2030 28TH STREET

LIVE / WORK OPPORTUNITY FOR SALE IN SACRAMENTO’S URBAN CORE

2409 L STREET, STE 200 SACRAMENTO, CA 95816

916.573.3300 TURTONCOM.COM

© 2020 The information contained in the Offering memorandum is confidential and is not to be used for any other purpose or made available to other persons without the express written consent of Turton Commercial Real Estate (“TCRE”), Ken Turton or the owner. The material contained herein is based upon information supplied by owner in coordination with information provided by TCRE from sources it deems reasonably reliable. Summaries of documents are not intended to be comprehensive or all-inclusive but rather a general outline of the provisions contained herein and subject to more diligent investigation on the part of the prospective purchaser. No warranty, expressed or implied, is made by owner, TCRE or any other respec-tive affiliates, as to the accuracy or completeness of the information contained herein or any other written or aral communication provided to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other communication. Without limiting the general nature of the foregoing, the information shall not be deemed a representation of the state of affairs of the Property or constitute an indication that there has been no change in the business affairs, specific finances or specific condition of the Property since the date of preparation of the information. Prospective purchaser shall make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, inspection and review of the Property, including but not limited to engineering and environmental inspec-tions, to determine the condition of the Property and the existence of any potential hazardous material located at the site.

ZACHARY HOOKERDIRECTOR - LIC. 02013574916.573.3315ZACHARYHOOKER@TURTONCOM.COM

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AARON MARCHANDVICE PRESIDENT - LIC. 01711650916.573.3305A ARONMARCHAND@TURTONCOM.COM

DAVID MESSERDIRECTOR - LIC. 01958185916.573.3313DAVIDMESSER@TURTONCOM.COM

203028TH STREET

2030 28TH ST IS A WELL-DESIGNED PROJECT LOCATED NEAR THE HEART OF SACRAMENTO’S URBAN CORE.

Section One: The Opportunity

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THE OPPORTUNITY

The Nest at 2030 28th Street, is an extremely

well-designed project located near the heart of

Sacramento’s urban core. Lease terms are NN

with the owner responsible for property taxes

and insurance. Showcasing high-end finish-

es, these newly renovated spaces emphasize

an open feel with exposed beam ceilings, LVT

plank flooring, all glass showers, and vessel

sinks in each bathroom. There is an abundance

of free street parking directly in front of, and

surrounding, the Subject Property.

The new owner of 2030 28th St will enjoy the

flexibility offered with C-2 zoning. Currently

configured as 2 retail spaces, the property of-

fers the option for ownership to convert one or

both retail spaces into residential units (for up

to 4 total residential units) upon the conclusion

of the in-place leases. These features, along

with immediate access to all major highways

and public transportation, translate to a high-

ly desirable investment opportunity for future

ownership, especially with population growth

outpacing the national norm.

Newton Booth hosts one of the highest con-

centrations of homeowners in the Grid. This

area’s slight elevation variations adds a layer

of intrigue to the street scene. Large, old trees

keep the roads cool for the constant stream of

cyclists coming down T Street. Architecturally,

this corner of town is associated with crafts-

man cabanas, clean bungalows, four-square

quadplexes, Victorians, and even some Tu-

dor-style homes. There will also be eight (8)

single family homes completed adjacent to the

subject property.

Enjoy an easy stroll to three of the Urban Core’s

staples: Sacramento’s Natural Foods Co-Op—

offering the best organic and locally sourced

foods in the area; Temple Coffee—a refined,

local coffee roaster presenting patrons with

an exceptional coffee house experience, and

Pushkin’s Bakery—one of Sacramento’s pre-

mier bakeries, offering the Region’s most

popular selection of gluten-free and dairy-

free baked goods. Hop on a Jump Bike, a Lime

Scooter, or take a walk through the neighbor-

hood; or, over to the historic McKinley park in

East Sacramento, with its scenic rose garden

and sprawling lawns. Nearby is the bustling

R-Street or, Broadway Corridors— each locat-

ed within one mile—filled with trendy eateries,

cafes, and local watering holes.

Sacramento is bursting with employment op-

portunities, especially in the health care field.

According to the California Economic Develop-

ment Department the Education, Health Care,

and Social Assistance sector is estimated to

grow a staggering 26.4%—the highest of all

industry sectors. Not to mention 8 of the 10

fastest growing occupations in the Greater

Sacramento area are health care related. 2030

28th Street is conveniently located less than 2

miles from Sutter Medical Center, Mercy Gen-

eral Hospital, the UC Davis Medical Center, and

Shriner Children’s Hospital.

2± 3,075 $1,395,000PRICERSF RETAIL SPACES

762-776 C-2SF AVERAGE UNIT SIZE ZONING

203028TH STREET

Turton Commercial Real Estate is pleased to present the opportunity to purchase The Nest at 2030 28th Street, a 100% leased like-new building for the investor seeking consistent cash flow with minimal maintenance.

Address: 2030 28th Street, Sacramento, CA

95818

Price: $1,395,000

Year Built: 1956 (2019 Remodel)

Number of Units: 2 retail spaces

Total Rentable Square Feet: ± 3,075 SF

Total Gross Area: ± 3,200 SF

Average Unit Size: 762 to 776 SF

Occupancy:

Pro-Forma Net Operating Income:

*100% (estimated to be fully

leased at close of escrow)

*$73,819 (estimated)

PROPERTY DETAILS

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Section One: The Opportunity 203028TH STREET

Building Features:

• Water proofed footings with French drains on north building side

• New slab

• New plumbing from the city connection at the alley to the building

• New roof – 20 year TPO

• Title 24 compliant project with new window systems

• New HVAC

• New electrical panels, distribution & lighting

• New fire sprinkler system and fire alarm panel

• New appliances

• 2019 ADA compliant

• 100% Leased investment with 7 year lease terms

All units feature (including the 50% commercial space on the east

side of the property):

• Open, exposed ceilings

• Butcher-block countertops

• LVT flooring

• Dual-pane windows

• All black kitchen cabinets

• Dishwashers

• All glass showers with fully tiled walls

• Vessel sinks

• Energy efficient heating and air systems

• Private access setbacks to the south facing front doors

Section Two: Building Location

3BLOCKS FROM SAC FOOD CO-OP AND PUSHKIN’S BAKERY

1BLOCK FROM HWY

50, 99, AND 80

11BLOCKS FROM TRUITT

BARK PARK (DOG PARK)

12BLOCKS FROM THE MARRS (J

& K ST CORRIDOR)

11BLOCKS FROM

R STREET CORRIDOR

15BLOCKS FROM MCKINLEY

PARK & ROSE GARDEN

4BLOCKS FROM

WINN PARK

1.1MILES FROM

MCGEORGE SCHOOL OF LAW

15BLOCKS FROM THE

LAVENDAR DISTRICT

8

3

BLOCKS FROM SUTTERMEDICAL CENTER

BLOCKS FROMTEMPLE COFFEE

4BLOCKS FROM HACKER LAB

WORK/MAKER SPACE

1.4MILES FROM UC DAVIS

MED CENTER & SHRINERS

7BLOCKS FROM PARAGARY’S

BISTRO & INK PUB

1.8MILES FROM MERCYGENERAL HOSPITAL

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BUILDING LOCATIONThe Nest is located within easy walking and biking distance of virtually every significant landmark in Sacramento’s urban core. In addition, 2030 28th Street finds itself at the centroid between Midtown’s thriving retail and entertainment scene, East Sacramento’s classic parks and eateries, and the expanding Broadway Corridor:

EASY ACCESS TO THE AMERICAN RIVER BIKE PATH: 32 MILES OF PAVED TRAIL FOLLOWING THE LENGTH OF THE AMERICAN RIVER.

Nearby Mural by Nate Frizzel

203028TH STREET

Nearby Mural by Shaun Burner & Miguel Bounce Perez

MARRS

Winn Park

Mercy Urgent Care

Casablanca Cafe

29th Street Station

State Capitol

Golden 1 Center

Temple CoffeeSac Food Co-OpRevolution WinePushkins Bakery

I Love TeriyakiZelda’s Pizza

Jalapeno’sN Street Cafe

Suzie Burger

Downtown’s Kitchen BBQ and Round Corner

2030 28th Street

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Section Two: Building Location

