DOWNTOWN LAS VEGAS Prime Multi-Family Investment Opportunity 505-515 S

DOWNTOWN LAS VEGAS Prime Multi-Family Investment Opportunity 505-515 S. 13th Street, Las Vegas, NV 89101 | Palm Garden Apartments

• PRIME MULTI-FAMILY INVESTMENT • BELOW MARKET ASKING PSF OPPORTUNITY • LOCATED IN A QUALIFIED • 52 VERY SPACIOUS APARTMENT UNITS OPPORTUNITY ZONE • BELOW MARKET RENTS CommercialSun Real Estate, Inc.

Sun Commercial Real Estate, Inc., 6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148 702 | 968 | 7300 Phone • 702 | 968 | 7301 Fax • www.SunCommercialRE.com Confidentiality & Disclosure

SUN COMMERCIAL REAL ESTATE, INC. (the “Broker”) has been retained on an exclusive basis to market the property described herein (the “Property”). Broker has been authorized by the Seller of the Property (the “Seller”) to prepare and distribute the enclosed information (the “Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.

The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.

Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.

PROPERTY WALK-THROUGHS ARE TO BE CONDUCTED BY APPOINTMENT ONLY. ACCESS IS LIMITED AND SECURED. CONTACT BROKER FOR ADDITIONAL INFORMATION.

Anders Graciano Senior Associate (702) 968-7336 [email protected] NV Lic # S0179938.LLC

The information contained herein was obtained from sources believed reliable, however, Sun Commercial Real Estate, Inc. any of its agents or employees make no guaranty, warranty or representation as to the completeness and/or accuracy thereof, inclusive of any current and future projected returns. Anyone utilizing this analysis does so at their own risk and agrees to hold Sun Commercial Real Estate, Inc., its agents and employees harmless. The presentation of this property is subject to error, omissions change of price or conditions prior to sale, or withdrawal without notice.

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 2 Table of Contents

Property Highlights Section 1 Property Summary & Investment Highlights Contact: Property Overview

Property Location Section 2 Aerial - Looking West Surrounding Aerial Property Photos Assessor Parcel Map Opportunity Zone Anders Graciano Senior Associate Las Vegas Overview Section 3 (702) 968-7336 [email protected] Las Vegas New Developments NV Lic # S0179938.LLC Nevada Business Advantages

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 3 Property Summary & Investment Highlights

PROPERTY SUMMARY INVESTMENT HIGHLIGHTS

Very well maintained 52 unit apartment complex located in • Unique Multi-Family Investment Opportunity a quaint, established Downtown Las Vegas neighborhood • VERY Spacious Updated Apartment Units; ±400 SF larger surrounded by updated townhome complexes. The surrounding than the average unit sold in the area area offers plenty of employment opportunities, shopping and dining experiences. Compared to the apartment complexes • Easy access to area amenities and Demand Generators in the area, these 52 units are very spacious and 34 of them including Las Vegas “Strip”, Downtown Fremont Street uniquely in 2 stories similar to town homes. The inner courtyard Experience, and the Charleston/I-15 Freeway Interchange is a little oasis featuring both a pool and barbecue grill and the • Very Well Maintained Property and Neighborhood property furthermore offers on-site laundry facilities, paid parking in the back and plenty of street parking in the front. The property • Located in a Qualified Opportunity Zone is located within walking distance from public transportation and just a 5-7 minute drive from the Charleston/I-15 interchange, and • Asking price PSF is significantly below average sold price PSF for the area the Charleston/I-515 interchange.

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 4 Property Overview

Price: $5,200,000

Price / Unit: $100,000 Price / SF: $93.10 *Average area sold comps PSF: $122.09 Units: 52 Average Unit SF: ±1,074 *Area sold comps average SF: ±593 Proforma Average Rent: $793

Net Rentable Area: ±55,850

Year Built: 1963

Acreage: 1.0

Zoning: R-4

Opportunity Zone: Yes

APN: 139-34-811-055

Proforma Occupancy: 92%

Proforma Gross Income: $595,723

Proforma NOI: $343,352

Proforma CAP Rate: 6.6%

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 5 Property Overview

UNIT MIX

# OF UNITS UNIT TYPE SIZE ACTUAL RENT ACTUAL RENT / SF 2 1 x 1 SM 750 $715 $0.95 2 1 x 1 LG 1,000 $749 $0.80 3 2 x 1 1,150 $825 $0.72 34 2 x 1.5 (2 Story) 1,050 $825 $0.79 11 2 x 2 1,200 $850 $0.71

DEMOGRAPHICS

POPULATION AVG. HOUSEHOLD INCOME HOUSEHOLDS 1 MILE 14,256 $7 7,73 3 6,475 3 MILES 183,802 $52,547 68,713 5 MILES 512,567 $53,618 181,272

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 6 Aerial - Looking West

World Market Center Las Las Vegas Vegas North Premium Outlets

Fremont Street Experience Clark County Government Center

FREMONT STREET E. BONNEVILLE AVENUE

LEWIS AVENUE E. BRIDGER AVENUE E. CLARK AVENUE

GASS AVENUE

E. CHARLESTON BOULEVARD

S. MARYLAND PARKWAY

S. 13TH STREET

S. MARYLAND PARKWAY SUBJECT PROPERTY

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 7 Surrounding Aerial

Downtown Las Vegas Fremont Street

Clark County Las Vegas Government North Premium Center Outlets

SUBJECT PROPERTY

E. CHARLESTON BOULEVARD Arts District Las Vegas

The Strat S. LAS VEGAS BOULEVARD SITE

E. SAHARA AVENUE

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 8 Property Photos

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 9 Property Photos

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 10 Property Photos

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 11 Property Photos

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 12 Assessor Parecel Map

This map is for assessment use only and does NOT represent a survey. ASSESSOR'S PARCELS - CLARK COUNTY, NV. MAP SEC. S 2 SE 4 BOOK T20S R61E 34 139-34-8 This map is for assessment use only and does NOT represent a survey. ASSESSOR'S BrianaPARCELS Johnson - CLARK - Assessor COUNTY, NV. MAP SEC. S 2 SE 4 No liability is assumed for the accuracy of the data deliniated herein. BOOK T20S R61E 34 8 4 8 4 139-34-8 125 124 123 6 5 4 3 2 1 Information on roads and other non-assessed parcels may be obtained PARCEL BOUNDARYBriana JohnsonCONDOMINIUM - Assessor UNIT 001 ROAD PARCEL NUMBER No liability is assumed for the accuracy of the data deliniated herein. 8 4 8 4 SUB BOUNDARY PARCEL NUMER 7 8 9 10 11 12 5 1 5 1 from the Road Document Listing in the Assessor's Office. PARCEL BOUNDARY CONDOMINIUMAIR SPACE PCLUNIT 001ROAD PARCEL NUMBER 125 124 123 6 5 4 3 2 1 Information on roads and other non-assessed parcels may be obtained PM/LD BOUNDARY 001 138 139 140 1.00 ACREAGE 18 17 16 15 14 13 5 1 SUB BOUNDARY RIGHT OF WAY PCL 001 PARCEL NUMER 121110987 1 5 from the Road Document Listing in the Assessor's Office. ROAD EASEMENT AIR SPACE PCL 138 139 140 6 2 6 2 PM/LD BOUNDARY ACREAGE 19 20 21 22 23 24 This map is compiled from official records, including surveys and deeds, RIGHTSUB-SURFACE OF WAY PCL PCL 1.00 PARCEL SUB/SEQ NUMBER 18 17 16 15 1314 ROADMATCH EASEMENT / LEADER LINE 202 6 2 6 2 butThis only map contains is compiled the information from official required records, for including assessment. surveys See and thedeeds, q PB 24-45PARCELPLAT SUB/SEQ RECORDING NUMBER NUMBER 163 161162 19 30 2923222120 2824 27 26 25 7 3 7 3 MATCHHISTORIC / LEADER LOT LINE SUB-SURFACE PCL 202 30 29 2831 2732 263325 34 35 36 NOTES recorded documents for more detailed legal information. 7 3 but only contains the information required for assessment. See the q HISTORIC SUB BOUNDARY PB 24-45 PLATBLOCK RECORDING NUMBER NUMBER 163 161162 3 7 HISTORIC LOT LINE 176 177 178 8 4 8 4 USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL 5 31 3635343332 NOTES recorded documents for more detailed legal information. HISTORICHISTORIC SUB PM/LD BOUNDARY BOUNDARY 5 BLOCK5 LOT NUMBER NUMBER 176 177 178 8 4 8 4

USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL MAP LEGEND SECTION LINE 5 1 5 1 0 100 200 400 600 800 HISTORIC PM/LD BOUNDARY 5 GL5LOT NUMBERGOV. LOT NUMBER Scale: 1" = 200' Rev: 1/8/2019

