FOR SALE | TROPHY MIXED-USE BUILDING WITH PARKING GARAGE

LOCATED IN THE HEART OF THE SOLANO AVE COMMERCIAL DISTRICT

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BROCHURE | 1820 Solano Avenue, Berkeley, CA 94707 | 35,185 SF Lockehouse Disclaimer The information contained herein is strictly confidential. It is furnished solely for the purpose of considering the acquisition of the property described herein and is not to be used for any other purpose or made available to any other person without the expressed written consent of Lockehouse Retail Group Inc. (the “Agent”). No representation is made with regard to its accuracy or completeness. Prospective investors should conduct their own investigation and reach their own conclusions without reliance on the material contained herein.

Neither the Seller nor the Agent nor any of their respective officers, agents, or principals has made or will make any representations or warranties, expressed or implied, as to the accuracy or completeness of the Marketing Package or any of its contents, and no legal commitment or obligation shall arise by reason of the Marketing Package or its contents. Analysis and verification of the information contained in the Marketing Package is solely the responsibility of the prospective purchaser.

The Seller and Agent expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Marketing Package or making an offer to purchase the Property unless and until such offer for the Property is approved by the Seller and any conditions to the Buyer’s obligations thereunder have been satisfied or waived. Disclaimer From Owner Prospective investors should undertake their own investigations and reach their own conclusions; analysis and verification of information contained in this listing or later verbal or written information given, is sole responsibility of prospective investor. This listing and any subsequent information may be subject to prior placement, errors, omission, changes, or withdrawal without any notice and does not constitute recommendation, endorsement, or advice as to the value of the property.

David Kram Rachel Kram Tatiana Guzman Managing Director of Investment Sales Vice President of Investment Sales Investment Sales/Retail Associate (650) 445-4491 (650) 445-4490 (925) 627-7907 [email protected] [email protected] [email protected] License 01848816 License 02021048 License 02111438 EXECUTIVE SUMMARY 3 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

TROPHY MIXED-USE BUILDING 1820 Solano Avenue, Berkeley, Ca 94707

PROPERTY SUMMARY TOTAL BUILDING SF 35,185 SF

GROUND FLOOR 10,984 SF

SECOND FLOOR 11,165 SF

GARAGE 13,036 SF

YEAR BUILT 2003/2018

PARKING STALLS 31 Stalls with Monthly Rents

COLUSA AVEAVE COLUSA COLUSA OCCUPANCY 100%

ZONING C-SO, Solano Avenue Commercial

APN 061-2612-002

MODOC ST

9,7469,746VPD VPD TRAFFIC COUNT Solano Ave 9,696 VPD Colusa Ave 9,746 VPD Total 19,422 VPD OFFERING SUMMARY

PRICE $11,800,000

CAP RATE 5.1% SOLANO AVE 9,969 VPD NOI $604,202

PRICE / SF $335

FINANCING Free & Clear

OWNERSHIP TYPE Fee Simple EXECUTIVE SUMMARY 4 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

LOCATION HIGHLIGHTS

• Corner building located directly on Solano Avenue in the heart of one of Berkeley’s most iconic shopping districts

• Solano Avenue is an established, pedestrian-friendly, shopping district for the North Berkeley, Albany, and El Cerrito areas

• Strong demographics – 181,492 population and $131,588 AHI within a 3-mile radius

• Easily accessible – regularly scheduled bus service runs up and down Solano Avenue

• Unique Ownership Opportunity – long term investment in a prominent building on the corner of two of Berkeley’s busiest streets

• Signalized intersection with exposure to over 19,000 vehicles per day

INVESTMENT HIGHLIGHTS

• 100% occupied, mixed-use building with office users above and street level retailers below, including a bakery and a fitness center

• Ownership has done numerous capital expenditure improvements over the last several years

• Building offers an underground parking garage, which is a valuable amenity for tenants and their customers on a busy street with minimal parking

• Internal, private elevator service to all three floors with key card access to the secured, gated garage

• Favorable C-SO zoning allows for a variety of uses, including retail, health & fitness, quick service food, general office and medical / healthcare

SITE MAP | FIRST FLOOR 6 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

RAMP TO GARAGE SITE MAP | SECOND FLOOR 7 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com DECK Leslie Tsang M.D. & Nicole Tsang M.D

CORRIDOR

ELEVATOR SITE MAP | PARKING GARAGE 8 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

The building’s private parking garage is accessible from Colusa Avenue for tenants and their customers & clients. Tenants pay monthly rates for reserved parking.

31 Parking Spaces

TENANT OVERVIEW 10 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

SUITE A, B-1 Anytime Fitness Anytime Fitness is a 24-hour health and fitness club headquartered in Minnesota. The company operates over 4,200 franchised locations in more than 32 countries around the world. Anytime Fitness offers personal training and classes to provide members with the tools they need to stay on track to achieve their goals. At Anytime Fitness, you’re not just joining a gym. You’re joining a supportive community of like-minded people who are here to give you the encouragement you need.

SUITE C-1, 201, 202, 203 North Berkeley Wealth Management Since 2005, NBWM has helped their clients protect and grow their assets in a way that accomplishes their goals and aligns with their values. NBWM emphasizes relationships and a deep commitment to sustainability that promotes the well-being of their clients, staff, and communities.

SUITE 205B, 206 Old Republic Title Headquartered in Tampa, FL, Old Republic Title Insurance Group has built a solid reputation as an industry leader and is one of the largest title insurance groups in the United States. They have a conservative financial management philosophy to maintain stability through changing tides in the real estate, lending and financial markets since 1992.

SUITE D The Lavender Bakery Famous for Burnt Almont, The Lavender Bakers has been brining the finest authentic European inspired cakes and baked goods to the Bay Area since 2018. With two sister bakeries located in South Bay Silicon Valley, Lavender Bakery serves a variety of cakes, cupcakes, pies, desserts, cookies, pastries and many seasonal and occasional items. TENANT OVERVIEW 11 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

SUITE B-2 Marie Veronique Marie-Veronique Nadeau is a chemist who founded Marie Veronique in 2002. The company’s vision is to deliver superior, non-toxic skincare drawing on nature’s genius and the brain of science through innovative formulations. Achieving optimal skin health and healing real skin issues drives Marie Veronique to produce safe products that truly work.

SUITE C-2 Tutu School Genevieve Weeks, Founding Director of Tutu Schools, envisioned a quaint boutique of a ballet school that would provide a creative dance education experience for children, and a place where students would be urged to fully exercise their imaginations as well as their bodies. Today, Tutu Schools is a national tenant with 34 studio franchises operating around the United States.

SUITE 204 New Day Pediatrics Dr. Jaleh Niazi and her team work with families, schools, and the rest of the community to help your child realize and fulfill his/her full emotional, developmental and physical potential. New Day Pediatrics’ general approach to illnesses or issues us to follow your child’s condition closely. They try to keep procedures and medications to a minimum, but they are ready to act quickly when appropriate and remain available to follow your child with you as he/she recovers from his/her illnesses.

SUITE 205 Dr. Nicole Tsang & Dr. Leslie Tsang Dr. Nicole Tsang sees primary care as an active partnership with her patients and practices the full spectrum of primary care and treats her patients, with an interest in behavioral health and muscu- loskeletal issues. Born is San Francisco and raised in the East Bay, Dr. Tsang understands the en- vironmental and workplace culture that us unique to the Bay Area. Dr. Leslie Tsang specializes in medication management and was the co-director of Behavioral Medicine for the Kaiser Permanente Napa-Solano Family Medicine residency program.

LOCATION DESCRIPTION 13 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

ALAMEDA COUNTY One of 58 counties in California, Alameda County is home to over 1.5 million people living in 14 incorporated cities as well as in six unincorporated communities and rural areas throughout the 813 square miles of the County.

BERKELEY, CA

Berkeley is a city on the east shore of San Francisco Bay in Northern Alameda County. In California alone, there are more than 32 cities bigger than Berkeley! In Alameda County, Berkeley is ranked number four in population behind Oakland, Fremont, and Hayward. And yet, Berkeley is famous around the globe as a center for academic achievement, scientific exploration, free speech and the arts!

Berkeley is a constantly changing mix of long-term residents and new neighbors, and whether you just arrived from Albany or Azerbaijan, you are welcome here.

ESTIMATED POPULATION 1 MILE 3 MILES 5 MILES 31,957 181,492 320,321

AVERAGE HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES $194,274 $131,588 $135,314 BERKELEY, CA 14 1820 SOLANO AVE,AVENUE, BERKELEY, BERKELEY, CA 94707 CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

SACRAMENTO

121 SAN FRANCISCO SANTA ROSA 15 MILES

OAKLAND AIRPORT 17 MILES NAPA

SAN FRANCISCO AIRPORT 27 MILES

SAN JOSE AIRPORT 51 MILES SAN RAFAEL SUBJECT PROPERTY

BERKELEY WALNUT CREEK

OAKLAND SAN FRANCISCO SAN LEANDRO

SAN JOSE NEARBY LOCATIONS 15 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

SWEET BASIL THAI

COLUSA AVE

SOLANO AVE 9,696 VPD

COLUSA AVE PAYN’S THOUSAND OAKS STATIONARY ART GALLERY

BOPSHOP

KOREAN 9,746 VPD KITCHEN

N SOLANO AVENUE 16 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com MARKET AERIAL | SOLANO AVENUE 17 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

1. Noor & Son’s Rug Gallery 12. Mountain Mikes 22. Jade and Jewels 33. Subway 43. Mechanics Bank Berkeley Oriental Rugs 13. Pharmaca Integrative 23. Cugini 34. Solano Eye-care 44. iScream 2. Ajanta Pharmacy 24. VCA Albany Animal Hospital 35. Lhasa Dream Boutique 45. Bopshop Korean Kitchen 3. Ruby Rugs 14. Sweet Basil Thai 25. 7-Eleven 36. Himalayan Tandoori and 46. Peet's Coffee 4. Aya Salon & Spa 15. Aloha Pediatric Dentistry Curry House 26. Bank of America 47. US Post Office 5. Chase Bank 16. Berkeley Hills Realty 37. Mayfair Hair & Nail Care 27. Safeway 48. Troy Greek Cuisine 6. Safeway 17. Loud & Clear Hearing Aid 38. Sue Johnson Custom Lamps 28. Fonda 49. Zachary's Chicago Pizza Center & Shades 7. Solano 76 29. Chloe's Closet 50. Noah's Bagels 18. North Berkeley Dental Arts 39. Thousand Oaks Art Gallery 8. Wells Fargo Bank 30. Solano Hair Design 51. Lola Salon 19. AT&T 40. 24 Hour Fitness 9. Shoes On Solano 31. The UPS Store 52. Red Oak Realty 20. Humanature Studios 41. Payn's Stationery 10. Berkeley Hills Dentistry 32. Snow Region Gift Shop 53. Jerusalem Organic Kitchen 21. Blesk Salon and Spa 42. Starbucks 11. Allstate Insurance

51 45 53 47 49 50 52 THE ALAMEDA 43 44 46 48 41 42 39 40 38 1 35 36 37 5 3 2 33 34 COLUSA AVE 30 31 32 9,696 VPD 7 6 4 29 SOLANO AVE 12 11 10 9 8 28 16 14 13 23 22 19 20 17 15 24 21 26 25 18 5,701 VPD SUBJECT

9,746 VPD 27 PROPERTY

Solano Avenue is one of the largest shopping districts in the Berkeley area

N

BERKELEY DEMOGRAPHICS | EDUCATION 20 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

Schools in Berkeley

11 Public Elementary Schools 3 Public Middle Schools 2 Public High Schools (BHS & B-Tech) 1 Adult School 6 WACS-accredited Private Elementary / Secondary Schools University of California, Berkeley Berkeley City College 5 WASC-accredited Colleges (in addition to Cal and City College) *BUSD, California Department of Education, WASC

Education (ACS estimate)

Education Level Berkeley US Population 100,887 301,461,533 Population 3+ Years Enrolled in School 39,891 79,887,998 Nursery / Elementary School 18.6% 51% High School 8.6% 22% College or Graduated School 72.8% 27%

*Based on ACS estimate

Educational Attainment of Population Over 25 Years Old Population: 64,230 (ACS)

Education Level Berkeley US Grad or Professional 37% 10% Bachelors 31% 17% Associates 4% 7% Some College, No Degree 13% 20% HS Diploma 9% 29% Less than HS Diploma 6% 16% BERKELEY DEMOGRAPHICS | EMPLOYMENT 21 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

Top Employers Unemployment Rates, Averages 2008-2018 California • Berkeley’s average 14% Alameda County unemployment rate for 12% 2018 was 2.8% up from Berkeley 10% 2.77% in 2017 8% 6% • For context, Alameda 4% County’s average unemployment rate in 2% 2018 was 2.6% while 0% California was 3.7% 2008 2010 2012 2014 2016 2018 • The total number City of Berkeley Averages, 2016-2018 of jobs in Alameda and Contra Costa Year Labor Force Employed Residents Unemployment Rate countries (combined) 2016 62,166 60,000 3.5% increased by 3,100 jobs to a total of 2017 63,700 61,900 2.7% 1,208,300 jobs 2018 64,700 62,900 2.8% BERKELEY DEMOGRAPHICS | NEIGHBORHOOD 22 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

Age Distribution (ACS) Types of Households (ACS)

Age Berkeley US Type Berkeley US 65+ 11% 13% Married Family Couples 11% 13% 45-64 24% 25% Other Families 24% 25% 25-44 28% 28% People Living Alone 28% 28% 18-24 24% 9% Other non-Family Households 24% 9% Under 18 13% 25% BERKELEY DEVELOPMENT & HOUSING 23 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

Pipeline Project Highlights

Images: Johnson Lyman Architects The Standard on Bancroft The Standard, at 2580 Bancroft Way, will bring new student housing right across from the campus. The project will bring 122 units for housing along with a pool, and study lounge. The new building is slated to open in 2021. Two Projects Approved through Senate Bill 35 Data Source: City of Berkeley Planning Department (Jan 2019); Map: OED The law requires cities to approve compliant projects providing 50% of residential units at affordable rents within 90 days of submittal. Development & Housing Construction & Pipeline

As of January 2019, there are currently 32 housing developments of 5 or more units that are entitled for development or under construction, which will contain 2,268 net new units; this represents a slight increase from the number of 1601 Oxford 2012 Berkeley Way units that were entitled or under construction as of December 2018 (1,919). An additional 1,183 Satellite Affordable Housing This project will be the largest ever Associates will provide 37 permanent housing project for units (in 28 distinct projects) are proposed. The residential units, including 34 homeless and low-income residents overall trend in the last two years has been one of affordable units for seniors. with 89 rental units affordable, 53 increasing numbers of units in the development permanent supportive housing units and construction pipeline. for people who were previously homeless and 44 short-term shelter beds, 12 of which will be for veterans. DEMOGRAPHICS 24 1820 SOLANO AVENUE, BERKELEY, CA 94707 LOCKEHOUSE INVESTMENT SALES TEAM | www.LOCKEHOUSE.com

ESTIMATED POPULATION 1 MILE 3 MILES 5 MILES 31,957 181,492 320,321

DAYTIME EMPLOYEES 1 MILE 3 MILES 5 MILES 7,751 96,482 167,258

AVERAGE HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES $194,274 $131,588 $135,314

BACHELOR'S DEGREE OR HIGHER 1 MILE 3 MILES 5 MILES 20,029 86,385 145,743

HOUSEHOLD RETAIL EXPENDITURES 1 MILE 3 MILES 5 MILES $4,508 $3,326 $3,405

HOUSEHOLD DENSITY (PSM) 1 MILE 3 MILES 5 MILES 4,295 2,589 1,707

HOUSEHOLDS WITH CHILDREN KEY 1 MILE 3 MILES 5 MILES 5 MILES 3,794 15,811 30,745 3 MILES HOME VALUES OVER 1 MILLION 1 MILE 1 MILE 3 MILES 5 MILES 9,017 30,245 57,702 David Kram Rachel Kram Tatiana Guzman Managing Director of Investment Sales Vice President of Investment Sales Investment Sales/Retail Associate LOCKEHOUSE (650) 445-4491 (650) 445-4490 (925) 627-7907 [email protected] [email protected] [email protected] License 01848816 License 02021048 License 02111438

477 9th Avenue, Suite 100 San Mateo, CA 94402 | 2099 Mt Diablo Boulevard, Suite 206 Walnut Creek, CA 94596 | License #01784084 | WWW.LOCKEHOUSE.COM

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