26453-26459 Bouquet Canyon Rd., Santa Clarita, CA

OFFERING MEMORANDUM

OFFERED AT $5,900,000 5.9% Cap Rate

100% leased ±9,029 SF high visibility building positioned near a busy, signalized intersection along the main route to the communities of Saugus, Canyon Country, Valencia and Newhall.

Located in Santa Clarita the third largest city in Los Angeles County.

26453–26459 BOUQUET SANTA CLARITA CA 91350 CANYON RD.

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26453-26459 NEWHAL BOUQUET CANYON RD L RANCH ROAD

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BOUQUET CANYON ROAD

2 RADIUS COMMERCIAL REAL ESTATE | RADIUSGROUP.COM OFFERING MEMORANDUM 26453–26459 Bouquet Canyon Rd. | Santa Clarita, CA 91350

PROPERTY OVERVIEW

100% leased building in one of Santa Clarita’s core retail locations. Located within the affluent suburb of Santa Clarita, this well-maintained trophy asset is strategically positioned along the main east-west arterial known as the Cross Valley Connector, linking the four communities of Valencia, Saugus, Newhall and Canyon Country together. A plethora of high credit tenants are established at this intersection which gives the area vibrancy and high traffic counts. The four current tenants include AT&T, Logix FCU, awarded Forbes best-in state credit union, and well- established local services The Nail Fix and Pure Dentistry. The building has had no vacancy for years!

Offering Specifics

Price $5,900,000

Cap Rate 5.9%

Occupancy 100%

Building Size ±9,029 SF

Parcel Size ±39,494 SF (±0.91 Acres)

Parking Common (New Sealcoat, 2020)

Year Built 2004

HVAC Yes

Zoning SP (Specific Plan)

Ownership Fee Simple

APN 2811-068-021

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

Bob Tuler John Cserkuti Gene Deering Justin Diem 805.879.9605 661.705.3551 805.879.9623 805.879.9634 [email protected] [email protected] [email protected] [email protected] CA LIC. 00643325 CA LIC. 01267987 CA LIC. 01450943 CA LIC. 02058176

NEWHALL RANCH ROAD

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

NEWHALL RANCH ROAD

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

COMPARABLE SALES

2/3

4/5

7 The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

COMPARABLE SALES

CENTER NAME/ADDRESS TYPE SIZE (SF) PRICE PRICE/SF BUYER SELLER # TENANTS CAP DATE

SUBJECT PROPERTY 26453-59 Bouquet Suggested 1 Strip Center 9,029 $653 — — Four 5.92% — Canyon Rd $5,900,000 Santa Clarita

Donahue Bouquet Canyon Plaza Gershman Alberstons Schriber 2 27611-33 Bouquet Canyon Rd 9,000 $3,745,157 $416.13 Properties, Two 6.12% Mar-20 Shadow Anchored Commercial Santa Clarita LLC R.E.

Donahue Bouquet Canyon Plaza Gershman Alberstons Schriber 3 27637-61 Bouquet Canyon Rd 18,876 $7,854,843 $416.13 Properties, Nine 6.12% Mar-20 Shadow Anchored Commercial Santa Clarita LLC R.E.

Regional & National Centre Pointe Marketplace Tenants - Out Parcel Koko Michael K. 4 26477-91 Golden Valley Rd 6,111 $3,478,323 $569.19 Four 6.00% Mar-18 to Wal-Mart & Eshgian Boone Santa Clarita Sam's Club

Regional & Local Centre Pointe Marketplace Tenants- Outpacel Koko Michael K. 5 26501-15 Golden Valley Rd 5,433 $3,418,432 $629.20 Three 6.00% Mar-18 to Wal-Mart & Eshgian Boone Santa Clarita Sam's Club

Moeiz 25057-67 Peachland Ave Locally Tenanted Satin 6 6,297 $2,450,000 $389.07 Koshki Seven 5.66% Feb-19 Santa Clarita Strip Center Trust DDS

Northridge Plaza Target Shadow Paragon Ben-Cohen 7 8850-66 Corbin Ave Anchored 10,150 $6,000,000 $591.13 Commercial Six 5.75% Oct-19 Law Firm Northridge Multi-Tenant Pad Group

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

LEASE COMPARABLES

7 1

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

LEASE COMPARABLES

CENTER NAME/ADDRESS TENANT SIZE (SF) RENT/SF/MO TERM ESCALATIONS ABATEMENT TI’S DATE LOCATION NNN

SUBJECT PROPERTY 26453-59 Bouquet 1 — — — — — — — — — — Canyon Rd Santa Clarita

Valencia Village American 10 years w/ 12.5% every Feb- 2 27550 Newhall Ranch Rd Family 3,000 $3.00 2 five year 180 days $40psf (pad) $0.85 5 years 2020 Suite 203, Valencia Care options

5 year Promenade at Town Center Teagle renewal w/ Feb- 3 27011 McBean Parkway 2,215 $4.18 3% annually None None (in-line) $0.91 Optometry 1 five year 2020 Suite 107 option

Newhall Crossings XRO 5 years w/ Dec- 4 24450 Main Street Churro 792 $3.25 1 five year 3% annually 150 days $25psf (end-cap) $0.85 2019 Suite 100, Newhall Bar option

5 year Riverview Plaza Sushi renewal w/ Dec- 5 26921 Sierra Highway 1,800 $3.50 3% annually None None (in-line) $0.90 California 1 five year 2019 Santa Clarita option

Bouquet Canyon Plaza 10 years w/ Pizza Dec- 6 27667 Bouquet Canyon Rd 1,200 $3.25 2 five year 2% annually 150 days $15psf (end-cap) $0.82 Guys 2019 Santa Clarita option

Bridgeport Marketplace 10 years w/ Salon Sep- 7 23961 Newhall Ranch Rd 3,553 $3.94 2 five year 3% annually 180 days None (in-line) $0.81 Glo 2019 Valencia options

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM

OFFERING MEMORANDUM 26453–26459 Bouquet Canyon Rd. | Santa Clarita, CA 91350

INCOME ANALYSIS

Current Income

Tenant Sq.Ft. Lease Type Base Rent/SF Base Rent NNN's Gross Rent Lease Exp Remaining Options

Logix Federal Credit Union 2,986 NNN $4.35 $13,000 $3,286 $16,286 7/25/2024 One 5 Year

AT&T 3,008 NNN $2.67 $8,021 $3,310 $11,331 2/28/2025 One 5 Year

Pure Dental Solutions 1,900 NNN $3.61 $6,858 $2,091 $8,949 5/10/2026 None

The Nail Fix 1,135 Gross $3.26 $3,700 $0 $3,700 7/1/2021 One 3 Year

TOTAL BLDG SF: 9,029 SF MONTHLY BASE RENT: $31,579

Tenant Reimbursable (NNN’s) $8,687

Gross Monthly Rent (Base Rent + NNN’s) $40,266

Annual Scheduled Income $483,198

Vacancy Factor 3%

ANNUAL GROSS INCOME: $468,702

NNN Expenses

Projected

Estimated Taxes @ 1.209% $71,331

Insurance (2019) $7,769

CAM Utilities (2019) $6,122

Property Management Expense 3% $14,500

Repairs/Maintenance (2019) $19,617

TOTAL: $119,339

Current Projected

MONTHLY OPERATING EXPENSES: $1.10/SF $1.22/SF $119,239

NET OPERATING INCOME: $349,448

CAP Rate SALES PRICE: $5,900,000 $653 5.92%

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM MARKET OVERVIEW Santa Clarita’s master planned communities offer its resients an unmatched quality of life and ideal place to raise a family

Voted “The Best Place to live in California”

MAGAZINE

7.24.20 205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM Santa Clarita is regularly Offering a low-cost, high-value proposition to recognized as a premier expanding businesses, with its business friendly tax location for business and has structure, Santa Clarita has enjoyed the benefit of been named attracting some of the most successful entertainment, “MOST BUSINESS biomedical, technology, and aerospace companies FRIENDLY CITY IN around the world. LOS ANGELES COUNTY” LAEDC by Los Angeles County Economic Development Corporation (LAEDC)

Santa Clarita Overview

Located 30 miles northwest of Downtown Los Angeles, and just north of the San Fernando Valley, the City of Santa Clarita covers 65.7 square miles of the 520 square miles that compromise the Santa Clarita Valley, with a population of approximately 300,000 residents.

Nestled between the Santa Susana and San Gabriel Mountain Ranges and more specifically bordered by State Highway 14 to the east and Interstate 5 to the west, Santa Clarita represents the 3rd largest city in Los Angeles County, and was officially formed in 1987 when the four unincorporated communities of Valencia, Saugus, Newhall and Canyon Country merged together.

Throughout the years, the City of Santa Clarita has experienced tremendous growth and has maintained the designation of one of the fastest growing cities in Los Angeles County. It was ranked 4th safest among California cities with a population of at least 150,000 and continuously in the Top 20 safest in the entire nation, according to the FBI.

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

Quality of Life

Santa Clarita residents enjoy benefits of thriving civic centers, world-class recreational facilities, top performing schools and colleges, and impressive dining and shopping amenities. From PGA-featured gold courses to the Six Flags Magic Mountain theme park, Santa Clarita Valley is home to some of Southern California’s best outdoor recreation spots. Nearly two-thirds of SCV schools have been named as California Distinguished Schools and are known for their high academic performance index scores. Named “The Best Place to Live in California” by CNN Money Magazine, Santa Clarita’s master planned communities offer its residents an unmatched quality of life and ideal place to raise a family.

Business & Labor

The Santa Clarita Valley is home to a stable, well-educated workforce. 60% of adults have attained a four-year degree or higher, and 58% of all working households have been in their current job for at least 7 years.

Major Employers

Employer No. of Employees Employer No. of Employees

Six Flags Magic Mountain 3,200 U.S. Postal Service 1,271 College of the Canyons 2,135 Boston Scientific 1,000 Princess Cruises 2,092 City of Santa Clarita 877 William S. Hart Union School District 1,959 Newhall School District 774 Henry Mayo Newhall Memorial Hospital 1,917 Saugus Union School District 1,675

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM OFFERING MEMORANDUM 26453–26459 Bouquet Canyon Rd. | Santa Clarita, CA 91350 COMPLETE PROFILE 2000-2010 Census, 2020 Estimates with 2025 Projections Calculated using Weighted Block Centroid from Block Groups Demographics Lat/Lon: 34.4277/-118.5395

26459 Bouquet Canyon Rd 1 mi radius 3 mi radius 5 mi radius Santa Clarita, CA 91350

Population Estimated Population (2020) 0 T 11,480 102,842 211,626 Projected Population (2025) 0 T 11,365 101,622 209,220 Census Population (2010) 0 T 11,543 97,523 204,154 Census Population (2000) 0 T 9,343 75,109 148,670

Projected Annual Growth (2020-2025) - - -116 -0.2% -1,220 -0.2% -2,406 -0.2% Historical Annual Growth (2010-2020) - - -63 - 5,319 0.5% 7,472 0.4% Historical Annual Growth (2000-2010) - - 2,200 2.4% 22,414 3.0% 55,484 3.7%

Estimated Population Density (2020) - psm 3,656 psm 3,638 psm 2,696 psm Trade Area Size 0 T sq mi 3.1 sq mi 28.3 sq mi 78.5 sq mi Households Estimated Households (2020) 0 T 4,274 36,731 70,725 Projected Households (2025) 0 T 4,363 37,500 72,241 Census Households (2010) 0 T 4,156 33,685 65,775 Census Households (2000) 0 T 3,349 25,458 49,973

Projected Annual Growth (2020-2025) - - 89 0.4% 769 0.4% 1,516 0.4% Historical Annual Change (2000-2020) - - 925 1.4% 11,273 2.2% 20,752 2.1% Average Household Income Estimated Average Household Income (2020) $0 T $146,697 $130,983 $130,442 Projected Average Household Income (2025) $0 T $178,314 $159,988 $158,256 Census Average Household Income (2010) $0 T $88,314 $100,459 $97,474 Census Average Household Income (2000) $0 T $84,347 $86,622 $80,951

Projected Annual Change (2020-2025) - - $31,617 4.3% $29,005 4.4% $27,814 4.3% Historical Annual Change (2000-2020) - - $62,349 3.7% $44,362 2.6% $49,491 3.1% Median Household Income Estimated Median Household Income (2020) $0 T $111,049 $104,081 $100,224 Projected Median Household Income (2025) $0 T $129,610 $121,798 $117,022 Census Median Household Income (2010) $0 T $77,717 $87,400 $83,580 Census Median Household Income (2000) $0 T $67,278 $75,609 $70,063

Projected Annual Change (2020-2025) - - $18,561 3.3% $17,717 3.4% $16,798 3.4% Historical Annual Change (2000-2020) - - $43,771 3.3% $28,472 1.9% $30,161 2.2% Per Capita Income Estimated Per Capita Income (2020) $0 T $54,620 $46,826 $44,148 Projected Per Capita Income (2025) $0 T $68,469 $59,082 $55,205 Census Per Capita Income (2010) $0 T $31,798 $34,699 $31,405 Census Per Capita Income (2000) $0 T $29,972 $29,176 $27,144

Projected Annual Change (2020-2025) - - $13,848 5.1% $12,256 5.2% $11,056 5.0% Historical Annual Change (2000-2020) - - $24,648 4.1% $17,650 3.0% $17,004 3.1% Estimated Average Household Net Worth (2020) $0 T $1.67 M $1.5 M $1.43 M

Housing

Demand for existing housing continues to rise in Santa Clarita Valley, with mortgage rates at or near all-time historic lows. The Median Home price in the Valley as of January 2020, was $685,000, which represents an appreciation rate of 6.4% year over year. Multiple new residential projects are currently under construction representing approximately 7,400 homes, with the largest in California, the Valencia project, formerly known as Newhall Ranch, also breaking ground this year and tallying over 4,055 single family homes and part of an overall 21,600 planned homes. There are another 28,000 units in the entitlement queue that have not yet started construction or have not yet obtained project approvals by the City of Santa Clarita or Los Angeles County. Consequently, new housing development represents a strong future stimulus for the regional economy.

New Commercial Development

In tandem with the rest of California, the commercial and industrial development environment is hot in the regional economy. 1.3 million square feet of new industrial space is under construction, principally at Needham Ranch and in the IAC Commerce Centers with another 2 million plus square feet in various design and permitting stages. A highly anticipated and recently announced household name tenant, Amazon, executed deals in both of these projects and will occupy approximately 100,000 square feet for expansion of its distribution facilities. The office and hospitality sectors also remain active with another 330,000 square feet underway along with three hotels set to open later this year. Industrial vacancy rates remain at a rock bottom 2.1%, with retail and office averaging 4.8% and 8.3%, respectively.

205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM FOR SALE INQUIRIES

Bob Tuler 805.879.9605 [email protected] CA LIC. 00643325

John Cserkuti 661.705.3551 [email protected] CA LIC. 01267987

Gene Deering 805.879.9623 [email protected] CA LIC. 01450943

Justin Diem 805.879.9634 [email protected] CA LIC. 02058176

26453–26459 BOUQUET SANTA CLARITA CA 91350 CANYON RD.

RADIUSGROUP.COM