Offering Memorandum
FULLERTON REDEVELOPMENT OPPORTUNITY201 West Orangethorpe Avenue • Fullerton, CA 92832
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and
should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified
information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the
future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or
asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any
tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable;
however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters
and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of
the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name
is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or
commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
FULLERTON REDEVELOPMENT OPPORTUNITY
Fullerton, CA
ACT ID ZAA0140053
2
Listing Broker Contacts:
Andrew Kim Einar Roden(213) 943-1894 (213) 943-1866Lic. CA 01947008 Lic. CA 01187703
Investment Advisors
FULLERTON REDEVELOPMENT OPPORTUNITY
3
INVESTMENT
OVERVIEW
OFFERING SUMMARY
Price $3,800,000
Down Payment 100% / $3,800,000
Loan Type All Cash
Lot Size (SF) 35,937
Price/SF $105.74
Lot Size (Acres) 0.82 acre(s)
Price/Acre $4,606,061
Type of Ownership Fee Simple
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EXECUTIVE SUMMARY
OFFERING SUMMARY
#
FULLERTON REDEVELOPMENT OPPORTUNITY
4
FULLERTON REDEVELOPMENT OPPORTUNITY
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OFFERING SUMMARY
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES *
Disney 4,327
Northgate Market 4,002
Social Services Agency 4,000
Alstyle Apparel LLC 3,765
St Jude Hospital 2,582
St Jude Medical Ctr Purch Dept 2,500
Medieval Times Entrmt Inc 1,916
Alstyle AP & Activewear MGT Co 1,800
Kirkhill-Ta Co 1,650
McDonalds 1,550
Walmart 1,454
White Lodging Services Corp 1,319
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2017 Estimate Pop 33,617 256,711 636,592
2010 Census Pop 31,105 239,020 597,403
2017 Estimate HH 9,770 73,554 192,481
2010 Census HH 8,972 68,051 179,409
Median HH Income $50,347 $59,463 $63,086
Per Capita Income $20,287 $23,931 $26,376
Average HH Income $68,577 $82,340 $86,434
* # of Employees based on 5 mile radius
FULLERTON REDEVELOPMENT OPPORTUNITY
OFFERING SUMMARY
▪ Best Shopping Area in Fullerton
▪ Entitlements for Four-Story Building
▪ Large 35,937 Square Feet Lot
▪ Vacant Building has 6.882 Square Feet
▪ Property is Sold "As-Is"
▪ Interior Shown with Accepted Offer
INVESTMENT HIGHLIGHTS
Marcus & Millichap is pleased to present 201 West Orangethorpe Avenue in Fullerton, California. This large parcel consists of approximately 35,937 square feet (0.825
acres) with C-2 zoning. This offering includes approved plans for construction of a four-story, 12,184 square foot, mixed-use building with restaurant space on the ground
floor and office space on floors two-four. There will be 67 surface parking spaces provided with this project.
201 West Orangethorpe Avenue has an exceptional location in the premier shopping section of Fullerton and is within walking distance to Costco, Target, Best Buy,
Marshalls, Michaels, banks, schools, and a variety of restaurants. It's only minutes away from the Fullerton Metro Station and Fullerton College. Strong demographics
include a population of 252,908 within a three-mile radius and average annual household income of $82,340. Traffic counts along West Orangethorpe Ave are
approximately 26,000 cars per day.
INVESTMENT OVERVIEW
5
FULLERTON REDEVELOPMENT OPPORTUNITY
PROPERTY SUMMARY
OFFERING SUMMARY
THE OFFERING
Property Fullerton Redevelopment Opportunity
Price $3,800,000
Property Address 201 W Orangethorpe Ave, Fullerton, CA
SITE DESCRIPTION
Lot Size (SF) 35,937
Price/SF $105.74
Lot Size (Acres) 0.8200
Price/Acre $4,606,061
Type of Ownership Fee Simple
6
#
LOCATION OVERVIEW
CLOSE PROXIMITY TO:
201 West Orangethorpe Avenue Fullerton, CA 92832
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMEFULLERTON REDEVELOPMENT OPPORTUNITY
PRICING AND VALUATION MATRIX
PROPERTY NAMEFULLERTON REDEVELOPMENT OPPORTUNITY
LOCATION OVERVIEW
7
Marcus & Millichap closes
more transactions than any other
brokerage firm.
12
FULLERTON REDEVELOPMENT OPPORTUNITY
8
PROPERTY PHOTO
12
FULLERTON REDEVELOPMENT OPPORTUNITY
9
PROPERTY PHOTO
AERIAL PHOTO
FULLERTON REDEVELOPMENT OPPORTUNITY
10
FULLERTON REDEVELOPMENT OPPORTUNITY
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MARKET
COMPARABLES
FULLERTON REDEVELOPMENT OPPORTUNITY
SALES COMPARABLES MAP
12
FULLERTON REDEVELOPMENT
OPPORTUNITY
(SUBJECT)
600 W Commonwealth Ave
336 E Santa Fe Ave
200 N Lemon St
455 W Bastanchury Rd
La Palma Village
Assemblage
SALES COMPARABLES
1
2
3
4
5
13
PROPERTY NAMEFULLERTON REDEVELOPMENT OPPORTUNITY
SALES COMPARABLES
Avg. $74.14
$0.00
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
$140.00
$160.00
$180.00
$200.00
201 WOrangethorpe
Ave
600 WCommonwealth
Ave
336 E SantaFe Ave
200N Lemon St
455 WBastanchury
Rd
La PalmaVillage
Assemblage
Average Price Per Square Foot
Avg. $3,229,504
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
$5,000,000
201 WOrangethorpe
Ave
600 WCommonwealth
Ave
336 E SantaFe Ave
200N Lemon St
455 WBastanchury
Rd
La PalmaVillage
Assemblage
Average Price Per Acre
SALES COMPARABLES SALES COMPS AVG
PROPERTY NAME
MARKETING TEAM
FULLERTON REDEVELOPMENT OPPORTUNITY
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
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SALES COMPARABLES
Asking Price $3,800,000
Down Payment $3,800,000
Down Payment % 100%
Price/SF $105.74
Lot Size (Acres) 0.82 acre(s)
Price/Acre $4,606,061
201 W ORANGETHORPE AVE201 W Orangethorpe Ave, Fullerton, CA, 92832
ENTITLED: YES | PERMIT READY: YES
1
Close of Escrow 7/31/2018
Sales Price $19,770,000
Zoning C-H Fullerton
Price/SF $94.75
Lot Size (Acres) 4.79
Price/Acre $4,127,349
NOTES
The sellers had secured entitlements for a 290-unit multifamily property
prior to sale. The sellers reported that this was a cash plus joint venture
deal, they will have an interest in the new property that the buyer's will
build.
600 W COMMONWEALTH AVE600 W Commonwealth Ave, Fullerton, CA, 92832
ENTITLED: YES | PERMIT READY: NO
2
Close of Escrow 12/12/2016
Sales Price $3,000,000
Zoning M-1
Price/SF $73.27
Lot Size (Acres) 0.94
Price/Acre $3,191,489
NOTES
Public records indicate permits for a four story 55+ affordable unit
multifamily apartment building with 1,475 square feet of office space and
subterranean parking.
336 E SANTA FE AVE336 E Santa Fe Ave, Fullerton, CA, 92832
ENTITLED: YES | PERMIT READY: YES
PROPERTY NAME
MARKETING TEAM
FULLERTON REDEVELOPMENT OPPORTUNITY
SALES COMPARABLES
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
rentpropertyname1
rentpropertyaddress1
15
SALES COMPARABLES
NOTES
The site was once an AT&T facility and surface parking lot but then was
subsequently entitled for a mixed-use residential project. The project will
consist of 220 apartments and ground level retail.
3
Close of Escrow 2/16/2016
Sales Price $15,200,000
Zoning MU
Price/SF $81.15
Lot Size (Acres) 4.30
Price/Acre $3,534,884
200 N LEMON ST200 N Lemon St, Anaheim, CA, 92805
ENTITLED: YES | PERMIT READY: NO
4
Close of Escrow 1/4/2018
Sales Price $7,375,000
Zoning O-P Fullerton
Price/SF $50.69
Lot Size (Acres) 3.34
Price/Acre $2,208,084
NOTES
Two vacant, free-standing medical office buildings totaling 41,851 square
feet. The buyer is planning to develop a senior care facility at this site. No
sale conditions were reported.
455 W BASTANCHURY RD455 W Bastanchury Rd, Fullerton, CA, 92835
ENTITLED: NO | PERMIT READY: NO
5
Close of Escrow 4/29/2016
Sales Price $4,320,000
Zoning Mixed Use Overlay
Price/SF $70.84
Lot Size (Acres) 1.40
Price/Acre $3,085,714
NOTES
Assemblage: In total, the buyer purchased four contiguous properties for
$16,170,000 from four sellers. Concession given by the seller was a buyout
of all remaining tenants leases, a dollar amount was not given. There is a
mixed-use plan on file.
LA PALMA VILLAGE ASSEMBLAGE125 W La Palma Ave, Anaheim, CA, 92801
ENTITLED: YES | PERMIT READY: NO
FULLERTON REDEVELOPMENT OPPORTUNITY
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MARKET
OVERVIEW
MARKET OVERVIEW
ORANGE COUNTYOVERVIEW
1
One of the longest uninterrupted stretches of public beaches in the
world along 42 miles of Pacific Ocean defines the western edge of
Orange County, which is located in the heart of Southern California.
