1260, 1264, 1268 gray hawk ln, portfolio price: $2,100,000 · 2020-07-23 · 235 oak meadow drive...

235 Oak Meadow Drive Los Gatos, CA 95032 www.siliconvalleymultifamily.com

1260, 1264, 1268

Gray Hawk Ln,

Suisun City CA 94585

Portfolio Price: $2,100,000

Property Highlights

Live/work properties located near downtown SuisunCity, with easy access to Highway 12/80/680.

New 2019 construction, with high-end finishes. Each property consists of a 5BR/3BA single family

house and a 650 Sq. Ft. commercial space. All residential and commercial units are tenant-

occupied. Investment opportunity or owner/user

opportunity. Zoned for mixed use--residential/commercial. Tenants pay for all utilities. Low operating costs. Growing/expanding area. Please DO NOT disturb tenants or walk property. Purchase all three for $2,100,000, or individually

for $700,000 each.

TING LIU Associate Broker [email protected] BRE# 01339702

http://www.siliconvalleymultifamily.com/

mailto:[email protected]

TABLE OF CONTENTS

TING LIU

Associate Broker

408-356-1900 [email protected] BRE# 01339702

SECTION I - Property Information

1260 Gray Hawk Ln. 4 Executive Summary 5

Property Description 6 Tenant Mix Report 7

Property Photos 8

Financials 10 1264 Gray Hawk Ln. 15

Executive Summary 16 Property Description 17

Tenant Mix Report 18

19 Property Photos

Financials 22 1268 Gray Hawk Ln. 27

Executive Summary 28 Property Description 29

Tenant Mix Report 30

Property Photos 31

Financials 33

SECTION II - Location

39 Location Map

40 Parcel Map

SECTION III – Residential Rent Comps 42

SECTION I V – Commercial Rent Comps 47

SECTION V – Sales Comps 52

SECTION VI - Demographics

Demographics 55 Disclaimer 56


PropertyInformation

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Live/work property located near downtown Suisun City, with easy access to Highway 12/80/680.New 2019 construction, with high-end finishes.The property consists of a 5BR/3BA single family house and a 650 Sq. Ft. commercial space. Both units are tenant-occupied. Investment opportunity or owner/user opportunity. Zoned for mixed use--residential/commercial. Tenants pay for all utilities. Low operating costs.Growing/expanding area.Please DO NOT disturb tenants or walk property.

Newly Constructed Mixed Use PropertyFully Rented

1260 Gray Hawk Ln, Suisun City CA 94585

Price: $700,000

TING LIUAssociate Broker [email protected] BRE# 01339702

235 Oak Meadow DriveLos Gatos, CA 95032www.siliconvalleymultifamily.com

EXECUTIVE SUMMARYLive/Work Property1260 Gray Hawk Lane | Suisun City, CA 94585

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose ofillustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal,accounting, investment, real estate, tax or other professional advice, consultation or service. The user of this software shouldconsult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.

Acquisition Costs Purchase Price, Points and Closing Costs $705,000 Investment - Cash $285,000 First Loan $420,000

Investment Information Purchase Price $700,000 Price per Sq. Ft. $217.39

Income, Expenses & Cash Flow Gross Scheduled Income $49,200 Total Vacancy and Credits ($900) Operating Expenses ($10,965)

Net Operating Income $37,335 Debt Service ($24,062)

Cash Flow Before Taxes $13,273

After Tax Results Total Interest (Debt Service) ($16,665) Depreciation and Amortization ($10,859) Taxable Income (Loss) $9,811 Tax Savings (Costs) ($4,160)

Cash Flow After Taxes $9,114

Financial Indicators Cash-on-Cash Return Before Taxes 4.66% Optimal Internal Rate of Return (yr 5) 7.68% Debt Coverage Ratio 1.55 Capitalization Rate 5.33% Gross Income / Square Feet $15.28 Gross Expenses / Square Feet ($3.41) Operating Expense Ratio 22.70%

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PROPERTY DESCRIPTION

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06


- Live/work property, new 2019 construction, located near downtown Suisun City.

- This property consists of two structures: a single family house and a commercial space, there are fences and backyards between the house and the commercial space. Both units are tenant-occupied. Tenant in the house has a one year lease which expires on March 31, 2021. The commercial space is occupied by a nail salon, which has been in business for 5 years. It has a 2 year lease which expires in June 30, 2022, with 5% rent

increase for 2nd year. Commercial tenant has improved the property. Both the residential tenant and the commercial tenant are likely to stay when their current leases expire.

- The 2-story single family house has 2,570 Sq. Ft., with 5 bedrooms and 3 full bathrooms, A/C, finished with top upgrades throughout. It features quartz counter tops and stainless-steel appliances in kitchen; electrical car charger, tank-less water heater in attached 2 car garage; living room with gas- burning fireplace. Floors are a durable LVT material with hardwood look.

- The commercial space is approximately 650 Sq. Ft., it features plenty of natural lighting with very high ceiling, A/C, and an ADA bathroom. There are 5 parking spaces in the front.

- Desirable location:

Located near highway 12, with easy access to highway 12/80/680. It is right across downtown Suisun City, tucked right behind Grizzly Island Rd. in proximity to the City's planned development project area. With the expected completion of the residential/commercial mixed use project in the near future, the location is very desirable for both residents and small business owners.

Note: Portfolio sale: this property can be bought together with two nearly identical mixed-use properties located on adjacent parcels. Offering price of the portfolio sale is $2,100,000. They may also be sold separately.

Ting Liu

408-356-1900

[email protected]

TENANT MIX REPORTLive/Work Property1260 Gray Hawk Lane | Suisun City, CA 94585


Suite Tenants Approx. SqFt Avg. Rents Monthly Mkt Rents MonthlySFR Residential tenants 2,570 $3,200.00 $3,200.00 $3,200.00 $3,200.00Office Nail Studio 650 $900.00 $900.00 $1,040.00 $1,040.002 3,220 $4,100.00 $4,240.00

TENANT MIX TENANT MIX SQUARE FEET

● Residential tenants● Nail Studio


TENANT MIX INCOME TENANT MIX MARKET INCOME



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PROPERTY PHOTOSLive/Work Property1260 Gray Hawk Lane | Suisun City, CA 94585

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ANNUAL PROPERTY OPERATING DATALive/Work Property1260 Gray Hawk Lane | Suisun City, CA 94585


Description Year 1 Year 2 Year 3 Year 4 Year 5 INCOME Rental Income $49,200 $49,740 $49,740 $49,740 $49,740

Gross Scheduled Income $49,200 $49,740 $49,740 $49,740 $49,740 Rent Abatement ($900) $0 $0 $0 $0

Gross Operating Income $48,300 $49,740 $49,740 $49,740 $49,740

EXPENSES Property Tax ($8,865) ($8,954) ($9,043) ($9,134) ($9,225) Insurance ($900) ($927) ($955) ($983) ($1,013) Maintenance (est) ($800) ($824) ($849) ($874) ($900) Landscaping ($400) ($412) ($424) ($437) ($450)

Total Operating Expenses ($10,965) ($11,117) ($11,271) ($11,428) ($11,589) Operating Expense Ratio 22.70% 22.35% 22.66% 22.98% 23.30%

Net Operating Income $37,335 $38,623 $38,469 $38,312 $38,151

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CASH FLOW ANALYSISLive/Work Property1260 Gray Hawk Lane | Suisun City, CA 94585


Before Tax Cash Flow Year 1 Year 2 Year 3 Year 4 Year 5 Gross Scheduled Income $49,200 $49,740 $49,740 $49,740 $49,740 Rent Abatement ($900) $0 $0 $0 $0 Total Operating Expenses ($10,965) ($11,117) ($11,271) ($11,428) ($11,589)

Net Operating Income $37,335 $38,623 $38,469 $38,312 $38,151 Loan Payment ($24,062) ($24,062) ($24,062) ($24,062) ($24,062)

NET CASH FLOW (B/T) $13,273 $14,562 $14,407 $14,250 $14,090 Cash-On-Cash Return b/t 4.66% 5.11% 5.06% 5.00% 4.94%

Taxable Income Net Operating Income $37,335 $38,623 $38,469 $38,312 $38,151 Depreciation ($10,859) ($11,332) ($11,332) ($11,332) ($10,862) Loan Interest ($16,665) ($16,364) ($16,050) ($15,724) ($15,384)

Taxable Income (Loss) $9,811 $10,927 $11,087 $11,256 $11,905

After Tax Cash Flow NET CASH FLOW (B/T) $13,273 $14,562 $14,407 $14,250 $14,090 Income Taxes ($4,160) ($4,633) ($4,701) ($4,772) ($5,048)

CASH FLOW (A/T) $9,114 $9,928 $9,707 $9,478 $9,042 Cash-On-Cash Return a/t 3.20% 3.48% 3.41% 3.33% 3.17%

* b/t = before taxes; a/t = after taxes

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FINANCIAL INDICATORSLive/Work Property1260 Gray Hawk Lane | Suisun City, CA 94585


Description Year 1 Year 2 Year 3 Year 4 Year 5 Gross Income per Sq. Ft. $15.28 $15.45 $15.45 $15.45 $15.45 Expenses per Sq. Ft. ($3.41) ($3.45) ($3.50) ($3.55) ($3.60)

Gross Rent Multiplier 14.65 14.93 15.38 15.84 16.31 Capitalization Rate 5.33% 5.52% 5.50% 5.47% 5.45%

Operating Expense Ratio 22.70% 22.35% 22.66% 22.98% 23.30% Net Income Multiplier 19.31 19.23 19.88 20.56 21.27

Loan To Value Ratio 57.23% 54.52% 51.89% 49.32% 46.81% Debt Coverage Ratio 1.55 1.61 1.60 1.59 1.59

Cash-On-Cash Return b/t 4.66% 5.11% 5.06% 5.00% 4.94% Cash-On-Cash Return a/t 3.20% 3.48% 3.41% 3.33% 3.17%


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LOAN ANALYSISLive/Work Property1260 Gray Hawk Lane | Suisun City, CA 94585


Loan 1 Debt Service Analysis Year 1 Year 2 Year 3 Year 4 Year 5 Principal Payments $7,396 $7,698 $8,011 $8,338 $8,677 Interest Payments $16,665 $16,364 $16,050 $15,724 $15,384 Total Debt Service $24,062 $24,062 $24,062 $24,062 $24,062

Principal Balance Analysis Beginning Principal Balance $420,000 $412,604 $404,906 $396,895 $388,557 Principal Reductions $7,396 $7,698 $8,011 $8,338 $8,677 Ending Principal Balance $412,604 $404,906 $396,895 $388,557 $379,880

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PRO FORMA SUMMARYLive/Work Property1260 Gray Hawk Lane | Suisun City, CA 94585


Tenant Annual Scheduled Income Tenant Actual Market Residential tenants $38,400 $38,400 Nail Studio $10,800 $12,480 Totals $49,200 $50,880

Annualized Income Description Actual Market Gross Potential Rent $49,200 $50,880

- Less: Vacancy ($900) ($2,544)Effective Gross Income $48,300 $48,336- Less: Expenses ($10,965) ($10,965)Net Operating Income $37,335 $37,371- Debt Service ($24,062) ($24,062)

Net Cash Flow after Debt Service $13,273 $13,309+ Principal Reduction $7,396 $7,396Total Return $20,670 $20,706

Annualized Expenses Description Actual Market Property Tax $8,865 $8,865 Insurance $900 $900 Maintenance (est) $800 $800 Landscaping $400 $400 Total Expenses $10,965 $10,965 Expenses Per RSF $3.41 $3.41

Investment SummaryPrice $700,000Year Built 2019Tenants 2RSF 3,220Price/RSF $217.39Lot Size 4,831 sfFloors 2Parking Spaces 4/unitAPN 0713-811-080Cap Rate 5.33%Market Cap Rate 5.34%

Financing SummaryLoan Amount $420,000Down Payment $280,000Loan Type FixedInterest Rate 4%Term 30 yearsMonthly Payment $2,005DCR 1.55

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235 Oak Meadow Drive Los Gatos, CA 95032 www.siliconvalleymultifamily.com

1264 Gray Hawk Ln, Suisun City, CA 94585

Price: $700,000

Property Highlights

• Live/work property located near downtown Suisun City,

with easy access to Highway 12/80/680.

• New 2019 construction, with high-end finishes.

• The property consists of a 5BR/3BAsingle family

house and a 650 Sq. Ft. commercial space.

• Both residential and commercial units are

tenant-occupied.

• Investment opportunity or owner/user

opportunity.

• Zoned for mixed use--residential/commercial.• Tenants pay for all utilities.

• Low operating costs.

• Growing/expanding area.

• Please DO NOT disturb tenants or walk property.

