industrial condo - 26796 vista terrace, lake forest, ca 92630 · as fujitsu, boost mobile, uk...

Industrial Condo26796 Vista Terrace, Lake Forest, CA 92630

O F F E R I N G M E M O R A N D U M

LISTED BY: C A R T E R H A D L E YASSOCIATE

[email protected] (949) 662-2260MOB (949) 293-1274LIC # 02095908 (CA)

A L E X A N D E R H A R R O L DVP & SENIOR DIRECTOR


Contents

E x e c u t i v e S u m m a r y

F I N A N C I A L O V E R V I E W

A R E A O V E R V I E W

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INDUSTRIAL CONDO - LAKE FOREST, CAMATTHEWS™ 4 |

Executive Summary

• Prime SoCal Location – This property is strategically located in the Lake Forest Industrial submarket right off Lake Forest Drive (±25,000 VPD) with direct access to the 241 Foothill Transportation Corridor boasting an average of ±50,000 vehicles per day.

• Lake Forest Industrial Market - Tight vacancies and limited construction this cycle has allowed for strong rent growth to push to the top of the market (up 4.7% Y/Y), tenants comprised of tech tenants that include Applied Medical Research (300,000 SF) and other industrial users from Oakley to Kawasaki Motor Sports (500,000 SF) and 200,000 SF respectively.

• Quality Construction – This 9,315 SF concrete facility was built in 1990 featuring a two story office (±3,600 SF) and warehouse (±5,715 SF) with a 22’ clear height. The building comes with extensive parking and two (2) 12’ x 12’ grade level doors and a new roof coating (2018).

INDUSTRIAL CONDO - LAKE FOREST, CAMATTHEWS™ 4 | | 5

financial overview

» ADDRESS 26796 Vista Terrace

» MSA Orange County, CA

» TOTAL BUILDING SQUARE FEET ±9,315

» LOT SQUARE FEET ±7,760

» Two Story Office Sq. Ft. ±3,600

» Warehouse Sq. Ft. ±5,715

» Construction Concrete Tilt Up

» Warehouse Clear Height ±22'

» Grade Level Doors Two (2)

» BuiLT 1990

» Industrial Submarket Lake Forest

» Mezzanine Yes

» Restrooms Four (4)

Price $3,260,000

Price/SF $349.97


Aerial map

F O O T H I L L B U S I N E S S PA R K

N A K A S E B R O T H E R SW H O L E S A L E

I N D U S T R I A L C O N D O

B A K E P K W Y± 6 0 , 0 0 0 V P D

L A K E F O R E S T D R± 2 5 , 0 0 0 V P D

F O O T H I L L T R A N S P. C O R R I D O R ± 5 0 , 0 0 0 V P D


Aerial map

5±250,000 VPD

Foothill Transportation Corridor

±50,000 VPD

LAKE FOREST DIRVE±25,000 VPD

BAKE PKWY ±60,000 VPD

26796 Vista Terrace

405±200,000 VPD


FLOOR PLAN

SECOND FLOOR

FIRST FLOOR


AREA OVERVIEW

INCOME 1-Mile 3-Mile 5-Mile

2019 Est. AverageHousehold Income $136,601 $117,402 $141,188

L a k e F o r e s t, C ALake Forest is a c i ty in Orange County, Cal i fornia . Pr ior to incorporat ion, the community had been known as El Toro.Fol lowing a vote in 2000, Lake Forest expanded i ts c i ty l imits to inc lude the master-planned developments of Foothi l l Ranch and Portola Hi l ls . This expansion brought new homes and commercia l centers to the northeastern boundary of the c i ty.

Lake Forest has two lakes from which the c i ty gets i ts name. The lakes are man-made, and condominiums and custom homes ranging from large to smal l l ine their shores. Neighborhood associat ions manage the lakes (Lake 1, known as the Lake Forest Beach and Tennis Club, and Lake 2, the Sun and Sai l Club. ) Each faci l i ty features tennis courts , gyms, basketbal l courts , barbecue pits , vol leybal l courts , mult ip le swimming pools , saunas, hot tubs and c lub houses for socia l events .

The “forest” for which the c i ty is a lso named l ies in the area between Ridge Route, Jeronimo, Lake Forest and Serrano roads, and consists most ly of Eucalyptus trees. It is a lso man-made, and was created in the f i rst decade of the 1900s when a local landowner, Dwight Whit ing, p lanted 400 acres of Eucalyptus groves in the v ic in ity of Serrano Creek as part of a lumber operat ion intended to draw development to the area. In the late 1960s, the Occidental Petroleum company developed a res ident ia l community in and around the Eucalyptus groves, which had long s ince expanded and grown much more dense.

