offering memorandum - loopnet · year built: 1982 close of escrow: 1 / 30 / 2018 sales price: $ 1 ,...

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


INVESTMENT

OVERVIEWOVERVIEW

4


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


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


7

LOCAL MAP


8


PROPERTY PHOTO

Marcus & Millichap closes

more transactions than any

other brokerage firm.

129


FINANCIAL

ANALYSISANALYSIS

10

FINANCIAL ANALYSIS


TENANT SUMMARYTENANT SUMMARY

Current

11


MARKET

COMPARABLESAUTO SHOPSAUTO SHOPS

12


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


PROPERTY NAMEAUTOMOTIVE STRIP CENTER

SALES COMPARABLESSALES COMPARABLES SALES COMPS AVG

Average Price Per Square Foot

SALES COMPARABLES


SALES COMPS AVG

ON MARKET COMPS AVG

$540.00

$600.00


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

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PROPERTY NAME

MARKETING TEAM


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



Price/SF: $187.50

Year Built: 1961

rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1

15

PROPERTY NAME

MARKETING TEAM


SALES 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


Sales Price: $5,169,000

Price/SF: $206.00

Year Built: Unknown



Price/SF: $183.54

Year Built: Unknown



Price/SF: $247.97

Year Built: 2007


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PROPERTY NAME

MARKETING TEAM


SALES 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




Price/SF: $348.35

Year Built: 1988



Price/SF: $169.57

Year Built: 1957

On Market

List Price: $925,000

Price/SF: $171.58

Year Built: 1960


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PROPERTY NAME

MARKETING TEAM


SALES 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


On Market


Price/SF: $194.60

Year Built: 1964

On Market


Price/SF: $180.08

Year Built: 1950

On Market

List Price: $1,200,000

Price/SF: $237.62

Year Built: 1962


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PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES


2528 TESLA WAY2528 Tesla Way, Sacramento, CA, 95825

4900 MACK ROAD4900 Mack Road, Sacramento, CA, 95823

12 13


On Market


Price/SF: $269.02

Year Built: 1957

On Market


Price/SF: $216.49

Year Built: 1986


19


MARKET

COMPARABLESCOMPARABLESRETAIL STRIP CENTERS

20


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


21


PROPERTY NAMEAUTOMOTIVE STRIP CENTER

SALES COMPARABLESSALES COMPARABLES SALES COMPS AVG


SALES COMPARABLES


SALES COMPS AVG

ON MARKET COMPS AVG

$270.00

$300.00


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


SALES 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


Asking Price: $3,000,000

Price/SF: $148.51

Year Built: 1977



Price/SF: $152.63

Year Built: 1980



Price/SF: $161.51

Year Built: 1960


23

PROPERTY NAME

MARKETING TEAM


SALES 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




Price/SF: $208.31

Year Built: 1982



Price/SF: $282.60

Year Built: 1983

On Market


Price/SF: $165.72

Year Built: 1940


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PROPERTY NAME

MARKETING TEAM


SALES 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


On Market


Price/SF: $163.73

Year Built: 1984

On Market


Price/SF: $187.83

Year Built: 1960

On Market


Price/SF: $146.88

Year Built: 1980


25

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES


S & S MARKET3320 Marysville Blvd, Sacramento, CA, 95838

9


On Market


Price/SF: $139.88

Year Built: 1984


26

PROPERTY NAME

MARKETING TEAM


COSTAR LEASE COMPARABLES

rentpropertyaddress1 rentpropertyaddress1

Full lease comparable report available upon request.

27


PROPERTY NAME

MARKETING TEAM


COSTAR LEASE COMPARABLES




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offering memorandum - loopnet · year built: 1982 close of escrow: 1 / 30 / 2018 sales price: $ 1 ,...

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