Offering Memorandum 4780 Arville St, Located 1.5 Miles From The Raiders Stadium

Ryan Puliz Kevin Annis, SIOR, CCIM Emily Pate Associate Broker/Principal Business Coordinator 775.852.9800 [email protected] [email protected] [email protected] www.archcrestnv.com C: 775.544.5329 C: 775.742.2539 P: 775.852.9800 ArchCrest Commercial Partners  5560 Longley Lane, Suite 100, Reno, NV 89511  Fax: (775) 850-4251 The information contained herein was obtained from sources believed reliable; however, ArchCrest Commercial Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, emissions, change of price or terms prior to sale or lease, or withdrawal without notice. Table of Contents 4780 Arville St, Las Vegas

PROPERTY OVERVIEW 1

Property Description Property Location Property Photos Floor Plan

LOCATION OVERVIEW 2

RAiders Stadium Las Vegas Developments/Expansions Aerial

MARKET OVERVIEW 3

Las Vegas Industrial Review Area Demographics 4780 Arville St 1

OVERVIEW Property Description: 4780 Arville Street is a 44,000 square foot industrial building that includes 6,000 square feet of office PROPERTY space as well as an additional 6,000 square feet of mezzanine. The building sits on a three acre site with a highly desirable fenced yard. This concrete tilt-up warehouse offers four dock doors, two grade level doors, twenty foot clear height within.

Property Location: 4780 Arville Street provides an ideal location within the Southwest Industrial Submarket, the strongest industrial submarket in Las Vegas Valley. Located just over one mile from I-15, this site provides convenient and easy access to the 215 Beltway and I-15. Both the and the McCarran International Airport are located just over 2 miles east. With estimated completion in June 2020, the new Las Vegas Raiders stadium site, a 62 acre, $1.9 billion project, is just 1.5 miles to the south east. Las Vegas is located just 3 miles south of the site. This open-air shopping, dining, office, and entertainment center consists of over 100 acres and provides 355,000 square feet of Class A office space and 1,500,000 square feet of retail, including over 150 retailers and 13 restaurants. Property Summary Details

Building Square Footage: 44,000± SF, Includes 6,000 SF of office Gross Street Frontage: 330 Feet on Arville Street with additional 6,000 SF of mezzanine space Site Size - Acres: 3 Acres Clear Height: 20± Feet

Site Size - Square Footage: 130,680 SF Electrical: 208, 3-phase, 800 amps

Assessor Parcel Number: 162-19-801-010 Parking Stalls: 44 Stalls

Dock Doors: Four (4) Column Width x Depth: 44 Feet x 50 Feet

Grade Doors: Two (2) Construction: Concrete Tilt-Up

Zoning: M-1 Asking Price: $7,900,000

Property Photos 4780 Arville St 1

OVERVIEW

PROPERTY Floor Plan 4780 Arville St 1

OVERVIEW

PROPERTY RAiders Stadium - 1.5 Miles Away 4780 Arville St 2 After a 31-1 approval vote to move to Las Vegas, the Oakland Raiders closed on a 62- acre parcel adjacent to the Las Vegas Strip in March 2018. This site will be home to the Raiders new stadium, an estimated $1.9 billion project set to open in 2020. The project was

LOCATION unanimously recommended to the legislature OVERVIEW by an 11-member committee that included executives from six casino businesses that profit from legal sports gambling - Caesars Entertainment, Boyd Gaming, MGM Resorts International, Wynn Resorts, Las Vegas Sands Corporation, and Station Casinos.

A state-backed economic impact report shows a total economic output of $620 million, as well as $35 million in new tax dollars each year. Details from the report can be found below or clicking HERE.

Economic Summary

Annual Economic Impact (Output): $620 M Annual Incremental Visitors: 450,000 Annual Incremental Room Nights: 708,400 Construction Employment: 18,711 Permanent Jobs (Incremental): 5,982 Average Annual Wage of New Jobs: $38,500

Fiscal (Revenue) Summary

State General Fund Revenue: $12.5 M Local Government Revenue: $22.5 M Total Fiscal (Revenue) Impacts: $35.0 M Education Funding (State & Local): $13.4 M New Las Vegas Developments & Expansions 4780 Arville St 2

Las Vegas is number one in the world for conventions, hosting over 22,000 conventions a year. In September 2018, the Las Vegas Convention and Visitors Authority took the final steps to begin construction on the convention center expansion, a project that is expected to cost 4935 million. This Phase Two expansion project will add 1.4 million square feet to the current convention

LOCATION

OVERVIEW center facility, including at least 600,000 square feet of new, leasable exhibit space. Phase Three of the project will complete renovations on the existing 3.2 million square foot facility, with a projected completion date of 2023. The Expansion (Phase Two) and Renovation (Phase Three) are expected to support nearly 14,000 construction jobs and more than 7,800 full-time permanent jobs upon completion. The project will generate an additional $2.1 billion in economic activity during construction and upon completion will have an annual incremental economic impact of $810 million while attracting over 600,000 additional visitors each year. The Resorts World Las Vegas is being constructed on an 87-acre site located on the Las Vegas Strip. Construction began in March 2018 and is directed by architect Paul Curtis Steelman and Steelman Partners. The project is scheduled to open in 2020 and will have an Asian theme to the resort. This new resort will feature over 6,500 rooms and 175,000 square feet of gaming space. Operated by the Genting Group, this project is estimated to cost $3 billion. Las Vegas Aerials 4780 Arville St 2

