2361 Northgate SALE · E GAT H NORT D V BL \ 5 0 110 E GAT H NORT D V BL. pln:5/5/11REV.DATE APP'D BY. DRN BY: FN. A DATE C-25404 E A T E OF C S T O R N L I F I A N S E D C E I L

$Page 1: 2361 Northgate SALE · E GAT H NORT D V BL \ 5 0 110 E GAT H NORT D V BL. pln:5/5/11REV.DATE APP'D BY. DRN BY: FN. A DATE C-25404 E A T E OF C S T O R N L I F I A N S E D C E I L$
FOR SALE Fully Leased Investment Property 2357 - 2411 Northgate Blvd

Sacramento, CA 95833

±29,878 SF Building | Offered at $4,480,000 Investment Opportunity Offered at 7.00% CAP

Nate Giwoff (916)524-6097 [email protected] DRE#01711295

Bob Shahlaie (916) 708-5977 [email protected] DRE# 01441761

10018 Fair Oaks Blvd | Fair Oaks, CA 95628 O - 916.678.0880 F - 916.880.5566

BUILDING ±29,878 SF

ADDRESS2357 - 2411 Northgate Blvd

Sacramento, CA 95833

OFFERING PRICE$4,480,000

PRICE PER SQUARE FOOT±$150 PSF

NOI$313,750.00

YEAR BUILT1969 (Remodeled 2012)

NET RENTABLE AREA±29,878 SF

CAP RATE 7.00%

PARCEL NUMBER/COUNTY274-0110-052-0000

PARCEL SIZE±2.93 Acres

NEARBY TENANTS 99 Cents Only Stores, One Stop Furniture, Baskin Robbins and H&R Block, Metro by T-Mobile and Pizza

Hut…

Property Description

This Shopping Center is located in a highly visible location off of Northgate Blvd. in a very densely populated residential area. Northgate Blvd. connects Interstate 80 to the Garden Highway. Tenants include; Harbor Freight Tools, Kiki’s Chicken and Lola’s Laundry. Near by tenants include 99 Cents Store, One Stop Furniture, Metro by T-Mobile, Pizza Hut, Baskin-Robbins and H&R Block. This property includes one monument sign on Northgate Blvd and a large shared parking lot.

The Offering

2357 - 2411 Northgate Blvd. is offered at $4,480,000. Consists

of ±23,878 SF Retail Shopping Center. The existing building

has a projected (with new taxes) NOI of $313,750.00 yearly.

The property offers a strong tenant mix. It also offers synergy

and stability. Five out of the Seven tenants have occupied the

building for more than 5 years while the oldest tenant has been

in the center for over 19 years.

2357 - 2411 Northgate Blvd | Sacramento, CA 95833

INFORMATION

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5/5/11 REV. DATEDATE:

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RENEWAL

7940 California Avenue, Suite 4Fair Oaks, California 95628(916) 863-6470Fax (916) 966-3948

ArchitectSigerson Architects

Saxon Sigerson AIA

These drawings are instruments of service andare the property of Sigerson Architects. They are

and other information on the drawings are for useon the specified project and shall not be usedotherwise without the express written permissionof Sigerson Architects.

protected by common law copyrights. All designs

/

SSS

9/30/11

[email protected]

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289'-8"

10

9'-

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13

'-6

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1,646 sq ft862 sq ft4,705 sq ft4,050 sq ft2,376 sq ft2,881 sq ft4,137 sq ft6,051 sq ft2,913 sq ft

CONCRETEWALL

CONCRETEWALL

CONCRETEWALL

CONCRETEWALL

CONCRETEWALL

EXIST. 99CENTONLYSTORE

EXIST.FURN.STORE

A B C D E F G H I

SCALE: 1/16" = 1'-0"FIRST FLOOR

E

Laundry

F

Kiki’s Rest

G

Thrift

H

Cell

I Nail Hair

C

Harbor Freight

NAPNAP

Northgate Blvd


SITEPLAN

A

Discoteca


TENANT BIO

Discoteca One of our longest running tenants 19 years and counting. Just signed a new five (5) year lease. They specialize in utility payment center, package and shipping, wire transfers and Travel Agency all catered to the Hispanic Market.

Harbor Freight Harbor Freight Tools is a privately held discount tool and equipment retailer, headquartered in Calabasas, California, which operates a chain of retail stores as well as a mail-order and eCommerce business. The company has over 900 stores in 47 states. The company employs over 17,000 people in the U.S.

Lola’s Laundry The current owner bought the business and is extremely successful. Over $550,000 in Tenant improvements.

Kiki’s Chicken The Kiki’s Chicken is one of 6 currently owned and operated by our current tenant. This location is one of their highest grossing locations current rental rate is far below market. Option rent is at Market rate.

Thrift Store This site has been operated as Thrift for over seven (7) years. This site is also an ideal option for upside currently month to month and below market rent.

Cricket Wireless Cricket Wireless LLC is a prepaid wireless service provider in the United States, a wholly owned subsidiary of AT&T Inc. It offers mobile voice, text, and data using parent AT&T's nationwide network. Cricket Wireless was founded in 1999 by Leap Wireless International, Inc.

Nail/Hair The Been in the center longer than 10 years just signed a new 5 year lease.


EXPENSE ANALYSIS

Taxes based on new sales price**


RENT ROLL


TAX MAP

300ft

N

➤➤

N

DataSIO,NOAA,U.S.Navy,NGA,GEBCO



DataLDEO-Columbia,NSF,NOAA



Northgate Blvd ±18,967 ADT

Cleveland Ave

W El Cam

ino Ave

Garden Highway

Documents

2361 Northgate SALE · E GAT H NORT D V BL \ 5 0 110 E GAT H NORT D V BL. pln:5/5/11REV.DATE APP'D BY. DRN BY: FN. A DATE C-25404 E A T E OF C S T O R N L I F I A N S E D C E I L