1115 14TH STREET

NNN LEASED INVESTMENT | OFFERING MEMOR ANDUM

MODESTO, CALIFORNIA

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Jones Lang LaSalle Brokerage, Inc. RE License #01856260

TRANSACTION ADVISORS

500 Capitol Mall, Suite 2300Sacramento, CA 95814

Tel: +1 916.447.6300www.jll.com/Sacramento

Michael StassiSenior Vice President

T +1 916 440 1824RE License #01198564

Daniel BakerVice President

T +1 916 440 1839RE License #01705912

LIMITING CONDITIONS

This Offering Memorandum is provided for the sole purpose of allowing a potential investor to evaluate whether there is interest in proceeding with further discussions regarding a possible purchase of, or investment in, the subject Property (the “Property”).

The potential investor is urged to perform its own examination and inspection of the Property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information contained herein or otherwise provided.

Neither JLL, nor any of its partners, directors, officers, employees and agents (”Sales Agents”), nor the owner its partners or property manager, make any representations or warranties, whether expressed or implied, by operation of law or otherwise, with respect to this brochure or the Property or any materials, statements (including financial statements and projections) or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the Property, or assumes any responsibility with respect thereto. Such materials, statements, and information have in many circumstances been obtained from outside sources, and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given.

1115 14TH STREETpage 2

E X E C U T I V E S U M M A R Y 04I N V E S T M E N T H I G H L I G H T S 05P R O P E R T Y D E S C R I P T I O N 06P A R C E L M A P 07SITE & FLOOR PLAN 08T E N A N T P R O F I L E 09LEASE SUMMARY 10OFFERING GUIDELINES 11


EXECUTIVE SUMMARYJLL is pleased to offer 1115 14 th Street , a 100% NNN leased off ice building located in Modesto, California. Occupied by a secure and established tenant, this offering provides investment stability in a long-term lease.

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P R I C E $ 2 , 1 0 0 , 0 0 0 ( $ 2 7 2 / S F )

Y E A R O N E N O I $ 1 4 7 , 2 3 1

C A P R A T E 7 . 0 0 %

B U I L D I N G S I Z E ± 7 , 7 1 6 S F

T E N A N C Y T h e r a p e u t i c P a t h w a y s ( w w w . t p a t h w a y s . o r g )


http://www.tpathways.org

INVESTMENT HIGHLIGHTS Single-tenant 100% leasedLong-term lease with strong and secure occupantNNN Lease structure19+ year tenancyHigh growth industry sector


PROPERTY DESCRIPTION:

B U I L D I N G S Q U A R E F O O T A G E ± 7 , 7 1 6

P A R C E L S I Z E ± 0 . 6 8 a c r e s ( ± 2 9 , 6 2 0 S F )

A S S E S S O R P A R C E L N U M B E R 1 0 5 - 0 1 7 - 0 1 4

C O U N T Y S t a n i s l a u s

Z O N I N G C 2 ( M e d i c a l B u i l d i n g / C l i n i c )

Y E A R B U I L T 1 9 7 0 ( E x t e r i o r r e m o d e l i n 2 0 0 9 & u p d a t e d i n t e r i o r s i n 2 0 1 4 )

N U M B E R O F F L O O R S O n e

P A R K I N G ± 3 6 s t a l l s

R O O F 2 0 y e a r T P O r o o f i n s t a l l e d i n 2 0 1 7

H V A C F o u r ( 4 ) i n d e p e n d e n t u n i t s i n s t a l l e d i n 2 0 0 8 & 2 0 0 9

G E N E R A L I N F O R M A T I O N


PARCEL MAP:

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SITE PLAN:

FLOOR PLAN:


TENANT PROFILE

Therapeutic Pathways ( w w w . t p a t h w a y s . o r g ) Therapeutic Pathways is proud to offer their applied behavior analysis (ABA) therapy programs at the Kendall Center in Modesto. ABA therapy is a science-backed approach to improve problem behavior and encourage social behavior in children with autism.

Located just an hour and a half from San Francisco, our Modesto Kendall Center utilizes the latest, most diligently-researched methods of ABA therapy. Among many other benefits, this type of treatment helps develop social and communication skills, motor and self-help skills, and daily living skills, including money management.

Therapeutic Pathways provides a safe, attentive, and understanding environment. They believe successful therapy programs are those that create a strong connection between staff and clients. Their credentialed Clinical Teams work closely with each child, meeting them where they are and helping them progress to meet their individualized goals.

At the Kendall Center, they are committed to helping every child with autism develop and refine the skills that will help them lead independent, satisfying, and full lives.

Therapeutic Pathways created the Kendall Center to expand their reach to areas beyond Sacramento and San Francisco. Through compassionate care and science-backed methodology, they help children achieve what was previously thought impossible.

They support and believe in every child in their care; their goal is to help children with autism live the best life they can, and they can help your child, too.


http://www.tpathways.org

LEASE SUMMARY

Therapeutic Pathways (https://www.tpathways.org/)

1115 14th Street, Modesto, CA 95352

7,716 SF

2003

January 1, 2017 to December 31, 2026

NNN

Landlord, at Landlord’s sole cost and expense, shall keep the foundations, exterior walls, structural condition of interior bearing walls, exterior roof, fire sprinkler system, and fire alarm system of the Building in good repair.

S t a r t E n d M o n t h l y $ / S F A n n u a l

JANUARY 1, 2021 DECEMBER 31, 2021 $11,970.00 $1.55 $143,640.00






Two (2) five (5) year options to extend the lease at the then Fair Market Value with no less than six (6) months advanced written notice.

T E N A N T :

L O C A T I O N :

L E A S E A R E A :

O R I G I N A L O C C U P A N C Y :

T E R M :

R E N T :

L E A S E T Y P E :

L A N D L O R D R E S P O N S I B I L I T I E S :

O P T I O N S T O E X T E N D :


https://www.tpathways.org/

The offering of 1115 14th Street is being distributed exclusively by JLL to a select group of investors. The prospective investor will be selected by the Seller in its sole and absolute discretion. JLL will be available to answer questions relative to information contained within this Offering Memorandum.

OFFERING GUIDELINES

We recommend the following information to be submitted with your offer:

Offer should be in a non-binding letter form Purchase price Source(s) of capital (including debt and equity and relative ratios) Deposit structure, to include timing and amount of non-refundable deposits Outline of proposed schedule for due diligence and closing List of contingencies, including buyer’s internal approval process required to close


C O N T A C T D E T A I L S

All inquiries should be directed to the following JLL professionals:

Michael StassiTel: +1 [email protected] License #01198564

Daniel BakerTel: +1 [email protected] License #01705912

Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2018. Jones Lang LaSalle. All rights reserved.

Jones Lang LaSalle Brokerage, Inc., RE License #01856260.

500 Capitol Mall, Suite 2300 | Sacramento, CA 95814www.jll.com

MODESTO, CALIFORNIA

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1115 14TH STREET

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