PROPERTY DESCRIPTION

� LOCATION: Poway - San Diego County, CA � TOTAL SITE AREA: �434.47 Acres � APN�S: 322-011-05, 06; 322-040-03, 04, 16; 322-041-06 � TRAFFIC COUNT: Hwy 67 - 25,000+ CPD Poway Road - 40,000+ CPD � PURCHASE PRICE: $6,500,000 � PRICE PER SF: $0.34 � ZONING: Rural Residential - A The subject property is located in the Iron Mountain Range on the eastern border of Poway, CA in inland North County San Diego and consists of six adjoining parcels that together make up approximately 434.47 acres. The property sits on the east side of Highway 67 where it has about 4,200 feet of frontage and access to Poway Road which leads into the majority of the residential neighborhoods, commercial centers, and industrial presence in Poway, and has its end at the I-15 freeway interchange. One of San Diego County�s most popular hiking trails, the Iron Mountain Trail, has the beginning of its path on the property as well as the parking lot used by the hikers at the eastern corner of Poway Road and Highway 67, both of which are accessible to the public via easements granted on three of the six parcels (APN�s: 322-011-06, 322-040-03 &16). Ownership retains the right to relocate the parking lot easement if it so chooses. The property has varying slope ranges and topography, with the flattest portion being at its southwest corner.