193,000 CPD UC-IRVINE JOHN WAYNE AIRPORT 405€¦ · companies including Ingram Micro (#69) and...
Transcript of 193,000 CPD UC-IRVINE JOHN WAYNE AIRPORT 405€¦ · companies including Ingram Micro (#69) and...
1440 SOUTH BROADWAY, SANTA ANA, CALIFORNIA 1
O F F E R I N G M E M O R A N D U M
CENTRAL SANTA ANA RETAIL DEVELOPMENT OPPORTUNITYFOR SALE OR LEASE
1440 SOUTH BROADWAY, SANTA ANA, CALIFORNIA
SUBJECT PROPERTY
55,000 CPD 41,000 CPD
68,000 CPD
353,000 CPD
193,000 CPD
295,000 CPD
299,000 CPD
W. EDINGER AVENUE
W. ED
ING
ER AVE
S. BRISTOL STREET
S. B
ROA
DWAY
S. M
AIN
STR
EET
405
405
CALIFORNIA
55
CALIFORNIA
73
IRVINE BUSINESS COMPLEX
JOHN WAYNE AIRPORTUC-IRVINE
MATER DEI HIGH SCHOOL
SOUTH COAST PLAZA
SANTA ANA DEMOGRAPHICS1-Mile
Average HH Income$65,300
TOTAL POPULATION61,434
Average Household Size5.59
3-Mile
Average HH Income$70,224
TOTAL POPULATION321,747
Average Household Size4.29
2
EXCLUSIVELY L ISTED BYJONATHAN SELZNICKSenior Vice President - [email protected] | 949-734-0243CA License: 01323949
JEFF HAUBERVice [email protected] | 949-899-8701CA License: 01885108
T A B L E O F C O N T E N T S
OFFERING SUMMARY 3
INVESTMENT HIGHLIGHTS 3
SITE PLANS 4
AERIAL 5
SANTA ANA OVERVIEW 6
ORANGE COUNTY OVERVIEW 7
DISCLAIMER 8
SUBJECT PROPERTY
1440 SOUTH BROADWAY, SANTA ANA, CALIFORNIA 3
O F F E R I N G S U M M A R Y
PROPERTY INFORMATION
Address: 1440 South BroadwaySanta Ana, CA 92707
APN: 013-172-30
GLA (Current Improvements): 1,038 Sq. Ft.
Parcel Size: 14,500 Sq. Ft.
Specific Plan Designation: General Commercial
Traffic Counts:
- West Edinger Avenue & South Broadway: 40,000 CPD- West Edinger Avenue & South Main: 55,000 CPD- West Edinger Avenue & South Flower: 41,000 CPD- West Edinger Avenue & South Bristol: 68,000 CPD
FINANCIAL INFORMATION
Asking Price (“Sale”):
Asking Lease Rate:
$1,500,000
Or
$5,500 Gross per Month
Central Santa Ana, Central Orange County Location
Signalized, Hard-Corner Location on Major Thoroughfare
Dense, Infill and Working Class Demographics
1-mile 3-mile- Total Population: 61,434 321,747- Average HHI: $65,300 $70,224- Total Households: 10,971 73,944- Average HH Size: 5.59 4.29
Excellent Ingress/Egress from both Edinger and Broadway
Ability to Develop Brand New Retail/Office Building of Approximately 3,300 Sq. Ft., or Utilize Existing Improvements
Santa Ana is the 4th Most Densely Populated City in the US Behind New York, San Francisco, & Boston (Source: Wikipedia.com)
Specific Plan Designation – GC (General Commercial) allows for a wide variety of uses
I N V E S T M E N T H I G H L I G H T S
DOWNTOWN SANTA ANA 4TH STREET
1440 SOUTH BROADWAY, SANTA ANA, CALIFORNIA 4
WEST EDINGER
SOU
TH B
ROA
DWAY
S I T E P L A N S
C U R R E N T S I T E P L A N
- Commercial general plan designation allows for a wide variety of retail, services, and office uses -- Please contact broker for specific City planning and public works development guidelines -
R E D E V E L O P M E N T S I T E P L A N A L T E R N A T I V E S
1440 SOUTH BROADWAY, SANTA ANA, CALIFORNIA 5
A E R I A L
IRVINE BUSINESS COMPLEX
JOHN WAYNE AIRPORT
UC-IRVINE
MATER DEI HIGH SCHOOL
SOUTH COAST PLAZA
405
405
CALIFORNIA
55
CALIFORNIA
73
55,000 CPD 41,000 CPD 68,000 CPD
353,000 CPD
193,000 CPD
295,000 CPD
299,000 CPD
W. EDINGER AVENUE
W. ED
ING
ER AVEN
UE
S. BRISTOL STREET
S. B
ROA
DWAY
S. M
AIN
STR
EET
SUBJECT PROPERTY
N
S
E W
SANTA ANA DEMOGRAPHICSAverage HH Income
TOTAL POPULATION
Average Household Size
1-Mile
$65,300
61,434
5.59
3-Mile
$70,224
321,747
4.29
1440 SOUTH BROADWAY, SANTA ANA, CALIFORNIA 6
SANTA ANA is located in central Orange County about 30 miles southeast of Los Angeles. Santa Ana’s central location and easy access to freeways makes it a great spot from which to see Southern California attractions including Disneyland, Hollywood, Universal Studios, Knott’s Berry Farm, Orange County Performing Arts Center, and the Honda Center in Anaheim. Santa Ana is the County Seat and second largest city in Orange County, and eleventh largest in California. The city is also known as the financial and governmental center of Orange County.
Major retail in Santa Ana includes Westfield MainPlace formally known as Main Place Mall, an upscale shopping mall built on 1.1 million square feet, located on the far north side of Santa Ana at the Interchange known as the “Orange Crush” (where the California 22 meets the I5 and the 57 freeway). Mainplace Mall opened its doors in 1987; the mall now has 175 stores and services today. In 2014 Westfield Corporation (the owner) announced a $50 million renovation plan for the mall.
Santa Ana was the recipient of California’s largest commercial loan program, which contributed to redevelopment of the historic downtown district. Parts of the project were ten new banking and financial buildings and the Civic Center, which houses city, county, state, and federal government buildings. Several Fortune 500 companies, including Textron’s Cherry Division, ITT Cannon, and Xerox, are located in Santa Ana. Downtown Santa Ana boasts a 36-block area of houses and commercial buildings that were added to the National Register of historic places in 1984.
Downtown is home to about 100 buildings that were constructed between the 1870’s and the 1940’s. Santa Ana is building on the historic downtown element to create the bustling artist village. Starting in the early 1990’s, the city began to embrace the arts as a way to revive downtown. Another addition to the downtown area was the Long-awaited 10-story, $123 million Ronald Reagan Federal Building and U.S. Courthouse that has become Santa Ana’s latest “jewel.”
L O C A T I O N O V E R V I E W
MAINPLACE MALL HISTORIC DOWNTOWN SANTA ANA US COURTHOUSE
1440 SOUTH BROADWAY, SANTA ANA, CALIFORNIA 7
SOUTH COAST PLAZA DISNEYLANDSEGERSTROM CENTER OF THE ARTS
ORANGE COUNTY is the third most populous county in the State of California and the sixth most populous county in the United States; Located in the heart of Southern California between Los Angeles to the north, San Diego to the south, and Riverside and San Bernardino counties to the east. Orange County is comprised of 34 cities within its 798 square miles and a population of over 3 million people. Orange County is one of California’s leading economic markets.
The diverse economy is a key component of Orange County’s stability and continual performance. Orange County’s economy would rank it 32nd among the rest of the world’s nations if it were its own country. Several Fortune 500 companies including Ingram Micro (#69) and First American Corp (#312) as well as many regional headquarters for international businesses are all located in Orange County. The average household income of $95,016 in Orange County is signifi cantly higher than that of the nation average of $69,303 making it one of the wealthiest areas in the United States. Top employers in Orange County include; Walt Disney Company, University of Irvine, County of Orange, St. Joseph Health System, and Boeing Co.
Orange County is home to some of the world’s most popular tourist attractionssuch as The Disneyland Resort and California Adventure, Knott’s Berry Farm, Mission San Juan Capistrano and miles of popular beaches. South Coast Plaza offers world-renowned shopping that generates over $1.5 billion which is the highest in the United States. Over 38 million tourists visit Orange County annually, spending approximately $7.3 billion and supporting nearly 83,000 local jobs. Orange County is an influential metropolitan area with world-class educational, cultural, scientific and business institutions making it one of the most desirable places to live, work and enjoy the quintessential American Dream. Offering the best golf courses, miles of hiking, biking and equestrian trails, it’s Golden Coast, theme parks and cultural delights, OrangeCounty will continue to attract residents and visitors.
L O C A T I O N O V E R V I E W
1440 SOUTH BROADWAY, SANTA ANA, CALIFORNIA 8
D I S C L A I M E R
This is a confidential marketing profile (the “Profile”) intended solely for your limited use and benefit in determining whether you desire to express further interest in purchasing the “Property”, located in Lake Forest, CA.
This Profile has been prepared by Lee & Associates on behalf of the owner of the Property (the “Owner”) and has been reviewed by rep-resentatives of the Owner. It contains select information pertaining to the Property and does not purport to be an all inclusive representation of the state of affairs of the Property, or to contain all the information, which prospective investors may require. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market condi-tions, competition and other factors beyond the control of the Owner and Lee & Associates. The information contained herein was obtained from third parties, and it has not been independently verified by Lee & Associates. Prospective investors should have the experts of their choice inspect the Property and verify all information. Lee & Associ-ates is not qualified to act as or select experts with respect to legal, tax, environmental, building construction, soils drainage or other such matters. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. Neither the Owner nor Lee & Associates, nor any of their respective directors, offi-cers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy of completeness of this Profile or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Profile or use of its contents.
The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers on the subject Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Profile. The Owner shall have no legal commitment or obligation to any entity reviewing this Profile or making an offer on the Property unless and until written agreement(s) for the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Profile, you agree that this Profile and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Profile or any of its con-tents to any other entity without prior written authorization of the Own-er or Lee & Associates. You also agree that you will not use this Profile or any of its contents in any manner detrimental to the interest of the Owner or Lee & Associates.
Lee & Associates reserves the right to submit the Property to additional clients on terms that may or may not be identical to the terms con-tained herein. By receipt of this Profile, you acknowledge that compet-ing interests may develop in connection with offers on the Property, and waive any conflict of interest that might arise as a result thereof. In such case, Lee & Associates expressly disclaims any obligation to advance the interest of any client at the expense of any other client who may receive this Profile. Dealings with each client shall remain strictly confidential and in no case will Lee & Associates disclose the terms of any actual or potential offer to any competing client.