$4,500,000 $309/SF REDWOOD HIGHWAY // CAP RATE 5.25% ON CURRENT INCOME, 6.2% ON PROFORMA

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1 4460 $4,500,000 $309/SF // CAP RATE 5.25% ON CURRENT INCOME, 6.2% ON PROFORMA SAN RAFAEL // STAND ALONE LEASED BANK BRANCH // IN-LINE LEASED INVESTMENT OPPORTUNITY O F F E R I N G M E M O R A N D U M > HADEN Ongaro hongaro@ngkf.com CA RE License # > MARK Carrington > mcarrington@ngkf.com CA RE License # ALISA Belew abelew@ngkf.com CA RE License #

2 NEWMARK KNIGHT FRANK, exclusive listing agent, is pleased to present the opportunity to purchase the fee-simple interest in the property located at 4460 Redwood Highway in San Rafael, California ( the property ) Redwood Highway (APN ) occupies an approximately 47,480 square foot (1.09 acre) flat triangular parcel and located adjacent to US Hwy-101. The site is improved with two single-story commercial buildings, a large parking area, private patios, and is accessed easily (with two curb cut outs) from Redwood Highway. The property is offered on an as-is, where-is basis and offers the following benefits of ownership: EXCELLENT FREEWAY VISIBILITY: 4460 Redwood Highway is located adjacent to Park n Ride, San Rafael Airport, McInnis Pakr and US Hwy-101, the region s major freeway, linking San Francisco through Marin County to the wine country and vibrant commercial and residential communities to the North. AADT is over 175,000 vehicles daily in each direction on 101 past the property Over 9,000 vehicles daily drive past the property on Redwood Highway Over 12,000 vehicles daily at Smith Ranch Road and Redwood Highway 4460 Redwood Highway is located within one mile of 4.3 million square feet of commercial space, employees and clients of: Kaiser Permanente, Fair Isaac Corporation (FICO), AAA, Social Security Administration, Star Academy, County of Marin and YMCA. The property provides an excellent location for services to their employees and clients. STRONG TENANCY: Anchored by a ±2,400 square foot stand-alone branch of Bank of Marin, one of the region s most financially stable and well-regarded financial institutions, the Property is 86% leased to a diverse, e-commerce resistant tenancy. Many of these tenants have called 4460 Redwood Highway home for over 10 years. Flexibility to lease to both office and retail tenants provides a strong base of tenant prospects. HIGH QUALITY IMPROVEMENTS: Current ownership of over 18 years has made significant investment in maintaining the Property to the highest standards with approximately $700,000 of upgrades and tenant improvements completed within the last 10 years. Some of these upgrades include the following;. EXTERIOR WORK o Plastering of the Bank of Marin Building o Plastering of the Inline Building o New Cool Roof and HVAC System o New landscaping and irrigation system o Complete renovation of the common area restrooms to ADA code as of 2008 o Fence upgrades PARKING LOT o Asphalt repairs o New Striping o Curb repairs o ADA ramps and signage ELECTRICAL UPGRADES o New pad for transformer and trench to PG&E pole o Installation of a PG&E vault o New electrical wiring, conduits, and subpanels within the suites o Installation of gas lines and individual gas meters for each suite o Electrical work for exterior signage

3 PROMINENT LOCATION: 4460 Redwood Highway has excellent frontage on Redwood Highway, with prominent freeway visibility. The property also abuts a small portion of Gallinas Creek, which gives its tenants privacy and serene patio areas to enjoy. Visitors to major county facilities like McInnis Park, San Rafael Airport and the extremely popular Century Regency Theater, all drive by the main access point to the Property. SURROUNDING PROPERTIES: The property is located on the northern end of the Redwood Frontage Road, near the major Intersection of Smith Ranch Road and Redwood Highway. Nearby parks include Mont Marin Park, Oleander Park and Santa Margarita Island Preserve. Executive housing in affluent neighborhoods like Lucas Valley, Marinwood and residential developments along Smith Ranch Road and Terra Linda, all fall within the trade area served by the Property. The property is located within 1 mile of 4.3 million square feet of commercial real estate, with major corporate entities and hundreds of entrepreneurial companies in the Northgate area all within a comfortable walking distance of 4460 Redwood Highway, including; Northgate Industrial Kaiser Permanente AAA Fair Isaac Corporation (FICO) Star Academy Marin County Health & Human Services Lucas Valley Marinwood Century Regency Theater McInnis Park Golf Center McInnis County Park Northgatge Industrial Vineyards Smith Ranch Road San Rafael Airport County of Marin YMCA Marin Cheese Company 4460

4 SIGNAGE: Prominent building identification and signage provide tenants with excellent exposure to the heavy traffic count on Hwy The current signage program creates consistency and offers lighted exterior signs, further increasing visibility. ZONING: Zoning for 4460 Redwood Highway is (O) Office District with a land use of 51: Commercial. PARKING: The property enjoys 59 on-site parking stalls, including 4 handicapped parking stalls for a ratio of 4:1000 sf of rentable space. There are also plentiful public transportation options nearby, and car sharing is available from Relay Rides directly across the street. FLOOD ZONE: Per FEMA The property is located in flood zone X with flooding expected every years, properites located in this zone do not require flood insurance. TITLE: (Covenants, Conditions & Restrictions, Easements) The property is encumbered by utility easements that positively affect the operation of the Property. DEMOGRAPHICS: 1 MILE 3 MILE Population Households Average Age Median HH Income Daytime Employees Population Growth Household Growth ,699 4, $82,228 10, % 4.0% 54,751 22, $97,527 22, % 3.5% 4460

