Pro forma cap rate of ±5.45% based on achievable market rents of $4.00/SF NNN for the ±3,498 SF main building at 590 Dutton and rent normalization at the ±578 SF Bancroft retail suite. Current Bancroft rent of $1,000/mo has upside to ±$1,734/mo based on $3.00/SF NNN market rates. Combined pro forma NOI of ±$136,249 supports the offering price with additional value-add potential through tenant repositioning and light capital improvements. Excellent owner-user or investor opportunity with strong visibility and stable demand in the San Leandro market.