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THERMAL TECHNOLOGY BUILDING 1911 AIRPORT BLVD | SANTA ROSA, CA 98503 OFFERING MEMORANDUM 100% LEASED | SINGLE TENANT INVESTMENT

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Page 1: THERMAL TECHNOLOGY BUILDING - LoopNetimages2.loopnet.com/.../document.pdf · is a 27,565 SF flex building that is 100% leased through to Thermal Technology, LLC. The building contains

THERMAL TECHNOLOGY BUILDING1 9 1 1 A I R P O R T B L V D | S A N T A R O S A , C A 9 8 5 0 3

OFFERING MEMORANDUM

1 0 0 % L E A S E D | S I N G L E T E N A N T I N V E S T M E N T

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THERMAL TECHNOLOGY BUILDING

ADDRESS 1911 Airport Blvd., Santa Rosa, CA 94503

PRICE Negotiable

PRICE PSF Negotiable

CAP RATE Negotiable

IN-PLACE NOI (annualized) $294,588

OCCUPANCY 100%

OFFICE SF ±10,662

WAREHOUSE SF ±5,012

MANUFACTURING SF ±11,891

TOTAL BUILDING SIZE ±27,565

YEAR BUILT 1988

PARCEL NUMBER 059-340-049

INVESTMENT HIGHLIGHTS

49

PARCEL MAP

TENANT Thermal Technology, LLC

PARENT COMPANY INTECO

OWNERSHIP Private Trust

LEASE TYPE NNN

ROOF & STRUCTURE Landlord Responsible

LEASE COMMENCEMENT Jan-07

RENEWAL COMMENCEMENT 1/1/16

LEASE EXPIRATION Dec-23

TERM REMAINING ON LEASE Approx. 6 years

CURRENT RENT $26,052.47

CURRENT RENT ($ PSF): $0.95 PSF/Mo.

ANNUAL INCREASES CPI

OPTIONS TBD

TENANT HIGHLIGHTS

PROPERTY OVERVIEW

Recently remodeled at lease renewal, 1911 Airport Blvd. (AKA 5330 Skyline Blvd) in Santa Rosa

is a 27,565 SF flex building that is 100% leased through to Thermal Technology, LLC. The building

contains approx. 21,360 SF on the first floor and 6,205 SF on the second floor. With approximately

$150,000 in recent landlord upgrades, the flooring, cabinetry, walls and electrical are all competed.

The first floor includes men’s/women’s restrooms, 5 private offices, conference room, file room,

exercise workout room, employee lunch room/kitchen, warehouse, manufacturing areas, clean room,

graphite room, inspection room, stock room, machine shop, sheet metal shop, test/assembly area,

weld shop, drafting area, R&D lab, and a 5-ton overhead crane located in the assembly area. Power

for the building is 480 amps/3phase with an 800 amp transformer with additional power being

added currently. The office areas have forced air heating/cooling and the warehouse/manufacturing

areas have gas-fired space heaters. The entire building has fire sprinklers. Parking lot upgrades are

scheduled for the spring and paid for by current ownership.

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1 9 1 1 A I R P O R T B LV D | S A N TA R O S A , C A 9 4 5 0 3

SONOMA COUNTY AIRPORT

To Santa Rosa

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THERMAL TECHNOLOGY BUILDING

FLOOR PLANS

MAIN BUILDING

+ ±27,565 SF

OFFICE

+ ±10,662 SF

SITE PLAN

SITE

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1 9 1 1 A I R P O R T B LV D | S A N TA R O S A , C A 9 4 5 0 3

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THERMAL TECHNOLOGY BUILDING

INTECO

Being a supplier and partner to the steel and general melting industry since 1973, INTECO is proud to be until today the only single source supplier worldwide who offers and has already put into operation all production processes for the liquid treatment of steel, ferroalloys and super alloys such as:

+ Melting (EAF, SAF)

+ Refining (LF, VD/VOD, AOD, RH & Auxiliaries)

+ Casting (CC, IC, etc.)

+ Special Melting & Remelting (VIM, ESR, Pressure ESR, ESRR, VAR)

+ Automation & Level 2 Systems

+ Consulting Services

In the last decade INTECO has built up a network of companies – the INTECO Group- which allows our clients to dispose of the expertise and know how of several competence centres, each one of them a specialist in their field, scattered around the world.

INTECO Fuchs is able to offer innovative melting & refining as well as scrap preheating technology, INTECO PTI is one of the world-class leaders in regards of chemical energy packages in particular for EAF operation, INTECO TBR can supply you with all kinds of casting plants, INTECO atec is our competence centre for automation and INTECO SPT our specialist for ingot casting.But in the end it all boils down to the same name INTECO, which stands for common values and the one and only mission all INTECO Group members shares: No matter if only a part of the production process or the whole process line – INTECO will serve you with innovative know how and the best tailor made technology possible.

THERMAL TECHNOLOGY

With an impressive 60+ year history of high temperature furnace system design, Thermal Technology has helped pioneer the use of innovative advanced materials in industries such as medical, lighting and aerospace. Our systems are used in the manufacturing process of a wide range of products, including life-saving coronary stents, artificial joints, aircraft turbine blades, orthodontia, high intensity discharge (HID) lighting and analytical instrumentation. Our Spark Plasma Sintering (SPS), Direct Current Sintering (DCS) and hot press systems have been tested by the world’s leading universities, top research institutions and a growing number of industrial clients in the development of innovative next-generation products.

Customers benefit from our decades of experience, process knowledge, full-factory testing, installation assistance and aftermarket support.With over 3000 installations in 40 countries, Thermal Technology can provide a furnace system to meet your most demanding application requirements.

We have been providing solutions for advanced thermal processing since 1946. As a pioneer in the LED-sapphire and vacuum industries, we have served the lighting, renewable energy, electronics, aerospace, communications, health care, and research and development industries utilizing material applications of metals, ceramics, glass, nanopowders, crystals, and emerging material. We carry a wide variety of vacuum furnaces, hot zone parts, OEM parts and much more. Please take a look throughout our website to learn more about what we can offer as well as our laboratory furnace, production furnace, hot press system, spark plasma sintering (SPS) and direct current sintering (DCS), graphite hot zone & OEM parts, ARC melting furnace, and fiber drawing furnace products.

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© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. TL 2/13/17

AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT

CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise

by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.

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Contact Us JOHN SALAMIDA Vice President Lic. 01822505 +1 925 296 [email protected]

KENNETH D. MORRIS First Vice President Lic.01312918+1 510 874 [email protected]

ROBERT L. FERRARO, SIOR Senior Vice President Lic# 00949584+1 510 874 [email protected]

CBRE, Inc.2175 North California Blvd. Suite 300Walnut Creek, CA 94596