2 NNN Assets with 50,000 SF of Land GARNET AVENUE

4711 MISSION BAY DRIVE 2804 GARNET AVENUE

2 NNN assets with 50,000 SF of land

BALBOA AVENUE MISSION BAY DRIVE TABLE OF CONTENTS

Executive Summary Investment Summary 4 Lease Abstract 4 Parcel Map & Zoning 7 Competitive Sets 10

Tenant Profile Overview 14 McDonalds 16 GARNET AVENUE 76® (Phillips 66) 20

Market Overviews MISSION BAY DRIVE Amernities Aerial 26 San Diego Trolley Expansion 28 Pacific Beach Overview 32 Mission Bay Overview 33 San Diego Overview 34 Demographics 35 EXECUTIVE SUMMARY

TREMENDOUS UPSIDE SUPERB INGRESS / EGRESS The close proximity to Mission Bay Park, Mission Bay Golf Course & Located on the AM side of Garnet Avenue and Mission Bay Practice Center and to the future Balboa Avenue Trolley Stop and Drive, this asset is accessed by four (4) different curb cuts amenities provide to complement the coastal lifestyle, and include a at a signalized intersection. public plaza for the community to gather and enjoy.

UNPARALLELED LOCATION Situated at the gateway to San Diego’s Mission Bay Park in the Pacific Beach community with direct access to Interstate 5 and in close proximity to Interstate 8 and Highway 52.

LOCATION. LOCATION. LOCATION. Arguably one of, if not, the busiest intersections in the City of San Diego. INVESTMENT SUMMARY McDONALD’S CORPORATION, a Delaware Corporation 4711 Mission Bay Drive, San Diego, CA 92109 We are pleased to offer qualified investors a rare opportunity to acquire a COMMENCEMENT DATE June 1, 2000 fee simple (land and building) property BUILDING SF 3,234 SF leased to McDonald’s [NASDAQ:MCD], LOT SF 36,154 SF & 76 (Phillips 66) [NASDAQ:PSX]. The BASE RENT $11,865.24 /mo. NNN 12.5% property is located in an exceptional BASE RENT INCREASES One (1) Year and Two (2) months area of San Diego, California in arguably LEASE TERM REMAINING OPERATING EXPENSES Tenant is full triple net and covers all taxes, maintenance, one of, if not, the busiest intersection in and insurance. the City of San Diego. OPTION TO EXTEND Four (5) five year options with 12.5% increases. This asset is superbly located just 2 » Option 1: $13,348.40 September 1, 2020 - August 31, 2025 » Option 2: $15,016.95 September 1, 2025 - August 31, 2030 miles west from the Pacific Ocean in the » Option 3: $16,894.07 September 1, 2030 - August 31, 2035 » Option 4: $19,005.83 September 1, 2035 - August 31, 2040 affluent community of Pacific Beach, just South of San Diego’s pristine

La Jolla Cove and just north of San 76® (Phillips 66) Diego’s coveted Mission Bay. The site is 2804 Garnet Avenue, San Diego, CA 92109 situated off Garnet Avenue and Mission COMMENCEMENT DATE April 1, 1990 Bay Drive and surrounded by residents BUILDING SF 2,329 SF from Pacific Beach, Clairemont, Bay LOT SF 14,600 SF Park, and Mission Bay. The 5-mile BASE RENT $16,729.63 /mo. NNN radius of households is close to 146,110. BASE RENT INCREASES 15%

Owned under the same private family LEASE TERM REMAINING One (1) Year and One (1) month trust since the early 1900’s, the Harris OPERATING EXPENSES Tenant is full triple net and covers all taxes, maintenance, and insurance. Family Trust has decided to sell and OPTION TO EXTEND Two (2) five year options with 15% increases. all go their own seperate ways. No 1031 » Option 1: $16,729.63 August 1, 2015 - July 31, 2020 Exchange will be entered into. » Option 2: $19,239.07 August 1, 2020 - July 31, 2025 163,000 ADT

Balboa Avenue Trolley Station

INTERSTATE 5 BALBOA AVENUE

147,000 ADT

MISSION BAY DRIVE LIST PRICE $9,150,000

37,440 ADT CAP RATE 4.27% 2020 NET 62,418 ADT OPERATING INCOME $391,049.64

Both tenants are corporate signature, full triple net covering all property GARNET AVE maintenance, property insurance and property taxes.

