2.02 acres - loopnet · 2017. 9. 25. · marcus & millichap real estate investment services is a...

NEW DEVELOPMENT OPPORTUNITYNWC BASELINE & SIERRA AVENUE, FONTANA 92336

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2.02 Acres

Janine PeltierCCIMOffice: (909) 456-3435Mobile: (909) [email protected] License: 01856798

Kimberly ChandlerAgent AssistantOffice: (909) [email protected]

Kevin BoeveSenior Vice President InvestmentsOffice: (909) [email protected] License: 01247016

PRESENTED BY

Ontario Office3281 E. Guasti Road #800Ontario, CA 91761

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653

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investment overview1 Mile 3 Miles 5 Miles

2016 Population 21,508 167,898 356,7102016 Households 4,903 40,419 85,1382016 Average Household Size 4.21 4.00 3.942016 Daytime Population 1,520 20,663 58,2532016 Owner Occupied Housing Units 68.57% 61.85% 65.13%2016 Renter Occupied Housing Units 31.39% 37.32% 34.36%2016 Average Household Income $61,459 $67,004 $69,685

2016 Population by Race 1 Mile 3 Miles 5 MilesWhite 16,658 125,171 265,598Black 1,948 17,727 39,347American Indian and Alaskan 514 3,583 7,288Asian 930 10,036 20,144Hawaiian & Pacific Island 528 4,634 9,770Other 0 9 43

Baseline Avenue

Sierra Avenue

38,650 CARS PER DAYIntersection of Sierra Avenue &

Baseline Avenue

Address NWC Sierra Avenue and Baseline AvenueFontana, CA 92336

Price $1,795,000Price Per SF $20.33Square Feet 88,296 SFLot Size 2.02 Acres

financial overview · Available Immediately

· Exceptional Development Potential For Retail and Other Commercial Uses

· Excellent Visibility and Access

investment highlights

Marcus & Millichap is pleased to present the opportunity to develop approximately 88,296-square feet of commercial space in close proximity to the Fontana Promenade Specific Plan, a 123.9-acre mas-ter-planned mixed-use community fronting Interstate 215 in Fontana, California. The project will include a sophisticated mix of shop, work, live, play, and stay options. The development opportunity is centrally located less than 2 miles from Interstate 215 (107,000 CPD) with frontage along the intersection of Base-line Avenue and Sierra Avenue with combined traffic counts of 38,650 cars per day.

The city of Fontana is on the rise with the Promenade Specific Plan as the catalyst fueling the city’s rede-velopment. The Fontana General Plan offers flexible zoning as “Local Activity Center” within the Fontana Promenade Specific Plan with permitted use of Multiple family dwelling (Condominiums, Townhomes and/or Apartments) and Senior Housing with residential density that range from 7.7 up to 24 units per acre.

The General Plan Activity Center Overlay allows conditionally permitted uses of up to 11,000 square feet of neighborhood serving commercial retail and service land uses, to include but not limited to: Daycare, Pharmacy, Coffee Houses, Sit-down fast food, Sit-down restaurants, BanksCredit Unions, Salons/Spa, Professional offices, Service Station, Sales Outlets, Service Business, Institutional uses (buyer/tenant to verify uses with the city of Fontana).

demographics


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parcel overviewlocationNWC Sierra Avenue and Baseline AvenueFontana, CA 92336

siteThe subject property has frontage along Sierra Avenue and Baseline Avenue.

square footageThe lot size is 88,296-square feet (2.02 acres).

traffic countsIntersection of Sierra Avenue and Baseline Avenue has traffic counts of 38,650 cars per day.

parcelsAPN: 0240-111-13 - 69,696 SF (1.6 Acres)APN: 0240-111-03 - 10,200 SF (0.23 Acres)APN: 0240-111-04 - 8,400 SF (0.19 Acres)

38,650 CARS PER DAYIntersection of Sierra Avenue &

Baseline Avenue

Baseline Avenue

Sierra Avenue

APN:0240-111-04

APN:0240-111-03

APN:0240-111-13


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Fontana, the second most populous city in San Bernardino County, is a regional hub of the trucking industry, thanks to the positioning of both I-10 and I-15 within its boundaries. The city is located less than 50 miles west of Los Angeles via I-10, and 108 miles north of San Diego via I-15.

The city owes its economic success to its broad industrial base, where it is home to an abundance of truck dealerships, industrial sales centers, and distribution centers for companies such as Staples, Boot Barn, Walmart, LG, Electronics, Amazon, Under Armour, and much more. The city is densely populated by retail and commercial centers, where a majority of which are situated along Fontana’s major thoroughfares. Top employers in the area include Kaiser Permanente (Employees: 5,300), Fontana Unified School District (3,939), City of Fontana (1,883), and Target (1,393).

One of Fontana’s more prominent landmarks is the Lewis Library and Technology Center, a $60 million project that is known for being the largest library in the San Bernardino County Library System. Most of the city is served by the Fontana Unified School District, while some portions of the city are served by neighboring school districts. Furthermore, Fontana features two Options for Youth Charter Schools, offering an independent study program and small group classes.

