for sale 740 university avenue - ridge...
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400 Capitol Mall, Suite 1800Sacramento, CA 95814 Main 916.288.4800cushmanwakefield.com
Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made 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). As applicable, we make no representation as to the condition of the property (or properties) in question.
Kevin PartingtonExecutive Director +1 916 288 [email protected] #01193241
Spencer NielsenAssociate+1 916 288 [email protected] #01964163
A Project By
ASKING PRICE: $3,303,395 ($235 PSF)
740 University AvenueSacramento, CA, 95825
FOR SALE
• Conveniently Located in the Attractive Campus Commons Submarket• Easy Access to Highway’s 50 & 80, along with an abundance
of Shops, Restaurants, and other Attractive Amenities• Close Proximity to Executive Housing
• Building Size: ±14,057 RSF• 4.1/1,000 SF Parking Ratio• The Building O!ers a Flexible Floor Plan, Perfect for an Owner-User• 48 Covered and Gated Parking Stalls• High-End Interior Finishes
PROPERTY HIGHLIGHTS AREA FEATURES
400 Capitol Mall, Suite 1800Sacramento, CA 95814 Main 916.288.4800cushmanwakefield.com
Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made 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). As applicable, we make no representation as to the condition of the property (or properties) in question.
Kevin PartingtonExecutive Director +1 916 288 [email protected] #01193241
Spencer NielsenAssociate+1 916 288 [email protected] #01964163
A Project By
Floor Plan
100: ±7,700 RSF
130: ±3,897 RSF150: ±2,460 RSF
400 Capitol Mall, Suite 1800Sacramento, CA 95814 Main 916.288.4800cushmanwakefield.com
Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made 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). As applicable, we make no representation as to the condition of the property (or properties) in question.
Kevin PartingtonExecutive Director +1 916 288 [email protected] #01193241
Spencer NielsenAssociate+1 916 288 [email protected] #01964163
A Project By
Ow
n vs. Lease
PURCHASE ASSUMPTIONS
PURCHASE PRICE $3,300,000
IMPROVEMENTS $350,000
TOTAL PROJECT COST $3,650,000($260/SF)
CASH DOWN PAYMENT 10% (SBA 7a LOAN)
$365,000
MONTHLY COSTS (est.)
PER SQ. FT. AMOUNT
MORTGAGE $1.33 $18,728
OPERATING COSTS 0.60 $8,434
TOTAL MONTHLY COSTS 1.93 $27,162
MONTHLY OWNERSHIP BENEFITS
MONTHLY DEPRECIATION ESTIMATE* $6,239
TENANT INCOME (IF APPLICABLE) $0
TOTAL OWNERSHIP BENEFITS $6,239
TOTAL EFFECTIVE MONTHLY COSTS $20,923
LEASE ASSUMPTIONS
RENT PER SQ. FT/MONTH $2.00
RENT/MONTH $28,114
START-UP COSTS
PREPAID RENT & SECURITY DEPOSIT (EQUAL TO 2 MONTHS RENT) $56,228
MONTHLY COST (est.)
PER SQ. FT. AMOUNT
RENT PAYMENT $2.00 $28,114
OPERATING COSTS 0.00 $0
ASSOCIATION DUES 0.00 $0
TOTAL MONTHLY COSTS $2.00 $28,114
MONTHLY OWNERSHIP BENEFITS
TOTAL EFFECTIVE MONTHLY COSTS $28,114
* Depreciation is estimated based upon 80.0% allocation of purchase price to building cost that is depreciated over 39 years.
The above figues are the discussion purposes only and are subject to change. This is not an o!er or commitment to lend.
PREPARED FOR: 740 UNIVERSITY AVE.
BY: Brian Broderick - +1 916-678-3708
INCOMEOWN Analysis
400 Capitol Mall, Suite 1800Sacramento, CA 95814 Main 916.288.4800cushmanwakefield.com
Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made 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). As applicable, we make no representation as to the condition of the property (or properties) in question.
Kevin PartingtonExecutive Director +1 916 288 [email protected] #01193241
Spencer NielsenAssociate+1 916 288 [email protected] #01964163
A Project By
1University Village
Bandera Buckhorn Grill (coming soon)
Starbucks Pieology Pizza
Capitol Beer and Tap Room Menchie’s Frozen Yogurt
Zocalo’s (coming soon) Safeway
2Loehmann’s Plaza
Chipotle Pinkberry
Jacks Urban Eats Nothing Bundt Cakes
Noah’s Bagel’s UPS Store
Jamba Juice SaveMart
1
740 UNIVERSITY AVE.
3Pavilions Shopping Center
Ruth Chris Steak House Insight Co!ee
Piatti Williams-Somona
Wildhorse Madam Butterfly
Cafe’ Bernardo Talbots
3
2
American River
University Ave.
How
e A
ve.
J St.
Fulton Ave.
Munroe St.
Fair Oaks B
lvd.
c a m P u S c o m m o n S
601 university avenue
701 university avenue 655 university avenue
+ university avenue is comprised of a group of buildings totaling 275,000 square feet in the highly active campus commons submarket of Sacramento. the one and two-story garden-style office properties range in size from 14,000 to 78,000 square feet, each offering a beautiful, unique setting with extensive, lush landscaping. this submarket is one of the more mature and appealing office environments in the Sacramento region, ideally situated between Fair oaks Blvd., howe ave., hwy. 50 and the american river. close proximity to california State university, Sacramento, some of the region’s finest shopping and eating establishments, and immediacy to executive housing, prompt many companies to locate in this distinguished corporate environment.
c a m P u S c o m m o n S
For more information 400 capitol mall, Suite 650 • Sacramento, ca 95814 • t 916.614.8800 F 916.614.8840 • www.hines-sacramento.com
project amenities:+ Lush, mature landscaping in a campus-like setting
+ Fitness center with shower facilities, lap pool and access to
the american river bike trail
+ twenty-four hour key card access system
+ ample parking (4 spaces/1,000 sf )
+ Local management presence
+ conference facility and access to additional facilities at
other area properties
+ Proximity to numerous restaurants, business services,
california State university, Sacramento