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GROSVENOR SQUARE

swc rOSECRANS sT & sPORTS aRENA bLVD, sAN dIEGO, ca 92110

This Agre gley 4350 La ement must be Jolla Villa signe Jenna Lan ge Drive d and retur ) attn: ned to (fax you have , Suite 6. Brokerage Entities. Buyer has been If advised that any Grubb & Ellis|BRE Commercial is acting Grub 500,(“G&E|BRE”) b & Ellis| 630-6320 please questions Diego on (858 behalf) of Owner as exclusive broker in connection thectproposed sale of the Property, andSan Owner has agreed to Mconta BRE Com , CA NDUwith Jenna Langl regarding this ent to 92122 ORA pay a commission to G&E|BRE upon aMEM sale of the Property in accordance with agreement between Owner and, (858) 630-6 mercial, attn: eyaatseparate RING (858) 546-5agreement, or IN WITN Jenn 320 (fax), OFFEshall be conducted through By executing this document,if Buyer G&E|BRE. All negotiations ESSG&E|BRE. you do and 466. jlangley@ a Langley. WHEREOF EASE OFIMS not receiv breb.com. Buyer’s REL Broker (if applicable) acknowledge that Buyer’s Broker, as theprocuring e a packa Buyer has agent for Buyer, shall not ENT AND VER OF CLA ”) G&E|BRE. ge after caused receive Owner pertyor WAI any compensation from AGREEM AND return of BUYER: this Agree (“Pro 92110 this agree s ment to California ment, be duly of Claim er hold Diego, Waiv to Signe indemnify and harmless G&E|BRE and Owner, their respective executed as 40-18, San Buyer’s Broker and Buyer agree um and d: of the date 441-5 orand affiliates, partners, subsidiaries, reasonable attorney’s fees arising out of any claim or claims by any broker, finder or APN: set forth ing Mem Offer above. of but similar agent (including not limited to Broker) By: for commissions, fees or other compensation for bringing about any Release sale(s) the Property. forofthe for the r ment (Writby Owne Address: ble and Agree , 2008 by owned e in name a possi signe Property in evaluating ofand ther) Agreement r rty above. 7. Miscellaneous ating certain Title: tration Buye Prope nced Regis its the evalu dated refere assist and This nt”) is Buyer is n”), and, to ation concerning hed to Buyer ment Property a) sactio Assignment; Binding Effect.furnis All of the covenants, (“Agreemeregarding the sentatives. “Tran Agree conditions and obligations contained in this any: r inform umComp of this successors, permitted assigns and designees of Owner, Buyeand um Repre r (the Agreement shall be binding inure to thebeing benefit of the respective the upon (“Buyer”) sions to orand orand Owne ble provi Mem Mem thethis Agreement. fromand the successors Phone: availa of Buyer. ing Buyer may notwith assign Offering Property 1. red to maketion to the Offerin accordance or asing the r is prepa condi sentation its orandum forth. of purch r, Owne um”). As a ing Memb) Fax:be invalid or set s any Severability. If any provision thisrepre Agreement purpose r nor shall be determined to orand with Owne makeof Offer r Owne hereinafter ing thereby, and every provision of this made or transaction “Offering Mem s to treat the unenforceable, Agreementneithe shall not beOffer affected actions the remaining provisions tives hasof this (the n other agrees that r’s use of the r agree rand with permitted by law. E-Mail: BuyeER’S tenants remainRepre in fullsenta force and BUY effect enforceable to the fullest Buye hereto extent ives, Buye taking certai Agreement shall r nor its Memorandum. BROKER parties ing from the (if Representat or abstain from er Owne ing ives result between applic sentatExcept anty. Neith ss of thec)Offer Repre and to take Signe Survival. asment, otherwise provided in thisable): Agreement, Owner and Buyer agree that the agree of Warr d: letene written any of its and wledg r orwarranties Disclaimer acy or comp covenants, survive theescompletion of the services and the definitiverepresentations contained herein shall 2. to Buye in aAgreement. ssly ackno of any the accur liabilitytermination By: forth of this nty any f. regarding Buyer expre ssly set on or warra ed herein, herein, warranty ives shall havemay be expre terms hereo entati forth the defin set (Writ repres Addre t as e inofname use is AND Representatum, except as accordance with ut any ss: contained d) Waiver. party’s waiver other’s of any term, covenant or condition such s. ExcepNeither as the witho of signebreach ES ANY in E esy and and Claim HAV and Audit Memoranda Transaction in this Agreement shall be deemed toTitle: be a waiver of any subsequent the same or any other term, covenant or BY WAIVr)breachTof to Warranties solely as a court Memorandum ER HERE BUYER MIGHTING TO er of respect ing condition in this Agreement. r, BUY AND provided and Waiv being RELA the Offer um by Owne Company: OR DEM OR TYPE, Release um is t and use orand 3. ACTION KIND Memorand ment to accepOfferinge)Mem Governing Agreement shall be governed by and construed in accordance with the laws SES OF Law. This OF ANY agree Offering Phone: rty of the MS, CAUOR IMPLIED, that the part of Buyer’s of California. releaseof the State TS, CLAI to the Prope , on for the regard L RIGH TY, EXPRESS review kind. As nce with due diligence or the considerati Fax: POTENTIA WARRAN and as its rty due diligecondu OF f) Entire Agreement: Modification. ThisctAgreement constitutes the entire agreement of the parties AL OR cting nify, r, the Prope M. condu ALL ACTU G ANY FORM NDU be all times or otherOwne indem concerning its subject matter. There are no promises agreements, or written, or implied, between ORA r willoral ut express they will Buyer shall at or expense to E-Mail: es Buye REGARDINRING MEM Witho and r. them other than as set forth in this Agreement concerning the subject matter of this Agreement. No change or wledg cost ment. rty, Buye loss, of r ackno Agree Prope itywaiver writtenand signed by duly authorized THE OFFE of this damage, nsibil modification of, or under, this Agreement unless itexpre is insswriting t at the shall be hvalid ence. Buye not cause sole respo asoftoOwner b any tenanst any such breac ut Owner’s Due Dilig is the representatives Buyer. so distur 4. witho orand diligence in a manner and again ere with Property such due inations not interf rty harmless from tenant of the and that whole by any and exam and so as to Prope , be made r contact inspections the Property Owner and the could not by law or in equityce shall Buye of Owner ed and hold tenants no event in[THE performan REST OF THIS PAGE INTENTIONALLY FOLLOW ON NEXT PAGE.] be entitl SIGNATURES breached,LEFT defend, mayBLANK. fees, specific ment is protect, on the foregoing, which it compellingnable attorney’s if this Agree remedy to order limitation that an reaso wledges on to any other ment, and to including tives hereunder. consent. Buyer ackno r, in additi senta expenses, this Agree Remedies. rdingly, Owne nt breaches of all costs and r and its Repre 5. Acco preve r for of Buye damages. an injunction to urse Owne obligations to monetary shall reimb y enforces the4350 entitled Buyer ssfull La Jolla shall be Village Agreement.r if Owner succe Dr # 500, of this San Diego, Page 3 by Owne CA 92122 of 3 of 3 om incurred Page 1

