NorCal Logistics Center
Transcript of NorCal Logistics Center
NEWCASTLE RD
LOGISTICS DRIVE
E MARIPOSA RD
ARCH ROAD
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A C B R E N A T I O N A L P A R T N E R S I N D U S T R I A L I N V E S T M E N T O P P O R T U N I T Y
N o r C a l L o g i s t i c s C e n t e rS T O C K T O N � C A L I F O R N I A
±342 GROSS ACRES AVAILABLE IN A MASTER -PLANED INDUSTR IAL PARK � ENT ITLED AND READY FOR DEVELOPMENT � WWW.NORCALLOGIST ICSCENTER.COM
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Executive Summary
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EXECUTIVE SUMMARY
The OfferingCBRE, Inc. on behalf of Arch Road, L.P. (“Owner”) is offering a unique opportunity to acquire approximately ±342 gross acres of fully entitled land within the NorCal Logistics Center (“NCLC”) in Stockton, California. This master-planned industrial park is located in the center of California’s Central Valley region; less than one mile from Highway 99 and within close proximity to I-5 and the I-4 Crosstown Freeway. NorCal Logistics Center is the closest project to the Burlington Northern Santa Fe Railroad’s “state of the art” intermodal facility. The site is an attractive investment for developers or investors looking to expand their reach in Northern California given the scale of the site and excellent location to service the greater San Francisco Bay Area and Western United States.
This master planned industrial park is one of the largest and most efficient industrial distribution campuses in the Western United States. The ±342 gross acres are fully entitled with fully finished sites capable of accommodating up to 6 million square feet of logistics facilities, distribution space and multi-tenant buildings in total. The lots offer flexible configurations and can be combined to accommodate buildings as large as 1-2 million square feet. This park has attracted corporate brand names including Fresh & Easy, General Mills and Fox Head, Inc. Other corporate neighbors including Kraft Foods, Fed Ex, Martin Brower and Weber Distribution to name a few. Based on NorCal’s Strategic Location, the park is ideal for creating a critical mass of quality industrial product to serve the growing needs of tenants desiring a Central-Northern California location serving the S.F. Bay Area, Central Valley and Western Region.
This Business Park is forecasted to be an excellent opportunity given the strong market conditions and the site’s central location. As a result the vacancy rate is down to 3.5% at the end of the second quarter of 2015. Users continue to demonstrate their commitment to this region as evidenced by the strong activity with 5.1 million square feet of net absorption in 2013, 2.3 million square feet in 2014 and another 4.1 million square feet during the first two quarters of 2015.
NorCal Logistics Center represents an excellent opportunity to acquire fully
entitled master planned land in an already established business park in the
center of California’s Central Valley, with excellent proximity to multiple freeways
and BNSF’s intermodal yard.
INVESTMENT THESIS
LOGISTICS DRIVE
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NorCal Logistics CenterStockton, California
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• A unique opportunity to control ±342 gross acres of entitled, well-located land in the Central Valley. This critical mass of acreage allows for a high quality master planned industrial development attractive to buyers and tenants.
• A well respected development team has received EIR approval and vesting of the Tentative Tract Map. The project is ready for immediate development with well-defined Conditions of Approval.
• Excellent location with immediate freeway access to both Highway 99 and Interstate 5. The Sperry Road connector project has given the project superior accessibility to I -5.
• Only ¼ mile from the BNSF intermodal rail yard, one of its largest Central California facilities. The BNSF Intermodal links the ports of Los Angeles and Long Beach with transcontinental rail yards.
• Flexible lot combinations can accommodate a building as large as 2 million square feet.
PROJECT HIGHLIGHTS
• Established corporate neighbors including FedEx, General Mills, Kraft Foods, Weber, KeHe Distributors, Allen Distribution and Martin Brower.
• The Marine Highway Corridor from the Port of Oakland to the Port of Stockton (M580/I80 Marine Highway Project is often called the Port of Oakland Port of Stockton Maritime Highway), allows container barges to move cargo from the San Francisco Bay to Stockton entirely by water. The Stockton port facility has two mobile, 140-ton harbor cranes and near-dock rail service to a container yard.
