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Thomas 2 Irvine, California Thomas 2 Irvine, California INVESTMENT OVERVIEW THOMAS 2 IRVINE, CALIFORNIA THOMAS 2 IRVINE, CALIFORNIA INVESTMENT ADVISORS TABLE OF CONTENTS ALTON BURGESS Senior Vice President/Principal 1 Investment Overview (949) 724-4722 2 Property Description [email protected] BRE# 01717094 3 Area Overview TRAVIS HAINING 4 Tenant Overview Senior Vice President/Principal 5 Financials (949) 724-4711 [email protected] BRE# 01483191 RYAN LAWLER Associate (949) 724-4718 [email protected] BRE# 01935961 DISCLAIMER: The information contained herein has been obtained from the property owner or other third party and is provided to you without verification as to accuracy. We (Lee & Associates, its brokers, employees, agents, LEE & ASSOCIATES® - NEWPORT BEACH | Corporate ID #01197433 principals, officers, directors and affiliates) make no warranty or representation regarding the information, property, or transaction. You and your attorneys, advisors and consultants should conduct your own investigation of the 100 Bayview Circle, Suite 600, Newport Beach, California 92660 property and transaction. 949.724.1000 | 949.862.9048 | www.lee-associates.com THOMAS 2 IRVINE, CALIFORNIA INVESTMENT HIGHLIGHTS 100% Leased Investment Opportunity • (Potential Owner-User Opportunity in 2019) • 100% Leased through 1.14.2019 (Existing Tenant may consider relocation sooner for owner-user) Investment Summary • Kite Electric has been in business for over 15 years Offering Price: • Performs Title 24 commercial lighting $5,500,000.00 • The Irvine Spectrum Submarket is considered one of the most desirable submarkets for investing in the country. Year 1 NOI: • The Irvine Spectrum vacancy rate is the second lowest in all of Orange County at 3.6%, only behind Fashion Island ±$132,112 at 1.5%. Total Building Area: • The Irvine Spectrum Submarket is a 10.8 million square foot market and is home to some of the county’s top ±20,747 tenants. • Market rents are expected to rise 10-20% in the Spectrum over the next five years. PROPERTY HIGHLIGHTS • Rare single-story Irvine Spectrum industrial building • Fully divisible with two separate addresses (2 Thomas & 8 Holland) • Rare fenced yard • True freestanding building • Below market rent with short term lease for upside or owner user • Park-like landscaping with mature trees surrounding the property THOMAS 2 IRVINE, CALIFORNIA THE IRVINE SPECTRUM FUTURE INTERSTATE CALIFORNIA 405 BROADCOM HQ Ideal Irvine OC GREAT PARK Alt DEVELOPMENT on P Spectrum Location kwy • Ideal office location due to the excellent amenity base. • Minutes from the Irvine lvd Spectrum Entertainment s B nd Center, which consists of over irla Mu 1.1 million square feet of retail and restaurants. Mason • Excellent freeway access to the I-405, I-5 and 133, which easily services most of Southern California. • Tremendous employee and 2 THOMAS executive housing location. IRVINE, CA Within 5 miles of +/- 300,000 people with an average household income of over $85,000 • Located near the intersection Thomas of Toledo Way and Bake Holland Parkway. THOMAS 2 IRVINE, CALIFORNIA Property Description Address: 2 Thomas, Irvine, CA APN: 590-041-01 Thomas Gross Building Size: 20,747 SF Holland Year Built: 1981 Stories: Single-Story Clear Height: PARCEL MAP 18’ Hvac: Roof-Top Parking: ±2:1,000 Construction Type: Reinforced Concrete Zoning: 5.4 General Industrial Interlake CanyonsCross Rd Cholame V k Rd Rd Burnette SANLUIS OBISPO Cre Nacimiento alley Rd River a COUNTY San 41 41 Devils Whit Miguel Ranchit Den ew Nacimiento Canyon Rd Delano a ter River Rd Rd a Reservoir N River Rd Garces Hwy d 4th Ave Searles ron R T d r R e 155 k Valley g Kernville 46 r n a Nacim i Lake Brow B Cholame K iento Death Valley Nacimiento Lak Twisselman Rd Garces Hwy n R e Twisselman Rd Delano Munipal Rocky But Dr Es 43 d trell Airport d 178 National Monument a R R d o te Corcoran Rd T 99 155 ru y Pine Canyon Rd China Lake Naval 1 ck Wellsona Rd osa Porterville Hwy a T San Marcos Rd Estrella Palo P Pond Rd rl Burland Fam Weapons Ctr E C River rieta Cholame Woody x abr c s Rd e rl Rd i T l llo Sierra W lsi k l H Rd Castle ruc Peterson Rd y T e wy k Leliter Rd o Hearst Keck ee 101 Paso Robles B San r n Cr Tow Municipal Airport 155 M Rd in ey Hw l e Simeon l 65 Wofford Heights Rd a Camatti V Elmo Hwy l Lost Hills Rd a Park r Chimney Rock Rd t n e Airport Rd Adelaida 33 C Sierr Mcfarland Sherwood Ave a Wa Rd Hunter Ranch 46 Centra Rd d y R Trona Rd on W Athel Ave Pacific d Golf Course Cany oody Gran Ocean R Shandon 155 Isabella Reservoir eek Inyokern Shedd Canyon Rd Slocum 99 San Juan Rd Kingston Wash Union Rd ite Rd imeon Cr Sherw 178 Ridgecrest Clark Rd W Inyokern Rd Whisler Rd d oo R d San S A 178 Mountain Dr El Paso b ve Dry Canyon Rd u Cypress 178 Ann l V C ineyard Truedale ett 178 De Robles e Rd 46 Blackwells n Drummond Ave Rd u Brow G 178 Bitterwat d Dr Rd er Rd Corner South Lake d Geneseo R San Simeon Beach Lost Hills Paso Robles Hwy n R h State Park Mountain Mesa c n Ridgecrest Blvd ke Blv Rd Ridgecrest a Famosa Rd 14 d R oody W Granite Ro Rd a ks an d e na La d wm St i Bo St v San Juan v E h Paso Robles Hwy l a A F St Famoso W Jac K oody Rd C Santa Rosa Creek Rd Bitterw Famoso Bowman Rd B Lake Isabella m n t ing r y S o 46 a Creston ha R s Rd Downs N w t o dy on ater e t ad Rd Ma Wasco a Rd Bra Rd G 46 anyon Lake Isabella Blvd vd Green Canyon Rd Bl Springer Ave Valley Kern C Rd Templeton e r v A Bodfish Holland y China Lake w 127 46 sco H Shedd Canyon Rd Rd a T e e l mp l W l i S Cambria eto v S El Poma Ivanpah n Kimberlina Rd r h R e d Creston e t r l l Lake -Dry- o Cerro Coso C P Mountain Rd r Cypress e e Junior College Harmony k R d 41 Merced Ave Round La Mou R Panza Rd d ntain o R Rd China Lake Naval c O Donovan s k l l 43 y ter Rd i C Shafter-Minter d bs H a Weapons Ctr ny e t 65 n R tation Rd o W s Central Field n o R L Atascadero d Lerdo Hwy Lerdo Hwy oker 395 Rd W V a Lerdo Hwy e l Searles S Nipton stsi ley H 178 Whale Rock d wy drock Iny e Hwy Shafter Reservoir 229 Re Charles Nipton Rd Crk y Old Cayucos e v Paddock Zoo 99 w A Rowlee Rd H 58 Old Creek Rd Whale R e l l Ja Cayucos Golden State Hw i me v Res r s e State Beach Beech Rd o t R ck r d o P y Meadows Cayucos 41 Seventh Standard Rd wy Seventh Standard Rd Field nyon H Kern River Ca Missouri r D Morro Strand Calf Santa Fe State Park r t Oildale Alfred ero Rd r l ad Triangle D Snow Rd China Grade State Beach el Harrell Hwy asc Carrisa Hwy Simmler w o Loop At y l Airpo ed Harr l Ro r d i y a W f Norris Rd Al Fai Ivan Rd ay Hw R w berts Ln d W R n d ock Par rfax Rd Garl p o v d Olive Dr l a khill Rd h R B sco e rona Ln Goler r v Rd a r T s Butt e Manor St e A o Pano t W rama v Dr n i Morro a Wa e Mckittrick Hwy E lke Rd R w Golde v r Basi r 58 e A n Morro t Rd t Columbus St hester Co Rio Bravo Country Club i Bay e n Santa 33 l State C B Rosedale Bay a Rd man Buttonwillow v e 178 t fish Rd Garlock i fee Rd 3 Kern v 4th St f A u A Margarita o ve Rosedale Hwy r che D F C R El Chorro Bernard St Canyon edrock Rand Morro Bay S Bay Blvd 58 24th St Red Rock Canyon sburg Rd 1 r Fort Irwin Regional Park Union State Park t Sumner St liente Bod d Niles St 184 d S R Simmler Truxtun Ave State Rec Area Ca E Pozo Rd Greenacres k n e R e a e v California l Ave d t in l O A e ing Dr Red w Ca v R S A M brill l A r x uxtun l r St Bakersfield o Hw T d a a e Mountain Ran t f C Morn Stockdale Rd P y Santa Margarita r w S 58 e i Edi Randsburg i non s Cu m Baywood- v Stockdale Hwy a son H Mount 101 Brun r dsbur da Lakevie g A e Ln F O a ng Reservoir e wy to R V f f Rd g rni Los Osos d d d Silver Mo R R S Chester Redrock Randsburg R Clark r d e r Ming Ave Casa Loma Dr Lake -Dry- v o Valley Rd i f Stine Rd 14 R x Rd d l a Gos Los Osos V A f O r Pozo i v Kern River Planz Rd e a F Ashe Rd Muller Rd all 43 Bena Rd ey Bakersfield Rd l White Ln Wilson Rd Foothil 58 Municipal Airport d Caliente Cantil t Pecho Rd sta Rd i R Rd E White Ln S V d LOS PADRES e Creek Rd H n R i l Valley Rd r e l e Rd b i w til NATIONAL FOREST Buena d Panama Ln o San Luis McKittrick W an Panama Ln T C Montana De Oro edpatch Hwy H e Rd Rogers Rd State Park W i d Obispo Mo Rd s u R h ntain d Seven Mile R odfis Lo R d B okout Rd ppa nte o e ie Munsey Rd Rd r n al a v o C e Dr d e L n P A h w Pe v R i o s c n n s o cho V R n e i o o t i n a n d t d i Baker l n t E o E California T m 58 aft Hwy U Hi Mountain Rd S alley O o San Luis Obispo C Panama Rd Colgate Rd C Columbia Rd Salinas Bealeville Rd Rd Valley County Airport- - nell Rd k River Lamont c Mc Chesney Field Branch Mountain Rd Kelb Elkhorn Bu d k R a Chrysler k A W Noon e debac l e Cima Soda Rd a Cud r e D R r B Rd d Lake Park Union Rd Houghton Rd Buena Vista Blvd l a Weedpatch r e Dr 227 n Orcu Simmler Soda Lake San Diego Cr Rd e ysler Chr Di Avila G ablo Canyo tt Rd kwy a Rd a Lopez li P El Camino Real am ra n Rd 119 Rd e n Te Beach Rd i Lake e Buc le e v l unta Creek Rd e San Diego Rd b u e N edy Blvd 20 Mu lvd i e kne L Rd Bear Mountain Rd Bear Mo n W s Bear Mountain Blvd Kenn Blvd e Mojav Galileo 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