171,700 VPD

ARI SPIRO480.634.8596480.292.3697ari.spiro@orionprop.com

SEAN STUTZMAN480.634.8194480.363.4544sean.stutzman@orionprop.com

VAL VISTA CROSSINGSVAL VISTA CROSSINGS 3617-3701 East Southern Avenue | Mesa3617-3701 East Southern Avenue | Mesa

North

Southern Avenue

Val V

ista D

rive

38,84

4 VPD

Developable Pad

Developable Pad

GREENFIELD GATEWAY

CLASS A OFFICE ANCHORLOCATED IN 900 CITIES

WORLDWIDE

18,058 VPD

CLASS A OFFICE ANCHORLOCATED IN 900 CITIES

WORLDWIDE

ZEMP AUTO REPAIRZEMP AUTO REPAIR

EXECUTIVE SUMMARY 2

Southern Avenue

Val V

ista D

rive

VAL VISTA CROSSINGSVAL VISTA CROSSINGS

SALE PRICE $8,900,000

PRICE PER SF $139

CAP RATE 8.00%

OCCUPANCY 84%

BUILDING SIZE 64,242 SF

PARCEL SIZE 8.25 Acres

YEAR BUILT 1988

ZONING LC

CROSS STREETS Val Vista & Southern

TRAFFIC COUNT +/-56,900 VPD38,844 VPD (Val Vista Dr)

18,058 VPD (Southern Ave)

171,700 VPD

■ Upside Opportunity at 84% Occupancy (Proforma CAP Rate of 9.3%)

■ Anchored by Goodwill for past 12 years (only Goodwill in Trade Area)

■ Over 350,000 Residents within 5 Miles with an Average Household Income of $74,000

■ Strong Retail Intersection, includes Safeway, Starbucks, Del Taco, Extra Innings, and Hungry Howie’s

■ High Traffic Area with over 56,900 vehicles per day and Close to US-60 (171,700 VPD), Dana Park, and Val Vista Lakes

■ 59,418 SF Just Leased on Site to Regus in the Adjacent Corporate Center (NAP), Bringing Many Employees to the Corner

HIGHLIGHTS

SITE PLAN 3Southern Avenue

Val Vista Drive 38,844 VPD

18,058 VPD

Not a Part

Not a Part

VAL VISTA CORPORATE CENTER

DEVELOPABLE PAD DEVELOPABLE PAD

Not a Part

Not a Part

SHOP

S D

SHOPS C

1,628

SF

1,330

SF

1,346

SF

6,122

SF

1,240

SF

VAPE

STYL

E

AZ CONTRACTORS

CABINETS

SHOPS B

SHOPS A

Not a PartZEMP AUTO REPAIR

GOODWILL LOCATION MAP 4

77 GOODWILL LOCATIONS & COUNTING77 GOODWILL LOCATIONS & COUNTING

GOODWILL ANCHOR MAP 5

17 MINUTES9.2 MILES

17 MINUTES5.5 MILES

11 MINUTES4.3 MILES

8 MINUTES3.2 MILES

11 MINUTES4.7 MILES

12 MINUTES4.7 MILES

13 MINUTES5 MILES

17 MINUTES8 MILES

11 MINUTES4 MILES

ONLY GOODWILL WITHIN 3-MILE DRIVENUMBER OF LOCATIONS ON VAL VISTA DRIVE: 0

NUMBER OF LOCATIONS ON SOUTHERN AVENUE: 3

SOUTHERN AVENUE LOCATIONS:

A COUNTRY CLUB DRIVE - 12 MINUTES/6.2 MILES

B MCCLINTOCK DRIVE - 19 MINUTES/10.3 MILES

C 35TH AVENUE - 35 MINUTES/26.7 MILES

ONLY GOODWILL WITHIN 3-MILE DRIVE

VAL VISTA CROSSINGSVAL VISTA CROSSINGS

PROPERTY PHOTOS 6

REGUS (NAP) 7

-3,000 LOCATIONS, 900 CITIES, 120 COUNTRIES

The Corporate Center at Val Vista, totaling approximately 59,418 square feet, is a two-story flexible office and co-working space in the heart of Mesa. It offers a contemporary designed working environment equipped with high speed WiFi to get work done efficiently. Ready-to-use private office space, virtual office, shared co-working spaces, meeting rooms, and a business lounge are all readily available at Regus.

