FOR SALE LAKESIDE LEARNING CENTER Winter Gardens Blvd. Lakeside, CA Lakeside, CA. Exclusively Offered By:

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1 FOR SALE LAKESIDE LEARNING CENTER Lakeside, CA Exclusively Offered By: TONY GLEASON Senior Vice President Lic # P tgleason@voitco.com 9530 Winter Gardens Blvd. Lakeside, CA 92040

2 LAKESIDE LEARNING CENTER 9530 Winter Gardens Blvd., Lakeside, CA PROPERTY OVERVIEW Voit Real Estate Services is pleased to offer the Lakeside Learning Center, a 5,432 SF freestanding retail building for sale in Lakeside, California. The Property is an outparcel to a supermarket and drug stores anchored shopping center known as Rocky Home Plaza. Rocky Home Plaza is the dominant neighborhood shopping center in the Lakeside trade area. Some of the center s tenants include: Albertsons, Rite Aid, Chase Bank, Subway, H&R Block, UPS store and Fantastic Sams. Learn4Life is the third largest charter school concept in California with over 90 locations. Learn4Life is a group of 501(c)3 nonprofit organizations that offers accredited high school diploma programs, job training and flexible personalized education for students whose needs fall outside the scope of the traditional public school system. When a student walks through the doors of a Learn4Life Resource Center, they are greeted by name and welcomed into a large, open classroom with one-on-one teacher interactions, open computer stations, quiet study desks and turors waiting to help. The Community of Lakeside is located about 23 miles east of downtown San Diego. It is situated between Interstate 8 and the State Route 67. Lakeside is an unincorporated community nestled in the foothills of the County of San Diego. Lakeside is a great place to raise a family and experience small town living. FOR COMPLETE PACKAGE PLEASE CONTACT: TONY GLEASON Senior Vice President P / C tgleason@voitco.com Lic # Voit Real Estate Services - Tony Gleason Page 2

3 LAKESIDE LEARNING CENTER 9530 Winter Gardens Blvd., Lakeside, CA INVESTMENT HIGHLIGHTS 5,432 SF Freestanding Retail Building $2,018,136 6% Cap Rate Annual Rent - $121, % Annual Increases NNN Leased Investment Single-Tenant Retail Building Tenant - Diego Plus Educational Corporation dba Diego Valley Public Charter Over 90 Locations Lease Expires on February 29, 2020 Two (2) 5-Year Options Extensive Tenant Improvement Constructed in 2015 FOR COMPLETE PACKAGE PLEASE CONTACT: TONY GLEASON Senior Vice President P / C tgleason@voitco.com Lic # Voit Real Estate Services - Tony Gleason Page 3

Apartments Winter Gardens Blvd Giant Bambino s Pizza Crystal s

4 L AKESIDE LEA R N IN G C E N TER 9530 Wi n ter G ar d en s B l vd., L akesi d e, C A AERIAL Wintercrest Dr Wintercrest Village Apartments Winter Gardens Blvd Giant Bambino s Pizza Crystal s Nails Voit Real Estate Services - Tony Gleason st Dr on Cre Page 4

5 LAKESIDE LEARNING CENTER 9530 Winter Gardens Blvd., Lakeside, CA PLAT MAP Voit Real Estate Services - Tony Gleason Page 5

6 LAKESIDE LEARNING CENTER 9530 Winter Gardens Blvd., Lakeside, CA LOCAL & REGIONAL MAPS AREA MAPS Local Map Regional Map Voit Real Estate Services - Tony Gleason Page 6