• The area is experiencing strong positive net absorption, contributing to lowering of vacancy rates and increasing rents. NorCal Logistics Center is a state-of-the-art industrial logistics destination poised to take advantage of the improving market conditions.
• City of Stockton is one of the more desired areas in the Central Valley offering a gateway to the San Francisco Bay area.
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Stockton
Oakland
San Francisco
San Jose
Novato
San Rafael
Woodacre
Petaluma
PenngroveSonoma Napa
Green Valley
Skaggs IslandAmericanCanyon
Fair�eldBoyes Hot
Springs
San Pablo
El Cerrito
Berkeley
Concord
Pleasant Hill
AntiochOakley
Arbor
Brentwood Orwood
Bethel Island
Discovery Bay
LincolnVillage
Morada
LodiWoodbridge
Lockeford
Dogtown
Clements
Linden
Atlanta
Lyoth
Tracy
MountainHouse
Altamont
Tassajara
UlmarLivermore
MendenhallSprings
Fremont
Sunol
Verona
PleasantonHayward
Dublin
San RamonAlameda
Daly City
San Bruno
San Mateo
Bair Island
Palo Alto
MountainView
La Honda
Loma Mar
Los Gatos
Saratoga
Campbell
Milpitas
Pescadero
San Gregorio
HalfMoon Bay
Paci�ca
San Leandro
Danville
Carbona
Vernails
Westley
Patterson
Diablo Grande CrowsLanding
Lathrop
Manteca
Ripon
Salida
Victor
Byron
Pittsburg
Collinsville
Birds LandingRio Vista Isleton
Eagle Tree
Thornton
Galt
Herald
Walnut Grove
Maine Prairie Daisie
Walnut Creek
Vallejo
Benicia
Martinez
Corte MaderaMill Valley
Sausalito
Banta
San Pablo Bay
Gulf of the Farallones Marine Sanctuary
Suisun Bay
San Pablo Bay NationalWildlife Refuge
Mt Tamalpais Watershed
Grizzly IslandWildlife Area
Mt Diablo
OaklandInternational
Airport
Travis AFB
StocktonMetropolitan
Airport
BNSF Intermodal Yard
Port of Oakland
Port of Stockton
REGIONAL MAP
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NorCal Logistics Center
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NorCal Logistics CenterStockton, California
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STOCKTONSTOCKTONORT J. LOFTHUS FWY
DR M. L. K. JR BLVD
W CHARTER WAY
ARCH ROAD
S AUSTIN RD
E MARIPOSA RD
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ORT J. LOFTHUS FWYORT J. LOFTHUS FWY
DR M. L. K. JR BLVDDR M. L. K. JR BLVD
W CHARTER WAY
W CHARTER WAY
ARCH ROADARCH ROAD
S AUSTIN RD S AUSTIN RD
E MARIPOSA RD
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NorCal Logistics Center
AERIAL MAP
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STOCKTONMETROPOLITAN
AIRPORT
PORT OFSTOCKTON
INTERMODAL
INTERMODAL
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STOCKTONMETROPOLITAN
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SURROUNDING TENANTS
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NORCAL LOGISTICS CENTER
LOT 1 LOT 4 LOT 6
LOT 5LOT 3
LOT 2
LOT 11 LOT 12
LOT 13
LOT 14
LOT 15
LOT 10
LOT 7
LOT 8
LOT 9
LOT 21
LOT 22 LOT 19
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LOT 20 LOT 23 LOT 16 LOT 18
LOT 17
CREEK
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POTENTIAL LOTCOMBINATION
POTENTIAL LOTCOMBINATION
POTENTIAL LOTCOMBINATION
POTENTIAL LOTCOMBINATION
DETENTION BASIN
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Lot ZoningGross
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1 Ind 16.55 15.67
2 Ind 18.40 13.17
3 Ind 12.42 12.42
4 Ind 14.43 14.37
5 Ind 13.27 13.00
6 Ind 22.60 22.60
7 Ind 33.26 33.26
8 Ind 20.39 20.35
9 Ind 19.53 18.90
10 Ind 15.20 6.03
11 Ind 24.95 17.37
12 Ind 24.34 13.70
13 Ind 9.45 8.81
14 Ind 15.31 12.59
15 Ind 5.12 4.70
16 Ind 10.94 10.38
17 Ind 10.58 9.53
18 Ind 10.49 8.77
19 Ind 6.44 5.24
20 Ind 5.04 4.60
21 Ind 10.29 10.29
22 Ind 8.48 8.48
23 Ind 6.44 6.05
Detention Basin* 7.98 0
Total: 341.90 290.28
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*Detention Basin to be dedicated to the City of Stockton and will require a pump station and city inspections.
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SEATTLE
PORTLAND
BOISE
SALT LAKE CITY
DENVER
ALBUQUERQUE
PHOENIX
LAS VEGAS
LOS ANGELES
SAN DIEGOTIJUANA
FRESNO
RENO
SAN JOSESTOCKTONSAN FRANCISCO
NorCal Logistics Center
DISTANCES FROM NORCAL LOGISTICS CENTER TO MARITIME AND INTERMODAL PORTS AND MAJOR WESTERN REGIONAL CITIES
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Distances to PortsPort of Stockton 10 miles
Port of Sacramento 55 miles
Port of Oakland 75 miles
Distances to Intermodal RailBNSF in Stockton .25 miles
UP in Lathrop 8 miles
UP and BNSF in Oakland 78 miles
BNSF in Richmond 87 miles
Distances to AirportsStockton 1 miles
Sacramento 55 miles
Oakland 70 miles
San Jose 85 miles
San Francisco 89 miles
Distances to California Locationsand Major Western Regional CitiesSacramento 55 miles
San Francisco 87 miles
Fresno 121 miles
Reno, NV 181 miles
Los Angeles 341 miles
Seattle, WA 799 miles
Las Vegas 508 miles
Boise City, ID 601 miles
Portland, OR 632 miles
Salt Lake City, UT 699 miles
Phoenix, AZ 712 miles
Denver, CO 1,230 miles
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Proposed Building Site Plan
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This conceptual design is based upon a preliminary review ofentitlement requirements and on unverified and possiblyincomplete site and/or building information, and is intendedmerely to assist in exploring how the project might be developed.
NORTH
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10-16-2015
SNR15-0083-00NorCal of Creek
scheme: 6a
Stockton, CA 1
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1" =300
600
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Building Potential SF1 1,116,4402 1,899,7203 1,049,7445 388,0006 174,7207 110,2758 225,6809 617,133
CAPITAL MARKETS EXPERTS LOCAL MARKET EXPERT DEBT & STRUCTURED FINANCEBlake RasmussenSenior Vice PresidentLic. 004099871776 West March Lane, Suite 170Stockton, CA 95207+1 209 476 [email protected]
Andrew Briner, CCIMFirst Vice PresidentLic. 01821872CBRE+1 909 418 [email protected]
Val AchtemeierExecutive Vice PresidentLic. 01868169CBRE+1 213 613 [email protected]
Darla LongoVice Chairman/Managing DirectorLic. 00639911CBRE+1 909 418 2105 [email protected]
Barbara EmmonsVice ChairmanLic. 00969169CBRE+1 213 613 [email protected]
Rebecca Perlmutter Finkel, CFAVice PresidentLic. 01838624CBRE+1 310 922 [email protected]
Michael KendallSenior Vice PresidentLic. 01895979CBRE+1 909 418 2034 [email protected]
www.cbre.com/np
© 2015 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
NORTHEASTMichael D. HinesRobert FaheyLizann McGowanBrian FiumaraJerome KranzelBrad Ruppel
SOUTHEASTChris RileyFrank FallonBrian BudnickJennifer Klingler
SOUTH CENTRALJack FrakerJosh McArtorJonathan BryanHeather McClain
WESTDarla LongoBarbara EmmonsRebecca PerlmutterMike KendallAndrew BrinerGina Christen
DEBT & STRUCTUREDFINANCEVal Achtemeier
NORTH CENTRALMike CaprileTed StaszakStephanie Park
DEBT & STRUCTUREDFINANCESteve RothSteve Kundert
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