982 East Main Street, Santa Paula, CA – IN ESCROW

The Santa Paula Designated Local Authority (“Seller”) is looking to identify buyers for the historic Tower Theater (“Site”) in the City of Santa Paula in the County of Ventura.

The Site is located in the downtown corridor area of the City of Santa Paula zoned CBD, retail/commercial/office. Santa Paula is a dynamic community, with vibrant residential, commercial, and industrial areas.

The selected buyer will benefit from a retail / office tenant opportunity in a walkable downtown storefront area in a superior community with strong market demand.

$/Sq.Ft: $102
Neighborhood/Subdivision: N/A
Preferred Development: Commercial/Retail/Office

APN: 103-0113-095

This offering of the Opportunity Site is being conducted exclusively by the Santa Paula Designated Local Authority (“DLA”). All questions and inquiries should be directed to
DLA representative listed herein. Seller (DLA) reserves the right to alter the Transaction Guidelines in their sole discretion.
DLA representative is available to assist prospective buyers to arrange on-site inspections and to answer any questions
related to information contained in this Offering Memorandum. The prospective buyer will be selected by the Seller in its sole and absolute discretion based on a variety of factors including, but not limited to:
• Purchase price
• Timing of due diligence and closing period
• Contingencies
• Financial capacity
Seller requests that Buyer disclose the proposed use of Site (Proposed use will not be a considered as a factor in the selection process)

Buyer(s) must submit offers no later than 4:00 p.m. PST on Friday, October 12, 2018. Prior to submitting an offer, buyer(s) are encouraged to verify the intended use of the property with the City to the satisfaction of buyer(s). Buyer(s) must submit an offer in writing via mail or electronically (preferred) to:

Kosmont Realty (License # 02058445)*
Attn: Mr. Christopher Jicha, Staff Santa Paula Designated Local Authority
1601 N. Sepulveda Blvd., # 382
Manhattan Beach, CA 90266

951-203-8730

OR

Kosmont Realty (License # 02058445)*
Attn: Ms. Sabrina Pareja
1601 N. Sepulveda Blvd., # 382
Manhattan Beach, CA 90266

424-297-1074

* Kosmont Real Estate Services, dba “Kosmont Realty"

DISCLAIMER: Seller in its sole and absolute discretion may consider and select any offer received up until the deadline established herein (Friday, October 12, 2018 @ 4:00PM PST). It should be noted that Seller and KR reserve the right to alter the aforementioned terms and deadlines as contained herein in their sole and absolute discretion. The Property will be sold “As-Is, Where is” with no express representations or warranties, and any development entitlements will require City/Public Agency approval. The value of this transaction depends on multiple factors, which should be evaluated by your tax, financial and legal advisors. No express or implied representations have been made regarding subsurface compaction and/or the existence or non-existence of toxic waste, hazardous materials and/or undesirable substances in or on the Property. Seller has received all approvals necessary from the State Department of Finance (DOF) and is authorized to market the Property for sale pursuant to requirements contained in the California legislation known as ABx1 26, AB 1484, and SB 107. Final sale of the subject Property will require approval of the Oversight Board to the Santa Paula Successor Agency and the California Department of Finance (DOF).