4460 $4,500,000 – $309/SF// CAP RATE 5.25% ON CURRENT INCOME, 6.2% ON PROFORMA

// STAND ALONE LEASED BANK BRANCH

// IN-LINE LEASED INVESTMENT OPPORTUNITY

S A N R A F A E L

REDWOOD HIGHWAY

> >> HADEN Ongaro415.526.7649hongaro@ngkf.com CA RE License #00916960

MARK Carrington415.526.7650 mcarrington@ngkf.com CA RE License #01219528

ALISA Belew415.526.7663abelew@ngkf.com CA RE License #01821371

O F F E R I N G M E M O R A N D U M

EXTERIOR WORKo Plastering of the Bank of Marin Buildingo Plastering of the Inline Buildingo New Cool Roof and HVAC Systemo New landscaping and irrigation systemo Complete renovation of the common area restrooms to ADA code as of 2008o Fence upgrades

PARKING LOTo Asphalt repairso New Stripingo Curb repairso ADA ramps and signage

ELECTRICAL UPGRADESo New pad for transformer and trench to PG&E poleo Installation of a PG&E vaulto New electrical wiring, conduits, and subpanels within the suiteso Installation of gas lines and individual gas meters for each suiteo Electrical work for exterior signage

NEWMARK KNIGHT FRANK, exclusive listing agent, is pleased to present the opportunity to purchase the fee-simple interest in the property located at 4460 Redwood Highway in San Rafael, California (“the property”).

4460 Redwood Highway (APN 155-131-29) occupies an approximately 47,480 square foot (1.09 acre) fl at triangular parcel and located adjacent to US Hwy-101. The site is improved with two single-story commercial buildings, a large parking area, private patios, and is accessed easily (with two curb cut outs) from Redwood Highway.

The property is off ered on an as-is, where-is basis and off ers the following benefi ts of ownership:

• EXCELLENT FREEWAY VISIBILITY: 4460 Redwood Highway is located adjacent to Park n’ Ride, San Rafael Airport, McInnis Pakr and US Hwy-101, the region’s major freeway, linking San Francisco through Marin County to the wine country and vibrant commercial and residential communities to the North.

• STRONG TENANCY: Anchored by a ±2,400 square foot stand-alone branch of Bank of Marin, one of the region’s most fi nancially stable and well-regarded fi nancial institutions, the Property is 86% leased to a diverse, e-commerce resistant tenancy. Many of these tenants have called 4460 Redwood Highway home for over 10 years. Flexibility to lease to both offi ce and retail tenants provides a strong base of tenant prospects.

• HIGH QUALITY IMPROVEMENTS: Current ownership of over 18 years has made signifi cant investment in maintaining the Property to the highest standards with approximately $700,000 of upgrades and tenant improvements completed within the last 10 years. Some of these upgrades include the following;.

• AADT is over 175,000 vehicles daily in each direction on 101 past the property• Over 9,000 vehicles daily drive past the property on Redwood Highway• Over 12,000 vehicles daily at Smith Ranch Road and Redwood Highway

4460 Redwood Highway is located within one mile of 4.3 million square feet of commercial space, employees and clients of: Kaiser Permanente, Fair Isaac Corporation (FICO), AAA, Social Security Administration, Star Academy, County of Marin and YMCA. The property provides an excellent location for services to their employees and clients.

SURROUNDING PROPERTIES:The property is located on the northern end of the Redwood Frontage Road, near the major Intersection of Smith RanchRoad and Redwood Highway. Nearby parks include Mont Marin Park, Oleander Park and Santa Margarita Island Preserve. Executive housing in affl uent neighborhoods like Lucas Valley, Marinwood and residential developments along Smith Ranch Road and Terra Linda, all fall within the trade area served by the Property.

The property is located within 1 mile of 4.3 million square feet of commercial real estate, with major corporate entities and hundreds of entrepreneurial companies in the Northgate area all within a comfortable walking distance of 4460 Redwood Highway, including;

• McInnis Park Golf Center• McInnis County Park• Northgatge Industrial Vineyards• Smith Ranch Road• San Rafael Airport• County of Marin• YMCA• Marin Cheese Company

• Northgate Industrial• Kaiser Permanente• AAA• Fair Isaac Corporation (FICO)• Star Academy• Marin County Health & Human Services• Lucas Valley• Marinwood• Century Regency Theater

4460REDWOOD HIGHWAY

PROMINENT LOCATION:4460 Redwood Highway has excellent frontage on Redwood Highway, with prominent freeway visibility. The property also abuts asmall portion of Gallinas Creek, which gives its tenants privacy and serene patio areas to enjoy. Visitors to major county facilities likeMcInnis Park, San Rafael Airport and the extremely popular Century Regency Theater, all drive by the main access point to theProperty.

PARKING: The property enjoys 59 on-site parking stalls, including 4 handicapped parking stalls for a ratio of 4:1000 sf of rentable space. There are also plentiful public transportation options nearby, and car sharing is available from Relay Rides directly across the street.

FLOOD ZONE:Per FEMA – The property is located in fl ood zone X with fl ooding expected every 100 - 500 years, properites located in this zone do not require fl ood insurance.

TITLE:(Covenants, Conditions & Restrictions, Easements)

The property is encumbered by utility easements that positively aff ect the operation of the Property.

DEMOGRAPHICS: 1 MILE 3 MILE

PopulationHouseholdsAverage AgeMedian HH IncomeDaytime EmployeesPopulation Growth ‘17-’22Household Growth ‘17-’22

9,6994,28943.60

$82,22810,3243.8%4.0%

54,75122,78043.40

$97,52722,969

3.4%3.5%

SIGNAGE: Prominent building identifi cation and signage provide tenants with excellent exposure to the heavy traffi c count on Hwy-101. The current signage program creates consistency and off ers lighted exterior signs, further increasing visibility.

ZONING: Zoning for 4460 Redwood Highway is (O) Offi ce District with a land use of 51: Commercial.

4460REDWOOD HIGHWAY

o Western Independent Bankers, 2016 Community Bank

of the Year

o Raymond James, 2016 Community Bankers Cup

o North Bay Business Journal Corporate Philanthropy Award

Winner, 2018 – for the fourth year in a row

o San Francisco Business Times Top Corporate Philanthropist,

2017

o Marin Independent Journal Readers’ Choice Poll 2018, Best

Bank, Best Local Company and Most Community-Minded

o Pacifi c Sun Readers Poll 2017, Best Business Bank and Best

Consumer Bank

o North Bay Business Journal Best Places to Work 2017

o NorthBay biz Magazine, North Bay’s Best 2017, Best Company

to do Business with in Marin County

o Bank Director Magazine “Bank Performance Scorecard” List

Founded in 1989 and headquartered in Novato, Bank of Marin is the wholly-owned subsidiary of Bank of Marin Bancorp (NASDAQ: BMRC) and

in November 2017 acquired Bank of Napa, N.A. (OTCQB: BNNP), further accelerating its growth. A leading business and community bank in

the San Francisco Bay Area, with assets of $2.5 billion and 23 offi ces throughout San Francisco, Marin, Napa, Sonoma and Alameda counties,

Bank of Marin provides business and personal banking, commercial lending, and wealth management and trust services. Bank of Marin has

received the highest possible BauerFinancial 5 Star Superior rating for over 17 straight years. BauerFinancial reports and analyzes the perfor-

mance of U.S. banks and credit unions and does not accept fees for their ratings. Bank of Marin is the only bank headquartered in Marin Coun-

ty to be awarded the superior 5 Star rating. The investment portfolio totaled $572.9 million at March 31, 2018, compared to $483.5 million at

December 31, 2017 and $414.0 million at March 31, 2017. Net interest income totaled $21.9 million in the fi rst quarter of 2018, compared to $20.1

million in the prior quarter. The $1.8 million increase in net interest income from the prior quarter refl ects $170.0 million growth in average

earning assets.

Bank of Marin Bancorp is included in the Russell 2000 Small-Cap Index and NASDAQ ABA Community Bank

Index. For more information, go to www.bankofmarin.com.

Specializing in providing legendary service to its customers and

investing in its local communities, Bank of Marin has established

an outstanding record of awards and accomplishments includ-

ing the following:

4460REDWOOD HIGHWAY

2,577 SF

635 SF

992 SF

640 SF

934 SF

425 SF

1,067 SF

960 SF

2,400 SF 720 SF

1,114 SF

2,099 SF

BUILDING 2 IN-LINE MIXED USE

12,163 SFBUILDING 1

LUCAS VALLEY CLEANERSA HEAD OF

TIME SALON

VACANT

TENANT OVERVIEW

Marin CountyCivic Center

LEGEND

������������ ������������������������������������������ ��!"#�$�%������&�'���(��)�"�����&*����)��%�����+������,�))$��&���!�$�-���*.���� �/$����"������*�.!������*��0��������*������������)�����0�������������/���1����%�/�!�

����

���������

� �������������������

Park n’ Ride

SANTA MARGARITAISLAND PRESERVE

dde

MANUEL T FREITAS PKWY

NORTHGA

TE DR

CIVIC CENTER DR

MERRYDALE RD N SAN PEDRO RD

ESMEYER DR

SMITH RANCH DR

LAS G

ALLIN

AS AV

E

DEL GANADO RD

ITSM

H RAITH RA CH D

ANC

SMSMITMITMITHTH RH DRH D

4460REDWOOD HIGHWAY

Northgate III Shopping Center

400-496 Las Gallinas Ave

Size: 240,451 SF / 5.52 Acres

Date: 1.11.2018

Price: $24,575,500

Price/SF: $344.83

4144 Redwood Hwy

Size: 11,326 SF / .26 Acres

Date: 4.4.2018

Price: $1,475,000

Price/SF: $327.78

Union Bank of California

1248 5th Ave

Size: 9,570 SF

Date: 1.03.2018

Price: $3,000,000

Price/SF: $626.96

Grand Landing

777 Grand Avenue

Size: 12,807 SF

Date: 11.02.2017

Price: $5,900,000

Price/SF: $460.68

4460REDWOOD HIGHWAY

COMPARABLES SALES

4460REDWOOD HIGHWAY

FINANCIAL ANALYSISIn Place Income Analysis

Analysis Start Date 10/1/18Square Feet 14,563 Income Per Month AnnualRents $30,138 $361,652Tax Pass Through^ $80 $956OpEx Pass Through^ $221 $2,657Effective Gross Rent $30,439 $365,264Vacancy Vactor 5% ($18,263.20)Adjusted Gross Rent $347,001

Expenses $/SF AnnualTaxes* $3.80 $55,327Insurance $0.32 $4,629Janitorial $0.68 9,947.27$ Garbage $0.73 10,626.51$ Landscaping $0.36 $5,256Repairs & Maintenance $0.60 $8,738Utilities $0.36 $5,313Management 3% EGR $10,958Total Expenses $7.61 $110,794

Net Operating Income $236,207

*Taxes, Assessments and Bonds based on Ask Price. **Operating expenses based on 3% inflation of owners actual 2017 expenses except where indicated.

^All tenants except Suite 9 have Prop 13 protection. Landlord has not collected pass throughs from Suite 9.

18-0600.07/2018

The distributor of this communication is performing acts for which a real estate license is required. The information contained herein has been obtained from sources deemed

reliable but has not been verifi ed and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and

availability are subject to change or withdrawal without notice.

1101 Fifth Avenue Suite 230, San Rafael, CA 94901

www.ngkf.com

HADEN Ongaro 415-526-7649hongaro@ngkf.comCA RE License #00916960

MARK Carrington 415-526-7650mcarrington@ngkf.comCA RE License #01219528

ALISA Belew 415-526-7663abelew@ngkf.comCA RE License #01821371

4460REDWOOD HIGHWAY