850 Showroom Place

LOCATED JUST 10 MILES FROM THE 535 ACRE CHULA VISTA BAYFRONT DEVELOPMENT PROJECT – LARGEST WATERFRONT PROJECT ON WEST COAST – DRIVING MASSIVE NEW HOTEL DEVELOPMENT WITHIN EASTLAKE SUBMARKET • 10 MILES FROM THE 535 ACRE CHULA VISTA BAYFRONT DEVELOPMENT SET TO BE COMPLETED IN 2025 • $2.1 BILLION ECONOMIC IMPACT, 1600 NEW HOTEL ROOMS, 2,200 PERMANENT JOBS, 1500 NEW RESIDENTIAL/OFFICE UNITS • EASTLAKE HAS EXPIERENCED A BOOM IN NEW HOTEL DEVELOPMENT CONSISITNG OF NEW HOTELS FROM MARRIOTT RESIDENCE, ARYES HOTEL, HILTON HOMEWOOD, MARRIOTT SPRINGHILL SUITES, & HILTON HAMPTON INN. • EASTLAKE HOTEL BOOM IS NOW SURPASSING MISSION VALLEY & DOWNTOWN SAN DIEGO IN AVERAGE DAILY RATE AND REVENUES • NEARBY ATTRACTIONS INCLUDE THE U.S. OLYMPIC TRAINING FACILITY, EASTLAKE COUNTRY CLUB, NORTH ISLAND AMPHITHEATRE, AND THE CHULA VISTA BAYFRONT.Subject Property Leased to Amazon (S&P: AA-) | NASDAQ: “AMZN” – Best in Class Tenant | $590 Billion in Gross Income (2023) Real Estate Advantage | Located in High Growth Eastlake Submarket | Mission Critical Parking Lot Site for Amazon Hub Facility Huge Upside Potential Through Redevelopment | Existing Income Stream | Low Price per Square Foot for Improved Land ($42 PSF) Located Just 10 Miles From the 535 Acre Chula Vista Bayfront Development Project, Largest Waterfront Project on West Coast | New Hotel Developments Chula Vista, CA, 2nd Largest City in the San Diego Metropolitan Area | Contains Robust Industrial, Residential, Hospitality, & Retail Markets A 4.55-acre improved parking lot property that is located within the Eastlake submarket of Chula Vista, CA. The property is currently leased to Amazon on a 5-year gross lease, which commenced in April 2021 and expires in April 2026. Amazon has (4)-5-year renewal option periods at FMV, with 2.75% annual rent increases thereafter. This parking lot is currently supporting a 100,000 SF Amazon Hub distribution facility located just 0.3 miles from the subject property. This investment provides an investor with a strong and reliable income stream for the next 1.8 years, with the potential opportunity to redevelop the site to its highest and best use.