Coronado Heights Apartments N Los Altos Ave. Tucson, AZ 85705

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1 Property Features Sale Price $500,000 Price Per Unit $50,000 Number of Units 10 Rentable Square Feet 6,570 Land 0.83 Acres CAP Rate 7.10% Property Highlights Value add opportunity Attractive unit mix Located in the flowing wells submarket Garden style community Upside in rents Garden landscaping Allan Mendelsberg, Principal Daniel Leibsohn PICOR Commercial Real Estate Services 5151 E. Broadway Blvd, Suite 115 Tucson, Arizona phone: picor.com same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

2 Property Description is a desirable, 10 unit investment opportunity in the Amphi district. It boasts 9-two bedroom/one bath units of approximately 650 square feet and 1-three bedroom/two bath unit at approximately 720 square feet. The asset was built in 1948 and has a stucco exterior. It is also individually metered for electricity. The property has been meticulously maintained with pride of ownership. This is a prime value add opportunity with below market rents and the opportunity to implement professional third party management. Allan Mendelsberg, Principal amendelsberg@picor.com Daniel Leibsohn dleibsohn@picor.com PICOR Commercial Real Estate Services 5151 E. Broadway Blvd, Suite 115 Tucson, Arizona phone: picor.com

3 Interior Photos

4 Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris. SUBJECT Location Overview Coronado Heights is located just southwest of the main intersection of Fort Lowell Road and 1 st Avenue. This property is in a prime location because it is located by many retail stores, parks, churches, and K-12 schooling. Just south of Coronado Heights is Helen Keeling Elementary School a reputable K-5 school with an enrollment of approximately 450 students. Just 1.3 miles southeast of Coronado Heights is Salpointe Catholic High School, one of the best high schools in Tucson when it comes to both academics and athletics. There are approximately 1,125 enrolled at this high school. Several retail stores are located along the major arterial road on Grant. A CVS, O Reilly Auto Parts, and a 98 Cents store is located on the northeast corner of Grant and 1 st Avenue. On the northwest corner of Grant and 1 st Avenue is a large retail center anchored by Fry s. This property is located 3 miles away from Tucson s main economic driver, The University of Arizona. There is a total of over 44,000 thousand students that attend this world renowned research institution. With all the great retailers, schools, and local attractions, Coronado Heights is a prime asset to acquire.

5 ProForma TYPE # OF UNITS SQ. FT. TOTAL S.F. RENT PER S.F. TOTAL MONTHLY RENT STABILIZED RENT 2 BD/ 1 BA ,850 $0.90 $5,265 $585 3 BD/ 2 BA $1.11 $800 $800 TOTAL/AVG ,570 $0.92 $6,065 $607 INCOME STATEMENT MARKETING PROFORMA PROFORMA PROFORMA PER UNIT PSF 2016 ACTUALS 2017 ACTUALS RENTAL INCOME Gross Market Rent $72,780 $11.08 Vacancy Loss ($5,459) -7.50% ($0.83) Gross Rent $67,322 $10.25 Concessions ($1,346) -2.00% ($0.20) Net Rental Income $65,975 $10.04 $63,586 $63,425 TOTAL INCOME $65,975 $10.04 $63,586 $63,425 STABILIZED MARKET VALUATION Value $500,000 Per Unit $50,000 Per Sq. Ft. $76.10 Cap Rate Mktg Proforma 7.10% OPERATING EXPENSES Repairs, Maintenance & Supplies $6,500 $650 $0.99 $10,862 $14,423 Leasing & Marketing $1,000 $100 $0.15 $1,438 $2,438 General & Admin $1,300 $130 $0.20 $2,657 $2,481 Utilities $6,350 $635 $0.97 $6,265 $6,021 TOTAL VARIABLE $15,150 $1,515 $2.31 $21,222 $25,362 Property Taxes $4,576 $458 $0.70 $4,576 $4,576 Property Insurance $2,980 $298 $0.45 $3,693 $2,980 Management Fee $5, % $0.80 $6,049 $5,935 Reserves $2,500 $250 $0.38 TOTAL EXPENSES $30,484 $3,048 $4.64 $35,540 $38,853 NET OPERATING INCOME $35,491 $28,046 $24,572

6 SALES COMPS Coronada Heights Apartments N. Los Altos Ave Units 10 Year Built 1948 Sale Date TBD 657 SF Price $500,000 Price per Unit $50,000 Price per SF $ Bed 1 Bath 9 3 Bed 2 Bath 1 S Total Pueblo Sands Apartments 51 W. Delano St Units 29 Year Built 1985 Sale Date 11/6/ SF Price $1,375,000 Price per Unit $47,414 Price per SF $67.73 Studio 23 1 Bed 1 Bath 2 2 Bed 1 Bath 4 Total 29 Navajo Apartments 219 W. Navajo Rd Units 10 Year Built 1959 Sale Date 6/17/ SF Price $475,990 Price per Unit $47,599 Price per SF $ Bed 1 Bath 10 Total 10 Baca Apartments 446 E. Pastime Rd Units 30 Year Built 1981 Sale Date 1/31/ SF Price $1,425,000 Price per Unit $47,500 Price per SF $ Bed 1 Bath 15 2 Bed 1 Bath 15 Total 30