258 LITTLEFIELD AVENUE - SOUTH SAN FRANCISCO, CA OFFERING MEMORANDUM
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O FFE R ING M E M O RA N DU M
258 LITTLEFIELD AVENUE
SOUTH SAN FRANCISCO, CA
TA BL E OF C O NT E N T S
1 . P r o p e r t y Overvi ew
2 . S i t e / B ui l d i n g Pl a n s
3 . L o c a t i o n Ma p
4 . A m e ni t y Ma p
5 . Z o n i ng Det a i l s
6 . M a r k e t An a l yt i cs
7 . D e m o g r a p h i cs
8 . L e a s e C o mp s
EXCLUSIVE LISTING BY:
JESSE STEINHART
1575 Bayshore Hwy Suite 100
Burlingame CA 94010
Office (650)344-2460
Cell (650)464-4069
jsteinhart@cbcburlingame.com
BRE 01909200 OF F E RIN G M E M ORA N D U M
258 L I T T L EFI EL D A V EN UE
P RO P E R TY O V E RVIEW
The South San Francisco East of 101 Freeway Submarket’s location has The largest deal so far is Kilroy Realty Corporation’s purchase of
made it the ideal place for lastmile distribution companies—and other Greenland USA’s redevelopment project at Oyster Point consisted of
companies looking for a larger logistics footprint—trying to service the city five industrial buildings as well as the ground leases and entitlement
of San Francisco without paying outsized rents. The submarket is home to for 2.5 million SF of office/lab development for a total of $308 million.
companies such as IT service management company DataSafe, Inc (211,735 The other large deal to take place was when Genentech exercised
SF), logistics company OnTrac (133,000 SF), women’s clothing distributor Tobi its option to buy its 334,000-SF campus off of E Grand Avenue. The
(119,838 SF), and beer distributor Matagrano Inc (105,000 SF). Biotech hub complex consisted of one office and three flex buildings and sold for a
Oyster Point is also located in the submarket and houses companies such as little less than $269.5 million, or $806/SF.
Genentech Inc. (120,000 SF of industrial space).
Even with strong demand, vacancies in the submarket have fluctuated
Top Buyers
throughout the cycle and are currently near the historical average. Rent levels
have historically trended above the metro average, with the biotech tenants in Kilroy Realty Corporation
flex R&D space bolstering rent rolls in the submarket. Rent growth has mostly
Genentech, Inc.
trended with the metro average, with gains moderating over the past several
years. On a year-over-year basis, rent growth currently measures 5.3%. Poly Sino Capital Limited
With Oyster Point and biotech as some of the main factors for higher rent Ping An Trust
levels and sustained rent growth, it is unsurprising that almost all of the
Greenland Group
development this cycle is centered in that area. In fact most of the inventory
under construction in the entire San Francisco Metro is located at Oyster Agile Group
Point. The largest building under construction, Gateway of Pacific (512,000
SF), scheduled to deliver in 2019. The entire flex R&D building was preleased HCP, Inc.
to AbbVie in November 2018. BioMed Realty’s Gateway of Pacific campus will
Prologis, Inc.
