4411-4425 FOOTHILL BLVD. OAKLAND, CA 94601...Janitorial (2016 Actual) $5,400 Oakland Business Tax (% of EGI) 1.40% $4,301 Oakland Rent Board Fee ($68 per unit) $612 Total Expenses

www.theprescottcompany.com

4411-4425 FOOTHILL BLVD.

OAKLAND, CA 94601

Price: $4,500,000

Nolan Jones Broker | Real Estate Services

510.398.1622

[email protected]#01509417

4411-4425 FOOTHILL BLVD., OAKLAND, CA 94601

The information contained in this marketing brochure (“Materials”) is proprietary and confidential. It is

intended to be reviewed only by the person or entity receiving it from The Prescott Company (“Agent”).

The Materials are intended to be used for the sole purpose of preliminary evaluation of the subject

property (“Property”) for potential purchase.

The Materials have been prepared to provide unverified summary financial, physical, and market

information to prospective buyers to enable them to establish a preliminary level of interest in potential

purchase of the Property. The Materials are not to be considered fact. The information contained in the

Materials is not a substitute for thorough investigation of the financial, physical, and market conditions

relating to the Property.

The information contained in the Materials has been obtained by Agent from sources believed to be

reliable, however, no representation or warranty is made regarding the accuracy or completeness of the

Materials. Agent makes no representation or warranty regarding the Property, including but not limited to

income, expenses, or financial performance (past, present, or future); size, square footage, condition, or

quality of the land and improvements; presence or absence of contaminating substances (PCB’s, asbestos,

mold, etc.); Compliance with laws and regulations (local, state, and federal); or, financial condition or

business prospects of any tenant (tenant’s intentions regarding continued occupancy, payment of rent,

etc). Any prospective buyer must independently investigate and verify all of the information set forth in the

Materials. Any prospective buyer is solely responsible for any and all costs and expenses incurred in

reviewing the Materials and/ or investigating and evaluating the Property.

By receiving the Materials you are agreeing to the Confidentiality and Disclaimer set forth herein.

All Property showings are by appointment only and must be coordinated through the Agent.

confidentiality & disclaimer


table of contents

property overview 4property narrative 4

property summary 4

property photos 5

location overview 8regional and local map 8

local context 9

parcel map 10

operating summary 11financial overview 11

rent roll 12

rent roll with terms 12

pricing 13

property overview


APN 035-2402-008-01

Property Type Strip Commercial Center

Year Built 2005

Units 9 (Commercial Units)

Stories 1.00

Gross Rentable SF ± 9,518 SF

Parcel Size ± 20,000 SF

Parking Parking Lot

Occupancy Rate 100%

property summary

property narrative

The High Street Plaza offers the opportunity to purchase a turnkey, low expense, 9,518 square-

foot shopping center in a highly visible and trafficked Oakland, CA location.

Built in 2005, the subject property sits on a 20,000 square-foot lot and features nine (9) tenants

including a Subway and China Express. The subject property is currently anchored by High Street

Laundry, which occupies approximately 2,400 square-feet. Located only a half mile from the 880

Freeway, less than a mile from the 580 Freeway, and with frontage on High Street, which is the

main thoroughfare between the two freeways, 4411-4425 Foothill Blvd. is one of the best

positioned neighborhood centers in the surrounding area.


property overview

exterior photos


property overview

exterior photos


property overview

exterior photos


location overview

PROPERTY

regional and local maps

PROPERTY


location overview

local context map

PROPERTY

PROPERTY


location overview

PROPERTY

parcel map


operating summary

financial overviewLOCATION ANNUALIZED OPERATING DATA

4411-4425 Foothill Blvd.

Oakland, CA 94601

CURRENT INCOME CURRENT

Price $4,500,000 Gross Potential Rent $266,149

Down Payment 35% $1,575,000 Other Income (CAM Estimated With New Property Tax) $49,045

Number of Units 9 Gross Potential Income $315,194

Price/Unit $500,000 Less: Vacancy/Deductions (GPR) 3.00% $7,984

Rentable Square Feet 9,518 Effective Gross Income $307,209

Price/SF $472.79 Less: Expenses $94,818

Cap Rate - Current 4.72% Net Operating Income $212,392

GRM - Current 16.91 Debt Service $177,847

Year Built 2005 Net Cash Flow After Debt Service 2.19% $34,545

Lot Size 20,000 Principal Reduction $47,187

Total Return 5.19% $81,732

FINANCING* EXPENSES

Real Estate Taxes 1.3508% $60,786

FIRST TRUST DEED Special Assessments $2,765

Loan Amount $2,925,000 PG&E (Tenants) $0

Interest Rate 4.50% Garbage (2016 Actual) $15,624

Amortization (years) 30 Water (2016 Actual) $158

Insurance (2016 Actual) $5,172

Janitorial (2016 Actual) $5,400

Oakland Business Tax (% of EGI) 1.40% $4,301

Oakland Rent Board Fee ($68 per unit) $612

Total Expenses $94,818

Expenses / Unit $10,535

Expenses / SF $9.96

30.86%Expenses % of EGI

*Loan information is time sensitive and subject to change.

Please contact a Prescott Company representative for up-to-date information.


rent roll

operating summary

rent roll with terms

UNIT NO. Suite Tenant Unit SF

Monthly Rent

(Scheduled)

Rent per

SF Occupancy

1760 High St. 1760 High Street Laundry (CAM $1,080) 2,400 $6,906.00 $2.88 Y

4411 Foothill Blvd. 4411 World Wireless (CAM $385) 800 $3,006.57 $3.76 Y

4413 Foothill Blvd. 4413 Progreso (CAM $380.24) 776 $1,591.35 $2.05 Y

4415 Foothill Blvd. 4415 Subway RE LLC (CAM $520) 1,260 $2,080.80 $1.65 Y

4417 Foothill Blvd. 4417 Handz Natural Hair 604 $1,500.00 $2.48 Y

4419 Foothill Blvd. 4419 Confianza Insurance 560 $1,545.00 $2.76 Y

4421 Foothill Blvd. 4421 Ramiro Gift Shop 800 $1,500.00 $1.88 Y

4423 Foothill Blvd. 4423 Hair Salon 800 $1,700.00 $2.13 Y

4425 Foothill Blvd. 4425 China Express (CAM $750) 1,518 $2,349.36 $1.55 Y

0 $0.00 0

9,518 $22,179.08 9

9,518 $22,179.08 9

TOTAL OCCUPIED

TOTAL VACANT

TOTAL

UNIT NO. Suite Lease Terms

Term Start

Date

Monthly Rent

(Current) CAM

1760 High St. 1760 5 yr-2.5% inc.+1x5 yr option 4/23/2017 $6,906.00 $1,080.00

4411 Foothill Blvd. 4411 option: 4/1/17-3/31/20, 5% annual increase 4/1/2017 $3,006.57 $385.00

4413 Foothill Blvd. 4413 5 yr lease + 2x5 yr option 5/2/2015 $1,591.35 $380.24


4417 Foothill Blvd. 4417 5 yr lease 4/1/2017 $1,500.00

4419 Foothill Blvd. 4419 3 yr lease + 1x3 yr option 5/15/2016 $1,545.00




$0

$22,179.08

$22,179.08

TOTAL OCCUPIED

TOTAL

TOTAL VACANT


pricing

operating summary

LIST PRICE

Price $4,500,000

Down Payment 35% $1,575,000

First Trust Deed/Mortgage $2,925,000

Interest Rate/Amortization 4.50%

Net Operating Income $212,392

CASH FLOW ANALYSIS

Debt Service $177,847

Debt Coverage Ratio 1.19

Net Cash Flow After Debt Service $34,545

Cash on Cash Return % 2.19%

Principal Reduction $47,187

Total Return $81,732

Total Return % 5.19%

VALUE INDICATORS

CAP Rate 4.72%

GRM 16.91

Price / Unit $500,000

Price / SF $472.79

We strive to build high quality relationships, generated through honest communication,

tireless work ethic, and by providing clients with overall excellent service and flawless

execution. The priority of The Prescott Company is to achieve the absolute best price and

terms for our client’s real estate, meet or exceed our client’s needs and to continue to

conduct repeat business for years to come.

We believe that the core of our company stems largely from the culture that we have

created through the values that we practice.

▪ Integrity

▪ Humility

▪ Accessibility

▪ Dynamic

▪ Tireless Work Ethic

▪ Enjoyable Work Environment

▪ Relationship Driven And Not Commission Driven

www.theprescottcompany.com

Documents

4411-4425 FOOTHILL BLVD. OAKLAND, CA 94601...Janitorial (2016 Actual) $5,400 Oakland Business Tax (% of EGI) 1.40% $4,301 Oakland Rent Board Fee ($68 per unit) $612 Total Expenses