2725 Riverside Blvd Sacremento, CA-FOR SALE 3 · Sacramento, CA 95818 01 OVERVIEW 3-5 • Executive...
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2725 RIVERSIDE BLVD SACRAMENTO, CA 95818 5,950 SF OFFICE - $2,200,000 OFFERING MEMORANDUM Justin Dobrinski (916) 601-4027 [email protected]
Transcript of 2725 Riverside Blvd Sacremento, CA-FOR SALE 3 · Sacramento, CA 95818 01 OVERVIEW 3-5 • Executive...
�12725 RIVERSIDE BLVD
S A C R A M E N T O , C A 9 5 8 1 8
5,950 SF OFFICE - $2,200,000OFFERING MEMORANDUM
Justin Dobrinski(916) 601-4027
�2
2725 Riverside BlvdSacramento, CA 95818
01 3-5OVERVIEW• Executive Summary • Property Description
02 6-7PROPERTY LOCATION• Site Plan • Aerial Photography
03 8FINANCIALS
04 9-10PHOTOGRAPHY
05 11CONTACT
Justin Dobrinski(916) 601-4027
�301 OVERVIEW | Executive Summary
2725 Riverside Blvd, Sacramento, CA, 95818 2725 Riverside Blvd is a 2-story building located in Land Park on Riverside Blvd, a quarter mile south of Broadway in Sacramento. The building is less than a 10 minute drive
from the middle of east Sacramento, and 5 minutes from the State Capitol. The building was set up as executive suites on the ground floor, providing great flexibility for a new
owner. This would allow an owner to occupy the upstairs and any portion of the downstairs, while leasing any unused offices on the first floor. Built in 2008, the building features architectural elements and lighting that give the appearance of a building from the past, with the modern amenities that a sophisticated Buyer would want in a new
building. The building features an on-site parking lot, and card key access making the building secure and accessible to employees and tenants alike.
At the price of $2,200,000, and assuming that the Buyer qualifies for SBA financing (see page 8), ownership would reap combined benefits of principal pay down on the loan, appreciation, and tax benefits from depreciation and interest payments that total $1,191,567 over the first ten years!
Justin Dobrinski (916) 601-4027
�401 OVERVIEW | Property Description
OFFERING SUMMARY
ADDRESS 2725 Riverside Blvd Sacramento CA 95818
MARKET Sacramento
SUBMARKET Midtown
BUILDING SF 5,950 SF
YEAR BUILT 2008
APN 012-0022-001
FINANCIAL SUMMARY
OFFERING PRICE $2,200,000
PRICE PSF $369.75
OCCUPANCY 100% Available to Owner-User
PRO FORMA GROSS INCOME (BASED ON $2.40 PSF, FULL SERVICE)
$171,360
ANNUAL EXPENSES $56,448
PRO FORMA NOI $114,912
PRO FORMA CAP RATE 5.22%
PROPOSED FINANCING
LOAN TYPE SBA 504
DOWN PAYMENT (10%) $220,000
LOAN AMOUNT (90%) $1,980,000
INTEREST RATE 4.25%
ANNUAL DEBT SERVICE $128,717
�501 OVERVIEW | Property Description
PROPERTY FEATURES
NUMBER OF SUITES 2 (Upstairs and Downstairs)
BUILDING SF 5,950 SF
LAND ACRES .24 AC. (10,384 SF)
YEAR BUILT 2008
BUILDING FEATURES17 private offices, 2 conf. rooms, 2 break rooms, 4 restrooms
ZONING C-2
CONSTRUCTION TYPE Wood frame with stucco exterior
NUMBER OF STORIES 2
PARKING SPACES 14
PARKING RATIO 2.35BUILDING FAR 0.57
TENANT INFORMATION
MAJOR TENANT/S CAPITAL CITY ACCOUNTANCY (OWNER)
LEASE TYPE MTM
02 PROPERTY LOCATION | Floor Plan �6
First Floor
Second Floor
02 PROPERTY LOCATION | Aerial �7
Downtown Sacramento
2725 Riverside Boulevard
80 / Cap City Freeway
Rive
rside
Blvd
�803 FINANCIALS | Purchase and Finance Analysis (SBA Loan)
Purchase and Finance Analysis (SBA Loan)
PURCHASE COST BREAKDOWN
Building Size (SF): 5,950
Purchase Price PSF: $369.75
Purchase Price: $2,200,000.00
CONVENTIONAL LOAN ANALYSIS
Down Payment: 10% $220,000.00
Conventional Loan Amount: 90% $1,980,000.00
Interest Rate 4.25%
Conventional Loan Amortization (Yrs): 25
ANNUAL EXPENSES AND LOAN PAYMENTS
Loan Payments: $128,717.00
Cleaning $4,160.00
Insurance $2,640.00
Internet - Connection $1,700.00
Permits/Licenses $107.00
Pest Control $1,390.00
Phone - Landlines $3,388.00
Repairs & Maintenance - Landscaping $1,185.00
Repairs & Maintenance - HVAC qtrly maint $924.00
Repairs & Maintenance - Other $1,518.00
Fire Alarm Monitoring & Maintenance $777.00
*Taxes - Property Tax $24,200.00
Utilities - Electric $8,833.00
Utilities - Gas $1,563.00
Utilities - Garbage $749.00
Utilities - Sewer $3,315.00
Annual Cost of Ownership $185,165.00
Monthly Cost of Ownership $15,430.50
Monthly Cost of Ownership Per Square Foot $2.59
*Based on reassessed property value after purchase
TAX / OWNERSHIP BENEFITS (BASED ON $367 PSF PURCHASE PRICE):
End Year 1 End Year 5 End Year 10
Principal Paydown on Loan: $45,445.43 $247,794.36 $554,143.00
Cumulative Appreciation (1.5%): $33,000.00 $170,024.81 $353,189.82
Cumulative Benefit Before Tax Reduction: $78,445.43 $417,819.17 $907,332.82
*Interest Payments $83,271.54 $395,790.50 $733,026.73
Building Depreciation $45,128.21 $225,641.03 $451,282.05Total Federal Tax Benefit (Based on 24% Federal Tax Bracket) $30,815.94 $149,143.57 $284,234.11
Combined Ownership Benefit: $109,261.37 $566,962.73 $1,191,566.92
Combined Average Monthly Benefit PSF: $1.53 $1.59 $1.67
Average Monthly Net Cost to Own $1.06 $1.00 $0.92
Future Value Based on 1.5% Annual Appreciation: $2,233,000.00 $2,370,024.81 $2,553,189.82
Future Value PSF: $375.29 $398.32 $429.11
*Based on bankrate.com amortization table
�904 PHOTOGRAPHY
�1004 PHOTOGRAPHY
�112725 Riverside BlvdCONFIDENTIALITY and DISCLAIMER The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Adobi Ventures and it should not be made available to any other person or entity without the written consent of Adobi Ventures. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Adobi Ventures. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Adobi Ventures has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Adobi Ventures has not verified, and will not verify, any of the information contained herein, nor has Adobi Ventures conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
(916) 601-4027
Justin Dobrinski
Exclusively Marketed by:
