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5.89 - Acre Development Site, Fairfield, CA Solano To w n Center

Downtown Travis Air Fairfield Force Base

North Highway 12

5.89 - Acre Development Property in Fairfield, CA 2

Marcus & MIllichap Activity ID XXXXXXXX Contents:Exclusively listed by: Investment Highlights 3 Regional Location Context 14 Investment DescriptionRichard C. Reisman 4 - 10 Offsite Utilities 15 Parcel Map Senior 11Associate Land Sales 16 Summary of Parcels National Land 12 Group Environmental Map 17 Pricing Summary (650) 391-1805 13 [email protected] CA BRE #01916861 Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap Thomasand should not E.be made Doglio available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been Vice prepared President to provide Investments summary, unverified information to perspective purchasers, and to establish only a preliminary of interestDirector in the National subject property. Multi-Family The information Housing contained Group herein is not a substitute for a thorough due diligence investigation. Marcus & MIllichap 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(650) footage 391-1759 of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the [email protected] with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business pro- spects 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 toCA be reliable; BRE #however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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. Marcus & Millichap is a trademark of Marcus & MIllichap Real Estate Investment Services, Inc. Copyright 2016 Marcus & MIllichap. All rights reserved.

5.89 - Acre Development Property in Fairfield, CA Investment Highlights 3

* 5.89 Acres Zoned for Multi-Family Housing

* Strategically Located Between State Government in Sacramento and the Two Leading Employment Centers in the - and

* Central Location Between Government Seat in Downtown Fairfield and Travis Air Force Base, the two most important hubs in Solano County.

* Travis Air Force Base is home to the largest Air Mobility Wing and Air Force Reserve Associate Wing in the United States. Its annual economic impact is $1.69 billion.

* 4.4 Mile Drive to Fairfield/Vacaville Train Station with Connection to BART and Area.

* Proximate to World-Renowned Napa Valley

5.89 - Acre Development Property in Fairfield, CA Investment Description 4

5.89 Acres ZONED FOR ATTACHED OR SINGLE-LOT Subject MULTI -FAMILY DEVELOPMENT Property East Tabor Ave. The property is zoned for PUD multi-family housing development and is located within the long-established Grange Middle residential neighborhoods of Fairfield. It is centered within School several significant commercial and industrial districts in the City. The Fairfield Vacaville train station and several surrounding new developments are to the northeast. To the East is Travis Air Force Base, the largest and most significant employer in Solano County.

To the southwest are downtown Fairfield and the Sunset Ave. Solano County Government center. A quarter mile east and across the street to the north is the 6-acre Tabor Park. The City of Fairfield welcomes market-rate housing, a mix of market-rate and affordable or an all project. Inclusion of below market rate units will earn potential credits and/or bonus.

North

5.89 - Acre Development Property in Fairfield, CA Investment Description 5

DEVELOPMENT NOTES 5.89 Acres As noted on page 12, the existing property zoning allows town home or Subject single-family (SFR) small lot development. Recently, Fairfield has seen more small Property East Tabor Ave. lot SFR development than attached for-sale product, due to higher sales prices per square foot. However, several housing products are allowed. Grange In the late 1980’s, a portion of the property was sold to the Sacramento & Middle San Joaquin Drainage District for the establishment of upgraded drainage capacity School to serve the area. Among its many benefits, this improvement served to replace drainage previously provided by Laurel Creek that ran across the subject property. Excavated soil from the new channel was beneficially placed on the subject property and is available for fill of the old creek. The City response to an application for multi-family development (that was subsequently withdrawn) acknowledged:

Sunset Ave. “the relocated Laurel Creek is located immediately to the east of the project site, with the remnant section of creek still existing on the project site. The project site appears to be outside of the Federal Emergency Management Agency (FEMA) designated Special Flood Hazard Area (SFHA),** however it is located within the 500-year (0.2% floodplain. The existing remnant creek will need to be filled as part of the project. Any and all regulatory permits for the placement of fill will be the sole responsibility of the developer.” **See page 17 for the Flood Area Map Any earlier grading permits with overseeing agencies are expired. Buyer may contact Department of Fish & Wildlife (DOFW) who will oversee the fill operation. DOFW local office is at 2825 Cordelia Road, Fairfield, CA 94534, (707) 428-2002. North

5.89 - Acre Development Property in Fairfield, CA Investment Description 6

* Solano County has a thriving and growing biotech cluster, a dynamic manufacturing base, an expanding wine and food focus, major company headquarters, regional offices and expanding retail.

* Solano County offers lots of room for development or expansion and is home to a skilled and talented labor pool. In addition to its business friendly policies, housing affordability is superior to that of its immediately neighboring .

Left: Facility in Vacaville, ; Right: Students in Biotech program at Solano 5.89 - Acre Development Property in Fairfield, CA Investment Description 7

Solano County provides highly advantageous housing prices compared to ’s most expensive housing markets, now in a widely acknowledged affordability crisis. During the last 25 years, Placer County blossomed as an alternative residential location to the immediate Bay Area. It is more convenient to , yet Solano County is more convenient to the immediate and Silicon Valley. The chart below, from the (June 28, 2019), shows Solano County is among the Bay Area’s 9 counties with lesser supply and rising prices.

Above: new housing in Fairfield; See page for context of Fairfield location within northern California & the San Francisco Bay Area.

5.89 - Acre Development Property in Fairfield, CA Investment Description 8

The property is beneficially situated along the Highway 80 corridor between San Francisco and Sacramento. Point of Interest Miles Roseville Truckee/Tahoe: 138 Placer San Rafael: 45 Sacramento County California State Capital: 42 State UC Davis Dixon: 21 Sonoma Capital Valley Vacaville Dixon University of CA Davis: 28 Napa Valley Retail 1 Roseville: 61 : 44 Petaluma San Francisco: 50 Subject Property Vacaville Retail Region: 12 Vallejo Interstate Highway 80 Tracy: 75 San Rafael San Francisco Airport: 61

Petaluma: 44 UC Berkeley University of CA Berkeley: 40 San Port of Francisco Oakland North Tracy

5.89 - Acre Development Property in Fairfield, CA Investment Description 9

The Fairfield–Vacaville station in Fairfield, Solano County, California, provides rail access for the communities of Fairfield and Vacaville. The station is served by 's rail line as well as buses. The station began service on November 13, 2017.

5.89 - Acre Development Property in Fairfield, CA Investment Description 10

The Solano County government center is just over 50 miles from the Bridge, or about the same distance as from San Francisco to San Jose. Solano County, centered between San Francisco and Sacramento, along with the cities Fairfield, Suisun City, and Vacaville, are all pro-active. The property is in the jurisdiction of The City of Fairfield.

Above: Fairfield City Hall At Left: Solano County Government Center 5.89 - Acre Development Property in Fairfield, CA County MapParcel of Parcels Map 11

The property has excellent street frontage on the north and west sides.

The property to the east (shown in North blue) was acquired by the Sacramento and San Joaquin Drainage District in 1987, relocating the function of the former creek on the subject property which can now be filled to maximize the site for development.

With two sides facing streets, the property has excellent frontage. And Subject Property on the adjacent parcel to the east, The property, outlined in red, consists nothing will be built, so views from residential units are optimized. The of two parcels totaling 5.89 acres. site is zoned for multi-family and will accommodate 38 to 45 small single- family lots or up to 75 attached town home (or other) units.

5.89 - Acre Development Property in Fairfield, CA Summary of Parcels 12

Above: View south of property from East Tabor Below: View on property looking north

256,568 Acres: 5.89

5.89 - Acre Development Property in Fairfield, CA Pricing Summary 13

Type of Ownership: Fee Simple

Price: $2,400,000 Land Area: 256,558 Sq. Ft. 5.89 Acres $407,470 Per Acre

For 44 SFR lots: $54,545 Per Lot For 75 Units: $32,000 Per Unit

5.89 - Acre Development Property in Fairfield, CA Regional Location Context 14

Expanded Aerial View Looking Southeast

Travis Air North Force Base Walmart

Highway 12

Air Base Established Residential Neighborhoods (shaded yellow)

Fairfield/ 5.89 Acres Vacaville Subject Station Railroad Line Property

5.89 - Acre Development Property in Fairfield, CA Offsite Utilities 159

* The unimproved property has ready access to existing utilities, as noted below. The frontage along East Tabor Avenue and Sunset Avenue have in-place sidewalks and curbs.

Utility or Service Provider In-Place

Electric & Natural Gas Pacific Gas & Electric Existing service across both streets,

Verify under both streets, PG&E (877) 743-7782

Domestic Water City of Fairfield Municipal Utility East Tabor Avenue, Sunset Avenue

Storm City of Fairfield Municipal Utility Sunset Avenue

Sanitary Sewer - 12” Line Fairfield-Suisun Sewer District East Tabor Avenue

Sanitary Sewer - 8” Line City of Fairfield Municipal Utility Sunset Avenue

Cable/ Comcast

Telephone AT&T, Comcast

5.89 - Acre Development Property in Fairfield, CA Land Sales 16

A B C D

A D

5.89 Acres C Subject B Property

Recently completed homes at Green Valley North

5.89 - Acre Development Property in Fairfield, CA Environmental Map 17

The property is within an area designated .2% annual chance of flood hazards, a lesser risk due to proximity of adjacent drainage facility. This small risk may be mitigated with civil engineering strategies to keep interior floor areas higher than streets, etc.

North

5.89 - Acre Development Property in Fairfield, CA Exclusively listed by: Richard C. Reisman 5.89 Acres of Land in First Vice President Investments Director National Land Group (650) 391-1805 Fairfield, California Zoned [email protected] CA BRE #01916861 For Multi-Family Housing

Non-endorsement Notice Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

5.89 - Acre Development Property in Fairfield, CA