1070-1090 W Highland Ave., San Bernardino, CA 92405

O F F E R I NGM E M O R A N D U M

Golden Sands Plaza1070-1090 W Highland Ave., San Bernardino, CA 92405

NON- E NDORS E ME NT & DI S CLAI ME R NOTI CE

C O NF I D E NT I AL I T Y & D I S C L AI M E RThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be

made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus &

Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2021 Marcus & Millichap. All

rights reserved.

THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and

bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2021 Marcus & Millichap. All rights reserved.

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indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

S P E C I AL C OV I D - 1 9 NO T I C E

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser.

Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential

buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.

Activity ID #ZAC0260464

OFFICES THROUGHOUT THE U.S. AND CANADAmarcusmillichap.com

Golden Sands Plaza1070- 1090 W Highland Ave., San Bernadino, CA 92405

Adam ChristoffersonCalifornia-Ontario Broker of Record

16830 Ventura Blvd., Ste. 100Encino, CA 91436

Phone 818.212.2700License CA: 01240999

TABL

E O

F C

ON

TEN

TS Executive Summary

Financial Analysis

Property Description

Market Overview

01

02

03

04

Executive SummarySECTION 1

Golden Sands Plaza

1070-1090 W Highland Ave.San Bernadino, CA

OFFERING SUMMARY

Address:1070-1090 W Highland AveSan Bernardino, CA 92405

Occupancy:88.07%

Total GLA:~10,057 SF

Price:$1,659,000

Price $1,659,000

Cap Rate 4.81%

Total SF/ GLA ~10,057 SF

Lot Size .52 AC

Price per SF - GLA $164.96

Price per SF – Land $73.24

Number of Buildings 1

Lease Type NNN/Gross

Year Built 1962

Occupancy 88.07%

Tenancy Multiple

Amenities Signalized Intersection, Pylon Sign

Parking Spaces 22

Parking Ratio 2.18/1000 SF

Parcel ID | Lot Number 0148-241-12-0000 | 42

Frontage (Highland St.) 81.42 Ft.

Frontage (Muscupiabe Dr.) 305.91 Ft.

Zoning CG-1 / Opportunity Zone

Commuter Corridor Ease of Access to I-215 (.22 miles) and State Route 259 (.28 miles) Subject Property Across from Home Depot

Marcus & Millichap is pleased to exclusively offer a 10,057 +/- square foot, multi-tenant retail strip center located in an opportunity zone at 1070-1090 W Highland Avenue, San Bernardino, CA 92405 . Built in 1962, the property currently has 88.07% occupancy with many long-term tenants. Golden Sands Plaza provides good cash flow with the upside in reletting the former salon suite. The subject property offers various amenities including a pylon sign located at the signalized intersection at Highland Ave. and Muscupiabe Drive, as well as nearby access to the OmniTrans bus line. The subject property has convenient access to Interstate 215 (74,058 VPD), Route 259 (45,535 VPD), and proximity to San Bernardino International Airport (6 miles) and Ontario International Airport (20 miles). National retailers in the Highland Ave. commuter corridor include Home Depot, Popeye’s Chicken, Dollar Tree, Stater Bros. Markets, Dominoes, and Jack in the Box. Dignity Health Community Hospital, one of the largest health systems in the nation is located 1.3 miles from the subject property (343 beds).

Golden Sands Plaza is strategically located at 1070-1090 W Highland Ave. in San Bernardino (Riverside-

San Bernardino MSA: 13th largest in U.S. Population 4,599,839). San Bernardino is located in the Inland

Empire, which covers more than 27,000 square miles and is one of the fastest-growing population centers

in the United States. Inland Empire ranks as a top foreign investment market. Investors are attracted to

the region’s rent growth potential.

Average household income within five miles of the subject property is $59,685. Average population

within five miles of the subject property is 348,728. The region features an impressive offering of college

campuses, including nine community colleges, California State University, San Bernardino (2020

Enrollment: 19,404 students) and the University of California, Riverside (2020 Enrollment: 26,434 students).

