MICHELSON 3161 Michelson Drive, Irvine, CA Top Three Tenants by GRI (%) 20.5 Gibson Dunn 13.6 Jones Day Michelson is a 19-storey Trophy-quality office building located in Irvine, Orange County, California, within a mile of John Wayne International Airport. The property is surrounded by hotels, high-end residential properties, restaurants and other retail offerings. On-site amenities include a café, penthouse sky garden and a large car park with 2,744 lots. 27.7 Hyundai Capital America Occupancy 81.4 % Valuation US$ 219.5 m NLA 535,003 SQ FT Freehold 2007 19 May 2016 US$317.8 million (US$597 psf) 4.8 years 16 Land Tenure Building Completion Acquisition Date Purchase Price WALE by NLA No. of Tenants LEASE EXPIRY PROFILE BY NLA (%) GROSS REVENUE (US$ million) NET PROPERTY INCOME (US$ million) 23.7 23.8 23.9 2022 2023 2024 13.6 12.8 12.6 2022 2023 2024 5.8 0.5 5.4 9.3 57.5 21.5 2025 2027 2028 2029 2030 & Beyond 2026 34 | MANULIFE US REIT PORTFOLIO OVERVIEW
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