FLORIBUNDA. Downtown Burlingame AVENUE. SCOTT W. SYME President / Broker. Cell: (650) CalBRE#

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1 SCOTT W. SYME President / Broker scott@symegroupres.com Cell: (650) CalBRE#

2 Entitled and ready to build New Construction of a 4-Story, 10 unit residential condominiums building over Basement Parking for 18 cars Lot: 9,515 SF (Vacant) Construction Type V-A Garage: 6,737 sf Building Area: 17,277 sf Building Height: 46 to Roof Ten 2 Bed/2 Bath Units From 1,000 sf 1,510 sf Each Unit Has 75+sf Private Deck Plans, Permits & WRAP Insurance Included

3 Floribunda Avenue Amenities Neighborhood of well maintained properties surrounding the property Excellent accessibility to Downtown Burlingame and CalTrain. Located in the middle of one of the strongest job hubs in the nation Easy Commutes to San Francisco and Silicon Valley. Renters will be affluent professional couples and empty nesters 0.21 acre lot Four-level building - 4 levels above grade - 1 level below grade 4 levels of living - 10 Apartment units - All 2 bed / 2 bath - 1,000 to 1,515 SF Units - 7 distinct floor plans 18 stall parking garage (with lift system) Lobby & First Floor

4 Lobby & Typical Condo Floor Plan Floor Plan A2 is BMR for 10 Years

5 Floor Plan 4th Floor Floor Plan 4th Floor

6 Side Elevation Street Elevation Permit AV E N U E Downtown B urlingame Color & Texture Lot

7 The greater Bay Area is one of the strongest rental markets in California and the nation. The area enjoys a generally affluent demographic profile. The rise in home prices in the area, rental communities have prospered too. Project located in the mid-peninsula area Burlingame has experienced strong job growth in recent years. Known for being family-oriented. Known for the highest-achieving schools in the region. Annual Occupancy in Burlingame ranges from approximately 93.5% to 98.5% in the past 8 years. Median income level for the Burlingame area is $90,738. Ideally located for commuting professionals - San Francisco 25 miles north - Silicon Valley miles south

8 RESTAURANTS 1. II Fomaio 2. Stacks Restaurants 3. Steelhead Brewing Company 4. Blue Line Pizza 5. Barrelhouse 6. T Pumps 7. La Boulage 8. Starbucks 9. Copenhagen Bakery 10. Leland Tea Company 11. The Cakery 12. Crapevine 13. Mediterranean Kebab 14. The Plant Cafe Organic SHOPPING 1. Safeway 2. Wallgreens 3. BevMo! 4. Gap 5. Gap Baby 6. J. Crew 7. Vans 8. Verizon 9. Pottery Barn 10. Lucy Activewear BANKS 1. Chase Bank 2. Bank of America 3. Wells Fargo Bank 15. Kara s Cupcakes 16. Peets Coffee and Tea 17. Bestro Olea 18. Mingalaba Restaurant 19. Cherimova Vietnamese Cafe 20. Prive 21. Urban Bistro 22. Trapeze Restaurant 23. Bay Area Bagels 24. Paddy Flynn s Irish Pub 25. Vinyl Room 26. H The Melt 28. Pizza My Heart 29. YogurtLand 30. Panda Express 11. Janie and Jack 12. Baby Couture 13. Kate Spade New York 14. Mingalaba 15. Apple 16. Paper Source 17. Harves Funiture 18. Pet Food Express 19. Ace hardware 4. Citibank 5. Union Bank

9 San Francisco Walk 0.3 Miles 3 Minutes Downtown Walk 0.9 Miles 10 Minutes CalTrain Station Drive 3.8 Miles 5 Minutes SF Airport Drive 31 Miles 35 Minutes SJ Airport Drive 18 Miles 23 Minutes San Francisco Drive Train 34 Miles 42 Minutes 24 Minutes San Jose San Francisco CalTrain Station San Jose Train 50 Minutes San Jose Downtown Burlingame

10 Airbnb Consideration Current Burlingame listings 56 Only 10 marked as 2+ bedrooms Average daily rate for 2 bedroom unit in Burlingame is approximately $252 Based on the new construction and square footage projected average rent of $300 -$325 could be achievable Occupancy for Airbnb units over the past 12 months is 65% Seasonality plays a large role in occupancy A unit may have the potential to achieve revenues of approximately $6,300 - $6,830 per month Source JBREC Source > Burlingame

11 Disclaimer The information contained herein is strictly confidential. It is furnished solely for the purpose of considering the opportunity to purchase the Property described herein and is not to be used for any other purpose or made available to any other person without the expressed written consent of Syme Group Real Estate Services. (the Agent ). No representation is made with regard to its accuracy or completeness. Prospective purchaser should conduct their own investigation and reach their own conclusions without reliance on the material contained herein. Neither the Developer nor the Agent nor any of their respective officers, agents, or principals has made or will make any representations or warranties, expressed or implied, as to the accuracy or completeness of the Marketing Package or any of its contents, and no legal commitment or obligation shall arise by reason of the Marketing Package or its contents. Analysis and verification of the information contained in the Marketing Package is solely the responsibility of the prospective purchaser. The Developer and Agent expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with any entity at any time with or without notice. The Developer shall have no legal commitment or obligations to any entity reviewing the Marketing Package or making an offer to purchase the Property unless and until such offer for the Property is approved by the Developer and any conditions to the purchser have been satisfied or waived. Content within is summarized from in-depth market research preformed by John Burns Real Estate Consulting and delivered to Syme Group Real Estate Services. The information is a work product of John Burns Real Estate Consulting. John Burns Real Estate Consulting retains ownership of and factual accuracy for all information. Information is based on assumptions as outlined in the full report. All information is deemed reliable but not guaranteed. For full report call Scott Syme for a copy (650) All information and recommendations herein are based on current and expected performance of the national, and/or local economy and real estate market. Given that economic conditions can change and real estate markets are cyclical, it is critical to monitor the economy and real estate market continuously, and to revisit key project assumptions periodically to ensure that they are still justified. Information is also based on assuming normal real estate market conditions, and not a condition of either prolonged boom or bust real estate market conditions. There will usually be differences between projected and actual results because events and circumstances frequently do not occur as expected, and the differences my be material. No assurance on achievability of any pricing or absorption estimates or reasonableness of the underlying assumptions are implied. SCOTT W. SYME President / Broker scott@symegroupres.com Cell: (650) CalBRE#