CAPITAL MARKETS | INVESTMENT PROPERTIES

INVESTMENT OFFERING | FALL 2017

Fully Renovated Investment Opportunity in San Francisco’s Mission District

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SHOTWELL STREET SAN FRANCISCO, CA

THE OFFERING

CBRE, as exclusive advisor, is proud to offer to qualified investors the opportunity to acquire a fee simple interest in 22-24 Shotwell Street (the “Property” or “Building”), a meticulously maintained mixed-use “jewel box” located in the heart of the Mission District, San Francisco’s most vibrant neighborhood. 22-24 Shotwell is a newly renovated two story building providing approximately 8,000 rentable square feet of building area, fully leased to two quality tenants. The Property is being offered on an “as-is, where-is” basis.

The Property was constructed in 1965 and completely renovated in 2015 and 2016 included all new interiors with high-end finishes and new building systems. Tenant spaces include glass-walled meeting rooms and offices, skylights, kitchens with stainless steel appliances, updated rest rooms on each floor and upgraded patio and roof deck. The recent upgrades ensure little near-term capital will be needed and greatly minimize future re-leasing costs. The building is 100% leased to design specialists Matter and digital insurance brokerage Embroker, providing stable secure cash flow with mark-to-market future upside as leases rollover.

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SHOTWELL STREET SAN FRANCISCO, CA

Best-in-Class Creative

Renovation

Fully Leased Providing Stable

Cash Flow

Prominent Mission District

Location

PROPERTY ADDRESS 22&24 Shotwell Street San Francisco, CA 94103

OFFERING PRICE $5,900,000

RENTABLE AREA (PER LEASES) 8,000 square feet

YEAR BUILT / LAST RENOVATED 1965 / 2015 & 2016

% LEASED 100%

ZONING UMU- Urban Mixed-Use, City of San Francisco

IN-PLACE YEAR ONE NET OPERATING INCOME ±$380,000

IN-PLACE CAP RATE (INCLUDING RESET TAXES) 6.44%

PROPERTY SUMMARY

BART LINE/16 & MISSIO

N STATION

VALEN

CIA

STREET RESTAU

RAN

T ROW

101 101

THE MISSION DISTRICT: Hip, vibrant, abundant amenities and rich with culture

§ Thousands of new residential units units have been recently completed, are planned or under construction in the Mission, Showplace Square and Potrero Hill

§ Direct access to Highway 101 and Interstate 280, the main connection to the Peninsula and Silicon Valley

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SHOTWELL STREET SAN FRANCISCO, CA

BART LINE/16 & MISSIO

N STATION

VALEN

CIA

STREET RESTAU

RAN

T ROW

101 101

THE MISSION DISTRICT: Hip, vibrant, abundant amenities and rich with culture

§ Robust demand from tenants with executives living in the Mission who want to walk or bike to work

§ Outstanding public transportation options: two BART stations and 10 different bus lines service the area

§ The City’s best food scene

§ Local stops for all major tech employers’ private bus lines

Newly renovated tenant spaces, built for the modern workforce, in the heart of the Mission District

INVESTMENT HIGHLIGHTSExtensive Recent Renovations

§ 22-24 Shotwell has been thoroughly renovated over the past 2+ years, including brand new tenant interiors and upgraded building systems throughout. These extensive improvements will greatly minimize any additional capital expenditures and future re-leasing costs.

Ideal 1031-Exchange Property

§ As a fully leased, recently renovated asset with strong in-place cash flow and low management responsibilities 22-24 Shotwell represents an impeccable exchange property.

Excellent Market Fundamentals

San Francisco’s market fundamentals continue to be among the strongest in the nation:

§ Average direct office vacancy rates across San Francisco remain below 6.5%, down over 50% from their 2010 highs. Average asking rental rates remain steady at all-time highs across all products types.

§ The city has experienced positive net absorption of office space in 23 of the previous 24 quarters.

§ The “Maker Movement” has transformed San Francisco’s light industrial marketplace for the 21st century, with pursuits including robotics, 3-D printing and automation changing the future today.

§ The San Francisco Bay Area remains at the top of investors’ wish-lists as a premier global gateway market.

Delivered Free and Clear

§ The Property will be delivered free and clear of existing financing, allowing a new owner to capitalize the transaction in their preferred manner

Residential Development Potential

§ With zoning that allows residential uses, a 50’ height limit and access easements with the adjacent property, 22-24 Shotwell Street has excellent future residential development potential.

© 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_08_2017

FOR M ORE I NFORMATION, PLEASE CONTACT:

JOSH PETERSON First Vice President+1 415 291 1712josh.peterson@cbre.com Lic. 01455490

CAPITAL MARKETS | INVESTMENT PROPERTIES

CBRE, INC.101 California Street 44th Floor San Francisco, California 94111

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SHOTWELL STREET SAN FRANCISCO, CA