1003, 1009, 1011 g h, s, ca offering memorandum · 1003, 1009, 1011 g h, s, ca ... the city of...

1003, 1009, 1011 Gravenstein Highway, Sebastopol, 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. Maps provided by Google Inc. & Microsoft Corp., respectively.

Keegan & CoppinREAL ESTATE

Commercial Real Estate Services

KEEGAN & COPPIN COMPANY, INC. Dave Peterson, PartnerPeter Briceño, Agent1355 North Dutton Avenue, Santa Rosa, CA 95401

(707) 528-1400 • Fax: (707) 524-1419

Lic #s: 01280039, 01885655

[email protected] • [email protected]

SINGLE-TENANT NNN LEASED INVESTMENT

OFFERING MEMORANDUM



Keegan & CoppinREAL ESTATE

Commercial Real Estate Services

KEEGAN & COPPIN COMPANY, INC. Dave Peterson, PartnerPeter Briceño, Agent1355 North Dutton Avenue, Santa Rosa, CA 95401

(707) 528-1400 • Fax: (707) 524-1419

Lic #s: 01280039, 01885655

[email protected] • [email protected]

SECTION 1

SECTION 2

SECTION 3

INVESTMENT OVERVIEWInvestment Highlights

Offering Summary Property Summary

Tenant Summary

MULTI-TENANT, INDUSTRIAL LEASED INVESTMENT

AREA OVERVIEWCity of Sebastopol ProfileLocation & Demographics

Economic Development/RecreationAerial Map /Vicinity Map

PROPERTY OVERVIEWSite & Floor Plans

Campus Photos

1200-1210 Sonoma Avenue, Santa Rosa, CA

MULTI-TENANT LEASED MEDICAL INVESTMENT



INVESTMENT OVERVIEW 1

• NNN Single-Tenant Sale/Leaseback• O’Reilly Media Headquarters• Highly Stable Investment• Three Buildings: 88,234± rsf Gross• 100% Leased to 1 Tenant• 6.1± Acres of Additional Land for Building Expansion• Generous On-Site Parking• Priced Below Replacement Cost

Sale Price: $17,750,000

Investment Highlights

offering snapshotPROPERTY TYPE Professional CampusSQUARE FOOTAGE 88,234± sf GrossNET OPERATING INCOME $85,850/MonthCAPITALIZATION RATE 6.48% on Bldg., 5.8% OverallOFFERING PRICE $17,750,000PARCEL NUMBERS 060-261-029, 028, & 026SITE AREA 13.42± Acres (255,698± sf) (3 Contiguous Parcels)





INVESTMENT OVERVIEW

offering summaryPROPERTY TYPE Professional CampusSQUARE FOOTAGE 88,234± sf GrossNET OPERATING INCOME $85,580/Mo, $1,030,200/YrCAPITALIZATION RATE 6.48%OFFERING PRICE $17,750,000PARCEL NUMBERS 060-261-029, 028, & 026SITE AREA 13.42± Acres (255,698± sf) (3 Contiguous Parcels)2016 BASE RENT $88,850 per Month NNNLEASE EXPIRATION DATE Flexible - Prefer 5 YearsSINGLE TENANT O’Reilly MediaYEAR BUILT 2001CONSTRUCTION TYPE Three-Story Wood FrameRESTROOMS Eight (8) ADA RestroomsZONING Office/Industrial

Sale Price: $17,750,000

Building Valuation: Master Lease from O’Reilly Media88,234sf x $.973psf = $85,850 x 12 months = $1,030,200

6.48% capitalization Rate = $15,889,988Land Valuation:

6.1 acres (265,716sf) x $7.00psf = $1,860,012

2





3

The O’Reilly Media Campus consist of approximately 88,234 square feet of office and industrial buildings (90,026 square foot gross

building area) located at 1003 Gravenstein Highway North in Sebastopol, CA. The property was developed in 2001 and has been owner oc-

cupied by O’Reilly Media, Inc., an integrated media company. The improvements are comprised of two, three-story office buildings totaling

83,274 square feet, and a third, single story 4,960 square foot warehouse building (with a loft not included in square footage). The improved

portion of the offering sits on 7.32 acres including the three buildings, parking and rear outdoor area.

The offering also consists of two adjacent vacant parcels immediately east of the improved site – a 3.01 acre site and a 3.09 acre

site – for a total of 6.10 acres (the legal addresses for these parcels are 1009 and 1011 Gravenstein Highway). The vacant parcels are zoned

O/LM or Office/Light Industrial. The three parcels in this offering are the only parcels with this unique and versatile zoning within the City

of Sebastopol. Given its large size and Western Sonoma County location, is an extremely unique property. The current usability and future

development opportunity of this property makes in the most dynamic real estate opportunity currently available in Sonoma County.

Property Summary

PROPERTY OVERVIEW





4TENANT OVERVIEW

Tenant Summary

O’Reilly Media is an internationally recognized, multi-faceted media company that has played a seminal role in the Internet revolution. Through its books, events, online training courses, webcasts, and evangelism, O’Reilly has educated a generation of technologists and entrepreneurs and shaped the dialogue about the future direction of the industry. The company has played an enormous role in the evolution and adoption of the World Wide Web, open source software, big data, and the Maker movement. Since 1978, O’Reilly has been a chronicler and catalyst of technology development, homing in on the trends that really matter and spurring their adoption by exploring and disseminating cutting-edge information. An active participant in the technology community, the company has a long history of advocacy, meme-making, and evangelism. Company founder and CEO Tim O’Reilly has been called “the Oracle of Silicon Valley” by Inc. Magazine and “The Trend Spotter” by WIRED.

O’Reilly Media publishes definitive books and offers training videos for developers, administrators, managers, and users. The Company also conducts conferences and organizes events in the areas of big data, design, web operation and performance, open source software, and software architecture across the U.S., Europe, and Asia.

O’Reilly Media is headquartered in Sebastopol, California, with additional offices in Boston, MA; Farnham, UK; Oakville, ON, Canada; Tokyo, Japan; and Beijing, China. The Company has over 400 employees and an experienced management team.





City of Sebastopol ProfileThe City of Sebastopol is a small semi-urban community located in California, on the western edge of the Santa Rosa plain. It is 50 miles north of

San Francisco, 8 miles west of Santa Rosa, 10 miles from Bodega Bay, and about 15 miles from the Russian River. The City, incorporated in 1902,

currently has a population of about 7,800 people and serves a trade area population in excess of 50,000 people.

Mileage from SebastopolPetaluma 12 milesSan Francisco 57 milesSacramento 100 milesSan Rafael 40 milesNapa (city) 44 milesSonoma (city) 25 milesHealdsburg 15 milesBodega Bay 16 miles

5AREA OVERVIEW

AREA INFORMATION

Business Location and VisibilityRetail Office and Medical Office Industrial and Warehouse

• Regional highway access to the Sebastopol downtown comes from the Highway 101 corridor via designated scenic State

Highways 12 and 116.

• More than 50,000 residents in West Sonoma County use Sebastopol as their center of commerce for shopping,

entertainment, and business.

• Sebastopol’s downtown is located at the main cross roads to Bodega Bay, the Sonoma Coast and the Russian River wine and

recreation region. A mix of retail shops and professional offices line Sebastopol’s downtown area. Clothing, furniture,

restaurants and

• The Downtown Plaza invites visitors with live music, a farmer’s market, and sculpture by local artists, fountain, hops and cafes.





Location and Demographics

Home to approx 500,000 people, Sonoma County is a prime location for tourism as well as residence. Just thirty-five miles from the San Francisco Bay Area, there are nine incorporated cities in the county, in addition to seventeen unincorporated areas. The city of Santa Rosa is the most populous area, home to approximately one-third of the county’s population and was recently named as one of the nation’s “most livable communities” by Partners for Livable Communities.

Economic Development

Sonoma County’s unemployment rate is one of the lowest in California and the county continues to show long-term job growth in the health care, hospitality and business service sectors. For the leisure and hospitality sector. Educational and health services, which includes trade schools, social workers and health care professionals, has seen employment growth improve on a year-over-year basis. And business and professional services jobs have increased from a year earlier. In addition, new housing continues to increase throughout the county, while job growth and taxable sales also continue to rise.

Recreation

Sonoma County is renowned for its outstanding wineries, breathtaking vistas of the Pacific Ocean, rolling hills, and friendly atmosphere. The landscape is perfect for spending a day at one of the many spas or wine tasting rooms, mountain biking the various trails and country roads, or kayaking down the majestic rivers. The area is also known for its exquisite cuisine, much of which is cultivated in the orchards, gardens, and fields of Sonoma County.

Whether you are looking for a relaxing weekend getaway, or you feel like exploring the outdoors, Sonoma County has something for everyone. Located in the heartland of Wine Country, Sonoma County has more than 370 local wineries. There is a wide array of guided tours which explore the county’s culture and history, and offer tastings of the finest wines in the country. When the sun sets, you can continue your relaxing stay at one of the finer resorts in the area. From day spas to beautiful golf courses, Sonoma County has become synonymous with the elegant and relaxing getaway.

AREA INFORMATION

6AREA OVERVIEW





AREA OVERVIEW 7





PROPERTY SITE PLAN 8





PROPERTY FLOOR PLANS 9

Building C-1 Building C-2 Building C-3

Building B-1 Building B-2 Building B-3





PROPERTY PHOTOS 8





PROPERTY PHOTOS 9





PROPERTY PHOTOS 10





DISCLAIMER 11

This property is being offered on an as-is basis. While the Broker be-lieves 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 conclu-sions 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 Con-fidentiality Agreement. As such, the material contained in this bro-chure is confidential and is provided solely for the purpose of consid-ering the purchase of the property described herein. Offers should be presented to the agent for the property owner, Russ Mayer of Keegan & Coppin Company, Inc. Prospective buyers are encouraged to pro-vide buyer’s background, source of funds and any other information that would indicate their ability to complete the transaction smoothly.

Disclaimer

Contact Information:

Dave Peterson Partner

BRE # 01280039 (707) 528-1400 ext. 153

[email protected]

Peter Briceño Agent

BRE # 01885655 (707) 528-1400 ext. 153

[email protected]

1003, 1009, 1011 g h, s, ca offering memorandum · 1003, 1009, 1011 g h, s, ca ... the city of...

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