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, CALIFORNIA 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 Lake Merritt 630 19th Street Uptown 12th Street 1917 San Pablo 980 Civic Center Martin Luther King Jr. Downtown Oakland Broadway Broadway Old Oakland Chinatown 5 880 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 <all other values> 1 3 Streets 0 to 10k Ramps 25k to 100 Unnamed Streets Waterbodys LakePond Potential for Bonus Sq.ft. SwampMarsh Bay Rivers Parks East Bay 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 Telegraph Avenue 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.