BOUQUET CANYON RD.

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26453–26459

BOUQUET CANYON RD

NEWHALL RANCH

_ROAD

B OUQUET C REEK TR AIL

45,336 ADT

26453–26459 BOUQUET CANYON RD.

SANTA CLARITA, CA 91350

OFFERING

MEMORANDUM

PRICE REDUCTION

& LEASE EXTENSION

O F F E R I N G M E M O R A N D U M

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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!

P R O P E R T Y O V E R V I E W

Offering Specifics

Price

$5,600,000

Cap Rate

6.51%

Projected Cap Rate

6.7% (August 2021)

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

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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 $3,189 $16,189 7/25/2024 One 5 Year

AT&T 3,008 NNN $2.67 $8,021 $3,212 $11,233 2/28/2025 One 5 Year

Pure Dental Solutions 1,900 NNN $3.61 $6,858 $2,029 $8,887 5/10/2026 None

The Nail Fix 1,135 Gross $3.26 $3,700 $0 $3,700 7/1/2024 None

TOTAL BLDG SF: 9,029 SF MONTHLY BASE RENT: $31,579

Tenant Reimbursable (NNN’s) $8,431

Gross Monthly Rent (Base Rent + NNN’s) $40,010

Annual Scheduled Income $480,114

ANNUAL GROSS INCOME: $480,114

NNN Expenses

Projected

Estimated Taxes @ 1.209% $67,704

Insurance (2019) $7,769

CAM Utilities (2019) $6,122

Property Management Expense 3% $14,500

Repairs/Maintenance (2019) $19,617

TOTAL: $115,712

Projected

MONTHLY OPERATING EXPENSES: $1.07/SF $115,712

(Monthly Expenses/Total Bldg. SF) PSF _{Projected NOI}August 2021

NET OPERATING INCOME: $363,946 $374,815

PSF CAP Rate Projected CAP Rate

O F F E R I N G M E M O R A N D U M

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O F F E R I N G M E M O R A N D U M

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O F F E R I N G M E M O R A N D U M

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C O M P A R A B L E S A L E S

1

2/3

4/5

6

7

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CENTER NAME/ADDRESS TYPE SIZE (SF) PRICE PRICE/SF BUYER SELLER # TENANTS CAP DATE

1

SUBJECT PROPERTY 26453-59 Bouquet

Canyon Rd Santa Clarita

Strip Center 9,029 _$5,900,000Suggested $653 — — Four 6.17% —

2 27611-33 Bouquet Canyon RdBouquet Canyon Plaza Santa Clarita Alberstons Shadow Anchored 9,000 $3,745,157 $416.13 Gershman Properties, LLC Donahue Schriber Commercial R.E. Two 6.12% Mar-20 3

Bouquet Canyon Plaza 27637-61 Bouquet Canyon Rd Santa Clarita Alberstons Shadow Anchored 18,876 $7,854,843 $416.13 Gershman Properties, LLC Donahue Schriber Commercial R.E. Nine 6.12% Mar-20

4 Centre Pointe Marketplace 26477-91 Golden Valley Rd Santa Clarita

Regional & National Tenants - Out Parcel

to Wal-Mart & Sam's Club

6,111 $3,478,323 $569.19 _EshgianKoko Michael K._Boone Four 6.00% Mar-18

5

Centre Pointe Marketplace 26501-15 Golden Valley Rd

Santa Clarita

Regional & Local Tenants- Outpacel

to Wal-Mart & Sam's Club

5,433 $3,418,432 $629.20 _EshgianKoko Michael K._Boone Three 6.00% Mar-18

6 25057-67 Peachland Ave_{Santa Clarita} Locally Tenanted _{Strip Center} 6,297 $2,450,000 $389.07

Moeiz Koshki DDS

Satin

Trust Seven 5.66% Feb-19

7 8850-66 Corbin AveNorthridge Plaza Northridge

Target Shadow Anchored Multi-Tenant Pad

10,150 $6,000,000 $591.13 Ben-Cohen_{Law Firm} CommercialParagon Group

Six 5.75% Oct-19

O F F E R I N G M E M O R A N D U M

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L E A S E C O M P A R A B L E S

1

6

5

4

2

7

3

O F F E R I N G M E M O R A N D U M

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L E A S E C O M P A R A B L E S

1 SUBJECT PROPERTY 26453-59 Bouquet Canyon Rd Santa Clarita — — — — — — — — — —

2 27550 Newhall Ranch RdValencia Village Suite 203, Valencia

American Family

Care

3,000 $3.00 10 years w/ 2 five year options 12.5% every 5 years 180 days $40psf Feb-2020 (pad) $0.85 3

Promenade at Town Center 27011 McBean Parkway Suite 107 Teagle Optometry 2,215 $4.18 5 year renewal w/ 1 five year option

3% annually None None ₂₀₂₀Feb- (in-line) $0.91

4 Newhall Crossings24450 Main Street Suite 100, Newhall

XRO Churro

Bar

792 $3.25 5 years w/ 1 five year option

3% annually 150 days $25psf Dec-₂₀₁₉ (end-cap) $0.85

5 Riverview Plaza 26921 Sierra Highway Santa Clarita Sushi California 1,800 $3.50 5 year renewal w/ 1 five year option

3% annually None None Dec-₂₀₁₉ (in-line) $0.90

6 27667 Bouquet Canyon Rd Bouquet Canyon Plaza Santa Clarita Pizza Guys 1,200 $3.25 10 years w/ 2 five year option

2% annually 150 days $15psf Dec-₂₀₁₉ (end-cap) $0.82

7 23961 Newhall Ranch RdBridgeport Marketplace Valencia Salon Glo 3,553 $3.94 10 years w/ 2 five year options

Santa Clarita’s master planned

communities offer its resients

an unmatched quality of life and

ideal place to raise a family

Voted “The Best Place

to live in California”

Offering a low-cost, high-value proposition to

expanding businesses, with its business friendly tax

structure, Santa Clarita has enjoyed the benefit of

attracting some of the most successful entertainment,

biomedical, technology, and aerospace companies

around the world.

“ MOS T BUSINES S

FRIE NDLY CIT Y IN

LOS ANGE LES COUNT Y ”

by Los Angeles County

Economic Development

Corporation (LAEDC)

LAEDC

Santa Clarita is regularly

recognized as a premier

location for business and has

O F F E R I N G M E M O R A N D U M

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Located 30 miles northwest of Downtown Los Angeles, and just north of the San Fernando Valley, the City of Santa Clarita covers 65.7

square miles of the 520 square miles that compromise the Santa Clarita Valley, with a population of approximately 300,000 residents.

Nestled between the Santa Susana and San Gabriel Mountain Ranges and more specifically bordered by State Highway 14 to the east

and Interstate 5 to the west, Santa Clarita represents the 3rd largest city in Los Angeles County, and was officially formed in 1987 when

the four unincorporated communities of Valencia, Saugus, Newhall and Canyon Country merged together.

Throughout the years, the City of Santa Clarita has experienced tremendous growth and has maintained the designation of one of the

fastest growing cities in Los Angeles County. It was ranked

4th safest among California cities with a population of at least 150,000

and continuously in the Top 20 safest in the entire nation

, according to the FBI.

.

O F F E R I N G M E M O R A N D U M

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Quality of Life

Santa Clarita residents enjoy benefits of thriving civic centers, world-class recreational facilities, top performing schools and colleges, and impressive dining and shopping

amenities. From PGA-featured gold courses to the Six Flags Magic Mountain theme park, Santa Clarita Valley is home to some of Southern California’s best outdoor recreation

spots. Nearly two-thirds of SCV schools have been named as California Distinguished Schools and are known for their high academic performance index scores. Named “The Best

Place to Live in California” by CNN Money Magazine, Santa Clarita’s master planned communities offer its residents an unmatched quality of life and ideal place to raise a family.

Business & Labor

The Santa Clarita Valley is home to a stable, well-educated workforce. 60% of adults have attained a four-year degree or higher, and 58% of all working households have been in

their current job for at least 7 years.

Major Employers

Employer

No. of Employees

Six Flags Magic Mountain

3,200

College of the Canyons

2,135

Princess Cruises

2,092

William S. Hart Union School District

1,959

Henry Mayo Newhall Memorial Hospital

1,917

Saugus Union School District

1,675

Employer

No. of Employees

U.S. Postal Service

1,271

Boston Scientific

1,000

City of Santa Clarita

877

Newhall School District

774

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COMPLETE PROFILE

2000-2010 Census, 2020 Estimates with 2025 Projections Calculated using Weighted Block Centroid from Block Groups

Lat/Lon: 34.4277/-118.5395

26459 Bouquet Canyon Rd

1 mi radius 3 mi radius 5 mi radius

Santa Clarita, CA 91350 Population Estimated Population (2020) 0 T 11,480 102,842 211,626 Projected Population (2025) 0 T 11,365 101,622 209,220 Census Population (2010) 0 T 11,543 97,523 204,154 Census Population (2000) 0 T 9,343 75,109 148,670

Projected Annual Growth (2020-2025) - - -116 -0.2% -1,220 -0.2% -2,406 -0.2%

Historical Annual Growth (2010-2020) - - -63 - 5,319 0.5% 7,472 0.4%

Historical Annual Growth (2000-2010) - - 2,200 2.4% 22,414 3.0% 55,484 3.7%

Estimated Population Density (2020) - psm 3,656 psm 3,638 psm 2,696 psm

Trade Area Size 0 T sq mi 3.1sq mi 28.3 sq mi 78.5 sq mi

Households

Estimated Households (2020) 0 T 4,274 36,731 70,725 Projected Households (2025) 0 T 4,363 37,500 72,241 Census Households (2010) 0 T 4,156 33,685 65,775 Census Households (2000) 0 T 3,349 25,458 49,973

Projected Annual Growth (2020-2025) - - 89 0.4% 769 0.4% 1,516 0.4%

Historical Annual Change (2000-2020) - - 925 1.4% 11,273 2.2% 20,752 2.1%

Average Household Income

Estimated Average Household Income (2020) $0 T $146,697 $130,983 $130,442 Projected Average Household Income (2025) $0 T $178,314 $159,988 $158,256 Census Average Household Income (2010) $0 T $88,314 $100,459 $97,474 Census Average Household Income (2000) $0 T $84,347 $86,622 $80,951

Projected Annual Change (2020-2025) - - $31,617 4.3% $29,005 4.4% $27,814 4.3%

Historical Annual Change (2000-2020) - - $62,349 3.7% $44,362 2.6% $49,491 3.1%

Median Household Income

Estimated Median Household Income (2020) $0 T $111,049 $104,081 $100,224 Projected Median Household Income (2025) $0 T $129,610 $121,798 $117,022 Census Median Household Income (2010) $0 T $77,717 $87,400 $83,580 Census Median Household Income (2000) $0 T $67,278 $75,609 $70,063

Projected Annual Change (2020-2025) - - $18,561 3.3% $17,717 3.4% $16,798 3.4%

Historical Annual Change (2000-2020) - - $43,771 3.3% $28,472 1.9% $30,161 2.2%

Per Capita Income

Estimated Per Capita Income (2020) $0 T $54,620 $46,826 $44,148 Projected Per Capita Income (2025) $0 T $68,469 $59,082 $55,205 Census Per Capita Income (2010) $0 T $31,798 $34,699 $31,405 Census Per Capita Income (2000) $0 T $29,972 $29,176 $27,144

Demographics

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Housing

Demand for existing housing continues to rise in Santa Clarita Valley, with mortgage rates at or near all-time historic lows. The Median Home price in the Valley as of January

2020, was $685,000, which represents an appreciation rate of 6.4% year over year. Multiple new residential projects are currently under construction representing approximately

7,400 homes, with the largest in California, the Valencia project, formerly known as Newhall Ranch, also breaking ground this year and tallying over 4,055 single family homes

and part of an overall 21,600 planned homes. There are another 28,000 units in the entitlement queue that have not yet started construction or have not yet obtained project

approvals by the City of Santa Clarita or Los Angeles County. Consequently, new housing development represents a strong future stimulus for the regional economy.

New Commercial Development

In tandem with the rest of California, the commercial and industrial development environment is hot in the regional economy. 1.3 million square feet of new industrial space is

under construction, principally at Needham Ranch and in the IAC Commerce Centers with another 2 million plus square feet in various design and permitting stages. A highly

anticipated and recently announced household name tenant, Amazon, executed deals in both of these projects and will occupy approximately 100,000 square feet for expansion

of its distribution facilities. The office and hospitality sectors also remain active with another 330,000 square feet underway along with three hotels set to open later this year.

Industrial vacancy rates remain at a rock bottom 2.1%, with retail and office averaging 4.8% and 8.3%, respectively.

FOR SALE INQUIRIES

Bob Tuler

805.879.9605

[email protected]

John Cserkuti

661.705.3551

[email protected]

Gene Deering

805.879.9623

[email protected]

Justin Diem

805.879.9634

[email protected]

26453–26459 BOUQUET

CANYON RD.

SANTA CLARITA

CA 91350