CHINO HILLS PARKWAY CHINO, CA - images1.loopnet.com€¦ · CHINO HILLS PARKWAY CHINO, CA. 2 LEASED INVESTMENT INVESTMENT OVERVIEW 5 28CHINO8HILLS8PARKWAY5258 CHINO HILLS PARKWAY

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LEASED INVESTMENT

SHY ASSARVice [email protected]#01964667

B R A N D N EW CO N ST RU C T I O N5258CHINO HILLS PARKWAYCHINO, CA

L E A S E D I N V E ST M E N T2INVESTMENT OVERVIEW

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Investment Offering• Built in 2018

• 21,762 SF high image industrial building

• 2,212 x 2 SF of 2-story office space

• 19,550 SF footprint

• 44 parking spaces

• Two (2) grade level loading doors

• Two (2) dock high loading doors with 1 additional knockout (3)

• 43,434 SF parcel

• ±28’ - 30’ Warehouse clearance

• 400 Amps of 240/480 volt electrical

• Ideal access to 71, 60, and 91 freeways

Investment Highlights• Atlantis Packaging

• Lease Term: 5 years from close of escrow

• In Place NOI: $240,000

• Annual Increases: 3%

• Sale Price: $5,150,000

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5258 CHINO HILLS PARKWAY

GL

GL

DH

DH

DH (Knockout)

CHINO HILLS PKWY

CE

NT

RA

L AV

E

Secured OutsideStorage Area Ga

te

Gate

Mezzanine

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Site Plan

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Locator Map

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Tenant Overview - Atlantis Packaging

Atlantis Paper & Packaging has served the industrial packaging industry since 1986. Atlantis Packaging is full service distributor of packaging products. Atlantis Packaging offers experience, quality products, and on-time deliveries to meet the client’s needs. Our staff of professional consultants with 50

years of combined experience can offer custom packaging solutions to meet the client’s requirements. Atlantis Packaging has grown to serve companies throughout the United States. With thousands of items in stock, Atlantis Packaging is a single source provider for all packaging, janitorial, and food service needs. From stock items, to custom designed packaging, equipment, and promotional items, Atlantis Packaging can provide any need.

At Atlantis, packaging includes more than stock boxes, bags, bubble wrap, and tape. It also includes an important marketing tool involving creativity, planning, and strategy that will successfully protect and sell your product. For years, Atlantis has been providing some of the nation’s largest retail manufacturers with their classic in-store packaging needs - chipboard folding cartons, laminated corrugated containers, blister cards, vacuum forms, labels and P.O.P displays that make up their full retail marketing effort.

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Replacement Cost Analysis

TABULATIONS

Land Area: 43,434 SF

Ground Floor Area: 19,550 SF

Mezzanine Area: 2,212 SF

Total Area: 21,762 SF

ESTIMATED BUILDING COST SF PRICE/SF

Land Cost: 43,434 $30.00 $1,303,020.00

Direct Cost from June 2017 plus CO’s - XEBEC Contract

$2,697,022.00

Escalation in Construction Costs 13 Mos. $350,612.86

Typical Indirect Cost at 30% of Hard Costs (A&E and Fees)

$914,290.46

Finance Costs 21,762 $5.00 $108,810.00

Vacancy - 1 Month $21,762.00

Free Rent - 2 Months $43,524.00

Leasing Commissions (6%) $62,674.56

Total Replacement Valuation: $5,501,715.88

Cost Per SF $252.81

Built By:

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Lease Abstract

» TYPE OF LEASE: AIR Single-Tenant NNN

» LEASE RATE: $0.92/SF NNN

» ESTIMATED TAXES: $0.22/SF

» ESTIMATED INSURANCE: $0.015/SF

» ASSOCIATION FEES: $0.07/SF

» GROSS RATE: $1.22/SF

» VACANCY: None

» RENTAL ABATEMENT: None

» TENANT IMPROVEMENTS: None

» LEASING COMMISSIONS: None

L E A S E D I N V E ST M E N TL E A S E D I N V E ST M E N T

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Lease Comps

ADDRESS LEASE RATE BLDGSIZE DATE COMMENTS

14750 E NELSON AVE UNIT JCITY OF INDUSTRY, CA

$1.21/SF Gross

22,710 9/2018 New Lease; ($1.15/SF IG + $0.06/SF CAM)

