Centerpoint Business Park

Transcription

1 INVESTMENT PROP ERTY F OR SALE PROPERTY NAME Centerpoint Business Park Lowtree Ave. Lancaster, CA Coldwell Banker Commercial Valley Realty is pleased to present a professionally managed multi-tenant office property located in the prestigious Centerpoint Business Park. The Park is home to many national tenants and located in the heart of Lancaster s commercial and medical district. Nearby amenities include AV Hospital, 14 freeway, major shopping, restaurants, financial institutions and other professional offices! Seffi Toneman BRE # ext. 10 seffi@cbcvalleyrealty.com 1

2 EXECUTIVE SUMMARY LOWTREE AVE. LANCASTER, CA This is a multi-tenant investment opportunity totaling 3,596+/-sf and located in the Centerpoint Business Park which is home to numerous nationally recognized tenants. The professionally managed Park features excellent visibility, signalized entrance, ample parking, multiple monuments and lush mature landscaping. PRICE: List Price: $599,000 ($167/sf) CAP Rate (proforma): 6.86% GSI (actual): $58,440 Expenses (Budget): $20,329 NOI (actual): $41,071 BUILDING DETAILS: Property Type: Office Building Building Size (total): LOCATION: 3,596+/-sf Year Built: 1989 Tenancy: Multiple Parking: Land (total): Reciprocal unreserved 2.15+/- Acres APN: Zoning: Commercial This multi-tenant investment opportunity is located in Lancaster s highly sought after Centerpoint Business Park with great visibility along Ave. J which boasts an ADT of 23,600! This convenient location also offers Freeway access less than 1 mile away with major national tenants in the Park and nearby! 2

3 LOWTREE AVE. INCOME & EXPENSE 3

4 DEMOGRAPHICS For more than 50 years, The Antelope Valley has been on the leading edge of America s newest technologies, with major breakthroughs in aerospace, materials science, energy and the environment. The area is home to businesses that encompass not only world-class engineering and state-of-the-art manufacturing facilities, but remarkable new medical facilities, a strong service sector, and a robust retail marketplace. The region s abundant sunshine has attracted numerous solar field developers including MidAmerican Solar (a Berkshire -Hathaway company) who is creating a 3,200-acre solar farm on the Westside of our valley that will produce enough electricity to power a quarter of a million homes! The City of Lancaster has attracted the Chinese-based BYD, (Innovators in IT, Energy, Electric Vehicles, Solar PV Modules, and LED Lighting) who established their first North American assembly plant here, esolar (an IdeaLab offshoot backed by General Electric and Google), and Morton Manufacturing (producer of quality aerospace fasteners)! DEMOGRAPHICS 2015 Population* 2021 Projected Pop* Average Age* LANCASTER 165, , PALMDALE 168, , Additionally, major companies Average HH Income* $64,090 $72,515 such as Rite-Aid Corporation, Michael s Arts and Crafts and SYGMA Foods have Median Home Price* $154,466 $183,066 developed large warehouse/distribution centers in Lancaster! Our country s aerospace sector has relied on The Antelope Valley s skilled workers to arrive at ingenious solutions to tough challenges, with each of the six TOP EMPLOYERS IN THE AV* space shuttles being built here. The City of Palmdale, is home to Lockheed Martin s Edwards Air Force Base 11,990 famed Skunk Works, Northrop US Navy s China Lake 6,520 Grumman and The Boeing Company. Northrop Grumman was recently awarded Northrop Grumman 4,020 an $80-billion dollar contract to build our nations next generation bomber that could bring over 5,000 jobs to the AV! Palmdale is also proud to be home to Delta Scientific County of Los Angeles Lockheed Martin 3,912 3,000 (A Global Provider of Vehicle Barricade Systems), Japan s AWP (Any Wind Power), Vision Engineering (a pioneer in LED lighting technology), and the prestigious Palmdale Regional Medical Center. 4

5 CONFIDENTIALITY AND DISCLAIMER This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property AS IS CONDI- TION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them. 5