96 SPRINGS ROAD - LoopNet · 2019-07-08 · 96 SPRINGS ROAD Vallejo, CA INVESTMENT HIGHLIGHTS...

Offering Memorandum

96 SPRINGS ROAD Springstowne Center | Vallejo, CA 94591

S P R I N G s r o a d

SPRINGSTOWNE CENTER

SUBJECT PROPERTY

Purchase Price:

$1,550,000NOI:

$97,968Price/SF:

$187.49Current CAP Rate:

6.32% Proforma Cap Rate:

7.01%Rentable Sq. Ft.:

±8,267

DEMOGRAPHICSPopulation1 Mile 3 Mile 5 Mile20,396 107,607 166,460

S P R I N G s r o a d

COLLIERS INTERNATIONAL2

SUBJECT PROPERTY

96 SPRINGS ROAD | VALLEJO, CA 3

TABLE OF CONTENTSEXECUTIVE SUMMARY 4

PROPERTY HIGHLIGHTS 8

FINANCIAL OVERVIEW 14

LOCATION OVERVIEW 20

EXCLUSIVELY OFFERED BY:

BRYAN WEBBSenior Vice President + 1 415 788 [email protected]: 01826546

IAN ARMSTRONGAssociate + 1 415 510 [email protected]: 02069601

VALLEJO FERRY TERMINAL

1M TRAVELLERS PER YEAR

USS LCS (L) (3)-102

SPRINGs road

350 SINGLE FAMILY HOMES TO BEGIN CONSTRUCTION IN THE NEXT 18 MONTHS

EXECUTIVE SUMMARY

Facing East

m a r e i s l a n d


napa river

s a c r a m e n t o / S A N J O A Q U I N d e lta

SUBJECT PROPERTY

350 SINGLE FAMILY HOMES TO BEGIN CONSTRUCTION IN THE NEXT 18 MONTHS

96 Springs RoadVallejo, CA 94591

m a r e i s l a n d


EXECUTIVE SUMM

ARY

EXECUTIVE SUMMARY

Colliers International, as Exclusive Advisor to the Seller, is pleased to present the opportunity to acquire

the 100% fee simple interest in 96 SPRINGS ROAD, VALLEJO, CA (the “Property”), a ±8,267 square

foot retail and office building located in East Vallejo’s Springstowne Center. Springstowne Center is a

neighborhood shopping center anchored by 99 Cents Only Store and Island Pacific Market.

The property is 100% fully leased and currently occupied by a barber shop, church, and two medical

practices, one dental and one doctor’s office. This is an exceptional opportunity to acquire a true value-add

property in the San Francisco Bay Area which is fully-leased and is a 6.32% Cap rate on existing income.

HIGHLIGHTS

±8,267 sq. ft. Spaces Parking Ratio

±7,667 Separately metered

Retail and Office Located in the Springstowne Center

100% Interior remodel of dental suite

ADDRESS

PRIMARY USE

BUILDING SIZE

SINGLE STORY

PARKING

OCCUPANCY

LAND SQ. FT.

RECENT UPGRADES

POWER

MONTEREY BAY

SAN LUISRESERVOIR

SANPABLO

BAY

SUISUNBAY

LAKEBERRYESSA

FOLSOMLAKE

SANFRANCISCO

BAY

PACIFICA

DALYCITY

SAN MATEO

MOUNTAINVIEW

HALF MOONBAY

PALO ALTO

REDWOODCITY

LOS GATOS

CAMPBELL

BOULDERCREEK

LIVERMORE

SAN RAMON

BRENTWOOD

ANTIOCH

MILPITAS

WALNUTCREEK

CONCORD

MILL VALLEY

HAYWARD

FREMONT

ALAMEDA

BERKELEY

MORGAN HILLSCOTTSVALLEY

GILROY

VALLEJONOVATO

PETALUMA

ROHNERTPARK SONOMA

HEALDSBURG

VACAVILLE

FAIRFIELD

YOUNTVILLEDIXON

WINTERS

GALT

ELK GROVE

DAVIS

LODI

TRACY RIVERBANK

MANTECA

TURLOCK

GEYSERVILLE

CLOVERDALE

ST HELENA

CALLISTOGA

COLOMA

ROSEVILLE

PATTERSON

NEWMAN

GUSTINE

LOS BANOS

WOODLAND

SAN RAFAEL

PACIFICA

DALYCITY

SAN MATEO

MOUNTAINVIEW

HALF MOONBAY

PALO ALTO

REDWOODCITY

LOS GATOS

CAMPBELL

BOULDERCREEK

LIVERMORE

SAN RAMON

BRENTWOOD

ANTIOCH

MILPITAS

WALNUTCREEK

CONCORD

MILL VALLEY

HAYWARD

FREMONT

ALAMEDA

BERKELEY

MORGAN HILLSCOTTSVALLEY

GILROY

VALLEJONOVATO

PETALUMA

ROHNERTPARK SONOMA

HEALDSBURG

VACAVILLE

FAIRFIELD

YOUNTVILLEDIXON

WINTERS

GALT

ELK GROVE

DAVIS

LODI

TRACY RIVERBANK

MANTECA

TURLOCK

GEYSERVILLE

CLOVERDALE

ST HELENA

CALLISTOGA

COLOMA

ROSEVILLE

PATTERSON

NEWMAN

GUSTINE

LOS BANOS

WOODLAND

SAN RAFAEL

LA HONDALA HONDA

SACRAMENTO

STOCKTON

MODESTO

SAN JOSE

OAKLANDSAN

FRANCISCO

NAPA

SANTAROSA

SANTACRUZ

SACRAMENTO

STOCKTON

MODESTO

SAN JOSE

OAKLANDSAN

FRANCISCO

NAPA

SANTAROSA

SANTACRUZ

505

680

5

5

5

680

680

80

80

280

280880

580

205

80

80

5

780

80

580

128

37

1

1

92

152

132

33

994

16

99

84

160

113

12

12

128

88

116

29121

35

26

84

17

120

165

4

41

12

99

99

101

101

50

101

N


9 6 S PR I N G S ROAD

Vallejo, CA

INVESTMENT HIGHLIGHTSPROPERTY 96 Springs Road

ADDRESS 96 Springs Road

CITY, STATE, ZIP Vallejo, CA 94591

ASKING PRICE $1,550,000

PRICE/SF $187.49

NOI $94,968

CURRENT CAP RATE 6.32%

OWNERSHIP Fee Simple

RENTABLE SF ±8,267

STORIES 1

ZONING Commercial

PROPERTY OVERVIEW96 Springs Road (also known as 96 Springstowne Road) is single-story, multi-tenant retail and office building located in the Springtowne Center in Vallejo, CA.

The tenant profile consists of local tenants which serve the nearly 22,000 people within a one-mile radius. The tenant mix is approximately 40% retail and 60% medical/dental office, with the retail portion well under market rents.

S P R I N G s roa d

OA KWO O D AV E


EXECUTIVE SUMM

ARY

SUBJECT PROPERTY

COMMON AREA PARKING

PROPERTY HIGHLIGHTS


PROPERTY OVERVIEWAddress 96 Springs Road, Vallejo, CA 94590Cross Street Oakwood AvenueHighway Access Interstate 80, Highway 37APN 0071-061-300County SolanoTopography Level 1Zoning CDStories 1

Year Built 1963Roof Type Flat compositionHVAC Carrier, roof mounted unitsUtilities Separately metered for all utilitiesHeating NonePlumbing Copper/galvanizedParking Surface Asphalt

EXISTING IMPROVEMENTSSize (SF) ±8,267Occupancy 100%Number of Tenants 4Restrooms 4

PROPERTY SUMMARY

PROPERTY HIGHLIGHTS


PARCEL MAP 9 6 S PR I N G S Road

Vallejo, CA

Common Area Parking and Access Rights


FLOOR PLAN

A B C D

PROPERTY HIGHLIGHTS


FINANCIAL OVERVIEW


Current Income & Expense

2019 Converting 50% of Tenants to NNN

TENANT SF Current Rent $/SF/MO Current Annual Rent Market Rent Per MO96-A Decasin Dental 1,800 $2,835 $1.58 $34,020 $2,835.00

96-B Family Physicians 3,387 $3,750 $1.11 $45,000 $3,750.00

96-C Barber Shop 1,240 $2,000 $1.61 $24,000 $2,000.00

96-D Church 1,240 $2,200 $1.77 $26,400 $2,250.00

Common Area (Covered Awning) 600

8,267 $10,785 $1.51 $129,420 $130,020

Tax/CAM Reinburments $6,934 $17,000.00

Vacancy Factor (3%) -$3,993 -$3,901

Gross Annual Income $132,471.40 $143,119

FINANCIAL OVERVIEW


OPERATING EXPENSES $/MO Current Expenses Pro-Forma ExpensesRoof repairs (Replaced in 2014) $0.24 $2,000 $2,000

Management (3%) Maintenance $0.46 $3,774 $3,810

Insurance $0.36 $2,972 $2,972

Association CAM Dues $1.21 $9,996 $9,996

Property Taxes (1.016871%) $1.91 $15,761 $15,761

Janitorial Tenant Tenant

PG&E+ Water Tenant Tenant

HVAC Tenant Tenant

Trash Collection Tenant Tenant

Total Operating Expenses $4.17 $34,503 $34,539

Existing NOI $97,968 $108,580 Current Cap Rate 6.32% 7.01%Purchase Price $1,550,000 $1,550,000Price Per Sq.Ft. $187.49


RENT

ROL

L SUITE TENANT SF COMMENCEMENT DATE EXPIRATION DATE LEASE TYPE MO. BASE RENT MONTHLY BASE RENT ($/SF) ANNUAL BASE RENT SECURITY

DEPOSIT CAM AMOUNT BUILDING PRO RATA % OPTIONS COMMENTS

96-A Decasin Dental 1,800 12/1/2016 12/1/2026 MG $2,835.00 $1.58 $34,020 $18.90 21.77% NONE No increases in lease during Base Term96-B Family Physicians 3,387 7/27/2018 7/27/2023 MG $3,750.00 $1.11 $45,000 $13.29 40.97% NONE No increases in lease during Base Term96-C Barber Shop 1,240 11/1/2016 3/1/2020 MG $2,000.00 $1.61 $24,000 $19.35 15.00% NONE Will be converted to NNN upon Lease expiration96-D Church Lease Pending 1,240 7/3/2019 TBD MG $2,200.00 $1.77 $26,400 $21.29 15.00% NONE Awaiting Certificate of Occupancy Permit from City


Total Building Square Footage 8,267 Monthly Rent Avg Rent per SF Annual IncomePercentage Occupied 100% $10,785.00 $1.52 $129,420

FINANCIAL OVERVIEW


SUITE TENANT SF COMMENCEMENT DATE EXPIRATION DATE LEASE TYPE MO. BASE RENT MONTHLY BASE RENT ($/SF) ANNUAL BASE RENT SECURITY

DEPOSIT CAM AMOUNT BUILDING PRO RATA % OPTIONS COMMENTS

96-A Decasin Dental 1,800 12/1/2016 12/1/2026 MG $2,835.00 $1.58 $34,020 $18.90 21.77% NONE No increases in lease during Base Term96-B Family Physicians 3,387 7/27/2018 7/27/2023 MG $3,750.00 $1.11 $45,000 $13.29 40.97% NONE No increases in lease during Base Term96-C Barber Shop 1,240 11/1/2016 3/1/2020 MG $2,000.00 $1.61 $24,000 $19.35 15.00% NONE Will be converted to NNN upon Lease expiration96-D Church Lease Pending 1,240 7/3/2019 TBD MG $2,200.00 $1.77 $26,400 $21.29 15.00% NONE Awaiting Certificate of Occupancy Permit from City


Total Building Square Footage 8,267 Monthly Rent Avg Rent per SF Annual IncomePercentage Occupied 100% $10,785.00 $1.52 $129,420

FINANCIAL OVERVIEW


SUBJECT PROPERTY


SOLANO COUNTYSolano County comprises the Vallejo-Fairfield Metropolitan Statistical Area, which is also included in the San Jose-San Francisco-Oakland Combined Statistical Area. Solano County is the northeastern county in the nine-county San Francisco Bay Area Region.

Situated midway between San Francisco and Sacramento, Solano County is home to rolling hillsides, waterfronts and fertile farmland. Due to its mild climate, abundant open space, proximity to lakes, rivers and mountains, recreational activities such as fishing, boating, hiking and biking can be enjoyed year-round.

Solano County is a growing community that reaps the benefit of its ideal location for those who live and work in the area. The blend of agriculture, corporate business and pleasant lifestyle enhance the attraction of Solano County. The County limits residential and commercial development outside of cities, thus preserving approximately 80 percent of the land for open space or agricultural uses.

SOLANO COUNTY ECONOMIC OVERVIEW

The Solano County economy has many positive aspects. Construction has made an employment comeback, showing an increase in 2018 of 1,400 more jobs, a 12.8% growth. Office space available in Solano County was at 16.9% vacancy for Class A space, and less than 10.7% for Class B space at the end of 2018. Prices were basically flat for both Class A and B space during 2016.

Commercial real estate lease prices remain regionally competitive as Bay Area prices continue to climb, and office space vacancy exists in Solano County to absorb new and expanding businesses. Such a difference remains one of many reasons for Bay Area companies to consider Solano County for relocation or expansion.

LOCATION OVERVIEW

KEY FACTS

Solano County private sector employers hired 4,000 more workers in 2018; a 3.5% increase from 2017. Housing prices increased 8.2% in 2018 to $450,000, up from $416,000 in 2017 at the median.

The unemployment rate was 3.8% at the start of 2019, the low-est rate on record for the county economy.

Solano County has a positive job growth forecast of 10.24% in net from 2018 to 2030, outpacing similar statewide growth forecasts (8.77%).

Source: Solano County 2018 Index of Economic and Community Progress,

May 2019

Six Flags Discovery Kingdom

LOCATION OVERVIEW


SOLANO COUNTY MAJOR EMPLOYERS(Listed Alphabetically)

CALIFORNIA MEDICAL FACILITY Vacaville Hospital

COMCAST CABLE Vallejo Television-Cable TV

FLATIRON CONSTRUCTION Benicia General Contractors

FORD LINCOLN FAIRFIELD Fairfield Automobile Dealers

GBG CORP Vacaville Wellness Programs

GENENTECH INC Vacaville Pharmaceutical Products

GUITTARD CHOCOLATE CO Fairfield Chocolate & Cocoa

JELLY BELLY CANDY CO Fairfield Candy Manufacturer

KAISER PERMANENTE VALLEJO MC Vallejo Hospital

M&G DURA VENT INC Vacaville Building Materials

MIKE’S AUTO BODY Vallejo Auto Body Repair & Painting

NORTH BAY MEDICAL CENTER Fairfiled Hospital

NUT TREE Vacaville Real Estate Developers

SIX FLAGS Vallejo Amusement Park

TRAVIS AIR FORCE BASE Fairfield Military Base

VACAVILLE CITY HALL Vacaville Government

VALERO BENICIA REFINERY Benicia Oil Refiners

The USS LCS(L) 102 is the last surviving ship of the 130 originally made. These ships, called “Mighty Midgets,” provided close-fire support in the Pacific during World War II. In September 2007 the LCS(L) -102 became a museum ship at Mare Island, at the site of the former Mare Island Naval Shipyard.

LOCATION OVERVIEW

VALLEJO OVERVIEW

PLANNED DEVELOPMENT


Vallejo is a port city in Solano County, located on the northern end of the San Francisco Bay Area. It is the most populous city in Solano County, and is the 10th most populous city in the Bay Area with approximately 120,000 people spanning roughly fifty square miles.

Vallejo neighbors the famous Sonoma and Napa wine countries, but also boasts its own attractions such as the San Francisco Bay Ferry, which is part of Valle-jo’s public transportation system that runs regular ferry service from downtown to San Francisco’s Ferry Building, Six Flags Discovery Kingdom theme park, Mare Island Historic Park, and the Solano County Fairgrounds, which hosts the annual Solano County Fair.

The Vallejo area still remains among the nation’s hottest real estate markets accoring to realtor.com. That the Vallejo area is still near the top of the list means the area’s housing stock is searched frequently and homes sell quickly. The typical Vallejo area home sells in about 30 days, and the median home price is approximatley $480,000.

Central Waterfront Development: The City of Vallejo plans to develop over 37,000 square feet of retail, 63,000 square feet of office space as well as multiple condominium buildings totaling over 420 units. The project also includes plans for a 200,000 square foot hotel, restau-rant, and conference center with approximately 200 rooms.

Northern Waterfront Development: The North Waterfront development encompasses over 16,000 square feet of commercial space, 6,000 square feet of retail and over 175 townhomes split into two neighborhoods.

Mare Island Development: Miami-based Lennar has added over 350 single-family homes to the South Mare Island site, and the Nimitz Group is slated to develop roughly another 250 acres.

