3200 Patrick Henry Drive Santa Clara · Infostretch Upstairs Occupancy Group B 16-0664 • 8/18....
Transcript of 3200 Patrick Henry Drive Santa Clara · Infostretch Upstairs Occupancy Group B 16-0664 • 8/18....
Patrick Henry Dr
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Mission College Blvd
±104,540 Square Feet
JEFF RAMIREZSenior Managing Director
CA RE License #00964359
16-0664 • 8/18
Land for Sale3200 Patrick Henry DriveSanta Clara
JEFF RAMIREZSenior Managing Director
CA RE License #00964359
Land for Sale3200 Patrick Henry DriveSanta Clara
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Tasman Dr
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Address Owner RBA Land
1 4950 Patrick Henry Dr Nahum Guzik 74398 4.42
2 4900 Patrick Henry Dr Fabrinet 74035 3.82
3 4800 Patrick Henry Dr Nahum Guzik 58320 3.67
4 4700-4750 Patrick Henry Dr Mwest 63105 3.82
5 4600 Patrick Henry Dr Drawbridge 50138 2.86
6 4590 Patrick Henry Dr Sobrato 42826 2.79
7 3200 Patrick Henry Dr Bigler 104540 5.96
8 3100-3118 Patrick Henry Dr 02 Micro 37180 2.52
9 3000 Patrick Henry Dr PacTron 34776 2.51
10 2950-2960 Patrick Henry Dr Dollinger 36000 2.52
11 2900-2930 Patrick Henry Dr New Hope Church 29400 1.98
12 4633 Old Ironside Dr Don Pearlman 50000 2.6
13 4655 Old Ironside Dr Don Pearlman 49950 2.7
14 4677 Old Ironside Dr Don Pearlman 50000 2.53
15 4699 Old Ironside Dr Don Pearlman 50000 1.73
16 4800 Great America Pky Sobrato 71470 2.8
17 4980 Great America Pky Sobrato 141000 3.21
18 4988 Great America Pky Sobrato 140965 6.13
19 2945 Tasman Dr Yahoo 38880 2.82
20 3005 Democracy Way Yahoo 20160 1.58
21 3055-3065 Democracy Way Yahoo 23940 2
22 4995 Patrick Henry Dr Yahoo 40840 3
23 4855 Patrick Henry Dr Yahoo 0 6.33
24 3050 Democracy Way Yahoo 0 7.15
25 2950 Democracy Way Yahoo 0 7.16
26 4806 Patrick Henry Dr Yahoo 0 8.75
27 4900 Old Ironside Dr Yahoo 0 7.27
28 4700 Old Ironside Dr Digital Realty 90139 6.53
29 4650 Old Ironside Dr Digital Realty 84383 6.5
30 2901-2929 Patrick Henry Dr Clarion 82278 6.5
31 3055 Patrick Henry Dr Hudson 68987 3.82
32 3105-4575 Patrick Henry Dr Raintree 55944 3.49
High Density Residential Low Intensity Office/R&D High Intensity Office/R&D
16-0664 • 8/18
High Density Residential 37-50 units per acre
Low Intensity Office/R&D Max FAR of 1.0
High Intensity Office/R&D Max FAR of 2.0
Bigler
Tasman Dr
Democracy Wy
Patrick Henry D
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Old Ironside D
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Great A
merica Pkw
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JEFF RAMIREZSenior Managing Director
CA RE License #00964359
Land for Sale3200 Patrick Henry DriveSanta Clara
16-0664 • 8/18
JEFF RAMIREZSenior Managing Director
CA RE License #00964359
Land for Sale3200 Patrick Henry DriveSanta Clara
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33 ROLLUP DOORROLLUP DOOR
CrossbarVarentek
Kratos
Tafatolu
Occupancy Group A-2
Occupancy Group B
Occupancy Group B
Occupancy Group F2
Occupancy Group F2
Suite 130
Suite 110Suite 100
Suite 150
14,800 sqft
13,500 sqft
9,567 sqft
36,500 sqft
3200 Patrick Henry Drive, 05/23/16
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STORAGE
5A5.2
Infostretch Occupancy Group BUpstairs
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33 ROLLUP DOORROLLUP DOOR
CrossbarVarentek
Kratos
Tafatolu
Occupancy Group A-2
Occupancy Group B
Occupancy Group B
Occupancy Group F2
Occupancy Group F2
Suite 130
Suite 110Suite 100
Suite 150
14,800 sqft
13,500 sqft
9,567 sqft
36,500 sqft
3200 Patrick Henry Drive, 05/23/16
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STORAGE
5A5.2
Infostretch Occupancy Group BUpstairs
