OFFICE, POSSIBLE MEDICAL OR RETAIL BUILDING...• Seller to lease back ±3,773 SF for five (5) years starting at $1.95/SF, NNN. • Seller to credit buyer $90,694 for the following:

1524BROOKHOLLOW DR

OFFICE, POSSIBLE MEDICAL OR RETAIL BUILDINGOwner/User or Investment Opportunity | 11,316 Square Feet

L O C AT E D I NS A N TA A N A , C A L I F O R N I A

Lee & Associates, Inc. - Irvine (the “Agent”) has been engaged as the exclusive sales representative for the sale of 1524 Brookhollow Drive, Santa Ana, CA (the “Property”) by ‘Ownership’ (the “Seller”).

The Property is being offered for sale in an “as-is, where-is” condition, and the Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein for which it shall be fully and solely responsible. Neither the enclosed materials, nor any information contained herein, are to be used for any other purpose, or made available to any other person without the express written consent of the Seller.

The material contained herein is based on inforamtion and sources deemed to be reliable, but not representation or warranty, express or implied, is being made by the Agent or the Seller or any of their respective represntatives, affiliates, officers, employees, shareholders, partenrs, and directors, as to its accuracy or completeness. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Seller nor the Agent shall have any liability whatsoever for any other written or oral communication or information transmitted, or made available, or any action taken, or decision made by the recipient with respect to the Property.

The Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from the market for sale at any time and for any reason without notice, to reject any and all expressions of interest or offers regarding the Property, and/or to terminate discussions with any entity at any time, with or without notice. This Offering Memorandum is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. The Agent is not authorized to make any representations or agreements on behalf of the Seller. The Seller shall have no legal commitment or obligation to any recipient reviewing the enclosed materials, performing additional investigation, and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions required under the contract for title to pass from the Seller to the buyer have been satisfied or waived.

By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents will be held and treated in the strictest of confidence; and (b) the recipient shall not contact employees, contractors, sub-contractors or lien-holders of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or the Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of the Seller or the Agent.

The Seller will be responsible for any commission due to the Agent in connection with a sale of the Property. However, any broker engaged by Purchaser (“Buyer’s Broker”) shall seek its commission only from the Purchaser. Under no circumstances will the Agent or the Seller be liable for same and recipient will indemnify and hold the Agent and the Seller harmless from any claims by any brokers having dealt with recipient other than the Agent. Any Buyer’s Broker must provide a registration signed by the recipient acknowledging said Buyer’s Broker’s authority to act on the recipient’s behalf.

Exclusively L isted By

BROCK STRYKERSenior AssociateLicense ID# 01928271

[email protected]

ERIC DARNELLVice PresidentLicense ID# 01888743

[email protected]

4 O W N E R / U S E R O R I N V E S T M E N T

P R O P E R T Y S U M M A R Y

Property Address 1524Brookhollow DriveSanta Ana, CA 92705

APN 016-221-20

Land Size ±1.09 Acres

Building Size ±11,316 Square Feet

Parking 4.6:1Possibility to Increase to 6:1

Zoning Specific Development 8Zone 1

O F F E R I N G S U M M A R Y

Offering Price $3,225,060 / $285 PSF

Proforma CAP Rate 6.44%

Proforma Year 1 NOI $207,679.20

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F L O O R P L A N S2ND FLOOR

1ST FLOOR

BREAK ROOM

FIRST FLOOR

SECOND FLOOR

Suite A: Executive Suites±4,689 Square Feet

Suite B: Seller-Lease Back Area±3,773 Square Feet

PRIVATEOFFICE

PRIVATEOFFICE

PRIVATEOFFICE

PRIVATEOFFICE

OPENOFFICE

OPENOFFICE

LAB

LAB

PRIVATEOFFICE

STORAGE

PRIVATEOFFICE

PRIVATEOFFICE

PRIVATEOFFICEPRIVATE

OFFICEPRIVATEOFFICE

PRIVATEOFFICE

PRIVATEOFFICE

PRIVATEOFFICE

BREAKROOM

RECEPTION

PRIVATEOFFICE

STOR. STOR.

OFFICE/LAB

PRIVATEOFFICE

PRIVATEOFFICE

PRIVATEOFFICE

CONFERENCE ROOM

PRIVATE OFFICE/CONFERENCE ROOM

FIRE/STORAGE

STORAGE

PRIVATEOFFICE

OPENOFFICE

LAB/OFFICE

STORAGE

LAB/OFFICE

Suite C±2,854 Square Feet



F I N A N C I A L A N A LY S I S

Proforma - CAP Rate 6.44%

Proforma - Year 1 NOI $207,679.20

Operating Expenses Yearly Breakdown (Estimate)

Property Tax @ $3,225,060:Association Dues:Utilities & Janitorial:Insurance:

$37,731.00$21,204.00$33,948.00$2,715.00

TOTAL: $95,387$0.70/SF/Month

ASSUMPTIONS

• Seller to lease back ±3,773 SF for five (5) years starting at $1.95/SF, NNN.

• Seller to credit buyer $90,694 for the following:

- $68,496: Twelve (12) months of gross income for Suite C (±2,854 SF) based on market rent of $2.00 FSG.

- $22,198: Difference between current gross annual income from executive suites ($90,338) and projected gross annual income of $112,536 (assumes all executive suite tenants are brought up to market rent and that market rent is $2.00 FSG).


RENT ROLLSuite A - Executive Suites (±4,689 Square Feet)

Tenant SuiteSize

(RBA)LeaseStart

Lease Expiration

CurrentMonthly

Rent (FSG)

Tri This A-1 346 8/16/2004 Month-to-Month $817.95

Miguel Moltalvan A-3 156 6/1/2017 Month-to-Month $400.00

Kristine Nguyen A-4 156 12/1/2016 Month-to-Month $265.00

Yenny A-6 519 11/1/2013 Month-to-Month $800.00


Bravo Intern Property A-8 234 10/1/2015 Month-to-Month $395.00


Jennifer Martin A-10 216 7/1/2016 Month-to-Month $365.00

HR Unlimited A-11 216 10/1/2016 Month-to-Month $350.00

George Iates A-12 216 8/1/2015 Month-to-Month $325.00

Movers Best A-13 260 11/1/2017 Month-to-Month $525.00

Terry Geis A-14 251 2/14/2005 Month-to-Month $429.45



Dominic A-17 234 6/11/2017 Month-to-Month $400.00

Click & Go A-18 225 1/1/2017 Month-to-Month $325.00

MONTHLY TOTAL: $7,532.40


55

E WARNER AVE

SUBJECTPROPERTY

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Permitted Uses

The following uses shall be permitted:

1) Professional Offices:

a) Accountants b) Attorneys c) Dentist, doctors and related professions d) Engineers, architects and planners e) Research and development facilities f) Private trade, vocational or professional schools

2) Business Offices, Including but not Limited to:

a) Advertising agencies b) Banks or other financial offices c) Employment agencies d) Escrow and real estate companies e) Insurance companies f) Corporate headquarters g) Photographers, artist, etc. h) Travel agencies i) Computer or computer training centers

3) Laboratories except those, which emit offensive odors, vibrations, or may be hazardous to the public.

4) Political, civic and charitable organization uses, which shall not include bingo or other gaming activies.

5) Restaurants.

6) Union Halls.

7) Museums, Art Galleries and Libraries.

8) Religious Meeting Halls.

9) Day Care and Child Care Facilities, Nurseries, etc.

For more information, visit: http://www.ci.santa-ana.ca.us/pba/planning/documents/SD8.NS-1360.pdf

Z O N I N G O V E R V I E W

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ORANGECOUNTYC A L I F O R N I A

The cities and communities of Orange County offer a range of residential choices, from exclusive homes with breathtaking views of the Pacific Ocean to modest homes in captivating designed communities. The County totals 948 square miles, 42 miles of immaculate beaches, 2 major harbors, vast wilderness parks and open space, top-rated attractions, world-class shopping and a wide range of cultural arts.

Orange County is a worldwide tourist destination attracting more than 38 million visitors each year. Orange County is home to Disneyland, Knott’s Berry Farm, miles of famous beaches and coastline, and the largest convention center in the west (Anaheim Convention Center). Tourist spending swelled to a record $7.31 billion, supporting nearly 83,000 local jobs.

With a population of more than 3 million residents (8.5% of California’s population), Orange County is the second largest county in California, trailing behind Los Angeles and just surpassing San Diego County, and ranks as the fifth most populated county in the nation. Orange County’s population has increased by approximately 29% since 1990 and growth is expected to continue with population projections over 3.6 million by 2030. Compared to the United States overall, Orange County has a slightly younger population that is significantly more affluent and better educated. Superlative demographics continue to attract businesses to Orange County.

3,124,130RESIDENTS

$644,300AVERAGE HOME PRICE

1,026,508HOUSEHOLDS

37%COLLEGE EDUCATED

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1524B R O O K H O L LO W D R I V E

S A N T A A N A , C A L I F O R N I A

BROCK STRYKERSenior AssociateLicense ID# 01928271

[email protected]

ERIC DARNELLVice PresidentLicense ID# 01888743

[email protected]

Documents

OFFICE, POSSIBLE MEDICAL OR RETAIL BUILDING...• Seller to lease back ±3,773 SF for five (5) years starting at $1.95/SF, NNN. • Seller to credit buyer $90,694 for the following: