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7026 Sepulveda Boulevard , CA 91405 OFFERING MEMORANDUM

Colliers International 16830 | Suite J Encino, CA 91436 | United States colliers.com/greaterlosangeles “Our mission is to provide our multifamily clients with proven, personalized service that not only achieves— but exceeds—their investment objectives. Through a spirit of honesty, integrity and ingenuity, our team of brokerage, research and marketing professionals, with expertise in the and Tri-Cities markets, aims to maximize returns while safeguarding the best interests of our clients.”

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REZA GHOBADI DELORES CROSBY JARED PAPAZIAN TONY SAMEYAH Senior Vice President Client Services Coordinator Multifamily Specialist Multifamily Specialist +1 818 325 4142 +1 818 325 4140 +1 818 325 4145 +1 818 325 4106 [email protected] [email protected] [email protected] [email protected] Lic. 01780045 Lic. 02018676 Lic. 02015965 Table of Contents

Project Overview 4-7 Market Comparables 13-19 Financial Analysis 8-12 Area Overview 20-23 4 Property Overview Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Property Overview PROPERTY INFORMATION 7026 Sepulveda Boulevard Address Van Nuys, CA 91405 Team Ghobadi of Colliers International is pleased to present APN 2220-009-022 the sale of a 29 unit building located at 7026 Sepulveda Boulevard, Van Nuys, CA. Built in 1978, the Certificate of Year Built 1978 - COO was issued on 3/26/1979 Occupancy (COO) was issued on March 26, 1979. Number of Units 29

This property offers a unit mix of (3) 2-Bedroom/2-Bath, (15) Number of Buildings 1 1-Bedroom/1-Bath and (11) Studios/1-Bath totaling ±20,224 square feet resting on ±29,214 square foot lot. Some of the Building Area 20,224 SF common area amenities are a shaded central courtyard / Land Area 29,214 SF barbecue area and a laundry room. In addition, the complex offers 39 gated parking spaces at the rear of the property. Zoning LAR3

Roof Flat Positioned in a densely populated rental neighborhood, this property is located South of Sherman Way and West of Stories 2 Kester Avenue. Also, Valley Presbyterian Hospital, Van Nuys Parking 39 High School, the 405 Freeway, and Balboa Park are in close proximity to the subject property. Laundry Facility Yes

Subject to Soft-Story No

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Property Overview | 7026 Sepulveda Blvd. | Van Nuys, CA 5 6 Property Overview 7026 Sepulveda Blvd. Van Nuys, CA Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, | | warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. PROPERTY HIGHLIGHTS

• Built in 1978 - Certificate of Occupancy issued 3/26/1979 • LAR3 and Tier 1 (TOC) • Laundry Room • Shaded Courtyard with Barbecue Area and a Dining Table • Secure Parking and Gated Entry • 39 Parking Spaces • Separately Metered for Gas and Electricity • Good Upside Potential • Some of the Units Have a Balcony • Within Close Proximity to the Van Nuys Metro Link, 405 Freeway, Valley Presbyterian Hospital, and the Balboa Park

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, 7 warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Property Overview | 7026 Sepulveda Blvd. | Van Nuys, CA 7 8 Financial Analysis 8 Property Valuation 7026 Sepulveda Blvd. Van Nuys, CA Colliers International makesColliers no guarantees, International representations makes no orguarantees, warranties representations of any kind, expressed or warranties or implied, of anyregarding kind, expressedthe information or implied, including, regarding but not thelimited to, | | warranties of content, accuracyinformation and reliability. including, This but publication not limited is the to, copyrightedwarranties propertyof content, of Colliersaccuracy International and reliability. and/or This its publication licensor(s). is2020. the copyrightedAll rights reserved. property of Colliers International and/or its licensor(s). 2020. All rights reserved. INVESTMENT SUMMARY

Value $7,100,000 Down Payment 38% $2,698,000 Year Built 1978 Units 29 Price/Unit $244,828 RSF 20,224 Price/RSF $351.07 Lot Size 29,213 Zoning LAR3 APN 2220-009-022 CAP Rate 4.00% GRM 14.06 Proforma CAP Rate 4.74% Proforma GRM 12.65

Proposed Financing Loan Amount 62% $4,402,000 Down Payment 38% $2,698,000 Loan Type Fixed Interest Rate 3.65% Term 5 Years Monthly Payment $20,137.37 Debt Coverage Ratio 1.18 *Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. VALUE CAP RATE GRM PRICE/UNIT PRICE/SF $7,100,000 4.00% 14.06 $244,828 $351.07

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the FinancialProperty Analysis Valuation | 7026| 7026 Sepulveda Sepulveda Blvd. Blvd. | Van| Van Nuys, Nuys, CA CA 9 copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. RENT ROLL Unit # Unit Type Notes Move-in Last Rent Increase Actual Proforma 1 2+2 Manager 2/1/2006 $0 $1,995 2 1+1 3/12/2013 10/1/2019 $1,389 $1,695 3 1+1 12/16/2017 10/1/2019 $1,655 $1,695 4 1+1 9/1/2004 10/1/2019 $1,399 $1,695 5 1+1 5/21/2016 10/1/2019 $1,379 $1,695 6 1+1 2/1/2018 10/1/2019 $1,608 $1,695 7 1+1 5/5/2012 10/1/2019 $1,376 $1,695 8 1+1 8/19/2016 10/1/2019 $1,374 $1,695 9 1+1 11/1/1993 10/1/2019 $1,399 $1,695 10 Single 4/21/2018 10/1/2019 $1,296 $1,395 11 Single 10/23/2015 10/1/2019 $1,238 $1,395 12 Single 11/8/2016 10/1/2019 $1,343 $1,395 12A Single 10/15/2018 11/1/2019 $1,347 $1,395 14 Single 3/6/2017 $1,325 $1,395 15 1+1 12/15/2018 $1,495 $1,695 16 1+1 10/1/2013 10/1/2019 $1,296 $1,695 17 1+1 5/1/2018 10/1/2019 $1,400 $1,695 18 1+1 Vacant $0 $1,695 19 1+1 7/1/2004 10/1/2019 $1,392 $1,695 20 Single 1/28/2017 10/1/2019 $1,296 $1,395 21 Single 1/29/2017 10/1/2019 $1,260 $1,395 22 Single 2/2/2015 10/1/2019 $1,245 $1,395 23 Single 7/10/2018 10/1/2019 $1,296 $1,395 24 Single Vacant $0 $1,395 25 1+1 7/5/2018 10/1/2019 $1,551 $1,695 26 1+1 10/1/2019 $1,595 $1,695 27 2+2 8/1/2016 10/1/2019 $1,868 $1,995 28 2+2 4/14/2018 10/1/2019 $1,920 $1,995 29 Single 1/1/2011 10/1/2019 $1,243 $1,395 29 20,224 $36,985 $46,755 Gross Scheduled Monthly Rental $36,985 $46,755 Gross Scheduled Annual Rental $443,820 $561,060 Monthly Laundry Income $265 $265 Annual Laundry Income $3,180 $3,180 Total Yearly Scheduled Income $447,000 $564,240

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, 10 Financial Analysis | 7026 Sepulveda Blvd. | Van Nuys, CA warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. INVESTMENT SUMMARY Annualized Income Actual % Actual Proforma % Proforma Gross Potential Rent $504,840 $561,060 Laundry Income $3,180 $3,180 Gross Potential Income $508,020 $564,240 Less Economic Vacancy -3.00% -$15,145 -3.00% -$16,832 Effective Gross Income $492,875 $547,408 Less Expenses 42.34% $208,703 38.52% $210,884 Net Operating Income: $284,172 $336,524 Less Debt Service $241,648 $241,648 Net Cash Flow After Debt Service 1.58% $42,523 3.52% $94,875

Annualized Expenses Actual % Actual Proforma % Proforma Real Estate Taxes 18.01% $88,750 16.21% $88,750 Insurance 1.53% $7,561 1.38% $7,561 Gas 1.43% $7,056 1.29% $7,056 Electric & Water (DWP) 4.65% $22,926 4.19% $22,926 On-Site Manager 2.12% $10,440 1.91% $10,440 Professional Management 4.00% $19,715 4.00% $21,896 Repairs & Maintenance 5.59% $27,550 5.03% $27,550 Pest Control 0.22% $1,080 0.20% $1,080 Yard & Landscaping 1.64% $8,100 1.48% $8,100 Trash 1.74% $8,558 1.56% $8,558 Telephone 0.40% $1,964 0.36% $1,964 Cleaning 0.58% $2,850 0.52% $2,850 Business Tax & Miscellaneous 0.44% $2,153 0.39% $2,153 Total Expenses 42.34% $208,703 38.52% $210,884 Expenses Per RSF $10.32 $10.43 Expenses Per Unit $7,197 $7,272

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Financial Analysis | 7026 Sepulveda Blvd. | Van Nuys, CA 11 EXPENSES

Expenses Current PSF Per Unit Proforma PSF Per Unit Current Real Estate Taxes $88,750 $4.39 $3,060 $88,750 $4.39 $3,060 Tax Rate based on new value/price Insurance $7,561 $0.37 $261 $7,561 $0.37 $261 Actual P&L 2019 Gas $7,056 $0.35 $243 $7,056 $0.35 $243 Actual P&L 2019 Electric & Water (DWP) $22,926 $1.13 $791 $22,926 $1.13 $791 Actual P&L 2019 On-Site Manager $10,440 $0.52 $360 $10,440 $0.52 $360 Estimated at $870 / Month Professional Management $19,715 $0.97 $680 $21,896 $1.08 $755 Estimated at 4% of EGI Repairs & Maintenance $27,550 $1.36 $950 $27,550 $1.36 $950 Estimated at $950 / Unit Pest Control $1,080 $0.05 $37 $1,080 $0.05 $37 Actual P&L 2019 Yard & Landscaping $8,100 $0.40 $279 $8,100 $0.40 $279 Actual P&L 2019 Trash $8,558 $0.42 $295 $8,558 $0.42 $295 Actual P&L 2019 Telephone $1,964 $0.10 $68 $1,964 $0.10 $68 Actual P&L 2019 Cleaning $2,850 $0.14 $98 $2,850 $0.14 $98 Actual P&L 2019 Business Tax & Miscllaneous $2,153 $0.11 $74 $2,153 $0.11 $74 Actual P&L 2019

Total Expenses $208,703 $10.32 $7,197 $210,884 $10.43 $7,272

UNIT MIX SUMMARY

# of RSF Total Actual Rent Actual Rent Total Actual Market Rent Market Rent Total Market Unit Type Units (Approx.) RSF Per Unit PSF Rent Potential Per Unit PSF Rent Potential Studio 11 N/A N/A $1,299 N/A $14,284 $1,395 N/A $15,345 1 Bedroom 1 Bath 15 N/A N/A $1,467 N/A $22,003 $1,695 N/A $25,425 2 Bedroom 2 Bath 3 N/A N/A $1,928 N/A $5,783 $1,995 N/A $5,985 Totals / Wtd. Averages 29 697 20,224 $1,450.69 $2.08 $42,070 $1,612.24 $2.31 $46,755 Annual Rent Potential $504,840 $561,060

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, 12 Financial Analysis | 7026 Sepulveda Blvd. | Van Nuys, CA warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Market Comparables 13 Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. RENT COMPARABLES

1 15425 SHERMAN WAY | Van Nuys, CA 91406 3 14955 SATICOY STREET | Van Nuys, CA 91405

Year Built Units Year Built Units 1976 Reno 2006 100 1986 106

Type Rent SF Type Rent SF

Studio + 1 Bath $1,450 450 1 Bed + 1 Bath $1,550 660

2 14960 SHERMAN WAY | Van Nuys, CA 91405 4 15454 SHERMAN WAY | Van Nuys, CA 91406

Year Built Units Year Built Units 1971 154 1967 390

Type Rent SF Type Rent SF

Studio + 1 Bath $1,325 450 1 Bed + 1 Bath $1,686 678

5 15314 GAULT STREET | Van Nuys, CA 91406

Year Built Units 1979 45

Type Rent SF

1 Bed + 1 Bath $1,705 845

14 Market Comparables 7026 Sepulveda Blvd. Van Nuys, CA Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, | | warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. 3 7342 Haskell Ave

14955 Saticoy St 15454 Sherman Way

6

1 15425 Sherman Way

4 7 2 5

14960 Sherman Way 15314 Gault St

6 7342 HASKELL AVENUE | Van Nuys, CA 91406 7 14960 SHERMAN WAY | Van Nuys, CA 91405

Year Built Units Year Built Units 1986 21 1971 154

Type Rent SF Type Rent SF

2 Bed + 2 Bath $1,995 1,090 2 Bed + 2 Bath $1,995 1,000

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Market Comparables | 7026 Sepulveda Blvd. | Van Nuys, CA 15 SALES COMPARABLES

1 7326 HASKELL AVENUE | Van Nuys, CA 91406 3 6640 WOODLEY AVENUE | Van Nuys, CA 91406

Building SF $ / SF Building SF $ / SF

Price 7,962 $326.55 Price 27,256 $256.82 $2,600,000 $7,000,000 $ / Unit Cap Rate $ / Unit Cap Rate $236,363 N/A $205,882 4.14% Year Built Units Year Built Units GRM Sale Date GRM Sale Date 1985 11 1978 34 N/A 10/11/2019 13.63 08/21/2019

2 7407 HASKELL AVENUE | Van Nuys, CA 91406 4 14628 DELANO STREET | Van Nuys, CA 91411

Building SF $ / SF Building SF $ / SF Price 6,224 $333.39 Price 4,830 $361.90 $2,075,000 $1,748,000 $ / Unit Cap Rate $ / Unit Cap Rate $259,375 3.54% $249,714 4.28% Year Built Units Year Built Units GRM Sale Date GRM Sale Date 1986 8 1987 7 16.12 10/08/2019 13.99 08/07/2019

5 14141 ERWIN STREET | Van Nuys, CA 91401

Building SF $ / SF Price 7,938 $274.63 $2,180,000 $ / Unit Cap Rate $218,000 N/A Year Built Units GRM Sale Date 1990 10 N/A 06/25/2019

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, 16 Market Comparables | 7026 Sepulveda Blvd. | Van Nuys, CA warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. 7407 Haskell Ave

2

7326 Haskell Ave 1

6640 Woodley Ave

3

14141 Erwin St

14628 Delano St

5

4

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Market Comparables | 7026 Sepulveda Blvd. | Van Nuys, CA 17 SOLD COMPARABLES CHARTS

PRICE PER UNIT PRICE PER SF AVERAGE: $310.66 $300,000 AVERAGE: $233,867 $400.00 $350.00 $250,000 $300.00 $200,000 $250.00 $150,000 $200.00 $150.00 $100,000 $100.00 $50,000 $50.00 $0 $0.00 Subject 1 2 3 4 5 Subject 1 2 3 4 5 Ser ies1 $244,828 $236,363 $259,375 $205,882 $249,714 $218,000 Ser ies1 $351.07 $326.55 $333.39 $256.82 $361.90 $274.63

CAP RATE GRM 4.50% AVERAGE: 3.99% 16.50 AVERAGE: 14.58 4.00% 16.00 3.50% 15.50 3.00% 15.00 2.50% 14.50 2.00% 14.00 1.50% 13.50 1.00% 13.00 0.50% 12.50 0.00% 12.00 Subject 2 3 4 Subject 2 3 4 Ser ies1 4.00% 3.54% 4.14% 4.28% Ser ies1 14.06 16.12 13.63 13.99

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. 18 Market Comparables | 7026 Sepulveda Blvd. | Van Nuys, CA RENT COMPARABLES CHARTS

STUDIO/1-BATH 1-BED/1-BATH

$1,500 $1,750 $1,700 $1,450 $1,650 AVERAGE: $1,647 $1,400 AVERAGE: $1,388 $1,600 $1,550 $1,350 $1,500 $1,300 $1,450 $1,400 $1,250 $1,350 $1,200 $1,300 Subject Property 1 2 Subject Property 3 4 5 Ser ies1 $1,299 $1,450 $1,325 Ser ies1 $1,467 $1,550 $1,686 $1,705

2-BED/2-BATH

$2,020

$2,000 AVERAGE: $1,995

$1,980

$1,960

$1,940

$1,920

$1,900

$1,880 Subject Property 6 7 Ser ies1 $1,928 $1,995 $1,995

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Market Comparables | 7026 Sepulveda Blvd. | Van Nuys, CA 19 SHERMAN WAY

VOSE STREET

SEPULVEDA BOULEVARD 20 Area Overview 20 Area Overview 7026 Sepulveda Blvd. Van Nuys, CA Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the | | information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Area Overview

Filling a large portion of the central San Fernando Valley, Van Nuys is a thriving urban community predominately occupied by renters. The area’s rental houses and apartments tend to be quite affordable by LA standards, with quiet neighborhoods and attractive properties available to fit any budget.

