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3739Underwood Drive 4 UNITS 3739 UNDERWOOD DRIVE OFFERING MEMORANDUM • SAN JOSE • CALIFORNIA JUSTIN BRIAN BAUTISTA HENRY 650.996.9384 650.823.1220 JUSTIN . BAUTISTA @ NGKF . COM B R IAN . H E N R Y @ NGKF . COM CA R E L IC E NS E # 01268331 CA R E L IC E NS E # 01385537 The distributor of this communication is performing acts for which a real estate license is required. The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 19-0954/19-08 OFFERING MEMORANDUM PAGE TABLE OF CONTENTS 3739 UNDERWOOD DRIVE 2 SAN JOSE • CALIFORNIA Section I: INVESTMENT HIGHTLIGHTS Property Overview and Highlights ..............................................................................4-5 Area Map .........................................................................................................................6 Transportation Map ........................................................................................................7 Local Amenities ...............................................................................................................8 San Jose Employers Map ...............................................................................................9 Campbell Employers Map ...........................................................................................10 Area Highlights .........................................................................................................11-12 Section II: FINANCIAL OVERVIEW Property Photos - Interiors & Exteriors .....................................................................14-15 Valuation Summary ......................................................................................................16 Rent Roll .........................................................................................................................17 Operations Statement ..................................................................................................18 Property Overview ........................................................................................................19 Parcel Map ....................................................................................................................20 Aerial View .....................................................................................................................21 Section III: COMPARABLE ANALYSIS Sales Comparable Properties .................................................................................23-24 Sales Comparable Properties Summary .....................................................................25 Sales Comparable Map ...............................................................................................26 19-0954/19-08 JUSTIN BRIAN BAUTISTA HENRY 650.996.9384 650.823.1220 JUSTIN . BAUTISTA @ N GKF.COM BRIAN . HENRY @ N GKF.COM OFFERING MEMORANDUM 3739 UNDERWOOD DRIVE SAN JOSE • CALIFORNIA section one investment highlights 19-0954/19-08 JUSTIN BRIAN BAUTISTA HENRY 650.996.9384 650.823.1220 JUSTIN . BAUTISTA @ N GKF.COM BRIAN . HENRY @ N GKF.COM OFFERING MEMORANDUM PAGE PROPERTY OVERVIEW