4327 GOLDEN CENTER DRIVE Placerville, CA

±7,500 SF FULLY LEASED SINGLE TENANT MEDICAL/OFFICE INVESTMENT

OFFERING MEMORANDUM

TOM CONWELL Managing Director 916 569 2380 [email protected] CA RE License #01394155 SUMMARY HIGHLIGHTS Health Tenant: Services APN #: Building Size: Built: Zoning: 1988 Type:Property Location: Occupancy: Placerville, Address: Ca. Offering Price: 95667 • • • • • • • uses canbeeasily repurposed formultipleProperty Road witheasy access to Highway 50 Excellent Visibility andcloseto Missouri Flat Express neighborhood retail center, andPanda Walmart buildings, andSeniorHousingProject’s, Excellent LocationAdjacentto various medical El Dorado CountyCommunity HealthCenter 100% Occupancy -Single Tenant Total Square Footage: ±7,500 Cap Rate:8%(On2019Income) Offered at$1,395,000 El Dorado County Community 327-212-008 ±7,500 square feet Community Commercial Office-Medical El Dorado County 100% -Single Tenant 4327 GoldenCenterDrive $1,395,000

THE OFFERING arterial to US Highway 50.arterial which connectsto MissouriFlatRoad,amain Located onacornerlotalongGoldenCenter Drive citizen demographic inthisarea. the highdemandinthisarea to caterto thesenior to repurpose this investmentopportunity to satisfy a oneyear optionto renew, theinvestor hasthe Given thelease expiration of October 31,2021with desirable foothillcommunities. Living, Day Care, etcinoneofCalifornia’s into multipleuses such asAssistedbe converted to ownafree standing medicalbuildingthatcan This offering provides aninvestor theopportunity investment. conveniently locatedclose to thefront doorofthis (CC) whichallows formultipleuses.Abusstop is acres oflandandiszoned Community Commercial A ±7,500square footstand alonebuildingon±0.75 GALLERY

PHOTO GALLERY

4327 Golden Center Drive, Placerville, CA. 3 PHOTO GALLERY

4327 Golden Center Drive, Placerville, CA. 4 EXECUTIVE SUMMARY

±43 Miles to Sacramento ±23 Miles to Folsom

Herbert C. Green Middle School

Gold Country Retirement Community Gold Country Retirement Center

SITE Marshall Pediatrics

Orthodontist Office El Dorado County Office of Education

Dental Office

4327 Golden Center Drive, Placerville, CA. 5 PROPERTY DESCRIPTION CONSTRUCTION SUMMARY

Construction Type: Wood frame walls and truss roof.

Exterior: Wood siding.

Foundation: Reinforced concrete slab on grade.

Roofing: Concrete tile roofing system along with membrane

HVAC: HVAC system consists of split package units with condenser located on the roof of building and air handlers.

Fire & Life Safety: Full fire sprinkler system throughout the interior of the building, monitored by a fire life safety system alarm panel

Interior Finishes: The common area, hallways and exam rooms are finished with hard surface VCT tile flooring throughout.

TENANT

EDCHC is a primary care center that serves El Dorado County and provides a full range of family practice services. The center’s focus is to provide exceptional health care for every age.

The center’s focus is to provide exceptional health care for all at every age. They accepts most private insurances, Medi-Cal, Medicare, CoveredCa, the under- insured and those without insurance. The services in their center also include patient advocacy, pharmacy program with patient assistance program for medi- cations, dental, podiatry, behavioral health, and referrals to collaborative orga- nizations within the community. EDCHC is a Federally Qualified Health Center 501(c)(3) and served over 11,000 patients in 2016. The health center receives some HHS funding and has Federal Public Health Service (PHS) deemed status with respect to certain health or health-related claims, including medical mal- practice claims.

4327 Golden Center Drive, Placerville, CA. 6 Floor Plan

4327 Golden Center Drive, Placerville, CA. 7 FINANCIAL OVERVIEW FINANCIAL ANALYSIS

100% Occupied ±7,500 SF

Total Rentable Square Feet ±7,500 SF

Gross Rental Income (1/1/2020) [3] $132,000 [3] Expense Reimbursements $0 Effective Gross Income (EGI) $132,000

Estimated Operating Expenses

Alarm Monitoring (Signal Service) $ 1,308 Property Insurance (Allstate) $ 2,129 Maintenance & Repair $ 369 Real Estate Taxes (1.07% - $1,395,000) $14,926.50

Total Operating Expenses $ 18,732

Net Operating Income $113,267

Cap Rate 8%

Sales Price $1,395,000

Noted & Assumptions: 1. Lease expires on 10/31/2021 with one, one year option to renew 2. Rental increases of 2.5% annually on November 1. Tenant currently pays $11,838 per month 3. Gross Rnetal Income for year ending 2019

4327 Golden Center Drive, Placerville, CA. 8 LOCATION DESCRIPTION AREA OVERVIEW

PLACERVILLE The subject property is located in the western portion of the town of Placerville, in El Dorado County at the south side of Highway 50. The subject’s immediate market is characterized as a commercial area with supporting residential areas nearby. The overall condition and appeal of the neighborhood is considered above average.

EL DORADO COUNTY DEMOGRAPHICS

Population, 2017 estimate 185,015

Median Age 45.5

Median Household Income $80,582 Placerville

Median Property Value (2014-2018) $437,200 Missouri Flat Road

Owner Occupied Housing (2014-2018) 76.6%

Bachelor’s Degree or Higher Age 25+ (2014-2018) 33.7%

Data Source: US Census Bureau & Center for Economic Development at CSU, Chico

Forni Road

4327 Golden Center Drive, Placerville, CA. 9 LOCATION DESCRIPTION AREA OVERVIEW

GREATER SACRAMENTO Sacramento is the capital city of the U.S. state of and the seat of Sacramento County. Located at the confluence of the Sacramento River and the American River in ’s , Sacramento’s estimated 2018 population of 501,334 makes it the sixth-largest city in California and the ninth largest capital in the . Sacramento is the seat of the California Legislature and the , making it the state’s political center and a hub for lobbying and think tanks. Sacramento is also the cultural and economic core of the Sacramento metropolitan area, which had 2010 population of 2,414,783, making it the fifth largest in California. Sacramento is the fastest-growing major city in California, owing to its status as a notable financial center on the West Coast and as a major educational hub, home of Sacramento State University and University of California, Davis. Similarly, Sacramento is a major center for the California healthcare industry, as the seat of Sutter Health, the world-renowned UC Davis Medical Center, and the UC Davis School of Medicine, and notable tourist destination in California, as the site of The California Museum, the Crocker Art Museum, California Hall of Fame, the Museum, and the Old Sacramento State Historic Park. Sacramento is known for its evolving contemporary culture, dubbed the most “hipster city” in California. In 2002, the Harvard University Civil Rights Project conducted for Time magazine named Sacramento “America’s Most Diverse City”. The Sacramento metropolitan area is the fifth largest in California after the metropolitan area, the Bay Area, the , and the metropolitan area, and is the 27th largest in the United States.

SACRAMENTO UNEMPLOYMENT SACRAMENTO HOUSING The unemployment rate in the Sacramen- April 2019 wrapped up with a 13.5% to-Roseville-Arden-Arcade MSA was 3.5% increase in total sales from March, in April 2019, down from a revised 4.2% 2019. Compared to the same month in March 2019, and below the year-ago last year, the current figure is down estimate of 3.6%. This compares with an 6.1%. The median sales price in- unadjusted unemployment rate of 3.9% for creased 5.5%. The current figure is up California and 3.3% for the nation during 4.1% from April, 2018. the same period. The unemployment rate was 3.5% in El Dorado County.

TOP SACRAMENTO EMPLOYERS (2012) Sutter Health State of California Elk Grove Unified School District Sacramento County Sacramento City Unified School District UC Davis Health San Juan Unified School District Dignity Health/Catholic Healcare West City of Sacramento Intel Kaiser Permanente

Data Source: Wikipedia, State of California, Sacramento Association of Realtors

4327 Golden Center Drive, Placerville, CA. 10 TERMS OF OFFERING

Newmark Cornish & Carey (“Broker”) on behalf of the Owner of the property referenced herein (“Property”) present this Confidential Offering Memorandum (“Memorandum”) to assist the recipient(s) (“You” or “Your”) in evaluating the Property and it is intended for Your use only. This Memorandum contains brief, OFFERING PROCESS: selected information pertaining to the Property and should not be considered all-inclusive or permanent. The information in this Memorandum has been Offers should be delivered obtained from sources believed to be reliable, but has not been verified and is not guaranteed. You should independently verify each item of information and to the office of the Exclusive have the same reviewed by Your tax advisor and/or legal counsel. Assumptions, projections, estimates and/or opinions are provided as examples only and all Listing Broker, Newmark information is subject to changes, errors, omissions and/or withdrawal without notice. Broker and Owner assume no responsibility for and make no warranty Cornish & Carey, by fax at as to the accuracy or completeness of any information in this Memorandum. Broker and Owner expressly disclaim any implied or expressed warranties of (916) 920-0854, or by merchantability, fitness for a particular purpose or non-infringement of intellectual property relating to this Memorandum. In no event shall Broker or Owner contacting: be liable for any damages resulting from the reliance on or use of any information in this Memorandum, including but not limited to direct, special, indirect, consequential or incidental damages. By accepting receipt of this Memorandum, You agree to the following: (a) This Memorandum is of a highly confidential nature, will be held in the strictest confidence and shall be returned to Broker upon request; (b) You shall not contact any property manager, employee or tenant of the Property regarding the Property or this Memorandum, without prior approval of Broker or Owner; and (c) You understand and agree that Broker represents Owner and not You. Neither Broker nor Owner shall have any obligation to pay any commission, finder’s fee, or any other compensation to any broker or other person. You may provide information to persons retained to evaluate the Property only after first obtaining a signed confidentiality agreement 980 Ninth Street, Suite 2500 from such persons and providing a copy of such agreement to Broker. By accepting receipt of this Memorandum, you agree to defend, indemnify and hold Sacramento, Ca. 95814 harmless Broker and Owner (including all of their agents, employees, subsidiaries, affiliated entities, successors and assigns) from and against any and all www.ngkf.com claims, disputes, litigation, demands, damages, liabilities, losses, judgments, expenses, fines, contributions, charges, injuries and/or costs and expenses, including reasonable attorneys’ fees, arising or resulting from acts by You.

Legal documents and reports summarized in this brochure are not intended to be comprehensive statements of the terms and contents of such documents To facilitate analysis of and reports. Although Broker and Owner believe the information to be accurate, no warranty or representation is made as to its accuracy or completeness. offers, prospective buyers Interested parties should conduct independent investigations and reach conclusions without reliance on materials contained herein. are encouraged to provide information relative to: funding The Property shall be sold AS-IS, WHERE-IS, WITH ALL FAULTS, and Seller makes no warranties, representations, certifications nor “to the best of my sources, experience in owning knowledge” type statements to the status of the and operating similar properties, Property, the improvements thereon, potential use, economic feasibility, environmental matters, the availability of development rights or permits or any other familiarity with the market and matters. Seller will not incur any obligations that extend beyond the Closing. any other information which is likely to favorably reflect on the offeror’s ability to close this proposed transaction in a timely TOM CONWELL manner. Managing Director 916 569 2380 [email protected] CA RE License #01394155

The distributor of this communication is performing acts for which a real estate license is required. The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice. S:\Brinitzer Leasing\Landlords\Palmer Professional Centre 20-0368 • 3-2020

4327 Golden Center Drive, Placerville, CA. 11