PASEO VERDE PKWY. Owner/Licensee CONTENTS

OFFERING MEMORANDUM

presented by:

TERRY HAMILTON, CCIM MELISSA CAMPANELLA, CCIM BRENDAN KEATING Vice President Vice President CEO 2460 702.954.4111 702.954.4112 702.954.4108 [email protected] [email protected] [email protected] PASEO VERDE PKWY. Owner/Licensee CONTENTS

1 EXECUTIVE SUMMARY

5 MAPS AND DEMOGRAPHICS

14 COMPARABLES

16 FINANCIAL SUMMARY

19 MARKET OVERVIEW

INVESTMENT TEAM TERRY HAMILTON, CCIM Vice President 702.954.4111 [email protected] Owner/Licensee

MELISSA CAMPANELLA, CCIM Vice President 702.954.4112 [email protected]

BRENDAN KEATING CEO 702.954.4108 [email protected] 1 EXECUTIVE SUMMARY

MAPS AND DEMOGRAPHICS

COMPARABLES

FINANCIAL SUMMARY

MARKET OVERVIEW 24602460 PASEO VERDE VERDE PKWY. PKWY. EXECUTIVE SUMMARY 2 PROPERTY OVERVIEW

The subject property is ideally located in the city of Henderson, NV (Las Vegas property consists of +/- 75,249 SF of single story ofice which was constructed MSA) within the 7,100 acre Green Valley Master Planned Community. Henderson in 2005 and is currently 100% occupied. Paciic Dental Services is the majority boasts some of the strongest demographics, high-end neighborhoods and golf tenant with 52% of the total square footage for their Regional Support Ofice courses in Las Vegas. Henderson has an ofice population of +/- 5,300,000 which provides space for their CEO, Corporate Real Estate Oficers, National Call SF and the area has always enjoyed excellent tenant demand. The property is Center, and Training Rooms. To date, Paciic Dental Services has 587 dental ofices located just south of the 215 beltway and west of The District at Green Valley throughout 17 states and continues to expand by adding 70+ ofices each year. Ranch, the irst Lifestyle Center in Southern Nevada anchored by Whole Foods, West Elm, and Cheesecake Factory with over +/- 250,000 SF of retail and over Credit Acceptance occupies +/- 31,087 SF which is 41% of the total square +/- 1,700,000 SF of ofice. Other nearby amenities include; Green Valley Ranch footage, (publicly traded on the NASDAQ under the symbol CACC and has a Casino and Spa, Lifetime Fitness, and both single and multi-family options market cap of $4.7 billion). Credit Acceptance offers automobile dealers inancing providing excellent long-term location amenities for the employees and visitors of options to help sell vehicles to customers, regardless of their credit history. the tenants. We believe with the amenities and lack of vacant land surrounding this immediate area, it provides a high barrier to entry for new competition. The remaining 7% is occupied by Allied T. Pro with +/- 5,267 SF. Allied T. Pro recently acquired by Thomas Cook India provides escorted tours and concierge The property has convenient access to McCarran International Airport (10 min), services to travelers. the Las Vegas Strip (15 min), and both the 215 beltway and US-95 freeway. The

The information herein was obtained from sources deemed reliable; however Logic Commercial Real The Estateinformation makes herein no guarantees, was obtained warranties from sources or representation deemed reliable; as to the however completeness Logic Commercial or accuracy Real thereof Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. 2460 PASEO VERDE PKWY.PKWY. EXECUTIVE SUMMARY 3 OFFERING DETAILS Address: 2460 Paseo Verde Pkwy., Henderson, NV 89074 Occupancy: 100% APN: 178-19-313-007 Year Built: 2005 Asking Price: $20,600,000 Land Size: 7.2 Acres NOI: 1,289,099 Total Tenants: 3 (Credit Tenants) Cap Rate: 6.26% (2018) Parking: 346 Total Spaces (34 Covered) 4.6:1 Weighted Avg. Lease Exp.: 8.82 Years Signage: Monument signage available Terms: Cash to Seller Zoning: Community Commercial (CC) PSF: $274 Trafic Counts: CC 215 // 135,000 CPD / St. Rose Pkwy. // 42,500 CPD Building Size: +/- 75,249 SF Jurisdiction: City of Henderson

INVESTMENT HIGHLIGHTS

PREMIER LOCATION STRONG CREDIT TENANTS Located within the 7,100 acre Green Valley Ranch Master Planned Community Paciic Dental Services National Support Ofice occupies 52% of GLA for Immediate access to both CC 215 beltway and US-95 freeway 14+ additional years Convenient access to McCarran International Airport (10 mins) and the Las Credit Acceptance occupies 41% of GLA with a market cap of $4.7 billion Vegas Strip (15 mins) Allied T. Pro recently acquired by Thomas Cook India provides escorted Irreplaceable location within the commercial center of Green Valley and Green tours and concierge services to travelers Valley Ranch Tenants have recognized corporate names, national business platforms and Surrounded by Life Time Fitness, Green Valley Ranch Resort and Spa, The stable credit, which can be independently veriied District at Green Valley Ranch Lifestyle Center (anchored by Whole Foods), and high-end residential ATTRACTIVE RETURN FOR STABILIZED ASSET The recent remodel and construction of the building minimizes capital NEWLY REMODELED expenditure risk Ownership spent more than $4MM in upgrades to the interior and exterior of Ability to purchase stabilized asset at replacement costs the asset Security of premier location will maintain and attract quality tenants, irreplaceable location 100% OCCUPIED Three Credit Tenant Stabilized Ofice Asset FAVORABLE TRADE AREA DEMOGRAPHICS Existing rents are below market levels for similar properties Average Household Income $86,000 within a 3-mile radius Opportunity to drive value by rental rate appreciation Populations over 154,850 within a 3-mile radius Weighted average lease expiry of 8.82 years

5 MAPS AND DEMOGRAPHICS

COMPARABLES

FINANCIAL SUMMARY

MARKET OVERVIEW 2460 PASEO VERDE PKWY. LOCATION MAP - MAPS AND DEMOGRAPHICS 6

SUBJECT SITE

The Theinformation information herein herein was wasobtained obtained from from sources sources deemed deemed reliable; reliable; however however Logic Logic Commercial Commercial Real Real Estate makesEstate no guarantees,makes no guarantees, warranties warrantiesor representation or representation as to the completeness as to the completeness or accuracy or thereof. accuracy thereof 2460 PASEO VERDE PKWY. AERIAL - MAPS AND DEMOGRAPHICS 7

WINDMILL PKWY.

WIGWAM PKWY.

JACK L. SCHOFIELD MIDDLE SCHOOL / WALK CHURCH

SILVERADO N. PECOS RD. // 25,000 CPD HIGH SCHOOL

JOHN VANDERBURG CC 215 // 122,000 CPD ELEMENTARY SCHOOL

NEIL C. TWITCHELL ELEMENTARY SCHOOL S. MARYLAND PKWY. S. MARYLAND PASEO VERDE PKWY.

SUBJECT THE DISTRICT AT GREEN VALLEY RANCH

(+ 50 more retailers & restaurants)

ROBERTA C. CARTWRIGHT ROGER D. GEHRING ELEMENTARY SCHOOL ELEMENTARY SCHOOL

BOB MILLER MIDDLE SCHOOL S. EASTERN AVE. // 64,000 CPD S. EASTERN AVE.

CHARLES SILVESTRI JUNIOR HIGH SCHOOL GLEN C. TAYLOR ELEMENTARY SCHOOL ST. ROSE PKWY. // 42,000 CPD

N. GREEN VALLEY PKWY. N. GREEN VALLEY MACDONALD RANCH ST ROSE DOMINICAN HOSPITAL - SIENA

HEALTH SOUTH REHABILITATION HOSPITAL OF HENDERSON

LAS VEGAS STRIP

SUBJECT

CARNEGIE ST.

PASEO VERDE PKWY.

HENDERSON PAVILION THE DISTRICT at green valley ranch

SUBJECT CARNEGIE ST.

PASEO VERDE PKWY.

E. SERENE AVE.

MAGICAL DR.

Suite 110 / 120 Suite 125 / 135 +/- 31,087 SF +/- 34,386 SF

Suite 105 +/- 4,266 SF

Suite 100 +/- 5,267 SF

Paciic Dental Services Credit Acceptance Allied T Pro

SUBJECT

SUBJECT PROPERTY & PARCEL COVERED PARKING BUILDINGS NAP

E. SERENE AVE.

CARNEGIE ST. SUBJECT

MAGICAL DR.

PASEO VERDE PKWY.

POPULATION 1-mile 3-mile 5-mile RADIUS MAP 2017 Population 12,959 154,857 298,232 2022 Projected Population 13,754 166,213 323,478 2010 Census Population 12,552 142,861 268,377 Annual Growth 2010 - 2017 0.44% 1.12% 1.47% Annual Growth 2016 - 2022 1.20% 1.43% 1.64%

INCOME 1-mile 3-mile 5-mile 2017 Average Household Income $103,168 $86,066 $82,487 2022 Average Household Income $114,815 $96,139 $91,700 2017 Per Capita Income $41,627 $33,704 $32,839 2022 Per Capita Income $45,899 $37,349 $36,194

HOUSEHOLDS 1-mile 3-mile 5-mile 2017 Total Households 5,078 60,398 117,894 2022 Total Households 5,356 64,402 126,919 2010 Census Households 4,960 56,523 107,860

HOUSING 1-mile 3-mile 5-mile 2017 Total Housing Units 5,574 65,433 130,960 2017 Owner Occupied Housing Units 3,400 35,306 65,830 2017 Renter Occupied Housing Units 1,678 25,092 52,064 2022 Estimated Total Housing Units 5,878 69,767 140,604 2022 Estimated Owner Occupied Housing Units 3,611 37,715 70,838 2022 Estimated Renter Occupied Housing Units 1,745 26,687 56,080

MAPS AND DEMOGRAPHICS

14 COMPARABLES

FINANCIAL SUMMARY

MARKET OVERVIEW 2460 PASEO VERDE PKWY. SOLD - COMPARABLES 15

NAME & ADDRESS

215 Town Center 10777 W. Twain Ave.

Sale Price: $21,105,000 1 PSF: $313 Occupancy: 100% Total SF: 67,423 Sold: 07/2017

Corporate Pointe North II 10650 W. Charleston Blvd.

Sale Price: $11,200,000 6 2 PSF: $262 Occupancy: 100% Total SF: 41,390 Sold: 06/2017

Corporate Pointe North I 10750 W. Charleston Blvd.

Sale Price: $19,250,000 23 3 PSF: $282 Occupancy: 100% Total SF: 68,346 Sold: 06/2017

Sunset & 215 Beltway 1 8945 W. Post Rd.

Sale Price: $6,000,000 4 PSF: $272 Occupancy: 100% 2460 PASEO VERDE PKWY. Total SF: 22,059 Sold: 04/2017 5 4 Gramercy 9275 W. Russell Rd.

Sale Price: $61,750,000 5 PSF: $336 Occupancy: 97% Total SF: 183,780 Sold: 04/2017

Southwest Medical Assoc. 2704 N. Tenaya Way.

Sale Price: $15,250,000 6 PSF: $340 Occupancy: 100% Total SF: 44,853 Sold: 11/2016

MAPS AND DEMOGRAPHICS

COMPARABLES

16 FINANCIAL SUMMARY

MARKET OVERVIEW 2460 PASEO VERDE PKWY. RENT ROLL 17

Renewal Assumptions Tenant Leasing General Tenant Information Rent Details Recovery Free Rent Renewal Assumption Improvements Commissions

Tenant Name Rate Per Year Lease Period Suite Number Amount Per Year Rent Rent Rent Structure Name Market - % Initial Area Lease Status Rate $/SF Rate $/SF Lease Dates Rate Per Month Changes On Changes To Changes To Type Date Months Reabsorb Building Share % Market Leasing Total Amount Total Amount Lease Term Amount Per Month Date $/SF-Annual $/SF-Monthly Input Amount Option Lease Type Tenure Rental Value Per Year 17.76 1. Allied T. Pro. 93,542 5,267. Base Suite: 100 1.48 Feb-2018 18.29 1.52 Net Market - 75.00% 7.00% Contract 11/1/2008-1/31/2019 7,795 99,230 Feb-2020 19.41 1.62 Feb-2021 19.99 1.67 Feb-2022 20.59 1.72 18.84 Allied T. Pro. Feb-2023 21.20 1.77 5,267. Market 99,230 11.59 7.92 Suite: 100 Feb-2024 21.84 1.82 Feb-2019 3 Months Net Market - 75.00% 7.00% Speculative 1.57 61,031 41,728 2/1/2019 - 1/31/2029 Feb-2025 22.50 1.87 8,269 Feb-2026 23.17 1.93 Feb-2027 23.87 1.99 Feb-2028 24.58 2.05 Dec-2017 18.05 1.50 Dec-2018 18.59 1.55 Dec-2019 19.14 1.60 Dec-2020 19.72 1.64 Dec-2021 20.31 1.69 17.52 Dec-2022 20.92 1.74 677,183 2. Paciic Dental 38,652. Base Dec-2023 21.55 1.80 Suite: 105 - 135 1.46 Net 51.37% Contract Dec-2024 22.19 1.85 12/1/2016 - 11/30/2031 56,432 Dec-2025 22.86 1.90 695,736 Dec-2026 23.55 1.96 Dec-2027 24.25 2.02 Dec-2028 24.98 2.08 Dec-2029 25.73 2.14 Dec-2030 26.50 2.21

15.42 Jan-2018 15.88 1.32 479,362 Jan-2019 16.36 1.36 3. Credit Acceptance 31,087. Base Suite: 110/120 1.29 Jan-2020 16.85 1.40 Net Market - 75.00% 41.31% Contract 1/1/2017 - 12/31/2022 39,947 Jan-2021 17.36 1.45 589,410 Jan-2022 17.88 1.49

Jan-2024 19.53 1.63 Jan-2025 20.11 1.68 Jan-2026 20.72 1.73 18.96 Credit Acceptance Jan-2027 21.34 1.78 31,087. Base 589,410 13.04 7.97 Suite: 110/120 Jan-2028 21.98 1.83 Jan-2023 3 Months Net Market - 75.00% 41.31% Contract 1.58 405,431 247,859 1/1/2023 - 12/31/2032 Jan-2029 22.64 1.89 49,117 Jan-2030 23.32 1.94 Jan-2031 24.02 2.00 Jan-2032 24.74 2.06

4. Electrical 243. Suite: 0.32%

* Results displayed are based on Forecast data only

Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 For the Years Ending Dec-2018 Dec-2019 Dec-2020 Dec-2021 Dec-2022 Dec-2023 Dec-2024 Dec-2025 Dec-2026 Dec-2027

RENTAL REVENUE Potential Base Rent 1,289,099 1,327,764 1,367,597 1,408,624 1,450,883 1,511,436 1,556,780 1,603,483 1,651,587 1,701,135 Free Rent 0 -24,808 0 0 0 -147,352 0 0 0 0 Scheduled Base Rent 1,289,099 1,302,957 1,367,597 1,408,624 1,450,883 1,364,084 1,556,780 1,603,483 1,651,587 1,701,135 Total Rental Revenue 1,289,099 1,302,957 1,367,597 1,408,624 1,450,883 1,364,084 1,556,780 1,603,483 1,651,587 1,701,135

OTHER TENANT REVENUE Total Expense Recoveries 237,334 244,454 251,787 259,341 267,121 275,135 283,389 291,891 300,647 309,667 Total Other Tenant Revenue 237,334 244,454 251,787 259,341 267,121 275,135 283,389 291,891 300,647 309,667 Total Tenant Revenue 1,526,433 1,547,411 1,619,384 1,667,965 1,718,004 1,639,219 1,840,168 1,895,373 1,952,235 2,010,802 Potential Gross Revenue 1,526,433 1,547,411 1,619,384 1,667,965 1,718,004 1,639,219 1,840,168 1,895,373 1,952,235 2,010,802 Effective Gross Revenue 1,526,433 1,547,411 1,619,384 1,667,965 1,718,004 1,639,219 1,840,168 1,895,373 1,952,235 2,010,802

OPERATING EXPENSES Common Area Expenses 25,223 25,979 26,759 27,561 28,388 29,240 30,117 31,021 31,951 32,910 Insurance 11,850 12,206 12,572 12,949 13,337 13,737 14,150 14,574 15,011 15,462 Utilities (Electrical & Trash) 12,612 12,990 13,380 13,781 14,195 14,621 15,059 15,511 15,977 16,456 Repairs and Maintenance 28,289 29,138 30,012 30,912 31,839 32,795 33,778 34,792 35,836 36,911 Real Estate Taxes 149,360 153,841 158,456 163,210 168,106 173,149 178,344 183,694 189,205 194,881 Reserve 10,000 10,300 10,609 10,927 11,255 11,593 11,941 12,299 12,668 13,048 Total Operating Expenses 237,334 244,454 251,787 259,341 267,121 275,135 283,389 291,891 300,647 309,667

Net Operating Income 1,289,099 1,302,957 1,367,597 1,408,624 1,450,883 1,364,084 1,556,780 1,603,483 1,651,587 1,701,135

LEASING COSTS Tenant Improvements 0 61,031 0 0 0 405,431 0 0 0 0 Leasing Commissions 0 41,728 0 0 0 247,859 0 0 0 0 Total Leasing Costs 0 102,760 0 0 0 653,290 0 0 0 0 Total Leasing & Capital Costs 0 102,760 0 0 0 653,290 0 0 0 0 Cash Flow Before Debt Service 1,289,099 1,200,197 1,367,597 1,408,624 1,450,883 710,794 1,556,780 1,603,483 1,651,587 1,701,135 Cash Flow Available for Distribution 1,289,099 1,200,197 1,367,597 1,408,624 1,450,883 710,794 1,556,780 1,603,483 1,651,587 1,701,135

MAPS AND DEMOGRAPHICS

COMPARABLES

FINANCIAL SUMMARY

19 MARKET OVERVIEW 24602460 PASEO VERDE VERDE PKWY. PKWY. LAS VEGAS - MARKET OVERVIEW 2020

HENDERSON NEVADA

Henderson, oficially the City of Henderson, is a city in Clark County, Nevada, An increasing number of major shopping malls, movie theater complexes, United States, about 16 miles southeast of Las Vegas. It is the second-largest restaurants and casino resorts offer residents a variety of choices for leisure time city in Nevada, after Las Vegas, with an estimated population of 285,667 in in Henderson. The city also sits a few miles southeast of Las Vegas and is not too 2015. The city is part of the Las Vegas metropolitan area, which spans the entire far from the world-famous Las Vegas Strip. “Shakespeare in the Park” celebrated Las Vegas Valley. Henderson occupies the southeastern end of the valley, at an its tenth anniversary in 1996, a testament to Henderson’s long-standing support elevation of approximately 1,330 ft. for the arts and cultural programs. The city also boasts the largest recreational facility – the Multigenerational Facility at Liberty Pointe – in Nevada as well as In 2011, Forbes magazine ranked Henderson as America’s second-safest city. Nevada’s only scenic Bird Preserve. The city supports a variety of other cultural It has also been named as “One of the Best Cities to Live in America” by events as well, many of which are held at the outdoor amphitheater, the largest Bloomberg Businessweek. In 2014, Henderson was again ranked as one of the one of its kind in Nevada. Top 10 “Safest Cities in the United States” by the FBI Uniform Crime Report.

CLARK COUNTY NEVADA Clark County is a county located in the U.S. state of Nevada. As of the 2010 census, Southern Nevada Ranks #1 the population was 1,951,269, with an estimated population of 2,000,759 in 2012. It Source: LVGEA Competitiveness Survey, SBE Council is by far the most populous county in Nevada, accounting for nearly two-thirds of its residents. Las Vegas, Nevada’s most populous city, has been the county seat since Southwest Quality of Life Graph the county was established. Southern Nevada 36.36%

The county was formed by the Nevada Legislature by splitting off a portion of Lincoln Southern California 26.08% County on February 5, 1909, and came into existence on July 1, 1909. The Las Vegas Valley, a 600 sq mi (1,600 km2) basin, includes Las Vegas as well as the other primary Salt Lake City 9.92% population center, the unincorporated community of Paradise. Phoenix 10.57%

Clark County is today known as a major tourist destination, with 150,000 hotel Denver 17.07% rooms. The Las Vegas Strip, home to most of the hotel-casinos known to many around the world, is located not within the City of Las Vegas city limits, but in unincorporated Paradise. It is, however, located in the Las Vegas Valley. Southern Nevada Nevada Ranks #1 Ranks #1 Most Favorable Tax Most Policy Friendly Climate in the West State for Entrepreneurs

Source: SBE Council, Small Business Source: Boyd Corporate Site Policy Index 2016, The Boyd Co., Inc. 2016 Selection Leading Indicator Poll

THE LAS VEGAS STRIP

The Las Vegas Strip is a stretch of South Las Vegas Boulevard in Clark County, Historically, the casinos that were not in Downtown Las Vegas along Fremont Nevada, known for its concentration of resort hotels and casinos. The Strip is Street were limited to outside of the city limits on Las Vegas Boulevard. In 1959 approximately 4.2 miles (6.8 km) in length, located immediately south of the the Welcome to Fabulous Las Vegas sign was constructed exactly 4.5 miles (7.2 Las Vegas city limits in the unincorporated towns of Paradise and Winchester. km) outside of the city limits. The sign is today about 0.4 miles (0.64 km) south of However, the Strip is often referred to as being in Las Vegas. Most of the Strip the southernmost entrance to Mandalay Bay (the southernmost casino). has been designated an All-American Road, and is considered a scenic route at night. Many of the largest hotel, casino, and resort properties in the world In the strictest sense, “the Strip” refers only to the stretch of Las Vegas are located on the Las Vegas Strip. Fourteen of the world's 25 largest hotels by Boulevard that is roughly between Sahara Avenue and Russell Road, a distance room count are on the Strip, with a total of over 62,000 rooms. of 4.2 miles (6.8 km). However, the term is often used to refer not only to the road but also to the various casinos and resorts that line the road, and even One of the most visible aspects of Las Vegas' cityscape is its use of dramatic to properties that are not on the road but in proximity. Phrases such as Strip architecture and lights. The rapidly evolving skyline and constant modernization Area, Resort Corridor or Resort District are sometimes used to indicate a larger of hotels, casinos, restaurants, residential high-rises, and entertainment offerings geographical area, including properties 1 mile (1.6 km) or more away from Las on the Strip, have established it as one of the most popular destinations for Vegas Boulevard, such as the Hard Rock Hotel & Casino, Rio All Suite Hotel and tourists in the United States, and the world. Casino, Palms Casino Resort and Hooters Casino Hotel.

Clark County 2016 Las Vegas Strip 2016 2016 2016 2016 Gaming Revenue 2016 Revenue Hotel Occupancy Employment Growth Conventions Per Year Room Inventory $9.7B $6.3B 89.8% 3.1% 21,864 149,339

Source: Las Vegas Convention and Visitors Authority

THE LAS VEGAS RAIDERS

A domed stadium is to be built in Paradise, Nevada for the Las Vegas Raiders of the National Football League (NFL) and the UNLV Rebels football team from the University of Nevada, Las Vegas (UNLV). Construction of the stadium is planned to begin in 2017 and be completed in time for the 2020 NFL season. The state of Nevada approved $750 million for a new stadium. Raiders owner Mark Davis pledged $500 million toward the project, and a report from the Southern Nevada Tourism Infrastructure Committee estimates the total stadium cost to be $1.9 billion.

THE LAS VEGAS GOLDEN KNIGHTS The Vegas Golden Knights are a professional ice hockey team that will be based in the Las Vegas metropolitan area. The team is scheduled to begin play in the 2017–18 NHL season, and will be a member of the Paciic Division of the Western Conference of the National Hockey League (NHL). The team is owned by Black Knight Sports & Entertainment, a consortium led by Bill Foley, and will play its home games at T-Mobile Arena on the Las Vegas Strip in Paradise, Nevada.

T-MOBILE ARENA T-Mobile Arena is a multi-use indoor arena on the Las Vegas Strip in Paradise, Nevada. Opened on April 6, 2016, the arena is a joint venture between MGM Resorts International and the Anschutz Entertainment Group. The arena will be the home of the Vegas Golden Knights of the National Hockey League that will begin play in 2017. Since its opening, T-Mobile Arena has primarily been used for entertainment events such as concerts, and has been booked for TOURISM one-off combat sports events, and other annual sporting events The arena is accessed by a new The major attractions in Las Vegas are the casinos and the 2016 Convention Attendees development project known as The Park, with hotels, although in recent years other new attractions have retail and dining space between New York-New begun to emerge. 6.3M York and the Monte Carlo casino hotels.

Most casinos in the downtown area are located on the Fremont Street Experience, The Stratosphere being one Total Visitors in 2016 of the exceptions. Fremont East, adjacent to the Fremont * Street Experience, was granted variances to allow bars to 42.9M be closer together, similar to the Gaslamp Quarter of San Diego, the goal being to attract a different demographic than the Strip attracts. * Record high

AIRPORTS

McCarran International Airport is the primary commercial airport Lowest Corporate Travel 2016 Total En/Deplaned serving the Las Vegas Valley, a major metropolitan area in the Cost in Western US Air Passengers U.S. state of Nevada. McCarran received a total of 47,435,640 en/deplaned passengers in 2016, a 4.5% increase over the previous year but still below pre-recession levels. It is the 26th 1st 47.4MM busiest airport in the world by passenger trafic and the 8th busiest by aircraft movements. Total Aircraft Total En/Deplaned Movements Passengers in 2016 The airport consists of four runways and two passenger terminals: Terminal 1 and Terminal 3. Terminal 1 is composed of four 8th Busiest concourses, namely the A, B, C, and D Gates; Terminal 3 contains 4.5% the E Gates. A people mover system is in place between the pre-security area of Terminal 1 and the C and D Gates, as well as 2016 National 2016 International between the D Gates and Terminal 3. Passenger Trafic Passenger Trafic Source: Las Vegas Convention and Visitors Authority 9th Busiest 26th Busiest

CONVENTIONS THE 5 LARGEST CONVENTIONS HELD IN LAS VEGAS ANNUALLY Las Vegas is the birthplace of the United States’ gaming industry Current Expansion Budget and continues to lead both the tourism and convention industries. Major gaming corporations like MGM Resorts International, S1.4B Consumer Electronics Show Caesars Entertainment, Wynn Resorts Limited, Las Vegas The Consumer Electronics Show (CES) in 2016 runs from January 6-9 and will occupy 2.4 Sands, and Scientiic Games are headquartered in Las Vegas. Impact of Tourism Southern These companies cater to the 43 million tourists who visit the million SF by 3,600 companies. region every year. Las Vegas has also been the No. 1 domestic Nevada’s 2015 Economy convention location for two decades. But the gaming, tourism, NFR and convention cluster is far more complex than what you see in $52B The National Finals Rodeo (NFR) is a very advertisements. Las Vegas is home to hundreds of non-gaming popular event, made possible through companies that serve the Las Vegas Strip, including gaming professional conference planners, brings more technology, aviation, and convention services companies. Convention Attendees than 175,000 spectators from all over the world to Las Vegas. Source: Las Vegas Convention and Visitors Authority 6.3M Men’s Apparel Guild of California The Men’s Apparel Guild of California, or Conventions Per Year MAGIC, also picks February in Las Vegas to offer a preview the season’s fashion offerings to 21,864 more than 85,000 attendees.

World of Concrete The World of Concrete features more than 18,000 companies welcoming more than 60,000 attendees to town to showcase the newest in commercial construction innovations.

NAB The National Association of Broadcasters (NAB) is the world’s largest event covering ilmed entertainment along with the development, management and delivery of content across all mediums. 2016 brought more than 100,000 attendees to Las Vegas.

Source: International School of Hospitality

TRANSPORTATION

RTC Transit is a public transportation system providing bus 2016 Average I-15 at service throughout Las Vegas, Henderson, North Las Vegas and Average CC 215 Daily other areas of the valley. A bus rapid-transit link in Las Vegas Visitor Volume Highway Trafic NV/CA Border called the Strip & Downtown Express (previously ACE Gold Line) with limited stops and frequent service was launched in March 42,936,109 109,204 45,329 2010, and connects downtown Las Vegas, the Strip and the Las Vegas Convention Center. SUMMARY TABLE OF TRAVEL PLANNING CHARACTERISTICS Interstates 15, 515, and US 95 lead out of the city in four directions. Two major freeways – Interstate 15 and Interstate 2011 2012 2013 2014 2015 515/U.S. Route 95 – cross in downtown Las Vegas. I-15 connects Las Vegas to Los Angeles, and heads northeast to and beyond Proportion of visitors who traveled to Las Vegas by 56% 57% 58% 58% 57% Salt Lake City. I-515 goes southeast to Henderson, beyond ground transportation (automobile/bus/RV) which US 93 continues over the Mike O'Callaghan–Pat Tillman Proportion of visitors who traveled to Las Vegas by air 44% 43% 42% 42% 43% Memorial Bridge towards Phoenix, Arizona. US 95 connects the city to northwestern Nevada, including Carson City and Reno. Source: Las Vegas Convention and Visitors Authority US 93 splits from I-15 northeast of Las Vegas and goes north through the eastern part of the state, serving Ely and Wells. A partial beltway has been built, consisting of Interstate 215 on the south and Clark County 215 on the west and north.

MEDICAL TOURISM MEDICAL EDUCATION

Las Vegas is one of the few destinations in the world to develop a regional strategic plan for medical and UNLV School of Medicine will be a full-scale, four-year wellness travel. The plan provides a uniied vision among the medical and tourism providers in Las Vegas allopathic medical school that is an integral part of a to offer a unique and compelling option for the health and wellness traveler. The plan is a comprehensive vibrant, research-intensive public university. The medical economic development strategy, involving medical facilities, physicians and surgeons, government school’s mission is to improve access to high-quality institutions, economic development authorities, higher education, the hospitality sector and the local health care in Southern Nevada by increasing the community, to deliver a total patient experience unlike anything in the United States. number of physicians and trained specialists who are committed to serving the region. One of the primary Simply put, rapidly evolving treatment expertise combined with a world-class hospitality infrastructure makes goals of UNLV School of Medicine is to provide diverse Las Vegas a serious player in health and wellness travel. and medically underserved populations access to timely high quality health care. The accompanying academic health center will serve as the core infrastructure for the entire medical community and generate top-quality research that spans the basic and clinical sciences.

The UNLV School of Medicine’s future home is located on nearly 10 acres at 625 Shadow Lane. The medical school is part of a citywide effort to create a leading Las Vegas Medical District (LVMD). The 214-acre medical district is located just North of the city center – West Charleston Boulevard and I-15 corridor at 625 Shadow Lane.

EDUCATION UNLV The University of Nevada, Las Vegas (UNLV) is an Primary and secondary public education is provided by American public research university located in the the Clark County School District, which is the ifth most Las Vegas suburb of Paradise, Nevada. The 332- populous school district in the nation. Students totaled acre campus is located approximately 1.6-mile 314,653 in grades K-12 for school year 2013–2014. east of the Las Vegas Strip. The university includes the Shadow Lane Campus, located just east of the The College of Southern Nevada (the third largest University Medical Center, which houses the School community college in the United States by enrollment) is the of Dental Medicine— the only dental school in the main higher education facility in the city. Other institutions state of Nevada. In addition, UNLV’s law school, include the University of Nevada School of Medicine, with a the William S. Boyd School of Law, is also the only campus in the city, and the for-proit private school Le Cordon law school in the state. Bleu College of Culinary Arts. Educational opportunities exist around the city; among them are the University of Nevada, CSN Las Vegas and Nevada State College run by the Nevada The College of Southern Nevada (CSN) is System of Higher Education, Desert Research Institute, The primarily a two-year college in Clark County, International Academy of Design & Technology Las Vegas and Nevada, with four four-year degrees in Dental Touro University Nevada. Hygiene, Medical Lab Scientist, Respiratory Sciences, and Fire & Emergency Services Admin. The school is the largest public higher education University of Nevada, Las Vegas institution in Nevada. It is part of the Nevada System of Higher Education.

CCSD The Clark County School District, as of 2014, is the ifth-largest school district in the United States. It serves all of Clark County, Nevada, including the cities of Las Vegas, Henderson, North Las Vegas, Boulder City, and Mesquite. The district is divided into seven regions and, in addition to the general schools, it also operates 25 alternative schools and programs.

2460 TERRY HAMILTON, CCIM PASEO VERDE PKWY. Vice President 702.954.4111 [email protected] Owner/Licensee

MELISSA CAMPANELLA, CCIM Vice President 702.954.4112 [email protected]

BRENDAN KEATING CEO 702.954.4108 [email protected]

LOGIC COMMERCIAL REAL ESTATE | 3900 S. Hualapai Way, Suite 200, Las Vegas, Nevada 89147 | 702.888.3500 The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof.