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DOWNTOWN MOUNTAIN VIEW, CA
                                                                 VILLA STREET @ VIEW STREET
OFFERING MEMORANDUM

                                                         ST
                                                    PE
                                               HO

                                                                                    VIL
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                      ± 0 . 3 8 AC R E S   | G R O U N D L E A S E O P P O R T U N I T Y I N D OW N T OW N M O U N TA I N V I E W
DOWNTOWN MOUNTAIN VIEW, CA - VILLA STREET @ VIEW STREET - 0.38 ACRES | GROUND LEASE OPPOR TUNITY IN DOWNTOWN MOUNTAIN VIEW - LoopNet
AFFILIATED BUSINESS DISCLOSURE
Cbre, inc. Operates within a global family of companies with many subsidiaries and
related entities (each an “affiliate”) engaging in a broad range of commercial real
estate businesses including, but not limited to, brokerage services, property and
facilities management, valuation, investment fund management and development.
At times different affiliates, including cbre global investors, inc. Or trammell crow
company, may have or represent clients who have competing interests in the same
transaction. For example, affiliates or their clients may have or express an interest
in the property described in this memorandum (the “property”), and may be the
successful bidder for the property. Your receipt of this memorandum constitutes your
acknowledgement of that possibility and your agreement that neither cbre, inc. Nor
any affiliate has an obligation to disclose to you such affiliates’ interest or involvement
in the sale or purchase of the property. In all instances, however, cbre, inc. And its
affiliates will act in the best interest of their respective client(s), at arms’ length, not
in concert, or in a manner detrimental to any third party. Cbre, inc. And its affiliates
will conduct their respective businesses in a manner consistent with the law and all
fiduciary duties owed to their respective client(s).

CONFIDENTIALITY AGREEMENT
Your receipt of this memorandum constitutes your acknowledgement that (i) it is a
confidential memorandum solely for your limited use and benefit in determining
whether you desire to express further interest in the acquisition of the property, (ii)
you will hold it in the strictest confidence, (iii) you will not disclose it or its contents
to any third party without the prior written authorization of the owner of the property
(“owner”) or cbre, inc., And (iv) you will not use any part of this memorandum in any
manner detrimental to the owner or cbre, inc., (V) will not contact city of Mountain
View without the owner’s prior permission. If after reviewing this memorandum, you
have no further interest in purchasing the property, kindly return it to cbre, inc.

DISCLAIMER
This memorandum contains select information pertaining to the property and the
owner, and does not purport to be all-inclusive or contain all or part of the information
which prospective investors may require to evaluate a purchase of the property. The
information contained in this memorandum has been obtained from sources believed
to be reliable, but has not been verified for accuracy, completeness, or fitness for
any particular purpose. All information is presented “as is” without representation or
warranty of any kind. Such information includes estimates based on forward-looking
assumptions relating to the general economy, market conditions, competition and
other factors which are subject to uncertainty and may not represent the current or
future performance of the property. All references to acreages, square footages,
and other measurements are approximations. This memorandum describes certain
documents, including leases and other materials, in summary form. These summaries
may not be complete nor accurate descriptions of the full agreements referenced.
Additional information and an opportunity to inspect the property may be made
available to qualified prospective purchasers. You are advised to independently verify
the accuracy and completeness of all summaries and information contained herein,
to consult with independent legal and financial advisors, and carefully investigate the
economics of this transaction and property’s suitability for your needs. Any reliance on
the content of this memorandum is solely at your own risk.

The owner expressly reserves the right, at its sole discretion, to reject any or all
expressions of interest or offers to purchase the property, and/or to terminate
discussions at any time with or without notice to you. All offers, counteroffers,              VILLA   at   VIEW ST
and negotiations shall be non-binding and neither cbre, inc. Nor the owner
shall have any legal commitment or obligation except as set forth in a fully
executed, definitive purchase and sale agreement delivered by the owner.
© 2021 Cbre, inc. All rights reserved.
DOWNTOWN MOUNTAIN VIEW, CA - VILLA STREET @ VIEW STREET - 0.38 ACRES | GROUND LEASE OPPOR TUNITY IN DOWNTOWN MOUNTAIN VIEW - LoopNet
04

                                                                                                         TABLE OF CONTENTS
                                                 VI
                                                      LLA
                                                            ST                       EXECUTIVE SUMMARY
        ST
       EW

                                                                                     05
      VI

                                                                                     PROPERTY OVERVIEW

                                                                                     08
                                                                                     MAPS

                                                                                     18
                                                                                     RESIDENTIAL
                                                                                     MARKET OVERVIEW

CONTACT INFORMATION:

GREG PONCETTA            MARK RUSSELL                        JEFF AGUILAR
Senior Vice President    Senior Vice President               First Vice President
+1 408.453.7460           +1 408.453.7465                    +1 408.453.7448
greg.poncetta@cbre.com   mark.russell@cbre.com               jeff.aguilar@cbre.com
Lic. 01218360            Lic. 01237945                       Lic. 01885083
DOWNTOWN MOUNTAIN VIEW, CA - VILLA STREET @ VIEW STREET - 0.38 ACRES | GROUND LEASE OPPOR TUNITY IN DOWNTOWN MOUNTAIN VIEW - LoopNet
CBRE is pleased to present a prime groundlease
                    opportunity located in the heart of Silicon
                    Valley. The Property is located at View Street
                    and Villa Street in Downtown Mountain View,
EXECUTIVE SUMMARY
                    California and consists of one parcel totaling
                    approximately ±0.38-acres.

                                                                         10 MI

                    The property is favorably located within
                    Downtown Mountain View, offering convenient
                    access to abundant retail services within a
                    mile radius. In addition, the site provides direct
                    access to approximately +100 employers,
                    including Google, Microsoft, LinkedIn, and           5 MI

                    more tech companies within only 5-miles from
                    the subject site.

                    Mountain View Station is within walking
                    distance (±0.2-mile) and serves CalTrain that        1 MI
                    operates out of San Francisco and San Jose
                                                                          1
                    almost hourly on a daily basis every weekday,
                    with more frequent service provided during
                    commute hours and for special events.
                    Also, California 85 and US-101 are located
                    approximately ±1.5 miles from the subject
                    site, offering convenient access to both the
                    top Peninsula and South Bay employers. San
                    Francisco International Airport is only ±30
                    minutes away from the site and offers non-
                    stop flights to more than 45 international cities
                    and 83 cities in the U.S.

                    4 | EXECUTIVE SUMMARY
DOWNTOWN MOUNTAIN VIEW, CA - VILLA STREET @ VIEW STREET - 0.38 ACRES | GROUND LEASE OPPOR TUNITY IN DOWNTOWN MOUNTAIN VIEW - LoopNet
PROPERTY OVERVIEW
Address                       Villa @ View Street
City:                         Mountain View
APN:                          158-22-028
Land Area:                    ±0.38 Acres
Existing Use:                 Parking Lot
Zoning:                       R3: Multiple Family
General Plan:                 Medium Density Residential
Topography:                   Flat

                » Excellent Transit Oriented Opportunity

                » General Plan: Medium-Density Residential Use Allows Up to
                  13 to 25 Residential Units Per Acre

                » Located within Downtown Mountain View

                » Walking Distance to the Mountain View Caltrain Station

                » Heart of Silicon Valley Location with Immediate Access to
                  Top Tech Employers

                » Supply Constrained Submarket with Strong Sales Velocity
                  When Homes are Delivered

                » Strong Demographics with Extremely High Demand for
                  Residential Product
                                                              PROPERTY OVERVIEW | 5
DOWNTOWN MOUNTAIN VIEW, CA - VILLA STREET @ VIEW STREET - 0.38 ACRES | GROUND LEASE OPPOR TUNITY IN DOWNTOWN MOUNTAIN VIEW - LoopNet
PROPERTY OVERVIEW

                    6 | PROPERTY OVERVIEW
DOWNTOWN MOUNTAIN VIEW, CA - VILLA STREET @ VIEW STREET - 0.38 ACRES | GROUND LEASE OPPOR TUNITY IN DOWNTOWN MOUNTAIN VIEW - LoopNet
BAY AREA LOCATION MAP

     VILLA @ VIEW STREET

±13.5 MILES TO DOWNTOWN SAN JOSE
±34.5 MILES TO SANTA CRUZ
±30 MILES TO SAN FRANCISCO
±43 MILES TO OAKLAND
DOWNTOWN MOUNTAIN VIEW, CA - VILLA STREET @ VIEW STREET - 0.38 ACRES | GROUND LEASE OPPOR TUNITY IN DOWNTOWN MOUNTAIN VIEW - LoopNet
PROPERTY LOOKING NORTHEAST

                                                                                                                         SANTA CLARA
                                                                                                LEVI’S STADIUM    CALIFORNIA’S
                                                                                                                 GREAT AMERICA
LOCATION MAPS
                                         MOFFETT
                                          FIELD             AMAZON                                                               SUNNYVALE
                                 CARNEGIE MELLON                                SUNNYVALE                MOUNTAIN VIEW
                              UNIVERSITY SILICON VALLEY                        GOLF COURSE                 TECH PARK

                                         85

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                                            MOUNTAIN VIEW
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                                               STATION
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                                                                 VILLA @ VIEW STREET
                                   RO
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DOWNTOWN MOUNTAIN VIEW, CA - VILLA STREET @ VIEW STREET - 0.38 ACRES | GROUND LEASE OPPOR TUNITY IN DOWNTOWN MOUNTAIN VIEW - LoopNet
PROPERTY LOOKING NORTHWEST
                                       TESLA HQ
       LOS ALTOS                                                                                                         PALO ALTO
                                                                                        STANFORD
                                                                                        UNIVERSITY

                                                                          SAN ANTONIO
                                                                             CENTER
                                       L
                                 REA                                                        SAN ANTONIO
                             INO                                                              STATION
                    C   AM
               EL

                                                   S SHORELI
                                                             N E B LV D
         MOUNTAIN VIEW
           CITY HALL

                                            DOWNTOWN
                                           MOUNTAIN VIEW
                                           CASTRO ST
                                                                                          DOWNTOWN
                                                                                         MOUNTAIN VIEW
                                                                                            STATION                MOFFETT B
         KAISER
                                                                                                                             LV D
      PERMANENTE

                                                           USPS

                                             VIEW ST

                                                                               A ST

                                                                                                     ENTRAL EXPY
                                                                              VILL

                                                         VILLA @ VIEW STREET

                                                                                                                            LOCATION MAPS | 9
DOWNTOWN MOUNTAIN VIEW, CA - VILLA STREET @ VIEW STREET - 0.38 ACRES | GROUND LEASE OPPOR TUNITY IN DOWNTOWN MOUNTAIN VIEW - LoopNet
PROPERTY LOOKING SOUTHEAST

                                                                                                              CUPERTINO
                                                                                                 APPLE
                                                                                                 PARK
LOCATION MAPS

                                                                              SUNNYVALE
                                                                                            EL
                                                                                                 CA
                237                                    SUNNYVALE                                      MIN
                                                         STATION
                                                                                                            O R
                                                                                                                EA
                                                                                                                   L

                                                                                     237                 85

                        85

                                                                   VILLA ST

                                             MOUNTAIN VIEW
                                            FARMER’S MARKET

                                                                                  VIEW ST

                                 DOWNTOWN
                                MOUNTAIN VIEW            VILLA @ VIEW STREET
                                   STATION

                10 | LOCATION MAPS
PROPERTY LOOKING SOUTHWEST

                                                                                                       LOS ALTOS HILLS

                                                         FOOTHILL
                                                         COLLEGE

                                                                                   LOS ALTOS

                                                 MOUNTAIN VIEW
                        REAL
              EL CAMINO                            CITY HALL

                                               KAISER                  DOWNTOWN
                                                                                                           TIKTOK INC.
                                            PERMANENTE                MOUNTAIN VIEW

                                                                                   CA
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                                                                                             RO
                               BU

                                                                                                  ST
                                SH

                                                 V
                                    ST

                                                  IE
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                                                                           A S
                                                                    VILL                                  DOWNTOWN
                                                                                                         MOUNTAIN VIEW
                                                                                                            STATION

                                         VILLA @ VIEW STREET

                                                                                                                     LOCATION MAPS | 11
PARCEL MAP
PARCEL MAP

             12 | PARCEL MAP
ZONING MAP

                                      VILLA @ VIEW STREET

             MULTIPLE FAMILY
             The number of multi-family dwellings allowed on a site in the R3 zoning district is determined by
             the minimum lot area required for each dwelling as given in the following table, except that:
               » An existing lot of record that is less than seven thousand (7,000) square feet is permitted a maximum of
                 one (1) dwelling unit, subject to the R1 development standards;
               » An existing lot of record that is seven thousand (7,000) square feet or greater, but less than twelve thousand
                 (12,000) square feet, is permitted two (2) dwelling units in all cases, subject to the R2 development
                 standards; or
               » An existing lot of record having a lot width of less than eighty (80) feet shall not be developed with more
                 than two (2) dwelling units, regardless of the depth of the lot, subject to the R2 development standards.