■ Gym/fitness suite found nearby ■ Outdoor seating area or terrace ■ Customer parking on-site or nearby ■ Videoconferencing facilities at this location

OVERVIEW

W O R K S P A C E S A T V A L V I S T A

FEATURES

VIRTUAL OFF ICE

BUSINESS LOUNGE

MEETING ROOMS

CO-WORKING SPACE

MEMBERSHIP

OFFICE SPACE

SHOPS A

SHOPS B SHOPS C

SHOPS D

PARCEL MAP 8

Southern Avenue

Val Vis

ta Dri

ve

38,844 VPD

18,058 VPD

140-57-345A

Developable Pad Developable Pad

PARCEL #:TAXES (2019):LAND SIZE:

140-57-345A, 140-57-348$76,026

8.25 Acres

NAP NAP 140-57-348ZEMP AUTO REPAIR

NAP

NAP

OBLIQUE AERIAL 9

Val Vista Drive

Southern Avenue

VAL VISTA CROSSINGSVAL VISTA CROSSINGSVAL VISTA CROSSINGS

VAL VISTA CROSSINGSVAL VISTA CROSSINGS

171,700 VPD

VAL VISTA LAKES

Located in Maricopa County and just 15 miles east of Phoenix, Mesa covers 138 square miles, is the third largest city in Arizona and the 36th largest city in the nation. The City provides the advantages of a thriving metropolis while maintaining the feel of a suburban environment. With dynamic recreational, educational and business opportunities, Mesa enjoys the best in a variety of amenities including parks within easy walking distance from home, a variety of sports facilities that cater to athletes young and old, highly rated golf courses for every skill level, a diversity of special events and community festivals, and Mesa's ever-popular Chicago Cubs and Oakland A's Spring Training baseball.

LOCATION 11

VAL VISTA CROSSINGSVAL VISTA CROSSINGS

171,700 VPD

VILLAGE SQUARE AT DANA PARKVillage Square at Dana Park, the 70 acre shopping center on the northwest corner of Val Vista Drive and Baseline Road in Mesa, Arizona, has been described as an “urban lifestyle center” because of its dynamic street scenes, its quality of stores and quality of presence. The center is characterized by the presence of approximately 500 date palms, cobblestone pavers, wide streets, beautiful domes, carved limestone fountains and marble columns accenting the commitment by the Triple Five of Arizona to build a center aligned with the upscale Mesa and Gilbert residents. Stores includes: Chico’s, Loft, White House/Black Market, Barnes & Noble, Anthropologie, Baker Bros., Downeast Outfitters, Francesca’s Collections, J.Jill, Jos A Bank, Talbot’s, Kirkland’s, Potato Barn, Z Gallerie, Lizard Thicket and AJ’s Fine Foods.

DOWNTOWN MESAA square mile of unique style. Explore charming districts in this vibrant downtown featuring boutiques, sidewalk cafes, salons and antique shops. Select Saturday’s in October through April, experience free all-day arts festival, Downtown Mesa Festival of the Arts (formerly known as MACFest). Or relax while enjoying free concerts at the Mesa Arts Center.

GILBERT, AZGilbert is a community with agricultural roots that show-up in the local food scene and in uniquely handcrafted creations. Gilbert has a family-friendly vibe and an emerging nightlife, all of which has been created in alignment with our local love of great food, craft beer, Arizona wine, handmade goods, bike trails, open space, and our four-legged friends. Once known as the “Hay Shipping Capital of the World,” more recently Gilbert has received nods like, “Phoenix’s Coolest Suburb,” and a “top 5 foodie neighborhood in metro Phoenix,” it is now known more for its people food than its alfalfa. Gilbert is also consistently recognized as one of the safest cities and best places to live in the U.S. All this adds up to making Gilbert your home base for Arizona explorations. Gilbert has 22 national parks (including the Grand Canyon) and 35 state parks here in Arizona to explore, many within an hour to a day-trip away from Gilbert.

RENT ROLL 12

BuildingSuite Number Tenant

Percent ofCenter

Square Footage LeaseBegin

TermEnd

Rentper Month

Rentper Year

Rentper SF

CAMper Month

CAMper Year

CAMper SF

RentalDate

IncreasesAmount

SHOPS A

3617A01 One Source Cabinets LLC 1.94% 1,245 5/1/2017 4/30/2020 1,504$ 18,053$ 14.50$ 510.45$ 6,125$ 4.92$ 1 3 Year Option

3617A02 Arizona Contractor License Center 3.58% 2,302 3/19/2007 3/31/2024 3,453$ 41,436$ 18.00$ 644.00$ 7,728$ 3.36$ 4/1/2020 $3,568.10

4/1/2021 $3,683.204/1/2022 $3,798.304/1/2023 $3,913.40

3617A04 Gyro House 3.86% 2,480 11/1/2016 1/31/2021 4,216$ 50,592$ 20.40$ 680.00$ 8,160$ 3.29$ 2/1/2020 $4,340.00

3617A06 Friends in Style 1.93% 1,240 1/1/2009 1/31/2023 1,651$ 19,815$ 15.98$ 347.00$ 4,164$ 3.36$ 2/1/2020 $1,715.33

2/1/2021 $1,777.332/1/2022 $1,844.50

3617A07 Vapor Grande 1.93% 1,240 4/8/2019 4/30/2021 1,343$ 16,116$ 13.00$ 377.17$ 4,526$ 3.65$ 6/1/2019 $1,343.33

5/1/2020 $1,395.00

3617A08 Lease Pending 1.93% 1,240 1,240$ 14,880$ 12.00$ 347.20$ 4,166$ 3.36$

3641 Vacant 9.53% 6,122 6,122$ 73,464$ 12.00$ 1,714.16$ 20,570$ 3.36$

SHOPS B

3655 Goodwill Industries 53.84% 34,591 12/14/2007 12/31/2022 38,742$ 464,903$ 13.44$ 9,684.00$ 116,208$ 3.36$ 3 5 Year Options

SHOPS C

3701C1 Vacant 2.10% 1,346 1,570$ 18,844$ 14.00$ 376.88$ 4,523$ 3.36$

3701C2 Vacant 2.07% 1,330 1,552$ 18,620$ 14.00$ 372.40$ 4,469$ 3.36$

3701C3 Cousins Maine Lobster 2.06% 1,322 6/1/2017 8/31/2022 1,542$ 17,847$ 13.50$ 542.02$ 6,504$ 4.92$ 6/1/2020 $1,597.42 1 3 Year Option

6/1/2021 $1,652.50

3701C4 Vacant 2.53% 1,628 1,899$ 22,792$ 14.00$ 455.84$ 5,470$ 3.36$

SHOPS D

3725D1-6 Impact Dance 9.89% 6,351 8/1/2011 7/31/2021 6,880$ 82,563$ 13.00$ 1,778.00$ 21,336$ 3.36$ 8/1/2020 $7,144.88

3725D6 Impact Dance Expansion 2.81% 1,805 8/1/2019 7/31/2020 1,805$ 21,660$ 12.00$

TOTALS 64,242 73,520$ 881,585$ 13.72$ 17,829$ 213,949$ 3.33$OCCUPIED 83.77% 53,816 62,377$ 747,865$ 13.90$ 14,910$ 178,918$ 3.32$VACANT 16.23% 10,426 11,143$ 133,720$ 12.83$ 2,919$ 35,031$ 3.36$

Options

One time right to terminate onAugust 1, 2020

Gross Lease

RENT PROJECTIONS 13

Tenant JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL

One Source Cabinets LLC 1,504.38 1,504.38 1,504.38 1,549.51 1,549.51 1,549.51 1,549.51 1,549.51 1,549.51 1,549.51 1,549.51 1,549.51 $18,459

Arizona Contractor License Center 3,453.00 3,453.00 3,453.00 3,568.10 3,568.10 3,568.10 3,568.10 3,568.10 3,568.10 3,568.10 3,568.10 3,568.10 $42,472

Gyro House 4,216.00 4,340.00 4,340.00 4,340.00 4,340.00 4,340.00 4,340.00 4,340.00 4,340.00 4,340.00 4,340.00 4,340.00 $51,956

Friends in Style 1,651.27 1,715.33 1,715.33 1,715.33 1,715.33 1,715.33 1,715.33 1,715.33 1,715.33 1,715.33 1,715.33 1,715.33 $20,520

Vapor Grande 1,343.00 1,343.00 1,343.00 1,343.00 1,343.00 1,395.00 1,395.00 1,395.00 1,395.00 1,395.00 1,395.00 1,395.00 $16,480

Lease Pending 1,240.00 1,240.00 1,240.00 1,240.00 1,240.00 1,240.00 1,240.00 1,240.00 1,240.00 1,240.00 1,240.00 1,240.00 $14,880

Vacant 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0

Goodwill Industries 38,741.92 38,741.92 38,741.92 38,741.92 38,741.92 38,741.92 38,741.92 38,741.92 38,741.92 38,741.92 38,741.92 38,741.92 $464,903

Vacant 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0

Vacant 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0

Cousins Maine Lobster 1,542.33 1,542.33 1,542.33 1,542.33 1,542.33 1,597.42 1,597.42 1,597.42 1,597.42 1,597.42 1,597.42 1,597.42 $18,894

Vacant 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0

Impact Dance 6,880.25 6,880.25 6,880.25 6,880.25 6,880.25 6,880.25 6,880.25 7,144.88 7,144.88 7,144.88 7,144.88 7,144.88 $83,886

Impact Dance Expansion 1,805.00 1,805.00 1,805.00 1,805.00 1,805.00 1,805.00 1,805.00 1,805.00 1,805.00 1,805.00 1,805.00 1,805.00 $21,660

Totals 62,377.15 62,565.21 62,565.21 62,725.44 62,725.44 62,832.53 62,832.53 63,097.16 63,097.16 63,097.16 63,097.16 63,097.16 $754,109

INCOME & EXPENSE 14

Actual84% Occupancy

Proforma95% Occupancy

Base Rent $754,109 $887,829

CAM Recapture $178,918 $213,949

Total Gross Revenue $933,027 $1,101,779

Vacancy Actual of 16% | 5% Proforma ACTUAL $55,089

Total Adjusted Gross Revenue $933,027 $1,046,690

Operating Expenses $221,118 $221,118

Net Operating Income $711,909 $825,572

THE OFFERING Actual Proforma

Offering Price $8,900,000 8.00% CAP Rate 9.28% CAP Rate

JANUARY 2020 YEAR FORWARD INCOME & EXPENSE

$138.54 psf

TENANT PROFILES 15

Goodwill is an American nonprofit 501(c)(3) organization that provides job training, employment placement services, and other community-based programs for people who have barriers preventing them from otherwise obtaining a job. Goodwill is funded by a massive network of retail thrift stores, which operate as nonprofits as well. Founded in 1947, Goodwill of Central and Northern Arizona operates more than 80 stores and donation centers today, and no-cost Goodwill career centers across the state. Annually, they fight unemployment by providing thousands of Arizonans with job preparation resources to connect local job seekers with hiring companies. Goodwill is the largest used goods retailer in the United States. www.goodwill.org

Impact Dance is dedicated to providing extraordinary technical training in a positive environment that focuses on the life skills of hard work, dedication, teamwork, responsibility and respect for others. They believe in longevity and balance. Classes offered include hip hop, jazz, tap, ballet, Improv, tumbling, pom and contemporary. www.impactdance.net

Gyro House is a Greek and Mediterranean family-owned and operated restaurant located in Mesa, Arizona open since July 2012. They offer the juiciest and most flavorful authentic Greek gyro in town, as well as Shish Kabobs and Hummus. Gyro House has been open since July 2012. www.ordergyros.com

Cousins Maine Lobster is the leading provider of Maine lobster rolls on the west coast. Their Maine lobster is sent straight to California, where it is served 24 hours later at east coast prices. They serve up fresh and authentic Maine seafood from their food trucks and online. Cousins Maine Lobster prides itself on an extra friendly staff and a unique experience. Founded in 2012, Cousins Maine Lobster rose to national recognition after being featured on the hit ABC series Shark Tank in 2013. www.cousinsmainlobster.com

Arizona Contractor License Center is committed to providing contractors the necessary tools to pass their license exam, establish their entity, acquire their contractor license, secure bonding coverage, insure their risk and outsource their employer responsibilities. We provide Licensing and Business Solutions for Contractors. www.azclc.com

One Source Cabinets is a service-oriented and budget-minded company, stocking seven premium, professionally built cabinets. They offer pick up or delivery from their distribution centers, and currently have two locations - Arizona and Colorado. www.onesourcecabinets.com

Vapor Grande is one of Arizona’s most distinguished provider of electronic cigarette hardware and hand crafted e-juices. They are a vapor lounge and e-cigarette vendor, with two locations in Arizona and one in Mexico. www.vaporgrande.com

Friends in Style is a full-service family salon offering many services including Brazilian blowouts, hair extensions, color, weaves, waxing, haircuts and styles. www.facebook.com/pages/category/Hair-Salon/Friends-In-Style-351235244996808/

Friendsin Style

2018 SUMMARY (SOURCE: ESRI) ONE MILE THREE MILE FIVE MILE

DAYTIME POPULATION 21,848 182,019 486,621

POPULATION 16,957 147,375 364,712

AVERAGE HOUSEHOLD SIZE 2.76 2.60 2.72

AVERAGE HOUSEHOLD INCOME $78,714 $73,123 $77,640

MEDIAN AGE 34.2 37.4 36.4

DAYTIME POPULATION

AVERAGE HHINCOME

MEDIANAGE

486,621

$78,714

34.21 Mile

DEMOGRAPHICS 16

1 Mile

5 Mile

www.orionprop.com

AGENT CONTACT:

All materials and information received or derived from ORION Investment Real Estate its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither ORION Investment Real Estate its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. ORION Investment Real Estate will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. ORION Investment Real Estate makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. ORION Investment Real Estate does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by ORION Investment Real Estate in compliance with all applicable fair housing and equal opportunity laws.

ORION Investment Real Estate | 7328 East Stetson Drive | Scottsdale, AZ

DISCLAIMER

ARI SPIRO480.634.8596480.292.3697ari.spiro@orionprop.com

SEAN STUTZMAN480.634.8194480.363.4544sean.stutzman@orionprop.com

VAL VISTA CROSSINGSVAL VISTA CROSSINGS3617-3701 East Southern Avenue | Mesa