TABLE OF

CONTENTS

Executive Overview

Financial Overview

Location Overview

Property Demographics

CONTACT US

Josh Michaeli Vice President

702-742-1234

Josh@intrealtylv.com

EXECUTIVE OVERVIEW

PROPERTY ADDRESS 1645-1647 E Palmdale Blvd. Palmdale, CA 93550

INTERSECTION Corner of East Palmdale and 17th

PROPERTY TYPE Prime Strip Retail Center

Location Palmdale

TOTAL BUILDING AREA 28,515 SF

OCCUPANCY

YEAR BUILT 1984

NUMBER OF BUILDINGS 1

NUMBER OF TENANTS 23

LAND AREA 2.9 AC

PARCEL NUMBER 3015-022-033

PROPERTY INFORMATION:

LISTING PRICE: $3,950,000

CURRENT NOI:

CAP RATE:

PRICE PSF:

OPERATING INFORMATION

SUMMARY ACTUAL

List Price: $3,999,950

Down Payment (example): 35% $1,399,982

Current CAP: 7.03%

Rentable Square Feet: ±22,740

Price per Square Foot: $175.89

Avg Annual Rent PSF (NNN): $14.30

Occupancy: 100%

ANNUALIZED OPERATING DATA ACTUAL PSF

Gross Revenue

Base Rental Revenue $287,514 $12.64

Reimbursement Revenue $36,731 $1.62

Scooter’s Coffee CAMs Only $12,673 $0.56

Total Gross Revenue $336,917 $14.82

Credit Loss / Vacancy Reserve 3% (10,107)

Effective Gross Revenue $326,809 $14.37

EXPENSES

Real Estate Taxes $(50,464) $(2.22)

Insurance $(3,290) $(0.14)

Ground Maintenance $(599) $(0.03)

Repairs & Maintenance $(3,260) $(0.14)

Trash $(3,405) $(0.15)

Property Management $(6,000) $(0.26)

Total Operating Expenses $(90,518) $(3.98)

Net Operating Income $236,291 $10.39

Debt Service (example): $(145,759)

Pre Tax Cash Flow 7.69% $90,532

Plus Principal Reduction:

$48,411

Total Return: 11.81% $138,943

FINANCING - NEW LOAN EXAMPLE

Loan Amount Loan to Value nterest Rate Amortization Term Monthly P & I Payments

$2,599,970

65%

4.50%

30

$17,240,27

RENT ROLL :: CURRENT

Unit Tenant SF Lease Start Lease End

Current Rent

Price Per SF

Next In-crease

Next In-crease CAMS

Additional Increase

Additional Increase

1643 Davita Dyalysis N/A $0 $1,000

1645A Available 1350

1645B The Line Up 1200 6/1/2017 5/31/22 $1,236 $1.03 6/1/2019 $1,273 $480 6/1/2020 $1,311

1645C Lease Under Negotiation 1440

1645D Chiropractic & Rehab 1412 7/1/2008 6/30/2018 $1,648 $1.17 N/A $150

1645E Cash & Gold 700 8/12/2013 7/31/2018 $750 $1.07 N/A $250

1645F Loroccos 1192 12/1/2015 MTM $715 $0.60 N/A $417

1645GH Loroccos 2032 8/1/2015 7/31/2021 $1,687 $0.83 8/1/2018 $1,738 $744

1645I AV Nails 747 3/1/2015 MTM $912 $1.22 N/A 0

1645J Theresa Beauty 1148 7/1/2012 6/30/2018 1158 $1.01 N/A $110

1645K Oscars Outlet 720 1/1/2018 7/31/2021 $742 $1.03 N/A $222

1645L Accessories Jenny 960 7/1/2016 6/30/2019 $950 $0.99 N/A 0

1645M Halal Meat Market 1111 1/1/2017 12/31/2018 $1,100 $0.99 N/A 0

1647 CA Bank N/A $1,000

1647AB Body & Mind 2722 1/1/2015 12/31/2018 $2,178 $0.80 N/A 0

1647CD Wash & Dry 2880 3/1/2018 3/1/2028 $3,682 $1.28 3/1/2019 $3,793 $1,007 3/1/2019 $3,906

1647E Palmdale Bicycle 1205 8/1/2016 7/31/2018 $1,100 $0.91 N/A 0

1647G Smoke Gifts 1675 8/1/2006 8/31/2019 $1,817 $1.06 9/1/2018 $1,871 0

1647H Pyramid Market 1822 5/1/2008 5/1/2018 $3,994 $2.19 $793

1647I Mercy Eyebrow 1020 2/1/2016 1/31/2024 $1,250 $1.23 2/1/2019 $1,450 0 2/1/2021 $1,650

1647I-2 Nu Vision 1020 2/1/2016 1/31/2019 $950 1.07

1647J Jasmines Wedding 896 3/1/2004 MTM $1,238 $1.38 0

1647K Quan Tran Dental 1200 6/1/2016 5/31/2021 $1,644 $1.37 6/1/2019 $1,694 $500 6/1/2020 $1,745

1647L La Vicentina Bakery 1083 7/1/2017 6/30/2022 $1,115 $1.03 7/1/2019 $1,150 $433

28515 $28,916 $7,106

1 MILE RADIUS 3 MILE RADIUS 5 MILE RADIUS

POPULATION

2021 Projection - 18,139 97,580 150,399

2010 Population - Census 17,283 84,147 135,387

2010-2016 Annual Population Growth Rate 2.12% 11.09% 7.12%

2016-2021 Annual Population Growth Rate 2.77% 4.38% 3.71%

HOUSEHOLDS

2021 Households - Five Year Projection 5,374 28,054 42,3249

2010 Households - Census 7,485 67,083 162,309

2016-2021 Annual Household Growth Rate 2.95% 4.62% 3.92%

INCOME

2021 Average Household Income $46,855 $58,897 $59,783

2021 Median Household Income $31,052 $38,463 $40,645

2021 Per Capita Income $16,839 $20,741 $21,855

PROPERTY DEMOGRAPHICS