TARZANA CORNER 6026-6036 Reseda Blvd, Tarzana CA Rare Transit-Oriented Development Project C2-Zoned Hard Corner Across From The Orange Line – Perfect Mixed-Use Opportunity

SITE

METRO Orange Line Parking Oxnard St

Reseda Station

Orange Line

For Further Information Brian Hennessey Jeffrey Gould, CCIM, LEED AP DRONE VIDEO Senior Vice President Principal CLICK HERE Avison Young Lineage Asset Advisors 818.858.1830 818.737.1088 [email protected] [email protected] CA License No. 00481388 CA License No.01437048

Christopher Baer Armand Aghadjanians Reseda Blvd Principal Associate Avison Young Avison Young 818.858.1820 818.858.1822 [email protected] [email protected] CA License No. 00875482 CA License No. 01995659 Reseda Station

Orange Line

METRO Orange Line Parking

Oxnard St SITE THE OFFERING

Reseda Blvd

TARZANA CORNER OFFERING MEMORANDUM DEMOGRAPHICS

WARNER CENTER VENTURA BLVD.

DEMOGRAPHICS 1 Mi 3 Mi COLUMBIA Population 39,615 205,370 COLLEGE HOLLYWOOD Households 15,543 71,237

Average Age 39.60 39.40

Median HH Income $58,294 $66,041

Daytime Employees 15,546 74,456

Pop. Growth '17-'22 3.5% 3.5%

HH Growth '17-'22 3.3% 3.3%

Reseda Station 4.25 Re-Development Project

Orange Line

+45k Daily Traffic Count

+25k Daily Rider Count

OFFERING MEMORANDUM 4 Amenities Map

Reseda Station Food Retail/Lifestyle 1 Kentucky Fried Chicken 2 Anytime Fitness Orange Line 4 Subway 3 Citibank 32 6 IHOP 5 Chevron 7 Pete's Coffee 10 Sprint 8 Domino's 12 Wells Fargo 31 9 McDonald's 13 Chase 11 California Pizza Kitchen 17 AT&T Wirless 14 Whole Foods 18 Walgreens 15 Starbucks 19 7-Eleven 16 Chipotle 21 Mobil 20 Subway 22 Public Storage 23 The Coffee Bean & Tea Leaf 28 CVS 24 Winchell's Donuts 30 Bank of America 25 Taco Bell 31 ARCO 26 Starbucks 34 Hospital 27 Vons 29 Round Table 32 Wingstop 33 Gelson’s Market

2 3 4 8 9 7 34 1 6 5 10 20 21 12 19 22 11 13 33 14 15 16 17 24

23 27 18 28 26 25 29

30 OFFERING MEMORANDUM 5 EXECUTIVE SUMMARY

The Opportunity

Avison Young and Lineage Asset Advisors as owner’s center on the property with four retail tenants that offer More information on the TNP can be found within this exclusive agents are pleased to present Tarzana Corner a developer an existing income stream while they work brochure. for sale which is a rare infill transit-oriented development towards their entitlements. site located across from the Orange Line MTA Rapid The property is in close proximity to other major Bus Transit station - the third busiest transit station in The property also benefits from its location within the amenities along the Orange Line transit corridor the Valley. The property is situated on a hard signalized Transit Neighborhood Plan (TNP) area along the Orange including a new 4.25 acre creative office redevelopment corner and located in the highly dense market of Line. Within the Transit Neighborhood Plan the property on Oxnard Street. It is also just a few stops away from the Tarzana (City of Los Angeles). This incredible property is designated in the “Reseda Commercial Mixed-Use” station which just received approval to add a offers a developer an opportunity to redevelop a transit- area which is meant to encourage higher density light rail station moving north and south along Van Nuys oriented, C2 zoned property on +/- 23,286 square feet of mixed-use projects. The Transit Neighborhood Plan is Blvd corridor – a major win for the Valley. The property is land with two contiguous parcels. The property boasts a being implemented by the City of Los Angeles Planning also close to retail and business amenities along Ventura Walk Score of 75 which is only anticipated to get better Department to encourage building design and a mix of Blvd, has easy access to the 101 freeway, and near the with the neighborhood’s increasing focus on transit higher density uses that foster transit use for properties Providence Tarzana Medical Campus which is currently oriented redevelopment. that are in close proximity to the highest volume public undergoing a major $500M+ renovation. transit stations in LA. The TNP was established to the Located at 6026-6036 Reseda Blvd, Tarzana Corner vision for communities around the Reseda station and currently includes an 11,842 square foot retail strip is anticipated to be finalized in the next couple of years.

Asking Price: $5,750,000 6026-6036 Reseda Blvd ADDRESS: Tarzana, CA SITE

SUBMARKET:

ASSESSOR PARCEL NUMBERS: 2157-001-153 & 2157-001-154

ZONING: C2-1VL

LAND +/- 23,286

BUILDING SIZE +/- 11,842

OFFERING MEMORANDUM 6 EXECUTIVE SUMMARY

Potential Site Opportunities • Mixed-Use Multifamily & Retail • Infill Development Projects • Transit Oriented Developments Reseda Blvd • Creative Office / Entertainment / Medical Office

SITE Oxnard St Oxnard

Parcel Map METRO Orange Line Parking METRO Orange

Prime +/- 0.5 Acre Re-Development/ TOD Corner

OFFERING MEMORANDUM 7 EXECUTIVE SUMMARY

Property Highlights • Rare infill transit-oriented development site in Los Angeles • Hard signalized corner directly across from Reseda Orange Line Station – the third busiest station in the Valley • +/- 23,286 sf of land on two contiguous parcels • Zoned C-2 1VL • Existing 11,842 sf retail strip center on site offering existing income during entitlement phase • Located within “Reseda Commercial Mixed-Use” area of the transit neighborhood plan – focus on mixed-use & higher density development projects • The transit neighborhood plan is contemplating an update to the community plan and re- zone of the projects within the tnp • Walk score of 75 • New 4.25 acres redevelopment project occurring on the same block • Recent approval of Van Nuys Blvd Light rail station inevitable future light rail conversion along Orange Line • Close proximity to major amenities on Ventura Blvd and easy access to 101 freeway • Close proximity to $500m+ re-development of providence Tarzana Medical Campus

OFFERING MEMORANDUM 8 Regional Map

9 AREA OVERVIEW

TARZANA CORNER OFFERING MEMORANDUM AREA OVERVIEW Tarzana The area now known as Tarzana was occupied in 1797 by Spanish settlers and missionaries who established the San Fernando Mission. Later absorbed by Mexico, the land was ceded to the United States in 1848 by the Treaty of Guadalupe Hidalgo following the Mexican-American War. Under US rule it evolved into a series of large cattle ranches owned by local elites. Investors took over in the 1870s, turning grazing into large-scale wheat farm operation.

The area was purchased in 1909 by the Los Angeles Suburban Homes Company. LA Times founder and publisher General Harrison Gray Otis invested in the company and also personally acquired 550 acres in the center of modern-day Tarzana. METRO Orange Line Parking In February 1919, Edgar Rice Burroughs, author of the popular Tarzan novels, arrived SITE in California with his family, relocating from Oak Park, Illinois. He and his family had wintered in Southern California twice before, and he found the climate ideal. On Reseda Blvd March 1, Burroughs purchased Otis’s tract and established Tarzana Ranch. Burroughs subdivided and sold the land for residential development with neighboring small farms following suit.

Tarzana, which measures 8.79 square miles, is bounded on the south by Topanga State Park, on the east by Encino, on the north by Reseda and on the west by Woodland Hills. Demographics

$85,567 532,781 186,056 56% 44% Average HH Income Total Population Total Households Owner Occupied Housing Renter Occupied Housing (3-mile radius) (5-mile radius) (5-mile radius) (3-mile radius) (3-mile radius)

OFFERING MEMORANDUM 22 AREA OVERVIEW Orange Line – Reseda Station Reseda is a station on the Los Angeles Metro Orange Line, in the Metro Busway system. It is named after adjacent , which travels north-south and crosses the east-west busway route. The station is in the Los Angeles districts of Reseda and Tarzana.

ROUTE MAP

ToOxnard Devonshire St — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 7:13 7:03 6:53 6:43 6:33 6:23 6:13 6:03 5:53 5:43 5:23 5:03 4:43 4:23 4:03 3:43 3:23 3:03 2:43 2:23 2:03 1:43 1:03 1:23 9:43 9:23 9:03 8:39 8:11 7:41 7:11 6:40 6:08 5:37A 7:23 5:02 4:07 3:27 3:07 2:47 2:27 2:07 1:47 1:07 1:27 9:51 9:31 9:16 9:01 8:46 8:31 8:16 8:01 7:46 7:33 12:23 12:43 12:03P 11:43 11:23 11:03 10:43 10:23 10:03 12:07A 12:47 11:47 11:27 11:07 10:47 10:28 10:10 ML 178524 AM 1 Chatsworth CHATSWORTH CHATSWORTH 1 Lassen St 7:01 6:51 6:41 6:31 6:21 6:11 6:01 5:51 5:41 5:31 5:21 5:11 5:01 4:51 4:41 4:31 4:21 4:11 4:01 3:51 3:41 3:31 3:21 3:11 3:01 2:51 2:41 2:31 2:21 2:11 2:01 1:51 1:41 1:31 1:01 1:11 1:21 9:51 9:41 9:31 9:21 9:11 9:01 8:51 8:39 8:27 8:14 7:59 7:44 7:29 7:14 6:59 6:44 6:28 6:12 5:56 5:41 5:26A 7:11 4:51 3:56 3:16 2:56 2:36 2:16 1:56 1:36 1:16 9:59 9:39 9:19 9:04 8:49 8:34 8:19 8:04 7:49 7:34 7:21 Plummer St 12:21 12:41 12:51 12:01P 12:31 11:51 11:41 11:31 11:21 11:11 11:01 10:41 10:51 10:31 10:21 10:01 10:11 12:56 11:56 12:36 11:36 11:16 10:56 10:36 10:17 CHATSWORTH 2 PARK NORDHOFF Nordhoff St 6:51 6:41 6:31 6:21 6:11 6:01 5:51 5:41 5:31 5:21 5:11 5:01 4:51 4:41 4:31 4:21 4:11 4:01 3:51 3:41 3:31 3:21 3:11 3:01 2:51 2:41 2:31 2:21 2:11 2:01 1:51 1:41 1:31 1:21 1:01 1:11 9:51 9:41 9:31 9:21 9:11 9:01 8:51 8:41 8:29 8:17 8:04 7:49 7:34 7:19 7:04 6:49 6:34 6:18 6:02 5:47 5:32 5:17A 7:01 4:42 3:47 3:07 2:47 2:27 2:07 1:47 1:27 1:07 9:49 9:29 9:09 8:54 8:39 8:24 8:09 7:54 7:39 7:24 7:11 12:01P12:11 12:31 12:41 12:11 12:51 11:51 11:41 11:31 11:21 11:11 11:01 10:51 10:31 10:41 10:21 10:11 10:01 12:07A12:47 12:16A 12:27 11:47 11:27 11:07 10:47 10:27 10:08 LEGEND 3 Reseda Station Roscoe Bl Metro Orange Line De Soto Av De Soto ROSCOE To Los Angeles Metro Red Line (To Union Station) 6:36 6:26 6:16 6:06 5:56 5:46 5:36 5:26 5:16 5:06 4:56 4:46 4:36 4:26 4:16 4:06 3:56 3:46 3:36 3:26 3:16 3:06 2:56 2:46 2:36 2:26 2:16 2:06 1:56 1:46 1:36 1:26 1:16 1:06 9:56 9:36 9:46 9:26 9:16 9:06 8:56 8:46 8:36 8:26 8:14 8:02 7:49 7:34 7:19 7:04 6:49 6:34 6:19 6:03 5:48 5:33 5:18 5:03A 6:46 4:28 3:33 2:53 2:33 2:13 1:53 1:33 1:13 9:54 9:34 9:14 8:54 8:39 8:24 8:09 7:54 7:39 7:24 7:09 6:56 CANOGA PARK 11:46 11:56 12:06P12:26 12:36 12:46 12:21 12:56 11:36 11:26 11:16 11:06 10:56 10:46 10:36 10:16 10:26 10:06 11:53 12:13A12:53 12:27 11:33 11:13 10:53 10:33 10:13 (Approximate Times) (Approximate Saticoy St RESEDA LAKE BALBOA VAN NUYS Lines 4 Van Nuys Van Station VAN NUYSVAN TARZANA CANOGA Van Nuys Metro Orange Line Orange Metro Warner Center Shuttle Line 601

Canoga Av Airport Topanga Canyon Bl Canyon Topanga WINNETKA Sherman Wy Sherman Wy SHERMAN WAY / 405 6:22 6:12 6:02 5:52 5:42 5:32 5:22 5:12 5:02 4:52 4:42 4:32 4:22 4:12 4:02 3:52 3:42 3:32 3:22 3:12 3:02 2:52 2:42 2:32 2:22 2:12 2:02 1:52 1:42 1:32 1:22 1:12 1:02 9:52 9:42 9:22 9:32 9:12 9:02 8:52 8:42 8:32 8:22 8:12 8:00 7:48 7:35 7:20 7:05 6:50 6:35 6:20 6:05 5:50 5:35 5:20 5:05 4:50A 6:32 4:15 3:20 2:40 2:20 2:00 1:40 1:20 1:00 9:40 9:20 9:00 8:40 8:25 8:10 7:55 7:40 7:25 7:10 6:55 6:42 To Sylmar To VALLEY GLEN To Northridge To 11:32 11:42 11:52 12:02P12:12 12:22 12:32 12:42 12:16 12:52 11:22 11:12 11:02 10:52 10:42 10:32 10:22 10:02 10:12 11:40 11:59 12:20A12:40 12:33 11:20 11:00 10:40 10:20 10:00

To Pacoima To Metro Rapid Stops 170 5 Westbound Westbound NORTH HOLLYWOOD Vanowen St Tampa Av Tampa Vanowen St Metro Orange Line Station Mason Av Reseda Bl Balboa Bl

CANOGA Av Woodley Winnetka Av SEE INSET Oak Av White Timetable Timepoint MAP Victory Bl PIERCE 4:00 3:06 2:12 1:52 1:32 1:12 9:52 9:32 9:12 8:52 8:32 8:17 8:02 7:47 7:32 7:19 7:07 6:55 6:43 6:31 6:21 6:11 6:01 5:51 5:41 5:31 5:21 5:11 5:01 4:51 4:41 4:31 4:21 4:11 4:01 3:51 3:41 3:31 3:21 3:11 3:01 2:51 2:41 2:31 2:21 2:11 2:01 1:51 1:41 1:31 1:01 1:11 1:21 9:51 9:41 9:31 9:21 9:11 9:01 8:51 8:41 8:31 8:21 8:09 7:57 7:44 7:29 7:14 6:59 6:44 6:29 6:13 5:57 5:42 5:27 5:12 4:57 4:42 4:27A 2 Sepulveda Bl Sepulveda Nuys Bl Van

