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Tim EricksonSenior Associate
CHEYENNE WEST CORPORATE CENTER3105 Coleman Street, North Las Vegas, NV 89032
Lisa HaugerSenior Vice President
Commercial Real Estate, Inc.6140 Brent Thurman Way, Suite 140, Las Vegas, NV 89148 | Ph: 702.968.7300 | www.SunCommercialRE.com
OFFERING MEMORANDUM
Page 2 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
CONTACT TEAM
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
Timothy EricksonSenior Associate
Lisa HaugerSenior Vice President
Page 3 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
CONFIDENTIALITY & DISCLOSURE
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.
Lisa Hauger Timothy Erickson Senior Vice President Senior Associate [email protected] [email protected]
Page 4 of 16
Property HighlightsProperty SummaryProperty PhotosFloor PlansAssessor Parcel MapSurrounding Aerial MapLas Vegas Valley Location Map
Market Overview Section 2
Las Vegas Industrial & North Las Vegas Submarket ReviewArea Demographics
Property Overview Section 1
TABLE OF CONTENTS
Page 5 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
PROPERTY HIGHLIGHTS
The Offering:
Sun Commercial Real Estate is pleased to offer this exceptional ±25,212 SF office/warehouse building on ±1.61 acres located in the Cheyenne West Corporate Center with direct frontage along Coleman Street. This is an excellent owner/user property featuring ±4,100 SF of HVAC office area and a ±21,112 SF well-insulated warehouse.
Asking Price:
Total Building Area:
Price Per SF:
Total Land:
Year Built:
$3,490,000 $3,399,000
±25,212 SF
±1.61 acres
2003
$135/SF
Property Highlights:
• ±25,212 SF office/warehouse with direct frontage along Coleman which includes: ♦ ±4,100 SF HVAC office area with a ±2,364 SF former dance studio with its own entrance and bathroom off the southwest corner of the warehouse ♦ ±21,112 SF of well-insulated warehouse space• 24’ clear height• Sprinklers• 2 well docks and 2 grade level doors• Direct street frontage
Summary:
Page 6 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
PROPERTY SUMMARY
Property Location:
Property Description:
Assessor Parcel Number:
Zoning:
Site Size - Acres:
Building Size - SF:
Construction Year:
Traffic Counts:
Located within the Cheyenne West Corporate Center with frontage along Coleman Street in North Las Vegas. Easy access to I-15 via the Cheyenne corridor.
For many years this was the home of Go For It Gymnastics. Beautiful facility with built-in reception area, 4 offices, ±1,000 SF training room with access to 2 multi-stall bathrooms and its own entrance. Two additional single stall bathrooms are located off the lobby. In the SW corner of the warehouse, one grade level door was removed and replaced with store front and a ±2,364 SF office was built to accommodate a dance studio. That area features a foyer, one office, viewing area, large wood dance floor, and a bathroom. All showings must be arranged with the listing agents.
139-17-510-037
(M-2) General Industrial (North Las Vegas)
±1.61 acres
±25,212 SF
2003
On W. Cheyenne Avenue, W. of Coleman Street: ±41,000 CPDOn W. Brooks Avenue, W. of Coleman Street: ±32,000 CPD
Page 7 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
PROPERTY PHOTOS
Page 8 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
INTERIOR PROPERTY PHOTOS
Page 9 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
FLOOR PLAN
GO FOR IT USA ACADEMY 25,212 TOTAL SQ.FT.FLOOR PLAN LAST UPDATED 09/18/07scale: 1 inch = 20 feet by DON SPENCER
ELECTRICROOM
REC CLASSESFLOOREXERCISE
VAUL
T RU
NWA
Y
PARALLEL BARSAREA
POW
ER T
UMBL
ING
STR
IP
BEAMAREA
RECEPTIONOFFICE
TEAMFLOOREXERCISE
LOOSE FOAMPIT (6' depth)
IN-G
ROUN
DTR
AM
POLI
NE
TUMBLTRAK
UNEVENBARS
RINGS
FOYER
PRO SHOP
OFFICE
COUR
TESY
ROOM
(OBS
ERVA
TOIN
AREA
)
ADVENTURE GYM(PRESCHOOL AGE)
SIX
- M
ULTI
-TA
SK
STA
TION
S
FOR
AG
E G
ROUP
CLA
SS
ES
TUM
BLIN
GLA
NDIN
G
IN-G
ROUN
DTR
AM
POLI
NE
LOCKERS
OFFICE
SINGLE BAR TRAINER
HIGHBARRI
NGS
SIN
GLE
BA
R TR
ENCH
PIT
CUBB
IES
DRINKINGFOUNTAIN
UTILITY / STORAGEROOM
F.RI
SER
RECESSED LOADINGDOCK AREA
OVERHEAD DOORS
GO FOR IT KIDS ROOMBIRTHDAY PARTIESMULTI-PURPOSEAPP. 1732 SQ.FT.
SPORTS ACRO / CHEER / CIRCUS SCHOOL /MARTIAL ARTS / ADULT WORKOUT AREA2,441 SQ.FT.
* NOTEThe wall between this space and the maingym is a pony wall.
* NOTEThe wall above is a partition wall. The wall to the right is a demizing wall.Evaporative cooled and gas heated air.
* NOTEThe walls below and to the right aredemizing walls. (from floor all the way up)Drop ceiling with HVAC.2,364 sq.ft. spaceSeperate entrance, utilities and addressfrom the majority tenant.
WOMEN'SRESTROOM
MEN'SRESTROOM
MUSIC &STORAGE
FLOOREXERCISE
SPR
ING
TUM
BLIN
G S
TRIP
DRINKINGFOUNTAINS
STAFF OFFICE
TILT UP WALLS
DEMIZING WALLS
PARTITION WALLS
PONY WALLS
VAUL
T LA
NDIN
G
FUTURE ROCK CLIMBING WALL
FUTURE SITE FOR SWIMMING POOL
OVER
HEA
D DO
OR
FOYER
OFFICE
COURTESYROOM
DANCE FLOOR
MIRRORS (8 X 32 FEET)
BALL
ET B
ARS
(24
FEET
x 2
)
STORAGEROOM
CLOS
ET
RESTROOM
SHELVES
GYMACCESS
* NOTEDrop ceiling with HVAC.965 sq.ft. spaceSeperate entrance, utilities and addressfrom the majority tenant.
SINK
VEND
ING
OFFICE
POMMELHORSEAREA
ROPE CLIMB & MUSHROOM AREA
WOR
K S
HOP
STO
RAG
E
PIT
LEV
EL
DO
OR
GR
AD
E
PIT
Page 10 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
>>
502510
CLA
YTO
N S
T
CHEYENNE AVE
CLA
YTO
N S
T
SIM
MO
NS
ST
BROOKS ST
CO
LEM
AN
ST
25 24 25 24 2524 2526 23
PT 1
PT 1PT 1
PT 1
PT 1 PT 1
PT 1
PT 1PT 1PT 1
PT 1 PT 1 PT 1
PT 1
PT 1
PT 1PT 1
PT 1 PT 1 PT 1
PT 1 PT 1
PT 1
PT1
PT 1
PT 1
PT 1PT 1
PT 1
40
56.6
640
20
40
40
10
20
30
202020
30
105.41277.92 300
73.08 70.99
40
40
1270
50
R=15R=15
30
30
396.71
50
50
42.73
150
R=54
R=25
40
50
30
R=15
191.81
136.
06
51.52
247.26
122.
43
236.91
164.
55
247.26
172.
76
195.64
139.
82
139.
82
195.64195.64
147.
1
195.64
201.79
55.9
7
186.
36
181.79
242.
33
243.84
269.
77
250 27.
44
248.1
182
248.1
182
127.49 153.45 172.1
116.
21
113.
74
113.
74
121.27 97.45
38.6
1
56.04 168.04
105.
24 152.
75
114.
03
127.48 153.45 175.19
116.
2515
2.8
155.
22
128.34
113.
74
224.08
256.
6
256.
51
217.26
248.1
148.
66
248.1
148.
66
218.72
295.
12
299.
28
145.03
220.
42
237.06
13.5
7
227.
05
194.19
219.
6
231.06
216.
19
197.8
219.
64
219.
32
134.08
134.09 201.09
67.0
712
8.28
250
250.01
139.
8211
9.66
139.
82
250
64.27
239.
99
183.23
263.
03
115.83 71.85
87.95
132.5 337.
61
194.92
121.
57
37.6
9
173.
82
337.
5618
8.08
300.77
142.17
296.6
529.
25
480.37
484.49
218.
99
82.9
176
.85 486.48
142.
1513
5.01
336.68
505.
22
142.22
R=15402.53 231.94205.73
304.
86
R=20R=15
3040
R=30 R=30 R=30
20
R=25
20
AIRCENTER NORTH
016 017014 015012 013010 011009
PB 100-44
005R=54
654.79 005
72.18
587.28
PT1158.26152.12
144.49169.86
46.5 5.7
7
286.
5
PT1
025 026024023022
004
003
003
001030
028027
002001
007 008
00139.33
0181.3
0120.6
0160.4
0111.6
0320.8
0501.04
0491.02
0401.66
0392.17021
1.490341.17
0130.46
0140.33
0422.44
0150.46
0170.33
0371.61
0261.05
0270.68
0410.72
0432.42
0231.21
0251.13010
1.04
0443.99
0190.85 0070.75
0331.35
0081.01
0201.04005
0.63
029
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 obtained from 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 the recorded documents for more detailed legal information.
MA
P LE
GE
ND
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 12/29/2016
T20S R61E 17 N 2 NE 4 139-17-5
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
250
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 138 139
124125
140
162163
123
161
137
126
164
Michele W. Shafe - Assessor
ASSESSOR PARCEL MAP
>>
502510
CLA
YTO
N S
T
CHEYENNE AVE
CLA
YTO
N S
T
SIM
MO
NS
ST
BROOKS ST
CO
LEM
AN
ST
25 24 25 24 2524 2526 23
PT 1
PT 1PT 1
PT 1
PT 1 PT 1
PT 1
PT 1PT 1PT 1
PT 1 PT 1 PT 1
PT 1
PT 1
PT 1PT 1
PT 1 PT 1 PT 1
PT 1 PT 1
PT 1
PT1
PT 1
PT 1
PT 1PT 1
PT 1
40
56.6
640
20
40
40
10
20
30
202020
30
105.41277.92 300
73.08 70.99
40
40
1270
50
R=15R=15
30
30
396.71
50
50
42.73
150
R=54
R=25
40
50
30
R=15
191.81
136.
06
51.52
247.26
122.
43
236.91
164.
55
247.26
172.
76
195.64
139.
82
139.
82
195.64195.64
147.
1
195.64
201.79
55.9
7
186.
36
181.79
242.
33
243.84
269.
77
250 27.
44
248.1
182
248.1
182
127.49 153.45 172.1
116.
21
113.
74
113.
74
121.27 97.45
38.6
1
56.04 168.04
105.
24 152.
75
114.
03
127.48 153.45 175.19
116.
2515
2.8
155.
22
128.34
113.
74
224.08
256.
6
256.
51
217.26
248.1
148.
66
248.1
148.
66
218.72
295.
12
299.
28
145.03
220.
42
237.06
13.5
7
227.
05
194.19
219.
6
231.06
216.
19
197.8
219.
64
219.
32
134.08
134.09 201.09
67.0
712
8.28
250
250.01
139.
8211
9.66
139.
82
250
64.27
239.
99
183.23
263.
03
115.83 71.85
87.95
132.5 337.
61
194.92
121.
57
37.6
9
173.
82
337.
5618
8.08
300.77
142.17
296.6
529.
25
480.37
484.49
218.
99
82.9
176
.85 486.48
142.
1513
5.01
336.68
505.
22
142.22
R=15402.53 231.94205.73
304.
86
R=20R=15
3040
R=30 R=30 R=30
20
R=25
20
AIRCENTER NORTH
016 017014 015012 013010 011009
PB 100-44
005R=54
654.79 005
72.18
587.28
PT1158.26152.12
144.49169.86
46.5 5.7
7
286.
5
PT1
025 026024023022
004
003
003
001030
028027
002001
007 008
00139.33
0181.3
0120.6
0160.4
0111.6
0320.8
0501.04
0491.02
0401.66
0392.17021
1.490341.17
0130.46
0140.33
0422.44
0150.46
0170.33
0371.61
0261.05
0270.68
0410.72
0432.42
0231.21
0251.13010
1.04
0443.99
0190.85 0070.75
0331.35
0081.01
0201.04005
0.63
029
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 obtained from 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 the recorded documents for more detailed legal information.
MA
P LE
GE
ND
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 12/29/2016
T20S R61E 17 N 2 NE 4 139-17-5
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
250
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 138 139
124125
140
162163
123
161
137
126
164
Michele W. Shafe - Assessor
Page 11 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
SURROUNDING AERIAL MAP
Subject Property
Cole
man
Stre
et W. Cheyenne Avenue
Las Vegas Strip
Simmons Street
Page 12 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
LAS VEGAS VALLEY LOCATION MAP
Page 13 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
LAS VEGAS INDUSTRIAL & NORTH LAS VEGAS SUBMARKET REVIEW
8 CoStar Industrial Statistics ©2018 CoStar Group, Inc.
Las Vegas � Third Quarter 2018
Las Vegas Industrial MarketThird Quarter 2018 – Las Vegas
Las Vegas Industrial Market
©2018 CoStar Group, Inc. CoStar Industrial Statistics 9
Flex Market Statistics Third Quarter 2018YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Airport/E Las Vegas Ind 140 2,954,682 195,332 200,832 6.8% 107,677 0 0 $11.74
Central Las Vegas Ind 124 6,469,741 46,823 57,123 0.9% 12,556 0 0 $6.52
North Las Vegas Ind 164 2,142,579 145,455 147,873 6.9% (52,793) 0 0 $7.70
Northwest Las Vegas Ind 20 442,974 42,776 44,276 10.0% (13,646) 0 0 $12.25
Outlying NE Clark Cty Ind 4 54,735 0 0 0.0% 0 0 0 $0.00
Outlying S Clark Cnty Ind 9 62,542 0 0 0.0% 2,000 0 0 $0.00
SE LV/Henderson Ind 95 1,195,873 52,444 52,444 4.4% 3,901 0 0 $7.68
Speedway Ind 13 349,949 10,067 10,067 2.9% 20,267 0 0 $5.85
SW Las Vegas Ind 252 4,969,346 523,056 528,679 10.6% 17,323 0 0 $12.59
West Las Vegas Ind 155 3,621,352 243,414 244,437 6.7% 17,338 0 0 $10.72
Totals 976 22,263,773 1,259,367 1,285,731 5.8% 114,623 0 0 $10.68
Source: CoStar Property®
Warehouse Market Statistics Third Quarter 2018YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Airport/E Las Vegas Ind 365 12,458,783 241,798 273,943 2.2% 421,300 0 224,752 $8.52
Central Las Vegas Ind 370 7,071,087 188,383 188,383 2.7% 98,208 0 0 $8.18
North Las Vegas Ind 922 39,205,256 2,379,690 2,441,370 6.2% 1,821,677 1,848,471 1,935,863 $5.41
Northwest Las Vegas Ind 20 472,342 1,772 1,772 0.4% 740 0 0 $9.92
Outlying NE Clark Cty Ind 28 468,325 14,000 14,000 3.0% (12,400) 0 0 $0.00
Outlying S Clark Cnty Ind 85 583,857 54,531 54,531 9.3% (16,661) 0 0 $9.42
SE LV/Henderson Ind 451 16,331,047 759,744 908,809 5.6% 985,650 994,312 212,030 $7.01
Speedway Ind 52 3,815,090 679,339 712,939 18.7% (70,329) 390,904 1,784,245 $5.81
SW Las Vegas Ind 766 25,370,398 345,967 349,792 1.4% 471,374 10,475 526,916 $7.36
West Las Vegas Ind 307 7,342,692 424,212 425,412 5.8% 192,860 0 0 $8.27
Totals 3,366 113,118,877 5,089,436 5,370,951 4.7% 3,892,419 3,244,162 4,683,806 $6.65
Source: CoStar Property®
Total Industrial Market Statistics Third Quarter 2018YTD Net YTD Under Quoted
Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Airport/E Las Vegas Ind 505 15,413,465 437,130 474,775 3.1% 528,977 0 224,752 $9.50
Central Las Vegas Ind 494 13,540,828 235,206 245,506 1.8% 110,764 0 0 $7.91
North Las Vegas Ind 1,086 41,347,835 2,525,145 2,589,243 6.3% 1,768,884 1,848,471 1,935,863 $5.52
Northwest Las Vegas Ind 40 915,316 44,548 46,048 5.0% (12,906) 0 0 $12.02
Outlying NE Clark Cty Ind 32 523,060 14,000 14,000 2.7% (12,400) 0 0 $0.00
Outlying S Clark Cnty Ind 94 646,399 54,531 54,531 8.4% (14,661) 0 0 $9.42
SE LV/Henderson Ind 546 17,526,920 812,188 961,253 5.5% 989,551 994,312 212,030 $7.03
Speedway Ind 65 4,165,039 689,406 723,006 17.4% (50,062) 390,904 1,784,245 $5.81
SW Las Vegas Ind 1,018 30,339,744 869,023 878,471 2.9% 488,697 10,475 526,916 $8.29
West Las Vegas Ind 462 10,964,044 667,626 669,849 6.1% 210,198 0 0 $8.93
Totals 4,342 135,382,650 6,348,803 6,656,682 4.9% 4,007,042 3,244,162 4,683,806 $7.12
Source: CoStar Property®
Existing Inventory Vacancy
Existing Inventory Vacancy
Existing Inventory Vacancy
Figures at a Glance
16 CoStar Industrial Statistics ©2018 CoStar Group, Inc.
Las Vegas – Third Quarter 2018
Las Vegas Industrial MarketMARKET HIGHLIGHTS - Flex & Warehouse
©2018 CoStar Group, Inc. CoStar Industrial Statistics 17
Third Quarter 2018 – Las Vegas
Las Vegas Industrial MarketMARKET HIGHLIGHTS - Flex & Warehouse
N o r t h L a s V e g a s M a r k e t
Deliveries, Absorption & Vacancy Historical Analysis, Flex and Warehouse
Source: CoStar Property®
Vacant Space Quoted Rental RatesHistorical Analysis, Flex and Warehouse Historical Analysis, Flex and Warehouse
Source: CoStar Property® Source: CoStar Property®
Net QuotedPeriod # Bldgs Total RBA Vacant SF Vacancy % Absorption # Bldgs Total RBA # Bldgs Total RBA Rates
2018 3q 1,086 41,347,835 2,589,243 6.3% 241,026 1 215,804 9 1,935,863 $5.52
2018 2q 1,084 41,092,636 2,575,070 6.3% 326,650 3 409,831 5 320,890 $5.65
2018 1q 1,079 40,622,990 2,432,074 6.0% 1,201,208 4 1,222,836 7 724,845 $5.55
2017 4q 1,075 39,400,154 2,410,446 6.1% 1,512,916 3 538,785 8 1,848,471 $5.66
2017 3q 1,070 38,035,209 2,558,417 6.7% 1,583,141 4 2,488,410 10 2,853,081 $5.62
2017 2q 1,066 35,546,799 1,653,148 4.7% 762,405 3 852,200 12 5,055,186 $5.47
2017 1q 1,063 34,694,599 1,563,353 4.5% 857,835 1 525,200 11 4,459,195 $5.88
2016 4q 1,062 34,169,399 1,895,988 5.5% 511,214 2 410,975 10 4,554,675 $5.76
2016 3q 1,060 33,758,424 1,996,227 5.9% 45,198 1 311,501 8 3,104,747 $5.58
2016 2q 1,059 33,446,923 1,729,924 5.2% (153,281) 0 0 8 2,814,638 $5.34
2016 1q 1,059 33,446,923 1,576,643 4.7% 644,327 4 874,247 2 507,216 $5.35
2015 4q 1,055 32,572,676 1,346,723 4.1% 669,389 2 535,260 6 1,381,463 $5.12
2015 3q 1,053 32,037,416 1,480,852 4.6% 304,223 0 0 7 1,721,008 $4.89
2015 2q 1,053 32,037,416 1,785,075 5.6% 809,804 1 464,203 4 947,176 $4.77
2015 1q 1,052 31,573,213 2,130,676 6.7% 136,282 0 0 2 627,993 $4.74
2014 4q 1,052 31,573,213 2,266,958 7.2% 536,255 1 400,000 1 464,203 $4.68
Source: CoStar Property®
UC InventoryDelivered InventoryExisting Inventory Vacancy
(0.500)
0.000
0.500
1.000
1.500
2.000
2.500
3.000
2015 1q 2015 2q 2015 3q 2015 4q 2016 1q 2016 2q 2016 3q 2016 4q 2017 1q 2017 2q 2017 3q 2017 4q 2018 1q 2018 2q 2018 3q
Millions
SF
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
Percen
t Vacan
t
Delivered SF Absorption SF Vacancy
$5.20
$5.30
$5.40
$5.50
$5.60
$5.70
$5.80
$5.90
$6.00
2017 1q 2017 3q 2018 1q 2018 3q
Dollar
s/SF
/Yea
r
0.00
0.50
1.00
1.50
2.00
2.50
3.00
2017 1q 2017 3q 2018 1q 2018 3q
Millions
SF
Direct SF Sublet SF
Page 14 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
AREA DEMOGRAPHICS - 1 MILE RADIUSDemographic and Income Profile3105 Coleman St, North Las Vegas, Nevada, 89032 3 Prepared by Esri3105 Coleman St, North Las Vegas, Nevada, 89032 Latitude: 36.21577Ring: 1 mile radius Longitude: -115.17483
Summary Census 2010 2018 2023Population 10,205 11,676 12,866Households 3,083 3,489 3,832Families 2,333 2,631 2,885Average Household Size 3.31 3.34 3.36Owner Occupied Housing Units 1,721 1,921 2,176Renter Occupied Housing Units 1,362 1,569 1,656Median Age 30.7 31.8 32.3
Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 1.96% 1.59% 0.83%Households 1.89% 1.48% 0.79%Families 1.86% 1.44% 0.71%Owner HHs 2.52% 2.06% 1.16%Median Household Income 3.04% 2.45% 2.50%
2018 2023 Households by Income Number Percent Number Percent
Page 15 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
AREA DEMOGRAPHICS - 3 MILE RADIUSDemographic and Income Profile3105 Coleman St, North Las Vegas, Nevada, 89032 3 Prepared by Esri3105 Coleman St, North Las Vegas, Nevada, 89032 Latitude: 36.21577Ring: 3 mile radius Longitude: -115.17483
Summary Census 2010 2018 2023Population 140,014 150,471 160,685Households 44,504 47,000 49,956Families 31,888 33,514 35,584Average Household Size 3.08 3.14 3.16Owner Occupied Housing Units 25,295 25,023 27,438Renter Occupied Housing Units 19,209 21,977 22,518Median Age 32.8 33.7 33.9
Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 1.32% 1.59% 0.83%Households 1.23% 1.48% 0.79%Families 1.21% 1.44% 0.71%Owner HHs 1.86% 2.06% 1.16%Median Household Income 2.53% 2.45% 2.50%
2018 2023 Households by Income Number Percent Number Percent
Page 16 of 16Offering Memorandum | 3105 Coleman Street, North Las Vegas, Nevada 89032
AREA DEMOGRAPHICS - 5 MILE RADIUSDemographic and Income Profile3105 Coleman St, North Las Vegas, Nevada, 89032 3 Prepared by Esri3105 Coleman St, North Las Vegas, Nevada, 89032 Latitude: 36.21577Ring: 5 mile radius Longitude: -115.17483
Summary Census 2010 2018 2023Population 458,257 494,589 529,803Households 149,474 158,523 169,211Families 102,394 107,897 114,869Average Household Size 3.01 3.06 3.07Owner Occupied Housing Units 78,872 78,449 86,427Renter Occupied Housing Units 70,602 80,074 82,784Median Age 32.5 33.5 33.8
Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 1.39% 1.59% 0.83%Households 1.31% 1.48% 0.79%Families 1.26% 1.44% 0.71%Owner HHs 1.96% 2.06% 1.16%Median Household Income 2.51% 2.45% 2.50%
2018 2023 Households by Income Number Percent Number Percent