1915 REPUBLIC AVE San Leandro CA 94577-4220

Cushman & Wakefield is pleased to present a portfolio of four Bay Area, Northern California industrial/manufacturing buildings leased to one tenant- Applied Fusion, priced at $15,250,000. The northern buildings are located side by side from each other on Republic Avenue just west of Interstate 880 in San Leandro, CA, and an eight-minute drive to Oakland International Airport. This investment can be purchased as a portfolio or as two seperate investments, north and south.

San Leandro is situated in Alameda County and is the third-largest industrial market, with over 27 million square feet (MSF). The property benefits from excellent demographics with an average household income of $134,575 within one mile and a population of over 336,000 within 5 miles. Major manufacturing tenants in San Leandro include Coca-Cola, Dr. Pepper, Snapple, Ghirardelli Chocolate, Torani, All American Containers, Georgia-Pacific, Pelagic Pressure Systems, Airgas, Olson Steel, Polymeric Technology, L3 Applied Technologies, CNH Industrial, and Energy Recovery.

Applied Fusion is owned by IMG Companies, LLC which is a wholly-owned subsidiary of the publicly traded Ichor Holdings Ltd. (NASDAQ: ICHR). Applied Fusion was acquired by IMG Precision in May 2018 for an undisclosed sum. IMG Companies LLC, an Ichor portfolio company, is a precision manufacturer for emerging technologies. By acquiring Applied Fusion, they have been able to draw from best practices to vertically integrate, deliver sustainable value to current customers and expand possibilities with both current and new customers. IMG Companies, LLC was acquired by Ichor Holdings, Ltd (NASDAQ: ICHR) for $270 million in the fourth quarter of 2021. Ichor is a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment. For the 9 months ending September 30, 2024, Ichor Holding Ltd. reported sales of $615.7 million, EDITDA of $22.7 million, and stockholder’s equity of $697 million.

Applied Fusion was one of the first shops in the U.S. to integrate electron beam welding into the job shop industry. When the semiconductor industry was born, they were ready. They immediately assisted engineers with new welding methods that allowed designers to create components that were previously impossible.

• Rare industrial leased single tenant investment for sale

• Approximately 3.5 years remaining on net leases with tenant who has a long history of occupying these buildings

• Annual increases of CPI, but not less than 2%

• Well maintained buildings with significant tenant investments

• For the 9 months ending September 30, 2024, Ichor Holdings Ltd. reported sales of $615.7 million, EDITDA of $22.7 million, and stockholder’s equity of $697 million.

• Tenant is paying an average rent of $1.34/sf/mo/ net, which is at or below market

• Two 5-year Fair-Market-Value options to renew leases, but not less than previous rent increased by a minimum of 2%

• All four buildings are on separate parcels and have separate leases - can be purchased as a portfolio or two separate investments, north and south.