Page 4 - Solana101_OfferingMemorandum_GSP

INVESTMENT

⊲ Irreplaceable coastal infill location on Pacific Coast Highway in
Solana Beach, within a five-minute walk to the beach, Cedros HIGHLIGHTS
Avenue Design District, and Solana Beach Transit Center

⊲ Largest mixed-use project along Highway 101 in the past three
decades, fully entitled to build 25 apartment units, 54,850 SF
of contiguous office space, and 8,950 SF of ground-floor retail

⊲ All approvals have been secured with permits pulled and an
executed GMP in place from one of the top-ranked general
contractors in the country

⊲ Project is a demand-driven response that will cater to the
area’s affluent, professional demographic, which boasts a
high median household income of more than $110,000

⊲ Located on three separate parcels, allowing for multiple exit
strategies including refinancing or selling the multifamily,
office, and retail components individually

⊲ Zephyr, as development manager, has more than $1 billion in
mixed-use development experience with a focus on San Diego
County and is backed by a well-capitalized equity partner

4 | SOLANA 101