A COMMUNITY ▪ A CULTURE ▪ AN INVESTMENT A 57-UNIT MULTI-FAMILY DEVELOPMENT OR RETAIL / OFFICE OWNER-USER OPPORTUNITY WITH SIGNIFICANT PARKING

INDEX

Internal Bookmarks:

• Market Map

• Market Profile

• Site Profile

• Aerial View

• Sat View

• Plot Maps

• Prospective Floor Plan

• About Temescal

• Oakland and Vicinity

• International Press $4,950,000

Represented by: Erik Housh 510-450-1410 [email protected] CA BRE No: 00884250 Francis Griffin 510-450-1405 [email protected] CA BRE No: 02016713 MARKET PROFILE

A rare offering, the site is at the heart of Oakland’s ever more dynamic Temescal District, a five-block walk to MacArthur Transit Village Project and MacArthur BART, the main BART transfer station in the Area. Vicinity examples of development viability are in abundance. Bridge Housing recently completed 90 new apartment units at the Transit Village and Hines Development is breaking ground on 383 units in early 2017. Also in the approval process at the Transit Village is Boston Properties 402-unit, 25-story pro- ject. And at 4700 Telegraph Avenue, two blocks from the sub- ject site, ground has broken on a 48-unit project.

Other major projects in the area include Hanover Group’s 256 ALTA-BATES SUMMIT HOSPITAL -unit project under construction at 30th and Broadway, a 200- unit project with grocery operation at 51st and Telegraph, and the 127-unit and 130-unit Merrill Gardens and Temescal Apartments, projects being developed by SRM at the south- west and northwest corners of 51st and Broadway. The Ridge, a major new 320,000-square-foot Safeway- anchored shopping center is nearing completion at 51st and Broadway. In addition two major new hospital buildings were KAISER OAKLAND HOSPITAL recently completed in the area, adding to the huge daytime employment base. The renowned Benioff Children’s Hospital, employing ±2,675, is one-half mile distance. The two newest hospitals are the 12- story, 950,000-square-foot Kaiser Hospital facility at Broad- way and MacArthur, employing ±16,647, and the new 11- story 250,000-square-foot Alta Bates Summit Hospital Merritt BENIOFF CHILDREN S HOSPITAL Pavilion at 34th and Webster Streets, employing ±2,030. In ag- gregate the three hospitals employ more than 20,000 people. The Temescal District is nationally recognized for its cutting edge restaurants, brewpubs and clubs, all contributing to the district’s vibrant dining and nightlife scene. A few of the more iconic F&B and entertainment venues are Bakesale Betty, Pizzaiolo, Dona Tomas, Kingfish Bar, Drake’s Dealer- ship, Mama’s Royal Café and the New Parkway Theater. MACARTHUR BART TRANSIT VILLAGE Temescal is home to dozens of great restaurants.

Temescal is perhaps the most dynamic and developable district in the entire Bay Area. SITE

IMAGES DEMOGRAPHICS STREET VIEW SATELLITE MAP AREA BUSINESS TEMESCAL RISING A MULTI-FAMILY DEVELOPMENT AND RETAIL / OFFICE OWNER-USER OPPORTUNITY

4432-44 TELEGRAPH AVENUE, OAKLAND, CA 94609 TOTAL LAND OFFERING: ±18,845 SQ FT EXISTING STRUCTURE: ±11,743 SQ FT $4,950,000

ZONE

LOCATIONS APPROXIMATED SITE PROFILE

GENERAL OFFERING: ±18,845-square-foot parcel and ±11,743-square-foot masonry building. Building is in average condition. Nearly level, corner parcel with access on three streets, Telegraph, 45th Street and 44th Street. Off-street parking lot. Carrier income of $16,500 per month, NNN, in place for one (1) year. Currently in the entitlement process for 54+ units, a detached 3-flat townhome style building, ±2,999 square feet of retail and 36 off-street parking spaces. ASSESSOR PARCELS: 13-1099-25-1 and 13-1099-28 PROPERTY TAXES: $25,580 for 2016/2017; new = 1.3508% + $6,597 MERRILL GARDENS ZONING: CN-2, neighborhood commercial zone and single family residential zone. CN-2 is zoned for medium density multi-family, retail, and commercial uses with 10 to 15-foot rear setback and a height limit of 60 feet. One unit per 375 square feet of land is allowed. ADT: ±40,000 vehicles per day. DEMOGRAPHICS: TEMESCAL APARTMENTS

▪ Population of 42,000, 288,000 and 502,000 for 1, 3 and 5- mile radii, respectively.

▪ Average household income of $80,000, $90,000 and $95,000 for 1, 3 and 5-mile radii.

▪ Daytime population of 28,000, 216,000 and 278,000 for 1, 3, and 5-mile radii. HANOVER COMPANY DEVELOPMENT OAKLAND APARTMENT MARKET STATS:

▪ Average rent over the prior 6 months up by $338 (12.7%).

▪ One bedroom units increased by $261 (11.1%) and two bedroom apartments increased by $504 (17.3%).

▪ As of July 2018, average rent for an apartment in Oak- land, CA is $2993, a 9.02% increase from last year.

▪ One bedroom apartments rent for $2621 a month on av- erage (a 9.04% increase from last year) and two bedroom rents average $3416 (up 10.77% from last year). [SOURCE: RENT JUNGLE] AERIAL

IMAGES DEMOGRAPHICS STREET VIEW SATELLITE MAP AREA BUSINESS AERIAL PERSPECTIVE

RICKEY HENDERSON FIELD UNDER CONSTRUCTION AT DATE OF IMAGE TODAY AN ACTIVE BALLPARK

NEXT SAT REGIONAL PERSPECTIVE

PLOT ASSESSOR MAPPING

PLAN PROSPECTIVE FLOOR PLAN

DISTRICT ABOUT TEMESCAL

NEIGHBORHOOD: The commercial heart of Temescal is Telegraph Avenue, between the MacArthur BART Station and 51st Street. This area is known locally as the home to popular restaurants, such as Tara s Organic Ice Cream, Doña Tomás, Lanesplitters, Pizzaiolo, Aunt Mary s, Bakesale Betty, Blackwater Station, and The Mixing Bowl. Another commercial zone runs along 40th St, between Broad- way and Telegraph. This area includes a mixture of food ser- vice and retail, including Hog s Apothecary, Homeroom, Mani- festo, 1-2-3-4 Go Records, and Subrosa Coffee. There are many Ethiopian restaurants here, especially on Tele- graph north of 51st St. There are also many Korean establish- THE RIDGE OAKLAND ments along Telegraph Ave. Temescal Farmers Market, begun in 2006, is held on Sundays in the parking lot of the Depart- ment of Motor Vehicles facility on Claremont Ave. Mama s Royal Cafe, locally famous for breakfast, is located on Broad- way, near the border of Temescal and the Piedmont Avenue neighborhood. Studio One, located on 45th Street, is home to art classes and workshops. Royal Nonesuch Gallery is an artist run art and RICKEY HENDERSON FIELD event space located on Telegraph and 43rd. Temescal Pool, lo- cated next door, is open to the public. The neighborhood is al- so home to several public and private schools, including Park Day School and the architectural landmark Oakland Technical High School on Broadway. HISTORY: Temescal was originally a separate village that had built up around the estate of Vicente Peralta, which was locat- TEMESCAL SWIMMING POOL ed near the modern intersections of Telegraph Avenue and Claremont Boulevard. (Vicente s estate was part of the larg- er Peralta Grant that spanned 44,800 acres of land in the East Bay.) In 1897, the residents of Temescal voted to join the City of Oakland in an effort to gain access to higher quality public schools and police services. At the time that the City of Oak- land annexed Temescal, Temescal was considered to consist of all land north of 36th Street (the northern bound of the City of OAKLAND TECHNICAL HIGH SCHOOL Oakland at the time) between the Emeryville city limit to the west and Broadway to the east. SOURCE: WIKIPEDIA MORE

IMAGES DEMOGRAPHICS STREET VIEW SATELLITE MAP AREA BUSINESS ABOUT TEMESCAL

MORE HISTORY: The word temescal derives from the word temescalli, which means "sweat house" in the Nahuatl language of the Mexica ("Aztec") people of Mexico. It is surmised that the Peraltas or perhaps one of their ranch hands (vaqueros) had seen local indigenous (Ohlone) structures along the creek similar to those in other parts of New Spain which were called temescalli. Temescal has long been an important junction of several prin- cipal thoroughfares: Telegraph, Claremont, and Shattuck Ave- nues, and 51st Street. The earliest telegraph wire from Oakland to Sacramento went through the area, up Claremont Avenue and over the hills at Claremont Canyon. Temescal was the site of agriculture, cattle grazing and greenhouses when, in the 1890s, an opera house was built in parkland north of the creek crossing at 51st street. The area grew and was developed into , the earliest "trolley park" in the East Bay. In 1929 the amusement park was closed and was razed in 1930. A plan to build mid-rise apart- ment blocks called the Midtown District fell through, and a tract of storybook houses was built on the site between 1930 and 1934. It is reported to be the first development in the American west with underground utilities. Until the early 20th century, a wide wooden bridge spanned Temescal Creek, carrying both road (Telegraph Ave- nue) and railroad tracks. The horsecar line to the University of along today s Telegraph Avenue (then called Humboldt Avenue in Oakland and Choate in Berkeley) operated out of a horse barn at 51st and Telegraph. When the horsecar was replaced by elec- tric streetcars, the horse barn was replaced by a carbarn. The carbarn became the Western Carhouse of the s streetcar division, the East Bay Street Railways. When the streetcars ceased operation in 1948, the car barn was remod- eled to become Vern s market. Vern s closed in the 1970s and the building sat vacant for years. Eventually it was demolished and replaced by a strip mall, including a Walgreens store.

SOURCE: WIKIPEDIA CITY

IMAGES DEMOGRAPHICS STREET VIEW SATELLITE MAP AREA BUSINESS ABOUT OAKLAND

VICINITY AND CITY: Oakland is the largest city and the county seat of Alameda Coun- ty, California, United States. A major West Coast port city, Oakland is the largest city in the East Bay region of the Bay Area, the third largest city overall in the San Francisco Bay Ar- ea, the eighth largest city in California, and the 45th largest city in the United States, with a population of 419,267 as of 2015. It serves as a trade center for the ; its is the busiest port in the San Francisco Bay, the en- tirety of Northern California, and the fifth busiest in the United States. The city is located six miles (9.7 km) east of San Francis- co. Oakland was incorporated in 1852. WHOLE FOODS Oakland s territory covers what was once a mosaic of California coastal terrace prairie, oak woodland, and north coastal scrub. Its land served as a rich resource when its hillside oak and redwood timber were logged to build San Francisco, and Oakland s fertile flatland soils helped it become a prolific agri- cultural region. In the late 1860s, Oakland was selected as the western terminal of the Transcontinental Railroad. Following the 1906 San Francisco earthquake, many San Francisco citi- THE HOG’S APOTHECARY zens moved to Oakland, enlarging the city s population, in- creasing its housing stock and improving its infrastructure. It continued to grow in the 20th century with its busy port, ship- yards, and a thriving automobile manufacturing industry. Oakland is known for its sustainability practices, including a top ranking for usage of electricity from renewable resources. Oak- land is also known for its history of political activism, as well as its professional sports franchises and major corporations, NEW PARKWAY THEATER which include health care, dot-com companies, and manufac- turers of household products. In addition, due to a steady in- flux of immigrants during the 20th century, along with thou- sands of African-American war-industry workers who relocated from the Deep South during the 1940s. Of note: Oakland is the most ethnically diverse major city in the country; The city has more than 50 distinct neighbor- DRAKE’S DEALERSHIP hoods; Oakland was ranked the 10th most walkable city in the United States.

SOURCE: WIKIPEDIA PRESS

IMAGES DEMOGRAPHICS STREET VIEW SATELLITE MAP AREA BUSINESS PRESS OF THE PAST

NEW YORK TIMES: Crowds wait curbside for tables at top restaurants, while couples of all stripes snack on organic sorbet. Along a string of 20s alleyways, garages and stables (right) were recently converted by a developer into charming shops offering midcentury furniture, indie fashions and specialty foods.

SAN FRANCISCO CHRONICLE: The place was bubbling with activity on a balmy, early spring Saturday afternoon, with new shop Oakland Dry Goods, pur- veying preserves and honey from the owner s nearby hives, and Mind s Eye Vintage, run by two veterans of the Down at Lulu s co-op, preparing to fling open their doors near the Dona Thomas and Pizzaiolo back patios. [more] SUNSET MAGAZINE: Wave after wave of culinary types have moved into this rap- idly gentrifying neighborhood, where home prices quintupled from 1995 to 2005. [more] WALL STREET JOURNAL: Temescal, in North Oakland, is being dubbed the new Gour- met Ghetto as a wave of new restaurants, cafes and markets help redefine one of Oakland s oldest neighborhoods. Eater- ies are opening that focus on using local ingredients. [more] CONDÉ NAST TRAVELER: Nowhere is the California city’s new life more apparent than in the Temescal neighborhood, just east of Telegraph Ave- nue. Among its residential streets, one alleyway has emerged as a hotbed of creativity and development. [more] THE GUARDIAN: At the heart of the new cultural vibrancy is the area around Temescal Alley – described as “Williamsburg-esque” by fash- ion website Style.com – and nearby Telegraph Avenue, where the monthly street festival First Fridays takes place. [more] SF GATE: Walk down Telegraph Ave. in Oakland’s Temescal district and you’ll see a lot of paper-covered windows: Four different din- ing spots have either opened or are opening within the next month or two. Here’s an update. [more] 7x7: If you were an explorer coming to Oakland to find hipsters, you’d want to start in Temescal. The thing about hipsters, though, is that they tend to like good local grub, which is why CONTACT Temescal’s restaurants are all so dang good. IMAGES DEMOGRAPHICS STREET VIEW SATELLITE MAP AREA BUSINESS

Represented by: Erik Housh 510-450-1410 [email protected] CA BRE No: 00884250 Francis Griffin 510-450-1405 [email protected] CA BRE No: 02016713 www.mrecommercial.com

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