45,139 S F FREESTANDING RETAIL BUILDING FO R LEASE O R
45,139
SF
FREESTANDING RETAIL BUILDING FOR LEASE OR SALE
Property Information ♦ 45,139± sf Total Building Space (Possible Split) • 35,199± sf Showroom • 7,670± sf Warehouse (38’± Int H) • 2,270± sf Office/Restroom ♦ Highway 101 Frontage Near On/Offramp • ADT Highway 101 = 114,000± ♦ 3.376± Acres Zoned C-R (Regional Commercial) Comments ♦ In the Heart of Over 1,600,000 sf of Regional & Anchored Retail Centers ♦ Adjacent Tenants Include: Home Depot, Wal*Mart, El Torito, Pep Boys, In N Out, Outback ♦ Additional Parking via Reconfiguration
5195 Redwood Drive Rohnert Park, CA
ASSUMABLE FINANCING OF $2,700,000 (APPROXIMATE BALANCE) 6.25% - 25-YEAR AMORTIZED, DUE 2020 ($20,582/MO)
PRICING SALE PRICE: $4,100,000 ($90.83 PSF) LEASE RATE: $0.75 PSF NNN
North Elevation
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
E x e c u t i v e S u m m a ry Opportunity Highlights ♦ 45,139± sf freestanding retail anchor building on the Highway 101 corridor near on/offramps.
Build in 1994 for Levitz Furniture ♦ Owner/user opportunity - Lease with option to purchase ♦ Developer opportunity to retenant or multi-tenant ♦ Centrally located in the heart of over 1,600,000 sf of Regional and Anchored Retail Centers including anchors: Costco,
Food Maxx, Target, Burlington Coat Factory, 16-Plex Pacific Theaters, Office Depot, Ashley Furniture, PetSmart, JoAnn Fabrics and Big 5. To the north are: Walmart, Home Depot, Pep Boys, and the proposed future casino.
Zoning Ordinance (C-R) Regional Commercial The General Plan Commercial (Regional) designation is intended to provide for retail containing a wide variety of businesses, including: retail stores, eating and drinking establishments, commercial recreation, service stations, auto and repair services, financial, business and personal services, hotels, motels, and educational and social services. Residential uses may be conditionally permitted. Shopping centers typically provide department or big-box retailers which attract regional shoppers. Neighborhood - oriented commercial uses may be limited within this designation.
Vicinity Map
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Retail
map
Demographics
Radius 3.0 Mile
Radius 5.0 Mile
Radius 10.0 Mile
Population Avg. HH Income Avg. Age
59,754 $76,852 33.6
105,467 $76,868 33.2
328,631 $86,258 38.1
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
E x pa n d e d R e t a i l M a p
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Site Plan & Demographics 5195 Redwood Drive Rohnert Park, CA
Radius 3.0 Mile
Radius 5.0 Mile
Radius 10.0 Mile
Population Avg. HH Income Avg. Age
59,754 $76,852 33.6
105,467 $76,868 33.2
328,631 $86,258 38.1
Features: ♦ 4 Roll-Up Doors with Dock Wells ♦ 2 Roll-Up Doors Grade Level ♦ Additional Parking via Reconfiguration and/or Additional Lands
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Retail Vacancy & Absorption S onoma C ounty Year
Base SF
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Q3
14,417,468 14,113,431 14,746,230 14,586,444 14,618,783 15,319,739 15,725,392 16,610,029 17,204,372 16,576,065 16,585,077 16,872,466 17,046,519 17,362,810 17,442,114 17,457,044
Vacant SF 1,290,305 989,631 999,485 859,008 649,256 583,650 616,770 574,982 547,908 649,486 632,312 587,208 1,103,082 1,601,337 1,486,858 1,244,838
Vacancy
Absorption
8.9% 7.0 6.8% 5.9% 4.4% 3.8% 3.9% 3.5% 3.2% 3.9% 3.8% 3.5% 6.5% 9.2% 8.5% 7.1%
n/a (3,363) 622,945 (20,309) 243,091 766,562 372,533 916,425 631,417 (729,885) 26,186 332,493 77,420
R ohnert P ark Year Base SF
Vacant SF
Vacancy
Absorption
2004 2005 2006 2007 2008 2009 2010 2011
126,843 171,022 207,026 259,048 316,884 360,958 414,574 331,641
3.5% 5.4% 6.3% 7.7% 9.5% 10.8% 12.4% 9.9%
44,179 36,004 52,022 57,836 44,074 53,616 (82,933)
3,620,174 3,158,174 3,305,877 3,349,392 3,349,392 3,333,047 3,342,659 3,354,055
R etail Vacancy 3rd Quarter 2011
Total
Existing
Gross Leasable Area
Vacancy
(Sq. Ft.)
(Sq. Ft.)
(%)
Petaluma
2,625,457
203,088
7.7%
Rohnert Park
3,354,055
331,641
9.9%
Santa Rosa
7,905,217
578,467
7.3%
Other
3,572,315
131,642
3.7%
Total
17,457,044
1,244,838
7.1%
Petaluma Rohnert Park Santa Rosa Other
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
SF
FREESTANDING RETAIL BUILDING FOR LEASE OR SALE
Property Information ♦ 45,139± sf Total Building Space (Possible Split) • 35,199± sf Showroom • 7,670± sf Warehouse (38’± Int H) • 2,270± sf Office/Restroom ♦ Highway 101 Frontage Near On/Offramp • ADT Highway 101 = 114,000± ♦ 3.376± Acres Zoned C-R (Regional Commercial) Comments ♦ In the Heart of Over 1,600,000 sf of Regional & Anchored Retail Centers ♦ Adjacent Tenants Include: Home Depot, Wal*Mart, El Torito, Pep Boys, In N Out, Outback ♦ Additional Parking via Reconfiguration
5195 Redwood Drive Rohnert Park, CA
ASSUMABLE FINANCING OF $2,700,000 (APPROXIMATE BALANCE) 6.25% - 25-YEAR AMORTIZED, DUE 2020 ($20,582/MO)
PRICING SALE PRICE: $4,100,000 ($90.83 PSF) LEASE RATE: $0.75 PSF NNN
North Elevation
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
E x e c u t i v e S u m m a ry Opportunity Highlights ♦ 45,139± sf freestanding retail anchor building on the Highway 101 corridor near on/offramps.
Build in 1994 for Levitz Furniture ♦ Owner/user opportunity - Lease with option to purchase ♦ Developer opportunity to retenant or multi-tenant ♦ Centrally located in the heart of over 1,600,000 sf of Regional and Anchored Retail Centers including anchors: Costco,
Food Maxx, Target, Burlington Coat Factory, 16-Plex Pacific Theaters, Office Depot, Ashley Furniture, PetSmart, JoAnn Fabrics and Big 5. To the north are: Walmart, Home Depot, Pep Boys, and the proposed future casino.
Zoning Ordinance (C-R) Regional Commercial The General Plan Commercial (Regional) designation is intended to provide for retail containing a wide variety of businesses, including: retail stores, eating and drinking establishments, commercial recreation, service stations, auto and repair services, financial, business and personal services, hotels, motels, and educational and social services. Residential uses may be conditionally permitted. Shopping centers typically provide department or big-box retailers which attract regional shoppers. Neighborhood - oriented commercial uses may be limited within this designation.
Vicinity Map
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Retail
map
Demographics
Radius 3.0 Mile
Radius 5.0 Mile
Radius 10.0 Mile
Population Avg. HH Income Avg. Age
59,754 $76,852 33.6
105,467 $76,868 33.2
328,631 $86,258 38.1
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
E x pa n d e d R e t a i l M a p
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Site Plan & Demographics 5195 Redwood Drive Rohnert Park, CA
Radius 3.0 Mile
Radius 5.0 Mile
Radius 10.0 Mile
Population Avg. HH Income Avg. Age
59,754 $76,852 33.6
105,467 $76,868 33.2
328,631 $86,258 38.1
Features: ♦ 4 Roll-Up Doors with Dock Wells ♦ 2 Roll-Up Doors Grade Level ♦ Additional Parking via Reconfiguration and/or Additional Lands
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
Retail Vacancy & Absorption S onoma C ounty Year
Base SF
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Q3
14,417,468 14,113,431 14,746,230 14,586,444 14,618,783 15,319,739 15,725,392 16,610,029 17,204,372 16,576,065 16,585,077 16,872,466 17,046,519 17,362,810 17,442,114 17,457,044
Vacant SF 1,290,305 989,631 999,485 859,008 649,256 583,650 616,770 574,982 547,908 649,486 632,312 587,208 1,103,082 1,601,337 1,486,858 1,244,838
Vacancy
Absorption
8.9% 7.0 6.8% 5.9% 4.4% 3.8% 3.9% 3.5% 3.2% 3.9% 3.8% 3.5% 6.5% 9.2% 8.5% 7.1%
n/a (3,363) 622,945 (20,309) 243,091 766,562 372,533 916,425 631,417 (729,885) 26,186 332,493 77,420
R ohnert P ark Year Base SF
Vacant SF
Vacancy
Absorption
2004 2005 2006 2007 2008 2009 2010 2011
126,843 171,022 207,026 259,048 316,884 360,958 414,574 331,641
3.5% 5.4% 6.3% 7.7% 9.5% 10.8% 12.4% 9.9%
44,179 36,004 52,022 57,836 44,074 53,616 (82,933)
3,620,174 3,158,174 3,305,877 3,349,392 3,349,392 3,333,047 3,342,659 3,354,055
R etail Vacancy 3rd Quarter 2011
Total
Existing
Gross Leasable Area
Vacancy
(Sq. Ft.)
(Sq. Ft.)
(%)
Petaluma
2,625,457
203,088
7.7%
Rohnert Park
3,354,055
331,641
9.9%
Santa Rosa
7,905,217
578,467
7.3%
Other
3,572,315
131,642
3.7%
Total
17,457,044
1,244,838
7.1%
Petaluma Rohnert Park Santa Rosa Other
Thomas Laugero, Partner
Keegan & Coppin REAL ESTATE
KEEGAN & COPPIN COMPANY, INC. O N C O R I N T E R N AT I O N A L Commercial Real Estate Services
1355 North Dutton Avenue ◊ License #s: 00473264 Santa Rosa, CA 95401 (707) 528-1400 ◊ Fax (707) 524-1419 [email protected]
The above information, while not guaranteed, has been secured from sources we believe to be reliable. Submitted subject to error, change or withdrawal. An interested party should verify the status of the property and the information herein.
