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18289-18323 Sierra Hwy Santa Clarita, Ca 91387

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18289-18323 Sierra Hwy Santa Clarita, Ca 91387 FEB TO SEPT 2021 6 Mos. No Mortgage Pmt on SBA Loans OFFERING MEMORANDUM | LISTING PRICE: $3,900,000 18289-18323 SIERRA HWY SANTA CLARITA, CA 91387 OWNER-USER MEDICAL OFFICE CONVERSION OPPORTUNITY This Memorandum (“Offering Memorandum”) has been prepared by Hudson Commercial Partners, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice. This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Hudson Commercial Partners, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property. This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum. This Memorandum is being delivered by Hudson Commercial Partners Inc. to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers. Hudson Commercial Partners, Inc. reserves the right to request the return of any or all of the information enclosed. TABLE OF CONTENTS SECTION ONE 03 EXECUTIVE OVERVIEW SECTION TWO 13 PROPERTY INFORMATION SECTION THREE 19 LOCATION OVERVIEW © 2019 Hudson Commercial Partners, Inc. The information contained in this document has been obtained from sources believed reliable. While Hudson Commercial Partners, Inc. does not doubt its accuracy, Hudson Commercial Partners, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. 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. Hudson Commercial Partners, Inc. logo are service marks of Hudson Commercial Partners, 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. Click here to get the map in PDF Click here to get the map in TIF PLAT MAP 18289-18323 SIERRA HWY, SANTA CLARITA, SANTA CA SIERRA HWY, 91387 18289-18323 SUBJECT PROPERTY Click here to get the map in PDF Click here to get the map in TIF SIERRA HWY HWY SIERRA SIERRA 18289-18323 SIERRA HWY, SANTA CLARITA, SANTA CA SIERRA HWY, 91387 18289-18323 SUBJECT PROPERTY DOLAN WAY EXECUTIVE OVERVIEW EXECUTIVE SECTION 1 1 SECTION | PROPERTY OVERVIEW Hudson Partners is pleased to present 18289-18323 Sierra Hwy. Situated on the corner of Sierra Highway and Dolan Way, this property boasts 16,684 SF (15,342 assessor SF) on a parcel totaling 35,284 SF. The property is located just around the corner from the newly constructed Canyon Country Community Center. For Owner-Users, this property presents an opportunity to build equity while simultaneously subsidizing mortgage payments by leasing some of the 20 suites on site. As of Feb. 2nd, SBA is offering borrowers 6 months of no mortgage payments, a unique opportunity for Owner-Users to build out space while stabilizing the asset. For Medical Owner-Users, this property’s extensive parking (65 gated spaces) allows for a portion of the SF to be converted to medical office (Buyer to conduct independent due diligence). Due to the COVID-19 pandemic, there has been a flight of capital to suburban markets. Low inventory of potential medical office space in the Santa Clarita submarket makes this property an attractive opportunity for medical office owner-users. HIGHLIGHTS • 20 Suites • Ample Gated Parking (65 Spaces) • Easy Access to 14 Freeway • 1988 Construction • Well-maintained w/MTM Tenancy 5 — 18289-18323 SIERRA HWY | SANTA CLARITA, CA 91387 PROPERTY DESCRIPTION SITE DESCRIPTION PHYSICAL DESCRIPTION DESCRIPTION SPECIFICATION DESCRIPTION SPECIFICATION RENTABLE SF 16,684 SF CONSTRUCTION TYPE Wood-frame Stucco ASSESSOR SF 15,342 SF ROOF Rolled Composition PARCEL AREA 35,284 SF FOUNDATION Concrete Slab PARCEL NUMBER 2844-030-005 FIRE PROTECTION Extinguisher BUILDING TYPE Two-Story Free Standing Office/Retail HVAC Package Units NUMBER OF STORIES 2 Stories ZONING C3-RPDSO METERS Individually Metered PARKING 65 Spaces CEILING HEIGHT 11.5 ft YEAR BUILT 1988 ELEVATOR None TENANCY Multi (20 Suites) SIGNAGE Eyebrow Signage LOT DIMENSIONS 151' x 251' x 201' x 153' PARKING RATIO 3.58/1,000 SF STREET FRONTAGE 115' on Sierra Hwy CROSS STREET Dolan Way / Sierra Hwy HIGHWAY ACCESS 14 Freeway 118289-18323 SIERRA HWY| SANTA CLARITA, CA 91387 — 6 USER OCCUPANCY COSTS OWN VS. RENT ANALYSIS ESTIMATED OPERATING | USER OCCUPANCY COSTS SUMMARY TERMS DESCRIPTION ESTIMATED PSF PRICE $3,900,000 TAXES (1.125%) $43,750 $2.92 DOWN PAYMENT (10%) $390,000 BUILDING SIZE 16,684 SF INSURANCE $5,839 $0.35 PRICE PER FOOT ON BUILDING $233.76 UTILITIES $19,185 $1.15 LOT SIZE 35,284 SF PRICE PER FOOT ON LAND $110.53 REPAIRS & MAINTENANCE $8,342 $0.50 YEAR BUILT 1988 ZONING C3-RPDSO CAPITAL RESERVES/MISC $5,005 $0.30 LOAN ASSUMPTIONS TOTAL OPERATING EXPENSES $87,121 $5.22 SUMMARY TERMS DEBT SERVICE $191.088 $11.45 LOAN AMOUNT $3,510,000 LOAN TYPE SBA 90% TOTAL OCCUPANCY COSTS $278,209 $16.75 INTEREST RATE 2.5% MONTHLY OCCUPANCY COSTS $1.39 PSF AMORTIZATION 25 Years (before tax advantages of ownership) MONTHLY PAYMENT $15,924 Note: Buyer can aquire with 10% down Payment, with SBA Financing. Larger down payments will compress occupancy costs even further. 7 — 18289-18323 SIERRA HWY | SANTA CLARITA, CA 91387 LEASE VS. OWN 16,684 SF 16,684 SF LEASE SCENARIO PER/SF AMOUNT OWN SCENARIO PER/SF AMOUNT LEASE ASSUMPTIONS: PURCHASE ASSUMPTIONS: Rent Per Month $18,352 Purchase Price $234 $3,900,000 Improvements - Additional $0 $0 Rent Per SF Retail Gross $1.10 Total $234 $3,900,000 START-UP COSTS: START-UP COSTS: Borrower cash down payment (20%) $390,000 Prepaid rent and security deposit (2 mo.’s total) $36,705 Estimated fees on 1st mortgage** $17,550 Lessee TI costs, net of lessor TI allowance** $0 Est. appraisal, environmental, other fees** $5,000 Total startup costs $36,705 Total startup costs $412,500 GROSS MONTHLY COSTS: GROSS MONTHLY COSTS: Rent payment $1.10 $33,029 Mortgage payment $0.95 $15,924 Lease operating costs** $0.50 $4,235 Ownership operating costs** $0.44 $7,258 Gross monthly cash cost $1.60 $37,264 Gross monthly cash cost $1.39 $23,182 LEASE BENEFITS (PER MONTH): OWNERSHIP BENEFITS - EXCEL. APPRECIATION (PER MONTH): Depreciation tax benefit at 35% tax rate $0 $0 Depreciation tax benefit at 35% tax rate $0.14 $2,333 Avg. monthly principal paydown | equity build $0 $0 Avg. monthly principal paydown | equity build $0.62 $10,265 Tax benefit on rent deduction at 35% tax rate $0.39 $6,423 Tax benefit on rent deduction at 35% tax rate $0.17 $2,822 Tax benefit on operating costs at 35% tax rate $0.18 $2,920 Tax benefit on operating costs at 35% tax rate $0.15 $2,540 Lease-out income (net of tax at 35% rate) $0 $0 Lease-out income (net of tax at 35% rate) $0.00 $0 Interest on startup cost difference (net of 35% tax) -$0.04 -$611 $0.0 $0 $1.04 $17,832 $0.56 $9,343 NET COST AFTER OWNERSHIP BENEFITS EXCEL APPRE: $0.35 $5,832 NET COST AFTER LEASE BENEFITS: $1.04 $17,351 Est. appreciation benefit, per month $0.39 $6,500 Est. appreciation benefit, per month $0.00 $0 NET COST AFTER OWNERSHIP BENEFITS INCL. APPRE: -$0.04 -$668 NET COST AFTER LEASE BENEFITS $1.04 $17,351 PROJECTED RENT COST IN YEAR 10 Net rent cost (after tax benefits at 35% rate) $1.36 $22,640 GROWTH IN PROPERTY VALUE & OWNER EQUITY Assumed annual rent escalation 2.5% ANALYSIS LIMITATIONS: ASSUMED ANNUAL APPRECIATION RATE OF: 2.0% THIS ANALYSIS DOES NOT INCLUDE SUPPLEMENTAL INCOME STREAM FROM POTENTIAL BORROWER DOWN PAYMENT (10%): $390,000 TENANTS - LOWERING OCCUPANCY COSTS SIGNIFICANTLY PROPERTY VALUE LOAN BALANCE OWNER EQUITY Disclaimer: This sample analysis is based on a series of assumptions, including loan interest rates and annual appreciation rates, and is meant only to be illustrative in nature. The analysis is not a guarantee of any actual results of any loan or purchase transaction or ownership Year 5 $4,305,915 $2,949,391 $1,356,524 of any real property, all of which are subject to risks, uncertainties and assumptions that are difficult to predict and beyond our control.
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