XX ENCINA AVENUE PARKING LOT Town & Country Village | Palo Alto, CONTACT

taylorproperties.com 01 INVESTMENT SUMMARY The Offering Investment Highlights

TABLE OF 02 CONTENTS PROPERTY DESCRIPTION Property Description & Aerial

03 MARKET OVERVIEW Area Overview & Demographics

taylorproperties.com 01 INVESTMENT SUMMARY

The Offering

Offering two infill parcels adjacent to Town & Country Village Shopping Center in Palo Alto. Parcels are currently leased for parking as by Town & Country Village and was developed as a parking lot by the operator. Property Overview Seeking Letters of Intent to purchase on or before March 26th, 2021. Annual Rent $103,950.00 NNN Unique opportunity to develop a key piece of land in an outstanding Lease expires 11/30/2021 (11th renewal) location. Located midway down on the south side of Encina Avenue which runs between El Camino Real and ends at the Cal Train tracks, Square Feet 12,000 this property is across the street from Palo Alto Medical Foundations main campus in Palo Alto. It is a short 5 minute walk to the Cal Train Zoning CC station at University Avenue and is a short difference from the two main entrances to the Campus. The close proximity to Stanford University, Stanford Research Park, and Stanford Hospital, Downtown Palo Alto is one of the most prestigious locations in the Bay Area. Few areas in the world can match the conglomeration of STEM talent and venture capital presence that Palo Alto maintains.

Current short term NNN lease in place providing revenue during development phase.

taylorproperties.com 4 Property Survey

5 taylorproperties.com PROPERTY DESCRIPTION

Property Address Encina Avenue, Palo Alto, California

APN 120-34-006 and 120-34-007

Square Feet 12,000

Zoning CC See PA municipal code Sec.18.16 et seq.

CONSTRUCTION

Asphalt parking lot with lighting. 02 PROPERTY DESCRIPTION

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5

Property Highlights

Ready-made for development in this ideal infill location. Many potential uses from office/retail to potential for mixed use. Located virtually in the heart of Palo Alto, with Stanford University across the street and just a short walk to downtown Palo Alto, , Stanford Hospital, Palo Alto Medical Foundation, and, of course, Town and Country Village.

taylorproperties.com 8 03 MARKET OVERVIEW

taylorproperties.com 9 Area Overview

Stanford Shopping Center Dining & Shopping Downtown Palo Alto Business, Dining & Shopping Public Transportation

Subject Property

Town & Country Village Dining & Shopping

Stanford Stadium Sporting Events Education COUNTY AVG HOUSEHOLD BACHELORS Santa Clara County INCOME DEGREE OR HIGHER $173,246 73%

AVG HOUSEHOLD MEDIAN AGE HOME OWNERS SIZE 35.4 50% 2.3

2-MILE RADIUS MARRIED NUMBER OF POPULATION 58.1% BUSINESSES 82,087 7,000+

taylorproperties.com 11 EXCLUSIVELY REPRESENTED BY

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