INVESTMENT HIGHLIGHTS
 

RARE ORANGE COUNTY INDUSTRIAL INVESTMENT OPPORTUNITY WITH LONG-TERM TENANCY
►	Single-tenant NNN-leased industrial investment opportunity in one of the safest real estate markets in the county. The property serves as the longstanding headquarter location for Dr. Smoothie Brands, a subsidiary of Bevolution Group, a leading manufacturer of shelf-stable and frozen beverage products for the food service industry globally.
►	The Property, which was developed in 2003, was built to a level of detail most industrial buildings could only dream of: over $2M was spent to update the building beyond a standard industrial building. These upgraded improvements plus the costs the tenant would incur to replicate their improvements elsewhere (Approx. ± $3M) increases the likelihood of the tenant staying long term at the property.
►	The in-place NNN lease eliminates rollover risks during the near term, and provides durable cash flow, future upside as market rents escalate and ease of ownership. The in-place rent offers an attractive inflation-protected income stream, as evident by a ±11.5% increase between the first and fifth year of the holding period.
►	Founded in 1997, Dr. Smoothie's occupancy at the property has been continuous since construction completed in 2003, reflecting its deep commitment to this mission-critical location.
EXCEPTIONAL MARKET FUNDAMENTALS & ATTRACTIVE LOCATION
►	Orange County is one of the top investment markets in the Americas for the fifth consecutive year in 2020, according to CBRE’s Investor Survey. The county’s industrial fundamentals are among the tightest in the country, aided by strong demand and dwindling supply. Rent growth is projected to be more than 36% over the next 5 years, offering significant upside potential.
►	Fullerton, with one of the largest industrial inventories in the county, had a severely low vacancy of 4.0% in 2Q20 and an average asking NNN rent of $0.95/sf/mo. The Property “Airport Zone” with ±2.5MSF of industrial inventory, had a near-zero vacancy of ±1.4% in 2Q20.
►	Fullerton, sitting at the northern edge of Orange County, offers a strategic location that borders Los Angeles and the Inland Empire. The property’s location is exceptionally served by a multimodal transportation network that includes direct access to I-5 and SR-91, which provide one of the most convenient access routes to Los Angeles and Riverside Counties.
►	The Property’s surrounding 5-mile radius has a population of more than 650,000 people and annual household spending budget of $15.7 billion. The average annual household income is $95,858.