Kelly Johnson Parkway

± 24,500 SF FACILITY OWNER-USER INVESTMENT OR SITUATED ON 2 LEGAL PARCELS DEVELOPMENT OPPORTUNITY TOTALING ± 13.47 ACRE 28141 KELLY JOHNSON PKWY VALENCIA, CA PRIMARY CONTACTS

Yair Haimoff, SIOR Executive Managing Director 818.203.5429 [email protected] CA BRE Lic #01414758

Matt Sreden Senior Associate 818.742.1660 [email protected] CA BRE Lic #01907628

Andrew Ghassemi Senior Associate 661.705.3039 [email protected] CA BRE Lic #01963548

27451 Tourney Rd., Suite 200 Valencia, CA 91355

No warranty, express or implied, is made as to the accuracy of the information contained herein. this in- formation is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information con- tained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. NAI Capital CA BRE #01990696 1 2 3 THE OFFERING PROPERTY LOCATION INFORMATION INFORMATION I THE OFFERING THE OFFERING

NAI Capital, Inc. is proud to present an investment/development opportunity to purchase 24,500 +/- SF facility formerly occupied by Albert Einstein Academy of Letters, Arts and Sciences and used as a public charter school that is situated on 2 Legal Parcels totaling 13.47 +/- Acres with potential Development Opportunity. Parcel 1 has an existing two-story 24,500 +/- sf structure that is situated on 7.5 +/- acres. Parcel 2 totals 5.97 +/- acres of paved storage/ parking area.

This value-add property presents an exceptional opportunity to develop an additional space for school use or other uses such as flex, general or medical office space on the excess land with the capacity to convert the existing structure to a general or medical offices in the future.

The property is strategically located in a prime Valencia location that is within the City of Santa Clarita Jurisdiction. It is situated within the prestigious Rye Canyon Business Park just minutes from Valencia Town Center Amenities, Hyatt Hotel and Conference Center, Fitness Centers, Restaurants, Hotels, Golf Courses, single and multi-family housing and Freeway Onramps.

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES II PROPERTY INFORMATION PROPERTY HIGHLIGHTS

• Former Public Charter School

• Excellent Investment with Future Development Opportunity in a Prime Valencia Location

• Existing Structure Features Excellent and functional layouts that is Elevator Served

• Currently Vacant

LOCATION HIGHLIGHTS

• 24,500+/- SF facility Situated on 2 Legal Parcels totaling 13.47 +/- Acres

• Close Proximity to Newhall Ranch Development of more than 20,000 new homes

• Quickly accessed from anywhere in the submarket and features easy access and abundant parking

• Minutes from Valencia Town Center Amenities, Restaurants, Hotels, Golf Courses and Freeway Onramps

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES BUILDING SPECIFICATIONS

ADDRESS 28141 Kelly Johnson Parkway, Valencia, California PARCEL NUMBER 2866-048-031 and 2866-048-032 TOTAL BUILDING AREA 24,500 +/- SF TOTAL LAND AREA 13.47 Acres STREET FRONTAGE 650’ OCCUPANCY Currently Vacant TOTAL PARKING Concrete paved; parcel 1: 125 Parking Spaces and parcel 2: 45 parking spaces ACCESSIBILITY 3 Staircases and 1 Elevator YEAR BUILT 2006 STRUCTURAL Concrete Tilt-Up Construction FIRE ALARM/SPRINKLERS Yes ZONING BP (Business Park) TOPOGRAPHY Flat and Rolling

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES ADDITIONAL IMPROVEMENTS

Prominent Building Signage WiFi Extenders

Secured Parking Area with Controlled Access Electric Gates HDMI Hookups

• 12 Camera System Motion Sensors • Classroom Furniture Maybe Available for Purchase • State of the Art Science Lab with Gas, Water and Electrical Projection Drops Connections – Possible Surgery Center

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES FLOOR PLANNOTES Work Room Multiple multi-stallrestrooms Multiple storagerooms Galley/Kitchenette Area Locker-rooms Multi-purpose room withmaximumcapacityof235persons Science Lab Multiple smallandlarge Classrooms FIRST FLOORSPECIFICATIONS 1ST FLOORPLAN WALL LEGEND

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY |±13.47ACRES A-2.0 TENANT IMPROVEMENT FOR: ALBERT EINSTEIN ACADEMY FOR LETTERS, ARTS, AND SCIENCES 28141 KELLY JOHNSON PARKWAY 1199 AVENIDA ACASO #A SANTA CLARITA, CA TEL 805 388-2724 CAMARILLO, CA 93012 FAX 805 383-0248 E-MAIL: [email protected] FLOOR PLANNOTES Multiple multi-stallrestrooms Accessed bythree stairwaysaswellasingleelevator Five privateoffices andfacultylounge Multiple smallandlarge Classrooms SECOND FLOORSPECIFICATIONS 2ND FLOORPLAN WALL LEGEND A-2.0 TENANT IMPROVEMENT FOR: ALBERT EINSTEIN ACADEMY FOR LETTERS, ARTS, AND SCIENCES 28141 KELLY JOHNSON PARKWAY 1199 AVENIDA ACASO #A SANTA CLARITA, CA TEL 805 388-2724 CAMARILLO, CA 93012 FAX 805 383-0248 E-MAIL: [email protected] PROPERTY AERIAL

Constellation Road

Kelly Johnson Parkway

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES III LOCATION INFORMATION

ECONOMIC OVERVIEW CITY OVERVIEW

Santa Clarita has been recognized by several major organizations for its efforts The City of Santa Clarita is widely considered to be one of the safest and most to foster significant and sustained business growth. The City of Santa Clarita desirable cities to live in in the country. The City of Santa Clarita is the fourth was named the “Most Business-Friendly City in Los Angeles County” by the Los largest city in Los Angeles County, and the 24th largest city in the state of Angeles Economic Development Corporation (LAEDC) in 2016. The city of Santa California. The City of Santa Clarita was formed in 1987 as an amalgamation Clarita boasts over 30 million square feet of high quality office and industrial of the unincorporated communities of Canyon County, Newhall, Saugus, and space. The city is also home to a Foreign-Trade Zone that comprises much of Valencia. The city occupies most of the Santa Clarita Valley, which includes the industrial sector of the city, alongside several development initiatives. In several other unincorporated communities, such as Castaic and Stevenson’s 2014, the City of Santa Clarita created the Industry Cluster Attraction Incentive Ranch. The City of Santa Clarita is estimated to have a population of 181,972 program to provide tax incentives, matched by the County of Los Angeles, to in 2016, along with a median household income of $83,554. Additionally, the qualifying companies that relocate to Santa Clarita. Recipients of this program city is poised for significant growth, with an additional 21,500 new single-family qualify can qualify for: housing units slated for new construction under the Newhall Ranch Project over • Exemption from Business License Fees the next 20 years. • Exemption from Utility Users Tax • Exemption from Gross Receipts Tax

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES WORKFORCE

TRANSPORTATION Companies in the Santa Clarita Valley can tap Just 10 minutes from the San Fernando Valley, 25 into 2.7 million workers within a 30-minute minutes from Burbank Airport, 30 minutes from radius. The reverse commute is a plus for downtown Los Angeles and 40 minutes from LAX employers and employees alike. Los Angeles International Airport with easy access to the Tri-Cities, West Los Angeles, and downtown Los Angeles via Golden State I-5 Freeway. The Santa Clarita Valley is close to 23 interstate and local highways providing convenient access to all areas of the Los Angeles and Ventura Counties. QUALITY OF LIFE The Santa Clarita Valley is regarded as a very desirable area to live. Featuring great schools, shopping and high overall quality of life. The area does not suffer from the congestion of south Los Angeles County, yet is very close.

POPULATION GROWTH Valencia is located in the desirable Santa Clarita Valley which is home to growing industries including Aerospace and Defense, Medical Device, and Information Technology. Businesses thrive in this submarket which is a lower cost alternative to the Tri Cities and Southern Los Angeles County Markets. UNIVERSITIES AND JOB TRAINING The Santa Clarita Valley is also close to 15 area colleges and universities and home to the , which is recognized for its leadership in correlating education with economic growth, job retention and workforce development.

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES CITY OF SANTA CLARITA OFFICE MARKET

The greater Santa Clarita Valley office submarket is one of the newest markets There are no large scale office developments breaking ground in the City of Santa in the greater Los Angeles Area. It consists of approximately 210 buildings with Clarita. With severely limited new supply, the demand for existing office space is about 4.68 million SF rentable building area. 2.87 Million SF, or about 60% of expected to grow. Due to the increasing demand and low inventory, lease and sale all properties, are located within the City of Santa Clarita. As the following chart prices are expected to rise through 2017 and beyond. shows, a very limited amount of investment went into new office and retail buildings since 2010. With over $25 Billion infrastructure and construction activity currently underway, the strength of the Los Angeles economy continues to support regional business Currently, there is only a minimal 100,000 SF of new space under construction in Santa Clarita. Due to its favorable tax and business climate and its reverse with about 426,000 SF of existing vacancy. With an expected 3,130 jobs created commuting pattern, Santa Clarita offers one of the most desirable office in 2015, this translates into about another year of supply. environments in the region for owner users and investors. In 2015, the office market is expected to continue its strong recovery with positive net absorption The limited inventory increases the demand for existing office buildings. According and rising rent and sale prices. The limited supply and increasing demand for high to CoStar, the average rent is $28.48/SF or $2.37 per month on a full service basis. quality office space signals that investor confidence will remain strong in the Santa The majority of office properties in the Santa Clarita Valley are Class B products, Clarita Valley for the foreseeable future. similar to the subject. There are only a limited number of newer multi-tenant office buildings in the area and they are in high demand. Due to limited supply, only three (3) larger than 10,000 SF office building were sold since January 2014 for a price ranging from $300.58/SF to $423/SF with an average sale price of $364/SF.

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES SANTA CLARITA OFFICE SUBMARKET MEDICAL MARKET

• 2.5 Miles from Henry Mayo Hospital a 238 bed community hospital with over • Pacifica Hospital of the Valley - Sun Valley 450 doctors • Palmdale Regional Medical Center - Palmdale • 10 Area Hospitals serving the extended North LA population • Southern California Hospital At Van Nuys D/P Aph - Van Nuys • Antelope Valley Hospital - Lancaster • Valley Presbyterian Hospital - Van Nuys • Henry Mayo Newhall Memorial Hospital - Valencia • Over 3,000 primary and specialty care physicians. • Kaiser Fnd Hosp - Panorama City - Panorama City • Convenient highway access and great visibility for out of town patients • Los Angeles County Olive View-Ucla Medical Center - Sylmar • Satellite location for doctors from Palmdale, Lancaster and other regional hospitals • Mission Community Hospital - Panorama Campus - Panorama City • Over 1 Million patient population from the market area • Northridge Hospital Medical Center - Northridge • High Income local population in Valencia – elective procedures

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES SANTA CLARITA MEDIA SUBMARKET

Santa Clarita is often referred to as the most film-friendly city in America. The local state-of-the-art facilities include 31 sound stages and 10 movie ranches, occupying 3,553 acres of land. The City’s Film Incentive Program has contributed $35.25 Million to the community and provided refunds up to 40 different production companies. In 2013, the City generated 1,264 location film days, up 38% from the previous year. In contracts, total shoot days increased by 11% for the Los Angeles area. Stated differently, Santa Clarita has one of the fastest growing market shares in the TMZ zone, increasing about three (3) times the rate of the greater LA area. Local projects generated an estimated $30.5 million in spending on wages, hotels, catering and other goods and services in the city, up from $21.7 million in 2012, according to the Santa Clarita film office.

DISNEY/ABC STUDIOS AT THE RANCH

The new facility will be constructed on approximately 56-acre of Property. The development will provide state-of-the-art-studios facilities for a variety of film and television production projects here in the Santa Clarita Valley on a small piece of the development on the westernmost portion of the Ranch.

As of January 2015, there were two (2) alternative construction plans: One plan suggested 8 sound stages and 510,000 square feet of indoor studio facilities, while the other includes 12 sound stages and 555,960 square feet of indoor state-of-the-art studio space.

In August 2013 the County Board of Supervisors granted tentative approval for both versions of the project. The Los Angeles County Board of Supervisors in January of 2014 also granted permission for the construction of either plan. Construction is scheduled to start before the end of 2015, however, no final decision has been made as to which plan will be implemented.

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES SANTA CLARITA VALLEY INDUSTRIAL SUBMARKET

The greater Santa Clarita Valley industrial submarket is one of the newest markets and warehouse space is generated by the local manufacturing sector and the in the greater Los Angeles Area. It consists of approximately 550 buildings with entertainment industry that support the Hollywood/Burbank media complex. a rentable building area just under 20,000,000 square feet. The most significant industrial development underway is the 58 acre Disney/ABC The average industrial vacancy rate in the Santa Clarita Valley is under two (2%) studio complex which will consist of 12 sound stages. The project is scheduled percent with no vacancy in the Centre Pointe Business Park. There is a very limited to be completed in the near future and is expected to generate 2,854 high paying supply of similar Class A product available in the surrounding areas. permanent jobs and $533 Million in annual economic activity.

The majority of industrial properties in the Santa Clarita Valley are warehouse, The development has already started to increase demand in the area for light manufacturing, R&D, and flex buildings. There are only a limited number industrial and flex spaces that has translated into slightly higher rental rates. of newer multi-tenant industrial buildings in the area and they are typically fully With increasing demand and very low existing inventory, lease and sale prices leased. Due to limited supply, only a few similar Class A properties were sold will continue to rise through 2017 and beyond. in the Santa Clarita Valley in recent years. The constant demand for flex office

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES LOS ANGELES COUNTY OFFICE MARKET

The greater Los Angeles basin is the heart of the A large number of Fortune 500 companies are economic activity in Southern California. It is the headquarters in the area that ensures a consistent 2nd largest GDP center in the United States and demand for office space. represents the 3rd largest economic center in the world with $775 Billion a year economic output. In the 4Q/2014, Los Angeles County added 113,300 The area has one of the largest office markets in new jobs to its labor force extending its economic the Western United States with about 300 Million recovery. The demand for office space continued to square feet of inventory. increase with a positive net absorption of almost 2 Million square feet, reducing vacancy to 15.9%. In Los Angeles County covers 4,061 square miles 4Q/2014 alone, there were almost 21 Million square including the Santa Catalina Island. Los Angeles feet of office space leased out with an average rate County is the most populous county in the United of $2.46 PSF on a full service basis. States with a population of 9.9 million people including about 1 million that live in unincorporated Currently, there is only about 3 Million square feet areas. The County is comprised of approximately of office space under construction. Los Angeles is 88 vibrant and diverse cities and communities. a developed market with virtually no vacant land available for new development. The lack of vacant The County has a labor force of more than 4.7 land and high land prices for re-development million and it boasts of one of the most educated opportunities increase the barriers to entry to the employment markets in the nation with more point where new developments represent only 1% than 1.5 million college graduates. Throughout of the existing stock. The limited new supply coming the recent decades, LA County has developed to the market supports the continued demand for a diverse economic base, supported by more existing office space through 2017 and beyond. than 244,000 business establishments – the greatest concentration in California. Los Angeles County is recognized worldwide as a leader in entertainment, health sciences, business services, aerospace and international trade.

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES NEW DEVELOPMENTS

SAUGUS STATION INDUSTRIAL NEEDHAM RANCH MASTER’S COLLEGE DISNEY AT THE RANCH – ABC STUDIOS Description: 43 Acres of Industrial Description: 4.2mm SF Description: 10 Year Plan to Description: 58 Acres of Studio Space and and Office Flex (Industrial/Commercial) add 42 Residential Apartments Corporate Offices Status: Approved and in Entitlements. Status: 4.2mm SF and 250,000 SF of Status: In Process of Project Approval Rough Grading Completed (Industrial/Commercial) Educational Buildings Status: Approved

LUXEN HOTEL VISTA CANYON Description: 42 Rooms Description: 1,110 Residential Units, and over Status: Under Construction 950,000 SF of Corporate Office and Industrial Status: Under Construction

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES Westfield Valencia Town Center Valencia Country Club

Fitness Centers Burger Cuisine Starbucks Coffee Mexican Cuisine

Super Markets & Grocery Stores Asian Cuisine Restaurant Bars & Pubs

AREA RETAILERS

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES Santa Clarita Valley International School SITE

Valencia High School Saugus High School

Newhall Ranch Rd

5 Canyon High School

Bouquet Cyn Rd

126 Jereann Bowman ENTRADA GATEWAY CENTER Valencia High School 75 Acres of Mixed Use Development: Country Club Office, Retail and Residential Condos Soledad Cyn Rd 9 Million SF Of Business Development

NEWWHALL RANCH ENTRADA DEVELOPMENT 12,000 Acres; 21,000 Homes 1,600 Residential Units Golden Valley High School

Golden Valley Rd

West Ranch High Railroad Ave School TPC Valencia Golf Course

14

Lyons Ave Vista Valencia Golf Course W S Hart Union 5 High School

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES DEMOGRAPHICS

1 Mile 3 Mile 5 Mile Population Estimated Population (2017) 4,048 65,239 152,891 Projected Population (2022) 4,155 66,906 156,879 Census Population (2010) 2,580 60,091 144,198 Households Estimated Households (2017) 1,364 20,229 49,684 Projected Households (2022) 1,418 21,058 51,693 Census Households (2010) 895 18,387 46,318 Census Households (2000) - 11,344 32,045 Projected Annual Growth (2017-2022) 54 830 2,009 Historical Annual Change (2000-2017) 1,364 8,885 17,639 Household Income Estimated Average Household Income (2017) $130,742 $129,865 $126,701 Projected Average Household Income (2022) $169,832 $163,642 $159,211 Census Average Household Income (2010) $112,509 $107,781 $107,428 Census Average Household Income (2000) - $92,176 $89,802 Projected Annual Change (2017-2022) $39,089 $33,777 $32,510 Historical Annual Change (2000-2017) $130,742 $37,689 $36,899 Estimated Median Household Income (2017) $120,359 $114,377 $111,517 Projected Median Household Income (2022) $140,866 $132,893 $129,288 Census Median Household Income (2010) $87,581 $93,267 $93,176 Census Median Household Income (2000) - $79,034 $78,550 Projected Annual Change (2017-2022) $20,507 $18,516 $17,771 Historical Annual Change (2000-2017) $120,359 $35,343 $32,967 Race and Ethnicity Total Population (2017) 4,048 65,239 152,891 White (2017) 2,320 40,744 102,332 Black or African American (2017) 307 4,661 7,959 American Indian or Alaska Native (2017) 12 229 689 Asian (2017) 975 9,565 20,525 Hawaiian or Pacific Islander (2017) 9 88 208 Other Race (2017) 158 6,798 13,681 Two or More Races (2017) 267 3,154 7,496 Daytime Demographics (2017) Total Businesses 606 3,928 6,458 Total Employees 6,414 51,041 76,413 Company Headquarter Businesses 5 27 35 Company Headquarter Employees 513 3,868 5,186 Employee Population per Business 10.6 to 1 13.0 to 1 11.8 to 1 Residential Population per Business 6.7 to 1 16.6 to 1 23.7 to 1 Adj. Daytime Demographics Age 16 Years + 7,224 71,986 121,089

NAI CAPITAL 28141 KELLY JOHNSON PARKWAY | ± 13.47 ACRES PRIMARY CONTACTS

Yair Haimoff, SIOR Matt Sreden Andrew Ghassemi Executive Managing Director Senior Associate Senior Associate 818.203.5429 818.742.1660 661.705.3039 [email protected] [email protected] [email protected] CA BRE Lic #01414758 CA BRE Lic #01907628 CA BRE Lic #01963548

27451 Tourney Rd., Suite 200 Valencia, CA 91355

No warranty, express or implied, is made as to the accuracy of the information contained herein. this information is submitted subject to errors, omissions, change of price, rental or other conditions, with- drawal without notice, and is subject to any special listing conditions imposed by our principals. cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. NAI Capital CA BRE #01990696