FULLY LEASED INVESTMENT - JACK LONDON SQUARE OAKLAND, CALIFORNIA

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Georgia Craig
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XCUIV UMMARY W PLAC 200 W R FULLY LAD INVMN - JACK LD

quity Finance Contact: John Dolby enior Vice

com LIC #00870630 Dane ooks 510.267.6025 Dane.

CA 94607 555 12th treet, uite 1400 akland, CA 94607

1 XCUIV UMMARY W PLAC 200 W R FULLY LAD INVMN - JACK LD QUAR KLAND, CALIFRNIA Investment Contacts: Debt & quity Finance Contact: John Dolby enior Vice President John.Dolby@cassidyturley.com LIC # Dane ooks Dane.ooks@cassidyturley.com LIC # Chris Banke Chris.Banke@cassidyturley.com LIC # Rick Lafranchi Rick.Lafranchi@cassidyturley.com LIC # th treet, uite 1400 akland, CA th treet, uite 1400 akland, CA California treet, uite 800 an Francisco, CA California treet, uite 800 an Francisco, CA

2 xecutive ummary 2

3 XCUIV UMMARY ffering ummary Cassidy urley, as owner s exclusive agent is pleased to present for sale, Webster Place, located in the Jack London quare district of akland California. Webster Place sits on approximately 0.34 acres, and is improved with a four story office building totaling approximately 27,099 square feet. he property is presently occupied by the current ownership who desires to continue occupying the building on a long term net lease, giving investors the opportunity to acquire a fully leased cash flowing asset in one of the an Francisco Bay Area s most exciting niche submarkets. W PLAC Building ize ±27,099 F Asking Price $6,400,000/ $236 PF Year 1 NI: $427,619 enant: Ramsell Corporation Lease: 10 year Net (roof & structure) Investment ighlights 100% Leased Corporate eadquarters he entire building will be leased to Ramsell Corporation for 10 years. Webster Place serves as Ramsell s corporate headquarters and the company has occupied the building since Founded in 1964, today Ramsell is a leading provider of pharmacy benefit, medication therapy, and behavioral health pharmacy program management. his long term lease provides investors with immediate cash flow and a highly stable income stream. Net Lease with Annual scalations he net lease structure allows investors to receive passive income, with the tenant maintaining responsibility for paying all building utilities, property taxes, building insurance expenses, and maintenance contracts. he lease also contains annual escalations, providing investors with an income stream that increases throughout the life of the lease. utstanding Jack London quare Location ne of the an Francisco Bay Area s most dynamic submarkets, Jack London is undergoing a vibrant renaissance which is quickly shaping the area into one of the region s most exciting areas to live, work and play. Known for its scenic waterfront, appealing climate, and excellent selection of highly touted eateries, the submarket has attracted a wide variety of businesses to the area in recent years and continues to see an influx of demand for both commercial space and residential development. Wide Ranging ransportation Access ituated in Jack London quare, Webster Place lies just blocks off Interstate 880, one of the an Francisco Bay Area s key north south arterials. Additionally, Interstate 880 provides quick access to both Interstate 580 and Interstate 80, which serve as key connecters for commuters traveling to and from an Francisco, ilicon Valley, and the ri-valley. Webster Place also provides excellent access to public transit with the Clay treet Ferry erminal located 6 blocks from the property, Amtrak akland tation located 3 blocks from the property, surrounding bus stops, and Free B Broadway huttle Line which connects from the City Center BAR station and stops 1 block from the property. For air travel, akland International Airport and an Francisco International Airport are located less than 10 and 25 miles; respectively from Webster Place. Robust Regional and Local conomy Fueled by technological innovation, the an Francisco Bay Area is one of strongest economies in the world. For more than two decades, the region has consistently received more venture capital dollars than any other region in the United tates. Large Bay Area tech firms such as Google, Cisco, Intel, Apple, and Facebook among many others are recruiting heavily and contributing to a resurgence of the region s economy. Driven by the region s economic growth, the unemployment rate in Alameda County has fallen from 10.8% to 7.8% during the past twenty four months and remains well below the California statewide unemployment rate of 9.3%. 1

4 Property verview 2

5 PRPRY VRVIW Located in the heart of Jack London quare at the intersection of Webster t and 2nd t, Webster Place consists of a four story office building containing approximately 27,099 square feet. he ground floor is dedicated primarily to parking and contains 38 parking spaces (including 2 handicapped stalls). Floors 2,3 and 4 consist of office space which is currently occupied by Ramsell Corp. Upon disposition, Ramsell Corp intends to continue occupying the building on a long term net lease. ite ummary Project Acreage/F.34/±15,000 tories 4 (Ground floor dedicated primarily to parking) Address: 200 Webster, akland, California ubmarket: Jack London quare APN: Parking paces: 38 (Covered) otal Building Area: ±27,099 RF Built: 1985 Zoning: C-45, Community hopping Commercial Zone C-45 Zoning he C-45 zone is intended to create, preserve, and enhance areas with a wide range of both retail and wholesale establishments serving both long and short term needs in compact locations oriented toward pedestrian comparison shopping, and is typically appropriate to commercial clusters near intersections of major thoroughfares. ome of the commercial activities that are permitted for this flexible zoning classification include: Medical ervice, Full ervice Restaurant, and General Retail ales. 3

6 Location verview 4 Property Description

7 LCAI VRVIW ~xperience the natural beauty of akland s waterfront jewel, Jack London quare~ istory ne of the ast Bay s most identifiable landmarks, Jack London quare, also known as the Loft District, was named for the famous American author, Jack London, who spent much of his childhood there. he district began as the historic center of akland s port operations and an active working waterfront. he region s proximity to early rail lines and its central geographic location helped it develop quickly into a vibrant warehouse and industrial district. With the advent of containerized shipping, most of the Port of akland s shipping activity moved up the estuary and the Jack London District began to transition from a predominantly industrial area to a mix of restaurants, retail shops, and other uses. Contemporary Renaissance ncompassing more than 70 square blocks, today s Jack London quare District blends a combination of modern architecture, turn of the century warehouses, open public spaces and scenic waterfront into an eclectic environment with a lively music & restaurant scene. Jack London quare itself underwent a major redevelopment which commenced in 2004 & included a hotel, movie theatre, office and retail buildings. his redevelopment has helped spur the continued transformation of the Jack London quare district into one of the region s most appealing submarkets. Recent Development Jack London quare s central Bay Area location & waterfront environment have helped it attract a substantial influx of both residential and commercial development. ince 2000, the district has added over 1,000 new residential housing units in notable projects such as the ierra, Allegro Condominiums, and he Landings. n the commercial side, Jack London quare itself recently underwent a $400 million redevelopment which included new office & retail space, a hotel, and entertainment space. oday the region continues to attract both investors & developers as evidenced by the recent sale of 65 acres along the southern border of the Jack London District which will eventually play home to 3,100 residential units, 30 acres of parks & open space, and 200,000 F of retail & commercial space. he continued development of the Jack London District will only help to further elevate its status as one of the an Francisco Bay Area s most exciting & dynamic locales. 5

8 W B R A RR I LA K MA ID DI D R JA CK K MA DI K L LA K PRALA PARK FA L FA L D LANY CLLG 5 L FA L 1 UB 4. K MA. 8 DI 4 JA C K 4 VIC RY C UB P Y 4 1 DIANC M BARC DRIV IM AD R 11 miles 18 minutes Downtown an Jose 44 miles 50 minutes Downtown acramento 80 miles 1 hour22 minutes 15 minutes walking WB R W Downtown an Francisco BAR R 5 IC AL A 10 K L A K M R R I M BLVD R R I BLVD 12 D V A R I RR N CK JA MA DI DI MA R B W AL IC K JA C CK JA IN KL FR 11 B IC IC AL CIVIC CNR MADI PARK W 1 W AL A RR I A RR I MAJR URRUNDING CII ALAMDA A RR I R W B R W B 8 Free Broadway huttle Line R FR AN KL IN IN IN KL AN FR ARRI QUAR 6 AN KLAND INNR AR 1 10 R 10 A 11 LINCLN PARK. akland Ferry erminal JACK LD QUAR W WA W B WA Y WA Y D. IN KLAND D G IN WA DW G 5 J FF 6 14 LAK MRRI RN IN ML CL 4 KJ CA ADR W MBARC CINAWN 9 L K LA 5 R N 11 CL FR AN KL RW U MYR 9 7 J FF CL R J FF R N ML D KJ RW LAF QUAR LD KLAND 9 JFFR QUAR ML DWNWN L 5 LIND N D 9 KJ RW CA U R MAR K FILB R 7 R 5 MAR K AD AL I C 12 WA Y 7 FR AN CL J CA R ML KJ RW A MYR L FILB R LIN 8 C N U AD LIN Webster Place akland, CA FRANK GAWA PLAZA 14 U D V 14 DR 8 W LL ID minutes to F MB ARCA DR

uperb Public ransit Access BAR Bay Area Rapid ransit (BAR) is one of the largest transit systems in the country.

Ferry ervice At the corner of Clay treet & Water treet, the Jack London quare Ferry erminal provides service to Alameda, yster Point in outh an Francisco, an Francisco Ferry Building & Pier 41.

he eye-catching B buses link commuters to their offices and are a convenient and fun way for downtown workers, residents, and visitors to explore akland s thriving waterfront and downtown

9 uperb Public ransit Access BAR Bay Area Rapid ransit (BAR) is one of the largest transit systems in the country. erving 5 Bay Area counties, it is comprised of 43 stations & covers 104 miles, providing convenience & freedom of mobility to Bay Area residents & visitors. Ferry ervice At the corner of Clay treet & Water treet, the Jack London quare Ferry erminal provides service to Alameda, yster Point in outh an Francisco, an Francisco Ferry Building & Pier 41. Amtrak With a station located on econd treet, Amtrak provides rail transit throughout California, the Pacific Northwest, and the greater U. Broadway huttle B his free shuttle has 19 stops. he eye-catching B buses link commuters to their offices and are a convenient and fun way for downtown workers, residents, and visitors to explore akland s thriving waterfront and downtown neighborhoods. he B runs between Jack London quare and Grand Avenue from 7 am to 7 pm. ighway Direct access to 980/580 and 880 Within blocks to Downtown akland for freeway access to the entire Bay Area akland International Airport 10 miles from the property, akland International Airport is served by 15 major domestic & international airlines. 15 million people have passed through the gates in the past 12 months, making it one of the busiest airports in California. 7

10 Investment Contacts: Debt & quity Finance Contact: John Dolby enior Vice President LIC # Dane ooks LIC # Chris Banke LIC # Rick Lafranchi LIC # th treet, uite 1400 akland, CA th treet, uite 1400 akland, CA California treet, uite 800 an Francisco, CA California treet, uite 800 an Francisco, CA

THE RETAIL Trophy Retail Investment Opportunities Situated at the Gateway to Mission Bay EXECUTIVE SUMMARY

THE RETAIL Trophy Retail Investment Opportunities Situated at the Gateway to Mission Bay EXECUTIVE SUMMARY HE REAIL CONDOMINIUMS @ rophy Retail Investment Opportunities Situated at the Gateway to Mission Bay EXECUIVE SUMMARY OWER REAIL PARK REAIL PARK REAIL ENANS HE ZONE 415 HE ZONE 415 2 HE REAIL CONDOS @