Investment Offering Multi-Tenant Retail 100% Occupied Canyon Springs Marketplace Riverside, CA 92507

Transcription

1 UNDER CONTRACT Investment Offering Multi-Tenant Retail 100% Occupied Canyon Springs Marketplace Riverside, CA SITE Morreno Valley Mall Graham Dentistry Please Contact: Jim Slaught x 107 license number: JSlaught@lee-associates.com Jon Friesen license number: JFriesen@leeriverside.com

2 Portfolio Summary: Locations: Two retail buildings available individually or combined. Size Price North Building - Pad A 8,312 sq. ft. $2,500,000 South Building - Pad C 8,326 sq. ft. $3,700,000 Totals 16,638 sq. ft. $6,200,000 Investment Summary COMBINED Net Rentable SF: Total Land Area: Pro Forma NOI: Purchase Price: Cap Rate: Price Per Sq. Ft.: Center Anchors: Tenants: Financing: Investment Highlights: 16,638 Square Feet Approximately Acres $441,361 First Year $6,200, % $ Target, Walmart, Petsmart, Best Buy, Smart & Final, Michael s Payless Shoes, Verizon Wireless, Subway, Gamestop, Great Clips, Mattress Brothers, Golden Chopstix No existing financing to assume. 100% occupied. Irreplaceable location. Only small shop space available in power center anchored by Target, Walmart, Best Buy and other big box stores. Newer Construction. High visibility, high traffic count location with 128,000 cars per day at Freeway 60 and Freeway 215 Primary retail hub for large regional trade area. 250,000 residents within five miles. 44,000 daytime workers within five miles. Part of a 2,000,000 Sq. Ft. power center that is 99% occupied.

3 Salient Facts Name: Address: APN: Anchors: Parcel Size: Building Size: Tenants: Occupancy: NOI: Price Range: Cap Rate: North Building - Pad A 2712 Canyon Springs Parkway - Riverside, CA Best Buy, Smart & Final, Michael s. (Across street from Target, Walmart and Petsmart.) 45,520 Total Square Feet (Approx Acres) 8,312 Square Feet Mattress Brothers, Great Clips, Orthodontist, Optometrist, Golden Chopstix 100% $182,793 Approx. $2,500, % Name: Address: APN: Anchors: Parcel Size: Building Size: Tenants: Occupancy: NOI: Price Range: Cap Rate: South Building - Pad C 2851 Canyon Springs Parkway - Riverside, CA Target, Walmart and Petsmart. (Across street from Best Buy, Smart & Final, and Michael s.) 57,401 Total Square Feet (Approx Acres) 8,326 Square Feet Verizon Wireless, Subway, Gamestop, Payless Shoes 100% $258,568 Approx. $3,700, %

4 Photos North Building - Pad A South Building - Pad C

5 Parcel Map Location Description Aerial Map SITE

6 Site Plan

7 Floor Plan North Building, Pad A Canyon Springs Parkway Suite A-5 1,385 Sq. Ft. Optometrist Orthodontist Suite A-4 1,300 Sq. Ft. Suite A-3 1,430 Sq. Ft. Suite A-2 1,430 Sq. Ft. Suite A-1 2,767 Sq. Ft. South Building, Pad C Canyon Springs Parkway Suite E 2,795 Sq. Ft. Suite D 1,265 Sq. Ft. Suite B 4C 2,765 Sq. Ft. Suite A 1,501 Sq. Ft.

8 Financials Rent Roll RENT ROLLS North Building, Pad A Canyon Springs Parkway South Building, Pad C Canyon Springs Parkway

9 Financials PRO FORMA OPERATING STATEMENT North Building Pad A - $2,500,000 Income & Expenses South Building Pad C - $3,700,000

10 Street Map Canyon Springs Center Aerials 36 SITE 41 Riverside, CA Riverside SITE Moreno Valley

11 Riverside Area Description Incorporated in 1883, the City of Riverside, California, is an exciting, diverse urban center situated in the heart of Southern California. With a population of just under 300,000 people, Riverside currently ranks as the 12th largest city in California and the 6th largest in Southern California. The City is home to four internationally recognized colleges and universities, including the prestigious University of California, Riverside. This award-winning City is ranked #1 among all Inland Empire cities in virtually every economic indicator, including number of jobs, number of businesses, amount of office, industrial and retail space, assessed valuation and bank deposits. Recent accolades include: Ranked 3rd in a nationwide study by the Milken Institute for overall job growth; in addition, the Riverside region was the only area in California to receive a ranking in the top fifteen. Ranked 4th in a nationwide study by the National Policy Research Council & Expansion Management Magazine for Top Economic Development Hot Spots. Downtown Riverside was recognized as one of California s best downtowns of mid-sized cities, by the California Planning & Development Report. Highest ranked city in California among Top 100 Best Places for Jobs by Forbes magazine. Riverside s location positions it as one of Southern California s major transportation hubs. The City is accessible via Interstate 215, the Riverside (91) and 60 Freeways and BNSF and UPSP railroads. Riverside is home to four nationally recognized higher education institutions, supporting a student population of 50,000. As the home of several exciting events such as The Riverside Festival of Lights, Smithsonian Week and Mariachi Festival, Riverside is the perfect place to live, learn, work and play. DEMOGRAPHICS: 2011 Estimates 1 Mile 3 Miles 5 Miles Population 13, , ,334 No. of Households 3,637 28,818 70,371 Avg. HH Income $63,915 $64,306 $71,015 Daytime Population 6,576 20,578 44,114