:: INFORMATION PACKAGE FOR SALE | ±3.74 AC INDUSTRIAL …...Land Area: ±3.74 AC Ownership: Fee...

5 0 5 W F O O T H I L L B LV D , A Z U S A , C A ± 0 . 4 M I L E S F R O M A Z U S A M E T R O S TAT I O N

: : I N F O R M AT I O N PA C K A G E

FOR SALE | ±3.74 AC INDUSTRIAL LAND, AZUSA

Ca

pita

l Ma

rke

ts | In

ve

stme

nt P

rop

ertie

s

:: Ron MgrublianLic. 01902882 +1 562 968 [email protected]

Presented by: :: Edward MatevosianLic. 01358783+ 1 818 502 [email protected]

His

toric

Rte

66

N McKeever Ave

W F

ooth

ill B

lvd

N Orange Ave

505 W FOOTHILL BLVD.

mailto:[email protected]

5 0 5 W F O O T H I L L B LV D , A Z U S A , C A | A f f i l i a t e d B u s i n e s s D i s c l o s u r e a n d C o n f i d e n t i a l i t y A g r e e m e n t

CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the

Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the 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 Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of 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 Memorandum, you agree that this Memorandum 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 Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.

© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently

confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by

your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

O F F E R I N G S U M M A RYCBRE is pleased to present for sale 505 W Foothill Boulevard in Azusa. This property is ±3.74 AC and is zoned as “West End Light Industrial”.

Property Address: 505 W Foothill Blvd, Azusa, CA 91702Assessor Parcel Numbers: 8605-003-059Offering Price: $7,000,000Current Property Use: IndustrialLand Area: ±3.74 ACOwnership: Fee SimpleZoning: West End Light Industrial

O F F E R I N G S U M M A RYAddress/APN Land Sq. Ft. Building Sq. Ft. Year Built

505 W Foothill Blvd APN 8605-003-059 ±3.74 AC ±41,370 1947

Per Realquest Title Reports

505W FOOTHILL BLVD.

3

• Affluent trade area

• Rare opportunity to own a site adjacent to the Metro tracks and about ±0.4 miles from the Azusa Metro Station

• Parcel size: ±3.74 AC

• Zoning: West End Light Industrial

• Busy traffic corridor

• Flat, developable land parcel

• Parcel near many traffic generators: excellent ingress and egress from both streets

P R O P E RT Y H I G H L I G H T S505 W Foothill Boulevard

4

PA R C E L M A P

5

S I T E P L A NLong Term Storage

Parking Lot

Feul Tank

WAREHOUSE

METAL SHED

Tooling Storage

BLOCKBUILDING #5

MET

AL S

HO

PW

AREH

OU

SE #

36,

500

Sq. F

t. Tool Repair

OPEN METAL WAREHOUSEWELDSHOP #420,250 Sq. Ft.

Storage Rocks

MET

AL W

AREH

OU

SEO

FFIC

ES #

214

,500

Sq.

Ft.

Park

ing

Lot

Addi

tiona

l Par

king

Office

ConexStorage

ConexStorage

Storage

TruckTrailerParking

EquipmentParkingSwing Gate

RollingGate

Conex

ConcreteBlocksLight

Poles

2,340 Sq. Ft.

512 Ft.

50 Ft. 150 Ft. 206 Ft.

405 Ft.

85 Ft.

148 Ft.

125 Ft.

220

Ft.

165

Ft.

100 Ft.

47 Ft.

40 Ft.47 F

t.37 Ft.

147 Ft.92 Ft.

363

Ft.

548

Ft. 35

0 Ft

.

210

Ft.

13 Ft.

6

A D J A C E N T T O M E T R O G O L D L I N E

505 W Foothill Boulevard

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A E R I A L M A P


8

A E R I A L

210

AZUSA METRO STATION


9

LOCAL MAP


210

10

REGIONAL MAP


11

ZONING


12

A new Azusa is emerging. The City is revitalizing the community by offering new choices for living, working and exploring. The City understands that providing the highest quality of life is a means of achieving positive economic development benefits. An ombudsman also provides one-on-one assistance to businesses. Nestled at the foot of the San Gabriel Mountains National Monument and with access to a reliable source of water, affordable electric rates and a sustainable infrastructure featuring two light rail Foothill Gold Line Stations, Azusa is prepared to be the ideal destination for residents, businesses and explorers.

The Business Friendly City

MAJOR EMPLOYERS

azusa block 36: a new mixed-use development

azusa block 36 concept plan | design by wha

AZUSA OVERVIEW

13

AZUSA OVERVIEW

THE METRO GOLD LINE

The city of Azusa is home to two Gold Line stations as part of the Foothill Gold Line from Pasadena to Azusa, completed on time and on budget on September 23, 2015 and turned over to Metro. Downtown Azusa is one of the two stations in Azusa, located in the heart of the city’s downtown. The second Gold Line station is located on the eastern border of the city near Azusa Pacific University and Citrus College (APU/Citrus College Station). Passenger service began on March 5, 2016.

The Azusa Downtown station is located east of Azusa Avenue, and consists of side platforms with the track in the middle. As part of the project, Alameda Avenue was permanently closed to accommodate the new platforms. The next Gold Line construction phase will continue the line for 12 miles east from Downtown Azusa is one of the two stations in Azusa, located in the heart of the city’s downtown. The second Gold Line station is located Azusa to Montclair and eventually the plan is to extend it to Ontario Airport (all construction subject to funding).

Approximately 12 million annual boardings. (www.metro.net.com)

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EDUCATION

Azusa offers convenient access to a plethora of world class educational institutions. Azusa residents are able to enjoy convenient access to schools such as Azusa Pacific University, California Institute of Technology, the University of Southern California, Citrus College, Occidental College, Loyola Law School, Southwestern Law School and Pasadena City College within minutes. Each institution produces a rich source of skilled labor capable of pursuing highly specialized occupations and business ventures. The local talent nearby, the strong demographics, and the mass transit in Azusa, will continue elevating the trend of this community’s desirability.

16

DEMOGRAPHICS MAP


17

DEMOGRAPHICS

pOPULATION

2017 ESTIMATED POPULATION 21,941

2022 ESTIMATED POPULATION 23,038

RACE & ETHNICITY

2017 ESTIMATED POPULATION BY RACE

21,941

White 12,638 57.6%

Black 518 2.4%

Asian 1,650 7.5%

Pacific Islander 33 0.2%

American Indian &Alaska Native

266 1.2%

Other Race 5,775 26.3%

Two or More Races 1,060 4.8%

Hispanic 16,687 76.1%

White Non-Hispanic 2,907 13.2%

Education

2017 ESTIMATED POPULATION OVER 25 BY EDUCATIONAL ATTAINMENT

13,381

Less than 9th Grade 2,111 15.8%

9-12th Grade - No Diploma 1,068 8.0%

High School Diploma 3,704 27.7%

GED or Alternative Credential 259 1.9%

Some College - No Degree 2,573 19.2%

Associate`s Degree 1,032 7.7%

Bachelor`s Degree 1,759 13.2%

Graduate or Professional Degree

875 6.5%

HOUSING

2017 ESTIMATED OWNER OCCUPIED UNITS

3,028

2017 ESTIMATED RENTER OCCUPIED UNITS

3,164

HOUSEHOLDS

2017 HOUSEHOLDS 6,192

2022 HOUSEHOLDS 6,471

HOUSEHOLD INCOMES

2017 AVERAGE HOUSEHOLD INCOME $68,904

2022 AVERAGE HOUSEHOLD INCOME $79,296

*WITHIN A ONE MILE RADIUS OF SUBJECT PROPERTY

18

DOWNTOWN AZUSA AMENITIES MAP


19

LOCAL AZUSA NEIGHBORHOOD AMENITIES MAP


20

DOWNTOWN LOS ANGELES | ONLY A FEW METRO STOPS AWAY

Downtown Los Angeles, with direct Gold Line access from Azusa to Union Station, was built up around the original settlements in the region, and is naturally its geographic center. It has become one of the most dynamic urban centers in the West and the regional hub of Southern California. It contains the largest concentration of office space and cultural amenities, is the center of an extensive transportation network, and is the focal point for investment capital by public and private sources. The city’s renaissance, which began in the mid-1990s, has accelerated. According to the Downtown Center BID (DowntownLA.com), investment in Downtown LA from 1999 to 2014 has been approximately $19.3 billion. Out of this $19.3 billion investment over the years, $7.3 billion of it has been in the residential sector. The residential and retail sectors have seen significant growth, which the hotel market continues to expand to meet the demand from over 10 million visitors annually.

