Portfolio of Experience*

One Medical | Palo Alto, CA

4,900 Square Feet | 10-Year Lease

Office | Asking Rent $105 NNN

$5,145,000 estimated in consideration

Represented One Medical (NASDAQ: ONEM) on their new location in Palo Alto consisting of 4,900 square feet of second (2nd) floor office space in a retail mixed use corridor of the El Camino Real- Palo Alto submarket. The asset’s complication included ownership being foreign and unwavering to concessions in tandem with the various shift in construction costs. By utilizing the rising vacancy rates within the office markets, economics were able to come down nearly seven percent (7%) and we were able to secure our client $100 per square foot in Tenant Improvement Allowance (TIA) with 6-months of rent abatement equating to $731,080 in concessions to our client. Deal timeline from inquiry to close was nineteen (19) months (July 2021 – February 2023).

Edward Jones | San Jose, CA

1,502 Square Feet | 5-Year and 3-Month Lease

Office | Asking Rent $54 NNN

$405,540 estimated in consideration  

Represented private wealth management and financial advisory company, Edward Jones on securing a location near Santana Row. We selected Tisch Towers for its proximity and concession flexibility. We were able to secure significant landlord improvements to the space as a concession to smoothly allow for occupancy. In addition, we were able to procure over seventeen percent (17%) off of the asking base rent for the first year.

La Jaiba | Campbell, CA

3,080 Square Feet | 10-Year Lease

Retail | Asking Rent $42 NNN

$1,293,600 estimated in consideration

Represented a high-net-worth family on the leasing of their retail shopping center that they had initially coinvested in for a ground up development. They eventually bought out their development partner and took the asset to where it is today. This space was a former locally renowned sushi restaurant and was brought to shell condition when they closed. The tenant was a local Spanish concept that looked to relocate from across the street and increase their square footage. The space, being in shell condition required both rent abatement and significant tenant improvement allowance which was provided by ownership. Deal timeline from inquiry to close was four (4) months. (June 2022 – October 2022).

Tailored Tails| Foster City, CA

875 Square Feet | 5-Year Lease

Retail | Asking Rent $38.40 NNN

$181,988 estimated in consideration

Represented a local business owner on procuring their first brick-and-mortar retail site in a legacy multitenant retail strip center in the Foster City Market. Representing a dog grooming group’s complications include navigating the draining, plumbing, accessibility, and hours of operation. By patiently explaining the risks associated with occupancy at this site, we were able to negotiate a deal with this landlord despite an aggressive asking rent and little to no concessions available. We were able to get our client over $25k in concessions through both Tenant Improvement Allowance (TIA) and rent abatement. Deal timeline from inquiry to close was two (2) months. (March 2023 – May 2023)

Ta’Con Todo | Livermore, CA

2,498 Square Feet | 10-Year Lease

Retail | Asking Rent $51 NNN

$1,273,980 estimated in consideration

Represented a private landlord in tandem with Castle Management on getting their multitenant retail strip center from 71% occupancy to 87% occupancy. This space sits at the signalized corner of North Livermore Avenue and Las Positas Road. This space, being a second-generation food space had an asking rent of 88% over the traditional inline retail market asking rents and 6% over core non-food use retail spaces. With an aggressive asking rent and little to no concessions available, we were still able to generate multiple offers from strong restaurant groups interested in taking advantage of the heavy average daily traffic. Deal timeline from inquiry to close was five (5) months. (April 2022 – September 2022)

Chikin’ Drip | San Jose, CA

2,500 Square Foot | 7-Year Lease

Retail | Asking Rent $54 NNN

$945,000 estimated in consideration

Represented Arcadia Company on the leasing of their PAD site built in 2013. This property is adjacent to the San Jose Airport and the AVAYA Stadium. The space was previously a MOD Pizza restaurant and had type II restaurant infrastructure in place. The tenant received limited concessions and paid an aggressive rent deal. This space in particular had higher than average Nets, at $27 per annum. Deal timeline from inquiry to close was five (5) months (October 2021 - March 2022).

Local Kitchens | Santa Clara, CA

2,300 Square Foot | 10-Year Lease

Retail | Asking Rent $75 NNN

$1,725,000 estimated in consideration

Represented the Local Kitchens on occupying 2,300 square feet of space in the Santa Clara market. This space has a variety of existing food users, creating a deal dynamic where food exclusives had to be identified, navigated, and negotiated out. In addition, the deal had a limited tenant improvement allowance (TIA), budget, which complicated the deal timeline and delivery. The tenant had to come out of pocket $677k to get the space up to code, with $95k of the improvements staying with the space. Deal timeline from inquiry to close was six (6) months (October 2021 - April 2022).

