San Bernardino Plaza
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SAN BERNARDINO PLAZA $2,400,000.00 OFFERING MEMORANDUM Legendary 764 Inland Center Drive, San Bernardino, California, 92408 COMMERCIAL REAL ESTATE The information contained herein was derived from sources deemed reliable. Though we do not doubt its accuracy, we do not guarantee it. SAN BERNARDINO PLAZA 764 Inland Center Drive, San Bernardino, California, 92408 Legendary Legendary Commercial Real Estate (“Legendary CRE”), The Purchaser is aware that Legendary CRE, is authorized COMMERCIAL REAL ESTATE (Broker), have been appointed by Owner as its exclusive to represent Seller for the purpose of effecting a sale agent in connection with the sale of San Bernardino of the Property, and all negotiations shall be conducted a representative of Seller or Broker on such inspection. Plaza located at 764 Inland Center Drive, San Bernardino, exclusively through Legendary CRE/Armando Aguirre, The Purchaser further agrees that unless and until a Califronia, 92408 (“Property”). Broker has prepared a listing broker. The Purchaser understands that Broker definitive agreement with respect to the purchase of the Confidential Offering Memorandum (the “OM”) and other may be negotiating on behalf of Seller with other Property has been executed by both Seller and Purchaser promotional material which describe the property. prospective Purchasers. and delivered to Seller, neither Broker nor the Seller will be under any legal obligation of any kind whatsoever with The OM, promotional material, and as well as other The Purchaser understands that neither Broker nor respect to such purchase by virtue of this Agreement or information (together the “Evaluation Material”), which the Seller nor any of the Seller ’s representatives or any written or oral expression made by Broker or any of Broker or Owner has furnished or may furnish to the advisors have made or make any representation or the Seller’s directors, officers, employees, agents or any undersigned Prospective Purchaser (the “Purchaser”), warranty, express or implied, as to the validity, accuracy other representatives. is confidential in nature and is intended solely for your or completeness of the Evaluation Material and have limited use and benefit for the purpose of evaluating not independently verified the Evaluation Material. The Broker and the Seller may elect at any time to terminate and determining whether you desire to express further Purchaser understands that some information contained further access by the Purchaser to the Evaluation Material, interest in a potential acquisition of the Property. Should in the Evaluation Material consists of summaries or or Purchaser may elect to cease all actions in connection the undersigned Purchaser wish to obtain a copy of compilations. The Purchaser understands that nothing with Purchaser’s evaluation of the possible purchase of the Evaluation Material, please sign this Prospective in the Evaluation Material shall be deemed to constitute the Property. Under either circumstance the Purchaser Purchaser Confidentiality Agreement where indicated a representation or warranty or promise, express or agrees that the Purchaser will automatically, promptly below, acknowledging agreement of Prospective implied, as to the future performance of the Property. return to Broker the Evaluation Material, whether such Purchaser to the terms and conditions below. Upon Purchaser understands that neither Broker nor the Seller materials are in written printed, scanned, emailed, or acceptance of the agreement Legendary CRE’s Broker nor any of the Seller ’s representatives or advisors faxed form, digital form, computer diskettes, CD, USB, or will furnish the Evaluation Material to the Prospective represent that the information provided to the Purchaser other form, and will not retain any copies, notes, or other Purchaser. is all the information that the Purchaser should review reproductions of the Evaluation Materials in whole or in in connection with the Property, and that neither Broker part. Purchaser hereby agrees that the Evaluation Material will nor the Seller is under any obligation to correct any be used solely for the purpose of evaluating a possible inaccuracies or omissions. The Evaluation Material This Agreement shall be governed and construed in purchase of the Property, that said Evaluation Material may be modified, supplemented, amended, suspended, accordance with the laws of the State of California. shall be kept strictly confidential by the Purchaser and or withdrawn at any time by Seller in its sole and By execution of the Agreement below, the Purchaser the Purchaser’s representatives and advisors (“Permitted absolute discretion. It is understood that the Purchaser agrees to be bound by the terms and conditions set forth Parties”) and, except as may be required by law, the is expected to perform such due diligence, investigations herein. Upon acceptance by the Seller and/or Broker, this Purchaser will not disclose or cause to be disclosed to and inspections of the Property as the Purchaser deems fully executed Agreement will constitute our complete any person, firm or entity whatsoever the Evaluation necessary or desirable and as permitted by agreement understanding with respect to the subject matter of this Material; provided, however, that any of such information with Broker and the Seller . Agreement, and the Evaluation Material will be provided may be disclosed to the Purchaser’s directors, officers, to Purchaser. employees, affiliates and representatives who need to The Purchaser agrees that neither the Purchaser nor ARMANDO ARMANDO know such information for the purpose of evaluating any the Permitted Parties will inspect the Property or Legendary Commercial Real Estate such possible purchase and who have agreed to be bound communicate with the tenants or their employees, leasing 1725 Camino Palmero St. #430 by the terms of this letter agreement. The Purchaser will agents or Property staff without the prior permission of Los Angeles, CA 90046 be responsible for any unauthorized disclosure by them the Seller or Broker and that the Purchaser and/or the PH. 213.926.5595 Legendary COMMERCIAL REAL ESTATE of any of the contents of the Evaluation Material. Permitted Parties may be required to be accompanied by BRE No. 01245842 www.legendarycre.com Legendary Commercial | 1725 Camino Palmero Ste. 430, Los Angeles, CA 90046 | www.legendarycre.com BRE No. 01245842 PH. 213.926.5595 2 The information contained herein was derived from sources deemed reliable. Though we do not doubt its accuracy, we do not guarantee it. SAN BERNARDINO PLAZA 764 Inland Center Drive, San Bernardino, California, 92408 Legendary COMMERCIAL REAL ESTATE TABLE OF CONTENTS • THE OPPORTUNITY Page PROPERTY SUMMARY & INVESTMENT HIGHLIGHTS....................................................4 LOCATION OVERVIEW......................................................................................................5 • THE PROPERTY San Bernardino Plaza PROJECT PHOTOS & AERIALS....................................................................................6-8 CENTER'S SITE PLANS & CLOSE UP AERIAL.................................................................9 TRADE AREA AERIAL.....................................................................................................10 PARCEL MAP....................................................................................................................11 LOCATION & FREEWAY MAPS........................................................................................12 • THE MARKET DEMOGRAPHICS SNAP SHOT........................................................................................13 DEMOGRAPHICS AND RETAIL SALES VOLUME.......................................................14-15 • FINANCIAL ANALYSIS San Bernardino Plaza PROJECT INCOME & EXPENSE......................................................................................16 RENT ROLL......................................................................................................................17 LEASE COMPS................................................................................................................18 SALES COMPS...........................................................................................................19-20 ARMANDO AGUIRRE SHERETTA MORRIS Founder | Corporate Broker Leasing Specialist License No. 01245842 License No. 01739452 213.926.5595 Legendary 213.842.2670 [email protected] COMMERCIAL REAL ESTATE [email protected] San Bernardino Plaza Legendary Commercial | 1725 Camino Palmero Ste. 430, Los Angeles, CA 90046 | www.legendarycre.com BRE No. 01245842 PH. 213.926.5595 3 The information contained herein was derived from sources deemed reliable. Though we do not doubt its accuracy, we do not guarantee it. SAN BERNARDINO PLAZA 764 Inland Center Drive, San Bernardino, California, 92408 Legendary COMMERCIAL REAL ESTATE PROPERY SUMMARY INVESTMENT HIGHLIGHTS Property Address: San Bernardino Plaza 764 Inland Center Drive • Investment, Owner User or NNN Sale-Leaseback Opportunity with a Shiekh Shoes San Bernardino, California, 92408 Outlet Store - 10% Rental increases every 5 years throughout the Initial Term and Options - Shiekh Shoes is a major retailer in the Shoe and Apparel Industries with Shiekh Shoes Outlet Tenant: more than 146+ locations across California, Nevada, Arizona, Texas, New Mexico, Property Type: Retail Strip Center Oregon, Illinois, Michigan, Washington and more. Gross Leasable Area: ±16,752 Gross Square Feet •