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
PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
SITE PLAN
PROPERTY DESCRIPTION
PROPERTY DETAILS
1PROPERTY INFORMATIONCOLLEGE PARK SHOPPING CENTER
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 4
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
Each Office Independently Owned and Operated kwcommercial.com 5
Site Plan
COLLEGE PARK SHOPPING CENTER 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 6
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
COLLEGE PARK SHOPPING CENTER 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 7
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
COLLEGE PARK SHOPPING CENTER 1 | PROPERTY INFORMATION
LOCATION INFORMATION
2 | LOCATION INFORMATION
ADDITIONAL PHOTOS
LOCATION MAPS
AERIAL MAP
RETAILER MAP
2LOCATION INFORMATIONCOLLEGE PARK SHOPPING CENTER
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 9
Oxnard Map
COLLEGE PARK SHOPPING CENTER 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 10
Location Maps
COLLEGE PARK SHOPPING CENTER 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 11
College Park ShoppingCenter
Aerial Map
COLLEGE PARK SHOPPING CENTER 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 12
Retailer Map
COLLEGE PARK SHOPPING CENTER 2 | LOCATION INFORMATION
FINANCIAL ANALYSIS
3 | FINANCIAL ANALYSIS
FINANCIAL SUMMARY
RENT ROLL
PDF WITH HEADER/FOOTER
TENANT PROFILES
TENANT PROFILES
3FINANCIAL ANALYSISCOLLEGE PARK SHOPPING CENTER
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 14
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
Each Office Independently Owned and Operated kwcommercial.com 15
Rent Roll
COLLEGE PARK SHOPPING CENTER 3 | FINANCIAL ANALYSIS
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
COLLEGE PARK SHOPPING CENTER 3 | FINANCIAL ANALYSIS
Each Office Independently Owned and Operated kwcommercial.com 16
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.
COLLEGE PARK SHOPPING CENTER 3 | FINANCIAL ANALYSIS
Each Office Independently Owned and Operated kwcommercial.com 17
Each Office Independently Owned and Operated kwcommercial.com 18
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
COLLEGE PARK SHOPPING CENTER 3 | FINANCIAL ANALYSIS
Each Office Independently Owned and Operated kwcommercial.com 19
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
COLLEGE PARK SHOPPING CENTER 3 | FINANCIAL ANALYSIS
SALE COMPARABLES
4 | SALE COMPARABLES
PDF WITH HEADER/FOOTER
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
Page 21
4 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 21
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
Days on Market: 281 days
Conditions: Investment Triple Net
Land Area SF: 19,602 SF
Acres: 0.45 AC
$/SF Land Gross: -
Year Built, Age: 2011 Age: 6
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
Building SF: 14,002 SF
Price/SF: $464.22
Pct Office: -
Actual Cap Rate: 6.7%
Corner: No
Zoning: C2PD
Submarket: Oxnard/Port Hueneme
Property Type: Retail
Map Page: -
204-0-060-320 [Partial List]Parcel No:
income expense data Listing Broker
RE/MAX Optima333 E Glenoaks BlvdGlendale, CA 91207(818) 240-6065Andrew Awaida
Buyer Broker
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
Page 44
4 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 22
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
Days on Market: 135 days
Exchange: Yes
Conditions: 1031 Exchange
Land Area SF: 91,040
Acres: 2.09
$/SF Land Gross: $57.05
Year Built, Age: 2006 Age: 11
Parking Spaces: 100
Parking Ratio: 10.4/1000 SF
FAR 0.11
Lot Dimensions: -
Frontage: 191 feet on Santa Rosa Rd (with ...
Comp ID: 3868468
Sale Price: $5,193,668
Status: Allocated
Building SF: 9,614 SF
Price/SF: $540.22
Pro Forma Cap Rate: -
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
Property Type: Retail
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
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
Page 49
4 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 23
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
Sale Date: 4/26/2018
Days on Market: -
Exchange: No
Conditions: -
Land Area SF: 12,693
Acres: 0.29
$/SF Land Gross: $126.05
Year Built, Age: 1985 Age: 33
Parking Spaces: 15
Parking Ratio: 5.5/1000 SF
FAR 0.23
Lot Dimensions: -
Frontage: 145 feet on Ventura Rd (with 1 ...
Comp ID: 4258475
Sale Price: $1,600,000
Status: Full Value
Building SF: 2,901 SF
Price/SF: $551.53
Pro Forma Cap Rate: -
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%
Submarket: Oxnard/Port Hueneme
Property Type: Retail
SingleTenancy:
Parcel No: 205-0-020-465 [Partial List]
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 Manufacturers Bank
Bal/Pmt: $1,200,000
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
Page 51
4 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 24
4900 Verdugo Way
The Plaza at Mission OaksCamarillo, CA 93012
Freestanding Building of 6,582 SF Sold on 3/16/2017 for$2,667,251 - 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
Days on Market: 135 days
Exchange: Yes
Conditions: 1031 Exchange
Land Area SF: 44,867
Acres: 1.03
$/SF Land Gross: $59.45
Year Built, Age: 2006 Age: 11
Parking Spaces: 52
Parking Ratio: 7.9/1000 SF
FAR 0.15
Lot Dimensions: -
Frontage: -
Comp ID: 3868468
Sale Price: $2,667,251
Status: Allocated
Building SF: 6,582 SF
Price/SF: $405.23
Pro Forma Cap Rate: -
Actual Cap Rate: -
Down Pmnt: -
Pct Down: -
Doc No: 036733
Trans Tax: $20,680
Corner: No
Zoning: -
No Tenants: 2
Percent Improved: -
Submarket: Camarillo/Point Mugu
Property Type: Retail
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
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
Page 52
4 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 25
4910-4950 Verdugo Way
The Plaza at Mission OaksCamarillo, CA 93012
Freestanding Building of 18,580 SF Sold on 3/16/2017 for$5,315,729 - 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
Days on Market: 135 days
Exchange: Yes
Conditions: 1031 Exchange
Land Area SF: 85,378
Acres: 1.96
$/SF Land Gross: $62.26
Year Built, Age: 1990 Age: 27
Parking Spaces: 200
Parking Ratio: 5.1/1000 SF
FAR 0.22
Lot Dimensions: -
Frontage: 201 feet on Verdugo 322 feet on ...
Comp ID: 3868468
Sale Price: $5,315,729
Status: Allocated
Building SF: 18,580 SF
Price/SF: $286.10
Pro Forma Cap Rate: -
Actual Cap Rate: -
Down Pmnt: -
Pct Down: -
Doc No: 036733
Trans Tax: $20,680
Corner: No
Zoning: PD, Camarillo
No Tenants: 18
Percent Improved: -
Submarket: Camarillo/Point Mugu
Property Type: Retail
MultiTenancy:
Parcel No: -
Map Page: Thomas Bros. Guide 524-J4
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
prior sale
Date/Doc No:
Sale Price:
CompID:
1/9/2003
$6,675,000
734840
financing
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
Page 54
4 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 26
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
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
Days on Market: 135 days
Exchange: Yes
Conditions: 1031 Exchange
Land Area SF: 59,677
Acres: 1.37
$/SF Land Gross: $94.23
Year Built, Age: 1990 Age: 27
Parking Spaces: 210
Parking Ratio: 5.62/1000 SF
FAR 0.32
Lot Dimensions: -
Frontage: 91 feet on Santa Rosa Rd (with ...
Comp ID: 3868468
Sale Price: $5,623,351
Status: Allocated
Building SF: 18,816 SF
Price/SF: $298.86
Pro Forma Cap Rate: -
Actual Cap Rate: -
Down Pmnt: -
Pct Down: -
Doc No: 036733
Trans Tax: $20,680
Corner: No
Zoning: CPD
No Tenants: 11
Percent Improved: -
Submarket: Camarillo/Point Mugu
Property Type: Retail
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
prior sale
Date/Doc No:
Sale Price:
CompID:
1/9/2003
$6,675,000
734840
financing
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
Page 56
4 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 27
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
Days on Market: 72 days
Exchange: No
Conditions: Investment Triple Net
Land Area SF: 30,000
Acres: 0.69
$/SF Land Gross: $29.41
Year Built, Age: 2003 Age: 14
Parking Spaces: 25
Parking Ratio: 6.85/1000 SF
FAR 0.10
Lot Dimensions: -
Frontage: 202 feet on E Vineyard Ave ...
Comp ID: 3997304
Sale Price: $882,178
Status: Allocated
Building SF: 3,000 SF
Price/SF: $294.06
Pro Forma Cap Rate: -
Actual Cap Rate: -
Down Pmnt: -
Pct Down: -
Doc No: 113616
Trans Tax: $26,950
Corner: No
Zoning: C2PD
No Tenants: 1
Percent Improved: -
Submarket: Oxnard/Port Hueneme
Property Type: Retail
MultiTenancy:
Parcel No: -
Map Page: Thomas Bros. Guide 522-H1
Escrow/Contract: 45 days
income expense data
$1,312,500
Effective Gross Income
- Vacancy Allowance
+ Other Income
Gross Scheduled IncomeIncome
$241,111
$241,111
Total Expenses
- Operating Expenses
- TaxesExpenses
Cash Flow
$1,312,500
- Capital Expenditure
- 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
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
Page 62
4 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 28
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
Sale Date: 4/13/2017
Days on Market: -
Exchange: No
Conditions: -
Land Area SF: 7,658
Acres: 0.18
$/SF Land Gross: $97.60
Year Built, Age: -
Parking Spaces: -
Parking Ratio: -
FAR 0.21
Lot Dimensions: -
Frontage: -
Comp ID: 3894046
Sale Price: $747,435
Status: Allocated
Building SF: 1,635 SF
Price/SF: $457.15
Pro Forma Cap Rate: -
Actual Cap Rate: -
Down Pmnt: -
Pct Down: -
Doc No: 049314
Trans Tax: $7,293
Corner: No
Zoning: C2PD
Percent Improved: -
Submarket: Oxnard/Port Hueneme
Property Type: Specialty
MultiTenancy:
Parcel No: -
Map Page: -
Escrow/Contract: -
income expense data Listing Broker
Buyer Broker
prior sale
Date/Doc No:
Sale Price:
CompID:
9/11/2014
$6,026,000
3123149
financing
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
Page 70
4 | SALE COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 29
RENT COMPARABLES
5 | RENT COMPARABLES
RENT COMPS
RENT COMPS SUMMARY
RENT COMPS MAP
5RENT COMPARABLESCOLLEGE PARK SHOPPING CENTER
Each Office Independently Owned and Operated kwcommercial.com 31
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
$26.40 $SF/yearLease Rate: NNNLease Type:
2,400 SFSpace Size: 1966Year Built:
354,865 SFBldg Size: 0 AcresLot Size:
3
Rent Comps
COLLEGE PARK SHOPPING CENTER 5 | RENT COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 32
4
Pleasant Valley Plaza
125- 309 W Pleasant Valley Rd | Oxnard, CA 93033
$19.80 $SF/yearLease Rate: NNNLease Type:
1,900 SFSpace Size: 1958Year Built:
100,330 SFBldg Size: 0 AcresLot Size:
4
Rent Comps
COLLEGE PARK SHOPPING CENTER 5 | RENT COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 33
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
COLLEGE PARK SHOPPING CENTER 5 | RENT COMPARABLES
Each Office Independently Owned and Operated kwcommercial.com 34
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
COLLEGE PARK SHOPPING CENTER 5 | RENT COMPARABLES
DEMOGRAPHICS
6 | DEMOGRAPHICS
DEMOGRAPHICS MAP
6DEMOGRAPHICSCOLLEGE PARK SHOPPING CENTER
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 36
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
PDF WITH HEADER/FOOTER
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
Each Office Independently Owned and Operated kwcommercial.com 38
______ ;@]
Coastal Architects
_J _J _J _J _J _J _J .........
\ \ \ \
\
\
\ \ \
\ \ \ \
\
\ \
\ \
\
_. __
\ \
SCAI...E:1" - 30.0
\ \
\ \
"''" MARCH22,2017
PROPOSED SITE PLAN
A2
ProposedBldg Site
Potential To Add An Additional 8,000 SF Building
COLLEGE PARK SHOPPING CENTER 7 | ADDITIONAL INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 39
Top Related