19431 BEACH BOULEVARD

1 9 4 3 1 B E A C H B O U L E VA R DHUNTINGTON BEACH, CA

OFFERING MEMORANDUM CAPITAL MARKETS INVESTMENT PROPERTIES

BEACH BOULEVARDBEACH BOULEVARD

YORK

TOWN

YORK

TOWN

AFFILIATED BUSINESS DISCLOSURECBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgment of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

CONFIDENTIALITY AGREEMENTYour receipt of this Memorandum constitutes your acknowledgment that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to

express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

DISCLAIMERThis Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete

nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

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. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

© 2019 CBRE, Inc. All rights reserved.

1 . INVESTMENT SUMMARY & PRIC ING OVERVIEW . . . . . . . . . . . . . . . 4

2 . AERIAL & PROPERTY PHOTOS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

3 . PROPERTY DESCRIPT ION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

4 . LOCAT ION OVERVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

5 . DEMOGRAPHICS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

FOR MORE INFORMATION, PLEASE CONTACT: T A B L E O F C O N T E N T SNATHAN HOLTHOUSERSenior Vice President Lic. 01838616 +1 949 229 2273 nathan.holthouser@cbre.com

TRAM CHURCH Senior Associate Lic. 01478857 +1 949 791 9089 tram.church@cbre.com

CBRE3501 Jamboree Road Suite 100 Westminster, CA 92660

JAMES LEHIGHAssociate Lic. 01850077 +1 858 367 0385 james.lehigh@cbre.com

REBECCA CANALEZClient Services Team Lead Lic. 01384744 +1 949 809 3661 rebecca.canalez@cbre.com

ASHLEY RUSSELLMarketing Coordinator Lic.02085104 +1 949 809 3625 ashley.russell@cbre.com

BEACH BOULEVARD

BEACH BOULEVARD

YORKTOWNYORKTOWN

INVESTMENT SUMMARY & PRICING OVERVIEW

PRICING SUMMARY

List Price $4,995,000

Gross Leasable Area (SF) 13,284

Price/SF $376

Lot Size (SF) 39,662

Price/SF Land $126

Year Built 1965

HUNTINGTON BEACHCBRE has been retained as the exclusive advisor to offer for sale a rare Owner- User or Development opportunity in Huntington Beach, California. The property is a 13,284 square foot building situated on 39,662 square feet of land with 39 parking spaces. This property sits just off the hard lit corner of Beach Boulevard and Yorktown Avenue. It is on a main intersection of Huntington Beach with over 42,000 VPD and approximately two miles from Huntington’s Beaches.

INVESTMENT HIGHLIGHTS• Large Infill Location – Extremely Rare Large Parcel on Beach Blvd with Flexible Zoning within the Beach

and Edinger Corridor Specific Plan

• Dense Retail Corridor – Surrounding by National Tenants like Albertsons, Starbucks, Coffee Bean, Wells Fargo, El Pollo Loco, Popeye’s and many others.

• Well Located and Visible – Just off hard corner of Beach Blvd and Yorktown Avenue

• Dense Population & Affluent Demographics – There are more than 160,000 people in a 3 mile radius, as well as an average household income exceeding $100,000 within a 1 mile radius

BEACH BOULEVARD

BEACH BOULEVARD

YORKTOWNYORKTOWN

AERIAL & PROPERTY PHOTOS

Beach B

lvd

Beach B

lvd

YorktownYorktown

Viet Toyotaof

Huntington Beach

19431 BEACH BLVD.

R

Beach

Blv

d

Beach

Blv

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YorktownYorktown

Pacific Ocean/Huntington Beach

R

19431 BEACH BLVD.

York

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York

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Beach BlvdBeach Blvd

Pacific Ocean/Huntington Beach

19431 BEACH BLVD.

Beach Blvd

Beach Blvd

YorktownYorktown 19431 BEACH BLVD.

BEACH BOULEVARD

BEACH BOULEVARD

YORKTOWNYORKTOWN

PROPERTY DESCRIPTION

ADDRESS19431 Beach Boulevard Huntington Beach, CA 92648

SITEThe Property is located just off corner on Beach Blvd and Yorktown Ave.

PARKINGThe Site provides 39 parking spaces.

LAND AREAThe Property consists of one (1) parcel totaling 39,662 SF or 0.91 acres (APN 025-180-23).

BUILDING AREAThe subject consists of one (1) retail building totaling approximately 13,284 SF of net rentable area.

YEAR BUILTThe Property was built in 1965.

TRAFFIC COUNTSBeach Blvd & Yorktown ±60,000 VPD

ZONING

Per the City of Huntington Beach, the subject site is currently zoned as C3. The Property is currently in the Beach and Edinger Corridors Specific Plan.

BEACH BOULEVARD

BEACH BOULEVARD

YORKTOWNYORKTOWN

LOCATIONOVERVIEW

HUNTINGTON BEACHHuntington Beach is a seaside city positioned in the western region of Orange County. Bordered by the Pacific Ocean on the west, it is known worldwide for its long 8.5 mile stretch of beautiful coast, mild climate, and excellent surfing. The surf, sand, sun and subtle sophistication found in the City of Huntington Beach encapsulate the Californian lifestyle. Its ocean swells, endless sunshine and a fleet of bobbing longboards have played an instrumental role in earning the city its well-deserved “Surf City” nickname.

Located 35 miles south of Los Angeles and 90 miles north of San Diego, it is home to more than 197,000 residents making it the largest beach city in Orange County. Named for railroad

HUNTINGTON BEACH DEMOGRAPHICS2018 Estimated Population 203,241

2023 Projected Population 211,816

2010 Census Population 190,865

2000 Census Population 190,799

Growth 2010-2018 0.76%

Growth 2018-2023 0.83%

2018 Estimated Median Age 42.1

2018 Estimated Households 78,537

2023 Projected Households 81,237

2010 Census Households 74,764

2000 Census Households 74,362

Growth 2010-2018 0.60%

Growth 2017-2023 0.68%

2018 Est. Average Household Income $127,227

magnate Henry Huntington who orchestrated its development, the city is now an epicenter of activity and entertainment with a large stretch of sandy beach, mild climate, excellent surfing, and beach culture. Named one of the “Best Cities to Live in Orange County” by OC Weekly , Huntington Beach offers residents a charming community with ideal weather, a diversified economy overflowing, good jobs, a wide variety of housing, an excellent educational system, boat marinas, numerous parks, and exemplary health care.

Huntington Beach features one of the largest recreational piers in the world, public parks, riding stables and equestrian trails, a marina, and a wildlife preserve, and an eight-mile biking, inline skating, jogging, and walking trail along the ocean. As the fourth largest city in Orange County and the 23rd largest in the State of California, more than 60,000 people are currently employed by over 10,000 businesses in the city. Huntington Beach is not only known for its

beaches and technology but also its variety of food and retail that can be found throughout. Located in the Downtown District, there are more than 50 unique and exciting businesses that line the streets. Their close proximity to the ocean mixed with the cities laid back Californian vibes offer a one-of-a-kind experiences for residents and visitors alike. Huntington Beach is also home to Bella Terra. A Tuscan themed commercial property with nearly 800,000 square

ECONOMY

Tourism and technology are the leading industries in Huntington Beach today. Home to more than 650 industrial businesses, including Boeing, Quicksilver, Cambro Manufacturing, Dynamic Cooking Systems and C & D Aerospace, Huntington Beach boasts a diversified and dynamic economy. Tourism remains a vital part of the economy, as over 11 million visitors flock to the city during the summer, on weekends and for special events.

TOP EMPLOYERS IN HUNTINGTON BEACHEmployer Number of

Employees1 Boeing 4,391

2 Cambro MFG Inc 1,015

3 Ensign United States Drilling 925

4 GWC 900

5 Hyatt Regency 641

6 C & D Aerospace 555

7 Zodiac Aerospace 542

8 Huntington Beach Hospital 503

9 Huntington Valley Healthcare 381

10 Quiksilver 350

feet of retail, restaurant, open-air courtyards and entertainment. Located just off of the 405 freeway, Bella Terra offers residents and visitors more than 70 unique restaurants, cafes and shops. Anchors include Whole Foods, Kohl’s, REI, Century Theaters, and Cost Plus World Market.

Huntington Beach supports a thriving retail economy with a projected opportunity gap of $937.3M. The city is currently home to 9.9

million square feet of retail space and 109 major retail centers. The largest centers in the city include the 1 million square foot Bella Terra, 233,000 square foot Town House Plaza, the 232,000 square foot Seacliff Village, and the newly constructed 200,000 Pacific City. Furthermore, Huntington Beach has a vibrant and diverse Main St. shopping area as well as multiple costal retail properties.

AIRPORTS

John Wayne Airport: John Wayne Airport is an international airport located in Orange County. John Wayne International Airport is the sole commercial airport in Orange County and the largest airlines are Southwest Airlines, American Airlines, United Airlines, Alaska Airlines, and Delta Air Lines. The Airport has been ranked countless times as one of the most hassle free airports in Southern California and serves an estimated 10.5 million passengers annually.

Los Angeles International Airport: Los Angeles International Airport is the largest and busiest airport in the Greater Los Angeles Area and the state of California, as well as one of the largest international airports in the United States. LAX serves as a hub for Alaska Airlines, American Airlines, Delta Air Lines, United Airlines, and Virgin America. The airport serves as a focus city for Allegiant Air, Air New Zealand, Qantas, Southwest Airlines, Spirit Airlines and Volaris. LAX serves an estimated 81 million passengers each year and has an economic impact of $14.9 billion.

EDUCATIONCalifornia State University, Long Beach: California State University, Long Beach is the third largest campus of the 23-school California State University system and one of the largest universities in the state of California by enrollment. Its student body is an estimated 37,776 for the Fall 2016 semester. The school has 2,283 total faculty, and 5,286 graduate students. The university enrolls one of the largest graduate student populations across the CSU and in the state of California alone.

Vanguard University: Vanguard University of Southern California is an accredited, private, non-profit Christian university of liberal arts and professional studies in Costa Mesa. The school offers over 30 undergraduate degrees and emphases in 15 different departments. Vanguard University also offers adult-learning programs in its professional studies department and features six graduate degrees. It is accredited by the Western Association of Schools and Colleges and was ranked #12 in Western Regional Colleges.

TOURISMBeach: The greatest of Huntington Beach’s draws is its eight and a half miles of clean and beautiful beaches. The area annually host professional and amateur surf and volleyball contests, plus a growing number of nationally televised beach events that brings thousands of visitors every year. The Huntington Beach pier and shores are popular year-round for visitors and residents alike and are home to the US Open of surfing event which draws crowds of 300,000 each July. The downtown district also houses an active art center, a colorful shopping district, and the International Surfing Museum.

Downtown Huntington Beach: Directly across from Huntington Beach Pier lies the downtown shopping area. Infused with the spirit of surf culture, this area features more than 50 boutiques, shops and sidewalk cafes. Here shoppers can browse the cutting-edge surf and skate shops, pick out the latest in beach gear, or peruse the wide selection of bathing suits and beach apparel.

ORANGE COUNTY• Ranked in Forbes magazine's top 50

economically thriving metro areas, Orange County enjoys lower business costs, a highly qualified workforce, and one of the lowest unemployment rates in the country.

• Attraction and retention of the world’s leading companies will remain high due to Orange County’s 17 colleges and universities, one of the best educated work forces in the world, and an independent attitude.

• Orange County is roughly 1% of the U.S. Population, but it has 3% of Fortune 500 companies.

• Between July 2016 and August 2016, total nonfarm employment increased from 1,579,200 to 1,581,400, an increase of 2,200 jobs. Educational and health services, and other services, gained 1,200 jobs each. Three other industries reported month-over increases: manufacturing (up 500 jobs), financial activities (up 300 jobs), and information (up 100 jobs).

• More than 43 million tourists visit Orange County annually, spending approximately $8.7 billion and supporting nearly 160,000 local tourism industry jobs.

• Orange County’s 42-mile coastline offers all types of seafaring activities including some world class boating, snorkeling, scuba diving, and fishing. There are many marinas lining the coast that offer boat cruises, fishing trips, whale watching and charter services.

• Orange County’s top employer, Disneyland has a larger cumulative attendance than any other theme park in the world, with over 650 million guests since it opened. Annually the park hosts approximately 16.2 million guests, making it the third most visited park in the world.

BURBANK

GLENDALE PASADENAAZUSA

COVINA

WEST COVINAEL MONTE

CITY OFINDUSTRY

BREA

FULLERTON

ANAHEIM

GARDEN GROVE

SANTA ANA

HUNTINGTONBEACH

LONG BEACH

TERMINALISLAND

RANCHOPALOS VERDES

TORRANCE

MANHATTANBEACH

EL SEGUNDO

LAKEWOOD

COMPTON

DOWNEYINGLEWOOD

EAST LOSANGELES

LOS ANGELES

BEVERLY HILLS

405

10

5

10

605

105

405

405

605

110

5

110

210

SANTA MONICA

19431 BEACH BOULEVARD

• South Coast Plaza—The largest mall on the West Coast and a chic, luxury shopping experience

• Fashion Island—An upscale, open-air lifestyle center in Newport Beach

• Buena Park’s E-Zone

• Bella Terra—Outdoor mall in Huntington Beach with eclectic shops and restaurants

• Irvine Spectrum—A shopping, dining and entertainment destination in Irvine

• The Market Place—Premier shopping mall in the dynamic city of Tustin

• The District at Tustin Legacy—1 million-square-foot lifestyle center with movie theater

• Main Street Seal Beach – A strip of restaurants and retail shops along the entire block of Main Street

• Huntington Beach Pacific City – an outdoor mall that has unique retail shops and restaurants

TOP RETAIL ATTRACTIONS

405

Heil AveHeil Ave

Warner Ave

SlaterAve

Talbert Ave

Yorktown Ave

Garfield AveNew

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Adams Ave

Indianapolis Ave

Mag

nolia

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Mag

nolia

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Bus

hard

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Ellis Ave

Adams Ave

Main St

Talbert Ave

Seapoint St

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SlaterAve

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HUNTINGTONBEACH

Bolsa ChicaBasin State

Marine

HuntingtonCantral Park

1

• Newport Beach & Harbor

• Huntington Beach Pier

• Segerstrom Center for the Arts, formerly Orange County’s Performing Arts Center

• Honda Center

• Angel Stadium of Anaheim

• Laguna Art Museum – Laguna Beach

• Disneyland Park & Disney’s California Adventure Park – Anaheim

• Knott’s Berry Farm – Buena Park

• Knott’s Soak City

• Anaheim Packing District

• City National Grove of Anaheim

TOP TOURIST ATTRACTIONS

BEACH BOULEVARD

BEACH BOULEVARD

YORKTOWNYORKTOWN

DEMOGRAPHICS

Population 1 Mile 3 Miles 5 Miles

2019 Population - Current Year Estimate 31,367 167,398 378,621

2024 Population - Five Year Projection 32,202 171,045 389,519

2010 Population - Census 29,782 160,909 357,962

2000 Population - Census 28,838 160,734 356,674

2010-2019 Annual Population Growth Rate 0.56% 0.43% 0.61%

2019-2024 Annual Population Growth Rate 0.53% 0.43% 0.57%

Households

2019 Households - Current Year Estimate 12,850 62,735 134,181

2024 Households - Five Year Projection 13,104 63,758 137,303

2010 Households - Census 12,401 61,112 128,735

2000 Households - Census 11,616 60,270 128,163

2010-2019 Annual Household Growth Rate 0.39% 0.28% 0.45%

2019-2024 Annual Household Growth Rate 0.39% 0.32% 0.46%

2019 Average Household Size 2.41 2.65 2.79

HUNTINGTON BEACH DEMOGRAPHICS

Household Income 1 Mile 3 Miles 5 Miles

2017 Average Household Income $103,236 $121,935 $109,916

2022 Average Household Income $117,335 $136,458 $123,876

2017 Median Household Income $76,139 $89,211 $80,671

2022 Median Household Income $85,106 $99,389 $89,542

2017 Per Capita Income $42,720 $45,951 $39,497

2022 Per Capita Income $48,148 $51,100 $44,216

Housing Units

2017 Housing Units 13,346 65,855 140,295

2017 Vacant Housing Units 434 3.3% 2,612 4.0% 6,020 4.3%

2017 Occupied Housing Units 12,913 96.8% 63,243 96.0% 134,275 95.7%

2017 Owner Occupied Housing Units 6,363 47.7% 39,453 59.9% 75,256 53.6%

2017 Renter Occupied Housing Units 6,550 49.1% 23,790 36.1% 59,019 42.1%

Education

2019 Population 25 and Over 23,575 123,481 274,049

HS and Associates Degrees 5,655 29,042 65,582

Bachelor`s Degree or Higher 9,771 55,571 111,914

Place of Work

2019 Businesses 1,392 7,412 20,195

2019 Employees 10,368 56,089 173,542

HUNTINGTON BEACH DEMOGRAPHICS, CONTINUED

FOR MORE INFORMATION, PLEASE CONTACT:

© 2019 CBRE, Inc. The information containing in this document has been obtained for sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, 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. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. 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.

3501 Jamboree Road, Suite 100 Westminster, CA 92660 CBRE, INC Broker Lic. 00409987

NATHAN HOLTHOUSERSenior Vice President Lic. 01838616 +1 949 229 2273 nathan.holthouser@cbre.com

TRAM CHURCH Senior Associate Lic. 01478857 +1 949 791 9089 tram.church@cbre.com

JAMES LEHIGHAssociate Lic. 01850077 +1 858 367 0385 james.lehigh@cbre.com

REBECCA CANALEZClient Services Team Lead Lic. 01384744 +1 949 809 3661 rebecca.canalez@cbre.com

ASHLEY RUSSELLMarketing Coordinator Lic.02085104 +1 949 809 3625 ashley.russell@cbre.com