Investment Offering Memorandum 1301 Secret Ravine Parkway · medical specialties such as a neurosurgeon, plastic surgeon, pediatrics, and a prosthetics firm. » BOOMING HEALTH CARE

EXCLUSIVE

LISTING

AGENTS

1301 Secret Ravine ParkwayR O S E V I L L E , C A 9 5 6 6 1

KEVIN LARSCHEIDExecutive Vice President+1 916 781 4818 [email protected] Lic. 00816790

SCOTT RUSHFirst Vice President+1 916 781 4802 [email protected] Lic. 01228497

SHANA LENNONSenior Associate+1 916 781 4868 [email protected] Lic. 01446203

I n v e s t m e n t O f f e r i n g M e m o r a n d u m

Class A - Medical Building $4,900,000

NEW P

RICE -

$4,900,000

AFFILIATED BUSINESS DISCLOSURE

CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

CONFIDENTIALITY AGREEMENT

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property. This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.

DISCLAIMER

© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. 21229162-185664

EXCLUSIVE LISTING AGENTS

KEVIN LARSCHEIDExecutive Vice President

+1 916 781 4818 [email protected]

www.cbre.com/kevin.larscheid Lic. 00816790

SCOTT RUSHFirst Vice President


www.cbre.com/scott.rush Lic. 01228497

SHANA LENNONSenior Associate


www.cbre.com/shana.lennon Lic. 01446203

D i s c l o s u r e & C o n f i d e n t i a l i t y

T A B L E O F C O N T E N T S

01 03

0405

02

THE OFFERINGExecutive Summary | 5

Highlights | 6

Property Details | 8

Parcel Map / Site Plan / Floor Plan | 10

MARKET OVERVIEWRoseville Medical Area Overview | 13

Roseville, California Overview | 15

Placer County Overview | 16

Market Demographic Quick Facts | 17

FINANCIAL OVERVIEWFinancial Summary | 19

Pro Forma Analysis | 20

Rent Roll | 21

TENANT OVERVIEWTenant Summaries | 23

LOCATION OVERVIEW Regional and Location Maps | 25

Demographics | 26

Area Amenities | 27

1 3 0 1 S e c r e t R a v i n e P a r k w a y

© 2017 CBRE, Inc.

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01 | T h e O f f e r i n g

1301 SECRET RAVINE PARKWAY | 5 | OFFERING MEMORANDUM

Roseville presence with a new ±210,000 sq. ft. Riverside and Cirby Medical Office project. UC Davis has a proposed ±70,000 sq. ft. facility in the works and Adventist Health has submitted plans to develop a ±680,000 sq. ft. headquarter campus. The overall area is heavily populated with medical uses, single family and multifamily residential neighborhoods, as well as the supporting general office and retail needed to support such a vast medical community.

Roseville has experienced significant growth as the land areas continue to be developed. This offering is a unique opportunity to acquire one of the most well-located medical buildings in Roseville. An investor will benefit from Secret Ravine’s excellent location, full occupancy and stable cash flows.

CLASS A | MEDICAL OFFICE | 100% LEASEDSuggested Pricing: $4,900,000Gross Building Size: ±11,200 Sq. Ft.Price Per Square Foot: $437.50

Executive SummaryCBRE, as exclusive agent, is pleased to present the opportunity to acquire a 100% fee simple interest in 1301 Secret Ravine Parkway (“Secret Ravine”) located in Roseville, Placer County, California. Strategically located in the highly desirable Roseville submarket, Secret Ravine is currently 100% leased to four medical tenants, and provides an investor strong and stable cash flows. The asset offers an investor a rare opportunity to acquire a fully-leased Class A medical building in Roseville, California adjacent to the Sutter Roseville Hospital Campus. Secret Ravine offers immediate access to a broad range of amenities and services and benefits from its close proximity to Interstate 80 and Highway 65, providing easy access to all areas of the greater Sacramento region.

The OfferingConstructed in 2008, 1301 Secret Ravine Parkway is a multi-tenant Class A, two-story, steel frame medical office building comprised of approximately 11,200 gross square feet. 1301 Secret Ravine Parkway is 100% leased.

The project is surrounded by medical uses and expanding healthcare building projects. Secret Ravine is adjacent to the Sutter Health Roseville hospital and medical center campus, an approximate 810,000 sq. ft. of medical facilities situated on a 79-acre campus, with a total of 286 hospital beds and approved plans to construct a three-story ±92,319 sq. ft. building for their Emergency Department and Critical Care expansion. The immediate next door neighbors include the newly constructed Sutter Health Cancer Center and Oakmont of Roseville Assisted Living & Memory Care facility. Within a 1.25 mile radius you will also find the Kaiser Roseville hospital campus housing approximately 432 beds. The campus includes over 1 million sq. ft. of medical facilities on 49 acres. Kaiser has plans to expand their

T h e O f f e r i n g



Investment Highlights » IDEALLY POSITIONED – 1301 Secret Ravine Parkway is centrally

located in Roseville just minutes off the I-80 and Eureka Road interchange. The project is less than two miles from Highway 65 and only 19 miles from Sacramento.

» STABLE AND SECURE CASH FLOW – The current cash flow and yields are strong and stable. The high occupancy provides secure income and staggered lease expiration dates minimize lease rollover exposure. The high occupancy level and a diversified cash flow stream should facilitate securing exceptional financing.

» LIMITED DEVELOPABLE LAND – Unlike many other Sacramento submarkets, Roseville benefits from a limited supply of developable medical and office land. The limited opportunity for additional development, coupled with high replacement costs indicate increasing rents and lower vacancy rates in the Roseville submarket.

» DIVERSE ROSTER OF MEDICAL TENANTS – The asset is 100% leased with an impressive tenant roster that is diversified amongst multiple medical specialties such as a neurosurgeon, plastic surgeon, pediatrics, and a prosthetics firm.

» BOOMING HEALTH CARE INDUSTRY – Placer County’s Health Services Industry grew by 17% between 1998 and 2003, which is about 15% higher than the statewide average. During that same period, Health services employment in Placer County grew by more than 29% almost double the statewide average growth rate. (Source Health Services Industry Study, Placer County, March 2005.)

» EXISTING MEDICAL VS. NEW CONSTRUCTION – This asset features substantial economic barriers-to-entry with medical office market rents needing to almost double to justify new construction. This will allow an investor the ability to compete at very aggressive rental rates compared to new construction.


» POTENTIAL UPSIDE – Additional upside potential may exist at Secret Ravine where tenants are currently being charged on a less than actual gross building area, and one lease is modified net/gross, thereby offering an investor the potential for increased income when the leases roll over.

» GROWING POPULATION – Roseville’s population is ±134,073, up 9.7% over the past 5 years.

» MEDIAN HOUSEHOLD INCOME – Roseville’s household income was $80,658 in 2014.

» TOTAL NUMBER OF HOUSEHOLDS – In 2016, within a 5-mile radius of the Property, total number of households was ±81,248.

» SOUTH PLACER – Roseville, Rocklin and Granite Bay reflects one of the most affluent submarkets in the Sacramento region.


1301

SECRET RAVIN

E PKWY

ROSEVILLE PKWY

N SUNRISE AVE

E ROSEVILLE PKWY

A e r i a l V i e w

EUREKA RD



Property Details

BUILDING ADDRESS 1301 Secret Ravine Parkway Roseville, CA 95661-3102

ASSESSOR’S PARCEL NO. 456-010-041-0000

COUNTY Placer County, California

PROPERTY TYPE Medical Office Building

BUILDING GROSS SQ. FT. ±11,200

RENTABLE SQ. FT. ±10,088

LAND AREA ±1.10 Acres

PERCENT LEASED 100%

NUMBER OF TENANTS Four

YEAR BUILT 2008

NUMBER OF BUILDINGS One

NUMBER OF STORIES Two

ZONING CC, Community Commercial

USE Medical Office



BUILDING SYSTEMS

UTILITY PROVIDERS

FLOOD AND EARTHQUAKE

CONSTRUCTION Steel frame and concrete construction

ROOF CONSTRUCTION PVC single-ply roof and standing seam metal roofing

HVAC Fourteen split units (rooftop)

ELECTRICITY Roseville Electric

GAS PG&E

SEWER City of Roseville

WATER City of Roseville

TRASH City of Roseville

FLOOD ZONE Zone X – The property is not located in a flood zone.

EARTHQUAKE Seismic Zone 4 – Not in an earthquake fault zone or Seismic Hazard zone.

Property Details (continued)



Parcel Map

1301



Site Plan Floor Plan

SECRET RAVINE PARKWAY

1301

±11,200 Sq. Ft.

NOT TO SCALE—ALL DIMENSIONS ARE APPROXIMATE. NOT TO SCALE—ALL DIMENSIONS ARE APPROXIMATE.

02 | M a r k e t O v e r v i e w


M a r k e t O v e r v i e w

» Adventist Health has submitted plans to develop a ±680,000 sq. ft. headquarter campus with immediate plans to build a 5-story medical/office building, and later plans to construct other multi-story office/medical buildings.

» Heritage Oaks Hospital on E. Roseville Parkway provides treatment to teens, adults, and senior adults struggling with mental illness or addiction issues; offering inpatient and outpatient care in their Sacrament facility and outpatient services at the Roseville location.

» According to the Sacramento Business Journal, Health Care is positioned to pick up its pace. As the population ages, demand for healthcare will grow. One of the fastest growing occupations in the area is in health care and the concentration of seniors in South Placer County, and a large number of government workers with good health benefits makes Secret Ravine a good investment.

» Sutter Health Roseville hospital and medical center campus is approximately 810,000 sq. ft. situated on ±79 acres, with a total of 286 hospital beds.

» Sutter Health plans to construct a new three-story ±92,319 sq. ft. building for their Emergency Department and Critical Care expansion and recently constructed the Sutter Health Cancer Center.

» Kaiser Roseville hospital campus houses approximately 432 beds. The campus includes over 1 million sq. ft. of medical facilities on 49 acres.

» Kaiser has plans to expand their Roseville presence with a new ±210,000 sq. ft. Riverside and Cirby Medical Office project on Riverside Avenue. Kaiser’s proposed project includes a one-story pavilion building, five-story medical office building, and a parking deck.

» UC Davis has a proposed ±70,000 sq. ft. medical facility in the works. According to Sacramento Business Journal, a spokeswoman for UC Davis confirmed they are negotiating with an unnamed developer.

Roseville Medical Area Overview

1301

A e r i a l V i e w


SECRET RAVINE PKWY

E ROSEVILLE PKWY

ROSEVILLE PKWY

MEDICAL PLAZA DR

N SUNRISE AVE

PACIFIC ST

TAYLOR RD



Roseville, California OverviewRoseville is located in South Placer County. Placer County has been one of the fastest growing regions in California for the last 25 years.

According to the State Department of Finance, Roseville’s population is currently projected to be 134,073 people and is projected to increase to nearly 147,000 residents by 2025. Contributing to Roseville’s diverse economy and supporting its expanding population is the healthcare industry. The city of Roseville is home to two regional trauma centers and numerous medical office complexes with major expansions underway.

With a qualified workforce and strong business sector, Roseville’s 3.8 percent unemployment rate is the 20th lowest unemployment rate among 480 California cities.

Driving the employment rate is a 19% increase in job growth in Roseville over the past five years, to 77,000 jobs. Roseville reports at their recent State of The City Address in September 2016, that Roseville has more jobs than residents in the 18-65 working age group, making Roseville a job center that provides employment for the region. The workforce is ready for employment, with an impressive 39 percent of our residents who are age 25 and older having attained a bachelor’s degree.

Additionally, Roseville reports that their business climate is noted for being among the most affordable cities to do business in the state with a supportive climate for entrepreneurs.

Roseville – Sculpture Park


Between 1990 and 2015 (estimated) Placer County population grew by an astounding 117 percent – due in part to in-state migration from the Bay Area and Los Angeles regions. Broken down, during the period of 2000-2015 the increase was 51% and in the last five years of that timeframe (2010-2015) Placer County has grown eight percent. As part of Placer County, Roseville/Rocklin market has surpassed every other submarket in the Sacramento region. Between 1994 and 2004, Placer County job opportunities increased to just over 134,000, a growth of over 88%. This is almost three times higher than the Sacramento region, 10 times higher than the Bay Area and over four and a half times higher than California’s rate over the same time period. Placer County is projecting an increase of total employees in 2020 to be 165,233 and jumping to 209,797 by 2035. (Source Placer County Economic & Demographic Profile, SACOG 2020 and 2035 MTP/SCS Land Use Forecast).

Placer County is located just 80 miles northeast of San Francisco, California. The county’s strong growth and development can, in large part, be attributed to the relocation of Hewlett-Packard from the Bay Area to Roseville in the beginning of the 1980s. The continued interest shown by new, expanding, and relocating companies to Placer County developed into a demand for substantial expansion of the available commercial and residential space. Today’s Placer County represents a rapidly growing and prosperous community characterized by a healthy and mature economy, attractive business environment, and residents who benefit from a developed educational, safety, and healthcare infrastructure, in addition to abundant recreational opportunities.

Placer County Overview


Folsom Bridge


9,061

91,508

218,328

1-MILE 3-MILE 5-MILE


The City of Roseville is located in Placer County and emcompasses 43.05 square miles. 73,962

DAYTIME EMPLOYEES*

131,005TOTAL POPULATION*

52,381TOTAL HOUSING UNITS*

15.3 millionANNUAL REGIONAL VISITORS***

346RESTAURANTS**

Market Demographic Quick Facts

SACRAMENTO ANNUAL SALARY BREAKDOWN***Over $100K. 17% $60K-$75K. 10% $30K-$40K. 12%$75K-$100K. 11% $40K-$60K. 18% Under $30K. 32%

LARGEST NEARBY EMPLOYMENT INDUSTRIES IN ROSEVILLE*

Based on data from 2016.

SOURCES:

*CBRE Fast Maps, 2016**Salesgenie.com***Sacramento Chamber of Commerce

ROSEVILLE GRADES

LIVEABILITY

AMENITIES

COST OF LIVING

CRIME

EDUCATION

EMPLOYMENT

HOUSING

WEATHER

79A+

D-

B

C

C+

B

B+

Source: www.areavibes.com

TOTAL POPULATION WITHIN VARYING RADIUS*

Healthcare/Social Asst.,

14.7%

Retail Trade, 13.0%

Professional/Scientific/Tech. Svc.,

8.0%

Educational Services,

7.5%

Accomodation/Food Services,

7.2%

Finance/Insurance,

7.0%

Manufacturing, 6.6%

03 | F i n a n c i a l O v e r v i e w


PRICING $4,900,000

PRICE PER GROSS SQ. FT. $437.50

NET OPERATING INCOME $267,660

CAP RATE 5.5%

RENTABLE SQ. FT. ±10,088

GROSS BUILDING SQ. FT. ±11,200

LAND AREA ±1.10 Acres

CURRENT OCCUPANCY 100% Leased

YEAR BUILT 2008

ASSESSOR’S PARCEL NO. 456-010-041-0000

ZONING CC, Community Commercial

USE Medical Office

LEASE TYPES NNN and Modified Gross

Financial Summary

F i n a n c i a l O v e r v i e w


income and expense summary

BASIC RENTAL REVENUE $277,933

Expense Reimbursement *$122,739 Total Potential Gross Revenue $400,673

EFFECTIVE GROSS INCOME $400,673

OPERATING EXPENSES Taxes $53,589 Direct Levies $28,099 Insurance $3,335 Utilities $26,679 Janitorial $3,911 Repairs & Maintenance $12,248 Management Fee $0 Landscaping $3,729 Telephone/Fire Safety/Security $1,423

TOTAL OPERATING EXPENSES ($133,013)

NET OPERATING INCOME $267,660


INCOME

ASSUMPTIONS: 100% leased, representing tenants in place. Operating expenses assume taxes are based on projected value (tax rate estimated as 1.09% tax rate), remaining expenses are based on actual 2016 numbers provided by Seller. Management expense is currently zero. Reimbursements are based on reimbursements expected and reflect one tenant’s cap on increased expenses.

*Seller does not collect reimbursement from tenants for direct levies, although the leases provide for recovery of this item.



Rent Roll

Suite Tenant Sq. Ft. % of Total Begin End Rent/Mo. Annual PSF /Yr. PSF /Mo.Lease Type Comments

Increases/ Options

100 Pacific Medical 2,815 27.9% 08/01/14 12/31/21 $6,418 $77,018 $27.36 $2.28 NNN

Potential upside for recapture of expenses at

expiration.

Annual increases of $0.07/psf/mo; next increase Jan 2018. Option to Extend 3-yrs at FMV.

140Greater Sacramento Pediatrics

2,042 20.2% 03/01/13 02/28/18 $4,819 $57,829 $28.32 $2.36 MG


expiration.

One option to extend 3-yrs at FMV. Renewal notice required July 2017. [Renewal negotiations in progress.)

200Spine & Neurosurgery Associates

3,076 30.5% 11/01/13 12/31/21 $7,075 $84,898 $27.60 $2.30 NNN


expiration.

Flat for term. Jan 2018. Option to Extend 3-yrs at FMV.

240Dr. Michael Huang

2,155 21.4% 03/01/17 02/28/24 $4,849 $58,188 $27.00 $2.25 NNN


expiration.

Annual increases of $0.05/psf/mo; next increase 3/1/18 to $2.30 PSF to $4,956.50. 2- 5yr options @ FMV.

Total Lease SF: 10,088 100.0% Total Leased Income: $277,933

Total Vacant: – – Total Vacant Income: $0

Total Bldg. Area: 11,200 100.0% TOTAL INCOME: $277,933

Lease Term Base Rent

04 | T e n a n t O v e r v i e w



Spine & Neurosurgery Associates Spine & Neurosurgery Associates provides general and specialized

neurosurgical care. Their four physicians practice at Mercy and Sutter hospitals in treatment of intracranial and spinal pathology as well as treatment of peripheral nerve and pain problems. www.snamg.com

Pacific Medical Orthotic and Prosthetic Pacific Medical, Inc. is a distributor of durable medical equipment and orthotics; specializing in orthopedic rehabilitation, arthroscopic surgery, and sports medicine. The location is a local

supplier the orthotics and prosthetic devices and fitting and ongoing servicing to fine tune the devices to each individual patient. The firm’s corporate headquarters is located in Tracy, CA. www.pacmedical.com

Michael Huang, MD Dr. Huang is board-certified and practices Family Medicine in Roseville, California. Dr. Huang is a Sutter Independent Physician and is a part of the Sutter Medical Network. He completed his

medical education at St. George’s University School of Medicine and completed his residency at University of California Davis. Professional areas of interest include allergy testing, asthma, cardiovascular disease, dermatology, health maintenance and sports medicine, among others.

Greater Sacramento Pediatrics Currently two providers are practicing at this location, specializing in pediatrics. Dr. Abeysekera, DO and Dr. Arab, MD.

Greater Sacramento Pediatrics has had a practice in this location since 2013.

Tenant Summaries

T e n a n t O v e r v i e w

GREATER SACRAMENTO PEDIATRICS

MICHAEL HUANG, M.D.

FAMILY MEDICINE

05 | L o c at i o n O v e r v i e w


L o c a t i o n M a p s

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Demographics

L o c a t i o n O v e r v i e w

POPULATION 1 Mile 3 Mile 5 Mile2016 TOTAL POPULATION 9,061 91,508 218,328

2021 POPULATION 9,713 96,886 230,270

POP GROWTH 2016-2021 7.20% 5.88% 5.47%

AVERAGE AGE 36.70 38.90 38.70

HOUSEHOLDS 1 Mile 3 Mile 5 Mile2016 TOTAL HOUSEHOLDS 3,706 35,619 81,248

HOUSEHOLD GROWTH 2016-2021 7.26% 5.97% 5.52%

MEDIAN HOUSEHOLD INCOME $67,756 $73,497 $76,937

AVG HOUSEHOLD SIZE 2.40 2.50 2.70

2016 AVG HOUSEHOLD VEHICLES 2.00 2.00 2.00

HOUSING 1 Mile 3 Mile 5 MileMEDIAN HOME VALUE $457,763 $357,338 $355,223

MEDIAN YEAR BUILT 2001 1990 1990

INTERSECTION AVG. DAILY TRAFFICE. ROSEVILLE PARKWAY & MEDICAL CENTER DRIVE 6,635

E. ROSEVILLE & SECRET RAVINE PARKWAYS (2009) 43,512

2020 FUTURE VOLUME PROJECTED 54,293

Traffic Data

Source: City of Roseville Transportation Traffic Volume Information site.

Source: Costar.com


A r e a A m e n i t i e s

RAVINE PKWY

SECRET

E ROSEVILLE PKWY

SIERRA COLLEGE BLVD

DOUGLAS BLVD

Maidu Regional Park

EUREKA RD

GALLERIA BLVD

1. Renaissance Creek: Safeway, HomeGoods, Staples, Chipotle, Noodle & Company, Rabobank, Jack’s Urban Eats, Starbucks, Jamba Juice, Wells Fargo Bank and Daphne’s California Greek

2. Sierra Oaks Plaza: Walmart Neighborhood Market, Chick-fill-A, Crunch Fitness, Habit Burger, LaBou Bakery

3. Douglas Ridge SC: Papa John’s, Happy Day Spa, Stay Fit and Cheese Steak Grille

4. Granite Rose: Carl’s Jr. Taco Bell and Dominos 5. Dirt Buster’s & Quick Quack Car Wash6. Johnson Ranch Racquet Club7. Rocky Ridge TC: BevMo!, Macaroni Grill, Dos Coyotes,

Orangetheory Fitness, Learning Express, Jamba Juice, Noah’s Bagels, Starbucks, and Bucks & Sadie’s

8. Kaiser Hospital9. Roseville Center: Target, Raley’s, Jimmy Johns, Big 5 Sporting

Goods, Rubio’s and Chevy’s10. Rocky Ridge Plaza: Verizon, String’s Café, Peg’s Ham & Eggs

and Fast Sign11. TJ Maxs Plaza: TJ Maxx, Aaron Brother’s, Lakeshore Learning,

Famous Footwear, Sizzler, Anytime Fitness and Panera Bread12. Placer Center Plaza: Hobby Lobby, Ross, Togo’s and LaBou

Bakery13. Wal-Mart14. Roseville Auto Mall/CarMax15. Fry’s Electronics16. Roseville Square: Trader Joe’s and Smart & Final17. Stone Point: Trademark Pizza, Bloom Coffee, Costa Vida, Fit Eats,

Pita Pit and CIBO 718. Century Plaza: Century Theater, Mikuni’s, California Backyard

and Starbucks19. UA Pointe: United Artists Theater and Chicago Fire Pizza20. Sunrise SC: Home Depot, Pacific Sales, 24 Hour Fitness, John’s

Incredible Pizza and Office Max21. LifeTime Fitness22. Palisades Plaza: Starbuck’s and Ginger’s 23.GolflandSunsplash&TraderJoe’s24. Fountains at Roseville: WholeFoods, Anthropologie, DSW, Dave

& Busters, West Elm, Yard House, Z Gallery, McCormick & Schmick, and California Pizza

25.WestfieldGalleriaatRoseville: Nordstrom, Sears, Macy’s, JCPenney, Apple Store, Crate & Barrel, Pottery Barn, XXI Forever, Louis Vuitton, Burberry, Lululemon Athletica, and Cheesecake Factory

26. Ridge at Creekside: BuyBuyBaby, Bed, Bath & Beyond, World Market, REI and Macy’s Home

27. Creekside Town Center: Best Buy, Babies R Us, Saks Off 5th, Thomasville, PF Chang’s, Barnes & Noble, Old Navy, Marshalls, Michaels, and Nordstrom Rack

28. Fairway Drive Retail: Costco, Total Wine, Staples, Toys R Us, Ross, Home Depot, WinCo Foods, Nugget Market, BigLots, Sport Chalet, Kohl’s, BevMo!, In-N-Out Burger, Target, Blue Oaks Century Theater, Sportman’s Warehouse, RC Willey

29. Topgolf30. Sutter Hospital

LEGEND

Amenity Rich Location

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Roseville, and the surrounding area, has an impressive amenity base that caters to everyone. The Site is located in close proximity to the region’s fortress mall, the Nordstrom-anchored Galleria at Roseville, as well as significant retail amenities along Douglas Boulevard. The Site location also affords convenient access both to executive and employee housing options.

E ROSEVILLE PKW

Y

1301

STA

NFORD RANCH RD

WESTFIELD GALLERIA MALL

FOUNTAINS AT ROSEVILLE

TOPGOLF

25

24

Diamond OaksGolf Course

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CBRE, Inc. | 1512 Eureka Road, Suite 100, Roseville, CA 95661 | www.cbre.com/kevin.larscheid

EXCLUSIVE

LISTING

AGENTS

KEVIN LARSCHEIDExecutive Vice President+1 916 781 4818 [email protected] Lic. 00816790

SCOTT RUSHFirst Vice President+1 916 781 4802 [email protected] Lic. 01228497

SHANA LENNONSenior Associate+1 916 781 4868 [email protected] Lic. 01446203

I n v e s t m e n t O f f e r i n g M e m o r a n d u m

© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. 81229167-192332

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Investment Offering Memorandum 1301 Secret Ravine Parkway · medical specialties such as a neurosurgeon, plastic surgeon, pediatrics, and a prosthetics firm. » BOOMING HEALTH CARE