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almost permit ready – fully entitled 131 residential units – ±0.89 acreskoreatown, los angeles, california

For more information, please visit the property website: www.800southHarvard.com

wilsHire boulevard

8tH street

james m

. wood boulevard

Koreatown

Downtown LA 8th & harvardl o s a n g e l e s , c a

Harvard boulevard

normandie avenue

vermont avenue

Subject Property

Laurie Lustig-BowerExecutive Vice President+1 310 550 [email protected]. 00979360

Kamran PaydarSenior Sales Director+1 310 550 [email protected]. 01242590

Century City

Pacific Ocean

Santa MonicaBeverly Hills

West HollywoodMiracle Mile

Koreatown

wilsHire boulevard

normandie avenue

western avenue

joHn m

. wood boulevard

san

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street

8tH street

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Subject Property

Subject Property

Harvard boule

vard

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nd

ie avenu

e

irolo

street

western avenue

oxford avenue

serrano avenueHobart b

oulevard

wilsHire boulevard

james m. wood boulevard

8tH street

Koreatown

West HollywoodHollywood

Pacific Ocean

8th & harvardl o s a n g e l e s , c a

5 | 800 South Harvard, Los Angeles, CA

1 ExEcutivE summary

2 propErty ovErviEw

3 arEa highlights

4 rEnt survEy

page 07 page 12 page 19 page 30


Harvard boulevard

Hollywood

PasadenaGlendale

vermont avenue

normandie avenue

Subject Property

8tH street

olympic boulevard

san marino street

wilsHire boulevard

Koreatown

western

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ExEcutivE summary

vermont avenue

CBRE, InC., as ExClusIvE agEnt Is plEasEd to pREsEnt foR salE a ±0.89-aCRE sItE EntItlEd to BuIld 131 REsIdEntIal unIts InthE thRIvIng 24-houR KoREatown dIstRICt of los angElEs, CalIfoRnIa.

loCatEd at 800 south haRvaRd BoulEvaRd, thE pRojECt Is nEaRlypERmIt-REady; plans havE BEEn suBmIttEd to thE CIty foR plan ChECK.

The Property boasts a Walk Score of 95 – a “Walker’s Paradise” – and is proximate to three Metro rail subway stations (at Wilshire/Western, Wilshire/Normandie and Wilshire/Vermont), and an abundance of shopping, dining, and entertainment amenities.

Located in the heart of Los Angeles, Koreatown’s excellent, central location is minutes away from key employment centers including Downtown Los Angeles, Hollywood, West Hollywood, Wilshire Boulevard’s Miracle Mile, Beverly Hills and Century City.

A city within a city, Koreatown is one of the most densely populated, culturally rich areas of the Greater Los Angeles metropolis, enticing locals and visitors with its eclectic shopping and entirely unique dining experiences.

The neighborhood has undeniable entrepreneurial character, featuring trend-setting hotels and nightlife, high-end spas, and karaoke bars and cocktail lounges. With a multicultural mix of residents and languages, Koreatown is one of the most stylishly international areas in Los Angeles.

The Opportunity


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Opportunity Highlights

• Site is fully entitled to build 131 multifamily units and 4,450 SF ofretail space. Almost permit ready.

• Exceptional Walk Score of 95 – A “Walker’s Paradise.”

• Outstanding Koreatown location:

– Proximate to trendy hotels and nightlife.

– An abundance of shopping centers and boutiques including KoreatownGalleria, Chapman Plaza, and City Center on 6th.

– Area Restaurants include: Commissary by Roy Choi, Kang Ho-DongBaekjeong, Guelaguetza, Shin Beijing, Jihwaja Rice Bakery, and Cake House.

– Area Amenities include: The Line Hotel, The Wiltern Theater, Koreatown Plaza.

• Convenient to Key Los Angeles Employer Concentrations:

– Minimal travel time to Downtown Los Angeles, Hollywood, West Hollywood, Wilshire Blvd. Miracle Mile, Beverly Hills, and Culver City.

• Proximate to three Metro subway portals at Wilshire/Western, Wilshire/Normandie, and Wilshire/Vermont.

• Excellent Dense Urban Infill Location.

– The most densely populated district in Los Angeles County.

– 634,000 population within three mile radius.

– 1,240,000 population within five mile radius.

– Neighborhood average daily traffic counts range from 15,000 to over 36,000.

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• population forEcastEd to grow 2.5%within 1 milE radius by 2020.

• 3.2% projEctEd population growth withina 3 milE radius through 2020.

high submarkEt dEmand for multifamily rEntal units

pricEthE property is being marketed unpriced.

for morE information, plEasE visit:www.800southharvard.com

an EntItlEd, nEaRly pERmIt REady, hIghly walKaBlE KoREatown multIfamIly

dEvElopmEnt oppoRtunIty. loCatEd In thE hEaRt of los angElEs.

3Proximate to three Metro

subway portals.

97.2%Submarket occupancy.

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property overview


8th & Harvard ApartmentLOS ANGELES, CA

PERSPECTIVE


PERSPECTIVE


PERSPECTIVE


8th & Harvard Project Renderings

Overview of Entitlements

131 Residential Units Over 1 Story Type I Retail & Subterranean Parking Structure

Estimated Lot Area

• ±0.89 Acres, ±38,768 Square Feet

Allowable Floor Area

• 134,315 Square Feet

Entitled Floor Area

• 130,234 Square Feet

Bicycle Parking

• 149 Bicycle spaces*

*Based on requirement of 1 per unit, 10% of total units, 1 per 2,000SF of Retail.

Open Space

• 13,979 Square Feet of Community Space, Courtyard/Roof Deck,Rear Yard and Private Deck Space*

*Based on requirement of 100 SF for Studio & 1Bedroom, 125 SF for2 Bedroom.

Parking

• 151 Total Spaces (140 residential and 11 retail spaces)*

*Exceeds requirements of 1 parking space for Studio, 1 for 1Bedroom,1 per 500 SF of Retail; 15% Transit Zone parking reduction.

Unit Mix

STUDIO (AFFD)

STUDIO (M.R.)

1BR (AFFD)

1BR (M.R.)

2BR (AFFD)

2BR (M.R.)

TOTAL

2F 5 2 4 7 2 5 25

3F 0 7 0 12 0 7 26

4F 0 9 0 11 0 7 27

5F 0 9 0 1 0 7 27

6F 0 9 0 10 0 7 26

TOTAL 5 17 4 74 2 29 131

% of Total 3.8% 13.00% 3.1% 56.5% 1.5% 22.1% 100%

AFFD: Market Rate RatioTotal 131

UnitsMarket Rate

120 Affordable 11* *11% of 97Base Density

% of Total 100% 91.60% 8.40%

Gross Area

Parking Retail Residential Circulation (corr. Etc) TotalBasement L1 36,727 36,727

Basement Total

36,727 36,727

Ground 24,590 4,150 860 29,600

2F 20,434 4,126 24,560

3F 20,595 4,126 24,560

4F 20,500 4,126 24,560

5F 20,500 4,126 24,560

6F 19,439 4,126 24,560

MEZZ 17,155 17,155

Ground Total 24,590 4,150 119,483 20,630 169,555

Grand Total 61,317 4,150 119,483 20,630 206,282

Net Rentable (w.o. Amenities) 117,323



UNIT PLANS

2BR-A 2BR-B

STUDIO

LIVNG/ BEDLIVNG

LIVNG

LIVNG

LIVNG

KITCHEN

KITCHEN

KITCHEN

KITCHEN

BED

BED

BED

BED BED

BED

W.I.C

BATH

BATH

BATH

WD

BATH

BATHBATH

DECK

DECK

BATH

CL

1BR-A 1BR-B

Project Floorplans

8TH & HARvARD Los Angeles, California

Investment SummaryAddress

Apartment Buildings:

808 S. Harvard Blvd

814 S. Harvard Blvd

818 S. Harvard Blvd

824 S. Harvard Blvd

826-830 1/2 S. Harvard Blvd

Commercial Building:

3418-3424 W. 8th Street

Submarket

Koreatown

Assessor Parcel Numbers

5093-022-012, 011, 010, 009, 008, 007

Estimated Land Area

±0.89 Acres, ±38,768 Square Feet

Current Zoning

C2-1/R4-2

Permitted FAR

C2-1 1.5 :1 FAR

R4-2 6.0 :1 FAR

Height Limit

No Height Limit

Current Improvements

Five income-producing apartment buildings and one income producing commercial building.

Ownership Interest

Fee Simple

Council District

Council District 10, Council President Herb Wesson Jr.

Subject Property


Source: ZIMAS

Current Zoning

8tH street


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Harvard boulevard

kingsley drive

Subject Property

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area highlights

Koreatown

Local Culture Meets Luxe StyleKoreatown is a gorgeous and densely packed three-quarter mile community offering a delightful fusion of history and hipsters. With its labyrinth of bistros, coffee shops, boutique hotels and endless shopping in readapted art deco structures with terra cotta facades, it has an approachable urban aesthetic that both charms and infuses this historic neighborhood with a life that is excitingly new. Local values and luxe style blend with ease and have transformed this area just west of downtown into one of the hippest neighborhoods around. Koreatown is in full boom.

A Clash of Culture, Coffee and Culinary DelightsKoreatown never sleeps. It is known for having one of the largest concentration of bars, coffee shops and 24 hour restaurants and businesses in Southern California.

vibrant & HipWith the opening of the trendy Line Hotel and its accompanying Roy Choi-led amenities, including the much buzzed about rooftop greenhouse restaurant Commissary, Koreatown is steeped in all things uber-hip.

KOREATOWN

DEMOGRAPHIC COMPREHENSIVE K-TOWN

KOREATOWN

LONGITUDE LATITUDE

N/A N/A

©2015 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptionsor estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property todetermine to your satisfaction the suitability of the property for your needs. Source: Nielsen ProjectID:35410

“korEatown is known for having onE of thE largEst concEntration of bars,

coffEE shops and 24 hour rEstaurants and businEssEs

in southErn california.”

Koreatown

Subject Property


Area Restaurants Include

Taylor’s Prime Steaks

Palm Tree LA

The Prince Restaurant & Bar

Soo Won Galbi

S Bar

Honey Pig

Man Soo Korean BBQ

O O Kook Korean BBQ

OH MA Nee

Dong Il Jang Restaurant

Sabores Oaxaquenos

Wilshire Buffet

Togo’s Sandwiches

Avenue 2

Koreatown Shopping Malls Include

Koreatown Galleria

Madang Plaza Shopping Mall

Vermont Galleria

City Center on 6th

Koreatown Plaza

Grocery Stores Located within .1 mile to .5 mile of 8th & Harvard

Jons Marketplace

First Bargain

East West Market

Assi Super

Family Discount Store

Expresion Oaxaquena Market

Sahm Yook Foods Inc

Ralphs

Plaza Market

Hansamin USA Inc.

Olympic Korean Rice Cake

Triple Market World

3 P Market

Sunny Grocery

Food Picnic Day

Entertainment venues Located Near 8th & Harvard

Photo Studio Center

Robot Edutainment

The Wiltern

Korean American National Museum

CGV Cinemas Movie Theater

Main Theatre

New World Society

Shatto 39 Lanes

Tyche Films LLC

De Anza Land & Leisure Corp.

Martos Gallery

Vintage Hollywood

Grier Musser Museum

National Museum of Animals

Pan-Andreas Theater

Raleigh Studios Screening Rooms

Los Angeles Local Attractions – Within Convenient DrivingDistance

Grammy Museum

Walt Disney Concert Hall

Union Station

Dodger Stadium

Rodeo Drive

Natural History Museum of LosAngeles County

California Science Center

Santa Monica Pier

The Getty Center

Griffith Observatory

Autry National Center

Universal Studios

Warner Brothers Studios

Madame Tussauds Hollywood

Hollywood Walk of Fame

Area Retail Amenities

8th & Harvard is proximate to some of Koreatown’s best food, culture of shopping destinations.

“korEatown is in full boom.”

Area Retail Amenities

“korEatown’s architEcturally rich nEighborhoods fEaturE art dEco buildings with tErra cotta facadEs.”



Restaurants

Taylor’s Prime Steaks

Palm Tree LA

The Prince Restaurant & Bar

The Prince is well known bar in Koreatown because it has been used for many television series and movie productions, such as Criminal Minds , The Defenders , Mad Men , The New Girl , Eagleheart , Chinatown , Thank You for Smoking , and Prime Suspect , Anthony Bourdain’s new show The Layover and The Incredible Burt Wonderstone, among others.

Soo Won Galbi

S Bar

Honey Pig

Man Soo Korean BBQ

O O Kook Korean BBQ

OH MA Nee

Dong Il Jang Restaurant

Sabores Oaxaquenos

Wilshire Buffet

Togo’s Sandwiches

Avenue 2

Parks – distance from .3 miles to 1.6 miles

Ardmore Recreation Center

South Serrano Avenue Historic District

Normandie Playground

Shatto Recreation Center

Lafayette Park

Wilton Historic District

Harold A Henry Park

Robert Burns Park

MacArthur Park

Alvarado Terrace Historic District

South Bonnie Brae Tract Historic District

Terrace Park

Pico Union Park

Parkview Playground

Los Angeles High Memorial Park

© 2016 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified byeither CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take suchsteps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced.

Nearby Restaurants

Layout ID:L01 MapId:3466522

Nearby Restaurants


Nearby Restaurants



Nearby Restaurants



Nearby Restaurants



Nearby Restaurants




Shopping Malls – Koreatown

Koreatown Galleria

Madang Plaza Shopping Mall

Vermont Galleria

City Center on 6th

Koreatown Plaza

Groceries - .1 mile to .5 mile

Jons Marketplace

First Bargain

East West Market

Assi Super

Family Discount Store

Expresion Oaxaquena Market

Sahm Yook Foods Inc

Ralphs

Plaza Market

Hansamin USA Inc.

Olympic Korean Rice Cake

Triple Market World

3 P Market

Sunny Grocery

Food Picnic Day

Entertainment - .3 mile to 1.9 miles

Photo Studio Center

Robot Edutainment

The Wiltern

Korean American National Museum

CGV Cinemas Movie Theater

Main Theatre

New World Society

Shatto 39 Lanes

Tyche Films LLC

De Anza Land & Leisure Corp.

Martos Gallery

Vintage Hollywood

Grier Musser Museum

National Museum of Animals

Pan-Andreas Theater

Raleigh Studios Screening Rooms

Attractions – Within Driving Distance

Grammy Museum

Walt Disney Concert Hall

Union Station

Dodger Stadium

Rodeo Drive

Natural History Museum of Los Angeles County

California Science Center

Santa Monica Pier

The Getty Center

Griffith Observatory

Autry National Center

Universal Studios

Warner Brothers Studios

Madame Tussauds Hollywood

Hollywood Walk of Fame

Koreatown Area Highlights

27 | 800 South Harvard, Los Angeles, CA © 2016 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified byeither CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take suchsteps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced.

