BY THE AIRPORT

FOR SALE

The Office BY THE AIRPORT

?11,600 SF UNITS RANGING FROM ?2,500 SF TO ?6,000 SF

GREY SHELL, FEE SIMPLE CONDO OFFICE BUILDINGS AIRPORT CORRIDOR

320 E. Warm Springs Road, Las Vegas, Nevada 89119

$185.00 PSF

PHASE I

FOR SALE ? $185.00 PSF

The Office BY THE AIRPORT

SECURED COMMON RESTROOMS

NEW ROOF DRYWALLED SUITES POURED CONCRETE

SINGLE STORY, FEE SIMPLE BUILDINGS

VIDEO SURVEILLANCE REMOTE GUARD SERVICE ILLUMINATED BUILDING SIGNAGE FOR BUYER

?2019 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. Note: One or more Colliers International agents is an owner/licensee.

| 2 COLLIERS INTERNATIONAL ? OWNER-USER OFFICE CONDOS

PHASE I AVAIL ABLE NOW ? 320 E. Warm Springs Road, Las Vegas, Nevada 89119

The Office BY THE AIRPORT

$185 PSF

INTRODUCTORY PHASE I PRICING

THE OFFICE BY THE AIRPORT IS SITUATED IN THE HEART OF THE HIGHLY DESIRABLE AIRPORT SUBMARKET WITH DIRECT ACCESS TO THE MCCARRAN AIRPORT CONNECTOR VIA BERMUDA SPRINGS ROAD.

This newly remodeled project is just a few minutes' drive time to the main terminals at McCarran International Airport, the World Famous Las Vegas Strip Resort Corridor, Interstate 15 & 215, five area hospitals, the retail shops at The Las Vegas South Premium Outlets, Town Square and an abundance of restaurants and dining options for your clients and staff to consider.

The Office by the Airport is comprised of two (2) grey shell buildings totaling ?11,600 SF. Phase I consists of two (2) buildings: ?5,535 SF and ?6,065 SF with sizing flexibility. The buildings will be delivered grey shell and ready for each owner's unique build out requirements. The buildings have direct frontage on East Warm Springs Road, with a traffic count of over 28,000+ cars per day. The Office by the Airport offers exceptional visibility and a convenient centralized valley location. The total parking ratio is planned for 4.13/1000 SF, with dedicated covered parking spaces available for an additional cost for each building. Well-appointed common area restrooms save owners space and significant cost of installing restrooms in-suite.

?2019 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. Note: One or more Colliers International agents is an owner/licensee.

| 3 COLLIERS INTERNATIONAL ? OWNER-USER OFFICE CONDOS

NOTEABLE CONDITIONS OF PROPERT Y AT PURCHASE:

? Condos delivered with poured concrete floor and drywall ? Dedicated power panels in place ? Existing HVAC package units in place ? Capped plumbing fixtures in each suite for breakroom ? Nicely appointed, secured access common area restrooms ? Newly recoated roof (March 2018) with 10 year warranty

V I D EO S U RV E I L L A N CE R E M OT E G U A R D S E RV I CE ? For the added protection of all Owners and their visitors*, The Office by the Airport features a state of the art Video

Surveillance Remote Guard Service, which is included in the association dues. This system features multiple 360-degree high definition video cameras installed on the building exterior monitoring the entire property. The cameras will record footage 24/7 and will be monitored by live remote guards between 10:00PM-6:00AM, 365 days/year. The cameras will also feature a two-way talkdown device allowing remote guards to verbally address individuals creating any security concerns or loitering on the property after hours. Although generally unnecessary, the remote guards can also alert and dispatch local law enforcement to the property if needed.

The Office BY THE AIRPORT

*Disclaimer: The Office by Airport Owners' Association and its agents are not responsible for the security or protection of persons at the property, as further detailed in the Amended & Restated CC&Rs dated April 24, 2018. ?2019 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. Note: One or more Colliers International agents is an owner/licensee.

| 4 COLLIERS INTERNATIONAL ? OWNER-USER OFFICE CONDOS

The Office BY THE AIRPORT

The Las Vegas Strip

TOWN SQUARE

McCarran International Airport

?184,000 CARS PER DAY

E. WARM SPRINGS ROAD

PROPERTY HIGHLIGHTS

?28,000 CARS PER DAY

PHASE I

PHASE II

PHASE III

PHASE I AVAIL ABLE NOW

? Grey shell condo office units ranging from ?2,500 to ?6,000 SF

? Newly Renovated "Retro" designed buildings

? Control your occupancy cost by having a stable monthly payment

? Property maintained by an Owner's Association (est. monthly dues at $0.20 PSF)

? Prime location in the Airport Submarket

? Single story, fee simple buildings

? Condos delivered with poured concrete floor and drywall

? Capped plumbing fixtures in each suite for breakroom ? Newly recoated roof (March 2018) with 10 year warranty ? Total parking ratio: 4.13/1,000; Covered parking ratio: 1.38/1,000 ? Covered reserved parking available at an additional cost ? High visibility location, with all buildings fronting E. Warm Springs Road ? Daily cars per day in excess of 28,000 and climbing ? Convenient access to I-15 and the 215 Beltway

(2 interchanges close by) ? Retail amenities nearby include The Las Vegas South Premium Outlet Mall and Town Square ? An abundance of restaurants & services in the immediate area

?2019 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. Note: One or more Colliers International agents is an owner/licensee.

| 5 COLLIERS INTERNATIONAL ? OWNER-USER OFFICE CONDOS

The Office BY THE AIRPORT PHASE I AVAIL ABLE NOW ? 320 E. Warm Springs Road, Las Vegas, Nevada 89119 COCOVVEREREDEDPPAARRKKININGG

COVCEORVEEDREPDARPKARINKGING

SUITE 2 ?2,990 SF COMMON AREA RESTROOMS

SUITE 1 ?2,545 SF

SUITE 4 ?2,434 SF SUITE 3 ?3,631 SF

PHASE I

BUILDING 320

BUILDING CONNECTOR

PHASE II

BUILDING 330

PHASE III

BUILDING 340

E. WARM SPRINGS RD.

TSHIEZIONFFGICEFLBEY XTHIBE IALIIRTPYORTTO COMBINE SUITES site plan ?2019 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed.

The user is required to conduct their own due diligence and verification. Note: One or more Colliers International agents is an owner/licensee.

| 6 COLLIERS INTERNATIONAL ? OWNER-USER OFFICE CONDOS

The Office BY THE AIRPORT PHASE I AVAIL ABLE NOW ? 320 E. Warm Springs Road, Las Vegas, Nevada 89119

215

TOWN SQUARE

BALI HAI GOLF

COURSE

15

SUNSET ROAD

HUGHES

?184,000 CARS PER DAY

AIRPORT CENTER

LAS VEGAS PREMIUM OUTLET

SOUTH

15

MCCARR AN AIRPORT

CAR RENTAL FACILITY

SITE

?28,000 CARS PER DAY

?137,000 CARS PER DAY

WINDMILL LANE

WARM SPRINGS MARKETPLACE

SUNSET PARK

WARM SPRINGS ROAD

215

LAS VEGAS BOULEVARD MARYLAND PARKWAY

EASTERN AVENUE PECOS ROAD

?2019 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. Note: One or more Colliers International agents is an owner/licensee.

Copyright ? 2019 Colliers International.

| 7 COLLIERS INTERNATIONAL ? OWNER-USER OFFICE CONDOS

The Office BY THE AIRPORT PHASE I AVAIL ABLE NOW ? 320 E. Warm Springs Road, Las Vegas, Nevada 89119 Buy versus Lease Comparison

BSqUuaYreVFoSot.agLeEASE COMPARISON 2,557

OWN

Building Shell Price / SF Improvements / SF Total Building Cost Closing Costs Total Project Cost

$185 $50

$473,045 $127,850 $600,895

$19,000 $620,000

LELAESAESE

Monthly Lease Rate/SF (NNN)

$1.65

$4,219

Start Up Costs

Start Up Costs

Cash Down Payment Apprasial and Phase I ESA Total Cash Required

Monthly Occupancy Cost

10.0%

$62,000 $6,000 $68,000

Security Deposit Total Cash Required

1 mos

$4,219 $4,219

Buy versusMoLntehlyaOcscuepancCy Coostmparison

Mortgage Payment

$3,473

Lease Payment

$4,219

Occupancy Cost / SF

$1.36

Occupancy Cost / SF

$1.65

Square Footage

Net Monthly Occupancy Cost

$3,473

Forecasted Ownership Benefits

Annual 3% Rental Increases

2,557

Net Monthly Occupancy Cost

OWN Forecasted Cost of Leasing

$4,219

Scott Willits

LV+E1ic6Ae0S2Pr4Ee0s5id9e5n9t,8Pinnacle Bank swillits@

Cash Savings after 10 Years Equity After 10 Years Less: Upfront Cash Required Total Ownership Benefits

Building Shell P$8ri9c,e56/6 SF ITmotparloBvueimldeinn$gt3$s-C3$3/612o80,Ss4,,08tF004903 Closing Costs

Cash Savin$g1s9a9fter 10$Y5e0a8rs,843 ELTeoqstusai:tlyULApefftareosrn$in1t50gC0YaCseohasrRts$$eq16u23ir76e,,d865903

$21,000

Monthly Le$a0se Rate / SwFww.pinnac$l1e.b6a5nkaz.co$m4,219

$0 $0 $0

AssAusmsputmiopntsio:nBsa: sBeadsoend uonitunsitzesiozfe 2o,f5527,5sT5q7ousatqreuaaflreeePtf.ereMoto. jrMtegoacrgtgteapgCaeyopmaseytnmtecnatlccuallactueldataetd 5a.t755%.75o%veorv3e0r03m0$0o6nmt5hosn8.thP,sr0.opP0eror0tpyerAtyppArepcpiraetcioiantiaosnsausmsuemd eadt at

2.0%A2.s0sa%unmnaputnaionllnuysa.:llBy"aC. sae"sdChaoSsnahuvnSiinatgvssiizneagfsotfea2rf,t51e50r7y1se0qauyrasere"arfise"eNti.seMtNotrehttgeatgdheiefpfdeaiyrfemfneecrneetncbcaeltcwbueleatetwendeMeanto5nM.t7ho5ln%ythoOlvycecrOu3cp0ca0unpcmayonnCctyohssC.tsoPsrtotospeOtrotwyOnAwpapnrdeacNniadettiNoMnetaosnMstuhomlnytehOdlyactcO2uc.p0ca%unpcaaynnncCuyoaslCltyo.tso"tCatosh Savings after 10 years" is Net the difference between Monthly Occupancy

LeaCLsoesa.tssLeet.oaLsOewarnsaeatnerdaatNseestauMsmsoeundmthaelytdO3ac.tc0u%3p.0aan%ncynauCnaonlsutinatcol riLeneacasrseea..sL"eUe.aps"fUeroprnaftreoCnaatssCuhamRsehedqRauteir3qe.u0di%"reodan"nnaounaLleaianLscereeaaasssees.au"smUspeufsmrotenhstaCtahsSahetcRSueerqicutuyirreiDtdye"poDonespaitoLsweiatosuweldaosubsledumrbeetsurtrehntaeutrdSneeincdufriunitlylfDulelposit would be returned in full upon move out. Additional benefit of ownership

upoiunspamonnnouvmaelodoveuept.roeuActdi.adtAiotdinodnietaxiopl nebanelsnebeeofinftethofeift boouwfildnoiewnrSgsn,hetwirpashhiicrsihptawinsUinllauopnafnflsudCeaetlpoadrnesncputiraaesltctiaoiaxntbieouxnrpdeexnps. eePnleosafesteohfceotnbhsueuilbldtuiwnilgidt,hinwygoh,uiwcrhhCiPwcAhillawnoidfllf/osoreftfLseaegntanlauCnaonluutnaaslxetlbafuxordbmeunrod.reSPnflote. raaPmsleeraaltscgeouUnidcsaopunnltcseCu.ltosts

withwiytohuyroCuPr ACPaAnda/onrd/LoergLael gCaol uCnosuenl sfeolr fmorormeofroermfoarlmgaulidgaunidcaen.ce.

Cash Down Payment

10.0% $65,800

?Th2e0u19sSPVeCrciionciosllenirteertaqsPucIWnirrlteeeedrisnltaoBliitdicatooesnnnadnlku. tIcntfothrmeiratoiwonnhdeureeidnilhigaesnbceeATeannpoodbptvtaearirnaifelicdsaCfitriaooamnl. sNsaoohutner:cdeORsndeePeoehqrmmaeudosrireeerlCieaobIlldliee,rhsoInwteervneartiiotsnaacl caugreanctys

$6,000 cisanannootwbenegru/alicrae$nntsee7eed.1. ,800

(602) 405-9598

Prepaid Lease

2 mos

$8,438

Security Deposit

1 mos

$4,219

Total CaCsOhLLRIEeRSqIuNTirEeRNdATIONAL ? OWNER-USER OF$FI1C2E C,6O5ND7OS

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