Moorpark Campus Plaza Offering Memorandum | Lucrum Group (KW Forward Living)

MOORPARK CAMPUS PLAZA 6591 - 6597 COLLINS DRIVE | MOORPARK, CA 93021

OFFERING MEMORANDUM

MOORPARK CAMPUS PLAZA

INVESTMENT CONTACTS RAY RODRIGUEZ PRINCIPAL D: +1 818-657-6513 M: +1 818-581-5829 Ray@email.com Lic. #01402283

MATHEW FREEDMAN PRINCIPAL D: +1 818-657-6500 M: +1 818-585-6888 Matt@email.com Lic. #01487954

SCOTTY WEISSTEIN ASSOCIATE D: +1 818-657-6514 M: +1 818-205-8847 Scotty@email.com Lic. #01483264

RAYHANEH REZAI

ASSOCIATE D: +1 818-657-6500 M: +1 310-985-5189 Rayhaneh@email.com Lic. #01772734

ANDREW GELTMAN ASSOCIATE D: +1 818-657-6500 M: +1 818-357-1275 Andrew@email.com Lic. #02013948

LUCRUM GROUP | KW FORWARD LIVING

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.

Any party contemplating or under contract or in escrow for 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.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level.

Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. 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. All properties and services are marketed by KW COMMERCIAL in compliance with all applicable fair housing and equal opportunity laws.

MOORPARK CAMPUS PLAZA 6591 - 6597 COLLINS DRIVE | MOORPARK, CA 93021

TABLE OF CONTENTS

01

INVESTMENT SUMMARY

02

PROPERTY DESCRIPTION

03

FINANCIAL ANALYSIS

04

TENANT PROFILES

05

AREA OVERVIEW

6591-6597 Collins Drive Moorpark, CA

01

I NVE ST M E NT S U M M A RY

MOORPARK CAMPUS PLAZA

ADDRESS 6591-6597 Collins Dr. Moorpark, CA 93021

BUILDING SF BREAKDOWN 3,604

7.2%

Building C GLA

5,727

11.4%

OFFERING PRICE

YEAR 1 YEAR 5 CAP RATE CAP RATE

$/SF (BLDG.)

Building D GLA*

24,902

49.5%

Building E GLA*

16,063

31.9%

$12,600,000

6.67%

$251

Total GLA

50,296

7.2%

Total Occupied GLA

39,288

7.2%

Total Occupied GLA

39,288

7.2%

11,008

7.2%

*7.87%

PROJECTED NOI Year One (1) .......................$840,078* Year Three (3) .....................$908,024* *Projected CAP Rate would increase by .23% NOI and can immediately increase by ±$30,000/yr if/when base rent for McDonald’s reverts back up to original lease stated rental amount should the violation of their “exclusive use clause” be remedied by closure of Burger Express tenant in center.

8

Building B GLA

LUCRUM GROUP | KW FORWARD LIVING

Total Vacant GLA

*(20,083 SF is 2nd level Bldg. D & E (40% GLA Entire Center)

LAND AREA SF ±209,088 (4.80 Acres) LEASE TYPESW NNN & Gross

OWNERSHIP Fee Simple* *McDonalds is only tenant in center that owns their Bldg. & is on ground lease with seller/Landlord for their parcel

YR. BUILT/RENOV. 2006, 2007, 2008 PARKING 227 Stalls (4.5 Stalls/1,000 SF DEBT Buyer may purchase all cash or bring new debt to the property.

APN (VENTURA COUNTY) 514-0-160-065, 075, 085 TRAFFIC COUNTS ±89,000 VPD (118 FWY @ Collins Dr)* *Source: CALTRANS

INVESTME NT SUM M ARY Welcome to Moorpark Campus Plaza, a 50,296 SF mixed-use neighborhood shopping center anchored by a freestanding McDonald’s with just under 10 yrs. remaining on initial term and Starbucks within a freestanding, three unit, shops pad building.

The property provides investors with a tremendous investment opportunity offering in place income and future upside through new tenant lease up and conversion of certain leases from gross to NNN lease structure.

IN PLACE INCOME WITH SUBSTANTIAL UPSIDE POTENTIAL Campus Plaza offers an investor attractive In Place Income from a wide range of tenants which includes Starbucks as well as Substantial Upside Potential through lease up of vacant spaces (14.33% of GLA) and renewal/conversion of certain ground level leased spaces from gross to NNN leases.

