MVP - LoopNet...MVP, for itself and its affiliates of the Property, expressly disclaim any and all...
Transcript of MVP - LoopNet...MVP, for itself and its affiliates of the Property, expressly disclaim any and all...
MVPJonathan Prakash
Executive Managing Director, Partner
310.301.2351 | [email protected]
DRE: #01483131In Association with KW Commercial
Derrick VartanianExecutive Managing Director, Partner
310.301.2353 | [email protected]
DRE: #01816119
1811 E Center St, Anaheim CA 92805
Offering Price: $1,450,000
CalDRE 02004120
EXCLUSIVE BANKRUPTCY OPPORTUNITY - COMMERCIAL BUILDING 1811eCenterSt.com
MVP Commercial 3
8
9
10
11
12
13
EXECUTIVE SUMMARY
SUMMARY OF TERMS
THE OFFERING
MARKET OVERVIEW
CITY OF ANAHEIM
GEOGRAPHY
DEMOGRAPHICS
MAJOR EMPLOYERS
TABLE OF CONTENTS
OFFERING MEMORANDUM
1811 E Center St, Anaheim CA 92805
In Association with KW Commercial
41811 E Center St, Anaheim CA 92805
MVP Commercial 5
State C
ollege Blvd
1811 E Center StAnaheim, CA 92805
61811 E Center St, Anaheim CA 92805
MVP Commercial 7
1811 E Center St, Anaheim CA 92805 8
1. Bankruptcy Court Sale Subject to Court Overbid and Approval
Process
2. All Offers are Subject to an Overbid Process
3. Bankruptcy Court Case # 2:19-bk-14146-BB
4. Property is being Sold “AS-IS, WHERE-IS” without
Representation or Warranties
EXECUTIVE SUMMARY
SUMMARY OF TERMS
1811 E Center St, Anaheim CA 92805APN: 035-281-45
Price $1,450,000
Number of Stories 2
Year Built 1979
Building Size 6,888 SF
Lot Size 15,924 SF
Zoning O-L
Parking Spaces 22
Price per Square Foot $210.51
Frontage Approximate ≈ 110 Feet
PARCEL MAP
The property is located in the city of Anaheim just south of La
Palma Avenue and west of S State College Boulevard and is
conveniently located in between the 91, 57, and 5 Freeways. The
investment is located in close proximity to Disneyland/California
Adventure Park, Downtown Disney, Anaheim Stadium, and the
Honda Center.
**Please do not set foot on the property. Call Listing Agents for showing instructions
or to set up an appointment**
BANKRUPTCY INFORMATION
MVP Commercial 9
EXECUTIVE SUMMARY
THE OFFERINGSUBJECT PROPERTY :1811 E Center St, Anaheim CA 92805
The Bankruptcy Division of MVP Commercial Investment Real Estate
of KW Commercial is pleased to present a Beautifully Remodeled
Commercial Building located in a Designated Qualified
Opportunity Zone in the city of Anaheim. The building was
being used as office space until recently and will be delivered
vacant to a new Owner at the Close of Escrow. The property
was built in 1979 and remodeled approximately 5 years ago with
new interior renovations along with new HVAC systems. The 2
story building is approximately 6,888 square feet (Buyer to Verify)
and is situated on a 15,924 square foot lot zoned O-L.
This investment opportunity contains multiple office suites of
different square footages which can be rented immediately and
also contains a large conference room, a kitchen, and two
restrooms on each floor. Further, the property contains a Cell
Tower and Equipment Room which is currently leased at $2,450
per month. The property has ample parking with gated entry.
This asset permits for a variety of options including but not limited
to: office investment, owner-user opportunity, potential for a
build out of an office with a different use code (i.e. Medical/
Dental) as well as a variety of development options due to its
O-L zoning and it being situated in a Designated Qualified
Opportunity Zone (Buyer to Verify).
INVESTMENT & LOCATION HIGHLIGHTS
• Beautifully Remodeled Commercial Building Located in
Opportunity Zone
• 6,888 Square Feet | 15,924 SF Lot Zoned O-L
• Delivered Vacant at Close of Escrow | Great Owner-User
Opportunity
• Ample Parking with Gated Entry
• On-Site Cell Tower and Equipment Room Income
• Beautiful Anaheim Location within Minutes from Disneyland
Park/California Adventure, Downtown Disney, and Angels
Stadium of Anaheim
1811 E Center St, Anaheim CA 92805 10
LOCATION OVERVIEW
Anaheim is a city in Orange County, California. As of the 2010
United States Census, the city had a population of 336,265, making it
the most populous city in Orange County and the 10th-most populous
city in California. Anaheim is the second-largest city in Orange
County in terms of land area, and is known for being the home of
the Disneyland Resort, the Anaheim Convention Center, and two
major sports teams: the Anaheim Ducks ice hockey club and the
Los Angeles Angels baseball team.
Source: https://en.wikipedia.org/wiki/Anaheim,_California
CITY OF ANAHEIM
Location Highlights
• As of the 2010 United States Census, the city had a population
of 336,265, making it the most populous city in Orange County
and the 10th-most populous city in California.
• Disneyland Resort, with two theme parks, multiple hotels, and
retail district; Disney is part of the larger Anaheim Resort district
with numerous other hotels and retail complexes. The Platinum
Triangle, a neo-urban redevelopment district surrounding
Angel Stadium, which is planned to be populated with mixed-
use streets and high-rises.
• Anaheim’s income is based on a tourism economy. In addition to
The Walt Disney Company being the city’s largest employer, the
Disneyland Resort itself contributes about $4.7 billion annually
to Southern California’s economy. It also produces $255 million
in taxes every year.
• The Platinum Triangle, a neo-urban redevelopment district
surrounding Angel Stadium, which is planned to be populated
with mixed-use streets and high-rises.
• Further east, Anaheim Canyon is an industrial district north of
the Riverside Freeway and east of the Orange Freeway. The city’s
eastern third consists of Anaheim Hills, an affluent community
built to a master plan, and open land east of the 241 tollway.
• The Anaheim Canyon business park makes up 63% of Anaheim’s
industrial space and is the largest industrial district in Orange
County. Anaheim Canyon is also home to the second-largest
business park in Orange County. Anaheim Canyon houses 2,600
businesses, which employ over 55,000 workers.
MVP Commercial 11
LOCATION OVERVIEW
GEOGRAPHYAnaheim is located approximately 27 miles south of downtown Los
Angeles, 31 miles southeast of the Los Angeles International
Airport, and 13 miles from the Pacific coast. The Santa Ana Mountains
lie to Anaheim’s east. Industrial and commercial areas along with
a majority of the residential sections are relatively flat. The newer
residential areas are in rolling terrain in the foothills of the Santa
Ana Mountains.
City of Anaheim: 50.93 square miles
County of Orange: 948 square miles
Source: https://en.wikipedia.org
1811 E Center St, Anaheim CA 92805 12
DEMOGRAPHICS
City of Anaheim: 359,339
County of Los Angeles: 3.01 Million
POPULATION
Source: http://www.anaheim.net/DocumentCenter/View/13910/Anaheim-Demo-
graphic-Profile?bidId= & https://en.wikipedia.org
Hispanic or Latino (of any race) 53.8%
Non-Hispanic Whites: 25.2%
Asian/Pacific Islander: 16.3%
African-American: 2.2%
American Indian/Others: .1%
Source: http://www.anaheim.net/DocumentCenter/View/13910/Anaheim-Demo-
graphic-Profile?bidId=
ETHNICITY
Average household income: $88,459
Median household income: $70,395
Average family income: $93,834
Median family income: $72,477
Average per capita income: $26,538
INCOME
Anaheim is a modern, diverse city with a proud history dating
back to its 1857 founding. Anaheim is known worldwide as
the home of the Disneyland Resort, including Walt Disney’s
or iginal Disneyland Park , as wel l as Angel Stadium of
Anaheim and Angels Baseball, Honda Center and the Anaheim
Ducks, and the Anaheim Convention Center, the largest on
the West Coast.
MVP Commercial 13
MAJOR EMPLOYERS
Disneyland Resort 30,000
Northgate Gonzalez Markets 6,700
City of Anaheim 3,145
Kaiser Permanente 2,200
Atlanta Hill Restaurant Corporation 2,000
Anaheim Regional Medical Center 1,800
Makar Anaheim, LLC (Hilton Anaheim) 1,800
L-3 Communications 1,800
Advantage-Crown Sales & Marketing LLC 1,700
Angels Baseball 1,500
Source: http://www.anaheim.net/DocumentCenter/View/13910/Anaheim-De-mographic-Profile?bidId=
TOP 10 EMPLOYERS IN ANAHEIM
141811 E Center St, Anaheim CA 92805
MVP Commercial 15
This Confidential Memorandum has been prepared by MVP Commercial Investment Real Estate (“MVP”) and is being furnished to you solely for the purpose of your review of the commercial property located at 1811 E Center St, Anaheim CA 92805. The material contained in this Offering Memorandum shall be used for the purposes of evaluating the Property for acquisition and shall not be used for any purpose or made available to any other person without the express written consent of MVP Commercial Investment Real Estate and KW Commercial (“Broker”).
By accepting the Confidential Memorandum, you acknowledge and agree that: (1) all of the information contained herein and any other information you will be receiving in connection with this transaction, whether oral, written or in any other form (collectively, the “Materials”), is confidential; (2) you will not reproduce the Confidential Memorandum in whole or in part; (3) if you do not wish to pursue this matter, you will return this Confidential Memorandum to MVP as soon as practicable together with all other materials relating to the Property which you may have received from MVP; and (4) any proposed actions by you which are inconsistent in any manner with the foregoing agreements will require the prior written consent of MVP.
This Confidential Memorandum has been prepared by MVP, based upon certain information pertaining to the Property and any information obtained from MVP to assist interested parties in making their own evaluation of the Property is offered on a no representation or warranty provision other than customary warranties of title and is sold on an “as-is, where-is” basis and with all faults. The material and transaction does not purport to be all inclusive. This Confidential Memorandum contains descriptive materials, financial information and other data compiled for the convenience of parties interested in the Property. The Materials are being delivered by MVP to prospective investors with the understanding that it is not all inclusive and that it is qualified in its entirety by independent investigation by prospective investors of those matters which they deem appropriate in evaluating this offering without reliance upon MVP, the Broker or any of their respective affiliates or any of the information set out in the Materials. Neither MVP or KW Commercial, the Broker, nor any of their respective affiliates have independently verified any of the information contained herein or in any of the Materials, and no representations or warranties as to the accuracy or completeness thereof or of any other kind whatsoever are made or intended and none should be inferred.
MVP, for itself and its affiliates of the Property, expressly disclaim any and all liability for statements or representations, express or implied, contained herein or for omissions from the Materials or for any other written, oral or other format of communication transmitted to a prospective investor in the course of its evaluation of the proposed transaction. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. The terms and conditions described herein are subject to change without notice.
This Confidential Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitation of interest with respect to the investment described herein. The Confidential Memorandum does not constitute an offer of security. The investment described herein may be financed or withdrawn from the market, without prior notice. By accepting this Confidential Memorandum, you agree to release MVP and hold it harmless from any kind of claim, expense, or liability arising out of your discovery or purchase of the Property. MVP reserves the right to request the return of the Materials at any time. Ownership of the Property reserves the right to negotiate with one or more prospective investors at any time.
CONFIDENTIAL DISCLAIMER
www.mvpcre.com
In Association with KW Commercial
Derrick VartanianExecutive Managing Director, Partner310.301.2353 | [email protected]: #01816119
Jonathan PrakashExecutive Managing Director, Partner310.301.2351 | [email protected]: #01483131
CalDRE 02004120