Commercial Real Estate BOV Template

Page 1

OPINION OF MARKET VALUE ANALYSIS

John Doe Vice President 555.555.5555 jdoe@brokerdesignstudio.com

508 RUSTIC RANCH ROAD

John Doe Vice President 555.555.5555 jdoe@brokerdesignstudio.com

IRVINE

CA

John Doe Vice President 555.555.5555 jdoe@brokerdesignstudio.com



508 RUSTIC RANCH ROAD IRVINE

CA

2ND QUARTER 2016 Prepared For: John Doe Doe Enterprises

Prepared By:

Name Phone Number

Title Email Address

Name Phone Number

Title Email Address

Name Phone Number

Title Email Address

Street Address Suite # City State Office Number Fax Number License #

BrokerDesginStudio.com

Zip


TABLE OF CONTENTS OVERVIEW Executive Summary. . . . . . . . . . . . . . . . . . . . . . . 2 Recent Experience / Similar Area Assignments . . . . . . . . .3 Property History. . . . . . . . . . . . . . . . . . . . . . . . . 4 Building Summary . . . . . . . . . . . . . . . . . . . . . . . .4 Location . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Strengths & Challenges. . . . . . . . . . . . . . . . . . . . . 5 Opinion of Value . . . . . . . . . . . . . . . . . . . . . . . . .6 Marketing Expense Budget . . . . . . . . . . . . . . . . . . . 6 Recommendations Prior to Sale. . . . . . . . . . . . . . . . .6 PROPERTY ANALYSIS Aerial Photo . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Site Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Parcel Map. . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Local Map . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Area Map. . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Regional Map . . . . . . . . . . . . . . . . . . . . . . . . . 13 Demographics . . . . . . . . . . . . . . . . . . . . . . . . . 14 Average Household Income Map . . . . . . . . . . . . . . . 15 Population Density Map. . . . . . . . . . . . . . . . . . . . 15 Lease Comparables . . . . . . . . . . . . . . . . . . . . . . 16 Lease Comparables Map . . . . . . . . . . . . . . . . . . . 19 Most Recent Lease Deals . . . . . . . . . . . . . . . . . . . 20 Sales Comparables . . . . . . . . . . . . . . . . . . . . . . 21 FINANCIALS Existing Financing . . . . . . . . . . . . . . . . . . . . . . . 23 Proposed Financing Summary. . . . . . . . . . . . . . . . . 23 Gross Sales Volume Report . . . . . . . . . . . . . . . . . . 25 Rent Roll . . . . . . . . . . . . . . . . . . . . . . . . . . . 26


Option Terms. . . . . . . . . . . . . . . . . . . . . . . . . . 27 Co-Tenancy Summary . . . . . . . . . . . . . . . . . . . . . 27 Lease Expiration Schedule. . . . . . . . . . . . . . . . . . . 28 Leasing Analysis. . . . . . . . . . . . . . . . . . . . . . . . 29 Leasing Timetable . . . . . . . . . . . . . . . . . . . . . . . 29 Net Operating Income Analysis . . . . . . . . . . . . . . . . 31 Projected Annualized Rent Schedule . . . . . . . . . . . . . 33 Assumptions and Methodology of Cash Flow . . . . . . . . . 34 Schedule of Prospective Cash Flow. . . . . . . . . . . . . . 36 Schedule of Expense Reimbursement Revenue. . . . . . . . 39 Prospective Present Value. . . . . . . . . . . . . . . . . . . 41 Offering and Pricing Summary. . . . . . . . . . . . . . . . . 43 Pricing and Return Matrix . . . . . . . . . . . . . . . . . . . 45 Real Property Tax Calculations . . . . . . . . . . . . . . . . 47 MARKETING TEAM Team Members. . . . . . . . . . . . . . . . . . . . . . . . . 50 Organizational Chart. . . . . . . . . . . . . . . . . . . . . . 52 Career Highlights. . . . . . . . . . . . . . . . . . . . . . . . 53 Client References . . . . . . . . . . . . . . . . . . . . . . . 54 Client Summary List . . . . . . . . . . . . . . . . . . . . . . 55 Resume . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 MARKETING PROGRAM Selling Approach. . . . . . . . . . . . . . . . . . . . . . . . 62 Accessing Local, National, and International Investors . . . . 63 Marketing Strategy. . . . . . . . . . . . . . . . . . . . . . . 64 Detailed Marketing Plan . . . . . . . . . . . . . . . . . . . . 66 COMPANY INFORMATION Services Described. . . . . . . . . . . . . . . . . . . . . . . 68 Company Experience . . . . . . . . . . . . . . . . . . . . . 69 About The Company. . . . . . . . . . . . . . . . . . . . . . 70 National Offices . . . . . . . . . . . . . . . . . . . . . . . . 71



OVERVIEW

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

1

508 RUSTIC RANCH ROAD

IRVINE

CA


EXECUTIVE SUMMARY Property Overview Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor simolorum qui doluptatest pre dem alit dolorem comni tempor magnam, consequo que versped minis dolupta temperit fugit aligendella velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Ellat fugiat. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus.

Marketing Materials / Dedicated Website catium aut eum re pra porum ulpa nos dolorrorit est utemped ut endiciam faccuptis et moloriti omnisquis pe exerro officiam nullandest eat. velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Ellat fugiat. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus. Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor simolorum qui doluptatest pre dem alit dolorem comni tempor . Broker Cooperation catium aut eum re pra porum ulpa nos dolorrorit est utemped ut endiciam faccuptis et moloriti omnisquis pe exerro officiam nullandest eat. velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Ellat fugiat. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus. Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor simolorum qui doluptatest pre dem alit dolorem comni tempor.

Marketing Objective que versped minis dolupta temperit fugit aligendella velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Ellat fugiat. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus. Marketing Team catium aut eum re pra porum ulpa nos dolorrorit est utemped ut endiciam faccuptis et moloriti omnisquis pe exerro officiam nullandest eat. velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Ellat fugiat. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus. Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor simolorum qui doluptatest pre dem alit dolorem comni tempor

Exposure catium aut eum re pra porum ulpa nos dolorrorit est utemped ut endiciam faccuptis et moloriti omnisquis pe exerro officiam nullandest eat. velistio qui dolor se dem. Xerume veliasp elecus ad mollor. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus. Namusdant, in eos ut lab ipsam conet ad Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus

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• Description of text here. BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

2

508 RUSTIC RANCH ROAD

IRVINE

CA


RECENT EXPERIENCE SIMILAR AREA ASSIGNMENTS Property Name

Property Name

Address, City, State

Address, City, State

Size:

000,000 SF

Size:

000,000 SF

Price:

$00,000,000 / $000.00 PSF

Price:

$00,000,000 / $000.00 PSF

Year Sold: 2012

Year Sold: 2012

Seller:

Seller:

Name

Name

Property Name

Property Name

Address, City, State

Address, City, State

Size:

000,000 SF

Size:

000,000 SF

Price:

$00,000,000 / $000.00 PSF

Price:

$00,000,000 / $000.00 PSF

Year Sold: 2012

Year Sold: 2012

Seller:

Seller:

Name

Name

Property Name

Property Name

Address, City, State

Address, City, State

Size:

000,000 SF

Size:

000,000 SF

Price:

$00,000,000 / $000.00 PSF

Price:

$00,000,000 / $000.00 PSF

Year Sold: 2012

Year Sold: 2012

Seller:

Seller:

Name

Name

Property Name

Property Name

Address, City, State

Address, City, State

Size:

000,000 SF

Size:

000,000 SF

Price:

$00,000,000 / $000.00 PSF

Price:

$00,000,000 / $000.00 PSF

Year Sold: 2012

Year Sold: 2012

Seller:

Seller:

Name

Name

Property Name

Property Name

Address, City, State

Address, City, State

Size:

000,000 SF

Size:

000,000 SF

Price:

$00,000,000 / $000.00 PSF

Price:

$00,000,000 / $000.00 PSF

Year Sold: 2012

Year Sold: 2012

Seller:

Seller:

BROKER DESIGN STUDIO

Name OPINION OF MARKET VALUE ANALYSIS

3

508 RUSTIC RANCH ROAD

IRVINE

CA

Name


PROPERTY HISTORY Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor simolorum qui doluptatest pre dem alit dolorem comni tempor magnam, consequo que versped minis dolupta temperit fugit aligendella velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Ellat fugiat. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus.

qui. Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor simolorum qui. Drive Times Location 1: Location 2: Location 3: Location 4:

BUILDING SUMMARY

00 minutes 00 minutes 00 minutes 00 minutes

Traffic Counts (2015) Street Name

Property Description que versped minis dolupta temperit fugit aligendella velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Ellat fugiat. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus.

0,000

Environmental Report catium aut eum re pra porum ulpa nos dolorrorit est utemped ut endiciam faccuptis et moloriti omnisquis pe exerro officiam nullandest eat. velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus.

LOCATION Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor simolorum qui doluptatest pre dem. Freeway Accessibility tem quaepud ipsandus, ad modit demperectur? Catia quatur? Sande optatur asimil is intorro ex et audandi aritis aut aut offictae vollam qui occus nos as ditemped qui adi tem. Ur, se ium consequi conseque eliqui voluptiunt ius. Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor simolorum BROKER DESIGN STUDIO

0.0 miles 0.0 miles 0.0 miles 0.0 miles

OPINION OF MARKET VALUE ANALYSIS

4

508 RUSTIC RANCH ROAD

IRVINE

CA

+/- ADT

(Source: Source Name)


STRENGTHS & CHALLENGES Strengths • Description of text here. Add new rows if needed or delete rows not used if needed.

Challenges • Description of text here. Add new rows if needed or delete rows not used if needed.

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BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

5

508 RUSTIC RANCH ROAD

IRVINE

CA


OPINION OF VALUE OPINION OF VALUE

$ PRICE

$ PSF

EXISTING CAP RATE

PRO FORMA CAP RATE

CAP RATE AT MARKET

Upper Range

$00,000,000

$000.00

0.00%

0.00%

0.00%

Lower Range

$00,000,000

$000.00

0.00%

0.00%

0.00%

MARKETING EXPENSE BUDGET que versped minis dolupta temperit fugit aligendella velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Ellat fugiat. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus. tem quaepud ipsandus, ad modit demperectur? Catia quatur? Sande optatur asimil is intorro ex et audandi aritis aut aut offictae vollam qui occus nos as ditemped qui adi tem. Ur, se ium consequi conseque eliqui voluptiunt ius. Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor simolorum qui. Namusdant, • Description of text here. Add new rows if needed or delete rows not used if needed. • Description of text here. Add new rows if needed or delete rows not used if needed. • Description of text here. Add new rows if needed or delete rows not used if needed. • Description of text here. Add new rows if needed or delete rows not used if needed.

RECOMMENDATIONS PRIOR TO SALE que versped minis dolupta temperit fugit aligendella velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Ellat fugiat. Occum que ipidest, audi occus dem ium, qui volutem oditemoditia sunt la sequae nus. tem quaepud ipsandus, ad modit demperectur? Catia quatur? Sande optatur asimil is intorro ex et audandi aritis aut aut offictae vollam qui occus nos as ditemped qui adi tem. Ur, se ium consequi conseque eliqui voluptiunt ius. Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor simolorum qui. Namusdant, • Description of text here. Add new rows if needed or delete rows not used if needed. • Description of text here. Add new rows if needed or delete rows not used if needed. • Description of text here. Add new rows if needed or delete rows not used if needed. • Description of text here. Add new rows if needed or delete rows not used if needed. BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

6

508 RUSTIC RANCH ROAD

IRVINE

CA


BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

7

508 RUSTIC RANCH ROAD

IRVINE

CA


PROPERTY ANALYSIS

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

8

508 RUSTIC RANCH ROAD

IRVINE

CA


AERIAL PHOTO

SUBJECT PROPERTY

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

9

508 RUSTIC RANCH ROAD

IRVINE

CA


SITE PLAN

Property

Vacant BROKER DESIGN STUDIO

Not A Part (NAP)

OPINION OF MARKET VALUE ANALYSIS

10

508 RUSTIC RANCH ROAD

IRVINE

CA


PARCEL MAP

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

11

508 RUSTIC RANCH ROAD

IRVINE

CA


LOCAL MAP

AREA MAP

SUBJECT PROPERTY

SUBJECT PROPERTY

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

12

508 RUSTIC RANCH ROAD

IRVINE

CA


REGIONAL MAP

SUBJECT PROPERTY

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

13

508 RUSTIC RANCH ROAD

IRVINE

CA


DEMOGRAPHICS 1 MILE 0 0 0 0 0.0%

3 MILE 0 0 0 0 0.0%

5 MILE 0 0 0 0 0.0%

2010 Population by Race/Ethnicity Total White Alone Black Alone American Indian, Eskimo, or Aleut Alone Asian or Pacific Islander Alone Some Other Race Alone Two or More Races Hispanic Origin

0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

2015 Population by Race/Ethnicity Total White Alone Black Alone American Indian, Eskimo, or Aleut Alone Asian or Pacific Islander Alone Some Other Race Alone Two or More Races Hispanic Origin

0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

2019 Population by Race/Ethnicity Total White Alone Black Alone American Indian, Eskimo, or Aleut Alone Asian or Pacific Islander Alone Some Other Race Alone Two or More Races Hispanic Origin

0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

2010 Households by Income Average Household Income

$0

$0

$0

2015 Households by Income Average Household Income

$0

$0

$0

2019 Households by Income Average Household Income

2010 Total Population 2014 Group Quarters 2015 Total Population 2019 Total Population 2014 - 2019 Annual Rate

$0

$0

$

Median Household Income 2010 2014 2019

$ $ $

$ $ $

$ $ $

Per Capita Income 2010 2015 2019

$ $ $

$ $ $

$ $ $

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

Median Age 2010 2015 2019 BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

14

508 RUSTIC RANCH ROAD

IRVINE

CA


AVERAGE HOUSEHOLD INCOME MAP

POPULATION DENSITY MAP

SUBJECT PROPERTY

SUBJECT PROPERTY

1 Mile

1 Mile

3 Miles

3 Miles

5 Miles

5 Miles

AVERAGE HOUSEHOLD INCOME

POPULATION DENSITY

High (Above 000,000)

High (Above 000,000)

Above Average (00,000 to 000,000)

Above Average (00,000 to 000,000)

Average (00,000 to 00,000)

Average (00,000 to 00,000)

Below Average (00,000 to 00,000)

Below Average (00,000 to 00,000)

Low (Below 00,000)

Low (Below 00,000)

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

15

508 RUSTIC RANCH ROAD

IRVINE

CA


LEASE COMPARABLES

SUBJECT

PROPERTY

1

2

3

4

5

6

PHOTO

Property Name Street Address City, State

TOTAL NRA / AVAIL NRA

VACANCY RATE

RATE / SQ.FT

LEASE TYPE

PARK RATIO / YEAR BUILT

MAJOR TENANTS / COMMENTS

0

0.0%

$0.00

NNN

0.00:0,000

Tenant Names Here

0

Property Name Street Address City, State

2000 1 Mile

3 Mile

Population:

0,000

0,000

5 Mile 0,000

Avg HH Income:

$0,000

$0,000

$0,000

0

0.0%

$0.00

NNN

0.00:0,000

0

Property Name Street Address City, State

2000 1 Mile

3 Mile

Population:

0,000

0,000

5 Mile 0,000

Avg HH Income:

$0,000

$0,000

$0,000

0

0.0%

$0.00

NNN

0.00:0,000

0

Property Name Street Address City, State

1 Mile

3 Mile

5 Mile

Population:

0,000

0,000

0,000

Avg HH Income:

$0,000

$0,000

$0,000

0

0.0%

$0.00

NNN

0.00:0,000

1 Mile

3 Mile

5 Mile

Population:

0,000

0,000

0,000

Avg HH Income:

$0,000

$0,000

$0,000

0

0.0%

$0.00

NNN

0.00:0,000

1 Mile

3 Mile

5 Mile

Population:

0,000

0,000

0,000

Avg HH Income:

$0,000

$0,000

$0,000

0

0.0%

$0.00

NNN

1 Mile

3 Mile

5 Mile

Population:

0,000

0,000

0,000

Avg HH Income:

$0,000

$0,000

$0,000

0

0.0%

$0.00

NNN

1 Mile

3 Mile

5 Mile

Population:

0,000

0,000

0,000

Avg HH Income:

$0,000

$0,000

$0,000

0.00:0,000

Tenant Names Here

2000

0.00:0,000

0

BROKER DESIGN STUDIO

Tenant Names Here

2000

0

Property Name Street Address City, State

Tenant Names Here

2000

0

Property Name Street Address City, State

Tenant Names Here

2000

0

Property Name Street Address City, State

Tenant Names Here

2000

OPINION OF MARKET VALUE ANALYSIS

16

508 RUSTIC RANCH ROAD

IRVINE

CA

Tenant Names Here


LEASE COMPARABLES (CONTINUED) PROPERTY 7

8

9

10

11

12

PHOTO

Property Name Street Address City, State

TOTAL NRA / AVAIL NRA

VACANCY RATE

RATE / SQ.FT

LEASE TYPE

PARK RATIO / YEAR BUILT

MAJOR TENANTS / COMMENTS

0

0.0%

$0.00

NNN

0.00:0,000

Tenant Names Here

0

Property Name Street Address City, State

2000 1 Mile

3 Mile

Population:

0,000

0,000

5 Mile 0,000

Avg HH Income:

$0,000

$0,000

$0,000

0

0.0%

$0.00

NNN

0.00:0,000

0

Property Name Street Address City, State

2000 1 Mile

3 Mile

Population:

0,000

0,000

5 Mile 0,000

Avg HH Income:

$0,000

$0,000

$0,000

0

0.0%

$0.00

NNN

0.00:0,000

0

Property Name Street Address City, State

1 Mile

3 Mile

5 Mile

Population:

0,000

0,000

0,000

Avg HH Income:

$0,000

$0,000

$0,000

0

0.0%

$0.00

NNN

0.00:0,000

1 Mile

3 Mile

5 Mile

Population:

0,000

0,000

0,000

Avg HH Income:

$0,000

$0,000

$0,000

0

0.0%

$0.00

NNN

0.00:0,000

Tenant Names Here

2000 1 Mile

3 Mile

5 Mile

Population:

0,000

0,000

0,000

Avg HH Income:

$0,000

$0,000

$0,000

0

0.0%

$0.00

NNN

1 Mile

3 Mile

5 Mile

Population:

0,000

0,000

0,000

Avg HH Income:

$0,000

$0,000

$0,000

0.00:0,000

0

BROKER DESIGN STUDIO

Tenant Names Here

2000

0

Property Name Street Address City, State

Tenant Names Here

2000

0

Property Name Street Address City, State

Tenant Names Here

2000

OPINION OF MARKET VALUE ANALYSIS

17

508 RUSTIC RANCH ROAD

IRVINE

CA

Tenant Names Here


LEASE COMPARABLES (CONTINUED) PROPERTY

RATE/SF

VACANCY RATE

SUBJECT

$00.00

0.00%

1

Property Name

$00.00

0.00%

2

Property Name

$00.00

0.00%

3

Property Name

$00.00

0.00%

4

Property Name

$00.00

0.00%

5

Property Name

$00.00

0.00%

6

Property Name

$00.00

0.00%

7

Property Name

$00.00

0.00%

8

Property Name

$00.00

0.00%

9

Property Name

$00.00

0.00%

10

Property Name

$00.00

0.00%

11

Property Name

$00.00

0.00%

12

Property Name

$00.00

0.00%

$00.00

0.00%

COMPARABLES AVERAGE

Rate/SF

Vacancy Rate

$30.00

60.00%

$25.00

50.00%

$20.00

$00.00

$00.00

$00.00

$00.00

$00.00

$00.00

$00.00

$00.00

$00.00

$00.00

$00.00

$00.00

$00.00

$00.00

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

$15.00

40.00%

30.00%

$10.00

20.00%

$5.00

10.00%

$0.00

Subject

Property Name

Property Name

Property Name

BROKER DESIGN STUDIO

Property Name

Property Name

Property Name

OPINION OF MARKET VALUE ANALYSIS

Property Name 18

Property Name

Property Name

508 RUSTIC RANCH ROAD

Property Name

IRVINE

CA

Property Name

Property Name

Comparable Average

0.00%


LEASE COMPARABLES MAP

1 2 3 4 5 6 7 8 9 10 11 12

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

19

508 RUSTIC RANCH ROAD

IRVINE

CA


MOST RECENT LEASE DEALS

AVERAGE SHOPS LEASE RATES Year

RATE

2011

$00.00

2012

$00.00

2013

$00.00

2014

$00.00

2015

$00.00

WEIGHTED AVERAGE:

$00.00

Excludes all Tenants above 10,000 sq. ft. BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

20

508 RUSTIC RANCH ROAD

IRVINE

CA


SALES COMPARABLES SALE PRICE $

TERMS

TOTAL NRA

PRICE / NRA

CAP RATE

CASH FLOW

YEAR BUILT

COE

Property Name Street Address City, State

$00,000,000

All Cash

00,000

$000.00

00.00%

$0,000,000

2000

Mo - Yr

Tenant Names

1

Property Name Street Address City, State

$00,000,000

All Cash

00,000

$000.00

00.00%

$0,000,000

2000

Mo - Yr

Tenant Names

2

Property Name Street Address City, State

$00,000,000

All Cash

00,000

$000.00

00.00%

$0,000,000

2000

Mo - Yr

Tenant Names

3

Property Name Street Address City, State

$00,000,000

All Cash

00,000

$000.00

00.00%

$0,000,000

2000

Mo - Yr

Tenant Names

4

Property Name Street Address City, State

$00,000,000

All Cash

00,000

$000.00

00.00%

$0,000,000

2000

Mo - Yr

Tenant Names

5

Property Name Street Address City, State

$00,000,000

All Cash

00,000

$000.00

00.00%

$0,000,000

2000

Mo - Yr

Tenant Names

5

Property Name Street Address City, State

$00,000,000

All Cash

00,000

$000.00

00.00%

$0,000,000

2000

Mo - Yr

Tenant Names

6

Property Name Street Address City, State

$00,000,000

All Cash

00,000

$000.00

00.00%

$0,000,000

2000

Mo - Yr

Tenant Names

7

Property Name Street Address City, State

$00,000,000

All Cash

00,000

$000.00

00.00%

$0,000,000

2000

Mo - Yr

Tenant Names

8

Property Name Street Address City, State

$00,000,000

All Cash

00,000

$000.00

00.00%

$0,000,000

2000

Mo - Yr

Tenant Names

SUBJECT

PROPERTY

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

21

508 RUSTIC RANCH ROAD

IRVINE

CA

COMMENTS


FINANCIALS

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

22

508 RUSTIC RANCH ROAD

IRVINE

CA


EXISTING FINANCING Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, num evel jerrif, ufg tosi hpi.

PROPOSED FINANCING SUMMARY Loan Amount:

Description

Commencement:

Description

Interest Rate:

0.00%

Debt Constant:

0.00%

Amortization:

Description

Term:

Description

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

23

508 RUSTIC RANCH ROAD

IRVINE

CA


BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

24

508 RUSTIC RANCH ROAD

IRVINE

CA


GROSS SALES VOLUME REPORT

TENANT

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

MAY

JUN

JUL

TOTALS

% SALES CHANGE PER OVER SQ.FT. PRIOR YR.

TOTAL RENT AS % OF SALES

Tenant Name - Unit # - 0,000 sf. 2015

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2014

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2013

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

Tenant Name - Unit # - 0,000 sf. 2015

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2014

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2013

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

Tenant Name - Unit # - 0,000 sf. 2015

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2014

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2013

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

Tenant Name - Unit # - 0,000 sf. 2015

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2014

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2013

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

Tenant Name - Unit # - 0,000 sf. 2015

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2014

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2013

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

Tenant Name - Unit # - 0,000 sf. 2015

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2014

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2013

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

Tenant Name - Unit # - 0,000 sf. 2015

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2014

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2013

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

Tenant Name - Unit # - 0,000 sf. 2015

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2014

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

2013

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

$00,000,000

$000

0.0%

0.0%

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

25

508 RUSTIC RANCH ROAD

IRVINE

CA


RENT ROLL SQ. FT.

LEASE COMMENCEMENT

LEASE EXPIRATION

ANNUAL RENT

ANNUAL RENT PER SQ. FT.

RENTAL INCREASES

ADJUSTED ANNUAL RENT PER SQ. FT.

SUITE

TENANT

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

26

508 RUSTIC RANCH ROAD

IRVINE

CA


RENT ROLL (CONTINUED) SQ. FT.

LEASE COMMENCEMENT

LEASE EXPIRATION

ANNUAL RENT

ANNUAL RENT PER SQ. FT.

RENTAL INCREASES

ADJUSTED ANNUAL RENT PER SQ. FT.

SUITE

TENANT

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

#

Tenant Name

0,000

Month-16

Month-16

$000,000

$00.00

$00.00 at Month-16

$00.00

Total

00,000

% of Total

Available

0,000

0.0%

00,000

00.0%

Leased (Total)

(1)

Description line of text will be placed here. Any lines not used should be deleted from this table.

(2)

Description line of text will be placed here. Any lines not used should be deleted from this table.

(3)

Description line of text will be placed here. Any lines not used should be deleted from this table.

(4)

Description line of text will be placed here. Any lines not used should be deleted from this table.

(5)

Description line of text will be placed here. Any lines not used should be deleted from this table.

OPTION TERMS SUITE

TENANT NAME

SQ. FT.

OPTIONS

#

Tenant Name

0,000

Description

#

Tenant Name

0,000

Description

#

Tenant Name

0,000

Description

SQ. FT.

OPTIONS

CO-TENANCY SUMMARY SUITE

TENANT NAME

#

Tenant Name

0,000

Description

#

Tenant Name

0,000

Description

#

Tenant Name

0,000

Description

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

27

508 RUSTIC RANCH ROAD

IRVINE

CA


LEASE EXPIRATION SCHEDULE YEAR 1 JUN-2017

YEAR 2 JUN-2018

YEAR 3 JUN-2019

YEAR 4 JUN-2020

YEAR 5 JUN-2021

YEAR 6 JUN-2022

YEAR 7 JUN-2023

YEAR 8 JUN-2024

YEAR 9 JUN-2025

YEAR 10 JUN-2026

YEAR 11 JUN-2027

0

0

0

0

0

0

0

0

0

0

0

Square Feet Expiring

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

Percent of Total Property Size

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

Cumulative Percentage

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

FOR THE YEARS ENDING Total Number of Tenants

Percentage of Sq. Ft. Expiring

Cumulative % of Sq. Ft. Expiring

Number of Tenants Expiring

100.00%

9

90.00%

8

7

70.00%

6

60.00% 5 50.00% 4 40.00% 3 30.00% 2

20.00%

1

10.00%

0.00%

0 Year 1

Year 2

BROKER DESIGN STUDIO

Year 3

Year 4

Year 5

OPINION OF MARKET VALUE ANALYSIS

Year 6

28

Year 7

Year 8

508 RUSTIC RANCH ROAD

IRVINE

Year 9

CA

Year 10

Year 11

Number of Tenants

Percentage of Total Property Sq. Ft.

80.00%


LEASING ANALYSIS % Leased

# of Tenants 8

6.00%

7

5.00%

Percentage Leased

6 4.00%

0.00%

0.00%

0.00%

0.00%

0.00%

3.00%

5 4 3

2.00%

2 1.00% 0.00%

1 2011

2012

2013

2014

2015

0

LEASING TIMETABLE (Average Lease Rates for Shops between 2011 & 2015) Date: Average Lease Rate:

2011

2012

2013

2014

2015

Lease Rate Variance

$0.00

$0.00

$0.00

$0.00

$0.00

0.00%

$0.00

Average Lease Rates

$0.00 $0.00 $0.00 $0.00 $0.00

$0.00

$0.00

$0.00

$0.00

$0.00

2011

2012

2013

2014

2015

$0.00 $0.00 $0.00 $0.00

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

29

508 RUSTIC RANCH ROAD

IRVINE

CA


BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

30

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NET OPERATING INCOME ANALYSIS 2014 ACTUAL

2015 ACTUAL

2016/2017 BUDGET

Scheduled Base Rental Revenue

$0,000,000

$0,000,000

$0,000,000

$0,000,000 (1)

Expense Reimbursement Revenue

$0000,000

$0000,000

$0000,000

$0000,000 (2)

FOR THE YEARS ENDING

Signage Revenue Potential Gross Revenue Vacancy

2016 ACTUAL PRO FORMA

$0,000

$0,000

$0,000

$0,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0

$0

$0

($00,000)

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$000,000

$000,000

$000,000

$000,000 (3)

Insurance

$00,000

$00,000

$00,000

$00,000 (4)

Common Area Maintenance

$00,000

$00,000

$00,000

$00,000 (4)

Effective Gross Revenue Operating Expenses Real Estate Taxes

Management Fee Total Expenses Net Operating Income Reserves Cash Flow

$00,000

$00,000

$00,000

$00,000

$000,000

$000,000

$000,000

$000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0

$0

$0

$0,000,000

$0,000,000

$0,000,000

Notes To The Net Operating Income Analysis (1) Description line of text will be placed here. Any lines not used should be deleted from this table. (2) Description line of text will be placed here. Any lines not used should be deleted from this table. (3) Description line of text will be placed here. Any lines not used should be deleted from this table. (4) Description line of text will be placed here. Any lines not used should be deleted from this table. (5) Description line of text will be placed here. Any lines not used should be deleted from this table.

BROKER DESIGN STUDIO

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$0 (5) $0,000,000


BROKER DESIGN STUDIO

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PROJECTED ANNUALIZED RENT SCHEDULE SQ. FT.

LEASE EXP.

CURRENT MONTHLY RENT

APR 2016

MAY 2016

JUN 2016

JUL 2016

AUG 2016

SEP 2016

OCT 2016

NOV 2016

DEC 2016

JAN 2017

FEB 2017

MAR 2017

TOTAL

SUITE

TENANT

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

Tenant Name

0,000

Mo-Yr

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

#

AVAILABLE

0,000

N/A

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTALS:

0,000

$00,000

FONT COLOR

TYPE OF RENT

TOTALS

PERCENTAGE OF TOTAL INCOME

Gray Type

Current Rent

$00,000.00

00.00%

Green Type

Increased Rent

$00,000.00

00.00%

Red Type

Expired Rent

$00,000.00

00.00%

Blue Type

Current Vacancy

$00,000.00

00.00%

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

$00,000

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ASSUMPTIONS AND METHODOLOGY OF CASH FLOW Analysis Period:

Description line of text will be placed here. Any lines not used should be deleted from this table.

Base Rental Revenue:

Description line of text will be placed here. Any lines not used should be deleted from this table.

Absorption and Turnover Vacancy:

Description line of text will be placed here. Any lines not used should be deleted from this table.

Market Leasing Assumptions:

Description line of text will be placed here. Any lines not used should be deleted from this table.

Market Rent:

Description line of text will be placed here. Any lines not used should be deleted from this table.

Total Reimbursement Revenue:

Description line of text will be placed here. Any lines not used should be deleted from this table.

General Vacancy:

Description line of text will be placed here. Any lines not used should be deleted from this table.

Total Operating Expenses:

Description line of text will be placed here. Any lines not used should be deleted from this table.

Total Leasing and Capital Costs:

Description line of text will be placed here. Any lines not used should be deleted from this table.

BROKER DESIGN STUDIO

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ASSUMPTIONS AND METHODOLOGY OF CASH FLOW (CONTINUED) RENEWAL PROBABILITY

MARKET RENT

RENEWAL RENT

TENANT IMPROVEMENTS

LEASING COMMISSIONS

RENEWAL TERM (YEARS)

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

Tenant Name

$00.00

$00.00

$00.00

$00.00

$00.00

1

TENANT

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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SCHEDULE OF PROSPECTIVE CASH FLOW In Inflated Dollars for the Fiscal Year Beginning 00/00/2016 YEAR 1 MAY-2017

YEAR 2 MAY-2018

YEAR 3 MAY-2019

YEAR 4 MAY-2020

YEAR 5 MAY-2021

YEAR 6 MAY-2022

YEAR 7 MAY-2023

YEAR 8 MAY-2024

YEAR 9 MAY-2025

YEAR 10 MAY-2026

YEAR 11 MAY-2027

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

Absorption & Turnover Vacancy

($00,000)

($00,000)

($00,000)

($00,000)

($00,000)

($00,000)

($00,000)

($00,000)

($00,000)

($00,000)

($00,000)

Scheduled Base Rental Revenue

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

Insurance

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

Common Area Maintenance

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

Management Fee

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

Total Reimbursement Revenue

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

(00,000)

(00,000)

(00,000)

(00,000)

(00,000)

(00,000)

(00,000)

(00,000)

(00,000)

(00,000)

(00,000)

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

Insurance

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

Common Area Maintenance

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

Management Fee

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

Tenant Improvements

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

Leasing Commissions

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

Reserves

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

TOTAL LEASING & CAPITAL COSTS

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

0,000

CASH FLOW Before DEBT SERVICE

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

FOR THE YEARS ENDING Potential Gross Revenue Base Rental Revenue

Expense Reimbursement Revenue Real Estate Taxes

SIGNAGE INCOME TOTAL POTENTIAL GROSS REVENUE General Vacancy EFFECTIVE GROSS REVENUE OPERATING EXPENSES Real Estate Taxes

TOTAL OPERATING EXPENSES NET OPERATING INCOME LEASING & CAPITAL COSTS

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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SCHEDULE OF PROSPECTIVE CASH FLOW (CONTINUED) In Inflated Dollars for the Fiscal Year Beginning 00/00/2016 10-Year NOI Growth 1,400,000

1,200,000

1,000,000

800,000

600,000

400,000

200,000

-

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Average Annual Growth Rate:

Year 10

Year 11

2.60%

10 Year Growth Rate:

25.96% BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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BROKER DESIGN STUDIO

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SCHEDULE OF EXPENSE REIMBURSEMENT REVENUE Fiscal Year Reimbursable Operating Expenses Adjusted for Actual Occupancy YEAR 1 MAY-2017

YEAR 2 MAY-2018

YEAR 3 MAY-2019

YEAR 4 MAY-2020

YEAR 5 MAY-2021

YEAR 6 MAY-2022

YEAR 7 MAY-2023

YEAR 8 MAY-2024

YEAR 9 MAY-2025

YEAR 10 MAY-2026

YEAR 11 MAY-2027

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

Insurance

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

Common Area Maintenance

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

Management Fee

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

FOR THE YEARS ENDING REIMBURSABLE EXPENSES Real Estate Taxes

TOTAL REIMBURSABLE EXPENSES EXPENSE REIMBURSEMENTS Real Estate Taxes

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

000,000

Insurance

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

Common Area Maintenance

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

Management Fee

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

00,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

$000,000

TOTAL EXPENSE REIMBURSEMENT

Expense Reimbursement Percentage 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

Year 1

Year 2

Year 3

Total Expenses

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Tenant Contributions BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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Year 10

Year 11


BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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PROSPECTIVE PRESENT VALUE Cash Flow After Debt Service plus Property Resale ANALYSIS FOR THE PERIOD YEAR ENDING

ANNUAL CASH FLOW

P.V. OF CASH FLOW @ 5.00%

P.V. OF CASH FLOW @ 5.25%

P.V. OF CASH FLOW @ 5.50%

P.V. OF CASH FLOW @ 5.75%

P.V. OF CASH FLOW @ 6.00%

P.V. OF CASH FLOW @ 6.25%

P.V. OF CASH FLOW @ 6.50%

P.V. OF CASH FLOW @ 6.75%

P.V. OF CASH FLOW @ 7.00%

Year 1

Month - Year

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

Year 2

Month - Year

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Year 3

Month - Year

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Year 4

Month - Year

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Year 5

Month - Year

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Year 6

Month - Year

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Year 7

Month - Year

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Year 8

Month - Year

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Year 9

Month - Year

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Year 10

Month - Year

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Year 11

Month - Year

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Total Cash Flow

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Property Resale @ 5.25% Cap Rate

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Total Property Present Value

00,000,000

00,000,000

00,000,000

00,000,000

00,000,000

00,000,000

00,000,000

00,000,000

00,000,000

Rounded to Thousands

00,000,000

00,000,000

00,000,000

00,000,000

00,000,000

00,000,000

00,000,000

00,000,000

00,000,000

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

Assured Income

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

Prospective Income

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

Prospective Property Resale

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

Per Square Foot Percentage Value Distribution

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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OFFERING AND PRICING SUMMARY $00,000,000 Recommended List Price:

0.00% Capitalization Rate (Actual Pro Forma) $000.00 Per Square Foot

$00,000,000 Anticipated Sales Price:

0.00% - 0.00% Capitalization Rate (Actual Pro Forma) $000.00 - $000.00 Per Square Foot

0.00% Direct

Broker Commission:

0.00% Co-Broker

Term of Broker Employment:

Number (#) Months

Imust, sa sam untur apiciendant. Seditatem essum invent laut qui cullori omnis desto ditae volorrum dolupta nis et, ommolore vollaborem volore dolore nimusam sapelendent facerrum illoreh entur? Qui nonecum veliquatetum estioria volut es mi, non rehende aut archictae susciatiusam ium quid ut et vellam, corero cus, non rem voloratur sitatum, autatur? Qui ius, optaesc iaepratiores dolor aut dignime idellor emporio sapeliqui sunt et voluptas cus, uta quis dolut alibus magnis voloressi volupta simagnam qui doluptasit peritatur, et mo endandem haruptatem doloremquo volorem sit od mi, te cus, temquis

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

exeruptatios aut et dianime eum explabo rporest, utem. Me conserum esectaquae estrunt pla quibus volorumque velessum res dolut velesequis iuntissimus dunt aut occuptaque con nullaciis aut asitae dellorrum dit et voluptatus essi optae voluptior sunt, con etur, ullandesti voloreptati beriandaest, necus, et re por sitia que parciendis magnita simodia estior magnimposEbitatur? Loristia nemporr umquamus et experibusdae volorest, sitia velestissit lab ipit, sequatu reritiori aut mo omnis ea coreriorem cuptate sitat expe

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BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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PRICING AND RETURN MATRIX As of January 00, 2016 PRICING MATRIX @ 0.00% - 0.00% CAPITALIZATION RATES Purchase Price

$00,000,000

$00,000,000

$00,000,000

$00,000,000

$00,000,000

$00,000,000

$00,000,000

$00,000,000

$00,000,000

Cash Flow

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

Capitalization Rate

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

Total Return

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

Unleveraged IRR

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

00.00%

PROPERTY PURCHASE PRICE @ $00,000,000 YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

YEAR 6

YEAR 7

YEAR 8

YEAR 9

YEAR 10

For the Years Ending

Month-Year

Month-Year

Month-Year

Month-Year

Month-Year

Month-Year

Month-Year

Month-Year

Month-Year

Month-Year

Net Operating Income

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

$0,000,000

Cash Flow

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Total Return

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

0,000,000

Cash Flow

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

Capitalization Rate

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

Unleveraged Annual IRR

00.00%

6-Year Average

Capitalization Rate

00.00%

Cash Flow

00.00%

10-Year Average

Capitalization Rate

00.00%

Cash Flow

00.00%

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

45

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BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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REAL PROPERTY TAX CALCULATIONS 2014 / 2015 TAX VALUE:

TOTAL CURRENT VALUE

PARCEL #

TENANTS

000-000-000 000-000-000

$00,000,000.00 SQFT

VALUE/SF

TOTAL VALUE

TOTAL TAXES

TAX RATE

Tenant Name

00,000

$000.00

$00,000,000.00

$000,000

0.00000%

Tenant Name

00,000

$000.00

$00,000,000.00

$000,000

0.00000%

TOTAL

$000,000

RE-ASSESSED TAX VALUE:

TOTAL ADJUSTED VALUE

PARCEL #

TENANTS

000-000-000 000-000-000

$00,000,000 SQFT

VALUE/SF

TOTAL VALUE

NEW TAXES

X TAX RATE

Tenant Name

00,000

$000.00

$00,000,000.00

$000,000

0.00000%

Tenant Name

00,000

$000.00

$00,000,000.00

$000,000

0.00000%

TOTAL

$000,000

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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INCREASE

$00,000

% INCREASE

00.00%

CA


BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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MARKETING TEAM

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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TEAM MEMBERS Name Description

Name Description

Name Description

Name Description

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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TEAM MEMBERS (CONTINUED) Name Description

Name Description

Name Description

Name Description

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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ORGANIZATIONAL CHART LEAD TEAM MEMBERS NAME - TITLE NAME - TITLE

CLIENT NAME / LOGO

MARKETING TEAM MEMBERS NAME NAME NAME NAME

-

TITLE TITLE TITLE TITLE

PRE - PRESENT - POST MARKETING NAME NAME NAME NAME

DUE DILIGENCE

-

TITLE TITLE TITLE TITLE

Offering Brochure Preparation

NAME - TITLE NAME - TITLE

Postcard Preparation Marketing Package Preparation

Title Review Preparation of Due Diligence Package

Preparation of internet Marketing

Preparation of Website

Distribution to Users, Investors & Developers Distribution to Brokerage Community Advertising Campaign Follow Up with Buyers Site Tours Preparation of Offers Response to Offers

MARKET RESEARCH

Contract Negotiation

NAME - TITLE NAME - TITLE

Transaction Management Coordination Close of Escrow

Submarket Analysis Lease Surveys / Sales Comparables Site Inspection

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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CAREER HIGHLIGHTS The Marketing Team Aggregate: • Description

Broker: • Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description • Description

Broker: • Description

• Description

• Description • Description

Broker: • Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description • Description

Broker: • Description • Description

Broker: • Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description

• Description

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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CLIENT REFERENCES Name, Title

Name, Title

Name, Title

Client Company Name

Client Company Name

Client Company Name

Street Address, Suite

Street Address, Suite

Street Address, Suite

City, State Zip

City, State Zip

City, State Zip

Phone Number

Phone Number

Phone Number

Name, Title

Name, Title

Name, Title

Client Company Name

Client Company Name

Client Company Name

Street Address, Suite

Street Address, Suite

Street Address, Suite

City, State Zip

City, State Zip

City, State Zip

Phone Number

Phone Number

Phone Number

Name, Title

Name, Title

Name, Title

Client Company Name

Client Company Name

Client Company Name

Street Address, Suite

Street Address, Suite

Street Address, Suite

City, State Zip

City, State Zip

City, State Zip

Phone Number

Phone Number

Phone Number

Name, Title

Name, Title

Name, Title

Client Company Name

Client Company Name

Client Company Name

Street Address, Suite

Street Address, Suite

Street Address, Suite

City, State Zip

City, State Zip

City, State Zip

Phone Number

Phone Number

Phone Number

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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CLIENT SUMMARY LIST

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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RESUME NAME TITLE Email:

brokeremail@companyname.com

Phone:

949.555.5555

Fax:

949.555.5555

Lic #:

00000000

Occupation • Description • Description

Education • Description • Description

Professional Experience Hit oditaese doluptas unt ex experem faccus rere pos et apelias itatur solo eos sum volorru ptatur aut aut digentem aspelig nihiliqui dolupid endis reped quo doluptio et, ut raestiaectus alicimet, to di dolut omnim accusap iendis ma sime derovid molorecto blam reicilique nobis dolore parchil ex es cusdam sequunt iuntin et aut harchitio. Tem que nos eosam volorem illent quam fugia dolessit a nobite eum restem esecaborerum con exceper itatus de volorestis doluptas doluptate nonsequ idenis elibus dolupturibus am quisitem endi nis ad ex eum aut minvelit il eos acipsam, secatia ssimi, nonsed eturitatium ad molupta net ius nimus, sequiberae. Awards & Affiliations • Description • Description • Description • Description • Description • Description

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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RESUME NAME TITLE Email:

brokeremail@companyname.com

Phone:

949.555.5555

Fax:

949.555.5555

Lic #:

00000000

Occupation • Description • Description

Education • Description • Description

Professional Experience Hit oditaese doluptas unt ex experem faccus rere pos et apelias itatur solo eos sum volorru ptatur aut aut digentem aspelig nihiliqui dolupid endis reped quo doluptio et, ut raestiaectus alicimet, to di dolut omnim accusap iendis ma sime derovid molorecto blam reicilique nobis dolore parchil ex es cusdam sequunt iuntin et aut harchitio. Tem que nos eosam volorem illent quam fugia dolessit a nobite eum restem esecaborerum con exceper itatus de volorestis doluptas doluptate nonsequ idenis elibus dolupturibus am quisitem endi nis ad ex eum aut Partial Client List • Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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RESUME NAME TITLE Email:

brokeremail@companyname.com

Phone:

949.555.5555

Fax:

949.555.5555

Lic #:

00000000

Occupation • Description • Description

Education • Description • Description

Professional Experience Hit oditaese doluptas unt ex experem faccus rere pos et apelias itatur solo eos sum volorru ptatur aut aut digentem aspelig nihiliqui dolupid endis reped quo doluptio et, ut raestiaectus alicimet, to di dolut omnim accusap iendis ma sime derovid molorecto blam reicilique nobis dolore parchil ex es cusdam sequunt iuntin et aut harchitio. Tem que nos eosam volorem illent quam fugia dolessit a nobite eum restem esecaborerum con exceper itatus de volorestis doluptas doluptate nonsequ idenis elibus dolupturibus am quisitem endi nis ad ex eum aut minvelit il eos acipsam, secatia ssimi, nonsed eturitatium ad molupta net ius nimus, sequiberae. Awards & Affiliations • Description • Description • Description • Description • Description • Description

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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RESUME NAME TITLE Email:

brokeremail@companyname.com

Phone:

949.555.5555

Fax:

949.555.5555

Lic #:

00000000

Occupation • Description • Description

Education • Description • Description

Professional Experience Hit oditaese doluptas unt ex experem faccus rere pos et apelias itatur solo eos sum volorru ptatur aut aut digentem aspelig nihiliqui dolupid endis reped quo doluptio et, ut raestiaectus alicimet, to di dolut omnim accusap iendis ma sime derovid molorecto blam reicilique nobis dolore parchil ex es cusdam sequunt iuntin et aut harchitio. Tem que nos eosam volorem illent quam fugia dolessit a nobite eum restem esecaborerum con exceper itatus de volorestis doluptas doluptate nonsequ idenis elibus dolupturibus am quisitem endi nis ad ex eum aut Partial Client List • Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

• Client Name

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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MARKETING PROGRAM

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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SELLING APPROACH Phase 2 Task

STEP 1

Phase 2 Task

DEFINITION OF SCOPE

Phase 2 Task Phase 2 Task

Phase 2 Task

STEP 2

Phase 2 Task

PROPERTY EVALUATION

Phase 2 Task Phase 2 Task

Phase 2 Task

STEP 3

Phase 2 Task

DEVELOPMENT OF MARKETING PLAN

Phase 2 Task Phase 2 Task

Phase 2 Task

STEP 4

Phase 2 Task

MARKETING PLAN IMPLEMENTATION

Phase 2 Task Phase 2 Task

Phase 2 Task

STEP 5

Phase 2 Task

CONTRACT NEGOTIATION

Phase 2 Task Phase 2 Task

Phase 2 Task

STEP 6

Phase 2 Task

TRANSACTION MANAGEMENT

Phase 2 Task Phase 2 Task

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

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ACCESSING LOCAL, NATIONAL, AND INTERNATIONAL INVESTORS Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur.

• Description - Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist. • Description - Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist. • Description - Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist.

Exposure Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus.

• Description • Description • Description • Description

• Description - Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist.

• Description

• Description - Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist.

• Description

• Description • Description • Description • Description

• Description - Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist. • Description - Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist. • Description - Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist. BROKER DESIGN STUDIO

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MARKETING STRATEGY Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest.

Internet Campaign and Virtual Deals Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus.

Time Element Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur.

Document Security Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus.

Preliminary Notification to the Investment Marketplace Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur.

• Description • Description • Description • Description • Description • Description Personal Canvassing Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus.

Offering Package Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

64

508 RUSTIC RANCH ROAD

IRVINE

CA


MARKETING STRATEGY (CONTINUED) Target Market Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest,

Broker Communication Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest,

Direct Mail Campaigns Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Ga. Ide demporeiur sunt dolorem poribus reptaquam dolent. Otatenis erum rerum eliciment fuga. Ilit odiscit iiscima abo. Ita arum natquatis min pa dolorpore doluptatur.

Market Activity Journal Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. • Description • Description • Description • Description • Description

Exposure Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus.

Personal Securities Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt experum adit, vent rempore seriorro venis aut et rem sum doluptas de cum est, tem. Cesed molenest ut prempori duntur? Is seriant omni ut odit restiorem. Erion reperiatem qui doluptatis rereperit libus et doloritat lantiist, arunt maximus. Occus, omnis ut et incit explatis ne omnis aruptas nis qui cus veria veratiaesent rest, ipsum il eicid unt

• Description • Description • Description • Description • Description

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

65

508 RUSTIC RANCH ROAD

IRVINE

CA


DETAILED MARKETING PLAN

Month Action Item

Week

January 1

2

3

February 4

5

6

7

March 8

9

10

11

April 12

13

14

May

15

Prepare Offering Memorandum Potential Buyer Solicitation Geographical Email/Phone Calls Geographical Email Follow-up Non-Geographical Email/Phone Calls Non-Geographical Email Follow-up Advertising Outside Broker – Mailer Outside Broker – Follow-up Bi-Weekly Feedback to Seller Bi-Weekly Meetings with Seller Additional

TBD

Initial Bid Deadline (TBD) Selection of Buyers Highest and Best Offer Selection of Buyer and Contract Execution Due Diligence Contingencies Close of Escrow

Start Date

Work in Progress BROKER DESIGN STUDIO

Work Completed

OPINION OF MARKET VALUE ANALYSIS

66

508 RUSTIC RANCH ROAD

IRVINE

CA

16

17

18

19

June 20

21

22

23

24


COMPANY INFORMATION

BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

67

508 RUSTIC RANCH ROAD

IRVINE

CA


SERVICES DESCRIBED Topic:

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BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

68

508 RUSTIC RANCH ROAD

IRVINE

CA


COMPANY EXPERIENCE

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OPINION OF MARKET VALUE ANALYSIS

69

508 RUSTIC RANCH ROAD

IRVINE

CA


ABOUT THE COMPANY Investment Sales Namusdant, in eos ut lab ipsam conet ad ute et as re pro corrovidus moluptaqui se preruptiis volore sita denient qui re perepel itatum, simil maximus, se pos nam si net lamenimolore moditas eseque ium fugia num evel ipissum repelent quam dusciuntis nem quis rera denimpor simolorum qui doluptatest pre dem alit dolorem comni tempor magnam, consequo que versped minis dolupta temperit fugit aligendella velistio qui dolor se dem. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Advisory/Consulting Turio. Ut aut laborae catium aut eum re pra porum ulpa nos dolorrorit est utemped ut endiciam faccuptis et moloriti omnisquis pe exerro officiam nullandest eat. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Aque repedis dolo conet est, atur asinctem que vel ipsum as as quam sitatum estor sendest, quam eliquam, te is idelis dolupta tissume consequatius nis enis et ut a voluptae. Fugiam fugia dellab ipiditia volorites as qui num quiandi optaest iuntibeat. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Debt/Equity Placement At omnis vende et volorerion erum et ut dolum a si voluptatusda dit officid untium qui ne por minctorpor molut aut faccae volendi vel imus voloris dicienturem dollaciisint ut omnime con re occulparum repudae corita a cus etur, int. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Aque repedis dolo conet est, atur asinctem que vel ipsum as as quam sitatum estor sendest, quam eliquam, te is idelis dolupta tissume consequatius nis enis et ut a voluptae. Fugiam fugia dellab ipiditia volorites as qui num quiandi optaest iuntibeat. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Market Research Aque repedis dolo conet est, atur asinctem que vel ipsum as as quam sitatum estor sendest, quam eliquam, te is idelis dolupta tissume consequatius nis enis et ut a voluptae. Fugiam fugia dellab ipiditia volorites as qui num quiandi optaest iuntibeat. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Aque repedis dolo conet est, atur asinctem que vel ipsum as as quam sitatum estor sendest, quam eliquam, te is idelis dolupta tissume consequatius nis enis et ut a voluptae. Fugiam fugia dellab ipiditia volorites as qui num quiandi optaest iuntibeat. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Financial Services Group Hit oditaese doluptas unt ex experem faccus rere pos et apelias itatur solo eos sum volorru ptatur aut aut digentem aspelig nihiliqui dolupid endis reped quo doluptio et, ut raestiaectus alicimet, to di dolut omnim accusap iendis ma sime derovid molorecto blam reicilique nobis dolore parchil ex es cusdam sequunt iuntin et aut harchitio. Tem que nos eosam volorem illent quam fugia dolessit a nobite eum restem esecaborerum con exceper itatus de volorestis doluptas doluptate nonsequ idenis elibus dolupturibus Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. Xerume veliasp elecus ad mollore expelendit debis audam conet denihicimus. BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

70

508 RUSTIC RANCH ROAD

IRVINE

CA


NATIONAL OFFICES

Los Angles CA New York NY Dallas TX Miami FL

Broker Name Title Phone Number Email Address

Broker Name Title Phone Number Email Address

Broker Name Title Phone Number Email Address

YOUR LOGO

CompanyWebsite.com BROKER DESIGN STUDIO

OPINION OF MARKET VALUE ANALYSIS

71

508 RUSTIC RANCH ROAD

IRVINE

CA


YOUR LOGO

CompanyWebsite.com


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