FOR SALE: OPPORTUNITY ZONE DEVELOPMENT OR INVESTMENT PROPERTIES IN UPTOWN OAKLAND

1917 San Pablo Avenue 630 19th Street

RARE CONTIGUOUS PARCELS CLOSE TO 19TH ST. BART STATION

630 19TH STREET & 1917-1927 SAN PABLO AVENUE OAKLAND,

1 OFFERING MEMORANDUM For more information, please contact:

ANDREW REBENNACK 415.349.3392 [email protected] Re Lic: #02025935

CAMERON BAIRD 415.301.3175 [email protected] Re Lic: #01503816

JESSICA JOHNSON 415.828.6224 [email protected] Re Lic: #02084004

The information provided in this Offering Memorandum and information that may be provided with respect to the Property was obtained from a variety of sources. NEITHER SELLER NOR BROKERS HAS MADE ANY INDEPENDENT INVESTIGATION OR VERIFICATION OF THE INFORMATION PRESENTED OR TO BE PRESENTED WITH RESPECT TO THE PROPERTY. SELLER AND BROKERS MAKE NO REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY OR COMPLETENESS OF ANY INFORMATION THAT MAY BE PROVIDED REGARDING THE PROPERTY.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be presented in the form of a non-binding letter of intent. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and, except for the Confidentiality Agreement, shall constitute the sole agreement 2 of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them. 3 Executive Summary

We are pleased to offer qualified investors or developers an opportunity to PROPERTY HIGHLIGHTS purchase two well-located buildings in Uptown Oakland. The buildings are contiguous -- connected at the rear of the property lines -- and surrounded by • Located in the heart of Uptown with great visibility, neighborhood new developments and desirable amenities. amenities, and neighboring new mixed-use developments 630 19th St. is a standalone, 4,230 sq.ft. warehouse building with rear yard for • 19th Street BART is only three blocks away parking or storage and is situated on a 6,600 sq.ft. parcel. It features CBD-X • Currently zoned CBD-X zoning and a 275’ height limit. The building is not historic. Also, per the owner, the City of Oakland has expressed that they would allow the property to be • 12,600 sq.ft. of lot area plus the potential to develop into a portion of 19th developed beyond the property line and into the midline of the small stretch Street, which was constructed solely to serve 630 19th Street Buyer to verify of 19th St., which serves only this property. This gives even more opportunity • In-place income to offset holding and permitting costs to develop additional rentable building area. The property is occupied by an industrial user, which has only ±2.5 years of lease term remaining with no • Oakland is one of the fastest-growing cities in the Bay Area. options to extend. 1917-1927 San Pablo is a mixed-use building situated on a 6,000 sq.ft. parcel. It also features CBD-X zoning and a height limit of 55’. Per the owner, only the facade of the building is deemed historic and the rest of the building may be redeveloped. The residential component of the building features two 2-bed / 1-bath units and four 1-bed / 1-bath units, and the commercial component features three short-term tenants.

4 Telegraph

West Oakland

1917 San Pablo 19th Street Avenue 630 19th Street Uptown 12th Street 1917 San Pablo

90

Civic Center

Martin Luther King Jr.

Downtown Oakland Broadway Broadway Chinatown

5 0 Specifications 630 19th Street 1917-1927 San Pablo Avenue

Parcel Number 003 004100600 Parcel Number 003 004100400

Building Area Sq. Ft. 4,230 Building Area Sq. Ft. UNK

Lot Size Sq. Ft. 6,600** Lot Size Sq. Ft. 6,000

Zoning CBD-X Zoning CBD-X

Date constructed 1965 Date constructed 1878

Historic No Local Register - Area of Secondary Historic Importance (19th-San Pablo Commercial)** Height Limit 275' Height Limit 55' Floor Area Ratio 14.0 Floor Area Ratio 4.5

**Per owner, the City of Oakland has expressed that it may allow development into **Per owner, the City of Oakland has expressed that any new development must a portion of 19th Street Buyer to verify. retain the existing facade.