210 Freeway - 107,00 Cars Per Day

Cypress Pointe2017 builder community with houses priced from $380,490-$456,490

A.B MillerHIGH SCHOOL

Students: 2,352

DISTRIBUTION CENTER

DISTRIBUTION CENTER

DISTRIBUTION CENTERWayne Ruble MIDDLE SCHOOL

Students: 1,168

Sierra Avenue

Kathy Binks ELEMENTARY SCHOOL

Students: 616

fontana, ca

MangoELEMENTARY SCHOOL

Students: 628

Baseline Avenue

# Employer # of Employees1 Kaiser Permanente 5,3002 Fontana Unified School District 3,9393 City of Fontana 1,8834 Target 1,3935 Manheim Auctions 7006 Better Beverages 5007 American Security Products 4508 Coronado Stone Products 4009 Firth Rixson 38010 Reddaway 350

The city owes its economic success to its broad industrial base, where it is home to an abundance of truck dealerships, industrial sales centers, and distribution centers. The city is densely popu-lated by retail and commercial centers, where a majority of which are situated along Fontana’s major thoroughfares.

Police$46,812,866

Administrative Services$19,852,719

Development Services$18,366,860

Human Resources$5,295,445

Capital Projects$4,200,000

Debt Services$2,888,051

City Administration$2,337,914


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fontana, ca2nd Financially Strong City in America

1,655,582 348,199 994

SQ FT Warehousing Lo-gistics Center Approved

SQ FT Commercial Approved

Single-Family Homes Approved

Pacific Auto CenterEntered into an agreement with Pacific Auto Center to ensure their continued operation and to facilitate the construction of a new deal-ership facility located on the North-West corner of Valley Boulevard and Cypress Avenue.

Valley Kia of FontanaFacilitated the opening and long-term oerpation of a new state-of-the-art Kia dealership within the Fontana Auto Center.

LG ElectronicsWorked with Pacific Industrial to bring LG Electronics to the Sierra Pacific Center in North Fontana.

Household Spending$1,630,139,220

Travel & Transportation$510,196,843

Food$439,907,441

Insurance$280,231,202

Entertainment & Recreation$182,704,369

Apparel & Services$123,523,637

Healthcare$32,530,650

Consumer Spending - $3,199,233,362How Fontana Residents Spend on a Variety of Goods and Services by Households.

Expenditures - $101,815,196Where do general fund dollars go?

Grant Matches$2,061,341


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Fontana Promenade Specific PlanThe Fontana Promenade Specific Plan is a ±123.9-acre master-planned mixed-use community that focuses on creating a vibrant, people-oriented place combining a wide range of retail and office space uses as well as shops, restaurants, and entertainment facilities with a variety of residential product types and densities.

The site is just south of the Sierra Avenue / Interstate 210 freeway interchange, giving the project site direct access to the regional freeway transportation system. The nearby Interstate 15, Interstate 10, Highway 60, and Interstate 215 freeways also provide regional access to the project area.

Citrus Center Retail Plaza• Estimated Delivery, 3rd Quarter 2017• Join 7-Eleven• 1,000 to 9,075 SF Available Shop Space• Entitled Drive-Thru Pad Available

Citrus Center Retail PlazaCitrus Center Retail Plaza is a near complete shopping center with 1,000 to 9,075 SF of available shop space. It is estimated to be delivered in the third quarter of 2017.

Highland Village• 78,000 SF Shopping Center With

Retail Space and Outparcels

Highland VillageNew 78,000-square foot shopping center in Fontana, CA with freeway frontage. Located directly on freeway exit at Interstate 210 (107,000 CPD) and Sierra Highway (17,900 CPD) across the street from a planned Walmart Supercenter. It is also lo-cated across Interstate 210 from Costco and Lowes anchored shopping centers.

210 Freeway - 107,00 Cars Per Day BOSTON’SRESTAURANT & BAR

Fontana Promenade Specific Plan• 123.9-acre master-planned mixed-

use community• Shops• Restaurants• Entertainment• Office

Lennar at Celebration ParkBuilder CommunityFrom $438,090 - $463,590

Citrus GroveBuilder CommunityFrom $467,000 - $522,485

Sierra & Baseline AvenueThe intersection of Sierra Avenue and Baseline Avenue is designated within the land use element of the Fontana General Plan as a “local activity center.” This overlay also allows a FAR of from 0.1 to 1.0 for com-mercial and office uses, and residential densities that range from 7.7 up to 24 units per acre.


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on marketAddress City Price Price/SF Parcel Size14338 Foothill Boulevard Fontana $1,199,000 $18.11 66,211 SFW. Casmalia Street Rialto $2,004,260 $20.00 100,214 SF12842-12892 Foothill Boulevard Rancho Cucamonga $2,995,000 $38.43 77,942 SF15759 Foothill Boulevard Fontana $1,980,000 $19.10 103,673 SFE. Foothill Boulevard Fontana $2,290,000 $22.28 102,802 SFSierra Lakes Parkway Fontana $760,000 $30.03 25,308 SFBaseline Avenue Fontana $1,200,000 $40.03 29,974 SFAlder Avenue Rialto $868,047 $20.00 43,402 SF

recently closedAddress City Price Price/SF Parcel SizeFoothill Boulevard & Cherry Avenue Fontana $1,700,000 $31.96 40,511 SF

Confidentiality AgreementThe information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be made available to any other person or entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Marcus & Millichap.

This offering memorandum has been prepared to provide summary, unverified financial and physical 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, PCBs or asbestos, the compliance with local, 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 offering memorandum 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

2.02 acres - loopnet · 2017. 9. 25. · marcus & millichap real estate investment services is a...

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