F O R S A L E

O F F E R I N G MEMORANDUM:4011 Sierra College Boulevard, Loomis, CA 95650

±37,000 SF OF BUILDINGS

ON ±5.31 ACRES

T H E O F F E R I N G

The Property consists of ±37,000 square foot of industrial warehouse, office showroom and covered storage areas situated on a beautiful ±5.31 acre parcel, located inthe Roseville/Rocklin industrial submarket. This unique facility’s site coverage and large improved yard is extremely rare for industrial/commercial properties in Placer Countyand is being offered well below replacement cost. The CG (General Commercial, City of Loomis) zoning caters to an array of commercial uses. Located approximately 30minutes northeastofDowntown Sacramento,Loomismixesitsruralfeelandcharmwithastrongandvibrantmixoflocal,regionalandnationalbusinesses.

The Property is located within one of the region’s strongest performing industrial submarkets with an industrial vancyrate less than 1.7%. The Property is leased on a NNNbasis to oneof Northern California’s leadinglumber companies. Homewood Lumber has occupied 100% of the property since the Property was first constructed in 2011.

With over 25 years of experience as a valuable resource for Builders, Contractors, and Home Improvement Individuals, Homewood has established a positivepresence throughout Northern California as a leading producer and supplier of high quality building materials, information, and customer service.

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PROPERTY DE S C R I P T I O N

+ A DDRESS:4011 Sierra College Boulevard, Loomis, CA 95650

+ A P N :044-123-075-000 (PlacerCounty)

+ DESCRIP TIO N:Total Footprint: ±37,000 SF

Warehouse: ±18,150 SF Office/Showroom: ±9,110 SF Covered Storage Areas: ±9,740 SFFenced and Paved Yard Area: ±189,512 SF

+ PARCEL:±5.31 acres

+ BUILT:±2011

+ C O N S T R U C T I O N TYPE:Reinforced concrete

+ ZONING:CG (General Commercial)

+ R O O F :Four-ply built-up, original

+ ELECTRICAL/POWER:PG&E

+ NA TURA L GA S/UTILITIES:PG&E

+ FIRE S P R I N K L E R S :Yes

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I N C O M E A N A L YS I S / L E A S E S U M M A R Y

P U R C H A S E PRICE $6,000,000

PRICE PER F O O T $ 1 5 0 . 0 0

P R O J EC T S Q FT ±37,000

RENTA L I N C O M E $ psf/mth monthly a n n u a l

Tenant LeaseIncome $0.516 $28,120.38 $324,601.44

Expense Reimbursement $- $- $-

Other Income $- $- $-

G r o s s Effective I n come $ 3 2 4 ,6 01. 44

E X P E N S E S $ psf/mth monthly a n n u a l

CAM

NOI $324,601.44

CAP RATE 5,41%

L an d lord Responsibilities: None

Tenant Responsibilities: Real property taxes (direct levy), property insurance, utilities, maintenance and repair to all of the Building’s Systems and Equipment located within the Building, as well as all exterior parking lots, sidewalks and landscaping

L e as e Exp ir ation: March 31st, 2021

Op tion(s) to Rene w: Three (3) three (3) year options to renew the lease at CPI; Notice must be provided not later than six (6)months prior to the expiration of the Lease.

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R E P L A C E M E N T C O S T A N A L Y S I S

Property:Type:

4011 Sierra CollegeWarehouse/Showroom/Yard

Size:Acres:

37,0005.31

RSF

REPLACEMENT COST ESTIMATE TotalCosts CostsPSF % of TC

HARD COSTS:Shell costTenantImprovements Contingency

37,000RSF6,500RSF

Shell,TI's

@@@

$85.00 PSF$150.00PSF 5.00%

100%$3,400,000

$975,000$218,750

$85.00$24.38

$5.47

TOTAL HARD COSTS: $4,593,750 $114.84 52.9%

SOFT COSTS:Professional Fees Arch, Civil, Engineering @ $3.00 PSF $120,000 $3.00Legal @ $1.00 PSF $40,000 $1.00Insurance @ $0.10 PSF $4,000 $0.10Property Taxes Land and HardCosts @ 1.25% $81,489 $2.04Permit Fees @ $18.00 PSF $720,000 $18.00Unreimbursed Operating Expenses 12 Months @ $0.14 PSF $5,600 $0.14Leasing Commissions @ 6.00% $0 $0.00TOTAL SOFT COSTS: $971,089 $24.28 11.2%Developer Overhead Hard and Soft Costs @ 3.00% $166,945 $4.17Profit Hard and Soft Costs @ 7.00% $389,539 $9.74TOTAL OVERHEAD & PROFIT: $556,484 $13.91 6.4%

FINANCING COSTS:Financing Fees Hard and Soft Costs @ 1.00% $55,648 $1.39Construction Interest Hard and Soft Costs @ 8.00% 12 Months $445,187 $11.13Land Carry Costs Land Value @ 8.00% 18 Months $135,907 $3.40TOTAL FINANCING & FEES: $636,743 $15.92 7.3%

TOTAL HARD & SOFT COSTS: $6,758,065 $168.95 77.8%

LAND COSTS:Land ValueSite Improvements (Included in Shell)

226,512 SF

226,512 SF

@

@

$5.00 PSF

$3.50 PSF

$1,132,560$792,792

$5.00$19.82

TOTAL LAND COSTS: $1,925,352 $48.13 22.2%

TOTAL PROJECT COSTS: $8,683,417 $217.09 100.0%

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F A C I L I T Y L A Y O U T

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MARKET STATISTICSQ 1 2 0 2 0 SA CRA MENTO R E G I O N I N D U S T R I A L

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R E G I O N A L I N F O R M A T I O N

The Town of Loomis is a quaint, family-orientedcommunity. Established in 1850 and incorporated in1984, Loomis retains its rural character and charm withits large residential lots and custom homes, an old-fashioned downtown, and woodlands with naturalstreams and rolling hillsides.

Loomis is located along Interstate 80 in Placer County.Citizens can choose to participate in the hottest jobmarket in California, shop at a variety of businesseslocated in and around Loomis, or spend a quiet andserene afternoon in the country side. Loomis is close todiverse recreational opportunities the Town is onlyforty-five minutes from the Sacramento InternationalAirport and a little over an hour away from either LakeTahoe or the San Francisco Bay.

Learn more at: https://loomis.ca.gov/Sources: U.S. Census Bureau, Loomis CA

LOOMIS, CALoomis is a county in Placer County, and has a population of about 6,823 people in 2018.

Greater Sacramento is the California option for businessperformance. The region is dedicated to positioning companiesfor success, combining the most innovative economy in the worldwith the Capital of the 5th largest economy in theworld.

MIGRATION:#1 in California Net Milennial Migration

POPULATION:2,523,674 people in the

Greater Sacramento Metro Area

TALENT:Outpacing the nation and the state in degree achievement, the talent pool is young, educated and growingrapidly

VALU E:Northern California’s diversity and dynamism,

alongside competitive operating costs, offersignificant value

SACRAMENTO, CA

CONNECTION:Proximity, transportation and telecommunications efficiently connect the six-county region to the Bay Area andbeyond

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R E G I O N A L MAP

S I E R R A C O L L E G E B L V D

4 0 1 1

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L O O M I S

R O C K L I N

INTERSTATE

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P R O P E R T Y F E A T U R E S

The bid date will be communicated to approved investors at a futuredate. Investors should rely on their own assumptions and base theiroffer on the “As-Is, Where-Is” condition of the Property.

JLL is available to assist prospective investors with their review of theoffering. On-site inspections of the Property and tours of the market canbe arranged through JLL. Such offerings should, at a minimum, include:

• The purchase price• The sources of capital, both equity and debt for the transaction• The amount of earnest money deposit• Detail on the closing expenses to be borne by either buyer or

seller (i.e. escrow, title, insurance, transfer taxes, etc.)• A detailed schedule of the due diligence and requisite approval

process

The Guidelines4011 Sierra College Blvd, Loomis CA 95650

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4011 Sierra College Boulevard, Loomis, CA 95650

©2020 Jones Lang LaSalle IP, Inc. All rights reserved. RE License # 01856260. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

For Further Information, Please Contact:

Sean Merold, SIORExecutive Vice President

+ 1 916 491 4313Sean.Merold@am.jll.com

Lic. 01803204

Mike Zimmerman, SIORExecutive Vice President

+ 1 916 491 4312Mike.Zimmerman@am.jll.com

Lic. 01550544

Tanner MohrAssociate

+ 1 916 440 1823Tanner.Mohr@am.jll.com

Lic. 02091548