Tea Cup CafePress Club

SubwayCafe Aulait

TownHouse LoungeOld Tavern BarThe Zebra Club

Pour House

Tres HermanasKru

The Golden BearChicago Fire

KuprosBeach Hut Deli

Thai BasilDrunken Noodle

BadlandsLowBrau

Peet’s CoffeeTamaya Sushi BarGinger Elizabeths

Buckhorn GrillAioli

CrepevilleSubway

Hook & LadderErnesto’s MexicanFlame Club

Pizza HutKamon Japanese

QuicklyLa Garnacha

SafewayPanda ExpressPeet’s Coffee

StarbucksPhil’z Coffee

Mendocino FarmsRyuJin Ramen

Beast & BountyMilk Money Donuts

Tako Korean BBQ

The Linq

Socotra Capital

YMCA

McClatchy Library

CA Deptartment ofTransportation

Merryhill Elementary& Middle School

Tuli BistroLocalis

Abatin WellnessCenter

California FamilyFitness

AccomodationsMotel

Growers ChoiceFloral

203028TH STREET

U

27th

28th

Paragary’sInk Eats

Jimboy’s TacosCafe Bernardo

Monkey Bar

Fish Face PokeCamellia CoffeeBottle & Barlow

StarbucksFox & Goose

Market 5-One-5Shoki Ramen

Dad’s Sandwiches

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The Property also benefits from proximity to several popular restaurants and bars, with easy access to every corner of the growing city.

POPULAR RESTAURANTS NEAR 2030 28TH STREET (NOT ALL ARE MENTIONED HERE):

58 Degrees & Holding Co.

Ace of Spades

Aioli Bodega Espanola

Amaro Italian Bistro & Bar

Art of Toys

Azul Mexican

Badlands

Bar West

Bento Box

BevMo

Block Butcher Bar

Bottle & Barlow

Broderick Midtown

Buckhorn Grill

Burger Patch

Burgers and Brew

Cafe Bernardo

Café Bernardo’s

Cantina Alley

Centro Cocina Mexicana

Chipotle

Cornerstone

Crepeville

Der Biergarten

Dos Coyotes

Eatuscany Cafe

Elixir Bar & Grill

Faces

Federalist Public House

Fieldwork Brewing Co.

FishFace Poke Bar

Fit Eats

Fox & Goose Public House

Ginger Elizabeth Chocolates

Grange

Highwater

Hot Italian

I Love Teriyaki

Identity Coffee

Iron Horse Tavern

Jack’s Urban Eats

Karma Brew

Kru Japanese

Bombay Bar & Grill

Kupros Craft House

Lowbrau

Lucca

Luna’s Cafe & Juice Bar

Mango’s/Burgertown

Make Fish

Mercantile Saloon

Metro Kitchen & Drinkery

Mikuni Sushi

Monkey Bar

Mulvaney’s B&L

N Street Cafe

Nekter

Nido

Nishiki Sushi

Old Soul Coffee

Pachamama Coffee Coop

Paesano’s

Paragary’s

Pizzeria Urbano

Portofino’s

Press Bistro

Pronto Pizza

Pushkin’s Bakery

Q Street Bar & Grill

R15

Red Rabbit

Rick’s Dessert Diner

Roxie Deli and Barbecue

Sakamoto

See’s Candies

Shady Lady

Shoki Ramen House

Skool

Squeeze Inn

Sun & Soil Juice

Tank House BBQ

Tapa the World

Tea Cup Cafe

Temple Coffee

Thai Basil

Thai Canteen

The Bread Store

The Golden Bear

The Mill Coffee House

The Porch

The Press

The Rind

The Waterboy

Tres Hermanas

Uncle Vito’s Pizza

University of Beer

Waffle Square Country Kitchen

Yogurt a GoGo

Zelda’s Pizza

Zocalo

SOUTHSIDE PARK

STATE CAPITOL

ROOSEVELT PARK

SUTTER’S FORT

WINN PARK

TRUITT BARK PARKFREMONT PARK

16H16E

ONYX APARTMENTS

16TH

P

R

20TH

L

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2030 28th Street

GOLDEN 1 CENTER

NEARBY AMENITIES

Section Two: Building Location 203028TH STREET

RAILYARDS

WATERFRONT

401 BROADWAY

1601 BROADWAY

THE MILL

California is now the fifth largest economy in the

world. Sacramento, being the hub of California’s

governmental structure, provides an incredible

amount of economic stability throughout the Re-

gion. In addition, Sacramento is being increasing-

ly recognized as an outdoor enthusiast’s dream

city with its remarkably central location to Lake

Tahoe, the Sierra’s, Yosemite and the Coast.

In a recent study completed by WalletHub for

National Nutrition Month, Sacramento was ranked

the 5th healthiest city in the United States among

100 large cities (ranking higher than Denver,

Colorado Springs, San Francisco, Portland, Aus-

tin, San Antonio and Seattle). Forbes magazine

ranked Sacramento as the 10th healthiest city in

the United States versus all cities. A big part of

this recognition stems from the cities’ proximity

to the American River. Hiking trails and white-wa-

ter rafting abound along the American River. One

of Sacramento’s crown jewels... the 32-mile Amer-

ican River Bike Trail runs entirely along the river

from Beal’s State Park to Discovery Park where it

conjoins with the Sacramento River to Old Sacra-

mento on the riverfront.

