Jurupa Valley, CARIVERSIDE COUNTY

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y RARE SOUTHERN CALIFORNIA LOCATION y STRONG INTRINSIC VALUE: LOW IN PLACE RENT, CREATING A LOWER PRICE POINT AND BASIS y RELATIVELY NEW CONSTRUCTION, STATE-OF-THE-ART MEDICAL OFFICE y 15 YEAR LEASE WITH 10+ YEARS REMAINING AND 10% RENT INCREASES y STRONG FUNDAMENTALS – EXTREMELY LOW RENT PER SQUARE FOOT

Jurupa Valley, CARIVERSIDE COUNTY

®

TABLE OF CONTENTS

ALAZAR ASMAMAWE: alazar@lainvestors.comF: 323-282-5559 C: 310-987-6922LAINVESTORS.COM

Exclusively Listed by,

INVESTMENTOFFERING & HIGHLIGHTS

03

THE OFFERING y Completed in 2015, a relatively new construction 9,600± sq. ft. state-of-the-art medical office building located in Jurupa Valley, California leased to

TOTAL RENAL CARE, INC., and guaranteed by DAVITA, INC. for 15 years.

y Price: $5,125,000 - 5.22% Cap Rate based on July 2020 rent.

LEASE / TENANT y Strong Fundamentals – extremely low annual rent per sq. ft. of $25.35 – Future rental upside.

y Strong Intrinsic Value: low in place rent, creating a lower price point and basis.

y 15-year net lease with 10+ years remaining with 10% rent increases every 5 years.

y DaVita, Inc. (NYSE:DVA) is one of the fastest growing companies on the Fortune 500 with a total stockholder’s equity of $4.69 billion and 2017 revenues of $10.88 billion.

y DaVita treats 42% of all dialysis patients in the United States.

y Warren Buffett’s Berkshire Hathaway owns a 23% stake in DaVita, it’s third largest holding by ownership percentage.

REAL ESTATE / AREA STRENGTHS y Rare core Southern California located single tenant net lease investment opportunity.

y Strategically located in a highly trafficked retail corridor. Directly east of the property is a Stater Bros.grocer anchored center that includes national retailers such as Dollar Tree, Subway, Kmart, Chase, Payless, MetroPCS, First Bank, Taco Bell, Jack in the Box, KFC and Round Table Pizza. Additional traffic to the area is also attributed by the Indian Hills Elementary School, which is to the south of this center.

y Neighboring medical tenants include Riverside Medical Clinic.

y Also located adjacent to the site is a retail center which contains AT&T, Firestone, Wells Fargo and Great Clips among others. Additionally, Rite Aid and the Jurupa Valley Business Center are directly across Limonite Avenue.

INVESTMENT OVERVIEW

LEASELeased to TOTAL RENAL CARE, INC., and guaranteed by DAVITA, INC. for 15 years from a rent commencement date July 4th, 2015 and termination date July 3, 2030. The initial annual base rent is $243,434.76 with rental increases of 10% every five years throughout the initial term. There are two five-year options to extend the lease with a rental rate of 95% of fair-market-value (FMV). The lease is net, with the tenant responsible for taxes, insurance and maintenance. Landlord is responsible for foundation, roof and structure.

THE OFFERINGAn extremely rare opportunity to purchase a relatively new construction Davita in Southern California at an extremely low Price/Sqft. Newly constructed Davitas in SoCal rent and trade for approximately twice as much on a per square foot basis. New owner will have the opportunity to potentially double both rent and value upon expiration of the first lease term.

IMPROVEMENTSRecently completed in 2015, a relatively new construction 9,600± sq. ft. state-of-the-art medical office building.

LOCATION8080 Limonite Avenue in Jurupa Valley, California.

LOT SIZEApproximately 0.32 acres.

04

Rent Cap Rate Year 1 - 5 $243,435 4.75%Year 6 - 10 $267,778 5.22%Year 11 - 15 $294,556 5.75%Year 16 - 20 (Option 1) 95% FMRV TBDYear 21 - 25 (Option 2) 95%FMRV TBD

RENT SCHEDULE CURRENT RENT PER SQ. FT.$25.35 per sq. ft. per year - $2.11 per sq. ft. per month

PRICE: $5,125,000 — 5.22% Cap Rate Based on Year 2020 Rent

4

9,000 SF

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DE anza plaza dr

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SITE PLAN

SITE PLAN

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TENANT INFORMATION

The tenant is a 100%-owned DaVita subsidiary, “Total Renal Care, Inc.” Financial statements are not available.

DAVITA, INC. (“DAVITA”), formerly DaVita Healthcare Partners, Inc., a Fortune 500® company, is a leading provider of kidney care in the United States, delivering dialysis services and education to patients with chronic kidney disease and end stage renal disease. It is listed on the NYSE: “DVA.” As of Dec 31, 2017, DaVita operated or provided administrative services at 2,747 outpatient dialysis centers in the United States. The company also operated 237 outpatient dialysis centers located in 11 countries outside the United States. It was founded in 1992 and is headquartered in Denver.

For the fiscal year ended December 31, 2017, total revenues were $10.9 billion and a net income was $664 million. Total stockholder’s equity was $4.69 billion.

DaVita controls more than 33% of the U.S. dialysis market and Fresenius Medical Center controls a similar portion. The rest of the market is fragmented, served by hospitals and much smaller chains. Davita is treating 42.2 percent of all dialysis patients in the United States. They have cornered a serious share of the market as the greater portion of the American population continues to age, the demand for DaVita’s services will only increase. This is fueling the construction of new dialysis centers. During 2017, 160 new centers were opened, representing a total net increase of approximately 6.8 percent from 2016.

DaVita is rated “BB” by Standard and Poor’s. More information can be obtained at www.davita.com

ABOUT THE TENANT

ABOUT THE GUARANTOR – DAVITA HEALTHCARE PARTNERS, INC.

AERIALS

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AERIALS

08

405

605 1515 10

21515

10

210

10

5

110

110

405

5

15

215

15

5

210 210

18

60

60

91

74

7473

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241

13355

261

91

241

57

6060

91

134

101

Lakewood

Bellflower

Norwalk

Costa Mesa

North Tustin

Orange

Villa Park

Lake Forest

TrabucoCanyon

Mission Viejo

Aliso Viejo

Ladera Ranch

Silverado

PerrisNuevo

RunningSprings

Crestline

Highland

Muscoy

BloomingtonColton

Grand Terrace

San BernardinoFontana

RanchoCucamonga

RedlandsYucaipa

Calimesa

Winchester

MenifeeCanyon Lake

Lake Elsinore

LakelandVillage

Wildomar

Murrieta

Temecula

Fallbrook

San Clemente

Dana Point

Homeland

El Cerrito

RiversideLa Habra

RowlandHeights

Compton

Anaheim

FullertonYorba Linda

Corona

Norco

Eastvale

Moreno Valley

Woodcrest

Westminster

HuntingtonBeach

FountainValley

NewportBeach

Santa Ana

Laguna Beach

Laguna Niguel

Seal Beach

Rossmoor

Cypress

La Palma

Long Beach

Signal HillLomita

Torrance

Irvine

DowneySouth Whittier

Whittier

Lynwood

East LosAngeles

Alhambra

San MarinoArcadia Duarte

MayflowerVillage

HuntingtonPark

Westmont

Gardena

La Crescenta-Montrose

Glendora

Mt Baldy

Glendale Pasadena

Altadena

Covina

West Covina

Valinda

La PuenteDiamond Bar

PomonaOntario

ClaremontSan Dimas

Chino

Chino HillsJurupa Valley

Chino HillsState Park

Lake Mathews EstelleMountain Reserve

San BernardinoNational Forest

Los Angeles

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LOCATION MAP

Gold

en A

ve

Tyle

r St

215

60

60 91

91

60

Riverside

Jurupa Valley

GLEN AVON

MIRA LOMA

SUNNYSLOPE

PEDLEY

RUBIDOUX

Mt RubidouxPark

FaimaPark

Goose Creek Golf Club

Oak QuarryGolf Club

Oak QuarryGolf Club

Central Ave

Van Buren Blvd

Rubidoux Blvd

20th St

28th St

Hol

ly S

t N

Willson St

Avalo

n St

Jurapa Rd

Armst

rong

Rd

Love

land

D r

Karen Ln

Sandra Dr

30th St

36 th St

Hall A

ve

46 th St

34 th St

Wallace St

Magnolia Ave

Broc

kton

Ave

Palm

Ave

Monroe St

Adams St

Monticello Ave

Calif

orni

a Av

e

La Sierra Ave Hole Ave

Jurupa Ave

Rutland Ave

Crest Ave

Sandy Ln

Jones Ave

Jackson St

Cypress Ave

Nor

woo

d Av

e

Gramercy Pl

Pierce St

Valle

y Dr

Crestview Dr

Crest Ave

Essex StFrem

on

t St

Dewey Ave

Limonite Ave

Skyvie

w Rd

Peralta Pl

Clay

St

Linares Ave

Fels

par S

t

Cam

ino

Real

Bellegrave Ave

Marlatt St

Pyrit

e St

Galena St

Harrel St

Paci

fic A

ve

Opal

St

54th St54th St 54th St

58th St

56th St

60th St 61th St

Etiw

anda

Ave

Holmes AVE

55th St

Riverside Fy

Elsinoce Rd

Mai

n St

Oran

ge S

t

W Center StPlacentia Ln

Mai

n St

3rd St

Strong St

Arlington Ave

Martin Luther King Blvd

University Ave

Victoria Ave

Washington St

Madison St

Grand Ave

Jefferson St

Dufferin

Ave

Grace St

Maude St

Horace St

Lincoin Ave

Riverview Dr

Riverside Municipal Airport

LOCATION MAPLOCATION MAP

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Jurupa HillsCountry Club

Indian HillsGolf Club

Lake

side D

r

58th St

Sche

elite

St

60th St

Main St

Pedley Rd

Lakeview Ave

Riverdale

PlKennedy St

64th St

Arch

er S

t

Bake

r St

63rd St

Kels

ey P

l

Studio Pl

65th St

56 th St

Suns

et R

idge

Dr

Running Gait Ln

58th St

63rd St

Ba

ldwin Av

e

Yearling Way

Yearling Way

Pacer Way

Tamarind Ln

Eucalyptus St

Pedley Rd

Pedley Rd

Starview Dr

Greens

Dr

Lakeside Dr

Hea

rher

woo

d Dr

Mor

aga

Ave

Ave Juan DiazVega Ave

Jane St

William

sbur

g St

Star St

Fagin St

Janie St

Tayo St

Cross River Dr

Indain Camp Rd

Payt

on S

t

Wild

erne

ss A

ve

Ed Perkic St

Columbus St

Industrial St

El P

alomino

Dr

Live Oak Dr

Live O

ak Dr

Paisan

o Way

Stand

ish A

ve

Maria Dr

Palencia Dr

Quiroz Dr

Lippizan Dr

Skyloft DrVía Escalante

Sebastian Ave

Font AveSkyview Rd

Reagan Rd

Pico Ave

Claudette Dr

David Way

General Rd

Cam

ino

Real

Ridgeline Dr

Wendover Dr

Townsend Dr

Bria

n Ci

r

Gra

nd V

alle

y Tr

ail

Lansin

g Dr

Easton Dr

De Anza Plaza

Van Buren Blvd

Limonite Ave

Clay

St

Auld St

Julian Dr

PEDLEY

LOCATION MAP

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Population Summary 1 mile 3 mile 5 mile2000 Total Population 8,944 80,441 244,426

2010 Total Population 10,058 92,156 277,042

2014 Total Population 10,313 94,275 284,356

2014 Group Quarters 60 586 5,063

2019 Total Population 10,848 98,575 298,119

2014-2019 Annual Rate 1.02% 0.90% 0.95%

Housing Unit Summary2000 Housing Units Summary 2,799 23,396 75,546

Owner Occupied Housing Units 77.8% 65.9% 58.7%

Renter Occupied Housing Units 18.3% 30.3% 37.2%

Vacant Housing Units 3.9% 3.8% 4.1%

2010 Housing Units 3,103 25,380 82,077

Owner Occupied Housing Units 72.6% 62.2% 55.6%

Renter Occupied Housing Units 21.3% 32.0% 38.2%

Vacant Housing Units 6.1% 5.8% 6.2%

2014 Housing Units 3,193 26,094 84,390

Owner Occupied Housing Units 70.2% 59.3% 53.2%

Renter Occupied Housing Units 23.1% 33.8% 39.9%

Vacant Housing Units 6.7% 6.8% 6.9%

2019 Housing Units 3,356 27,250 88,265

Owner Occupied Housing Units 70.1% 58.5% 52.7%

Renter Occupied Housing Units 23.0% 34.2% 40.0%

Vacant Housing Units 6.9% 7.3% 7.3%

Median Household Income2014 $68,209 $52,480 $50,715

2019 $76,264 $57,340 $55,460

Median Home Value2014 $235,409 $206,621 $212,020

2019 $240,902 $220,116 $223,961

1 mile 3 mile 5 milePer Capita Income2014 $23,786 $17,143 $17,989

2019 $26,171 $19,253 $20,295

2014 Household by IncomeHousehold Income Base 2,980 24,307 78,528

<$15,000 4.5% 10.1% 11.3%

$15,000 - $24,999 6.8% 9.0% 9.7%

$25,000 - $34,999 6.5% 10.5% 10.8%

$35,000 - $49,999 12.0% 17.0% 17.2%

$50,000 - $74,999 25.1% 22.1% 20.5%

$75,000 - $99,999 15.6% 13.0% 13.0%

$100,000 - $149,999 21.9% 13.1% 12.4%

$150,000 - $199,999 5.0% 3.0% 2.9%

$200,000+ 2.6% 2.1% 2.1%

Average Household Income $81,538 $65,340 $ 63,663

2019 Households by IncomeHousehold Income Base 3,123 25,272 81,865

<$15,000 3.9% 9.4% 10.6%

$15,000 - $24,999 4.7% 9.6% 7.2%

$25,000 - $34,999 5.0% 8.6% 9.0%

$35,000 - $49,999 11.3% 16.9% 17.2%

$50,000 - $74,999 24.0% 21.8% 20.3%

$75,000 - $99,999 17.5% 14.8% 14.8%

$100,000 - $149,999 24.6% 14.9% 14.1%

$150,000 - $199,999 5.8% 4.0% 4.0%

$200,000+ 3.3% 2.9% 3.0%

Average Household Income $90,001 $73,727 $72,150

DEMOGRAPHICS

Jurupa Valley, CARIVERSIDE COUNTY

®

ALAZAR ASMAMAWE: alazar@lainvestors.comF: 323-282-5559 C: 310-987-6922LAINVESTORS.COM

Exclusively Listed by,