7386 Stockton Blvd/6611 Orange Ave, Sacramento

7386 Stockton Blvd/6611 Orange Ave, Sacramento
7386 Stockton Boulevard
6611 Orange Avenue
Sacramento, CA
Investment Offering
Exclusively Offered By:
1401 Shore St., W. Sacramento, CA 95691
Phone: 916-371-9021
Fax: 916-373-0655
James B. MacLaughlin
jmaclaughlin@macco.org
916.374.4232 x3021
Table Of Contents
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Executive Summary
1
Property Summary
2-3
Rent Roll
4-6
Financial Summary
Traffic Count
7
____________________________________________________________________ _ 8
Property Photos_______________________________________________________________ _____ 9-12
Aerial Photo
13
Parcel Map______________________________________________________________ _________ __14
Area Maps
______________________
The information contained herein has been carefully checked and to the best of our knowledge is correct
but we assume no liability for representations as to values or for errors or omissions in this statement.
Client should carefully verify the above items before making any investment decisions.
15
Executive Summary
7386 Stockton Blvd/6611 Orange Ave, Sacramento
7386 Stockton Blvd/6611 Orange Ave is an opportunity to acquire a very well located retail
and automotive facility with long-term leases and rental upsight. This property ideally
located just South East of State Highway 99 and Florin Road.
Property Address:
7386 Stockton Blvd/6611 Orange Ave
Location:
Sacramento, CA
Building Area:
34,500 square feet
Price:
$7,000,000
Price per Square foot:
$202.90
Cap Rate:
8.0%
Assessor’s Parcel Number:
050-1311-022
050-0311-017
050-0311-045
Parcel Size:
3.56 Gross Acres
Zoning:
General Commercial
Year Built:
2006
Flood Zone:
Zone AE
Earthquake Zone:
None; Category D
Fire Sprinklers:
Yes
Tenant:
Retail and Automotive
Lease Type:
Multi Tenanted Triple Net
The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no
liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above
items before making any investment decisions.
Page 1
Property Summary
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Property Description: The subject property consists of three buildings totaling 34,500 square feet
on 3.56 acres.
Retail Square Footage:
21,000 Square Feet
Automotive
Square Footage:
13,500 Square Feet
Mechanical:
One HVAC Per Unit
Floors:
6” Reinforced Concrete Slab With Epoxy Filled
Expansion Joints
Grade Level Doors:
8 (Automotive)
Clear Height:
20’
Roof:
Metal
Roof Structure:
Metal
Fire Sprinkler:
Yes
Lighting:
T-8
Power:
200 Amp 480/277 Volt Panels
Insulation:
R-19 Throughout Warehouse
Utilities:
Water:
Cal Water
Sewer
City of Sacramento
Electric:
SMUD
Gas:
SMUD
Telephone:
SBC
Rail Service:
None
The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no
liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above
items before making any investment decisions.
Page 2
Property Summary
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Lease Type: Multi-tenanted triple net lease. The tenant is responsible for 100% of all costs for the
premises, including property taxes and insurance. In addition, the tenant is also responsible for all
repairs and maintenance of the premises with the exception of structural portions of the building.
Stockton & Orange Center: Location: the project is located approximately 10 miles south of
Downtown Sacramento and ½ mile south of Reconstructed Florin Mall.
Zoning-General Plan: The subject property is located within a General Commercial zoning area as
administered by the City of Sacramento. The zoning designation is intended to accommodate a wide
variety of uses including most types of automotive and retail uses.
Flood Zone: The subject property is located in Flood Zone AE FEMA Panel No. 060262-0310 F,
Dated July 6, 1998. Zone AE is designated as an area of base flood elevations and flooding and is
calculated statistically to have a probability of a 1% annual recurrence. There are several minimal
infrastructure bonds/assessments on the property. Each agency can be contacted for more
information. They are as follows:
Flood Control District Zone #9 (209)-468-3060
South Sacramento Interim Sewer CFD 90-1 (866)-807-6864
San Joaquin Area Flood Control Agency Bond (866)-807-6864
San Joaquin Area Flood Control Agency Operating/Maintenance (866)-807-6864
San Joaquin Mosquito Abatement (209)-982-4675
All of the above bonds appear on the property tax bill and are able to be paid off.
