cCARE | Offering Memorandum

S U M M A R Y

HIGH-END TENANT IMPROVEMENT FINISHESWITH MISSION CRITICAL IMPROVEMENTS COMPLETED IN 2017 cCARE recently completed mission critical improvements to their space in 2017 which likely ensures their intent to renew in 2027 based on the significant capital they have invested in the property, and the difficulty for cCARE to relocate to another property. This significantly mitigates downside risk when cCARE’s lease matures. cCARE invested $100/SF on top of the original $115/SF Tenant Improvement Allowance provided by the Landlord (Total $215/SF).

OCCUPIED BY CCARE, WITH +/- 8.5 YEARS REMAININGON TERM & 3%ANNUAL INCREASES TO BASE RENT California Cancer Associates for Research and Excellence (cCARE) is the largest full-service, private oncology and hematology practice in California. This location provides patients with a team of board-certified oncologists, hematologists, nurses and other highly skilled cancer care professionals. Their compassionate approach, combined with their state-of-the- art facilities, comfortable environment and commitment to implementing the most advanced treatment techniques available that help make them California’s premier cancer center. cCARE’s lease has +/- 8.5 years remaining on the original 124 month lease term with attractive fixed 3% annual increases. Brand new high- quality construction and triple-net lease allow for a strong, dependable and predictable cash flow throughout the term. For a construction project such as Nordahl Medical Centre, the current base rent of $2.86/sf/mo NNN compares favorably to other newly constructed MOB’s with average starting rents of $2.95/sf/mo NNN.

PATIENT LOBBY

DEVELOPER OWNED/CONTROLLED SPACE WITHIN A CLASS “A” MEDICAL OFFICE BUILDING Located within Nordahl Medical Centre, a 57,333 square-foot Class “A” professional medical office building and notably considered North County San Diego’s finest medical project. The building is developed by Newport National Corporation, a full service, vertically integrated real estate company based in Carlsbad, California focused on development and management of commercial properties in dynamic growth areas. The property’s modern and elegant construction coupled with its extraordinarily high-end finishes and efficiency, will prove very effective in capturing an investors interest. Elegant common area finishes with timeless materials and a central common area building lobby with seating area, water feature, sculpture – all for patient/family relaxation. Views of Palomar Medical Center Escondido to the Southeast and natural hillside open space to the East, amongst a lush tropical landscaped site.

BUILDING LOBBY

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CCARE | 838 NORDAHL ROAD, SUITE 300, SAN MARCOS