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Jim Gray andNahz Anvary

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If you would like to discuss market conditions or would like assistance with your commercial and office real estate needs please contact us:

Jim Gray, CCIM LEED AP Senior Vice President +1 916 947 5142 [email protected] #00775072

Nahz Anvary, CCIMSenior Vice President +1 916 284 8385 [email protected] #01468557

Davis Office & Commercial Real Estate Report2015 Mid-Year Review

As office and investment brokers, we have reflected on the market and its dynamics in the first half of 2015, and what we see happening in Davis for the balance of the year. The overall business and real estate economy keeps recovering and gaining momentum. The first half of the year has “zoomed by” with plenty of activity and great new and repeat clients. The office and investment market is continuing to have strong demand. The overall vacancy rate in Davis market for office and flex properties is now below 14.2%, and since the first of the year, we have seen positive net absorption of nearly 18,000 square feet.

Speaking of exciting activity and a boost for the local economy, congratulations to Davis-based Arcadia Biosciences for their recent Initial Public Offering (IPO). In May, Arcadia Biosciences became a public company, selling in two stages 68+ million dollars worth of stock. The stock is now traded in the NASDAQ market under the symbol RKDA (we don’t give stock tips, but we are very happy for Arcadia and have made an investment for our retirement account, but with no plans on retiring any time soon).

Eric Rey, Arcadia’s CEO, and many of the scientists, plant breeders and business managers and other staff, have been around Davis since the early Calgene Days, approximately 30 years ago. They are really talented folks working on complex issues related to food and the environment. In particular, Arcadia Biosciences develops and commercializes agricultural traits and products that bring value to growers, processors and consumers while benefiting the environment and enhancing human health. They employ a variety of advanced screening, breeding and biotechnology techniques, and they also collaborate with other firms to enhance agricultural productivity and yields. Arcadia has created a diverse portfolio of late-stage traits across multiple crops.

On the real estate related side of the impact of IPOs, our firm tracks the IPO market in the Bay area and there is a very strong correlation between IPOs and employment growth, disposable income, business investment, and demand for business real estate. If you want to read more about that click here.

Arcadia Bioscience’s Eric Rey and colleagues ringing the “opening bell”.

DAVIS OFFICE

Economic Indicators

Q2 15 Q2 14 12-Month Forecast

U.S. Unemployment Rate 5.3% 6.1%

Sacramento Unemployment Rate 6.4% 7.6%

Yolo County Unemployment Rate 6.1% 7.0%

Market Indicators

Q2 15 Q2 14 12-Month Forecast

14.3% 14.2% ycnacaV llarevO

Net Absorption SF (50,283)

Under Construction SF 0 0

Average Asking Rent (FS) $1.81 $1.81

Total Available Space 247K SF 249K SF

Davis Building Base 1.7M SF 1.7 M SF

11,361

Vacancy & Average Asking Rate Trend (FS)

Office + Flex Availabilities by Size

2

12 11

6

3 0

0

0

0 7

7

4

0 2 02468

101214161820

<500 SF 501-1,000 SF

1,001-2,500 SF

2,501-5,000 SF

5,001-10,000 SF

10,001-25,000 SF

>25,000 SF

Office Industrial/Flex

13.9%14.8% 14.8%

13.7%

12.3%11.8%12.2%11.4%

14.3%15.4%15.2%14.8%

14.2%

$1.60

$1.80

$2.00

0%

4%

8%

12%

16%

20%

Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15

Vacancy Avg. Asking Rate (FS)Vacancy Avg. Asking Rate

Office Industrial/Flex


Jim Gray and Nahz Anvary2015 Mid-Year Review

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The brokerage community uses different commercial databases and different techniques for analysis to report macroeconomic conditions. Some don’t include buildings below 5,000 or 10,000 square feet for instance, and others don’t include owner occupied office buildings or government buildings. Some buildings are tracked as office and others as “flex” buildings. About 10-15% off all retail space is occupied by “office service providers”. For this newsletter, we decided to not only use the data reported by our great research team but as “street brokers” we have dug a little deeper and “sliced and diced” the data to share some additional observations about the Davis marketplace.

