Durango. Medical Building ±15,163 SF $3,639,000 UNIQUE OPPORTUNITY SINGLE-STORY MEDICAL BUILDING FOR SALE VIRTUAL TOUR

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FOR SALE 3012 S. Drive, Las Vegas, NV 89117 DO NOT DISTURB BUSINESS OPERATOR. CALL FOR DETAILS OR TO SCHEDULE A TOUR WITH BROKER.

1 FOR SALE 3012 S. Drive, Las Vegas, NV DO NOT DISTURB BUSINESS OPERATOR. CALL FOR DETAILS OR TO SCHEDULE A TOUR WITH BROKER. UNIQUE OPPORTUNITY SINGLE-STORY MEDICAL BUILDING ±15,163 SF $3,639,000 Alexia Crowley, CCIM, LEED GA Senior Associate alexia.crowley@colliers.com Chris Connell Vice President chris.connell@colliers.com VIRTUAL TOUR

UNIQUE OPPORTUNITY SINGLE-STORY MEDICAL BUILDING This facility is built-out for primary care with a large built-in reception area, six (6) Physicians offices, twenty five (25) exam rooms, four (4)

2 UNIQUE OPPORTUNITY SINGLE-STORY MEDICAL BUILDING This facility is built-out for primary care with a large built-in reception area, six (6) Physicians offices, twenty five (25) exam rooms, four (4) nurse s station, business area complete with conference room, bull-pen office area and separate entrance. UNIQUE OPPORTUNITY to own a ±15,163 SF single-story medical office building. This facility is an ideal purchase for an owner/operator looking to take over virtually turn-key medical office space with minimal modifications to the exterior/interior of the asset. This building would be ideal for primary care, ENT, pain management, pediatrics and many more. This property fronts south of Sahara Avenue with unobstructed visibility.

3 PROPERTY HIGHLIGHTS Outstanding frontage with unobstructed visibility on S. Drive. $3,639,000 ($239.99/SF) - below replacement cost Fully built out and equipped for primary care practice Efficient medical floor plan that maximizes patient, physician and staff flow Large, sought after, reception area Modern design finishes which offer excellent curb appeal. 61 parking spaces 4:1,000 Zoned (C-S ) General Commercial Land: 1.17 acres Construction year: 2006 $3,639,000 ($239.99/SF) below replacement cost

4 FOR SALE ±15,163 SF UNIQUE OPPORTUNITY to own a single-story medical building

5 FOR SALE UNIQUE OPPORTUNITY to own a single-story medical building $3,639,000 ($239.99/SF) below replacement cost

LAS VEGAS HOSPITALS The is located in the West Central Submarket of Las Vegas, bordering Summerlin, on the major arterial of Dr., between Sahara Ave & Spring Mountain Rd.

6 LAS VEGAS HOSPITALS The is located in the West Central Submarket of Las Vegas, bordering Summerlin, on the major arterial of Dr., between Sahara Ave & Spring Mountain Rd. The property is strategically located outside the medical radius restriction of Summerlin boundary near complimentary medical services, including Dignity St. Rose Dominican Hospital s Sahara campus. Centennial Hills Hospital VA Hospital Dignity Micro-Hosp Mountain View Hospital North Vista Hospital Summerlin Hospital Valley Hospital Subject UMC Hospital Dignity Micro-Hosp Sunrise Hospital The Lakes Dignity Micro-Hosp Copyright Desert 2018 Springs Colliers Hospital International. Spring Valley Hospital Southern Hills Hospital Henderson Hospital Dignity San Martin Hospital Dignity Micro-Hosp Dignity DeLima Hospital Dignity Siena Hospital HOSPITALS FREESTANDING ER MICRO-HOSPITALS Alexia Crowley, CCIM, LEED GA alexia.crowley@colliers.com Chris Connell chris.connell@colliers.com WEST CENTRAL SUBMARKET

BUY VS. LEASE COMPARISON 3012 S. Dr., Las Vegas, NV 15,163 Buy vs. Lease Own Lease Building Shell Price/SF $ 239.99 $ 3,639,000 Monthly Lease Rate/SF**** $ 2.

$ 68,234 Appraisal and Phase I $ 8,000 Security Deposit 1 mos $ 34,117 Total Cash Required $ 371,900 $ 102,350 * Closing cost includes the CDC Fees of $34,355 (capitalized in SBA loan), origination

7 BUY VS. LEASE COMPARISON 3012 S. Dr., Las Vegas, NV 15,163 Buy vs. Lease Own Lease Building Shell Price/SF $ $ 3,639,000 Monthly Lease Rate/SF**** $ 2.25 $ 34,117 Improvements/SF $ - Total Building Cost $ 3,639,000 Closing Cost* $ 70,550 Total Project Cost $ 3,709,550 Start up Costs Start Up Costs Cash Down Payment 10% $ 363,900 Prepaid Lease 2 mos $ 68,234 Appraisal and Phase I $ 8,000 Security Deposit 1 mos $ 34,117 Total Cash Required $ 371,900 $ 102,350 * Closing cost includes the CDC Fees of $34,355 (capitalized in SBA loan), origination fee for bank s 1st, title expense, appraisal, environmental **Mortgage Payment includes the bank s 1st DOT and the SBA 2nd DOT (amortized over 25 years). The Bank s portion does not include the bank s closing cost ***Depreciation estimated with a useful life of 27.5 years ****Rental rate from offering memorandum Figures are estimates and subject to change. It is recommended that your CPA is contacted to review. SBA Debenture (40% of project) is based on a 25 year fully amortizating, fixed rate loan of 5.35% (based on August 2018 SBA Effective Rate). The SBA loan has a declining 10 year pre-payment penalty (eliminated in year 11) based on the loan debenture rate. For example, the August 2018 debenture rate is 3.71% (the debenture rate is less than the effective rate). The maximum pre-payment penalty would be the full debenture rate (3.71%) of the principal remaining on the SBA loan. This amount declines by 10% each year, so five years in, the prepayment penalty would be cut in half, or approximately 1.86%. Monthly Occupancy Cost Monthly Occupancy Cost Mortgage Payment** $ 21,874 Lease Payment $ 34,117 Occupy Cost/SF $ Occupancy Cost/SF $ Adjusted Monthly Occupancy Cost 0 Adjusted Monthly Occupany Cost Occupancy Cost/SF $ Occupancy Cost/SF $ Less: Depreciation*** $ 0.63 Less: Depreciation 0 Net Occupancy Cost/SF $ Net Occupancy Cost/SF $ Net Monthly Occupancy Cost $ 21,078 Net Monthly Occupancy Cost $ 34,117

SBA 504 LOAN PROGRAM Sales Price $ 3,639,000 100.0% Financial Institution 1st Loan $ 1,819,500 50.0% SBA 504 2nd Loan $ 1,455,600 40.

8 SBA 504 LOAN PROGRAM Sales Price $ 3,639, % Financial Institution 1st Loan $ 1,819, % SBA 504 2nd Loan $ 1,455, % Buyer's Down Payment $ 363,900 10% SBA 504 Loan Fees: CDC Process Fee $ 21, % Funding Fee (3rd party) $ 3, % Underwriter Fee (3rd party) $ 5, % Flat Fee for SBA closing attorney $ 2,500 Round Up (Rebated back) $ 10,605 Total SBA Loan Amount: $ 1,500,000 Note: Buyer must have a net worth less than $15MM and an average net income less than $5MM after taxes in last two years. Financial Institution (Negotiable) 1st Deed of Trust $ 1,819,500 Interest Rate (Estimated) 6.00% Monthly Payment $11,723 SBA 504 Loan Fixed for 20 years: 2nd SBA Loan $ 1,500,000 Interest Rate (August 2018) 5.301% Monthly Payment $10,150 Total Payments: $21,874 Monthly Payment per SQ FT: $ 1.44 Monthly Payment per SQ FT * $ 1.09 Price per SQ FT $ Average Blended Interest Rate 5.68% (*Excludes Principal Payments)

LAS VEGAS MEDICAL MARKET HIGHLIGHTS Q2 2018 Medical Strong in Vegas > > Net absorption continued to be positive, but also continued on a downward trend > > The vacancy rate was 13.

25 psf FSG SOUTHERN NEVADA S MEDICAL OFFICE MARKET WAS STRONG AT MIDYEAR 2018 Net absorption was 30,440 square feet, lower than one quarter ago and one year ago.

9 LAS VEGAS MEDICAL MARKET HIGHLIGHTS Q Medical Strong in Vegas > > Net absorption continued to be positive, but also continued on a downward trend > > The vacancy rate was 13.0 percent at midyear 2018 > > The average asking rental rate increased to $2.25 psf FSG SOUTHERN NEVADA S MEDICAL OFFICE MARKET WAS STRONG AT MIDYEAR 2018 Net absorption was 30,440 square feet, lower than one quarter ago and one year ago. With no new medical office completions, the market achieved 13.0 percent vacancy, the lowest medical office vacancy since The average asking rental rate was $2.25 per square foot (psf) on a full service gross (FSG) basis, the highest average asking rent since Economic Indicators HEALTHCARE Employment +4.9% HEALTHCARE Spending MEDICAL SF/Job +0.1% Q Medical office development in Southern Nevada continued to be light in the second quarter, with no new properties completed and only 60,500 square feet of completions total at midyear. A 43,777 square foot medical office building is slated for completion next quarter, and a 24,000 square foot building by the end of the year. An additional 168,000 square feet of medical office space is planned for completion in Vacancy in medical office space decreased in the second quarter of 2018 to 13.0 percent, a decrease of 3.0 points from the second quarter of The highest vacancy rates this quarter were in the Southwest (24.5 percent) and Airport (15.8 percent) submarkets. The lowest vacancy rates were in Northwest (9.2 percent) and North Las Vegas (9.7 percent). Vacancy this quarter increased in Downtown, East Las Vegas, Northwest and Southwest, with the largest increase (1.9 points) occurring in Downtown. Vacancy decreased this quarter in Airport, Henderson, North Las Vegas and West Central, with the largest decrease (4.7 points) occurring in North Las Vegas. At midyear 2018, Southern Nevada absorbed 138,668 square feet of medical office space. This kept 2018 on pace to equal or exceed 2017 s record level of net absorption, although it is worth noting that net absorption has been trending lower since hitting a recent peak in the second quarter of The weighted average asking rental rate for medical office space in the second quarter of 2018 was $2.25 psf FSG. This was $0.03 psf higher than one year ago. Asking rates showed significant growth in 2017, increasing from $2.14 psf FSG in the fourth quarter of 2016 to a recent peak of $2.24 psf FSG in the third quarter of The average asking rate then decreased to $2.19 psf FSG in the fourth quarter of 2017 before rebounding this quarter. Continued strong demand should keep the average asking rate growing through Market Indicators Relative to prior period Q Q3 2018* VACANCY NET ABSORPTION COMPLETIONS RENTAL RATE *Projected Historical Vacancy Rates and Rental Rates 17.0% 16.0% 15.0% 14.0% 13.0% $2.30 $2.25 $2.20 $2.15 $ % $2.05 Alexia Crowley, CCIM, LEED GA alexia.crowley@colliers.com Chris Connell chris.connell@colliers.com 11.0% 2 Q Q Q Q 2017 Vacancy Rate 2 Q Q Q Q 2018 Rental Rate 2 Q 2018 $2.00

FOR SALE UARE E SQ TH The Square

FOR SALE UARE E SQ TH The Square THE SQUARE FOR SALE SITE PLAN TENAYA WAY POST ROAD The SQUARE, is a newly constructed, office condo development in the desirable Southwest Las Vegas submarket. The project is uniquely designed with modern