18430 Sherman Way, Reseda, CA 91335

223 Unit development site ideally located in a Qualified Opportunity Zone and a Tier 3 TOC

• 1.45 acres of land
• Qualified Opportunity Zone offers significant tax benefits
• Tier 3 TOC offers attractive “by-right” development incentives including a 70% increase in density and an increase in FAR from 1.5 to 3.75
• Potential 223 unit, 197,745 square foot “by-right” development opportunity
• The property is 100% leased to Walgreens through 2023, with two 5-year options remaining.
• Signalized corner location with high daily traffic counts north of 36,000 vehicles per day
• 1,135 units under construction within 2.9 square miles of the subject property

100% Leased to Walgreens Through 2023

• An owner-user can occupy the site in 2023
• Walgreens is the second largest drugstore chain in the United States, and has been operating for 119 years
• The company features over 9,200 stores
• Walgreens is a subsidiary of Walgreens Boots Alliance, which is present in more than 25 countries, employs over 450,000 people, and has more than 21,000 stores
• Walgreens Boots Alliance Inc. is traded on the NASDAQ as WBA
• Over 13,700 retail stores in operation in the US under the Walgreens and Duane Reade brands
• Sales revenue exceeds $131 billion

Strong Centralized West San Fernando Valley Signalized Corner Location

• Significant Revitilzation in the immediate area with over 1,100 units currently in construction
• Centralized West San Fernando Valley location with easy access to Warner Center, Downtown Los Angeles and the Westside
• The San Fernando Valley is best known for being the home to several iconic film studios such as Warner Bros. Studio and Walt Disney Studios
• The property is located just half a mile from a new development project on Baird Avenue, a 27-unit project which was recently approved by the LA City Council with a zoning change and general plan amendment

Ideally located Proximate to a number of Retail Amenities and Restaurants and the Warner Center

• Proximate national tenants include Wells Fargo Bank, Citibank, Food 4 Less, Goodwill Southern California, and Autozone, Wendy’s, McDonald’s, Starbucks, Taco Bell, and Little Caesars Pizza
• Just 5 miles from the Warner Center, the San Fernando Valley’s central business district and home to Westfield Topanga & The Village, a mall which spans 2.1 million square feet, and houses stores such as Macy’s, Neiman Marcus, Nordstrom, and Target

Strong Immediate Demographics

• Over 41,000 people located within one mile of the property, 247,000 located within three miles of the property, 635,000 located within five miles of the property
• Over 12,400 households located within one mile of the property, 82,000 within three miles of the property, and 213,000 within five miles of the property
• Average household income within one mile of the property is over $76,900, within three miles is over $90,700, and within 5 miles is over $92,900