11201 SAN PABLO AVENUE EL CERRITO, CA 94530 I ±2,511 SF I MIXED USE BUILDING
EL CERRITO DEL NORTE BART STATION
OHLONE GREENWAY
CYPRESS AVENUE SAN PABLO AVENUE
11201 San Pablo Ave El Cerrito, CA
St. John’s Baptist school PURCHASE PRICE $550,000san francisco marin
NOI EL CERRITO DEL NORTE $5,542 BART STATION
PROFORMA CAP RATE golden gate10.5% fields Potrero AVENUE
SQ. FT. 2,511
PRICE PER SF 11201 San Pablo Ave El Cerrito, CA $219 CYPRESS AVENUE OCCUPANCYEl Cerrito BART Station 34% SAN PABLO AVENUE
2 COLLIERS INTERNATIONAL TABLE OF CONTENTS
EXECUTIVE SUMMARY 4
OHLONE GREENWAY PROPERTY HIGHLIGHTS 8
FINANCIAL OVERVIEW 12
MARKET OVERVIEW 14
LOCATION OVERVIEW 16
EXCLUSIVELY OFFERED BY: Bryan C. Webb Senior Vice President + 1 415 788 7873 [email protected] Lic: 01826546
11201 SAN PABLO AVE | EL CERRITO, CA 3 san francisco oakland
11201 San Pablo Ave El Cerrito, CA
SAN PABLO AVENUE
4 COLLIERS INTERNATIONAL EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
Colliers International, as Exclusive Advisor to the Seller, is pleased to present the opportunity to acquire the 100% fee simple interest in 11201 San Pablo Ave, El Cerrito, CA (the “Property”), a 2,511 square foot mixed-use building, The building is currently spilt up into three spaces: a ground floor florist which includes a temperature controlled cool room behind the space, an upstairs studio apartment and a vacant in-line retail space previously occupied by a bar which is currently in cold shell condition. The building was built in 1929 and has been used as a Florist shop since the 1950’s. The proximity to the Potrero Street highway exit and Del Norte BART station make this a excellent value add opportunity for an investor. The current ownership has plans drawn by an architect to reconfigure the building with a few different options which will be provided during escrow.
HIGHLIGHTS BUILDING SIZE PARKING POWER
ADDRESS ±2,511 sq. ft. Street Parking Individually metered for PG&E
11201 SAN PABLO AVE El Cerrito, CA CONFIGURATION STORIES OCCUPANCY
(2) - Retail Two 34% (1) - Studio Apt
11201 SAN PABLO AVE | EL CERRITO, CA 5 P
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2 a BRIONES 11201 San Pablo Ave is a 2,511 square foot mixed-use building CORTE RICHMOND n P S EL a REG. PARK PLEASANT t a b a CLAYTON MADERA n lo Briones re D Cutting Bl D T 580 P CERRITO Reservoir HILL Rd comprised of two (2) retail spaces on theee ground levelBRENTWOOD and (1) upstairs a am ley r V 1 b A R al all l rl d 11201 San Pablo Ave V e o in o y g i c R MT. TAMALPAIS A t o a LARKSPUR v n studio apartment. d n g STATE PARK MILL e El Cerrito, CA Y San Pablo 680 BOLINAS VALLEY Reservoir CONTRA Ti b uro WALNUT n ORINDA MUIR WOODS Bl GOLDEN TILDEN PK. 24 GATE FI ELDS CREEK The building benefits from an excellent location on San Pablo Avenue, NATIONAL J.F.K. COSTA STINSON B ALBANYU.C. MONUMENT l TIBURON LAFAYETTE reek Rd 1 UNIV. just a block from the Potrero Avenue exit off Highwayarsh C 80, and less BEACH BERKELEY M Lafayette MT. DIABLO M o Reservoir STATE PARK 580 r COUNTY a g D ANGEL BERKELEY a a than one mile from the El Cerrito del Norte BART Station. This is an W n ROUND SIBLEY y v ISLAND il Ave l VALLEY 1 shby VOLCANIC e ALAMO MUIR GOLDEN 80 A B exceptional value add opportunityREG. PARK for an investor. REG. PRES. ST. M ARY' S l BEACH GATE NAT'L COLLEGE REC. AREA SAUSALITO 24 EMERYVILLE 123 tone Va S lley Rd 101 680 MORGAN POINT ALCATRAZ TREASURE PIEDMONT MORAGA TERRITORY ISLAND LAS TRAMPAS BONITA ridge REG. PRES. Golden y B REDWOOD REGIONAL DANVILLE LIGHTHOUSE Ba Gate Br. FI SHERM AN' S 13 REG. PARK WILDERNESS C am WHARF ino Van Ness 80 OAKLAND Tassajara M ERRI TT JACK LONDON R e SQUARE COLL. d w ALAMEDA Geary Blvd o In o PACBELL te MILLS d D r d o ALAMEDA na R R u U.S.F. g GOLDEN PARK tio COLLEGE d on Highlan y h d na M n R l COUNTY a e d GATE PARK B a C r l c w t INVESTMENT HIGHLIGHTS 61 A ro y G C 880 r R
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H VALLEY a W t n i i w p h n l SAN i y u A t T e R COUNTY LOS d FOOTHILL SANTA JOSE d C R S COLLEGE ALTOS a k 82 p a yl i d CLARA i t ne S.J. INT'L o 0 15 Miles n B l o l E H AI RPORT x LOS p w
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84 CUPERTINO v GREGORIO A 87 d l y R S pi ll a n e Rd AnzaDe Bl u n UPPER CAMPBELL T F STEVENS el STEVENS M ip CREEK CO. PARK o e n R CREEK te d l re CO. PARK B d y r R H 101 1 880 tne w SARATOGA Cur y ve v A A A sdale PESCADERO r ll l 85 e i m a t H g s a CREEK o e PORTOLA t d 35 a h r e CO. PARK Sa c REDWOODS n n P . Rd i e Cr MONTE W E s cadero STATE PARK x p SERENO w y PESCADERO CASTLE Blossom Hill Rd ROCK SANBORN 9 9 STATE SKYLINE BUTANO PARK CO.PARK STATE PARK LOS
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k e e r C r a e B EXECUTIVE SUMMARY
oakland
OHLONE GREENWAY
11201 San Pablo Ave
SAN PABLO AVENUE El Cerrito, CA
11201 SAN PABLO AVE | EL CERRITO, CA 7 PROPERTY HIGHLIGHTS
PROPERTY SUMMARY
PROPERTY OVERVIEW Address 11201 SAN PABLO AVE, EL CERRITO, CA 94530 APN 509-050-001 Land Area ±2,310 SF Zoning Commercial Stories Two
Year Built 1929 Roof Type Flat HVAC Epoxy seal, recently resealed Plumbing Copper/cast iron, recent sewer lateral upgrade EXISTING IMPROVEMENTS Size (SF) ±2,511 Occupancy 34% Number of Tenants One 2019 Scheduled NOI $57,611
8 COLLIERS INTERNATIONAL PROPERTY HIGHLIGHTS 9
11201 SAN PABLO AVE | EL CERRITO, CA | EL CERRITO, AVE PABLO 11201 SAN El Cerrito, CA El Cerrito, 11201 San Pablo Ave PARCEL MAP PARCEL FLOOR PLANS
EXISTING FIRST FLOOR PLAN EXISTING SECOND FLOOR PLAN
10 COLLIERS INTERNATIONAL PROPERTY HIGHLIGHTS 11 11201 SAN PABLO AVE | EL CERRITO, CA | EL CERRITO, AVE PABLO 11201 SAN EXISTING ELEVATIONS EXISTING FINANCIAL OVERVIEW
Street Address 11201 San Pablo Ave Purchase Price $550,000
City, State, Zip El Cerrito, CA 94530 CAP Rate 1.01% County Contra Costa Price Per SF $219 Year Built 1949 GRM Parking Street NOI $5,542
Rent Roll
Suite Tenant SF Lease New Rent Expiration Currently Market $/SF Deposit Building Pro Options Comments Start Increase Monthly Rent Rata % Date Base Rent 11201 San Pablo Ave Florist 848 9/2/14 Flat 7/1/19 $1,200.00 $1,696.00 $1.42 $1,200.00 34% 1-5 year Tenant Pays for PG&E Directly. Lease is NNN Vacant Retail Vacant 1,269 $2,538.00 50.54% In Cold Shell Condition Upstairs 1B/1Ba Vacant 394 $1,200.00 16% Recently Remodeled Leased SF 848 34% Avg Rent/SF Common Area 0 0.00% Available SF 1,663 66.23% $1,200.00 $5,434.00 $1.42 Total SF 2,511
12 COLLIERS INTERNATIONAL FINANCIAL OVERVIEW 13 26% $1,189 10.2% $1,300 $1,600 $1,000 $6,944 $9,225 $9,225 $2,608 $2,000 $16,641 $72,477 $72,477 $55,836 $65,208 $1,956.00 $1,956.00 $550,000 $14,400.00 $14,400.00 11201 SAN PABLO AVE | EL CERRITO, CA | EL CERRITO, AVE PABLO 11201 SAN $30,456.00 $30,456.00 $20,352.00 $20,352.00 Proforma Amount Proforma Proforma Income Proforma Proforma Annual Rent Annual Proforma $0 $0 73% $219 $576 $550 $850 $400 1.01% $1,189 $1,651 $1,651 $6,944 $5,542 $14,400 $14,400 $16,051 $16,051 $14,400 $14,400 $10,509 $550,000 Annual Rent Annual Actual Amount 2018 Income $219 $1.42 $1.42 $0.16 $4.19 $4.19 $2.77 $0.47 $0.34 $0.23 $0.22 $0.47 $0.47 $0.00 $0.00 $0.00 $0.00 $/SF/Mo $/SF/MO $/MO $0.00 $0.00 $1,200 $1,200 $1,200.00 $1,200.00 SF 394 848 1,269 2,511 Vacancy Factor (3%) Factor Vacancy Asking Price Foot Square Price per Effective Gross Income Gross Effective Current Income Annual Upstairs Studio Upstairs CAM Reimbursements EXPENSES OPERATING & Maintenance Repairs (1.2627%) Taxes Property Water Income of Gross Percentage Existing NOI Cap Rate Current Florist Shop Suite Vacant Income Rental Gross Management (4%) Insurance Special Assessments Collection Trash Landscaping Expenses Operating Total Current Income & Expense & Income Current MARKET OVERVIEW
STUDIO RENT COMPARABLES
$1,900
$$3,2001,850 Projected that new rentals will be able to $1,800 charge for RUBs, $70 / Unit / Mo. $$3,0501,750
$1,700
$$2,9001,650 $1,600
$$2,7501,550 $1,500
$1,450 $2,600 $1,400
$1,350 $2,450 $1,300
$1,250 $2,300 $1,200
$1,150 $2,150 $1,100
$1,050 $2,000 $1,000 3421 BELMONT AVENUE ‐ STUDIO 1907 SAN JOAQUIN ST ‐ STUDIO 525 JACKSON STREET ‐ STUDIO INLAW UNIT of SFR REMLD AVERAGE SUBJECT PROPERTY STUDIO 3421 BELMONT AVENUE - 1907 SAN JOAQUIN ST - STUDIO 525 JACKSON STREET - STUDIO INLAW UNIT of SFR REMLD AVERAGE SUBJECT PROPERTY STUDIO STUDIO
SQUARE FEET RENT RANGE Adjustment Effective Total Rent Unit Type Units Built Small Large AVG Low High Average Concessions RUBs Rent Rent / SF 3421 BELMONT AVENUE - STUDIO 2 1933 330 330 330 $1,400 $1,500 $1,450 $0 $1,450 $4.39 1907 SAN JOAQUIN ST - STUDIO 10 1935 200 350 275 $1,150 $1,225 $1,188 $0 $70 $1,258 $3.59 525 JACKSON STREET - STUDIO 2 1981 325 325 325 $1,650 $1,650 $1,650 $0 $1,650 $3.42 INLAW UNIT of SFR REMLD 2 1976 300 300 300 $1,800 $1,800 $1,800 $0 $0 $1,880 $6.27 AVERAGE $0 $70 $1,543 SUBJECT PROPERTY STUDIO 3 1956 300 300 300 $1,125 $1,125 $1,125 $0 $1,125 $3.75 AVERAGES - 1956 291 321 306 $1,425 $1,460 $1,443 $0 $47 $1,484 $4.28
14 COLLIERS INTERNATIONAL
MARKET OVERVIEW 15 11201 SAN PABLO AVE | EL CERRITO, CA | EL CERRITO, AVE PABLO 11201 SAN PROPERTY PHOTOS LOCATION OVERVIEW EAST BAY OVERVIEW CONTRA COSTA COUNTY ECONOMIC OVERVIEW
The East Bay covers roughly 1,540 square miles of the San Francisco Bay’s eastern Contra Costa County is the 9th most populated county in California and employs shore, encompassing 34 cities and nearly 2.6 million residents. Oakland is the largest 549,609 people in a variety of services; the largest sectors include: city in the East Bay, serving as a major transportation hub for the West Coast. A large • Healthcare & Social Assistance number of the Bay Area’s largest suburbs are located in the East Bay, some of which have evolved into thriving urban communities such as Fremont, Berkeley, Walnut • Professional, Scientific, Tech Services Creek, Hayward and Concord. • Retail Trade Except for some hills and ridges which exist as parklands or undeveloped land, and From 2015 - 2016, employment in Contra Costa County grew at a rate of 2.51%. The some farmland in eastern Contra Costa and Alameda Counties, the East Bay is highly median household income in the county is $91,045, which is more than the median urbanized. The East Bay shoreline is an urban corridor with several cities exceeding annual income in the United States. 100,000 residents, including Oakland, Hayward, Fremont, Richmond, and Berkeley. In the inland valleys on the east side of the Berkeley Hills, the land is mostly developed, Due to its extensive waterfront on San Francisco, San Pablo, and Suisun bays, the particularly on the eastern fringe of Contra Costa county and the Tri-Valley area. In northwestern and northern segments of the county have long been sites for heavy the inland valleys, the population density is less and the cities smaller. The only cities industry, including a number of still active oil refineries (particularly Chevron in exceeding 100,000 residents in the inland valleys are Antioch and Concord. Richmond, Shell Oil and Tesoro in Martinez), chemical plants (Dow Chemical) and a once substantial integrated steel plant, Posco Steel (formerly United States Steel), Linked by numerous highways and the Bay Area Rapid Transit (BART) subway rail now reduced to secondary production of strip sheet and wire. system, the East Bay serves as a major center for new and established economic ventures. The region has a mixed economy of services, manufacturing and small and large businesses. It houses the headquarters of a number of highly notable businesses, including Kaiser Permanente, Pixar Animation Studios, Chevron, Safeway, and Pandora.
16 COLLIERS INTERNATIONAL LOCATION OVERVIEW 17 11201 SAN PABLO AVE | EL CERRITO, CA | EL CERRITO, AVE PABLO 11201 SAN TRANSPORTATION del Plaza and El Cerrito the El Cerrito of consists infrastructure transportation primary The city’s access providing Transit, AC by local bus lines operated stations, along with several Norte BART than a mile is less and Richmond. The subject property Berkeley cities of Albany, the nearby to Plan a Station Modernization undergoing is currently station, which the del Norte BART from is also this local service, El Cerrito to In addition accessibility. and improve crowding to relieve as well as its late Terminal, Transbay the San Francisco to buses transbay Transit’s AC by served the of and one and Pinole, Pablo, San Richmond, through del Norte station the from service night Golden Gate Transit, FAST, line. BART the Richmond-Millbrae which follows routes, Nighter All the del Norte station service between feeder provide Napa VINE, and WestCat Transit, Vallejo Bay. the North and Costa County in Contra and elsewhere A project to redevelop a former Orchard Supply Hardware on Eastshore Boulevard would combine a Chevrolet dealership on the ground floor and housing units on the floors the floors and housing units on floor the ground on dealership a Chevrolet combine would Boulevard Eastshore on Hardware Supply Orchard a former to redevelop A project the southeastern portion of El Cerrito on is nearing completion Walk), 510 (Creekside Metro project, major an estimated 80 jobs. Another provide would The dealership above. parking will and bicycle be available. feet. Garage square gross 211,596 total approximately that buildings two 128 units in center, and will have Plaza shopping NEW DEVELOPMENT preplanning the in are projects New housing and retail development. an upswing in regional is experiencing in jobs, El Cerrito growth estate boom and regional the real by Fueled a consists of completed, and recently was Ohlone Gardens units. One project, including 206 affordable units, residential 1,086 will add stage and when approved, proposal or retail space. floor feet of ground square housing and 3,189 with 57 units of rental mixed use building 4-story El Cerrito city parks include both recreation/sports parks as well as unde- parks as well parks include both recreation/sports city El Cerrito Area Hillside Natural the 80-acre Most notable are areas. nature veloped Lane and Vista Park (Moeser Cerrito Drive), Park (Terrace open space, Huber Park Tassajara Boulevard), and Arlington Park (Arlington Avenue), Pomona and Avenue), Park (Poinsett Poinsett Avenue), and Barrett Avenue (Tassajara to a is home The City Avenue). (Gatto Park and Art Center Trail the Canyon American the Native (named after the Ohlone Greenway 2.6-mile segment of right- BART the along the City the length of that runs trail Ohlone people), a and bicyclists. runners, with walkers, and is popular of-way El Cerrito is home to El Cerrito Plaza, a large automobile-oriented shopping automobile-oriented shopping Plaza, a large to El Cerrito is home El Cerrito Theater, the Cerrito the 1950s, and mall in built as a regional originally center offering beer, wine, and a full for known theater movie two-screen a restored and commercial other by surrounded is center shopping The menu. dining Avenue. and Fairmount along San Pablo Avenue businesses retail The property is one block from San Pablo Avenue, which stretches the length the stretches which Pablo Avenue, San block from is one The property the city. of corridor retail and commercial the primary and is of El Cerrito alike. investors and both residents for desirable very This location is CITY OF EL CERRITO OVERVIEW CITY CERRITO OF EL which is of El Cerrito, city the East Bay in is located Pablo Avenue 11201 San 80 along Interstate Bay, the San Francisco of eastern shore the located on its of views provide Cerrito El of areas hilly The 580. Interstate nearby and is less The city Golden Gate Bridge. the and of Richmond, city, neighboring International International and Oakland San Francisco than 30 miles from airports. 11201 San Pablo Ave El Cerrito, CA 4 minute walk to Ohlone Greenway
18 COLLIERS INTERNATIONAL LOCATION OVERVIEW
OHLONE GREENWAY
The Ohlone Greenway is a 10.3 mile, mostly urban, pedestrian and bike path that begins in Berkeley and ends at Baxter Creek Gateway Park in Richmond. For most of its length, the trail follows the elevated tracks of the BART Richmond train line. In El Cerrito, the path runs along the eastern edge of the San Pablo Avenue corridor, underneath the elevated BART tracks, from the south to north city limits.
The Ohlone Greenway Pedestrian & Bicycle Wayfinding & Amenities Project will improve the Green- way in and around the El Cerrito Plaza and del Norte BART stations. The project began in April and will continue through the fall of 2018, and include improved signage, widening the mixed-use path, and upgrading and expansion of crosswalks, curb ramps and lighting, as well as the installation of landscaping and furnishings along the entire trail.
11201 SAN PABLO AVE | EL CERRITO, CA 19 CLOVER ALE COLO A ROSEVILLE OLSO E SERVILLE 0 LA E OO LAN 0 12 EAL SB R 0 SACRA ENTO CALLISTO A LA E BERR ESSA 0 101 AVIS INTERS ST ELENA 12 1 11 SANTA I ON ROSA O NTVILLE EL ROVE 12 El Cerrito Demographics COMMUTING TIMES FROM121 EL CERRITOVA TO:CAVILLE 2 RO NERTSF DOWNTOWN ...... 30 MIN/14.3 MILES11 TOTAL POPULATION UNEMPLOYMENT PAR 0 SONO A NAPA OAKLAND DOWNTOWN ...... 20 MIN/10 MILES ALT PETAL A AIR IEL NORTH SAN JOSE ...... 57 MIN/47 MILES12 4.2% 4.2% LO I 141,464 24,646 VALLE O 0 12 Berkeley El Cerrito NOVATO 2 SAN S IS N 1 0 Berkeley El Cerrito PABLO 0 BA 1 101 BA ANTIOC 0 SAN RA AEL CONCOR COLLEGE OR HIGHER DEGREE BRENT OO STOC TON ILL VALLE ALN T CREE BER ELE OA LAN % % 0 70 31 SAN ALA E A SAN RA ON ANTECA 120 COLLEGE COLLEGE 20 DEGREE DEGREE RANCISCO 0 0 TRAC RIVERBAN AL SAN LIVER ORE Berkeley El Cerrito CIT RANCISCO A AR BA 0 1 2 O ESTSTOO 2 0 2 PACI ICA 0 AVERAGE HOUSEHOLD INCOME MEDIAN HOME PRICE SAN ATEO RE ONT BERKELEY 1 BERKELEY RE OO $115,149 $876K CIT 0 PAT TERSON T RLOC AL OON PALO ALTO ILPITAS BA EL CERRITO EL CERRITO 2 0 $89,934 O NTAIN $636K VIE SAN OSE NE AN CA PBELL 20 COLLIERS INTERNATIONAL LA ON A STINE LOS ATOS 1 101 1 1 BO L ER OR AN ILL CREE SCOTTS VALLE LOS BANOS 1 2 SAN L IS RESERVOIR ILRO SANTA N CR
ONTERE BA LOCATION OVERVIEW 21 8,730 7,922 8,750 11201 SAN PABLO AVE | EL CERRITO, CA | EL CERRITO, AVE PABLO 11201 SAN S S 4,730 10,000 4,730 OC OC 1 O A O A S BANO S BANO T RL T RL 2 COL COL 0 STO STO LO LO TINE TINE S S RIVERBAN RIVERBAN 120 N N NE AN NE AN O E O E E SERVOIR LA A A OLSO SAN L IS RE TERSO TERSO 1 1 2 E E ON ON PAT PAT 11,000 I I 5,200 4,631 OV OV ANTEC ANTEC T T LO LO C T C T 1 2 0 AL AL ROSEVILLE ROSEVILLE O O STO STO EL R EL EL R EL 20 TRAC TRAC 12 O O OO OO SACRA ENT SACRA ENT ILR ILR AN ILL AN ILL TOP EMPLOYERS IN THE EAST BAY EAST IN THE EMPLOYERS TOP 0 20,000 0 3,700 7,081 BRENT BRENT 101 OR OR 1 0 N N S VI S VI LA LA N N A A 11 LIVER ORE LIVER ORE L L AS AS ANTIOC ANTIOC O I O I N N SAN OSE SAN OSE OO OO S S 12 E E 0 0 S S TO TO TS TS E E VILL VILL 0 ILPIT ILPIT LL LL OT OT 1 A A
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LE O A L A L E E L L O O N BER O O OO OO A A CIT CIT 0 A E A E BA TE TE VA VA SA VILL VILL ON ON 12 RE RE 2 AL AL 1 NAP NAP O RANCISC LA LA 0 ON ON N BER ELE BER ELE NT O NT O BA SA ABL P SAN A SAN A O O BA BA 2 0 N N E E A A L L AEL AEL LL LL 1 SA SA CIT CIT AL O AL O A A COMMUTING TIMES FROM EL CERRITO TO: EL CERRITO FROM TIMES COMMUTING SONO A SONO A ELENA ELENA TO TO 12 VA VA CI IC CI IC 101 ST ST VA VA RANCISC RANCISC PA PA O A LIST O A LIST A A NO NO SAN RA SAN RA ILL ILL SF DOWNTOWN ...... SF DOWNTOWN ...... OAKLAND DOWNTOWN JOSE ...... SAN NORTH L L T T TA TA CAL CAL A A AR AR PE PE P P 12 RO NER RO NER 1 ROSA ROSA SANT SANT 101 LE LE IL IL 11 ALE ALE SERV SERV N EAL SB R EAL SB R E E VER VER O O CL CL 128 Cloverdale
29 101 Healdsburg 128 Sacramento Davis
St. Helena 128 80
DEMOGRAPHICS Rutherford 505 Santa Rosa 12 29 1 Mile 3 Mile 5 Mile 29 Bodega 12 121 2000 Total Population 22,303 Bay 129,949 278,660
2010 Total Population 22,161 130,841 292,018 Sonoma Napa odeg B a 2017 Total Population 23,643 B 140,194 313,855 99 a 2022 Total Population 24,349 y 145,340 326,782Petaluma 1212 116 Fairfield Population Change 2000 to 2010 -.6% .7% 4.8% Population Change 2000 to 2017 6.0% 7.9% 12.6% 121
POPULATION 5 Population Change 2010 to 2022 9.9% 11.1% 11.9% 680 Lodi Population Change 2017 to 2022 3.0% 3.7% 4.1% 35 Vallejo Novato San Pablo Benicia ay sun B Bay Sui Pittsburg Antioch 1 Mile 3 Mile 5 Mile Pinole rake 80 Martinez D s B San San a Hercules 4 2000 Households 9,075 49,704 y107,109 Rafael Pablo Point Reyes Concord 2010 Households 9,050 Lighthouse49,333 109,446 1 580 El Cerrito 2017 Households 9,135 50,400 111,882 Mill Richmond Walnut Creek Valley Lafayette Stockton 2022 Households 9,280 51,503 114,863 Bolinas Tiburon Berkeley 11201 San Pablo Ave 4 24 El Cerrito, CA 2000 to 2010 Household Change -.3% -.7% 2.2% Marin Alamo City Emeryville 2000 to 2017 Household Change .7% 1.4% 4.5% Point Bonita Sausalito 13 Danville HOUSEHOLDS Manteca 2010 to 2022 Household Change 2.5% 4.4% 4.9% Lighthouse Oakland San Ramon 2017 to 2022 Household Change 1.6% 2.2% 2.7% San Francisco 185 San Alameda Leandro 101 Castro Dublin Tracy 99 OAK Valley Daly So. San 580 San 1 Mile 3 Mile 5 Mile City Francisco Pleasanton Livermore Lorenzo Hayward 580 Modesto $50,000 to $59,999 6.5% 7.0% 7.4% San Bruno San Francisco SFO 84 $60,000 to $74,999 10.3% 9.4% 9.4% Pacifica Bay Union Milbrae 92 880 City $75,000 to $99,999 0 11.4% 15 Miles12.5% 12.1% Burlingame San Foster City Turlock $100,000 to $124,999 10.5% 9.5% 8.9% Moss Mateo Beach 2013 DeNador Design & Photography, Sausalito Point Montara Belmont $125,000 to $149,999 6.1% 5.6% 5.6% Lighthouse Redwood Newark Fremont San City 84 M 92 Carlos $150,000 to $199,999 8.4% 7.7% 7.3% f o East
INCOME l a o Half92 Moon Palo Alto 680 Pacific H n $200,000 or more 6.9% 9.8% 9.1% B Bay Palo Alto a 2017 Per Capita Income Ocean$35,696 $35,845 $35,516 y Woodside Mt. Milpitas View 237 SJO 5 2017 Household Income: Median $65,183 $67,150 $63,622 82 Sunnyvale
2017 Household Income: Average $91,679 $98,678 $94,907 La Honda Santa 280 Clara 84 84 35 Cupertino 22 COLLIERS INTERNATIONAL Pescadero Saratoga San Jose 85 Campbell CONFIDENTIALITY AGREEMENT
This Confidential Offering Memorandum (the “Memorandum”) has been prepared and presented to the recipient (the “Recipient”) by Colliers International (“Colliers”) as part of Colliers’ efforts to market for sale the real property located at 11201 San Pablo Ave, El Cerrito, CA 94530 (the “Property”). Colliers is the exclusive agent and broker for the owner(s) of the Property (the “Owner”). Colliers is providing this Memorandum and the material contained in it to the Recipient solely to assist the Recipient in determining whether the Recipient is interested in potentially purchasing all or part of the Property. Colliers also is providing this Memorandum and the material in it to the Recipient with the understanding that the Recipient will independently investigate those matters that it deems necessary and appropriate to evaluate the Property and that the Recipient will rely only on its own investigation, and not on Colliers, the Owner or this Memorandum, in determining whether to purchase the Property. The Recipient’s use of this Memorandum and the material in it is strictly governed by the terms and conditions of the Registration and Confidentiality Agreement that the Recipient previously executed and delivered to Colliers.
