±7.77 ACRES OF LAND ADJACENT TO HOME DEPOT & WALMART

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1 Dowdell Labath Avenue O F F E R I N G M E M O R A N D U M ±7.77 ACRES OF LAND ADJACENT TO HOME DEPOT & WALMART Rohnert Park, CA Millbrae Avenue SITE ±118,000 ADT Oxford Suites (163-room Hotel under construction) Golf Course Drive W. ±16,180 ADT Coming Soon (200-room Hotel and Convention Center under construction) William Kampton Senior Vice President bill.kampton@colliers.com LIC # John Schaefer Senior Vice President john.schaefer@cushwake.com LIC #

2 Dowdell Avenue Labath Avenue ±7.77 ACRES ROHNERT PARK, CA Investment Opportunity Investment Opportunity Cushman & Wakefield and Colliers International as exclusive advisors, are pleased to present the opportunity to acquire the land adjacent to Home Depot and Walmart, located at 107 Wilfred Avenue (the Property ). The site is easily accessible from Golf Course Drive on the South and Millbrae Avenue on the North. Over 112,000 cars per day pass by the Property on US 101 heading north and south, which also provides great visibility of the Property. Investment Summary LOCATION APN#: ACRES 107 Wilfred Avenue, Rohnert Park, CA ±7.77 Acres of vacant land PRICE $3,900, Millbrae Avenue SITE ±118,000 ADT Golf Course Oxford Suites (163-room Hotel under ±16,180 ADT Coming Soon (200-room Hotel and Convention Center under construction)

3 ±7.77 ACRES ROHNERT PARK, CA Graton Casino Adjacent Parcels APN#: ZONING: Commercial-R This designation is intended to provide sites for retail areas containing a wide variety of businesses, including: retail stores, eating and drinking establishments, commercial recreation, financial, business and personal services, hotels and motels, and educational and social services. Maximum permitted FAR is 1.5 for hotels and 0.4 for all other uses. Shopping centers typically include department stores or big-box stores, which attract consumers from outside the city POTENTIAL: Retail, Hotels & Motels, Restaurants, Commercial Recreation, Services ACRES: ±7.77 ACRES

4 ±7.77 ACRES ROHNERT PARK, CA General Plan

5 ±7.77 ACRES ROHNERT PARK, CA Land Use Description SITE

6 ±7.77 ACRES ROHNERT PARK, CA About the Area ECONOMY In close proximity to San Francisco and Napa County, Sonoma County encompasses more than 1,600 square miles and is home to more than 493,285 people. The State of California s Employment Development Department projects that between 2008 and 2018 there will be approximately 16,700 new jobs created in Sonoma County including administrative and support services, management of companies and enterprises, and scientific/technical services. More than 7 million visitors come to Sonoma County each year to wine taste, visit the Pacific coastline and experience the redwood forests. Tourism generates over $1.3 billion annually to the Sonoma County economy, which creates nearly 17,000 jobs from visitor spending. This has not always been the case. When California s economic situation worsened during , fewer people traveled to Sonoma County, which decreased occupancy rates and affected jobs. Sonoma County has seen steady improvements in the economy since Rohnert Park was also affected by the economic recession. In 2011, when the City of Rohnert Park was faced with a $6 million budget deficit, the City Council declared a fiscal emergency. Over the past two years, there have been multiple developments that have turned Rohnert Park s economy around. The Green Music Center at Sonoma State University opened its doors in 2012, which provided a world-class performing arts space. The $800 Million Graton Resort & Casino opened in November of Owned and operated by the Federated Indians of Graton Rancheria, the Graton Resort & Casino features table games, slot machines, entertainment options, and upscale and casual dining. Since the 340,000 square-foot casino created more than 2,000 jobs. Currently under construction is the Sonoma Mountain Village which is a $1 billion, 200-acre mixed-use development of the former Agilent campus. The plans call for the project to be built in three to six phases over 12 years and will be within walking distance from the proposed Sonoma-Marin Area Rail Transit station. The project is projected to create 3,300 jobs and house 4,400 residents. Rohnert Park has a diverse business base of small to large sized businesses including national and international companies. Companies range from nonprofit retraining facilities to producing farming equipment and computer panels. Rohnert Park s employment population is 23,500 (2013). About 21% of Rohnert Park s employed population is in the educational services, social assistance sector, and health care. The second largest sector is the wholesale and retail trade. According to Sonoma County Economic Development Board, this means that there is a higher prevalence of arts, entertainment, recreation, accommodation and food services compared to the county s average due to the high demand for intangible goods. On December 24, 2013, the 30-acre former State Farm Mutual Automobile Insurance campus was purchased by a Southern California-based housing developer, SunCal Companies. The State Farm site spans between Highway 101, the railroad tracks and Santa Alicia Avenue. There are two major contributing factors to why SunCal Companies was interested in property in Rohnert Park: major redevelopment planning efforts by the city government and the Sonoma-Marin Area Rail Transit station that is being built next to the property. SMART will be a passenger rail and bicycle-pedestrian pathway starting in Cloverdale and extending to San Rafael. New civic buildings and mixed-use developments were built near the former State Farm site. City consultants estimate that the redevelopment of the area would produce 1,800 jobs through 2040.

7 ±7.77 ACRES ROHNERT PARK, CA Comparable Sales

8 ±7.77 ACRES ROHNERT PARK, CA Retail Aerial SITE

9 ±7.77 ACRES ROHNERT PARK, CA Area Demographics

10 ±7.77 ACRES ROHNERT PARK, CA Disclaimer This Offering Memorandum ( Memorandum ) is being given to you for the sole purpose of evaluating the possible acquisition of ±7.77 acres of land adjacent to Home Depot in Rohnert Park, California ( Property ) and is not to be used for any other purpose or made available to any other party without the prior written consent of the seller ( Seller ) or Cushman & Wakefield or Colliers International ( Exclusive Advisor or Broker ). This Memorandum was prepared by Broker based on information supplied by Seller and Broker. It contains selected information about the Property and the real estate market, but does not contain all the information necessary to evaluate the acquisition of the Property. The financial projections contained herein (or in any other Confidential Information) are for general reference only. The projections are based on assumptions relating to the general economy and local competition, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or legal analysis of such documents. While the information contained in this Memorandum is believed to be reliable, neither Broker nor Seller guarantees its accuracy or completeness. Due to the foregoing and since the Property will be sold on an As Is, Where Is basis, a prospective purchaser must make its own independent investigations, projections, and conclusions regarding the acquisition of the Property without reliance on this Memorandum. Although additional Confidential Information, which may include engineering, environmental or other reports, may be provided to qualified parties as marketing proceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineering, environmental, and other experts. Seller expressly reserves the right, at its sole discretion, to reject any offer to purchase the Property or to terminate any negotiations with any party at any time with or without written notice. Seller shall have no legal commitment or obligation to any prospective purchaser unless and until a written sale agreement has been fully executed, delivered and approved by Seller and any conditions to Seller s obligations thereunder have been satisfied or waived. Seller has retained Broker as its exclusive broker and will be responsible for any commission due to Broker in connection with a sale of the Property pursuant to separate agreement. Broker is not authorized to make any representation or agreement on behalf of Seller. This Memorandum is the property of Seller and Broker and may be used only by parties approved by Seller or Broker. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone.