TH STREET CENTER. Ariel Fox, Partner BRE# Ryan Dong, Associate BRE# NWC 7TH ST. & CENTER ST.

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1 7 TH STREET CENTER NWC 7TH ST. &., OAKLAND, CA CONCEPTUAL ILLUSTRATION COURTESY OF SUDA, LLC. Ariel Fox, Partner BRE# Ryan Dong, Associate BRE#

2 PROPERTY SUMMARY 7TH STREET CENTER is a mixed use, transit-oriented development featuring a fullyoccupied retail strip with 2 undeveloped parcels. It s located across from the West Oakland BART Station in a hotbed of development. WEST OAKLAND Address: NWC 7th St. & Center St., Oakland, CA (multiple addresses, see parcel details page for more) Assessor s Parcel Number: , 11, 12, 13, 14 Parcel Size: ± 13,018 SF Building Size: ± 3,120 SF Stories: 1 7TH ST 13,000 ADT Zoning: S-15W and RM-3/C Year Built: 1980 Max Buildable Height: 55 Max Buildable Units: 23 (Conditional Use Permit required to increase units) Parking: 16 Spaces Topography: Flat Foundation: Concrete Exterior: Metal / Masonry Parking Surface: Asphalt Roof: Membrane Utilities: Separate Electric, Common Water NOI: $144, Pricing: Unpriced

3 STATION HOUSE is ±0.5 mi NW of 7th Street Center THE CRUCIBLE Industrial Arts School DOWN THE LINE: 1. MCGRATH 649 Kirkham St, Oakland, CA Summary: Proposed 225 micro-unit apartment project. Status: On-hold Developer: Terry McGrath. 7TH ST 13,000 ADT MAIN ENTRANCE/EXIT 1 WEST OAKLAND BART WEST OAKLAND BART PROJECT 2 TRACK KIRKHAM ST Phase 1 CHESTER ST UNION ST 2,000 ADT MANDELA PKWY 1,000 ADT 8TH ST 2,000 ADT Phase 2 2. RED STAR APARTMENTS Phase 3 THE PANOMIC OAKLAND Kirkham St & 5th St, Oakland, CA THE UNION S 7 MINS TO S. F. FIN AN CIAL DIST. 5TH ST I 8 A 00 6,0 2 1 DT Summary: Proposed 119-unit senior housing development. Status: On-hold Developer: Michaels Development Co. A NEW VISION FOR WEST OAKLAND MAIN ENTRANCE/EXIT WEST OAKLAND BART PROJECT th St Oakland, CA Summary: 1,200,000 SF office space, 200 residential units + 94,000 SF comm. Status: In planning review process. Construction start projected for Development Team: SUDA, LLC / China Harbor Engineering Co. THE PANORAMIC OAKLAND 500 Kirkham St, Oakland, CA Summary: 1,032 residential units and 44,000 SF of retail. Status: Proposed, awaiting completion of EIR. Developer: Panoramic Interests THE UNION 532 Union Street, Oakland, CA Summary: 110 Units Status: Pre-construction Developer: Holliday Development STATION HOUSE th St, Oakland, CA Summary: 171 Units Status: Completed 2018 Developer: City Ventures

4 RM-3/C PARCEL DETAILS & INCOME/EXPENSES S-15W 7TH ST ZONING PARCEL DETAILS: ADDRESS PARCEL NO. LOT AREA BUILDING ZONING 723 Center Street ,375 SF RM-3/C (Mixed Housing Residential) 719 Center Street ,410 SF RM-3/C (Mixed Housing Residential) UNDEVELOPED: 4,785 SF 715 Center Street ,427 SF S-15W (Community Commercial) th Street S-15W (Community Commercial) th Street ,500 3,120 SF S-15W (Community Commercial) DEVELOPED: 8,233 SF 3,120 SF TOTAL: 13,018 SF 3,120 SF INCOME AND EXPENSES FOR GLA: INCOME Base Rent (Occupied Space) $143, Pylon Sign $1, Total Income $144, EXPENSES CAM * Real Estate Taxes $7, Insurance $4, Business License $1, } Expenses are passed through to tenants Total Expenses $14, TH ST * Landlord does not have a CAM budget, charges variable expenses as they arise. PARCELS

5 TENANT SUMMARY & RENT ROLL RENT ROLL: TENANT GLA % OF GLA LEASE COMMENCE LEASE EXPIRE ANNUAL RENT RENT/ SF INCREASES OPTIONS EZPAY Check Cashing 420 SF 13.46% 08/01/ /31/2019 $21, $50.46 /SF Annual - CPI Bay Area Index None Tien s Donuts & Subs 700 SF 22.44% 07/01/ /30/2019 $41, $59.57 /SF Annual - CPI Bay Area Index None 7th Street Food 2,000 SF 64.10% 07/01/ /30/2019 $80, $40.36 /SF Annual - CPI Bay Area Index 1 x 5 Years 3,120 SF $143, Meet the Tenants: PLEASE NOTE: Businesses are not for sale. Do not disturb tenants. SEVENTH STREET FOOD & LIQUOR The convenience store owner has been a Tenant for 4 years. He is an experienced operator who also runs a gas station in the area. The City is not allowing any new Liquor Licenses for Off Premises consumption. TIEN S DONUTS & SUBS Tenant for approximately 4 years. Draws in BART customers and visible form the BART platform. EZPAY CHECK CASHING Tenant since This operator runs three other check cashing locations and a ReMax real estate office. The city of Oakland is not allowing any new check cashing stores. A LOCAL ARTIST WAS COMMISSIONED TO PAINT THE EXTERIOR MURAL, DISCOURAGING GRAFFITI

6 INVEST IN A QUALIFIED OPPORTUNITY ZONE These incentives will allow a taxpayer to receive tax deferral on a capital gain for the earlier of 12/31/2026 or disposition of the QOF. YELLOW INDICATES A DESIGNATED QUALIFIED OPPORTUNITY ZONE 7TH STREET CENTER IS IN WHAT THE 2017 TAX CUTS AND JOBS ACT REFERRS TO AS A QUALIFIED OPPORTUNITY ZONE. The IRS defines a Qualified Opportunity Zone as an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Opportunity Zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains until the earlier of the date on which an investment is sold or exchanged, or December 31, 2026, so long as the gain is reinvested in a Qualified Opportunity Fund. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor would be eligible for an increase in basis equal to the fair market value of the investment on the date that the investment is sold or exchanged. The gain property does NOT have to be Real Estate. There is a basis increase on the deferred amount of up to 15%. Tax-free gains on QOZ investments held for 10 or more years. An investor has 180 days from the date of disposition to reinvest the gain amount with a cash investment into a Qualified Opportunity Fund. Substantial improvements must be done to the property within 30 months of the acquisition. A Qualified Opportunity Fund is an investment vehicle that must hold at least 90% of its assets in QOZ property. Late 2018, the Internal Revenue Service will be issuing a form that will allow taxpayers to self-certify as a QOF.

7 DEMOGRAPHICS POPULATION 1 mile 16,346 2 mile 67,763 3 mile 172,137 5 mile 433,225 MEDIAN HOUSEHOLD INCOME 1 mile $54,620 2 mile $58,770 3 mile $72,303 5 mile $85,966 WEST OAKLAND BART STATION IS THE GATEWAY TO SAN FRANSISCO FROM THE EAST BAY AVERAGE HOUSEHOLD INCOME 1 mile $71,417 2 mile $78,718 3 mile $93,541 5 mile $115,225 DAYTIME EMPLOYMENT 1 mile 6,363 2 mile 6,363 3 mile 136,956 5 mile 245,013 TRANSPORTATION BART (West Oakland Station) 80 (feet) I-880 W/E 0.3 (miles) I-80 W/E 2.3 (miles) Oakland International Airport 11.4 (miles)