1235 glenhaven court $3,560,000...hard 90 baseball has been in business for 10 years and is...

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1235 GLENHAVEN

COURT

ASKING PRICE

$3,560,000 6.32% Cap Rate

±2.82 ACRES

±23,523 SF TOTAL

CEMO COMMERCIAL, INC 950 GLENN DRIVE, SUITE 130 FOLSOM, CA. 95630 www.cemocommercial.com BRE# 01157779

Douglas Quiroz President 916-933-2300 Office [email protected]

Kaci Dube Leasing Agent/Property Manager 916-933-2300 Office [email protected]

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CONTENTS

OVERVIEW

PROPERTY PHOTOS

AERIAL MAP

STREET MAP

RENT ROLL

FINANCIAL SUMMARY

COMPANY SUMMARY

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High quality 2008 construction with an excellent tenant mix.

Adjacent to high-end affluent neighborhood, as well as a huge

population base of nearby patrons. Ample parking and terrific

visibility. Other great features: Low maintenance, impressive

finishes & professionally managed. A good return and easy to

own investment property with below market rent upside

potential!

PROPERTY HIGHLIGHTS

• High End Building Finishes

• 2008 Construction

• R&D Zoning

• 24’ Clear Height

• 1,000 amp 3 phase power

• 10 12’x14’ grade level roll-up doors

• Below market rents

PROPERTY SUMMARY

• Asking Price: $3,560,000

• Cap Rate: 6.32%

• Year Built: 2008

• Lot Size: 2.82 Acres

• Total SF: 23,520 SF

LOCATION HIGHLIGHTS

• Affluent area

• Close to high-end housing

OVERVIEW




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PROPERTY PHOTOS




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AERIAL MAP




SUBJECT PROPERTY

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STREET MAP




SUBJECT PROPERTY

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RENT PROJECTIONS/TENANT SUMMARY




Tenant Jul. 2019 Aug. 2019 Sept. 2019 Oct. 2019 Nov. 2019 Dec. 2019 Jan. 2020 Feb. 2020 Mar. 2020 Apr. 2020 May 2020 Jun. 2020 Annual Rent

Sac Baseball $7,400 $7,400 $7,400 $7,400 $7,400 $7,400 $7,400 $7,400 $7,400 $7,600 $7,600 $7,600 $89,400.00

Terzo Power $8,778.27 $8,778.27 $8,778.27 $9,041.62 $9,041.62 $9,041.62 $9,041.62 $9,041.62 $9,041.62 $9,041.62 $9,041.62 $9,041.62 $107,709.39

Terzo CAM $1,699.02 $1,699.02 $1,699.02 $1,699.02 $1,699.02 $1,699.02 $1,699.02 $1,699.02 $1,699.02 $1,699.02 $1,699.02 $1,699.02 $20,388.24

McClatchy $4,535.04 $4,535.04 $4,535.04 $4,676.76 $4,676.76 $4,676.76 $4,676.76 $4,676.76 $4,676.76 $4,676.76 $4,676.76 $4,676.76 $55,695.96

Central Park $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $3,000.00

$22,662.33 $22,662.33 $22,662.33 $23,067.40 $23,067.40 $23,067.40 $23,067.40 $23,067.40 $23,067.40 $23,067.40 $23,067.40 $23,067.40 $276,193.59

Sacramento Baseball: (Hard 90 Baseball): Occupies 9,360 RSF, Lease Term expires 3/31/2021 Hard 90 Baseball is a training facility in El Dorado Hills, California. Hard 90 offers classes and private lessons for hitting, pitching and fielding. In addition to training, Hard 90 fields travel baseball teams for ages 9-18. Hard 90 Baseball has been in business for 10 years and is currently paying below market rent . Terzo Power Systems: Occupies 9,439 RSF, Lease term expires 7/5/2027 Terzo Power Systems is dedicated to the development, commercialization, and manufacture of high performance, compact, and ultra-efficient hydraulic systems and off-road, heavy-duty hybrid system technology McClatchy: Occcupies: 4,724 RSF, Lease term expires 9/30/2020 Started in1857, by James McClatchy who helped launch the company ’s first newspaper “The Daily Bee” in the wake of the California Gold Rush. The Daily Bee—later renamed The Sacramento Bee—persevered through an independent approach to journalism and a commitment to quality. The Bee family expanded with the founding of The Fresno Bee in 1922 and the purchase of The Modesto Bee in 1927. What followed was more than a century of growth, fueled by the acquisition of quality media companies in growing markets across the country, including the 2006 purchase of Knight Ridder, which made McClatchy, at that time, the second largest newspaper publisher in the United States. Today, McClatchy operates a leading local media company in 30 U.S. markets, connecting with our communities through print, digital, mobile apps, and more. Central Park Systems: Occupies Roof Space for wireless antenna, Lease term expires 9/30/2022 A local technology services company that provided wireless bandwidth services to the El Dorado Hills Business Park and surrounding business communities.

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FINANCIAL SUMMARY

PROFORMA

Current

(2018-19)

Proforma

(2019-20)

Monthly Income $22,662.33 $23,067.40

Annualized Income $276,193.59 $276,808.80

Effective Gross Income $276,193.59 $276,808.80

EXPENSES

Exterior-R&M $2,478.50 $2,000.00

Fire Life Safety $3,262.46 $3,200.00

HVAC $640.00 $500.00

Landscaping $3,300.00 $3,300.00

Management Fee $7,313.24 $7,313.00

Repairs and Maint. $1,942.96 $2,000.00

Painting $12,750.00 $500.00

Parking Lot R&M $580.25 $600

Pest Control $1,600.00 $1,600.00

Plumbing $165.00 $200.00

Roofing $2,315.00 $2,000.00

Owners Association $845.26 $850.00

Misc. Expense $400.00 $400.00

Utilities - Electric $1,319.97 $1,400.00

Utilities - Garbage $2,602.74 $2,700.00

Utilities - Water/Irrigation $4,053.39 $4,000.00

Utilities-Sewer $1,012.59 $1,000.00

Insurance $2,463.00 $2,500.00

Real Estate Taxes $15,592.92 $15,592.00

Total Expenses $64,637.03 $51,655.00

NET INCOME $211,556.56 $225,153.00




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Cemo Commercial, Inc. is a full service Commercial Real Estate

company located in the Greater Sacramento Region. We specialize

in all aspects of commercial real estate, including land acquisition,

office space, industrial facilities, retail complexes, early childcare

development centers, adult special needs facilities, memory care

facilities, and multi-family properties. From purchasing raw land to

selling completed buildings, our agents have brokered over $1.2B

in transactions and currently maintain and manage close to 1.2

million square feet of commercial property in the marketplace. At

Cemo Commercial, we truly are a complete source for all your

Commercial Real Estate needs.

DOUGLAS QUIROZ PRESIDENT [email protected]

916-933-2300 Office

BRE#01838140

Douglas J. Quiroz serves as President of Cemo Commercial where

he oversees much of Cemo Commercials operations. Quiroz

brings with him to his real estate career more than 12 years of

value added business, project management and construction

project oversight experience. Quiroz’s passion for business

development and strategic marketing is reflected in his

instrumental efforts to create and manage three successful

businesses over the course of the past 25 years.

COMPANY SUMMARY




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CEMO COMMERCIAL, INC 950 GLENN DRIVE | SUITE 130 | FOLSOM, CA, 95630

WWW.CEMOCOMMERCIAL.COM

GLENHAVEN COURT

OFFICE/FLEX DEVELOPMENT

1235 glenhaven court $3,560,000...hard 90 baseball has been in business for 10 years and is...

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