16-0664 • 8/18
JEFF RAMIREZSenior Managing Director
CA RE License #00964359
Land for Sale3200 Patrick Henry DriveSanta Clara
Address 3200 Patrick Henry Dr
Bldg Sq. Ft. 104540 BLDG LAND FARProforma $1.85NNN
Acreage 5.96 SUMMARY 104540 5.96 41% $2,320,788.00
F.A.R. 41%Zoning ML PRICE BSF LSF CAPYear Built 1978 HIGH $36,262,313 $346.88 $139.68 6.40%Construction Type V‐N (Fully sprinklered) STRIKE $35,704,431 $342 $137.53 6.50%Stories Partial 2 LOW $34,382,044 $328.89 $132.43 6.75%First Floor 79770Second Floor 24770Power 3000 ampsParking Ratio 3.7/1000 Q2'15 Q3'15 Q4'15 Q1'16Celing Height 14' NRA SF 17,399,562 16,973,562 16,995,175 16,264,007 Last Sale 1/16/2007 Vacancy % 14.18% 10.56% 9.28% 11.27%Last Price N/A Vacant SF 203,680 190,807 178,292 1,832,242 2015 Assessed Value $10,255,919 Ask Rate $1.95 $1.94 $2.05 $2.062015 Assessed Land $8,672,978 Qtr Net Abs. (128,900) 433,934 267,535 (415,057) 2015 Assessed IMP $1,582,9782015 RE Taxes $123,736.00
Property Summary
Santa Clara R&D Market
Bid Matrix
Address 3200 Patrick Henry Dr
Bldg Sq. Ft. 104540 BLDG LAND FARProforma $1.85NNN
Acreage 5.96 SUMMARY 104540 5.96 41% $2,320,788.00
F.A.R. 41%Zoning ML PRICE BSF LSF CAPYear Built 1978 HIGH $36,262,313 $346.88 $139.68 6.40%Construction Type V‐N (Fully sprinklered) STRIKE $35,704,431 $342 $137.53 6.50%Stories Partial 2 LOW $34,382,044 $328.89 $132.43 6.75%First Floor 79770Second Floor 24770Power 3000 ampsParking Ratio 3.7/1000 Q2'15 Q3'15 Q4'15 Q1'16Celing Height 14' NRA SF 17,399,562 16,973,562 16,995,175 16,264,007 Last Sale 1/16/2007 Vacancy % 14.18% 10.56% 9.28% 11.27%Last Price N/A Vacant SF 203,680 190,807 178,292 1,832,242 2015 Assessed Value $10,255,919 Ask Rate $1.95 $1.94 $2.05 $2.062015 Assessed Land $8,672,978 Qtr Net Abs. (128,900) 433,934 267,535 (415,057) 2015 Assessed IMP $1,582,9782015 RE Taxes $123,736.00
Property Summary
Santa Clara R&D Market
Bid Matrix
16-0664 • 8/18
JEFF RAMIREZSenior Managing Director
CA RE License #00964359
Land for Sale3200 Patrick Henry DriveSanta Clara
Address Price $BSF Bldg SF $LSF Land Quality Date Sale Type455 DeGuigne $16,750,000 $316 53088 $129 2.98 Similar 12/14/2015 Investor3105 Patrck Henry $20,750,000 $371 55944 $136 3.49 Similar 12/1/2015 Res Dev1235 Bordeaus $14,280,000 $340 42000 $108 3.03 Similar 7/22/2015 Hot Dev3300 Olcott $38,000,000 $360 105664 $183 4.76 Superior 6/19/2015 Investor3003 Bunker Hill $34,200,000 $423 80878 $142 5.52 Superior 6/17/2015 Investor4500 Patrick Henry $23,975,000 $323 74276 $148 3.72 Similar 3/5/2015 User4900 Patrick Henry $25,542,275 $345 74035 $153 3.82 Superior 2/24/2015 User3150 Coronado $18,250,000 $356 51323 $113 3.7 Similar 2/20/2015 Res Dev5121 Lafayette $22,325,000 $313 71400 $138 3.72 Similar 1/15/2015 Res Dev674 Maude $14,450,000 $368 39311 $129 2.58 Similar 1/9/2015 Off Dev3230 Scott $15,400,000 $365 42174 $118 3 Similar 12/23/2014 Res Dev3200 Coronado $12,500,000 $493 25346 $110 2.6 Similar 12/18/2014 Res Dev755 Mary $39,500,000 $349 113166 $117 7.72 Similar 12/12/2014 Off Dev5200 Patrick Henry $25,400,000 $282 90120 $103 5.64 Inferior 7/29/2014 Investor2901 Patrick Henry $26,100,000 $317 82278 $92 6.5 Inferior 6/29/2014 Investor
Average Cost $354.71 $127.93
Sold Comparables
The distributor of this communication is performing acts for which a real estate license is required. The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.
16-0664 • 8/18
JEFF RAMIREZSenior Managing Director
CA RE License #00964359
Land for Sale
Rent Roll
3200 Patrick Henry DriveSanta Clara
The distributor of this communication is performing acts for which a real estate license is required. The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.
