ALISO VIEJO, CALIFORNIA · 2018-01-29 · Aliso Viejo was originally part of the 22,000-acre...

O F F E R I N G M E M O R A N D U M

ALISO VIEJO, CALIFORNIA

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Location• Aerials & Maps• Parcel Map•

TABLE OF CONTENTS

Market

Financials

• Area Information• Demographics• Sale Comparables

• Rent Roll & Pricing• Property Tax Bill

Property• Property Summary• Images• Floor Plans

Exclusive Agent• Jeff Carr


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property

CBRE | OFFERING MEMORANDUM

BUILDING DETAILS

BUILDING AREA: ±14,037 Square Feet

OFFICE AREA: 100% Office, Two-Story

PARKING: ±4:1,000 Ratio

YEAR BUILT: 2001

CONSTRUCTION: Concrete Tilt-Up

ELEVATOR: Yes

SHOWERS: Yes

BUILDING HIGHLIGHTS:Free-standing divisible building, full kitchen, newly refurbished, frontage on Aliso Creek Road

propertySUMMARY

CBRE | OFFERING MEMORANDUM 27372 ALISO CREEK ROAD


firstFLOOR


secondFLOOR

DnStai

r

SeatingArea

Dn

Mens

Womens

Elev.

Stair

Shower

Elev.Lobby

Exist’gBalcony


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location


aerials &MAPS

Aliso Creek Road

Aliso Viejo Parkway

Pacific Park

Moulton Parkway


Alis

o Cr

eek

Road

Aliso Viejo Parkway

APN:634-301-03


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financials


rentROLL & PRICING

Rent Roll27372 Aliso Creek Road

Aliso Viejo, CA 92656

GLASuit Id Occupant Name Rent Current

ExpirationDate Sqft

Monthly AnnualBase Rent Rate PSF

---------------- Future Rent Increases ----------------Date Monthly Amount PSF

Occupied Suites

2490 -A Emerald Bay 10/1/2017 9/30/2021 1,815 2,888.30 19.10 10/1/1/17 2,888.30 19.1010/1/2018 2,974.95 19.6710/1/2019 3,064.20 20.2610/1/2020 3,156.12 20.87

2490 -B Harcourts Pacific, LLC 10/1/2017 9/30/2020 5,265 8,378.46 19.10 10/1/2017 8,378.46 19.1010/1/2018 8,629.81 19.6710/1/2019 8,888.71 20.26

2490 -D Tom Gorski Insurance Agency 10/1/2017 9/30/2020 1,450 2,307.46 19.10 10/1/2017 2,307.46 19.1010/1/2018 2,376.68 19.6710/1/2019 2,447.98 20.26

2490 -E Taylor Escrow 10/1/2017 9/30/2019 1,537 2,445.90 19.10 10/1/2017 2,445.90 19.1010/1/2018 2,519.28 19.67

2490 -F Preferred Group Properties 10/1/2017 9/30/2020 3,970 6,317.66 19.10 10/1/2017 6,317.66 19.1010/1/2018 6,507.19 19.6710/1/2019 6,702.40 20.26

Monthly Totals: 100.00% 5 Units 14,0370 Units 00 Units 0

Occupied Sqft: Unoccupied Sqft:

Vacant Sqft:Total Sqft: 5 Units 14,037 22,338.00

Annual NOI:

Asking Price:

* Buyer must assume existing 1st Trust Deed in the amount of $2,570,000 at a rate of 4.89%, maturity date of October 2025.

CAP Rate:

PSF:

$268,056.00

6%

$4,467,600.00

$318.27 *


propertyTAX BILL


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market

Aliso ViejoAREA INFORMATIONWith award-winning schools, attractive neighborhoods, and fabulous shopping, dining and entertainment, Aliso Viejo is certainly a popular place to live. The

City, which is continually ranked one of the safest cities in the nation, boasts rolling hillside, valley terrain and picturesque views of mountains, streams, parks

and city lights.

This South County city became Orange County’s 34th city when it incorporated on July 1, 2001 due to the efforts of the Aliso Viejo Cityhood 2000 Committee,

which was responsible for introducing an initiative on the ballot for the 2001 special election. Voters passed the initiative with 93.3% in favor of incorporation.

The City of Aliso Viejo is a master planned community that was developed to contain a balance between residential neighborhoods, community parks, facilities

and schools as well as an appropriate mix of business, office and retail uses. The City is home to the headquarters of several large corporations and the

community features ample employment opportunities and extensive recreational facilities. The City also enjoys access to the Orange County trail system. Wood

Canyon Wilderness Park is home to many rare and endangered plants and animals, along with mature oaks, sycamore and elderberry trees and year-round

streams. An abundance of parks and trails, cultural and recreational activities and youth sports programs further enhance the quality of life for a community

with a vision to ensure long-term viability.

