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Chula Vista Bayfront

4.95 Miles to Pacific Ocean

Dominant RetailShopping Center

Location

H877 EAST H STREET

ADJACENT TO WALMARTNew Lease - Trophy Asset

H877 EAST H STREET

TABLE OF CONTENTS

H877 EAST H STREET

Executive Summary

Investment Summary 4

Site Plan 8

Tenant Overviews

PetSmart 9

Location Overviews

Eastlake Overview 11

San Diego Overview 14

Chula Vista Overview 19

Competitive Set 21

Sale Comps 24

INVESTMENT SUMMARYWe are pleased to offer to qualified investors a rare opportunity to acquire a fee simple (land and building) property leased to PetSmart (NASDAQ: PETM). The brand new property is located in an exceptional area of San Diego, California with a brand new 10-year lease and another 20-years worth of options including 10% increases every 5-years. The subject tenant, PetSmart, is the top American retail pet chain with a market cap of $8.25 billion. Headquarted in Phoenix, AZ, and with over 1,352 locations in the US, Canada, and Puerto Rico this retail chain specializes in the sale of pet supplies and services such as grooming and dog boarding facilities.

This San Diego, CA asset is superbly located just 4.95 miles from the Pacific Ocean in the affluent community of Eastlake. This asset is part of a larger shopping center anchored by Walmart (Walmart opening in June 2017), and is not subject to use restrictions other than grocery and typical obnoxious uses, and is adjacent to a top producing Costco and Home Depot (NAP part of the same shopping center). The site is situated on an elevated position off of East H Street and surrounded by 443,284 residents and 144,158 households in a 5-mile radius. The center is ideally located on the main arterial street of East H Street in close proximity to two major highways with easy access to Interstate 805 and Interstate 5. The surrounding trade area is home to numerous national retailers and home to a mix of middle to upper class single and multi-family homes.

PRICING

OPERATING EXPENSE DATA

LIST PRICE

NET OPERATING INCOME

ANNUAL RENT

TAXES

INSURANCE

CAM

NET OPERATING INCOME

$10,250,000

$434,650

$434,650

NNN

NNN

NNN

$434,650

BUILDING SIZE: 17,386 SF

LEASE COMMENCEMENT: Estimated December 2016

LEASE EXPIRATION: Estimated December 2026

GRAND OPENING: Estimated December 2016

INITIAL TERM: 10 Years

BASE RENT: $434,650 (Yrs 1-5)

INCREASES: $478,115 (Yrs 6-10) (10% Rental Bump)

CREDIT RATING: B+ S&P Rating

OPTIONS: 4 Options of 5 Yrs Each (10% Every 5 Yrs)

SALE PRICE: $10,250,000 (4.24% Cap)

INVESTMENT SUMMARY / 4 *May be purchased with adjacent Walmart

Traffic Count

48,000 ADTH Street

H877 EAST H STREET

877 EAST H STREET / 5 H

PROPERTY DETAILS

Address

877 East H Street | Chula Vista, CA 91910

Market/Submarket

Chula Vista

Price

$10,250,000

Total NOI

$434,650

Cap Rate

4.24%

Building Area

17,386 SF

Land Area

14.13 Acres

Access

High traffic counts in excess of 48,000 cars per day with

signalized driveway into the property. Dense in-fill location

made up of an affluent population.

Parcel Numbers

640-292-37

Year Built

1994

Parking

660 Parking Spaces

PARCEL MAP6

INVESTMENT SUMMARY / 6

Bonita VistaHigh SchoolBonita VistaHigh School

SouthwesternCollege

SouthwesternCollege

Sharp Chula VistaMedical Center

Sharp Chula VistaMedical Center

805

Terra NovaPlaza

Terra NovaPlaza

H877 EAST H STREET

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*Ground lease under negotiation. Call for details.

SITE PLAN6

SITE PLAN / 8

OPTIONS TO RENEW

Four (4 ) Consecut ive Per iods o f Five (5 ) Years

*Rent Sha l l Increase by Ten Percent (10%) fo r each renewal te rm thereaf ter.

Fi rs t Renewa l Te rm (Yea r 11 - 15 ) $525,926.50 pe r annum

Second Renewa l Te rm (Yea r 16 - 20 ) $578,606.08 pe r annum

Thi rd Renewa l Te rm (Yea r 21 - 25 ) $636,327.60 pe r annum

Fourth Renewa l Te rm (Yea r 26 - 30 ) $699,960.36 pe r annum


1987

We love pets and we believe pets make us better people. Petsmart will be the trusted partner to pet parents and pets in every moment of their lives.”

“

1987

ABOUT PETSMARTPetSmart, is an American retail chain operating in the United States,

Canada, and Puerto Rico engaged in the sale of specialty pet supplies

and services such as grooming and dog training, cat and dog boarding

facilities, and daycare. Petsmart also offers a varied selection of ani-

mals for sale and adoption.

PetSmart was founded in 1986 and opened its first two stores in Au-gust 1987 under the name PetFood Warehouse in the Phoenix area. In 1989, the name and logo changed from PetFood Warehouse to PetSmart. PetSmart continued to grow and in 1993 went public.

In 1994, PetSmart formed Petsmart Charities, Inc., a nonprofit or-ganization dedicated to ending euthanasia and finding homes for homeless pets. PetSmart.com made its debut in July 1995. In early 2000, Petsmart remodeled most of its stores in a plan they called “Eagle,” which changed many stores from a front-half storefront/back-half warehouse feel to an all-over standard retail market. In August 2005, the company announced that it was re-branding its name from PetSmart to PetSmart. This move, which stressed “Smart” over “Mart,” was designed to announce its evolution from a pet supply store to a solutions-oriented company.

As of October 2014, PetSmart operated approximately 1,352 stores and various locations with PetSmart’s PetsHotels, and Doggie Day Camps. Certain locations also share space with their corporate partner, Banfield Pet Hospital.

In December 2014, PetSmart was fully acquired by BC Partners for a price of $8.7 billion.

TENANT OVERVIEWS / 10

LOCATION Overview

H877 EAST H STREET

EASTLAKE OVERVIEWBetween 1979 -1981 the H.G. Fenton Company hired Cadillac Fairview Homes West of Newport Beach to plan, zone, and develop 3,200 acres of land just south of San Diego in the City of Chula Vista. Later, Cadillac Fairview Homes West transferred the project to employees Ron Lane and Dave Kuhn, who formed the Eastlake company and gathered a team to develop the land.

875 - 877 East H Street is located within the Rancho Del Rey Master Planned Commu-nity about one mile East from Interstate 805. H Street is the primary corridor and the gateway arterial connecting the upperclass Eastlake neighborhoods to coastal Chula Vista and the greater downtown San Diego neighborhoods. Rancho Del Rey is one of Chula Vista’s premier neighborhoods and is adjacent to Southwestern College and sur-rounding residential areas.

Eastlake has been voted San Diego’s best new home community in The San Diego Union Tribune reader’s poll every year since 1997.

Eastlake Quick Stats

$

Population3,299,521

Income$63,996

Households1 ,083,811

San Diego Quick Stats

S A N D I E G O O V E R V I E W

San Diego County, one of the most populous and diverse economic regions in the country. San Diego is home to a thriving, dynamic economy, fueled by high technology, defense & aerospace, biotechnology, tourism & entertainment, professional services and foreign trade and a host of other industries that have helped this region continue to grow and broaden its already deep economic base.

San Diego offers industry-leading companies, beautiful year round weather, unmatched quality of life, and access to one of the most skilled and highly educated work forces in the country. The region’s unique and unparalleled demographic and economic base make San Diego County a top-tier market positioned for continued long term economic growth.

Today, San Diego is a key regional hub for the Southwestern United States, with an estimated 2014 Gross Domestic Product (GDP) of $206 billion, a record high.

+ In 2010 San Diego was named an Innovation Hub (iHub) by the State of California due to the region’s thriving Innovation Economy. This cluster employs a workforce of more than 143,400. This includes 30,000 from 82 research institutions in the San Diego region. San Diego’s research institutions bring in roughly $5.3 billion a year.

+ San Diego is home to the largest concentration of defense assets in the world, hosting 60% of the U.S. Navy Pacific Fleet and 30% of United States Marine Corps operations. The U.S. military presence provides an economic

stabilizer for the regional economy with military related expenditures producing a total economic impact of more than $25.2 billion in 2014. The Space and Naval Warfare Systems Center (SPAWAR) is also located in San Diego along with industry leading defense companies such as Northrop Grumman, General Atomics, Lockheed Martin, & Booz-Allen Hamilton.

+ San Diego’s beautiful “Mediterranean-like climate” entices year-round business visitors and tourists from around the world. The San Diego Convention Center is projected to hold 111 events this year bringing a total economic impact of $1.4 billion to San Diego. Long considered one of the most desirable vacation destinations in the country, San Diego County draws over 33 million visitors annually to unique cultural and entertainment attractions, including the San Diego Zoo, Wild Animal Park, SeaWorld, Torrey Pines Golf Course, LegoLand, La Costa Resort & Spa and the Park Hyatt Aviara.

+ The Port of San Diego is a world-class port facility and natural harbor that is a conduit to virtually every key industry in the region. Total port-related activity currently comprises the single largest generator of economic activity for the region, accounting for one-sixth of the county’s total economic production.

+ San Diego’s agricultural industry provides a considerable contribution to the continued growth of the County’s economy as the fourth largest industry sector. The region will see further growth in the production of avocados, nursery products, and decorative plants.

82,943 Population

$95,513Income

24,057Households


SAN DIEGO OVERVIEW

San Diego County, one of the most populous and diverse economic regions in the country. San Diego is home to a thriving, dynamic economy, fueled by high tech-nology, defense & aerospace, biotechnology, tourism & entertainment, professional services and foreign trade and a host of other industries that have helped this region continue to grow and broaden its already deep economic base.

San Diego offers industry-leading companies, beautiful year round weather, un-matched quality of life, and access to one of the most skilled and highly educated work forces in the country. The region’s unique and unparalleled demographic and economic base make San Diego County a top-tier market positioned for continued long term economic growth.

Today, San Diego is a key regional hub for the Southwestern UnitedStates, with an estimated 2014 Gross Domestic Product (GDP) of $206billion, a record high.

+ I n 2010 San Diego was named an Innovation Hub (iHub) by the State of Califor-nia due to the region’s thriving Innovation Economy. This cluster employs a work-force of more than 143,400. This includes 30,000 from 82 research institutions in the San Diego region. San Diego’s research institutions bring in roughly $5.3 billion a year.

+ San Diego is home to the largest concentration of defense assets in the world, hosting 60% of the U.S. Navy Pacific Fleet and 30% of United States Marine Corps operations. The U.S. military presence provides an economic stabilizer for

the regional economy with military related expenditures producing a total eco-nomic impact of more than $25.2 billion in 2014. The Space and Naval Warfare Systems Center (SPAWAR) is also located in San Diego along with industry leading defense companies such as Northrop Grumman, General Atomics, Lockheed Mar-tin, & Booz-Allen Hamilton.

+ San Diego’s beautiful “Mediterranean-like climate” entices year-round businessvisitors and tourists from around the world. The San Diego Convention Center is projected to hold 111 events this year bringing a total economic impact of $1.4 billion to San Diego. Long considered one of the most desirable vacation desti-nations in the country, San Diego County draws over 33 million visitors annu-ally to unique cultural and entertainment attractions, including the San Diego Zoo, Wild Animal Park, SeaWorld, Torrey Pines Golf Course, LegoLand, La Costa Resort & Spa and the Park Hyatt Aviara.

+ The Port of San Diego is a world-class port facility and natural harbor that is a conduit to virtually every key industry in the region. Total port-related activity cur-rently comprises the single largest generator of economic activity for the region, accounting for one-sixth of the county’s total economic production.



$

Population3,299,521

Income$63,996

Households1 ,083,811


S A N D I E G O O V E R V I E W

San Diego County, one of the most populous and diverse economic regions in the country. San Diego is home to a thriving, dynamic economy, fueled by high technology, defense & aerospace, biotechnology, tourism & entertainment, professional services and foreign trade and a host of other industries that have helped this region continue to grow and broaden its already deep economic base.

San Diego offers industry-leading companies, beautiful year round weather, unmatched quality of life, and access to one of the most skilled and highly educated work forces in the country. The region’s unique and unparalleled demographic and economic base make San Diego County a top-tier market positioned for continued long term economic growth.

Today, San Diego is a key regional hub for the Southwestern United States, with an estimated 2014 Gross Domestic Product (GDP) of $206 billion, a record high.

+ In 2010 San Diego was named an Innovation Hub (iHub) by the State of California due to the region’s thriving Innovation Economy. This cluster employs a workforce of more than 143,400. This includes 30,000 from 82 research institutions in the San Diego region. San Diego’s research institutions bring in roughly $5.3 billion a year.

+ San Diego is home to the largest concentration of defense assets in the world, hosting 60% of the U.S. Navy Pacific Fleet and 30% of United States Marine Corps operations. The U.S. military presence provides an economic

stabilizer for the regional economy with military related expenditures producing a total economic impact of more than $25.2 billion in 2014. The Space and Naval Warfare Systems Center (SPAWAR) is also located in San Diego along with industry leading defense companies such as Northrop Grumman, General Atomics, Lockheed Martin, & Booz-Allen Hamilton.

+ San Diego’s beautiful “Mediterranean-like climate” entices year-round business visitors and tourists from around the world. The San Diego Convention Center is projected to hold 111 events this year bringing a total economic impact of $1.4 billion to San Diego. Long considered one of the most desirable vacation destinations in the country, San Diego County draws over 33 million visitors annually to unique cultural and entertainment attractions, including the San Diego Zoo, Wild Animal Park, SeaWorld, Torrey Pines Golf Course, LegoLand, La Costa Resort & Spa and the Park Hyatt Aviara.

+ The Port of San Diego is a world-class port facility and natural harbor that is a conduit to virtually every key industry in the region. Total port-related activity currently comprises the single largest generator of economic activity for the region, accounting for one-sixth of the county’s total economic production.


3,299,521Population

$63,996Income

1,083,811Households

SAN DIEGO OVERVIEW / 14

San Diego...Known as America’s finest city.

875 - 877 EAST H STREET / 24

San Diego...Known as America's finest city.


SAN DIEGO AMENIT IESTo live, work and play in San Diego is to experience geography as destiny. The re-gion’s diversity includes a wide range of options for lifestyle, career, education, and recreation.

The city’s geographic diversity allows people to choose a lifestyle – from urban high- distinct personalities and small town centers, even wide-open spaces with rural charm. All within easy reach of major employment and transportation centers.

San Diego’s diverse economy provides a wide range of career options, encompassing everything from sports, entertainment, and tourism, to highly technical and scientific positions in the region’s biotech and technology companies. These industries are both broad and deep, offering upward career growth and mobility. It’s a great place for two-career couples because of the diversity in employment sectors.

Education in San Diego is as innovative as many of its industries. In addition to the nationally recognized universities that educate and train San Diego’s leaders, there are opportunities for lifelong learning that keep San Diegans at the leading edge of technology and entrepreneurship.

Quality of life in San Diego is influenced by the year-round sunshine and temperate weather which encourages an active lifestyle with lots of outdoor activities. Outstand-ing healthcare organizations with state-of-the art clinical and research facilities keep San Diegans healthy. The quality of our healthcare attracts non-residents to San Diego for specialized treatments and world-class care.

San Diego’s many amenities are the source of its attraction for visitors but residents get to enjoy them every day, including the World Famous San Diego Zoo, Safari Park, SeaWorld, Legoland, and Balboa Park. Nature gave us miles of beaches, mild weath-er, and natural beauty, but our people have created a wide variety of cultural, arts, and entertainment choices for all ages and interests. You can enjoy concerts, theatre both inside and outside, art festivals, and art walks year-round. Dinner on the harbor or brunch on the beach will likely feature locally sourced ingredients from one of San Diego’s many small farms. The growing local craft beer industry iswinning awards and attracting attention from national media as well.

SAN DIEGO OVERVIEW / 16

66 MI

84 MI

Distance 110 MI

251 MI

453 MI

465 MI

Laguna BeachPalm Springs

Los Angeles Las Vegas San FranciscoSacramento

Number of Unhealthy Air Quality Days for Older Adults & Children Selected Counties of California, 2012

Riverside Sacramento San Diego Santa Clara Los Angeles Imperial Orange

135105

42

2322

8 3

How We Compare

San Diego

San Antonio

Atlanta

Miami

Riverside

$9.2BTOURISM

$34M

VISITORSANNUALLY

16.9MHOSPITALITY

STAYS

9.4MAIRLINE

PASSENGERS

$323MVEHICLE

TRANSPORATION

TOP 5 TOURISM EMPLOYMENT

1.30

1.26

1.16

1.12

1.13

Up two spots from last year, San Diego beat out startup hubs like Dallas & San Francisco.

Source: Inc’s RANKED #5Top 10 Cit ies for Fast

Growth CompaniesHow We CompareNumber of unhealthy air quality days for older adults & children. Selected countries of California, 2012

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˚70Average Daily Temperature

3,055SUNSHINE HOURS


SAN DIEGO BY THE NUMBERS

Because of San Diego’s proximity to Mexico, the region is becoming increasingly bi-cultural, and the city is one of the most ethnically and culturally diverse places in the nation. More than 1,000 languages are spoken by San Di-ego residents who have come from all parts of the world to live here.

The median age of San Diego’s population is 35.6, with over ¼ under the age of 20 and only 11% over 65.

SAN DIEGO OVERVIEW/ 18

C H U L A V I S TA O V E R V I E W

The City of Chula Vista is at the center of one of the richest economic and culturally diverse zones in the United States. The city encompasses over 50 square miles in south San Diego County and is located 7 miles south of downtown San Diego and 3 miles north of the International Border with Mexico. Chula Vista prides itself in a business atmosphere that encourages growth and development.

Housing & Population GrowthChula Vista is the second largest city in the San Diego metropolitan area, the seventh largest city in Southern California, the fourteenth largest city in the State of California and the 77th largest city in the United States. . Chula Vista is one of the most active markets for residential real estate development in San Diego County. Numerous apartment and single family residential developments have been completed in the last five years and several are in the planning states.

EducationThe Sweetwater Union High School District, headquartered in Chula Vista and their largest employer, serves as the primary secondary school district. The Chula Vista Elementary School District, the city’s second largest employer, is the largest K-6 district in the State of California with 44 campuses and serves publicly educated kindergarten through sixth grade students. Chula Vista is home to one of four private colleges in San Diego County and is host to Southwestern College; a community college founded in 1961, serves approximately 19,000 students annually.

RetailIn the City of Chula Vista, the small business sector amounts for the majority of Chula Vista’s retail business populous. The small business community is attributed to

the city’s growth and serves as a stable base for its economic engine. Due to its high residential density, Chula Vista’s retail market is thriving with neighborhood shopping centers. Larger retail chains expanding nationwide are in the Chula Vista market looking for available locations to add to their internal or franchise portfolio.

Economic FactorsMajor local employment includes trade, manufacturing, education, government, and finance. Chula Vista has experienced continued growth in local trade. Taxable sales have consistently increased over the past 10 years. A significant influence in the local area is the labor force and economic synergism created in Tijuana, Mexico. Bordering Otay Mesa to the south, at the International Border, Tijuana is a major industrial center where 450 Maquiladora plants employ approximately 70,000 people. Multinational Companies in Tijuana include Honeywell, Colgate Palmolive, Hughes Aircraft, Mattel, Sanyo, and Sony. The dynamics of utilizing both inexpensive labor costs in Mexico and drawing skilled labor from the U.S. creates a very efficient business platform. The finished products are shipped to Otay Mesa for processing which is very advantageous for growth and stability in the South Bay area including Chula Vista.

Tourism /EntertainmentTourism serves as an economic engine for Chula Vista. The city has numerous dining, shopping and cinema experiences. As with many California cities, Chula Vista features many golf courses. Some of the city’s notable attractions included the Chula Vista Nature Center, Otay Valley Regional Park, Cricket Wireless Amphitheater, Busch Gardens Water Park, OnStage Playhouse, the Chula Vista Marina and the U.S. Olympic Training Center.

875 - 877 EAST H STREET / 28

The City of Chula Vista is at the center of one of the richest economic and culturally diverse zones in the United States. The city encompasses over 50 square miles in south San Diego County and is located 7 miles south of downtown San Diego and 3 miles north of the International Border with Mexico. Chula Vista prides itself in a business atmosphere that encourages growth and development.

Housing & Population GrowthChula Vista is the second largest city in the San Diego metropolitan area, the sev-enth largest city in Southern California, the fourteenth largest city in the State of California and the 77th largest city in the United States. . Chula Vista is one of the most active markets for residential real estate development in San Diego County. Numerous apartment and single family residential developments have been com-pleted in the last five years and several are in the planning states.

EducationThe Sweetwater Union High School District, headquartered in Chula Vista and their largest employer, serves as the primary secondary school district. The Chula Vista Elementary School District, the city’s second largest employer, is the largest K-6 district in the State of California with 44 campuses and serves publicly educated kindergarten through sixth grade students. Chula Vista is home to one of four pri-vate colleges in San Diego County and is host to Southwestern College; a com-munity college founded in 1961, serves approximately 19,000 students annually.

RetailIn the City of Chula Vista, the small business sector amounts for the majority of Chula Vista’s retail business populous. The small business community is attributed

CHULA V ISTA OVERVIEW

to the city’s growth and serves as a stable base for its economic engine. Due to its high residential density, Chula Vista’s retail market is thriving with neighborhood shopping centers. Larger retail chains expanding nationwide are in the Chula Vista market looking for available locations to add to their internal or franchise portfolio.

Economic FactorsMajor local employment includes trade, manufacturing, education, government, and finance. Chula Vista has experienced continued growth in local trade. Taxable sales have consistently increased over the past 10 years. A significant influence in the local area is the labor force and economic synergism created in Tijuana, Mexi-co. Bordering Otay Mesa to the south, at the International Border, Tijuana is a ma-jor industrial center where 450 Maquiladora plants employ approximately 70,000 people. Multinational Companies in Tijuana include Honeywell, Colgate Palmolive, Hughes Aircraft, Mattel, Sanyo, and Sony. The dynamics of utilizing both inexpen-sive labor costs in Mexico and drawing skilled labor from the U.S. creates a very efficient business platform. The finished products are shipped to Otay Mesa for processing which is very advantageous for growth and stability in the South Bay area including Chula Vista.

Tourism /EntertainmentTourism serves as an economic engine for Chula Vista. The city has numerous din-ing, shopping and cinema experiences. As with many California cities, Chula Vista features many golf courses. Some of the city’s notable attractions included the Ch-ula Vista Nature Center, Otay Valley Regional Park, Cricket Wireless Amphitheater, Busch Gardens Water Park, OnStage Playhouse, the Chula Vista Marina and the U.S. Olympic Training Center.


LOCATION OVERVIEW / 20

E A S T L A K E C O M P E T I T I V E S E T

SUBJECT ANCHORS SIZE/SF SF VACANT OCCUPANCY ASKING RATES NNN’S

Eastlake Village Marketplace2225 Otay Lakes Rd.Chula Vista, CA 91915

Target, Lowe’s Office Depot 423,300 0 100% $3.50 $0.80

Eastlake Terraces1360 Eastlake Pkwy.Chula Vista, CA 91915

Super Wal-Mart, Home Depot, Walgreens, Panda Express,

Chick Fil-A393,000 1,540 99.6% $3.50 $0.55

Village Walk at Eastlake878 Eastlake Pkwy.Chula Vista, CA 91914

Trader Joe’s, Petco, Henry’s, Border’s, Pier One

156,000 4,154 97.3% $3.50 $0.80

Notes: Vacancy includes 1,502 SF 2nd floor office/retail space.

Eastlake Village Center2250 Otay Lakes Rd.Chula Vista, CA 91915

Vons, Rite Aid, McDonald’s 143,481 2,955 98.0% $3.50 $0.87

Notes: Additional 1,835 SF occupied but available.

Eastlake Village Center East2352 Otay Lakes Rd.Chula Vista, CA 91910

Kohl’s 106,977 2,811 97.4% $3.50 $0.87

Bonita Point Plaza700 - 780 Otay Lakes Rd.Chula Vista, CA 91910

Ralphs, Rite Aid, Carl’s Jr., Wells Fargo

106,445 8,577 91.9% $2.75 - $3.00 $0.80

The Marketplace at Windingwalk1745 Eastlake Pkwy.Chula Vista, CA 91910

Vons, In & Out Burger 104,000 0 100% $2.50 - $2.75 $0.75

The Shops at San Miguel Ranch2310 Proctor Valley Rd.Chula Vista, CA 91914

Albertsons, First Bank 103,000 8,700 91.2% $1.50 - $1.75 $0.86

College Marketplace913 - 945 Otay Lakes Rd.Chula Vista, CA 91913

(none) 55,768 1,120 76.3% $2.25 $0.35

TOTALS & AVERAGES 1,591,971 29,857 94.63% $2.99 $0.74

COMPETITIVE SET / 22

Location Overview / 31

Otay Lakes Road

RANCHO DEL REY

EASTLAKE

OTAY RANCH

BONITA

Recreate PMS

35,771 ADT

121,800 ADT

East

H S

tree

t

118,231 ADT

H877 EAST H STREET

E A S T L A K E S A L E C O M PA R A B L E S

N AT I O N A L WA L M A R T S A L E S C O M PA R A B L E S

N AT I O N A L P E T S M A R T S A L E S C O M PA R A B L E S

SUBJECT TYPE SF BUYER / SELLER DATE, PRICE, PRICE/SF BUILT

Westfield Plaza Bonita3000-3060 Plaza Bonita Rd.National City, CA 91950

Retail 442,411Canada Pension PlanInvestment Board / Westfield Corporation

03/29/2012$76,260,571

$383.061981

Westfield Plaza Bonita3050 Plaza Bonita Rd.National City, CA 91950


03/29/2012$62,221,149

$383.061981

SUBJECT PURCHASE PRICE TOTAL SF SALE DATE CAP RATE

6788 State Route 31Newark, NY 14513

$16,450,000 175,539 SF October 2015 3.65%


26761 Aliso Creek RoadAliso Viejo, CA 92656

$18,093,726 25,952 SF April 2016 4.73%

2568 West Commonwealth Ave.Alhambra, CA 91803

$9,675,625 39,530 SF May 2015 4.5%


E A S T L A K E S A L E C O M PA R A B L E S

N AT I O N A L WA L M A R T S A L E S C O M PA R A B L E S

N AT I O N A L P E T S M A R T S A L E S C O M PA R A B L E S

SUBJECT TYPE SF BUYER / SELLER DATE, PRICE, PRICE/SF BUILT

Westfield Plaza Bonita3000-3060 Plaza Bonita Rd.National City, CA 91950


03/29/2012$76,260,571

$383.061981

Westfield Plaza Bonita3050 Plaza Bonita Rd.National City, CA 91950


03/29/2012$62,221,149

$383.061981


6788 State Route 31Newark, NY 14513

$16,450,000 175,539 SF October 2015 3.65%


26761 Aliso Creek RoadAliso Viejo, CA 92656

$18,093,726 25,952 SF April 2016 4.73%

2568 West Commonwealth Ave.Alhambra, CA 91803

$9,675,625 39,530 SF May 2015 4.5%


SALE COMPS / 24

OurVISION

YOUR FUTURE877 EAST H STREET / 25 H

H877 EAST H STREET

MARKET EXPERTS

Kipp Gste t tenbauer, CC IMSen io r V i ce P res iden t858.458.3345k ipp@vo i t co.comL ic. #01405420

Ryan K ingV ice P res iden t858.458.3322rk ing@vo i t co.comL ic. #01885401

VO IT REAL ESTATE SERVICES

4747 Execu t i ve D r i ve, Su i t e 800, San D iego, CA 92121858.453.0505 | 858.408.3976 fax | L i c : #01333376

Licensed as Real Estate Brokers by the CA Bur of Real Estate. The information contained herein hasbeen obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.

H STREET / 26

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