For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City...

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SALE PRICE $8,758,455 $185 psf 6.34% Cap Rate Vicinity Map PROPERTY SUMMARY 47,343± sf Total Building Square Footage Approximately 5 Acres - pending lot split One Story Building with Mezzanine Area Zoned IL, Light Industrial Located in Santa Rosa’s Green Zone Income in Place Features 3,000 Amp 480 Volt 3 Phase Electrical Service Office/Warehouse For Sale | Green Zone Building with Income 2789 Northpoint Parkway, Building D, Santa Rosa, CA Michael L. Flitner, Partner Kevin Doran, Partner 1355 N Dutton Ave., Santa Rosa, CA 95401 (707) 528-1400 Fax: (707) 524-1419 Lic #s: 00840890, 01704987 [email protected], [email protected] The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Transcript of For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City...

Page 1: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

SALE PRICE

$8,758,455$185 psf6.34% Cap Rate

Vicinity Map

PROPERTY SUMMARY � 47,343± sf Total Building Square Footage

� Approximately 5 Acres - pending lot split

� One Story Building with Mezzanine Area

� Zoned IL, Light Industrial � Located in Santa Rosa’s Green Zone

� Income in Place � Features 3,000 Amp 480 Volt 3 Phase Electrical Service

� Office/Warehouse

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

Michael L. Flitner, PartnerKevin Doran, Partner

1355 N Dutton Ave., Santa Rosa, CA 95401(707) 528-1400 Fax: (707) 524-1419

Lic #s: 00840890, [email protected], [email protected]

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Page 2: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

PROPOSED PROPERTY LINE

Parking Spaces - Lot DExisting: 24Building E Pad: 52Stripe Ex. Paved Area: 13Total: 89

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Page 3: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Page 4: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

FLOORPLAN

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Page 5: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Page 6: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

CONSTRUCTION/BUILDING SYSTEMS DETAIL

ROOFThe roofing system is a Spray Polyurethane Foam (SPF) insulation roofing system on a wood-framed, plywood sheathing roof.

HVAC/HEATING SYSTEMSThe subject building is heated and cooled by reportedly 315 tons of roof-mounted package HVAC units, controlled by either a Novan Legacy DOS based energy management system or thermostats located in conditioned spaces. The 21 HVAC units range in size from two (2) to 30-ton capacities and are manufactured by Carrier. The HVAC equipment consists of package units and split heat pump systems. The units are both electric and gas-fired. Insulated metal and flex ducts distribute the conditioned air to the respective areas. One Armanda window AC unit is used. Process rooms typically have their own tenant owned HVAC equipment, which supplements the building systems. Metal screen walls are installed at the perimeter of the upper roof section to screen the view of the rooftop equipment.

ELECTRICALThe subject building is provided 3,000 amps of power at 480/240/208 volts, 3-phase 4-wire. Distribution circuit breaker panels and step down transformers are located as needed throughout the interior spaces. There are no fuse panels. Wiring is copper. There is a roof-mounted emergency generator on the east portion of the building. The natural gas-fired, Westinghouse manufactured, generator is rated at 100 amps, 600 volts AC and 250 volts DC. The generator provides back-up power for the building security systems and limited process equipment.

PLUMBINGThe source of potable water is the City of Santa Rosa. The plumbing system includes the necessary hot and cold water supply, drainage, waste, and vent systems.

SPRINKLERSThe building is fully protected by wet-pipe and dry-pipe sprinkler systems.

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Page 7: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

ADDRESS2789 Northpoint Parkway- Building D

CITYSanta Rosa, California County of Sonoma

RENTABLE SPACE47,343± sf

LAND AREA5± Acres (Building D ) per Pending Lot Split

NUMBER OF BUILDINGSOne

FLOORSOne Story with Mezzanine Area

PARCEL #010-450-015 (a portion of) (Building D)

ZONINGIL, Light Industrial

YEAR BUILT1979; Renovated 2006 (Tenant improvements)

PARKING89 Spaces

DESCRIPTION OF PREMISES - FEATURESThe site is located at the northeast quadrant of the intersection of North Point Parkway and Mariner Way in Santa Rosa, CA. 2789 Northpoint Parkway (Building D) is located at the central portion of the campus and consists of 47,343 ±square feet on approximately 5 acres. The subject building is located at the northeast quadrant of the intersection of North Point Parkway and Mariner Way.

DESCRIPTION OF LOCATION - AREAThe subject property, the Viavi Campus, is a light industrial park consisting of an irregular-shaped 44.5-acre (1,938,420 square feet) campus.

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Page 8: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

Price:

S.F. Area:

Property Type:

Lot Size:

Price Per S.F.:

NOI (Annual):

CAP Rate:

Annual Debt Service:

Annual Cash Flow:

Cash on Cash %:

$156,311

Financial Info

$2,627,537

$6,130,918

Property and Financial Summary

$398,562

Loan Amount:

Down Payment:

Interest Rate:

Amortization:

5.95%

Debt Service (Annual):

6.34%

4.25%

25

$8,758,455

47,343

Industrial

5 Ac

$185.00

$554,873

$398,562

Price:

S.F. Area:

Property Type:

Lot Size:

Price Per S.F.:

NOI (Annual):

CAP Rate:

Annual Debt Service:

Annual Cash Flow:

Cash on Cash %:

$156,311

Financial Info

$2,627,537

$6,130,918

Property and Financial Summary

$398,562

Loan Amount:

Down Payment:

Interest Rate:

Amortization:

5.95%

Debt Service (Annual):

6.34%

4.25%

25

$8,758,455

47,343

Industrial

5 Ac

$185.00

$554,873

$398,562

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Page 9: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

Start

Total Monthly Rent: X12

1.75%

Annual Scheduled Rent:

47,343Total Square Feet:

$554,873$46,239

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

NNN 9/1/2019 8/31/2022 100.0%$46,239

2789 Northpoint Pkwy, Building D, Santa Rosa, CALease Term

Unit Tenant SF Area Monthly Rent Rent/SF OptionsLease

TypePro Rata

Rent Adjust.

Annual Detailed Lease Roll

End

For

Bldg D JDS Uniphase 47,343 $0.98 5-yr

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Page 10: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Page 11: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.

Page 12: For Sale Green one Biling ith Incoe - LoopNet · PLUMBING. The source of potable water is the City of Santa Rosa. The plumbing system . includes the necessary hot and cold water supply,

DISCLAIMER This property is being offered on an as-is basis. While the Broker believes the information in this brochure to be accurate, no warranty or representation is made as to its accuracy or completeness. Interested parties should conduct independent investigations and reach conclusions without reliance on materials contained in this brochure.This property owner requests that you do not disturb the Tenants, as the property will only be shown in coordination with the Listing Agent.This brochure is presented under the terms and conditions of the Confidentiality Agreement. As such, the material contained in this brochure is confidential and is provided solely for the purpose of considering the purchase of the property described herein. Offers should be presented to the agent for the property owner. Prospective buyers are encouraged to provide buyer’s background, source of funds and any other information that would indicate their ability to complete the transaction smoothly.

Michael L. FlitnerPartner

Lic. # 00840890(707) 528-1400

[email protected]

CONTACT

Kevin DoranPartner

Lic. # 01704987(707) 528-1400

[email protected]

For Sale | Green Zone Building with Income2789 Northpoint Parkway, Building D, Santa Rosa, CA

Michael L. Flitner, PartnerKevin Doran, Partner

1355 N Dutton Ave., Santa Rosa, CA 95401(707) 528-1400 Fax: (707) 524-1419

Lic #s: 00840890, [email protected], [email protected]

The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.