505 W FOOTHILL BLVD, AZUSA, CA ±0.4 MILES FROM AZUSA METRO STATION :: INFORMATION PACKAGE FOR SALE | ±3.74 AC INDUSTRIAL LAND, AZUSA Capital Markets | Investment Properties :: Ron Mgrublian Lic. 01902882 +1 562 968 1171 [email protected]Presented by: :: Edward Matevosian Lic. 01358783 + 1 818 502 6744 [email protected]Historic Rte 66 N McKeever Ave W Foothill Blvd N Orange Ave 505 W FOOTHILL BLVD.
24
Embed
:: INFORMATION PACKAGE FOR SALE | ±3.74 AC INDUSTRIAL …...Land Area: ±3.74 AC Ownership: Fee Simple Zoning: West End Light Industrial OFFERING SUMMARY Address/APN Land Sq. Ft.
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
5 0 5 W F O O T H I L L B LV D , A Z U S A , C A ± 0 . 4 M I L E S F R O M A Z U S A M E T R O S TAT I O N
5 0 5 W F O O T H I L L B LV D , A Z U S A , C A | A f f i l i a t e d B u s i n e s s D i s c l o s u r e a n d C o n f i d e n t i a l i t y A g r e e m e n t
CBRE, Inc. operates within a global family of companies with many subsidiaries and/or 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 management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the
Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserved 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
with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.
confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by
your tax, financial and legal advisors. 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.
O F F E R I N G S U M M A RYCBRE is pleased to present for sale 505 W Foothill Boulevard in Azusa. This property is ±3.74 AC and is zoned as “West End Light Industrial”.
Property Address: 505 W Foothill Blvd, Azusa, CA 91702Assessor Parcel Numbers: 8605-003-059Offering Price: $7,000,000Current Property Use: IndustrialLand Area: ±3.74 ACOwnership: Fee SimpleZoning: West End Light Industrial
O F F E R I N G S U M M A RYAddress/APN Land Sq. Ft. Building Sq. Ft. Year Built
505 W Foothill Blvd APN 8605-003-059 ±3.74 AC ±41,370 1947
Per Realquest Title Reports
505W FOOTHILL BLVD.
3
• Affluent trade area
• Rare opportunity to own a site adjacent to the Metro tracks and about ±0.4 miles from the Azusa Metro Station
• Parcel size: ±3.74 AC
• Zoning: West End Light Industrial
• Busy traffic corridor
• Flat, developable land parcel
• Parcel near many traffic generators: excellent ingress and egress from both streets
P R O P E RT Y H I G H L I G H T S505 W Foothill Boulevard
4
PA R C E L M A P
5
S I T E P L A NLong Term Storage
Parking Lot
Feul Tank
WAREHOUSE
METAL SHED
Tooling Storage
BLOCKBUILDING #5
MET
AL S
HO
PW
AREH
OU
SE #
36,
500
Sq. F
t. Tool Repair
OPEN METAL WAREHOUSEWELDSHOP #420,250 Sq. Ft.
Storage Rocks
MET
AL W
AREH
OU
SEO
FFIC
ES #
214
,500
Sq.
Ft.
Park
ing
Lot
Addi
tiona
l Par
king
Office
ConexStorage
ConexStorage
Storage
TruckTrailerParking
EquipmentParkingSwing Gate
RollingGate
Conex
ConcreteBlocksLight
Poles
2,340 Sq. Ft.
512 Ft.
50 Ft. 150 Ft. 206 Ft.
405 Ft.
85 Ft.
148 Ft.
125 Ft.
220
Ft.
165
Ft.
100 Ft.
47 Ft.
40 Ft.47 F
t.37 Ft.
147 Ft.92 Ft.
363
Ft.
548
Ft. 35
0 Ft
.
210
Ft.
13 Ft.
6
A D J A C E N T T O M E T R O G O L D L I N E
505 W Foothill Boulevard
7
A E R I A L M A P
505 W FOOTHILL BLVD.
8
A E R I A L
210
AZUSA METRO STATION
505 W Foothill Boulevard
9
LOCAL MAP
505 W Foothill Boulevard
210
10
REGIONAL MAP
505 W Foothill Boulevard
11
ZONING
505 W Foothill Boulevard
12
A new Azusa is emerging. The City is revitalizing the community by offering new choices for living, working and exploring. The City understands that providing the highest quality of life is a means of achieving positive economic development benefits. An ombudsman also provides one-on-one assistance to businesses. Nestled at the foot of the San Gabriel Mountains National Monument and with access to a reliable source of water, affordable electric rates and a sustainable infrastructure featuring two light rail Foothill Gold Line Stations, Azusa is prepared to be the ideal destination for residents, businesses and explorers.
