RARE FREE-STANDING INDUSTRIAL BUILDING FOR SALE

DUAL LICENSES IN BOTH CULTIVATION AND PRODUCTION

FULLY FENCED/SECURED WITH YARD Contents

2 Executive Summary

5 Aerials & Plans

11 Market Overview

LOGIC Commercial Real Estate AMY OGDEN, SIOR 3900 W. Hualapai Way, Ste. 200 Vice President Las Vegas, NV 89147 702.234.9860 702.888.3500 [email protected] www.logicCRE.com S.0069966 01 Executive Summary Property Overview Property Details Property Overview Offering Snapshot LOGIC Commercial Real Estate is pleased to offer the rare opportunity to acquire a free-standing fully-fenced and secured industrial building for sale. The property sits on 1.64 AC, the entirety of which is fully fenced and paved with upgraded security. 1955 Palm Street is located in the heart of Las Vegas just west of Fremont Street. The facility is well $5.5MM suited for either an owner-user or already has been approved and utilized as a marijuana cultivation and production Offering Price facility. The project is equipped with state of the art security systems and rolling entry gates. Both cultivation and production licenses are available for sale in conjunction with the sale of the building, for a price to be discussed. $150 This area offers any operator the opportunity to quickly access the I-95 freeway via Sahara Avenue and offers fast Price Per Square Foot access to an array of amenities. +/- 36,538 Square Footage

The information herein was obtained from sources deemed reliable; however Logic Commercial Real 2 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. EXECUTIVE SUMMARY

(20) Grade Level Doors 16’ Clear Height 120/208V, Single-Phase Fully Sprinklered

19 15 Property Details 14 CENTENNIAL NORTH LAS VEGAS Location Grade Level Door(s)

25b 1955 Palm St. 20 (twenty) 12’x14’ grade level SUNRISE Las Vegas, NV 89104 doors/ potential to add dock well

HISTORIC 11 WESTSIDE

SUMMERLIN

DOWNTOWN 12 Parcel Number Parking 21 7 4 PECCOLE RANCH25a / 9 5 16 THE LAKES 1 162-01-703-027 37 parking stalls 2 24 22 8 10 WHITNEY

SPRING VALLEY PARADISE

3 23

6 Property Size Construction & Zoning 18 +/- 36,538 SF • Built in 1987 SOUTHWEST +/- 1.64 AC • Zoned light manufacturing (M-1) 25c concrete-tilt-up GREEN VALLEY / HENDERSON / ANTHEM 13

17

20 The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. 3 EXECUTIVE SUMMARY

Investment Highlights

Dual Licenses in both Fully Licensed for +/- 36,538 SF Free- Large Private Cultivation and Production Marijuana Cultivation Standing Building on 1.64 AC Paved Fenced Yard Both are available for sale-please ask for details

120/208 V Single Phase 16ft Fully Approximately +/- 2,700 SF Power -Capability to Upgrade Clear Height Fire Sprinklered Built Out Office Space to 3 Phase

TheThe information information herein herein was was obtained obtained from from sources sources deemed deemed reliable; reliable; however however Logic Logic Commercial Commercial Real Real 4 EstateEstate makes makes no no guarantees, guarantees, warranties warranties or or representation representation as as to to the the completeness completeness or or accuracy accuracy thereof. thereof. 05 Aerials & Plans Demographics Vicinity Map Aerials Site Plan 1.22% 0.74% 77,134 37,719 5-mile 5-mile 5-mile 5-mile 171,245 35,096 82,046 110,750 181,594 477,310 192,795 571,366 172,920 230,514 $18,699 216,690 537,626 104,460 $59,427 $20,225 $54,846 498,588 1.17% 16,173 51,961 0.77% 54,771 36,721 91,492 84,612 15,036 34,575 3-mile 3-mile 3-mile 3-mile 86,536 80,999 101,572 $18,619 $17,442 107,665 251,939 $50,371 232,872 267,002 230,970 $53,949 1,785 1.18% 4,841 1,665 9,810 4,752 9,970 4,492 8,887 9,333 5,058 11,595 21,961 0.75% 24,104 25,140 1-mile 1-mile 1-mile 1-mile 10,998 23,707 $17,704 $16,436 $41,806 $45,436 Full Demographic Report Demographic Full 2010 Census Population 2010 Population 2020 Population 2025 2020 - 2010 Annual Growth Annual Growth 2020 - 2025 2020 Annual Growth Income Household Income Average 2020 2025 Vacant Housing Units Vacant 2025 2025 Per Capita Income Per 2025 Population 2000 Population Capita Income Per 2020 2025 Average Household Income Average 2025 Households 2000 Total Households 2000 Total 2020 Total Households Total 2020 Housing Units Total 2025 Owner Occupied Housing Units 2025 Units Occupied Housing Renter 2025 2010 Total Households Total 2010 2020 Renter Occupied Housing Units Occupied Housing Renter 2020 2020 Total Housing Units Total 2020 Housing Owner Occupied Housing Units 2020 Units Housing Vacant 2020 2025 Total Households Total 2025 Furniture $372.80 103,236 Employees Total $173,330 Median Home Value 25,354 Daytime Population $1,785.76 Entertainment Apparel $1,284.80 3-Mile Radius $521.78 Transportation Spending facts are average annual dollars per household average are Spending facts Key Facts: 3-Mile Radius 3-Mile Facts: Key Travel # of Businesses # of 0.8% Growth Population 2010-2019 241,626 Population Total 7,905 Key Spending Facts: 3-Mile Radius Facts: Spending Key $1,272.84 $0

$500 $1,500 $1,000 $2,000

The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate 6 MAPS, AERIALS, & PLANS 6

EQUESTRIAN LAKE MEAD PKWY MEAD LAKE

MAPS, AERIALS, & PLANS BOULDER HWY 7

BURKHOLDER WARM SPRINGS WARM

BOULDER CITY

HORIZON

UTAH

LAKE MEAD PKWY MEAD LAKE

LAS VEGAS BLVD VEGAS LAS

GIBSON

OWENS

STEWART BONANZA Henderson

CHARLESTON WASHINGTON

SAHARA BOULDER HWY WARM SPRINGS WARM

HORIZON RIDGE PKWY STEPHANIE

North VEGAS VALLEY ARROYO GRANDE ARROYO DESERT INN Las Vegas

LAKE MEAD

NELLIS NELLIS

FLAMINGO NELLIS

VALLE VERDE VALLE

MOUNTAIN VISTA MOUNTAIN

CRAIG PKWY VALLEY GREEN

CAREY CHEYENNE LAMB LAMB LAMB Anthem 2

TROPICAL SANDHILL CENTENNIAL

ALEXANDER

PECOS PECOS

PECOS

PECOS EASTERN PECOS

1

BOULDER HWY McCLEOD

LOSEE EASTERN

LOSEE

LAS VEGAS BLVD VEGAS LAS SUNSET PATRICK TROPICANA

RUSSELL

FLAMINGO HARMON EASTERN EASTERN EASTERN LONE MOUNTAIN CENTER CIVIC

FREMONT Las Vegas DEER SPRINGS Downtown

ANN

3 ROBINDALE

5TH DESERT INN

SAHARA VEGAS VALLEY

MARYLAND MARYLAND LOSEE MARYLAND

PARADISE

COMMERCE

COMMERCE 4 7 5

PEBBLE

REVERE WINDMILL

SILVERADO RANCHSILVERADO

CACTUS BERMUDA PARADISE BERMUDA LAS VEGAS BLVD VEGAS LAS

CAREY

LAKE MEAD VEGAS DR VEGAS 8

MARTIN L KING L MARTIN Real Commercial Logic however deemed reliable; sources from obtained was herein The information ST ROSE PKWY ROSE ST Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate

6

VOLUNTEER

CLAYTON

LAS VEGAS BLVD VEGAS LAS THE STRIP THE LAS VEGAS BLVD VEGAS LAS

9

DEER SPRINGS SIMMONS

Aliante ALTA CALIFORNIA

10 ALLEN SAHARA CHARLESTON DESERT INN SUNSET

WARM SPRINGS WARM

BLUE DIAMOND BLUE CACTUS

ANN

CRAIG CHEYENNE

DECATUR DECATUR TROPICANA HACIENDA

HARMON TWAIN SPRING MOUNTAIN DECATUR RUSSELL DECATUR DECATUR DECATUR LONE MOUNTAIN

ALEXANDER

JONES

JONES JONES JONES JONES Southern Highlands

TROPICAL

LAKE MEAD

SMOKE RANCH

RAINBOW RAINBOW RAINBOW

ELKHORN GRAND TETON FARM

BUFFALO BUFFALO BUFFALO Hills

WINDMILL HACIENDA Centennial ROBINDALE

DURANGO

DURANGO

VEGAS DR VEGAS RAMPART

FLAMINGO SAHARA

WARM SPRINGS WARM FORT APACHE FORT FORT APACHE FORT

LONE MOUNTAIN ALEXANDER CHEYENNE ALTA CRAIG GRAND CANYON GRAND Mountain’s Edge Mountain’s

RENO ANN CHARLESTON

PEACE WAY PEACE

TWAIN ELKHORN SPRING MOUNTAIN TROPICANA

DEER SPRINGS RUSSELL CENTENNIAL FARM

HUALAPAI SUNSET TROPICAL HUALAPAI

DESERT INN

TOWN CENTER TOWN

D

A

E GRAND TETON GRAND

M

E

K HILLS FAR A L

BLUE DIAMOND DOWNTOWN SUMMERLIN South

Summerlin

PAHRUMP CHARLESTON Summerlin Airports Hospitals Major Parks T-Mobile Arena T-Mobile - 4.8 miles Raiders Stadium miles - 5.1 The Las Vegas Strip The Las Vegas miles - 3.1 – Las Vegas Nevada of University - 3.3 miles Airport International McCarran - 4.5 miles Sunrise Hospital and Medical Center miles - 1.6 Club Country Las Vegas miles - 1.9 Las Vegas Downtown miles - 2.0 Desert Club Pines Golf - 1.2 miles and Casino Hotel Boulder Station - 1.3 miles Major Landmarks 1 7 2 3 5 6 4 8 9 10 Amenities within 5-miles of Radius 5-miles of Amenities within This area offers any operator the opportunity to quickly quickly to opportunity the operator any offers area This access the I-95 via Sahara freeway Avenue and fast offers access amenities. an of array to Vicinity Map Vicinity Casinos COMMUNITY STALLION MOUNTAIN STALLION SHOPPING MALL NELLIS CROSSING Schools COMMUNITY WINTERWOOD HAL SMITH ELEMENTARY SCHOOL ELEMENTARY S. Nellis Blvd. // 40,000 CPD Hospitals COMMONS CHARLESTON SHOPPING CENTER

Freemont St. // 39,000 CPD

E. Sahara Ave. // 30,500 CPD // E. Sahara Ave.

S. Lamb Blvd. // 31,000 CPD SHANGO DISPENSARY Golf Courses WALTER V LONG WALTER ELEMENTARY SCHOOL ELEMENTARY

I-95 Freeway // 157,000 CPD CHAPARRAL CHAPARRAL HIGH SCHOOL WILL BECKLEY Planned CommunitiesPlanned ELEMENTARY SCHOOL ELEMENTARY ROY W ROY MARTIN MIDDLE SCHOOL SUBJECT

E. Bonanza Rd. // 27,100 CPD 27,100 E. Bonanza Rd. //

E. Flamingo Rd. // 56,000 CPD 56,000 // Rd. E.Flamingo E. Desert Inn Rd. // 40,000 CPD 40,000 // Rd. Inn E.Desert

Retail E. Charleston Blvd. // 30,500 CPD 30,500 // Blvd. E.Charleston

S. Eastern Ave. // 34,500 CPD VALLEY VALLEY SUNRISE HOSPITAL HIGH SCHOOL PISOS DISPENSARY Maryland Pkwy. // 28,600 CPD BLUM DISPENSARY MIDDLE SCHOOL JOHN C FREMONT COUNTRY CLUB COUNTRY THE LAS VEGAS LAS VEGAS LAS DOWNTOWN ESSENCE CURALEAF DISPENSARY DISPENSARY RELEAF DISPENSARY OASIS DISPENSARY ACRES

