EAST SACRAMENTO MIXED USE - LoopNet · This 100% stabilized Class A Mixed-Use building was constructed in 2016 in East Sacramento and is centrally located in the fast growing 65th

EAEASST ST SAACRAMENTCRAMENTO MIXED USEO MIXED USE6601 Folsom Blvd. , Sacramento, CA 95819

MIXED-USE PROPERTY FOR SFOR SALEALE

PRESENTED BPRESENTED BYY::

GREG AGREG AGUIRREGUIRRE

916.514.5225 [email protected]

RRYYAN ORNAN ORN


JOE BLANTJOE BLANTONON


CAPITALRIVERS

COMMERCIAL

[email protected]

http://capitalrivers.com/

mailto:[email protected]

https://www.linkedin.com/in/gregaguirre1/

https://www.facebook.com/capitalrivers

https://twitter.com/capitalrivers

MIXED-USE PROPERTY FOR SFOR SALEALE JJANUANUARARY 20Y 20, 20, 202020 22

P R O P E R T Y I N FO R M AT I O N

11

LO C AT I O N I N FO R M AT I O N

22

F I N A N C I A L A N A LYS I S

33

D E M O G R A P H I C S

44

CONFIDENTIAL ITY & D ISCLAIMERAll materials and information received or derived from Capital Rivers Commercial its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability orsuitability, financial performance of the property, projected financial performance of the property forany party’s intended use or any and all other matters.

Neither Capital Rivers Commercial its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the any materialsor information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct ofits own due diligence to determine these and other matters of significance to such party. CapitalRivers Commercial will not investigate or verify any such matters or conduct due diligence for a partyunless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including through appropriatethird party independent professionals selected by such party. All financial data should be verified bythe party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. Capital Rivers Commercial makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data orassumptions. Capital Rivers Commercial does not serve as a financial advisor to any party regardingany proposed transaction. All data and assumptions regarding financial performance, including thatused for financial modeling purposes, may differ from actual data or performance. Any estimates ofmarket rents and/or projected rents that may be provided to a party do not necessarily mean thatrents can be established at or increased to that level. Parties must evaluate any applicablecontractual and governmental limitations as well as market conditions,vacancy factors and otherissues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions should bediscussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements should bediscussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by Capital Rivers Commercial incompliance with all applicable fair housing and equal opportunity laws.

TABLE OF CONTENTS

EAST SACRAMENTO MIXED USE 6606601 FOLSOM BL1 FOLSOM BLVDVD. , S. , SAACRAMENTCRAMENTOO, CA 9, CA 958195819

PROPERTY INFORMAPROPERTY INFORMATIONTION11

OFFERING SUMMAROFFERING SUMMARYY

Sale Price: $6,750,000

Number Of Units: 12

Lot Size: 0.44 Acres

Year Built: 2016

Building Size: 14,755

Zoning: RMX-TO

Market: East Sacramento

Submarket: CSUS

Traffic Count: 20,156

This 100% stabilized Class A Mixed-Use building was constructed in 2016 in East Sacramento and is centrallylocated in the fast growing 65th and Folsom Corridor. Just a short walking distance to the 65th Street Light RailStation, a block from California State University, Sacramento (CSUS) - 28,016 students / 5,662 employees, and inclose proximity to the SMUD Headquarters (2,000+ employees) as well as multiple medical institutions includingUC Davis Medical Center, Mercy Hospital and Sutter Hospital places it in an ideal location for longterm appreciationand constant rental demand. For an additional Student Housing Opportunity, add on the 1.54 acres of landadjacent to the building.

PROPERTY OPROPERTY OVERVERVIEWVIEW

PROPERTY HIGHLIGHTPROPERTY HIGHLIGHTSS

• Newly constructed 100% stabilized Class A Mixed-Use building in the highly desirable East Sacramento area.

• 10 high quality residential units w/in-unit washer and dryer as well as patio/balcony

• 2 popular retail tenants with long-term 10 year leases

• Located in the high growth 65th and Folsom Corridor of Sacramento, CA

• Adjacent to California State University, Sacramento (CSUS) - 28,016 students / 5,662 employees

• Ideally located in short walking distance to the 65th Street Light Rail Station and CSUS campus

• Additional 1.54 acres Land adjacent to the building for added value at $5,250,000.

EXECUTIVE SUMMARY


MIXED-USE PROPERTY FOR SFOR SALEALE PROPERTY INFORMAPROPERTY INFORMATIONTION 44


This 100% stabilized Class A Mixed-Use building was constructed in 2016 in East Sacramento and iscentrally located in the fast growing 65th and Folsom Corridor. Just a short walking distance to the65th Street Light Rail Station, a block from California State University, Sacramento (CSUS) - 28,016students / 5,662 employees, and in close proximity to the SMUD Headquarters (2,000+ employees)as well as multiple medical institutions including UC Davis Medical Center, Mercy Hospital and SutterHospital places it in an ideal location for longterm appreciation and constant rental demand.

PROPERTY OPROPERTY OVERVERVIEWVIEW

This newly constructed Class A Mixed-Use asset is centrally located in the fast growing 65th andFolsom Corridor. Just a short walking distance to the 65th Street Light Rail Station, a block fromCalifornia State University, Sacramento (CSUS) - 28,016 students / 5,662 employees, and in closeproximity to the SMUD Headquarters (2,000+ employees) as well as multiple medical institutionsincluding UC Davis Medical Center, Mercy Hospital and Sutter Hospital places it in an ideal locationfor longterm appreciation and constant rental demand.

Adjacent to the subject property is the very successful Mixed-Use project, F65, which includesresidential units over a mix of restaurants and retailers including Starbucks, Jamba Juice, DosCoyotes and Bento Box. The Upper Eastside Lofts in this same area is a 435 bed student housingdevelopment that was originally developed for professional housing but was then master leased toCSUS for the University’s growing population.

There is an additional opportunity with 1.54 acres next to the building for another Student HousingProject. A projection of a 6 story building with an estimated 480 beds.

LLOCAOCATION OTION OVERVERVIEWVIEW

PROPERTY DESCRIPTION



SSALE HIGHLIGHTALE HIGHLIGHTSS

• Newly constructed 100% stabilized Class A Mixed-Use building in the highly

desirable East Sacramento area.

• 10 high quality residential units w/in-unit washer and dryer as well as patio/

balcony

• 2 popular retail tenants with long-term 10 year leases

• Located in the high growth 65th and Folsom Corridor of Sacramento, CA

• Adjacent to California State University, Sacramento (CSUS) - 28,016

students / 5,662 employees

• Ideally located in short walking distance to the 65th Street Light Rail

Station and CSUS campus

• Additional 1.54 acres of land adjacent to the building is idea for another

Student Housing project. Land is additional $5,900,000.

• A projected 6 story building with a potential 480 additional beds for the

additional land opportunity.

COMPLETE HIGHLIGHTS



AREA MAP


RESIDENTIAL UNITS



ADDITIONAL PHOTOS



LLOCAOCATION INFORMATION INFORMATIONTION22

COMMUNITY MAP


MIXED-USE PROPERTY FOR SFOR SALEALE LLOCAOCATION INFORMATION INFORMATIONTION 1111

Property Location (Shown in Red) - Additional Land (Shown in Green) also Available (Contact Broker for More Info.)

ADDITIONAL PHOTOS


MIXED-USE PROPERTY FOR SFOR SALEALE 1212


ADDITIONAL PHOTOS



ADDITIONAL PHOTOS


East Sacramento Mixed Use


REGIONAL MAP



AERIAL MAP


FINANCIAL ANALFINANCIAL ANALYYSISSIS33

MIXED-USE PROPERTY FOR SFOR SALEALE FINANCIAL ANALFINANCIAL ANALYYSISSIS 1818

INVESINVESTMENT OTMENT OVERVERVIEWVIEW EAEASST ST SAACRAMENTCRAMENTO MIXED-USE BUILDINGO MIXED-USE BUILDING

Price $6,750,000CAP Rate 5.2%Total Return (yr 1) $159,633Debt Coverage Ratio 1.36

OPERAOPERATING DTING DAATTAA EAEASST ST SAACRAMENTCRAMENTO MIXED-USE BUILDINGO MIXED-USE BUILDING

Gross Income $412,896Operating Expenses $82,802Net Operating Income $350,459Pre-Tax Cash Flow $92,542

