For Hifsa (no one else bother)

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FoxStudios7191EngineerRoadOMsm.pdf

FOX 5 Broadcasting Studio MISSION CRITICAL FACILITY

7191 ENGINEER ROAD, SAN DIEGO, CA

Offering Memorandum

N O N - E N D O R S E M E N T & D I S C L A I M E R N O T I C E

C O N F I D E N T I A L I T Y & D I S C L A I M E R The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from

Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has

been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The

information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or

representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of

the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the phys-

ical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy

of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has

not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no

warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify

all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All

rights reserved.

N O N - E N D O R S E M E N T N OT I C E Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this

marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corpora-

tion of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose

of providing tenant lessee information about this listing to prospective customers.

P R O P E R T Y S H O W I N G S S H A L L B E S U B J E C T TO O W N E R D I S C R E T I O N A N D B Y A P P O I N T M E N T O N LY.

P L E A S E C O N S U LT YO U R M A R C U S & M I L L I C H A P A G E N T F O R M O R E D E TA I L S.

F O X 5 B r o a d c a s t i n g S t u d i o

M I S S I O N C R I T I C A L F A C I L I T Y 1 5 Y E A R N N N L E A S E D P R O P E R T Y

O F F I C E S N A T I O N W I D E A N D T H R O U G H O U T C A N A D A

WWW.MARCUSMILLICHAP.COM

E X C L U S I V E LY O F F E R E D B Y

R I C K P U T T K A M M E R Vice President Investments

San Diego Office 858.373.3131

[email protected] License CA 00664825

F O X 5 B R O A D C A S T I N G S T U D I O S I N G L E T E N A N T

N E T L E A S E D P R O P E R T Y

01 11

06 20

E X E C U T I V E SUMMARY S E C T I O N 1 Investment Overview • Investment Highlights

C O M PA R A B L E S A L E S S E C T I O N 3 Sales Comparables • Sales Comparables Graph

P R O P E RT Y DESCRIPTION S E C T I O N 2 Property Details • Pricing Details • Location Overview

MARKET OVERVIEW S E C T I O N 4 Location Overview • Location Highlights • Demographics

TA B L E O F C O N T E N T S

EXCLUSIVELY LISTED BY:

F O X 5 B r o a d c a s t i n g S t u d i o

M I S S I O N C R I T I C A L F A C I L I T Y 1 5 Y E A R N N N L E A S E D P R O P E R T Y

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ©

2017 Marcus & Millichap ACT ID Z0000000

20+ YEARS OPERATION HISTORY OF TENANT IN THIS BUILDING

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E X E C U T I V E SUM M A RY

FOX 5 BROADCASTING STUDIO

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O F F E R I N G H I G H L I G H T S

7191 ENGINEER ROAD, SAN DIEGO, CA 92111

O F F E R I N G P R I C E

$10,020,000*

VITAL DATA

Price $10,020,000

Going In Cap Price 5.05%

Cap Rate Over Initial Term 5.95%

Price/SF $334.13

Gross Square Feet 29,988SF

Occupancy 100%

F O X 5 B R O A D C A S T I N G S T U D I O N E T L E A S E D S I N G L E T E N A N T I N V E S T M E N T

G O I N G I N C A P R AT E

5.05% C A P R AT E O V E R I N I T I A L T E R M

5.95%

F O X 5 B R O A D C A S T I N G S T U D I O M I S S I O N C R I T I C A L FA C I L I T Y

*Offering Price reflects owner’s obligation to contribute $120,000 for “interior refurbishment improvements” in 2025, discounted at a rate of 6%

F O X 5 B R O A D C A S T I N G S T U D I O M I S S I O N C R I T I C A L FA C I L I T Y

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I N V E S T M E N T O V E R V I E W The purchase of 7191 Engineer Road provides an investor with a stable cash flow for an extended period of time (15 years) which assures that the owner will not incur typical rollover costs, such as downtime/vacancy, tenant improvements and leasing commissions associated with other properties, in the foreseeable future.

This investment also provides a hedge against historic inflation rates, due to scheduled rent increases every two years (5%). There is surety of rental income as the corporate parent of the tenant is responsible for these cash flows (Tribune Media Co.) has a market capitalization of over $3.7B and currently has a B-1 credit rating by Moody’s.

