41,654 SF For Sale 1,408 - 15,500 SF For Lease...This information has been received from reliable...
19
EXCLUSIVE OFFERING MEMORANDUM 11487 - 91 WOODSIDE AVE. SANTEE, CA 92071 INDUSTRIAL / FLEX BUILDING 41,654 SF ON 3.44 ACRES www.ewiese.com CONTACT: Erik Wiese PHONE: (619) 593-3600 EMAIL: [email protected] CONTACT: Kiefer Harter PHONE: (858)-531-2730 EMAIL: [email protected] 41,654 SF For Sale 1,408 - 15,500 SF For Lease
Transcript of 41,654 SF For Sale 1,408 - 15,500 SF For Lease...This information has been received from reliable...
EXCLUSIVE OFFERING MEMORANDUM
11487 - 91 WOODSIDE AVE. SANTEE, CA 92071
INDUSTRIAL / FLEX BUILDING
41,654 SF ON 3.44 ACRES
www.ewiese.com
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected]
41,654 SF For Sale 1,408 - 15,500 SF For Lease
TABLE OF CONTENTS
I. Summary Property Summary 3
II. Financial Information Annualized Operating Data 4
Financial Analysis 5
III. Maps Aerial Map 6
Aerial Suite Map 7
Suite Map 8
11487 Woodside Floor Plan 9
Plot Map 10
IV. Demographics Demographics Overview 11
Demographics Detail 12-13
V. Comparables Comparables 14-16
VI. Other Photos 17-19
11487 - 91 Woodside Ave. Santee, CA 92071
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 2 | 20 This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
PROPERTY SUMMARY
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 3 | 20 This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
11487 - 91 Woodside Ave. Santee, CA 92071
Project Name 11487 - 91 Woodside Ave.
APN 382-320-35-00
Price $5,700,000
Square Footage Bldg. 41,654/SF Lot Size 3.44 Acres
Cost/Square Foot Bldg. $136.84/SF
Cost/Acre $165,976
NOI $239,475
Current CAP (with 11487 suites 100-101 vacant)
4.20%
Pro Forma CAP (with 11487 suites 100-101 leased)
6.80%
Buildings 2
Suites 5
Zoning IL - Light Industrial
Freeway Visible From HWY 67
Each Suite Individually Metered For Gas & Electrical
Both Buildings Individually Metered For Water
Large Amounts of Power Available
11487 Woodside Ave. Suite 100
200 amps downstairs 400 amps upstairs
11487 Woodside Ave. Suite 101
200 amps
11489 Woodside Ave. - 600 amps
11491 Woodside Ave. - 1500 amps
11487 Woodside Ave. Suite 100
Full Service Elevator
120 Parking Spaces
ANNUALIZED OPERATING DATA 11487 - 91 Woodside Ave. Santee, CA 92071
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 4 | 20 This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
Annualized Operating Data Purchase Price $5,700,000
Rental Income Actual Pro Forma
11487 - Suite 100 $0 $157,266
11457 - Suite 101 $0 $15,714
11489 - EMSTA College $122,160 $122,160
11491 - Aspire IRB $108,894 $108,894
11491 - Teldata $87,840 $87,840
Vacancy Factor (5% of income) $0 ($24,594)
Total Scheduled Rental Income Less Vacancy Factor $318,893 $467,280
Expenses
Property Taxes (1.2% of Purchase Price) ($68,400) ($68,400)
Property Insurance ($2,978) ($2,978)
Landscaping ($5,040) ($5,040)
Trash (Tenants are separately metered) $0 $0
Water & Sewer (Tenants are separately metered) $0 $0
Gas & Electric (Tenants are separately metered) $0 $0
Repairs ($3,000) ($3,000)
Total Expenses ($79,418) ($79,418)
Net Operating Income $239,475 $387,862
Cap Rate 4.20% 6.80%
FINANCIAL ANALYSIS 11487 - 91 Woodside Ave. Santee, CA 92071
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 5 | 20 This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
Rent Roll
Suite Tenant Square Feet Lease Start Lease Expiration Rent CAM Total
11487 Suite 100 Vacant 14,092 - - Asking $13,105 + $564 -
11487 Suite 101 Vacant 1,408 - - - Asking $1,310 + $56
11489 Woodside EMSTA College 11,195 3/1/2008 Call For Lease Expiration $9,780 $400 $10,180
11491 Woodside Aspire IRB 8,126 07/07/2011 Call For Lease Expiration $8,724 $350 $9,074
11491 Woodside Teldata (Owner) 6,629** 07/01/2016 06/31/2021 $7,120 $200 $7,320
Total 41,450 $25,624 $950 $26,574
*Teldata has approximately 2,280 Sf of additional mezzanine
Financing
Purchase Price $5,700,000
Down Payment $1,710,000
Loan Amount $3,990,000
Amortization In Years 25
Interest Rete 5%
Monthly Payment ($23,325)
Yearly Payment ($279,902)
Cash Flow Actual Pro Forma
NOI $239,475 $467,280
Debt Service ($279,902) ($279,902)
Cash Flow After Debt Service ($40,427) $107,960
Cash on Cash Return (2.36) 6.31%
11487 - 91 Woodside Ave. Santee, CA 92071
AERIAL MAP
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 6 | 20 This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
AERIAL SUITE MAP 11487 - 91 Woodside Ave. Santee, CA 92071
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 7 | 20 This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
SUITE MAP 11487 - 91 Woodside Ave. Santee, CA 92071
8 | 20
11487 WOODSIDE FLOOR PLAN 11487 - 91 Woodside Ave. Santee, CA 92071
9 | 20
PLOT MAP 11487 - 91 Woodside Ave. Santee, CA 92071
10 | 20
DEMOGRAPHICS OVERVIEW 11487 - 91 Woodside Ave. Santee, CA 92071
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 11|20 This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
Population 1 Mile 3 Mile 5 Mile
2016 Estimated Total Population: 11,136 108,925 243,401
2021 Population Projection: 11,845 115,134 256,758
Population Growth Projection 2016-2021: 6.37% 5.70% 5.49%
Average Age: 37.30 37.50 37.50
Households
2016 Total Households: 3,944 38,602 85,909
HH Growth 2016-2021: 6.39% 5.79% 5.56%
Median Household Inc: $78,223 $64,672 $58,711
Avg Household Size: 2.8 2.8 2.8
Housing
Median Home Value: $416,399 $365,101 $371,467
Median Year Built: 1978 1976 1974
DEMOGRAPHICS DETAIL 11487 - 91 Woodside Ave. Santee, CA 92071
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 12|20 This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
Radius 1 Mile 3 Mile 5 Mile
Population:
2021 Projection 11,845 115,134 256,758
2016 Estimate 11,136 108,925 243,401
2010 Census 9,920 100,717 227,684
Growth 2016-2021 6.37% 5.70% 5.49%
Growth 2010-2016 12.26% 8.15% 6.90%
2015 Population by Race:
White 9,758 94,245 205,265
Black 235 3,634 11,540
Am. Indian & Alaskan 161 1,570 3,470
Asian 360 3,550 9,058
Hawaiian & Pacific Island 64 619 1,433
Other 558 5,308 12,633
DEMOGRAPHICS DETAIL CONT. 11487 - 91 Woodside Ave. Santee, CA 92071
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 13|20 This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
Radius 1 Mile 3 Mile 5 Mile Households:
2021 Projection 4,196 40,838 90,684 2016 Estimate 3,944 38,602 85,909 2010 Census 3,520 35,623 80,271 Growth 2016 - 2021 5.63% 5.49% 5.31% Growth 2010 - 2016 5.92% 5.36% 4.52% Owner Occupied 2,250 23,238 47,544 Renter Occupied 1,693 15,363 38,365
2016 Avg Household Income $91,075 $79,984 $75,569 2016 Med Household Income $78,223 $64,672 $58,711
2016 Households by Household Income:
<$25,000 341 6,033 17,145 $25,000 - $50,000 861 8,730 19,474 $50,000 - $75,000 683 7,412 16,075 $75,000 - $100,000 667 5,596 11,685 $100,000 - $125,000 534 4,166 7,968 $125,000 - $150,000 310 2,602 5,210 $150,000 - $200,000 374 2,658 5,147 $200,000+ 172 1,404 3,205
COMPARABLES 11487 - 91 Woodside Ave. Santee, CA 92071
CONTACT: Kiefer Harter
PHONE: (858) 531-2730
EMAIL: [email protected] 14 | 20
This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
COMPARABLES CONT. 11487 - 91 Woodside Ave. Santee, CA 92071
CONTACT: Kiefer Harter
PHONE: (858) 531-2730
EMAIL: [email protected] 15 | 20
This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
COMPARABLES CONT. 11487 - 91 Woodside Ave. Santee, CA 92071
CONTACT: Kiefer Harter
PHONE: (858) 531-2730
EMAIL: [email protected] 16 | 20
This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
11487 WOODSIDE AVE. PHOTOS (VACANT)
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 17 | 20
This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
11489 WOODSIDE AVE. PHOTOS (EMSTA)
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 18 | 20
This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
11491 WOODSIDE AVE. PHOTOS (ASPIRE IRB & TELDATA)
CONTACT: Kiefer Harter
PHONE: (858)-531-2730
EMAIL: [email protected] 19 | 20
This information has been received from reliable sources, but is not guaranteed. All information should be independently verified prior to any lease or purchase agreement.
CONTACT: Erik Wiese
PHONE: (619) 593-3600
EMAIL: [email protected]
