500 UNIVERSITY AVENUE MEDICAL OFFICE BUILDING500 UNIVERSITY AVENUE • SACRAMENTO, CALIFORNIA

INVESTMENT SUMMARYEXCLUSIVELY OFFERED BY

CLASS A — INSTITUTIONAL GRADE$16,800,000 • $354/PSF • 6.74%

JLL is pleased to offer for sale the fee simple interest in 500 University Avenue Medical Office Building (the “Property” or “500 University”), a 47,500 square foot Class A medical office building in Sacramento, California. Completed in 1996, with the Annex addition in 2006, the two-story building is 100 percent leased to 12 tenants. The Property is anchored by Sacramento Heart and Vascular Medical Associates (“Sacramento Heart” or “SHVMA”) and its affiliated ambulatory surgery center in 50 percent of the building and a prominent primary care clinic for UC Davis Health. The two anchor tenants are complemented by a synergistic mix of healthcare practices that have collectively invested in significant healthcare infrastructure, including an ambulatory surgery center, imaging suite, laboratory, and clinical exam space. 500 University is five miles east of downtown Sacramento, the capital of California.

(1) Square footage total in current leases

(2) Building rentable square footage per BOMA 2017 remeasured in May 2019 to 49,110 RSF

THE OFFERING:Purchase Price: $16,800,000

Square Footage: 47,500 (1)(2)

Price PSF: $354/PSF ($342 per RSF)

Cap Rate: 6.74%

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Investment Summary

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500 UNIVERSITY

SACRAMENTO INTERNATIONAL AIRPORTROSEVILLE / ROCKLIN

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DAVIS

2 500 University Avenue | Sacramento, CA

Investment Summary

THE OFFERING500 University is strategically located within the affluent Campus Commons neighborhood, a dense urban area with limited development sites. The Property benefits from its proximity to the 30,661-student California State University, Sacramento, the American River that bisects the city and surrounding affluent residential neighborhoods. The Property is easily accessible from United States Route 50 which connects the Property to downtown Sacramento, adjacent residential communities, and suburban amenities. Four major acute-care hospitals with 1,826 beds within four miles of the Property are conveniently accessed by physician tenants.

The Property offers a year one net operating income of $1,131,821 from in-place leases with contractual rent growth. The offering is an exceptional opportunity to acquire a Class A medical office building with a solid tenancy base in an affluent Sacramento neighborhood. The investment is being offered free and clear of debt.

3 500 University Avenue | Sacramento, CA

Investment Summary

INVESTMENT HIGHLIGHTS

100% occupancy anchored by leading heart and vascular group• 47,500 square foot, Class A medical office building 100 percent leased by 12 unique

tenants in Sacramento, California• $1,131,821 of in-place year one net operating income with contractual annual rental

escalations• Market leading cardiology practice Sacramento Heart occupies 50 percent of the building• Significant capital investment in tenant equipment and build-out within tenant suites

that include imaging and an ambulatory surgery center• Ample onsite parking offering 5.24 spaces per 1,000 square feet• 4.3 years of weighted average remaining lease term• Fee simple interest and available free and clear of debt

Strong hospital and provider affiliations• Main office for the renowned Sacramento Heart practice that operates in five locations

throughout the Sacramento area• UC Davis Health occupies two suites in the building and operates the 627-bed UC Davis

Medical Center, located 3.4 miles from the Property• Strong financial performance of UC Davis Health with an Aa2 / stable investment grade

rating by Moody’s Investors Services• UC Davis Health is a leading health system with 12.7 percent market share in the

Sacramento market

Attractive infill location within California’s growing capital • Conveniently located within 3.7 miles of four major acute care hospitals totaling 1,826

beds: UC Davis Medical Center, Sutter Medical Center, Sacramento, Kaiser Permanente Sacramento Medical Center, and Mercy General Hospital

• Strategic off-campus location servicing growing residential communities with expanding demand for specialty services in a convenient setting

• Key outpatient location complements UC Davis Health’s continued outpatient expansion • Located in affluent and desirable submarket of Sacramento with average household

income of $92,947 within a one-mile radius of the Property• Highly-employed population (3.4 percent unemployment) in Sacramento supports

healthcare service base

SECOND FLOOR WAITING AREA

SUITE 220 — UC DAVIS HEALTH

DOWNTOWN SACRAMENTO SKYLINE

4 500 University Avenue | Sacramento, CA

Investment Summary

SACRAMENTO HEART AMBULATORY SURGERY CENTER

THE TRANSACTIONThe Property500 University is an attractive, Class A, medical office building with 47,500 square feet conveniently located in the affluent Campus Commons neighborhood of Sacramento and proximate to multiple acute-care hospitals, California State University, Sacramento and downtown Sacramento. The two-story Property was built in 1996 with the addition of the Annex in 2006 and features an ambulatory surgery center, imaging center, laboratory, and café. The building sits on a 3.34-acre lot and is complemented with 249 parking spaces (5.24 spaces per 1,000 square foot ratio) and a circle driveway providing convenient drop-off and pick-up access in the front of the building.

The two-story building is anchored by Sacramento Heart, a leading cardiology practice that occupies 50 percent of the building across three suites. Sacramento Heart is a seven-physician member practice with five locations within the region and the practice operates an ambulatory surgery center (“Sacramento Heart Ambulatory Surgery Center”) with one operating room at the Property. UC Davis Health occupies two suites or 17 percent of the building offering family medicine, internal medicine, and pediatrics.

5 500 University Avenue | Sacramento, CA

THE TRANSACTION

Investment Summary

TenancyThe Property is 100 percent leased by 12 tenants, including the anchor cardiology practice, Sacramento Heart and UC Davis Health which collectively lease 67 percent of the building. The building serves as the main office for Sacramento Heart providing multiple services in addition to the Sacramento Heart Ambulatory Surgery Center that is owned by affiliated physician members. The balance of the building is occupied by UC Davis Health and independent physician practices. The complementary tenant mix services the growing residential communities that have sought first class healthcare services in residential neighborhoods with suburban amenities.

Sacramento Heart

Sacramento Heart is a seven-physician member cardiology practice that was established in 1976 and offers a wide range of services including all aspects of adult diagnostic and therapeutic cardiology. Sacramento Heart has 79 employees and is a dominant cardiology practice in Sacramento commanding 45 percent of the market within its five-mile radius service area. The practice’s five locations within and around Sacramento focus on the treatment of adult congenital heart disease, congestive heart failure and cardiac transplant, complex lipid analysis, nuclear imaging, geriatric cardiology, peripheral vascular imaging and intervention, as well as complex coronary percutaneous intervention. Sacramento Heart’s main office is located at the Property offering a myriad of services, an in-house laboratory, and outpatient surgery.

UC Davis Health

UC Davis Health is an academic health system comprised of the 627-bed acute-care teaching hospital UC Davis Medical Center, the UC Davis School of Medicine, the Betty Irene Moore School of Nursing at UC Davis and UC Davis Medical Group, a 1,000-member physician’s practice group. UC Davis Medical Center sits on a 142-acre campus located less than 4 miles from the Property. UC Davis Medical Center ranked among the nation’s top hospitals for 2018-19 by U.S. News & World Report Best Hospitals survey published in July 2018.

UC Davis Health is part of the University of California owned, UC Health, the fourth largest healthcare delivery system in California which includes 12 hospitals, with more than 3,600 licensed beds, 167,000 inpatient admissions and nearly 4.9 million outpatient visits a year.

SACRAMENTOHEART

6 500 University Avenue | Sacramento, CA

THE TRANSACTION

Investment Summary

Sacramento MarketSacramento is California’s state capital and the Sacramento—Roseville—Arden-Arcade metropolitan statistical area (“MSA”) is the fifth largest MSA in California with 2.34 million residents. Located at the confluence of the Sacramento River and the American River in Northern California’s Sacramento Valley, Sacramento possesses a diverse economy lead by the healthcare, agriculture, technology, financial services, and education industries. It’s central location, close to Lake Tahoe, Napa Valley, and numerous national parks and seashores makes Sacramento a desirable place to live, work, and play. This city’s vibrant culture includes an orchestra, professional opera, ballet, multiple performing arts venues, and the oldest art museum west of the Mississippi River. The City of Sacramento is investment grade rated Aa2 / stable by Moody’s Investors Service.

Campus Commons SubmarketCampus Commons is one of Sacramento’s most desirable and premier submarkets. It is a quiet residential community located on the banks of the American River, immediately opposite California State University, Sacramento. It features great demographics, proximity to abundant retail and amenities, beautiful housing, excellent schools, and easy access to United States Route 50 and the Sacramento central business district.

TOWER BRIDGE, SACRAMENTO RIVER

CALIFORNIA STATE UNIVERSITY, SACRAMENTO

7 500 University Avenue | Sacramento, CA

CONTACT INFORMATIONPlease contact any of the following JLL representatives with questions

Steve LeathersManaging DirectorO +1 212 812 5867M +1 949 922 4195steve.leathers@am.jll.comCA LIC# 01883065

CJ KodaniVice PresidentO +1 310 694 3193M +1 310 270 8180cj.kodani@am.jll.comCA LIC# 01856330

DEBT QUOTES AVAILABLE UPON REQUESTDaniel TurleyManaging DirectorO +1 214 438 6374M +1 212 729 9327daniel.turley@am.jll.com

SACRAMENTO LEASING EXPERTSMichael StassiSenior Vice PresidentO +1 916 440 1824M +1 916 595 5886michael.stassi@am.jll.comCA LIC# 01198564

Daniel J. BakerVice PresidentO +1 916 440 1839M +1 916 616 4123daniel.baker@am.jll.comCA LIC# 01705912

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