2015 BRIDGEWAY 2015 Bridgeway, Sausalito, CA 94965

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2 EXECUTIVE SUMMARY OFFERING SUMMARY Property Type: Office Sale Price: $5,995,000 Lot Size: ± 12,000 SF Year Built: 1963 Building Size: ± 11,104 SF Zoning: CN-1 Price / SF: $ LOCATION OVERVIEW Located in the north part of Sausalito, at the corner of Bridgeway and Olive Street near the Marinship area. The property enjoys a vibrant neighborhood with many shops and restaurants within a short walking distance. PROPERTY OVERVIEW This is an opportunity to purchase a rare owner-user office building or a building with potential to conversion into a residential apartment project in one of the country's strongest markets. Each floor has four individual suites, many of which are connected. Separation of the adjoining suites would be easily accomplished to make a multi tenant office project. The ground floor has two units available for occupancy or conversion to other uses, such as laundry. PROPERTY HIGHLIGHTS First time on the market in 25 years Owner-user opportunity or investment Potential conversion to residential 21 onsite parking spaces and ample street parking Upper floors have views of the bay and beyond

3 ADDITIONAL PHOTOS

4 ADDITIONAL PHOTOS Covered Parking Large Conference Room

5 ADDITIONAL PHOTOS Updated Interiors-Selected Suites Updated Finishes-Selected Suites

6 FIRST FLOOR

7 SECOND FLOOR

8 THIRD FLOOR

9 AERIAL MAP 2015 Bridgeway

10 LOCATION MAPS

11 PARCEL MAP

12 SALE COMPS SUBJECT PROPERTY 2015 Bridgeway Sausalito, CA Sale Price: $5,995,000 Lot Size: 0.28 AC Year Built: 1963 Building SF: 11,104 SF Price PSF: $ BRIDGEWAY 1050 Bridgeway Sausalito, CA Sale Price: Year Built: $4,100, Lot Size: Building SF: 8,712 SF 6,616 SF Price PSF: $ Closed: 10/20/2015 Office building located in Sausalito. The building was vacant at time of sale BRIDGEWAY 599 Bridgeway Sausalito, CA Sale Price: $5,255,000 Lot Size: 4,356 SF Building SF: 5,900 SF Price PSF: $ Closed: 08/14/2015 Occupancy: 25% Water fronting office building with views to San Francisco. Vacant at time of sale. 2

13 SALE COMPS TIBURON BOULEVARD 110 Tiburon Boulevard Mill Valley, CA Sale Price: $2,475,000 Lot Size: 15,901 AC Building SF: 4,050 SF Price PSF: $ CAP: 4.48% Closed: 06/20/2017 Occupancy: 100% Multi-tenant office building with the major tenant an owner-user. The building was purchased by an owner-use six months to go on the main lease LOCUST AVENUE 21 Locust Avenue Mill Valley, CA Sale Price: $2,635,000 Lot Size: 4,356 SF Building SF: 2,916 SF Price PSF: $ Closed: 07/15/2016 Vacant at time of sale, marketed as an owner-user opportunity. Originally constructed in 1964, the building had recently undergone extensive renovation with mid-century design elements MILLER AVENUE 319 Miller Avenue Mill Valley, CA Sale Price: $3,375,000 Lot Size: 12,197 SF Building SF: 5,000 SF Price PSF: $ Closed: 11/18/2016 Multi-tenant office building sold to an owner-user who will remodel the building to a single tenant configuration 5

14 SALE COMPS SIR FRANCIS DRAKE BOULEVARD 1112 Sir Francis Drake Boulevard Kentfield, CA Sale Price: Year Built: $2,522, Lot Size: Building SF: 21,780 SF 2,626 SF Price PSF: $ Closed: 05/01/2015 Older, but well maintained Victorian style office building. Vacant at time of sale. 6

15 SALE COMPS SUMMARY SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS 2015 Bridgeway 2015 Bridgeway Sausalito, CA $5,995,000 11,104 SF $ SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE Bridgeway 1050 Bridgeway Sausalito, CA Bridgeway 599 Bridgeway Sausalito, CA Tiburon Boulevard 110 Tiburon Boulevard Mill Valley, CA Locust Avenue 21 Locust Avenue Mill Valley, CA Miller Avenue 319 Miller Avenue Mill Valley, CA Sir Francis Drake Boulevard 1112 Sir Francis Drake Boulevard Kentfield, CA $4,100,000 6,616 SF $ /20/2015 $5,255,000 5,900 SF $ /14/2015 $2,475,000 4,050 SF $ % - 06/20/2017 $2,635,000 2,916 SF $ /15/2016 $3,375,000 5,000 SF $ /18/2016 $2,522,000 2,626 SF $ /01/2015 PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE Totals/Averages $3,393,667 4,518 SF $ % 1

16 SALE COMPS MAP SUBJECT PROPERTY 2015 Bridgeway Sausalito, CA BRIDGEWAY Bridgeway Sausalito, CA BRIDGEWAY Bridgeway Sausalito, CA TIBURON BOULEVARD Tiburon Boulevard Mill Valley, CA LOCUST AVENUE 4 21 Locust Avenue Mill Valley, CA MILLER AVENUE Miller Avenue Mill Valley, CA SIR FRANCIS DRAKE BOULEVARD 1112 Sir Francis Drake Boulevard Kentfield, CA 94904

17 DEMOGRAPHICS MAP POPULATION 1 MILE 3 MILES 5 MILES Total population 5,241 27,774 56,915 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 3,140 13,630 26,106 # of persons per HH Average HH income $135,124 $151,006 $156,087 Average house value $1,059,083 $1,030,602 $996,315 * Demographic data derived from 2010 US Census