FOR SALE...its waterfront real estate. The property in total is 2.87 acres consisting of two parcels (1.16 AC & 1.71 AC). The property is located at the northwest corner of 5th and

FOR SALE860-870 Riske Lane West Sacramento, CA

RARE WATERFRONT Commercial Zoned Property Located in an Opportunity Zone

WEST SACRAMENTO'S most exciting residential and commercial development opportunity

SITE

RALEY FIELD

RISKE LANE

SACRAMENTO RIVER

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, 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.

KIDDER.COM

KEVIN SHEEHAN

[email protected] N° 0936093

EXCLUSIVELY LISTED BY

01EXECUTIVE SUMMARY

02QUALIFIED OPPORTUNITY ZONE

03SITE PLAN

04PARCEL MAP

05WEST SACRAMENTO SUBMARKET MAP

06ZONING CODE AND ORDINANCE

07MARKET OVERVIEW

08NEARBY AMENITIES

09WEST SACRAMENTO DEVELOPMENTS

10DOWNTOWN/MIDTOWN DEVELOPMENTS

11COMPARABLES

12COMPANY OVERVIEW

TYLER BOYD


JOSH KUCHUGURNY


TABLE OF CONTENTS

3860-870 RISKE LANE OFFERING MEMORANDUM KIDDER MATHEWS

01EXECUTIVE

SUMMARY


THE OFFERING

860-870 Riske Lane is a well-located property in the heart of The Bridge District of West Sacramento, CA. The future development of the property will be Mixed-Use Commercial/Residential, Office or Medical. The Bridge District is located within a qualified Opporunity Zone.

The current operation of the Sacramento Stucco Co. has been located there for many decades predating the installation of The Bridge District’s specific plan, which is West Sacramento’s attempt to revitalize and utilize its waterfront real estate. The property in total is 2.87 acres consisting of two parcels (1.16 AC & 1.71 AC).

The property is located at the northwest corner of 5th and Bridge Street with an off-ramp directly adjacent to the property from Highway 50/Business-80. It is located to the north of the highway and to the south of the Tower Bridge which connects Downtown Sacramento to West Sacramento. It is also about 0.25mi south of Raley Field, home to the Rivercats minor league baseball team. Immediately east of the property are multiple new residential developments consisting

EXECUTIVE SUMMARY

PROPERTY OVERVIEW

Address 860-870 Riske Lane West Sacramento, CA 95691

Submarket West Sacramento

County Yolo

Land 2.87 AC (125,843 SF)

APNs 058-310-018-000 & 058-310-019-000

Zoning WF (Waterfront Commercial)

Current Uses Light Manufacturing & Industrial

Future Uses Multi-Family, Retail, Office, Medical, Mixed Use

Current Ownership Sacramento Stucco Co.

Opportunity Zone Yes; Tract #06113010201

of townhomes and apartments, built by Fulcrum Development, and also The Barn—a multi-use event center with a tap room and restaurant.

The property’s strengths include its prominent location within The Bridge District, its future zoning as Waterfront Commercial and the fact that the City of West Sacramento is excited and encouraging mixed-use, high-density development in this area. The City of West Sacramento is a friendly and resourceful municipality to work with that encourages development and streamlines the process for developers.

The current industrial operation on the property, Sacramento Stucco Co., can continue to operate under the current zoning; however, once the occupant leaves the property, the zoning will convert to a WF zoning code (Waterfront Commercial). At that point, no more industrial uses will be allowed in The Bridge District. Only mixed-use, high-density residential, office, medical, and retail will be permitted for the future use of the property.


The Future of the Property is Bright!

The future of this property is as a commercial or mixed use with mid-to-high density residential development. Once the current operation, Sacramento Stucco Co., shuts down their business, the property will automatically convert from an industrial use and zoning to its new zoning code of Waterfront Commercial (WF). Under this zoning, no industrial uses are allowed (this goes for all of the properties within The Bridge District). The permitted uses for Waterfront Commercial include Multi-Family, Office, Retail, Medical, or Mixed-Use. The highest and best uses for the property would be Multi-Family and/or Retail.

The property is also located within a qualified Opportunity Zone.

PRICED AT: $4,950,000

EXECUTIVE SUMMARY


02QUALIFIED

OPPORTUNITY ZONE

860-870 Riske Lane is located in census tract 06113010201, which is a Qualified Opportunity Zone.

The federal Opportunity Zones provide preferential tax treatment for capital gains investments in economically distressed areas. Investors may defer or eliminate taxes on capital gain investments made in designated Opportunity Zones in qualified opportunity funds (QOF’s). West Sacramento’s riverfront including the Bridge District (TBD), Washington, Pioneer Bluff and Stone Lock have been designated as well as industrial and commercial areas between West Capitol Avenue on the north, the Sacramento River on the east and the Deep-Water Ship Channel on the south.

The Tax Cuts and Jobs Act of 2017 established Opportunity Zones as a mechanism to provide tax incentives for investment in designated census tracts. Investments made by individuals through special funds in these zones would be allowed to defer or eliminate federal taxes on capital gains.

With minor exceptions, the federal statute is not prescriptive in terms of the types of qualified investments, from affordable housing to clean energy to infrastructure to small business to workforce. This provides flexibility – as well as the need – to craft local

and state strategies that will focus these investments to ensure they deliver living wage jobs, increase affordable housing, prevent unwanted gentrification and build resilient communities. Investors are expected to begin forming Opportunity Funds in the later part of 2018, after Treasury issues final rules.

A Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property that is located in an Opportunity Zone and that utilizes the investor’s gains from a prior investment for funding the Opportunity Fund. A Fund must hold at least 90% of its assets in qualifying property.

The policy enables funds to be responsive to the needs of different communities, allowing for investment in operating businesses, equipment, and real property. For example, funds can make equity investments in or purchase the stock of a company if substantially all of the company’s tangible property is and remains located in an Opportunity Zone. Funds can take interests in partnerships that meet the same criteria. Funds can also invest directly in qualifying property, such as real estate or infrastructure, if the property is used in the active conduct of a business and if either the original use of the property commences with the fund or the fund substantially improves the property.

QUALIFIED OPPORTUNITY ZONE

860-870 RISKE LANE OFFERING MEMORANDUM KIDDER MATHEWS 7


QUALIFIED OPPORTUNITY ZONE


03SITE PLAN


SITE PLAN

APN: 058-310-018-000 1.16 ACRES

RALEY FIELD

APN: 058-310-019-000 1.71 ACRES

RIS

KE

LA

NE

BRIDGE STREET

870 RISKE LANE

860 RISKE LANE


04PARCEL MAP


PARCEL MAP

SUBJECT PROPERTY


05WEST

SACRAMENTO SUBMARKET

MAP


WEST SACRAMENTO SUBMARKET

SUBJECT PROPERTY

PORT OF WEST SACRAMENTO

CAL STRS HQ

RALEY FIELD

GOLDEN 1 CENTER

STATE CAPITOLA

MER

ICA

N R

IVE

R

SACRAMENTO RIVER


06ZONING CODE &

ORDINANCE


Zoning-Flexible for Residential and Commercial

ZONING CODE:

The two parcels are in the WF zoning (Waterfront Commercial). WF-PD41 is the zoning code.

17.22.052 WATERFRONT (WF) ZONE.

A. General Pan Reference-RMU Riverfront Mixed Use. This designation provides for marina, restaurants, retail, amusement, hotel and motel uses, mid-rise and high-rise offices, multifamily residential units which are oriented principally to the river, public and quasi-public uses, and similar and compatible uses. Residential densities shall be forty to one hundred twenty dwelling units per acre. There is no minimum FAR and the max FAR is 10 for office uses and 3 for all other uses.

B. The purpose of the waterfront (WF) zone is to allow

ZONING CODE & ORDINANCE

for high density mixed uses which capitalize on the city’s river frontage. Much of this area will be redeveloped from prior industrial development. After completion of a master development plan, many properties will be rezoned to other specific use zones such as R-4 or C-W. Mixed use projects may remain in this zone. (Ord. 17-6 § 3; Ord. 11-6 § 1; Ord. 05-2 § 3; Ord. 93-1 § 5)

17.22.057 PLANNED DEVELOPMENT (PD) OVERLAY ZONE.

A. General Plan Reference. In order to achieve the general plan goal “To promote the development of a cohesive and aesthetically pleasing urban structure for West Sacramento,” the PD zone has been included within the scope of the Zoning Ordinance to allow for the maximum flexibility consistent with the minimum development standards within each zone category.

B. Where a special design for land use makes it desirable

to apply regulations more flexible than those contained elsewhere in this title, a planned development (PD) overlay zone may be established. The purpose of such overlay zone is to grant or require diversification in the location of structures and other site elements which would be appropriately compatible, while insuring adequate standards relating to the public health, safety, welfare, comfort, and convenience. Planned development (PD) overlay zones may be established in any area suitable for and of sufficient size to contain a planned development, and may include residential, commercial, or industrial uses where appropriate in the judgment of the city. The planned development (PD) overlay zone may be applied to any base zone within the title. Uses not otherwise found in this title may be permitted within the planned development (PD) overlay zone regardless of what base zone it overlays. (Ord. 17-6 § 3; Ord. 93-1 § 5)


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all

F.D Station 44

Police Departm

ent

Senior Center

Teen Center

F.D.

Station 41

Public Works

Bridgew

ay Lakes Boathouse

F.D.

Station 42

Recreation C

enter

F.D.

Station 45

R-1-A R

esidential One Fam

ily

R-2.5 R

esidential - Medium

High D

ensity

R-2 R

esidential - Medium

Density

M-3 W

ater-Related Industrial

M-L Lim

ited Industrial

R-1-B

Residential - O

ne-Family

AG

Agricultural - G

eneral

PD

-41

PD

-41

PD

-43

PD

-43

PD

-30

PD

-30

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-42

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-42

PD

-29

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CITY OF WEST SACRAMENTO ZONING MAP


07MARKET

OVERVIEWWEST SACRAMENTO-THE BRIDGE DISTRICT

REGIONAL ECONOMY

OFFICE OVERVIEW

RETAIL OVERVIEW

MULTI-FAMILY OVERVIEW


The Bridge District Specific Plan, formerly the Triangle Plan, was adopted in 1993 and significantly updated in 2009.

The intent of the Bridge District Specific Plan is to provide a framework for the development of a well-planned, waterfront orientated urban district for the City of West Sacramento. The transition from the industrial past to the vision of an urban mixed-use district is well under way.

The project totals 188 acres from the Tower Bridge to the Interstate 80 overpass along the riverfront with Raley Field on the north. Four residential/commercial projects are underway in The Bridge District. Plans call for 4,000 residential units, 5 million sq. ft. of commercial space and 500,000 sq. ft. of retail.

The Habitat, Rivermark, and The Park Moderns have all been completed and added nearly 200 housing units. The Moderns at Eames Walk are currently under construction and will add 21 homes.

4,000RESIDENTIAL UNITS

5M SFCOMMERCIAL SPACE

500,000 SFRETAIL SPACE

WEST SACRAMENTO- THE BRIDGE DISTRICT


GREATER SACRAMENTOCalifornia’s sixth-most populous metro, momentum in job growth has slowed in the Golden State’s capital of Sacramento. While outsized recessionary losses and subsequent subpar job growth left this market behind in the recovery, employment gains have largely outpaced the national average since 2012. However, job growth slowed in 2018 for a third consecutive year and furthermore, has trailed the U.S. rate since 18Q3. Year-over-year employment gains in 2018 came in at 1.3%. By comparison, job growth reached a year-end cyclical peak of 3.7% in 2015.

Professional and Business Services, as well as Leisure and Hospitality, have been among the strongest growth sectors this cycle. The Education and Health Services sector has been the largest contributor to job growth since the bottom of the downturn, and again led the way in 2018. Total employment in this sector is about 35% above its prerecession peak. Within the Professional and Business Services sector, administrative and support jobs have benefited, due to the metro’s low business costs attract firms with back-office operations.

Modest gain are expect in the long-stagnant state and local Government sector, which is by far the largest component of the metro’s workforce. Government

employment constitutes 25% of all jobs in the metro, the highest share of Government employment in the country, topping even Washington, D.C. in public sector employment.

Sacramento’s relative affordability remains one of its biggest draws. Household growth has continued to surpass the rate of single-family and apartment deliveries, and forecasts show that population growth over the next five years will continue to outpace the national average. In recent years, Bay Area residents, as well as people in Los Angeles and San Diego, have shown interest in Sacramento to escape exorbitant housing costs. Bay Area residents continue to conduct the largest share of Sacramento apartment searches outside of metro residents.

Economic growth will likely trail that in the best markets. It is doubtful that Sacramento will benefit from outsized gains in the near term unless the Government sector starts adding a significant number of jobs. Despite California’s improving finances, the state is not likely to add many jobs anytime soon. Moreover, ballooning pension obligations over the longer term will hinder California. Nevertheless, the government has recovered all jobs lost during the recession and the general fund

REGIONAL ECONOMY

has increased to an all-time high for 2018–19. Some of these funds will go toward public universities, which will allow for the enrollment of more in-state students.

Job growth in administrative and support services will continue, buoyed by lower business costs than in nearby metros. While Sacramento’s affordability can lead to growth in back-office operations, unfortunately this metro lacks the high concentration of well-educated workers needed for strong prospects in high-value-add industries.

Tech employment does exist in Sacramento, as Apple, Intel, Micron Technology, and Hewlett Packard Enterprises each have operations here. Tech startups have a presence as well, including some who relocated from the Bay Area. However, Silicon Valley is only about 100 miles away and operates in an entirely different world for attracting high-income, usually tech-oriented employment. Even though rents in Sacramento are half of San Francisco’s, tech tenants are hesitant to relocate here because the Bay Area’s venture capital firms, engineering schools, and entrenched culture offer better incentives.

THE BRIDGE DISTRICT AERIAL VIEW


Sacramento’s office vacancies have compressed to single-digits due to job growth typically outpacing the national average, steady demand, and limited new inventory. The government propels demand for office space, but the metro will soon receive a boost from the private sector—a Fortune 100 company chose Sacramento as its home for a new regional headquarters. Centene, a St. Louis-based health insurer and Fortune 100 member, is contructing a five-building, 1.25-million-SF campus in North Natomas. The approximately 70-acre site is located between Interstate 5 and E. Commerce Way, adjacent to Sleep Train Arena. To lure Centene, the City of Sacramento approved a $13.5 million incentive package, based on the company creating 5,000 jobs and 1,500 net new jobs. Co-working giant WeWork announced its metro entrance when the company leased 47,000 SF at Downtown’s Wells Fargo Center. Sacramento is home to a number of boutique co-working firms, but WeWork’s lease at 400 Capitol Mall marks the company’s first venture in Sacramento; the location opened in late 2019. WeWork plans to open a second metro location in 2021; the company signed a 96,000-SF lease for three of the four floors at 660 J Street in downtown Sacramento.

SUPPLY & DEMAND

The vacancy rate of late has virtually matched the national rate, a rare occurrence in Sacramento. The tight occupancy levels have allowed for strong rent growth in recent years that has usually been unobtainable here. New supply has been limited, but the development pipeline is showing signs of life: About 2,400,000 SF is currently under construction. However, as with most new inventory this cycle, the majority of projects are build-to-suits.

Sacramento offers relative proximity and significantly

SACRAMENTO REGION OFFICE OVERVIEW

discounted rents to the Bay Area and the metro siphons some large-scale tenants from its southern neighbor. Most companies that have relocated to Sacramento in recent years are of a smaller scale, including a handful of tech start-ups, some of which are located in co-working spaces.

RENT GROWTH & AFFORDABILITY

Rent growth in Sacramento is not only strong compared to the historical average, but also is garnering national attention. After years of negative or minimal gains, growth accelerated in 2015 as demand soared: Net absorption established a cyclical peak of more than 1.5 million SF. As of 20Q1, rent growth more than doubled the U.S. average, and was ranked among the strongest in the nation. Annual rent growth is currently 4.1%. The average asking rent is currently $25.58/SF. This is a relative bargain compared to those in the Bay Area. Rates in Sacramento are less than half of those in both San Francisco and San Jose and offer around a 35% discount to the East Bay.

INVESTMENT ACTIVITY

Investment activity in 2019 topped $1 billion for the fourth consecutive year. In October, Singapore-based Manulife US Real Estate Investment Trust, a subsidiary of Toronto-based Manulife Financial Corporation, acquired Wells Fargo Center at 400 Capitol Mall for $198.8 million ($397/SF). Another Downtown building that changed hands was Emerald Tower at 300 Capitol Mall. In June, a joint venture of The Evergreen Company and United Auburn Indian Community acquired the asset for $127 million ($329/SF). Many recent trades of note took place in prominent suburban office nodes, such as the Highway 50 Corridor, Point West, and Roseville. The average sale price has reached $200/SF.

MARKET STATS

Number of Buildings 5,200

Market Size (SF) 106,000,000

Vacancy Rate 8.7%

Availability Rate 10.9%

SF Vacant 9,200,000

SF Under Construction 2,400,000

SF Delivered in Last 4 Quarters 500 ,000

ABSORPTION

VACANCY

RENTAL RATE

NEW CONSTRUCTION


Sacramento receives its share of tourists and visitors. Nonetheless, as a travel destination, the metro sits in the shadows of the Bay Area and its myriad high-end retail options. Purchasing power is healthy, as Sacramento’s job growth has been strong for most years this cycle, and incomes are roughly in line with the California median. As is typical of many markets, traditional malls, shopping centers, and necessity-based stores dominate the retail footprint. Still, a small handful of unique redevelopment projects in recent years may be changing perceptions. Downtown Sacramento appears to have momentum as a Live/Work/Play destination on the heels of the Golden 1 Center reaching its third year of operations.

SUPPLY & DEMAND

A dearth of construction combined with steady demand has had a positive impact on fundamentals. To begin 2020, vacancies reached an all-time low, and rent growth was among the strongest in the nation. Sacramento’s retail vacancies reached an all-time low to finish 2019. Demand for retail space in Sacramento has been positive every year in this cycle, and 2019 was healthy: Net absorption was at 1 million SF for the sixth time this cycle. However, in 2017, net absorption soared to 2 million SF for the first time since 2007. Fitness clubs and experiential retailers have signed many of the largest deals of late. While supply gains this cycle have been meager, activity has picked up significantly in recent years; a number of large-scale projects began, and 2017–18 combined for the two strongest back-to-back years of the decade for deliveries.

SACRAMENTO'S RESURGANCE

Downtown is in the midst of a resurgence. In its third year, Golden 1 Center appears to be boosting

SACRAMENTO REGION RETAIL OVERVIEW

downtown’s visibility as an area destination. According to the city of Sacramento, the arena, named 2017 Sports Facility of the Year by the Sports Business Journal, is drawing 1.6 million more visitors to downtown. In its first 24 months of operation, Golden 1 Center hosted over 125 sold-out events.

Downtown’s renewed interest is buttressed by Downtown Commons (DOCO). Envisioned as a regional retail and entertainment destination, the lifestyle center has delivered more than 600,000 SF of retail space and 250,000 SF of office space to the heart of downtown, revitalizing the six city blocks around Golden 1 Center. DOCO is anchored by the Kimpton Sawyer Hotel and numerous retailers, including Century Theatres, Punch Bowl Social, Yard House, and 24 Hour Fitness.

AFFORDABILITY

Rent growth has been very solid through 2019. The average asking rent is $20.48/SF. Even with many years of positive growth, asking rents still trail the prerecession peak by approximately 10%. Compared with nearby metros, Sacramento’s average rents are about 10% greater than Stockton’s but around 35% less than East Bay’s.

INVESTMENT ACTIVITY

The local sales market was similar to most recent years in 2019. Investment volume easily surpassed the annual historical average, largely due to increased pricing; preliminary figures indicate the average transactional price surpassed 2017's previous high by approximately 5-10%.

MARKET STATS


Market Size (SF) 108,000,000

Vacancy Rate 5.9%

Availability Rate 7.4%

SF Vacant 6,200,000

SF Under Construction 425,000

SF Delivered in Last 4 Quarters 391,000

ABSORPTION

VACANCY

RENTAL RATE

NEW CONSTRUCTION


Multi-Family demand in Sacramento has easily outpaced the tepid amount of new construction this cycle. Fueled by job growth largely outperforming the national average, strong in-migration and home prices that have become increasingly unaffordable for many metro residents, vacancy has fallen below U.S. levels.

SUPPLY & DEMAND

Sacramento’s lack of new construction, demographic trends, and solid economy has propelled significant occupancy gains this cycle. The vacancy rate is currently 5.2% and Multi-Family vacancies have fallen well below national levels. Consistent with historical trends, Sacramento draws some of the strongest per capita migration in California, particularly from the Bay Area and southern California, which has helped to boost demand. From 2012-16, a combined 30,000 residents relocated to Sacramento from the San Jose and Los Angeles metros, respectively. Furthermore, according to Apartments.com, more than 25% of year-to-date searches for Sacramento apartments came from Bay Area residents (as of January 2020).

RENT GROWTH & AFFORDABILITY

As a result, rent growth has been robust for many years. While gains have cooled since 2016, when Sacramento led the nation in rent growth at a near double-digit pace, year-over-year gains have remained well above the national average. Elevated demand, boosted by the healthy economy, rising home prices, and Bay

SACRAMENTO REGION MULTI-FAMILY OVERVIEW

Area and southern California residents searching for affordability, has far outpaced the limited number of deliveries this cycle. These dynamics have created a very tight Multi-Family market and have given landlords the leverage to push rents aggressively in recent years. Rent growth averaged almost 9% from 2015-17, and reached an all-time peak of more than 10% in 2016. Annual rent growth is currently 4.0%. It is important to note that rent growth since 2015 has far outpaced income growth, and as of late, the average rent in Sacramento consumed around 25% of median household income. One of Sacramento’s main draws, affordability, may lose some of its luster if rent growth continues to exceed income gains by a large margin. However, despite the surge in recent years, Sacramento’s average rent is still just a fraction of those in the Bay Area.

In 2019, multi-family deliveries soared to a cyclical peak. More than 1,400 new units were built, marking the second consecutive year Sacramento gained at least 1,000 new apartments. The last time 1,000 or more units delivered in back-to-back years was in 2005–06. Recent notable deliveries include the 19J Apartments, which features micro 400 SF units and they are 100% leased at rents well above $3.50/SF.

MARKET STATS


Vacant Units 6,700

Vacancy Rate 5.2%

Market Rent/Unit $1,415

Market Sale Price/Unit $192,000

Units Under Construction 2,300

Units Delivered in Last 4 Quarters 1,400

ABSORPTION

VACANCY

RENTAL RATE

NEW CONSTRUCTION


08NEARBY

AMENITIES

NEIGHBORHOOD AMENITIES

SITE

RALEY FIELD

GOLDEN 1 CENTER

1 Burgers and Brew

2 Brodericks

3 Joes Crab Shack

4 Il Fornaio

5 Firehouse

6 House Kitchen & Bar

7 Mortons Steakhouse

8 Echo & Rig Steakhouse

9 Takumi Izakaya

10 Yard House

1 Crocker Art Museum

2 California Museum

3 Drakes Barn

4 IMAX Theatre

5 Revival

6 Embassy Suites

7 Sutter Club

8 24 Hour Fitness

9 Downtown Sac Ice Rink

10 Coin-Op

Social Night Club

Hyatt Regency

Fizz Champagne & Bubbles Bar

American River

West Sacramento River Front Bike/Walking Path

RESTAURANTS RETAIL /LIFESTYLE CAFES / COFFEE / TEA

1 Peet’s Coffee & Tea

2 Chocolate Fish

3 Old Soul

4 Sellands Café

5 Café Bernardo

6 Starbucks Reserve

7 Insight CoffeeTRANSIT

1 5th at Bridge NB

2 Capitol at Raley Field

STATE CAPITOL

12

3

4

5

6

9

8

7

1

23

4

5

6

7

8

910

1112

14

15

7

1

3

2

4

5 6

1

2

Am

eric

an R

iver

11

12

13

14

15



09WEST

SACRAMENTO DEVELOPMENTS

BOTHELLThe Good ProjectDeveloper: Bardis Homes, Next

Generation Capital

27 single-family townhomes ranging from 1,200 SF-2,000 SF

Construction Complete

301 D StreetDeveloper: American National Investments

40 Apartments

Developer is acquiring property

SITE

WestDeveloper: Yackzan Group

273 apartments & 16K SF of retail space.

Construction has not started

The SavoyDeveloper: Bardis Homes

25 single-family and duplex homes in the Washington

Square district

Construction should start in fall 2018 and will take about 18

months.

BOTHELLHorizon Mixed-Use

Developer: Bardis Homes

25 single-family and duplex homes in the Washington

Square district

Construction should start in fall 2018 and will take about 18

months.

BOTHELLDelta Lane

Developer: CA Ventures

Five-story, 256 apartments

Design plans were approved March 2018.

BOTHELLThe Foundry

9 single-family homes and a 69unit apartment building

dubbed The Foundry.

Completed Late 2018

The BridgeDeveloper: Fulcrum Property

Market-rate, three-story apartment project with 55 units

Status: Construction Complete

BOTHELL980 CentralDeveloper: Fulcrum Property

Market-rate, three-story apartment project with 55

units

Status: Construction Complete



10DOWNTOWN/

MIDTOWN DEVELOPMENTS

The Docks ProjectEntitled for 1,100 housing units, 3.3k parking spaces,

and 50k SF office space

Proposed

19J175 apartments and 6,600 square feet of retail space

in an 11-story structure.

Under construction; Spring 2019 expected completion

3rd & Broadway AptsFour-story, 59-market rate apartment complex along with self-storage and retail

Under construction; completion in 2020

Press BuildingRedevelopment of Sacramento

Bee parking garage into 277 apartments and 8,000 square

feet of retail.

Under Construction. Expected completion; Spring 2020

Q19Four-story, 68-unit apt

project with 2,000 square feet of retail space.

Completed: Mid-2018

1430 Q75 luxury apartments above about 9,000 square feet of

retail 8.5-story building

2020 expected completion

17 Central

111 apartments above 1,608 square feet of

ground floor retail space

Expected completion by end of 2022

The Mill at BroadwayNew community with 1,000 homes centered around a

4-acre park and The Market Building at The Mill

Partially completed; full completion in 2021 10U

Four-story project of 21 apartments over 2,700

square feet of retail

Under Construction; completion in Fall 2020

The CarlawA three-story project of 26

apartments and 16,000 square foot retail space

Completed in 2019

The Railyards244-acre development: 1m million SF of retail, 5m SF

of office, housing, theaters, parks, hotels, museums,

hospital, and a Major League Soccer stadium

Under Construction; full completion in 2023

DOCO & The Golden 1 Center

State of the art, new shopping center and

Sacramento Kings arena with Kimpton Hotel

Completed in 2019

Ice Blocks142 loft residences and over

100,000 SF of office and retail space

Completed in 2018

SITE



11COMPARABLES


EVIVA1531 N St, Sacramento CA

Sale Date 09.01.2018

Sale Price $53,000,000

Total Units 118

Price Per Unit $449,153

01

MULTI-FAMILY SALE COMPARABLES

2207 N STREETSacramento, CA



Total Units 10


02

LOFTS AT THE CHESTNUT1900 O Street, West Sacramento, CA



Total Units 7


03

POWERHOUSE1606 P Street, Sacramento CA



Total Units 50


04

MIDTOWN QUARTERS1907 Q Street, Sacramento CA



Total Units 68


05

WINN PARK LOFTS2813 Q Street, Sacramento CA



Total Units 9


06


1818 X STREETSacramento CA


Sale Price $1,060,000 ($55.12/SF)

Land Area 0.44 AC (19,232 SF)

# of Units Planned 41 Units (Apartments)

01

MULTI-FAMILY LAND COMPARABLES

1208 32ND STREETSacramento, CA


Sale Price $1,200,000 ($71.42 SF)


# of Units Planned12 Units (Townhomes for Sale)

02

500 DOUGLAS STREETWest Sacramento, CA


Sale Price $10,950,000 ($14.79/SF)



03

2109-2117 L STREETSacramento CA


Sale Price $1,475,000 ($73.76/SF)


# of Units Planned6 Units (Townhomes for Sale)

04

1717 S STREETSacramento CA


Sale Price $3,124,000 ($60.78/SF)



05

2920 RAMONA AVENUESacramento CA


Sale Price $9,505,868 ($25.67/SF)



06


830 JEFFERSON BLVDWest Sacramento, CA


Sale Price $3,075,000 ($30.73/SF)


Proposed Use Retail Redevelopment

01

COMMERCIAL LAND COMPARABLES

1331 T STREETSacramento, CA


Sale Price $1,850,000 ($41.17/SF)


Proposed Use Office Redevelopment

02

1309-1313 BROADWAYSacramento, CA


Sale Price $1,500,000 ($77.19/SF)


Proposed Use Retail Redevelopment

03

NE JEFFERSON BLVD & GATEWAY DRWest Sacramento, CA


Sale Price $2,929,000 ($10.01/SF)


Proposed Use Assisted Living

04

1601 H STREETSacramento, CA


Sale Price $2,350,000 ($91.80/SF)


Proposed Use Hotel

05

2416 9TH STREETSacramento, CA


Sale Price $768,000 ($20.32/SF)


Proposed Use Mixed-Use

06


LOCATION MAP

WESTSACRAMENTO

ROSEVILLE

ARDEN ARCADE

NATOMAS

NORTH SACRAMENTO

NATOMAS

MIDTOWN

GOLDEN 1 CENTER

STATE CAPITOL

DOWNTOWN

SITE LOCATION STATISTICS

0.5 Miles to Downtown Sacramento

1 Mile to the Golden One Center

1 Miles to the Capitol Building

1 Mile to Sacramento Railyards District

1.5 Miles to Midtown Sacramento

20 Miles to Roseville & Folsom/El Dorado Hills

12 Miles to Sacramento Intl. Airport

85 Miles to Downtown Oakland

88 Miles to Downtown San Fransisco

100 Miles to Lake Tahoe


12COMPANY

OVERVIEW

KIDDER MATHEWS OVERVIEWWe know the West Coast. In fact, we’re its largest independent commercial real estate firm. Our team boasts 800 local market specialists and top-producing professionals—serving out of 22 offices across five states. The expertise of each local office is reinforced by the relationships, intelligence, and experience of our entire firm.

WE DON’T JUST KNOW THE MARKET, WE DRIVE IT

It’s no secret that having a team deeply embedded in your market gives you the edge. Our professionals deliver insights that go beyond data and identify

unexpected avenues for growth. This ensures our clients are armed to capitalize on market trends in the most competitive real estate markets in the West.

We offer a complete range of brokerage, appraisal, property management, consulting, project and construction management, and debt and equity finance services for all property types, giving our clients the competitive edge they need.

SOUTH SEATTLE

PORTLAND

SACRAMENTO

OLYMPIA TACOMA

SEATTLE

BELLEVUE

RENO

SAN FRANCISCO

SILICON VALLEYREDWOOD SHORES

ROSEVILLE

PHOENIX

SAN DIEGO

PASADENA/TRI-CITIES

EL SEGUNDO

INLAND EMPIRE

ORANGE COUNTY

CARLSBAD

DOWNTOWN LA

WEST LA

PLEASANTON

AWARD-WINNING SERVICES

Largest Commercial RE Firm 7yrs

Top Leasing Firm in Sacramento 3yrs

Top Sales Firms 2yrs

Fastest Growing Companies 6yrs

NREI Top Brokers 7yrs

Bay Area News Group Top Work Places 7yrs

COMMERCIAL BROKERAGE

$9B ANNUAL TRANSACTION VOLUME

400+ NO. OF BROKERS

VALUATION ADVISORY

1,600+ASSIGNMENTS ANNUALLY

36/23 TOTAL NO. OF APPRAISERS / MAIS

PROPERTY MANAGEMENT

60M+ SF UNDER MANAGEMENT

860-870 RISKE LANE OFFERING MEMORANDUM 36

KIDDER.COM

EXCLUSIVELY REPRESENTED BY

KEVIN SHEEHAN


TYLER BOYD


JOSH KUCHUGURNY


Documents

FOR SALE...its waterfront real estate. The property in total is 2.87 acres consisting of two parcels (1.16 AC & 1.71 AC). The property is located at the northwest corner of 5th and