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375 N. Stephanie Street, Building 5, Henderson, Nevada 89014 GALLERIA CORPORATE CENTER OFFERING MEMORANDUM PRICE REDUCTION

OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

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Page 1: OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

375 N. Stephanie Street, Building 5, Henderson, Nevada 89014

GALLERIA CORPORATE CENTEROFFERING MEMORANDUM

PRICE REDUCTION

Page 2: OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

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.

CONFIDENTIALITY & DISCLOSURE

375 N. Stephanie Street, Building 5, Henderson, NV 89014

Paul ChaffeeSenior Vice [email protected]

Wil ChaffeeSenior Vice [email protected]

John [email protected]

Page 3: OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

The information contained herein was obtained from sources believed reliable, however, Sun Commercial Real Estate, Inc. any of its agents or employees make no guaranty, warranty

or representation as to the completeness and/or accuracy thereof, inclusive of any current and future projected returns. Anyone utilizing this analysis does so at their own risk and agrees

to hold Sun Commercial Real Estate, Inc., its agents and employees harmless. The presentation of this property is subject to error, omissions change of price or conditions prior to sale, or

withdrawal without notice.

6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148 ♦ 702 | 968 | 7300 Ph • 702 | 968 | 7301 Fax ♦ www.SunCommercialRE.com

TABLE OF CONTENTS

Offering HighlightsLas Vegas Valley Location MapAssessor Parcel MapSurrounding Aerial Map

Market Overview Section 2

Las Vegas Office & SE Las Vegas/Henderson Submarket ReviewArea Demographics

Property Overview Section 1

Page 4: OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

OFFERING HIGHLIGHTS

THE OFFERING

The Office Team of Sun Commercial Real Estate, Inc. is pleased to offer an exceptional opportunity to purchase an ±8,000 SF single story building on an ±0.87 acre site. This opportunity is well-suited for an owner/user looking to create a professional image in a highly visible building in a well-maintained, professionally managed business park located along a heavily traveled commercial corridor. Situated within the Galleria Corporate Center, the popular business park consists of twenty-five (25) buildings totaling over 145,000 SF on ±14 acres. The intersection offers visibility to over 56,000 cars per day, 34,000 of which travel directly in front of the building. It is easily accessible via the U.S. 93/I-515, the 215 Beltway, and is conveniently located along the RTC bus route with a stop directly in front of the business park.

OFFERING HIGHLIGHTS

• Ideal Owner/User building• Exceptional visibility with direct frontage on N. Stephanie Street• Located in a well-maintained, professionally managed business park• Easily accessible via U.S. 95/I-515 Interstate, and the 215 Beltway• Located at one of only two entrances to the business park from

N. Stephanie Street

• Incredible growth within the submarket area

PROPERTY LOCATION

The subject property is located on the Southwest corner of the highly traveled intersection of N. Stephanie Street and W. Warm Springs Road with direct frontage on N. Stephanie Street. The project is surrounded by a diverse, fast growing mix of professional office and national as well as regionally recognized retail businesses along with a dense residential population offering a favorable demographic that provides for the potential of a multitude of uses to thrive in the center.

PROPERTY DESCRIPTION

The subject property consists of a ±8,000 SF building on a ±0.87 acre site. Existing improvements offer standard retail buildout which is currently operating as The Billiard Factory.

Please do not disturb the current occupant.

OFFERING HIGHLIGHTS

SUMMARY Building Asking Price:

Total Building Size:

Zoning:

Site Size:

$2,000,000 $1,950,000

±0.87 Acres ±8,000 SF

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

CC (Community Commercial)

Paul ChaffeeSenior Vice [email protected]

Wil ChaffeeSenior Vice [email protected]

John [email protected]

CONTACT TEAM

375 N. Stephanie Street, Building 5, Henderson, NV 89014

Page 5: OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

LAS VEGAS VALLEY LOCATION MAP

375 N. Stephanie Street, Building 5, Henderson, NV 89014

Page 6: OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

ASSESSOR PARCEL MAP

>>

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DRAINAGE

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See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

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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 L

EG

EN

D

USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

ASSESSOR'S PARCELS - CLARK CO., NV.

Scale: 1" = 200' 4/27/2016

T22S R62E 9 N 2 NE 4 178-09-5

31

30

19

1

1314

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6 5 4 3 2

3635343332

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24

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18 17 16 15

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OK

SEC

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MA

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3

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HISTORIC LOT LINEMATCH / LEADER LINE

ROAD PARCEL NUMBERPARCEL NUMERACREAGE

PARCEL SUB/SEQ NUMBER

PLAT RECORDING NUMBER

BLOCK 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 PCL

SUB-SURFACE PCL

161

178177

162 160

179

190191 189

139 140 141Michele W. Shafe - Assessor

>>

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N P

ICO

NE

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JOH

N H

EN

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DR

ELLEN TRACY WAY

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96-003

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RIS

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N

ANN

ABE

LLE

LN

STEP

HA

NIE

ST

WARM SPRINGS RD

KELSO DUNES AVEPI

TTM

AN F

LOO

D C

HA

NN

EL

PB 63-23

PB 68-54 PB 82-50

DRAINAGE

12345678910

11

1213 14 15

1617181920

140

139100

99

98

97 96

95

94

93

C.A.

21

PT B

142

141

PT2 PT2

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PT2

1

PT 2

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24

73.15

51.53

50

3030

50

30

254.

05

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100 110

6510

0100

118.33

91.07

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506055.71

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50

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4 2.57

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7060

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210.70

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0440

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154.31

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72

41

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2

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3030

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"A"PB 46-08

511PB 49-97"B"

"C" PB 54-71

512

513

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"D"

PRIV

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PRIV

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PRIVATE

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PB 53-21

PB 63-96

515

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G130G131

G133G134G135

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G137

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G140

G142

G143

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G141

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PB 72-17

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WA

RD

DR

DALLAS TERRACE

MA

NTI

PL

DA

LLA

S T

ER

RA

CE

G16

5

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WARM SPRINGS - PHASE 1

DESERT LINN

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DESERT LINN CONDOMINIUMS UNIT 4

CONDOMINIUMSUNIT 3

DESERT LINN

DESERT LINNCONDOMINIUMS

UNIT 1

DESERT LINN CONDOMINIUMS UNIT 2 AMD

GALLERIA CORPORATE CENTER

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014

VERDE VIEJO-UNIT 1

003.01

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C.A.A

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0060.96

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0340.55

0130.58

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0410.32

0270.83 042

0.330090.86

0360.76

0280.66

0050.87

0200.75

0250.59

0190.36

0230.41

0220.43

0047.17

0180.39

0110.13

See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

See Condo List Page

010 009 008 007 006 005 004 003 002 001

011

012 014 015024 025 032

013023 026 031

019

020018 017 016 022 030027

021 029028001

97-001

96-001

97-002

97-010

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 L

EG

EN

D

USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

ASSESSOR'S PARCELS - CLARK CO., NV.

Scale: 1" = 200' 4/27/2016

T22S R62E 9 N 2 NE 4 178-09-5

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

505

PARCEL BOUNDARYSUB BOUNDARY

ROAD EASEMENTPM/LD BOUNDARY

HISTORIC LOT LINEMATCH / LEADER LINE

ROAD PARCEL NUMBERPARCEL NUMERACREAGE

PARCEL SUB/SEQ NUMBER

PLAT RECORDING NUMBER

BLOCK 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 PCL

SUB-SURFACE PCL

161

178177

162 160

179

190191 189

139 140 141Michele W. Shafe - Assessor

375 N. Stephanie Street, Building 5, Henderson, NV 89014

Page 7: OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

375 N. Stephanie Street, Building 5, Henderson, NV 89014

SURROUNDING AERIAL MAP

N Stephanie St

W Warm Springs Rd

Galleria at Sunset

Galleria Commons

Stephanie Street Shopping Center

W Sunset Rd

Subject Property

3.9 Miles

Page 8: OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

375 N. Stephanie Street, Building 5, Henderson, NV 89014

LAS VEGAS OFFICE & SE LAS VEGAS/HENDERSON SUBMARKET REVIEW

10 CoStar Office Statistics ©2018 CoStar Group, Inc.

Las Vegas � Year-End 2018

Las Vegas Office MarketYear-End 2018 – Las Vegas

Las Vegas Office Market

©2018 CoStar Group, Inc. CoStar Office Statistics 11

Class C Market Statistics Year-End 2018

YTD Net YTD Under Quoted

Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Central East Las Vegas 469 2,748,112 239,548 239,548 8.7% 60,188 0 0 $10.56

Central North Las Vegas 90 642,156 34,980 34,980 5.4% 3,712 0 0 $15.43

Downtown Las Vegas 251 923,663 76,510 82,510 8.9% 25,639 0 0 $17.70

North Las Vegas 57 433,101 15,244 15,244 3.5% 464 0 0 $12.90

Northwest Las Vegas 175 918,484 33,712 33,712 3.7% (17,231) 0 0 $16.91

Outlying NE Clark County 19 79,135 5,891 5,891 7.4% 962 0 0 $14.86

Outlying S Clark County 20 107,979 1,590 1,590 1.5% (1,590) 0 0 $0.00

SE Las Vegas/Henderson 71 466,932 31,956 31,956 6.8% 18,059 0 0 $12.00

South Las Vegas 211 1,136,551 101,299 101,299 8.9% (25,540) 0 0 $15.95

Southwest Las Vegas 54 415,399 17,429 17,429 4.2% 6,235 0 0 $13.69

West Las Vegas 148 850,636 53,820 55,820 6.6% 24,058 0 0 $12.78

Totals 1,565 8,722,148 611,979 619,979 7.1% 94,956 0 0 $13.39

Source: CoStar Property®

Total Office Market Statistics Year-End 2018

YTD Net YTD Under Quoted

Market # Blds Total RBA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Central East Las Vegas 657 9,347,626 1,587,823 1,617,332 17.3% (15,256) 0 61,146 $20.62

Central North Las Vegas 144 2,529,074 108,452 108,452 4.3% 33,513 0 0 $17.64

Downtown Las Vegas 327 5,393,609 421,337 441,855 8.2% 49,757 15,658 16,232 $27.77

North Las Vegas 208 2,496,016 210,396 213,339 8.5% 67,971 0 0 $14.54

Northwest Las Vegas 557 10,415,415 1,295,033 1,349,900 13.0% (58,033) 0 4,500 $19.87

Outlying NE Clark County 51 343,812 62,900 62,900 18.3% 5,162 0 0 $10.43

Outlying S Clark County 24 152,266 1,590 1,590 1.0% (1,590) 0 0 $0.00

SE Las Vegas/Henderson 158 1,996,228 315,518 316,152 15.8% 112,280 44,000 0 $14.19

South Las Vegas 774 12,893,048 1,436,281 1,487,472 11.5% 13,909 94,452 4,983 $18.85

Southwest Las Vegas 591 11,926,025 1,159,103 1,238,438 10.4% 258,432 265,314 379,500 $21.85

West Las Vegas 558 8,031,736 899,029 1,083,668 13.5% 222,626 182,979 0 $17.92

Totals 4,049 65,524,855 7,497,462 7,921,098 12.1% 688,771 602,403 466,361 $20.09

Source: CoStar Property®

Existing Inventory Vacancy

Existing Inventory Vacancy

Figures at a Glance

24 CoStar Office Statistics ©2018 CoStar Group, Inc.

Las Vegas – Year-End 2018

Las Vegas Office MarketMarket Highlights – Class “A, B & C”

©2018 CoStar Group, Inc. CoStar Office Statistics 25

Year-End 2018 – Las Vegas

Las Vegas Office MarketMarket Highlights – Class “A, B & C”

S E L a s V e g a s / H e n d e r s o n M a r k e t

Deliveries, Absorption & Vacancy Historical Analysis, All Classes

Source: CoStar Property®

Vacant Space Quoted Rental RatesHistorical Analysis, All Classes Historical Analysis, All Classes

Source: CoStar Property® Source: CoStar Property®

Net QuotedPeriod # Bldgs Total RBA Vacant SF Vacancy % Absorption # Bldgs Total RBA # Bldgs Total RBA Rates

2018 4q 158 1,996,228 316,152 15.8% 20,775 0 0 0 0 $14.19

2018 3q 158 1,996,228 336,927 16.9% 20,041 1 44,000 0 0 $17.00

2018 2q 157 1,952,228 312,968 16.0% 30,967 0 0 1 44,000 $16.80

2018 1q 157 1,952,228 343,935 17.6% 40,497 0 0 1 44,000 $18.18

2017 4q 157 1,952,228 384,432 19.7% 12,905 0 0 1 44,000 $15.43

2017 3q 157 1,952,228 397,337 20.4% 13,688 0 0 0 0 $18.30

2017 2q 157 1,952,228 411,025 21.1% 6,059 2 89,300 0 0 $18.41

2017 1q 155 1,862,928 327,784 17.6% (10,610) 1 6,500 2 89,300 $19.44

2016 4q 154 1,856,428 310,674 16.7% 34,889 0 0 2 85,300 $15.44

2016 3q 154 1,856,428 345,563 18.6% 1,283 0 0 2 85,300 $18.71

2016 2q 154 1,856,428 346,846 18.7% (1,196) 0 0 2 85,300 $18.16

2016 1q 154 1,856,428 345,650 18.6% 16,878 0 0 1 6,500 $19.14

2015 4q 154 1,856,428 362,528 19.5% 17,726 0 0 1 6,500 $14.14

2015 3q 154 1,856,428 380,254 20.5% 36,370 0 0 0 0 $18.28

2015 2q 154 1,856,428 416,624 22.4% 10,505 0 0 0 0 $18.07

2015 1q 154 1,856,428 427,129 23.0% 9,438 0 0 0 0 $19.33

Source: CoStar Property®

UC InventoryDelivered InventoryExisting Inventory Vacancy

(0.020)

0.000

0.020

0.040

0.060

0.080

0.100

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 2018 4q

Millions

SF

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

Perce

nt V

aca

nt

Delivered SF Absorption SF Vacancy

$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

2017 1q 2017 3q 2018 1q 2018 3q

Dollars

/SF/Y

ear

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

0.45

2017 1q 2017 3q 2018 1q 2018 3q

Millions

SF

Direct SF Sublet SF

Page 9: OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

375 N. Stephanie Street, Building 5, Henderson, NV 89014

AREA DEMOGRAPHICS (1 MILE RADIUS)Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 1 mile radius Longitude: -115.04646

Summary Census 2010 2018 2023Population 15,468 18,113 20,021Households 6,079 7,044 7,746Families 3,813 4,351 4,759Average Household Size 2.54 2.56 2.58Owner Occupied Housing Units 3,343 3,633 4,160Renter Occupied Housing Units 2,736 3,411 3,586Median Age 36.7 38.6 39.3

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 2.02% 1.59% 0.83%Households 1.92% 1.48% 0.79%Families 1.81% 1.44% 0.71%Owner HHs 2.75% 2.06% 1.16%Median Household Income 2.61% 2.45% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 611 8.7% 526 6.8%$15,000 - $24,999 529 7.5% 482 6.2%$25,000 - $34,999 565 8.0% 537 6.9%$35,000 - $49,999 1,101 15.6% 1,073 13.9%$50,000 - $74,999 1,610 22.9% 1,686 21.8%$75,000 - $99,999 998 14.2% 1,223 15.8%$100,000 - $149,999 980 13.9% 1,387 17.9%$150,000 - $199,999 380 5.4% 468 6.0%$200,000+ 269 3.8% 365 4.7%

Median Household Income $58,494 $66,529Average Household Income $75,704 $87,772Per Capita Income $30,315 $34,835

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 843 5.4% 953 5.3% 1,064 5.3%5 - 9 895 5.8% 942 5.2% 1,053 5.3%10 - 14 1,041 6.7% 965 5.3% 1,053 5.3%15 - 19 1,094 7.1% 1,003 5.5% 1,008 5.0%20 - 24 1,093 7.1% 1,225 6.8% 1,186 5.9%25 - 34 2,404 15.5% 3,002 16.6% 3,330 16.6%35 - 44 2,228 14.4% 2,472 13.6% 2,942 14.7%45 - 54 2,348 15.2% 2,448 13.5% 2,435 12.2%55 - 64 1,774 11.5% 2,382 13.2% 2,553 12.8%65 - 74 1,023 6.6% 1,663 9.2% 1,999 10.0%75 - 84 569 3.7% 785 4.3% 1,064 5.3%

85+ 156 1.0% 274 1.5% 333 1.7%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 11,408 73.8% 12,368 68.3% 12,824 64.1%Black Alone 912 5.9% 1,335 7.4% 1,663 8.3%American Indian Alone 102 0.7% 116 0.6% 126 0.6%Asian Alone 1,247 8.1% 1,750 9.7% 2,225 11.1%Pacific Islander Alone 95 0.6% 122 0.7% 145 0.7%Some Other Race Alone 860 5.6% 1,222 6.7% 1,552 7.8%Two or More Races 844 5.5% 1,200 6.6% 1,485 7.4%

Hispanic Origin (Any Race) 2,923 18.9% 4,107 22.7% 5,065 25.3%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

July 16, 2018

©2018 Esri Page 1 of 6

Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 1 mile radius Longitude: -115.04646

AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent) 2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20182023

Population by AgePopulation by Age

Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2018 Household Income 2018 Household Income

<$15K8.7%

$15K - $24K7.5%

$25K - $34K8.0%$35K - $49K

15.6%

$50K - $74K22.9%

$75K - $99K14.2%

$100K - $149K13.9%

$150K - $199K5.4%

$200K+3.8%

2018 Population by Race2018 Population by Race

Perc

ent

65605550454035302520151050

White Black Am. Ind. Asian Pacific Other Two+

2018 Percent Hispanic Origin: 22.7%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

July 16, 2018

©2018 Esri Page 2 of 6

Page 10: OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

375 N. Stephanie Street, Building 5, Henderson, NV 89014

Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 3 mile radius Longitude: -115.04646

Summary Census 2010 2018 2023Population 118,611 136,119 149,956Households 46,324 52,336 57,260Families 29,361 32,904 35,922Average Household Size 2.55 2.60 2.61Owner Occupied Housing Units 24,957 26,536 29,581Renter Occupied Housing Units 21,367 25,800 27,679Median Age 35.6 37.0 37.4

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 1.96% 1.59% 0.83%Households 1.81% 1.48% 0.79%Families 1.77% 1.44% 0.71%Owner HHs 2.20% 2.06% 1.16%Median Household Income 2.40% 2.45% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 4,811 9.2% 4,138 7.2%$15,000 - $24,999 4,432 8.5% 4,042 7.1%$25,000 - $34,999 5,259 10.0% 5,134 9.0%$35,000 - $49,999 8,331 15.9% 8,370 14.6%$50,000 - $74,999 10,651 20.4% 11,435 20.0%$75,000 - $99,999 6,797 13.0% 8,353 14.6%$100,000 - $149,999 7,217 13.8% 9,947 17.4%$150,000 - $199,999 2,356 4.5% 2,770 4.8%$200,000+ 2,481 4.7% 3,071 5.4%

Median Household Income $55,735 $62,750Average Household Income $75,377 $86,081Per Capita Income $29,306 $33,163

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 7,529 6.3% 8,190 6.0% 9,175 6.1%5 - 9 7,647 6.4% 8,014 5.9% 8,755 5.8%10 - 14 7,962 6.7% 8,006 5.9% 8,644 5.8%15 - 19 8,082 6.8% 8,000 5.9% 8,358 5.6%20 - 24 8,548 7.2% 9,708 7.1% 10,114 6.7%25 - 34 18,561 15.6% 22,242 16.3% 24,676 16.5%35 - 44 17,389 14.7% 18,537 13.6% 21,257 14.2%45 - 54 17,096 14.4% 17,753 13.0% 17,818 11.9%55 - 64 13,643 11.5% 16,792 12.3% 17,839 11.9%65 - 74 7,449 6.3% 11,902 8.7% 14,048 9.4%75 - 84 3,629 3.1% 5,208 3.8% 7,141 4.8%

85+ 1,076 0.9% 1,771 1.3% 2,132 1.4%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 83,745 70.6% 88,113 64.7% 90,451 60.3%Black Alone 8,570 7.2% 12,146 8.9% 14,903 9.9%American Indian Alone 796 0.7% 928 0.7% 1,016 0.7%Asian Alone 8,921 7.5% 12,218 9.0% 15,471 10.3%Pacific Islander Alone 839 0.7% 1,065 0.8% 1,271 0.8%Some Other Race Alone 9,198 7.8% 12,593 9.3% 15,729 10.5%Two or More Races 6,542 5.5% 9,056 6.7% 11,116 7.4%

Hispanic Origin (Any Race) 24,199 20.4% 32,708 24.0% 39,844 26.6%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

July 16, 2018

©2018 Esri Page 3 of 6

Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 3 mile radius Longitude: -115.04646

AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent)

2.42.2

21.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20182023

Population by AgePopulation by Age

Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2018 Household Income 2018 Household Income

<$15K9.2%

$15K - $24K8.5%

$25K - $34K10.0%

$35K - $49K15.9%

$50K - $74K20.4%

$75K - $99K13.0%

$100K - $149K13.8%

$150K - $199K4.5%

$200K+4.7%

2018 Population by Race2018 Population by Race

Perc

ent

605550454035302520151050

White Black Am. Ind. Asian Pacific Other Two+

2018 Percent Hispanic Origin: 24.0%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

July 16, 2018

©2018 Esri Page 4 of 6

AREA DEMOGRAPHICS (3 MILE RADIUS)

Page 11: OFFERING MEMORANDUM GALLERIA CORPORATE CENTER...375 N. Stephanie Street, Building 5, Henderson, Nevada 89014. GALLERIA CORPORATE CENTER. OFFERING MEMORANDUM. PRICE REDUCTION

375 N. Stephanie Street, Building 5, Henderson, NV 89014

AREA DEMOGRAPHICS (5 MILE RADIUS)Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 5 mile radius Longitude: -115.04646

Summary Census 2010 2018 2023Population 269,884 300,987 326,917Households 104,752 114,982 124,094Families 67,046 73,047 78,674Average Household Size 2.57 2.61 2.63Owner Occupied Housing Units 62,295 64,727 71,455Renter Occupied Housing Units 42,457 50,256 52,639Median Age 37.7 39.0 39.3

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 1.67% 1.59% 0.83%Households 1.54% 1.48% 0.79%Families 1.50% 1.44% 0.71%Owner HHs 2.00% 2.06% 1.16%Median Household Income 2.38% 2.45% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 10,963 9.5% 9,407 7.6%$15,000 - $24,999 10,191 8.9% 9,257 7.5%$25,000 - $34,999 11,764 10.2% 11,339 9.1%$35,000 - $49,999 16,885 14.7% 16,717 13.5%$50,000 - $74,999 23,690 20.6% 24,921 20.1%$75,000 - $99,999 15,334 13.3% 18,527 14.9%$100,000 - $149,999 15,783 13.7% 21,424 17.3%$150,000 - $199,999 5,014 4.4% 5,868 4.7%$200,000+ 5,357 4.7% 6,636 5.3%

Median Household Income $55,962 $62,947Average Household Income $75,093 $85,945Per Capita Income $29,046 $32,947

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 16,446 6.1% 17,369 5.8% 19,125 5.9%5 - 9 16,739 6.2% 17,513 5.8% 18,906 5.8%10 - 14 17,525 6.5% 17,554 5.8% 19,043 5.8%15 - 19 17,745 6.6% 17,004 5.6% 18,022 5.5%20 - 24 17,676 6.5% 19,251 6.4% 19,303 5.9%25 - 34 38,294 14.2% 45,053 15.0% 48,989 15.0%35 - 44 38,937 14.4% 40,049 13.3% 45,422 13.9%45 - 54 39,243 14.5% 39,288 13.1% 39,121 12.0%55 - 64 33,166 12.3% 38,923 12.9% 40,209 12.3%65 - 74 20,538 7.6% 30,403 10.1% 34,806 10.6%75 - 84 10,380 3.8% 13,942 4.6% 18,547 5.7%

85+ 3,194 1.2% 4,636 1.5% 5,424 1.7%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 189,384 70.2% 194,218 64.5% 196,930 60.2%Black Alone 18,249 6.8% 24,896 8.3% 30,027 9.2%American Indian Alone 1,945 0.7% 2,210 0.7% 2,388 0.7%Asian Alone 19,614 7.3% 26,160 8.7% 32,623 10.0%Pacific Islander Alone 1,955 0.7% 2,377 0.8% 2,777 0.8%Some Other Race Alone 24,875 9.2% 32,524 10.8% 39,688 12.1%Two or More Races 13,861 5.1% 18,602 6.2% 22,485 6.9%

Hispanic Origin (Any Race) 60,683 22.5% 78,538 26.1% 93,685 28.7%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

July 16, 2018

©2018 Esri Page 5 of 6

Demographic and Income Profile375 N Stephanie St, Henderson, Nevada, 89014 4 Prepared by Esri375 N Stephanie St, Henderson, Nevada, 89014 Latitude: 36.05412Ring: 5 mile radius Longitude: -115.04646

AreaStateUSA

Trends 2018-2023Trends 2018-2023

Ann

ual R

ate

(in

perc

ent)

2.42.2

21.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20182023

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2018 Household Income 2018 Household Income

<$15K9.5%

$15K - $24K8.9%

$25K - $34K10.2%

$35K - $49K14.7%

$50K - $74K20.6%

$75K - $99K13.3%

$100K - $149K13.7%

$150K - $199K4.4%

$200K+4.7%

2018 Population by Race2018 Population by Race

Perc

ent

605550454035302520151050

White Black Am. Ind. Asian Pacific Other Two+

2018 Percent Hispanic Origin: 26.1%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

July 16, 2018

©2018 Esri Page 6 of 6