The City continues to be ranked among the best places in the nation to live and raise a family and the community mirrors Aliso Viejo’s tagline: “Live Life

Inspired.”

The community name derives from Spanish for “old alder” or “old sycamore.”

Aliso Viejo was originally part of the 22,000-acre Moulton Ranch. In the 1890s, the Moulton family took ownership of land the Mexican government originally

granted to Juan Avila in 1842. In 1976, Mission Viejo Company purchased the last 6,600 acres for a new master-planned community. The ultimate vision for

Aliso Viejo was to feature neighborhoods that mix homes, workplaces, stores and services. A transit-friendly, energy-conscious and land-conserving community,

Aliso Viejo was to foster a sense of community by creating a friendlier streetscape, quality infrastructure like parks, schools and new roads, shopping close to

home, community services and neighbors that genuinely feel connected to the community and to one another in some fashion.

The county approved the master plan for the community in 1979 – and by March of 1982 – the first residential units were offered for sale. About eight months

later, the first residents arrived. Shea Properties purchased the Mission Viejo Company in 1997.

In February of 1995, the Self-Governance Subcommittee of Governmental Affairs, an offshoot of the Aliso Viejo Community Association (AVCA), which was the

first community-wide property owner’s association of its kind in the state, began its push to make Aliso Viejo a city. Two years later, Aliso Viejo Cityhood 2000

was born. In March of 1999, Aliso Viejo Cityhood 2000 launched a petition drive to put the question of cityhood to a community vote. On March 6, 2001,

voters (more than 90 percent) overwhelmingly decided to make Aliso Viejo a city.

