OWNER/USER OR INVESTMENT OPPORTUNITY · Fruitridge Manor Gardenland McClellan Mather Sloughhouse...
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PROPERTY HIGHLIGHTS FOR MORE INFORMATION, PLEASE CONTACT: ©2018 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. MATT COLOGNA, SIOR Senior Director +1 916 288 4805 [email protected] CA License #01210309 • Building Size: ±8,107 SF • Lot Size: ±0.80 acre • APN: 272-0312-031-000 • Construction Type: Wood Frame • Year Built: 1984 • Parking: ±46 parking stalls • Well maintained property on a corner Location with mature landscaping. • Owner Financing possible. Asking Sale Price: $875,500 ($108/SF) W a t t A ve Del Paso Heights Nimbus nwood Ald Mayhew ento Routier Swanston Walerga Arcade Arden Town Ben Ali Citrus s Folsom J McClellan Mather Gold River Fair Oaks Foothill Farms Orangevale nda Rosemont La Riviera Carmichael North Highlands Rancho Cordova OWNER/USER OR INVESTMENT OPPORTUNITY FOR SALE ±8,107 SF Office/Flex Building Fair Oaks Blvd 400 Capitol Mall, Suite 1800 Sacramento, CA 95814 cushmanwakefield.com CA License No: 00616335 2508 GARFIELD AVE CARMICHAEL, CA
Transcript of OWNER/USER OR INVESTMENT OPPORTUNITY · Fruitridge Manor Gardenland McClellan Mather Sloughhouse...
PROPERTY HIGHLIGHTS
FOR MORE INFORMATION, PLEASE CONTACT:
©2018 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE.
MATT COLOGNA, SIORSenior Director+1 916 288 4805 [email protected] License #01210309
• Building Size: ±8,107 SF• Lot Size: ±0.80 acre• APN: 272-0312-031-000• Construction Type: Wood Frame• Year Built: 1984• Parking: ±46 parking stalls• Well maintained property on a corner Location
with mature landscaping.• Owner Financing possible.
Asking Sale Price: $875,500 ($108/SF)
Wat
tA
veDel PasoHeights
NimbusHagginwoodAlder Creek
Manlove
Mayhew
NorthSacramento
SacramentoIntl. Airport
Oak ParkPerkins
Polk
Pollock
Ramona
Robla
Routier
Swanston
Walerga
Walsh Station
Beatrice
Bryte
Fremont
Kiesel
Lovdal
Peethill
Riverview
Arcade
Arden Town
Ben Ali
Bombay
Brighton
Citrus
Cordova
DelPaso
Elvas
Folsom Junction
FruitridgeManor
Gardenland
McClellan
Mather
Sloughhouse
Gold River
Fair Oaks
FoothillFarms
Orangevale
Rio Linda
Rosemont
La Riviera
Carmichael
NorthHighlands
RanchoCordova
WestSacramento
Sacramento
OWNER/USER OR INVESTMENT OPPORTUNITY
FOR SALE
±8,107 SF Office/Flex
Building
Fair
Oak
s B
lvd
400 Capitol Mall, Suite 1800Sacramento, CA 95814cushmanwakefield.com
CA License No: 00616335
2508GARFIELD AVECARMICHAEL, CA
FOR
SALE
FOR MORE INFORMATION,PLEASE CONTACT:
MATT COLOGNA, SIORSenior Director
+1 916 288 4805 [email protected]
CA License #01210309
400 Capitol Mall, Suite 1800Sacramento, CA 95814cushmanwakefield.com
CA License No: 00616335
OWNER/USER OR INVESTMENT
OPPORTUNITY2508GARFIELD AVECARMICHAEL, CA
El Camino Ave
Garfi
eld A
ve
REST-ROOM
SUITE E±850 RSF
SUITE B±1,863 RSF
UTILITYROOM
AVAILABLESUITE A
±1,924 RSF
SUITE F±1,627 RSF
SUITE C±1,252 RSF
RENT ROLLSUITES SF± TENANT Lease Expiration
A 1,924 VACANT
B 1,863 Dental Lab 1/14/2023
C 1,252 80 Rock Barbershop 12/31/2018
E 800 Gina Wade Counseling Month-to-Month
F 1,627 Ceramic Designs 8/31/2020
Common Area 234
INCOME | EXPENSES
FOR SALEFO
R SA
LE
FOR MORE INFORMATION,PLEASE CONTACT:
MATT COLOGNA, SIORSenior Director
+1 916 288 4805 [email protected]
CA License #01210309
400 Capitol Mall, Suite 1800Sacramento, CA 95814cushmanwakefield.com
CA License No: 00616335
OWNER/USER OR INVESTMENT
OPPORTUNITY2508GARFIELD AVECARMICHAEL, CA
ACTUAL@ 75% occupancy
PROFORMA@ 100% occupancy
GROSS INCOME $69,130.08 $90,730 ANNUAL EXPENSES
Property Taxes $11,762.00 $11,762.00Insurance $1,907.00 $1,907.00
Property Management $2,600.00 $2,600.00Cleaning/Janitorial $627.29 $627.29
Parking Lot/Dayporter $720.00 $720.00 Repairs and Maintenance $1,369.13 $1,369.13
Electric $4,383.99 $4,383.99 Water/Sewer $3,170.56 $3,170.56
Trash $901.13 $901.13
Total Expenses $27,441.10 $27,441.10
Net Operating Income $41,688.90 $63,288.90
Capitalization Rate 4.76% 7.23%
FOR
SALE
OWNER/USER OR INVESTMENT
OPPORTUNITY
MATT COLOGNA, SIORSenior Director+1 916 288 4805 [email protected] License #01210309
Property Contact:SBA Loan Contact:
2508GARFIELD AVECARMICHAEL, CA
SBA 504 Loan Scenario2508 Garfield Ave., Carmichael
Own the Business? Own the Building.
Building Purchase Price $875,000Improvements $0Equipment $0Other $0Total Project Costs $875,000
Loan StructureBank 1st Mortgage 50% $437,500SBA 504 2nd Mortgage 40% $361,000Down Payment 10% $87,500Total Project with Fees 100.00% $886,000
Loan Amount Rate Term Amort Monthly Pymt Annual PymtBank 1st Mortgage 437,500$ 5.00% 25 Yrs 25 Yrs 2,558$ 30,691$ SBA 504 2nd Mortgage* 361,000$ 5.28% 25 Yrs 25 Yrs 2,170$ 26,036$
Total Financing 798,500$ 5.13% 4,727$ 56,727$
Assumptions:
For more information contact TMC:
Your SBA 504 ExpertJim AzevedoTMC FinancingSVP, Business [email protected]
90% SBA 504 Financing Example
● Bank rate, terms and fees are estimated and will vary depending on approval.● SBA rate is as of Sep '18. Actual rate is set at debenture sale.● SBA Fee is estimated at 2.15% plus a $2,500 legal fee. All SBA fees are financed in the 504 loan.
● Related costs including appraisal and environmental reports, escrow closing costs (including insurance and legal closing costs)and other soft costs may be included in the loan.
● 90% LTV financing generally does not require additional collateral.
*Includes financed SBA fee of $11,000
50%
40%
10%
Bank Loan
SBA 504 Loan
Injection
($ 0.58/SF/Month)
SBA 504 Loan Scenario2508 Garfield Ave., Carmichael
Own the Business? Own the Building.
Building Purchase Price $875,000Improvements $0Equipment $0Other $0Total Project Costs $875,000
Loan StructureBank 1st Mortgage 50% $437,500SBA 504 2nd Mortgage 40% $361,000Down Payment 10% $87,500Total Project with Fees 100.00% $886,000
Loan Amount Rate Term Amort Monthly Pymt Annual PymtBank 1st Mortgage 437,500$ 5.00% 25 Yrs 25 Yrs 2,558$ 30,691$ SBA 504 2nd Mortgage* 361,000$ 5.28% 25 Yrs 25 Yrs 2,170$ 26,036$
Total Financing 798,500$ 5.13% 4,727$ 56,727$
Assumptions:
For more information contact TMC:
Your SBA 504 ExpertJim AzevedoTMC FinancingSVP, Business [email protected]
90% SBA 504 Financing Example
● Bank rate, terms and fees are estimated and will vary depending on approval.● SBA rate is as of Sep '18. Actual rate is set at debenture sale.● SBA Fee is estimated at 2.15% plus a $2,500 legal fee. All SBA fees are financed in the 504 loan.
● Related costs including appraisal and environmental reports, escrow closing costs (including insurance and legal closing costs)and other soft costs may be included in the loan.
● 90% LTV financing generally does not require additional collateral.
*Includes financed SBA fee of $11,000
50%
40%
10%
Bank Loan
SBA 504 Loan
Injection
($ 0.58/SF/Month)
