Table of Contents - Jesse Lee

[Pages:17]Investment Offering

United Education Institute

401 W. Carl Karcher Way Anaheim, CA

Exclusively listed by:

Josh A. Veentjer Managing Partner joshv@ 800.791.6320 x101 DRE #01905588 Geoffrey Faulkner, CCIM Managing Partner gfaulkner@ 800.791.6320 x100 DRE #01745351

Table of Contents

1. Property Overview Aerial Views Building Photos

2. Investment Overview Tenant Summary Annualized Operating Data Rent Roll

3. Parcel Map

4. Building Plans 1st Floor 2nd Floor Basement

5. Tenant Overview

6. Market Profile

7. About City of Anaheim

Although all information is furnished regarding for sale or financing is from sources we deem reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, omissions, changes of price or other conditions prior sale or financing, or withdrawal without notice.



Property Overview

United Education Institute | 401 W. Carl Karcher Way

The subject property consists of 26,479 SF of improved building area consisting mainly of classroom and office oriented spaces on approximately 2.27 acres of total property. Also includes adjacent .574 acre parking lot. The existing improvements were constructed in 1976 by the late Carl Karcher to serve as CKE Restaurants first central office. CKE occupied the building until 2008 when they relocated to their new office building immediately to the northeast of the subject building.

The UEI property is one of the last pieces of the Karcher Family property holdings in Orange County. The subject property is part of multiple parcels that once made up the late Margaret (Heinz) Karcher's family farm. This is a great opportunity for an investor to own a piece of the Karcher Family history.

Highlights: Tenant extended lease term early (12+ years remaining) 3% annual rent escalations Recently remodeled in 2009 (Approx. $1.8mm in TI's) 100% occupied single tenant NNN lease Management fee/ other expenses reimbursable Just off Hard corner of signalized intersection at Harbor Blvd. and Carl Karcher Way Former CKE Orange County Headquarters Excellent visibility and access Ample parking (includes adjacent lot leased by tenant) Well located central Anaheim location with high intrinsic value



Aerial Views



Building Photos



Investment Overview

Price:

$7,834,425

NOI:

458,313.84

Building:

26,479 Sf. (2 story)

Land:

2.277 acres + .574 acres

Lease Type:

NNN

Lease Term:

Original term commenced 3/3/2010 (tenant extended early 12+ years remain)

Escalations:

3% annually

Options:

2 -Five year at market rent but no less than 95% of proceeding months rate

Ownership:

Fee Simple

Built:

1976, Remodeled 2009

Tenant Summary

Tenant Trade Name:

United Education Institute

Ownership:

International Education Corporation, a California corporation

Guarantor: Tenant Locations:

International Education Corporation, a California corporation

13 campuses in Southern California, 1 campus in Georgia and 1 in Florida



Annualized Operating Data (2014)

Stabilized Rent 3% management Landscaping Reimbursable Expenses

Gross Scheduled Income (Operating Expenses) Net Operating Income

$458,313.84 $13,749.42 $9,464.40 $23,213.82

$481,527.66 -$23,213.82 $458,313.84

Rent Roll

Months During Lease Term

Base Rent

Month 49 - 60 Month 61 - 72 Month 73 - 84 Month 85 - 96 Month 97-108 Month 109 -120 Month 121 - 132 Month 133 - 144 Month 145 - 156 Month 157 - 168 Month 169 - 180 Month 181 - 192 Month 193 - 195

35,762.82 36,835.70 37,940.78 39,079.00 40,251.37 41,458.91 42,702.68 43,983.76 45,303.27 46,662.37 48,062.24 49,504.11 50,989.23

Parking

2,430.00 2,502.90 2,577.99 2,655.33 2,734.99 2,817.04 2,901.55 2,988.59 3,078.25 3,170.60 3,265.72 3,363.69 3,464.60

Total

38,192.82 39,338.60 40,518.76 41,734.33 42,986.36 44,275.95 45,604.22 46,972.35 48,381.52 49,832.97 51,327.96 52,867.80 54,453.83

Stabilized Annual Income

458,313.84 472,063.26 486,225.15 500,811.91 515,836.26 531,311.35 547,250.69 563,668.21 580,578.26 597,995.61 615,935.48 634,413.54 653,445.95



Parcel Map

Orange County School District Land

Pending

Vacant Land

Carl's Jr.

UEI



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