College Park Shopping Center - LoopNet...RECYCLER. Building Subtotals: 53,321 ISLAND PACIFIC 23,200...

KW COMMERCIAL

11812 San Vicente Blvd., Suite 100

Los Angeles, CA 90049LINDA KAYETKO, Inc President0: 310.592.2817C: [email protected] DRE #01360815

College Park Shopping Center

OFFERING MEMORANDUM

PRESENTED BY:

4807- 4917 S ROSE AVE, OXNARD, CA

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 2

KW COMMERCIAL

11812 San Vicente Blvd., Suite 100

Los Angeles, CA 90049

Confidentiality & Disclaimer

LINDA KAYETKO, Inc President0: 310.592.2817C: [email protected] DRE# #01360815

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by L.A. Brentwood in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

OXNARD, CA

http://www.kwcommercial.com

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

SITE PLAN

PROPERTY DESCRIPTION

PROPERTY DETAILS

1PROPERTY INFORMATIONCOLLEGE PARK SHOPPING CENTER

OFFERING MEMORANDUM


OFFERING SUMMARY

SALE PRICE: $16,500,000

CAP RATE: 6.15%

LOT SIZE: 5.27 Acres

BUILDING SIZE: 53,321 SF

MARKET: Ventura

SUBMARKET: Oxnard

PRICE / SF: $309.44

YR BUILT: Approximately 1970

PROPERTY OVERVIEWRecession resilient neighborhood shopping center centrally located in rapidlygrowing Oxnard, CA. The 53,321 SF center is 100% leased and anchored by 99Cents Only store and Island Pacific, a regional Filipino market serving the localAsian (predominantly Filipino) population. Other tenants include Metro PCS,College Donuts, Vine Spirit Liquors, Sea Breeze Seafood Market, hair salon, videostore, laundromat and more.

Located at signalized corner of Rose Ave and East Pleasant Valley Rd, two majorOxnard streets with over 40,000 vehicles per day. The property is located less thana mile from the Oxnard City College and in close proximity to Port Hueneme, theonly commercial deep water port between San Francisco and Los Angeles, andthe Port Hueneme Naval Base. Oxnard is also home to a major transportation hubfor Amtrak, Greyhound, Union Pacific and Metrolink.

PROPERTY HIGHLIGHTS• Strong anchor tenants driving traffic to center; 99 Cents only and Island Pacific

Supermarket

• 100% Leased

• Signalized corner location with 40,000 vehicles per day

• 5.47 Parking Ratio

Executive Summary

COLLEGE PARK SHOPPING CENTER 1 | PROPERTY INFORMATION



Site Plan




PROPERTY OVERVIEW

53,321 SF neighborhood retail center anchored by recessionresilient 99 Cents Only Store. The go-to extreme value retailer foreverything from groceries, fresh produce, cleaning products, homesupplies, to seasonal decorations and pet supplies.

The center is also anchored by Island Pacific Seafood Market, aregional retailer specializing in high quality Filipino and Asianfoods. The center caters primarily to the Filipino population inOxnard and strives to put Filipino cooking on the map by offeringhigh quality ingredients to the local residents. Since opening thefirst store in 2000, Pacific Island now has expanded to 15 stores inCalifornia and Nevada.

Other tenants include Island Pacific Seafood, College Donuts, ElChapo Meat Market, Sea Breeze Seafood Market, Cali Cutz BarberShop, Watermill, Royal Laundry Laundromat, Vine Spirits Liquors,Tobacco Store, and Casa Blanca Flowers.

The center is located on a 229,400 SF lot with 293 parking spaces(parking ratio 5.47/1000 SF). Upside potential by renovating thecenter and attracting new tenants at potentially higher rates.

LOCATION OVERVIEW

The property is located at the signalized intersection of Rose Aveand East Pleasant Valley Road, two major streets in the City ofOxnard, only 60 miles northwest of Downtown Los Angeles, and35 miles south of Santa Barbara with over 40,000 vehicles drivingby the center daily.

The center is located less than a mile from Oxnard City College, afully accredited public community college since 1975, with over7,000 students enrolled and over 350 employees. Less than twomiles away is the Port of Hueneme, the only deepwater portbetween Los Angeles and San Francisco, with a niche market forautos, fresh produce, general cargo, bulk liquids and fish. Close byis also Point Hueneme Naval Base, Cal State University ChannelIsland, and Point Mugu Air Base.

Property Description




SALE PRICE $16,500,000

LOCATION INFORMATION

Building Name College Park Shopping Center

Street Address 4751 S Rose Ave

City, State, Zip Oxnard, CA 93033

County/Township Ventura

Market Ventura

Submarket Oxnard

Cross Streets Rose Ave & East Pleasant Valley Road

BUILDING INFORMATION

Building Size 53,321 SF

NOI $1,014,960.00

Cap Rate 6.15%

Price / SF $309.00

Year Built 1973

Last Renovated 2014

Occupancy % 98%

Tenancy Multiple

Number Of Floors 1

Load Factor 1/1

PROPERTY DETAILS

Property Type Retail

Property Subtype Neighborhood Center

Zoning C4

Lot Size 5.27 Acres

APN# 224-0-020-285

Submarket Oxnard

Property Details



LOCATION INFORMATION

2 | LOCATION INFORMATION

ADDITIONAL PHOTOS

LOCATION MAPS

AERIAL MAP

RETAILER MAP

2LOCATION INFORMATIONCOLLEGE PARK SHOPPING CENTER

OFFERING MEMORANDUM


Oxnard Map

COLLEGE PARK SHOPPING CENTER 2 | LOCATION INFORMATION



Location Maps




College Park ShoppingCenter

Aerial Map




Retailer Map



FINANCIAL ANALYSIS

3 | FINANCIAL ANALYSIS

FINANCIAL SUMMARY

RENT ROLL

PDF WITH HEADER/FOOTER

TENANT PROFILES

TENANT PROFILES

3FINANCIAL ANALYSISCOLLEGE PARK SHOPPING CENTER

OFFERING MEMORANDUM


INVESTMENT OVERVIEW COLLEGE PARK OXNARD

Price $16,500,000

Price per SF $309.44

CAP Rate 6.16%

Cash-on-Cash Return (yr 1) 8.11%

Total Return (yr 1) $5

Debt Coverage Ratio 1.63

OPERATING DATA COLLEGE PARK OXNARD

Gross Scheduled Income $1,014,960

Other Income $276,644

Total Scheduled Income $1,290,624

Gross Income $1,014,960

Operating Expenses $276,644

Net Operating Income $1,014,960

Pre-Tax Cash Flow $572,434

FINANCING DATA COLLEGE PARK OXNARD

Down Payment $8,250,000

Loan Amount $8,250,000

Debt Service $444,544

Debt Service Monthly $37,046

Principal Reduction (yr 1) $210,218

Financial Summary

COLLEGE PARK SHOPPING CENTER 3 | FINANCIAL ANALYSIS



Rent Roll



NET RENT

Space GMMRGMMR/Sq Ft

EEIPer Month

Term(Yrs)

Term StartDate

ExpDate INCREAS

E

SecurityDeposit

Remain.Options

4749 8250.00 5.50 750.00 3 8/1/2019 7/30/2022 5% 1 (3)4751 3250.00 2.17 500.00 5 4/1/2018 3/31/2023 5% 5000 1 (5)4753 3300.00 2.20 400.00 10 10/1/2017 9/30/2027 3.40%

4755 A /B 4944.00 2.06 960.00 10 10/1/2017 9/30/20274757 $2,300.00 1.65 300.00 MTM 10/1/2008 N/A 04811 $2,866.00 2.39 611.00 10 1/1/2012 12/31/2022 3%4815 $6,490.00 2.70 792.00 10 1/1/2018 12/31/2028 4.50% 1 (5)4833 $34,800.00 1.27 12,418.67 10 1/1/2012 12/31/20214861 $3,200.00 2.12 300.00 5 1 (5)

4861-A $3,050.00 2.03 450.00 5 4/1/2018 3/31/20234917 $8,374.00 0.55 5,572.00 20 7/31/2011 6/30/1931

KIOSK-A $1,400.00 3 9/1/2019 8/31/2022KOISK-B WATERMILL EXP 0 $625.00 5 7/1/2017 6/30/2022KIOSK-C 1,900.00 5

$84,749.00 MONTHLY INCOME

23,053.67 MONTHLY CAM

1,016,988.00$ YEARLY INCOME

276,644.04 YEARLY CAM

COLLEGE PARK SHOPPING CENTER4807-4917 SOUTH ROSE

Rent Roll October 2019

Trade NameBldg.Sq Ft

OXNARD MEDICAL 1500HAIR SALON 1500ROYAL LAUNDRY 1,500MEAT MARKET 2,400VIEW TO A VIDEO 1,390COLLEGE DONUTS 1,200VINE SPIRIT 2,400

RECYCLERBuilding Subtotals: 53,321

ISLAND PACIFIC 23,200SEA BREEZE 1,506

TOBACCO STORE 1,50099 CENT ONLY 15,225

SHOE BARREL 0

53,321




Linda KayeCommercial DirectorTel. 310.592.2817 Download OM:[email protected] https://buildout.com/website/CollegePark

SUMMARY PROPOSED FINANCINGPurchase Price: $8,250,000Down Payment: 50% 3.50%Number of Tenants: 5 Years FixedScheduled Gross Income 25Expenses 30Net Operating Income * Rabo BankCapitalization Rate (on actuals) Other Terms: N/AApprox. Building SF:Cost per Building SF:Approx. Lot SF:Year Built:Cash on Cash

ANNUAL OPERATING DATA HIGHLIGHTSScheduled Gross Income: $1,290,624 Property $0 0.00% * * Stabilized neighborhood center with strong anchors driving trafficGross Operating Income: $1,290,624 * Anchored by 99 Cents Only and Pacific Island Supermarket Less Expenses: $273,636 21.20% * * 6.11 CAP on actualsNet Operating Income: $1,016,988 6.2% * Recession resilient tenant mix, 100% leasedLess Debt Service: ($444,554)Cash Flow: $572,434 6.94% ** LocationPlus Principal Reduction: $210,218 * Signalized corner of Rose Ave & East Pleasant Valley RdTotal Return Before Taxes: $782,652 9.49% ** * Over 40,000 vehicles per day * As a percentage of SGI. **As a percentage of Down Pmt. * Dense urban area has high barrier of entry to competition

SCHEDULED INCOME ESTIMATED ANNUAL EXPENSESNo. Approx. Monthly Tax Year 2018

of Units Tenant Sq.Ft. Rent/ SF4749 Medical Group 1,500 $5.50 Common Area Utilities $5,0004751 Hair Salon 1,500 $2.17 Back Flow $6004753 Royal Laundry 1,500 $2.20 Fire Alarm $1,800

4755 A/B Meat Market 2,400 $2.06 Day Porter Cleaning $18,4004757 View To A Video 1,390 $1.65 Landscape $12,0004811 College Donuts 1,200 $2.39 Property Maintenance $3,7504815 Vine Spirit 2,400 $2.70 Maintenance Supply $7,3294833 Island Pacfic 23,200 $1.50 Sign Maintenance $1,0904861 Sea Breeze 1,506 $2.12 Landscape Tree Pruning $7,200

4861- A Tobacco Store 1,500 $2.03 Roof Maintenance $5,0004917 99 Cents Only 15,225 $0.55 Legal Fees $1,800

Kiosk A Shoe Barrel Security $28,000Kiosk B Watermill EXP Parking Lot Repairs $12,000Kiosk C Recycler Parking Lot Reserves $4,000

Property Management $48,000Monthly Scheduled Rent: Insurance $12,000Annual Rent: Real Estate Taxes $102,667

CAM Income: Fire & Safety $600HVAC Repairs $2,400

Annual SGI:Total Expenses: $273,636Per Gross Sq. Ft.: $5.13

Lease Type: NNN

$8,250,000 Interest:

College Park Shopping Center, Oxnard CA

CURRENT$16,500,000 Loan:

14 Interest Type:$1,290,624 Term (Yrs.):($273,636) Amortization (Yrs.):

$3,250

$1,016,9886.16%53,321

$309.455.27 AC

19738.11%

CURRENT

CURRENTMonthlyIncome$8,250

$1,900

$3,300$4,944$2,300$2,866$6,490

$34,800$3,200$3,050$8,374$1,400$625

$84,749$1,016,988$273,636

$1,290,624

This information is secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to its accuracy. All references are approximate. Buyer must verify all information and bears all risk for any inaccuracies.





OVERVIEW

Company: 99 Cents Only Stores LLC

Year Founded: 1982

Headquarters: Commerce, CA

Website: Www.99only.com

No. Of Locations: 391

TENANT HIGHLIGHTS

• Leading extreme value store in California and Southwestern US

• Locations in 4 States

• Over 17,000 employees

• Long term, 20 year lease

99 Cents Only Stores is a premier discount retailer carrying name-brands and general merchandise. Customers can choose from awide selection of quality products, everyday household items,basic grocery items, fresh produce to seasonal products includingdecorations and gifts all at highly discounted prices.

Today 99 Cent Stores has over 390 locations spread over fourstates, California, Nevada, Arizona and Texas. Distribution centersare located in California and Texas. 99 Cents Only Stores is theleading operator for extreme value stores in California andSouthwestern US.

99 Cents Only was founded in 1982 by Dave Gold. In 2012, 99Cents Only was sold to Ares Investments and the CanadianPension Plan Investment Board for $1.6 Billion. The Gold familytook a step back in 2013, and current CEO is Jack Sinclair.

Since 99 Cents Only opened at College Park in 2011 there's beenan increase in customers visiting the center. The store has a longterm, 20 year lease, that started in July 2011.

99 CENTS ONLY- THE EXTREME VALUE STORE

99 Cents Only




OVERVIEW

Company: Island Pacific Supermarket

Year Founded: 2000

Headquarter: Walnut, CA

Website: Www.islandpacificmarket.com

No. Of Locations: 15

TENANT HIGHLIGHTS

• Stores in California and Nevada

• High quality fresh seafood, meets and Filipino take-out

• Median household income in Asian households is over $88,000

in Oxnard

• Large Filipino population in Oxnard

• Long term, 10 year lease

Island Pacific is a Filipino supermarket primarily serving the Filipinocommunity and aspires to promote Filipino food to the rest of theworld. Pacific Island offers high quality Filipino and Asian groceryitems, as well as authentic fast food Filipino take-out. The Oxnardlocation carries high quality fresh seafood, meets, fresh produceand other Filipino specialties.

Pacific Island first opened in Panorama City, CA in 2000, and hasexpanded to 15 stores in California and Nevada. The store openedat the Oxnard location in 2012.

ISLAND PACIFIC - HIGH QUALITY ASIAN & FILIPINO MARKET

Pacific Island Supermarket targets primarily the Filipino and Asianmarket in Oxnard.

Oxnard has a higher than average population of Asians as 7.6% ofthe over 210,000 inhabitants are Asian. Of the Asian populationabout two thirds are Filipino according the US Census Bureau.

The median household income in Asian households in Oxnard was$88,598 in 2017, an increase of 9.31% from 2016 , and over 30%over the median household income in Oxnard.

ASIAN POPULATION IN OXNARD

Island Pacific Supermarket



SALE COMPARABLES

4 | SALE COMPARABLES


4SALE COMPARABLESCOLLEGE PARK SHOPPING CENTER

OFFERING MEMORANDUM

1341-1361 W Channel Islands Blvd

Port PlaceOxnard, CA 93033

Retail Building of 67,500 SF Sold on 3/9/2018 for $22,500,000 -Research Complete

buyer

Zul A. Amat528 Amapola AveTorrance, CA 90501(310) 519-8200

Red Mountain Retail Group, Inc.1234 E 17th StSanta Ana, CA 92701(714) 245-7400

seller

vital data

Sale Date: 3/9/2018

Days on Market: 182 days

Exchange: Yes

Conditions: 1031 Exchange

Land Area SF: 174,240

Acres: 4

$/SF Land Gross: $129.13

Year Built, Age: 1970 Age: 48

Parking Spaces: -

Parking Ratio: -

FAR 0.39

Lot Dimensions: -

Frontage: -

Comp ID: 4187709

Sale Price: $22,500,000

Status: Confirmed

Building SF: 67,500 SF

Price/SF: $333.33

Pro Forma Cap Rate: -

Actual Cap Rate: -

Down Pmnt: $7,750,000

Pct Down: 34.4%

Doc No: 027746

Trans Tax: $24,750

Corner: No

Zoning: C2PD

No Tenants: 2

Percent Improved: 50.6%

Submarket: Oxnard/Port Hueneme

Property Type: Retail

MultiTenancy:

Parcel No: 205-0-020-455

Map Page: -

Escrow/Contract: -

income expense data Listing Broker

Newmark Knight Frank700 S Flower StLos Angeles, CA 90017(213) 596-2222Kyle Miller, William Bauman

Buyer Broker

prior sale

Date/Doc No:

Sale Price:

CompID:

11/10/2015

$16,325,000

3446650

financing

1st Benefit Street Partners Realty Trust, Inc.

Bal/Pmt: $14,750,000

KW Commercial is not responsible for the validity of the information contained herein.Copyrighted report licensed to Keller Williams - L.A. Brentwood - 193069.

11/27/2018




1117-1137 S Oxnard Blvd

Five Points CenterOxnard, CA 93033

14,002 SF Retail Storefront Retail/Office Building Built in Dec2011Property is for sale at $6,500,000 ($464.22/SF)

buyer

For Sale

-

seller

vital data


Conditions: Investment Triple Net

Land Area SF: 19,602 SF

Acres: 0.45 AC

$/SF Land Gross: -


Parking Spaces: 25

Parking Ratio: 1.79/1000 SF

FAR 0.71

Lot Dimensions: -

Frontage: 204 feet on Oxnard Blvd 169 ...

Asking Price: $6,500,000

Status: For Sale


Price/SF: $464.22

Pct Office: -

Actual Cap Rate: 6.7%

Corner: No

Zoning: C2PD



Map Page: -

204-0-060-320 [Partial List]Parcel No:


RE/MAX Optima333 E Glenoaks BlvdGlendale, CA 91207(818) 240-6065Andrew Awaida

Buyer Broker


11/27/2018

Page 44




4850 Santa Rosa Rd

The Plaza at Mission OaksCamarillo, CA 93012

Freestanding Building of 9,614 SF Sold on 3/16/2017 for$5,193,668 - Research Complete (Part of Multi-Property)

buyer

Yousuf A. Tar617 Georgina AveSanta Monica, CA 90402(310) 573-1111

Donahue Schriber Commercial Real Estatec/o Jack Steinhauer200 E Baker StCosta Mesa, CA 92626(714) 545-1400

seller

vital data

Sale Date: 3/16/2017


Exchange: Yes



Acres: 2.09



Parking Spaces: 100


FAR 0.11

Lot Dimensions: -

Frontage: 191 feet on Santa Rosa Rd (with ...

Comp ID: 3868468

Sale Price: $5,193,668

Status: Allocated


Price/SF: $540.22


Actual Cap Rate: -

Down Pmnt: -

Pct Down: -

Doc No: 036733

Trans Tax: $20,680

Corner: No

Zoning: CPD

No Tenants: 2

Percent Improved: -

Submarket: Camarillo/Point Mugu


MultiTenancy:

Parcel No: -

Map Page: -

Escrow/Contract: 6 days

income expense data

$1,874,889

Effective Gross Income

- Vacancy Allowance

+ Other Income

Gross Scheduled IncomeEstimated Income

$497,180

$372,112

$125,068

Total Expenses

- Operating Expenses

- TaxesExpenses

Cash Flow

$1,377,709

- Capital Expenditure

- Debt Service

Net Operating IncomeEstimated Net Income

Listing Broker

Matthews Real Estate Investment Services841 Apollo StEl Segundo, CA 90245(866) 889-0550El Warner, Kyle Matthews, Lindsay Tsumpes

Buyer Broker

No Buyer Broker on Deal

financing


11/27/2018

Page 49




2500 S Ventura Rd

Burger King - Port PlaceOxnard, CA 93033

Fast Food Building of 2,901 SF Sold on 4/26/2018 for$1,600,000 - Research Complete

buyer

J & F Design Inc5556-5578 Bandini BlvdBell, CA 90201(323) 526-4444

Michael H Mugel1234 E 17th StSanta Ana, CA 92701(714) 245-7400

seller

vital data


Days on Market: -

Exchange: No

Conditions: -


Acres: 0.29



Parking Spaces: 15


FAR 0.23

Lot Dimensions: -

Frontage: 145 feet on Ventura Rd (with 1 ...

Comp ID: 4258475


Status: Full Value


Price/SF: $551.53


Actual Cap Rate: -

Down Pmnt: $400,000

Pct Down: 25.0%

Doc No: 047849

Trans Tax: $1,760

Corner: No

Zoning: C2PD, Oxnard

No Tenants: 1

Percent Improved: 55.0%



SingleTenancy:

Parcel No: 205-0-020-465 [Partial List]

Map Page: -

Escrow/Contract: -


Newmark Knight Frank700 S Flower StLos Angeles, CA 90017(213) 596-2222Kyle Miller, William Bauman

Buyer Broker

prior sale

Date/Doc No:

Sale Price:

CompID:

11/10/2015

$16,325,000

3446650

financing

1st Manufacturers Bank

Bal/Pmt: $1,200,000


11/27/2018

Page 51




4900 Verdugo Way



buyer



seller

vital data



Exchange: Yes



Acres: 1.03



Parking Spaces: 52


FAR 0.15

Lot Dimensions: -

Frontage: -

Comp ID: 3868468


Status: Allocated


Price/SF: $405.23


Actual Cap Rate: -

Down Pmnt: -

Pct Down: -

Doc No: 036733

Trans Tax: $20,680

Corner: No

Zoning: -

No Tenants: 2

Percent Improved: -



MultiTenancy:

Parcel No: -

Map Page: -


income expense data

$1,874,889


- Vacancy Allowance

+ Other Income


$497,180

$372,112

$125,068

Total Expenses


- TaxesExpenses

Cash Flow

$1,377,709


- Debt Service


Listing Broker


Buyer Broker


financing


11/27/2018

Page 52




4910-4950 Verdugo Way



buyer



seller

vital data



Exchange: Yes



Acres: 1.96



Parking Spaces: 200


FAR 0.22

Lot Dimensions: -

Frontage: 201 feet on Verdugo 322 feet on ...

Comp ID: 3868468


Status: Allocated


Price/SF: $286.10


Actual Cap Rate: -

Down Pmnt: -

Pct Down: -

Doc No: 036733

Trans Tax: $20,680

Corner: No

Zoning: PD, Camarillo

No Tenants: 18

Percent Improved: -



MultiTenancy:

Parcel No: -

Map Page: Thomas Bros. Guide 524-J4


income expense data

$1,874,889


- Vacancy Allowance

+ Other Income


$497,180

$372,112

$125,068

Total Expenses


- TaxesExpenses

Cash Flow

$1,377,709


- Debt Service


Listing Broker


Buyer Broker


prior sale

Date/Doc No:

Sale Price:

CompID:

1/9/2003

$6,675,000

734840

financing


11/27/2018

Page 54




4952-4994 Verdugo Way

Plaza at Mission Oaks - The Plaza at Mission OaksCamarillo, CA 93012

Freestanding (Neighborhood Center) Building of 18,816 SFSold on 3/16/2017 for $5,623,351 - Research Complete (Part ofMulti-Property)

buyer



seller

vital data



Exchange: Yes



Acres: 1.37



Parking Spaces: 210


FAR 0.32

Lot Dimensions: -

Frontage: 91 feet on Santa Rosa Rd (with ...

