2245 W VALLEY BOULEVARD COLTON, CA

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1 W VALLEY BOULEVARD COLTON, CA Co-Listing with O Gorman Pacific Realty Colliers International 2855 E Guasti Road Suite 401 Ontario, CA United States colliers.com Riverside Avenue OFFERING MEMORANDUM ACRES E. Valley Blvd

2 W Valley Blvd Colton, CA Prepared by Investment Services Group Western Region Richard Schwartz, SIOR Senior Vice President Joey Reaume Vice President Brice Larson Associate Shawn O Gorman President O Gorman Pacific Realty Inc.

I. DEVELOPMENT HIGHLIGHTS / OPPORTUNITIES PROPERTY OVERVIEW COMPLETE SITE APN s: 0254-041-04; 0254-041-033; 0132-112-05 Site is located in the highest growth area in the

properties in excess of 10 acres are becoming rare and hard to find Total land play opportunity is approximately 26.69 acres COLTON ±126,000 SF building on approximately 8.

71 Acres of vacant land currently zoned (RERS-M1) Residential Medium 1 RIALTO Approximately 10.08 Acres of vacant land Approximately 1.

3 I. DEVELOPMENT HIGHLIGHTS / OPPORTUNITIES PROPERTY OVERVIEW COMPLETE SITE APN s: ; ; Site is located in the highest growth area in the Inland Empire Site is in 2 separate municipalities The land is unentitled and consist of three separate zoning designations of Industrial, Residential and Retail Larger properties in excess of 10 acres are becoming rare and hard to find Total land play opportunity is approximately acres COLTON ±126,000 SF building on approximately 8.9 acres of land. Zoned BMP within Hub City Centre Specific Plan Approximately 2.71 Acres of vacant land currently zoned (RERS-M1) Residential Medium 1 RIALTO Approximately Acres of vacant land Approximately 1.18 Acres currently used for ingress & egress to Riverside Avenue Presently zoned Retail/Commercial within the Gateway Specific Plan Opportunity to purchase or lease an additional ±3.82 acres (3 additional parcels) on Valley Blvd. contiguous to parcel 4 Riverside Avenue E. Valley Blvd W. Valley Blvd INTERSTATE 10 2

4 I. DEVELOPMENT HIGHLIGHTS / OPPORTUNITIES POSSIBLE DEVELOPMENT OPTION 3

HIGHLY-DESIRABLE INLAND EMPIRE LOCATION The property is strategically located less than a quarter mile from I-10, providing quick access to southern California s excellent network of freeways.

5 HIGHLY-DESIRABLE INLAND EMPIRE LOCATION The property is strategically located less than a quarter mile from I-10, providing quick access to southern California s excellent network of freeways. The property is just 14.4 miles from the Ontario International Airport and 68 miles from the Port of Long Beach and Port of Los Angeles. The Inland Empire offers a geographical advantage by providing access to numerous domestic and international markets (particularly the Pacific Rim markets), skilled labor pool, quality of life, attractive amenities, and relatively inexpensive housing. As a result, the Inland Empire now serves as a main distribution hub for products moving through the national supply chain from the Ports of L.A. and Long Beach. STUDIO CITY BURBANK AIRPORT GLENDALE GLENDORA UPLAND RANCHO CUCAMONGA RIALTO SAN BERNARDINO LAX DO tan each CH OSA EACH BEVERLY HILLS CULVER CITY TORRANCE DOWNTOWN LOS ANGELES LONG AIRPORT 45 Miles SANTA FE SPRINGS BALDWIN PARK POMONA CITY OF INDUSTRY CHINO BREA 30 Miles NORWALK FULLERTON ANAHEIM LOS ANGELES CO. DIAMOND BAR S A N B E R N A R D I N O C O U N T Y O R A N G E C O U N T Y ONTARIO INT'L AIRPORT 15 Miles CORONA FONTANA ONTARIO MIRA LOMA RIVERSIDE REDLANDS MORENO VALLEY PERRIS PALOS VERDES SAN PEDRO PORT OF LOS ANGELES PORT OF LONG LONG GARDEN GROVE SANTA ANA ORANGE STRATEGIC E-COMMERCE LOCATION COSTA > > MESA JOHN WAYNE ACCESS HUNTINGTON TO FREEWAYS > > DRIVING AIRPORT DISTANCE TO I-215 (4.10 miles) ONTARIO IRVINE INTL AIRPORT I-10 (0.23 miles) 14 miles R I V E R S I D E C O U N T Y > > DRIVING DISTANCE TO PORTS OF LA/LONG 67 miles > > POPULATION 10 miles: 561, miles: 1,185,294 NEWPORT 4

> > Rare Southern California High-Barrier-To-Entry Opportunity Southern California serves as the primary U.S. Gateway to Asia and continues to be the strongest industrial market in the United States.

Port of Long Beach > > Proximity to the Ports of Los Angeles and Long Beach The driving regional infrastructure advantage for the Inland Empire is proximity to the Ports of Los Angeles and Long Beach.

6 > > Rare Southern California High-Barrier-To-Entry Opportunity Southern California serves as the primary U.S. Gateway to Asia and continues to be the strongest industrial market in the United States. This is an opportunity to purchase a large-scale industrial development opportunity in the nation s most celebrated industrial market. Port of Long Beach > > Proximity to the Ports of Los Angeles and Long Beach The driving regional infrastructure advantage for the Inland Empire is proximity to the Ports of Los Angeles and Long Beach. Handling 40% of U.S. container traffic, these global ports are the largest and second-largest port facilities in the U.S. and much of the reason why the Inland Empire s trucking and warehousing industry is one of the most prominent in the nation. Complementing the ports is the surrounding multi-modal goods transportation infrastructure. A growing U.S. economy pushed imports up 6.1% annually in November, a new monthly record in the port s 110-year history. Continued economic growth and aggressive port expansion programs are likely to send cargo volumes even higher for the next several years. The Inland Empire is projected to be one of the fastest-growing large metropolitan area economies by Gross Metro Product in the U.S. from 2016 through 2020 (4.2%). Los Angeles Int. Airport > > Proximity to International Destinations Ontario International Airport is a full-service hub with commercial jet service to major cities throughout the U.S. and internationally. The airport also functions as an important cargo airport and is UPS s major southwestern gateway hub for sorting and distributing its international packages inbound from the Pacific Rim. LAX is the primary airport serving Greater Los Angeles and is the sixthbusiest airport in the world by passenger traffic. Excluding connecting flights, LAX is the #1 airport in the world and serves nearly 70 airlines. 5

> > Favored Corporate Location Tenants are attracted to the Inland Empire because it offers newer, functional state-of-the-art industrial product in close proximity to the Ports of L.A.

7 > > Favored Corporate Location Tenants are attracted to the Inland Empire because it offers newer, functional state-of-the-art industrial product in close proximity to the Ports of L.A. and Long Beach. The region also features a convenient freeway accessible location, lower cost of living and abundant labor pool. A number of prestigious Big Box users have substantial operations in the Inland Empire, which is the largest big-box industrial market in North America with M square feet of product, a vacancy rate of 3.8%, and average asking rents of $0.59 psf. > > Employment & Population Growth 2018 marked the sixth consecutive year of expanding job growth in the Inland Empire, with over 17,000 jobs added in the last 12 months.this represents a 2% rate of job growth which is significantly higher than the statewide average of 0.6% for this same time period. The unemployment rate in the Inland Empire was 4.6% as of September 2018 and has been steadily decreasing over the past eight years. Population growth has remained robust, with Riverside County adding 37,000 new residents from 2016 to 2017, making it the third fastest growing population of any county in the United States, followed by San Bernardino which added over 20,000 residents in this same time period. INTERSTATE 10 6

with the lowest vacancy rate and highest rental rate of comparable markets with major distribution hubs. Developers remain interested in new speculative construction activity.

8 Positive net absorption for the 35 th consecutive quarter Asking rents have increased 7.4% in the IE Yr-Over-Yr The vacancy rate in Corona is 2.4% the 5th lowest in IE submarkets MARKET OVERVIEW > > Inland Empire Industrial Market The Inland Empire market remains the most sought-after warehouse/distribution market in the U.S. with the lowest vacancy rate and highest rental rate of comparable markets with major distribution hubs. Developers remain interested in new speculative construction activity. In the past 12 months, a total of 28.5 million square feet of new supply was added to the base. During this time, the vacancy rate remained low as nearly all new supply was absorbed by large tenants seeking modern distribution centers. MARKET INDICATORS - 2Q 18 Vacancy 3.8% Net Absorption 10.8 Million SF Under Construction 19.8 Million SF Asking Rents $0.59 PSF HISTORICAL VACANCY V. RENTS > > The Inland Empire Net Absorption Sees Greatest Momentum In the Inland Empire, vacancy fell 50 basis points to 3.8%, its lowest point on record. Vacancy remains tightest at 1.8% in the West Inland Empire compared to 6.5% in the East Inland Empire. Average monthly asking rents held steady at $0.59 per square foot (PSF) triple net (NNN) over the last quarter and have increased $0.04 over the past 12 months. New supply may raise vacancy rates in future quarters, albeit at a slow pace due to increased industrial demand. Absorption is likely to remain positive for future quarters as fully leased buildings are constructed. Growing tenants have few options in Southern California, and the Inland Empire will attract tenants from infill markets who cannot find space to meet their needs. 7

Not Part of Not for sale Sale Colliers Investment Services Group Western Region Colliers

LARSON President Senior Vice President Vice President Associate Lic. 00863348 Lic. 01712680 Lic.

02056356 +1 951 683 8600 +1 909 937 6307 +1 909 612 2601 +1 909 937 6340

9 Not Part of Not for sale Sale Colliers Investment Services Group Western Region Colliers Investment Services Group Western Region SHAWN O GORMAN RICHARD SCHWARTZ, SIOR JOEY REAUME BRICE LARSON President Senior Vice President Vice President Associate Lic Lic Lic Lic sogorman@ogormanpacificrealty.com richard.schwartz@colliers.com joey.reaume@colliers.com brice.larson@colliers.com Colliers International 2855 E Guasti Road Suite 401 Ontario, CA United States colliers.com

E WASHINGTON BLVD LOS ANGELES, CA ,274 SF INDUSTRIAL BUILDING FOR SALE TEAM-CLINE.COM LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS.

1801 E WASHINGTON BLVD LOS ANGELES, CA 90021 10,274 SF INDUSTRIAL BUILDING FOR SALE TEAM-CLINE.COM LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Free Standing Warehouse with Coolers Good Dock High