DISPENSARY

E. Las Vegas Blvd. // 35,000 CPD 35,000 // Blvd. Vegas Las E. I-15 Freeway // 143,000 CPD 143,000 // Freeway I-15 THE STRIP LAS VEGAS LAS

PLANET 13 REEF DISPENSARY

UNIVERSITY

DISPENSARY MEDICAL CENTER VALLEY HOSPITAL VALLEY MEDICAL CENTER

The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate Large Aerial Large

MAPS, AERIALS, & PLANS 8 MAPS, AERIALS, & PLANS 9 Under Construction Under

E. St. Louis Ave. // 12,400 CPD Retail Downtown Las Vegas Downtown The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate ZONED (C-2) ZONED UNDER CONSTRUCTION

Palm St.

Fremont St. // 39,000 CPD CPD 39,000 // St. Fremont The Las Vegas Strip The Las Vegas Close Up Aerial NAP Grade Door Grade NAP Subject NAP NAP NAP NAP NAP

Palm St.

The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate Site Plan Site

MAPS, AERIALS, & PLANS 10 11 Market Overview EQUESTRIAN

30 LAKE MEAD PKWY MEAD LAKE

BOULDER HWY

BURKHOLDER WARM SPRINGS WARM 25

BOULDER CITY

HORIZON 35

UTAH

LAKE MEAD PKWY MEAD LAKE 8

LAS VEGAS BLVD VEGAS LAS

GIBSON

OWENS

STEWART BONANZA 5 Henderson

CHARLESTON WASHINGTON 38

SAHARA BOULDER HWY WARM SPRINGS WARM

HORIZON RIDGE PKWY STEPHANIE

North VEGAS VALLEY ARROYO GRANDE ARROYO DESERT INN Las Vegas

LAKE MEAD

NELLIS NELLIS

FLAMINGO NELLIS

VALLE VERDE VALLE

MOUNTAIN VISTA MOUNTAIN

CRAIG PKWY VALLEY GREEN

CAREY CHEYENNE LAMB LAMB LAMB Anthem

TROPICAL SANDHILL CENTENNIAL

ALEXANDER

PECOS PECOS

PECOS

PECOS

EASTERN 28 PECOS

BOULDER HWY McCLEOD

LOSEE EASTERN

LOSEE

LAS VEGAS BLVD VEGAS LAS SUNSET PATRICK TROPICANA

RUSSELL

FLAMINGO HARMON EASTERN EASTERN EASTERN LONE MOUNTAIN CENTER CIVIC

FREMONT 26 6 Las Vegas DEER SPRINGS Downtown

ANN

ROBINDALE

5TH DESERT INN

SAHARA VEGAS VALLEY

MARYLAND MARYLAND

LOSEE MARYLAND

PARADISE 12 COMMERCE 14 COMMERCE 37 PEBBLE 32

24 33

34

REVERE WINDMILL

SILVERADO RANCHSILVERADO

23

CACTUS BERMUDA PARADISE BERMUDA LAS VEGAS BLVD VEGAS LAS 16 20

4 CAREY

LAKE MEAD

VEGAS DR VEGAS 36 MARTIN L KING L MARTIN 3

7

10 19 ST ROSE PKWY ROSE ST 17

1

VOLUNTEER

CLAYTON

LAS VEGAS BLVD VEGAS LAS LAS VEGAS BLVD VEGAS LAS THE STRIP THE 11 13

DEER SPRINGS SIMMONS

Aliante ALTA 15

2 CALIFORNIA 29 39 ALLEN SAHARA CHARLESTON 21 DESERT INN SUNSET

WARM SPRINGS WARM

BLUE DIAMOND BLUE CACTUS

ANN

CRAIG CHEYENNE

DECATUR DECATUR TROPICANA HACIENDA

HARMON TWAIN SPRING MOUNTAIN DECATUR RUSSELL DECATUR DECATUR DECATUR LONE MOUNTAIN

ALEXANDER

JONES

JONES JONES JONES JONES Southern Highlands

TROPICAL

LAKE MEAD

SMOKE RANCH

RAINBOW RAINBOW RAINBOW

ELKHORN GRAND TETON FARM

BUFFALO BUFFALO BUFFALO Hills 18

WINDMILL HACIENDA 9 Centennial ROBINDALE

DURANGO DURANGO

27

VEGAS DR VEGAS 22 RAMPART

40 FLAMINGO SAHARA

WARM SPRINGS WARM FORT APACHE FORT FORT APACHE FORT Airports

Hospitals LONE MOUNTAIN ALEXANDER CHEYENNE ALTA CRAIG GRAND CANYON GRAND Mountain’s Edge Mountain’s

RENO ANN CHARLESTON

PEACE WAY PEACE

TWAIN ELKHORN SPRING MOUNTAIN TROPICANA

DEER SPRINGS RUSSELL CENTENNIAL FARM

HUALAPAI SUNSET TROPICAL HUALAPAI

DESERT INN

TOWN CENTER TOWN

D

A

E GRAND TETON GRAND

M

E

K HILLS FAR A L

BLUE DIAMOND South Summerlin

Major Parks

Freeway Projects Freeway PAHRUMP

31 CHARLESTON Summerlin COST $4.3B $1.97B $1.66B $1.4B $1.2B $950MM $850MM $600MM $400MM $250MM $200MM $200MM $155MM $110.5MM $100MM $100MM $375MM $350MM $327MM $300MM $100MM $98MM $95MM $90MM $77MM $75MM $70MM $70MM $65MM $61.9MM $58.6MM $56MM $55MM $52.5MM $50MM $47.7MM $45MM $42MM $40MM $29.6MM Estimated Construction Value Construction Estimated

Allegiant Stadium (Raiders) Stadium Allegiant PROJECT NAME PROJECT Las Vegas Resorts World MSG Sphere at the Venetian at MSG Sphere Rock) Hard (former Las Vegas Hotels Virgin Interchange / CC 215 Northern Beltway I-15 Bay Manadalay to Extension Monorail Las Vegas UNLV Medical School Building UNLV Las Vegas Convention Center Expansion Center Convention Las Vegas Henderson West Center Google Data UnCommons Reconstruction Interchange and Tropicana I-15 Majestic Las Vegas Majestic Union Village Art, Museum Las Vegas of Nevada the Hughes Center at Elysian Caesars FORUM Conference Center Conference Caesars FORUM and Casino Hotel Astral Marriott Delta by Dream Hotel Dream Haas Automation Manufacturing Plant Manufacturing Haas Automation Centennial Hills Hospital Expansion Centennial AC Hotel by Marriott Marriott by Hotel AC Las Vegas Center Market World Expo at Intermountain Healthcare Performance Center Performance Healthcare Intermountain CSN Health & Sciences Building The Bend & Lamb Pecos, Losee, at CC 215 Interchanges New Luxury Apartments at Twain and Dean Martin Twain at Apartments Luxury Municipal Courthouse Las Vegas New Nevada State College Education Building College Education State Nevada Blue Diamond Widening Hampton Inn & Suites / Home2 Suites Inn & Suites Hampton Las Vegas Boulevard Repaving Boulevard Las Vegas Las Vegas Convention Center Loop Center Convention Las Vegas Tower & Casino Third Hotel Grand Downtown Park Industrial Apex Pipeline to Water Casino & Spa Renovation Hotel South Point Downtown Henderson Downtown Widening CC 215 Beltway

1 7 2 3 5 # 4 6 8 9 11 17 12 21 13 31 15 16 14 18 19 10 27 37 22 23 32 25 24 33 26 28 35 29 36 34 38 39 20 30

40 $23.4 Billion $23.4

Development Pipeline Pipeline Development Las Vegas 2020-2024 Vegas Las The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate

MARKET OVERVIEW 12 MARKET OVERVIEW 13 % % % % % % 85.5 Las Vegas’ 2019 occupancy midweek 83.0 Las Vegas’ 2019 occupancy Downtown 66.2 average national U.S. 2019 occupancy hotel Occupancy Breakdown Occupancy 94.5 Vegas’ Las 2019 occupancy weekend 89.5 Vegas’ Las 2019 Strip occupancy 88.2 Vegas’ Las 2019 occupancy city-wide The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate MM B MM B MM MM 6.5 number convention 2019 visit delegates $6.6 Strip’s Vegas Las 2019 gaming revenue $857 Boulder Strip’s 2019 gaming revenue $650 Downtown’s 2019 gaming revenue $527 visitor’s average 2019 per trip gambling budget 42 number visitors 2019 Las Vegas come to Revenue Breakdown Revenue $10.2 County’s Clark 2019 gaming revenue Las Vegas Convention and Visitors Authority, Research Center Research and Visitors Authority, Convention Vegas Las Source: Source: MM MM % % % % % 16 of percentage 2019 visitors attending convention 49.7 enplaned/ of number 2019 deplaned airline passengers 69 visitors of percentage 2019 Millennials and Gen Xers are 60 visitors of percentage 2019 plane by traveling are 20 international of percentage 2019 Las Vegas to travelers 19 visitors of percentage 2019 Southern California from are Travel Breakdown Travel 2.3 Southern 2019 population Nevada www.clarkcountynv.gov / Wikipedia www.clarkcountynv.gov

Source: Source:

drenched Colorado River. Colorado drenched destinations of Mesquite,destinations of Primm and Laughlin, on located sun- the and roadside sightseers. Meanwhile, gambling is offered in the the in offered is gambling Meanwhile, sightseers. roadside and to boaters, swimmers, fishermen, hikers, wildlife photographers photographers wildlife fishermen, hikers, swimmers, boaters, to Recreation Area, 30 located miles Las southeast of Vegas, caters on the western fringe of the Las Vegas Valley. Lake Mead Lake National Las the Valley. fringe of Vegas on western the minutes away, and Red Rock National Conservationaway, minutes beckons area County is no Mt. different. Charleston and skiing just are 45 Nevada hasNevada no shortage compelling of landscapes, and Clark and the state’s largest public hospital, University Medical Center. Medical Center. University hospital, public largest state’s the and the nation’s 9th-busiest airport, air quality compliance, social services social compliance, quality airport, air 9th-busiest nation’s the citizens and more thancitizens 45.6 Included million (2019). a year visitors are and provides extensive regionaland provides services extensive more than 2.3 to million area the size of New Jersey. Clark is the nation’s 14th-largest county Clark is nation’s the New Jersey. of size the area jurisdiction world-famous the and Las over Strip an covering Vegas Clark County is largest the county population in by Nevada with Clark County, Nevada County, Clark

By the Numbers By

Nevada Southern #11 #47 #47 #39 #36 #43 #50 RI NJ CT DE DC MA MD ME #33 48th #6 NY #49 California NC #15 NH VA #25 PA #29 FL #4 SC #30 #44 WV #23 VT GA #32 21st OH #38 Idaho KY #24 MI AL #12 #40 TN #18 10 Best Business Tax Climates 10 Best Business Tax Climates Business Tax 10 Worst IN #10 MS #31 IL #35 WI 20th #26 Arizona LA #41 AR #46 MO #14 IA #42 MN #45 OK #27 9th Utah KS www.taxfoundation.org #34 TX #13 #2 NE SD ND #16 #28 Source: Source: CO #17 Tax Climate Index Ranking By State Ranking Index Tax Climate 8th NM #22 2020 State Business Tax Climate Index Climate Business Tax 2020 State Oregon #1 WY HI #37 #5 MT #9 UT AZ #20 ID 7th #21 Nevada #7 NV #3 AK WA #19 1st #8 OR 50th 10th 20th 30th 40th CA #48 Tax Estate Personal Income Tax Tax Tax Unitary Franchise

or Gift Tax Corporate Shares Tax Inheritance What Businesses Are NOT Paying For Paying NOT Businesses Are What

