STABLE MIXED USE INDUSTRIAL R&D PARK IN CENTRAL SAN DIEGO'S FORTUNE 500 LOCATION * Strong In-Place Performance with Value-Add Potential: The property is a 117,488 square foot industrial asset in San Diego, currently operating at a high occupancy of 100%. The in-place income totals $2.53 million, and provides new ownership with strong durable cash flow from credit tenants in San Diego’s most densely concentrated credit location. * Stable “Sticky” Rent Roll with Longstanding Tenants: The majority of tenants have been at the project well over 10 years (some tenants since 1995) and continue to renew and expand evident by the recent early renewal and expansion with Full Swing Golf. * Diverse Tenant Base with Manageable Lease Rollover: The multi-tenant nature of the property is evident from the rent roll, which covers diverse industries. The weighted-average lease term remaining is 4.28 years, providing a balanced rollover schedule that allows for staggered re-leasing and the ability to capture market rent growth without excessive short-term exposure. * The neighboring smaller parcel sold in April 2022 for $204/psf or $48,000,000 which is 100% higher per land foot than the subject’s asking price. EXCEPTIONALLY STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE * San Diego County’s industrial vacancy rate in 2025 was 6.5%, and four of the area’s five submarkets were tighter, including Central San Diego. Vacancies were just 5.5% in Central San Diego, and leasing activity in 2025 totaled 3.6 million sq. ft., the highest sum since 2021. Multi-tenant industrial business park vacancy countywide was 6.3%, tighter than the overall market. * The submarket of Sorrento Valley, with an industrial base of nearly 2 million sq. ft., has even stronger fundamentals, with an overall low-finish industrial vacancy rate of 4.3% and five-year average of 3.8%. Light industrial/manufacturing and warehouse space has been even harder to come by, with vacancies averaging only 2.5% over the past five years. STRATEGIC, HIGHLY ACCESSIBLE, AMENITY RICH LOCATION * Unmatched ingress/egress given the close proximity to the 805 and 5 freeway. Other adjacent industrial submarkets do not offer this lack of traffic. SEPARATELY PARCELED BUILDINGS PROVIDES ADDITIONAL FLEXIBILITY * The 2-parcel project offers an owner the ability to sell off a portion of the project, lower their basis and increase overall returns.