MONTALVO SQUARE VENTURA, CA

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1 A 218,000 SF MARKET-LEADING GROCERY, DRUG, AND FITNESS ANCHORED RETAIL CENTER IN AN AFFLUENT COASTAL SOUTHERN CALIFORNIA LOCATION MONTALVO VENTURA, CA Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number ( HFF )

2 PACIFIC OCEAN VENTURA COLLEGE 1,400 STUDENTS (145,000 VPD) RALSTON COURTYARD APARTMENTS 112 UNITS CYPRESS MEADOW SENIOR APARTMENTS 119 UNITS CYPRUS POINT APARTMENTS 268 UNITS VIA VENTURA APARTMENT COMPLEX 189 UNITS MONTALVO S VICTORIA AVE (48,000 VPD) 0.3 MILES TO ISLAND VIEW APARTMENTS 154 UNITS UNDER CONSTRUCTION 7,000+ HOUSEHOLDS IN A 1-MILE RADIUS 2

3 BUENA HIGH SCHOOL 2,090 STUDENTS THE OPPORTUNITY MONTALVO HFF has been exclusively retained by Ownership to offer the opportunity to acquire Montalvo Square (the Property ), a 218,234 square-foot grocery, fitness, and drug anchored retail center located in Ventura, CA. Montalvo Square features an internet-resistant tenant roster consisting of nationally recognized brands that include Ralphs, LA Fitness, CVS, and other daily needs providers. The Property is strategically positioned along S Victoria Avenue (48,000 VPD) adjacent to the 101 Highway (145,000 VPD) in the heart of Ventura and benefits from a lack of competition in the surrounding trade area. Montalvo Square offers investors the opportunity to acquire a dominant grocery anchored retail center in a coastal Southern California location with stable cash flows and long-term capital appreciation. CITY CHRISTIAN SCHOOL K-8 TH GRADE PROPERTY SUMMARY Price Address Best Offer South Victoria Ave, Ventura, CA Square Feet 218,234 Occupancy 97.6% Year Built 2002 Site Size Parking 25.2 acres 860 spaces (3.95 per 1,000 SF) 3

4 MONTALVO INVESTMENT HIGHLIGHTS RARE TROPHY OFFERING Exceptionally rare opportunity to acquire a topperforming grocery, drug, and fitness anchored retail center in coastal Southern California. EXCEEDINGLY AFFLUENT DEMOGRAPHICS The trade area surrounding Montalvo Square is home to a wealthy consumer base, with average household incomes exceeding $91,000 within a 3-mile radius. Ventura County also ranks 27th in the United States in per capita personal income. INCREASING RESIDENTIAL DENSITY Within a 3-mile radius, the population has increased over 21% since 2000, reaching a current population of almost 100, Class A apartments are currently being developed immediately adjacent to the Property. DEMOGRAPHICS 1-MILE 3-MILE 5-MILE 2018 Population 19,921 98, , Pop. Increase 21.37% 21.19% 21.99% Average HH Income $77,110 $91,959 $87,883 4

5 HIGH VISIBILITY LOCATION IN UNDERSERVED TRADE AREA Prominently located along busy S. Victoria Avenue (48,000 VPD), the Property is easily accessible from the 101 Freeway (145,000 VPD) and serves a community with limited comparable retail alternatives. TANGIBLE NOI GROWTH There are several opportunities to grow NOI, including releasing the soon to be vacant 6,200 SF retail pad to higher paying tenants. Re-leasing this space, combined with markto-market rent opportunities, is expected to increase NOI over 25% in the next ten years. LONG TERM CAPITAL APPRECIATION Due to the infill coastal location and sustained economic and demographic growth of the trade area, Montalvo Square offers long term capital appreciation and NOI growth. $91K+ AVG HOUSEHOLD INCOME VISITING TOURISTS 5M VENTURA COUNTY VENTURA COUNTY 27 th WEALTHIEST IN THE UNITED STATES 5

6 MONTALVO INTERNET-RESISTANT / DAILY NEEDS TENANT MIX Montalvo Square boasts a diverse, internet resistant tenant roster that covers the entirety of the daily needs spectrum, including a grocer, a fitness center, and a pharmacy, as well as a host of complimentary in-line tenants that offer health and beauty, food, and financial services. 70% GLA LEASED TO NATIONAL CREDIT TENANTS SALON STUDIOS ANCHOR TENANT OCCUPANCY OVER 16 YEARS WEIGHTED AVG LEASE TERM 5+ YEARS 6 ANCHOR TENANTS WITH LONGEVITY & STABILITY Ralphs, CVS, and LA Fitness (which occupy 58% of the leased GLA) have all been in occupancy at Montalvo Square for 16 years or longer, demonstrating the longterm business success and tenant commitment to the property. Strong tenant sales combined with no anchor lease expirations in the next five years provide investors with secure cash flow.

7 1788-A Rubios 2,201 SF 1794-A Nothing Bundt Cakes 2,500 SF 1780-E Caribbean Haven 2,000 SF 1780-F Hawaiian BBQ 1,800 SF Second Floor Ground Lease 1752-A Pain Specialist Center 4,153 SF 1752-B Pain Specialist Center 2,046 SF 1752-C Luxe Salon 1,639 SF ,300 SF Island View Apartments 154 Units Delivering CARDINAL AVENUE F UPS 1,100 SF 1746-E Weight Watchers 1,360 SF 1746-D Daisy Nails 1,060 SF 1746-C Supercuts 1,104 SF 1746-B Vacant 1,104 SF ,112 SF ,000 SF 1780-A The Coffee Bean And Tea Leaf 1,800 SF 1780-B Robeks 1,000 SF 1780-C Jimmy John s Gourmet Sandwiches 1,200 SF 1780-D Pokeland 1,200 SF 1746-A Four Seasons Cleaners 1,909 SF Second Floor 1730-A Sumo Sushi 2,929 SF 1730-B Sola Salon Studios 6,000 SF SITE PLAN AVAILABLE Re-Tenanting Opportunity Tenant to vacate at end of lease term in Aug-18, providing an immediate value creation opportunity D 6,203 SF 1708-D CJ S Barbeque 2,006 SF 1722-C Panda Express 2,000 SF 1722-A El Pollo Loco 2,644 SF 1788-B AT+T 4,901 SF Second Floor OCCUPIED B Unify Financial Credit Union 2,438 SF 2A Morgan Law 5,383 SF VICTORIA AVENUE 1794-B Premier America Credit Union 2,664 SF 7

8 MONTALVO INVESTMENT ADVISORS BRYAN LEY Managing Director GLEB LVOVICH Managing Director JUSTIN KUNDRAK Director CA License # CA License # CA License # Beverly Hills LAX DEBT ADVISORS PETER SMYSLOWSKI Managing Director CA License # STEVEN PASKOVER Director CA License # MONTALVO 8 HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.