Point Loma Parking Lot

• 4,835 SF improved land parcel (no building), currently operating as a parking lot

• Leased to Union Bank of California on a long-term NNN ground lease

• Site improvements include asphalt, curb, gutter, landscaping, parking stalls, fencing, and tenant signage

• All site improvements revert to landlord at lease end

• Tenant pays all taxes, utilities, insurance, and maintenance, resulting in zero landlord obligations through the lease term

• Rent reappraisal scheduled June 2032, resetting monthly rent to 10% per annum of fair market value

• Union Bank holds a right of first refusal on any sale

• Located in the supply-constrained coastal Point Loma submarket