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McFadden Center | Santa Ana

CAPITALMARKETSGROUP

EXECUTIVE SUMMARY

The Capital Markets Group of Lee & Associates-Irvine is pleased to present the opportunity to acquire The McFadden Center (“Property”), a Class A, mul -tenant industrial/flex & retail park ideally located in Santa Ana, one of Orange County’s most sought-a er submarkets. The Property sits on an expansive 13.44 acres, with major street frontage on McFadden Avenue & Lyon Street. McFadden Avenue experiences over 45,000 motorists per day and Lyon Street experiences over 24,000 motorists per day. The Property consists of eight industrial / flex buildings, one in-line retail building and two retail pads which total approximately 184,737 square feet. McFadden Center is strategically located near freeways, ameni es and residen al communi es, and serves as home to a diverse and dis nguished roster of tenants and represents one of Orange County’s rarest investment opportuni es.

184,737 98% ±2.45M 11 1986 13.44 AC NO. OF

BUILDINGSNET RENTABLE

AREAOCCUPANCY YEAR BUILT SITE AREAYEAR 1 NOI

07/17 06/18

• Excep onal leasing history

• High quality, mul -tenant industrial/flex & retail spaces

• Excellent freeway access

• Walking distance to ameni es and public transit

• Orange County’s most centralized submarket

• Irreplaceable real estate significantly below replacement cost es mate

• Desirable submarket with strong demand and significant barriers to entry

INVESTMENT HIGHLIGHTS

BEST IN CLASS MULTI TENANT INDUSTRIAL INVESTMENT OPPORTUNITY WITH PREDICTABLE CASH FLOW:Mcfadden Center offers the investor a dependable and diversified cash flow with approximately 60 tenants / 103 total units and current occupancy at 98%. The property has staggered lease expira ons and limited rollover costs with historical occupancy in the 95% range.

SEPARATE FAST FOOD PADS AND RETAIL PARCEL ALLOWING FOR VALUE ADD REPOSITIONING AND RESALE:The drive through pads and in-line retail building are on three (3) parcels allowing an investor to poten ally sell off the smaller parcels and hold the business park property for the long term. In addi on to the value of buying in bulk and selling in pieces, an investor could reposi on the in-line building to provide a higher image, new tenant mix and higher overall NOI.

SIGNIFICANT NEAR TERM NOI GROWTH WITH APPROXIMATELY 1/3 OF THE TENANTS BELOW MARKET:The business park and retail center rents for approximately 1/3 of the rent roll are well below market and will increase over the coming years as they roll to market. Many McFadden Center leases are 1-3 years in length allowing the investor to quickly capture the increasing market rent.

STRONG HISTORICAL OCCUPANCY WITH MANY TENANTS COMMITTED FOR THE LONG TERM:McFadden Center has historical occupancy of approx. 95% and currently is 98% occupied. It has been the home for some tenants since 1995 and many for the last 10-15 years. The exis ng tenants are commi ed to the project with its ample parking, retail ameni es on site and convenient central loca on.

UNENCUMBERED ASSET:McFadden Center is being offered free and clear of any exis ng debt allowing the investor to take advantage of the aggressive debt market and low interest rates to enhance exis ng returns.

CENTRAL LOCATION SERVED BY MAJOR FREEWAYS:The property enjoys easy access from several major freeways including the I-5 Freeway, 55 Freeway, 405 Freeway and is 15 minutes away from John Wayne airport and the Santa Ana Amtrak sta on.

MCFADDEN CENTER - SANTA ANA, CA

PROPERTY HIGHLIGHTS

Address: 1261 S. Lyon, 1277 S. Lyon, 1669 E. Wilshire, 1715 E. Wilshire, 1735 E. Wilshire, 1815 E. Wilshire, 1790 E. McFadden, 1780 E. McFadden, 1714 E. McFadden, 1700 E. McFadden & 1766 E. McFadden

Total Square Feet: Approximately 184,737 SF

Building Descrip on: Eight (8) industrial / flex buildings, one (1) In-line retail building and (2) two retail pad buildings.

Loading: Eight Nine (89) grade level loading doors

Occupancy: 98%

Land Area: 13.44 AC (584,446 SF)

Assessor’s Parcel Numbers: (Four separate parcels) 402-071-05, 402-071-07, 402-071-03 & 402-071-06

Stories: Industrial / flex buildings, in-line retail building and the retail pad buildings are all single story.

Zoning: M1

Year Completed: 1986

Number of Units: One hundred and three (103)

Parking: 547 Total Stalls - 2.3:1 (±337 Stalls For Industrial) and 5.7:1 (±210 Stalls For Retail)

Clear Height: 13‘ - 18’

Water & Sewerage Service: Water and sewer are provided by the City of Santa Ana

Electrical Service: Electricity and gas are provided by Southern California Edison

Signage: Building top and suite entry signage

PARCEL MAP

Individually parceled in-line retail building and fast food buildings.

Parcel # Total BldgSF1. Flex/Industrial 402-071-05 147,861

2. In-Line Retail 402-071-07 31,576

3. Burger King 402-071-03 3,300

4. Wienerschnitzel 402-071-06 2,000

TOTAL 184,737

MCFADDEN CENTER - SANTA ANA, CA

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2

3 4

Total Land

9.58 acres

2.95 acres

0.46 acres

0.46 acres

13.44 acres

SITE PLAN

6

5

4

78

11

109

WILSHIRE AVENUE

McFADDEN AVENUE

RITC

HEY

STR

EET

LYO

N S

TREE

T

506504503

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A/B C D/E

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1714 E. McFADDEN

1277 S. LYON 1715 E. WILSHIRE 1735 E. WILSHIRE 1815 E. WILSHIRE

1790

E. M

cFAD

DEN

1780 E. McFADDEN1261 S. LYON O P Q R S/T V

609 701 724

801

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101102103104105106107

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723722721720719718717

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702703704705706707708709

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601505

1669 E Wilshire

neddaFcM E 6671neddaFcM E 0071

Retail & Resturants

MCFADDEN CENTER - SANTA ANA, CA

PROPERTY AERIAL

MCFADDEN CENTER±184,737 SF BUSINESS PARK

PROPERTY LOCATION

MCFADDEN CENTER±184,737 SF BUSINESS PARK

MCFADDEN CENTER - SANTA ANA, CA

PORT OF LONG BEACH

LONG BEACH AIRPORT

SOUTH COAST PLAZA

NEWPORT HARBOR

CHAPMAN UNIVERSITY

TUSTIN LEGACY

JOHN WAYNE AIRPORT

TUSTIN MARKET PLACEANGEL STADIUM

CAPITALMARKETSGROUP

INVESTMENT ADVISORS

9838 RESEARCH DRIVE, IRVINE CA 92618 | P: 949.727.1200 | F: 949.727.1200

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. Numbers are subject to change - each investor should perform its own due diligence.