eventually total 1.4 million square feet. Phase II of the project is expected for
completion in late 2021. Norwegian Government Pension Fund Global
As the largest submarket in the metro, it is unsurprising that the submarket PSAI Realty Partners
also sees the most sales activity. A few large portfolio sales have bolstered $0 $50M $100M $150M $200M $250M $300M $350M
sales volume in 2018 to historical highs. The largest trades of 2018 were very
unique in nature and have significantly raised sales prices for the submarket. *Info provided by CoStar
OF F E RIN G M E M ORA N D U M
258 L I T T L EFI EL D A V EN UE
P R O P E R TY O V E RVIEW Address 258 Littlefield Avenue, South San Francisco Parcel Number 015-154-020 Building Area Approximately 32,000 SF Total RBA Land Area 1.16 Acres (50,529 RSF) Zoning MI (Mixed-Industrial) Office Area Approximately 3,000 SF Year Built 1965 Ceiling 20’-26’ Construction Type Concrete Tilt-Up Parking 24 striped private parking salls Sprinklered Yes Dock Doors 4 O F F ER I N G M E MO RA N DUM 258 L I T T L E F I E L D A VE N UE
258 LITTLEFIELD
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Zoning Designations Downtown Core El Camino Real/Chestnut-Mixed Use Medium Density Linden Commericial Center Public/Quasi Public
Specific Plans Downtown Mixed-Use El Camino Real/Chestnut-Mixed Use High Density Residential Linden Neighborhood Center School
Bay West Cove Specific Plan District Downtown Residential Core El Camino Rea Mixed Use Low Density Residential Terrabay Specific Plan District
Business Commercial Downtown Residential High Freeway Commercial Medium Density Residential Transit Office/R&D Core
Business Technology Park Downtown Residential Low Gateway Specific Plan District Mixed Industrial Transit Village Commercial
Mile Business and Professional Office Downtown Residential Medium
Downtown Transit Core
Genentech Master Plan
Grand Avenue Core
Oyster Point Marina SPD
Open Space
Transit Village High Density Residential
Transit Village Medium Density Residential
Commercial Mixed-Use
0 0.25 0.5 Community Commercial El Camino Real/Chestnut-Mixed Use High Density High Density Residential Parks and Recreation Transit Village Retail SFO
OF F E RIN G M E M ORA N D U M
258 L I T T L EFI EL D A V EN UEPark and Recreation Facilities, Public Park and Recreation
MUP Facilities,
MUPPublic MUP MUP
MUP MUP MUP MUP
Table 20.110.002 Public Safety Facilities
Table 20.110.002 P Table 20.110.002
Public Safety Facilities P P P P P P
Table 20.110.002 P
ZOLand
N I N Use
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usinesses - - C(4)
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30.350.026
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Section 20.35
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0 sq. ft. orCommunity
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ehicle below
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than 2,000
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- more than 2,000 Community
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See Section 20.35
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P P - C P P Cultural Institutions
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10.002 Land Use Regulations
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ehicle 20.35
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ehicle
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ehicle
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5 MUP MUP(3) - 1 of 5 MUP(3) Minor- - 6/5/2019,
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See Section 20.350.007 Automobile/ See Section 20.35
ehicle
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es, Public Park and Recreation
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ehicle
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20.350.013 Convenience Market 20.350.013 Conv
See Section 20.350.034 Social ServiceSee Section 20.350.034 Social Service
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anks and Financial Institutions anks and Financial Institutions below
See sub-classifications See sub-classifications below
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P -
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usinesses - - C(4)
C(4) - - C(4)
usinesses usinesses See Section 20.35
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O F F ER I N G M E MO RA N DUM Pawnbrokers Pawnbrokers C C - C C Chapter 6.92 Pawnbroker/SecondhandChapter 6.92 Paw
C - C
ces Animal Care,
SeeSales and Services below
sub-classifications See sub-classifications below
258 L I T T L E F I E L D A VE N UE Dealer Dealer
See Section 20.350.005 Animal Care, See Section 20.350.005 Animal Care, Sales,
Sales,
Kennels MUP - - MUP
MUP - - MUP
and Services and ServicesSee Section 20.350.007 Automobile/ ehicle
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Amusement Arcade ehicle MUP(6) - - -
ng C(1) Washing-
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P(5)
C(1) - Arcade
P(5) MUP(6) - - -
Service Stations and ashing Service Stations and ashing
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C - C C(7) C - C C(7)
Table 20.110.002 Table
See 20.110.002
Section 20.350.007 Automobile/ See
ehicle
Section 20.350.007 Automobile/Table 20.110.002
ehicle Table 20.110.002
ZOLand
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sub-classifications C(1)
Mobile Home Park
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30.350.026
Home
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20.350.039 Park -Homeand
See
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Pawnbrokers SectionMobile
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Home
20.350.039 Mobile
Park
C Homeand
Pawnbrokers
Bars/Night C Parks
Clubs/Lounges - - - CC See Section
- - 30.350.026
- - Mobile-Home
- See Section 30.35
Parks
10.002 Land Use Regulations http://www.qcode.us/codes/southsanfrancisco/view.php?topic=20-20_11...
http://www.qcode.us/codes/southsanfrancisco/view.php?topic=20-20_11...
Pawnbrokers
Residential C C below -
Caresub-classifications
See Facilities See C C Chapter 6.92 CResidential
sub-classifications - Care Facilities
C
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below Chapter 6.92 Pawnbroker/Secondhand
Residential Caresub-classifications
See Facilities
Coffee Shops/Cafés P
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sub-classifications
P See Section P below
20.350.02C OutdoorPSeating
See Section 20.
