1245 EAST SOUTHERN AVENUE MESA, ARIZONA

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1245 EAST SOUTHERN AVENUE MESA, ARIZONA EXCLUSIVELY PRESENTED BY: ARI SPIRO PRESIDENT O: 480.634.8596 C: 480.292.

1 1245 EAST SOUTHERN AVENUE MESA, ARIZONA EXCLUSIVELY PRESENTED BY: ARI SPIRO PRESIDENT O: C: SEAN STUTZMAN PRINCIPAL O: C:

2 TABLE OF CONTENTS EXECUTIVE SUMMARY Page 3 PROPERTY OVERVIEW Page 4 PROPERTY PHOTOS Page 6 LOCATION OVERVIEW Page 7 RENT ROLL Page 11 RENT PROJECTIONS Page 13 PROFORMA ANALYSIS Page 14 SITE PLAN Page 15 TENANT PROFILES Page 16 LEASE COMPARABLES Page 19 AREA OVERVIEW Page 21 DEMOGRAPHICS Page 22

PROPERTY SUMMARY SALE PRICE $12,535,000 PRICE PER SF $157.19 NOI $784,219 ACTUAL CAP RATE 6.3% PROFORMA CAP RATE 7.0% OCCUPANCY 92% LOT SIZE BUILDING SIZE 6.

3 PROPERTY SUMMARY SALE PRICE $12,535,000 PRICE PER SF $ NOI $784,219 ACTUAL CAP RATE 6.3% PROFORMA CAP RATE 7.0% OCCUPANCY 92% LOT SIZE BUILDING SIZE 6.92 Acres 79,743 SF YEAR BUILT 1986 YEAR RENOVATED 2014 ZONING CROSS STREETS TRAFFIC COUNT LC Southern & Stapley 35,628 VPD (Stapley) 18,035 VPD (Southern) EXECUTIVE SUMMARY PROPERTY HIGHLIGHTS El Super Anchored Center - High Volume Grocer Included in Offering with 58 Locations Pad Building Included - Brand New 10-year Lease with Señor Taco Infill Location One-Half Mile from US ,000 Vehicles per Day Strong Population within 3-Mile Radius (147,100 Residents) Ability to Place New Financing High Traffic Intersection - Over 53,000 VPD 3

The center is currently 92% occupied by both national and local tenants,

4 PROPERTY OVERVIEW La Gran Plaza is a 79,743 square foot neighborhood center, anchored by El Super. The center is currently 92% occupied by both national and local tenants, including El Super, Freeway Insurance, Boost Mobile, Lenny s Burgers, and Señor Taco. CLICK HERE FOR PROPERTY VIDEO 4

5 65% Leased to High Volume Grocery Store through 2030 Lease Renewals by Year Limited Tenant Rollover 5

6 ATTRACTIVE RECENT REMODEL 6

7 LOCATION MAPS 7

8 HIGH TRAFFIC LOCATION +/- 53,000 VPD at Intersection +/- 212,000 VPD at Superstition Freeway +/-212,000 VPD SOUTHERN AVENUE 18,035 VPD 35,089 VPD STAPLEY DRIVE 8

9 DENSE INFILL LOCATION 415,000 Residents (5 miles) $67,000 Average Household Income 9

MESA, AZ With a population of nearly 500,000, Mesa, Arizona is the 36th largest city in the United States and second largest in the Phoenix-Mesa metro area and is larger than Miami, Minneapolis,

10 MESA, AZ With a population of nearly 500,000, Mesa, Arizona is the 36th largest city in the United States and second largest in the Phoenix-Mesa metro area and is larger than Miami, Minneapolis, Atlanta and St. Louis. Considered the center point of the region s population, this city is commonly recognized as a top city to live in. Mesa was named one of the Best Cities for Families by Parenting magazine due to top achieving public schools and a constantly growing labor force. Leading employers like Boeing and Banner Medical Centers benefit from Mesa s well-educated workforce, more than 33% of which have an associates degree or higher. 10

11 RENT ROLL Unit(s) Tenant Square Footage Percent of Center Lease Term Monthly Rent Annual Rent CAM Admin Fee Security Deposit Rental Increase Date Amount PSF ANCHOR El Super 52, % 11/11/15 to 11/11/30 $ 27, $ 334,200 $ 159,271 $ - 11/11/20 $ 30, $ 7.04 Bodega Latina Corporation $ 0.53 $ 6.40 $ /11/26 $ 33, $ 7.74 Option Period 11/11/31 $ 37, $ /11/36 $ 40, $ /11/41 $ 44, $ Notes/Options: Three, Five Year Options with 10% Increases. PAD Senor Taco 2, % 04/01/17 to 03/31/28 $ 5, $ 65,772 $ 3,045 15% - Taxes $ - 10/01/17 $ 2, $ $ 2.25 $ $ % - CAM 04/01/18 $ 5, $ /01/19 $ 5, $ /01/20 $ 5, $ /01/21 $ 5, $ /01/22 $ 5, $ /01/23 $ 6, $ /01/24 $ 6, $ /01/25 $ 6, $ /01/26 $ 6, $ /01/27 $ 6, $ Notes/Options: One, 10-year Year with 2% Annual Increases. Personal Guaranty. 03 Available 3, % $ 4, $ 56,196 $ 10,646 $ 1.50 $ $ Available 2, % $ 4, $ 53,496 $ 10,135 $ 1.50 $ $ Lenny's Burgers 1, % 05/03/10 to 05/31/20 $ 2, $ 25,257 $ 5,207 15% - Taxes $ 2, /01/17 $ 2, $17.37 $ 1.38 $ $ % - CAM Option Period 06/01/20 $ 2, $ /01/22 $ 2, $ /01/23 $ 2, $ /01/24 $ 2, $ Notes/Options: One, Five Year Option - Fixed at $18.23 psf for 1st 30 months and then 5% annual Increases. Personal Guaranty Dental One 3, % 03/01/17 to 02/28/28 $ 6, $ 74,008 $ 11,471 15% - Taxes $ 6, /01/18 $ 6, $ $ 1.83 $ $ % - CAM 03/01/19 $ 6, $ /01/20 $ 6, $ /01/21 $ 6, $ /01/22 $ 7, $ /01/23 $ 7, $ /01/24 $ 7, $ /01/25 $ 7, $ /01/26 $ 8, $ /01/27 $ 8, $ Notes/Options: One, 10-year Year with 3% Annual Increases. Personal Guaranty. 11

12 RENT ROLL Unit(s) Tenant Square Footage Percent of Center Lease Term Monthly Rent Annual Rent CAM Admin Fee Security Deposit Rental Increase Date Amount PSF Western Wear 3, % 12/14/15 to 12/31/27 $ 7, $ 87,312 $ 12,406 15% - Taxes $ 4, /01/21 $ 7, $ Discoteca Tania $ 2.00 $ $ % - CAM 01/01/22 $ 7, $ /01/23 $ 7, $ /01/24 $ 8, $ /01/25 $ 8, $ /01/26 $ 8, $ /01/27 $ 8, $ Notes/Options: Tenant recently expanded into Suite My Peak Wireless 1, % 03/07/17 to 03/16/22 $ 2, $ 34,200 $ 3,684 $ 3, /17/18 $ 2, $ $ 2.38 $ $ /17/19 $ 3, $ /17/20 $ 3, $ /17/21 $ 3, $ Notes/Options: One, 5-Year Option with 3% annual increases. 18 Seven Plus Water 1, % 06/09/17 to 06/08/22 $ 2, $ 24,804 $ 4,126 15% - Taxes $ 3, /09/18 $ 2, $ $ 1.71 $ $ % - CAM 06/09/19 $ 2, $ /09/20 $ 2, $ /09/21 $ 2, $ Raspados 1, % 03/17/17 to 03/16/22 $ 2, $ 30,000 $ 4,092 15% - Taxes $ 2, /17/18 $ 2, $ $ 2.08 $ $ % - CAM 03/17/19 $ 2, $ /17/20 $ 2, $ /17/21 $ 2, $ Notes/Options: One, 5-Year Option with 3% annual increases. Personal Guaranty. 20 Boost Mobile 1, % 07/07/15 to 07/31/20 $ 2, $ 26,400 $ 4,092 15% - Taxes $ - 08/01/17 $ 2, $ $ 1.83 $ $ % - CAM 08/01/18 $ 2, $ /01/19 $ 2, $ Notes/Options: Personal Guaranty. 21 Stapley Pharmacy 1, % 02/11/16 to 02/28/21 $ 2, $ 28,728 $ 4,082 15% - Taxes $ 1, /01/18 $ 2, $ $ 2.00 $ $ % - CAM 03/01/19 $ 2, $ /01/20 $ 2, $ Notes/Options: One, 5-Year Option with 3% annual increases. Personal Guaranty. 22 Freeway Insurance 4, % 08/03/16 to 01/02/22 $ 5, $ 64,626 $ 15,198 $ 7, /03/18 $ 5, $ $ 1.21 $ $ /03/19 $ 5, $ /03/20 $ 5, $ /03/21 $ 6, $ Notes/Options: One, 5-Year Option with 3% annual increases. OCCUPIED 73, % $ 66, $ 795,307 $ 226,674 $ 31, $ 0.90 $ $ 3.08 AVAILABLE 6, % $ 9, $ 109,692 $ 20,781 $ 1.50 $ $ 3.41 TOTALS 79,743 $ 75, $ 904,999 $ 247,455 $ 0.95 $ $

