41539 Kalmia ST Murrieta, CA 92562

Property Highlights; Competitive Offering Market Actual CAP Rate of 6.84 %, Huge Upside in Potential Income With a ProForma CAP Rate of 7.48 % , Significant NOI Growth - Through Lease-up of Vac. Space of (7%) / Leveling-off Current Rents, • Six Tenants Recently Renewed for Three (3) years @ $1.75/Sq. Ft.. The Majority of the Tenants Have Demonstrated Further Commitment to the Location With Lease Extensions Through 2021 & 2022. Tenant lease rates were substantially reset from their peak levels (exceeding $3.00 PSF/month NNN), creating an opportunity to benefit from the next cycle of rental growth. Property wide rents average just $1.55 PSF/month, Existing rents will be easily replaced or improved as leases roll. Multi-tenant strip center with NNN leases provide for minimal management obligation. High-quality 2006 construction retail center limiting near-term capital improvements. Kalmia Plaza provides 132 parking stalls which equates to 4.14:1,000 parking ratio. Seasoned Tenancy – Seven (7) tenants totaling 14,024 SF (47% of the current occupancy) have occupied the property for four (4) years or more.

The Kalmia Plaza is located off the California Oaks Rd./Kalmia St. exit is one of the dominant retail pockets in the trade area with tenants including Target, Lowe's, Kohl's, Bed Bath & Beyond, Babies “R” Us, Petco, Guitar Center, LA Fitness, Auto Zone, O' Reilly Auto Parts, Starbuck's, Jack in the Box, Taco Bell, Carl's Jr. and many others.