We have identified 33 buildings labeled as office or flex properties currently on the market for lease accounting for ±205,500 square feet of space. Amongst those buildings however, there are 5 buildings which to us are “industrial/flex buildings”. Those industrial/flex buildings account for ±123,400 square feet of that supply more than 60% of the available square footage. These properties are characterized by limited parking with more storage, shipping, and warehouse than office amenities. Additionally, there are quite a bit of co-working and small executive suites, including Pollinate Davis, the second floor office above retail at Westlake Shopping Center, and the 500 square foot office suites known as Covell Business Center near Sutter Davis Hospital. Those three offerings that are targeting small and short term business occupants account for ±27,500 square feet of space, about 13.5% of the available supply.

Of note, there are 12 buildings in the downtown core currently seeking tenants. Spaces being offered in the core range from ±200 to ±1,665 square feet.

In all of Davis, there are only 4 “true office spaces” available with more than 5,000 square feet of contiguous space, and the largest contiguous space available is 9,965 square feet. There are a number of flex spaces, but we find many of these spaces functionally obsolete for modern knowledge worker needs.

For growing medium and large sized companies, there is little, if any, available space in Davis, and there are too few choices available! In our opinion, the situation is becoming critical. This is not a healthy situation for local companies and it is not healthy for the City of Davis. It makes it difficult to retain existing businesses and it makes it virtually impossible to compete to recruit new firms to Davis. This is particularly distressing for companies that want to be spun out of UCD to commercialize new innovations or companies wanting to settle into Davis and hire our skilled workforce. Promoting and focusing on “incubators” is very different than providing business locations to “scale-up” and grow and commercialize their goods and services.

Why does size matter? Increasingly, growing companies try to get their employees under one roof and in the same building. It

makes it easier to collaborate, it enables culture and synergies to develop. The amount of space per employee has been shrinking as companies are getting more efficient in how they use space to save costs, while at the same time figuring out how to support and collaborate with a mobile workforce. Most observers indicate that we have gone in the past 15 years from allocating approximately 250 square feet per employee to just under 175 square feet per employee. As a rule of thumb, typical office users allocate about 5 employees for every 1,000 square feet of office space. So a company with 100 to 115 employees needs about 20,000 square feet. Also, what used to take 4 parking spaces for every 1,000 feet now requires nearly 6 parking spaces per 1,000 feet. In Davis, there are a number of “industrial buildings” that became “office/lab buildings.” For example, the former Calgene/Monsanto building by our estimation has just a little over 1 parking space for every 1,000 square feet of building. It has a “functional obsolescence” that makes backfilling it with a modern company very problematic, if not impossible. There is much focus on parking and transportation but natural lighting, comfortable temperature control, security as well as high speed internet connections and access to outdoor and collaborative spaces is what the users/tenants share with us are on the top of their check-lists. And of course affordability and access to a skilled and highly educated workforce is key.

In all of Davis, there are only 3 commercial buildings larger than 10,000 square feet for sale. One is a property with a “published foreclosure notice” with a number of problems that make it difficult/risky to buy. The other is the former Monsanto building that has extremely limited parking and is a very dated facility. The third is the former Families First headquarters that includes a gym and duplexes and is really a “special use property” which is currently in escrow to be converted to rental housing.

The current availability of buildings with enough size and scale for growing companies is not only scarce, but also so obsolete that the ground underneath them is probably worth more than the buildings. The time necessary for major renovation projects and contentious land use changes does not help growing companies that want to offer their goods and services to the market today. We have been on teams

maclaughlin and co

Biotech Lab Space For Sale/Lease 1910-20 5th Street Davis, CA

40,758 Square Feet Available Asking Price: $5,000,000 Rental Rate: $0.65/NNN We are pleased to offer the following space:

Easy access to Hwy 80 Two story Office, Warehouse and Lab space Large Gas Service Fire Alarmed Elevator Power: 8400 Amps, 120/208V Zoning: PD 12-79 (Light Industrial, Office) Was former Monsanto Building

Jim MacLaughlin 916.374.4232 [email protected] Lic #00944675

Bill MacLaughlin 916.374.4231 [email protected] Lic #01175040 1401 Shore Street, West Sacramento, CA 95691 T 916.371.9021 www.macco.org The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above items of income and expenses and all other information contained herein.

Former Monsanto Building



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that have done both new development and adaptive reuse, such as transforming the Davis Indoor Sports Center to the University of California’s Agriculture and Natural Resources Division’s offices We are watching and participating in the Innovation Park Discussions. We wish those projects well and we are sure that at the end of the day in order to be successful, the projects will have to embrace good planning, great architecture and strong sustainability attributes. But even that might not assure approval of the voters. Davis’ current business facility needs are critical!

This lack of supply poses a real challenge to Davis’s economic growth and competitiveness within the region. In contrast, Sacramento has 160 office buildings for lease with spaces larger than 10,000 square feet and there are 73 office listings for sale in Sacramento larger than 10,000 square feet.

So why hasn’t the market responded and brought about a “new supply”? First, developing and building modern office buildings is a complex business process that requires a long lead-time. Most office developers would say that you are looking at a minimum of a 2.5 to 4 year time horizon. That timing is exacerbated in Davis because the City has a critical shortage of available land where office buildings could be developed. Getting land zoned and planed, and then annexed probably adds additional years of risks, delays, and costs to any proposed office.

We are just now recovering from a deep and prolonged recession. The Sacramento region including Davis has not yet seen rental rates increase to a level where a developer would achieve an adequate return on their capital investment by building an office building. Landlords and lenders are acutely aware that there remains plenty of risk in building speculative buildings. The costs of construction are not supported by current rents in Davis or the Sacramento Valley. It is our belief that until there is 15-20% rent appreciation, it is unlikely that there would be much appetite for “speculative office construction.”

It has been nearly 15 years since a speculative new large office or an office campus has been built in Davis. We are working with Panattoni Development Company to acquire ±14.81 acres zoned office research along I-80 between Richards and Mace Boulevards. They have developed great plans to construct up to ±200,000 square feet of new quality office buildings. We are excited to be part of this team trying to plan and deliver this needed infrastructure with great business amenities. This is the largest parcel zoned for office within the City limits. Panattoni is looking for approximately 30% pre-leasing at $2.35 Full Service Gross lease rates to begin construction. That asking rent is only 8% higher than average asking rents for Class A offices in Davis and 29% more than average asking rents in Davis for all types of office properties. If you are a business or you know a business user who wants to have a brand new high

quality office space in Davis please feel free to be in touch. You can learn more about the offering further on in this report.

Davis has a far different situation at the other end of the size scale. The majority of competition in the office market at this time is in the less than 2,500 square feet size range. We are aware of 54 office and flex buildings or suites on the market. 32 of those suites are smaller than 2,500 square feet, additionally there are executive suites, co-working spaces in addition to this supply. There are 13 suites in the 2,501 to 5,000 square feet size range, but more than half of those offerings are industrial flex suites.

In conclusion, the office market remains dynamic and we need additional inventory to be built and to come to market. There is some competition in flex space offerings, but much of those products need major investment and upgrades. Also there is plenty of competition for small spaces. Finally, we believe that market conditions are going to lead to escalating rents.

You may be aware that we both live in Davis, have a Sacramento office, and work along the I-80 corridor from Vallejo to Roseville/Folsom. We are fortunate to be shareholders and active participants in a great real estate company. Our company has gone through a number of mergers and consolidations and name changes during the past 20 years, and we have more merger news to report. We have learned to embrace change and that better platforms help us to serve our clients. Our commercial real estate firm DTZ has entered into an agreement to merge with Cushman & Wakefield subject to regulatory approval and financial closing. As proposed. DTZ is acquiring Cushman & Wakefield, but when merged we will adopt the Cushman & Wakefield name. We believe that it means a better global platform and additional colleagues and tools to serve our clients. The merger is expected later this year, and you can expect the same friendly and professional service from us. We will get you our updated contact information once the merger is completed. You can read more here.

If you would like assistance with your commercial and office real estate need or to further discuss market conditions, please contact us.