SALES COMPS


NAME ADDRESS CITY BUILT BLDG SF LAND SF COE PRICE $/SF CAP RATE COMMENTS

300 Sonoma Blvd 300 Sonoma Blvd Vallejo N/A 4,964 16,117 $851,000 $171 4.86% -

1744 Tuolumne St 1744 Tuolumne St Vallejo 2005 6,818 33,541 $1,993,126 $271 6.09% FoodMaxx anchored center

630 Tennessee St 630 Tennessee St Vallejo 1953 7,012 18,295 $950,000 $135 6.34% Defered maintenance

3801-3815 Alhambra Ave 3801-3815 Alhambra Ave Vallejo 1957 14,014 54,450 $5,070,000 $362 5.00% -

990 Broadway St 990 Broadway St Vallejo 1980 2,010 17,860 $610,000 $303 6.00% Medical office & retail

$0

$150

$300

$450SALES COMPARABLES - PRICE PER SF

LOCATION OVERVIEW


NAME ADDRESS CITY BUILT BLDG SF LAND SF COE PRICE $/SF CAP RATE COMMENTS

300 Sonoma Blvd 300 Sonoma Blvd Vallejo N/A 4,964 16,117 $851,000 $171 4.86% -

1744 Tuolumne St 1744 Tuolumne St Vallejo 2005 6,818 33,541 $1,993,126 $271 6.09% FoodMaxx anchored center

630 Tennessee St 630 Tennessee St Vallejo 1953 7,012 18,295 $950,000 $135 6.34% Defered maintenance

3801-3815 Alhambra Ave 3801-3815 Alhambra Ave Vallejo 1957 14,014 54,450 $5,070,000 $362 5.00% -

990 Broadway St 990 Broadway St Vallejo 1980 2,010 17,860 $610,000 $303 6.00% Medical office & retail


LEASE COMPSADDRESS STATUS CITY BUILT GLA ASKING RENT AVAIL SF TIME ON MARKET PROPERTY TYPE LEASE TYPE

605-627 Tennessee St For Lease Vallejo 1987 7,780 $1.00 1,200 60 Retail Strip NNN

1833 Springs Rd Leased Vallejo 1980 5,600 $1.21 1,600 0 Retail Strip FS

2035-2045 Springs Rd Leased Vallejo N/A 5,871 $2.00 1,500 30 Retail Strip NNN

235 Couch St For Lease Vallejo N/A 7,441 $1.60 1,000 30 Office/Retail MG

1649-1659 Tennessee St For Lease Vallejo N/A 14,047 $1.47 1,700 30 Retail Strip MG

$0.00$0.25$0.50$0.75$1.00$1.25$1.50$1.75

$2.00$2.25 LEASE COMPARABLES - ASKING RENT

LOCATION OVERVIEW


ADDRESS STATUS CITY BUILT GLA ASKING RENT AVAIL SF TIME ON MARKET PROPERTY TYPE LEASE TYPE

605-627 Tennessee St For Lease Vallejo 1987 7,780 $1.00 1,200 60 Retail Strip NNN

1833 Springs Rd Leased Vallejo 1980 5,600 $1.21 1,600 0 Retail Strip FS

2035-2045 Springs Rd Leased Vallejo N/A 5,871 $2.00 1,500 30 Retail Strip NNN

235 Couch St For Lease Vallejo N/A 7,441 $1.60 1,000 30 Office/Retail MG

1649-1659 Tennessee St For Lease Vallejo N/A 14,047 $1.47 1,700 30 Retail Strip MG


DEMOGRAPHICSPO

PULA

TION

1 Mile 3 Mile 5 Mile2000 Total Population 20,371 104,849 151,193

2010 Total Population 19,517 101,572 156,966

2018 Total Population 21,541 107,607 169,0432023 Total Population 21,040 111,822 173,052Population Change 2000 to 2010 -4.2% -3.1% 3.8%Population Change 2000 to 2018 .1% 2.6% 10.1%

Population Change 2010 to 2023 7.8% 10.1% 10.2%Population Change 2018 to 2023 3.2% 3.9% 4.0%

HOUS

EHOL

DS

1 Mile 3 Mile 5 Mile2000 Households 7,076 36,765 52,461

2010 Households 6,906 36,744 55,3052018 Households 7,045 37,938 57,2392023 Households 7,123 38,598 58,306Household Change 2000 to 2010 -2.4% -.1% 5.4%

Household Change 2000 to 2018 -.4% 3.2% 9.1%Household Change 2010 to 2023 3.1% 5.0% 5.4%Household Change 2018 to 2023 1.1% 1.7% 1.9%

INCO

ME

1 Mile 3 Mile 5 Mileup to $24,999 20.1% 21.6% 19.0%

$25,000 to $49,999 24.7% 20.0% 18.9%

$50,000 to $74,999 19.1% 17.1% 16.7%

$75,000 to $124,999 22.5% 22.2% 22.6%

$125,000 to $199,999 10.1% 14.1% 15.8%

$200,000 or more 3.5% 5.0% 7.0%Median Household Income $63,000 $64,000 $70,901Median Income Change 2000 to 2018 12.9% 22.8% 29.5%

Median Income Change 2010 to 2023 11.2% 17.3% 20.3%Median Income Change 2018 to 2023 16.6% 17.9% 19.7%

9 6 S PR I N G S ROAD

Vallejo, CA


CONFIDENTIALITY AGREEMENT

This Confidential Offering Memorandum (the “Memorandum”) has been prepared and presented to the recipient (the “Recipient”) by Colliers International (“Colliers”) as part of Colliers’ efforts to market for sale the real property located at 96 Springs Road, Vallejo, CA (the “Property”). Colliers is the exclusive agent and broker for the owner(s) of the Property (the “Owner”). Colliers is providing this Memorandum and the material contained in it to the Recipient solely to assist the Recipient in determining whether the Recipient is interested in potentially purchasing all or part of the Property. Colliers also is providing this Memorandum and the material in it to the Recipient with the understanding that the Recipient will independently investigate those matters that it deems necessary and appropriate to evaluate the Property and that the Recipient will rely only on its own investigation, and not on Colliers, the Owner or this Memorandum, in determining whether to purchase the Property. The Recipient’s use of this Memorandum and the material in it is strictly governed by the terms and conditions of the Registration and Confidentiality Agreement that the Recipient previously executed and delivered to Colliers.

PLEASE NOTE THE FOLLOWING: Colliers, the Owner and their respective agents, employees, representatives, property managers, officers, directors, shareholders, members, managers, partners, join venturers, corporate parents or controlling entities, subsidiaries, affiliates, assigns and predecessors and successors-in-interest make no representations or warranties about the accuracy, correctness or completeness of the information contained in this Memorandum. The Recipient is urged not to rely on the information contained in this Memorandum and to make an independent investigation of all matters relating to the Property.

This Memorandum includes statements and estimates provided by or to Colliers and/or the Owner regarding the Property. Those statements and estimates may or may not be accurate, correct or complete. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements and estimates. Further, nothing contained in this Memorandum should be construed as representation or warranty about any aspect of the Property, including, without limitation, the Property’s (1) past, current or future performance, income, uses or occupancy, (2) past, current or prospective tenants, (3) physical condition, (4) compliance or non-compliance with any permit, license, law, regulation, rule, guideline or ordinance, or (5) appropriateness for any particular purpose, investment, use or occupancy. Again, the Recipient is urged not to rely on this Memorandum and the statements and estimates in it and to make an independent investigation regarding the Property and the statements and estimates contained herein.

This Memorandum may include statements regarding, references to, or summaries of, the nature, scope or content of contracts and/or other documents relating to the Property. Those statements, references or summaries may or may not be accurate, correct or complete. Additionally, Colliers may not have referenced or included summaries of each and every contract and/or other document that the Recipient might determine is relevant to its evaluation of the Property. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements, representations or summaries. On request and as available, and subject to the Owner’s consent, Colliers will provide the Recipient with copies of all referenced contracts and other documents. Colliers assumes no obligation to supplement or modify the information contained in this Memorandum to reflect events or conditions occurring on or after the date of its preparation of this Memorandum. More detailed information regarding the anticipated terms, conditions and timing of any offering by the Owner relating to the Property will be provided in due course by separate communication. Colliers and/or the Owner reserve the right to engage at any time in discussions or negotiations with one or more recipients of this Memorandum and/or other prospective purchasers of the Property without notice or other obligation to the Recipient.

Accelerating success.

COLLIERS INTERNATIONAL | 101 SECOND STREET, 11TH FLOOR

SAN FRANCISCO, CA 94105

www.colliers.com

EXCLUSIVELY MARKETED BY: BRYAN C WEBBSenior Vice President + 1 415 288 [email protected]: 01826546

IAN ARMSTRONGAssociate + 1 415 510 [email protected]: 02069601

96 SPRINGS ROAD - LoopNet · 2019-07-08 · 96 SPRINGS ROAD Vallejo, CA INVESTMENT HIGHLIGHTS...

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Transcript of 96 SPRINGS ROAD - LoopNet · 2019-07-08 · 96 SPRINGS ROAD Vallejo, CA INVESTMENT HIGHLIGHTS...