SOCO Harbor

LAND RICH OFFICE CAMPUS WITH MULTIPLE PATHS FOR UPSIDE
* Highly Functional 4-Building Office Campus | SoCo Harbor (“Property”) is an extremely well maintained and highly functional 4-building, low-rise office campus prominently located in Santa Ana, CA. The project is situated on approximately 9 acres of land and consists of 151,739 square feet of rentable (as leased) office space. Currently ±61% leased to 18 tenants with a weighted average remaining lease term (WALT) of ±3.4 years, SoCo Harbor provides solid in-place cashflow with significant growth potential.

* Owner-User Opportunity | With ±59,434 square feet of currently vacant space, an owneruser could acquire the campus, immediately take occupancy, generate income from the existing tenants, and expand on-site over time, as desired.

* Break-A-Part Strategy | SoCo Harbor presents a unique opportunity to explore a break-apart strategy to create value. While all four buildings are currently on a single parcel, the potential exists to subdivide the property to facilitate the sale of individual buildings to owner-users or motivated 1031 private investors at premium pricing.
EXCEPTIONAL MARKET FUNDAMENTALS
* Core Market | Orange County was ranked among the top investment markets in the Americas in 2023 by investors, reflecting the county’s resilient industries, stable economic fundamentals and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought after gateway market.

* Favorable Suburban Low-Rise Trends | Over the last decade, demand for low-rise office product has been robust. Low rise office buildings have consistently out-performed mid- and high-rise buildings both in terms of occupancy and rental growth. This preference for low-rise, surface parked office product accelerated during the pandemic.

* Projected Growth | According to CBRE Econometric Advisors, Orange County is projected to add ±72,000 new jobs over the next 5 years. In addition, Orange County’s office rent growth is projected to be among the top ten in the country over the next five years.
IDEAL SOUTH COAST METRO LOCATION WITH GREAT ACCESS AND INCREDIBLE DEMOGRAPHICS
* Highly Desirable Location | Located within the South Coast Metro area, the Property has convenient access to Costa Mesa, world famous Newport Beach, the Airport Area submarket and Fashion Island. This location provides intrinsically irreplaceable proximity to some of the top beaches, entertainment, shopping, dining and outdoor activities in the nation.

* Transportation Access | SoCo Harbor offers a central, highly accessible location for employees residing around the region. The Property is located approximately ½ mile from the San Diego (405) Freeway, which provides convenient access to the nearby SR-55, SR-73, SR-22 and and I-5 freeways, and is just 5 miles from John Wayne Airport (SNA).

* Abundant Retail and Residential Amenities | The property is surrounded by a variety of retail and residential amenities, including some of Orange County’s premier retail destinations such as South Coast Plaza, SOCO & The OC Mix, and The Lab/Camp.