Investment Overview

1 0 7 0 - 1 0 9 0 W H i g h l a n d A v e , S a n B e r n a r d i n o , C A 9 2 4 0 5

• Located in the Inland Empire• One of the Fastest-Growing Population

Centers in the United States• Ranks as a Top Foreign Investment Market• Attractive Regional Rent Growth

• Educated Workforce• 9 Community Colleges• California State University, San Bernardino

(2020 Enrollment: 19,404 Students)• University of California, Riverside (2020

Enrollment: 26,434 Students).

• Riverside-San Bernardino, CA MSA (Rank 13th ; Population 4,599,839)

• Average Household Income Within 5 Miles of the Subject Property: $59,685

• Population Within 5 Miles: 348,728

• Potential Tax Advantage - Located in an Opportunity Zone

Ideal Location:• Commuter Corridor | W Highland Ave. (58,690VPD)• Convenient Access to Interstate 215 (74,058 VPD) and

Route 259 (45,535 VPD)• Opportunity Zone | Potential Tax Advantage• Inland Empire | Fast Growing Population Center

INVESTMENT HIGHLIGHTS

• Multi-Tenant Retail Strip | 88.07% Occupancy | Upside Potential with Rent Growth and Lease-Up

• Attractive Price/SF | Priced Below Replacement Cost

• High Traffic Commuter Corridor - Convenient Access to Interstate 215 (74,058 VPD), Route 259 (45,535 VPD)

• Proximity to San Bernardino International Airport (6 miles) and Ontario International Airport (20 miles).

• National Retailers in the Highland Ave. Commuter Corridor include; Home Depot, Popeye’s Chicken, Dollar Tree, Stater Bros. Markets, Dominoes, and Jack in the Box.

• Amenities Include Pylon Signage, Signalized Intersection of Highland Ave. and Muscupiabe (muss-coo-bee-ah-bee) Drive & OmniTrans Bus Line

Desirable Demographics:• Riverside-San Bernardino, CA MSA (Rank 13th ; Population

4,599,839)• Average Household Income Within 5 Miles of the Subject

Property: $59,685 • Population Within 5 Miles: 348,728• Inland Empire| Attractive Regional Rent Growth

Financial AnalysisSECTION 2

Golden Sands Plaza


F I N A N C I A L S U M M A R Y / / G o l d e n S a n d s P l a z a

INVESTMENT OVERVIEW

Price $1,659,000

Down Payment (100%) $1,659,000

CAP Rate 4.81%

Cash-on-Cash Return 4.81%

Approx. Gross SF ~10,057

Cost per Gross SF $164.96

Lot Size .52 AC

Construction Masonry

OPERATING DATA

Gross Scheduled Income $119,485

CAM, T, I Reimbursement $ -

Total Scheduled Income $119,485

Vacancy Cost (9%) $10,754

Gross Operating Income $108,732

Less Expenses $28,869

Net Operating Income (4.81%) $79,863

Pre-Tax Cash Flow $79,863

Total Return Before Taxes (4.81%) $79,863

EXPENSES

Taxes (2021) $1.62 $16,268

Insurance (Budget) $0.20 $2,011

Electric (Estimate) $0.10 $960

Water/Sewer (Estimate) $0.10 $960

Trash Removal (Budget) $0.13 $1,320

Landscaping (Estimate) $0.15 $1,500

Repairs & Maintenance (Budget) $0.15 $1,500

Management Fees 4.00% $4,349

Total Expenses $28,869

Per Rentable SF $2.87

* This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

R E N T R O L L / / G o l d e n S a n d s P l a z a

TENANT Suite~Approx. Rentable

SF

% of Ctr Vs.

Total SF

Lease Commence

Lease Expiration

Current Monthly Rent

Current Annual Rent

Approx. AnnualRent/SF

Lease Type

AnnualTax

OptionTerms

Dae Sook Kim | One Hour Fabric Care 1,2 2,000 25.00% 10/1/2006 $3,826.23 $45,914.76 $28.70 NNN

Vacant (Formerly Georgia Miller | Hair Salon)Termination Notice Given

3 1,200 12.50% $906.25 $10,875,00 $13.59 NNN

Cristin Guiterrez | Contractor License Shoes 4 1,200 12.50% 12/1/2014 $721.41 $8,656.92 $10.82 Gross

Albert Robles | Al’s Orthopedic Shoes & Repair 5,6 2,000 12.50% 6/1/2007 $1,300.00 $19,200.00 $24.00 Gross

Luz M Vega Mejia | Tax Services 7 1,200 12.50% 2/1/2010 1/10/2022 $800.00 $9,600.00 $12.00 Gross

Karyn E Chapman | Notary Services 8 1,200 12.50% 10/1/2019 9/30/2024 $878.23 $10,538.76 $13.17 Gross

Ricardo D Gonzalez | Salsa Dance Studio 9 1,200 12.50% 3/1/2021 2/28/2022 $1,225.00 $14,700.00 $18.38 Gross

Common Area 57

Totals 10,057 $9,657 $119,485 18.67

Occupied 88.07% 8,857 90.62% $8,751 $108,610 $19.39

Vacant 11.33% 1,200 9.38% $906 $10,875 $13.59

* This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

525 W Highland Ave. San Bernardino, CA 92405Distance 0.74 miles Year Built 1988

Gross SF 8,500 SF Rent/SF $22.20

Lease Type NNN

1740-1788 W Highland Ave. San Bernardino, CA

393-397 W Highland Ave. San Bernardino, CA 92405

R E N T C O M P S / / G o l d e n S a n d s P l a z a

Distance 0.91 miles Year Built 1986

Gross SF 7,000 SF Price/SF $17 - $20

Lease Type NNN

Distance 1.1 miles Year Built 1958

Gross SF 11,723 SF Price/SF $15 - $18

Lease Type Modified Gross

Distance miles Year Built 1980

Gross SF 9,886 SF Price/SF $12

Lease Type NNN

279-297 E Base Line St. San Bernardino, CA

Property DescriptionSECTION 3

Golden Sands Plaza


Interstate 215(96,000VPD)

L O C A L M A P / / G o l d e n S a n d s P l a z a

Golden Sands PlazaW Highland Ave.

(58,690VPD)

Route 259(45,535 VPD)

Interstate 215(74,058 VPD)

L O C A L M A P / / G o l d e n S a n d s P l a z aGolden

Sands PlazaW Highland Ave.

(58,690VPD)


60 Miles to Downtown L.A.

6 Miles to San Bernardino International Airport

Golden Sands Plaza

S I T E P L A N / / G o l d e n S a n d s P l a z a

R E G I O N A L M A P / / G o l d e n S a n d s P l a z a

Golden Sands Plaza


San Bernardino High School

Dignity Health Community Hospital

6 Miles to San Bernardino

International Airport

60 Miles to Downtown L.A.

55 Miles to Palm Springs

W Highland Ave. (58,690 VPD)

Golden Sands Plaza

Route 259

(50,000VPD

)

Muscupiabe D

r.

A D D I T I O N A L P H O T O S / / G o l d e n S a n d s P l a z a

Market OverviewSECTION 4

Golden Sands Plaza


R i v e r s i d e -S a n B e r n a r d i n o , C A M S A

( I n l a n d E m p i r e )

P O P U L AT I O N: 4 , 5 9 9 , 8 3 9(Top 13 MSA)

RIVERSIDE-SANBERNARDINO

Known as the Inland Empire, the Riverside-San Bernardino metro is a28,000-square-mile region in Southern California composed of SanBernardino and Riverside counties. The metro contains a population of 4.6million. The largest city is Riverside with more than 324,100 residents,followed by San Bernardino with 218,800 people. Valleys in the southwesternportion of the region that are adjacent to Los Angeles, Orange County andSan Diego County are the most populous in the metro. These areas abut theSan Bernardino and San Jacinto mountains, behind which lies the highdesert area of Victorville/Barstow to the north and the low-desert CoachellaValley, home of Palm Springs, to the east.

METRO HIGHLIGHTSSTRATEGIC LOCATIONInterstate access and proximity to LAX and Ontario International airports as well as ports in Long Beach and Los Angeles contribute to the metro’s vast air, rail and interstate transit network.

DOMINANT INDUSTRIAL MARKETRiverside-San Bernardino is one of the nation’s leading industrial markets in terms of sales, construction and absorption.

STRONGDEMOGRAPHIC TRENDSJobs, colleges, new-home construction and more affordable housing options drawthousands of newresidents to the Inland Empire each year.

M A R K E T O V E R V I E W / / G o l d e n S a n d s P l a z a

ECONOMY Intermodal infrastructure supports the warehousing and distribution industry. Ontario International

and the Southern California Logistics Airport in Victorville are cargo airports that supplement the distribution system.

Growth in the distribution industry impacts all others. Many Fortune 500 companies have massive distribution centers in the area, such as Amazon and Deckers. Available land allows further development.

Relatively affordable housing compared with nearby counties supports local population growth. These gains heighten the need for housing, retail goods, and personal and government services.

MAJOR AREA EMPLOYERS

Kaiser Permanente

Riverside Community Hospital

AT&T

Loma Linda University Medical Center

Flexsteel Industries

Walmart

University of California, Riverside

Amazon

Inland Cold Storage

Toro * Estimate, ** Forecast

SHARE OF 2020 TOTAL EMPLOYMENT

MANUFACTURING

6%GOVERNMENT

HEALTH SERVICESEDUCATION AND

+OTHER SERVICES

2%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

27%AND UTILITIES

TRADE, TRANSPORTATION CONSTRUCTION

PROFESSIONAL ANDBUSINESS SERVICES

1%INFORMATION

10%

7%

17% 9% 3%

17%


DEMOGRAPHICS The metro is expected to add nearly 180,000 people through 2025, and during this time, more

than 60,700 households will be formed, generating demand for housing. The homeownership rate of 63 percent is higher than other large metros in the state. The median home price of $464,000 is more affordable than larger Southern California metros.

2020 Population by Age

Relatively affordable housing is a large draw of the metro. The median home price in Riverside-San Bernardino is lower than in Los Angeles and Orange counties. The Inland Empire providescultural opportunities, including the Riverside Metropolitan Museum and the Museum of Historyand Art in Ontario. The Riverside County Philharmonic performs classical music concertsthroughout the area. The region features an impressive offering of college campuses, includingnine community colleges, California State University, San Bernardino and the University ofCalifornia, Riverside.

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics;U.S. Census Bureau

QUALITY OF LIFE

7%0-4 YEARS

22%5-19 YEARS

7%20-24 YEARS

27%25-44 YEARS

24%45-64 YEARS

13%65+ YEARS

2020MEDIANAGE:

34.8U.S. Median:

38.2

2020 MEDIANHOUSEHOLD INCOME:

$66,300U.S. Median:$63,000

2020POPULATION:

4.6MGrowth

2020-2025*:3.9%

2020HOUSEHOLDS:

1.5MGrowth

2020-2025*:4.2%

EDUCATION

ARTS & ENTERTAINMENT

SPORTS


POPULATION 1 Mile 3 Miles 5 Miles2025 Projection

Total Population 21,049 159,573 354,6872020 Estimate

Total Population 20,887 157,586 348,7282010 Census

Total Population 20,027 150,946 332,2852000 Census

Total Population 17,959 135,940 299,054Daytime Population

2020 Estimate 16,395 128,112 315,061HOUSEHOLDS 1 Mile 3 Miles 5 Miles2025 Projection

Total Households 5,686 45,090 96,8872020 Estimate

Total Households 5,633 44,558 95,367Average (Mean) Household Size 3.6 3.4 3.6

2010 CensusTotal Households 5,351 42,123 89,691

2000 CensusTotal Households 5,187 40,686 86,883

2025 Projection 6,014 47,588 101,3662020 Estimate 5,998 47,313 100,261

HOUSEHOLDS BY INCOME 1 Mile 3 Miles 5 Miles

$150,000 or More 2.4% 3.5% 4.4%$100,000-$149,999 7.8% 8.9% 10.7%$75,000-$99,999 12.6% 11.4% 12.4%$50,000-$74,999 21.4% 18.4% 19.4%$35,000-$49,999 15.5% 14.6% 14.6%Under $35,000 40.2% 43.2% 38.5%

Average Household Income $52,880 $54,399 $59,685Median Household Income $45,120 $41,786 $46,387Per Capita Income $14,470 $15,865 $16,637

HOUSEHOLDS BY EXPENDITURE 1 Mile 3 Miles 5 MilesTotal Average Household Retail Expenditure $54,367 $53,139 $57,347Consumer Expenditure Top 10 Categories

Housing $18,478 $18,286 $19,607Transportation $9,823 $9,735 $10,553Food $7,438 $7,183 $7,624Personal Insurance and Pensions $6,238 $6,014 $6,618Healthcare $3,709 $3,568 $3,822Entertainment $2,599 $2,540 $2,770Apparel $1,388 $1,346 $1,453Cash Contributions $1,216 $1,118 $1,233Education $1,079 $1,035 $1,181Gifts $730 $717 $773

POPULATION PROFILE 1 Mile 3 Miles 5 MilesPopulation By Age

2020 Estimate Total Population 20,887 157,586 348,728Under 20 34.1% 34.1% 33.6%20 to 34 Years 23.3% 24.6% 24.6%35 to 39 Years 6.8% 6.6% 6.7%40 to 49 Years 12.4% 11.6% 11.7%50 to 64 Years 14.6% 14.3% 14.6%Age 65+ 8.8% 8.8% 8.8%Median Age 29.7 29.2 29.5

Occupied Units

Population 25+ by Education Level

2020 Estimate2020 Estimate Population Age 25+ 12,057 90,631 202,382Elementary (0-8) 15.8% 16.1% 15.5%Some High School (9-11) 22.5% 20.3% 18.4%High School Graduate (12) 28.0% 29.1% 29.4%Some College (13-15) 19.7% 19.4% 20.8%Associate Degree Only 6.9% 6.0% 6.4%Bachelor's Degree Only 5.0% 6.5% 6.8%Graduate Degree 2.1% 2.7% 2.8%

D E M O G R A P H I C S / / G o l d e n S a n d s P l a z a

Major Employers Employees1 Kohls Corporation-Kohls 5,0082 San Manuel Indian Bingo Casino 2,9503 California Dept Transportation-Department Trnsp Cnstr 1,2004 California Dept Transportation-Caltrans District 8 1,2005 Califrnia State Univ San Brnrd-Csusb 1,1506 Cracker Brrel Old Cntry Str In-Cracker Barrel 9517 Stater Bros Markets 9008 Job Options Incorporated 8209 County of San Bernardino-Public Works 70010 San Bernardino 62111 San Brnrdino Cmnty College Dst-San Bernardino Valley College 50012 County of San Bernardino 50013 San Bernardino County Schl Dst 50014 San Bernardino California City-San Bernardino Police Dept 47715 Cardenas Markets LLC 45616 San Bernardino California City-San Bernardino Police Dept 45017 Inland Empire Health Plan 42818 San Brnrdino Cnty Prbtion Offc 40719 Think Together 40220 San Bernardino City Unf School-San Gorgonio High School 40021 Sun Company San Bernardino Cal-San Bernardino County Sun The 40022 USDA Forest Service-Federal Intrgncy Cmmnctons Ctr 40023 County of San Bernardino-Inland Empire Neighborhood Imp 38524 Omnitrans Inc-Omnitrans Access 35425 San Bernardino California City 352

D E M O G R A P H I C S / / G o l d e n S a n d s P l a z a

Adam ChristoffersonCalifornia-Ontario Broker of Record

16830 Ventura Blvd., Ste. 100Encino, CA 91436

Phone 818.212.2700License CA: 01240999

Golden Sands Plaza1070-1090 W Highland Ave., San Bernadino, CA 92405

1070-1090 W Highland Ave., San Bernardino, CA 92405

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