Bober Tea | Sunnyvale, California

2,259 Square Foot | 5-Year Lease

Retail | Asking Rent $48 NNN

$542,160 estimated in consideration

Represented institutional ownership, Essex Property Trust (NYSE:ESS) on the leasing of their 280-unit mid-rise asset built in 2014. This space was occupied by Starbucks previously.  Throughout the pandemic, Starbucks consolidated its sites – closing locations at ground floor mixed-use projects reliant on the daytime office population. Given the 2nd generation nature of this space, Singaporean bubble tea franchise Bober Tea took this opportunity to backfill the space. Bober Tea originated in Singapore, with a focus on brewing premium tea and crafting high-grade boba. This location will be owned and operated by Irene Garcia through the direction of the franchiser for Bober Tea USA, Michelle Moore. Moore is currently working to get eight (8) Bay Area locations. The franchisee in charge of this location is Karen Zhong. Deal timeline from inquiry to close was three (3) months (July 2021 - October 2021).

One Medical | Palo Alto, CA

3,278 Square Feet | Advisory & Lease Renewal

Office | Asking Rent $72 NNN

$1,180,000 estimated in consideration

Represented One Medical (NASDAQ: ONEM) on occupying a 3,278 square foot multitenant office space within the greater Downtown Palo Alto submarket. The asset was generationally owned, with the ownership entity favoring credit over higher rental economics. Deal timeline from inquiry to close was three (3) months (August 2021 - November 2022).

B12 Love | Campbell, CA

2,014 Square Feet | 10-Year Lease

Retail | Asking Rent $72 NNN

$1,450,080 estimated in consideration

Represented the landlord entities Hunter Properties and UBS Realty Investors on the leasing of their Whole Foods and CVS neighborhood center. This space was a former Profile by Sanford space. B12 Love is a injection and IV drip tenant, with multiple locations throughout the greater San Francisco Bay Area. In 2013, B12 Love (formerly known as Got Vitamin B12) was started in San Francisco’s Mission District and has an extensive menu of over 30 signature injections and more than 15 IV treatments. Deal timeline from inquiry to close was three (3) months (September 2021 - December 2021).

Fremont, California

1,444 Square Feet | 4-Year Sale Leaseback

$940,000 Sale Leaseback

Facilitated the 48-month sale leaseback of an owner-occupied residential property. The leaseback is modeled after a triple net structure, with a 10% increase halfway through the term. An option for the tenant to repurchase the asset for $1,200,000 within the end of the initial lease term was also negotiated and the tenants accepted all terms. Given the parameters, the investor that purchased the asset will be receiving a projected 9.36% IRR over 4-years with a 34.5% OpEx factor assuming the tenant repurchases the property. With the current appreciation of the market, if the tenant is unable to repurchase the property at the end of the lease term, the fair market value (FMV) as of 21 April 2021 of $921 per sq. ft. would lift the IRR to 12.03% over 4-years.

SunValleyTek Int’l | Fremont, California

14,400 Square Feet | 5-Year lease

Class A, Office / R&D facility in Fremont.

Shadowed Senior Broker in the relocation of an expanding, privately held, consumer electronics and e-commerce company. Various sites were analyzed, comparing lease assumptions, rate assumptions, occupancy cost measures, as well as the application of a discount cost measure (derivation of NPV). Final site was a Class A, Office-R&D facility owned and managed by Prologis (NYSE: PLD) | The company was then acquired mid Q2 2020 and exercised an option to terminate their lease early. The parent company recently executed a 100k sq. ft. lease of warehouse/flex space in the Greater LA Market.

Dallas-Fort Worth Metropolitan Area, Texas

30,000 Square Feet | Consultation

$6,300,000 | 15 Tenant Retail - Valuation

Worked directly with the ownership cohort who built this 15-tenant shopping center from the ground up. Using data provided from the investment cohort, we analyzed the 14 existing tenants that make-up the shopping center and conducted a Void and Gap analysis to determine what tenants can work in synergy with the remaining tenants to fill expiring leases and 1 vacancy. After these analyses were completed, a pro forma was created of the shopping center, valuing it at a 5.75% cap rate. The ownership cohort is seeking to exit the asset and liquidate their partnership in the coming future. They had expressed their interest in Single Tenant Net Lease investment properties with investment grade tenants and corporate guarantees.

Campbell, California

2,570 Square Feet | Consultation & Investment Advisory

$1,700,000 Residential - Valuation

Worked directly with the principal, their attorney, and CPA to establish a rehabilitation, rent, and hold strategy for an 11 property bay area SFR and Land portfolio. Aided in the interior rehab, junking, and sourcing of private contractors for their SFR portfolio. Conducted a portfolio analysis on the client’s portfolio to determine which assets should be exited first based on comparing return on investment through demographics and appreciation, rent, and a comparative capitalization approach. Having held the assets for an extended period of time as well as being heavy with liquid capita, the principal benefits from Prop 13, further allowing the principal to hold.

San Francisco, California

13,187 Square Feet | Acquisition Underwriting

$9,000,000+ | 12+ Unit Mixed-Use Valuation

Worked heavily with the inquring acquisition entity and lightly with the disposition team to tactically plan a creative acquisition strategy. The property was purchased initially in the mid $2M range in the early 2000’s at at a 63% LTV. The The property today (2019), yielded a current cap rate of 3.74%, but further due diligence allowed for 3 more accessory dwelling units (ADUs) to be constructed, yielding a pro forma capitalization rate of 6.04%. The property benefits from being located in the affluent Noe Valley of Central San Francisco with a median home sale price of $1.83 million.

San Jose, California

2,084 Square Feet | Acquisition & Hold

$1,050,000 Residential

Partnered with a Residential Veteran to represent a High-Net-Worth Individual looking to capitalize on undervalued residential property in Silicon Valley. There was a strong indicator of rapid growth within the neighborhood, making this asset a growth play to diversify from their stabilized Nevada Portfolio. The property was acquired based on a 2.74% cap rate and has appreciated in value by 23% over the past 3 years without major capital expenditures and renovations.

Soaring Fish | Sunnyvale, CA

4,832 Square Foot | 10-Year Lease

Retail | Asking Rent $48 NNN

$2,319,360 estimated in consideration

Represented institutional ownership, Essex Property Trust (NYSE:ESS) on the leasing of their 280-unit mid-rise asset built in 2014. This space was occupied by Nom Burger and Prolific Oven previously.  Throughout the pandemic, the previous operator was unable to succeed at running their dual concept restaurant operations out of their single kitchen. Given the 2nd generation nature of this space, we were able to source a local Hot Pot group to take the space. The group taking the space, Soaring Fish, currently has multiple projects underway. Deal timeline from inquiry to close was nine (9) months (August 2022 – June 2023).

Olivia Bottega| San Jose, CA

744 Square Feet | 18-Month Lease

Retail | Asking Rent $42 NNN –

$46,872 estimated in consideration 

Represented online luxury bridal wear retailer, Olivia Bottega on their first brick and mortar store within Downtown San Jose. We previewed various options throughout the greater San Jose retail marketplace but needed something with private parking, good glass line, strong frontage, as well as security. Deal timeline from inquiry to close was four (4) months (December 2022 – March 2023)

CECEINKS | San Jose, CA

850 Square Feet | 5-Year Lease

Retail | Asking Rent $33 NNN

$140,250 estimated in consideration

Represented both GS Management, their client, Flybera Advisors et.al (Lessor) and CECEINKS (Lessee) on a shell retail space at a grocery anchored shopping center. This space sat along the inline of the shopping center, Meridian Park Plaza and had been vacant since the last tenant had closed due to activities that caused the suite to be red taped. The new occupier is looking at putting moderate upgrades to the space to support a Permanent Make-Up facility. Deal timeline from inquiry to close was eight (8) months. (October 2022 – June 2023)

Stilo Barbershop | San Jose, CA

1,000 Square Feet | 5-Year Lease

Retail | Asking Rent $36 NNN

$180,000 estimated in consideration

Represented both DPI retail on getting a historically vacant space occupied and a local business owner secure their first brick and mortar location. This space sat within the inline of White Road Plaza and had some historic issues with the previous Tenant running an illegal gambling business. The new occupier is looking at putting extensive upgrades to the space, placing class A retail finishes, and invigorating the community. The space did not have plans, nor did it have a huge concession budget. Deal timeline from inquiry to close was six (6) months. (February 2022 – August 2022)

Crumbl Cookies | Mountain View, CA

1,534 Square Feet | 5-Year Lease

Retail | Asking Rent $60 NNN

$460,200 estimated in consideration

Represented a Crumbl Cookies franchisee on their first location within the Peninsula. They found 1,534 square feet building at a heavily trafficked intersection in Mountain View across from Brookfield’s Village at San Antonio project. The site’s complication included the landlord having limited concessions and no architectural plans on the space. By conveying the Crumbl as the perfect user for this site and utilizing Crumbl’s social media presence, ownership was able to give some concessions to help subsidize Crumbl’s installation of a type II hood into a historically non-food use space. Deal timeline from inquiry to close was four (4) months (December 2021 - April 2022).

One Medical | Menlo Park, CA

3,478 Square Foot | 10-Year Lease

Retail | Asking Rent $54 NNN

$1,878,120 estimated in consideration

Represented One Medical (NASDAQ: ONEM) on occupying a 3,478 square foot retail space within a Safeway and CVS anchored shopping center owned by The Radin Company. This space was a former liquor store. Given the size, timing, and credit of the tenant, the landlord was flexible with providing a robust tenant improvement allowance (TIA) to accommodate the plans One Medical has for the space. Ownership here was undercapitalized to perform the proper TIA that was agreed to, so a creative deal structure was found to execute this lease. Deal timeline from inquiry to close was eight (8) months (August 2021 – April 2022).

Local Kitchens | Campbell, California

2,083 Square Foot | 10-Year Lease & Advisory

Retail | Asking Rent $72 NNN

$1,499,760 estimated in consideration

Represented the landlord entities Hunter Properties and UBS Realty Investors on the leasing of their Whole Foods and CVS neighborhood center. This space was occupied by an Una Mas franchisee whose concept was quickly failing to keep up with the changing environment of the COVID pandemic. This space had some ADA problems, requiring some ___(things to be paid out)__ and ownership worked in tandem with PG&E to upgrade the suite from 200 AMPs to 400 Amps, a common requirement for many modern restaurant concepts. Deal timeline from inquiry to close was seven (7) months (July 2021 - February 2022).

L’Amour Nails | San Jose, CA

889 Square Feet | 5-Year Lease

Retail | Asking Rent $36 NNN

$160,020 estimated in consideration

Represented institutional ownership, Essex Property Trust (NYSE:ESS) on the leasing of their 218-unit mid-rise asset built in 2015. This space was a former Nail Salon, which allowed another nail salon user to backfill the space with ease. The new tenant, L’Amour Nails’, would be opening their second location within the Bay Area in this space. The business owner, aside from owning multiple nail salons, owns a popular dance studio and plans to open boba and Banh Mi shops in the near future. Deal timeline from inquiry to close was three (3) months (October 2021 - January 2022).

Look Out! Coffee | Campbell, CA

2,014 Square Feet | 5-Year Lease

Retail | Asking Rent $48 NNN

$483,360 estimated in consideration

Represented a private landlord in tandem with Anchor Pacific Capital’s Property Management division on the leasing of their 60% occupied multitenant retail strip. This space was a former Campbell Coffee House, providing a café user to take advantage of an available 2nd generation coffee space in a tight market. This space would become Look Out! Coffee’s first location. Despite the competitive beverage market and uncertainty caused by the COVID pandemic, Look Out! Coffee’s business plan is to create community and create connections within Campbell. Deal timeline from inquiry to close was three (3) months (August 2021 - November 2021)

Revel Room Studios | Milpitas, California

3,280 Square Feet | 5-Year Lease

Class C, Industrial Condo

Partnered with a Veteran Retail Broker to represent an Aerial and Fitness Start-Up company looking to capitalize on an industry gap. The lease required a Conditional Use Permit (CUP) as well as tedious negotiation with related city parties, property manager, and landlord. The start-up was able to obtain favorable lease terms, below market rent, and is thriving off of community and social media engagement.

Greater San Francisco East Bay, California

181,576 Square Feet | Acquisition Underwriting

$80,000,000+ | 150+ Unit Multifamily - Valuation

Worked with the both the disposition and acquisition teams to analyze a proper exit and entry valuation. The property was purchased initially in the mid $50M range in the early 2000’s at a 6.60% Cap with a 19% down payment. The property was an integral play to the owner’s portfolio of nearly 20 multifamily assets in the greater San Francisco Bay Area. The interested acquisition entity was an established management firm with over $450M in AUM across 70+ Bay Area multifamily assets. The asset yielded a 3.70% cap rate with an aggressive price per door valuation, yet yielded a competitive price per square foot valuation.

Campbell, California

1,000 Square Feet | Disposition, Acquisition, & Hold

$1,050,000 Residential

Co-brokered the private disposition and acquisition of a 1,000 Square Foot investment property on a 8,940 Square Foot lot. Represented a high-net-worth principal seeking immediate disposition of their asset, reducing their Silicon Valley holdings, and reinvesting into core Salt Lake City, Utah properties. The investment cohort that we represented to acquire the property executed a light-value add strategy, liquidating within 5 months of acquisition, and obtaining a 28% gain upon exit.

Downtown San Jose, California

32,285 Square Feet | Disposition Underwriting

$15,000,000 | 40+ Unit Multifamily Valuation

Assessed and analyzed a 40+ unit apartment building to determine whether to continue the hold strategy or prematurely exit. The asset was purchased in the mid 2000’s for $4.95M at 75% LTV. The property benefits from its close proximity to San Jose State University and many global tech offices located in Downtown San Jose. The property was valued at a capitalization rate of 3.73% and still has plenty of room for a value-add approach to acquisition. The inquiring purchaser ideally wanted to purchase the asset to complete a contiguous development through the purchase of the adjacent buildings.

Augusta-El Dorado Submarket, Kansas

1,707 Square Feet | Consultation & Investment Advisory

$200,000 | Single Tenant Net Lease - Dark

Aided asset owner with investment advisory for their dark Check ‘N Go. The asset was originally purchased as a Triple Net (NNN) investment property in 2006 for $268,000 at a 10.00% Cap Rate. The tenant had vacated the asset due to a termination clause from federal legislation, which stated that check cashing places in certain areas are equivalent to loan sharking, thus requiring the tenant to cease operations through the local city and state ban. The asset owner desperately needed to liquidate the asset as it was subject to cross-collateralization, and they needed to restructure their personal finances.

Antioch, California

2,505 Square Feet | Disposition

$518,000 Residential

Listed and partnered with Senior Broker to dispose of a residential secondary home. The ownership entity desired additional funds to execute a tactical investment strategy. The asset was quickly disposed of at a 2% premium to market value.

Suy Prints | San Jose, CA

1,040 Square Feet | 25 Month Lease

Office | Asking Rent $18 NNN

$38,316.10 estimated in consideration

Represented a local business owner on procuring their first office location site in a popular industrial/office complex in the San Jose Market. The group was on a tight timeline and needed occupancy as soon as possible. By leveraging an existing relationship Link Logistics, the landlord (Parent company Blackstone), we were able to simplify a complex deal’s timeline and get concessions on what would have been an “as-is” deal. Deal timeline from inquiry to close was two (2) months. (May 2023 – June 2023).

Dr. Gi Young Park | Livermore, CA

1,970 Square Feet | 10-Year Lease

Retail | Asking Rent $30 NNN

$591,000 estimated in consideration

Represented a private landlord in tandem with Castle Management on getting their multitenant retail strip center from 71% occupancy to 87% occupancy. This space sits at the signalized corner of North Livermore Avenue and Las Positas Road. This space was a former High Intensity Interval Training (HIIT) space and was left in broom clean condition. The occupying Tenant would be Dr. Gi Young Park a veterinarian in the East Bay Market. Given that the space was a former HIIT space, they would be spending over $492,000 to build out the space from current condition to turn-key which is about $250 per square foot in build out costs. Given the capital intensive nature of their use, they received some TIA from ownership and a delayed rent commencement to build out the space. The site also required a conditional use permit (CUP) to satisfy code as well as an exterior waste area for the animals (also a Tenant Cost). Deal timeline from inquiry to close was eight (8) months. (October 2022 – June 2023)

ME Medical Spa | San Jose, CA

1,491 Square Feet | 5-Year Lease

Retail | Asking Rent $33 NNN

$246,015 estimated in consideration

Represented both GS Management, their client, Flybera Advisors et.al (Lessor) and Aesthetics by KAM (Lessee) on a shell retail space at a grocery anchored shopping center. This space sat at the elbow of the shopping center, Meridian Park Plaza and had been vacant for years. The new occupier is looking at putting extensive upgrades to the space to support a MedSpa with an emphasis on botulinum toxin (BOTOX) and other aesthetic services. Deal timeline from inquiry to close was three (3) months. (October 2022 – January 2023)

The Breakfast Club | San Jose, CA

1,125 Square Feet | 10-Year Lease

Retail | Asking Rent $36 NNN

$405,000 estimated in consideration

Represented institutional ownership, Essex Property Trust (NYSE:ESS) on the leasing of their 218-unit mid-rise asset built in 2015. This space was a former Subway, which created an environment where multiple aggressive offers were submitted from different restaurant groups. The new tenant, The Breakfast Club, would be opening their franchise location within in this space as well as utilizing it as a prep kitchen and storage for their current business which is around the corner. The business owner, Spiro, had been one of the founders of Opa! and is a known restaurateur within the South Bay. Deal timeline from inquiry to close was fifteen (15) months (October 2021 – January 2023).

Cash 4 Less | San Jose, CA

2,000 Square Feet | 5-Year Lease

Retail | Asking Rent $36 NNN

$360,000 estimated in consideration

Represented both DPI retail on getting a difficult space occupied and a Cash for Less franchisee secure their first Bay Area location. This space sat within the inline of White Road Plaza and was a near complete plug and play use. The new occupier is looking at putting extensive upgrades to the space, placing class A security systems, and attracting high net worth clientele to the center. Deal timeline from inquiry to close was five (5) months. (April 2022 – September 2022)

Pegasus Taekwondo | Fremont, CA

3,890 Square Feet | 5-Year Lease

Retail | Asking Rent $36 NNN

$700,200 estimated in consideration

Represented an ultra-high-net-worth family on the leasing of their retail shopping center. The Mowry East Shopping Center was built in 1976 and has been a legacy asset for this family. The space was a former specialty plus-size women’s clothing store (Avenue) and has sat vacant for an extended period. The new tenant is a USA National Taekwondo Team coach, and he will be running both a taekwondo school and an after school program for local youth at this space. Deal timeline from inquiry to close was four (4) months. (April 2022 – August 2022).

Stay Vaped | Campbell, CA

1,592 Square Feet | 5-Year Lease

Retail | Asking Rent $48 NNN

$382,080 estimated in consideration

Represented both a private landlord in tandem with Anchor Pacific Capital’s Property Management division on getting their multitenant retail strip to full occupancy and a local retailer on their expansion. This space was historically vacant and had high annual nets of $15.48. This asset had been passed between two (2) strong brokerage teams prior to landing with our group. Through an aggressive marketing campaign, this space would become Stay Vaped’s second location. Despite the banning of select electronic cigarette products and uncertainty caused by the COVID pandemic, Stay Vaped’s business plan and model is able to provide a solid core strategy to withstand the changing market. Deal timeline from inquiry to close was three (3) months (August 2021 - November 2021)

One Medical | Burlingame, CA

4,566 Square Feet | Advisory & Lease Renewal

Office | Asking Rent $72 NNN

$1,643,760 estimated in consideration

Represented One Medical (NASDAQ: ONEM) on their renewal of 4,566 square feet of second (2nd) floor office space in a retail mixed use corridor of the Burlingame submarket. The asset’s complication included ownership going through a disposition and changing of hands. By utilizing the timeline squeeze of the seller, economics were able to come down given the space would require a heavy deployment of capital to become releasable to another user. Deal timeline from inquiry to close was four (4) months (December 2021 - April 2022).

DOMA Title Company | Campbell, California

2,830 Square Foot | 3-Year Lease

Office | Asking Rent $48 NNN

$407,520 estimated in consideration

Represented Land and Houses U.S.A. on the leasing of their 168 unit mid-rise mixed-use property built in 2015. The space was previously used as a showcase office for the project and had Class A office amenities on a ground floor suite. The tenant received limited concessions and paid an aggressive rent deal as their time was quickly coming to a close on their current, now previous location at the Pruneyard in Campbell. Deal timeline from inquiry to close was five (5) months (October 2021 - March 2022).

One Medical | Sunnyvale, CA

3,801 Square Feet | 10-Year Lease

Retail | Asking Rent $75 NNN

$2,850,750 estimated in consideration

Represented One Medical (NASDAQ: ONEM) on occupying a 3,801 square foot retail space within a Trader Joe’s anchored shopping center owned by The Irvine Company. This space was a former T-Mobile, that relinquished their shop due to internal contractions within T-Mobile corporate. Given the size, timing, and credit of the tenant, the landlord was flexible with providing a robust tenant improvement allowance (TIA) to accommodate the plans One Medical has for the space. Deal timeline from inquiry to close was seven (7) months (June 2021 - January 2022).

Bober Tea | Campbell, California

1,562 Square Feet | 10-Year Lease & Advisory

Retail | Asking Rent $72 NNN

$1,124,640 estimated in consideration

Represented the landlord entities Hunter Properties and UBS Realty Investors on the leasing of their Whole Foods and CVS neighborhood center. This space was occupied by a Yogurtland franchisee whose drop in business was 82% due to the COVID pandemic. Twenty (20) months after March, the start of the pandemic, sales for Yogurtland were still down fifty percent (50%) from 2019 numbers, making it difficult to pay even the NNNs on the space. Yogurtland had occupied the space for over eleven (11) years and negotiated a termination with Hunter Properties // UBS, allowing room for Singaporean bubble tea franchise Bober Tea to backfill the space. Bober Tea originated in Singapore, with a focus on brewing premium tea and crafting high-grade boba. This location will be owned and operated by Irene Garcia through the direction of the franchiser for BoberTea USA, Michelle Moore. Moore is currently working to get eight (8) Bay Area locations. Deal timeline from inquiry to close was three (3) months (July 2021 - October 2021).

Los Gatos, California

7,303 Square Feet | Advisory & Landlord Representation

Office | $15,500,000 | Asking Rent $63 NNN

Partnered with a Veteran Retail Brokers to represent an investment fund looking to capitalize on a unique building in central Los Gatos. The property had a private parking lot and abundant street parking, allowing for its former Medical office use to be maximized.

Lower San Francisco Peninsula, California

65,464 Square Feet | Acquisition Underwriting

$20,000,000+ | 40+ Unit Multifamily - Valuation

Worked with the both the disposition and acquisition teams to analyze a proper exit valuation and acquisition strategy. The asset was repositioned through an aggressive value-add strategy beginning 2016, though it yielded the greatest exit multiple through redevelopment. The ownership entity’s portfolio spans over 300 units across 4 states with a concentration on aggressive value add assets with an average of a 5-7 year hold period. The asset had an actual capitalization rate of 3.92% with an aggressive price per unit and price per square foot.

San Jose, California

1,189 Square Feet | Acquisition & Disposition

$750,000 Residential

Partnered with a Residential Specialist to facilitate a strategic exit and acquisition opportunity for the both homeowner and purchaser, matching their goals, and creating a continuing investment strategy to satisfy both parties’ objectives. The homeowner was able to relocate out-of-state, repositioning themselves to better reinvest in their target market. The new homeowner is able to be closer to their relatives and workplace.

Sunnyvale, California

964 Square Feet | Disposition, Acquisition, Hold, & Exit

$1,002,000 Residential

Partnered with Seasoned Residential Agent to facilitate both the disposition and acquisition of a residential asset. The property was liquidated for 14% over market value and was closed within 7 days. The former owner was able to reallocate their funds, purchasing a larger asset in another market. The investor who acquired the asset held for 3 years, at an in place cap rate of 2.39%. Though the cap rate was compressed, our investor was able to reposition the property, selling it for 85% more than initial acquisition with only 20% of capital deployed for renovation and improvements.

San Jose, California

1,353 Square Feet | Disposition

$620,000 Residential

Partnered with an 18 Year Real Estate Investment Professional to dispose of a SFR Investment originally acquired for $350,000 yielding a 4.9% cap rate. The property was disposed of at a 6% premium to an owner-occupier. The investor used the sale proceeds of this asset along with multiple concurrent property sales to fund their acquisition of a Las Vegas Luxury Real Estate Investment Portfolio.

Sunnyvale, California

1,039 Square Feet | Consultation & Investment Advisory

$1,200,000 Residential - Valuation

Aided in the interior rehab, junking, and sourcing of private contractors for a SFR investment opportunity. Worked directly with the principal to establish a rehabilitation, rent, and hold strategy for an 11 property bay area SFR and Land portfolio.