Granite Bay Medical/ Building, Granite Bay, CA MAKE OFFER: INVESTMENT OR OWNER/USER OPPORTUNITY ROCKLIN ROSEVILLE SITE (5 MI TO I-80) FEATURES & HIGHLIGHTS Rental Rate: $2.00/SF + Utilities & Janitorial Total building size: 8,243 SF (100% Leased) 4,439 SF available with notice (suites A, B, & D) for Owner/User jwalker@ Douglas Blvd GRANITE BAY Douglas Boulevard frontage with high visibility FOLSOM LAKE Excellent area demographics and attractions CITRUS HEIGHTS FOLSOM Current tenants: Zanzi Dental, Mills Dental, Wellness Management, Auto Express, Inc.
FEATURES & HIGHLIGHTS 2016 upgrades included: new roof installed, 1 HVAC unit replaced, updated landscaping and drains, and upgraded high speed Internet jwalker@ New parking lot was installed in 2017 Referred to as Hidden Lakes Health Care & Dental Land Size: ±0.83 AC Zoned: C1LDC Year Built: 1989 APN: 048-360-053 DEMOGRAPHICS 1 mile 3 miles 5 miles Population 5,745 27,889 117,173 Avg HH Income $135,215 $139,327 $110,799 Avg Age 44.50 43.20 41.10 Median Home Value $592,027 $631,735 $448,894
FLOOR PLANS (NOT TO SCALE) OCCUPIED VACANT POTENTIAL BUILDING RECONFIGURATION jwalker@ UNIT B (±1,563 SF) UNIT A (±1,613 SF) UNIT A (±4,475 SF) Common Area (±486 SF) UNIT C (±1,650 SF) UNIT F (±2,154 SF) UNIT D (±1,263 SF) UNIT C (±1,650 SF) RENT ROLL UNIT F (±2,154 SF) SUITE A SUITE B SUITE C SUITE D SUITE F Month-to-Month Month-to-Month Wellness Mgmt Month-to-Month Dr. Zandi 1,613 SF 1,563 SF 1,650 SF 1,263 SF 2,154 SF
FLOOR PLANS (NOT TO SCALE) X-ray jwalker@ Lab RR Admin Dr. UNIT B (±1,563 SF) Reception UNIT A (±1,613 SF) POTENTIAL SUITE A RECONFIGURATION Reception Breakroom RR UNIT D (±1,263 SF) ADA RR Strg Breakroom Recep Waiting room
Auburn Folsom Rd FOR SALE / LEASE SITE PLAN jwalker@ SITE Douglas Blvd BAYSIDE ANIMAL HOSPITAL BRIGHTON SCHOOLS GRANITE BAY PRESCHOOL
2016 INCOME & EXPENSE SUITE TENANT SF LEASE START LEASE END RENT / MO. BASE RENT/YR PSF /MO. OPTIONS A Auto Express 1,613 1/1/2016 MTH $3,113 $37,356 $1.93 none B Mills Dental* 1,563 1/1/1990 MTH $3,045 $36,540 $1.95 none jwalker@ C Wellness Mgmt 1,650 11/2014 4/30/2020 $2,640 $31,680 $1.60 3-5 yr D Auto Express 1,263 1/1/2016 MTH $2,438 $29,256 $1.93 none F Zanzi Dental 2,154 1/1/2014 12/31/2018 $4,250 $51,000 $1.97 3-5 yr 8,243 $15,486 $185,832 $1.88 *For an investor purchase, Mills Dental is willing to extend its lease. Auto Express will guarantee rent through December 2018. OPERATING INCOME 2016 ACTUAL EXPENSES: 2016 ACTUAL Rent $185,832.00 Tenants pay separate electric, gas, and janitorial TOTAL TAXABLE INCOME $185,832.00 TOTAL CAM INCOME $0.00 TOTAL OPERATING INCOME $185,832.00 Less Opex (summary to the right) ($42,680.00) NET OPERATING INCOME $143,152.00 6 Cap $2,385,000.00 Fire Alarm $2,543.00 Building Repairs $2,000.00 General Repair & Maintenance $3,000.00 Property Insurance $1,727.00 Property Taxes at Purchase $26,000.00 Landscape Maintenance $4,386.00 Management Fee (owner self manages) $0.00 Pest Control $816.00 Water $2,008.00 PG&E Lighting - lobby, exterior and parking lot $2,000.00 SubTotal $42,680.00