HIGH-DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY NEAR FACEBOOK'S FREMONT CAMPUS

HIGH-DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY NEAR FACEBOOK'S FREMONT CAMPUS THORNTON AVENUE NEWARK, CA 94560 Pinaki Ray, BRE#01488235 Advisor 408.392.8822 pinaki.ray@svn.com CalBRE #01488235 SVN FIRST GUARDIAN GROUP 777 NORTH FIRST STREET, SUITE 720, SAN JOSE, CA 95112 OFFERING MEMORANDUM

Disclaimer The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 2

PROPERTY INFORMATION 4 Property Details & Highlights Complete Highlights Additional Photos LOCATION INFORMATION 8 Location Maps Aerial Map Tax Map Surrounding Area Map Distance to Major Landmarks SALE COMPARABLES 14 Sale Comp Summary DEMOGRAPHICS 16 Demographics Map ADVISOR BIOS 18 Advisor Bio & Contact 1 Back Page HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE, NEWARK, CA 94560 OFFERING MEMORANDUM

1 PROPERTY INFORMATION Thornton Avenue Newark, CA 94560 HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 4

Property Details & Highlights OFFERING SUMMARY Sale Price: $3,350,000 Lot Size: 23,650 SF PROPERTY OVERVIEW SVN First Guardian Group is proud to present an excellent re-development opportunity in Newark, 3 MIles from Facebook's new campus in Fremont and in the heart of Newark's main artery - Thornton Avenue. The subject property comprises three lots, totaling 23,650 sq. ft. These can be assembled for a high-density residential project or developed individually. The zoning allows for up to 30 units per 1/2 acre (buyer to verify density with City of Newark), leading to high-profit potential. The lots currently have single family homes (re-purposed for business use). The land is suitable for a builder or for an investor looking for residential development opportunities in Silicon Valley. Zoning: Market: Residential High Density (RH) Newark Newark is one of the fastest growing cities in California, experiencing very high growth in jobs, population, and housing values due to close proximity to major employers in Silicon Valley. LOCATION OVERVIEW Excellent Location with easy commute to Facebook (3 miles to Fremont Campus/9 miles to HQ) and Tesla (7 miles). Very Close to Dumbarton Bridge(2 miles) and I-880 (2.5 miles), within 5 miles of Fremont or Union City BART Station. Very Close to the Newpark Mall (2 miles), Restaurants, Shopping and Newark Memorial High School. Price / SF: $141.65 Zoned for Residential High Density; Right next to new condo developments in 2017 on the same street and close to rapid gentrification near the Newpark Mall Area. Zoning Map: http://www.newark.org/home/showdocument?id=1730 HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 5

Complete Highlights SALE HIGHLIGHTS Rare development opportunity on bustling Thornton Avenue in Newark. Very close to Dumbarton Brige/880, NewPark Mall, BART stations, AMTRAK and major employers (Facebook, Tesla, Logitech, Amazon Logistics and Others). Great opportunity to invest and ride the growth curve of Newark INVESTMENT HIGHLIGHTS Significant ROI due to very high growth in home values in Newark (19.5% growth in home values last year (Source: Zillow) and Median Days on Market: 10 days). Additional job growth through new Facebook campus close by in Fremont. Multiple exit strategies possible: Multiple Units on assembled lots or Multiple Units in each lot or upgraded single family on each lot to utilize the large lot size Lot's depth and width (min. 100 ft deep x 60 feet wide) are suitable for residential high-density development. Zoning Ordinance/City of Newark: http://www.newark.org/home/ showdocument?id=1721 City of Newark supportive of Projects in this area Similar development nearby has appreciated significantly (>40%) since the sale in early 2017 ECONOMIC HIGHLIGHTS Newark, CA is one of the fastest growing cities in California based on how much development is happening and how quickly the new homes are getting sold. Multiple development projects are approved and under construction and demand for housing is expected to remain strong due to multiple new employers moving to the area. Within 25 miles of major airports (San Jose, Oakland, and San Francisco) HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 6

Additional Photos HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 7

2 LOCATION INFORMATION Thornton Avenue Newark, CA 94560 HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 8

Location Maps HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 9

Aerial Map HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 10

Tax Map HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 11

Surrounding Area Map HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 12

Distance To Major Landmarks Landmark Distance to Subject Property (Miles) Facebook (Fremont Campus) 2.9 Logitech 2.9 Tesla 7.5 Amazon Logistics/Fulfilment 1.7 Fremont BART 4.7 Newpark Mall 2.8 HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 13

3 SALE COMPARABLES Thornton Avenue Newark, CA 94560 HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 14

Sale Comps Picture Address/Location Distance from Subject Property Pricing (Miles) Square Footage Price/Sq. ft Details Subject Property (6347, 6375, 6361 Thornton Avenue) Community Name: TBD Builder: TBD Location: Thornton Avenue (near new Civic Center) 0 $ 1,025,000 1576 650 Expected Pricing per Condo/TownHome based on comparables 3 Bed, 3 BA; Assumes builder can construct at least 12 units in the 3 lots; The Strand Community (William Lyon) Builder: William Lyon (LyonBayShores.com) Location: Willow Drive off Thornton; Transit Oriented Development near Dumbarton Bridge. 1.8 $ 1,050,000 1542 681 New Construction: TownHome Style Condos - Available Now - Projected Pricing in 2019- At least $1.25M for same unit if market conditions prevail 3 Bed/ 3 BA; Sold Out Temporarily; Units have gone up over 20% since release in 2016. The Cove Community (William Lyon) Builder: William Lyon (LyonBayShores.com) Location: Willow Drive off Thornton; Transit Oriented Development near Dumbarton Bridge. 1.8 $ 975,000 1306 747 New Construction: Condos - Available Now - Projected Pricing in 2019- At least $1.2M for same unit if market conditions prevail 2 Bed/ 2.5 BA; Sold Out Temporarily. Units have gone up over 20% since release in 2016. New Construction on Thornton Ave in 2016 (Casa Bella Homes) Used 4 lots on Thornton Avenue Location: Right Next Door (Few lots away) to Subject Property - 6259 Thornton Avenue LightHouse Community (Lennar) Builder: Lennar Homes (lennar.com/bayarea) 8559 Leeward Way, Newark, CA Location: Willow Drive off Thornton; Transit Oriented Development near Dumbarton Bridge. 0.1 $ 1,089,000 1687 646 1.7 $ 920,000 1424 646 Price Sq. ft Price/Sq. ft Median $ 1,025,000 1542 650 Sold Out in early 2017; Townhome Style Condos - New Construction: Condos - Sold Out Temporarily- Projected Pricing in 2019- At least $1.1M for same unit if market conditions prevail 2 Bed/ 2.5 BA; Units have gone up over 20% since release in 2016. HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 15

4 DEMOGRAPHICS Thornton Avenue Newark, CA 94560 HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 16

Demographics Map POPULATION 0.5 MILES 1 MILE 1.5 MILES Total population 7,977 21,133 38,208 Median age 32.9 34.7 35.9 Median age (male) 31.8 34.1 35.5 Median age (Female) 34.2 35.7 36.8 HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES Total households 2,243 6,231 11,760 # of persons per HH 3.6 3.4 3.2 Average HH income $81,470 $84,291 $87,650 Average house value $497,810 $514,889 $532,771 * Demographic data derived from 2010 US Census HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 17

5 ADVISOR BIOS Thornton Avenue Newark, CA 94560 HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 18

Advisor Bio & Contact 1 PINAKI RAY, BRE#01488235 Advisor PROFESSIONAL BACKGROUND Pinaki is a licensed Realtor in the state of California and has been involved in acquisition and sale of real estate assets throughout the United States since 2005. His experience includes identifying, rehabilitation and sale of investment properties. He also maintains a broad network of active buyers and sellers of commercial real estate including lenders and high net worth individuals. He possesses over 25 years of comprehensive worldwide business management experience in environments ranging from early phase technology start-ups to multi-billion dollar corporations. EDUCATION Pinaki holds Master of Science degrees in Mechanical Engineering and Computer Science and a Masters in Software Business Management from Carnegie Mellon University. MEMBERSHIPS & AFFILIATIONS Board Member of the BayEast Association of Realtors 777 North First Street, Suite 720 San Jose, CA 95112 T 408.392.8822 C 510.378.5978 pinaki.ray@svn.com CalBRE #01488235 HIGH DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY THORNTON AVENUE NEWARK, CA 94560 SVN First Guardian Group Page 19