Innovative Multi-Business Hub - LoopNet · 2018. 9. 5. · Innovative Multi-Business Hub CONTENTS...
Transcript of Innovative Multi-Business Hub - LoopNet · 2018. 9. 5. · Innovative Multi-Business Hub CONTENTS...
Innovative Multi-Business Hub
55849 88th StreetSacramento, CA 95828
FOR SALE | APPROVED CULTIVATION~MANUFACTURING~DISTRIBUTION CENTER
License # 00915268
IInnovative Multi-Business HubCONTENTS
Exclusively Marketed by
Lu Ann HendersonCommercialLic: Dre# 01912126Cell [email protected]
Daniel "Danny" StevensonBroker AssociateLic: DRE# [email protected]
We obtained the following information above from sources we believe 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 without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of theproperty. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
1900 Point West Way Suite 161 Office 916-929-2000Sacramento, CA 95815
01 Executive SummaryExecutive Summary 4Location Summary 5
02 Property DescriptionProperty Features 7Aerial Map 8Property Images 9
03 Rent RollRent Roll Details 13
04 Financial AnalysisIncome & Expense Analysis 15Disposition Sensitivity Analysis 16
05 Additional InformationMarket Projections 18Demand Dynamics 19California Leading 20U 21
License # 00915268
U.S. Cannabis Retail Sales
License # 01406150www.hendersoncre.com
Innovative Multi-B
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Executive Summary
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Location Summary
IInnovative Multi-Business Hub Executive Summary | 04
OFFERING SUMMARYADDRESS 5849 88th Street Sacramento CA
95828MARKET Sacramento CityBUILDING SF 40,800 SFAPPROVED BUILD OUT SF 58,724LAND SF 100,100 SFYEAR BUILT 1979APN 062-0080-060
FINANCIAL SUMMARYOFFERING PRICE 14,000,000.00NOI (CURRENT) $42,995,650
Approved Cultivation, Manufacturing andDistribution Multi Cannabis Business Facility,Entertaining Offers With Poof Of Funds
Gross Revenue Projection of $35,000,000.00 -$43,000,000.00 Annually
All Building Permits Have Been Approved for58,724 SF Multi-Business Hub Build-Out
Complete And Approved Engineered Plans
4,000 Amps 3 Phase 480 V Already At Building
Approved (CUP) Conditional Use Permits Each ForCultivation, Manufacturing And Distribution Allunder One Roof
General Contractor And Design Team In Place ForImmediate Construction Build-Out
The Building Is Positioned Well For A Value-AddInvestor, And An Owner-User
Possible To Start Operations Within 3-6 Months,Given All Permits And Business Entitlements InPlace And Saving Years Of Municipal Scrutiny WithUncertain Results
Sellers Back Financing Is Available, 10% AnnualInterest ( 3-5 years term) @ 50% LTV,
Serious Inquiries Only. Creative Deals InvolvingReal Estate, Buyer Must Have Capital And Proof OfFunds
www.HendersonCRE.com for more information
Approved State of the Art Multi-Business Cannabis Facility
This is a major opportunity to own a large-scale Cannabis cultivation, concentratemanufacturing and Distribution license in a pre-approved Build Out of 58,724 s.f. City ofSacramento has already issued the license which is fully transferable to a new owner.The full build out has yet to happen, and there are a couple options a buyer may wish toexplore to get the install completed, The Building already has existing 4,000-amp 480 V, 3Phase.This rare, one of a kind two-story facility is designed for 22,000 sf cultivation canopy,complete build out construction to accommodate 600+ lights. Also included under thesame roof, is the distribution center, packaging center, extraction facility, kitchen foredibles production, trim room, mixing room, multiple dry rooms, and mother, clone andpropagation rooms. Another unique feature the building plans include an air shower andgowning room, making for a neat clean room environment. Other great features in thisfacility is the employee break room with a locker room, ADA bathrooms, and an elevatorfor easy access to the second floor. The state-of-the-art security facility is one of the mosthighly sophisticated designs in the industry.With a multi-business hub, you can be at ease regarding the safety of your employeesknowing there is less change of hands of products outdoors.This Multi-Million Dollar Producing Facility is available with many turn key optionsincluding builders on site, seller financing and existing enough power available. Seller iswilling to stay on to provide construction oversight, Management and EmployeeSupervision from initial construction through ongoing operations after close of escrow.I'll Entertain most reasonable offers with proof of funds. Buyer should see a 100%+ returnafter 24 months of full scale operation.
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This State Of The Art Multi-Business Hub is Locatedin the City of Sacramento, State Capital of California.
Access to the most effective and affordable entrypoint into the most powerful tech economy in theworld and the world-class venture capital and toptech accelerators in Silicon Valley.
SACRAMENTO is now the #1 location for Bay Arearesidents looking to relocate. 24,000 people moveto Sacramento from the Bay Area every year. Morethan Denver, Seattle, Portland, Austin and PhoenixCombined!
36,5240 students currently enrolled in a 4-yearuniversity within 100 miles. Stanford-Berkeley-UCDavis-Sacramento State. Nearly a fifth ofSacramento’s tech job applicants are from the BayArea.
Greater Sacramento is outpacing California ingrowth of highly qualified workers. 33% higher theCalifornia average. We’re the 9th highestconcentration of bachelor’s degree holders in STEM,among the largest 50 US metro areas.
Median home prices in the Sacramento region isaround $350,000. Office space, we’re cheaper thanthe top 20 MSA markets.
We’re spending $3.65 Billion in Sacramento’s urbancore. Plus, we have access to quality lifestyle withNapa, San Francisco and Lake Tahoe within arm’sreach.
The Greater Sacramento region is committed tobuilding a business- friendly market. We are themost profitable state to do business amongFORTUNE 500 Companies.
Regional Map
Locator Map
Innovative Multi-B
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Property Description
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Aerial Map
Parcel Map
Additional Maps
Property Images
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Site DescriptionNUMBER OF UNITS 1BUILDING SF 40,800APPROVED BUILD OUT SF 58,724LAND SF 100,100LAND ACRES 2.30YEAR BUILT 1979ZONING TYPE M2NUMBER OF STORIES 2NUMBER OF BUILDINGS 1LOT DIMENSION 325 x 308NUMBER OF PARKING SPACES 59CEILING HEIGHT 22GRADE LEVEL DOORS 1
MECHANICALHVAC Combinational SystemFIRE SPRINKLERS YesELECTRICAL / POWER 4,000 Amps 480 V 3 PhaseLIGHTING TBD
IInnovative Multi-Business Hub Aerial Map | 08
IInnovative Multi-Business Hub Property Images | 09
IInnovative Multi-Business Hub Property Images | 10
IInnovative Multi-Business Hub Property Images | 11
Innovative Multi-B
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ent Roll
Rent Roll
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Tenant Profile
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Lease Term Rental RatesSuite Tenant Name Square
Feet% of NRA Lease Start Lease End Begin Date Monthly
Base RentMonthlyPSF
Annual BaseRent
AnnualPSF
Lease Type Options/Notes
1 Cannabis Canopy 40,000 68.12% 10/01/19 10/31/23 FUTURE $160,000 $4.00 $1,920,000 $48.00 NNN Cultivation can produce $20-$25 Million annually.
10/01/2019 $164,800 $4.12 $1,977,600
10/01/2020 $169,744 $4.24 $2,036,928
10/01/2021 $174,836 $4.37 $2,098,036
10/01/2022 $180,081 $4.50 $2,160,977
10/01/2023 $185,484 $4.64 $2,225,806
2 Extraction 2,160 3.68% 10/01/19 10/31/23 FUTURE $8,640 $4.00 $103,680 $48.00 NNN Calculation from companiesown supply, distributionrevenue stream is $5-$6Million annually.
10/01/2019 $8,899 $4.12 $106,79010/01/2020 $9,166 $4.24 $109,99410/01/2021 $9,441 $4.37 $113,29410/01/2022 $9,724 $4.50 $116,69310/01/2023 $10,016 $4.64 $120,194
3 Packaging 504 0.86% 10/01/19 10/31/23 FUTURE $2,016 $4.00 $24,192 $48.00 NNN
10/01/2019 $2,076 $4.12 $24,918
10/01/2020 $2,139 $4.24 $25,665
10/01/2021 $2,203 $4.37 $26,435
10/01/2022 $2,269 $4.50 $27,228
10/01/2023 $2,337 $4.64 $28,045
4 Distribution 794 1.35% 10/01/19 10/31/23 FUTURE $3,176 $4.00 $38,112 $48.00 NNN Not inclusive of oil-basedproducts like vape and edibleswhich is another $5-$6 Millionannually
10/01/2019 $3,271 $4.12 $39,25510/01/2020 $3,369 $4.24 $40,43310/01/2021 $3,471 $4.37 $41,64610/01/2022 $3,575 $4.50 $42,89510/01/2023 $3,682 $4.64 $44,182
5 Edibles 613 1.04% 10/01/19 10/31/23 FUTURE $2,452 $4.00 $29,424 $48.00 NNN
10/01/2019 $2,526 $4.12 $30,307
10/01/2020 $2,601 $4.24 $31,216
10/01/2021 $2,679 $4.37 $32,152
10/01/2022 $2,760 $4.50 $33,117
10/01/2023 $2,843 $4.64 $34,110
Totals 44,071 $176,284 $2,115,408
Innovative Multi-B
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Financial Analysis
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Disposition Sensitivity Analysis
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INCOME CURRENT PRO FORMAGross Potential Cultivation/Mfg.Revenue
$31,500,000 $43,000,000
Gross PotentialDist/Edibles/PKG Revenue
$11,500,000
Annual CAM Fee $100,000
Gross Potential Business Income $43,100,000 $43,000,000
Effective Gross Income $43,100,000 $43,000,000
Less: Expenses $104,350 $102,850
Net Operating Income $42,995,650 $42,897,150
EXPENSES CURRENT PROFORMA
Real Estate Taxes $14,000 $14,000
Insurance $2,500 $2,500
Common Area Maintenance(CAM)
$200 $200
Management Fee $1,500
Repairs & Maintenance $2,000 $2,000
Water / Sewer $1,000 $1,000
Landscaping $150 $150
Utilities $80,000 $80,000
Security $2,500 $2,500
Janitorial $500 $500
Total Operating Expense $104,350 $102,850
Expense / SF $1.77 $1.75
% of EGI 0.24 % 0.24 %
REVENUE ALLOCATION
DISTRIBUTION OF EXPENSES
IInnovative Multi-Business Hub Disposition Sensitivity Analysis | 16
5 YEAR SENSITIVITY ANALYSISEXIT CAP RATE PROJECTED SALES
PRICESALES PRICE PSF PROCEEDS AFTER
LOAN PAYOFFIRR
0.25% $0 $0 $0 305.81%0.50% $8,579,430,000 $210,280 $8,579,430,000 390.89%0.75% $5,719,620,000 $140,187 $5,719,620,000 371.81%1.00% $4,289,715,000 $105,140 $4,289,715,000 360.26%1.25% $3,431,772,000 $84,112 $3,431,772,000 352.38%1.50% $2,859,810,000 $70,093 $2,859,810,000 346.63%1.75% $2,451,265,714 $60,080 $2,451,265,714 342.21%2.00% $2,144,857,500 $52,570 $2,144,857,500 338.70%2.25% $1,906,540,000 $46,729 $1,906,540,000 335.84%
10 YEAR SENSITIVITY ANALYSISEXIT CAP RATE PROJECTED SALES
PRICESALES PRICE PSF PROCEEDS AFTER
LOAN PAYOFFIRR
0.25% $0 $0 $0 306.94%0.50% $8,579,430,000 $210,280 $8,579,430,000 307.09%0.75% $5,719,620,000 $140,187 $5,719,620,000 307.04%1.00% $4,289,715,000 $105,140 $4,289,715,000 307.01%1.25% $3,431,772,000 $84,112 $3,431,772,000 307.00%1.50% $2,859,810,000 $70,093 $2,859,810,000 306.99%1.75% $2,451,265,714 $60,080 $2,451,265,714 306.98%2.00% $2,144,857,500 $52,570 $2,144,857,500 306.98%2.25% $1,906,540,000 $46,729 $1,906,540,000 306.97%
Innovative Multi-B
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Additional Information
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Demand Dynamics
California Leading
UU.S. Cannabis Retail Sales
IInnovative Multi-Business Hub Market Projections | 18
IInnovative Multi-Business Hub Demand Dynamics | 19
IInnovative Multi-Business Hub California Leading | 20
IInnovative Multi-Business Hub U | 21
IInnovative Multi-Business Hub
Exclusively Marketed by
Lu Ann Henderson Daniel "Danny" StevensonCommercial Broker AssociateCell 916-798-8559 916-933-7333License # Dre# 01912126 License # DRE# [email protected] [email protected]
1900 Point West Way Suite 161 Office 916-929-2000, Sacramento, CA 95815 powered by CREOP
License # 00915268License # 01406150
www.hendersoncre.com