corpora Cnr is a wo-builing, 101,374 squar foo offic/r&d campus loca in San Jos, California (h Propry or Orchar Corpora Cnr ).

2 EXECUTIVE SUMMARY THE OFFERING Orchar Corpora Cnr is a wo-builing, 101,374 squar foo offic/r&d campus loca in San Jos, California (h Propry or Orchar Corpora Cnr ). Th Propry is h firs nw consrucion on Orchar Parkway in 17 yars an faurs ramaic high cilings, xpansiv glasslin, an a conmporary, craiv sign aroun a campus amniy cnr. Th Propry s sragic locaion in h har of San Jos s Norh Firs r Corrior bnfis from proximiy o h rgion s mos influnial chnology companis, accss o mulipl highways, walkabiliy o VTA ligh rail an amniis, an immia accss o Mina San Jos Inrnaional Airpor. Th Propry is 100% las on a long rm basis o wo nans wih saggr las xpiraions an a wigh avrag las rm of 7.9 yars. Th f simpl inrs in h Propry is bing offr wihou an asking pric an on an all-cash basis. San Jos s Norh Firs r corrior has long bn known as on of h mos sirabl ra aras in Silicon Vally. Som of h worl s mos noabl chnology companis such as Googl, Samsung, Bay, Cisco, Broacom, Philips, Qualcomm an Dll mainain a significan prsnc in h Goln Triangl, aing o h rgion s rpuaion as a hob for Silicon Vally s Blu Chip chnology nans. BUILT IN EXECUTIVE SUMMARY 100% NNN LEASED 101,374 SQUARE FEET

3 PROPERTY SUMMARY 2755 ORCHARD PARKWAY 36,383 SF ONE STORY 2777 ORCHARD PARKWAY 64,991 SF TWO STORIES 5.31 ACRES 15,000 SF OUTDOOR AMENITY SPACE EXECUTIVE SUMMARY 3

INVESTMENT HIGHLIGHTS Bran Nw Consrucion Craiv an Conmporary

ART BUILDING AND SITE DESIGN Boasing imprssiv curb appal an

high-qualiy consrucion wih sriking lobby nrancs, suprior floor o

4 INVESTMENT HIGHLIGHTS Bran Nw Consrucion Craiv an Conmporary Inriors Flxibl Dsign Suiabl for Wi Rang of Tnans STATE OF THE ART BUILDING AND SITE DESIGN Boasing imprssiv curb appal an iniy, h bran nw on- an wo-sory offic/r&d builings faur high-qualiy consrucion wih sriking lobby nrancs, suprior floor o ciling highs, abunan naural ligh from xpansiv glasslin an skylighs, an a 15,000 SF ouoor couryar. Th builings high clar highs an loaing capabiliis nsur ha hy can accommoa a wi rang of corpora uss. 4 EXECUTIVE SUMMARY

5 FLEXIBLE ENTERTAINING SPACE LOUNGE/SEATING AREA OUTDOOR BAR/BARBEQUE LANDSCAPING/PRIVATE FENCE ATTRACTIVE LIGHTING ELEMENTS EXQUISITE OUTDOOR AMENITY SPACE IDEAL FOR TODAY S TECH TENANTS EXECUTIVE SUMMARY 5

6 TENANT SUMMARY LONG TERM NNN LEASES WITH STAGGERED EXPIRATION DATES Th Propry is 100% las o wo nans wih a wigh avrag of 7.9 yars of rm rmaining an las xpiraions saggr in 2025 an 2027, proviing sabl cash flow from srong nancy. Calix, Inc. (NYSE: CALX) vlops, marks, an slls sofwar plaforms, sysms, an sofwar for fibr- an coppr-bas nwork archicurs ha nabl communicaions srvic provirs o accss nworks. Th company rpor rvnu of $510.4 million in FY 2017, an 11.2% incras from MgaChips Tchnology Amrica Corporaion is a subsiiary of Japan bas MgaChips Corporaion (TYO: 6875). Th company signs, vlops, an manufacurs chnologis for h consumr lcronics, compur, offic-auomaion, nworking an sorag inusris. MgaChips Corporaion rpor n sals of $601.1 million in FY Tnan Builing N Rnabl Ara % of Projc Commncmn Expiraion Calix, Inc Orchar Pkwy 64,991 64% 8/1/2018* 10/31/2025* MgaChips Tchnology Amrica Corp Orchar Pkwy 36,383 36% 9/1/2017 8/31/ , % *Esima Commncmn an Expiraion 6 EXECUTIVE SUMMARY

7 SILICON VALLEY S GOLDEN TRIANGLE SAN FRANCISCO BAY MOFFETT FEDERAL AIRFIELD SAN JOSE MINETA INTERNATIONAL AIRPORT 101 NORTH 1ST STREET ORCHARD CORPORATE CENTER 237 MONTAGUE EXPRESSWAY GREAT MALL EXECUTIVE SUMMARY 7

