Tuscan Bluffs 39 ½ Acre Finished Lots

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1 W CACTUS AVE S VALLEY VIEW BLVD 15 S VALLEY VIEW BLVD leading the land 5years brokerage industry CALIFORNIA + NEVADA SOUTHERN HIGHLANDS PKWY Tuscan Bluffs 9 ½ Acre Finished Lots City of Las Vegas, County of Clark, NV THE HOFFMAN COMPANY LAS VEGAS OFFICE 75 HOWARD HUGHES PKWY, STE 220 LAS VEGAS, NV T F NV LIC. #B CORP STONEWATER LN Aman Lal NV Lic. #S T alal@hoffmanland.com N

2 leading the land 5years brokerage industry CALIFORNIA + NEVADA TABLE OF CONTENTS 1 Executive Summary a. Transaction Narrative b. Offering Guidelines c. Vicinity Aerial d. Close Up Aerial Project Overview a. Assessors Parcel Map b. Property Photos Area/Market Overview a. Regional Map b.. Retail Exhibit c. Area Schools Exhibit d. Resale Comparable Exhibit e. Tucan Cliffs Sales Sheet

3 EXECUTIVE SUMMARY 1 TRANSACTION NARRATIVE Tuscan Bluffs is one of the most exciting opportunities in the residential luxury market today. se 9 lots offer unparalleled views of the Las Vegas Strip and the entire Las Vegas valley. se lots are nestled in the Southern Highlands Master Plan and are double gated for extreme privacy and security. re are no other opportunities in the marketplace for a builder to purchase half acre view lots in bulk. William Lyon Homes purchased 77 lots in August of 201 in the subdivision below called Tuscan Cliffs. y are expected to start sales in Summer of Builders have the option of keeping all the lots as split-level lots, or converting 2 of the lots to flat pads. Disclaimer: Preparation and disclosure of the material contained herein does not create a duty of care on the part of for any of the information contained in this brochure. analysis herein may or may not be comprehensive. While prospective purchasers may review this brochure to increase their knowledge of the Property, they retain all responsibility to independently verify any material facts which they choose to find valuable for their own purposes.

4 EXECUTIVE SUMMARY 1 OFFERING GUIDELINES Location Tuscan Bluffs can be accessed from Stonewater Ln, just off Southern Highlands Pkwy. Bluffs is located above the Tuscan Cliffs subdivision, which is currently being built by Lyon Homes. re is a guard gated entry on San Madera pl and the Bluffs are located down Villa Bellagio Dr, just past the William Lyon model complex. Seller Iota Tuscan Price Seller has asked that potential buyers offer an as is price as well as a finished lot price specifying preference of split-level or single-level lots. Cost to Complete Cost to complete budget has been provided for informational purposes only and Buyers should independently verify costs. lots were originally developed as split-level lots but there is now an opportunity to convert the lower 2 lots into single-level lots. A budget has been provided to develop the lots as split-level and as single-level lots Due Diligence Period Due Diligence shall commence upon Buyers acceptance of LOI and delivery of all due diligence materials. Due Diligence period shall be 45 days. Deposits Initial Deposit of two percent (2.0%) of the purchase price shall be made at the Opening of Escrow and shall remain refundable during the Due Diligence Period. A Second Deposit of three percent (.0%) shall be placed into Escrow prior to expiration of the Due Diligence Period. sum of the Initial Deposit and Second Deposit shall equal a Total Deposit of five percent 5.0%) of the Purchase Price. Upon Buyer s approval of its Due Diligence, the Total Deposit shall be non-refundable except for Seller default. Escrow Escrow and title shall be held with Nevada Title & Escrow Opening of Escrow Upon delivery to Escrow of (i) the mutually executed Purchase & Sale Agreement and (ii) the Initial Deposit equal to (2.0%) of the purchase price. Close of Escrow Close of Escrow shall occur the 15-days after Buyer s approval of the Due Diligence Period. Brokerage Commission brokerage commission shall be paid by Seller pursuant to separate agreement. Bid Date Tuesday, July 1,

5 EXECUTIVE SUMMARY 1 VICINITY AERIAL SUBJECT SITE N 5

6 EXECUTIVE SUMMARY 1 CLOSE UP AERIAL STARR HILLS AVE SOUTHERN HIGHLANDS PKWY STONEWATER LN N 6

7 PROPERTY OVERVIEW 2 ASSESSOR S PARCEL MAP WITH LOT PLAN DIAGRAM N 7

8 PROPERTY OVERVIEW 2 PROPERTY PHOTOS (STREET VIEW) Stret View at the intersection of Stonewater Lane and Southern Highlands Parkway SITE View from Fiesole Street Northeasterly view on Starr Hills Avenue 8

9 PROPERTY OVERVIEW 2 PROPERTY PHOTOS 9

10 PROPERTY OVERVIEW 2 PROPERTY PHOTOS 10

11 PROPERTY OVERVIEW 2 PROPERTY PHOTOS 11

12 MARKET OVERVIEW REGIONAL MAP SUBJECT SITE 12

13 S DECATUR BLVD MARKET OVERVIEW RETAIL EXHIBIT Nearby major retail centers, Southern Highlands Marketplace, is only 0.61 miles away. Shopping, dining and theaters can be found within the center accessed by Southern Highlands Pkwy just south of West Cactus Avenue. SOUTHERN HIGHLANDS MARKETPLACE W CACTUS AVE SOMERSET HILLS AVE SHINNECOCK HILLS AVE STARR HILLS AVE SOUTHERN HIGHLANDS PKWY 1

14 MARKET OVERVIEW AREA SCHOOLS EXHIBIT 160 S RAINBOW BLVD 2 S DECATUR BLVD S JONES BLVD W CACTUS AVE S LAS VEGAS BLVD SOMERSET HILLS AVE DEAN MARTIN DR SHINNECOCK HILLS AVE 15 1 SOUTHERN HIGHLANDS PKWY 1 Evelyn Stuckey E.S. (K-5) 4905 Chartan Ave Las Vegas, NV T (702) Great Schools Rating: 9 out of 10 2 Lois & Jerry Tarkanian M.S. (6-8) 5800 W Pyle Ave Las Vegas, NV T (702) Great Schools Rating: 8 out of 10 Desert Oasis H.S. (9-12) 6600 W. Erie Ave Las Vegas, NV T (702) Great Schools Rating: 5 out of 10 14

15 MARKET OVERVIEW SOUTHERN HIGHLANDS RESALE COMPARABLE DEAN MARTIN DR SOUTHERN HIGHLANDS PKWY STONEWATER LN RESALE CHART (Numbers correspond with numbers on map) NO. ADDRESS CITY STATE ZIP BEDS BATHS YEAR BUILT SALE DATE SALE PRICE SQFT $/SQFT LOT SIZE 1 15 VINTAGE CANYON St Las Vegas NV /19/2014 $ 2,950,000 10,256 $ , OLYMPIA CANYON Way Las Vegas NV /9/2014 $ 2,095,000 6,459 $ 24 24, AUGUSTA CANYON WAY Las Vegas NV /15/2014 $,850,000 11,059 $ VINTAGE CANYON St Las Vegas NV /28/2014 $ 2,400,000 9,254 $ , VINTAGE RIDGE Dr Las Vegas NV /14/2014 $ 2,500,000 10,175 $ , SHADOW HILLS Las Vegas NV /12/2014 $ 2,100,000 7,284 $ ALPINE LILY Dr Las Vegas NV /0/2014 $ 1,65,000 5,098 $ , OLYMPIA CANYON Way Las Vegas NV /6/201 $ 1,850,000 14,00 $ 12 9, OLYMPIA HILLS Cir Las Vegas NV /5/201 $ 2,75,000 8,66 $ 274,106 AVERAGE: $ 2,87,222 9,142 $

16 MARKET OVERVIEW Tuscan Cliffs Las Vegas, NV Lots/Inventory Remaining: 77 COMPARABLE ACTIVELY SELLING PROJECT PLAN 1 4,256 Sq Ft 4 Beds + Bonus 4.5 Baths Bay Garage 2 Story Pricing From: $718,000 PLAN 2 4,522 Sq Ft 4 Beds 4.5 Baths Bay Garage 2 Story Pricing From: $74,000 TUSCAN CLIFFS PLAN 4,660 Sq Ft 5 Beds 5.5 Baths Bay Garage 2 Story Pricing From: $768,000 NOTES Sales Office Address: 110 Villa Bellagio Drive Las Vegas, NV Sales Office Phone: (702) HOA: $285 total Minimum Lot Size: 10,000-11,000 SQFT 16

17 leading the land 5years brokerage industry CALIFORNIA + NEVADA THE HOFFMAN COMPANY Southern California Office Von Karman Avenue Suite 150 Irvine, CA T F CA BRE # Las Vegas Office 75 Howard Hughes Pkwy, Ste 220 Las Vegas, NV T F NV Lic #