The county’s land area covers 790 square miles, bordering the counties
of Los Angeles, San Diego, Riverside and San Bernardino.
Outdoor activities, beaches and temperate climate attract visitors,
residents and businesses, expanding the local population to more than
3.2 million. Anaheim, the home to major theme parks, is the largest city
in the county with a population of 360,000 people. Santa Ana, Irvine
and Huntington Beach all have more than 200,000 residents.
MARKET OVERVIEW
METRO HIGHLIGHTS
DIVERSE EMPLOYMENT
Tourism, high-tech operations, healthcare,
education and aerospace/military contractors are
major employers in the metro.
EXTENSIVE FOREIGN INVESTMENT
Numerous foreign investment firms and businesses
establish headquarters in the area to be near
Southern California ports of entry.
PROXIMITY TO OTHER MARKETS
Orange County is 30 miles to Los Angeles and 90
miles from San Diego. The Mexican border is 110
miles away.
FULLERTON REDEVELOPMENT OPPORTUNITY
MARKET OVERVIEW
ECONOMY▪ The local economy contains an employment base of more than 1.2 million workers.
▪ The aerospace and technology industries make up a significant portion the economy, while
homeland security and defense contracts support smaller electronics firms.
▪ Research and development at private and educational institutions play a vital role in the
growing a high-tech base that includes companies such as Allergan and Google.
▪ Travel and tourism draw many visitors and support the retail and hospitality sectors. The
area contains beaches and attractions such as Disneyland and Knott’s Berry Farm.
SHARE OF 2017 TOTAL EMPLOYMENT
MAJOR AREA EMPLOYERS
University of California, Irvine
The Walt Disney Co.
St. Joseph Health Systems
Boeing Co.
Bank of America Corp.
Memorial Care Health System
Wells Fargo
Kaiser Permanente
Allied Universal
Hoag Memorial Hospital Presbyterian* Forecast
2
MANUFACTURING
9%GOVERNMENT
HEALTH SERVICES
EDUCATION AND
+OTHER SERVICES
3%
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
16%
AND UTILITIES
TRADE, TRANSPORTATION CONSTRUCTION
PROFESSIONAL AND
BUSINESS SERVICES
2%INFORMATION
19%
6%
10% 14% 7%
13%
FULLERTON REDEVELOPMENT OPPORTUNITY
MARKET OVERVIEW
DEMOGRAPHICS
SPORTS
EDUCATION
ARTS & ENTERTAINMENT
▪ The local population will expand by more than 72,600 residents over the next five
years and during this time, nearly 38,100 households will be added.
▪ Due in part to high home prices, the homeownership rate of 57 percent is below the
national rate of 64 percent.
▪ Roughly 38 percent of the population age 25 and older have attained a bachelor’s
degree, with 13 percent also holding a graduate or professional degree.
From fishing to yachting, water sports of every kind abound at the beaches, harbors and
marinas on the Orange County coast. Many of its beaches are famous for surfing; the town
of Huntington Beach is known worldwide as Surf City, USA. The weather is also perfect for
golfing, hiking and biking. Orange County also has a world-class selection of entertainment,
restaurants and shopping. The area boasts big attractions such as Disneyland and Knott’s
Berry Farm. Orange County also hosts major sports teams in baseball, hockey and soccer.
Educational institutions of higher learning include two public universities, California State
University, Fullerton, and the University of California in Irvine.
