offering memorandum (l) › d2 › xhmpbih9tryn9d4...financial analysis 3 mentone retail & sfr...
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T.C. OBICHANGAssociate0: 909.793.2100C: [email protected] DRE #01870646
MENTONE, CA
PRESENTED BY:
OFFERING MEMORANDUM
MENTONE RETAIL & SFR
OFFERING MEMORANDUM
KW COMMERCIAL
1473 Ford Street
Redlands, CA 92373
Each Office Independently Owned and Operated kwcommercial.com 2
OFFERING MEMORANDUM
Confidentiality & DisclaimerMENTONE, CA
All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness ,veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.
Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived,or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and othermatters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independentprofessionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KWCommercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any partyregarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that maybe provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with acertified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies withapplicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed byRedlands in compliance with all applicable fair housing and equal opportunity laws.
KW COMMERCIAL
1473 Ford Street
Redlands, CA 92373
PRESENTED BY:
T.C. OBICHANGAssociate0: 909.793.2100C: [email protected] DRE# #01870646
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors shouldconduct your own investigation of the property and transaction.
www.kwcommercial.com 3
PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
PROPERTY DESCRIPTION
PROPERTY DETAILS
ADDITIONAL PHOTOS
ADDITIONAL PHOTOS
1PROPERTY INFORMATIONMENTONE RETAIL & SFR
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 4
OFFERING SUMMARY
SALE PRICE: $579,000
NUMBER OF UNITS: 2
LOT SIZE: 9,490 SF
YEAR BUILT: 1952
BUILDING SIZE: 2,267
RENOVATED: 2020
ZONING: CG-SCP
PRICE / SF: $255.40
TRAFFIC COUNT: 13,762
PROPERTY SUMMARY
COMMERCIAL CORNER ON HIGHWAY 38 WITH STEADY TRAFFIC COUNT.
* PROPERTY INCLUDES RETAIL BUILDING AND SINGLE FAMILY RESIDENCE.
PROPERTY HIGHLIGHTS
• CORNER LOT
• FULLY OCCUPIED
• LOCATED ON HIGHWAY 38
• NEWLY UPDATED
Executive Summary
MENTONE RETAIL & SFR 1 | PROPERTY INFORMATION
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PROPERTY OVERVIEW
COMMERCIAL CORNER ON HIGHWAY 38 WITH STEADY TRAFFIC COUNT.
*SALE CONSISTS OF A RETAIL BUILDING AND A SFR (SINGE FAMIY RESIDENCE) LOCATED ON MENTONEBLVD, BETWEEN OPAL AND TURQUOISE AVE.*RETAIL BUILDING APPROXIMATELY 1,707 SQ FT*SFR ROUGLY 560 SQ FT 2 BEDROOM / 1 BATHROOM.*PROPERTIES HAVE UNDERGONE REHAB AND UPDATES. NEW FENCING. BOTH UNTIS ARE LEASED WITHANNUAL INCREASES FOR THE RETAIL STORE. GREAT OPPORTUNITY TO OWN THIS CORNER IN LINE FORFUTURE DEVELOPMENT.
*RECENTLY OPENED SHOPPING CENTER ANCHORED BY CVS, STATER BROS, AND STARBUCKSLOCATED HALF-MILE AWAY. IN ADDITION, NEWLY CONSTRUCTED DOLLAR GENERAL WITHIN THE TRADEAREA. HIGHWAY 38 ROUTES TO BIG BEAR AND OTHER MOUNTAIN CITIES. BUSINESS ALSO FOR SALE,INQUIRE WITHIN.
*CALL FOR MORE INFORMATION AND A TOUR.
LOCATION OVERVIEWCORNER OF MENTONE BLVD AND TURQUOISE AVE.
Property Description
MENTONE RETAIL & SFR 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 6
SALE PRICE $579,000
LOCATION INFORMATIONBuilding Name MENTONE RETAIL & SFR
Street Address 1840 MENTONE BLVD
City, State, Zip Mentone, CA 92359
County/Township San Bernardino
Retail Clientele General
BUILDING INFORMATIONBuilding Size 2,267 SF
Occupancy % 100%
Tenancy Multiple
Number Of Floors 1
Year Built 1952
Last Renovated 2020
Gross Leasable Area 2,267 SF
Free Standing Yes
Number Of Buildings 2
PROPERTY DETAILSProperty Type Retail
Property Subtype Street Retail
Zoning CG-SCP
Lot Size 9,490 SF
APN# 0298-101-37-0000
Lot Frontage 58
Traffic Count 13,762
Traffic Count Street MENTONE BLVD
Traffic Count Frontage 58
PARKING & TRANSPORTATIONParking Type Surface
Number Of Spaces 5
Property Details
MENTONE RETAIL & SFR 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 7
Additional Photos
MENTONE RETAIL & SFR 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 8
Additional Photos
MENTONE RETAIL & SFR 1 | PROPERTY INFORMATION
www.kwcommercial.com 9
LOCATION INFORMATION
2 | LOCATION INFORMATION
REGIONAL MAP
RETAILER MAP
LOCATION MAPS
AERIAL MAP
2LOCATION INFORMATIONMENTONE RETAIL & SFR
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 10
MENTONE RETAIL & SFR
Regional Map
MENTONE RETAIL & SFR 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 11
Retailer Map
MENTONE RETAIL & SFR 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 12
Location Maps
MENTONE RETAIL & SFR 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 13
Aerial Map
MENTONE RETAIL & SFR 2 | LOCATION INFORMATION
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FINANCIAL ANALYSIS
3 | FINANCIAL ANALYSIS
RENT ROLL
3FINANCIAL ANALYSISMENTONE RETAIL & SFR
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 15
TENANT
MIX
UNIT
SIZE (SF)
MONTHLY
RENT
ANNUAL
RENT
% OF
GLA
PRICE
PER SF/YR
1 RETAIL 1,707 $1,458 $17,497 75.3 $10.25
1 SFR 560 $1,250 $15,000 24.7
TOTALS:
2 2,267 $2,708 $32,496 100% $7.72
NOTES:
TENANTS PAY ELECTRICITY, GAS, TRASH.
Rent Roll
MENTONE RETAIL & SFR 3 | FINANCIAL ANALYSIS
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DEMOGRAPHICS
4 | DEMOGRAPHICS
DEMOGRAPHICS MAP
4DEMOGRAPHICSMENTONE RETAIL & SFR
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 17
POPULATION 1 MILE 3 MILES 5 MILES
Total Population 9,063 49,949 117,277
Median Age 31.6 33.6 35.4
Median Age (Male) 33.2 31.6 33.3
Median Age (Female) 31.3 35.0 36.8
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total Households 3,008 16,397 39,676
# Of Persons Per HH 3.0 3.0 3.0
Average HH Income $74,412 $84,547 $85,380
Average House Value $426,313 $440,778
* Demographic data derived from 2010 US Census
Demographics Map
MENTONE RETAIL & SFR 4 | DEMOGRAPHICS
www.kwcommercial.com 18
ADDITIONAL INFORMATION
5 | ADDITIONAL INFORMATION
SITE PLAN
5ADDITIONAL INFORMATIONMENTONE RETAIL & SFR
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 19
Site Layout
MENTONE RETAIL & SFR 5 | ADDITIONAL INFORMATION