SOUTHERN AVENUE OFFICE PLAZA 1818 EAST SOUTHERN AVENUE MESA, AZ

JAVIER DEL CARPIO O: 480.676.5955 C: 480.442.1031javier@orionprop.com

All materials and information received or derived from ORION Investment Real Estate its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither ORION Investment Real Estate its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. ORION Investment Real Estate will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. ORION Investment Real Estate makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. ORION Investment Real Estate does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by ORION Investment Real Estate in compliance with all applicable fair housing and equal opportunity laws.

ORION Investment Real Estate7328 East Stetson Drive | Scottsdale, AZwww.orionprop.com

D ISCLA IMER

Located in the heart of Mesa, just west of Gilbert Road along Southern Avenue, on the north side of the street. Building 4 is easily visible upon entering the complex.

Property includes spacious offices, lobby and conference room with in-suite rest room, kitchen, storage and lobby/reception/work space.

Southern Office Complex has undergone some major capital improvements, which include a parking lot paving and resurfacing.

» 90% Leased with Long Term Tenants » Renovated in 2017 » Southern Avenue Monument Available » Well-Maintained Property with a Beautiful Exterior

Courtyard » Close Proximity to US-60 » For Investor or Owner User looking for Cash flow » Central Mesa Location Convenient to Employee Support

Services Including Retail, Restaurants, Fuel, etc.

HIGHLIGHTS

SALE PRICE $1,200,000

PRICE/SF $156.13

BUILDING SIZE 7,686 SF

OCCUPANCY 90%

PARCEL SIZE 1.06 Acres

YEAR BUILT | RENOVATED 1986 | 2017

ZONING O-S, Mesa

PARKING 4.22/1,000 (45 Spaces)

CROSS STREETS Southern Ave & Gilbert Rd

TRAFFIC COUNT +/- 56,860 VPD (Intersection)

PROPERTY SUMMARY

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OVERVIEW

4

LOCATION MAPS

PARCEL MAPPARCEL MAP

6

139-06-289

PARCEL #:TAXES (2017):

139-06-289$12,187.72

SOUTHERN AVENUE

OR

AC

LE

STAR MINI STORAGE

AERIAL MAP

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• 3rd Largest City in Arizona after Phoenix and Tucson

• Two major airports and employment bases: Falcon Field and Phoenix Mesa Gateway Airport

• Access to three major freeways: Loop 101, Loop 202 (Red Mountain Freeway and the Santan Freeway, and State Rte. 60 (Superstition Freeway)

• Adjacent to other vibrant SE Valley communities: Tempe, Chandler, Gilbert and Queen Creek

• Home to 13 colleges including: ASU Polytechnic Campus, Mesa Community College (40,000+ Students Annually), East Valley Institute of Technology, A.T. Still University, Benedictine University and DeVry University

• In recent months, over 1,824,000 square feet of new employers are joining companies like McDonnell Douglas and Apple. In fact, Boeing will be shifting hundreds of jobs from Washington to Mesa in the next 2 years

• Mesa Downtown Core now has light rail and is redeveloping into a vibrant mixed-use corridor including the award-winning and popular Mesa Arts Center

• Master-planned community (by DMB), Eastmark, was named one of the Top 6 new communities in the country. Eastmark is located in far eastern Mesa close to the new Tech Corridor on Elliot Road. It leads the southeast valley of Maricopa County with new homes sales along with nearby Queen Creek

• Named Best Big City in the Southwest (Money Magazine 2016)

MESA HIGHLIGHTS

MESA, AZ

FINANCIAL ANALYSIS

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May 18 12 MONTHS

Ordinary Income/Expense May-18 12 Months

Income

Rental Income 8,594.92 103,139.04

Total Income 8,594.92 103,139.04

Expense

CAM Fees 922.00 11,064.00

Insurance Expense 193.92 2,327.00

Interest Expense 2,112.25 25,347.00

Management Fees 257.85 3,094.17

Property Taxes 1,015.64 12,187.72

Total Repairs and Service 157.06 1,884.67

Utilities 57.89 694.67

Total Expense 4,716.60 56,599.22

Net Ordinary Income 3,878.32 46,539.82

Net Income 3,878.32 46,539.82

NOI 71,886.82

Unit Tenant Size (SF) Rent Lease From Lease ToSuite 15C/19B Starwest Mortgage 1,681 2,317.25$ 2/1/2013 1/31/2023Suite 18A Optogy Technology Services 1,281 1,499.85$ 4/1/2018 4/1/2021Suite 18B Salome23 LLC 1,281 1,579.91$ 5/1/2018 4/30/2020Suite 19A Vacant 881 - - -Suite 20A Desert Wind Prop Mgmt 1,520 1,678.33$ 7/1/2017 6/30/2024Suite 20B ARA Pension & Welfare Plan 1,042 1,519.58$ 7/1/2012 6/30/2019TOTALS 7,686 8,594.92$

Notes:1. All rents are inclusive of CAMs but exclude rental taxes.2. Suite 18A vacancy filled 4/1/18, 3 yr lease3. Suite 18B vacancy filled 5/1/18, 2 yr lease4. Suite 20A vacancy filled 7/1/17, 7 yr lease5. Suite 15C/19B expanded space and added 4 yr to lease (5 yr total)

DEMOGRAPHICS

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AVERAGE HOUSEHOLD

INCOME$69,364*5 Mile Radius

AGE29.3*1 Mile Radius

DAYTIME POPULATION

543,514*5 Mile Radius

MEDIAN

DEMOGRAPH IC H IGHL IGHTS

2017 SUMMARY ONE MILE THREE MILE FIVE MILE

DAYTIME POPULATION 26,628 228,062 543,514

POPULATION 22,442 158,750 404,374

AVG HOUSE SIZE 3.14 2.88 2.73

AVG INCOME $56,782 $62,674 $69,364

MEDIAN AGE 29.3 32.1 34.2

EXCLUSIVELY LISTED BYJAVIER DEL CARPIO O: 480.676.5955 C: 480.442.1031javier@orionprop.com