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s
Analytics; U.S. Census Bureau
QUALITY OF LIFE
3
2017 Population by Age
0-4 YEARS
6%5-19 YEARS
19%20-24 YEARS
7%25-44 YEARS
28%45-64 YEARS
27%65+ YEARS
14%
FULLERTON REDEVELOPMENT OPPORTUNITY
37.7
2017MEDIAN AGE:
U.S. Median:
37.8
$81,000
2017 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
$56,300
3.2M
2017POPULATION:
Growth2017-2022*:
2.3%
1.1M
2017HOUSEHOLDS:
3.6%
Growth2017-2022*:
PROPERTY NAME
MARKETING TEAM
FULLERTON REDEVELOPMENT OPPORTUNITY
DEMOGRAPHICS
Source: © 2018 Experian
Created on February 2019
POPULATION 1 Miles 3 Miles 5 Miles
▪ 2022 Projection
Total Population 33,507 258,695 641,266
▪ 2017 Estimate
Total Population 33,617 256,711 636,592
▪ 2010 Census
Total Population 31,105 239,020 597,403
▪ 2000 Census
Total Population 31,602 228,660 572,179
▪ Daytime Population
2017 Estimate 26,174 252,908 672,483
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
▪ 2022 Projection
Total Households 9,970 75,334 197,246
▪ 2017 Estimate
Total Households 9,770 73,554 192,481
Average (Mean) Household Size 3.33 3.38 3.23
▪ 2010 Census
Total Households 8,972 68,051 179,409
▪ 2000 Census
Total Households 8,902 66,237 174,448
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
▪ 2017 Estimate
$250,000 or More 1.83% 3.06% 3.34%
$200,000 - $249,999 1.32% 2.18% 2.11%
$150,000 - $199,999 3.12% 5.35% 6.25%
$125,000 - $149,999 4.64% 5.34% 6.33%
$100,000 - $124,999 7.40% 9.37% 9.70%
$75,000 - $99,999 11.92% 14.03% 14.63%
$50,000 - $74,999 20.08% 18.23% 17.66%
$35,000 - $49,999 14.43% 13.22% 12.67%
$25,000 - $34,999 11.66% 9.67% 9.00%
$15,000 - $24,999 12.05% 9.42% 8.95%
Under $15,000 11.54% 10.13% 9.36%
Average Household Income $68,577 $82,340 $86,434
Median Household Income $50,347 $59,463 $63,086
Per Capita Income $20,287 $23,931 $26,376
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PROPERTY NAME
MARKETING TEAM
FULLERTON REDEVELOPMENT OPPORTUNITY
DEMOGRAPHICS
Source: © 2018 Experian
Created on February 2019
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population by Age
0 to 4 Years 8.01% 7.51% 6.90%
5 to 14 Years 14.73% 14.30% 13.40%
15 to 17 Years 4.37% 4.35% 4.15%
18 to 19 Years 2.55% 2.80% 2.70%
20 to 24 Years 8.22% 8.30% 8.03%
25 to 29 Years 9.22% 8.44% 8.42%
30 to 34 Years 8.61% 7.65% 7.49%
35 to 39 Years 7.20% 6.88% 6.75%
40 to 49 Years 13.64% 13.75% 13.67%
50 to 59 Years 10.82% 11.86% 12.57%
60 to 64 Years 3.58% 4.10% 4.53%
65 to 69 Years 2.72% 3.07% 3.57%
70 to 74 Years 2.14% 2.27% 2.65%
75 to 79 Years 1.53% 1.69% 2.01%
80 to 84 Years 1.22% 1.36% 1.53%
Age 85+ 1.46% 1.67% 1.62%
Median Age 31.63 32.75 34.24
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population 25+ by Education Level
2017 Estimate Population Age 25+ 20,886 161,065 412,637
Elementary (0-8) 16.73% 13.79% 10.21%
Some High School (9-11) 12.09% 11.21% 10.03%
High School Graduate (12) 24.17% 22.68% 22.23%
Some College (13-15) 19.93% 19.95% 21.24%
Associate Degree Only 5.70% 6.10% 6.88%
Bachelors Degree Only 12.17% 15.96% 18.91%
Graduate Degree 5.07% 7.09% 7.74%
21
Income
In 2018, the median household income for your selected geography is
$50,347, compare this to the US average which is currently $56,286.
The median household income for your area has changed by 27.48%
since 2000. It is estimated that the median household income in your
area will be $56,107 five years from now, which represents a change
of 11.44% from the current year.
The current year per capita income in your area is $20,287, compare
this to the US average, which is $30,982. The current year average
household income in your area is $68,577, compare this to the US
average which is $81,217.
Population
In 2018, the population in your selected geography is 33,617. The
population has changed by 6.38% since 2000. It is estimated that the
population in your area will be 33,507.00 five years from now, which
represents a change of -0.33% from the current year. The current
population is 50.36% male and 49.64% female. The median age of the
population in your area is 31.63, compare this to the US average
which is 37.83. The population density in your area is 10,699.37
people per square mile.
Households
There are currently 9,770 households in your selected geography. The
number of households has changed by 9.75% since 2000. It is
estimated that the number of households in your area will be 9,970
five years from now, which represents a change of 2.05% from the
current year. The average household size in your area is 3.33
persons.
Employment
In 2018, there are 12,307 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
45.50% of employees are employed in white-collar occupations in this
geography, and 54.57% are employed in blue-collar occupations. In
2018, unemployment in this area is 6.43%. In 2000, the average time
traveled to work was 27.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
50.41% White, 2.97% Black, 0.25% Native American and 9.35%
Asian/Pacific Islander. Compare these to US averages which are:
70.42% White, 12.85% Black, 0.19% Native American and 5.53%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 68.70% of the current year
population in your selected area. Compare this to the US average of
17.88%.
PROPERTY NAME
MARKETING TEAM
FULLERTON REDEVELOPMENT OPPORTUNITY
Housing
The median housing value in your area was $415,413 in 2018,
compare this to the US average of $193,953. In 2000, there were
3,378 owner occupied housing units in your area and there were 5,524
renter occupied housing units in your area. The median rent at the
time was $713.
Source: © 2018 Experian
DEMOGRAPHICS
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