Corporate on Income

Income Tax

Franchise Tax

In comparison, the Tax Foundation’s Tax Climate Index rankings Climate Tax In comparison, Foundation’s Tax the 48th, ranks California significant: are states neighboring our for 20th,Arizona Idaho 21st, Oregon 8th, and Utah 9th. Nevada ranks as the 7th best state in the Tax Foundation’s Foundation’s in Tax the best state as ranks Nevada 7th the Index, Climate Business an independent2020 State Tax of taxation: in five areas taxes; ranking states corporate of income taxes,individual sales taxes, unemployment residential including property, on taxes and taxes, insurance property. commercial and Nevada isNevada one most the business-friendly in West, the state companies qualifying help to incentives of variety a offering decision the make do business to Money Both and in state. the MagazinesForbes named one most the have of Silver the State country. the in business-friendly Tax Advantages Tax Nevada The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate 14 MARKET OVERVIEW 14 MARKET OVERVIEW A Look at Southern Nevada

Pictured: Red Rock Canyon Pictured: Welcome to Las Vegas sign Pictured: Nellis Air Force Base Pictured: COH Justice Facility on Main Street

Clark County City of Las Vegas City of North Las Vegas City of Henderson With jurisdiction over the world-famous Las Las Vegas, officially the City of Las Vegas The City of North Las Vegas experienced a Henderson, officially the City of Henderson, Vegas Strip and covering an area the size of and often known simply as Vegas, is the population explosion over the past 17 years, is a city in Clark County, Nevada, United New Jersey, Clark is the nation’s 14th-largest 28th-most populated city in the United in large part due to low unemployment, a States, about 16 miles southeast of Las county and provides extensive regional States, the most populated city in the state of booming economy, the connection of the Vegas. services to more than 2.3 million citizens and Nevada, and the county seat of Clark County. freeway loop and record home building. It is the second-largest city in Nevada, after more than 45.3 million visitors a year. The city anchors the Las Vegas Valley The city of North Las Vegas is home to Las Vegas, with an estimated population of Included are the nation’s 8th-busiest airport, metropolitan area and is the largest city approximately 250,000 people, and features 290,000 residents in 2016. air quality compliance, social services and within the greater Mojave Desert. one of the most important Air Force bases in In 2011, Forbes magazine ranked Henderson the state’s largest public hospital, University the country. Las Vegas is an internationally renowned as America’s second-safest city. It has also Medical Center. major resort city, known primarily for Nellis Air Force Base is called the “Home of been named as “One of the Best Cities to Nevada has no shortage of compelling its gambling, shopping, fine dining, the Fighter Pilot”, and houses the U.S. Air Live in America” by Bloomberg Business landscapes, and Clark County is no different. entertainment, and nightlife. Force Warfare Center, the largest and most Week. Mt. Charleston and skiing are just 45 minutes demanding advanced air combat training The Las Vegas Valley as a whole serves In 2014, Henderson was again ranked as away, and Red Rock National Conservation center in the world. as the leading financial, commercial, and one of the Top 10 “Safest Cities in the United area beckons on the western fringe of the cultural center for Nevada. States” by the FBI Uniform Crime Report. Las Vegas Valley.

The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. 15 MARKET OVERVIEW A Look at Southern Nevada

Pictured: Las Vegas Strip Pictured: Fremont Street, Downtown Pictured: Summerlin Library Pictured: Rhodes Ranch Golf Course

The Las Vegas Strip Downtown Las Vegas Summerlin Southwest Las Vegas The Las Vegas Strip is a stretch of South Downtown Las Vegas (DTLV) is the central Summerlin is an affluent master-planned Encompassing master-planned Las Vegas Blvd. in Clark County, NV that is business district and historic center of Las community in the Las Vegas Valley of developments like Rhodes Ranch and known for its concentration of resort hotels Vegas, NV. Southern Nevada. Mountain’s Edge, Southwest is a unique and casinos. corner of the Valley known for its bedroom It is the original town-site and was the It lies at the edge of the Spring Mountains communities and rural charm. The Strip is approximately 4.2 miles in length, gambling district of Las Vegas prior to and Red Rock Canyon to the west; it is partly located immediately south of the Las Vegas the Strip, and the area still incorporates within the official city limits of Las Vegas and Southwest is part of a larger unincorporated city limits in the unincorporated towns of downtown gaming. partly within unincorporated Clark County. stretch of Las Vegas that’s tried to maintain Paradise and Winchester. its rural character. It features a variety of hotel and business This rapidly growing community occupies Many of the largest hotel, casino, and resort high-rises, cultural centers, historical over 22,500 acres according to its Today, its dual proximity to freeways and properties in the world are located on the buildings and government institutions, as developers. distance from The Strip makes it an ideal Strip. well as residential and retail developments. area for many Las Vegans as well as Summerlin encompasses more than 230 prospective homebuyers. Most of the Strip has also been designated Fremont Street is home to most of parks, more than two dozen public and private as an All-American Road and is considered a downtown’s hotels and casinos. schools, 14 houses of worship, 9 golf courses, scenic route at night. 3 resort hotels, recreational facilities, retail and entertainment centers, well-established office parks, and a medical center.