COLLEGE Cyn Av Coldwater Cyn Bl Laurel Bl Lankershim Av Tujunga 12:52 12:12A 11:52 11:32 11:12 10:52 10:32 10:12 12:51 12:11 12:31 12:41 11:51 12:01P 11:31 11:41 11:11 11:21 10:51 11:01 10:31 10:41 10:11 10:21 10:01 Victory Bl Victory Bl DE SOTO Parking 5 North Hollywood Station HOLLYWOOD Erwin St Van Nuys NORTH HOLLYWOOD $ Paid Parking Erwin St Topham St BALBOA WOODLEY Pierce TAMPA Government Center RESEDA Southbound Stop Lankershim Bl AM Amtrak Station College SEPULVEDA 3 4 Northbound Stop WOODMAN Oxnard St 3:47 2:53 1:59 1:39 1:19 9:59 9:38 9:18 8:58 8:38 8:18 8:03 7:48 7:33 7:18 7:05 6:53 6:41 6:29 6:17 6:07 5:57 5:47 5:37 5:27 5:17 5:07 4:57 4:47 4:37 4:27 4:17 4:07 3:57 3:47 3:37 3:27 3:17 3:07 2:57 2:47 2:37 2:27 2:17 2:07 1:57 1:47 1:37 1:27 1:17 1:07 9:57 9:47 9:37 9:27 9:17 9:07 8:57 8:47 8:37 8:27 8:17 8:07 7:55 7:43 7:30 7:15 7:00 6:45 6:30 6:15 5:59 5:44 5:29 5:14 4:59 4:44 4:29 4:14A 12:59 12:39 11:59 11:39 11:19 10:59 10:39 10:19 12:37 12:47 12:57 11:57 12:07P12:27 12:21 11:37 11:47 11:17 11:27 10:57 11:07 10:37 10:47 10:17 10:27 10:07 VAN NUYS ML Metrolink station

Oxnard St Vineland Av Oxnard St Valley 4 Van Nuys Van Station Sepulveda Basin College Airport Transit Center Shuttle Burbank Bl Burbank Bl VALLEY COLLEGE Bay 6 AV Antelope Valley Transit Authority Burbank Bl Chandler Bl North Cumpston St Owensmouth Av Owensmouth 750 LAUREL CANYON 3:33 2:39 1:45 1:25 1:05 9:44 9:23 9:03 8:43 8:23 8:03 7:48 7:33 7:18 7:03 6:50 6:38 6:26 6:14 6:02 5:52 5:42 5:32 5:22 5:12 5:02 4:52 4:42 4:32 4:22 4:12 4:02 3:52 3:42 3:32 3:22 3:12 3:02 2:52 2:42 2:32 2:22 2:12 2:02 1:52 1:42 1:32 1:22 1:12 1:02 9:52 9:42 9:32 9:22 9:12 9:02 8:52 8:42 8:32 8:22 8:12 8:02 7:52 7:40 7:28 7:15 7:00 6:45 6:30 6:15 6:00 5:45 5:30 5:15 5:00 4:45 4:30 4:15 4:00A BB Burbank Bus 12:45 12:05A 12:19A 12:32 11:45 11:25 11:05 10:45 10:25 10:05 12:32 12:22 12:42 12:52 11:52 12:02P 12:17 11:42 11:32 11:22 11:12 11:02 10:52 10:42 10:32 10:22 10:02 10:12 101 Chandler Bl South 5 $ 3 Reseda Station CE LADOT Commuter Express TARZANA NUYS VAN NORTH Magnolia Bl NORTH 405 VALLEY HOLLYWOOD WOODLAND Ventura Bl TARZANA Ventura Bl LD LADOT Dash VILLAGE Express Line ENCINO Nuys Bl Van HILLS 501 to 3:24 2:30 1:36 1:16 9:56 9:34 9:13 8:53 8:33 8:13 7:53 7:38 7:23 7:08 6:53 6:40 6:28 6:16 6:04 5:52 5:41 5:32 5:21 5:12 5:01 4:52 4:41 4:32 4:21 4:12 4:01 3:52 3:41 3:32 3:21 3:12 3:01 2:52 2:41 2:32 2:21 2:12 2:01 1:52 1:41 1:32 1:21 1:12 1:01 9:52 9:41 9:32 9:21 9:12 9:01 8:52 8:42 8:31 8:22 8:12 8:01 7:52 7:42 7:29 7:18 7:04 6:50 6:34 6:20 6:04 5:51 5:36 5:21 5:06 4:51 4:36 4:21 4:06 3:51A Huston St Pasadena SC Santa Clarita Transit 12:36 12:56 11:56 11:36 11:16 10:56 10:36 10:16 12:21 12:12 12:41 12:52 11:41 11:52 12:01P 12:12 11:32 11:21 11:12 11:01 10:52 10:41 10:32 10:21 10:12 10:01 Bay 5 (Approximate Times) (Approximate

750 Av Fulton 2 Canoga Station SV Simi Valley Transit

CANOGA CANOGA PARK 170 Woodman Av Woodman 101 SHERMAN Please be courteous to other passengers and avoid blocking doors and aisles. Taking your bike on the train? Taking Colfax Av Colfax VISTA Ventura Intercity Service OAKS To Universal City Transit Authority — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 3:13 2:19 1:25 1:05 9:44 9:22 9:01 8:41 8:21 8:01 7:41 7:26 7:11 6:56 6:41 6:28 6:16 6:04 5:52 5:40 5:20 5:00 4:40 4:20 4:00 3:40 3:20 3:00 2:40 2:20 2:00 1:40 1:20 1:00 9:40 9:20 9:00 8:40 8:30 8:10 8:00 7:40 7:30 7:06 6:38 6:08 5:40 5:25 5:10 4:55 4:40 4:25 4:10 3:55 3:40A 12:25 12:45 11:45 12:05A 12:16A 12:25 11:25 11:05 10:45 10:25 10:05 11:59 12:20P12:40 12:32 11:40 11:20 11:00 10:40 10:20 10:00 To Los Angeles 1 Saturday, Sunday and Holiday Saturday, Jun 24 2018 Effective Eastbound Chatsworth Station To West Los Angeles CHATSWORTH

Station Layout Attractions Orange Line toward Chatsworth (Tampa) Metro Orange Line bicycle path - adjacent. Orange Line toward North Hollywood (Balboa) Reseda Park and Recreation Center - large L.A. City park; on Reseda & Victory. California State University, Northridge - take Metro bus 240/741 northbound to Nordhoff Street. Metro Busway Service Orange Line service operates 24 hours a day. Hospitals Providence Tarzana Medical Center (On Burbank & Reseda, Take 240 Southbound) Bus Connections Facey Medical Group (On Reseda & Roscoe, Take 240/741 Northbound) : 240 Metro Rapid: 744 OFFERING MEMORANDUM 23 AREA OVERVIEW Top Employers in the Immediate Area

Doing Business in the San Fernando Valley Company # Employees The San Fernando Valley is home to many major corporate companies, and has traditionally been known as the entertainment capital of the world. Not only does Facebook 25,105 The Valley have a support structure from its governments and cities, but it also enjoys Valley Presbyterian Hospital (Van Nuys) 1100 enormous strength from the great businesses that are already here. They include Intuit (Woodland Hills) 1000 Fortune 500 Companies such as The Walt Disney Co., Amgen Inc., Health Net Inc., Los Angeles Pierce College (Woodland Hills) 1000 and Avery Dennison Corp., as well as Fortune 1,000 Companies Tutor Perini Corp., Anheuser-Busch Brewery (Van Nuys) 800 Teledyne Technologies Inc., The Ryland Group Inc., and Public Storage. Naturally, there Encino Hospital Medical Center (Encino) 800 are numerous other Fortune 500 and 1000 companies located in Los Angeles County JBL (Northridge) 750 adjacent to The Valley. Tarzana Treatment Centers (Tarzana) 750 Mission Community Hospital (Panorama City) 600 Other major companies headquartered in The Valley include Facebook, Warner Health Net (Woodland Hills) 552 Brother’s, DreamWorks Animation SKG, Marvel Animation Studios, Nickelodeon, Farmers Group (Woodland Hills) 500 Cartoon Network, CBS and ABC western headquarters, Comcast NBC/Universal, Hilton Providence Tarzana Medical Center (Tarzana) 500 Foundation, PS Business Parks, On Assignment, Yellow Pages, Farmers Insurance, Ixia, Harris Corporation (Van Nuys) 450 Northrop Grumman, Superior Industries International, DineEquity, Dole Food Company, 3M Co (Northridge) 400 and The Cheesecake Factory. Prospect Mortgage (Sherman Oaks) 400 North Los Angeles County Regional Center (Van Nuys) 400 Anthem Blue Cross and Blue Shield (Woodland Hills) 400 MGA Entertainment (Van Nuys) 300

OFFERING MEMORANDUM 24 Confidentiality & Disclaimer

This confidential Offering Memorandum (this “Memorandum”) is being delivered subject to the terms of the Confidentiality Agreement personally or electronically signed by you (the “Confidentiality Agreement”) and constitutes part of the Evaluation Material (as defined in the Confidentiality Agreement). It is being given to you for the sole purpose of evaluating the possible acquisition of Tarzana Corner, located at 6026-6036 Reseda Blvd, Tarzana CA (the “Property”), and is not to be used for any other purpose or made available to any other party without the prior written consent of the “Owner” or Avison Young & Lineage Asset Advisors (“Brokers”).

This Memorandum was prepared by the Broker based on information supplied by the Owner and the Broker. It contains selected information about the Property and the real estate market but does not contain all the information necessary to evaluate the acquisition of the Property. The financial projections contained herein (or in any other “Evaluation Material”, including any computer diskettes or files distributed to you via email from Broker or accessible online through Broker’s website) are for general reference only. They are based on assumptions relating to the general economy and local competition, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents.

While the information contained in this Memorandum and any other Evaluation Material is believed to be reliable, neither Broker nor Owner guarantees its accuracy or completeness. Because of the foregoing and since the Property will be sold on an “As-Is, Where-Is” basis, a prospective purchaser must make its own independent investigations, projections and conclusions regarding the acquisition of the Property without reliance on this Memorandum or any other Evaluation Material. Although additional Evaluation Material, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing progresses, prospective purchasers should seek advice from their own attorneys, accountants, and engineering and environmental experts.

Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the Property or to terminate any negotiations with any party at any time with or without written notice. Owner shall have no legal commitment or obligations to any prospective purchaser unless and until a written purchase and sale agreement has been fully executed, delivered and approved by Owner and any conditions to Owner’s obligations therein have been satisfied or waived. Owner has retained Broker as its exclusive broker and will be responsible for any commission due to Broker in connection with a sale of the Property pursuant to separate agreement. Broker is not authorized to make any representation or agreement on behalf of Owner. Each prospective purchaser will be responsible for any claims for commissions by any other broker in connection with a sale of the Property if such claims arise from acts of such prospective purchaser or its broker. This Memorandum is the property of Owner and Broker and may be used only by parties approved by Owner and Broker. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as permitted under the Confidentiality Agreement.

OFFERING MEMORANDUM 25 METRO Orange Line Parking

Oxnard St SITE

For Further Information

Brian Hennessey Jeffrey Gould, CCIM, LEED AP Senior Vice President Principal Avison Young Lineage Asset Advisors 818.858.1830 818.737.1088 [email protected] [email protected] CA License No. 00481388 CA License No.01437048

Christopher Baer Armand Aghadjanians Principal Associate Avison Young Avison Young 818.858.1820 818.858.1822 [email protected] [email protected] CA License No. 00875482 CA License No. 01995659