Industrial / Manufacturing Building For Sale

Transcription

1 Industrial / Manufacturing Building For Sale Blackie Road, Castroville, California OFFERING MEMORANDUM ±87,416 SF INDUSTRIAL BUILDING ON A ACRE LOT ASKING PRICE: $9,750,000

2 Offering Memorandum Disclaimer This Confidential Offering Memorandum ( Memorandum ) is being delivered subject to the terms of the Confidentiality Agreement (the Confidentiality Agreement ) signed by you and constitutes part of the Confidential Information (as defined in the Confidentiality Agreement). For more information, please contact one of the following individuals: Greg Findley Managing Director greg.findley@cushwake.com Josh Jones Managing Director josh.jones@cushwake.com It is being given to you for the sole purpose of evaluating the possible investment in Commercial Parkway, Castroville, California (the Project ), and is not to be used for any other purpose or made available to any other party without the prior written consent of Dan Caputo Company ( Managing Member ), or its exclusive broker, Cushman & Wakefield. This Memorandum was prepared by Cushman & Wakefield based primarily on information supplied by Managing Member. It contains select information about the Project and the real estate market but does not contain all the information necessary to evaluate the Project. The financial projections contained herein (or in any other Confidential Information) are for general reference only. They are based on assumptions relating to the overall economy and local competition, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. While the information contained in this Memorandum and any other Confidential Information is believed to be reliable, neither Cushman & Wakefield nor Managing Member guarantees its accuracy or completeness. Because of the foregoing and since the investment in the Project is being offered on an As Is, Where Is basis, a prospective investor or other party authorized by the prospective investor to use such material solely to facilitate the prospective purchaser s investigation, must make its independent investigations, projections and conclusions regarding the investment in the Project without reliance on this Memorandum or any other Confidential Information. Although additional Confidential Information, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing period proceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts. Neither Cushman & Wakefield nor Managing Member guarantees the accuracy or completeness of the information contained in this Memorandum or any other Confidential Information provided by Cushman & Wakefield and Managing Member. Managing Member expressly reserves the right, at its sole discretion, to reject any offer to invest in the Project or to terminate any negotiations with any party at any time with or without written notice. Managing Member shall have no legal commitment or obligations to any prospective investor unless and until a written sale agreement has been fully executed, delivered and approved by Managing Member and any conditions to Managing Member s obligations thereunder have been satisfied or waived. Managing Member has retained Cushman & Wakefield as its exclusive broker and will be responsible for any commission due to Cushman & Wakefield in connection with a transaction relating to the Project pursuant to a separate agreement. Cushman & Wakefield is not authorized to make any representation or agreement on behalf of Managing Member. Each prospective investor will be responsible for any claims for commissions by any other broker in connection with an investment in the Project if such claims arise from acts of such prospective investor or its broker. This Memorandum is the property of Managing Member and all parties approved by Managing Member and may be used only by parties approved by Managing Member. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as permitted under the Confidentiality Agreement.

3 FOR SALE BLACKIE ROAD CASTROVILLE, CA Property Description The subject property is located within the Castroville Industrial Park. This is a master planned, full service industrial park in northern Monterey County. The location is accessible via Blackie Road, which is main east-west arterial providing direct access with State Highway 156 and Highway 1 and providing excellent access to the tri-county area. Location: Blackie Road, Castroville, CA APN: Building Area: Site Area: Zoning: Ceiling Height: Power: Door Access: ±24,539 SF - Light Manufacturing ±36,248 SF - Warehouse ±6,048 SF - Mezzanine Storage ±20,581 SF - Office/Lunch Room ±87, 416 SF - TOTAL ±3.384 Acres Castroville Community Plan ±20-24 Clear Height 480V, 2500 Amp, 3 Phase 2 Loading docks & 2 Grade level doors Asking Price: $9,750, Commercial Blackie Parkway, Road, Castroville, CA 3

4 4 cushmanwakefield.com Blackie Road, Castroville, CA 4

5 FOR SALE BLACKIE ROAD CASTROVILLE, CA Parcel Map Blackie Road, Castroville, CA 5

6 FOR SALE BLACKIE ROAD CASTROVILLE, CA Floor Plans - First Floor 6 cushmanwakefield.com Blackie Road, Castroville, CA 6

7 FOR SALE BLACKIE ROAD CASTROVILLE, CA Floor Plans - Second Floor Commercial Parkway, Castroville, CA Blackie Road, Castroville, CA

8 FOR SALE BLACKIE ROAD CASTROVILLE, CA Location Overview Salinas Valley Area Castroville is strategically located in the Salinas Valley in unincorporated Monterey County, just 8.2 miles north of the City of Salinas, 15.7 miles northeast of the Monterey bay, and 31 miles from Santa Cruz. Situated in the Central Coast region of California which includes the Monterey Peninsula and runs parallel to Monterey Bay. The property is adjacent to Highway 156, which connects Highway 101 to Highway 1. Infrastructure Castroville is accessed by Highway 156 and Highway 183 Highway 156 passes east/west through the city and provides direct access to Highway 1 and Highway 101. CASTROVILLE Highway 183 connects the community of Castroville with the City Salinas to the south and Santa Cruz County to the north. Rail service is nearby on Union Pacific s main line, connecting to shipping in the San Francisco Bay Area to destinations worldwide. Twelve major commercial trucking terminals and 18 additional carriers serve the Salinas Valley. More than 1,000 trucks per day export produce during peak season. 8 cushmanwakefield.com Blackie Road, Castroville, CA

9 Location Overview Location Overview Blackie Road is roughly 1 mile south of the Central Business District. The location is accessible via Blackie Road, which is a main east-west arterial providing direct access with State Highway 156 and Highway 1. MONTEREY PENINSULA 1 Market Overview COAST AMERICAN COOLING BOTTLING COMPANY CENTRAL COLD STORAGE MERRITT STREET SUBJECT SITE OCEAN MIST PARKWAY CHIC EVENTS BLACKIE ROAD

10 Industrial / Manufacturing Building Blackie Road, Castroville, California CONTACTS Greg Findley Managing Director greg.findley@cushwake.com Josh Jones Managing Director josh.jones@cushwake.com Cushman & Wakefield Copyright No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.