The information herein was obtained from sources deemed reliable; however Logic Commercial Real 16 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MARKET OVERVIEW A Look at Southern Nevada

Pictured: Rhodes Ranch Golf Course Pictured: Statue along Hoover Dam Pictured: Valley of Fire, Mesquite Pictured: Laughlin Casinos along Colorado River Pictured: Welcome to Pahrump Sign

Boulder City Mesquite Laughlin Pahrump Boulder City is a U.S. city in Clark County, Mesquite is a U.S. city in Clark County, Laughlin is an unincorporated town and Pahrump is an unincorporated town in Nye Nevada. It is approximately 26 miles Nevada, adjacent to the Arizona state line census-designated place in Clark County, County, Nevada, United States, about 62 southeast of Las Vegas. and 80 miles northeast of Las Vegas on Nevada, United States. miles west of Las Vegas, Nevada. Interstate 15. As of the 2010 census, the population of It is located on the Colorado River, directly Pahrump lies near the Nevada-California Boulder City was 15,023. As of the 2010 census, the city had a across from the much larger Bullhead City, border and the area had a 2010 population population of 15,276. Arizona. of 36,441. Boulder City is one of only two places in Nevada that prohibits gambling, the other The city is located in the Virgin River valley Laughlin lies 90 miles south of Las Vegas, in Pahrump was originally inhabited by the being the town of Panaca. adjacent to the Virgin Mountains in the the far southern tip of Nevada, and is known Southern Paiute. It was slowly inhabited by northeastern part of the Mojave Desert. for its gaming and water recreation. settlers in the late 19th century. Its sole reason for existence was the need to house workers contracted to build the It is home to a growing retirement As of the 2010 census, the population was They reportedly chose the name for Hoover Dam on the Colorado River. community, as well as several casino resorts 7,323. Pahrump after the original Southern Paiute and golf courses. name Pah-Rimpi, or “Water Rock,” so named The nearby communities of Bullhead City, because of the abundant artesian wells in Arizona; Needles, California; Fort Mohave, the valley. Arizona; and Mohave Valley, Arizona, bring the area’s total population to about 100,000.

The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. 17

an expansion team for the United Soccer League. the United for team an expansion is Lights FC Las Vegas Athletics. with the Oakland Vegas Aviators of Minor League Baseball affiliated Baseball League Minor affiliated of Aviators Vegas also home to one minor league sports team: the Lasalso one minor league sports team: home to region’s third major professional team. Las Vegas is Las Vegas team. major professional third region’s by 2020 and become the and 2020 Raiders by as the Las Vegas Oakland Raiders of the NFL will begin play in Las Vegas in Las Vegas play the NFL will begin Raiders of Oakland the region’s second professional team in 2018. The in 2018. team second professional the region’s became the WNBA of Aces Las The team. Vegas pro who began play in 2017 as the region’s first major first as the region’s in 2017 NHL who began play Vegas Golden Knights of the of Golden Knights the Vegas teams: professional itself. The Las Vegas Valley has three major league has three Valley The Las Vegas itself. communities around Las Vegas rather than in the city rather Las Vegas communities around sports, most of which take place in the unincorporated place in the unincorporated which take of sports, most The Las Vegas metropolitan area is home to many many is home to area metropolitan The Las Vegas

Sports Town

New A The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate

MARKET OVERVIEW 18 AMY OGDEN, SIOR Vice President 702.234.9860 [email protected] S.0069966

The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof.