17079 Muskrat Ave. Offering Memorandum. Adelanto, CA PRESENTED BY: x101

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1 Offering Memorandum PRESENTED BY: o e rad, CCIM, SIOR x101 jbrady@thebradcocompanies.com au a i a x112 pcasilla@thebradcocompanies.com orena i kellis@rosanopartners.com George Cornelson gcornelson@rosanopartners.com

2 TABLE OF CONTENTS Con8dentiality & Disclaimer All materials and information received or derived from Rosano Partners, LLC & Joseph W. Brady, Inc. dba The Bradco Companies its directors, o5cers, agents, advisors, a5liates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, 4nancial performance of the property, projected 4nancial performance of the property for any party s intended use or any and all other matters. Neither Rosano Partners, LLC & Joseph W. Brady, Inc. dba The Bradco Companies its directors, o5cers, agents, advisors, or a5liates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of signi4cance to such party. Rosano Partners, LLC & Joseph W. Brady, Inc. dba The Bradco Companies will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All 4nancial data should be veri4ed by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Rosano Partners, LLC & Joseph W. Brady, Inc. dba The Bradco Companies makes no warranties and/or representations regarding the veracity, completeness, or relevance of any 4nancial data or assumptions. Rosano Partners, LLC & Joseph W. Brady, Inc. dba The Bradco Companies does not serve as a 4nancial advisor to any party regarding any proposed transaction. All data and assumptions regarding 4nancial performance, including that used for 4nancial modeling purposes, may di3er from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certi4ed public accountant or tax attorney. Title questions should be discussed by the party with a title o5cer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Rosano Partners, LLC & Joseph W. Brady, Inc. dba The Bradco Companies in compliance with all applicable fair housing and equal opportunity laws. Contents PROPERTY INFORMATION LOCATION INFORMATION SALES COMPARABLES FINANCIAL ANALYSIS

3 Section 1 PROPERTY INFORMATION erin emorand m

4 EXECUTIVE SUMMARY PROPERTY OVERVIEW PROPERTY SUMMARY Sale Price: $12,999,000 Lot Size: 205,167 SF Building Size: 108,160 SF Year Built: 1991 Renovated: 2006 he Bradco Companies and Rosano Partners are proud to present a unique opportunity to acquire a 108,160 SF facility on a 205,167 SF lot. This expansive facility consists of a 3,060 SF front office connected to a 36,000 SF warehouse joined to a 69,100 SF warehouse. This facility was built in phases. The front office and warehouse space were built in 1991 and have 24 ceiling clearance. The back warehouse was built in 2006 and has 30 ceiling clearance. Both structures are steel frame, well insulated, and built to last, with a foundation of 8 concrete tilt up walls. The facility has an electric capacity of 1,200 amps at 277/480 V and may be possible to add more addresses or subdivide and condoize, due to its open floorplan and ample parking. This is an outstanding opportu-nity for an investor or operator to own a well-suited facility for cannabis cultivation with exceptional upside. This property stands out because a medical marijuana business can begin generating income, while the subdivision occurs. PROPERTY HIGHLIGHTS Zoned For Cannabis Cultivation & Manufacturing! Ideal For Subdivision 1,200 Amps at 277/480! Ceiling Clearance! Insulated Steel Frame Warehouse! 8 Tilt Up Foundation Ideal for LARGE Cultivation! Pro Forma Cap: 25.31%

5 AERIAL

6 PROPERTY PHOTOS

7 INTERIOR PHOTOS 700 South Flower Street, Suite 2526 rosanopartners.com

8 FLOOR PLAN 250' PROPQSEP WAREHQUSE{MANY[AC1l/BING ' \ \ \... I JOIH- PftOPCSEQ BYILDWG EQOTPBINT -.- lype UN CONSTRUCTION 16'x16' OHO t6'x16 OHO /-<> / -*' -- - * *' - -- * 135

9 Section 2 LOCATION INFORMATION erin emorand m

10 MAP & DESCRIPTION DESCRIPTION The property is located in the Adelanto Cultivation Zone. The municipality of Adelanto passed a cultivation ordinance, which has been in emect since May 25th, It allows for indoor cultivation of medical marijuana. This city has a progressive ordinance with competitive tax and application rates and operators currently cultivating! This property provides a rare and valuable opportunity to own a legal cultivation facility. Adelanto is in the county of San Bernardino and 9 miles north west of Victorville om of the Interstate 15.

11 REGIONAL MAP

12 Section 3 SALES COMPARABLES erin emorand m

13 SALES COMPARABLES Building Price / SF S. No. Address Sale Price Price / SF S Beaver Rd $12,999,000 $5,500,000 $ $ Beaver Rd $1,825,000 $ Holly Rd $3,400,000 $ Muskrat Ave Muskrat Ave. $2,350,000 $6,000,000 $ $125.00

14 SALE COMPS SUBJECT PROPERTY Beaver Rd Lot Size: Year Built: Building SF: Price PSF: Lot PSF: Zoning: 4.71 AC ,160 SF $ $71.31 M1 Sale Price: Lot Size: Year Built: Building SF: Price PSF: Lot PSF: Closed: $5,500, AC ,600 SF $ $ /10/2016 Zoning: M Beaver Rd 9332 Holly Rd Sale Price: $1,825,000 Sale Price: $3,400,000 Lot Size: 2.42 AC Lot Size: 2.42 AC Year Built: 1992 Year Built: 1993 Building SF: 3,850 SF Building SF: 19,190 SF Price PSF: $ Price PSF: $ Lot PSF: $17.31 Lot PSF: $32.25 Closed: 10/04/2016 Closed: 11/13/2016 Zoning: M1 Zoning: MI

15 SALE COMPS Muskrat Ave Muskrat Ave Sale Price: Lot Size: Building SF: Price PSF: Lot PSF: Closed: Zoning: $2,350, AC 10,450 SF $ $ /19/2016 M1 Sale Price: Lot Size: Building SF: Price PSF: Lot PSF: Closed: Zoning: $6,000, AC 48,000 SF $ $ /29/2016 M1

16 SALE COMPS SUMMARY SUBJECT PROPERTY PRICE BLDG SF PRICE/SF Adelanto, CA $12,999, ,160 SF $ SALE COMPS PRICE BLDG SF PRICE/SF CLOSE Beaver Rd Adelanto, CA Beaver Rd Adelanto, CA Holly Rd Adelanto, CA Muskrat Ave Adelanto, CA $5,500,000 17,600 SF $ /10/2016 $1,825,000 3,850 SF $ /04/2016 $3,400,000 19,190 SF $ /13/2016 $2,350,000 10,450 SF $ /19/2016 PRICE BLDG SF PRICE/SF CLOSE TOTALS/AVERAGES $3,268,750 12,773 SF $

17 Section 4 FINANCIAL ANALYSIS erin emorand m

18 FINANCIAL SUMMARY

19 PROPOSED SUBDIVISION RENT ROLL

20 Presented by: Joseph W. Brady CCIM, SIOR President The Bradco Companies BRE: D: x101 M: E: Korena Ellis Senior Associate Cannabis Investment Sales Group BRE: D: M: E: Paul A. Casilla Senior Commercial Sales & Leasing Associate The Bradco Companies BRE: D: x112 M: E: The Bradco Companies BRE: Industrial Blvd., Suite 250 Victorville, CA George Cornelson Cannabis Investment Sales Group BRE: D: M: E: Rosano Partners BRE: Los Angeles Office 700 S. Flower St. Suite 2526 Los Angeles, CA The information contained in this presentation is conndential, furnished solely for the purpose of a review by a prospective purchaser of the Property, and is not to be used for any other purpose or made available to any other person without the express written consent of the Seller or Advisor. Prospective purchasers should also conduct their own due diligence, including, but not limited to, engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the Property or used in the construction of maintenance of the building(s) at the Property.