17,548 SF Multi-Tenant Industrial · 11 Units · NNN Basis
Current Performance · October 2026
Occupancy
100%
Held
Avg $/SF NNN
$15.03
$8.33▲ 80%
WALT
12.6 mo
3.1 mo▲ 9.5 mo
Annualized Rent
$263,777
$143,328▲ 84%
Monthly Revenue
$21,981
$11,944▲ 84%
Leases Completed
9 / 11
▲ Since Closing · Feb 2026
Second DistributionOn its way.The property is 100% occupied and running $21,981/mo — ahead of the Argus underwriting. Amount and payment date to follow.
Proforma Year One
Actual in-place NOI vs. Argus underwriting model
+24%
ABOVE PROFORMA
$21,981/mo actual
vs $17,700/mo projected
+$4,281/mo
← swipe chart →
ACTUAL IN-PLACE
PROJECTED
ARGUS PROFORMA
OUTPERFORMANCE
SOURCE: ARGUS CASH FLOW MODEL (SEP 2025)
Site Plan
New
Renewed
Inherited
Expiring
Rent Rollas of October 28, 2026
Unit
Tenant
SF
Rate
Monthly
Annual
Exp
Status
5950
Quality Auto Glass
Auto Glass
1,903
$15.42 NNN
$2,445
$29,340
10/29
New
5954
Mario Reyes
Athletic Training
2,300
$15.00 NNN
$2,875
$34,500
7/27
New
5956
Century Auto Care
Auto Mechanic
2,300
$8.61 Net Eff.
$1,650
$19,800
2/27
Inherited
5958
Century Auto
Auto Mechanic
1,225
$18.00 NNN
$1,838
$22,056
2/29
New
5960
Top Tier HVAC
HVAC
1,250
$19.20 NNN
$2,000
$24,000
2/27
New
5962
Z3P Speed Lab
Auto Mechanic
1,220
$19.67 NNN
$2,000
$24,000
1/27
New
5964
Designer Drapery
Drapery / Textiles
2,625
$12.00 NNN
$2,625
$31,500
2/28
Renewed
5966
Elysium Tint and Wraps
Window Tint & Wraps
1,300
$19.25 NNN
$2,085
$25,025
10/27
New
5968
Julia Doltchinkova
Artisanal Manufacturing
1,225
$9.92 Net Eff.
$1,013
$12,156
11/26
Inherited
5970
Homeward Cabinets
Woodworking / Cabinetry
1,300
$18.00 NNN
$1,950
$23,400
7/27
New
5972
Rosales Macias / Mosquera
Auto Detailing
900
$20.00 NNN
$1,500
$18,000
7/27
New
TOTAL
11 tenants
17,548
$15.03 avg
$21,981
$263,777
Portfolio Mix · Industry & Tenant Concentration
Where the rent comes from. Concentration risk surfaces when a single tenant or industry dominates the mix.
Industry Mix · by SF
Auto Mechanic27%4,745 SF
Drapery / Textiles15%2,625 SF
Athletic Training13%2,300 SF
Auto Glass11%1,903 SF
Window Tint & Wraps7%1,300 SF
Woodworking / Cabinetry7%1,300 SF
HVAC7%1,250 SF
Artisanal Manufacturing7%1,225 SF
Auto Detailing5%900 SF
Tenant Concentration · % of Monthly Billing
$31,631/mo total
#
Unit
Tenant
Industry
$/mo
% Rent
Cum
1
5954
Mario Reyes
Athletic Training
$4,169
13.2%
13%
2
5964
Designer Drapery Studio
Drapery / Textiles
$4,102
13.0%
26%
3
5950-5952
Quality Auto Glass Colorado
Auto Glass
$3,515
11.1%
37%
4
5966
Elysium Tint and Wraps
Window Tint & Wraps
$2,817
8.9%
46%
5
5956
Century Auto Care
Auto Mechanic
$2,800
8.9%
55%
6
5960
Top Tier Heating & Cooling
HVAC
$2,703
8.5%
64%
7
5962
Z3P Speed Lab
Auto Mechanic
$2,686
8.5%
72%
8
5970
Homeward Cabinets
Woodworking / Cabinetry
$2,681
8.5%
81%
9
5958
Century Auto Care
Auto Mechanic
$2,527
8.0%
89%
10
5972
Adrian Rosales Macias & Brenner Mosquera
Auto Detailing
$2,006
6.3%
95%
11
5968
Julia Doltchinkova
Artisanal Manufacturing
$1,625
5.1%
100%
Rollover Schedule · by Year
17,548 SF total · 11 leases
2026NOW
5968
1 lease1,225 SF· 7%cum 7%
2027
5954 · 5956 · 5960 · 5962 · 5966 · 5970 · 5972
7 leases10,570 SF· 60%cum 67%
2028
5964
1 lease2,625 SF· 15%cum 82%
2029
5950-5952 · 5958
2 leases3,128 SF· 18%cum 100%
2030
no rollovercum 100%
2031
no rollovercum 100%
Bars sized by SF rolling each year · in-bar labels show units expiringSeverity: ● >40% ● 20-40% ● 5-20% ● 0%
Updates & Milestones
Completed
✓
Elysium Tint and Wraps — Suite 5966
Oct 2026
Replaced Art's Service, which terminated 9/30. 1,300 SF at $19.25 NNN for 13 months — $2,085.42/mo from 11/1 after one free month, both owners guaranteeing. Was $16.23.
✓
Quality Auto Glass — Suites 5950-52
Sep 2026
Replaced Denco Printing, which moved to our Federal property on 8/31. 1,903 SF for 38 months to Oct 2029 at $15.42 NNN, stepping 4% a year. Two months free base, personally guaranteed.
✓
Mario Reyes — Suite 5954
Aug 2026
Re-let after Oscar Rios Vences vacated 6/26. 2,300 SF at $15.00 NNN flat for 12 mo — $2,875/mo base plus $1,159.58 CAM, personally guaranteed. Up from $12.00.
✓
Denco Printing — Suite 5950
Mar 2026
New 1,858 SF lease at $15.50 NNN through May 2031. Longest term in portfolio.
✓
Top Tier HVAC relocated to 5960
Mar 2026
Relocated from 5954 via provision. Now at $19.20 NNN in 1,250 SF.
✓
Z3P Speed Lab — Suite 5962
Feb 2026
New 1,220 SF lease at $19.67 NNN. Auto performance shop.
✓
Century Auto — Suite 5958
Feb 2026
New 1,225 SF lease at $18.00 NNN through Feb 2029.
✓
Art's Service renewed — $16.23 NNN
Mar 2026
Suite 5966 renewed 3/30/26. 12-mo term, $1,650/mo. Rate increased from $8.75 Net Eff. to $16.23 NNN (+85%).
✓
Homeward Cabinets — Suite 5970
Aug 2026
Replaced G & H Automotive, which vacated 7/4 owing $1,450. 1,300 SF at $18.00 NNN — $1,950/mo plus $677.08 CAM. Was $8.44 Net Eff.; more than doubles the suite.
✓
Suite 5972 converted to NNN
Aug 2026
Rosales Macias / Mosquera replace Jerry Thammasiene's gross MTM. 900 SF at $20.00 NNN — $1,500/mo plus $452.25 CAM. Last small-bay gross lease retired.
Upcoming
○
NNN estimates raised to $6.75/SF
Nov 2026
Every NNN tenant moves to $6.75/SF from 11/1, up from $5.60–$6.25. +$923.55/mo. Actual recoverable cost runs about $7.85/SF, so the year-end reconciliation still applies.
○
Julia Doltchinkova renewal
Q4 2026
Suite 5968 expiring 11/30. Inherited at $9.92 — target $14+ NNN.
○
Century Auto Care mark-to-market
2027
Suite 5956 expires 2/28/27. Inherited FSG at $8.61 net eff. Target $16+ NNN.
Confidential — Secure Asset Management Group
This report is for authorized investors only. Data reflects in-place lease terms as of report date.