Patrick Henry Dr

Old

Iro

nsid

e D

r

Mission College Blvd

±104,540 Square Feet

JEFF RAMIREZSenior Managing Director

408.982.8423jramirez@ngkf.com

CA RE License #00964359

16-0664 • 8/18

Land for Sale3200 Patrick Henry DriveSanta Clara

JEFF RAMIREZSenior Managing Director

408.982.8423jramirez@ngkf.com

CA RE License #00964359

Land for Sale3200 Patrick Henry DriveSanta Clara

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Tasman Dr

Democracy Wy

Patrick Henry D

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Old Ironside D

r

Great A

merica Pkw

y

Address Owner RBA Land

1 4950 Patrick Henry Dr Nahum Guzik 74398 4.42

2 4900 Patrick Henry Dr Fabrinet 74035 3.82

3 4800 Patrick Henry Dr Nahum Guzik 58320 3.67

4 4700-4750 Patrick Henry Dr Mwest 63105 3.82

5 4600 Patrick Henry Dr Drawbridge 50138 2.86

6 4590 Patrick Henry Dr Sobrato 42826 2.79

7 3200 Patrick Henry Dr Bigler 104540 5.96

8 3100-3118 Patrick Henry Dr 02 Micro 37180 2.52

9 3000 Patrick Henry Dr PacTron 34776 2.51

10 2950-2960 Patrick Henry Dr Dollinger 36000 2.52

11 2900-2930 Patrick Henry Dr New Hope Church 29400 1.98

12 4633 Old Ironside Dr Don Pearlman 50000 2.6

13 4655 Old Ironside Dr Don Pearlman 49950 2.7

14 4677 Old Ironside Dr Don Pearlman 50000 2.53

15 4699 Old Ironside Dr Don Pearlman 50000 1.73

16 4800 Great America Pky Sobrato 71470 2.8

17 4980 Great America Pky Sobrato 141000 3.21

18 4988 Great America Pky Sobrato 140965 6.13

19 2945 Tasman Dr Yahoo 38880 2.82

20 3005 Democracy Way Yahoo 20160 1.58

21 3055-3065 Democracy Way Yahoo 23940 2

22 4995 Patrick Henry Dr Yahoo 40840 3

23 4855 Patrick Henry Dr Yahoo 0 6.33

24 3050 Democracy Way Yahoo 0 7.15

25 2950 Democracy Way Yahoo 0 7.16

26 4806 Patrick Henry Dr Yahoo 0 8.75

27 4900 Old Ironside Dr Yahoo 0 7.27

28 4700 Old Ironside Dr Digital Realty 90139 6.53

29 4650 Old Ironside Dr Digital Realty 84383 6.5

30 2901-2929 Patrick Henry Dr Clarion 82278 6.5

31 3055 Patrick Henry Dr Hudson 68987 3.82

32 3105-4575 Patrick Henry Dr Raintree 55944 3.49

High Density Residential Low Intensity Office/R&D High Intensity Office/R&D

16-0664 • 8/18

High Density Residential 37-50 units per acre

Low Intensity Office/R&D Max FAR of 1.0

High Intensity Office/R&D Max FAR of 2.0

Bigler

Tasman Dr

Democracy Wy

Patrick Henry D

r

Old Ironside D

r

Great A

merica Pkw

y

JEFF RAMIREZSenior Managing Director

408.982.8423jramirez@ngkf.com

CA RE License #00964359

Land for Sale3200 Patrick Henry DriveSanta Clara

16-0664 • 8/18

JEFF RAMIREZSenior Managing Director

408.982.8423jramirez@ngkf.com

CA RE License #00964359

Land for Sale3200 Patrick Henry DriveSanta Clara

1 27

33 ROLLUP DOORROLLUP DOOR

CrossbarVarentek

Kratos

Tafatolu

Occupancy Group A-2