FINANCING DFINANCING DAATTAA EAEASST ST SAACRAMENTCRAMENTO MIXED-USE BUILDINGO MIXED-USE BUILDING

Down Payment $3,250,000Loan Amount $3,500,000Debt Service $257,917Debt Service Monthly $21,493Principal Reduction (yr 1) $67,091

FINANCIAL SUMMARY



INCINCOME SUMMAROME SUMMARYY EAEASST ST SAACRAMENTCRAMENTO MIXED-USE BUILDINGO MIXED-USE BUILDING PER SFPER SF

Market Rental Income $412,896 $27.98

GrGrososs Incs Incomeome $4$412,812,89696 $2$277.98.98

EXPENSE SUMMAREXPENSE SUMMARYY EAEASST ST SAACRAMENTCRAMENTO MIXED-USE BUILDINGO MIXED-USE BUILDING PER SFPER SF

Operating Expenses $82,802 $5.61

GrGrososs Expensess Expenses $82,80$82,8022 $5.6$5.611

Net OperNet Operaating Incting Incomeome $3$35050,45,4599 $23.$23.7755

INCOME & EXPENSES



UNITUNITNUMBERNUMBER

UNITUNITBEDBED

UNITUNITSIZE (SF)SIZE (SF)

LEALEASESESSTTARTART

CURRENTCURRENTRENTRENT

CURRENTCURRENTRENT (PER SF)RENT (PER SF)

MARKETMARKETRENTRENT

MARKETMARKETRENTRENT/SF/SF

SECURITYSECURITYDEPODEPOSITSIT

200 2 875 9/20/17 $2,000 $2.29 $2,000 $2.29 $2,500

201 1 480 2/18/17 $1,250 $2.60 $1,350 $2.81 $1,250

202 2 870 9/26/17 $2,000 $2.30 $2,000 $2.30 $2,000

203 1 596 5/15/17 $1,300 $2.18 $1,350 $2.27 $1,300

204 2 895 6/1/17 $1,800 $2.01 $2,000 $2.23 $1,500

300 2 875 3/20/17 $2,000 $2.29 $2,000 $2.29 $1,300

301 1 480 1/14/17 $1,350 $2.81 $1,350 $2.81 $1,300

302 2 870 6/1/17 $1,900 $2.18 $2,000 $2.30 $1,900

303 1 596 2/7/17 $1,350 $2.27 $1,350 $2.27 $1,300

304 2 895 4/20/17 $1,900 $2.12 $2,000 $2.23 $1,500

Z-pizza & Taproom 2,668 2017 $10,308 $3.86 $10,308 $3.86

Beach Hut Deli 1,584 2017 $6,336 $4.00 $6,336 $4.00

TTotals/Aotals/Avvereragesages 11,68411,684 $33,4$33,49494 $2.8$2.877 $34,$34,044044 $2.64$2.64 $15,850$15,850

RENT ROLL


DEMOGRAPHICSDEMOGRAPHICS44

MIXED-USE PROPERTY FOR SFOR SALEALE DEMOGRAPHICSDEMOGRAPHICS 2222

1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total population 11,509 131,980 374,373

Median age 36.4 36.0 34.5

Median age (Male) 34.6 34.6 33.6

Median age (Female) 40.1 37.9 35.6

Total households 5,336 56,515 153,324

Total persons per HH 2.2 2.3 2.4

Average HH income $68,757 $66,341 $60,576

Average house value $342,284 $368,368 $322,516

* Demographic data derived from 2010 US Census

DEMOGRAPHICS REPORT


MIXED-USE PROPERTY FOR SFOR SALEALE DEMOGRAPHICSDEMOGRAPHICS 2323

POPULAPOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total population 11,509 131,980 374,373

Median age 36.4 36.0 34.5

Median age (Male) 34.6 34.6 33.6

Median age (Female) 40.1 37.9 35.6

HOUSEHOLDHOUSEHOLDS & INCS & INCOMEOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total households 5,336 56,515 153,324

# of persons per HH 2.2 2.3 2.4

Average HH income $68,757 $66,341 $60,576

Average house value $342,284 $368,368 $322,516

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAP


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EAST SACRAMENTO MIXED USE - LoopNet · This 100% stabilized Class A Mixed-Use building was constructed in 2016 in East Sacramento and is centrally located in the fast growing 65th