Embed Size (px)
Citation preview
SVN | DELTA GROUP REALTY, INC. | 7599 REDWOOD BLVD, SUITE 214, NOVATO, CA 94945 SALE BROCHURE
B&W RESORTMARINA AND DELTABOAT STORAGEFACILITY950 & 964 BRANNAN ISLAND RDISLETON, CA 95641
John WilliamsManaging [email protected] #00777607
Michael CohenAssociate [email protected] #02036229
OFFERING SUMMARY
Sale Price $12,000,000
Cap Rate (With Rate Increases): 7.96
Cap Rate (2018 Actuals): 6.06
NOI (With Rate Increases): $955,703
NOI (2018 Actuals): $727,742
Lot Size: 28.01 Acres
Total Building Sizes (Est): 170,012 SF
Zoning: C-O and Z-00
● 371 indoor boat storage units
● 100 boat berths (69 covered/31 uncovered). Accommodates boats from 18'-42'
● 23 cabins rented on a daily/weekly basis
● 1,800 sf house (3br 2ba)
● 2,000 sf snack bar and general store
● 2,000 sf maintenance building
● Gas dock and 3 wide boat launch
● Immediate upside potential
● Popular vacation destination
● Idyllic location
PROPERTY HIGHLIGHTS
Property Summary
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Beloved by generations of families who enjoy the delta, the B&W Resort Marina is a Delta institutionlocated in the delta loop with direct access to the Mokelumne River, San Joaquin River and greaterSacramento Delta.
Upside exists in almost every significant income stream. Among the below market revenue streams are:
• storage units’ monthly cost• cabin rental weekly rates• boat slip monthly rental fees• increase in boat launch fees
THE CALIFORNIA DELTA
Located less than an hour and a half from the nearly 8,000,000 residents of the the San Francisco Bay,the Sacramento–San Joaquin River Delta, or California Delta, is an expansive inland river delta and estuaryin Northern California. The economic boom the area has experienced has led to an enormous populationof residents who not only consider themselves outdoor enthusiasts who love to explore all the Bay Areahas to offer, but also who have the financial wherewithal to do just that.
The Delta is a popular site for recreation and is used for sailing, water-skiing, house-boating, fishing, andhunting. The Delta is home to over 100 marinas and 25 yacht clubs. In 2010, over 7 million 'annual visitorboating days' occurred on the Delta.
The Delta is formed at the western edge of the Central Valley by the confluence of the Sacramento andSan Joaquin rivers and lies just east of where the rivers enter Suisun Bay. The Delta consists ofapproximately 57 reclaimed islands and tracts, surrounded by 1,100 miles (1,800 km) of levees that border700 miles (1,100 km) of waterways. The southwestern side of the Delta lies at the foothills of the CaliforniaCoast Ranges, while to the northwest sit the lower Montezuma Hills.
PROPERTY OVERVIEW
TEXT HEADLINE
Add text here...
Property Description
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
B&W Resort Marina andDelta Boat Storage facility
Regional Map
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Property Name: B&W Resort Marina and Delta Boat Storage facility
Property Address: 500 & 964 Brannan Island Rd, Isleton, CA 95641
Property Type: Special Purpose
APN:156-0100-020-0000, 156-0100-015-0000, 156-0090-005-0000,
156-0090-004-0000, 156-0090-003-0000, 156-0090-002-0000
Lot Size: 28.01 Acres
Building Sizes: 170,012 SF
Zoning: Z00 and C-O
Number of Storage
Units:371
Number of Rental
Cabins:
23
Number of Boat Slips 100
Property Details & Highlights
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
B&W Resort Marina Site Map
SUBJECT PROPERTY
950 & 964 Brannan Island Rd, Isleton, CA 95641
$12,000,000Sale Price: 28.01 AcresLot Size: 170,012 SFBuilding SF:
$70.58Price PSF: 6.06%Cap: $727,742NOI:
1
OXBOW MARINA
100 Oxbow Marina Dr | Isleton, CA 95641
$10,000,000Sale Price: 28 AcresLot Size: 1979Year Built:
2,564 SFBuilding SF: $3,900.16Price PSF: 4%CAP:
$404,969NOI:
1
2
LAURITZEN YACHT HARBOR
75 Lauritzen Ln | Oakley, CA 94561
$4,500,000Sale Price: 18.39 AcresLot Size: 1960Year Built:
34,811 SFBuilding SF: $129.27Price PSF:
2
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Market Comps
3
TURNER CUT RESORT & MARINA
12888 Neugebauer Rd | Stockton, CA 95206
$1,800,000Sale Price: 9.13 AcresLot Size: 1970Year Built:
6,741 SFBuilding SF: $267.02Price PSF:
3
4
DAGMAR'S LANDING
14176 Hwy 160 | Walnut Grove, CA 95690
$1,142,220Sale Price: 1.139 AcresLot Size: 1950Year Built:
33,700 SFBuilding SF: $33.89Price PSF:
4
5
VERONA VILLAGE MARINA
6985 Garden Hwy | Nicolaus, CA 95659
$1,500,000Sale Price: 4.2 AcresLot Size: 2002Year Built:
1,197 SFBuilding SF: $1,253.13Price PSF:
5
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Market Comps