MISSION BAY DRIVE Less than a I-5 minute away Freeway Access

VERY CLOSE PROXIMITY TO BALBOA AVENUE TROLLEY STATION

Somwhat 86 Walkable Walking Score

Very 86 Bikeable Bike Score PARCEL MAP & SUMMARY 49,901 SQ. FT. TOTAL COMBINED LAND

PARCEL NO. (APN) 424-572-02-00 424-572-03-00 TENANT McDonald's Corporation 76® (Phillips 66) PROPERTY ADDRESS 4711 Mission Bay Drive, San Diego, CA 92109 2804 Garnet Avenue, San Diego, CA 92109 BUILDING SF 3,336 SF 2,329 SF LOT SF 36,154 SF (0.83 Acres) 13,747 SF (0.32 Acres) LAND USE General Commercial General Commercial ZONING CODE CC-4-2 or IL-3-1* CC-4-2

ZONING HIGHLIGHTS

CC-4-2. Intended to accommodate development with high intensity, strip commercial characteristics and permits a maximum density of 1 dwelling unit for each 1,500 square feet of lot area.

Permitted Use. Multifamily, school, retail, drive-thru, parking, office, and (all) auto.

MULTI-FAMILY 1 DU / 1,500 SF MAX SETBACKS 10 feet (interior side) / 10 feet (rear) FAR 2.0 MAX HEIGHT 60 feet

IL-3-1*. Intended to permit a range of uses, including nonindustrial uses in some instances.

Permitted Use. Allows a mix of light industrial, office, and commercial uses. CUP. Marijuana Outlet; not allowed within 1,000 ft of the following: resource and population-based City parks; churches; child care centers; playgrounds; City libraries; minor-oriented facilities; other Marijuana Outlets; residential care facilities; or schools (as defined in SDMC Section 141.0504) FAR 2.0 Max Setbacks Rear Street Side Interior Side Front Minimun 25 feet 25 feet 10 feet 20 feet Garnet Avenue

Mission Bay Drive

Balboa Avenue SALE COMPARABLES

1 2 3 4 5

ADDRESS: 1850 5TH AVENUE 925 ORANGE AVENUE 26241 AVERY PARKWAY 5716 ATLANTIC BLVD 8200 PARKWAY DRIVE San Diego, CA 92101 Coronado, CA 92118 Mission Viejo, CA 92692 Maywood, CA 90270 La Mesa, CA 91942 BUYER: JJ San Diego, LLC Rosvold Properties, LLC Theresa Matias Asia Sea Investments, Inc. Kumiva Group, LLC SELLER: HP Investors MetLife, Inc. Pacific Castle, Inc. Elliot Megdal & Associates Midtown National Group TENANT: CVS Walgreens Del Taco Starbucks Chick-fil-A SALE DATE: January 2018 November 2013 May 2018 November 2017 March 2018 SALE PRICE: $9,425,000 $7,740,000 $4,100,000 $3,868,000 $3,670,000 AVG. PRICE PSF: $939.87 /SF $815.60 /SF $1,863.64 /SF $2,148.89 /SF $810.87 /SF CAP RATE: 3.70% 3.90% 3.72% 3.99% 3.79% BUILDING SIZE: 10,028 SF 9,490 SF 2,200 SF 1,800 SF 4,526 SF LAND AREA: 24,829 SF [0.57 AC] 27,878 SF [0.64 AC] 153,000 SF [3.51 AC] 16,361 SF [0.38 AC] 41,382 SF [0.95 AC] LAND PRICE PSF: $379.60 /SF $277.64 /SF $26.80 /SF $236.42 /SF $82.69 /SF YEAR BUILT / RENOV.: 1965 1975 1991 2017 2017 PARKING RATIO: 3.3/1,000 SF 4.0/1,000 SF 6.4/1,000 SF Undisclosed Undisclosed

