OFFICE FOR SALE INVESTMENT OPPORTUNITY - FREESTANDING WAREHOUSE SPACES S Main St, Porterville, CA PROPERTY FEATURES

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1 SALE PRICE: $630,000 PRICE PER SF: $65.79 CAP RATE: 9.17% LOT SIZE: 2.0 Acres BUILDING SIZE: 9,576 SF BUILDING CLASS: B YEAR BUILT: 1986 ZONING: IG MARKET: South Porterville Industrial SUB MARKET: Main Street Commercial Service PROPERTY FEATURES Investment Opportunity: (4) Freestanding Buildings Fully Leased w/ Long-Term Stable Tenants ±9,576 SF Total on ±2 Acres Of Land Well Maintained Buildings Easy Access from Surrounding Major Corridors Office/Showroom, Rollup Doors, Fenced Yard Area Flexible Zoning Allowing for Many Uses Functional Warehouse Spaces w/ Large Parking Area Equipped w/evaporative Coolers & Heaters Main Street Frontage & Signage Semi Access Available CROSS STREETS: E Yates Avenue

2 PROPERTY OVERVIEW Four Freestanding buildings totaling ±9,576 SF spread throughout 5 suites on 2.00 Acres of Land (87,120 SF). Consists of 6, long term tenants all with great, upside potential. Currently 100% occupied: value-add investment by renewing current tenants on longer term leases or an Owner/User who can utilize a portion of the building and benefit from the built in passive income. Buildings and Land area are 100% leased bringing in $5, per month. Long term tenants who have historically signed 3-year leases; current leases have 6-10 months remaining. Each space features a functional space that each tenant has made substantial tenant improvements to. Each building has been well maintained and requires little management (concrete yard area). Spaces are equipped with plenty of power, ground level roll up doors, restrooms, sky lights, air vents, evaporative coolers, heaters and security. LOCATION OVERVIEW This property is well located on Main Street just south of the Highway 190 Exit, east of Highway 65, west of Plano Street

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5 INVESTMENT OVERVIEW 2017 PERFORMANCE Price $630,000 Price per SF $65.79 CAP Rate 9.2% Cash-on-Cash Return (yr 1) % Proposed Loan Total Return (yr 1) $35,956 Proposed Loan Debt Coverage Ratio 1.87 OPERATING DATA 2017 PERFORMANCE Gross Income $69,810 Operating Expenses $12,010 Net Operating Income $57,800 Proposed Loan Pre-Tax Cash Flow $26,863 FINANCING DATA 2017 PERFORMANCE Proposed Loan Down Payment $189,000 Proposed Loan Amount $441,000 Proposed Loan Debt Service $30,937 Proposed Loan Debt Service Monthly $2,578 Proposed Loan Principal Reduction (yr 1) $9,093

6 INCOME SUMMARY 2017 PERFORMANCE PER SF 1309, Herbalife & Luis Juarez $10,055 $ B, Hands on Hydroponics $10,800 $ C, Porterville First Marshallese Full Gospel Church $7,798 $ (Land), G & M Auto Repair $3,000 $ A, G & M Auto Repair $9,850 $ B, Estrella Blanca Propane $12,107 $ (Land), Estrella Blanca Propane $3,000 $ (Rear Land), Adan Barajas & Sarha Barajas $13,200 $1.38 GROSS INCOME $69,810 $7.29 EXPENSE SUMMARY 2017 PERFORMANCE PER SF Taxes $6,300 $0.66 Insurance $3,250 $0.34 Water/Trash/Landscape $2,460 $0.26 GROSS EXPENSES $12,010 $1.25 NET OPERATING INCOME $57,800 $6.04

7 TENANT NAME UNIT NUMBER UNIT SIZE (SF) LEASE START LEASE END ANNUAL RENT % OF BUILDING Herbalife & Luis Juarez ,862 April 1, 2015 Feb 28, 2018 $10, Hands on Hydroponics 1309-B 2,204 May 1, 2016 April 30, 2019 $10, Porterville First Marshallese Full Gospel Church 1309-C 1,444 March 1, 2015 Feb 29, 2019 $7, G & M Auto Repair (Land) 3,000 May 1, 2016 Jan 31, 2018 $3, G & M Auto Repair 1315-A 1,824 Feb 1, 2015 Jan 31, 2018 $9, Estrella Blanca Propane Estrella Blanca Propane Adan Barajas & Sarha Barajas 1315-B 2,242 March 1, 2016 Feb 28, 2018 $1, (Land) 3,000 March 1, 2016 Feb 28, 2018 $3, (Rear Land) 33,460 Oct 7, 2016 May 31, 2018 $13, TOTALS/AVERAGES 49,036 $69,816

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9 POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 3,891 41,118 75,599 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 1,089 12,049 22,214 # OF PERSONS PER HH AVERAGE HH INCOME $37,954 $42,930 $50,189 AVERAGE HOUSE VALUE $202,198 $199,206 $216,261 RACE 1 MILE 3 MILES 5 MILES % WHITE 67.3% 70.6% 71.4% % BLACK 1.8% 1.3% 0.8% % ASIAN 1.3% 2.2% 3.5% % HAWAIIAN 0.9% 0.1% 0.1% % INDIAN 1.4% 1.8% 1.6% % OTHER 22.8% 21.0% 19.2% ETHNICITY 1 MILE 3 MILES 5 MILES % HISPANIC 69.7% 67.0% 62.2% * Demographic data derived from 2010 US Census