7386 Stockton Blvd/6611 Orange Ave, Sacramento
Transcription
7386 Stockton Blvd/6611 Orange Ave, Sacramento
7386 Stockton Blvd/6611 Orange Ave, Sacramento 7386 Stockton Boulevard 6611 Orange Avenue Sacramento, CA Investment Offering Exclusively Offered By: 1401 Shore St., W. Sacramento, CA 95691 Phone: 916-371-9021 Fax: 916-373-0655 James B. MacLaughlin [email protected] 916.374.4232 x3021 Table Of Contents 7386 Stockton Blvd/6611 Orange Ave, Sacramento Executive Summary 1 Property Summary 2-3 Rent Roll 4-6 Financial Summary Traffic Count 7 ____________________________________________________________________ _ 8 Property Photos_______________________________________________________________ _____ 9-12 Aerial Photo 13 Parcel Map______________________________________________________________ _________ __14 Area Maps ______________________ The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above items before making any investment decisions. 15 Executive Summary 7386 Stockton Blvd/6611 Orange Ave, Sacramento 7386 Stockton Blvd/6611 Orange Ave is an opportunity to acquire a very well located retail and automotive facility with long-term leases and rental upsight. This property ideally located just South East of State Highway 99 and Florin Road. Property Address: 7386 Stockton Blvd/6611 Orange Ave Location: Sacramento, CA Building Area: 34,500 square feet Price: $7,000,000 Price per Square foot: $202.90 Cap Rate: 8.0% Assessor’s Parcel Number: 050-1311-022 050-0311-017 050-0311-045 Parcel Size: 3.56 Gross Acres Zoning: General Commercial Year Built: 2006 Flood Zone: Zone AE Earthquake Zone: None; Category D Fire Sprinklers: Yes Tenant: Retail and Automotive Lease Type: Multi Tenanted Triple Net The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above items before making any investment decisions. Page 1 Property Summary 7386 Stockton Blvd/6611 Orange Ave, Sacramento Property Description: The subject property consists of three buildings totaling 34,500 square feet on 3.56 acres. Retail Square Footage: 21,000 Square Feet Automotive Square Footage: 13,500 Square Feet Mechanical: One HVAC Per Unit Floors: 6” Reinforced Concrete Slab With Epoxy Filled Expansion Joints Grade Level Doors: 8 (Automotive) Clear Height: 20’ Roof: Metal Roof Structure: Metal Fire Sprinkler: Yes Lighting: T-8 Power: 200 Amp 480/277 Volt Panels Insulation: R-19 Throughout Warehouse Utilities: Water: Cal Water Sewer City of Sacramento Electric: SMUD Gas: SMUD Telephone: SBC Rail Service: None The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above items before making any investment decisions. Page 2 Property Summary 7386 Stockton Blvd/6611 Orange Ave, Sacramento Lease Type: Multi-tenanted triple net lease. The tenant is responsible for 100% of all costs for the premises, including property taxes and insurance. In addition, the tenant is also responsible for all repairs and maintenance of the premises with the exception of structural portions of the building. Stockton & Orange Center: Location: the project is located approximately 10 miles south of Downtown Sacramento and ½ mile south of Reconstructed Florin Mall. Zoning-General Plan: The subject property is located within a General Commercial zoning area as administered by the City of Sacramento. The zoning designation is intended to accommodate a wide variety of uses including most types of automotive and retail uses. Flood Zone: The subject property is located in Flood Zone AE FEMA Panel No. 060262-0310 F, Dated July 6, 1998. Zone AE is designated as an area of base flood elevations and flooding and is calculated statistically to have a probability of a 1% annual recurrence. There are several minimal infrastructure bonds/assessments on the property. Each agency can be contacted for more information. They are as follows: Flood Control District Zone #9 (209)-468-3060 South Sacramento Interim Sewer CFD 90-1 (866)-807-6864 San Joaquin Area Flood Control Agency Bond (866)-807-6864 San Joaquin Area Flood Control Agency Operating/Maintenance (866)-807-6864 San Joaquin Mosquito Abatement (209)-982-4675 All of the above bonds appear on the property tax bill and are able to be paid off. Earthquake Zone: Sacramento is not located in an earthquake zone. The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above items before making any investment decisions. Page 3 7386 Stockton Blvd/6611 Orange Ave, Sacramento Rent Roll # Tenant Name & Address Salesman Lease Comm Lease Expires 5/1/2009 4/30/2017 Unit Sq. Monthly Ft. Rent/SF Monthly Total Security Deposit CAM % Ins Base Year Tax Base Year $4,410.00 $3,300.00 32.22% 32.22% 32.22% Gross Gross Gross Comments ORANGE AVE 1 Pravindra Kumar 4,350 $1.01 6611 Orange Ave #A (to 04/30/2015) $1.04 $4,535.00 Gross Lease. 05/01/14: Lease converted to gross. (to 04/30/2016) $1.07 $4,675.00 (to 04/30/2017) 2 Allied Signs 12/1/2013 5/31/2019 3,050 $0.68 Sean Nguyen $2,060.00 $2,000.00 (to 11/30/2015) 6611 Orange Ave #B $0.00 22.59% 22.59% 22.59% Gross Gross Gross 22.59% 22.59% 22.59% Gross Gross Gross 22.59% 22.59% 22.59% Gross Gross Gross 100% 100% 100% Gross Lease. $0.00 (to 12/31/2015) $0.70 $2,120.00 (to 12/31/2016) $0.00 $0.00 (to 01/31/2017) $0.71 $2,180.00 (to 01/31/2018) $0.00 $0.00 (to 02/28/2018) $0.73 $2,240.00 (to 05/31/2019) 3 Low Price Auto Glass 6/19/2006 Mo to Mo 3,050 $0.99 6611 Orange Ave #C 4 Agriculture Specialties $3,000.00 $3,812.00 (Mo to Mo) 1/1/2014 3/28/2017 3,050 $0.59 6611 Orange Ave #D $1,800.00 $2,000.00 (to 12/31/2014) $0.62 Gross Lease. Gross Lease. $1,900.00 (to 12/31/2015) $0.65 $2,000.00 (to 03/28/2017) TOTAL 13,500 TOTAL LEASED 13,500 TOTAL VACANT 0 $11,270.00 $11,112.00 Page 5 7386 Stockton Blvd/6611 Orange Ave, Sacramento Rent Roll # Tenant Name & Address Salesman Lease Comm Lease Expires 9/1/2006 11/30/2016 Unit Sq. Monthly Ft. Rent/SF Monthly Total Security Deposit CAM % Ins Base Year Tax Base Year $3,349.00 $2,805.00 7.14% 7.14% 7.14% NNN NNN NNN 14.28% 14.28% 14.28% Gross Gross Gross 7.14% 7.14% 7.14% Gross Gross Gross 7.14% 7.14% 7.14% NNN NNN NNN 7.14% 7.14% 7.14% Gross Lease. Gross Gross Gross Sub Lease for Star Beauty Lease 14.29% 14.29% 14.29% Gross Gross Gross 6.47% 6.47% 6.47% Comments STOCKTON BLVD 1 China Express 1,500 $2.23 7386 Stockton Blvd #A (to 08/31/2015) $2.29 NNN Lease $3,449.00 (to 11/30/2016) 2 TV for Less 4/1/2011 3/31/2015 3,000 $1.27 7386 Stockton Blvd #B-C 4 Juanita Tien & Ronnie Ma 7/1/2007 6/30/2015 1,500 $1.53 7386 Stockton Blvd #D 5 Lan Video's and Gift A & D Beauty Supply $1,500.00 $2,300.00 $2,530.00 (to 6/30/15) 1/1/2011 3/31/2014 1,500 $0.86 7386 Stockton Blvd #E 6 $3,800.00 (to 03/31/2015) $1,300.00 $1,200.00 (to 03/31/2014) 11/1/2008 2/28/2016 3,000 $1.25 7386 Stockton Blvd #F-G $3,750.00 $2,805.00 (to 12/31/2014) $1.33 Gross Lease. Gross Lease. NNN Lease $4,000.00 (to 02/28/2016) 7 Salvador Gomez 6/1/2007 7/31/2015 3,000 $1.77 & Jose Bonilla $5,310.00 $5,700.00 (to 07/31/2015) Gross Lease. 7386 Stockton Blvd #H-I 8 Dashers Auto Insurance 1/1/2011 3/31/2017 1,380 $0.82 7386 Stockton Blvd #J $1,138.00 $1,000.00 (to 03/31/2015) $0.85 NNN Lease. (2) 3year options at fair market value $1,175.00 (to 03/31/2016) $0.88 $1,210.00 (to 03/31/2017) 9 Ross Massey 2/1/2015 1/31/2017 1,500 $0.80 7386 Stockton Blvd #K $1,200.00 $1,200.00 (to 01/31/2016) $0.87 7.14% 7.14% 7.14% Gross Gross Gross Gross Lease. 7.14% 7.14% 7.14% Gross Gross Gross 7.14% 7.14% 7.14% NNN NNN NNN 7.14% 7.14% 7.14% NNN Lease NNN NNN NNN Option: 2-5yr @ Fair Market Value 92.16% 92.16% 92.16% $1,300.00 (to 01/31/2017) 10 Ross Massey 1/15/2015 2/28/2016 1,500 $0.00 7386 Stockton Blvd #L $0.00 $1,200.00 (to 02/28/2015) Gross Lease. $1,200.00 (to 02/28/2016) 11 Circle M Market 4/1/2011 6/30/2014 1,500 $1.00 7386 Stockton Blvd #M 12 California Check Cashing $1,500.00 $1,200.00 (to 06/30/2014) 8/25/2006 12/31/2015 1,500 $2.26 7386 Stockton Blvd #N $3,390.00 $3,000.00 (to 12/31/2014) $2.32 NNN Lease $3,490.00 (to 12/31/2015) TOTAL 20,880 TOTAL LEASED 19,380 TOTAL VACANT 1,500 $27,037 $24,140 The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above items before making any investment decisions. Page 4 Financial Summary 7386 Stockton Blvd/6611 Orange Ave, Sacramento Income: __________________ Gross Rental Income: $474,080 Net Charge Reimbursement $36,736 Other Income: Total Income: $ 5,685 $516,502 Vacancy 5%: Effective Gross Income: ($ 25,825) $490,676 Expenses: ________ Fire Monitoring Storm Drainage Life Safety Life Safety Telephone Water Sewer Electricity Landscaping Pest Control P.M. Fees @ 4% Property Insurance Property Taxes (Actual 2013-14) Repairs & Maintenance Maintenance Reserve TOTAL EXPENSES $ 1,967 $ 2,434 $ 709 $ 4,120 $ 17,049 $ 8,224 $ 6,392 $ 6,000 $ 840 $ 19,627 $ 4,355 $ 32,268 $ 11,589 $ 5,000 $ 120,574 Net Operating Income: $ 370,102 N.O.I. 370,102 ÷ 7.7% CAP Rate = $5,287,171.00 Proposed Debt Service: Down Payment 25%: New Loan Amount: Interest Rate: Amortization: Monthly Payment: Annual Payment: Cash Flow: $1,587,141 $3,700,000 5.00% 30 Years $19,862 $238,349 Cash on Cash Return: The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above items before making any investment decisions. ($467,829) $131,753 8.30% Page 7 Traffic Count 7386 Stockton Blvd/6611 Orange Ave, Sacramento Page 8 Property Photos 7386 Stockton Blvd/6611 Orange Ave, Sacramento Page 9 Property Photos 7386 Stockton Blvd/6611 Orange Ave, Sacramento Page 10 Property Photos 7386 Stockton Blvd/6611 Orange Ave, Sacramento Page 11 Property Photos 7386 Stockton Blvd/6611 Orange Ave, Sacramento Page 12 Aerial Photo 7386 Stockton Blvd/6611 Orange Ave, Sacramento Sunrise Gold Cir. The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above items before making any investment decisions. Page 13 Parcel Map 7386 Stockton Blvd/6611 Orange Ave, Sacramento The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above items before making any investment decisions. Page 14 Area Maps 7386 Stockton Blvd/6611 Orange Ave, Sacramento The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above items before making any investment decisions. Page 15