value added multi-tenant retail center for sale 1337 S Gilbert Road Mesa, AZ (SEC Gilbert Rd & Southern Ave) PRICE: $4,550,000 ($115 PSF)

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1 value added multi-tenant retail center for sale 1337 S Gilbert Road Mesa, AZ (SEC Gilbert Rd & Southern Ave) PRICE: $4,550,000 ($115 PSF) NOW: $4,400,000 ($111 PSF) E Baseline Rd

2 center features 1337 S Gilbert Road Mesa, AZ The center is constructed of block with a decorative brick facade. The walkway is covered by an attractive copper colored metal roof and features a decorative bronze fascia on the underside. The property has relatively good visibility from Gilbert Rd. and features a multi-tenant monument sign on Gilbert Rd. There are 23 suites although some tenants occupy more than one suite. HIghlights 51% Leased $111 PSF 43,111 VPD on Gilbert Rd Great Value Added Potential with Current 49% Vacancy Current Capitalization Rate of 5.9% at 51% Occupancy; Potential Capitalization Rate of 11.7% at 93% Occupancy property details Attractive 39,618 SF Multi-Tenant Retail Building 3.33 Acre Parcel Constructed in 1986 Zoning: LC, City of Mesa (Formerly called C-2) Suites can be used for Retail, Office, or Medical It is in the opinion of the listing brokers that a medical office would be a great use for the property

3 1337 S Gilbert Road Mesa, AZ th S Southern Ave NHAMPTON AVE GILBERT RD (43,111 VPD) Coming Soon INDIAN OVEN AUTHENTIC INDIAN CUISINE FITNESS CENTER / / / U.S. RENAL CARE A 105 UNITED BLOOD SERVICES McDowell Rd University Dr Rural Rd zona Ave Country Club Mesa Dr Gilbert Rd Elliot Rd Warner Rd Ray Rd Chandler Blvd U

4 1337 S Gilbert Road Mesa, AZ DEMOGRAPHICS 1 Mile 3 Miles 5 Miles Population 20, , ,372 Households 6,808 55, ,623 Average Age Median HHI $51,767 $51,328 $53,841 Daytime Employees 5,799 54, ,056

5 value added multi-tenant retail center for sale 1337 S Gilbert Road Mesa, AZ PROFORMA INCOME & EXPENSE Item Annualized Amount Comments Projected 2018 Rent At Existing 51% Occupancy $392,785 Based On Lease Summary Attached On An Annualized Basis Including Cam Payments ($34,330.76/Mo X 12) Cam Reimburesment From Two Pad Buildings Under Different Ownership Projected 2018 Total Income At Existing 50.72% Occupancy $10,269 Based On Actual NNN Reimbursement 1/2017-5/2017 Annualized $403,054 Projected 2018 Expenses At Existing Occupancy $144,607 ($3.65/PSF) Based On 2016 Operating Expenses Plus 2.25% City Of Mesa Rental Tax Which Were Not Included In These Expenses Minus Interest Expense & Internal Overhead Expenses. (Note: The Expenses Shown Include A 4% Management Fee) Projected 2018 Net Operating Income At 50.72% Occupancy $258, % Capitalization Rate At 51% Occupancy Potential Additional Income From Lease Up To 93% Occupancy $256,698 93% X 39,401 SF= 36,643 SF Occupied At 93% Occupancy 36,643 SF - 19,985 SF Currently Leased = 16,658 Additional SF to Lease For 93% Occupancy Additional 16,658 SF X ($12 NNN + $3.41 Cam) = $256,698 Additional Income At 93% Leased Potential Net Operating Income At 93% Leased $515, % Indicated Capitalization Rate At 93% Occupancy

6 value added multi-tenant retail center for sale 1337 S Gilbert Road Mesa, AZ Suite breakdown, rates, & comments Lease Lease Lease Monthly $ Total Suite Tenant Start End Sq. Ft. Rent PSF Payment (w/nnn) Notes Blood Systems, Inc. 8/1/ /30/2023 5,689 $8, $10, Blood Systems, Inc. see above Reimburses Pro-Rata Share of CAM,Taxes,Insurance & Management 10% Admin Fee(cam,taxes,Insurance); 2 (3 yrs) Option at 2% annual increases.* Reimburses Pro-Rata Share of CAM,Taxes,Insurance & Management 10% Admin Fee(cam,taxes,Insurance); 2 (3 yrs) Option at 2% annual increases* 105A Vacant 1, Vacant 2, DSI Renal, Inc. 11/20/1993 6/30/ ,904 $13, $18, Vacant 2, Vacant 1, Vacant 1, Vacant 3, Vacant 1, Vacant 1, Vacant 1, Vacant Vacant 1, Active Bodies 10/9/ /31/2018 2,392 $2, $3, Reimburses Pro-Rata Share of CAM,Taxes,Insurance; 4% Mgmt Fee. 10% Admin Fee(CAM) Reimburses Pro-Rata Share of CAM,Taxes,Insurance & Management 5% of Gross Income. No Admin Fee. TOTALS: $ 24, $32, TOTAL LEASED 19,985 (51%) TOTAL VACANT 19,416 (49%) BLDG TOTAL: 39,401 (100%) * Note: Tenant signed a 5 year, 4 month renewal in April 2018 with 4 months free rent and a tenant improvement allowance of $20,000. The rent is $18.00 PSF NNN during the renewal period.