ARCHIBALD FREEWAY CENTER SHOPS & PADS...MEHRAN FOROUGHI Senior Vice President 3 Park Plaza, 12th Floor License ID Number: 01270056 Direct: 949.724.5527 [email protected]

MEHRAN FOROUGHI Senior Vice President

License ID Number: 01270056 Direct: 949.724.5527

[email protected]

COLLIERS INTERNATIONAL 3 Park Plaza, 12th Floor

Irvine, CA 92614

*Building & Pads may be purchased together as portfolio or separately

2250 South Archibald Avenue, Ontario, CA 91761ARCHIBALD FREEWAY CENTER SHOPS & PADS

$1,985,000

$1,070,000

$1,470,000

Marketing brochure was last updated on October 10, 2017 Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s) 2015. All rights reserved

ARCHIBALD FREEWAY CENTER SHOPS & PADS

Seller has retained Colliers International as exclusive advisor for the sale of the above referenced property. This Analysis has been prepared to provide summary, unverified, information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained here in is not a substitute for a thorough due diligence investigation, nor does it purport to be all inclusive or to contain all of the information which perspective investors may need or desire. All projections have been developed by Seller, Colliers International and designated sources and are based upon assumptions relating to the general economy, competition and other forces beyond the control of the Seller and are therefore subject to variation.

Colliers International has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contamination substances, PCB’s mold or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. No representation is made by Seller or Colliers International as to the accuracy or the completeness of the information contained herein and nothing contained herein is, or shall be replied on as, a promise or representation as to the future performance of the Property. The information contained in this Analysis has been obtained from sources we believe to be reliable; however, Colliers International has not verified, and will not verify, any of the information contained herein, nor has Colliers International conducted any investigation regarding these matters and makes no warranty or representation what so ever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Seller and Colliers International each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers regarding the Property and/or terminate the discussions with any entity at any time with or without notice. Seller shall have no legal commitment or obligations to any entity reviewing the Investment Offering Memorandum, or making an offer to purchase the Property, unless and until such offer is approved by the Seller, a written agreement for the purchase of the Property has been fully executed, delivered and approved by Seller and its legal counsel and any conditions to Seller’s obligations thereunder have been satisfied or waived.

By proceeding forward and accepting in this Analysis, you accept the terms set forth above. The term of this agreement shall be for the later of (i) one (1) year, or (ii) until such a time that Seller no longer owns the Property.

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OFFERING One Multi-Unit Retail Shops Building & Two Available Pads (Portfolio or Individual)

ADDRESS 2250 South Archibald Avenue Ontario, CA 91761

PAD A & B

PRICING PAD A: $1,470,000PAD B: $1,070,000

SQUARE FOOTAGE PAD A: ±42,101 SFPAD B: ±42,764 SF

APN PAD A: 1083-011-20PAD B: 1083-011-18

RETAIL

PRICING $1,985,000

SQUARE FOOTAGE ±29,686 SF

APN 1083-011-19

CAP RATE 5.5%

EXISTING RETAIL BUILDING 5,484 SF (4 UNITS, OCCUPIED BY 3 TENANTS)

YEAR BUILT 2006

CURRENT PARKING ±32 (5.83/1,000 SF)

ZONING C2- CENTRAL BUSINESS COMMERCIAL


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In place

Gross Potential Income $113,753 SF APN TaxExpense Reimbursement $37,291 Land 42,756 1083-011-18 $3,377Total Income $151,044 Retail 1083-011-19 $6,9163.0% Vacancy ($4,531) Land (corner) 42,101 1083-011-20 $3,297Expenses ($37,291) Total $13,589Total Expenses & Vacancy ($41,822)Total Net Operating Income $109,221 Year Built: 2006

Sale Price: $1,985,000Cap Rate 5.50%

Rentable Square Feet 5,484Price/SF $361.96

50% Down Payment $992,50050% Loan Amount $992,500

Debt Service ($66,200)Cash Flow $43,022Cash on Cash 4.33%Principal Reduction (Year 1) $21,987Cash Flow with PR $65,009Cash on Cash including PR 6.55%

Loan Assumptions:

Expenses.Actual expenses are based on new Taxes and increased expenses to 2018 (pro-forma)

Expense Pro-forma 2018Insurance $2,400Estimated Maintenance $1,000Association Fee* $4,056Trash $2,000Management $6,000

Property Taxes $21,835

Total Expenses $37,291

Property is being offered free & clear. New loan assumptions are 4.50% interest rate and 25 year amortization schedule due in 5 years.