Comp ID: 3868468


Status: Allocated


Price/SF: $298.86


Actual Cap Rate: -

Down Pmnt: -

Pct Down: -

Doc No: 036733

Trans Tax: $20,680

Corner: No

Zoning: CPD

No Tenants: 11

Percent Improved: -



MultiTenancy:

Parcel No: -

Map Page: -


income expense data

$1,874,889


- Vacancy Allowance

+ Other Income


$497,180

$372,112

$125,068

Total Expenses


- TaxesExpenses

Cash Flow

$1,377,709


- Debt Service


Listing Broker


Buyer Broker


prior sale

Date/Doc No:

Sale Price:

CompID:

1/9/2003

$6,675,000

734840

financing


11/27/2018

Page 56




2580 E Vineyard Ave

Jack-in-the-Box - Oxnard VineyardsOxnard, CA 93036

Fast Food Building of 3,000 SF Sold on 9/1/2017 for $882,178 -Research Complete (Part of Multi-Property)

buyer

Elizabeth Gonzalez10147 San Fernando RdPacoima, CA 91331(818) 485-0596

Loja Real Estate LLCc/o Scott Kyman1333 N California BlvdWalnut Creek, CA 94596(925) 935-4405

seller

vital data

Sale Date: 9/1/2017


Exchange: No

Conditions: Investment Triple Net


Acres: 0.69



Parking Spaces: 25


FAR 0.10

Lot Dimensions: -

Frontage: 202 feet on E Vineyard Ave ...

Comp ID: 3997304

Sale Price: $882,178

Status: Allocated


Price/SF: $294.06


Actual Cap Rate: -

Down Pmnt: -

Pct Down: -

Doc No: 113616

Trans Tax: $26,950

Corner: No

Zoning: C2PD

No Tenants: 1

Percent Improved: -



MultiTenancy:

Parcel No: -

Map Page: Thomas Bros. Guide 522-H1


income expense data

$1,312,500


- Vacancy Allowance

+ Other Income

Gross Scheduled IncomeIncome

$241,111

$241,111

Total Expenses


- TaxesExpenses

Cash Flow

$1,312,500


- Debt Service

Net Operating IncomeNet Income

Listing Broker

CBRE1840 Century Park ELos Angeles, CA 90067(310) 550-2500Brad Baskin, Orbell Ovaness, Artin Sepanian

Buyer Broker

Cal-Prime Realty Real Property Solutions, Inc.601 S Figueroa StLos Angeles, CA 90017(661) 209-1102Joe Nunez

prior sale

Date/Doc No:

Sale Price:

CompID:

9/15/2014

$20,000,000

3122701

financing


11/27/2018

Page 62




2891 E Vineyard Ave

Oxnard, CA 93036

Car Wash Building of 1,635 SF Sold on 4/13/2017 for $747,435 -Research Complete (Part of Multi-Property)

buyer

Platinum Energyc/o Kristen Brown29501 Canwood StAgoura Hills, CA 91301(818) 206-5700

Spirit Realty Capital2727 N Harwood StDallas, TX 75201(972) 476-1900

seller

vital data


Days on Market: -

Exchange: No

Conditions: -

Land Area SF: 7,658

Acres: 0.18


Year Built, Age: -

Parking Spaces: -

Parking Ratio: -

FAR 0.21

Lot Dimensions: -

Frontage: -

Comp ID: 3894046

Sale Price: $747,435

Status: Allocated


Price/SF: $457.15


Actual Cap Rate: -

Down Pmnt: -

Pct Down: -

Doc No: 049314

Trans Tax: $7,293

Corner: No

Zoning: C2PD

Percent Improved: -


Property Type: Specialty

MultiTenancy:

Parcel No: -

Map Page: -

Escrow/Contract: -


Buyer Broker

prior sale

Date/Doc No:

Sale Price:

CompID:

9/11/2014

$6,026,000

3123149

financing


11/27/2018

Page 70




RENT COMPARABLES

5 | RENT COMPARABLES

RENT COMPS

RENT COMPS SUMMARY

RENT COMPS MAP

5RENT COMPARABLESCOLLEGE PARK SHOPPING CENTER


Subject Property

4751 S Rose Ave | Oxnard, CA 93033

N/ALease Rate: 0 SFSpace Size:

1973Year Built: 5.27 AcresLot Size:

14No. Units:

Neighborhood center anchored by 99¢ Only and Island Pacific Supermarket.

1

Island Plaza

2532- 2824 Saviers Rd | Oxnard, CA 93033

$21.00 $SF/yearLease Rate: 3,200 SFSpace Size:

1958Year Built: 156,051 SFBldg Size:

0 AcresLot Size:

1

2

Centerpoint Mall Oxnard

2401- 2699 Saviers Rd | Oxnard , CA 93033

$18.00 $SF/yearLease Rate: NNNLease Type:

20,970 SFSpace Size: 1966Year Built:

354,865 SFBldg Size: 0 AcresLot Size:

2

3

Centerpoint Mall

2401 - 2699 Saviers Rd | Oxnard, CA 93033




3

Rent Comps

COLLEGE PARK SHOPPING CENTER 5 | RENT COMPARABLES



4

Pleasant Valley Plaza

125- 309 W Pleasant Valley Rd | Oxnard, CA 93033




4

Rent Comps




1

2

3

4

SUBJECT PROPERTY PRICE AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

College Park Shopping Center4751 S Rose AveOxnard, CA 93033

N/A 0 SF 53,321 SF 14 98.0%

RENT COMPS PRICE AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

Island Plaza2532- 2824 Saviers RdOxnard, CA 93033

$21.00 $SF/year 3,200 SF 156,051 SF - -

Centerpoint Mall Oxnard2401- 2699 Saviers RdOxnard , CA 93033

$18.00 $SF/year 20,970 SF 354,865 SF - -

Centerpoint Mall2401 - 2699 Saviers RdOxnard, CA 93033

$26.40 $SF/year 2,400 SF 354,865 SF - -

Pleasant Valley Plaza125- 309 W Pleasant Valley RdOxnard, CA 93033

$19.80 $SF/year 1,900 SF 100,330 SF - -

PRICE AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

Totals/Averages $21.30 7,118 SF 241,528 SF 0 0%

Rent Comps Summary




4751 S Rose Ave | Oxnard, CA 93033SUBJECT PROPERTY

12532- 2824 Saviers RdOxnard, CA 93033

ISLAND PLAZA 22401- 2699 Saviers RdOxnard , CA 93033

CENTERPOINT MALL OXNARD

32401 - 2699 Saviers RdOxnard, CA 93033

CENTERPOINT MALL 4125- 309 W Pleasant Valley RdOxnard, CA 93033

PLEASANT VALLEY PLAZA

Rent Comps Map



DEMOGRAPHICS

6 | DEMOGRAPHICS

DEMOGRAPHICS MAP

6DEMOGRAPHICSCOLLEGE PARK SHOPPING CENTER

OFFERING MEMORANDUM


POPULATION 1 MILE 3 MILES 12 MILES

Total population 17,719 113,058 445,929

Median age 31.5 30.0 34.3

Median age (male) 28.7 29.1 33.3

Median age (Female) 33.8 30.7 35.4

HOUSEHOLDS & INCOME 1 MILE 3 MILES 12 MILES

Total households 4,417 27,565 138,270

# of persons per HH 4.0 4.1 3.2

Average HH income $63,911 $60,159 $80,407

Average house value $276,319 $404,266 $543,776

* Demographic data derived from 2010 US Census

Demographics Map

COLLEGE PARK SHOPPING CENTER 6 | DEMOGRAPHICS


ADDITIONAL INFORMATION

7 | ADDITIONAL INFORMATION


7ADDITIONAL INFORMATIONCOLLEGE PARK SHOPPING CENTER

OFFERING MEMORANDUM

Existing Site\

Potential To Add An Additional 8,000 SF Building

COLLEGE PARK SHOPPING CENTER 7 | ADDITIONAL INFORMATION



______ ;@]

Coastal Architects

_J _J _J _J _J _J _J .........

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SCAI...E:1" - 30.0

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"''" MARCH22,2017

PROPOSED SITE PLAN

A2

ProposedBldg Site

Potential To Add An Additional 8,000 SF Building

COLLEGE PARK SHOPPING CENTER 7 | ADDITIONAL INFORMATION



College Park Shopping Center - LoopNet...RECYCLER. Building Subtotals: 53,321 ISLAND PACIFIC 23,200...

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Transcript of College Park Shopping Center - LoopNet...RECYCLER. Building Subtotals: 53,321 ISLAND PACIFIC 23,200...