950 & 964 Brannan Island Rd, Isleton, CA 95641SUBJECT PROPERTY
1 100 Oxbow Marina DrIsleton, CA 95641
OXBOW MARINA2 75 Lauritzen Ln
Oakley, CA 94561
LAURITZEN YACHT HARBOR3 12888 Neugebauer Rd
Stockton, CA 95206
TURNER CUT RESORT & MARINA4 14176 Hwy 160
Walnut Grove, CA 95690
DAGMAR'S LANDING
5 6985 Garden HwyNicolaus, CA 95659
VERONA VILLAGE MARINA
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Market Comps Map
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Industry Trend info according to IBISWorld Industry Outlook (https://www.ibisworld.com/industry-trends/market-research-reports/arts-entertainment-recreation/marinas.html):"Gradual revenue growth is expected for the Marinas industry over the five years to 2021, with industry revenue projected to rise at an annualized rate of 0.3% to $4.8 billion. This forecast includes a 0.2%increase in 2017 alone. Transporting and launching a boat oneself can be an arduous task and take considerable daylight time away from the activity itself. In 2016, time spent on leisure and sports byconsumers is estimated to slightly decrease, placing more value on the limited time consumers have for recreational activities and the need for time-saving strategies. The increasing number of boats beingbuilt will also secure revenue for the future, as demand for storage services will increase."
INVESTMENT OVERVIEW 2018 ACTUALS YEAR 1
with rateincreases
Price $12,000,000Price per SF $70.58CAP Rate 6.1% 7.96%
Total Return (2018) $727,742 $955,703
OPERATING DATA
B&W Marina Income $752,101 $861,734Delta Boat Storage Income $854,080 $949,154TOTAL GROSS INCOME $1,606,182 $1,810,889
B&W Marina Expenses $599,617 $589,880Delta Boat Storage Expenses $278,822 $265,305TOTAL EXPENSES $878,440 $855,186
NOI $727,742 $955,703
Financial Summary
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Current Vs Proforma - Details
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Parcel Map
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Delta Boat Storage Zoning Docs
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Property Square Footage
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Property Square Footage
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
B&W RESORT MARINA AND DELTA BOAT STORAGE FACILITY | 950 & 964 BRANNAN ISLAND RD ISLETON, CA 95641 SVN | Delta Group Realty, Inc.The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
John WilliamsManaging Director
John Williams serves as a managing director for SVN/Delta Group Realty, Inc.,specializing in the sale of office, retail and multifamily properties in Marin County,California. With more than 40 years commercial real estate experience, Williamshas secured in excess of 500 transactions.
Prior to joining SVN, Williams served as owner and broker of Delta Group Realty,Inc. Since founding Delta Group Realty in 1981, he has secured leasing and salestransactions for multifamily, office, industrial, hospitality, land, and retail properties.Furthermore, Williams has developed office and residential properties and servedas a general partner in investment partnerships.
A 41 year resident of Novato, California, Williams received his bachelor's degree inBusiness from High Point University in North Carolina. He is active in thecommunity, serving as a member of the commercial and investment committee forthe Marin Association of Realtors, chairman of the Novato Economic DevelopmentCommission and president of the Novato Chamber of Commerce.
Michael CohenAssociate Advisor
Michael Cohen serves as an associate advisor for SVN | Delta Group Realty Inc. inNovato, CA. Novato is located 15 minutes north of San Francisco in Marin County.Cohen specializes in local leasing representing both landlords and tenants. He alsorepresents clients in the purchasing and selling of commercial space throughoutthe country with transnational experience in multi-family, industrial and land.
Prior to joining SVN, Michael spent 20 years in the Bay Area tech world helpingclients navigate through large sets of data in order to flesh out valuable businessinsight and analytics. He has worked with many of the Bay Area key industriesincluding banking, mortgage origination, biotech, and software design.
Michael attended the University of Massachusetts where he earned anundergraduate degree in Psychology and studied Public Policy and Administrationat the California State University in Sacramento.
In his spare time, he enjoys music, mountain biking, hiking, reading and travelingwith his wife and two daughters.
MEETTHE TEAM
Biography
SVN Real Estate Team
