* Trophy Retail Investment Opportunity – With its Downtown Santa Monica location on Third Street Promenade and the building’s extremely high-image interior and exterior architecture and improvements, this is legitimately “trophy” real estate and arguably one of the best buildings on Third Street Promenade * In-Place Publicly Traded Corporate Tenancy – Oakley has operated an extremely high-image flagship store at the property for over 11 years (since 2014) * Founded in 1975, Oakley is an American brand specializing in sports performance products including eyewear, apparel, and accessories, known for innovation and DIY mentality * In 2007, Oakley was sold for approximately $2.1 billion to EssilorLuxottica, a global leader in the eyewear industry and publicly traded on Euronext Paris under the stock ticker symbol EL. For Q3 2025, there was a year-over-year revenue increase of 11.7% with North America up 12.1% compared to Q3 2024 * High-Image “Flagship” Building – The property has proven to be viable for Oakley for over 11 years – with extremely high-quality design and architecture inside and out, significant and open clear height, and Third Street Promenade location, the quality of the property speaks for itself appealing to many high-quality tenants and uses * Significantly Below Market Rent – Current rent at the property is estimated to be approximately 91% below market levels, presenting an investor with the potential to re-tenant the property at significantly higher rent * Dense, Affluent Coastal Demographics – * More than 32,500 residents with AHI exceeding $166,500 within a 1-mile radius. * More than 152,600 residents with AHI exceeding $196,900 within a 3-mile radius. * More than 383,400 residents with AHI exceeding $191,900 within a 5-mile radius.