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300 ENZO DRIVESAN JOSE, CA 95138

OFFERING MEMORANDUM

This Confidential O�ering Memorandum is being delivered exclusively by Intero Commercial Real Estate Services to a party who may be interested in the acquisition of the 300 Enzo Drive

described herein. This is a private o�ering made only by delivery of a copy of the Memorandum to the receipt. By accepting this memorandum, the receipt agrees to comply strictly with the

terms and conditions of the Confidentiality Agreement previously executed and delivered to the agent by the recipient with respect to this Memo and all the information contained. to

the use this memo only for the purpose of evaluating the o�ering made hereby.

The material contained in this Memorandum is provided solely to assist the Recipient in determining whether they are interested in making an investigation or evaluation concerning a

potential purchase of 300 Enzo Drive, San Jose CA 95138. Neither the Agent nor any a�iliates or client of the Agent which term includes related entities, the owners of any equity interest

in the Prop-erty, (“Owner”), the manager of the Property, and any o�icers, employees and agents of any such parties make any representa-tions or warranties with regard to the accuracy

or completeness of the information contained herein. This Memorandum may include statements and estimates provided by the Agent, the Owner, or the Manager with respect to the

anticipated future perfor-mance of the Property. Nothing contained in this Memorandum should be construed as a representation as to the future perfor-mance of the Property, and the

Recipient acknowledges and agrees that any statements or estimates relating to future perfor-mance reflect various assumptions concerning the Property’s anticipated results, which

may or may not prove to be correct. No representations are made as to the accuracy of such statements and estimates, and none of the Agent, the Owner, the Manager, or any related

entities shall have any liability with respect to or arising from any inaccuracy in such statements or estimates. State-ments made in this Memorandum as to the content of any contract

or other document referred to, are not complete or definitive descriptions, but summaries or portions thereof. Each such statement is qualified by its reference to the full text of the

contract or document, copies of which will be made available by the Agent to Recipient upon request. In addition, not all contracts or other documents, which may be relevant, have

been summarized or referenced in this Memorandum. This Memorandum is being de-livered by the Agent to a prospective purchaser with the understanding that it will independently

investigate those matters which it deems appropriate in evaluating the Property and will rely solely on its own investigation in determining whether to purchase the Property.

This Memorandum does not constitute an o�er to sell, or a solicitation of an o�er to buy, an interest in the Property in any juris-diction in which, or to any person for which, such o�er, sale,

or solicitation would be unlawful. Except where otherwise indicat-ed, the information contained in this Memorandum has been prepared as and no obligation is assumed to supplement or

modify the information to reflect subsequent events or conditions. Nothing contained in this Memorandum may be construed to consti-tute legal or tax advice to a Recipient concerning the

Property or purchase of the Property. More detailed information regarding the expected terms, conditions, and timing of the o�ering of the Property will be provided in due course by

separate communication with each Recipient. The Agent, the Owner and the Manager reserve the right to engage in discussions or negotiations with one or more recipients or other

prospective investors at any time without notification to, or other obligation to, any other Recipient or prospective investor. The o�ering made hereby is subject to a change in terms or

termination without notice. The Owner and the Manager will remain free to operate the Property in their sole and absolute discre-tion during the evaluation and o�ering

process, including the taking of such actions, whether within or outside of the ordinary course of business, which the Owner or the Manager shall deem necessary,

prudent or desirable. The Agent reserves the right to require the return of this Memorandum and any other material provided to the recipient at any time. Acceptance

of this Memorandum by the Recipient constitutes acceptance of the terms and conditions outlined above.

300 ENZO DRIVE | SAN JOSE, CA 95138 02

Intero Commercial | A Berkshire Hathaway Affiliate

CONFIDENTIALITY AGREEMENT

CONTENTS



EXECUTIVE SUMMARY

NEARBY RESTAURANT/MAJOR DEVELOPMENTS

FLOOR PLANS

SITE PLAN

PROPERTY PHOTOS

FINANCIAL OVERVIEW

LOCATOR MAP

COMPARABLES

AREA OVERVIEW

DEMOGRAPHICS

ABOUT INTERO

MEET THE BROKER

CONTACT



EXECUTIVE SUMMARY

Great Location

NNN

5% Cap Rate

THE OFFERING

REPORTS AVAILABLE:Property Report and JCP Commercial Property Report

Dan Gluhaich of Intero Commercial Real Estate is proud to o�er 300 Enzo Drive San Jose CA 95138, a single story building approx. 97,831 Square feet on approx 4.77 prime acres in the heart of San Jose. 300 Enzo Drive is an Industrial R&D Warehouse with excellent de-mographics, conveniently located near major restaurants and multiple anchors. Easily located o� Highway 101, 85, and Monterey Road.

LOCATIONThe subject property is located off Highway 101, 85, and Monterey Road on the north side of Enzo Drive. Prime location accessible from two

major Highways and a major thoroughfare. Conveniently located near major restaurants and multiple anchors. Capitol 6 Drive-in, Public Market,

Edenvale Shopping Center, Almaden lake Park and Fowler Creek park are close by.