13 5-YEAR PROJECTIONS Income & Expense Projections Base Rental Revenue $ 913,843 $ 921,543 $ 934,837 $ 975,593 $ 987,843 CAM Recapture Administration Fee $ 260,819 $ 268,644 $ 276,703 $ 285,004 $ 293,554 $ - $ - $ - $ - $ - Scheduled Gross Income $ 1,174,662 $ 1,190,187 $ 1,211,540 $ 1,260,597 $ 1,281,397 Less Vacancy Factor Actual $ (34,060) 5% of Shops $ (34,096) $ (35,189) $ (33,494) $ (33,232) Less Total Operating Expenses $ (260,819) $ (268,644) $ (276,703) $ (285,004) $ (293,554) Net Operating Income $ 879,783 $ 887,448 $ 899,647 $ 942,099 $ 954,610 CAP Rate 7.02% 7.08% 7.18% 7.52% 7.62% Less Debt Service $ (558,878) $ (558,878) $ (558,878) $ (558,878) $ (558,878) Return on Equity $ 320,906 $ 328,570 $ 340,770 $ 383,222 $ 395,733 Cash on Cash Return 10.24% 10.48% 10.87% 12.22% 12.62% Principal Paydown $ 170,186 $164,293 $171,515 $179,056 $186,867 Total Return $ 491,092 $ 492,863 $ 512,285 $ 562,278 $ 582,600 Total Return (%) 15.66% 15.72% 16.34% 17.94% 18.58% 13

