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Offering Memorandum
14521-14523 Big Basin WaySaratoga, CA
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
NON-ENDORSEMENT NOTICE
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Y0010557
CONFIDENTIALITY AND DISCLAIMER
Presented by:
OFFICES NATIONWIDEwww.marcusmillichap.com
Investment Sales:
JJ TaughinbaughFirst Vice President InvestmentsPALO ALTOTel: (650) 391-1807Fax: (650) [email protected] License: CA 01413305
Yuri Sergunin, CCIMSenior Investment AssociatePALO ALTOTel: (650) 391-1764Fax: (650) [email protected] License: CA 01908322
exclusively listed
TABLE OF CONTENTS826 North Winchester Boulevard
EXECUTIVE SUMMARYOffering Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6Investment Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7Aerial Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Local Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9Regional Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Parcel Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Rendering . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Floor Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13Market Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
TABLE OF CONTENTS826 North Winchester Boulevard
summaryE X E C U T I V E S U M M A R Y
EXECUTIVE SUMMARY
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14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
14521-14523 Big Basin WaySaratoga, CA 95070
Property Details
COUNTY RECORDS
Price $3,100,000
Address 14521-14523 Big Basin WaySaratoga, CA 95070
APN 503-24-027 / 503-24-020
County Santa Clara County
Type Mixed Use
Combined Gross SF 2,907 SF
Combined Lot Size 0.11 Acres
Zoning CH1 / CC
Year Built ~1900
Ownership Fee Simple
Landscaping Trees & Shrubs
Topography Slope
Street Frontage Big Basin Way
Walking Distance Saratoga Village
GROVER HOUSE AREA SF BLUE ROCK AREA SF
Level
Parking Apartment 1 487 Office 1 578
Basement Apartment 1 1,132 Apartment 1 1,152
Storage Resid. 628
Street Restaurant/RET 871 Apartment 1 859
Restaurant/RET 921
Upper N/A Apartment 2 1,694
Total 2,490 5,832
Check out the Virtual Tour!
Proposed Development
https://youtu.be/SgwLZhfPAVQ
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EXECUTIVE SUMMARY14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
Marcus & Millichap has been selected to exclusively market
for sale a fully entitled mixed-use development opportunity in
Downtown Saratoga, California . This unique offering consists
of two adjacent buildings on Big Basin Way entitled to be re-
developed into approximately 8,322 square feet mixed use project .
The City of Saratoga is an attractive residential community with
a small-town vibe . Known for its high quality of life, excellent
schools and distinctive businesses, Saratoga holds a special place
in the hearts of residents and visitors alike . The Village, Saratoga’s
historic downtown district, is filled to the brim with unique shops
and fine dining destinations. Saratoga’s dedication to retaining its
small-town feel means that smaller, locally owned shops aren’t the
exception they’re the standard .
The City of Saratoga boasts some of the best schools in the
nation, spread across six districts: Saratoga Union School District,
Cupertino Union School District, Campbell Union School
District, Los Gatos-Saratoga High School District, Campbell
Union High School District, Fremont Union High School
District .
Investment Highlights■■ Rare Mixed-Use Development Opportunity in Downtown
Saratoga, California
■■ Fully Entitled Development Project
■■ One of the Top Three Most Affluent Zip Codes in the Nation
■■ Nation’s Best Schools
■■ Peaceful and Serene Setting with Beautiful Views and Scenery
■■ Pride of Ownership Location
■■ Minutes Away from World Famous Mountain Winery and Hakone Gardens
Investment Overview
EXECUTIVE SUMMARY
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14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
Aerial Map
Subject Property
Saratoga Elementary School
Saratoga Village Shopping Center
Plaza Del RobleShopping Center
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EXECUTIVE SUMMARY14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
14521-14523 Big Basin Way
Local Map
EXECUTIVE SUMMARY
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14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
Regional Map
14521-14523 Big Basin Way
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EXECUTIVE SUMMARY14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
Parcel Map
EXECUTIVE SUMMARY
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14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
Rendering
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EXECUTIVE SUMMARY14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
EXECUTIVE SUMMARY
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14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
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EXECUTIVE SUMMARY14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
EXECUTIVE SUMMARY
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14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
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EXECUTIVE SUMMARY14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
The City of Saratoga is an attractive residential community with a small-town vibe. Known for its high quality of life, excellent schools and distinc-tive businesses, Saratoga holds a special place in the hearts of residents and visitors alike.
Shopping and DiningThe Village, Saratoga’s historic downtown district, is filled to the brim with unique shops and fine dining destinations. Saratoga’s dedication to retain-ing its small-town feel means that smaller, locally owned shops aren’t the exception – they’re the standard.
Arts, Entertainment, and ActivitiesSaratoga has a vibrant art scene and a wealth of activities available to residents and visitors, and is home to some distinctive destinations:
• Hakone Gardens, the oldest Japanese-style residential gardens in the Western Hemisphere.
• Villa Montalvo, former home of Senator James Duval Phelan. Montalvo hosts a concert series, art gallery, and artist in residence program, and is surrounded by 175 acres of park grounds and hiking trails.
• The Mountain Winery in the Saratoga foothills. A popular spot for weddings, wine tastings, and world class concerts in the spring and summer.
Schools and ServicesThe City of Saratoga boasts some of the best schools in the nation, spread across six districts: Saratoga Union School District, Cupertino Union School District, Campbell Union School District, Los Gatos-Saratoga High School District, Campbell Union High School District, Fremont Union High School District.
About the City of Saratoga
EXECUTIVE SUMMARY
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14521-14523 Big Basin Way
This is a broker price opinion or comparative market analysis of value and should not be considered an appraisal. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 Marcus & Millichap
The Village, Saratoga’s historic downtown district, is located on Big Basin Way off of Highway 9. The Village is filled to the brim with unique shops and fine dining destinations. Saratoga’s dedication to retaining its small-town feel means that smaller, locally owned shops aren’t the exception – they’re the standard. The City has done a number of things to improve the Village, from the Village Facade Program to Village pedestrian improve-ments and more.
Saratoga Village
Presented by:
OFFICES NATIONWIDEwww.marcusmillichap.com
Investment Sales:
JJ TaughinbaughFirst Vice President InvestmentsPALO ALTOTel: (650) 391-1807Fax: (650) [email protected] License: CA 01413305
Yuri Sergunin, CCIMSenior Investment AssociatePALO ALTOTel: (650) 391-1764Fax: (650) [email protected] License: CA 01908322
exclusively listed