OFFERING MEMORANDUM For Sale Canyon Ridge Business Park 5770 - 5890 South Las Vegas, NV 89113 Every Building offers High Visibility, Signage & Durango Fronting

A project developed by:

Presented by: Ryan Martin, SIOR, CCIM Tonya Gottesman Senior Vice President Senior Associate Lic#: BS.0048284 Lic#: S.0189043 C 702.630.2671 C 310.612.3592 [email protected] [email protected] Investment Highlights

• New office construction – grey shell buildings • Prime Southwest location with prime signage off Durango • Near 3 major hospitals • ±1.2 Million cars per month pass the site • Cover parking available • Convenient access to the I-215 via three interchanges • Numerous restaurants, retail and entertainment, amenities nearby and/or planned development Property Overview

Canyon Ridge Business Park is a newly developed office park located at the Southeast Corner of Russell Rd. and Durango Dr. The Property consists of seven (7) office build- ings delivered in grey shell, totaling ±65,000 SF with building sizes ranging from ±2,000 SF to ±10,000 SF. The Park is situated in the prime Southwest location, which is the heart of the fastest growing area in the .

Surrounded by numerous amenities, restaurants and retail services, the location is desirable and a central point for business owners and clients living from all areas of the Las Vegas Valley. In the immediate location, there are 130,620 residents living within a 3 mile radius.

Just minutes from the I-215 Freeway, Canyon Ridge Busi- ness Park, is surrounded by multiple planned and under construction, office, retail and multi-housing developments. It is located within one mile of three (3) major hospitals and two (2) skilled nursing facilities and within close proximity to the ad McCarran International Airport. At the Property’s major intersection, Russell Rd. and Durango Dr. are major surface thoroughfares that see 1.2 Million ve- hicles per month. Offering Details Unique Opportunity to Own a Freestanding In the Southwest Submarket

Property Name: Offering: Canyon Ridge Business Park $255 - $265 per SF

Address: Building SF: 5770 - 5890 S. Durango Drive ±2,000 to ±10,000 SF Las Vegas, NV 89113

Parcel Number: Year Built: 163-33-114-016 to 002 2020

Zoning: Parking: C-1 (Local Business) ±5 per 1,000 SF

Total Building Available: Traffic Counts: 7 (Divisible options) ±1.2 Million per month (Durango Drive & Russell Road) Why Buy vs Lease? 5 Things to Consider

Lower Occupancy Cost In today’s market, a monthly mortgage payment is usually less ex- pensive than a monthly lease payment.

Fixed Occupancy Cost A renter is subject to annual rent escalations, while an owner can fix their monthly payment for years via a mortgage.

Prestige Owning an office building makes a positive statement to clients, while providing valuable branding via visible signage to thousands of people.

Asset Accumulation In most cases, the largest asset a small or medium size company will have is their office building.

Significant Tax Advantages Owners experience the benefit of mortgage interest tax deductions and depreciation write-offs. Own vs Lease Analysis Sample Comparison

±5,000 SF Building Located at Canyon Ridge Own VS Lease Analysis

Own Lease Building Shell Price/SF $265$ 1,325,000 Monthly Lease Rate/SF*** $1.85 9,250 Improvements/SF (estimated) $90 $ 450 ,000 atoT l gnidliuB tsoC $ 000,577,1 isolC ng *tsoC $ 057,44 tsoC tcejorP latoT tcejorP tsoC $ 057,918,1

Start up Cost Start up Cost

saC h nwoD tnemyaP %01 $ 579,181 P iaper d Lease 2 som $ 005,81 A pp raisal dna esahP I $ 000,5 S ruce yti sopeD it 1 som $ 052,9 latoT Ca hs R e uq ir de $ 579,681 $ 057,72

Monthly Occupancy Cost Monthly Occupancy Cost

troM gage **tnemyaP $ 273,8 eL ase tnemyaP $ 052,9 Occupy Cost/SF(principal + interest) $ 1.67 psf seL s eD noitaicerp )111,3$( $ )26.0( uccO p ycna soC t FS/ $ 58.1 Occupy Cost/SF(principal + interest-depreciation) $ 1.08 psf

* Closing cost includes the CDC/SBA Fees of $22,000 (capitalized in SBA loan), est. bank origination fee, title expense and 3rd party reports **Mortgage Payment includes the bank's 1st DOT and the SBA 2nd DOT (amortized over 25 years). ***Lease rate estimated by broker. Lease rate of $1.85/SF and increases by 3% each year Assumptions: Depreciation estimated at 80% allocation of purchase price. SBA Debenture is based on 40% of project cost and a 25 year fully amortizating, fixed rate loan of 2.41% (based on September 2020 SBA Effective Rate). The SBA loan has a declining 10 year pre-payment penalty (eliminated in year 11) based on the loan debenture rate. For example, the September 2020 debenture rate is 1.15% (the debenture rate is less than the effective rate). The maximum pre-payment penalty would be the full debenture rate (1.15%) of the principal balance remaining on the SBA loan. This amount declines by 10% each year, so five years in, the prepayment penalty would be cut in half, or approximately 0.575%. Figures are estimates and subject to change. It is recommended that your CPA is contacted to review.

Your SBA Loan Experts: Paola Gonzalez Evan Dickson 702.473.6201 702 . 473 . 6202 [email protected] EDickson@nsd c.c om

*Prices are subject to change. Stated prices are example of building and unit. Property Photos Property Photos Site Plan Canyon Ridge Business Park CANYON RIDGE BUSINESS PARK Site Plan

Legend: Available

Reserved

Sold

5770 Durango Dr. ±4,884 SF Divisible to ±2,406 SF 5798 Durango Dr. ±3,912 SF 5824 Durango Dr. 5770 5798 5812 5824 5852 5864 5890 Ste. 100 Ste. 105 Ste. 100 ±10,000 SF Ste. 100 Ste. 105 Ste. 100 Ste. 105 SOLD SOLD 3,912 SF SOLD SOLD SOLD 2,582 SF 5864 Durango Dr. 10,000 SF ±4,866 SF Divisible to ±2,397 SF SOLD 10,000 SF Oquendo Rd. Ste. 115 Ste. 105 Ste. 110 Ste. 110 Ste. 115 Ste. 110 5890 Durango Dr. 4,868 SF ±2,582 - ±4,868 SF 2,406 SF 2,479 SF SOLD 2,397 SF 2,472 SF

Durango Dr.

Although the information has been obtained from sources deemed reliable, Owner, MDL Group, and/or their representatives, brokers or agents make no guarantee as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property, Units and/or Rates may be withdrawn and/or changed without notice. Site Plan Option 1 - 5770 Durango Dr.

SOLD SOLD SUITE 100 SUITE 105 2,507 SF 2,641 SF

EQUIPMENT ROOMS 147 GSF SPLIT BY 37 SF SMALL USERS 1/2 =73 SF FOR LARGE USER

SUITE 110 4,884 SF Site Plan Option 2 - 5770 Durango Dr.

SOLD SOLD

SUITE 100 SUITE 105

2,507 SF 2,641 SF

EQUIPMENT ROOMS 147 GSF SPLIT BY 37 SF TO ALL 4 USERS

SUITE 110 SUITE 115

2,406 SF 2,479 SF Site Plan 5798 Durango Dr.

------7 00 _J------L_ I I I I

SUITE 100 3,912 SF

113 SF

SOLD SUITE 105 3,595 SF

L------Site Plan Option 1 - 5864 Durango Dr.

SOLD SOLD SUITE 100 SUITE 105

3,074 SF 2,088 SF

EQUIPMENT ROOMS 147 SF

SUITE 110

4,870 SF Site Plan Option 2 - 5864 Durango Dr.

SOLD SOLD SUITE 100 SUITE 105 3,074 SF 2,088 SF

EQUIPMENT ROOMS 147 GSF SPLIT BY 37 SF TO ALL 4 USERS

SUITE 110 SUITE 115 2,397 SF 2,472 SF Aerial Map AreaAerial Map Map Aerial Map Map

L R TEMPLE VIEW L D I EASTERN A H WESTCLIFF 95 R

T E

O T

O N ALTA 93 STEWART AVE LOS FELIZ F E

C T ALTA 95

R HOLLYWOOD BL HOLLYWOOD N LORENZI MABEL RD BENEDICT

E W

S

O BONNIE LN MOJAVE E CHARLESTON BLVD T

ANTELOPE D CHARLESTON BLVD DOWNTOWN LOCATED WITHIN ONE MILE OF

SUMMERLIN RANCHO DR OAKEY BLVD WILDCAT WY

PALM ST PALM THREE MAJOR HOSPITALS AND OAKEY BLVD ST. LOUIS AVE SLOAN LN SAHARA AVE SAHARA AVE SAHARA AVE TREELINE DR TWO SKILLED NURSING FACILITIES. BUFFALO DR BUFFALO EASY ACCESS TO I-215 & I-15 VIA EDNA PENNWOOD AVE MOJAVE RD MOJAVE McLEOD DR

VALLEY VIEW BLVD VALLEY RUSSELL ROAD. WITHIN MINUTES DESERT INN RD LAMB BLVD

GRAND CANYON DR CANYON GRAND INDUSTRIAL RD

HUALAPAI WAY CRYSTAL WATER CRYSTAL DESERT INN RD BOULDER HIGHWAY

CIMARRON RD TO THE215 & I-15 VIA RUSSELL

SPRING MOUNTAIN RD PKWY MARYLAND TWAIN AVE ROAD. WITHIN MINUTES TO THE TWAIN AVE

TENAYA WAY SWENSON ST SWENSON

FORT APACHE RD APACHE FORT LAS VEGAS STRIP AND MCCARRAN VIKING RD

J I M KOVAL LN KOVAL R FLAMINGO RD INTERNATIONAL AIRPORT.

FLAMINGO RD THE STRIP MY DURANGO DR D

ARVILLE ST ARVILLE R D

PARADISE RD PARADISE E U

T HARMON AVE R

N HARMON AVE A

E HARMON AVE NT C UNLV E

EASTERN AVE B

N LV

W TROPICANA AVE D BR

O TROPICANA AVE O T A D JONES BLVD McLEOD DR

TROPICANA AVE SPENCER ST B RAINBOW BLVD E N RENO AVE RENO AVE T B LAS VEGAS BLVD TORREY PINES DR TORREY HACIENDA AVE L V HACIENDA AVE McCarran MISSOURI AVE D International RUSSELL RD RD SANDHILL RUSSELL RD RUSSELL RD 95 RUSSELL RD DEWEY Airport PATRICK LN OQUENDO RD PATRICK LN

H GIBSON RD

C

N A

MONTESSOURI ST ANNIE OAKLEY DR ANNIE OAKLEY

GALLERIA DR GALLERIA R DECATUR BLVD DECATUR MOUNTAIN VISTA ST VISTA MOUNTAIN LAPAI WAY LAPAI EASTERN AVE GRAND CANYON DR CANYON GRAND SUNSET RD SUNSET RD SUNSET RD Y

E

N INDUSTRIAL RD INDUSTRIAL HUA

T INTERSTATE I Canyon Ridge H

W MERZE AVE EVELYN AVE EVELYN 215 RD PABCO LAKE MEAD PARKWAY PECOS RD

Business Park MAULE AVE ST MARKS FOSTER AVE WARM SPRINGS RD WARM SPRINGS RD PUEBLO

ROBINDALE RD TENAYA WAY ROBINDALE RD

FORT APACHE RD APACHE FORT INTERSTATE AMERICAN PACIFIC DR HENDERSON CENTER ST WINDMILL LN 15 WATER ST

DURANGO DR WINDMILL LN VALLE VERDE DR VALLE AD ME WIGWAM AVE WIGWAM AVE KE

WIGWAM AVE EASTERN AVE LA VAN WAGENEN ST GIBSON RD GIBSON ARROYO GRANDE BLVD VALLEY VIEW BLVD VALLEY BASIC MAJORRD AVE BLUE DIAMOND RD STEPHANIE ST

PEBBLE RD Y PALO VERDE DR PALO W K

INTERSTATE RACETRACK RD

P WY ALBANY

SERENE AVE Y E MARYLAND PKWY MARYLAND L

215 PACIFICAVE L HORIZON DR

JONES BLVD VA HUALAPAI WAY HUALAPAI

D

INDUSTRIAL RD INDUSTRIAL Y N SPENCER ST W

RAINBOW BLVD ASE R

BUFFALO DR BUFFALO O S E P E PK

EL CAPITAN WAY TENAYA WAY V

S L

L

I

H D

T

E

S

R E M O

S ER Y

O E

U SILVERADO RANCH BLVD HORIZON RIDGE PKWY A T R

MOUNTAIN’S EDGE PKWY W HE G RN H N FORT APACHE RD APACHE FORT IG E

H PKWY E

Mountain’s Edge L N RIDGE HORIZO R

A HAVEN

LAS VEGAS BLVD N G COLLEGE DR Southern D RICHMAR . SEVEN HILLS S Y KW IGHT P P HE S

Highlands K MISSION DR SE GE

W O ID

R SUNR Y . ST Hills PARADISE HILLS

Henderson Seven las vegas overview1

Aerial Map

Summerlin

Strip

Durango Dr. Dr. Durango Durango

Russell Rd. McCarran CANYON RIDGE International BUSINESS PARK Airport

S o u r c e : ©2020 Esri.

April 27, 2020

©2020 Esri Page 1 of 1 Disclaimer

This package is provided to you by MDL Group and is intended solely for your limited use and benefit in determining whether you desire to express further interest in purchasing or leasing the property described in the attached documentation (the “Property”). The providing of “this package” to you and your use thereof is conditioned upon your agreement to the terms set forth below.

This package contains selected information pertaining to the Property. It does not purport to be a representation of the state of affairs of the current owner, nor should it be construed to contain all or part of the information which prospective investors would deem necessary to evaluate the Property for purchase. Any financial projections and information provided are for general reference purposes only, are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the current owner and MDL Group. All projections, assumptions and other information provided are made herein are subject to material variation. MDL Group has not independently investigated the accuracy of the informa- tion within the package, as such information was obtained by the owner and/or public records. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers.

Neither the owner, MDL Group, nor any of their respective directors, officers, agents, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained within this package or any supplemental information provided after the delivery of this package to you, and no legal commitment or obligation shall arise by reason of your receipt of this package or use of its contents. Please also refer to the disclaimer at the bottom of each page of this package, which disclaimer is incorporated herein by reference.

You should understand and be advised that the owner of the Property expressly reserves the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with you or any other party at any time with or without notice which may arise as a result of this package. The owner shall have no legal commitment or obligation to you or any other party reviewing this package, nor shall the owner be required to accept an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligation therein have been satisfied or waived.

By receipt of “this package”, you agree that the package and its contents are of a confidential nature, that you will hold and treat it in the strictest confi- dence and that you will not disclose the package or any of its contents to any other entity without the prior written authorization of owner. You also agree that you will not use the package or any of its contents in any manner detrimental to the interest of the owner or MDL Group.

This package describes certain documents including leases and other materials, which documents are described in summary form only. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected and advised to review all such summaries and other documents of whatever nature independently with legal counsel, tax and other professionals of their choice who have the expertise to assist in investigating this information in detail. You are therefore advised not to rely solely on the package as part of your investigations on this Property. If you have no interest in further pursuing this Property, please return this package to MDL Group.