2725-2795 OFFERING MEMORANDUM E. Road • • 89121

±116,000 SqFt OFFICE PROJECT ±$100 PSF. Well Below Replacement Cost 8.21% Annualized Cap Rate Projected End of Y1 JDS Real Estate Services, Inc. Ideal For Occupancy | Located in Strong Medical Corridor NV Lic. # B.1001185.CORP CONFIDENTIALITY AGREEMENT

By accepting this Offering Memorandum, the party in possession representations or warranties, expressed or implied, as to the hereof agrees (i) to return it to Owner/Agent immediately upon accuracy or completeness of the Offering Memorandum or any of request and (ii) that this Offering Memorandum and its contents are the contents, and no legal commitment or obligations shall arise by of a confidential nature and will be held and treated in strict reason of the Offering Memorandum or the contents. Analysis and confidence. No portion of this Offering Memorandum may be verification of the information contained in the Offering copied or otherwise reproduced or disclosed to anyone without the Memorandum is solely the responsibility of the prospective prior written authorization of officer of Owner/Agent. Principals and purchaser. real estate brokers are prohibited from disseminating this information without the specific written consent of an officer of Owner reserves the right to reject any or all expressions of interest Owner/Agent. or offers to purchase this property, as well as the right to terminate discussions with any party at any time with our without notice. This Offering Memorandum is subject to errors, omissions, changes Owner shall have no legal commitment or obligation to any or withdrawal without notice and does not constitute a purchase reviewing this Offering Memorandum or making an offer recommendation or endorsement as to the value of the property as to purchase this property unless a written agreement for the a reference and are based on assumptions proposed by purchase of the property has been fully executed, delivered and Owner/Agent and their sources. Prospective purchasers should approved by Owner and any conditions to Owner’s obligations make their own projections and reach their own conclusion of thereunder have been satisfied or waived. value. The terms and conditions set forth above apply to this Offering Certain portions of this Offering Memorandum merely summarize Memorandum in its entirety. or outline property information and are in no way intended to be complete nor necessarily accurate descriptions. All prospective purchasers are to rely upon their own investigations and due diligence in the formation of their assessment of the condition of the property, including engineering and environmental inspections. All relevant documents are expected to be reviewed independently by any prospective purchaser. Neither Owner nor the Agent nor any of their respective officers, advisors, agents, or principals has made or will make any 2725-2795 TABLE OF CONTENTS E. Desert Inn Road Las Vegas• Nevada • 89121

1 2 3 4 5 6 INVESTMENT SUMMARY MARKET OVERIVEW INVESTMENT FINANCIALS INVESTMENT SALES COMPS TENANT PROFILE PHOTOS & MAPS INVESTMENT HIGHLIGHTS HIGHLIGHTS & CURRENT AND PROFORMA DETAILED SALES COMPS DETAILED TENANT PROFILE PROPERTY PHOTOS & & PROPERTY HIGHLIGHTS DEMOGRAPHICS & RENT ROLL AERIALS

2725-2796 E. DESERT INN ROAD • LAS VEGAS NV 2725-2796 E. DESERT INN ROAD DESERT INN OFFICE CENTER

Section 1 : Investment Summary investment Summary Total PSF OFFERING PRICE $11,675,000 Building SqFt: 116,080 $100.58 PSF Rentable SqFt: 116,080 $100.58 PSF PRICE PSF: $100.58 CURRENT OCCUPANCY: 67.47% *YEAR 1 ANNUALIZED NOI: $972,444 $8.38 PRSF YEAR 1 ANNUALIZED CAP RATE: 8.33% YEAR 1 ANNUALIZED EXPENSES: $533,064 $4.59 PRSF YEAR 0 IN PLACE NOI: $540,074 $4.65 PRSF IN-PLACE CAP RATE: 4.63% *Year 1 NOI based on Month 13 Annualized income which reflects an occupancy rate of 91.49%

5 Property Ovewrview

PROPERTY NAME: Desert Inn Office Center

ADDRESS: 2725-2796 E. Desert Inn Road, Las Vegas, NV 89121

RENTALBE SQFT: ±116080 (Buyer t o Verify Act ual SqFt )

