FOR SALE - Dental Facility & Business Practice

Transcription

1 FOR SALE - Dental Facility & Business Practice 2270 E. Colorado Blvd., Pasadena, CA E colorado boulevard COLDWELL BANKER COMMERCIAL ADVISORS 701 North Brand Blvd., Suite 800, Glendale, CA

2 FOR SALE - Dental Facility & Business Practice 2270 East Colorado Boulevard, Pasadena, CA Investment Specialists: John S. Archibald, MCR T: John.Archibald@cbcadvisors.com DRE CA Broker Lic# Guillermo Olaiz T: Guillermo.Olaiz@cbcadvisors.com DRE CA Broker Lic# RJ Przebinda T: rjp@goldleafgroup.com DRE CA Lic#

3 TABLE OF CONTENTS CONFIDENTIALITY AGREEMENT...4 AERIAL VIEW...5 INVESTMENT SUMMARY...6 PARCEL MAP...7 SITE PLAN...8 FLOOR PLANS...9 INTERIOR PHOTOS...10 AERIAL VIEW REGIONAL MAP AMENITIES MAP...15 GOLD LINE MAP...16 DEMOGRAPHICS & TRAFFIC COUNTS...17 CITY OF PASADENA OVERVIEW

4 CONFIDENTIALITY AGREEMENT Coldwell Banker Commercial Advisors (hereinafter CBC Advisors ) has been retained as the exclusive advisor and broker regarding the sale of the Property located at 2270 East Colorado Boulevard, Pasadena, California This Offering has been prepared by CBC Advisors for use by a limited number of parties and does not purport to provide a necessarily complete summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. All projections have been developed by CBC Advisors, the Owner, and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and, therefore, are subject to variation. No representation is made by CBC Advisors or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, CBC Advisors, Owner, and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omission from, this Investment Offering or any other written or oral communication transmitted or made available to the recipient. This Offering does not constitute a representation that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the package. Analysis and verification of the information contained in this package is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective investors. Owner and CBC Advisors each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers regarding the Property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this Offering or making an offer to purchase the Property unless and until a written agreement for the purchase of the Property has been fully executed, delivered, and approved by Owner and its legal counsel, and any conditions to Owner s obligations thereunder have been satisfied or waived. CBC Advisors is not authorized to make any representations or agreements on behalf of Owner. This Offering and the contents, except such information which is a matter of public record or is provided in sources available to the public (such contents as so limited herein are called the Contents ), are of a confidential nature. By accepting the package, you agree (i) to hold and treat it in the strictest confidence, (ii) not to photocopy or duplicate it, (iii) not to disclose the package or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or CBC Advisors, (iv) not use the package or any of the contents in any fashion or manner detrimental to the interest of Owner or CBC Advisors, and (v) to return it to CBC Advisors immediately upon request of CBC Advisors or Owner. If you have no further interest in the Property, please return this Investment Offering forthwith. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT A COLDWELL BANKER COMMERCIAL MARKETING REPRESENTATIVE FOR MORE DETAILS. Investment Advisors: John S. Archibald, MCR T: John.Archibald@cbcadvisors.com Guillermo Olaiz T: Guillermo.Olaiz@cbcadvisors.com RJ Przebinda T: rjp@goldleafgroup.com 4

5 AERIAL VIEW

6 INVESTMENT SUMMARY EXECUTIVE SUMMARY 2270 E Colorado Blvd., Pasadena, CA Prominent, State of the Art Dental Building and Dental Practice FOR SALE. Plumbed for fifteen (15) operators, with eight (8) operators fixturized with Patterson Dental and A-dec Dental equipment, four (4) Orthodontic Bay Chairs with two (2) private office surgical unit rooms. There are two (2) separate Mechanical Rooms, potentially allowing for part of the building to be converted to a medical practice, Urgent Care or other medical office use. Pasadena Dental Studio ( The Practice ) was founded in the year 2000 and relocated 1.5 miles East to the Subject Property in The associate run practice generated nearly $3.1M in Gross Receipts in The patient base is predominantly Hispanic, and many travel from 25 miles and farther. Most of the staff speaks fluent Spanish. This investment offers a major opportunity to develop a marketing strategy to significantly increase dental patient market share from the densely populated trade area, and to expand in additional specialties. Asking Price: Dental Office Dental Practice Total Offering $4,000, $2,250, $6,250,

7 PARCEL MAP ADDRESS & APN BUILDING SF LAND SF ACRES (AC) 2270 EAST COLORADO BLVD., PASADENA, CA ±2,940 SF ±7,505 SF 0.17 AC E Colorado Blvd 2260 EAST COLORADO BLVD., PASADENA, CA ±3,822 SF ±7,501 SF 0.17 AC SUBJECT PROPERTY ±6,762 SF ±15,006 SF 0.34 AC APN: APN: S Roosevelt Ave GRAND OAKS AVE COLORADO BLVD JONES ALLEY 26 N. 89º 55 W ROOSEVELT AVE. 7

8 SITE PLAN ADDRESS & APN BUILDING SF LAND SF ACRES (AC) 2270 EAST COLORADO BLVD., PASADENA, CA ±2,940 SF ±7,505 SF 0.17 AC 2260 EAST COLORADO BLVD., PASADENA, CA ±3,822 SF ±7,501 SF 0.17 AC SUBJECT PROPERTY ±6,762 SF ±15,006 SF 0.34 AC Parking Area ±9,762 SF 18 Parking Spaces 2270 BLDG Building Footprint ±5,244 SF 2 Parcels 2260 BLDG 8

9 FLOOR PLANS 2 PERSON OFFICE RESTROOM 1st Floor 2nd Floor RECORDING STUDIO 2ND COMPRESSOR & VACUUM IT ROOM OPEN ATRIUM RESTROOM EXECUTIVE OFFICE RESTROOM RESTROOM CONFERENCE ROOM CHECK IN RECEPTION AREA ENTRANCE LAUNDRY ROOM BILLING KITCHEN STAFF LOUNGE TREATMENT COORDINATOR OFFICE WAITING AREA CT SCAN PANORAMIC SIRON MECHANICAL ROOM 2 COMPRESSORS WATER FILTER VACUUM CHECK OUT RECEPTION OPEN BAY OPEN BAY OPEN BAY OPEN BAY OPEN BAY CHAIRS CLIENT FILES LAB RESTROOM DOCTOR S OFFICE PRIVATE SURGICAL UNENCLOSED PATIO PRIVATE STERILIZATION SURGICAL SUPPLIES ORTHO BAY 9

10 INTERIOR PHOTOS 10

11 AERIAL VIEW 11

12 AERIAL VIEW DOWNTOWN LOS ANGELES OLD TOWNE PASADENA 2270 E colorado boulevard 12

13 REGIONAL MAP 2270 E colorado boulevard Operated By NRT Incorporated. The information above are from sources we believe to be reliable. We have not verified its accuracy and make no guarantee about it.you and your tax and legal advisors should conduct your own investigation of the property and transaction. 13

14 SURROUNDING RETAILERS Vina Vieja park SUBJECT PROPERTY hamilton elementary school Operated By NRT Incorporated. The information above are from sources we believe to be reliable. We have not verified its accuracy and make no guarantee about it.you and your tax and legal advisors should conduct your own investigation of the property and transaction. 14

15 METRO GOLD LINE MAP Av 54 on Wy 134 HIGHLAND PARK York Bl Av 57 7 Figueroa St Figueroa St Linda Vista Av Arroyo Bl 110 Lincoln Av Orange Grove Bl 210 Fair Oaks Av Fair Oaks Av Los Robles Av Arroyo Pkwy Lake Av Mountain St MONTECITO HIGHLAND PARK Via Marisol d 4 MEMORIAL PARK Holly St SOUTH PASADENA SOUTH PASADENA 5 DEL MAR FILLMORE Raymond Av Mission St Monterey Rd Hill Av Orange Grove Bl Villa St Walnut St PASADENA Colorado Bl Del Mar Bl California Bl Fillmore St LAKE Glenarm St E colorado boulevard Allen Av ALLEN Huntington Dr Sierra Madre Bl Altadena Dr 1 San Gabriel Bl Sierra Madre Villa Av SIERRA MADRE VILLA Madre St LEGEND # Sierra Madre Bl Rosemead Bl Foothill Bl 19 Metro Gold Line Metro Rail Station 210 Michillinda Av Metro Rail Station and Timepoint Point of Interest Freeway GOLD LINE Baldwin Av ARCA Baldwin Av 15 p ARC D

16 DEMOGRAPHICS & TRAFFIC COUNTS 1 Mile 3 Mile 5 Mile Population 2021 Projection 22, , , Estimate 22, , , Census 21, , ,186 Growth % 3.25% 3.13% Growth % 4.56% 3.92% HouseHolds 2021 Projection 9,304 79, , Estimate 9,038 76, , Census 8,791 74, ,748 Growth % 3.15% 3.08% Growth % 3.92% 3.57% 21,293 17, Polulation by Race White 14, , ,297 Black 1,447 12,596 31,056 Am. Indian & Alaskan 197 1,781 4,955 Asian 5,367 54, ,175 Hawaiian & Pacific Island Other 812 6,599 14,314 TRAFFIC COUNTS Street Cross Street Volume CPD E Colorado Blvd S Grand Oaks Ave 21,293 E Colorado Blvd Sierra Madre Blvd 17,861 Population by Hispanic Origin Non-Hispanic Origin 16, , ,163 Hispanic Origin 6,036 52, , Avg Household Income $102,090 $103,752 $97,913 16

17 CITY OF PASADENA OVERVIEW From world class education and recreation alternative to cultural and sporting events, Pasadena offers a multitude of options for work and play. The residential neighborhoods in and around Pasadena are among the most desirable in Los Angeles, and their varied topography offers picturesque hills and canyons. The communities are noted for their well-kept, traditional neighborhoods, which in many areas remain more affordable alternatives to the costal communities. The income concentration in the area s exclusive neighborhoods, including parts of Pasadena, San Marino and La Canada Flintridge, is the highest of any area outside of Beverly Hills/Bel Air. Pasadena is located nine miles northeast of downtown Los Angeles situated in the northwest portion of the San Gabriel Valley and at the base of the San Gabriel Mountains. Covering over 23 square miles and with a population of over 148,000, the city is among the bestplanned and most distinguished municipalities in Los Angeles County. 17

18 CITY OF PASADENA OVERVIEW PASADENA EMPLOYMENT Pasadena is attractive to many Fortune 500 companies and small firms for its ability to create a pro-business environment with a high quality labor base. The city s depth of technology related institutions and world-class universities create an atmosphere where extraordinary minds unite to build successful companies large and small. Often, these companies are spin-offs from the region s larger organizations (Parsons, Jacobs Engineering and Avery Dennison). Since 1998, over 100 start-up companies have been launched from Caltech, JPL and Art Center. The city s top employers are NASA Jet Propulsion Laboratory, with over 5,000 employees; Kaiser Permanente, with over 4,700 employees; and Huntington Hospital, with over 3,300 employees. 18

19 FOR SALE - Dental Facility & Business Practice 2270 East Colorado Boulevard, Pasadena, CA Investment Specialists: John S. Archibald, MCR T: John.Archibald@cbcadvisors.com DRE CA Broker Lic# Guillermo Olaiz T: Guillermo.Olaiz@cbcadvisors.com DRE CA Broker Lic# RJ Przebinda T: rjp@goldleafgroup.com DRE CA Lic#