HISTORICAL BUILDING FOR SALE OR LEASE

Offering Memorandum 518 N Broadway, Santa Ana, CA 92701 Property Description Historical Georgian Style Office Building located on a high profile corner adjacent to the Federal and County campus in the Civic Center area of Downtown Santa Ana.

SALE PRICE $3,300,000 PRICE PER SF $772.83 OCCUPANCY 0%

LEASE LEASE RATE: $13,750 per month $3.22 per sq ft LEASE TYPE: NNN

BUILDING BASICS LOCATION 518 N Broadway Santa Ana, CA 92701 ASSESSOR’S PARCEL 398-252-04 ZONING SD-84 (CLICK HERE FOR ZONING INFO) YEAR RENOVATED 1980 BUILDING SIZE 4270 appx sf* LAND SF 28,602 appx sf* STORIES 2 / 2,135 appx sf PARKING SPACES 25 total

*Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of 2 property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals.

CONFIDENTIALITY DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Shaw Equity Inc. and Darvishian Investment Group and should not be made available to any other person or entity without the written consent of Darvishian Investment Group. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Shaw Equity Inc. and Darvishian Investment Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Shaw Equity Inc. and Darvishian Investment Group has not verified, and will not verify, any of the information contained herein, nor has Shaw Equity Inc. and Darvishian Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE Shaw Equity Inc. and Darvishian Investment Group is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Darvishian Investment Group, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Darvishian Investment Group, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

NET-LEASED DISCLAIMER Shaw Equity Inc. and Darvishian Investment Group hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Shaw Equity Inc. and Darvishian Investment Group has not and will not verify any of this information, nor has Shaw Equity Inc. and Darvishian Investment Group conducted any investigation regarding these matters. Shaw Equity Inc. and Darvishian Investment Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Shaw Equity Inc. and Darvishian Investment Group expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Shaw Equity Inc. and Darvishian Investment Group Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. 2 PROPERTY DESCRIPTION

4 CONFIDENTIALITY

6 BUILDING FEATURES

7 FLOOR PLANS

8 WALK-IN-TOUR

18 PROPOSED FINANCING

20 AREA OVERVIEW

26 CONTACT INFORMATION Building Features

• Historical Georgian Style Office Building Downtown Civic Center Area • Renovated in 1980 • Former Bank Branch with Drive-Thru ATM • High profile corner location Adjacent to Federal and County Campus • Located in the City, County and Federal Legal and Business Hub • On the approved OC StreetCar Route www.octa.net • 25 Exclusive Parking Spaces • Lush Front Lawn Landscaped

6 Floor Plan

BROADWAY AVE SANTA ANA BLVD SANTA

SECOND FLOOR PLAN

PARKING LOT

FIRST FLOOR PLAN

7 TAKE A VIRTUAL TOUR For a 3D interactive tour of the second floor executive suites CLICK THE 3D VIRTUAL TOUR to the left or go to our website at darvishiangroup.com

Need more detail of the Executive Suites? Log onto the our website for a 3D interactive tour of the second floor suites on your smartphone, tablet or laptop. Walk from room to room, look up and down, and spin the entire room 360 degrees, all without leaving your seat 24/7.

8 First Floor Lobby

9 10 1st Floor SPACIOUS | LOTS OF NATURAL SUNLIGHT

11 First Floor

12 13 2ND FLOOR OFFICE, CONFERENCE ROOM AND KITCHEN

14 15 Second Floor Balcony 17 Proposed Financing

PRICING SUMMARY PRO-FORMA

LIST PRICE $3,300,000 NET OPERATING INCOME $ 165,000 CAP RATE 5.00%

BUILDING SIZE 4,270 LOT SIZE 28,602 PRICE PER SQUARE FOOT (BUILDING) $ 773 PRICE PER SQUARE (LOT) $ 115

PROPOSED FINANCING

DOWN PAYMENT 35% $ 1,155,000 LOAN BALANCE $ 2,145,000

INTEREST RATE 4.75% TERM (YEARS) 30 LOAN DUE (YEARS) 5

MORTGAGE (ANNUAL) $ 135,584 MORTGAGE (MONTHLY) $ 11,299

CASH ON CASH RETURN 2.5% $ 29,416 DEBT COVERAGE RATIO $ 1.22

[1] BUILDING AND LOT SIZES HAVE NOT BEEN VERIFIED BY AGENT OR SELLER. BUYER TO CONDUCT ITS OWN INVESTIGATIONS [2] PROPOSED FINANCING MAY BE SUBSTANTIALLY DIFFERENT OR UNAVAILABLE TO BUYER.

18 19 HIGH IMAGE OFFICE ASSET IDEAL FOR CORPORATE HEADQUARTERS N ROSS ST • Owner-user can possibly occupy up to 100% of the space in a highN PARTON ST image, two story office property with built-in ready modern office tenant improvements.

• Centrally located on the edge of Santa Ana and Tustin - situated on the South West signalized corner of McFadden Avenue and Ritchey Street.

Triangular shaped lot presents an impressive street visibility and appeal. N BROADWAY N SYCAMORE ST MAIN ST

• The location of the office is conveniently less than half a mile West of the 55 Freeway- McFadden is a major exit on the NorthUS Internal and Southbound Revenue Service 55 Freeway. The 5-freeway interchange is less than a mile from the site. W CIVIC CENTER DR N FLOWER ST • Multiple office suites allow for tenants to occupy an array of Santa Ana different suites sizesSanta from Ana 150 square foot executiveOrange office County suites toSuperior Court of Public Library Police Dept. Traffic Ticket large contiguous 8,000 square foot plates. Currently the building isOrange County approximatly 50% tenant occupied. Orange County Walk of Honor Old Orange County Courthouse Santa Ana City Hall of LOCATION JailHIGHLIGHTS & AMENITIES Santa Ana

N ROSS ST W SANTA ANA BLVD • 250 feet away from the SantaWomen’s Ana Auto Mall which includes new and used car dealershipsIntake such asCentral Crevier Jail BMW, Volvo of Orange County, Release Center Volkswagen South Coast, Crevier Mini,Orange Audi County South Coast and Freeway Sheriff’s Department EDD Disability Honda. Men’s Insurance Office Central Jail Orange County Superior Court Civil Ronald Reagan Complex Center Federal Building • Within Orangeclose proximity to an array of amenities for employeesUS Citizenship such as businessCounty Coroner services, dine-in, casual and fast food restaurants, and ImmigrationTustin sub-market averageW SANTA rent ANA per BLVD square foot is $2.18 with only 11.5% vacancy OC STREETCAR APPROVED ROUTE Orange County California Franchise of its 4.2 million feet of built office product. Crime Lab Tax Board Orange County Planning Info 20 Orange County Public Works Area Highlights Close to some of OC’s Best Restaurant** ​From eclectic ethnic eats to elevated dining, DTSA is OC’s favorite food neighborhood. Check out www.EatDTSA.com for a guide to downtown’s favorite food establishments.

• Surrounded by many Government buildings

• Close to a wide variety of restaurants

• Less than half of a mile to Santa Ana Commuter Rail

• Located on the approved OC StreetCar route www.octa.net

• 9 miles to

• 21.6 miles to Long Beach- Daughtery Field Airport

• 41 min to Ontario International Airport

• Walking Score of 96 (very good)*

• Transit score of 53 (Good transit)

© Darvishian Group 2018. Information deemed reliable but not guaranteed. *This information is being provided by CoStar.com. ** This information is being provided by www.eatdtsa.com 21 SANTA ANA AREA OVERVIEW

Santa Ana is the county seat and second most populous city in Orange County, California. The United States Census Bureau estimated its 2011 population at 329,427, making Santa Ana the 57th most- populous city in the United States. Santa Ana is also the 4th highest density in the nation per square mile.

CORPORATE HEADQUARTERS Santa Ana is the corporate headquarters of several companies including Behr Paint, CoreLogic, Corinthian Colleges, First American Corporation, Greenwood & Hall, Ingram Micro, The , SchoolsFirst Federal Credit Union, STEC, TTM Technologies, beverage company Kern’s, and Wahoo’s Fish Taco. It also houses major regional headquarters for the Xerox corporation, Ultimate Software, and T-Mobile. Nonprofits based in Santa Ana include Open Doors.

