1237 & 1295 W YOSEMITE PARKWAY MERCED, CA 95340

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1 MULTIFAMILY AND/OR COMMERCIAL DEVELOPMENT OPPORTUNITY EL REDONDO DR MERINO PARK COMPASS POINTE AVE MERCED DOG PARK W YOSEMITE AVE FOR SALE OR LEASE MIXED USE LAND - ± ACRES 1237 & 1295 W YOSEMITE PARKWAY MERCED, CA Cushman & Wakefield Copyright No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

2 Property Profile LOCATION: 1237 & 1295 W YOSEMITE PARKWAY - MERCED, CA LAND AVAILABLE: ±15.51 ACRES TOTAL APN: (±7.75 ACRES) & (±7.76 ACRES) ZONING: P-D #46 (Commercial)* USE: C-N (Neighborhood Commercial) * Conditional Use Permit required for Multifamily Development Currently the site is zoned for Neighborhood Commercial, but the City of Merced is flexible with the end use. This opportunity provides a blank canvas for the next owner/developer. A few examples of what the property could become are a retail power center, or a mixed use property of retail and multifamily, or all multifamily. The current owner considered the idea of building a mixed use project comprised of a small retail center and a 220 unit multifamily community. Ultimately the property can be sold all together or subdivided into smaller parcels.

3 Investment Opportunity INVESTMENT OPPORTUNITY The owner conceptualized building a 220 unit apartment community on ±11.96 Acre with an adjoining neighborhood retail center on the remaining ± 3.54 acres Seller flexibility on subdivision of parcels into smaller development lots UC Merced CatTracks has a stop a few steps away on Yosemite nue. CatTracks is a free bus transportation service for all UC Merced students, faculty and staff that takes them to and from campus. Excellent location within a Residential neighborhood surrounded by SFRs Closest grocery shopping center is ± 1.6 miles away Location strengths: o o o o ± 1 mile from Merced Community College (15,379 student enrollment) ± 2 miles from Mercy Medical Center (Hospital) ± 2 miles from Merced Mall (Over 70 specialty stores) ± 5.5 miles from UC Merced Campus (7,967 student enrollment (7,375 undergrad, 592 grad students))

4 N MERINO PARK (±7.75 ACRES) (±7.76 ACRES) W YOSEMITE AVE - 9,849 ADT MERCED DOG PARK R ST

5 MERCED LOCATION OVERVIEW Merced is in the heart of California s San Joaquin Valley and serves as the county s commercial, entertainment, cultural and governmental hub. With a population of ±82,594 people, it retains the charm of a small town yet offers amenities routinely found in larger cities. Merced, known as the Gateway to Yosemite is conveniently located in the middle of the San Joaquin Valley and within a two hour drive from the cities of San Francisco and Sacramento and a short drive from the natural beauty of the Pacific Ocean and Yosemite National Park. Merced enjoys a low cost-of-living and an excellent quality of life. The atmosphere offers a special, diverse blend of rural environments. The city is surrounded by natural beauty that includes meandering streams, walking trails, abundant parks and an extensive bike path system. Merced s emerging downtown area is home to a number of quaint boutiques, coffee houses, a cinemaplex, eateries, a multicultural arts center, several historically significant buildings and the beautifully restored Merced Theatre. The region is very flat in fact Merced s elevation is approximately 172 feet above sea level. Many acres of grazing land surround the city, along with fruit orchards, cotton fields and the sweetest strawberries you ll find anywhere.

6 Santa Rosa 80 Davis West Sacramento Sacramento 99 Rancho Cordova Elk Grove N 10 MILES Rohnert Park Napa Vacaville 5 Petaluma Fairfield Lodi Novato San Rafael Vallejo Richmond Concord Pittsburg Antioch Brentwood 99 Stockton Berkeley 80 Walnut Creek 5 San Francisco Daly City Oakland Alameda San Leandro 680 San Bruno Pacifica San Mateo Redwood City Hayward Union City San Ramon Fremont Pleasanton 580 Livermore Tracy Manteca Modesto Ceres 1237 & 1295 W Yosemite Pkwy Merced Turlock Palo Alto Mountain View Milpitas Santa Clara Sunnyvale San Jose 5 99 Merced Morgan Hill

7 Education - UC Merced The Merced area has access to several institutions of higher learning. Since 2005, Merced has been home to UC Merced, the 10th campus of the University of California. To date, the state has invested more than $500 million in construction and development of the 2,000 acre site. Upon completion of the 2020 Project (a three phase expansion project between ), UC Merced will be able to accommodate up to 10,000 students and as many as 25,000 students when the campus grows to full capacity in about three decades. UCM is known for its schools of Engineering, Natural Sciences, Social Sciences and Humanities and Arts. Also for its progressive work in the field of Solar. All of UC Merced s buildings have or will achieve Leadership in Energy and Environmental Design (LEED) certification meaning they meet or exceed standards for sustainability in design and operations. UC Merced is the only American university with the construction of every building on campus environmentally certified. Conservation and sustainability are part of the fabric of the campus and evidence can be seen everywhere. The UC Merced campus is located just a little over five miles north-east from the subject property. Merced College Merced College founded in 1962, is a community college and is just a little over a mile from the subject property. With enrollment of 15,379 students and 180 full time professors, the college offers 77 Associate Degree Programs and 51 Certificate Programs. Mercy Medical Center Mercy Medical Center Merced, part of the Dignity Health network is located approximately two miles away from the subject property and is a hospital that offers many services, including cardiac services, center for diabetes and critical care services.

8 C 1237 & 1295 W YOSEMITE PARKWAY - MERCED, CA N 0.5 MILES Breeze Rd Utah St Barclay Way Hillcrest Rd E Farmland W Bellevue Rd E Bellevue Rd M St Canyon Golf Rd N Lake Rd! Ranch ers Rd Schol a rs Ln UC Merced Campus W Tahoe St ir M Beckman Way Fir Lobo ake Thornton Rd Belcher Cooper 99 W Cardella Rd 1237 & 1295 W Yosemite Pkwy W 16th St 59 W Pettinotti Rd Augustine San W Yosemite V St Merced D e v onw ood V St U St St Tropez T St W 18th St W S St W Main St Horizons Buena Loughborough 25th St Q St R St W 20th St W 19th St P St R St R St Vista O St San Jose! Olivewood N orthwood W 23rd St W 22nd St R St NW Bear Cardella Rd Notre Dame Rambler Rd W 21st St M St! Sibley Pl W 24th St Canal St W 22nd St C ommunity C ollege H St N University W 28th St W 27th St Ca m p u s Pa rk W 26th St Bancroft Cardella Rd W Yosemite W Donna Merced Mall W Olive W Olive Creek M St Merced College G St G St E Santa F e E Cardella Rd Mercy Medical Center! Mercy NE Cre Bear ek Mansionette Tahoe Cor dova Col u mbia Br o okdale E 26th St E Cherokee Hansen Oleander Paulson Rd St Joerg N Be a r E 27th Donna El Portal E Olive E Alexander Oregon Creek N Gardner N Parsons Teak N P arsons Dunn Rd Bedford Hatch Rd Whitewater Way field E Cardella Rd E Yosemite E Yosemite McKee Rd Gr een Piedmont hitegate D r W N Lake Rd Merced NE Bear E Olive Creek Crown Rd SE Bear Creek N Kibby Rd

9 Retail The population expansion in Merced has stimulated retail growth with several major retail chains entering the Merced market with a number of these located within the Merced Mall, anchored by JC Penney, Target and Kohl s, located just over a mile from the subject property. A number of large retail centers are located southwest of the subject property i.e. Walmart, Lowe s Home Improvement Center and Hobby Lobby. Major Employers in Merced (2010 Data) # Employer # of Employees 1 County of Merced 2,028 2 University of California, Merced 1,602 3 Mercy Medical Center Merced 1,200 4 Merced City School District 1,141 5 Merced Union High School District Merced College City of Merced Quad/Graphics Wal-Mart 311

10 N Merced Community College (±15,379 students) W YOSEMITE AVE 59 G ST W OLIVE AVE 99 MERCED MALL W 16TH ST

11 Demographics TOTAL POPULATION DAYTIME POPULATION MEDIAN AGE 1-mile 1-mile 1-mile 15,671 11,819 3-mile 3-mile 3-mile 71,919 79,604 5-mile 5-mile 5-mile 105, ,270 # 28.8 YEARS OLD 30.2 YEARS OLD 29.6 YEARS OLD MEDIAN HOUSEHOLD INCOME TRAFFIC COUNTS 1-mile 3-mile 5-mile $48,280 $43,034 $43,596 W YOSEMITE AVE. HIGHWAY 59 9,849 ADT 14,000 ADT