220 ALICE JACK LONDON DISTRICT OAKLAND CALIFORNIA. Multifamily Urban Infill Transit-Oriented Development OFFERING MEMORANDUM

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1 220 ALICE JACK LONDON DISTRICT OAKLAND CALIFORNIA OFFERING MEMORANDUM Multifamily Urban Infill Transit-Oriented Development C-45/S-4 Zoning (No Height Limit) 0.26 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 880 Fruitvale, Oakland, California (the Property or 880 Fruitvale ). 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. 220 ALICE 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 1 PROPERTY SUMMARY 2 INVESTMENT HIGHLIGHTS 3 DEVELOPMENT POTENTIAL 6 PROPERTY PHOTOS 7 MAPS & AERIALS 9 EXCLUSIVELY OFFERED BY: CHRIS TWARDUS Senior Vice President chris.twardus@colliers.com CA License No TONY PARK Senior Vice President tony.park@colliers.com CA License No BEN EVES Associate ben.eves@colliers.com CA License No

4 EXECUTIVE SUMMARY Colliers International ( Colliers ), as exclusive representative, is pleased to offer 220 Alice Street ( 220 Alice, or the Property ), a unique development transaction opportunity located in the highly desirable Jack London Loft District of Oakland, California. The +/-11,250 square foot property is currently underutilized with an existing +/-10,699 food production facility and is coming to market for the first-time. Subject Site The highest and best use for the Property is anticipated to be multifamily residential development, which is permitted by right under the current zoning of C-45. In addition, the C-45 zoning allows for commercial, civic, light manufacturing, and agricultural uses (see zoning code for more specific detail). There is no height limit for the property and a FAR of may be achieved with conditional permit. OFFERING TERMS The 220 Alice Street property is being offered for ground lease with the right to purchase the fee simple real estate with flexible price terms and conditions. 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 due diligence information. The Owner requests that all interested, qualified parties provide Colliers with a formal letter of intent outlining the terms and conditions under which Buyer proposes to acquire the site. In addition, a summary providing background information on the company, its principals and its transaction history, is requested. 1 COLLIERS INTERNATIONAL

5 PROPERTY SUMMARY ADDRESS APN S 220 Alice Street Oakland, California RD STREET EXISTING IMPROVEMENTS ±10,699 square feet SITE AREA ±11,250 square feet (0.26 acres) GENERAL PLAN DESIGNATION EPP Mixed Use District ALICE ZONING C-45/S-4 STREET FRONTAGE ±150 feet (Alice St.) ±75 feet (3rd St.) CURRENT USE Food production facility ALLOWED USES Residential, Commercial, Civic, Light Manufacturing, Agricultural (See zoning code for more detail) 2ND STREET 220 ALICE, OAKLAND 2

6 INVESTMENT HIGHLIGHTS > > Located in the heart of the Jack London Loft District. > > 2 blocks away from Carmel Partners Fourth Street East development project (330 units). > > 1/2-mile walking distance to Lake Merritt BART Station. > > Short walking distance to Jack London Square retail and entertainment. > > Less than 5-minute biking distance to Jack London Square Ferry Terminal. > > Steps to Jack London Square Amtrak Station. > > Close proximity to Oakland/Alameda estuary and the 500-mile planned San Francisco Bay Trail (350 miles completed). > > Convenient freeway access and directly visibility from I-880. > > Jack LondonCondominium resale values averaging $814,000 ($722/SF) in last 6 months. > > Walk Score of COLLIERS INTERNATIONAL

7 AERIAL OVERVIEW Downtown Berkeley 24 INTERSTATE CALIFORNIA 580 INTERSTATE CALIFORNIA 980 Downtown Oakland Lake Merritt 201 BROADWAY 48 units (U/C) BROADWAY Jack London District INTERSTATE CALIFORNIA Alice FOURTH STREET EAST Carmel Partners units (U/C) PARCEL D CIM Group units (proposed) Mill Creek 134 units PARCEL F2 CIM Group Units (Proposed) 220 ALICE, OAKLAND 4

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9 DEVELOPMENT POTENTIAL GENERAL PLAN DESIGNATION Estuary Policy Plan (EPP) Mixed Use District ZONING Community Shopping Commercial (C-45) Design Review Combining Zone (S-4 MAXIMUM FAR as corner lot with CUP MAXIMUM DENSITY Without CUP With CUP Regular Dwelling Unit Efficiency Dwelling Unit 1 per 300 SF of lot Area 1 per 200 SF of lot area units/acre units/acre 1 per 200 SF of lot area 1 per SF of lot area units/acre units/acre MAXIMUM HEIGHT LIMIT No height limit MINIMUM PARKING REQUIREMENT Residential Commercial 1 space per unit (May be reduced) Varies by specific activity MINIMUM OPEN SPACE REQUIREMENT 150 square feet per regular dwelling unit 100 square feet per efficiency dwelling unit LOCAL HISTORIC DISTRICT Area of Primary Importance (Waterfront Warehouse) IMPACT FEE ZONE Fee Zone 1 $24,000 per unit (After July 1, 2018) ADDITIONAL REQUIREMENTS/LIMITATIONS See zoning code for more detail. 220 ALICE, OAKLAND 6

10 PROPERTY PHOTOS Property View (Looking Southwest) Property View (Looking South) Property Rooftop View (Looking Northeast) 7 COLLIERS INTERNATIONAL

11 Property View (Looking North towards Downtown Oakland) Property Street View (Looking Southeast) 220 ALICE, OAKLAND 8

12 MAPS & AERIALS REGIONAL MAP 9 COLLIERS INTERNATIONAL

13 AREA MAP 220 ALICE, OAKLAND 10

14 LOCATION MAP 11 COLLIERS INTERNATIONAL

15 LOCATION AERIAL 220 ALICE, OAKLAND 12

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17 DISCLAIMER 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 220 Alice Street, Oakland, California (the Property or 220 Alice ). 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. 220 ALICE, OAKLAND 14

18 Accelerating success. EXCLUSIVELY OFFERED BY: CHRIS TWARDUS Senior Vice President CA License No TONY PARK Senior Vice President CA License No BEN EVES Associate CA License No COLLIERS INTERNATIONAL 1999 HARRISON STREET, SUITE 1750 OAKLAND, CA