19
OFFERING MEMORANDUM 200 Gregory Lane Pleasant Hill, California
Offering MeMOranduM
200Gregory Lane
Pleasant Hill, California
Statement of Confidentiality
& DisclaimerThe information contained in this marketing brochure (“Materials”) is
proprietary and confidential. It is intended to be reviewed only by the person or entity receiving it from Cushman & Wakefield (“Agent”). The Materials are
intended to be used for the sole purpose of preliminary evaluation of the subject property (“Property”) for potential purchase.
The Materials have been prepared to provide unverified summary financial, physical, and market information to prospective buyers to enable them to establish a preliminary
level of interest in potential purchase of the Property. The Materials are not to be considered fact. The information contained in the Materials is not a substitute for thorough
investigation of the financial, physical, and market conditions relating to the Property.
The information contained in the Materials has been obtained by Agent from sources believed to be reliable, however, no representation or warranty is made regarding the accuracy or
completeness of the Materials. Agent makes no representation or warranty regarding the Property, including but not limited to income, expenses, or financial performance (past, present, or future);
size, square footage, condition, or quality of the land and improvements; presence or absence of contaminating substances (PCB’s, asbestos, mold, etc.); Compliance with laws and regulations (local,
state, and federal); or, financial condition or business prospects of any tenant (tenant’s intentions regarding continued occupancy, payment of rent, etc). Any prospective buyer must independently investigate and
verify all of the information set forth in the Materials. Any prospective buyer is solely responsible for any and all costs and expenses incurred in reviewing the Materials and/or investigating and evaluating the Property.
By receiving the Materials you are agreeing to the Confidentiality and Disclaimer set forth herein.
All Property showings are by appointment only and must be coordinated through the Agent.
200 gregOry Lane, PLeasant HiLL
Drew HyjerAssociate+1 (925) [email protected] # 02016095
Chris Baker Vice President+1 (925) [email protected] # 01334466
1333 N. California Blvd., Ste 500Walnut Creek, CA 94596
www.cushwake.com
I. Regional Overview Market Aerial ......................................... Market Overview ......................................
II. Asset Overview Property Description ................................ Site Map ................................................... Parcel Maps ............................................. Floor Plans ............................................... Property Photos .......................................
III. Rent Roll and OPEX Rent Roll .................................................. Operating Expenses & Taxes ...................
Table of Contents
12
3456
11
1415
Walnut CreekWalnut Creek
Pleasant HillPleasant Hill
PleasantHill ParkPleasantHill Park
PleasantOaks ParkPleasant
Oaks Park
Gregory LaneContra Costa Boulevard
Contra Costa Boulevard
Monument Boulevard
Monument Boulevard
200 Gregory LanePleasant Hill, CA
Gregory Lane
200 gregOry Lane, PLeasant HiLL 1
Market Aerial
200 gregOry Lane, PLeasant HiLL 2
IDEAL LOCATIONPleasant Hill today is a modern and dynamic city located in the heart of Contra Costa County connecting business from the south bay in San Jose to inland in Sacramento. Pleasant Hill is centrally located along Interstate 680 which makes it an ideal location for local commuters.
STRONG COMMUNITY, UPSCALE AMENITIES, AND SMALL TOWN CHARMPleasant Hill is blessed with a strong sense of community and small town charm which has recently expanded to boast an even more vibrant downtown area. Attracting thousands of visitors on a regular basis, Pleasant Hill is one of the best places to work, live, shop, and dine in the Bay Area.
HOUSING AND HIGHLY RATED SCHOOLSWith the attraction of affordable housing and strong job markets, Pleasant Hill has become one of the hottest ZIP codes in the Bay Area. Pleasant Hill lures locals with highly ranked public schools making it very desirable for home buyers.
THE CITY OF PLEASANT HILLThe City of Pleasant Hill is committed to promoting and supporting the business community within the City. The City plays an important role in maintaining the economic vitality of Pleasant Hill’s strong business sector. The City also helps to promote new businesses in their monthly newsletter, “The Outlook”.
Market Overview
200 gregOry Lane, PLeasant HiLL 3
ADDRESS 200 Gregory Lane Pleasant Hill, CA 94523BUILDING AREA ±13,104 RSF*LAND AREA ±0.57 AcresPARKING 25 StallsCONSTRUCTION Wood FrameYEAR BUILT 1966APN’S 150-290-001 150-290-005
150-290-002 150-290-003150-290-004
SALE PRICE $2,850,000ZONING Professional & Administrative Offices (PAO) - Medical use permitted
http://www.codepublishing.com/CA/PleasantHill/html/PleasantHill18/PleasantHill1825.html#18.25 PAO professional and administrative office district. The purpose of the PAO district is to provide area for professional and administrative office type uses on a scale compatible with the adjacent districts.
Property Description
PROPERTY OVERVIEWThe property is located on Gregory Lane, just minutes away from I-680 and downtown Pleasant Hill where
you will find an abundance of restaurants and shops. The property consists of four office condos connected by a flyway.
The current rent roll offers flexibility for an owner-user or an investor wishing to create value by a combination of lease renewals and vacancy absorption. The property offers a combination of surface and street parking.
* This Square Footage is based on the floor plans prepared by Lasertech per BOMA calculations with a capped load factor of 19.0%.
Grego
ry L
ane
Grego
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ane
200 gregOry Lane, PLeasant HiLL 4
Site Map
Cleaveland Road
Cleaveland Road
Grego
ry L
ane
Grego
ry L
ane
200 gregOry Lane, PLeasant HiLL 5
Parcel Maps
200 gregOry Lane, PLeasant HiLL 6
B-103OFFICE
OFFICE
OFFICE
OFFICE
OFFICE OFFICE
OFFICE
OFFICE
OFFICEOFFICE
OFFICE
OFFICE
OFFICE
Door Sealed
OFFICE AREA
RECEPTION
BREAK RM
WOMEN
STORAGE OFFICEWOMEN
RECEP
KITCHEN
WAITING RM
B-102
B-101
ELECMETERS C-100
C-101
C-102
DN
UP
UP
UP
UP
UP
17'-8" 15'-6"
13'-4"
5'-0"
16'-8"
11'-8"
15'-5"8'-10"
15'-6" 20'-6"
13'-5"
11'-3"
9'-11"
8'-6"10'-2"
20'-7"
31'-4"
32'-8"
16'-1"
19'-8" 11'-3"
10'-1"
6'-10"
10'-4"
31'-4"
11'-8"
9'-3" 8'-6" 8'-2"
9'-3" 11'-11"
15'-7"
15'-6"
17'-0" 5'-0" 7'-6" 11'-11"
8'-9"
11'-6"9'-8"
10'-8"
15'-8"
11'-0"
15'-7"
8'-6"
12'-4"
12'-11"
DN
DN
DN
DN
DN
StorageUnder Stairs
A-100
DN DN
C-103
Walkway
Walkway Walkway
Walkway
To Parking
STRG
MEN
SCALE
0 5 10 15 20
FLOOR PLAN
Survey Accuracy: +/- %0.08
Note: All dimensions shown are rounded to thenearest inch, for informational purposes only.All measurements are recorded to 1/8" accuracyas documented in the final CAD drawing supplied.
PREPARED FOR:DHW Insurance Brokers39 Tierra Verde Ct.Walnut Creek, CA 94598Tel (925) 922-2200
http://www.dhw-ins.com
200 GREGORY LANEPLEASANT HILL, CA
TEL: (888) 393-6655FILE: 17-465
LASERTECH® is a registered US trademark of Lasertech® Floorplans Ltd.Copyright 1998 Lasertech® Floorplans Ltd., All Rights Reserved
*Measured Area represents the footprint of the floor, and is usedsolely for billing purposes. It is NOT to be used for leasing purposes.
(As Measured: September 2017)FIRST FLOOR
*Measured Area: 7,235 s.f. Exterior Area: 575 s.f.
