INFORMATION EXPO & Property Marketing Event Thursday – June 26, 2008 Property Marketing EXPO – June 26, 2008 Thursday – June 26, 2008 CRA San Diego 1024 Wall Street La Jolla CA 92037 858-729-0073 p [email protected]
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INFORMATION EXPO &Property Marketing Event
Thursday – June 26, 2008
Property Marketing EXPO – June 26, 2008
Thursday – June 26, 2008
CRA San Diego
1024 Wall Street
La Jolla CA 92037
858-729-0073 p [email protected]
Thanks to Our Sponsors:
Steve Malley [email protected]
Property Marketing EXPO – June 26, 2008
Andy French 888-360-1597
Property Highlights
• La Jolla Ocean View Commercial Lot
• 10,430 sf. Irregular shaped, level lot
• Four separate parcels
Price
$2,900,000Gross Fee Buy Side
$72,500
7401 La Jolla Boulevard, 92037Corner Marine Street & La Jolla Blvd
• Four separate parcels
• 145 ft. frontage on La Jolla
Boulevard
• La Jolla PDO (planned district
ordinance) Zone 4
• Mixed Use residential over retail
development
• FAR 1.3
Athena Harman, CSM, CCIMHarman Realtors, Inc858-454-0101 [email protected]
Price
$2,900,000Gross Fee Buy Side
$72,500
7401 La Jolla Boulevard, 92037Corner Marine Street & La Jolla Blvd
Athena Harman, CSM, CCIMHarman Realtors, Inc858-454-0101 [email protected]
Property Highlights
• La Jolla Coast Plaza
• Commercial building + adjacent
vacant lot. 30 on-site parking spaces
(26 in underground garage)
Price
$4,950,000Gross Fee Buy Side
$99,000
6830 La Jolla Boulevard, 92037Corner Bonair Street & La Jolla Blvd
(26 in underground garage)
• 12,337 sf. building on 13,000 sf.
Land
• $380.88/sf land $401.23/sf building
• CAP rate 3.5%
• Existing NOI $175,000
Athena Harman, CSM, CCIMHarman Realtors, Inc858-454-0101 [email protected]
FOR SALE & LEASE• Thorough Renovation in 2007
• Located in Great Retail Corridor
• High Traffic Counts in Heart of El Cajon
• Adjacent to Court House and Performing
Arts Center
Price
$2,800,000Gross Fee Buy Side
$84,000
237 E Main StEl Cajon, CA
Arts Center
• Great Opportunity for User or Investor/Owner
Rentable Sq. Ft.: 12,500
Lease Rate: $1.15/SF NNN
Space Availability: 100% Vacant
Steve Malley858.642.2354Rocket Glass858.642.2364San Diego, CA
Property Highlights• Easily Divisible
• Heavy Traffic Area Downtown
• Prime Street Frontage
• Across from Newly Constructed Albertsons
• Adjacent to Brand New 100+ Unit Residential
Price REDUCTION !
$4,000,000Gross Fee Buy Side
$100,000
1455 Market StSan Diego, California
• Adjacent to Brand New 100+ Unit Residential
Community
Sq. Ft: 21,342 Retail Space
Parcel Number: 535-166-16
Price per Sq. Ft.: $187.42Christine Miller858-642-2376Steve Malley858-642-2354San Diego, CA
Property Highlights
• Corner Lot with Boulevard Exposure
• Good Demographics
• Monument Signage
• Office Building and On-Site Storage
Price
$ bring all offers
South Bay Owner User SiteChula Vista, CA
• Office Building and On-Site Storage
• Many Uses Allowed
Effective Cost of Ownership/SqFt : $0.15
Total Rentable Sq.Ft.: 19,600
Financing Terms: SBA or Seller FinancingSteve Malley(858) 642-2345San Diego, CA
Leslie Lucero(858) 882-0557San Diego, CA
Property Highlights• Full city block in the heart of Little Italy
• Fully entitled for 212 and up to 247
units
• Last large development site near the
bay in Little Italy
Price
Unpriced
The Pier Project, Little ItalySan Diego, California
bay in Little Italy
• Planned city parks to the west of the
property will ensure unobstructed bay
and ocean views
• Great site for luxury multi-family, hotel
or residential mixed-use development
• East access to I-5, airport, tourist
destinations
Diane Miramontes858.546.5409
Darcy Miramontes858.546.5421
Kip Malo858.625.5231
Linville Martin619.237.1405
Hunter Combs858.625.5249
Property Highlights• 8 bungalow style units in the heart of Downtown
San Diego’s trendy “Little Italy” neighborhood
• High demand redevelopment district
• 5,000 SF Lot with real development potential
Price
$1,650,000Gross Fee Buy Side
$41,250
1525 Union Street ApartmentsSan Diego, CA
Subject Property• Two adjacent 5,000 SF parking lots - perfect for
assemblage
• Newly constructed luxury apartments next door
Parcel Number: 533-342-04
Lot Size 5,000 SF
Price Per SF (land): $330
Floor to Area Ratio: 10 : 1
Maximum Building Size: 50,000 SF
Listing #55660
Jim Taylor858-642-2344Travis Lyon858-642-2340San Diego, CA
Subject Property1525-37 Union St.
Sacramento River RV ResortRedding, CA
Property Highlights
• 40+ Acres on the Sacramento River ina High-Traffic Location
• 140 Spaces with 110 Filled Year Round
• Excellent Amenity Package including
Price
$5,050,000Gross Fee Buy Side
$126,250
• Excellent Amenity Package includingPool, Tennis Courts, and Boat Accessto the Sacramento River
# of Spaces: 140
Acres: 47.36
Price per Unit: $36,071
CAP Rate: 6.95%
GRM: 7.24
Listing #58126
Jim Taylor858-642-2344San Diego, CA
Krista Berger858-642-2348San Diego, CA
Property Highlights:• 61 Room hotel, 112 RV spaces,convenience store, restaurant & bar, 181add’l acres for development• Sale includes real estate and businessand land option
Price
$8,000,000
Palm Canyon Resort,RV Park & Adjacent Land221 Palm Canyon Drive, Borrego Springs CA 92004
Gross Fee Buy Side
2.0%
and land option• Ideal for development intoretirement/senior product
•12 acre resort, 181 acres ofdevelopable land•15,000 ESF buildings
Offering Memorandum upon receiptof NDA
Maureen MoranColdwell Banker Commercial NRT(619) [email protected]
Property Highlights:
• Ideal for Owner/User• Occupy all or part
•Down payment 10%
Price
$1,000,000
9217 Security WaySantee, California 92071 Gross Fee Buy Side
2.5%
•Down payment 10%• Seller will carry!
Maureen MoranColdwell Banker Commercial NRT(619) 840-8212
Year Built: 1972
Price per Sq. Ft.: $167.00
Square Footage: 6,000
Lot size: 14,497
Property Highlights:
• Sanctuary seats 276
• 22 classrooms
• Fellowship Hall seats 130
Price
$2,750,000
Church of Christ of Lemon Grove2525 Lemon Grove Ave Gross Fee Buy Side
3.0%
• Fellowship Hall seats 130
• 80 parking spaces
• Adjacent .41 acre parcel available for$500KMaureen Moran
Coldwell Banker Commercial NRT(619) 840-8212
Year Built: 1954
Price per Sq. Ft.: $203.00
Square Footage: 13,576
Lot size: 1.25 acre
Property Highlights:
•6.7 Acre Parcel-Develop orUpgrade Existing Park
Price
$9,800,000
Mobile Home Park & RV StorageElm Gardens – 12374 Mapleview Street, Lakeside, CA 92040
Gross Fee Buy Side
3.0%
Upgrade Existing Park
•59 Unit park
•277 RV Storage Spaces
•Huge Upside Potential
• Hwy67andMapleview.com
Maureen MoranColdwell Banker Commercial NRT(619) 840-8212
Price
$1,200,000Gross Fee Buy Side
$36,000
North Park Owner User2921 El Cajon Blvd, CA
Property Highlights• Seller Financing Available
• 6,750 SqFt with 2,000 SqFt Mezz Space
• Roll Up Doors and Parking/Yard in Rear
• Monument Signage and Boulevard Exposure
• Excellent Demographics
Year Built: 1963
Price per Sq. Ft.: $177
Rentable Sq. Ft.: 6,750
Financing Terms: SBA or Seller Financing
Barbara Kreis(858) 642-2345San Diego, CA
Leslie Lucero(858) 882-0557San Diego, CA
• Excellent Demographics
• Active Redevelopment District
Property Highlights
• Priced BELOW Seller Cost!!
• Outstanding Investment or Owner/UserOpportunity
• Exceptional Location Adjacent to Palomar
Price
$1,750,000Gross Fee Buy Side
$36,000
641 E PennsylvaniaEscondido, CA
• Exceptional Location Adjacent to PalomarHospital
• Zoning Allows for Broad Range ofProfessional Uses
• Superior Parking
Price per Sq. Ft.: $171
Rentable Sq. Ft.: 10,204
Barbara Kreis(858) 642-2345San Diego, CA
David Carney(858) 642-2360San Diego, CA
Property Highlights• OUTSTANDING SELLER FINANCING!
• Rental Income Helps Offset Cost of Ownership
• Additional Fenced Land Included
• ONLY M-2 Zoned Property Available in Market
Price
$1,350,000Gross Fee Buy Side
$40,500
1330 Simpson WayEscondido, CA
Price per Sq. Ft.: $168
Rentable Sq. Ft.: 8,000
Barbara Kreis(858) 642-2345San Diego, CA
David Carney(858) 642-2360San Diego, CA
Property Highlights• SELLER FINANCING-9% Down-Long Term-
Low Rates
• Great Redevelopment Opportunity fro Mix Use
• Excellent Owner/User Property
• Add Value to Existing Project
Price
$1,350,000Gross Fee Buy Side
$40,500
235-237 W WashingtonEscondido, CA
• Add Value to Existing Project
Year Built: 1980
Price per Sq. Ft.: $175
Rentable Sq. Ft.: 7,700
Down Payment: Attractive Seller Financing
Available
Barbara Kreis(858) 642-2345San Diego, CA
David Carney(858) 642-2360San Diego, CA
Property Highlights• SELLER FINANCING!!
• Excellent Corner Location-Core Retail District
• Upside Opportunity w/ Below Market Rents
• Vacancy Rate Low in Area
Price
$1,225,000Gross Fee Buy Side
$36,750
Vista Strip CenterVista, CA
Price per Sq. Ft.: $255
Rentable Sq. Ft.: 4,800
Major Tenants: Yoga Studio, A Cut AboveBarbara Kreis(858) 642-2345San Diego, CA
David Carney(858) 642-2360San Diego, CA
Property Highlights
• LOW DOWN!!
• SELLER FINANCING!!
• Freestanding Building
• Recently Upgraded
Price
$3,500,000Gross Fee Buy Side
$70,000
2565 Camino Del Rio SMission Valley, CA
• Recently Upgraded
• Freeway Visible
Price per Sq. Ft.: $227
Rentable Sq. Ft.: 15,404
Barbara Kreis(858) 642-2345San Diego, CA
Dottie Surdi(858) 642-2374San Diego, CA
Property Highlights• 3 homes on one ½ acre lot
• Panoramic Ocean Views
• Corporate or healing retreatProperty Photo or Map
Year Built: 1932
Price
$10,000,000Gross Fee Buy Side
$250,000
7365 Remley PlaceLa Jolla, CA 92037
Year Built: 1932
Price per Sq. Ft.: $1761
Rentable Sq. Ft.: 5671
CAP Rate: N/A
Cash on Cash Return: N/A
Down Payment: submit
Financing Terms: Conv.,Cash, OMC
Major Tenants: Corporate or vacation rental
Carol SnyderTeam One Realty619 851-0433San Diego, CA
www.RemleysPlace.com
Property Highlights• Upper-class suburb of Houston
• Class A amenities & features
• 240 units, mix of 1, 2, & 3 BrsProperty Photo or Map
Year Built: 2006
Price
$23,500,000Gross Fee Buy Side
$235,000
Pebble Creek Ranch Apts.Sugar Land, Texas
Year Built: 2006
Price per Sq. Ft.: $93.08
Rentable Sq. Ft.: 252,468
CAP Rate: 6.47%
Cash on Cash Return: 3.87% bt
Down Payment: $5,557,000
Financing Terms: Assumable Freddie
Mac loan @ 6.06%
Fred Caminite, CCIM(619) 687-5000 x. 1164San Diego, CA
Property Highlights• Value Add Opportunity
• Lender REO @ 40% occupancy
• 6.3 parking ratio w/ garageProperty Photo or Map
Year Built: 1966
Price
$10,000,000Gross Fee Buy Side
$100,000
Central Medical OfficeSaint Paul, MN
Year Built: 1966
Price per Sq. Ft.: $98.11
Rentable Sq. Ft.: 101,923
CAP Rate:
Cash on Cash Return:
Down Payment:
Financing Terms: Lender may carry
Fred Caminite, CCIM(619) 687-5000 x. 1164San Diego, CA
Price
$12,500,000Gross Fee Buy Side
$187,500
Clarion Hotel & Convention CenterMidland, Texas
Property Highlights-Clarion Hotel, Full Service, 250 Keys.
-Interior & Exterior Corridors.
-Convention Center on site.
-$2.5+ in Renovations 2005-2008.
-80 Seat Restaurant & Lounge.
Year Built: 1979 & Rehabbed in 2008.
Lot Size: 9.5 Acres.
CAP Rate: 13%, with upside.
Down Payment: $8.2M
Financing Terms: Conduit $4.37M @6.36%
Clarion Flag, can be flagged for $280K.
-80 Seat Restaurant & Lounge.
-Meeting and Ballrooms.
-Indoor Pool, Hot Tub, Mini-Golf Course+.
-#3 Sub-Hospitality Market in U.S.
Chip Bonghi,GRI,ABR(858) 449-7711San Diego, CA.
Investment OfferingContiguous Hotel Pad, Office Pad, Retail Pad
Ellijay, Georgia
10.5 Total Acres
All Utilities And Curbing In – Ready To Go Vertical On All Pads
License Agreement In Place With IHG For 80 Room Holiday Inn Express
Plans And Bids In Place For Construction Of Hotel And 39,000 SF Office Building
Sweeping Views Of Georgia Hill Country
$5,250,000 ($11.50 SF)David Rousseau, CCIM 400 S Sierra Ave, Suite 102858-245-2110 (cell) Solana Beach, CA 92075
3% To Buyers Broker
Investment OfferingCharter School Complex
Surprise, Arizona 2% To Buyers Broker
National Charter School Tenant (51 schools in 11 states – over 25,000 students)
Brand New Construction
47,847 Square Foot Building on 9.8 acres
25 Year Absolute NNN Lease
Annual CPI Increases
7.75% Actual Cap Rate
$12,700,000David Rousseau, CCIM 400 S Sierra Ave, Suite 102858-245-2110 (cell) Solana Beach, CA 92075
Seminole Suites (Tenant-In-Common Investment)
Class-A, Luxury Student Apartment CommunityTallahassee, Florida
Property Highlights
• 264 Units/924 beds
• Served by Florida State University, Florida A&M
University, Tallahassee Community College
• 97.5% Occupied on a per bed basis
Price$43,632,000
Gross Fee Buy Side3% of Client’s Equity
• 97.5% Occupied on a per bed basis
Year Built: 2004
Price per Sq. Ft.: $103.13
Rentable Sq. Ft.: 423,060
CAP Rate: 6.10%
Cash on Cash Return: 8.0% 5-Year Average
Down Payment: LTV 58.90%
Financing Terms: 5 Years
Major Tenants: College Students
Minimum Investment: $500,000
Bill Corwin(949) 559-1343Irvine, CA 92614
Property Highlights• High Visibility- 135 ft frontage
• Ample Parking- Easment
• Upside- Reposition, Redevelop
• Potential 8CAP, 16% COC w/new tenant
Price
$2,000,000Gross Fee Buy Side
$60,000
Hungry Stick4664 Clairemont Mesa Blvd, San Diego
Year Built: 1970
Price per Sq. Ft.: $318
Rentable Sq. Ft.: 6,278
CAP Rate: 7.15%
Cash on Cash Return: 16%
Down Payment: 20-30%
Financing Terms: Market
Major Tenants: Owner Operator
Michael Glickstein, VPSperry Van Ness858-882-0566
Ryan Pekrul858-642-2366San Diego, CA
Michael Glickstein, VPSperry Van Ness858-882-0566
Ryan Pekrul858-642-2366San Diego, CA
Property Highlights• Visibility- 105 ft frontage
• Ample Parking- 26 spaces
• 17,000 sf lot, completely paved
• Restaurant with 3 retail storefronts
• Potential seller financing
Price
$1,100,000Gross Fee Buy Side
$ 33,000
Casa Del Sol8127-8131 Broadway, Lemon Grove CA
• Potential seller financing
Year Renovated: 2005
Price per Sq. Ft.: $273.97
Rentable Sq. Ft.: 4,015
Down Payment: $200,000
Financing Terms: Seller First
Major Tenants: 100% occupied
Michael Glickstein, VPSperry Van Ness858-882-0566
Ryan Pekrul858-642-2366San Diego, CA
Property Highlights• Absolute NNN
• New 20 Year Lease
• Superior Location, ¼ mile from
Wal-Mart
Property Photo or Map
Price
$2,400,000Gross Fee Buy Side
$48,000
Jack in the Box3040 Washburn Way, Klamath Falls, OR
Year Built: 2007
Price per Sq. Ft.: $833.33
Rentable Sq. Ft.: 3,000 SF
CAP Rate: 6.5%
GRM: 14.77
Cash on Cash Return (before taxes) : 5.33%
Down Payment: $1,250,000
Agent Name: Curtis GabhartKeith Courtney
Title: Senior V.P., PrincipalPhone: 619-725-3688Email: [email protected]
Property Highlights• Absolute NNN
• New 20 Year Lease
• Out Parcel to Super Wal-martProperty Photo or Map
Year Built: 2008
Price
$2,200,000Gross Fee Buy Side
$46,000
Arby’s140 NE Terry Lane, Grants Pass, OR
Year Built: 2008
Price per Sq. Ft.: $814.81
Rentable Sq. Ft.: 2,700 SF
CAP Rate: 6.5%
GRM: 14.72
Cash on Cash Return: 5.33%
Down Payment: $1,150,000
Agent Name: Curtis GabhartKeith Courtney
Title: Senior V.P., PrincipalPhone: 619-725-3688Email: [email protected]
Property Highlights• Newest Haunt among Snowboarders
• Completely Renovated in 2005
• 1 mile of Big Bear Village
• Situated on 1.08 acres
Property Photo or Map
Price
$4,300,000Gross Fee Buy Side
$64,500
The Block at Big Bear39471 Big Bear Blvd, Big Bear Lake, CA
Year Built: 1987
Price per Room.: $82,692
Number of Rooms.: 52
CAP Rate: 7%
ADR: $88.62
Down Payment: $1,290,000
Agent Name: Curtis GabhartKeith Courtney
Title: Senior V.P., PrincipalPhone: 619-725-3688Email: [email protected]
Property Highlights• Great Owner User Opportunities
• 2 Parcels, 1 Building/parcel
• Perfect San Diego Bay Views
• 16’ Ceilings
Property Photo or Map
Price
$3,450,000Gross Fee Buy Side
$94,875
536 13th St and 535 Florence StImperial Beach, CA 91932
Year Built: 1972
Building SF: 30,000 SF
Price per SF.: $115
CAP Rate: 4.45%
GRM: 17.2
Cash on Cash Return: 2.9%
Down Payment: $1,700,000
Agent Name: Curtis GabhartKeith Courtney
Title: Senior V.P., PrincipalPhone: 619-725-3688Email: [email protected]
Property Highlights• MOTIVATED SELLER!!!
• Situated on 1.37 acres
• Huge Upside in RentsProperty Photo or Map
Year Built: 1970
Price
$3,775,000Gross Fee Buy Side
$66,063
Royal Apartments1571 E Washington Ave, El Cajon, CA
Year Built: 1970
Number of Units: 48
Price per Unit.: $78,646
Building Sq. Ft.: 19,680
CAP Rate: 6.08%
GRM: 9.3
Cash on Cash Return: 3.37%
Down Payment: $2,675,000
Agent Name: Curtis GabhartKeith Courtney
Title: Senior V.P., PrincipalPhone: 619-725-3688Email: [email protected]
Property Highlights• Large Corner Lot
• Huge Rental Upsides
• Limitless Potential
• Vacation Rentals???
Property Photo or Map
Price
$2,400,000Gross Fee Buy Side
$72,000
369 Orange AveCorando, CA 92118
Year Built: 1945
Number of Units: 8
Price per Unit.: $300,000
CAP Rate: 2.99%
GRM: 19.8
Cash on Cash Return: 4.1%
Down Payment: $2,400,000
Agent Name: Curtis GabhartKeith Courtney
Title: Senior V.P., PrincipalPhone: 619-725-3688Email: [email protected]
Property Highlights• Townhome Style Units
• ALL 2 Bedroom Units
• Pride of Ownership!Property Photo or Map
Year Built: 1980
Price
$1,150,000Gross Fee Buy Side
$28,750
8170 Dodie StreetSan Diego, CA 92114
Year Built: 1980
Number of Units: 7
Price per Unit.: $164,286
Building Sq. Ft.: 5,750 SF
CAP Rate: 6.0%
GRM: 11.8
Cash on Cash Return: 1.9%
Down Payment: $250,000
Agent Name: Curtis GabhartKeith Courtney
Title: Senior V.P., PrincipalPhone: 619-725-3688Email: [email protected]
Property Highlights• 2 Homes on One Lot
• Great Point Loma Location
• Extra Large Rooms
• 3 Bedrooms and 2.5 Baths
• Open Floor Plans
Property Photo or Map
Price
$1,150,000Gross Fee Buy Side
$28,750
3032 & 3034 Fenelon StSan Diego, CA 92106
• Open Floor Plans
• Can be Converted into Condos
• Lots of Natural Lighting
Year Built: 2005
Building SF: 3,396 SF
Lot Size: 5,000 SF
Agent Name: Curtis GabhartKeith Courtney
Title: Senior V.P., PrincipalPhone: 619-725-3688Email: [email protected]
Property Highlights• Multi-use Retail, Medical and Professional
Office Building
• 284,000+ SF Anchored Shopping Centerincludes Mixed-Use Office and Retail Building• Serving the communities of Oceanside, Camp
Price
FOR LEASE
Old Grove Marketplace/ Plaza 76Oceanside, CA
• Serving the communities of Oceanside, CampPendleton Marine Base, Vista, Bonsall, Fallbrook• Site is approximately five miles from I-5 onHighway 76 with great visibility• Abundant parking - 5 spaces per 1,000 USF• Space from 1,009 SF with building signageavailable• Daily traffic approximately 31,000 on Highway76 at Old Grove Road (SANDAG, 2006)
Ed Engle, CPM, CCIMAsset Management Specialists, Inc.Phone: 760-720-2829Email: [email protected]
THANKS TO OUR2008 TITLE SPONSORS:
Property Marketing EXPO – June 26, 2008
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