1405 Pioneer, Brea, CA 92821

Located in West Brea with Great Access to the 57 Freeway CONFIDENTIAL OFFERING Ideal 1031 Exchange Property THE OPPORTUNITY Lee & Associates, Orange - Inc. (“Broker”) is pleased to present the opportunity to acquire the 100% fee simple interest in 1405 Pioneer, a single-story, 24,730 square foot, single tenant light manufacturing, distribution building, located in Brea, California (the “Property”). Originally constructed in 1986 and significantly renovated in 2017, the Property is situated on a 1.25 acre site, zoned M-2, Light Manufacturing; City of Brea. 1405 Pioneer is leased to Mullen Technologies on an AIR Industrial Gross Lease. Founded in 2012 Mullen Technologies www.mullenusa.com is one of the leaders in electric car manufacturing and lithium battery development. TENANT INFORMATION Mullen Technologies, is an emerging electric vehicle manufacturer that announced a definitive agreement to merge with Net Element, Inc. (NASDAQ: NETE) in a stock-for-stock reverse merger, in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company. 1405 Pioneer, Brea, California serves as the company’s corporate headquarters. Mullen has occupied the building since 2018.