MVP - LoopNet...MVP, for itself and its affiliates of the Property, expressly disclaim any and all liability for statements or representations, express or implied, contained herein

MVPJonathan Prakash

Executive Managing Director, Partner

310.301.2351 | [email protected]

DRE: #01483131In Association with KW Commercial

Derrick VartanianExecutive Managing Director, Partner

310.301.2353 | [email protected]

DRE: #01816119

1811 E Center St, Anaheim CA 92805

Offering Price: $1,450,000

CalDRE 02004120

EXCLUSIVE BANKRUPTCY OPPORTUNITY - COMMERCIAL BUILDING 1811eCenterSt.com

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EXECUTIVE SUMMARY

SUMMARY OF TERMS

THE OFFERING

MARKET OVERVIEW

CITY OF ANAHEIM

GEOGRAPHY

DEMOGRAPHICS

MAJOR EMPLOYERS

TABLE OF CONTENTS

OFFERING MEMORANDUM


In Association with KW Commercial


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State C

ollege Blvd

1811 E Center StAnaheim, CA 92805


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1811 E Center St, Anaheim CA 92805 8

1. Bankruptcy Court Sale Subject to Court Overbid and Approval

Process

2. All Offers are Subject to an Overbid Process

3. Bankruptcy Court Case # 2:19-bk-14146-BB

4. Property is being Sold “AS-IS, WHERE-IS” without

Representation or Warranties

EXECUTIVE SUMMARY

SUMMARY OF TERMS

1811 E Center St, Anaheim CA 92805APN: 035-281-45

Price $1,450,000

Number of Stories 2

Year Built 1979

Building Size 6,888 SF

Lot Size 15,924 SF

Zoning O-L

Parking Spaces 22

Price per Square Foot $210.51

Frontage Approximate ≈ 110 Feet

PARCEL MAP

The property is located in the city of Anaheim just south of La

Palma Avenue and west of S State College Boulevard and is

conveniently located in between the 91, 57, and 5 Freeways. The

investment is located in close proximity to Disneyland/California

Adventure Park, Downtown Disney, Anaheim Stadium, and the

Honda Center.

**Please do not set foot on the property. Call Listing Agents for showing instructions

or to set up an appointment**

BANKRUPTCY INFORMATION

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EXECUTIVE SUMMARY

THE OFFERINGSUBJECT PROPERTY :1811 E Center St, Anaheim CA 92805

The Bankruptcy Division of MVP Commercial Investment Real Estate

of KW Commercial is pleased to present a Beautifully Remodeled

Commercial Building located in a Designated Qualified

Opportunity Zone in the city of Anaheim. The building was

being used as office space until recently and will be delivered

vacant to a new Owner at the Close of Escrow. The property

was built in 1979 and remodeled approximately 5 years ago with

new interior renovations along with new HVAC systems. The 2

story building is approximately 6,888 square feet (Buyer to Verify)

and is situated on a 15,924 square foot lot zoned O-L.

This investment opportunity contains multiple office suites of

different square footages which can be rented immediately and

also contains a large conference room, a kitchen, and two

restrooms on each floor. Further, the property contains a Cell

Tower and Equipment Room which is currently leased at $2,450

per month. The property has ample parking with gated entry.

This asset permits for a variety of options including but not limited

to: office investment, owner-user opportunity, potential for a

build out of an office with a different use code (i.e. Medical/

Dental) as well as a variety of development options due to its

O-L zoning and it being situated in a Designated Qualified

Opportunity Zone (Buyer to Verify).

INVESTMENT & LOCATION HIGHLIGHTS

• Beautifully Remodeled Commercial Building Located in

Opportunity Zone

• 6,888 Square Feet | 15,924 SF Lot Zoned O-L

• Delivered Vacant at Close of Escrow | Great Owner-User

Opportunity

• Ample Parking with Gated Entry

• On-Site Cell Tower and Equipment Room Income

• Beautiful Anaheim Location within Minutes from Disneyland

Park/California Adventure, Downtown Disney, and Angels

Stadium of Anaheim


LOCATION OVERVIEW

Anaheim is a city in Orange County, California. As of the 2010

United States Census, the city had a population of 336,265, making it

the most populous city in Orange County and the 10th-most populous

city in California. Anaheim is the second-largest city in Orange

County in terms of land area, and is known for being the home of

the Disneyland Resort, the Anaheim Convention Center, and two

major sports teams: the Anaheim Ducks ice hockey club and the

Los Angeles Angels baseball team.

Source: https://en.wikipedia.org/wiki/Anaheim,_California

CITY OF ANAHEIM

Location Highlights

• As of the 2010 United States Census, the city had a population

of 336,265, making it the most populous city in Orange County

and the 10th-most populous city in California.

• Disneyland Resort, with two theme parks, multiple hotels, and

retail district; Disney is part of the larger Anaheim Resort district

with numerous other hotels and retail complexes. The Platinum

Triangle, a neo-urban redevelopment district surrounding

Angel Stadium, which is planned to be populated with mixed-

use streets and high-rises.

• Anaheim’s income is based on a tourism economy. In addition to

The Walt Disney Company being the city’s largest employer, the

Disneyland Resort itself contributes about $4.7 billion annually

to Southern California’s economy. It also produces $255 million

in taxes every year.

• The Platinum Triangle, a neo-urban redevelopment district

surrounding Angel Stadium, which is planned to be populated

with mixed-use streets and high-rises.

• Further east, Anaheim Canyon is an industrial district north of

the Riverside Freeway and east of the Orange Freeway. The city’s

eastern third consists of Anaheim Hills, an affluent community

built to a master plan, and open land east of the 241 tollway.

• The Anaheim Canyon business park makes up 63% of Anaheim’s

industrial space and is the largest industrial district in Orange

County. Anaheim Canyon is also home to the second-largest

business park in Orange County. Anaheim Canyon houses 2,600

businesses, which employ over 55,000 workers.

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LOCATION OVERVIEW

GEOGRAPHYAnaheim is located approximately 27 miles south of downtown Los

Angeles, 31 miles southeast of the Los Angeles International

Airport, and 13 miles from the Pacific coast. The Santa Ana Mountains

lie to Anaheim’s east. Industrial and commercial areas along with

a majority of the residential sections are relatively flat. The newer

residential areas are in rolling terrain in the foothills of the Santa

Ana Mountains.

City of Anaheim: 50.93 square miles

County of Orange: 948 square miles

Source: https://en.wikipedia.org


DEMOGRAPHICS

City of Anaheim: 359,339

County of Los Angeles: 3.01 Million

POPULATION

Source: http://www.anaheim.net/DocumentCenter/View/13910/Anaheim-Demo-

graphic-Profile?bidId= & https://en.wikipedia.org

Hispanic or Latino (of any race) 53.8%

Non-Hispanic Whites: 25.2%

Asian/Pacific Islander: 16.3%

African-American: 2.2%

American Indian/Others: .1%

Source: http://www.anaheim.net/DocumentCenter/View/13910/Anaheim-Demo-

graphic-Profile?bidId=

ETHNICITY

Average household income: $88,459

Median household income: $70,395

Average family income: $93,834

Median family income: $72,477

Average per capita income: $26,538

INCOME

Anaheim is a modern, diverse city with a proud history dating

back to its 1857 founding. Anaheim is known worldwide as

the home of the Disneyland Resort, including Walt Disney’s

or iginal Disneyland Park , as wel l as Angel Stadium of

Anaheim and Angels Baseball, Honda Center and the Anaheim

Ducks, and the Anaheim Convention Center, the largest on

the West Coast.

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MAJOR EMPLOYERS

Disneyland Resort 30,000

Northgate Gonzalez Markets 6,700

City of Anaheim 3,145

Kaiser Permanente 2,200

Atlanta Hill Restaurant Corporation 2,000

Anaheim Regional Medical Center 1,800

Makar Anaheim, LLC (Hilton Anaheim) 1,800

L-3 Communications 1,800

Advantage-Crown Sales & Marketing LLC 1,700

Angels Baseball 1,500

Source: http://www.anaheim.net/DocumentCenter/View/13910/Anaheim-De-mographic-Profile?bidId=

TOP 10 EMPLOYERS IN ANAHEIM


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This Confidential Memorandum has been prepared by MVP Commercial Investment Real Estate (“MVP”) and is being furnished to you solely for the purpose of your review of the commercial property located at 1811 E Center St, Anaheim CA 92805. The material contained in this Offering Memorandum shall be used for the purposes of evaluating the Property for acquisition and shall not be used for any purpose or made available to any other person without the express written consent of MVP Commercial Investment Real Estate and KW Commercial (“Broker”).

By accepting the Confidential Memorandum, you acknowledge and agree that: (1) all of the information contained herein and any other information you will be receiving in connection with this transaction, whether oral, written or in any other form (collectively, the “Materials”), is confidential; (2) you will not reproduce the Confidential Memorandum in whole or in part; (3) if you do not wish to pursue this matter, you will return this Confidential Memorandum to MVP as soon as practicable together with all other materials relating to the Property which you may have received from MVP; and (4) any proposed actions by you which are inconsistent in any manner with the foregoing agreements will require the prior written consent of MVP.

This Confidential Memorandum has been prepared by MVP, based upon certain information pertaining to the Property and any information obtained from MVP to assist interested parties in making their own evaluation of the Property is offered on a no representation or warranty provision other than customary warranties of title and is sold on an “as-is, where-is” basis and with all faults. The material and transaction does not purport to be all inclusive. This Confidential Memorandum contains descriptive materials, financial information and other data compiled for the convenience of parties interested in the Property. The Materials are being delivered by MVP to prospective investors with the understanding that it is not all inclusive and that it is qualified in its entirety by independent investigation by prospective investors of those matters which they deem appropriate in evaluating this offering without reliance upon MVP, the Broker or any of their respective affiliates or any of the information set out in the Materials. Neither MVP or KW Commercial, the Broker, nor any of their respective affiliates have independently verified any of the information contained herein or in any of the Materials, and no representations or warranties as to the accuracy or completeness thereof or of any other kind whatsoever are made or intended and none should be inferred.

MVP, for itself and its affiliates of the Property, expressly disclaim any and all liability for statements or representations, express or implied, contained herein or for omissions from the Materials or for any other written, oral or other format of communication transmitted to a prospective investor in the course of its evaluation of the proposed transaction. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. The terms and conditions described herein are subject to change without notice.

This Confidential Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitation of interest with respect to the investment described herein. The Confidential Memorandum does not constitute an offer of security. The investment described herein may be financed or withdrawn from the market, without prior notice. By accepting this Confidential Memorandum, you agree to release MVP and hold it harmless from any kind of claim, expense, or liability arising out of your discovery or purchase of the Property. MVP reserves the right to request the return of the Materials at any time. Ownership of the Property reserves the right to negotiate with one or more prospective investors at any time.

CONFIDENTIAL DISCLAIMER

www.mvpcre.com

In Association with KW Commercial

Derrick VartanianExecutive Managing Director, Partner310.301.2353 | [email protected]: #01816119

Jonathan PrakashExecutive Managing Director, Partner310.301.2351 | [email protected]: #01483131

CalDRE 02004120

MVP - LoopNet...MVP, for itself and its affiliates of the Property, expressly disclaim any and all liability for statements or representations, express or implied, contained herein

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