nec of 210 freeway & alder avenue

RIALTO, CA

NEC of 210 Freeway& Alder Avenue

OFFERING MEMORANDUM

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.

RIALTO, CA

NEC of 210 Freeway & Alder Avenue

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 YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.

NON-ENDORSEMENT NOTICE

Section 1 PROPERTY DESCRIPTION

Section 2 RECENT SALES

Section 3 IN ESCROW COMPARABLES

Section 4 DEMOGRAPHIC ANALYSIS

TABLE OF CONTENTS


NEC of 210 Freeway & AlderAvenue

RIALTO, CA

PROPERTY DESCRIPTION

2


NEC of 210 Freeway & Alder AvenueRIALTO, CA

Summary

Property NEC of 210 Freeway & Alder

Property Address NEC of 210 Freeway & Alder

Rialto, CA 92377

Price 3,591,520

Down Payment 100% / $3,591,520

Lot Size (Acres) 4.1200

Price/Acre $871,728

Buildable SF NA

Price/Buildable SF #VALUE!

Type of Ownership Fee Simple

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Y0080338 Marcus &Millichap. All rights reserved.

Financing

FIRST TRUST DEED

Loan Amount $3,591,520

Loan Type All Cash

FINANCIAL OVERVIEW

APN: 1133-181-19,20 & 22

Zoning: Renaissance Specific Plan

Utilities: Utilties Stubbed to Pads

Traffic Counts: +/-127,000 Cars Per Day-Interstate-210

+/-17,000 Cars Per Day-Alder Avenue

Nearby Development: The Renaissance Marketplace

Site Description

· Freeway Drive-Thru/Retail/Hospitality Pads For Sale

· Excellent Visibility & Access from Interstate-210

· 50 Foot Freeway Pylon Available· Adjacent to the Renaissance Rialto Retail

Development · Off-Site Work is completed with Utilities

Stubbed to Pads · Excellent Opportunity to Acquire and

Develop Freeway Visible Pads· Pads Can Be Sold Separately

Marcus & Millichap is pleased to present the opportunity to acquire up to 4.12 acres of retail commercial land located on Interstate-210 and Alder Avenue/Casmalia Street., Rialto, California. The land consists of three pads that can be purchase separately. The current seller had submitted entitlement plans to the city for the development of a drive-thru restaurant freestanding building and a multi-tenant retail with restaurant drive-thru building, the plans have since expired. The subject property is well located approximately 54 miles east of Los Angeles, California and 20 miles from The Ontario International Airport.

The subject property is part of the Renaissance Redevelopment, one of the largest redevelopment projects in the Inland Empire which will include over 800 housing units, anticipated to open in the first part of 2019, approximately 460,000 square feet, hosting national retailers, restaurants, and entertainment with a modern architecture. Cinemark Movie Theater, 24 Hour Fitness, Burlington Coat Factory, GS Love, The Habit, Coffee Nutzz, Blaze Pizza, Panda Express and West Coast Dental are some of the retailers already announced by the developer. The project will include twenty acres of sports parks. The residential component will include a mix of rental and for sale housing. Approximately 700 acres of the area will be designated for industrial uses. The project is expecting to generate over 4,000 new residents and approximately 11,000 new jobs at full build-out by 2030.

Buyer to verify all utilities, zoning, locations, and cost for their use during feasibility period.

Investment Highlights

3




INVESTMENT OVERVIEW

Pad 1: +/- 43,402 Square Foot Land PadFormerly Entitled for a Drive-Thru+/-3,200sf Freestanding Building APN: 1133-181-19Asking price: $867,720.00

Pad 2: +/-35,961 Square Foot Land PadFormerly Entitled for Multi-Tenant with Drive-Thru & Retail Building+/-4,300 Square Foot Building APN: 1133-181-20Asking Price: $775,360

Pad 3: +/-100,213 Square Foot Land PadPossible Uses: Retail, Hotel (with CUP)APN: 1133-181-22Asking Price: $2,004,260.00

4




INVESTMENT OVERVIEW

Local Map Regional Map

5




AREA MAPS


RIALTO, CA

RECENT SALES

1)

2)

3)


North Pepper Avenue

Spruce Street

10275 South Tippecanoe Avenue

7

RECENT SALES



RECENT SALES MAP

1

2

North Pepper Avenue

Colton, CA 92324

Spruce Street

Riverside, CA 92507



Rialto, CA 92377

Subject Property

Close of Escrow: 11/18/16 Lot Size (SF): 40,511

Sale Price: $160,000 Price/SF: $3.95

Down Payment: $160,000 Lot Size (Acres):

Down Payment %: 100% Price/Acre: N/A

Zoning: Lot Dimensions:

8

Close of Escrow: On Market Lot Size (SF): 57,935

Sale Price: $1,157,500 Price/SF: $19.98

Down Payment: $1,157,500 Lot Size (Acres):



RECENT SALES



RECENT SALES

Sale Price: 3,591,520 Lot Size (SF):

Down Payment: $3,591,520 Price/SF:

Down Payment %: 100% Lot Size (Acres): 4.1200

Zoning: Price/Acre: $871,728

Lot Dimensions:

310275 South Tippecanoe Avenue

San Bernardino, CA 92701

9

Close of Escrow: Lot Size (SF): 50,530

Sale Price: $1,425,000 Price/SF: $28.20

Down Payment: $498,750 Lot Size (Acres):



RECENT SALES



RECENT SALES


RIALTO, CA

IN ESCROW COMPARABLES

1)

2)


2538 West Base Line Road

1329 University Avenue - The Cask

and Cleaver and Tremors

11




IN ESCROW COMPARABLES MAP

1

2

2538 West Base Line Road

Rialto, CA 92376

1329 University Avenue - The Cask and Cleaver and Tremors

Riverside, CA 92507



Rialto, CA 92377

Subject Property

Close of Escrow: In Escrow Lot Size(SF): 39,204

List Price: $899,900 Price/SF: $22.95

Down Payment: N/A Lot Size (Acres):

Down Payment N/A Price/Acre: N/A


12

Close of Escrow: In Escrow Lot Size (SF): 98,446

List Price: $3,000,000 Price/SF: $30.47

Down Payment: N/A Lot Size (Acres):

Down Payment %: N/A Price/Acre: N/A




Sale Price: 3,591,520 Lot Size (SF):

Down Payment: $3,591,520 Price/SF:

Down Payment %: 100% Lot Size (Acres): 4.1200

Zoning: Price/Acre: $871,728

Lot Dimensions:




RIALTO, CA

DEMOGRAPHIC ANALYSIS

1 Mile 3 Miles 5 Miles

2000 Population 2,052 93,250 245,214

2010 Population 3,097 118,739 304,276

2014 Population 3,195 123,399 315,748

2019 Population 3,594 131,919 333,975

2000 Households 526 24,499 64,306

2010 Households 749 29,971 75,438

2014 Households 775 31,334 78,800

2019 Households 864 33,564 83,504

2014 Average Household Size 3.94 3.91 3.95

2014 Daytime Population 1,411 15,436 43,215

2000 Owner Occupied Housing Units 83.38% 64.88% 63.03%

2000 Renter Occupied Housing Units 9.66% 29.50% 31.03%

2000 Vacant 6.96% 5.61% 5.94%



2014 Vacant 1.21% 2.94% 2.87%



2019 Vacant 0.42% 2.54% 2.47%

$ 0 - $14,999 4.0% 8.9% 10.8%

$ 15,000 - $24,999 4.6% 9.7% 11.0%

$ 25,000 - $34,999 9.4% 10.3% 11.0%

$ 35,000 - $49,999 12.7% 14.5% 15.8%

$ 50,000 - $74,999 22.1% 21.2% 20.1%

$ 75,000 - $99,999 19.7% 14.6% 13.2%

$100,000 - $124,999 10.8% 9.2% 8.2%

$125,000 - $149,999 7.1% 5.2% 4.3%

$150,000 - $199,999 6.8% 4.4% 3.7%

$200,000 - $249,999 1.6% 0.8% 0.9%

$250,000 + 1.3% 1.0% 1.2%

2014 Median Household Income $72,060 $56,955 $51,606

2014 Per Capita Income $20,359 $17,774 $16,635

2014 Average Household Income $83,861 $69,618 $66,205

Demographic data © 2012 by Experian.

14




DEMOGRAPHIC REPORT

Geography: 5 miles

Population

In 2014, the population in your selected geography is 315,747. The population has changed by 28.76% since 2000. It is estimated

that the population in your area will be 333,974 five years from now, which represents a change of 5.77% from the current year. The

current population is 49.54% male and 50.45% female. The median age of the population in your area is 28.7, compare this to the

Entire US average which is 37.3. The population density in your area is 4,019.55 people per square mile.

Households

There are currently 78,799 households in your selected geography. The number of households has changed by 22.53% since 2000.

It is estimated that the number of households in your area will be 83,504 five years from now, which represents a change of 5.97%

from the current year. The average household size in your area is 3.95 persons.

Income

In 2014, the median household income for your selected geography is $51,605, compare this to the Entire US average which is

currently $51,972. The median household income for your area has changed by 27.75% since 2000. It is estimated that the median

household income in your area will be $60,347 five years from now, which represents a change of 16.93% from the current year.

The current year per capita income in your area is $16,634, compare this to the Entire US average, which is $28,599. The current

year average household income in your area is $66,204, compare this to the Entire US average which is $74,533.

Race & Ethnicity

The current year racial makeup of your selected area is as follows: 45.13% White, 11.29% Black, 0.32% Native American and 4.64%

Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and

5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 70.51% of the current year

population in your selected area. Compare this to the Entire US average of 17.13%.

Housing

In 2000, there were 43,092 owner occupied housing units in your area and there were 21,212 renter occupied housing units in your

area. The median rent at the time was $560.

Employment

In 2014, there are 43,215 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed

that 45.88% of employees are employed in white-collar occupations in this geography, and 53.95% are employed in blue-collar

occupations. In 2014, unemployment in this area is 10.38%. In 2000, the average time traveled to work was 33.8 minutes.


15




SUMMARY REPORT

Number of people living in a given area per square mile.


16




POPULATION DENSITY

The number of people employed in a given area per square mile.


17




EMPLOYMENT DENSITY

Average income of all the people 15 years and older occupying a

single housing unit.


18




AVERAGE HOUSEHOLD INCOME

RIALTO, CA

OFFERING MEMORANDUM


Offices Throughout the U.S. and Canada

www.MarcusMillichap.com

nec of 210 freeway & alder avenue

Documents