MAJOR DTLA EMPLOYERS

GOLD LINE ROUTE

Fresh Freight Air DTLA City Hall

Down Town Professional

WESTSIDE

Los

Ange

les

Riv

er

Los Angeles River

PACIFIC OCEAN

2nd St/Hope

1st/Centra

l

2nd St/BroadwayBroadway

Wils

hire/L

a Bre

a

Wils

hire/F

airfax

Wils

hire/L

a Cienega

Wils

hire/R

odeo

Century City

/Conste

llatio

n

Westwood/U

CLA

Westwood/U

CLA

Westwood/V

A Hospita

l

Aviation/96th

Martin Luther King Jr

Leimert Park

Hyde Park

Fairview Heights

Downtown Inglewood

Westchester/Veterans

Aviation/Century

Little Tokyo/Arts Dist

PURPLE LINE EXTENSION

REGIONAL CONNECTOR

TRANSIT PROJECT

CRENSHAW/LAXTRANSIT PROJECT

LAX

Univers

al City

/Stu

dio City

Hollywood/V

ine

Hollywood/H

ighland

Univers

al City

/Stu

dio City

Balboa

Canoga

De Soto

Pierce Colle

ge

Tam

pa

Reseda

Civic Ctr/

Civic Ctr/

Civic Ctr/

Civic Ctr/

Grand

Grand

Grand

Grand

ParkParkParkPark

Westlake/M

acArthur P

ark

Warner Ctr

Roscoe

Pico/A

liso

Mariach

i Pla

za

Long Beach

Bl

Artesia

Del Amo

Civic Ctr/

Grand

Park

Allen

LakeSierr

a Madre

Villa

Arcadia

Monrovia

Duarte/C

ity of H

ope

Irwindale

Azusa D

owntown

APU/Citr

us College

Lincoln/Cypress

Heritage Sq

Southwest Museum

Highland Park

Fillmore

Del Mar

Memorial Park

South Pasadena

Westlake/M

acArthur P

ark

Wils

hire/V

ermont

Pershing

Chinatown

Union Station

Chinatown

Square

7th St/Metro CtrPico

LATTC/OrthoInstitute

Jeffers

on/USC

Union Station

LAX FlyAwayAmtrak & MetrolinkLAX FlyAway

LAX Shuttle G

Amtrak & MetrolinkMetro

link

Sherman Way

Warner Ctr

Roscoe

Nordhoff

Chatsworth

Hollywood/W

estern

Vermont/S

anta M

onicaHollywood/W

estern

Hollywood/V

ine

Hollywood/H

ighlandNorth

Holly

wood

Balboa

Woodley

Sepulveda

Van Nuys

Sepulveda

Van Nuys

Woodman

Valley Colle

ge

Laurel C

anyon

Canoga

De Soto

Pierce Colle

ge

Tam

pa

Reseda

Vermont/B

everly

Vermont/S

anta M

onica

Vermont/S

unset

Vermont/S

unset

Amtrak & Metrolink

Soto

Indiana

Maravill

a

East LA Civic

Ctr

Atlantic

El Monte

Cal Sta

te LA

LAC+USC Medica

l Ctr

Pico/A

liso

Mariach

i Pla

za

Wils

hire/

Normandie

Wils

hire/W

estern

ExpoPark

/USC

Expo/Verm

ont

Expo/Weste

rn

Expo/Cre

nshaw

Farmdale

Expo/La B

rea

La Cienega/Jeffers

on

Culver C

ity

Palms

Westwood/R

ancho Park

Expo/Sepulve

da

Expo/Bundy

26th St/B

ergam

ot

Expo/Sepulve

da

Expo/Bundy

26th St/B

ergam

ot

17th

St/SMC

Downtown Santa

Monica

Mariposa

El Segundo

Douglas

Redondo Beach

37th St/USC

Rosecrans

Harbor

Carson

Pacific CoastHwy

GatewayTransit Ctr

Long Beach

Bl

Avalon

Vermont/

Athens

Crenshaw

Hawthorn

e/Lennox

Aviation/L

AX

Lakewood Bl

Norwalk

Norwalk

Slauson

Manchester

Harbor F

wy

5th St

1st St

PacificAv

DowntownLong Beach

PacificAv

Washington

Vernon

Slauson

Florence

Firestone

Compton

Artesia

Del Amo

Wardlow

Willow St

Pacific Coast Hwy

Anaheim St

103rd St/

Willowbrook/Rosa Parks

Watts Towers 103rd St/

Willowbrook/Rosa Parks

DowntownLong Beach

Grand/LATTC

San Pedro St

Watts Towers

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SOUTH LA

WESTSIDE

CENTRAL LA

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SOUTH LA

CENTRAL LA

North Hollywood to Union Station

Metro Rail

Wilshire/Western to Union StationPurple Line

Blue Line

Expo Line

Orange Line

Amtrak

LAX FlyAway

Metrolink

Metro Busway

Regional Rail

Green Line

Gold Line

Downtown LA to Long Beach

Downtown LA to Santa Monica

Redondo Beach to Norwalk

East Los Angeles to Azusa

Silver Line

Chatsworth to North Hollywood

San Pedro to El Monte

amtrak.com

metrolinktrains.com

lawa.org/flyaway

LAX Shuttle (free)lawa.org

Street Service in Downtown LAand San Pedro

MAY 2016 Subject to Change

Airport Shuttle

Rail Station

StationTransfer

Busway

Statio

n

UNDERCONSTRUCTION

Busway StreetService

Red Line

metro.net

Metro Rail & Busway

16-1

819M

M ©

2016

LAC

MTA

JUL 2016 Subject to Change

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DTLA AMENITIES & GOLD LINE MAP ONLY A FEW METRO STOPS AWAY

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LA REGIONAL MAP — AZUSA


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For more information, please contact:

Ca

pita

l Ma

rke

ts | In

ve

stme

nt P

rop

ertie

s

:: Ron MgrublianLic. 01902882 +1 562 968 [email protected]

:: Edward MatevosianLic. 01358783+ 1 818 502 [email protected]


mailto:[email protected]

:: INFORMATION PACKAGE FOR SALE | ±3.74 AC INDUSTRIAL …...Land Area: ±3.74 AC Ownership: Fee...

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Transcript of :: INFORMATION PACKAGE FOR SALE | ±3.74 AC INDUSTRIAL …...Land Area: ±3.74 AC Ownership: Fee...