905 Highland Pointe Dr., Roseville, Ca 95678 Investment Purchase Or Owner User
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905 HIGHLAND POINTE DR., ROSEVILLE, CA 95678 INVESTMENT PURCHASE OR OWNER USER Robb Osborne Brandon Sessions Partner Senior Vice President DRE #01398696 DRE #01914432 (916) 789-3337 (916) 789-3339 [email protected] [email protected] www.osbornegroupcre.com The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein. PROPERTY OVERVIEW 905 Highland Point Drive is a single-story, multi-tenant, office building located in highly desirable area of Roseville, CA. The Property consists of two suites totaling approximately ±12,978 rentable square feet. The building was built in 2006 and is located at the hard intersection of Pleasant Grove Boulevard and Highland Pointe Drive. The building is constructed with masonry and wood framing and enjoys professional finishes, high-end interior design, and ample office parking. The building is fully leased with two tenants in place, but can also be available as an ‘owner-occupied’ purchase. Morgan Stanley (formerly ETrade) occupies approximately ±4,755 SF (Suite A) with a Lease Expiration of July 31, 2024 and FNC Title Services occupies approximately ±8,223 SF (Suite B) with a Lease Expiration of April 15, 2024. PURCHASE PRICE: $4,400,000 The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein. PROPERTY HIGHLIGHTS The property enjoys excellent access to various shopping, retail Custom Map and restaurant amenities with Pleasant Grove Marketplace located directly west and Pleasant Grove Pointe to the south – all in walking distance.Blue OTheaks retail B lvd centers feature major retailers such 65 F as Walmart, Target, Sams Club, Costco, Nugget Markets, Lowe’s, a i rw d Ma WinCo, Total Wine, Kohl’s, PetSmart, and more. 905 Highland Point ay v ple C D re r e Drive is located within the Roseville/Rocklin Submarket, an affluent k D n Blvd r H R Submarket of the Greater Sacramento Market. ig o h s ngto ant Grove Bl l i and Pa ebr y Dr as e idg l rk e Dr P Dr rwa i Wash Roseville is located in Placer County, California. Roseville is the Highland Fa Reserve ter Lake Cra Dr county’s largest city and part of the Sacramento metropolitan area. Marketplace It’s the third largest city in Greater Sacramento after Sacramento and Elk Grove. In recent years, Roseville has been consistently ranked Melba And St William "Al" an as one of the top cities in the United States in which to live. In 2020, Erven Park fo rd R Roseville has an estimated population of over 135,000. R o anc d Fairway Fairway Creek s v 65 e l Commons I v h nd ill e B Fair wa y Dr Rd u e • ±12,978/SF available ov s P r tr L kwy i ial n t G c • Fully improved, freestanding, single story office building n o l Ave Harold T Bizz John n Ave • Excellent visibility along major regional thoroughfare Dr Stanford Ranch tle s Highland Pleasa Tre Gibs • Excellent traffic counts at 53,533 daily Reserve South on D r • Walking distance to Hwy 65, numerous shops and restaurants son Expy Halliss y Dr • Parking: ± 56 stalls (approximately 4.31/1000 SF) D es ti ny • APN: 363-021-014 D r • Immediate access to Highway 65 at Pleasant Grove Exit we ll Dr 65 Treho ir a C ri e l l Ga Westfield Creekside Town Source: ©2020 Esri. Ro Galleria at Center seville Pkwy Wash Roseville February 03, 2021 i n gto ©2021 Esri The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.Page 1 of 1 n B lv d Purchase Price: $4,400,000.00 Down Payment (30%): $1,320,000.00 Mortgage*: $3,080,000.00 Cap Rate: 6.42% FINANCIAL ANALYSIS Cash on Cash: 6.48% Square Footage & RENT ROLL 12,978 Annual Monthly SF/Month Rental Income $297,523.08 $24,793.59 $1.91 NNN Reimbursement: $99,327.56 $8,277.30 $0.64 - Vacancy (5%): $14,876.15 $1,239.68 $0.10 $381,974.49 $31,831.21 $2.45 Maintenance: Janitorial $8,123.23 $676.94 $0.05 Pest $840.00 $70.00 $0.01 HVAC Contract Maintenance $1,275.00 $106.25 $0.01 Door Access Control $156.00 $13.00 $0.00 Fire Alarm Monitoring $1,078.65 $89.89 $0.01 Management Fees: $7,200.00 $600.00 $0.05 Repairs: $9,000.00 $750.00 $0.06 Utilities: $5,565.63 $463.80 $0.04 Association Assessment: $14,726.05 $1,227.17 $0.09 Insurance: $3,403.00 $283.58 $0.02 Property Taxes: $47,960.00 $3,996.67 $0.31 Total Expenses: $99,327.56 $8,277.30 $0.64 NOI: $282,646.93 $23,553.91 $1.81 Debt Service*: $197,156.85 $16,429.74 $1.27 Total: $85,490.08 $7,124.17 $0.55 *30% Down, 25 yr amort, 4% interest Suite Tenant Square Footage Lease Expiration Rent Type Monthly Base Rent Annual Base Rent Annual Increases A Morgan Stanley (Etrade) 4,755 7/31/2024 NNN $9,985.50 $119,826.00 $0.05/SF B FNC Title Services 8,223 4/15/2024 NNN $14,808.09 $177,697.08 $0.05/SF The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein. FLOOR PLAN ±12,978 Rentable Square Feet Floor Plan Not To Scale The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein. PHOTOS Click Here To View All Photos The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein. Walmart, Sams Club, Target, Lowe’s, Nugget Markets, WinCo, Ashley Furniture, AERIAL Kohl’s, PetSmart, BevMo, Big Lots, 99 Cents Store, Golden 1 Credit Union, Starbucks, GameStop, The UPS Store, Wendy’s, Chick-fil-A, Panera Bread, Sonic Drive-In, Mattress Firm, Wingstop, Krispy Kreme, In-N-Out Burger, Chipotle, Dickey’s BBQ Costco, Total Wine & More, Guitar Center, Staples, Party City, Dick’s Sporting Goods, Sprouts Farmers Market, Ross Dress For Less, AT&T Store, Goodwill, Golf Galaxy, Joann Fabrics, Starbucks, McDonald’s, El Pollo Loco, Huckleberry’s, Fairway Express Lube, Cosmo Prof, Black Bear Diner, Red Wing Shoes, Fairway Dr Rubio’s Coastal Grill, Wayback Pleasant Grove Blvd Burgers, Fairway Car Wash, Havoline Xpress Lube, Bassett Home Furnishings, Les Schwab Tire Center 905 Highland Pointe Dr The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein. DEMOGRAPHICS KEY FACTS Market Overview EDUCATION 905 Highland Pointe Dr, Roseville, California, 95678 106,709 36.3 Population 3 MILE RADIUS 4% Median Age 2.7 No High School $89,631 Diploma 17% 37% 41% Average Median Household High School Some College Bachelor's/Grad/P Household Size Income Graduate rof Degree HOUSING STATS BUSINESS $437,555 $13,755 $1,400 5,471 61,557 Median Home Value Average Spent on Median Contract Mortgage & Basics Rent Total Businesses Total Employees EMPLOYMENT COMMUTERS 74% 13% 13.6% 20% 80.4% White Collar Services Spend 7+ hours commuting to Drove Alone to Work 13% and from work per week Blue Collar Unemployment Rate Source: This infographic contains data provided by Esri, American Community Survey (ACS), Esri and Bureau of Labor Statistics, Esri and Infogroup, Esri and GfK MRI. The vintage of the data is 2020, 2025, 2014-2018. The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein. 905 HIGHLAND POINTE DR., ROSEVILLE, CA 95678 INVESTMENT PURCHASE OR OWNER USER Robb Osborne Brandon Sessions Partner Senior Vice President DRE #01398696 DRE #01914432 (916) 789-3337 (916) 789-3339 [email protected] [email protected] The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein..