OFFERING MEMORANDUM - $1,200,000 SUBJECT PROPERTY TRANSIT ORIENTED DEVELOPMENT SITE PRIME BALDWIN PARK LOCATION 14519 CENTRAL AVE, BALDWIN PARK, CA 91706
This Memorandum ( Offering Memorandum ) has been prepared by Hudson Partners, Inc and BRC Advisors, Inc based on information that was furnished to us by sources we deem to be reliable No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Hudson Partners, Inc and BRC Advisors, Inc, and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property This Memorandum 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, therefore, are subject to material variation This Memorandum 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 this Memorandum This Memorandum is being delivered by Hudson Partners Inc and BRC Advisors, Inc, to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers Hudson Partners, Inc and BRC Advisors, Inc, reserves the right to request the return of any or all of the information enclosed
19588 19588 OFFERING SUMMARY DESCRIPTION PRICE: OWNERSHIP: LOT SIZE: PRICE/SF ON LAND: SPECIFICATION $1,200,000 Fee Simple 19,758 sf $6073/sf 10088 ZONING: BPI* DIMENSIONS: 10088 x19588 FRONTAGE: 10088 on Central Ave FAR: TBD HEIGHT LIMIT: 50 Feet CURRENT USE: Auto Shop / SFR HIGHEST & BEST USE: Affordable Housing HIGHWAY ACCESS: APN: 10 & 605 Freeways 8554-002-007 10088
METROLINK TRANSIT STATION PARKING: 420 spaces (total from 3 available parking lots) 14 handicapped spaces Electric Vehicle Charging Stations available Paid reserved parking lot $10 per month for residents, $30 per month for non-residents, $3 daily use Buy daily use tickets at West kiosk No parking midnight to 4 am More parking at Metrolink Park and Ride Lot at 14730 Ramona Blvd and the 4th and 5th floors of the new Transit Center Parking Structure Elevator hours are from 4am to 10pm to access the 4th and 5th floors of the new Transit Center Parking Structure CONNECTING TRANSIT: Metro Buses Foothill Transit City of Baldwin Park Shuttle City of West Covina "Go West" Shuttle (fare required) DAYS OF OPERATION: Monday - Friday Service available at all stations San Clemente Pier Train operates on Saturdays and Sundays only Saturday and Sunday Service available on Antelope Valley, Inland Empire-Orange County, Orange County, 91 and San Bernardino lines ROUTES:
EXECUTIVE OVERVIEW PROPERTY OVERVIEW BRC Advisors and Hudson Partners are pleased to present an affordable project development opportunity in Baldwin Park This site is 308 feet away from the Metro Link Station (San Bernardino Red Line), along with walking distance to Central Elementary School, Baldwin Park High School, City Hall, Police Station, and the highly popular Morgan Park The subject parcel offers 19,758 square feet of land which is currently zoned BPI* and the dimensions are 101 X 196 feet The zoning requires a variance to provide further aggressive density, but the City will support such a project if a developer incorporates a generous amount of low income housing due to its proximity the Metro Link Station This area has been a focus of revitalization and now is surrounded by numerous National Credit Tenants, just to north of the subject property which include: Domino s Pizza, El Polo Loco, Chase Bank Waba Grill, Bank of America, Verzion, CVS, Family Dollar, Superior Grocers, and Little Caesars Pizza, all conveniently located within walking distance PROPERTY HIGHLIGHTS Excellent Affordable Income Project Opportunity Favorable Lot Dimensions: 101 X 196 Adjacent to San Bernardino Line Metro Link Station Walking Distance From Numerous National Credit Tenants Next to City Hall, Police Station, BP High School, & Elementary School CENTRAL AVE SUBJECT SITE
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PROPERTY PHOTOS SUBJECT PROPERTY CENTRAL AVE BRC A D VI S O R S & H U D SO N PARTN ERS, I N C DO WN ING AV E
DEMOGRAPHICS TRAFFIC COUNTS AVERAGE AGE AVERAGE HOUSEHOLD INCOME POPULATION 22,900 35 $63,173 Ramona Blvd & Maine Ave 1 mile radius 1 mile radius 564,943 5 mile radius Source: wwwcostarcom
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AERIAL SATELLITE MAP WITH LOCATION HIGHLIGHTS S A N T A BEACH MONICA LONG RAMONA BLVD MAI NE A VE SUBJECT PROPERTY DO N WI V GA E CE NT RA LA VE LOCATION HIGHLIGHTS: PA CFI IC A The subject property is situated between the 210 and 10 Freeways, just east of the 605 Freeway and north West Covina The demographics are working class, but has good density and a strong demand for low income housing due to proximity to the Metro Link Station The major cross streets are Ramona Blvd and Maine Avenue VE B R C ADV I S OR S & HUDS ON P AR T N E R S, I N C
ELIZABETH CLARK SENIOR VICE PRESIDENT Beverly Hills Office 9301 Wilshire Blvd, Suite 206 Beverly Hills, CA 90210 3105253702 Office 3107407283 Cell 3104214184 Fax eclark@brcadvisorscom Cal BRE: 01811246 JAY MARTINEZ MANAGING PRINCIPAL Studio City Office 11846 Ventura Blvd, Suite 140 Studio City, CA 91604 8186991603 Office 3106583375 Cell 8186888140 Fax jay@hudsonpartnersinccom Cal BRE: 01367663 This information has been secured from sources we believe to reliable, however we make no representation or warranties or implied, as to the accuracy of the information References to square footage or age are approximate Buyer must verify the information and bears all risk for any inaccuracies