for sale - loopnet...the solar photovoltaic system has a 20-year contractual commitment with ......

FOR SALESTATE OF THE ART MULTI-TENANT COLD STORAGE FACILITY OWNER/USER BUILDING WITH RENTAL INCOME

Affiliated Business DisclosureCBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities manage-ment, valuation, investment fund management and development. At times different Affiliates may represent various clients with compet-ing interests in the same transaction. For example, this Memoran-dum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instanc-es, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

Confidentiality AgreementThis is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express fur-ther interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. There-

fore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approxi-mations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospec-tive purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memoran-dum or use of its contents; and you are to rely solely on your inves-tigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.

DisclaimerThis Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All infor-mation is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future perfor-mance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum de-scribes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. PMStudio_February2020

ADVISORS

John Slattery+1 520 275 [email protected]

CONTACT INFORMATION

Jesse Blum+1 520 323 [email protected]

Alex Demeroutis+1 520 323 [email protected]

Erik Parker+1 619 696 [email protected] 01315045

DEBT & STRUCTURED FINANCE

Jim Hatch+1 909 809 [email protected]. 01236415

Table of Contents

p4 Investment Highlightsp6 Property Summaryp9 Floor Plan

p10 Development Options & Conceptual Site Plans

p14 Rent Roll

OWNER/USER BUILDING WITH RENTAL INCOME

STATE OF THE ART MULTI-TENANT COLD STORAGE FACILITY

$14,500,000 | $129 PSF ASKING PRICE

12 NUMBER OF TENANTS

960 KW ROOF MOUNTED SOLAR POHTOVOLTAIC SYSTEM (PV)

3,000+ NUMBER OF SOLAR PANELS

2014 YEAR SOLAR PV PROJECT PLACED IN SERVICE

$944,676 IN-PLACE NOI (AS OF MARCH 2020)

$209,141 (±$0.122 PER KW) EST RENEWABLE ENERGY CREDITS (EXPIRES 2025)

98% OCCUPANCY

TOTAL BUILDING SIZE ±122,947 SF

OFFICE AREA ±22,130 SF (18%)

REFRIGERATED AREA ±67,620 SF (55%)

DRY STORAGE AREA ±33,197 SF (27%)

LAND AREA ±40,83 ACRES

PARKING 60 STALLS

INVESTMENT HIGHLIGHTS

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4 555 WEST GOLD HILL ROAD, NOGALES, ARIZONA

SOLAR PHOTOVOLTAIC ARRAYThe property is equipped with an approximately 960 kW solar photovoltaic roof-mounted system that was placed into service in 2014. The property is connected to the inverters and also the utility grid and will continue to obtain power from the grid as needed. The system was designed to produce 960 kW of electrical power annually and includes over 3,000 panels, and two inverters.

RENEWABLE ENERGY CREDITSThe solar photovoltaic system has a 20-year contractual commitment with Unisource Energy Services which commenced upon completion of the improvements in 2014 and brings an additional ±$0.122 kWh in Renewable Energy Credits over the first twelve (12) years of operation. The estimated annual payment for the system is $209,141.

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±122,947 SF TOTAL BUILDING SIZE

105-22-004A &105-22-026 APN

±40.38 ACRES LAND AREA

±22,130 SF OFFICE

±67,620 SF REFRIGERATION AREA

±33,197 SF DRY STORAGE

37 DOCK DOORS WITH 84 TRAILER POSITIONS (PLATFORM)

±15 FEET UP TO ±20 FEET CLEAR HEIGHT

1965 WITH ADDITIONS IN 2001 AND 2013 YEAR BUILT

LI, LIGHT INDUSTRIAL ZONING

PROPERTY SUMMARY

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1

2

W GOLD

HILL RD

W GOLD

HILL RDN GRAND AVE

N GRAND AVE

No. APN Bldg. Size (SF) Gross Land Area (AC) Gross Land Area (SF)

1 105-22-004A 122,947 34.35 1,496,286

2 105-22-026 - 6.48 282,269

Totals 122,947 40.83 1,778,555

PROJECT AERIAL

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FLOOR PLAN

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DEVELOPMENT OPTION 1 CONCEPTUAL SITE PLAN

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PORT OF ENTRYPORT OF ENTRY

USAMEXICOBORDER NOGALES BORDER CROSSINGNOGALES BORDER CROSSING

OLD TUCSON DR

OLD TUCSON DRPROXIMITY TO PORT OF ENTRY

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13

CURRENT TOTALS / AVGS

OCCUPIED SqFt 120,347 97.9%

VACANT SqFt 2,600 2.1%

TOTAL SqFt 122,947 100.0%

RENT ROLL

SUITE TENANT NAME SQUARE FEET

PRO-RATA

LEASESTART

LEASEEXPIRATION

RENTAL RATES RECOVERYTYPE

Begin Monthly PSF Annually PSF

A:1 A7 LLC 135 0.11% Jul-2019 Jun-2020 Jul-2019 $225 $1.67 $2,699 $19.99 NNN

A:2 Ohtep Tech (BP) 135 0.11% Oct-2018 Sep-2020 Oct-2018 $203 $1.50 $2,430 $18.00 NNN

Rent roll shows pending expiration. Assumed 2 year deal expiring 9/30/20.

A:3&4 F&A Transport 276 0.22% Jun-2019 May-2020 Jun-2019 $414 $1.50 $4,968 $18.00 NNN

A:5&6 Fortina Dominguez 276 0.22% Feb-2016 Jan-2021 Feb-2016 $414 $1.50 $4,968 $18.00 NNN

A:7 Fresh Solutions 213 0.17% Nov-2019 Jun-2020 Nov-2019 $320 $1.50 $3,834 $18.00 NNN

A:8 VACANT A-8 721 0.59% - - - $0 $0.00 $0 $0.00 NNN

A:9 VACANT A-9 324 0.26% - - - $0 $0.00 $0 $0.00 NNN

A:10 VACANT A-10 153 0.12% - - - $0 $0.00 $0 $0.00 NNN

A:11 VACANT A-11 370 0.30% - - - $0 $0.00 $0 $0.00 NNN

A:26 Wilson Produce A:26 3,285 2.67% Oct-2019 Sep-2022 Oct-2019Oct-2020 Oct-2021

$3,063$3,156$3,249

$0.93$0.96$0.99

$36,762 $37,876 $38,993

$11.19$11.53$11.87

NNN

C:30-36 K&K International 3,223 2.62% Oct-2018 Sep-2020 Oct-2018 $3,145 $0.98 $37,743 $11.71 NNN

C:41-42 Osvil International 443 0.36% Nov-2018 Oct-2020 Nov-2018 $550 $1.24 $6,600 $14.90 NNN

C:43 VACANT C-43 360 0.29% - - - $0 $0.00 $0 $0.00 NNN

C:44 Interstate Freight Brokers 324 0.26% Nov-2019 Oct-2020 Nov-2019 $481 $1.48 $5,772 $17.82 NNN

C:45&46 VACANT C:45&46 672 0.55% - - - $0 $0.00 $0 $0.00 NNN

C:47-50 Quality Repack 904 0.74% Aug-2018 Jul-2021 Aug-2018Aug-2020

$608$626

$0.67$0.69

$7,293 $7,512

$8.07$8.31

NNN

"Base rent is average of provided info for different months. $485.20/mo (Jun-Sep) $730.29/mo (Oct-May)”

A:WHSE Wilson Produce A:Whse 34,068 27.71% Oct-2018 Sep-2021 Oct-2018Oct-2020

$18,065$18,595

$0.53$0.55

$216,778 $223,145

$6.36$6.55

NNN

B:WHSE Wilson Produce B: WHSE 42,410 34.49% Oct-2018 Sep-2021 Oct-2018 $35,215 $0.83 $422,577 $9.96 NNN

Wilson Produce expired 9/30/2019. Assumed extended through same expiration as WHSE A.

C1-C3:WHS Quality Repack C:Whse 11,571 9.41% Aug-2018 Jul-2021 Aug-2018Aug-2020

$3,373$3,471

$0.29$0.30

$40,477 $41,656

$3.50$3.60

NNN

"Base rent is average of provided info for different months. $1,167.23/mo (Jun-Sep) $5,578.99/mo (Oct-May)”

C-B1:WHSE Quality Repack C:B1 3,800 3.09% Oct-2019 Sep-2020 Oct-2019 $2,300 $0.61 $27,600 $7.26 NNN

Rent Roll states (Oct-May)

C4:WHSE Pending Lease 4,179 3.40% Nov-2019 Oct-2020 Nov-2019 $3,309 $0.79 $39,705 $9.50 NNN

C5-C7:WHSE Food Bank 10,362 8.43% Oct-2019 Sep-2020 Oct-2019 $5,485 $0.53 $65,820 $6.35 NNN

D:WHSE Quality Repack D: Whse 4,743 3.86% Apr-2019 Mar-2020 Apr-2019 $1,554 $0.33 $18,647 $3.93 NNN

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2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

ADVISORS

John Slattery+1 520 275 [email protected]

CONTACT INFORMATION

Jesse Blum+1 520 323 [email protected]

Alex Demeroutis+1 520 323 [email protected]

Erik Parker+1 619 696 [email protected] 01315045

DEBT & STRUCTURED FINANCE

Jim Hatch+1 909 809 [email protected]. 01236415

FOR SALESTATE OF THE ART MULTI-TENANT COLD STORAGE FACILITY OWNER/USER BUILDING WITH RENTAL INCOME

for sale - loopnet...the solar photovoltaic system has a 20-year contractual commitment with ......

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