FOR SALE - Northgate Commercial Real Estate · Oakland, California LEASING ABSTRACT 4917 International Boulevard SINGLE-TENANT NET LEASED INVESTMENT LEASE COMMENCEMENT: Close of Escrow

www.ngcip.com | Broker # 01910787

T (209) 477-4400 | F (209) 476-7344

Single-tenant Net Leased Investment

4197 International BoulevardOakland, California

Bill Johnson| Investments Partner(209) 546-6051

[email protected] # 01992157

FOR SALE Chris Santana | Vice President(925) 203-1106


Xavier Santana| President(925) 226-2455


Confidentiality & Disclosure Agreement

Sacramento, California Reno, Nevada

Northgate Commercial Real Estate (“Broker”) has been authorized by the Seller of the Property (“Seller”) to prepareand distribute the enclosed information for the purpose of soliciting offers to purchase from interested parties.Additional information in the possession of the Seller including but not limited to financial, tenant, title, and buildingcan be made available upon request following the mutual execution of letter of intent (LOI) and/or Purchase andSale Agreement (PSA). All prospective Buyers may at the request of Seller, be required to submit financials andreferences to demonstrate Purchasers ability to close on the purchase of the property. The eventual Purchaser shallbe selected on the Sellers assessment of the price, terms, and the ability to close the transaction and such conditionsas set for in the contract. Seller, reserves the right to simultaneously negotiate with multiple Purchasers at Seller’s solediscretion. Prospective purchasers and their agents may not enter the property or disturb the tenant without Brokersconsent. All property tours shall be conducted by appointment only and must be coordinated by Broker. All theinformation contained in this offering memorandum has been obtained by sources deemed reliable but are notguaranteed. Prospective Purchasers shall bear the responsibility of conducting their own investigations on theproperty and review of the due diligence materials as provided by the Seller.

2

PROPERTY SUMMARY727 South Broadway

Table of Contents

© 2017 Northgate Commercial Real Estate. We obtained the information above fromsources we believe to be reliable. However, we have not verified its accuracy and makeguarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing,or withdrawal without notice. We include projections, opinions, assumptions or estimatesfor example only, and they may not represent current or future performance of theproperty. You and your tax an legal advisors should conduct your own investigation of theproperty and transaction.

Investment Summary

Executive & Investment Summary

Leasing Abstract

Marketing Information

Market Profile

Market View

Property Overview

Property Summary

Tenant Profile

Kelly-Moore Paints

Demographics

4

7

11

13

17

Exclusively Listed By:

Chris Santana | Vice President

(925) 203-1106

[email protected]

License # 01868378

Xavier Santana | President

(925) 226-2455

[email protected]

License # 01317296

Bill Johnson| Investments Partner

(209) 546-6051

[email protected]

License # 01992157

INVESTMENT SUMMARY

Austin, Texas

MARKET VALUE: $3,420,000

PRICE/SQUARE FOOT: $267.82

CAP RATE: 6.72%

NOI: $229,860

OCCUPANCY: 100%

GLA: ±12,770 SQ FT

LOT SIZE: ±0.38 Acre

PROPERTY SUMMARY3600 Sisk Road · Modesto, California

EXECUTIVE & INVESTMENT SUMMARY4917 International Boulevard Oakland, California

5

Investment Summary:

Asset Highlights:

• Lease with Kelly-Moore Paint Company Corporate

• New Ten (10) Year Net Lease commencing upon close of escrow

• Located on major Oakland thoroughfare, surrounded by dense

residential

• Area Co-Tenants include Valero, Smart & Final, Cardenas Market,

Chevron, Mountain Mike’s Pizza, 7-Eleven, O’Reilly Auto Parts, U-Haul,

Gatorade Factory, Quaker Oats Factory + more

SINGLE-TENANT NET LEASED INVESTMENT

Oakland, California

LEASING ABSTRACT4917 International Boulevard


LEASE COMMENCEMENT: Close of Escrow

TERMS: 10 years

OPTIONS: 5 Options – 5 years each

RENT COMMENCEMENT: Close of Escrow

RENTAL INCREASES: 8% Every 5 years (base & option terms)

LEASE EXPIRATION: 10 years following Lease Commencement

DEPOSIT: None

LEASE TYPE: NNN

LANDLORD RESPONSIBILITES:

Maintenance/replacement of the roof, structure, parking lot, exterior walls,

utilities, HVAC (replacement only). Amortization of capital expenditures

allowed subject to Lease Terms

TENANT RESPONSIBILITIES:Taxes, Insurance, and maintenance of the grounds, including the

landscaping, glass replacement, and HVAC repairs/service contracts

Kelly-Moore Paints

MARKET INFORMATION

8


MARKET INFORMATION4917 International Boulevard Oakland, California

The city of Oakland is located on the eastern side of the San

Francisco Bay and home to an estimated 420,000 residents –

the 8th largest city in California.

• Approximately 30,000 businesses and 270,000 employees contribute to

the service and economical growth of the greater Oakland area.

• Median household incomes exceed $60,000 in 2017

• An estimated 160,000 households within the city limits and expected to

exceed by 1.2% in 2022

Oakland, California

Organization Product/Service Employees

Kaiser Permanente Hospital >11,000

Southwest Airlines Airline >2,600

UCSF Benioff Children’s

Hospital Hospital >2,400

Alta Bates Summit Medical

CenterMedical >2,200

UPS Postal >2,200

Top Employers:



Market View – Southern View4917 International Boulevard Oakland, California



Market View – Eastern View4917 International Boulevard Oakland, California


PROPERTY OVERVIEW


PROPERTY SUMMARY4917 International Boulevard

Location: 4917 International Boulevard| Oakland, CA

APN: 034-2257-001

GLA: ±12,770 SQ FT

Lot Size: ±0.38 Acre

Year Built: 1944

Zoning: RU-5

Traffic Counts: International Blvd. @ Site: ± 25,000 ADT

Oakland, California


TENANT PROFILE

Mission

To provide high quality, innovative products with exceptional

service

at a fair value.

History

In 1946, William H. Kelly and William E. Moore recognized the

unique needs of professional painting contractors for top-

quality paint products and knowledgeable, efficient service at

a fair price. This philosophy has allowed Kelly-Moore to grow

from a single manufacturing facility and store in San Carlos,

California, to one of the largest employee-owned paint

companies in the United States. Its reputation for quality

products is unsurpassed in the industry. The company produces

some of the most technologically advanced paint products

and sets the industry standard for new product development

and quality control, and retains the reputation of "The Painter's

Paint Store.”

About Kelly-Moore Paints

TENANT PROFILE727 South Broadway Oakland, California


Not Just Your Neighborhood Paint Store

Kelly Moore has approximately 1,300 employees with nearly 150

retail paint stores and 120 Independent Dealers.

Employee Owned – You are working with an owner. In 1998,

Mr. and Mrs. William E. Moore established the Kelly-Moore Paint

Company Employee Stock Ownership Program (ESOP).

Creating this program ensured the Moore Family tradition of

providing only the highest level of service will continue for years

to come.

Each employee-owner is committed to offering the best paint

products along with exceptional customer service everyday.


TENANT PROFILE4917 International Boulevard

15


Oakland, California


Manufacturing - Made in America Since 1946

Kelly-Moore has two strategically located, state-of-the-art

manufacturing facilities in key markets: San Carlos, California

and Hurst, Texas (outside Dallas). Our reputation for quality

products is unsurpassed in the industry. Kelly-Moore produces

some of the most technologically advanced paint products

and sets the industry standard for new product development

and quality control.

Our manufacturing facility in San Carlos is also the recipient of

five widely recognized green business awards from the State of

California and San Mateo County for outstanding efforts to

reduce pollution and solid waste and conserve water, energy

and other natural resources.


TENANT PROFILE4917 International Boulevard

16


Oakland, California


Austin, Texas

DEMOGRAPHICS

1 MI RADIUS 5 MI RADIUS 10 MI RADIUS

POPULATION

2017 Estimated Population 38,381 271,651 487,617

2022 Projected Population 41,348 291,436 519,842

2010 Census Population 35,498 251,106 451,345

Projected Annual Growth 2017 to 2022 2,967 1.5% 19,785 1.5% 32,225 1.3%

Historical Annual Growth 2010 to 2017 2,883 1.2% 20,545 1.2% 36,272 1.1%

HOUSEHOLDS

2017 Estimated Households 11,182 91,841 183,430

2022 Projected Households 11,969 97,831 194,232

2010 Census Households 10,663 87,802 175,329

Projected Annual Growth 2017 to 2022 787 1.4% 5,990 1.3% 10,803 1.2%

Historical Annual Growth 2000 to 2017 382 0.2% 2,548 0.2% 9,864 0.3%

AVERAGE HOUSEHOLD INCOME

Estimated Average Household Income (2017) $63,664 $97,051 $112,857

Projected Average Household Income (2022) $72,870 $115,708 $136,313

Census Average Household Income (2010) $44,517 $64,200 $73,560

Projected Annual Change (2017-2022) $9,207 2.9% $18,658 3.8% $23,456 4.2%

Historical Annual Change (2000-2017) $21,007 2.9% $40,893 4.3% $50,297 4.7%

MEDIAN HOUSEHOLD INCOME

Estimated Median Household Income (2017) $18,617 $32,925 $42,617

Projected Median Household Income (2022) $21,158 $38,948 $51,085

Census Median Household Income (2010) $13,372 $22,448 $28,575

Projected Annual Change (2017-2022) $2,542 2.7% $6,023 3.7% $8,468 4.0%

Historical Annual Change (2000-2017) $6,389 3.1% $14,115 4.4% $19,084 4.8%

Austin, Texas

Demographics4917 International Boulevard Oakland, California

18


1 MI RADIUS 5 MI RADIUS 10 MI RADIUS

RACE AND ETHNICITY

Total Population (2017) 38,381 271,651 487,617

White (2017) 10,009 26.1% 84,080 31.0% 173,175 35.5%

Black or African American (2017) 8,796 22.9% 58,257 21.4% 96,175 19.7%

American Indian or Alaska Native (2017) 422 1.1% 2,155 0.8% 3,304 0.7%

Asian (2017) 5,958 15.5% 65,442 24.1% 123,678 25.4%

Hawaiian or Pacific Islander (2017) 319 0.8% 1,805 0.7% 2,613 0.5%

Other Race (2017) 11,031 28.7% 44,891 16.5% 60,427 12.4%

Two or More Races (2017) 1,846 4.8% 15,021 5.5% 28,244 5.8%

EDUCATIONAL ATTAINMENT (2017)

Adult Population Age 25 Years or Over 25,091 187,540 351,479

Elementary (Grade Level 0 to 8) 5,793 23.1% 26,566 14.2% 37,852 10.8%

Some High School (Grade Level 9 to 11) 3,299 13.1% 16,955 9.0% 24,922 7.1%

High School Graduate 4,943 19.7% 33,735 18.0% 56,892 16.2%

Some College 4,703 18.7% 37,067 19.8% 65,733 18.7%

Associate Degree Only 1,498 6.0% 11,398 6.1% 20,582 5.9%

Bachelor Degree Only 3,127 12.5% 36,244 19.3% 83,882 23.9%

Graduate Degree 1,726 6.9% 25,575 13.6% 61,616 17.5%

Any College (Some College or Higher) 11,055 44.1% 110,285 58.8% 231,813 66.0%

College Degree + (Bachelor Degree or Higher) 4,853 19.3% 61,819 33.0% 145,498 41.4%

HOUSING

Total Housing Units (2017) 11,784 96,368 191,515

Total Housing Units (2010) 11,856 96,499 191,505

Historical Annual Growth (2011-2017) -72 -0.1% -130 - 10 -

Housing Units Occupied (2017) 11,182 94.9% 91,841 95.3% 183,430 95.8%

Housing Units Owner-Occupied 4,095 36.6% 40,274 43.9% 79,109 43.1%

Housing Units Renter-Occupied 7,087 63.4% 51,567 56.1% 104,320 56.9%

Housing Units Vacant (2017) 603 5.4% 4,527 4.9% 8,085 4.4%

Business 11,784 96,368 191,515

Total Businesses 1,047 7,942 22,076

Total Employees 9,538 62,326 198,343

Demographics4917 International Boulevard Oakland, California

19


Information About Brokerage Services

Sacramento, California Reno, Nevada

1. DUTIES AND RESPONSIBILITIES: A BROKER who provides Brokerage Services to oneor both parties shall describe and disclose in writing the BROKER’s duties andresponsibilities prior to the party or parties signing a contract to sell, purchase,option, or exchange real estate. BROKERS shall have the following duties andresponsibilities which are mandatory and may not be abrogated or waived by aBROKER, whether working with one party, or working with both parties:

A. Treat all parties to the transaction with honesty and exercise reasonable skilland care;

B. Unless specifically waived in writing by a party to the transaction:1) receive all written offer and counteroffers;2) reduce offers or counteroffers to a written form upon request of anyparty to a transaction; and3) present timely all written offers and counteroffers

C. Inform, in writing, the party for whom the BROKER is providing Brokerage Serviceswhen an offer is made that the party will be expected to pay certain closing costsand the approximate amount of the costs;

D. Keep the party for whom the BROKER is providing Brokerage Servicesinformed regarding the transaction;

E. Timely account for all money and property received by the BROKER;

F. Keep confidential information received from a party or prospectiveparty confidential. The confidential information shall not be disclosed by aBROKER without the consent of the party disclosing the informationunless consent to the disclosure is granted in writing by the party orprospective party disclosing the information, the disclosure is required bylaw, or the information is made public or becomes public as the result ofactions from a source other than the BROKER. The following informationshall be considered confidential and shall be the only informationconsidered confidential in a transaction:

20

The following information shall be considered confidential and shall be the onlyinformation considered confidential in a transaction:

1) that a party or prospective party is willing to pay more or accept lessthan what is being offered,2) that a party or prospective party is willing to agree to financing termsthat are different from those offered,3) the motivating factors of the party or prospective party purchasing,selling, optioning or exchanging the property, and4) information specifically designated as confidential by a party unlesssuch information is public.

G. Comply with all requirements of the Oklahoma Real Estate Code and allapplicable statutes and rules;

H. When working with one party or both parties to a transaction, the duties andresponsibilities set forth in this section shall remain in place for both parties.

2. BROKERAGE SERVICES: Services are provided to both parties to the transaction.The Oklahoma BROKER Relationships Law (Title 59, Oklahoma Statutes, Section 858-351 – 858-363) allows a real estate BROKER to provide brokerage services to bothparties to the transaction. If the prospective BUYER wants to make an offer on theproperty, the BROKER must now provide a written notice to both the BUYER andSELLER that the BROKER is now providing brokerage services to both parties to thetransaction. The law states that there are mandatory duties and responsibilities thatmust be performed by the BROKER for each party.

3. CONFIRMATION OF DISCLOSURE OF DUTIES AND RESPONSIBILITIES: The duties andresponsibilities disclosed by the BROKER shall be confirmed in writing by each partyin a separate provision, incorporated in or attached to the contract to purchase,

option or exchange real estate.

Documents

FOR SALE - Northgate Commercial Real Estate · Oakland, California LEASING ABSTRACT 4917 International Boulevard SINGLE-TENANT NET LEASED INVESTMENT LEASE COMMENCEMENT: Close of Escrow