192 HARTNELL REDDING, CA NEW OWNER! - MAJOR REMODEL UNDERWAY!

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1 5,719 SF ON 0.55 ACRES SALE OR LEASE 192 HARTNELL REDDING, CA NEW OWNER! - MAJOR REMODEL UNDERWAY! E NAM HE RE bles tone Plaz a Sh opp ing Cen te r PROPERTY HIGHLIGHTS 5,719 SF freestanding retail/office building on 0.55 acres of land Signalized intersection with strong neighborhood traffic volume Excellent visibility and access to cross-river traffic on East Cypress Avenue Located at the primary entrance to the new Dignity Health Clinic Situated within the Cobblestone Plaza Shopping Center Center is under new ownership and is undergoing major renovation Rare opportunity to purchase a freestanding building within a shopping center Upscale neighborhood among many new and high value developments Cob SALE: $989,000 ($173/SF) LEASE $9,608mo. ($1.68/SF NNN)

2 PROPERTY OVERVIEW Northstate Commercial Partners is pleased to offer for the first time, this freestanding retail/commercial building and outparcel located within the Cobblestone Plaza Shopping Center. The retail pad is situated on a signalized corner and is at the primary entrance to the new Dignity health clinic (North State Pavilion). This 140,000 SF clinic will be staffed by more than 100 medical office professionals with an average annual income in excess of $100,000. In addition, the complex will treat ±2,000 patents per day, making this facility perhaps the most active in the entire trade area. In addition to the clinic development, Dignity will construct a boat ramp and bike trail system, effectively connecting the Cobblestone Shopping Center to the cultural and recreational heart of the community. All this foot, vehicle and bike traffic will pass directly in front of the Subject Property (or within extreme proximity). In effect, 192 Hartnell Av. Will soon become Redding s version of beach front property. Don t miss this once in a generation opportunity to own this prestigious commercial property New Ownership The Cobblestone Shopping Center is now under the ownership and management of Ethan Conrad Properties and is being actively remodeled, managed and leased now. With the addition of the new Dignity Health Clinic and the Prestige Health Clinic across the street, the surrounding neighborhood will return to its former glory. Cobblestone Shopping Center is located in the heart of Redding, California. The center is visible and easily accessible from East Cypress Avenue, one of the few bridges across the Sacramento River in Shasta County. DEMOGRAPHICS: 1 mile 3 miles 5 miles CALL OUR OFFICE OR YOUR BROKER FOR DETAILS Population: 5,997 63,545 94,415 Avg. HHI $40,200 $55,875 $60,953 Daytime Population: 11,160 42,323 52,826 TRAFFIC COUNTS: Hartnell Ave: 17,980 E Cypress Ave: 31,078

3 FLOOR PLAN

4 Site Plan ,719 SF 192

5 CONSTRUCTION HAS STARTED! Dignity Health Regional Medical Clinic Dignity Health has started construction on a regional wellness center adjacent to the Cobblestone Shopping Center. Highlights of the project are summarized below: 140,000 SF Subject Property 100+ full time jobs in the health care field* Average pay will be in excess of $100,000/year* The project will include: Dignity Health Clinic Kayak/boat launch Pull-thru parking for cars with boat trailers Extension of the Sacramento River trail system Restoration of the rivers natural habitat A complete array of dental, medical and wellness services. Patient visits in excess of 2,000 per day (500,000/yr.)* Proximity to Cobblestone Call us for more details. *estimated, not verified Rendering of Dignity Health Clinic (now under construction)

6 Neighborhood Aerial Downtown Mall SUBJECT PROPERTY

7 A NEW BEGINNING FOR COBBLESTONE SHOPPING CENTER It is with the greatest anticipation and excitement that we are pleased to announce the recent acquisition of the Cobblestone Shopping Center by Ethan Conrad Properties. Located in Sacramento CA, Ethan Conrad has developed a reputation as a turnaround expert for some of the Northstate s most challenging properties. Today, Ethan Conrad Properties has over 6,000,000 SF (retail, office, industrial) under ownership throughout the North State supporting over 1,100 satisfied tenants. Cobblestone Shopping Center will soon be added to this list, as will present and future tenants of this center. Some of the remodel and restoration efforts that Ethan will undertake include: Seal coat and restripe the parking lot LED lighting of the exterior and common areas Restoration of landscaping New, larger pylon signage on Cypress Av. Complete repaint with modernized color scheme General repair and maintenance of all portions of the property Ethan s dedicated work force has already been to the property to assess its condition and itemize the deferred maintenance. They have also created a scaled drawing of every vacant space, allowing tenants and their engineers and contractors to map out renovations and improvement plans with speed and accuracy, get open faster and start making money sooner. Ethan recognizes that the path to retail success is SALES. If he can improve his shopping center to elevate the sales of his tenants, everyone is happy. If you re ready to roll up your sleeves and get to work on a new and vibrant retail experience, Ethan is ready too! For more information on Ethan Conrad and his company, please visit For a complete scope of renovation and remodel work at Cobblestone Shopping Center, read the following page

8 EXTERIOR SCOPE OF WORK DETAIL Exterior Items: Trees: Remove two Birch trees and two Fan Palms. Remove all Pine trees and replace with Maples. Remove every other tree along perimeter. Remove mushroom trees. Clear out trees and bushes along Henderson Street. Remove every other tree on Parkview. Prune, raise, and shape all trees for greater visibility. Landscaping: Remove unattractive bushes at Burrito Bandito and dead shrubs at Humble Joe s and replace with Fortnights. Remove shrubs at parking stalls in front and replace with Fortnights. Remove shrubs along road by Burrito Bandito. Add mulch to tree wells as necessary. Investigate and repair irrigation as necessary. Pressure wash and seal four planters in courtyard, and assess attractive upgrade options for planters. Asphalt and Parking Lot: Repair asphalt as necessary. Seal and stripe parking lot. Sidewalks and Concrete: Fill sidewalk cracks with an Ardex or concrete patching material, and seal concrete. Masonry: Clean and seal CMU block with a light sealer. Pressure wash and paint CMU at Kragen. Add stucco to wood sign bands. Wood and Siding: Repair or replace wood columns and miscellaneous dry rot. Roof: Pressure wash and seal roof tiles. HVAC Units: Replaced and/or refurbished, subject to separate report (pending). Storefronts and Windows: Install new ADA compliant push/pull hardware and weather stripping on all storefronts. Remove window tint and blinds from storefront windows. Rear Exit Doors: Replace weather stripping, rain drips, and door sweeps as needed. Paint all rear exit doors as part of the exterior paint project. Paint: Paint wood members with a Timeless or similar product. Caulk and paint underside of soffit with a two color scheme. Paint all site work including transformers, bollards, light poles, and bases. Signage: Under review by City of Redding Equipment and Site Furnishings: Remove old bailer at back of property. Clean up and remove old obsolete items. Lighting: Install caps at old light fixture openings in the soffit area. Repair the light fixture dome at courtyard. Possibly install festoon lights in sections. Cobblestone Shopping Center Neighborhood Photos Dignity Health Clinic Red Cliff Business Park City Hall Next Door Shasta-Trinity Clinic.42 Miles Cypress Auto Mall Row.63 Miles Next Door.25 Miles