Club Auto Sport is a unique car condominium facility and club, which is purpose-built for collectors and motor sports enthusiasts. The concept is grounded on a solid, four-part platform:

• You get a secure, yet 24x7 accessible place to store and work on your vintage, exotic, and high-performance race and street cars.
• You become part of one of the hottest clubs around, a place where you can gather with old and new friends—from fast-rising high-tech execs to “classic” businessmen…from serious collectors to those just starting on the journey—but all with one thing in common: a passion for fine motor vehicles.
• You’ll enjoy concierge-arranged services—for everything from transporting your vehicles or prepping your luxury motorhome to picking up your dry cleaning.
• you’ll find a new avenue for channeling your philanthropic activities and interests at your discretion, in ways that will powerfully address community needs.

Club Auto Sport drives all that and more together into one fun-filled environment that is fast becoming the talk of the town.

Club Auto Sport offers 84 fully customizable car condominiums, ranging in size from 800 to 10,000 square feet, so you can find a unit that’s a perfect fit for your collection. Even the smallest unit can accommodate up to four cars, and more if stacking systems are used.

Club Auto Sport car condominiums are purpose-built units with full-height demising walls that feature a carbon monoxide sensor and automatic exhaust fans in every unit, so you can run your cars when you like. Units also incorporate the latest in fire protection and security systems—including real-time web cams that you can view from home—to safeguard your valuable collection.

At Club Auto Sport, you own your condominium unit just like you would any other piece of commercial property—taking advantage of tax write-offs and other benefits, and enjoying the potential for long-term appreciation.

Your condominium comes complete with full-height demising walls that are fired-taped and topped. The coil-up truck entry door is 12-feet wide by 10-feet high. The unit includes a carbon monoxide ventilation system, with auto sensor and an exhaust fan. A storefront glass door features a fixed sidelight. Additional lighting in the unit is provided by an interior overhead light fixture.

The floor is sealed concrete. Each condominium has a sanitary sewer lateral and water lateral, as well as an electrical sub-panel with a minimum of 100 amps of power, sub-metered. Also included are a telephone patch panel, Internet connection, and security alarm system. Perimeter units include future HVAC curbs installed in the roof system, together with gas and condensate loops.

Owners are encouraged to customize their units in any way they desire, within the guidelines established in the Club Auto Sport Covenants, Conditions, and Restrictions (CCRs)

There are no club dues. This cannot be changed without an amendment to the club bylaws, voted on by members at some future date.

Owners will, however, be assessed association dues, which are necessary to to cover property management services, club director, concierge, and valet expenses, as well as to maintain and improve as needed common areas such as the elegant showroom/clubhouse, fitness facility and restrooms, fully equipped common conference room, visitor and guest parking areas, and landscaping.

Absolutely—buyers are encouraged to move their businesses to Club Auto Sport. In fact, that’s the best way to maximize the tax benefits that may be available to you—especially in light of the 2008 Economic Stimulus Act. Of course, we can only offer general advice. You’ll want to check with your CPA or tax advisor with any tax-related questions specific to your purchase.

Businesses do not have to be specifically auto-related, although many will either be related to the auto industry or provide services required by our avid collectors—and will typically be owned by people who are themselves auto enthusiasts and collectors. As long as your use conforms to applicable zoning ordinances, there are no limitations.

Most definitely! Club Auto Sport is a place where you can store, work on, and enjoy your cars all you like, without the complaints you are likely to receive in a residential neighborhood. Any limitations are clearly explained in our CCRs. So, whether you just like to tinker, or you’re making major modifications to your cars, consider Club Auto Sport your garage away from home.

Club Auto Sport units are not approved for residential uses. If you have a passion for cars—as many owners do—it may feel like you’re living at Club Auto Sport at times. But no, you cannot take up residence in your unit.

Can you host a party in your existing business offices? Of course you can. The same is true for Club Auto Sport. Certainly, you can have a party in your unit subject to the guidelines in our CCRs.

In fact, we threw ourselves quite a little party at Club Auto Sport-Silicon Valley on Thursday, May 29th—when the facility officially opened its doors. If you were there, you know it’s a great place for a get-together!

As an owner, you’ll have the opportunity to reserve the breathtaking Club Auto Sport clubhouse/showroom for a private business, social, or charitable function and arrange for catering by our in-house caterers a specific number of times annually. (Please refer to club bylaws and membership benefits pamphlet.)

Yes, and yes. If it fits—and isn’t against zoning laws or other prohibitions (such as weapons or hazardous materials)—you can store it in your Club Auto Sport unit. Important papers? Yes—state-of-the-art security and fire protection systems make your condominium unit an excellent choice for keeping your critical papers safe. A collection of fine wines? By all means, yes. (Please share.)

Your Uncle Cletus’ pet possum collection? Uh, no. We don’t recall that being allowed under the zoning ordinances.

Only if they know the car guys’ secret handshake and password. No, seriously, of course they are. This is not a cigar smoke-filled backroom above Danny’s Bar & Grill. This is one of the classiest, most exclusive and highly prestigious clubs in all of Northern California—with many social events and club functions designed for you and your spouse or family.

Once your spouse attends an event in the impressive showroom with 20-foot high window walls catered by Club Auto Sport’s fabulous catering staff, she’ll be asking how she can reserve the club for her upcoming business, social, or charitable function.

Each owner is allocated one reserved space per unit in our ample exterior parking area. This space will be sized according to your specific requirements. For example, if you need to park a 45-foot luxury motorhome, every attempt will be made to accommodate your requirements—subject to review by the Club Auto Sport owner’s association. All assigned owner spaces include an electrical hookup.

In some ways, you can’t afford not to—especially in 2008. There are tremendous tax benefits available to buyers of commercial property under the 2008 Economic Stimulus Act signed into law in early 2008 by President George Bush.

Internal Revenue Code (IRC) Section 179 deductions of up to $250,000 and the reinstatement of bonus first-year depreciation—now up to $250,000 once the IRC Section 179 deductions have been exhausted—as well as other tax write-offs, may reduce your after-tax costs to the point that the government effectively will make most or all of your down payment.

There are truly extraordinary opportunities today for purchasing a car condominium unit at Club Auto Sport. We suggest you tour the facility soon and then make an appointment for you and your tax advisors to meet with the people at Borelli Investment Company who are the exclusive marketers of Club Auto Sport.

Both conventional and 90% SBA financing is available for buyers at Club Auto Sport. In fact, it’s a misnomer that financing for commercial real estate purchases has tightened up similar to financing for residential real estate. That is simply not true.

Ample funds are available to loan to qualified buyers of commercial property like the condominium units at Club Auto Sport.

Like with any other commercial condominium, you can sell your Club Auto Sport unit at any time. There are no specific restrictions, other than that the new owner will assume responsibility for the annual association dues and will become a club member in your place.

Silicon Valley commercial property has historically appreciated significantly in value over time, and while there is no guarantee that an investment at Club Auto Sport will experience similar appreciation, the likelihood is that you will obtain an excellent resale value from your investment at Club Auto Sport.

For those with collections from one to a handful of vehicles, Borelli Motor Sports lets you arrange for short-term or long-term rental of space at Club Auto Sport.

Enjoy the same gated security with real-time web cams, advanced fire protection, 24x7 access, and complete environmental controls and ventilation as Club Auto Sport condo owners enjoy. You also get one hour of our expert mechanic’s time per car per month, included at no additional charge. And if you store two or more cars with Borelli Motor Sports, you’ll receive a free associate membership in Club Auto Sport. Priceless!

Don’t leave your prized car collection locked in garages at your friends’ houses all over the valley. For Borelli Motor Sports rates or additional information, contact Ralph Borelli at (408) 453-4700, or e-mail ralph@borelli.com.

Club Auto Sport’s buildings and facilities are insured just like any other commercial condominium association. The club’s business personal property is insured for special form coverage as required by our lenders. Special form coverage insures against risks such as fire, wind, vandalism, water damage, falling objects, and theft. Contents the club uses to host events are also insured for the same exposures. In addition to the property coverage, Club Auto Sport is protected by general liability insurance and an umbrella policy tailored for commercial condominium associations.

As a unit owner, it is your responsibility to insure any improvements made to your condo/unit. Club Auto Sport insures the building as built and offered to you. Any and all improvements you have made to your unit within your walls must be insured by you. The same applies to all contents or property you keep or store in your unit, including vehicles—it is your responsibility to insure these. In fact, you are required to provide Club Auto Sport with proof of adequate insurance on your condo/unit improvements, personal property and vehicles at time of occupancy.

Let’s look at a hypothetical loss caused by a fire that accidentally started in your unit, damaging your vehicle and destroying other contents. Your individual policy would insure and replace the unit improvements you had made, as well as pay you for the contents that were destroyed. Your vehicle policy would replace or repair the vehicle or vehicles under your automobile physical damage coverage called comprehensive. Again, it is your responsibility to make sure you have adequate limits of coverage to protect the automobiles and other property stored in your car condo.

As mentioned above, Club Auto Sport is insured like any other commercial condominium association. When an individual or organization books an event at the club, they are required to furnish proof of coverage to protect Club Auto Sport and its unit owners. This proof of coverage is to include general liability, products and completed operations coverage, workers compensation insurance, and other liability requirements for the particular event.

Any and all subcontractors the booking party brings onsite—including caterers—are also required to provide proof of coverage listing Club Auto Sport as a certificate holder and additional insured. If the booking party is displaying vehicles at their event, they will do so at their own risk and will provide Club Auto Sport with proof of insurance on the vehicles and on any other property they bring into our facility. No one will be allowed to host an event without first furnishing proof of adequate insurance. See the Club Auto Sport event agreement for details.

It is your responsibility as required in Club Auto Sport’s CC&R’s to insure your vehicle or vehicles for everything that could possibly happen. Club Auto Sport will not provide transportation services for vehicles directly. However, our concierge will be happy to arrange for transportation either through a firm you recommend, or through a third party that will be responsible for providing its own proof of coverage.