1441 & 1488 SCHILLING PLACE SALINAS, CA 93901

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1 PLAY PHOTO TOUR 1441 & 1488 SCHILLING PLACE SALINAS, CA INVESTMENT SUMMARY Capital Markets IG PCG

2 EXECUTIVE SUMMARY CBRE has been retained as the exclusive marketing advisor for 1441 Schilling Place and 1488 Schilling Place (the Property ), a two story office building, and a manufacturing/warehouse building and daycare facility located in Salinas, California. This institutional quality asset is available at a discount to replacement cost with available plug-n-play space that requires minimal tenant improvement allowances to lease. The Property is 100% NNN leased to Capital One with approximately six (6) years remaining on the lease. Capital One has vacated the property but maintains the premises. The Property was utilized by Capital One as general office, a 24/7 call center, executive offices, bill processing and credit card production and housed over 1,200 employees Schilling Place is a ±202,358 square foot Class A, LEED Gold Certified office building, situated on acres which includes two parcels of additional land for parking spaces Schilling Place is an 87,207 square foot manufacturing and warehouse facility. The building is situated on two parcels that total 4.4 acres and includes a 4,500 square foot modern daycare facility, in addition there is a 2.01 acre parcel of land used for parking spaces and a three acre parcel of raw land that fronts U.S. Highway 101. Combined the Property is 294,065 square feet situated on acres. The Property fronts Highway 101, the main north/south highway connecting Monterey County to the San Francisco Bay Area and Southern California Schilling Place Square Footage 202,358 SF Acreage Acres Number of Buildings 1 Parking 4.5/1,000 (904 spaces) Year Built 1982/1989 (Renovated 1994) Percentage Leased 100% 1488 Schilling Place Square Footage 91,707 SF Acreage 9.41 Acres Number of Buildings 2 Parking 3.5/1,000 (316 spaces) Year Built 1994/2004 Percentage Leased 100% 2

3 AERIAL VIEW SALINAS AIRPORT HWY. 101 EDEN ST. SCHILLING PL ABBOTT ST

4 PROPERTY OVERVIEW Institutional Quality Property: 1441 Schilling Place consists of a 202,358 square foot Class A, LEED Gold Certified, partial two story office building situated on a 9.77 acre parcel and includes an additional two parcels of parking totaling 4.05 acres. Built in 1982, with additions completed in 1989 and 1994, the building features executive offices and conferences rooms, a full service cafeteria, workout facilities, several training rooms, conference rooms and an all hands auditorium Schilling Place consists of a high quality, 87,207 square foot manufacturing and warehouse building. The building houses several production areas that are 100% conditioned with dropped ceilings. The building also contains warehouse areas with clear heights ranging from 24 feet to 35 feet and are 100% conditioned as well. The building is situated on two parcels totaling 4.4 acres with another 2.01 acre parcel dedicated to parking and a 3 acre parcel of raw land. Included on the site is a free standing, ±4,500 modern daycare facility. Plug and Play: The sale includes all of the furniture and fixtures in the property, providing the buyer the opportunity to lease the property out at the end of Capital One s lease in a plug and play condition Schilling place contains, cubes, conference room furniture and all of the kitchen equipment and fixtures. Campus-Like Setting: The Property features mature landscaping and ample parking, with over 1,200 parking spaces. 4

5 PROPERTY OVERVIEW The Opportunity Long-Term Lease to Quality Tenant The Property is 100% leased to Capital One through December of The property was a build-to-suit for HSBC, who merged with Capital One in A Fortune 500 company, Capital One is one of the nation s top 10 largest banks based on deposits. Net revenues for fiscal year 2012 were $18.78 billion, and the Company has a current market cap of $40.61 billion. Best-In-Class Property The Property offers the opportunity to acquire a best-in-class property in the Central Coast region. In addition the buildings allow the flexibility of targeting a single user or marketing the property to attract multiple tenants. Discount to Replacement Cost: The Property offers a uniquely compelling opportunity to acquire a high-quality office and manufacturing asset at a strong discount to the estimated $220 per square foot replacement cost. Current capital and market fundamentals prevent new construction in the region, with rental rates needing substantial improvement to reach cost feasibility levels. High Visibility and Outstanding Location in Monterey County: The Property has significant frontage along Highway 101 and allows ease of access to Silicon Valley which is approximately 60 miles to the north. Located across Highway 101 from the Property is the Salinas Airport, that has the capabilities to serve turbine-powered business jets. Salinas is the largest city in the Central Coast region with a population of more than 150,000 and has an abundance of skilled technical workers, as well as a large presence of talented professionals and C-level executives. This diverse workforce is all within a 30-minute commute of Salinas. 5

6 1441 & 1488 SCHILLING PLACE SALINAS, CA Investment Contacts Leasing Contact Financing Contact Scott J. Prosser Senior Vice President Lic Joseph P. Moriarty Executive Vice President Lic Jack DePuy Associate Lic Michael Schoeder Cassidy Turley Monterey Lic Brad Zampa Executive Vice President Lic CBRE, Inc. Broker Lic Capital Markets IG PCG 2013 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only a and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial andlegal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. 6