OFFERING MEMORANDUM - LoopNet · nearby San Francisco Bay Area, Sacramento is seismically quiet. The area contains nearly 2.3 million people. Sacramento, home of the state capitol,

10390 COLOMA ROADRancho Cordova, CA 95670

OFFERING MEMORANDUM

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N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap andshould not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverifiedinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough duediligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, thefuture projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's orasbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or anytenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to bereliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding thesematters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures toverify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo orname is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

10390 Coloma RoadRancho Cordova, CAACT ID Z0030191

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OFFERING SUMMARY

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10390 COLOMA ROAD

EXECUTIVE SUMMARY

Asking Price $2,150,000

Price per Gross SF $121.05

Current Occupancy 67.97%

Gross Building SF 17,760 SF (per title records)

Terms Seller Financing Available up to 80% LTV for strong, qualified buyers

PROPERTY SUMMARY

Property Type Medical / Professional Office

Year Built 1982

Assessor Parcel Number 057-0020-035

Zoning OPMU (Office Professional Mixed-Use)

Usable SF 15,185 SF (Per Rent Roll)

Lot Size 1.04 Acres

Number of Floors Two

Number of Suites Six

Elevators Yes

Restrooms Located on First and Second Floors

Roof Type Flat

HVAC Individual Package Units

Construction Wood Frame

Parking Approximately 4 per 1,000 SF (on-site, plus reciprocal parking)

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OFFERING SUMMARY

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10390 COLOMA ROAD

Asking Price $2,150,000Price PSF $121.06Cap Rate - Current / Pro Form a 5.01% 7.64%

Current Pro Form a

INCOME Current Pro Form aCurrently Occupied Space (67.97% / 10,322 USF) 184,268 184,268 Currently Vacant Space (32.03% / 4,863 USF) - $78,781

GROSS SCHEDULED / POTENTIAL RENT 184,268 263,048 Less Vacancy / Collection Allowance (Actual / 5%) Actual (32.03%) (13,590) Plus Other Income - Waste Management Reimbursement 18,461 18,461 EFFECTIVE GROSS INCOME 202,729 267,919

EXPENSESManagement Fee (4.5%) 9,123 12,056 Real Property Taxes (1.1713% of $2,150,000 + $650.64) 25,834 25,834 Alarm/Security 1,800 1,800 Carpet Cleaning 400 400 Building Easement 2,380 2,380 Elevator License and Service 2,043 2,043 Fire Extinguishers Budget 200 200 Glass Maintenance Budget 400 400 HVAC Maintenance 2,430 2,430 Building Insurance 7,289 7,289 Janitorial Service 9,728 15,320 Landscaping 1,900 1,900 Pest Control Service 722 722 Plumbing, Electrical, Building Repairs, Locksmith 4,112 4,112 Roof Maintenance Budget 2,000 2,000 Building Supplies 1,922 1,922 Waste Management 9,789 9,789 Electricity 5,497 5,497 Water 2,406 2,406 Other Utilities 5,098 5,098

TOTAL EXPENSES 95,072 103,598

NET OPERATING INCOME $107,656 $164,321

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RENT ROLL

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10390 COLOMA ROAD

[1] River City Medical Group is one of the largest Medi-Cal IPAs in Northern California with over 1,600 network physicians and 600 provider clinic locations. The tenant has been at the property since 2010 and has extended their lease and expanded into an adjacent space over time.

[2] Radiant Health is a wellness center formed by multiple practitioners practicing at the property.

[3] Cohen LMFT is a licensed marriage family therapist specializing in trauma, depression and anxiety, and addiction and alcoholism recovery.

[4] The Physical Therapy Clinics is the Rancho Cordova office of Performance Physical Therapy group of clinics with four locations throughout the Sacramento region.

RENT ROLL AS OF SEPTEMBER 1, 2018

Tenant NameUsable

SqFt% of

SpaceLease

CommencedLease

ExpiresMonthly

RentRentPSF

Rental Increases

Options to Renew

River City Medical Group 3,469 22.84% 2/16/2010 3/31/2023 $6,418 $1.85 None 1, 4-year

Radiant Health 2,000 13.17% 7/2/2015 6/30/2019 $2,100 $1.05 None None

Cohen LMFT 925 6.09% 8/1/2017 7/31/2019 $1,575 $1.70 5%, annually 1, 1-year

The Physical Therapy Clinics 3,928 25.87% 3/15/2016 3/14/2021 $5,263 $1.34 3%, annually 1, 5-year

Vacant #1 (former counseling office) 650 4.28% - - $878 $1.35 - -

Vacant #2 (former dental office) 4,213 27.74% - - $5,688 $1.35 - -

Currently Occupied 10,322 67.97% $8,938

Currently Vacant 4,863 32.03% $6,565

COMBINED TOTAL 15,185 100.00% $15,503

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INVESTMENT OVERVIEW

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10390 COLOMA ROAD

The property is a two-story medical/professional office building located in the city of Rancho Cordova, California. The building is currently 67.97 percent leased to four medical tenants, providing for an excellent value-add opportunity for an investor or an owner-user.

The property was fully-leased until a dental practice occupying two suites on the ground floor with a combined total of 4,213-square feet moved out of their space in the summer of 2018. The space is easily divisible into two and would make for an excellent location for another dental office, medical practice, or professional uses. Additionally, there is a small vacancy of approximately 650-square feet (formerly a counseling office) available on the second floor of the property.

The property is located at a three-way signalized intersection of Coloma Road and Chase Drive in the city of Rancho Cordova, California. The office building is one of the only professional building opportunities for tenants seeking to serve the large residential communities in the immediate area. The Seller has spent considerable money to upgrade the property, including updating the siding, gutters, and the second floor common areas.

10390 Coloma Road provides a rare chance to acquire an easy-to-manage office building for an investor seeking value-add opportunities with in-place cashflow offered far below replacement cost (estimated at $225 PSF), or an excellent opportunity for an owner-user seeking to occupy up to 4,213-square feet of space and receive additional income from other tenants leasing space at the property. Additionally, the Seller is willing to extend financing of up to 80% Loan-to-Value for a strong qualified buyer.

• 17,760-Square Foot Two-Story Office Building

• 67.97 Percent Leased to Four Strong Tenants

• Two Vacancies of 4,213 (Divisible) and 650-Square Feet

• Seller Willing to Finance for Strong Qualified Buyers

• Recently Renovated Second Floor Common Areas

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PLAT MAP

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10390 COLOMA ROAD

AERIAL PHOTO

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10390 COLOMA ROAD

REGIONAL MAP

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10390 COLOMA ROAD

LOCAL MAP

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MARKET

COMPARABLES

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10390 COLOMA ROAD

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SubjectProperty

10680White Rock

2399American

River

4378Auburn

1110Corporate

1120Corporate

12344Fair Oaks

610Fulton

1515River Park

PROPERTY NAME

SALES COMPARABLES

Average Price Per Square Foot

SALES COMPARABLES SALES COMPS AVG

10390 COLOMA ROAD

PROPERTY NAME

MARKETING TEAMSALES COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1


rentpropertyname1


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SALES COMPARABLES

SUBJECT PROPERTY

10390 COLOMA ROADRancho Cordova, CA, 95670

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Close of Escrow 2/28/2018

Sales Price $2,450,000

Rentable SF 13,900

Price/SF $176.26

CAP Rate 7.26%

Year Built 1989

Occupancy 88%

Parking Ratio 4.00

10680 WHITE ROCK 10680 White Rock Rd, Rancho Cordova, CA, 95670

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Rentable SF 8,700

Price/SF $193.68

Year Built 1971

Occupancy 100%

Parking Ratio 2.09

2399 AMERICAN RIVER 2399 American River Dr, Sacramento, CA, 95825

10390 COLOMA ROAD

PROPERTY NAME


rentpropertyname1


rentpropertyname1


rentpropertyname1


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SALES COMPARABLES

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Rentable SF 8,750

Price/SF $170.29

Year Built 1995

4378 AUBURN4378 Auburn Blvd, Sacramento, CA, 95841

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Rentable SF 6,274

Price/SF $175.33

Year Built 2006

Occupancy 64%

1110 CORPORATE 1110 Corporate Way, Sacramento, CA, 95831

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Rentable SF 6,274

Price/SF $165.00

Year Built 2006

1120 CORPORATE1120 Corporate Way, Sacramento, CA, 95831

10390 COLOMA ROAD

PROPERTY NAME


rentpropertyname1


rentpropertyname1


rentpropertyname1


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SALES COMPARABLES

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Rentable SF 9,104

Price/SF $164.76

Year Built 1979

Occupancy 100%

12344 FAIR OAKS12344 Fair Oaks Blvd, Fair Oaks, CA, 95628

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Rentable SF 5,100

Price/SF $198.53

Year Built 1940

Parking Ratio 4.97

610 FULTON610 Fulton Ave, Sacramento, CA, 95825

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Rentable SF 31,984

Price/SF $159.29

CAP Rate 6.25%

Year Built 1980

Occupancy 83%

1515 RIVER PARK 1515 River Park Dr, Sacramento, CA, 95815

10390 COLOMA ROAD

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MARKET

OVERVIEW

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10390 COLOMA ROAD

MARKET OVERVIEW

SACRAMENTOOVERVIEW

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The Sacramento-Roseville-Arden-Arcade metro is composed of fourcounties: Sacramento, El Dorado, Placer and Yolo, located in themiddle of the 400-mile-long Central Valley of California. Unlike thenearby San Francisco Bay Area, Sacramento is seismically quiet. Thearea contains nearly 2.3 million people.

Sacramento, home of the state capitol, is the most populous city, withapproximately 501,000 residents, followed by Elk Grove and Rosevillewith 164,400 and 130,400, respectively. During the next five years, amore affordable cost of living and infill redevelopment projects willhelp draw businesses and residents to the area.

MARKET OVERVIEW

METRO HIGHLIGHTS

SOLID JOB CREATIONLower costs than nearby metros attract businesses and drive job creation above the U.S. level. Many commuters into the Bay Area also reside in the area.

POPULATION GROWTHEmployment opportunities and redevelopment efforts will contribute to pushing Sacramento’s population growth above the national average.

LOW COST OF LIVINGSacramento’s median home price is more affordable than many other California metros.

10390 COLOMA ROAD

MARKET OVERVIEW

ECONOMY Sacramento is home to the state capitol, making the government sector important to the

region’s economy, though less so than in the past as the economy diversifies. Sacramento’s seismic stability and low business costs compared with the region attract

major corporations seeking to establish operations. Among these are Intel Corp., Apple Computer and Siemens Transportation Systems.

DHL and United Parcel Service use the former Mather Air Force Base to ship freight. The former McClellan Air Force Base is now an industrial park and includes tenants such as Northrop Grumman and J.C. Penney.

SHARE OF 2017 TOTAL EMPLOYMENT

MAJOR AREA EMPLOYERS

California State University Sacramento

Sutter Health

Kaiser Permanente

Raley’s Inc.

Intel Corp.

Catholic Healthcare West

University of California Davis

UC Davis Health System

Hewlett-Packard Co.

Target Corp.* Forecast

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MANUFACTURING4%

GOVERNMENT

HEALTH SERVICESEDUCATION AND

+OTHER SERVICES

3%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

16%AND UTILITIES

TRADE, TRANSPORTATION CONSTRUCTION

PROFESSIONAL ANDBUSINESS SERVICES

1%INFORMATION

14%

6%

24% 11% 5%

16%

10390 COLOMA ROAD

MARKET OVERVIEW

DEMOGRAPHICS

SPORTS

EDUCATION

ARTS & ENTERTAINMENT

The metro is expected to add nearly 154,000 people over the next five years, resulting in the formation of nearly 71,000 households.

A median home price well above the national median has produced a homeownership rate of 59 percent, compared with the national rate of 64 percent.

Among residents age 25 and older, 31 percent hold bachelor’s degrees and 11 percent also have a graduate or professional degree.

Residents and visitors to Sacramento can enjoy many recreational activities. The region is

home to professional sports teams such as the Kings (NBA), Sirens (IWFL) and the River

Cats. A short drive from the city leads to some of the world’s finest wine-producing

regions: the Napa, Sonoma and Alexander valleys. The area offers various cultural

opportunities including the ballet, opera, museums, a zoo and music festivals. In addition

to four community colleges, there are two universities located in the region: California State

University, Sacramento, and University of California, Davis. Housing is relatively affordable

in the Sacramento region compared with the nearby San Francisco Bay Area, drawing

many residents.

QUALITY OF LIFE

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2017 Population by Age

0-4 YEARS

6%5-19 YEARS

20%20-24 YEARS

7%25-44 YEARS

27%45-64 YEARS

26%65+ YEARS

14%

* Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

37.22017

MEDIAN AGE:

U.S. Median:

37.8

$63,900 2017 MEDIAN

HOUSEHOLD INCOME:

U.S. Median:

$56,300

2.3M2017

POPULATION:

Growth2017-2022*:

6.6%

841K2017

HOUSEHOLDS:

8.4%

Growth2017-2022*:

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Prolonged period of vacancy compression persists. Spanning the past four years, just500,000 square feet of office space was delivered in Sacramento, allowing vacancyto compress by 460 basis points amid an underwhelming rate of office-using jobcreation. Availability in both Sacramento County and the Highway 50 Corridor, themetro’s largest submarkets, has been reduced to 10-year-low levels, with availablespace in high demand throughout downtown Sacramento, Natomas, RanchoCordova and Folsom. In 2018, employment in traditionally office-using fields turnspositive following a negative year for overall hiring. The sector’s ability to reboundwhile traditional office construction remains limited allows overall vacancy to tightenfor an eighth straight year.

Healthcare sector fuels construction activity. While market conditions warrant newdevelopment, the bulk of office space underway is medical-oriented. ProviderAdventist Health will occupy a new 242,000-square-foot campus in Roseville thisyear, with Kaiser Permanente filling a nearby 194,000-square-foot building in 2019.Dignity Health Medical Foundation represents an additional group that will occupynew digs next year. Sparse traditional office deliveries should spark proposals inNatomas and other locales with collections of business parks and developable lots.

Office-Using Sector Rebounds;Pockets Of New Supply Fuel Tenant Demand

SACRAMENTO METRO AREA

* Cap rates trailing 12 months through 1Q18; 10-Year Treasury up to March 29, 2018Sources: CoStar Group, Inc.; Real Capital Analytics

Investment Trends

Office 2018 Outlook

472,000sq. ft. will be

completed

1.4% increase in

asking rents

60 basis point

decrease in vacancy

Construction:

Rents:

Vacancy:

Development reaches its highest point thiscycle. Adventist Health’s headquarters inRose-ville accounts for half of this year’snew supply.

The average asking rent inches up to $22.64per square foot after recording a 2.2 percentadvance in the previous year.

Strong pre-leasing and steady tenantdemand support a second consecutive yearof stout absorption, trimming vacancy to acycle-low 12.3 percent.

• Sales volume totaled $1.1 billion for a second straight 12-month period, yetthe number of transactions in Sacramento dipped by nearly a third on a year-over-year basis, an indication property values are increasing. Buyers’willingness to pay higher price tags stems from their ability to capture upsidewhile average rent notably trails the previous cycle and traditional officeconstruction remains limited.

• Deal flow in the city of Sacramento is driven by two submarkets that housediffering property types. Downtown draws investors targeting smaller ClassC buildings in the sub-$5 million price tranche, while Bay Area investors aredrawn to Natomas/Northgate and its inventory of well-leased Class A assets.

• Buyers with an eye for Class B properties are forced to the suburban cities ofFolsom, Rancho Cordova and Roseville, where yields range from high-5 tolow-7 percent and pricing below $200,000 per square foot exists.

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• The addition of 19,500 jobs during the past 12 months lowered the metro’s unemployment rate by 90 basis points to 4 percent.

• The number of government, education and health-related workers increased by 11,500 over the past year, yet office-using job growth turned slightly negative as professional and business services hiring slowed.

EMPLOYMENT

• Sacramento’s core and primary suburbs witnessed a lack of new supply over the past four quarters, with the lone completion in Yolo County. During the previous 12-month period, 374,000 square feet was finalized.

• Entering the second quarter, construction was underway on 787,000 square feet, with delivery dates extending into 2019. Nearly 60 percent of this space is in Roseville.

CONSTRUCTION

• A dearth of new space heightened tenant demand for existing floor plans during the past 12 months, translating to the absorption of more than 1.1 million square feet. This strong leasing velocity compressed the metro’s vacancy rate to 12.8 percent.

• Class A availability fell by 180 basis points to 11.4 percent, with Class B/C vacancy dipping to 13.3 percent.

VACANCY

• A second consecutive period of triple-digit vacancy compression supported an uptick in the average asking rent to $22.79 per square foot during the past year.

• The recent increase in asking rent was driven by the Class A assets, where rates rose by 6.3 percent. At $27.93 per square foot, the sector’s average rent trails the previous cycle’s peak by roughly 9 percent.

RENTS


increase in the average asking rent Y-O-Y

4.0%basis point decrease in vacancy Y-O-Y

120square feet completedY-O-Y

60,000increase in total employment Y-O-Y

2.0%

* Forecast

1Q18 - 12-MONTH PERIOD

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Property Values Climb Amid Reduction in Acquisition Opportunities

Outlook: While rising, average pricing inSacramento trails the previous cycle’s peakby 25 percent, stoking buyer interest inClass A and B properties.

VacancyRate

Y-O-YBasisPoint

ChangeSubmarket

AskingRent

Y-O-Y%Change

Yolo County 8.0% 130 $22.60 -1.3%

Sacramento County 11.9% -130 $23.95 5.1%

Placer County 12.8% 110 $22.23 3.2%

Highway 50 Corridor 15.1% -320 $19.83 2.1%

El Dorado County 26.1% -200 $21.34 4.0%

Overall Metro 12.8% -120 $22.79 4.0%

Submarket Trends

Lowest Vacancy Rates 1Q18

Sales Trends


• Transaction activity dropped by 29 percent over the past 12 months ending in March,as buyers competed for a declining number of listings. A slowdown in deal flow wasmost apparent with Class B sales.

• More eyes on fewer properties boosted average pricing to $194 per square foot, ayear-over-year gain of 9.5 percent. Increased office values compressed the metro’saverage cap rate to 6.8 percent.

* Trailing 12 months through 1Q18Pricing trend sources: CoStar Group, Inc.; Real Capital Analytics

* 2017**1Q18

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• Fed raises benchmark interest rate, plots path for additional increases. The Federal

Reserve increased the federal funds rate by 25 basis points, lifting the overnight lending rate

to 1.75 percent. The Fed noted that inflation has broadly reached its objective, while the

domestic economy is performing tremendously well as tax cuts power household spending

and corporate investment. As a result, the Fed has guided toward two additional rate hikes

this year, likely in September and December, while setting the stage for as many as four

increases in 2019.

• Lending costs rise alongside Fed rate increase. As the Fed continues to lift interest rates,

lenders are increasingly tightening margins in order to compete for loan demand. Despite

these efforts, borrowing costs remain on an upward trajectory, which may prompt investors

to seek higher cap rates or pursue greater returns in secondary markets. However, robust

economic growth and rising net operating incomes are keeping selling prices elevated, which

may widen an expectation gap as property performance and demand trends remain positive.

• Lending continues to be highly competitive. While the Fed has committed to tightening

policy, global markets and foreign central banks are keeping pressure down on long-term

interest rates, restraining the 10-year Treasury to the 3 percent range. Banks, commercial

mortgage-backed securities (CMBS) and life insurance companies are providing debt for

office assets, with leverage at banks typically capped at 65 percent. Meanwhile, life

insurance companies will typically provide capital with leverage between 60 and 65 percent,

with CMBS offering up to 70 percent. Lender spreads have narrowed in recent months, while

10-year loan structures will typically range between 4.25 and 5.25 percent, depending on

tenancy, location, sponsorship and loan-to-value ratio. Minimum debt service coverage

required is 1.3 times expected asset revenues, supporting debt yields of 8.5 percent. The

national economy should grow strong and office demand should support a 10-basis-point

decline in vacancy to 13.7 percent nationally.

Include sales $2.5 million and greaterSources: CoStar Group, Inc.; Real Capital Analytics


Capital Markets

10390 COLOMA ROAD

PROPERTY NAME

MARKETING TEAMDEMOGRAPHICS

Source: © 2017 Experian

Created on August 2018

POPULATION 1 Miles 3 Miles 5 Miles 2022 Projection

Total Population 17,212 105,745 254,084

2017 Estimate


2010 Census


2000 Census


Current Daytime Population

2017 Estimate 15,948 121,051 271,753

HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2022 Projection

Total Households 6,089 42,354 103,323

2017 Estimate


Average (Mean) Household Size 2.81 2.49 2.43

2010 Census


2000 Census


HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2017 Estimate

$200,000 or More 1.30% 5.03% 5.71%

$150,000 - $199,999 3.64% 4.75% 6.08%

$100,000 - $149,000 12.58% 14.28% 15.22%

$75,000 - $99,999 13.17% 12.70% 13.06%

$50,000 - $74,999 18.39% 18.34% 18.20%

$35,000 - $49,999 13.58% 13.22% 12.51%

$25,000 - $34,999 12.97% 10.77% 9.53%

$15,000 - $24,999 12.20% 10.57% 9.39%

Under $15,000 14.45% 13.33% 13.62%

Average Household Income $62,720 $80,195 $85,632

Median Household Income $48,888 $56,745 $61,350

Per Capita Income $21,588 $31,699 $34,587

POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population By Age

2017 Estimate Total Population 17,974 104,242 249,878

Under 20 27.15% 24.36% 23.37%

20 to 34 Years 21.56% 21.20% 20.22%

35 to 39 Years 6.08% 6.06% 5.93%

40 to 49 Years 11.73% 11.85% 11.97%

50 to 64 Years 18.91% 20.47% 21.04%

Age 65+ 14.56% 16.05% 17.46%

Median Age 36.01 38.62 40.40

Population 25+ by Education Level

2017 Estimate Population Age 25+ 11,861 72,156 176,032

Elementary (0-8) 6.09% 3.51% 2.53%

Some High School (9-11) 7.46% 6.18% 5.49%

High School Graduate (12) 30.03% 21.79% 19.88%

Some College (13-15) 26.47% 28.63% 28.47%

Associate Degree Only 10.70% 9.72% 9.67%

Bachelors Degree Only 11.48% 18.85% 20.96%

Graduate Degree 5.14% 9.89% 11.84%

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10390 COLOMA ROAD

IncomeIn 2017, the median household income for your selected geography is$48,888, compare this to the US average which is currently $56,286.The median household income for your area has changed by 25.71%since 2000. It is estimated that the median household income in yourarea will be $57,212 five years from now, which represents a changeof 17.03% from the current year.

The current year per capita income in your area is $21,588, comparethis to the US average, which is $30,982. The current year averagehousehold income in your area is $62,720, compare this to the USaverage which is $81,217.

PopulationIn 2017, the population in your selected geography is 17,974. Thepopulation has changed by -3.35% since 2000. It is estimated thatthe population in your area will be 17,212.00 five years from now,which represents a change of -4.24% from the current year. Thecurrent population is 49.37% male and 50.63% female. The medianage of the population in your area is 36.01, compare this to the USaverage which is 37.83. The population density in your area is5,714.66 people per square mile.

HouseholdsThere are currently 6,123 households in your selected geography. Thenumber of households has changed by -2.96% since 2000. It isestimated that the number of households in your area will be 6,089five years from now, which represents a change of -0.56% from thecurrent year. The average household size in your area is 2.81 persons.

EmploymentIn 2017, there are 3,386 employees in your selected area, this is alsoknown as the daytime population. The 2000 Census revealed that57.58% of employees are employed in white-collar occupations inthis geography, and 42.07% are employed in blue-collar occupations.In 2017, unemployment in this area is 7.70%. In 2000, the averagetime traveled to work was 26.00 minutes.

Race and EthnicityThe current year racial makeup of your selected area is as follows:64.61% White, 8.75% Black, 0.88% Native American and 6.63%Asian/Pacific Islander. Compare these to US averages which are:70.42% White, 12.85% Black, 0.19% Native American and 5.53%Asian/Pacific Islander. People of Hispanic origin are countedindependently of race.

People of Hispanic origin make up 23.33% of the current yearpopulation in your selected area. Compare this to the US average of17.88%.

PROPERTY NAME

MARKETING TEAM

HousingThe median housing value in your area was $215,162 in 2017,compare this to the US average of $193,953. In 2000, there were3,280 owner occupied housing units in your area and there were3,030 renter occupied housing units in your area. The median rent atthe time was $533.

Source: © 2017 Experian

DEMOGRAPHICS

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E X C L U S I V E LY L I S T E D B Y

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Russ MorozFirst Vice President, Investments

(916) 724-1310 Office(916) 477-0723 Cell

License CA [email protected]

Christopher K. DrakeAssociate

(916) 724-1344 Office(916) 996-5498 Cell

License CA [email protected]

Documents

OFFERING MEMORANDUM - LoopNet · nearby San Francisco Bay Area, Sacramento is seismically quiet. The area contains nearly 2.3 million people. Sacramento, home of the state capitol,