Earthquake Zone: Sacramento is not located in an earthquake zone.
The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no
liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above
items before making any investment decisions.
Page 3
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Rent Roll
#
Tenant Name & Address
Salesman
Lease
Comm
Lease Expires
5/1/2009
4/30/2017
Unit Sq. Monthly
Ft.
Rent/SF
Monthly Total
Security
Deposit
CAM %
Ins Base
Year
Tax Base Year
$4,410.00
$3,300.00
32.22%
32.22%
32.22%
Gross
Gross
Gross
Comments
ORANGE AVE
1
Pravindra Kumar
4,350
$1.01
6611 Orange Ave #A
(to 04/30/2015)
$1.04
$4,535.00
Gross Lease.
05/01/14: Lease converted to
gross.
(to 04/30/2016)
$1.07
$4,675.00
(to 04/30/2017)
2
Allied Signs
12/1/2013
5/31/2019
3,050
$0.68
Sean Nguyen
$2,060.00
$2,000.00
(to 11/30/2015)
6611 Orange Ave #B
$0.00
22.59%
22.59%
22.59%
Gross
Gross
Gross
22.59%
22.59%
22.59%
Gross
Gross
Gross
22.59%
22.59%
22.59%
Gross
Gross
Gross
100%
100%
100%
Gross Lease.
$0.00
(to 12/31/2015)
$0.70
$2,120.00
(to 12/31/2016)
$0.00
$0.00
(to 01/31/2017)
$0.71
$2,180.00
(to 01/31/2018)
$0.00
$0.00
(to 02/28/2018)
$0.73
$2,240.00
(to 05/31/2019)
3
Low Price Auto Glass
6/19/2006
Mo to Mo
3,050
$0.99
6611 Orange Ave #C
4
Agriculture Specialties
$3,000.00
$3,812.00
(Mo to Mo)
1/1/2014
3/28/2017
3,050
$0.59
6611 Orange Ave #D
$1,800.00
$2,000.00
(to 12/31/2014)
$0.62
Gross Lease.
Gross Lease.
$1,900.00
(to 12/31/2015)
$0.65
$2,000.00
(to 03/28/2017)
TOTAL
13,500
TOTAL LEASED
13,500
TOTAL VACANT
0
$11,270.00
$11,112.00
Page 5
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Rent Roll
#
Tenant Name & Address
Salesman
Lease
Comm
Lease Expires
9/1/2006
11/30/2016
Unit Sq. Monthly
Ft.
Rent/SF
Monthly Total
Security
Deposit
CAM %
Ins Base
Year
Tax Base Year
$3,349.00
$2,805.00
7.14%
7.14%
7.14%
NNN
NNN
NNN
14.28%
14.28%
14.28%
Gross
Gross
Gross
7.14%
7.14%
7.14%
Gross
Gross
Gross
7.14%
7.14%
7.14%
NNN
NNN
NNN
7.14%
7.14%
7.14%
Gross Lease.
Gross
Gross
Gross
Sub Lease for Star Beauty Lease
14.29%
14.29%
14.29%
Gross
Gross
Gross
6.47%
6.47%
6.47%
Comments
STOCKTON BLVD
1
China Express
1,500
$2.23
7386 Stockton Blvd #A
(to 08/31/2015)
$2.29
NNN Lease
$3,449.00
(to 11/30/2016)
2
TV for Less
4/1/2011
3/31/2015
3,000
$1.27
7386 Stockton Blvd #B-C
4
Juanita Tien & Ronnie Ma
7/1/2007
6/30/2015
1,500
$1.53
7386 Stockton Blvd #D
5
Lan Video's and Gift
A & D Beauty Supply
$1,500.00
$2,300.00
$2,530.00
(to 6/30/15)
1/1/2011
3/31/2014
1,500
$0.86
7386 Stockton Blvd #E
6
$3,800.00
(to 03/31/2015)
$1,300.00
$1,200.00
(to 03/31/2014)
11/1/2008
2/28/2016
3,000
$1.25
7386 Stockton Blvd #F-G
$3,750.00
$2,805.00
(to 12/31/2014)
$1.33
Gross Lease.
Gross Lease.