Due to the NNN nature of the lease agreement, the daily operating costs and capital expenses associated with the ownership of this property will be little or none, as the Tenant is responsible for all aspects of the physical structure as well as any other costs associated with the property.

This building is located in the central San Diego market of Kearny Mesa. The current occupancy rate in this market exceeds 96% (CBRE – YE 2017 Kearny Mesa Overview) and buildings of this size and type have been leased or sold within 3.3 months of coming to market, on average, over the past five years (CoStar).

Due to the topography of this submarket, most of the local TV stations are located in the Kearny Mesa area. The elevation of this submarket allows communications logistics by providing “line of sight” transmission to tower antennas in other parts of the County. This prompts the high demand for mission critical facilities and assures one of the highest occupancy rates for buildings of this type in the County. Kearny Mesa is the center of the San Diego metropolitan area and benefits from access to Highway 52 and Interstate 8 for east/west traffic circulation and Interstate 5, Highway 805 and Highway 163 for north/south traffic circulation.

THE PARENT COMPANY OF KSWB, LLC IS TRIBUNE BROADCASTING WHICH IS A WHOLLY OWNED SUBSIDIARY OF TRIBUNE MEDIA

COMPANY (NYSE: TRCO)

► New 15 Year NNN Lease

► Credit Tenant- KSWB, LLC is a Wholly Owned Subsidiary of Tribune Media Co.

$3.7B Market Cap

► Fixed, Periodic Rent Increases Provide Inflation Hedge

► Tenant is Responsible For All Aspects of Building, Including Roof and Structure

► Highly Sought After Market in Central San Diego County

► 20 years of Occupancy History by the Current Tenant

► Extensive Tenant Improvements

► Special Permits Allowing Satellite Placement Are Difficult to Replicate

I N V E S T M E N T H I G H L I G H T S

1 MILE FROM THE 805, 163 AND 52 FREEWAYS

5 MILE EMPLOYEE POPULATION OF 316,175

LESS THAN 3 MILES FROM MONTGOMERY

FIELD AIRPORT

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ©

2017 Marcus & Millichap ACT ID Z0000000

MARKET CAP VALUATION OF THE PARENT COMPANY OF KSWB, LLC

$3.7 Billion

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P R O P E RT Y DESCRIPTION

FOX 5 BROADCASTING STUDIO

10

PROPERTY DETAILS / INVESTMENT OVERVIEW / RENT SCHEDULE

FOX 5 SAN DIEGO

Property Address 7191 Engineer Road, San Diego, CA

Tenant KSWB, LLC, a Delaware Limited

Liability Company

Number of Stories 2

Year Built/Renovated 1989/2017

GLA 29,988 SF

Type of Ownership Fee Simple

Utilities: Water Tenant Pays

Utilities: Electric / Gas Tenant Pays

Zoning IL-2-1

INVESTMENT OVERVIEW

Purchase Price $10,020,000*

Price Per SF $334.13

Going In NOI $505,505

Going In Cap Rate 5.05%

Avg. Cap Rate Over Initial Term 5.95%

Lease Type NNN

Rent Increases Fixed 5% Increases Every 2 Years

Lease Commencement April 1, 2018

Lease Term 15 Years

Options Two (2) Five (5) Year At Prevailing

Market Rent

RENT SCHEDULE

4/1/2018-3/31/2020 $505,504 / Per Year

4/1/2020-3/31/2022 $530,780 / Per Year 5%

4/1/2022-3/31/2024 $557,319 / Per Year 5%

4/1/2024-3/31/2026 $585,185 / Per Year 5%

4/1/2026-3/31/2028 $614,444 / Per Year 5%

4/1/2028-3/31/2030 $645,166 / Per Year 5%

4/1/2030-3/31/2032 $677,424/ Per Year 5%

4/1/2032-3/31/2033 $711,296 / Per Year 5%

Option 1

4/1/2033-3/31/2038 FMV*

Option 2

4/1/2038-3/31/2043 FMV*

*Base Rent and Increases Determined Per Lease

*Offering Price reflects owner’s obligation to contribute $120,000 for “interior refurbishment improvements” in 2025, discounted at a rate of 6%

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8

209

125

163

805

56

52 52

15 94

5

5

8

8

15

15

5

Encinitas

Solana Beach

Del Mar

Torrey Pines

La Jolla

Ocean Beach

Point Loma

National City

Spring Valley

Pacific Beach

Mission Bay

Carmel Valley

Fairbanks Ranch

Rancho Santa Fe

Universal City

Miramar

Scripps Ranch

Poway

Carmel Mountain

Ranch

Black Mountain

Ranch

Rancho Penasquitos

La Presa

Coronado

Mira Mesa

San Diego

FOX 5 San Diego

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T E N A N T P R O F I L E

KSWB, LLC is owned by Tribune Broadcasting, a subsidiary of Tribune Media and affiliated

with Fox Broadcasting Company. On air for over 33 years and associated with sister stations

KTLA (Los Angeles) and KTXL (Sacramento), Fox 5 is a top rated television affiliate of the

Fox Broadcasting family, rated #1 in local morning news for 9 consecutive Nielsen Ratings

Books. Fox 5 also offers high quality sports and entertainment to the extended media market

of San Diego County and Tijuana (approx. 5M viewers), on digital TV channels 69.1 and cable

channels 705 and 5.

A R E A A M E N I T I T E S

► S u b j e c t P r o p e r t y ► N a t i o n a l U n i v e r s i t y ► M o n t g o m e r y - G i b b s E x e c u t i v e A i r p o r t ► C o s t c o / W a l m a r t / Ta r g e t / R E I ► S o l a r Tu r b i n e s ► C o u n t y o f S a n D i e g o

► K e a r n y M e s a A u t o M a r t ► K a i s e r P e r m a n e n t e M e d i c a l C e n t e r ► S a n D i e g o C i t y S c h o o l s ► C h i l d r e n ’s H o s p i t a l ► N o r t h r o p G r u m m a n ► F r e e w a y s 8 0 5 , 1 6 3 a n d 5 2

14 9,

18 8

A D

T

204,871 A D

T

112,4 16 A

DT

186,000 A D

T

CLAIREMONT MESA BLVD - 40,134 ADT

BALBOA AVE - 54,947 ADT

McDonald’s

MONTGOMERY GIBBS EXECUTIVE AIRPORT

SUBJECT PROPERTY

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14 9,

18 8

A D

T

204,871 A D

T

112,4 16 A

DT

186,000 A D

T

CLAIREMONT MESA BLVD - 40,134 ADT

BALBOA AVE - 54,947 ADT

McDonald’s

MONTGOMERY GIBBS EXECUTIVE AIRPORT

SUBJECT PROPERTY

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ©

2017 Marcus & Millichap ACT ID Z0000000

TOP RATED FOX TELEVISION NETWORK AFFILIATE IN THE COUNTRY

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C O M PA R A B L E PROPERTIES

FOX 5 BROADCASTING STUDIO

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S A L E S C O M PA R A B L E S

2 0 3 7 7 A C A C I A S T Newport Beach, CA

S A L E S P R I C E $10,500,000

Close of Escrow 5/3/2018

Price Per SF $405.12

RBA 25,918

Cap Rate 5.48%

Year Built 2003

The subject property was 50% leased to the seller at the time of sale. BLD Brands

LLC is leasing back the property at $1.85/SF/Mo. for 10 years on a triple net basis.

They may end up occupying the whole building. The property contains no deferred

maintenance.

7 1 9 1 E N G I N E E R R O A D San Diego, CA

S A L E S P R I C E $10,020,000

Close of Escrow —

Price Per SF $334.13

RBA 29,988

Cap Rate 5.05%

Year Built 1989/2017

The subject property is leased to FOX 5 news San Diego, a subsidiary of Tribune

Media company. Tribune Media company owns 42 TV stations and is publicly held.

The property offers a 15 year NNN lease and provides rental increases every 2

years. The property is on a 1.20 acre parcel just off of the 805 freeway.

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3 2 9 4 1 A LTO N P K WAY. Irvine, CA

S A L E S P R I C E $7,400,000

Close of Escrow 9/21/2017

Price Per SF $339.25

RBA 21,813

Cap Rate 4.54%

Year Built 1974

This flex building sold as a leased multi-tenant asset. The building is located on

a hard corner, within an industrial area. The building is occupied by several video

production agencies .

4 1 8 1 O C E A N S I D E B LV D Oceanside, CA

2

S A L E S P R I C E $9,200,000

Close of Escrow 12/14/2017

Price Per SF $642.50

RBA 14,319

Cap Rate 4.35%

Year Built 2011

Built in 2011, Walgreens has been under an absolute triple-net (NNN) ground

lease since September 2010. The lease term is for 19 years and has 10% rent

increases every ten years.

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S A L E S C O M PA R A B L E S

2 8 9 9 5 N E W P O R T R D Menifee, CA

5

S A L E S P R I C E $9,000,000

Close of Escrow 1/31/2017

Price Per SF $523.71

RBA 17,185

Cap Rate 4.72%

Year Built 2016

The subject property is currently occupied by Rite Aid; they have 20 years remain-

ing on their lease with (6) 5-year renewal options. The buyer purchased this as

a triple net investment with plans for new construction on the lot. The buyer was

doing 1031 exchange in this sale transaction.

4 4 9 3 3 PA R A M O U N T D R San Diego, CA

S A L E S P R I C E $6,475,000

Close of Escrow 9/1/2017

Price Per SF $350.00

RBA 18,500

Cap Rate N/A

Year Built 2001

4933 Paramount Drive is situated in the same market as the subject property.

The property is encumbered by a lease to Quake Global, a hardware and software

products and solutions company. The two story office building was purchased by

the adjacent building owner/user for future expansion.

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S A L E S C O M PA R A B L E S - A V E R A G E P R I C E P E R S F

2941 Alton Pkwy

$339.25

28995 Newport Rd

$523.71

20377 Acacia St

$405.12

7191 Engineer Rd

$334.13

4933 Paramount Dr

$350.00

4181 Oceanside Blvd

$642.50

AV E R A G E : $ 4 0 1 . 7 3 P S F

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S A L E S C O M PA R A B L E S - A V E R A G E C A P R AT E

7191 Engineer Rd 4933 Paramount Dr2941 Alton Pkwy

4.54%

28995 Newport Rd

4.72%

20377 Acacia St

5.48%5.05%

4181 Oceanside Blvd

4.35%

AV E R A G E : 4 . 8 7 % C A P

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S A L E S C O M PA R A B L E M A P

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1

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5

2

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ©

2017 Marcus & Millichap ACT ID Z0000000

96% MARKET OCCUPANCY LOCATED IN SAN DIEGO’S MOST SOUGHT AFTER R&D AND INDUSTRIAL MARKET (15,093,074 SF)

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M A R K E T OVERVIEW

FOX 5 BROADCASTING STUDIO

L O C AT I O N O V E R V I E W S A N D I E G O , C A L I F O R N I A

With its warm, year-round climate, 50 miles of sun soaked coastline

and world-famous attractions, San Diego is best known as a top tourist

destination. Less well known is that this Southern California metropolis

is also home to cutting-edge businesses for telecommunications,

biotechnology, software, electronics and other major innovation

industries.

The San Diego County unemployment rate decreased by 0.09% though

July 2018 to 3.7%. This is the lowest rate of unemployment in nearly

eleven years – since May 2007. The state rate decreased by 0.5% to

4.2%. The San Diego Metropolitan Statistical Area (MSA) encompasses

the entire county of San Diego with its cities and unincorporated areas.

The total civilian labor force stands at 2.2 million. Of that, 1.48 million

people are employed in nonfarm industries.

The various national, state and local government agencies are the

largest employers in the county. For example, the University of California

and the United States Navy each employ over 20,000 people each.

However, San Diego has several prominent companies that employ

thousands of employees each. The biggest companies to be hospitals,

communications, and defense companies. San Diego continues its

economic recovery that began in 2010.

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► #2 Safest City in the U.S.

► Top Local and Tourist Attractions

► 70 Miles of Coastline

► Proximity to Orange County and Los Angeles

► Hotspot for growing Tech companies

► World’s First Cross-border Airport Terminal

S A N D I E G O C A L I F O R N I A

A M E R I C A’ S F I N E S T C I T Y

WORLD CLASS BEACHES

GROWING POPULATION

TOURIST DESTINATION

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C I T Y O V E R V I E W

► San Diego is rated #1 in concentration of military and

defense assets in the world according to the San Diego

Military Advisory Council.

► According to Forbes in 2017 San Diego was rated the #1

best city to start a business.

► There were 2,740 new businesses established in 2018 YTD.

H I G H L I G H T S I N N O VAT I O N

More than 60% of people who migrate here hold a college

degree Over 63,000 professionals in science and engineering

jobs 42% of degree holders have their first degree in a STEM

field 23.9% of the population are Multi-Lingual English-

Speaking. San Diego is ranked 2nd highest in millennial

degree holders in the Country (Source: ESRI 2017).

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► California is now the 5th largest economy in the world

► San Diego boosted 6.6% YOY growth in median home price

► 51% Service Sector employment in CaliBaja market (7.1M population)

► 73.6M Northbound border crossings (2017) in San Diego and Imperial Counties

► San Diego recorded $24.3B Foreign Exports (most current data)

► 3.7% Unemployment in San Diego County (July 2018)

► 4.1% vacancy rate for industrial real estate (San Diego County)

► 102,774 Businesses Operating in San Diego County (2017)

► Venture Capital increased 2X YOY in San Diego

E C O N O M Y

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55

55

55

55

55

805

805

805

805

805

805

805

805

805

805

805

15

15

15

15

15

94

94

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54

54

125

125

125

125

54

National City

Chula Vista

Logan Heights

Golden Hill

Midway District

Loma Portal

Point Loma Heights

Shelltown

South Park

Park West

Hillcrest

Mission HillsTemecula Heights

Ocean Beach

Sunset Cliffs

La Playa

Point Loma

Coronado Barrio Logan

Cherokee Point

Midtown

North Park

Balboa Park

East Village

Fairmont Village

El Cerrito

Ridgeview Webster

Oak Park

Emerald Hills

Encanto Mt. Hope

Mountain View

San Diego

Paradise Valley

Cypress Glen

Divis ion S

treet

Divis ion S

treet

East 4 th Str

eet

East 8th

Stree t

East 16th

Stre et

E Str eet

E Str eet

D St reet

2nd A ve

2nd A ve Hilltop D

rive

M elrose A

ve

Otay Lakes Rd

Otay Lakes Rd

Coral Canyon Rd

3rd A ve

3rd A ve

4th A ve

4th A ve

5th A ve

B roadw

ay

B roadw

ay

B eyer B

lvd

B eyer B

lvd

Beyer Blvd

P icador B

lvd

P icador B

lvd

B roadw

ay

C St reet

Sea V ale St

G St reet

H St reet

Orange Ave

Anita St

Main St Main St

Palm Ave

Del Sol Blvd

Palm AvePalm Ave

Imperial Beach Blvd Coronado Ave Coronado Ave

Iris Ave

Camino De La Plaza

Grove Ave

Leon Ave

United States

Mexico

United States

Mexico

Tocayo Ave

Satellite Blvd

Main St

Otay Mesa Road Otay Mesa Road

Airway Rd

Siempre Viva Rd

Palomar St

Orange Ave

Oly mp

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Ol ym

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Palo mar

St

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Palo mar

St

P al

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S t

H St reet

Napl es S

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9th S t

13th S t

13th S t

27th S t

S aturn B

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Napl es S

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Moss St

H Street

H Str eet

Proctor Valley Road

P roctor Valley R

oad

H Street

Bo nit

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Swee twater

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Cent ral Av

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N Rancho Del Ray Pkwy

Fili pin

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J Str eet

J Str eet

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L Str eet

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East 16th

Stre et

National Avenue

National Avenue E

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E uclid A

venue

E uclid A

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S 32nd S

treet

S 31st S

treet

Silver Strand Blvd

S ilver S

trand B lvd

S ilver S

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S 28th S

treet

N Harbor Drive

Ro se

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s St

re et

Ro se

cr an

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re et

Midway Drive

Sports Arena Drive

San Diego International Airport

San Diego Naval Supply Center

N im

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Voltaire Street

Narraganseit Avenue

Su ns

et C

liff s

Bl vd

Chats worth

Blvd

C ahon Street

C abrillo M

em orial D

rive

Barne tt Ave

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Washington Street

University Avenue University Avenue

Orange Avenue

El Cajon Blvd

R ichm

ond S treet

6th A venue

25th A venue

4th A venue

5th A venue

Pa rk

B lvd

Pe rs

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D riv

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F ern S

treet

Upas Street

F ront S

treet

Market Street

Ash Street

B Street

Market Street Market Street

Ho rri

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F airm

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C olum

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K ettner B

lvd

Pacific H ighw

ay

Pacific Highway

Ocean View Blvd

Commercial Street Imperial Avenue

East 18th

Stree t

East 24th

Stre et

East 30th

Stre et

Paradise Valley Hospital

El Toyon Park

JFK Park

Kimball Park

Las Palmas Park

Bayside Park

Sweetwater Marsh National Wildlife Refuge

Chula Vista Bayfront Park

Scripps Mercy Hospital Chula Vista

Eastlake Greens Golf Course

San Diego National Wildlife Refuge

Otay Lake County Park

Otay Lake

Eucalyptus Park

Hilltop Park

Otay Valley Regional Park

Otay Valley Regional Park

San Diego Country Club

Egger Highlands

San Diego National Wildlife Refuge

Glen Abbey Cemetery

San Diego Bay

San Diego Bay

San Diego Bay

Pacific Ocean

Alpha Street

East Plaza Blvd

Reo Drive

Skyline Drive

San Diego Co ron

ad o B

rid ge

S Ba y Fw

y

Telegraph Can yon

Telegraph Canyon Tel eg

rap h

Ca ny

on

Ota y La

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Ota y La

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O tay Lakes R

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MAJOR AREA EMPLOYERS

University of California, San Diego

County of San Diego

United States Navy

San Diego Union High School District

Sharp Healthcare

Scripps Health

Qualcomm, Inc. $206.88 GROSS REGIONAL

PRODUCT

96.3% EMPLOYMENT RATE

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D E M O G R A P H I C S H I G H L I G H T S

307,737

$71,961 130,355

POPULATION WITHIN 5-MILES

MEDIAN HOUSEHOLD INCOME HOUSEHOLDS WITHIN 5-MILES

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DEMOGRAPHICS 1 MILE 3 MILES

Population 10,679 112,800

Households 4,011 42,577

Average Age 39.40 38.10

Median HH Income $71,961 $68,542

Daytime Employess 29,531 129,064

Population Growth ‘17-’22 5.6% 5.6%

Household Growth ‘17-’22 5.5% 5.5%

HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES

2017 Total Population: 10,679 112,800 318,970

2022 Population: 11,275 119,106 336,446

Pop Growth 2017-2022: 5.58% 5.59% 5.48%

Average Age: 39.40 38.10 37.10

HOUSEHOLDS

2017 Total Households: 4,011 42,577 133,114

HH Growth 2017-2022 5.48% 5.47% 5.40%

Median Household Inc: $71,961 $68,542 $71,975

Avg Household Size: 2.60 2.60 2.30

2017 Avg HH Vehicles: 2.00 2.00 2.00

HOUSING

Median Home Value: $475,201 $468,919 $525,272

Median Year Built: 1966 1966 1974

PUBLIC TRANSPORTATION DRIVE DISTANCE

COMMUTER RAIL

Clairemont Dr./Morena Blvd. Commuter Rail (Coaster)

6 Min 3.5 Mi

San Diego (Santa Fe Depot) Commuter Rail (Train)

13 Min 9.2 Mi

AIRPORT

San Diego International Airport 16 Min 10.9 Mi

S A N D I E G O

California’s second largest city and the United States’ eighth largest, San Diego boasts a citywide population of nearly 1.3 million residents and more than 3 million residents countywide. Within its borders of 4,200 sq. miles, San Diego County encompasses 18 incorporated cities and numerous other charming neighborhoods and communities, including downtown’s historic Gaslamp Quarter, Little Italy, Coronado, La Jolla, Del Mar, Carlsbad, Escondido, La Mesa, Hillcrest, Barrio Logan and Chula Vista just to name a few.

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FOX 5 Broadcasting Studio MISSION CRITICAL FACILITY

7191 ENGINEER ROAD, SAN DIEGO, CA

E X C L U S I V E LY O F F E R E D B Y

R I C K P U T T K A M M E R Vice President Investments

San Diego Office 858.373.3131

[email protected] License CA 00664825