6 7 Parcel Map

Legend Parcels < 1:2500' Planning Area Names Fire Stations City Hall Police Sheriff Post Office Libraries Hospitals Schools BART Station BART Tracks Railroads Freeway_Single 25k to 100 Freeways 25k to 100

1

3 Streets 0 to 10k Ramps 25k to 100 Unnamed Streets Waterbodys LakePond Potential for Bonus Sq.ft. SwampMarsh Bay Rivers Parks Parks Planning Areas Cities Alameda

Albany

Berkeley 1: 2,256 County of Alameda Dublin Parcel Map Emeryville 376.0 0 188.00 376.0 Feet This map is a user generated static output from an Internet mapping site and Fremont is for reference only. Data layers that appear on this map may or may not be WGS_1984_Web_Mercator_Auxiliary_Sphere accurate, current, or otherwise reliable. Hayward County of Alameda © 2015 THIS MAP IS NOT TO BE USED FOR NAVIGATION Livermore

8 Multi-Family Landscape of Oakland Planned Project Hotel Under Planned Project Construction Multi-Family Landscape of Downtown OaklandUnder Construction Hotel Developments Transforming the Market Under Construction Developments Transforming the Market Under Construction N

Moxy Hotel 1150 Clay Street 1750 Broadway Marriott Residence Inn & 2015 2225 Telegraph Ave 2044 Franklin Street 1314 Franklin Street 1433 Webster Street Description: 288 units, 16 Description: 423-foot, 37-story AC Hotel 1911 Telegraph Avenue (Uptown Parcel 4) Description: 18-story tower with Description: 7 story, 173- Description: Mixed-use Description: 634 units in a Description: 168 units in a stories, and 4,850 sf retail tower with 307 units, 5,000 sf of 1431 Jefferson Street Description: 27-story tower with 281 residential units, with 60 112 units. Part of a co-living 2016 Telegraph Avenue room hotel residential with 184 2270 Broadway 40-story tower 15-story tower with 1,025 sf Developer: CIM Group & retail and a 6-story parking Description: 286-room hotel affordable units, and a 168-room hotel in two towers, 4,480 sf strategy called PMG X Social Description: 223 units and Developer: EJF Capital, residential units, 60,000 sf of 88 Grand Avenue Description: 24-story tower Developer: Carmel Partners retail Strada Investment Group garage with 210 spaces Developer: Hawkins Way of arts space, 340 parking spaces and 56,450 sf of retail Communities. ground floor retail. Tidewater Capital and Graves class A office and 5,000 sf of Description: 35-story, 275- with 223 units and 6,000 sf Status: Under Construction Developer: RAD Urban Status: Under Construction Developer: Rubicon Point Capital Developer: Oliver McMillan, Lane Partners, Commune Hotels Developer: Property Markets Developer: Holland Partner Hospitality retail. unit apartment building of retail. Architect: Solomon Cordwell Status: Approved Architect: Kennerly Partners Status: Under Construction & Resorts, and Oakland developer Alan Dones’ SUDA Group (PMG) Group Status: Under Construction Developer: RAD Urban Developer: Seagate Developer: Invesco & Hines Buenz Architect: RAD Urban Architecure & Planning Status: Application under review Architect: Stanton Status: Undergoing city review Status: Approved Status: Approved Architect: RSP Architects & Status: Approved Status: Pre-Application Status: Approved Due: 6/2020 Due: Spring 2020 Architect: Handel Architects Architecture Architect: Gensler Architect: Fitzgerald Architects Architect: SCB Architects Lowney Architecture Architect: RAD Urban Architect: KTGY Architect: Handel Architects Due: 7/2022 Due: 6/2021

Jack London Square Towers Description: Site D, 8 stories, 121 units, 2,470 sf retail, 64 parking spots. Site F2, 40 Harrison, between Harrison and Alice Streets, 8 stories, 326 units, 2,562 sf retail, 86 parking spots. Developer: CIM Group 2401 Broadway Status: Approved, F2 Under Description: 160-room hotel, 70 Construction apartments and 15,000 sf of Architect: Solomon Cordwell retail Buenz Developer: JV between West Elm Due: F2 1/2020, Cost: $133 million HOTELS, the Signature Development Group and Jordan Real Estate Investments D Status: Under Construction Architect: BAR Architects Due: 2/2021 Station on 12th - 301 12th Street Description: 333 units and 23,570 sf of retail in a 7-story building spanning 1 city block. 285 12th St will contain 60 units of affordable housing. Developer: The Martin Group & Brookfield Status: Under Construction Architect: BDE Architecture Due: 4/2021 Cost: $92.54 million

2305 Webster Street Description: 23-story tower with 130 units and 3,000 sf of retail, could break ground late 2017 Developer: Avi Nevo F2 Status: Approved Architect: TBD

1261 Harrison Street Description: Mixed-use, 36 325 7th Street stories at 460 ft, with 185 Description: 24 stories with units, 120,000 sf office, and 380 units and 9,000 sf of 12,000 sf retail. commercial space. Developer: Pinnacle RED Developer: Balco Properties Status: Application under Status: Approved review Architect: YHLA Architects Architect: Lowney

1721 Webster Street Modera Lake Merritt - 1900 Broadway VESPR - 277 27th Street Lake Merritt BART 250 14th Street 1431 Franklin Street Description: 247 units in a 1940 Webster Street Description: 36-story tower Description: Former Oakland Description: 1331 Harrison Street Description: The Lakeside, a 1510 Webster Street Description: 314 units in a 24-story tower Description: 8-story building with 451 residential units, 50k Acura site. 437 residential units in 293 units of market-rate rental in a 27-story bldg Description: 172 units in a 6-story, 79-unit mixed use Description: 158 condo units 29-story tower Developer: Holland Partner with 173 apartments and sf of commercial space and an 18-story tower with 65,000 sf 95 units of affordable senior rental in an 8-story bldg 27-story tower residential project in a 25-story tower Developers: Tidewater Group 2,000 sf of retail. 6,700 sf of ground-floor retail of commercial space. 98 units of affordable family rental in a 7-story bldg Developers: Kansai Developer: Bay Developers: Michael Liu and Capital Status: Under Construction Developer: Mill Creek Developer: Lincoln Property Developer: Holland Partner Group 25-story office building of 550,000 sf Development, Inc. Development Chuan Huang Status: Application under Architect: Solomon Cordwell Residential Status: Under Construction Status: Under Construction Developer: Strada Inv. Group and EBALDC Status: Application under Status: Under Construction Status: Application under review Buenz Status: Under Construction Architect: brick Architect: HKS Architects Status: Pre-Application review Architect: IBI Group review Architect: Due: 2/2020 Architect: WRNS Studio Due: Due: 5/2021 Architect: Pyatok Architects and SCB Architects Architect: Ghiai Architects Due: 10/2020 Architect: Heller Manus Cost: $80 million Due: 2/2022 Cost: Cost: $155 million

9 Completed Projects Completed Projects N

Kaiser Permanente Thrive Center

Alexan Webster 2330 Webster / 2315 Valdez Description: 234 units and 459 8th Street 1640 Broadway Eastline -2100 Telegraph Avenue 15,000 sf of retail, includes a Description: 50 units in a 5- Description: 254-unit, 33- Description: 1.6 million sf of parking garage with 242 story building with 4,000 sf story tower office. No Multi-Family units. public city stalls. of retail Developer: Lennar Developer: Lane Partners & Developer: Trammell Crow Developer: Signature Multifamily Communities SUDA Status: Completed Development Group Status: Completed Status: Application under review Architect: KTGY Status: Completed Architect: Solomon Cordwell Architect: Gensler Cost: $92.5 million Architect: YHLA Architects Buenz Cost: Cost: $137.4 million

2630 Broadway/325 27th Description: 7-story tower with 255 units and 37,000 sf of retail Developer: Hanover Company Status: Completed Architect: TCA Architects Cost: $60.8 million

Modera Description: Mixed-use development with 134 apartments and 5,475 sf of retail. Developer: Mill Creek Broadstone Residential 2820 & 2855 Broadway Status: Completed Description: 171 residential Architect: units and 10,000 sf of retail Cost: Developer: Alliance Residential Status: Completed Architect: BAR Architects Cost: $62.68 million

2400 Valdez Street Description: 7-story tower with 225 units and 22,800 sf of retail Developer: Hanover Company Status: Completed Architect: TCA Architects Cost: $49.6 million

A B

Fourth Street East Bldg A&B 150 & 155 4th Street 225 14th St - Revel Oakland 250 17th Street 301 19th Street Description: Mixed-use Description: 262-unit Description: 74 residential Description: 224 units in a 7- Alta Waverly - 2302 Valdez Street residential tower with units in a 6-story tower story building with 3,700 sf 196 market-rate transit-oriented project with 1700 Webster Street Description: ±14,298 sf of retail Simeon of retail apartments with up to 31,500 sf of 7 stories, 330 units, 3,000 sf Description: 206 apartments Developer: retail. Developer: Holland Partner in a 20-story tower Properties Developer: Lennar retail in a 6-story building Group Completed Multifamily Communities Wood Partners Developer: Carmel Partners Developer: Gerding Edlen Status: Developer: Under Construction Kotas Pantaleoni Completed Completed Status: Completed Status: Status: Completed Architect: Status: Status: PYATOK Architects LPAS PYATOK Architect: KTGY Architect: Architect: Perkins + Will Architect: Architect: $37.5 million 66 million Cost: $73.5 million Cost: Cost: $105.5 million Cost: Cost: Cost: $

10 Financial Overview | 630 19th Street

Address Tenant Monthly Rent Rent Type Comments

630 19th Charles Panko Builders, LTD $6,890 NNN ($1,000/Mo.) 2.5 Years Left; NNN Capped at $12,000/Yr.

Rear Parking Lot Open Hand $900 $0 LED: 12/31/2023

Gross Income $7,790

Comments

Taxes at 1.3688% TBD

PGE Paid by Tenant

Water Paid by Tenant

Insurance $2,300 /YR

Reimbursement $12,000 /YR

11 Financial Overview | 1917-1927 San Pablo Avenue

Address Tenant Monthly Rent Rent Type Term Comments

1917 - Commercial Slice Oak $2,700 NNN ($520/Mo,) 3 Years

1921- Commercial Open Hand $6,750 NNN 2 Years + 5 Yr Option

1923 - Commercial Glam Sity Salon $4,000 NNN 3 Years, No Option Lease started in July

Unit #100- 2,300 1b - 1ba VACANT $2,300 SEP. METERED VACANT

Unit #102- 2,300 2b - 1ba Occupied $2,300 SEP. METERED M-T-M

Unit #104- 2,000 1b - 1ba VACANT $2,000 SEP. METERED VACANT

UNIT # 106- 2,500 2B - 1BA (W/D IN UNIT) Occupied $2,500 SEP. METERED M-T-M

UNIT # 108- 2,000 1B - 1BA Occupied $2,000 SEP. METERED M-T-M

UNIT # 110- 2,000 1B - 1BA (W/D IN UNIT) Occupied $2,000 SEP. METERED M-T-M

Comments

Taxes at 1.3688% TBD

PGE (owner’s share - common area) $840/YR

Water (owner’s share - common area incl. common W/D) $1,080 /YR

Insurance $4,000 /YR

Reimbursement (50% of NNN) TBD

12 13 Demographics

Zoomed in OAKLAND 1 MILE DEMOGRAPHICS Demo report radius

47,329 23,341 $90,496 39.50 POPULATION HOUSEHOLDS AVG HH INCOME MEDIAN AGE 1 Mile Radius

OAKLAND 3 MILE DEMOGRAPHICS

250,982 112,111 $114,619 38.80 POPULATION HOUSEHOLDS AVG HH INCOME MEDIAN AGE

Population Density

8 K 10 K 15 K 20 K 25 K Source: CoStar

Population Density Copyrighted report licensed8 K to Avison15 YoungK - 3292410315 K 25 K 35 K 07/10/20

14 Copyrighted report licensed to Avison Young - 32924103 07/10/20 15 16 CAMERON BAIRD Senior Vice President 415.301.3175 [email protected] CA License #01503816

ANDREW J. REBENNACK Senior Associate 504.715.2919 [email protected] CA License #02025935

JESSICA JOHNSON Realtor 415.828.6224 [email protected] CA License #02084004

44 Montgomery Street Suite 3300 , CA 94104

www.avisonyoung.com 17