for sale - dental facility & business practice › d2 › el4ljpv_ryc7t1dk0fni849...for sale -...

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FOR SALE - Dental Facility & Business Practice2270 E. Colorado Blvd., Pasadena, CA 91107

2270E coloradoboulevard

FOR SALE - Dental Facility & Business Practice 2270 East Colorado Boulevard, Pasadena, CA 91107

Guillermo OlaizT: [email protected] CA Broker Lic# 01778986

Investment Specialists:

John S. Archibald, MCRT: [email protected] CA Broker Lic# 00996775

RJ PrzebindaT: [email protected] CA Lic# 01410519

© 2017 Coldwell Banker Real Estate Corporation. Coldwell Banker Commercial is a registered trademark licensed to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Each Office Is Independently Owned And Operated Except Office Owned And Operated By NRT Incorporated. The information above are from sources we believe to be reliable. We have not verified its accuracy and make no guarantee about it. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

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TABLE OF CONTENTSCONFIDENTIALITY AGREEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4

AERIAL VIEW .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5

INVESTMENT SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6

PARCEL MAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7

SITE PLAN .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8

FLOOR PLANS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9

INTERIOR PHOTOS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

AERIAL VIEW .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11-12

REGIONAL MAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13-14

AMENITIES MAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

GOLD LINE MAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

DEMOGRAPHICS & TRAFFIC COUNTS . . . . . . . . . . . . . . . . . . . . . . . . 17

CITY OF PASADENA OVERVIEW .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18


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Coldwell Banker Commercial Advisors (hereinafter “CBC Advisors”) has been retained as the exclusive advisor and broker regarding the sale of the Property located at 2270 East Colorado Boulevard, Pasadena, California 91107.

This Offering has been prepared by CBC Advisors for use by a limited number of parties and does not purport to provide a necessarily complete summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. All projections have been developed by CBC Advisors, the Owner, and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and, therefore, are subject to variation. No representation is made by CBC Advisors or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, CBC Advisors, Owner, and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omission from, this Investment Offering or any other written or oral communication transmitted or made available to the recipient. This Offering does not constitute a representation that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the package. Analysis and verification of the information contained in this package is solely the responsibility of the prospective purchaser.Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective investors. Owner and CBC Advisors each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers regarding the Property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this Offering or making an offer to purchase the Property

unless and until a written agreement for the purchase of the Property has been fully executed, delivered, and approved by Owner and its legal counsel, and any conditions to Owner’s obligations thereunder have been satisfied or waived. CBC Advisors is not authorized to make any representations or agreements on behalf of Owner.

This Offering and the contents, except such information which is a matter of public record or is provided in sources available to the public (such contents as so limited herein are called the “Contents”), are of a confidential nature. By accepting the package, you agree (i) to hold and treat it in the strictest confidence, (ii) not to photocopy or duplicate it, (iii) not to disclose the package or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or CBC Advisors, (iv) not use the package or any of the contents in any fashion or manner detrimental to the interest of Owner or CBC Advisors, and (v) to return it to CBC Advisors immediately upon request of CBC Advisors or Owner.

If you have no further interest in the Property, please return this Investment Offering forthwith.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT A COLDWELL BANKER COMMERCIAL MARKETING REPRESENTATIVE FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

Investment Advisors:

Guillermo OlaizT: [email protected]

John S. Archibald, MCRT: [email protected]

RJ PrzebindaT: [email protected]

AERIAL VIEW2270 East Colorado Boulevard, Pasadena, Cal i fornia 91107


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INVESTMENT SUMMARY2270 East Colorado Boulevard, Pasadena, Cal i fornia 91107

EXECUTIVE SUMMARY

2270 E Colorado Blvd., Pasadena, CA 91107

Prominent, State of the Art Dental Building and Dental Practice FOR SALE.

Plumbed for fifteen (15) operators, with eight (8) operators fixturized with Patterson Dental and A-dec Dental equipment, four (4) Orthodontic Bay Chairs with two (2) private office surgical unit rooms.

There are two (2) separate Mechanical Rooms, potentially allowing for part of the building to be converted to a medical practice, Urgent Care or other medical office use.

Pasadena Dental Studio (“The Practice”) was founded in the year 2000 and relocated 1.5 miles East to the Subject Property in 2013. The associate run practice generated nearly $3.1M in Gross Receipts in 2016. The patient base is predominantly Hispanic, and many travel from 25 miles and farther. Most of the staff speaks fluent Spanish. This investment offers a major opportunity to develop a marketing strategy to significantly increase dental patient market share from the densely populated trade area, and to expand in additional specialties.

Asking Price: Dental Office

$4,000,000.00

Dental Practice

$2,250,000.00

Total Offering

$6,250,000.00


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PARCEL MAP

E Colorado Blvd

S Roo

sevelt A

ve65.5 55 55

55

175.5

125 50.5N. 89º 55’W. 175.5

55

50 50 74.98

74.92

‘’

50 50224.92

224.89

224.87

‘’

34

22

23

60 8061.1

012

1.75

121.

7518

2.85

182.

85

61.1

065.5

5324

5425

26

55 38

39

8

9

40 10

37

736 35

6

50 5010

0

100

150

150

100

100

56

50“ “

“

COLOR ADO BLVD.

JONES ALLEY 202054

.35

54.3

5 RO

OS

EV

ELT

A

VE.

GR

AN

D O

AK

S

AV

E.

2270 East Colorado Boulevard, Pasadena, Cal i fornia 91107

APN: 5747-006-034APN: 5747-006-036

ADDRESS & APN BUILDING SF LAND SF ACRES (AC)

2270 EAST COLORADO BLVD., PASADENA, CA 91107

5747-006-034 ±2,940 SF ±7,505 SF 0.17 AC


5747-006-036 ±3,822 SF ±7,501 SF 0.17 AC

SUBJECT PROPERTY ±6,762 SF ±15,006 SF 0.34 AC


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SITE PLAN2270 East Colorado Boulevard, Pasadena, Cal i fornia 91107

Parking Area ±9,762 SF 18 Parking Spaces

Building Footprint ±5,244 SF 2 Parcels

ADDRESS & APN BUILDING SF LAND SF ACRES (AC)


5747-006-034 ±2,940 SF ±7,505 SF 0.17 AC


5747-006-036 ±3,822 SF ±7,501 SF 0.17 AC

SUBJECT PROPERTY ±6,762 SF ±15,006 SF 0.34 AC

2260 BLDG

2270 BLDG


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FLOOR PLANS2270 East Colorado Boulevard, Pasadena, Cal i fornia 91107