16-0664 • 8/18
RENT ROLL ‐ 3200 PATRICK HENRY DRIVE, SANTA CLARA, CA
5/6/2016 All leases are full service.
a) TAFA TOLU (Bingo) Origin: about 1982 About 15,000 sq. ft Rent/mos. Per sq. ft. 12/1/2014 – 11/30/2015 26,800 1.79 12/1/2015 – 12/31/2016 27,800 1.85 1/1/2017 – 12/31/2017 28,800 1.92 1/1/2018 – 12/31/2018 29,800 1.99
b) Crossbar, Inc. (Business office) Origin 11/1/11 9567 sq. ft .Rent/mos. Per sq. ft. 12/1/2014 thru 10/31/2016 16,111 1.68 11/1/2916 – 10/1/2017 28,222.65 2.95 11/1/2017 – 10/1/2018 29,083.68 3.04 11/1/2018 – 10/1/2019 29944.71 3.13
c) Infostretch (Business office) Origin 1/1/2013 12,373 sq. ft. – 25,000 sq .ft. 1/1/2016 Rent/mos. Per sq. ft. 1/1/2013 ‐ 12/31/2013 14,905 1.20 1/1/2014 ‐ 12/31/2014 15,249.15 1.23 1/1/2015 ‐ 12/31/2015 15,706.62 1.27 1/1/2016 ‐12/31/2016 40,250 1.65 1/1/2017 – 12/31/2017 41,450 1.70 1/1/2018 – 12/31/2018 42,686 1.75
d) Varentec, Inc (Business office & R&D) Origin 11/1/2014 36,500 sq. ft Rent/mos per sq. ft.
11/1/2014 – 11/30/2014 (1 month free) 0 0 12/1/2014 ‐ 10/31/2015 (11 months) 47,450 1.30 11/1/2015 ‐ 10/31/2016 (12 months) 52,925 1.45 11/1/2016 ‐ 10/31/2017 (12 months) 56,575 1.55 11/1/2017 ‐ 12/31/2017 (2 months) 58,400 1.60 Then 3‐year option (thru 2020) @ $61,320, 63,145 & 64,970/mos.
e) Kratos Security Solutions (R&D and manufacture) Origin 11/1/2015 14,800 sq/ ft. Rent/mos. Per sq. ft.
11/1/2015 – 12/31/2015 0 0 2/1/2016 – 12/31/2016 25,900 1.75 1/1/2017 – 12/31/2017 26,677 1.80 1/1/2018 – 1/31/2019 27,477 1.86 Monthly rents 1/1/2016: Tafa Tolu 27,800.00 Crossbar, Inc 16,111.00 Infostretch 40,250.00 Varentec 52,925.00 Kratos 25,900.00
162,986.00
Prepared by Rex Bigler 3/5/2016
RENT ROLL ‐ 3200 PATRICK HENRY DRIVE, SANTA CLARA, CA
5/6/2016 All leases are full service.
a) TAFA TOLU (Bingo) Origin: about 1982 About 15,000 sq. ft Rent/mos. Per sq. ft. 12/1/2014 – 11/30/2015 26,800 1.79 12/1/2015 – 12/31/2016 27,800 1.85 1/1/2017 – 12/31/2017 28,800 1.92 1/1/2018 – 12/31/2018 29,800 1.99
b) Crossbar, Inc. (Business office) Origin 11/1/11 9567 sq. ft .Rent/mos. Per sq. ft. 12/1/2014 thru 10/31/2016 16,111 1.68 11/1/2916 – 10/1/2017 28,222.65 2.95 11/1/2017 – 10/1/2018 29,083.68 3.04 11/1/2018 – 10/1/2019 29944.71 3.13
c) Infostretch (Business office) Origin 1/1/2013 12,373 sq. ft. – 25,000 sq .ft. 1/1/2016 Rent/mos. Per sq. ft. 1/1/2013 ‐ 12/31/2013 14,905 1.20 1/1/2014 ‐ 12/31/2014 15,249.15 1.23 1/1/2015 ‐ 12/31/2015 15,706.62 1.27 1/1/2016 ‐12/31/2016 40,250 1.65 1/1/2017 – 12/31/2017 41,450 1.70 1/1/2018 – 12/31/2018 42,686 1.75
d) Varentec, Inc (Business office & R&D) Origin 11/1/2014 36,500 sq. ft Rent/mos per sq. ft.
11/1/2014 – 11/30/2014 (1 month free) 0 0 12/1/2014 ‐ 10/31/2015 (11 months) 47,450 1.30 11/1/2015 ‐ 10/31/2016 (12 months) 52,925 1.45 11/1/2016 ‐ 10/31/2017 (12 months) 56,575 1.55 11/1/2017 ‐ 12/31/2017 (2 months) 58,400 1.60 Then 3‐year option (thru 2020) @ $61,320, 63,145 & 64,970/mos.
e) Kratos Security Solutions (R&D and manufacture) Origin 11/1/2015 14,800 sq/ ft. Rent/mos. Per sq. ft.
11/1/2015 – 12/31/2015 0 0 2/1/2016 – 12/31/2016 25,900 1.75 1/1/2017 – 12/31/2017 26,677 1.80 1/1/2018 – 1/31/2019 27,477 1.86 Monthly rents 1/1/2016: Tafa Tolu 27,800.00 Crossbar, Inc 16,111.00 Infostretch 40,250.00 Varentec 52,925.00 Kratos 25,900.00
162,986.00
Prepared by Rex Bigler 3/5/2016