3589 nevada street | pleasanton, ca
TRANSCRIPT
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O f f e r i n g M e m o r a n d u m 3 5 8 9 N e v a d a S t r e e t | P l e a s a n t o n , C A
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Lloyd H. BakanPrincipal 650.425.6418 [email protected] License # 00914232
Presented by:
Jon S. GearySr. Investment Specialist 650.425.6415 [email protected] License # 01957003
C l i c k f o r P r o p e r t y T o u r
33
Property Details
Asking Price $5,238,000
Property Address 3589 Nevada StreetPleasanton, CA
Building Size +/-15,372 Square Feet (Buyer to verify)
Land Area 42,655 Square Feet
Parcel Number 946-4542-034-00
Zoning PUD-C
Elevator Yes
Year Built 2003
Roll up doors Three (3) in total (2) at rear and 1 at side of building
Roof Condition New roof in 2016 with 10 year warranty
HVAC Four (4) roof-top units servicing the office space
Exterior Condition Newly painted in 2020
Parking Stalls 46 striped spaces
Fire Sprinklers Yes, fully sprinklered
Cell Towers 1 AT&T tower / LED 6-1-2024 / $2,160 - mo
Floors (2) Two
Number of Units Can be demised 3-4 units
Electric Meters 4 (3 meters & house meter)
Power/Amps Equipped with 1,200 amps
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Site Plan
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Building Features
A new owner will benefit from the existing AT&T cell tower located on the roof of the building. The current rent is $2,160 per month. The lease commenced June 1, 2014 and expires June 1, 2024. There are three (3) five (5) year options remaining. The rent for each option increases by 8.0%.
The building is currently being used by a commercial printing company that demands heavy power for its machinery. The owner has upgraded the power in the building to 1200 amps.
In 2018 the owner installed a new roof on the building. The roof comes with a 10 year warranty and is in excellent condition.
The building is situated on approximately 42,665 square feet of land. This large lot provided for approximatly 46 parking stalls with the ability to park additional vehicles in the rear portion of the lot behind the building.
The building is currently used by a single tenant. However the building was originally designed for up to 4 separate tenants. There are 4 (3+ house meter) seperate meters and a buyer can use a portion of the building and lease out the balance of the space as needed.
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3589 NEVADA STREETPLEASANTON, CA
3589 NEVADA STREETPLEASANTON, CA
1313
1 MI RADIUS
3589 NEVADA STREETPLEASANTON, CA
Area Overview
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1515
Demographics
1 Mile 3 Mile 5 MilePo
pula
tion
2026 Projection 16,032 80,000 179,557
2021 Estimate 15,629 77,744 173,592
2010 Census 13,216 64,219 138,259
Growth 2021-2026 2.58% 2.90% 3.44%
Growth 2010-2021 18.26% 20.93% 25.56%
Hou
seho
lds
2026 Projection 6,058 29,352 64,141
2021 Estimate 5,907 28,523 62,034
2010 Census 5,002 23,576 49,549
Growth 2020-2025 2.56% 2.91% 3.40%
Growth 2010-2020 18.09% 20.98% 25.20%
Owner Occupied 4,070 19,249 42,068
Renter Occupied 1,837 9,273 19,967
Inco
me
2020 Average Household Income $184,165 $188,988 $183,675
2020 Median Household Income $166,631 $170,333 $162,920
Income <$25,000 456 1,796 3,515
Income $25,000-$50,000 452 1,620 3,658
Income $50,000-$75,000 361 1,536 4,316
Income $75,000-$100,000 441 2,440 5,203
Income $100,000-$125,000 416 2,552 6,051
Income $125,000-$150,000 512 2,590 5,085
Income $150,000-$200,000 947 4,714 10,524
Income $200,000+ 2,321 11,465 23,212
Confidentiality & Disclaimer
avisonyoung.com © 2020 Avison Young - Northern California, Ltd. All rights reserved.
Lloyd H. BakanPrincipal 650.425.6418 [email protected] License # 00914232
Jon S. GearySr. Investment Specialist 650.425.6415 [email protected] License # 01957003
This Confidential Offering Memorandum (the “Memorandum”) has been prepared and presented to the recipient (the “Recipient”) by Avison Young - Northern California (“Avison Young”) as part of Avison Young’ efforts to market for sale the property located at 3589 Nevada Street, Pleasanton, California (the “Property”). Avison Young is the exclusive agent and broker for the owner(s) of the Property (the “Owner”). Avison Young is providing this Memorandum and the material contained in it to the Recipient solely to assist the Recipient in determining whether the Recipient is interested in potentially purchasing all or part of the Property. Avison Young also is providing this Memorandum and the material in it to the Recipient with the understanding that the Recipient will independently investigate those matters that it deems necessary and appropriate to evaluate the Property and that the Recipient will rely only on its own investigation, and not on Avison Young, the Owner or this Memorandum, in determining whether to purchase the Property.
Please Note the Following: Avison Young, the Owner and their respective agents, employees, representatives, property managers, officers, directors, shareholders, members, managers, partners, joint venturers, corporate parents or controlling entities, subsidiaries, affiliates, assigns and predecessors and successors-in-interest make no representations or warranties about the accuracy, correctness or completeness of the information contained in this Memorandum. The Recipient is urged not to rely on the information contained in this Memorandum and to make an independent investigation of all matters relating to the Property.
This Memorandum includes statements and estimates provided by or to Avison Young and/or the Owner regarding the Property. Those statements and estimates may or may not be accurate, correct or complete. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements and estimates. Further, nothing contained in this Memorandum should be construed as representation or warranty about any aspect of the Property, including, without limitation, the
Property’s (1) past, current or future performance, income, uses or occupancy, (2) past, current or prospective tenants, (3) physical condition, (4) compliance or non-compliance with any permit, license, law, regulation, rule, guideline or ordinance, or (5) appropriateness for any particular purpose, investment, use or occupancy. Again, the Recipient is urged not to rely on this Memorandum and the statements and estimates in it and to make an independent investigation regarding the Property and the statements and estimates contained herein.
This Memorandum may include statements regarding, references to, or summaries of, the nature, scope or content of contracts and/or other documents relating to the Property. Those statements, references or summaries may or may not be accurate, correct or complete. Additionally, Avison Young may not have referenced or included summaries of each and every contract and/or other document that the Recipient might determine is relevant to its evaluation of the Property. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements, representations or summaries. On request and as available, and subject to the Owner’s consent, Avison Young will provide the Recipient with copies of all referenced contracts and other documents. Avison Young assumes no obligation to supplement or modify the information contained in this Memorandum to reflect events or conditions occurring on or after the date of its preparation of this Memorandum. More detailed information regarding the anticipated terms, conditions and timing of any offering by the Owner relating to the Property will be provided in due course by separate communication. Avison Young and/or the Owner reserve the right to engage at any time in discussions or negotiations with one or more recipients of this Memorandum and/or other prospective purchasers of the Property without notice or other obligation to the Recipient.
E X C L U S I V E A D V I S O R S