5426- 5440 TELEGRAPH AVE TEMESCAL NORTH OAKLAND OAKLAN D , CA PRIME DEVELOPMENT OPPORTUNITY

Offering Memorandum Presented By

STARBOARD TCN WORLDWIDE Investment Advisory Grou p 33 New Montgomery Street, Suite 1490 , CA 94105 5426- 5440 TELEGRAPH AVE DISCLAIMER OAKLAN D , CA

This Offering Memorandum has been prepared to provide summary, unverified information to prospective buyers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Starboard TCN Worldwide has not made any investigation, and makes no warranty or representation, with respect to income or expenses for the subject property, future projected financial performance of property, size and square footage of property and improvements, presence or absence of contaminating substances, PCB's or asbestos, compliance with State and Federal regulations, condition of improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Starboard TCN Worldwide has not verified, and will not verify, any of the information contained herein, nor has Starboard TCN Worldwide conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. All potential buyers must take appropriate measures to verify all of the information set forth herein.

FOR MORE INFORMATION PLEASE CONTACT: SUSAN JORDAN PRISCILLA WILDER Broker Associate Associate Agent Phone 415-595-1554 Phone 510-367-5355 Fax 415-520-5943 Fax 415-956-2003 [email protected] [email protected] CA BRE License: 01408046 CA BRE#01903660

Starboard TCN Worldwide 33 New Montgomery Street, 1490 San Francisco, CA 94105 5426- 5440 TELEGRAPH AVE TABLE OF CONTENTS OAKLAN D , CA

AREA MAP 1

OFFERING SUMMARY 2 Tip Top Bike Shop INVESTMENT HIGHLIGHTS 3

PROPERTY OVERVIEW 4

ASSESSOR’S MAP 5

FINANCIAL OVERVIEW 6-7

DOWNTOWN OAKLAND SOUTH AERIAL MAP 8

BERKELEY NORTH AERIAL MAP 9 TEMESCAL NEIGHBORHOOD 10

LOCAL TRANSPORTATION 11

Artisans & Merchant Center NEARBY MERCHANTS 12 TEMESCAL DEVELOPMENTS 13

SALES COMPARABLES & MARKET LISTINGS 14-15

DEMOGRAPHICS 16-21 PROPOSAL GUIDELINES & CONTACTS 22

Aunt Mary’s Café, 5426- 5440 TELEGRAPH AVE AREA MAP OAKLAN D , CA

SAUSALITO BELVEDERE

SAN FRANCISCO TIBURON

ANGEL ISLAND

80

YERBA BUENA ISLAND TREASURE ISLAND

80 880

OAKLAND 80 580

WEST OAKLAND EMERYVILLE ALAMEDA 880 980 BERKELEY 580 DOWNTOWN BERKELEY SUBJECT PROPERTY Shattuck Ave TEMESCAL

ROCKRIDGE 880 UC BERKELEY College Ave

24 580

PIEDMONT

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 1 5426- 5440 TELEGRAPH AVE OFFERING SUMMARY OAKLAN D , CA

Starboard TCN Worldwide as exclusive Agent, is pleased to offer for sale 5426-5440 . The property is comprised of three adjacent parcels for a total of 18,500 square feet (SF) located along Telegraph Avenue in North Oakland’s hip and vibrant Temescal Neighborhood and bordering nearby Rockridge Neighborhoods.

The property offers an exceptional opportunity for developers, owner/users or investors. The zoning is CC-2 (Commercial Community) and allows for a wide variety of commercial opportunities to serve local neighborhood needs, as well as other nearby communities.

Existing property improvements include a large parking lot, Farmer’s Market running through all three parcels; a two story four unit residential apartment building; and a commercial/restaurant building occupied by the owner’s business, Casper’s Hot Dogs.

Public Library

Bake Sale Betty’s

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 2 5426- 5440 TELEGRAPH AVE INVESTMENT HIGHLIGHTS OAKLAN D , CA

Convenient Location: Located on the corner of Demand for Market Rate Housing: Prospering Telegraph Avenue and 55th Street, in vibrant Temescal is in need of more housing. Rental rates Temescal and 2 miles from UC Berkeley and are increasing dramatically. Several new Downtown Oakland. development projects are already entitled and in the pipeline. These developments will continue to encourage future growth for the neighborhood.

Prime Redevelopment Site: Mixed-use developments with residential and office uses above retail businesses, are encouraged by Oakland Planning Department. Height limit, 60 feet (5 stories), street frontage 168 feet along Telegraph Ave and 110 feet along 55th St.

Temescal Alley

Nearby Amenities: Temescal is known for its diverse community, art galleries and phenomenal culinary scene. The site is walking distance to many shops, art galleries and numerous restaurants along Telegraph Avenue and nearby Rockridge.

55th St & Telegraph Ave Excellent Transportation: Easy access to Highway 24. Excellent public transportation along Telegraph Avenue and via AC Transit lines 1, 1R, 18, 12, 800 AC Transit (Night). Walking distance to Rockridge and Macarthur BART stations.

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 3 5426- 5440 TELEGRAPH AVE PROPERTY OVERVIEW OAKLAN D , CA

Location 5426 – 5440 Telegraph Ave

Assessor Parcel Numbers/ 14-1225-24 (7,500 SF) Lot Area Square Feet (SF) 14-1225-25 (4,400 SF) 14-1225-01 (6,600 SF)

Total Lot Area +/- 18,500 SF

Zoning CC2 – Community Commercial

Height Limit 60 Ft (permitted) 5440 Stories 5 (permitted) 14-1225-01 Frontage 160 Feet along Telegraph Ave 110 along 55th St 5432 Building - Commercial Restaurant 5440 Telegraph Ave 14-1225-25 SF 1,235 Unit(s) 1 Stories 1 5426 Built 1965 14-1225-24 Building - Residential Quadruplex 5426 Telegraph Ave SF 3,352 Unit(s) 4 Stories 2 Built 1952

Price Best offer

Call for offers To be announced.

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 4 5426- 5440 TELEGRAPH AVE ASSESSOR’S MAP OAKLAN D , CA

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 5 5426- 5440 TELEGRAPH AVE DOWNTOWN OAKLAND SOUTH OAKLAN D , CA

Downtown Oakland

5526 – 5540 Telegraph

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 6 5426- 5440 TELEGRAPH AVE BERKELEY NORTH OAKLAN D , CA

Downtown Berkeley UC Berkeley

5526–5540 Telegraph

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 7 5426- 5440 TELEGRAPH AVE TEMESCAL NEIGHBORHOOD OAKLAN D , CA

Temescal is Oakland’s hottest neighborhood. It has come a long way from its days of being one of the world’s largest canneries. Today it is home to over 200 businesses as well as a wide range of residents; college students, seniors, artists and working professionals.

Locals have long enjoyed the great weather, vast culinary scene including many cafes, bakeries and restaurants featuring eclectic cuisine from Spain, Japan, Ethiopia, Korea, Burma, Italy and Mexico, to name a few. There is a strong sense of community here reflected in the very popular weekly Sunday Farmer’s Market, weekly summertime Temescal Street Cinema and annual Temescal Street Fair.

Local Merchants

Farmer’s Market

TemescalTemescal Alley Alley Loft Housing

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 8 5426- 5440 TELEGRAPH AVE LOCAL TRANSPORTATION OAKLAN D , CA

Temescal is a bike-friendly neighborhood, has a walk score of 90 and two BART () 51st St Highway Access stations, MacArthur and Rockridge, within walking distance. The new AC Transit Rapid Bus Line takes residents to UC Berkeley and Downtown Oakland in less than 10 minutes. Easy access to highways 24, 980, 580 and BART’s new service to Oakland International Airport provides fast convenient travel amenities. Ease of transportation is crucial as many residents living in the Bike Friendly neighborhood commute to other cities throughout the Bay Area.

Walk Score 90

MacArthur BART Station AC Transit Rapid Bus Lines

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 9 5426- 5440 TELEGRAPH AVE NEARBY MERCHANTS OAKLAN D , CA

5426-5440 Telegraph

TEMESCAL

EMERYVILLE

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 10 5426- 5440 TELEGRAPH AVE TEMESCAL DEVELOPMENTS OAKLAN D , CA

As the burgeoning tech industry continues to expand in the Bay Area, demand for market rate housing in desired neighborhoods, such as Temescal, will continue to rise, thus translating into higher housing costs. Oakland rents have increased 12.1 percent over the last year, second only to Denver.

Major employers expanding and contributing to the local economy’s growth include, Uber, , Alta Bates Summit Medical Center, UCSF Benioff Children’s Hospital, Southwest Airlines, FedEx, Wells Fargo, AT&T, , College of the Arts, Pandora, UC Berkeley, Lawrence Berkeley National Lab, Pixar, Leap Frog, Novartis, Peet’s Coffee, Cliff Bar, to name a few.

Several mixed-use housing developments in Temescal are currently in the works. Together they comprise 391 residential units and 22,000 square feet of retail/commercial space.

SRM Development LLC plans to build a multi-family complex on the border of Temescal and Rockridge neighborhoods. Temescal Apartments, a 130-unit proposed project, will come with 8,000 square feet of retail space, including a rooftop courtyard, theater room, fitness facility, a bike repair and maintenance shop.

Nautilus Group plans to move forward on a proposed project at 5100 Telegraph Avenue that is entitled for 169 units. Other projects include 4700 Telegraph Avenue entitled for 48 units and 4801 Shattuck Avenue entitled for 44 units.

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 11 5426- 5440 TELEGRAPH AVE PROPOSAL GUIDELINES OAKLAN D , CA

All proposals must be based on “AS IS AND WITH NO FAULTS” and “WHERE IS” condition. The Seller will only consider proposals submitted by invitation from the Seller or its exclusive agent, Starboard Commercial Brokerage, Inc. The Seller reserves the right to reject any or all proposals, or withdraw this offering at any time without notice. Seller reserves the right to choose and negotiate exclusively with any party at any time. The Seller also reserves the right to agree to any terms and conditions at Seller’s sole discretion.

Call for offers deadline will be announced.

All proposals shall be submitted with escrow to be opened with Fidelity National Title Company 50 California Street, #3550 San Francisco, CA 94111 Attn: Rita Lin, Vice President, Branch Manager Ph. 415-837-2312 E-Mail: [email protected]

Due diligence materials will be made available as we receive them. All inquiries and requests are to be directed and submitted to Susan Jordan or Priscilla Wilder of Starboard Commercial Brokerage, Inc., exclusive agents of the seller.

SUSAN JORDAN PRISCILLA WILDER Broker Associate Associate Agent Phone 415-595-1554 Phone 510-367-5355 Fax 415-520-5943 Fax 415-956-2003 [email protected] [email protected] CA BRE License: 01408046 CA BRE#01903660

Starboard TCN Worldwide 33 New Montgomery Street, 1490 San Francisco, CA 94105

The information has been secured by Starboard TCN Worldwide from sources believed to be reliable. It is not guaranteed, howev er, and should be verified prior to consummating any transaction. 12