6 7 8 9 10

ADDRESS: 569 H STREET 1359 GARNET AVENUE 420 NORTH COAST HIGHWAY 1702 MISSION AVENUE 2780 GARNET AVENUE Chula Vista, CA 91910 San Diego, CA 92109 Oceanside, CA 92054 Oceanside, CA 92058 San Diego, CA 92109 BUYER: Vachaspathi Palakodeti KLNB Harry Guzelimian Scott G Stone Baba Partners, LLC SELLER: Matt Moser Edward E Colson III Trust Andy Hirmez Blake Megdal Ent SD, LLC TENANT: Chipotle Starbucks Circle K Starbucks Enterprise Rent-A-Car SALE DATE: January 2015 October 2018 March 2019 July 2016 March 2019 SALE PRICE: $3,125,000 $3,100,000 $2,645,000 $2,600,000 $2,300,000 AVG. PRICE PSF: $813.80 /SF $2,019.54 /SF $1,255.94 /SF $3,058.82 /SF $1,533.33 /SF CAP RATE: 4.00% 3.90% 4.00% 3.90% 3.57% BUILDING SIZE: 3,840 SF 1,535 SF 2,106 SF 850 SF 1,500 SF LAND AREA: 12,632 SF [0.29 AC] 9,374 SF [0.22 AC] 10,018 SF [0.23 AC] 17,049 SF [0.39 AC] 16,117 SF [0.37 AC] LAND PRICE PSF: $247.39 /SF $330.70 /SF $264.02 /SF $152.50 /SF $142.71 /SF YEAR BUILT / RENOV.: 2014 1979 1973 2016 2012 PARKING RATIO: 8.9/1,000 SF 7.8/1,000 SF 5.5/1,000 SF Undisclosed Undisclosed TENANT PROFILE

MCDONALD’S CORPORATION [A-Credit Rating] 4711 Mission Bay Drive, San Diego, CA 92109

The subject site is a rare opportunity to acquire a 3,234 SF free standing building located in the heart of Pacific Beach situated on 36,154 SF of land. This freestanding drive-thru is one of the most rare drive-thru’s in all of the Pacific Beach area and situated on the entrance and exit of Interstate 5. Any person entering in to Pacific Beach, must pass by this location. The initial lease term is for twenty (20) years, and another twenty years of options consisting of four (4) five (5) year options to extend at 12.5% annual increases.

There is no better real estate in the entire Pacific Beach area for a Drive-Thru McDonalds. There is also no other real estate that can be put together in a better area to create a drive thru which makes McDonalds unable to relocate to another location if they ever wanted too. Furthermore, this location is on the AM side of traffic in the morning where Interstate 5 has it’s entrance. There are two signals, one to the north and one to the south. This also brings the ability to enter this location from any direction at anytime.

3,234 SF 36,154 SF 2000 Drive Thru Building Size Land Size Year Built Access 76® (Phillips 66) [A-Credit Rating] 2804 Garnet Avenue, San Diego, CA 92109

This high profile 76® Service Station business opportunity is located in the Pacific Beach submarket of San Diego. This station is situated next to a McDonalds and Chase Bank at the heavily trafficked intersection of Garnet Avenue and Mission Bay Drive. This high profile corner lot displays average daily traffic counts of 62,100.

The station is situated with 12 covered pumps, a convenience store and 3 service bays. An average of the yearly production displays monthly gallon sales of 92,165 with an average profit margin of $0.357 per gallon, monthly store sales total $15,503 and monthly service bay sales total $37,363. Due to the limited number of Stations in Pacific Beach, an opportunity such as this rarely comes available.

1932 2,329 SF 14,600 SF 3 12 Open to Public Building Size Land Size Service Bays Gas Pumps TENANT PROFILE

McDonald’s sells over 75 burgers every single second. McDonald’s is an American hamburger and the world’s largest fast food restaurant chain.

Tenant McDonald’s Corporation, a Delaware Corporation Property Address 4711 Mission Bay Drive, San Diego, CA 92109 Rent Schedule Initial Term »»June 2, 2000 – August 31, 2020 $11,865.24 First (1ST) Extended Term »»September 1, 2020 – August 31, 2025 $13,348.40 Second (2ND) Extended Term »»September 1, 2025 – August 31, 2030 $15,016.95 Third (3RD) Extended Term »»September 2030 – August 31, 2035 $16,894.07 Fourth (4TH) Extended Term »»September 2035 – August 31, 2040 $19,005.83

»»Tenant has four (4) five (5) year options to extend starting September 1, 2020. Each five (5) year option extended goes up by 12.5%.

»»Important Facts | Landlord of service station is prohibited under McDonalds Lease to develop Service Station property into a restaurant that derives more than 25% of its gross revenues from sale of hamburgers or to a tenant that competes with McDonald’s restaurants, including Carl’s Jr., Burger King, Jack in the Box, Wendy’s, Rally’s, A&W Root Beer, or In-N-Out.