Van Nuys is home to a diverse array of businesses, schools and community recreation centers – perhaps the city’s most recognizable landmark is Van Nuys High School, which has served as a filming location for innumerable movies, television shows, and music videos over the years.

While many residents find work in the local business sector, direct access to the 405 as well as Amtrak and Metrolink rail service make it easy to commute to downtown by car or train in under an hour.

RENTER OCCUPIED HOUSEHOLD GROWTH POPULATION GROWTH more than 73% of units within within a 1 mile radius is expected within a 1 mile radius is expected a 1 mile radius of property to reach 2.85% by 2025 to reach 2.52% by 2025

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Area AreaOverview Overview | 7026 | 7026 Sepulveda Sepulveda Boulevard Blvd. | Van Nuys, CA 2121 AREA DEMOGRAPHICS

Population 1 mile 3 miles 5 miles Income 1 miles 3 miles 5 miles Total Population Est. 2020 47,107 316,364 754,846 Average Household Income $66,656 $83,062 $97,783 Male 50.06% 50.04% 49.55%

Female 49.94% 49.96% 50.45% Median Household Income $48,135 $56,231 $66,240

Race & Ethnicity 1 mile 3 miles 5 miles Housing 1 mile 3 miles 5 miles White 44.97% 43.49% 44.45% Median Housing Value $591,940 $622,843 $659,189 Black 0.97% 0.85% 0.83% American Indian / Alaska Native 0.82% 0.91%% 0.90% Median Year Structure Built 1971 1968 1966 Asian 0.41% 0.34% 0.35% Hawaiian / Pacific Islander 0.04% 0.04% 0.06% Owner Occupied 27.27% 35.60% 43.95% Other 46.63% 49.12% 48.26% Renter Occupied 72.73% 64.40% 56.05% Two or More Races 6.15% 5.24% 5.14%

Top Employers # of Employees AREA EMPLOYMENT 1 Mile 3 Miles 5 Miles Office/Administrative Support 2,978 19,396 48,345 Van Nuys is home to a variety of industries, including Sales/Related 2,670 15,838 38,510 perhaps most Office/Administrative Support and another Management 1,416 11,525 31,858 Sales Related. Office/Administration Support, Construction/Extraction 2,362 13,465 25,266 for example, employs more than 11% of people in the Building/Grounds Cleaning/Maintenance 2,322 13,451 24,432 area. Other notable employers in the area also include Personal Care/Service 1,240 10,158 23,635 those with Management, Construction/Extraction and Food Preparation/Serving Related 1,854 10,234 22,751 Transportation/Material Moving 1,535 10,669 22,465 Personal Care/Service positions. Production 1,704 10,621 21,357 Arts/Design/Entertainment/Sports/Media 857 7,148 20,190

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, 22 Area Overview | 7026 Sepulveda Blvd. | Van Nuys, CA warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Well situated in Van Nuys, the property offers residents an array of transportation options including local bus routes. In addition, the property sits mere minutes from the 170, 405 and 101 Freeways.

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2020. All rights reserved. Area Overview | 7026 Sepulveda Blvd. | Van Nuys, CA 23 REZA GHOBADI JARED PAPAZIAN TONY SAMEYAH DELORES CROSBY Senior Vice President Multifamily Specialist Multifamily Specialist Client Service Coordinator +1 818 325 4142 +1 818 325 4145 +1 818 325 4106 +1 818 325 4140 [email protected] [email protected] [email protected] [email protected] Lic. 01780045 Lic. 02018676 Lic. 02015965

Colliers International 16830 Ventura Boulevard | Suite J Encino, CA 91436 | United States colliers.com/greaterlosangeles

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020. All rights reserved.