1941University Avenue “The Gate Way to the City of Berkeley” Excellent Downtown Location & High Visibility.

Presented by… Our Land RealtyOur Land Realty&Funding Deborah Matthews, BrokerDeborah Matthews, Broker o

Total sq ft approx.7, University Café 1817 sq ft 1941 University Office 2900 sq ft 1984 Bonita 2000 sq ft 1986 Bonita 1000 sq ft Building at 100% occupancy. Rental schedules available upon request Approx $16,000 monthly income 1941 University Ave. General Site Information

Current Use: Office/ Retail/Café Lot size: Approx. 5,000 sq. ft. Lot size: Approx. 5,000 sq. ft.

Current Asking Price: $2.4 million Asking PriceAsking Price Current $2.5 millionCurrent $2.5 million Original $3.5 millionOriginal $3.5 million Located on University Ave “Gateway to the City”Located on University Ave “Gateway to the City” Site offers Southern exposure awash with natural lightSite offers Southern exposure awash with natural light Open work space environmentOpen work space environment Near U. C. Berkeley &Near U. C. Berkeley & The New Trader Joe’s (fall 2009)The New Trader Joe’s (fall 2009)

Buyer Information Site is retrofitted as per City of Berkeley codes and requirements.Site is retrofitted as per City of Berkeley codes and requirements upgrades of all interior spaces, include kitchen areas, bathrooms and common areas upgrades of all interior spaces, include kitchen areas, bathrooms and common areas Cat 6 cables for networkingCat 6 cables for networking Security system and electronic entrySecurity system and electronic entry

Our Neighbor Projects 2119 University Ave.2119 University Ave. ~44 units~~44 units~ developer Patrick Kennedy (2004)developer Patrick Kennedy (2004) 2004 University Ave.2004 University Ave. ~35 units~~35 units~ developer Patrick Kennedy (2004)developer Patrick Kennedy (2004) 1801 University Ave.1801 University Ave. ~29 units~~29 units~ developer Patrick Kennedy (2003)developer Patrick Kennedy (2003) 1370 University Ave.1370 University Ave. ~71 units~~71 units~ developer Patrick Kennedy (2004)developer Patrick Kennedy (2004)

Site Redevelopment We are pleased to announce that the City of Berkeley has completed the development standards preliminary application approval letter for this existing siteWe are pleased to announce that the City of Berkeley has completed the development standards preliminary application approval letter for this existing site We are excited to offer information to support redevelopment of 5 stories commercial mixed use at this location (with inclusionary housing)We are excited to offer information to support redevelopment of 5 stories commercial mixed use at this location (with inclusionary housing) Upon approval of redevelopment plans and entitlement, estimated site value will be approximately $15, Upon approval of redevelopment plans and entitlement, estimated site value will be approximately $15,

Value with entitlements $28, The 1927 University Asking price of $1.3 millionThe 1927 University Asking price of $1.3 million (seller is open to offer based on development of the 1941 University site)(seller is open to offer based on development of the 1941 University site) approval of development plans and entitlements, estimated value is $13 million approval of development plans and entitlements, estimated value is $13 million Total estimated value of1941/27 sites with development approval and entitlements is approx.Total estimated value of1941/27 sites with development approval and entitlements is approx. $28 million$28 million

Site acquisition cost for 1941 University Ave 1941 site acquisition $2,400, site acquisition $2,400, site acquisition $1, site acquisition $1, Estimated project construction of approximately 40 units $ 5, Estimated project construction of approximately 40 units $ 5, *includes ground level parking meeting City of Berkeley requirements*includes ground level parking meeting City of Berkeley requirements Total estimated project CostTotal estimated project Cost $ 8, $ 8,

Project Plan Project PlanProject Plan DeTienne ArchitectsDeTienne Architects San Francisco, CaliforniaSan Francisco, California The City of Berkeley has identified need for median income “for sale” condos in the downtown areaThe City of Berkeley has identified need for median income “for sale” condos in the downtown area Plans include eco-friendly parkingPlans include eco-friendly parking The Klaus Parking System The Klaus Parking System

Klaus Parking Systems Inc. offers a wide range of Stack Parkers and Automatic Parkers to make optimal use of available car parking space. Founded in 1907 Klaus Car Parking System has a long history of providing reliable parking systems throughout the world. Since first hitting the market in 1964, Klaus Parking Systems has steadily increased the number of stack parker and automatic parker models to suit a variety of needs. Today, Klaus Parking Systems is the world’s leading car parking system manufacturer and you can find Klaus Parking System just about anywhere in the world where a smart car parking space solution is required.

Pro Forma Pro forma based on original asking price, adjustments for reduced price required

For Your Personal Showing Our Land RealtyOur Land Realty Deborah MatthewsDeborah Matthews broker broker