716-722 SACRAMENTO 716-722 SACRAMENTO SAN FRANCISCO, CA 94108
Kevin D. Chin, CCIM Managing Director 415.922.2900 x101 [email protected] CalDRE #00696127
SVN | PACIFIC COMMERCIAL ADVISORS | 1674 POST STREET, SUITE 1, SAN FRANCISCO, CA 94115 OFFERING MEMORANDUM PROPERTY INFORMATION 1 Property Summary Property Description Complete Highlights
LOCATION INFORMATION 2 Location Maps Aerial Map Site Plan
FINANCIAL ANALYSIS 3 Financial Summary Income & Expenses Rent Roll
SALE COMPARABLES 4 Sale Comps Sale Comps Summary Sale Comps Map
RENT COMPARABLES 5 Rent Comps Rent Comps Summary Rent Comps Map
DEMOGRAPHICS 6 Demographics Report Demographics Map Disclaimer
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 OFFERING MEMORANDUM 1 PROPERTY INFORMATION 716-722 Sacramento San Francisco, CA 94108
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 3 Property Summary
SALE PRICE $10,055,000 PROPERTY OVERVIEW OFFERING SUMMARY Fully leased and well-maintained building near San Francisco's Cap Rate: 4.25% Chinatown and the Downtown Financial District. Excellent and stable income from long term tenants with the largest tenant being NOI: $427,192 the City and County of San Francisco which leases the space to Lot Size: 4,740 SF operate the Chinatown Child Development Center. They have Year Built: 1915 occupied the space since 1996. This highly visible property has Building Size: 14,618 SF retail frontages on both Sacramento and Commercial Street. Building has been fully renovated and upgraded to meet the Renovated: 1998 earthquake seismic requirements in 1998. Zoning: CCB
Market: Financial District PROPERTY HIGHLIGHTS • Desirable Chinatown/Financial District Location Submarket: San Francisco Chinatown • Well-maintained building and fully leased
Price / SF: $687.85 • Long Term Stable Tenants • Earthquake seismic upgrade completed
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Property Description
PROPERTY OVERVIEW Fully leased and well-maintained building near San Francisco's Chinatown and the Downtown Financial District. Excellent and stable income from long term tenant the City and County of San Francisco which leases the space to operate the Chinatown Child Development Center. They have occupied the space since 1996. This highly visible property has retail frontages on both Sacramento and Commercial Street. Building has been fully renovated and upgraded to meet the earthquake seismic requirements in 1998.
LOCATION OVERVIEW Financial District - San Francisco Chinatown
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 5 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Complete Highlights
SALE HIGHLIGHTS • Desirable Chinatown/Financial District Location
• Well-maintained building and fully leased
• All leases have annual rent increases
• Long Term Stable Tenants
• Earthquake seismic upgrade completed
• Passenger Elevator
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 6 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. 2 LOCATION INFORMATION 716-722 Sacramento San Francisco, CA 94108
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 7 Location Maps
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 8 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Aerial Map
716-722 Sacramento
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 9 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Site Plan
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 10 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. 3 FINANCIAL ANALYSIS 716-722 Sacramento San Francisco, CA 94108
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 11 Financial Summary
INVESTMENT OVERVIEW PROJECTED 2019
Price $10,055,000
Price per SF $687.85
CAP Rate 4.25 %
Cash-on-Cash Return (yr 1) 4.25 %
Total Return (yr 1) $427,192
Debt Coverage Ratio -
OPERATING DATA PROJECTED 2019
Gross Scheduled Income $634,533
Other Income -
Total Scheduled Income $634,533
Vacancy Cost $12,690
Gross Income $621,842
Operating Expenses $194,649
Net Operating Income $427,192
Pre-Tax Cash Flow $427,192
FINANCING DATA PROJECTED 2019
Down Payment $10,055,000
Loan Amount -
Debt Service -
Debt Service Monthly -
Principal Reduction (yr 1) -
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 12 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Income & Expenses
INCOME SUMMARY PROJECTED 2019
SCHEDULED RENT $582,474 REIMBURSEMENT INCOME $52,059 Gross Income $634,533
EXPENSE SUMMARY PROJECTED 2019
Janitorial Services $20,000 Electric Common Area $450 Water & Sewer $4,820 Trash, Recycle, Compost $5,015 H.V.A.C. $1,900 Fire Alarm Monitoring $500 Building Repairs & Maintenance $2,000 Elevators $2,475 Real Estate Taxes $122,696 Insurance $11,500 Property Management @ 4% $23,293 Gross Expenses $194,649
Net Operating Income $427,192
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 13 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Rent Roll
UNIT PRICE TENANT UNIT SIZE LEASE LEASE LEASE ANNUAL % OF PER NAME NUMBER (SF) START END START RENT BUILDING SF/YR COMMENTS
Luca N. Antonucci 716 Sacramento 100 11/1/2017 10/31/2020 Current $6,780 0.68 $67.80
Gears and Grapes 719 Commercial 1,806 4/1/2015 3/31/2025 Current $13,800 12.35 $7.64 Extension Gateway pending
City of San 720 Sacramento 9,250 7/1/2013 6/30/2023 Current $471,756 63.28 $51.00 Francisco
Double K Express 721 Commercial 921 1/1/2016 12/31/2025 Current $19,980 6.3 $21.69 Extension pending
Spoon Tailor 722 Sacramento 1,620 5/1/2015 4/30/2025 Current $39,747 11.08 $24.54 Extension pending
Lanfong Wong 725 Commercial 921 1/1/2014 12/31/2022 Current $23,721 6.3 $25.76
Totals/Averages 14,618 $575,784 $39.39 $0
All leases have annual rent increases.
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 14 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. 4 SALE COMPARABLES 716-722 Sacramento San Francisco, CA 94108
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 15 Sale Comps
Subject Pr$10oper,055,000ty
716-722 Sacramento, San Francisco, CA 94108 Sale Price: $10,055,000 Lot Size: 4,740 SF Year Built: 1915 Building SF: 14,618 SF Price PSF: $687.85 CAP: 4.25% NOI: $427,192
Fully leased and well-maintained building near San Francisco's Chinatown and the Downtown Financial District. Excellent and stable income from long term tenant the City and County of San Francisco which leases the space to operate the Chinatown Child Development Center. They have occupied the space since 1996. This highly visible property has retail frontages on both Sacramento and Commercial Street. Building has been fully renovated and upgraded to meet the earthquake seismic requirements in 1998.
1 650-654 Sacramento St. 650-654 Sacramento Street, San Francisco, CA 94111 | San Francisco , CA 94111 Sale Price: $5,150,000 Lot Size: 0.172 Acres Year Built: 1908 Building SF: 7,500 SF Price PSF: $686.67 CAP: 3.00% Closed: 02/09/2017 Occupancy: 100% NOI: $154,500
The property was 100% occupied but rents are below market and are month to month. The buyer/lawyer represented himself on the transaction and plans to renovate the property.
2 576 Sacramento Street 576 Sacramento Street | San Francisco, CA 94111
Sale Price: $9,500,000 Lot Size: 0.275 Acres Year Built: 1907 Building SF: 12,000 SF Price PSF: $791.67 CAP: 4.00% Occupancy: 100%
Iconic San Francisco Building with roof deck. 100% leased to high quality office tenants with staggered lease expiration dates. All rents are below market. Very high ceilings, lots of natural light, operable windows. Each floor has wno bathroom and kitchenette. Open floor plans.
3 559-561 Clay Street 559-561 Clay Street | San Francisco, CA 94111
Sale Price: $9,950,000 Lot Size: 3,485 SF Year Built: 1907 Building SF: 17,520 SF Price PSF: $567.92 Closed: 03/27/2018 Occupancy: 0%
On Market Approximately: 6 months (180 days) Escrow Period: 3 months (90 days) Vacant (owner user) Conditions: The property is in an Earthquake zone. The closing price was negotiated $500,000 lower in order to modify the foundation/retrofit. Seller Motivation: Changing events (no other details were disclosed) Buyers Motivation: Location-Owner/user
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 16 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Sale Comps
4 353-359 Kearny Street 353-359 Kearny Street | San Francisco, CA 94108
Sale Price: $6,800,000 Lot Size: 2,178 SF Year Built: 1907 Building SF: 9,729 SF Price PSF: $698.94 Closed: 02/28/2018
Brick & Timber Collective purchased this office building for $6.8 million. The buyer has pre-leased the property to Canopy Space, a co-working company. Brick & Timber plans to spend between $2 to $3 million on tenant improvements on the property which will address several deferred maintenance issues that include the roof, and repairs to the elevator. We were told by the new owner that the price does not reflect approximately 3,700 square feet of basement space that is currently used for storage
5 675-677 Jackson Street 675-677 Jackson Street | San Francisco, CA 94133
Sale Price: $2,500,000 Lot Size: 1,908 SF Year Built: 1905 Building SF: 7,599 SF Price PSF: $328.99 CAP: 1.26% NOI: $31,500
Mixed-use retail, office, and potential value add building on a high foot traffictr s eet, near Jackson Square, FiDi, Nob Hill, North Beach and in Chinatown. Building includes three floors and a basement.
6 432-436 Jackson Street 432-436 Jackson Street | San Francisco, CA 94111
Sale Price: $8,102,000 Lot Size: 2,614 SF Year Built: 1855 Building SF: 8,190 SF Price PSF: $989.26 Closed: 01/04/2019 Occupancy: 0%
The property was on the market for approximately 100 days with an initial asking price of $10,995,000. The transaction was in escrow for approximately 65 days. This was an owner / user sale.
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 17 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Sale Comps Summary
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS
716-722 Sacramento 716-722 Sacramento $10,055,000 14,618 SF $687.85 4.25% 6 San Francisco, CA 94108
SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE
1 650-654 Sacramento St. 650-654 Sacramento Street, San $5,150,000 7500 SF $686.67 3.0% - 02/09/2017 Francisco, CA 94111 San Francisco , CA 94111
2 576 Sacramento Street 576 Sacramento Street $9,500,000 12000 SF $791.67 4.0% - On Market San Francisco, CA 94111
3 559-561 Clay Street 559-561 Clay Street $9,950,000 17520 SF $567.92 - - 03/27/2018 San Francisco, CA 94111
4 353-359 Kearny Street 353-359 Kearny Street $6,800,000 9729 SF $698.94 - - 02/28/2018 San Francisco, CA 94108
5 675-677 Jackson Street 675-677 Jackson Street $2,500,000 7599 SF $328.99 1.26% - On Market San Francisco, CA 94133
6 432-436 Jackson Street 432-436 Jackson Street $8,102,000 8190 SF $989.26 - - 01/04/2019 San Francisco, CA 94111
PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE Totals/Averages $7,000,333 10,423 SF $671.62 2.75% -
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 18 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Sale Comps Map
SUBJECT PROPERTY 716-722 Sacramento, San Francisco, CA 94108
1 650-654 SACRAMENTO ST. 2 576 SACRAMENTO STREET 650-654 Sacramento Street, San Francisco, CA 94111 576 Sacramento Street San Francisco , CA 94111 San Francisco, CA 94111
3 559-561 CLAY STREET 4 353-359 KEARNY STREET 559-561 Clay Street 353-359 Kearny Street San Francisco, CA 94111 San Francisco, CA 94108
5 675-677 JACKSON STREET 6 432-436 JACKSON STREET 675-677 Jackson Street 432-436 Jackson Street San Francisco, CA 94133 San Francisco, CA 94111
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 19 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. 5 RENT COMPARABLES 716-722 Sacramento San Francisco, CA 94108
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 20 Rent Comps
Subject Property
716-722 Sacramento, San Francisco, CA 94108 Lease Rate: N/A Space Size: 0 SF Bldg Size: 14,618 SF Year Built: 1915 Lot Size: 4,740 SF No. Units: 6
Fully leased and well-maintained building near San Francisco's Chinatown and the Downtown Financial District. Excellent and stable income from long term tenant the City and County of San Francisco which leases the space to operate the Chinatown Child Development Center. They have occupied the space since 1996. This highly visible property has retail frontages on both Sacramento and Commercial Street. Building has been fully renovated and upgraded to meet the earthquake seismic requirements in 1998.
1 45 Belden Place 45 Belden Place | San Francisco, CA 94104
Lease Rate: $70.00 / SF / year Lease Type: Full Service Space Size: 4,627 SF Year Built: 1908 Bldg Size: 17,375 SF Lot Size: 4,356 SF Lease Term: 60 months
Fully renovated building including elevator, seismic retrofit, ADA rest rooms, partially air-conditioned, large operable windows.
2 815 Washington 815 Washington Street | San Francisco, CA 94108
Lease Rate: $75.00 / SF / year Lease Type: Modified Gross Space Size: 1,110 SF Year Built: 1907 Bldg Size: 1,110 SF Lot Size: 1,307 SF
Ground floor er tail space rent includes approx. 800 sq ft fo basement storage.
3 576 Sacramento Street 576 Sacramento Street | San Francisco, CA 94111
Lease Rate: $63.00 / SF / year Lease Type: Modified Gross Space Size: 3,000 SF Year Built: 1907 Bldg Size: 12,000 SF Lot Size: 1,742 SF Lease Term: 36 months Occupancy: 100%
Prime financial district location with premier restaurants and amenities nearby. Close to public transportation. This building has operable windows and excellent natural light.
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 21 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Rent Comps
4 833 Kearny Street 833 Kearny Street | San Francisco, CA 94108
Lease Rate: $60.00 / SF / year Lease Type: NNN Space Size: 2,200 SF Year Built: 1913 Bldg Size: 12,380 SF Lot Size: 5,227 SF
Previously bank, and retail location now. A pprox. 2,200 sq.ft. - per wnero . Mezz level for private office. Kitchenette NNN (approx. $1500/month)
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 22 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Rent Comps Summary
SUBJECT PROPERTY PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %
716-722 Sacramento 716-722 Sacramento N/A 0 SF 14,618 SF 6 100.0% San Francisco, CA 94108
RENT COMPS PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % 1 45 Belden Place 45 Belden Place $70.00 4,627 SF 17,375 SF - - San Francisco, CA 94104
2 815 Washington 815 Washington Street $75.00 1,110 SF 1,110 SF - - San Francisco, CA 94108
3 576 Sacramento Street 576 Sacramento Street $63.00 3,000 SF 12,000 SF - 100% San Francisco, CA 94111
4 833 Kearny Street 833 Kearny Street $60.00 2,200 SF 12,380 SF - - San Francisco, CA 94108
PRICE/SF/YR AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % Totals/Averages $67.00 2,734 SF 10,716 SF 0 100%
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 23 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Rent Comps Map
SUBJECT PROPERTY 716-722 Sacramento, San Francisco, CA 94108
1 45 BELDEN PLACE 2 815 WASHINGTON 45 Belden Place 815 Washington Street San Francisco, CA 94104 San Francisco, CA 94108
3 576 SACRAMENTO STREET 4 833 KEARNY STREET 576 Sacramento Street 833 Kearny Street San Francisco, CA 94111 San Francisco, CA 94108
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 24 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. 6 DEMOGRAPHICS 716-722 Sacramento San Francisco, CA 94108
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 25 Demographics Report
1 MILE 3 MILES 5 MILES
Total population 100,155 364,947 634,772
Median age 43.4 38.8 38.4
Median age (male) 42.8 38.9 38.0
Median age (female) 43.6 38.4 38.6
1 MILE 3 MILES 5 MILES
Total households 56,229 191,532 300,062
Total persons per HH 1.8 1.9 2.1
Average HH income $72,602 $98,004 $104,384
Average house value $834,774 $877,437 $865,737
* Demographic data derived from 2010 US Census
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 26 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Demographics Map
POPULATION 1 MILE 3 MILES 5 MILES
Total population 100,155 364,947 634,772
Median age 43.4 38.8 38.4
Median age (Male) 42.8 38.9 38.0
Median age (Female) 43.6 38.4 38.6
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 56,229 191,532 300,062
# of persons per HH 1.8 1.9 2.1
Average HH income $72,602 $98,004 $104,384
Average house value $834,774 $877,437 $865,737
* Demographic data derived from 2010 US Census
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 27 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Disclaimer
The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.
This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.
716-722 SACRAMENTO | 716-722 SACRAMENTO, SAN FRANCISCO, CA 94108 SVN | Pacific ommerC cial Advisors | Page 28 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.