SCANNELL INDUSTRIAL CENTER

SCANNELL
I N DUST R I A L
CENTER
A CBRE NATIONAL PARTNERS INDUSTRIAL INVESTMENT OPPORTUNITY
I
SCANNELL
I N DUST R I A L
CENTER
CLASS A INDUSTRIAL PRE-COMMITMENT OPPORTUNITY TOTALING 285,614 SF § STRATEGIC CENTRAL VALLEY LOCATION WITH DIRECT ACCESS TO HIGHWAYS 99 AND 120
DUPONT COURT // MANTECA, CALIFORNIA
EXECUTIVE SUMMARY
THE OFFERING
CBRE, Inc. (“CBRE”) has been engaged by Scannell Properties to procure a pre-sale purchase
commitment or land sale for a to be developed, Class A industrial building totaling 285,614
square feet in Manteca, California. Scannell Industrial Center is a fully entitled and shovel ready
Scannell Industrial Center offers an excellent location with direct access to Highways 99
and 120 and is less than 7 miles from I-5. The building will offer state-of-the-art features
This is an excellent opportunity to enter into a pre-commitment
for a brand new, Class A industrial building in one of the
tightest submarkets in the Central Valley. This 285,614 SF
building is in the sweet spot of the market with very little
competing product and strong user demand.
including 36’ clear height, ESFR sprinklers, ample car and trailer parking, 50 dock high
doors and 185’ truck court.
P
R
E CT
C O M M E RC
AMERITILE & SLAB
feet of net absorption in 2015 and 5.1 MSF in 2014. This record activity drove the vacancy rate
99
down to 2.7%. In Manteca, the vacancy rate is even lower at only 0.6%.
Entitlements
Completed
Grading Permit
May 2016
Building Permit
Est. June 2016
Building Completed
Est. April 2017
AV
E
PRELIMINARY TIMELINE
285,614 SF
Land Size
19.41 Acres
Dock High Doors
Grade Level Doors
Clear Height
50
2
36’
Year Built
2017
Architect
HPA
Civil Engineer
Parcel Number
Kier & Wright
X
EL
K
EC
NT
CT
SITE
Dupont Court, Manteca, CA
Square Footage
PO
R
PROPERTY OVERVIEW
Address
DU
SP
SCANNELL
1
IX D
HOEN
The Central Valley industrial market is one of the strongest in the region with 6.5 million square
S
I N DUST R I A L
CENTER
site in Spreckels Park, with an expected building completion date 10-12 months from contract.
INVESTMENT THESIS
MO
FFA
TB
LVD
120
ELEVATION RENDERINGS
North Elevation
INVESTMENT HIGHLIGHTS
EXCEPTIONAL DEVELOPMENT PARTNER
State of the Art Industrial Building with Freeway Frontage for Desirable Signage Opportunities
• Scannell Properties is one of today's leading build-to-suit developers. Their high quality
• The 285,614 SF concrete tilt-up building will feature 36’ clearance, ESFR sprinklers, dock
building solutions are designed to fit clients’ needs to increase productivity and enhance
high and grade level loading with a 185’ truck court.
• The 36’ clearance is a desirable feature for E-commerce users as it allows for more vertical
storage needs and potential mezzanine construction.
• Projected LEED Silver Certification - LEED certification provides maximum energy efficiency,
which leads to reduced operating costs and substantial tax benefits. In addition, LEED
operational efficiencies.
• Since 1990, the company has developed 200 projects totaling over 20 million square feet.
• As one of the nation’s leading developers, Scannell Properties offers experienced
leadership, a history of successful commercial development projects, broad geographic
reach and expertise in a wide range of building types.
certification is a marketing advantage that can command higher rental rates when
compared to non-LEED certified buildings.
• Fully entitled and shovel ready site situated on 19.41 acres.
• The Class A building is expected to be complete 10-12 months from commitment.
STRONG DEMAND FOR BUILDINGS IN 200,000 SF – 300,000 SF RANGE
• There continues to be a strong demand for buildings in the 200,000 SF -300,000 SF size
range with approximately 14 requirements in the market.
• Currently only 1 building is available in this size range along with one planned
STRATEGIC INFILL LOCATION
• Strategically located in the Central Valley, which is viewed by many as California’s future
area for growth and development. Located in Manteca, the Property is central to the region
logistically, as well as in terms of its proximity to labor.
• The site offers proximity to three major freeways (Highway 99 and 120 and I-5). The direct
access to the 99 Freeway is a strategic advantage to many users that service the Central Valley.
• Convenient access to the Ports of Oakland/Stockton, as well as direct transportation routes
to service West Coast markets.
EXECUTIVE SUMMARY
South Elevation
building in Tracy.
• Since the beginning of 2014, there have been 13 transactions that have occurred in this
size range. As a result, the vacancy rate for buildings in this size range is currently 2.2%.
2
SCANNELL
AVE
3
WATERLOO
LINDEN
SPRECKELS
I N DUST R I A L
CENTER
LOCAL MAP
DU
PO
NT
CT
SCANNELL INDUSTRIAL CENTER
SURROUNDING OWNERS/TENANTS AERIAL
é
LEGEND
CENTERPOINT
INTERMODAL CENTER
190 ACRE CAMPUS
Tenants
Owners
CLARION/ SEEFRIED I-5
LOGISTICS CENTER (LOI PENDING)
PLANNED ±746,383 SF DIST/WH
Industrial Parks
PACIFIC BUSINESS PARK
5
99
NORTH CROSSROADS BUSINESS PARK
(FORMER PILKINGTON GLASS)
TESLA
EXETER
MEDLINE
EXETER
LATHROP INDUSTRIAL PARK
SWIFT
TRANSPACIFIC
CLARION
TESLA
LBA
FORD
DEL MONTE
US REALTY ADVISORS
JCPENNEY
TESLA
LBA
SPRECKELS
PARK
DELICATO
UBS GLOBAL ASSET MANAGEMENT
HOME DEPOT
CROSSROADS COMMERCE CENTER
PROLOGIS
DUKE
CENTERPOINT PROPERTIES
LBA (UNDER CONSTRUCTION - 517,250 SF)
MARMAXX
DREYER’S
CRANBROOK
PROLOGIS
MANTECA INDUSTRIAL PARK
120
FRITO
LAY
4
AMIR DEVELOPMENT
SCANNELL
I N DUST R I A L
CENTER
EXECUTIVE SUMMARY
IN N OUT
UPRR
STRONG INSTITUTIONAL LOCATION - The Central Valley, and specifically the Manteca/Lathrop area, continue to be a hotspot for high quality tenants
and institutional investors. This demand is expected to continue given the Central Valley’s strong regional transportation links and proximity to the Ports.
REGIONAL MAP
LOCATION HIGHLIGHTS
SCANNELL
I N DUST R I A L
CENTER
LOCAL DISTRIBUTION MILEAGE
5
UPS Hub
15 miles
FedEx Hub (Tracy)
15 miles
Port of Stockton
20 miles
Port of Oakland
65 miles
San Jose
69 miles
San Francisco POA
75 miles
SFO
77 miles
REGIONAL DISTRIBUTION MILEAGE
Port of Stockton
Stockton
15 miles
Sacramento
60 miles
Fresno
112 miles
Reno
189 miles
Los Angeles
333 miles
WEST COAST DISTRIBUTION MILEAGE
SCANNELL INDUSTRIAL CENTER
Las Vegas, NV
591 miles
Portland, OR
640 miles
Phoenix, AZ
704 miles
Salt lake City, UT
707 miles
Seattle, WA
813 miles
INTERMODAL RAIL
UPRR Intermodal Facility
8 miles
BNSF Inermodal Facility
10 miles
DUPO
NT CO
URT
SITE PLAN
EXECUTIVE SUMMARY
POTENTIAL OFFICE
PROPOSED BUILDING
285,614 SF
350’
56' TYP
800’
130’
130’
6
130’
185
LEGEND
OFFICE SPACE
DOCK HIGH DOORS
GRADE LEVEL DOORS
SCANNELL
I N DUST R I A L
CENTER
CAPITAL MARKETS EXPERTS
DARLA LONGO
Vice Chairman/Managing Director
Lic. 00639911
+1 909 418 2105
[email protected]
BARBARA EMMONS
Vice Chairman
Lic. 00969169
+1 213 613 3033
[email protected]
REBECCA PERLMUTTER, CFA
Vice President
Lic. 01838624
+1 310 922 5237
[email protected]
MICHAEL KENDALL
Senior Vice President
Lic. 01895979
+1 909 418 2034
[email protected]
ANDREW BRINER, CCIM
First Vice President
Lic. 01821872
+1 909 418 2281
[email protected]
NATIONAL PARTNERS WEST
DARLA LONGO
BARBARA EMMONS
BRETT HARTZELL
BLAKE RASMUSSEN
Senior Vice President
Lic. 00409987
+1 209 476 2954
[email protected]
TYSON VALLENARI, SIOR, LEED AP
First Vice President
Lic. 01480887
+1 209 476 2920
[email protected]
NORTHEAST
Michael D. Hines
Brian Fiumara
Brad Ruppel
WWW.CBRE.COM/NP
REBECCA PERLMUTTER FINKEL
DEBT & STRUCTURED FINANCE
LOCAL MARKET EXPERTS
MIKE KENDALL
VAL ACHTEMEIER
Executive Vice President
Lic. 01868169
+1 213 613 3109
[email protected]
SOUTHEAST
Chris Riley
Frank Fallon
Brian Budnick
Jennifer Klingler
SOUTH CENTRAL
Jack Fraker
Josh McArtor
Jonathan Bryan
Heather McClain
Ryan Thornton
ANDREW BRINER
GINA CHRISTEN
TAYLOR ODEGARD
NORTH CENTRAL
Mike Caprile
Ted Staszak
Stephanie Park
Kate Dougherty
WEST
Darla Longo
Barbara Emmons
Brett Hartzell
Rebecca Perlmutter
Mike Kendall
Andrew Briner
Taylor Odegard
Gina Christen
DEBT & STRUCTURED FINANCE
Val Achtemeier
Brett Green
Steve Roth
Steve Kundert
Offering integrated real estate capital markets solutions from strategy to execution—delivered by a seamless national partnership
© 2016 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your
responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you
depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your
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