Prime Peninsula Entitled Land | Two W 3rd Avenue, San ......SunEdison, NetSuite, Salesforce, and...

Offering Memorandum presented by the Alam Team

CJ Brill Investment Advisor O: 415.349.0147 M: 310.793.6069 [email protected] CalDRE: #02073511

Ganga Balebail Investment Advisor O: 415.534.0110 M: 510.862.4612 [email protected] CalDRE #02015344

Joshua BallesterosInvestment Advisor O: 415.480.0214 M: 209.518.9025 [email protected] CalDRE #02010271

Mary Alam, MBA Senior Vice President O: 415.358.2111 M: 415.297.5586 [email protected] CalDRE #01927340

Prime Peninsula Entitled Land | Two W 3rd Avenue, San Mateo, CA 94402

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The information contained in the following Investment Summary is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NAI Northern California and should not be made available to any other person or entity without the written consent of Broker. This Investment Summary has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Broker has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue occupancy of the subject property.

The information contained in the Marketing Brochure has been obtained from sources we believe to be reliable; however, Broker has not verified, and will not verify, any of the information contained herein, nor has Broker conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all the information set forth herein.

Con�dentiality & Disclosure

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Description

NAI Northern California is pleased to present for sale this entitled land in downtown San Mateo located on the corner of W Third Ave and S El Camino Real. The proposed project includes ten residential condominium units with 3,075 SF of street level commercial spacel. The subject property offers a unique opportunity in the af�uent San Mateo market with an average household income over $129,000 within a �ve mile radius. With a walkers score of 95/100, the location allows for renters to be situated close by to work, restaurants, entertainment and more.

• Price: $5,900,000

• Lot Size: 11,464 square feet

• APN: 034-093-050

• 10 residential condominium units plus 3,075 SF of commerical space

• 25,617 SF of habitable space plus 7,268 SF of basement space

• 25,617 square foot building

• Highly automated garage parking with 29 parking stalls

• Car elevator and turntables

Offering Overview

Unit Sizes• 3 x 2 BR, 2.5 BA @ 1,378 SF

• 3 x 2 BR, 2.5 BA @ 1,348 SF

• 2 x 2 BR, 2 BA @ 1,362 SF

• 2 x 2 BR, 2 BA @ 1,260 SF

3rd A

venue

S. El Camino Real

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Location Description

Sale Highlights• Daily traffic count of 29,000 on El Camino Real

• Zoning: Executive Offices/High Density Multi-Family

• Walk Score: 95 (Walker’s Paradise)

• Public Transit: San Mateo Commuter Rail (Caltrain)— 0.5 miles, Hayward

• Park Commuter Rail (Caltrain) — 1.4 miles, San Francisco Airport(SFO) — 7.5 miles

Economic DescriptionWith high rents and limited housing options in San Francisco proper and Silicon Valley, renters and employers are shifting their sights to San Mateo/Burlingame (San Mateo). San Mateo’s central location, transit access, and tight vacancies have sparked a construction wave in the suburban submarket. The city is also benefiting from the Bay Area’s continuing tech boom and has been adding tech firms, such as GoPro and SurveyMonkey, to an office-tenant roster that already includes SunEdison, NetSuite, Salesforce, and many more. Limited housing options in many other submarkets have caused many renters to consider living outside of San Francisco, and San Mateo offers a centralized opportunity in heart of the peninsula.

Location DescriptionComplete Highlights

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GARAGE

BASEMENT GARAGE LEVEL

BASEMENT GARAGE

A-1NORTH

CAR ELEVATOR& TURNTABLE

TWO LEVELS = 28 CARS TOTAL

112.25x64.75 = 7,268 square feet enclosed by retaining walls

14 CARS per LEVELELEV.PIT

BASEMENT GARAGE - TWO OPEN LEVELS - TOTAL 28 CARS

INTERNATIONAL

SANMATEO

CALIFORNIA

P. O. BOX 626LARKSPUR, CA 94977-0626

PHONE: (415) 362-2880

www.EDI-INTERNATIONAL.com

TWO WEST3rd

AVENUE

10 FEBRUARY 2017

Not For Construction

GARAGE ELEVATOR


KIOSK

NOTE : ALL STAIRWAYS TO BE OF 2-HOUR CONSTRUCTION

4 APRIL 2017

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920

2,155

Trash Room

LOBBY

square feet

square feet

CAR ELEVATOR

WEST 3RD AVENUE

EL C

AM

INO

REA

Lone

way

driv

e

VAN

NORTH

ARROYO COURT

(80' Right of Way)

(35' Right of Way)

A-2

GRADE LEVEL & SITE5,606 square feet enclosed

FIRST FLOOR

Elev.Mech.

MET

ERS

in-ta

ke v

ent

Fire Rm.

Planter

Planter Planter PlanterPlanter

ACCESSIBLE

two street parking spaces

Four Time Limited Public Spaces

EXISTING Dedicated Left Turn Lane

EXISTING One Right Turn & One Straight Lane

One West Bound Lane

red zone to corner

11'x21'

property line

property line

prop

erty

line

prop

erty

line

INTERNATIONAL

SANMATEO

CALIFORNIA


PHONE: (415) 362-2880


TWO WEST3rd

AVENUE

10 FEBRUARY 2017

Not For ConstructionNot For Construction

STOPtravel distance 45'

travel distance 18'

trave

l dis

tanc

e 74

'

trave

l dis

tanc

e 71

'

travel distance 23'trave

l dis

tanc

e 76

'

BIKE ROOMsee sheet A-3

(100

' Rig

ht o

f Way

- N

o Pr

opos

ed L

ane

Cha

nges

)

NOTE :ALL STAIRWAYS TO BE OF2-HOUR CONSTRUCTION

4 APRIL 2017

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NORTH

SECOND, THIRD & FOURTH LEVELS

SECOND & THIRD LEVELS FOURTH LEVEL

A-3

RESIDENTIALFLOORS

124' DIAGONAL

DISTANCE (typical)

7,224 x 2 Levels = 14,448 SQUARE FEETOCCUPANTS per Level 7,224/200 = 36.12

5,523 SQUARE FEET(750 sf Deck included)2 UNITS @ 15.1 occupancy+ DECK of 750/15 = 50 for aTOTAL of 65.1 OCCUPANTS

OCCUPANCY of Level 4ROOF DECK 750/15 = 50UNITS B & D = 15.1TOTAL level 4 = 65.1

2017 CBC 1007.1.1.2 Exit StairSTAIR SEPARATION in SPRINKLED BUILDINGS SHALLbe a MINIMUM of 1/3 the DIAGONAL DISTANCE124' / 3 = 41.33'

44' PROPOSED BETWEEN EXITS - Levels 2, 3 & 4Maximum Egress Distance is 71+44 = 115 Feet (125' allowed)

Occupancy, Exit Access & Travel Distances

travel distance 70'

travel distance 70'

travel distance 62'

travel distance 62'

44' b

etw

een

exits

44' b

etw

een

exits

travel distance 70'

travel distance 70'

travel distance 55'

travel distance 71'

INTERNATIONAL

SANMATEO

CALIFORNIA


PHONE: (415) 362-2880


TWO WEST3rd

AVENUE

10 FEBRUARY 2017


OCCUPANCY per Levels 2 & 3A 1,260 + 70 for Decks = 1,330/200 = 6.6B 1,409 + 70 for Decks = 1,479/200 = 7.4C 1,362 + 152 for Decks = 1,514/200 = 7.5D 1,389 + 152 for Decks = 1,541/200 = 7.7TOTAL per levels 2 & 3 = 29.2

BIKE ROOMDURO WALL RACKS for 6 BIKESDURO-DECKER RACKS for 12 BIKESTOTAL 18 BIKES

DURO-WALL RACKS

DURO-DECKER RACKS

DURO-DECKER RACKS

DURO-WALL RACKS

NOTE :ALL STAIRWAYS TO BE OF2-HOUR CONSTRUCTION

OCCUPANCY SEPARATIONGARAGE to OFFICE / RESIDENTIAL - 3 HOURSOFFICE to RESIDENTIAL - 2 HOURSUNIT to UNIT WALLS - 1 HOURUNIT to CORRIDOR - 1 HOURSTAIRWAY WALLS - 2 HOUREXTERIOR WALLS - 2 HOUR

4 APRIL 2017

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A-4

UNITDIMENSIONS

INTERNATIONAL

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A-5

PERSPECTIVES

NW - ARROYO COURT @ DRIVEWAY NE - ARROYO COURT @ EL CAMINO

SW - WEST 3rd AVENUE @ DRIVEWAY SE - WEST 3rd AVENUE @ EL CAMINO

INTERNATIONAL

SANMATEO

CALIFORNIA


PHONE: (415) 362-2880


TWO WEST3rd

AVENUE

10 FEBRUARY 2017



A-6b

ELEVATIONS

EL CAMINO REAL

WEST 3RD AVENUEWEST ELEVATION

ARROYO COURT

INTERNATIONAL

SANMATEO

CALIFORNIA


PHONE: (415) 362-2880


TWO WEST3rd

AVENUE

10 FEBRUARY 2017


RenderedNot For Construction

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SECOND & THIRD FLOORS

75x92.58 = 6,944 square feet2x140= +280 for decks & baysTOTAL = 7,224 square feet per floor

FORTH FLOOR

75x92.58 = 6,944 square feetminus open roof:8x39 = -31223x15 = -34542x21 = -882Sub Total =5,405 square feet2x79= +158 added decks & bayTOTAL R2 = 5,563

ROOF DECK21.67x23.5 = 51016.16x15 = 240TOTAL A3= 750 (include above)

minus

minus

minus

a

c

d

eFIRST FLOOR

a. 36.5x1.67 = 61b. 61.33x15.16 = 930c. 67.5x5.33 = 360d. 79.67x21.5 = 1,713e. 85.67x29.67 = 2,542TOTAL = 5,606 square feet

FIRST FLOOR 5,606SECOND FLOOR 7,224THIRD FLOOR 7,224FOURTH FLOOR 5,563TOTAL 25,617Habitable Square Footage(including decks)

BASEMENT 7,268 sfDouble High Automated Parkingin 14'-6" Volume

A-9

deck

deck

BASEMENT GARAGE

a. 3.67x20.67 = 76b. 15.67x9.33 = 146c. 75x62.75 = 4,706TOTAL = 4,928

a b cb

SQUAREFOOTAGES

INTERNATIONAL

SANMATEO

CALIFORNIA


PHONE: (415) 362-2880


TWO WEST3rd

AVENUE

10 FEBRUARY 2017


4 APRIL 2017

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El Camino Real

2 W 3rd Ave

RETAIL MAPRETAIL MAP

San MateoPublic Libarary

Children’s Services:Mills Health Center

De Anza Historic Park

Japanese Gardens

St. Matthew’s Catholic Church

San JoseSan Jose

Draper University

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Prime Peninsula Entitled Land | Two W 3rd Avenue, San ......SunEdison, NetSuite, Salesforce, and...

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