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signed

Agreem

ATION REGISTR

To OBTAIN OFFERING MEMORANDUM, Click Here for the confidentiality agreement

highlights •

Tenants include: PetsMart, Sprint, Starbucks, Chipotle, Jennifer Convertibles, Mattress Discounters, L&L Hawaiian BBQ, The Vitamin Shoppe and others.



Surrounded by Target, Home Depot, Ross, Staples, Ralphs, TJ Maxx, Henry’s, Circuit City, 24 Hour Fitness, Sport Chalet, Big Lots and many other national retailers



Regional trade area with approximately 125,000 customers in a three-mile radius

Page 2 of 3 p| 858.546 ercial.c .5400 recomm f| 858.630 www.b .6320 .6320 4350 La Jolla Village Dr # 500, San Diego, CA 92122 p| 858.546.5400 f| 858.630.6320 www.brecommercial.com f| 858.630 .5400 p| 858.546 CA 92122

4350 La

Jolla Village

Dr # 500,

www.b

recomm ercial.c

om

San Diego,

Net Leased Investment Group

Independently Owned and Operated

CHUCK KLEIN 858.546.5473 [email protected]

KEVIN HELD 858.546.5428 [email protected]

CA License: 01522766

CA License: 01240358

4 3 5 0 L a J o lla V illage D rive , S uite 5 0 0 , S an D ieg o , C A 9 2 1 2 2 | ( 8 5 8 ) 5 4 6 - 5 4 0 0 | Fa x ( 8 5 8 ) 6 3 0 - 6 3 2 0

w w w. b r e c o m m e r c i a l . c o m

GROSVENOR SQUARE

swc rOSECRANS sT & sPORTS aRENA bLVD, sAN dIEGO, ca 92110

OFFERING SUMMARY $8,900,000

N 76

Oceanside Municipal Airport

d Blv Oceanside

OCEANSIDE

ESCONDIDO

San Marcos

rt Palomar Airpo

San M

.

Rd.

Lake San Marcos Sutherland Reservoir

5

El Cam

Lake Hodges

ino De l Norte

.

Ca

no

i m

.

SORRENTO MESA

d era Pom

MIRAMAR

Ge n

oa Av

e.

Montgomery Field Airport

Vi

Ingraham

Friars

El Cajon

St. ley ise Val Parad

CORONADO

Upper Otay Reservoir

vd.

dway Hollister

5

Main St.

y Can ph

Rd on

.

Otay Lakes R

Lower Otay Reservoir

Otay Va

OTAY MESA

y

Rd .

t Lom

le g Te

l le

W Poin

vd a Bl

805

Broa

ipay One Center at the Sports Arena

Proposed 125

54

CHULA VISTA

Taylor St

San Diego River

r

Sweetwater Reservoir

ty Bl

IMPERIAL BEACH

ay D

94

Jamacha

NATIONAL CITY

Point Loma

Blvd.

on B

Rd.

Loveland Reservoir

Riverwalk Golf Club

Lemon Grove

125

Market

El Cajon 54

125 94

on nder Constructi U

Ro s

8

Blvd.

15

8

Main St.

Lake Murray

San Diego Airport Lindberg Field

d tran

s si

R d.

nal Ci

Mi

g

Natio

W

Go r

DOWNTOWN

Rd Friars Harbor Dr.

S ver Sil

aerial

ion

Rd.

r.

North Islan d Nava l Air Statio n

r Sea World D

iss

MISSION VALLEY

Ba yD

Lake Jennings

Gillespie Field

163

Cli Su ffs nse Blv t d. ec ran s

Mi s si on

Santee

Santee Lakes

805

e.

El Capitan Reservoir

67

e

d. Blv

MISSION BEACH OCEAN BEACH

Balb

oR

52

M

La Jolla

5 nd Av

Gra

PACIFIC BEACH

L in da

see

t

Mission Bay

KEARNY MESA

52

San Vicente Reservoir

15

Miramar Naval Air Station

es

Ard a

TonrreesyRd . Pi

Po

Miramar Reservoir

. Miramar Rd

Rd sta

POWAY w ay Rd.

d.

Pines

Sorr

Va

ento

Blvd

lley

ck Mountain Rd.

To

SORRENTO VALLEY

LA JOLLA

No rte

n Rd.

Bla

97%

el

Scripps Poway Parkway

University of San Diego N.

rr e y

Percentage Leased:

D

ou i nt a

DEL MAR

Carmel

56

eights r H Del Ma

M

4.918 acres

ll e Via De La Va

.

SOLANA BEACH

Bl vd

ch est er

RANCHO BERNARDO

hway

Pomerado Rd

D

ig Dios H el

ra

Blvd.

Ave.

Encinitas

n Ma

Land Area:

78 78

ENCINITAS

56,006

15

Ra nc h

Leucadia

Lake Wohlford

Dixon Reservoir

arcos Blvd.

o

12.25%

Rentable Square Feet:

78 Re al Palomar Airport

d.

no

CARLSBAD

Cap Rate:

VISTA

i C am

$1,090,157

El

Year 1 Pro Forma NOI:

.

Santa Fe R d

Asking Price:

REGIONAL MAP CAMP PENDLETON MARINE CORPS BASE

Brown Field MunicipalAirport

Otay Mesa Rd.

TIJUANA

Old Town Trolley Station

Sports A rena Blv d

Old Town SUBJECT

t

sS r an

Ro

ec

s

Sav.on

Point Loma

Independently Owned and Operated

tt Ave Barne

Pa cifi c

H ig hw a

y

Net Leased Investment Group CHUCK KLEIN 858.546.5473 [email protected]

KEVIN HELD 858.546.5428 [email protected]

CA License: 01522766

CA License: 01240358

Information contained herein has been obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. S:\Grosvenor Square\Flyer\grosvenor_flyer.indd