23.94 Acres in 3 Parcels Zoned Industrial Shinn Street, Fremont, California

Transcription

1 CR CIFI N PA SHINN TER WES R E STRE T CR R R THE SOU CIFI N PA Offering Memorandum Acres in 3 Parcels Zoned Industrial Shinn Street, Fremont, California Colliers International

2 TABLE OF CONTENTS Exclusive Agency Designated Agent and Disclaimer 2 Executive Summary The Offering 5 Area Map 6 Aerial 7 Area Overview Fremont Community & Location 9 The Property Overview 12 Parcel Map 13 Terms of Sale TABLE OF CONTENTS 1494 HAMILTON AVENUE PROPOSAL TO PROVIDE MARKETING SERVICES

3 Exclusive Agency Designated Agents and Disclaimer Offering Memorandum Acres in 3 Parcels Shinn Street, Fremont, California Colliers International

4 EXCLUSIVE AGENCY DESIGNATED AGENTS AND DISCLAIMER EXCLUSIVE AGENCY DESIGNATED AGENTS AND DISCLAIMER Exclusive Agency: Colliers International is the exclusive agent of the seller of the Property. Designated Agent: Bob Rowland is Colliers International s designated agent for the Property who solely represent the interests of the seller of the Property. Colliers International Disclaimer: This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees or representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquires as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). P. 2

5 CONFIDENTIALITY Confidentiality: Each entity or individual receiving this document ( Participant ) acknowledges that it is a principal or an investment advisor in connection with the possible Participant Transaction and agrees that it will not look to United States Gypsum Company or any of its affiliates, agents or consultants for any fees, commissions or other compensation or expense in connection with a Participant Transaction for or related to the Property. The Participant also hereby represents, acknowledges and warrants to USG that it has not dealt with any broker regarding the acquisition of or other transaction related to the Property, or if it has, the Participant hereby agrees to indemnify USG, and it s affiliates, agents or consultants against any compensation, liability or expense (including attorney s fees), arising from claims by any broker or other party the Participant had dealings with in connection with the sale of the Property, or in connection with a breach by the Participant of its obligations under this letter. In no event shall the Participant or any of its agents or contractors contact any USG entity or any governmental authority concerning the Property, or make any physical inspection or testing of the Property, without the prior written consent of USG. In connection with the Participant s review of the property and response to this RFP, USG is providing information in this RFP and may provide certain other information ( Confidential Information ) concerning the Property. The Confidential Information is intended solely for your own limited use in considering whether to pursue discussions and negotiations with USG in connection with a possible Participant Transaction for the Property. The Confidential Information contains brief, selected information pertaining to the Property, and has been prepared by USG primarily from information supplied by groups internal to USG. The information is not purported to be all-inclusive or to contain all the information that a prospective Participant may require or desire. Neither USG or any of its affiliates, agents or consultants make any representation or warranty, expressed or implied as to the accuracy or completeness of the Confidential Information and no legal liability is assumed or to be implied with respect thereto. By receipt of this document, you agree that all information provided is confidential, that you will hold and treat it in the strictest of confidence and that you will not disclose or permit anyone to disclose the Confidential Information to any person, firm or entity without prior authorization of USG, except that the information may be disclosed to your partners, employees, legal counsel, lenders and governmental authorities, approved by USG, as necessary to evaluate this Request for Proposal. USG expressly reserves the right in its sole discretion to reject any or all proposals or expressions of interest in the Property and to terminate discussions with any party at any time with or without notice. At the request of USG, or if you do not wish to respond to this RFP or if you do not intend to pursue a Participant Transaction, you hereby agree to promptly return the Confidential Information and deliver originals and copies of all reports or other information provided to you concerning the Property to USG. This Request for Proposal shall not be copied in whole or in part without the express written permission of USG. Any request to make copies of this RFP shall be made in writing to USG stating the number of copies to be made, the individual to whom each copy will be delivered and an acknowledgement by the individual receiving the copy of their agreement to comply with the terms and conditions of this Confidentiality Statement. By receipt of this Request for Proposal, the Participant acknowledges that they are undertaking this investigation of the Property at their sole risk and expense and that under no circumstances will any amounts expended by the Participant for its due diligence investigation or review be paid or reimbursed by USG. Participant further acknowledges that statements contained in this RFP are based upon information which USG believes is reliable, but for which USG assumes no responsibility. Participant agrees that this submission is made subject to prior sale, lease, joint venture (or other transaction) change in price or terms, or withdrawal without notice. Participant or any party should not construe this information as legal or tax advice. You should consult your counsel, accountant or other advisors on matters related to this presentation. P. 3

6 Executive Summary Offering Memorandum Acres in 3 Parcels Shinn Street, Fremont, California Colliers International

7 THE OFFERING THE OFFERING As exclusive agent representing United States Gypsum Company, (USG), Colliers International is pleased to offer acres in Fremont, California. The site was the home of USG s Fremont wallboard plant and the manufacturing facility remains on site. USG plans to sell the property as is with the Buyer assuming responsibility for demolition and environmental remediation. The information provided herein should not be relied upon by any Buyer purchasing the property. Each Buyer must perform its own due diligence prior to purchasing the property. Additional information and due diligence material is available on the RCM1 web site. Access to this information requires the satisfactory execution of a Confidentiality Agreement and approval by USG. On site tours of the property for serious potential Buyers can be set up at a future date by appointment with Colliers International. Colliers has been retained by USG to manage a competitive selection process through the use of a limited Request for Proposal (RFP) tender. We are now requesting proposals from firms who may have a serious interest in acquisition and redevelopment of the USG property. PLEASE SUBMIT WRITTEN RESPONSES TO: Colliers International ATTN: Bob Rowland 450 W. Santa Clara Street San Jose CA bob.rowland@colliers.com (925) The purpose of Phase One of the RFP is: To determine the prospective Participant s level of interest in the development opportunity. To identify the terms and conditions under which the prospective Participant is interested in pursuing the acquisition of the site. To pre-qualify prospective participants as to their financial capability and prior experience. Participants are to refrain from making verbal inquiries to the staff of USG. All inquiries regarding this RFP which may require clarification, interpretation or explanation are to be made in writing to Colliers and received no later than April 20, 2017 at 5:00 P.M. PST at the address indicated above or Bob.Rowland@Colliers.com. P. 5

8 sperian Blvd. 880 Indus Huntwood Whipple Rd. Whipple Rd. Central Ave. Alvarado-Niles Rd. Decoto Rd. AREA MAP AMERICAN CANYON Alvarado Blvd. VALLEJO Paseo Padre BENICIA Niles Blvd. RICHMOND BERKELEY MARTINEZ WALNUT CREEK PITTSBURG CONCORD ANTIOCH BRENTWOOD Paseo Padre Pkwy. Ardenwood Blvd. 84 Jarvis Ave. Haley St. Lake Blvd. Cedar Blvd. Decoto Rd. Thornton Ave. Central Ave. Peralta Blvd. Fremont Blvd. Mowry Ave. Fremont BART Station Walnut Ave. Stevenson Blvd. Paseo Padre Pkwy. Mission Blvd. SAN FRANCISCO DALY CITY SOUTH SAN FRANCISCO OAKLAND ALAMEDA OAKLAND SAN LEANDRO INT L AIRPORT CASTRO VALLEY HAYWARD DANVILLE SAN RAMON DUBLIN PLEASANTON Thornton Ave. LIVERMORE Central Ave. Newark Blvd. Sycamore Cherry St. Robertson Ave. Smith Ave. Birch St. Blacow Rd. NEWPARK MALL Christy St. Stevenson Blvd. Blacow Rd. Grimmer Blvd. Fremont Blvd. Driscoll Osgood Rd. Paseo Padre Pkwy. aginaw Seaport Blvd. Spring St. Middlefield Rd. 5th Ave. 101 Marsh Rd. El Camino Real Middlefield Rd. SAN FRANCISCO INT L AIRPORT SAN MATEO Bayfront Expwy. FOSTER CITY REDWOOD CITY Willow Rd. Bay Rd. University Ave. 84 PALO ALTO UNION CITY NEWARK MT. VIEW FREMONT SUNNYVALE CUPERTINO SARATOGA SANTA CLARA CAMPBELL SAN JOSE INT L AIRPORT SAN JOSE MILPITAS Eureka Boyce Auto Mall Pkwy Cushing Pkwy. 880 Northport Loop E. W. Warren Ave. Bayside Pkwy. Fremont Blvd. Lakeview Blvd. Mission Bayview Dr. Kato Rd. Blvd. Warm Springs Blvd. California Circle Kato Rd. Scott Creek Rd. Dixon Landing Rd. Milmont Dr. Embarcadero Rd. LOS GATOS Alameda De Las Pulgas Mi 6 Terminal Blvd. McCarthy Blvd. Junipero Serra E Alma St. Dr. Fabian Wy. Marine Wy. Garcia Ave. Chaleston Rd. lvd. MOFFETT Nortech Pkwy. Fortran Dr. Baytech Dr. 237 P. 6

9 AERIAL CR CIFI N PA SHINN TER WES R E STRE T CR R R THE SOU CIFI N PA P. 7

10 Area Overview Fremont Location and Community Offering Memorandum Acres in 3 Parcels Shinn Street, Fremont, California Colliers International

11 FREMONT LOCATION AND COMMUNITY FREMONT LOCATION AND COMMUNITY City Profile As the fourth largest city in the San Francisco Bay area, Fremont s Silicon Valley location is ideal setting for homes and businesses. Demographics Population: 214,000 Number of Households: 71,000 Average Household Income: $123,000 Education: 49% of residents have Bachelors, Graduate, or Professional degrees Estimated Annual Household Spending Potential: $2.7 billion Think Location Fremont is conveniently served by Interstates 680 and 880, as well as rail transport lines including Altamont Commuter Express (ACE), Amtrak Capitol Corridor and the Bay Area Rapid Transit System (BART). Fremont also has easy access to the San Jose, Oakland and San Francisco airports and the Port of Oakland. Think Innovation Fremont is home to a broad variety of innovative firms including over 1,200 high tech, life science, and clean technology firms. They have a broad range of quality, affordable business locations; a superior workforce; and incentive programs to meet your business needs. Think People Fremont is one of the most ethnically and culturally diverse cities in the Bay Area. Residents are attracted to Fremont for its nationally-recognized high-ranking public schools, its numerous well-kept parks, and a variety of recreational amenities, including beautiful Lake Elizabeth, Central Park, and Mission San José (California s 14th mission). Fremont is a wonderful community to live, work, and play. P. 9

12 LOCATION FREMONT LOCATION AND COMMUNITY Fremont Welcomes Innovative Technology Firms With 214,000 residents, Fremont is the second largest city in Silicon Valley and the fourth largest city in the San Francisco Bay Area. Fremont enjoys a vibrant and diversified globally connected economy with dozens of innovative firms, including Amgen, Deeya, Purfresh, and more. Emerging Technology Fremont welcomes clean tech and green tech firms to the area. Fremont enjoys a vibrant and diversified globally-connected economy with over 30 clean and green tech firms, including Solaria, Deeya Energy, Oorja Protonics, Intematix, and more. Clean Technology Business Tax Exemption Fremont wants to be the home of innovative clean technology firms. Location, Location, Location Fremont provides easy access throughout the East Bay, Silicon Valley, and the Tri-Valley area, which makes it easy to attract and retain quality employees. In addition to a great location, Fremont offers over 42 million square feet of office, R&D, manufacturing, and warehouse building space in three business districts ideal for commercial development and expansion that produce jobs: Ardenwood (10 minutes from the Peninsula) Baylands (west of Interstate 880) Warm Springs ( South Fremont along Interstate 680 & 880) Utility Services Fremont is served by the Alameda County Water District, Union Sanitary District, Pacific Gas & Electric, Allied Waste and Comcast Cable. P. 10

13 Property Overview Offering Memorandum Acres in 3 Parcels Shinn Street, Fremont, California Colliers International

14 PROPERTY OVERVIEW Size: General Plan: acres in three parcels APN s Industrial-Service. Special Study area. From the Fremont General Plan adopted December 13, 2012 > Implementation B: Designation of Special Study Areas Utilize Special Study Area (SSA) designations on the General Plan Land Use Map to identify areas where additional analysis is required prior to allowing changes to the land use. The Land Use Map designation for SSAs reflects the current allowable use, but as dictated by the General Plan text it is acknowledged that these areas may transition to new uses in the long-term. The types of studies to be conducted will vary from site to site, but may include analysis of traffic impacts, impacts of the proposed uses on adjacent property owners, and site-specific constraints (such as past use of toxic materials) which may influence future uses. Studies may be initiated by the City, property owners, or developers. Special Study Areas have been designated on the following sites: South Fremont/Warm Springs, the area identified in A above Tri City Landfill, located at the west end of Auto Mall Parkway Shinn Terminus, including the approximately 100 acres at the end of Shinn Street Henkel Property, located near the eastern end of Niles Boulevard In addition to the areas listed above, any area shown on the General Plan as Service Industrial that is less than 5 acres in size (or where the sum of all contiguous parcels with the designation is less than 10 acres) may be considered a candidate for a future General Plan Amendment. Such areas typically contain activities such as auto repair, building suppliers, older manufacturing enterprises, but are surrounded by higher value residential or commercial uses. Such isolated pockets of industrial use may not be compatible with the long-term vision for their surrounding areas, or may not represent the most economically productive use of the land. Land use changes on such sites would still be subject to a General Plan Amendment process that would include appropriate environmental analyses and site planning studies. Property: The property consists of acres in three parcels separated by a Union Pacific rail spur which connects to the main tracks located to the north of the USG property. Several buildings are located on the property, including a 78,973 sf warehouse, a 115,973sf manufacturing building and a 3,873 sf office building. A fiber optic terminal is located on the northwestern border of the eastern most parcels. Utilities: Fremont is served by the Alameda County Water District, Union Sanitary District, Pacific Gas & Electric, Allied Waste and Comcast. Access: The property is accessed by Shinn St. An additional access to the property is by Ford Lane and under the railroad tracks to the north of the property. Access to the area is easily accomplished from Interstates 680 & 880. Topography: Property is generally flat. Zoning: The property is zoned industrial but it is primed for redevelopment. Any land use change would require a General Plan and Zoning change through the administrative process at the City of Fremont. Colliers International and USG make no warranties as to the probability of such a successful land use change. This analysis is entirely up to the prospective of the interested party. P. 12

15 PARCEL MAP P. 13

16 Terms of Sale Offering Memorandum Acres in 3 Parcels Shinn Street, Fremont, California Colliers International

17 TERMS OF SALE TERMS OF SALE The following is a list of the terms that will guide the prospective Buyer in submitting a response to the RFP and enhance USG s knowledge and understating about the prospective Buyer in the selection of Prospective Purchasers process. USG reserves the right to reject any or all submissions, reject any submissions, elect not to proceed with the project at all, or change the schedule, procedures or objectives of the project or any aspect of the RFP at their discretion. Initial Discovery Phase Development Team: Experience: Provide name, address, telephone number, facsimile number and address of the principal contact person for the Participant s team. State whether the Participant is a company, partnership, joint venture, other. Identify the names of individuals or companies who hold a controlling interest in any of the responding firms. State how long the firms have been in business. What development activities are handled in house vs. utilizing outside firms? Provide supportive information such as brochures of participating firms. Please provide a comprehensive summary of the Participant s firm, its projects, background of key individuals, how long it has been in business and a discussion of its experience developing similar sites. Special emphasis on projects in Fremont, California. Provide a summary of the experience working with the various government bodies and the public on projects of this size and nature. Please include a list of current projects and location underway and the Participant s ownership status in those developments. Identify any potential conflicts of interest for the development team or individual members. Provide references from clients, consultants, government agencies, etc. Provide specifics on projects completed by the Participant similar to the proposed project in size, location, complexity and use. Provide a one page business history of the Participant and identify any past or current relationships with USG and or the City of Fremont, CA. Provide any experience on projects dealing with Union Pacific Railroad Record of Financial Strength and Capability Indicate the financial capability of the Participant. Provide bank and other financial references. Provide information on financing and funding on some of the other Participant s projects. Use & Development Strategy Identify the contemplated use(s), giving sufficient background on other similar projects that your firm has completed. Outline the proposed timing for the completion of the development. Highlight the general benefits that might transpire to the community, the city and the region. Briefly discuss how the Participant s proposed development will complement the surrounding area and benefit the adjacent neighborhood and the city. Provide a discussion on the possible requirement of use of affordable housing within the project or in-lieu fees. Outline the specific issues, hurdles or challenges in receiving entitlement approvals for this project and the solutions you foresee. P. 15

18 TERMS OF SALE Business Terms Offering Price. Proposed price and the conditions under which the Property will be delivered in an as is condition. Due Diligence. Time required to conduct a complete due diligence on the Property for the Participant s intended use. Earnest/Deposit Money. Amount and timing of earnest money deposits including schedule of when deposits are released to the Seller. Approvals. Time required to obtain governmental approvals for the Participant s intended use. Conditions. Details of any conditions or contingencies. Closing date. Estimated closing date. Financing. Provide overview of the financing details for this project. Subsequent Phase Development Team Provide an organizational chart of the Participant s proposed team structure. Planners, architects, subcontractor, designer, engineers, etc. Identify the names and experience of the key individuals who are assigned to this project. Please attach resumes of the key individuals. Use & Development Strategy Provide conceptual plans and proposed uses for the proposed development. List the main issues needed to overcome to achieve entitlements for the property. Specifically outline the proposed time lime for each phase of approvals for the project and the estimated completion date. Terms & Conditions of RFP USG has the right to: > Reject or accept and or all submissions, elect not proceed with the project at all, or change the schedule, procedures or objectives of the project or aspect of the RFP at their discretion. > Reject any or all claims for cost relating to the expenses for the submission > Disclaim all responsibility for any or all information in this document for references purposes. Participants are responsible for obtaining their own financial, environmental, accounting, legal, engineering, architecture and technical advice at their own expense. Agreement with these terms and conditions should be stated in the response to the RFP. Financial Strategy Provide a summary outlining how the financing will be structured, including debt and equity financing. Indicate whether the financing requirements are in place. Summarize any public funding possibilities the Participant envisions for the project. Identify which entities or individuals are expected to have a direct or indirect equity, debt or other financial interest in the development. P. 16

19 Contact Details: MARKET SPECIALIST: Bob Rowland Senior Vice President CA License No Offering Memorandum Acres in 3 Parcels Zoned Industrial Shinn Street, Fremont, California Colliers International The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents Colliers International