offering memorandum for gold coast steel supply and property...offering memorandum for gold coast...
TRANSCRIPT
3440 Wilshire Blvd. Ste #490, Los Angeles, CA 90010Tel: 213-263-2514, Fax: 213-263-2615_____________________________________________________________________________________
Offering Memorandumfor
Gold Coast Steel Supply and Property
Location: 1140 Mountain View Ave, Oxnard, CA 93030At Oxnard/Pt Hueneme Industrial Sub Market
Price: $4,250,000 including Property and Business Square Feet: 31,084 SF Lot Size: 77,101 SF Property Type: Industrial Building Style: Owner Occupied Building Property Usage: Steel Supply and Fabrication Contact Point: Kenny Yoo
213-379-2221, [email protected]
Page 1
2/23/2018
1140 Mountain View Ave - Gold Coast SteelOxnard, CA 93030 - Oxnard/Pt Hueneme Ind Submarket
Property Summary Report
BUILDINGType: Class C Industrial
Subtype: Warehouse
Tenancy: Multiple
Year Built: 1963
RBA: 31,084 SF
Floors: 1
Typical Floor: 31,084 SF
LANDLand Area: 1.77 AC
Zoning: M2
Parcel 201-0-291-155
EXPENSES PER SFTaxes: $0.42 (2008)
LOADINGDrive Ins: 5 tot. Rail Spots: None
LEASINGAvailable Spaces: No Spaces Currently Available
TRANSPORTATIONParking: 15 free Surface Spaces are available; Ratio of 0.48/1,000 SF
Commuter Rail: 4 minute drive to Oxnard Commuter Rail (Ventura County Line)
KEY TENANTSGold Coast Steel & Supply Inc 31,084 SF
PROPERTY CONTACTSRecorded Owner: Gold Coast Steel Supply Inc
Copyrighted report licensed to Wilshire Realty & Investment - 833038.
Page 2
2/23/2018
1140 Mountain View Ave - Gold Coast SteelOxnard, CA 93030 - Oxnard/Pt Hueneme Ind Submarket
Property Summary Report
MARKET CONDITIONS
Vacancy Rates Current YOY
Current Building 0.0% 0.0%
Submarket 2-4 Star 1.8% 0.6%
Market Overall 2.6% 0.3%
Asking Rents Per SF Current YOY
Submarket 2-4 Star $0.65 6.3%
Market Overall $0.73 6.3%
Submarket Leasing Activity Current YOY
12 Mo. Leased SF 1,000,800 20.1%
Months On Market 4.6 1.5 mo
Submarket Sales Activity Current YOY
12 Mo. Sales Volume (Mil.) $80.7 29.1%
12 Mo. Price Per SF $117 8.1%
Copyrighted report licensed to Wilshire Realty & Investment - 833038.
Page 3
2/23/2018
Aerial / Map Report
1140 Mountain View Ave - Oxnard, CA 93030
Copyrighted report licensed to Wilshire Realty & Investment - 833038.
Page 4
2/23/2018
Aerial / Map Report
1140 Mountain View Ave - Oxnard, CA 93030
Copyrighted report licensed to Wilshire Realty & Investment - 833038.
Page 7
2/23/2018
100%
-
-
0 SF
1.77 AC
Industrial
% Leased:
Office Avail:
Warehse Avail:
Total Available:
Land Area:
Building Type:
Rent/SF/Mo: -
31,084 SFRBA:
Radius 1 Mile 3 Mile 5 Mile
Population
2022 Projection 21,713 201,453 259,753
2017 Estimate 21,438 196,679 252,682
2010 Census 22,073 190,914 240,472
Growth 2017 - 2022 1.28% 2.43% 2.80%
Growth 2010 - 2017 -2.88% 3.02% 5.08%
2017 Population by Hispanic Origin 19,961 152,687 180,329
2017 Population 21,438 196,679 252,682
White 19,031 88.77% 162,022 82.38% 208,492 82.51%
Black 562 2.62% 7,049 3.58% 8,962 3.55%
Am. Indian & Alaskan 927 4.32% 6,201 3.15% 7,765 3.07%
Asian 440 2.05% 14,961 7.61% 18,782 7.43%
Hawaiian & Pacific Island 62 0.29% 927 0.47% 1,166 0.46%
Other 417 1.95% 5,519 2.81% 7,516 2.97%
U.S. Armed Forces 17 1,584 2,458
Households
2022 Projection 4,572 49,052 69,018
2017 Estimate 4,520 47,859 66,969
2010 Census 4,684 46,379 62,941
Growth 2017 - 2022 1.15% 2.49% 3.06%
Growth 2010 - 2017 -3.50% 3.19% 6.40%
Owner Occupied 1,760 38.94% 26,618 55.62% 36,930 55.14%
Renter Occupied 2,760 61.06% 21,241 44.38% 30,039 44.86%
2017 Households by HH Income 4,519 47,859 66,967
Income: <$25,000 1,211 26.80% 7,315 15.28% 9,588 14.32%
Income: $25,000 - $50,000 1,526 33.77% 11,336 23.69% 15,045 22.47%
Income: $50,000 - $75,000 791 17.50% 9,908 20.70% 13,408 20.02%
Income: $75,000 - $100,000 534 11.82% 7,027 14.68% 10,022 14.97%
Income: $100,000 - $125,000 211 4.67% 4,923 10.29% 6,936 10.36%
Income: $125,000 - $150,000 84 1.86% 3,003 6.27% 4,292 6.41%
Income: $150,000 - $200,000 84 1.86% 2,676 5.59% 4,598 6.87%
Income: $200,000+ 78 1.73% 1,671 3.49% 3,078 4.60%
2017 Avg Household Income $54,451 $77,720 $82,801
2017 Med Household Income $43,754 $62,674 $65,962
Demographic Summary Report
Gold Coast Steel1140 Mountain View Ave, Oxnard, CA 93030
Copyrighted report licensed to Wilshire Realty & Investment - 833038.
Page 8
2/23/2018
100%
-
-
0 SF
1.77 AC
31,084 SF
Industrial
% Leased:
Office Avail:
Warehse Avail:
Total Available:
Land Area:
RBA:
Building Type:
Rent/SF/Mo: -
Street Cross Street Cross Str DistCountYear
Avg DailyVolume
VolumeType
Miles fromSubject Prop
1 Pacific Ave Mountain View Ave 0.04 N 2016 8,000 MPSI .13
2 E Wooley Rd Mercantile St 0.04 E 2016 16,700 MPSI .24
3 E Wooley Rd Telstar Dr 0.06 E 2016 15,200 MPSI .26
4 E Wooley Rd Telstar Dr 0.02 E 2012 15,812 MPSI .29
5 E 5th St Diaz Ave 0.02 W 2016 15,600 MPSI .33
6 S Rose Ave Mountain View Ave 0.05 N 2016 35,800 MPSI .40
7 E Wooley Rd Factory Ln 0.03 W 2016 15,600 MPSI .45
8 E Wooley Rd Factory Ln 0.01 W 2012 17,789 MPSI .47
9 E 5th St S Rose Ave 0.06 E 2016 14,900 MPSI .47
10 S Rose Ave Westar Dr 0.08 S 2016 26,600 MPSI .51
Traffic Count Report
Gold Coast Steel1140 Mountain View Ave, Oxnard, CA 93030
Copyrighted report licensed to Wilshire Realty & Investment - 833038.