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2375 Forest Ave San Jose, Ca 95128 Offering Memorandum Confidentiality and Disclaimer

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2375 Forest Ave San Jose, Ca 95128 Offering Memorandum Confidentiality and Disclaimer 2375 FOREST AVE SAN JOSE, CA 95128 OFFERING MEMORANDUM CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NON-ENDORSEMENT NOTICE Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorse- ment by, said corporation of M&M, its affiliates or subsidiaries, or any agent, product, service, or com- mercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corpora- tion’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. SPECIAL COVID-19 NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the un- predictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involv- ing the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.) ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. exclusively listed Investment Sales: Jimmy Castellanos Senior Associate Investments PALO ALTO (650) 391-1777 Direct (408) 483-5040 Mobile [email protected] License: CA 02024152 Josh Johnson First Vice President Investments PALO ALTO (650) 391-1784 Direct [email protected] License: CA 01930127 Broker Of Record: Adam Christofferson Broker Encino Office Tel: (818) 212-2750 Fax: (818) 212-2710 [email protected] License: CA 01240999 OFFICES NATIONWIDE www.marcusmillichap.com Table of Contents EXECUTIVE SUMMARY Offering Summary . 2 PROPERTY DESCRIPTION Investment Overview . 4 Investment Highlights . 5 Interior Photos . 6 Aerial Map . 8 MARKET OVERVIEW Demographics . .10 Demographics . .11 executive summary Offering Summary SUMMARY EXECUTIVE 2375 FOREST AVE SAN JOSE, CA 95128 THE OFFERING UTILITIES Property 2375 Forest Ave* Water Individually Metered PROPERTY DESCRIPTION Property Address 2375 Forest Ave, San Jose, CA Electric Individually Metered Price $1,888,000 Gas Individually Metered Assessors Parcel Number 274-45-077 Zoning CO, Commercial Office CONSTRUCTION * This is a medical office building. Foundation Perimeter Framing Wood Frame ANALYSIS FINANCIAL SITE DESCRIPTION Exterior Stucco Number of Floors One Parking Surface Concrete Year Built/Renovated 1970/2015 Roof Composition Shingles Rentable Square Feet 1,512 SF Ownership Fee Simple MECHANICAL Lot Size 0.13 acre(s) HVAC Central Air Parking Six Spaces COMPARABLES Parking Ratio 3.96/1,000 SF Topography Slightly Above Grade Intersection/Cross Street North Baywood Avenue MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are 2 approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap property description Investment Overview 2375 Forest Avenue is a 1,512-square-foot deluxe boutique medical office building SUMMARY EXECUTIVE situated on a 5,800-square-foot site across from Westfield Valley Fair in San Jose, California. This meticulously well-maintained medical office has been completely rehabilitated by the seller to provide occupants with private, yet accessible, office space that is unrivaled by any other owner-occupied medical office building in the neighborhood. The building features two private entrances, two patient waiting rooms, and four private patient consultation rooms, making it ideal for either one or two occupants. The property features six on-site parking spaces and there is ample street parking along Baywood Avenue. PROPERTY DESCRIPTION 2375 Forest Avenue is located directly across from Westfield Valley Fair, which recently underwent a $1.1 billion expansion and renovation and a short distance from Santana Row. Additionally, the property is near O’Connor Hospital, Valley Medical Center, and a large concentration of medical office buildings along Forest Avenue. The property is centrally located in Silicon Valley and is easily accessible from Interstate 280 and Interstate 880. It is in a densely-populated neighborhood near major tech employers and universities, allowing for a dynamic demographic of potential patients ANALYSIS FINANCIAL and clientele. This property is in the Cory Neighborhood of San Jose, which is a quaint tree-lined residential neighborhood where home values have averaged $1.3 million over the past three years. The subject property offers an investor or owner/ user the opportunity to own a well-located, pride of ownership medical office building in an area that will continue to see a high demand for conveniently-located office space COMPARABLES MARKET OVERVIEW This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future 4 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap EXECUTIVE Investment Highlights SUMMARY ■ Ideal Owner/User or Investor Medical Office Opportunity ■ Exceptionally Well-Located Property Across Westfield Valley Fair in San Jose ■ Turnkey Property with more than $500,000 in Recent Capital Improvements ■ Building Configuration Allows for One or Two Tenants DESCRIPTION PROPERTY ■ Proximate to O’Connor Hospital, Valley Medical Center, and a Concentration of Medical Office Buildings Along Forest Avenue ■ Easily Accessible from Interstate 280 and Interstate 880 ■ Densely-Populated Neighborhood with Attractive Income Demographic FINANCIAL ANALYSIS COMPARABLES OVERVIEW MARKET This information has been
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