$405K Price Reduction with 100% Rent Collections Since March 2020

INVESTMENT HIGHLIGHTS

HIGH-IMAGE MULTI-TENANT OFFICE BUILDING WITH SIGNIFICANT UPSIDE IN DOWNTOWN MARKET
►	This low-rise offering is a high-image office building in one of Southern California’s most desirable office submarkets. The property, consisting of ± 46,089 square feet, is situated along Hwy 91 with major freeway identification, and seconds away from the Downtown core.
►	Recent common area enhancements—including that included renovations to the lobby with new furniture, corridors and exterior—provide ease of lease-up for current vacancies. The largest vacancy in the building has been fully demo'd and is in a white-boxed condition. This eliminates up-front TI costs and improves the marketability of the vacancy to active tenants looking for new office space.
►	At 84% leased to seven tenants, the offering provides durable day 1 cash flow with a weighted average lease term of 3.36 years which equates to nearly 73% of the rentable area expiring in 2024 or thereafter.
►	The property possesses an attractive tenant roster consisting of national and region credit such as Bank of America (Moody’s Credit Rating: A2), Brandman University, a fully accredited university within the Chapman University System (Moody’s: A2), and Roorda, Piquet & Bessee, one of the larger local accounting firms rooted in Riverside for over 35 years.
►	The offering also provides significant upside potential through the absorption of the remaining vacant suites, particularly in a tight office submarket with limited availability of competitive product. With free surface parking and a discounted market rate compared to the mid-rise offerings, new ownership should be able to capture tenants needing to be in Downtown at lower cost alternatives without sacrificing quality.
ATTRACTIVE LOCATION WITH STRONG FUNDAMENTALS
►	CBRE Econometric Advisors has ranked Riverside the number 1 and 2 top tier ofﬁce investment market nationally over the next 3 and 5 years respectively. Ofﬁce rents in Riverside is projected to grow an average of 4.83% annually over the next three (3) years.
►	High-image, downtown location along SR-91 with freeway identification (±131,000 vehicles per day). Less than a mile from the I-215/SR-60/SR-91 freeway interchanges that connect the Inland Empire to Orange and Los Angeles Counties.
►	Amenity-rich location with Downtown Riverside’s best offerings: Mission Inn, Riverside Food Hall, Riverside Convention Center, UC Riverside. Access to 91, 215, and 60 freeways.