601 N McDowell, Petaluma, CA

COMMERCIAL INCOME PROPERTY AVAILABLE

CLASS C INDUSTRIAL WAREHOUSE

601 N McDowell Blvd, Petaluma, CA 94954 PROPERTY SUMMARY Type: Class C Industrial Subtype: Warehouse Tenancy: Single Year built: 1976 RBA: 11,692 Sq Ft Floors: 1 Typical floor: 11,692 Sq Ft Ceiling: 10' Parking: 29 Free surface spaces; ratio of 2.5/1,000 Construction: Reinforced concrete

Offered at $1,995,000

601 N McDowell.com David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

601 N McDowell Blvd, Petaluma, CA 94954

2

CLASS C WAREHOUSE FOR SALE

RE/MAX Marketplace is proud to present this turn-key investment opportunity in desirable East Petaluma.

11,692 sq. ft. free standing building on a .77 acre city lot. Zoned light industrial (ML), property is fully leased to a national environmental consulting firm. Flexible configuration, with approximately 50% warehouse and 50% ground floor office space. Well suited for a single user or multiple tenants.

Main office features a reception area and a mix of private offices, conference rooms, a fully equipped kitchen and ample cubicle space.

The warehouse space includes a private entrance, shipping/receiving, loading bay with depressed dock position and two roll-up metal doors.

24 parking spaces, excellent visibility and a central location provide endless possibilities.

Offered at $1,995,000

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

601NMcDowell.com

SUITE B

3

FLOOR PLAN INCLUDING EXTERIOR

MAIN ENTRANCE

SECONDARY ENTRANCE

NORTH MCDOWELL BOULEVARD

Š 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it.

Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

w w w.c b r e.c om/walnutc r e e k

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

RE/MAX Marketplace 601 N McDowell Blvd, Petaluma, CA 94954 David Rendino

4

INCOME & EXPENSE Brokers Reconstructed Improvements Commercial Location 601 N Mcdowell Blvd City Petaluma State CA 94942 Terms

Proposed Financing Loans Balance First $ 1,396,500 Second $ Total $ 1,396,500 Expenses Insurance Maintenance/Repairs Tax and Licenses Total Expenses Expense/Income

Each office independently owned and operated

755 Baywood Dr Ste 201 Petaluma, CA 94954

Commercial Building Percent Leased Gross Multiplier Proj. G. R.M M Cap Rate 2017 Cap Rate 2018

2010

100% 13.99 13.58 5.2% 5.5%

$

$23,940.00 $1,310 $6,346 $4,914 1,654 Income/Month $38,164.00 27% Income/Year

Site and Building Description Lot Size 33,106 Building 11,692 Zone Fourplex Year 1976 Land Use Office Bldg 1 Story Stories 1 Tenant Pays Roof Composition Personal Prop. n/a Current Assessments Land $ 398,147 Bldg $ 1,225,071 Total $ 1,623,218 %Land %Bldg A.P.N. 007-501-012

Annual Property Stat.

Price $ 1,995,000 Down $ 598,500 New Loans $ 1,396,500 Equity n/a $/Ft $ 171 Lease $/Ft

Payment #/Yr Annual Interest Interest Only Due $ 5,818 x12 $ 69,825 $ 5.0 5 $ - x12 $ x12 $ 69,825 Income Schedule Tenancy Tenant Space Single Cardno ERI 11692

Estimated Taxes

Operating Expenses

Direct Phone: (707) 696-3742 Derendino@gmail.com www.RendinosRealEstate.com

Analysis Gross Rent Vacancy Factor Operating Income Expenses Net Income Loan Payments Pre-Tax Cash Flow Annual Depreciation Tax Loss Possible Tax Savings After-Tax Cash Flow Max Tax Braket (US+CA) Rate of Return (Cash Flow Only) Projected Annual Appreciation Rate of Return (Appreciation Only) Total Rate of Return

10

Comments

Unit Rent

Unit Rent 2018

$

11,887.21

$

12,244

$

142,647

$

146,926

11,887.21

12,243.82

Actual Market $ 142,647 $ 146,926 $ $ $ $ $ $ $ $

142,647 38,164 104,483 69,825 34,658 (33,250) 1,408 (600) 34,058 42.60% 5.7%

$ $ $ $ $ $ $ $ $

0.00% 5.7%

Remarks **The above is a working document primarily based on past performance. Some estimates may be based on limited information. All income and expenses should be thoroughly verified by buyer during escrow. Cap rate projections have been rounded to the highest whole number.

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

146,926 38,164 108,762 69,825 38,937 (33,250) 5,687 (2,423) 36,514 42.60% 6% 0.00% 6%

vd

Property Summary Report 601 N McDowell Blvd

Petaluma, CA 94954 - Petaluma/Cotati/Rohnert Ind Submarket

601NMcDowell.com

etaluma/Cotati/Rohnert Ind Submarket 601 N McDowell Blvd

BUILDING

Petaluma, CA 94954 - Petaluma/Cotati/Rohnert Ind Submarket

Class C Industrial

Type: Subtype: BUILDING

Warehouse

Ceiling Ht: Floors:

10'

BUILDING Tenancy: Type: Type: Year Built: Subtype: RBA: Subtype: Tenancy: Floors: Tenancy: Year Built: Typical Floor: RBA: Year CeilingBuilt: Ht: Floors: Construction: RBA: Typical Floor: Construction:

Typical Floor:

LAND

EXPENSES PER SF

Land Area:

0.77 AC

Zoning: LAND Parcel Land Area:

ML, Petaluma

Zoning: LOADING Parcel Docks:

ML, Petaluma

Cross Docks: LOADING

Construction:

Reinforced Concrete

007-501-012 1 ext

Drive Ins:

4 tot./10'w x 10'h

None

Rail Spots:

None

Drive Ins:

4 tot./10'w x 10'h

EXPENSES Rail PER Spots: SF

Type

SF Avail

Sublet

Flr Contig

3,390

Bldg Contig

3,390

Rent

3,390

601 N McDowell Blvd SALE PSale: 1st Industrial Sublet 3,390 3,390 Petaluma, CA 94954 - Petaluma/Cotati/Rohnert Ind Submarket Last Sold on Oct 13, 2003 for $1,325,000 ($113.33/SF) Drive Ins: 3,390 Use

Type

SF Avail

Flr Contig

Bldg Contig

Rail Spots: PROPERTY CONTACTS SALE TRANSPORTATION Last Sale: Sold on Oct 13, 2003 for $1,325,000 ($113.33/SF) Recorded Owner:29Rokz Llc Spaces are available; Ratio of 2.51/1,000 SF Parking: free Surface

TRANSPORTATION KEY TENANTS MARKET CONDITIONS Parking: 29 free Surface Spaces are available; Ratio of 2.51/1,000 SF Cardnoin ERI1 Space Available Vacancy Rates

Current

ailable; 29.0% Vacant Current Building KEY TENANTS Submarket Cardno ERI 1-3 Star

Submarket Leasing Activity

SF Avail

Months On Market

29.0%

3.2%

1.2%

Occupancy

Withheld Vacant Rent

Term

Thru May 2020

Occupancy

Withheld Vacant

4 tot./10'w x 10'h

Term

Thru May 2020

None Recorded Owner: Steve M Zigan Living Trust

3,390

Current

YOY

Current

Submarket 1-3 Star

$12.14

Market Overall

$10.91 11,692 12/6/2017 SF

Submarket Sales Activity

Flr Contig Contig Rent CopyrightedBldg report licensed to Re/Max Marketplace - 797331.

231,733

3,390 11.0

Oct 13, 2003 for $1,325,000 ($113.33/SF)

40.7%

3,390 3.7 mo

11,692 SF

Asking Rents Per SF

12 Mo. Sales Volume (Mil.)

Withheld 12 Mo. Price Per SF

YOY

10.5% 19.7%

Page 1

Copyrighted report licensed 2.6% 1.5%to Re/Max Marketplace - 797331.

Market Overall

12 Mo. Leased SF

YOY

29.0%

None

$1.59 (2017)

Taxes:

Property Summary Report Floor

10'

$1.59 (2017)

Use

11,692 SF

Ceiling Ht:

Taxes:

P 1st Industrial AVAILABLE SPACES

1

Reinforced Concrete

EXPENSES PER SF

007-501-012 0.77 AC

Docks: 1 ext LEASING Cross Docks: None SF Available in 1 Space Available Spaces: 3,390

Floor

Single Class C Industrial Class C Industrial 1976 Warehouse 11,692 Warehouse SF Single 1 1976 Single 11,692 SF 11,692 SF 1976 10' 1 Reinforced Concrete SF 11,692 11,692 SF

$1.59 (2017)

Taxes:

Availability: 29.0% Available; 29.0% Vacant LEASING lumaAvailable Spaces: 3,390 SF Available in 1 Space AVAILABLE SPACES 29.0% Available; 29.0% Vacant 012 Availability:

blet

5

Current 12/6/2017 YOY

Occupancy

Vacant

$35

$130

Page 1 Term

130.6%

Thru May1.5% 2020

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

601 N McDowell Blvd, Petaluma, CA 94954

6

LOCATION

Conveniently located 1.3 miles to Hwy 101 and .3 miles to the proposed Rainier cross-town connector and Deer Creek Village Shopping Center. Less than a mile (.6 miles) to Petaluma Valley Hospital and various medical offices. Within walking distance to National chains, including Habit Burger, Mary’s Pizza Shack, Rubios, Jamba Juice, City Sports, Friedman Brothers and Smart and Final to name a few.

DISTANCES: Petaluma Valley Hospital

.6 miles

Highway 101 exit @ Washington St.

1.3 miles

Proposed Rainier Cross-town Connector .3 miles Deer Creek Village Shopping Center

.3 miles

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

601NMcDowell.com

7

CURRENT TENANT

CARDNO Cardno Inc. is an ASX-listed professional infrastructure and environmental services company, with expertise in the development and improvement of physical and social infrastructure for communities around the world.

Over $120,000 of lease improvements include: • New VCT tile in bathrooms and kitchen • Repair and re-striping of asphalt

Lease Start Date

2010

• Full sprinkler code upgrades

Current Rent

$11,887.21

• New floor coverings

2017 Scheduled Rent $11,887.21

• Weather-stripping on roll-up doors

2018 Scheduled Rent $12,243.82

• Repair and replacement of HVAC system

2019 Scheduled Rent $12,611.14

• Perimeter security lights

Lease End Date*

• Resealed roof

May 31, 2020

Total expenditures by landlord subject to current five year lease: $141,783 *Subject to an early termination fee of $56,713.36 Owner pays for taxes, licensed, CAN insurance and some maintenance per lease.

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

8

601 N McDowell Blvd, Petaluma, CA 94954

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

601NMcDowell.com

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

9

601 N McDowell Blvd, Petaluma, CA 94954

10

ABOUT PETALUMA

Incorporated in 1858, Petaluma is one of California’s oldest cities. With the distinction of being the birthplace of the first egg-hatching incubator, Petaluma quickly came to be known as the undisputed “egg basket of the world” by the early 1900s. And where did the farmers take their chickens when they were under the weather? To the Poultry Pharmacy to visit the Chicken Doctor, of course! It’s true, Petaluma had the world’s only Chicken Pharmacy, Chicken Rodeo and Egg Queen Ball, which helped cement its 100+ year nickname of “Chickaluma”. *Population: 59,340 Median Age: 40.8 Median Household Income: $80,276 Number of Employees: 30,031 Employment Growth: 1.27%

Employment by Occupation—Most to Least: Administrative Sales Management Education, Training, & Library Business & Financial Operations * Dataset: ACS 5-year Estimate Source: Census Bureau

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

601NMcDowell.com

11

Population for 1 Mile ONE-MILE Radius POPULATION WITHIN RADIUS 601 N McDowell Blvd, Petaluma, CA 94954 Population 16.4 16.2 16.0 15.8 15.6 15.4

15.0

Thousands

15.2

1 Mile 15,637 16,211 3.67% 40.40

3 Mile 63,379 65,555 3.43% 41.10

5 Mile 73,769 76,323 3.46% 41.10

5,908 3.83% $78,562 2.60 2.00

24,037 3.53% $83,846 2.60 2.00

27,934 3.55% $84,459 2.60 2.00

Median Home Value: $486,541 1987 Median Year Built:

$550,976 1976

$584,753 1976

1 Mile 15,637 16,211 3.67% 40.40

3 Mile 63,379 65,555 3.43% 41.10

5 Mile 73,769 76,323 3.46% 41.10

5,908 3.83% $78,562 2.60 2.00

24,037 3.53% $83,846 2.60 2.00

27,934 3.55% $84,459 2.60 2.00

Median Home Value: $486,541 1987 Median Year Built:

$550,976 1976

$584,753 1976

2017 Total Population: 2022 Population: Pop Growth 2017-2022: Average Age: Households 2017 Total Households: HH Growth 2017-2022: Median Household Inc: Avg Household Size: 2017 Avg HH Vehicles: Housing

14.8 14.6 14.4 14.2 14.0 2000 Census

2010 Census

2017 Estimate

2022 Projection

BusinessesWITHIN for 1 Mile Radius BUSINESSES ONE-MILE RADIUS 601 N McDowell Blvd, Petaluma, CA 94954

12/27/2017

Copyrighted report licensed to Re/Max Marketplace - 797331.

Population 2017 Total Population: 2022 Population: Pop Growth 2017-2022: Average Age: Households

Retail/Wholesale

Financial/Insurance/Real Estate

Services

2017 Total Households: HH Growth 2017-2022: Median Household Inc: Avg Household Size: 2017 Avg HH Vehicles: Housing

Information

Health Care & Social Assistance

Manufacturing

Construction

Utilities & Waste Management

Pubic Admin & Sales

Agriculture, Mining & Fishing

1

50 100 150 200 250 300 350 Thousands

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com Copyrighted report licensed to Re/Max Marketplace - 797331.

12/27/2017

Radius

1 Mile

3 Mile

5 Mile

65,555

76,323

15,637

63,379

73,769

14,839

60,888

70,760

3.67%

3.43%

3.46%

4.09%

4.25%

3,527 1 Mile

14,125 3 Mile

15,944 5 Mile

13,601 16,211 281 15,637 132 14,839 1,022 3.67% 31 5.38% 569 3,527 35

56,280 65,555 1,040 63,379 653 60,888 2,986 3.43% 160 4.09% 2,259 14,125 137

65,580 76,323 1,188 73,769 749 70,760 3,422 3.46% 182 4.25% 2,647 15,944 283

13,601 6,134 281 5,908 132 5,581 1,022 3.83% 31 5.86% 569 4,131 35 1,776

56,280 24,885 1,040 24,037 653 23,074 2,986 3.53% 160 4.17% 2,259 15,523 137 8,514

65,580 28,925 1,188 27,934 749 26,789 3,422 3.55% 182 4.27% 2,647 18,092 283 9,842

$96,379 6,134 $78,562 5,908

$104,281 24,885 $83,846 24,037

$105,727 28,925 $84,459 27,934

5,581 766 3.83% 1,065 5.86% 988 4,131 937 1,776 540 $96,379 640 $78,562 540

23,074 3,030 3.53% 3,789 4.17% 3,852 15,523 3,808 8,514 2,691 $104,281 2,153 $83,846 2,313

26,789 3,419 3.55% 4,371 4.27% 4,558 18,092 4,279 9,842 3,123 $105,727 2,472 $84,459 2,811

429 766

2,401 3,030

2,901 3,419

$25,000 - $50,000

1,065

3,789

4,371

$50,000 - $75,000

988

3,852

4,558

$75,000 - $100,000

937

3,808

4,279

$100,000 - $125,000

540

2,691

3,123

$125,000 - $150,000

640

2,153

2,472

$150,000 - $200,000

540

2,313

2,811

$200,000+

429

2,401

2,901

Population:

12 2022 601 N McDowell ProjectionBlvd

601 N McDowell Blvd, Petaluma, 16,211CA 94954

Petaluma, CA 94954 - Petaluma/Cotati/Rohnert I Submarket Estimate 3,390 2017 SF Available for lease 11,6922010 SF Class C Industrial Warehouse Building Built in 1976 Census

DEMOGRAPHICS Growth 2017-2022

Growth 2010-2017 Daytime Employment Summary Demographics

2017 Population Hispanic Origin Radius 2017 Population by Race: Population: White 2022 Projection Black 2017 Estimate Am. Indian & Alaskan 2010 Census Asian Growth 2017-2022 Hawaiian & Pacific Island Growth 2010-2017 Other 2017 Population Hispanic Origin U.S. Armed Forces: 2017 Population by Race: Households: White 2022 Projection Black 2017 Estimate Am. Indian & Alaskan 2010 Census Asian Growth 2017 - 2022 Hawaiian & Pacific Island Growth 2010 - 2017 Other Owner Occupied U.S. Armed Forces: Renter Occupied Households: 2017 Avg Household Income 2022 Projection 2017 Med Household Income 2017 Estimate 2017 Households by Household Inc: 2010 Census <$25,000 Growth 2017 - 2022 $25,000 - $50,000 Growth 2010 - 2017 $50,000 - $75,000 Owner Occupied $75,000 - $100,000 Renter Occupied $100,000 - $125,000 2017 Avg Household Income $125,000 - $150,000 2017 Med Household Income $150,000 - $200,000 2017 Households by Household Inc: $200,000+ <$25,000

5.38% Consumer Spending TrafďŹ c

David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com

David Rendino & Erika Rendino Income Property Specialists DRE# 01252035/01465104

8220 Old Redwood Hwy, Cotati, CA 94931

 Direct: (707) 696-3742 | Español: (707) 318-1851 | Email: drendino@mac.com 

The Rendino Team EXPERIENCE



INTEGRITY



RESULTS

601McDowell.com

The Rendino Team

The information contained herein has been obtained through sources deemed reliable by RE/MAX Marketplace, but cannot be guaranteed for its accuracy. We recommend to the buyer that any information, which is of special interest, should be obtained through independent verification. ALL MEASUREMENTS ARE APPROXIMATE.