Triple Net SA Recycling Facility

Transcription

1 exclusive commercial offer i ng Triple Net SA Recycling Facility 1599 W. Betteravia Road., Santa Maria, CA Lee & Associates LA North/Ventura, Inc. WARREN A Member of the Lee & Associates Group of Companies National Director, Lee Advisory Group President, Berzack Investment Property Advisors Corporate ID # Lic. # Ventura Blvd., Suite 100 Sherman Oaks, CA P: F: wberzack@lee-re.com

2 TENANT INFORMATION SA Recycling is a one-stop, full service Recycling Operation. They operate more 70 recycling facilities conveniently located throughout California, Texas, Arizona, Nevada, Georgia, Alabama and Tennessee. They provide a complete range of recycling services for Ferrous and Nonferrous Metals, Plastics, Electronics and Cardboard. Their operations include complete shredding, shearing and sorting facilities, baling, torching and auto crushing, as well as automobile and appliance decommissioning. Operations include a complete fleet of trucks, containers and trailers, and they operate the two port loading facilities in the southwest United States. Their full range of services are designed to meet the recycling needs of everyone from the individual recycler to the largest manufacturers. They understand the importance of recycling to the local economy as well as the global trade market. By processing millions of tons of scrap each year, SA Recycling aids in meeting the demands of both domestic and international manufacturers. They closely monitor market trends to offer our customers the most competitive prices, and create strong customer relationships through honesty and integrity. Their facilities are designed with safety and efficiency in mind for both employees and customers. Their equipment is maintained and updated regularly and scales are calibrated quarterly. Several of their facilities employ state-of-the-art Mega-Shredders that shred large volumes of metal in just seconds, supplying a refined form of ferrous metal that steel mills prefer. Their innovations include an industry-first sorting system designed to improve our ability to recover aluminum, brass and other non-ferrous metals from the shredded ferrous material. The impact recycling has on our environment is of great concern to us. SA Recycling is responsible for diverting millions of tons of material away from our landfills, resulting in cleaner air and water for everyone. The mission of SA Recycling is to redefine the Scrap Metal Industry to meet today s challenges and tomorrow s opportunities by being the industry leader in safety and environmental compliance, by building lasting customer relationships, by fostering professional growth for our employees, and by sharing our success with the community.

3 SA RECYCLING CORPORATE 1599 W. BETTERAVIA RD., SANTA MARIA, CA FINANCIAL INDICATORS: PROPERTY ABSTRACT: Purchase Price: $2,950,000 Type: Single Tenant NNN Down Payment: $2,950,000 Parcel Number: Down Payment %: 100% Approx. Lot Size: 137,214 Current CAP Rate: 5.98% Approx. Net SqFt: 2,000 Price Per Foot: $21.50 Lease expires: 2/28/33 Cash on Cash Return: 5.98% Plus 4 x 5 year options New financing available 1st $0loan 0 00% % Original 360 Amort Annual $0 PMT ANNUALIZED OPERATING DATA: Annual Rent Cap Rate Cash Flow % Return $168,000 3/1/13 to 2/28/ % $168, % $176,400 3/1/18 to 2/28/23 6.0% $176, % $185,220 3/1/23 to 2/28/28 6.3% $185, % $194,481 3/1/28 to 2/28/33 6.6% $194, % $204,205 Option #1 (FMV) 6.9% $204, % $214,415 Option #2 (5% bump) 7.3% $214, % $225,136 Option #3 (5% bump) 7.6% $225, % $236,393 Option #4 (5% bump) 8.0% $236, %

4 PROPERTY PHOTOS

5 SA R E C Y C L I N G C O R P O R AT I O N AREA INFORMATION The city of Santa Maria is located in California s Central Coast region a 15-minute drive inland from the Pacific Ocean in Santa Barbara County. Santa Maria s population of 104,404 residents ranks it as the largest city in the County, and the city has been honored to win designation as an All-America City by the National Civic League. Santa Maria is a young, family-oriented community, and the city offers numerous amenities suited to its demographic. Development After $120 million was spent on residential development in 2016, Santa Maria is seeing another development spurt with19 more residential projects; more than 50 commercial and industrial projects and 14 mixed use projects either underway or in planning or proposal stages. Downtown The city was awarded a $300,000 grant from CalTrans for a downtown renovation project and is currently developing a plan for the effort. New Business Forty businesses were added to Santa Maria this year and another dozen companies have announced plans to open in the city including Lowe s and Coast Hills Credit Union. Enos Ranch Among the largest projects underway, the $200 million Enos Ranch development will include retail, restaurants and a 318 unit apartment complex. Costco has already opened on the site and developers say the shopping center is already 100 percent leased investment propert y advisors

6 SA R E C Y C L I N G C O R P O R AT I O N AERIAL MAP SITE PLAN investment propert y advisors

7 AMENITIES AERIAL