KW COMMERCIAL

2500 S Power Rd. Suite 121

Mesa, AZ 85209TONY PRESTONManaging Director0: 480.854.2400C: 602.615.1383tony.preston@kw.comAZ #BR107734000

Del Rio Lodge

OFFERING MEMORANDUM

PRESENTED BY:

MESA, AZ

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 2

KW COMMERCIAL

2500 S Power Rd. Suite 121

Mesa, AZ 85209

Confidentiality & Disclaimer

TONY PRESTONManaging Director0: 480.854.2400C: 602.615.1383tony.preston@kw.comAZ #BR107734000

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Integrity First Realty -- Mesa/Gilbert in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

MESA, AZ

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

ADDITIONAL PHOTOS

1PROPERTY INFORMATIONDEL RIO LODGE

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 4

OFFERING SUMMARY

SALE PRICE: $4,300,000

LOT SIZE: 82,375 SF

BUILDING SIZE: 17,811 SF

ZONING: RM-4

TRAFFIC COUNT: 16,237

PRICE / SF: $241.42

PROPERTY OVERVIEWGreat investment redevelopment play in an opportunity zone. Currently 58 doorfully furnished vacation and extended stay motel. Opportunity to convert tomultiple story multi-family (4 stories.) Located between City of Mesa’s Downtown,Fiesta and Riverview business districts and City of Tempe’s economic hub. Thearea’s business environment is surrounded by Mesa Community College’s20,000+ (2.3 miles) student campus, Arizona State University’s 55,000 studentMain Campus (3.5 miles along the same light trail public train) and AthleticComplex, Chicago Cub’s 15,000 seat Spring Training Complex (1.7 miles), andBanner Desert Medical Center & Cardon Children’s 785-bed Medical Center (2.3Miles.) The light rail station is across the street (property has 300 feet of frontage)and minutes from Loop 101, Loop 202, and US 60. Mesa is the 2nd largest city inthe Phoenix Metro, 3rd largest in Arizona and 35th largest city in the US.

PROPERTY HIGHLIGHTS• Property located in a federal opportunity zone

• 4 story redevelopment opportunity (Multifamily or medium/high density inFll)

• Located between Mesa’s Downtown, Fiesta, and Riverview business districts and Tempe’seconomic hub

• Banner Desert Medical Center & Cardon Children’s Medical Center 785 bed (2 miles away)

• Mesa Community College 20,000+ Students (2.4 miles away)

• ASU Main Campus and Athletic Complex 55,000 students (3.5 miles away)

• Chicago Cub’s Spring Training Complex 15,000 seats (1.7 miles away)

Executive Summary

DEL RIO LODGE 1 | PROPERTY INFORMATION

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PROPERTY OVERVIEW

Great investment to cash Gow while working towards aredevelopment play in an opportunity zone. Currently 58 door fullyfurnished vacation and extended stay motel. Kitchenettes, studiosand suites equipped with refrigerator, electric stove, microwave,coffee pot, toaster, pots, pans, plates and utensils.

Current zoning allow for the opportunity to convert to multiplestory multi-family or medium/high density residential (4 stories.)

LOCATION OVERVIEW

Located between City of Mesa’s Downtown, Fiesta and Riverviewbusiness districts and City of Tempe’s economic hub. The area’sbusiness environment is surrounded by Mesa CommunityCollege’s 20,000+ (2.3 miles) student campus, Arizona StateUniversity’s 55,000 student Main Campus (3.5 miles along thesame light trail public train) and Athletic Complex, Chicago Cub’s15,000 seat Spring Training Complex (1.7 miles), and BannerDesert Medical Center & Cardon Children’s 785-bed MedicalCenter (2.3 Miles.) The light rail station is across the street(property has 300 feet of frontage) and minutes from Loop 101,Loop 202, and US 60. Mesa is the 2nd largest city in the PhoenixMetro, 3rd largest in Arizona and 35th largest city in the US.

Property Description

DEL RIO LODGE 1 | PROPERTY INFORMATION

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SALE PRICE $4,300,000

LOCATION INFORMATION

Building Name Del Rio Lodge

Street Address 2200 W Main St

City, State, Zip Mesa, AZ 85201

County/Township Maricopa

BUILDING INFORMATION

Building Size 17,811 SF

Price / SF $241.42

Load Factor Yes

PROPERTY DETAILS

Property Type Hospitality

Property Subtype Extended Stay

Zoning RM-4

Lot Size 82,375 SF

APN# 135-45-003-C, 135-45-001, 135-45-002, 135-45-003-A, 135-45-004-A

Lot Frontage 280

Corner Property Yes

TrafFc Count 16,237

TrafFc Count Street W Main St

Property Details

DEL RIO LODGE 1 | PROPERTY INFORMATION

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Additional Photos

DEL RIO LODGE 1 | PROPERTY INFORMATION

LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

2LOCATION INFORMATIONDEL RIO LODGE

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 9

Del Rio Lodge

Regional Map

DEL RIO LODGE 2 | LOCATION INFORMATION

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Location Maps

DEL RIO LODGE 2 | LOCATION INFORMATION

DEMOGRAPHICS

3 | DEMOGRAPHICS

DEMOGRAPHICS MAP

3DEMOGRAPHICSDEL RIO LODGE

OFFERING MEMORANDUM

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POPULATION 1 MILE 2 MILES 3 MILES

Total population 16,659 65,878 130,280

Median age 28.2 29.7 29.7

Median age (male) 28.8 29.2 29.2

Median age (Female) 27.9 30.1 30.3

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 6,782 27,747 53,277

# of persons per HH 2.5 2.4 2.4

Average HH income $41,727 $45,405 $48,725

Average house value $128,028 $142,824 $177,604

* Demographic data derived from 2010 US Census

Demographics Map

DEL RIO LODGE 3 | DEMOGRAPHICS

ADDITIONAL INFORMATION

4 | ADDITIONAL INFORMATION

SITE PLAN

4ADDITIONAL INFORMATIONDEL RIO LODGE

OFFERING MEMORANDUM

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Site Plan

DEL RIO LODGE 4 | ADDITIONAL INFORMATION