Brandon M. RobinsonPresident & Broker

715 N. Mountain Ave

Suite 200

Upland, CA 91786

Mobile: (760) 534-8135

Fax: (909) 839-4531

Cal BRE# 01787727

Cal BRE# 02023477

Brobinson@CalvaryRealty.com

EXCLUSIVE OFFERING

JUDY’S MINI STORAGE, FRAZIER PARK, CA

John 3:16

Investment Overview……..3

Property Profile…….......…4

Photos & Maps……........5-6

Rental Survey…….............7

Unit Mix..............................8

Income & Expenses...........9

Pricing & Financing…..10-11

Comparable Sales.......12-13

Broker Remarks….......….14

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

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. John 14:6

Total Population: 7,065 Average Household Income: $73,597

Population Per Sq. Mile: 128 Median Household Income: $50,428

Median Age: 38 Income Per Capita: $30,577

Male / Female Ratio: 50.0% Average Disposable Income: $57,460

High School Graduate: 31.0% Median Home Value: $194,510

2-Year Degree: 41.0% Average Household Size: 2.39

Bachelor Degree: 15.0% Owners: 58.0%

Post-Graduate Degree 6.0% Renters: 42.0%

Votes Democrat: 40.0% Unemployment Rate: N/A

Votes Republican: 57.0% Unemployment Number: N/A

Demographics | Frazier Park, CA

Judy's Mini Storage is located at 3100 Mount Pinos Way in Frazier Park, CA. Frazier Park is in an unincorporated

area of Kern County and is located in the San Emigdio Mountains within the Los Padres National Forest. Thecommunity of Frazier Park was established in 1925 and named after the 8,167 foot Frazier Park Montain in theTransverse Ranges.

Frazier Park is located just 5 minutes west of the Interstate 5, with easy access to the nearby towns of Lebec andGorman. The community is also located approximately 45 miles south of Bakersfield and 40 miles north of Valencia

along "the grapevine".

Judy's Mini Storages provides an excellent opportunity for a first time storage buyer to enter the market. Theseller owns the property free and clear and is willing to carry financing! This low maintenance property is 100%occupied with a waiting list and provides an ease of management investment for a first time storage investor.

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. Proverbs 3:5

Property Name: Judy's Mini Storage

Address: 3100 Mount Pinos Way, Frazier Park, CA 93222

Price: $475,000

Price Per Square Foot: $102.15

Actual Cap Rate: 7.69%

Rentable Square Feet: 4,800

Gross Income: $53,466

Net Income: $36,514

Number of Units: 75

Storage Physical Occupancy: 100%

Storage Economic Occupancy: 95%

Acreage: 0.31

Gross Square Feet: 13,504

Year Built: 1984

Zoning / Use: Public Storage

APN: 255-333-19

Number of Buildings: 4

Number of Stories Single Story

Construction Type: Wood

Management Software: None (Manual)

Room for Expansion: N/A

Cross Streets: Frazier Mountain Park Road

Nearest Freeway: Interstate 5

Traffic Count: <5,000

Management Apartment: None

Amenities: On-Site Office | Drive Up Access | Electronic Gate

Website: http://www.judysministorage.com/

Proposed Financing: $150K Down | 5% Interest | 5 Year Term

PROPERTY 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. Jeremiah 29:11

AERIAL & 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. Philippians 4:13

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.Romans 3:23

5x5 $40 5x5 N/A

5x10 $60 8x10 $60

5x15 $70 10x20 $120

10x15 $105 10x15 N/A

# of Units 74 # of Units 70

Occupancy 100% Occupancy 98%

Year Built 1984 Only Storage Offering Year Built 1979 Phone:

NRSF 4,650 5x5 Units NRSF 9,200 (661) 245-3714

Acreage 0.31 Acreage 1.18

Lot Size 13,504 Lot Size 51,401

Distance Subject Distance 3.8 Miles

Address Address 6403 Frazier Mounta Park

Frazier Park, CA 93222 Frazier Park, CA 93243

Stow Away StorageSUBJECT PROPERTY

3100 Mount Pinos Way

5x5 N/A

10x10 $90

10x15 $110

10x20 $130

# of Units 328

Occupancy 85%

Year Built 2000 Phone:

NRSF 85,000 (661) 248-1831

Acreage 6.90

Lot Size 300,564

Distance 3.9 Miles

Address 78 Landfill Rd

Lebec, CA 93243

Lebec Storage

UNIT MIX & INCOME SUMMARY

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

Size Sq. Ft.

# Of

Units

Rentable

Sq. Ft. Rate

Rate /

Sq. Ft.

Monthly

Income

Annual

Income

Self Storage

5x5 25 14 350 $40 $1.60 $560 $6,720

5x10 50 14 700 $60 $1.20 $840 $10,080

5x15 75 44 3,300 $70 $0.93 $3,080 $36,960

10x15 150 2 300 $105 $0.70 $210 $2,520

Office 150 1 150 $0 $0.00 $0 $0

450 75 4,800 $275 $4,690 $56,280

Units Sq. Ft. $0.98

Self Storage 74 4,650 64.00

Total 74 4,650

Total Units 75

Owner 0

Units Rented 75

Occupancy 100%

Collections 95%

Average rate / sq. ft.

Average size / sq. ft.

