EXCLUSIVE MULTI - FAMILY OFFERING

Slides:



Advertisements
Similar presentations
All Numbers in this presentation are in United States Dollars.
Advertisements

Chapter 9 Real Estate Appraisal This chapter introduces a central issue in real estate decision making, “What is the property worth?”
Economics. Appraisal of Historic Property Appraisal Methods: Sales Comparison Approach Income Approach Cost Approach.
Size 2 Acres, sf 420 ft x 220 ft Existing Structure 4 floors underground parking: for 1,100 cars Column grid ~ 35’ Ramps, elevators, and ventilation.
Real Estate Valuation. Real Estate Valuation: Market Comparison Approach.
2 8/21/ Chapter 2 Income Concepts. 2 8/21/ Chapter Objectives Upon completion of this chapter, the participant will be able to: –Contrast.
The Opportunity. Enjoy return on Australian property investment for a fraction of total investment  Invest only 15% (or under) of the property value and.
Investment Analysis 1 William Morgan Drive Toronto, ON Ryan Malenfant Greg Gowan.
Global Real Estate: Transaction Tools Chapter 6: Value Concepts.
Chapter 9: Leased Fee and Leasehold Valuation. Introduction  Leases affect typical investment returns by impacting:  Net operating income  Reversionary.
H OUSING Housing options. H OUSING OPTIONS What should you consider when you evaluate available housing alternatives? Your lifestyle and finances What.
PRESENTED BY: SHANE BALDWIN CLYDE GEROME ISAAC KERSHNER Case Study.
Real Estate Principles and Practices Chapter 16 Investment and Tax Aspects of Ownership © 2014 OnCourse Learning.
1030 S Ithan Street Philadelphia, PA. All Numbers In This Presentation Are In United States Dollars.
Alex Lin Emily Schwartz Sarah Snider Kate Wittels.
DYNAMIC LOCATION CLOSE TO USC, LA COLISEUM, SCIENCE MUSEUM PRIME COMMERCIAL/RESIDENTIAL CORNER BUILDING 6 RETAIL / 6 -1BD / 8 SINGLES 28 PRIVATE PARKING.
Real Estate Principles and Practices Chapter 16 Investment and Tax Aspects of Ownership © 2010 by South-Western, Cengage Learning.
RES 110 Session Five Commercial Real Estate Math Concepts Commercial Real Estate Math Conceptsand Understanding the Value of Commercial Investment Property.
(Crash-Course in understanding the Allen Weiss Excel Pro Forma Model) J. Gunderson Dec12.
Commercial and Investment Real Estate Opportunities Types of Properties Diversity of Clients ® Dearborn Real Estate Education, 2002.
3225 ADELINE STREET, BERKELEY MIXED-USE BUILDING TEAM: JASON MOCHIZUKI, SAFEI GU, FEI ZHAO.
Housing Deciding between Renting and Owning a House.
IS WHAT WE DO Compare 5 different condo concentrated areas in Toronto Geoffrey Au (Broker) Phone:
California Real Estate Principles, 10.1 Edition
Mobile Home Park Investment Fund
Executive Place th St Red Deer.
CAUSEWAY OFFICE CENTER
Economics.
Clubs on Congress Restoration July 2017
2-Level Boutique Office for Lease
DOWNTOWN CORNER RETAIL FOR LEASE
FIRST COMMERCIAL CAPITAL, INC.
INFINITY INVESTMENTS REAL ESTATE INVESTING SEMINAR
Valuation Using the Income Approach
Park Towne Place By: Shiting Liu, Wenting Lu, Zhengxuan Guo
Frequently Used Terms in the Commercial Real Estate
CML Commercial Real Estate Services, LLC
LEVEL 9 REALTY,LLC 1615 Forum Place, Suite 3A. West Palm Beach, Florida F
410 ACRES PRIME DEVELOPMENT LAND –
Castle Hills Market– For Lease
Washington Terrace Utah (Wash) Palmdale California (Palm)
32nd Street Apartments FOR SALE
Palace Way Mobile Home Park
Laurel Canyon Apartments
1650 Ashbury Dr. Concord, CA AMERICAN REALTY Carryl Keenan /Broker
The learning experience at league city
Welcome to MHP Owner’s Call with Joanne Stevens
Clayton Rd. Concord, CA AMERICAN REALTY
SEC Shea and Scottsdale Road 7231 E Shea Blvd.
The COMMONS of HAWTHORN WOODS 70 Landover Pkwy, Hawthorn Woods, IL
Call Today for More Details – Make an Appointment to See It!
13 Income Capitalization Approach
“Drinking from the Fire Hose Investment Basics from A to Z”
FOR SALE OR LEASE 3160 AUSTIN PEAY HWY
Santa Monica, California
Mobile Home Park FRONTIER HILLS MULETOWN ROAD SHASTA, CA 96087
© OnCourse Learning.
Affordable Realty Services, LLC
Restaurant Building FOR SALE OR LEASE
Hialeah Commerce center
2265 A Street, Santa Maria, CA Al Segal Senior Vice President
Northwest Office Center – 4334 NW Expressway
Fort Lauderdale Transformation!
Town Center at Remington Park
Investment Offering INVESTMENT HIGHLIGHTS
Oklahoma City, OK Turtle Creek Office Park
Town Center at Remington Park
FOR SALE: Fully Occupied Covina Strip Mall w/ Great Parking on 18,650 SF of Land N Azusa Ave Covina, CA PRICE: $1,995,000 TOTAL BUILING.
FOR SALE OFFICE WAREHOUSE Exclusive Offering Memorandum
3550 Lawrenceville Suwanee Rd., Suwanee, GA 30024
Presentation transcript:

EXCLUSIVE MULTI - FAMILY OFFERING The Queen of A Street 4 Mixed-Use Units Historical Queen Anne Victorian 411 A Street, Petaluma CA INVESTMENT HIGHLIGHTS 10 Minute Walking Distance from SMART Train Highly Sought After Petaluma Historical Downtown Location Great Unit-Mix, with Solid Rental History Strong Petaluma Rent Growth over the last 3 years Value-Add Opportunities, with Rental Upside 4 Parking Spaces, with Room for Off-Street Parking Potential 5.0% CAP in Petaluma Compelling Valuation and Attractive Financing Options One-of-a-Kind Mixed-Use Opportunity Offering Summary Price   $1,800,000 Down Payment 100% Number of Units 4 Price Per Unit $450,000 Price Per SqFt $429.18 Rentable SqFt 4,194 Lot Size 0.10 Acres Approx. Year Built 1906 Listed By: ERICH REICHENBACH Director National Multi Housing Group Tel: (415) 625-2146 Fax: (415) 963-3010 License: CA 01860626 Erich.Reichenbach@marcusmillichap.com www.marcusmillichap.com/ErichReichenbach CARLA PECORARO Investments Sales National Multi Housing Group Tel: (415) 625-2143 License: CA 02019669 Carla.Pecoraro@marcusmillichap.com www.marcusmillichap.com/CarlaPecoraro Returns   Current Year 1 CAP Rate 3.83% 5.01% GRM 16.57 13.82 Cash-on-Cash 4% NOI $69,028 $90,196 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap

411 A STREET PETALUMA, CA 94952 750 Battery Street Fifth Floor   Scheduled Potential # of Avg Sq Rental Average Monthly Unit Type Units Feet Range Rent Rent / SF Income 1 Bed 1 Bath 1 670 $1,850 - $1,850 $1,850 $2.76 $1,950 $2.91 2 Bed 1 Bath 820 $2,000 - $2,000 $2,000 $2.44 $2,300 $2.80 3 Bed 1 Bath (Regular) 1,538 $3,000 - $3,000 $3,000 $1.95 $3,300 $2.15 3 Bed 1 Bath (Loft) 1,166 $2,200 - $2,200 $2,200 $1.89 $2.83 Totals/Weighted Averages 4 1,049 $2,263 $2.16 $9,050 $2,713 $2.59 $10,850 Gross Annualized Rents $108,600 $130,200 Marcus & Millichap has been selected to exclusively market for sale the Queen of A Street, a historical Queen Anne Victorian Located at 411 A Street, Petaluma. This is a rare opportunity for an investor to own an excellent, well-maintained 4-unit mixed-use property, in one of Sonoma County’s strongest rental markets. This investment offers a great unit-mix in a fantastic location, with significant upside potential. The subject property is located at the junction of the Downtown/Webster/ Oakhill Brewster Historic Districts of Petaluma. A Street is a short walk from the Mystic Theatre, famous downtown, and the other well known amenities of the Petaluma area, including dozens of one-of-a-kind boutiques and galleries. The property consists of one, three story building, situated on one of the most desirable streets in Petaluma. There is 1, 1-Bedroom 1-Bath; 1, 2-Bedroom 1-Bath; and 2, 3-bedroom 1-baths. In addition, some amenities have been replaced throughout the property, all combining to lower ongoing maintenance for the property. This diverse location can also be used as a law office or retail for live-work friendly uses. The building has a total of 4,194 rentable square feet, with 4 parking spaces, and the option to tandem park additional cars off-street. There is a laundry room, as well as additional storage closets. Some units and common areas have been upgraded over the past several years. Petaluma provides a wonderful small-town, family-friendly environment, with great weather and events year-round. This historic Victorian property provides a fantastic selection of public and private schools, many outdoor activities to choose from, and great restaurants nearby. Petaluma is close to a major urban center which has a diverse economy and broad selection of corporate and non-corporate jobs. The downtown location offers some of the most sought after retail and office spaces within Sonoma County. Other benefits include privacy and the serenity of living and working in a high-end, mixed-use, Victorian, residential community, with quick access to SMART Train and Downtown Petaluma amenities. Income Current   Year 1 Gross Scheduled Rent $108,600 $130,200 Less: Vacancy/Deductions 2.0% $2,172 $2,604 Total Effective Rental Income $106,428 $127,596 Other Income $500 Effective Gross Income $106,928 $128,096 Less: Expenses 32.6% $34,900 27.2% Net Operating Income $72,028 $93,196 Cash Flow Debt Service $0 Net Cash Flow After Debt Service 4.00% 5.18% Principal Reduction Total Return Expenses Real Estate Taxes $22,500 Insurance $2,400 Utilities - Electric $2,300 Utilities - Water & Sewer $2,200 Trash Removal $1,900 Repairs & Maintenance $3,600 Total Expenses Expenses/Unit $8,725 Expenses/SF $8.32 750 Battery Street Fifth Floor San Francisco, CA 94111 Tel: (415) 963-3000 Fax: (415) 963-3010 marcusmillichap.com This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap