OFFERING MEMORANDUM ANAHEIM WEST PLAZA A TRUE VALUE-ADD OPPORTUNITY IN ORANGE COUNTY, CA

3150 - 3174 W. LINCOLN AVE | ANAHEIM, CA

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ANAHEIM WEST PLAZA

OFFERING MEMORANDUM ANAHEIM WEST PLAZA

3150 - 3174 W. Lincoln Ave | Anaheim, CA

LISTED BY TABLE OF CONTENTS

CAITLIN ZIRPOLO EL WARNER ASSOCIATE EVP & NATIONAL DIRECTOR 04 | EXECUTIVE OVERVIEW Direct +1 949 432 4518 Direct +1 949 873 0507 Mobile +1 760 685 6873 Mobile +1 858 752 3078 [email protected] [email protected] 06 | PROPERTY OVERVIEW License No. 01987844 (CA) License No. 01890271 (CA) LEASING EXPERT 12 | AREA OVERVIEW MATT SUNDBERG Direct +1 949 777 5991 Mobile +1 770 757 1963 16 | FINANCIAL OVERVIEW [email protected] License No. 02052540 (CA)

3 SECTION I EXECUTIVE OVERVIEW

4 ANAHEIM WEST PLAZA

Investment Summary OFFERING SUMMARY Price Best Offer In-Place NOI $698,282 Anaheim West Plaza is a neighborhood shopping center in the dense and thriving city of Anaheim. This asset provides an investor with the rare opportunity to In-Place Occupancy 63.0% acquire a value-add Orange county retail asset with near term up-side. Anaheim Stabilized NOI $1,302,506 West plaza is located within a flourishing residential and entertainment-based market with Knott’s Berry Farm 5 minutes away from the site. This center is Stabilized Occupancy 95.0% strategically located on the corner of Lincoln Avenue and Western Avenue, Total Rentable Square Feet ±80,429 SF two highly traveled streets, as well as immediately adjacent to dense residential neighborhoods, proving strong intrinsic value to the asset. Total Land Area ±5.8 AC Note: Difference between In-Place and Stabilized NOI is lease up to tenants

INVESTMENT HIGHLIGHTS

»» Located within a desirable in-fill market in the most populated city in Orange County with demographics of 303,415 people in a 3-mile radius and 677,068 in a 5-mile radius. »» Extremely rare value-add opportunity in prestigious Orange county. »» The center benefits from being located on one of the highest trafficked intersections in Anaheim seeing 49,000 VPD at the hard corner of Western Ave and Lincoln Ave. »» This asset provides an investor with the unique opportunity to increase NOI in the near term by over 186% through lease up. »» Desirable E-commerce proof tenant line-up with over 78% of the center occupied by restaurant, service and medical retailers. »» Located within Orange counties mecca for sports and entertainment, Anaheim West Plaza is within close proximity to Angels Stadium, , the and Knotts Berry Farm, allowing the site to receive additional out of town shoppers.

5 SECTION II PROPERTY OVERVIEW

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PHYSICAL DESCRIPTION

PROPERTY NAME PARCEL MAP Anaheim West Plaza

ADDRESS 3150 - 3174 W. Lincoln Ave

LOCATION Anaheim, CA

PARCEL 135-281-19

NET RENTABLE AREA ±80,429 SF

YEAR BUILT/RENOVATED WESTERN AVE 1986 / 2008

PARKING STALLS ±387 Surface Spaces (4.80 : 1,000 SF)

ZONING ±CG LINCOLN AVE ±49,000 VPD TYPE OF OWNERSHIP Fee Simple

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SITE PLAN - CURRENT TENANCY Suite Tenant SF A106 Vacant 3,000 A110 Coin Laundry 2,737 B102-B118 Fresenius Medical Care 12,063 B120 Cosmo Prof 2,160 D100 B122 Working Wardrobes 2,400 D102 NAP D104 B124 Vacant 2,400 B102B118 D106 B128 Vacant 2,400 D108 B134 Mon Amor Banquet Hall 9,200 B120 B140 Vacant 10,413

B122 B160 Vacant 6,252

B124 C100 SaveFavor 15,393 C102 Vacant 5,299 B128 D100 Subway 1,398 D102 Dentist (Michael Le) 1,320 A D104 La Columena Bakery 1,320 C102 C100 B134 D106 Royal Hair Salon 964 A B160 B140 D108 Precise MRI 1,710 Totals 17 Suites 80,429 SF

Occupied Vacant

As shown and will be discussed herein, the above site plan illustrated the centers current physical occupancy and does not include LOI’s in-place

8 Anaheim West Plaza

SITE PLAN -PROPOSED TENANCY Suite Tenant SF A106 Vacant 3,000

A110 Coin Laundry 2,737

D100 B102-B118 Fresenius Medical Care 12,063 D102 NAP B120 Cosmo Prof 2,160 D104 B102B118 D106 B122 Working Wardrobes 2,400 D108 Proposed E-commerce B124-B128 4,800 B120 Proof Use B134 Mon Amor Banquet Hall 9,200 B122 B140-C102 Proposed Fitness User 37,357 B124B128 PROPOSED ECOMMERCE D100 Subway 1,398 PROOF USER D102 Dentist (Michael Le) 1,320

A D104 La Columena Bakery 1,320 B134 B140C102 D106 Royal Hair Salon 964 A PROPOSED FITNESS USER D108 Precise MRI 1,710

Totals 13 Suites 80,429 SF

Occupied Vacant Proposed

As shown and will be discussed herein, the above site plan illustrated the centers current physical occupancy and does not include LOI’s in-place

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ADDING VALUE - LEASE UP As discussed, this property is a tremendous opportunity to acquire a value add shopping center in infill Orange County with strong near term leasing activity. The current occupancy is only 63% but will increase to 97% with just a few leases that are currently under negotiation. The current NOI is forecasted to double in the next 6 months by leasing out the 37,357 space to a fitness user and the remaining 4,800 SF space to ecommerce proof retailers.

The timing could not be more perfect to acquire this asset and ride the value add wave that will create significant cash on cash returns while controlling irreplaceably located real estate. While the property has had its issues due to the poor tenant selections and store closings it is perfectly positioned for a quick recovery, which is supported by the significant leasing activity recently received.

Please reach out to our firm that also manages the leasing of this property to fully understand the value enhancing program we have put forward.

10 ANAHEIM WEST PLAZA N SURROUNDING AREA

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11 SECTION IV AREA OVERVIEW

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THE CITY OF ANAHEIM Anaheim is a city in Orange County, California, part of the Los Angeles metropolitan area. As of 2016, the city had a population of 336,741, making it the most populous city in Orange County and the 10th most populous city in California. Anaheim is the second largest city in Orange County in terms of land area (after Irvine) and is known for its theme parks, sports teams, and convention center.

Anaheim was founded by fifty German families in 1857 and incorporated as the second city in Los Angeles County on March 18, 1876. The city developed into an industrial center, producing electronics, aircraft parts, and canned fruit. It is the site of the , a world-famous grouping of theme parks and hotels which opened in 1955, of Anaheim, Honda Center and the Anaheim Convention Center. The Disneyland Resort is the largest employer in Anaheim with approximately 22,200 employees. Anaheim is home to two major professional sports teams: The (NHL) and Anaheim Angeles (MLB).

The Santa Ana Freeway (I-5), the Orange Freeway (SR57) and the Riverside Freeway (SR 91) all pass through Anaheim. Anaheim is equidistant from both John Wayne Airport and Long Beach Airport (15 miles each). Anaheim West Plaza is located within Southwest Anaheim. This portion of Anaheim is known for having a high number of residential properties. The demographic makeup of this particular region is primarily Hispanic and Asian. ANAHEIM CONVENTION CENTER

DEMOGRAPHICS - ANAHEIM, CA TOURISM In June 2017, Anaheim welcomed an estimated 2.1 million visitors to the destination and their Population 1-Mile 3-Mile 5-Mile spending throughout Orange County contributed approximately $740 million to the local 2023 Projection 38,251 312,271 695,044 Compared to June 2016, Anaheim visitor volume increased by 1.3 percent and total visitor economy. 2018 Estimate 37,084 303,415 677,068 spending in Orange County by Anaheim visitors rose by 4.4 percent. Year-to-date (January - June 2017): 2010 Census 35,002 287,828 648,681 Growth 2018-2023 3.15 % 2.92 % 2.65 % »» 12,083,000 visitors have traveled to Anaheim, which is 10.6 percent more than 2016. Households 1-Mile 3-Mile 5-Mile »» Spending by Anaheim tourists in Orange County totaled $4.213 billion, which is an increase 2023 Projection 11,119 90,991 208,027 of 10.1 percent compared to 2016. 2018 Estimate 10,504 86,186 197,500

»» Monthly visitor statistics help to illustrate the positive impact and opportunity tourism brings 2010 Census 9,852 81,235 187,750 to Anaheim and Orange County. Revenue generated from tourism leads to an increase in Growth 2018-2023 5.85 % 5.57 % 5.33 % nonexportable jobs, small business success, and contributions to the city’s general fund that Income 1-Mile 3-Mile 5-Mile is funneled to police and fire departments, libraries and maintenance for local parks. 2018 Average $79,262 $82,407 $92,661 Household Income 13 ANAHEIM, CALIFORNIA

ORANGE COUNTY, CALIFORNIA With a population of over 3,170,000, Orange County is the third most populous county in California. It is the second most densely populated county in the state, second to only County. There are thirty-four (34) incorporated cities within the county, there is no defined urban center of Orange County, the majority of the county is comprised of suburban neighborhoods aside from older cities within the County such as Anaheim, Fullerton, Huntington Beach, and Orange which have traditional downtown centers.

»» Orange County has one major airport: John Wayne Airport which handles nine (9) million passengers annually through fourteen (14) different airlines.

»» Orange County is home to several well-known shopping malls including , , , Irvine Spectrum, , and .

»» Orange County is an educational hub containing nine (9) junior colleges, and fourteen (14) four-year universities including Cal State Fullerton, and University of California

»» The county is well known for its tourism, it is home to theme parks Disneyland and Knott’s Berry Farm, as well as forty (40) plus miles of California beaches/coastline.

3RD RANKED #2 RANKED #1 Most Populous Wealthiest County in Safest Area County in the Nation in the Nation

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COMMUNITIES is located in the heart of the Colony Historic District. Downtown is the administrative heart of the city where you find City Hall, Anaheim West Tower, Anaheim Police Headquarters, the Anaheim Chamber of Commerce and the Main Library. Anaheim Ice (formerly Disney Ice), the Downtown Anaheim Farmer’s Market, a food hall in a historic 1919 Sunkist packing house, and the Center Street Promenade are also located in Downtown Anaheim.

Pearson Park is also located in Downtown Anaheim and is named after Charles Pearson, who was Mayor of Anaheim during the time opened Disneyland in Anaheim. One of the major attractions located in Pearson Park is the Pearson Park Amphitheater. In the Colony Historic District just west of Downtown Anaheim is the Mother Colony House, which was built by George Hanson and was the first house built in Anaheim, the founder of Anaheim. Today, it is Anaheim’s and Orange County’s oldest extant museum.

RETAIL Larger retail centers include the Downtown Disney shopping area at the Disneyland Resort, the power centers in western Anaheim, and in East Anaheim as well as the Anaheim GardenWalk lifestyle center.

Nestled in the heart of Anaheim, the Packing District encompasses three historic landmarks and the urban green of Farmers Park. The main ingredient of the district is the , one of the last remaining citrus packing warehouses, which has been historically preserved and retrofitted as one of the great original American food halls.

Anaheim Hills is a master-planned community located in the city’s eastern stretches that is home to many of the city’s affluent. Downtown Anaheim has three mixed-use historic districts, the largest of which is the Anaheim Colony. The , a commercial district, includes Disneyland, Disney California Adventure, and numerous hotels and retail complexes. The Platinum Triangle, a neo-urban redevelopment district surrounding Angel Stadium, is planned to be populated with mixed-use streets and high-rises.

POINTS OF INTEREST

ANAHEIM ANGELS DISNEYLAND PACKING DISTRICT STADIUM RESORT

15 SECTION III FINANCIAL OVERVIEW

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RENT ROLL

Contract Contract Rent Increases Lease Lease Square % of Rental Rate Rent $ PSF Suite Tenant Option Periods Recovery Notes Start End Feet NRA $PSF/ $PSF/ $ PSF/ Year Month Date Yr. Mo. Yr. Tenant pays pro rata plus 15% A106 Vacant 3,000 3.7% $57,600 $4,800 $19.20 $1.60 3% inc. annual Admin Fee on all operating expenses.

Tenant pays pro rata plus Dec-19 $22.28 1x5 yrs @ $28.22 w/ ann inc. Dec-20 $22.95 15% Admin Fee on all 1x5 yrs @ $31.76 A110 Coin Laundry Nov-17 Dec-27 2,737 3.4% $59,201 $4,933 $21.63 $1.80 Dec-21 $23.64 operating expenses. HVAC w/ ann inc. Maintenance is excluded as 2x5 yrs @ FMV 3% inc. annual Tenant has swamp coolers.

Tenant pays pro rata plus 7% Fresenius Medical Admin Fee on all operating B102-B118 Aug-14 Aug-24 12,063 15.0% $217,134 $18,095 $18.00 $1.50 Sep-19 $21.00 3x5 yrs @ FMV Care expenses. Management Fee is not reimbursed. Tenant pays pro rata plus 15% Admin Fee on CAM. TAX and INS are reimbursed pro rata. B120 Cosmo Prof Sep-08 Nov-23 2,160 2.7% $38,880 $3,240 $18.00 $1.50 Tenant has a 5% cumulative CAP on CAM. CAP excludes TAX, INS and Utilties. Tenant pays pro rata plus 15% 1 Working Admin Fee on all operating B122 Jul-03 Nov-21 2,400 3.0% $29,160 $2,430 $12.15 $1.01 Wardrobes expenses. Management Fee is not reimbursed. Speculative Tenant pays pro rata plus 15% Admin Fee on all B124 Vacant 2,400 3.0% $46,080 $3,840 $19.20 $1.60 operating expenses including Management Fees. Speculative Tenant pays pro rata plus 15% Admin Fee on all B128 Vacant 2,400 3.0% $46,080 $3,840 $19.20 $1.60 operating expenses including Management Fees.

1 Assumes Tenant extends for three years at in-place rent

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RENT ROLL

Contract Contract Rent Increases Lease Lease Square % of Rental Rate Rent $ PSF Suite Tenant Option Periods Recovery Notes Start End Feet NRA $PSF/ $PSF/ $ PSF/ Year Month Date Yr. Mo. Yr. Tenant pays pro rata plus 15% Mon Amor Nov-23 $23.68 Admin Fee on all operating B134 Aug-08 Oct-33 9,200 11.4% $194,304 $16,192 $21.12 $1.76 Banquet Hall Nov-28 CPI expenses. Management Fee is not reimbursed. Speculative Tenant pays pro 2 Vacant B140 10,413 12.9% $124,956 $10,413 $12.00 $1.00 rata on all operating expenses including Management Fees. Speculative Tenant pays pro B160 3 Vacant 6,252 7.8% $75,024 $6,252 $12.00 $1.00 rata on all operating expenses including Management Fees. Speculative Tenant pays pro C100 4 SaveFavor Jun-15 Dec-19 15,393 19.1% $156,772 $13,064 $10.18 $0.85 rata on all operating expenses including Management Fees. Speculative Tenant pays pro rata plus 15% Admin Fee on all C102 5 Vacant 5,299 6.6% $89,023 $7,419 $16.80 $1.40 operating expenses including Management Fees. Tenant pays pro rata share Jun-19 $33.99 D100 Subway Jun-09 May-21 1,398 1.7% $46,134 $3,845 $33.00 $2.75 3x3 yrs @ FMV of all operating expenses Jun-20 $35.01 including Management Fees. Oct-19 $21.56 Tenant pays pro rata share Dentist (Michael Oct-20 $22.21 3x5 yrs @ FMV D102 May-13 Sep-23 1,320 1.6% $27,633 $2,303 $20.93 $1.74 of all operating expenses Le) Oct-21 $22.88 w/ 3% inc. ann including Management Fees. Oct-22 $23.56 Tenant pays pro rata plus 15% La Columena Admin Fee on all operating D104 Mar-99 Nov-21 1,320 1.6% $19,158 $1,597 $14.51 $1.21 Bakery expenses. Management Fee is not reimbursed.

2 Negotiating with Fitness Industry tenant to take space 3 Negotiating with Fitness Industry tenant to take space 4 Tenant is MTM, assumes one year deal, then reabsorbs as part of fitness tenant spacewith a $12.00 NNN Rent 5 Negotiating with perspective tenant to take space

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RENT ROLL

Contract Contract Rent Increases Lease Lease Square % of Rental Rate Rent $ PSF Suite Tenant Option Periods Recovery Notes Start End Feet NRA $PSF/ $PSF/ $ PSF/ Year Month Date Yr. Mo. Yr. Tenant pays pro rata plus 15% Admin Fee on all operating D106 6 Royal Hair Salon May-02 Nov-21 964 1.2% $13,740 $1,145 $14.25 $1.19 expenses. Management Fee is not reimbursed. Jun-20 $22.25 Tenant pays pro rata plus 15% Jun-21 $22.92 Admin Fee on all operating D108 Precise MRI Nov-17 May-24 1,710 2.1% $36,936 $3,078 $21.60 $1.80 2x5 yrs @ FMV Jun-22 $23.60 expenses. Management Fee is Jun-23 $24.31 not reimbursed.

Occupied Totals - In Place 50,665 63.0% $839,053 $69,921 $16.56 $1.38

Vacant Totals 29,764 37.0% $438,763 $36,564 $14.74 $1.23

Totals 80,429 100.0% $1,277,817 $106,485 $15.89 $1.32

6 Assumes Tenant extends for three years at in-place rent

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INCOME & EXPENSES

In- Place Stabilized Total $/SF Total $/SF Income Rental Income $849,507 $10.56 $1,379,744 $17.15 Other Income $0 $0.00 $0 $0.00 Vacancy Factor $0 $0.00 ($93,069) ($1.16) Reimbursement Revenue $285,301 $3.55 $481,632 $5.99

Effective Gross Income $1,134,808 $14.11 $1,768,307 $21.99

Expenses Real Estate Taxes $180,521 $2.24 $184,131 $2.29 Insurance $34,893 $0.43 $35,940 $0.45 CAM $187,068 $2.33 $192,681 $2.40 Management Fees $34,044 $0.42 $53,049 $0.66 EGI (%) 3.0% 3.0% Administrative / Professional $0 $0.00 $0 $0.00 Fees Total Operating Expense $436,526 $5.43 $465,801 $5.79 Net Operating Income $698,282 $8.68 $1,302,506 $16.19 Operating Expense Ratio 38.5% 26.3%

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SUMMARY TENANT PROFILE

Square Lease In-Place % of Tenant Tenant Name Credit Feet Expiration Rent Revenue Type OCCUPANCY SaveFavor 15,393 Dec-19 $156,772 18.7% Anchor Local/Regional Occupied Totals -63% Anchor Subtotal 15,393 $156,772 18.7% Vacant Totals - 37%

Subway 1,398 May-21 $46,134 5.5% Restaurant National/Credit La Columena Bakery 1,320 Nov-21 $19,158 2.3% Restaurant Local/Regional Restaurant Subtotal 2,718 $65,292 7.8%

Working Wardrobes 2,400 Nov-21 $29,160 3.5% Shops Local/Regional TENANT BREAKDOWN Shops Subtotal 2,400 $29,160 3.5% Local/ Regional - 73% Coin Laundry 2,737 Dec-27 $59,201 7.1% Services Local/Regional National / Credit - 27% Cosmo Prof 2,160 Nov-23 $38,880 4.6% Services Local/Regional Mon Amor Banquet Hall 9,200 Oct-33 $194,304 23.2% Services Local/Regional Royal Hair Salon 964 Nov-21 $13,740 1.6% Services Local/Regional Services Subtotal 15,061 $306,125 36.5%

Fresenius Medical Care 12,063 Aug-24 $217,134 25.9% Medical National/Credit RENT BREAKDOWN Dentist (Michael Le) 1,320 Sep-23 $27,633 3.3% Medical Local/Regional Services - 36% Precise MRI 1,710 May-24 $36,936 4.4% Medical Local/Regional Medical - 34% Medical Subtotal 15,093 $281,703 33.6% Anchor -19%

Grand Total 50,665 $839,053 100% Restaurant - 8%

Shops - 3%

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CASH FLOW ASSUMPTIONS

TIMING Analysis Start 12/1/18 Analysis End 11/30/28 Hold Period 10 years AREA MEASURES Net Rentable Area 80,429 Inflation Market Rent Growth 3.0% Expense Growth 3.0% Real Estate Tax Growth 2.0% GENERAL VACANCY GV Loss 5.0% LEASING ASSUMPTIONS Market Rent ($PSF/Annual) Anchor: $12.00 NNN Shops: $16.80 NNN - $24.00 NNN Renewal Probability 75% Downtime Anchor: 12 Months Shops: 6 Months Tenant Improvement Allowance ($/PSF) $5.00 psf - $30.00 psf Leasing Commissions New: 6% Renewal: 3% Free Rent None Rent Increases Anchor: 10% mid term Shops: 3% annual Reimbursements NNN, NNN + 15% Admin Fee Term Anchor: 10 years Shops: 5 years

22 ANAHEIM WEST PLAZA CASH FLOW Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Nov-2019 Nov-2020 Nov-2021 Nov-2022 Nov-2023 Nov-2024 Nov-2025 Nov-2026 Nov-2027 Nov-2028 Occupancy 62.99% 100.00% 100.00% 99.03% 100.00% 99.20% 97.29% 100.00% 99.03% 100.00% Potential Gross Revenue Base Rental Revenue $1,485,704 $1,379,744 $1,453,243 $1,575,503 $1,598,311 $1,662,950 $1,760,516 $1,792,220 $1,826,378 $1,861,476 Absorption & Turnover Vacancy (636,197) (17,852) (15,441) (50,050) (20,695) ______Scheduled Base Rental Revenue 849,507 1,379,744 1,453,243 1,557,651 1,598,311 1,647,509 1,710,466 1,792,220 1,805,683 1,861,476

Expense Reimbursement Revenue Real Estate Taxes 121,786 196,864 200,802 202,696 208,914 212,064 211,877 222,534 224,623 231,527 Insurance 23,541 38,425 39,579 40,347 41,991 43,041 43,429 46,056 46,941 48,859 CAM 130,840 212,304 217,630 221,321 227,117 231,611 233,636 247,762 252,479 262,781 Management Fee 9,134 34,039 36,540 42,458 43,843 47,107 49,642 52,629 52,709 54,777 ______Total Reimbursement Revenue 285,301 481,632 494,551 506,822 521,865 533,823 538,584 568,981 576,752 597,944 ______Total Potential Gross Revenue 1,134,808 1,861,376 1,947,794 2,064,473 2,120,176 2,181,332 2,249,050 2,361,201 2,382,435 2,459,420 General Vacancy (93,069) (97,390) (86,264) (106,009) (94,398) (64,905) (118,060) (99,462) (122,971) ______Effective Gross Revenue 1,134,808 1,768,307 1,850,404 1,978,209 2,014,167 2,086,934 2,184,145 2,243,141 2,282,973 2,336,449 ______Operating Expenses Real Estate Taxes 180,521 184,131 187,814 191,570 195,402 199,310 203,296 207,362 211,509 215,739 Insurance 34,893 35,940 37,018 38,129 39,272 40,451 41,664 42,914 44,201 45,527 CAM 187,068 192,681 198,460 204,415 210,546 216,863 223,368 230,070 236,971 244,081 Management Fee 34,044 53,049 55,512 59,346 60,425 62,608 65,524 67,294 68,489 70,093 ______Total Operating Expenses 436,526 465,801 478,804 493,460 505,645 519,232 533,852 547,640 561,170 575,440 ______Net Operating Income 698,282 1,302,506 1,371,600 1,484,749 1,508,522 1,567,702 1,650,293 1,695,501 1,721,803 1,761,009 ______

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CONFIDENTIALITY AGREEMENT & DISCLAIMER

This Offering Memorandum contains select information pertaining to the business and affairs ofAnaheim West Plaza located at 3150 - 3174 W. Lincoln Ave, Anaheim, CA (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive oßr contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1 . The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

24 OFFERING MEMORANDUM ANAHEIM WEST PLAZA

LISTED BY

CAITLIN ZIRPOLO EL WARNER ASSOCIATE EVP & NATIONAL DIRECTOR Direct +1 949 432 4518 Direct +1 949 873 0507 Mobile +1 760 685 6873 Mobile +1 858 752 3078 [email protected] [email protected] License No. 01987844 (CA) License No. 01890271 (CA)

LEASING EXPERT MATT SUNDBERG Direct +1 949 777 5991 Mobile +1 770 757 1963 [email protected] License No. 02052540 (CA)

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