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Keegan & CoppinREAL ESTATE
O N C O R I N T E R N A T I O N A LCommercial Real Estate Services
KEEGAN & COPPIN COMPANY, INC.
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
Fully Leased Office Condo for SaleSonoma County Airport Area
Shawn Johnson, Managing Partner / SIORBrian Keegan, Senior Real Estate Advisor
1355 North Dutton Avenue • Santa Rosa, CA 95401(707) 528-1400 • Fax (707) 524-1423
[email protected] • Lic #:[email protected] • Lic #:01809537
O F F E R I N G M E M O R A N D U M
www.KeeganCoppin.com
Keegan & CoppinREAL ESTATE O N C O R I N T E R N A T I O N A L
Commercial Real Estate Services
KEEGAN & COPPIN COMPANY, INC.
TABLE OF CONTENTS
SECTION 1 PROPERTY OVERVIEWOffering SummaryInvestment HighlightsConstruction Summary
SECTION 2 FINANCIALSRent Roll - Annual Income & ExpensesTenant Overview
SECTION 3 FLOOR PLAN & PARCEL MAP Floor PlanParcel Map
SECTION 4 AREA OVERVIEWCity of Santa Rosa Economic ProfileArea Information - Location & Demographics, Economic Development, RecreationAerial Maps & Location Maps
SECTION 5 Sales ComparablesPhotographsDisclaimer
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
Shawn Johnson, Managing Partner / SIORBrian Keegan, Senior Real Estate [email protected] • Lic #:[email protected] • Lic #:01809537
3785 Brickway Blvd. #110Santa Rosa, CA PROPERTY OVERVIEW
OFFERING SUMMARY
PROPERTY TYPE Office Condominium Unit
ADDRESS3785 Brickway Blvd. #110Santa Rosa, CA 95403Sonoma County
PARCEL NUMBER 059-380-002
SQUARE FOOTAGE 3,513± Sq. Ft. - Single-Tenant
SITE AREA 0.08 acre
OFFERING PRICE $813,000
PRICE PER SQ. FT. $231.43± psf
CAPITALIZATION RATE 5.5%
2016 BASE RENT Dec. 1, 2016: $5,608.50 per month
LEASE TYPE Gross. Tenant pays Utilities & over base year operating expenses (cap at 3% annual)
LEASE EXPIRATION DATE November 2020
SINGLE TENANT Winebooking.com (dba Authentic Ireland travel agency)
YEAR BUILT 2006
PROPERTY IMPROVEMENTS 2015 Built out for current tenant
PARKING RATIO 4/1000 average ratio per building
ZONING MP Industrial Park
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
3785 Brickway Blvd. #110Santa Rosa, CA PROPERTY OVERVIEW
♦ Avion Place Condominium project located near the Charles
Schultz Sonoma County Regional Airport.
♦ A few blocks away from the new SMART train Airport depot.
♦ Easy access to the Hwy 101 corridor.
♦ Minutes from a golf course, fitness center and retail services.
INVESTMENT HIGHLIGHTS
♦ Single tenant gross leased investment to WineBooking.com LLC
dba Authentic Ireland travel agency.
♦ 5 year lease with a 5 year option to renew. Long term stable
cash flow.
♦ New improvements built in 2015. 2 private offices, conference
room and open work area.
♦ High quality building with extensive landscaping and glass line.
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
3785 Brickway Blvd. #110Santa Rosa, CA
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
TENANT OVERVIEW
WineBooking.com dba Authentic IrelandAuthentic Ireland is a well-respected travel company operating in two locations: our United States office in Santa Rosa, California as well as our Europe office in Dublin, Ireland. We currently reserve authentic, customized and affordable trips to Ireland, Scotland, England and Wales. We offer a range of exciting vacation packages, group tours, private chauffeur tours and more. Authentic Ireland is proud to be part of the Irish Welcome Tours group, one of Ireland’s oldest and most respected tour operators. Authentic Ireland is fully licensed and government bonded.
Each year, over 70,000 clients from around the world travel to Europe with Authentic Ireland. Because we have offices in both Ireland and the USA, a travel representative is almost always at your service, no matter what time zone you may be in. We have direct relationships with more than 600 hotels & visitor attractions throughout Ireland. We are always looking towards the cutting edge of innovative travel technology, such as our unique online client access account.
Authentic Ireland has been in business since 1989 and our staff of 65 will ensure that your upcoming vacation to Ireland will be handled professionally, and with superb customer care & support – before, during and after your trip.
