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Industrial Property For Sale
4361 Caterpillar RdRedding, CA 96003
700 South Flower Street, Suite 2526rosanopartners.com
Korena Ellis George Cornelson213.802.0238 [email protected] [email protected]
PRESENTED BY:
3PROPERTY INFORMATION
9LOCATION INFORMATION
13FINANCIAL ANALYSIS
16DEMOGRAPHICS
TABLE OF CONTENTS
Redding, CA 960034361 Caterpillar Rd
700 South Flower Street, Suite 2526rosanopartners.com
Confidentiality & Disclaimer Contents
All materials and information received or derived from Rosano Partners, LLC itsdirectors, officers, agents, advisors, affiliates and/or any third party sources areprovided without representation or warranty as to completeness , veracity, oraccuracy, condition of the property, compliance or lack of compliance with applicablegovernmental requirements, developability or suitability, financial performance of theproperty, projected financial performance of the property for any party’s intended useor any and all other matters.
Neither Rosano Partners, LLC its directors, officers, agents, advisors, or affiliates makesany representation or warranty, express or implied, as to accuracy or completeness ofthe any materials or information provided, derived, or received. Materials andinformation from any source, whether written or verbal, that may be furnished forreview are not a substitute for a party’s active conduct of its own due diligence todetermine these and other matters of significance to such party. Rosano Partners, LLCwill not investigate or verify any such matters or conduct due diligence for a partyunless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged toverify all information and to conduct their own inspections and investigations includingthrough appropriate third party independent professionals selected by such party. Allfinancial data should be verified by the party including by obtaining and readingapplicable documents and reports and consulting appropriate independentprofessionals. Rosano Partners, LLC makes no warranties and/or representationsregarding the veracity, completeness, or relevance of any financial data orassumptions. Rosano Partners, LLC does not serve as a financial advisor to any partyregarding any proposed transaction. All data and assumptions regarding financialperformance, including that used for financial modeling purposes, may differ fromactual data or performance. Any estimates of market rents and/or projected rents thatmay be provided to a party do not necessarily mean that rents can be established ator increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issuesin order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questionsshould be discussed by the party with a certified public accountant or tax attorney.Title questions should be discussed by the party with a title officer or attorney.Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmentalagencies. All properties and services are marketed by Rosano Partners, LLC incompliance with all applicable fair housing and equal opportunity laws.
Rosano Partners //Offering Memorandum
700 South Flower Street, Suite 2526https://rosanopartners.com
Section 1
PROPERTYINFORMATION
700 South Flower Street, Suite 2526rosanopartners.com
PROPERTY OVERVIEWRosano Partners is proud to present a +/- 25,872 Square foot Cannabis Qualified industrial Building in theMountain Lakes industrial Park of Redding, CA. This well-maintained Office/Warehouse was built in 1977and was remodeled in 2016. The front portion of the building is cinder block construction and has a +/-4,272 SF of 2nd floor office and the back portion of the building is insulated steel frame warehouse. It sitson two parcels +/- 1.92 Acres, and has 5 addresses. An excellent candidate for a manufacture/DistributionHub with opportunity to lease out to multiple operators. There are 5 roll up drive in doors great for loadingand unloading securely, and bathrooms in each unit. Warehouse ceiling height is 16 feet and it carries 1200amps at 120/208, 3 phase on 6 meters. Redding has a reasonable cannabis tax of 5% of gross, andproperty taxes are .78%. This is a rare opportunity to acquire a functional well priced asset for cannabisbusiness uses in Shasta County. Its proximity to the interstate 5, makes it an amazing pass though locationto serve the Emerald Triangle with processing and packaging of product.
PROPERTY HIGHLIGHTS
• Qualifies for all Cannabis business uses (except dispensary)!
• 1200 Amps 120/208 V!
• Building is divided into five addresses!
• Amazing location for a manufacture/distribution hub!
• 16’ ceilings in the warehouse!
• Remodeled in 2016!
PROPERTY SUMMARY
Sale Price: $4,950,000
Pro Forma Cap Rate: 12.02%
Building Size: 26,049 SF
Price PSF: $190.03
Lot Size: 83,635 SF
Lot PSF: $59.19
APN's: 114-440-012-000
114-440-013-000
EXECUTIVE SUMMARY
Redding, CA 960034361 Caterpillar Rd
700 South Flower Street, Suite 2526rosanopartners.com
ADDITIONAL PHOTOS
Redding, CA 960034361 Caterpillar Rd
700 South Flower Street, Suite 2526rosanopartners.com
INTERIOR PHOTOS
Redding, CA 960034361 Caterpillar Rd
700 South Flower Street, Suite 2526rosanopartners.com
ADDITIONAL PHOTOS
Redding, CA 960034361 Caterpillar Rd
700 South Flower Street, Suite 2526rosanopartners.com
FLOOR PLAN
Redding, CA 960034361 Caterpillar Rd
Rosano Partners //Offering Memorandum
700 South Flower Street, Suite 2526https://rosanopartners.com
Section 2
LOCATIONINFORMATION
MAP & DESCRIPTION
Redding, CA 960034361 Caterpillar Rd
700 South Flower Street, Suite 2526rosanopartners.com
DESCRIPTION
Redding is in Nothern California in Shasta County about a 2.5 hour drive North from Sacramento. The interstate 5 passes right through the center of the city and is an excellentpass through for the Emerald triangle.
700 South Flower Street, Suite 2526rosanopartners.com
REGIONAL MAP
Redding, CA 960034361 Caterpillar Rd
AERIAL MAP
Redding, CA 960034361 Caterpillar Rd
700 South Flower Street, Suite 2526rosanopartners.com
Rosano Partners //Offering Memorandum
700 South Flower Street, Suite 2526https://rosanopartners.com
Section 3
FINANCIALANALYSIS
700 South Flower Street, Suite 2526rosanopartners.com
FINANCIAL SUMMARY
Redding, CA 960034361 Caterpillar Rd
700 South Flower Street, Suite 2526rosanopartners.com
RENT ROLL
Redding, CA 960034361 Caterpillar Rd
Rosano Partners //Offering Memorandum
700 South Flower Street, Suite 2526https://rosanopartners.com
Section 4
DEMOGRAPHICS
700 South Flower Street, Suite 2526rosanopartners.com
POPULATION 1 MILE 3 MILES 5 MILES
Total population 3,428 29,022 80,758
Median age 45.0 41.5 38.8
Median age (Male) 45.4 41.1 37.9
Median age (Female) 44.8 42.3 40.0
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 1,632 12,837 33,106
# of persons per HH 2.1 2.3 2.4
Average HH income $43,047 $50,810 $53,900
Average house value $193,392 $286,824 $309,356
* Demographic data derived from 2010 US Census
DEMOGRAPHICS MAP & REPORT
Redding, CA 960034361 Caterpillar Rd
700 South Flower Street, Suite 2526rosanopartners.com
* Demographic data derived from 2010 US Census
1 Mile 3 Miles 5 Miles
Total Population 3,428 29,022 80,758
Population Density 1,091 1,026 1,028
Median Age 45.0 41.5 38.8
Median Age (Male) 45.4 41.1 37.9
Median Age (Female) 44.8 42.3 40.0
Total Households 1,632 12,837 33,106
# of Persons Per HH 2.1 2.3 2.4
Average HH Income $43,047 $50,810 $53,900
Average House Value $193,392 $286,824 $309,356
DEMOGRAPHICS MAP
Redding, CA 960034361 Caterpillar Rd
700 South Flower Street, Suite 2526rosanopartners.com
RP ADVANTAGE PAGE 4
Compton, CA 902214502 E Rosecrans AvePresented by:
Korena EllisVice President, Cannabis GroupBRE: 01430539D: 213.802.0238E: [email protected]
George CornelsonSenior Associate, Cannabis GroupBRE: 02017048D: 213.802.0328E: [email protected]
Rosano PartnersLos Angeles Office700 S. Flower St, Suite 2526Los Angeles, CA 90017www.RosanoPartners.com
The information contained in the Marketing and Value Presentation is confidential, furnished
solely for the purpose of a review by a prospective purchaser of the Property, and is not to be
used for any other purpose or made available to any other person without the express written
consent of the Seller or Advisor. Prospective purchasers should also conduct their own due
diligence, including, but not limited to, engineering and environmental inspections, to determine
the condition of the Property and the existence of any potentially hazardous material located
at the Property or used in the construction of maintenance of the building(s) at the Property.