OFFERING MEMORANDUM OFFERED AT $5,900,000 5.9% Cap Rate 100% leased ±9,029 SF high visibility building positioned near a busy, signalized intersection along the main route to the communities of Saugus, Canyon Country, Valencia and Newhall. Located in Santa Clarita the third largest city in Los Angeles County. 26453–26459 BOUQUET SANTA CLARITA CA 91350 CANYON RD. RADIUSGROUP.COM IL TRA EK RE T C UE UQ BO 26453-26459 NEW BOUQUET CANYON RD HALL RANC H ROAD 45,336 ADT BOUQUET CANYON ROAD RADIUS COMMERCIAL REAL ESTATE | RADIUSGROUP.COM 2 OFFERING MEMORANDUM 26453–26459 Bouquet Canyon Rd. | Santa Clarita, CA 91350 PROPERTY OVERVIEW 100% leased building in one of Santa Clarita’s core retail locations. Located within the affluent suburb of Santa Clarita, this well-maintained trophy asset is strategically positioned along the main east-west arterial known as the Cross Valley Connector, linking the four communities of Valencia, Saugus, Newhall and Canyon Country together. A plethora of high credit tenants are established at this intersection which gives the area vibrancy and high traffic counts. The four current tenants include AT&T, Logix FCU, awarded Forbes best-in state credit union, and well- established local services The Nail Fix and Pure Dentistry. The building has had no vacancy for years! Offering Specifics Price $5,900,000 Cap Rate 5.9% Occupancy 100% Building Size ±9,029 SF Parcel Size ±39,494 SF (±0.91 Acres) Parking Common (New Sealcoat, 2020) Year Built 2004 HVAC Yes Zoning SP (Specific Plan) Ownership Fee Simple APN 2811-068-021 The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Bob Tuler John Cserkuti Gene Deering Justin Diem 805.879.9605 661.705.3551 805.879.9623 805.879.9634 [email protected] [email protected] [email protected] [email protected] CA LIC. 00643325 CA LIC. 01267987 CA LIC. 01450943 CA LIC. 02058176 205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM OFFERING MEMORANDUM 26453–26459 Bouquet Canyon Rd. | Santa Clarita, CA 91350 NEWHALL RANCH ROAD The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Bob Tuler John Cserkuti Gene Deering Justin Diem 805.879.9605 661.705.3551 805.879.9623 805.879.9634 [email protected] [email protected] [email protected] [email protected] CA LIC. 00643325 CA LIC. 01267987 CA LIC. 01450943 CA LIC. 02058176 205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM OFFERING MEMORANDUM 26453–26459 Bouquet Canyon Rd. | Santa Clarita, CA 91350 NEWHALL RANCH ROAD The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Bob Tuler John Cserkuti Gene Deering Justin Diem 805.879.9605 661.705.3551 805.879.9623 805.879.9634 [email protected] [email protected] [email protected] [email protected] CA LIC. 00643325 CA LIC. 01267987 CA LIC. 01450943 CA LIC. 02058176 205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM OFFERING MEMORANDUM 26453–26459 Bouquet Canyon Rd. | Santa Clarita, CA 91350 COMPARABLE SALES 2/3 1 4/5 6 7 The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Bob Tuler John Cserkuti Gene Deering Justin Diem 805.879.9605 661.705.3551 805.879.9623 805.879.9634 [email protected] [email protected] [email protected] [email protected] CA LIC. 00643325 CA LIC. 01267987 CA LIC. 01450943 CA LIC. 02058176 205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM OFFERING MEMORANDUM 26453–26459 Bouquet Canyon Rd. | Santa Clarita, CA 91350 COMPARABLE SALES CENTER NAME/ADDRESS TYPE SIZE (SF) PRICE PRICE/SF BUYER SELLER # TENANTS CAP DATE SUBJECT PROPERTY 26453-59 Bouquet Suggested 1 Strip Center 9,029 $653 — — Four 5.92% — Canyon Rd $5,900,000 Santa Clarita Donahue Bouquet Canyon Plaza Gershman Alberstons Schriber 2 27611-33 Bouquet Canyon Rd 9,000 $3,745,157 $416.13 Properties, Two 6.12% Mar-20 Shadow Anchored Commercial Santa Clarita LLC R.E. Donahue Bouquet Canyon Plaza Gershman Alberstons Schriber 3 27637-61 Bouquet Canyon Rd 18,876 $7,854,843 $416.13 Properties, Nine 6.12% Mar-20 Shadow Anchored Commercial Santa Clarita LLC R.E. Regional & National Centre Pointe Marketplace Tenants - Out Parcel Koko Michael K. 4 26477-91 Golden Valley Rd 6,111 $3,478,323 $569.19 Four 6.00% Mar-18 to Wal-Mart & Eshgian Boone Santa Clarita Sam's Club Regional & Local Centre Pointe Marketplace Tenants- Outpacel Koko Michael K. 5 26501-15 Golden Valley Rd 5,433 $3,418,432 $629.20 Three 6.00% Mar-18 to Wal-Mart & Eshgian Boone Santa Clarita Sam's Club Moeiz 25057-67 Peachland Ave Locally Tenanted Satin 6 6,297 $2,450,000 $389.07 Koshki Seven 5.66% Feb-19 Santa Clarita Strip Center Trust DDS Northridge Plaza Target Shadow Paragon Ben-Cohen 7 8850-66 Corbin Ave Anchored 10,150 $6,000,000 $591.13 Commercial Six 5.75% Oct-19 Law Firm Northridge Multi-Tenant Pad Group The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Bob Tuler John Cserkuti Gene Deering Justin Diem 805.879.9605 661.705.3551 805.879.9623 805.879.9634 [email protected] [email protected] [email protected] [email protected] CA LIC. 00643325 CA LIC. 01267987 CA LIC. 01450943 CA LIC. 02058176 205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM OFFERING MEMORANDUM 26453–26459 Bouquet Canyon Rd. | Santa Clarita, CA 91350 LEASE COMPARABLES 6 2 7 1 3 5 4 The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Bob Tuler John Cserkuti Gene Deering Justin Diem 805.879.9605 661.705.3551 805.879.9623 805.879.9634 [email protected] [email protected] [email protected] [email protected] CA LIC. 00643325 CA LIC. 01267987 CA LIC. 01450943 CA LIC. 02058176 205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM OFFERING MEMORANDUM 26453–26459 Bouquet Canyon Rd. | Santa Clarita, CA 91350 LEASE COMPARABLES CENTER NAME/ADDRESS TENANT SIZE (SF) RENT/SF/MO TERM ESCALATIONS ABATEMENT TI’S DATE LOCATION NNN SUBJECT PROPERTY 26453-59 Bouquet 1 — — — — — — — — — — Canyon Rd Santa Clarita Valencia Village American 10 years w/ 12.5% every Feb- 2 27550 Newhall Ranch Rd Family 3,000 $3.00 2 five year 180 days $40psf (pad) $0.85 5 years 2020 Suite 203, Valencia Care options 5 year Promenade at Town Center Teagle renewal w/ Feb- 3 27011 McBean Parkway 2,215 $4.18 3% annually None None (in-line) $0.91 Optometry 1 five year 2020 Suite 107 option Newhall Crossings XRO 5 years w/ Dec- 4 24450 Main Street Churro 792 $3.25 1 five year 3% annually 150 days $25psf (end-cap) $0.85 2019 Suite 100, Newhall Bar option 5 year Riverview Plaza Sushi renewal w/ Dec- 5 26921 Sierra Highway 1,800 $3.50 3% annually None None (in-line) $0.90 California 1 five year 2019 Santa Clarita option Bouquet Canyon Plaza 10 years w/ Pizza Dec- 6 27667 Bouquet Canyon Rd 1,200 $3.25 2 five year 2% annually 150 days $15psf (end-cap) $0.82 Guys 2019 Santa Clarita option Bridgeport Marketplace 10 years w/ Salon Sep- 7 23961 Newhall Ranch Rd 3,553 $3.94 2 five year 3% annually 180 days None (in-line) $0.81 Glo 2019 Valencia options The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Bob Tuler John Cserkuti Gene Deering Justin Diem 805.879.9605 661.705.3551 805.879.9623 805.879.9634 [email protected] [email protected] [email protected] [email protected] CA LIC. 00643325 CA LIC. 01267987 CA LIC. 01450943 CA LIC. 02058176 205 E. CARRILLO ST. SUITE 100 | SANTA BARBARA CA 93101 | 805.965.5500 | FAX 805.965.5300 | RADIUSGROUP.COM OFFERING MEMORANDUM 26453–26459 Bouquet Canyon Rd. | Santa Clarita, CA 91350 INCOME ANALYSIS Current Income Tenant Sq.Ft. Lease Type Base Rent/SF Base Rent NNN's Gross Rent Lease Exp Remaining Options Logix Federal Credit Union 2,986 NNN $4.35 $13,000 $3,286 $16,286 7/25/2024 One 5 Year AT&T 3,008 NNN $2.67 $8,021 $3,310 $11,331 2/28/2025 One 5 Year Pure Dental Solutions 1,900 NNN $3.61 $6,858 $2,091 $8,949 5/10/2026 None The Nail Fix 1,135 Gross $3.26 $3,700 $0 $3,700 7/1/2021 One 3 Year TOTAL BLDG SF: 9,029 SF MONTHLY BASE RENT: $31,579 Tenant Reimbursable (NNN’s) $8,687 Gross Monthly Rent (Base Rent + NNN’s) $40,266 Annual Scheduled Income $483,198 Vacancy Factor 3% ANNUAL GROSS INCOME: $468,702 NNN Expenses Projected Estimated Taxes @ 1.209% $71,331 Insurance (2019) $7,769 CAM Utilities (2019) $6,122 Property Management Expense 3% $14,500 Repairs/Maintenance (2019) $19,617 TOTAL: $119,339 Current Projected MONTHLY OPERATING EXPENSES: $1.10/SF $1.22/SF $119,239 NET OPERATING INCOME: $349,448 CAP Rate SALES PRICE: $5,900,000 $653 5.92% The information provided here has been obtained from the owner of the property or from other sources deemed reliable.