OFFERING MEMORANDUM VALUE ADD COMMERCIAL: CLOSE PROXIMITY TO UC DAVIS MED CENTER 3749 Stockto 3749 Stockton Bl n Blvd, 3751 Stockto vd, 3751 Stockton Bl n Blvd, Sacra vd, Sacramen mento, CA 95820 to, CA 95820
O F F E R I N G M E M O R A N D U M
VALUE ADD COMMERCIAL: CLOSE PROXIMITY TO UC DAVIS MED CENTER3749 Stockto3749 Stockton Bln Blvd, 3751 Stocktovd, 3751 Stockton Bln Blvd, Sacravd, Sacramenmento, CA 95820to, CA 95820
3749 Stockton Bl3749 Stockton Blvd, 3751 Stockton Blvd, 3751 Stockton Blvdvd
Sacramento, CA 95820
Joshua BallesterosInvestment Advisor
CalDRE #02010271
03PROPERTYINFORMATION
05FINANCIALANALYSIS
12LOCATIONINFORMATION
16SALECOMPARABLES
21RENTCOMPARABLES
26DEMOGRAPHICS
Table of Contents
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S E C T I O N 1
ProProperty Iperty Innfoformarmatitioonn
PR
OP
ERTY
INFO
RM
ATIO
N
3
Executive Summary
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$875,000SQ FT
4,993 SFFULLY LEASED CAP RATE
6.48%
ProProperty Hperty Hiigghhliligghhtsts
• Close proximity to new UC Davis Med Center. UC Davis MedicalCenter is planning to grow from 3.5 million square feet to 6.2million over the next decade.
• The new $60 million hospital will create 200 new jobs, offerconvenient care for local patients and families, and be located atAggie Square, the university’s newly announced technology andinnovation hub just south of the Medical Center.
• Value Add Opportunity with front office/storefront available.
• Currently leased to Mo Betta Restaurant and Three Trees Inc.
• Three Trees Inc is a Cannabis delivery service with deliverylicense pending with city of Sacramento. Includes back loadingarea and fenced in yard.
• Stockton Blvd, one of the main arteries in the city ofSacramento.
• Tenants on short term leases allow owner the flexibility ofmaintaining property for investment purposes or futuredevelopment potential.
• Restaurant on separate meter, pays own utilities.
Other DetaiOther Detailsls
Cap Rate: 3.46%
NOI: $30,228
Fully Leased NOI: $56,668
Occupancy Rate: 56%
Price / SF: $175
Price/ SF Land: $83
Lot Size: 0.24 AC
Year Built: 1951/1991
APN 015-0242-024-0000,015-0242-023-0000
Zoning: C-2, SP
S E C T I O N 2
FFiinananciancial Al Ananallysisysis
FINA
NC
IAL A
NA
LYS
IS
5
TTenantenantNNameame
UniUnitt(SF)(SF)
%%SFSF
MonthMonthllyyRRent/SFent/SF
MonthMonthllyyRRentent
AnnuaAnnuallRRent/ent/
SFSFAnnuaAnnuall
RRententLeaseLease
ExpExpLeaseLeaseTTypeype
FuFullllyy LeasedLeasedMonth/PSFMonth/PSF
FuFullllyyLeasedLeased
MonthMonthllyyRRentent
FuFulllly Leasedy LeasedAnnuaAnnual Rl Rent/ent/
SFSF
FuFulllly Leasedy LeasedAnnuaAnnual Rl Rentent
FrontOffice(Vacant)
2,200 44% $0.00 $0 $0 $0 MG $1.00 $2,200 $12.00 $26,400
ThreeTrees Inc
1,300 26% $1.54 $2,000 $18.46 $24,000 9/29/2022
MG $1.50 $2,000 $18.46 $24,000
Mo BettaRestaurant
1,500 30% $1.27 $1,900 $15.20 $22,800 7/31/2024
MG $1.27 $1,900 $15.20 $22,800
Totals/Averages
5,000 $9.36 $3,900 $9.36 $46,800 $1.22 $6,100 $14.64 $73,200
Rent Roll
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Income & ExpensesIncome & Expenses AActuactuall FuFulllly Leasedy Leased
Rental Income $46,800 $73,200
Expense BreakdoExpense Breakdownwn AActuactuall FuFulllly Leasedy Leased
Taxes (reassessed upon sale) 1.58% $13,652 $13,652
Insurance $2,500 $2,500
Utilities $360 $360
* Restaurant Pays Own Utilities -- --
Total Expenses $16,512 $16,512
VVaalluauationtion AActuactuall FuFulllly Leasedy Leased
Cap Rate 3.46% 6.48%
Net Operating Income $30,288 $56,688
Price $875,000 $875,000
Financial Summary
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Additional Photos
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Additional Photos
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Additional Photos
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Additional Photos
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S E C T I O N 3
LocaLocatitioon In Innfoformarmatitioonn
LOC
ATIO
N IN
FOR
MA
TION
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Points of Interest
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Regional Map
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HHiigghhliligghhtsts
• Sacramento is capital to the 5th largest global economy.
• 6th largest major metro in California.
• 17% Job Growth Projection 2015-2023.
• 27% percent with bachelor degree or higher.
• Sacramento County's population is expected to grow from 1.44million in 2013 to 1.58 million in 2023, a 9.4 percent increase
• (SACTO 2014/2015 Regional Report).
• The Sacramento region moved from 6th to 5th in the UnitedStates in the 2014 Clean Tech Leadership Index.
• The Wall Street Journal called Sacramento one of the next greatplaces to eat in the United States (March 2015).
• Sacramento ranked No. 8 on the Fit Cities Index(Betterdoctor.com, 2015).
• The gross value of agricultural production in Sacramento Countyin 2013 was $457.3 million, with wine grapes topping the list ofproducts at $141.2 million.
• The California Chapter of the American Planning Associationnamed the 32-mile American River Parkway trail as one of threeinaugural "Great Places in California" in 2015.
• For 3 years in a row, Sacramento International Airport has beenranked 4th in North America for customer service by AirportsCouncil International (ACI), the international trade association forcommercial airports. (ACI, 2015).
Sacramento Highlights
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S E C T I O N 4
SaSalle Coe Commpaparablrableses
SALE C
OM
PAR
AB
LES
16
SSubject Proubject Propertyperty3749 Stockton Blvd, 3751 Stockton Blvd | Sacramento, CA 95820
$875,000Sale Price: $175.25Price PSF: 4,993 SFBuilding SF:
1951Year Built: 0.24 AcresLot Size:
--
13441 Stockton Bl3441 Stockton BlvdvdSacramento, CA 95820
$226,000Sale Price: 06/01/2019Closed: $200.00Price PSF:
1,130 SFBuilding SF: 1910Year Built: 0.24 AcresLot Size:
11
Sale Comps
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23701 Stockton Bl3701 Stockton BlvdvdSacramento, CA 95820
$525,000Sale Price: 09/06/2018Closed: $152.62Price PSF:
3,440 SFBuilding SF: 1954Year Built: 0.13 AcresLot Size:
22
33800 Stockton Bl3800 Stockton BlvdvdSacramento, CA 95820
$880,000Sale Price: 11/27/2019Closed: $238.81Price PSF:
3,685 SFBuilding SF: 1962Year Built: 0.15 AcresLot Size:
33
Sale Comps
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SSubject Proubject Propertyperty PricePrice Bldg SFBldg SF Price/SFPrice/SF CAPCAP # of Uni# of Unitsts
VALUE ADD COMMERCIAL: CLOSE PROXIMITY TO NEW UC DAVIS MEDCENTER3749 Stockton Blvd, 3751 Stockton BlvdSacramento, CA 95820
$875,000 4,993 SF $175.25 - 3
SaSale Compsle Comps PricePrice Bldg SFBldg SF Price/SFPrice/SF CAPCAP # of Uni# of Unitsts CloseClose
13441 Stockton BlvdSacramento, CA95820
$226,000 1,130 SF $200.00 - - 06/01/2019
23701 Stockton BlvdSacramento, CA95820
$525,000 3,440 SF $152.62 - 1 09/06/2018
33800 Stockton BlvdSacramento, CA95820
$880,000 3,685 SF $238.81 - 1 11/27/2019
PricePrice Bldg SFBldg SF Price/SFPrice/SF CAPCAP # of Uni# of Unitsts CloseClose
Totals/Averages $543,667 2,752 SF $197.55 - 1
Sale Comps Summary
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1Sacramento, CA95820
3441 Stockton Blvd 2Sacramento, CA95820
3701 Stockton Blvd
3Sacramento, CA95820
3800 Stockton Blvd
3749 Stockton Blvd, 3751 Stockton Blvd | Sacramento, CA 95820SSubject Proubject Propertyperty
Sale Comps Map
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S E C T I O N 5
RRenent Cot Commpaparablrableses
REN
T CO
MPA
RA
BLES
21
15015-5037 Stockton Bl5015-5037 Stockton BlvdvdSacramento, CA 95820
$12.00 SF/YRLease Rate: Modified GrossLease Type: 1,022 SFSpace Size:
1961Year Built: 13,332 SFBldg Size: 0.83 AcresLot Size:
11
25880 Stockton Bl5880 Stockton BlvdvdSacramento, CA 95824
$12.00 SF/YRLease Rate: Modified GrossLease Type: 1,000 SFSpace Size:
1945Year Built: 3,696 SFBldg Size: 0.19 AcresLot Size:
22
35972 Stockton Bl5972 Stockton BlvdvdSacramento, CA 95824
$15.00 SF/YRLease Rate: Modified GrossLease Type: 2,400 SFSpace Size:
1988Year Built: 4,800 SFBldg Size: 0.73 AcresLot Size:
33
Rent Comps
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46665 Stockton Bl6665 Stockton BlvdvdSacramento, CA 95823
$18.00 SF/YRLease Rate: Modified GrossLease Type: 1,600 SFSpace Size:
1989Year Built: 14,575 SFBldg Size: 1.16 AcresLot Size:
44
Rent Comps
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SSubject Proubject Propertyperty Price/SF/YRPrice/SF/YR AAvaivailable SFlable SF Bldg SFBldg SF # of Uni# of Unitsts OccuOccupancy %pancy %
VALUE ADD COMMERCIAL:CLOSE PROXIMITY TO NEW UCDAVIS MED CENTER3749 Stockton Blvd, 3751Stockton BlvdSacramento, CA 95820