TING LIU Associate Broker 408-356-1900 [email protected] BRE# 01339702

http://www.siliconvalleymultifamily.com/


|

Acquisition Costs

Purchase Price, Points and Closing Costs $705,000

Investment - Cash $285,000

First Loan $420,000

Investment Information

Purchase Price $700,000

Price per Sq. Ft. $217.39

Income, Expenses & Cash Flow

Gross Scheduled Income $49,200

Total Vacancy and Credits ($900)

Operating Expenses ($10,965)

Net Operating Income $37,335

Debt Service ($24,062)


After Tax Results

Total Interest (Debt Service) ($16,665)

Depreciation and Amortization ($10,859)

Taxable Income (Loss) $9,811

Tax Savings (Costs) ($4,160)


Financial Indicators

Cash-on-Cash Return Before Taxes 4.66%

Optimal Internal Rate of Return (yr 5) 7.61%

Debt Coverage Ratio 1.55

Capitalization Rate 5.33%

Gross Income / Square Feet $15.28

Gross Expenses / Square Feet ($3.41)

Operating Expense Ratio 22.70%

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- Live/work property, new 2019 construction, located near downtown Suisun City. - This property consists of two structures: a single family house and a commercial space. There are fences and yards between the house and the commercial space. Both units are tenant- occupied. Tenant in the house has a one year lease which expires on February 28, 2021. The commercial space is occupied by a video/photo production business, with a one year lease which expires in June 30, 2021. Commercial tenant has improved the property. Both the residential tenant and the commercial tenant are likely to stay when their current leases expire.

- The 2-story single family house has 2,570 Sq. Ft., with 5 bedrooms and 3 full bathrooms, A/C, finished with top upgrades throughout. It features quartz counter tops and stainless-less steel appliances in kitchen; electrical car charger, tank-less water heater in attached 2 car garage; living room with gas-burning fireplace. Floors are a durable LVT material with hardwood look.



Located near highway 12, with easy access to highway 12/80/680. It is right across downtown Suisun City, tucked right behind Grizzly Island Rd. in proximity to the City's planned development project area. With the expected completion of the residential/commercial mixed use development project in the near future, the location is very desirable for both residents and small businessowners.

Note: Portfolio or individual sale: this property can be bought together with two nearly identical mixed- use properties located on adjacent parcels. Offering price of the portfolio sale is $2,100,000. They may also be sold separately.

TENANT MIX REPORT Live/Work Property 1264 Gray Hawk Lane | Suisun City, CA 94585

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Suite Tenants Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly

SFR Residential tenants 2,570 $3,200.00 $3,200.00 $3,200.00 $3,200.00

Office Video Editing Company 650 $900.00 $900.00 $1,040.00 $1,040.00

2 3,220 $4,100.00 $4,240.00


● Residential tenants

● Video Editing Company








The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.


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PROPERTY PHOTOS Live/Work Property 20 1264 Gray Hawk Lane | Suisun City, CA 94585

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Gross Scheduled Income $49,200 $49,200 $49,200 $49,200 $49,200 Rent Abatement ($900) $0 $0 $0 $0


EXPENSES Property Tax ($8,865) ($8,954) ($9,043) ($9,134) ($9,225) Insurance ($900) ($927) ($955) ($983) ($1,013) Maintenance & repairs (est) ($800) ($824) ($849) ($874) ($900) Landscaping ($400) ($404) ($408) ($412) ($416)



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Before Tax Cash Flow Year 1 Year 2 Year 3 Year 4 Year 5 Gross Scheduled Income $49,200 $49,200 $49,200 $49,200 $49,200 Rent Abatement ($900) $0 $0 $0 $0 Total Operating Expenses ($10,965) ($11,109) ($11,255) ($11,403) ($11,555)








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Tenant Annual Scheduled Income Tenant Actual Market Residential tenants $38,400 $38,400 Video Editing Company $10,800 $12,480 Totals $49,200 $50,880


- Less: Vacancy ($900) $0Effective Gross Income $48,300 $50,880- Less: Expenses ($10,965) ($10,965)Net Operating Income $37,335 $39,915- Debt Service ($24,062) ($24,062)


Annualized Expenses Description Actual Market Property Tax $8,865 $8,865 Insurance $900 $900 Maintenance & repairs (est) $800 $800 Landscaping $400 $400 Total Expenses $10,965 $10,965 Expenses Per RSF $3.41 $3.41



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Property Highlightsb

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b

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Live/work property located near downtown Suisun City, with easy access to Highway 80/680.New 2019 construction, with high-end finishes. The property consists of a 5BR/3BA single family house and a 650 Sq. Ft. commercial space. Both units are tenant-occupied. Investment opportunity or owner/user opportunity. Zoned for mixed use--residential/commercial. Tenants pay for all utilities. Low operating costs.Growing/expanding area.Please DO NOT disturb tenants or walk property.

Newly Constructed Mixed Use Property

Fully Rented

1268 Gray Hawk Ln,Suisun City, CA 94585

Price: $700,000

Ting LiuAssociate Broker 408-356-1900 [email protected] BRE # 01339702

235 Oak Meadow DriveLos Gatos, CA 95032www.siliconvalleymultifamily.com

EXECUTIVE SUMMARYLive/Work Property1268 Gray Hawk Lane | Suisun City, CA 94585


Acquisition Costs Purchase Price, Points and Closing Costs $705,000 Investment - Cash $285,000 First Loan $420,000

Investment Information Purchase Price $700,000 Price per Sq. Ft. $217.39

Income, Expenses & Cash Flow Gross Scheduled Income $49,290 Total Vacancy and Credits ($2,700) Operating Expenses ($10,965)

Net Operating Income $35,625 Debt Service ($24,062)


After Tax Results Total Interest (Debt Service) ($16,665) Depreciation and Amortization ($10,859) Taxable Income (Loss) $8,101 Tax Savings (Costs) ($3,435)


Financial Indicators Cash-on-Cash Return Before Taxes 4.06% Optimal Internal Rate of Return (yr 5) 7.61% Debt Coverage Ratio 1.48 Capitalization Rate 5.09% Gross Income / Square Feet $15.31 Gross Expenses / Square Feet ($3.41) Operating Expense Ratio 23.54%

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Ting Liu 408-356-1900 [email protected]


- Live/work property, new 2019 construction, located near downtown Suisun City.

- This property consists of two structures: a single family house and a commercial space, there are fences and yards between the house and the commercial space. Both units are tenant-occupied. Tenant in the house has a one year lease which expires on March 31, 2021. The commercial space is occupied by a TV production/education business, which has been in business for 2 years. It has a 2 year lease which expires on April 30, 2022, with 5% rent increase in the 2nd year. Commercial tenant has improved the property. Both the residential tenant and the commercial tenant are likely to stay when their current leases expire.

- The 2-story single family house has 2,570 Sq. Ft., with 5 bedrooms and 3 full bathrooms, A/C, finished with top upgrades throughout. It features quartz counter tops and stainless-steel appliances in kitchen; electrical car charger, tank-less water heater in attached 2 car garage; living room with gas-burning fireplace. Floors are a durable LVT material with hardwood look.



Located near highway 12, with easy access to highway 12/80/680. It is right across downtown Suisun City, tucked right behind Grizzly Island Rd. in proximity to the City's planned development project area. With the expected completion of the residential/commercial mixed use project in the near future, the location is very desirable for both residents and small business owners.

Note: Portfolio sale: this property can be bought together with two nearly identical mixed-use properties located on adjacent parcels. Offering price of the portfolio sale is $2,100,000. They may also be sold separately.

TENANT MIX REPORTLive/Work Property1268 Gray Hawk Lane | Suisun City, CA 94585


Suite Tenants Approx. SqFt Avg. Rents Monthly Mkt Rents MonthlySFR Residential tenants 2,570 $3,200.00 $3,200.00 $3,200.00 $3,200.00Office TV Production 650 $900.00 $900.00 $1,040.00 $1,040.002 3,220 $4,100.00 $4,240.00


● Residential tenants● TV Production





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Gross Scheduled Income $49,290 $49,740 $49,740 $49,740 $49,740 Rent Abatement ($2,700) $0 $0 $0 $0


EXPENSES Property Tax ($8,865) ($8,954) ($9,043) ($9,134) ($9,225) Insurance ($900) ($927) ($955) ($983) ($1,013) Maintenance & repairs (est) ($800) ($824) ($849) ($874) ($900) Landscaping ($400) ($412) ($424) ($437) ($450)



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Before Tax Cash Flow Year 1 Year 2 Year 3 Year 4 Year 5 Gross Scheduled Income $49,290 $49,740 $49,740 $49,740 $49,740 Rent Abatement ($2,700) $0 $0 $0 $0 Total Operating Expenses ($10,965) ($11,117) ($11,271) ($11,428) ($11,589)








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Tenant Annual Scheduled Income Tenant Actual Market

$38,400 $38,400 TV Production $10,800 $12,480 Totals $49,200 $50,880


- Less: Vacancy ($2,700) $0Effective Gross Income $46,500 $50,880- Less: Expenses ($10,965) ($10,965)Net Operating Income $35,535 $39,915- Debt Service ($24,062) ($24,062)


Annualized Expenses Description Actual Market Property Tax $8,865 $8,865 Insurance $900 $900 Maintenance & repairs (est) $800 $800 Landscaping $400 $400 Total Expenses $10,965 $10,965 Expenses Per RSF $3.41 $3.41



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Location

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LOCATION MAPLive/Work Properties1260, 1264, 1268 Gray Hawk Lane | Suisun City, CA 94585

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PARCEL MAPLive/Work Properties1260, 1264, 1268 Gray Hawk Lane | Suisun City, CA 94585

Ting Liu408-356-1900

[email protected]

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tliu

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Residential RentComps

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RENT COMPARABLES CHARTSLive/Work Properties1260, 1264, 1268 Gray Hawk Lane | Suisun City, CA 94585


Subject 1 2 3

10%

20%

30%

40%

50%

60%

70%

80%

90%

100% Avg.100.0

Occupancy

Subject 1 2 3

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

Avg.12.61

Average Rent per Sq. Ft.

