Pro Forma Valuation for Pyrites (Conventional) · * Pro Forma Analysis based on anticipated rental...

Land Catchers Investments® Trevor W. Martin

101 Parkshore Drive, Suite 100 DRE 01450714 | DRE 01977991

Folsom, California 95630 [email protected]

O: (916) 932‐7336 F: (916) 932‐7337 www.LandCatchers.com

INVESTMENT VALUATION AND PRO FORMA (*)

(July 2019 Pro Forma w/ Realistic Rental Rates)(ASSUMING CONVENTIONAL FINANCING)

Light Industrial / Office

11286 Pyrites Way

Gold River, CA 95670

Prepared For: CoStar‐LoopNet

Date: June 1, 2019

* Pro Forma Analysis based on anticipated rental rates from page 4 and actual, or near‐actual, annual expenses. Neither Land Catchers

Investments nor its brokers and agents make any representations or warranties about the actual rental rates achievable and/or actual

investments expenses. Buyer shall not rely on this report and is urged to conduct independent investigation and financial analysis.

© 2019. Land Catchers Investments®. All Rights Reserved. of 5

Land Catchers Investments®

101 Parkshore Drive, Suite 100

Folsom, California 95630

O: (916) 932‐7336 F: (916) 932‐7337

Trevor W. Martin

DRE 01450714

[email protected]

VALUATION SUMMARY Prepared For: CoStar‐LoopNet

Property Description Value Indicators

Name: Pyrites Way Price: $2,500,000

Address: 11286 Pyrites Way Down Payment: $625,000

Gold River, CA 95670 Price/Unit: $1,250,000

Total Units: 2 Price/Sqft: $166.67

Year Built: 2004 Current CAP Rate: 0.0%

Net Rentable Sq. Ft.: 15,000 Market CAP Rate: 6.0%

Parcel Size: 1.8 acres Current GRM: #DIV/0!

Zoning: MP Market GRM: 16.7

Parking Spaces: 40 (*) Cash on Cash: ‐19.9%

Roof: (*) Cash on Cash (Market): 4.1%

Exterior:

Foundation:

Annual Property Operating Data

Current Rent Market Rent

Scheduled Monthly Rent: $0 $12,500

Other Income: $0 $0

Scheduled Gross Income: $0 $150,000

Less Est. Vacancy Loss / Reserve: $0 $0

Effective Gross Income: $0 $150,000

Less Est. Expenses: $0 $0

Net Operating Income: $0 $150,000

Less Debt Service: ‐$124,246 ‐$124,246

Pre‐Tax Cash Flow: ‐$124,246 $25,754

Principal Reduction: $62,500 $62,500

Total Annual Return Before Taxes: ‐$61,746 $88,254 (**)

* Based on following amortization period, APR, and down payment : 30 5.250% 25%

** Assumes total principal paid down over full amortization period is distributed evenly for each calendar year.





O: (916) 932‐7336 F: (916) 932‐7337

Trevor W. Martin

DRE 01450714

[email protected]

RENT ROLL Prepared For: CoStar‐LoopNet

10.00$ /SF‐Year

Tenants Lease Actual May 2019 (Monthly) Pro Forma July 2019 (Monthly)

Name Suite Start End USF RSF Vacant SF Rent/USF Rent/RSF Rent Parking CAM Income USF RSF Vacant SF Rent/USF Rent/RSF Rent Parking CAM Income

Tenant 1 100 $0.00 $0.00 3,750 3,750 0 $0.83 $0.83 $3,125.00 $0.00 $0.00 $3,125.00

Tenant 2 110 11,250 11,250 0 $0.83 $0.83 $9,375.00 $0.00 $0.00 $9,375.00

Sub Total 0 0 0 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 15,000 15,000 0 $0.83 $0.83 $12,500.00 $0.00 $0.00 $12,500.00

Other Income $0.00 $0.00TOTAL GROSS INCOME $0.00 $12,500.00





O: (916) 932‐7336 F: (916) 932‐7337

Trevor W. Martin

DRE 01450714

[email protected]

INCOME & EXPENSE STATEMENT Prepared For: CoStar‐LoopNet

ACTUAL AUGUST 2014 (Before Planned Vacancy) PRO FORMA July 2019 *

Scheduled Gross Annual Income $0.00 $150,000.00

Less Vacancy / Reserve $0.00 0.0% $0.00 0.0%

Effective Annual Gross Income $0.00 $150,000.00

Annual Expenses $0.00 #DIV/0! per sf/yr $0.00 $0.00 per sf/yr

Electricity #DIV/0! per sf/mo $0.00 per sf/mo

Gas

Water, Sewer, Trash

Reserved

Property Taxes $0.00 $0.00

Insurance $0.00 $0.00

HVAC

Elevator Maintenance

Janitorial Services

Janitorial Supplies

Miscellaneous Repairs $0.00 $0.00

Management Fees (lawn) $0.00 $0.00

NET Operating Income $0.00 $150,000.00

Capitalization Rate 0.0% 6.00%

Purchase Price $2,500,000.00 $2,500,000.00

Gross Rent Multiplier #DIV/0! 16.7

Annual Debt Service (Proposed) ‐$124,245.83 ‐$124,245.83

Purchase Price $2,500,000.00 $2,500,000.00

Down Payment $625,000.00 $625,000.00

Interest Rate 5.25% 5.25%

Term (years) 30 30

Annualized Pre‐Tax Cash Flow ‐$124,245.83 $25,754.17

Cash‐On‐Cash Return ‐19.9% 4.1%

Principal Reduction (Full Loan Term) $62,500.00 $62,500.00

TOTAL Annual Return ‐$61,745.83 $88,254.17

TOTAL Annual Return Rate ‐9.9% 14.1%

* Pro Forma Analysis based on anticipated rental rates from page 4 and actual, or near‐actual, annual expenses. Neither Land Catchers

Investments nor its brokers and agents make any representations or warranties about the actual rental rates achievable and/or actual

investments expenses. Buyer shall not rely on this report and is urged to conduct independent investigation and financial analysis.





O: (916) 932‐7336 F: (916) 932‐7337

Trevor W. Martin

DRE 01450714

[email protected]

PURCHASE AND SALE PRICE EVALUATION Prepared For: CoStar‐LoopNet

CURRENT PRO FORMA JULY 2019

Desired CAP Rate 4.0% 4.25% 4.5% 5.5% 6.0% 6.5%

Stabilized Purchase Price $0 $0 $0 $2,727,273 $2,500,000 $2,307,692

(Price/SF) #DIV/0! #DIV/0! #DIV/0! $181.82 $166.67 $153.85

Annual Debt Service ‐$135,541 ‐$124,246 ‐$114,688

Down Payment 25%

Interest Rate 5.25%

Term (years) 30

Cash On Cash Return 2.1% 4.1% 6.1%

Debt Coverage Ratio 0.00 0.00 0.00


Pro Forma Valuation for Pyrites (Conventional) · * Pro Forma Analysis based on anticipated rental...

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