STORIES: 2

YEAR BUILT: 1981 & 2002

LAND ACRES: ±6.16 Acres

APN: 162-13-102-012

ZONING: C-P (Office and Professional), Clark County

SUBMARKET: Central East Las Vegas

COUNTY: Clark

6 PROJECT OVERVIEW

2725-2796 E. Desert Inn Road | Las Vegas NV Desert Inn Office Center is conveniently parking stalls providing a parking ratio of located on the South side of Desert Inn 3.74/1,000 square feet. Road just West of Pecos-McLeod. The property has undergone substantial This ±116,000 SF office center consists of renovations and absorption over the past four two-story buildings and is centrally year with over apx 65,000 SqFt leaseup located within walking distance of shops, since 12/17. banks, restaurants and parks, and a short drive from Boulder Highway and I-95. Property Consists of a diverse mix of tenants, including multiple institutional Westbound Desert Inn turns into the DI tenants. Arterial, providing easy access to the west side of town. The property is within 1.5 miles of Sunrise Hospital (664 beds) and within two miles of Access to the property is provided via two Desert Springs Hospital (346 beds), and is (2) curb cuts on Desert Inn Road. There are adjacent to which makes it a potential 435 parking stalls contained within the back office location for healthcare related property’s parcel including 198 covered occupiers.

• CENTRALLY LOCATED WITH STRONG • DIVERSE TENANT BASE WITH HIGH TENANT DEMOGRAPHICS RETENTION • COMPETITIVE 2nd GENERATION SPACE. • PRICED WELL BELOW REPLACEMENT COST AT ±100 PSF. • FLEXIBLE FLOOR PLANS & HIGH PARKING • PROPERTY RECENTLY RECEIVED RATIO. NUMEROUS UPGRADES DURING A SURGE OF LEASING ACTIVITY. • MANY RECENT CAPITAL EXPENDITURES • IDEAL FOR MEDICAL OCCUPANCY. AND RENOVATIONS. LOCATED IN STRONG MEDICAL CORRIDOR.

7 PROPERTY OVERVIEW

Property Information

Construction: Steel/wood frame with stucco exterior.

Roofing on the Subject Buildings consists of a low-slope, built-up roof (BUR) membranes with a Roof: mineral-surfaced cap sheet at the large, and central main roof areas.

Heating, ventilating, and air-conditioning (HVAC) systems for 2725, 2755, and 2775 East Desert Inn Road consist of two 60-ton roof-mounted Carrier rooftop packaged air conditioning units (RTU) servicing buildings 2725, 2755 and 2785. Building 2795 has a heat pump unit for the second floor and split heat pump. The RTUs serve interior with variable-air-volume VAV terminal units. 2795 East Desert Inn Road is heated and cooled by packaged heat-pump units for Floor 2 and split HVAC: heat-pump condensers and interior fan-coil units for Floor 1. Heating is provided by the integral natural-gas-fired furnace in the RTUs. The furnaces offer pre-heat as conditioned air is routed through the ductwork to variable-airvolume boxes with electric strip heaters. All of the units are by Carrier and have manufacturer’s dates of 2003 and 2004. Tonnages vary from 3- to 5-tons each. Power is provided at 480/277-volts, 3-phase, 4-wire, 800 amperes at 2725, 2785, and 2795 and 600 Electrical: amperes at 2755.

The 2725, 2755 and 2785 buildings have (3) hydraulic elevators that service two floors with a Elevator: capacity of 2,500 lbs. Building 2795 has (2) elevators that service two floors with a capacity of 2,500 lbs.

Ingress/Egress: Access to the property is offered via two driveways on Desert Inn Road.

Parking: Parking ratio is 3.74/1,000. There are a total of 435 parking stalls of which 198 are covered.

# of Buildings: Four Buildings

8 2725-2796 E. DESERT INN ROAD DESERT INN OFFICE CENTER

Section 2 : Market Overview MARKET OVERVIEW DESERT INN OFFICE CENTER

LAS VEGAS | NEVADA

Las Vegas, officially the City of Las Vegas and often known 0.1 points to 2.8% in August. simply as Vegas, is the 28th-most populated city in the United States, the most populated city in the state of Nevada, and In August of 2018, Clark County’s annualized convention the county seat of Clark County. It is home to apx 2.2 Million attendance saw a 1.2% increase from the previous month, to people employed in various sectors including Defense, IT, and 6.53 million. That figure represents a 0.5% gain from August Construction. 2017. The annualized peak of 6.65 million convention attendees occurred in December 2017. The city anchors the metropolitan area and is the largest city within the greater Mojave Desert. Las Vegas is Convention attendance saw significant gains in 2016, with 10 an internationally renowned major resort city, known primarily months above 10% YOY growth. Through all of 2017 the YOY for its gambling, shopping, fine dining, entertainment, and rate of growth had fallen sharply to 3.9%. During the first 8 nightlife. The Las Vegas Valley as a whole serves as the leading months of 2018, attendance grew by an average of 3.5% YOY. financial, commercial, and cultural center for Nevada. Demand growth is being limited by maxed-out capacities at Las Vegas’ various convention facilities. The good news: In The city bills itself as The Entertainment Capital of the World, June 2017, the Las Vegas Convention and Visitors Authority’s and is famous for its mega –hotels and associated Board of Directors gave final approval for an expansion and activities. It is a top three destination in the United States for renovation of the Las Vegas Convention Center, which will business conventions and a global leader in the hospitality allow the city to host more conventioneers. The expansion is industry, claiming more AAA Five Diamond hotels than any expected to be completed by 2022. other city in the world. Today, Las Vegas annually ranks as one of the world's most visited tourist destinations. The city's tolerance for numerous forms of adult entertainment earned it the title of Sin City, and has made Las Vegas a popular setting for literature, films, television programs, and music videos.

The 12MMA (12 Month Moving Average) of Clark County’s headline unemployment rate remained steady at 5% in August for the third consecutive month. The 12MMA is 0.4 points below last August’s 5.5%. This metric reached its lowest level more than 11 years ago in October 2006 at just 4%.

The 12MMA rate of job growth in the Las Vegas MSA increased MARKET OVERVIEW DESERT INN OFFICE CENTER

THE REAL ESTATE MARKET

Vacancies have With over 42 million visitors in 2017, a significant sq. ft. since Q2 2011) in contrast to $2.13 in Q3 compressed over number of Las Vegas residents (even those 2018 (marking a 2.3% increase from the 600 basis points with white-collar jobs) are employed by the previous quarter and a 5.8% increase year- since 2010 and hotels along Las Vegas over year). Lease rates have progressively Boulevard. increased over the last 13 months.

In fact, just under one-third of employment is Rent growth in Las Vegas continues to be tied to leisure and hospitality. Employment in strong at around 4.6%, after rebounding from the metro is growing, and the healthcare and a slowdown in 2017. Office rents in the metro construction sectors are gaining ground. lost over 30% of their value after reaching all- time highs of nearly $29/SF in 2007. Vacancies have compressed significantly over the last few years. The city is hoping that its Average asking rents for 4 & 5 star properties Rent growth in various incentive plans will help draw a more are around 30% higher than the metro's Las Vegas diverse mix of companies to Las Vegas. In average asking rents, as new development continues to be addition, companies like the online apparel continues to focus on high end projects. strong at distributor Zappos are trying to draw young around 4.6%. talent to work in their downtown offices. Construction in the Las Vegas MSA continues to be boosted by a strong housing market and Vacancies in general have compressed over improving (especially industrial) commercial 600 basis points since 2010, with additional markets. In August 2018, the number of room to grow. Few markets were as affected Southern Nevada construction workers rose by by the economic downturn as Las Vegas, 5,992 (12MMA) from August 2017, a 10.4% which was particularly hard hit by the housing jump. bust. This was a clear improvement over the Since most of 2017 through year end 2018, previous month’s YOY increase of 9.7%. On a Office sales in the average asking lease rates for the Las Vegas 12MMA, basis, August’s gains put total Las Vegas metro office market have continued to increase construction jobs at 63,600. That marks 74 have been robust drastically. In Q4 2018, the full service asking straight months (more than 6 years) of job in 2018 following lease rate was $2.18 per sq. ft. on a monthly growth. a strong 2017 basis (still the highest average asking lease per MARKET OVERVIEW PROPERTY DEMOGRAPHICS