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RENT COMPARABLESLive/Work Properties1260, 1264, 1268 Gray Hawk Lane | Suisun City, CA 94585


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Live/Work Property1264 Gray Hawk Lane, Suisun City, CA 94585

Avg $15.28Range/rsf $14.94 - $16.62RSF 3,220Occupancy 100%Tenants 2Year Built 2019

Notes1264 Gray Hawk Ln, a single family house with 2570 sq ft, 5BR/3Ba with high-end finishes throughout. 1255McCoy Creek Way, a commercial space with 650 sq ft.

1 Avg $11.98Range/rsf $11.98RSF 3,800Occupancy 100%Tenants N/AYear Built 2008

3057 Pebble Beach Cir3057 Pebble Beach Circle, Fairfield, CA 94534

Notes4BR/3BA single family house. There are no 5 BR comps, this is the closest comp available.

2 Avg $14.95Range/rsf $14.95RSF 2,648Occupancy 100%Tenants 1Year Built 1989

3257 Seminole Cir3257 Seminole Circle, Fairfield, CA 94534


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3 Avg $10.90Range/rsf $10.90RSF 3,192Occupancy 100%Tenants N/AYear Built 2003

2358 Fairview Pl2358 Fairview Place, Fairfield, CA 94534


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S 1264 Gray Hawk LaneSuisun City, CA, 94585

1 3057 Pebble Beach CircleFairfield, CA, 94534

2 3257 Seminole CircleFairfield, CA, 94534

3 2358 Fairview PlaceFairfield, CA, 94534

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Commercial RentComps

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RENT COMPARABLES CHARTSLive/Work Properties1260, 1264, 1268 Gray Hawk Lane | Suisun City, CA 94585


Subject 1 2 3 4 5

10%

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60%

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Occupancy

Subject 1 2 3 4 5

3.0

6.0

9.0

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24.0

27.0

30.0

Avg.19.848

Average Rent per Sq. Ft.

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S Avg $15.28Range/rsf $14.94 - $16.62RSF 3,220Occupancy 100%Tenants 2Year Built 2019

Live/Work Property1264 Gray Hawk Lane, Suisun City, CA 94585

Notes1264 Gray Hawk Ln, a single family house with 25,70 Sq. Ft, 5BR/3Ba with high-end finishes throughout. 1255 McCoy Creek Way, a commercial space with 650 Sq. Ft.

1 Avg $19.20Range/rsfRSF 1,276Occupancy 100%Tenants 2Year Built 1991

2300 Boynton Ave2300 Boynton Avenue, Fairfield, CA 94533

NotesClass B office building, 1st floor office suite has 1,276 Sq. Ft.

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1 Harbor Center1 Harbor Center, Suisun City, CA 94585

Avg $23.85Range/rsfRSF 1,204Occupancy 100%Tenants 1Year Built 2001

NotesClass A medical office

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3

2560 N Texas St2560 North Texas Street, Fairfield, CA 94533


NotesClass C office building

4

1325 Travis Blvd1325 Travis Boulevard, Fairfield, CA 94533


NotesClass B office building

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825 Webster St825 Webster Street, Fairfield, CA 94533

Avg $20.79Range/rsfRSF 557Occupancy 100%Tenants 2Year Built 1977

NotesClass C office building

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S 1264 Gray Hawk LaneSuisun City, CA, 94585

1 2300 Boynton AvenueFairfield, CA, 94533

2 1 Harbor CenterSuisun City, CA, 94585

3 2560 North Texas StreetFairfield, CA, 94533

4 1325 Travis BoulevardFairfield, CA, 94533

5 825 Webster StreetFairfield, CA, 94533

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Sale Comps

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SALE COMPARABLESLive/Work Properties1260, 1264, 1268 Gray Hawk Lane | Suisun City, CA 94585


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Live/Work Property1264 Gray Hawk Lane, Suisun City, CA

Sale Price $700,000Spaces 2Rentable SqFt 3,220Price/SqFt $217.39Lot Size 4,831Cap Rate 5.33%Year Built 2019

Notes1264 Gray Hawk Ln, a single family house with 2570 sq ft, 5BR/3Ba with high-end finishes throughout. 1255McCoy Creek Way, a commercial space with 650 sq ft.

