PowerPoint Presentation · 2019-05-31 · Tenant Name Suite # Square Feet Term Comm. - Expires...
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RE/MAX OF SANTA CLARITA - CRISSMAN COMMERCIAL SERVICES, INC. | 25129 The Old Road, Suite #212, Santa Clarita, CA 91381 | PH: 661.295.9300 FX: 661.295.0527 National Retail Leasehold Investment | FOR SALE ROUTE 66 GLENDORA RETAIL CENTER 541-555 S. Grand Avenue & 601-605 W. Route 66, Glendora, CA 91741 Multi-Tenant Retail Leasehold investment situated at a primary intersection with national credit tenants, ample parking, and 100% occupancy. Ground Lease through 2047. Call (661)295-9300 www.crissmancommercial.com/glendora 8% CAP RATE $3,821,815.00 Ground Lease through 2047
Transcript of PowerPoint Presentation · 2019-05-31 · Tenant Name Suite # Square Feet Term Comm. - Expires...
RE/MAX OF SANTA CLARITA - CRISSMAN COMMERCIAL SERVICES, INC. | 25129 The Old Road, Suite #212, Santa Clarita, CA 91381 | PH: 661.295.9300 FX: 661.295.0527
National Retail Leasehold Investment | FOR SALE
ROUTE 66 GLENDORA RETAIL CENTER
541-555 S. Grand Avenue & 601-605 W. Route 66, Glendora, CA 91741 Multi-Tenant Retail Leasehold investment situated at a primary intersection with national
credit tenants, ample parking, and 100% occupancy. Ground Lease through 2047. Call (661)295-9300
www.crissmancommercial.com/glendora
8% CAP RATE
$3,821,815.00 Ground Lease through 2047
TABLE OF CONTENTS
Crissman Commercial Services, Inc. makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Crissman Commercial is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. All numbers herein are approximate.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 Crissman Commercial, its affiliates, or any agent, product, service, or commercial listing of Crissman Commercial, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
Property Summary.……………..Pg. 3
Location.......…….……. ………..Pg. 4
Lease Summaries………....……Pg. 5
Valuation Pro Forma...…....…….Pg. 6
Demographics…….……………..Pg. 7
Photos…………………………….Pg. 8
Primary Contacts:
Tim Crissman – Broker
O: (661)295-9300
M: (661)510-8145
DRE# 00855176
Aaron Avila – Senior Associate
O: (661)295-9300
M: (661)993-9873
DRE# 02037778
Dean Cox – Senior Associate
O: (661)295-9300
M: (661)644-6120
DRE# 01331788
Jacob Hodges – Office Manager
O: (661)295-9300
M: (818)304-2304
DRE# 02058432
3. SUMMARY & DETAILS
The Route 66 Glendora retail center is situated at the
busy primary intersection of W. Route 66 and S. Grand
Avenue. The property is on a long term ground lease
that expires in July of 2047 and is comprised of three
buildings constructed in 2007 consisting of 17,676
rentable square feet on a 1.67 Acre site. All seven
units are occupied and include national and regional
tenants such as Union Bank, Juice It Up, T-Mobile,
Pacific Dental Services & more. The intersection
location, dynamic tenant line up, dense commercial
and residential areas surrounding the center, and
proximity to the freeway, schools, and medical centers
make this a desirable investment.
S. Grand Ave.
Property Details
Address: 541-55 S. Grand Avenue &
601-05 W. Route 66,
Glendora, CA 91741
APN: 8634-018-018
Type: Multi-Tenant Retail
Zoning: GRG(Grand/Route 66 Gateway)
Year Built: 2007
RBA: 17,676 Sq. Ft.
Number of Buildings: 3
Lot Size: 1.67 Acres(72,750 Sq. Ft.)
Units: 7
Occupancy: 100%
Parking: 5.26/1,000 Sq. Ft.
Price: $3,821,815.00
Property Summary
Lyons Avenue Less than 1 mile from CA Interstate 210
Surrounded by dense commercial and residential areas.
Many national credit tenants nearby.
Located at the primary intersection of W. Route 66 and S. Grand
Avenue.
Close proximity to Citrus College, Azusa Pacific University,
and several other schools.
Easily accessible ingress & egress
Many medical complexes nearby including Foothill Presbyterian
Hospital
24320-24326 Walnut Street | PAGE 7
Dept. of
Children and
Family
Services
4. LOCATION
Tenant Name Suite # Square Feet Term
Comm. - Expires
Monthly
Base Rent
Annual Rate
PSF
Next Rent
Increase
T-Mobile 541 3,000 8/26/2007 – 9/30/2019
(Intend on renewing at this time)
$8,750.00 $35.00 None scheduled
Juice It Up 545 1,078 3/12/2012 – 8/31/2022 $2,576.42 $28.68 9/1/2019
Pastel Nail Lounge 549 980 8/1/2014 – 7/31/2020 $2,273.60 $27.84 8/1/2019
Café x2o 551 1,540 4/1/2018 – 3/31/2023 $4,020.05 $31.33 4/1/2020
U.S. Min Shang Association 555 1,200 3/1/2017 – 2/29/2020 $2,546.16 $25.46 None scheduled
Union Bank 601 5,378 1/20/2007 – 6/30/2022 $17,994.98 $40.15 None scheduled
Pacific Dental Services 605 4,500 11/17/2003 – 9/11/2037 $8,570.83 $22.86 9/1/2022
TOTALS 17,676 $46,732.04
5. LEASE SUMMARIES
Tenant Leases as of 4/1/2019
Ground Lease as of 4/1/2019
Tenant Name Suite # Square Feet Term
Comm. - Expires
Monthly
Base Rent
Rent Increases Next Rent
Increase
Ground Lessee Ground 72,750
(1.67 Acres)
7/31/2007 – 7/31/2047 $20,166.30 10% every 5
years
8/1/2022
6. VALUATION PRO FORMA
7. DEMOGRAPHICS
35,079
25,064
24,331
27,240
Household Income Traffic Count (Cars Per Day)
Population by Distance and Age (2018)
8. PHOTOS