Dealer Dealer
See Section 20.350.020
Restaurant,Group
Full Service See Section 20.350.020
Residential Restaurant,GroupP Residential
Full Service P P MUP P See SectionP 20.350.020
20.350.02P Group
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MUP See
SeeSection
Residential
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20.
General
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See sub-classifications C - below
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Facilities Facilities Facilities Facilities
Restaurant, Limited Service P
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See Section See Section 20.350.011 Other Financial
nesses Limited C(2)
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MUP MUP - 20.350.011
MUP - - Other MUP
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- Limited C(2) - - -C(2) - - -
Services Food and everage Retail Sales Services Food and See sub-classifications
everage Retail Sales below See sub-classifications below
5
es Public and Semi-Public Uses 6/5/2019,
Public and Semi-Public Uses 10:02 AM 6/5/2019,
Public and Semi-Public Uses 10:02 AM
Services uilding Materials
P Sales and Services
- - MUP P - - MUP See Section 20.350.014 Convenience See Section 20
Convenience Market Convenience P Market P - P
Colleges and Trade
P Schools P - P P P Colleges -and Trade PSchools Colleges and TradeP Schools P - PP P P
Market P -- PP Market
usiness Services
P MUP - P P MUP - P
See Section 20.350.012
Grocery StoreCommunity See Section 20.350.012 Community
P(1)
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P(1) See Section
- - 20.350.012
C(1)Community
C(1) See Section 20.35
0sses Community
sq. ft. orCommercial
less SeeAssembly,
P
Cannabis 2,000 sq.
- ft.
usinesses
sub-classifications or less-
below P - Community
See-sub-classifications below - Assembly, - 2,000 sq. ft. orCommunity
less Assembly,
P 2,000 sq.
- ft. or less- - P - -
Assembly Facilities Assembly Facilities Assembly Facilities Assembly Facilit
Supermarket Supermarket P(1) - C(1) -
P(1) - C(1) -
See Section
See Chapter20.350.012
20.410 “Regulation
Community of See SeeSection
Chapter 20.410 “Regulation
20.350.012 Community of See Section 20.350.012 Community See Section 20.35
perations Cannabis
Community
than 2,000 sq. ft. Delivery-Only
C
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C- 2,000 sq.-- ft.
than - CC Cannabis -Funeral
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- C moreCannabis Community
than 2,000 Assembly,
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C Mortuaries - 2,000 sq.- ft. -C C
Parlors and Mortuaries Funeral
Activities” Cand - - -- --
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Facilities Assembly Facilities Assembly Facilities Assembly Facilit
See ChapterLodging
20.410 Institutions
“Regulation Lodging
See Chapter See sub-classifications
20.410Institutions
“Regulation of below See sub-classifications below
Cultural Institutions
Cannabis -P
Distribution P
- -- C P-
C P -Cultural -- CCof Cultural P P - C P P - C
Cannabis Activities”
Hotels and Motels Cannabis Activities” C
Hotels and Motels - P - C - P -
Day Care CentersP P - P P See Section P Day Care- Centers
20.350.014 Day CareP Centers
See SectionDay
20.350.014
Care Centers
Day Care
P Centers P - P P See Section P 20.350.014
- Day Care
P Centers
See Section 20.35
See Chapter 20.410 “Regulation
Maintenance See Chapter
of Services
and Repair 20.410 “Regulation
Maintenance and PRepairof Services
P - P P P - P
on CannabisShelter
Emergency Indoor
C Cultivation
MUP C- - C
PMUPC See Section -CEmergency - - Shelter
20.350.017 PC Shelters
Emergency See SectionEmergency
20.350.017Shelter
Emergency
MUP Shelters- - PMUP See Section - 20.350.017
- Emergency
P Shelters
See Section 20.35
Cannabis Activities” Cannabis Activities”
See Section 20.350.026.5 Massage See Section 20.
Massage usinesses Massage MUP
usinesses - MUP MUP MUP - MUP MUP
See Chapter 20.410 “Regulation of See Chapter 20.410 “Regulation of usinesses usinesses
Cannabis Manufacturing
- - - C - - - C
Cannabis Activities” Cannabis Activities”
5 Cannabis Testing
1 ofSee
5 Chapter 1 of See
5 Chapter
20.410 “Regulation of6/5/2019, 10:02 20.410
AM “Regulation 6/5/2019,
of 10:02 AM 6/5/2019, 10:02 AM
C C - C C C - C
Cannabis Activities” Cannabis Activities”
Commercial
d Recreation SeeEntertainment and Recreation
sub-classifications below 3 of 5
See sub-classifications below 3 of 5 6/5/2019, 10:02 A
AmusementMUP(6)
Arcade - - -MUP(6) - - -
Indoor Entertainment
C - C C(7) C - C C(7)
ion Indoor SportsCand Recreation
C C C(7) C C C C(7)
C
Outdoor Entertainment C - - C C - -
ation C and Recreation
Outdoor Sports C - - C C - -
Crop Production,- Limited - - C - - - C
ments O F F ER
Eating IDrinking
andSeeNsub-classifications
G M E MO RA N DUM See sub-classifications below
below
Establishments
258 L I T T LClubs/Lounges
Bars/Night ECF I E L D A- VE N UE - - C - - -
P
Coffee Shops/Cafés P C P P See SectionP 20.350.02C OutdoorPSeating
See Section 20.350.02 Outdoor SeatingConstruction and Material ard Construction and- Material ard
- - P - - - P
Food Preparation Food Preparation- C - P(9) - C - P(9)
Table 20.110.002 Table 20.110.002 Table 20.110.002 Table 20.110.002
ZOLand
N I N Use
G DRegulations—Employment
E TA I L S Land UseDistricts
Regulations—Employment Districts
Handicraft/Custom Manufacturing Land UseMUP Regulations—Employment
Handicraft/Custom Manufacturing
P Land
- UseDistricts
P Regulations—Employment
MUP P - Districts
P
10.002 Land Use Regulations Industry, General Industry, General- - -
http://www.qcode.us/codes/southsanfrancisco/view.php?topic=20-20_11...
http://www.qcode.us/codes/southsanfrancisco/view.php?topic=20-20_11... P - - - P
Use Classification
BC BTP FC MIBC Additional
BTP Use
Regulations
Classification
Industry, FC
Limited MI Additional Use
Regulations
Classification
Industry, BC
Limited
- BTP
P FC
- MI
P BC- Additional
BTP
PRegulations
FC- MIP Additional Regu
Residential Uses
Offices Residential
Recycling
See sub-classifications Uses
belowFacility Residential
RecyclingSee Uses
Facility
sub-classifications below See sub-classifications below
See sub-classifications below
Caretaker
BusinessUnit -
andPProfessional - - C(1)- P - PCaretaker
-C
CollectionUnit C(1)P
Facility Caretaker UnitFacility
Collection MUP- -
MUP -- C(1)MUP
MUP - See Section
- 20.350.032
MUP - - Recycling
C(1)
MUP See Section 20
Facilities
P C P
Mobile Home ParkC - - - C See Section - Mobile - Mobile
30.350.026
Home Park -HomeSee SectionMobile
Parks 30.350.026
Home Mobile
Intermediate ParkC Home Parks
-Processing -- -- - C- See - -20.350.032
See Section
Section - - Recycling
30.350.026 -Home
MobileMUP See
Parks
SeeSection 30.35
Section 20
Medical and PDental P - P P PIntermediate
- Processing
P MUP Facilities
Residential See
Caresub-classifications
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Residential
Research Facilities Residential Care
See Facilities
sub-classifications
P below - SeePsub-classifications
P below
Parking Services
See sub-classifications below See sub-classifications below Development Research and Development
P P - P
See Section Clean
20.350.020
Technology See Section 20.350.020
Group Residential Group
PC ResidentialP-
Clean Technology -- P- CP See Section 20.350.020 See Section 20.35
Group Residential
Commercial
General MUPParking
C MUP
- P( -) C- MUP
C MUP
- P(
- )
General -C General -P -- -P
Facilities Facilities Facilities Facilities
Public Parking
P P P P P Salvage
P and P recking P -
Salvage and recking - - CUP - - - CUP
Limited C(2) - - -C(2) - -
Limited - Limited C(2) - - -C(2) - - -
Personal Services
See sub-classifications below See sub-classifications arehousing,
below Storage, and Distribution arehousing, See sub-classifications below
Storage, and Distribution See sub-classifications below
es Public and Semi-Public Uses Public and Semi-Public Uses Public and Semi-Public Uses
General Personal
P Services- P P P Section 20.350.030- Chemical, PMineral,
Personal and
P Explosives
Services Storage
Chemical,
Section 20.350.030 - Services
Mineral,
Personal -
and Explosives -
Storage C - - - C
Colleges and Trade
P Schools P - P P P Colleges -and Trade PSchools Colleges and Trade P Schools P - P P P - P
See Section 20.350.035 Tattoo or ody See Section 20.350.035 Tattoo or ody See Section 20.350.019 Freight/Truck See Section 20
n Parlor Tattoo or Body
- Modification
- Parlor C - - See Section- Freight/Truck
20.350.012 Terminals
C Community - and
See Warehouses Freight/Truck
Section 20.350.012 - Terminals and
Community (10)Warehouses - P - See Section
(10) 20.350.012- Community
P See Section 20.35
0 sq. ft. orCommunity
less Assembly,
P 2,000 sq.
- ft. or less- - P Modification - Community
Parlor - Assembly, - 2,000Modification
sq. ft. orCommunity
lessParlor Assembly,
P 2,000 sq. - ft. or less- - P Terminals-and arehouses
- - Terminals and
Assembly Facilities Assembly Facilities Assembly Facilities Assembly Facilit
Retail Sales
See sub-classifications below See sub-classificationsIndoor
belowWarehousing and Storage -
Indoor Warehousing and (10)
Storage - P - (10) - P
See Section 20.350.012 Community See Section 20.350.012 Community See Section 20.350.012 Community See Section 20.35
Community
than 2,000 sq. ft. Assembly,
C more than- 2,000 sq.- ft. - C - Community - -
Assembly, more than 2,000Community
sq. ft. Assembly,
C more than
- 2,000 sq.
-- ft. - C - - -
General Sales P P P POutdoor Storage
P P Assembly Facilities P P Assembly Facilities MUP
Outdoor Storage - P MUPSee
Assembly -20.350.029- Outdoor P
SectionFacilities Storage
See Section
Assembly 20
Facilit
Firearm
Cultural Sales- P
Institutions -P -- CC P - PersonalInstitutions
P -Cultural - Storage
- CC Personal
Cultural -P
Storage
Institutions -P -- CC P- See Section
P -20.350.031
- - Personal
C CStorageSee Section 20
DayLarge
CareFormatP PRetail
Centers -P P- -P PP See P -20.350.024
SeeSection
Section Day P Large
Care- Centers
20.350.014 P - Centers
Day Care
Format See
See Section
Section
Retail Day20.350.024
20.350.014 Large
Care Centers
Day P Format
Care CentersRetail
P - P P P 20.350.014
See Section - Day Care
P Centers
See Section 20.35
Second Hand
Emergency CStore
Shelter
MUP -- -- C See Section
-PMUP - -Emergency
- - Shelter
20.350.017 P - Shelters
Emergency See SectionEmergency
20.350.017Shelter
Emergency
MUP Shelters- - PMUP See Section
- 20.350.017
- Emergency
P Shelters
See Section 20.35
Swap Meet C - -
4 of 5
C C - - C 4 of 5 6/5/2019, 10:02 A
Employment Uses
5Service Automobile/ ehicle
P Sales andP Service - P 1P of 5 P - P6/5/2019,
1 of 5 10:02 AM 6/5/2019, 10:02 AM 6/5/2019, 10:02 AM
MUP(4) MUP(4)
Rental Car Storage
- - - - - -
( ) ( )
d Construction and
- Material ard
- - P - - - P
Food Preparation
- C - P(9) - C - P(9)
ring MUP Manufacturing
Handicraft/Custom P - P MUP P - P
-
Industry, General - - P - - - P
-
Industry, Limited P - P - P - P
RecyclingSee sub-classifications below
Facility See sub-classifications below
O FCollection
F ER I NMUPG M E MO
Facility MUPRA N DUM
- MUPMUPSee Section
MUP 20.350.032- Recycling
MUP Facilities
See Section 20.350.032 Recycling Facilities
258 LITTLE
Intermediate F I E L D -A VE N -UE MUP - See Section -20.350.032- Recycling
-Processing MUP Facilities
See Section 20.350.032 Recycling Facilities
P
Research and Development P - P P P - PMAR K E T A N A L Y TICS
Sales Volume by Buyer Type Market Cap Rate
6.8%
Forecast
6.6%
16%
User 6.4%
30% 6.2%
Institutional
6.0%
5.8%
5.6%
5.4%
31% 5.2%
REIT/Public
5.0%
4.8%
23%
Private
4.6%
4.4%
14 15 16 17 18 19
Vacancy & Market Rent Per SF
9% $2.20
Forecast
Sales Volume & Market Sale Price Per SF
$360 $180M
8% $2.10 Forecast
$340 $160M
7% $2.00
$320 $140M
6% $1.90
$300 $120M
Market Rent/SF
5% $1.80
Vacancy Rate
Market Sale Price/SF
$280 $100M
Sales Volume
4% $1.70
$260 $80M
3% $1.60
$240 $60M
2% $1.50
$220 $40M
1% $1.40
$200 $20M
0% $1.30 $180 $0
14 15 16 17 18 19 20 14 15 16 17 18 19 20
O F F ER I N G M E MO RA N DUM
258 L I T T L E F I E L D A VE N UEDEMO G R A P H I C S
From City of South San Francisco website
South San Francisco, CA has a population of 67,587 (2018) people with a median age of 38.8 and a median household income of $85,076. Between
2015 and 2016 the population of South San Francisco, CA grew from 66,217 to 66,587, a 0.56% increase and its median household income grew from
$81,439 to $85,076, a 4.47% increase. The population of South San Francisco, CA is 37.9% Asian, 33.9% Hispanic, and 20.2% White. 57.3% of the
people in South San Francisco, CA speak a non-English language, and 86.4% are U.S. citizens.
Population estimates, July 1, 2017, (V2017): 67,429
Population estimates base, April 1, 2010, (V2017): 63,654
Population, percent change - April 1, 2010 (estimates base) to July 1, 2017, (V2017): 5.9%
HOUSING
Owner-occupied housing unit rate, 2012-2016: 60.3%
Median value of owner-occupied housing units, 2012-2016: $644,500 (6.3% Growth)
Median selected monthly owner costs -with a mortgage, 2012-2016: $2,583
Median selected monthly owner costs -without a mortgage, 2012-2016: $490
Median gross rent, 2012-2016: $1,607
EMPLOYMENT AND TOP INDUSTRIES
Number of employees working in the City (2016): 35,247 (3.71% Growth)
Total accommodation and food services sales, 2012 ($1,000): 316,221
Total health care and social assistance receipts/revenue, 2012 ($1,000): 402,443
Total merchant wholesaler sales, 2012 ($1,000): 4,819,034
Total retail sales, 2012 ($1,000): 1,133,417
Total retail sales per capita, 2012: $17,292
RESIDENTIAL EMPLOYMENT
In civilian labor force, total, percent of population age 16 years+, 2012-2016: 69.0%
In civilian labor force, female, percent of population age 16 years+, 2012-2016: 64.5%
OF F E RIN G M E M ORA N D U M
258 L I T T L EFI EL D A V EN UEL EA SE C O M P S
EFFECTIVE ANNUAL
PHOTO ADDRESS LESSEE/LESSOR SIZE TERM TI’S
RATE INCREASES
240 Valley Drive Omni Products
79,300 SF 60 months $1.45 NNN $15/SF 3%
Brisbane, CA Dct Valley Drive CA, LP
570 Eccless Avenue Jericho Project
71, 207 SF 61 months $1.75 NNN As-Is 2%
So. San Francisco, CA McLaughlin, Thomas
100 Utah Avenue Goodwill
117,500 SF 84 months $1.35 NNN As-Is 3%
So. San Francisco, CA Lift Partners
99 S Hill Drive Spencer Family Trust
76,375 SF 60 months $1.25 NNN As-Is 3%
Brisbane, CA DHL Global
OF F E RIN G M E M ORA N D U M
258 L I T T L EFI EL D A V EN UEThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Coldwell Banker Commercial and should not be made available to any other person or entity without the written consent of Coldwell Banker Commercial. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Coldwell Banker Commercial has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however Coldwell Banker Commercial has not verified and will not verify, any of the information contained herein, nor has Coldwell Banker Commercial conducted an investigation regarding these matters and makes no warranty or representatio whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. O F F ER I N G M E MO RA N DUM 258 L I T T L E F I E L D A VE N UE
EXCLUSIVE LISTING BY: JESSE STEINHART 1575 Bayshore Hwy Suite 100 Burlingame CA 94010 Office (650)344-2460 Cell (650)464-4069 jsteinhart@cbcburlingame.com BRE 01909200
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