14750 E NELSON AVE UNIT ICITY OF INDUSTRY, CA

$1.21/SFGross

22,700 9/2018 New Lease; ($1.15/SF IG + $0.06/SF CAM)

14750 E NELSON ST UNIT CCITY OF INDUSTRY, CA

$1.15/SF Gross

16,860 8/2018 ($1.09/SF IG + $0.06/SF CAM)

14750 E NELSON AVE UNIT ACITY OF INDUSTRY, CA

$1.21/SFGross

12,710 7/2018 52 Mos; 2 Mos Free; Escalations: 4% Annually ($1.15/SF IG + $0.06/SF CAM)

19224 E WALNUT DR UNIT CCITY OF INDUSTRY, CA

$1.21/SF Gross

13,323 7/2018 62 Mos; 2 Mos Free; ($1.15/SF IG + $0.06/SF CAM)

14750 E NELSON AVE UNIT BCITY OF INDUSTRY, CA

$1.21/SFGross

15,110 9/2018 62 Mos; 2 Mos Free; Escalations: 4% Annually ($1.15/SF IG + $0.06/SF CAM)

14295 DON JULIAN RDCITY OF INDUSTRY, CA

$1.11/SF Gross

21,724 7/2018 37 Mos; 1 Mo Free ($1.05/SF IG + $0.06/SF CAM)

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Sale Comps

ADDRESS SALE PRICEPRICE/SF

BLDGSIZE

ENTERED ESCROW

CLOSED ESCROW COMMENTS

658 S 6TH STCITY OF INDUSTRY, CA $229/SF 32,306 SOLD Q32018 Owner/User; ($7,398,000)

815 ECHELON CTCITY OF INDUSTRY, CA $205/SF 29,086 SOLD Q32018 Owner/User; New Construction, State-of-the-Art Building ($5,962,630)

5475 DANIELS STCHINO, CA ±$195/SF 24,848 SOLD Q32018 Built in 2007; 06/3000 Sprinkler System; 26’ Clear Height; Sold to Investor

(±$4,847,310)

14744 CENTRAL AVECHINO, CA ±$222.50/SF 11,287 SOLD Q42018 Same Business Park as 5258 Chino Hills Parkway; No Secured Yard; No ESFR,

Shares Wall with Building Next Door; 22’ Clear Height (±$2,539,575)

5635 DANIELS STCHINO, CA ±$219/SF 15,031 SOLD Q42018 No Secured Yard; No ESFR, Shares Wall with Building Next Door; 24’ Clear

Height (±$3,442,100)

6285 PROVIDENCE WYEASTVALE, CA ±$191.28/SF 90,338 SOLD Q32018

4.5% CAP; Portfolio Sale – Average NNN rate $0.72/SF for 3 Buildings; Actual Lease Rate: $0.77/SF NNN (±17,279,666)

6310 PROVIDENCE WYEASTVALE, CA ±$191.28/SF

50,637 SOLD Q32018 4.5% CAP; Portfolio Sale – Average NNN rate $0.72/SF for 3 Buildings; Actual Lease Rate: $0.67/SF NNN (±17,279,666)

6245 PROVIDENCE WYEASTVALE, CA ±$210/SF 27,636 TBD TBD

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LEASED INVESTMENT | FOR SALE ±21,762 SF | 5258 CHINO HILLS PARKWAY

Licensed as a Real Estate Broker by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. ©2018 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.

SHY ASSARVice [email protected]#01964667

L E A S E D I N V E ST M E N T

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