5 Founded in 1989 and headquartered in Novato, Bank of Marin is the wholly-owned subsidiary of Bank of Marin Bancorp (NASDAQ: BMRC) and in November 2017 acquired Bank of Napa, N.A. (OTCQB: BNNP), further accelerating its growth. A leading business and community bank in the San Francisco Bay Area, with assets of $2.5 billion and 23 offices throughout San Francisco, Marin, Napa, Sonoma and Alameda counties, Bank of Marin provides business and personal banking, commercial lending, and wealth management and trust services. Bank of Marin has received the highest possible BauerFinancial 5 Star Superior rating for over 17 straight years. BauerFinancial reports and analyzes the performance of U.S. banks and credit unions and does not accept fees for their ratings. Bank of Marin is the only bank headquartered in Marin County to be awarded the superior 5 Star rating. The investment portfolio totaled $572.9 million at March 31, 2018, compared to $483.5 million at December 31, 2017 and $414.0 million at March 31, Net interest income totaled $21.9 million in the first quarter of 2018, compared to $20.1 million in the prior quarter. The $1.8 million increase in net interest income from the prior quarter reflects $170.0 million growth in average earning assets. Specializing in providing legendary service to its customers and investing in its local communities, Bank of Marin has established an outstanding record of awards and accomplishments including the following: o Western Independent Bankers, 2016 Community Bank of the Year o Raymond James, 2016 Community Bankers Cup o North Bay Business Journal Corporate Philanthropy Award Winner, 2018 for the fourth year in a row o San Francisco Business Times Top Corporate Philanthropist, 2017 o Marin Independent Journal Readers Choice Poll 2018, Best Bank, Best Local Company and Most Community-Minded o Pacific Sun Readers Poll 2017, Best Business Bank and Best Consumer Bank o North Bay Business Journal Best Places to Work 2017 o NorthBay biz Magazine, North Bay s Best 2017, Best Company to do Business with in Marin County o Bank Director Magazine Bank Performance Scorecard List Bank of Marin Bancorp is included in the Russell 2000 Small-Cap Index and NASDAQ ABA Community Bank Index. For more information, go to

6 TENANT OVERVIEW 2,577 SF 640 SF 934 SF 425 SF 1,067 SF VACANT 2,099 SF 992 SF A HEAD OF TIME SALON 960 SF LUCAS VALLEY CLEANERS 1,114 SF 635 SF 720 SF 2,400 SF BUILDING 2 IN-LINE MIXED USE 12,163 SF BUILDING 1

7 AS A VE LIN GAL LAS DEL G Park n Ride de SMI TH RAN CH DR ANAD O RD MA NU FRE ITA SP KW Y SANTA MARGARITA ISLAND PRESERVE ER ENT IC C CIV NOR THG ATE DR EL T DR LEGEND ESMEYER DR OR NS AN PE DR D LE R YDA RR ME!"# $ % & ' ( ) " &* ) % +, ))$ &! $ - *. /$ " *.! * 0 * ) 0 / 1 % /! D Marin County Civic Center

8 4460 Grand Landing 777 Grand Avenue Size: 12,807 SF Date: Price: $5,900,000 Price/SF: $ COMPARABLES SALES Northgate III Shopping Center Las Gallinas Ave Size: 240,451 SF / 5.52 Acres Date: Price: $24,575,500 Price/SF: $ Redwood Hwy Size: 11,326 SF /.26 Acres Date: Price: $1,475,000 Price/SF: $ Union Bank of California th Ave Size: 9,570 SF Date: Price: $3,000,000 Price/SF: $

9 In Place Income Analysis FINANCIAL ANALYSIS Analysis Start Date 10/1/18 Square Feet 14,563 Income Per Month Annual Rents $30,138 $361,652 Tax Pass Through^ $80 $956 OpEx Pass Through^ $221 $2,657 Effective Gross Rent $30,439 $365,264 Vacancy Vactor 5% ($18,263.20) Adjusted Gross Rent $347,001 Expenses $/SF Annual Taxes* $3.80 $55,327 Insurance $0.32 $4,629 Janitorial $0.68 $ 9, Garbage $0.73 $ 10, Landscaping $0.36 $5,256 Repairs & Maintenance $0.60 $8,738 Utilities $0.36 $5,313 Management 3% EGR $10,958 Total Expenses $7.61 $110,794 Net Operating Income $236,207 *Taxes, Assessments and Bonds based on Ask Price. **Operating expenses based on 3% inflation of owners actual 2017 expenses except where indicated. ^All tenants except Suite 9 have Prop 13 protection. Landlord has not collected pass throughs from Suite

10 4460 HADEN Ongaro MARK Carrington ALISA Belew CA RE License # CA RE License # CA RE License # Fifth Avenue Suite 230, San Rafael, CA The distributor of this communication is performing acts for which a real estate license is required. The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice /2018