Garin Ranch. Brentwood, CA Lender owned Retail AND office mixed use center. item RC338. Listed for Sale Exclusively by: Jon Gianulias.

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1 Garin Ranch Brentwood, CA Lender owned Retail AND office mixed use center Listed for Sale Exclusively by: CA DRE # item RC CA DRE # CA DRE #

2 INVESTMENT HIGHLIGHTS OFFERING SUMMARY All Building Improvements Included 750 Feet of Frontage on Brentwood Blvd Address Brentwood Blvd & Balfour Road Brentwood, CA ±17,600 SF of Office and ±37,800 Sf of Retail Register at Auction.com now to view this offering Bidding at Auction.com October 9-11, 2012* * buyers must complete due diligence review prior to purchase. Documents are available now; register to review here. Year Built 2004 APNs (Contra Costa County) , 29, 31, 33, and 34 Price Best Offer NOI (In-Place) $337,403 NOI (Proforma) $679,312 Gross Leasable Area Land Area Included ±55,376 SF ±236,750 SF (±5.435 ac) on 5 Legal Parcels Auction October 9-11, 2012 Item Number B085 RC-338 Registration Garin Ranch Documents Buyers must complete due diligence review prior to purchase. Documents are available now; register to review them here.

3 INVESTMENT HIGHLIGHTS Garin Ranch, Brentwood CA Location Mixed Use Future Development Garin Ranch is a retail and office mixed use project on Brentwood Blvd, formerly CA Highway 4. Traffic on Brentwood Blvd at the site is 13,600 cars per day, and it serves as a commuter thoroughfare for residents and employees in Brentwood, Discovery Bay, Oakley and Byron. There are 44,000 residents within 3 miles of Garin Ranch, with an average household income of $90,700. Garin Ranch consists of ±17,600 SF of office and ±37,800 SF of retail. The office portion consist of one, 2-story building and the retail space is in 4, single-story buildings. Retail tenants include O Reilly Auto Parts in a freestanding, single-tenant pad; Starbucks in an end-cap space with a drivethru; Jamba Juice, also on a highly visible end-cap space; and a variety of local and semi-regional shops and services. There are approximately 3.1 acres of unbuilt land within the center, party to the REA, but not included in this offering. The owner of the offering portion shall be the managing and approving party of the REA, and is responsible for center-wide management.

4 Site Plan Garin Ranch, Brentwood CA LAND (NAP) LAND (NAP) LAND (NAP) Bldg F (8660) Floor 1: Law Office, Apex, 5,898 SF Available Floor 2: 8,930 SF Available Bldg E (8650) LA BOXING YOGA Bldg A (8600) QUIZNO S POSH SALON SÑR FUEGO Bldg B (8610) Starbucks Drive-Thru CHINA VILLA PIZZA GUYS LAND (NAP) INTERO Bldg D (8630) BALFOUR RD Balfour Road BRENTWOOD BLVD Asset Management Corporation Property is currently managed and leased by: ProEquity Asset Management AVAILABLE Not Included; REA Participants.

5 Rent Roll Garin Ranch, Brentwood CA Rent - In Place Increases Suite Tenant Sq Ft (±) Share Start End Annual Monthly $/SF On To Options / Comments A 8600 O'Reilly Auto Parts 6, % May 04 May 14 $154,272 $12,856 $1.98 Fixed 2, 5 Yr options at FMR, > previous rent B 8610A Quizno's 1, % Jan 12 Dec 15 $36,960 $3,080 $2.20 Jan 13 $3,178 No options Jan 14 $3,262 B 8610C Posh Salon 1, % Jan 10 Oct 12 $35,772 $2,981 $2.25 Fixed No options B 8610F Senor Fuego Tamales 1, % May 11 Apr 16 $30,000 $2,500 $2.01 May 13 $2,600 1, 5 yr option May 14 $2,800 May 15 $3,250 B 8610G China Villa 1, % Jun 10 May 13 $35,010 $2,917 $2.26 N/A 1, 3 yr option B 8610H Pizza Guys 1, % Nov 09 Oct 12 $37,152 $3,096 $2.58 Fixed In final option B 8610I Starbucks (Drive thru, Patio) 1, % Aug 04 Aug 14 $54,000 $4,500 $3.00 Option 1 $5,175 2, 5 yr options Option 2 $5,955 D 8630A1 Jamba Juice 1, % Jul 05 Jun 15 $44,168 $3,681 $2.88 Fixed 2, 5 yr options at $3.31 and $3.81, flat D 8630C Discovery Bay Realty 1, % Nov 10 Jul 15 $28,167 $2,347 $1.33 Aug 13 $2,418 No options (Intero Real Estate) Aug 14 $2,490 E 8650A/D LA Boxing 6, % May 09 Aug 13 $100,620 $8,385 $1.32 Sep 12 $8,637 No options E 8650H Brentwood Yoga 1, % Sep 10 Aug 13 $25,200 $2,100 $1.64 Sep 12 $2,568 No options F 8660C HF Layton Law Office 1, % Jan 07 Jul 12 $27,864 $2,322 $2.15 Fixed Negotiating 3 yr renewal F 8660E Apex Securities 1, % Sep 11 Sep 14 $28,080 $2,340 $1.40 Oct 12 $2,915 1, 2 Yr option at FMR, > previous rent Leased GLA 27, % $1.90 Average In Place B 8610B AVAILABLE 1, % $21,996 $1,833 $1.50 B 8610D AVAILABLE 1, % $23,994 $2,000 $1.50 B 8610E AVAILABLE 1, % $25,200 $2,100 $1.50 D 8630A2 AVAILABLE 2, % $51,102 $4,259 $1.50 D 8630B AVAILABLE 3, % $36,516 $3,043 $1.00 E 8650E/G AVAILABLE 2, % $42,030 $3,503 $1.25 F 8660A AVAILABLE 1, % $23,385 $1,949 $1.25 F 8660B AVAILABLE 2, % $41,925 $3,494 $1.25 F 8660D AVAILABLE 1, % $16,245 $1,354 $1.25 F 8660E2 AVAILABLE % $6,915 $576 $1.25 F A/D AVAILABLE 5, % $68,640 $5,720 $1.00 F E/H AVAILABLE 3, % $38,520 $3,210 $1.00 Subtotal Available 27, % Asset Management Corporation Property is currently managed and leased by: ProEquity Asset Management TOTAL OFFERING 55,376

6 Aerial View Garin Ranch, Brentwood CA LAND (NAP) Garin Elementary A B LAND (NAP) BRENTWOOD BLVD - 13,600 cpd F LAND (NAP) D E BALFOUR ROAD - 6,000 cpd

7 Parcel Map Garin Ranch, Brentwood CA LAND (NAP) LAND (NAP) F 2-STORY OFFICE RETAIL E D A O REILLY RETAIL B LAND (NAP) RETAIL 5 Legal Parcels

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9 Income Capitalization Valuation Summary CY 2013 In Place Proforma Min. Rent, Leased 27,909 SF 593, ,715 Min. Rent, Vacancies 27,467 SF 396,468 NNN, Leased 115, ,489 1 NNN, Vacancies 164,505 2 Total Gross Income $708,313 $1,333,177 Vacancy Allowance 20% (266,635) Effective Gross Income $708,313 $1,066,542 Expenses Common Area Charges 223, ,449 3 Insurance 48,482 48,482 4 Property Taxes 75,251 75,251 5 Management Fee 4.0% 23, % 40,047 6 Total Expenses (370,910) (387,229) Net Operating Income $337,403 $679,312 Footnotes 1 Includes discernable caps for Starbucks, Jamba and Intero 2 Assumes NNN reimbursements from retail and modified gross from office 3 From Year End 2011 Actuals plus inflation 4 Est. at $0.35/sf/yr for GL and Property policies, plus $0.50/sf/yr for Quake 5 Estimate based on current millage rate 6 4% of Base Rental Revenue

