1060-80 W LA PALMA AVENUE Anaheim, California...1060-80 West La Palma Avenue in Anaheim is a Retail...

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OFFERING MEMORANDUM SUBJECT: Commercial Retail Investment 1060-80 W LA PALMA AVENUE Anaheim, California

Transcript of 1060-80 W LA PALMA AVENUE Anaheim, California...1060-80 West La Palma Avenue in Anaheim is a Retail...

Page 1: 1060-80 W LA PALMA AVENUE Anaheim, California...1060-80 West La Palma Avenue in Anaheim is a Retail Property ideally located adjacent to the Anaheim Regional Medical Center (Hospital

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SUBJECT: Commercial Retail Investment

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1060-80 La Palma Ave

Southern California Investment Opportunity 1060-80 West La Palma Avenue in Anaheim is a Retail Property ideally located adjacent to the Anaheim Regional Medical Center (Hospital & Emergency Center). The investment is a fully stabilized, tangible asset in great condition; with good quality tenants in place. This is a rare opportunity in Orange County as the existing tenants are ideal in today's ever-changing economic landscape.

This information was obtained from sources that we believe are reliable however we cannot accept responsibility for its accuracy.

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P R O P E R T Y S P E C I F I C S

D I S C L A I M E R : The information included in this brochure has been obtained from sources we believe to be reliable, however we do not accept responsibility for its accuracy. No investigations have been made, and no warranty or representation is made with respect to income or expenses, future performance, sizes, or condition.

Parcel Number: 401-592-01

Address: 1060-80 W La Palma AveCity & State: Anaheim, CA 92805Year Built: 1980Building Sq.Ft.: 5,205Lot Sq.Ft.: 19,602Number of Units: 2Parking: Approximately 30 Spaces (Two Segments)Amenities: Excellent Visability on La Palma Ave.

P R I C I N GPrice: $2,985,000Cost/ Sq.Ft.: $573.49Cost/ Unit: $1,492,500

U N I T M I X & R E N T S C H E D U L EUnit Type Notes Current 2021 Market

1 Laundry 5 Yr Options $5,133 $5,287 $5,9002 Market 10 Year/2028 $5,016 $5,166 $5,500

Monthly Total: $10,149 $10,453 $11,400Annual Income: $121,788 $125,442 $136,800

A N N U A L I Z E D E X P E N S E STaxes (Est.): $0Tax Rate (Est.): 0.00%Insurance (Est.): $0UGliGes (Est.): $0Maintenance (Est.): -$1,000Professional Services: -$500Management/Admin((Est.): -$500Total Estimated Expenses: -$2,000

A N N U A L I Z E D O P E R AT I N G D ATACurrent 3% Annual Increase (2021)

Scheduled Gross Income: $121,788 $125,442Expenses: -$2,000 1.6% -$2,000 1.6%Net Operating Income: $119,788 $123,442Loan Payments (50% LTV / 5% APR): -$96,000 -$96,000Gross Spendable Income: $23,788 $27,442

Cap. Rate: 4.0% 4.1%Gross Multiple: 24.51 23.80Debt Coverage: 1.25 1.29

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This information was obtained from sources that we believe are reliable however we cannot accept responsibility for its accuracy.

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STARBUCKS

LOWE’S

TARGET

ANAHEIM PACKING DISTRICT

DISNEYLAND

WALMART SUPERCENTER

HOME DEPOT

HONDA CENTER

ANGELS STADIUM

ANAHEIM REGIONAL MEDICAL CENTER

SUBJECT PROPERTY

This information was obtained from sources that we believe are reliable however we cannot accept responsibility for its accuracy.

Page 6: 1060-80 W LA PALMA AVENUE Anaheim, California...1060-80 West La Palma Avenue in Anaheim is a Retail Property ideally located adjacent to the Anaheim Regional Medical Center (Hospital

This information was obtained from sources that we believe are reliable however we cannot accept responsibility for its accuracy.

Page 7: 1060-80 W LA PALMA AVENUE Anaheim, California...1060-80 West La Palma Avenue in Anaheim is a Retail Property ideally located adjacent to the Anaheim Regional Medical Center (Hospital

This information was obtained from sources that we believe are reliable however we cannot accept responsibility for its accuracy.

Page 8: 1060-80 W LA PALMA AVENUE Anaheim, California...1060-80 West La Palma Avenue in Anaheim is a Retail Property ideally located adjacent to the Anaheim Regional Medical Center (Hospital

This information was obtained from sources that we believe are reliable however we cannot accept responsibility for its accuracy.

Anaheim T H E H E A R T O F O R A N G E C O U N T Y

Anaheim is a city outside Los Angeles, in Southern California. It's home to the Disneyland Resort, a massive complex of family-friendly, Disney-themed rides, restaurants, hotels and shops. The city's also home to pro sports teams. The Honda Center is the indoor arena where the Anaheim Ducks hockey team plays, and Angel Stadium is the home field of the Los Angeles Angels baseball team.

SO-CAL LIFESTYLE

Anaheim has many historical and cultural landmarks that are well worth visiting. Three of them in particular, Disneyland, Angels Stadium and the Mother Colony House, really show the unique past, present and future of Anaheim. where it has been and where it is going. Check out this visual diary of Anaheim and see how deep some of the roots grow in this city.

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 the10th-most populous city in California. Anaheim is the second-largest city in Orange County in terms of land area, after Irvine. 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. Another source of tourism is the Anaheim Convention Center, which is home to many important national conferences. Many hotels, especially in the city's Resort district, serve theme park tourists and convention goers.

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Presented By: Michael Sacks | Senior Associate DRE Lic. #01945984 Emanuel Fabian | Investment Sales DRE Lic. #01970269

COLDWELL BANKER COMMERCIAL NRT Phone: 949.887.9971 Website: www.PacificSouthCoast.com 840 Newport Center Dr., Ste. #100, Newport Beach, CA 92660

Please contact our strategic partner for financing information: Fidelity Bancorp Funding is a group of professionals dedicated to superior standards of excellence and best practices, always providing our clients peace of mind for their investing needs.

Most importantly, Fidelity has been providing financing to investors in this area for 26 years. Their unmatched team brings together the best of knowledge, resources and partnerships that lead to a winning combination. Our ability to provide a one-stop-solution under one roof distinguishes us from other lending institutions.

Should you have any questions regarding rates or loan terms, Fidelity Bancorp Funding is here to help. For more information, please call (310) 245-1976 or visit www.fbfloans.com/loan-programs.