Recent Cps Energy Headquarters Campus

DOWNTOWN SAN ANTONIO, TEXAS RECENT CPS ENERGY HEADQUARTERS CAMPUS OPPORTUNITY ZONE TWO OFFICE BUILDINGS | TWO PARKING GARAGES | SURFACE PARKING LOT PREMIER REPOSITIONING OR REDEVELOPMENT OPPORTUNITY | COVETED RIVER WALK LOCATION EXECUTIVE SUMMARY THE INVESTMENT OPPORTUNITY CBRE, as exclusive advisor, is pleased to present to qualified investors a unique opportunity to acquire the Recent CPS Energy Headquarters Campus (“Campus” or “Property”). Exceptionally positioned at the heart of downtown San Antonio, Texas, the offering comprises a 100% fee-simple interest in the Main Office Building, the Navarro Office Building & Garage, and Surface Parking Lot, as well as CPS Energy’s 100% interest in the Tower Garage, which comprises a 50% total interest in the Garage. As the premier available site across the San Antonio market, the Campus INVESTMENT HIGHLIGHTS features an irreplaceable location along the world-famous River Walk — an urban waterway described as “The American Venice” that attracts over 11 million visitors and has an annual economic impact of $3 billion. Located in a Federal Opportunity Zone and in two tax increment reinvestment zones Existing Improvements & Infrastructure (TIRZ), this well-timed opportunity also coincides with an unprecedented Ideal for Repositioning wave of public and private investment across downtown San Antonio with o Signature Corporate Campus major developments totaling more than $2.5 billion. o Multi-Tenant or Single-Tenant Use The Campus offers superb convenience and highly walkable amenities as it is within one-half mile of 50+ restaurants, 30+ hotels, the Henry B. Gonzalez Prime Redevelopment Potential Convention Center, the Bexar County Courthouse, numerous city parks, and o River Walk Frontage some of the city’s most significant points of interest — including The Alamo. o Creation of a True Live-Work-Play Destination The Property also offers tremendous views of the San Antonio River, the River o Zoning Accommodates Flexible Uses Walk and the greater downtown area. o Located in Tax Increment Reinvestment Zones o Located in a Federal Opportunity Zone The Campus is located in a Federal Opportunity Zone, a designated area where new investments may be eligible for federal tax Coveted Central Business District (CBD) Submarket benefits, including the reduction and deferral of capital gains taxes. o Premier 24/7 Mixed-Use Urban Destination HEADQUARTERS CAMPUS CAMPUS HEADQUARTERS o Single-Digit Vacancy Rate (Office, Residential, Hotel, Retail) Presenting an opportunity to create a signature corporate campus or a mixed-use redevelopment along San Antonio’s River Walk, the Campus is a truly generational investment offering. Vibrant San Antonio Marketplace o Top 20 Market for Investment Offers encompassing the entire Campus or any one or more of its o Leading Population & Job Growth RECENT CPS ENERGY RECENT CPS ENERGY components will be considered. 1 ASSET PROFILES River Walk St Mary’s St (One-Way Traffic) (±10,000 VPD) Villita St (±2,000 VPD) Bus Stop Main Office Building Tower Garage Navarro Office Surface Parking Lot Building & Garage E Nueva St (±7,000 VPD) Villita St Vehicles Per Day (VPD) S Presa St (±2,000 VPD) Navarro St (One-Way Traffic) (±8,200 VPD) Main Office Building Navarro Office Building & Garage Tower Garage Surface Parking Lot 145 Navarro Street 146 Navarro Street 211 Villita Street 127 Navarro Street Address Address Address Address San Antonio, TX 78205 San Antonio, TX 78205 San Antonio, TX 78205 San Antonio, TX 78205 # of Stories 10 (Plus Lower Level) # of Stories 7 (Garage) | 3 (Office) # of Stories 7 Parking ±108 Spaces ±211,352 SF (Gross) Office Size ±100,000 SF Parking ±133 Spaces* Site Size 1.029 Acres Office Size ±201,805 SF (Rentable) Typical Floor ±30,000 SF Year Built 1955 Zoning D (RIO-3) Typical Floor ±18,500 SF (Rentable) Parking ±595 Spaces Site Size 0.185 Acre* Permitted Office, Retail, Hotel, 1926 (Basement-8) Uses Include Residential Years Built 1968 (Garage & Office) Zoning D (HS RIO-3) 1984-1985 (Floors 9-10) Years Built 1987 (Office) Office, Retail, Hotel, Site Size 0.653 Acre Permitted 1.311 Acres Site Size ummary Uses Include Residential Two small structures on the Surface Parking Zoning D (HS RIO-3) S Zoning D (H HE HS RIO-3) Lot are profiled in the Property Description Permitted Office, Retail, Hotel, Permitted Office, Retail, Hotel, *Reflects CPS Energy’s 100% interest section of the Offering Memorandum. Uses Include Residential Uses Include Residential ownership of 50% of the Tower Garage xecutive E 2 Note: All sizes above are approximate and to be verified by buyer. EXCEPTIONAL REPOSITIONING OPPORTUNITY Ideal Headquarters Numerous Possibilities Include Renovation, Expansion or Redevelopment Adaptable for a Single User or As a Premier Multi-Tenant Property Offered free and clear of existing financing, the Campus allows investors to take advantage of historically strong lending markets, generating Lease up of Prime Vacant Space significant leveraged returns. Significant Value in the Lease up of Prime Corporate Space along the River Walk Established Infrastructure, Amenities & Market Presence Limited Availability Creates Upward Pressure on Rents Robust Demand Has Produced Strong Office Occupancy (89.5%) & Four-Year Rent Growth of 20% Very Few Remaining Sites along the River Walk Available for Purchase & Development Timely Opportunity to Compete for Large Tenants One Block of CBD Class A, Contiguous Office Space Greater Than 50,000 SF Rents Range from $38.00-$42.00 PSF (NNN) for New Office Construction Well Positioned to Capitalize on Demand for Parking Additional Contract and Transient Parking — Proximity to Office, County & Municipal Buildings Evening and Weekend Revenue — Driven by the River Walk, Hotels & Downtown Events HEADQUARTERS CAMPUS CAMPUS HEADQUARTERS RECENT CPS ENERGY RECENT CPS ENERGY 3 NAVARRO OFFICE BUILDING & GARAGE MAIN OFFICE BUILDING TOWER GARAGE San Antonio Villita Street (±2,000 VPD) River Walk SURFACE PARKING LOT One-Way Traffic (±8,200 VPD) Navarro Street ZONING CITY OF SAN ANTONIO RIO-3 OVERLAY EXAMPLES OF ZONING MAP DISTRICT INFO & MAP PERMITTED USES ummary The Recent CPS Energy Headquarters Campus is S located in two of downtown San Antonio’s TIRZs — TIRZ Houston Street and Hemisfair. xecutive E 4 PREMIER REDEVELOPMENT SITE Flexible Zoning: Live-Work-Play Destination on the River Walk Permits Integrated Development Including Office, Retail, Hotel & Residential Main Office Building: Office, Hotel, Residential Uses with Ground-Level Retail Navarro Office Building: Office Operations with Ground-Level Retail Navarro Parking Garage: Employee, Contract and Special Event Parking Tower Garage: Executive Parking for Adjacent Office Buildings Surface Parking Lot: Surrounding Office, Municipal/County Building, Special Events Opportunity to Generate Value-Add/New Development Returns Expected to Trade at a Discount to the Existing Economic Basis of Competitive Properties Control of a Unique, Large Scale Site in the San Antonio CBD Superior Accessibility Exceptional Ingress/Egress Less Than One Mile to I-10, I-35 and I-37 15 Minutes South of San Antonio International Airport HEADQUARTERS CAMPUS CAMPUS HEADQUARTERS RECENT CPS ENERGY RECENT CPS ENERGY 5 ON-SITE AMENITIES Main Office Building Full-Service Cafeteria with Commercial Kitchen Skybridge — Connects the Main Office Building & Navarro Office/ Garage Navarro Building Outdoor Balcony Space - River Walk Views ummary S xecutive Direct Access to E the River Walk 6 LIVE-WORK-PLAY ENVIRONMENT THOMPSON (UC) 13 RECENT CPS ENERGY HEADQUARTERS 1 WYNDHAM 90+Walkability Score 1 90+ Transit Access Score 6 HYATT REGENCY SHERATON 7 5 35 4 7 4 8 THE CROCKETT 2 OMNI HOTEL 2 RIVERWALK MENGER HOTEL 10 8 3 3 6 LA QUINTA WESTIN HOTEL DRURY PLAZA HOMEWOOD 9 SHOPS AT RIVERCENTER 37 COUNTY & MUNICIPAL BUILDINGS 10 MARRIOTT RIVERCENTER 1 2 MARRIOTT RIVERWALK HILTON HOTEL 7 RECENT CPS ENERGY 9 HEADQUARTERS CAMPUS 11 GRAND HYATT Cesar Chavez Blvd 12 5 WYNDHAM HOTEL HOTEL CONTESSA 12 HENRY B. GONZALEZ CONVENTION CENTER 5 4 LA VILLITA HISTORIC VILLAGE O’BRIEN HOTEL 10 NOTABLE RESTAURANTS CLASS A RESIDENTIAL 1 Pharm Table 1 Granada Homes MARRIOTT PLAZA 6 2 Pico De Gallo 2 Villita Tower (Planned) 3 HEMISFAIR PARK 11 3 Mi Tierra Café y Panaderia 3 Agave Apartments HEADQUARTERS CAMPUS CAMPUS HEADQUARTERS 4 Bella on Houston 4 Heritage Plaza (UC) NOTABLE ATTRACTIONS 5 Bohanan 5 Encore SoFlo (UC) 1 Tobin Center for the Performing Arts 6 The Palm San Antonio 6 The Floodgate (Planned) ALAMODOME 2 Market Square 7 Texas de Brazil 7 Maverick Apartments 3 Spanish Governor’s Palace 8 Iron Cactus 8 Vistana 4 The Alamo 9 Biga on the Banks 9 Hemisfair Apartments (Planned) 5 St. Paul Square 10 Fogo de Chao 10 The ‘68 (UC) RECENT CPS ENERGY RECENT CPS ENERGY 6 Tower of the Americas 11 Little Rhein Steak House 11 Durango Residences (UC) 7 Villita Assembly Building 12 Rio de Gelato 12 St. John’s Square (Planned) 7 13 Arts Residences (Condos, UC) Highly Walkable Location Within One-Half Mile of the Campus: ±50 Retail Shops & Restaurants RIVER WALK — DIRECT ACCESS TO THE CAMPUS ±2,500 Residential Units HEMISFAIR PARK — 1/2 MILE FROM THE CAMPUS 30+ Hotels with ±8,700 Rooms & Suites Excellent Access to Public Transit ummary S xecutive E THE ALAMO — 1/2 MILE FROM THE CAMPUS LA VILLITA HISTORIC ARTS DISTRICT — ADJACENT TO THE CAMPUS 8 OPPORTUNITY ZONE LOCATION OPPORTUNITY ZONE HIGHLIGHTS o Feature of the Tax Cuts and Jobs Act, creating tax advantages to attract capital into designated areas. o Primary investment vehicle for opportunity zone investments is a certified opportunity fund. o Designation of opportunity zones remains in effect through the end of 2028. o Improvements equal to cost of acquisition must be made within a 30-month period. TAX ADVANTAGES RECENT CPS ENERGY HEADQUARTERS CAMPUS COMMERCE STREET 2026 180 CESAR CHA NAVARRO STREET V E Z BO UL EVARD Investors can defer Capital must be placed Unlimited amount of capital taxes on capital in an opportunity fund gains can be reinvested into gains until 2026.

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