Industrial Single Tenant Leased Investment Greater Airport Area - Orange County

2641 WALNUT AVENUE TUSTIN, CALIFORNIA 2641 WALNUT AVENUE Tustin, California

Investment Summary

Purchase Price: $5,868,016 ($188.55/SF) Approximate Building Size: 31,121 SF

Tenant: Braxton Caribbean Manufacturing Company, Inc. Lease Form: AIR Industrial/Commercial Single Tenant Lease - Gross Monthly Lease Rate: $27,557.93 ($0.886/SF) w/ 3% annual increases Monthly Expenses: $3,107.86 (including 5% vacancy/mgt reserve) Annual NOI: $293,400.80 Cap Rate: 5% Term: Approximately 7 years & 9 months (LED 1/31/25) PROPERTY DETAILS

ADDRESS 2641 Walnut Avenue

CITY Tustin

STATE California

ZIP 92780

BUILDING TYPE Industrial

YEAR BUILT 1978

STORIES Single Story

LAND SIZE 1.625 Acres

BUILDING SIZE 31,121 SF

CONSTRUCTION Concrete Tilt-Up

CLEAR HEIGHT ±20’

HVAC 100x

FIRE SPRINKLERS Fully Sprinklered

ELECTRICAL SERVICE 600 Amps, 3-Phase, 277/480 Volt

PARKING 2 Spaces per 1,000 SF (In common) CHAMBERS RD

SITE PLAN

FRANKLIN AVE GL

GL

GL GL

AssemblyD/C GL

Chambers Road

WALNUT AVE

Tustin Ranch Road

Walnut Avenue 2641 WALNUT

Franklin Avenue

Myford Road Bentley Circle FLOOR PLAN

Lunch Room

GL

RR RR RR RR

LOBBY MEN’S LOCKER

GL WOMEN’S LOCKER GL AERIAL

Edinger Avenue Walnut Avenue

Red Hill Avenue

E. Warner Avenue Tustin Ranch Road 2641 WALNUT

Barranca Parkway

Alton Parkway

Jamboree Road

Culver Drive

AREA AMENITIES

14 8 2 8 3

7 2 1 10 15 3 1 1 18 3 7 6 1 3 2641 6 19 WALNUT 1 Edinger Avenue

1 9 9 5 4 5 4 Walnut Avenue 3 11 5 4 3 14 E. Warner Avenue

11

3 1 Tustin Ranch Road 2 14 6 Barranca Parkway 3 Red Hill Avenue

11 1 7 8 6 9 13 16 2 4 7 Alton Parkway 5 9 21 10 12 1 20 2 10 13

8 Jamboree Road

3 DINING LIFESTYLE CENTERS

1. 1. THE MARKET PLACE Thai Spice The Winery & Wine Bar 2. 7 Leaves Cafe The Market Place Urban Plates Treatery 3. Mexican Grill Veggie Grill 4. Fresca’s BJ’s Restaurant & Brewhouse Wasa 3. DIAMOND JAMBOREE 5. Bread Basket Bonefish Grill Which Wich Superior 85 C Café 6. California Fish Grill Wokvano Asian Restaurant & Bar Afters Ice Cream 7. Garbanzo Mediterranean Grill California Kitchen Ajisen 8. House of Kabob Carl’s Jr. The Haute Room Balcony Grill & Bar 6 9. Chick-fil-A bike2thebeat BBQ Chicken 10. McDonald’s Class 302 Tea Cafe CorePower Yoga BCD Tofu House 11. The Coffee Bean & Tea Leaf Bon Epi Patisserie & Café 12. 2. THE DISTRICT AT TUSTIN LEGACY1 Capital Seafood Restaurant 13. Tasty Garden Aloha Hawaiian BBQ Chef Hung Noodles 14. Daphne’s California Greek Auld Dubliner Irish Pub Coffeebar Byul 15. El Pollo Loco El Pollo Loco Ben & Jerry’s Curry House CoCo 16. Jersey Mike’s Subs Famous Dave’s Barbeque Bluewater Grill Seafood Restaurant Guppy Tea House Café 17. KFC The Flame Broiler Bowlology The Kickin Crab 18. Citrus Cafe Fresh Brothers Caffe Yoga Kula Revolving Sushi Bar 19. Maki Zushi G Burger Chick-fil-A Lollicup Coffee & Tea 20. All that BBQ H20 Poke & Grill Daphne’s California Greek Meet Fresh Taiwanese Desserts 21. Little Sheep Mongolian Hot Pot Hopdoddy Burger Bar Dirty Cookie Papaya Thai Bistro In-n-Out Burger Burgers and Fries Pho Saigon Pearl Islands Fine Burgers and Drinks Ike’s Love & Sandwiches Spice Bar HOTELS Lazy Dog Restaurant and Bar In-N-Out Burger SWSH Shabu Shabu Luna Grill It’s Boba Time Tokyo Table - Tokyo City Cuisine 1. Residence Inn Macaroni Grill J. Zhou Oriental Cuisine Urban Seoul 2. Fairfield Inn The Melt JT Schmid’s Restaurant & Brewery Yi-Gah Korean Cuisine 3. Embassy Suites Miguel’s Jr. Homestyle Mexican Food Juice It Up Mizu Sushi Bar & Grill Lucille’s Smokehouse Bar-B-Que 4. Holiday Inn SERVICE/RETAIL 5. Candlewood Suites Natraj’s Tandoori Luna Rossa Ristorante Nekter Juice Bar Mendocino Farms Milk Box 1. Target FITNESS Piadina - Italian Market Mobtown Pizza 2. 99 Ranch Market Pieology Pizzeria Nothing Bundt Cakes 3. Trader Joe’s 1. 24 Hour Fitness Rubio’s 4. WalMart 2. My Gym Children’s Fitness Center Sawleaf Vietnamese Café Planet Fitness 5. Staples 3. Wildfire Gymnastics See’s Candies RA Sushi 6. Home Depot 4. CrossFit Tustin Snooze, an A.M. Eatery Gourmet Burgers 7. Lowe’s 5. Olympia Training Center Starbucks Coffee Rocky Mountain Chocolate Factory 8. Costco 6. Full Circle Fitness Taco Bell Sharky’s Woodfired Mexican Grill 9. Michael’s 7. Planet Fitness Taco Rosa Subway 10. Jo-ann Fabric & Craft Stores 8. Sender One Climbing, Yoga, Fitness Taps Fish House & Brewery Thai Bamboo Bistro 11. Petsmart 9. A Fitness Club Texas de Brazil The Flame Broiler 12. Whole Foods Market INVESTMENT ANALYSIS

INVESTMENT VALUATION

Tenant Braxton Caribbean Manufacturing Co., Inc. (www.braxtonmfg.com) CAP RATE 5% Building SF 31,121

Lease Term Expires January 31, 2025 NOI $293,401 Monthly Rent Schedule Months Total Rent Rent/SF 2/1/2017 $27,557.92 $0.886 2/1/2018 $28,384.66 $0.922 Purchase Price $5,868,016 2/1/2019 $29,236.20 $0.939 2/1/2020 $30,113.00 $0.968 2/1/2021 $31,016.00 $0.997 Price PSF $188.55 2/1/2022 $31,947.00 $1.027 2/1/2023 $32,905.00 $1.057 2/1/2024 $33,893.00 $1.089

Lease Type Industrial Gross

Operating Expenses Property Tax Base Year $15,868.00 Property Insurance Base Year $4,892.00 Vacancy/Mgmt. Reserve (5%) $16,534.76 Annual Net Operating Income $293,401.00

Lease Terms Base Year - 2010 Tenant has two (2) 5-year options to renew at FMV, but not less than the last month’s rent

2641 WALNUT TUSTIN• CALIFORNIA

EXCLUSIVE AGENTS:

J. CHIP WRIGHT DAVE DESPER +1 949 725 8526 +1 949 725 8504 Lic. 0899669 Lic. 01094144 [email protected] [email protected]

3501 Jamboree Rd., Ste 100 | Newport Beach, CA 92660

www.cbre.com

© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. 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. Newport Beach / 2641 Walnut Investment Brochure