PLEASE NOTE THE FOLLOWING: Colliers, the Owner and their respective agents, employees, representatives, property managers, officers, directors, shareholders, members, managers, partners, join venturers, corporate parents or controlling entities, subsidiaries, affiliates, assigns and predecessors and successors-in-interest make no representations or warranties about the accuracy, correctness or completeness of the information contained in this Memorandum. The Recipient is urged not to rely on the information contained in this Memorandum and to make an independent investigation of all matters relating to the Property.
This Memorandum includes statements and estimates provided by or to Colliers and/or the Owner regarding the Property. Those statements and estimates may or may not be accurate, correct or complete. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements and estimates. Further, nothing contained in this Memorandum should be construed as representation or warranty about any aspect of the Property, including, without limitation, the Property’s (1) past, current or future performance, income, uses or occupancy, (2) past, current or prospective tenants, (3) physical condition, (4) compliance or non-compliance with any permit, license, law, regulation, rule, guideline or ordinance, or (5) appropriateness for any particular purpose, investment, use or occupancy. Again, the Recipient is urged not to rely on this Memorandum and the statements and estimates in it and to make an independent investigation regarding the Property and the statements and estimates contained herein.
This Memorandum may include statements regarding, references to, or summaries of, the nature, scope or content of contracts and/or other documents relating to the Property. Those statements, references or summaries may or may not be accurate, correct or complete. Additionally, Colliers may not have referenced or included summaries of each and every contract and/or other document that the Recipient might determine is relevant to its evaluation of the Property. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements, representations or summaries. On request and as available, and subject to the Owner’s consent, Colliers will provide the Recipient with copies of all referenced contracts and other documents. Colliers assumes no obligation to supplement or modify the information contained in this Memorandum to reflect events or conditions occurring on or after the date of its preparation of this Memorandum.More detailed information regarding the anticipated terms, conditions and timing of any offering by the Owner relating to the Property will be provided in due course by separate communication. Colliers and/or the Owner reserve the right to engage at any time in discussions or negotiations with one or more recipients of this Memorandum and/or other prospective purchasers of the Property without notice or other obligation to the Recipient.
11201 SAN PABLO AVE | EL CERRITO, CA 23 EXCLUSIVELY MARKETED BY: Accelerating success. Bryan C. Webb Senior Vice President + 1 415 288 7873 COLLIERS INTERNATIONAL | 101 SECOND STREET, 11TH FLOOR [email protected] SAN FRANCISCO, CA 94105 www.colliers.com Lic: 01826546