AUCTION ACRES MULTI-USE SITE PALMDALE, CA WILL BE SOLD AT ANY PRICE

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1 AUCTION ACRES MULTI-USE SITE PALMDALE, CA WILL BE SOLD AT ANY PRICE OFFERING MEMORANDUM AVE P-8 (TECHNOLOGY DRIVE) & DIVISION ST PALMDALE,CA BIDS DUE BY FEBRUARY 12, 2015

2 section 1 section 2 section 3 PRIME LOTS ACRES MULT-USE LAND PALMDALE,CA Demographics Information IN CONJUNCTION WITH NATE PIVAROFF 1230 Rosecrans Ave. Suite 160 Manhattan Beach, CA fax Los Angeles San Francisco New York Chicago Cleveland Miami BRE # BOND #

3 INFORMATION Property Description PRIME LOTS ACRES MULT-USE LAND PALMDALE, CA APN: This prime lot fronts Avenue P-8 (aka Technology Drive) which is paved with curbs, gutters, sidewalks and streetlights This parcel is visible just to the East of the 14 Freeway and the Palmdale Auto Mall Located within the Palmdale Trade and Commerce Center, the MX-A Zoning covers mixed use - commercial & light industrial with restrictions The Bond Assessment has been paid in full Seller is currently working with the City of Palmdale on entitlements and possible development opportunities. All utilities in street (Buyer to Verify.) MLS # High traffic location: 7,700 cars daily (2013*) Demographics Information PAGE 3

LOCATION ADVANTAGES STRATEGIC LOCATION TO LOS ANGELES, CA The property is located a little over an hour from Los Angeles, California, the most populous city in the state of California and the 2nd

TWIN CITY NETWORK WITH LANCASTER, CA The property is minutes from Lancaster, California, a charter city in northern Los Angeles County in the Antelope Valley of western Mojave in Southern California.

4 LOCATION ADVANTAGES STRATEGIC LOCATION TO LOS ANGELES, CA The property is located a little over an hour from Los Angeles, California, the most populous city in the state of California and the 2nd most populous city in the United States. Its proximity to the thriving metropolis with a focal point of over 13 million people places it in a thriving network of business, commerce, and industry. TWIN CITY NETWORK WITH LANCASTER, CA The property is minutes from Lancaster, California, a charter city in northern Los Angeles County in the Antelope Valley of western Mojave in Southern California. Lancaster is the 30th largest city in California. It is also the twin city of Palmdale and together they make up the principal cities within the Antelope Valley region. Demographic growth for Lancaster is predicted at 32% by the year PAGE 4

5 12.74 ACRES WEST PALMDALE FREEWAY VISIBILITY PROPERTY AERIAL CITY AERIAL PAGE 5

From corner of Division and P-8 PALMDALE looking West towards Freeway. 12.74 ACRES WEST FREEWAY VISIBILITY (Buildings in view are Palmdale Auto Mall) Corner of the property looking South across P-8.

6 From corner of Division and P-8 PALMDALE looking West towards Freeway ACRES WEST FREEWAY VISIBILITY (Buildings in view are Palmdale Auto Mall) Corner of the property looking South across P-8. Northeast corner of the property looking South toward Palmdale Blvd. Dirt street is Division. From corner of Division and P-8 looking West towards Freeway braunworldbid.com (Buildings in x3571 view are Palmdale Auto Mall) PAGE 6 Corner of the property looking South across P-8. Looking Southwest towards Freeway and Palmdale Auto Mall.

7 ECONOMY Demographics PALMDALE, CA UNITED STATES Recent Job Growth 2.50% 1.18% Future Job Growth 35.50% 36.10% Sales Taxes 9.00% 6.00% Income Taxes 6.00% 4.72% Income per Capita $18,695 $28,051 Household Income $54,277 $53,046 Family Median Income $54,733 $64,585 HOUSEHOLD INCOME PALMDALE, CA UNITED STATES Income Less Than 15K 10.77% 12.61% Income between 15K and 20K 4.76% 5.33% Income between 20K and 30K 10.42% 10.57% Income between 30K and 40K 10.39% 9.90% Income between 40K and 50K 8.91% 8.95% Income between 50K and 60K 9.31% 8.08% Income between 60K and 75K 10.39% 10.09% Income between 75K and 100K 13.75% 12.25% Income between 100K and 150K 14.32% 12.82% Income between 150K and 200K 4.36% 4.78% Income greater than 200K 2.63% 4.64% FUTURE JOB GROWTH OVER THE NEXT TEN YEARS IS PREDICTED TO BE 35% HOUSEHOLD INCOME PALMDALE, CA UNITED STATES Management, business, finance 9.58% 14.36% Engineering, computers, science 4.27% 5.24% Community, social services 1.79% 1.66% Legal 0.47% 1.17% Education, library 4.07% 6.10% Arts, design, media, sports, 1.10% 1.88% entertainment Healthcare practitioners and 4.45% 5.49% technology Healthcare support 2.54% 2.47% Firefighters, law enforcement 2.77% 2.24% Food preparation, serving 5.87% 5.61% Building maintenance 4.90% 3.97% Personal care 5.36% 3.54% Sales, office, administrative 26.01% 24.89% support Farming, fishing, forestry 0.21% 0.73% Construction, extraction, 11.41% 8.56% maintenance/repair Production, transportation, material moving 15.21% 12.10% Demographics *Sperling s Best Places 2014 Information PAGE 7

8 BIDDING Information This is a sealed bid auction. Bids are due February 12, 2015 at noon PT. Submit your highest and best bid. This is an absolute auction the property will be sold at any price. Sealed bid forms are available at BraunWorldbid.com. david@braunco.com Fax: Mail: BRAUN Inc., 1230 Rosecrans Ave., Suite 160, Manhattan Beach CA Attention: Palmdale, CA Land Auction REGISTRATION DEPOSIT TO BID A $50,000 registration deposit to bid must be received by BRAUN no later than February 12, 2015 at NOON PT. To submit your deposit via cashier s check or wire transfer to BRAUN, see below. WHERE TO SUBMIT YOUR REGISTRATION DEPOSIT Mail your $50,000 cashier s check, payable to Fidelity Title Company, to BRAUN, 1230 Rosecrans Ave., Suite 160, Manhattan Beach CA Attention: Palmdale, CA Land Auction. WIRE TRANSFER: Wire your $50,000 deposit to BRAUN Broker Trust Account. (Please contact us for wiring information.) EARNEST MONEY DEPOSIT In total, the buyer will be required to provide ten percent (10%) of the final purchase price. Upon the opening, the registration deposit is included in the BIDDING AND REGISTRATION INSTRUCTIONS IN ORDER TO BID, YOU MUST SUBMIT YOUR SEALED BID AUCTION OFFER AND REGISTRATION DEPOSIT ON OR BEFORE BUT NO LATER THAN FEBRUARY 12, 2015 BY NOON, PT. Please call us at x225 to confirm that we ve received your Sealed Bid and Deposit. 10%. The earnest money deposit is to be wired to Fidelity Title Company. BUYER BROKER PARTICIPATION A two-and-a-half percent (2.5%) commission will be paid to any licensed broker who represents and registers the buyer. The Broker registration form must be received by February 11, 2015 at NOON, PT PROPERTY INFORMATION We suggest bidders review the property information prior to Auction Day. The property information is a compilation of forms, reports, and title information related to the property and is available on our website for review and download. DUE DILLIGENCE MATERIALS BRAUN is providing the following information: Phase One Report Title Report PROPERTY PREVIEW The Property may be viewed at any time. Information Demographics PAGE 8

9 TIMELINE AUCTION TIMELINE DUE DILIGENCE: By February 12, 2015 All due diligence materials are availble upon request. BROKER REGISTRATION: February 11, 2015 Broker Registration forms can be found on BraunWorldbid.com, and must be submitted to us by February 11, 2015 at noon PT via mail, or fax BID & DEPOSIT DUE: February 12, 2015 at NOON PT Mail your Sealed Bid Registration form and registration deposit of $100,000. CLOSING DATE: March 14, 2015 CLOSING DATE: March 14, 2015 Information PAGE 9

10 DISCLAIMER DISCLAIMER: BRAUN is the auctioning and marketing agent, Lee & Associates, is the broker. THE PROPERTY IS BEING SOLD WITH CLEAR TITLE. ALL BIDDERS DUE DILIGENCE MUST BE DONE PRIOR TO SUBMITTING A BID. BRAUN makes no representations or warranties on approved uses of the property. This auction brochure is provided for the sole purpose of allowing a potential buyer to evaluate whether there is interest in considering a possible purchase of the subject property. The potential buyer is urged to perform its own examination and inspection of the property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information contained herein or otherwise provided. Neither BRAUN, its members, managers officers, employees or agents, nor any of its partners, directors, officers, employees and agents, nor seller and broker, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this brochure contains information relating to any hazardous materials in relation to the property, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by BRAUN, broker, sales agents or seller, as to the existence or non-existence or nature of hazardous materials in, under, on or around the property. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property. BRAUN holds the right to deny the right to bid to any person. This auction is not available to residents of any state where the real estate may not be in compliance with the real estate laws of that state. In the unlikely event that the owner does not honor any bid or fails to close title in accordance with the winning bid or contract entered into with respect to these properties, BRAUN will not be held responsible or liable in any way. Likewise, BRAUN will not be responsible if the property is unsatisfactory to the bidder in any way. BRAUN reserves the right to postpone or cancel the auction, to withdraw the property from the auction and to change any terms of the auction or particular conditions of sale upon announcement prior to or during the course of the auction. Should there be any dispute among competitive bidders for the property, BRAUN may reopen bidding on the property at BRAUN s sole discretion, designate one of the bidders as the successful bidder. All decisions by BRAUN shall be final. Bidders are required to read and acknowledge the terms and conditions of the auction and the sale and purchase agreement prior to bidding. This is an absolute auction. The property will be sold at any price. Bidders are not considered registered to bid until BRAUN receives the appropriate forms prior to the auction. PROPERTY VALUE Buyers are responsible for conducting their own due diligence. We suggest that all buyers do their own due diligence in regards to assessing value. The property was previously listed at $4 million. This is an absolute auction the property will be sold at any price. PAGE 10

DAVID JAFFE 123440 Rosecrans Ave. Suite 160 Manhattan Beach, CA 90266 fax 310.798.

11 DAVID JAFFE Rosecrans Ave. Suite 160 Manhattan Beach, CA fax Los Angeles San Francisco New York Chicago Cleveland Miami IN CONJUNCTION WITH NATE PIVAROFF

AUCTION NO RESERVE. 11,112 SF OFFICE BUILDING 1024 E Los Ebanos Blvd, Brownsville, TX BIDS DUE BY FEBRUARY 25, 2016

AUCTION NO RESERVE. 11,112 SF OFFICE BUILDING 1024 E Los Ebanos Blvd, Brownsville, TX BIDS DUE BY FEBRUARY 25, 2016 AUCTION NO RESERVE 11,112 SF OFFICE BUILDING 1024 E Los Ebanos Blvd, Brownsville, TX BIDS DUE BY FEBRUARY 25, 2016 O F F E R I N G M E M O R A N D U M OFFERING MEMORANDUM THIS IS AN OFFERING MEMORANDUM