8 Main S Abl S Gol LOCATION HIGHLIGHTS Souh Bay Fwy sa Bowrs Av rry s ican Pkwy mr G r a A Lawrnc Expwy r Gua Pkw a y D La Cruz Blv B ra c Ro Rancho l Publo Golf Cours r ho Roosvl n Park Sa la ac ys Sco Blv San Tomas Expwy m Alu Ba Kily Blv M v ka Japanown/Ayr ck h 17 h 13 h 10 7h roy Av ng Wason Park IL RA Ki Ovrfl Garns Park s 21 h COLLEGE 1s 4 ng i San Jos T GH LI a Mina San Jos Inrnaional Airpor 5 Minu Driv San Francisco Inrnaional Airpor 35 Minu Driv Gish Oaklan Inrnaional Airpor 40 Minu Driv nc Expwy R wy y r bu M Civic Cnr A VT F ir wy Pk Av H la nc n R S F Wa S rk y Ma Sana Clara Univrsiy Si v ya n Oakla 1s an San Jos Mun. Golf Cours lm sh Gi lup a Co B Mro/ Airpor Pnincia Crk Lu aw k ro a Gu a s m Ho v ll A rri Fwy San Jos Inrnaional Airpor n mo Mo Oaklan Nimiz co Av Karina EXECUTIVE SUMMARY Cha r rra Si Brryssa r nk Componn r D n n po p om lu C SANTA CLARA Hosr THE MARKETPLACE 3 Minu Driv Za y lv B SANTA CLARA COUNTY y Pkw CA LT RA IN Lafa 8 y O r c h ar bl im Tr Suprior Transporaion & Transi Accss Exclln highway accss Airpor wihin minus Walking isanc o Ligh Rail Amniy Rich Environmn Proximiy o Nw & Fuur Rsinial El Camino Ral r h IL S si CORPORATE CENTER Cnral Expwy Monro ia r Bonavnura ORCHARD r F wy D Blv Kifr LAWRENCE RA fay La s Mi sho Cr Monagu Sana Clara VTA, Orchar aion 10 Minu Walk um Pl v ya l op Caali Park y Orchar pw M C ollg Gra Mall/Main v Croply x E gu Bay Cnral Expwy Lic k M Rivr Oaks ill Bl v a on on Cisco D ri Rivr Oaks HT IG Ol Amrica RIVERMARK PLAZA T 5 Minu Driv Ironsis Ws Vally Mission Coll. Sco Blv Champion as Gra Tasm Baypoin Tasman Lick Mill r nd ma California's Gra Amrica Av AL VT Ramwoo SHOPPING CENTER 10 Minu Driv an S McC a Sana Clara Mun. Golf Cours 1s La Gra Mall of h Bay Ara I-880/ Milpias Pi Dr Sunnyval Baylans Park r Cn n a Av ss n

OFFICE/R&D MARKET HIGHLIGHTS Wih a high concnraion of rvoluionary chnology companis an an unparalll sram of vnur capial invsmn, Silicon Vally is rnown as h worl s cnr of chnology.

Ovr h pas fiv yars, growh from som of h rgion s mos prominn mployrs such as Appl, Googl, Samsung, Nflix an LinkIn has ma h Silicon Vally on of h naion s op prforming offic/r&d marks.

9 OFFICE/R&D MARKET HIGHLIGHTS Wih a high concnraion of rvoluionary chnology companis an an unparalll sram of vnur capial invsmn, Silicon Vally is rnown as h worl s cnr of chnology. As on of h Bay Ara s ky conomic rivrs, h rgion s chnology scor flourishs from immia accss o on of h mos uca workforcs in h naion. Ovr h pas fiv yars, growh from som of h rgion s mos prominn mployrs such as Appl, Googl, Samsung, Nflix an LinkIn has ma h Silicon Vally on of h naion s op prforming offic/r&d marks. STEADY EXPANSION IN NORTH SAN JOSE Th Ciy of San Jos has bcom a laning spo for som of h rgion s largs chnology companis who hav bn forc o grow or rloca ou of smallr submarks such as Mounain Viw, Sunnyval an Cuprino. Major Silicon Vally usrs wih sizabl xpansion plans in San Jos inclu Googl, Appl, an Microsof. Th Norh Firs r Corrior has bn sla o accommoa a significan porion of his growh. SILICON VALLEY MARKET SNAPSHOT 8.7% DIRECT VACANCY 32% RENT GROWTH OVER PAST 3 YEARS 4.76 MSF NET ABSORPTION IN 2017 EXECUTIVE SUMMARY 9

10 NORTH FIRST STREET CORRIDOR DEVELOPMENT DOWNTOWN SAN JOSE 250 Room Hol Plann 101 NORTH 1ST STREET 10 EXECUTIVE SUMMARY ORCHARD PARKWAY ORCHARD CORPORATE CENTER Major rnovaions hav bn compl on narly vry builing siua on Orchar Parkway bwn Norh Firs r an Trimbl Roa, subsanially upgraing h ovrall qualiy an valu of h nighborhoo. Orchar Parkway Asss Rnova afr 2010

FOR MORE INFORMATION PLEASE CONTACT: INVESTMENT SALES ERIC FOX Lic. #01209035 Tl 408.615.3469 ric.h.fox@cushwak.com STEVE HERMANN Lic. #013252679 Tl 415.677.0465 sv.

com VANESSA GANDHI Lic: #01752150 Tl 415.568.3426 vanssa.ganhi@cushwak.com RYAN VENEZIA Lic. #01864838 Tl 415.658.3602 ryan.vnzia@cushwak.com MARKET ADVISORY NICK LAZZARINI Lic.

11 FOR MORE INFORMATION PLEASE CONTACT: INVESTMENT SALES ERIC FOX Lic. # Tl STEVE HERMANN Lic. # Tl ADAM LASOFF Lic. # Tl SETH SIEGEL Lic. # Tl VANESSA GANDHI Lic: # Tl RYAN VENEZIA Lic. # Tl MARKET ADVISORY NICK LAZZARINI Lic. # Tl KALIL JENAB Lic Tl DEBT & EQUITY ADVISORY TERRY DALY Lic. # Tl EXECUTIVE SUMMARY 11

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