1

1272 Gray Hawk Ln1272 Gray Hawk Lane, Suisun City, CA

Sale Price $725,000Spaces 2Rentable SqFt 3,442Price/SqFt $210.63Lot Size 4,434Year Built 2019Sale Date 4/15/2020Days-On-Mkt 92

NotesA single family home with 4 BR/3BA (2187 sq ft), and a 533 commercial space with a 722 sq ft 1BRapartment on top of it.MLS data show that all 3 units were vacant when sold. No rent info found.

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SALE COMPARABLESLive/Work Properties1260, 1264, 1268 Gray Hawk Lane | Suisun City, CA 94585


S 1264 Gray Hawk LaneSuisun City, CA, 94585$700,000

1 1272 Gray Hawk LaneSuisun City, CA, 94585$725,000

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Demographics&Disclaimers

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DEMOGRAPHICSLive/Work Properties1260, 1264, 1268 Gray Hawk Lane | Suisun City, CA 94585


Population 1 Mile 3 Miles 5 MilesMale 7,132 39,972 57,170Female 7,515 42,434 60,288Total Population 14,647 82,406 117,458

Age 1 Mile 3 Miles 5 MilesAges 0-14 3,461 18,486 25,516Ages 15-24 2,376 12,623 17,556Ages 25-54 5,977 34,117 47,375Ages 55-64 1,476 8,893 13,651Ages 65+ 1,357 8,287 13,360

Race 1 Mile 3 Miles 5 MilesWhite 5,284 33,751 51,872Black 2,785 14,502 18,817Am In/AK Nat 60 251 290Hawaiian 40 331 444Hispanic 5,238 30,416 36,794Multi-Racial 8,524 48,446 60,714

Income 1 Mile 3 Miles 5 MilesMedian $66,549 $54,901 $58,331< $15,000 447 2,615 3,155$15,000-$24,999 286 2,381 2,909$25,000-$34,999 441 2,349 2,926$35,000-$49,999 597 3,730 5,126$50,000-$74,999 1,092 5,584 8,166$75,000-$99,999 752 4,731 7,008$10,0000-$149,999 680 3,551 5,914$150,000-$199,999 189 1,171 2,267> $200,000 104 403 1,271

Housing 1 Mile 3 Miles 5 MilesTotal Units 5,022 28,340 41,193Occupied 4,716 26,453 38,549Owner Occupied 2,706 15,197 23,111Renter Occupied 2,010 11,256 15,438Vacant 306 1,887 2,644

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DISCLAIMER

Live/Work Properties1260, 1264, 1268 Gray Hawk Lane | Suisun City, CA 94585

56

Ting Liu

408-356-1900

[email protected]

m

DISCLAIMER

All materials and information received or derived from Silicon Valley Multifamily Group (SVMG) its directors, officers, agents, advisors, and/or any third party sources are provided without representation or warranty as to completeness,

veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the

property for any party’s intended use or any and all other matters.

Neither SVMG its directors, officers, agents, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information

from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significant chance to such party. SVMG will

not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. PLEASE NOTE: The Seller(s) desires to sell the property in "its present physical condition (as-is) subject to inspection and reports.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct

their own inspections and investigations including those through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable

documents and reports and consulting appropriate independent professionals. SVMG makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. SVMG does not

serve as a financial advisor to any party regarding any proposed transaction. When analyzing this property buyer should use income, vacancy and expense levels that will accurately reflect the manner in which it plans to operate the property.

Broker, Agent and Seller are making no representations or warranties as to the level of income or expenses Buyer will

incur at the property.

Building square footage, unit square footage and lot sizes are not guaranteed. Broker, Agent and Seller have not measured the units, lot or the building and are making NO representation as to the accuracy of square footage figures.

Data source for building size and lot size is provided by an online resource such as that provided by Chicago Title

Company. SVMG is not responsible for errors in the data. Buyer should measure all units, lot and the building prior to purchase and should not rely on any square footage figures provided by Broker, Agent or Seller.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party

do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to

determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed

by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers,

architects, contractors, other consultants and governmental agencies.

