North 13Th Mixed Use 700 N 13Th St • San Jose, CA 95112 1 NON- ENDORSEMENT and DISCLAIMER NOTICE

Offering Memorandum

North 13th Mixed Use 700 N 13th St • San Jose, CA 95112 1 NON- ENDORSEMENT AND DISCLAIMER NOTICE

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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

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 unpredictable 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 involving 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.

Non-Endorsement Notice 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 corporation'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.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

NORTH 13TH MIXED USE San Jose, CA ACT ID ZAB0010430

2 PRESENTED BY

Andres Lopez Senior Associate Member - National Multi Housing Group Palo Alto Office Tel: (650) 391-1700 Fax: (650) 391-1710 [email protected] License: CA 01936458

3 NORTH 13TH MIXED USE

TABLE OF CONTENTS

SECTION

MARKET COMPARABLES 01 Sales Comparables Rent Comparables

INVESTMENT OVERVIEW 02 Offering Summary Property Photos Feasibility Plan Regional Map Local Map Aerial Photo

FINANCIAL ANALYSIS 03 Rent Roll Summary Rent Roll Detail Rent Roll Summary Commercial Operating Statement Pricing Detail Acquisition Financing

MARKET OVERVIEW 04 Market Analysis Demographic Analysis

4 MARKET COMPARABLES NORTH 13TH MIXED USE

SALES COMPARABLES MAP

NORTH 13TH MIXED USE (SUBJECT)

1 1020 N 4th St

2 17 S 4th St

3 801-805 N 13th St

4 775 E Empire St

5 2114 Senter Rd

6 480 N 1st St

7 556 N 1st St

8 858-864 N 1st St

9 870 N 1st St

10 332 N 2nd St

11 251 -275 N 4th St

12 812 S 7th St

13 1939 Montery Rd Unit 2,3,4

14 97 E Saint James St South Almaden 15 Development

SALES COMPARABLES IN ESCROW COMPARABLES

6 PROPERTYNORTH 13THNAME MIXED USE

SALES COMPARABLES SALES COMPARABLES SALES COMPS AVG

IN ESCROW COMPARABLES IN ESCROW COMPS AVG

Average Price Per Square Foot

$800.00

$720.00

$640.00

$560.00

$480.00 Avg. $403.55 $400.00

$320.00

$240.00

$160.00 Avg. $127.84

$80.00

$0.00 North 13th 1020 17 S 4th St 801-805 N 775 E 2114 480 556 858-864 870 332 251 -275 812 1939 97 E Saint South Mixed Use N 4th St 13th St Empire St Senter Rd N 1st St N 1st St N 1st St N 1st St N 2nd St N 4th St S 7th St Montery Rd James St Almaden Unit 2,3,4 Development

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SALESMARKETING COMPARABLES TEAM

SALES COMPARABLES IN ESCROW COMPARABLES

1020 N 4TH ST 17 S 4TH ST NORTH 13TH MIXED USE 1020 N 4th St, San Jose, CA, 95512 17 S 4th St, San Jose, CA, 95112 700 N 13th St, San Jose, CA, 95112 1 2

rentpropertyname1 rentpropertyname1 rentpropertyname1

Tenants Type Tenants Type Tenants Type Offering Price $2,500,000 1 2br 1ba Close Of Escrow 8/27/2019 1 Retail Close Of Escrow 9/16/2919 1 Retail Price/SF $297.73 2 Retail Sales Price $6,798,000 Sales Price $1,850,000 CAP Rate 3.92% 2 Office Price/SF $472.08 Price/SF $701.82 Year Built 1930 Year Built 1948 Year Built 2019 Total Apartment Total Commercial Total Commercial 1 1 1 Units Suites Suites Total Commercial 4 Suites

rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1

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SALESMARKETING COMPARABLES TEAM

SALES COMPARABLES IN ESCROW COMPARABLES

801-805 N 13TH ST 775 E EMPIRE ST 2114 SENTER RD 801-805 N 13th St, San Jose, CA, 95112 775 E Empire St, San Jose, CA, 95112 2114 Senter Rd, San Jose, CA, 95112

3 4 5

rentpropertyname1 rentpropertyname1 rentpropertyname1

Tenants Type Tenants Type Tenants Type Close Of Escrow 1/21/2020 1 Retail Close Of Escrow 6/1/2019 1 Retail Close Of Escrow 2/1/2020 1 Retail Sales Price $850,000 Sales Price $2,500,000 Sales Price $550,000 Price/SF $304.44 Price/SF $247.33 Price/SF $350.77 Year Built 1949 Year Built 1948 Year Built 1993 Total Commercial Total Commercial Total Commercial 1 1 1 Suites Suites Suites

rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1

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SALESMARKETING COMPARABLES TEAM

SALES COMPARABLES IN ESCROW COMPARABLES

480 N 1ST ST 556 N 1ST ST 858-864 N 1ST ST 480 N 1st St, San Jose, CA, 95112 556 N 1st St, San Jose, CA, 95112 858-864 N 1st St, San Jose, CA, 95112

6 7 8

rentpropertyname1 rentpropertyname1 rentpropertyname1

Tenants Type Close Of Escrow 4/16/2020 1 Office Close of Escrow 7/11/2019 Close of Escrow 8/9/2019 Sales Price $6,500,000 Days On Market 120 Days On Market 491 Price/SF $375.94 Sales Price $2,830,000 Sales Price $1,226,672 CAP Rate 6.84% Rentable SF 8,350 Rentable SF 2,732 Year Built 1963 Price/SF $338.92 Price/SF $449.00 Total Commercial 1 Year Built 1961 Year Built 1946 Suites Occupancy 100%

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SALESMARKETING COMPARABLES TEAM

SALES COMPARABLES IN ESCROW COMPARABLES

870 N 1ST ST 332 N 2ND ST 251 -275 N 4TH ST 870 N 1st St, San Jose, CA, 95112 332 N 2nd St, San Jose, CA, 95112 251 -275 N 4th St, San Jose, CA, 95112

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rentpropertyname1 rentpropertyname1 rentpropertyname1

Close of Escrow 8/9/2019 Close of Escrow 12/17/2019 Close of Escrow 7/19/2019 Days On Market 491 Days On Market 294 Sales Price $3,000,000 Sales Price $573,328 Sales Price $1,300,000 Rentable SF 9,166 Rentable SF 2,365 Rentable SF 2,417 Price/SF $327.30 Price/SF $242.42 Price/SF $537.86 Year Built 1954 Year Built 1946 Year Built 1905 Occupancy 100% Occupancy 100% Occupancy 100%

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SALESMARKETING COMPARABLES TEAM

SALES COMPARABLES IN ESCROW COMPARABLES

812 S 7TH ST 1939 MONTERY RD UNIT 2,3,4 97 E SAINT JAMES ST 812 S 7th St, San Jose, CA, 95112 1939 Montery Rd , San Jose, CA, 95112 97 E Saint James St, San Jose, CA, 95112

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rentpropertyname1 rentpropertyname1 rentpropertyname1

Close of Escrow 9/25/2019 Close of Escrow 12/23/2019 Close of Escrow 6/5/2019 Days On Market 322 Days On Market 370 Days On Market 84 Sales Price $935,000 Sales Price $1,500,000 Sales Price $964,000 Rentable SF 1,460 Rentable SF 5,591 Rentable SF 2,452 Price/SF $640.41 Price/SF $268.29 Price/SF $393.15 Year Built 1902 Year Built 2001 CAP Rate 4.88% Occupancy 100% Occupancy 100% Year Built 1986 Occupancy 100%

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SALESMARKETING COMPARABLES TEAM

SALES COMPARABLES IN ESCROW COMPARABLES

SOUTH ALMADEN DEVELOPMENT 797 S Almaden Ave, San Jose, CA, 95110

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In Escrow List Price $3,550,000 Price/SF $127.84 Year Built 1920

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NOTES Price per square foot is based on land size divided by In-escrow value.

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8 RENT COMPARABLES MAP

NORTH 13TH MIXED USE (SUBJECT)

1 123 Jackson St

2 Bel Air Plaza

3 452-456 E Hedding St

4 2266-2268 Senter Rd

5 215 E Taylor St

Community Center 6 Professional Office

7 1155 N 1st St

8 Medical Arts Building

9 Atrium at the Airport

10 427-451 Reynolds Cir

11 470-472 S 10th St

12 478-498 Reynolds Cir

13 Physical Surgeons Building

14 1415 Koll Cir - Building 11

15 625 Wool Creek Dr

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RENT COMPARABLES AVERAGE OCCUPANCY

100

90 Avg. 83.79%

0 North 13th 123 Bel Air 452-456 E 2266-2268 215 E Community 1155 Medical Atrium at 427-451 470-472 S 478-498 Physical 1415 Koll 625 Wool Mixed Use Jackson St Plaza Hedding St Senter Rd Taylor St Center N 1st St Arts the Airport Reynolds 10th St Reynolds Surgeons Cir - Creek Dr Professional Building Cir Cir Building Building 11 Office

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RENT COMPARABLES AVERAGE RENT - COMMERCIAL

Office Retail Office Avg Retail Avg

$8,000

$7,200

$6,400

$5,600

$4,800 Avg. $4,613

$4,000

$3,200 Avg. $2,895

$2,400

$1,600

$800

$0 North 13th 123 Bel Air 452-456 E 2266-2268 215 E Community 1155 Medical Atrium at 427-451 470-472 S 478-498 Physical 1415 Koll 625 Wool Mixed Use Jackson St Plaza Hedding St Senter Rd Taylor St Center N 1st St Arts the Airport Reynolds 10th St Reynolds Surgeons Cir - Creek Dr Professional Building Cir Cir Building Building 11 Office

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RENTMARKETING COMPARABLES TEAM

123 JACKSON ST BEL AIR PLAZA NORTH 13TH MIXED USE 123 Jackson St, San Jose , CA, 95112 1751 N 1st St, San Jose, CA, 95112 700 N 13th St, San Jose, CA, 95112 1 2

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Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Type Tenant Avg. SF Avg. Monthly Rent Rent/SF 2br 1ba 1 2,200 $2,100 $0.95 Retail 1 5,500 $6,875 $1.25 Retail 1 1,500 $7,425 $4.95 Total/Avg. 1 2,200 Retail 2 2,302 $3,858 $20.11 Office 2 796 $1,700 $25.61

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RENTMARKETING COMPARABLES TEAM

452-456 E HEDDING ST 2266-2268 SENTER RD 215 E TAYLOR ST 452-456 E Hedding St, San Jose, CA, 95112 2266-2268 Senter Rd - Building A, San Jose, CA, 95112 215 E Taylor St, San Jose, CA, 95112

3 4 5

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Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Retail 1 1,090 $2,180 $2.00 Retail 1 1,073 $2,683 $2.50 Retail 2 1,500 $3,900 $2.60

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RENTMARKETING COMPARABLES TEAM

COMMUNITY CENTER PROFESSIONAL OFFICE 1155 N 1ST ST MEDICAL ARTS BUILDING 652-670 E Santa Clara St, San Jose, CA, 95112 1155 N 1st St, San Jose, CA, 95112 696 E Santa Clara St, San Jose, CA, 95112

6 7 8

rentpropertyname1 rentpropertyname1 rentpropertyname1

Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Office 7 528 $1,320 $2.50 Office 2 920 $2,392 $2.60 Office 1 1,000 $1,500 $1.50

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RENTMARKETING COMPARABLES TEAM

ATRIUM AT THE AIRPORT 427-451 REYNOLDS CIR 470-472 S 10TH ST 97 E Brokaw Rd, San Jose, CA, 95112 427-451 Reynolds Cir, San Jose, CA, 95112 470-472 S 10th St, San Jose, CA, 95112

9 10 11

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Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Office 3 2,224 $6,894 $3.10 Office 1 1,950 $2,633 $1.35 Office 2 1,450 $2,598 $1.79

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RENTMARKETING COMPARABLES TEAM

478-498 REYNOLDS CIR PHYSICAL SURGEONS BUILDING 1415 KOLL CIR - BUILDING 11 478-498 Reynolds Cir, San Jose, CA, 95112 610-650 E Santa Clara St, San Jose, CA, 95112 1415 Koll Cir, San Jose, CA, 95112

12 13 14

rentpropertyname1 rentpropertyname1 rentpropertyname1

Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Office 1 1,000 $1,500 $1.50 Office 2 2,587 $5,174 $2.00 Office 1 880 $1,936 $2.20

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RENTMARKETING COMPARABLES TEAM

625 WOOL CREEK DR 625 Wool Creek Dr, San Jose, CA, 95112

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Type Tenant Avg. SF Avg. Monthly Rent Rent/SF Office 1 2,000 $3,000 $1.50

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22 INVESTMENT OVERVIEW NORTH 13TH MIXED USE Marcus & Millichap would be delighted to be selected as the exclusive listing agent of the Mixed-Use Investment Offering located at 700 N 13th St just blocks from downtown San Jose. San Jose, The "Capital of Silicon Valley," contributing to Silicon Valley and San Francisco as the two highest per capita income regions in the United States, have low real estate vacancy rates. San Jose has a well-known imbalance of housing demand and supply, which is only increasing along with San Jose State's continued growth in students. According to a feasibility study done by the current owner, the subject property has the potential for a mixed-use development. Please see the overview of the feasibility study we have on file.

Silicon Valley houses some of the largest employers in the country, such as Cisco, eBay, Apple, Facebook, Google, and IBM. Several, such as Adobe, Morgan Stanley, PwC, are in downtown San Jose within walking distance of the property. Unemployment rates in northern California are the lowest in the United States. The property is less than 10 minutes by car from Minetta International Airport. The property is 2.6 miles from Diridon Station, and blocks from Interstate 280 & Highway 880. It is 5.7 miles from Santana Row and Valley Fair, the second highest-grossing retail center on the West Coast, and with its high-end retail tenants, it is a regional destination.

PROPERTY OVERVIEW

• Mixed-use asset in the highly sought after 95112 zip code of downtown San Jose. • Within close proximity to Alameda County's Highway – 880. • Only 1.5 miles (10 Blocks) from the finished San Jose Bart Station. • Excellent tenant mix with consistent collections during current ownership. • Neighborhood already in Transition. • Development Potential with a feasibility study on hand for qualified buyer's. NORTH 13TH MIXED USE

OFFERING SUMMARY

EXECUTIVE SUMMARY

VITAL DATA NEW BUYER PRO-FORMA Price $2,995,000 CAP Rate 3.23% 4.33% MAJOR EMPLOYERS Net Operating Down Payment 100% / $2,995,000 $96,866 $129,770 Income Net Cash Flow Loan Type All Cash 3.23% / $96,866 4.33% / $129,770 EMPLOYER # OF EMPLOYEES After Debt Service Total Rentable SF 8,397 Total Return 3.23% / $96,866 4.33% / $129,770 Cisco Systems 12,068 Price/SF $356.68 Lockheed Martin Corporation 5,683 Year Built 1930 Acer Cloud Technology Inc 5,024 Crows Auto Sales 3,505 Intel Corporation 3,002 Rosendin Electric 3,000 UNIT MIX Corrections Dept of 2,679 UNIT CURRENT AVG. AVG. MONTHLY POTENTIAL AVG. MONTHLY UNIT TYPE AVG. SF Santa Clara Valley Trnsp Auth 2,553 COUNT RENTS RENTS/SF INCOME RENTS RENTS/SF INCOME Broadcom 2,413 1 2br 1ba 2,200 $2,100 $0.95 $2,100 $2,995 $1.36 $2,995 City of San Jose 2,326 SUITE CURRENT MONTHLY PRO FORMA TYPE TOTAL GLA CURRENT RENT RANGE COUNT INCOME MONTHLY INCOME Sanmina Corporation 2,281 2 Retail 4,604 $3,800 - $3,915 $7,715 $9,897 Flextronics Intl USA Inc 2,035 2 Office 1,593 $1,200 - $2,200 $3,400 $3,764

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles 2019 Estimate Pop 31,307 250,216 644,319 2010 Census Pop 27,773 224,496 584,916 2019 Estimate HH 11,166 79,590 209,619 2010 Census HH 9,672 69,376 184,463 Median HH Income $82,903 $85,915 $99,505 Per Capita Income $42,573 $40,197 $45,386 Average HH Income $118,334 $124,203 $138,016