The Business Friendly City
MAJOR EMPLOYERS
azusa block 36: a new mixed-use development
azusa block 36 concept plan | design by wha
AZUSA OVERVIEW
13
AZUSA OVERVIEW
THE METRO GOLD LINE
The city of Azusa is home to two Gold Line stations as part of the Foothill Gold Line from Pasadena to Azusa, completed on time and on budget on September 23, 2015 and turned over to Metro. Downtown Azusa is one of the two stations in Azusa, located in the heart of the city’s downtown. The second Gold Line station is located on the eastern border of the city near Azusa Pacific University and Citrus College (APU/Citrus College Station). Passenger service began on March 5, 2016.
The Azusa Downtown station is located east of Azusa Avenue, and consists of side platforms with the track in the middle. As part of the project, Alameda Avenue was permanently closed to accommodate the new platforms. The next Gold Line construction phase will continue the line for 12 miles east from Downtown Azusa is one of the two stations in Azusa, located in the heart of the city’s downtown. The second Gold Line station is located Azusa to Montclair and eventually the plan is to extend it to Ontario Airport (all construction subject to funding).
Approximately 12 million annual boardings. (www.metro.net.com)
14
15
EDUCATION
Azusa offers convenient access to a plethora of world class educational institutions. Azusa residents are able to enjoy convenient access to schools such as Azusa Pacific University, California Institute of Technology, the University of Southern California, Citrus College, Occidental College, Loyola Law School, Southwestern Law School and Pasadena City College within minutes. Each institution produces a rich source of skilled labor capable of pursuing highly specialized occupations and business ventures. The local talent nearby, the strong demographics, and the mass transit in Azusa, will continue elevating the trend of this community’s desirability.
16
DEMOGRAPHICS MAP
505 W Foothill Boulevard
17
DEMOGRAPHICS
pOPULATION
2017 ESTIMATED POPULATION 21,941
2022 ESTIMATED POPULATION 23,038
RACE & ETHNICITY
2017 ESTIMATED POPULATION BY RACE
21,941
White 12,638 57.6%
Black 518 2.4%
Asian 1,650 7.5%
Pacific Islander 33 0.2%
American Indian &Alaska Native
266 1.2%
Other Race 5,775 26.3%
Two or More Races 1,060 4.8%
Hispanic 16,687 76.1%
White Non-Hispanic 2,907 13.2%
Education
2017 ESTIMATED POPULATION OVER 25 BY EDUCATIONAL ATTAINMENT
13,381
Less than 9th Grade 2,111 15.8%
9-12th Grade - No Diploma 1,068 8.0%
High School Diploma 3,704 27.7%
GED or Alternative Credential 259 1.9%
Some College - No Degree 2,573 19.2%
Associate`s Degree 1,032 7.7%
Bachelor`s Degree 1,759 13.2%
Graduate or Professional Degree
875 6.5%
HOUSING
2017 ESTIMATED OWNER OCCUPIED UNITS
3,028
2017 ESTIMATED RENTER OCCUPIED UNITS
3,164
HOUSEHOLDS
2017 HOUSEHOLDS 6,192
2022 HOUSEHOLDS 6,471
HOUSEHOLD INCOMES
2017 AVERAGE HOUSEHOLD INCOME $68,904
2022 AVERAGE HOUSEHOLD INCOME $79,296
*WITHIN A ONE MILE RADIUS OF SUBJECT PROPERTY
18
DOWNTOWN AZUSA AMENITIES MAP
505 W Foothill Boulevard
19
LOCAL AZUSA NEIGHBORHOOD AMENITIES MAP
505 W Foothill Boulevard
20
DOWNTOWN LOS ANGELES | ONLY A FEW METRO STOPS AWAY
Downtown Los Angeles, with direct Gold Line access from Azusa to Union Station, was built up around the original settlements in the region, and is naturally its geographic center. It has become one of the most dynamic urban centers in the West and the regional hub of Southern California. It contains the largest concentration of office space and cultural amenities, is the center of an extensive transportation network, and is the focal point for investment capital by public and private sources. The city’s renaissance, which began in the mid-1990s, has accelerated. According to the Downtown Center BID (DowntownLA.com), investment in Downtown LA from 1999 to 2014 has been approximately $19.3 billion. Out of this $19.3 billion investment over the years, $7.3 billion of it has been in the residential sector. The residential and retail sectors have seen significant growth, which the hotel market continues to expand to meet the demand from over 10 million visitors annually.