14 PROFORMA ANALYSIS Income & Expense Information January 2018 Year Forward Projections OPERATING EXPENSES Base Rental Revenue $ 804,151 $ 913,843 CAM Recapture $ 240,887 $ 260,819 Scheduled Gross Income $ 1,045,038 $ 1,174,662 Less Total Operating Expenses $ (260,819) $ (260,819) Scheduled Gross Income $ 784,219 $ 913,843 Less Vacancy Actual $ (34,060) 5% of Shop Space Net Operating Income $ 784, % $ 879, % Less Debt Service $ (558,878) $ (558,878) Return on Equity $ 225, % $ 320, % Principal Paydown $ 170,186 $ 170,186 Total Return $ 395, % $ 491, % REPAIRS/MAINTENANCE R&M - Contract Services $ 3,558 $0.04 psf R&M - Miscellaneous Exterior $ 4,772 $0.06 psf R&M - Locks & Keys $ 997 $0.01 psf R&M - Roofing $ 180 $0.00 psf R&M - Monument Signs $ 60 $0.00 psf R&M - Painting $ 40 $0.00 psf R&M Plumbing $ 1,195 $0.01 psf R&M - Lighting $ 2,648 $0.03 psf R&M - Landscaping $ 2,833 $0.04 psf Dayporter $ 4,733 $0.06 psf Sweeping $ 8,724 $0.11 psf Landscaping - Contract $ 6,600 $0.08 psf Landscaping - Tree Maintenance $ 620 $0.01 psf Lighting - Contract $ 6,597 $0.08 psf Security $ 77,233 $0.97 psf Fire/Life Safety - Contract $ 175 $0.00 psf TOTAL REPAIRS/MAINTENANCE $ 120,965 $1.52 psf List Price of $12,535,000 $ psf Actual Cap Rate of 6.3% Proforma Cap Rate of 7.0% UTILITIES Electricity $ 6,985 $0.09 psf Waste Contract $ 3,090 $0.04 psf Proposed New Financing Property Value $12,535,000 Waste Extra $ 335 $0.00 psf Water $ 10,113 $0.13 psf TOTAL UTILITIES $ 20,523 $0.26 psf Proposed Loan to Value 75% MANAGEMENT Property Management Fee $ 40,800 $0.51 psf Downpayment $3,135,000 Association Fee $ 3,048 $0.04 psf Loan Amount $9,400,000 TOTAL MANAGEMENT $ 43,848 $0.55 psf Interest Rate Amortization Period 4.31% 30 Years PROPERTY TAXES Property Taxes $ 61,147 $0.77 psf TOTAL PROPERTY TAXES $ 61,147 $0.77 psf Loan Due Annual Debt Service 10 Years $558,878 INSURANCE Insurance - Property $ 14,336 $0.18 psf Monthly Debt Service $46,573 TOTAL INSURANCE $ 14,336 $0.18 psf TOTAL ESTIMATED EXPENSES $ 260,819 $6.54 psf 14

15 SITE PLAN 15

ANCHOR TENANT Bodega Latina Corporation, doing business as El

in South Gate, California in June of 1997.

exceptional service and quality products in clean, modern and

16 ANCHOR TENANT Bodega Latina Corporation, doing business as El Super, entered the grocery retail marketplace with its first store in South Gate, California in June of Now, with 58 locations in 5 states, El Super is headquartered in Paramount, California. El Super is focused on offering the communities they serve exceptional service and quality products in clean, modern and welcoming stores. More importantly, El Super is committed to offering customers unbeatable prices on the products they love to cook for their families. 16

17 EL SUPER LOCATIONS El Super currently operates 58 stores in 13 counties throughout California, Arizona, Nevada, New Mexico and Texas. 17

TENANT SUMMARIES FREEWAY INSURANCE Freeway Insurance is part of the Confie Seguros family of companies.

Among the top 25 Property and Casualty agencies in the U.S.

BOOST MOBILE Boost Mobile is a wireless telecommunications carrier, which is a subsidiary of Sprint Nextel.

18 TENANT SUMMARIES FREEWAY INSURANCE Freeway Insurance is part of the Confie Seguros family of companies. Confie Seguros is the largest, privately-held insurance broker in the United States and one of the top 20 global insurance brokers in the world, according to A.M. Best. Among the top 25 Property and Casualty agencies in the U.S., as ranked by Insurance Journal, Freeway Insurance has the flexibility to offer a true variety from the most basic plans to premium insurance policies. BOOST MOBILE Boost Mobile is a wireless telecommunications carrier, which is a subsidiary of Sprint Nextel. Boost Mobile was founded in the year 2000, where it quickly expanded to an international company. The firm has thousands of locations across the US as well as in Australia and New Zealand. Additionally, Boost Mobile has products in many partnered locations, such as Best Buy, Target, Walmart, Walgreens, and many more. SEÑOR TACO Senor Taco began in San Diego in The shop was first brought to Arizona through a Fountain Hills location opened in the year With success in Fountain Hills, Senor Taco grew their brand to East Mesa and has continued to grow now operating nine restaurants in Arizona with more soon to come. Senor Taco s success can be attributed to their quality products and responsible staff, ensuring the best customer experience. LENNY S BURGERS In 1984, with a long time friend and mentor, Leonard Lenny Fleszar set out to create a quick serve burger concept that would satisfy thousands and thousands of Arizona families for the past 25+ years. Starting with less than a 10 items on the menu including burgers, fries, and drinks, the Fleszar family has turned this concept into the exceptional family oriented establishment it is today. Today Lenny s Burgers is a thriving valley business with five convenient locations. *Partial List 18

LEASE COMPARABLES SUBJECT PROPERTY SEC Southern Ave & Stapley Dr LEASE RATE:

81 NNN (Shops) 79,743 SF OCCUPANCY: 92% YEAR BUILT: 1986 RENOVATED: 2014 1 /

190,172 SF OCCUPANCY: +/- 80% YEAR BUILT: 2008 2 / STAPLEY @ 60 3 / COPPER BELL

SF OCCUPANCY: +/- 55% YEAR BUILT: 1987 RENOVATED: 2016 NEC Southern Ave &

19 LEASE COMPARABLES SUBJECT PROPERTY SEC Southern Ave & Stapley Dr LEASE RATE: LEASE RATE: BUILDING SF: $6.40 NNN (El Super) $20.81 NNN (Shops) 79,743 SF OCCUPANCY: 92% YEAR BUILT: 1986 RENOVATED: / MESA RANCH PLAZA NWC Southern Ave &Stapley Dr LEASE RATE: $24 NNN BUILDING SF: 190,172 SF OCCUPANCY: +/- 80% YEAR BUILT: / 60 3 / COPPER BELL PLAZA NEC Stapley Dr & Superstition Fwy LEASE RATE: $20 NNN BUILDING SF: 91,970 SF OCCUPANCY: +/- 55% YEAR BUILT: 1987 RENOVATED: 2016 NEC Southern Ave & Stapley Dr LEASE RATE: $12-$16 NNN BUILDING SF: 16,141 SF OCCUPANCY: +/- 65% YEAR BUILT: 1987 RENOVATED: 2014 PHX66 19

LEASE COMPARABLES 4 / MESA SOUTH CENTER SWC Southern Ave & Gilbert Rd LEASE RATE: $13-$17 NNN BUILDING SF: 134,253 SF OCCUPANCY: +/- 82% YEAR BUILT: 1987 RENOVATED: 2014 5 / FOOD CITY MESA CENTRAL

PROPERTY LEASE RATE (NNN) BUILDING SF YEAR BUILT La Gran Plaza SEC Southern Ave & Stapley Dr Mesa Ranch Plaza NWC Southern Ave & Stapley Dr Stapley @ 60 NEC Stapley Dr & Superstition Fwy Copper Bell

20 LEASE COMPARABLES 4 / MESA SOUTH CENTER SWC Southern Ave & Gilbert Rd LEASE RATE: $13-$17 NNN BUILDING SF: 134,253 SF OCCUPANCY: +/- 82% YEAR BUILT: 1987 RENOVATED: / FOOD CITY MESA CENTRAL NEC Mesa Dr & Southern Ave LEASE RATE: $12-$15 NNN BUILDING SF: 19,800 SF OCCUPANCY: +/- 68% YEAR BUILT: 1976 Notes: Anchor (11,997 SF) Asking $10 NNN/$70 PSF for Sale PHX66 * SUBJECT PROPERTY LEASE RATE (NNN) BUILDING SF YEAR BUILT La Gran Plaza SEC Southern Ave & Stapley Dr Mesa Ranch Plaza NWC Southern Ave & Stapley Dr 60 NEC Stapley Dr & Superstition Fwy Copper Bell Plaza NEC Southern Ave & Stapley Dr Mesa South Center SWC Southern Ave & Gilbert Rd Food City Mesa Central NEC Mesa Dr & Southern Ave $ El Super $ Shops 52,220 - El Super 27,523 - Shops 1986 $ , $ , $ $ , $ $ , $ $ , TOTALS/ AVERAGES: $17.30 NNN 90,467 SF

AREA OVERVIEW POPULATION 415,776 *5 Mile Radius AVERAGE HOUSEHOLD INCOME $67,547 *5 Mile Radius DAYTIME POPULATION 568,184 *5 Mile Radius MESA, AZ: THE FIESTA DISTRICT (3 MILES FROM SUBJECT PROPERTY)

The Fiesta Commons shopping center sits north of US Highway 60 on the heavily traveled intersection of Alma School Road and Southern Avenue.

