BEST-IN-CLASS CREATIVE OFFICE OWNER-USER OPPORTUNITY IN ORANGE COUNTY’S BUSINESS CORE * Existing tenancy provides attractive cash flow and new ownership with flexibility today and as its space needs fluctuate over time. New ownership has multiple options: 1) Occupy a portion or all of the 2nd floor; 2) Occupy a portion or all of the 1st floor by exercising its option to relocate the current tenant to the 2nd floor; or 3) Occupy the entire building by exercising its option to terminate the current tenant's lease altogether. * Unique opportunity to acquire a best-in-market creative office asset in one of the safest real estate markets in the county. The two-story asset, located along SR-73 Freeway, offers unbelievable curb appeal and building signage, long-term investment security and flexibility, abundant surrounding amenities and a marquee Newport Beach address. * For an owner-user, this offering would be an ideal corporate headquarter investment that provides an attractive lease-saving trade-off. The purchase provides this owner-user investor protection against future rental market uncertainty and rate hikes, as well as after-tax equity accumulation. * Fully-re-imagined and re-developed in 2017, the asset reflects pride of ownership and provides a discerning new owner with a turnkey asset that would require minimal future capital expenses. In addition to ultra high-quality finishes, the remodeled asset offers an indoor gym with basketball court, lockers and showers, roll-up doors and extensive outdoor gathering spaces for meeting and dinning. Ownership spared no expense in executing a luxurious creative-office vision that is unmatched in the sub-market. EXCEPTIONAL MARKET FUNDAMENTALS * Orange County is the top investment market in the Americas in 2021 among investors, reflecting the county’s strong absorption, low vacancy and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market. * The asset belongs to the Greater Airport Area (GAA) submarket, home to Orange County’s best tenants. As Orange County’s business core, the GAA enjoys a significant rent premium over the rest of Orange County due to its popularity as a business and technology hub. The submarket is an anchor for the “Technology Coast,” a sector ranked 15th in the nation for its density of high-skilled technology talent pool. * With a marquee name, Newport Beach has many of the best corporate tenants from diverse industries. It is among the best performing, and most desirable, office micro-markets in the country. * The asset is at the center of a dynamic and increasingly urbanized business core, with frontage along a prominent thoroughfare that links to the surrounding pipeline with thousands of new homes and approximately 1 MSF of upscale retail amenities. Newport Beach is well-known as one of the nation’s most desirable places to live, work and play.