Koreatown Shopping Malls







Area Attractions

Koreatown


Transportation

Metro Purple Line 8th & Harvard is located near three Metro Purple Line subway portals at at Wilshire/Western, Wilshire/Normandie, and Wilshire/Vermont. The Purple line provides immediate access to the Metro Red Line with further service to Hollywood. The 7th St./Metro station is a tranfer point to the Blue Line. Located above its namesake station, Pershing Square is a popular spot for seasonal free concerts and outdoor screenings, or you can get a quick bite at the lively Grand Central Market. The Music Center (including Walt Disney Concert Hall, the Ahmanson Theatre and Mark Taper Forum, and Dorothy Chandler Pavilion) and the Museum of Contemporary Art (MOCA) are among the cultural destinations near the Civic Center station. The Purple Line ends at the landmark Union Station, where travelers can continue across the country to points north, south and east and access the Metro Gold Line and Metrolink. Not far from Union Station is El Pueblo de Los Angeles Historical Monument, site of the birthplace of what is now the city of Los Angeles. In addition to the monument’s museums and exhibits, bustling Olvera Street is popular for its array of merchants and Mexican dining spots.


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rent survey


Rent Comparables Map







Select Rent Comparables

THE VIEW3460 W 7th StLos Angeles, CA 90005Year Built: 1965Units: 170Occupancy: 94%Phone: 213.351.9711Owner: CIM GroupManager: CIM Group

Type Number of Units0 + 1 361 + 1 962 + 2 38

Concessions: 9% off market rates on all units, 16% off market rate on select 2BD/2BA, plus an additional $750 off of move-in.Amenities:

W/D In-Unit Stainless Steel Appliances Fitness Center WiFiHardwood/Carpet Floors Pool BBQ AreaCaesarstone Counters Sundeck Resident Lounge

K2LA688 S Berendo StLos Angeles, CA 90005Year Built: 2014Units: 144Occupancy: 97%Phone: 855.698.4014Owner: Century West PartnersManager: Greystar


Concessions: NoneAmenities:

W/D In-Unit Stainless Steel Appliances Nuvo Streaming Device BBQ AreaHardwood/Carpet Floors Walk-In Closets Fitness Center ClubhouseQuartz Counters Patio/Balcony Pool/Spa Cabanas and Lounge

$3,300 - $3,350 1,120 - 1,268 $2.64 - $2.95

COMPARABLE 2

PHOTO

Effective Rent

SELECT RENT COMPARABLES

COMPARABLE 1

PHOTO

Effective Rent Unit Square Feet Rent per SF

$3,200 - $4,200 1,241 - 1,357 $2.58 - $3.10

Unit Square Feet Rent per SF$1,900 - $2,120 462 - 628 $3.38 - $4.11

$1,925 - $2,350 518 $3.72 - $4.54$2,000 - $2,550 679 - 845 $2.95 - $3.02

$2,140 - $2,518 569 - 790 $3.19 - $3.76

0 + 1 21%

1 + 1 57%

2 + 2 22%

0 + 1 43%

1 + 1 49%

2 + 2 8%


Select Rent Comparables – Continued


WESTMORE3075 Wilshire BlvdLos Angeles, CA 90010Year Built: 2013Units: 127Occupancy: 94%Phone: 213.232.0111Owner: Jamison ServicesManager: Jamison Services



W/D In-Unit Stainless Steel Appliances Fitness Center Resident Lounge w/ Bar & GamesHardwood/Carpet Floors Exposed Concrete Ceilings Sauna Business Center & Conference RoomQuartz Counters Custom Draperies Media Room WiFi

THE VERMONT3150 Wilshire BlvdLos Angeles, CA 90010Year Built: 2014Units: 464Occupancy: 94%Phone: 213.388.3150Owner: Capri Capital PartnersManager: Greystar

Type Number of Units1 + 1 3092 + 2 155


W/D In-Unit Stainless Steel Appliances Garden Fitness CenterBamboo Wood/Carpet Floors Walk-In Closets BBQ Area Resident LoungeGranite Counters SkyBridge Pool Dog Run Ground-Floor Retail

$1,650 - $2,050 575 - 660 $2.87 - $3.11$2,400 - $2,700 915 - 960 $2.62 - $2.81

$2,550 - $3,650 606 - 768 $4.21 - $4.75$3,409 - $4,500 963 - 1,007 $3.54 - $4.47

COMPARABLE 4

PHOTO


COMPARABLE 3

PHOTO

Effective Rent Unit Square Feet Rent per SF$1,550 - $1,800 535 - 670 $2.69 - $2.90

0 + 1 30%

1 + 1 35%

2 + 2 35%

1 + 1 67%

2 + 2 33%


THE GARDENS AT WILSHIRE635 S Hobart BlvdLos Angeles, CA 90005Year Built: 2008Units: 159Occupancy: 99%Phone: 213.785.7951Owner: Watermarke PropertiesManager: Greystar


Amenities: W/D In-Unit Stainless Steel Appliances Pool/Spa & Sauna BBQ AreaCeramic Tile/Carpet Floors Walk-In Closets Fitness Center Lounge Areas w/FireplacesGranite Counters Patio/Balcony Rooftop Decks WiFi

VERSAILLES918 S Oxford AveLos Angeles, CA 90006Year Built: 2008Units: 225Occupancy: 98%Phone: 213.381.5000Owner: Equity ResidentialManager: Equity Residential

Type Number of Units1 + 1 128

1 + 1 Loft 122 + 2 68

2 + 2 Loft 17Concessions: NoneAmenities:

W/D In-Unit Stainless Steel Appliances Pool/Spa ClubhouseHardwood/Carpet Floors Walk-In Closets Fitness Center Wet/Dry SaunasGranite Counters Patio/Balcony Business Center Billiards Room

$1,945 - $2,115

956 - 1,008 $2.79 - $2.94$2,200 725 $3.03

$2.67 - $3.02

$2,050 - $2,350 685 - 765 $2.99 - $3.07$2,525 - $3,300 971 - 1,328 $2.48 - $2.60

COMPARABLE 5

PHOTO

Effective Rent Unit Square Feet Rent per SF$1,725 - $1,890 505 $3.42 - $3.74

601 - 649 $3.24 - $3.26

$2,810 - $2,815

COMPARABLE 6

PHOTO


$2,985 - $3,030 987 - 1,135

0 + 1 17%

1 + 1 43%

2 + 2 40%

1 + 1 57%

1 + 1 Loft 5%

2 + 2 30%

2 + 2 Loft 8%




WILSHIRE VERMONT STATION APARTMENTS3183 Wilshire BlvdLos Angeles, CA 90010Year Built: 2007Units: 449Occupancy: 95%Phone: 213.384.5800Owner: CalPERSManager: Greystar



W/D In-Unit Stainless Steel Appliances Fitness Center Pool/SpaHardwood/Carpet Floors Walk-In Closets (Select Units) Yoga Studio Ground-Floor RetailGranite Counters Concierge Conference Room On-Site MTA Access

© 2016 CB Richard Ellis, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty orrepresentation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not representthe current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and youradvisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

$1,913 - $2,161 705 - 719 $2.71 - $3.01$2,570 - $2,752 989 - 1,062 $2.59 - $2.60

PHOTO

Effective Rent Unit Square Feet Rent per SF$1,663 - $1,786 496 - 503 $3.35 - $3.55

COMPARABLE 7

0 + 1 25%

1 + 1 57%

2 + 2 18%



PERSPECTIVE

8th & Harvard Project Rendering



PERSPECTIVE

Affiliated Business DisclosureCBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

Confidentiality AgreementThis is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the

“Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum.

The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.

Disclaimer© 2016 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

investment contacts

offer due date: weDnesDay, april 27, 2016 by 5:00pm

For more information, please visit the property website: www.800southHarvard.com

Laurie Lustig-BowerExecutive Vice President+1 310 550 [email protected]. 00979360

Kamran PaydarSenior Sales Director+1 310 550 2529 [email protected]. 01242590

© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

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