MAP LEGEND 5 51 1 0 100 200 400 600 800 SECTION LINE GL5 GOV. LOT NUMBER Scale: 1" = 200' Rev: 1/8/2019

007 130 25 19 15 27 140 16 8 32 0 1 5 50 021 1 10 043 15.08 18 140 29 9 PB 1-35 007 130 18 26 124 01225 ST 19 25 15 27 140 8RYLAND PKWY 31 25 80 15 16 30 015 32 115.08 6 50 021 1110 10 5 29 043 701 19 80 10 4 10 18 140 PB 1-35 29 1718 2526 20 124 012 25 9 11 25 25 098 30 31 25 020 80 15 30 31 015 50 140 1211 10 046 008 6 7 80 120 9 1 83.4 80 701 19 20 80 10 4 29 17 2425 125.19 20 140 25 V MA 11 5 25 25 32 80 25 A 25 29 30 25 140 F 098 C 32 11 020 044 140 31 50 2 83.4 140 80 5 1312 046 0080.48 7 8 20 21 80 2 120 9 1 51.3 015 2324 125.19 5 V 00 MARYLAND11 PKWY12 5 25 32 E 25 140 25 140 29 IXTH 20 25 25 31 80 E5 140 A 1 072 140 1 F C 1 06 32 045 2 145 13 044 045 PM 140 8 9 51.3 20 2223 0.48 21 22 20 140 05 12 S PB 1-13 015 150.2 25 E5 002 0 25 :1 13 140 25 20 25 3130 057 E5 140 1 2 25 072 045 1 9 10 027 1 026 70 045 20 1514 2122 7 PM116-24 80 23 140 05 028 SIXTH ST PB 1-13 14 150.2 29 80 22 : 13 14 25 25 30 057 25 002 25 12 401 25 222 140 10 027 2 3 70 VA 80 40 1615 019 78 11 028 20 25 3 140018 2021 116-24 29 80 80 23 24 C 14 15 1314 25 28 2 401 140 222 140 055 25 160 3 VA 0 80 005 019 11 026 4 0 25 3 40 16 018 20 89 1 12 20 C 1 046 4 3 13 001 140 19 28 056 16 24 25 029 2 17 06 15 16 140 50 002 055 27 25 140 003 0 140 0 25 9 160 12 026 4 5 01 5:1 9005 4 001 19 020 10 16 1 2 13 17 0 2 16 046 VAC 625154 0.8 221 3 20 18 EIGHTH ST 056 25 029 6 7 50 25 002 10 27 140 003 26 140 180 0 035 5 3 020 054 26 5 5:1 9 0.8 033 EIGHTH10 ST 2 3 13 025 6 2044 VACLEWIS 625154 AVE 250 29 221 10 801140 1020 1718 11 26 14 26 27 18 19 70 035 5 011 3 054 25 20 004 139.98 030 6 27 033 057 3 025 6 7 044 LEWIS AVE 250 29 10 801140 17 140021 1112 4 29 14 15 27 19 6 011 2524 20 004 139.9828 030 20 27 0.16 140 140 057 29 25 7 25 220 7 9 021 12 053 4 50 15 043 13 24 5 111 16 28 024 8 20 0.16 100 089 1 25 031 25 7 26 9 140 053 23 50 29 04321 220 8 001 25 13 5 31 16 005 024 8 268 29 003 100 14 23 6 089 1 111 140 29 0319 21 140 8 25 001 25 22 058 31 25 2 005 30 50.01 22 9 8 29 003 14 052 6 30 140 9 042 296.16140 7 0.32 15 22 7 25 2 25 50.01 10 22 9 25 004 25 052 058 30 001 30 042 219 10 21 29 25 15 31 23 296.16 24 7 0.32 32 2515 7 3 10 219 10 PB004 1-51 5 25 140 16 21 8 29 001 15 31 023 11 2316 7 24 32 25 20 3 032 044 11 23 6 PB 1-51 5 31 140 16 051 8 28 02332 11 16 24 041 7 801 140 20 25 032 044 006 059 9 4 50 11 23 6 6 31 022 051 28 32 140 12 24 041 THIRTEENTH ST 801 140 19 25 1 12 059 9 27 4 23 25 50 5 6 30 006 140 25 12 THIRTEENTH ST 218 12 22 005 7 015 022 19 10 27 23 1 140 25 040 8 5 30 18 088 5 140 25 13 21813 22 005 7 015 29 16 10 088 26 0905 2 13 033 26 064 801 040 8 25 16 18 21 8 11 090 2 15 13 29 2625 03314 26 064 801 223 25 023 17 6 3 PIONEER HEIGHTS 15 14 21 8 28 060 11 25 25 14 217 20 WARDIE 014 023 17 6 25 3 PIONEER HEIGHTS 27 VAC 20040512:02469 140 217 14 223 25 9 28 060140 12 1925 20 WARDIE 014 25 4 15 27 VAC 20040512:02469 140 15 ADD 25 9 27 140 12 19 24 15 409.74 010 7 4 28 409.74 010 15 19 ADD 10 27 140 001 13 24 1400917 17 25 28 038 57.39 410 140 19224 PB 1-13 10 024 140 001 13 091 5 17 25 16 034 038 57.39 16 224 PB 1-13 013 26 024 25 087 23140 5 140 16 034 29 1.83 410 1620 18 11 26 801 25 14087 23 8 18 140 1.83 20 013 014 8 18 140 29 50 25 18 11 8013 14 6 014 22 50 140 25 25 3 6 19 225 12 50 15 22 022 30 140 1 25 50 092 19 022 25 PB 1-35 30 1 136.3 225 12 11 025 4 25 15 9 7 006 0.16 21092 006 25 PB 1-35 L=212.86 136.3 11 24 025 4 25 25 9 7 006 012 0.16 32 21 006 20 80 31 L=212.86 012 24 049 32 25 16 20 SUBJECT80 20 3 13 25 31 037 140 20 3 13 5 049 140 16 8 25 037 811 155.47 LADDS ADDITION 5 20 10 CLARK AVE 121.93 23 086 8 8 811 155.47 LADDS ADDITION 31 140 20 10 21 CLARK AVE 121.93 17 14 23 31 140086 21 8 32 50 17 14 026 6 061 9 021 17 25 32 50 2 22 026 6 061 19 9 9 021 17 PROPERTY25 1 140 2 1 011011 22 30 19 9 22 1 140 140 301.03 007 1 15 048048 30 22 25 140 301.03 007 15 7 25 10 25 50 SEVENTH ST 21 25 18 10 2 005 65.16 50 SEVENTH25 ST 21 7 029 18 23 2 036 005036 65.16 80 25 10 29 029 093 23 15 25 3 75 80 16 10 29 25 093 15 25 25 3 PIONEER 75 16 25 11 22 20 027 8 11 22 020 10 25 PIONEER 130 20 027 8 15 17 020 10 3 130 140010 15 062062 VAC VAC890721:52617 890721:5269 3 140010 9 75.52 122 PTPT 28 28 24 24 25 192.26 192.2675.52 75.52133.06 122 1 1 140 140 12 25 75.52133.06 008 008 HEIGHTS 032032 99 12 27 HEIGHTS50 25 4 004 27 50 028 1919 25 4 004 028 80 80 25 25 22 61.37 28 13 22 17 17 61.37 RUE 13 RUE 13 28 PB 1-35 PB 1-35 028 13 3 401005 18 028 2 2 3 5 107.98 29 4 401005 18 115 5 140 107.98 29 4 1010 115 019 019 140 25 25 26 140140 043043 119 007 26 25 25 25 045 119 007 18 18 5 140 140 25 25 E 25 045 E E5 E 65 65 3 3 14 14 11 11 0.240.24 1717 1111 801801 27 27 6 6 VAC78.63 778:625154VAC78.63 778:625154 25 25 19 19 140140029 2525 15 15 2 2 008008 4 4 25 25 4 4 7 7 25 25 3031 3031 1212 139.99 044 044 140 140 28 048 048 051 051 5 5 140140 139.99 32 14032 140 28 20 20 20 104.55009 104.55 139.99139.99044044 018 01821 21 20 009 227227 2929 5 5140.04118140.04118 16 16 8 8 161 32161 32 3 3 13 12 13 12 1401400.370.37 007 007 120008120008 25 25 15 23 31 29 139.9529 25 25 21 21 62.5 62.5 15 23 25 31 139.95 25 R=20 20 9090 140140 6 R=20 008 008 9 9 4 4 2828 20 6 11 006 005 11 14 92.5 6 006 005 25 30 25 14 92.5 801 25 22 30 30094094 30 21 25 010 6 801 22 2221 1 25 010 7 017 22 127.41 1 127.41 5 25 13 27 25 7 017 10 035 5 13 27 25 10 035 4 75 31 4 0.24 75 26 041 0.320.32 21 065 083083 29 31 110 25 VAC 778:625154 VAC 778:625154 0.24 26 041 29 23 2 25 140140 140140 21 065 BONNEVILLEBONNEVILLE AVE AVE 11 23 2 110 6 016 228228 26 8 57.02 11 6 016 26 5 5 25 130 8 28 32 57.02 24 18 25 130 100 20 28 034 32 24 3 053 18 100 20 034 7 3 20 053 2525 030 9 095 R=20 140016 7 12 12 20 7 7 14 14 6 030 9 095 R=20 14001625 6 007 24 801 19 27 25 4 007 24 801 19 27 25 4 25 25 25 015 066 10 1 97.67 ELEVENTH13 ST 036 17 25 8 PB 1-2 015 24 7 SOUTH 18 066 082 11 97.67 25 ELEVENTH13 ST 036 140 17 1825 PB 1-2 10 140 8 24 7 SOUTH 23 WARDIE ADD 18 082 26 1 25 26 5 105.19 18 23 26 25 80 26 054 105.19 25 33 5 LADDS 15 23 ADD 25 096 2 25 80 14 18 054 25 33 031 11 LADDS 15 8 ADD 25 096 2 14 18 23 8 22 031 010 17 11 20 25 2 2 20 27 6 ADD PB 1-51 22 010 17 25 20 27 6 19 ADD145014 140 20 3 25 22 25 PB 1-51 067 12 15 145 3 19 25 012 014 22 25 9 140067 12 25 15 21 24 17 28 7 25 012 9 1 081 25 21 21 3 13 24 4 3 14017 28 7 20 PT16 243 006 032 130 081 3 80 16 25 VAC 2043:2002564 20 58 10 13 4 140 50 PT16 21 10 243 006 20 032 0 PB 1-13 23 097 120 80 14016 29 VAC 2043:2002564 009 8 58 120 18 8 21 013 50 20 1220 115 PB 1-13 14 23 097 5 4 140 29 009 24 18 21 25 013 20 11 PB 1-131219 115 14 22 5 4 19 30 9 87 11 PB 1-13 031 080 24015 22 1 25 PT16 PT 19 033 801 031 NINTH 15ST 080 22 6 19 30 049 9 22 140 1 87 PT16 12 242 PT10 18 801007 25 NINTH 15ST 21 6 5 015 10 049 140 35 033 25 31 2 12 242 007 3225 5 20 23 35 10 18 140 21 25 10 13 32 026 25 098 7 20 31 20 23 2 125 140 16 25 11 17 0.4 31 026 20 098 7 140 6 21 50 32 3 80 13 12PT 16139.92079 014 25 2420 17 140 125 20 8 6 140 140 32 11 PT 0.4 31 140 21 50 25 24 3 80 14 1210 6 068 139.92079 19 8 014 140 140 12 4 CLARK AVE 14 10 16 034 6 140 30 068 22 25 140 CLARK AVE 25 241 19 9 12 4 15 PT 16 034 7 30 810 099 112 23 22 1 R=30 13 25 5 (1) 14 25 241 15 29 042 18 099 9 045 80 26 0 012 140 10 7 810 112 013 50 R=30MARYLAND PKWY 050 15 PT 041 VAC 20020509:1844GARCES AVE 10 23 1 30 046 13 5 (1) 25 PB 1-35 16 25 15 29 042 18 045 80 14 26 050 012 140 10 50 041 VAC 20020509:1844GARCES AVE17 24 013 01150 MARYLAND PKWY 27 6 PT 14 28 069 25 10 30 046 (18) PB 1-35 16 2515 240 50 25 111 25 14 6 10 1 17139.92100 24 011 012 003 27 50 PT 10 14 28 069 2 100 15 7 (18) 15 035 240 10 13 27 25 140 139.92R=25 111 25 012 50 PT14 25 28 (19) 801 1 100 012 003 011 50 10 035 009 2 140 2 100 15 7 25 140 R=25 801 22 25 PT14 28 8 33 13 10801 27 140 TENTH ST 23 012 010 50 16 055 (19)011 80 26 29 20 12 140 009 2 012 26 140 2 115 14 33 25 10 3 801 23 22 010 16 8 05519 0.49 0.16 PM 122-17 50 80 20 12 11 26 VAC 20020509:1844 011 TENTH ST 012 21 26 29 9 1 11 25 078 50 2 115 30 PM 67-25 0.4914 140036 039 3 140 (21) 19 81.14 0.16 14 0.24 27 PM 122-17 50 011 813 100 25 4 011 21 9 1 1211 070 078 25 VAC 20020509:1844 20 10 PM 67-25 11 25 75 50 31 30 140036 EIGHTH ST 039 24 140 0.24 3 013 (22) (21) 2 81.14 32 25 14 27 011 20 25 1 813 100 25 140 25 4 68.81 PB 1-51 12 070 5 25 140 20 009 VAC 1700:1659545 10 25 24 077 15 109 1975 28 010 3 32 31 11 15 2 EIGHTH13 ST 013150 (22) 140 1225 23 31 32 25 20 1 25 1 68.81 5 140 140 009 0.41 140 25VAC 1700:1659545 (23) 25 PB 1-51 13 038 14 6 15 19 28 010 49.13 11 15 80 13 077 040 109 013 130 150 140 32 12 1214 23 30 31101 030 29 4 1 18 239 22 140 116 0.41 140 25 (23) 1 2513 14 1 49.13 7 80 14 038 071 7 6 040 18 013 130 140 THIRTEENTH ST 12 PB 1-2 33 027 15 076 30 101 030 17 29 160 20 704 13 18 239 1 2122 29 116 25 19 (25) 2 80 25 30 25 7 130.04 071 8 7 20 18 49.12 1 THIRTEENTH ST PB 1-2 33 027 15 076 17 160 20 70 14 13 3 16 2021 28 29 16 25 (26)19 (25) 2 80 009 2 25 060 130.04 016 037 102 20 30 49.12 40 25 125.61 E5 140 072 9 8 25 1 31 15 14 34 34 16 140 16 (26) 20 28 15 (27) 016 037 19 075 27 13 009 215.26 2 40 056 25 2 060 R=20 102 25 801 20 0.7 125.61 PM 140 31 16 E5 072 25 9 21 12 1 84.07 15 34 45 10 2 140 32 (28) (27) 20 1819 075 26 27 13 108 215.26 66.32 7 15 056 R=20 074 103 801 1 20 140 0.7 2 PM 25 40 16 PM GASS AVE 25 140 21 12 84.07 3 25 32 5 65.01 26 10 6 3 2 (29) 6 18 25 108 66.32 (28) 118-8 073 26 20 20 17 074 103 42.96 1 507 50 VAC 47610 140 134.05 70 GASS AVE 140 140 19 4 25 107 40 3 057 67-25 PM 009 50 25 6 3 40 002 67 1065.01 26 24 25 104 (29) 112.72 118-8 073 20 17 20 50 50 25 134.05 25 42.9645.01 132.15 VAC 47610(30) 1 19 002 057 67-25 009 337.16 70 140 25 5 4 107 37.5 8 002 25 50 1 1.97 7 10 15 70 2324 104 40 015 (31) 20 140106 1 25 112.72 25 45.0178.45 . Ë5 814 132.15 40 (30) 1 VAC 250466 140 9 002 337.16 401 20 25 9 2 105 5 37.5 22 2 8 26 20 25 1 1.97 15 70 23 015 061 (31)063 002 140106 1 VAC 47610 33 78.45 . 5 003 40 11 Ë 814 135 VAC 250466 32.5 001 10 401 20 140 105 160 9 4 5 6 9 2 55.27 22 2 26 002 1 20 017 37.5 12 39 93.47 0610.35 063 0.38 002 139.34 40 33 003 004 003PT 2PT 2 VAC 47610 11 13 023 167672 VAC 10 32.5 017 11 003 001 135 125 001 42.5 14 46 001 160 4 5 6 55.27 0.98 172.01 12 002 87.06 1 017 37.5 15 39 VAC 412963 VAC 412963 93.47 VAC 412963 0.35 R=20 0.38 139.34 40 40 003 004 10 PT 2PT3 2 50 125 39.67 11 1 89-028017 13 003 1 3 4 5 023 130 014 167672 VAC 16 40 125 21 001 42.551 80 14 17 18 19 46 001 48.33 135.32 2 87.06 160.53 0.98055 172.01 3 4 5 6 8 10 11 20 038 018 VAC 412963 R=20 20 7 139 15 40 VAC 412963 10 VAC 412963 020 3 50 125 39.67 R=10 5 014 019 152.4 5 5 1 89-028 16 40 1 21 3 4 037 039 019 130 PB 2-89 021 021 51 80 17 18 19 48.33 135.32 PB 4-6 026 055 3 4 5 6 7 8 9 10 11 024 C 20 813 038 012 018 MARYLAND TRACT NO 1 2 160.53025 20 13 PB 1-116 020

50 022 R=10 5 MARYLAND TRACT NO 2 019 152.4 5 5 RESUB WARDIE021 021 ADDITION 812 037 039E5 019 PB 2-89 >E 026 024 C 5 813 PB 4-6 012 MARYLAND TRACT NO 1 025

E PB 1-116 CHARLESTON BLVD 50

50 022 E5> MARYLAND TRACT NO 2 023 " 50 >E5

40 50 002 002 RESUB013 014 WARDIE015 028016 ADDITION017 018 019 020 024 021812 005 PB 2-63 E5 003 PB 2-63 HUNTRIDGE SUBDIVISION TRACTS 1,2 & 3 AMD 012 0225 65 66.8

E 50 CHARLESTON BLVD 51.2 200 60 60 60 60 65 65 10 50 5 10 " 218.98 20 E> 0 0 40 10 60 023

4 5 R=24002 012 013013 01460015 60028 60016 60 01760 018 6001960 020 79.62024021 80 50 60 005 PB 2-63 55 003 PB 2-63 HUNTRIDGE SUBDIVISIONVAC 126:412963TRACTS 1,2 & 3 AMD 01292.1 002 034 R=20 021 R=20022 VAC 412963 20 VAC 412963 VAC 126:412963 51.2 200 60 60 60 60 65 65 65 66.8 10

10 218.98 20

66 40 10 30 30 60 012 65 013 VEGA60 60 VERDE 60 60ADDITION60 60 60 79.62090021 80 50 60 55 R=24 VAC 126:412963 92.1 034 R=20 1 R=20 VAC 412963 20 VAC 412963 VAC 126:412963 007

46.63

66 30 30 65 090 VEGA VERDE ADDITION 1 007 46.63 TAX DIST 203 OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITYTAX DIST 203 13 MARYLAND PKWY MARYLAND MARYLAND PKWY MARYLAND Las Vegas Overview

WHY LAS VEGAS? CHOOSE LAS VEGAS

#1 State in the West With a probusiness environment, low cost of living and high quality of life, Nevada ranks as the top state to do business in the western U.S. #1 Trade Show 147,238 Hotel Destination Rooms in 2018 Trade Show News Network Las Vegas Convention and Visitors Authority Most Entrepreneur-Friendly State According to a 2017 review by the nonpartisan SBE Council, Nevada ranked number one as the most friendly state for entrepreneurs.

42,116,800 Million Top State for Visitors in 2018 Economic Growth Potential Las Vegas Convention and Visitors Authority Business Facilities (2018) Reach 60 Million Customers Strategically located within a one day drive of 10 major U.S. cities and Mexico. That is in reach of 60 million potential customers.

Most Secure Area in U.S. 2nd Busiest Origination & Best Economic Health According to FEMA, southern Nevada is the least Destination Airport in U.S. Ranking in the U.S. likely region in the United States to experience a McCarran Airport Annual Report (2017) Forbes American Dream Index (2017) natural disaster.

Source: Las Vegas Global Economic Alliance

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 14 Las Vegas Overview (con’t)

POPULATION

UNITED STATES 2018 Total Population 2023 Total Population 330,088,668 343,954,683 2018 Median Age 2023 Median Age 38.3 39.0

NEVADA 2018 Total Population 2023 Total Population 3,025,735 3,273,446 2018 Median Age 2023 Median Age 37.5 37.7

CLARK COUNTY, NV 2018 Total Population 2023 Total Population 2,209,677 2,410,174 2018 Median Age 2023 Median Age 36.8 36.9

Source: (STDB) Site To Do Business

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 15 Las Vegas Overview (con’t)

2018 TOP EMPLOYERS

50,000+ 27,000 14,000 12,000 Employees Employees Employees Employees Hotel-Casino Hotel-Casino Hotel-Casino Hotel-Casino

11,600 7,188 5,099 Employees Employees Employees Hotel-Casino Health Care Health Care

3,575 2,700 1,514 Employees Employees Financial Health Care Hotel-Casino Services

Source:Vegas Inc.

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 16 Las Vegas Overview (con’t)

FUTURE SPORTS CAPITAL OF THE WORLD Raiders Stadium - $1.9 Billion Raiders Corporate Headquarters 62-acres west of the Strip | Debut 2020 320,000 SF Practice Facility | Debut Spring 2020

T-Mobile Arena - Home to the Vegas Golden Knights Las Vegas Ballpark - $150 Million Highest grossing arena in the world | 20,000 Seating Capacity 10,000 Seating Capacity | Debut April 2019

Vegas Golden Knights Practice Facility UFC Corporate Headquarters

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 17 Las Vegas Overview (con’t)

TRANSPORTATION & HIGHER EDUCATION

McCarran International Airport • 2018 welcomed 49.7 Million passengers - Record High • 2nd busiest origination & destination (O&D) airport in the U.S. (more travelers begin or end their trips in Las Vegas) • Ranked 8th busiest airport in North America in terms of passenger traffic - 2017 • Ranked 26th busiest airport worldwide in terms of passenger traffic - 2017 • Nominated the last seven (7) years in World Travel Awards

College of Southern Nevada (CSN) • Enrollment of approximately 33,900 • 7th largest community college in the United States • Largest and most ethnically diverse college in Nevada • Continuously accredited by the Northwest Commission on Colleges and Universities since 1975

University of Nevada - Las Vegas (UNLV) • Enrollment of over 30,450 with over 200 programs • The William F. Harrah College of Hotel Administration consistently ranks among the top hospitality programs in the country • William S. Boyd School of Law is ranked 59th of 194 accredited law schools in the U.S. & Boyd’s lawyering process program is ranked 1st in the nation for legal writing programs • UNLV School of Dental Medicine’s DDS program is accredited by the Commission on Dental Accreditation

UNLV School of Medicine • Full-scale, four-year medical school offering an MD program in emergency medicine, family medicine & pediatrics, surgery, and more. • Serves as the core infrastructure for the entire medical community • Project is estimated at over $230 Million (2022 Completion) • Project consists of two buildings over 230,000 square feet on 9.11 acres

www.unlv.edu/medicine

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 18 Nevada Business Advantages

NEVADA BUSINESS ADVANTAGES

LOW COST OF DOING BUSINESS: NEVADA HAS: The combination of our zero inventory tax, a rich • An abundance of economical commercial EXCELLENT TAX ADVANTAGES: transportation infrastructure, and the geographic real estate location of the state’s two largest urban centers • Competitive utility rates for commercial NO Personal Income Tax are prime reasons that top brands like Amazon, operations Wal-Mart, Levi Strauss & Co., Barnes & Noble, Ur- ban Outfitters, and others choose Nevada to stage • Low-cost startup, regulatory, licensing and Corporate Income Tax their warehousing and distribution strategies. annual fees NO • Proximity to West Coast/California markets Collectively, the cities of Las Vegas, Reno, Sparks, and businesses, reducing shipping and storage NO Unitary Tax Carson City and surrounding towns are less than one costs day’s drive over arterial interstate highways to nearly 60 million consumers as well as to the major U.S. • Excellent air cargo costs for shipping by air out NO Franchise Tax deep water seaports serving the Pacific Rim. Major of Nevada Union Pacific and Southern Pacific rail connections • Nevada business incentives in Las Vegas and Reno also, too, play an essential Inventory Tax 1. Tax abatements for job creation, capital NO role in carrying the world’s freight from the Pacific investment and intellectual property Coast to America’s Heartland and beyond. development NO Estate Tax Nevada offers a very competitive cost of doing 2. Workforce development training grants business and is attracting more and more compa- 3. Catalyst Fund to support new business or nies each day from higher-cost regions. NO Inheritance Tax expansion in state

Provided by:

www.diversifynevada.com

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 19 Nevada Business Advantages (con't)

MORE ON LOW COSTS OF DISTRIBUTION TO WEST as several important global centers in Europe, Asia and COAST MARKETS: Latin America. The combination of our zero inventory tax, a rich transportation infrastructure, and the geographic location MORE ON NEVADA’S TAX ADVANTAGES: NV State Population of the state’s urban centers are prime reasons that Nevada ranks a very favorable third in the Tax Founda- 3.03M top brands like Amazon, Wal-Mart, Levi Strauss & Co., tion’s 2012 Business Tax Climate Index, an independent 2018 Barnes & Noble, Urban Outfitters, and others choose ranking of states in five areas of taxation: corporate Nevada to stage their warehousing and distribution taxes; individual income taxes, sales taxes, unemploy- strategies. ment insurance taxes, and taxes on property, including residential and commercial property. Las Vegas is less than one day’s drive over arterial In- terstate highways to nearly 60 million consumers as well The Tax Climate Index comparison to neighboring states Employment as to the major U.S. deep water seaports serving the is significant: California ranks 48th, Arizona 27th, Idaho Pacific Rim. Major Union Pacific and Southern Pacific 21st, Oregon 13th and Utah 10th. 1.48M rail connections in Las Vegas play an essential role in JUL 2019 carrying the world’s freight from the Pacific Coast to In addition to the Tax Climate Index, Nevada ranks sec- America’s Heartland and beyond. ond in the nation for lowest state and local tax burden – an estimated 7.5% of income. Globally, McCarran International Airport in Las Vegas has been a Top 20 airport for more than five years, an- The state’s historically strong logistics and distribution nually serving more than 40 million and handling more business sector is as much a statement of tax policy – no Spending than 189 million pounds of cargo. More important, the Inventory Tax – as it is of the excellence of its air, rail and airport is served by nonstop flights to and from nearly highway arterial infrastructure and proximity to major $5.44B markets and ports. MAY 2019 all major metropolitan areas in the United States as well

Provided by:

www.diversifynevada.com

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 20 Las Vegas New Developments

$15.2 Billion in New 2 1 4 Capital 9 Investment 10 is Driving 3 Growth 8 5 6

1. Resorts World Las Vegas - $4.0 Billion 2. The Drew (Former Fontainebleau) - $3.0 Billion

• $4 billion Strip resort project with a heavy Asian theme began • The Drew is comprised of three hotels inclusive of 24 restaurants construction in 2017. and 95,000 square feet of gaming. • Resorts World, developed by the Genting Group, is being • The $3 billion hotel will have ±3,800 rooms and 500,000 square built at the former site of the Stardust and Echelon. feet of convention and meeting space. • Genting, which bought the site from Boyd in 2013 for $350 • This project is expected to create approximately 11,000 jobs million, will be using the partially constructed Echelon in Nevada, comprised of 3,500 construction jobs and 7,000 structures for this property. permanent jobs. • With a projected opening set for 2020, the initial phase will • Heavy construction should begin by July 2019 with a 2020 debut. have 3,100 rooms, a 100,000-square-foot casino, shops and restaurants spread across its 88-acre site.

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 21 Las Vegas New Developments (con't)

3. Las Vegas Stadium - $1.9 Billion 4. Convention Center Expansion - $1.4 Billion

• The Oakland Raiders will move to Las Vegas for the 2020 NFL • Las Vegas Convention Center will be renovated and season. expanded into a $1.4 billion Las Vegas Global Business District. • The groundbreaking ceremony took place in November 2017 • Planned in four phases, new facilities will replace the 26-acre for a new $1.9 billion stadium just west of the Strip. Riviera Hotel site, adding ±1.4 million square-feet of exhibit and • The venue’s horse-shoe shape, designed by Manica meeting space. Architecture, would accommodate 65,000 spectators, 8,000 • Phase Two of the project is projected to be completed in cars, tailgating amenities and mixed-use commercial facilities. 2020. • The design shows a retractable natural turf field. • Expected to draw an additional 600,000 visitors a year, drive • This venue would also allow Las Vegas to host the annual $2.1 billion in economic activity during construction and have Super Bowl. an annual economic impact of $810 million when finished. 5. Union Village - $1.2 Billion 6. Switch - $1 Billion

• Union Village will be the first Integrated Health Village in the • Switch is a globally recognized leader in future-proof data world, and is listed as the largest healthcare building project in center design, superscale cloud, unparalleled telecom the United States. gateways and energy sustainability. • The $1.2 billion dollar, 155-acre planned development not only • Its Southern Nevada expansion includes a $1 billion data covers healthcare, but retail, entertainment, and senior living storage site on 200 acres near its two existing data storage as well. facilities at South Jones Boulevard and the 215 Beltway. • Approximately 355,000 square feet have been completed, • Idea to link 50 million people within 14 milliseconds of data totaling $300 million in work, with another 476,000 square feet hosted at each of the company’s data hubs via a superloop to be under construction soon. of fiber optic cable connecting its Reno and Las Vegas supernaps sites, with a planned facilities in LA and SF.

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 22 Las Vegas New Developments (con't)

7. Project Neon - $1 Billion 8. Extreme Sports Park - $800 Million

• Project Neon is the largest public works project in Nevada • Josh Kearney’s $800M extreme sports park called The Edge history. received county approval in 2017. • $1 billion effort to redesign and widen Interstate 15 from the • 130-acre at the SEC of Las Vegas Boulevard and Sunset Road, U.S. Highway 95 interchange to Sahara Avenue by July 2019. adjacent to Town Square Las Vegas, a 1.2M SF class A open • Currently this road is the busiest stretch of highway in Nevada air shopping, dining, office and entertainment center. with 300,000 vehicles daily. Traffic through the corridor is • The Park is expected to have surfing/wake boarding/rock expected to double by 2035. climbing/mountain biking/indoor skydiving/bungee jumping/zip lines and a 15-story, 640 room hotel with a casino, convention space, restaurants and two rooftop pools. • Project will take approximately 2.5 years to complete.

9. Palms Renovation - $485 Million 10. Park MGM (Former Monte Carlo) - $450 Million

• Station Casinos will enhance nearly every feature of the resort • A transformation occurring in Las Vegas is the conversion of by investing $485 million in improvements. the Monte Carlo into two hotels: a 2,700-room luxury resort • Plans include redesigned/renovated hotel rooms, 60 new Park MGM and a 292-room hotel NoMad Las Vegas. hotel rooms, 29,000 square foot nightclub, new 73,000 square • This $450 million makeover is projected to be completed by foot pool club, several celebrity chef restaurants, new spa, the end of 2018. meeting/convention space, new covered parking spaces, • The new resort will feature two hotels, redesigned rooms, an refresh of the Pearl Theater, renovated casino floor, and a new Italian market Eataly with cafes, walk-up counters and dine-in front desk registration area to name a few. restaurants. • First phase underway and the second phase is expected to be • The properties will have amenities such as dining and casinos completed by early 2019. as well as a 5,300-seat theater at the Park MGM.

OFFERING MEMORANDUM: PRIME INVESTMENT OPPORTUNITY 23 Exclusively listed by:

Anders Graciano Senior Associate (702) 968-7336 [email protected] NV Lic # S0179938.LLC

6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148 • 702 | 968 | 7300 Ph • 702 | 968 | 7301 Fax • www.SunCommercialRE.com