740 University Avenue

Transcription

1 FOR SALE 740 University Avenue Sacramento, CA, ASKING PRICE: $3,303,395 ($235 PSF) PROPERTY HIGHLIGHTS AREA FEATURES Building Size: ±14,057 RSF 4.1/1,000 SF Parking Ratio The Building Offers a Flexible Floor Plan, Perfect for an Owner-User 48 Covered and Gated Parking Stalls High-End Interior Finishes Conveniently Located in the Attractive Campus Commons Submarket Easy Access to Highway s 50 & 80, along with an abundance of Shops, Restaurants, and other Attractive Amenities Close Proximity to Executive Housing

2 Floor Plan 100: ±7,700 RSF 130: ±3,897 RSF 150: ±2,460 RSF

3 OWN PURCHASE ASSUMPTIONS PURCHASE PRICE $3,300,000 IMPROVEMENTS $350,000 TOTAL PROJECT COST $3,650,000 ($260/SF) INCOME LEASE ASSUMPTIONS RENT PER SQ. FT/MONTH $2.00 RENT/MONTH $28,114 START-UP COSTS Own vs. Lease Analysis CASH DOWN PAYMENT 10% (SBA 7a LOAN) $365,000 PREPAID RENT & SECURITY DEPOSIT (EQUAL TO 2 MONTHS RENT) $56,228 MONTHLY COSTS (est.) MONTHLY COST (est.) PER SQ. FT. AMOUNT PER SQ. FT. AMOUNT MORTGAGE $1.33 $18,728 RENT PAYMENT $2.00 $28,114 OPERATING COSTS 0.60 $8,434 OPERATING COSTS 0.00 $0 TOTAL MONTHLY COSTS 1.93 $27,162 ASSOCIATION DUES 0.00 $0 MONTHLY OWNERSHIP BENEFITS TOTAL MONTHLY COSTS $2.00 $28,114 MONTHLY DEPRECIATION ESTIMATE* $6,239 MONTHLY OWNERSHIP BENEFITS TENANT INCOME (IF APPLICABLE) $0 TOTAL EFFECTIVE MONTHLY COSTS $28,114 TOTAL OWNERSHIP BENEFITS $6,239 TOTAL EFFECTIVE MONTHLY COSTS $20,923 PREPARED FOR: 740 UNIVERSITY AVE. BY: Brian Broderick * Depreciation is estimated based upon 80.0% allocation of purchase price to building cost that is depreciated over 39 years. The above figues are the discussion purposes only and are subject to change. This is not an offer or commitment to lend.

4 Fulton Ave. Munroe St. 2 1 University Village Bandera Buckhorn Grill (coming soon) Starbucks Pieology Pizza Capitol Beer and Tap Room Menchie s Frozen Yogurt Zocalo s (coming soon) Safeway Loehmann s Plaza Fair Oaks Blvd. 2 Chipotle Jacks Urban Eats Noah s Bagel s Pinkberry Nothing Bundt Cakes UPS Store 3 Howe Ave. Jamba Juice SaveMart 1 University Ave. 740 UNIVERSITY AVE. 3 Pavilions Shopping Center Ruth Chris Steak House Insight Coffee Piatti Williams-Somona Wildhorse Madam Butterfly J St. American River Cafe Bernardo Talbots

5 c a m p u s C o m m o n s 601 University Avenue 701 University Avenue 655 University Avenue + University Avenue is comprised of a group of buildings totaling 275,000 square feet in the highly active Campus Commons submarket of Sacramento. The one and two-story gardenstyle office properties range in size from 14,000 to 78,000 square feet, each offering a beautiful, unique setting with extensive, lush landscaping. This submarket is one of the more mature and appealing office environments in the Sacramento region, ideally situated between Fair Oaks Blvd., Howe Ave., Hwy. 50 and the American River. Close proximity to California State University, Sacramento, some of the region s finest shopping and eating establishments, and immediacy to executive housing, prompt many companies to locate in this distinguished corporate environment.

6 C a m p u s c o m m o n s project amenities: + Lush, mature landscaping in a campus-like setting + Fitness center with shower facilities, lap pool and access to the American River bike trail + Twenty-four hour key card access system + Ample parking (4 spaces/1,000 sf) + Local management presence + Conference facility and access to additional facilities at other area properties + Proximity to numerous restaurants, business services, California State University, Sacramento For more information 400 Capitol Mall, Suite 650 T F