MANUFACTURING FACILITY

Transcription

1 DISTRIBUTION WAREHOUSE MANUFACTURING FACILITY ±130,980 SF ±9 ACRE LOT RIALTO, CALIFORNIA ADDITIONAL OUTSIDE STORAGE INCLUDED WITH PROPERTY OWNER / USER AND/OR INVESTMENT OPPORTUNITY INLAND EMPIRE Under Construction 258,857 SF Distribution Warehouse (N.A.P.) RAIL LINE Exclusively Offered By: Chase MacLeod Vice President P cmacleod@voitco.com Real Estate Salesperson CA BRE Lic # Shy Assar Associate P sassar@voitco.com Real Estate Salesperson CA BRE Lic # OFFERING MEMORANDUM 360 S LILAC AVENUE, RIALTO, CA

2 360 S LILAC RIALTO Offering Memorandum Table of Contents TABLE OF CONTENTS Executive Summary...3 Property Overview...4 Tenant and Lease Overview...9 Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 2

3 360 S LILAC RIALTO Offering Memorandum Executive Summary The Offering The property located at 360 South Lilac Avenue in Rialto, CA is an opportunity to acquire a highly functional distribution and manufacturing warehouse in the heart of the Western Inland Empire. This property (±130,980 SF) offers an investor or owner/user an opportunity to purchase a facility in the most dynamic industrial market in the country. Strategically located near a major on/off ramp on Interstate 10 Freeway, the building is next to recognizable corporate users and institutional owners such as Staples, Toys R Us, Alere Property Group and Industrial Income Trust. Project & Site Highlights Asking Price: $10,000,000 Low coverage, highly functional distribution and manufacturing warehouse, ideal for an owner s or tenant s corporate headquarters Additional unpaved land ideal for overflow trailer storage or outside storage requirements Minimum 24' clearance throughout the warehouse, with existing racking and high pile storage in ±40% of the building, and certain areas laser measuring in excess of 27' minimum clearance Two (2) 90' concrete aprons, seventeen (17) dock high loading doors (13 equipped with pit levelers) and three (3) ground level loading roll-up doors Drive around capable and two (2) secured access gates High image corporate office, enclosed climate controlled mezzanine and shipping & receiving office with restrooms in the warehouse Heavy power M-2 Zoning, heavy industrial uses allowed Distance to Cedar Avenue Riverside Avenue miles miles Foothill Boulevard miles Freeway miles Freeway miles Freeway - 12 miles Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 3

4 360 S LILAC RIALTO Offering Memorandum Property Overview Under Construction 258,857 SF Distribution Warehouse ADDITIONAL OUTSIDE STORAGE INCLUDED WITH PROPERTY NOT A PART Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 4

5 360 S LILAC RIALTO Offering Memorandum Property Overview Secured Access Gate ±466' (verify) ADDITIONAL OUTSIDE STORAGE POTENTIAL TRAILER STORAGE Concrete Apron Currently Utilized for Manufacturing No Skylights Previously Climate Controlled FUTURE STALLS (verify) Concrete Apron Area Fully Racked by Tenant Minimum Clearance Ranges from Drainage Easement ±23,000 SF Temporary Construction Easement ±0.149 Ac. Under Construction 258,857 SF Secured Access Gate Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 5

6 360 S LILAC RIALTO Offering Memorandum Property Overview Building Specifications Physical Asset Specification Building Type Industrial Distribution and Manufacturing Year Built 1991 Construction Type Concrete Tilt-Up Roof Construction (original / replacement date) 2003 Building Dimensions (W x L ) Building Square Footage Office Square Footage (%) Mezzanine Office Square Footage TBD Approx. 130,896 SF Approx. 14,000 SF Approx. 16,416 SF Minimum Clear Height 24' Maximum Clear Height 27' 5" Column Spacing (Speed Bay Depth) Loading Dock High Doors (H x W ) 17 Dock Package (Bumpers, Shelters, Z-Guards) Truckwells (H' x W') Levelers (Interior or Exterior) TBD Bumpers and Shelters None 13 Exterior Ground Level Drive-In Doors (H' x W') 3 Total (12' 0" W x 12' 0" H) Power (Amps/Volts/Phase) Insulation Sprinkler System Calcs (Head Type) Warehouse Lighting Skylight Ratio 3,600 Amps (verify) Foil Scrim Varies -.29/3,000 (verify) Metal Halide Warehouse Lights Approx. 2% Ratio (no skylights in center section) Site Specifications APN: Zoning M-2 Lot Size ±9 Ac. Lot Dimensions 610' x 624' Building Floor-to-Area Ratio Rail Line / Rail Spots / Rail Doors Secured Truck Court / Yard (Y/N) Truck Court Depth & Length Drive Around Capable Concrete Apron Dimensions Truck Court Slope Trailer Parking Stalls Auto Parking Spaces ±0.335 (verify) None Yes TBD (Additional Outside Storage) Yes (2 Access Gates) 2-90' Concrete Apron TBD Additional Outside Storage (Potential for Stalls - verify) 144 (Expandable) Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 6

7 360 S LILAC RIALTO Offering Memorandum Property Overview Warehouse Notes Highest point of minimum warehouse clearance laser measured at 27 5 (Majority of building minimum clearance laser measured at ) Building demised to three (3) separate sections, with two (2) demising walls separating northern portion and southern portion of the building, and four (4) roll up doors installed to secure each portion (multi-tenant / multi-business layout possible) Central portion of building has no skylights, previously utilized as climate controlled section Southern portion of building fully racked by existing tenant Density of sprinkler system risers varies and services different portions of the building (Calculations vary from :.27 GPM / GPM / 3, GPM / 3, GPM / 2,000) Office Notes Footprint of first floor office is approximately 14,000 SF Built out stressed mezzanine space is rated for office load factor, currently utilized for assembly and storage related functions by existing tenant Mezzanine space is climate controlled Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 7

8 360 S LILAC RIALTO Offering Memorandum Property Overview Tax Map Subject Property Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 8

9 360 S LILAC RIALTO Offering Memorandum Tenant and Lease Overview Tenant and Lease Overview Tenant Overview The Tenant, Solomon Colors, Inc., founded in 1927, developed and patented formulas for mortar and concrete pigments used for concrete coloring and stamping. As a family-owned, employee-owned company they remain a global leader in decorative concrete products. As of May 2015, Solomon Colors, Inc. purchased a similar facility nearby in Rialto, California. Then in July 2015, listed the subject property, 360 S. Lilac Avenue, for sublease. Lease Summary Commencement of Current Term July 1, 2015 Current Option Term Expiration Date June 30, 2019 Remaining Lease Term (From July 1, 2015) Four (4) Years Current Monthly Base Rent $39,600 Lease Type NNN Increase Date January 1, 2017 Monthly Base Rent (After Increase) $42,000 Purchase Option Yes, Right of First Refusal Set Purchase Option Price None Purchase Option Comments Tenant shall have thirty (30) days from notice and receipt of bona fide offer to purchase to exercise right of first refusal and match terms of offer. If Tenant declines to exercise right, and Landlord sells the property, Tenant shall have no further right of first refusal, or purchase option. Voit Real Estate Services - Chase MacLeod cmacleod@voitco.com Page 9

10 OFFERING MEMORANDUM 360 S LILAC RIALTO OWNER / USER AND/OR INVESTMENT OPPORTUNITY INLAND EMPIRE Exclusively Offered By: Chase MacLeod Vice President P cmacleod@voitco.com Real Estate Salesperson CA BRE Lic # Shy Assar Associate P sassar@voitco.com Real Estate Salesperson CA BRE Lic # Guasti Road, Suite 100, Ontario, CA Lic # The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions. is a registered trademark of Voit Real Estate Services.