the shadows · 2020. 8. 12. · references to square footage are approximate. buyer must verify the...
TRANSCRIPT
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 1
Exclusively Listed By:
TERRY MOORE, CCIM
SVP, Principal www.sandiegoapartmentbroker.com
Direct: 619.497.6424 Fax: 619.299.8536 Cell: 619.889.1031 [email protected]
License #00918512
The Shadows 733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 2
Exclusively Listed By:
TERRY MOORE, CCIM
SVP, Principal www.sandiegoapartmentbroker.com
Direct: 619.497.6424 Fax: 619.299.8536 Cell: 619.889.1031 [email protected]
License #00918512
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 3
Exclusively Listed By:
TERRY MOORE, CCIM
SVP, Principal www.sandiegoapartmentbroker.com
Direct: 619.497.6424 Fax: 619.299.8536 Cell: 619.889.1031 [email protected]
License #00918512
The The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 4
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 5
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
This asset has 13 legal units.
All easy to rent 2 bed/1 bath and 2 bed/2 bath units.
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 6
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
Sellers have upgraded many units upon turnover.
All units have individual water heaters, which saves owner water heating costs.
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 7
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
Tenants enjoy private balconies or private fenced patios.
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 8
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 9
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 10
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 11
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
The Shadows-733 B St., Ramona, CA 92065
Gated entry provides an extra feeling of security.
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 12
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
The Shadows-733 B St., Ramona, CA 92065
Walking distance to shopping and restaurants.
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 13
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
The Shadows-733 B St., Ramona, CA 92065
15 Surface parking spaces.
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 14
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
The Shadows-733 B St., Ramona, CA 92065
The neighboring 14 unit property at 715 B St. (Shadow Oaks) is also available by the same owners.
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 15
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
The Shadows-733 B St., Ramona, CA 92065
Shadow Oaks Neighboring
Property for Sale
The Shadows
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 16
Video Tour: www.soldbyair.com/list/Terry-Moore-CCIM-733-B-St-Ramona-CA-92065-Branded
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 17
Exclusively Listed By:
TERRY MOORE, CCIM
SVP, Principal www.sandiegoapartmentbroker.com
Direct: 619.497.6424 Fax: 619.299.8536 Cell: 619.889.1031 [email protected]
License #00918512
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 18
The Shadows-733 B St., Ramona, CA 92065
WHAT MAKES RAMONA SUPERIOR
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 19
The Shadows-733 B St., Ramona, CA 92065
General Facts about Ramona Located in the Santa Maria Valley near state route 67 and 78 Unincorporated Ramona “city” - no city limits Ramona Community Planning area – 84,000 acres East of Poway, Southeast of Escondido, North of Lakeside, Southwest of Santa Ysabel Demographics Population – 21,871 Population in households 21,598 Population in Families 18,374 Per Capita Income - $31,177 Individuals below poverty level – 7.9% Number of Employees – 10,881 2.52% Growth Age 65 years and Older – 11.3% 55 to 64 – 15.7% 35 to 54 – 26.5% 25 to 34 – 13.7% 18 to 24 – 10.3% 5 to 17 – 16.7%
Housing Total housing units – 7,473 Owner Occupied HU 4,508 (60%) Rental Occupied HU 2,634 (35.4%) Vacant Housing Units 331 (4.4%) Average Household size – 3.02 Family Households 5,497 Average Family Size 3 Average Market Rent - $1,759 Age of Homes 2000 or newer - 11.5% 1970-1999 – 65.7% 1940-1969 – 18.8% 1939 or Older – 3.9% Type of Homes Single Family – 70.5% Townhomes – 1.7% Small Apt Buildings – 4.8% Apt. Complexes 16% Mobile Homes – 6.6% Other 0.3%
FACTS ABOUT RAMONA
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 20
The Shadows-733 B St., Ramona, CA 92065
RAMONA TO POWAY BUSINESS PARK
Poway Business Park
18,000 jobs within less than 20 minutes 11,000 workers in Ramona
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 21
The Shadows-733 B St., Ramona, CA 92065
• Businesses employing approximately 18,000 employees • Variety of industries, including manufacturers, retail and wholesale providers, business
and personal service firms, engineering and architectural firms, financial institutions, com-munications firms, insurance companies, realtors, computer and data processing service providers, legal service providers and agricultural, mining and utilities service providers.
• Headquarters to a number of nationally and internationally recognized corporations, including General Atomics Aeronautical Systems, Inc., Sysco Foods and Geico Direct.
• The Poway Business Park is also home to the San Diego - Poway Hampton Inn and Suites and a number of high-volume retailers, including Costco and Home Depot.
• The Poway Business Park has continued to grow since its inception in 1997 and is recog-nized as the main commercial area and the greatest economic success of Poway, a thriving city located in northeast San Diego County, California. Poway has been ranked the sixth best city in California in which to locate a business (Outlook Magazine)!
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 22
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 23
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 24
Exclusively Listed By:
TERRY MOORE, CCIM
SVP, Principal www.sandiegoapartmentbroker.com
Direct: 619.497.6424 Fax: 619.299.8536 Cell: 619.889.1031 [email protected]
License #00918512
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 25
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 26
The Shadows-733 B St., Ramona, CA 92065
LOAN QUOTE OPTIONS
5 Year : 3.65% - 3.75%
• 5 Year Fixed • One Year of Interest Only (+.04 bps)
• 20 Year Term • 30 Year Amortization • Stepdown Prepay: 5,4,3,2,1 +1%
• Available Alternate Prepays o 3,2,1,1,1, +1%: Add .20 bps
o 3,1,0,0,0: Add .30 bps
o Yield Maintenance: -.15 bps off
• 12 Months of P&I Reserve in an escrow account required (To be re-leased after 12 months or when the Emergency Declarations are lifted) 7 Year: 3.73% - 3.83%
• 7 Year Fixed • Two Years of Interest Only Available at +.04 bps per year • 20 Year Term
• 30 Year Amortization
• Stepdown Prepay: 5,5,4,4,3,2,1 +1% Yield Maintenance gets addi-tional .20 bps off
• Available Alternate Prepays o 3,3,2,2,1,1,1, +1%: Add .20 bps
o Yield Maintenance: -.20 bps off
• 12 Months of P&I Reserve in an escrow account required (To be re-leased after 12 months or when the Emergency Declarations are lifted)
10 Year: 3.72% - 3.82%
• 10 Year Fixed • Three Years of Interest Only Available at +.04 bps per year
• 20 Year Term • 30 Year Amortization • Stepdown Prepay: 5,5,4,4,3,3,2,2,1,1 +1% (Yield Maintenance gets addi-tional .20 bps off)
• Available Alternate Prepays o 3,3,3,2,2,2,1,1,1,1 +1%: Add .15 bps
o Yield Maintenance: -.20 bps off
• 12 Months of P&I Reserve in an escrow account required (To be released after 12 months or when the Emergency Declarations are lifted) Additional Pricing Discounts
• At 65% LTV: Additonal .04 bps off • At 55% LTV: Additional .08 bps off • At 1.30x DCR: Additional .06 bps off
• At 1.40x DCR: Additional .12 bps off
• At 1.50x DCR: Additional .16 bps off • Freddie also will typically provide between .15 bps - .30 bps off of pricing when we are at our minimum profitability
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 27
Exclusively Listed By:
TERRY MOORE, CCIM
SVP, Principal www.sandiegoapartmentbroker.com
Direct: 619.497.6424 Fax: 619.299.8536 Cell: 619.889.1031 [email protected]
License #00918512
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 28
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 29
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 30
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 31
The Shadows-733 B St., Ramona, CA 92065
©2020 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 32
The Shadows-733 B St., Ramona, CA 92065