N Caswell Ave Potential Pad Development

E Holt Ave 33,518 CPD NAP SOUTHERN CALIFORNIA RETAIL INVESTMENT SINGLE TENANT N San Antonio Ave 10,148 CPD FALLAS STORES [email protected] [email protected] 611 EHoltAve +1 3103634871 +1 3103634870 Pomona, CA MARKETED BY: Richard Rizika Casey Metcalf EXCLUSIVELY Vice Chairman Lic. 01901071 Lic. 01044064 Associate

Table of Contents

INVESTMENT SUMMARY ...... 3 Parcel Map Surrounding Retail Investment Highlights Affluent Demographics Tenant Profile Property Details

PROPERTY OVERVIEW...... 8 Property Details Site Plan

AREA OVERVIEW...... 10 City Overview County Overview Sale Comparables

EXCLUSIVELY MARKETED BY:

Casey Metcalf Associate Lic. 01901071 +1 310 363 4871 [email protected]

Richard Rizika Vice Chairman Lic. 01044064 +1 310 363 4870 [email protected]

© 2017 CBRE, Inc. All Rights Reserved. 611 E HOLT AVENUE SURROUNDING RETAIL 611 E HOLT AVENUE

N Towne Ave N Towne

N Caswell Ave N San Antonio Ave 10,148 CPD N San Antonio Ave

E Holt Ave 33,518 CPD 611 E HOLT AVENUE

Investment Highlights Investment Summary

HIGH TRAFFIC & HIGH VISIBILITY LOCATION Offering Price $3,840,000 • Property is located on Holt Avenue, which has over 35,500+ cars per day Cap Rate 6.25% Total SF 30,000 SF • Newly constructed building is situated prominently at the intersection of Holt Avenue and Caswell Avenue First Floor 18,623 SF

• Reciprocal easement with the adjacent Rite Aid property allows more multiple access points Second Floor 11,377 SF on Holt Avenue, San Antonio Avenue and Caswell Avenue Land Area ±2.57 Acres • Located adjacent to national retailers Rite Aid, 99 Cents Only and Cardenas Market Year Built 2012

• Close proximity to residential and commercial density Demographics

NATIONAL TENANT INVESTMENT WITH DEVELOPMENT UPSIDE 1 MILE 3 MILES 5 MILES • Anchored by Fallas Stores, a national credit tenant with over 350 stores POPULATION 2016 Estimated Population 28,195 198,495 424,530 • New ten (10) year lease provides stable, long term income 2021 Projected Population 28,870 205,147 439,121 • Potential pad development opportunity at the corner of Holt Avenue and Caswell Avenue 2010 Census Population 27,766 191,764 408,498 2000 Census Population 27,891 187,408 400,674 • Pad opportunity could provide additional NOI to owner Growth 2010-2016 0.25% 0.55% 0.62% Growth 2016-2021 0.47% 0.66% 0.68% DENSE SOUTHERN CALIFORNIA TRADE AREA AGE • More than 28,000 people in a 1-mile radius with an Average Household Income over Estimated Average Age 28.9 31.2 32.8 $54,600 HOUSEHOLDS

• More than 198,000 people in a 3-mile radius with an Average Household Income over 2016 Estimated Households 7,676 52,309 121,672 $65,800 2021 Projected Households 7,833 53,839 125,458 2010 Census Households 7,609 51,022 117,956 • More than 424,000 people in a 5-mile radius with an Average Household Income over 2000 Census Households 7,618 49,456 116,009 $77,900 Growth 2010-2016 0.14% 0.40% 0.50% Growth 2016-2021 0.41% 0.58% 0.61% INCOME 2016 Est. Average Household Income $54,630 $65,814 $77,958

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Tenant Profile Company Profile

Company Type: Private

Lease Summary FP Stores, Inc, Lessee: a California Corporation

Fallas, is a family-owned company headquartered in the Harbor Gateway area of Los Lease Commencement: Feb 2017 Angeles, California with more than 350 locations in twenty-two states and Puerto Rico. Fallas does business as: Fallas, Fallas Paredes, Fallas Discount Stores, Factory 2-U, Conway, CW Lease Expiration: Jan 2027 Price, Fallas and Anna’s Linen’s, and offer brand name and private label clothing for men, Term: 10 years ladies, boys, girls, juniors, infants and toddlers along with lingerie, shoes and household items. Fallas Paredes caters to the Hispanic American community. Renewal Options: Four (4), Five (5) year

Total SF 30,000 SF

First Floor 18,623 SF

Second Floor 11,377 SF

Rent: $8.00

Rent Increases: 7% every 5 years

Cam Recovery Type: Net

* Analysis assumes new ten (10) year lease at COE

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Property Details

PROPERTY ADDRESS LAND AREA ACCESS 611 East Holt Ave, Approximately 2.57 acres or 111,835 square feet Property has access from Caswell Ave and Holt Pomona, CA 91767 of land Avenue through an easement with adjacent property. LOCATION DESCRIPTION BUILDING AREA Located on the Northeast corner of Holt Avenue Total: 30,000 SF ZONING and Caswell Avenue in Pomona, CA First Floor: 18,623 SF POC4 Second Floor: 11,377 SF PARCEL YEAR BUILT The tax assessor’s parcel number are 8337-017- Built in 2012 VISIBILITY & FRONTAGE 034 and 8337-017-035 Excellent visibility along Holt Avenue with over 240 feet of frontage

NEIGHBORING RETAILERS

7 611 E HOLT AVENUE

611 EAST HOLT POMONA, CALIFORNIA Site Plan

FOR MORE INFORMATION PASADENA STREET PLEASE CONTACT:

Mitchell Hernandez Lic. 01875229 T 310.765.2613 [email protected]

Richard Rizika Lic. 01044064

[email protected] CASWELL STREET LOCATOR MAP

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MontclairMontclair OntarioOntario WestWest (( PomonaPomonaPomona CovinaCovina PomonaPomonaPomona ´ CovinaCovina ONTARIOONTARIO INTLINTL

WalnutWalnut 611 E. Holt HOLT AVENUE 33,518 CPD DiamondDDiamondiamond BarBarBar

ChinoChino 8 ChinoChino HillsHills RowlandRowlandRowland HeightsHeights

© 2011 CB Richard Ellis, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE, CB RICHARD ELLIS and the CBRE CB RICHARD ELLIS logo are service marks of CB Richard Ellis, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

AVAILABLEUNITS UNITS SQUARE FEET TYPE 2 2 8 4 - K 2 1 , 0 0 0 S F Former Restaurant 2 2 9 2 - K 6 1 , 2 5 0 S F Former Restaurant 2 2 9 8 - K 8 9 6 5 S F End Cap 611 E HOLT AVENUE

Floor Plan - First Floor

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Floor Plan - Second Floor

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Parcel Map

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City Overview

POMONA ANNUAL CULTURAL EVENTS Pomona is a city in Los Angeles County, California, United States. Pomona is The city is the site of the Fairplex, which hosts the LA County Fair and the located in the Pomona Valley, between the Inland Empire and the San Gabriel NHRA Auto Club Raceway at Pomona, Powerade Winternationals Drag Racing Valley. Pomona is an urban area of Los Angeles County in the Pomona Valley. competition. The city also hosts the Pomona Swap Meet and the Classic Car According to the United States Census Bureau, the hit has a total area of Show. 22.964 square miles, over 99% of it land. Pomona is 27 miles east of Downtown LABOR POOL Los Angeles. Pomona is also located near many universities including Cal Poly Pomona, Pomona College & the Claremont Colleges, Western University of Home to a large labor pool, Pomona can provide employers with qualified Health Sciences, and Devry University. workers. The work force is extremely diverse, including men and women with a wide variety of job capabilities, from entry-level to management skills. Top DEMOGRAPHICS employers in the area include Pomona Valley Hospital Medical Center, California The 2010 United States Census reported that Pomona had a population of Acrylic Industries, Casa Colina Rehabilitation, and Verizon. 149,058. The population density was 6,491.2 people per square mile. The racial makeup is 48% white, 7.3% African America, 1.2% Native American, 8.5% Asian, 0.2% Pacific Islander, 30.3% from other races, 4.5% from two or more races, and 70.5% Hispanic or Latino.

HOUSING There were 38,477 households, out of which 19,690 (51.2%) had children under the age of 18 living in them. There were 39,620 housing units at an average density of 1,771.8 per square mile, of which 21,197 were owner-occupied, and 17,280 were occupied by renters. The homeowner vacancy rate was 2.0%; the rental vacancy rate was 5.9%. 80,968 people (54.3% of the population) lived in owner-occupied housing units and 63,952 people (42.9%) lived in renting housing units.

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County Overview

LOS ANGELES

Los Angeles County is the most heavily populated county in the country Located on the southern coast of California, Los Angeles County covers 4,061 with approximately 9.8 million people including about 1 million that live square miles and includes San Clemente and Santa Catalina islands. The County in unincorporated areas of the county. The metropolis formed by the five is comprised of approximately 88 vibrant and divers cities hosting more than neighboring counties of Los Angeles: Ventura, Kern, San Bernardino, Riverside, 244,000 business establishments—the greatest concentration in the state. Los and Orange is home to approximately 19 million residents. Los Angeles County Angeles County has a Gross Domestic Product (GDP) of approximately $446 is home to one of the most educated labor pools in the country and offers a billion—placing it among the top 20 economies in the world. The combined labor force of more than 4.7 million, of which more than 1.5 million are college GDP of Los Angeles and its five surrounding counties places it in the top 10. graduates. Los Angeles County has the largest population of any county in the California is generally considered to be in the top five. nation, exceeded only by eight states. According to the United States Conference of Mayors, Los Angeles County boasts a GDP among the twenty largest in the Los Angeles County is home to more than 244,000 businesses, with more world. Los Angeles County’s continued economic growth, in contrast to other minority and women owned businesses than any other in the nation and is the areas of the state and nation, is due to its diversified economy and abundant, nation’s top international trade center and manufacturing center. Los Angeles well-trained workforce. is recognized worldwide as a leader in entertainment, health sciences, business services, aerospace and international trade. Because the Los Angeles area is so Los Angeles County is served by one of the largest freeway networks in the large and diverse, it has something to offer to everyone. While Hollywood and country, providing access to the five neighboring counties as well as the rest of the Los Angeles beach culture are part of the collective image of Los Angeles, the state and nation. Los Angeles County’s extensive freeway network facilitates the city also has more museums than any other city in the U.S. and some of the the movement of people and freight throughout the region, the state and the best hotels in the world. nation. Through recent decades, Los Angeles County has developed a diverse economic Los Angeles International Airport (LAX) services the Los Angeles County area base, supported by a number of Fortune 500 companies with headquarters in with nearly 62 million passengers per year and is the sixth busiest airport in the the area, including Walt Disney, Northrop Grumman, Occidental Petroleum, world. It is supplemented by its proximity to Ontario International Airport in the Computer Sciences, DirecTVGroup, Health Net, KB Home, Jacobs Engineering City of Ontario (San Bernardino County), Burbank Airport (Los Angeles County) Group, Avery Dennison, Mattel, Ryland Group, and Hilton Hotels. Key factors and John Wayne Airport in Santa Ana (Orange County). Municipal bus and light positively influencing the region’s economic position include increased local rail service is proved by the Los Angeles County Metropolitan Transportation media production by the entertainment industry; a continuing expansion of Authority (MTA). import flows; and growth in aerospace, homeland security and the private

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business sector. Over $25 billion in on-going infrastructure construction activity is underway to support the local economy, including expansions of the ports of Long Beach and Los Angeles and an extension of the Metro Gold Line. Los Angeles County’s well educated labor pool, numerous universities, appealing climate, and world- class infrastructure will enable Greater Los Angeles to continue to be a world leader in economic and cultural influence.

14 Affiliated Business Disclosure & Confidentiality Agreement

AFFILIATED BUSINESS DISCLOSURE CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgment of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s). CONFIDENTIALITY AGREEMENT Your receipt of this Memorandum constitutes your acknowledgment that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc. DISCLAIMER This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. © 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Macintosh HD:Users:KLou:Box Sync:Southern California:GLAOC Marketing:Property Marketing:South Bay:Fallas OM - RRizika:Former Fallas_OM_v07KL.indd

EXCLUSIVELY MARKETED BY:

Casey Metcalf Richard Rizika Associate Vice Chairman Lic. 01901071 Lic. 0144064 +1 310 363 4871 +1 310 363 4870 [email protected] [email protected]