◄◄ CLICK THE LOGO FOR MORE INFORMATION FROM THE MCDONALDS ON THEIR WEBSITE NYSE: MCD McDonald’s is an American fast food company, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California. They rechristened their business as a hamburger stand, and later turned the company into $190.71 a franchise, with the Golden Arches logo being introduced in 1953 at a location in Phoenix, Arizona. In 1955, Ray Kroc, a 0.84 (+0.44% ) businessman, joined the company as a franchise agent and proceeded to purchase the chain from the McDonald brothers. VOLUME: 2,438,360 McDonald’s had its original headquarters in Oak Brook, Illinois, (AS OF 04/05/2019) but moved its global headquarters to Chicago in early 2018.

McDonald’s is the world’s largest restaurant chain by revenue, serving over 69 million customers daily in over 120 countries, across 37,855 outlets as of 2018. Although McDonald’s is best known for its hamburgers, cheeseburgers and french A CREDIT RATING fries, they also feature chicken products, breakfast items, soft drinks, milkshakes, wraps, and desserts. In response to changing consumer tastes and a negative backlash because of the unhealthiness of their food, the company has added to Name Stock its menu salads, fish, smoothies, and fruit. The McDonald’s McDonald’s MCD Corporation revenues come from the rent, royalties, and fees paid by the franchisees, as well as sales in company- Founded Employees operated restaurants. According to two reports published in 1940 1.7 Million+ 2018, McDonald’s is the world’s forth-largest private employer with 1.7 million employees (behind Walmart with 2.3 million Locations Employees employees. 37,855+ 120 Countries Ray Kroc’s vision was that there would be 1,000 McDonald’s restaurants solely in the United States. Yet, McDonald’s continued to grow and expand into international markets beginning in 1967 opening in Canada and Puerto Rico. Today, the company has over 36,000 restaurants in over 100 nations. TENANT PROFILE

Go With the Spirit...the Spirit of “76”! Tenant 76® (Phillips 66) Property Address 2804 Garnet Avenue, San Diego, CA 92109 Property Lease History »»April 1, 1990 Commencement Date »»March 1997 Unical Assigned Lease to Tosco Corporation »»April 1, 2000 Tosco Corporation Lease is extended through July 31, 2025 (inclusive of all options) »»January 1, 2003 Tosco merged with ConocoPhillips »»May 25, 2010 ConocoPhillips assigned lease to Western Dealer Holding Company, but remains liable for all lease terms »»January 18, 2013 Western Dealer sublet the lease to Mission Bay 76, LLC, who is the current operator (still under Unical/Tosco parent corporate signature). 2018 Gross Revenues $38.7 billion 2018 Net Operating Income $6.3 billion Service Station Rent Schedule »»August 1, 2015 – July 31, 2020 $16,729.63 »»August 1, 2020 – July 31, 2025 $19,239.07

»»Lease expires with no further options July 31, 2025. At this time the Landlord can renegotiate a new fair market lease with 76® or go to market and lease to another fuel station operator.

»»Important Facts | Landlord is prohibited under McDonalds Lease to develop Service Station property into a restaurant that derives more than 25% of its gross revenues from sale of hamburgers or to a tenant that competes with McDonald’s restaurants, including Carl’s Jr., Burger King, Jack in the Box, Wendy’s, Rally’s, A&W Root Beer, or In-N-Out.

»»ConocoPhillips, Western Dealer Holding Company, and Mission Bay 76, LLC are all liable and responsible for contractual obligations of the Service Station Lease.

◄◄ CLICK THE LOGO FOR MORE INFORMATION FROM THE CONOCO-PHILLIPS ON THEIR WEBSITE 76® (formerly Union 76) is a chain of gas stations located within the United States. Founded by Lyman Stewart of the Union Oil Company of California or “Unocal” in 1932. The brand quickly became a landmark NYSE: PSX across the West Coast, from Los Angeles to Spokane.

The 76 brand is currently owned by Phillips 66 Company. Union Oil Company of California, dba Unocal, the original owner and creator of $97.79 the Union 76 brand, merged with Chevron Corporation in 2005. 76, Conoco, and Phillips 66 market their brand of gasoline under the +0.93 ( 0.96% ) brand name PROclean. The previous brand name for their gasoline VOLUME: 2,913,707 was Propower. 76 gasoline stopped being marketed under the Propower name after the termination of the commercial relationship (AS OF 04/05/2019) between NASCAR and 76 after the end of the 2003 season when the firm discontinued all motorsport fuels. As of October 2004, PROclean brand fuel was included onto the list of fuels recognized as “Top Tier”.

Phillips 66, headquartered in Houston, Texas, was incorporated in Delaware in 2011 in connection with, and in anticipation of, a A CREDIT RATING restructuring of ConocoPhillips that separated its downstream businesses into an independent, publicly traded company named Phillips 66. The two companies were separated by ConocoPhillips distributing to its stockholders all the shares of common stock of Name Stock Phillips 66 after the market closed on April 30, 2012 (the Separation).

Phillips 66 PSX Phillips 66 business is organized into four operating segments: Midstream, Chemicals, Refinging, and Marketing & Specialties. 76® Founded Employees fall under the Market & Specialties segment which markets gasoline, 1940 14,200+ diesel and aviation fuel through independently owned outlets that utilize the Phillips 66, Conoco or 76® brands. At December 31, 2018, Locations Employees they had approximately 7,520 independently owned marketing 9,150+ 16 Countries outlets in 48 states and 1,310 marketing outlets in Europe, of which 985 were company owned and 325 were dealer owned. In addition, we had interests in 320 additional sites through our COOP joint venture operations in Switzerland. California based Union Oil first introduced 76® gasoline in 1932. The iconic orange ball made its debut in 1962 as gas station signage. Shortly after, in 1967, stations began distributing the popular “antenna balls” which are still seen on cars today. MARKET OVERVIEW

Pechanga Arena Bahia Resort OLD TOWN Paradise Point Resort & Spa Pacific Ocean

Catamaran Mission Bay Resort & Spa Crystal Pier Hotel & Cottages Tecolote Rd Fiesta Island Park

PACIFIC BEACH Grand Ave

Garnet Ave

Gresham St Mission Bay Pacific Beach Dr Park Ingraham St Pacific Plaza I Clairemont Dr Mission Bay High School Lamont St

Mission Bay Golf Course Kate Sessions Grand Ave Park SAN DIEGO Mission Bay Dr Garnet Ave Soledad Mountain Rd Morena Blvd

CLICK THE TROLLEY TO VIEW THE Balboa Avenue Trolley Station MID-COAST TROLLEY EXTENSION (schedule completion ROUTE FLYOVER VIDEO 12/31/2020)12/31/2020

Clairemont Dr Balboa Ave

Clairemont High School Pechanga Arena Bahia Resort OLD TOWN Paradise Point Resort & Spa Pacific Ocean

Catamaran Mission Bay Resort & Spa Crystal Pier Hotel & Cottages Tecolote Rd Fiesta Island Park

PACIFIC BEACH Grand Ave

Garnet Ave

Gresham St Mission Bay Pacific Beach Dr Park Ingraham St Pacific Plaza I Clairemont Dr Mission Bay High School Lamont St

Mission Bay Golf Course Kate Sessions Grand Ave Park SAN DIEGO Mission Bay Dr Garnet Ave Soledad Mountain Rd Morena Blvd

Balboa Avenue Trolley Station (schedule completion 12/31/2020)12/31/2020

Clairemont Dr Balboa Ave CLICK HERE TO VIEW ASSET PROPERTY & SURROUNDING Clairemont High School SITE AREA FLYOVER VIDEO SAN DIEGO TROLLEY EXPANSION [CURRENTLY UNDERWAY & TO BE COMPLETED BY DECEMBER 31, 2020] BALBOA AVENUE STATION | BLUE LINE TROLLEY

THE ROUTE The Station is part of the Blue Line Trolley line from Downtown to the University community.

IMPROVEMENTS TO REGIONAL AMENITIES Recommended improvements sought to improve connectivity and access to regional amenities such as Mission Bay Park, Rose Creek Bike Path, and Pacific Beach. THE SPECIFIC PLAN The plan helps implement the goals and objectives by increasing employment and housing opportunities near transit; promoting walking and bicycle use as viable travel choices; and improving transit access and frequency.

THE STOP The Station will be at-grade with canopies for seating, a bus platform, a pedestrian bridge over Balboa Avenue, sidewalks, bicycle lockers, traffic signals, a drop-off area, a surface parking lot, and other circulation and landscape improvements. LEGEND

Planned Balboa Avenue Station

Baseline Bicycle Facilities Class I Class II Class III AVATI DR Planned Bicycle Facilities Class I Class II Class III Bicycle Boulevard Class IV MORENA BL Shared Bus-Bike Lane Project Site McDonalds Parcel 76 (Gas Station) Parcel

BALBOA AV SOUTHVIEW DR SOUTHVIEW

MISSION BAY DR

MORAGA AV BLUFFSIDE AVE MONAIR DR

DAMON AV

SANTA FE ST

DE SOTO ST

ALBUQUERQUE ST BALBOA AV

GARNET AV

MISSION BAY DR Shared-Use Pedestrian Rose Creek GARNET AV and Bicycle Connection

FIGUEROA BL MAGNOLIA AV

BOND ST MAGNOLIA AV

DEL REY ST GARNET AV BUNKER HILL ST REVERE AV HORNBLEND ST

GRAND AV

GLENDORA ST MORENA BL

MISSION BAY DR

GARNET AV GRAND AV ROSEWOOD ST The specific plan envisions a thriving, mixed-use urban environment thatprovides multiple opportunities for living and working near the Balboa Avenue Transit Station. The specific plan envisions building designs and streetscapes that suport pedestrian activity.

POLICIES 1 Support pedestrian and transit-oriented development to create a vibrant community village in the Balboa Station Area.

2.1.2 Encourage ground floor active commercial frontages along Mission Bay Drive and Garnet Avenue in mixed use developments. Active Commercial Frontages, as shown in Figure 2-1, include retail, eating and drinking establishments, and other uses that foster pedestrian activity.

2.1.3 Promote a cluster of activities and services to establish a balance of housing, jobs, shopping, schools, and recreation, providing residents and employees with the option of walking, bicycling or using transit in place of driving.

2.1.5 Support diverse, balanced, and affordable housing. 2.1.6 Incorporate multi-family housing to achieve maximum allowed densities and support workforce housing.

2.1.7 Support the development of small lot single family units and townhouses. 01/25/2018

2.1.8 Encourage the development of affordable and senior housing units at different income levels.

2.1.9 Promote a mixture of ground floor residential and commercial uses along Del Rey Street and Revere Avenue.

2.1.10 Encourage the inclusion of on-site affordable housing units in residential developments.

2.1.11 Support SANDAG and MTS’s consideration of a transit-oriented development at the Balboa Avenue Trolley Station. Morena Blvd Morena Mission Bay Dr

Balboa Ave Santa Fe St 01/25/2018

Balboa Ave

Interstate 5

Garnet Ave

Figure E-5 Balboa Avenue Figure E-4 ix Balboa Avenue Station Area Specific Plan │ Traffic Impact Study Mission Bay Drive at Garnet Avenue December 2017 viii Balboa Avenue Station Area Specific Plan │ Traffic Impact Study December 2017 ITY OF SAN DIEGO, CA ITY OF SAN DIEGO, C Balboa Avenue Speci c Plan Balboa Avenue ITY OF SAN DIEGO, CA ITY OF SAN DIEGO, C Balboa Avenue Speci c Plan Balboa Avenue THRIVING, MIXED-USE URBAN ENVIRONMENT The plan envisions a thriving, mixed-use urban environment that provides multiple opportunities for living and working near the Balboa Avenue Transit Station.

◄◄ CLICK THE LOGO TO VIEW THE MID-COAST TROLLEY EXTENSION ROUTE FLYOVER VIDEO PACIFIC BEACH

The properties sit on the corner of Mission Bay Drive and merge of Balboa and Garnet Avenues separating Mission Bay, and the communities of Pacific Beach and Clairemont within the City of San Diego. Pacific Beach is bounded by La Jolla to the north, Mission Beach and Mission Bay to the south, Interstate 5 to the east and the Pacific Ocean to the west.

The Pacific Beach community is an epicenter for both San Diegans and vacationers who enjoy its sandy beaches and Garnet Avenue’s vibrant commercial district. New restaurants have been opening in older commercial properties and the revitalization is not only enhancing the experience for their guests but improving the aesthetics of the neighborhood.

In the recent past, Pacific Beach attracted students, young professionals, surfers and young families, but that has started to shift over the last several years. Established professionals along with their families and retirees have been moving into the area for its walkable amenities, close proximity to the beach and more affordable coastal homes compared to its northern La Jolla neighbor. MISSION BAY

Mission Bay is a saltwater bay or lagoon located south of the Pacific Beach community of San Diego, California. The bay is the largest aquatic park of its kind in the country. It consists of over 4,235 acres in roughly equal parts land and water. Mission Bay boasts 27 miles of shoreline, 19 of which are sandy beaches with eight locations designated as official swimming areas.

