CANYON RIDGEBUSINESS PARKSEC Russell Rd. & Durango Dr., Las Vegas, NV 89113

FOR SALE - GREY SHELL OFFICE BUILDINGSRANGING FROM 5,000, 7,500 AND 10,000 SF

YOU CAN LOWER YOUR OCCUPANCY COSTS UP TO 30%.FIND OUT HOW.

CANYON RIDGE BUSINESS PARK

HOW YOU CAN SAVE UP TO 30% ON YOUR OCCUPANCY COSTS BY OWNING VERSUS LEASING

In today’s market, a monthly mortgage payment is usually less expensive than a monthly lease payment.

Lower Occupancy Cost

A renter is subject to annual rent escalations, while an owner can fi x their monthly payment for years via a mortgage.

Fixed Occupancy Cost

Owning an offi ce building makes a positive statement to clients, while providing valuable branding via visible signage to thousands of people.

Prestige

In most cases, the largest asset a small or medium size company will have is their offi ce building.

Asset Accumulation

Owners experience the benefi t of mortgage interest tax deductions and depreciation write-offs.

Signifi cant Tax Advantages

Review the lease versus sale analysis on the following page

CANYON RIDGE BUSINESS PARKOWN VERSUS LEASECOMPARISON - $245 PSF

90% Financing Example

Financing Package

Bank 1st Mortgage - 50%

Loan Size - $775,000

Term - 25 Years

Rate - 5.25%

Monthly Payment - $4,644.17

SBA 504 2nd Mortgage - 40%

Loan Size - $636,000

Term - 25 Years

Rate - 5.48%

Monthly Payment - $3,898.00

Total Financing

Loan Size - $1,411,000

Rate - 5.35%

Monthly Payment - $8,542.17Bank interest rate and terms are estimated. Actual rate negotiated with lender.

SBA loan includes SBA fees of $12,000 (2.15% plus #2,500 in closing costs.

OWN LEASE

Property Square Footage 5,000 sf

Own Building Shell Price ($245 psf) $1,225,000 Monthly Lease Rate* $9,250Interior Improvements ($65 psf-estimate) $325,000Total Project Cost $1,550,000Total Price per Sq. Ft. $310.00 PSF Lease Rate per Sq. Ft.* $1.85 PSF

*Lease rate increases 3.00% each year

Cash Down Payment 10% $155,000 Prepaid Lease 1 Months Rent $9,250Estimated Bank Fees 0.50% $3,875 Security Deposit 1 Months Rent $9,250Estimated Appraisal & Environmental $5,000Total Cash Required $163,875 Total Cash Required $18,500

Mortgage Payment (monthly) $1.71 $8,542 Lease Payment $1.85 $9,250

Total Monthly Payment $1.71 PSF $8,542 Total Monthly Payment $1.85 PSF $9,250

Total Monthly Payment $1.71 $8,542 Total Monthly Payment $1.85 $9,250Less Depreciation ($0.53) -$2,650 Less Depreciation $0.00 $0

Monthly Mortgage Payment in 10 years $8,542 Monthly Lease Payment in 10 years* $12,069Cash Savings After 10 Years $170,031 Cash Savings After 10 Years $0Equity After 10 Years $804,622 Equity in 10 Years $0

SBA 504 2nd Mortgage 40%

Start-Up Costs

$5,892.60

Monthly CostsMonthly Costs

Total Adjusted Monthly Costs

$9,250.00

Total Adjusted Monthly Costs

Start-Up Costs

Assumptions: Depreciation est. at 80% allocation of purchase price. Future mortgage rate assumes fixed-rate 1st mortgage. Cash savings est. based on fixed mortgage payments vs. appreciated lease payments less additional start up costs to purchase. Equity assumes 2% annual building appreciation.

*Assumes lease rate increases 3.00% each year

Lease

Forecasted Ownership Benefits Forecasted Cost of Continuing to Lease

$1.18 PSF $1.85 PSF

CANYON RIDGE BUSINESS PARKPROPERTY HIGHLIGHTS

Situated in the heart of the fastest growing area in the Las Vegas Valley

Buildings can be purchased in the following square foot ranges: 5,000 sf, 7,500 sf and 10,000 sf

Prime location in the southwest near 3 major hospitals

+/-5 : 1,000 sf parking ratio

Grey shell buildings ranging from 5,000 to 10,000 sf

High income and large population in surrounding area

High visibility location with all buildings fronting Durango

+/- 40,000 cars per day pass the Canyon Ridge site

Covered parking available

Convenient access to the I-215 Freeway

Numerous restaurants and business amenities nearby

All buildings are single story fee simple

LOCATIONSEC RUSSELL RD. AND

DURANGO DR.

TOTAL NUMBER OF BUILDINGS

7

SQUARE FOOTAGE RANGE OF BUILDINGS

+/- 5,000 to 10,000 SF

PARKING+/- 5/1,000 SF

CANYON RIDGE BUSINESS PARK

NOTNOTA A

PARTPART

Bldg. 1B5,000 SF

Bldg. 1A5,000 SF Bldg. 3

7,500 SFBldg. 2

7,500 SFBldg. 4

10,000 SFBldg. 5

10,000 SF

Bldg. 6A5,000 SF

Bldg. 6B5,000 SF

Bldg. 710,000 SF

+/-260'

+/-894'

+/-894'

R-30'

+/-289'

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CANYON RIDGEBUSINESS PARK

LOCATED WITHIN ONE MILE OF THREE MAJOR HOSPITALS AND TWO SKILLED NURSING FACILITIES. EASY ACCESS TO I-215 & I-15 VIA RUSSELL ROAD. WITHIN MINUTES TO THE LAS VEGAS STRIP AND MCCARRAN INTERNATIONAL AIRPORT.

C RB P

FOR MORE INFORMATIONPLEASE CONTACT:

David Scherer

3930 Howard Hughes Pkwy., Suite 180Las vegas, NV 89169

Jake Peevyhouse Ken Marrama

Michael Hsu

702.733.7500

A PROJECTDEVELOPED BY:

Investment Equity Developers have developed over +/- 3,800,000 square feet of commercial projects includ-ing; mixed use, retail centers, offi ce buildings, industrial parks, apartment complexes, residential subdivisions and over 600,000 sf of grey shell offi ce/condos in the Las Vegas and Phoenix markets.