Download presentation
Presentation is loading. Please wait.
1
FREEWAY COMMERCIAL LAND
Offering Memorandum FREEWAY COMMERCIAL LAND SEC Baxter Road and Central Avenue • Wildomar, CA 92595
2
NON-ENDORSEMENT AND DISCLAIMER NOTICE
Confidentiality and Disclaimer The 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 Notice Marcus & 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. FREEWAY COMMERCIAL LAND Wildomar, CA ACT ID Z
3
FREEWAY COMMERCIAL LAND
INVESTMENT OVERVIEW
4
4 4 # FREEWAY COMMERCIAL LAND FREEWAY COMMERCIAL LAND OFFERING SUMMARY
EXECUTIVE SUMMARY OFFERING SUMMARY Price $7,542,000 Down Payment 100% / $7,542,000 Loan Type All Cash Lot Size (SF) 696,960 Price/SF $10.82 Lot Size (Acres) 16 acre(s) Price/Acre $471,375 Number of Lots Type of Ownership Fee Simple MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES * Contractors Complete Surety 270 AWI Management Corporation 241 Walmart 225 Lakeshore Equipment Company 224 Target 200 Calvary Chapel of Murrieta 191 Hakes Sash and Door, Inc. 190 Murrieta Valley High School 172 Transer America 170 Lowes 150 McDonald’s 134 Lake Elsinore Resort and Casino 130 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2017 Estimate Pop 8,154 46,227 120,404 2017 Census Pop 7,353 42,175 107,800 2017 Estimate HH 2,568 14,175 38,051 2017 Census HH 2,326 13,013 34,214 Median HH Income $67,298 $74,238 $75,611 Per Capita Income $27,743 $29,842 $30,807 Average HH Income $88,036 $97,233 $97,251 * # of Employees based on five mile radius 4 4 #
5
FREEWAY COMMERCIAL LAND
OFFERING SUMMARY INVESTMENT OVERVIEW The property has great Interstate exposure and is located at the off ramp of Baxter Road. The city of Wildomar is located in a fast growing area or Riverside County with an estimated population of 36,042 people Approximately 10 Acres of Residential INVESTMENT HIGHLIGHTS
6
FREEWAY COMMERCIAL LAND
OFFERING SUMMARY PROPERTY SUMMARY THE OFFERING Property Freeway Commercial Land Price $7,542,000 Property Address Baxter Rd & Central Ave, Wildomar, CA SITE DESCRIPTION Lot Size (SF) 696,960 Price/SF $10.82 Lot Size (Acres) Price/Acre $471,375 Type of Ownership Fee Simple
7
FREEWAY COMMERCIAL LAND
REGIONAL MAP
8
FREEWAY COMMERCIAL LAND
AERIAL PHOTO
9
FREEWAY COMMERCIAL LAND
Proposed Site Plan
10
FREEWAY COMMERCIAL LAND
Proposed Site Plan
11
FREEWAY COMMERCIAL LAND
MARKET OVERVIEW
12
2016 MEDIAN HOUSEHOLD INCOME:
FREEWAY COMMERCIAL LAND DEMOGRAPHICS SPORTS ARTS & ENTERTAINMENT The metro is expected to add nearly 400,000 people through 2021, and during this time, more than 100,000 households will be formed, generating demand for housing. The homeownership rate of 62 percent is below the national rate of 64 percent but well above large metros in California. The median home price of $329,900 is also well below that of larger Southern California metros. 2016 Population by Age 0-4 YEARS 7% 5-19 YEARS 23% 20-24 YEARS 8% 25-44 YEARS 27% 45-64 YEARS 24% 65+ YEARS 12% EDUCATION $56,200 2016 MEDIAN HOUSEHOLD INCOME: U.S. Median: $54,500 4.5M 2016 POPULATION: Growth *: 8.3% 1.4M 2016 HOUSEHOLDS: 8.5% Growth *: 33.7 2016 MEDIAN AGE: U.S. Median: 37.7 QUALITY OF LIFE Relatively affordable housing is a large draw of the metro. The median home price in Riverside-San Bernardino is lower than in Los Angeles and Orange Counties. The Inland Empire provides a number of cultural opportunities, including the Riverside Metropolitan Museum and the Museum of History and Art in Ontario. The Riverside County Philharmonic provides classical music concerts throughout the area. The region features an impressive offering of more than 20 college campuses, including nine community colleges, two California State University campuses and the University of California, Riverside. Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau
13
FREEWAY COMMERCIAL LAND
PROPERTY NAME FREEWAY COMMERCIAL LAND Created on February 2018 DEMOGRAPHICS MARKETING TEAM POPULATION 1 Miles 3 Miles 5 Miles 2022 Projection Total Population 9,080 53,104 138,788 2017 Estimate 8,154 46,227 120,404 2010 Census 7,353 42,175 107,800 2000 Census 5,117 24,842 61,923 Daytime Population 6,763 30,394 83,275 HOUSEHOLDS Total Households 2,944 16,676 44,539 2,568 14,175 38,051 Average (Mean) Household Size 3.16 3.22 3.09 2,326 13,013 34,214 1,599 7,954 20,586 HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2017 Estimate $250,000 or More 2.92% 3.66% 3.49% $200,000 - $249,999 1.97% 2.65% 2.56% $150,000 - $199,999 6.42% 7.99% 8.29% $125,000 - $149,999 4.67% 6.69% 7.44% $100,000 - $124,999 10.34% 10.85% 11.27% $75,000 - $99,999 17.63% 17.57% 17.41% $50,000 - $74,999 21.24% 19.31% 18.13% $35,000 - $49,999 10.06% 9.90% 10.27% $25,000 - $34,999 7.72% 7.95% $15,000 - $24,999 7.17% 6.74% 6.65% Under $15,000 9.83% 6.64% 6.54% Average Household Income $88,036 $97,233 $97,251 Median Household Income $67,298 $74,238 $75,611 Per Capita Income $27,743 $29,842 $30,807 Source: © 2017 Experian
14
FREEWAY COMMERCIAL LAND
PROPERTY NAME FREEWAY COMMERCIAL LAND Created on February 2018 DEMOGRAPHICS MARKETING TEAM POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population by Age 0 to 4 Years 5.69% 5.92% 5.95% 5 to 14 Years 13.38% 14.77% 14.70% 15 to 17 Years 4.50% 4.88% 5.07% 18 to 19 Years 2.98% 2.95% 2.97% 20 to 24 Years 7.59% 7.07% 6.84% 25 to 29 Years 6.42% 6.26% 6.09% 30 to 34 Years 5.74% 5.98% 5.88% 35 to 39 Years 5.87% 6.07% 6.08% 40 to 49 Years 13.83% 14.02% 14.32% 50 to 59 Years 15.43% 14.95% 14.51% 60 to 64 Years 5.00% 4.99% 65 to 69 Years 4.43% 4.25% 4.08% 70 to 74 Years 2.85% 2.89% 3.05% 75 to 79 Years 2.47% 2.09% 2.38% 80 to 84 Years 1.74% 1.42% 1.68% Age 85+ 2.08% 1.50% 1.53% Median Age 38.18 36.82 37.10 POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population 25+ by Education Level 2017 Estimate Population Age 25+ 5,369 29,775 77,629 Elementary (0-8) 2.93% 3.77% 3.44% Some High School (9-11) 9.07% 7.85% 7.30% High School Graduate (12) 28.82% 26.03% 24.28% Some College (13-15) 29.55% 29.53% 29.93% Associate Degree Only 9.76% 9.15% 8.99% Bachelors Degree Only 11.11% 13.91% 16.23% Graduate Degree 7.01% 7.86% 8.23% Source: © 2017 Experian
15
15 # PROPERTY NAME FREEWAY COMMERCIAL LAND FREEWAY COMMERCIAL LAND
MARKETING PLAN PRICING AND VALUATION MATRIX PRICING AND VALUATION MATRIX MARKET OVERVIEW LOCATION OVERVIEW TENANT SUMMARY TRAFFIC COUNT YEAR COUNT 2012 116,000 2009 21,057 14,100 Source: © 2017 Experian 15 #
16
PRESENTED BY www.MarcusMillichap.com Lidia Talavera Senior Associate
Ontario Office Tel: (909) Fax: (909) License: CA
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.