1026 E. Grand Avenue

 Mechanics Bank has occupied the building since 2019, after merging with Rabobank, who signed a Lease in 2015. Mechanics Bank recently signed a new 10-year extension with two (2) 5-year option periods at 95% of fair market value. • Huge Branch Deposits - per the Federal Deposit Insurance Corporation (FDIC), Mechanics Bank has over $181,000,000 in deposits at this location, making it the highest in deposits of 13 Mechanics Bank locations in San Luis Obispo County. It is also #12 of 116 Mechanics Bank locations for deposits in California. Strong Real Estate Fundamentals and Intrinsic Value • Highly visible location on East Grand Avenue with direct 101 Freeway access off of South Halcyon Drive. • Only Mechanics Bank location serving the City of Arroyo Grande, serving as the primary location for locals and tourists alike. Promising Corporate Merger • Mechanics Bank (OTC: MCHB) & HomeStreet, Inc. (NASDAQ: HMST), the holding company of HomeStreet Bank, have a definitive merger agreement scheduled for Q3 2025. • Mechanics Bank had a pre-transaction equity valuation of $3.3 billion, with the goal of becoming the premier, publicly traded West Coast bank

Improvements Land Area APN Zoning Year Built Parking Ratio Signage Frontage Access Topography One freestanding retail building containing 11,061 SF of leasable space 45,647 SF (1.05 acres) 077-111-064 FOMU - Fair Oaks Mixed-Use. Permitted uses include office, retail and restaurants 1970 5.51 per 1,000 SF Building sign, monument, and directional signs along East Grand Avenue This property benefits from 115 feet of frontage along East Grand Avenue The subject property has a mid-block location with parking access off of East Grand Avenue The property sits at grade level with adequate drainage with runoff to street gutters and drains