Irvine

Costa Mesa

Foothill Ranch

Irvine Spectrum

Laguna Hills

Laguna Niguel

Lake Forest

Mission Viejo

San Clemente

San Juan Capistrano

Rancho Santa Margarita

Aliso Viejo

Tustin

Irvine


top employers inALISO VIEJO

TOP POSITIONS BY SECTOR

technology22%

logistics20%

insurance16%

hotel services

5%food &

beverage

4%institution13%

business services

4%

proximity toEMPLOYMENT

Foothill Ranch22 Minutes Rush-Hour CommuteIrvine Spectrum

13 Minutes Rush-Hour Commute

Laguna Hills9 Minutes Rush-Hour Commute

Laguna Niguel8 Minutes Rush-Hour Commute

Lake Forest16 Minutes Rush-Hour Commute

Mission Viejo13 Minutes Rush-Hour Commute

San Clemente18 Minutes Rush-Hour Commute

San Juan Capistrano12 Minutes Rush-Hour Commute

Rancho Santa Margarita20 Minutes Rush-Hour Commute

TOP

EMPL

OYER

S so

uth

oran

ge c

ount

yMerit Property Management 199 Aliso Viejo

City of San Clemente 197 San Clemente

Saddleback Valley USD 180 Laguna Hills

Quantum Fuel Systems 180 Lake Forest

PADI 180 Rancho Santa Margarita

Santa Margarita Catholic High School 175 Rancho Santa Margarita

Albertsons 170 Laguna Niguel

Memorial Care Home Health 162 Laguna Hills

Ossur Americas 160 Lake Forest

Brookdale San Juan Capistrano 159 San Juan Capistrano

BJ's Restaurant & Brewhouse 150 Laguna Hills

Target 150 San Clemente

USPS 150 San Clemente

Car Sound Exhaust System 150 Rancho Santa Margarita

Lowe's Home Improvement 147 San Clemente

JC Penney 145 Laguna Hills

Junipero Serra Catholic High School 145 San Juan Capistrano

Color Spot Nurseries 135 San Juan Capistrano

UCI 20,386 Irvine

Saddleback College 3,033 Mission Viejo

Edwards Lifesciences 2,987 Irvine

Irvine Unified School District 2,749 Irvine

Blizzard Entertainment 2,622 Irvine

Mission Hospital Regional Medical 2,200 Mission Viejo

Panasonic Avionics 2,122 Lake Forest

Oakley 1,987 Lake Forest

Broadcom 1,900 Irvine

Loan Depot 1,890 Lake Forest

Saddleback Memorial Medical 1,707 Laguna Hills

Parker Hannifin 1,700 Irvine

Nationstar Mortgage 1,556 Irvine

Glidewell Labs 1,538 Irvine

24 Hour Fitness 1,426 Irvine

Thales Avionics 1,424 Irvine

Applied Medical 1,304 Rancho Santa Margarita

Saddleback Unified School District 1,200 Mission Viejo

UPS 1,000 Aliso Viejo

O'Connell Landscape 980 Rancho Santa Margarita

Capistrano Unified School District 814 San Clemente

Pacific Life 811 Aliso Viejo

Capistrano Unified School District 691 Mission Viejo

Capistrano Unified School District 679 Aliso Viejo

Fluor 630 Aliso Viejo

Saddleback Valley School District 606 Rancho Santa Margarita

Quest Software 600 Aliso Viejo

Lucas & Mercier Construction 553 Rancho Santa Margarita

Schnieder Electric 550 Lake Forest

Costco 525 Laguna Niguel

Capistrano Unified School District 509 Laguna Niguel

Qlogic 490 Aliso Viejo

Spectrum Brands HHI 474 Lake Forest

Bal Seal Engineering 447 Lake Forest

St. Margaret's of Scotland School 429 San Juan Capistrano

Nordstrom 409 Mission Viejo

Life Time Fitness 332 Laguna Niguel

Macy's 320 Mission Viejo

Alcon Research 315 Lake Forest

Wal-Mart 315 Lake Forest

Home Depot 307 Lake Forest

Apria Healthcare 307 Lake Forest

Target 300 Mission Viejo

Wal-Mart 294 Laguna Niguel

Costco 294 San Juan Capistrano

City of Mission Viejo 269 Mission Viejo

YMCA 262 Laguna Niguel

Fisherman's Restaurant 260 San Clemente

Renaissance 259 Aliso Viejo

Five Star-Villa Valencia 250 Laguna Hills

Dynacast 250 Lake Forest

Target 247 Rancho Santa Margarita

Laguna Hills Health and Rehab 245 Laguna Hills

Ralphs 243 San Clemente

Pepsi Beverage Company 215 Aliso Viejo

Mercedes Benz of Laguna Niguel 215 Laguna Niguel

Capistrano Unified School District 215 Rancho Santa Margarita

Vocational Visions 211 Mission Viejo

Whole Foods 210 Laguna Niguel

Smith Micro Software 200 Aliso Viejo

Home Depot 200 Laguna Niguel

Wal-Mart 200 San Clemente

Control Components Inc. 200 Rancho Santa Margarita

saleCOMPARABLES

8961 Research Drive, Irvine Spectrum9,900 SF | $363/SF

7/11/16

16451 Scientific, Irvine Spectrum9,900 SF | $398/SF

2/6/17

27412 Aliso Creek, Aliso Viejo12,581 SF | $349/SF

7/8/16

5440 Trabuco Road, Irvine12,000 SF | $370/SF

4/26/17

7

6

2

3

1

2

4


7/7/17

27372 Calle Arroyo, San Juan Capistrano7,297 SF | $357/SF

3/9/17


1/10/17

10 Truman, Irvine5,219 SF | $475/SF

9/12/16

5

36

1

8

4

5

7

6

8


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exclusiveagent

27372 ALISO CREEK ROAD

JEFF CARRSENIOR VICE PRESIDENTJeff Carr began his commercial real estate career in 1991 and was honored as “Rookie of the Year.” Since then, he has received numerous regional and national awards for his exemplary performance and achievements.

Since joining CBRE in 1994, Mr. Carr’s focus has been providing unparalleled service to South Orange County tenants and owners. Mr. Carr has been responsible for 12 build-to-suits, land sales in excess of 200 acres – and other lease or sale transactions totaling over 15 million square feet.

exclusiveAGENT

HONORS AND AWARDS

5-time CBRE National Recognition

8-time winner, Top 10% - So. California Region

6-time winner, Top 10% - Newport Beach Office

10-time winner, Irvine Company Broker of the Year

EDUCATION

University of California, San Diego

Bachelor of Arts, Management Science

JEFF CARR

Senior Vice President+1 949 725 8631

Lic. [email protected]

PRESENTED BY

CBRE © 2017 All Rights Reserved. All information included in this proposal pertaining to CBRE including but not limited to its operations, employees, technology and clients are proprietary and confidential, and are supplied with the understanding that they will be held in confidence and not disclosed to third parties without the prior written consent of CBRE. This letter/proposal is intended solely as a preliminary expression of general intentions and is to be used for discussion purposes only. The parties intend that neither shall have any contractual obligations to the other with respect to the matters referred herein unless and until a definitive agreement has been fully executed and delivered by the parties. The parties agree that this letter/proposal is not intended to create any agreement or obligation by either party to negotiate a definitive lease/purchase and sale agreement and imposes no duty whatsoever on either party to continue negotiations, including without limitation any obligation to negotiate in good faith or in any way other than at arm’s length. Prior to delivery of a definitive executed agreement, and without any liability to the other party, either party may (1) propose different terms from those summarized herein, (2) enter into negotiations with other parties and/or (3) unilaterally terminate all negotiations with the other party hereto.

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. 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.

ALISO VIEJO, CALIFORNIA · 2018-01-29 · Aliso Viejo was originally part of the 22,000-acre...

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Transcript of ALISO VIEJO, CALIFORNIA · 2018-01-29 · Aliso Viejo was originally part of the 22,000-acre...