offering memorandum - loopnet · year built: 1982 close of escrow: 1 / 30 / 2018 sales price: $ 1 ,...
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Offering MemorandumOffering Memorandum
AUTOMOTIVE STRIP CENTERAUTOMOTIVE STRIP CENTERAUTOMOTIVE STRIP CENTERAUTOMOTIVE STRIP CENTER4443 Auburn Blvd • Sacramento, CA 958414443 Auburn Blvd • Sacramento, CA 95841
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C EN O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap andshould not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverifiedshould not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverifiedinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough duediligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, thefuture projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's orasbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or anytenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to bereliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding thesematters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures toverify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo orname is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
AUTOMOTIVE STRIP CENTERSacramento, CAACT ID ZAA0030403
2
TABLE OF CONTENTS
AUTOMOTIVE STRIP CENTER
SECTION
INVESTMENT OVERVIEW 01Offering Summary
Regional MapRegional Map
Local Map
Aerial Photo
Parcel Map
FINANCIAL ANALYSIS 02Tenant Summary
Operating Statement
Pricing Detail
MARKET COMPARABLES 03Sales Comparables – Auto Shops
Sales Comparables – Retail Strip Centers
CoStar Lease Comparables
3
AUTOMOTIVE STRIP CENTER
INVESTMENT
OVERVIEWOVERVIEW
4
AUTOMOTIVE STRIP CENTER
EXECUTIVE SUMMARY
OFFERING SUMMARY
EXECUTIVE SUMMARY
MAJOR EMPLOYERS
VITAL DATA
CURRENT PRO FORMA
Price $3,000,000 CAP Rate 3.46% 8.3%EMPLOYER # OF EMPLOYEES
S B M 5,500
Walmart 1,940
American River College 1,815
Mercy San Juan Med Trauma Ctr 1,700
Mercy San Juan Medical Center 1,500
Price $3,000,000 CAP Rate 3.46% 8.3%
Gross Leasable Area (GLA) 20,200 SF Net Operating Income $103,651 $248,851
Price/SF $148.51
Current Occupancy 95.05%Mercy San Juan Medical Center 1,500
Eskaton 1,409
Eskaton Village Care Center 1,000
Homeq Servicing Corporation 1,000
Examinors Office 900
McDonalds 689
Monument Security Inc 600
Year Built / Renovated 1977
Lot Size 1.35 acre(s)
Monument Security Inc 600
Acct Holdings LLC 594
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2018 Estimate Pop 13,577 139,421 369,292
2010 Census Pop 12,890 132,006 349,360
2018 Estimate HH 5,282 56,114 141,674
2010 Census HH 4,954 52,568 132,901
Median HH Income $45,493 $46,689 $50,773
Per Capita Income $26,233 $26,536 $27,352
Average HH Income $66,676 $65,437 $70,882
#5
AUTOMOTIVE STRIP CENTER
OFFERING SUMMARY
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to list exclusively a total of three buildings comprised of a retail strip center and
a separately metered multi-tenant automotive center at a high traffic signalized intersection in Sacramento, CA.
INVESTMENT OVERVIEW
a separately metered multi-tenant automotive center at a high traffic signalized intersection in Sacramento, CA.
The lot is a total of 1.35 acres with a total gross leaseable area of 20,200 square feet.
This is a fully leased asset at below market month-to-month rents for an opportunity to add value for theThis is a fully leased asset at below market month-to-month rents for an opportunity to add value for the
income property investor or for an owner-user.
SBA financing may qualify with a down payment of 10% of purchase price.
INVESTMENT HIGHLIGHTS
SBA financing may qualify with a down payment of 10% of purchase price.
Retail Strip Center & Automotive Use
High Upside / High Traffic Signalized Intersection
Fully Leased - MTM Tenants
INVESTMENT HIGHLIGHTS
Fully Leased - MTM Tenants
14 Units - Separately Metered
New Sheriff Location Directly Across the Street
SBA Financing Possible at 10% Down!
6
REGIONAL MAP
AUTOMOTIVE STRIP CENTER
7
LOCAL MAP
AUTOMOTIVE STRIP CENTER
8
AUTOMOTIVE STRIP CENTER
PROPERTY PHOTO
Marcus & Millichap closes
more transactions than any
other brokerage firm.
129
AUTOMOTIVE STRIP CENTER
FINANCIAL
ANALYSISANALYSIS
10
FINANCIAL ANALYSIS
AUTOMOTIVE STRIP CENTER
TENANT SUMMARYTENANT SUMMARY
Current
11
AUTOMOTIVE STRIP CENTER
MARKET
COMPARABLESAUTO SHOPSAUTO SHOPS
12
AUTOMOTIVE STRIP CENTER
SALES COMPARABLES MAP
AUTOMOTIVE STRIP CENTER(SUBJECT)
JIFFYLUBE
Automotive Shop - 4520 Auburn Blvd
CALIBER COLLISION
1
2
3 CALIBER COLLISION
BIG O TIRES
5880 Pacific St
SMOG BUSTERS
3
4
5
7
6
4500 Auburn Blve
7264 Auburn Blvd
1562 Auburn Blvd
5712 Auburn Blvd
7
8
9
10
10655 Coloma Rd
2528 Tesla Way
4900 Mack Road13
11
12
SALES COMPARABLES
ON MARKET COMPARABLES
13
ON MARKET COMPARABLES
PROPERTY NAMEAUTOMOTIVE STRIP CENTER
SALES COMPARABLESSALES COMPARABLES SALES COMPS AVG
Average Price Per Square Foot
SALES COMPARABLES
ON MARKET COMPARABLES
SALES COMPS AVG
ON MARKET COMPS AVG
$540.00
$600.00
Average Price Per Square Foot
Avg. $276.58$300.00
$360.00
$420.00
$480.00
Avg. $211.57
$60.00
$120.00
$180.00
$240.00
$0.004443 Auburn
BlvdJIFFYLUBE 4520 Auburn
BlvdCALIBER
COLLISIONBIG O TIRES 5880 Pacific
StSMOG
BUSTERS4500 Auburn
Blve7264 Auburn
Blvd1562 Auburn
Blvd5712 Auburn
Blvd10655 Coloma
Rd2528 Tesla
Way4900 Mack
Road
14
PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE STRIP CENTER
SALES COMPARABLES - AUTOSHOP
SALES COMPARABLES ON MARKET COMPARABLES
AUTOMOTIVE STRIP CENTER4443 Auburn Blvd, Sacramento, CA, 95841
JIFFYLUBE4160 Sunrise Blvd, Fair Oaks, CA, 95628
AUTOMOTIVE SHOP - 4520 AUBURN BLVD4520 Auburn Blvd, Sacramento, CA, 95841
4443 Auburn Blvd, Sacramento, CA, 958411 2
rentpropertyname1 rentpropertyname1
Asking Price: $3,000,000
Price/SF: $148.51
Year Built: 1977
Close Of Escrow: 11/15/2018
Sales Price: $885,000
Price/SF: $593.16
Year Built: 1985
Close Of Escrow: 5/31/2019
Sales Price: $600,000
Price/SF: $187.50
Year Built: 1961
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
15
PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE STRIP CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
CALIBER COLLISION7407 Roseville Rd, Sacramento, CA, 95842
BIG O TIRES7800 Auburn Blvd, Citrus Heights, CA, 95610
5880 PACIFIC ST5880 Pacific St, Rocklin, CA, 95677
3 4 5
rentpropertyname1 rentpropertyname1 rentpropertyname1
Close Of Escrow: 12/6/2018
Sales Price: $5,169,000
Price/SF: $206.00
Year Built: Unknown
Close Of Escrow: 9/18/2018
Sales Price: $725,000
Price/SF: $183.54
Year Built: Unknown
Close Of Escrow: 6/14/2019
Sales Price: $1,500,000
Price/SF: $247.97
Year Built: 2007
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
16
PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE STRIP CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
SMOG BUSTERS2590 Valley Rd, Sacramento, CA, 95821
4500 AUBURN BLVD4500 Auburn Blve, Sacramento, CA, 95841
7264 AUBURN BLVD7264 Auburn Blvd, Citrus Heights, CA, 95610
6 7 8
rentpropertyname1 rentpropertyname1 rentpropertyname1
Close Of Escrow: 1/31/2019
Sales Price: $696,697
Price/SF: $348.35
Year Built: 1988
Close Of Escrow: 7/29/2019
Sales Price: $975,000
Price/SF: $169.57
Year Built: 1957
On Market
List Price: $925,000
Price/SF: $171.58
Year Built: 1960
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
17
PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE STRIP CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
1562 AUBURN BLVD1562 Auburn Blvd, Sacramento, CA, 95815
5712 AUBURN BLVD5712 Auburn Blvd, Sacramento, CA, 95841
10655 COLOMA RD10655 Coloma Rd, Rancho Cordova, CA, 95670
9 10 11
rentpropertyname1 rentpropertyname1 rentpropertyname1
On Market
List Price: $685,000
Price/SF: $194.60
Year Built: 1964
On Market
List Price: $850,000
Price/SF: $180.08
Year Built: 1950
On Market
List Price: $1,200,000
Price/SF: $237.62
Year Built: 1962
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
18
PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE STRIP CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
2528 TESLA WAY2528 Tesla Way, Sacramento, CA, 95825
4900 MACK ROAD4900 Mack Road, Sacramento, CA, 95823
12 13
rentpropertyname1 rentpropertyname1 rentpropertyname1
On Market
List Price: $495,000
Price/SF: $269.02
Year Built: 1957
On Market
List Price: $2,100,000
Price/SF: $216.49
Year Built: 1986
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
19
AUTOMOTIVE STRIP CENTER
MARKET
COMPARABLESCOMPARABLESRETAIL STRIP CENTERS
20
AUTOMOTIVE STRIP CENTER
SALES COMPARABLES MAP
AUTOMOTIVE STRIP CENTER(SUBJECT)
Linden Plaza
8516 Auburn Blvd
1701 Santa Clara
1
2
3 1701 Santa Clara
2612 El Camino Ave
2104 El Camino Ave
San Juan Triangle
3
4
5
7
6
2525 Fulton Ave
6201
S & S Market
7
8
9
SALES COMPARABLES
ON MARKET COMPARABLES
21
ON MARKET COMPARABLES
PROPERTY NAMEAUTOMOTIVE STRIP CENTER
SALES COMPARABLESSALES COMPARABLES SALES COMPS AVG
Average Price Per Square Foot
SALES COMPARABLES
ON MARKET COMPARABLES
SALES COMPS AVG
ON MARKET COMPS AVG
$270.00
$300.00
Average Price Per Square Foot
Avg. $201.26
Avg. $160.81
$150.00
$180.00
$210.00
$240.00
$30.00
$60.00
$90.00
$120.00
$0.00Auto Comps Linden
Plaza8516 Auburn
Blvd1701 Santa
Clara Dr2612 El
Camino Ave2104 El
Camino AveSan JuanTriangle
2525Fulton Ave
6201 S & SMarket
22
PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE STRIP CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
AUTOMOTIVE STRIP CENTER4443 Auburn Blvd, Sacramento, CA, 95841
LINDEN PLAZA8500 Auburn Blvd, Citrus Heights, CA, 95610
8516 AUBURN BLVD8516 Auburn Blvd, Citrus Heights, CA, 95610
4443 Auburn Blvd, Sacramento, CA, 958411 2
rentpropertyname1 rentpropertyname1 rentpropertyname1
Asking Price: $3,000,000
Price/SF: $148.51
Year Built: 1977
Close Of Escrow: 10/19/2018
Sales Price: $1,450,000
Price/SF: $152.63
Year Built: 1980
Close Of Escrow: 10/10/2018
Sales Price: $1,578,112
Price/SF: $161.51
Year Built: 1960
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
23
PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE STRIP CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
1701 SANTA CLARA DR1701 Santa Clara Dr, Roseville, CA, 95661
2612 EL CAMINO AVE2612 El Camino Ave, Sacramento, CA, 95821
2104 EL CAMINO AVE2104 El Camino Ave, Sacramento, CA, 95821
3 4 5
rentpropertyname1 rentpropertyname1 rentpropertyname1
Close Of Escrow: 5/31/2018
Sales Price: $3,150,000
Price/SF: $208.31
Year Built: 1982
Close Of Escrow: 1/30/2018
Sales Price: $1,825,000
Price/SF: $282.60
Year Built: 1983
On Market
List Price: $699,000
Price/SF: $165.72
Year Built: 1940
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
24
PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE STRIP CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
SAN JUAN TRIANGLE7433 Greenback Lane, Citrus Heights, CA, 95610
2525 FULTON AVE2525 Fulton Ave, Sacramento, CA, 95821
6201 GREENBACK LN6201 Greenback Ln, Citrus Heights, CA, 95621
6 7 8
rentpropertyname1 rentpropertyname1 rentpropertyname1
On Market
List Price: $2,249,000
Price/SF: $163.73
Year Built: 1984
On Market
List Price: $1,349,000
Price/SF: $187.83
Year Built: 1960
On Market
List Price: $1,175,000
Price/SF: $146.88
Year Built: 1980
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
25
PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE STRIP CENTER
SALES COMPARABLES
SALES COMPARABLES ON MARKET COMPARABLES
S & S MARKET3320 Marysville Blvd, Sacramento, CA, 95838
9
rentpropertyname1 rentpropertyname1 rentpropertyname1
On Market
List Price: $315,000
Price/SF: $139.88
Year Built: 1984
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
26
PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE STRIP CENTER
COSTAR LEASE COMPARABLES
rentpropertyaddress1 rentpropertyaddress1
Full lease comparable report available upon request.
27
Full lease comparable report available upon request.
PROPERTY NAME
MARKETING TEAM
AUTOMOTIVE STRIP CENTER
COSTAR LEASE COMPARABLES
rentpropertyname1 rentpropertyname1 rentpropertyname1
rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1
Full lease comparable report available upon request.
28
Full lease comparable report available upon request.
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