Offering Memorandum

5585 Daniels St, Unit C

Chino, CA91710

Brian Ngo

909.636.1877

brian.ngo@kw.com

Confidentiality and Disclaimer

The information in the following Marketing Brochure is proprietary and strictly confidential. It is

intended to be reviewed only by the party receiving it from Keller Williams Realty Inc and KW

Executive (hereinafter “Keller Williams”) and should not be made available to any other person or

entity without the written consent of Keller Williams. 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. Keller Williams 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, Keller Williams has not verified, and will not verify, any of the information

contained herein, nor has Keller Williams 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. KW Commercial is a service mark of Keller Williams Realty Inc.

Non-Endorsement Notice

Keller Williams is not affiliated with, sponsored by, or endorsed by any commercial tenant or

lessee identified in this marketing package. The presence of any corporation’s logo or name is

not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said

corporation of Keller Williams, its affiliates or subsidiaries, or any agent, product, ser4vice, or

commercial listing of Keller Williams, and is solely included for the purpose of providing tenant

lessee information about this listing to prospective investors.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR

KELLER WILLIAMS AGENT FOR MORE DETAILS.

Investment SUMMARY

Property Address5585 Daniels St, Unit C

Chino, CA 91710

Sale Price $650,000

Investment Type Owner/User

2635 SF

24’ Feet

$247

2006

Building Size

Building Height

Price/SF

Built

Ceiling Height 18’ Feet

Docks 1 GL doors

Property Type 2 Star Industrial Warehouse Condo

Zoning IP

County San Bernardino

APN 1021-202-61-0000

EXECUTIVE SUMMARY

The featured 2635 SF Industrial Condo built in 2006 is located in Chino,

California, within the Komar Business Center, one of Chino’s newest and

highly sought after business parks. The property is located in a central

location bordering 3 counties (San Bernardino, Orange, and Los Angeles

Counties). The property is located just 4 minutes to the Chino Airport, 18

minutes from the Ontario International Airport, 44 minutes to JohnWayne

Airport, 57 minutes to Long Beach-Daugherty Field Airport, 14 minutes to

Downtown Pomona Commuter Rail, 15 minutes to Montclair Commuter

Rail with close access to the California highway 71 and the 60 freeway.

Within a 5 mile radius, the property has access to a population of over

443,000; over 133,000 employees with an average household income of

over $80,000 and $3.67 billion of total consumer spending.

HOA $299/mo

PROPERTY DESCRIPTION

Property is a 2,635sf industrial condo situated in thegrowing San Bernardino city of Chino, California.Solid location with easy access to both the 71 & 60Freeways. Constructed in 2006, the structure on theproperty shows very little signs of wear and tear.Property provides an unique opportunity for either anOwner/User or Investor to acquire a solid investmenttailored for startup or new companies, especially giventhe difficulty of finding small confined industrial space.As such the property’s characteristics coupled with itbeing well situated in between two major Californiafreeways makes it a sound long term investmentopportunity for those who understand its targetedusage.

• Industrial Condo, at ±2,635 sf with ±502 sfoffice built in 2006 located in one of Chino’snewest and highly sought after business parks

• Property has 18’ ceiling with 1 GL 10’w x 14’h

• 200 Amps; 277/480 Volts

• Minutes away from CA 71, 91, and 60 Freeways

• Beneficial location in the Tri-County intersection where San Bernardino, Los Angeles, and Orange Counties converge.

• Demographic incentive serving a population exceeding 443,000 in a 5-mile radius with consumers spending topping $3.67 billion in recent consumer reports.

MARKET INSIGHT

Chino/Chino Hills continues to exhibit strong demand and vacancies here are 1.0% compared to 4.2% across the metro. While the

submarket benefits from proximity to North Orange County, where higher income households are more plentiful, there have also

been fewer buildings delivered this cycle than other Inland Empire submarkets due to higher costs of land. While development

activity started to accelerate in 2018, when 3 million SF delivered, the most ever in the submarket, only a few small projects are

currently in the pipeline. The limited amount of available space has led to favorable rent growth for the last five years, and rents grew

by 4.9% over the past four quarters.

Investors started to pull back in 2019—although pricing is at an all-time high. The previous year's sales volume is inflated by a

couple national portfolios that involved a few properties in the submarket. One of the largest trades of 2019 is an 89,400-SF building

that sold for $15.5 million. In comparison, one of the largest single-property trades in 2018 was East Group Properties' acquisition of

a 182,000-SF distribution center for $23.3 million in June. Market Cap Rate based on 12 months sales volume has been both

trending up at 4.8% with Submarket at 4.7%.

Sales

Chino/Chino Hills typically does not attract large-scale investments as frequently as submarkets like Airport Area or Riverside, and recent

volume reflects that characterization. However, pricing has continued to grow, with a few mid-sized buildings earning top dollar. For example,

in August 2019, the 20,400-SF warehouse in Opus North Chino traded for $4.6 million ($225/SF), and in January 2019, a 7,100-SF warehouse

in Montclair traded for $2.5 million ($352/SF).

The previous year was exceptional for deal activity because of a massive inflow of institutional capital. Sales volume reached nearly $200

million in 2018—a nine-year high. Many large industrial buildings were traded as part of Prologis' buyout of DCT Industrial for $1.8 billion.

One of those buildings is the Dolphin Distribution Center in Chino, a 192,000-SF distribution building valued at around $18 million

Leasing

Vacancies are extremely tight and leasing has primarily been limited to new deliveries and, very rarely, existing space becoming available. One

of these occurred when Soligent moved into a building in the Majestic Spectrum that was occupied by Taylored Services in early 2018. Also in

early 2018, Luke Supply moved into a warehouse occupied by Capital Technology Inc. Notably, NFI recently signed a five-year lease to

continue operating in Chino. In a similarly rare event, Best Buy moved out of a 600,000 SF distribution center in the Majestic Spectrum

in 18Q4—one of the few buildings this size to become vacant in recent quarters. The building was immediately leased and FabFitFun moved in

the following quarter. Leasing activity is likely to remain low in 2020, as fewer buildings are available for lease and fewer industrial buildings

are expected to deliver.

AREA MAPS

Local Map

Regional Map

5585 Daniel St. #C ChinoAdditional Photos

PROPERTYPICTURES –Site Map

Prepared by:

Leo ShihCommercial Director(310) 658 9669lshih@kw.comDRE# 01913235

KW Executive388 East Valley Blvd., Ste.106Alhambra, CA 91801

Jennie ChingSenior Broker Associate(310) 779-5376Jennie.ching@kw.comDRE# 02018566

KW Executive388 East Valley Blvd., Ste.106Alhambra, CA 91801

Brian NgoSenior Sales Associate(909) 636 1877brianngo@kw.comDRE# 01964502

KW Executive388 East Valley Blvd., Ste.106Alhambra, CA 91801