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.
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
7
A E R I A L M A P
505 W FOOTHILL BLVD.
8
A E R I A L
210
AZUSA METRO STATION
505 W Foothill Boulevard
9
LOCAL MAP
505 W Foothill Boulevard
210
10
REGIONAL MAP
505 W Foothill Boulevard
11
ZONING
505 W Foothill Boulevard
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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15
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.
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DEMOGRAPHICS MAP
505 W Foothill Boulevard
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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
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DOWNTOWN AZUSA AMENITIES MAP
505 W Foothill Boulevard
19
LOCAL AZUSA NEIGHBORHOOD AMENITIES MAP
505 W Foothill Boulevard
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
22
LA REGIONAL MAP — AZUSA
505 W Foothill Boulevard
23
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]
505 W FOOTHILL BLVD.
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