16880 Joleen Way • Morgan Hill , CA 95037 Exclusive Agents the Investment Summary

F O R S A L E

A U T O M O T I V E S E R V I C E P R O P E R T Y

PRICE REDUCED - $3,250,000 NNN Investment Owner / User Potential Only Property of It's Kind Available in Town !! Strong Net Operating Income with Great Upside

16880 Joleen Way • Morgan Hill , CA 95037 Exclusive Agents The Investment Summary

Steve Malech - Vice President Price: $3,250,000 Cap Rate (Actual): 4.22% Phone: 408.782.4006 Cap Rate (Pro Forma - 2019): 5.08% Email: [email protected] CA Lic. #01317241 16880 Joleen Way is a rare opportunity for an investor to acquire an automotive repair facility in Silicon Valley. Rafael Ramos - Senior Associate The subject property is a multi-tenant building that consists of Phone: 408.476.4828 appoximately 13,230 SF of space on a 0.81 AC lot. The property is Email: [email protected] fully leased with established, long term tenants but still has CA Lic. #01499147 Owner / User potential with one of the tenant's being on a month-to-month lease. Call for details.

5330 Camden Avenue, San Jose, CA 95124 Property Information Property Highlights Summary • Address: 16880 Joleen Way • Fully leased NNN investment

• City / State: Morgan Hill, CA • Owner / User potential - Twin Glass lease is month-to-month

• Zip: 95307 • Strong Net Operating Income (NOI) with updside potential

• County: Santa Clara • High power - 800 amps - Buyer must verify

• Parcel Number (APN): 817-11-029 • All tenants are long standing with established businesses

• Building SF. (Approx): 13,230 • Located in Morgan Hill - a rapidly growing community

• Lot Size (AC): 0.81 AC

• No. of Stories: 1

• Year Built: 1981

• Zoning: M1

• Parking: 26 surface spaces

• Rollup Doors: 7

16880 Joleen Way , Morgan Hill , CA 95037 Income & Expenses Financial Overview

ACTUAL

Income

Tenant Monthly Rent Annual Rent

Twin Glass $5,886 $70,632

County Automotive $5,551 $66,611

Total Income $11,437 $137,243

creativepro.com Expenses

Monthly Expense Annual Expense

City Utilities - Water $166 $1,995

Landscaping $75 $900

PG&E $34 $412

Management Fee $686

Total Expenses $962 $11,542

Reimbursements $11,542

NOI $137,243

Cap Rate 4.22%

Asking Price $3,250,000

Management fee is 6.00% of gross income

16880 Joleen Way , Morgan Hill , CA 95037 Income & Expenses Financial Overview

PRO FORMA

Lease $ / PSF Monthly $ / PSF Monthly $ / PSF Monthly $ / PSF Monthly $ / PSF Monthly Suite Tenant Rentable SF Expiration 2018 Rent 2018 2019 Rent 2019 2020 Rent 2020 2021 Rent 2021 2022 Rent 2022

Country 1 6354 12/31/2021 $0.87 $5,528 $0.90 $5,694 $0.92 $5,865 $0.95 $6,041 $1.31 $8,324 Automotive

2 Twin Glass 6720 M2M $0.88 $5,924 $1.20 $8.064 $1.24 $8,306 $1.27 $8,555 $1.31 $8,812

creativepro.com creativepro.com creativepro.com creativepro.com

creativepro.com creativepro.com creativepro.com Total Monthly Rent $11,442 $13,758 $14,171 $14,596 creativepro.com $17,135

creativepro.com creativepro.com creativepro.com Total Annual Rent $137,299 $160,094 $170,047 $175,148 creativepro.com $205,626

Cap Rate 4.22% 5.08% 5.23% 5.39% 6.33%

Assumptions: - Management fee is 6.00% of gross income - Twin Glass rent increased to $1.20 / PSF (NNN) in 2019 - Country Automotive rent brought up to fair market value ($1.31 / PSF (NNN)) in 2022 to align with Twin Glass rent - 3% annual increases for all tenants

16880 Joleen Way , Morgan Hill , CA 95037 Site Map Property Overview 16880 Joleen Way , Morgan Hill , CA 95037

Twin Country Glass Automotive

* Not to scale ** Approximate layout *** Twin Glass on month-to-month lease. Buyer can occupy space as Owner / User Aerial Property Overview 16880 Joleen Way , Morgan Hill , CA 95037 Parcel Map Property Overview 16880 Joleen Way , Morgan Hill , CA 95037 Santa Clara County About Morgan Hill Market?????????????? Overview

Santa Clara County is located at the heart of Silicon Valley and is part of Morgan Hill is a city in Santa Clara County at the the greater San Francisco Bay Area. According to 2015 estimates, the southern tip of Silicon Valley. It is a rapidly growing population is 1,918,044. community that is host to a number of top companies in their respective spaces including The county seat is San Jose, the tenth-most populous city in the United Flextronics, Specialized Bikes, Safeway, Velodyne LiDAR, States. and TenCate Advanced Composites.

Today, Santa Clara County, is the headquarters for approximately Since 2000, Morgan Hill has seen significant increases in 6,500 high technology companies, including many of the largest tech household income levels. As of a 2016 survey, income companies in the world, among them hardware manufacturers AMD, levels had jumped +35.20% from 2000. As of 2018, Cisco Systems and Intel, computer and consumer electronics companies the Median Household Income level in Morgan Hill was Apple Inc. and Dell, and internet companies Google and Netflix. among the strongest in the San Francisco Bay Area at $110,769. Based on a 2013 study, the region employs about a quarter of a million information technology workers. The combination of a highly educated workforce and prestigious employers have given Santa Clara County the distinction of having the highest median income of any California County.

In addition to top teir employers, Santa Clara County is home to a number of top universities including Stanford University, San Jose State University and Santa Clara University.

Santa Clara County also features an abundance of entertainment and ammenities including Great America, Levi’s Stadium, Winchester Mystery House, Moffett Airfield, Downtown San Jose, Westfield Valley Fair, Stanford Shopping Center and Bay 101 Casino.

Stanford University Largest Employers Shopping & Entertainment Market Overview • Morgan Hill Unified School District • Trader Joe's - 0.2 mi.

• Anritsu Company • Home Depot - 0.4 mi.

• Specialized Bikes • Morgan Hill Sports Center - 0.8 mi.

• Paramit Corporation • Morgan Hill Community Park / Recreation Center - 0.8 mi.

• Infineion Technologies • Morgan Hill Aquatic Center - 1.3 mi.

• Lusamerica Foods, Inc. • 24 Hour Fitness - 1.7 mi.

• NxEdge • TJ Maxx - 1.8 mi.

• Safeway • CineLux Theatres - 1.8 mi.

• Mission Bell Mfg. • O'Reilly Auto Parts - 2.0 mi.

• Del Monaco Speciality Foods, Inc. • Rite Aid - 2.1 mi.

• GSA Distance from subject property shown above

16880 Joleen Way , Morgan Hill , CA 95037 El Toro Hill E x t e r i o r Property Photos

16880 Joleen Way , Morgan Hill , CA 95037 Confidentiality & Disclaimer Legal 16880 Joleen Way , Morgan Hill , CA 95037

The information in the following Marketing Brochure is proprietary and strictly confidential.

It is intended to be reviewed only by the party receiving it from CSR Commercial Real Estate Services and should not be made available to any other person or entity without the written consent of CSR Commercial Real Estate Services. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the property. The information contained herein is not a substitute for a thorough due diligence investigation.

CSR Commercial Real Estate Services has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, CSR Commercial Real Estate Services has not verified, and will not verify, any of the information contained herein, nor has CSR Commercial Real Estate Services conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.

All potential buyers must take appropriate measures to verify all of the information set forth herein.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONTACT CSR COMMERCIAL REAL ESTATE SERVICES FOR MORE DETAILS.