| COVERED LAND PLAY - Collectively, San Roque Plaza I & II sit on 2.83 acres of prime land within infill Santa Barbara |
| HUGE NOI GROWTH - New Operating Income is projected to increase over the anticipated 10-year hold period |
| VALUE-ADD OPPORTUNITY - Current in-place rents average just $2.50/SF/NNN, significantly below current market rates for similar assets in the area |
| STATE STREET LOCATION - Properties are at the epicenter of Santa Barbara's Upper State Village, between La Cumbre Rd. & Las Positas Rd. |
| RETAIL THOROUGHFARE - State Street is Santa Barbara's primary retail thoroughfare |
Arthur Flores
CBRE, Inc.