Radius 1 Mile 3 Mile 5 Mile Population: 2023 Projection 20,009 246,133 564,121 2018 Estimate 18,455 226,242 518,305 2010 Census 17,290 207,008 471,427 Growth 2018-2023 8.42% 8.79% 8.84% Growth 2010-2018 6.74% 9.29% 9.94%

Households: 2023 Projection 7,966 97,957 204,127 2018 Estimate 7,358 90,196 187,617 2010 Census 6,908 82,901 170,350 Growth 2018 - 2023 8.26% 8.60% 8.80% Growth 2010 - 2018 6.51% 8.80% 10.14% Owner Occupied 4,162 33,299 77,007 Renter Occupied 3,197 56,897 110,610 2018 Avg Household Income 68,082 52,406 54,183 2018 Med Household Income 47,601 36,007 38,465

2018 Households by Household Inc: <$25,000 1,765 30,995 60,234 $25,000 - $50,000 2,046 26,592 55,065 $50,000 - $75,000 1,135 13,942 30,895 $75,000 - $100,000 842 7,552 17,291 $100,000 - $125,000 684 4,840 10,473 $125,000 - $150,000 293 2,286 5,000 $150,000 - $200,000 338 2,051 4,646 $200,000+ 259 1,938 4,015

12 2725-2796 E. DESERT INN ROAD DESERT INN OFFICE CENTER

Section 3 : Investment Financials 14 INVESTMENT PROJECTIONS TEN YEAR PROFORMA

In-Place Y0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Potential Gross Rev enue Annualized Base Rental Rev enue 1,610,172 1,626,339 1,654,240 1,704,229 1,774,484 1,897,475 1,958,430 2,013,639 2,075,588 2,139,915 2,231,441 Absorption & Turnov er Vacancy (566,496) (444,995) (98,567) (27,486) (100,604) (17,511) (32,517) (103,869) (19,338) (50,018) (93,761) ______Scheduled Base Rental Rev enue 1,043,676 1,181,344 1,555,673 1,676,743 1,673,880 1,879,964 1,925,913 1,909,770 2,056,250 2,089,897 2,137,680 Expense Reimbursement Rev enue 9,000 8,760 16,634 22,856 21,026 7,554 6,572 7,558 8,641 8,525 1,701

Total Potential Gross Rev enue 1,052,676 1,190,104 1,572,307 1,699,599 1,694,906 1,887,518 1,932,485 1,917,328 2,064,891 2,098,422 2,139,381 General Vacancy - (110,292) (188,400) (123,835) (220,618) (213,108) (148,781) (241,191) (218,537) (185,382) Effective Gross Revenue 1,052,676 1,190,104 1,462,015 1,511,199 1,571,071 1,666,900 1,719,377 1,768,547 1,823,700 1,879,885 1,953,999 ______Operating Expenses Property Taxes 83,517 83,517 86,023 88,603 91,261 93,999 96,819 99,724 102,715 105,797 108,971 Management 35,703 35,703 43,860 45,336 47,132 50,007 51,581 53,056 54,711 56,397 58,620 Property Insurance 25,000 25,000 25,750 26,523 27,318 28,138 28,982 29,851 30,747 31,669 32,619 Payroll 40,545 40,545 41,761 43,014 44,305 45,634 47,003 48,413 49,865 51,361 52,902 Utilities 161,653 161,653 166,502 171,498 176,642 181,941 187,400 193,023 198,813 204,777 210,920 Fire Testing & Serv ice 12,000 12,000 12,360 12,731 13,113 13,506 13,911 14,329 14,758 15,201 15,657 Janitorial 55,200 55,200 56,856 58,562 60,319 62,128 63,992 65,912 67,889 69,926 72,023 Pest Control 800 800 824 849 874 900 927 955 984 1,013 1,044 Repairs & Maintance 34,150 34,150 35,175 36,230 37,317 38,436 39,589 40,777 42,000 43,260 44,558 Sewer 13,930 13,930 14,348 14,778 15,222 15,678 16,149 16,633 17,132 17,646 18,175 Trash Disposal 16,020 16,020 16,501 16,996 17,505 18,031 18,572 19,129 19,703 20,294 20,902 Security 7,370 7,370 7,591 7,819 8,053 8,295 8,544 8,800 9,064 9,336 9,616 Elev ator 13,936 13,936 14,354 14,785 15,228 15,685 16,156 16,640 17,140 17,654 18,183 Landscaping 11,678 11,678 12,028 12,389 12,761 13,144 13,538 13,944 14,362 14,793 15,237 General & Administrativ e 1,100 1,100 1,133 1,167 1,202 1,238 1,275 1,313 1,353 1,393 1,435 ______Total Operating Expenses 512,602 512,602 535,066 551,280 568,252 586,760 604,438 622,499 641,236 660,517 680,862

______

Net Operating Income 540,074 677,502 926,949 959,919 1,002,819 1,080,140 1,114,939 1,146,048 1,182,464 1,219,368 1,273,137 ______Leasing & Capital Costs Tenant Improv ements - 342,596 111,603 189,481 589,332 109,714 236,936 510,483 257,389 283,451 600,025 Leasing Commissions 74,194 24,621 40,020 123,397 22,972 49,611 106,887 53,894 59,350 125,637 Capital Reserv es 17,412 17,934 18,472 19,027 19,597 20,185 20,791 21,415 22,057 22,719 Total Leasing & Capital Costs - 434,202 154,158 247,973 731,756 152,283 306,732 638,161 332,698 364,858 748,381 ______Cash Flow Before Debt Service 243,300 772,791 711,946 271,063 927,857 808,207 507,887 849,766 854,510 524,756 PROPERTY PROFORMA PROFORMA ASSUMPTIONS

ASSUMPTIONS Analysis Period Vacant Lease-Up Commencement Date 4/19 Current Occupancy: 78,315 SF Term 10 Years Current Vacancy: 37,765 SF Lease Commencement Date 1-Jul-19 Area Measures Monthly Rent (CY 2017) $1.25 PSF Building Square Feet 116,080 SF Rent Adjustments 3.00% Annually Free Rent 0.0 Month (s) Growth Rates Expense Recovery Type Base Year - 95% GU Operating Expenses 3.00% Annually Lease Term 3 Years Property Taxes 3.00% Annually Tenant Improvements $10.00 PSF CPI 3.00% Annually Leasing Commissions 5.00% Market Rent 3.00% Annually Second Generation Market Leasing Operating Expenses Lease Retention Ratio 75% Total Operating Expenses (FY 2018) $0.00 PSF Monthly Rent (CY 2017) $1.25 PSF Management Fee 3.0% of EGR Rent Adjustments 3.00% Annually Property Taxes Reassessed No Free Rent 0 Month (s) Expense Recovery Type Base Year - 95% GU Lease Term 3 Years Tenant Improvements (Weighted) $7.90 PSF Capital Reserves (CY 2017) $0.15 PSF New $10.00 PSF Renewal $7.00 PSF General Vacancy Loss 12.50% Leasing Commissions New 5.00% Renewal 3.00% Downtime New 4 Months

15 16 PROPERTY RENT ROLL DESERT INN OFFICE CENTER

Tenant Suite Size Start Date End Date Base Rent Base Rent Annual Rent PSF/Yrf Rent PSF/Mth LIFETIME ASSISTANCE, LL 2725-100 5,886 3/01/18 2/28/21 $6,100 $73,200 $12.44 $1.04 CHOICES GROUP, INC. 2725-150 10,603 8/01/13 10/31/19 $14,652 $175,824 $16.58 $1.38 DAVIS & ASSOCIATES COMM 2725-200 4,400 1/01/19 6/30/21 $4,800 $57,600 $13.09 $1.09 VACANT 2725-201 14,426 5/01/20 4/30/23 $0 $0 $0.00 $0.00 VACANT 2755-100 1,460 1/01/19 12/31/21 $0 $0 $0.00 $0.00 INTERVIEWING SERVICES O 2755-130 5,338 10/01/18 9/30/21 $6,116 $73,392 $13.75 $1.15 ONAH NSOFER 2755-155 2,177 2/01/18 1/31/20 $2,462 $29,544 $13.57 $1.13 VACANT 2755-160 1,483 1/01/19 12/31/21 $0 $0 $0.00 $0.00 ACUTE CARE OF NEVADA LL 2755-180 3,932 2/01/18 1/31/21 $4,072 $48,864 $12.43 $1.04 THE AMERICAN FEDERATION 2755-200 2,440 6/01/18 5/31/19 $2,688 $32,256 $13.22 $1.10 LOVING HEARTS HELPING H 2755-210 4,730 4/01/18 10/31/21 $5,556 $66,672 $14.10 $1.17 VACANT 2755-240 2,249 1/01/19 12/31/21 $0 $0 $0.00 $0.00 YOUR CHOICE BEHAVIORAL 2755-250 1,160 10/01/17 9/30/19 $1,287 $15,444 $13.31 $1.11 VACANT 2755-260 1,323 1/01/19 12/31/21 $0 $0 $0.00 $0.00 DR. MARY GRANT 2755-270 1,300 2/01/09 2/28/23 $1,495 $17,940 $13.80 $1.15 VACANT 2755-275 2,150 1/01/19 12/31/21 $0 $0 $0.00 $0.00 UCEDA SCHOOL OF EAST LA 2785-100 6,046 6/01/16 9/30/19 $5,171 $62,052 $10.26 $0.86 DOOR DASH, INC. 2785-140 866 12/01/17 11/30/19 $1,026 $12,312 $14.22 $1.18 OCTAVIO ESCOTO (M2M) 2785-145 586 7/01/10 1/31/20 $874 $10,488 $17.90 $1.49 DOUBLE E HOLDINGS, LLC 2785-150 1,075 11/01/17 10/31/27 $1,236 $14,832 $13.80 $1.15 VACANT 2785-155 737 1/01/20 12/31/22 $0 $0 $0.00 $0.00 VACANT 2785-180 4,978 7/01/20 6/30/23 $0 $0 $0.00 $0.00 VACANT 2785-200 2,419 1/01/19 2/28/23 $0 $0 $0.00 $0.00 VACANT 2785-220 2,086 4/01/21 3/31/24 $0 $0 $0.00 $0.00 VISION OF HOPE PROVIDER 2785-230 2,324 10/01/18 9/30/28 $2,673 $32,076 $13.80 $1.15 CINDY RIVAS AL BAGDADI 2785-240 727 7/01/13 6/30/23 $676 $8,112 $11.16 $0.93 VACANT 2785-250 1,328 12/01/19 11/30/22 $0 $0 $0.00 $0.00 ROCKY MOUNTAIN PLANNED 2785-260 2,716 3/01/18 2/29/28 $2,958 $35,496 $13.07 $1.09 R&P LOGISTICS 2785-265 1,425 1/01/18 12/31/19 $1,568 $18,816 $13.20 $1.10 VACANT 2785-270 2,073 6/01/20 5/31/23 $0 $0 $0.00 $0.00 VACANT 2785-290 1,053 1/01/19 12/31/21 $0 $0 $0.00 $0.00 SUNRISE CHILDREN'S FOUN 2795-100 20,584 12/01/07 11/30/22 $21,119 $253,428 $12.31 $1.03

Total 116,080 37,765 Vacant $86,529 $1,038,348 2725-2796 E. DESERT INN ROAD DESERT INN OFFICE CENTER

Section 4 : Property Comparables 18 SALES COMPARABLES DESERT INN OFFICE CENTER

Property Price Bldg SqFt Year Built Lot Size $ / SF Escrow COE S. SUBJECT PROPERTY $11,675,000 116,080 1981 & 2002 ±6.16 Acres $100.58 Desert Inn Office Center Comments:

1. 2975 S Rainbow Blvd $4,653,654 38,784 1990 0.82 $119.99 N/Av 3/2/2016 Las Vegas, NV 89146 Comments: Rainbow Oasis Center is a single story office building located near the corner of S. Rainbow Blvd. and Edna Ave. The office building is located at 2975 S. Rainbow Boulevard, Las Vegas Nevada within the West submarket of the Las Vegas metropolitan area. 2. 4221 McLeod Dr $5,500,000 50,800 1972 3.88 $108.27 70 Days 12/4/2018 Las Vegas, NV 89121 Comments: Property was vacant at the time of sale. Office

3. 720 S 4th St $3,125,000 26,190 1986 0.47 $119.32 30 Days 1/31/2017 Las Vegas, NV 89101 Comments: 17.3% Occupied at the time of sale. Sold as Owner user. 30 day Escrow. Office

4. 1701 W Charleston Blvd $17,000,000 88,726 1973 0.57 $191.60 60 Days 7/10/2018 Las Vegas, NV 89102 Comments: Rennovated in 2013. 88% Leased at the time of sale.

5. 201 S Las Vegas Blvd $5,660,000 39,000 1975 1.09 $145.13 60 Days 8/8/2018 Las Vegas, NV 89101 Comments: 61% leased at the time of sale. Medical Office

Comparables Weighted Average 48,700 1977 1.37 $124.35 Subject Property 116,080 1981 & 2002 ±6.16 Acres $101 19 RENT COMPARABLES DESERT INN OFFICE CENTER

Property Name - Address SF Leased Floor Sign Date Type Rent Rent Type Desert Inn Office Center New $15.00/ Full Service Gross Asking Subject Property Winchester Plaza 514 1st 10/10/2018 New $14.40/ Full Serv ice Gross Asking 1700 E Desert Inn Rd Winchester Plaza 1,295 1st 10/1/2018 New $14.40/ Full Serv ice Gross Asking Winchester Plaza 1,059 2nd 10/1/2018 New $13.20/ Modified Gross Asking Winchester Plaza 514 2nd 6/1/2018 New $14.40/ Full Serv ice Gross Effectiv e Winchester Plaza 1,295 1st 10/8/2017 New $15.60/ Modified Gross Asking Winchester Plaza 2,055 1st 10/8/2017 New $15.60/ Modified Gross Asking Winchester Plaza 514 1st 10/8/2017 New $15.60/ Modified Gross Asking Winchester Plaza 2,055 1st 7/2/2017 New $14.40/ Modified Gross Effectiv e Hermosa Plaza 1,070 1st 7/23/2018 New $15.00/ Modified Gross Asking 3376 S Eastern Ave Hermosa Plaza 500 1st 7/23/2018 New $15.00/ Modified Gross Asking Hermosa Plaza 1,300 1st 7/23/2018 New $15.00/ Modified Gross Asking Desert Inn Pecos Center 1,700 1st 8/31/2018 New $11.40/ NNN Starting 3025 E Desert Inn Rd 2209 E Desert Inn Rd 3,074 1st 7/2/2018 New $10.80/ Modified Gross Asking

3685 Pecos Mcleod Rd 4,500 1st 3/15/2018 New $10.08/ NNN Asking Bldg. 300 1,000 1st 3/8/2018 New $13.80/ Modified Gross Asking 3650 S Eastern Ave Bolero Plaza 1,000 1st 10/30/2017 New $10.80/ NNN Starting 2300 E Desert Inn Rd RENT COMPARABLES MAP DESERT INN OFFICE CENTER

20 2725-2796 E. DESERT INN ROAD DESERT INN OFFICE CENTER

Section 5 : Tenant Profiles 22 TENANT PROFILES DESERT INN OFFICE CENTER

Sunrise Children’s Foundation http://www.sunrisechildren.org Sunrise Children’s Foundation is a 501(c)3 non-profit corporation organized solely for pediatric health and education. Founded in 1993, SCF provides multiple programs throughout Clark County, all free of cost. Sunrise Children’s Foundation programs support a myriad of critical areas focusing on optimal child development including prenatal care and breast-feeding education; infant and toddler health and development; wellness, nutrition and health education; parent education; reading and literacy skills; and positive family relationships. SCF delivers a full scope of services from birth to five and provides a comprehensive continuum of care to ensure that children in Nevada have a chance at success.

American Federation of State, County & Municipal Employees https://www.nvafscme.org AFSCME is the nation’s largest and fastest growing public services employees union. AFSCME’s members provide the vital services that make America happen. They are nurses, corrections officers, child care providers, EMTs, sanitation workers and more. With working members in hundreds of different occupations and retirees across the country, AFSCME advocates for fairness in the workplace, excellence in public services and prosperity and opportunity for all working families. (AFSCME) has 1.6 million members nationwide, and in Nevada, represents more than 17,000 state workers. UCEDA SCHOOL OF EAST LAS VEGAS, LLC http://www.economicmodeling.com/ EUCEDA School’s mission is to provide English language programs and services to international and local students. Our main goal is to equip students with English language skills. UCEDA School achieves its mission through the implementation of the curriculum and student services. Education has been a tradition for the Uceda family since 1902, when the Uceda family founded the San Carlos school in South America. This institution went on to become a University. During the 1960’s Juan J. Uceda established the Jose Carlos Mariategui Institute with courses in English and training in various other fields such as accounting and nursing among others. Uceda School was founded in 1988 in the United States of America, and with schools located throughout New York, New Jersey, and Florida it has become one of the largest private chains of ESL schools in the US.

Door Dash https://www.doordash.com DoorDash is a technology company that connects people with the best in their cities. We do this by empowering local businesses and in turn, generate new ways for people to earn, work and live. We started by facilitating door-to-door delivery, but we see this as just the beginning of connecting people with possibility — easier evenings, happier days, bigger savings accounts, wider nets and stronger communities. 23 TENANT PROFILES DESERT INN OFFICE CENTER

Pathways (Choices Group) http://www.pathways.com Choices Group is one of the largest providers of substance abuse, co-occurring treatment and drugs of abuse testing in Nevada. We implemented the 3rd Drug Court treatment program in the nation and piloted the first Juvenile, Dependency, Child Support and Prison Re-entry Drug Court programs nationally. Choices also operates a large onsite Drug Screening Laboratory which is sanctioned by the State of Nevada and has been awarded a National Center of Excellence Award – one of just four in the nation.

Acute Care of Nevada https://www.acutecareofnevada15.org/ Acute Care of Nevada is a local, family owned and operated company that specializes in treating, however, not limited to mental and behavioral conditions. As health care providers with integrated services; we work with a variety of healthcare professionals in the arena of mental and physical care, who will pinpoint and treat your conditions effectively.

Davis & Associates Communications http://www.davis-pr.com D&A Communications is a full-service communications, marketing, advertising, public engagement and social media agency that specializes in integrated campaigns that stimulate public interest in companies, community issues and public debate. We create vital support, awareness and strong community engagement for issues that impact communities. 2725-2796 E. DESERT INN ROAD DESERT INN OFFICE CENTER

Section 5 : Property Photos & Maps PROPERTY PHOTOS DESERT INN OFFICE CENTER

25 PROPERTY PHOTOS DESERT INN OFFICE CENTER

26 BLDG – 2755 First Floor – Floor Plan

Additional Floor Plans Available upon Request.

27 Subject Property

28 Subject Property

29 Subject Property

30 AREIAL MAP

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31 AREIAL MAP

Subject Property

32 EXCLUSVELY MARKETED BY:

Jennifer D. Stein NV Lic. # B.1001185.CORP (833) 466-6360 | DIRECT [email protected]

JDS Real Estate Services, Inc. 1221 Puerta Del Sol, Suite 600 San Clemente, CA 92673

JDS Real Estate Services, Inc.