Sun. Offering Memorandum 40,000 SF Industrial Shell Building Less than 1.5 miles from the Raiders Stadium

Transcription

1 Offering Memorandum 40,000 SF Industrial Shell Building Less than.5 miles from the Raiders Stadium Sun Commercial Real Estate, Inc. The Las Vegas Strip 6-Acre Site $.9B Raiders Stadium S Valley View Blvd SUBJECT PROPERTY W Post Rd.5 MILES TO THE STADIUM Arville St W Sunset Rd Industrial Build-to-Suit Post Road & Arville Street Las Vegas, Nevada 898

2 Contact Team Cathy Jones, CPA, SIOR, CCIM CEO Roy Fritz Senior Vice President Jessica Cegavske Vice President Jennifer Lehr Senior Associate Exclusively listed by: Sun Commercial Real Estate, Inc. 640 Brent Thurman Way, Suite 40, Las Vegas, Nevada Ph Fax

3 Disclaimer 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, CCIM CEO cathyj@suncommercialre.com

4 Table of Contents Building Rendering Property Overview Section Investment Highlights Property Summary Proposed Floor Plan Proposed Site Plan Location Overview Section Raiders Stadium -.5 Miles Away Las Vegas New Developments Las Vegas Data Las Vegas Valley Location Map Location Aerial Map Assessor Parcel Map Market Overview Section 3 Las Vegas Industrial & SW Las Vegas Submarket Review Area Demographics

5 Investment Highlights THE OFFERING The Investment Services Group at Sun Commercial Real Estate has been exclusively retained to offer qualified investors the opportunity to acquire a 40,000 SF industrial shell building less than.5 miles from the soon to be constructed 65,000 seat Las Vegas Raiders stadium. The building will feature 36,000 SF of warehouse space and 4,000 SF of Office, six (6) dock doors, two () grade door, clear heights on.36 Gross acre lots. At this time there is still the opportunity to provide input on design features to make the property suit your unique requirements. INVESTMENT HIGHLIGHTS Brand New Construction - Delivery Date Summer 08 Ground Zero Location to the Stadium - Less than.5 miles from the to be constructed 65,000 seat Las Vegas Raiders Stadium Design Your Features - Provide input on design features to make the property suit your unique requirements High Power Availability - Currently 400 amps of 77/480V power in place with ability to pull up to a total of 4000 amps to the property SUMMARY Asking Price: Square Footage: $6,50,000 ($56 PSF) 40,000 SF Dock Doors: Six (6) Grade Doors: Two () Lot Size (Net): Clear Height:.36 Acres Power: Delivery Date: 500 amps, 77/480V, 3 Phase Ability to pull 4000 amps Summer 08

6 Property Summary Property Description: The site has been approved for the development of a 40,000 SF front loading industrial building and is scheduled to be delivered in the summer of 08, subject to permitting and construction timelines. At this time there is still the opportunity to provide input on design features to make the property suit your unique requirements. Property Location: The site is less than one mile from the 5 Beltway and I-5 providing easy and convenient access to both freeways. The Las Vegas Strip and McCarran International Airport are approximately.5 miles east of the property. The southwest industrial submarket is the strongest industrial submarket in the Las Vegas Valley due to it s proximity to the Las Vegas Strip. The New Las Vegas Raiders stadium site (completion 00) is located only.5 miles to the northeast. One mile east of the property lies Town Square, a 7 acre shopping, dining, and entertainment center on Las Vegas Boulevard comprised of,500,000 square feet of retail and 353,000 square feet of office space. Property Summary Details Building SF: 40,000 SF Gross Frontage: Approx. 340 along Post Rd. Site Size - Acres: Site Size - SF: Clear Height: Dock Doors: ±.36 Gross ±0,80 Gross Feet Six (6) Assessor Parcel Numbers: Estimated Completion: Planned Power: and Summer amps, 77/480V, 3 Phase Ability to pull 4000 amps Grade Doors: Two () Dock Apron: 60 fully reinforced concrete Zoning: M- Asking Price: $6,50,000 ($56 PSF)

