OFFERING MEMORANDUM

CANYON CENTER17901 Soledad Canyon RoadSanta Clarita | California

This Offering Memorandum was prepared by KW CommercialCalabasas (Broker) on the behalf of the Owner. By accepting thisOffering Memorandum, the party in possession hereof agrees (i) toreturn it to Owner/Agent immediately upon request and (ii) that thisOffering Memorandum and its contents are of a confidential natureand will be held and treated in strict confidence. No portion of thisOffering Memorandum may be copied or otherwise reproduced ordisclosed to anyone without the prior written authorization ofofficer of Owner/Agent. Principals and real estate brokers areprohibited from disseminating this information without the specificwritten consent of an officer of Owner/Agent.

This Offering Memorandum is subject to errors, omissions, changesor withdrawal without notice and does not constitute arecommendation or endorsement as to the value of the property asa reference and are based on assumptions proposed byOwner/Agent and their sources. Prospective purchasers shouldmake their own projections and reach their own conclusion ofvalue.

Certain portions of this Offering Memorandum merely summarizeor outline property information and are in no way intended to becomplete nor necessarily accurate descriptions. All prospectivepurchasers are to rely upon their own investigations and duediligence in the formation of their assessment of the condition ofthe property, including engineering and environmental inspections.All relevant documents are expected to be reviewed independentlyby any prospective purchaser.

Neither Owner nor the Agent nor any of their respective officers,advisors, agents, or principals has made or will make anyrepresentations or warranties, expressed or implied, as to theaccuracy or completeness of the Offering Memorandum or any ofthe contents, and no legal commitment or obligations shall arise byreason of the Offering Memorandum or the contents. Analysis andverification of the information contained in the OfferingMemorandum is solely the responsibility of the prospectivepurchaser.

Owner reserves the right to reject any or all expressions of interestor offers to purchase this property, as well as the right to terminatediscussions with any party at any time with our without notice.Owner shall have no legal commitment or obligation to anypurchase reviewing this Offering Memorandum or making an offerto purchase this property unless a written agreement for thepurchase of the property has been fully executed, delivered andapproved by Owner and any conditions to Owner’s obligationsthereunder have been satisfied or waived.

The terms and conditions set forth above apply to this OfferingMemorandum in its entirety.

CONFIDENTIALITY AGREEMENT

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Property Information

Total

OFFERING PRICE: $14,000,000 $136.30 PSF

± BUILDING SQFT:

CURRENT OCCUPANCY:

LAND SIZE:

STORIES:

YEAR BUILT:

PARKING SPACES:

PARKING STYLE:

ZONING: CC

MAJOR CROSS STREET:

102,712

100% Vacant

±2.19 AC (95,418 SF)

2 level subterranean & on-grade

Soledad Canyon & Sierra Hwy

4.37/1,000 SF

2012

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PROPERTY OVERVIEW CANYON CENTER | SANTA CLARITA

Property Summary

Property Highlights

High-quality new construction, built in 2012. Property has never been occupied.

Warm shell mostly in place and completed. Ideal for various uses.

Two level Subterranean parking garage with a parking ratio of 4.37/1,000 SF.

Favorable demographics and growth projections through to 2023.

Centrally located, just off of the 14 freeway .

KW Commercial & Anvers Capital Partners, as the exclusive advisor to Ownership, is

pleased to present for sale 17901 Soledad Canyon Road in Santa Clarita, California

(the “Subject Property”). The Subject Property is well-situated just north of the Santa

Clara River near the intersection of Sierra Highway and Soledad Canyon Road. The

property is comprised of one parcel totaling approximately 2.19 acres of land with

one structure totaling 102,712 square feet of building area.

The subject property was just newly constructed in 2012, and consists of 3 (2nd and 3rd

floors consisting of •±41,000 SqFt floor plates) stories with two levels of subterranean

parking. The property was built as an office/medical office building, however does

allow for various other potential uses through a conditional use permit. Ideal uses for

the property consists of medical office space or hospital and other medical related

usages requiring a high parking ratio, assisted liv ing/memory care facility,

government/governmental agencies, and high-density back-office space.

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PROPERTY ZONING USES CANYON CENTER | SANTA CLARITA

17.34.010 Community Commercial (CC) Zone.

The community commercial (CC) zoning designation is intended for business providing retail and service uses that primarily serve the local market. Representative uses include

restaurants, clothing stores, hardware and auto parts stores, grocery markets, pharmacies, banks and financial services, specialty retail, theaters and nightclubs, day care

centers, and medical services. These areas are typically located along arterial streets or at the intersections of high traffic corridors. Multiple-family dwellings (including

live/work units) may be permitted in this zone.

Permitted Uses

5. Banks and Financial Services Parking

Includes financial institutions including: banks, credit agencies, credit unions, investment companies, savings and loans, and similar

financial services.1 space per 250 square feet

6. Business Support Services Parking

14. Medical Services Parking

Includes establishments primarily engaged in the provision of personal physical health services on an outpatient basis ranging from

prevention, diagnosis, treatment or rehabilitation services provided by physicians, dentists, nurses and other health personnel, as well

as the provision of medical testing. Typical uses include, but are not l imited to, medical offices, urgent care facil ities, substance abuse

treatment clinics, weight management, physical therapy, chiropractic, optometry and acupuncture.

1 space per 200 square feet

a.) Advertising; b.) Blueprinting; c.) Computer related services; d.) Office equipment maintenance and repair; e.) Office equipment sale and

rental; f.) Mailing/shipping; g.) Photocopying.

1 space per 250 square feetIncludes establishments primarily engaged in rendering services to business establishments on a fee or contract basis. Services include,

but are not l imited to:

18. Professional Offices Parking

Includes professional offices including, but not l imited to, administrative offices, advertising agencies, attorneys, counseling services,

computer software designers, engineering services, insurance agencies, real estate agencies, and travel agencies.1 space per 250 square feet

21. Retail Sales, Specific-e. Drugstores Parking

includes retail establishments primarily engaged in the fi l l ing of medical prescriptions and the sale of medicines and drugs, medical

devices and supplies, nonprescription medicines and includes the sale of nonmedical related products, including, but not l imited to,

alcohol, cosmetics, electronics, greeting cards, packaged food items, and stationery. Typical uses are less than forty thousand (40,000)

square feet. Alcohol sales shall be in accordance with the provisions of Section 17.66.020 (Alcohol Sales).

1 space per 250 square feet; plus

required parking for additional uses

on site

21. Retail Sales, Specific-i. Furniture Stores Parking

Includes establishments primarily engaged in the sale of home and/or office furniture and may include incidental repairs1 space per 400 square feet

Click Here to View Entire Zoning Code

CANYON CENTER | SANTA CLARITA

Uses Requiring a Conditional Use Permit

** Initial underwriting has already been completed on the potential conversion of the project into Assisted Living/Memory Care based on 127 units (City approval would be

needed for conditional use permit), generating a projected NOI of ±$4.5MM and a total project cost of ±$31.66MM. Based on a 6.25% estimated exit cap, total additional value

created exceeds $43MM. Underwriting can be provied upon request.

Parking

Varies depending on project type

Varies based on unit type and/or Age

restricted development

a functional area within an organization or an outsourced, separate facil ity that exists solely to answer inbound or place outbound

telephone calls; usually a voice operations center that provides a full range of high-volume, inbound or outbound call-handling

services, including customer support, operator services, directory assistance, multil ingual customer support, credit card services,

inbound and outbound telemarketing, interactive voice response and web-based services.

1 space per 200 square feet

Includes predominantly participant sports and health activities which are normally associated with a country club. Typical uses

include country clubs, racquet clubs, swim clubs, and may include other accessory uses, including restaurants, banquet facil ities and

retail sales.

All uses within such a facil ity shall

provide parking as contained in this

code

24. Schools, Specialized

**11. Residential Health Care Facility Parking

Includes residential facil ities usually occupied by the elderly that provide rooms, meals, personal care and health monitoring services

under the supervision of a professional nurse or other professional health care provider and that may provide other services, such as

recreation, social and cultural activities, financial services and transportation. Typical uses include convalescent homes.

0.5 spaces for each unit and/or bed

16. Supportive Housing Parking

Includes housing with no limits on length of stay that is l inked to on-site or off-site services that assist a resident in retaining housing,

improving his/her health conditions and maximizing his or her ability to live and, when possible, work in the community.

1 space for each staff member; plus

1 space for each resident using a

motor vehicle

includes a building designed and intended for occupancy by three (3) or more families l iving independently of each other, each in a

separate dwelling unit, which may be owned individually or by a single landlord. Includes apartments, townhomes, row houses,

triplexes, and fourplexes. Accessible parking stalls shall be required in accordance with the Building Code.

18-a. Professional Offices- Call Centers Parking

19-h. Recreation, Commercial - Recreation Facilities Parking

3-c. Dwelling - Multifamily Parking

Includes schools of specialized education and instruction, but does not include public and private elementary and secondary schools

and colleges and universities. The following are specialized school uses: ( Vocational Schools, Instructional Schools)

PROPERTY ZONING USES

Click Here to View Entire Zoning Code

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PROJECT OVERVIEW

The City of Santa Clarita is the thirdlargest city in Los Angeles County.Nestled between the San GabrielMountain Range to the east and theSanta Susana Mountain Range to thewest - Santa Clarita is located just north ofthe San Fernando Valley, 30 miles fromdowntown Los Angeles, and 40 miles eastof the Pacific Ocean. The total area ofthe city is 64.41 sq. miles and includes thecommunities of Canyon Country,Newhall, Saugus and Valencia.

Since incorporation in 1987, thirty-twocommunities positioned adjacent to theCity have annexed into the City of SantaClarita, adding a total of 18.1 squaremiles to the City. Population hasincreased from 110,642 in 1990. Thisincrease in population can be attributedto the aforementioned annexations, birthrates and residents moving into SantaClarita.

With 213,231 residents, the City of SantaClarita is the third-largest City in LosAngeles County, following the City of LosAngeles (3.9 million residents) and theCity of Long Beach (472,779 residents).

The City of Glendale ranks as the fourth-largest City in Los Angeles County, with atotal estimated population of nearly199,182 residents. Santa Clarita is the 18thlargest city in the State of Californiafollowing San Bernardino’s 213,933residents.

The Santa Clarita Valley’s clean andamenity-rich environment, award winningschools, highly skilled workforce andemployment opportunities are attractingboth new employers and residents to theregion. Accordingly, the population in theSanta Clarita Valley has grown by nearly35% over the past decade to over278,000 and is on pace to reach 308,000by 2018.

More affordable housing and new jobcreation in the Santa Clarita Valley willattract more people into the region. TheNewhall Ranch residential developmentwill create additional housing opportunityadding more than 21,000 new homes tothe area. Construction is anticipated tobegin in 2016 and is expected tocontinue in phases over the next 20 years.

The City of Santa Clarita

WRITE-UP & DESCRIPTION

Santa Clarita was named the “Most BusinessFriendly City in Los Angeles County,” by LosAngeles County Economic DevelopmentCorporation (LAEDC), and offers businessesmany reasons to locate here. From the tax-saving benefits of the Industry Cluster AttractionIncentive to the new one-stop permitting centerat City Hall, doing business in Santa Clarita issimple and has many benefits including: » NoBusiness License Fees » No Utility Users Tax » NoGross Receipts Tax » One of the Top 20 RetailMarkets in California (California Retail Survey,2012) » “The Most Business Friendly City in LosAngeles County” (LAEDC, 2008) » Named the“Best City of Industrial Development” (LosAngeles Business Journal, 2008).

The City of Santa Clarita's strong and diverseeconomy makes Santa Clarita the idealdestination for business. Maintenance of ahighly supportive environment for businessdevelopment is achieved through thecooperation of the Santa Clarita ValleyEconomic Development Corporation, the SantaClarita Valley Chamber of Commerce, theValley Industry Association, and the Citygovernment. In addition, companies benefitgreatly from the area's modern business parks,as well as from a highly-skilled labor pool, varietyof transportation choices, housing, quality of life,climate, and scenery.

Businesses are moving to the Santa ClaritaValley at an accelerated pace – its strategiclocation is one key factor.

Transportation

Just 30 minutes north of downtown Los Angeles,the Santa Clarita Valley is close to 23 interstateand local highways and enjoy easy access toLAX, Burbank Airport, Port of Los Angeles, andPort of Long Beach.

Workforce

Companies in the Santa Clarita Valley can tapinto 2.7 million workers within a 30-minute radius.The reverse commute is a plus for employersand employees alike.

Universities and Job Training

The Santa Clarita Valley is also close to 15 areacolleges and universities and home to theCollege of the Canyons, which is recognized forits leadership in correlating education witheconomic growth, job retention and workforcedevelopment.

Doing Business In Santa Clarita (1 of 3)

MARKET OVERVIEW

2.7 Million workers within a 30-minute radius and over 5 Million People

within a 30 minute commute

Close to 15 area colleges and universities and

home to College of the Canyons

30 minutes north of downtown Los Angeles and easy access to LAX and Burbank Airports

Named on of the Most Business Friendly cities in

Los Angeles County by LAEDC

CANYON CENTER | SANTA CLARITA

Generally, clusters are geographic concentrations ofinterconnected businesses, suppliers, service providers andassociated institutions in a particular industry sector. The“clustering” of businesses can enhance the competitiveadvantage of a region by fueling competition in the localeconomy, which often leads to quality job creation. TheSCVEDC has targeted its economic development efforts toassist in the expansion of the five industry clusters below.

AEROSPACE & DEFENSE

The Aerospace & Defense industry has a solid presence in theSanta Clarita Valley and is focused on aerospace product andparts manufacturing, space research and technology andnational security/international affairs. The Aerospace & DefenseCoalition (ADC) is made up of over sixty SCV aerospace anddefense companies that meet quarterly in the SCV.

MEDICAL DEVICES

The Santa Clarita Valley enjoys a reputation as a nationalleader in the discovery and engineering of much noteworthyadvancements in the medical device field. Our advancedworkforce, high quality of life and strong training infrastructureare just a few of factors that make the SCV a productivelocation for firms.

ADVANCED MANUFACTURING

The Santa Clarita Valley is a sought after location for businessesinvolved in the production of high-value added, technical, orcapital-intensive goods that require advanced inputs andmanufacturing processes. The outputs produced by our firmsare very diverse and range from electronics to engines.

DIGITAL MEDIA & ENTERTAINMENT

The Santa Clarita Valley hosts production companies of all sizesfor dozens of commercials, hit television shows and featurefilms, representing hundreds of shooting days each year. TheSCV is also supported by one of the premier academicinstitutions for the arts, the California Institute of the Arts(CalArts).

INFORMATION TECHNOLOGY

The Santa Clarita Valley is home to a variety of informationtechnology firms engaged in software publishing,telecommunications, data processing and hosting, andcomputer design. The SCV has a unique quality lifestyle andamenities that encourages IT top talent to locate here.

San Fernando Valley 05 minute drive

Burbank Airport 20 minute drive

Hollywood 25 minute drive

Downtown Los Angeles 30 minute drive

West Los Angeles 35 minute drive

Port of Los Angeles 50 minute drive

Port of Long Beach 55 minute drive

Doing Business In Santa Clarita (2 of 3)

MARKET OVERVIEW CANYON CENTER | SANTA CLARITA

Doing Business In Santa Clarita (3 of 3)

MARKET OVERVIEW CANYON CENTER | SANTA CLARITA

Subject Property

S

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MARKET OVERVIEW PROPERTY DEMOGRAPHICS

Radius 3 Mile 5 Mile 10 Mile

Population:

2023 Projection 87,039 127,987 430,441

2018 Estimate 84,685 124,585 421,988

2010 Census 77,161 113,842 401,304

Growth 2018-2023 2.78% 2.73% 2.00%

Growth 2010-2018 9.75% 9.44% 5.15%

Households:

2023 Projection 28,129 40,897 127,354

2018 Estimate 27,399 39,839 124,822

2010 Census 25,143 36,582 118,771

Growth 2018 - 2023 2.66% 2.66% 2.03%

Growth 2010 - 2018 8.97% 8.90% 5.09%

Owner Occupied 18,481 28,923 87,355

Renter Occupied 8,918 10,916 37,467

2018 Avg Household Income $99,298 $106,907 $107,753

2018 Med Household Income $82,440 $88,596 $87,135

2018 Households by Household Inc:

<$25,000 3,175 4,092 14,492

$25,000 - $50,000 4,518 5,884 19,298

$50,000 - $75,000 4,670 6,443 19,425

$75,000 - $100,000 4,489 6,438 18,945

$100,000 - $125,000 3,358 5,015 15,170

$125,000 - $150,000 2,438 3,914 11,215

$150,000 - $200,000 2,704 4,362 13,062

$200,000+ 2,046 3,693 13,215

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PROPERTY PHOTOS CANYON CENTER | SANTA CLARITA

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PROPERTY PHOTOS CANYON CENTER | SANTA CLARITA

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PROPERTY PHOTOS CANYON CENTER | SANTA CLARITA

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SATELITE AREIAL

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SATELITE AREIAL

Subject Property

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PROPERTY PLAT MAP18 CANYON CENTER | SANTA CLARITA

Subject Property

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CITY MAP | PACIFIC PLAZA

EXCLUSVELY PRESENTED BY:

David Meir

Anvers Capital Partners | Managing Partner

CA License #00877523

23975 Park Sorrento #110

Calabasas CA 91302

818.657.6516

davidmeir@anverscp.com

Jack Minassian

Anvers Capital Partners | Managing Partner

CA License #01279434

23975 Park Sorrento #110

Calabasas CA 91302

818.657.6530

jminassian@anverscp.com

www.AnversCP.com | www.AnversNet.com