5+ Years Left on Lease

97,831 Situated on 4.77 Acres of Beautifully Landscaped Land

Legal Description: Santa Clara County Assessor’s Parcel Number 678-06-022

SUMMIT STEAKHOUSE & SALONCHIPOTLE MEXICAN GRILLLITTLE CEASERS PIZZAMCDONALDSSATO SUSHIBURRITO FACTORYJADE CHINA RESTAURANTPHO 101JACK IN THE BOXTACO BELLWINGSTOP

FOOD MAXXTARGETPARTY CITYMARSHALLSLOWES HOME IMPROVEMENTPUBLIC STORAGEWELLS FARGO BANKVILLAGE OF THE FOUR SEASONSDOLLAR TREEBALANCE YOGA CENTERKAISER PERMANENTE SAN JOSE



NEARBY RESTAURANTS MAJOR DEVELOPMENTS

MONTEREY RD

WEST VALLEY FWY



FLOOR PLANS

PRICE: $3,049,000



SITE PLAN

SITE



PROPERTY PHOTOS

BUILDING INFORMATION Price $17,500,000 $177.90 PSF Down Payment $17,500,000 $177.90 PSFRentable Square Foot 98,371Price PSF $177.90CAP Rate 5%Year Built 1998Lot Size 4.77 ACLease Type Absolute NNNBase Rent $875,000 $8.89 PSFMonthly Rent $72,916 $0.74 PSF

Rent Increases

Current to COE

1st Year

2nd Year

3rd Year

4th Year

5th Year

6th Year

Annual Rent

$875,000.00

$892,500.00

$910,350.00

$928,557.00

$947,128.14

$966,070.70

$985,392.11

Monthly Rent

$72,916.00

$74,374.32

$75,862.50

$77,379.75

$78,927.35

$80,505.89

$82,116.01

PSF

$8.89

$9.07

$9.25

$9.44

$9.63

$9.82

$10.02



FINANCIAL OVERVIEW

**Pricing Analysis Based on Feb 2016-Feb 2017

ANNUALIZED OPERATING DATA

Tenant Annual Rent Monthly Rent PSF

Shoe Palace $875,000.00 $72,916.00 $8.89

RENT ROLL

*LEASE NOTES: 2% BUMPS EVERY YEAR

SANTA CLARA

MILPITAS

CAMPBELL

SUNNYVALE

CUPERTINO

17

EL CAMINO REAL

LOS GATOS85

Moffett FederalAirfield

Mineta San Jose International Airport

Apple Park

BUILDING BNV2



LOCATOR MAP

SUBJECT PROPERTY

CALERO RESERVOIRALMADEN QUICKSILVERCOUNTY PARK

SOUTH COUNTYWINE REGION

NETFLIX BUILDINGS

SARATOGA

BOULDER RIDGEGOLF CLUB

300 ENZO DRIVE



COMPARABLES- COMP 1



COMPARABLES- COMP 2

*



COMPARABLES- COMP 3

*



COMPARABLES- COMP 4

*



COMPARABLES- COMP 5

*



COMPARABLES- COMP 6

*



COMPARABLES- COMP 7

*



COMPARABLES- COMP 8

*



COMPARABLES- COMP 9



AREA OVERVIEW

San Jose is known as the heart of Silicon Valley, and the technology industry is a

major component of the city. As the third-largest city in California, it is a culturally

diverse area with scenic views and affluent neighborhoods. San Jose offers

family-friendly activities ranging from hiking trails to shopping centers.

The Light Rail system is one of the most popular modes of transportation in San Jose

along with VTA buses and the free DASH Downtown Area Shuttle.

TRANSPORTATION IN SAN JOSE

The Mineta San Jose International Airport is only 2 miles from downtown San Jose.

GETTING IN FROM MINETA SAN JOSE INTERNATIONAL AIRPORT



DEMOGRAPHICS

1 Mile

3 Miles

5 Miles

5,359Total Businesses

53,683Total Employees

INCOME

BUSINESS

KEY FACTS

$104,209Median Household Income

$284,124Median Net Worth

$40,723Per Capital Income

$104,209Median Household

IncomeAverage

Household Size

289,583Population Median Age

37.4

3.3

5 MILE RADIUS



THE STORY OF INTERO Before Silicon Valley was duly named, its history as the hotbed of innovation was well noted. Our catchy moniker reflects the giants of technology who line the corridors of Cupertino, Mountain View, Menlo Park, Palo Alto, and Sunnyvale, the wave of progressive firms that have shaped electronics, e-commerce and social interaction all call this place home. In its truest form, innovation knows no boundaries. It isn’t contained by market or economic trends. Silicon Valley is where everyone gathers at the water cooler of progress, questioning why can’t things be better. It’s from that fountain that the founders of Intero drank.

It was 2002. Silicon Valley was mired in the dot-com bust affecting all corners of the technology sector. As a result the local real estate market grinded to a halt. In true Silicon Valley spirit, that was the exact, perfect moment to launch a startup real estate broker-age. Intero’s desire wasn’t to be like all other brokerages. Not only were we committed to providing our residents and neighbors a service that heralded the very nature of where we live, we owed it to our new neighbors, recruited from all over the world to come and work for many of the most creative, progressive companies on the planet.

Powered by an entirely new technology platform, backed by a solid investment, lead by a team of real estate veterans who were all born, raised and weaned right here in the Silicon Valley, Intero Real Estate Services was born. While the dot-com bust remedied, in 2007, the real estate bubble burst and its subsequent effects on the market and economy were well documented. For us, this singled a moment in time to do what we do best - invest in our company and innovate further. Over the past seven years, against the pressures of a challenging market, we continued to advance our training programs, update all of our technology, grow our brand into other markets and build a luxury sub brand. We did all this because this is who we are.

In 2014, in the truest spirit of Silicon Valley, we were acquired by HomeServices of America, Inc., a Berkshire Hathaway af liate and one of the most respected names in the business. In a way, this is simply part of the unique and wonderful story so many great companies encounter from this area. But more im-portantly, it is the obvious next chapter that plays to the innovative spirit that birthed us, nurtured us and took us from start-up to established. True to our nature and intent, through this acquisition, we have retained our Intero name, which has become synonymous with the top agents in the business and our regard for the communities we serve. For over 12 years, agents have trusted Intero with their career and our clients with the biggest transaction of their lives. We take that seriously. Our founders are still here willingly running our company just as they always have done. So while nothing changes, everything will continue to transform when it comes to progress, innovation and servicing our clients. Just as it always has.



VISION & VALUES Guided by principles or trust, respect and integrity, we empower people to achieve their dreams.

INTEGRITY: Honesty above all else. We are true to our word and always strive to do what is right.

COMPASION: We never underestimate the power of a smile, a kind word, or a listening ear. We exist to

serve the needs of those we touch.

LOYALTY: We are loyal to our agents, our employees, our customers. We are loyal to our values and to our

vision, ensuring that the goals of the individual and the group will be achieved. COMMITMENT: We are dedicated to giving back to the community. We believe we will accomplish

whatever we set our minds to and know that we can make a difference through volunteerism. We are

dreamers with a purpose.

TEAM: We accomplish more collectively than what we can alone. Every-one is a contributor.

PROFESSIONALISM: We conduct ourselves with grace and with the highest standards and ethics. We place

a high level of attention to every detail.

ENTHUSIASM: We enjoy the process and the journey. Laughter and a sense of humor encourage creativity and

progressive thinking.



COMPETENCY: We hire, train, and coach to ensure the highest level of com-petency in all areas of the

organization. Mastery is our goal.

INNOVATION & ENTREPRENEURSHIP: We have the courage to take calculated risks. We evaluate our

service and our systems, and constantly reinvent our-selves.

OPEN COMMUNICATION: We give and receive honest communication to maintain the strength of our

organization and to sustain a dynamic envi-ronment. All communication is a true re flection of our thoughts

and beliefs. FRIENDSHIP: It is a powerful force that comes from mutual esteem, respect, and devotion.

FUN: In order to keep an upbeat organization you must enjoy what you do and have fun with it.

FOCUS: What you focus on expands.

SELF CONTROL: It is essential for discipline and mastery of emotions, disci-pline of self and discipline of

those under your supervision.

CONFIDENCE: You must believe in yourself if you expect others to believe in you.

Dan Gluhaich has closed over $900 million in transactions and closed over 800 escrows. He was the #1 producer in

2006 and 2007 for Intero and #1 producer in his o�ice from 2001-2007 out of 1500 agents. From 2008-2012, Dan was

awarded the Top 5% agent. He was the #4 producer from 1999-2000 out of 100,000 agents in World Century 21. Dan is

currently a Platinum Top Producer at Colliers International and Chairman Circle at Intero.

Dan has purchased, developed and sold apartment buildings, custom homes, single family developments, industrial

and commercial centers in the Reno, Ceres, Waterford, Patterson, Morgan Hill, and Los Altos California totaling

approximately $120 million. Just a few of the example Triple Net Deals he has closed include, IHOP, Denny’s Restaurants,

Starbucks, Chipotle, Taco Bell, Dottie’s, Burger King, KFC, Tireworks, and Gas Stations nationwide.

His extensive education includes a Bachelors of Science from California Polytechnic State University, Associates Degree

in Crop Science from Hartnell Junior College, California Real Estate License, Nevada Real Estate Broker License with

Sperry Van Ness and Colliers International. Dan has over 30 years experience in Residential and Commercial Real Estate

Development in California and Nevada and was awarded ‘Top 5% Agent’. In addition, Dan was one of eleven members

inducted into the 2018 Intero Hall of Fame that has sold more than 8 billion in real estate.

DAN GLUHAICHCalBRE# 00963076- Realtor ®

mobile: 408.461.0262email: [email protected]

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