ECONOMY Santa Ana is part of a metropolitan area which includes and Long Beach. When it comes to gross metropolitan product of U.S. metro areas, Los Angeles-Long Beach-Santa Ana, CA is ranked number two in 2013 with a GMP of $792.2 billion. When gross domestic product (GDP) and gross metropolitan product (GMP) for country or metro area were compared, Los www.downtown-santaana.com Angeles-Long Beach-Santa Ana, CA ranked number 20 for their 2013 numbers. The ranking for Santa Ana was higher than both Saudi Arabia and Switzerland, which ranked 21 and 22 respectively. The estimated annual growth rate of United States metro area economies from 2013-2020 is 2.9 percent with $686.5 billion in 2013 and an estimated $838.2 billion in 2020.

DEMOGRAPHICS DEMOGRAPHICS

1 MILE 3 MILE 5 MILE

POPULATION 2016 62,959 356,593 707,347 POPULATION 2021 65,444 370,367 736,042

MEDIAN HOUSEHOLD INCOME $39,344 $53,396 $60,351

POPULATION GROWTH 3.95% 3.86% 4.06%

MEDIAN HOME VALUE $384,296 $377,058 $451,360

AVG HOUSEHOLD SIZE 4.20 4.00 3.60

22 POPULATION MEDIAN HH INCOME POPULATION GROWTH 356,593 $53,396 3.86% 3 MILE RADIUS 3 MILE RADIUS 3 MILE RADIUS

W SANTA ANA BLVD

N BROADWAY

W 5TH ST

23 SANTA ANA, CALIFORNIA

Santa Ana (Spanish for “Saint Anne”) is the county seat and second most York City, San Francisco, and Boston). In 2011 Forbes ranked Santa Ana the populous city in Orange County, California. The United States Census fourth-safest city of over 250,000 residents in the United States. Bureau estimated its 2011 population at 329,427, making Santa Ana the Santa Ana lends its name to the Santa Ana Freeway (I-5), which runs through 57th most-populous city in the United States. the city. It also shares its name with the nearby Santa Ana Mountains, and Santa Ana is located in , adjacent to the Santa Ana the Santa Ana winds, which have historically fueled seasonal wildfires River, about 10 miles (16 km) away from the California coast. Founded in throughout Southern California.[10] The current Office of Management and 1869, the city is part of the Area, the second largest Budget (OMB) metropolitan designation for the Orange County Area is metropolitan area in the United States with almost 18 million residents in Santa Ana–Anaheim–Irvine, California. 2010. Santa Ana is a very densely populated city, ranking fourth nationally in that regard among cities of over 300,000 residents (trailing only New

24 SANTA ANA, CALIFORNIA ORANGE COUNTY, CALIFORNIA

Orange County is a county in the U.S. state of California. As of the 2010 Metropolitan Statistical Area. Thirty-four incorporated cities are located census, the population was 3,010,232 making it the third-most populous in the county; the newest is Aliso Viejo, which was incorporated in 2001. county in California, the sixth-most populous in the United States, and Anaheim was the first city, incorporated in 1870, when the region was more populous than twenty-one U.S. states. Its county seat is Santa Ana. still part of neighbouring Los Angeles County. Whereas most population It is the second most densely populated county in the state, second only centers in the United States tend to be identified by a major city, there is to San Francisco County. The county’s four largest cities, Anaheim, Santa no defined urban center in Orange County. It is mostly suburban except for Ana, Irvine, and Huntington Beach each have populations exceeding some traditionally urban areas at the centers of the older cities of Anaheim, 200,000. Several of Orange County’s cities are on the Pacific coast, Fullerton, Huntington Beach, Orange, and Santa Ana. There are several including Huntington Beach, Newport Beach, Laguna Beach, Dana Point, edge city-style developments such as Irvine Business Center, Newport and San Clemente. Center, and . Orange County is included in the Los Angeles-Long Beach-Anaheim, CA 25 518 N Broadway, Santa Ana, CA 92701

Exclusively Presented By DARVISHIAN INVESTMENT GROUP CA BRE Lic No 01915377

www.darvishiangroup.com

Orange County Office 600 Anton Boulevard, 11th Floor Costa Mesa, CA 92626

Pasha Darvishian Managing Partner BRE Lic No 01397162 [email protected] +1 949 396 1075 Direct

Jon Hauso Vice President Investments BRE Lic No 02003482 [email protected] +1 949 396 1028 Direct