VICTORVILLE STORAGE DEVELOPMENT

Mojave Drive, Victorville, CA 92394

John 3:16

Brandon M. RobinsonPresident & Broker

155 W. Hospitality Lane

Suite 265

San Bernardino, CA 92407

(909) 380-0073 Office

(760) 534-8135 Mobile

(909) 839-4531 Fax

Cal BRE# 01787727

Cal BRE# 02023477

Brobinson@CalvaryRealty.com

Local Area………………….

Investment Overview……..

Property Profile……........…

Photos & Maps……............

Rental Survey……..............

Site Plan……………………

Building Fees & Costs…….

City Planning Info…………

Unit Mix…………................

Income & Expenses...........

Value Analysis……………..

Lender & Developer Info….

Broker Remarks…...……….

TABLE OF CONTENTS

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Romans 10:9

LOCAL AREA

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. John 14:6

Total Population: 126,267 Average Household Income: $67,870

Population Per Sq. Mile: 1,709 Median Household Income: $54,768

Median Age: 30.2 Income Per Capita: $19,201

Male / Female Ratio: 49.8% / 50.2% Average Disposable Income: $55,019

High School Graduate (Only): 29.2% Median Home Value: $263,490

2-Year Degree (Only): 37.8% Average Household Size: 3.49

Bachelor Degree (Only): 7.8% Owners: 54.0%

Post-Graduate Degree: 4.6% Renters: 46.0%

Votes Democrat: 52.5% Unemployment Rate: 6.0%

Votes Republican: 45.1% Unemployment Number: 43,200

Demographics | Victorville, CA

Victorville is a city of 126,000 residents in the high desert of San Bernardino County. The city is 20

minutes north of the Ontario Airport and is the 4th most populated city in the County and 49th mostpopulated city in California. Named after railroad pioneer Jacob Nash Victor, the city of Victorville wasincorporated on September 21st of 1962.

Victorville is one of the fastest growing areas in California having witnessed a population increase of 80%since the year 2000 and 154% since 1990. This rapid growth in population is due in part to affordable

housing and convenient access to inland empire cities such as San Bernardino, Ontario, RanchoCucamonga, Fontana, and Riverside. The City is also a major transportation Hub located along the 15freeway between Los Angeles and Las Vegas.

The Victorville area has been the location of several TV & Film productions such as Grand Theft Auto, TheHitcher, Lethal Weapon, From Dusk Till Dawn, Face Off, Kill Bill: Volume 2, and Fast and the Furious TokyoDrift. Notable people from the Victorville area include Roy Rogers, Dale Evans, Steve Ryan, & EarlBascom.

Major Employers In Victor ValleySouthern California Logistics Airport | Hesperia Unified School District | Victor Valley CollegeDesert Valley Hospital | Walmart Distribution Center | Verizon | CEMEX | General AtomicsVictor Valley Union High School District | Victor Elementary School District | Stater BrothersFederal Correctional Institution | Victor Valley Global Medical Center | County of San BernardinoApple Valley Unifited School District | Adelanto School District | Super Target | Fiber Care Baths

INVESTMENT OVERVIEW

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Jeremiah 29:11

INVESTMENT HIGHLIGHTS

MOJAVE DRIVE STORAGE DEVELOPMENT is a 8.52 acre parcel of land that is approved for ministorage development. The site was fully approved in 2007 for 46,000 square feet of enclosedstorage and 136,000 square feet of RV Storage. Due to the economic downturn of 2008,ownership stopped plans to develop the mini storage.

The property is located 1/2 mile east of highway 395 and 4 miles west of Interstate 15. Thisopportunity is surrounded by existing and new single family and commercial developments.Victorville's local storage market is stable with most facilities operating above 90% occupancy!The storage square feet per capita in Victorville is 13.05. Current rental rates are roughly $1 persquare foot for enclosed storage and $0.50 per square foot for RV Storage.

The project is estimated to cost $6M in both land and building costs. The facility is projected togross over $1M in revenue and nearly $700K in net income; producing doubledigit returns!

90% Market Occupancy

Adjacent to New Development

High Traffic Count

Major Corridor

Double Digit Return on Investment

PROPERTY PROFILE

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Philippians 4:13

Property Name: Victorville Storage Development

Address On Title: Mojave Road, Victorville, CA 92394

Land Acquisition Price: $595,000

Land Price Per Square Foot: $1.60

Land Price Per Acre: $69,836

*Construction Cost: $5,508,175

Market Rate Per Square Foot: $0.99

Self Storage Sq. Ft. Per Capita: 13.05

*Projected Gross Revenue: $964,602

*Projected Net Income: $688,729

Enclosed Rentable Square Feet: 183,095

*Number of Units: 591

*Projected Occupancy: 95%

Acreage: 8.52

Gross Land Square Feet: 371,131

*Year Built (Proposed): 2020

Zoning: M1 Industrial

APN: 3128-621-04-0000

Construction Type: Metal

Paving: Concrete

Cross Streets: Mojave & Highway 395

Nearest Freeway: Interstate 15

Traffic Count: 20,000

Plans & Approvals: Site Was Approved in 2007 (Expired CUP).

SITE PHOTOS

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Romans 3:23

AERIAL MAPS

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Matthew 7:21

LOCATION MAPS

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. John 10:10

PARCEL MAP

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Galatians 5:16

RENTAL SURVEY

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Genesis 1:27

5x10 $60 5x10 $65

10x10 $100 10x10 $95

10x15 $130 10x15 $120

10x20 $150 10x20 $145

# of Units* 591 # of Units 106

Occupancy* 91% Occupancy 96%

Year Built* 2020 Year Built 2007

NRSF* 183,095 NRSF 14,200 Phone:

Acreage 8.52 Acreage 1.07 (760) 951-0141

Lot Size 371,131 Lot Size 46,609

Address Address 15139 Anacapa Road

Victorville, CA 92394 Victorville, CA 92392

5x10 $69 5x10 $75

10x10 $119 10x10 $147

10x15 $142 10x15 $165

10x20 $170 10x20 $189

# of Units 404 # of Units 568

Occupancy 95% Occupancy 93%

Year Built 1990 Year Built 1984

NRSF 57,135 Phone: NRSF 70,383 Phone:

Acreage 2.57 (760) 383-2654 Acreage 2.70 (760) 241-7401

Lot Size 111,949 Lot Size 117,612

Address 14421 Borego Road Address 13627 Amargosa Road

Victorville, CA 92392 Victorville, CA 92392

Anacapa Storage

Cubesmart Self Storage

SUBJECT PROPERTY*

StorAmerica Self Storage

Mojave Drive

RENTAL SURVEY

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Acts 2:38

5x10 $49 5x10 $79

10x10 $78 10x10 $100

10x15 $108 10x15 $130

10x20 $120 10x20 $150

# of Units 699 # of Units 752

Occupancy 98% Occupancy 92%

Year Built 2003 Year Built 2007

NRSF 93,680 Phone: NRSF 141,511 Phone:

Acreage 4.64 (760) 241-5151 Acreage 7.47 (760) 243-5100

Lot Size 202,118 Lot Size 325,393

Address 13465 Palmdale Road Address 14598 Palmdale Road

Victorville, CA 92392 Victorville, CA 92392

5x10 $79 5x10 $55

10x10 $113 10x10 $95

10x15 $158 10x15 $110

10x20 $198 10x20 $135

# of Units 564 # of Units 270

Occupancy 90% Occupancy 90%

Year Built 1980 Year Built 1982

NRSF 58,128 Phone: NRSF 23,997 Phone:

Acreage 3.45 (760) 475-3505 Acreage 2.00 (760) 245-8002

Lot Size 150,282 Lot Size 87,120

Address 15555 Yates Road Address 16290 N. D Street

Victorville, CA 92395 Victorville, CA 92394

5x10 n/a 5x10 $60

10x10 $90 10x10 $90

10x15 $112 10x15 $120

10x20 $128 10x20 $140

# of Units 511 # of Units 500

Occupancy 80% Occupancy 81%

Year Built 2005 Year Built 2006

NRSF 97,710 Phone: NRSF 76,332 Phone:

Acreage 4.74 (760) 684-4930 Acreage 4.42 (760) 951-1200

Lot Size 206,474 Lot Size 192,535

Address 13574 6th Avenue Address 16885 Sunset Road

Victorville, CA Victorville, CA 92395

Uhaul Self StorageStorage Zone

Extra Space Storage A&L Self Storage

Storage Locker Hi Tech Self Storage

RENTAL SURVEY

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Matthew 22:37-40

5x10 n/a 5x10 $65

10x10 n/a 10x10 $90

10x15 n/a 10x15 $125

10x20 n/a 10x20 $155

# of Units 734 # of Units 775

Occupancy n/a Occupancy 94%

Year Built 2005 Year Built 1998

NRSF 94,372 Phone: NRSF 109,920 Phone:

Acreage 7.77 (760) 955-2022 Acreage 5.99 (760) 951-8218

Lot Size 338,461 Lot Size 260,924

Address 12276 Cobalt Rd Address 12217 Apatite Ave

Victorville, CA 92392 Victorville, CA 92395

5x10 $65 5x10 n/a

10x10 $90 10x10 n/a

10x15 $125 10x15 n/a

10x20 $160 10x20 n/a

# of Units 435 # of Units 629

Occupancy 99% Occupancy n/a

Year Built 2006 Year Built 2005

NRSF 86,560 Phone: NRSF 112,000 Phone:

Acreage 4.71 (760) 956-9776 Acreage 5.96 (760) 956-5100

Lot Size 205,168 Lot Size 259,618

Address 12569 Bear Valley Rd Address 12829 Bear Valley Rd

Victorville, CA 92392 Victorville, CA 92392

5x10 $74 5x10 $55

10x10 $124 10x10 $82

10x15 $158 10x15 $105

10x20 $186 10x20 $130

# of Units 530 # of Units 592

Occupancy 93% Occupancy 92%

Year Built 2008 Year Built 1985

NRSF 60,000 Phone: NRSF 99,700 Phone:

Acreage 3.53 (760) 552-8605 Acreage 6.70 (760) 991-3224

Lot Size 153,767 Lot Size 291,852

Address 15262 Mojave Dr. Address 11622 Amargosa Rd

Victorville, CA 92394 Victorville, CA 92392

Got Storage Apatite Self Storage

Mesa Self Storage Bear Valley West Self Storage

Storage Direct Right Space Storage

RENTAL SURVEY

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Matthew 28:19

5x10 $57 5x10 $55

10x10 $79 10x10 $91

10x15 $108 10x15 $125

10x20 $133 10x20 $174

# of Units 531 # of Units 740

Occupancy 92% Occupancy 87%

Year Built 2004 Year Built 1985

NRSF 59,735 Phone: NRSF 129,846 Phone:

Acreage 4.2 (760) 245-0030 Acreage 7.52 (760) 354-9339

Lot Size 182,952 Lot Size 327,571

Address 12250 Ridgecrest Rd Address 12176 Locust Avenue

Victorville, CA 92395 Victorville, CA

5x10 $71 5x10 $77

10x10 $102 10x10 $120

10x15 $170 10x15 $153

10x20 $176 10x20 $181

# of Units 382 # of Units 405

Occupancy n/a Occupancy n/a

Year Built 1990 Year Built 1990

NRSF 57,157 Phone: NRSF 69,000 Phone:

Acreage 3.07 760-383-2655 Acreage 3.84 (760) 412-4340

Lot Size 133,729 Lot Size 167,270

Address 12474 Industrial Blvd Address 14195 La Mesa

Victorville, CA Victorville, CA 92392

5x10 $59

10x10 $89

10x15 $119

10x20 $149

# of Units 1,000

Occupancy 73%

Year Built 2018 2018 Expansion

NRSF 150,000 Phone:

Acreage 10 (760) 951-7733

Lot Size 435,600

Address 13755 Seneca Road

Victorville, CA 92392

StorAmerica Industrial StorAmerica La Mesa

Victor Valley Self Storage StorAmerica Locust

Reliable Self Storage

RENTAL SURVEY

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Revelation 21:1

Property Name Year Built

Square

Feet

# of

Units

Occupancy

Rate 5x10 10x10 10x15 10x20

SUBJECT PROPERTY* 2020 183,095 591 91% $60 $100 $130 $150

StorAmerica Self Storage 1990 57,135 404 95% $69 $119 $142 $170

Cubesmart Self Storage 1984 70,383 568 93% $75 $147 $165 $189

Storage Zone 2003 93,680 699 98% $49 $78 $108 $120

Uhaul Self Storage 2007 141,511 752 92% $79 $100 $130 $150

Extra Space Storage 1980 58,128 564 90% $79 $113 $158 $198

A&L Storage 1982 23,997 270 90% $55 $95 $110 $135

Storage Locker 2005 97,710 511 80% n/a $90 $112 $128

Hi Tech Storage 2006 76,332 500 81% $60 $90 $120 $140

Got Storage 2005 94,372 734 n/a n/a n/a n/a n/a

Apatite Self Storage 1998 109,920 775 94% $65 $90 $125 $155

Mesa Self Storage 2006 86,560 435 99% $65 $90 $125 $160

Bear Valley West 2005 112,000 629 n/a n/a n/a n/a n/a

Storage Direct 2008 60,000 530 93% $74 $124 $158 $186

Right Space Storage 1985 99,700 592 92% $55 $82 $105 $130

Victor Valley Self Storage 2004 59,735 531 92% $57 $79 $108 $133

StorAmerica Locust 1985 129,846 740 87% $55 $91 $125 $174

StorAmerica Industrial 1990 57,157 382 n/a $71 $102 $170 $176

StorAmerica La Mesa 1990 69,000 405 n/a $77 $120 $153 $181

Reliable Self Storage 2018 150,000 1,000 73% $59 $89 $119 $149

SITE PLAN

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Genesis 1:1

CONSTRUCTION COST ESTIMATE

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Ephesians 5:1

CONSTRUCTION COST ESTIMATE

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Exodus 3:6

CASHFLOW PROJECTION

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Exodus 20:2-3

CONSTRUCTION COST ESTIMATE

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. 2 Chronicles 6:14

VICTORVILLE ZONING MAP

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Psalm 19:1

VICTORVILLE PLANNING CONTACTS

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. 2 Chronicles 7:14

Scott Webb

City Planner

(760) 955-5135 Phone

swebb@victorvilleca.gov

Alex Jauregui

Assistant Planner

(760) 955-5135Phone

Ajauregui@victorvilleca.gov

Planning Department

14343 Civic Drive

PO Box 5001

Victorville, CA 92393

(760) 955-5135 Phone

(760) 269-0070 Fax

planning@ci.Victorville.ca.us

Monday to Thursday 8am – 5pm

Fridays 8am – 4pm

Daisy Mahoney

Assistant Planner

(760) 955-5135 Phone

dmahoney@victorvilleca.gov

POTENTIAL UNIT MIX

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Leviticus 19:2

Size Sq. Ft.

# Of

Units

Rentable

Sq. Ft.

Monthly

Rate

Rate / Sq.

Ft.

Monthly

Income

Annual

Income

10x10 100 20 2,000 $100 $1.00 $2,000 $24,000

10x12 120 3 360 $115 $0.96 $345 $4,140

10x15 150 8 1,200 $130 $0.87 $1,040 $12,480

10x17 170 1 170 $130 $0.76 $130 $1,560

10x20 200 28 5,600 $150 $0.75 $4,200 $50,400

10x25 250 19 4,750 $185 $0.74 $3,515 $42,180

10x30 300 18 5,400 $210 $0.70 $3,780 $45,360

10x40 400 3 1,200 $260 $0.65 $780 $9,360

12x20 240 21 5,040 $175 $0.73 $3,675 $44,100

12x25 300 19 5,700 $200 $0.67 $3,800 $45,600

12x30 360 16 5,760 $220 $0.61 $3,520 $42,240

12x40 480 17 8,160 $275 $0.57 $4,675 $56,100

15x10 150 8 1,200 $120 $0.80 $960 $11,520

RV Storage

10x20 200 3 600 $100 $0.50 $300 $3,600

10x25 250 67 16,750 $125 $0.50 $8,375 $100,500

10x30 300 25

10x35 350 1 350 $150 $0.43 $150 $1,800

11x20 220 4 880 $100 $0.45 $400 $4,800

11x25 275 20 5,500 $130 $0.47 $2,600 $31,200

11x30 330 83 27,390 $140 $0.42 $11,620 $139,440

11x35 385 111 42,735 $150 $0.39 $16,650 $199,800

11x40 440 94 41,360 $175 $0.40 $16,450 $197,400

11x45 495 2 990 $175 $0.35 $350 $4,200

591 183,095 $89,315 $1,071,780

Sq. Ft. Units $0.49

Self Storage 46,540 181 309.81

RV Storage 136,555 410

Total 183,095 591

591

540

91%Physical Occupancy

Average rate / sq. ft.

Average size (sq. ft.)

Total Units

Occupied Units

POTENTIAL INCOME & EXPENSES

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Jeremiah 10:1-5

Gross Potential Income: 1,071,780$

Vacancy & Discounts: 107,178$ 10.00%

Gross Storage Income: 964,602$

Other Fees: -$

TOTAL 964,602$

New Real Estate Taxes: 68,935.36$ 1.1295%

Property Insurance: 15,000.00$

On-Site Management Expense: 70,000.00$

Payroll Expenses: 15,000.00$

Advertisement: 20,000.00$

Office & Admin: 7,500.00$

Lien Fees: 5,000.00$

Maintenance & Repairs: 12,000.00$

Landscaping: 5,000.00$

Storage Software: 2,500.00$

License & Permits: 1,500.00$

Utilities: 18,000.00$

Phone & Internet: 3,000.00$

Security & Cameras: 3,500.00$

Bank & Merchant Fees: 28,938.06$

Other: 5,000.00$

Total Expenses 275,873.42$ 28.60%

NET INCOME 688,728.58$

INCOME

EXPENSES

STORAGE DEVELOPMENT VALUE ANALYSIS

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Leviticus 26:40-42

SITE ACQUISITION $595,000

BUILDING CONSTRUCTION $5,508,175

TOTAL COSTS AFTER CONSTRUCTION $6,103,175

ENCLOSED COST PER SQ. FT. $45.00

RV COST PER SQ. FT. $25.00

ENCLOSED SQ. FT. 136,555

RV SQ. FT. 46,540

POTENTIAL GROSS INCOME $964,602

GROSS REVENUE MULTIPLIER 6.33

NET INCOME $688,729

RETURN 11.28%

VACANT LAND SALES COMPARABLES

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. James 2:26

Closing Date On Market Closing Date 2/14/2019

Sales Price $595,000 Sales Price $583,000

Price / Land sq. ft. $1.60 Price / Land sq. ft. $1.84

Price / Acre $69,836 Price / Acre $79,972.57

APN 3128-621-04 APN 3064-411-15

Acreage 8.52 Acreage 7.29

Lot Size 371,131 Lot Size 317,552

Use Storage Use Commercial

Distance Subject Distance 8 Miles

Address Mojave Road Address Highway 395

Victorville, CA 92394 Hesperia, CA 92344

Closing Date 2/14/2019 Closing Date 2/14/2019

Sales Price $417,000 Sales Price $600,000

Price / Land sq. ft. $1.83 Price / Land sq. ft. $1.89

Price / Acre $79,885.06 Price / Acre $82,203.04

APN 3064-411-14 APN 3064-411-11

Acreage 5.22 Acreage 7.299

Lot Size 227,383 Lot Size 317,944

Use Commercial Land Use Storage

Distance 8 Miles Distance 8 Miles

Address Highway 395 Address Avenal Street

Hesperia, CA 92344 Hesperia, CA 92344

3064-411-15

3064-411-11

SUBJECT PROPERTY

3064-411-14

Property Name Acreage Lot Size Sales Price Price / Acre

Price /

Sq. Ft.

Closing

Date

SUBJECT PROPERTY 8.52 371,131 $ 595,000 $ 69,836 1.60$ On Market

3064-411-15 7.29 317,552 583,000$ 79,973$ 1.84$ 2/14/2019

3064-411-14 5.22 227,383 417,000$ 79,885$ 1.83$ 2/14/2019

3064-411-11 7.30 317,944 600,000$ 82,203$ 1.89$ 2/14/2019

Averages 6.60 287,627 533,333$ 80,687$ 1.85$

PORTABLE STORAGE CONTAINER COMPANIES

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. James 1:22

Company Contact Phone Email

Janus Blake Robinson (479) 601-2452 Blaker@janusintl.com

Mako Steel Caesar Wright (760) 448-1760 cwright@makosteel.com

USC John Cooley (303) 818-8835 john.cooley@universalstorage

containers.com

Aztec

Container

Steve Hyndman (800) 865-9189 info@azteccontainer.com

Pac-Van Rob McDaniel (909) 829-5977 RMcDaniel@pacvan.com

Mobile

Mini

Peter Synn (909) 685-5949 psynn@mobilemini.com

Cube Depot Tara (562) 202-5180 LongBeach@CubeDepot.com

Instant

Storage

Charles

McCann

(661) 393-7005 info@instantstorage.com

Below are companies that manufacture and sell portable storage in California. The rough cost of the

“shipping container” units are between $10 - $15 per sq. ft. The “traditional self storage” units

range between $20 - $40 per sq. ft. Please contact the companies below for exact pricing.

Traditional Self Storage Style Shipping Container Style

PERMANENT STORAGE CONSTRUCTION

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. 2 Timothy 1:7

Two of the biggest names in self storage development are KiwiConstruction and Mako Steel. Both companies have been in business forover 20 years and are the preferred contractor for the largest storageoperators in the country.

Feel free to contact them for information regarding construction.

28177 Keller Rd,

Murrieta, CA 92563

(951) 301-8975 Phone

(951) 301-4096 Fax

sales@kiwiconstruction.com

www.kiwiconstruction.com

5650 El Camino Real, #100

Carlsbad, CA 92008

(760) 448-1760 Phone

(760) 448-1761 Fax

info@makosteel.com

www.makosteel.com

SBA & CONVENTIONAL LENDERS

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Philippians 2:10

Bank of Hope

Gene Pac

Senior Vice President

3200 Wilshire Blvd., 7th Floor

Los Angeles, CA 90010

(213) 819-4242 Phone

(213) 639-8049 Fax

Gene.pak@bankofhope.com

Pacific Premier Bank

Francisco Navas

Senior Vice President

1249 E. Katella Ave,

Orange, CA 92867

(805) 231-1246 Mobile

(714) 538-8330 Fax

FNavas@ppbi.com

Redwood Capital

Jeffrey Ogan

Commercial Loans

6404 Wilshire Blvd

Suite 100

Los Angeles, CA 90048

(949) 596-7509 Office

(951) 443-6368 Mobile

jogan@redwoodcapitalfunding.com

AmPac Tri-State CDC

Janine Warren

VP & Business Development

22365 Barton Road

Suite 210

Grand Terrace, CA 92313

(909) 915-1706 Phone

(626) 485-2308 Mobile

jwarren@ampac.com

This is an excellent opportunity for an experienced operator to capitalize onthe demand for storage in this growing area. With the high price per squarefoot to purchase an existing facility in California, it is smarter to build a newproperty at half the cost!

Most storage facilities in California are selling for prices between $100 - $150per square foot depending on Class and location. This project provides a greatopportunity to own a Class A facility for less than $60 per foot!

The storage market in Victorville is stable with all other facilities operatingaround 90% occupancy! There is a healthy amount of new residential &commercial construction that will increase demand.

This property has strategic placement to attract tenants from both Victorville& Adelanto. This opportunity has potential to gross over $1M annually andprovide double digit returns!

BROKER REMARKS

National Association of Realtors ID: 157528386

Multiple Listing Service ID: CV37631

The information herein has been obtained from sources deemed reliable. We

have no reason to doubt its accuracy, but do not guarantee it. The prospective

buyer should carefully verify information contained herein. Matthew 6:33