for sale & lease office/ retail building · | pg 2 . property summary. 3600 sisk road ·...

www.ngcip.com | Broker # 01910787T (209) 477-4400 | F (209) 476-7344

OFFICE/ RETAIL BUILDING323-367 E Leland RoadPittsburg, California

FOR SALE & LEASE

PROPERTY HIGHLIGHTS:

• Highlights

Ryan Dong | Associate(925) 271-5651

[email protected] #01991292

Neil Reiher | Associate(925) 475-5575


Xavier Santana | President(925) 226-2455


| PG 2

PROPERTY SUMMARY3600 Sisk Road · Modesto, CaliforniaPROPERTY SUMMARY323-367 E Leland Road Pittsburg, California

OFFICE/RETAIL BUILDING

SALE PRICE: Contact Broker

LEASE RATE: Contact Broker

BUILDING AREA: ± 19,053 Sq Ft± 0.81 Acres (Land Parcel)

PARCEL SIZE: Combined Size: ± 2.05 Acres

TRAFFIC COUNTS: Leland Rd @ Site-Harbor St @ Leland Rd-

± 25,000 ADT± 12,000 ADT

• Located on a strong signalized intersection

• Adjoining parcel also for sale

• Surrounding area tenants consist of O’Reilly Auto Parts, AutoZone, Farmers Insurance, Dominos, Walmart, CVS, Goodwill, and more

• Property has a 35,283 Sq Ft buildable pad

• Zoned Planned Development (PD) Allows for a multitude of uses, including retail, office, and general commercial. Must get city planning approval for development and building use

PROPERTY HIGHLIGHTS:

| PG 3

PROPERTY SUMMARY3600 Sisk Road · Modesto, CaliforniaINCOME EXPENSES323-367 E Leland Road Pittsburg, California

OFFICE/ RETAIL BUILDING

ESTIMATED OPERATING EXPENSESOwner's 2016 Estimated

2017 ProformaAmount

Taxes $18,195 $34,850

Insurance $6,625 $6,758

Security $3,414 $3,482

Fire $2,159 $2,202

Property Management $5,175 $3,142

Maintenance $10,565 $10,776

Utilities $8,786 $8,962

Capital Reserve $0 $12,240

Association Fee $28,897 $28,897

Water Maintenance $6,392 $6,520

Total $90,208 $117,829

Annual Per Square Foot $4.73 $6.18Monthly Per Square Foot $0.39 $0.52

ASSUMPTIONS

Vacancy Allowance: 4.000%Proforma management fees @: 5.000%Proforma property taxes @: 1.025%Capital Reserve at: 3.000%

FINANCIAL STRUCTURE

Scheduled Gross IncomeActual-In-

PlaceRent Proforma

Amount

Base Rent $56,376 $57,281

Expense Recoveries $6,468 $117,829

Other Income $0 $0

Lease-Up Available Space $0 $351,626

Subtotal $62,844 $525,831

Less Vacancy Allowance $0 $21,033

Effective Gross Income $62,844 $504,798

Less Expenses $90,208 $117,829

Net Operating Income -$27,364 $386,969

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PROPERTY SUMMARY3600 Sisk Road · Modesto, CaliforniaRENT ROLL323-367 E Leland Road Pittsburg, California


Suite Tenant Ste Size (Sq Ft)

Mon Rent(PSF)

Mon Rent(PSF)

Market Rent (PSF) Lease Exp Lease Type

323 Turn Head 1,100 $1,613 $1.47 $1.50 MTM NNN

325 VACANT/AVAILABLE 865 - - $2.00 - -

327B Ernest Nichols 505 $1,200 $2.38 $2.00 MTM Gross

327A VACANT/AVAILABLE 165 - - $2.00 - -

327C Living Proof Outreach 134 $585 $4.37 $2.00 6/30/2017 Gross

329 VACANT/AVAILABLE 1,100 - - $1.75 - -



333A Gonzalez-Farmers INS 930 $1,300 $1.40 $1.75 3/31/2018 NNN


361-369 VACANT/AVAILABLE 1,589 - - $1.75 - -



TOTAL 19,053 $4,698 $1.79 (Avg)

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Tracy, CaliforniaMARKET AERIAL

Pittsburg, CaliforniaMARKET AERIAL

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Tracy, CaliforniaMARKET AERIAL

Pittsburg, CaliforniaMARKET AERIAL

BUCHANAN ROAD [±14,000 ADT]

1 mi Radius

3 mi Radius

5 mi Radius

POPULATION

2016 Estimated Population 21,970 72,672 145,3182021 Projected Population 23,633 78,074 155,9202010 Census Population 20,707 67,526 131,793Projected Annual Growth 2016 to 2021 1.5% 1.5% 1.5%2016 Median Age 33.2 33.4 33.8HOUSEHOLDS

2016 Estimated Households 6,668 22,057 44,7132021 Projected Households 7,036 23,252 47,0762010 Census Households 6,450 21,029 41,722Projected Annual Growth 2016 to 2021 1.1% 1.1% 1.1%Historical Annual Growth 2000 to 2016 -0.1% 0.5% 0.6%RACE AND ETHNICITY

2016 Estimated White 34.7% 37.1% 42.6%2016 Estimated Black or African American 19.8% 18.0% 15.2%2016 Estimated Asian or Pacific Islander 12.3% 14.8% 13.7%2016 Estimated American Indian or Native Alaskan 1.1% 0.9% 0.9%2016 Estimated Other Races 32.2% 29.3% 27.6%2016 Estimated Hispanic 50.5% 44.6% 42.1%INCOME

2016 Estimated Average Household Income $60,040 $71,520 $74,132

2016 Estimated Median Household Income $50,341 $61,726 $64,730

2016 Estimated Per Capita Income $18,254 $21,773 $22,868BUSINESS

2016 Estimated Total Businesses 576 1,801 2,9882016 Estimated Total Employees 5,945 19,582 27,567

RADIUS MAP

© 2017 Northgate Commercial Real Estate. We obtained the information above from sources webelieve to be reliable. However, we have not verified its accuracy and make no guarantee,warranty or representation about it. It is submitted subject to the possibility of errors, omissions,change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoutnotice. We include projections, opinions, assumptions or estimates for example only, and theymay not represent current or future performance of the property. You and your tax and legaladvisors should conduct your own investigation of the property and transaction.

| PG 7

PROPERTY SUMMARY3600 Sisk Road · Modesto, CaliforniaPROPERTY SUMMARY355-367 E Leland Road Pittsburg, California


for sale & lease office/ retail building · | pg 2 . property summary. 3600 sisk road ·...

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