FOR SALE BULK RETAIL WAREHOUSE OWNER-USER 6591 COMMERCE BLVD, ROHNERT PARK

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1 FOR SALE BULK RETAIL WAREHOUSE OWNER-USER 6591 COMMERCE BLVD, ROHNERT PARK William Severi, CCIM, CPM - Broker CA BRE # Phone: Cell: william@northbayprop.com North Bay Property Advisors 2777 Cleveland Ave. Suite 110 Santa Rosa, CA

2 FOR SALE SUMMARY PRICING Asking Price: $2,900,000 Price per Square Foot: $ SITE / BUILDING Approximate Building Sq. Ft.: 15,455 +/- Zoning / Land Use: Regional Commercial APN: COMMERCE BLVD, ROHNERT PARK, CA Excellent Owner/User Building. 15,455+/- Sq. Ft. of warehouse / bulk retail and industrial warehouse space in the heart of Rohnert Park, Sonoma County, California. The Property is well located at the high-traffic intersection and dense retail market of Highway 101 and Rohnert Park Expressway, and fronts Commerce Blvd which is a major North/South arterial feeding in and out of the residential neighborhood. Other retailers within one block include: Safeway, Grocery Outlet, Raley s, Ross, CVS, Bank of America, US Bank, McDonalds, Starbucks and Chipotle Commerce Blvd is its own separate commercial condo unit. Traffic Counts Commerce Blvd at Hunter Dr 19,400 - Average Daily Traffic Count (2016).07 Miles from Subject Rohnert Park Expy at Commerce Blvd 35,680 - Average Daily Traffic Count (2016).19 Miles from Subject Rohnert Park Expy at Hwy ,300 - Average Daily Traffic Count (2016).21 Miles from Subject

3 NEIGHBORHOOD MAP (2016) 32,300 ADT (2016) 35,680 ADT (2015) US Hwy ,000 ADT SUBJECT (2016) 19,400 ADT

4 AERIAL MAP SUBJECT 6591 COMMERCE BLVD 15,455 +/- Sq. Ft. $2,900,000

5 PHOTOS

6 FLOOR PLAN AREA DESCRIPTION APPROXIMATE SQ. FT. CLEAR HEIGHT Warehouse / Bulk Retail 1 8,469 +/ /- Warehouse / Office 2 (Warehouse - 5,939 +/-) (Office /-) 6,986 +/ /-

7 PARCEL MAP

8 Investment Summary & Highlights Financial: New Loan: Analysis Asumptions: 6591 Commerce Blvd Rohnert Park, CA Price $ 2,900,000 Price per Sq. Ft. $ Contract Rental Income $ 235,536 Gross Operating Income $ 303,062 Total Operating Expenses $ 72,646 Net Operating Income (Yr. 1) $ 230,416 Cap Rate (Yr. 1) 7.95% Cap Rate (5 Yr. Avg.) 8.15% Pre-Tax Cash-on-Cash (Yr. 1) 9.21% Pre-Tax Cash-on-Cash (5 Yr. Avg.) 9.73% Acquisition Cost Estimate $ 7,500 Loan Points $ 8,700 Cash Invested $ 1,176,200 Estimated NEW Loan Amt. $ 1,740,000 NEW Loan LTV 60% Interest Rate 5.00% Term 25 Annual Debt Service $ 122,062 Debt Coverage Ratio 1.89 Vacancy Factor 5% Income Escalator 2% Expense Escalator 2% The above information, while not guaranteed, has been secured from sources we believe to be reliable. This is not an offer to sell or lease and is subject to change or withdrawal. An interested party should verify the status of the property and the information herein.

9 Annual Property Operating Data Name 6591 Commerce Blvd Location Type of Property Rohnert Park, CA Retail Purchase Price 2,900,000 Size of Property 15,455 (Sq. Ft./Units) Acquisition Costs $7, No. of Units 5 Loan Points 8, Purpose Investment Evaluation Cash Invested 1,176,200 #Pmts. Assessed/Appraised Values Potential No. 1 Balance Payment /Yr. Interest Term Land 20% $ 580,000 1st $1,740,000 $10, % 25 Improvements 80% $ 2,320,000 2nd 12 Personal Property $ - Total 100% $ 2,900,000 Potential No. 2 1st Adjusted Basis as of: 13-Jun-18 $ 2,900,000 2nd $/SQ FT or /Unit ALL FIGURES ARE ANNUAL 1 POTENTIAL RENTAL INCOME 235,536 2 Plus: Other Income (affected by vacancy) 79,303 $ Less: Vacancy & Cr. Losses ( 5% of 11,777 ) 4 EFFECTIVE RENTAL INCOME 5 Plus: Other Income (not affected by vacancy) 6 GROSS OPERATING INCOME 303,062 $/SQ FT or /Unit % of Gross % of Gross COMMENTS/FOOTNOTES CAM Reimbursement OPERATING EXPENSES: 7 Real Estate Taxes % 34,800 Based upon 1.2% of purchase price. 8 Personal Property Taxes 9 Property Insurance % 3, Off Site Management % 6, BLANK 12 Parking Lot Sweep 13 Bank Charges % Fire Sprinkler 15 Roof Repairs 16 Utilities: 17 Water % 1, Sewer % 3, Garbage % 3, Electric % 1, Accounting and Legal % 1, Licenses/Permits % 1, HVAC Mainteance 24 Painting 25 Landscaping 26 Maintenance & Repairs % 6, Reserves for Improvements % 4, Misc % 4, TOTAL OPERATING EXPENSES % $ ,646 31% Expenses as a % of GOI 32 NET OPERATING INCOME 230, % Cap Rate 33 Less: Annual Debt Service 122, Debt Coverage Ratio 34 Less: Funded Reserves 35 Less: Gross Rent Multiplier 36 Less: 37 CASH FLOW BEFORE TAXES $108, % Cash-on-Cash or ROI The above information, while not guaranteed, has been secured from sources we believe to be reliable. This is not an offer to sell or lease and is subject to change or withdrawal. An interested party should verify the status of the property and the information herein.

10 Cash Flow Worksheet Property Name 6591 Commerce Blvd Purchase Price $ 2,900, Prepared For Investment Evaluation Acquisition Costs $ 7, Prepared By William M. Severi, CCIM Loan Points $ 8, Date Prepared 13-Jun-18 Cash Invested $ 1,176, Mortgage Data Cost Recovery Data 1st Mortgage 2nd Mortgage Improvements Personal Property Amount 1,740,000 Value 2,320,000 Interest Rate 5.00% C. R. Method SL Term 25 Useful Life 39 Payments/Year In Service Date 1/1/2019 Periodic Payment $ 10,172 - Recapture Annual Debt Service 122,062 - (All/None/Excess) LTV 60% Investment Tax Credit ($$ or %) 1st Mortgage 2nd Mortage Taxable Income Year : 1/1/19 1/1/20 12/31/20 12/31/21 12/31/22 1 Potential Rental Income 235, , , , , Other Income affected by vacancy 79,303 80,889 82,507 84,157 85, Vacancy & Credit Losses 11,777 16,057 16,378 16,705 17,040 4 =Effective Rental Income 303, , , , , Other Income not affected by vacancy 6 =Gross Operating Income 303, , , , , Operating Expenses 72,646 74,099 75,581 77,093 78,634 8 =NET OPERATING INCOME 230, , , , , Interest - 1st Mortgage 86,185 84,350 82,420 80,392 78, Interest - 2nd Mortgage 11 -Cost Recovery - Improvements 57,009 59,487 59,487 59,487 59, Cost Recovery - Personal Property =Real Estate Taxable Income 87,222 87,143 93, , , Tax Liability (Savings) at 30.0% 26,167 26,143 28,108 30,130 32,211 Cash Flow 17 NET OPERATING INCOME (Line 8) 230, , , , , Cap Rate 7.9% 8.0% 8.1% 8.3% 8.5% 19 -Annual Debt Service 122, , , , , Funded Reserves 21 Capital Improvements 22 =CASH FLOW BEFORE TAXES 108, , , , , Cash-on-Cash BEFORE Tax 9.2% 9.3% 9.7% 10.1% 10.5% 24 -Tax Liability (Savings) (Line 16) 26,167 26,143 28,108 30,130 32, Investment Tax Credit 26 =CASH FLOW AFTER TAXES $82,187 $82,775 $85,429 $88,119 $90,844 Cash-on-Cash AFTER Tax 6.99% 7.04% 7.26% 7.49% 7.72% Copyright 1997 by the Commercial Investment Real Estate Institute The above information, while not guaranteed, has been secured from sources we believe to be reliable. This is not an offer to sell or lease and is subject to change or withdrawal. An interested party should verify the status of the property and the information herein.

11 Charts and Key Ratios 6591 Commerce Blvd Rohnert Park, CA Net Operating Income 250, , , , , , ,000 Yr. 1 Yr. 2 Yr. 3 Yr. 4 Yr. 5 Net Operating Income Key Ratios 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% Yr. 1 Yr. 2 Yr. 3 Yr. 4 Yr. 5 5 Yr Avg. Cap Rate 7.95% 7.96% 8.12% 8.29% 8.45% 8.15% Cash-on-Cash BEFORE Tax 9.21% 9.26% 9.65% 10.05% 10.46% 9.73% The above information, while not guaranteed, has been secured from sources we believe to be reliable. This is not an offer to sell or lease and is subject to change or withdrawal. An interested party should verify the status of the property and the information herein.

12 BROKER TEAM William M Severi, CCIM, CPM - Broker CA BRE # Phone: Cell: william@northbayprop.com NORTHERN CALIFORNIA OFFICES SANTA ROSA NOVATO SONOMA / NAPA SAN JOSE SACRAMENTO WALNUT CREEK North Bay Property Advisors Santa Rosa Office 2777 Cleveland Ave. Suite 110 Santa Rosa, CA SAN FRANCISCO