9 5 2 5 H I L L W O O D S U M M E R L I N P R O F E S S I O N A L O F F I C E

FOR SALE PRESENTED BY:

ROBERT C. PAPANIA, CCSS AND LEASE 702.328.4663 OFFERING MEMORANDUM [email protected] CONTENTS

EXECUTIVE SUMMARY 2 MAPS, AERIALS, AND PLANS 6 MARKET OVERVIEW 11

PRESENTED BY:

ROBERT C. PAPANIA 702.328.4663 [email protected] EXECUTIVE SUMMARY 2 MAPS, AERIALS, AND PLANS

MARKET OVERVIEW

ROBERT C. PAPANIA 702.328.4663 9525 HILLWOOD 1 ADDRESS: 9525 Hillwood Dr. , NV 89134 APN: 138-30-510-014 OFFERING PRICE: $7,000,000 Pro Forma NOI: $484,372.60 Pro Forma CAP RATE: 6.92% Actual CAP: 5.57% Price per SF: $291 TOTAL SIZE: +or - 24,040 ACREAGE: 2.02 Actual OCCUPANCY: =or- 85% YEAR BUILT: 2002 NUMBER OF TENANTS: 3 + 1 Vacant spot ZONING: P-C

ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD EXECUTIVE SUMMARY 2 INVESTMENT HIGHLIGHTS

Excellent Summerlin Location Ease of access From Summelin parky Up side potential (Value add) Below Market Lease Rates 4.7 parking spots per Thousand Sq. Ft. Over 40 individual AC Units Long Term/ Professional Tenant Mix 40 Covered Parking Spots Highly Educated work force within the Large Land Size Immediate area.

ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD EXECUTIVE SUMMARY 3 SIGNATURE REAL ESTATE Signature Real Estate Group Provides Professional Property SUITE SQUARE FOOTAGE: 10,884 Management Services to the Summerlin, Las Vegas, Henderson, LEASE EXPIRATION DATE: 06/30/2021, 11/30/2021 & 03/30/2020 COMPANY WEBSITE: www.signaturenv.com Mountains Edge, and Green Valley areas.

NOVEMBER INC & OCTOBER INC November Inc. is well positioned to serve local, federal and SUITE SQUARE FOOTAGE: 3,191 statewide political campaigns in a senior consulting role. November LEASE EXPIRATION DATE: 12/31/2020 COMPANY WEBSITE: www.novemberinc.com Inc. directs and advises clients on strategic planning, messaging, creative advertising, direct mail, mobile and digital communications. October, Inc. is a nationally recognized full-service fundraising firm built on years of success, having generated in excess of $100 million dollars for political and non-profit clients.

Vacant Suite #190 SUITE SQUARE FOOTAGE: 3,571 Suite #190 LEASE EXPIRATION DATE: Vacant spot as of 11/16/2018 COMPANY WEBSITE:

ALIGNOLOGY

Suite #100 SUITE SQUARE FOOTAGE: 6,394 LEASE EXPIRATION DATE: 02/29/2024 COMPANY WEBSITE: www.alignology.com

ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD EXECUTIVE SUMMARY 4 EXECUTIVE SUMMARY MAPS, AERIALS, AND PLANS 6 MARKET OVERVIEW

ROBERT C. PAPANIA, CCSS 702.328.4663 9525 HILLWOOD 5 LAS VEGAS STRIP ONE QUEENS RIDGE PLACE

SUNCOAST HOTEL AND CASINO

SU M M E R L IN P K W Y . Y E A R 2 0 1 6 : 5 5 ,0 0 0 C P D

ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD MAPS, AERIALS AND PLANS 6 BENEFITS GROUP & INDIVIDUAL HEALTH INSURANCE 9 5 2 5 H I L L W O O D D R I V E LAS VEGAS INSTITUTE

YUCCA MOUNTAIN SITE KAERCHER INSURANCE

U S P O S T A L O F F I C E

24 HOUR FITNESS

S U M M E R L I N L I B R A R Y

U.S. BANK BRANCH

T R A I L S V I L L A G E C E N T R E

THE UPS STORE

WELLS FARGO

STARBUCKS

CHASE

ALBERTSONS

CVS 7 ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD MAPS, AERIALS AND PLANS 8 SUITE 150 (140) & 160 SUITE 180

SUITE 180 SUITE 190

SUITE 100 CONFERENCE ROOM R E C S E I T A P R T T I E I LOBBY A O N N G

SIGNATURE REAL ESTATE

Vacant Space

NOVEMBER INC & OCTOBER INC

ALIGNOLOGY

ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD MAPS, AERIALS AND PLANS 9 EXECUTIVE SUMMARY

MAPS, AERIALS, AND PLANS MARKET OVERVIEW 11

ROBERT C. PAPANIA, CCSS 702.328.4663 9525 HILLWOOD 10 SUMMERLIN Dynamic, mixed-use master-planned community located along the western rim of the . Home to ten golf courses including Nevada’s only two TPC golf courses, one of the world’s first Jack Nicklaus Bear’s Best golf courses and Tom Fazio’s Summit course, more than two dozen schools (both

public and private), houses of worship, cultural facilities, SUBJECT PROPERTY 250-plus village and neighborhood parks, the Summerlin Trail System (more than 150 completed miles), employment centers and business parks, shopping centers including , medical facilities and dozens of floor plans in several actively-selling neighborhoods by multiple home builders. Summerlin is a multi-generational and fully integrated community where residents can live, work, play, learn, worship and shop.

POPULATION April 2017: 109,000 Projected: 200,000+

DWELLING UNITS April 2017: 43,593 Projected: 80,000+

EMPLOYMENT January 2017: 25,000

COMMERCIAL SPACE Office: 3.5 million SF Retail: 3.5 million SF

DOWNTOWN SUMMERLIN Office: 200,000 SF Retail: 1.2 million SF

*Source: www.summerlin.com www.howardhughes.com

ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD MARKET OVERVIEW 11 THE HOWARD HUGHES CORPORATION OWNED / OPERATED OFFICE PROPERTIES ONE SUMMERLIN • Located in the heart of Downtown Summerlin, a 200,000-square-foot, nine-story Class A office building with retail on the first floor • Constructed to LEED Silver specifications • Offers 360-degree panoramic mountain and valley views • Currently leasing • Opened 2016

PRIVATELY OWNED / OPERATED OFFICE PROPERTIES

E C A N Y O N S C E N T E R A T S U M M E R L I N C H A R L E S T O N P A V I L I O N C O R P O R A T E P O I N T E A T S U M M E R L I N C E N T R E C T H E C R O S S I N G B U S I N E S S C E N T E R E X E C U T I V E P A R K A T T H E R I D G E S ( F u t u r e ) I T H E G A R D E N S B U S I N E S S P A R K T H E G A R D E N S P L A Z A

F H I L L S C E N T E R B U S I N E S S P A R K H I L L S C E N T E R N O R T H B U S I N E S S P A R K H I L L S S O U T H B U S I N E S S C E N T E R F H O W A R D H U G H E S P L A Z A P A R K W A Y P O I N T E P L A Z A N O R T H O P L A Z A S O U T H T H E P L A Z A S A T S U M M E R L I N R A M P A R T P L A Z A S I E N A G A R D E N S O F F I C E P A R K T O W N C E N T E R 2 1 5

T R A I L W O O D O F F I C E P A R K *Source: www.summerlin.com www.howardhughes.com

ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD MARKET OVERVIEW 12 ELEMENT LAS VEGAS SUMMERLIN • Located in The Gardens village • 123 all-suite eco-friendly hotel with rooms ranging from 386 to 771 square feet • Amenities include a conference center, dining and barbecue areas, pool, fitness room and laundry facilities • Developed by Starwood Hotels & Resorts • S

Opened in 2008 S

T

T

JW MARRIOTT LAS VEGAS RESORT & SPA R

• Located on approximately 54 acres in The Canyons village of Summerlin, near

R Summerlin Parkway and Rampart Boulevard • 548 oversized guest rooms including 77 suites. Rooms range from 560 to 2,340

O square feet

• 13 dining and entertainment venues O • Aqua Sulis, a 40,000-square-foot spa that features 36 treatment rooms, an S

11,000-square-foot fitness and cardio center, wading pools, steam rooms, saunas, whirlpools, a full service beauty salon and boutique. Spa also offers daily fitness S classes E

• Amenities include pools, fitness facilities and neighboring TPC Las Vegas, one of

only two PGA TOUR Tournament Players Club stadium golf courses in Nevada E • More than 100,000 square feet of indoor and outdoor space can be reserved at

R the resort’s conference center for corporate gatherings, weddings or other special events. Facilities include 35 meeting rooms and four ballrooms

R • Resort opened in July 1999

*Source: www.summerlin.com www.howardhughes.com

ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD MARKET OVERVIEW 13 RED ROCK CASINO, RESORT & SPA • Located on approximately 70 acres in Summerlin Centre, near the

S 215 beltway at West Charleston Boulevard • Nearly $1 billion project developed by Station Casinos Inc. • Casino floor features the most comprehensive and state-of-the-art

T gaming including 3,000 slot/video poker machines, 60 table games, race and sports book, poker room, bingo parlor and a private high-limit room • 816 hotel rooms ranging from 500 to 4,000 square feet offering R amazing views of the Las Vegas Strip to the east and Red Rock Canyon National Conservation Area to the west • Nearly a dozen restaurants and a food court

O • 25,000-square-foot spa that features 20 treatment rooms, outdoor cabanas, lounging deck and lap pool, yoga garden, fitness area, a full service beauty salon and Las Vegas’ first resort adventure spa

S program • Several bars and lounges are featured throughout the resort including Lucky Bar, Onyx Bar and Rocks Lounge

E • Amenities include a three-acre backyard pool and beach area, a 16- screen theatre with private VIP-viewing boxes operated by Regal Cinemas and a 72-lane bowling facility • 70,000 square feet of meeting, convention and banquet space R • Resort opened in April 2006

*Source: www.summerlin.com www.howardhughes.com

ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD MARKET OVERVIEW 14 MEDICAL CENTER

THE HEIGHTS OF SUMMERLIN

LAS VENTANAS AT SUMMERLIN L MEDICAL GROUP AT SUN CITY

ROYAL SPRINGS HEALTHCARE AND REHAB A PUEBLO MEDICAL IMAGING C I D E M

*Source: www.summerlin.com www.howardhughes.com

ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD MARKET OVERVIEW 15 R E S O R T S W O R L D L A S V E G A S

F O R M E R F O U N T A I N B L U E

W Y N N W E S T

L A S V E G A S R A I D E R S

S W Y N N - P A R A D I S E P A R K

L V C V A C O N V E N T I O N C E N T E R E X P A N S I O N

T P A L M S H O T E L & C A S I N O R E N O V A T I O N

M S G S P H E R E L A S V E G A S

C C A S H M A N S O C C E R T E A M S T A D I U M

I - 1 5 E X P A N S I O N " P R O J E C T N E O N "

E I - 1 1 B O U L D E R C I T Y B Y P A S S

U S - 9 5 / C C 2 1 5 I N T E R C H A N G E " C E N T E N N I A L B O W L " J

I - 1 5 / U S 9 3 G A R N E T I N T E R C H A N G E

L A S V E G A S 5 1 ' S A A A B A S E B A L L S T A D I U M O L A S V E G A S R A I D E R ' S P R A C T I C E F A C I L I T Y R P

ROBERT C. PAPANIA , CCSS 702.328.4663 9525 HILLWOOD MARKET OVERVIEW 16 DISCLAIMER & CONFIDENTIALITY

This O.M. was created using information provided from many parties and best efforts were made to insure its accuracy and reliability. However, this information should be verified by the buyer and all interested parties as it is not guaranteed. Pro forma gross income was calculated by taking the actual building income for 2019 and adding the vacant space at a rate of $1.85 per sq ft and .35 cents per sq ft for CAM (As advertised for lease). Operating expenses were the actual 2018 expenses.

All parties receiving this O.M. hereby agree to not divulge, disseminate, and/or discuss any information contained herein with any parties other then but not limited to, their perspective clients, buyers, and/or interested parties. No information contained within this O.M. is made to construe or imply anything, this is strictly for marketing purposes.

ROBERT C. PAPANIA, CCSS 702.328.4663 9525 HILLWOOD 17