Multi-Tenant Retail Building For Sale Perfect for Renovation/Redevelopment...

Multi-Tenant Retail Building For SalePerfect for Renovation/Redevelopment ♦ ± 84,320 SF ♦ $5,000,000953 E. Sahara Avenue, Buildings D & F, Las Vegas, Nevada 89104

953 E. Sahara avEnuE, LaS vEgaS, nv 89104

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Paul ChaffeeSenior Vice President

[email protected]

Wil ChaffeeSenior Vice President

[email protected]

Jodi GilbertAssociate

[email protected]

Exclusively listed by Sun Commercial Real Estate, Inc.:6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148

702 | 968 | 7300 Ph • 702 | 968 | 7301 Faxwww.SunCommercialRE.com


CONTACTTEAM

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953 E. Sahara avEnuE, LaS vEgaS, nv 891043 |

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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. Contact Broker for additional information.

Cathy Jones, CPA, SIOR, [email protected]

CONFIDENTIALITY & DISCLOSURE


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Investment SummaryProperty Photos

MARKET OVERVIEW

LOCATION OVERVIEW

Las Vegas Retail & Central East Submarket ReviewArea Demographics

Las Vegas Valley Location MapAerial MapAssessor Parcel Map

PROPERTY OVERVIEW


56

789

10-1112-14

TABLE OF CONTENTS

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THE OFFERING

Sun Commercial Real Estate, Inc. is pleased to offer an exceptional opportunity to purchase two buildings in the iconic Commercial Center. Building 1 consisting of a 67,070 square foot 2 story, multi-tenant office/retail redevelopment opportunity, built in 1964. Building 2 consisting of a 17,250 square foot 2 story multi-tenant office, built in 1971. The total of 84,320 offering offers great exposure to a well traveled, central location within the Las Vegas Valley.

The Commercial Center is anchored by John Fish Jewelers, Tiffany Cleaners, Las Vegas Cue Club, Las Palmas Mexican Restaurant, Jin Mee Korean BBQ/Karaoke, and A Harmony Nail Spa, Asian Mart, and boasts over 150 specialty businesses & shops, Zagat Rated Internationally renowned Lotus Of Siam, Jim Mee 13,000 Square Feet of Table Cooking and Upscale Karaoke (private party rooms available and a total of 14 unique Restaurants. The complex is owned & operated by a select group of Private Investors and managed by Commercial Center Business Association, spans 1,219,680 square-feet with a 1,000 space parking lot and curbside parking. It is the First & Largest open air mall in Las Vegas One Mile East of The Strip, one of the fastest growing urban redevelopments in the United States.

INVESTMENT HIGHLIGHTS

• Ideal for Value-Add Investor• Below Replacement Cost• Easy Access from Sahara & Maryland Pkwy• 1,000 Shared Parking Spots • Pylon Sign • 299’ of Frontage on State Street

PROPERTY LOCATION

The subject property is located on Sahara 1 mile to the East of the Famous Las Vegas Strip. Having the Civic address of 953 E. Sahara Avenue, Las Vegas, Nevada 89104. The property is less than 2 miles from I-15 offering easy access to locations all around the Las Vegas valley. The subject property is in a high traffic location in Central Las Vegas. Sahara and Maryland Parkway. Large Commercial center with a highly profitable income ratio. Contains 1,219,680 square-feet of both retail and office suites.

PROPERTY DESCRIPTION

Building 1 consisting of a 67,070 square foot 2 story, multi-tenant office/retail redevelopment opportunity, built in 1964. Building 2 consisting of a 17,250 square foot 2 story multi-tenant office, built in 1971. The offering offers great exposure to a well traveled, central location within the Las Vegas Valley.


Asking Price:

Site Size:

APN:

Price per SF:

Total Building Area:

$5,000,000

± 1.04 Acres

$59.36

162-10-510-036 & 162-10-510-031

± 67,070 SF; ± 17,250 SF

C-2

Construction Date:

Zoning:

1964; 1971

SUMMARY

INVESTMENT SUMMARY

PROPERTY OVERVIEW

5 | The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

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PROPERTY PHOTOS

PROPERTY OVERVIEW


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LAS VEGAS VALLEY LOCATION MAP

LOCATION OVERVIEW


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AERIALMAP

LOCATION OVERVIEW

The Las Vegas ‘Strip’

SUBJECT PROPERTY

E SAHARA AVE

Turnberry Towers

SLS Las VegasHilton Grand Vacations

Wynn Encore

Allure

Palace Station

Stratosphere

MARYLAND PKWY

E ST.

LOUIS

AVE


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TES

This map is for assessment use only and does NOT represent a survey.

No liability is assumed for the accuracy of the data deliniated herein.Information on roads and other non-assessed parcels may be obtainedfrom the Road Document Listing in the Assessor's Office.

This map is compiled from official records, including surveys and deeds,but only contains the information required for assessment. See therecorded documents for more detailed legal information.

MA

PLE

GE

ND

USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

ASSESSOR'S PARCELS - CLARK CO., NV.

Scale: 1" = 200 ' 02/08/2011

T21S R61E 10 N 2 NE 4 162-10-5

31

30

19

1

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121110987

6 5 4 3 2

3635343332

29 28 27 26

24

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MA

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ROAD EASEMENTPM/LD BOUNDARY

HISTORIC LOT LINEMATCH / LEADER LINE

ROAD PARCEL NUMBERPARCEL NUMERACREAGE

PARCEL SUB/SEQ NUMBER

PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER

10010011.00

202PB 24-45

55

GL5

HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY

15

8 4

Rev:

TAX DIST

0 200 400 600 800100 SECTION LINE

CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL

176

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Michele W. Shafe - Assessor

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B

A

E F

J H

B

DC

COMMERCIAL CENTER

AMD LV INTERNAT'L COUNTRY CLUBTOWNHOUSES NO 1 PM 104-22

"E"

PB 19-64

SHERWOOD PARK

501

PM 103-76

PM 94-91

PM 94-91

SAHARA SQUARE

010

AMDLV INTERNAT'L

COUNTRY CLUBTOWNHOUSES

UNIT 3 LV INTERNAT'L COUNTRY CLUBTOWNHOUSES UNIT 2

TOWNHOUSES UNIT 3

017

97-001 95-001

013

004003

001

016

009

001

018

015

006

014

002

005

0370.34

026029 035

031

014

010 011003 004 005 006 007 008 009

016017018019020021

012

022

015

023

024

013

030

036

034

See Condo List Page

0255.85

0106.74

0110.49

0121.45

00213.16

0041.76

0160.99

0171.8

0034.95

0021.45

0011.7

0201.23

1000.39

1370.39

1060.51

0022.71

0150.31

0242.24

00118.54

0061.39

NO

TES

This map is for assessment use only and does NOT represent a survey.

No liability is assumed for the accuracy of the data deliniated herein.Information on roads and other non-assessed parcels may be obtainedfrom the Road Document Listing in the Assessor's Office.

This map is compiled from official records, including surveys and deeds,but only contains the information required for assessment. See therecorded documents for more detailed legal information.

MA

PLE

GE

ND

USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

ASSESSOR'S PARCELS - CLARK CO., NV.

Scale: 1" = 200 ' 02/08/2011

T21S R61E 10 N 2 NE 4 162-10-5

31

30

19

1

1314

121110987

6 5 4 3 2

3635343332

29 28 27 26

24

25

23222120

18 17 16 15

BO

OK

SEC

.

MA

P

2

3

4

5

6

7

8

1

2

3

4

51

8

7

5

6

4 8

411

PARCEL BOUNDARYSUB BOUNDARY

ROAD EASEMENTPM/LD BOUNDARY

HISTORIC LOT LINEMATCH / LEADER LINE

ROAD PARCEL NUMBERPARCEL NUMERACREAGE

PARCEL SUB/SEQ NUMBER

PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER

10010011.00

202PB 24-45

55

GL5

HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY

15

8 4

Rev:

TAX DIST

0 200 400 600 800100 SECTION LINE

CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL

176

190192

124126 125

141138137 139

161162163164

179177 178

191193

123 122

160

175

189

140

Michele W. Shafe - Assessor

ASSESSORPARCEL MAP

LOCATION OVERVIEW


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8 CoStar Retail Statistics ©2017 CoStar Group, Inc.

Las Vegas � Year-End 2016

Las Vegas Retail MarketYear-End 2016 – Las Vegas

Las Vegas Retail Market

©2017 CoStar Group, Inc. CoStar Retail Statistics 9

General Retail Market Statistics Year-End 2016

YTD Net YTD Under Quoted

Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Central East Las Vegas Ret 639 5,308,323 260,795 349,862 6.6% 153,288 26,670 0 $10.45

Central West Las Vegas Ret 702 6,155,614 168,952 168,952 2.7% 106,749 8,508 18,061 $14.91

East Las Vegas Ret 302 2,045,912 48,723 48,723 2.4% 27,209 12,693 0 $20.84

North Las Vegas Ret 253 1,784,459 82,252 99,322 5.6% 25,869 25,123 7,000 $14.72

Northeast Las Vegas Ret 465 2,648,130 196,733 237,143 9.0% (25,778) 5,500 0 $14.61

Northwest Las Vegas Ret 148 1,777,515 71,077 73,699 4.1% (45,203) 13,869 0 $16.96

Outlying NE Clark Cnty Ret 77 1,011,081 91,217 91,217 9.0% (13,769) 0 0 $13.47

Outlying NW Clark Cnty Ret 3 8,572 0 0 0.0% 0 0 0 $0.00

Outlying S Clark Cnty Ret 22 79,263 0 0 0.0% 0 0 0 $0.00

Resort Corridor Ret 316 3,479,133 216,719 216,719 6.2% (42,312) 0 74,731 $19.99

Southeast Las Vegas Ret 512 5,024,012 157,574 159,878 3.2% 88,995 74,720 20,676 $16.41

Southwest Las Vegas Ret 265 2,852,565 111,489 111,489 3.9% 522,183 530,200 27,640 $25.45

West Las Vegas Ret 176 2,115,680 96,806 96,806 4.6% (40,447) 8,400 0 $23.88

Totals 3,880 34,290,259 1,502,337 1,653,810 4.8% 756,784 705,683 148,108 $15.38

Source: CoStar Property®

Mall Market Statistics Year-End 2016


Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Central East Las Vegas Ret 5 2,731,113 210,760 210,760 7.7% 2,563 0 0 $15.27

Central West Las Vegas Ret 1 970,304 5,650 5,650 0.6% (5,650) 0 0 $16.50

East Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

North Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

Northeast Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

Northwest Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying NE Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying NW Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying S Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Resort Corridor Ret 3 2,951,697 9,000 9,000 0.3% 0 0 0 $0.00

Southeast Las Vegas Ret 3 1,600,250 68,302 68,302 4.3% 5,606 0 0 $26.74

Southwest Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

West Las Vegas Ret 3 1,202,171 160,971 160,971 13.4% 171,234 309,536 107,038 $24.00

Totals 15 9,455,535 454,683 454,683 4.8% 173,753 309,536 107,038 $17.19


Power Center Market Statistics Year-End 2016



Central East Las Vegas Ret 1 622,029 100,089 100,089 16.1% 3,520 0 0 $11.98

Central West Las Vegas Ret 2 1,005,509 13,880 13,880 1.4% 8,006 0 0 $0.00

East Las Vegas Ret 2 895,687 43,291 43,291 4.8% 80 0 0 $13.74

North Las Vegas Ret 5 1,924,375 185,251 185,251 9.6% 19,732 0 0 $19.01

Northeast Las Vegas Ret 1 350,554 4,000 4,000 1.1% 0 0 0 $0.00

Northwest Las Vegas Ret 3 1,298,062 17,398 17,398 1.3% 23,353 0 0 $27.87



Outlying S Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Resort Corridor Ret 1 901,456 145,772 145,772 16.2% 1,261 0 0 $0.00

Southeast Las Vegas Ret 5 2,147,965 89,523 89,523 4.2% 11,488 0 0 $24.39

Southwest Las Vegas Ret 4 3,186,679 95,258 96,862 3.0% 16,157 0 0 $21.51

West Las Vegas Ret 4 1,997,652 36,696 89,786 4.5% (20,256) 0 0 $24.42

Totals 28 14,329,968 731,158 785,852 5.5% 63,341 0 0 $19.61


Existing Inventory Vacancy



Figures at a Glance



Las Vegas Retail MarketYear-End 2016 – Las Vegas



Shopping Center Market Statistics Year-End 2016



Central East Las Vegas Ret 155 6,963,099 933,015 1,046,887 15.0% (7,898) 9,180 56,460 $14.19

Central West Las Vegas Ret 202 9,132,234 1,097,964 1,162,160 12.7% (12,766) 0 0 $13.78

East Las Vegas Ret 56 2,481,183 242,173 250,273 10.1% 108,886 0 0 $14.36

North Las Vegas Ret 74 5,366,306 563,411 670,617 12.5% 121,290 17,930 0 $14.12

Northeast Las Vegas Ret 89 3,611,509 343,098 405,399 11.2% 22,519 0 0 $13.26

Northwest Las Vegas Ret 51 3,571,859 279,818 281,448 7.9% 115,608 0 4,200 $18.32

Outlying NE Clark Cnty Ret 10 459,275 87,063 87,063 19.0% (8,362) 0 0 $11.81


Outlying S Clark Cnty Ret 3 146,296 51,000 51,000 34.9% (51,000) 0 0 $0.00

Resort Corridor Ret 21 403,590 27,242 27,242 6.7% 7,173 0 16,698 $23.38

Southeast Las Vegas Ret 183 11,492,001 1,234,389 1,437,800 12.5% 361,315 11,801 20,012 $16.33


West Las Vegas Ret 81 4,801,822 474,768 475,743 9.9% 72,635 0 0 $32.85

Totals 1,026 52,156,530 5,687,222 6,256,765 12.0% 815,105 92,380 192,281 $16.58


Specialty Center Market Statistics Year-End 2016



Central East Las Vegas Ret 1 182,863 30,000 30,000 16.4% 0 0 0 $0.00

Central West Las Vegas Ret 2 284,316 0 0 0.0% 0 0 0 $0.00

East Las Vegas Ret 1 10,000 0 0 0.0% 0 0 0 $0.00

North Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

Northeast Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

Northwest Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00



Outlying S Clark Cnty Ret 2 618,034 64,536 64,536 10.4% 4,442 0 0 $24.44

Resort Corridor Ret 3 1,190,319 146,188 146,188 12.3% 0 0 0 $17.70

Southeast Las Vegas Ret 2 593,396 49,470 49,470 8.3% 32,428 0 0 $25.77

Southwest Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

West Las Vegas Ret 1 74,069 6,412 6,412 8.7% (3,012) 0 0 $25.93

Totals 12 2,952,997 296,606 296,606 10.0% 33,858 0 0 $23.05


Total Retail Market Statistics Year-End 2016


Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Central East Las Vegas Ret 1,054 15,807,427 1,534,659 1,737,598 11.0% 151,473 35,850 56,460 $13.33

Central West Las Vegas Ret 1,202 17,547,977 1,286,446 1,350,642 7.7% 96,339 8,508 18,061 $13.97

East Las Vegas Ret 483 5,432,782 334,187 342,287 6.3% 136,175 12,693 0 $15.05

North Las Vegas Ret 616 9,075,140 830,914 955,190 10.5% 166,891 43,053 7,000 $14.91

Northeast Las Vegas Ret 688 6,610,193 543,831 646,542 9.8% (3,259) 5,500 0 $13.65

Northwest Las Vegas Ret 387 6,647,436 368,293 372,545 5.6% 93,758 13,869 4,200 $18.58

Outlying NE Clark Cnty Ret 98 1,470,356 178,280 178,280 12.1% (22,131) 0 0 $12.25

Outlying NW Clark Cnty Ret 3 8,572 0 0 0.0% 0 0 0 $0.00

Outlying S Clark Cnty Ret 29 843,593 115,536 115,536 13.7% (46,558) 0 0 $24.44

Resort Corridor Ret 376 8,926,195 544,921 544,921 6.1% (33,878) 0 91,429 $19.97

Southeast Las Vegas Ret 1,257 20,857,624 1,599,258 1,804,973 8.7% 499,832 86,521 40,688 $17.33


West Las Vegas Ret 531 10,191,394 775,653 829,718 8.1% 180,154 317,936 107,038 $30.64

Totals 7,370 113,185,289 8,672,006 9,447,716 8.3% 1,842,841 1,107,599 447,427 $16.73





Figures at a Glance

LAS VEGAS RETAIL & CENTRAL EAST LAS VEGAS

SUBMARKET REVIEW

MARKET OVERVIEW


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Year-End 2016 – Las Vegas

Las Vegas Retail MarketMarket Highlights – Class “A, B & C”

C e n t r a l E a s t L a s V e g a s M a r k e t

Deliveries, Absorption & Vacancy Historical Analysis, All Classes


Vacant Space Quoted Rental RatesHistorical Analysis, All Classes Historical Analysis, All Classes

Source: CoStar Property® Source: CoStar Property®

Net QuotedPeriod # Bldgs Total RBA Vacant SF Vacancy % Absorption # Bldgs Total RBA # Bldgs Total RBA Rates

2016 4q 1,054 15,807,427 1,737,598 11.0% 19,888 2 20,240 2 56,460 $13.33

2016 3q 1,052 15,787,187 1,737,246 11.0% 112,679 0 0 4 76,700 $13.39

2016 2q 1,052 15,787,187 1,849,925 11.7% 81,305 2 15,610 3 62,540 $13.12

2016 1q 1,050 15,771,577 1,915,620 12.1% (62,399) 0 0 5 78,150 $13.08

2015 4q 1,050 15,771,577 1,853,221 11.8% 100,986 2 44,294 4 35,850 $12.91

2015 3q 1,048 15,727,283 1,909,913 12.1% 141,273 1 2,129 5 70,964 $12.75

2015 2q 1,047 15,725,154 2,049,057 13.0% (48,642) 1 1,975 5 70,013 $12.67

2015 1q 1,046 15,723,179 1,998,440 12.7% (71,094) 1 60,000 5 69,859 $12.30

2014 4q 1,045 15,663,179 1,867,346 11.9% 24,164 0 0 4 106,269 $13.92

2014 3q 1,046 15,666,027 1,894,358 12.1% (4,577) 0 0 2 98,430 $14.55

2014 2q 1,047 15,671,247 1,895,001 12.1% (3,334) 1 40,258 1 60,000 $14.69

2014 1q 1,047 15,636,529 1,856,949 11.9% (28,876) 0 0 2 100,258 $14.01

2013 4q 1,047 15,636,529 1,828,073 11.7% 368,166 3 356,191 2 100,258 $14.17

2013 3q 1,044 15,280,338 1,840,048 12.0% (6,639) 0 0 3 356,191 $13.61

2013 2q 1,044 15,280,338 1,833,409 12.0% 83,558 2 16,291 3 356,191 $13.70

2013 1q 1,043 15,274,224 1,910,853 12.5% 131,359 0 0 4 370,214 $13.95


UC InventoryDelivered InventoryExisting Inventory Vacancy

(0.100)

(0.050)

0.000

0.050

0.100

0.150

0.200

0.250

0.300

0.350

0.400

2013 1q 2013 2q 2013 3q 2013 4q 2014 1q 2014 2q 2014 3q 2014 4q 2015 1q 2015 2q 2015 3q 2015 4q 2016 1q 2016 2q 2016 3q 2016 4q

9.5%

10.0%

10.5%

11.0%

11.5%

12.0%

12.5%

13.0%

13.5%

Delivered SF Absorption SF Vacancy

$11.60

$11.80

$12.00

$12.20

$12.40

$12.60

$12.80

$13.00

$13.20

$13.40

$13.60

2015 1q 2015 3q 2016 1q 2016 3q

Dollars

/SF/Y

ear

0.00

0.50

1.00

1.50

2.00

2.50

2015 1q 2015 2q 2015 3q 2015 4q 2016 1q 2016 2q 2016 3q 2016 4q

Direct SF Sublet SF

LAS VEGAS RETAIL & CENTRAL EAST LAS VEGAS

SUBMARKET REVIEW

MARKET OVERVIEW


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Demographic and Income Profile953 E Sahara Ave, Las Vegas, Nevada, 89104 Prepared by EsriRing: 1 mile radius Latitude: 36.14395

Longitude: -115.14228

Summary Census 2010 2016 2021Population 21,027 22,487 24,126Households 8,440 8,957 9,579Families 4,360 4,555 4,830Average Household Size 2.47 2.49 2.50Owner Occupied Housing Units 3,161 3,029 3,196Renter Occupied Housing Units 5,279 5,928 6,382Median Age 38.0 39.2 39.5

Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 1.42% 1.43% 0.84%Households 1.35% 1.30% 0.79%Families 1.18% 1.28% 0.72%Owner HHs 1.08% 1.29% 0.73%Median Household Income -0.11% 2.14% 1.89%

2016 2021 Households by Income Number Percent Number Percent

<$15,000 1,864 20.8% 2,014 21.0%$15,000 - $24,999 1,352 15.1% 1,379 14.4%$25,000 - $34,999 1,184 13.2% 1,358 14.2%$35,000 - $49,999 1,287 14.4% 948 9.9%$50,000 - $74,999 1,493 16.7% 1,656 17.3%$75,000 - $99,999 797 8.9% 952 9.9%$100,000 - $149,999 574 6.4% 755 7.9%$150,000 - $199,999 165 1.8% 223 2.3%$200,000+ 242 2.7% 294 3.1%

Median Household Income $35,664 $35,460Average Household Income $52,910 $57,722Per Capita Income $22,017 $23,795

Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,437 6.8% 1,439 6.4% 1,539 6.4%5 - 9 1,255 6.0% 1,324 5.9% 1,389 5.8%10 - 14 1,135 5.4% 1,184 5.3% 1,248 5.2%15 - 19 1,215 5.8% 1,218 5.4% 1,227 5.1%20 - 24 1,408 6.7% 1,637 7.3% 1,687 7.0%25 - 34 3,158 15.0% 3,176 14.1% 3,578 14.8%35 - 44 2,996 14.2% 2,989 13.3% 3,064 12.7%45 - 54 3,046 14.5% 3,044 13.5% 3,036 12.6%55 - 64 2,628 12.5% 2,970 13.2% 3,163 13.1%65 - 74 1,511 7.2% 2,071 9.2% 2,455 10.2%75 - 84 915 4.4% 1,054 4.7% 1,322 5.5%

85+ 324 1.5% 381 1.7% 418 1.7%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 11,781 56.0% 11,906 52.9% 12,057 50.0%Black Alone 1,700 8.1% 1,942 8.6% 2,157 8.9%American Indian Alone 230 1.1% 246 1.1% 258 1.1%Asian Alone 1,735 8.3% 1,985 8.8% 2,304 9.5%Pacific Islander Alone 132 0.6% 143 0.6% 158 0.7%Some Other Race Alone 4,539 21.6% 5,235 23.3% 6,046 25.1%Two or More Races 909 4.3% 1,031 4.6% 1,147 4.8%

Hispanic Origin (Any Race) 9,855 46.9% 11,165 49.7% 12,538 52.0%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

January 11, 2017

©2016 Esri Page 1 of 6



AreaStateUSA

Trends 2016-2021Trends 2016-2021

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20162021

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2016 Household Income 2016 Household Income

<$15K20.8%

$15K - $24K15.1%

$25K - $34K13.2%

$35K - $49K14.4%

$50K - $74K16.7%

$75K - $99K8.9%

$100K - $149K6.4%

$150K - $199K1.8%

$200K+2.7%

2016 Population by Race2016 Population by Race

Perc

ent

50

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2016 Percent Hispanic Origin: 49.7%


January 11, 2017


AREA DEMOGRAPHICS(1 MILE RADIUS)

MARKETOVERVIEW


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<$15,000 15,720 23.1% 16,931 23.5%$15,000 - $24,999 11,765 17.3% 12,017 16.7%$25,000 - $34,999 10,354 15.2% 12,417 17.3%$35,000 - $49,999 10,797 15.9% 8,070 11.2%$50,000 - $74,999 9,842 14.5% 10,814 15.0%$75,000 - $99,999 4,550 6.7% 5,268 7.3%$100,000 - $149,999 3,032 4.5% 3,868 5.4%$150,000 - $199,999 995 1.5% 1,403 2.0%$200,000+ 948 1.4% 1,139 1.6%



0 - 4 11,523 7.0% 11,232 6.5% 11,805 6.5%5 - 9 9,906 6.0% 10,121 5.9% 10,368 5.7%10 - 14 8,804 5.3% 9,209 5.3% 9,635 5.3%15 - 19 10,213 6.2% 9,939 5.8% 10,389 5.7%20 - 24 12,607 7.6% 13,173 7.6% 13,338 7.3%25 - 34 25,283 15.3% 25,730 14.9% 26,904 14.7%35 - 44 23,069 13.9% 22,670 13.1% 23,688 13.0%45 - 54 23,538 14.2% 22,759 13.2% 22,312 12.2%55 - 64 19,878 12.0% 21,976 12.7% 23,103 12.6%65 - 74 11,884 7.2% 15,557 9.0% 18,746 10.3%75 - 84 6,716 4.1% 7,551 4.4% 9,388 5.1%

85+ 2,275 1.4% 2,754 1.6% 3,121 1.7%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 86,585 52.3% 84,710 49.1% 84,496 46.2%Black Alone 20,283 12.2% 22,501 13.0% 24,553 13.4%American Indian Alone 1,664 1.0% 1,733 1.0% 1,795 1.0%Asian Alone 11,139 6.7% 12,500 7.2% 14,396 7.9%Pacific Islander Alone 995 0.6% 1,042 0.6% 1,124 0.6%Some Other Race Alone 37,355 22.5% 41,654 24.1% 47,023 25.7%Two or More Races 7,673 4.6% 8,530 4.9% 9,411 5.1%



January 11, 2017




AreaStateUSA

Trends 2016-2021Trends 2016-2021

Ann

ual R

ate

(in

perc

ent)

2

1.5

1

0.5

0

Population Households Families Owner HHs Median HH Income

20162021


Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K23.1%

$15K - $24K17.3%

$25K - $34K15.2%

$35K - $49K15.9%

$50K - $74K14.5%

$75K - $99K6.7%

$100K - $149K4.5%

$150K - $199K1.5%

$200K+1.4%


Perc

ent

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+



January 11, 2017



MARKETOVERVIEW


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<$15,000 34,081 19.2% 36,619 19.6%$15,000 - $24,999 28,516 16.0% 28,920 15.5%$25,000 - $34,999 26,351 14.8% 30,633 16.4%$35,000 - $49,999 29,609 16.7% 20,920 11.2%$50,000 - $74,999 30,195 17.0% 34,879 18.7%$75,000 - $99,999 14,955 8.4% 17,223 9.2%$100,000 - $149,999 9,360 5.3% 11,708 6.3%$150,000 - $199,999 2,640 1.5% 3,633 1.9%$200,000+ 2,011 1.1% 2,371 1.3%



0 - 4 38,413 8.0% 37,941 7.5% 39,876 7.5%5 - 9 34,694 7.2% 35,296 7.0% 36,318 6.8%10 - 14 31,688 6.6% 32,608 6.5% 34,194 6.4%15 - 19 33,921 7.0% 32,570 6.5% 33,678 6.3%20 - 24 36,304 7.5% 38,473 7.6% 38,511 7.2%25 - 34 72,822 15.1% 76,036 15.1% 80,245 15.1%35 - 44 67,581 14.0% 66,002 13.1% 69,378 13.1%45 - 54 63,216 13.1% 62,430 12.4% 61,695 11.6%55 - 64 50,064 10.4% 55,637 11.1% 59,273 11.2%65 - 74 31,425 6.5% 40,141 8.0% 47,082 8.9%75 - 84 17,005 3.5% 19,399 3.9% 23,712 4.5%

85+ 5,436 1.1% 6,570 1.3% 7,406 1.4%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 241,122 50.0% 236,275 47.0% 234,979 44.2%Black Alone 61,561 12.8% 67,257 13.4% 72,551 13.7%American Indian Alone 4,295 0.9% 4,451 0.9% 4,591 0.9%Asian Alone 27,531 5.7% 30,747 6.1% 35,108 6.6%Pacific Islander Alone 2,937 0.6% 3,069 0.6% 3,299 0.6%Some Other Race Alone 122,276 25.3% 136,078 27.0% 153,211 28.8%Two or More Races 22,849 4.7% 25,227 5.0% 27,629 5.2%



January 11, 2017




AreaStateUSA

Trends 2016-2021Trends 2016-2021

Ann

ual R

ate

(in

perc

ent)

2

1.5

1

0.5

0

-0.5

Population Households Families Owner HHs Median HH Income

20162021


Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K19.2%

$15K - $24K16.0%

$25K - $34K14.8%

$35K - $49K16.7%

$50K - $74K17.0%

$75K - $99K8.4%

$100K - $149K5.3%

$150K - $199K1.5%

$200K+1.1%


Perc

ent

45

40

35

30

25

20

15

10

5

White Black Am. Ind. Asian Pacific Other Two+



January 11, 2017



MARKETOVERVIEW


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Sunrise Ridge Professional Plaza$3,448,000 ♦ Receivership Sale ♦ 27,584 SF2920 Green Valley Parkway, Building 5, Henderson, Nevada 89014

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.

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

Paul ChaffeeSenior Vice President

[email protected]

Wil ChaffeeSenior Vice President

[email protected]

Jodi GilbertAssociate

[email protected]

Exclusively listed by: Sun Commercial Real Estate, Inc.:

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