multi-tenant industrial leased investment · the information contained in the following marketing...

327 W. E Street, Colton, California 92324

Mult i -Tenant Industr ia l Leased Investment Offering Memorandum

Offering Memorandum

Multi-Tenant Industrial Leased Investment 327 W. E Street, Colton, California 92324



The 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 Lee & Associates – On-tario and should not be made available to any other person or entity without the written consent of Lee & Associates-Ontario. This Marketing Brochure has been prepared to provide summary, unveri-fied information 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 due diligence investigation. Lee & Associates-Ontario has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future project-ed financial performance of the property, the size and square footage of the property and improve-ments, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the fi-nancial condition or business prospects of any tenant, or any tenants 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 be reliable, however, Lee & Associates-Ontario has not verified, and will not verify, any of the information contained herein, nor has Lee & Associates-On-tario conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.

Confidentiality Agreement

1Lee & Associates

3535 Inland Empire Blvd Ontario, CA 91764

Corporate ID #00976995 www.lee-assoc.com

F o r M o r e I n f o r m a t i o n , P l e a s e C o n t a c t :

Bar re t Woods , Sen io r V i ce Pres ident - Pr inc ipa l(909) 373 .2921 | bwoods@lee -assoc .com | DRE# 01355354



Table of Contents

1. EXECUTIVE SUMMARY • The Offering • Investment Highlights 2. PROPERTY INFORMATION • Description • Site Plan • Aerial • Map

3. TENANCY • Rent Roll

4. LOCATION • Inland Empire Overview • Demographics

2Lee & Associates







Executive Summary

3Lee & Associates







The Offering

Lee & Associates®-Ontario is pleased to offer an exciting opportunity to acquire a freestanding Multi-Tenant Industrial Building. The total building size is approximately ±7,500 square feet in the highly desirable Inland Empire Industrial market, of San Bernardino County. Leased to a mix of four different tenants, the investment provides pluersifide. With recent cosmetic enhancements, the building is very well-maintained, and is highlighted by its overall features. Located in one of the most desired industrial sub areas of Colton, This property is situated in a premier location.

4Lee & Associates







Offering Summary

Location327 W. E Street, Colton, California 92324

Offering SummaryPrice:

PorForma Capitalization Rate

Current Net Operating Income:

ProForma Net Operating Income:

Gross Rentable Area:

$1,285,946

5.5%

$53,327

$70,727

±7,500

Financing SummaryAll Cash or Cash to New Financing

(Contact Lee & Associates - Ontario for Further Details)

- Party Rental Supplies- Pristine Clean Car Detail- Gameroom Guys- TED Deaton Co

Tenants

5Lee & Associates







Property Information

6Lee & Associates







DescriptionSize:

Lot Size:

Building Type:

Stories:

Year Built:

HVAC:

Parking:

Tenants:

Unit Sizes:

Major Cross Streets:

±7,500 SF

±17,050 SF

Industrial / Block Construction

1 Warehouse, 2 Story Office

2007

100% HVAC in Offices

16 Parking Spaces

4

5 Units, ±1,500 SF Each

La Cadena / 10 Freeway7

Lee & Associates3535 Inland Empire Blvd

Ontario, CA 91764Corporate ID #00976995

www.lee-assoc.com





Description Site Plan

8Lee & Associates







Aerial

9Lee & Associates





W. E St

N. P

enns

ylvan

ia A

ve

N. 6

th S

t

W. D St



10

Aerial



www.lee-assoc.com



W. E

StW.

E St

La Cadena DrLa Cadena Dr

Colton Ave

Colton Ave

Mt Vernon AveMt Vernon Ave

Olive

StOl

ive St

Rancho AveRancho Ave



Map

11Lee & Associates







Tenancy

12Lee & Associates







Rent Roll

13

Tenant Address Square Feet

Base Rent/Foot

CAM % Base Rent Market ProForma Rate

Proforma CAM Fee

CurrentExpiration Date

Party Rental Supplies 327 W. E St., Colton, CA 92324 Unit A ±1,500 $0.83 20.00% $1,250.00 $1,425 $75 09/30/2020

Pristine Clean Car Detail 327 W. E St., Colton, CA 92324 Unit B ±1,500 $0.77 20.00% $1,150.00 $1,425 $75 MTM

Gameroom Guys 327 W. E St., Colton, CA 92324 Unit C ±1,500 $0.77 20.00% $1,150.00 $1,425 $75 MTM

Ted Deaton 327 W. E St., Colton, CA 92324 Unit D ±1,500 $0.83 20.00% $1,250.00 $1,425 $75 06/30/2021

Ted Deaton 327 W. E St., Colton, CA 92324 Unit E ±1,500 $0.83 20.00% $1,250.00 $1,425 $75 06/30/2021

Landlord ExpensesAnnual Property Taxes@1,200,000 Value

$13,200

Insurance $2,130

Common Area Maintenance $1,800

Repairs & Maintenance $2,143

Total Expense $19,273

Current Gross Income $72,600

Expenses -$19,273

Annual Net Income $53,327

ProForma Gross Income $90,000

Expenses $19,273

ProForma Annual Net Income $70,727



www.lee-assoc.com



$6,050 $7,125 $375TOTAL



Demographics

Population:

2020 Population:

2025 Population:

2020-2054 Population Growth:

18,766

19,244

2.55%

1 Mile 3 Mile 5 Mile

325,973

337,009

3.39%

112,903

116,305

3.01%

Median Household Income:

2020 Households:

$50,858

4,958

$48,205

88,636

$49,479

31,573

Household Information:

14Lee & Associates







Location

15Lee & Associates







Location

Area Overview

Colton is a city in San Bernardino County, California, United States. Nicknamed “Hub City”, it is located in the Inland

Empire region of the state and is approximately 57 miles east of Los Angeles. The population of Colton is 52,154 according to the 2010

census, up from 47,662 at the 2000 census. As a result of railroad acquisitions and mergers, this became the point at which the Burlington

Northern Santa Fe’s “Southern Transcontinental Route” crossed the Union Pacific’s “Sunset Route”. As traffic on each line began to soar

in the mid-1990s, fueled largely by the vast increase in imports passing through the ports of Los Angeles and Long Beach, the primitive

crossing became a serious bottleneck.

16Lee & Associates





multi-tenant industrial leased investment · the information contained in the following marketing...

Documents