BY THE AIRPORT. FOR SALEThe Office. Units Ranging From ±2,500 SF to ±6,000 SF PHASE I ±11,600 SF

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1 GREY SHELL, FEE SIMPLE CONDO OFFICE BUILDINGS AVAILABLE IN HIGHLY DESIRABLE AIRPORT CORRIDOR ESTIMATED DELIVERY DATE: Q PHASE I ±11,600 SF Units Ranging From ±2,500 SF to ±6,000 SF Grant Traub, Senior Vice President grant.traub@colliers.com Chris Connell Vice President chris.connell@colliers.com

2 The Office FOR SALE THE OFFICE IS SITUATED IN THE HEART OF THE HIGHLY DESIRABLE AIRPORT SUBMARKET WITH DIRECT ACCESS TO THE MCCARRAN AIRPORT CONNECTOR VIA BERMUDA SPRINGS ROAD. This newly remodeled project is just a few minutes drive time to the main terminals at McCarran International Airport, the World Famous Las Vegas Strip Resort Corridor, Interstate 15 & 215, five area hospitals, the retail shops at The Las Vegas South Premium Outlets, Town Square and an abundance of restaurants and dining options for your clients and staff to consider. The Office by the Airport is comprised of two (2) grey shell buildings totaling ±11,600 SF. The project consists of two (2) buildings: ±5,535 SF and ±6,065 SF. The buildings will be delivered grey shell and ready for each owner s unique build out requirements. The buildings have direct frontage on East Warm Springs Road, with a traffic count of over 28,000+ cars per day. The Office by the Airport offers exceptional visibility and a convenient centralized valley location. The total parking ratio is planned for 4.13/1000 SF, with dedicated covered parking spaces available for an additional cost for each building. Well-appointed common area restrooms save owners space and significant cost of installing restrooms in-suite. 320 E. Warm Springs Road, Las Vegas, NV ESTIMATED DELIVERY: Q WITH FUTURE PHASES TO FOLLOW PROPERTY HIGHLIGHTS Grey shell condo office units ranging from ±2,500 to ±6,000 SF Newly Renovated Retro designed buildings Control your occupancy cost by having a stable monthly payment Property maintained by an Owner s Association Prime location in the Airport Submarket Single story, fee simple buildings Condos delivered with poured concrete floor and drywall Capped plumbing fixtures in each suite for breakroom NICELY APPOINTED, SECURED ACCESS COMMON AREA RESTROOMS HVAC CREDIT TO BUYERS Newly recoated roof (March 2018) with 10 year warranty Total parking ratio: 4.13/1,000; Covered parking ratio: 1.38/1,000 Covered reserved parking available at an additional cost High visibility location, with all buildings fronting E. Warm Springs Road Daily cars per day in excess of 28,000 and climbing Convenient access to I-15 and the 215 Beltway (2 interchanges close by) Retail amenities nearby include The Las Vegas South Premium Outlet Mall and Town Square An abundance of restaurants & services in the immediate area PURCHASE PRICE - $199 PSF

3 The Las Vegas Strip McCarran International Airport PHASE I PHASE II PHASE III E. WARM SPRINGS ROAD COURTYARD SIGNAGE

4 COVERED PARKING COVERED PARKING SUITE 2 ±2,990 SF SUITE 4 ±2,434 SF COMMON AREA RESTROOMS BUILDING CONNECTOR SUITE 1 ±2,545 SF SUITE 3 ±3,631 SF PHASE I PHASE II PHASE III BUILDING 320 BUILDING 330 BUILDING 340 Video Surveillance Remote Guard Service E. WARM SPRINGS RD. For the added protection of all Owners and their visitors*, The Office by the Airport will feature Video Surveillance Remote Guard Services included in Association dues. Upon completion of the renovations, there will be multiple 360-degree high definition video cameras installed on the building exterior to monitor the entire property. The cameras will record footage 24/7 and will be monitored by live remote guards between 10:00PM-6:00AM, 365 days/year. The cameras will also feature a two-way talk-down device allowing remote guards to verbally address individuals creating any security concerns or loitering on the property after hours. Although generally unnecessary, the remote guards can also alert and dispatch local law enforcement to the property if needed. *Disclaimer: The Office by Airport Owners Association and its agents are not responsible for the security or protection of persons at the property, as further detailed in the Amended & Restated CC&Rs dated April 24, 2018.

5 TOWN SQUARE 15 BALI HAI GOLF COURSE SUNSET ROAD HUGHES AIRPORT CENTER SUNSET PARK LAS VEGAS PREMIUM OUTLET SOUTH ±137,000 CPD 15 LAS VEGAS BOULEVARD MCCARRAN AIRPORT CAR RENTAL FACILITY ±184,000 CPD SITE COMING SOON: FAIRFIELD INN & SUITES WINDMILL LANE 215 MARYLAND PARKWAY WARM SPRINGS MARKETPLACE EASTERN AVENUE WARM SPRINGS ROAD PECOS ROAD

6 DEMOGRAPHICS Est Owner Occupied Property Values POPULATION 2023 Projection 14, , , Estimate 12, , , Census 10,811 89, , Census 2,749 26,340 99,972 Projected Growth % 10.13% 8.89% Estimated Growth % 22.28% 17.99% Growth % % % $1,000,000 or more $750,000 to $999,999 $500,000 to $749,999 $400,000 to $499,999 $300,000 to $399,999 $200,000 to $299,999 $150,000 to $199,999 $100,000 to $149,999 $80,000 to $99,999 $60,000 to $79,999 $40,000 to $59,999 5-Mile 3-Mile 1-Mile HOUSEHOLDS $20,000 to $39,999 0% 5% 10% 15% 20% 25% 30% 35% 2023 Projection 5,028 46, , Estimate 4,655 42,923 94, Census 4,177 36,748 82, Census 1,169 10,615 38,686 Projected Growth % 8.79% 8.12% Estimated Growth % 16.80% 15.03% Growth % % % Estimated Households By Income 60% 50% 40% 30% 20% 2018 EST. POPULATION BY SINGLE-CLASSIFICATION RACE Total 12, , ,825 White Alone 73.17% 65.47% 65.62% Black or African American Alone 4.70% 6.59% 6.79% Amer. Indian and Alaska Native Alone 0.56% 0.58% 0.58% Asian Alone 13.06% 14.45% 13.96% Native Hawaiian and Other Pac. Isl. Alone 0.37% 0.99% 0.96% Some Other Race Alone 2.33% 4.99% 5.42% Two or More Races 5.81% 6.92% 6.67% Not Hispanic or Latino 88.46% 84.74% 83.88% Hispanic or Latino 11.54% 15.26% 16.12% 10% 0% $15,000 or $15,000 to $25,000 to $35,000 to $50,000 to $75,000 to $100,000 to $125,000 to $150,000 to $200,000 to $250,000 to $500,000 or Les s $24,999 $34,999 $49,999 $74,999 $99,999 $124,999 $149,999 $199,999 $249,999 $499,999 More 1-Mile 3-Mile 5-Mile Est. Population By Age 20% 16% 12% 8% 2018 EST. HOUSEHOLDS BY HH INCOME Per Income Capita $29,747 $29,456 $29, Est. Average Household Income $132,345 $98,184 $94, Est. Median Household Income $95,005 $74,870 $72,664 4% 0% 0 to 4 5 to 9 10 to to to to to 34 1-Mile 3-Mile 5-Mile 35 to to to to 74

7 BUY VS. LEASE COMPARISON OWN LEASE Building Shell Price / SF $199 $508,843 Monthly Lease Rate/SF $1.65 $4,219 Improvements / SF $50 $127,850 (NNN) Total Building Cost $636,693 Closing Costs $21,000 Total Project Cost $658,000 Start Up Costs Start Up Costs Cash Down Payment 10.0% $65,800 Security Deposit 1 mos $4,219 Apprasial and Phase I $6,000 Total Cash Required $71,800 Total Cash Required $4,219 Monthly Occupancy Cost Monthly Occupancy Cost Mortgage Payment $3,867 Lease Payment $4,219 Occupancy Cost / SF $18.15 Occupancy Cost / SF $19.80 Annual 3% Rental Increases Adjusted Monthly Occupancy Cost Adjusted Monthly Occupancy Cost Occupancy Cost / SF $18.15 Occupancy Cost / SF $19.80 Less: Depreciation -$0.69 Less: Depreciation $0.00 Net Occupancy Cost / SF $17.46 Net Occupancy Cost / SF $19.80 Net Monthly Occupancy Cost $3,721 Net Monthly Occupancy Cost $4,219 Forecasted Ownership Benefits Forecasted Cost of Leasing Cash Savings after 10 $59,795 Cash Savings after 10 $0 Repayment / Equity After 10 years $351,098 Repayment / Equity After 10 years $0 Less: Total Cash Required -$71,800 Less: Total Cash Required -$4,219 Total Ownership Benefits $339,093 Total Leasing Cost -$4,219 Scott Willits Vice President, Pinnacle Bank swillits@pinnaclebankaz.com Assumptions: Depreciation is calculated at 80% of Total Project Costs over 300 months. Mortgage payment calculated at 6.25% over 300 months. Cash savings is the difference between Net Monthly Occupancy costs to Own and the Net Monthly Occupancy Cost to Lease. There is 2.0% assumed annual property appreciation. There is a 3.0% annual lease rate increase. Please consult with your CPA and / or or Legal Counsel for more formal guidance.