RUSS JABARAAssociate Vice President (760) 930-7923russ.jabara@colliers.comCA License No: 013115296

DAVE PINNEGARSenior Vice President (760) 930-7942dave.pinnegar@colliers.comCA License No: 00856143

COLLIERS INTERNATIONAL5901 Priestly Drive, Suite 100

Carlsbad, CA 92008(760) 438-8950

VISTA TECH CENTERFLASH REPORT I OCTOBER 2013

PREPARED FOR

PROPERTY SUMMARY

Address 1483-1499 Poinsettia Ave, Vista, CA 92083

Product Type

Industrial / R&D

Size 228,688 SF

# of units 63

Availability 66,262 SF

Parking 3.0/1,000

Loading Grade level (Dock 1491 building only)

Year Built 2000

Construction

Concrete Tilt-up

Condition Excellent

Zoning LI (Light Industrial)

Sprinklers Yes

Clear Height

16’-18’ (26’ in 1491 building)

Power 200 amp 120v(industrial units)

Project Occupancy

71%

CURRENT ASKING RATE

Asking Rate $0.79-$0.85 MG

CAMs/NNNs $0.14/$0.28

RECOMMENDED IMPROVEMENTS

1491 Poinsettia will need to potentially be repositioned

LEASE COMPARABLES

Address Size SFOffice

SF

Date Rate Term

2826 La MiradaVista

4,060 3/1/2013 $0.70MG

36 Months

2588 Progress StVista

2,966 11/1/13 $0.73 Gross

60 Months

1120 Sycamore Vista

2,804 8/1/13 $0.73Gross

60 Months

PROPERTY DESCRIPTIONVista Technology Center is a nine building, 228,688 SF multi-tenant business park located in a highly desirable area within Vista Business Park. Eight of the buildings are made up of units ranging from 1,450 SF up to 5,250 SF with an average of 20-25% office space. The 9th building is a larger 75,770 SF building at the rear of the property designed for one to two tenants.STRENGTHS CHALLENGES

■ High image industrial park■ Excellent location■ Well diversified size ranges■ Good parking ratio

■ High NNNs■ Large special use building at

back of park (1491)

COMPETING PROPERTIES FOR LEASE

Address Owner Avg Unit Size

Occ % Asking Rate(PSF)

Operating Exp/ Taxes (PSF)

Rancho Vista1240 Activity DrVista

Square One Development

1,200-5,000

SF

87.5% $0.69-$0.80 MG

$0.125

Cam

Vista Oaks2870 Scott StVista

H.G. Fenton 1,750-5,368

SF

78% $0.80-$0.85 MG

$0.10

Cam

Oak Ridge2790 Business Park DrVista

SR

Commercial

21,208-48,208

SF

0% $0.99 NNN $0.18

Nets

RUSS JABARAAssociate Vice President (760) 930-7923russ.jabara@colliers.comCA License No: 013115296

DAVE PINNEGARSenior Vice President (760) 930-7942dave.pinnegar@colliers.comCA License No: 00856143

COLLIERS INTERNATIONAL5901 Priestly Drive, Suite 100

Carlsbad, CA 92008(760) 438-8950

VISTA TECH CENTERFLASH REPORT I OCTOBER 2013

PREPARED FOR

SITE PLAN