7 LAKESIDE LEARNING CENTER 9530 Winter Gardens Blvd., Lakeside, CA DEMOGRAPHIC AND INCOME PROFILE Demographic and Income Profile 9530 Winter Gardens Blvd, Lakeside, California, Prepared by Esri Ring: 5 mile radius Latitude: Longitude: Summary Census Population 211, , ,691 Households 73,841 75,962 79,350 Families 52,835 54,375 56,812 Average Household Size Owner Occupied Housing Units 40,508 40,486 42,173 Renter Occupied Housing Units 33,333 35,476 37,176 Median Age Trends: Annual Rate Area State National Population 0.99% 0.87% 0.84% Households 0.88% 0.79% 0.79% Families 0.88% 0.79% 0.72% Owner HHs 0.82% 0.69% 0.73% Median Household Income 1.80% 2.73% 1.89% Households by Income Number Percent Number Percent <$15,000 8, % 9, % $15,000 - $24,999 7, % 7, % $25,000 - $34,999 7, % 7, % $35,000 - $49,999 10, % 10, % $50,000 - $74,999 14, % 11, % $75,000 - $99,999 10, % 12, % $100,000 - $149,999 11, % 14, % $150,000 - $199,999 4, % 5, % $200,000+ 2, % 3, % Median Household Income $56,536 $61,818 Average Household Income $73,978 $80,435 Per Capita Income $26,147 $28,184 Census Population by Age Number Percent Number Percent Number Percent , % 14, % 15, % , % 14, % 14, % , % 14, % 14, % , % 14, % 13, % , % 16, % 14, % , % 33, % 35, % , % 27, % 30, % , % 29, % 27, % , % 28, % 29, % , % 17, % 21, % , % 8, % 9, % 85+ 3, % 3, % 3, % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 160, % 163, % 167, % Black Alone 8, % 9, % 9, % American Indian Alone 2, % 2, % 2, % Asian Alone 6, % 7, % 8, % Pacific Islander Alone % 1, % 1, % Some Other Race Alone 19, % 22, % 25, % Two or More Races 12, % 14, % 16, % Hispanic Origin (Any Race) 47, % 55, % 64, % Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and Voit Real Estate Services - Tony Gleason Page 7

8 LAKESIDE LEARNING CENTER 9530 Winter Gardens Blvd., Lakeside, CA DEMOGRAPHIC AND INCOME PROFILE Demographic and Income Profile 9530 Winter Gardens Blvd, Lakeside, California, Prepared by Esri Ring: 5 mile radius Latitude: Longitude: Trends Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Area State USA Population by Age Percent Household Income 2016 Population by Race $35K - $49K 13.4% $25K - $34K 9.5% $15K - $24K 10.0% <$15K 10.6% 50 $50K - $74K 18.8% $200K+ 3.6% $150K - $199K 5.6% Percent $75K - $99K 13.7% $100K - $149K 14.9% 10 0 White Black Am. Ind. Asian Pacific Other Two Percent Hispanic Origin: 25.3% Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and Voit Real Estate Services - Tony Gleason Page 8

9 LAKESIDE LEARNING CENTER Lakeside, CA This Memorandum was prepared by the Broker based on information supplied by the Owner and the Broker. It contains selected information about the Property and the real estate market but does not contain all the information necessary to evaluate the acquisition of the Property. The financial projections contained herein (or in any other Evaluation Material, including any computer diskettes or files distributed to you via from Broker are accessible online through Broker s website) are for general reference only. They are based on assumptions relating to the general economy and local competition, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. While the information contained in this Memorandum and any other Evaluation Material is believed to be reliable, neither Broker nor Owner guarantees its accuracy or completeness. Because of the foregoing and since the Property will be sold on an As-Is, Where-Is basis, a prospective purchaser must make its own independent investigations, projections and conclusions regarding the acquisition of the Property without reliance on this Memorandum or any other Evaluation Material. Although additional Evaluation Material, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing progresses, prospective purchasers should seek advice from their own attorneys, accountants, and engineering and environmental experts. Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the Property or to terminate any negotiations with any party at any time with or without written notice. Owner shall have no legal commitment or obligations to any prospective purchaser unless and until a written purchase and sale agreement has been fully executed, delivered and approved by Owner and any conditions to Owner s obligations therein have been satisfied or waived. Owner has retained Broker as its exclusive broker and will be responsible for any commission due to Broker in connection with a sale of the Property pursuant to separate agreement. Broker is not authorized to make any representation or agreement on behalf of Owner. Each prospective purchaser will be responsible for any claims for commissions by any other broker in connection with a sale of the Property if such claims arise from acts of such prospective purchaser or its broker. FOR COMPLETE PACKAGE PLEASE CONTACT: TONY GLEASON Senior Vice President P / C tgleason@voitco.com Lic # Main Street, Suite 100, Irvine, CA Fax Licensed as a Real Estate Broker by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it Voit Real Estate Services, Inc. All Rights Reserved. License #

Redevelopment / Value Add Property For Sale Offering Memorandum

Redevelopment / Value Add Property For Sale Offering Memorandum 1227 SOUTH MAIN STREET, LOS ANGELES, CA Exclusively Offered By: C.J. Collilns Senior Associate Lic # 01949979 P 424.329.7507 / C 949.212.3249 ccollins@voitco.com Morgan Hill Vice President Lic # 01877356