UNIQUE, HIGH-IMAGE MULTI-TENANT BUSINESS PARK 82,237 SF & 90% LEASED TO 11 TENANTS SIMI VALLEY BUSINESS CENTER STRATEGIC GREATER SAN FERNANDO VALLEY LOCATION 74-98 WEST COCHRAN STREET, SIMI VALLEY, CA

A CBRE National Partners Industrial Investment Opportunity THE OFFERING SIMI VALLEY BUSINESS CENTER PROPERTY SUMMARY

CBRE, Inc. is exclusively offering an exciting opportunity to purchase Simi Valley Address 74-98 W Cochran Street, Simi Valley, CA Business Center, a high-image, five-building multi-tenant business park totaling Square Footage 82,237 SF 82,237 SF on 7.64 acres of land in Simi Valley, California. The buildings are 90% leased to 11 tenants with staggered rollover, below-market rents, and long-term Acreage 7.64 Acres tenants. This irreplaceable park has been well maintained and offers buyers Coverage 25% upside as leases roll. Office % Approx. 65% Simi Valley Business Center is strategically located with direct freeway access to the SR-118 Freeway. The property is located less than five miles from SR-23 Occupancy 90% which connects to US-101. It is part of a master-planned park that includes other # of Buildings/Tenants 5/11 recognizable companies and retail amenities. Year Built 1989 The property is in Ventura County within the Greater San Fernando Valley Clear Height 15’-17’ submarket of Los Angeles with a low vacancy rate of 1.6%. The solid fundamentals of the Greater San Fernando Valley combined with extremely limited land for new Grade Level Doors 15 developments provide a safe and predictable income stream with significant Year 1 NOI $663,462 upside potential to investors.

1 EXECUTIVE SUMMARY DESIRABLE MULTI-TENANT PARK » Excellent opportunity to acquire a functional, well-maintained business park in the highly coveted Greater San Fernando Valley submarket. » The five high-quality industrial buildings feature nicely appointed office space, grade level loading in each unit, separate power for each building, sprinklers, ample parking and exterior park lighting.

» Attractive business park environment with units ranging in size from 3,186 SF to 14,578 SF providing maximum leasing flexibility and the ability to attract and maintain tenants with expansion capacity.

» There is currently only one vacancy in the park and it has received significant interest.

MULTIPLE EXIT STRATEGIES VALUE ADD USER SALE OPPORTUNITIES » There is a parcel map already in place with C,C & R’s and an established Association which allow for an investor to sell the buildings separately to garner a higher sales price.

BELOW REPLACEMENT COST » Due to minimal available land and increasing construction costs, specifically for smaller buildings, Simi Valley Business Center is offered at a significant discount to replacement cost which is estimated to be in excess of $300 PSF.

2 EXECUTIVE SUMMARY TENANCY HIGHLIGHTS » 90% leased to quality tenants with staggered rollover. » In place rents are approximately 11% below market, offering future upside to NOI upon lease rollover. » Strong historical occupancy with several committed tenants including Rapattoni Corporation who has been in the building more than twenty years, Tops Inc. more than twelve years, New Start Home Medical more than ten years, and Amusematte Corp. more than seven years.

» Diverse tenant base including construction services, medical equipment production, transportation services, food production, and technology services. » The largest tenant accounts for approximately 18% of the total square footage, limiting major rollover exposure.

EXCELLENT LOCATION » Convenient access to multiple major freeways including SR-118, SR-23, and the US-101. » Proximity to a fast-growing population of over 2.6 million people within 25 miles of the property. » Employers will benefit from the site’s proximity to Simi Valley’s abundant labor base and both high-end and affordable neighborhoods. » Simi Valley offers a quality of life and is consistently ranked by the FBI as one of the safest cities in the United States. » Recognizable corporate neighbors and ample retail services nearby.

3 EXECUTIVE SUMMARY STRONG MARKET DYNAMICS » Strategically located in Simi Valley with access to both the Ventura County submarket and the Greater San Fernando Valley submarket in the Los Angeles Basin. » The Greater San Fernando Valley/Ventura County submarket is a sizable economic entity in the Los Angeles market, with a 238 MSF industrial base. » Greater San Fernando Valley rents have grown by 35%, or approximately 3.9% annually since 2010. » Demand continues to be very strong for the Ventura County submarket and in this size range- 245 (160 New Leases & 85 User Sales) transactions completed in the 20,000 SF range since 2012.

» Infill Small Bay is in high demand with rental rates increasing by 37% and availability decreasing by almost 20% since 2014 in Los Angeles & Orange County. » Very little new light industrial supply has been delivered recently nor is underway or planned.

SIMI VALLEY VACANCY RATE VS. AVG. LEASE RATE

12.0% $1.00

$0.90

10.0% SIMI VALLEY BUSINESS CENTER $0.80

$0.70 8.0%

$0.60

6.0% $0.50

$0.40

4.0% COCHRAN STREET $0.30

$0.20 2.0%

$0.10

0.0% $- 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 TOTAL VACANCY RATE AVG. LEASE RATE

4 EXECUTIVE SUMMARY EDWARDS AFB HINKLEY INTERSTATE 5 33 PINE MOUNTAIN ROSAMOND REGIONALVENTUCOPA MAP CLUB LEBEC GORMAN INTERSTATE 138 138 5 14 HELENDALE

LANCASTER

QUARTZ HILL LAKE LOS INTERSTATE Los Padres ANGELES 15 National Forest PALMDALE ADELANTO VICTORVILLE 33 LITTLEROCK 18 APPLE VALLEY CASTAIC 14 ACTON 138 OJAI SIMI VALLEY BUSINESS CENTER PHELAN HESPERIA SANTA BARBARA INTERSTATE 5 150 126 WRIGHTWOOD Angeles 23 2 101 National Forest 173 INTERSTATE Mt San INTERSTATE INTERSTATE 138 405 Antonio VENTURA 118 210 15 SIMI VALLEY INTERSTATE 5 BOB HOPE AIRPORT INTERSTATE OXNARD THOUSAND 215 101 INTERSTATE PORT HUENEME OAKS 210

INTERSTATE SAN BERNARDINO HOLLYWOOD 10 1 LOS ANGELES INTERSTATE INTERSTATE CHANNEL MALIBU SANTA MONICA 605 15 60 ISLANDS OF CHINO CALIFORNIA LOS ANGELES RIVERSIDE INTERSTATE INTERNATIONAL 110 INTERSTATE AIRPORT 710 INTERSTATE 5

TORRANCE INTERSTATE ANAHEIM 405

INTERSTATE LONG BEACH 15

INTERSTATE 405 IRVINE 1 241 LAKE ELSINORE NEWPORT INTERSTATE INTERSTATE BEACH 215 73 15

MURRIETA

Catalina Island DANA POINT TWO HARBORS Essential SAN CLEMENTE Fish Habitat Conservation Area AVALON

5 EXECUTIVE SUMMARY INTERSTATE 5 P

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a d n R ht s ig s A u e D v p r m

H e a

C

LOCALe MAP

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l Campus Park Dr

l d o

R C n o 118 y n

a

Ronald Reagan Fwy C

SIMI VALLEY BUSINESS CENTER a e e r v B

A W n Lo o s P rin c e t An g eles Ave E Ea Madera Rd sy D r 118

Ensign-Bickford 23 Aerospace Cochran St

M i A l l e r r P i s k t o w Tierra Rejada Rd t E Easy Dr y l e St

Athens Ave

Tierra Reada SpringRd Golf Club Simi Valley E Bonita Dr

Esperan Royal Ave da R ce ja d Re D ra T i e r r

Sunset Valley Rd Valley Sunset

4th St

First St r

D 23 e

t Ave Tuttle d nti n R e al D o i d r k s Pre M

r

a l Laguna Dr Laguna E

p

r

o o

Moorpark Fwy Moorpark Madera Rd Bennett St

M Sinaloa Rd Sinaloa KEY DISTANCES - SIMI VALLEY BUSINESS CENTERr D

B s l

Country Club Dr r SR-118 2 MIN 0.3 MILESl

i i

s H

A z u r t e Read Rd SR-23 Highland Rd 7 MIN o 4.0 MILES

l

d V

a A

R

v SIMI VALLEY COMMUTER RAIL (VENTURA COUNTY LINE) 10 MIN 7.0 MILES l

l e d e Me o y Stonebrook St l US-101 12 MIN 9.0 MILES l o Wood Ranch G o w a N w C n t Blu o a L l le n BOB HOPE AIRPORT e 28 MINe 28 MILESn gu I as Country Club g n L R r chal n d a a PORT OF HUENEME 40 MIN s 40 MILES n s t D S t r Olsen Rd LOS ANGELES INTERNATIONAL AIRPORT 1 HR 40 MILES

6 EXECUTIVE SUMMARY TENANTS IN THE MARKET

1. Costco Wholesale 10. 3 Day Suit Broker 2. Tangerine Global 11. Sergio Trucking School 3. Raleigh Electric 12. Vapor Hub International, Inc. 4. Simi Valley Wholesale Electric & Lighting Supply 13. Premier Indoor RV & Boat Storage 5. Enilife Laboratories 14. L-3 Datron Advanced Technologies 6. Specialty Fabrications Inc 15. Walmart 7. American Technologies Inc 16. Milgard-Simi Valley 8. Qualstar Corporation 17. Volt Workforce Solutions 9. RSA Engineered Products -

16 SIMI VALLEY BUSINESS CENTER

11 12 13

17 10 14 COCHRAN STREET 15 9 8 4 COCHRAN STREET

5 1

2

3 6

7

7 EXECUTIVE SUMMARY C O C H R A N S T R E E T SITE PLAN

98 Rapattoni Corporation AB 9,814 SF 14,78 SF 74 Not A Part Tops, Inc. B ,819 SF A ,77 SF 12,39 SF

C 4,74 SF

New Start ust Const. 94 Home Meical & Mmt. 21,82 SF A 4,248 SF Avance Spectral A 4,28 SF Tecnoloy, Inc. A ,99 SF 80 Caliornia 1,41 SF Kettle Corn B 3,18 SF CC Sounouse, LLC B 7,730 SF M-Wave Desin Corp. B ,32 SF Avmetrics, LLC C 4,271 SF Moern Classic Limo Vacant C 4,400 SF C 8,224 SF Amusematte Corp. D ,317 SF

GROUND LEVEL DOOR 90 PARCEL LINE 8 EXECUTIVE SUMMARY 17,022 SF CAPITAL MARKETS EXPERTS: LOCAL MARKET EXPERTS: DEBT & STRUCTURED FINANCE Darla Longo Barbara Perrier Bennett Robinson Val Achtemeier CBRE | Vice Chairman/Managing Director CBRE | Vice Chairman Executive Vice President Executive Vice President Lic. 00639911 Lic. 00969169 Lic. 00984312 Lic. 01868169 +1 909 418 2105 +1 213 613 3033 +1 818 907 4608 +1 213 613 3109 [email protected] [email protected] [email protected] [email protected] Brett Hartzell Rebecca Perlmutter Finkel, CFA CBRE | Executive Vice President CBRE | Senior Vice President MATT HARGROVE Lic. 5876 Lic. 01838624 Vice Chairman +1 206 292 6100 +1 310 922 5237 Lic. 00952137 [email protected] [email protected] +1 818 251 3601 [email protected] Eric Cox CBRE | Senior Associate Lic. 02027752 +1 213 613 3210 [email protected]

FOR MORE INFORMATION, PLEASE VISIT OUR WEBSITE AT www.cbrenp-simivalleybusinesscenter.com

GLOBAL INDUSTRIAL WEST SOUTHEAST SOUTH CENTRAL NORTH CENTRAL NORTHEAST DEBT & STRUCTURED FINANCE & LOGISTICS Darla Longo Chris Riley Randy Baird Mike Caprile Michael Hines Val Achtemeier Jack Fraker Barbara Perrier Frank Fallon Jonathan Bryan Ryan Bain Brian Fiumara Scott Lewis Heather McClain Rebecca Perlmutter Trey Barry Ryan Thornton Zach Graham Brad Ruppel Steve Roth Brett Hartzell Jennifer Klingler Eliza Bachhuber Victoria Gomez Lauren Dawicki Steve Kundert Eric Cox Colleen Fazio Gina Christen WWW.CBRE.COM/NP

“Offering integrated real estate capital markets solutions from strategy to execution – delivered by a seamless national partnership.” © 2019 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 guaran- tee, 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. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.