VALUE ADD COMMERCIAL: CLOSE PROXIMITY TO UC DAVIS MED …€¦ · • Close proximity to new UC...

O F F E R I N G M E M O R A N D U M

VALUE ADD COMMERCIAL: CLOSE PROXIMITY TO UC DAVIS MED CENTER3749 Stockto3749 Stockton Bln Blvd, 3751 Stocktovd, 3751 Stockton Bln Blvd, Sacravd, Sacramenmento, CA 95820to, CA 95820

3749 Stockton Bl3749 Stockton Blvd, 3751 Stockton Blvd, 3751 Stockton Blvdvd

Sacramento, CA 95820

Joshua BallesterosInvestment Advisor

O: [email protected]

CalDRE #02010271

03PROPERTYINFORMATION

05FINANCIALANALYSIS

12LOCATIONINFORMATION

16SALECOMPARABLES

21RENTCOMPARABLES

26DEMOGRAPHICS

Table of Contents

nainorcal.com

2

S E C T I O N 1

ProProperty Iperty Innfoformarmatitioonn

PR

OP

ERTY

INFO

RM

ATIO

N

3

Executive Summary

nainorcal.com

4

$875,000SQ FT

4,993 SFFULLY LEASED CAP RATE

6.48%

ProProperty Hperty Hiigghhliligghhtsts

• Close proximity to new UC Davis Med Center. UC Davis MedicalCenter is planning to grow from 3.5 million square feet to 6.2million over the next decade.

• The new $60 million hospital will create 200 new jobs, offerconvenient care for local patients and families, and be located atAggie Square, the university’s newly announced technology andinnovation hub just south of the Medical Center.

• Value Add Opportunity with front office/storefront available.

• Currently leased to Mo Betta Restaurant and Three Trees Inc.

• Three Trees Inc is a Cannabis delivery service with deliverylicense pending with city of Sacramento. Includes back loadingarea and fenced in yard.

• Stockton Blvd, one of the main arteries in the city ofSacramento.

• Tenants on short term leases allow owner the flexibility ofmaintaining property for investment purposes or futuredevelopment potential.

• Restaurant on separate meter, pays own utilities.

Other DetaiOther Detailsls

Cap Rate: 3.46%

NOI: $30,228

Fully Leased NOI: $56,668

Occupancy Rate: 56%

Price / SF: $175

Price/ SF Land: $83

Lot Size: 0.24 AC

Year Built: 1951/1991

APN 015-0242-024-0000,015-0242-023-0000

Zoning: C-2, SP

S E C T I O N 2

FFiinananciancial Al Ananallysisysis

FINA

NC

IAL A

NA

LYS

IS

5

TTenantenantNNameame

UniUnitt(SF)(SF)

%%SFSF

MonthMonthllyyRRent/SFent/SF

MonthMonthllyyRRentent

AnnuaAnnuallRRent/ent/

SFSFAnnuaAnnuall

RRententLeaseLease

ExpExpLeaseLeaseTTypeype

FuFullllyy LeasedLeasedMonth/PSFMonth/PSF

FuFullllyyLeasedLeased

MonthMonthllyyRRentent

FuFulllly Leasedy LeasedAnnuaAnnual Rl Rent/ent/

SFSF

FuFulllly Leasedy LeasedAnnuaAnnual Rl Rentent

FrontOffice(Vacant)

2,200 44% $0.00 $0 $0 $0 MG $1.00 $2,200 $12.00 $26,400

ThreeTrees Inc

1,300 26% $1.54 $2,000 $18.46 $24,000 9/29/2022

MG $1.50 $2,000 $18.46 $24,000

Mo BettaRestaurant

1,500 30% $1.27 $1,900 $15.20 $22,800 7/31/2024

MG $1.27 $1,900 $15.20 $22,800

Totals/Averages

5,000 $9.36 $3,900 $9.36 $46,800 $1.22 $6,100 $14.64 $73,200

Rent Roll

nainorcal.com

6

Income & ExpensesIncome & Expenses AActuactuall FuFulllly Leasedy Leased

Rental Income $46,800 $73,200

Expense BreakdoExpense Breakdownwn AActuactuall FuFulllly Leasedy Leased

Taxes (reassessed upon sale) 1.58% $13,652 $13,652

Insurance $2,500 $2,500

Utilities $360 $360

* Restaurant Pays Own Utilities -- --

Total Expenses $16,512 $16,512

VVaalluauationtion AActuactuall FuFulllly Leasedy Leased

Cap Rate 3.46% 6.48%

Net Operating Income $30,288 $56,688

Price $875,000 $875,000

Financial Summary

nainorcal.com

7

Additional Photos

nainorcal.com

8

Additional Photos

nainorcal.com

9

Additional Photos

nainorcal.com

10

Additional Photos

nainorcal.com

11

S E C T I O N 3

LocaLocatitioon In Innfoformarmatitioonn

LOC

ATIO

N IN

FOR

MA

TION

12

Points of Interest

nainorcal.com

13

Regional Map

nainorcal.com

14

HHiigghhliligghhtsts

• Sacramento is capital to the 5th largest global economy.

• 6th largest major metro in California.

• 17% Job Growth Projection 2015-2023.

• 27% percent with bachelor degree or higher.

• Sacramento County's population is expected to grow from 1.44million in 2013 to 1.58 million in 2023, a 9.4 percent increase

• (SACTO 2014/2015 Regional Report).

• The Sacramento region moved from 6th to 5th in the UnitedStates in the 2014 Clean Tech Leadership Index.

• The Wall Street Journal called Sacramento one of the next greatplaces to eat in the United States (March 2015).

• Sacramento ranked No. 8 on the Fit Cities Index(Betterdoctor.com, 2015).

• The gross value of agricultural production in Sacramento Countyin 2013 was $457.3 million, with wine grapes topping the list ofproducts at $141.2 million.

• The California Chapter of the American Planning Associationnamed the 32-mile American River Parkway trail as one of threeinaugural "Great Places in California" in 2015.

• For 3 years in a row, Sacramento International Airport has beenranked 4th in North America for customer service by AirportsCouncil International (ACI), the international trade association forcommercial airports. (ACI, 2015).

Sacramento Highlights

nainorcal.com

15

S E C T I O N 4

SaSalle Coe Commpaparablrableses

SALE C

OM

PAR

AB

LES

16

SSubject Proubject Propertyperty3749 Stockton Blvd, 3751 Stockton Blvd | Sacramento, CA 95820

$875,000Sale Price: $175.25Price PSF: 4,993 SFBuilding SF:

1951Year Built: 0.24 AcresLot Size:

--

13441 Stockton Bl3441 Stockton BlvdvdSacramento, CA 95820

$226,000Sale Price: 06/01/2019Closed: $200.00Price PSF:

1,130 SFBuilding SF: 1910Year Built: 0.24 AcresLot Size:

11

Sale Comps

nainorcal.com

17




22




33

Sale Comps

nainorcal.com

18

SSubject Proubject Propertyperty PricePrice Bldg SFBldg SF Price/SFPrice/SF CAPCAP # of Uni# of Unitsts

VALUE ADD COMMERCIAL: CLOSE PROXIMITY TO NEW UC DAVIS MEDCENTER3749 Stockton Blvd, 3751 Stockton BlvdSacramento, CA 95820

$875,000 4,993 SF $175.25 - 3

SaSale Compsle Comps PricePrice Bldg SFBldg SF Price/SFPrice/SF CAPCAP # of Uni# of Unitsts CloseClose

13441 Stockton BlvdSacramento, CA95820

$226,000 1,130 SF $200.00 - - 06/01/2019


$525,000 3,440 SF $152.62 - 1 09/06/2018


$880,000 3,685 SF $238.81 - 1 11/27/2019

PricePrice Bldg SFBldg SF Price/SFPrice/SF CAPCAP # of Uni# of Unitsts CloseClose

Totals/Averages $543,667 2,752 SF $197.55 - 1

Sale Comps Summary

nainorcal.com

19

1Sacramento, CA95820

3441 Stockton Blvd 2Sacramento, CA95820

3701 Stockton Blvd

3Sacramento, CA95820

3800 Stockton Blvd

3749 Stockton Blvd, 3751 Stockton Blvd | Sacramento, CA 95820SSubject Proubject Propertyperty

Sale Comps Map

nainorcal.com

20

S E C T I O N 5

RRenent Cot Commpaparablrableses

REN

T CO

MPA

RA

BLES

21

15015-5037 Stockton Bl5015-5037 Stockton BlvdvdSacramento, CA 95820

$12.00 SF/YRLease Rate: Modified GrossLease Type: 1,022 SFSpace Size:

1961Year Built: 13,332 SFBldg Size: 0.83 AcresLot Size:

11




22




33

Rent Comps

nainorcal.com

22




44

Rent Comps

nainorcal.com

23

SSubject Proubject Propertyperty Price/SF/YRPrice/SF/YR AAvaivailable SFlable SF Bldg SFBldg SF # of Uni# of Unitsts OccuOccupancy %pancy %

VALUE ADD COMMERCIAL:CLOSE PROXIMITY TO NEW UCDAVIS MED CENTER3749 Stockton Blvd, 3751Stockton BlvdSacramento, CA 95820

N/A 0 SF 4,993 SF 3 -

RRent Compsent Comps Price/SF/YRPrice/SF/YR AAvaivailable SFlable SF Bldg SFBldg SF # of Uni# of Unitsts OccuOccupancy %pancy %

15015-5037 Stockton BlvdSacramento, CA95820

$12.00 1,022 SF 13,332 SF - -


$12.00 1,000 SF 3,696 SF - -


$15.00 2,400 SF 4,800 SF - -


$18.00 1,600 SF 14,575 SF - -

Price/SF/YRPrice/SF/YR AAvaivailable SFlable SF Bldg SFBldg SF # of uni# of unitsts OccuOccupancy %pancy %

Totals/Averages $14.25 1,506 SF 9,101 SF 0 0%

Rent Comps Summary

nainorcal.com

24

1 5015-5037 Stockton BlvdSacramento, CA95820

2 5880 Stockton BlvdSacramento, CA95824



3749 Stockton Blvd, 3751 Stockton Blvd | Sacramento, CA 95820SSubject Proubject Propertyperty

Rent Comps Map

nainorcal.com

25

S E C T I O N 6

DemograDemographphiicscs

DEM

OG

RA

PH

ICS

26

RRadiadiusus 1 Mi1 Milele 3 Mi3 Milesles 5 Mi5 Milesles

Population -- -- --

2025 Projection 25,292 184,808 432,481

2020 Estimate 24,249 177,258 414,162

2010 Census 22,193 162,584 375,535

Growth 2019 - 2024 4.30% 4.26% 4.42%

Growth 2010 - 2019 9.26% 9.03% 10.29%

2020 Avg Household Income $65,127 $82,570 $78,006

2020 Med Household Income $49,185 $59,108 $55,578

202 Households by HH Income 8,950 70,790 161,483

<$25,000 2,485 16,973 40,031

$25,000 - $50,000 2,068 14,261 34,365

$50,000 - $75,000 1,552 10,595 25,768

$75,000 - $100,000 1,142 8,983 19,685

$100,000 - $125,000 631 6,378 13,791

$125,000 - $150,000 453 4,112 8,536

$150,000 - $200,000 393 4,415 9,455

$200,000+ 226 5,073 9,852

2020 Median Home Value $317,792 $389,091 $360,289

Demographics Map & Report

nainorcal.com

27

StreetStreet CrossCross StreetStreet Cross Str DistCross Str Dist Count YCount Yearear AAvg Daivg Dailly Voly Volumeume VolVolume Tume Typeype MiMiles From Sles From Subject Proubject Propp

12th Ave 50th St 0.05 E 2018 439 MPSI .07

47th St 12th Ave 13th Ave Aly 0.01 N 2018 968 MPSI .10

50th St 12th Ave 13th Ave Aly 0.01 N 2018 124 MPSI .10

11th Ave Stockton Blvd 50th St 0.05 W 2018 1,614 MPSI .11

50th St 11th Ave 12th Ave Aly 0.01 N 2018 1,013 MPSI .12

14th Ave 47th St 0.04 E 2012 8,385 ADT .14

50th St 14th Ave 0.03 N 2016 269 MPSI .15

12th Ave 50th St 0.05 W 2018 770 MPSI .15

14th Ave 50th St 0.05 W 2018 8,024 MPSI .18

13th Ave 45th St 0.03 W 2012 1,419 AADT .23

Traffic Count

nainorcal.com

28

Confidentiality & Disclosure

nainorcal.com

29

The information contained in the following investment summary is proprietary and strictly confidential. It is intended to be reviewed only by the partyreceiving it from NAI Northern California Investment Real Estate Brokerage and should not be made available to any other person or entity without thewritten consent of the broker. This investment summary has been prepared to provide concise, unverified information to prospective purchasers and toestablish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligenceinvestigation. The broker has not made any investigation, and makes to warranty or representation, with respect to the income or expenses for thesubject property, the future projected financial performance of the property, the size and square footage of the property and improvements, thepresence or absence of contaminating substances, PCBs, or asbestos, the compliance with state and federal regulations, the physical condition ofimprovements thereon, the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue occupancy of thesubject property.

The information contained in this marketing brochure has been obtained from sources we believe to be reliable. However, the broker has not verified,and will not verify, any of the information contained herein, nor has the broker conducted any investigation regarding these matters, and makes nowarranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must takeappropriate measures to verify all of the information set forth herein.

For More InformaFor More Informationtion

Joshua BallesterosInvestment AdvisorO: [email protected] #02010271

VALUE ADD COMMERCIAL: CLOSE PROXIMITY TO UC DAVIS MED …€¦ · • Close proximity to new UC...

Documents

Transcript of VALUE ADD COMMERCIAL: CLOSE PROXIMITY TO UC DAVIS MED …€¦ · • Close proximity to new UC...