10843 new jersey st - [email protected] ca dre# #01870646 all materials and information...

KW COMMERCIAL

1473 Ford Street

Redlands, CA 92373T.C. OBICHANGAssociate0: 909.793.2100C: [email protected] DRE# #01870646

10843 NEW JERSEY ST

OFFERING MEMORANDUM

PRESENTED BY:

REDLANDS, CA 92373

OFFERING MEMORANDUM

www.kwcommercial.com 2

KW COMMERCIAL

1473 Ford Street

Redlands, CA 92373

Confidentiality & Disclaimer

T.C. OBICHANGAssociate0: 909.793.2100C: [email protected] DRE# #01870646

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty 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 orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

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 andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished 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 withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Redlands in compliance with all applicable fair housing and equal opportunity laws.

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. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, 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 advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

REDLANDS, CA

http://www.kwcommercial.com

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

ADDITIONAL PHOTOS

1PROPERTY INFORMATION10843 NEW JERSEY ST

OFFERING MEMORANDUM


OFFERING SUMMARY

SALE PRICE: $1,670,000

LOT SIZE: 4.17 Acres

ZONING: EV/IC

PRICE / SF: $9.19

PROPERTY OVERVIEW

PRIME LAND FOR INDUSTRIAL IN THE CITY OF REDLANDS! 4.17ACRES ZONED EV/IC (COMMERCIAL INDUSTRIAL). VARIOUSALLOWED USES INCLUDING WAREHOUSE FACILITIES.CURRENTLYA SINGLE-FAMILY RESIDENCE AND 2 RENTAL UNITS ONPROPERTY. ALONG WITH 700 +/- ORANGE TREES WELLMAINTAINED BY THE OWNERS. PLEASE CONTACT LISTING AGENTFOR FURTHER INFORMATION.

PROPERTY HIGHLIGHTS

• 4.17 ACRES

• INDUSTRIAL ZONE

• LESS THAN A MILE FROM 10 FWY

• ALLOWED USES: WAREHOUSE

Executive Summary

10843 NEW JERSEY ST 1 | PROPERTY INFORMATION



PROPERTY OVERVIEW

PRIME LAND FOR INDUSTRIAL IN THE CITY OF REDLANDS! 4.17ACRES ZONED EV/IC (COMMERCIAL INDUSTRIAL). VARIOUSALLOWED USES INCLUDING WAREHOUSEFACILITIES.CURRENTLY A SINGLE-FAMILY RESIDENCE AND 2RENTAL UNITS ON PROPERTY. ALONG WITH 700 +/- ORANGETREES WELL MAINTAINED BY THE OWNERS. PLEASECONTACT LISTING AGENT FOR FURTHER INFORMATION.

LOCATION OVERVIEW

LOCATED IN AN INDUSTRIAL CORRIDOR OF THE CITY AND 0.9MILE FROM 10 FWY.

Property Description




SALE PRICE $1,670,000

LOCATION INFORMATION

Building Name 10843 NEW JERSEY ST

Street Address 10843 NEW JERSEY ST

City, State, Zip Redlands, CA 92373

County/Township San Bernardino

Cross Streets W PARK AVE

LAND

Number Of Lots 1

Best Use WAREHOUSE/DISTRIBUTION

PROPERTY DETAILS

Property Type Land

Property Subtype Industrial

Zoning EV/IC

Lot Size 4.17 Acres

APN# 0292-154-21

Property Details




Additional Photos



LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATION10843 NEW JERSEY ST

OFFERING MEMORANDUM


10843 NEW JERSEY ST

Regional Map

10843 NEW JERSEY ST 2 | LOCATION INFORMATION



Location Maps




10843 NEW JERSEY ST

Aerial Map



SALE COMPARABLES

3 | SALE COMPARABLES

SALE COMPS

SALE COMPS SUMMARY

SALE COMPS MAP

CITY INFORMATION

3SALE COMPARABLES10843 NEW JERSEY ST

OFFERING MEMORANDUM


Subject Property

10843 NEW JERSEY ST | Redlands, CA 92373

$1,670,000Sale Price: 4.17 AcresLot Size:

$9.19Price PSF: $400,480Price / AC:

PRIME LAND FOR INDUSTRIAL IN THE CITY OF REDLANDS! 4.17 ACRES ZONED EV/IC (COMMERCIAL INDUSTRIAL). VARIOUS ALLOWED USES INCLUDING WAREHOUSE FACILITIES. LOCATED IN ANINDUSTRIAL CORRIDOR OF THE CITY AND 0.9 MILE FROM 10 FWY. CURRENTLY A SINGLE-FAMILY RESIDENCE AND 2 RENTAL UNITS ON PROPERTY. ALONG WITH 700 +/- ORANGE TREES WELLMAINTAINED BY THE OWNERS. PLEASE CONTACT LISTING AGENG FOR FURTHER INFORMATION.

ADJACENT PARCEL.

1

INDUSTRIAL (NEIGHBOR)

10797 NEW JERSEY ST | REDLANDS, CA 92373

$1,800,000Sale Price: 196,020 SFLot Size:

$9.18Price PSF: $400,000Price / AC:

03/06/2018Closed:

1

Sale Comps

10843 NEW JERSEY ST 3 | SALE COMPARABLES



1

SUBJECT PROPERTY PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP

10843 NEW JERSEY ST10843 NEW JERSEY STRedlands, CA 92373

$1,670,000 - 4.17 AC $9.19 $400,480 -

SALE COMPS PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP

INDUSTRIAL (NEIGHBOR)10797 NEW JERSEY STREDLANDS, CA 92373

$1,800,000 - 4.5 AC $9.18 $400,000 -

PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP

Totals/Averages $1,800,000 - 4.5 AC $9.18 $400,000 -

Sale Comps Summary




10843 NEW JERSEY ST | Redlands, CA 92373SUBJECT PROPERTY

110797 NEW JERSEY STREDLANDS, CA 92373

INDUSTRIAL (NEIGHBOR)

Sale Comps Map




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• Add highlights

REDLANDS, CA

"The City of Redlands, settled against the striking backdrop of the San Bernardino Mountains and lushcanyon lands, is the gem of the Inland Empire." (City of Redlands GenMap)

This expanding city has experienced tremendous growth within recent years. As local and prominenthomebuilders are creating news communities in the residential sector to commercial giants, likePrologis, staking claim within the city.

With the growing footprint of the industrial submarket, Redlands is poised to become a well knownhub within the Inland Empire. Future developments on all fronts are looming with no foreseeable signsof stopping.

City Information



DEMOGRAPHICS

4 | DEMOGRAPHICS

DEMOGRAPHICS MAP

4DEMOGRAPHICS10843 NEW JERSEY ST

OFFERING MEMORANDUM


POPULATION 1 MILE 5 MILES 10 MILES

Total population 4,709 160,255 708,175

Median age 33.4 33.0 30.5

Median age (male) 33.2 31.0 29.1

Median age (Female) 33.5 34.5 31.8

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 1,925 52,378 213,510

# of persons per HH 2.4 3.1 3.3

Average HH income $71,366 $71,681 $63,687

Average house value $352,072 $376,505 $326,610

* Demographic data derived from 2010 US Census

Demographics Map

10843 NEW JERSEY ST 4 | DEMOGRAPHICS


10843 new jersey st - [email protected] ca dre# #01870646 all materials and information...

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