Cliff Drive Medical Plaza 1225 E Cliff Drive | El Paso, Texas 79902

CLIFF DRIVE MEDICAL PLAZA 1225 E CLIFF DRIVE | EL PASO, TEXAS 79902

OFFERING MEMORANDUM Colliers International Brokerage Company (“Broker“) has been retained as the exclusive advisor and broker for this offering.

This Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily 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 projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective Buyers.

By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller’s obligation thereunder have been satisfied or waived.

The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of seller or at the Subject Property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.

Broker and their prospective buyers agree not to contact the tenants, their employees or customers of any business on the Property without prior permission from the Landlord. CLIFF DRIVE

MEDICAL PLAZA BROWN STREET

1225 E CLIFF DRIVE | EL PASO, TEXAS 79902

EXCLUSIVE INVESTMENT TEAM

GEOFF FICKE Executive Vice President 1225 E CLIFF DRIVE +1 972 759 7814 [email protected] AVENUE

ZACK FICKE Vice President +1 972 759 7854 [email protected] E SCHUSTER

CHRIS HIGBIE Associate +1 972 759 7830 [email protected]

TODD MOORE Principal | Houston +1 713 830 2191 [email protected]

E CLIFF DRIVE BUILDING 2

BUILDING 3 EXECUTIVE SUMMARY CLIFF DRIVE MEDICAL PLAZA | EL PASO, TX

Colliers International is pleased to present an investment opportunity for 1225 E. Cliff Drive, El Paso TX.

Developed in 1994 and recently renovated with tenant improvements, this property is home to three (3) tenants across three (3) buildings totaling 29,032 rentable square feet. The facility is anchored by Fresenius Medical Care (Baa3 credit rating) and La Familia del Paso, operating in 13,555 square feet and 13,070 respectively. The tenant mix provides nephrology, podiatry and mental health services all under one roof. All leases are double net, have a weighted average lease term of 7 years remaining, and have a weighted average rate that is $1 PSF below market.

The 100% leased plaza is less than one mile from Interstate 10 and is surrounded by six major hospitals: The Hospitals of Providence Memorial Campus, The Hospitals of Providence Sierra Campus, La Palmas Medical Center, The Kindred Hospital El Paso, University Medical Center of El Paso, and El Paso Children's Hospital.

El Paso is a city and the county seat of El Paso County, Texas. The 2018 population estimate for the city from the U.S. Census was 682,669, making it the 22nd largest city in the United States. Its MSA covers all of El Paso and Hudspeth counties in Texas, and has a population of 840,758. The city is home to three publicly traded companies, and former Western Refining, now Andeavor, as well as home to the Medical Center of the Americas, the only medical research and care provider complex in West Texas and Southern New Mexico, and the University of Texas at El Paso, the city's primary university.

INVESTMENT HIGHLIGHTS

1994 29,032 100% NN YEAR BUILT SQUARE FEET OCCUPIED LEASES

ALSO FEATURING

• Multi-Tenant Medical Office Building in El Paso, TX- The 6th Most Populous City in Texas

• Anchored by Fresenius Medical Care

• Dense Retail Corridor; More Than 750,000 SF of Retail Within 5 miles of Subject Property

• Close Proximity to Several Hospitals; More Than 1,000 Staffed Beds

• Recent Property Renovation Totaling More Than $300,000 Commitment to Current Location

• Recent Renovations Include New HVAC and Interior Upgrades Throughout Each Building