Annual attendance in the park is estimated at 15 million.

At the west end is a network of channels and islands - a perfect spot for everyone from windsurfers to water- skiers. You can swim, enjoy the sun or rent a boat to explore the thousands of acres of waterways.

Mission Bay Park offers boat docks and launching facilities, sailboat and motor rentals, bike and walk paths, basketball courts and playgrounds for children. It is one of San Diego’s most fun-filled spots to visit.

Many people prefer to stay on shore and spend their leisure picnicking, riding a bike along the paths, playing volleyball, or flying a kite. There are close to 14 miles of bike paths along Mission Bay.

Public restrooms and showers are available and lifeguard stations are located in designated areas.

JUST LIVE HEALTHY LIVE ACTIVE LIVE SAN DIEGO San Diego County combines a commitment to innovation, abundant culture and entertainment, and an unrivaled climate. At 4,526 square miles, the County includes 18 incorporated cities. The population of San Diego County stands at 3.3 million, making San Diego the 2nd most populous county in California and the 5th in the United States. The City of San Diego is the 8th largest city in the nation.

The county grew by 0.93% in 2014, outpacing both the state of California and the nation. San Diego’s steady population growth should exceed the nation’s average through 2017 due to its above- average economic trends and favorable demographics. During the next 30 years, the San Diego region is expected to grow exponentially. It will need to accommodate an additional 1.9 million residents, 400,000 housing units and 500,000 jobs.

San Diego is one of the most desirable places to live in the nation, if not the world. Residents enjoy near perfect weather, the Pacific Ocean to the west, mountains and desert recreation areas to the east and an endless array of activities every day of the year. San Diegans see more sunshine than any other major metropolitan area, allowing them to enjoy the numerous golf courses, hiking trails, water activities and 70 miles of beaches along the gorgeous Pacific Ocean. Local attractions, for tourists and residents, are some of the best in the nation. The world renowned San Diego Zoo is home to over 4,000 animals and attracts 5 million visitors a year, SeaWorld attracts 4.3 million visitors annually, and the San Diego Zoo Safari Park shows off wild animals in their natural setting in a 1,800-acre wildlife preserve. Other attractions include the Scripps Aquarium, Balboa Park with its numerous museums, the San Diego Padres Major League Baseball team, the National Football League’s San Diego Chargers, and the annual PGA golf tournament at Torrey Pines municipal golf course. AREA QUICK STATS HIGHLIGHTS 5 MILE RADIUS DEMOGRAPHICS

1 MILE 3 MILES 5 MILES

EXCEPTIONAL BAY / Population (2018) 16,229 136,071 345,015 BEACH PROXIMITY 345,015 Projected Population (2023) 16,952 140,315 359,580 Residents Avg Household Size 2.15 2.27 2.23 Avg Household Income $91,129 $106,916 $105,235 Median Age 36.5 37. 0 34.6 Median Home Value $778,159 $681,205 $665,896 ABUNDANT FOOT TRAFFIC 146,110 Households

TRAFFIC COUNT

EXTENSIVE BIKE CROSS-STREETS DISTANCE ADT PATHS UNDERWAY $74,890 Garnet Avenue & Mission Bay Drive 0.03 miles 62,418 Median HH Income

Garnet Avenue & Albuquerque Street 0.01 miles 44,735

I-15 & Damon Street 0.09 miles 147,000

Balboa Avenue & Santa Fe Street 0.01 miles 53,257

VERY CLOSE I-15 & Balboa Avenue 0.34 miles 163,000 PROXIMITY TO BALBOA AVENUE 81.6% TROLLEY STATION College Educated MARKET EXPERTS

Kipp Gstettenbauer, CCIM Senior Vice President 858.458.3345 [email protected] Lic. #01405420

Brandon Keith Senior Vice President 858.458.3326 [email protected] Lic #011177792

Ryan King Vice President 858.458.3322 [email protected] Lic. #01885401

4180 La Jolla Village Drive, Suite 100, La Jolla, CA 92037 858.453.0505 | 858.408.3976 Fax | Lic #01991785 www.voitco.com

Licensed as Real Estate Brokers by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. ©2019 Voit Real Estate Services, Inc. All Rights Reserved.