Former Premier Jeep Dealership · 2019-07-15 · will pay of the property’s mortgage and provide...

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Former Premier Jeep Dealership

Transcript of Former Premier Jeep Dealership · 2019-07-15 · will pay of the property’s mortgage and provide...

Page 1: Former Premier Jeep Dealership · 2019-07-15 · will pay of the property’s mortgage and provide a more attractive after-tax return. Within 0.5 miles of major retailers: Within

Former Premier Jeep Dealership

Page 2: Former Premier Jeep Dealership · 2019-07-15 · will pay of the property’s mortgage and provide a more attractive after-tax return. Within 0.5 miles of major retailers: Within

SHAUN MOOTHART Lic. 01773201 + 1 949 509 2111 [email protected]

DEBT & STRUCTURED FINANCE

CAPITAL MARKET EXPERTS

CBRE Broker Lic. 004009987

© 2019 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. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the propert of their respective owners. All marks displayed on this document are the property of their respective owners.

GARY STACHE Lic. 00773736 +1 949 725 8532 [email protected]

JOE MILLER Lic. 00902422 C: + 1 714 614 3444 O: + 1 949 725 8656 [email protected]

CHRIS MARTIN Lic. 01998331 + 1 949 725 8439 [email protected]

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PROPERTY OVERVIEW

INVESTMENT HIGHLIGHTS

AREA OVERVIEW

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Table of Contents

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4PLACENTIA, CALIFORNIA

777 S. Orangethorpe Avenue

PROJECT SIZE

±35,073 sf

PROJECT SIZE

$8,500,000/$55,000 month NNN

LAND SIZE

±118,366 sf; ±2.72 acres

YEAR BUILT

1986 PARKING

85 surface stalls

WEBSITE

www.ipsocal.com/777SOrangethorpe

ASSET PROFILE

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ORANGETHORPE AVENUE

S. PLACENTIA AVENUE

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YORBALINDA

OWNER-USER/DEVELOPMENT OPPORTUNITY

- Former car dealership on large 2.72-Acre parcel with existing 35,000 SF building

- Within 0.3 miles to the 57-freeway and 0.8 miles to the Riverside (91) Freeway, providing fast connectivity to the I-5, 22 and 55 freeways and ease of access to all of Southern California

- High barrier to entry location with no available land to develop - Abundant above-standard on-site parking at 5:1000

SIGNIFICANT AFTER-TAX EQUITY ACCUMULATION FROM OWNING VS. LEASING

CLOSE PROXIMITY TO MAJOR RETAILERS AND STRONG CONSUMER DEMOGRAPHICS

- Now is the time to take advantage of the market and protect your business from future rental market spikes. Rather than paying rent to a landlord or investing your money in an alternative investment, you will pay of the property’s mortgage and provide a more attractive after-tax return.

Within 0.5 miles of major retailers: Within 3 miles there are:

Population of 222,000 with a consumer household expenditure budget of $5.1 Billionand average household income of $90,108.

HOTELS35

GYMS13

GROCERYSTORES

30BANKS59

RESTARAUNTS180

*Frey Environmental is in process of obtaining a closure letter from appropriate governmental agencies with timing approximated at 3-6 months.For further information please contact: Andy Wittman, Project Geologist 949 -723-1645 / [email protected]

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ANAHEIM HILLS

ORAN

GETH

ORPE AVEN

UEPLACENTIA AVENUE

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PARCEL MAP

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SIT

E P

RO

FILE

Address 777 S. Orangethorpe Avenue, Placentia, CA 92808

APN 339-112-27

Land Size ± 2.72 Acres | ± 118,366 SF

Zoning SP-5

Use Commercial (retail)

Parking 100 surface parking stalls

Existing Improvement

One-story retail building

Building Size ± 35,073 SF

Year Built 1986

Construction Reinforced concrete

Ceiling Height 16 feet

Utilities Providers

Gas: Southern California Gas Company Electric: Southern California Edison Water: Golden State Water Company Waste Services: Republic Services Placentia Telecommunications: AT&T/Spectrum

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FLOORPLANS

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SITE PLAN

777 S. Orangethorpe Ave.

S PL

ACEN

TIA

AVE

ORANGETHORPE

AVE

SHOWROOM, OFFICES& SERVICE BAYS

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AT A GLANCE

Orange County (OC) is a 948-square-mile coastal community centrally located within Southern California and widely celebrated as the “California Riviera.” Encompassing 34 incorporated cities, this coastline county is one of the most desirable markets in the country. Orange County offers pro-business communities, a robust and entrepreneurial regional economy, an exceptional labor pool supported by first-class universities, a broad infrastructure network and world-class amenities—all the qualities make it a highly sought after commercial location and a great place to live.

Source: Data USA, Orange County CA, 2019; CBRE Location Analytics & Mapping, 2019; U.S. Census Bureau, 2019; U.S. Bureau of Economic Analysis, 2019.

$81,194MEDIAN HOUSEHOLD

INCOME

$620,545MEDIAN PROPERTY

VALUE

1.56MNUMBER OF EMPLOYEES

37.2MEDIAN AGE

6thLARGEST COUNTY

IN U.S.A.

30%IN U.S.A.

1.09% GROWTH

4.20% GROWTH

2ndHIGHEST DENSITY

IN CALIFORNIA

3.2MPOPULATION

$245.1BGDP (EQUIVALENT TO FINLAND)

38.0%COLLEGE-EDUCATED

POPULATION

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Orange County’s well-diversified economy, high-quality labor force and “quality-of-life” desirability, superior education and multi-modal transportation systems, and strategic location on the Pacific Rim provide an excellent locational advantage for commercial properties.

ORANGE COUNTY IS AN ECONOMIC POWERHOUSE

OC BY THE NUMBERS

1STMEDICAL DEVICE MANUFACTURING IN THE U.S.

3.6%UNEMPLOYMENT RATE

5THMOST EDUCATED COUNTY IN THE U.S.

6THLARGEST COUNTY BY POPULATION IN THE U.S.

2NDLARGEST WORKFORCE IN CALIFORNIA

3RDMOST DIVERSE TECH SECTOR IN THE U.S.

1STTRANSPORTATION INNOVATION & MASTER PLANNED COMMUNITIES IN THE U.S.

Source: Labor Market Information Division of the California Employment Development Department (EDD), 2019; Orange County Business Council, Economic Powerhouse, 2019.

15.0

12.5

10.0

7.5

5.0

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

IE UNEMPLOYMENT LA UNEMPLOYMENT CA UNEMPLOYMENT US UNEMPLOYMENT SD UNEMPLOYMENT OC UNEMPLOYMENT

UNEMPLOYMENT RATE

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PLACENTIA, CALIFORNIA

Placentia is a quintessential Southern California suburban city, nestled in northern Orange County, north of Anaheim and 22 miles southeast of metropolitan Los Angeles. The city, incorporated in 1926 and was once heralded as an 'All American City', is best known for its simple lifestyle and family atmosphere.

Placentia’s economic history is one of dramatic transformation. With its warm climate and rich land, the city was well suited for raising citrus fruit, walnuts, avocados, and grapes in its early days. Today, as a result of signification densification, the city has transitioned from its agricultural past and into a suburban city with strong manufacturing and commercial sector.

George Kay Ranch Brea Mall

A.S. Bradford House Nixon Library

Anaheim Packing District Angel Stadium

Fullerton Arboretum

Disneyland

Honda Center

Major Attractions

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Placentia By The Numbers

P l a c e n t i a

P O P U L A T I O N 53,787

M E D I A N A G E 37.0

C O L L E G E - E D U C A T E D P O P U L A T I O N 25,500A V E R A G E H O U S E H O L D I N C O M E

( 16 % H I G H E R T H A N C A A V E R A G E ) $116,314

A V E R A G E P R O P E R T Y V A L U E $642,069

N U M B E R O F E M P L O Y E R S 1,854

N U M B E R O F E M P L O Y E E S 27,790

U N E M P L O Y M E N T R A T E 2.7%

MAJOR EMPLOYERS

TOP UNIVERSITIES

Major Transportation Infrastructures

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776 S Placentia Ave 776 S Placentia Ave 776 S Placentia Ave 776 S Placentia Ave

Demographic Comprehensive 1 Mile 2 Miles 3 Miles 5 Miles Population2018 Population - Current Year Estimate 23,215 101,992 221,078 524,4902023 Population - Five Year Projection 23,633 105,280 230,332 549,3262010 Population - Census 22,810 96,605 206,002 484,8652000 Population - Census 23,303 94,601 198,567 460,4072010-2018 Annual Population Growth Rate 0.21% 0.66% 0.86% 0.96%2018-2023 Annual Population Growth Rate 0.36% 0.64% 0.82% 0.93% Place of Work2018 Businesses 1,691 5,152 9,906 26,3902018 Employees 18,278 58,420 113,109 420,414

Education2018 Population 25 and Over 13,704 63,282 142,066 342,641High School Diploma 3,081 22.5% 12,572 19.9% 27,517 19.4% 64,120 18.7%GED or Alternative Credential 206 1.5% 1,077 1.7% 2,429 1.7% 5,869 1.7%Bachelor`s Degree 1,596 11.6% 10,899 17.2% 28,804 20.3% 74,551 21.8%Graduate or Professional Degree 739 5.4% 4,781 7.6% 13,671 9.6% 37,704 11.0%

Households2018 Households - Current Year Estimate 5,815 28,826 66,340 158,4842023 Households - Five Year Projection 5,886 29,531 68,628 165,5352010 Households - Census 5,812 27,936 63,061 149,0762000 Households - Census 5,792 28,039 61,262 142,3692010-2018 Annual Household Growth Rate 0.01% 0.38% 0.62% 0.74%2018-2023 Annual Household Growth Rate 0.24% 0.48% 0.68% 0.87%2018 Average Household Size 3.98 3.47 3.28 3.26

Household Income2018 Households 5,815 28,826 66,339 158,4692018 Average Household Income $66,351 $80,743 $90,873 $101,0052023 Average Household Income $77,780 $95,733 $107,051 $118,8352018 Median Household Income $49,517 $58,970 $66,315 $74,8672023 Median Household Income $55,913 $68,621 $77,761 $85,5882018 Per Capita Income $16,487 $23,490 $27,815 $31,2062023 Per Capita Income $19,206 $27,513 $32,416 $36,474

Housing Units2018 Housing Units 6,295 30,389 70,133 166,4872018 Vacant Housing Units 480 7.6% 1,563 5.1% 3,793 5.4% 8,003 4.8%2018 Occupied Housing Units 5,816 92.4% 28,826 94.9% 66,340 94.6% 158,484 95.2%2018 Owner Occupied Housing Units 1,873 29.8% 11,695 38.5% 30,923 44.1% 82,482 49.5%2018 Renter Occupied Housing Units 3,943 62.6% 17,131 56.4% 35,417 50.5% 76,002 45.7%

©2019 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Source: Esri

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AFFILIATED BUSINESS DISCLOSURE

CBRE, Inc. operates within a global family of companies with many subsidiaries and 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 man-agement, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involve-ment in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective cli-ent(s).

CONFIDENTIALITY AGREEMENT

Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

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

This 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 informa-tion 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 information 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 con-ditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes 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 MEMORAN-DUM 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.

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JOE MILLER Lic. 00902422 C: +1 714 614 3444 O: +1 949 725 8665 [email protected]