class a logistics building totaling 108k sf | 100% nnn …€¦ · exclusive marketing advisors...

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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

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Page 1: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

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

Page 2: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

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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]

Page 3: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

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

Page 4: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

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

Page 5: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

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

Page 6: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

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

Pocket

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

Page 7: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

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

Page 8: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

Lang Avenue

Dies

el D

rive

N

10 Executive Summary

AERIAL

Page 9: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

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

Page 10: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

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

Page 11: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

14 Property Description

PROPERTY PHOTOS

Page 12: CLASS A LOGISTICS BUILDING TOTALING 108K SF | 100% NNN …€¦ · EXCLUSIVE MARKETING ADVISORS Capital Markets Experts: ALEC HALEY CA Lic #02017606 415.510.6959 alec.haley@am.jll.com

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]