p r o p e r t y f o r s a l e

S a n J o s e , C A 9 5 1 2 6

MARIE ANDERSONLic 00919144408 453 7468marie.anderson@cbre.com © 2020 CBRE, Inc. All Rights Reserved.

contents 0 1

Th e O f f e r i n g & P r o p e r t y I n f o r mat i o n

0 2 Lo c at i o n &

Mar k e t Ove r vi e w

0 3 I nve st m e n t H i g h l i g h ts

0 4 Am e n i t i e s

AFFILIATED BUSINESS DISCLOSURE

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

CONFIDENTIALITY AGREEMENT

Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

DISCLAIMER

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. PMStudio_September2020

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e x ec u t ive s u m mar y

THE OFFERINGPROPERTY OVERVIEW

The subject property is a single-story commercial building with a total of 3,600 square feet and is demised into three separate areas.

The building is cinder block with a beautiful stone façade storefront. The building has a flat roof with a tar and gravel covering.

Current use of Beauty Salon – Personal Services in the front of the building. The middle of the building currently is built out as a living quarters. The rear of the building is an improved auto garage with several amenities.

There is storefront parking and also street parking nearby.

Behind the garage is a working yard area and the rear of the property has a storage and work area structure.

The ingress /egress and driveway are shared with adjacent property.

DO NOT DISTURB TENANTS, PLEASE CONTACT AGENTS

PROPERTY INFORMATION

PRICE

$2,700,000

APN

277-20-018

BUILDING SIZE

3,600 SF

LOT SIZE

9,450 SF

YEAR BUILT

1958

PERFECT OWNER/USER OR INVESTOR OR DEVELOPER OPPORTUNITY

5

PARCEL MAP

26413

27414

19

18

21

WEST SAN CARLOS STREET

BLOCK 2 BLOCK 1DOUGLAS STREET

MER

IDIA

N A

VEN

UE

PAG

E ST

REE

T

WIL

LAR

D A

VEN

UE

35 36 37 38 39 40

41

42

43

44

45

46

47

48

222324

25

26

27

2829

30

31

32

33

34

62

63

PTN. LOT 1

PTN. LOT 1

PTN. LOT 165

64

5

4

3

2

1 20

19

18

17

16

21

49

50

51

6

SALON

LIVING QUARTERS

LIVING QUARTERS

GARAGE WITH LIFTAREA AROUND SUBJECT PARCEL

361 MERIDIAN AVE

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lo c at i o n & Mar k e t ove r vi e w

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LOCATION & MARKETOVERVIEW

The Subject Property is located in the Midtown and the Buena Vista area of San Jose. This area is benefitting from the interest from developers and from new commercial and residential tenants.

Midtown San Jose is ½ block from the subject property and is a mixed use commercial and residential district of San Jose. The subject property is also close to the southwest of Downtown San Jose and east of West San Carlos. This area is in San Jose’s West San Carlos Urban Village Planning Area and is part of the Envision San Jose 2040. This 129-acre area represents a major commercial strip connecting the key nodes of Downtown San José, Diridon Transit Center, and Santana Row/Valley Fair Mall. The Valley Transportation Authority (VTA) is planning High-Intensity Urban Transit service along West San Carlos/Stevens Creek Corridor, connecting Downtown San José and San José State University with Cupertino and De Anza Community College. Given this location and access to transit, the West San Carlos Urban Village area is anticipated to experience significant new development and growth in the coming years.

The San Jose City Council has approved numerous specific plans for key locations in San José to foster transit-oriented development, historic preservation, mixed uses, sensitivity to surrounding neighborhoods, and other strategic goals. Each specific plan explains the vision for future land use development in the plan area with a detailed land use plan, design guidelines, and implementation strategy.

The subject property falls in the Specific Plan of Mixed Use residential-Urban Village which calls for a new mixed-use community that could include high-density commercial and residential uses oriented towards transit, while maintaining some of the industrial and service commercial uses.

· Property is located in a transition area with many new Mixed-Use Developments of Multi- Family Residential & Commercial/Retail Services

· Located in Buena Vista/Midtown San Jose, on Meridian Ave in Between Douglas St & West San Carlos Ave

· Highly Underserved Trade Area

*Buyer to verify with City of San Jose9

DOWNTOWN SAN JOSE

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SALON

LIVING QUARTERS

LIVING QUARTERS GARAGE

KITCHEN

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DEMOGRAPHICS

1 Mile

3 Miles

5 Miles

POPULATION36,833 (1 Mile)

244,301 (3 Miles)661,859 (5 Miles)

POPULATION GROWTH0.97% (1 Mile)

0.97% (3 Miles)0.69% (5 Miles)

MEDIAN AGE35.6 (1 Mile)

35.6 (3 Miles)36.2 (5 Miles)

AVG HH INCOME$133,795 (1 Mile)

$139,457 (3 Miles)$140,325 (5 Miles)

AVG HH SIZE2.49 (1 Mile)2.51 (3 Miles)2.84 (5 Miles)

RETAIL SPENDING$xx (1 Mile)

$xx (3 Miles)$xx (5 Miles)

Source: Esri

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03

I nve st m e n t H i g h l i g h ts

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INVESTMENT HIGHLIGHTSThe subject property is located in the heart of Silicon Valley, one of the wealthiest and fastest-growing areas in the United States. San Jose has a population of over 1,000,000 residents. The property is near one of the most heavily traveled freeways in the Bay Area (Highway 280). The subject property is near Downtown San Jose, Downtown Willow Glen, Rose Garden District, close in proximity to Santana Row, the premier destination for shopping, dining and living and Westfield Valley Fair Mall one of the largest malls in the United States and has the highest-sales volume in California, with $1,200 per square foot a mere ± 3 miles away.

The subject property at 361 Meridian Ave is located a block from Meridian at Midtown. This is location is in midtown San Jose, less than a mile away from the planned Google campus which will house over 20,000 employees. Meridian at Midtown is a Multi family mixed use project that includes 218 apartment units with 14,177 SF of premier retail space serving the local community and enhancing the revitalized neighborhood.

The Midtown district of San Jose, CA and around the surrounding area are conveniences like Starbucks, Safeway, Walgreens and neighborhood favorite brunch spot, The Breakfast Club at Midtown. Venture farther you can to shop and eat at Santana Row or Westfield Valley Fair or cheer on the San Jose Sharks at the SAP Center.

Perhaps best of all is the convenient central location, minutes from Caltrain and the VTA Light Rail and close to major commute routes on highways 87, 17, I-880, and I-280–putting all of Silicon Valley within easy reach.

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INVESTMENT HIGHLIGHTS

04

Am e n i t i e s

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AMENITIES

Source: TrafficMetrix (2018)

21,9

96 A

DT

21,9

96 A

DT

22,7

66 A

DT

22,7

66 A

DT

25,049 ADT25,049 ADT

16

Source: TrafficMetrix (2018)

MARIE ANDERSONLic 00919144408 453 7468

marie.anderson@cbre.com

S a n J o s e , C A 9 5 1 2 6