Alameda Point Leasing Rate analysis
for 2440 Monarch
Prepared by Aziz Khatri (DRE# 01050721) KW Commercial Oakland, CA (DRE #02029039) 24-Sep-24
Subject property
2505 Monarch 650 West Tower 950 West Tower
2440 Monarch St 2400 Monarch
Property Address
22 39
44 Building number
Wonky Kitchen Gold Bar Sprits Co. Doer Marine Corp Pyke Tenant Steel Town Winery
72 18 96
Term in months 120
32,500.00 30,000.00 106,000.00
SF 5,295.00 5,073.00
Total Rent 100,700.00
3,123.04 34,125.00 19,500.00
Monthly Rent
0.62 1.05 0.65 0.95
Per SF rent
Adjustments
Rent Abatement 367,757.00
27,384.00 1,208,400.00
TV/Credit
228.20 5,107.74 12,587.50
Monthly
Per SF (0.04) (0.16) (0.12)
Water views -15%
Parking - 10%
20%
Short term lease
-30%
Location
-10%
Excellent condition
Amenities
Secure parking 1,784.93
-35% -10% 0%
Total % adjustments
Total per SF adjustments (0.37) (0.07)
0.53 0.59 0.83 0.63
Adjusted Rent per month/SF 0.63 0.57
3,325.56
0.63 Average
Eel Maya Blas
commuicetria
CalEnviroScreen 4.0 Indicator Maps - Impaired Waters
THE 4 IMPAIRED Inner Oakland Harbor
Canyon
WATER BODIES OF ALAMEDA
San Leandro Bay
Central
San Francisco Bay
Leandro
Lower
Daly City San Francisco Bay
1:118,860
2/11:2025, 6:56:54 PM
$ my
Impaired Waters: Polygons > 10 - 20 > 50-60 = 80 90
3.5 7 km
Impaired Waters: Lines > 20 - 30 > 60 - 70 > 90 - 100
Impaired Waters Percentile > 30 - 40 > 70 - 80
DEOS NGA EPA USDA NPS
0 - 10
Alameda Impaired Water Bodies Data Compiled and Presented by Gabriel Duncan, for the Alameda Native History Project; Source: California Water Resources Board, '2024 California Integrated Report", https://www.waterboards.ca.gov/water_issues/programs/water_quality_assessment/2024-integrated-report.html Jubmitted by Gratied Dunca
Undh Oval ammunication 2/18125
Pollutants in Alameda's Water Bodies
San Francisco Bay, Lower 10
San Leandro Bay (part of SF
11 Bay, Lower)
Name of Water Body
San Francisco Bay, Central
Oakland Inner Harbor
0 2 4 6 8 10 12
Alameda Impaired Water Bodies Data Compiled and Presented by Gabriel Duncan, for the Alameda Native History # of pollutants Project; Source: California Water Resources Board, "2024 California Integrated Report", https://www.waterboards.ca.gov/water_issues/programs/water_quality_assessment/2024-integrated-report.html Central San Francisco Bay BEST
(Literally most of Alameda, Except for Oakland Inner Harbor.
San Leandro Bay, and the South West Side of Bay Farm).
TRASH
DDT (Dichlorodiphenyltrichloroethane)
Mercury
PCBs (Polychlorinated biphenyls) (dioxin-like)
Dioxin compounds (including 2,3,7,8-TCDD)|
Furan Compounds
Listed Pollutants in ALameda's Water Bodies
Invasive Species
8 out of 8 samples exceeded limits for trash
Trash
65 out of be for Dieldrin
Chlordane 52 out of 54 for Polychlorinated biphenyls (PCBs) Dieldrin 80 out of 100 for mercury
Selenium
PCBs (Polychlorinated biphenyls)
Alameda Impaired Water Bodies Data Compiled and Presented by Gabriel Duncan, for the Alameda Native History Project; Source: California Water Resources Board, "2024 California Integrated Report", https://www.waterboards.ca.gov/water_issues/programs/water_quality_assessment/2024-integrated-report.html Lower San Francisco Bay NOW
(Literally just the the South West Side of Bay Farm) WITH DIELDRIN!
DDT (Dichlorodiphenyltrichloroethane)
Dioxin compounds (including 2,3,7,8-TCDD)
Invasive Species
Furan Compounds
Listed Pollutants in ALameda's Water Bodies PCBs (Polychlorinated biphenyls) (dioxin-like) Dieldrin
Trash
PCBs (Polychlorinated biphenyls)
Mercury
21 out of 21 samples exceeded limits for mercury
Chlordane
54 out of 56 samples exceeded limits for dieldrin
4 out of b for trash
19 out of 84 for Polychlorinated biphenyls
Alameda Impaired Water Bodies Data Compiled and Presented by Gabriel Duncan, for the Alameda Native History Project; Source: California Water Resources Board, "2024 California Integrated Report", https://www.waterboards.ca.gov/water_issues/programs/water_quality_assessment/2024-integrated-report.html San Leandro Bay
TOXIC
(Starts at the narrowest point of the San Leandro Channel.)
SEDIMENT
Zinc
Dieldrin
Dioxin compounds (including 2,3,7,8-TCDD)
Furan Compounds
Invasive Species both Mercury & PAts are
Listed Pollutants in ALameda's Water Bodies Found at toxic levels in san Chlordane LEandro Bay Sediment
Lead (sediment)
PAHs (Polycyclic Aromatic Hydrocarbons) (sediment)
Pesticides (sediment)
DDT (Dichlorodiphenyltrichloroethane)
Mercury
Alameda Impaired Water Bodies Data Compiled and Presented by Gabriel Duncan, for the Alameda Native History Project; Source: California Water Resources Board, "2024 California Integrated Report", https://www.waterboards.ca.gov/water_issues/programs/water_quality_assessment/2024-integrated-report.html Oakland Inner Harbor
a Dalland EsterSan Fand the North corner of Alameda
LOL
Listed Pollutants in ALameda's Water Bodies
Enterococcus
21 out of 25 samples exceeded limits
for enterococcus bacteria, an indicator
of possible wastewater (sewage)
contamination
Alameda Impaired Water Bodies Data Compiled and Presented by Gabriel Duncan, for the Alameda Native History Project; Source: California Water Resources Board, "2024 California Integrated Report", https://www.waterboards.ca.gov/water_issues/programs/water_quality_assessment/2024-integrated-report.html Pollutants in Alameda's Water Bodies
% of Tests Exceeding Limits for Listed Pollutants
• San Francisco Bay, Lower • San Francisco Bay, Central • San Leandro Bay (part of SF Bay, Lower) Oakland Inner Harbor Zinc 57.14%
100.00%
100.00%
Trash
94.05%
96.30%
PCBs (Polychlorinated
biphenyls)
PAHs (Polycyclic 57.14%
Aromatic Hydrocarbons)
100.00%
80.00%
Mercury 57.14%
100.00%
98.48%
Dieldrin 57.14%
81.16%
DDT 70.09% 100.00%
(Dichlorodiphenyltrichloro
78.26%
37.00% 100.00%
Chlordane
Enterococcus 84.00%
50,00% 75.00% 100.00%
0.00% 25.00%
lameda Impaired Water Bodies Data Compiled and Presented by Gabriel Duncan, for the Alameda Native History Project; Source: California Water Resources Board, 2024 California Integrated Report", https://www.waterboards.ca.gov/water_issues/programs/water_quality_assessment/2024-integrated-report.html 01 TRASH
02 Top 5
PCBS
03 Pollutants
In DIELDRIN
04 Alameda's
ENTEROCOCCUS
Water
05 Bodies
DDT
Hello Ms. Ott, Mr. Shen, and City Council Members,
Please consider this as an additional and continued request by Steeltown Winery LLC (DBA Building 43 Winery) to resolve the pending lease issue without the continued use of excessive litigation and fees.
It's hard to believe that City staff has retained outside counsel without proper City Council authorization and already rang up what appears to be more than $50,000 in legal fees in such a short time.
How can we already be in litigation without the City even providing their broker's analyses of what Building 43 (2440 Monarch St.) is worth. Throughout the process our eam has asked Mr. Schmeider for his analysis and he has refused, only stating, " the City wants it to be $1.20 so that's what it is" (95% is $1.14). Since Mr. Schmeider's refusal we have asked Ms. Thorne-Lyman and Ms. Strauch and have received the same refusal.
Our Broker immediately provided Mr. Schmeider and the City with his analysis as attached to this email.
These City leases are designed to promote discussion and facilitate cooperation, not litigation. So much so, that in 2014 when we signed the initial lease we were not represented by counsel and even used the City's Broker, Mr. Schmeider, as our Broker.
Furthermore, these leases are expressly designed to prohibit weaponization of landlord- tenant law, of which the City is currently engaged in using outside legal counsel.
This adversarial, discriminatory, and retaliatory behavior exhibited by the City is so far removed from how the City treats other tenants. This behavior, coupled COVID and with the City's engineered traffic pattern funneling traffic to a competitor that is a friend of staff and certain council members, has created an insurmountable barrier to success for Building 43.
These acts, by the City and outside counsel, are effectively a forced eviction. Ms.
Villagrana confided in Ms. Thorne-Lyman and Ms. Strauch about the financial struggling of Building 43 Winery, due to everything mentioned in all correspondence to date. Not long after this meeting of confiding, the City went all in on this outside counsel concept running the bill into the $10's of thousands of dollars.
We once again ask you to stop this hostile and aggressive assault against Building 43 Winery and engage in meaningful negotiations, debate, arbitration, mediation, and anything else that will benefit both parties: stopping the financial hemorrhaging of the People's Money in legal fees to outside counsel.
To continue to take a hard stance on what you believe the lease states ignores the facts that:
1}several steps were bypassed to get to where the City has forced this.
Submitted by Tod Hickhen
Under Oral Common atris 218/25
2) The City's Broker failed/refused to supply his commercial lease analysis to date. 3)Basic CA commercial landlord-tenant law cannot be overridden by individual leases. 4)We are being treated drastically different than any other tenant in history. 5) The City has never exercised these final clauses of the lease, particularly in the historic district and on NAS.
6) The hiring of outside counsel appears to violate numerous laws, codes, and ordinances.
7)lt does not appear that Ms. Jensen, Ms. Pryor, Mr. Daysog, or Mr. Boller have signed off on the totality of what is happening here.
Respectfully,
Tod Hickman
Member Steeltown Winery LLC.
NAS Alameda Historic Preservationist
Combat Veteran
510 872-1710