CHECK INRECEPTION AREA

WAITINGAREA

RESTROOMRESTROOM

DENTALUNIT

DENTALUNIT

DENTALUNIT

DENTALUNIT

CT SCANPANORAMIC

SIRON

BILLING

TREATMENTCOORDINATOR

OFFICE

EXECUTIVEOFFICE

2ND COMPRESSOR& VACUUM

CHECK OUTRECEPTION

OPENBAY

DENTALUNIT

OPENBAY

DENTALUNIT

OPENBAY

DENTALUNIT

OPENBAY

DENTALUNIT

OPENBAY

DENTALUNIT

DENTALCHAIRS

ORTHOBAY

MECHANICALROOM

2 COMPRESSORSWATER FILTER

VACUUM

CLIENTFILES

RESTROOM

DOCTOR’SOFFICE

PRIVATESURGICAL

UNIT

PRIVATESURGICAL

UNITSUPPLIESUNENCLOSED

PATIOSTERILIZATION

LAB

CHECK INRECEPTION AREA

WAITINGAREA

RESTROOMRESTROOM

DENTALUNIT

DENTALUNIT

DENTALUNIT

DENTALUNIT

CT SCANPANORAMIC

SIRON

BILLING

TREATMENTCOORDINATOR

OFFICE

EXECUTIVEOFFICE

2ND COMPRESSOR& VACUUM

CHECK OUTRECEPTION

OPENBAY

DENTALUNIT

OPENBAY

DENTALUNIT

OPENBAY

DENTALUNIT

OPENBAY

DENTALUNIT

OPENBAY

DENTALUNIT

DENTALCHAIRS

ORTHOBAY

MECHANICALROOM

2 COMPRESSORSWATER FILTER

VACUUM

CLIENTFILES

RESTROOM

DOCTOR’SOFFICE

PRIVATESURGICAL

UNIT

PRIVATESURGICAL

UNITSUPPLIESUNENCLOSED

PATIOSTERILIZATION

LAB

RECORDINGSTUDIO

ITROOM

RESTROOM

RESTROOM

LAUNDRYROOM

KITCHENSTAFF LOUNGE

2 PERSONOFFICE

CONFERENCEROOM

RECORDINGSTUDIO

ITROOM

RESTROOM

RESTROOM

LAUNDRYROOM

KITCHENSTAFF LOUNGE

2 PERSONOFFICE

CONFERENCEROOM

2nd Floor1st Floor

OPENATRIUM

ENTRANCE


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INTERIOR PHOTOS2270 East Colorado Boulevard, Pasadena, Cal i fornia 91107


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OLD TOWNE PASADENA

DOWNTOWN LOS ANGELES



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REGIONAL MAP2270 East Colorado Boulevard, Pasadena, Cal i fornia 91107



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SURROUNDING RETAILERS2270 East Colorado Boulevard, Pasadena, Cal i fornia 91107

hamilton elementary school

Vina Vieja parkSUBJECT

PROPERTY


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METRO GOLD LINE MAP2270 East Colorado Boulevard, Pasadena, Cal i fornia 91107

Citr

us A

v

Los Angeles River

110

110

10

19

101

210

5

5

134

710

60

60

10

Los

Rob

les

Av

Lake

Av

Hill

Av

Alle

n A

v

Sie

rra

Mad

re B

l

San

Gab

riel B

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Alta

dena

Dr

Ros

emea

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Fair

Oak

s A

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Arr

oyo

Pkw

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Fair

Oak

s A

v

Linc

oln

Av

Arr

oyo

Bl

Lind

a V

ista

Av

San Fernando Rd

Museum Dr

Mai

n St

Broa

dway

Figu

eroa

St

Ora

nge

Gro

ve B

l

Orange Grove BlMountain St

Walnut St Foothill Bl

Sierra Madre Bl

Colorado Bl

Monterey Rd

Huntington Dr

Huntington Dr

Del Mar Bl

California Bl

Fillmore St

Cesar E Chavez Av

College St

Mission StYork Bl

Mad

re S

t

Av

57

Ala

med

a S

t

Pas

aden

a A

v

N Broadway

N Main St

Via Marisol

05 vA

Hill S

t

45 vA

Marmion

Wy

Mon

tere

y Rd

Mon

tere

y Rd

Glenarm St

Sie

rra

Mad

re V

illa

Av

Villa St

Figuero

a St

Av 26

Ray

mon

d Av

Holly St

Mission

Rd

Figu

eroa

St

Cesar E Chavez Av1st St

1st St

vA nret saE Ariz

ona

AvM

edni

k Av

Atla

ntic

Bl

3rd St

1st St

4th St

Lore

na S

t

tS anai dnI

Ford

Bl

Soto

St

6

Beverly Bl

Valley Bl

PASADENA

DOWNTOWNLOS ANGELES

SOUTHPASADENA

MONTECITOHEIGHTS

LINCOLNHEIGHTS

CYPRESSPARK

MOUNTWASHINGTON

HIGHLANDPARK

LOS ANGELES

EAST LOS ANGELES

BOYLEHEIGHTS

CIVIC CENTERSTATION

Amtrak/M

etrolink

Metrolink

Amtra

k/M

etro

linkMetro Red/Purple Line

to N. Hollywood and Wilshire/Western

1

2

3

4

5

7

8

9

10

11

12

o

1112

HERITAGE SQUARE

SOUTH PASADENA

FILLMORE

DEL MAR

LAKE ALLEN

LINCOLN/CYPRESS

SOUTHWESTMUSEUM

HIGHLAND PARK

MEMORIAL PARKSIERRA MADRE

VILLA

UNION STATION

CHINATOWN

PICO/ALISO

MARIACHIPLAZA

LITTLE TOKYO/ARTS DISTRICT

SOTO

INDIANAATLANTICMARAVILLA

EAST LACIVIC

CENTER101

AZUSA DOWNTOWN

210210

210

605

San

ta A

nita

Av

Myr

tle A

v

MONROVIADuarte Rd

Hig

hlan

d Av

Huntington Dr

Irwin

dale

Av

Azu

sa A

v

Alosta Av

Bal

dwin

Av

Foothill Bl

APU/CITRUS COLLEGE

IRWINDALE

Bal

dwin

Av

Mic

hilli

nda

Av

DUARTE/CITYOF HOPE

ARCADIA

MONROVIA DUARTE

AZUSA

IRWINDALEARCADIAp

q

r s

Edward R. Roybal Linea de Oro Eastside Extension

Metro Gold LineMetro Rail StationMetro Rail Station and TimepointPoint of InterestFreeway

#

LEGEND2270E coloradoboulevard

GOLD LINE


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DEMOGRAPHICS & TRAFFIC COUNTS2270 East Colorado Boulevard, Pasadena, Cal i fornia 91107

1 Mile 3 Mile 5 Mile

Population

2021 Projection 22,851 202,262 500,678

2016 Estimate 22,144 195,900 485,495

2010 Census 21,242 187,354 467,186

Growth 2016 - 2021 3.19% 3.25% 3.13%

Growth 2010 - 2016 4.25% 4.56% 3.92%

HouseHolds

2021 Projection 9,304 79,333 182,292

2016 Estimate 9,038 76,911 176,839

2010 Census 8,791 74,010 170,748

Growth 2016 - 2021 2.94% 3.15% 3.08%

Growth 2010 - 2016 2.81% 3.92% 3.57%

2016 Polulation by Race

White 14,290 120,462 258,297

Black 1,447 12,596 31,056

Am. Indian & Alaskan 197 1,781 4,955

Asian 5,367 54,164 176,175

Hawaiian & Pacific Island 31 298 697

Other 812 6,599 14,314

Population by Hispanic Origin

Non-Hispanic Origin 16,109 143,043 347,163

Hispanic Origin 6,036 52,857 138,332

2016 Avg Household Income $102,090 $103,752 $97,913

TRAFFIC COUNTS

Street Cross Street Volume CPD

E Colorado Blvd S Grand Oaks Ave 21,293

E Colorado Blvd Sierra Madre Blvd 17,861

21,293 17,861


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From world class education and recreation alternative to cultural and sporting events, Pasadena offers a multitude of options for work and play. The residential neighborhoods in and around Pasadena are among the most desirable in Los Angeles, and their varied topography offers picturesque hills and canyons. The communities are noted for their well-kept, traditional neighborhoods, which in many areas remain more affordable alternatives to the costal communities. The income concentration in the area’s exclusive neighborhoods, including parts of Pasadena, San Marino and La Canada Flintridge, is the highest of any area outside of Beverly Hills/Bel Air.

Pasadena is located nine miles northeast of downtown Los Angeles situated in the northwest portion of the San Gabriel Valley and at the base of the San Gabriel Mountains. Covering over 23 square miles and with a population of over 148,000, the city is among the best-planned and most distinguished municipalities in Los Angeles County.

CITY OF PASADENA OVERVIEW


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CITY OF PASADENA OVERVIEW

PASADENA EMPLOYMENT

Pasadena is attractive to many Fortune 500 companies and small firms for its ability to create a pro-business environment with a high quality labor base. The city’s depth of technology related institutions and world-class universities create an atmosphere where extraordinary minds unite to build successful companies large and small. Often, these companies are spin-offs from the region’s larger organizations (Parsons, Jacobs Engineering and Avery Dennison). Since 1998, over 100 start-up companies have been launched from Caltech, JPL and Art Center. The city’s top employers are NASA Jet Propulsion Laboratory, with over 5,000 employees; Kaiser Permanente, with over 4,700 employees; and Huntington Hospital, with over 3,300 employees.

2270 East Colorado Boulevard, Pasadena, Cal i fornia 91107

FOR SALE - Dental Facility & Business Practice 2270 East Colorado Boulevard, Pasadena, CA 91107

Guillermo OlaizT: [email protected] CA Broker Lic# 01778986

Investment Specialists:

John S. Archibald, MCRT: [email protected] CA Broker Lic# 00996775

RJ PrzebindaT: [email protected] CA Lic# 01410519

for sale - dental facility & business practice › d2 › el4ljpv_ryc7t1dk0fni849...for sale -...

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