ca_carmichael_carmichael oaks shopping center_om_2-2016

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R E T A I L A D V I S O R SOffering MeMOranduM

CarMiChael Oaks shOpping Center 6406 fair Oaks Blvd, saCraMentO, Ca 95608

Matthews retail advisors

COnfidentialitY & disClaiMer stateMent

this Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of Carmichael Oaks Shopping Center located at 6406 Fair Oaks Blvd, Sacramento, CA 95608 (“Property”) . i t has been prepared by Matthews retai l advisors . this Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. the informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the property. i t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of sel ler or Matthews retai l advisors . the mater ia l is based in part upon informat ion suppl ied by the sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the property, you agree:

1 . the Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the sel ler.

Owner and Matthews retai l advisors expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the property unless and unt i l a wr i t ten agreement for the purchase and sale of the property has been ful ly executed and del ivered.

i f you wish not to pursue negot iat ions leading to the acquis i t ion of the property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is property including this Offer ing Memorandum.

a prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the property, or informat ion provided herein or in connect ion with the sale of the property shal l be l imited to those expressly provided in an executed purchase agreement and shal l be subject to the terms thereof. in no event shal l a prospect ive purchaser have any other c la ims against sel ler or Matthews retai l advisors or any of their af f i l iates or any of their respect ive of f icers , directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the property.

this Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the property s ince the date this Offer ing Memorandum.

eXClusivelY listed BY:

Table of ContentspriCing & finanCial analYsis

investment Overview ..................................................................... 2investments highlights.................................................................. 2executive summary.........................................................................3assumptions .....................................................................................4Operating Overiew......................................................................... 5schedule of prospective Cash flow.......................................... 6schedule of leveraged prospective Cash flow .................... 8rent roll ........................................................................................ 9-11Company Overview - subway .................................................... 12

prOpertY desCriptiOnphysical description ..................................................................... 18Birds eye .........................................................................................20regional Map ..................................................................................21tenant Map.....................................................................................22

deMOgraphiCsCity Overview | Carmichael, Ca ................................................26tourism/Major attractions .......................................................... 27top employers - sacramento County...................................... 27demographics report .................................................................29

kyle B. Matthews, CCiMChairman & CeO direCt +1.310.919.5757 MOBile +1.310.622.3161 [email protected] license no. 01469842

hunter rosenquistassociate direCt +1.310.919.5778 MOBile +1.808.280.0423 [email protected] license no. fa100051725

patrick toomeyManaging partner direCt +1.310.919.5765 MOBile +1.310.403.4984 [email protected] license no. 00881133

p. iv Matthews retail advisors

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pricing & financial analysis

OFFERING MEMORANDUM | Carmichael Oaks Shopping Centerp. 2 Matthews retail advisors

PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS


Matthews retail advisors, as exclusive advisors to the owners, are pleased to present to qualified buyers Carmichael Oaks, an attractive neighborhood center, located in an affluent suburb of California’s capital city, sacramento.

Carmichael Oaks, located on a prime signalized corner on the main thoroughfare in Carmichael, fair Oaks Boulevard (over 42,400 vpd), offers an investor the opportunity to own a value-add shopping center in an irreplaceable in-fill location in one of the most desirable areas of sacramento. the property is currently 70% leased, with over 22% of the gla having signed new leases since august 2015.

the property features appealing architecture as well as monument and fascia signage. Carmichael Oaks also benefits from great lighting, healthy landscaping, and easy access through both arterials.

Investment Overview

Investments Highlights• located in the sacramento Msa, which experienced

population growth of nearly 20% over the last decade

• sacramento is the political center of California, the nation’s most populous state with the largest number of representatives in the u.s. government

• Carmichael is an affluent suburb in the greater sacramento metropolitan area

• high-traffic signalized corner (over 42,400 VPD on fair Oaks Blvd) on the busiest thoroughfare in Carmichael

• Offered well-below its land-inclusive replacement cost at $86 psf

• Rental upside through lease-up (currently 70% occupied)

• Currents rents are at or below market rates

• the property features a large multi-tenant monument sign

• Pro forma cap rate of over 12%

• Carmichael Oaks benefits from having four points of ingress and egress

• the property offers great curb appeal and visibility from the signalized intersection of fair Oaks Boulevard and Marconi avenue

• dense, affluent demographics with over 329,000 people and an average household income of $65,700 in the 5-mile

• nearby retailers include Walgreens, 7 Eleven, CVS, Starbucks, Wells Fargo, Safeway, McDonald’s, Bank of America, Denny’s, Big Lots, Arco, O’Reilly’s Auto Parts, Circle K, Chevron, Rite Aid, Chase Bank, Smart & Final, Burger King, and Auto Zone

Matthews retail advisors p. 3Carmichael Oaks Shopping Center | OFFERING MEMORANDUM


Executive SummaryCarMiChael Oaks shOpping Center6406 fair Oaks Blvd saCraMentO, Ca 95608

list price ..........................................................................................$5,950,000Cap rate - Current .................................................................................... 6.12%gross leasable area ....................................................................... 69,389 sflot size .................................................................... 5.12 acres ( 223,027 sf)Year Built ............................................................................................. 1988/2001




assumptionsproperty timing property Operating parameters

start of analysis 1/1/2016

end of analysis 12/31/2026

analysis period 10 Years

Market financing

ltv 65%

interest rate 4.50%

points 1%

term 10 Years

amortization 25 Years

growth rates:

Market rents 3%

Operating expenses 3%

real estate taxes 2%

Capital reserves 0%

Cpi 3%

Capital expense (Year 1):

Capital reserves $0.15 psf

general vacancy:

general vacancy 5%

Market leasing assuMptiOns

Mla1 <4k 4k-10k 10k+

renewal probability 75% 75% 75% 75%

Market rent (sf/Yr) $15 $12 $15 $10

downtime 6 mo 6 mo 6 mo 6 mo

tenant improvements $25 new/$5 renew $10 new/$5 renew $10 new/$5 renew $20 new/$5 renew

leasing Commissions 5% new/2.5% renew 5% new/2.5% renew 5% new/2.5% renew 5% new/2.5% renew

rent escalation Cpi Cpi Cpi Cpi

lease term 5 years 5 years 5 years 10 years

lease type nnn nnn nnn nnn

Market financing estimate provided by Barrington Capital based on estimated market conditions, which are subject to change. please contact Brian krebs of Barrington Capital for an updated loan quote. Brian may be reached at 818-606-9476.




Operating OveriewintrOduCtiOn and MethOdOlOgY

the following section outlines the assumptions applied in the Operating projection for Carmichael Oaks. as discussed below, the assumptions affecting the Operating projection are based upon review of tenant lease documents; historical, current and budgeted financial statements, reimbursement schedules and tenant sales reports; and are in conjunction with projected income and expense performance, occupancy levels and property operations. the Operating projection was prepared utilizing argus software.

inCOMe:Base rent: Base rental income projections are based upon a thorough review of all existing leases and amendments. the income projection assumes that all tenants with options exercise those options, as outlined in the rent roll.

vaCanCY:a vacancy factor of 5% of non-credit tenants was applied to all revenue.

CaM reimbursements:Common area maintenance (“CaM”) reimbursements are projected in accordance with tenant leases, and ownership’s CaM reconciliation reports.

eXpenses:all expenses are based on the 2014 actuals, with expenses inflated by 3% through 2016. a third party management fee of 3% of base rental revenue has been added to anticipate third party management.




schedule of prospective Cash flowYear 1 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11$ / sf dec-2016 dec-2017 dec-2018 dec-2019 dec-2020 dec-2021 dec-2022 dec-2023 dec-2024 dec-2025 dec-2026

effeCtive grOss revenue

Base rental revenue 743,832 781,721 811,894 834,975 861,850 896,884 903,851 910,669 910,460 926,474 948,225 957,542

absorption & turnover vacancy (268,785) (128,566) (20,083) (6,584) (4,221) (20,443) (49,295) (21,563) (9,403) (33,328) (32,535) (50,893)

Base rent abatements (513) (3,611) (4,516) (2,331) 0 (4,947) (11,124) (4,735) (2,336) (7,473) (5,792) (9,944)

scheduled Base rental revenue 474,534 649,544 787,295 826,060 857,629 871,494 843,432 884,371 898,721 885,673 909,898 896,705

expense reimbursement revenue 131,770 204,505 281,703 300,535 310,327 334,243 337,765 354,357 368,595 369,042 383,857 378,363

total potential gross revenue 606,304 854,049 1,068,998 1,126,595 1,167,956 1,205,737 1,181,197 1,238,728 1,267,316 1,254,715 1,293,755 1,275,068

general vacancy 0 0 (34,371) (50,075) (54,388) (40,866) (12,230) (41,452) (54,433) (31,074) (33,780) (15,405)

tOtal effeCtive grOss revenue 606,304 854,049 1,034,627 1,076,520 1,113,568 1,164,871 1,168,967 1,197,276 1,212,883 1,223,641 1,259,975 1,259,663

Operating eXpenses

exterior Janitorial/dayporter 6,628 6,827 7,032 7,243 7,460 7,684 7,914 8,152 8,396 8,648 8,908 8,908

exterior lighting repairs 2,562 2,639 2,718 2,800 2,884 2,971 3,060 3,151 3,246 3,343 3,444 3,444

landscaping 19,402 19,984 20,583 21,201 21,837 22,492 23,167 23,862 24,578 25,315 26,075 26,075

Monument sign repairs 264 272 280 289 297 306 315 325 335 345 355 355

parking lot sweeping &

Mainten3,510 3,616 3,724 3,836 3,951 4,069 4,192 4,317 4,447 4,580 4,718 4,718

pest Control 133 137 141 145 149 154 158 163 168 173 178 178

tree pruning reserve 2,400 2,472 2,546 2,623 2,701 2,782 2,866 2,952 3,040 3,131 3,225 3,225

utiltiies: gas & electric 11,679 12,029 12,390 12,761 13,144 13,539 13,945 14,363 14,794 15,238 15,695 15,695

utilities: Water - landscaping 5,048 5,200 5,356 5,516 5,682 5,852 6,028 6,209 6,395 6,587 6,784 6,784

exterior Building repairs 237 244 251 259 267 275 283 292 300 309 319 319

fire alarm 9,627 9,916 10,213 10,520 10,835 11,160 11,495 11,840 12,195 12,561 12,938 12,938

sidewalk pressure Washing 2,822 2,907 2,994 3,084 3,176 3,271 3,370 3,471 3,575 3,682 3,793 3,793

hvaC contracted maintenance 14,615 15,053 15,505 15,970 16,449 16,943 17,451 17,975 18,514 19,069 19,641 19,641

plumbing repair/backflow 1,643 1,692 1,743 1,795 1,849 1,905 1,962 2,021 2,081 2,144 2,208 2,208

roof repair/maintenance 9,837 10,132 10,436 10,749 11,071 11,404 11,746 12,098 12,461 12,835 13,220 13,220

utilities: gas & electric 11,678 12,028 12,389 12,761 13,144 13,538 13,944 14,362 14,793 15,237 15,694 15,694

utilities: sewer 13,846 14,262 14,690 15,130 15,584 16,052 16,533 17,029 17,540 18,066 18,608 18,608




Year 1 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11$ / sf dec-2016 dec-2017 dec-2018 dec-2019 dec-2020 dec-2021 dec-2022 dec-2023 dec-2024 dec-2025 dec-2026

utilties: Water $0.12 11,391 11,733 12,085 12,447 12,821 13,205 13,601 14,009 14,430 14,863 15,309

Waste disposal $0.17 17,078 17,590 18,118 18,661 19,221 19,798 20,392 21,004 21,634 22,283 22,951

Management fee $0.18 18,189 25,621 31,039 32,296 33,407 34,946 35,069 35,918 36,386 36,709 37,799

property tax $0.71 70,216 72,322 74,492 76,727 79,029 81,400 83,842 86,357 88,948 91,616 94,364

insurance $0.08 8,376 8,627 8,886 9,152 9,427 9,710 10,001 10,301 10,610 10,929 11,256

tOtal Operating eXpenses $2.44 241,181 255,303 267,611 275,965 284,385 293,456 301,334 310,171 318,866 327,663 337,482

net Operating inCOMe $3.70 365,123 598,746 767,016 800,555 829,183 871,415 867,633 887,105 894,017 895,978 922,493

leasing & Capital COsts

tenant improvements $0.05 5,000 369,558 58,124 20,276 0 68,954 133,428 67,381 23,507 174,973 82,709

leasing Commissions $0.02 1,909 108,147 16,797 8,669 0 18,394 41,367 17,609 8,687 55,818 21,538

Capex $0.15 14,815 14,815 14,815 14,815 14,815 14,815 14,815 14,815 14,815 14,815 14,815

tOtal leasing & Capital COsts $0.22 21,724 492,520 89,736 43,760 14,815 102,163 189,610 99,805 47,009 245,606 119,062

Cash flOW $3.48 343,399 106,226 677,280 756,795 814,368 769,252 678,023 787,300 847,008 650,372 803,431




initial Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 101/1/2016 dec-2016 dec-2017 dec-2018 dec-2019 dec-2020 dec-2021 dec-2022 dec-2023 dec-2024 dec-2025

prOpertY Cash flOW

revenue 606,304 854,049 1,034,627 1,076,520 1,113,568 1,164,871 1,168,967 1,197,276 1,212,883 1,223,641

Operating expense (241,181) (255,303) (267,611) (275,965) (284,385) (293,456) (301,334) (310,171) (318,866) (327,663)

net Operating inCOMe 365,123 598,746 767,016 800,555 829,183 871,415 867,633 887,105 894,017 895,978

Capital expense (21,724) (492,520) (89,736) (43,760) (14,815) (102,163) (189,610) (99,805) (47,009) (245,606)

property Cash flow 343,399 106,226 677,280 756,795 814,368 769,252 678,023 787,300 847,008 650,372

funded Capital expense 0 0 0 0 0 0 0 0 0 0

funded prOpertY Cash flOW 343,399 106,226 677,280 756,795 814,368 769,252 678,023 787,300 847,008 650,372

deBt serviCe

senior interest (209,851) (205,057) (200,042) (194,798) (189,312) (183,574) (177,573) (171,296) (164,730) (157,863)

senior principal (104,359) (109,153) (114,168) (119,412) (124,898) (130,636) (136,637) (142,915) (149,480) (156,347)

Cash flOW after deBt serviCe 29,189 (207,984) 363,070 442,585 500,158 455,042 363,813 473,090 532,798 336,162

net finanCing

acquisition/disposition (7,247,389) 0 0 0 0 0 0 0 0 0 9,224,930

assumption of existing debt 0

loan Maturity 0 0 0 0 0 0 0 0 0 0 (3,422,797)

loan prepayment 0 0 0 0 0 0 0 0 0 0 0

new loan funding 4,710,803 0 0 0 0 0 0 0 0 0 0

loan fees (47,108) 0 0 0 0 0 0 0 0 0 0

Cash flOW after finanCing (2,583,694) 29,189 (207,984) 363,070 442,585 500,158 455,042 363,813 473,090 532,798 6,138,295

leveraged Yield

leveraged Cost Basis 7,294,497 7,316,221 7,808,741 7,898,477 7,942,237 7,957,052 8,059,215 8,248,825 8,348,630 8,395,639 8,641,245

Cumulative equity 2,583,694 2,709,777 3,311,450 3,515,354 3,678,526 3,818,239 4,051,038 4,377,286 4,620,005 4,816,494 5,218,447

leveraged Yield (On initial equity) 12.73% (avg) 1.13% -8.05% 14.05% 17.13% 19.36% 17.61% 14.08% 18.31% 20.62% 13.01%

schedule of leveraged prospective Cash flow




rent rolltenant name start end sf date $/sf rent/Yr

recovery Method

Contract rent

Market rent

% of Market

expirationassumption

Mla

California Boxing & MMa 4/1/15 1/31/16 4,817 1/1/16 $7.21 $34,740 none $7.21 $12.00 60.08% Market 4k-10k sq. ft.

2/1/16 1/31/21 2/1/16 $6.23 none $6.23 $13.91 44.79% Market 4k-10k sq. ft.

Carmichael Optical 2/1/11 1/31/16 2,400 1/1/16 $14.04 $33,696 nnn $14.04 $15.00 93.60% Option < 4k sq. ft.

2/1/16 1/31/21 2/1/16 $18.00 nnn $18.00 $17.39 103.51% Market < 4k sq. ft.

Christopher tousey 10/1/13 11/30/18 1,118 1/1/16 $21.24 $23,748 none $22.43 $15.91 140.98% Market < 4k sq. ft.

11/1/16 $21.84

11/1/17 $22.44

CJ phen* 3,000 1/1/16 $0.00 $0 pad 6440 Market Mla1

florince & viorica Cal-leanu

11/1/14 10/31/17 1,500 1/1/16 $13.31 $19,968 nnn $13.84 $15.45 89.58% Option < 4k sq. ft.

11/1/16 $13.85

11/1/17 10/31/20 11/1/17 $15.45 nnn $15.46 $16.88 91.59% Market < 4k sq. ft.

hristov-Csikany fencers, llC

2/1/15 1/31/18 4,308 1/1/16 $9.60 $41,364 none $10.80 $12.73 84.84% Market 4k-10k sq. ft.

3/1/16 $10.20

3/1/17 $10.80

kellner & strand* 21,375 1/1/16 $0.00 $0 pad 6404 Market Mla1

kristie's nails 7/1/11 6/30/16 800 1/1/16 $15.53 $12,420 nnn $15.53 $15.00 103.53% Market < 4k sq. ft.

Magnolia's antique Col-lection

6/1/09 1/31/17 6,830 1/1/16 $12.80 $87,420 none $12.80 $12.36 103.56% Market 4k-10k sq. ft.

* not a part of the offering, but reimburses for common area maintenance





recovery Method

Contract rent

Market rent

% of Market


Mla

Mvp sports unlimited, inc.

8/1/15 8/31/20 15,326 1/1/16 $2.88 $44,136 nnn $9.14 $11.26 81.17% Option > 10k sq. ft. Mvp

8/1/16 $4.45

8/1/17 $6.01

8/1/18 $7.58

8/1/19 $9.14

9/1/20 8/31/25 9/1/20 $11.26 nnn $11.25 $13.05 86.21% Market > 10k sq. ft. Mvp

palm street pub 1/1/13 12/31/17 4,458 1/1/16 $13.59 $60,588 none $13.64 $14.00 97.43% Market 4k-10k sq. ft.

1/1/17 $13.64

papa Murphy's pizza 7/1/14 6/30/19 1,851 1/1/16 $16.69 $30,900 nnn $17.98 $18.00 99.89% Market < 4k sq. ft.

7/1/16 $17.12

7/1/17 $17.55

7/1/18 $17.98

shere punjab* 5,000 1/1/16 $0.00 $0 pad 6406 Market Mla1

subway 8/1/11 1/31/16 1,130 1/1/16 $19.86 $22,440 nnn $19.86 $20.00 99.30% Option < 4k sq. ft.

* not a part of the offering, but reimburses for common area maintenance





recovery Method

Contract rent

Market rent

% of Market


Mla

8/1/16 19.87 nnn $19.87 $17.39 114.26% Option < 4k sq. ft.

8/1/21 17.38 nnn $17.39 $20.16 86.26% Market < 4k sq. ft.

the laundry Company 2/1/14 3/31/25 3,696 1/1/16 $12.90 $47,676 laundry $16.11 $19.57 82.32% Option < 4k sq. ft.

4/1/16 $13.22

4/1/17 $13.55

4/1/18 $13.89

4/1/19 $14.24

4/1/20 $14.59

4/1/21 $14.96

4/1/22 $15.33

4/1/23 $15.72

4/1/24 $16.11

4/1/25 3/31/30 3,696 4/1/25 $19.57 laundry Option < 4k sq. ft.

4/1/30 3/31/35 3,696 laundry Market < 4k sq. ft.

vacant 6/1/17 5/31/27 10,105 6/1/17 $10.30 nnn Market > 10k sq. ft.

vacant 6/1/17 5/31/22 1,300 6/1/17 $15.45 nnn $15.44 $17.91 86.21% Market < 4k sq. ft.







TOTAL OCCUPIED 48,235 70% $459,096

TOTAL VACANT 21,154 30%

TOTAL 69,389 100%

tOtal OCCupied** 77,610** 79%** ** includes buildings that are not a part of the offering




Company Overview - subway

subway is an american fast food restaurant chain that mainly sells submarine sandwiches (subs) and salads. it is owned and operated by doctor’s associates, inc. (dai). subway is the largest single-brand restaurant chain globally and is the second largest restaurant opera-tor globally after Yum! Brands.

today, the suBWaY® brand is the world’s largest submarine sand-wich chain with more than 44,000 locations around the world. it has become the leading choice for people seeking quick, nutritious meals that the whole family can enjoy. from the beginning, fred has had a clear vision for the future of the suBWaY® brand. as subway continues to grow, fred is guided by his passion for delighting cus-tomers by serving fresh, delicious, made-to-order sandwiches.

gross leasable area 1,130 sf

property type Casual dining

parent Company trade name doctor’s associates, inc.

Ownership private

rating agency standard & poor’s

revenue $12.7 Billion

no. of locations 44,000+

no. of employees 492,000+

headquartered Milford, Connecticut

Web site www.subway.com

Year founded 1965




Carmichael Optical is a family owned and operated business providing expert care and innova-tive optics to the Sacramento community for over 30 years. Shop for a fresh point of view in the showroom of over 2000 eyeglass frames and sunglasses. Contact lens fittings are completed on the premises and ordered for prompt delivery. Spectacle lenses are processed in the office lab to ensure accuracy with state-of-the-art technologies.

The office includes a contact lens diagnostic facility, a lens fabricating laboratory, reception area and 2000 frame and sunglass showroom.

Palm Street Pub and Grill is a local favorite in Carmichael, California. Located at the corners of Fair Oaks Blvd. and Marconi Ave. This establishment has been open over 18 years and the staff is ready to serve you.

Palm Street Pub offers a full menu including: Homemade soups & salads, delicious burgers, sandwiches, awesome wings, great steaks and much much more! The Pub is known for it’s extravagant beer selection with 17 beers on tap and premium liquor.

California Boxing & MMA offers classes in Boxing, Muay Thai, Jiu-Jitsu, Self Defense & Kickbox-ing. This gym is family friendly and caters to all fitness levels.

In the boxing ring, on the grappling mat, or at the row of red and black punching bags at Cali-fornia Boxing and MMA, instructors including Gilbert Zaragoza teach kids and adults alike the skills they need to both throw a punch and get in shape. Classes such as boxing, MMA, Brazil-ian Jiu-Jitsu, and cardio kickboxing, pack a schedule that includes open-gym time and lessons in Muay Thai, wrestling, and strength and conditioning.




The mission of Premier Fencing Academy is to nurture desire and commitment to the pursuit of excellence in fencing and to instill a joy of fencing that lasts a lifetime.

Premier Fencing Academy has been in operation since 2009. We offer a structured environ-ment that includes state-of-the-art training facilities, and expert coaches. The facility features seven electric fencing strips with electronic scoring machines. Premier Fencing Academy of-fers programs for children, age six, through adult. With attention to detail and safety, classes are carefully monitored by an experienced staff. Athletes are encouraged to respect their op-ponents, and work together as a team.

Magnolia Antiques & Home Interiors attracts antique buyers from around the world who return time after time to shop for an eclectic mix of antiques, collectibles, and notable selection of estate, antique and vintage jewelry.

You’ll find traditional mainstays as well as unconventional collections in-store. Set decorators, window dressers and contemporary designers join international antique dealers, decorators and collectors who regularly shop here for the latest antique trends.

The Papa Murphy’s concept of “take-n-bake” pizza began in 1981. Today it continues to focus on what has made Papa Murphy’s the fifth-largest pizza company in the United States and the #1-Rated Restaurant Chain: Commitment to FRESH.

Papa Murphy’s is proud to provide a convenient and delicious meal at a great value from more than 1,400 locations in the United States, Canada and United Arab Emirates.

p. 16 Matthews retail advisors

™

property description



Physical Description

the Offering

property name.........................................Carmichael Oaks shopping Center

property address ...............................................................6406 fair Oaks Blvd

sacramento, Ca 95608

assessor’s parcel number .............................273-0131-035-0000, 273-0131-093-0000, 273-0131-014-0000

Zoning .............................................................................................sC, Carmichael

site desCriptiOn

number of stories .............................................................................................One

Year Built .................................................................................................. 1988/2001

gross leasable area (gla) ................................................................ 69,389 sf

lot size........................................................................... 5.12 acres (223,027 sf)

type of Ownership ...............................................................................fee simple

parking ....................................................................................416 surface spaces

parking ratio....................................................................................4.21 : 1,000 sf

landscaping ........................................................................................professional

topography ................................................................................... generally level

COnstruCtiOn

foundation .......................................................................................Concrete slab

framing .............................................................................................................Wood

exterior ............................................................................................ painted stucco

parking surface ............................................................................................asphalt

roof ........................................................................................................................flat



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Regional Map



Tenant Map



Site Plan

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demographics not a part of the offering, but reimburses for common area maintenance


City Overview | Carmichael, CA

City of Carmichael

Carmichael is a census-designated place in sacramento County, California, united states. it is an affluent suburb in the greater sacramento metropolitan area.

today, Carmichael, having grown to a population of 72,000, is a community immersed in a still expanding unin-corporated suburban area of 550,000 people

Transportation

the sacramento regional transit dis-trict (rt) operates 67 bus routes and 38.6 miles of light rail covering a 418 square-mile service area. Buses and light rail run 365 days a year using 76 light rail vehicles, 182 buses (with an additional 30 buses in reserve) pow-ered by compressed natural gas (Cng) and 11 shuttle vans.

annual ridership has steadily increased on both the bus and light rail systems from 14 million passengers in 1987 to over 31.5 million passen-gers in fY 2010. Weekday light rail ridership averages about 50,000. Bus weekday ridership has reached an average of 51,000 passengers per day.


Tourism/Major Attractions

Top Employers - Sacramento County

the great Wall of Carmichael


PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS



Demographics Reportpopulation 1-Mile 3-Mile 5-Mile2020 projection 15,620 128,379 329,9382015 estimate 15,366 126,428 324,0062010 Census 15,293 125,837 321,2942000 Census 15,275 128,184 322,221growth 2010-2015 0.48% 0.47% 0.84%growth 2000-2010 1.65% 1.54% 1.83%

households2020 projection 6,844 53,324 135,5902015 estimate 6,688 52,136 132,3642010 Census 6,577 51,268 130,0232000 Census 6,469 52,154 131,268growth 2010-2015 1.69% 1.69% 1.80%growth 2000-2010 2.32% 2.28% 2.44%

income$0 - $15,000 14.17% 12.66% 14.25%$15,000 - $24,999 13.87% 11.25% 11.67%$25,000 - $34,999 11.93% 11.53% 11.54%$35,000 - $49,999 13.64% 14.75% 15.06%$50,000 - $74,999 17.37% 17.35% 17.79%$75,000 - $99,999 11.29% 11.69% 11.23%$100,000 - $124,999 6.30% 7.87% 7.23%$125,000 - $149,999 3.46% 4.60% 4.06%$150,000 - $199,999 3.92% 4.19% 3.61%$200,000 - $249,999 1.34% 1.44% 1.23%$250,000 - $499,999 2.13% 2.13% 1.79%$500,000+ 0.57% 0.55% 0.54%2015 est. average household income $65,597 $69,627 $65,7002015 est. Median household income $46,032 $49,804 $47,491

Matthews retail advisors | 841 apollo street, suite 150 | el segundo, Ca 90245 | www.Matthews.com

CARMIChAEL OAKS ShOPPINg CENTER6406 fair Oaks Blvdsacramento, Ca 95608Offering MeMOranduM

™

kyle B. Matthews, CCiMChairman & CeO direCt +1.310.919.5757 MOBile +1.310.622.3161 [email protected] license no. 01469842

hunter rosenquistassociate direCt +1.310.919.5778 MOBile +1.808.280.0423 [email protected] license no. fa100051725

patrick toomeyManaging partner direCt +1.310.919.5765 MOBile +1.310.403.4984 [email protected] license no. 00881133

ca_carmichael_carmichael oaks shopping center_om_2-2016

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