             (For maximum densities in small-lot single-family development, see Sec. 36.16; for maximum
             densities for townhouse developments, see Sec. 36.16.10; and for maximum densities for rowhouse
             developments, see Sec. 36.16.20).
             Source: Zoning Ordinance, City of Mountainview

                                                                                                                       ZONINE MAP | 13
GENERAL MAP

                                                         VILLA @ VIEW STREET
ZONING MAPS

                                MEDIUM DENSITY RESIDENTIAL
                                Medium Density Residential allows for a mix of single- and multi-family housing with a
                                residential character appropriate to a range of densities and a broad mix of housing
                                types.
                                 » Allowed Land Uses: Single-family detached and attached residential, duplex
                                   residential, multi-family residential; parks and open space
                                 » Density: 13–25 DU/acre, approximately 27–60 residents/acre
                                 » Height Guideline: Up to 3 stories
                                Source: Mountain View 2030 General Plan

              14 | ZONING MAP
DOWNTOWN PRECISE PLAN AREA
The Property consists of approximately 0.38 acres of land situated at the southern side of Villa Street, and is bounded by View Street to the west.
The Property is currently developed with an approximately 16,503 square foot parking lot.
The site falls within the Medium Density Residential on the city of Mountain View’s General Plan. This district and designation allows up to 13 to
25 Residential Units Per Acre. The property is also located right outside of the City’s Downtown Precise Plan, which promotes a concentration of
activities, including civic functions and cultural events, as well as a vital residential and commercial district.
Topography for the subject site is flat, offering exceptional usability for new development.

                                                                                                           VILLA @ VIEW STREET

                                                                                                                                    AREA MAP | 15
19
                                                                            29
ACCESS
TO JOBS                                                                           14

  1               25,000 Employees      15   6,600 Employees   29   3,500 Employees

  2               24,626 Employees      16   5,500 Employees   30   3,490 Employees
                                                                                       17
                                                                                                     5
  3               18,806 Employees      17   5,485 Employees   31   3,300 Employees

  4               16,919 Employees      18   5,400 Employees   32   3,300 Employees

  5               14,674 Employees      19   5,346 Employees   33   3,280 Employees

                                                                                                18
                                                                                            8
  6               14,185 Employees      20   5,130 Employees   34   3,109 Employees                               37
                                                                                                 4
                                                                                                                       2
                                                                                                                                  22
  7               12,500 Employees      21   4,625 Employees   35   3,000 Employees
                                                                                                                                       2
                                                                                                     28 24
  8               10,034 Employees      22   4,610 Employees   36   2,950 Employees                                         38
                                                                                                     9 27                        21

  9               10,000 Employees      23   4,175 Employees   37   2,800 Employees

                                                                                                                       30
  10                  8,832 Employees   24   3,900 Employees   38   2,789 Employees
                                                                                                             40

  11                  8,500 Employees   25   3,877 Employees   39   2,750 Employees
                                                                                                             VILLA @ VIEW STRE
  12                  8,400 Employees   26   3,574 Employees   40   2,718 Employees

  13                  7,350 Employees   27   3,500 Employees   41   2,718 Employees

  14                  6,781 Employees   28   3,500 Employees

16 | ACCESS TO JOBS
EMPLOYMENT
                                                                                  Located in the middle of Silicon Valley, Mountain View has direct access to some of the most
                                                                                  cutting-edge companies in the world. Google, Apple, Cisco, Tesla, Intel, Nvidia, LinkedIn, Adobe,
                                                                                  Netflix, eBay, and Facebook are just a sampling of the global headquarter locations for these
                                                                                  companies.

                                                                                               TECH TALENT CENTERS
                         36                                                       TOP   U.S.
                                                                                    Top U.S.    TECH
                                                                                             Tech         TALENT CENTERS
                                                                                                  Talent Centers                        TECH TALENT CENTERS
                                                                                               by percent growth, share of local jobs, and total number of tech jobs
                                                                                       Top U.S. Tech Talent Centers
                                                                                  by percent     growth, share of local jobs, and total number of tech jobs
                                                                                       by percent growth, share of local jobs, and total number of tech jobs
                                                                                                                                                                                                                                                                                                        Total Number of
                                                                                                                                                                                                                                                                                                        Tech Jobs:
                                                                                                                                                                                                                                                                                                               Total Number of
                     32                                                                                                          12%                                                                                                                                                                            Tech Jobs:

                                                                                                                                                                          12%                                                                      San Francisco                                                        350,000

                                                                                        Tech Talent Share of Local Jobs (2019)
                                                                                                                                                                                                                                                     Bay Area
                                                                                                                                 10%                                                                                                                        San Francisco                                                        350,000

                                                                                                                                 Tech Talent Share of Local Jobs (2019)
                                                                                                                                                                                                         Raleigh-Durham, NC                                    Bay Area
                                                                                                                                                                          10%           Washington,
                                                                                                                                 8%                                                         D.C.                                Seattle,
                                                                                                                                                                                                                                                                                                                                                     SILICON VALLEY
                                                                                                                                                                                                                   Raleigh-Durham,WANC                                                                                  250,000
                                                                                                                                                                                                 Washington,Austin,
                                                                                                                                                                                                                 TX                                            Denver,
                                                                                                                                                                          8%     Boston,
                                                                                                                                                                                                      D.C.                                Seattle,
                                                                                                                                                                                                                                                                 CO                   Madison, WI
                                                                                                                                 6%                                                                                          Kansas City, MOWA
                                                                                                                                                                                                              Baltimore,Austin,                                                                                                  250,000
                                                                                                                                                                                                                                                                                                                                                  AVERAGE TECH SALARY
                                                                                                                                                                                   MA                            MD        TX                 Atlanta,                   Denver,
                                                                                                                                                                                                                                                                        Salt Lake City, UT
                                                                                                                                                                                         Minneapolis,
                                                                                                                                                                                          Boston,       Dallas/                                          Portland,         CO                   Madison, WI
                                                                                                                                                                          6%                 MN                         Baltimore, Kansas City,GAMO
                                                                                                                                                                                            MA      Ft. Worth,  TX                                           OR                                                         150,000
                                                                                                                                                                                                                       York,MD                          Atlanta,                  Salt Lake City, UT
                                                                                                                                 4%
                                                                                                                                                                          4%
                                                                                                                                                                                                  Minneapolis, NewDallas/
                                                                                                                                                                                                                     NY
                                                                                                                                                                                                      MN Ft. Worth, TX
                                                                                                                                                                                                                            New York,
                                                                                                                                                                                                                                       Indianapolis, IN GA Portland, Charlotte, NC
                                                                                                                                                                                                                                                 South
                                                                                                                                                                                                                                                                       OR TN
                                                                                                                                                                                                                                                                Nashville,                                                       150,000                 ±130,000
                                                                                                                                                                                                                                                 Indianapolis, IN
                                                                                                                                                                                                                               NY               Florida                                    Charlotte, NC                50,000
                                                                                                                                 2%                                                                                                                       South
                                                                                                                                                                                                                                                                          Nashville, TN
                                                                                                                                                                                                         Los Angelas, CA
                                                                                                                                     2%                                                                                                                   Florida                                                       25,000 50,000
                                                                                                                                                                                                                   Los Angelas, CA
                                                                                                                                 0%                                                                                                                                                                                              25,000
                                                                                                                                   0%    5%   10% 15% 20% 25% 30% 35% 40% 45%
                                                                                                                                     0%
                                                                                                                                       0%   5%5-Year10%
                                                                                                                                                     Percent 15%
                                                                                                                                                             Growth in20%
                                                                                                                                                                       Tech Talent
                                                                                                                                                                                25%(2014-2019)
                                                                                                                                                                                         30% 35% 40% 45%
                                                                                                                                                     5-Year Percent Growth in Tech Talent (2014-2019)
                                                                                  Data   Source:
                                                                                   Data Source:       CBRE
                                                                                                CBRE 2020      2020
                                                                                                          Scoring       Scoring
                                                                                                                  Tech Talent        Tech
                                                                                                                              | Analysis: CBRETalent      | Analysis:
                                                                                                                                               Research; Silicon               CBRE
                                                                                                                                                                 Valley Institute        Research;
                                                                                                                                                                                  for Regional Studies Silicon Valley Institute for                                                                                                        SILICON VALLEY MEDIAN HOUSEHOLD
                                                                                  Regional Studies
 25                                                                                                               Data Source: CBRE 2020 Scoring Tech Talent | Analysis: CBRE Research; Silicon Valley Institute for Regional Studies

                              6
                                                                                                                                                                                                                                                                                                                                           INCOME reached an all-time high in 2019
20                        3                                                       MEDIAN HOUSEHOLD INCOME                                                                                                                                                                                                                                  at nearly $135,000 (up by 3.4% year-over-
                                                                                            HOUSEHOLD INCOME
                                                                                  Santa
                                                                                     Median Clara       & SanIncome
                                                                                                  Household         Mateo Counties, San Francisco, California and                                                                                                                                                                          year, after inflation-adjustment).
                                                                                  theSanta
                                                                                       United
                                                                                           Clara & SanStates
                                                                                                       Mateo Counties, San Francisco, California, and the United States
                    12
               35                                                                                                                                                                     Silicon Valley                       San Francisco                         California                      United States
          11                      31                                                                                             $140,000
                                                                                                                                                                                                                                                                                                                              $134,615     MEDIAN HOUSEHOLD INCOME has
                16                                                                                                                                                                                                                                                                                                                         increased by 40% in San Francisco
                                       34                                                                                        $120,000

                                                                                                                                 $100,000
                                                                                                                                                                                                                                                                                                                              $123,859
                                                                                                                                                                                                                                                                                                                                           and 27% in Silicon Valley since 2011,
                                                                                                                                   $80,000
                                                                                                                                                                                                                                                                                                                                 $80,440
                                                                                                                                                                                                                                                                                                                                           the beginning of the post-recession
ET                                                                                                                                 $60,000                                                                                                                                                                                       $65,712
                                                                                                                                                                                                                                                                                                                                           economic        recovery      period
                                                           15                                                                      $40,000
                                                                                                                                                                                                                                                                                            % Change 2011 - 2019                           (compared to 17% statewide, and
      1                                             39       26                                                                    $20,000
                                                                                                                                                                                                                                                                                               Silicon Valley
                                                                                                                                                                                                                                                                                               San Francisco
                                                                                                                                                                                                                                                                                                                 +27%
                                                                                                                                                                                                                                                                                                                 +40%                      14% in the U.S. overall).
                                                                                                                                                                                                                                                                                               California        +17%
                                                                                                                                                                                                                                                                                               United States     +14%
                                                                                                                                                                          $0
                                                                                                                                                                                '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19
                                                                                                                                                                                                                                                                                                                                           MEDIAN HOUSEHOLD INCOME in
                                       32        2021 Silicon Valley Index
                                                                                  Note:
                                                                                  dividends,
                                                                                              Household
                                                                                   Note: Household              income
                                                                                                      income includes
                                                                                   Social Security oror
                                                                                                      railroad
                                                                                                                      wage orincludes
                                                                                                         net retirement
                                                                                                               rental or
                                                                                                                              salary income; wage
                                                                                                                        income;  Supplemental
                                                                                                                            royalty      incomeSecurity
                                                                                                                                                        or salary
                                                                                                                                             net self-employment
                                                                                                                                                        income;
                                                                                                                                                      from
                                                                                                                                                                 income;income;
                                                                                                                                                                public assistance
                                                                                                                                                             estates
                                                                                                                                                                                        net self-employment
                                                                                                                                                                           interest, dividends,
                                                                                                                                                                                  or welfare Social
                                                                                                                                                                          and trusts;        payments;Security
                                                                                                                                                                                                         retirement, survivor,
                                                                                                                                                                                                                              income;
                                                                                                                                                                                                or net rental or royalty income from estates interest,
                                                                                                                                                                                                                               or disability
                                                                                                                                                                                                                       or railroad
                                                                                                                                                                                                                                              and trusts;
                                                                                                                                                                                                                                             pensions; and
                                                                                                                                                                                                                                         retirement                                                                                        Silicon Valley is 1.7 times higher than
                                                                                   all other income; excluding stock options.
                                                                                  income;       Supplemental           Security      income;      public    assistance        or   welfare       payments;          retirement,        survivor,       or
                                            32        2021 Silicon Valley Index
                                                                                   Data Source: United States Census Bureau, American Community Survey | Analysis: Silicon Valley Institute for Regional Studies
                                                                                  disability pensions; and all other income; excluding stock options.                                                                                                                                                                                      in California overall, and twice the
                              33                                                  Data Source: United States Census Bureau, American Community Survey
                                                                                  Institute for Regional Studies
                                                                                                                                                                                                                                                                                                       |      Analysis: Silicon Valley     national figure.

                                                                                                                                                                                                                                                                                                                                                                 ACCESS TO JOBS | 17
                    41
TRANSPORTATION

                 VILLA @ VIEW STREET

                           TRANSPORTATION
                           The Property is conveniently located
                           within walking distance to the San
                           Bruno Station. San Bruno Station
                           is unique in that it services both
                           Caltrain and BART lines, making one
                           of the best intermodal stations as it
                           provides Peninsula, South Bay and
                           East Bay connectivity.
AMENITIES - DOWNTOWN MOUNTAIN VIEW MAP
                                      CASTRO ST 100 BLOCK                 CASTRO ST 300 BLOCK                      CASTRO ST SOUTH
                                      Savvy Cellar                        Crepevine                      Food      La Monique's Nail Salon      Personal Care
                                                                Food
                                      (W Evelyn Ave)                      New Mongolian BBQ              Food      Masa Sushi                       Food
                                      Happy Lamb Hot Pot        Food      Paris Baguette                 Food      Le Boulanger                     Food
                                      Vazzo Azzurro             Food      Books Inc.                    Retail     Site for Sore Eyes              Services
                                      Xanh                      Food      Transform Fitness             Fitness    Vitality Bowl                    Food
                                      Oren's Hummus             Food      East West Bookshop            Retail     1 Oz Coffee                      Food
                                      3 Kingdoms Hot Pot        Food      Krystal's Intuition Center   Services    UPS Store                       Services
                                      Olympus Caffe & Bakery    Food      Le Plonc                       Food      aXess Cleaners                  Services
                                      Asian Box                 Food      Poke Bar                       Food      Mediterranean Grill              Food
                                      Blue Line Pizza           Food      Ava's Market                 Grocery     Giovanna's Fine Jewelry          Retail
                                      Hong Kong Bistro          Food      HeyO! Eats                     Food      Starbuck's Coffee                Food
                                      Ramen Izakaya Yu-gen      Food      Café Baklava                   Food      Amici's Pizzeria                 Food
                                      Fu Lam Mum                Food      Global Beads                  Retail     Spangler's Mortuaries           Services
                                      Bushido                   Food      Sakoon                         Food      Fleur De Lis                     Retail
                                      Doppio Zero               Food      Rumble Fish                    Food      Exellent Nails               Personal Care
                                      Amarin Thai               Food                                   Personal    Aruba Day Spa & Salon        Personal Care
                                                                          Tiya's Touch
                                      Eagles Aerie              Food                                     Care      Khuu Dermatology                Services
                                      Ephesus                   Food      MV Tea Village & Gallery       Food      Khuu Dentistry                  Services
                                      La Fontaine               Food      Maru Ichi                      Food      Eureka!                          Food
                                      Eureka!                   Food      Shiseido Cosmetics/Vee
                                                                                                        Retail
                                      Agave Mexican Bistro      Food      Cosmetics                                VILLA ST NORTH
                                                                          Sight Optomerty              Services    Healing Crystal                  Retail
                                      CASTRO ST 200 BLOCK                 Dental Fabulous              Services    City Dolls Hair Salon        Personal Care
                                      Red Rock Coffee           Food      Dana Oriental Market         Grocery     Noodle King                      Food
                                      Alexander's Patisserie    Food      Ankang Acupuncture Clinic    Services    Orbit & Rust Salon           Personal Care
                VILLA @ VIEW STREET   Hong Kong Bakery
                                      Pokeworks
                                                                Food
                                                                Food
                                                                          Fenwick & West LLP
                                                                          CVS Pharmacy
                                                                                                       Services
                                                                                                        Retail
                                                                                                                   Verde Tea Café                   Food
                                                                                                                   Pho To Chau                      Food
                                      Maison Alyzze             Food                                               Imagine Hair Salon           Personal Care
                                      QBB - Quality Bourbons              CASTRO ST 400 BLOCK                      Happy Feet Foot Spa          Personal Care
                                                                Food
                                      & Barbecue                          Cascal                         Food      Top Over Base Nail Salon     Personal Care
                                      Pho Hoa + Jazen Tea       Food      Scratch                        Food      Steins Beer Garden               Food
                                      St. Stephen's Green       Food      Peets Coffee                   Food      Chez TJ                          Food
                                      Monte Carlo               Food      Sweetgreen                     Food
                                      Don Giovanni              Food      Bank of America              Financial   VILLA ST SOUTH
                                      Mervyn's/Umai Sushi       Food      Mountain View                            Kelly's Healing Massage      Personal Care
                                                                                                       Services
                                      Kappo Nami Nami           Food      Dental Care
                                                                                                                   Jane's Beer Store                Retail
                                      Molly Magees              Food      Yoga Belly                    Fitness
                                                                                                                   Salon Finesse                Personal Care
                                      Gelato Classico                     Casa Lupe                      Food
                                                                Food                                               Fiesta Del Mar Too               Food
                                      Italian Ice                         Valley View Dental Care      Services
                                                                                                                   Villa Tea                        Food
                                      Biryaniz                  Food      K Pot Grill                    Food
                                                                                                                   Perfect Salon                Personal Care
                                      Therapy Stores            Retail    Kirin                          Food
                                                                                                                   Sugar Spa                    Personal Care
                                      Opal                      Food      Mountain View Optomerty      Services
                                                                                                                   Superhot Hot Pot                 Food
                                      Art Freame Studio         Retail
                                      Bonchon                   Food      CASTRO ST 500 BLOCK
                                                                                                                   W DANA ST NORTH
                                      West Valley Music         Retail    Bean Scene                     Food
                                                                                                                   Fashion Code Beauty Salon    Personal Care
                                      Tea Era                   Food      Bank of the West             Financial
                                                                                                                   La Espuela Mexican Food          Food
                                      Queen House               Food      Kaiser Permanente            Services
                                                                                                                   Julie Q's Hair & Nail        Personal Care
                                      Boutique4                 Retail    Wells Fargo Bank             Financial
                                                                                                                   Yakko Sushi                      Food
                                                               Personal
                                      Stock & Blondes
                                                                Care
                                      Mantra India              Food         W DANA ST SOUTH
                                      Icicles                   Food                                    Personal                               Personal
                                                                             Hair By Heinz                         Elegance Hair Salon
                                      Levels                    Retail                                   Care                                   Care
                                      Easy Foods Co            Grocery                                  Personal   Shalala                      Food
                                                                             La Beauty Skin Care         Care      GTS Automative               Retail
                                                                             Model Shoe Repair           Retail    Alberto's                    Food
                                                                             Windows & Beyond            Retail    Kakaroto Japanese            Food
                                                                             Sushi Tomi Japanese         Food      Dana Street Roasting Co.     Food
                                                                             Yuan Ming Acupuncture                 E&W Natural Way              Retail
                                                                                                        Services
                                                                             Clinic
                                                                                                                                               Personal
                                                                                                        Personal   Face-N-Body
                                                                             Luxuray Skincare                                                   Care
                                                                                                         Care
                                                                                                                   La Fontaine                  Food
                                                                             Buen Viaje Travel          Services
                                                                                                                   Eureka!                      Food
                                                                             Chiropractic Performance Services
                                                                             Center
CHAMBERMV.ORG
                                                                                                                                  DOWNTOWN MAP | 19
RESIDENTIAL MARKET OVERVIEW
                  The Bay Area is one of the most under-supplied housing markets        The Mountain View submarket also continues to be undersupplied
                  in the nation. From 2010 through 2021, the region has added over      with housing options. Highlighting this aspect of the market is an
                  84,575 jobs; however, during this same time period only 224,300       amazing decrease of time a listing home is on the market which
                  housing units have been approved. This jobs/housing imbalance         currently stands at 12 days and the average homes sell for about
                  is creating enormous upward pressure on the residential market        5% above list price.
                  throughout the Bay Area, turning it into one of the greatest places
MARKET OVERVIEW

                  to invest in the United States.

                           MOUNTAIN VIEW                               MOUNTAIN VIEW                                    MOUNTAIN VIEW
                         MEDIAN HOME VALUE:                        MEDIAN HOME VALUE YOY:                               AVERAGE RENT:
                                $1,885,532                                       4%                                         $2,719
SILICON VALLEY JOBS TO HOUSING
JOBS FAR OUTPACE HOUSING SUPPLY
                                                                                                                                                         NEW REGIONAL HOUSING KEEP
                                                                                                                                                         ALLOCATION (RHNA) FOR SAN
                                                                                                                                                         FRANCISCO BAY AREA IS 441,176
                                                 Silicon Valley Jobs to Housing Gap: 2010 - 2021
4 00 ,0 0 0
                                                                                                                                                         NEW HOUSING UNITS BY 2030.
                                                                                                                       352,200
                                                                                                            329,300
                                                                                                312,800
                                                                                   291,400
3 00 ,0 0 0
                                                                       263,700
                                                                                                                                           244,300
                                                         221,900                                                                 224,700
                                                                                                                                                              SILICON VALLEY JOBS
2 00 ,0 0 0                                   179,200                                                                                                         TO HOUSING RATIO:
                                    142,800

                                                                                                                                                                2.9
                          96,300
1 00 ,0 0 0                                                                                                                75,613    81,730    84,575
              64,400                                                                                 59,522     68,431
                                                                            41,814       49,536
                                                              34,489
                                        14,700     23,257
                  4,434       8,219
         0
                 2010        2011      2012       2013        2014          2015         2016        2017       2018      2019      2020      2021
                                              Jo b Gro wt h          Ho using Perm its          MF Units Delivered

                                                                                                                                    The San Francisco Bay Area housing market
                                                                                                                                    continues to be under-supplied and still exhibits
                                                                                                                                    healthy demand. Job growth in the region
                                                                                                                                    is outpacing the amount of building permits
                                                                                                                                    being pulled further widening the gap. Since
                                                                                                                                    2010, within Santa Clara County, there has
                                                                                                                                    been approximately 180,700 jobs added; yet,
                                                                                                                                    only 71,033 new housing permits. This dramatic
                                                                                                                                    imbalance is creating powerful upward pressure
                                                                                                                                    on pricing and rents for all housing types.
DOWNTOWN MOUNTAIN VIEW, CA
VILLA STREET @ VIEW STREET

 ± 0 . 3 9 AC R E S
GROUND LEASE OPPORTUNITY
I N D O W N T O W N M O U N TA I N V I E W

CONTACT INFORMATION:

GREG PONCETTA                    MARK RUSSELL            JEFF AGUILAR
Senior Vice President            Senior Vice President   First Vice President
+1 408.453.7460                   +1 408.453.7465        +1 408.453.7448
greg.poncetta@cbre.com           mark.russell@cbre.com   jeff.aguilar@cbre.com
Lic. 01218360                    Lic. 01237945           Lic. 01885083
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