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. John 10:10

Gross Potential Income: 56,280$

Vacancy: 2,814$ 5.0%

Gross Storage Income: 53,466$

Admin & Late Fees: -$

Merchandise Sales: -$

Other Income: -$

Total 53,466$

New Real Estate Taxes: 5,062.43$ 1.0658%

Property Insurance: 1,500.00$

Part Time Manager: 6,000.00$

Advertisement: 500.00$

Maintenance: 1,000.00$

Office: 250.00$

Telephone: 720.00$

Water: 300.00$

Electricity: 660.00$

Gas: 360.00$

Trash: 600.00$

Other Operating Expenses: -$

Total Expenses 16,952.43$ 31.71%

NET INCOME 36,513.57$

INCOME

EXPENSES

PRICING

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

PRICE RANGE $475,000

GROSS COLLECTED INCOME $53,466

EXPENSES $16,952

NET INCOME $36,514

CAP RATE 7.69%

GROSS REVENUE MULTIPLIER 8.88

SELF STORAGE SQ. FT. 4,650

PRICE PER SQ. FT. (Storage Only) $102.15

PROPOSED FINANCING

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

Price $475,000

Sq. Ft. 4,650

Price / Sq. Ft. $102.15

Cap Rate 7.69%

Gross Revenue Multiplier 8.88

Down Payment $150,000 32%

Cash On Cash Return $15,578 10.39%

Total Return (Including Principal Reduction) $20,264 13.51%

PROPOSED SELLER FINANCING: 1st Trust Deed

Loan Amount 68% $325,000

Loan To Value 68%

Interest Rate 5.00%

Amortization (Years) 30

Monthly Debt Service $1,745

Annual Debt Service $20,936

Principal Reductions $4,686

Debt Coverage Ratio 1.74

Loan Term 5 Years

Loan Fees 0%

Potential Rental Revenue $56,280

Vacancy $2,814 5.00%

Actual Rental Revenue $53,466

Other Revenue $0

Total Revenue $53,466

Total Expenses $16,952

Net Operating Income $36,514

PRICING & RETURNS

INCOME & EXPENSE INFORMATION

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. Acts 2:38

Closing Date On Market Closing Date 4/21/2017

Sales Price $475,000 Sales Price $750,000

Cap Rate 7.69% Cap Rate 6.00%

Price / Sq. Ft. $102.15 Price / Sq. Ft. $81.52

Sq. Ft. 4,650 Sq. Ft. 9,200

Total Units 74 Total Units 70

Occupancy 100% Occupancy 97%

Year Built 1980 Year Built 1979

Acreage 0.31 Acreage 1.18

Lot Size 13,504 Lot Size 51,401

Distance Subject Distance 3.8 Miles

Address 3100 Mount Pinos Way Address 6403 Frazier Mountain Park

Frazier Park, CA 93222 Frazier Park, CA 93243

Closing Date 10/3/2016 Closing Date 8/4/2016

Sales Price $6,000,000 Sales Price $1,137,500

Cap Rate 6.50% Cap Rate 5.00%

Price / Sq. Ft. $80.52 Price / Sq. Ft. $36.93

Sq. Ft. 74,515 Sq. Ft. 30,800

Total Units 813 Total Units 291

Occupancy 92% Occupancy 73%

Year Built 1982 Year Built 1988

Acreage 6.28 Acreage 1.59

Lot Size 273,557 Lot Size 69,260

Distance 42 Miles Distance 46 Miles

Address 4601 White Lane Address 201 4th Street

Bakersfield, CA 93309 Bakersfield, Ca 93304

Closing Date 8/1/2016 Closing Date 3/17/2017

Sales Price $4,625,000 Sales Price $1,000,000

Cap Rate 6.62% Cap Rate 5.00%

Price / Sq. Ft. $38.64 Price / Sq. Ft. $34.21

Sq. Ft. 119,700 Sq. Ft. 29,235

Total Units 251 Total Units 200

Occupancy 80% Occupancy 80%

Year Built 2005 Year Built 1982

Acreage 6.36 Acreage 1.96

Lot Size 277,042 Lot Size 85,378

Distance 51 Miles Distance 42 Miles

Address 3023 Unicorn Drive Address 3201 South Chester Ave

Bakersfield, Ca 93308 Bakersfield, CA 93304

Stow-Away Maxi

AAA Mini Storage

Cedar Brook

SUBJECT PROPERTY

Stor It Self Storage & RV

USA Maxi Storage

SALES COMPARABLE SUMMARY

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

Property Name

Year

Built Lot Size Square Feet

# of

Units

Occupancy

Rates Sales Price

Price /

Sq.Ft. Cap Rate Closing Date

SUBJECT PROPERTY 1980 13,504 13,504 74 100% 475,000$ 102.15$ 7.69% On Market

Stow-Away Maxi 1979 51,401 9,200 70 97% 750,000$ 81.52$ 6.00% 4/21/2017

Stor It Self Storage & RV1982 273,557 74,515 813 92% 6,000,000$ 80.52$ 6.50% 10/3/2016

AAA Mini Storage 1988 69,260 30,800 291 73% 1,137,500$ 36.93$ 5.00% 8/4/2016

USA Maxi Storage 2005 277,042 119,700 251 80% 4,625,000$ 38.64$ 6.62% 8/1/2016

Cedar Brook 1982 85,378 29,235 200 80% 1,000,000$ 34.21$ 5.00% 3/17/2017

Market Averages 1987 151,327 52,690 325 84% 2,702,500$ 54.36$ 5.82%

Judy’s Mini Storage is a great starter property for a first time storage buyer.The property is low maintenance and personnel is only needed on-site twodays per week from 12pm to 4pm. Current owner is rarely at the propertyand only goes to collect rent payments or address a maintenance issue.

The property has been 100% occupied with a waiting list for the past yearand surrounding facilities are also near full occupancy. There is potential toincrease rents and add another 10%-20% to the gross income.

The buyer will have an easy time owning this facility and generating apositive return with a small amount invested.

Current owner is selling due to health issues and retirement.

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 28:19