aliso viejo, california · 2018-01-29 · aliso viejo was originally part of the 22,000-acre...
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O F F E R I N G M E M O R A N D U M
ALISO VIEJO, CALIFORNIA
2 7 3 7 2A L I S O C R E E K R O A D
ALISO VIEJO, CALIFORNIA
2 7 3 7 2A L I S O C R E E K R O A D
Location• Aerials & Maps• Parcel Map•
TABLE OF CONTENTS
Market
Financials
• Area Information• Demographics• Sale Comparables
• Rent Roll & Pricing• Property Tax Bill
Property• Property Summary• Images• Floor Plans
Exclusive Agent• Jeff Carr
ALISO VIEJO, CALIFORNIA
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property
CBRE | OFFERING MEMORANDUM
BUILDING DETAILS
BUILDING AREA: ±14,037 Square Feet
OFFICE AREA: 100% Office, Two-Story
PARKING: ±4:1,000 Ratio
YEAR BUILT: 2001
CONSTRUCTION: Concrete Tilt-Up
ELEVATOR: Yes
SHOWERS: Yes
BUILDING HIGHLIGHTS:Free-standing divisible building, full kitchen, newly refurbished, frontage on Aliso Creek Road
propertySUMMARY
CBRE | OFFERING MEMORANDUM 27372 ALISO CREEK ROAD
CBRE | OFFERING MEMORANDUM
CBRE | OFFERING MEMORANDUM 27372 ALISO CREEK ROAD
CBRE | OFFERING MEMORANDUM
firstFLOOR
CBRE | OFFERING MEMORANDUM 27372 ALISO CREEK ROAD
secondFLOOR
DnStai
r
SeatingArea
Dn
Mens
Womens
Elev.
Stair
Shower
Elev.Lobby
Exist’gBalcony
ALISO VIEJO, CALIFORNIA
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location
CBRE | OFFERING MEMORANDUM
aerials &MAPS
Aliso Creek Road
Aliso Viejo Parkway
Pacific Park
Moulton Parkway
CBRE | OFFERING MEMORANDUM 27372 ALISO CREEK ROAD
Alis
o Cr
eek
Road
Aliso Viejo Parkway
APN:634-301-03
ALISO VIEJO, CALIFORNIA
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financials
CBRE | OFFERING MEMORANDUM
rentROLL & PRICING
Rent Roll27372 Aliso Creek Road
Aliso Viejo, CA 92656
GLASuit Id Occupant Name Rent Current
ExpirationDate Sqft
Monthly AnnualBase Rent Rate PSF
---------------- Future Rent Increases ----------------Date Monthly Amount PSF
Occupied Suites
2490 -A Emerald Bay 10/1/2017 9/30/2021 1,815 2,888.30 19.10 10/1/1/17 2,888.30 19.1010/1/2018 2,974.95 19.6710/1/2019 3,064.20 20.2610/1/2020 3,156.12 20.87
2490 -B Harcourts Pacific, LLC 10/1/2017 9/30/2020 5,265 8,378.46 19.10 10/1/2017 8,378.46 19.1010/1/2018 8,629.81 19.6710/1/2019 8,888.71 20.26
2490 -D Tom Gorski Insurance Agency 10/1/2017 9/30/2020 1,450 2,307.46 19.10 10/1/2017 2,307.46 19.1010/1/2018 2,376.68 19.6710/1/2019 2,447.98 20.26
2490 -E Taylor Escrow 10/1/2017 9/30/2019 1,537 2,445.90 19.10 10/1/2017 2,445.90 19.1010/1/2018 2,519.28 19.67
2490 -F Preferred Group Properties 10/1/2017 9/30/2020 3,970 6,317.66 19.10 10/1/2017 6,317.66 19.1010/1/2018 6,507.19 19.6710/1/2019 6,702.40 20.26
Monthly Totals: 100.00% 5 Units 14,0370 Units 00 Units 0
Occupied Sqft: Unoccupied Sqft:
Vacant Sqft:Total Sqft: 5 Units 14,037 22,338.00
Annual NOI:
Asking Price:
* Buyer must assume existing 1st Trust Deed in the amount of $2,570,000 at a rate of 4.89%, maturity date of October 2025.
CAP Rate:
PSF:
$268,056.00
6%
$4,467,600.00
$318.27 *
CBRE | OFFERING MEMORANDUM 27372 ALISO CREEK ROAD
CBRE | OFFERING MEMORANDUM
propertyTAX BILL
CBRE | OFFERING MEMORANDUM 27372 ALISO CREEK ROAD
ALISO VIEJO, CALIFORNIA
2 7 3 7 2A L I S O C R E E K R O A D
market
Aliso ViejoAREA INFORMATIONWith award-winning schools, attractive neighborhoods, and fabulous shopping, dining and entertainment, Aliso Viejo is certainly a popular place to live. The
City, which is continually ranked one of the safest cities in the nation, boasts rolling hillside, valley terrain and picturesque views of mountains, streams, parks
and city lights.
This South County city became Orange County’s 34th city when it incorporated on July 1, 2001 due to the efforts of the Aliso Viejo Cityhood 2000 Committee,
which was responsible for introducing an initiative on the ballot for the 2001 special election. Voters passed the initiative with 93.3% in favor of incorporation.
The City of Aliso Viejo is a master planned community that was developed to contain a balance between residential neighborhoods, community parks, facilities
and schools as well as an appropriate mix of business, office and retail uses. The City is home to the headquarters of several large corporations and the
community features ample employment opportunities and extensive recreational facilities. The City also enjoys access to the Orange County trail system. Wood
Canyon Wilderness Park is home to many rare and endangered plants and animals, along with mature oaks, sycamore and elderberry trees and year-round
streams. An abundance of parks and trails, cultural and recreational activities and youth sports programs further enhance the quality of life for a community
with a vision to ensure long-term viability.
The City continues to be ranked among the best places in the nation to live and raise a family and the community mirrors Aliso Viejo’s tagline: “Live Life
Inspired.”
The community name derives from Spanish for “old alder” or “old sycamore.”
Aliso Viejo was originally part of the 22,000-acre Moulton Ranch. In the 1890s, the Moulton family took ownership of land the Mexican government originally
granted to Juan Avila in 1842. In 1976, Mission Viejo Company purchased the last 6,600 acres for a new master-planned community. The ultimate vision for
Aliso Viejo was to feature neighborhoods that mix homes, workplaces, stores and services. A transit-friendly, energy-conscious and land-conserving community,
Aliso Viejo was to foster a sense of community by creating a friendlier streetscape, quality infrastructure like parks, schools and new roads, shopping close to
home, community services and neighbors that genuinely feel connected to the community and to one another in some fashion.
The county approved the master plan for the community in 1979 – and by March of 1982 – the first residential units were offered for sale. About eight months
later, the first residents arrived. Shea Properties purchased the Mission Viejo Company in 1997.
In February of 1995, the Self-Governance Subcommittee of Governmental Affairs, an offshoot of the Aliso Viejo Community Association (AVCA), which was the
first community-wide property owner’s association of its kind in the state, began its push to make Aliso Viejo a city. Two years later, Aliso Viejo Cityhood 2000
was born. In March of 1999, Aliso Viejo Cityhood 2000 launched a petition drive to put the question of cityhood to a community vote. On March 6, 2001,
voters (more than 90 percent) overwhelmingly decided to make Aliso Viejo a city.
Irvine
Costa Mesa
Foothill Ranch
Irvine Spectrum
Laguna Hills
Laguna Niguel
Lake Forest
Mission Viejo
San Clemente
San Juan Capistrano
Rancho Santa Margarita
Aliso Viejo
Tustin
Irvine
CBRE | OFFERING MEMORANDUM
• Total Population | 50,756 people
• Growth Rate 2010-2017 | 6.13%
• Median Age | 36.9
• Average Household Income | $127,275
• Median Home Price | $612,579
aliso viejoDEMOGRAPHICFACTORS
CBRE | OFFERING MEMORANDUM 27372 ALISO CREEK ROAD
top employers inALISO VIEJO
TOP POSITIONS BY SECTOR
technology22%
logistics20%
insurance16%
hotel services
5%food &
beverage
4%institution13%
business services
4%
proximity toEMPLOYMENT
Foothill Ranch22 Minutes Rush-Hour CommuteIrvine Spectrum
13 Minutes Rush-Hour Commute
Laguna Hills9 Minutes Rush-Hour Commute
Laguna Niguel8 Minutes Rush-Hour Commute
Lake Forest16 Minutes Rush-Hour Commute
Mission Viejo13 Minutes Rush-Hour Commute
San Clemente18 Minutes Rush-Hour Commute
San Juan Capistrano12 Minutes Rush-Hour Commute
Rancho Santa Margarita20 Minutes Rush-Hour Commute
TOP
EMPL
OYER
S so
uth
oran
ge c
ount
yMerit Property Management 199 Aliso Viejo
City of San Clemente 197 San Clemente
Saddleback Valley USD 180 Laguna Hills
Quantum Fuel Systems 180 Lake Forest
PADI 180 Rancho Santa Margarita
Santa Margarita Catholic High School 175 Rancho Santa Margarita
Albertsons 170 Laguna Niguel
Memorial Care Home Health 162 Laguna Hills
Ossur Americas 160 Lake Forest
Brookdale San Juan Capistrano 159 San Juan Capistrano
BJ's Restaurant & Brewhouse 150 Laguna Hills
Target 150 San Clemente
USPS 150 San Clemente
Car Sound Exhaust System 150 Rancho Santa Margarita
Lowe's Home Improvement 147 San Clemente
JC Penney 145 Laguna Hills
Junipero Serra Catholic High School 145 San Juan Capistrano
Color Spot Nurseries 135 San Juan Capistrano
UCI 20,386 Irvine
Saddleback College 3,033 Mission Viejo
Edwards Lifesciences 2,987 Irvine
Irvine Unified School District 2,749 Irvine
Blizzard Entertainment 2,622 Irvine
Mission Hospital Regional Medical 2,200 Mission Viejo
Panasonic Avionics 2,122 Lake Forest
Oakley 1,987 Lake Forest
Broadcom 1,900 Irvine
Loan Depot 1,890 Lake Forest
Saddleback Memorial Medical 1,707 Laguna Hills
Parker Hannifin 1,700 Irvine
Nationstar Mortgage 1,556 Irvine
Glidewell Labs 1,538 Irvine
24 Hour Fitness 1,426 Irvine
Thales Avionics 1,424 Irvine
Applied Medical 1,304 Rancho Santa Margarita
Saddleback Unified School District 1,200 Mission Viejo
UPS 1,000 Aliso Viejo
O'Connell Landscape 980 Rancho Santa Margarita
Capistrano Unified School District 814 San Clemente
Pacific Life 811 Aliso Viejo
Capistrano Unified School District 691 Mission Viejo
Capistrano Unified School District 679 Aliso Viejo
Fluor 630 Aliso Viejo
Saddleback Valley School District 606 Rancho Santa Margarita
Quest Software 600 Aliso Viejo
Lucas & Mercier Construction 553 Rancho Santa Margarita
Schnieder Electric 550 Lake Forest
Costco 525 Laguna Niguel
Capistrano Unified School District 509 Laguna Niguel
Qlogic 490 Aliso Viejo
Spectrum Brands HHI 474 Lake Forest
Bal Seal Engineering 447 Lake Forest
St. Margaret's of Scotland School 429 San Juan Capistrano
Nordstrom 409 Mission Viejo
Life Time Fitness 332 Laguna Niguel
Macy's 320 Mission Viejo
Alcon Research 315 Lake Forest
Wal-Mart 315 Lake Forest
Home Depot 307 Lake Forest
Apria Healthcare 307 Lake Forest
Target 300 Mission Viejo
Wal-Mart 294 Laguna Niguel
Costco 294 San Juan Capistrano
City of Mission Viejo 269 Mission Viejo
YMCA 262 Laguna Niguel
Fisherman's Restaurant 260 San Clemente
Renaissance 259 Aliso Viejo
Five Star-Villa Valencia 250 Laguna Hills
Dynacast 250 Lake Forest
Target 247 Rancho Santa Margarita
Laguna Hills Health and Rehab 245 Laguna Hills
Ralphs 243 San Clemente
Pepsi Beverage Company 215 Aliso Viejo
Mercedes Benz of Laguna Niguel 215 Laguna Niguel
Capistrano Unified School District 215 Rancho Santa Margarita
Vocational Visions 211 Mission Viejo
Whole Foods 210 Laguna Niguel
Smith Micro Software 200 Aliso Viejo
Home Depot 200 Laguna Niguel
Wal-Mart 200 San Clemente
Control Components Inc. 200 Rancho Santa Margarita
saleCOMPARABLES
8961 Research Drive, Irvine Spectrum9,900 SF | $363/SF
7/11/16
16451 Scientific, Irvine Spectrum9,900 SF | $398/SF
2/6/17
27412 Aliso Creek, Aliso Viejo12,581 SF | $349/SF
7/8/16
5440 Trabuco Road, Irvine12,000 SF | $370/SF
4/26/17
7
6
2
3
1
2
4
9950 Research Drive, Irvine Spectrum9,920 SF | $485/SF
7/7/17
27372 Calle Arroyo, San Juan Capistrano7,297 SF | $357/SF
3/9/17
9950 Research Drive, Irvine Spectrum9,920 SF | $425/SF
1/10/17
10 Truman, Irvine5,219 SF | $475/SF
9/12/16
5
36
1
8
4
5
7
6
8
ALISO VIEJO, CALIFORNIA
2 7 3 7 2A L I S O C R E E K R O A D
exclusiveagent
27372 ALISO CREEK ROAD
JEFF CARRSENIOR VICE PRESIDENTJeff Carr began his commercial real estate career in 1991 and was honored as “Rookie of the Year.” Since then, he has received numerous regional and national awards for his exemplary performance and achievements.
Since joining CBRE in 1994, Mr. Carr’s focus has been providing unparalleled service to South Orange County tenants and owners. Mr. Carr has been responsible for 12 build-to-suits, land sales in excess of 200 acres – and other lease or sale transactions totaling over 15 million square feet.
exclusiveAGENT
HONORS AND AWARDS
5-time CBRE National Recognition
8-time winner, Top 10% - So. California Region
6-time winner, Top 10% - Newport Beach Office
10-time winner, Irvine Company Broker of the Year
EDUCATION
University of California, San Diego
Bachelor of Arts, Management Science
JEFF CARR
Senior Vice President+1 949 725 8631
Lic. [email protected]
PRESENTED BY
CBRE © 2017 All Rights Reserved. All information included in this proposal pertaining to CBRE including but not limited to its operations, employees, technology and clients are proprietary and confidential, and are supplied with the understanding that they will be held in confidence and not disclosed to third parties without the prior written consent of CBRE. This letter/proposal is intended solely as a preliminary expression of general intentions and is to be used for discussion purposes only. The parties intend that neither shall have any contractual obligations to the other with respect to the matters referred herein unless and until a definitive agreement has been fully executed and delivered by the parties. The parties agree that this letter/proposal is not intended to create any agreement or obligation by either party to negotiate a definitive lease/purchase and sale agreement and imposes no duty whatsoever on either party to continue negotiations, including without limitation any obligation to negotiate in good faith or in any way other than at arm’s length. Prior to delivery of a definitive executed agreement, and without any liability to the other party, either party may (1) propose different terms from those summarized herein, (2) enter into negotiations with other parties and/or (3) unilaterally terminate all negotiations with the other party hereto.
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.