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DavisQuarter Q2-14 Q3-14 Q4-14 Q1-15 Q2-15

Building Base:Class A 98,000 98,000 98,000 98,000 98,000Class B 1,023,278 1,023,278 1,023,278 1,023,278 1,023,278Class C 623,126 623,126 623,126 623,126 623,126All Types 1,744,404 1,744,404 1,744,404 1,744,404 1,744,404

Direct Availabilities:Class A 12,561 12,561 12,561 12,561 0Class B 219,864 229,350 225,330 218,172 213,606Class C 17,115 25,997 27,502 28,050 33,816All Types 249,540 267,908 265,393 258,783 247,422

Sublease Availabilities:Class A 0 0 0 0 0Class B 0 0 0 0 0Class C 0 0 0 0 0All Types 0 0 0 0 0

Total AvailablesClass A 12,561 12,561 12,561 12,561 0Class B 219,864 229,350 225,330 218,172 213,606Class C 17,115 25,997 27,502 28,050 33,816All Types 249,540 267,908 265,393 258,783 247,422

Total Occupancy SF 1,494,864 1,476,496 1,479,011 1,485,621 1,496,982

Growth Rate (%) -2.9% -1.1% 0.1% 0.4% 0.7%

Vacancy:Class A 12.8% 12.8% 12.8% 12.8% 0.0%Class B 21.5% 22.4% 22.0% 21.3% 20.9%Class C 2.7% 4.2% 4.4% 4.5% 5.4%All Types 14.3% 15.4% 15.2% 14.8% 14.2%

Avg. Asking Rate (FS/Month)Class A $2.10 $2.14 $2.18 $2.17 $2.18Class B $1.81 $1.80 $1.82 $1.79 $1.80Class C $1.54 $1.69 $1.84 $1.75 $1.88All Types $1.81 $1.81 $1.84 $1.80 $1.81

New Construction:Class A 0 0 0 0 0Class B 0 0 0 0 0Total A & B 0 0 0 0 0

Absorption TrendGross Absorption 30,780 23,014 4,970 16,136 7,057Net Absorption -50,283 -18,368 2,515 6,610 11,361YTD Net Absorption -36,392 -54,760 -52,245 6,610 17,971

Vacancy & Asking Rate Trend

www.dtz.com

13.9%14.8% 14.8%

13.7%12.3% 11.8% 12.2% 11.4%

14.3%15.4% 15.2% 14.8% 14.2%

$1.60

$1.80

$2.00

0%

4%

8%

12%

16%

20%

Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15

Vacancy Avg. Asking Rate (FS)

Office Market ReportDavis • Second Quarter 2015

2015 DAVIS OFFICE AND FLEX MARKET STATISTICS



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SPOTLIGHT OF DEALS AND HAPPENINGS IN DAVIS

CORNER OF MAIN AND MAIN! Congratulations to Ashok Patel and Royal Guest Hotels for their recent purchase of two very well located and adjacent downtown properties at the corner of 1st and E Streets (102 and 114 E Streets). Royal Guest has moved their business office into one of the buildings already. In the intermediate/long term we believe that plans and concepts will be developed for the site. It’s a great place for a mix of uses, stay tuned! More at http://www.royalguesthotels.com/

WHAT’S ICELANDIC FOR “CHANGE?” BREYTA! Congratulations to Breyta for its headquarters expansion and relocation to 2840 Fifth Street, leasing an entire ±5,000 square foot building at the Fifth Street Commerce Center in East Davis! Breyta solves problems. Their clients come to them with a wide variety of communication and information management challenges, and they integrate strategy with technology to create positive change. The Davis firm owned by Kevin and Debbie Schelp serves some of the largest pharmaceutical and biotech firms in the country and has great clients. Their successful outcomes include the creation of websites, corporate intranets, mobile platforms, and online appilications. More at http://www.breyta.com

CONTINUED PRODUCTIVITY. Congratulations to Agrinos for their continued expansion of their lab and office facilities at Cousteau Place in Davis! Agrinos is a biological crop input provider committed to improving the productivity and sustainability of modern agriculture. Agrinos’ products help farmers to practice profitable and more environmentally responsible agriculture by providing increased crop productivity, improved efficiency of conventional fertilizer and a reduced environmental footprint. This is one of those examples where a company starts out and then expands and grows, creating great jobs for scientists, managers, and farm advisors. More at http://www.agrinos.com/

SOLD OUT! Things have been bustling at the Green Meadows Office Complex. In addition to the recent office purchases by EcoInteractive, Dr. Sang Tran, DDS of Varsity Dentistry, and the Thomas Law Firm, there is more activity —see below for more details. With interest rates at historically low levels, it’s a great time to become a buyer.

GREEN MEADOWS IS WHERE IT’S AT! An early congratulations to a large engineering firm on their planned headquarters move to the Green Meadows Office Complex at the northeast intersection of Pole Line and Covell professional office and medical condominiums. Nearly 9,000 square feet are being consolidated (a combination of 5 different office condo suites are being acquired and renovated together) on the 2nd floor of 1756 Picasso for this location. The team, including Harrison Construction, Placer Title, Comstock Johnson Architects, and First Northern Bank have all been busily working on tenant improvement plans and build out to be up and running before year’s end. If all continues as planned, there will be plenty of engineers and programmers collaborating from this newly renovated building soon. Stay tuned!!

GREEN MEADOWS PURCHASE AND RENOVATION. Congratulations to Pratt Financial & Insurance Services who has recently bought and renovated their brand new offices in Green Meadows. Pratt Financial & Insurance Services is passionate about their client’s success, skilled at objectively assessing and helping strengthen their client’s financial situation, and committed to helping clients understand how to more effectively manage their assets to reach their financial goals. More at http://www.prattfinancial.com/

ANALYZE THIS… Congratulations to Agri-Analysis for buying the former Rust Ranch at 950 W. Chiles, which is located along Putah Creek adjacent to the Arboretum bike path as the path goes under I-80. Agri-Analysis does seed and plant testing and applies the latest scientific discoveries and state-of-the-art of technologies to help growers answer their agricultural production problems. They specialize in vineyard health and seed health issues. The Rusts were active and contributed a great deal to Davis and to agriculture, construction, banking and civic activites. With the sale and move, a long-time Davis family Clyde and Mary Rust moved to be closer to one of their adult children who live in southern California. More at http://www.agrianalysis.com/

1756 Picasso Ave.

114 E Street 102 E Street



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SPOTLIGHT OF DEALS AND HAPPENINGS IN DAVIS (continued)

HIGH QUALITY SINGLE FAMILY HOMES COMING TO SOUTH DAVIS. We have been part of a team helping the property owners and an experienced northern California infill home builder enter into a transaction subject to City of Davis approval for a 35 home subdivision in south Davis near the old Palm’s Playhouse. The planned new home community is called the Villages at Willow Creek, located at the intersection of Drummond and Cowell Boulevards. The Davis City Council voted 5-0 to approve the project and it is likely that next spring, site work and construction will start on these two-story and three-story single family homes There are a variety of architectural designs and floor plans, open space, accessibility, sustainability, and energy efficiency. More at http://drgbuilders.com/

SOLID AS A ROCK. Congratulations to Foundation Repair of California who has relocated to Pena Drive in Davis. Foundation Repair of CA is an experienced contractor who prides themselves on offering the highest standard of service when it comes to fixing problems in one’s home and now business property. This new location allows them to grow their commercial services. Whether it’s a repair of a foundation or crawl space, deal with a wet basement or to earthquake retrofit a home or business property, Foundation Repair provides solutions. More at http://www.foundationrepairofca.com/

FURTHER EXPANSION. Best wishes to Golden State business funding who has continued to expand into office space at the McCormick building at the corner of 4th and F Streets in Davis. Golden State just doubled their size and has expanded their sales and processing staff. Golden State provides merchants the financial tools to follow their dreams and grow their businesses. More at http://www.goldenstatefunding.com/

TRUE TRANSFORMATION! Congratulations to the principals of Cedaron Medical who are on the verge of completing their headquarters building renovations of the former Freedom From Hunger headquarters in South Davis. We are excited to see the end result of months of detailed work. This is a labor of love for Malcolm and Karen Bond and their business partner Gary Engle. Cedaron Medical consistently merges cutting edge technical solutions with personalized, responsive customer service, to drive and deliver efficient, evidence-based care. The renovation will enable Cedaron to hire more programmers and technical and managerial staff and provide them with a great new work environment. More at http://www.cedaron.com/

