12 C NCORD CONCORD, CA O CONCORD AVENUE O...SHIFT YOUR VISION 1200 & 1220 CONCORD AVENUE C NCORD CONCORD, CA 1 2 O O EXCLUSIVE AGENTS BRECK LUTZ 925.974.0109 [email protected]

SHIF

T YOUR

VIS

ION

1200 & 1220CONCORD AVENUECONCORD, CAC NCORD

12OO

EXCLUSIVE AGENTSBRECK LUTZ 925.974.0109 [email protected] CA RE License #00936859ALEX GRELL 925.974 .0108 [email protected] CA RE License #01222891

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THE OFFERINGNewmark Cornish & Carey, as exclusive advisor, is pleased to

extend to qualifi ed investors the opportunity to acquire a 100%

fee-simple interest in Concord Airport Plaza (the “Property”),

located at 1200 & 1220 Concord Avenue in Concord, California.

Concord Airport Plaza consists of two 6-story offi ce buildings

totaling 350,256 rentable square feet. The Property also features a

3-story parking structure.

PROPERTY DETAILSADDRESS 1200 and 1220 Concord Avenue

Concord, California 94520

SQUARE FOOTAGE 350,256 Sq. Ft.

ACREAGE 7.94 Acres

CURRENT OCCUPANCY 100%

OCCUPANCY (Excluding Vacating Anchor Tenant) 25.7%

YEAR BUILT 1984 / 1985

# OF STORIES 6 Stories (2 Buildings)

PARKING RATIO 3.4 / 1,000 (1,194 Stalls)

3Executive Summary

PROPERTY SUMMARY

OWNERSHIP Sierra Pacific Properties

ADDRESS1200 and 1220 Concord AvenueConcord, California 94520

SQUAREFOOTAGE

±185,517 RSF & ±176,613 RSF

ACREAGE 7.94 Acres

YEAR BUILT 1984 / 1985

# OF STORIES 6 Stories (2 Buildings)

PARKING

3.4 / 1,000 (1,194 Stalls)50% in covered structureand 50% surface.2 EV Stations. More Being Added

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Executive Summary

Rapidly Improving Submarket Fundamentals With 540,000 sq. ft. of positive absorption, the North

I-680 Corridor witnessed its strongest year of leasing

activity since 1999 and recorded its ninth straight

quarter of positive absorption. More than half of the

leasing volume occurred in Concord, the strongest

performing submarket along the North I-680 Corridor. It

is widely anticipated that strong leasing fundamentals

will persist, as single digit vacancies and escalating

rents in Walnut Creek and Oakland continue to push

tenants to expand their search parameters.

Attractive Basis Priced Well Below Replacement Cost Strong market fundamentals and a robust local

economy continue to fuel global appetite for investment

in the Bay Area, pushing prices at or above historical

peaks. As a result, the Property affords investors the

opportunity to acquire a “Best-in-Class” asset at an

attractive basis relative to much of the Bay Area,

providing a signifi cant “cost basis” spread.

Situated on approximately 8 acres, 1200 Concord consists of two (2) Class A Office Buildings totaling approximately ±362,000 square feet

The project offers a lush garden setting highlighted by a central courtyard featuring a stunning water feature.

Parking is plentiful and is strategically distributed on the 8 acre site featuring 1,194 total stalls (approx. 3.4 stalls per 1,000 RSF) in which ½ stalls are located on the surface surrounding the project and the remaining within the four (4) story controlled access parking structure located on site just south and directly adjacent to the buildings.

The floor plates are approx. 31,000 SF and are highly efficient with 2 seperate 15,000 SF wings per floor. Each wing is basically a column free rectangle with window mullions on 5’ modules allowed for highly efficient planning. Suitable for large corporate users as well as Tenant’s seeking smaller spaces.

The project’s location has optimal freeway access to both Interstate 680 and Highway 242. BART is located just a few minutes away (1.7 miles away from the Project).

Existing dedicated shuttle to BART that operate every 15 minutes M-F during business hours.

1200 Concord is within walking distance to a host of amenities including Heritage Square (Trader Joe’s, Habit Grill, Panda Express, etc.). In addition, The Veranda will be opening in the spring 2018 and will bring a host of great restaurants and services within walking distance of 1200 Concord. (See attached amenities aerial).

Panoramic Mount Diablo views along the east side of the buildings.

