1327 De La Vina Street

1. Lease it Sign a 2-year NNN lease at $10,000/month and take possession immediately. 2. Lock the price The purchase option fixes today’s price — $2,350,000 — for the full two years. Whatever value you create in the meantime, the price does not move. 3. Create value Use the term to entitle a residential/mixed-use project — and sublease the existing building and yard while you do (with Lessor consent; no uses with environmental impact) — or establish and grow your own business on site. 4. Close when ready Exercise the option during the lease term and close — pairing the purchase with construction financing or owner-user financing, arranged on your timeline. Summary Of Lease-Option Terms: Structure Two-year NNN lease with a fixed-price purchase option. Monthly Rent $10,000 per month, NNN (tenant pays taxes, insurance & maintenance). Option Price $2,350,000 — fixed for the full term/ Option Window Exercisable during the lease term (final window per option agreement. PATH 1 — DEVELOPER: ENTITLE, THEN BUY: Control the site for $10K/month while you entitle apartments — no land loan, no equity outlay. Sublease the existing building while entitling (with Lessor consent) — cut your net carry roughly in half. Entitlement value you create accrues to you — the price is already fixed. PATH 2 — OWNER/USER: OCCUPY, THEN OWN • Move your business in now; buy the property in 2028 at a price you already know. • Two years to prove the location before committing capital — option, not obligation. • Owner-occupant financing at exercise — SBA-style low down payments after two years in occupancy. Subleasing & Due Diligence: Subleasing: permitted with Lessor consent — designed for a developer offsetting carry during entitlement; uses with environmental impact are excluded. Available upon request: Phase I ESA (Aug 2025), Phase II subsurface soil report (Sep 2025), hoist-removal closure report (Feb 2026), preliminary title report, topographic survey, floor plan, and land use survey.