S CODY LN
GR
EG
OR
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Floor PlanFIRST FLOOR
Floor Plan
200 gregOry Lane, PLeasant HiLL 7
OFFICE
OFFICE
OFFICE OFFICE
OFFICE
OFFICE
OFFICE
MECH RM
STRG
OFFICE AREA
SERVER RM
BREAK RM
WOM
STRGSTRG
CONFERENCE RM
OFFICE AREA
CONF RM
OFFICETELRM OFFICE
JAN
Tel/Comm
B-204
B-203
B-202B-201
DN
DN
DN
DN
DN
DN
DN
DN
DN
14'-3" 24'-3" 15'-11" 17'-6"
14'-7"
15'-10"
17'-3"
18'-2" 21'-9"
7'-11"11'-11"
10'-11"
18'-9"
15'-5"
15'-5"
16'-10" 9'-4" 10'-4"11'-0"
20'-0"
55'-0"
7'-10"13'-4"
13'-7"
36'-4"
10'-10"
19'-9"
8'-6"
12'-11"
10'-3"
12'-1"22'-8"
13'-7"
20'-7"
16'-10"
20'-2"
A-200
C-200
SCALE
0 5 10 15 20
Survey Accuracy: +/- %0.08
Note: All dimensions shown are rounded to thenearest inch, for informational purposes only.All measurements are recorded to 1/8" accuracyas documented in the final CAD drawing supplied.
*Measured Area represents the footprint of the floor, and is usedsolely for billing purposes. It is NOT to be used for leasing purposes.
*Measured Area: 6,595 s.f.Exterior Area: 36 s.f.
Floor PlanSECOND FLOOR
200 gregOry Lane, PLeasant HiLL 8
ANSI/BOMA Z65.1-2010 AREA ANALYSIS
Method A (Legacy Method)
Worksheet
Date Printed: 9/28/2017 5:27 PM
*All Units are Sq.Ft.Lasertech is a registered US trademark. Copyright 1998 Lasertech Floorplans Ltd.
Address: 200 Gregory Lane COLOR LEGENDPleasant Hill, CA Measured areas, descriptions
UnusedOur File#: 17-465 Computed values per formulas Row 9
Computed Rentable Areas
Preliminary Calculations (Not for Leasing) Intermediate Calculations (Not for Leasing) Final Calculations Optional AdjustmentA B C D E1 E F G G1 H I J K L M N O P Q R S
Input Measure Measure Measure Input Measure =B-C-D-E Input Input Measure Measure =H+I Measure =F-J-K (& Measure) =(J+L) / J =H * M =sum(F) / sum(N) = M * O = N * O 1.19 = H * RInterior Major Occupant Preliminary Building Usable Building Floor Service Occupant + Load or H * P Capped Capped
Floor Gross Area Vertical Parking Storage Occupant Floor Space Space Occupant Amenity Area Service & Amenity R/U Allocated R/O Factor Rentable Load RentableLevel IGA Penetrations1 ID Storage Area ID Description Area Areas (U) Areas Areas Ratio Area (O) Ratio A Area Factor2 Area
BOMA 96 Equiv. GMA VP n/a n/a n/a Floor Rentable Office or Store Area part of BC Floor Usable part of BC FC Floor R/U Basic Rentable Bldg R/U Combined R/U Rentable n/a n/aA-1 1,958 A-100 Office 1,829 1,957.69 2,312 2,177
Restroom 128
Floor Totals 1,958 1,958 1,829 1,829 128 1.0702 1,957.69 1.1808 1.2637 2,312 1.1900 2,177B-1 1,891 45 B-101 Office 621 621.35 734 734
B-102 Office 1,011 1,010.87 1,194 1,194B-103 Office 214 214.42 253 253
Floor Totals 1,891 45 1,847 1,847 1,847 1.0000 1,846.64 1.1808 1.1808 2,180 1.1808 2,180C-1 1,893 33 C-100 Office 838 1,099.61 1,298 997
C-101 Office 313 410.91 485 373C-102 Office 115 150.89 178 137C-103 Office 133 175.14 207 159
Elec Meters 149
Lobby/Restrooms 437Floor Totals 1,893 33 1,860 1,399 1,399 23 437 1.3126 1,836.55 1.1808 1.5498 2,169 1.1900 1,665
Ctyd-1 1,294 Walkway 1,294
Floor Totals 1,294 1,294 1,294 1.1808 1.0000A-2 2,269 9 A-200 Office 2,141 2,259.83 2,668 2,547
Restroom/Storage 119Floor Totals 2,269 9 2,260 2,141 2,141 119 1.0557 2,259.83 1.1808 1.2465 2,668 1.1900 2,547
B-2 1,964 61 B-201 Office 385 569.04 672 458B-202 Office 307 453.95 536 366B-203 Office 207 305.64 361 246B-204 Office 205 303.04 358 244
Mech Rm 271Tel/Com/Jan/Break Rm/Storage 527
Floor Totals 1,964 61 1,903 1,104 1,104 271 527 1.4778 1,631.68 1.1808 1.7449 1,927 1.1900 1,314C-2 1,701 49 C-200 Office 1,565 1,565.07 1,848 1,848
34 Tel Rm 54Floor Totals 1,701 83 1,619 1,565 1,565 54 1.0000 1,565.07 1.1808 1.1808 1,848 1.1808 1,848
Ctyd-2 364 Lobby 364Floor Totals 364 364 364 1.1808 1.0000
BLDG TOTALS 13,334 231 13,104 9,885 9,885 2,006 1,212 11,097.46 1.1808 13,104 11,732
Notes1. Vertical Penetrations are field measured to enclosing finished surfaces. The Standard does provide for inclusion of building-code required walls only. Determining the location of these walls requires assistance from the Building Owner.2. The Capped Load Factor represents a 'Market Rate' load factor, and would override the calculated load factor as shown in this Standard. It may be used solely at Building Owner's discretion.
ANSI/BOMA 265. 1-2010 AREA ANALYSIS
BOMA Calculations
200 gregOry Lane, PLeasant HiLL 9
B-103OFFICE
OFFICE
OFFICE
OFFICE
OFFICE OFFICE
OFFICE
OFFICE
OFFICEOFFICE
OFFICE
OFFICE
OFFICE
Door Sealed
OFFICE AREA
RECEPTION
BREAK RM
WOMEN
STORAGE STORAGEWOMEN
RECEP
KITCHEN
WAITING RM
B-102
B-101
ELECMETERS C-100
C-101
C-102
DN
UP
UP
UP
UP
UP
DN
DN
DN
DN
DN
StorageUnder Stairs
A-100
DN DN
C-103
Walkway
Walkway Walkway
Walkway
To Parking
STRG
MEN
SCALE
0 5 10 15 20
Survey Accuracy: +/- %0.08
S CODY LN
GR
EG
OR
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Floor B-1 Floor A-1
Floor C-1
AREAS COMPUTED IN ACCORDANCE WITHANSI/BOMA (Z65.1) 2010 OFFICE STANDARD,METHOD A (LEGACY METHOD).
Stair: 17 s.f.
Stair: 9 s.f.
Stair: 10 s.f.
Walkway: 264 s.f.
Stair: 8 s.f.
Stair: 10 s.f.
Stair: 44 s.f.
Stair: 5 s.f. Stair: 13 s.f.
Stair: 84 s.f.
Walkway: 33 s.f.
Walkway: 48 s.f.
Walkway: 30 s.f.
Floor Ctyd-1
Floor A-1
Floor B-1
Floor C-1
Floor Ctyd-1
Floor Plan - BOMAFIRST FLOOR
200 gregOry Lane, PLeasant HiLL 10
OFFICE
OFFICE
OFFICE OFFICE
OFFICE
OFFICE
OFFICE
MECH RM
STRG
OFFICE AREA
SERVER RM
BREAK RM
WOM
STRGSTRG
CONFERENCE RM
OFFICE AREA
CONF RM
OFFICETELRM OFFICE
JAN
Tel/Comm
B-204
B-203
B-202B-201
DN
DN
DN
DN
DN
DN
DN
DN
DN
A-200
C-200
SCALE
0 5 10 15 20
Survey Accuracy: +/- %0.08
Floor B-2 Floor A-2
Floor C-2
Exterior Area: 36 s.f.
AREAS COMPUTED IN ACCORDANCE WITH ANSI/BOMA (Z65.1) 2010 OFFICE STANDARD, METHOD A (LEGACY METHOD).
Floor Ctyd-2
Floor A-2
Floor B-2
Floor C-2
Floor Ctyd-2
SECOND FLOOR
Floor Plan - BOMA
11
Property Photos
12
13
200 gregOry Lane, PLeasant HiLL 14
SUITE NAME
A-100A-200C-103C-200
%5A/NA/N 43.2$ 00.773,1$9859102/1/57102/1/5sdreffeJ auhsoJ101-B One 1-year option to renew 90 days prior to expiration of initial term, pending LL approval.
A/NA/N
519tnacaV201-B
A/NA/NA/N 54.2$ 00.005$402M-T-MM-T-MsrotoM KC301-B
A/NA/NA/N 59.1$ 059,1$000,18102/2/77102/2/7dleifssarB lyrehC001-C
±1,010 useable square feet and ±1,193 rentable square feet per Lasertech.
pending LL approval. 5% increase upon renewal.
%58102/1/8launnA 80.2$ 00.056$2130202/1/87102/1/8naT niG101-C One 1-year option to renew 90 days prior to expiration of initial term, pending LL approval. 5% increase upon renewal.
A/NA/NA/N 09.1$36.5725418102/1/66102/1/6tropmI otuA etilE201-C One 1-year option to renew 90 days prior to expiration of initial term, pending LL approval. 5% increase upon renewal.
One 1-year option to renew 90 days prior to expiration of initial term, pending LL approval. 5% increase upon renewal.
$/SF
03.2 37.690,41$221,68102/13/21 deifisreviD
COMMENTSINCR.
AMOUNTLEASE START
LEASE END
RENTABLE SQ FT
CURRENT RENT
INCR. TYPE
INCR. DATE
Owner occupied units to be vacated upon close of escrow±5,667 useable square feet and ±6,729 rentable square feet per Lasertech.
No Option
Pacific
$
10,399 $21,106.95*
B-201 Alexandra McCoey and Joseph W. Bayliss 6/1/2016 6/1/2019 398 $758.39 $1.91 Annual 6/1/2018 3%
pending LL approval. 5% increase upon renewal.%58102/81/6launnA 99.1$ 02.946$2639102/81/66102/81/6ieraZ hkorhahS202-BOne 1-year option to renew 90 days prior to expiration of initial term,
noitpO oN%58102/1/6launnA 41.2$5249910202/1/67102/1/6saveuC oderfliW302-B
B-204 CDM Field Services & Steve Smith 1/16/2017 1/16/2019 189 $425.00 $2.25 Annual 1/16/2018 5% No Option
$ 00.
One 1-year option to renew 90 days prior to expiration of initial term,
A/NA/N $
Rent Roll
* The RSF in the rent roll represent ± 2,705 RSF less than the Lasertech BOMA calculations capped at 19.0% load factor.
200 gregOry Lane, PLeasant HiLL 15
$’S/RSF*TAXES $28,500 $2.74**INSURANCE $15,145 $1.46CAM
Repair & Maintenance $23,328 $2.24PG&E $9,739 $0.94Gardening/Pest Control $10,360 $1.00
OWNER’S ASSOCIATION DUES(includes H2O and Garbage)
$20,500 $1.97
CAM TOTAL $63,927 $6.15
TOTAL ESTIMATED ANNUAL OPEX & TAXES
$107,572 $10.34
* Operating Expenses and Taxes broken out on a $’S/RSF basis and are based on the RSF from the rent roll, not the Lasertech calculations. ** Based on new purchase price.
Operating Expenses & Taxes
The information above has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Drew HyjerAssociate+1 (925) [email protected] # 02016095
1333 N. California Boulevard, Suite 500Walnut Creek, CA 94596
www.cushwake.com
Contact InformationChris Baker Vice President+1 (925) [email protected] # 01334466
