SITE FOR SALE & LEASE OFFICE/ RETAIL BUILDING E Leland Road Pittsburg, California HARBOR STREET [±12,000 ADT] EAST LELAND ROAD [±17,000 ADT]

Transcription

1 SITE EAST LELAND ROAD [±17,000 ADT] HARBOR STREET [±12,000 ADT] PROPERTY HIGHLIGHTS: Highlights FOR SALE & LEASE OFFICE/ RETAIL BUILDING E Leland Road Bill Johnson Investments Partner (209) bill.johnson@ngcip.com License # Neil Reiher Associate (925) neil.reiher@ngcip.com License # Xavier Santana CEO (925) xavier@ngcip.com License # Broker # T (209) F (209)

2 PROPERTY SUMMARY OFFICE/RETAIL BUILDING Sisk E Road Leland Road Modesto, California SALE PRICE: BUILDING AREA: PARCEL SIZE: TRAFFIC COUNTS: Contact Broker ± 12,253 Sq Ft ± 0.21 Acres (Land Parcel) Combined Size: ± 2.05 Acres Leland Site- Harbor Leland Rd- ± 17,000 ADT ± 12,000 ADT PROPERTY HIGHLIGHTS: Located on a strong signalized intersection Adjoining parcel also for sale Surrounding area tenants consist of O Reilly Auto Parts, AutoZone, Farmers Insurance, Dominos, Walmart, CVS, Goodwill, and more Property has a ± 0.21acre buildable pad Zoned Planned Development (PD) Allows for a multitude of uses, including retail, office, and general commercial. Must get city planning approval for development and building use PG 2

3 INCOME PROPERTY EXPENSES SUMMARY OFFICE/ RETAIL BUILDING Sisk E Road Leland Road Modesto, California FINANCIAL STRUCTURE Scheduled Gross Income Actual-In- Place Rent Proforma Amount Base Rent $144,408 $52,713 Expense Recoveries $19,216 $118,182 Other Income $0 $0 Lease-Up Available Space $0 $199,060 Subtotal $163,624 $369,955 Less Vacancy Allowance $0 $14,798 Effective Gross Income $163,624 $355,156 Less Expenses $90,208 $118,182 ESTIMATED OPERATING EXPENSES Owner's 2016 Estimated 2017 Proforma Amount Taxes $18,195 $34,850 Insurance $6,625 $6,758 Security $3,414 $3,482 Fire $2,159 $2,202 Property Management $5,175 $8,181 Maintenance $10,565 $10,776 Utilities $8,786 $8,962 Capital Reserve $0 $7,553 Association Fee $28,897 $28,897 Water Maintenance $6,392 $6,520 Total $90,208 $118,182 Net Operating Income $73,416 $236,975 Annual Per Square Foot $7.08 $9.27 Monthly Per Square Foot $0.59 $0.77 ASSUMPTIONS Vacancy Allowance: 4.000% Proforma management 5.000% Proforma property 1.025% Capital Reserve at: 3.000% PG 3

4 RENT PROPERTY ROLL SUMMARY OFFICE/ RETAIL BUILDING Sisk E Road Leland Road Modesto, California Suite Tenant Ste Size (Sq Ft) Mon Rent (Total) Mon Rent (PSF) Market Rent (PSF) Lease Exp Lease Type 323 Turn Head 1,100 $1,613 $1.47 MTM NNN 325 Dr. Majid Yasaie 960 $1,344 $ /01/2018 NNN 327B Ernest Nichols 505 $1,200 $2.38 MTM Gross 327A KRE Associates 165 $700 $ C A1 Braids 134 $600 $ Energy Choice California, Inc. Energy Choice California, Inc. 1,500 $1,725 $1.40 1,400 $1,610 $ Geo Wireless 1,570 $1905 $ A Gonzalez-Farmers INS 930 $1,300 $ VACANT/AVAILABLE 1, VACANT/AVAILABLE 2, /30/2021 Gross 04/30/2021 Gross 11/01/2020 Gross 11/01/2020 Gross 11/01/2017 MGL 3/31/2018 NNN TOTAL 12,748 $10,697 $1.66 (Avg) PG 4

5 Tracy, California EAST LELAND ROAD [±17,000 ADT] SITE HARBOR STREET [±12,000 ADT] PG 5

6 RAILROAD AVENUE [±24,000 ADT] Tracy, California LELAND ROAD [±25,000 ADT] HIGHWAY 4 [±105,000 ADT] LOVERIDGE ROAD [±24,000 ADT] BUCHANAN ROAD [±14,000 ADT] PG 6

7 PROPERTY SUMMARY OFFICE/ RETAIL BUILDING Sisk E Leland Road Road Modesto, California POPULATION 1 mi Radius 3 mi Radius 5 mi Radius 2017 Estimated Population 21,994 72, , Projected Population 23,754 77, , Census Population 20,834 67, ,797 Projected Annual Growth 2017 to % 1.5% 1.5% 2017 Median Age HOUSEHOLDS 2017 Estimated Households 6,651 22,008 44, Projected Households 7,059 23,215 47, Census Households 6,488 21,003 41,719 Projected Annual Growth 2017 to %.9%.9% Historical Annual Growth 2000 to % 0.5% 0.6% RACE AND ETHNICITY 2017 Estimated White 35% 37.5% 42.8% 2017 Estimated Black or African American 19.5% 18.2% 15.3% 2017 Estimated Asian or Pacific Islander 12.1% 14% 13.4% 2017 Estimated American Indian or Native Alaskan 1.1% 0.9% 0.9% 2017 Estimated Other Races 32.4% 29.5% 27.7% 2017 Estimated Hispanic 50.8% 44.8% 42.1% INCOME 2017 Estimated Average Household Income $59,147 $71,410 $74, Estimated Median Household Income $50,664 $63,928 $68, Estimated Per Capita Income $17,916 $21,719 $22,950 BUSINESS 2017 Estimated Total Businesses 631 1,831 3, Estimated Total Employees 6,102 19,654 29,940 RADIUS MAP 2017 Northgate Commercial Real Estate. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. PG 7