POPULATION 1-Mile 3-Mile 5-Mile

2025 Projection 8,529 104,931 317,406

2020 Estimate 8,347 101,346 304,735

2010 Census 7,912 91,379 263,271

Growth: 2020 - 2025 2.18% 3.54% 4.16%

Growth: 2010 - 2020 5.50% 10.91% 15.75%

D e m o g r a p h i c s

HOUSEHOLD 1-Mile 3-Mile 5-Mile

2025 Projection 3,105 43,166 123,914

2020 Estimate 3,030 41,538 118,857

2010 Census 2,830 36,893 101,659

Growth: 2020 - 2025 2.48% 3.92% 4.25%

Growth: 2010 - 2020 7.07% 12.59% 16.92%

DOYLE SURFBOARDs

INDUSTRIAL CONDO - LAKE FOREST, CAMATTHEWS™ 10 | Casca-CA|7

Orange County has a tota l of 3 mi l l ion res idents and is the home of excit ing profess ional sports , legendary theme parks , and pr ist ine beaches. It ’s a wealthy, v ibrant and highly educated place that cont inues to exper ience growth. It ’s the 6th largest county in the nat ion and has a c iv i l ian labor force of 1.6 mi l l ion. Orange County has 42 mi les of beaches and innumerable dest inat ions that br ing many tour ists and res idents to the area. It is becoming one of the most desirable places to l ive with the nat ion’s lowest overal l cr ime rate, qual i ty high schools , and renowned univers i t ies , and a v ibrant entrepreneur ia l c l imate. Its geographic locat ion a lso makes i t one of the most advantageous economic locat ions, centered between San Diego, LA and Rivers ide Counties .

Orange County’s economy is consistent ly one of the highest performing economies in Southern Cal i fornia . Orange County is a state leader in job creat ion with extra 41,000 jobs created year after year. The county’s largest employer is the Disneyland Resort , employing 27,000 employees. And the county is in a posit ion to see an increase in job growth over the next two years . The numerous economic advantages attract many companies to re locate to Orange County.

O R A N G E C O U N T Y, C A


Orange County is s i tuated between the iconic c i t ies of Los Angeles and San Diego stretching up and down the west coast from Seal Beach to San Clemente. Due to the large populat ion being highly educated and wealthy, the OC has a major economic advantage. It is consistent ly one of the highest performing economies in Southern Cal i fornia . Since 2015, the unemployment has dropped dramatica l ly, providing thousands of new jobs year after year. Employers such as Fuj i tsu, Boost Mobi le , UK Defense Contractors and Disneyland Resort have contr ibuted to i ts boom. In effect , the housing sector has a lso exper ienced a r ise in rents and lower vacancy rates.

The job categor ies predicted to increase are construct ion, educat ion and health, and profess ional and business services.

Addit ional ly, Chapman sees local incomes, reta i l spending and home pr ices cont inuing to r ise as re lat ive economic strength is a lso foreseen nat ional ly and statewide. With the predicted increase in personal income, household budgets are looking to increase providing more room for le isurely spending.

#1SAFEST AREA IN THE NATION

3rdMOST POPULOUS COUNTY IN THE NATION

Top 7WEALTHIEST COUNTIES IN CALIFORNIA


O r a n g e C o u n t y U n i v e r s i t i e s

Chapman University is a private institution who is ranked among the Best Colleges and 2nd Most Innovative Schools. Located in Orange County, Chapman encompasses nine schools and colleges including their popular and accredited George L Argyros School of Business and Economics and Dale E. Fowler School of Law. The University attracts students from all over the world. Currently enrolled are students from 49 states and 60 different countries.

With an enrollment of over 35,000 students, UC Irvine is ranked among the nation’s top public universities. The university offers 87 undergraduate degree programs, 129 graduate and professional degrees along with 50 Ph.D. programs. University of California, Irvine has successful athletics with 28 national titles in nine different sports. Additionally, this UC school contributes $5 billion annually to the local Orange County economy.

U n i v e r s i t y o f C a l i f o r n i a , I r v i n e

CSU Fullerton has a large impact on both the local and statewide economy. Annual spending related to the university generates a total impact of $1 billion which sustains more than 8,700 jobs in the region and 9,000 jobs statewide. Every year, the economic impact generated by the university contributes to more than $60 million in local and nearly $65.5 million in statewide tax revenue.

C a l i f o r n i a S tat e U n i v e r s i t y, F u l l e r t o n

C h a p m a n U n i v e r s i t y


This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of the Industr ial Condo located at 26796 Vista Terrace, Lake Forest, CA 92618. I t has been prepared by Matthews Retai l Advisors. This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Retai l Advisors. The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the Sel ler.

Owner and Matthews Retai l Advisors expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Retai l Advisors or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

C O N F I D E N T I A L I T Y & D I S C L A I M E R S T A T E M E N T


Industrial Condo 26796 VISTA TERRACE | LAKE FOREST, CA 92618

™

LISTED BY: C A R T E R H A D L E YASSOCIATE


A L E X A N D E R H A R R O L DVP & SENIOR DIRECTOR


industrial condo - 26796 vista terrace, lake forest, ca 92630 · as fujitsu, boost mobile, uk...

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