Our Certifications
We are fully bonded and licensed by the Commission for Aviation Regulation in Ireland (License No. TA0725).
We are proud members of the Irish Tour Operators Association (IOTA), which is comprised of over 30 of Ireland’s premier inbound tour operators.
We have an A+ Rating as a Better Business Bureau Accredited Business.
We are SSL Certified, which makes sure all data sent to us remain private and secure.
3785 Brickway Blvd. #110Santa Rosa, CA FLOOR PLAN
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
FLOOR PLAN
AREA OVERVIEW
PARCEL MAP
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
3785 Brickway Blvd. #110Santa Rosa, CA
DEMOGRAPHICS 1 MILE 3 MILES 5 MILESEst. Population 1,910 32,540 88,551Est. Avg. Household Income $78,053 $81,250 $69,666
AREA OVERVIEW
AIRPORT AREA INFORMATION
AIRPORT BUSINESS CENTER ECONOMIC PROFILE
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
3785 Brickway Blvd. #110Santa Rosa, CA
The park has bountiful views of surrounding hills and Mount St. Helena. Large redwoods and mature oak trees are nestled throughout the park, and
over 50 acres of vineyards grace the entry. This is classic Sonoma wine country.
Business park amenities include:
The county’s finest Airport Health Club with regulation swimming pool, tennis courts, café, and extensive indoor training facilities
18 hole Windsor Golf Club with Charlie’s Grill restaurant, and adjacent Wyndham timeshare resort
Hilton Garden Inn with meeting and conference facilities
Airport Stadium 12 screen movie theaters
Restaurants and filling station at Vineyard Creek Retail Center, including Starbucks, Subway and Quiznos
232 unit Vineyard Creek Apartment complex
Minutes to fine dining, including John Ash, Willi’s Wine Bar, Ume, Odyssey, Langley’s, & Mirepoix.
The Airport Business Center is about five miles north of downtown Santa Rosa with direct access from the recently expanded U.S. Highway 101 via
Airport Boulevard, or Shiloh Road.
AREA OVERVIEW
AREA INFORMATION
CITY OF SANTA ROSA ECONOMIC PROFILE
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
3785 Brickway Blvd. #110Santa Rosa, CA
Santa Rosa, California is the county seat of Sonoma County. It is the largest city in the North Bay Area and all of California’s Wine Country. The
city of Santa Rosa is the North Bay’s premier location and as a business and service hub, Santa Rosa is the economic engine that drives the region.
As the largest city between Portland and San Francisco, Santa Rosa serves a four county region as the hub for technology and entrepreneurial
businesses, retail, banking and employment. Santa Rosa has a dynamic and well-balanced economy, anchored by strengths in tourism, high-tech
manufacturing and retail. Residents enjoy a superb quality of life while employers benefit from a skilled workforce. Santa Rosans have a deep
appreciation for the arts, education, conscientious business development and quality living.
The city of Santa Rosa is conveniently located just 55 miles north of San Francisco via the Golden Gate Bridge. Santa Rosa is a main shopping hub
for the surrounding neighborhoods near or along the 101 corridor, such as Petaluma, Rohnert Park, Windsor, Sonoma, Healdsburg, and Sebastopol.
Santa Rosa has several prominent shopping districts, including Downtown, Santa Rosa Avenue, and Montgomery Village, offering a variety of general
retail, boutique shops, dining, and entertainment. There are two regional shopping malls, Coddingtown Mall and Santa Rosa Plaza.
AREA OVERVIEW
AREA INFORMATION
LOCATION AND DEMOGRAPHICS
Home to approx. 500,000 people, Sonoma County is a prime location for tourism as well as residence. Just thirty-five miles from the San Francisco Bay Area, there are nine incorporated cities in the county, in addition to seventeen unincorporated areas. The city of Santa Rosa is the most populous area, home to approximately one-third of the county’s population and was recently named as one of the nation’s “most livable communities” by Partners for Livable Communities.
ECONOMIC DEVELOPMENT
Sonoma County’s unemployment rate is one of the lowest in California and the county continues to show long-term job growth in the health care, hospitality and business service sectors. For the leisure and hospitality sector. Educational and health services, which includes trade schools, social workers and health care professionals, has seen employment growth improve on a year-over-year basis. And business and professional services jobs have increased from a year earlier. In addition, new housing continues to increase throughout the county, while job growth and taxable sales also continue to rise.
RECREATION
Sonoma County is renowned for its outstanding wineries, breathtaking vistas of the Pacific Ocean, rolling hills, and friendly atmosphere. The landscape is perfect for spending a day at one of the many spas or wine tasting rooms, mountain biking the various trails and country roads, or kayaking down the majestic rivers. The area is also know for its exquisite cuisine, much of which is cultivated in the orchards, gardens, and fields of Sonoma County.
Whether you are looking for a relaxing weekend getaway, or you feel like exploring the outdoors, Sonoma County has something for everyone. Located in the heartland of Wine Country, Sonoma County has more than 370 local wineries. There is a wide array of guided tours which explore the county’s culture and history, and offer tastings of the finest wines in the country. When the sun sets, you can continue your relaxing stay at one of the finer resorts in the area. From day spas to beautiful golf courses, Sonoma County has become synonymous with the elegant and relaxing getaway.
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
3785 Brickway Blvd. #110Santa Rosa, CA
AREA OVERVIEW
AERIAL MAP
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
3785 Brickway Blvd. #110Santa Rosa, CA
AREA OVERVIEW
Bay Area Map Sonoma County Map
3875 Brickway Blvd. Santa Rosa, CA
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
3785 Brickway Blvd. #110Santa Rosa, CA
3875 Brickway Blvd. Santa Rosa, CA
COMPARABLES
Address Sale Price Building Size Price/Sq. Ft. Sale Date
1. 1605 4th St. Santa Rosa, CA $450,000 1,880± sf $239.36 February
2015
2. 608 College Ave. Santa Rosa, CA $392,000 1,464± sf $267.76 March
2015
3. 838 4th St. & 839 3rd St. Santa Rosa, CA
$800,0006% cap 2,665± sf $300.19 March
2015
4. 4841-4845 Old Redwood Hwy Santa Rosa, CA $2,000,000 8,600± sf $232.56 May
2015
5. 6876 Sebastopol Ave Sebastopol, CA
$740,0005.7% cap 2,950± sf $250.85 May
2015
6. 1335 N. Dutton Ave Santa Rosa, CA $700,000 2,794± sf $250.54 July
2015
7. 612 Petaluma Ave Sebastopol, CA $700,000 1,802± sf $388,46 October
2015
8. 170 Sotoyome St. Santa Rosa, CA $1,149,027 3,538± sf $324.77 November
2015
9. 185 Sotoyome St. Santa Rosa, CA $1,610,073 3,933± sf $409.38 November
2015
10. 410 Petaluma Blvd. Petaluma, CA
$685,0005.4% cap 3,736± sf $183.35 April
2014
11. 1400 N. Dutton Ave. Santa Rosa, CA $435,000 2,023± sf $2115.03 October
2014
12. 1311 W. Steele Ln. Santa Rosa, CA $770,000 2,733± sf $281.74 December
2014
CLOSED SALES COMPARABLES
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
3785 Brickway Blvd. #110Santa Rosa, CA
1400 N. Dutton Ave., Santa Rosa, CA
4841-4845 Old Redwood Hwy, Santa Rosa, CA
Disclaimer
This property is being offered on an as-is basis. While the Broker believes the information in this brochure to be accurate, no war-ranty or representation is made as to its accuracy or completeness. Interested parties should conduct independent investigations and reach conclusions without reliance on materials contained in this brochure.
This property owner requests that you do not disturb the Tenant, as the property will only be shown in coordination with the Listing Agent.
This brochure is presented under the terms and conditions of the Confidentiality Agreement. As such, the material contained in this brochure is confidential and is provided solely for the purpose of considering the purchase of the property described herein. Offers should be presented to the agents for the property owner, Shawn Johnson & Brian Keegan of Keegan & Coppin Company, Inc. Pro-spective buyers are encouraged to provide buyers background, source of funds and any other information that would indicate their ability to complete the transaction smoothly.
Brian KeeganSenior Real Estate Advisor
BRE #01809537
(707) 528-1400 ext. 249
Email:[email protected]
KEEGAN & COPPIN COMPANY, INC.ONCOR International
1355 North Dutton Avenue Santa Rosa, CA 95401(707) 528-1400 Fax: (707) 524-1423
www.KeeganCoppin.com
3785 Brickway Blvd. #110Santa Rosa, CA
Keegan & Coppin Company, Inc. - Listing Broker. 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. Maps provided by Google Inc. & Microsoft Corp., respectively.
Shawn JohnsonManaging Partner / SIOR
BRE #00835502
(707) 528-1400 ext. 238
Email:[email protected]
Exclusively Presented By:
