nsgfsd ed Athchf en d - LoopNet...Common area renovation done (lobbies, hallways, etc.) to include...

980 Ninth Street, Suite 2500, Sacramento, CA 95814

The distributor of this communication is performing acts for which a real estate license is required. The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

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Mike Riley 916.569.2329 [email protected] CA RE License #00955165

Terry Deveau 408.982.8477 [email protected] CA RE License #0054750

Northgate Office Building for Sale3780 Rosin CourtSacramento, CA

08-1786 • 09/18

Market Blvd

Freeway Blvd

San Juan Rd.

Northgate Blvd

Ros

in C

t

u Ideal Owner/User Building

u Abundant Windowline

u 4.2/1,000 Parking

u Excellent Freeway Access to Interstate 80 and Northgate Boulevard

u Minutes Away from Sacramento International Airport, Downtown Sacramento, Restaurants and Hotels

u Building has been Well Maintained

±34,659 Rentable Square Feet Available (Divisible to ±2,976 RSF)As exclusive agent(s), we are pleased to offer the following space:

±46,009 SF Total Building Size | $76/SF | Sales Price $3,500,000



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08-1786 • 09/18

CAPITAL IMPROVEMENTS

November 2008

December 2008

November 2012

July 2013

November 2014

December 2014

2015

Summer 2018

HVAC replacement (two large compressors)

Common area renovation done (lobbies, hallways, etc.) to include some ceiling modification, lighting, painting, carpet, artwork

Monument sign renovation

New EMS system installed

AC #3 (the largest unit) was replaced

New HVAC server unit for Suite 200

Asphalt repairs done

Common area carpet on first floor replaced



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08-1786 • 09/18

3705-3780 Rosin CourtCash Flow ProjectionNewmark Cornish & Carey

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11Sep-2018 Sep-2019 Sep-2020 Sep-2021 Sep-2022 Sep-2023 Sep-2024 Sep-2025 Sep-2026 Sep-2027 Sep-2028Aug-2019 Aug-2020 Aug-2021 Aug-2022 Aug-2023 Aug-2024 Aug-2025 Aug-2026 Aug-2027 Aug-2028 Aug-2029

Projection StatisticsNet Rentable Area in SF 46,009Base Rental Revenue PSF/mo. $1.41 $1.43 $1.46 $1.50 $1.55 $1.58 $1.60 $1.65 $1.70 $1.75 $1.79Total Operating Expenses PSF/yr. $5.47 $6.07 $6.24 $6.37 $6.56 $6.57 $6.85 $7.05 $7.17 $7.40 $8.29Absorption & Turnover Vacancy % 57.1% - 3.3% 0.9% - 14.5% - 1.2% 3.1% - -General Vacancy % - 10.0% 6.7% 9.1% 10.0% - 10.0% 8.8% 6.9% 10.0% 10.0%

Potential Gross RevenueBase Rental Revenue 780,720 788,377 805,854 828,620 853,260 871,751 885,489 911,791 936,882 963,951 987,886Absorption & Turnover Vacancy (327,142) - (26,220) (7,348) - (109,799) - (10,777) (27,675) - -Base Rent Abatements (207,569) (35,044) (9,525) (34,347) - (112,767) (29,971) - (50,337) - -

Scheduled Base Rental Revenue 246,009 753,333 770,109 786,925 853,260 649,185 855,518 901,014 858,870 963,951 987,886Expense Reimbursement Revenue - - - - - - - - - - -

Total Potential Gross Revenue 246,009 753,333 770,109 786,925 853,260 649,185 855,518 901,014 858,870 963,951 987,886General Vacancy - (75,333) (53,413) (72,079) (85,326) - (85,552) (80,402) (60,980) (96,395) (98,789)

Effective Gross Revenue 246,009 678,000 716,696 714,846 767,934 649,185 769,966 820,612 797,890 867,556 889,097

Operating ExpensesElectric & Gas 76,748 78,667 80,633 82,649 84,715 86,833 89,004 91,229 93,510 95,848 98,244Water / Sewer / Storm Drain 13,804 14,149 14,503 14,865 15,237 15,618 16,008 16,409 16,819 17,239 17,670Trash 7,263 7,445 7,631 7,821 8,017 8,217 8,423 8,633 8,849 9,070 9,297Taxes @ 1.1% 38,500 39,270 40,055 40,857 41,674 42,507 43,357 44,224 45,109 46,011 79,758Insurance 13,375 13,709 14,052 14,403 14,763 15,133 15,511 15,899 16,296 16,704 17,121Landscaping 18,989 19,464 19,950 20,449 20,960 21,484 22,021 22,572 23,136 23,715 24,308HVAC 13,714 14,057 14,408 14,768 15,138 15,516 15,904 16,302 16,709 17,127 17,555Janitorial 26,122 26,775 27,444 28,131 28,834 29,555 30,294 31,051 31,827 32,623 33,438Security 4,320 4,428 4,539 4,652 4,768 4,888 5,010 5,135 5,264 5,395 5,530Other Maintenance 26,710 27,378 28,062 28,764 29,483 30,220 30,975 31,750 32,544 33,357 34,191Management @ 5% 12,300 33,900 35,835 35,742 38,397 32,459 38,498 41,031 39,895 43,378 44,455

Total Operating Expenses 251,845 279,242 287,112 293,101 301,986 302,430 315,005 324,235 329,958 340,467 381,567

NET OPERATING INCOME (5,836) 398,758 429,584 421,745 465,948 346,755 454,961 496,377 467,932 527,089 507,530

Leasing & Capital CostsTenant Improvements 1,213,065 - 85,728 66,134 - 494,090 - - 174,244 -Leasing Commissions 213,658 - 20,373 15,717 - 117,420 - - 41,409 -Reserves - $0.15 6,901 7,074 7,251 7,432 7,618 7,808 8,003 8,204 8,409 8,619

Total Leasing & Capital Costs 1,433,624 7,074 113,352 89,283 7,618 619,318 8,003 8,204 224,062 8,619

Cash Flow Before Debt Service (1,439,460) 391,684 316,232 332,462 458,330 (272,563) 446,958 488,173 243,870 518,470

INTERNAL RATE OF RETURN - 10 Year Hold EXIT SALE CALCULATION - End of Year 10

IRR Price Per SF Cap Year 1 Total Dollars Per SF

Capped Value @ 7.00% $7,250,429 $157.598.67% $3,500,000 $76.07 -0.17% Cost of Sale @ 4.00% (290,017) (6.30)

Net Sale Proceeds $6,960,411 $151.28

9/12/2018 - 11:34 AM



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08-1786 • 09/18

3705-3780 Rosin CourtCash Flow Projection - With Debt

Newmark Cornish & Carey

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11Sep-2018 Sep-2019 Sep-2020 Sep-2021 Sep-2022 Sep-2023 Sep-2024 Sep-2025 Sep-2026 Sep-2027 Sep-2028Aug-2019 Aug-2020 Aug-2021 Aug-2022 Aug-2023 Aug-2024 Aug-2025 Aug-2026 Aug-2027 Aug-2028 Aug-2029

NET OPERATING INCOME (5,836) 398,758 429,584 421,745 465,948 346,755 454,961 496,377 467,932 527,089 507,530Debt Coverage Ratio (NOI / debt service) (0.04) 2.88 3.11 3.05 3.37 2.51 3.29 3.59 3.38 3.81 -

Cash Flow Before Debt Service (1,439,460) 391,684 316,232 332,462 458,330 (272,563) 446,958 488,173 243,870 518,470Interest Payments - 4.50% (101,624) (99,938) (98,175) (96,330) (94,401) (92,383) (90,272) (88,065) (85,756) (83,341)Principal Payments - 30 Year (36,701) (38,387) (40,150) (41,995) (43,924) (45,942) (48,053) (50,260) (52,569) (54,984)

Cash Flow After Debt Service (1,577,785) 253,359 177,907 194,137 320,005 (410,888) 308,633 349,848 105,545 380,145

Gross Sale Proceeds @ 7.00% 5,696,543 6,136,914 6,024,929 6,656,400 4,953,643 6,499,443 7,091,100 6,684,743 7,529,843 7,250,429Cost of Sale @ 4.00% (227,862) (245,477) (240,997) (266,256) (198,146) (259,978) (283,644) (267,390) (301,194) (290,017)Remaining Loan Balance (2,238,299) (2,199,912) (2,159,762) (2,117,767) (2,073,843) (2,027,901) (1,979,848) (1,929,588) (1,877,019) (1,822,035)

Net Sale Proceeds 3,230,382 3,691,526 3,624,170 4,272,377 2,681,655 4,211,565 4,827,608 4,487,765 5,351,630 5,138,377

Cap Rate (NOI divided by purchase price) -0.17% 11.39% 12.27% 12.05% 13.31% 9.91% 13.00% 14.18% 13.37% 15.06%All Cash Yield (cash on cash before debt service) -41.13% 11.19% 9.04% 9.50% 13.10% -7.79% 12.77% 13.95% 6.97% 14.81%Leveraged Yield (cash on cash after debt service) -128.80% 20.68% 14.52% 15.85% 26.12% -33.54% 25.19% 28.56% 8.62% 31.03%

PRICE, DEBT and EQUITY Total Dollars Per SF IRR ANALYSIS 6 Year Hold 8 Year Hold 10 Year Hold

Purchase Price $3,500,000 $76.07Loan @ 65.0% (2,275,000) (49.45) All Cash IRR 8.31% 8.43% 8.67%

Required Equity $1,225,000 $26.63 Leveraged IRR 11.34% 11.23% 11.38%

CAP ANALYSIS NOI Year 1 NOI Year 2

Cap Rate (NOI divided by purchase price) -0.17% 11.39% Calif. Proposition 13 tax adjustment at sale (if used) is reflected for only a 10 year hold.

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08-1786 • 09/18

3705-3780 Rosin CourtProjection Assumptions


Summary InformationProperty Name 3705-3780 Rosin CourtAddress -City, State Zip Sacramento, CA 95834

Cash Flow ANALYSIS Start Date September 2018 : Notes to AnalysisCash Flow REPORTING Start Date September 2018 :Holding Period for Present Value 10 Years :Net Rentable Area in SF 46,009 :

::

Price, Debt and Equity Total Dollars Per SF ::

Purchase Price $3,500,000 $76.07 :Loan @ 65.0% (2,275,000) (49.45) :

:Required Equity $1,225,000 $26.63 :

:::

IRR Analysis 6 Year Hold 8 Year Hold 10 Year Hold ::

All Cash IRR 8.31% 8.43% 8.67% :Leveraged IRR 11.34% 11.23% 11.38% :

::

General Projection Assumptions :Cost of Living (annual growth) 2.50% :General Expenses (annual growth) 2.50% :Real Estate Taxes (annual growth) 2.00% :

:General Vacancy / Credit Loss (offset by down time) 10.00% :Duration of Absorption of Existing Vacant Space 9 Months :Date of Completion of Absorption of Existing Vacant Space By 6/1/2019 :

::

Expenses and NOI Total Dollars Per SF ::

Operating Expenses (year one) $251,845 $5.47 :Net Operating Income (year one) ($5,836) ($0.13) :

:::

Exit Cap Rate (applied to following year NOI) 7.00% ::

Exit Cost of Sale 4.00% ::

1. The underlying cash flow projection for this presentation wasgenerated with ARGUS Valuation DCF software.

2. VACANT spaces are modeled to lease from largest to smallest,counting backwards from month 10 of the analysis period. Seerent roll for actual start dates per suite.

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08-1786 • 09/18

3705-3780 Rosin CourtProjection Assumptions


Market Leasing Assumptions SpecMLA1

Market Rent PSF/mo. - FY1: 9/2018 - 8/2019 $1.40Market Rent PSF/mo. - FY2: 9/2019 - 8/2020 $1.44Market Rent PSF/mo. - FY3: 9/2020 - 8/2021 $1.47Market Rent PSF/mo. - FY4: 9/2021 - 8/2022 $1.51Market Rent PSF/mo. - FY5: 9/2022 - 8/2023 $1.55Market Rent PSF/mo. - FY6: 9/2023 - 8/2024 $1.58Market Rent PSF/mo. - FY7: 9/2024 - 8/2025 $1.62Market Rent PSF/mo. - FY8: 9/2025 - 8/2026 $1.66Market Rent PSF/mo. - FY9: 9/2026 - 8/2027 $1.71Market Rent PSF/mo. - FY10: 9/2027 - 8/2028 $1.75Etc. (pattern continues annually)

Market Rent Growth - FY1: 9/2018 - 8/2019 -- n/a --Market Rent Growth - FY2: 9/2019 - 8/2020 2.50%Market Rent Growth - FY3: 9/2020 - 8/2021 2.50%Market Rent Growth - FY4: 9/2021 - 8/2022 2.50%Market Rent Growth - FY5: 9/2022 - 8/2023 2.50%Market Rent Growth - FY6: 9/2023 - 8/2024 2.50%Market Rent Growth - FY7: 9/2024 - 8/2025 2.50%Market Rent Growth - FY8: 9/2025 - 8/2026 2.50%Market Rent Growth - FY9: 9/2026 - 8/2027 2.50%Market Rent Growth - FY10: 9/2027 - 8/2028 2.50%Etc. (pattern continues annually)

Type of Lease FSG (no reimb)

Speculative Lease Term in Years 5 YearsEscalations Within Speculative Lease Term Annual 3%Probability of Tenant Retention 80.0%

TI Allowance PSF - New Tenant $35.00TI Allowance PSF - Renewing Tenant $7.00TI Allowance PSF - Weighted Average $12.60TI Allowance PSF - Initial Lease of Vacant Space (if any) $35.00

Lease Commission - New Tenant 7.50%Lease Commission - Renewing Tenant 2.50%Lease Commission - Weighted Average 3.50%Lease Commission - Initial Lease of Vacant Space (if any) 7.50%

Months Down Time - New Tenant 9 mosMonths Down Time - Weighted Average 2 mos

Months Free Rent - New Tenant 5 mosMonths Free Rent - Renewing Tenant 2 mosMonths Free Rent - Weighted Average 2.60 mosMonths Free Rent - Initial Lease of Vacant Space (if any) 5 mos

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08-1786 • 09/18

3705-3780 Rosin CourtDetailed Rent Roll - as of September 2018 - NRA @ 46,009 sq. ft.


Tenant Name CPI & Current TI's LC'sType & Suite Number Sq. Ft. Rate/Amt./Yr. Porters' Wage Mos. Pct. Description of Operating Rate Rate Assumption About Future

No. Lease Dates & Term Bldg. % Rate/Amt./Mo. Adj. Date Pct. $/Month PSF/mo. $/Year PSF/yr. Miscellaneous Free Free Expense Reimbursements Amount Amount Terms For This Tenant___ ______________________ _______ ___________ ________ _____ _________ _______ __________ ________ ______________ _______ _____ _____________________ ___________ _________ _____________________

1 ** VACANT $16.80 Mar-2020 3.0% $5,869 $1.44 $70,428 $17.30 - 1-5 100% Full Service: $35.00 $6.16 MarketOffice, Suite: 100 4,071 $68,393 Mar-2021 3.0% $6,045 $1.49 $72,545 $17.82 Pays no expense 7.50% See assumption:Mar-2019 to Feb-2024 8.85% $1.40 Mar-2022 3.0% $6,229 $1.53 $74,744 $18.36 reimbursement. $142,485 $25,096 $1.40 FSG60 Months $5,699 Mar-2023 3.0% $6,415 $1.58 $76,983 $18.91

2 ** VACANT $16.80 May-2020 3.0% $7,954 $1.44 $95,444 $17.30 - 1-5 100% Full Service: $35.00 $6.16 MarketOffice, Suite: 120 5,517 $92,686 May-2021 3.0% $8,193 $1.49 $98,313 $17.82 Pays no expense 7.50% See assumption:May-2019 to Apr-2024 11.99% $1.40 May-2022 3.0% $8,441 $1.53 $101,292 $18.36 reimbursement. $193,095 $34,010 $1.40 FSG60 Months $7,724 May-2023 3.0% $8,694 $1.58 $104,326 $18.91

3 ** VACANT $16.80 Apr-2020 3.0% $7,946 $1.44 $95,358 $17.30 - 1-5 100% Full Service: $35.00 $6.16 MarketOffice, Suite: 260 5,512 $92,602 Apr-2021 3.0% $8,185 $1.49 $98,224 $17.82 Pays no expense 7.50% See assumption:Apr-2019 to Mar-2024 11.98% $1.40 Apr-2022 3.0% $8,433 $1.53 $101,200 $18.36 reimbursement. $192,920 $33,979 $1.40 FSG60 Months $7,717 Apr-2023 3.0% $8,686 $1.58 $104,232 $18.91

4 ** VACANT $16.80 Feb-2020 3.0% $5,281 $1.44 $63,370 $17.30 - 1-5 100% Full Service: $35.00 $6.16 MarketOffice, Suite: 270 3,663 $61,538 Feb-2021 3.0% $5,440 $1.49 $65,275 $17.82 Pays no expense 7.50% See assumption:Feb-2019 to Jan-2024 7.96% $1.40 Feb-2022 3.0% $5,604 $1.53 $67,253 $18.36 reimbursement. $128,205 $22,581 $1.40 FSG60 Months $5,128 Feb-2023 3.0% $5,772 $1.58 $69,267 $18.91

5 ** VACANT $16.80 Nov-2019 3.0% $1,433 $1.44 $17,196 $17.30 - 1-5 100% Full Service: $35.00 $6.16 MarketOffice, Suite: 260A 994 $16,699 Nov-2020 3.0% $1,476 $1.49 $17,713 $17.82 Pays no expense 7.50% See assumption:Nov-2018 to Oct-2023 2.16% $1.40 Nov-2021 3.0% $1,521 $1.53 $18,250 $18.36 reimbursement. $34,790 $6,128 $1.40 FSG60 Months $1,392 Nov-2022 3.0% $1,566 $1.58 $18,797 $18.91

6 Calif. Assoc. For Health $18.00 - - - - - - - - - Full Service: - - MarketOffice, Suite: 190 6,476 $116,568 Pays no expense See assumption:Dec-2003 to May-2021 14.08% $1.50 reimbursement. $1.40 FSG210 Months $9,714

7 ** VACANT $16.80 Jan-2020 3.0% $4,290 $1.44 $51,485 $17.30 - 1-5 100% Full Service: $35.00 $6.16 MarketOffice, Suite: 240 2,976 $49,997 Jan-2021 3.0% $4,419 $1.49 $53,032 $17.82 Pays no expense 7.50% See assumption:Jan-2019 to Dec-2023 6.47% $1.40 Jan-2022 3.0% $4,553 $1.53 $54,639 $18.36 reimbursement. $104,160 $18,346 $1.40 FSG60 Months $4,166 Jan-2023 3.0% $4,690 $1.58 $56,276 $18.91

8 ** VACANT $16.80 Jun-2020 3.0% $14,066 $1.44 $168,796 $17.30 - 1-5 100% Full Service: $35.00 $6.16 MarketOffice, Suite: 200 9,757 $163,918 Jun-2021 3.0% $14,489 $1.49 $173,870 $17.82 Pays no expense 7.50% See assumption:Jun-2019 to May-2024 21.21% $1.40 Jun-2022 3.0% $14,928 $1.53 $179,139 $18.36 reimbursement. $341,495 $60,147 $1.40 FSG60 Months $13,660 Jun-2023 3.0% $15,375 $1.58 $184,505 $18.91

9 El Hogar Comm. Svcs. $16.80 - - - - - - - - - Full Service: - - MarketOffice, Suite: 110 4,874 $81,883 Pays no expense See assumption:Jul-2011 to Jul-2021 10.59% $1.40 reimbursement. $1.40 FSG121 Months $6,824

Due to numerical export limitations of ARGUS software, some of the total dollar amounts shown above may appear slightly different from the actual values entered in and calculated within the ARGUS file used to generate this report. 9/12/2018 - 11:35 AM

3705-3780 Rosin CourtDetailed Rent Roll - as of September 2018 - NRA @ 46,009 sq. ft.


Tenant Name CPI & Current TI's LC'sType & Suite Number Sq. Ft. Rate/Amt./Yr. Porters' Wage Mos. Pct. Description of Operating Rate Rate Assumption About Future

No. Lease Dates & Term Bldg. % Rate/Amt./Mo. Adj. Date Pct. $/Month PSF/mo. $/Year PSF/yr. Miscellaneous Free Free Expense Reimbursements Amount Amount Terms For This Tenant___ ______________________ _______ ___________ ________ _____ _________ _______ __________ ________ ______________ _______ _____ _____________________ ___________ _________ _____________________

10 ** VACANT $16.80 Dec-2019 3.0% $3,127 $1.44 $37,524 $17.30 - 1-5 100% Full Service: $35.00 $6.16 MarketOffice, Suite: 150 2,169 $36,439 Dec-2020 3.0% $3,221 $1.49 $38,652 $17.82 Pays no expense 7.50% See assumption:Dec-2018 to Nov-2023 4.71% $1.40 Dec-2021 3.0% $3,319 $1.53 $39,823 $18.36 reimbursement. $75,915 $13,371 $1.40 FSG60 Months $3,037 Dec-2022 3.0% $3,418 $1.58 $41,016 $18.91

Total Occupied SqFt 11,350Total Available SqFt 34,659

Due to numerical export limitations of ARGUS software, some of the total dollar amounts shown above may appear slightly different from the actual values entered in and calculated within the ARGUS file used to generate this report. 9/12/2018 - 11:35 AM



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08-1786 • 09/18

3705-3780 Rosin CourtBrief Rent Roll - as of September 2018 - NRA @ 46,009 sq. ft.


MR $ PSF Mkt. vs.No. Type, Suite Tenant Size Pct. Start to Expire Rent/mo. PSF/mo. Rent/yr. PSF/yr. CAM Reimb. Leasing Assump. Per Month Current

1 Office, Suite: 100 ** VACANT 4,071 8.8% Mar-2019 to Feb-2024 $5,699.40 $1.40 $68,393 $16.80 Full Service: Pays no expensereimbursement. $1.40 FSG $1.40 0.0%

2 Office, Suite: 120 ** VACANT 5,517 12.0% May-2019 to Apr-2024 $7,723.80 $1.40 $92,686 $16.80 Full Service: Pays no expensereimbursement. $1.40 FSG $1.40 -

3 Office, Suite: 260 ** VACANT 5,512 12.0% Apr-2019 to Mar-2024 $7,716.80 $1.40 $92,602 $16.80 Full Service: Pays no expensereimbursement. $1.40 FSG $1.40 -

4 Office, Suite: 270 ** VACANT 3,663 8.0% Feb-2019 to Jan-2024 $5,128.20 $1.40 $61,538 $16.80 Full Service: Pays no expensereimbursement. $1.40 FSG $1.40 0.0%

5 Office, Suite: 260A ** VACANT 994 2.2% Nov-2018 to Oct-2023 $1,391.60 $1.40 $16,699 $16.80 Full Service: Pays no expensereimbursement. $1.40 FSG $1.40 0.0%

6 Office, Suite: 190 Calif. Assoc. For Health 6,476 14.1% Dec-2003 to May-2021 $9,714.00 $1.50 $116,568 $18.00 Full Service: Pays no expensereimbursement. $1.40 FSG $1.40 -6.7%

7 Office, Suite: 240 ** VACANT 2,976 6.5% Jan-2019 to Dec-2023 $4,166.40 $1.40 $49,997 $16.80 Full Service: Pays no expensereimbursement. $1.40 FSG $1.40 0.0%

8 Office, Suite: 200 ** VACANT 9,757 21.2% Jun-2019 to May-2024 $13,659.80 $1.40 $163,918 $16.80 Full Service: Pays no expensereimbursement. $1.40 FSG $1.40 0.0%

9 Office, Suite: 110 El Hogar Comm. Svcs. 4,874 10.6% Jul-2011 to Jul-2021 $6,823.58 $1.40 $81,883 $16.80 Full Service: Pays no expensereimbursement. $1.40 FSG $1.40 0.0%

10 Office, Suite: 150 ** VACANT 2,169 4.7% Dec-2018 to Nov-2023 $3,036.60 $1.40 $36,439 $16.80 Full Service: Pays no expensereimbursement. $1.40 FSG $1.40 -

TOTAL 46,009 100.0% $65,060 $1.41 $780,722 $16.97 $1.40 -1.0%

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08-1786 • 09/18

3705-3780 Rosin CourtSummary of Tenant Statistics - as of September 2018 - NRA @ 46,009 sq. ft.


Sq. % of << Current Contract Rents / Vacant @ Market Rents >> << Estimated Market Rents >> % CurrentFeet Total Rent/mo. PSF/mo. Rent/yr. PSF/yr. % of Total Rent/mo. PSF/mo. Rent/yr. PSF/yr. % of Total vs. Market

OCCUPIED SUITES 11,350 24.7% $16,538 $1.46 $198,451 $17.48 25.4% $15,890 $1.40 $190,680 $16.80 24.7% 4.1%VACANT SUITES 34,659 75.3% 48,523 1.40 582,271 16.80 74.6% 48,523 1.40 582,271 16.80 75.3% -0.0%

TOTAL 46,009 100.0% $65,060 $1.41 $780,722 $16.97 100.0% $64,413 $1.40 $772,951 $16.80 100.0% 1.0%


$1.40 FSG 46,009 100.0% $65,060 $1.41 $780,722 $16.97 100.0% $64,413 $1.40 $772,951 $16.80 100.0% 1.0%

TOTAL 46,009 100.0% $65,060 $1.41 $780,722 $16.97 100.0% $64,413 $1.40 $772,951 $16.80 100.0% 1.0%


CY 2018 - - - - - - - - - - - - -CY 2019 - - - - - - - - - - - - -CY 2020 - - - - - - - - - - - - -CY 2021 11,350 24.7% 16,538 1.46 198,451 17.48 25.4% 15,890 1.40 190,680 16.80 24.7% 4.1%CY 2022 - - - - - - - - - - - - -CY 2023 6,139 13.3% 8,595 1.40 103,135 16.80 13.2% 8,595 1.40 103,135 16.80 13.3% -0.0%CY 2024 28,520 62.0% 39,928 1.40 479,136 16.80 61.4% 39,928 1.40 479,136 16.80 62.0% -0.0%CY 2025 - - - - - - - - - - - - -CY 2026 - - - - - - - - - - - - -CY 2027 - - - - - - - - - - - - -CY 2028 - - - - - - - - - - - - -

TOTAL 46,009 100.0% $65,060 $1.41 $780,722 $16.97 100.0% $64,413 $1.40 $772,951 $16.80 100.0% 1.0%

EXPIRATION ANALYSIS

UNIT TYPE ANALYSIS

OCCUPANCY ANALYSIS

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08-1786 • 09/18

SBA 504 Loan ScenarioSacramento Office Building Scenario as of: 9/24/2018

Own the Business? Own the Building.

Building Shell Price $3,500,000 3780 Rosin Court, SacramentoInterior Improvements $0 Building Size 46,009 sfOther $0Total Project Costs $3,500,000 Price per Sq. Ft. $76.07 psf

Property ContactsMike Riley Terry DeveauSenior Managing Director Senior Managing Director916.569.2329 [email protected] [email protected]

Financing Package Amount Rate Term Amort Monthly PymtBank 1st Mortgage 50% 1,750,000$ 5.25% 10 Yrs 25 Yrs 10,487$ SBA 504 2nd Mortgage* 40% 1,440,000$ 5.28% 25 Yrs 25 Yrs 8,655$ Down Payment 10% 350,000$

5.26% $0.42 PSF 19,142$

PSF Monthly PSF MonthlyMortgage Payments $0.42 $19,142 Total Monthly Payment $1.07 $49,047Operating Expenses $0.65 $29,906 Less Depreciation ($0.13) -$5,983

Total Monthly Payment $1.07 PSF $49,047 Total Adjusted Monthly Payment $0.94 PSF $43,064

Cash Down Payment 10.0% $350,000Estimate-Bank Fees 0.5% $8,750Estimate-Appraisal/Environmental Reports $5,000Total Cash Required $363,750

Assumptions: The following assumptions were made in the preparation of this sample. Please let us know if there are specific values you'd like to see.

● Bank rate, terms and fees are estimated and vary depending on lender. ● Operating costs, title and insurance are estimates. ● Depreciation is estimated at an 80% bracket over 39 years.

● All fees and expenses are estimated and will vary by vendor.

For more information contact us:Your SBA 504 Loan ExpertJim AzevedoTMC FinancingSVP, Business [email protected]

● SBA rate is as of Sep '18. Actual rate is set at debenture sale.

● SBA Fee is estimated at 2.65% plus $2,500 legal fee. All SBA fees are financed.

90% SBA 504 Financing Example

Monthly Costs Adjusted Monthly Costs

Out of Pocket Expenses Invest in Your Future: Equity Over First 10 Years

● 90% LTV financing generally does not require additional collateral.● Equity is based on a 2.0% annual appreciation rate.

*Includes financed SBA fee of $40,000

$0

$1,000,000

$2,000,000

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

EQUITY



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08-1786 • 09/18

SITE PLAN

Unit

Computer No.

Date

Project No.

Drawn By:

Sheet No:

Checked By:

Sheet Title

Project Title

Key Plan

Revisions

8355 OAK KNOLL DRIVEGRANITE BAY, CA 95746

(916) 797-7266(916) 797-7268 fax

Approvals

Consultants

Registration Stamp

ARCHITECTURE, Inc. SHARP

A1.1 Sht. of

10-219

1

Dra

wing

Sta

tus

Construction

Bidding

Plan Check

Back Check / Approval

OWNER

1 1



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08-1786 • 09/18

FIRST FLOOR

Suite 120±5,517 RSFAvailable



Suite 110±4,874 RSFLeased

Suite 190±6,476 RSFLeased



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08-1786 • 09/18

SECOND FLOOR CAN BE COMBINED FOR ±23,080 RSF CONTIGUOUS







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08-1786 • 09/18

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