Adjacent to Fiesta Mall is Mesa Community College with over 40,000 students, making it the largest community college in Maricopa County.

Mesa Financial Plaza, a 16-story Class A office building is located on the southeast corner of the Alma School Road and Southern Avenue, and has over 310,000 SF of office space.

21 AREA OVERVIEW POPULATION 415,776 *5 Mile Radius AVERAGE HOUSEHOLD INCOME $67,547 *5 Mile Radius DAYTIME POPULATION 568,184 *5 Mile Radius MESA, AZ: THE FIESTA DISTRICT (3 MILES FROM SUBJECT PROPERTY) The Fiesta District of Mesa is a dense infill area of Metropolitan Phoenix with a diverse mix of office, education, health services, and retail. The Fiesta Commons shopping center sits north of US Highway 60 on the heavily traveled intersection of Alma School Road and Southern Avenue. The intersection is also home to Fiesta Mall, an enclosed super regional shopping center with over 926,000 SF of rent-able space. Adjacent to Fiesta Mall is Mesa Community College with over 40,000 students, making it the largest community college in Maricopa County. The area has seen a revitalization of millennial office space development with the opening of Centrica and Fiesta Corporate Campus, a 158,000 SF corporate campus located at Fiesta Mall. Mesa Financial Plaza, a 16-story Class A office building is located on the southeast corner of the Alma School Road and Southern Avenue, and has over 310,000 SF of office space. The city of Mesa has also been doing their part in redeveloping the area, as well with the recent development of the Fiesta District Police station: a $13.4 million dollar LEED certified structure located just south of the subject property on Grove Avenue. In addition, the city of Mesa has completed a $12 million dollar redevelopment on Southern Avenue, making the street more pedestrian friendly. Lastly, the city of Mesa announced in May that, after 20 years, the Fiesta District is getting a new multifamily development on one of the last undeveloped parcels of land. Also, located just east of the subject property will be Southern Avenue Villas. Southern Avenue Villas, expected to open in spring 2016, will bring 354 apartments and around 700 residents to the area around Fiesta Mall. The $41 million complex is being built on 20 acres at the southwestern corner of Southern Avenue and Extension Road. 21

DEMOGRAPHICS MAP 1 MILE 3 MILE 5 MILE TOTAL POPULATION (2017) 19,713 162,319 415,776 TOTAL HOUSEHOLDS 5,810 55,506 153,326 MEDIAN AGE 28.6 31.3 33.

22 DEMOGRAPHICS MAP 1 MILE 3 MILE 5 MILE TOTAL POPULATION (2017) 19, , ,776 TOTAL HOUSEHOLDS 5,810 55, ,326 MEDIAN AGE TOTAL FAMILIES 4,247 36,628 98,148 OWNER OCCUPIED HOUSING UNITS 3,063 27,027 82,566 RENTER OCCUPIED HOUSING UNITS 2,746 28,479 70,760 AVERAGE HOUSEHOLD SIZE AVERAGE HOUSEHOLD INCOME $54,688 $59,042 $67,547 source: esri 22

23 DISCLAIMER 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 EAST SOUTHERN AVENUE MESA, AZ 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 EAST STETSON DRIVE SCOTTSDALE, AZ OFFERING MEMORANDUM ARI SPIRO PRESIDENT O: C: ari.spiro@orionprop.com SEAN STUTZMAN PRINCIPAL O: C: sean.stutzman@orionprop.com

PARK LEE SHOPPING CENTER

PARK LEE SHOPPING CENTER 1615-1635 WEST CAMELBACK ROAD PHOENIX, ARIZONA CAMELBACK ROAD: +/-39,600 VPD 85% OCCUPIED CENTER WITH LEASE UP OPPORTUNITY STRONG NATIONAL TENANTS SITUATED NEAR LIGHT RAIL LISTED