OFFERING MEMORANDUM SIGNALIZED RETAIL PAD Cedar Avenue Bloomington, CA 92316

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1 *recommended dimensions: 6 x 4 (horizontal version), 200 DPI or higher *recommended dimensions: 6 x 4 (horizontal version), 200 DPI or higher OFFERING MEMORANDUM Cedar Avenue Bloomington, CA Steve Broker Steve Broker John Agent John Agent Executive Vice President Investments First Vice President Investments Vice President Investments Vice President Investments Palo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto Office Tel: (650) Tel: (916) Tel: (650) Tel: (650) Fax: (650) Fax: (916) Fax: (650) Fax: (650) Steve.Broker@marcusmillichap.com Steve.Broker@marcusmillichap.com John.Agent@marcusmillichap.com John.Agent@marcusmillichap.com License: CA License: CA NV License: CA License: CA

2 NON-ENDORSEMENT AND DISCLAIMER NOTICE Non-Endorsements Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. Bloomington, CA ACT ID Y

3 INVESTMENT OVERVIEW 3

4 EXECUTIVE SUMMARY OFFERING SUMMARY Price $1,825,000 Down Payment 100% / $1,825,000 Loan Amount $0 Loan Type All Cash Lot Size (SF) 94,525 Price/SF $19.31 Lot Size (Acres) 2.17 acre(s) Price/Acre $841,016 Number of Lots 0 Type of Ownership Fee Simple OFFERING SUMMARY MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES * Arrowhead Regional Medical Ctr 2,710 Kaiser Permanente 1,847 US Post Office 1,577 Probation Department 900 Riverside Cnty Probation Dept 875 Inland Cold Storage 803 Verizon 801 Fedex 800 Walmart 725 Skanska USA Cvil W Cal Dst Inc 700 Cox Automotive Inc 600 Fontana Mental Health Offices 593 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2016 Estimate Pop 13,157 73, , Census Pop 12,576 70, , Estimate HH 2,813 17,836 86, Census HH 2,722 17,203 82,238 Median HH Income $45,851 $51,622 $46,921 Per Capita Income $12,867 $15,772 $15,451 Average HH Income $59,245 $64,537 $60,102 * # of Employees based on five mile radius 4 #

5 INVESTMENT OVERVIEW OFFERING SUMMARY South west corner of Santa Ana Avenue and Cedar Avenue, Bloomington, California Bloomington is an unincorporated city in San Bernardino County. The city s activist are currently pushing for Bloomington to obtain cityhood. The city's population is approximately 23,851, according to the 2010 census. Surrounding cities include Fontana, Rialto, Colton and Riverside. The property is located south of the Interstate-10. Approximately acres (+/- 95,525 square feet) of flat land on a signalized corner. The south portion is fully entitled for a +/- 8,320 square feet commercial building to be developed. The north corner portion would be perfect for a drive-thru restaurant, gas station, car wash, or any other major retail tenant. Development studies requested by the city have been done and are available to the new ownership. The Pad is ready with on/off improvements and water agreement was completed. The Pad can be demised and sold separately. Also available for Ground Lease or Built to Suit INVESTMENT HIGHLIGHTS SWC Santa Ana Avenue and Cedar Avenue Signalized Corner Pad Available for Sale/Ground Lease/Built to Suit Easy Access to Interstate-10 Vehicle Traffic +/- 28,341 Cars Per Day Partially Entitled # 5

6 PROPERTY SUMMARY OFFERING SUMMARY THE OFFERING Property Signalized Retail Pad Price $1,825,000 Property Address Cedar Ave,Bloomington,CA Assessor s Parcel Number Zoning CG SITE DESCRIPTION Lot Size (SF) 94,525 Price/SF $19.31 Lot Size (Acres) Price/Acre $841,016 Number of Units 1 Type of Ownership Fee Simple 6

7 PROPERTY SIGNALIZED NAME RETAIL PAD PRICING AND LOCATION VALUATION TENANT SUMMARY OVERVIEW MATRIX Cedar Avenue, Bloomington, CA CLOSE PROXIMITY TO: # 7

8 AERIAL PHOTO 8

9 MARKET COMPARABLES 9

10 8 SALES COMPARABLES MAP (SUBJECT) 285 East Redlands Boulevard 4802 Etiwanda Avenue Spruce Street Land with Improvements 0.40 Acres Foothill Boulevard and Cherry Avenue SALES COMPARABLES 10

11 PROPERTY SIGNALIZED NAME RETAIL PAD SALES COMPARABLES SALES COMPS AVG SALES COMPARABLES Average Price Per Square Foot Average Price Per Acre $43.00 $2,000,000 $38.70 $1,800,000 $34.40 $1,600,000 $30.10 $25.80 Avg. $24.82 $1,400,000 $1,200,000 Avg. $1,080,949 $21.50 $1,000,000 $17.20 $800,000 $12.90 $600,000 $8.60 $400,000 $4.30 $200,000 $0.00 SWC Santa Ana Ave. & Cedar Ave. 285 E Redlands Blvd 4802 Etiwanda Ave Spruce St Land w/ Improvements 0.40 Acres Foothill Blvd & Cherry Ave $0 SWC Santa Ana Ave. & Cedar Ave. 285 E Redlands Blvd 4802 Etiwanda Ave Spruce St Land w/ Improvements 0.40 Acres Foothill Blvd & Cherry Ave 11

12 PROPERTY SIGNALIZED NAME RETAIL PAD SALES MARKETING COMPARABLES TEAM SALES COMPARABLES SWC SANTA ANA AVENUE AND CEDAR AVENUE Cedar Avenue, Bloomington, CA, EAST REDLANDS BOULEVARD 285 East Redlands Boulevard, San Bernardino, CA, ETIWANDA AVENUE 4802 Etiwanda Avenue, Mira Loma, CA, rentpropertyname1 rentpropertyname1 rentpropertyname1 Asking Price $1,825,000 Down Payment $1,825,000 Down Payment % 100% Zoning CG Price/SF $19.31 Lot Size (Acres) 2.17 acre(s) Price/Acre $841,016 Days On Market 178 Sales Price $75,000 Zoning Commercial Price/SF $2.61 Lot Size (Acres) 0.66 Price/Acre $113,636 Close of Escrow 9/14/2016 Sales Price $1,285,000 Zoning Retail Price/SF $17.99 Lot Size (Acres) 1.64 Price/Acre $783,537 rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1 ENTITLED: YES PERMIT READY: NO 12

13 PROPERTY SIGNALIZED NAME RETAIL PAD SALES MARKETING COMPARABLES TEAM 3 SALES COMPARABLES SPRUCE STREET Spruce Street, Riverside, CA, LAND WITH IMPROVEMENTS 0.40 ACRES 7275 Indiana Avenue, Riverside, CA, FOOTHILL BOULEVARD AND CHERRY AVENUE Foothill Boulevard and Cherry Avenue, Fontana, CA, 5 rentpropertyname1 rentpropertyname1 rentpropertyname1 Close of Escrow 3/14/2017 Days On Market 1636 Lot Size (Acres) 1.33 Sales Price $1,199,000 Zoning C-2 Price/SF $36.70 Lot Size (Acres) 0.75 Price/Acre $1,598,667 Close of Escrow 2/13/2017 Days On Market 263 Sales Price $1,700,000 Zoning Commercial Price/SF $41.96 Lot Size (Acres) 0.93 Price/Acre $1,827,957 rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1 13

14 MARKET OVERVIEW 14

15 MARKET OVERVIEW RIVERSIDE-SAN BERNARDINO OVERVIEW The Riverside-San Bernardino metro, also referred to as the Inland Empire, is a 28,000-square-mile region in Southern California composed of San Bernardino and Riverside counties. The metro contains a population of more than 4.5 million. The largest city is Riverside with more than 320,000 residents, followed by San Bernardino with nearly 220,000 people. Valleys in the southwestern portion of the region, adjacent to Los Angeles, Orange County and San Diego County, are the most populous in the metro. These areas abut the San Bernardino and San Jacinto mountains, behind which lies the high desert area of Victorville/Barstow to the north and the lowdesert Coachella, home of Palm Springs, to the east. METRO HIGHLIGHTS STRATEGIC LOCATION Near LAX and Ontario International airports and ports in Long Beach and Los Angeles, Riverside- San Bernardino has vast air, rail and interstate transit network. DOMINANT INDUSTRIAL MARKET The metro is one of the nation s leading industrial markets in terms of sales, construction and absorption. STRONG DEMOGRAPHIC TRENDS Jobs, colleges, new home construction and more affordable housing options will draw 400,000 new residents to the Inland Empire in the next five years. 15

16 PROPERTY SIGNALIZED NAME RETAIL PAD Created on July 2017 POPULATION 1 Miles 3 Miles 5 Miles 2021 Projection Total Population 13,763 77, , Estimate Total Population 13,157 73, , Census Total Population 12,576 70, , Census Total Population 9,892 56, ,421 Daytime Population 2016 Estimate 12,229 69, ,769 HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2021 Projection Total Households 2,940 18,620 89, Estimate Total Households 2,813 17,836 86,241 Average (Mean) Household Size Census Total Households 2,722 17,203 82, Census Total Households 2,375 15,129 76,833 MARKETING DEMOGRAPHICS TEAM HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2016 Estimate $250,000 or More 0.54% 1.08% 0.87% $200,000 - $249, % 0.84% 0.81% $150,000 - $199, % 2.83% 2.57% $125,000 - $149, % 2.89% 3.14% $100,000 - $124, % 7.81% 6.72% $75,000 - $99, % 15.12% 12.26% $50,000 - $74, % 20.90% 20.43% $35,000 - $49, % 16.94% 16.51% $25,000 - $34, % 10.00% 12.08% $15,000 - $24, % 11.00% 12.36% Under $15, % 10.58% 12.24% Average Household Income $59,245 $64,537 $60,102 Median Household Income $45,851 $51,622 $46,921 Per Capita Income $12,867 $15,772 $15,451 Source: 2016 Experian 16

17 PROPERTY SIGNALIZED NAME RETAIL PAD TRAFFIC COUNT PRICING AND LOCATION VALUATION TENANT MARKETING SUMMARY OVERVIEW MATRIX PLAN YEAR COUNT , , ,531 Source: 2016 Experian 17#