This is a 4 stage multi-cache.
The coordinates given are to the first site. That container holds the coordinates to the second site which holds the coordinates to the third and so on.
The fourth and final site has the log (with pencil) and some tradeables.
Sites 1-3 are small sized caches and the fourth is a regular sized container.
Good luck and I hope this is a fun multi-cache for you! :)