roseville five building complex - loopnet...price is well below the cost to replace the building the...

Offered by

Steve Tyrrell, CCIMSenior Vice President, Investments 916.751.3605 | [email protected] LIC # 00461000

Tom Bacon, CCIMSenior Vice President 916.751.3606 | [email protected] LIC # 00859571

kiddermathews.com

Roseville Five Building Complex

OFFERING MEMORANDUM

706-716 Atlantic Street

Huge Price Reduction!

$8,250,000 $6,900,000

OFFERING MEMORANDUM | 706-716 Atlantic Street, Roseville, CA

Table of Contents1. The Offering

• Features

2. Property Description

• Property Summary

• Upgraded Amenities

3. Area Overview

• Location Description

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements

thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.

Disclaimer

Table of Contents


Features

The Offering

Price: $6,900,000

Price PSF: $142.64

Price is well below the cost to replace the building

The complex consists of 3 parcels and 5 buildings totaling a 2.58 acre lot

The 5 buildings total 48,372 SF

The main building identified as 712 Atlantic Street was built in 2001 to accommodate the needs of a rapidly growing church

Security cameras are situated throughout the grounds including inside the offices, classrooms, and main building

The unique, custom-built youth room features an industrial/futuristic design

The versatile overall design allows an investor to easily transform the project into a variety of uses (i.e. school, government, sporting, non-profit, etc.)

The complex is easily accessible to both I-80 and the Roseville Amtrak station, situated just a few minutes from the Roseville Galleria and The Fountains


The Offering

Atlantic Street Atlantic Street

Eggleston Street

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Property Summary

Property Description

ADDRESS BUILDING

SF YEAR BUILT ZONING DESCRIPTION

712 Atlantic St Building 1 ±35,538 2001 Religious

Used as the main sanctuary which seats approximately 1,200. Several executive, upstairs offices accessible by elevator

706 Atlantic St Building 2 ±9,590 1949 Religious

Currently used as the youth church which seats approximately 350. Includes chapel with seating for 75 and an industrial kitchen with commercial appliances

716 Atlantic St Building 3 ±1,600 1996 Misc.

Commercial

Spacious multi-purpose meeting room which seats approximately 100

716 Atlantic St Building 4 ±640 1996 Misc.

Commercial3 private offices with individual access

716 Atlantic St Building 5 ±1,004 1921 Misc.

Commercial

Single family residence includes 2 bedrooms, 2 bathrooms, a living room and a kitchen

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Atlanti

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Assessor Parcel Map


Upgraded Amenities


Metal Roof on the main building includes a lifetime warranty

Main building includes an elevator, which travels from the basement to the top floor and has a capacity of 2,500 pounds

Additional electrical power can be easily added to the main building

Stairs are built with reinforced concrete from the basement floor to the top floor

Ample parking throughout with a ratio of 6.56/1,000, which includes 285 surfaces spaces and 32 covered


Prime LocationSituated just a few minutes from Highway 80 and only one mile from the Roseville Amtrak station, the Property has great potential for various uses. Nestled around a quiet neighborhood and adjacent from Roseville High School, 706-716 Atlantic Street is ideally located for anyone wanting to establish a new school, community center or a church.

Area Overview

2015 DEMOGRAPHICS

RADIUS 1 Mile 3 MILES 5 MILES

Total Population 9,054 110,388 375,381

Average HH Income $56,376 $67,973 $73,227

Population Growth 2015-2020 7.02% 7.13% 6.48%

OLD TOWN ROSEVILLE

ROSEVILLE SQUARE SHOPPING CENTER

Atlantic

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Douglas BlvdDouglas Blvd

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unris

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706-716 ATLANTIC ST

Eureka Rd

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Steve Tyrrell, CCIM Senior Vice President, [email protected] #00461000

Tom Bacon, CCIM Senior Vice [email protected] #00859571

Contact

roseville five building complex - loopnet...price is well below the cost to replace the building the...

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