| 888, 890, AND 894 MONTEREY STREET, , SAN LUIS OBISPO, CA 93401

888, 890, AND 894MONTEREY STREET,SAN LUIS OBISPO, CA 93401

Kevin King BRE#01932713Managing Director805.541.5464CalDRE #01932713

Presented by

1 PROPERTYINFORMATION

888, 890, And 894 Monterey Street,San Luis Obispo, CA 93401

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 3

OFFERING SUMMARY

Sale Price: $4,425,000

Proforma Cap Rate: 5.12%

NOI: $226,524

Lot Size: 7,318 SF

Building Size: 9,992 SF

Zoning: Downtown Commercial

- Historic (C-D-H)

Price / SF: $442.85

The building is brick constructed with a concrete foundation. The two-story structure has upper-level offices with andlower-level retail offices. The building is formally known as the “PG&E Building” and comprises 9,992 square feet. Thebuilding has a flat tar and gravel roof and was installed in the last few years. The windows are anodized bronze withstorefront entries along Monterey St. The front exterior of the building is stucco with fixed, showroom windows. There ispotential to add over 50% to the existing square footage by building over the parking lot, which would be deemed highlylikely to be approved with three city Parking Structures within a half mile, two of them one block away. There is also thepossibility of building up a story or two to add residential units.

PROPERTY OVERVIEW

San Luis Obispo is the ideal California town, the picturesque city is fringed by the Santa Lucia Mountains to the north andwith the Pacific Ocean only 11 miles away, and residents enjoy unfettered access to the best of California's wilderness andnatural areas, with 84 miles of coastline fronting the Pacific Ocean. The region boasts some of the world’s finest wineries.As the site of one of the iconic Spanish missions in California and the home of California Polytechnic State Universitywhich is recognized nationwide for its engineering, business, agriculture, and architecture programs, San Luis Obispooccupies a unique place in the history of the state. These establishments have given rise to many local shops andrestaurants, which have created a unique character in this college town, located halfway between San Francisco and LosAngeles.

LOCATION OVERVIEW

Property Summary

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

SALE HIGHLIGHTS

• Commercial Retail/Office Building in the Heart of Charming Downtown San Luis

Obispo

• Huge Upside Potential with Rental Increases and Development Potential

• Heavy foot and auto traffic area

• Located on a Hard Corner with Ingress and Egress on Two Major City Streets

• Located next the newly developed Downtown Center and the soon to be

opened Hotel SLO

Complete Highlights

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Rear Elevation from Morro St.

Additional Photos

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

894 Interior View 894 Interior View

890 Showroom 890 Typical Office - Second Floor 890 Typical Office - Second Floor

Additional Photos

2 LOCATIONINFORMATION

888, 890, And 894 Monterey Street,San Luis Obispo, CA 93401

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 8

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Regional Map

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Location Maps

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

3 FINANCIALANALYSIS

888, 890, And 894 Monterey Street,San Luis Obispo, CA 93401

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 13

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 14The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

INVESTMENT OVERVIEW PROFORMA

Price $4,425,000Price per SF $442.85CAP Rate 5.1%Cash-on-Cash Return (yr 1) 2.66%Total Return (yr 1) 10.78%Debt Coverage Ratio 1:22

OPERATING DATA PROFORMA

Gross Scheduled Income $261,939Gross Income $261,939Operating Expenses $19,698Net Operating Income $226,524Pre-Tax Cash Flow $41,240

FINANCING DATA PROFORMA

Down Payment $1,548,750Loan Amount $2,876,250Debt Service $185,284Debt Service Monthly $15,440Principal Reduction (yr 1) $42,435

Financial Summary

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 16The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

TENANTNAME

UNITNUMBER

UNITSIZE (SF)

MONTHLYRENT

PRICEPER SF/MO COMMENTS

Steven Patrick 888 Monterey St 1,260 $2.100 $1.67 Month-to- Month

Blade Runner 894 Monterey S 4,033 $7,560 $1.87 Month-to- Month

890 Monterey St

CRSA Suites A & B 1,229 $1,830 $1.49 Exp. 2/20

Pacheco Suite C 192 $500 $2.60 Month-to- Month

Steadfast Suite D 448 $600 $1.34 Month-to- Month

Johnson Suite E 289 $625 $2.16 Month-to- Month

Owner Suite H 267 $0 $0

King Suite I 378 $525 $1.39 Month-to- Month

Totals/Averages 8,096 $13,740 $1.79 $0

Current Rent Roll

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 17The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

TENANTNAME

UNITNUMBER

UNITSIZE (SF)

ANNUALRENT

PRICEPER SF/YR COMMENTS

Steven Patrick 888 Monterey St 1,260 $45,360 $3.00

Blade Runner 894 Monterey S 4,033 $133,089 $2.75

890 Monterey St

CRSA Suites A & B 1,229 $40,557 $2.75

Pacheco Suite C 192 $6,912 $3.00

Steadfast Suite D 448 $14,784 $2.75

Johnson Suite E 289 $9,537 $2.75

Owner Suite H 267 $8,811 $2.75

King Suite I 378 $12,474 $2.75

Totals/Averages 8,096 $271,524 $2.79 $0

Proforma Rent Roll

6DEMOGRAPHICS

888, 890, And 894 Monterey Street,San Luis Obispo, CA 93401

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 27

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 28The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

1 MILE 3 MILES 5 MILES

Total population 12,666 47,271 69,807

Median age 25.3 26.2 28.7

Median age (male) 26.7 24.9 27.1

Median age (female) 24.4 28.0 26.0

Total households 6,240 19,441 24,571

Total persons per HH 2.0 2.4 2.8

Average HH income $50,789 $56,612 $60,678

Average house value $591,510 $612,370 $644,551

* Demographic data derived from 2010 US Census

Demographics Report

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 29The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 3 MILES 5 MILES

Total population 12,666 47,271 69,807

Median age 25.3 26.2 28.7

Median age (Male) 26.7 24.9 27.1

Median age (Female) 24.4 28.0 26.0

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 6,240 19,441 24,571

# of persons per HH 2.0 2.4 2.8

Average HH income $50,789 $56,612 $60,678

Average house value $591,510 $612,370 $644,551

* Demographic data derived from 2010 US Census

Demographics Map

7 ADDITIONALINFORMATION

888, 890, And 894 Monterey Street,San Luis Obispo, CA 93401

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 30

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 31The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Elevation North & West

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 32The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Elevations

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 33The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Floor Plans

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 34The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Floor Plans

888, 890, AND 894 MONTEREY STREET, SAN LUIS OBISPO, CA 93401 SVN | King Properties | Page 35The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Zoning