Mark DessyPremier Property SolutionsCA BRE #: 0106806875 Malga Cove Plaza, STE #!Palos Verdes Estates, CA 90274(310) 936-1050md.premierpropertysolutions@yahoo.com

Jeff DavisCA BRE # 00849001

Davis Commercial Real Estate Services401 Clovis Ave, STE 209

Clovis, CA 93612(539) 324-1818

jeffdavis@pacbell.net

C l o v i s , CA

D i s c l a i m e r s & D i s c l o s u r e s

W e b e l i e v e t h e i n f o r m a t i o n h e r e i n t o b e c o r r e c t . I t h a s b e e n o b t a i n e d

f r o m s o u r c e s w e d e e m r e l i a b l e b u t h a s n o t b e e n v e r i f i e d . B r o k e r a s s u m e s

n o l i a b i l i t y f o r a n y e r r o r s o r o m i s s i o n s . B r o k e r i s n o t a n e x p e r t a n d i s n o t

q u a l i f i e d t o a d v i s e o n l e g a l , t a x , i n s u r a n c e , A D A , c o n s t r u c t i o n , s o i l s ,

e n g i n e e r i n g , h a z a r d o u s w a s t e , c o d e v i o l a t i o n s , t i t l e , f i r e , s a f e t y o r o t h e r

m a t t e r s p e r t a i n i n g t o t h e p r o p e r t y t h a t w o u l d r e q u i r e s p e c i f i c s k i l l s ,

l i c e n s e s o r e x p e r t i s e . P r o s p e c t i v e b u y e r s a r e a d v i s e d t o c o n d u c t t h e i r

o w n i n v e s t i g a t i o n o f t h e p r o p e r t y a n d o b t a i n t h e s e r v i c e s o f t h e i r o w n

e x p e r t s i n t h o s e f i e l d s t o a s s i s t i n t h e i n v e s t i g a t i o n .

D i s c l o s u r e o f O w n e r A g e n t : A g e n t h o l d s a n i n t e r e s t i n t h e s u b j e c t

p r o p e r t y a n d i s a u t h o r i z e d t o l i s t a n d s e l l s a i d p r o p e r t y . T h i s s t a t e m e n t

i s a d i s c l o s u r e o f t h e c o n d i t i o n o f t h e f o r e g o i n g p r o p e r t y i n c o m p l i a n c e

w i t h t h e C a l i f o r n i a D e p a r t m e n t o f R e a l E s t a t e . I t i s o t h e r w i s e n o t a

w a r r a n t y o f a n y k i n d b y t h e s e l l e r ( s ) o r a n y a g e n t ( s ) r e p r e s e n t i n g a n y

p r i n c i p a l ( s ) i n t h i s t r a n s a c t i o n , a n d i t i s n o t a s u b s t i t u t e f o r a n y

i n s p e c t i o n s o r w a r r a n t i e s t h e p r i n c i p a l ( s ) m a y w i s h t o o b t a i n .

±24,372 Sq Ft. Multi Tenant Industrial Flex Property

C l o v i s , CA

100% Occupied

Below Replacement Cost at $92/Ft

P r o p e r t y S u m m a r y

Davis Commercial Real Estate Services and Premier Property Solutions have been exclusively

retained to sell the 100% fee simple interest in 1030 Gettysburg Ave, the ±24,372 sq ft multi-

tenant industrial flex building located in Clovis, CA (Fresno County). The single story building

was built in 1987 and features reinforced concrete construction with up to 16 feet of interior

ceiling height.

The Property is located 3 miles east of The Sierra Freeway (CA 168) as well as California State

University Fresno. Just 2 miles southwest of the property lies Fresno Yosemite International

Airport Daytime population remains strong, with a 3 and 5-mile radius surrounding the

property exceed 117,000 and 291,000 respectively. Off-street parking, individual office suite

entrances, and rear overhead doors provide the necessary amenities for small businesses,

R&D, community organizations, and more.

At below replacement cost and the ability to renew and convert tenant leases to net formats,

1030 Gettysburg Ave is a unique value add opportunity to acquire a flex asset in a robust,

high barrier to entry Northern California light industrial submarket.

C l o v i s , CA

Ranked among some of the best places to live in Northern California.

Less than 3 miles to CSUF, CA-168, and Fresno Yosemite Int. Airport

Clovis Unified School District Ranked Among Best in State by US News

Robust Daytime Demos in a 3 and 5-mile radius surrounding the property exceed 117,000 and 291,000

respectively

Value-Add Opportunity via lease up and conversion of leases from gross to net format

Short Term Leases to provide additional short-term opportunity to renew tenants closer to market rents

Priced at $92/ft — well below replacement cost

Favorable layout allowing for demising and conjoining spaces as needed by tenants

C l o v i s , CA

H i g h l i g h t s

C l o v i s , CA

F l o o r P l a n

1 mile 3 miles 5 milesPopulation Summary2010 Total Population 15,365 100,654 275,8062018 Total Population 15,679 113,539 301,9032023 Total Population 16,088 120,711 317,017

2018-2023 Annual Rate 0.52% 1.23% 0.98%2018 Total Daytime Population 16,859 117,795 291,136

Workers 7,794 54,661 116,396Residents 9,065 63,134 174,740

Household Summary2010 Households 5,232 34,983 91,082

2010 Average Household Size 2.93 2.84 2.992018 Households 5,315 38,753 98,610

2018 Average Household Size 2.95 2.89 3.022023 Households 5,439 40,921 103,159

2023 Average Household Size 2.95 2.91 3.042018-2023 Annual Rate 0.46% 1.09% 0.91%

Median Household Income

2018 $52,499 $57,935 $54,4692023 $57,507 $66,571 $62,528Households by Income

2018 Average Household Income $66,312 $76,792 $77,1292018 Employed Population 16+ by OccupationWhite Collar 53.8% 62.7% 58.1%Blue Collar 23.0% 18.2% 21.0%

2018 Consumer SpendingApparel & Services: Total $ $9,274,648 $79,451,246 $204,547,953Education: Total $ $5,917,846 $51,955,833 $134,149,424Entertainment/Recreation: Total $ $13,588,835 $113,748,069 $289,128,269Food at Home: Total $ $21,496,299 $179,444,417 $460,129,000Food Away from Home: Total $ $15,088,136 $128,185,204 $327,784,147Health Care: Total $ $24,255,741 $197,322,670 $497,858,769HH Furnishings & Equipment: Total $ $8,926,395 $74,942,780 $190,863,780Personal Care Products & Services: Total $ $3,549,231 $29,950,003 $76,163,990Shelter: Total $ $71,464,536 $607,695,868 $1,571,971,946Support Payments/Cash Contributions/Gifts in Kind: Total $ $10,280,749 $85,704,469 $217,320,749

Travel: Total $ $8,963,088 $76,403,015 $195,177,819Vehicle Maintenance & Repairs: Total $ $4,623,929 $38,366,169 $97,754,905

C l o v i s , CA

D e m o g r a p h i c s

C l o v i s , CA

L o c a t i o n

C l o v i s , CA

F i n a n c i a l s

Suite Tenant Lease Start

Lease Expiration

RSF RSF (%) Start Date

End Date

Rent PSF

Monthly Rent

Annual Rent

Change in Rent (%)

Est. Reimb.

Lease Type

100-A,B,G,H,I Foundation Baptist Church

1/1/18 12/31/23 8,000 32.82% 1/1/19 12/31/19 $10.13 $6,750 $81,000 --- $25,050 Gross

1/1/20 12/31/20 $10.40 $6,930 $83,160 2.67%

1/1/21 12/31/21 $10.80 $7,200 $86,400 3.90%

1/1/22 12/31/22 $11.07 $7,380 $88,560 2.50%

1/1/23 12/31/23 $11.34 $7,560 $90,720 2.44%

101, 102Clovis Fellowship MTM 6/30/17 3,448 14.15% 11/1/18 6/30/17 $8.87 $2,549 $30,585 --- Gross

103 Houle Fitness 6/1/15 1,876 7.70% 10/1/18 9/30/19 $7.36 $1,150 $13,800 --- Gross

10/1/19 9/30/20 $4.09 $1,175 $14,100 2.17%

104 Amp Trucking 4/1/11 7/31/19 1,692 6.94% 4/1/11 7/31/19 $5.32 $750 $9,000 --- $338 Net

105 Foundry 11/1/08 3/31/20 1,720 7.06% 11/1/18 3/31/20 $8.40 $1,204 $14,448 --- Gross

106 Eddie Arakelian 11/1/13 2/28/19 1,839 7.55% 11/1/13 2/28/19 $6.12 $938 $11,255 --- Gross

C l o v i s , CA

R e n t R o l l

Suite Tenant Lease Start

Lease Expiration RSF RSF (%) Start

DateEnd Date

Rent PSF

Monthly Rent

Annual Rent

Change In Rent (%)

Est. Reimb.

Lease Type

107, 108Central Valley Energy 11/1/13 2/28/29 3,786 15.53% 11/1/13 2/28/19 $7.78 $2,454 $29,448 --- Net

100-D,F,L,E,J KG Communications 6/1/17 M-T-M 1,743 7.15% 6/1/17 M-T-M $12.32 $1,790 $21,481 --- Gross

100-K Nita Yale 6/1/17 M-T-M 168 0.69% 6/1/17 M-T-M $10.71 $150 $1,800 --- Gross

100-N Jubilee Counseling 6/1/17 M-T-M 100 0.41% 6/1/17 M-T-M $30.00 $250 $3,000 --- Gross

Vacant 0 0.00%

Occupied 24,372 100.00%

Base Rent $215,817

Forward Twelve: June 2019-May 2020 $1,100

Totals 24,372 100.00% $8.90 $18,076 $216,917 $25,388

C l o v i s , CA

R e n t R o l l

Expenses PSF/Month PSF/Annum Per Annum

Management Fee 4.00% $0.03 $0.40 $9,628

Real Estate Taxes $0.06 $0.67 $16,250

CAM -R&M $0.04 $0.49 $12,000

Insurance $0.01 $0.15 $3,600

Cleaning $0.01 $0.15 $3,600

Security Service $0.00 $0.05 $1,200

Landscaping $0.02 $0.20 $4,800

Garbage & Recycling $0.00 $0.03 $819

Electricity $0.10 $1.23 $30,000

Water $0.02 $0.27 $6,600

Total OpEx $0.30 $3.63 $88,497

NOI $0.52 $6.25 $152,212

C l o v i s , CA

E x p e n s e S u m m a r y

Price $2,255,000 Loan Type Proposed New

RSF ±24,372 Principal $1,465,750

CAP 6.75% LTV 65%

Year Built 1987 Interest Rate 4.85%

Price PSF $92.52Amortization 25

Equity $789,250

Income

Base Rent $216,917 Debt Service $101,292

Total Reimbursements $36,461 Cashflow after Debt Service $50,919

Gross Income $253,378 Cash on Cash Return 6.45%

Vacancy Factor 5.00% ($12,669) DSCR 1.50x

Effective Gross Income $240,709

Operating Expenses $88,497

Net Operating Income $152,212

C l o v i s , CA

F i n a n c i a l S u m m a r y

Mark DessyPremier Property SolutionsCA BRE #: 0106806875 Malga Cove Plaza, STE #!Palos Verdes Estates, CA 90274(310) 936-1050md.premierpropertysolutions@yahoo.com

Jeff DavisCA BRE # 00849001

Davis Commercial Real Estate Services401 Clovis Ave, STE 209

Clovis, CA 93612(539) 324-1818

jeffdavis@pacbell.net