AND HIGHLIGHTS 3739 UNDERWOOD DRIVE 4 SAN JOSE • CALIFORNIA INVESTMENT HIGHLIGHTS • List Price: $1,988,000 • Unit Mix: • (1) 2+1 with Washer & Dryer and Patio • (2) 2+1 • (1) 3+2 Owner’s Unit with Washer & Dryer and Patio • Newer Dual Paned Windows, Roof and Exterior Paint • 3 Units Completely Renovated • Brand New Kitchens & Bathrooms, Can Lighting, LVT Flooring Throughout • Spacious units – average 840 square feet each • Detached carports – NO tuck under parking • Strong in Place Rents with Upside Potential • GRM (Current / Market): 16.88 / 15.90 • Cap Rate (Current / Market): 3.66% / 4.01% • Ideal Rental Location • Moments to San Tomas Expressway, Highway 280, Santana Row • Convenient to Jobs, Shopping, Parks and Schools • Incredible 30-year Fixed Interest Rates are Available 19-0954/19-08 JUSTIN BRIAN BAUTISTA HENRY 650.996.9384 650.823.1220 JUSTIN . BAUTISTA @ N GKF.COM BRIAN . HENRY @ N GKF.COM OFFERING MEMORANDUM PAGE PROPERTY OVERVIEW AND HIGHLIGHTS 3739 UNDERWOOD DRIVE 5 SAN JOSE • CALIFORNIA NEWER DUAL PANED WINDOWS 2 UNITS - WASHER & DRYER 2 UNITS - PATIOS 3 UNITS - NEW KITCHENS 3 UNITS - LVT FLOORING DETATCHED CARPORTS 3 UNITS - NEW BATHROOMS 3 UNITS - CAN LIGHTING NO TUCK UNDER 19-0954/19-08 JUSTIN BRIAN BAUTISTA HENRY 650.996.9384 650.823.1220 JUSTIN . BAUTISTA @ N GKF.COM BRIAN . HENRY @ N GKF.COM OFFERING MEMORANDUM PAGE AREA MAP 3739 UNDERWOOD DRIVE 6 SAN JOSE • CALIFORNIA Area Map SAN JOSE CAMPBELL 3739 UNDERWOOD DRIVE SAN JOSE • CALIFORNIA 19-0954/19-08 JUSTIN BRIAN BAUTISTA HENRY 650.996.9384 650.823.1220 JUSTIN . BAUTISTA @ N GKF.COM BRIAN . HENRY @ N GKF.COM OFFERING MEMORANDUM PAGE TRANSPORTATION MAP 3739 UNDERWOOD DRIVE 7 SAN JOSE • CALIFORNIA REDWOOD CALTRAIN STATION ATHERTON SANArea JOSE Map CALTRAIN STATION VTA LIGHT RAIL MENLO PARK AND BUS: CALTRAIN STATION Light Rail gets you quickly and PALO ALTO inexpensively through the city, including CALTRAIN STATION the Alum Rock, Almaden and Santa Teresa areas of San Jose, plus neighboring Mountain View and Campbell. The CALIFORNIA AVENUE CALTRAIN STATION extensive bus routes are easy to navigate throughout all of Silicon Valley. CALTRAIN: Easy access to San Francisco (including MOUNTAIN VIEW AT&T Park, home of the SF Giants) as well CALTRAIN STATION as access to shopping at the Gilroy Outlets is as easy as hopping on a train. Trains run 237 daily with fares starting at $3 and increase based on zones traveled in and over what SUNNYVALE period of time. CALTRAIN STATION SAN ANTONIO CALTRAIN STATION DASH (DOWNTOWN 680 AREA SHUTTLE) Y SHUTTLE: A SANTA CLARA Take advantage of the free shuttle which W CALTRAIN STATION hits key areas of Downtown. Shuttles run S Monday to Friday, from approximately S E 6:30am to 9:15pm. R 85 LAWRENCE P CALTRAIN STATION X E 87 S A M SAN JOSE O H COLLEGE PARK T CALTRAIN STATION DIRIDON N CALTRAIN STATION A S VIRGINIA TAMIEN CALTRAIN STATION CALTRAIN STATION 17 CAPITOL CAMPBELL CALTRAIN STATION 85 3739 UNDERWOOD DRIVE SAN JOSE • CALIFORNIA 19-0954/19-08 JUSTIN BRIAN BAUTISTA HENRY 650.996.9384 650.823.1220 JUSTIN . BAUTISTA @ N GKF.COM BRIAN . HENRY @ N GKF.COM OFFERING MEMORANDUM PAGE LOCAL AMENITIES 3739 UNDERWOOD DRIVE 8 SAN JOSE • CALIFORNIA CAFES & BARS HOTELS 1 7 LEAVES CAFE 1 ALOFT SAN JOSE CUPERTINO 2 BIJAN BAKERY & CAFE 2 DOUBLETREE BY HILTON HOTEL 3 CLOVER BAKERY & CAFE 3 LARKSPUR LANDING CAMPBELL 4 FOCUS MUSIC KTV & CAFE 4 TOWNEPLACE SUITES MARRIOTT 5 ROSE CAFÉ & DONUTS 6 STARBUCKS PERSONAL CARE & HEALTH 7 SNOWFLAKE DESSERT HOUSE 1 24 HOUR FITNESS 8 YEGANEH BAKERY AND KAFE 2 ATELIER STUDIO SAN JOSE 3739 UNDERWOOD DRIVE 3 BELLO HAIR SALON SAN JOSE • CALIFORNIA 880 RESTAURANTS 4 FIT REPUBLIC 1 AMATO'S 5 FITNESS 19 - CAMPBELL 9 2 BAR BAY GRILL 6 KISSNESSA'S DANCE & FITNESS 13 3 FLAVORS OF INDIA 7 LIMON SALON 7 3 4 LE PAPILLON 8 NANA'S HAIR SALON AND SPA 7 8 10 17 2 6 5 5 MIZU SUSHI BAR & GRILL 9 O'CONNOR HOSPITAL 1 3 2 6 POKE PARADISE 10 RUBAL BEAUTY SALON 5 2 7 6 4 11 7 6 7 ROSIE MCCANN'S IRISH PUB 11 SANTA CLARA VALLEY MEDICAL 4 2 6 5 1 8 SANTOUKA 12 TOTAL WOMAN SAN JOSE 3 10 9 SELAM RESTAURANT AND CAFE 1 280 3 7 10 SGD TOFU HOUSE SHOPPING & SERVICES 8 12 1 11 STONE STEW 1 CVS 8 Y 11 6 12 TOMISUSHI RESTAURANT 2 HOME DEPOT A 8 W 13 VIA MIA PIZZA 3 NOB HILL FOODS S 4 PLAZA SHOPPING CENTER 1 S 4 E 9 5 5 ENTERTAINMENT 5 SAFEWAY R 1 AMC SARATOGA 14 6 SANTANA ROW P X 2 CINELUX PLAZA THEATRE 7 SARATOGA SQUARE 13 E 3 SHOWPLACE ICON VALLEY FAIR 8 STRAWBERRY PARK SHOPPING 1 S 4 A 4 WEST SAN JOSE COMMUNITY 9 TRADER JOE'S M 4 O 12 4 H 5 WINCHESTER MYSTERY HOUSE 10 TRADER JOE'S 11 T 17 11 WALGREENS FINANCIAL 12 WEST PARK PLAZA N A 1 BANK OF AMERICA ATM 13 WESTFIELD VALLEY FAIR S 2 CHASE BANK 14 WESTGATE CENTER 15 3 16 4 3 CITIBANK 15 WESTGATE WEST 9 14 2 3 4 COMERICA BANK 16 WHOLE FOODS MARKET 5 UNION BANK 17 WINCHESTER SHOPPING CENTER 2 1 12 6 WELLS FARGO BANK 10 7 WELLS FARGO BANK CAMPBELL 5 3 85 5 19-0954/19-08 JUSTIN BRIAN BAUTISTA HENRY 650.996.9384 650.823.1220 JUSTIN . BAUTISTA @ N GKF.COM BRIAN . HENRY @ N GKF.COM OFFERING MEMORANDUM PAGE SAN JOSE EMPLOYERS - PRESENT AND PROJECTED 3739 UNDERWOOD DRIVE 9 SAN JOSE • CALIFORNIA EMPLOYEES: EMPLOYEES: 1,750 14,000 EMPLOYEES: 3,000 EMPLOYEES: EMPLOYEES: 1,700 PROPOSED 1,700 APPLE CAMPUS EMPLOYEES: TBD REGIONAL MEDICAL CENTER COUNTY OF EMPLOYEES: SANTA CLARA 1,600 PROPOSED EMPLOYEES: 17,800 EMPLOYEES: APPLE 3,000 CAMPUS EMPLOYEES: TBD EMPLOYEES: 2,000 EMPLOYEES: 6,159 EMPLOYEES: 4,480 APPLE PARK (SPACESHIP) EMPLOYEES: APPROX. EMPLOYEES: 1,950 12,000 PROPOSED IR A BNB EMPLOYEES: 3,100 ADOBE SYSTEMS EMPLOYEES: TBD EMPLOYEES: PROPOSED 2,200 NOKIA PROPOSED EMPLOYEES: ADOBE OFFICE TBD ADJACENT BLDG EMPLOYEES: TBD 3739 UNDERWOOD DRIVE SAN JOSE • CALIFORNIA EMPLOYEES: 2,320 EMPLOYEES: 2,750 EMPLOYEES: 3,000 EMPLOYEES: EMPLOYEES: 1,950 2,500 19-0954/19-08 JUSTIN BRIAN BAUTISTA HENRY 650.996.9384 650.823.1220 JUSTIN . BAUTISTA @ N GKF.COM BRIAN . HENRY @ N GKF.COM OFFERING MEMORANDUM PAGE NEARBY CAMPBELL ECONOMY & TOP EMPLOYERS 3739 UNDERWOOD DRIVE 10 SAN JOSE • CALIFORNIA CAMPBELL JOBS & ECONOMY The economy of Campbell, California, employs 23k people. The largest industries in Campbell are Manufacturing (3,939 people), Professional, Scientific, & Technical Services (3,156 people), and Health Care & Social Assistance
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