class a logistics building totaling 108k sf | 100% nnn …€¦ · exclusive marketing advisors...
TRANSCRIPT
CONFIDENTIAL OFFERING MEMORANDUM
CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN LEASED FOR 6+ YEARS AT BELOW MARKET RENTS | STRATEGIC SACRAMENTO LOCATION WITH IMMEDIATE ACCESS TO I-80
80
EXCLUSIVE MARKETING ADVISORSCapital Markets Experts:ALEC HALEYCA Lic #[email protected]
Local Market Expert:MIKE ZIMMERMANCA Lic #01514055916.491.4312 [email protected]
Debt & Structured Finance:JORDAN ANGELCA Lic #[email protected]
ANDREW BRINERCA Lic #[email protected]
BERCUT SMITHCA Lic #[email protected]
THE OFFERINGJLL is pleased to offer qualified investors the opportunity to acquire the 100% fee-simple interest in 1835 Diesel Drive (the “Property”), an institutional-quality distribution building located in the McClellan submarket of Sacramento.
The Property totals 108,000 square feet and is 100% NNN leased to Omnimax International, Inc. (the “Tenant” or the “Company”) through January 2026. Conveniently situated less than a mile from Interstate 80, the Property serves as one of the Company’s primary West Coast distribution centers.
1835 Diesel Drive presents investors with a rare opportunity to acquire a Class A distribution building with significantly below market rent and located in one of the strongest industrial markets on the West Coast.
PROPERTY SUMMARY
Address 1835 Diesel Drive, Sacramento, CA
Total Rentable Area (RSF) 108,000
Site Area (Acres) 6.78
Occupancy 100%
Tenant Omnimax International, Inc
Number of Buildings 1
Year Built 1999
Minimum Clear Height 28’ - 30’
Sprinkler System ESFR
Dock High Doors 18
Grade Level Doors 4
Year 1 NOI $484,000
5 Executive Summary
INVESTMENT HIGHLIGHTS
BELOW MARKET RENT AND FUTURE UPSIDE POTENTIAL
• In-place rental rate is currently $0.38 PSF/Mo. NNN, approximately 18% below the current market rate of $0.45 PSF/Mo. NNN
LONG-TERM NNN LEASED• 100% leased to OmniMax International
for 6+ years• Mission-critical location for tenant,
facilitating the west coast operations of 3 key U.S. brands
ROBUST LOCAL ECONOMY AND DEMAND DRIVERS
• 1.1 million total metropolitan labor force• 3.1% unemployment rate• Since 2011, employment in Sacramento
has grown roughly 25%
IDEAL NORTHERN CALIFORNIA DISTRIBUTION LOCATION FOR LOGISTICS USERS
• 14% of the US population resides within 300 miles of Sacramento
• Located with easy access to major transportation arterials - North/South: Interstate 5 and Highway 99 - East/West: Interstate 80
• Proximity to major airports and ports
LIMITED COMPETITIVE PROPERTIES IN THE MARKET
• Class A warehouse/distribution product represents just 17% of the overall inventory
• Property Highlights:• 2000 Vintage• Concrete tilt-up construction• 28’ clear height• 141’ 6’’ truck court depth• Limited office build-out (2.0%)
HISTORICALLY STRONG INDUSTRIAL MARKET FUNDAMENTALS IN MCCLELLAN
• Infill submarket with a 3.60% vacancy rate• 8.35% compounded annual rental rate
growth from 2015-2018• 96,310 SF of positive net absorption in 1Q
2019
6 Executive Summary
REGIONAL MAP
680
680
505
80
80
780
680
580205
580
5
5
580
880
880
280
5
5
5
101
50
101
101
175
128
12
116121
37
128
1
1
4
4
113
113
113
16
84
99
99
99
9949
49
16
49
26
26
88
88
132
33
120
49
4
130
165140
599284
17
29
29
SAN FRANCISCO
SAN JOSE
SACRAMENTO
Mt Diablo
EldoradoNational Forest
Santa RosaYountville
St Helena
Calistoga
Middletown
HiddenValley Lake
ClearlakeLower Lake
Rumsey
Guinda
Dunnigan
BrooksEsparto
Yolo
Woodland
Davis
DixonElk Grove
Galt
LockefordLodi
Morada
Stockton
Fairfield
Vallejo
Richmond
Berkeley
PleasantonDaly City
San Mateo
Pescadero
MountainView
Palo Alto
Concord
Walnut Creek Discovery Bay
Tracy
Manteca
Salida
CeresModesto
Oakdale
Vernalis
PattersonTurlock
La Grange
Sonora
ColumbiaAngels Camp
San Andreas
JacksonIoneSutter Creek
Somerset
PlacervillePollock Pines
ColomaRoseville
Rocklin
Lincoln Auburn
Copperopolis
Newman
GustineMerced
AtwaterLivingston
Antioch
Rio Vista
Mill Valley
Novato
Vacaville
Winters
KnightsLanding
NapaSomomaRohnert Park
Petaluma
Big Trees
KEY DISTANCESSacramento International Airport 12 miles
Port of Stockton 58 miles
Port of Oakland 87 miles
San Francisco 93 miles
Oakland International Airport 95 miles
San Francisco International Airport 103 miles
San Jose International Airport 123 miles
Port of Los Angeles 417 miles
Las Vegas 565 miles
Portland 580 miles
PORT OF OAKLAND
N
7 Executive Summary
REGIONAL MAP
LOCAL MAP
99
99
8416
160
244
80
80
80
5
5
5
50
SACRAMENTOINTERNATIONAL
AIRPORT
MATHER AIRPORT
SACRAMENTOMCCLELLAN AIRPORT
Sacramento River
SACRAMENTO
NorthSacramento
EastSacramento
Midtown
Arden-Arcade
RanchoCordova
La Riviera
Rosemont
Florin
Riverview
Carmichael
Fair Oaks
NorthHighlands
Citrus Heights
McClellanPark
Fremont
Kiesel
Beatrice
North Natomas
Rio Linda
Elverta Antelope
Lincoln Hwy
LEGEND
ON/OFF RAMP
KEY DISTANCESInterstate 80 0.8 Miles
Sacramento McClellan Airport 2.8 Miles
Interstate 5 6.0 Miles
Sacramento 8.9 Miles
Sacramento International Airport 12.3 Miles
N
8 Executive Summary
LOCAL MAP
80
80
Raley Blvd
Lang Ave
Bell Drive
Dean StParker Ave
Diesel Drive
I-80 On Ramp
Main Ave
N
9 Executive Summary
AERIAL9 Miles to Downtown Sacramento
87 Miles to Port of Oakland
Lang Avenue
Dies
el D
rive
N
10 Executive Summary
AERIAL
LOCATION
Address 1835 Diesel Drive, Sacramento, CA
Tenant Omnimax International, Inc.
Lease Expiration January 2026
Occupancy 100%
Industrial Market North Sacramento
Industrial Submarket McClellan
Parcel Number (APN) 238-0220-034
BUILDING SIZE
Total Rentable Area (RSF) 108,000
Site Area (Acres) 6.78
Coverage 36.6%
Office SF / % 2,142 SF / 2.0%
Number of Buildings 1
BUILDING FEATURES
Year Built 1999
Minimum Clear Height 28’ - 30’
Truck Court Depth +/- 141’
Parking 112 (surface) 1.0/1,000 SF
Dock High Doors 18
Ground Level Doors 4
Zoning M1-SCONSTRUCTION OVERVIEW
Construction Type Concrete tilt-up
Column Spacing 54' x 40'
Electrical 800 amp 277/480 volt
Sprinkler System ESFR
Lighting T8 Fluorescent
12 Property Description
PROPERTY DESCRIPTION
SITE PLAN
200ʼ D
540ʼ W
40ʼ
70ʼ
54ʼ
273ʼ
141ʼ 6ʼʼ
30ʼ
Gate
TruckAccess Gate
TruckAccess Gate
60ʼ40ʼ
83ʼ
141ʼ 6ʼʼ
30ʼ
Gate
TruckAccess Gate
TruckAccess Gate
60ʼ40ʼ
83ʼ
18 DOCK DOORS18 DOCK DOORS
Diesel DriveDiesel Drive
Trailer Parking
Trailer Parking
Trailer Parking
LEGEND
GRADE LEVEL DOORS
DOCK HIGH DOORS
OFFICE SPACEKNOCK-OUT DOCK DOORS
±108,000 SQUARE FEETLED JANUARY 2026
N
13 Property Description
SITE PLAN
14 Property Description
PROPERTY PHOTOS
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Jones Lang LaSalle Americas, Inc. or its state-licensed affiliate (“JLL”) has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than JLL, and neither Owner nor JLL, nor their respective equity holders, officers, directors, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and JLL, its officers, directors, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.
EXCLUSIVE MARKETING ADVISORSCapital Markets Experts:ALEC HALEYCA Lic #[email protected]
Local Market Expert:MIKE ZIMMERMANCA Lic #01514055916.491.4312 [email protected]
Debt & Structured Finance:JORDAN ANGELCA Lic #[email protected]
ANDREW BRINERCA Lic #[email protected]
BERCUT SMITHCA Lic #[email protected]