A 145,467 SF OFFICE BUILDING LOCATED IN BREA, ORANGE COUNTY, CA.

EXECUTIVE SUMMARY 1

Holliday GP Corp. (“HFF”), a licensed real estate broker, California License #01385740. 2 FAIRWAY CENTER I

HFF, as exclusive advisor, is pleased to present the exceptional opportunity to acquire Fairway Center I (the “Property”), a 145,467 SF institutionally owned and maintained office building located in Brea, Ca. Fairway Center I is currently 90.7% leased to five (5) diverse tenants; three (3) of which are national credit tenants comprising 78% of the rent roll. Situated on 5.55 acres, the Property is conveniently located off of the 57 Freeway on Imperial Highway, offering exceptional visibility and immediate access to over 4 million SF of retail and service amenities, as well as a close proximity to an array of executive housing options throughout Orange County. Within immediate proximity is the 1.3 million SF Brea Mall lifestyle center and only a short drive to the new completed LA Floresta master–development. With a supply constrained Brea office market, Fairway Center I is positioned to benefit from the continued increase in leasing demand and upward movement in market rental rates as the Imperial Highway corridor gentrifies into a more urban environment.

FAIRWAY CENTER I PROPERTY OVERVIEW

1800 E. Imperial Highway ADDRESS Brea, CA 92821 BUILDING SIZE 145,467 SF

TOTAL LEASED % (AS OF 6/1/2018) 90.7%

TYPICAL FLOOR PLATES 72,734 SF

YEAR BUILT 1987

SITE AREA 5.55 Acres

PARKING RATIO 3.95 : 1,000 SF

TOTAL FLOORS 2

WEIGHTED AVERAGE REMAINING LEASE TERM 4.62 Years

IN-PLACE VS. MARKET RENT 14.3% Below Market Rent

2018-2021 LEASE EXPIRATIONS 24.7% of lease square footage

ANNUALIZED IN-PLACE NOI (JUN’18) $2,209,680

3 INVESTMENT HIGHLIGHTS CENTRAL LOCATION SERVED BY MAJOR TRANSPORTATION CORRIDORS With frontage along Imperial Highway, the Property also benefits from easy access to the 57 Freeway, the city’s most important north-south arterial connecting the area to and the Inland Empire to the north and Anaheim to the south. »» Convenient freeway access to the 57 Freeway located less than a half mile west of the Property which sees an estimated 259,000 vehicles per day »» Located four miles north from the CA-91 Freeway and less than seven miles northeast of the I-5 Freeway »» Central to the four regions of Orange County, Los Angeles County, Riverside County and San Bernardino County providing immediate accessibility to all major employment pools in »» Located 25 minutes from John Wayne International Airport and 35 minutes from Long Beach International Airport

PREMIER OFFICE PROPERTY IN NORTH ORANGE COUNTY The Property has proven its appeal with a high historical occupancy, efficient design and national brand corporate tenants. It features ample subterranean parking (34% of total spaces), a dramatic two-story marble lobby with a 25-foot circular skylight, and lush landscaping all within a campus environment. With large floor plates and extended corridors, the Property is efficient for both large tenants seeking open floor plans and smaller users looking for multi-tenant layouts. This flexibility ensures investors will have the ability to capture the full spectrum of tenant demand.

STRONG JOB GROWTH AND INCREASING ECONOMIC DIVERSITY With an unemployment rate of only 2.8%, Orange County’s labor market is burgeoning and is lower than both the state (4.6%) and nation (4.1%). Orange County job growth has reached its highest level since 2000 with health services acting as the largest driver of job creation. The significant growth of this highly educated, diversified employment pool will further increase demand for Orange County office space and support continued increases in market rents.

4 VILLAGE AT LA FLORESTA BREA UNION PLAZA

BREA PLAZA SHOPPING CENTER IMPERIAL EAST SHOPPING CENTER

IMPERIAL HIGHWAY

BREA MALL (<1 MILE)

5 FAIRWAY CENTER I MAJOR TENANT OVERVIEW

TENANT LEASE SF % OF NRA LEASE EXPIRATION TERM REMAINING NATIONWIDE PET INSURANCE 76,046 SF 52.30% 23-Nov 5.4 Years FARMERS INSURANCE 23,229 SF 16.00% 24-Jan 5.6 Years UNIRE REAL ESTATE 14,255 SF 9.80% 19-Dec 1.5 Years WALGREENS CO. 14,119 SF 9.70% 21-Mar 2.8 Years

6 INVESTMENT HIGHLIGHTS NATIONAL CREDIT TENANCY & IMPROVING MARKET FUNDAMENTALS The Property is 90.7% leased to a strong mix of diverse corporate users highlighted by Nationwide Pet Insurance (52.3% of NRA), Farmers Insurance (16.0% of NRA), and Walgreens (9.7% of NRA). With a WALT of 4.62 Years, the Property provides investors stable near term cash flow. Furthermore, with in-place rents currently 14.3% below market and strong continued market fundamentals for the North Orange County market, the opportunity provides investors with the ability to drive additional income through the lease up of the move-in ready Spec suite and a balanced rollover as 22.4% of the NRA expires over the next three years.

SIGNIFICANT AND IMPROVING AMENITIES Located in The heart of North Orange County, Fairway Center I provides convenient access to an abundance of executive housing options and amenities. Within a mile of the Property are three recreational parks, a public golf course, and four shopping centers. Within immediate proximity is the 1.3 million square foot Brea Mall anchored by , Macy’s, JC Penny and H&M, and offering a variety of fast casual and food service tenants. The newly completed 120 acre La Floresta master– development is within one and a half miles of the Property. La Floresta is highlighted by 90K SF of retail including the first Whole Foods in North Orange County, 1,100 new residential units, and community parks. With over 4 million SF of retail and service amenities and an abundance of housing options, Fairway Center I is an ideal setting for corporate users.

DISCOUNT TO REPLACEMENT COST The Property provides investors the opportunity to acquire a high quality asset at a significant discount to replacement cost, estimated to be approximately $375 per SF. At the current weighted average in-place rent of $1.90 per month FSG, the existing rents are approximately 40% below rents necessary to justify new construction.

7 For Inquiries, Contact: For Analytical Support, Contact: For Debt Financing, Contact: For Leasing, Contact: DERRECK BARKER MICHAEL LEGGETT CHRISTIAN TOBER KEVIN MACKENZIE BRIAN TORP JOHN HARTY SEAN KERN Director Senior Managing Director Analyst Executive Managing Director Senior Director Executive Managing Director Senior Director 949.798.4106 949.798.4106 949.527.4993 949.798.4126 949.798.4118 Cushman & Wakefield Cushman & Wakefield [email protected] [email protected] [email protected] [email protected] [email protected] 949.372.4910 909.942.4691 CA Lic. # 01879565 CA Lic. # 01056334 CA Lic. # 02000531 CA Lic. # 01173794 CA Lic. # 01886645 [email protected] [email protected] CA Lic. # 01121203 CA Lic. # 01377294

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© 2018 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate 8and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.