Panda/Sprint Building€¦ · Panda/Sprint Building CONTENTS Exclusively Marketed by: Jeffrey Helm...
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Panda/Sprint Building 1260 Bridge St, Yuba City CA 95991 O F F E R I N G M E M O R A N D U M
Transcript of Panda/Sprint Building€¦ · Panda/Sprint Building CONTENTS Exclusively Marketed by: Jeffrey Helm...
Panda/Sprint Building1260 Bridge St, Yuba City CA 95991
O F F E R I N G M E M O R A N D U M
Panda/Sprint BuildingCONTENTS
Exclusively Marketed by:
Jeffrey HelmBrokerLic: 01428618(530) [email protected]
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.
01 Executive Summary Investment Summary 4 Location Summary 5
02 Property Description Property Features 7 Aerial Map 8 Parcel Map 9
03 Rent Roll Rent Roll Details 11 Lease Expiration 12 Tenant Profile 13
04 Demographics Demographics 15
Panda/Sprint Building | Executive Sum
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Executive Summary
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Investment Summary
Location Summary
Panda/Sprint Building Investment Summary | 04
OFFERING SUMMARYADDRESS 1260 Bridge St
Yuba City CA 95991COUNTY SutterMARKET Yuba CitySUBMARKET SacramentoGLA (SF) 4,200LAND SF 33,541 SFYEAR BUILT 2019APN 52-130-46OWNERSHIP TYPE Fee Simple
FINANCIAL SUMMARYOFFERING PRICE $3,500,000PRICE PSF $833.33OCCUPANCY 100 %NOI (CURRENT) $173,436CAP RATE (CURRENT) 4.96 %
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2018 Population 16,089 78,525 109,6232018 Median HH Income $41,402 $53,050 $50,9212018 Average HH Income $53,944 $72,402 $68,970
Corporate lease
New construction 2019
No lease rollover for 10 years
Panda/Sprint Building Location Summary | 05
Panda/Sprint Building | Property D
escription
Property Description
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Property Features
Aerial Map
Parcel Map
Additional Maps
Property Images
Panda/Sprint Building Property Features | 07
PROPERTY FEATURESNUMBER OF TENANTS 2GLA (SF) 4,200LAND SF 33,541LAND ACRES .77YEAR BUILT 2019# OF PARCELS 1ZONING TYPE C3NUMBER OF STORIES 1NUMBER OF BUILDINGS 1TRAFFIC COUNTS Bridge E/W 19,879 ADT | HWY 99
65,000 ADT
CONSTRUCTIONFOUNDATION Reinforced Concrete SlabFRAMING WoodEXTERIOR Stucco, rockPARKING SURFACE AshphaltLANDSCAPING Shrub, trees, rock
TENANT INFORMATIONMAJOR TENANT/S Sprint, Panda ExpressSHADOW ANCHOR Bank of Feather River, Habit BurgerLEASE TYPE NNN
Panda/Sprint Building Aerial Map | 08
Panda/Sprint Building Parcel Map | 09
Panda/Sprint Building | R
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Rent Roll
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Rent Roll Details
Lease Expiration Summary
Tenant Profile
Panda/Sprint Building Rent Roll Details | 11
Lease Term Rental RatesSuite Tenant Name Square
Feet% of GLA Lease Start Lease End Begin Date Monthly
Base RentMonthlyPSF
Annual BaseRent
AnnualPSF
Lease Type Options/Notes
A Panda Express 2,180 51.90% 05/01/19 04/30/34 CURRENT $8,393 $3.85 $100,716 $46.20 NNN 3 Options for 5 year leaseextension
05/01/2024 $9,243 $4.24 $110,918 $50.88
05/01/2029 $10,159 $4.66 $121,906 $55.92
B Sprint 2,020 48.10% 06/01/19 05/31/29 CURRENT $6,060 $3.00 $72,720 $36.00 NNN06/01/2024 $6,666 $3.30 $79,992 $39.60
Totals 4,200 $14,453 $173,436
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Panda/Sprint Building Tenant Profile | 13
Name ValueTrade Name SprintHeadquartered Overland Park, KSWebsite www.sprint.com# of Locations 4500
DescriptionSprint Corporation is the fourth United States largest telecommunication company. The company’smain activity is wireless communication service provision. The company provides services ofwireless voice communication and message exchanging, broadband services through its subsidiarycompanies Boost Mobile, Virgin Mobile, Assurance Wireless and wholesale access to its wirelessnetworks for virtual mobile network operators.
Today, Sprint Corporation’s income is more than $32.18 billion, about 30 thousand employees workfor the company.
Name ValueTrade Name Panda ExpressHeadquartered Rosemead, CAWebsite www.pandaexpress.com# of Locations 1750
DescriptionPanda Restaurant Group, the world leader in Asian dining experiences and parent company ofPanda Inn, Panda Express and Hibachi-San, is dedicated to becoming a world leader in peopledevelopment. Whether through sharing good food with guests or providing opportunities forprofessional and personal growth with associates, all are embraced in a genuine family environmentthat is uniquely Panda.
Panda/Sprint Building | D
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Demographics
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Demographic Details
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POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 12,598 63,389 88,717
2010 Population 15,704 75,899 105,928
2018 Population 16,089 78,525 109,623
2023 Population 16,434 80,742 113,065
2018 African American 368 2,205 3,468
2018 American Indian 264 1,188 1,789
2018 Asian 3,312 13,859 16,966
2018 Hispanic 5,815 23,421 33,812
2018 White 7,761 43,527 61,938
2018 Other Race 3,221 12,378 17,484
2018 Multiracial 1,128 5,102 7,602
2018-2023: Population: Growth Rate 2.15 % 2.80 % 3.10 %
2018 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 934 3,334 4,719
$15,000-$24,999 723 3,041 4,413
$25,000-$34,999 562 2,590 3,788
$35,000-$49,999 817 3,467 5,028
$50,000-$74,999 978 4,716 6,710
$75,000-$99,999 660 3,265 4,336
$100,000-$149,999 421 3,432 4,475
$150,000-$199,999 108 1,616 1,904
$200,000 or greater 68 1,032 1,264
Median HH Income $41,402 $53,050 $50,921
Average HH Income $53,944 $72,402 $68,970
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 4,883 23,535 32,468
2010 Total Households 5,215 25,733 35,473
2018 Total Households 5,271 26,492 36,637
2023 Total Households 5,366 27,192 37,757
2018 Average Household Size 3.05 2.93 2.96
2000 Owner Occupied Housing 2,043 12,546 17,085
2000 Renter Occupied Housing 2,621 9,878 13,659
2018 Owner Occupied Housing 1,935 13,941 19,127
2018 Renter Occupied Housing 3,336 12,552 17,510
2018 Vacant Housing 514 2,014 2,927
2018 Total Housing 5,785 28,506 39,564
2023 Owner Occupied Housing 2,166 15,116 20,859
2023 Renter Occupied Housing 3,200 12,077 16,899
2023 Vacant Housing 539 2,131 3,094
2023 Total Housing 5,905 29,323 40,851
2018-2023: Households: Growth Rate 1.80 % 2.60 % 3.00 %
Source: esri
Panda/Sprint Building
CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum is proprietary and strictly confidential. It isintended to be reviewed only by the party receiving it from Helm Properties and it should not be made availableto any other person or entity without the written consent of Helm Properties.
By taking possession of and reviewing the information contained herein the recipient agrees to hold and treatall such information in the strictest confidence. The recipient further agrees that recipient will not photocopy orduplicate any part of the offering memorandum. If you have no interest in the subject property, pleasepromptly return this offering memorandum to Helm Properties. This offering memorandum has been preparedto provide summary, unverified financial and physical information to prospective purchasers, and to establishonly a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. Helm Propertieshas not made any investigation, and makes no warranty or representation with respect to the income orexpenses for the subject property, the future projected financial performance of the property, the size andsquare footage of the property and improvements, the presence or absence of contaminating substances,PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of theimprovements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans orintentions to continue its occupancy of the subject property.
The information contained in this offering memorandum has been obtained from sources we believe reliable;however, Helm Properties has not verified, and will not verify, any of the information contained herein, nor hasHelm Properties conducted any investigation regarding these matters and makes no warranty orrepresentation whatsoever regarding the accuracy or completeness of the information provided. All potentialbuyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shallbe responsible for their costs and expenses of investigating the subject property.
Exclusively Marketed by:
Jeffrey HelmBrokerLic: 01428618(530) [email protected]
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