AVAILABLE FOR SALE | $3,600,000 · 155 n. redwood drive san rafael | ca 155 n. redwood, san rafael, ca sba 504 loan structure - owner to occupy entire building use of funds psf building

1 5 5 N . R E D W O O D D R I V ES A N R A F A E L | C A

Whitney StrotzExecutive Managing Director+1 415 451 2406 [email protected] #01351397

Bryan VidinskyDirector +1 415 451 2409 [email protected] #01858696

A V A I L A B L E F O R S A L E | $ 3 , 6 0 0 , 0 0 0

The Offering • ±11,263 square foot office building• Asking price $3,600,000 ($320 per square foot)• Two story building with extensive glass line• Monthly cell tower income from Verizon Wireless

Owner/User Opportunity• Pride of ownership asset in a competitive market with

limited supply• Favorable SBA lending terms available• Fixed occupancy costs and future appreciation • Approximately 70% (±8,163 sqft) of the building can be delivered

vacant at time of sale

Premier North San Rafael Location• Located in a professional office development• Quiet campus setting• Hilltop views and large courtyard common area• Ample parking, easy freeway access to US 101 and

surrounding amenities

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawn. An interested party should verify the status of the property and the information herein.




Asking Price $3,600,000 / $320 PSF

Address 155 North Redwood Drive, San Rafael, CA 94903

Parcel Number APN 155-271-02

Parcel Size +/-5,652 square feet + Common areas subject to HOA

Gross Building Area +/-11,263 square feet

Year Building Constructed 1981

Stories Two (2)

Zoning/Use (O) Office

Tenancy One ground floor office tenant occupying +/-3,100sqft leased through February 2019, all of second floor and an additional ground floor suite can be delivered vacant at time of sale, for a total of ±8,163sqft

Cell Tower Verizon cell tower, monthly income $1,853. Term through 10/31/25

Type of Construction Wood frame, wood siding and stucco

Parking Private parking lot, approximately 3 spaces per 1,000sqft of building area

Fire Sprinklers Yes

Roof Pitched roof, composite shingle, replaced in 2011

Electric Each floor separately metered with house meters for common area electric use.

Elevator No

Flood Designation Not in flood zone

Owners Association Rafael North Executive Park Owner Association, Annual dues approximately $7,800 per year

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E X T E R I O R P H O T O S

155 N Redwood Drive | San Rafael | CA 55

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155 N. Redwood, San Rafael, CA SBA 504 LOAN STRUCTURE - Owner to Occupy Entire Building

USE OF FUNDS PSFBUILDING ACQUISITION $3,600,000 $320IMPROVEMENTS $250,000SBA/CDC FEES $77,000

TOTAL PROJECT COST $3,927,000 $349

SOURCE OF FUNDS AMOUNT RATES MATURITY COLLATERALBank 50% $1,963,500 5.50% 25 Years * 1st Deed

25 Years Amort.

SBA 40% $1,570,800 5.35% 25 Years 2nd DeedFull Amort.

BORROWER 10% $392,700

TOTAL $3,927,000

ESTIMATED COST TO OWN LOAN MONTHLY ANNUAL

AMOUNT PAYMENT PAYMENTBank 1st $1,963,500 (12,058)$ (144,691)$

SBA 2nd $1,570,800 (9,506)$ (114,071)$

Rental Income (Cell Tower) 1,853$ 22,236$

TOTAL $3,534,300 (19,710)$ (236,526)$

PSF 1.75$ 21.00$

RATES & TERMS: SBA: interest rate is fixed at the time of the debenture sale; current effective rate is shown.BANK: Rate is fixed for 5 years. Rate shown is estimated as of August, 2018. Other FIXED / VARIABLE products are available.

COLLATERAL: 90% LTV financing may require additional collateral.

ELIGIBILITY: Borrowers must meet SBA program qualifications to be eligible for the 504 program.

ESTIMATED SBA/CDC Fees: 2.15% of SBA loan amountFEES: Bank Fees: 1.00% of 1st mortgage.

OTHER COSTS: Appraisal, environmental reports (if required), construction monitoring, escrow closing costs, including insurance and legal closing costs and other costs.

This analysis has been prepared by Cushman & Wakefield, to be used for illustration and demonstration only. These terms and provisions are for discussion purposes only. This is not an offer to extend credit. Any commitment to make a loan by the Bank or Broker.must be in writing and so state the Bank's commitment. If any credit is subsequently committed by the Bank, the borrower would be requiredto execute documentation that is in form and in substance satisfactory to the Bank. Some terms and provisions may be different from or in addition to those stated above.

NNN RENT EQUIVALENT

Whitney StrotzManaging Director

+1 415 451 2406 [email protected]

LIC #01351397

Bryan VidinskyDirector


LIC #01858696

This analysis has been prepared by Cushman & Wakefield, to be used for illustration and demonstration only. These terms and provisions are for discussion purposes only. This is not an offer to extend credit. Any commitment to make a loan by the Bank or Broker. must be in writing and so state the Bank’s com-mitment. If any credit is subsequently committed by the Bank, the borrower would be required to execute documentation that is in form and in substance satisfactory to the Bank. Some terms and provisions may be different from or in addition to those stated above.

S A N R A F A E L

S A N R A F A E L

L U C A S V A L L E Y R O A D

S M I T H R A N C H R O A D

S A U S A L I T O

S A N F R A N C I S C O

N O V A T O



LIC #01351397



LIC #01858696



LIC #01351397



LIC #01858696

MARIN CIVIC CENTER



LIC #01351397



LIC #01351397



LIC #01351397

155 N REDWOOD DRNORTHGATE MALL APPLEBEE’S BJ’S RESTAURANT | BREWHOUSE BERRY TWIST BROW ARC DRY BAR CENTURY THEATRES CHIPOTLE MEXICAN GRILL GAP / GAP KIDS / BABY GAP GLORIA JEAN’S COFFEES H&M HOMEGOODS KOHL’S LIZZY’S COFFEE SHOP MACY’S METRO PCS NORTHGATE NORTHGATE BEAUTY SHOP & SALON PANDA EXPRESS PANERA BREAD PEET’S COFFEE & TEA RITE AID ROADSIDE BBQ SHOGUN FRESH JAPANESE GRILL SUBWAY T-MOBILE US BANK

VERIZON WIRELESS

SAN RAFAEL



LIC #01858696



LIC #01858696

Disclaimer and Confidentiality Statement

Cushman & Wakefield has been engaged as exclusive advisors to the Seller (the “Seller”), in connection with Seller’s solicitation of offers for the purchase of 155 N. Redwood Drive, San Rafael, Califronia (“The Property”). Said solicitation and potential sale to be governed by this Confidential Offering Memorandum, as it may be modified or supplemented (the “Offering Memorandum”) and a purchase agreement. Prospective purchasers are advised that as part of the solicitation process, Seller will be evaluating a number of factors including the current financial qualifications of the prospective purchaser. Prospective purchasers are further advised that the Seller expressly reserves the right in its sole and absolute discretion to evaluate the terms and conditions of any offer and to reject any offer without providing a reason therefore. Further, Seller reserves the right to terminate the solicitation process at any time prior to final execution of a purchase agreement. The Property is being offered on an “AS IS” basis.

This Offering Memorandum is furnished to prospective purchasers on a confidential basis solely for the purpose of prospective purchasers determining whether or not to submit an offer to purchase the Property. The information contained herein, or any other related information provided by Seller may not be reproduced, redistributed, or used in whole or in part for any other purpose.

No person has been authorized to give any information or to make any representation or warranty, either express or implied, other than that contained in an executed purchase agreement subject to any disclaimer or limitations set forth therein. Information or representations given or made in any other form, should not be relied upon. While Seller has no reason to believe that the information provided herein, or in the due diligence materials, contains any material inaccuracies, neither Seller nor any of its respective officers, directors, shareholders, owners, employees, agents, members, managers, etc., make any representations or warranties, express or implied, as to the validity, accuracy or completeness of the information provided or to be provided except as may be set forth in an executed purchase agreement, subject to any disclaimers or limitations set forth therein. Without limiting the generality of the foregoing sentence, nothing herein shall be deemed to constitute a representation, warranty or promise by Seller or any of its respective officers, directors, shareholders, owners, employees, agents, members, managers, etc., as to the future performance of the Property or any other matters set forth herein.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in the Due Diligence Materials, shall be limited to those expressly provided in an executed purchase agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or any of its officers, directors, shareholders, owner’s employees, agents, members, managers, etc., for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

Prospective purchasers are not to construe the contents of this Offering Memorandum, any Due Diligence Materials or any prior or subsequent communications from Seller or any of its respective officers, directors, shareholders, owners, employees, agents, members, managers, etc. as legal, tax or other advice. Prior to submitting an offer, prospective purchasers should consult with their own legal counsel and personal and tax advisors to determine th e consequences of an investment in the Property and arrive at a n independent evaluation of such investment.





Documents

AVAILABLE FOR SALE | $3,600,000 · 155 n. redwood drive san rafael | ca 155 n. redwood, san rafael, ca sba 504 loan structure - owner to occupy entire building use of funds psf building