AFFLUENT SOUTHERN CALIFORNIA TRADE AREA WITH DESIRABLE PROXIMITY TO FREEWAY INTERCHANGE AND COMMUNITY COLLEGE Campus Plaza benefi ts from its location in Moorpark, CA, an affluent Southern California city in Ventura County offering an Average HH income of ±$112,235 within a three (3) mile radius, proximity to the 118 Fwy. /Collins Drive interchange (±88,000 VPD)* and the Moorpark Community College (±19,000 Students and Staff Members).

Source: CalTrans

ATTRACTIVE NEWER CONSTRUCTION – PRIDE OF OWNERSHIP Campus Plaza was constructed from 2006 – 2008 and offers higher end finishes with stone and tile, desirable common area features including patio seating area, attractive large size sculpture art, a clock tower and mature/well maintained landscaping.

MOORPARK CAMPUS PLAZA | MOORPARK, CA

9

6591-6597 Collins Drive Moorpark, CA

02

PR OPERTY D E S C R IPT IO N

PROPERTY SUMM ARY

MOORPARK CAMPUS PLAZA APN:

514-0-160-065, 075, 085 (VENTURA COUNTY)

ZONING:

C2 (GENERAL COMMERCIAL)

BUILDING:

50,296 SF* (20,083 SF IS 2ND LEVEL BLDG. D & E (40% GLA)

SITE:

4.80 ACRES

PARKING:

227 STALLS (4.5 STALLS/1,000 SF)

FRONTAGE: ±565 LINEAR FT. (CAMPUS DRIVE)

±880 LINEAR FT. (COLLINS DRIVE)

TRAFFIC COUNT:

12

±89,000 VPD (118 FWY @ COLLINS DRIVE)* *SOURCE: CALTRANS PROPERTY

LUCRUM GROUP | KW FORWARD LIVING

MOORPARK CAMPUS PLAZA | MOORPARK, CA

13

PROPERTY LEASE DATA TOTAL SF

% of Total

BUILDING B GLA BUILDING C GLA BUILDING D GLA BUILDING E GLA

3,604 5,727 24,902 16,063

7.2% 11.4% 49.5% 31.9%

TOTAL OCCUPIED GLA TOTAL VACANT GLA

39,288 11,008

78% 22%

TOTAL GLA

50,296

100%

BUILDING B Suite Tenant B-100 McDonalds (GL) BUILDING C Suite Tenant C-1 C-2 C-3

Available Available Starbucks

BUILDING D Suite Tenant D-1A D-1 D-2 D-3 D-4 D-5A

14

LUCRUM GROUP | KW FORWARD LIVING

Ivy Tech Charter School Available Burger Express Ro Bo & Shopping Lin Available Stacy Christopher

SF

Exp.

3,604

3/27/27*

SF

Exp.

1,814 2,170 1,743

2/28/18*

SF

Exp.

1,090 1,322 1,200 1,109 1,568 609

11/30/22* 4/30/18 5/31/22 5/31/21 8/31/19

BUILDING D (Cont.)

Suite Tenant D-5B Available D-6 Custom Pie D-7 Available D-8 So Cal Nails Spa D-9 Available 2nd Level Suites: D-10 Home Instead Senior Care D-11 Home Instead Senior Care D-12 Mark Howe Insurance D-13 Z & D Entertainment D-14 Dr. E Jimenez D-15 Sobelman, CPA D-16 Scientology D-17 Fisher Architects D-18 CRAM 101 D-19 CRAM 101 2ND LEVEL BLDG. D TOTAL

SF 768 1,443 1,497 1,097 1,869

Exp. 12/31/21 3/31/19

1,689 1/31/22 933 1/31/22 912 9/30/20 1,367 4/30/20 500 12/31/17 483 11/30/17 1,096 MTM 1,331 7/31/17 1,040 6/30/18 1,979 6/30/18 11,330 SF

N

Suite D-4

Suite Suite D-5A D-5B

Suite Suite D-6 D-7

Suite D-8

Suite D-3

Suite E-4

Suite D-2

Suite E-5

Suite D-1

Suite E-6

Suite Suite Suite Suite D-16 D-17 D-18 D-19

Suite D-1A

e Suite D-15

S ITE PL A N

Suite C-1 Suite D-9

Suite C-2 Suite C-3

Suite E-3 Suite E-2 Suite E-1

Suite B-100

E-1 Ivy Tech Charter School E-2 Todai Dojo E-3 Ivy Tech Charter School E-4 Ivy Tech Charter School E-5 Ivy Tech Charter School E-6 Ivy Tech Charter School 2nd Level Suites: E-7 Available E-8A Premier Physical Therapy E-8B Premier Physical Therapy E-9 Soul Body Yoga E-10 Dansk Investment Group E-11 Dansk Investment Group 2ND LEVEL BLDG. E TOTAL

SF

Exp.

1,033 1,373 1,114 1,267 1,371 1,152

6/30/22* 5/31/17 6/30/22* 11/30/22* 11/30/22* 11/30/22*

1,053 1,471 1,753 967 1,054 2,455 8,753 SF

CO

LL

IN

S

DR

CAMPUS PARK DRIVE

BUILDING E Suite Tenant

IV

E

10/31/21 10/31/21 MTM 3/31/19 3/31/19

Note: *McDonald’s is on Ground Lease *Starbucks in final stages of negotiation for 5 year lease

MOORPARK CAMPUS PLAZA | MOORPARK, CA

15

F LOOR PL A N S

Suite E-7 Suite E-8B Suite E-8A

Suite E-10

Suite Suite SuiteSuite D-13 D-10 D-11 D-12

Suite Suite D-14 D-15

Suite Suite Suite Suite D-16 D-17 D-18 D-19

G R O UN D LEVE L Suite E-9

Suite E-11 2ND LEVEL BLDG. D TOTAL 2ND LEVEL BLDG. E TOTAL TOTAL SF

Suite E-7 Suite E-8B Suite E-8A

Suite E-10

Suite Suite SuiteSuite D-13 D-10 D-11 D-12

Suite Suite D-14 D-15

11,330 SF 8,753 SF 20,083 SF

Suite Suite Suite Suite D-16 D-17 D-18 D-19

S ECO N D LEVE L Suite E-9

Suite E-11 2ND LEVEL BLDG. D TOTAL 2ND LEVEL BLDG. E TOTAL TOTAL SF

16

LUCRUM GROUP | KW FORWARD LIVING

11,330 SF 8,753 SF 20,083 SF

A

M

PU

S

PA

N AP

C

DR D S IN VP LL 00 CO 9,0 ±8

RK

D

R

N AP

MOORPARK COLLEGE ±19,000 STUDENTS & FACULTY MOORPARK CAMPUS PLAZA | MOORPARK, CA

17

6591-6597 Collins Drive Moorpark, CA

03

F I N A NC IA L A NA LYS IS

20

LUCRUM GROUP | KW FORWARD LIVING

FINANCI A LS Square Feet

Leasable Area (G)

Current Base Rent

Monthly Rate PSF

Starbucks Bezign Todai Dojo Vacant

3,604 1,814 2,170 1,743

7.17% 3.61% 4.31%

$13,750.00 $3,270.25 $3,441.23 $0.00

$3.82 $1.80 $1.59 $0.00

6305-D, D1 6305-D, D7 6305-D, D13 6305-D, D18 6305D, D19

Vacant Vacant Vacant Vacant Vacant

1,322 1,497 1,367 1,040 1,979

2.63% 2.98% 2.72% 2.07% 3.93%

$0.00 $0.00 $0.00 $0.00 $0.00

6305-D, 1A 6305-E, E1 6305-E, E2 6305-E, E3 6305-E, E4 6305-E, E5 6305-E, E6

Ivy Tech Charter School Ivy Tech Charter School Ivy Tech Charter School Ivy Tech Charter School Ivy Tech Charter School Ivy Tech Charter School Ivy Tech Charter School

1,090 1,033 1,373 1,114 1,267 1,371 1,152

2.17% 2.05% 2.73% 2.21% 2.52% 2.73% 2.29%

$14,154.84 -

$1.69 -

6302-D, D2 6305-D, D3 6305-D, D4 6305-D, D5A 6305-D, D5B 6305-D, D6 6305-D, D8 6305-D, D9 6305-D, D10 6305-D, D11 6305-D, D12 6305-D, D14 6305-D, D15 6305-D, D16 6305-D, D17

Char-Broiler Express Yu Yan Chinese Carnitas MP, Inc Stacy Christopher The Bar Next Door Custom Pie So Cal Nails Spa, Inc Beautiful Grace Salon, LLC Home Instead Senior Care Home Instead Senior Care Paul Como Dr. Edna Jimenez Allen F. Sobelman, CPA Church of Scientology Mission Fisher Architects

1,200 1,109 1,568 609 768 1,443 1,097 1,869 1,689 933 912 500 483 1,096 1,331

2.39% 2.20% 3.12% 1.21% 1.53% 2.87% 2.18% 3.72% 3.36% 1.86% 1.81% 0.99% 0.96% 2.18% 2.65%

$2,599.20 $1,765.00 $2,578.41 $1,379.00 $1,713.00 $3,005.00 $2,325.00 $2,300.00 $5,080.00 $1,600.47 $943.00 $1,155.00 $1,500.00 $2,338.00

$2.17 $1.59 $1.64 $2.26 $2.23 $2.08 $2.12 $1.23 $1.94 $1.75 $1.89 $2.39 $1.37 $1.76

6305-E, E8 6305-E, E9 6305-E, E9 6305-E, E7 6305-E, E10

Premier Physical Therapy & Ass Soulbody Yoga, LLC Dansk Investment Group Dansk Investment Group Dansk Investment Group

3,224 967 2,455 1,053 1,054

6.41% 1.92% 4.88% 2.09% 2.10%

$5,636.00 $1,804.00 $8,440.00 -

$1.75 $1.87 $1.85 -

Unit/ Suite

Tenant Name

6305-B 100 6305-C, C1 6305-C, C2 6305-C, C3

CAM Charges

Other Charges

Lease Start

Lease Stop

$50.00

1/1/19

12/31/23

Remarks

9/20 Move-In; 10 yr terms, (2) 5 yr options

Starbucks moved to another space

$665.00 $940.80

$683.76 $44.52

5/1/18 6/1/17 2/1/20 9/1/16 1/1/18 1/1/16 4/1/19 8/1/19 10/1/11

4/30/23 5/31/22 10/31/22 8/31/19 12/31/20 12/31/20 3/31/24 7/31/22 1/31/22

2/1/18 1/1/18 12/1/17 5/1/09 8/15/14

9/30/20 12/31/19 11/30/20 7/31/14 7/31/20

12/1/16 4/1/13 5/1/15

11/30/21 3/31/17 8/31/17

MOORPARK CAMPUS PLAZA | MOORPARK, CA

21

6591-6597 Collins Drive Moorpark, CA

04

T E N A NT PR O F IL E S

24

LUCRUM GROUP | KW FORWARD LIVING

TENANT PRO FI L E S

STARBUCKS

IVY TECH

TYPE:

Public - SBUX (NASDAQ)

TYPE:

LESSEE:

Starbucks Corporation

LESSEE:

LEASE TYPE:

NNN

NO. OF LOCATIONS:

23,391

WEBSITE: USE:

HOME INSTEAD SENIOR CARE TYPE:

NO. OF LOCATIONS:

501 C-3 Non-Profi t Corporation Ivy Tech Charter Schools, 501 C-3 Non Profit Corporation Modifi ed Gross (Pays only suite utilities direct to provider) 1

NO. OF LOCATIONS:

Private Donald M. Reid & Laurie D. Reid (Franchise Location)* Modifi ed Gross (Pays only suite utilities direct to provider) 1,000 franchise offi ces (17 global markets)

www.starbucks.com

WEBSITE:

www.ivytechcs.org

WEBSITE:

www.homeinstead.com

Operation of a Starbucks Coffee House

USE:

Operation of a Charter School

USE:

The operation of a senior care facility office

LEASE TYPE:

LESSEE: LEASE TYPE:

Starbucks Corporation is an American global

Ivy Tech Charter School was established in 2010

Headquartered in Omaha, Nebraska, Home

coffee company based in Seattle, Washington.

with the mission of educating students to

Instead Senior Care is the largest senior care

With over 21,500 stores spread throughout 64

become innovative learners and 21st Century

organization in the world. The network includes

countries (including the US, China, Canada, Japan,

Leaders. Ivy Tech is a 501 C-3 Non Profit

more than 1,000 franchise offi ces in 17 global

and the United Kingdom) Starbucks is the largest

Corporation, the school has created a “Blended

markets. The business started in 1994 out of

coffeehouse company in the world. Starbucks

Learning Model” in which the best aspects

founder Paul Hogan’s living room. Each franchise

serves hot and cold beverages, whole bean coffee,

of virtual classroom and traditional brick-and-

location is independently owned and operated.

instant coffee, teas, pastries, and prepackaged

mortar type school systems are combined. Ivy

From 2012–2014 Home Instead Senior Care

sandwiches/snacks.

Tech is a public charter school that is free to all

network was listed as No.1 overall in franchisee

families of students grades 7-12 that reside in

satisfaction among all categories (source: Franchise

Ventura County and the adjacent counties of Los

Business Review). The Moorpark office serves

Angeles. Ivy Tech charter school is certified

Agoura, Camarillo, Moorpark, Newbury Park, Ojai,

with the California Department of Education

Oxnard, Simi Valley, Thousand Oaks, Ventura,

(Charter #1202). Ivy Tech Charter school has

Westlake Village, Malibu, Oak Park, Oxnard, Santa

a board that consists of several well qualified and

Paula, West Hills, and Fillmore. Home Instead

experienced educators. In addition to the

Senior Care offers In-Home Care, Home Health

board Ivy Tech Charter School is staffed with office

Aide, Adult Day Care, & Assisted Living Facility.

faculty, administration, and teachers.

MOORPARK CAMPUS PLAZA | MOORPARK, CA

25

T E N ANT PRO FI L E S

BURGER EXPRESS

CUSTOM PIE

TYPE:

Public

TYPE:

Private

TYPE:

Private

LESSEE:

LESSEE:

Rong Bo Lin & Shuping Lin (Chinese Food)

LEASE TYPE:

NNN

NO. OF LOCATIONS:

Michel Bardavid Modified Gross (Pays only suite utilities direct to provider) 1

LESSEE:

NO. OF LOCATIONS:

Nick Kalivas & George Reppas* Modified Gross (Pays only suite utilities direct to provider) 1

NO. OF LOCATIONS:

1

WEBSITE:

N/A

WEBSITE:

www.custompie.com

WEBSITE:

N/A

USE:

Operation of a Burger/Sandwich Restaurant

USE:

Operation of a Pizzeria

USE:

Chinese Restaurant

LEASE TYPE:

*Lease is guaranteed by Nick Kalivas & George Reppas

*Owner/Exec Chef Michel Bardavid is 15 year restaurant operator in Moorpark, CA

SO CAL NAIL SPA, INC.

EXCIDO

TYPE:

Private

TYPE:

Private

TYPE:

Private

LESSEE:

Long Xuong Truong

LESSEE:

Z&D Entertainment (Escape Room)

LESSEE:

Mark Howe

LEASE TYPE:

NNN

LEASE TYPE:

Gross

LEASE TYPE:

Gross

NO. OF LOCATIONS:

1

NO. OF LOCATIONS:

1

NO. OF LOCATIONS:

1 (Franchise Location)*

WEBSITE:

N/A

WEBSITE:

www.excidoescaperoom.com

WEBSITE:

www.farmersagents.com/mhowe

USE:

Operation of a Nail Salon

USE:

Escape Room (Group Entertainment)

USE:

The operation of a Farmers Insurance Office

*Lease is guaranteed by Nick Kalivas & George Reppas

FARMERS INSURANCE

*Owner/Exec Chef Michel Bardavid is 15 year restaurant operator in Moorpark, CA

* Farmers Insurance has 50,000 exclusive and independent agents

DR. EDNA JIMENEZ

ALLEN SOBELMAN

THE CHURCH OF SCIENTOLOGY

TYPE:

Private

TYPE:

Private

TYPE:

Private

LESSEE:

Dr. Edna Jimenez

LESSEE:

Allen Sobelman, CPA

LESSEE:

Church of Scientology

LEASE TYPE:

Gross

LEASE TYPE:

Gross

LEASE TYPE:

Gross

NO. OF LOCATIONS:

1

NO. OF LOCATIONS:

1

NO. OF LOCATIONS:

Churches: 55 (US) Missions: 55 (US)

WEBSITE:

N/A

WEBSITE:

www.sobelmancpa.com

WEBSITE:

www.scientology-moorpark.org

USE:

Operation of a Doctors Office

USE:

The operation of a CPA office

USE:

The operation of a Scientology Mission

*Lease is guaranteed by Dr.Edna Jimenez

26

LEASE TYPE:

YUE YAN CHINESE FOOD BOUTIQUE

LUCRUM GROUP | KW FORWARD LIVING

TENANT PRO FI L E S

FISHER ARCHITECTS

TODAI

TYPE:

Private

TYPE:

Private

LESSEE:

Michael & Veronica Fisher

LESSEE:

Scott Hamilton

LEASE TYPE:

Gross

LEASE TYPE:

Gross

NO. OF LOCATIONS:

1

NO. OF LOCATIONS:

1

WEBSITE:

N/A

WEBSITE:

www.todaidojo.com

USE:

The operation of an Architects Office

USE:

The operation of a self-defense studio

*Lease is guaranteed by Nick Kalivas & George Reppas

*Owner/Exec Chef Michel Bardavid is 15 year restaurant operator in Moorpark, CA

DANSK INVESTMENT GROUP TYPE:

Private

LESSEE:

Dansk Investment Group, Inc.

LEASE TYPE:

Gross

NO. OF LOCATIONS:

1

WEBSITE:

N/A Operation of a real estate investment and management company *Dansk Investment Group (Seller) currently manages the property

USE:

SOUL BODY YOGA TYPE:

Private

LESSEE:

Mina Izadsepas

LEASE TYPE:

Gross

NO. OF LOCATIONS:

1

WEBSITE:

www.soulbodyyoga.com

USE:

The operation of a yoga studio

MOORPARK CAMPUS PLAZA | MOORPARK, CA

27

6591-6597 Collins Drive Moorpark, CA

05

AR E A OVE R VIEW

VENTURA COUNTY, CALIFORNIA OVERVIEW Ventura County is located immediately northwest of Los Angeles County and spans from the Pacific Ocean up to Santa Barbara County to the northwest and Kern County to the northeast. Ventura’s reputation of being one of the country’s safest populated places has allowed it to also become one of the country’s most affluent places as well with a 2016 average household income of $105,062.

QUICK FACTS

• Ventura County is conveniently a 1 hour’s drive from downtown Angeles and 30 minutes from Santa Barbara.

• Ventura County is ranked as one of the 100 highest-income counties in the country and the sixth wealthiest county in California by per capita income.

• The Tech Coast Area of the County has a large population of technology corporations such as telecommunications, healthcare and biotech companies.

2016 ESTIMATED POPULATON

2021 PROJECTED POPULATON

2010 CENSUS POPULATON

EST. ANNUAL GROWTH 2010-2016

PROJ. ANNUAL GROWTH 2016-2021

2016 MEDIAN AGE

2016 AVERAGE HOUSEHOLD SIZE

2016 AVG. HOUSEHOLD INCOME

849,512

0.65%

30

LUCRUM GROUP | KW FORWARD LIVING

877,389

37.00

823,318

3.07

0.50%

$105,062

MOORPARK, CALIFORNIA OVERVIEW Founded in 1900 The City of Moorpark is located within Ventura County. The city stretches over 12.44 miles. The City of Moorpark is known for its scenic mountain views, temperate climate, western charm, upscale residential neighborhoods, strong schools, and outstanding colleges. For decades Moorpark has been recognized as a center for agriculture as well as a home for several Fortune 500 companies.

QUICK FACTS • Student & Faculty = ±19,000 • Voted # 4 Community College in Nation • 1,500 Courses Offered • Opened in 1967 : 150 Acres Campus • 15 Buildings, Football Stadium, Track, Athletic Facilities, & Exotic Animal Compound/ Observatory • Two Full Semesters/Yr (Fall & Spring) + Summer Session (May-August)

2016 ESTIMATED POPULATON

2021 PROJECTED POPULATON

2016 MEDIAN AGE

2016 ESTIMATED HOUSEHOLDS

2016 AVG. HOUSEHOLD INCOME

2016 EST. DAYTIME EMPLOYMENT

36,241

10,949

37,776

$124,186

35.60

12,427

MOORPARK CAMPUS PLAZA | MOORPARK, CA

31

MOORPARK COLLEGE OVERVIEW Moorpark College was opened in 1967. Over the past five decades the college has grown tremendously to its current 150 acre campus which includes 15 academic buildings, a football & track stadium, athletic facilities, and an exotic animal compound/observatory. Moorpark College is consistently recognized as a premier Community College, in 2014 Moorpark College was voted the #4 Community College in the Nation. Moorpark College reported 18,350 registered students and Âą650 staff members (FY 2013-2014). The college offers four semesters: Fall/Spring, as well as Winter/Summer intersessions. Moorpark College is located immediately adjacent the Moorpark Campus Plaza (subject property). The large student/faculty population provide a steady customer pool for the shopping center tenants.

MOORPARK COLLEGE: MOORPARK, CA

32

LUCRUM GROUP | KW FORWARD LIVING

CITY OF MOORPARK DEVELOPMENT PLAN MOORPARK CAMPUS PLAZA

MOORPARK CAMPUS PLAZA | MOORPARK, CA

33

OS-1 ZONING = OPEN SPACE DEVELOPMENT RESTRICTED

MOORPARK COLLEGE ±19,000 Students & Facul ty

Avg. HH Income of $112,235 3 Mile Radius

LLI CO

VH ZONING = VERY HIGH DENSITY RESIDENTIAL

NS

DR

CAMPUS DR

±88,00 VPD* Collins Drive & 118 FWY *source:CalTrans

34

LUCRUM GROUP | KW FORWARD LIVING

MOORPARK CAMPUS PLAZA | MOORPARK, CA

35

DEMOG RA PHI C R E P O RT

POPULATION

INCOME 1 MILE

3 MILES

5 MILES

1 MILE

3 MILES

5 MILES

2016 POPULATION - CURRENT YEAR ESTIMATE

5,685

24,941

86,638

2016 HOUSEHOLDS

1,837

7,508

28,340

2021 POPULATION - FIVE YEAR PROJECTION

5,778

26,131

89,706

UNDER $15,000

68

380

1,430

2010 POPULATION - CENSUS

5,660

23,446

83,527

$15,000-$24,999

53

334

1,296

2000 POPULATION - CENSUS

5,857

20,595

76,077

$25,000-$34,999

70

336

1,297

2010-2016 ANN. POPULATION GROWTH RATE

0.07%

0.99%

0.59%

$35,000-$49,999

128

598

2,232

2016-2021 ANN. POPULATION GROWTH RATE

0.33%

0.94%

0.70%

$50,000-$74,999

353

1,183

3,879

2016 MEDIAN AGE

36.90

34.60

38.00

$75,000-$99,999

437

1,239

4,137

2016 EMPLOYEES

1,566

13,433

38,883

$100,000-$149,999

409

1,825

6,216

$150,000-$199,999

173

826

3,506

$200,000 AND OVER

146

788

4,347

2016 AVERAGE HOUSEHOLD INCOME

$106,596

$112,235

$127,985

2021 AVERAGE HOUSEHOLD INCOME

$115,950

$120,834

$138,245

HOUSEHOLDS 1 MILE

3 MILES

5 MILES

2016 HOUSEHOLDS - CURRENT YEAR EST.

1,837

7,508

28,340

2021 HOUSEHOLDS - FIVE YEAR PROJECTION

1,858

7,824

29,233

2010 HOUSEHOLDS - CENSUS

1,842

7,128

27,514

2000 HOUSEHOLDS - CENSUS

1,866

5,949

24,207

2010-2016 ANN. HOUSEHOLD GROWTH RATE

-0.04%

0.83%

0.47%

2016-2021 ANN. HOUSEHOLD GROWTH RATE

0.23%

0.83%

0.62%

3.09

3.32

3.05

2016 AVERAGE HOUSEHOLD SIZE

36

LUCRUM GROUP | KW FORWARD LIVING

2016 MEDIAN HOUSEHOLD INCOME

$86,743

$92,121

$99,205

2021 MEDIAN HOUSEHOLD INCOME

$95,046

$101,004

$106,692

2016 PER CAPITA INCOME

$34,507

$33,628

$41,866

2021 PER CAPITA INCOME

$37,333

$36,018

$45,037

MOORPARK CAMPUS PLAZA | MOORPARK, CA

37

INVESTMENT CONTACTS Ray Rodriguez Principal D: +1 818-657-6513 M: +1 818-581-5829 Ray@email.com Lic. #01402283 Mathew Freedman Principal D: +1 818-657-6500 M: +1 818-585-6888 Matt@email.com Lic. #01487954 Rayhaneh Rezai Associate D: +1 818-657-6500 M: +1 310-985-5189 Rayhaneh@email.com Lic. #01772734 Scotty Weisstein Associate D: +1 818-657-6514 M: +1 818-205-8847 Scotty@email.com Lic. #01483264 Andrew Geltman Associate D: +1 818-657-6500 M: +1 818-357-1275 Andrew@email.com Lic. #02013948