OFFERING MEMORANDUM

920 East Market St S T O C K T O N , C A 9 5 2 0 2

Joshua Ballesteros Investment Advisor NAI Northern [email protected] NAINORCAL.COM 415.480.0214 CalDRE #02010271 Executive Summary n a i n o r c

$750,000 6,417 SF $125,580 a l . c

PRICE SQ FT POTENTIAL TOTAL GROSS RENTS o m

Other Details Property Highlights

Lot Size: 0.05 Acres Delivered 100% vacant. Price Per SF: $116 Full basement.

# of Units: 12 Signifcant opportunity for a massive return on investment with the # of Buildings: 1 renovation and stabilization of this property. Occupancy Rate: 0% Features 7 studio units and 5 - 1 bedroom, 1 bathroom units. Year Built: 1918 Located in California Opportunity Zone Census Tract 1. APN: 151-220-02 Floors: 3 Close proximity to Stockton City Center IMAX theaters, numerous restaurants, , home of the ( Afliate of the Oakland A's) and the - home of the Hockey Team (NHL afliate of Flames) and (NBA afliate of NBA's ). The Stockton Arena also plays host to many world class concerts throughout the calendar year.

Close proximity to Stockton Children's Museum and numerous other entertainment spaces such as Weber Point, the Stockton Marina Stribley Community Sports center and a of other greenspaces, elementary and charter schools.

2 F I N A N C I A L

A N A L Y S I S

S E C T I O N 2 Financial Analysis

3 Operating Statement

Summary Projected Income & Expenses Price $750,000 Income Proforma n

Units 12 Gross Projected Annual Rents $125,580 a i n

Price Per Unit $62,500 o r c Net Operating Income a Price Per SF $116 l . c o

Lot Size 0.05 AC m Approx. Yr Built 1918

Unit Mix Type Unit Units Mix Market Rent/ Market Rent/SF/ Market Rent Market Rent Annual/ SF % Mon Mon Annual SF Studios 450 7 58% $745 $1.65 $8,940 $19.86 1 bedroom, 1 bath 650 5 42% $1,050 $1.61 $12,600 $19.38 Totals 6,400 12 $10,465 $125,580

4 Additional Photos n a i n o r c a l . c o m

5 Additional Photos n a i n o r c a l . c o m

6 L O C A T I O N

I N F O R M A T I O S E C T I O N 2 N Location Information

7 City Information

Stockton With a population of over 310,000, Stockton is the 13th largest city

in California and is rapidly becoming an integral part of the San n a i Francisco Bay Area economy. Stockton is the seat of San Joaquin n o r

County, which is the sixth largest agricultural county in the U.S. c a l . c o

Stockton has a large diversifed skilled and semi-skilled workforce m with an afordable wage structure, and an abundance of cultural, educational, and recreational opportunities. Higher learning institutions including the University of the Pacifc, San Joaquin Delta College and CSU Stockton Center provide a pathway to four-year and two year degree programs.

Stockton is home to three minor league franchises: Stockton Heat— (AHL team; afliate of the ) Stockton Kings—(NBA G League team; afliate of the Sacramento Kings) Stockton Ports—(High-A team; afliate of the ).

The Port of Stockton is a fully operating seaport approximately 75 miles (86 mi) east of the Golden Gate Bridge in San Francisco. Set on the San Joaquin River, the port operates a 4,200 acres transportation center with berthing space for 17 vessels up to 900 ft in length. As of 2014, the Port of Stockton had 136 tenants and is served by BNSF & UP Railroads. The port also includes 1.1 million square feet of dockside transit sheds and shipside rail track and 7.7 million square feet of warehousing.

8 Points of Interest n a i n o r c a l . c o m

9 Points of Interest n a i n o r c a l . c o m

10 Points of Interest n a i n o r c a l . c o m

11 Regional Map n a i n o r c a l . c o m

12 R E N T

C O M P A R A B L E S

S E C T I O N 3 Rent Comparables

13

Rent Comps

1 2 3 n a i n o r 446 E Acacia St. 940 N San Joaquin St 405 N Stanislaus St c a l

Stockton CA 95202 Stockton CA 95202 Stockton CA 95202 . c o m

1 2 3

Year Built: 1965 Bldg Size: 4,712 SF Year Built: 1969 Bldg Size: 16,000 SF Year Built: 1965 Bldg Size: 4,001 SF

Lot Size: 0.13 AC No. Units: 8 Lot Size: 0.06 AC No. Units: 24 Lot Size: 0.13 AC No. Units: 8

Avg. Rent/SF: $1.18 Avg. Size: 637 SF Avg. Rent/SF: $0.00 Avg. Size: 665 SF Avg. Rent/SF: $2.03 Avg. Size: 500 SF

Avg. Rent: $750 Occupancy: 82% Occupancy: 92% Avg. Rent: $1,015

Size Unit Type # Units % Of Size Rent Unit Type # Units % Of Size Unit Type # Units % Of SF SF SF 1bd, 1 ba 1 100 500 $1,015.00 1bd, 1 ba 24 100 665 1bd, 1 ba 5 62.5 600 Totals / Averages 1 100% 500 $1,015.00 2bd, 1ba 3 37.5 700 Totals / 24 100% 665 Averages Totals / 8 100% 637 Averages

14 Rent Comps

4 n a i n o r 1240 N Hunter St c a l

Stockton CA 95202 . c o m

4

Year Built: 1929 Bldg Size: 21,465 SF

Lot Size: 0.22 AC No. Units: 20

Avg. Rent/SF: $1.70 Avg. Size: 450 SF

Avg. Rent: $765

Unit Type # Units % Of Size Rent SF

studio 1 100 450 $765.00

Totals / 1 100% 450 $765.00 Averages

15 Rent Comps Summary

Rent Comps Rent/SF Available SF Bldg SF # of Units Occupancy %

446 E Acacia St. n

1 Stockton, CA $1.18 5,100 SF 4,712 SF 8 82% a i 95202 n o r c

940 N San Joaquin St a l . c

2 Stockton, CA $0.00 15,960 SF 16,000 SF 24 92% o 95202 m

405 N Stanislaus St 3 Stockton, CA $2.03 500 SF 4,001 SF 8 - 95202

1240 N Hunter St 4 Stockton, CA $1.70 450 SF 21,465 SF 20 - 95202 Rent/SF Available SF Bldg SF # of units Occupancy % Totals/Averages $1.64 5,503 SF 11,545 SF 15 87%

16 D E M O G R A P H I C S

S E C T I O N 4 Demographics

17 Demographics Map & Report

* Demographic data derived from Costar.com

Radius 1 Mile 3 Mile 5 Mile n a

Population - - - i n o r

2025 Projection 20,408 150,560 280,858 c a l .

2020 Estimate 19,407 142,776 266,473 c o 2010 Census 18,157 131,207 245,666 m Growth 2020 - 2025 5.51% 5.45% 5.40% Growth 2010 - 2020 9.15% 8.82% 8.47% Households - - - 2025 Projection 6,530 45,162 86,414 2020 Estimate 6,209 42,810 81,947 2010 Census 5,813 39,249 75,349 Growth 2020 - 2025 5.17% 5.49% 5.45% Growth 2010 - 2020 6.8% 9.07% 8.76% 2020 Households by HH Income 6,208 42,809 81,948 <​$25,000 52.6% 32.9% 28.2% $25,000 - $50,000 26.08% 27.4% 25.3% $50,000 - $75,000 9.5% 17.9% 18.8% $75,000 - $100,000 5.1% 9.2% 10.4% $100,000 - $125,000 3.0% 5.5% 7.0% $125,000 - $150,000 0.58% 2.5% 3.1% $150,000 - $200,000 2.1% 2.6% 3.6% $200,000+ 0.9% 1.6% 3.2% 2020 Avg Household Income $37,339 $53,596 $63,066

18 Confdentiality & Disclosure

The information contained in the following investment summary is proprietary and strictly confdential. It is intended to be reviewed only by the party receiving it from NAI Northern California Investment Real Estate Brokerage and should not be made available to any other person or entity without the written consent of the broker. This investment summary has been prepared to provide concise, unverifed information to prospective purchasers and to n establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence a i n investigation. The broker has not made any investigation, and makes to warranty or representation, with respect to the income or expenses for the o r subject property, the future projected fnancial performance of the property, the size and square footage of the property and improvements, the c a l . presence or absence of contaminating substances, PCBs, or asbestos, the compliance with state and federal regulations, the physical condition of c o improvements thereon, the fnancial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue occupancy of the m subject property.

The information contained in this marketing brochure has been obtained from sources we believe to be reliable. However, the broker has not verifed, and will not verify, any of the information contained herein, nor has the broker conducted any investigation regarding these matters, and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all of the information set forth herein.

For More Information

Joshua Ballesteros Investment Advisor O: 415.480.0214 [email protected] CalDRE #02010271

19 Joshua Ballesteros Investment Advisor O: 415.480.0214 M: 209.518.9025 [email protected] CalDRE #02010271

5 0 5 1 4 T H ST, # 9 0 0, OA K L A N D, C A 9 4 6 1 2