FOR SALE - Nai Capitalnaicapital.com/Ontario/Nchang/135Klug/135Klug.pdf135 Klug Circle is currently...
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135 – 155 Klug Circle Corona, CA 92880 FOR SALE Two freestanding USDA Certified food processing buildings totaling approximately 37,927 SF on 1.78 Acres Nicholas Chang, CCIM Senior Vice President 909-243-7614 [email protected] CA BRE Lic. #01344844 Richard Lee Senior Vice President 909-243-7601 [email protected] CA BRE Lic. #01757870 Andy Batcheller Senior Vice President 949-468-2378 [email protected] CA BRE Lic. #00872050 The information provided herein is taken from third party sources deemed reliable. While we have no reason to doubt its accuracy, it is in no way guaranteed. Owner and broker make no representations nor warranties as to the accuracy of the content of this publication. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.
Transcript of FOR SALE - Nai Capitalnaicapital.com/Ontario/Nchang/135Klug/135Klug.pdf135 Klug Circle is currently...
135 – 155 Klug CircleCorona, CA 92880
FOR SALE
Two freestanding USDA Certified food processing buildings totaling approximately 37,927 SF on 1.78 Acres
Nicholas Chang, CCIMSenior Vice President
CA BRE Lic. #01344844
Richard LeeSenior Vice President
[email protected] BRE Lic. #01757870
Andy BatchellerSenior Vice President
CA BRE Lic. #00872050
The information provided herein is taken from third party sources deemed reliable. While we have no reason to doubt its accuracy, it is in no way guaranteed. Owner and broker make no representations nor warranties as to the accuracy of the content of this publication. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.
Property Features
135 – 155 Klug CircleCorona, CA 92880
FOR SALEA rare opportunity to acquire two (2) freestanding USDA certified food processing buildings. This property features modern concrete tilt up design with high end glass lines and appealing HQ-like look and feel.
135 Klug Circle 155 Klug Circle TotalBuilding Footprint: 16,723 SF 16,514 SF 33,237 SF
Mezzanine Area: 1,800 SF 2,890 SF 4,690 SFRentable Sq. Ft.: 18,523 SF 19,404 SF 37,927 SF
Food Improvements:Processing Area SF: 7,341 3,990 11,331Frigeration Area SF: Included above 4,877 4,877
Freezer Area SF: 593 308 901Build out area SF: 900 843 1,743
Loading 2 Grade Level / 1 Dock High
2 Grade Level / 1 Dock High
4 Grade Level / 2 Dock High
Power: 400 Amps, 277-480V 3 Phase
800 Amps, 277-480V 3 Phase
1,200 Amps, 277-480V 3 Phase
Sprinkler Density: 0.37 / 2,000 0.37 / 2,000 0.37 / 2,000Warehouse Height: 24’ Minimum 24’ Minimum 24’ Minimum
Land Area: - - 1.78 AcresConstruction Type: Concrete Tilt up Concrete Tilt up Concrete Tilt up
Private Yard: Yes Yes YesYear Built: 1997 1997 1997
Zoning: M2-General Industrial
M2-General Industrial
M2-General Industrial
The information provided herein is taken from third party sources deemed reliable. While we have no reason to doubt its accuracy, it is in no way guaranteed. Owner and broker make no representations nor warranties as to the accuracy of the content of this publication. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.
* The current USDA certification will not be transferred to new owner. USDA certification requirements will vary based on the proposed use and new owner will have to re-apply.
Site Plan – 135 Klug Circle
135 Klug Circle
Building Footprint: 16,723 SFMezzanine Area: 1,800 SFRentable Sq. Ft.: 18,523 SF
Food Improvements:Processing Area SF: 7,341Frigeration Area SF: Included above
Freezer Area SF: 593Build out area SF: 900
Loading 2 Grade Level / 1 Dock High
Power: 400 Amps, 277-480V 3 Phase
Sprinkler Density: 0.37 / 2,000Warehouse Height: 24’ Minimum
Land Area: -Construction Type: Concrete Tilt up
Private Yard: YesYear Built: 1997
Zoning: M2-General Industrial
135 – 155 Klug CircleCorona, CA 92880
FOR SALE
First Floor Second Floor
The information provided herein is taken from third party sources deemed reliable. While we have no reason to doubt its accuracy, it is in no way guaranteed. Owner and broker make no representations nor warranties as to the accuracy of the content of this publication. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.
Site Plan – 155 Klug Circle
155 Klug Circle
Building Footprint: 16,514 SFMezzanine Area: 2,890 SFRentable Sq. Ft.: 19,404 SF
Food Improvements:Processing Area SF: 3,990Frigeration Area SF: 4,877
Freezer Area SF: 308Build out area SF: 843
Loading 2 Grade Level / 1 Dock High
Power: 800 Amps, 277-480V 3 Phase
Sprinkler Density: 0.37 / 2,000Warehouse Height: 24’ Minimum
Land Area: -Construction Type: Concrete Tilt up
Private Yard: YesYear Built: 1997
Zoning: M2-General Industrial
135 – 155 Klug CircleCorona, CA 92880
FOR SALE
First Floor Second Floor
The information provided herein is taken from third party sources deemed reliable. While we have no reason to doubt its accuracy, it is in no way guaranteed. Owner and broker make no representations nor warranties as to the accuracy of the content of this publication. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.
The information provided herein is taken from third party sources deemed reliable. While we have no reason to doubt its accuracy, it is in no way guaranteed. Owner and broker make no representations nor warranties as to the accuracy of the content of this publication. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.
135 – 155 Klug CircleCorona, CA 92880
FOR SALE
Square Feet $ PSF Total AmountLand: 77,537 $13.00 $1,007,978
Hard CostsBuilding Shell: 33,237 $55.00 $1,828,035
Ground Finished Office Area & Restrooms: 4,690 $80.00 $375,200Mezzanine Deck and Office Area: 4,690 $125.00 $586,250
Warehouse Lighting: $50,000Power / Electrical $50,000
Off Site Work: 77,537 $3.00 $232,611Total Hard Costs: 37,927 $82.32 $3,122,096
Soft CostsArchitect & Engineering: 37,927 $3.00 $113,781
Permits & Fees: 37,927 $8.00 $303,416Const. Interest: 37,927 $4.20 $159,268.19
Developer Fee (15%): 37,927 $18.08 $685,841Property Taxes: 77,537 $0.17 $13,104
Insurance: 37,927 $0.20 $7,585Operating Deficit: 37,927 $0.66 $25,031Total Soft Costs: 37,927 $34.31 $1,308,106.19
Specialized Food ImprovementsProcessing 11,331 $100.00 $1,133,100
Build out / Kitchen 1,743 $80.00 $139,440Frigeration 4,877 $80.00 $390,160
Freezer 901 $120 $108,120Total Food Improvements 18,852 $93.93 $1,770,820
TOTAL REPLACEMENT VALUE: 37,927 $190.08 $7,209,000.19
A Unique Opportunity
135 – 155 Klug Circle, Corona offers the buyer a unique owner-user / investment opportunity by allowing a Buyer to acquire two (2) freestanding state of the art food processing facilities on one parcel. 135 Klug Circle is currently leased on a month-to-month basis with a Tenant paying $14,100 per month NNN. 155 Klug Circle is currently leased to a Tenant paying $13,500 per month NNN, with a term expiring on December 31, 2016, and one option to extend the lease until December 31, 2019.
Significantly BELOW Replacement Cost
This property is offered to the market at a cost significantly below replacement cost due to the in-place state of the art food processing improvements.
SITE
135 – 155 Klug CircleCorona, CA 92880
FOR SALE
The information provided herein is taken from third party sources deemed reliable. While we have no reason to doubt its accuracy, it is in no way guaranteed. Owner and broker make no representations nor warranties as to the accuracy of the content of this publication. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.
Commerce 500 Citadel Dr., Ste. 100 Los Angeles, CA 90040
San Fernando Valley - HQ 16001 Ventura Blvd., Ste. 200 Encino, CA 91436
Inland Empire 800 N. Haven Dr., Ste. 400 Ontario, CA 91764
Orange County 1920 Main St., Ste. 100 Irvine, CA 92614
Palm Desert 75-410 Gerald Ford Dr., Ste. 200 Palm Desert, CA 92211
Pasadena 225 S. Lake Ave., Ste. 1170 Pasadena, CA 91101
San Gabriel Valley East 21660 E. Copley Dr., Ste. 320 Diamond Bar, CA 91765
LA North 27451 Tourney Road, Ste. 200 Valencia, CA 91355
Simi Valley 2655 First Street, #250 Simi Valley, CA 93065
South Bay 970 W. 190th St. Dr., Ste. 100 Torrance, CA 90502
Temecula Valley 38605 Calistoga Dr., Ste. 150 Murrieta, CA 92563
Ventura County 300 Esplanade Dr., Ste. 1660 Los Angeles, CA 90040
Victorville 13911 Park Avenue, Suite 206 Victorville, CA 92392
West Los Angeles 11835 W Olympic Blvd., Suite 700E Los Angeles, CA 90064
Property Management Contact: Gail Robinson-Henry 1920 Main Street, Suite 100 Irvine, CA 92614
CALIFORNIALA North
Ventura County
Westlake Village
Inland Empire
Palm Desert
Temecula Valley
SFV HQCommerce
Orange CountyPasadena
San Gabriel Valley EastSimi ValleySouth Bay
West Los Angeles
The information provided herein is taken from third party sources deemed reliable. While we have no reason to doubt its accuracy, it is in no way guaranteed.
Owner and broker make no representations nor warranties as to the accuracy of the content of this publication. This information is submitted subject to errors,
omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Co-
operating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should
independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute
reliable sources of the information described herein.
Victorville
Exclusively Listed by:
Nicholas Chang, CCIMSenior Vice President
CA BRE Lic. #01344844
Richard LeeSenior Vice President
CA BRE Lic. #01757870
Andy BatchellerSenior Vice President
949-468-2378 [email protected]
CA BRE Lic. #00872050
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