ADVISORS Mashian Associates ADDING VALUE SALES | LEASING | ADVISORY David Mashian Senior Vice President (949) 954-3725 Direct (310) 903-6907 Mobile [email protected]CA BRE Lic. #01332822 Steve von Seggern Sales Associate (949) 954-3722 Direct (714) 305-7948 Mobile [email protected]Coldwell Banker Commercial 2600 Michelson Drive, Suite 100 Irvine, CA 92612 (949) 954-3700 Main www.CBCAdvisors.com 1360 Logan Ave Costa Mesa, CA 92626
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
ADVISORS
MashianAssociatesADDING VALUE
SALES | LEASING | ADVISORYDavid MashianSenior Vice President
Tenant OverviewsSIGN DEPOT: Offering a variety of highest quality custom signs including large format digital prints, interior and exterior signs, monument signs, stand-off wall displays, custom wall wraps, illuminated signs, fleet vehicle graphics and wraps, banners, magnetic signs, digital signs, sand blasted signs, and more.
SHUYOKAN RYU MARTIAL ARTS CENTER: Offers classes for adults, youth, and law enforcement in practical applications of the traditional martial arts of Yoshinkan Aikido, Kodokan Judo, Jujutsu and Shotokan Karate Jutsu.
SENSEI DYE: Of Shuyokan Ryu Martial Arts Center.
AIKIDO FEDERATION-CALIFORNIA:Aikido is a combination of many martial arts and has no form or patterns in the techniques, only the movements of heaven, earth and nature. Aikido aims to eliminate aggression by blending with an attack to reduce and control conflict.
I.T. TAPPING, INC:Machine shop, established 1987.
ANTHONY’S PURE WATER SYSTEMS:“The Water Doctors.” Accredited sales, service, and repairs of water purifier systems.
TAPPING
T.
I.
ADVISORS
1. AREA OVERVIEW
MashianAssociatesADDING VALUE
City Information and Area Description
Costa Mesa is to the action sports industry as Silicon Valley is to computers. The city, about a mile from the Pacific Ocean, has given birth or is now home to many of the leading companies in the surf-skate-wear industry, including Quicksilver, Hurley, Volcom, Paul Frank, and RVCA.
Costa Mesa's Westside, with reasonable rents and proximity to the Pacific Ocean (about one mile), has proven fertile soil for action sports companies and even businesses that cater to their customers such as Wahoo's Fish Tacos. The youth culture vibe has also sparked cutting edge retail centers in Costa Mesa such as The Camp, The Lab, and the SoCo Collection.
Costa Mesa is situated between Los Angeles and San Diego in the heart of affluent coastal Orange County, just one mile from the beach. It's intersected by three freeways. And it's adjacent to John Wayne Airport. Few cities in the United States can match Costa Mesa's location.
Demographics is another advantage. Costa Mesa and the surrounding community (which includes neighboring Newport Beach and Irvine) provide some of the most attractive demographics in the nation with purchasing power that generates more than $45 million in annual retail sales tax in a city whose population is 111,163.
City Hall also insures a business-friendly atmosphere, from its super low business license fees ($201 is maximum annual cost) to expedited services that cut through traditional red tape and get your business up and running without delay or government-induced headaches.
The retail environment is unique, allowing for developments such as South Coast Plaza (the most successful retail center in the United States), the counter-cultural Camp and LAB shopping centers, the cutting-edge SoCo Collection and The Triangle, and the East 17th Street Promenade that's become home to some of Southern California's most innovative and hottest retailers.
MashianAssociatesADDING VALUE
Developments and Trends
MashianAssociatesADDING VALUE
Demographics
Local Market Trends (www.costar.com)
ADVISORS
3. RENTAL ANALYSIS
MashianAssociatesADDING VALUE
Market Rent Comparable
ADDRESSAVAILABLE SPACE(S) SF
BASE RENT/SF
LEASE TYPETOTAL BASE
RENTNOTES
1)
1260 Logan St 1,728 $1.05 NNN $1,814 OCCUPANCY RATE: 89%
Costa Mesa, CA 92626 DAYS ON MARKET: 15
PARKING RATIO: 4/1,000
YEAR BUILT: 1969
BUILDING SIZE SF: 15,552
2)
1281 Logan St 4,762 $0.95 IG $4,524 OCCUPANCY RATE: 85%
Costa Mesa, CA 92626 DAYS ON MARKET: 66
PARKING RATIO: 2/1,000
YEAR BUILT: 1970
BUILDING SIZE SF: 52,202
3)
2930 Grace Lane 2,121 $1.25 MG $2,651 OCCUPANCY RATE: 92%
Coldwell Banker Commercial Advisors (“Agent”) has been engaged as the exclusive agent for the sale of investment offering by the owner of the Property (“Seller”).
The Property is being offered for sale in an “as-is, where-is” condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein. Neither the enclosed materials nor any information contained herein is to be used for any other purpose or made available to any other person without the express written consent of the Seller.
The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein.
This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations thereunder have been satisfied or waived.
By taking possession of and reviewing the information contained herein, the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; andno portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller or Agent.