PWS Laundry 994 South 1st Street, San Jose, CA 95110 $2,045,000 | 4.5% Cap Rate

Renz & Renz George L. Renz, CCIM [email protected] 408.846.1031 Summary of Salients

PWS Laundry Property Highlights 994 South 1st Street, San Jose, CA 95110

List Price $2,045,000 • Net Leased Single Tenant Cap Rate 4.5% • Landlord responsible for Roof & Structure (New Roof 2019) Rent $7,667.13 Monthly | $92,005.56 Annually • Rare 20% Rent Increases every 5 years • Roof Replacement in 2019 Rent Increases Rare 20% every 5 years • Reasonable Rent Zoning M1 • Major improvements made by Tenant Building Size 4,625 SqFt • 8 years Remaining on Lease Lot Size 6,098 SqFt

PWS Laundry | 994 South 1st Street, San Jose, CA 95110 Tenant Overview

Tenant Summary About PWS, Inc. PWS, Inc. operates as a distributor, developer, and broker to the commercial laundry industry. It sells commercial laundry parts and Tenant Trade Name PWS Laundry replacement parts; laundry carts and baskets, trucks, detergents and soaps, scales, cart and truck accessories, hampers and racks, bags, Current Rent $7,667.13 Monthly | $92,005.56 Annually and miscellaneous laundry supplies; and laundromat furniture and Landlord Responsibilities Roof & Structure signs. The company also sells new and existing laundromat equip- ment, multi-housing laundry equipment, on-premise laundry equip- Lease Comencement Date 2006 ment, used commercial laundry equipment, and coin changers. In Term Remaining on Lease 8 years addition, it offers remodeling, design, and build-to-suit services; and equipment sales, financing, leasing, and revenue sharing services Rental Increases 20% Increase with each Option exercised for laundry and equipment purchases. Further, the company sells commercial laundry equipment to laundromats, apartment houses, Options Three 5-year Options hotels, motels, camp grounds, hospitals, schools, gyms, and other on-premise commercial laundry users through its sales agents in the Lease Increases & Option Breakdown . Furthermore, it develops laundromats, coin laundries, Monthly Rent Annual Rent and laundries. The company also provides laundry supplies and parts online. PWS, Inc. was founded in 1968 and is based in South Current Term May 1, 2017 - April 30, 2022 $7,667.13 $92,005.56 Gate, . The company has additional offices in , May 1, 2022 - April 30, 2027 $9,200.55 $110,406.67 San Francisco, and San Diego, California; and Las Vegas, Nevada. PWS, Inc. operates as a subsidiary of PWS Investments, Inc. PWS, Option 1 May 1, 2027 - April 30, 2032 $11,040.66 $132,487.92 Inc. has built and sold thousands of Laundry Facilities over the last Option 2 May 1, 2032 - April 30, 2037 $13,248.79 $158,985.48 50 years. They currently own and operate 36 facilities.

Option 3 May 1, 2037 - April 30, 2042 $15,898.54 $190,782.48 ***information gathered from the Bloomberg website: https://www.bloomberg.com/research/ stocks/private/snapshot.asp?privcapId=4420172 PWS Laundry | 994 South 1st Street, San Jose, CA 95110 Location Overview

ABOUT SAN JOSE San Jose is an economic, cultural, and political center of the , and the largest city in Northern California (both in population and area). San Jose is the county seat of Santa Clara County which is the most afflu- ent county in California. San Jose’s location within the booming high tech industry, as a cultural, political, and economic center has earned the city the nickname “Capital of Silicon Valley”. San Jose is one of the wealthiest major cities in the United States and the world, and has the highest GDP per capita in the world (after Zurich, Switzerland, and Oslo, Norway), Population according to the Brookings Institution. San Jose has the most expensive housing market in the world, according to the 2017 Demographia Interna- 1 Mile 3 Miles 5 Miles tional Housing Affordability Survey. Major global tech companies includ- 2010 34,500 261,662 664,127 ing , eBay, Adobe Systems, PayPal, Brocade, Samsung, Acer, Hewlett Packard Enterprise, and Western Digital maintain their headquar- 2018 38,369 287,687 716,656 ters in San Jose. 2023 (projected) 40,589 304,640 749,517 The City’s well-known communities within San Jose include Japantown, Rose Garden, Midtown San Jose, Willow Glen, Naglee Pak, Burbank, Win- Households chester, Alviso, East Foothills, Alum Rock, Communications GHills, Little 1 Mile 3 Miles 5 Miles Portugal, Blossom Valley, Cambrian, Almaden Valley, , Evergreen Valley, Edenvale, Santa Teresa, Seven Trees, Coyote Valley, and 2010 10,572 83,276 210,196 Berryessa. These areas are filled with culture, innovative tech companies, 2018 11,867 91,413 224,778 and beautiful parks.

2023 (projected) 12,614 96,921 234,528 Notable landmarks in San Jose include Children’s Discovery Museum of 2018 Average Size 2.92 3.05 3.12 San Jose, at , Cathedral Basilica of St. Joseph, Pla- za de César Chávez, Dr. Martin Luther King, Jr. Library, , Rosicrucian Egyptian Museum, , , 2018 Households Income SAP Center at San Jose, , , Sikh Gurdwara 1 Mile 3 Miles 5 Miles of San Jose, , San Jose Municipal Stadium, Spartan Stadium, Japantown San Jose, , , Circle of Median Income $49,868 $67,973 $80,199 Palms Plaza, , , Oak Hill Memorial Average Income $74,044 $99,951 $109,205 Park, San Jose electric light tower, and The Tech Museum of Innovation.

Per Capita Income $24,624 $32,638 $34,930 ***information gathered from the Wikipedia website:https://en.wikipedia.org/wiki/San_Jose,_California

PWS Laundry | 994 South 1st Street, San Jose, CA 95110 Surrounding Area Map

PWS Laundry | 994 South 1st Street, San Jose, CA 95110 Aerial Map PWS Laundry | 994 South 1st Street, San Jose, CA 95110 EXCLUSIVELY LISTED BY

GEORGE L. RENZ, CCIM

Renz & Renz Investment & Commercial Brokerage

408-846-1031 office 408-846-1042 fax [email protected] BRE License # 00854816

DISCLOSURE & NON-DISCLOSURE Information contained herein was obtained from the owner or sources we deem reliable. We have no reason to doubt its accuracy, but do not guarantee it. Prospective buyers should investigate and verify all information pertaining to the property. Recievers of this information commit to using it solely for it’s purpose and not to disseminate Seller or Tenant information for any other use. PWS Laundry | 994 South 1st Street, San Jose, CA 95110 Investment & Improved Listings Net Leased Single Tenant Manufactured Housing - San Jose, CA - $11,780,000 Strip Center at Travis Air Force Base Entrance - Fairfield, CA - $2,195,000 Net Leased Single Tenant PWS Laundry - San Jose, CA - $2,045,000 Net Leased Single Tenant Dollar General - New Mexico - $1,900,000 Soccer Fields, Batting Cages, etc. on 10.37 Acres - San Martin, CA - $2,300,000 Prime Vacant Restaurant - Yuma, AZ - $1,900,000 Agricultural 22,000 SqFt Building on 39.39 Acres - Gilroy, CA - $1,900,000 Prior Feed Store Location - Gilroy, CA - $1,050,000

Land & Development Projects Rare 82 Acres of Industrial/Commercial within the City of Gilroy, CA - $16,815,000 2 Seperate Parcels totaling 12.84 Acres of Industrial/Commercial Land next to Walmart - Gilroy, CA - $7,400,000 Apartment Project on 7.67 Acres - Salinas, CA - $1,700,000 5 Acres of Retail Land on Hwy 152 - Los Banos, CA - $2,300,000 3.69 Acres of M-2 Zoned Industrial Land - Gilroy, CA - $1,750,000 3 Acres of M-2 Zoned Industrial Land - Gilroy, CA - $1,250,000 3.14 Acres Zoned for High-Denisty Residential - Manteca, CA - $1,250,000 1.89 Acres on Corner Lot - Hollister, CA - $1,000,000 2.8 Acres of Hwy Commercial on Corner of Hwy 152 & Hwy 33 - Dos Palos, CA - $299,000

GEORGE L. RENZ, CCIM, SIOR, ALC Renz & Renz Investment & Commercial Brokerage 408-846-1031 office | 408-846-1042 fax| [email protected] | BRE License # 00854816

PWS Laundry | 994 South 1st Street, San Jose, CA 95110 EXCLUSIVELY LISTED BY

GEORGE L. RENZ, CCIM

Renz & Renz Investment & Commercial Brokerage

408-846-1031 office 408-846-1042 fax [email protected] BRE License # 00854816

DISCLOSURE & NON-DISCLOSURE Information contained herein was obtained from the owner or sources we deem reliable. We have no reason to doubt its accuracy, but do not guarantee it. Prospective buyers should investigate and verify all information pertaining to the property. Recievers of this information commit to using it solely for it’s purpose and not to disseminate Seller or Tenant information for any other use.