5520 Ruffin Road EXCLUSIVE ADVISORS

R 5520 Ruffin Road EXCLUSIVE ADVISORS 123 Camino de la Reina Matt Midura Doug Ceresia, SIOR, CCIM Josh Buchholz Suite 200 South 619.241.2383 619.241.2388 619.241.2380 San Diego, CA 92108 [email protected] [email protected] [email protected] 619 497 2255 2 Lic # 01826378 Lic # 01314250 Lic #01761228 naisandiego.com TABLE OF CONTENTS R 1 EXECUTIVE SUMMARY 5520 2 PROPERTY DESCRIPTION Ruffin Road 3 MARKET OVERVIEW 4 FINANCIAL ANALYSIS 123 Camino de la Reina Suite 200 South NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION 123 Camino de la Reina San Diego, CA 92108 CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR Suite 200 South OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL 619 497 2255 LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE San Diego, CA 92108 naisandiego.com CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. 619 497 2255 naisandiego.com Executive Summary PROPERTY NAI San Diego has been retained on an exclusive basis by the Owner to market for sale the two story office building located at 5520 Ruffin Road, San Diego CA to DESCRIPTION qualified principals. R 5520 Ruffin Road features easy access to I-15, Highway’s 52 & 163 and Clairemont Mesa Boulevard. It is near restaurants, retail and hotels and 5520 the new Kaiser Memorial Hospital. The building has 49 parking spaces and Ruffin Road is partially owner occupied. The subject property was built in 1975 and is a 16,434 SF, multi-tenant office building on a 0.85 acre site. It consists of two floors with the Owner’s suite on the first floor. The common areas are well maintained and the exterior of the building is well landscaped. This offering provides an exciting opportunity for an Owner User. Executive Summary 4 Address 5520 Ruffin Road PROPERTY San Diego, CA 92123 Submarket Kearny Mesa DESCRIPTION Purchase Price $4,250,000 Project Size 16,434 RSF Building Class B Number of Buildings 1 APN # 369-191-23 Stories 2 Year Built 1975 Parking 49 Surface Parking Spaces Available Construction Type Wood Frame with Stucco Cover Foundation The foundation consists of reinforced concrete slab with basement Roof White cool roof installed approximately 10 years ago Elevators N/A HVAC Roof Mounted Packaged Units Electrical Suites are Separately Metered Utilities Water/Sewer, City of San Diego; Electricity/Gas, San Diego Gas & Electric Landscaping The project features concrete curbs and walkups through the exterior and side parking areas Internet Fiber (Cox and AT&T) Power 1,000 AMPS of 110v; 300 AMPS of 208v Monthly Income $6,196.00 from Tenants 5 Pacific Ocean SITE DESCRIPTION Address 5520 Ruffin Road, San Diego, CA 92123 Location This two-story property is located east of Highway 163, and West of Interstate 15 in the Kearny Mesa submarket. 3 Miles West 1 Mile North 4 Miles West .7 Miles East Access The Property is accessible by one entrance off of Ruffin Road Zoning IL-2-1 Lot Size .85 Acres APN 369-191-23 9 Montgomery Field Raytheon Intergrated Defense Solar Turbines SDGE Sharp Healthcare Bridgepoint Education Cubic Corporation Northrop Grumman Jack In The Box Superior Courthouse Toby Wells YMCA National University County of San Diego NEW Kaiser Permanente Operations Center 2017 Completion Ruffin Road R R 5520 Ruffin Road Clairemont Mesa Blvd. NEW Kaiser Permanente Medical Center Ruffin Road FIRST FLOOR 12 SECOND FLOOR 13 MARKET OVERVIEW San Diego County San Diego County with more than 3.3 million residents is the fifth largest county in America. Bordered by the Pacific Ocean to the west, the Anza- Borrego Desert and the Laguna Mountains to the east, Marine Corps Base Camp Pendleton to the North and Mexico to the south, the diverse neighborhoods of San Diego are spread out over 4,200 square miles. With its year-round warm climate, 60 miles of coastline and appealing work, live, play lifestyle, the city is highly desirable. Referred to as America’s finest City, the City of San Diego boasts a citywide population of nearly 1.3 million residents and more than 3 million residents county-wide. It encompasses 18 incorporated cities and numerous other charming neighborhoods and communities, including downtown’s historic Gaslamp Quarter, Little Italy, Coronado, La Jolla, Del Mar, Carlsbad, Escondido, La Mesa, Hillcrest, Barrio Logan and Chula Vista just to name a few. The city is the heart of San Diego County and is the economic center of the region as well as the San Diego–Tijuana metropolitan area. San Diego’s main economic engines are military and defense-related activities, tourism, international trade, manufacturing and the especially rapidly growing high tech industry. San Diego hosts several major producers of wireless cellular technology. Qualcomm was founded and is headquartered in San Diego and is one of the largest private-sector employers in San Diego. The presence of the University of California, San Diego (UCSD), with the affiliated UCSD Medical Center, has helped make the area a center of research in biotechnology. Recently, San Diego was designated by a Forbes columnist as the best city in the country to launch a small business or startup company. 14 San Diego is the fifth largest county in the United States and the second largest in California. By 2020, the County’s Population population is forecasted to be 3.54 million people. 3.3 Million According to most recent information collected for the San Diego County Housing and CommunityDevelopment Services data, the 2017 Area Median Income (AMI) for San Diego County is $79,300 The California Department of Income Transportation is forecasting real average salaries rising by an average of 1.4 percent per year from 2014 to 2019. $79,300 According to the State of California Employment Development Department, as of September 2017 the San Diego County unemployment rate was 4.1%, which is the lowest level since May 2007. The County unemployment rate of Unemployment 4.1% compares favorably with the state of California’s unemployment rate of 5.1% and 4.2% for the nation. 4.1% San Diego is served by a network of freeways and highways, the San Diego Trolley light rail system, the SDMTS bus system, and Coaster and Amtrak Pacific Surfliner commuter rail . There are two Amtrak stations in San Diego, in Old Town and the Santa Fe Depot downtown. The city’s primary commercial airport is the San Diego International Airport, also known as Lindbergh Field. It is located along the San Diego Bay, 11.5 miles from the subject property in Kearny Mesa. In addition, the city itself Transportation operates two general-aviation airports, Montgomery Field and Brown Field. KEARNY MESA MARKET Kearny Mesa is a submarket in the central part of San Diego. Nearby communities include Serra Mesa, Clairemont and Tierrasanta. Kearny Mesa is named for the former Camp Kearny, a U.S. military base which operated in the area from 1917 to 1946 and eventually became Marine Corps Air Station Miramar. The urbanization of Kearny Mesa began in 1937 with Gibbs Airfield, now the small airfield Montgomery Field. Beginning in 1955 with General Dynamics, numerous aerospace, electronic, and other industrial and office firms located in the area. There was also commercial development, particularly west of State Route 163. The majority of the Kearny Mesa area is commercial and industrial. Kearny Mesa Local businesses in that area include auto sales, restaurants, supermarkets (American and Asian), national chain stores, and small businesses. The eastern side of State Route 163 includes newer development consisting of mostly office, retail and residential with numerous headquarter locations making this building a perfect opportunity for an owner user. Market Total SF Direct Vacant SF Total Vacant SF Vacancy Rate YTD Net Absorption Under Construction Quoted Rent Class A 2,943,601 318,872 322,974 11.0% 99,786 0 $2.80 Class B 5,968,602 563,870 563,870 9.4% 60,801 0 $2.10 Class C 1,969,095 198,274 198,274 10.1% 2,730 0 $1.43 Totals 10,881,298 1,081,016 1,085,118 10.0% 163,317 0 $2.10 16 COMPETITIVE SETS | OWNER USER SALE COMPARABLES Submarket: Scripps Ranch Buyer: WD-40 Company Sale Price: $10,676,500 Seller: 9715 Businesspark Avenue, LLC 9715 Businesspark Avenue Year Built: 1985 Building Size: 42,706 9715 Businesspark Avenue Sale Date: 9/13/2016 Land Area: 2.23 Acres Price PSF: $250.00 % Leased: 100% # of Stories: 3 Cap Rate: N/A Submarket: Scripps Ranch Buyer: Navy Federal Credit Union HQ Sale Price: $6,472,500 Seller: Currie/Samuelson Development 9999 Willow Creek Road Year Built: 1985 Building Size: 36,100 9999 Willow Creek Road Sale Date: 4/5/2016 Land Area: 1.00 Acres Price PSF: $179.29 % Leased: 100% # of Stories: 2 Cap Rate: N/A Submarket: Mission Valley Buyer: California Schs Voluntary Emps Sale Price: $6,375,000 Seller: NBTK Holdings, LP 1843 Hotel Circle South Year Built: 1984 Building Size: 26,700 1843 Hotel Circle South Sale Date: 9/30/2016 Land Area: .83 Acres Price PSF: $238.76 % Leased: 32.8% # of Stories: 3 Cap Rate: N/A Submarket: Sorrento Mesa Buyer: Shekar San Diego, LLC Sale Price: $2,850,000 Seller: EJMC, Inc. First Edition Office Park Year Built: 1992 Building Size: 11,319 6205 Lusk Boulevard Sale Date: 11/14/2016 Land Area: 3.96 Acres Price PSF: $251.79 % Leased: 100% # of Stories: 2 Cap Rate: N/A Submarket: Sorrento Mesa Buyer: Baqueira, LLC List Price: $2,250,000 Seller: Wateridge Industrial Partnership Wateridge Pavilion Year Built: 1984 Building Size: 9,426 10515 Vista Sorrento Parkway Sale Date: 10/26/2016 Land Area: .50 Acres Price PSF: $238.70 % Leased: 100% # of Stories: 1 Cap Rate: N/A 17 FINANCIAL ANALYSIS RENT ROLL Suite Tenant RSF Rent per Month Expiration 100 LAK Advertising 4,016 $0.00 Owner 109 LA City Blessing Church, Inc.

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