25 PROPERTY SUMMARY

THE OFFERING EXISTING FINANCING Loan Type None Property North 13th Mixed Use Price $2,995,000 Property Address 700 N 13th St, San Jose, CA Assessors Parcel Number 249-13-072 Zoning CP PROPOSED FINANCING SITE DESCRIPTION First Trust Deed Number of Units 5 Loan Type All Cash Number of Buildings 4 Debt Coverage Ratio Number of Stories 1 & 2 Stories Year Built/Renovated 1915/1940 Apartments - Rentable Est. 2,200 Square Feet Retail - Gross Leaseable Est. 4,604 Area (GLA) Office - Rentable Square Est. 1,593 Feet Total Rentable Square 8,397 Feet Lot Size 0.56 acre(s) Type of Ownership Fee Simple Parking Parking Lot with NK Collision Landscaping Low Maintenance Topography Flat CONSTRUCTION Framing Wood Frame Exterior Stucco & Wood Parking Surface Concrete Roof Flat

# North 13th Mixed Use 700 N 13th St • San Jose, CA 95112 PROPERTY PHOTOS Street View

NORTH 13TH MIXED USE

REGIONAL MAP

30 NORTH 13TH MIXED USE

LOCAL MAP

31 NORTH 13TH MIXED USE

AERIAL PHOTO

32 Feasibility Plan Bird’s Eye View of Structural Plan Project Info & Proposed Site Plan Floor Plan Level 1 Floor Plan Level 2 Floor Plan Level 3 & 4 Elevations, South and West Wing Building Sections, AA & BB FINANCIAL ANALYSIS NORTH 13TH MIXED USE

FINANCIAL ANALYSIS RENT ROLL SUMMARY

42 NORTH 13TH MIXED USE

FINANCIAL ANALYSIS RENT ROLL DETAIL

43 NORTH 13TH MIXED USE

FINANCIAL ANALYSIS RENT ROLL SUMMARY

44 NORTH 13TH MIXED USE

FINANCIAL ANALYSIS OPERATING STATEMENT

45 NORTH 13TH MIXED USE

FINANCIAL ANALYSIS PRICING DETAIL

46 NORTH 13TH MIXED USE

MARCUS & MILLICHAP ADVANTAGE

MARCUS & MILLICHAP CAPITAL WHY MMCC? CORPORATION CAPABILITIES Optimum financing solutions to enhance value MMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and Enhanced control through terms. investor qualification support We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Enhanced control through Mae, Freddie Mac and HUD to provide our clients with the greatest range of MMCC’s ability to qualify financing options. investor finance contingencies Our dedicated, knowledgeable experts understand the challenges of financing and work tirelessly to resolve all potential issues for the benefit of our clients. Enhanced control through quickly identifying potential debt/equity sources, processing, and closing buyer’s finance alternatives

Enhanced control through Closed 1,944 National platform $ 7.18 billion Access to more MMCC’s ability to monitor debt and equity operating total national capital sources investor/due diligence and financings within the firm’s volume in 2019 than any other underwriting to ensure timely, in 2019 brokerage offices firm in the predictable closings industry

47 MARKET OVERVIEW NORTH 13TH MIXED USE

MARKET OVERVIEW SAN JOSE OVERVIEW

Known to the world as Silicon Valley, the San Jose metro is located at the southern end of the San Francisco Bay and encompasses Santa Clara and San Benito counties. A large portion of the area’s 1,315 square miles is unincorporated ranch and farmland.

The metro contains roughly 2 million inhabitants and more than half of the region’s residents reside in the city of San Jose. It is the metro’s largest city with more than 1 million residents, followed by Sunnyvale and Santa Clara. Venture capital funds received in the 1990s helped to turn the area into the world’s most prominent technology hub, a distinction that remains today.

METRO HIGHLIGHTS

PREMIER HIGH-TECH CENTER Silicon Valley’s dense concentration of high-tech jobs is world renowned, attracting a variety of large employers and startups.

HIGH INCOMES Well-paying jobs in the tech sector contribute to a median annual household income level that is almost double the U.S. median.

HIGHLY EDUCATED WORKFORCE Nearly half of all residents age 25 and older have obtained at least a bachelor’s degree, well above the U.S. average.

1 NORTH 13TH MIXED USE

ECONOMY . The San Jose employment base contains more than 1.1 million workers, ranking the metro as one of the 30 largest job markets in the nation. . There are 18 Fortune 500 companies headquartered in San Jose, including Intel, Cisco Systems, Apple Inc., eBay and Alphabet. . The area’s many institutions of higher learning, including Stanford, San Jose State and Santa Clara University, support these companies by graduating thousands of engineering and computer science students each year.

MAJOR AREA EMPLOYERS

Cisco Systems County of Santa Clara Adobe Systems Inc. Hewlett-Packard Co. City of San Jose Intel Corp. eBay U.S. Veterans Medical Center San Jose State University

Apple * Forecast

SHARE OF 2019 TOTAL EMPLOYMENT

16% 21% 9% 9% 3% MANUFACTURING PROFESSIONAL AND GOVERNMENT LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES BUSINESS SERVICES

12% 4% + 15% 9% 2% TRADE, TRANSPORTATION CONSTRUCTION EDUCATION AND INFORMATION OTHER SERVICES AND UTILITIES HEALTH SERVICES

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DEMOGRAPHICS

. The metro is expected to add approximately 107,300 people through 2024 and during this time more than 41,000 households will be formed. SPORTS . High home prices contribute to a homeownership rate of 56 percent, which is below the national rate of 57 percent. . Roughly 48 percent of residents age 25 and older hold a bachelor’s degree, including 22 percent who have also obtained a graduate or professional degree.

2019 Population by Age

6% 19% 6% 30% 26% 13% 0-4 YEARS 5-19 YEARS 20-24 YEARS 25-44 YEARS 45-64 YEARS 65+ YEARS EDUCATION

2019 2019 2019 2019 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: 2M 694K 37.1 $121,300 Growth Growth U.S. Median: U.S. Median: 2019-2024*: 2019-2024*: 5.4% 5.9% 38.1 $60,800

QUALITY OF LIFE The San Jose metro has an enviable combination of major universities that produce a highly educated workforce, cutting-edge firms and exceptional affluence. Residents can visit a plethora of museums, including the San Jose Museum of Art and the Tech Museum ARTS & ENTERTAINMENT of Innovation. Santa Clara County is home to performing arts companies and hosts the San Jose Jazz Festival. The San Francisco 49ers play their home games at Levi’s Stadium and the San Jose Sharks hockey team plays at the SAP Center. Other sports venues include Excite Ballpark and Stevens Stadium. The metro is minutes away from San Francisco and some of the world’s finest wine-producing regions, notably the Napa, Sonoma and Alexander valleys.

* Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

3 PROPERTYNORTH 13TH NAME MIXED USE

MARKETINGDEMOGRAPHICS TEAM

Population Race and Ethnicity In 2019, the population in your selected geography is 31,307. The The current year racial makeup of your selected area is as follows: population has changed by 18.66% since 2000. It is estimated that the 43.87% White, 2.86% Black, 0.37% Native American and 21.69% population in your area will be 33,045.00 five years from now, which Asian/Pacific Islander. Compare these to US averages which are: represents a change of 5.55% from the current year. The current 70.07% White, 12.87% Black, 0.19% Native American and 5.66% population is 53.04% male and 46.96% female. The median age of the Asian/Pacific Islander. People of Hispanic origin are counted population in your area is 34.05, compare this to the US average independently of race. which is 38.08. The population density in your area is 9,956.40 people per square mile. People of Hispanic origin make up 52.79% of the current year population in your selected area. Compare this to the US average of 18.17%.

Households Housing There are currently 11,166 households in your selected geography. The median housing value in your area was $596,614 in 2019, The number of households has changed by 34.64% since 2000. It is compare this to the US average of $212,058. In 2000, there were estimated that the number of households in your area will be 11,974 3,200 owner occupied housing units in your area and there were 5,094 five years from now, which represents a change of 7.24% from the renter occupied housing units in your area. The median rent at the current year. The average household size in your area is 2.68 time was $847. persons.

Income Employment In 2019, the median household income for your selected geography is In 2019, there are 16,908 employees in your selected area, this is also $82,903, compare this to the US average which is currently $60,811. known as the daytime population. The 2000 Census revealed that The median household income for your area has changed by 76.63% 50.63% of employees are employed in white-collar occupations in this since 2000. It is estimated that the median household income in your geography, and 49.17% are employed in blue-collar occupations. In area will be $102,434 five years from now, which represents a change 2019, unemployment in this area is 3.90%. In 2000, the average time of 23.56% from the current year. traveled to work was 28.00 minutes.

The current year per capita income in your area is $42,573, compare this to the US average, which is $33,623. The current year average household income in your area is $118,334, compare this to the US average which is $87,636.

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8 DEMOGRAPHICS