67.1 GROSS ACRES FINAL MAP FULLY MITIGATED SOUTH COUNTY COMMERCE CENTER SAN DIEGO, CALIFORNIA POTENTIAL 950,000 SQUARE FOOT INDUSTRIAL DEVELOPMENT

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1 67.1 GROSS ACRES FINAL MAP FULLY MITIGATED SOUTH COUNTY COMMERCE CENTER SAN DIEGO, CALIFORNIA POTENTIAL 950,000 SQUARE FOOT DEVELOPMENT

2 UNIT 1 UNIT 4 UNIT 2 UNIT 3 OTAY MESA RD ENRICO FERMI DR PROPERTY OVERVIEW Cushman and Wakefield of California, Inc., as exclusive advisor, is pleased to present the exciting opportunity to acquire South County Commerce Center (the Site ), the largest, contiguous development site in all of San Diego County. Spanning over 67.1 gross acres, the Site offers the ability to develop approximately 950,000 square feet of Class A industrial product. Fully mitigated and primed for immediate development, the Site also offers a strategic location with easy access to Downtown San Diego, the Port of San Diego, U.S. Naval Shipyards, and key business markets, as well as direct access to an expanding freeway system via the adjacent on/off ramp for the recently extended SR-11. Additionally, the Site is optimally positioned in the thriving South County market, the center of industrial commerce, which boasts robust tenant demand, rising rental rates and limited competition due to tremendous barriers to entry. With a dynamic location and strong market fundamentals, South County Commerce Center represents a rare opportunity to develop a critical mass of state-of-the-art institutional-quality industrial space in the last remaining location for land expansion in San Diego County.

3 INVESTMENT HIGHLIGHTS RARE SAN DIEGO COUNTY DEVELOPMENT OPPORTUNITY The largest contiguous, industrially-zoned site available for immediate construction in the entire County Opportunity to develop a critical mass of industrial space with 950,000 SF of proposed development Flexible industrial development options include distribution, warehouse, and manufacturing space Final map of development rights comprises 4 units, 16 development parcels and drainage basins Fully mitigated and fully-balanced grading plan Sewer and utilities stubbed to the site UNPARALLELED ACCESS LOCAL, REGIONAL AND INTERNATIONAL Significant San Diego County investment in ongoing infrastructure improvements Direct freeway access from the Site via adjacent on/off ramp for the newly completed SR-11 extension Outstanding proximity to State Routes 905 & 125, as well as Interstates 5 & 805 Minutes from the US/Mexico border, Tijuana International Airport, and the new Cross Border Xpress Airport Terminal Approximately 20 minutes to Downtown San Diego, the Port of San Diego, key business markets, and U.S. Naval Shipyards with expanding military operations THRIVING SOUTH SAN DIEGO COUNTY MARKET More than 2 million square feet of positive net absorption over the past 5 years Single digit vacancy for more than 5 years, currently averaging 6.3% Tightening market conditions spurred 30% growth in average asking rents over the past 5 years Pent-up user demand pushing south from Central County submarkets due to near record low vacancy rates Tremendous barriers to entry due to scarcity of developable land, substantial mitigation costs, and lengthy approval processes Home to prominent corporations such as General Dynamics, Panasonic, FedEx, Honeywell and Costco

4 N PROPERTY DETAILS GROSS AREA 67.1 Acres POTENTIAL DEVELOPMENT SIZE 950,000 Square feet ENTITLEMENTS Final Map completed February 2016 UNIT 2 UNIT 1 OTAY MESA RD MITIGATION Fully mitigated - all environmental and traffic conditions met IMPROVEMENTS Contour graded ENRICO FERMI DR UNIT 3 UNIT 4 UTILITIES Water, sewer, & power stubbed to site (Will serve sewer letter from the City and County) ACCESS New freeway on/off ramp directly to site ZONING Technology Business Park (County of San Diego) FINAL MAP

5 CONCEPTUAL PLAN OTAY MESA ROAD BLDG 4a 30,600 SF CLR.HGT: 24' BLDG 4b 24,395 SF CLR.HGT: 24' 35' DETENTION BASIN 50' BLDG 1 183,600 SF CLR.HGT: 32' 5 200' 54' 3 36' 120' 36' INDUS. BLDG 2 180' 389' 70,020 SF CLR.HGT: 28' ROLL COMMERCE DR. MICHAEL FARADAY DR. DET. BLDG 3 152,640 SF 58' 52' 58' 122' 31' 35' CLR.HGT: 32' 636' 50' 62' ' 305' 85' 1 DET. 81' DET 31' ENRICO FERMI DRIVE 45' 50' BLDG 5 203,760 SF CLR.HGT: 32' 566' 52' 3 46' BLDG 6 121,500 SF CLR.HGT: 32' 35' 52' 35' 486' 120' 50' 250' 120' 52' INDUS. BLDG 7 195' 364' 70,980 SF CLR.HGT: 28' 50' 50' 35' 52' 1 315' 180' 346' 115' 100' 20' BLDG 8a 44,100 SF CLR.HGT: 28' BLDG 8b 40,255 SF CLR.HGT: 28'

6 CONCEPTUAL RENDERINGS

7 PROPERTY LOCATION PACIFIC OCEAN TO ORANGE COUNTY TO ARIZONA DRIVE TIMES SOUTH COUNTY COMMERCE CENTER 32ND ST NAVAL BASE 16.8 miles 16 minutes DOWNTOWN 18.5 miles 17 minutes SAN DIEGO AIRPORT 23.6 miles 22 minutes KEARNY MESA 24.7 miles 23 minutes LA JOLLA 31.6 miles 29 minutes U.S. / MEXICO BORDER

8 CORPORATE NEIGHBORS SOUTH COUNTY COMMERCE CENTER U.S. / MEXICO BORDER

9 CONTACT CAPITAL MARKETS JEFFREY CHIATE JEFFREY COLE BRYCE ABERG, SIOR ED HERNANDEZ DEBT BEN SCHWARTZ NATIONAL / LOCAL LEASING EXPERTS RYAN SPRADLING SAN DIEGO ryan.spradling@cushwake.com BRANT ABERG, SIOR SAN DIEGO brant.aberg@cushwake.com RICK ELLISON LA / ORANGE COUNTY rick.ellison@cushwake.com RAUL CARMONA MEXICO raul.carmona@cushwake.com ARCHITECT MATT BRADY WARE MALCOMB mbrady@waremalcomb.com