7 Proposed Floor Plan Parcel Number GRID DIMS. PANEL DIMS. 4'-6" 4'-6" 4'-6" 4'-6" 4'-6" 4'-6" 6'-6" 5'-0" 5'-0" 5'-0" 8'-0" 8'-0" 8'-0" 8'-0" 8'-0" 8'-0" 8'-0" 5'-0" 5'-0" 5'-0" 6'-6" Building SF Office 40,000 SF 4,000 SF F 3'-0" 0" 3'-0" 0" Warehouse 36,000 SF 36'-0" 8'-0" GRADE DOOR GRADE DOOR 8'-0" Lot Size.36 Net Acres E 0,80 SF 8'-0" 8'-0" Clear Height Feet 36'-0" '-6" 4'-8" Dock Doors 6 Grade Doors D 8'-0" 8'-0" '-0" 4'-0" 6'-0" 4 WAREHOUSE 36,000 SF '-0" 7'-0" 3'-0" 8'-0" 8'-" Electrical 500 amps, 77/480V, 3 Phase (Ability to pull 4000 amps) 36'-0" 8'-0" '-0" '-" '-0" 3'-0" 5 3 3'-0" 3'-0" '-0" '-0" 8'-0" Column Width 4 6 C 36'-0" B 4'-0" A 50'-0" 8'-0" 8'-0" GRID DIMS. PANEL DIMS. Parking Stalls 8 5'-0" 8'-0" Parking Ratio./,000 SP '-" 5'-0" Street Frontage '-" " C 50'-0" 50'-0" 3'-" 5'-0" C 3'-" C A B A C A 0 9'-0" 3'-0" 5'-" 0" 0" 8'-0" 0'-0" PANEL DIMS. 340 Feet Delivery Date Summer 08 (3) Dock Doors (3) Dock Doors Price $6,50,000 Price Per SF $56 OFFICE,000 SF OFFICE,000 SF PANEL DIMS. 4'-5" 3'-7" 0'-0" 5'-0" 5'-0" 7'-6" 5'-0" 5'-0" 8'-0" 5'-0" 5'-0" 7'-6" 5'-0" 5'-0" 0'-0" 8'-0" 3'-0" 4'-6" 5'-6" 7'-0" 56'-6" 56'-6" 7'-0" 5'-6" 4'-6" 3'-0" NORTH

8 Proposed Site Plan

9 Raiders Stadium -.5 Miles Away After a 3- approval vote to move to Las Vegas, the Oakland Raiders recently closed on a 6-acre parcel adjacent to the Las Vegas Strip that will house the new $.9 billion stadium set to open in 00. The project was unanimously recommended to the legislature by an -member committee that included executives from six casino businesses that make money from legal sports gambling Caesars Entertainment, Boyd Gaming, MGM Resorts International, Wynn Resorts, Las Vegas Sands Corp. and Station Casinos. A state-backed economic impact report shows a total economic output of $60 million, as well as $35 million new tax dollars each year.

10 Las Vegas New Developments $3.6 Billion in New Capital Investment is Driving Growth Resorts World Las Vegas - $4.0 Billion. Las Vegas Stadium - $.9 Billion $4 billion Strip resort project with a heavy Asian theme began construction in 07. Resorts World, developed by the Genting Group, is being built at the former site of the Stardust and Echelon. Genting, which bought the site from Boyd in 03 for $350 million, will be using the partially constructed Echelon structures for this property. With a projected opening set for 00, the initial phase will have 3,00 rooms, a 00,000-square-foot casino, shops and restaurants spread across its 88-acre site. The Oakland Raiders will move to Las Vegas for the 00 NFL season. The groundbreaking ceremony took place in November 07 for a new $.9 billion stadium just west of the Strip. The venue s horse-shoe shape, designed by Manica Architecture, would accommodate 65,000 spectators, 8,000 cars, tailgating amenities and mixed-use commercial facilities. The design shows a retractable natural turf field. This venue would also allow Las Vegas to host the annual Super Bowl.

11 Las Vegas Valley Overview 3. Wynn Paradise Park - $.5 Billion 4. Convention Center Expansion - $.4 Billion Wynn Resorts Ltd. is building its third hotel behind its two Las Vegas casinos, an ambitious Carnivale themed project called Wynn Paradise. The $.5 billion resort will take the place of the golf course and feature,500 rooms around a 38-acre lagoon, a small casino, restaurants and nightclubs. The lake will have a white sandy beach, a boardwalk, water skiing, paddle boating, zip lines/gondola, and nightly fireworks. Heavy duty construction should begin by spring 08 with a 00 debut. 5. Union Village - $. Billion Las Vegas Convention Center will be renovated and expanded into a $.4 billion Las Vegas Global Business District. Planned in four phases, new facilities will replace the 6-acre Riviera Hotel site, adding ±.4 million square-feet of exhibit and meeting space. Phase Two of the project is projected to be completed in 00. Expected to draw an additional 600,000 visitors a year, drive $. billion in economic activity during construction and have an annual economic impact of $80 million when finished. 6. Switch - $ Billion Union Village will be the first Integrated Health Village in the world, and is listed as the largest healthcare building project in the United States. The $. billion dollar, 55-acre planned development not only covers healthcare, but retail, entertainment, and senior living as well. Approximately 355,000 square feet have been completed, totaling $0 million in work, with another 476,000 square feet to be under construction by the end of 07. Switch is a globally recognized leader in future-proof data center design, superscale cloud, unparalleled telecom gateways and energy sustainability. Its Southern Nevada expansion includes a $ billion data storage site on 00 acres near its two existing data storage facilities at South Jones Boulevard and the 5 Beltway. Idea to link 50 million people within 4 milliseconds of data hosted at each of the company s data hubs via a superloop of fiber optic cable connecting its Reno and Las Vegas supernaps sites, with a planned facilities in LA and SF.

12 Las Vegas Valley Overview 7. Project Neon - $ Billion 8. Extreme Sports Park - $800 Million Project Neon is the largest public works project in Nevada history. $ billion effort to redesign and widen Interstate 5 from the U.S. Highway 95 interchange to Sahara Avenue by July 09. Currently this road is the busiest stretch of highway in Nevada with 0,000 vehicles daily. Traffic through the corridor is expected to double by Palms Renovation - $485 Million Josh Kearney s $800M extreme sports park called The Edge received county approval in 07. -acre at the SEC of Las Vegas Boulevard and Sunset Road, adjacent to Town Square Las Vegas, a.m SF class A open air shopping, dining, office and entertainment center. The Park is expected to have surfing/wake boarding/rock climbing/mountain biking/indoor skydiving/bungee jumping/zip lines and a 5-story, 640 room hotel with a casino, convention space, restaurants and two rooftop pools. Project will take approximately.5 years to complete. 0. Park MGM (Former Monte Carlo) - $450 Million Station Casinos will enhance nearly every feature of the resort by investing $485 million in improvements. Plans include redesigned/renovated hotel rooms, 60 new hotel rooms, 9,000 square foot nightclub, new 73,000 square foot pool club, several celebrity chef restaurants, new spa, meeting/convention space, new covered parking spaces, refresh of the Pearl Theater, renovated casino floor, and a new front desk registration area to name a few. First phase underway and the second phase is expected to be completed by early 09. A transformation occurring in Las Vegas is the conversion of the Monte Carlo into two hotels: a,700-room luxury resort Park MGM and a 9-room hotel NoMad Las Vegas. This $450 million makeover is projected to be completed by the end of 08. The new resort will feature two hotels, redesigned rooms, an Italian market Eataly with cafes, walk-up counters and dine-in restaurants. The properties will have amenities such as dining and casinos as well as a 5,0-seat theater at the Park MGM.

13 Las Vegas Data - Breaking Records 4.9 Million Las Vegas 06 Visitor Volume 47.4 Million McCarran Airport 06 Passengers Billion 6.3 Million. Million $8K 06 Clark County Gaming Revenue 06 Convention Center Delegates Visits Clark County Population Existing Home Median Closing Price

14 Las Vegas Valley Location Map

15 Location Aerial Map

16 Assessor Parcel Map NOTES > > This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information USE THIS SCALE(FEET) WHEN MAP REDUCED FROM X7 ORIGINAL UNION PACIFIC RAILROAD 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 obtained from the Road Document Listing in the Assessor's Office UNION PACIFIC RAILROAD L=.48 PB R= "A" 7 "A" PROMONTORY CORPORATE PROMONTORY PLAZA CORPORATE PHASE PLAZA PHASE See Condo List Page R= L=.48 PB PATRICK LN PATRICK LN R=4.5 R= PROMONTORY CORPORATE PLAZA PB PM 0- PM R= PROMONTORY CORPORATE 004 PLAZA ASSESSOR'S Michele PARCELS W. Shafe - CLARK - Assessor CO., NV. Michele W. Shafe CONDOMINIUM - Assessor UNIT AIR SPACE PCL PARCEL BOUNDARY CONDOMINIUM UNIT SUB BOUNDARY RIGHT OF WAY PCL AIR SPACE PCL PM/LD BOUNDARY SUB-SURFACE PCL RIGHT OF WAY PCL ROAD EASEMENT MATCH HISTORIC / LEADER SUB LINE SUB-SURFACE PCL BOUNDARY HISTORIC HISTORIC LOT LINE PM/LD BOUNDARY HISTORIC SECTION SUB LINE BOUNDARY HISTORIC PM/LD BOUNDARY SECTION LINE SOBB STPT 004 SOBB ST PB PM POST/ARVILLE INDUSTRIAL 84 8 CENTER The above information has been obtained from sources we believe to be reliable, 4 however we do not take responsibility for its correctness See Condo List Page R=4.5 R= MAP LEGEND R=0 R= > > R=0 HINSON ST HINSON ST R= R=5 PM R=5 R= R=5 R= R= U.P.R.R. PB 89-8 PB PB VALLEY VIEW BUSINESS PARK VALLEY VIEW BUSINESS PARK PB TS R6E 3 N 8 SE Rev: ROAD PARCEL NUMBER PARCEL NUMER.000 ACREAGE 64 PB PARCEL SUB/SEQ NUMBER 5 75 PB 4-45 PLAT RECORDING NUMBER 5 BLOCK GL5 NUMBER 5 5 LOT NUMBER 93 GL5 PT GOV LOT NUMBER Scale: " = 00' Rev: /9/ PM > POST RD PM R=5 > POST RD BOOK SEC MAP U.P.R.R. U.P.R.R > R= VALLEY VIEW BLVD > TAX DIST TAX DIST 470 R= > VALLEY VIEW BLVD > R=5

17 Las Vegas Industrial & SW Las Vegas Submarket Review Flex Market Statistics Year-End 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Deliveries, Absorption & Vacancy Historical Analysis, Flex and Warehouse Delivered SF Absorption SF Vacancy % Airport/E Las Vegas Ind 36,755,347 67,84 69,83 9.8% 79, $.0 Central Las Vegas Ind 6,454,49 56,096 69,679.% 5, $7.77 North Las Vegas Ind 64,43,090 9,66 95, % 4, $7.95 Northwest Las Vegas Ind 0 443,66 45,94 45,94 0.4% 4,7 0 0 $9.94 SE LV/Henderson Ind 95,00,05 56,345 56, % 50,7 0 0 $8.48 Speedway Ind 3 349,949,334, %, $5.48 SW Las Vegas Ind 5 4,897, , , % 68,786 95,500 0 $0.66 West Las Vegas Ind 57 3,645,606 88,50 9,75 8.0% 3, $0.0 Millions SF (0.00) (0.400) 8.0% 6.0% 4.0%.0% 0.0% 04 q 04 q 04 3q 04 4q 05 q 05 q 05 3q 05 4q 06 q 06 q 06 3q 06 4q 07 q 07 q 07 3q 07 4q 0.0% Percent Vacant Totals 959,889,47,33,59,348,96 6.% 3,58 95,500 0 $9.88 Source: CoStar Property Warehouse Market Statistics Year-End 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Airport/E Las Vegas Ind 363,437, ,475 69, % 385,60 87,077 0 $8.63 Central Las Vegas Ind 366 7,03, , , % 44,84 0,804 $7.83 North Las Vegas Ind ,504,60 3,53,86 3,574,436 0.%,690,7 3,76,979,584,856 $5.57 Northwest Las Vegas Ind 0 47,34,5,5 0.5% 4, $0.74 SE LV/Henderson Ind 443 5,933,583,9,6,56,53 7.3%,9,84,540,4 947,770 $6.38 Speedway Ind 5 3,46,664 5,706 5, % 36,5 0 0 $5.6 SW Las Vegas Ind 777 5,55,04 967, , % 807,393 70,938 0 $8.08 West Las Vegas Ind 7,53,73 60,809 64, % (54,763) 0 0 $7.74 Source: CoStar Property Vacant Space Historical Analysis, Flex and Warehouse Millions SF Direct SF Sublet SF q 06 3q 07 q 07 3q Source: CoStar Property Quoted Rental Rates Historical Analysis, Flex and Warehouse $8.80 $8.60 $8.40 Dollars/SF/Year $8.0 $8.00 $7.80 $7.60 $7.40 $7.0 $7.00 $ q 06 3q 07 q 07 3q Source: CoStar Property Totals 3,5 07,58,38 7,507,75 7,66,68 7.% 4,44,354 5,75,44 3,554,4 $6.64 Source: CoStar Property Total Industrial Market Statistics Year-End 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Airport/E Las Vegas Ind 499 5,9,7 9, , % 465,067 87,077 0 $9.33 Central Las Vegas Ind 488 3,468,04 43, , % 60,07 0,804 $7.8 North Las Vegas Ind,067 37,647,69 3,65,848 3,669,56 9.7%,73,977 3,76,979,584,856 $5.66 Northwest Las Vegas Ind 40 95,508 48,454 48, % 56, $0. SE LV/Henderson Ind 538 7,33,635,85,607,,877 7.%,4,456,540,4 947,770 $6.47 Speedway Ind 64 3,766,63 8,040 8, % 38, $5.8 SW Las Vegas Ind,09,448,6,443,83,475,64 4.8% 876,79 566,438 0 $8.58 West Las Vegas Ind 459 0,898, ,39 97,05 8.4% (,404) 0 0 $8.47 Existing Inventory Vacancy Net Delivered Inventory UC Inventory Quoted Period Bldgs Total RBA Vacant SF Vacancy % Absorption Bldgs Total RBA Bldgs Total RBA Rates 07 4q,09,448,6,475,64 4.8% 56, $ q,09,448,6,037,7 6.7% 68, $ q,09,448,6,05,95 6.9% (53,65) 3 353, $ q,06,095,6,599, % 398,593 3, ,000 $ q,05 9,88,84,784, % 485,34 67, ,438 $ q,04 9,74,904,0,859 7.% 60, , ,8 $ q,00 9,549,794,097,896 7.% 93, , ,88 $ q,07 8,84,794,684,0 5.8% 03, ,039,390 $ q,07 8,84,794,887,53 6.5% (34,383) ,80 $ q,07 8,84,794,546, 5.4% 390, ,000 $ q,07 8,84,794,937, % 87,607 89,998 9,000 $ q,05 8,65,796,034,679 7.%,37 5,097 89,998 $ q,04 8,60,699,95,79 7.7% 77, ,095 $ q,04 8,60,699,373, % 7, ,095 $ q,04 8,60,699,646, % 37, ,097 $ q,04 8,60,699,973, % 66, ,097 $6.70 Source: CoStar Property Totals 4,84 9,47,575 8,80,704 9,0, % 4,547,936 5,570,94 3,554,4 $7.05 Source: CoStar Property

18 Area Demographics ( Mile Radius) Summary Census Population Households Families Average Household Size Owner Occupied Housing Units Renter Occupied Housing Units Median Age Trends: 07-0 Annual Rate Area State National Population.%.5% 0.83% Households.3%.40% 0.79% Families.36%.36% 0.7% Owner HHs.9%.39% 0.7% Median Household Income.8%.45%.% 07 0 Households by Income Number Percent Number Percent <$5, % 0.3% $5,000 - $4,999.% 0.3% $5,000 - $34, % % $35,000 - $49, % 7 8.0% $50,000 - $74, % 4.% $75,000 - $99, % % $00,000 - $49,999.% 8 3.% $50,000 - $99, % 9 4.% $00, % 5 7.0% Median Household Income $5,98 $56,867 Average Household Income $7,7 $83,97 Per Capita Income $34,06 $38,06 Census Population by Age Number Percent Number Percent Number Percent % % 44 5.% % % % % % % % % 36 4.% % % 6 7.% % 39 8.% 6 8.8% % 6.0% 39 6.% % 4.5% 07.5% % 0 3.% 07.5% % % % % 9.5% 3 3.7% % 6 0.8% 8 0.9% Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone % % % Black Alone % 78 0.% 94.0% American Indian Alone 6 0.9% 7 0.9% 8 0.9% Asian Alone 74.% 99.9% 7 4.9% Pacific Islander Alone 9.3%.6% 4.6% Some Other Race Alone % % % Two or More Races % % 6 7.% Hispanic Origin (Any Race) 83.4% 4.5% 38 6.% Note: Income is expressed in current dollars. Trends 07-0 Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $35K - $49K 8.9% $50K - $74K 6.% $5K - $34K 8.3% $75K - $99K 5.% $5K - $4K.0% <$5K 9.9% $00K+ 5.8% $50K - $99K 3.7% $00K - $49K.0% Source: U.S. Census Bureau, Census 00 Summary File. Esri forecasts for 07 and Population by Race Percent Area State USA White Black Am. Ind. Asian Pacific Other Two+ 07 Percent Hispanic Origin: 4.5% August, Esri Page of 6

19 Area Demographics (3 Mile Radius) Summary Census Population 76,866 85, 9,56 Households 3,67 34,870 37,46 Families 7,387 8,704 0,063 Average Household Size Owner Occupied Housing Units 3,55 3,054 3,973 Renter Occupied Housing Units 9,0,85 3,488 Median Age Trends: 07-0 Annual Rate Area State National Population.63%.5% 0.83% Households.44%.40% 0.79% Families.4%.36% 0.7% Owner HHs.37%.39% 0.7% Median Household Income.37%.45%.% 07 0 Households by Income Number Percent Number Percent <$5,000 4,47.% 4,597.3% $5,000 - $4,999 3,86.% 3,93 0.5% $5,000 - $34,999 4,63 3.3% 4,58.% $35,000 - $49,999 5,90 7.0% 5, % $50,000 - $74,999 6,37 8.% 6,043 6.% $75,000 - $99,999 4,378.6% 5,96 3.9% $00,000 - $49,999 3,63 9.4% 4,8.4% $50,000 - $99,999,36 3.3%,59 4.% $00,000+,04 3.%, % Median Household Income $45,993 $49,4 Average Household Income $63,6 $7,695 Per Capita Income $6,393 $9,554 Census Population by Age Number Percent Number Percent Number Percent 0-4 4,8 6.3% 5, % 5,665 6.% 5-9 4,9 5.5% 4, % 5,49 5.6% 0-4 4, % 4,8 5.% 4,84 5.% 5-9 4, % 4,65 4.9% 4, % 0-4 5,94 7.7% 6,97 7.3% 6,58 7.% ,37 9.9% 6,07 8.9% 7, % 35-44,0 5.9% 3,34 5.6% 4,78 6.0% , %,56 3.%,0.0% ,8 0.7% 9,547.% 0, % ,63 6.0% 6, % 7,46 8.% 75-84,78.8%,8 3.3% 3, % % 93.%,073.% Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 40, % 40, % 40, % Black Alone 9,53.4%, % 3,30 4.4% American Indian Alone % % % Asian Alone 3,3 7.% 6, % 9,560.% Pacific Islander Alone % % 90.0% Some Other Race Alone 8,4 0.6% 9,978.7%,763.8% Two or More Races 3,96 5.% 4,98 5.8% 5,674 6.% Hispanic Origin (Any Race) 8, %,76 5.5% 4,970 7.% Note: Income is expressed in current dollars. Trends 07-0 Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $35K - $49K 7.0% $50K - $74K 8.% $5K - $34K 3.3% $5K - $4K.% $75K - $99K.6% <$5K.% $00K+ 3.% $50K - $99K 3.3% $00K - $49K 9.4% Source: U.S. Census Bureau, Census 00 Summary File. Esri forecasts for 07 and Population by Race Percent Area State USA White Black Am. Ind. Asian Pacific Other Two+ 07 Percent Hispanic Origin: 5.5% August, Esri Page 4 of 6

