NILES RESERVOIR FREMONT CALIFORNIA. Suburban Infill Development Opportunity. Residential Rezoning Potential ±7.45 Acres OFFERING MEMORANDUM

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1 NILES RESERVOIR FREMONT CALIFORNIA OFFERING MEMORANDUM Suburban Infill Development Opportunity Residential Rezoning Potential ±7.45 Acres Accelerating success.

2 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 Canyon Heights Drive (the Property ), in Fremont, 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 buyer (each a Buyer ) solely to assist Buyer in determining whether Buyer is interested in potentially purchasing all or part of the Property. Colliers is also providing this Memorandum and the material in it to Buyer with the understanding that Buyer will independently investigate those matters that it deems necessary and appropriate to evaluate the Property and that Buyer 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 discussions with any potential Buyer at any time with or without notice. Owner shall have no legal commitment or obligation to any party reviewing the 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 Buyer. Nothing contained in this Memorandum may be construed to constitute legal or tax advice to Buyer concerning the Property.

3 TABLE OF CONTENTS EXECUTIVE SUMMARY 2 PROPERTY SUMMARY 3 PROPERTY HIGHLIGHTS 4 PROPERTY PHOTOS 6 MAPS & AERIALS 8 EXCLUSIVELY OFFERED BY: CHRIS TWARDUS Senior Vice President chris.twardus@colliers.com CA License No ROBERT ROWLAND Executive Vice President bob.rowland@colliers.com CA License No TONY PARK Senior Vice President tony.park@colliers.com CA License No CANYON HEIGHTS DRIVE, FREMONT, CA 1

4 EXECUTIVE SUMMARY Colliers International ( Colliers ), as exclusive broker, is pleased to offer for sale Canyon Heights Drive (the Property ), in Fremont, California. The ±7.45-acre property is located 1 mile northeast of the intersection of Highway 84 (Niles Canyon Road) and Highway 238 (Mission Boulevard) in the Canyon Heights-Vallejo Mills neighborhood of Fremont. The Property abuts residential homes to the north, west and south and a vacant, undeveloped ±4.29-acre property to the east owned by the Alameda County Water District. The property is zoned Public Facility (P-F) with Hillside Overlay (H-I) and has a general plan land use designation of Public Facility (P-F). Surrounding properties are zoned as R-1-6 (Residential Single Family) with certain home values in excess of $1 million. An abandoned water reservoir with miscellaneous appurtenances is situated on the Property. OFFERING TERMS Canyon Heights Drive is being offered for sale unpriced. All investors should base their offer on the property in its as-is condition. In order to assist with underwriting, qualified investors will be provided access upon request to online information regarding the Property. The property located at Canyon Heights Drive ( Additional Parcel ) is also offered for sale in combination with, or as exclusive of, the subject Property. Additional information may be made available upon request. The Owner requests that all interest, qualified parties provide Colliers with a formal letter of intent outlining the terms and conditions under which Buyer proposes to acquire the Property. In addition, a summary providing background information on the company, its principals and its transaction history, is requested. Subject (±0.49 acres) Subject (±7.45 acres) ACWD (±4.29 acres) 2 COLLIERS INTERNATIONAL

5 ADDRESS APN SITE AREA GENERAL PLAN LAND USE DESIGNATION ZONING SURROUNDING ZONING LOT CONFIGURATION SITE TOPOGRAPHY CURRENT USE EXISTING IMPROVEMENTS EDUCATION SCHOOL DISTRICT ELEMENTARY SCHOOL MIDDLE SCHOOL SERVICES POLICE FIRE WASTEWATER TRASH GAS ELECTRIC WATER Canyon Heights Drive Fremont, CA , Alameda County ±7.45 Acres ±324,435 square feet Public Facility (P-F) Public Facility (P-F) with Hillside Overlay (H-I) Residential Single Family (R-1-6) Irregular Varies; flat, sloped. Abandoned reservoir. Concrete reservoir with roof structure and ancillary appurtenances Fremont Unified School District 885 API (2012) Vallejo Mill Elementary (K-8) 836 API (2012) Centerville Junior High School 855 API (2012) City of Fremont City of Fremont Union Sanitary District Enlarged sewer line may be required Republic Services Pacific Gas & Electricity (PG&E) Pacific Gas & Electricity (PG&E) Alameda County Water District (ACWD) PROPERTY SUMMARY CANYON HEIGHTS DRIVE, FREMONT, CA 3

6 PROPERTY HIGHLIGHTS > > Proximity to Silicon Valley employment centers. > > Desirable, picturesque hillside setting with limited traffic. > > Directly adjacent to Vargas Plateau Regional Park (1,030 acres). > > Recognized strong local school district. > > Short driving distance to Vallejo Mill Elementary School (0.6 miles). > > Convenient freeway access to I-680 and I-880 (less than 20 minutes). > > Proximity to Dumbarton Bridge (less than 20 minutes). > > Land assemblage opportunity with adjacent 4.29-acre property owned by ACWD and acre property owned by same seller. ADJACENT PROPERTY The subject property is adjacent to a 4.29-acre parcel of vacant land owned by the Alameda County Water District (ACWD). The zoning for ACWD property is R-1-6(H-I) and allows for 6,000 square foot lots on 91% of the site with the remaining 9% sloped. A previous attempt to develop this parcel in 2006, represeted a site plan with ten single-family lots. Average lot sizes ranged from 9,000 square feet to 17,000 square feet. The same applicant also attempted to develop the subject property and developed a site plan showing 36 lots (32 lots on the subject site, and 4 lots on the Additional Parcel located at Canyon Heights. The ACWD property has a small point of access at Deer Road but would benifit from being combined with the subject property to obtain close proximity to utility connections as well as provide a more attractive marketing window. 4 COLLIERS INTERNATIONAL

7 38240 CANYON HEIGHTS DRIVE, FREMONT, CA 5

8 PROPERTY PHOTOS Property Access Road (Looking North) Property View (Looking North) Property View (Looking West) 6 COLLIERS INTERNATIONAL

9 Reservoir Exterior View (Looking South) Reservoir Interior View Adjacent Open Space (Looking East) CANYON HEIGHTS DRIVE, FREMONT, CA 7

10 MAPS & AERIALS REGIONAL MAP 8 COLLIERS INTERNATIONAL

11 AREA MAP CANYON HEIGHTS DRIVE, FREMONT, CA 9

12 LOCATION MAP 10 COLLIERS INTERNATIONAL

13 LOCATION AERIAL CANYON HEIGHTS DRIVE, FREMONT, CA 11

14 Accelerating success. EXCLUSIVELY OFFERED BY: CHRIS TWARDUS Senior Vice President CA License No ROBERT ROWLAND Executive Vice President CA License No TONY PARK Senior Vice President CA License No COLLIERS INTERNATIONAL 1999 HARRISON STREET, SUITE 1750 OAKLAND, CA This information has been prepared to provide summary, unverified information to prospective purchasers. Analysis and verification of the information contained herein is solely the responsibility of each prospective investor. Prospective investors are advised to review independently all documents relating to the Property and conduct their own independent due diligence to verify and assess the suitability of this property for their investment needs and risk tolerance. Broker has not made any investigation, and makes no warranty or representation, with respect to the income or expenses of the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements. Any prospective Buyer is solely responsible for any and all costs and expenses incurred in investigating and evaluating the Property.