N/A 0 SF 4,993 SF 3 -
RRent Compsent Comps Price/SF/YRPrice/SF/YR AAvaivailable SFlable SF Bldg SFBldg SF # of Uni# of Unitsts OccuOccupancy %pancy %
15015-5037 Stockton BlvdSacramento, CA95820
$12.00 1,022 SF 13,332 SF - -
25880 Stockton BlvdSacramento, CA95824
$12.00 1,000 SF 3,696 SF - -
35972 Stockton BlvdSacramento, CA95824
$15.00 2,400 SF 4,800 SF - -
46665 Stockton BlvdSacramento, CA95823
$18.00 1,600 SF 14,575 SF - -
Price/SF/YRPrice/SF/YR AAvaivailable SFlable SF Bldg SFBldg SF # of uni# of unitsts OccuOccupancy %pancy %
Totals/Averages $14.25 1,506 SF 9,101 SF 0 0%
Rent Comps Summary
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1 5015-5037 Stockton BlvdSacramento, CA95820
2 5880 Stockton BlvdSacramento, CA95824
3 5972 Stockton BlvdSacramento, CA95824
4 6665 Stockton BlvdSacramento, CA95823
3749 Stockton Blvd, 3751 Stockton Blvd | Sacramento, CA 95820SSubject Proubject Propertyperty
Rent Comps Map
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S E C T I O N 6
DemograDemographphiicscs
DEM
OG
RA
PH
ICS
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RRadiadiusus 1 Mi1 Milele 3 Mi3 Milesles 5 Mi5 Milesles
Population -- -- --
2025 Projection 25,292 184,808 432,481
2020 Estimate 24,249 177,258 414,162
2010 Census 22,193 162,584 375,535
Growth 2019 - 2024 4.30% 4.26% 4.42%
Growth 2010 - 2019 9.26% 9.03% 10.29%
2020 Avg Household Income $65,127 $82,570 $78,006
2020 Med Household Income $49,185 $59,108 $55,578
202 Households by HH Income 8,950 70,790 161,483
<$25,000 2,485 16,973 40,031
$25,000 - $50,000 2,068 14,261 34,365
$50,000 - $75,000 1,552 10,595 25,768
$75,000 - $100,000 1,142 8,983 19,685
$100,000 - $125,000 631 6,378 13,791
$125,000 - $150,000 453 4,112 8,536
$150,000 - $200,000 393 4,415 9,455
$200,000+ 226 5,073 9,852
2020 Median Home Value $317,792 $389,091 $360,289
Demographics Map & Report
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StreetStreet CrossCross StreetStreet Cross Str DistCross Str Dist Count YCount Yearear AAvg Daivg Dailly Voly Volumeume VolVolume Tume Typeype MiMiles From Sles From Subject Proubject Propp
12th Ave 50th St 0.05 E 2018 439 MPSI .07
47th St 12th Ave 13th Ave Aly 0.01 N 2018 968 MPSI .10
50th St 12th Ave 13th Ave Aly 0.01 N 2018 124 MPSI .10
11th Ave Stockton Blvd 50th St 0.05 W 2018 1,614 MPSI .11
50th St 11th Ave 12th Ave Aly 0.01 N 2018 1,013 MPSI .12
14th Ave 47th St 0.04 E 2012 8,385 ADT .14
50th St 14th Ave 0.03 N 2016 269 MPSI .15
12th Ave 50th St 0.05 W 2018 770 MPSI .15
14th Ave 50th St 0.05 W 2018 8,024 MPSI .18
13th Ave 45th St 0.03 W 2012 1,419 AADT .23
Traffic Count
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Confidentiality & Disclosure
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The information contained in the following investment summary is proprietary and strictly confidential. It is intended to be reviewed only by the partyreceiving it from NAI Northern California Investment Real Estate Brokerage and should not be made available to any other person or entity without thewritten consent of the broker. This investment summary has been prepared to provide concise, unverified information to prospective purchasers and toestablish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligenceinvestigation. The broker has not made any investigation, and makes to warranty or representation, with respect to the income or expenses for thesubject property, the future projected financial performance of the property, the size and square footage of the property and improvements, thepresence or absence of contaminating substances, PCBs, or asbestos, the compliance with state and federal regulations, the physical condition ofimprovements thereon, the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue occupancy of thesubject property.
The information contained in this marketing brochure has been obtained from sources we believe to be reliable. However, the broker has not verified,and will not verify, any of the information contained herein, nor has the broker conducted any investigation regarding these matters, and makes nowarranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must takeappropriate measures to verify all of the information set forth herein.
For More InformaFor More Informationtion
Joshua BallesterosInvestment AdvisorO: [email protected] #02010271