Downtown Saratoga - Cassidy Turley Northern California
Downtown Saratoga - Cassidy Turley Northern California
Downtown Saratoga - Cassidy Turley Northern California
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FOR SALE | RETAIL/COMMERCIAL (OFFICE)<strong>Downtown</strong> <strong>Saratoga</strong>14413 -14419 Big Basin Way | <strong>Saratoga</strong>, CAMulti-Tenant Net Leased InvestmentPRICE: $2,750,000 | vibrant downtown locationPROPERTY HIGHLIGHTS:• Great Visibility from Intersection of Hwy. 9 & Sunnyvale-<strong>Saratoga</strong> Road• 2 of 6 Units Vacant - Contiguous ±2,319 SF Available for Immediate Occupancy• ±6.0% Cap Rate (Based on Current Sales Price and NOI of $166K+ Per Annum)• Total Site Area: ±34,541 SF (± 12,194 SF Under Building & ±22,247 SF Surface Parking/Public)• Building Size: ±9,910 RSF• APN#s 503-24-058, 60 & 61• Property Zoned CH-1 (Commercial Historic) and Being Sold “As-Is”The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.For more information, contact:Reuben S. Helick, Senior Vice President831.647.2109rhelick@ctbt.comCA LIC # 011712721 Lower Ragsdale Drive, Bldg 1, Ste. 100Monterey, CA 93940ph: 831.375.8000 | fx: 831.647.2116<strong>Cassidy</strong> <strong>Turley</strong> <strong>Northern</strong> <strong>California</strong>www.ctbt.com
FOR SALE | RETAIL/COMMERCIAL (OFFICE)<strong>Downtown</strong> <strong>Saratoga</strong>14413 -14419 Big Basin Way | <strong>Saratoga</strong>, CAPARCEL MAPSUBJECTSUBJECTSUBJECTSubject Address:14413-14419 Big Basin Way<strong>Saratoga</strong>, CA 95070Subject APNs:503-24-058503-24-060503-24-061See Close-Up of Parcel Map at RightFor more information, contact:Reuben S. Helick, Senior Vice President831.647.2109rhelick@ctbt.comCA LIC # 011712721 Lower Ragsdale Drive, Bldg 1, Ste. 100Monterey, CA 93940ph: 831.375.8000 | fx: 831.647.2116<strong>Cassidy</strong> <strong>Turley</strong> <strong>Northern</strong> <strong>California</strong>www.ctbt.com
FOR SALE | RETAIL/COMMERCIAL (OFFICE)<strong>Downtown</strong> <strong>Saratoga</strong>14413 -14419 Big Basin Way | <strong>Saratoga</strong>, CAAERIAL MAP (NEIGHBORHOOD):SUBJECTFor more information, contact:Reuben S. Helick, Senior Vice President831.647.2109rhelick@ctbt.comCA LIC # 011712721 Lower Ragsdale Drive, Bldg 1, Ste. 100Monterey, CA 93940ph: 831.375.8000 | fx: 831.647.2116<strong>Cassidy</strong> <strong>Turley</strong> <strong>Northern</strong> <strong>California</strong>www.ctbt.com
FOR SALE | RETAIL/COMMERCIAL (OFFICE)<strong>Downtown</strong> <strong>Saratoga</strong>14413 -14419 Big Basin Way | <strong>Saratoga</strong>, CAAERIAL MAP (LOCAL):SUBJECT SARATOGAFor more information, contact:Reuben S. Helick, Senior Vice President831.647.2109rhelick@ctbt.comCA LIC # 011712721 Lower Ragsdale Drive, Bldg 1, Ste. 100Monterey, CA 93940ph: 831.375.8000 | fx: 831.647.2116<strong>Cassidy</strong> <strong>Turley</strong> <strong>Northern</strong> <strong>California</strong>www.ctbt.com
FOR SALE | RETAIL/COMMERCIAL (OFFICE)<strong>Downtown</strong> <strong>Saratoga</strong>14413 -14419 Big Basin Way | <strong>Saratoga</strong>, CAAERIAL MAP (REGIONAL):SUBJECTFor more information, contact:Reuben S. Helick, Senior Vice President831.647.2109rhelick@ctbt.comCA LIC # 011712721 Lower Ragsdale Drive, Bldg 1, Ste. 100Monterey, CA 93940ph: 831.375.8000 | fx: 831.647.2116<strong>Cassidy</strong> <strong>Turley</strong> <strong>Northern</strong> <strong>California</strong>www.ctbt.com
FOR SALE | RETAIL/COMMERCIAL (OFFICE)<strong>Downtown</strong> <strong>Saratoga</strong>14413 -14419 Big Basin Way | <strong>Saratoga</strong>, CARENT ROLLUnit Tenant SFBase Rent PSF Base Monthly NNN Prepay Total MonthlySecurity DepositTerm Expira=on Op=ons Comments14413 Wildwood Mkt 2371 $1.50 $3,556.50 $616.46 $4,172.96 $5,121.36 11/15/17 one (1) five (5) yr open Q2 2013 -‐paying rent now14415-‐A Golden Mirror Gallery 1619 $1.75 $2,833.27 $393.29 $3,226.56 mo-‐mo14415-‐C Golden Mirror Gallery 1027 $0.99 $1,016.73 $249.47 $1,266.20 mo-‐mo14415-‐B Finet of <strong>Saratoga</strong> 2247 $1.15 $2,584.05 $651.63 $3,235.68 $3,370.00 1/31/15 none mortgage broker14417 Vacant 1050 $2.50 $2,625.00 $255.34 $2,880.34 beauty salon14417-‐B Vacant 1269 $1.50 $1,903.50 $304.56 $2,208.06 pro forma rent14419 Anne Cherry 327 $3.15 $1,030.00 $79.52 $1,109.52 $1,000.00 12/21/13 none arts & craUs design store9910 $1.57 $15,549.05 $2,550.27 $18,099.32 $9,491.36$0.26Annual: $186,588.60 $30,603.24 $217,191.845% Vacancy: -‐$9,329.434% Management: -‐$7,463.542% Reserves: -‐$3,731.77$166,063.85 ANNUAL NOI (Es_mated)VACANT UNIT FROM PARKING LOTFor more information, contact:Reuben S. Helick, Senior Vice President831.647.2109rhelick@ctbt.comCA LIC # 011712721 Lower Ragsdale Drive, Bldg 1, Ste. 100Monterey, CA 93940ph: 831.375.8000 | fx: 831.647.2116<strong>Cassidy</strong> <strong>Turley</strong> <strong>Northern</strong> <strong>California</strong>www.ctbt.com
DEMOGRAPHICSFOR SALE | RETAIL/COMMERCIAL (OFFICE)<strong>Downtown</strong> <strong>Saratoga</strong>14413 -14419 Big Basin Way | <strong>Saratoga</strong>, CADemographic and Income Comparison Profile14413 Big Basin Way, <strong>Saratoga</strong>, CA, 95070Rings: 1, 3, 5 mile radii Latitude: 37.25885Longitude: -122.03261 mile 3 miles 5 milesCensus 2010 SummaryPopulation 7,851 50,796 204,893Households 2,795 18,142 75,140Families 2,290 14,636 55,007Average Household Size 2.79 2.79 2.71Owner Occupied Housing Units 2,404 15,268 48,408Renter Occupied Housing Units 391 2,874 26,732Median Age 47.8 46.3 41.52012 SummaryPopulation 8,024 51,795 208,616Households 2,853 18,496 76,374Families 2,331 14,848 55,577Average Household Size 2.79 2.79 2.71Owner Occupied Housing Units 2,424 15,302 47,967Renter Occupied Housing Units 428 3,194 28,407Median Age 48.4 46.7 41.8Median Household Income $200,000 $159,390 $111,177Average Household Income $208,716 $175,894 $136,5252017 SummaryPopulation 8,467 54,348 218,004Households 3,021 19,524 80,180Families 2,490 15,751 58,803Average Household Size 2.78 2.77 2.70Owner Occupied Housing Units 2,592 16,205 51,178Renter Occupied Housing Units 430 3,319 29,002Median Age 49.4 47.5 42.2Median Household Income $200,000 $166,837 $120,648Average Household Income $254,226 $211,702 $162,512Trends: 2012-2017 Annual RatePopulation 1.08% 0.97% 0.88%Households 1.16% 1.09% 0.98%Families 1.33% 1.19% 1.14%Owner Households 1.35% 1.15% 1.30%Median Household Income 0.00% 0.92% 1.65%Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017.Provided by Terranomics Retail ServicesFor more information, contact:Reuben S. Helick, Senior Vice President831.647.2109rhelick@ctbt.comCA LIC # 011712721 Lower Ragsdale Drive, Bldg 1, Ste. 100Monterey, CA 93940ph: 831.375.8000 | fx: 831.647.2116<strong>Cassidy</strong> <strong>Turley</strong> <strong>Northern</strong> <strong>California</strong>www.ctbt.com
DEMOGRAPHICSFOR SALE | RETAIL/COMMERCIAL (OFFICE)<strong>Downtown</strong> <strong>Saratoga</strong>14413 -14419 Big Basin Way | <strong>Saratoga</strong>, CADemographic and Income Comparison Profile14413 Big Basin Way, <strong>Saratoga</strong>, CA, 95070Rings: 1, 3, 5 mile radii Latitude: 37.25885Longitude: -122.03261 mile 3 miles 5 miles2012 Households by Income Number Percent Number Percent Number Percent
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