New to Market | Generational Fashion Island Ownership Opportunity | Newport Beach, CA

Proven Occupancy | Occupancy has averaged 97.5% since 1996, has never fallen below 90.9%, and reached 100% in 17 of 31 years, demonstrating resilience across multiple cycles, including the Global Financial Crisis and the pandemic.

Diversified Income | Twenty tenants occupy suites averaging approximately 1,450 sq. ft., with no tenant exceeding 19% of the building, limiting single-tenant exposure and supporting efficient re-leasing.

Healthcare and Wellness Concentration | Approximately 88% of leased area is occupied by medical, wellness and personal-care users, including plastic surgery, otology, physical therapy, endodontics, optometry and medical aesthetics, whose practices depend on proximity to Newport Beach’s affluent clientele.

Exceptional Tenure | Weighted average tenure exceeds ±17.24 years. Five tenants representing 54% of leased area have occupied the Property since 1998 to 2003, and the largest tenant, Spa Gregorie’s, is committed through October 2033.

Continued Demand | Six leases executed since 2024, including two medical aesthetics commitments in 2026, reflect ongoing tenant investment in the building.

Mark-to-Market Opportunity | In-place rents are approximately 45% below market. CBRE estimates net operating income at market rents of approximately $2.2 million, more than double the in-place $1.0 million.

Staggered Rollover | Expirations are distributed from 2027 through 2033, enabling a measured repricing strategy supported by the Property’s strong renewal history. A 1,281-sq. ft. vacant suite offers immediate lease-up potential.