2 Homes Plus Prime 1± Acre Commercial Corner 3340 Petaluma Boulevard North Petaluma, CA

Transcription

1 2 Homes Plus Prime 1± Acre Commercial Corner HIGHLIGHTS Hard to find Northern Petaluma Investment/Development Opportunity consisting of two detached single family homes, outbuildings plus a prime approx 1 acre commercial signalized corner site on an approximately 3.39 acres. One 2 bedroom / 2 bath of approx 1200 SF home, and one 1 bedroom / 1 bath home of approx 800 sf. The site also has three outbuildings - one small (approx 300 SF) shop building with bathroom, and one approx 4,000 SF storage building in fair condition. as well as a tear down shed. SALE PRICE Offered at $1,400,000 DEMOGRAPHICS ADT POPULATION 42,000± 1MILE 5,600± 3 MILES 54,000± Joel Jaman, Partner 1355 N Dutton Ave., Santa Rosa, CA (707) Fax: (707) Lic #: JJaman@KeeganCoppin.com

2 KEEGAN & COPPIN COMPANY, INC. Oncor International Commercial Real Estate Services COMMERCIAL PROPERTY INVESTMENT PROPERTY: 3340 Petaluma Boulevard North, Petaluma, CA Location: 3340 Petaluma Blvd N, Petaluma Price Price/psf $1,400,000 #DIV/0! Size: Cap Rate 1.60% Proforma Cap Rate 7.73% Description: Two detached single family homes (2/2 of approximatly Current Rent Proforma Rent 1500 SF and 1/1 of approximately 800 SF) and an approx 1 acre commercial signalized hard corner. Annual NOI $22,400 $108,248 Annual Debt Service #DIV/0! #DIV/0! Site: Approximately 3.39 acres Annual Cash Flow #DIV/0! #DIV/0! Zoning: C-3 (County of Sonoma) Cash Flow % #DIV/0! #DIV/0! ANNUAL OPERATING DATA Current Rent Projected Rent Scheduled Gross Income $42,000 $127,848 Plus Reimbursement $0 $0 Down Payment $1,400,000 Less Vacancy 0.0% $0 $0 Annual Adjusted Income $42,000 $127,848 Loan Amount $0 Less Expenses -$19,600 ($19,600) Annual NOI $22,400 $108,248 Interest Rate Less Annual Debt Service #DIV/0! #DIV/0! Loan Data Cash Flow #DIV/0! #DIV/0! Amortization (Yrs) Cash Flow % #DIV/0! #DIV/0! Debt Service #DIV/0! SCHEDULED INCOME Lessee Approx. SF 1, ,560 Annual Expenses Current Leases Proforma Leases Current and Projected (P) Rent/SF Monthly Rent Lease Exp. Rent/SF Monthly Rent Taxes $16,100 $0.00 $0.00 $2.10 $2, Insurance $2,300 $1.25 $1, $2.00 $1, Maintenance $0.06 $2, $0.15 $6, Utilities $0.00 $0.00 Common Area $1,200 $0.00 $0.00 Reserves $0.00 $0.00 Management $0.00 $0.00 Other Total: 45,560 $3, $10, Total Expenses $19,600 Annual Scheduled Annual Projected Annual Monthly x 12 $42,000 Monthly x 12 $127,848 Reimbursements REMARKS: The above information and projection is based on data provided by seller and certain assumptions and projections about the future. A prospect should verify information and assumptions to determine applicability and risk.

3 Prime Commercial Land For Sale

4 Prime Commercial Land For Sale AERIALS

5 Prime Commercial Land For Sale EXPANDED AERIAL MAP Vicinity Map

6 Prime Commercial Land For Sale ZONING USES PERMITTED (a) Retail sales and service uses necessary to serve the C3 district, but not including those uses I listed in Section (b) New and used passenger vehicle, boat and recreational vehicles sales, rental and repair; (c) Truck, trailer and farm implement sales, including major repair facilities; (d) Tire sales, including recapping the retreading; (e) Machinery sales and rental; (f) Bakeries, creameries, soft drink bottling plants, laundries, cleaning and dying plants; (g) Cabinet shops; electrical plumbing and heating ships; welding, sheet metal and machine shops; (h) Wholesale warehouse uses; (i) Storage yards accessory to the uses listed in this section, not to exceed one hundred percent (100%) of the gross area of the main building; (j) Small collection facilities as an accessory use to any permitted use subject to the provisions of Section (k) Feed stores; (l) Surplus goods stores; (m) Furniture, carpet, drapery and upholstery warehousing including incidental reail sales and service; (n) Paint and wall covering stores; (o) Garden supply stores; (p) New and used manufactured home sales; (q) Business equipment and supplies sales; (r) Automobile accessories, parts and equipment sales including installation; (s) Business support services including copying and printing, janitorial services and security services; (t) Household goods rental store; (u) Business equipment and furniture rentals; (v) Warehouses including mini-warehouses, moving and storage companies; (dd)small-scale homeless shelters serving no more than ten (10) persons pursuant to , subject to Article 82 (Design Review), within designated urban service areas. (W) Occasional cultural events; provided, that a written notice stating The Sonoma County Planning Department will issue a zoning permit for a cultural event (state nature and duration) on this property if a written appeal is not received within (10) days from the date of this notice. is posted on the property at lease ten (10) days prior to issuance of a zoning permit, and no approval is secured from the following departments: sheriff, public health, fire services, building inspection and public works. In the event of an appeal, a hearing on the project shall be held pursuant to Section (x) Beekeeping; (y) Attached commercial telecommunication facilities subject to the applicable criteria set forth in Section (z) Minor and intermediate freestanding commercial telecommunication facilities eighty feet (80 ) or less, subject to the applicable criteria set forth in Section (aa) Noncommercial telecommunication facilities eighty feet (80 ) or less in height subject to the applicable criteria set forth in Section (bb) Small wind energy systems not located within a county-designated urban service area, subject to zoning permit approval and the standards in Section (cc) Other nonresidential uses which in the opinion of the planning director are of a similar and compatible nature to those uses described in this section.