20 Area Demographics (5 Mile Radius) Summary Census Population 96,674 33, ,495 Households 0,8 3,49 43,094 Families 66,845 7,885 78,53 Average Household Size Owner Occupied Housing Units 5,448 5,97 57,439 Renter Occupied Housing Units 69,38 79,50 85,655 Median Age Trends: 07-0 Annual Rate Area State National Population.69%.5% 0.83% Households.56%.40% 0.79% Families.50%.36% 0.7% Owner HHs.65%.39% 0.7% Median Household Income.5%.45%.% 07 0 Households by Income Number Percent Number Percent <$5,000 6,694.6% 8,9.7% $5,000 - $4,999 5,046.4% 5,63 0.9% $5,000 - $34,999 7, % 7,834.5% $35,000 - $49,999, %,77 5.% $50,000 - $74,999 4, % 3, % $75,000 - $99,999 5,583.8% 8, % $00,000 - $49,999,7 9.6% 6,54.5% $50,000 - $99,999 4,93 3.% 5, % $00,000+ 3, % 5, % Median Household Income $45,580 $48,66 Average Household Income $6,6 $70,0 Per Capita Income $5,449 $8,77 Census Population by Age Number Percent Number Percent Number Percent 0-4 9,00 6.4% 0,08 6.0%,90 6.% 5-9 7,08 5.8% 8, % 0,53 5.7% 0-4 6,38 5.5% 7,50 5.3% 9,5 5.4% 5-9 7,84 5.8% 7, % 9,07 5.3% 0-4, % 3,86 7.% 4, % , % 56,870 7.% 6, % ,66 5.% 48, % 54,09 5.0% , % 43,0 3.0% 43,37.0% ,680.4% 39,76.0% 4,668.6% ,83 6.5% 8, % 3,875 9.% , %, % 6,76 4.5% 85+ 3,5.% 4,46.3% 4,999.4% Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 66,5 56.% 69,9 5.3% 7, % Black Alone 9,66 9.8% 36,0 0.9% 4,65.4% American Indian Alone,09 0.7%, %, % Asian Alone 40, % 5,6 5.9% 63, % Pacific Islander Alone,54 0.9%, % 3,33 0.9% Some Other Race Alone 40,48 3.6% 48,64 4.7% 56,64 5.7% Two or More Races 5,065 5.% 8, %,96 6.% Hispanic Origin (Any Race) 85,48 8.8% 0,998.8% 6,43 3.3% Note: Income is expressed in current dollars. Trends 07-0 Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $35K - $49K 6.4% $50K - $74K 8.6% $5K - $34K 3.4% $5K - $4K.4% $75K - $99K.8% <$5K.6% $00K+ 3.0% $50K - $99K 3.% $00K - $49K 9.6% Source: U.S. Census Bureau, Census 00 Summary File. Esri forecasts for 07 and Population by Race Percent Area State USA White Black Am. Ind. Asian Pacific Other Two+ 07 Percent Hispanic Origin:.8% August, Esri Page 6 of 6

21 Contact Team Cathy Jones, CPA, SIOR, CCIM CEO Roy Fritz Senior Vice President Jessica Cegavske Vice President Jennifer Lehr Senior Associate Exclusively listed by: Sun Commercial Real Estate, Inc. 640 Brent Thurman Way, Suite 40, Las Vegas, Nevada Ph Fax