3 -6 3.6% 4.9% - loopnet · 2017-11-11 · net absorption (000) (6) 8 16 49 2007 q3 (103) 2006 q3...

12 Mo. Deliveries in SF (000) 12 Mo. Net Absorption (000) Vacancy Rate 12 Mo. Rent Growth

3 -6 3.6% 4.9%

Annual Trends 12 Month Change Hist. Avg. Fcst. Avg. Peak When Trough When

Vacancy 0.4% 2.7% 3.6% 6.7% 2009 Q3 0.0% 2005 Q4

Net Absorption (000) (6) 8 16 49 2007 Q3 (103) 2006 Q3

Net Deliveries (000) 3 13 17 82 2008 Q2 0 2011 Q4

Rent Growth 4.9% 1.4% 1.5% 7.5% 2016 Q4 -6.3% 2009 Q3

Sales ($ millions) $3 $15 N/A $149 2015 Q4 $0 2009 Q1

KEY INDICATORS

Current Quarter RBA (000) Vacancy Rate Asking Rent Availability Rate Net Absorption (000)

Net Deliveries (000)

Under Const. (000)

Mall 210 8.5% $44.99 13.0% 0 -- 0

Power Center -- N/A N/A N/A -- -- 0

Neighborhood Center 678 2.5% $44.73 2.5% (1) -- 0

SUBMARKET 2,240 3.6% $42.15 4.1% 1 0 28

NET ABSORPTION, NET DELIVERIES AND VACANCY RATE

© 2017 CoStar Group As of Nov 10, 2017

OverviewDanville/Alamo Retail

BUILDINGS BY VACANCY

BUILDINGS BY VACANCY RATE BUILDINGS BY VACANT SF



COMMUNITY CENTER MOST ACTIVE COMPETITIVE BUILDINGS IN SUBMARKET

Building Name Address RBA % of Slice Vacancy Net Absorption in SF

Alamo Plaza 170 Alamo Plz 76,628 17.4% 10.7% 3,032

225 Alamo Plz 225 Alamo Plz 13,393 3.0% 15.3% 18

NEIGHBORHOOD CENTER MOST ACTIVE COMPETITIVE BUILDINGS IN SUBMARKET


480 San Ramon Valley Blvd 480 San Ramon Valley ... 18,779 2.8% 7.3% (1,365)

GENERAL RETAIL MOST ACTIVE COMPETITIVE BUILDINGS IN SUBMARKET


172 E Prospect Ave 172 E Prospect Ave 6,400 0.8% 17.2% 1,640

532 San Ramon Valley Blvd 542 San Ramon Valley B... 7,609 0.9% 0.0% 1,200

Prospect Arcade 120 E Prospect Ave 4,085 0.5% 21.2% (868)

381 Hartz Ave 381 Hartz Ave 8,959 1.1% 25.7% (2,300)



CUMULATIVE NET ABSORPTION

NET DELIVERIES



CONSTRUCTION ACTIVITY

12 MONTH AVERAGE DELIVERIES IN SF AVERAGE BUILDING SIZE IN SF



UNDER CONSTRUCTION PROJECTS

No. Property Name Address % Leased GLA Start Yr. Deliv. Yr Owner/Developer

3 2017 San Ramon Valley Blvd 2017 San Ramon Valley Blvd 100% 17,000 2017 2017

5 Danville Retail on Railroad 302 Railroad Ave 100% 10,500 2016 2017Fortbay

Pegasus Development

DELIVERED PROJECTS


11 120 W Linda Mesa Ave 120 W Linda Mesa Ave 76% 5,200 2015 2016Jacqueline M. Pepper T...

6 Building 1 401 Hartz Ave 100% 8,551 2014 2015Nearon Enterprises

Castle Companies

8 Building 2 411 Hartz Ave 100% 6,675 2015 2015Nearon Enterprises

18 McCauley House 411 Hartz Ave 100% 1,250 2014 2015Castle Companies

15 480 Hartz Ave 480 Hartz Ave 100% 3,356 2008 2008Bridges Land Company

1 Bldg 3B 730 Camino Ramon 100% 31,159 2006 2008Castle Companies

Blake Griggs Propertie...

2 Building 760 760 Camino Ramon 100% 22,542 2006 2008Castle Companies


9 Bldg 3C 720 Camino Ramon 100% 5,577 2006 2008Castle Companies


10 Bldg 4 710 Camino Ramon 100% 5,311 2006 2008Castle Companies






7 444 Hartz Ave 444 Hartz Ave 100% 8,134 2007 2007Chern Investments Llc

17 404 Hartz Ave 404 Hartz Ave 100% 1,790 2007 2007

13 495 Hartz Ave 495 Hartz Ave 56% 4,000 2006 2007

16 3177 Danville Blvd 3177 Danville Blvd 100% 1,848 2006 2007Donahue Schriber Comme...

PROPOSED PROJECTS


4 Hartz Plaza 200 Hartz Ave 0% 13,000 N/A



ASKING RENT LEVELS AND ANNUAL GROWTH



SALES VOLUME AND MEDIAN PRICE



HISTORICAL SALES TRANSACTIONS

12 MONTH AVERAGE SALES VOLUME IN MILLIONS 12 MONTH SALES VOLUME IN MILLIONS BY OWNER TYPE



HISTORICAL SALES TRANSACTIONS

No. Property Sale Date Price SF Price Per SF Built Buyer Name

22 194 Diablo Rd 9/29/2017 $1,243,752 4,306 $289 1960

24 85 Front St 9/29/2017 $656,248 2,272 $289 1960

20 327 Hartz Ave 5/31/2017 $1,400,000 1,817 $771 1921 Jack & Sylvia Dudum Family (Private)

13 551 Hartz Ave 12/22/2016 $2,625,000 3,776 $695 1941 Philip Burkart (Private)

1 Alamo Plaza, 170 Alamo Plz 12/22/2015 $39,934,340 76,628 $521 1980 Donahue Schriber Commercial Real Estate (Private)

3 Alamo Plaza, 120 Alamo Plz 12/22/2015 $21,279,420 40,832 $521 Donahue Schriber Commercial Real Estate (Private)


6 Alamo Plaza, 225 Alamo Plz 12/22/2015 $6,979,703 13,393 $521 Donahue Schriber Commercial Real Estate (Private)


8 Bank of America, 110 Alamo Pl 12/22/2015 $5,814,943 11,158 $521 Donahue Schriber Commercial Real

Estate (Private)

11 Alamo Plaza, 115 ALAMO Plz 12/22/2015 $4,156,136 7,975 $521 Donahue Schriber Commercial Real Estate (Private)

17 Alamo Plaza, 3157 Danville Blvd 12/22/2015 $1,782,318 3,420 $521 1997 Donahue Schriber Commercial Real

Estate (Private)

2 Lunardi's Market, 345 Railroad Ave 12/7/2015 $28,102,170 41,000 $685 1999 Retail Opportunity Investments,

Corp. (Unknown)

4 Iron Horse Plaza, 405 San Ramon Valley Blvd 12/7/2015 $12,244,320 17,864 $685 2000 Retail Opportunity Investments,

Corp. (Unknown)

16 495 San Ramon Valley Blvd 12/7/2015 $2,053,514 2,996 $685 1999 Retail Opportunity Investments, Corp. (Unknown)

19 532 San Ramon Valley Blvd 10/21/2015 $1,660,000 7,609 $218 1964 Michael Mitchell (Private)

10 444 Hartz Ave 7/31/2015 $4,370,000 8,134 $537 2007 Chern Investments Llc (Private)

15 501 Hartz Ave 7/31/2015 $2,300,000 2,373 $969 1974 Genesis Holdings LLC (Unknown)

14 Ha's Restaurant, 531 Hartz Ave 7/21/2015 $2,600,000 2,014 $1,291 1986 Ronald M. Tate (Private)

18 150 E Linda Mesa Ave 12/5/2014 $1,699,000 2,720 $625 1978 Danville Community Dev. Agency (Unknown)

9 200 Hartz Ave 10/24/2014 $5,250,000 14,070 $373 1975 Galileo Capri (Unknown)

25 112 W Linda Mesa Ave 8/19/2014 $655,000 1,657 $395 1968 Deoliveira B & A Family Trust (Private)

23 179 Hartz Ave 12/20/2013 $985,000 3,550 $277 1953

12 522 Hartz Ave 9/27/2013 $3,000,000 5,967 $503 1961 Elwood Investments (Private)

21 294 Railroad Ave 2/13/2013 $1,250,000 3,260 $383 2001 Jerry & Mary Ann Boddum (Private)



SUBMARKET SUPPLY AND DEMAND HISTORY AND FORECAST

Inventory Net Absorption

Year SF (000) Growth (000) % Growth SF (000) % Growth Construction Ratio

2022 2,339 18 0.8% 18 0.8% 1.0

2021 2,321 19 0.8% 17 0.8% 1.1

2020 2,302 18 0.8% 17 0.8% 1.1

2019 2,284 17 0.7% 17 0.8% 1.0

2018 2,267 0 0.0% 6 0.3% 0.0

2017 2,267 28 1.2% 11 0.5% 2.6

2016 2,240 5 0.2% (14) -0.6% --

2015 2,234 16 0.7% 6 0.3% 2.9

2014 2,218 0 0.0% 29 1.3% 0.0

2013 2,218 0 0.0% 30 1.4% 0.0

2012 2,218 0 0.0% 21 1.0% 0.0

2011 2,218 0 0.0% (4) -0.2% --

2010 2,218 0 0.0% 19 0.9% 0.0

2009 2,218 0 0.0% (17) -0.8% --

2008 2,218 76 3.5% 28 1.4% 2.7

2007 2,142 16 0.7% 29 1.4% 0.5

2006 2,127 21 1.0% (62) -3.0% --

2005 2,106 0 0.0% 0 0.0% --

SUBMARKET VACANCY AND RENT HISTORY AND FORECAST

Vacancy Asking Rent

Year SF (000) Percent Ppts Chg Per SF Index % Growth

2022 84 3.6% 0.0 $45.14 123 1.7%

2021 83 3.6% 0.0 $44.39 121 1.4%

2020 82 3.5% 0.0 $43.77 119 1.3%

2019 81 3.5% 0.0 $43.20 117 1.2%

2018 81 3.6% (0.3) $42.68 116 1.2%

2017 87 3.8% 0.7 $42.15 114 4.5%

2016 70 3.1% 0.8 $40.32 109 7.5%

2015 51 2.3% 0.5 $37.50 102 5.7%

2014 41 1.8% (1.3) $35.49 96 6.8%

2013 69 3.1% (1.3) $33.23 90 3.0%

2012 99 4.4% (0.9) $32.26 88 -0.3%

2011 119 5.4% 0.2 $32.36 88 -3.1%

2010 115 5.2% (0.9) $33.38 91 -3.3%

2009 135 6.1% 0.8 $34.53 94 -6.3%

2008 117 5.3% 2.0 $36.83 100 -1.8%

2007 70 3.3% (0.7) $37.52 102 2.7%

2006 83 3.9% 3.9 $36.54 99 --

2005 0 0.0% 0.0 -- -- --



SUBMARKET SALES HISTORY

Volume Price

Year No. of Sales SF Volume Turnover Median Per SF Avg Price

2017 4 34,994 $3,300,000 1.5% $288.84 $1,100,000

2016 1 3,776 $2,625,000 0.2% $695.18 $2,625,000

2015 15 265,789 $149,116,043 11.9% $521.15 $9,941,069

2014 3 18,447 $7,604,000 0.8% $395.29 $2,534,667

2013 4 20,117 $7,404,115 0.9% $339.48 $1,851,029

2012 4 15,864 $4,225,000 0.7% $275.20 $1,056,250

2011 4 24,475 $7,740,000 1.1% $291.62 $1,548,000

2010 1 3,500 $650,000 0.2% $185.71 $650,000

2009 0 0 $0 0.0% -- --

2008 2 141,428 $850,000 6.4% $850.00 $850,000

2007 4 29,983 $29,020,000 1.4% $422.07 $9,673,333

2006 2 4,226 $2,600,000 0.2% $621.04 $1,300,000

2005 2 10,322 $3,850,000 0.5% $453.11 $1,925,000



MALL SUPPLY AND DEMAND HISTORY


Year SF (000) Growth % Growth SF (000) % Growth Construction Ratio

2017 210 0 0.0% (6) -2.9% --2016 210 0 0.0% (7) -3.2% --2015 210 0 0.0% (4) -1.8% --2014 210 0 0.0% 0 0.0% --2013 210 0 0.0% 4 1.8% 0.02012 210 0 0.0% (2) -0.9% --2011 210 0 0.0% 11 5.7% 0.02010 210 0 0.0% 12 6.7% 0.02009 210 0 0.0% (13) -6.7% --2008 210 0 0.0% (14) -6.7% --2007 210 0 0.0% 0 0.0% --2006 210 0 0.0% 15 -- 0.02005 210 0 0.0% -- -- --

MALL VACANCY AND RENT HISTORY

Vacancy Asking Rent


2017 18 8.5% 2.8 $44.99 119 4.3%2016 12 5.8% 3.1 $43.12 114 8.4%2015 6 2.6% 1.8 $39.79 105 5.7%2014 2 0.9% 0.0 $37.64 100 7.5%2013 2 0.9% (1.8) $35.01 93 3.2%2012 6 2.6% 0.9 $33.91 90 -0.1%2011 4 1.8% (5.3) $33.94 90 -3.0%2010 15 7.1% (5.8) $35.00 93 -2.3%2009 27 12.9% 6.2 $35.84 95 -5.1%2008 14 6.7% 6.7 $37.78 100 -1.1%2007 0 0.0% 0.0 $38.21 101 2.8%2006 0 0.0% 0.0 $37.18 98 --2005 0 -- 0.0 -- -- --

MALL SALES HISTORY

Volume Price

Year Sales SF Volume Turnover Per SF Avg Price

2017 0 0 $0 0.0% -- --

2016 0 0 $0 0.0% -- --

2015 0 0 $0 0.0% -- --

2014 0 0 $0 0.0% -- --

2013 0 0 $0 0.0% -- --

2012 0 0 $0 0.0% -- --

2011 0 0 $0 0.0% -- --

2010 0 0 $0 0.0% -- --

2009 0 0 $0 0.0% -- --

2008 0 0 $0 0.0% -- --

2007 0 0 $0 0.0% -- --

2006 0 0 $0 0.0% -- --

2005 0 0 $0 0.0% -- --



NEIGHBORHOOD CENTER SUPPLY AND DEMAND HISTORY


Year SF (000) Growth % Growth SF (000) % Growth Construction Ratio

2017 678 0 0.0% (11) -1.7% --2016 678 0 0.0% 3 0.4% 0.02015 678 0 0.0% (1) -0.2% --2014 678 0 0.0% 16 2.4% 0.02013 678 0 0.0% 4 0.7% 0.02012 678 0 0.0% 13 2.0% 0.02011 678 0 0.0% (5) -0.7% --2010 678 0 0.0% 19 3.1% 0.02009 678 0 0.0% (14) -2.3% --2008 678 72 11.9% 57 9.7% 1.32007 606 0 0.0% (1) -0.1% --2006 606 0 0.0% (6) -- --2005 606 0 0.0% -- -- --

NEIGHBORHOOD CENTER VACANCY AND RENT HISTORY

Vacancy Asking Rent


2017 17 2.5% 1.6 $44.73 117 5.5%2016 6 0.8% (0.4) $42.40 110 8.4%2015 9 1.3% 0.2 $39.12 102 5.8%2014 7 1.1% (2.3) $36.97 96 7.3%2013 23 3.4% (0.6) $34.44 90 3.3%2012 28 4.1% (1.9) $33.36 87 -0.5%2011 40 6.0% 0.7 $33.53 87 -3.5%2010 36 5.3% (2.8) $34.76 91 -3.1%2009 55 8.1% 2.1 $35.87 93 -6.5%2008 40 6.0% 1.9 $38.38 100 -1.7%2007 25 4.1% 0.1 $39.03 102 2.8%2006 24 4.0% 0.0 $37.96 99 --2005 0 -- 0.0 -- -- --

NEIGHBORHOOD CENTER SALES HISTORY

Volume Price

Year Sales SF Volume Turnover Per SF Avg Price

2017 1 26,599 $0 3.9% -- --

2016 0 0 $0 0.0% -- --

2015 0 0 $0 0.0% -- --

2014 0 0 $0 0.0% -- --

2013 0 0 $0 0.0% -- --

2012 0 0 $0 0.0% -- --

2011 0 0 $0 0.0% -- --

2010 0 0 $0 0.0% -- --

2009 0 0 $0 0.0% -- --

2008 0 0 $0 0.0% -- --

2007 0 0 $0 0.0% -- --

2006 0 0 $0 0.0% -- --

2005 0 0 $0 0.0% -- --



3 -6 3.6% 4.9% - loopnet · 2017-11-11 · net absorption (000) (6) 8 16 49 2007 q3 (103) 2006 q3...

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