Chollita Complex – Joshua Tree

JOSHUA TREE NATIONAL PARK

DOWNTOWN JOSHUA TREE HIGHWAY 62/ 29 PALMS HIGHWAY

PARK BLVD

EL REPOSO ST CENTER ST

CHOLLITA RD

OFFERING MEMORANDUM CHOLLITA COMPLEX – JOSHUA TREE Rehab Potential for Housing/Hospitality Complex with a Previous Use of Assisted Senior Living POTENTIAL WELLNESS RETREAT/SPA | BOUTIQUE HOTEL | VACATION RENTAL COMPLEX Located Two Blocks From Downtown Joshua Tree | Buyer To Verify Potential Uses With County

THE HOFFMAN COMPANY Bryant Brislin The 18881 Von Karman Ave, Ste 150 Irvine, CA 92612 C (714) 814-5624 Hoffman (949) 553-2020 • www.hoffmanland.com [email protected] Company CA DRE Corp ID #01473762 CA DRE #01877964 Our Philosophy: We continue to grow, adapt and perfect land sales drawing from over 40 years of experience. The Hoffman Our commitment has become even stronger moving into our 5th decade. Company

When you have an asset as valuable as land, it pays to work with the west’s most experienced BRYANT BRISLIN land brokerage firm. C (714) 814-5624 [email protected] WWW.HOFFMANLAND.COM CA DRE #01877964 TABLE OF CONTENTS

01 PROPERTY OVERVIEW 03 NEARBY LARGE COMMERCIAL TRADES

4 Site Detail 17 Recent Area Sales of Commercial & Multifamily 5 Close Up Aerial Properties 6 Assessor’s Parcel Map 7-10 Property Photos 11-12 Chollita As-Built Plans 04 AREA EXHIBITS, PRESS & FESTIVALS 13 Architect’s Notes 18 Proximity to Joshua Tree National Park 19 Joshua Tree Retail Map 20 Proximity to Copper Mountain College 02 MOOD BOARD & NEARBY PROJECT 21 Nearby National Credit Tenants 14 Inspiration Board/Mood Board 22 Proximity to Pioneertown [Wellness-Oriented Spa Retreat] 23 Proximity to 29 Palms Marine Base 15 Inspiration Board/Mood Board 24 Regional Proximity Map [Airbnb-Style Hotel] 25 Recent Press Regarding Joshua Tree 16 AutoCamp’s Nearby Project 26 Joshua Tree Music Festival (Twice Annual) 27 Bhatki Festival CHOLLITA COMPLEX | JOSHUA TREE 4 4

Site Detail

PROPERTY ADDRESS OPPORTUNITY 61850 & 61872 Chollita Road This property is a unique opportunity to do a value-add rehab for the following potential uses (all uses to be verified with the county; permits/CUP/zone change ASSESSOR’S PARCEL NUMBERS may or may not be necessary depending on the buyer’s desired use): 0603-222-25 & 0603-222-11 • Multifamily/Rental Complex TOTAL LAND SF • Assisted Living Facility ±47,600 Sq Ft • Boutique Hotel • Wellness-Oriented Retreat/Spa TOTAL ACREAGE • Hostel/Airbnb Style Vacation Rental Complex ±1.09 Acres ASKING PRICE TOTAL BLDG SF $2,295,000 ±15,000 Sq Ft AGENT CONTACT YEAR BUILT Bryant Brislin 1988 CA DRE #01877964 C (714) 814-5624 CONDITION OF BUILDINGS & GROUNDS [email protected] Mostly in need of rehab DISCLOSURES FORMER USE + AMENITIES All information given within this informational package is to be verified by any Previous use was assisted living, thus there is a commercial kitchen, dining hall, potential buyer or leasee. Agent’s statements are based upon representations living room, jacuzzi area, outdoor open space, etc. given by the property owner.

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Close Up Aerial

CHOLLITA RD

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Assessor’s Parcel Map

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Property Photos

All Electric Building Award Entrance to Rec Hall

Front of Property-Facing Northeast (with Monument Sign) Front of Property-Facing Rec Hall Only

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Property Photos

Front Of Property-Facing Southeast (with National Park Hills) Front of Property-Facing West

Front of Property-Looking North (with Monument Sign) Front Of Property-Looking Northeast

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Property Photos

Open Space-Facing East Open Space-Facing Northeast

Facing Front Of Property With Monument Sign, Facing Northeast Open Space-Facing Southeast Towards Rec Hall & National Park Hills

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Property Photos

Open Space-Facing Southeast Towards Rec Hall & National Park Hills Paseo Between Buildings

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Chollita As-Built Plans

42' - 0" 62' - 0" 50' - 0" 17' - 0" 17'

Consultant 65' - 3" Address Address 43' - 0" 43' Address Phone

Consultant Address Address Address Phone

Consultant Address Address 134' - 9" 134' Address Phone 111' - 9" 111'

No. Description Date 50' - 0" 30' - 0" 30'

Owner CHOLLITA COMPLEX SITE PLAN

DISCLAIMER: Project Number Project Number NOT FOR CONSTRUCTION. Date Issue Date DIMENSIONS TO BE Drawn By Author VERIFIED IN THE FIELD. Checked By Checker A100 SITE PLAN 1 Scale 1/8" = 1'-0" 1/8" = 1'-0" 8/2/2018 10:28:27 PM 10:28:27 8/2/2018

SITEH PLAN CHOLLITA COMPLEX – JOSHUA TREE

THE HOFFMAN COMPANY The 18881 Von Karman Ave., Ste 150, Irvine, CA 92612 Disclaimer: The information contained herein is provided from sources deemed reliable. The Hoffman Company does Hoffman T (949) 553-2020 • www.hoffmanland.com not guarantee the accuracy of any of the information herein. All information should be independently verified. Company CA Corp. BRE Lic #01473762 CHOLLITA COMPLEX | JOSHUA TREE 1212

Chollita As-Built Plans

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Architect’s Notes

25 Suites: Bedroom w/Attached Bathroom I’m numbering the buildings (north facing up) 1-to-5 from left to right, top to 2 Bedrooms: Bedroom w/out Bathroom bottom, thus, see below: 27 Total Units* BLDG 1: 1591 sf *Potential to create more units (demo/add party walls, etc.); to be verified by county BLDG 2: 989 sf planning if okay to create more units. BLDG 3: 5179 sf BLDG 4: 4195 sf Unit Mix | Ranges from approx. 145 sf to 205 sf. BLDG 5: 1500 sf Total building square footage: 13,454 sf 145 to 150 sf: 3 units 151 to 160 sf: 4 This means that 4,299/13,454 = 32% of the overall building footprint are suites. 161 to 170 sf: 7 171 to 180 sf: 3 The reason for the square footage ranges is that some rooms were off by a few 181 to 190 sf: 5 inches from another, so I couldn’t classify them as being the same unit type. 191 to 200 sf: 2 201 to 205 sf: 1 Total square footage of bedrooms = 4,299 sf

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Inspiration Board/Mood Board [Wellness-Oriented Spa Retreat]

Desert Hot Springs, CA

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Inspiration Board/Mood Board [Airbnb-Style Hotel]

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AutoCamp 55 Unit Airstream Complex w/F&B Component – Under Construction

AutoCamp is a Silicon Valley-backed hospitality firm that does high end complexes of Airstream trailers. Current locations include Yosemite, Russian River and Cape Code. Future locations include Zion and the Catskills, as well as Joshua Tree.

Renderings

SUBJECT SITE

CHOLLITA EL REPOSO EL Under Construction SUNBURST ST SUNBURST 62

Construction Site (Feb 2021)

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Recent Area Sales of Commercial & Multifamily Properties he he T T The Hoffman Hoffman QUAIL SPRINGS VILLAGE | SOLD 09/17/19 75 UNIT APARTMENTHoffman COMPEX Company Company $6,500,000 62220 VERBENACompany ROAD

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Proximity to Joshua Tree National Park

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CompanyJoshua Tree NationalCompany Park Sees Record VisitationCompany in 2016 Company Twentynine Palms, CA Joshua Tree National Park - Over 2.5 million people visited Joshua Tree National Park in calendar year 2016, up over 500,000 from 2015. [...] the park is planning future projects including additional entrance facilities, a new visitor center and a a shuttle service in cooperation with the Morongo Basin Transit Authority. Per National Park Service

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Joshua Tree Retail Map

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Sam’s Indian Food & Pizza SUBJECT SITE

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Proximity to Copper Mountain College

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Nearby National Credit Tenants

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Proximity to Pioneer Town

HATCH HOUSE

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Proximity to 29 Palms Marine Base

The Marine Corps Air Ground Combat Center (MCAGCC), also known as 29 Palms, is the United States Marine Corps’ largest base. The base is currently home to the 29 PALMS largest military training area in the nation (and the largest US base in the world), MARINE BASE andT consequently,he the largest training program.The The The 21.6 Hoffman Hoffman Hoffman MILESHoffman C8,413ompany 912Company 904 Company Company TOTAL POPULATION HOUSEHOLDS FAMILIES

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Regional Proximity Map

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Recent Press Regarding Joshua Tree The The The The Hoffman Hoffman Hoffman Hoffman Company Company Company Company

“Our weekend guests arrive from London via LAX [A Brooklyn native; Painter] Enticed by such easy “In the light of day, Cora and I discovered a robust “Consider that in the past year, attendance jumped just in timeT for hesundowners. We clink glasses as living, he and hisT partner,he Dana Balicki, a life coach, and lively high-desertThe scene. We ate breakfast at by 25 percent withT somehe 2.5 million people the sun sets over Black Lava Butte to the west came to Joshua Tree in February to escape the a thronged health food place, and loaded up on visiting Joshua Tree National Park. Consider that in and the boulders glow apricot-gold and the Bart- harsh New York winter [and] decided to move for fruit at a buzzing farmers’ market.“ –2016 the past year, attendance jumped by 25 percent lett range bruisesHoffman into a deep purple to the east.” good, soon findingH aoffman bigger place - ‘I just needed Hoffman with some 2.5 millionH peopleoffman visiting Joshua Tree –2015 to get out, go to the desert, and plug in to that National Park”. –2017 energy that is so palpable here.’” –2015 Company Company Company Company

“ If one small town can embody everything that’s “It’s a huge park, a little farther east than Palm Joshua Tree served as the backdrop for a cover “‘My goal here is to build an art compound,’ said cool in 2016,T it’she Joshua Tree.” –2016 Springs. You’reT allowedhe to camp and hike, or, if shoot with AcademyThe Award-willing actress Brie Furst, a photographer,T carpenterhe and assemblage you’re just looking for a brief escape, you can hit Larson for the May 2017 Issue. –2017 artist who years ago sold his 830-square-foot many of the highlights in an afternoon.” –2017 Los Angeles home for more than $600,000 and Hoffman Hoffman Hoffman moved to Joshua TreeH in aoffman quest for space. “More people are coming, but it’s changing for the bet- ompany ompany ompany ter. The immigrants are artists,ompany writers, inventors, C C C musicians and activists.”C –2015 H CHOLLITA COMPLEX | JOSHUA TREE 2626

Joshua Tree Music Festival (Twice Annual)

joshuatreemusicfestival.com

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Bhatki Festival

JOSHUA TREE, CA

Shakti Fest celebrates the devotional paths of yoga, Kirtan (sacred music), and meditation and places a special emphasis on the Divine Feminine. Our festival is a drug and alcohol-free vehicle for evolution of human consciousness through a heart-centered revolution. Bring your yoga mats this coming May to our new location, The Lake at Joshua Tree Campground, located in the beautiful region 2 hours east of Los Angeles. Practice with the best yoga teachers in the world, dance to sacred music by world-renown Kirtan artists, and take workshops with leaders in the field of personal growth. We offer student, senior, and local resident discounts.

bhaktifest.com/shaktifest

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Disclaimer

The information contained in this offering material (“Brochure”) is furnished solely for the purpose of a review by prospective purchaser of any portion of the subject property in the City of Joshua Tree, County of San Bernardino, California (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of Scheel Dallape Inc. d/b/a The Hoffman Company (“The Hoffman Company”). The material is based in part upon information obtained by The Hoffman Company from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, The Hoffman Company, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site. This Brochure was prepared by The Hoffman Company. It contains select information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation. In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by The Hoffman Company or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein. Seller and The Hoffman Company expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Brochure 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 any conditions to Seller’s obligations there under have been satisfied or waived. The Hoffman Company is not authorized to make any representations or agreements on behalf of Seller. This Brochure is the Property of The Hoffman Company and may be used only by parties approved by The Hoffman Company. The Property is privately offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to The Hoffman Company immediately upon request of The Hoffman Company or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of The Hoffman Company and Seller. Please be advised, Buyer acknowledges that The Hoffman Company Organization, may (1) act as an agent for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting The Hoffman Company to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers. POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER - DISCLOSURE AND CONSENT (C.A.R. Form PRBS, 11/14) A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker’s or salespersons (associate licensees) acting under the Broker’s license. The associate licensees may be working out of the same or different office locations. Multiple Buyers: Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property. Multiple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers. Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller’s property and consents to Broker acting as a dual agent for both seller and buyer in that transaction. If Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property. In the event of dual agency, seller and buyer agree that: (a) Broker, without the prior written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property at a price less than the listing price; and (c) other than as set forth in (a) and (b) above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the property to both parties.

H THE HOFFMAN COMPANY Northern California Office Coachella Valley Office NV Lic #B.1000466 The Southern California Office 3447 Mt Diablo Boulevard 777 E Tahquitz Way, Suite 200 Nevada Office Hoffman 18881 Von Karman Ave, Suite 150 Lafayette, California 94549 Palm Springs, California 92262 410 S Rampart #390 Irvine, California 92612 T (925) 310-4857 T (760)969-7357 Las Vegas, Nevada 89145 Company T (949) 553-2020 CA DRE Lic #01473762 CA DRE Lic #01473762 T (702) 726-6927

WWW.HOFFMANLAND.COM

Disclaimer: The information contained herein is provided from sources deemed reliable. The Hoffman Company does not guarantee the accuracy of any of the information herein. All information should be independently verified.