LOCATION

OVERVIEW Las Vegas Market Overview Year-End 2018 4780 Arville St 3 Flex Market Source: CoStar Property Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Airport/E Las Vegas Ind 138 2,842,482 122,748 122,748 4.3% 163,539 0 0 $11.89 Central Las Vegas Ind 121 6,433,144 52,568 52,568 0.8% 7,681 0 0 $8.16 North Las Vegas Ind 164 2,142,522 108,327 110,745 5.2% (15,665) 0 0 $7.85 Northwest Las Vegas Ind 21 493,974 40,420 40,420 8.2% (9,790) 0 0 $12.76 Outlying NE Clark Cty Ind 4 54,735 0 0 0% 0 0 0 $0.00 Outlying S Clark Cnty Ind 10 67,842 5,300 5,300 7.8% (3,300) 0 0 $0.00 SE LV/Henderson Ind 95 1,195,873 82,479 82,479 6.9% (26,134) 0 0 $8.72 Speedway Ind 13 349,949 7,600 7,600 2.2% 22,734 0 0 $5.85

SW Las Vegas Ind 251 4,966,326 221,479 227,934 4.6% 318,068 0 146,200 $13.13 OVERVIEW West Las Vegas Ind 155 3,560,592 233,283 250,563 7.0% (2,564) 0 0 $10.82 MARKET Totals 972 22,107,439 874,204 900,357 4.1% 454,569 0 146,200 $11.19 Warehouse Market Statistics Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Airport/E Las Vegas Ind 369 12,802,445 332,139 351,130 2.7% 366,335 0 224,752 $8.60 Central Las Vegas Ind 373 7,094,806 180,673 180,673 2.5% 115,348 0 0 $8.52 North Las Vegas Ind 924 39,483,076 2,332,365 2,550,479 6.5% 1,839,792 1,912,095 2,459,114 $5.91 Northwest Las Vegas Ind 19 419,342 0 0 0% 2,512 0 0 $10.06 Outlying NE Clark Cty Ind 28 468,325 23,000 23,000 4.9% (21,400) 0 0 $0.00 Outlying S Clark Cnty Ind 85 582,610 50,601 50,601 8.7% (12,731) 0 0 $11.37 SE LV/Henderson Ind 462 16,499,374 353,548 542,798 3.3% 1,600,816 1,919,967 0 $6.98 Speedway Ind 52 3,815,090 436,737 457,749 12.0% 184,861 390,904 2,454,997 $5.84 SW Las Vegas Ind 769 25,420,965 568,582 578,581 2.3% 247,585 15,475 1,113,711 $8.24 West Las Vegas Ind 307 7,300,481 389,821 395,602 5.4% 222,670 0 0 $9.25 Totals 3,388 113,886,514 4,849,466 5,130,613 4.5% 4,545,788 3,510,441 6,272,574 $7.17 Total Industrial Market Statistics Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Airport/E Las Vegas Ind 507 15,644,927 454,887 473,878 3.0% 529,874 0 224,752 $9.52 Central Las Vegas Ind 494 13,527,950 233,241 233,241 1.7% 123,029 0 0 $8.47 North Las Vegas Ind 1,088 41,625,598 2,440,692 2,661,224 6.4% 1,824,127 1,912,095 2,459,114 $6.05 Northwest Las Vegas Ind 40 913,316 40,420 40,420 4.4% (7,278) 0 0 $11.57 Outlying NE Clark Cty Ind 32 523,060 23,000 23,000 4.4% (21,400) 0 0 $0.00 Outlying S Clark Cnty Ind 95 650,452 55,901 55,901 8.6% (16,031) 0 0 $11.37 SE LV/Henderson Ind 557 17,695,247 618,027 625,277 3.5% 1,574,682 1,919,967 0 $7.05 Speedway Ind 65 4,165,039 444,337 465,349 11.2% 207,595 390,904 2,454,997 $5.84 SW Las Vegas Ind 1,020 30,387,291 790,061 806,515 2.7% 565,653 15,475 1,279,911 $9.25 West Las Vegas Ind 462 10,861,073 623,104 646,165 5.9% 220,106 0 0 $9.78 Totals 4,360 135,993,953 5,723,670 6,030,970 4.4% 5,000,357 3,510,441 6,418,774 $7.73 Area Demographics 4780 Arville St 3

Population - 1 Mile Population - 3 Mile 16000 160000

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Traffic Summary Collection Street Cross Street Cross St Dist/Dir Traffic Volume Count Year Dist from Subject Wynn Rd Cannoli St 0.08 N 7,000 2017 0.21 W Tropicana Ave S Valley View Blvd 0.16 E 64,500 2017 0.35 Arville St W Harmon Ave 0.08 S 17,000 2017 0.44 S Decatur Blvd W Tropicana Ave 0.14 S 33,000 2017 0.53 S Valley View Blvd Graphic Center Dr 0.03 N 12,500 2017 0.54 W Tropicana Ave Procyon St 0.05 E 50,500 2017 0.57 W Tropicana Ave Edmond St 0.10 W 41,500 2017 0.68 W Hacienda Ave S Decatur Blvd 0.09 E 15,000 2016 0.90 S Valley View Blvd W Nevso Dr 0.04 S 7,000 2017 0.91 W Tropicana Ave Dr 0.04 W 63,250 2015 0.92