Corner Location of PR-2 & PR-167 Income Producing Property PRO FORMA Actual and Proposed Rental Rates Office 101 (1,716 SF) Dpto. De La Familia Retail 102 (3,768 SF) Vacant Office 201 & 202 (5,484 SF) Dpto. De La Familia Office 301 (1,991 SF) Dpto. De La Familia Office 302 (3,493 SF) Vacant Office 401 (900 SF) Vacant Office 402 (4,584 SF) Dpto. De La Familia Potential Gross Income Less: Vacancy & Collection Loss (15%) Plus: Net Income from Roof Antenna Plus: Net Income from Tactical Media Sign Equals: Effective Gross Income Less: Property Taxes (Actual) Less: Property Insurance ($0.25/SF) Less: Mgmt. & Contingencies (3% of EGI) Less: Operating Expenses (Actual) Less: Reserves for Replacement ($0.20/SF) Net Operating Income Sales Price ROI Divided by: Cap Rate Equals: Overall Value ROUNDED TO Square Feet Per SF

$26,598 $37,680 $85,002 $30,861 $34,930 $9,000 $71,052 $295,123 ($44,268) $25,200 $28,800 $304,854 ($15,200) ($5,882) ($9,146) ($70,920) ($4,706) $199,001 $1,700,000 11.71% 10.00% 11.00% $1,990,009.01 $1,809,099.10 $1,990,000 $1,810,000 23,528 $84.58 $76.93