investment offering alicia medical center€¦ · investment offering alicia medical center 25251...

Investment OfferIng

AlIcIA medIcAl center25251 PAseO de AlIcIA lAgunA HIlls, cA 92653

fOr mOre InfOrmAtIOn cOntAct:

HugO cOsIO

(951) [email protected]

lIcense # 01848647

OmrAn BAHIA


lIcense # 01908116

sAmI BeydOun


lIcense # 01983977

cHelseA BrOgdOn


lIcense # 01960673

The term Evaluation Material does not include information which (i) becomes generally available to the public other than as a result of disclosure by Prospective Purchaser or its Representatives, (ii) was available to Prospective Purchaser on a non confidential basis prior to its disclosure to Prospective Purchaser by Owner or its Representatives, or (iii) becomes available to Prospective Purchaser on a non confidential basis from a source other than Owner or its Representatives; provid-ed, however, that such source is not bound by a Confidentiality Agreement with Owner or its Representative. Although Prospective Purchaser understands that Owner has endeavored to include in the Evaluation Material information known to it which it believes to be relevant for the purposes of Prospective Purchaser's investigation, Prospective Purchaser further understands that except as may otherwise be agreed in writing, Owner does not make any representation or warranty as to the accuracy or completeness of the Evaluation Material. The Prospective Purchaser hereby indemnifies and holds harmless Level Asset commercial Realty and the Owner and their respective affiliates and successors and assigns against and from any loss, liability or expense, including attorney’s fees, arising out of any breach of any of the terms of this Agreement. Prospective Purchaser agrees that neither Owner nor its Representatives shall have any liability to Prospective Purchaser or any of its Representatives under this agreement for any cause whatsoever. The Prospective Purchaser acknowledges that the Property has been offered for sale subject to withdrawal from the market, change in offering price, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any Prospective Purchaser, or for any other reason whatsoever, without notice. The Prospective Purchaser acknowledges that the Property is being offered without regard to race, creed, sex, religion, or national origin. This agree-ment terminates 180 days from the date hereof, except as to written claims by Owner against Prospective Purchaser prior thereto. This Agreement shall be governed and construed in accordance with the laws of the State of California, may not be changed, waived or terminated orally and shall be binding upon the parties and their successors or assigns. The Prospective Purchaser confirms the understanding that any agreements between the Prospective Purchaser and Owner concerning the Acquisition will exist only when such agreement is in writing and duly executed by all parties thereto.

If after reviewing this memorandum, you have no further interest in purchasing the property, kindly return this Memoran-dum to Level Asset Commercial Realty.

CONFIDENTIALITY AGREEMENT Alicia Medical Center

Level Asset Commercial Realty has been retained on an exclusive basis with respect to the offering for sale of Alicia Office Park, 25251 Paseo De Alicia Laguna Hills, California (the “Property”). The Owner (the “Owner”) has indicated that all inquiries and communications with respect to the contemplated sale of Property be directed to Level Asset Commercial Realty. To assist interested parties (each, a “Prospective Purchaser”) in evaluating the possible acquisition (the “Acquisition”) of the Property, Level Asset Commercial Realty will provide certain information relating to the Property. As a condition to furnishing such information, Prospective Purchaser agrees to treat confidentially such information and any other information (collectively "Evaluation Material") which Owner, its affiliates, partners, lenders, employees, agents, attorneys, accountants, advisors or references (collectively "Representatives") furnish to Prospective Purchaser. The term evaluation material will also include any analysis, compilations, studies or other documents prepared by Prospective Purchaser, or its representatives containing, or based in whole or in part on, any information furnished by Owner. Prospective Purchaser agrees that the Evaluation Material will be kept in strict confidence, by it and its representatives, and shall not, except as hereinafter provided, without the prior written consent of Owner, be disclosed by it or its Representatives other than for the purpose of internally evaluating the acquisition. Moreover, Prospective Purchaser further agrees to transmit Evaluation Material only to those of its Representatives who need such information for the purpose of evaluating the Acquisition and who shall (i) be advised by Prospective Purchaser of this letter agreement (the "Agreement") and (ii) agree with Prospective Purchaser to be bound by the provisions hereof. Prospective Purchaser shall be responsible for any breach of this Agreement by its Representatives. Notwithstanding the foregoing, in the event Prospective Purchaser is required to disclose any of the Evaluation Material by subpoena, civil investigative demand or similar process seeking disclosure of any Evaluation Material, Prospective Purchaser will notify Owner to permit Owner and its affiliates to seek a protective order or take appropriate action. Prospective Purchaser will cooperate in efforts by Owner and its affiliates to obtain a protective order or other assurance that confidential treatment will be accorded the Evaluation Material to be disclosed under any subpoena, civil investigative demand, or similar process. If, in the absence of a protective order, Prospective Purchaser or any of its representatives, in the opinion of its counsel, compelled as a matter of law to disclose any Evaluation Material, (a) Prospective Purchaser will disclose to the party requesting disclosure only the part of the Evaluation material as required by law to be disclosed, (b) Prospective Purchaser will consult with Owner as to the scope of such disclosure, and (c) Prospective Purchaser will use reasonable efforts to obtain confidential treatment for any Evaluation Material so disclosed. In the event that the Acquisition is not effected after Prospective Purchaser has been furnished with Evaluation Material, Prospective Purchaser will promptly deliver to Owner or destroy, at Owner’s request, the Evaluation Material and all copies thereof, except for the portion of compilations, studies or other documents prepared by Prospective Purchaser or its Representatives, without retaining any copy thereof. That portion of the Evaluation Material which consists of analysis, compilations, studies or other documents prepared by Prospective Purchaser or its Representatives will be held by it and kept confidential and subject to the terms of Agreement, or destroyed at the request of Owner. Such destruction will be confirmed by Owner.

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25251 Paseo De Alicia, Laguna Hills

Built in 1979 | Renovated in 2007

19,134 Square Feet

Multi Tenant Medical Office Building

Hugo Cosio of Level Asset Commercial Realty is pleased to offer for sale Alicia Medical Center, an established mutli-Tenant medical office building located in Laguna Hills, CA. Investors are offered the rare opportunity to acquire a stabilized medical office building with strong initial returns plus upside. The Medical Office Building consists of approximately 19,134 total square feet with ample parking. The property has a strong tenant mix, with tenants including Satellite Healthcare, Pacific Pro Physical Therapy and Sports Medicine, Alicia Dental and more. Interested parties are invited to submit best offer.

PrIcIng summAry

Purchase Price $10,500,000NOI $531,487 Cap Rate 5.06%

Property Overview 3

25251 Paseo De Alicia Laguna Hills, CAOrange100%Two (2)19792007$10,500,0005.06%$531,487620-221-4519,134 SFWood FrameBOne (1)6.5/1,000SFFully sprinklered1.2 AcresMixed UseAlicia Parkway: 56,092 ADTInterstate 5: 329,362 ADT

AddressCountyOccupancyStoriesYear BuiltYear RenovatedPurchase priceCap RateNOI*APNBuilding SizeConstruction TypeClassElevatorParking RatioSprinkleredLand AreaZoningTraffic Counts

Property Overview 4

Investment OvervIew

Investment HIgHlIgHt• The only multi-story medical building within the Alicia Office Park complex. • One of the most accessible office parks in Orange County with parcels located adjacent to and visible from the 5 freeway (Alicia Pkwy Exit).• NNN leases with annual rental increases

*NOI is based on July 1, 2018 - June 30, 2019

Property Overview 5

lOcAtIOn AerIAl

AlIcIA medIcAl cenetr

Property Overview 6

2016 Demographics

Population <1 Mile <3Miles <5Miles

Population 2010 22,829 159,333 281,869

Population 2016 22,685 157,811 286,502

Average Household Income $78,613 $85,657 $88,363

Total Estimated Households 7,394 56,499 104,355

AlIcIA medIcAl center

lOcAtIOn mAP

Property Overview 7

sIte PlAn

AlIcIA medIcAl cenetr

Tenant Profiles 8

tenAnt OvervIewBelOw Is A descrIPtIOn Of sOme Of tHe tenAnts In AlIcIA medIcAl center

Jan S. Lukac M.D.Jan s. Lukac M.D. is an Ophthalmologist that provides everything from check-ups, LASIK, Glasses and contacts to plastic surgery. He has been servicing Orange County since 1979 and is committed to providing the most comprehensive and personalized eye care. Dr. Lukac offers two locations in Orange County that are both fully outfitted with an optical shop.

Satellite HealthcareSatellite Healthcare is a not-for-profit dialysis provider dedicated to improving the lives of Patients with chronic kidney disease. Since 1974, Satellite healthcare has provided a range of expert services offering each patient with their own individ-ualized care plan that fits his or her lifestyle, including dialysis therapy, clinical services and wellness education. Satellite Healthcare also supports the chronic kidney disease community through an enduring commitment to philanthropy and community service. Satellite Healthcare is nationwide with 80 locations in six different states.

Smile Again DentalSmile Again Dental is a dental practice devoted to restoring and enhancing the natural beauty of their patients smile. Smile Again Dental provides services in-cluding general dentistry, orthodontics, Invisalign, cosmetic dentistry, teeth whit-ening, preventative dentistry, cleaning and more.

Pacific Pro Physical Therapy and Sports MedicinePacific Pro Physical Therapy and Sports medicine is a private, outpatient physical therapy practice offers individualized physical therapy treatment by experienced, highly skilled and knowledgeable therapists. Pacific Pro treats patients of all ages, with a myriad of injuries and movement dysfunctions, integrating current research in order to optimize each treatment outcome. Pacific Pro is locally owned and operated by physical therapists in 6 different locations throughout Orange County.

Alicia DentalLaguna Hills Dentists Trebon, Kluss and Stevens are committed to providing each patient with an exceptional level of care and attention offering cosmetic dentistry services, family dentistry services as well as dental implants.

Robert Meister, D.D.S.Robert Meister, D.D.S. has provided expert orthodontic care that has resulted in some of Orange County’s most beautiful smiles. He has been practicing orthodontics in Orange County for over twenty five years & currently operates successful offices in both Laguna Hills & Rancho Santa Margarita.

Market Information 9

Laguna Hills is a great community, a great place to live, and an excellent place to start or relocate a business. While residents value this small town atmosphere they also enjoy the big city amenities the City has to offer. The City’s shopping and employment destinations provide for a strong and sound economy, further strengthening the City’s quality of life. The City features streets lined with well-manicured homes, low crime rates, award-winning school districts, and an ethnically diverse population where over 45% of residents hold a Bachelor’s degree or higher and households have an average income level of 23% above the state average.

Located within Southern Orange County in a high quality transit area, Laguna Hills is right next to Interstate 5 which travels all the way from the Canadian Border to Mexico. The City is also minutes away from Interstate 405, another major freeway that takes commuters to Los Angeles. The City is between the major tourist destinations of Los Angeles and San Diego, making it a common stop for consumers traveling up or down Southern California.

The City is right in the middle of many different Foreign Trade Zones (FTZ) such as Los Angeles, San Diego, and Long Beach. These Foreign Trade Zones benefit businesses in many different ways such as reduction and elimination of duties, no quota restrictions, as well as exclusion from certain taxes.

Metrolink and Amtrak stations near the city make it simple for residents and guests to commute to and from Laguna Hills all over the country and many nearby airports such as LAX, John Wayne, San Diego, Long Beach, and Ontario provide businesses with a unique op-portunity to reach out to customers that would not typically be serviced by small to medium sized businesses.

Saddleback Memorial CenterSaddleback Memorial Hospital, located within the City has claimed numerous awards through the years. In 2014 the hospital was voted number 1 in Orange County by the OC Register. Saddleback Memorial Hospital was named one of Healthgrades 50 best hospitals in the United States, an achievement only 1% of hospitals achieve. U.S. News ranked the hospital #24 in California in #12 in the Los Angeles metro area. The hospital was considered “High-Performing” in eight different areas. The hospital has collected many other awards from different distinguished committees such as the Lung Cancer Aliance, Joint Commission, the American Heart Association, American Stroke Association, as well as Blue Distinction Centers.

RetailThe City is filled with shopping centers which are flourishing in today’s recovering economic climate. Data shows that retail sales per person have been increasing since 2009 and are above the average in Orange County. The City along with its strategic partners are always looking to improve current infrastructure to support current shopping centers. Centers like Oakbrook Village, The Courtyard at La Paz, and The Village at Nellie Gail have undergone major renovations with the support of the City in order to increase foot traffic and business appeal.In addition, a transformation of Laguna Hills Mall is underway to create a new mixed-use lifestyle center in the heart of South Orange County bringing together the existing communities of Laguna Hills, Laguna Niguel, Laguna Beach, Laguna Canyon and Laguna Woods. The redevelopment will integrate the existing mall and rejuvenate the property creating a walkable urban village atmosphere with apart-ments, new retail shops, restaurants, luxury theaters and services along with a one acre park and gathering places.The mall is anchored by Macy’s, JCPenney and Nordstrom Rack the center boasts a variety of restaurant including King’s Fish House, California Pizza Kitchen, BJ’s Restaurant and Brewery, Kula Revolving Sushi and Ruby’s Diner and Rubio’s Fresh Mexican Grill.

lAgunA HIlls OvervIew

investment offering alicia medical center€¦ · investment offering alicia medical center 25251...

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