Investment Opportunity

Transcription

1 Investment Opportunity For Sale Single Tenant NNN Flex Portfolio PRESENTED BY: BOB GUIMBARDA Vice Chariman St. Louis TUCKER HOHENSTEIN Senior Vice President San Diego JOE ROSSI, CCIM Managing Director - Investment Services Orlando joe.rossi@colliers.com

2 Executive Summary THE OFFERING Colliers International is pleased to present the accompanying, unique portfolio investment opportunity to acquire two technologically advanced flex-industrial properties in geographically diverse markets from ownership interests affiliated with the single occupant, Delta Group Electronics, Inc. (Delta Group). Delta Group has located two of its most significant sales and assembly operations at these two facilities in Rockledge, Florida and San Diego, California. Each of the locations being offered for sale have been key operating centers for several years as Delta Group has aggressively expanded and enhanced its U.S. based electronics manufacturing business. Delta Group utilizes the most technologically advanced wiring, cable and circuit board fabrication and assembly equipment to fulfill its contractual commitments to a variety of military, commercial, aerospace and industrial clients. Each of these properties has undergone relatively recent exterior and interior expansion/ renovation programs. Consistent with its demonstrated growth record and exceptional standards of performance on behalf of its customers, the Company has and will remain committed to ongoing future investments in these facilities and the related equipment to ensure that its end products meet their stringent standard of quality and finish. Delta Group will agree to enter into a new, long-term, triple-net lease with the purchaser of these properties. The purchaser of this portfolio will secure attractive investment returns with the added benefit of occupancy by a company with thirty years of history working on the most complex and sophisticated solutions to its customers system and sub-system manufacturing needs. This portfolio is being listed at a cumulative price of $15,093,500 for the two facilities. Ownership will favor a single purchase transaction for the two properties. Separate offers for either of the properties will be considered, should a single purchase transaction prove unattainable. PROPERTY HIGHLIGHTS 395 Gus Hipp Blvd. Rockledge, FL Scripps Ranch Blvd. San Diego, CA Tax Location ID / County Brevard San Diego Useable Area 44,177 SF 43,560 SF Gross Site Area 3.77 Acres 2.73 Acres Year Constructed Year Renovated 2005/ Parking 121 Std/ 5 Hcp 134 Std/ 5 Hcp SINGLE TENANT NNN FLEX PORTFOLIO COLLIERS INTERNATIONAL P. 2

3 Tenant Overview FOCUS & COMMITMENT Established in 1987, Delta Group Electronics, Inc. is a high-mix, low-to-medium volume electronics manufacturing services (EMS) provider recognized by Inc. Magazine as one of the fastest growing small businesses in the United States. The company provides cost-efficient, high-quality assembly of custom wiring harness, cable and turnkey electronic assemblies for its business partners throughout the southern half of the United States. Based in Albuquerque, New Mexico, Delta Group also has assembly operations in Florida, Arkansas, Texas and southern California. The company maintains an ISO9001:2008, AS9100 and ISO13485 quality certification at each facility; along with ISO13485 quality standard at the San Diego, California location. The company also maintains an annual ITAR registration and compliance program to include Distribution D capability through an approved DD2345. Delta Group maintains a diversified customer base, serving customers in the defense, aerospace, telecommunications, transportation and capital equipment industries. CUSTOMER DRIVEN Delta Group is a leader in providing electronics manufacturing services (EMS) to a wide variety of companies. Its manufacturing capabilities include production facilities that optimize flexibility to meet customer demands for timely and dependable delivery, test and inspection procedures to deliver a quality product and a customized inventory management system that supports production scheduling to ensure on-time delivery. SINGLE TENANT NNN FLEX PORTFOLIO COLLIERS INTERNATIONAL P. 3

4 Rockledge Property Highlights ITEM DESCRIPTION Property Address 395 Gus Hipp Boulevard, Rockledge, FL County Brevard County Total Rentable Space 44,177 SF Land Area 3.77 Acres Land Area SF Approximately 196,000 SF Stories 1 Parking 126 Spaces (2.85/1,000 SF) Elevator None Year Built/ Expansion 1986 / 2005 and 2014 Docks/ Drive-Ins 2 / 4 Roof Built Up Composition/ Standing Metal Seam Utilities Florida Power and Light (electric); City of Rockledge (sewer and water) Zoning Industrial Park Parcel ID / Taxes $29, Taxes/ Assessments $30, Assessed Value $1,440, Taxes $22, Taxes/ Assessments $22, Assessed Value $1,040,000 SINGLE TENANT NNN FLEX PORTFOLIO COLLIERS INTERNATIONAL P. 4

5 San Diego Property Highlights ITEM DESCRIPTION Property Address Scripps Ranch Boulevard, San Diego, CA County San Diego County Total Rentable Space 43,560 SF Land Area 2.73 Acres Land Area SF Approximately 119,000 SF Stories 1 Parking 139 Spaces (3.19/1,000 SF) Elevator None Year Built 1979 Docks/ Drive-Ins 1 / 1 Roof Multi-Ply, Composition Utilities SDG&E (electric), City of San Diego (water) Zoning Industrial Park Parcel ID Taxes Taxes/ Assessments $101,394 Assessed Value $8,598, Taxes Taxes/ Assessments $99,790 Assessed Value $8,410,194 SINGLE TENANT NNN FLEX PORTFOLIO COLLIERS INTERNATIONAL P. 5

6 BOB GUIMBARDA Vice Chariman St. Louis TUCKER HOHENSTEIN Senior Vice President San Diego JOE ROSSI, CCIM Managing Director - Investment Services Orlando joe.rossi@colliers.com COLLIERS INTERNATIONAL 1401 S. Brentwood Blvd., Ste. 700, St. Louis, MO Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, such information has not been verified, and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.