1644 Davinci Court

Villages at Willow Creek Conceptual Street Scene



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PANATTONI DAVIS OFFICE & RESEARCH PARK

y I-80 Signage, Branding and Visibility

y Large Flexible Floorplates

y Turnkey Delivery from Experienced Team

y Well- Connected, LEED Certified, Sustainable, Smart Buildings

y Outstanding Amenities and Great Pricing for New and Modern Space

y Estimated Delivery Q4 2016

y Near UC Davis and Downtown Davis

y Abundant Auto and Bicycle Parking

FOR LEASE: $2.35/SF FSG

Property Highlights

Architect’s Rendering

±10,000 to ±200,000 Office/Lab/Tech Buildings or Campus

FOR LEASE OR BUILD-TO-SUIT

KOSO

ST

INTERSTATE

80CALIFORNIA

N

CHILES ROAD

CHILES ROAD

COWELL BLVD

COWELL BLVD

FOR LEASE

2ND STREET

2ND STREET

PE

NA

DR

PE

NA

DR

5TH STREET

5TH STREET

CO

US

TE

AU

PL

CO

US

TE

AU

PL

CA

NT

RIL

L D

RC

AN

TR

ILL

DR

DR

UM

MO

ND

STT

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DR

UM

MO

ND

STT

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SPOTLIGHT ON MANDATORY ENERGY USE DISCLOSURECommercial real estate operates within a myriad of complex regulatory, best practices, and legal compliance requirements. There are additional new standards designed to reduce energy use and “our carbon footprint” from non-residential buildings. These new laws and regulations require an Energy Use Disclosure prior to selling, leasing, or refinancing commercial buildings. This bundle of laws and regulations commonly referred to as AB 1130 or The Non-Residential Energy Use Disclosure Program are something that you should take note of.

The statute and the regulations require an owner of a nonresidential building to benchmark the building’s energy use data and disclose the energy use data prior to the sale of the building, or the lease or financing of the entire building. Luckily, within our firm we have some really talented people who can provide insight, guidance and assistance if you need it on these matters. See the infographic developed by our colleague Alex Spilger, SVP and LEED AP, that focuses on three questions to help you determine if these rules apply to your building.

Business

Mercantile Retail

Education Institutional Assisted Living

Storage

Assembly

Residential Transient (R-1) Hotels/ Motels

Utility-Parking Garage

P

1. TRIGGERING TRANSACTIONS

2. BUILDING SIZES

3. BUILDING CLASSIFICATION

Is your ENTIRE nonresidential building offered for sale, lease, finance or refinance?

Is your building classified as one of the following occupancy types?

Does your building meet the size and compliance schedule?

January 1, 2014

>10,001 sq. ft.

July 1, 2016

>5,000 sq. ft. Or

WHAT YOU NEED TO KNOW ABOUT AB1103 ENERGY DISCLOSURE REQUIREMENTS

DID YOU ANSWER “YES” TO ALL 3 QUESTIONS? If so, you are REQUIRED to Benchmark your property and provide a Data Verification Checklist 24 Hrs prior to signature agreement. Let the DTZ Sustainability team help get you the documentation you need.

For guidance on next steps please, feel free to contact us or Alex.



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ON THE MARKET - FOR SALE

INTERSTATE

80CALIFORNIA

500 DRUMMOND

700 DRUMMOND

500 AND 700 DRUMMONDLAND FOR SALE

±3.44 acres $2,000,000$13.35/SF

IN ESCROW

236 B STREETDOWNTOWN PROPERTY

±1,568 SF

1756 PICASSOOFFICE CONDOS

±9,000 SF

KOSO

ST

INTERSTATE

80CALIFORNIA

N

CHILES ROAD

COWELL BLVD

DR

UM

MO

ND

ST

2ND STREET

PEN

A D

R

5TH STREET

COU

STEA

U P

L

CAN

TRIL

L D

R

California, United States, North America3501 COWELL BOULEVARDLAND FOR SALE

±14.81 acres $6,950,000$10.77/SF

200 B STREETOFFICE CONDO

±1,127 SF

IN ESCROWIN ESCROW

IN ESCROW

IN ESCROW

1644 DAVINCIOFFICE BUILDING

±12,000 SFBuyer: Da Vinci Connection, LLC

SOLD

102 E STREETDOWNTOWN PROPERTY

±2,224 SF

SOLD

114 E STREETDOWNTOWN PROPERTY

±1,780 SF

2900 SPAFFORDOFFICE/LAB/FLEX BUILDING

±23,940 SF

SOLD SOLD

Here is a sample of the types of properties that are available for sale in Davis, are in escrow or have recently sold.

The majority of our brokerage practice is focused on serving landlords, tenants, and owner users. Also, we regularly represent investors who are looking for investment properties for rental income. Davis as a community has a high barrier to entry, a limited supply and values are generally stable with not a lot to choose from. We track all property offerings on the market—listed for sale by owners, by other brokers and by us.

If you are looking for friendly, professional, thoughtful representation in evaluating an offering—either currently on the market or to be prepared and on the look-out for future opportunities, or are thinking of listing your property, please give us a call. We would love to set up a meeting to learn about your objectives and criteria and discuss our services, our philosophy and our approach.



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ON THE MARKET - FOR LEASEHere is a sample of the types of properties that are available for lease Davis. We would be pleased to assist you. Please feel free to be in touch at any time.

711 4TH STREETOFFICE FOR LEASE

±1,340 SF$3,216/month

4632 2ND STREETOFFICE FOR LEASE±1,249 - ±1,649 SF

$2,623-$3,463/month

909 5TH STREETOffice For Lease

±1,340 SF$3,350/month

4627 FERMI PLACEOFFICE FOR LEASE

±2,555 SF$4,982/month

1655 DAVINCI COURTOffice For Lease

±3,024 SF$4,234/month

334-338 MADSON PLACEOFFICE FOR LEASE±3,160 - 6,300 SF

$6,162 - 12,285/month

1909 GALILEO COURTOFFICE FOR LEASE

±4,576 SF$6,635/month

1970 LAKEOFFICE FOR LEASE

±6,391 SF$6,327/month

606 TO 630 PEÑA DRIVEOFFICE/FLEX FOR LEASE

±1,703 - ±4,900 SFVarious Rates

1490 DREWOFFICE FOR SUBLEASE

±2,512 - 6,345 SF $3,642 - 9,200/month

2121 2ND STREETOFFICE/LAB FOR SUBLEASE

±2,887 SF$3,000/month

2650 LILLARDLEASED

±12,600 SFTenant: Peregrine School

LEASED

2900 SPAFFORDOFFICE/LAB/FLEX FOR LEASE

±23,940 SF$34,713/month

LEASED



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PROFILES

JIM GRAY, CCIMMobile: +1 916 947-5142 Direct: +1 916 617-4255Email: [email protected]

Jim Gray, CCIM is a Senior Vice President and LEED AP. Jim has been active for more than 30 years in the commercial

real estate and development industry as a broker in Office, Investments, Sale/Leasebacks and Development and has been consistently recognized as a “top producer.” Jim has been a general partner in the development of office buildings, mixed-use business parks, apartments as well as single-family subdivisions. Jim and Nahz are business partners and collaborate to meet the needs and objectives of businesses, landlords, and developers. Jim is co-founder and Chairman of Community Business Bank, and is on the Board of Sutter Health Plus, a Health Insurance Plan. Jim has served in health care governance for more than 25 years, including serving on the board and past chair of Sutter Health. Also Jim served as a Yolo County Planning Commissioner including a term as the Chairman. He is a graduate of the University of California at Davis with a degree in Housing and Community Development, and a graduate of the school of Mortgage Banking.

NAHZ ANVARY, CCIMMobile: +1 916 284 8385Direct: +1 916 617 4257Email: [email protected]

Nahz Anvary, CCIM is a Senior Vice President. Anvary specializes in investment sales and in full service tenant and landlord

representation for office and investment properties. She works with both office landlords and tenants to sell, purchase, lease and develop office buildings. Her expertise and marketing background provide a unique perspective when marketing and repositioning properties. Nahz brings her experience in managing business, repositioning products, and developing new products for Fortune 500 corporations to her work in commercial real estate. She has consistently been recognized as a “top producer”. Nahz is a graduate of Wellesley College with a degree in Economics and Psychology and received her MBA from the Harvard Business School.

Our well established partnership ensures high-quality service to our clients, bringing our market knowledge, professionalism, strategic and analytical thinking, problem solving and transaction management skills in meeting your investment objectives.

Our experience serving as brokers in the commercial real estate market spans the breadth and the depth of the following areas: office, medical, and lab properties (including representation of landlords, tenants, developers, and owner users), investment properties, advisory and repositioning services, estate and probate advisory, structured transactions, sales leasebacks, multi-market portfolio dispositions, complicated real estate transactions, and development.

jim gray and nahz anvary - ctbt.com · jim gray and nahz anvary / 1 if you would like to discuss...

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