MAJOR PRICE REDUCTION

Transcription

1 Fully Entitled Commercial Development Site 2.85 Acres Commercial Land NEW PRICE: $1,250,000 $990,000 Commercial Development Site MAJOR PRICE REDUCTION The Development Brokers Ventura Blvd. #606 Studio City, CA Phone Fax

2 This brochure has been prepared to provide summary, unverified information to interested parties, and to establish only a preliminary level of interest in the subject development opportunity. The information contained in this brochure have been obtained from sources we believe to be reliable; however, Evanisko Realty & Investment, Inc. has not verified, and will not verify, any of the information contained herein, nor has Evanisko Realty & Investment, Inc. conducted any investigation regarding theses matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All interested parties must take appropriate measures to verify all of the information set forth herein. Please contact Evanisko Realty & Investment, Inc. for additional information/guidance pertaining to this opportunity. (818) Disclosure

3 Page 4: Site Photos Page 5: Project Summary Page 6: Surrounding Populations on Competing Sites Page 7: Site Plan With Building and Parking Summary Page 8: Elevations Page 9: Site Location Page 10: Parcel Map Page 11: Transaction Details Page 12: Broker Information Table of Contents

4 2.85 Acres Site Photos 4

5 Located along one of the area s major arterials with freeway exposure and over 700 feet of street frontage, the property will afford an investor/developer the opportunity to acquire a well positioned entitled neighborhood commercial development site under $12/FT. The raw unentitled site was acquired by its current owner in 2005 for approximately $3,300,000 ($26.55/FT). Immediate surrounding population density justifies a commercial development of this size. Site Address: [SWC Soledad Canyon Rd. & Lost Canyon Rd.] APN: ,012 Thomas Guide: 4552-A2 Zoning: CO Commercial Office Earthquake Fault Zone: Not located in an Alquist-Priolo Zone Land Area: 2.85 Acres (Net) Vacant Land (124,271 Sq. Ft.) Project Summary Commercial Development Site Proposed Building Area: 26,754 Gross (8,250 SF Restaurant + 18,504 SF Retail) Price: $1,430,000 ($11.51/FT) $1,250,000 ($10.06/FT) $990,000 ($7.97/FT) Due Diligence Disk Contains: CONTACT BROKER FOR COPY OF DISK Phase 1 Soils Report ALTA Survey Estimated School Fees Full Set of Approved Plans ESRI Demographics Report Site Appraisal dated 2/1/2010 Planning Approval Letter dated 4/2/2008 Planning Approval Extension Letter until 10/31/2010 5

6 Distance Between Sites 3.2 Miles [SUBJECT PROPERTY] Canyon Gateway Development Site Proposed Development: 26,54 SF Status: Site FOR SALE Population ½ Mile: 1,877 Population 1 Mile: 13,060 Population 1.5 Mile: 19,956 [COMPETING SITE] Soledad Commons Development Site Proposed Development: 75,000 SF Status: Future Space FOR LEASE $3-$3.25/FT Population ½ Mile: 1,499 Population 1 Mile: 4,470 Population 1.5 Mile: 9,455 Surrounding Populations On Competing Sites * 2000 Census Data 6

7 Site Plan With Building and Parking Summary 7

8 Elevations 8

9 Site Location 9

10 Parcel Map 10

11 Property: The subject property consists of two adjacent vacant APN s with entitlements for a neighborhood commercial center. Please contact broker for instructions on how to access plans, reports, and entitlement documentation. APN: , 012 Thomas Guide: 4552 B3 Landowner: Soledad Canyon Partners, LLC Deal Structure: Standard ALL CASH transaction. Seller will allow 21 days for buyer to conduct due diligence. 3% deposit to become non-refundable upon expiration of due diligence period. Escrow closing date TBD. Commission: 2% will be offered to cooperating broker (if any) SUBMIT ALL PROPOSALS/IQUIRIES TO: Evanisko Realty & Investment, Inc. FAX: FRANK@EVANISKOREALTY.COM ALL PROPOSALS WILL BE REVIEWED BY LANDOWNER AS RECEIVED For additional information/guidance on this and other development opportunities contact: Evanisko Realty & Investment, Inc. (818) frank@evaniskorealty.com Transaction Details Ventura Blvd. #606 Studio City, CA Phone Fax 11

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