Association covers the following: Parking lot lights, striping, asphalt, as well as the exterior paint and pest control.

Address: 2250 South Archibald Avenue, Ontario, CA 91761

In place

Gross Potential Income $113,753 SF APN TaxExpense Reimbursement $37,291 Land 42,756 1083-011-18 $3,377Total Income $151,044 Retail 1083-011-19 $6,9163.0% Vacancy ($4,531) Land (corner) 42,101 1083-011-20 $3,297Expenses ($37,291) Total $13,589Total Expenses & Vacancy ($41,822)Total Net Operating Income $109,221 Year Built: 2006

Sale Price: $1,985,000Cap Rate 5.50%

Rentable Square Feet 5,484Price/SF $361.96

50% Down Payment $992,50050% Loan Amount $992,500

Debt Service ($66,200)Cash Flow $43,022Cash on Cash 4.33%Principal Reduction (Year 1) $21,987Cash Flow with PR $65,009Cash on Cash including PR 6.55%

Loan Assumptions:

Expenses.Actual expenses are based on new Taxes and increased expenses to 2018 (pro-forma)

Expense Pro-forma 2018Insurance $2,400Estimated Maintenance $1,000Association Fee* $4,056Trash $2,000Management $6,000

Property Taxes $21,835

Total Expenses $37,291

Property is being offered free & clear. New loan assumptions are 4.50% interest rate and 25 year amortization schedule due in 5 years.

Association covers the following: Parking lot lights, striping, asphalt, as well as the exterior paint and pest control.

Address: 2250 South Archibald Avenue, Ontario, CA 91761

ARCHIBALD AVENUE

42,674 SFPAD B

42,101 SFPAD A

29,686 SFRETAIL CENTER

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ARCHIBALD FREEWAY CENTER SHOPS & PADSAddress: 2250 South Archibald Avenue, Ontario, CA 91761

Monthly per Sq. Ft. Move-In Expire Date Amount

Martial Arts A 1,397 $2,026 $1.45 6/1/2016 5/30/2021 NNN @ 0.60

June 2018 June 2020 June 2021

$2095.50 $2165.50 $2235.50

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Mike's Deli B 1,345 $2,354 $1.75 9/1/2017 7/31/2023 NNN @ 0.60 None None One (5) Yrs

Alina's Cuisine* C+D 2,742 $5,100 $1.86 4/1/2013 3/31/2018 NNN @ 0.60 None None One (5) Yrs

TOTAL 5,484 $9,479

* Tenant started in 2007. Same operator.

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PROPERTY SUMMARYLocated just north of the Pomona Fwy (6)/Archibald interchange in Ontario, CA, the Archibald Freeway Center Shops and Pads are neighbor to over 500 acres of business and distribution center developments. Offering huge upside potential from lease up of the vacant existing shops building and development/lease/sale of the two vacant land parcels, to an array of commercial/retail tenant uses that are permitted. The building and land parcels may be purchased together as a portfolio or separately.

The scarcity of retail in the immediate area allows tenants to thrive by fulfilling consumer’s daytime retail needs. The commercially zoned parcels represent the majority of the land zoned for retail in the immediate vicinity.

▪ Positioned on connector road to multiple business/industrial parks as well as the Ontario International Airport, which is approximately 1 mile north of the site

▪ Conveniently located just north of the Archibald freeway exit with traffic counts in excess to 236,000 vehicles per day on the State Route 60 Highway and over 20,000 vehicles per day on Archibald at Philadelphia

▪ Dense residential population of approximately 53,000 within a 3 mile radius and 250,000 within a 5 mile radius at a 2.58% growth.

Two pads for development and a retail pad consist of 4 paces occupied by 3 Tenants.

Association is managing the landscaping of the land and strip center including cleaning, parking repair, painting, etc. Make the property management easy.

PROPERTY HIGHLIGHTS


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* Drawn borders are to be used as a reference tool only. Exact dimensions to be confirmed by Buyer.

E Mission Blvd

E Mission BlvdE Philadelphia St

E Riverside Dr

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LA / Ontario International Airport

Whispering Lakes Golf Course

Pacific Plaza

SUBJECT PROPERTY


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Originally founded as a “Model Colony” in the 1880s, the city of Ontario has enjoyed a well-planned expansion and development over its lifetime based on innovation, community service, and family values. The city 9is designed to be an ideal balance between agriculture and urban comforts. In the past years, Ontario has become the economic heart of the region supporting strong agriculture and manufacturing Industries, while maintaining a healthy balance of jobs, housings, educational, and recreational opportunities.

The city is home to the Los Angeles/ Ontario International Airport, only one mile from subject site and handles most of the freight transport from the ports of Los Angeles and Long Beach to the rest of the nation. Major transport companies, such as FedEx and UPS, have outposts in the city, which makes it a national logistics hub.

Ontario’s location has much to do with the visibility of the city’s economy. It is served by a system of freeways, connecting the city to the major employment centers such as Los Angeles and Orange County via the Interstate 10 Freeway, the Interstate 15 Freeway, and the State Route 60 Highway. A portion of the State Route 83, also known as Euclid Avenue, from Philadelphia Street in Ontario to 24th Street in Upland, is listed in the national Register of Historic Places.

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Driving DirectionsFrom I-10 East (Los Angeles)

Get onto I-101 South / I-10 East Keep straight on I-80 E 23.4 miTake CA-71 South 3.9 mi Merge onto CA-60 East 9.6 mi Exit Archibald Avenue and turn left 0.6 mi Destination will be on the left 0.3 mi



Subject Property is 1 hour from Los Angeles and 2 hours from San Diego

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POPULATION 1-MILE 3-MILE 5-MILEProjected Population (2022) 7,000 58,961 267,197Estimated Population (2017) 6,913 56,759 255,617Census Population (2010) 6,931 54,417 239,955Growth 2010-2017 -0.26% 4.30% 6.53%Growth 2017-2022 1.26% 3.88% 4.53%2017 AGE OF POPULATION 1-MILE 3-MILE 5-MILEAverage Age 35.90 34.60 34.50Median Age 34.88 32.96 32.96HOUSEHOLDS 1-MILE 3-MILE 5-MILEProjected Population (2022) 1,958 16,851 75,559

Estimated Population (2017) 1,932 16,194 72,442Census Population (2010) 1,934 15,532 68,703Growth 2010-2017 -0.10% 4.26% 5.44%Growth 2017-2022 1.35% 4.06% 4.30%INCOME STATISTICS 1-MILE 3-MILE 5-MILEAverage Household Income $89,555 $77,169 $74,926Median Household Income $79,068 $63,832 $60,967POPULATION BY RACE 1-MILE 3-MILE 5-MILEWhite Alone 3,500 27,150 125,895

Black or African American Alone 439 4,760 18,391American Indian and Alaska Native Alone 57 544 2,388Asian Alone 455 4,645 26,505Native Hawaiian & Other Pacific Islander Alone 12 178 805Some Other Race Alone 2,024 16,620 69,262Two or More Races 427 2,862 12,371Not Hispanic or Latino 2,501 19,874 94,767Hispanic or Latino 4,412 36,886 160,850



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Exclusively Presented By:

MEHRAN FOROUGHILicense ID Number: 01270056

Senior Vice President949.724.5527

[email protected] Park Plaza, Suite 1200

Irvine, CA 92614

Documents

ARCHIBALD FREEWAY CENTER SHOPS & PADS...MEHRAN FOROUGHI Senior Vice President 3 Park Plaza, 12th Floor License ID Number: 01270056 Direct: 949.724.5527 [email protected]