Office Buildings 35,742 SF $7,200,000. For Sale. Property Overview. Location Overview SALE PRICE: $7,200,000 CAP RATE: 6.46% GRM: 11.

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1 SALE PRICE: $7,200,000 CAP RATE: 6.46% GRM: NOI: $464,882 LOT SIZE: 1 Acres BUILDING SIZE: 35,742 SF BUILDING CLASS: B CEILING HEIGHT: 0.0 FT YEAR BUILT: 1965 & 1969 RENOVATED: 2017 ZONING: Professional Office MARKET: Reno/Sparks SUB MARKET: Downtown TRAFFIC COUNT: 1,600 Property Overview Two multi-tenant office buildings in Downtown Reno. 100 & 140 Washington are newly renovated two story buildings providing approximately 35,742 SF 98% eased to quality tenants. The Properties were constructed in 1965 and 1969 and completely renovated in 2015 and 2017 including all new interiors with high-end finishes and new building systems. Tenant spaces include glass-walled meeting rooms and offices, kitchens with stainless steel appliances, updated rest rooms on each floor and updated outdoor stairs. The recent upgrades ensure little near-term capital will be needed and greatly minimize future re-leasing costs. The building is 98% leased to a mixture of long term and short term tenants, providing a mix of stable secure cash flow and market future upside as leases rollover. Location Overview Located West of downtown Reno, close proximity to Truckee River, downtown Reno, food, and shopping

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3 $7,200, & 140 Washington St. 100 & 140 Washington St Reno, Nevada OFFERING SUMMARY Sale Price $7,200,000 Lot Size 1.0 Acres Property Highlights 98% Leased Multi Tenant Investment Office Building Size Zoning 35,742 SF Professional Office Both buildings have been meticulously renovated over the past 3+ years, including brand new tenant interiors and upgraded building systems throughout. These extensive recent investments ensure little near-term capital will be needed and greatly minimize future re-leasing costs. The Property is located on the west side of Reno's vibrant Downtown one of the City' s most desirable neighborhoods. Washington St has a hip vibe, the City' s best food and coffee scene, excellent access to public transit and ever-expanding housing options. Property Description Two multi-tenant office buildings in Downtown Reno. 100 & 140 Washington are newly renovated two story buildings providing approximately 35,742 SF 98% leased to quality tenants. The Properties were constructed in 1965 and 1969 and completely renovated in 2015 and 2017 included all new interiors with high-end finishes and new building systems. Tenant spaces include glass-walled meeting rooms and offices, kitchens with stainless steel Stats For more information Dan Oster, SIOR O: doster@ Chase Houston O: chouston@ DEMOGRAPHICS Population Avg. HH Income 0.5 Miles 3,410 $47, Miles 96,450 $56,612 5 Miles 225,732 $61,740

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5 Investment Overview 30% LOAN/25-YR AMORTIZATION/5% APR Price $7,200,000 Number of Units 18 Price per Unit $400,000 Approximate Square Footage 35,742 Price per Square Footage $201 GRM CAP Rate 6.46% Operating Data 30% LOAN/25-YR AMORTIZATION/5% APR Gross Operating Income $628,399 Operating Expenses - $163,517 Net Operating Income $464,882 Debt Service - $343,739 Pre-Tax Cash Flow $121,143 Cash-on-Cash Return % (yr 1) 5.27% Principal Reduction (yr 1) + $101,033 Total Return (yr 1) $222,176 Return on Investment % 9.66% Financing Data 30% LOAN/25-YR AMORTIZATION/5% APR Loan Amount $4,900,000 LTV 68.06% Interest Rate 5.000% Debt Service $343,739 Debt Service Monthly $28,644 Amortization 25

6 Dan Oster, SIOR Senior Vice President & Principal Industrial & Office Properties tel cell fax Memberships & Affiliations Dan is a past president of the Northern Nevada Roundtable of the Council of Supply Chain Management Professionals (CSCMP) and is an active member of Entrepreneur's Organization (EO Reno/Tahoe), SIOR, EDAWN, and NNDA. Clients he has represented include ProLogis, Panattoni Development, McKenzie Properties, TDC Development Company, Legacy Supply Chain Solutions, and many local and regional organizations. Professional Background Dan's primary responsibility is to listen to a client's requirement then help them make the best decision possible based on the most relevant information available. After spending eight years managing corporate information systems, Dan entered the commercial real estate field in 2004 specializing in the sale and leasing of industrial properties. Dan has participated in the sales and leasing of a wide variety of Industrial & Office Properties and Land in Northern Nevada. Education Dan earned both a Bachelor of Science in Management and his Master of Business Administration from the University of Nevada, Reno, where he was also elected student body president while an undergraduate. He is currently an adjunct professor in the graduate School of Business at the University of Nevada, teaching an advanced seminar on Supply Chain Management.

7 Chase Houston Senior Associate tel cell Memberships & Affiliations Chase is an active member of: --EDAWN --YPN --CREW --RAD --NAIOP Young Developers Education MBA, University of Nevada, Reno BS in Economics with a minor in Japanese, University of Nevada, Reno Professional Background Chase specializes in office and investment transactions including tenant representation, project leasing, investment sales, and owner/user sales. He provides his clients with next generation representation by utilizing the leading tools and resources available to assist clients in making informed real estate decisions. Through a dedicated focus on clients goals and the consistent monitoring of the market, Chase is highly proficient in analysis and targeted marketing and possesses dynamic negotiation and execution skills. Prior to joining NAI Alliance in 2016, Chase worked for the CoStar Group, the largest commercial real estate research and marketing software company in the US. While there, he trained clients on how to best conduct research and market commercial properties. He also worked directly with commercial banks and investors to help value properties, find off-market opportunities, and balance portfolio risk.