Occupancy Group B

Occupancy Group B

Occupancy Group F2

Occupancy Group F2

Suite 130

Suite 110Suite 100

Suite 150

14,800 sqft

13,500 sqft

9,567 sqft

36,500 sqft

3200 Patrick Henry Drive, 05/23/16

EXITEXIT

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STORAGE

5A5.2

Infostretch Occupancy Group BUpstairs

1 27

33 ROLLUP DOORROLLUP DOOR

CrossbarVarentek

Kratos

Tafatolu

Occupancy Group A-2

Occupancy Group B

Occupancy Group B

Occupancy Group F2

Occupancy Group F2

Suite 130

Suite 110Suite 100

Suite 150

14,800 sqft

13,500 sqft

9,567 sqft

36,500 sqft

3200 Patrick Henry Drive, 05/23/16

EXITEXIT

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STORAGE

5A5.2

Infostretch Occupancy Group BUpstairs

16-0664 • 8/18

JEFF RAMIREZSenior Managing Director

408.982.8423jramirez@ngkf.com

CA RE License #00964359

Land for Sale3200 Patrick Henry DriveSanta Clara

Address 3200 Patrick Henry Dr

Bldg Sq. Ft. 104540 BLDG LAND FARProforma $1.85NNN

Acreage 5.96 SUMMARY 104540 5.96 41% $2,320,788.00

F.A.R. 41%Zoning ML PRICE BSF LSF CAPYear Built 1978 HIGH $36,262,313 $346.88 $139.68 6.40%Construction Type V‐N (Fully sprinklered) STRIKE  $35,704,431 $342 $137.53 6.50%Stories Partial 2  LOW $34,382,044 $328.89 $132.43 6.75%First Floor 79770Second Floor 24770Power 3000 ampsParking Ratio 3.7/1000 Q2'15 Q3'15 Q4'15 Q1'16Celing Height 14' NRA SF 17,399,562    16,973,562    16,995,175   16,264,007  Last Sale 1/16/2007 Vacancy % 14.18% 10.56% 9.28% 11.27%Last Price N/A Vacant SF 203,680          190,807         178,292         1,832,242    2015 Assessed Value $10,255,919 Ask Rate $1.95 $1.94 $2.05 $2.062015 Assessed Land $8,672,978 Qtr Net Abs. (128,900)        433,934         267,535         (415,057)       2015 Assessed IMP $1,582,9782015 RE Taxes $123,736.00

Property Summary

Santa Clara R&D Market

Bid Matrix

Address 3200 Patrick Henry Dr

Bldg Sq. Ft. 104540 BLDG LAND FARProforma $1.85NNN

Acreage 5.96 SUMMARY 104540 5.96 41% $2,320,788.00

F.A.R. 41%Zoning ML PRICE BSF LSF CAPYear Built 1978 HIGH $36,262,313 $346.88 $139.68 6.40%Construction Type V‐N (Fully sprinklered) STRIKE  $35,704,431 $342 $137.53 6.50%Stories Partial 2  LOW $34,382,044 $328.89 $132.43 6.75%First Floor 79770Second Floor 24770Power 3000 ampsParking Ratio 3.7/1000 Q2'15 Q3'15 Q4'15 Q1'16Celing Height 14' NRA SF 17,399,562    16,973,562    16,995,175   16,264,007  Last Sale 1/16/2007 Vacancy % 14.18% 10.56% 9.28% 11.27%Last Price N/A Vacant SF 203,680          190,807         178,292         1,832,242    2015 Assessed Value $10,255,919 Ask Rate $1.95 $1.94 $2.05 $2.062015 Assessed Land $8,672,978 Qtr Net Abs. (128,900)        433,934         267,535         (415,057)       2015 Assessed IMP $1,582,9782015 RE Taxes $123,736.00

Property Summary

Santa Clara R&D Market

Bid Matrix

16-0664 • 8/18

JEFF RAMIREZSenior Managing Director

408.982.8423jramirez@ngkf.com

CA RE License #00964359

Land for Sale3200 Patrick Henry DriveSanta Clara

Address Price $BSF Bldg SF $LSF Land Quality Date Sale Type455 DeGuigne $16,750,000 $316 53088 $129 2.98 Similar 12/14/2015 Investor3105 Patrck Henry $20,750,000 $371 55944 $136 3.49 Similar 12/1/2015 Res Dev1235 Bordeaus $14,280,000 $340 42000 $108 3.03 Similar 7/22/2015 Hot Dev3300 Olcott $38,000,000 $360 105664 $183 4.76 Superior 6/19/2015 Investor3003 Bunker Hill $34,200,000 $423 80878 $142 5.52 Superior 6/17/2015 Investor4500 Patrick Henry $23,975,000 $323 74276 $148 3.72 Similar 3/5/2015 User4900 Patrick Henry $25,542,275 $345 74035 $153 3.82 Superior 2/24/2015 User3150 Coronado $18,250,000 $356 51323 $113 3.7 Similar 2/20/2015 Res Dev5121 Lafayette $22,325,000 $313 71400 $138 3.72 Similar 1/15/2015 Res Dev674 Maude $14,450,000 $368 39311 $129 2.58 Similar 1/9/2015 Off Dev3230 Scott $15,400,000 $365 42174 $118 3 Similar 12/23/2014 Res Dev3200 Coronado $12,500,000 $493 25346 $110 2.6 Similar 12/18/2014 Res Dev755 Mary $39,500,000 $349 113166 $117 7.72 Similar 12/12/2014 Off Dev5200 Patrick Henry $25,400,000 $282 90120 $103 5.64 Inferior 7/29/2014 Investor2901 Patrick Henry $26,100,000 $317 82278 $92 6.5 Inferior 6/29/2014 Investor

Average Cost $354.71 $127.93

Sold Comparables

The distributor of this communication is performing acts for which a real estate license is required. The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

16-0664 • 8/18

JEFF RAMIREZSenior Managing Director

408.982.8423jramirez@ngkf.com

CA RE License #00964359

Land for Sale

Rent Roll

3200 Patrick Henry DriveSanta Clara

The distributor of this communication is performing acts for which a real estate license is required. The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

16-0664 • 8/18

 

  RENT ROLL  ‐  3200 PATRICK HENRY DRIVE, SANTA CLARA, CA 

5/6/2016             All leases are full service. 

a) TAFA TOLU (Bingo)    Origin: about 1982      About 15,000 sq. ft           Rent/mos.          Per sq. ft. 12/1/2014 – 11/30/2015          26,800    1.79   12/1/2015 – 12/31/2016        27,800    1.85 1/1/2017 – 12/31/2017        28,800    1.92 1/1/2018 – 12/31/2018        29,800    1.99    

b) Crossbar, Inc.  (Business office)    Origin 11/1/11    9567 sq. ft                          .Rent/mos.                              Per sq. ft.                                                         12/1/2014 thru 10/31/2016      16,111                      1.68 11/1/2916 – 10/1/2017      28,222.65    2.95 11/1/2017 – 10/1/2018      29,083.68    3.04 11/1/2018 – 10/1/2019      29944.71     3.13  

c) Infostretch (Business office)             Origin 1/1/2013  12,373 sq. ft. – 25,000 sq .ft. 1/1/2016                                                                                              Rent/mos.                Per sq. ft.   1/1/2013 ‐ 12/31/2013               14,905      1.20 1/1/2014 ‐ 12/31/2014      15,249.15    1.23     1/1/2015 ‐ 12/31/2015      15,706.62    1.27 1/1/2016 ‐12/31/2016      40,250      1.65 1/1/2017 – 12/31/2017      41,450      1.70 1/1/2018 – 12/31/2018      42,686      1.75    

d) Varentec, Inc (Business office & R&D)     Origin 11/1/2014   36,500 sq. ft Rent/mos              per sq. ft. 

 11/1/2014 – 11/30/2014 (1 month free)       0        0 12/1/2014 ‐  10/31/2015 (11 months)    47,450                 1.30 11/1/2015 ‐  10/31/2016 (12 months)    52,925      1.45            11/1/2016 ‐  10/31/2017 (12 months)    56,575      1.55 11/1/2017 ‐  12/31/2017 (2 months)    58,400      1.60 Then 3‐year option (thru 2020) @ $61,320, 63,145 & 64,970/mos.  

e) Kratos Security Solutions (R&D and manufacture)        Origin 11/1/2015              14,800 sq/ ft. Rent/mos.               Per sq. ft. 

  11/1/2015 – 12/31/2015         0      0   2/1/2016 – 12/31/2016      25,900                    1.75   1/1/2017 – 12/31/2017      26,677                    1.80   1/1/2018 – 1/31/2019      27,477                    1.86                   Monthly rents 1/1/2016:   Tafa Tolu                   27,800.00   Crossbar, Inc  16,111.00   Infostretch  40,250.00   Varentec     52,925.00   Kratos    25,900.00 

                  162,986.00 

Prepared by Rex Bigler  3/5/2016 

 

  RENT ROLL  ‐  3200 PATRICK HENRY DRIVE, SANTA CLARA, CA 

5/6/2016             All leases are full service. 

a) TAFA TOLU (Bingo)    Origin: about 1982      About 15,000 sq. ft           Rent/mos.          Per sq. ft. 12/1/2014 – 11/30/2015          26,800    1.79   12/1/2015 – 12/31/2016        27,800    1.85 1/1/2017 – 12/31/2017        28,800    1.92 1/1/2018 – 12/31/2018        29,800    1.99    

b) Crossbar, Inc.  (Business office)    Origin 11/1/11    9567 sq. ft                          .Rent/mos.                              Per sq. ft.                                                         12/1/2014 thru 10/31/2016      16,111                      1.68 11/1/2916 – 10/1/2017      28,222.65    2.95 11/1/2017 – 10/1/2018      29,083.68    3.04 11/1/2018 – 10/1/2019      29944.71     3.13  

c) Infostretch (Business office)             Origin 1/1/2013  12,373 sq. ft. – 25,000 sq .ft. 1/1/2016                                                                                              Rent/mos.                Per sq. ft.   1/1/2013 ‐ 12/31/2013               14,905      1.20 1/1/2014 ‐ 12/31/2014      15,249.15    1.23     1/1/2015 ‐ 12/31/2015      15,706.62    1.27 1/1/2016 ‐12/31/2016      40,250      1.65 1/1/2017 – 12/31/2017      41,450      1.70 1/1/2018 – 12/31/2018      42,686      1.75    

d) Varentec, Inc (Business office & R&D)     Origin 11/1/2014   36,500 sq. ft Rent/mos              per sq. ft. 

 11/1/2014 – 11/30/2014 (1 month free)       0        0 12/1/2014 ‐  10/31/2015 (11 months)    47,450                 1.30 11/1/2015 ‐  10/31/2016 (12 months)    52,925      1.45            11/1/2016 ‐  10/31/2017 (12 months)    56,575      1.55 11/1/2017 ‐  12/31/2017 (2 months)    58,400      1.60 Then 3‐year option (thru 2020) @ $61,320, 63,145 & 64,970/mos.  

e) Kratos Security Solutions (R&D and manufacture)        Origin 11/1/2015              14,800 sq/ ft. Rent/mos.               Per sq. ft. 

  11/1/2015 – 12/31/2015         0      0   2/1/2016 – 12/31/2016      25,900                    1.75   1/1/2017 – 12/31/2017      26,677                    1.80   1/1/2018 – 1/31/2019      27,477                    1.86                   Monthly rents 1/1/2016:   Tafa Tolu                   27,800.00   Crossbar, Inc  16,111.00   Infostretch  40,250.00   Varentec     52,925.00   Kratos    25,900.00 

                  162,986.00 

Prepared by Rex Bigler  3/5/2016