Located only 85 miles east of San Francisco,

Sacramento enjoys easy access to the entertain-

ment amenities provided by the robust Bay Area,

as well as the entire Northern California region,

for about 60% of the cost.

With a consistent climate, featuring over 300

days of sun on average throughout the year, the

Region is located at the Northern portion the Cen-

SACRAMENTOtral Valley which produces more agriculture than

any other valley in the United States, If you are

eating a tomato in the United States there is a

9 in 10 chance it came from the Central Valley.

Lettuce, almonds, rice and mandarin oranges are

close behind. This unique combination of soil,

water and temperature in coordination with Sac-

ramento’s solid, highly reliable economic base,

make Sacramento the “farm-to-fork” capitol of

the world. No one on earth eats fresher food than

“Sacramentans”. If you want to select the perfect

wine to compliment your meal you are a mere 60

minutes from arguably the finest wine region in

the world. On any given day it is faster (not closer)

to get to downtown Napa from Sacramento than

from San Francisco.

1 3

THERE’S A REASON EVERYONE IS COMING HERE.

Section Three: Sacramento 203028TH STREET

Ten minutes from downtown Sacramento is the

University of California at Davis, acknowledged

as one of the finest agricultural institutions in

America, and home to the Mondavi Center, a $10M

performance art center donated by the Mondavi

Family who also maintain a close relationship with

Davis’ Viticulture department.

In addition to the State Government, Sacramento

features a number of larger locally based employ-

ers including Vision Service Plan, Blue Diamond

Almond Growers (located on 16th Street), Raley’s,

Sutter Health, Dignity Health, Kaiser Permanente,

UC Davis Medical Center, McClatchy, California

Public Employees Retirement System and Califor-

nia State Teachers Employee Retirement System...

two of the largest pension funds in the world.

Regional employers with large presence in Sac-

ramento include AT&T, Wells Fargo, Intel, Apple,

AAA and Tesla.

Employment growth in Sacramento has largely

outpaced the national average since 2012. Pro-

fessional & business services, and leisure & hos-

pitality have been among the strongest growth

sectors in this cycle; however, the education &

health services sector have been the largest con-

tributor to job growth since the bottom of the eco-

nomic downturn. Total employment in this sector

is nearly 25% above its prerecession peak. Local

hospitals have noted that as of May 2018, thou-

sands of medical positions remain unfilled due to

the lack of skilled talent in the metro area. Within

the professional & business services sector, ad-

ministrative and support jobs have benefitted,

because the metro’s low business costs attract

firms with back-office operations. Continued

growth is expected in the state and local govern-

ment sectors. Sacramento has the highest share

of public sector employment in the country (ap-

proximately 25%) ahead of Washington D.C.

Sacramento’s relative affordability remains one

of its biggest draws. Population growth is expect-

ed to average about 1% (20,000 annually for the

region) over the next five years and is expected to

outpace the national average. Household growth

continues to far outpace the rate of single-fami-

ly and apartment deliveries. In recent years, Bay

Area residents have flocked to Sacramento to es-

cape rising housing costs.

1 5

Section Three: Sacramento 203028TH STREET

Section Three: Sacramento

Nowhere is the word “renaissance” more appli-

cable and demonstrable than the City of Sacra-

mento.

In 2013, the City of Sacramento, working closely

with NBA Commissioner David Stern, completed a

most transformative economic transaction in Sac-

ramento. A Bay Area ownership team was brought

in to purchase the Kings including constructing a

masterful plan to finance and build a new state-

of-the-art 19,000 seat arena in the heart of the

downtown grid.

The new Entertainment and Sports Arena (Gold-

en1 Center) was completed in fall of 2016. It can

accommodate up to 20,000 people for sports

games, concerts, and conventions. Along with

Golden1 Center, a newly developed Kimpton Hotel

tower that include luxury condos above was de-

veloped. Both new projects anchor the Downtown

Commons (DOCO), which is a new +/-600,000

square foot retail and entertainment center, tar-

geting final tenants Fall of 2019.

The impact to Sacramento’s urban core of this

exceptional achievement has truly formed the

foundation for Sacramento’s urban renaissance.

Since the formal approval by City Council of the

city’s contribution to construct the Arena (and re-

tain the Sacramento Kings) the floodgates have

opened to the urban migration of retailers, busi-

nesses, and residents. Vacancy rates in commer-

cial properties have dropped steadily and rapidly

in every urban district. Property values escalated

exponentially. Blighted buildings on the J, K and L

Street corridors were (or are in the process of be-

ing) activated. 2,000+ new residential units were

constructed over the next three years.

R Street, an avenue of old industrial warehous-

es, has been transformed into a community of

high-end office workers, artisans, restaurants

and residents. Between 2016 and 2019 over 1,000

new residential units will be added to the Down-

town Grid and/or immediately surrounding blocks.

Midtown, already recognized nationally as one of

the most walkable business/residential neighbor-

hoods in America, became even more popular with

retail rents soaring to the upper $36 per SF annu-

al range, and vacancies diminishing to under 4%.

Residential rents which had historically hovered

below $2 per square foot have escalated to $3.15-

urban renaissance

1 7

$4 per square foot for best-in-class properties.

Over 120,000 people work in the Downtown/Mid-

town area and there is no workplace that isn’t in

walking distance or a short JUMP ride from 2030

28th Street.

According to a recent study completed by Bay

Area Economics (BAE) Urban Economics in co-

ordination with the Capitol Area Development

Authority (CADA), and the City of Sacramento,

only 6% of the population lives in the urban core.

Estimated demand over the next decade is more

than +/-11,700 units with a possible demand of

up to 20,000 units. Current total pipeline supply

is +/-5,664 units, and that is being very generous

with submarkets like the Railyards, accounting

for up to +/-2,000 of those units, which is still

in need of significant infrastructure. In addition,

several high-rise residential projects accounting

for at least another +/-500 units seem, at this

time, economically infeasible requiring rents of

over $4.00 per sf to warrant concrete, steel and

glass construction inclusive of multi-story con-

crete parking structures.

Demand for apartment units targeting residents

with median family incomes in excess of 120%

over the mean is almost +/-2,000 units above pro-

jected supply. This does not account for the eco-

nomic construction challenges mentioned above.

It goes without saying the number of professional

workers in the urban core of the State’s Capitol

is extensive. 60% of the workforce has some col-

lege education and over 1/3 of the workforce have

bachelor’s degrees or graduate degrees. 38%+ of

the workforce is millennial or Gen Y, and 39%+ of

the workforce earns over $50,000 annually, with

25% earning $75,000 - $150,000+ per year.

These figures do not account for continuing and

increasing regional migration from the Bay Area

which is booming as housing prices in the Sacra-

mento Region are +/-60% of Bay Area prices in

every category.

The future of well-designed apartments looks

very, very bright in Sacramento’s urban core.

demand for luxury living

203028TH STREET

Sacramento is the country’s farm to fork capital, has world class coffee, and sports a huge river parkway perfect for

running, riding, and hiking. The city is a short drive from Lake Tahoe, the Napa Valley, and San Francisco.

THIS

CITY

ROCKS

2 0

Section Three: Sacramento 203028TH STREET

#1 Happiest workers in midsized cities

#2 Top 10 most fun, affordable U.S. cities

#4 U.S metro clean tech index

#4 Best cities for nerds

#5 Hot startup cities

#5 U.C. cities with fastest tech job growth

#5 Healthiest large city in America

#6 Nation’s greatest cities for food lovers

#10 Best cities for women in the workforce

#10 Best cities for coffee snobs

#10 Lease Stressed-out cities

#14 America’s coolest cities

#16 Best cities for millennials

#25 America’s top 50 biking cities

SACRAMENTO’S CITY RANKINGS

FASTER GROWTH THAN AVG IN PRO-FESSIONALS WITH BACHELORS

2013 2015 2017 2019100%

102%

104%

106%

108%

110%

SACRAMENTO DATA BITESSacramento’s relative affordability versus amenities remains one of its biggest draws. Population growth is expected

to average about 1% (20,000 annually for the region) over the next five years and is expected to outpace the national

average. Household growth continues to far outpace the rate of single-family and apartment deliveries. In recent years,

Bay Area residents have flocked to Sacramento to escape exorbitant housing costs.

2 1

Section Three: Sacramento

SACRAMENTO REGION ANNUAL SALARY BREAKDOWN:

Over $100,000 - 17%$75,000 - $100,000 - 11%

$60,000 - $75,000 - 10%$40,000 - $60,000 - 18%

$30,000 - $40,000 - 12%Under $30,000 - 32%

LARGEST EMPLOYMENT INDUSTRIES WITHIN 1 MILE RADIUS OF THE PROPERTY:

ANNUAL CONSUMER SPENDING WITHIN A ONE MILE RADIUS OF THE PROPERTY:

Entertainment

Eateries/alc.

Transport

Health & ed.

Household

20 40 60 80*Numbers in millions0

*Based on data from 2019

NUMBER OF EMPLOYEESWITHIN VARYING RADIUS OF THE PROPERTY:

1 MILE 2 3

85,223

147,025

189,518

48% Public Admin. & Sales

17% Science & Tech.

4% Information

5% Healthcare & Social

7% Hospitality & Food

19% Other

WALKSCORE:

93BIKE

SCORE:

98TRANSITSCORE:

53

203028TH STREET

BUILDING LOCATION

IF YOU ARE GOING TO MOVE, THE URBAN CORE IS WHERE YOU WANT TO BE.

14575,000+40,000+ 58AWESOME BARSSF OF NEW DEVELOPMENT RESTAURANTSDAILY VISITORS

Amazing third wave coffee abounds within every direction of the Subject Property. Pachamama, The Mill, Old Soul at the Weatherstone, Temple Coffee not to mention Peet’s and Starbucks.

Sacramento’s urban core is the perfect fusion of successful locally owned business; a healthy dose of carefully selected national and regional retailers, and an eclectic mix of high-end demographic occupations that are embedded in a landscape of unique older buildings and mature trees.

Move to Midtown where people come to meet with friends and make new friends over beer, good food, farmer’s markets and art events. It

is the center of Sacramento’s art, music, and cultural scene and is the most centralized area in the city of Sacramento. With easy access to Downtown, Old Sacramento, West Sacramento, and East Sacramento, the Submarket caters to the daytime workforce as well as the weekend neighborhoods.

Within Midtown, the Lavender Heights neighborhood has emerged as one of the submarket’s hottest micro-markets. The neighborhood features Sacramento’s most successful restaurants and nightlife venues and has an eclectic mix of local restaurants, art galleries, coffee houses and boutiques.

This whole area boasts high foot traffic both

day and night; it’s a hot spot for those who love to eat, drink, and enjoy many of Midtown’s most popular establishments. While it is an excellent starting location for the popular Second Saturday festivities, the District is home to many additional noteworthy events such as the Midtown Farmers’ Market, THIS Midtown block parties, PARK(ing) Day, and much more.

Large infill housing and mixed-use development projects are sprinkled throughout the grid but concentrated in Midtown, indicating regional growth and an increased emphasis on inner-city living. Midtown development is abundant and headlined by several high identity projects.

1 0

Section Four: The Location 203028TH STREET

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DE

NV

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S E A T T L E

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2409 L STREET, STE 200 SACRAMENTO, CA 95816

916.573.3300 TURTONCOM.COM

© 2020 The information contained in the Offering memorandum is confidential and is not to be used for any other purpose or made available to other persons without the express written consent of Turton Commercial Real Estate (“TCRE”), Ken Turton or the owner. The material contained herein is based upon information supplied by owner in coordination with information provided by TCRE from sources it deems reasonably reliable. Summaries of documents are not intended to be comprehensive or all-inclusive but rather a general outline of the provisions contained herein and subject to more diligent investigation on the part of the prospective purchaser. No warranty, expressed or implied, is made by owner, TCRE or any other respec-tive affiliates, as to the accuracy or completeness of the information contained herein or any other written or aral communication provided to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other communication. Without limiting the general nature of the foregoing, the information shall not be deemed a representation of the state of affairs of the Property or constitute an indication that there has been no change in the business affairs, specific finances or specific condition of the Property since the date of preparation of the information. Prospective purchaser shall make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, inspection and review of the Property, including but not limited to engineering and environmental inspec-tions, to determine the condition of the Property and the existence of any potential hazardous material located at the site.

Aaron Marchand of Turton Commercial Real Estate isa licensed real estate agent in the State of CA, BRELicense #01711650, and has an ownership positionin 2030 28th Street.

ZACHARY HOOKERDIRECTOR - LIC. 02013574916.573.3315ZACHARYHOOKER@TURTONCOM.COM

AARON MARCHANDVICE PRESIDENT - LIC. 01711650916.573.3305A ARONMARCHAND@TURTONCOM.COM

DAVID MESSERDIRECTOR - LIC. 01958185916.573.3313DAVIDMESSER@TURTONCOM.COM

203028TH STREET