2400 & 2424 WALSH AVENUEOFFERING MEMORANDUM

Santa Clara, CA

WALSH AVENUE

Table of Contents

Contact Information

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.

This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, current or past tax payments, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.

Justin Hedbergjhedberg@kiddermathews.comLIC #01480759

Geoff Hubbardghubbard@kiddermathews.comLIC #01853053

kiddermathews.com

Executive Summary

Property Details

Local Aerial Map

Site Plan & Rent Roll

2400 & 2424

01

02

03

04

WALSH AVENUE

KIDDER MATHEWS | OFFERING MEMORANDUM 32400 & 2424 WALSH AVENUE, SANTA CLARA

The Opportunity

Kidder Mathews, as exclusive adviser, is pleased to present the outstanding opportunity to

acquire two office/R&D buildings totaling ±89,561 square feet, located at 2400 and 2424 Walsh

Avenue in Santa Clara. Flexible Assets with Redevelopment Potential: Both properties are single-

story office/ R&D buildings that are well suited for a variety of uses. This flexible two-building park

can be combined for a single-user or future redevelopment. Santa Clara has historically been

very receptive to higher-density office product for sites near major intersections. The properties

are zoned ML (light industrial), which allows for increased coverage over the existing coverage of

34%. Per the city of Santa Clara, coverage can also be increased with LEED Certification.

89,561 SF

6.116 AC

Office/R&D

100%

ML (Light Indust)

1976/1978

Total RSF

Total Parcel Size

Current Occupancy

Zoning

Year Built

Property Highlights

Building Use

KIDDER MATHEWS | OFFERING MEMORANDUM 42400 & 2424 WALSH AVENUE, SANTA CLARA

High Density Residential Potential

LSCOTT B VD

LAFAYETTE ST

TASMAN DR

GREA

MISSIO NC O LEGE BLVD

MONTAGUE EXPWY

LAW

R ENC

EEX

PWY

SAN

TOM

ASEX

PWY

LAW

R EN

CE

EXPW

Y

CENTRAL EXPWY

CENTRAL EXPWY

LAFAYETTEST

BLVD

AGNEW RD

LICK

MILL BLVD

HOPE DR

BOW

ERS

AV

E

OCS

TT

LBVD

C ABRILLO AVE

MONRO E ST

MONROE ST

LINCOLN ST

ZUR

CL

DVB

EL C AMIN O REAL

WASHINGTON ST

BEN TON ST

HOMESTEAD RD

BEN TON ST

MARKET ST

SARATO

GAAVE

NEW HALL ST

I

POM

ERO

Y AV

E

CALABAZAS

BLVD

280

237

880

UNION PACIFIC RR

CALTRAIN

CaltrainStation

SA

NTA CLARAVTA LIGHT RAIL

Y

STEVENS CREEK BLVD

BOW

ERS

AVE

S AVE

CALTRAIN

CaltrainStation

12/10

MILES

40 acres

10acres

Figure 5.2-3Land Use DiagramPhase III: 2025-2035

Rail & Light Rail

Stations

City Limits

C reek

Trail

Proposed Trail

Very Low Density Residential

Low Density Residential

Medium Density Residential

High Density Residential

Community Commercial

Regional Commercial

Neighborhood Mi x ed Use

Community Mi x ed Use

Regional Mi x ed Use

Public/Quasi Public

High

Parks/Open Space

Light Industrial

Heavy Industrial

Santa Clara Station Area

Downtown Core

N ew PublicFacilities

Open Space - (with new development1)

N ew Neighborhood Retail

1 Actual size and location to be determined in planning process

Neighborhood Commercial YWKP

ACIRE

MA

101

Exception Areas for Places of Assembly and Entertainment Uses

Revised: November 16, 2010

L

EIK

BLV DL

HOMESTEAD RD

PRUN ER DG E VA E

WAL H

As part of Santa Clara’s Phase III: 2025-2035 Plan,

the sites call for High Density Residential. This

classification is intended for residential development

at densities ranging from 37 to 50 units per gross acre.

This density range is typically located in areas adjacent

to major transportation corridors, transit or mixed uses.

High Density Residential development has an urban feel,

with mid-risebuildings, structured or below-grade

parking, and shared open space.

2400 & 2424 WALSH AVE

LAND USE DIAGRAM

LOCATION

Kifer Road

Lawrence E

xpressw

ay

Arques Avenue

Central Expressway

Scott B

oulevard

Monroe Street

Montague Expressway

Lafayette Street

2400 & 2424 WALSH AVE

KIDDER MATHEWS | OFFERING MEMORANDUM 52400 & 2424 WALSH AVENUE, SANTA CLARA

PROPERTY DETAILS

Total RSF 59,430 SF Total RSF 30,131 SF

% of Project 66% % of Project 34%

% Leased 100% % Leased 100%

Parcel Size 4.074 AC Parcel Size 2.042 AC

Coverage Ratio 33.5% Coverage Ratio 33.9%

Year Built 1976 Year Built 1978/Renovated-2011

2400 WALSH AVENUE Santa Clara, CA 95051

TOTAL RSF ±89,561 PARCEL SIZE ±6.116 ACRES

2424 WALSH AVENUE Santa Clara, CA 95051

2424 WALSH2400 WALSH

WALSH AVENUE N

KIDDER MATHEWS | OFFERING MEMORANDUM 62400 & 2424 WALSH AVENUE, SANTA CLARA

SITE PLAN

2424 WALSH 2400 WALSH

NORTH

KIDDER MATHEWS | OFFERING MEMORANDUM 72400 & 2424 WALSH AVENUE, SANTA CLARA

LOCAL TECH COMPANIES

11109

7

5

2

6

1 San

To

mas

Exp

ress

way

Great A

merica P

arkway

Bo

wers A

venue

Central Expy

Lafayette Avenue

Kifer Road

SANTA CLARA

Montague Expy

Law

renc

e E

xpre

ssw

ay

Tasman Drive

Mission College Boulevard

Scott Boulevard

Walsh Avenue

2400 WALSH AVENUE

3

4.2 MILES

3.3 MILES

2.8 MILES

8

4

MAJOR TENANTS

1 Apple

2 Miramar/Apple

3 NVidia (New Location)

4 Huawei

5 Tesla

6 Arris

7 Intel

8 Applied Materials

9 Ericsson

10 AMD

11 Gigamon

12 Cambridge Industries

13 ServiceNow

14 Palo Alto Networks

15 Akamai

16 Aruba/HP

17 New Sobrato Development

12

1615 14

17 13

Contact Information

Justin Hedberg Senior Vice President/Partnerjhedberg@kiddermathews.com408.588.2317 LIC #01480759

Geoff Hubbard First Vice Presidentghubbard@kiddermathews.com408.588.2320 LIC #01853053

Kidder Mathews 10 Almaden Blvd, Suite 550 San Jose, CA 95113

kiddermathews.com