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OFFERING SUMMARY

Sale Price: $3,999,999

Number Of Units: 30

Cap Rate: 5.08%

NOI: $203,207

Lot Size: 0.15 Acres

Year Built: 1963

Building Size: 8,496

Renovated: 2018

Zoning: C-2

Submarket: Downtown

Redevelopment Zone

Price / SF: $470.81

The Ogden Executive is in the heart of the downtown Las Vegas redevelopment zone and just one block north of Fremont St. TheOgden Executive has been completely renovated in 2018 and offers modern finishes throughout. There are a total of 30 units whichare all luxuriously appointed studio floor plans.

Tenants at the Ogden Executive can choose between furnished and unfurnished units depending on what their needs are. Unit rentsat the Ogden Executive range from $695-$825 with all tenants paying their portion of power, water, sewer, trash and wifi. Withmajor renovations completed and tenants being responsible for their own utilities operating expenses are projected to be less than20% of gross income making the Ogden Executive.

Leasing has begun and the Ogden Executive will be delivered to new ownership at 100% occupancy. With major development of newluxury apartments 1 block south and the gentrification of the surrounding area the Ogden Executive offers a sold investmentopportunity with a prime location with downtown.

To obtain further details about this investment opportunity such as sales comps, rent comps and area demographic data pleasedownload the offering memorandum or sales brochure. To discuss making an offer to purchase this asset please contact PaulMacaluso directly.

PROPERTY OVERVIEW

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PROPERTY OVERVIEW VIDEO

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POPULATION 1 MILE 2 MILES 3 MILES

Total population 23,515 81,563 185,157

Median age 37.5 33.3 32.6

Median age (Male) 37.9 33.5 32.5

Median age (Female) 36.7 33.0 32.8

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 8,933 29,210 63,869

# of persons per HH 2.6 2.8 2.9

Average HH income $31,476 $37,143 $43,990

Average house value $137,790 $182,909 $201,572

* Demographic data derived from 2010 US Census

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