1225 E CLIFF DRIVE | 5 EL PASO TEXAS EL PASO COUNTY

EL PASO METRO AREA POPULATION (2020) 951,000 EL PASO OVERVIEW (5 MILE RADIUS) DEMOGRAPHICS POPULATION In the identified area, the current year population is 146,736. In 2010, the Census count in 1 MILES 3 MILES 5 MILES the area was 145,523. The rate of change since 2010 was 0.09% annually. The five-year POPULATION projection for the population in the area is 148,685 representing a change of 0.26% annually 2024 Projection 13,603 72,417 148,685 from 2019 to 2024. Currently, the population is 48.8% male and 51.2% female. 2019 Estimate 13,466 71,054 146,736 2010 Census 13,594 69,089 145,523 HOUSEHOLDS 2000 Census 15,574 75,264 150,501 The household count in this area has changed from 53,057 in 2010 to 53,849 in the current year, a change of 0.16% annually. The five-year projection of households is 54,767, a change INCOME of 0.34% annually from the current year total. Average household size is currently 2.63, 2019 Average Household $56,997 $45,912 $51,749 compared to 2.66 in the year 2010. The number of families in the current year is 34,013 in the specified area. 2019 Median Household $29,267 $26,167 $31,559 2019 Per Capita $22,360 $17,463 $19,292 HOUSEHOLDS INCOME 2024 Projection 5,320 27,202 54,767 Current median household income is $31,559 in the area, compared to $60,548 for all U.S. households. Median household income is projected to be $36,164 in five years, compared to 2019 Estimate 5,251 26,555 53,849 $69,180 for all U.S. households. 2010 Census 5,251 25,680 53,057 Current average household income is $51,749 in this area, compared to $87,398 for all U.S. 2000 Census 5,431 25,808 51,455 households. Average household income is projected to be $59,123 in five years, compared to $99,638 for all U.S. households. HOME VALUE Current per capita income is $19,292 in the area, compared to the U.S. per capita income of 2019 Median Home Value $187,162 $118,578 $120,952 $33,028. The per capita income is projected to be $22,077 in five years, compared to $36,530 EMPLOYMENT for all U.S. households. 2019 Government (SIC91-97) 24 168 197 Businesses 2019 Government (SIC91-97) RACE AND ETHNICITY 603 4,915 6,837 Employees Persons of Hispanic origin represent 83.3% of the population in the identified area compared to 18.6% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity 2019 Total Daytime Population 28,569 111,858 210,367 Index, which measures the probability that two people from the same area will be from different 2019 UNEMPLOYMENT RATE race/ethnic groups, is 54.4 in the identified area, compared to 64.8 for the U.S. as a whole. 5.4% 6.3% 6.7% RACE & ETHNICITY HOUSING 2019 White Population (%) 77.45% 79.79% 79.44% Currently, 33.7% of the 59,321 housing units in the area are owner occupied; 57.1%, renter occupied; and 9.2% are vacant. Currently, in the U.S., 56.4% of the housing units in the area 2019 Hispanic Population (%) 82.27% 87.61% 83.30% are owner occupied; 32.4% are renter occupied; and 11.2% are vacant. In 2010, there were 2019 Black/African American 3.22% 2.68% 3.24% 56,968 housing units in the area - 38.4% owner occupied, 54.7% renter occupied, and 6.9% Population (%) vacant. The annual rate of change in housing units since 2010 is 1.82%. Median home value in 2019 Asian Population (%) 1.32% 0.96% 1.21% the area is $120,952, compared to a median home value of $234,154 for the U.S. In five years, median value is projected to change by 2.28% annually to $135,388. 1225 E CLIFF DRIVE | 7 VISIT EL PASO DIST RICT D UNION PLAZA GUIDE EL PASO METRO AREA OVERVIEWO

Let your taste buds indulge in locally brewed beer at Deadbeach Brewery and hang out on one of the best patios in town. Don’t W leave without filling a growler with your new favorite brew. El Paso is a city and the county seat of El Paso County, Texas. The 2018 population estimate for the city The Most Famous from the U.S. Census was 682,669, making it the 22nd largest city in the United States. Its MSA covers From the London Fashion Week Show to the all of ElN Paso and Hudspeth counties in Texas, and has a population of 840,758. feet of rock stars and celebrities, you can’t miss Rocketbuster Boots. Say hi to owner Nevena Christie, and get a look at the one-of-a-kind boots. The city is home to three publicly traded companies, and former Western Refining, now Andeavor, as wellT as home to the Medical Center of the Americas, the only medical research and care provider complex in West Texas and Southern New Mexico, and the University of Texas at El Paso, the city's primaryO university. El Paso has a strong federal and military presence. William Beaumont Army Medical Center, Biggs Army Airfield,W and Fort Bliss call the city home. Fort Bliss is one of the largest military complexes of the United Get Creative States Army and the largest training area in the United States. Also headquartered in El Paso are the If you’ve got kids in tow, then heading to Creative Kids is the perfect DEA domestic field division 7, El Paso Intelligence Center, Joint Task Force North, United States Border activity. This community-based art agency will give you the chance to N channel your artistic side as a family and get creating. Patrol El Paso Sector, and the U.S. Border Patrol Special Operations Group (SOG). In 2010 and 2018, El Paso received an All-America City Award. El Paso ranked in the top three safest large cities in the United States between 1997 and 2014, including holding the title of safest city between 2011 andH 2014. Noteworthy Spot U Any foodie will be happy at Tabla. Just like in real Spanish tapas bars, tables order up a selection of small dishes to share. Pro tip: you can never go wrong with the Brussel sprouts. 2019B EL PASO ACCOLADES Historic and newly Support renovated in 2016, San Jacinto Plaza is the Local heart and gateway to a downtown adventure. Find food, fun,#1 live music #2 TOP 100 TOP 14 Every Saturday from 9am-1pm, local artisans, and anMOST ode to AFFORDABLE the original SAFEST METRO CITIES IN BEST PLACES TO LIVE IN BEST CITY IN THE NATION artists, farmers and alligators who reigned food trucks gather over thisMAJOR landmark. U.S. With CITY THE USA THE COUNTRY FOR VETERANS TO LIVE on Anthony Street in fine dining, shopping Union Plaza. Enjoy a and attractions for all nice morning of coffee within walking distance, and treats, and try to downtown starts here. leave with just one bar of soap—it’s hard! 13 PHOTOGRAPHY BY CHRIS CARZOLI 1225 E CLIFF DRIVE | 8 EL PASO METRO AREA ECONOMY

7% 17% 12% 14% 9% MANUFACTURING PROFESSIONAL & BUSINESS SERVICES GOVERNMENT LEISURE & HOSPITALITY FINANCIAL ACTIVITIES

9% 5% 15% 2% 3% TRADE, TRANSPORT, & UTILITIES CONSTRUCTION EDUCATION & HEALTH SERVICES INFORMATION & OTHER SERVICES NATURAL RESOURCES & MINING

MAJOR AREA EMPLOYERS

El Paso Independant School District Western Refining The University of Texas at El Paso Fred Loya Insurance Las Palmas Medical Center Caprock Home Health Services DATAMARK The TECMA Group El Paso Day Surgery University Medical Center of El Paso

1225 E CLIFF DRIVE | 9 AERIAL MAP

BROWN STREET

1225 E CLIFF DRIVE

BROWN STREET E CLIFF DRIVE E SCHUSTER REGIONAL MAP

THE HOSPITALS OF PROVIDENCE SIERRA CAMPUS

THE KINDRED HOSPITAL EL PASO

UNIVERSITY MEDICAL CENTER OF EL PASO

LA PALMAS MEDICAL CENTER EL PASO CHILDREN'S HOSPITAL 1225 E CLIFF DRIVE

THE HOSPITALS OF PROVIDENCE MEMORIAL CAMPUS

KEY DISTANCES

Fresenius Medical Care provides kidney dialysis services through a network of 3,900 outpatient dialysis centers, serving 336,000 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo dialysis 3 times per week for the rest of their lives. FMC has a 38% market share of the dialysis market in the United States.

% BLDG. LEASE LEASE ANNUAL TOTAL RENT PER TOTAL RENT PER LEASE TENANT SUITE RSF RENT INCREASES GUARANTEES SHARE COMMENCEMENT EXPIRATION RENT PSF MONTH YEAR TYPE Corporate Fresenius Bldg. 1 13,555 47% 7/21/1993 12/31/2026 $18.77 $21,202.28 $254,427.35 NN 1% Annually Guarantee

ANCHOR TENANT CREDIT OUTLOOK | FRESENIUS MEDICAL CARE

Moody’s recently completed a periodic review of Fresenius Medical Care Holdings, Inc. FMCH’s Baa3 rating provides further assurance of stability in cash flow.