Full time property management and engineering team on site

24 Hour Security

Current on site amenities include a project deli, showers / lockers, large conference center, ATM, and ample outdoor area. More amenities are soon to be added.

PROPERTY HIGHLIGHTS

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e

PITTSBURG /BAY POINT

DUBLIN /PLEASANTON

OAKLANDINTERNATIONALAIRPORT (OAK)

SAN FRANCISCOINTERNATIONALAIRPORT (SFO)

RICHMOND

FREMONT

CONCORD

12TH ST / OAKLAND CITY CENTER

HAYWARD

PLEASANT HILL

WALNUT CREEK

DALY CITY

EMBARCADERO

DOWNTOWN BERKELEY

POWELL ST

CIVIC CENTER

BART RICHMOND-MILBRAE

BART FREMONT-DALY CITY

BART RICHMOND-FREMONT

BART PITTSBURG/BAYPOINT-SFO

BART DUBLIN/PLEASANTON-MILBRAE

THE RICHMOND-MILBRAE LINE RUNSBETWEEN DALY CITY AND MILBRAEWEEKDAYS ONLY

THE DUBLIN/PLEASANTON-MILBRAELINE RUNS BETWEEN DALY CITY ANDMILBRAE WEEKNIGHTS AND WEEKENDS ONLY

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CONCORD BLVD

PORT

CHI

CAGO

HW

Y

CLAYTON RD

COWELL RD

MONUMENT BLVD

CONTRA COSTA BLVDDIAM

OND BLVD WILLOW PASS RD

TAYLOR BLVD

CONCORD AVE

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BART MAP

LOCATION MAP

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1200 CONCORD to VERANDA = 1,500 ft. (5 mins)

SUN VALLEY SHOPPING CENTERTHE WILLOWS SHOPPING CENTERHERITAGE SQUARE

C I N E M A

OFF-SITE AMENITIES

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Veranda Shopping Center

The Veranda Shopping Center is a planned 375,000

square foot shopping center with space for 50+ tenants

including a new Whole Foods concept grocery store,

a movie theatre, restaurants, and inline retail space.

Expected to open in later 2017, the project is being built

over a pervious 30 acre Chevron offi ce campus. The

project is already 85% pre-leased to a variety of tenants,

focusing on chef-driven restaurants as opposed to

chain eateries – as opposed to other centers in the

concord area. The Veranda will also boast large

open-park and gathering areas with gardens, trees,

water features, shaded areas, and space for live

entertainment.

Whole Foods has chosen

The Veranda as one of less

than 20 stores currently

scheduled across the nation

to debut its new concept

store, ‘365 by Whole Foods’. The name is tied to the

belief that health foods should be available to everyone

year round. The new, more modern, supermarket, is

tailored to the millennial generation by providing healthy

food at a discount while also incorporating technology

to expedite the grocery shopping process and reduce

overhead. ‘365’ will be one of the major anchors at The

Veranda, encompassing +30,000 square feet.

31Market Overview

The Veranda Shopping Center is a planned 375,000 SF shopping center with space for 50+ tenants including a new Whole Foods concept grocery store, a movie theatre, restaurants, and inline retail space. Expected to open in later 2017, the project is being built over a previous 30 acre Chevron office campus. The project is already 85% pre-leased to a variety of tenants, focusing on chef-driven restaurants as opposed to chain eateries - as opposed to other centers in the Concord area. The Veranda will also boast large open-park and gathering areas with gardens, trees, water features, shaded areas, and space for live entertainment.

Whole Foods has chosen The Veranda as one of less than 20 stores currently scheduled across the nation to debut its new concept store, ‘365 by Whole Foods’. The name is tied to the belief that health foods should be available to everyone year round. The new, more modern, supermarket, is tailored to the millennial generation by providing healthy food at a discount while also incorporating technology to expedite the grocery shopping process and reduce overhead. The ‘365’ will be one of the major anchors at The Veranda, encompassing +30,000 SF.

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Visit https://x.jetsuite.com/for more information

BURBANKLAS VEGASSAN JOSEMAMMOTH LAKESBOZEMAN

COMMERCIAL AIR SERVICE FROM PROJECT

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1200

1220

CONCORD AVE

JOHN GLENN DR

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PROPERTY DETAILS1200 CONCORD 1220 CONCORD

Address 1200 Concord Avenue, Concord, CA 94520 1220 Concord Avenue, Concord, CA 94520

Total Square Footage 185,517 RSF 176,613 RSF

Number of Buildings One One

Number of Floors Six Six

Year Built 1984 1985

Parcel Number 126-010-059 126-010-060

Acres 0.79 Acres 0.83 Acres

Zoning Planned Development Planned Development

Generation in Formation

ADDITIONAL PARCELS

Parcel Number126-010-061 - 1.40 acres (parking garage)126-010-062 - 8.00 acres (common area)

PARKING

Total Parking Spaces 1,194 spaces

Covered Spaces 598 Spaces

Surface Spaces 596 Spaces

Visitor Parking Spaces 23 Spaces

Disabled Parking Spaces 20 Spaces

BUILDING

SecurityCentral user entry is monitored by security, 24-hours per day, 7 days per week

Private TransportationPrivate Shuttle provided to all tenants for the express bus service to BART throughout the day

Public TransportationRoute 91X - Public transportation provided by Central Costa County Transit Authority (CCTA)

Patio Four each Building (located on sixth floor)

PROPERTY SUMMARY

1200 Concord 1220 ConcordAddress: 1200 Concord Avenue, Concord, CA 94520 1220 Concord Avenue, Concord, CA 94520Total Square Footage: 175,103 SF 175,153 SFNumber of Buildings: One OneNumber of Floors: Six SixYear Built: 1984 1985Parcel Number: 126-010-059 126-010-060Acres: 0.79 Acres 0.83 AcresZoning: Planned Development Planned Development

Additional ParcelsParcel Number - Acres: 126-010-061 - 1.40 acres (parking garage)

126-010-062 - 8.00 acres (common area)

ParkingTotal Parking Spaces: 1,194 spacesCovered Spaces: 598 spacesSurface Spaces: 596 spacesVisitor Parking Spaces: 23 spacesDisabled Parking Spaces: 20 spaces

BuildingSecurity: Central user entry is monitored by security,

24-hours per day, 7 days per week.Private Transportation: Private Shuttle provided to all tenants for the

express bus service to BART throughout the dayPublic Transportation: Route 91X - Public transportation provided by

Central Costa County Transit Authority (CCTA)Patio: Two each Building (located on sixth fl oor)

13Property Description

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PROPERTY DETAILS

Elevator SystemsNumber of Passenger Elevators: Three in Each BuildingNumber of Freight Elevators: 1200 Concord: Zero

1220 Concord: OneElevator Drive System: Passenger Elevators - Cable Traction

1220 Concord: Freight Elevator - HydraulicElevator Speed Rating: 350 FPMFreight Elevator Speed Rating: 1220 Concord: N/A

1220 Concord: 120 FPM

CeilingCeiling Height: 1200 & 1220 Concord: First Floor: 10' 2"

1200 & 1220 Concord: Floors 2-5: 8' 10"Slab-to-Slab Heights: 1200 & 1220 Concord: Lobby Level: 14' 2"

1200 & 1220 Concord: Floors 2-6: 13'Average Ceiling Heights: 1200 & 1220 Concord: 3' 6" ceiling to structure

1200 & 1220 Concord: 8" ceiling to bottom of beamCeiling Tile Grid: 1200 Concord: 2' x 2'

1220 Concord: 2' x 4'

Fire Life SafetyFire Sprinklers: 1200 & 1220 Concord: Yes

HVACSystem: 1200 & 1220 Concord: 2 Vane Axial Fans - 100,000 cfm each

-4 reciprocating Carrier Compressors - 100 ton each-8 exhaust fans - 25,000 cfm eachBuilding Cooling: VAV system, zoning based on fl oor build outBuilding heating: VAV system, 8 zones per fl oor on perimeter

HVAC Controls: 1200 & 1220 Concord: Both Buildings Utilize a Johnson Metasys digital EMS system with DDC controls for the major HVAC equipment. VAV boxes are controlled by Shaw pneumatics

MiscellaneousCard Access: 1200 & 1220 Concord: YesLoading Dock Card Entrance:

1200 Concord: N/A1220 Concord: Yes

Roof Construction: 1200 & 1220 Concord: A Carlisle .060 mil TPO (Tri-Polymer-Olefi n) single-ply roof system was installed over a Conglas 4-ply fi berglass roof system with Concrete - Type 1 (fi re resistive)

Construction Type: 1200 & 1220 Concord: Poured in place concrete; Concrete- Type 1 (fi re resistive)

Live Load Capacity Per Floor:

1200 & 1220 Concord: 100 lbs per SF

14Property Description

ELEVATOR SYSTEMS MISCELLANEOUS

Number of Passenger Elevators

Three in Each Building & Two in Parking Structure Card Access 1200 & 1220 Concord: Yes

Number of Freight Elevators

1200 Concord: Zero1220 Concord: One (only goes to floors 1-4)

Loading Dock Card Entrance

1200 Concord: N/A1220 Concord: Yes

Elevator Drive SystemPassenger Elevators - Cable Traction1220 Concord: Freight Elevator - Hydraulic

Roof Construction 1200 & 1220 Concord: A Carlisle .060 mil TPO (Tri-Polymer-Olefin) single-ply roof system was installed over a Conglas 4-ply fiberglass roof system with Concrete - Type 1 (fire resistive)Elevator Speed Rating 350 FPM

Freight Elevator Speed Rating

1200 Concord: N/A1220 Concord: 120 FPM

Construction Type1200 & 1220 Concord: Poured in place concrete; Concrete - Type 1 (fire resistive)

Live Load Capacity Per Floor

1200 & 1220 Concord: 100 lbs per SF

CEILING On-Site GeneratorsTwo (2) generators exist on site (each 1250 kw) capable of supporting the entire buildings in full operation

Ceiling Height1200 & 1220 Concord: First Floor - 10’2”1200 & 1220 Concord: Floors 2-5 - 8’10”

Slab-to-Slab Heights1200 & 1220 Concord: Lobby Level - 14’2”1200 & 1220 Concord: Floors 2-6 - 13’

Average Ceiling Heights1200 & 1220 Concord: 3’6” ceiling to structure1200 & 1220 Concord: 8” ceiling to bottom of beam

Ceiling Tile Grid1200 Concord: 2’ x 2’1220 Concord: 2’ x 4’

FIRE LIFE SAFETY

Fire Sprinklers Yes

HVAC

System

1200 & 1220 Concord: 2 Vane Axial Fans - 100,000 cfm each-4 reciprocating Carrier Compressors - 100 ton each-8 exhaust fans - 25,000 cfm eachBuilding Cooling: VAV system, zoning based on floor build outBuilding Heating: VAV system, 8 zones per floor on perimeter

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SITE PLAN

1200

1220

12001220

1220

1200

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FLOOR PLANHYPOTHETICAL | FULL FLOOR TENANT SUITE

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FLOOR PLANFLOOR 1 | ±28,756 RSF1

200

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200 TRAINING

sv

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200

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200

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200

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200

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220

SUITE 100±3,590 SF

SUITE 150±6,056 SF

SUITE 175±4,319 SF

SUITE 160±1,874 SF

SUITE 140±3,728 SF

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220 KITCHEN

TRA

ININ

G

ELEVATO

RK

ITCH

EN

LEASED

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220

COMMON

CONFERENCE

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Sustainable Job Growth Increases Demand For Class A Offi ceSan Francisco total employment has surpassed 2007

pre-fi nancial crisis levels and is trending to exceed

peak employment seen in 2000, driven by substantial

growth in the technology sector by companies such as

Google, Facebook, Twitter, and Salesforce, among others.

Historically, Class A rents in San Francisco have tracked

closely with total employment. As total employment

continues to expand, demand for Class A offi ce space will

push rental rates to new market cycle-highs.

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

$55.00

$60.00

$65.00

$70.00

$75.00

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Asking Rents Class A Unemployment Rate

S A N F R A N C I S C O C L A S S A A S K I N G R E N T S V S U N E M P L OY M E N T R AT E

27Market Overview

1200 & 1220CONCORD AVENUE

CONCORD, CA

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EXCLUSIVE AGENTS

BRECK LUTZ 925.974.0109 [email protected] CA RE License #00936859

ALEX GRELL 925.974 .0108 [email protected] CA RE License #01222891

Documents

12 C NCORD CONCORD, CA O CONCORD AVENUE O...SHIFT YOUR VISION 1200 & 1220 CONCORD AVENUE C NCORD CONCORD, CA 1 2 O O EXCLUSIVE AGENTS BRECK LUTZ 925.974.0109 [email protected]