Travis Air Force Base Strip Center Fairfield, CA

Travis Air Force Base Strip Center Fairfield, CA

Summary of Salient Facts Address 658-680 Parker Road, Fairfield, CA 94533 Price Cap $2,295,000 6.5% Rent $18,266 Monthly $219,203 Annual Gross Zoning CT Community Commercial Lot Size 1.95 Acres Building Size 14,324 SqFt Year Built 1961

Income & Expense Actual Gross Annual Income $219,203 Vacancy Reserve 5% $10,960 Adjusted Gross $208,243 Taxes $24,780 (Estimated New Taxes) Insurance $6,551 Maintenance & Repair/HVAC $7,201 Gas & Electric $9,281 Water & Sewer $9,142 Garbage $2,083 Total Expense $59,038 NOI $149,205

Property & Place The property s whole building has new plumbing connection to Fairfield City mains completed March 2018 and is ready for a motivated Owner who will paint and make repairs and bring the property to market rents. Perfect for a motivated investor. In addition to the Air Force Base and Capital Improvements in Fairfield new construction housing is rapidly growing with currently 2,791 units/houses being built and 9,678 units/houses approved for upcoming development projects. Making a total of 12,469 new units/houses to be in Fairfield. 10,563 of the upcoming and current units/houses being development are within a 3-mile radius of the subject property. Subject Property Map displays Housing Development Projects that began construction in 2017.

Travis Air Force Base Travis Air Force Base is a United States Air Force air base under the operational control of the Air Mobility Command (AMC), located three miles (5 km) east of the central business district of Fairfield, in Solano County, California, United States. Situated in the San Francisco Bay Area and known as the Gateway to the Pacific, Travis Air Force Base handles more cargo and passenger traffic through its airport than any other military air terminal in the United States. The base has a long and proud history of supporting humanitarian airlift operations at home and around the world. Today, Travis AFB includes approximately 7,260 active USAF military personnel, 4,250 Air Force Reserve personnel and 3,770 civilians. Travis AFB has a major impact on the community as a number of military families and retirees have chosen to make Fairfield their permanent home. Travis AFB is the largest employer in the City and Solano County as well, and the massive Travis workforce has a local economic impact of more than $1 billion annually. The Base also contributes a large number of highly skilled people to the local labor pool. The base s host unit, the 60th Air Mobility Wing, is the largest wing in the Air Force s Air Mobility Command, with a versatile fleet of 26 C-5 Galaxies, 27 KC-10 Extenders, and 13 C-17 Globemaster III aircraft. In addition, the base s former Strategic Air Command Alert Facility is now a U.S. Navy complex that typically supports 2 transient Navy E-6B Mercury TACAMO aircraft assigned to Fleet Air Reconnaissance Squadron THREE (VQ-3) Detachment and normally home-based at Tinker AFB, Oklahoma. The base is also host to David Grant USAF Medical Center, a 265-bed, $200 million Air Force teaching hospital, which serves both in-service and retired military personnel. The subject property is located about 0.2 miles from the enterance to Travis Air Force Base. ***information gathered from the Wikipedia website: https://en.wikipedia.org/wiki/travis_air_force_base ***photo gathered from the Travis Air Force Base website: http://www.travis.af.mil/news/article/1417613/year-in-review-photos/

658-680 Parker Road, Fairfield, CA 94533 Fairfield Capital Improvements On Monday, November 13, 2017, the Fairfield Vacaville Train stop opened for Capitol Corridor intercity passenger train service. In combination with the Peabody Road Overcrossing, this was one of the largest capital improvement projects in Fairfield s history. The train station is the focal point for transitoriented development that is planned to occur in northeast Fairfield over the next 10 to 20 years.a ceremony to celebrate the new stop is scheduled for spring 2018. The new stop features a center island platform, pedestrian/bicycle underpass, plaza area, secure parking with lighting, landscaping and drainage. The Fairfield/Vacaville stop is one of 18 stations the Capitol Corridor serves along a 170-mile corridor in Northern California between Auburn/Sacramento and San Jose. Thirty trains will serve the new stop every weekeday from 5 a.m. to 11 p.m. On weekends, 22 trains will serve the stop from 6:30 a.m. to 11 p.m. Construction began in March 2015 and included a one-year closure of Peabody Road between Vanden Road and Huntington Drive to construct the Peabody Road Overpass. The overpass improves safety on Peabody Road by replacing the previously existing and heavily-used at-grade crossing of the railroad tracks. In addition to the new overpass, the project included widening Peabody Road from Cement Hill Road to Huntington Drive, a new two-lane transit access road through the stop, and two new signalized intersections. The project includes the new 800-foot long train stop platform, sheltered passenger waiting areas accessible by a pedestrian/bicycle underpass, a parking lot, and a bus passenger transfer area. Additionally, the project widening Peabody Road from 2-lanes to 6-lanes and constructed an overpass over the existing railroad tracks on Peabody Road. The Peabody Road overpass is located between Vanden Road and Huntington Drive, and allows for safe crossing over the Union Pacific Railroad tracks for automobiles, bicycles, and pedestrians. It will enhance public safety and relieve traffic congestion. Subject Property is located 1.5 miles from the Peabody Overpass and 9.2 miles from the new Fairfield/Vacaville Station. ***information gathered from the City of Fairfield website: https://www.fairfield.ca.gov/gov/depts/pw/fairfield_vacaville_train_station_and_peabody_road_improvements.asp ***photo gathered from the Travis Air Force Base website: http://www.travis.af.mil/news/article/913166/wing-leadership-local-civic-leaders-celebrate-peabody-road-opening/

Demographics 1 Miles: 3 Miles: 5 Miles: 2010 Population 3,402 27,791 127,325 2017 Population 4,224 32,039 136,999 2022 Population (projected) 4,672 34,271 143,967 2010 Households 1,039 8,348 39,029 2017 Households 1,281 9,624 42,383 2022 Households (projected) 1,416 10,284 44,610 2017 Average Households Size 3.27 3.23 3.03 2010 Owner Occupied Housing Units 342 5,783 23,444 2010 Renter Occupied Housing Units 697 2,565 15,585 2017 Owner Occupied Housing Units 377 6,398 24,891 2017 Renter Occupied Housing Units 905 3,227 17,493

Demographics (continued) 1 Miles: 3 Miles: 5 Miles: 2017 Households by Income < $15,000 43 425 3,158 $15,000 - $24,999 53 408 2,924 $25,000 - $34,999 133 663 3,305 $35,000 - $49,999 221 1,154 5,275 $50,000 - $74,999 289 1,935 8,122 $75,000 - $99,999 222 1,659 6,456 $100,000 - $149,999 213 1,954 7,752 $150,000 - $199,999 88 933 3,178 $200,000+ 18 484 2,204 Median Household Income $63,962 $77,479 $68,434 Average Household Income $76,859 $92,841 $86,335 Per Capita Income $21,981 $28,622 27,237

Close Up Aerial Map Peabody Overpass & Railroad Subject Property Travis Air Force Base

Aerial Map

Property Photos

Parcel Map