From Moody’s: Fresenius Medical Care Holdings, Inc.'s ("FMCH") Baa3 long-term rating reflects the company's stand-alone credit profile, but also the fact that Fresenius Medical Care Holdings, Inc. is a material subsidiary of Fresenius Medical Care AG & Co. KGaA ("FMC", Baa3 stable), as this entity owns and consolidates all the US operating subsidiaries of the parent. Given the substantial contribution of FMCH to the FMC's overall performance (amounting to around two thirds of revenues and EBITDA in the past three years) as well as the strategic importance of the US market, Moody's believes that FMCH will remain an integral part of FMC over time and would benefit from the parent's support in case of need.

Moody's rating also considers a still leveraged capital structure of FMCH with Moody's adjusted gross leverage of around 3.2x at year-end 2018 as well as its acquisitive strategy, which constrains credit metrics. In addition, Moody's rating takes into consideration the company's exposure to tightening healthcare budgets, potential regulatory changes, government investigations or changes in the payor mix.

1225 E CLIFF DRIVE | 12 TENANT SUMMARIES (CONTINUED) CLIFF DRIVE MEDICAL PLAZA | EL PASO, TX

La Familia del Paso is a non-profit organization that offers an array of services to benefit the mental health community in the El Paso, Texas. These services were initiated per behavioral health consumers to target specific needs and behaviors that are distinct to the mental health population. With this vision in mind, LFDP has grown to be one of the primary mental health providers in West Texas, with 7 locations in the El Paso market.

% BLDG. LEASE LEASE ANNUAL TOTAL RENT PER TOTAL RENT PER LEASE TENANT SUITE RSF RENT INCREASES GUARANTEES SHARE COMMENCEMENT EXPIRATION RENT PSF MONTH YEAR TYPE La Familia del Bldg. 1 , 2,470 9% 1/1/2020 12/31/2029 $19.29 $3,969.50 $47,633.95 NN CPI increases NA Paso Suite D La Familia del Bldg. 2, 3,300 11% 1/1/2020 12/31/2029 $19.29 $5,303.38 $63,640.50 NN CPI increases NA Paso Suite B Bldg. 3, Suite# La Familia del 100 / 7,300 25% 5/1/2017 4/30/2027 $16.29 $9,912.01 $118,944.17 NN CPI increases NA Paso #200 / #300

Dr. Pittle Podiatrist in El Paso, Texas treats a variety of podiatric issues and ailments (such as athlete's foot, bunions, callouses, diabetic foot care, fungal toe nails, hammertoes, heel pain, ingrown toe nails, wound care, etc.). They accept patients of all ages, including infants, children, teenagers and adults. With treatment options ranging from surgical to medical to physical procedures, patients are familiarized with the full scope of options prior to receiving treatment.

% BLDG. LEASE LEASE ANNUAL TOTAL RENT PER TOTAL RENT PER LEASE TENANT SUITE RSF RENT INCREASES GUARANTEES SHARE COMMENCEMENT EXPIRATION RENT PSF MONTH YEAR TYPE Dr. Pittle Bldg. 2, Seller 2,407 8% 12/31/1999 6/30/2025 $19.19 $3,849.19 $46,190.33 NN 1% annually Podiatry Suite A Guarantee

* New lease under negotiation. Seller is guaranteeing the rent for two years.

1225 E CLIFF DRIVE | 13 TENANT OVERVIEW CLIFF DRIVE MEDICAL PLAZA | EL PASO, TX

% BLDG. LEASE LEASE YEARS ANNUAL TOTAL RENT PER TOTAL RENT PER LEASE RENT TENANT SUITE RSF GUARANTEES SHARE COMMENCEMENT EXPIRATION REMAINING RENT PSF MONTH YEAR TYPE INCREASES Corporate Fresenius Bldg. 1 13,555 47% 7/21/1993 12/31/2026 6.07 $18.77 $21,202.28 $254,427.35 NN 1% Annually Guarantee Bldg. 1 , La Familia del Paso Suite D 2,470 9% 1/1/2020 12/31/2029 9.07 $19.29 $3,969.50 $47,633.95 NN CPI increases NA Bldg. 2, La Familia del Paso Suite B 3,300 11% 1/1/2020 12/31/2029 9.07 $19.29 $5,303.38 $63,640.50 NN CPI increases NA Bldg. 3, Suite# La Familia del Paso 100 / 7,300 25% 5/1/2017 4/30/2027 6.40 $16.29 $9,912.01 $118,944.17 NN CPI increases NA #200 / #300 Dr. Pittle Bldg. 2, Seller Podiatry Suite A 2,407 8% 12/31/1999 6/30/2025 4.56 $19.19 $3,849.19 $46,190.33 NN 1% annually Guarantee

Total/Average 29,032 100% 7.03 $18.56 $44,236.36 $530,836.30

1225 E CLIFF DRIVE | 14 RENT SCHEDULE | BUILDING 1 CLIFF DRIVE MEDICAL PLAZA | EL PASO, TX

BUILDING 1 - FRESENIUS HEALTHCARE

Rentable Square Feet 13,555

Rent Adjustment 1% annually

Renewal Options 2 five-year options

Commencement Date 7/21/1993

Recent Renovations Upgraded interior and new HVAC

DATE ANNUAL RENT MONTHLY RENT RENT PSF

12/27/2014-12/31/2015 $230,435.00 $19,202.92 $17.00 1/1/2016-12/31/2016 $235,043.70 $19,586.98 $17.34 1/1/2017-12/31/2017 $239,787.95 $19,982.33 $17.69 1/1/2018-12/31/2018 $244,532.20 $20,377.68 $18.04

1/1/2019-12/31/2019 $249,412.00 $20,784.33 $18.40

1/1/2020-12/31/2020 $251,851.90 $20,987.66 $18.58

1/1/2021-12/31/2021 $254,427.35 $21,202.28 $18.77

BUILDING 1 - LA FAMILIA DEL PASO 1/1/2022-12/31/2022 $257,002.80 $21,416.90 $18.96

Rentable Square Feet 2,470 1/1/2023-12/31/2023 $259,578.25 $21,631.52 $19.15 1/1/2024-12/31/2024 $262,153.70 $21,846.14 $19.34 Rent Adjustment CPI Escalation 1/1/2025-12/31/2025 $264,729.15 $22,060.76 $19.53 Renewal Options 2 five-year options 1/1/2026-12/31/2026 $267,440.15 $22,286.68 $19.73 Commencement Date 1/1/2020

DATE ANNUAL RENT MONTHLY RENT RENT PSF

1/1/2020 - 12/31/2029 $47,633.95 $3,969.50 $19.29

Note: Assume 1.5% CPI escalation annually

1225 E CLIFF DRIVE | 15 BUILDING 1 RENT SCHEDULE | BUILDING 2 CLIFF DRIVE MEDICAL PLAZA | EL PASO, TX

BUILDING 2 - DR. CHARLIE PITTLE

Rentable Square Feet 2,407

Rent Adjustment 1% annually

Renewal Options 2 five-year options

Commencement Date 7/1/2020

Recent Renovations Upgraded interior and new HVAC

DATE ANNUAL RENT MONTHLY RENT RENT PSF

7/1/2020 - 6/30/2021 $45,733.00 $3,811.08 $19.00 7/1/2021 - 6/30/2022 $46,190.33 $3,849.19 $19.19 7/1/2022 - 6/30/2023 $46,652.23 $3,887.69 $19.38 7/1/2023 - 6/30/2024 $47,118.76 $3,926.56 $19.58 7/1/2024 - 6/30/2025 $47,589.94 $3,965.83 $19.77

BUILDING 2 - LA FAMILIA DEL PASO

Rentable Square Feet 3,300

Rent Adjustment CPI Escalation

Renewal Options 2 five-year options

Commencement Date 1/1/2020

DATE ANNUAL RENT MONTHLY RENT RENT PSF

1/1/2020 - 12/31/2029 $63,640.50 $5,303.38 $19.29

Note: Assume 1.5% CPI escalation annually

1225 E CLIFF DRIVE | 17 BUILDING 2 RENT SCHEDULE | BUILDING 3 CLIFF DRIVE MEDICAL PLAZA | EL PASO, TX

BUILDING 3 - LA FAMILIA DEL PASO

Rentable Square Feet 7,300

Rent Adjustment CPI Escalation

Renewal Options 2 five-year options

Commencement Date 5/1/2017

Recent Renovations Upgraded interior and new HVAC

BASE RENT CPI ADJUSTED

DATE ANNUAL MONTHLY RENT PSF ANNUAL MONTHLY RENT PSF

Year 1 Month 1-6 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Year 1 Month 7-12 $43,800.00 $3,650.00 $6.00 $43,800.00 $3,650.00 $6.00

Year 2 $103,660.00 $8,638.33 $14.20 $105,525.88 $8,793.82 $14.46

Year 3 $111,325.00 $9,277.08 $15.25 $112,994.88 $9,416.24 $15.48

Year 4* $111,325.00 $9,277.08 $15.25 $115,367.77 $9,613.98 $15.80 * 7 Year Average Rent of $18.67/sf ($136,274.11)

Year 5 $111,325.00 $9,277.08 $15.25 $118,944.17 $9,912.01 $16.29

Year 6 $120,450.00 $10,037.50 $16.50 $125,388.45 $10,449.04 $17.18

Year 7 $127,750.00 $10,645.83 $17.50 $134,265.25 $11,188.77 $18.39

Year 8 $131,400.00 $10,950.00 $18.00 $142,455.43 $11,871.29 $19.51

Year 9 $135,050.00 $11,254.17 $18.50 $152,569.77 $12,714.15 $20.90

Year 10 $138,700.00 $11,558.33 $19.00 $164,927.92 $13,743.99 $22.59 Note: *The Total Annual Rent for Building 3 - La Familia del Paso is subject to annual CPI adjustment. *Rent from year 4 to year 10 is estimated based on CPI assumptions

1225 E CLIFF DRIVE | 19 BUILDING 3 FINANCIALS CLIFF DRIVE MEDICAL PLAZA | EL PASO, TX

PRICING DETAILS

Building 1 - Fresenius Healthcare $530,836 Building 1 - La Familia del Paso $254,427 Building 2 - La Familia del Paso $47,634 Building 2 - Dr. Charlie Pittle $63,641 Building 3 - La Familia del Paso $46,190 Net Operating Income $530,836 Price $7,069,000 Cap Rate 7.51% Price per Square Foot $243.49

PROJECT COSTS LOAN SUMMARY

Total Purchase Price $7,069,000 Proposed or Existing Proposed Loan Issuance Fees (1%) 42,414 Loan Amount $4,241,400 Projected New Equity Required $2,870,014 Loan-to-Value 60.00% Financing Terms Interest Rate 3.80%

Annual Debt Service (Interest Only) 161,173

Net Operating Income $530,836 Cash Flow $530,836 Debt Service $161,173 Net Cash Flow After Debt Service $369,663 Cash-on-Cash Return 12.88%

1225 E CLIFF DRIVE | 21 FINANCIALS (CONTINUED) CLIFF DRIVE MEDICAL PLAZA | EL PASO, TX

MARKET RENT COMPARISON

SF PRICE PSF

Building 1 - Fresenius Healthcare 13,555 $18.77 Building 1 - La Familia del Paso 2,470 $19.29 Building 2 - La Familia del Paso 3,300 $19.29 Building 2 - Dr. Charlie Pittle 2,407 $19.19 Building 3 - La Familia del Paso 7,300 $16.29 Building 1-3 Weighted Average Rent $18.28

El Paso Market Rent (2-4 Star, Q1 2020) $19.18

*Source: CoStar Group

1225 E CLIFF DRIVE | 22 COLLIERS INTERNATIONAL | DALLAS 1717 McKinney Avenue, Suite 900 Dallas, Texas 75202 www.colliers.com

OFFERING MEMORANDUM | COLLIERS INTERNATIONAL

EXCLUSIVE INVESTMENT ADVISORY TEAM

GEOFF FICKE ZACK FICKE CHRIS HIGBIE TODD MOORE Executive Vice President Vice President Associate Principal | Houston +1 972 759 7814 +1 972 759 7854 +1 972 759 7830 +1 713 830 2191 [email protected] [email protected] [email protected] [email protected]

YUWEN CAO SYDNEY GONZALEZ SWARREN O’BARR Sr. Financial Analyst Sr. Client Services Specialist Sr. Client Services Coordinator +1 972 759 7850 +1 972 759 7840 +1 972 759 7854 [email protected] [email protected] [email protected]