19420 NORDHOFF ST. NORTHRIDGE, CA 91324

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1 OFFERING MEMORANDUM LIST PRICE $8,500, NORDHOFF ST. NORTHRIDGE, CA PER 1,000 SF PARKING RATIO MEDICAL OFFICE CONVERSION POTENTIAL 1

2 This Memorandum ( Offering Memorandum ) has been prepared by Hudson Partners, Inc. and BRC Advisors, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice. This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Hudson Partners, Inc. and BRC Advisors, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property. This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum. This Memorandum is being delivered by Hudson Partners Inc. and BRC Advisors, Inc., to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers. Hudson Partners, Inc. and BRC Advisors, Inc., reserves the right to request the return of any or all of the information enclosed. 2

3 TABLE OF CONTENTS SECTION ONE 04 EXECUTIVE PROFILE SECTION TWO 12 PROPERTY INFORMATION 2017 Hudson Partners, Inc. & BRC Advisors. The information contained in this document has been obtained from sources believed reliable. While Hudson Partners, Inc. & BRC Advisors does not doubt its accuracy, Hudson Partners, Inc. & BRC Advisors has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Hudson Partners, Inc. & BRC Advisors and the Hudson Partners, Inc. & BRC Advisors logos are service marks of Hudson Partners, Inc. & BRC Advisors and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. 3

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5 SECTION 1 EXECUTIVE OVERVIEW 5

6 INVESTMENT OVERVIEW Hudson Partners and BRC Advisors have been retained to exclusively market the sale of Nordhoff Plaza. The gross square footage of the existing improvements is 10,914 square feet, a wood-frame stucco multitenant structure built in The parcel is almost an acre of land and is aggressively Zoned C4-1, lending itself to a development opportunity or medical conversion. This generous building-to-land ratio provides its patrons 55 surface parking spaces, giving the building a 5.04 per 1,000 square foot parking ratio. This parking ratio meets the requirements for medical office conversation. Casual Males current lease runs through 11/30/2018. Allowing an owner user to take possession of more than 51% of the center within the next twelve months. A user can convert to a surgery center, dialysis center or another medical related use. There is a tremendous signage opportunity with excellent exposure, for an owneruser. With no options to renew for Casual Male, an owner user could occupy up to 5,645 SF next year. All tenants excellent monument signage on the building and two signage poles for exposure as well. Moveover, the billboard provides a supplemental income stream of $1,500 per month. PROPERTY HIGHLIGHTS Potential for a Medical Office Conversion Aggressively Zoned C4-1 Development Opportunity 90% Financing Available Tremendous Upside with Billboard Income Excellent Monument Signage Opportunities Across the Street from Northridge Mall Surrounded by National Credit Tenant Up To 5,645 SF Available for User 6 - BRC ADVISORS & HUDSON COMMERCIAL PARTNERS, INC.

7 PROPERTY INFORMATION site description Physical description DESCRIPTION SPECIFICATION DESCRIPTION SPECIFICATION BUILDING SF 10,914 SF CONSTRUCTION TYPE Wood-Frame RENTABLE SF 10,333 SF ROOF Roll Composition PARCEL SIZE 41,265 SF APN NUMBER OF TENANTS FLOOR-TO-AREA RATIO 3 Tenants 1 Billboard 0.26 Building-to-Ratio FOUNDATION FIRE PROTECTION HVAC Concrete Sprinklers 5 Ton Package Units ZONING C4-1 METERS Seperately Metered PARKING 55 Surface Space STREET EXPOSURE 183 on Nordhoff St. 227 on Nordhoff Way PARKING RATIO 5.04 per 1,000 SF CEILING HEIGHT T.B.D YEAR BUILT 1987 LOT DIMENSIONS 258 X 183 CEILING HEIGHT 15 Feet ACCESS CORPORATE GUARANTEE Nordhoff St. and Nordhoff Way Yes HIGHWAY ACCESS 118 Freeway TENANCY Multi-Tenant TRAFFIC COUNT ±37,840 cars/day LEASE TYPE NNN Leases BRC ADVISORS & HUDSON COMMERCIAL PARTNERS, INC. - 7

8 RENT ROLL - CURRENT TENANT SQ. FT. % BUILDING RENT PSF NNN PSF NNN LEASE START DATE LEASE EXPIRATION OPTION INCREASE CASUAL MALE 5,645 SF 55.1% $17, $3.16 / PSF $7, $ /27/06 11/30/18 None SUPERCUTS 1,200 SF 11.71% $6, $5.06 / PSF $1, $ /28/06 03/31/22 1, 5 $5.67 NNN 3% Annually SPRINT 3,488 SF 32.10% $14, $4.24 / PSF $4, $ /28/00 08/31/22 None 3% Annually CBS SPORTS BILLBOARD $1, /01/04 11/01/ LAZY BOY/ PARKING LOT $ MTM MTM ,333 SF 98.91% $40, AVG. PSF $13, $486, $4.15 $157, AVG. PSF $1.27 NNN 8 - BRC ADVISORS & HUDSON COMMERCIAL PARTNERS, INC.

9 FINANCIAL ANALYSIS FINANCIAL OVERVIEW DESCRIPTION SPECS ANNUALIZED OPERATING DATA INCOME CURRENT PSF Price $8,500,000 Gross Potential Rent $486,267 $44.55 Downpayment (100%) $8,500,000 Reimbursement $157,498 $14.43 Gross Square Feet Rentable SF Price Per Square Foot 10,914 SF 10,333 SF $ Gross Effective Rents Income $643,765 $58.98 Less: Vacancy (3%) ($19,313) ($1.77) Effective Gross Income $624,452 $57.21 Price Per Rentable SF $ Lot Size 41,265 SF Less: Expenses ($157,498) ($14.43) Net Operating Income $466,954 $42.78 Price Per Foot on Land $ Current Cap Rate 5.49% Occupancy 100 % NOI $466,954 Average Rent $4.15 PSF NNN Lease Type Absolute NNN Year Built 1987 Zoning C4-1 EXPENSES CURRENT PSF Real Estate (1.125%) $106,250 $9.74 Insurance $4,911 $0.45 Utilities $13,643 $1.25 Repairs & Maintenance $13,841 $1.27 Management Fee $18,853 $1.73 Type of Ownership Fee Simple TOTAL EXPENSES $157,498 $14.43 BRC ADVISORS & HUDSON COMMERCIAL PARTNERS, INC. - 9

10 END CAP TENANT PROFILE Sprint Nextel Corporation offers various wireless and wireline communications products and services in the United States. The company s Wireless segment offers wireless mobile telephone and data transmission services. Wireless mobile voice communications services include basic local and long distance wireless voice services, as well as voic , call waiting, three way calling, caller identification, directory assistance, call forwarding, speakerphone, and voice activated dialing features. Data communications services comprise wireless imaging; Internet access, and messaging and services; wireless entertainment; and asset and fleet management, and dispatch services. This segment also offers walkietalkie services; and sells carrying cases, hands-free devices, batteries, and battery chargers to consumers, agents, and third party distributors. Sprint Nextel s Long Distance segment provides wireline voice and data communications using various protocols, such as MPLS technologies, as well as IP, ATM, frame relay, and managed network services. This segment also provides services to cable companies that resell its long distance service and/or use its back office systems and network assets in support of their telephone service provided over cable facilities. Its Local segment provides local voice, long distance, and data services, as well as wireless and video services. It also offers switched access services to long distance carriers, wireless carriers, and competitive local exchange carriers (CLECs); Internet access; and large businesses, long distance carriers, wireless carriers, and CLECs dedicated circuits. Further, this segment sells service communications equipment for management of voice and data networks and applications; and procures, configures, and distributes equipment, materials, and supplies to various communication service providers. The company was founded in 1899 by Cleyson Brown and is headquartered in Reston, Virginia BRC ADVISORS & HUDSON COMMERCIAL PARTNERS, INC.

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12 END CAP TENANT PROFILE Regis Corporation engages in the ownership, operation, and franchising of hair and retail product salons, and beauty career schools worldwide. It also provides hair restoration services, such as hair loss solutions. The company operated 10,879 system-wide North American and international salons, 24 beauty career schools, and 90 hair restoration centers, as of June 30, The salons offer a range of custom styling, cutting, hair coloring, waving, and waxing services, as well as professional hair care products. The company s worldwide operations include salon concepts, such as Supercuts, Jean Louis David, Vidal Sassoon, Regis Salons, MasterCuts, Trade Secret, SmartStyle, and Cost Cutters. Its North American operations include 8,861 salons in the United States, Canada, and Puerto Rico. The company s international operations include 2,018 salons located in Europe, primarily in the United Kingdom, France, Italy, and Spain. Regis was formed in 1954 and is headquartered in Edina, Minnesota BRC ADVISORS & HUDSON COMMERCIAL PARTNERS, INC.

13 TENANT PROFILE CBS Outdoor s business is getting the attention of people on the street. Formerly Viacom Outdoor, the subsidiary of broadcasting giant CBS Corporation is one of the world s leading operators of billboards and outdoor advertising, with displays in more than 90 North American markets and eight other countries. In addition to traditional billboards, the company sells and manages space on transit shelters, busses, and in rail stations. CBS Outdoor s properties include high-profile space in Times Square in New York City and in the London Underground. It also operates stadium signage and offers sports marketing services. This double sided bill board is well below market rent and captures tremendous exposure for CBS Outdoor. Upon renewal a Buyer will have the of its true economic rent warranted for this location. BRC ADVISORS & HUDSON COMMERCIAL PARTNERS, INC. - 13

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15 SECTION 2 PROPERTY INFORMATION

16 AERIAL MAP 16 - BRC ADVISORS & HUDSON COMMERCIAL PARTNERS, INC.

17 PLAT MAP BRC ADVISORS & HUDSON COMMERCIAL PARTNERS, INC. - 17

18 JAY MARTINEZ Managing Principal STUDIO CITY OFFICE Ventura Blvd., #140 Studio City, CA BEVERLY HILLS OFFICE 9301 Wilshire Blvd., Suite 206 Beverly Hills, CA Cal BRE: CONTACT CELL PHONE PHONE FAX WEBSITE ELIZABETH CLARK Senior Vice President BEVERLY HILLS OFFICE 9301 Wilshire Blvd., Suite 206 Beverly Hills, CA Cal BRE: CONTACT CELL PHONE PHONE FAX BRC ADVISORS & HUDSON COMMERCIAL PARTNERS, INC. WEBSITE