FARQ

UHAR AV

E

LOS ALAMITOS BLVD

ART SQUARE

OFFICE & APARTMENTS MIXED USE

INVESTMENT PROPERTY

3135 & 3535 Farquhar AveLos Alamitos, California 90720

DISCLAIMER

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or o�ers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All o�ers, countero�ers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

Copyright Notice

© 2019 CBRE, Inc. All Rights Reserved.

AFFILIATED BUSINESS DISCLOSURE CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “A�liate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times di�erent A�liates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, A�liates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any A�liate has an obligation to disclose to you such A�liates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its A�liates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its A�liates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

CONFIDENTIALITY AGREEMENTYour receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

02PROPERTY /

ZONING SUMMARY

03PROPERTY PHOTOS

04AREA AMENITIES

05AREA OVERVIEW

01EXECUTIVE SUMMARY

TABLE OF CONTENTS

TODD LAPLANTESenior Associate

Lic. 0104322+1 949 809 3768

todd.laplante@cbre.com

FARQUHAR AVE

LOS ALAM

ITOS BLVD

OFFERING PRICE$2,715,480

BLDG. SF7,543

LAND SF13,504

OCCUPANCY84%

ART SQUARE - LOS ALAMITOSO�ce & Apartments

3135 & 3535 Farquhar AveLos Alamitos, CA 90720

3531 & 3535 Farquhar Ave+/- 13,504 sf lotAPN 222-093-14

3535 Farquhar Ave12 unit Multi-tenant o�ce

building+/- 4,186 sfBuilt 1965

Over covered parking

3531 Farquhar Ave8 unit multi-family2 – 4 unit buildings

+/- 3,357 sfBuilt 1965

10 parking spaces

Los Alamitos + Katella Commercial Corridors Plan

APN Address Bldg SF Land SF Land AC Yr. Built Zoning

222-093-14 3535 Farquhar Ave 4,186 13,504 0.31 1965 C-G

3551 Farquhar Ave 3,357 - - - C-G

PROPERTY PHOTOS

TRADE AREA DEMO SUMMARY

POPULATION 11,929

HOUSEHOLDS 4,320

AVGERAGE HOUSEHOLD INCOME $112.129

INVESTMENT HIGHLIGHTS

UNIQUE MIXED-USE OFFICE & APARTMENT

INVESTMENT

OWNER-USER OFFICE OPPORTUNITY

ADJACENT TO ROSSMOOR CLOSE PROXIMITY TO LOS ALAMITOS MEDICAL CENTER, LOS ALAMITOS

RACE COURSE AND THE JOINT FORCES TRAINING BASE – LOS

ALAMITOS

FINANCIAL ANALYSISRent Roll

# TENANT NAME RENTABLE SF LEASE $/SF MONTHY RENT LEASE COMM LEASE EXP CURRENT TERM VACANCY

3535 Farquhar | O�ce $5,636.00 $2,125.001 VACANT 406 $1.42 $575.00 03/15/18 03/14/19 $575.00

2 OCCUPIED 456 $1.21 $550.00 11/01/17 04/30/18 MTM

3-4 VACANT 350 $1.43 $500.00 12/01/17 11/30/18 $500.00

5 VACANT 255 $1.57 $400.00 02/01/12 01/31/13 $400.00

6 OCCUPIED 159 $2.52 $400.00 02/01/18 01/31/19 MTM

7 & 10 OCCUPIED 305 $1.89 $575.00 12/01/17 11/30/18 MTM

8 VACANT 224 $1.34 $300.00 07/01/17 06/30/18 $300.00

9 VACANT 207 $1.69 $350.00 12/01/17 11/30/18 $350.00

11 OCCUPIED 561 $1.13 $636.00 02/01/15 01/31/16 MTM

12 OCCUPIED 569 $1.32 $750.00 11/15/17 11/14/18 MTM

14 OCCUPIED 159 $1.89 $300.00 08/01/07 07/31/08 MTM

16 OCCUPIED 255 $1.18 $300.00 10/15/17 10/14/18 MTM

3531 Farquhar | Apartments $7,685.00 $0.00

1 OCCUPIED 458 $2.11 $965.00 03/15/17 03/31/18 MTM

2 OCCUPIED 458 $2.04 $935.00 03/01/11 02/28/12 MTM

3 OCCUPIED 458 $2.07 $950.00 04/21/17 MTM

4 OCCUPIED 458 $2.25 $1,030.00 02/01/18 01/31/19 MTM

5 OCCUPIED 458 $2.07 $950.00 03/01/16 02/02/17 MTM

6 OCCUPIED 458 $2.10 $960.00 04/01/17 12/31/17 MTM

7 OCCUPIED 458 $2.10 $960.00 01/25/10 01/31/11 MTM

8 OCCUPIED 458 $2.04 $935.00 08/01/15 08/31/16 MTM

TOTALS $13,321.00 $2,125.00

ANNUALIZED $159,852.00 $25,500.00

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

FINANCIAL ANALYSISOperating Statement

APOD MONTHLY ANNUAL $/SF/MO %

Gross Scheduled Rent $13,321 $159,852 $1.77 100.0%

- Vacancy $2,125 $25,500 $0.28 16.0%

+ Other Income $0 $0 $0.00 0.0%

E�ective Gross Income $11,196 $134,352 $1.48 84.0%

-Operating Expenses $5,533 $66,397 $0.73 41.5%

NET OPERATING INCOME $5,663 $67,955 $0.75 43%

3135 & 3535 FARQUHAR AVE MONTHLY ANNUAL $/SF/MO %

Property Taxes (New) $2,715 $32,586 $0.36 49.1%

City Permit $57 $686 $0.01 1.0%

Cleaning $126 $1,515 $0.02 2.3%

Gardening $68 $816 $0.01 1.2%

Insurance $115 $1,375 $0.02 2.1%

Management Fees $480 $5,760 $0.06 8.7%

Pest Control $8 $90 $0.00 0.1%

Legal Fees $5 $60 $0.00 0.1%

Repairs $853 $10,234 $0.11 15.4%

Security System $87 $1,045 $0.01 1.6%

Trash $117 $1,404 $0.02 2.1%

Utilities $902 $10,826 $0.12 16.3%

TOTAL OPERATING EXPENSES $ 5,533 $ 66,397 $0.73 100.0%

Operating Expenses

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

AREA OVERVIEWLOS ALAMITOS, CA

2018 POPULATION

11,929

2018 EMPLOYEES

12,217

2018 HOUSEHOLDS

4,321

2018 AVERAGE HOUSEHOLD INCOME

$112,129

2017 AVERAGE HOUSING VALUE

$815,475

$

SUBMARKET DEMOS

Incorporated in 1960, Los Alamitos is a city in Orange County, California. The City of Los Alamitos encompasses approximately 4.3 square miles in the

northwestern portion of Orange County, about 20 miles south of downtown Los Angeles The City combines a small-town ambience with excellent schools,

e�ective police service, and a high quality of life to ensure that the community is a nice place to live, visit, and conduct business.

TOP EMPLOYERS

# EMPLOYER# OF

EMPLOYEES # EMPLOYER# OF

EMPLOYEES

1 Los Alamitos Medical Center 1,100 6 Bloomfield Bakers 150

2 Arrowhead Products 515 7 Systems Services of America 150

3 Trend O�set Printing 478 8 Alamitos West Health Care Center 139

4 SuperMedia 350 9 Timken 124

5 Pharmacy Advantage 158 10 MDA Information Systems 106

DEMOGRAPHICS

2018 Population - Current Year Estimate 11,929

2023 Population - Five Year Projection 12,285

2010 Population - Census 11,409

2000 Population - Census 11,227

2010-2018 Annual Population Growth Rate 0.54%

2018-2023 Annual Population Growth Rate 0.59%

2018 Median Age 40.6

2018 Employees 12,217

2018 Households 4,321

Under $15,000 300

$15,000-$24,999 210

$25,000-$34,999 224

$35,000-$49,999 366

$50,000-$74,999 768

$75,000-$99,999 636

$100,000-$149,999 877

$150,000-$199,999 438

$200,000 and Over 502

2018 Average Household Income $112,129

2023 Average Household Income $130,500

POPULATION

2018 Households - Current Year Estimate 4,320

2023 Households - Five Year Projection 4,418

2010 Households - Census 4,200

2000 Households - Census 4,136

2010-2018 Annual Household Growth Rate 0.34%

2018-2023 Annual Household Growth Rate 0.45%

2018 Average Household Size 2.70

HOUSEHOLDS

INCOME

DEMOGRAPHICS

2018 Population 11,929

White 7,948

Black or African American 384

Asian 1,797

American Indian or Alaska Native 54

Pacific Islander 54

Other Race 862

Two or More Races 830

Hispanic 2,819

White Non-Hispanic 6,320

2018 Hispanic Population 2,819

Hispanic: White 1,628

Hispanic: Black or African American 27

Hispanic: Asian 32

Hispanic: American Indian or Alaska Native 28

Hispanic: Pacific Islander 3

Hispanic: Other Race 815

Hispanic: Two or More Races 286

RACE & ETHNICITY

2012-2016 Pop. 5+ by Language Spoken at Home 11,144

Only English 8,722

Spanish 1,069

Other Indo-European Language 291

Asian-Pacific Island Language 1,042

Other Language 20

LANGUAGE

HISPANIC ORIGINS

© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any a�liation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. PMStudio_March

TODD LAPLANTESenior Associate

Lic. 0104322+1 949 809 3768

todd.laplante@cbre.com