Elsworth Plaza ALESSANDRO BLVD, MORENO VALLEY, CA ALESSANDRO BLVD, MORENO VALLEY, CA 92553

Transcription

1 The information contained herein has been obtained from sources we The deem information reliable. We contained cannot herein assume has responsibility been obtained for its from accuracy sources we deem reliable. We cannot assume responsibility for its accuracy 1

2 NICK EARLE Associate License # NICK CORBELL Associate License # TABLE OF CONTENTS Offering Summary... 3 Investment Highlights... 4 Site Plan... 5 Area Overview... 6 Location... 7 Photos... 8 AREA OVERVIEW City Overview Surrounding Tenants Regional Area The information The information contained herein contained has been herein obtained has been from obtained sources from we deem sources reliable. we deem We reliable. cannot assume We cannot responsibility assume responsibility for its accuracy for its accuracy 2

3 OFFERING SUMMARY PRICE: CURRENT NET OPERATING INCOME (NOI): CAPITALIZATION RATE: NEAREST INTERSECTION: $5,950,000 ($ PSF) $308, % Argus Run Available Upon Request Alessandro Blvd. & Elsworth PARCEL NUMBER (S): METRO MARKET: Moreno Valley, CA PROPERTY TYPE: BUILDING SIZE(S): Commercial Alessandro - 7,480 SF Alessandro - 9,068 SF YEAR BUILT: 2008 NUMBER OF STORIES: 1 CONSTRUCTION TYPE: PROPERTY POSITION: PROPERTY ZONING CLASS: ZONING MUNICIPALITY: TRAFFIC COUNTS: DISTANCE FROM HWYS/FWYS: TENANCY: Wood Frame Corner, Signalized Intersection Commercial-CC Moreno Valley 42,000 CPD 0.9 miles to Interstate 215 & 1.5 miles to Highway 60 See attached OCCUPANCY: 100% SIGNAGE: 2 Monument Signs PARKING RATIO: FINANCING: Ratio of 4.00/1,000 SF All Cash or Cash to New Financing (Contact Lee & Associates for Further Details) 3

4 INVESTMENT HIGHLIGHTS PROPERTY SUMMARY: This property consists of a single-story strip center and a standalone building with square footage totaling approximately 16,548 SF. The property features great exposure as well as building signage and high traffic counts. LOCATION: Alessandro Blvd, Moreno Valley, CA Riverside County SWC of Alessandro Blvd. & Elsworth St. PROPERTY HIGHLIGHTS: Newer Construction Easy Access to Two Major Freeways One Of CA Fastest Growing Cities, 5.76% Annual Growth Rate 2nd Largest City in Riverside County Strong, Highly Visible Corner with Excellent Signage and a 4-Way Signalized Intersection and an Average of 35,000 Cars Per Day Close Proximity to Numerous National and Regional Major Retailers Including Costco, Walmart, Taco Bell, Target, and Marshalls Features More than 255,000 People Residing within a 5 Mile Radius - Population Increased 73% since 2000 Close and Convenient Parking Diverse Population 4

5 SITE PLAN 5

6 ALESSANDRO BLVD ELSWORTH ST AREA OVERVIEW 6

7 LOCATION AERIAL 7

8 8

9 9

10 10

11 MORENO VALLEY CITY OVERVIEW Moreno Valley is a city located in Riverside County, California and is part of the San Bernardino- Riverside Metropolitan Area. A relatively young city, its rapid growth from the 1980s to the early 2000s made it the second-largest city in Riverside County by population, and one of the Inland Empire s population centers. As of the 2010 census, the city s population was 193,365. The city is closely tied to Riverside, California, the county seat and largest city in the county, which neighbors Moreno Valley directly to the west. Moreno Valley is also part of the Greater Los Angeles area. On the east end of the city off Moreno Beach Drive, a new Wal-Mart was opened in early 2006 (233,000 sq ft (21,600 m2) next to the Moreno Valley Auto Mall. This is also the site of the first Super Target in California and the first Best Buy store located within Moreno Valley city limits, which opened in July and October 2007, respectively. The exit off state route 60 is the main way to the Moreno Valley Ranch Golf Course, once included in Golf Magazine s Top 75 Golf Courses in the USA. March Air Reserve is the home to the Air Force Reserve Command s 4th Air Force (4 AF) Headquarters and the host 452d Air Mobility Wing (452 AMW), the largest air mobility wing of the 4th Air Force.[2] In addition to multiple units of the Air Force Reserve Command supporting Air Mobility Command, Air Combat Command and Pacific Air Forces, March ARB is also home to units from the Army Reserve, Navy Reserve, Marine Corps Reserve, California Air National Guard and the California Army National Guard. For almost 50 years, March AFB was a Strategic Air Command base during the Cold War. The base has a ball park facility, where the semi-pro baseball Inland Empire (now Rancho Belago) Rockets of the Southern California League play in the summer months season. AREA OVERVIEW 11

12 12125 Day Street, Suites W & L, Moreno Valley, CA SURROUNDING TENANTS Towngate Shopping Center Town Gate Crossings N Moreno Valley Mall Canyon Springs Marketplace Moreno Valley Plaza Valley Gateway Plaza TownGate Promenade ALEXEY ZABOLOTSKIKH CRAIG YOCUM alex@lee-associates.com License ID# cyocum@lee-associates.com License ID# AREA OVERVIEW The information contained herein has been obtained from sources we deem reliable. We cannot assume for its accuracy No warranty or representation has beenresponsibility made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 12

13 REGIONAL AERIAL AREA OVERVIEW 13

14 CONFIDENTIALITY DISCLAIMER The information contained herein does not purport to provide a complete or fully accurate 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 buyers may need or desire. All financial projections are based on assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and Broker and, therefore, are subject to material variation. This Marketing Package does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the information herein. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective buyers. Neither Owner nor Broker nor any of their respective officers, Agents or principals has made or will make any representations or warranties, express or implied, as to the accuracy or completeness of this Marketing Package or any of its contents, and no legal commitment or obligation shall arise by reason of the Marketing Package or its contents. Analysis and verification of the information contained in the Marketing Package is solely the responsibility of the prospective buyer, with the Property to be sold on an as is, where-is basis without any representations as to the physical, financial or environmental condition of the Property. Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with any entity at any time with or without notice. Owner has no legal commitment or obligations to any entity reviewing this Marketing Package or making an offer to purchase the Property unless and until such sale of the Property is approved by Owner in its sole discretion, a written agreement for purchase of the Property has been fully delivered, and approved by Owner, its legal counsel and any conditions to the Owners obligations thereunder have been satisfied or waived. This Marketing Package and its 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 called the Contents ), are of a confidential nature. By accepting this Marketing Package, you unconditionally agree that you will hold and treat the Marketing Package and the Contents in the strictest confidence, that you will not photocopy or duplicate the Marketing Package or any part thereof, that you will not disclose the Marketing Package or any of the Contents to any other entity (except in the case of a principal, who shall be permitted to disclose to your employees, contractors, investors and outside advisors retained by you, or to third-party institutional lenders for financing sought by if necessary, in your opinion, to assist in your determination of whether or not to make a proposal) without the prior authorization of the Owner or Broker, and that will not use the Marketing Package or any of the Contents in any fashion or manner detrimental to the interest of the Owner or Broker. The information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy. 14

15 NOTES 1. All lease provisions to be independently verified by Buyer during Due Diligence Period 2. Please request ARUGUS Model for information on pricing assumptions Hancock Ave, Suite 100 Murrieta, CA Corp. ID # Scan this QR Code for more info NICK EARLE Associate nearle@lee-associates.com License # NICK CORBELL Associate ncorbell@lee-associates.com License #