14812 EAST 14TH OFFERING MEMORANDUM

OFFERING MEMORANDUM

Urban Infill RedevelopmentMultifamily | Commercial

SA-3 Zoning | ±0.72 Acres

14812 EAST 14TH

SAN LEANDRO | CALIFORNIA

DISCLAIMER STATEMENT

This Offering Memorandum (“Memorandum” was prepared by Colliers International (“Colliers”) as part of Collier’s efforts to market

for sale the real property commonly known as 14812 East 14th Street (the “Property”) in San Leandro, California. Colliers is the

exclusive agent and broker for the owner of the Property (the “Owner”). Colliers is providing this Memorandum and the material

contained in it to prospective purchaser (each a “Purchaser”) solely to assist Purchaser in determining whether Purchaser is

interested in potentially purchasing all or part of the Property. Colliers is also providing this Memorandum and the material in

it to Purchaser with the understanding that Purchaser will independently investigate those matters that it deems necessary and

appropriate to evaluate the Property and that Purchaser will rely only on its own investigation, and not on Colliers, the Owner, or this

Memorandum, in determining whether or not to purchase the Property.

This Memorandum is a solicitation of interest only and is not an offer to sell, or a solicitation of an offer to buy, an interest in the

Property. Owner expressly reserves the right, in its sole and absolute discretion, to reject any or all expressions of interest or offers

to purchase the Property and expressly reserves the right, in its sole and absolute discretion, to terminate discussion with any

potential Purchaser at any time with or without notice. Owner shall have no legal commitment or obligation to any party reviewing

this Memorandum or making an offer to purchase the Property unless and until a written real estate purchase and sale agreement

is executed by Owner and Purchaser. Nothing contained in this Memorandum may be construed to constitute legal or tax advice to

Purchaser concerning the Property.

EXECUTIVE SUMMARY 1

PROPERTY SUMMARY 3

MARKET SUMMARY 5

DEVELOPMENT POTENTIAL 8

MAPS 11

AERIALS 15

CHRIS TWARDUSSenior Vice President+1 408 282 [email protected] License No. 000933014

TONY PARKSenior Vice President+1 510 433 [email protected] License No. 01961368

EXCLUSIVELY OFFERED BY:

TABLE OF CONTENTS

EXECUTIVE SUMMARYColliers International (“Colliers”), as exclusive broker, is pleased to offer for sale 14812 East 14th Street (the “Property”), in the City of San Leandro, California. The Property consists of ±2,832 square feet of building improvements and ±31,342 square feet (±0.72 acres) of land. Enterprise Rent-A-Car Co of San Francisco, LLC currently operates a used car sales business on the premises with plans to vacate the Property by the second quarter of 2019. The Property is located in the Gateway District of San Leandro at the southern end of the city’s East 14th Street Corridor. 14812 East 14th Street is directly adjacent to the Historic BAL Theatre and abuts residential homes to the north and a commercial property and mobile home park to the south.

The Property is zoned South Area – 3 (SA-3) and has a general plan land use designation of Mixed Use Corridor (MUC) allowing for a variety of regional and community-serving uses up to a maximum height of 50 feet, including office, commercial, retail and residential (with CUP). The current SA-3 zoning code is being re-examined by the City of San Leandro to allow for increased floor-area-ratio (FAR) that corresponds to the 50-foot building height limit provided for in the city’s general plan.

> Central Bay Area location with access to all major employment centers in San Francisco, East Bay, Peninsula and Silicon Valley.

> Close proximity to Bay Fair BART Station and Bayfair Center regional mall (1 mile away).

> Convenient freeway access to I-580 and I-880.

> Short driving distance to Downtown San Leandro and Oakland International Airport (10 to 15 minutes).

> 50-foot building height limit.

> Flexible SA-3 zoning allowing commercial and residential uses (with CUP).

> Located directly in front of AC Transit bus line #10 with service every 20 minutes to Bay Fair BART (5 minutes).

PROPERTY HIGHLIGHTS

1 COLLIERS INTERNATIONAL

OFFERING TERMS

14812 East 14th Street is being offered for sale at an asking price of $2,200,000. All interested parties should base their offer on the Property in its “as-is, where-is” condition. Qualified purchasers will be provided access to online property information upon request. Time for development approvals may be considered.

The Owner requests that all interested, qualified parties provide Colliers with a formal letter of intent outlining the terms and conditions under which Purchaser proposes to acquire the Property. In addition, a summary providing background information of the Purchaser, its principals and its transaction history, is requested.

PRICE $2,200,000

SITE AREA+/-31,342 SF +/-0.72 Acres

PROPOSED DEVELOPMENT Multifamily residential

DEVELOPMENT POTENTIAL 50 to 70 units (estimated)

OFFERING SUMMARY

14812 E. 14TH STREET, SAN LEANDRO 2

PROPERTY SUMMARY

ADDRESS14812 East 14th StreetSan Leandro, California 94578

APN’S 77E-1593-8

EXISTING BUILDING IMPROVEMENTS ±2,832 square feet

SITE AREA±31,342 square feet±0.72 acres

SITE CONFIGURATION Rectangular

SITE TOPOGRAPHY Flat

CURRENT USE Used Vehicle Sales

PERMITTED USESOffice, Commercial, Retail, Residential (with CUP)

GENERALPOLICE City of San Leandro

FIRE City of San Leandro

WATER East Bay Municipal Utility District (EBMUD)

SEWER City of San Leandro

TRASH Alameda County Industries (ACI)

STORM DRAINAGE City of San Leandro

GAS & ELECTRIC Pacific Gas & Electric

SERVICES


AERIAL OVERVIEW

AERIAL OVERVIEW

SUBJECT SITE

Hesperian Blvd.

BAY FAIR TODSPECIFIC PLAN AREA

GATEWAY DISTRICT

INTERSTATECALIFORNIA

880

Downtown Hayward


MARKET SUMMARYSan Leandro is centrally located in the San Francisco Bay Area’s Inner

East Bay submarket between Oakland and Hayward. Covering 15 square

miles, San Leandro has a population of more 90,000 consisting of 29%

Caucasian, 32% Asian/Pacific Islander, 40% Hispanic/Latino, 14%

African American, and 11% Other. Median household income is slightly

over $67,000 with 2.74 persons per household. Residents in San Leandro

are well-educated with more 28% having a Bachelor’s Degree or higher.

Unemployment is 3.1% and homeownership is 54%.

As of September 5, 2018, the median home sales price in San Leandro

is $689,500, or $498 per square foot, having risen 11.2% year-over-

year and 70.8% over the last five years (trulia.com). San Leandro is

well-known for its quiet, well-defined neighborhoods with charming and

unique older houses on tree-lined streets. San Leandro has a temperate

climate with an average temperature of 62 degrees and average rainfall

of 19 inches per year. Since 2015, the City of San Leandro has the fastest

broadband in the nation with over 18 miles of fiber optic network capable

of transmitting at up to 10Gbit/s. As of the second quarter of 2018, the San

Leandro/San Lorenzo industrial market consists of 27.5 million square

feet of industrial space with a vacancy of 2.1% (Colliers International).

> Median home sale price appreciation of 11.2% over last year and 70.8% over last five years.

> Population of more than 90,000.

> 28% with bachelor’s degree or higher.

> 54% homeownership.

> $689,500 ($498 per SF) median home sales price.

> $67,000 median household income.

> Low 3.1% unemployment rate.

MARKET FACTS


COMPANY Employees

San Leandro Unified School District 1,380

Kaiser Permanente Medical Group 1,032

City of San Leandro 582

Ghiradelli Chocolate Company 487

San Leandro Hospital 460

OSIsoft 364

Costco Wholesale 358

BCI Coca-Cola Bottling Co. 325

Wal-Mart 323

Paramedics Plus LLC 295

San Leandro – Largest Employers

*City of San Leandro, 2015 *San Francisco Business Times

COMPANY Employees

Kaiser Permanente 34,398

Sutter Health 10,184

Tesla 10,000

Safeway Northern California Division 9,373

John Muir Health 6,484

Chevron Corp. 5,252

PG&E Corp. 5,100

Wells Fargo & Co. 5,089

United Parcel Service (UPS) 4,500

Workday Inc. 3,135

East Bay – Largest Employers

> #3 of 4,804 Most Diverse Suburbs in America.

> Fastest broadband in the nation with over 18 miles of fiber optic network.

> Centrally located in the San Francisco Bay Area with access to all major employment centers.

> Easy commuter access to San Francisco and Downtown Oakland with two BART Stations.

> Temperate climate with average temperature of 62 degrees.

SAN LEANDRO HIGHLIGHTS


PROPERTY PHOTOS

Building Facade

Property Frontage – looking southeast Parking Lot – looking southeast

Parking Lot – looking west


DEVELOPMENT POTENTIAL

GENERAL PLAN DESIGNATION Mixed Use Corridor (MUC)

ZONING South Area – 3 (SA-3)

MAXIMUM BUILDING HEIGHT 50 feet

MAXIMUM BASE FAR (CURRENT) 1.00

MAXIMUM BASE + BONUS FAR (CURRENT) 1.40 (with Planning Commission approval)

MAXIMUM PROPOSED FAR (FUTURE) To be determined (with PD zoning)

RESIDENTIAL PARKING REQUIREMENT

1.5 spaces per Studio Unit

1.5 spaces per 1-Bedroom Unit



COMMERCIAL PARKING REQUIREMENTNo parking, if less than 5,000 square feet2 spaces per 1,000 square feet

MINIMUM SETBACK REQUIREMENTS None

MINIMUM SITE LANDSCAPING 5% of Site Area

DEVELOPMENT POTENTIAL 50 to 70 units (estimated)

SCHEME 2 PD - MASSING MODEL9/20/201814812 EAST 14TH STREET

SCHEME 2 PD - MASSING MODEL9/20/201814812 EAST 14TH STREET


FLOOR PLANS

Ground Floor Second Floor

E 14

TH S

TREE

T

8' - 0" 175' - 0" 27' - 0"

143'

- 7"

1,508 SFRETAIL

1,524 SFRETAIL

785 SF

RESIDENTIALLOBBY

95 PARKING SPACES

MECH.

HISTORIC BAL THEATRE

JACKSON HEWITT TAX SERVICE

SINGLE FAMILY RESIDENCES

36' -

2"

36' -

2"

27' -

9"

43' -

6"

TANDEM PARKING FOR 2BD UNITS

PROPERTY LINE

PUMP

EGRE

SS

SINGLE FAMILY RESIDENCES

DO

G R

UN

TRASH

STACKERS

STAC

KER

S

STACKERS

STACKERS

SCHEME 2 PD - GROUND FLOOR PLAN9/20/201814812 EAST 14TH STREET

0 40'20'

957 SF

2 BD1

822 SF

1 BD2

822 SF

1 BD3

450 SF

STUDIO5

1,089 SF

2 BD11

748 SF

1 BD12

1,237 SF

2 BD26

533 SF

1 BD23

583 SF

1 BD22

705 SF

1 BD21

695 SF

1 BD15

452 SF

STUDIO16

814 SF

1 BD18

825 SF

1 BD19

747 SF

1 BD6

870 SF

1 BD9

450 SF

STUDIO24

2,392 SFOPEN SPACE

4,867 SFOPEN SPACE

CIRCULATION

494 SFAMENITY

32' -

11"

33' -

8"

35' -

4"

31' -

1"

10' -

7"

133'

- 1"

33' - 0" 36' - 0" 36' - 0" 18' - 8" 33' - 0" 26' - 4" 22' - 0"183' - 0"

15' - 10" 27' - 0" 24' - 0" 24' - 0" 58' - 2" 22' - 0"

35' -

5"

36' -

3"

583 SF

1 BD14

583 SF

1 BD13

FIRE DEPARTMENT ACCESS STAIR

1,048 SF

2 BD33

948 SF

2 BD17

34' - 0"

SCHEME 2 PD - SECOND FLOOR PLAN9/20/201814812 EAST 14TH STREET

0 40'20'


DAYLIGHT PLANE

27' - 0"

DAYLIGHT PLANE

822 SF

1 BD138

822 SF

1 BD144

747 SF

1 BD146

533 SF

1 BD147

583 SF

1 BD148

792 SF

1 BD149

825 SF

1 BD150

814 SF

1 BD151

695 SF

1 BD152

583 SF

1 BD153

583 SF

1 BD154

748 SF

1 BD155

870 SF

1 BD156

450 SF

STUDIO157

450 SF

STUDIO158

452 SF

STUDIO159

957 SF

2 BD160

948 SF

2 BD161

1,089 SF

2 BD162

1,048 SF

2 BD163

1,237 SF

2 BD164

494 SF

AMENITY165

CIRCULATION

SCHEME 2 PD - THIRD FLOOR PLAN9/20/201814812 EAST 14TH STREET

0 40'20'

Third Floor Fourth Floor

2,661 SFOPEN SPACE

CIRCULATION

DAYLIGHT PLANE

40' - 0"

DAYLIGHT PLANE

450 SF

STUDIO168

450 SF

STUDIO169

452 SF

STUDIO170

822 SF

1 BD171

822 SF

1 BD172

747 SF

1 BD173

533 SF

1 BD174

583 SF

1 BD175

792 SF

1 BD176

695 SF

1 BD177

583 SF

1 BD178

583 SF

1 BD179

748 SF

1 BD180

814 SF

1 BD181

825 SF

1 BD182

494 SF

AMENITY183

957 SF

2 BD184

948 SF

2 BD185

1,237 SF

2 BD186

SCHEME 2 PD - FOURTH FLOOR PLAN9/20/201814812 EAST 14TH STREET

0 40'20'


MAPS REGIONAL MAP


AREA MAP


LOCATION MAP


LOCATION AERIAL


AERIALS




East

14th

St

Hesperian

Bayfair Center

Bancroft

14812 EAST 14TH STREET


Bayfair Center

OaklandAirport

DowntownOaklandSan Francisco

CHRIS TWARDUSSenior Vice President+1 408 282 [email protected] License No. 0.00933014

TONY PARKSenior Vice President+1 510 433 [email protected] License No. 01961368

EXCLUSIVELY OFFERED BY:

Accelerating success.

COLLIERS INTERNATIONAL1999 Harrison Street, Suite 1750

Oakland, CA 94612 www.colliers.com/oakland


Documents

14812 EAST 14TH OFFERING MEMORANDUM