Property Analysis Tool - LoopNet€¦ · Citrus Heights is part of the...
Transcript of Property Analysis Tool - LoopNet€¦ · Citrus Heights is part of the...
Offering Memorandum
Greenback PlazaShopping Center
6201 Greenback Circle
Citrus Heights, CA
Location
Highlights
Greenback Plaza
Location Overview
Citrus Heights is a city in Sacramento County, California, USA. Citrus Heights is part of the Sacramento–Arden-Arcade–Roseville Metropolitan Statistical Area.
Citrus Heights is centrally located between the region's major freeways and highways. Interstate 80 passes through the west side of the city, and Interstate 5, U.S. Highway 50 and California State Route 99 are all located from three to 11 miles (18 km) from the city. The Business 80 freeway otherwise known as the Capital City Freeway begins near Citrus Heights and ends in Downtown Sacramento. Sacramento International Airport is located approximately 20 miles (32 km) from the city, while rail transportation provided by Amtrak is accessible in Roseville (about 10 miles (16 km) from the city). A public bus transportation is currently also provided by the Sacramento Regional Transit District.
Citrus Heights is home to a bustling retail and service industry. Sunrise Mall, newly remodeled with over 100 stores, including major department and specialty stores (Macy's, Sears, JC Penney's, etc.), is located in the center of the city, along with the Sunrise MarketPlace a growing retail community offering a wide variety of retail, dining, and service establishments (Barnes & Noble, Target Greatland, Best Buy, Lowe's Home Improvement, etc.). Citrus Heights also features major discount retail stores such as Costco, Sam's Club, and Wal-Mart.
This information has been secured from sources we believe to be reliable, but we make no representation or warranties as
to the accuracy of the information. Buyer bears all risk for any inaccuracies
The Offering
Property Greenback Plaza
Address 6201 Greenback Circle
Citrus Heights, CA,
Offered at
Assessor's Parcel Number 229-0023-002
Zoning GC
Site Description
Number Units 7
Number of Buildings 1
Number of Stories 1
Year Built 1961
Rentable Square Feet 8,000
Lot Size 23,465
Type of Ownership Fee Simple
Parking 27 Spaces
Topography Flat
Construction Indicators
Foundation Slab Improvement Cost Per Sq.Ft. 147$
Framing Wood Land Cost per Sq.Ft. 50$
Exterior Stucco Proforma Cap Rate 9.81%
Parking Surface Asphalt
Roof Metal with Coating
$1,175,000
Greenback Plaza
Property Summary
This information has been secured from sources we believe to be reliable, but we make no representation or warranties as
to the accuracy of the information. Buyer bears all risk for any inaccuracies
Property PhotosGreenback Plaza
This information has been secured from sources we believe to be reliable, but we make no representation or warranties as
to the accuracy of the information. Buyer bears all risk for any inaccuracies
Site PlanGreenback Plaza
This information has been secured from sources we believe to be reliable, but we make no representation or warranties as
to the accuracy of the information. Buyer bears all risk for any inaccuracies
Greenback Plaza
Plot Map
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to the accuracy of the information. Buyer bears all risk for any inaccuracies
Greenback Plaza
Street Maps
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to the accuracy of the information. Buyer bears all risk for any inaccuracies
Greenback Plaza
Aerial Photo
This information has been secured from sources we believe to be reliable, but we make no representation or warranties as
to the accuracy of the information. Buyer bears all risk for any inaccuracies
Greenback Plaza
Shopping Center Price
Citrus Heights, CA Down Payment 470,000$
First Loan 705,000$ 60.00% +Cost of Acquisition 5,875$
Second Loan -$ 0.00% +Loan Points 7,050$
Total Loans 705,000$ 60.00% =Investment Base 482,925$
Total Down Payment 470,000$
Gross Income & Expense Annually % on PP Monthly % on PP Notes
Gross Potential Rents 123,750 10.53% 10,313 0.878%
Less: Rental Vacancy 6,188 0.53% 516 0.044%
Gross Potential Income 117,563 10.01% 9,797 0.834%
Plus: Other Income - 0.00% - 0.000%
Plus: Annual Reimbursement 34,560 2.94% 2,880 0.245%
Effective Gross Income 152,123 12.95% 12,677 1.079%
Real Estate Taxes 11,750 7.72% 979 0.644%
Personal Property Taxes - 0.00% - 0.000%
Property Insurance 1,872 1.23% 156 0.103%
Property Management: 6,085 4.00% 507 0.333%
On site Management - 0.00% - 0.000%
Payroll-Onsite Personnel - 0.00% - 0.000%
Expenses\Legal - 0.00% - 0.000%
Taxes/Work.Comp - 0.00% - 0.000%
Reserves - 0.00% - 0.000%
Repairs and Maintenance 2,000 1.31% 167 0.110%
Utilities: - 0.00% - 0.000%
PG&E HSE 900 0.59% 75 0.049%
Water 840 0.55% 70 0.046%
Sewer 1,140 0.75% 95 0.062%
Garbage 5,940 3.90% 495 0.325%
Accounting and Legal - 0.00% - 0.000%
Real Estate Leasing Commissions - 0.00% - 0.000%
Advertising\Licenses\Permits - 0.00% - 0.000%
Laundry Lease - 0.00% - 0.000%
Contract Services: Pest Control - 0.00% - 0.000%
Rent Control Fee - 0.00% - 0.000%
Landscaping 3,000 1.97% 250 0.164%
Fire Alarm Monitoring 2,231 1.47% 186 0.122%
Telephone 1,150 0.76% 96 0.063%
Misc - 0.00% - 0.000%0.00% 0.000%
TOTAL OPERATING EXPENSES 36,908 3,076
NET OPERATING INCOME 115,215 9,601 Pro Forma Cap Rate 9.805%
TOTAL DEBT SERVICES 45,415 3,785
TOTAL CAPITAL ADDITIONS - -
CASH FLOW BEFORE TAXES 69,799 5,817
Annual Property Operating Data (Pro Forma) --- Greenback Plaza
1,175,000$
This information has been secured from sources we believe to be reliable, but we make no representation or warranties as to the accuracy of the information. Buyer bears all risk for any inaccuracies