150,323± sf in 6 Buildings on 11.71± Acres 2706 Giffen Avenue, Santa Rosa, CA Prime Development/ Redevlopment Opportunity Industrial Buildings for Sale $225,464 Annual Net Income in Place.
Highway 12 PATRIOT NORTHPOINT INDUSTRIAL PARK The Offering This six building Property was part of a larger multi-building corporate campus occupied by JDSU s Advanced Optical Technologies unit. Highway 12 Advanced Optical, acquired in 2000 by JDSU, is a worldwide leader in the manufacturing of optical thin film coatings used in many technologies. JDSU still employs over 500 people on the adjacent properties. This property is well-located in the Northpoint Business Park adjacent to the existing 230,000± sf four-building JDSU campus. The six (6) building campus offers a great value-add proposition for a developer or user. Other businesses in the industrial park include: Amy s Kitchen, Becoming Independent, Infostor, Sonic.net, and more. The offering is on an as-is basis for the fee interest in the Property.
Building Square Feet Leaseback Status 2 26,873± 13,437± s.f. - JDSU 1-Year 50% Leased, 50% Vacant 3 31,298± Entire Building - JDSU 3-Year LEASED 4 36,682± N/A Available 5 30,770± N/A Available 6 15,000± N/A Available 7 9,700± N/A Available TOTAL 150,323± Individual floor plans are available for each building
Building 2: 26,877± sf single story concrete tilt-up flex R&D/light industrial building. 50% leased to JDS Uniphase through August 31, 2013 with four (4) 1-year options to renew. 50% occupied by JDS Uniphase and 50% currently vacant. There is a dropped ceiling with HVAC throughout and a small warehouse area. The vacant space is all dropped ceiling with HVAC and private offices and work rooms. 93 ton roof mounted HVAC unit in place. A sprinkler riser was recently added to the building. Building 3: 31,298± sf single story concrete tilt-up flex R&D/light industrial building. 100% leased to JDS Uniphase through August 31, 2015 with one (1) 3-year option to renew. Office and R&D improvements with dropped ceiling and 4,500± sf open warehouse space with 12-13 clear height, seven (7) exterior roll-up doors and six (6) interior roll-up doors. The building features a mix of private offices, work rooms, and two (2) handicap restrooms. 148 ton roof mounted HVAC unit in place. Building 4: 36,882± sf single story unsprinklered concrete tilt-up building that includes 4 grade level roll-up truck doors. ±12-14 interior clear height for the entire building. Building includes beautiful redwood roof interior and glulam beams that are attractive to high tech tenants. A sprinkler riser was recently added to the building by the current ownership. A 233 ton roof mounted HVAC unit is in place. No interior distribution of HVAC.
Building 5: 30,770± sf single story concrete tilt-up building with 16-17 interior clear height. The space has been demolished to building studs with a central plumbed bathroom core fixtures have been removed. A 181 ton roof mounted HVAC unit is in place. There is partial distribution of the exterior HVAC that is in place in the building. Building 6: 15,000± sf single story fire sprinklered steel frame metal warehouse building with 14-17 clear height in shell condition. The building includes a one (1) ton overhead crane in place. Windows on ground floor and above, an alarm, two (2) grade level roll-up truck doors. Ideal single user building for a variety of light industrial uses or for contractors. 62 ton roof mounted HVAC unit in place. Building 7: Two story concrete tilt-up building with approximately 9,700± sf and two (2) grade level roll-up truck door. The building originally consisted of 2,343± sf first floor lab area; 4,022± sf first floor manufacturing space and 3,165± sf second floor office space. The original configuration remains in shell condition. 37 ton roof mounted HVAC unit in place. Partial distribution of HVAC is in place.
TENANT TOTAL BLDG SF Building 2 JDS Uniphase 26,873± Leased 13,437± Vacant 13,440± Current Income & Expense Summary Property Type: Industrial Lease Type: NNN Lease Type: NNN AREA SF RENT PSF MONTHLY RENT $.42 $5,643.54 9/1/12 8/31/13 Building 3 JDS Uniphase 31,298± $.42 $13,145.16 9/1/12 8/31/15 Building 4 36,682± Building 5 30,770± Building 6 15,000± Building 7 9,700± TOTAL 150,323± TOTAL SF LEASED: $18,788.70 44,735± LEASE PERIOD TAXES INS. COM. AREA RENT ESC. T=Tenant / O = Owner EXT. OPTION T T T 3% (4) 1-year options T T T 3% 3-year option
Primary Type: Industrial Price: Price PSF: Size in s.f. $4,509,690 $30.00± psf 150,323± sf Agent: Michael Flitner & Kevin Doran DRE License #s: 00840890 & 01704987 Cap Rate: 5% Property Address: Co., Inc. ONCOR International 1355 North Dutton Avenue Santa Rosa, California 95401 (707) 528-1400; (707) 524-1419 (fax) mflitner@keegancoppin.com kdoran@keegancoppin.com 2706 Giffen Avenue Santa Rosa, CA 95407 Lot Size in Acres: APN #: Zoning: 11.71± acres 010-450-008 Light Industrial Property Description: The property consists of six (6) buildings totaling 150,323 sq. ft of space on an approximately 11.71 acre parcel. Building #3 and one half of Building #2 are currently leased to JDS Uniphase and generates $225,464 in annual income. Great re-development or user opportunity! Total Annual Adjusted Net Income: (see detail, back page) Total Annual Projected Operating Expense: (see detail, back page) $225,464.40 ($0) Total Annual Net Operating Income: $225,464.40