Lake Pointe Medical Offices2620 Tenderfoot Hill StreetColorado Springs, CO 80906

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This Confidential Offering Memorandum (“Memorandum”) is being delivered subject to the terms of the Confidentiality Agreement (the “Confidentiality Agreement”) signed by you and constitutes part of the Confidential Information (as defined in the Confidentiality Agreement). It is being given to you for the sole purpose of evaluating the possible investment in 2620 Tenderfoot Hill Street, Colorado Springs, CO (the “Project”), and is not to be used for any other purpose or made available to any other party without the prior written consent of KJT, LLC & BROS2G, LLC (Seller), or its exclusive broker, CORE Commercial Brokerage Company. This Memorandum was prepared by CORE Commercial Brokerage Company based primarily on information supplied by Seller. It contains select information about the Project and the real estate market but does not contain all the information necessary to evaluate the Project. The financial projections contained herein (or in any other Confidential Information) are for general reference only. They are based on assumptions relating to the overall economy and local competition, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. While the information contained in this Memorandum and any other Confidential Information is believed to be reliable, neither CORE Commercial Brokerage Company nor Seller guarantees its accuracy or completeness. Because of the foregoing and since the investment in the Project is being offered on an “As Is, Where Is” basis, a prospective investor or other party authorized by the prospective investor to use such material solely to facilitate the prospective purchaser’s investigation, must make its independent investigations, projections and conclusions regarding the investment in the Project without reliance on this Memorandum or any other Confidential Information. Although additional Confidential Information, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing period proceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts. Neither CORE Commercial Brokerage Company nor Seller guarantees the accuracy or completeness of the information contained in this Memorandum or any other Confidential Information provided by CORE Commercial Brokerage Company and Seller. Seller expressly reserves the right, at its sole discretion, to reject any offer to invest in the Project or to terminate any negotiations with any party at any time with or without written notice. Seller shall have no legal commitment or obligations to any prospective investor unless and until a written sale agreement has been fully executed, delivered and approved by Seller and any conditions to Seller’s obligations thereunder have been satisfied or waived. Seller has retained CORE Commercial Brokerage Company as its exclusive broker and will be responsible for any commission due to CORE Commercial Brokerage Company in connection with a transaction relating to the Project pursuant to a separate agreement. CORE Commercial Brokerage Company is not authorized to make any representation or agreement on behalf of Seller. Each prospective investor will be responsible for any claims for commissions by any other broker in connection with an investment in the Project if such claims arise from acts of such prospective investor or its broker. This Memorandum is the property of Seller and all parties approved by Seller and may be used only by parties approved by Seller No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as permitted

under the Confidentiality Agreement.

Offering Memorandum Disclaimer 2

Table of contentsEXECUTIVE SUMMARy - Page 4PROPERTY Description - Page 5Property Location - Page 6Property Aerial - Page 7

2005 ILC - Page 8TENANCY OVERVIEW - Pages 9-14

Additional Photos - Page 15FINANCIALS - Page 16

SALES COMPARABLES - Page 17COLORADO SPRINGS OVERVIEW - Pages 18-20

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EXECUTIVE SUMMARYCore Commercial Brokerage Company is proud to present the Lake Pointe Medical Office building. Lake Pointe Medical Office building is located in the southern end of Colorado Springs, directly between I-25 and Hwy 115. With 100% occupancy, this property has a spectrum of medical tenants ranging from family medicine, skin care, dental services, chiropractic services, and more.

Year Built2004

Building & Parcel Size15,425 SF | 0.97 AC

Nearby HighwaysI-25, Hwy 115, and Hwy 55

Occupancy100% (Plus small conference room in

basement)Property Overview:

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Property DescriptionLake Pointe Medical Office Building benefits from its high-end finishes, easy access from Hwy 115 and I-25, and strong retail and office nearby tenants density. Surrounding tenants include IHOP, Home Depot, DaVita, Red Robin, and many more. There is also a signficant amount of nearyby residential properties including downtown Colorado Springs (less than 2.5 miles away), the Broadmoor, and several

apartment complexes just a few hundred feet away from Lake Pointe.

Address2620 Tenderfoot Hill St., Colorado Springs, CO 80906

Legal DescriptionLot 2, Lake Point Center, Filing No. 2, City of Colorado

Springs, State of Colorado

Tax Schedule Number64322-09-003

ZoningPBC - Planned Business Center

UtilitiesThe property is serviced by natural gas, public water/

waste water, and elecrtric.

ServicesIndoor / Outdoor Security System tied into elevator, fire, cameras, and alarm. Police and Fire Protection provided

by the City of Colorado Springs.

Building Size15,425 SF w/ 13,379 RSF

Year Built2004

Parking60 on-site parking spaces and parking easement

agreements with adjacent properties.

FoundationReinforced concrete foundation; Basement is poured concrete. Floors one and two are wood frame deck with

plywood, covered with light weight concrete.

RoofPre-engineered wood trusses, decked with plywood and

covered with Decrastone coated shingles.

Structure / WallsThe building’s structure is wood frame with steel beams and columns. The exterior is finished with stucco accented

with rock and wood.

PlumbingMen and women restrooms on each floor located in the shared areas. There is highly specialized utility

infrastructure throughout the building for the dental and medical Tenants.

Windows / DoorsFront and rear entryway windows and doors are

anodized aluminum storefront with insulated glass. The other windows are composite wood with insulated glass.

The interior doors are good quality solid core wood doors in metal jambs.

HVACThe building has a total of twelve high-efficiency air

handling units

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Lake Pointe Medical Offices

Downtown Colorado Springs

25< 1 Mile

< 2.5Miles

Hwy 115< 0.5Miles

Hwy 55

Property Location6

Property Aerial7

2005 ILC8

Tenancy Overview9

CALL BROKER FOR RENT ROLL AND Tenant LEASE TERMS

Tenancy OverviewSprings Chiropractic

Springs Chiropractic offers a full range of pain management and acupuncture to aide in the healing of the head, neck spine or other injury. Some of the other services we offer include Laser Therapy, Acupuncture and Dry Needling, Core Exercise, Massage Therapy, Spinal Decompression, hyperbaric chamber therapy, and Blood Chemistry Based Nutrition. Springs Chiropractic is owned and operated by Dr. Randy Knoche and employs two chiropractors. Dr. Knoche opened Springs Chiropractic in 1986 and currently manages two locations, one at Lakepoint and one on the north end of Colorado Springs. Springs Chiropractic has been at Lake Pointe since 2005.

https://www.springschiropractic.com/

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Tenancy OverviewAdvanced Endodontics

Advanced Endodontics, LLC is owned and operated by Dr. Jack Mayhew, DMD, MS and has been a tenant in Lake Pointe since 2004. Advanced Endodontics is the primary Endodontic care provider in the south end of Colorado Springs, and focuses on root canals and imaging services. Dr. Mayhew was awarded top endodontist by Colorado Springs Style magazine for the sixth consecutive year in 2019.

https://www.endoadvanced.com/

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Tenancy OverviewVanguard Skin Specialists

Vanguard Skin Specialists was founded in 2009 with the belief that it’s possible to deliver uncompromised medical care in an environment that is warm and welcoming. Vanguard employs nine medical providers and offers services including general dermatology consulting, skin cancer, Mohs micrographic surgery, plastic surgery, and other aesthetic services. Vanguard is owned and operated by Vinh and Lisle Chung and has been in Lake Pointe since 2012. Vanguard has three additional locations around Colorado Springs.

https://www.vanguardskin.com/

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Tenancy OverviewBear Creek Family Medicine

With a focus on the old-fashioned practice model, Bear Creek Family Medicine has implemented an updated, friendly and warm office environment. Bear Creek Family Medicine is owned and operated by Katrina Grablin, PA and has been a tenant in Lake Pointe since 2018.

www.BearCreekFamilyMedicine.com

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Tenancy OverviewStar Dental Institute, Inc.

Star Dental Institute, Inc. is owned and operated by Dr. Gary Moore and has multiple dentists on staff. Star Dental performs an array of dental services including bridges, crowns, dentures, extractions, and more. Star Dental has multiple locations and has been in Lake Pointe since 2014 with a dental office and laboratory in the building. In addition to dentistry, Star Dental also teaches Continuing Education courses.

https://www.dentalcoloradosprings.com/

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Additional Building Photos

First Floor Meeting RoomFirst Floor Shared Bathrooms

Signage on Hwy 55 First Floor Common Area

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Financials16

CALL BROKER FOR 2019 Financials and NNN breakdown

Sales Price: $2,633,000.00Cap rate: 7%

Sales Comparables17

About Colorado Springs, CO

Founded as a resort town in 1871, Colorado Springs is Colorado’s second largest city with a population of 464,475. Offering over 300 days of annual sunshine and more than 55 man-made and natural attractions, Colorado Springs and the surrounding region is a popular destination for families,

outdoor enthusiasts and couples. The region is located in southern Colorado along the Front Range of the Colorado Rockies.

The Ute, Cheyenne, Arapaho and other tribes gathered at the base of Pikes Peak, near its abundant springs and in what is now called Garden of the Gods Park. With the Louisiana Purchase, more Anglo-American explorers and settlers began to venture west. In November 1806, American explorer Zebulon Pike traveled through the area and is credited for “discovering” Pikes Peak, though his group was neither dressed nor equipped to climb the

mountain.

Throughout Colorado Springs’ history, the stunning beauty was not the only thing that attracted people to the area. The sunny conditions and dry, mild climate made these communities popular for people suffering from poor health, especially tuberculosis.

In the 1890s, gold was discovered on the western slope of Pikes Peak, one of the richest gold strikes in American history. As a result, by the turn of the 19th century, Colorado Springs was called “the city of millionaires.” One of these millionaires was Spencer Penrose, who made his first fortune in Cripple Creek. He used his vast resources to build the Pikes Peak and Cheyenne Mountain Highways and to establish the Cheyenne Mountain Zoo,

Will Rogers Shrine and The Broadmoor Hotel.

In the 1940s, the U.S. Army opened Camp Carson, marking the beginning of what is now a strong military presence in this region. Colorado Springs is home to major military installations including Fort Carson, Peterson Air Force Base, the U.S. Space Command, NORAD (North American Aerospace

Defense Command), Schriever Air Force Base and the United States Air Force Academy.

Colorado Springs, the state’s second-largest city, has evolved into a sophisticated destination that has retained the charming ambiance of a small town. Colorado Springs’ Chamber of Commerce estimates its population to exceed Denver by 2050.

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Colorado Springs, CO - AttractionsPikes Peak

Pikes Peak in Colorado is an American icon. Modern travelers canexperience the mountain up close by driving up the scenic Pikes PeakHighway, a spectacular toll road that winds its way up the mountain. Othervisitors can experience a different side of the mountain of the Pikes Peak Cog Railway, the highest cog railway in the world. The more adventurous types can choose to hike the 13 mile Barr Trail or cycle up the highway to the summit. This 14,114’ mountain was the inspiration behind America the Beautiful.

Garden of the Gods

Garden of the Gods Park in Colorado is owned by the City of ColoradoSprings. Annually, visitors from all 50 states and more than 60 countriesdiscover the beauty and history of the 1,367-acre Garden of the Gods Park, which has been designated as a National Natural Landmark.

Olympic Training Center & Museum

The U.S. Olympic Complex in Colorado Springs is the flagship trainingcenter for the U.S. Olympic Committee and the Olympic Training Centerprograms. The CSOTC is able to provide housing, dining, training facilities, recreational facilities and other services for more than 500 athletes and coaches at one time on the complex. The Olympic Museum will be complete by summer of 2019, the rendering of the completed building is to the right.

Air Force Academy

The Air Force Academy is both a military organization and a university. It is filled with the 4,400 cadets and more than 300 Air Force and civilian support personnel and is responsible for cadet training and Airmanship education, supervising cadet life activities and providing support to facilities and logistics. The Academy welcomes all visitors to one of the country’s National Historic Landmarks.

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Colorado Springs, CO - AttractionsDowntown Colorado Springs

Downtown Colorado Springs, Colorado has a small-town feel with big-city amenities. The area offers variety of shopping, dining, museums, parks, festivals and events and is a designated Creative District in the state of Colorado.

The Broadmoor

The Broadmoor is a hotel and resort in the Old Broadmoor neighborhood of Colorado Springs, Colorado. The Broadmoor is a member of Historic Hotels of America of the National Trust for Historic Preservation. Its visitors have included heads of state, celebrities, and professional sports stars. Spencer Penrose bought the property in 1916 and began to build The Broadmoor in 1918 to be “Grand Dame of the Rockies”, patterned after elegant European hotels with excellent service and cuisine. Architects Warren and Wetmore, who designed Ritz-Carlton and Biltmore Hotels, were hired to design the hotel buildings.

Manitou Springs

Manitou Springs was founded for its natural mineral springs. The downtown area continues to be of interest to travelers, particularly in the summer, as the downtown area consists of many one-story, adjoining, small shops, restaurants, and pubs, as well as a creekside city park with a children’s playground made from unusual materials. Among other services, shops cater to tourist interests such as clothing, candy, souvenirs, and outdoor recreation. The main road through the center of town was one of the direct paths to the base of Pikes Peak. Barr Trail, which winds its way up Pikes Peak, is accessible from town.

Red Rock Canyon Open Space

Red Rock Canyon Open Space is a 1,474-acre city park in Colorado Springs, CO. It is situated on the west side of the city, adjacent to Manitou Springs and south of U.S. Route 24. The park consists of a series of parallel ridges and eroded canyons, a continuation of the same sandstone rocks of the Fountain Formation that make up Garden of the Gods a few miles to the north.

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