2488 JUNIPERO SERRA DALY CITY

KEVIN PHILLIPS +1 650 398 0293 [email protected] 2488 JUNIPERO SERRA BLVD BRE #01470917 DALY CITY CHRIS GIOTINIS +1 650 398 0292 SINGLE TENANT OFFICE PROPERTY FOR SALE [email protected] BRE #01962295 | 1 2488 JUNIPERO SERRA DALY CITY

IMPORTANT INFORMATION

The information contained in the following marketing package has been given to us by the owner of the property, or obtained through sources we deem reliable. While we have no reason to doubt it’s accuracy, SC Properties does not guarantee it.

Verification of the enclosed information should be conducted by a thorough inspection of the property along with a review of all source documents in possession of the seller during the due diligence period. This marketing package has been produced to provide summary information in order to establish a preliminary level of interest in the subject property.

SC Properties strongly advises any potential purchaser to consult with a Tax Advisor and/or Legal Counsel prior to acquiring the property. Any potential purchaser is also strongly advised to confirm lot and building square footage prior to purchase and should not rely upon the square footage supplied in this marketing package. Upon entering into a contract to purchase the subject property, we recommend the Buyer hire licensed professionals to perform physical inspections on the property.

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THE OFFERING

SC Properties is pleased to exclusively offer for sale 2488 Junipero Serra Blvd providing investors the unique opportunity to purchase a single-tenant office property in Daly City, California. The property is currently occupied by Intero Real Estate with a lease through 2021. The property is a few short blocks to the Daly City BART station, Serramonte Shopping Center and Westlake Shopping Center, 10 miles to Downtown , and 10 miles to SFO.

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PROPERTY SUMMARY

Property Address 2488 Junipero Serra Blvd, Daly City, CA

Asking Price $1,795,000

CAP Rate 3.78%

Price/SF $413

Current Tenant Intero Real Estate

4,345 SF Ground Floor; Building Square Feet 550 SF Bonus Mezzanine; 4,345 SF Parking Garage

Lot Square Feet 5,002 SF

APN 006-206-180

Current Use Office

Zoning C-RO - Retail and Office

Individual gas, electric and water meters Utilities 400 Amp electric service

Parking Secure Garage, 10 spaces

Roof Type Torch Down, Composition

A/C 3 Roof-top Units

Construction Concrete Cinder Block

Foundation Concrete Perimeter and Slab | 4 2488 JUNIPERO SERRA DALY CITY

TENANT INFORMATION

Established in 2002 by founders Gino Blefari, John Thompson, Tom Tognoli, Jerry Kiss, Brian Crane, Terry Meyer and Kevin Moles, Intero Real Estate Services is one of the leading real estate companies in the nation with more than 1400 agents in 32 offices serving California and Arizona. Intero helps customers in buying and selling homes; guides for home loans; and assists individuals and businesses with relocation services. The company is based in Cupertino, California, and has offices in California, Texas, Nevada, Alabama, Tennessee, and Arizona. Intero Real Estate Services, Inc. operates as a subsidiary of Intero Real Estate Holdings, Inc. www.interorealestate.com

Intero has a first right of refusal to purchase, and has seven days from receipt of a ratified offer to respond.

FINANCIAL OVERVIEW

Current Monthly Lease Rate $7,856.37 ($1.81/SF/Mo.)

Rent Increases Annual, CPI

Property taxes and insurance paid by Owner. All utilities, Expense Allocation landscape, roof and HVAC maintainance paid by tenant.

Lease Expiration Date 12/31/2021

Options to Extend 0

Current CAP Rate 3.78%

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PROPERTY PHOTOS

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PARCEL MAP

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2488 J UNIPERO S ERRA B OULEVARD D A LY C ITY, C A 94015

SITE PLAN

21' 5'

Driveway Garage 26' (Below Main Building)

Dn

12' 9' Main Building

Planter 90th St

Up Dn

Ramp Walk-way Up 6' Planter Dn 7'

Junipero Serra Blvd SITE PLAN

N

Rendering by Floor Plan Visuals, www.fpvisuals.com All measurements are approximate. While deemed reliable, no information on these floor plans should be relied upon without independent verification. | 8 31' 9' 9' 9' 4' 20'

5'

11' Office Open Office 12'

14' Restroom Restroom

22' 6' Office

19'

Up

4'

8' 38' 5' 4' 9' 5' 19' Storage Mech Dn

6'

14' Room Office 8' 2' 13'

8'

8' 9' Office Kitchen 6'

13' 12' 5'

Open Office 5'

32' 8' Restroom

17'

5'

Dn 7' 2488 JUNIPERO SERRA DALY CITY

22' Reception Conference Room 18'

31' 9' 9' 9' 4' 20' Office 14'

9' Office

5' Office

7'

11' 11' Office 33' Open Office 12' 9' 10' 15' 14'

14' Dn Restroom Restroom

22' 6' Office 19' Ramp FLOOR Up PLANS Up Dn

4'

8' 38' 5' 4' 9' 5' 19' 31' Storage MAIN LEVEL 9' 9' 9' 4' 20' Mech Dn

6' 14' Dn 4,345 SQ FT Room Office 8' 2' 13'

5'

8'

11' Office

12' Open Office 8'

9' 14' Office Kitchen Restroom Restroom 6'

13' 22' Estimated6' Total Square Footage:Office 9,240 SQ FT

19' 12' 5' Calculated from outside face of exterior walls. Up

Open Office Storage 5'

24'

32'

4' 8' Restroom

17'

8'

5'

Dn 7' 38' 5' 4' 9' 5' 19' Storage N Dn Mech 22'

6'

14' Room Office 8' 2' 13' Reception Conference

18' 8' Room MEZZANINE LEVEL

Office 14'

8' 19'

9'

9' Office Kitchen 550 SQ FT OfficeOffice 7' 6'

13' 12' 5' 11' 33' 9' 10' 15' 14' Dn

Open Office 5'

32' 8' Restroom 17' Up

5' Ramp

Dn 7' Up Dn

22' Reception Conference Room 18' MAIN LEVEL

Office 14' 4,345 SQ FT 9' Office Dn Office

7' 11' 33' 9' 10' 15' 14' Dn Garage Estimated Total Square Footage: 9,240 SQ FT Ramp Calculated from outside face of exterior walls. Up Dn Storage

24'

47' 8' 84'

N Storage 6' MAIN LEVEL Dn 4,345 SQ FT

19' MEZZANINE LEVEL 550 SQ FT Estimated Total Square Footage: 9,240 SQ FT

Calculated from outside face of exterior walls. 15' Storage

24' 93' Up N LOWER LEVEL 19' MEZZANINE LEVEL 550 SQ FT 4,345 SQ FT

Rendering by Floor Plan Visuals, www.fpvisuals.com All measurements are approximate. While deemed reliable,Garage no information on these floor plans should be relied upon without independent verification.

Up

47' 8' 84'

Storage 6'

Garage

15'

47' 8' 84' 93'

Storage 6'

LOWER LEVEL 4,345 SQ FT

Rendering by Floor Plan Visuals, www.fpvisuals.com

15' All measurements are approximate. While deemed reliable, no information | 9 on these floor plans should be relied upon without independent verification. 93'

LOWER LEVEL 4,345 SQ FT

Rendering by Floor Plan Visuals, www.fpvisuals.com All measurements are approximate. While deemed reliable, no information on these floor plans should be relied upon without independent verification. 2488 JUNIPERO SERRA DALY CITY

SALE COMPS

BUILDING LAND YEAR CAP ADDRESS SALE PRICE $ / SF BUILDING $ / SF LAND SALE DATE PROPERTY SF SF BUILT RATE 6760 Mission St, Mixed use property - 2,000 6,720 $1,125,000.00 $562.50 $167.41 3.88% 4/10/2018 Daly City, CA office/residential 6175 Mission St, Mixed use property - 3,582 3,049 $1,570,000.00 $438.30 $514.92 1952 4/4/2018 Daly City, CA office/retail 119 Park Blvd, 1,100 5,227 $1,267,500.00 $1,152.27 $242.49 1945 7/16/2018 Single tenant office property Millbrae, CA 212-214 Miller Ave, Multi-tenant office property, 5,457 7,145 $2,500,000.00 $458.13 $349.90 2/4/2019 S. San Francisco, CA development 300-340 Eureka Sq, Multi-tenant office property, 5,400 13,939 $2,300,000.00 $425.93 $165.00 1962 4.70% 4/16/2019 Pacifica, CA buyer to occupy 2311 Taraval St, Single tenant - Occupied by 4,800 8,250 $2,600,000.00 $541.67 $315.15 1950 6/27/2018 San Francisco, CA CAL Insurance

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AREA OVERVIEW

DALY CITY, CALIFORNIA Located in San Mateo County immediately south of San Francisco, Daly City is a beautiful, coastal community boasting a diversified local economy, a growing young labor force, and a diverse array of nearby amenities. Known as the “Gateway to the Peninsula”, Daly City has become a regional hub for retail, healthcare and small business. The city’s central location and vast offering of cultural attractions and outdoor activities make Daly City a wonderful place to live and work.

DEMOGRAPHICS Quick Facts Size: 7.6 square miles Population: 107,074 Estimated Median Age: 39 Median Household Income: $86,342 Median Property Value: $651,600 Estimated Households: 31,318

Daly City is bordered by the cities of San Francisco, Brisbane, Pacifica and South San Francisco - some of the most affulent cities along the and in Silicon Valley. The quality of life characteristics found in Silicon Valley are difficult to find anywhere in the world. A diverse cultural environment welcomes residents from all over the world and provides a rich cross section of cultures. The city offers residents a safe and family-friendly environment, beautiful residential areas and a charming community.

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KEVIN PHILLIPS +1 650 398 0293 [email protected] BRE #01470917

CHRIS GIOTINIS +1 650 398 0292 [email protected] BRE #01962295

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