• Do Not Disturb -- Please respect the Seller's request that the tenants not be disturbed. Unless otherwise indicated, alloffers are to be written subject to inspection. The Seller will provide access for the Buyer to inspect the interiors of all

units within a reasonable period following a fully executed purchase contract. Seller requests that all inspections bemade on the same day.

• Representation -- This information is given with the understanding that all negotiations relating to the purchase of the

property described herein shall be conducted through SVMG.

All properties and services are marketed by SVMG in compliance with all applicable fair housing and equal opportunity

laws.


DISCLAIMER

Live/Work Properties1260, 1264, 1268 Gray Hawk Lane | Suisun City, CA 94585

57

Ting Liu

408-356-1900

[email protected]

OFFERING MEMORANDUM NOTES

Gross Annual Scheduled Income & the Gross Rent Multiplier are based on current rents shown in the Rent Roll.

These rent levels are current rent levels at the time this package was prepared and subject to change without notice. Buyer should review most recent rent roll prior to purchase. The laundry income was based on either previous year

actual levels or annualized current income. Gross Annual Scheduled Income & Gross Income Multiplier (Market or Pro Forma) assumes the units are all

rented at the rent levels shown in the Pro Forma Summary. These rent levels are not guaranteed to be achievable by

Seller, Broker or Agent. Buyer should use rent levels it thinks it can obtain for the subject property. Capitalization Rate is based on rents, expenses and vacancy figures shown in the Operating Statement. Pro Forma Capitalization Rate is based on rents, expenses and vacancy figures shown in the Pro-Forma Operating

Statement Pro-Forma (Market) column. See Pro Forma Operating Statement Footnotes and Disclaimers in this

section of the Offering Memorandum.

Year Built: Data source is provided through the Chicago Title Company online resource. Seller, Broker and Agent

are making no guarantee or representations as to when the improvements were built. Buyer should conduct its own

investigation to determine age of improvements.

UNIT MIX/SCHEDULED INCOME OVERVIEW FOOTNOTES

Current Rent Column is based on current rents shown in the Rent Roll. These rent levels are current rent levels at

the time this package was prepared and subject to change without notice. Buyer should review most recent rent roll

prior to purchase.

Pro Forma or Market Rents assumes the units are all rented at the estimated market rent levels shown in the rent

roll. Please note that current rents are not at these levels. Pro Forma rent levels are not guaranteed to be achievable

by Seller, Broker or Agent. Buyer should use rent levels it thinks it can obtain for the subject property.

Purchase Information including Fair Market Value, Resale Valuation and Resale Expenses are provided for illustrative purposes only and will vary depending on market conditions and other factors. SVMG, its Brokers and

Agents can not be held accountable for these numbers. Buyer should use the numbers it thinks most appropriate.

Financial Information including Down Payment, Closing Costs, LT Capital Gain, Federal and State Tax Rates and the Discount Rate are provided for illustrative purposes only. Actual numbers may, and probably will, vary depending

on the Buyer’s individual situation. Loans This information is provided for illustrative purposes only. Buyer should use the loan information he or she

thinks attainable and realistic for the property.

Annual Property Operating Data Notes and Disclaimers

Rental Income is based on current rents shown in the Rent Roll

Miscellaneous income is based upon information provided by the owner or manager.

General Vacancy is estimated to be at current market levels or provided by owner. Taxes are estimated based on list price and based on current tax rate reported by Santa Clara County.

Other Expenses All other expenses are as reported by owner or property manager. Loan Payment is based upon information provided in the LOANS section of page 4. Buyer should use the loan

information it thinks attainable and realistic for the property. Income Taxes is based upon a 33% or greater tax rate and is provided for illustrative purposes only. Buyer should

consult with a licensed tax professional in determining the most realistic and appropriate tax rate.

NOTE: THE 5 or 10 YEAR PROJECTIONS ARE PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY. BUYER

SHOULD USE THE PROJECTIONS HE or SHE THINKS ARE REALISTIC AND ATTAINABLE.

Rent Roll Notes

General Notes: Rent levels, occupancy, deposit amounts and terms are subject to change without notice. Move-In

dates are subject to change as units turnover. Buyer should obtain updated information and confirm all rent levels,

lease terms, move-in dates, amount of last rental adjustment and deposit amounts prior to purchase.

Market Rent column reflects projected rents, not current rent levels. Projected rent levels are not guaranteed to be

achievable by seller. Broker should use current rent levels it thinks it can obtain for the subject property.


1260, 1264, 1268 gray hawk ln, portfolio price: $2,100,000 · 2020-07-23 · 235 oak meadow drive...

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