Offering Memorandum

Greenback PlazaShopping Center

6201 Greenback Circle

Citrus Heights, CA

Location

Highlights

Greenback Plaza

Location Overview

Citrus Heights is a city in Sacramento County, California, USA. Citrus Heights is part of the Sacramento–Arden-Arcade–Roseville Metropolitan Statistical Area.

Citrus Heights is centrally located between the region's major freeways and highways. Interstate 80 passes through the west side of the city, and Interstate 5, U.S. Highway 50 and California State Route 99 are all located from three to 11 miles (18 km) from the city. The Business 80 freeway otherwise known as the Capital City Freeway begins near Citrus Heights and ends in Downtown Sacramento. Sacramento International Airport is located approximately 20 miles (32 km) from the city, while rail transportation provided by Amtrak is accessible in Roseville (about 10 miles (16 km) from the city). A public bus transportation is currently also provided by the Sacramento Regional Transit District.

Citrus Heights is home to a bustling retail and service industry. Sunrise Mall, newly remodeled with over 100 stores, including major department and specialty stores (Macy's, Sears, JC Penney's, etc.), is located in the center of the city, along with the Sunrise MarketPlace a growing retail community offering a wide variety of retail, dining, and service establishments (Barnes & Noble, Target Greatland, Best Buy, Lowe's Home Improvement, etc.). Citrus Heights also features major discount retail stores such as Costco, Sam's Club, and Wal-Mart.

This information has been secured from sources we believe to be reliable, but we make no representation or warranties as

to the accuracy of the information. Buyer bears all risk for any inaccuracies

The Offering

Property Greenback Plaza

Address 6201 Greenback Circle

Citrus Heights, CA,

Offered at

Assessor's Parcel Number 229-0023-002

Zoning GC

Site Description

Number Units 7

Number of Buildings 1

Number of Stories 1

Year Built 1961

Rentable Square Feet 8,000

Lot Size 23,465

Type of Ownership Fee Simple

Parking 27 Spaces

Topography Flat

Construction Indicators

Foundation Slab Improvement Cost Per Sq.Ft. 147$

Framing Wood Land Cost per Sq.Ft. 50$

Exterior Stucco Proforma Cap Rate 9.81%

Parking Surface Asphalt

Roof Metal with Coating

$1,175,000

Greenback Plaza

Property Summary

This information has been secured from sources we believe to be reliable, but we make no representation or warranties as

to the accuracy of the information. Buyer bears all risk for any inaccuracies

Property PhotosGreenback Plaza

This information has been secured from sources we believe to be reliable, but we make no representation or warranties as

to the accuracy of the information. Buyer bears all risk for any inaccuracies

Site PlanGreenback Plaza

This information has been secured from sources we believe to be reliable, but we make no representation or warranties as

to the accuracy of the information. Buyer bears all risk for any inaccuracies

Greenback Plaza

Plot Map

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to the accuracy of the information. Buyer bears all risk for any inaccuracies

Greenback Plaza

Street Maps

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to the accuracy of the information. Buyer bears all risk for any inaccuracies

Greenback Plaza

Aerial Photo

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to the accuracy of the information. Buyer bears all risk for any inaccuracies

Greenback Plaza

Shopping Center Price

Citrus Heights, CA Down Payment 470,000$

First Loan 705,000$ 60.00% +Cost of Acquisition 5,875$

Second Loan -$ 0.00% +Loan Points 7,050$

Total Loans 705,000$ 60.00% =Investment Base 482,925$

Total Down Payment 470,000$

Gross Income & Expense Annually % on PP Monthly % on PP Notes

Gross Potential Rents 123,750 10.53% 10,313 0.878%

Less: Rental Vacancy 6,188 0.53% 516 0.044%

Gross Potential Income 117,563 10.01% 9,797 0.834%

Plus: Other Income - 0.00% - 0.000%

Plus: Annual Reimbursement 34,560 2.94% 2,880 0.245%

Effective Gross Income 152,123 12.95% 12,677 1.079%

Real Estate Taxes 11,750 7.72% 979 0.644%

Personal Property Taxes - 0.00% - 0.000%

Property Insurance 1,872 1.23% 156 0.103%

Property Management: 6,085 4.00% 507 0.333%

On site Management - 0.00% - 0.000%

Payroll-Onsite Personnel - 0.00% - 0.000%

Expenses\Legal - 0.00% - 0.000%

Taxes/Work.Comp - 0.00% - 0.000%

Reserves - 0.00% - 0.000%

Repairs and Maintenance 2,000 1.31% 167 0.110%

Utilities: - 0.00% - 0.000%

PG&E HSE 900 0.59% 75 0.049%

Water 840 0.55% 70 0.046%

Sewer 1,140 0.75% 95 0.062%

Garbage 5,940 3.90% 495 0.325%

Accounting and Legal - 0.00% - 0.000%

Real Estate Leasing Commissions - 0.00% - 0.000%

Advertising\Licenses\Permits - 0.00% - 0.000%

Laundry Lease - 0.00% - 0.000%

Contract Services: Pest Control - 0.00% - 0.000%

Rent Control Fee - 0.00% - 0.000%

Landscaping 3,000 1.97% 250 0.164%

Fire Alarm Monitoring 2,231 1.47% 186 0.122%

Telephone 1,150 0.76% 96 0.063%

Misc - 0.00% - 0.000%0.00% 0.000%

TOTAL OPERATING EXPENSES 36,908 3,076

NET OPERATING INCOME 115,215 9,601 Pro Forma Cap Rate 9.805%

TOTAL DEBT SERVICES 45,415 3,785

TOTAL CAPITAL ADDITIONS - -

CASH FLOW BEFORE TAXES 69,799 5,817

Annual Property Operating Data (Pro Forma) --- Greenback Plaza

1,175,000$

This information has been secured from sources we believe to be reliable, but we make no representation or warranties as to the accuracy of the information. Buyer bears all risk for any inaccuracies