Lee Black | 4345 Las Virgenes Road Brochure

+/-11,620 RSF Two Story Freestanding Educational Building on a Campus of +/-1.88 acres OFFERING MEMORANDUM

CONFIDENTIALITY AGREEMENT All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS INVESTIGATION AND DUE DILIGENCE.

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INDEPENDENT

Any party contemplating a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/ or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

Legal questions should be discussed by the party with an attorney.

Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies.

DISCLAIMER Each Office is Independently Owned and Operated. Broker and Broker’s Agents do not represent or guarantee accuracy of square footage, lot size, condition, features. It is the Buyer’s sole responsibility to perform investigations and satisfy themselves.

FOR MORE INFORMATION, PLEASE CONTACT: Lee Black Managing Director 818.657.6539 LeeBlack321@outlook.com CA DRE #00897065

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Veronica Black Senior Associate CA DRE #02023158

Chase Kinsley Associate CA DRE #02104616

KW Commercial 23975 Park Sorrento Suite 110 Calabasas, CA 91302

E X E C UT I V E S U M M A RY

PROPERTY SUMMARY Subject to Lease Assignment SEE PAGE FOUR ±11,620 RSF, comprising of a two story freestanding educational building on a campus of approximately 1.88 acres PREMISES LCRA 1 (Public school: administration, campus, instruction) ZONING 2064-024-900 APN

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Just off 101 Ventura Freeway, along Las Virgenes Rd (major artery between the coast and the Ventura Freeway) LOCATION

The premises will be used for legally permissible business offices keeping with the character of a first class building and further as a private non-residential educational facility USE

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Eight (8) classrooms, approximately 30’x30’ for each, plus administrative offices and restrooms IMPROVEMENTS 3

LEAS E TERMS ASSIGNMENT OF LEASE TERMS The Lessor (Las Virgenes Unified School District – “District”) is requesting written proposals to be submitted to the Broker (KW Commercial Calabasas – Attn Lee Black) on or before January 29, 2021 for the Lessor’s assignment of the lease outlined below.

The District is desirous of the Assignee to accept the lease “as is” with the least amount of modifications to the existing terms as per the Original Lease and First Amendment as contained herein. The District reserves the right to reject any/all proposals in its absolute discretion. The District further reserves the right to make any changes and/or modifications to the proposal process. For further information please visit the website at www.4345LasVirgenes. com and/or call or email Lee Black, Managing Director, KW Commercial at 818-657-6539 or leeblack321@outlook.com.

ORIGINAL LEASE Tenant Property Address Effective Date Lease End Date Use

MUSE School CA 4345 Las Virgenes Road, Calabasas, CA July 1, 2013 June 30, 2019 Non-profit Private School, Administration, Campus, and Instruction including Summer Camp Use, Education-related lawful purposes

FIRST AMENDMENT Tenant Effective Date Lease End Date Rent Increases 4

MUSE School CA July 1, 2019 June 30, 2025 Effective July 1, 2020 = $30,011.11 per month ($2.58 psf NNN) Annual fixed three percent (3%) increases

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10 MILES

5 MILES 3 MILES

DEMOGRAPHICS

3 Miles

5 Miles

10 Miles

Population

23,980

83,858

511,760

Households

8,779

30,413

181,317

$135,679

$135,756

$105,451

Avg HH Income

Source: U.S. Census Bureau, Census 2010, Esri Forecasts for 2012 and 2017.

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Mediterranean Pita Grill

AMENITIES MAP

Taco Bell

Sharky’s Woodfired Mexican Grill

Albertsons

Hanami Sushi

Cambria Hotel

Good Nite Inn

Erewhon Market

Jack in the Box McDonald’s

Jersey Mike’s Subs

Domino’s Pizza

Starbucks

a Rd

Agour

UPS Store La Paz Restaurant

Malibu Hills Rd

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Agoura Hills/Calabasas Community Center

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Lost Hills Sheriff Department

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Pepperdine University Calabasas Campus

A.E. Wright Middle School

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FLO O R PLAN

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CALAB ASAS OVERV IEW The city of Calabasas was incorporated on April 5, 1991, when Calabasas had one municipal property. Today the city owns or operates an array of thirteen properties, including several parks and recreation facilities, along with the Calabasas Civic Center, site of City Hall, the Municipal Library and Senior Center.

CENTURIES AGO, the Chumash Indians led a peaceful existence amidst the rolling hills of Calabasas. Spanish explorers were the first Europeans to arrive in the area.

In 1770, an expedition headed by Gaspar de Portola crossed through Calabasas on its return southward to Mexico after venturing into Northern California. In 1776, another party of explorers led by Juan Bautista de Anza camped in Calabasas on their way northward from Mexico.

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Present-day Calabasas Road was once part of the historic El Camino Real (The King’s Highway), a pathway dating back to 1769 that linked Spanish settlements and missions up and down California. Bisecting Old Town Calabasas, this thoroughfare runs through the heart of the city today. Old Town has some of the region’s longest-surviving structures, the most prominent of which is the Leonis Adobe.

The first planned housing subdivision in Calabasas was Park Moderne, originally settled by artists, craftsmen, and writers. Dating from the 1920s, many of its original units are still intact and reflect some of the most intriguing residential architecture in California. The topography in and around Calabasas is breathtaking; as testament to this fact, it has been a favorite location for filming motion pictures since the early 20th Century.

THE COMMONS AT CALABASAS

The earliest surviving written reference to Calabasas in a geographical context appears in a document found at the San Fernando Mission, dated August 19, 1795. Some legends suggest that the name Calabasas is derived from calabazas, the Spanish word for pumpkins or gourds—a tribute to the pumpkin patches that reputedly dotted the area long ago. Other sources contend that Calabasas comes from a Native American term meaning, “where the wild geese fly.”

CALABASAS PUBLIC LIBRARY

To date, 43 percent of the land within Calabasas is protected open space, a figure that dwarfs most other cities in the area.

Perpetual preservation of open space and resources, along with severe restrictions on future development, as specifically enshrined in the Calabasas Municipal Code.

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CALABASAS LAKE

www.4345LasVirgenes.com

FOR MORE INFORMATION, PLEASE CONTACT: Lee Black Managing Director 818.657.6539 LeeBlack321@outlook.com CA DRE #00897065

Veronica Black Senior Associate CA DRE #02023158

Chase Kinsley Associate CA DRE #02104616

© 2020 Keller Williams Commercial. Information contained herein has been obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it.