TROPHY BAY AREA – DOWNTOWN UC BERKELEY FLAGSHIP RESTAURANT AND RETAIL FOR SALE 2 4 6 2 B A N C R O F T WAY | B E R K E L E Y, C A 9 4 7 0 4

Actual Property Photo

EXECUTIVE SUMMARY •  Investment Overview

•  Investment Summary

•  Tenant Rental Information

•  Property Photos

AREA OVERVIEW

•  Location Map

•  Area Overview

•  UC Berkley Overview

BROKER CONTACT

© 2019 The Sher Group. The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. The Sher Group does not doubt its accuracy, however The Sher Group makes no guarantee, representation, or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all projections, market assumptions, and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions, and cash flow analysis are subject to change with property and market conditions. The Sher Group encourages all potential interested buyers to seek advice from your tax, financial, and legal advisors before making any real estate purchase and transaction. 2841 Buzz Court | Los Angeles, CA 90039 | 213.268.1515 | DRE#02022464

TROPHY BAY AREA –DOWNTOWN UC BERKELEY FLAGSHIP RESTAURANT AND REAIL FOR SALE 2462 BANCROFT WAY BERKELEY, CA 94704

CHRIS HUDDLESTON DRE#01939516

213.268.1515 | cbhuddleston@gmail.com

•  Located directly across from

the main entrance of

UC Berkeley

•  Rare opportunity to own in

one of the Bay Area’s most

affluent communities

•  100% net leased property

•  Brand new Wells Fargo ATMs

•  Completely new restaurant

interior re-build ($1,000,000

in tenant improvements)

•  Highest foot traffic location

in Berkeley

INVESTMENT OVERVIEW

HIGHLIGHTS

SUBJECT PROPERTY

UC BERKELEY CAMPUS

PROPERTY DATA

Address:

Asking Price:

Cap Rate:

Rental Income:

Tenants:

Building Size:

Lot Size:

Year Built:

2462 Bancroft Way

Berkley, CA 94704

$6,760,000.00

4.75% CAP

$321,000/year

Wells Fargo Bank +

Hot Pot Restaurant

6,550 Square Feet

6,050 Square Feet

1963

INVESTMENT SUMMARY

TENANT #1 – WELLS FARGO

Description: Rental Income: Rental Increases: Lease Term: Options:

(2) ATM machines facing Bancroft

$33,000/year 10% increase

every 5 years 10 years

(expires 9/30/28) (2) five-year options

TENANT RENTAL INFORMATION

TENANT #2 – HOT POT RESTAURANT

Description: Projected Opening Date: Rental Income: Rental Increases: Lease Term: Options: Tenant Improvements:

Brand new flagship Asian restaurant serving the

UC Berkeley campus and surrounding population

5/1/2019 $288,000/year

3% increase per year beginning in 2021

10 years (expires 1/31/29)

(2) five-year options

Tenant has invested over $1,000,000

in building out interiors Interior rendering

PROPERTY PHOTOS AND RENDERINGS

Interior rendering Exterior rendering

LOCATION MAP

Located in downtown Berkeley at the main entrance of University of California Berkeley (UC Berkeley), the subject property is on the main retail corridor surrounded by Amazon, University Bookstore, Chipotle, Walgreens, and Urban Outfitters. The subject property is a unique restaurant and national tenant ATM investment.

AREA OVERVIEW

2462 BANCROFT WAY

NEARBY COMPANIES & BUSINESSES

•  # 1 public school ranking (US News and World Report 2018) / #22 school in USA

•  Undergraduate students enrolled: 30,574 students •  Graduate students enrolled: 11,666 •  Diverse Asian population: 33% of student body The University of California, Berkeley – often referred to as Cal – is situated overlooking the San Francisco Bay. Typically, 95 percent or more of incoming freshmen at Berkeley choose to live on campus. There are more than 1,000 student organizations, ranging from political groups to a hang gliding club and everything in between. Berkeley also has a thriving Greek life with dozens of fraternity and sorority chapters. The California Golden Bears, Berkeley’s athletic teams, compete in the Pac-12 Conference and are known for their traditional arch rivalry with Stanford University. Berkeley has 14 schools and colleges, including a number of graduate and professional schools, such as the School of Optometry and the Graduate School of Journalism. Other graduate programs offered include those in the highly ranked Haas School of Business,  Graduate School of Education, College of Engineering, and School of Law.

UNIVERSITY OF CALIFORNIA, BERKELEY

CONFIDENTIALITY AGREEMENT

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Sher Group and should not be made available to any other person or entity without the written consent of The Sher Group. This Offering Memorandum 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, 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 Offering Memorandum has been obtained from sources we believe to be reliable; however, The Sher Group has not verified, and will not verify, any of the information contained herein, nor has The Sher Group 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. By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release The Sher Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

Marketed by

CHRIS HUDDLESTON, DRE#01939516

213.268.1515 cbhuddleston@gmail.com

DRE#02022464

TROPHY BAY AREA FLAGSHIP RESTAURANT AND RETAIL FOR SALE D O W N T O W N U C B E R K L E Y – 2 4 6 2 B A N C R O F T W AY | B E R K L E Y, C A 9 4 7 0 4