10 10-Yr Cash flow Garin Ranch, Brentwood CA Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 For the Years Ending Dec-2013 Dec-2014 Dec-2015 Dec-2016 Dec-2017 Dec-2018 Dec-2019 Dec-2020 Dec-2021 Dec-2022 Dec-2023 Scheduled Base Rental Revenue 803, ,369 1,006, ,509 1,002, , ,273 1,006,268 1,035,115 1,060,981 1,062,502 Total Reimbursement Revenue 169, , , , , , , , , , ,439 Total Potential Gross Revenue 972,906 1,276,044 1,301,448 1,304,326 1,313,821 1,306,915 1,328,150 1,364,681 1,403,622 1,439,520 1,438,941 Vacancy Factor 30% 25% 20% 15% 10% 10% 10% 10% 10% 10% 10% (after existing vacancy) (35,253) (183,605) (126,727) (125,975) (116,912) (98,507) (115,377) (132,505) (135,195) (134,117) (106,779) Effective Gross Revenue 937,653 1,092,439 1,174,721 1,178,351 1,196,909 1,208,408 1,212,773 1,232,176 1,268,427 1,305,403 1,332,162 Operating Expenses CAM 200, , , , , , , , , , ,495 Office Building 11,629 11,978 12,337 12,707 13,088 13,481 13,885 14,302 14,731 15,173 15,628 Retail Buillding 11,290 11,629 11,977 12,337 12,707 13,088 13,481 13,885 14,302 14,731 15,173 Insurance Bldg 11,407 11,750 12,102 12,465 12,839 13,224 13,621 14,030 14,451 14,884 15,331 Insurance GL 8,556 8,812 9,077 9,349 9,629 9,918 10,216 10,522 10,838 11,163 11,498 Insurance Quake 28,519 29,374 30,255 31,163 32,098 33,061 34,053 35,074 36,127 37,210 38,327 Property Tax 75,251 76,756 78,291 79,856 81,454 83,083 84,744 86,439 88,168 89,931 91,730 Management Fee Cost 32,125 39,775 40,250 39,940 40,089 39,808 39,811 40,251 41,405 42,439 42,500 Total Operating Expenses (379,307) (396,620) (407,031) (416,941) (427,602) (438,132) (449,254) (461,129) (474,047) (487,177) (499,682) Net Operating Income 558, , , , , , , , , , ,480 Leasing & Capital Costs Tenant Improvements 423,173 32,185 7,620 6,613 16,641 60,768 46,803 7,620 6,613 16,641 Leasing Commissions 73,703 12,944 3,025 3,944 7,507 28,331 21,204 3,506 4,572 8,703 Capital Reserves 8,306 8,306 8,306 8,306 8,306 8,306 8,306 8,306 8,306 8,306 Total Leasing & Capital Costs (505,182) (53,435) (18,951) (18,863) (32,454) (97,405) (76,313) (19,432) (19,491) (33,650) Cash Flow 53, , , , , , , , , ,576

11 cash flow assumptions Garin Ranch, Brentwood CA GLOBAL Analysis Period Commencement Date January 1, 2013 Term (Yrs) 10 Area Measures Offering Square Feet 55,376 Total GLA Owned & Managed 55,376 General Vacancy (after absorption & turnover) Year 1 25% Year 2 20% Year 3 15% Years 4+ 10% Annual Growth Rates Yrs 1 2 0% Yrs 3+ 3% General 3% Property Taxes 2% (per Prop 13) Costs and Fees Management Fees 4% Scheduled Base Rent Capital Reserves $0.15 PSF Expense Recovery Type(s) General Retail, Assumed NNN (including mgmt), no admin General Office, Assumed Modified Gross (Offic R&M, RE Taxes) Operating Expense Sources Common Area Costs 2011 Actuals RE Taxes Reassessed? Yes CURRENT VACANCIES AND SECOND GENERATION LEASING Retention Ratio 75% Lease Term 5 Yrs Monthly Market Rent Brentwood Blvd Frontage $1.50 PSF Balfour Rd, Rear Locations $1.25 PSF Ground Floor Office $1.25 PSF Upstairs Office $1.00 PSF Rent Adjustments 3% annually Recoveries Retail NNN + 15% in lieu of Mgmt Fee Recoveries Office Modified Gross (Offc Bldg, RE Taxes) Leasing Costs TIs, Retail, Warm Shell Office $10/SF TIs, Cold Shell Office $35/SF Commissions 5% Yrs % Yrs 6 10 Downtime 6 months VACANT SPACE LEASING SCHEDULE Current Vacancy as of August ,467 SF Percentage Vacancy as of August % Absorption Schedule Suite Size Start Mo Rate B B 1,222 SF 9 $1.50 NNN B D 1,333 SF 12 $1.50 NNN B E 1,400 SF 15 $1.50 NNN D A2 2,839 SF 18 $1.50 NNN D B 3,043 SF 24 $1.00 NNN E G 2,802 SF 27 $1.25 NNN F1 A 1,559 SF 6 $1.25 Modified Gross F1 B 2,795 SF 9 $1.25 Modified Gross F1 D 1,083 SF 15 $1.25 Modified Gross F1 E2 461 SF 18 $1.25 Modified Gross F2 A/D 5,720 SF 21 $1.00 Mod. Gross, cold shell F2 E/H 3,210 SF 24 $1.00 Mod. Gross, cold shell

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13 Location & Market Garin Ranch, Brentwood CA SACRAMENTO BRENT WOOD SAN FRANCISCO SUBJECT Garin Ranch DUBLIN LIVERMORE

14 Location & Market Garin Ranch, Brentwood CA Kmart 160 BRENTWOOD & OAKLEY, CA Major Retailers COUNTY CROSSINGS Proposed +/-1.5 million SF E 1 8TH ST CYPRESS SQUARE Raley's OAKLEY TOWN CTR Lucky, Rite Aid DEER VALLEY SQUARE Walgreens 4 M A I N ST O A K L E Y 4 ROMANO VINEYARDS Safeway (Proposed) E CYPRESS RD THE CROSSINGS Safeway, Rite Aid DEER DEER DEER DEER DEER DEER DEER DEER DEER VALLEY VALLEY VALLEY VALLEY VALLEY VALLEY VALLEY VALLEY VALLEY RD RD RD RD RD RD RD RD RD A N T I O C H HILLCREST RD 4 N ERO ERO ERO ERO ERO ERO ERO ERO ERO LY LY LY LY LY LY LY LY LY RD RD RD RD RD RD RD RD RD EMPIRE AVE O H A RA AV E 4 THE ORCHARD AT SLATTEN RANCH JC Penney, planned lifestyle center SLATTEN RANCH Target, Mervyn's (Dark), Barnes & Noble, Sport Chalet, Cost Plus, Pier 1, PetsMart, Office Depot, Old Navy WinCo Foods, Walgreens, Best Buy DELTA RD K N I G H T S E N Rite Aid DEER VALLEY PLAZA Lucky, CVS/pharmacy WILLIAMSON RANCH PLAZA Wal-Mart, OSH, Staples, Big 5 Lowe's EM PI RE M I N E RD LO N E TREE WAY LONE TREE PLAZA Home Depot, Kohl's, Petco, Michaels Sports Authority, Trader Joe's Walgreens Walgreens CVS, Fresh & Easy Safeway CITY BLOCK S SAND CREEK RD STATE STATE STATE STATE STATE STATE STATE STATE STATE HWY HWY HWY HWY HWY HWY HWY HWY HWY BYPASS BYPASS BYPASS BYPASS BYPASS BYPASS BYPASS BYPASS BYPASS FA FA FA FA FA FAI FA FA FAI I I I I I I I RV RV RV RV RV RV RV RV RV I I I I I I I I I E E E E E E E E E W W W W W W W W W AV A AV A AV A A AV A V V V V V E E E E E E E E E THE STREETS OF BRENTWOOD DSW, REI, Bath & Body Works BALFOUR CROSSING Raley's, TJMaxx, Ross, Home Goods B R E N T W O O D DA I N TY A V E BALFOUR RD BRENTWOOD BLVD WALNUT WALNUT WALNUT WALNUT WALNUT WALNUT WALNUT WALNUT WALNUT BLVD BLVD BLVD BLVD BLVD BLVD BLVD BLVD BLVD BRENTWOOD BLVD competition map SUNSET RD SELLERS AVE BRENTWOOD RD SUNSET PLAZA BRENTWOOD PLAZA Centromart BRENTWOOD TOWN CENTER Safeway, CVS/pharmacy FoodMaxx GARIN RANCH SUBJECT BALFOUR PLAZA Walgreens M i l e s B YRO N H W Y 0 1 / 2 1

15 Location & Market Garin Ranch, Brentwood CA LONE TREE WAY fresh &easy FAIRVIEW AVE BALFOUR RD BRENTWOOD BLVD SUBJECT Garin Ranch BALFOUR RD

16 Demographics Garin Ranch, Brentwood CA Census, 2011 Estimates with 2016 Projections Calculated using Proportional Block Groups Census, 2011 Estimates with 2016 Projections Calculated using Proportional Block Groups Garin Ranch, Brentwood CA 1 Mile 3 Miles 5 Miles Garin Ranch, Brentwood CA 1 Mile 3 Miles 5 Miles POPULATION MARITAL STATUS INCOME AGE HOUSEHOLDS & SEX 2011 Estimated Population 8,575 44,021 95, Projected Population 8,849 44, , Census Population 9,358 43,392 96, Census Population 5,565 23,947 53,544 Historical Annual Growth 2000 to % 7.6% 7.2% Projected Annual Growth 2011 to % 0.4% 1.2% 2011 Est. Households 2,848 14,187 29, Proj. Households 2,911 14,292 31, Census Households 3,009 14,112 30, Census Households 1,851 7,707 16,929 Historical Annual Growth 2000 to % 4.0% 3.6% Projected Annual Growth 2011 to % 0.1% 0.9% 2011 Est. Population 0 to 9 Years 15.1% 13.5% 13.0% 2011 Est. Population 10 to 19 Years 15.5% 15.0% 14.7% 2011 Est. Population 20 to 29 Years 12.6% 12.5% 12.2% 2011 Est. Population 30 to 44 Years 19.9% 20.2% 20.0% 2011 Est. Population 45 to 59 Years 19.0% 20.0% 21.6% 2011 Est. Population 60 to 74 Years 12.4% 13.0% 12.7% 2011 Est. Population 75 Years Plus 5.5% 5.8% 5.8% 2011 Est. Median Age Est. Male Population 50.0% 49.0% 50.0% 2011 Est. Female Population 50.0% 51.0% 50.0% 2011 Est. Never Married 20.0% 19.3% 20.4% 2011 Est. Now Married 64.2% 64.7% 64.3% 2011 Est. Separated or Divorced 11.6% 11.9% 11.7% 2011 Est. Widowed 4.3% 4.1% 3.7% 2011 Est. HH Income $200,000 or More 5.6% 6.9% 7.8% 2011 Est. HH Income $150,000 to $199, % 12.0% 11.4% 2011 Est. HH Income $100,000 to $149, % 21.8% 24.3% 2011 Est. HH Income $75,000 to $99, % 15.9% 17.0% 2011 Est. HH Income $50,000 to $74, % 16.9% 15.2% 2011 Est. HH Income $35,000 to $49, % 9.9% 9.7% 2011 Est. HH Income $25,000 to $34, % 5.5% 5.1% 2011 Est. HH Income $15,000 to $24, % 5.7% 4.6% 2011 Est. HH Income $0 to $14, % 5.5% 5.0% 2011 Est. Average Household Income $81,511 $90,674 $96, Est. Median HH Income $71,831 $82,823 $89, Est. Per Capita Income $27,114 $29,409 $30, Est. Number of Businesses 285 1,377 2, Est. Total Number of Employees 2,497 11,139 18,761 EDUCATION HOME VALUES HOMES BUILT BY YEAR HOUSING HISPANIC RACE (Adults 25 or Older) 2011 Est. White Population 67.6% 66.4% 64.6% 2011 Est. Black Population 5.6% 7.2% 8.1% 2011 Est. Asian & Pacific Islander 5.8% 8.0% 8.8% 2011 Est. American Indian & Alaska Native 0.9% 0.7% 0.7% 2011 Est. Other Races Population 20.1% 17.7% 17.8% 2011 Est. Hispanic Population 2,941 13,113 28, Est. Hispanic Population Percent 34.3% 29.8% 29.3% 2016 Proj. Hispanic Population Percent 38.2% 33.4% 32.7% 2010 Hispanic Population Percent 34.7% 28.6% 28.1% 2011 Est. Adult Population (25 Years or Older) 5,340 28,492 62, Est. Elementary (0 to 8) 8.9% 6.9% 6.0% 2011 Est. Some High School (9 to 11) 7.9% 6.9% 6.0% 2011 Est. High School Graduate (12) 27.5% 23.8% 25.2% 2011 Est. Some College (13 to 16) 21.9% 25.1% 25.5% 2011 Est. Associate Degree Only 7.5% 10.0% 9.9% 2011 Est. Bachelor Degree Only 16.8% 17.7% 19.0% 2011 Est. Graduate Degree 9.5% 9.6% 8.3% 2011 Est. Total Housing Units 3,060 15,084 31, Est. Owner Occupied Percent 66.4% 76.3% 76.3% 2011 Est. Renter Occupied Percent 26.8% 17.7% 16.7% 2011 Est. Vacant Housing Percent 6.9% 6.0% 7.0% 2000 Homes Built 1999 to % 11.2% 7.5% 2000 Homes Built 1995 to % 32.0% 25.8% 2000 Homes Built 1990 to % 16.1% 20.2% 2000 Homes Built 1980 to % 11.9% 21.8% 2000 Homes Built 1970 to % 11.6% 10.3% 2000 Homes Built 1960 to % 6.0% 4.7% 2000 Homes Built 1950 to % 6.2% 4.9% 2000 Homes Built Before % 5.0% 4.8% 2000 Home Value $1,000,000 or More 0.7% 0.4% 0.3% 2000 Home Value $500,000 to $999, % 2.5% 4.2% 2000 Home Value $400,000 to $499, % 4.2% 4.2% 2000 Home Value $300,000 to $399, % 19.7% 15.1% 2000 Home Value $200,000 to $299, % 44.5% 41.6% 2000 Home Value $150,000 to $199, % 18.0% 24.0% 2000 Home Value $100,000 to $149, % 9.2% 9.0% 2000 Home Value $50,000 to $99, % 1.3% 1.3% 2000 Home Value $25,000 to $49, % 0.3% 0.2% 2000 Home Value $0 to $24, Median Home Value $228,771 $241,779 $237, Median Rent $747 $852 $884

17 This property is available for sale at Bids will be accepted October 9-11, How it works: 1 REGISTER Go to Auction.com to create an account (or log in to your existing account) and register for this auction through this property s listing page. 2 DUE DILIGENCE, FINANCING, AND DEPOSIT Due diligence documents are available for review now, and buyers must complete their review of documents prior to purchase. The winner s purchase agreement contains no inspection or review contingency, and close of escrow is approximately 24 hours after acceptance of the winning bid. Auction.com does not provide or facilitate financing, and all purchases must be funded in cash. If you intend to bid, Auction.com will require a bidder deposit, applicable to purchase price and fully refundable to non-winning bidders. See Auction.com for details. 3 PROOF OF FUNDS, ENTITY DOCUMENTATION, AND BIDDING Details on Auction.com s qualifying process for proof of funds and certification of purchase entity are available online. Bids are placed via the property s listing page after you ve registered for this auction. 4 CLOSING Winning Bidders are contacted via phone and following the auction, and must be available via phone within 2 hours of the sale to receive instructions on the purchase agreement and closing documents. Also for listed for sale by Core Commercial: Willow Creek, Folsom CA (auction.com) Single Tenant, Anchored and Shadow Anchored Retail COPYRIGHT ALL RIGHTS RESERVED, DISCLOSURE AND REPRODUCTION IS PROHIBITED. CORE Commercial ( Agent, 2264 Fair Oaks Blvd, Sacramento 95825, CA DRE No in cooperation with Auction.com, Inc., Lic. No ) presents this memorandum to assist the recipient in evaluating this property s suitability for investment. This confidential material contains brief, selected information pertaining to the Property and shall not be considered all-inclusive or unchanged since the date of preparation. No warranty as to the accuracy or completeness is expressed or implied. The information has been received from sources believed to be reliable but is not guaranteed. Agent disclaims all liabilities in connection with any inaccuracies or incompleteness. Buyer should independently verify each item of information and have the same reviewed by its tax advisor and/or legal counsel. You agree that (a) the materials are of a highly confidential nature and will be held in the strictest confidence or shall be returned to Agent upon request; (b) you shall not contact any property manager, employee or tenant of the Property regarding the enclosed materials or the Property, without prior approval of Agent; and (c) you understand and agree that Agent represents Seller and not Buyer. Neither Seller nor Agent shall have any obligation to pay any commission, finder s fee, or other compensation to any broker or other person dealing with Buyer. You may provide information to persons retained for the purpose of evaluating the Property after first obtaining a signed confidentiality agreement from such persons to keep such information confidential. You shall defend, indemnify and hold harmless Seller, Agent and its affiliates from and against any claims, demands, damages, or liabilities, including reasonable attorneys fees, relating to any claim for a commission, finder s fee or other compensation by any broker or other person dealing with the Buyer. The Property is being sold on an as-is, where-is and with all faults basis. Seller reserves the right to withdraw the Property from consideration for sale at any time and for any reason, with or without cause.

$5,715,000 OFFERING MEMORANDUM LOS BANOS, CA. Listed for Sale Exclusively by: Jon Gianulias. Mark Denholm. John DuBois

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