Exclusivel Listing Agent: BRUCE FRAZER Senior Vice President CA Lic:

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NEW RETAIL SPACE - WHEELER PLAZA Transit-Oriented Mixed Use Development Now Under Construction Premier Downtown San Carlos Location 10,274 SF 1245-1265 San Carlos Ave., San Carlos, CA Developed by KB Home Exclusivel Listing Agent:

Executive Summary WHEELER PLAZA: 10,274 SF RETAIL AVAILABLE Transit-oriented mixed use development in sought-after downtown San Carlos: 2.4-acres bounded by San Carlos Ave., Walnut St., Cherry St. & Laurel St. 109 luxury condominium units on Walnut St. 10,274 SF retail fronting San Carlos Ave. Public Parking Plaza (254 public spaces, 41 employee permit spaces) Easy access to Caltrain - only 1 block away Excellent signage and visibility to San Carlos Ave. Outside dining available for up to two restaurants High traffic area 23,500 cpd (El Camino Real @ San Carlos Ave.) Impressive Demographics (1 mi. radius) 16,704 population (19,294 daytime) 6,890 households $151,205 avg. household income 58% w/bachelor s degree or higher Under Construction: 2018 Scheduled Completion g placements and species refer to landscape drawings. 1. San Carlos A

Property 3D Aerial

Property Zoom In Aerial

Rendering - San Carlos Ave. View

Wheeler Plaza - Floor Plan Outside Dining

Wheeler Plaza Pedestrian Access

Wheeler Plaza Garage Plan SITE PLANS Parking Plan Garage Plan

Rendering - Walnut St. View 1 Key Map n.t.s. Note: For all planting placements and species refer to landscape drawings. WHEELER PLAZA Silverstone Communities 1733 Woodside Road, Suite 200 Redwood City, CA 94061 PERSPECTIVE A6.2 SAN CARLOS, CA 1. Walnut Street Perspective KTGY # 2014-0626 12.05.2014 KTGY Group, Inc. Architecture+Planning 580 Second St., Suite 200 Oakland, CA 94607 510.272.2910 ktgy.com

Rendering - Intersection View 1 Key Map n.t.s. Note: For all planting placements and species refer to landscape drawings. WHEELER PLAZA Silverstone Communities 1733 Woodside Road, Suite 200 Redwood City, CA 94061 1. San Carlos Avenue and Walnut Street Intersection Perspective PERSPECTIVE A6.0 SAN CARLOS, CA KTGY # 2014-0626 12.05.2014 KTGY Group, Inc. Architecture+Planning 580 Second St., Suite 200 Oakland, CA 94607 510.272.2910 ktgy.com

Building Plan - Ground Level Retail

Elevations Material Legend 1. 30/30 Stucco 2. Stone Veneer 3. Fiber Cement Panel 4. S-Tile Roof 5. Bronze Fiberglass Window 6. Storefront 7. Barrel Tile Railing with Tile Cap 8. Wood Railing 9. Wood Post 10. Wood Trellis 11. Decorative Rafter Tail 12. Decorative Light Fixture 13. Fabric Awning w/ Wrought Iron Support 14. Precast Trim 15. Precast Wainscoting 16. Tile Cap 17. Perforated Metal Screen 18. Metal Railing 2 Key Map n.t.s. 1 2. San Carlos Avenue Elevation WHEELER PLAZA Silverstone Communities 1733 Woodside Road, Suite 200 Redwood City, CA 94061 ELEVATIONS A2.0 SAN CARLOS, CA KTGY # 2014-0626 12.05.2014 KTGY Group, Inc. Architecture+Planning 580 Second St., Suite 200 Oakland, CA 94607 510.272.2910 ktgy.com 1. Walnut Street Elevation 0 8 16 32

Retail Trade Area

Location Map Located on SF Peninsula mid-way between San Jose & San Francisco Heart of thriving downtown San Carlos 5 minute walk to Caltrain and close to U.S. Highway 101 1 block from major SF Peninsula traffic artery, El Camino Real Source: 2016 Esri.

Market at a Glance About San Carlos San Carlos, The City of Good Living, is located in the center of the San Francisco Bay Area and has everything at its doorstep. San Francisco is 25 miles north and San Jose is 25 miles south. San Carlos boasts an ideal climate, good government, an outstanding school system, attractive residential areas, a fine shopping district, excellent restaurants, a modern industrial and commercial area and plenty of open space. As part of the northern end of Silicon Valley, San Carlos hosts several technology companies and is the address of many of the West Coast s biotech and medical instrumentation firms. You ll find friendly, involved people here and an inviting community atmosphere. Quick Facts: Population: 28,455 (as of 2014) Low unemployment rate (2.8% compared to 6.3% US avg.) Home to a municipal airport & only 12 mi. from SFO SoftBank, SamTrans & L3 Electron are largest employers (Source: sancarloschamberofcommerce.org)

Demographic Highlights 1 Mile Radius 2 Mile Radius 3 Mile Radius POPULATION Current Est. Population 16,704 55,454 135,040 2021 Projected Population 17,505 58,121 141,775 Annual Growth 2016-2021 0.94% 0.94% 0.98% Median Age 43.3 42.5 40.7 HOUSEHOLDS (HH) Current Est. HH 6,890 22,265 51,524 2021 Est. HH 7,164 23,168 53,698 Projected HH Growth 2015-2020 0.78% 0.80% 0.83% 1 Mile Radius Demographic Profile 13.6% 17.4% 2016 Population by Age 9.7% 4.7% 14.7% 19.0% 5.5% 15.4% <5 5-19 20-24 25-34 35-44 45-54 55-64 65+ EDUCATION: Bachelor s or Higher 58.2% 58.2% 54.0% INCOME: Average Household $151,205 $152,859 $143,741 EMPLOYMENT Employee Population 19,294 51,517 85,748 Total Businesses 2,131 4,299 7,082 ETHNICITY White 73.9% 69.5% 61.2% Hispanic 12.6% 15.2% 21.7% Black 0.9% 1.5% 1.7% Asian/Pacific Islander 14.5% 17.1% 20.7% Households 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 6,694 Census 2010 6,890 2016 7,164 2021 Data Note: Income is expressed in current dollars Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015. Esri converted Census 2000 data into 2010 geography. Aug. 23, 2016

Demographic Highlights Household Income Percent 20 15 10 2016 2021 5 0 <$15K $15K-$25K $25K-$35K $35K-$50K $50K-$75K $75K-$100K $100K-$150K $150K-$200K $200K+ 2016-2021 Annual Growth Rate 2.5 2.03 2 Percent 1.5 1 0.94 0.78 0.70 0.5 0 Population Households Median Household Income Owner Occupied Housing Units 1 Mile Radius Demographic Profile. Source: U.S. Census Bureau, 2010 Census, ESRI forecasts for 2016 & 2021.

Exclusivel Listing Agent: SRS Real Estate Partners 1871 The Alameda, Suite 250 San Jose, CA 408.553.6135 www.srsre.com/sfbayarea The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof.