FOR SALE Downtown Multi Tenant Retail San Carlos Avenue, San Carlos

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1 ± 6,510 SF $3,650, % Cap Kevin P. Clay, - Broker/Owner - CA Department of # REIGN, 542 El Camino Real, San Carlos, CA 94070

2 Property Highlights Phenomenal Downtown San Carlos Location Within 500 feet of Proposed Transit Village Adjacent to Proposed Wheeler Plaza Development High Visibility & Foot Traffic Location Below Market Rents Several Long Term Tenants Corner of San Carlos Ave and Laurel Street Includes Mythos: a Vibrant Local Restaurant Plus Four Retail Shops from 810 sf 1,120 sf High Traffic Counts on San Carlos Ave & Laurel St. Adjacent to 178 car public parking lot Great Signage on San Carlos Ave & Laurel St Short Walk from CalTrain Station Kevin P. Clay, - Broker/Owner - CA Department of # REIGN, 542 El Camino Real, San Carlos, CA 94070

3 Laurel Street REIGN Alley City Parking 178 Spaces 1201 SC Ave 1213 SC Ave 1217 SC Ave 1221 SC Ave 1225SC Ave Mythos Restaurant 2,600 sf Computer Repair 810 sf Jeweler 1,120 sf Earthy Treasures 1,035 sf Tiernan Opticians 945 sf Sister City Alley San Carlos Avenue Drawing not to scale Kevin P. Clay, - Broker/Owner - CA Department of # REIGN, 542 El Camino Real, San Carlos, CA 94070

4 PROPERTY SUMMARY Property Type Tenants Location Ownership Building Size 6,510 Land Area 8,276 Stories PROPOSED FINANCING Type Bank Loan Term 10 Years, fixed for 5 Amortization 25 years LTV 60-65% Interest Rate 4.25% Recourse Downtown Retail Local Businesses Downtown San Carlos Fee Simple Single Occupancy 100% Parking 178 Adjacent Public Parking + Street Parking Yes CASH INVESTMENT SUMMARY Offering Price 3,650,000 Net Operating Income 161,003 Cap Rate 4.41% Price per Square Foot 561 Year Capital Income Cash Flow 0 (3,650,000) - (3,650,000) 1-161, , , , , , , , , , , , , , , , , , ,931, ,541 5,149,263 IRR 7.53% Cap Rate 4.41% Rent Growth 3.00% Kevin P. Clay, - Broker/Owner - CA Department of # REIGN, 542 El Camino Real, San Carlos, CA 94070

5 Kevin P. Clay, - Broker/Owner - CA Department of # REIGN, 542 El Camino Real, San Carlos, CA 94070

6 San Carlos Ave. Cherry Street REIGN Laurel Street Walnut Street Kevin P. Clay, - Broker/Owner - CA Department of #

7 Kevin P. Clay, - Broker/Owner - CA Department of # REIGN, 542 El Camino Real, San Carlos, CA 94070

8 WHEELER PLAZA In Planning Stages San Carlos Avenue is adjacent to and will likely border a major proposed development by the City of San Carlos. This will potentially enhance the appeal of businesses located here, and affect egress and parking opportunities. Per the proposed drawing below, the rear of the building may offer attractive entries to shops and this location s appeal might be enhanced by many new businesses and residential foot traffic. All aspects remain subject to change and approval. Description of Project The City as Successor to the San Carlos Redevelopment Agency is looking to redevelop an approximately 2.65 acre site owned by the City and agency that is located one block west of El Camino Real and immediately southwest of the intersection of San Carlos Avenue and Laurel Street. The Site is located directly behind prime retail frontage along Laurel Street and includes frontage on San Carlos Avenue. The City owns the surface parking and the former Redevelopment Agency owns four parcels adjacent to Wheeler Plaza - two retail buildings along San Carlos Avenue one retail building fronting Laurel (formerly Foodville Market) and a 6-unit rental housing on Walnut Street. These properties would all be part of the potential Wheeler Plaza project. (source: City of San Carlos Website) Kevin P. Clay, - Broker/Owner - CA Department of #

9 Transit Village - In Planning Stages San Carlos Avenue is one block (about 500 feet) from the major development proposed by Sam Trans, surrounding the Train Station at the foot of San Carlos Avenue. This will significantly increase the number of residents and office workers in downtown San Carlos. Description of Project The development is mainly residential with retail and offices uses, and a multi-modal transit center situated south of the historic depot. The main elements of the project include: Housing: 280 rental apartment units, including market rate and affordable priced apartments, with semi-subterranean parking will be housed in six 2-4 story wood frame buildings over semi-subterranean parking. The proposed unit mix includes 93 one bedroom units, 132 two bedroom units and 55 three bedroom units, in a diverse array of sizes and floor plans. Retail & Office Space: Approximately 14,000 sf of first floor retail and 16,000 sf of 2 nd and 3 rd floor offices. Retail and office uses will be available in three buildings. Two buildings will be dedicated solely to retail/office space and a third retail space will be located at the ground level of the southernmost residential building. CalTrain Station: The project includes a new transit center at the south end of the site. The Transit Center will provide the same number of parking spots as currently exist (226) and will include dedicated areas for shuttles, buses, and taxis. Kevin P. Clay, - Broker/Owner - CA Department of #