NNN Lease
$4,000.00
(to 02/28/2016)
7
Salvador Gomez
6/1/2007
7/31/2015
3,000
$1.77
& Jose Bonilla
$5,310.00
$5,700.00
(to 07/31/2015)
Gross Lease.
7386 Stockton Blvd #H-I
8
Dashers Auto Insurance
1/1/2011
3/31/2017
1,380
$0.82
7386 Stockton Blvd #J
$1,138.00
$1,000.00
(to 03/31/2015)
$0.85
NNN Lease.
(2) 3year options at fair market value
$1,175.00
(to 03/31/2016)
$0.88
$1,210.00
(to 03/31/2017)
9
Ross Massey
2/1/2015
1/31/2017
1,500
$0.80
7386 Stockton Blvd #K
$1,200.00
$1,200.00
(to 01/31/2016)
$0.87
7.14%
7.14%
7.14%
Gross
Gross
Gross
Gross Lease.
7.14%
7.14%
7.14%
Gross
Gross
Gross
7.14%
7.14%
7.14%
NNN
NNN
NNN
7.14%
7.14%
7.14%
NNN Lease
NNN
NNN
NNN
Option: 2-5yr @ Fair Market Value
92.16%
92.16%
92.16%
$1,300.00
(to 01/31/2017)
10
Ross Massey
1/15/2015
2/28/2016
1,500
$0.00
7386 Stockton Blvd #L
$0.00
$1,200.00
(to 02/28/2015)
Gross Lease.
$1,200.00
(to 02/28/2016)
11
Circle M Market
4/1/2011
6/30/2014
1,500
$1.00
7386 Stockton Blvd #M
12
California Check Cashing
$1,500.00
$1,200.00
(to 06/30/2014)
8/25/2006
12/31/2015
1,500
$2.26
7386 Stockton Blvd #N
$3,390.00
$3,000.00
(to 12/31/2014)
$2.32
NNN Lease
$3,490.00
(to 12/31/2015)
TOTAL
20,880
TOTAL LEASED
19,380
TOTAL VACANT
1,500
$27,037
$24,140
The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no
liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above
items before making any investment decisions.
Page 4
Financial Summary
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Income:
__________________
Gross Rental Income:
$474,080
Net Charge Reimbursement
$36,736
Other Income:
Total Income:
$ 5,685
$516,502
Vacancy 5%:
Effective Gross Income:
($ 25,825)
$490,676
Expenses:
________
Fire Monitoring
Storm Drainage
Life Safety
Life Safety Telephone
Water
Sewer
Electricity
Landscaping
Pest Control
P.M. Fees
@ 4%
Property Insurance
Property Taxes (Actual 2013-14)
Repairs & Maintenance
Maintenance Reserve
TOTAL EXPENSES
$ 1,967
$ 2,434
$
709
$ 4,120
$ 17,049
$ 8,224
$ 6,392
$ 6,000
$
840
$ 19,627
$ 4,355
$ 32,268
$ 11,589
$ 5,000
$ 120,574
Net Operating Income:
$ 370,102
N.O.I. 370,102 ÷ 7.7% CAP Rate = $5,287,171.00
Proposed Debt Service:
Down Payment 25%:
New Loan Amount:
Interest Rate:
Amortization:
Monthly Payment:
Annual Payment:
Cash Flow:
$1,587,141
$3,700,000
5.00%
30 Years
$19,862
$238,349
Cash on Cash Return:
The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no
liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above
items before making any investment decisions.
($467,829)
$131,753
8.30%
Page 7
Traffic Count
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Page 8
Property Photos
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Page 9
Property Photos
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Page 10
Property Photos
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Page 11
Property Photos
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Page 12
Aerial Photo
7386 Stockton Blvd/6611 Orange Ave, Sacramento
Sunrise Gold Cir.
The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no
liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above
items before making any investment decisions.
Page 13
Parcel Map
7386 Stockton Blvd/6611 Orange Ave, Sacramento
The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no
liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above
items before making any investment decisions.
Page 14
Area Maps
7386 Stockton Blvd/6611 Orange Ave, Sacramento
The information contained herein has been carefully checked and to the best of our knowledge is correct but we assume no
liability for representations as to values or for errors or omissions in this statement. Client should carefully verify the above
items before making any investment decisions.
Page 15