san pablo ave and tara hills dr€¦ · 6 % 15 % 10 % 4 % 17 % san pablo ave and tara hills dr 11....

P R E S E N T E D B Y

Cameron Bierwith

Associate

San Francisco Office

Tel: (415) 625-2144

Fax: (415) 963-3010

[email protected]

License: CA 02031076

Offering Memorandum

SAN PABLO AVE AND TARA HILLS DRPinole, CA 94564

SAN PABLO AVE AND TARA HILLS

DR

Pinole, CA

ACT ID Z0020007

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this

marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with,

or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent,

product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant

lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE

CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we

make no representations or warranties, express 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. Marcus &

Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. Â© 2017 Marcus & Millichap. All

rights reserved.

2

SAN PABLO AVE AND TARA HILLS DR

3

INVESTMENT

OVERVIEW

REGIONAL MAP


4

LOCAL MAP


5

AERIAL PHOTO


6

PROPERTY OVERVIEW


Marcus and Millichap is pleased to please to offer 60,000+ sqft lot in the heart of San Pablo. Positioned on the busy intersection of San Pablo Ave and Tara Hills Dr, With daily

traffic counts approximately 15,000+ cars in either direction, exposure is one of the best descriptors for the property. Terra Hills Lot is centrally located on San Pablo Ave and

Terra Hills. Zoned Commercial P1 totaling 60,000+ square feet, with daily traffic counts exceeding 15,000+ daily. Located near numerous new residential developments and

1.2miles from the Whole Foods Distribution center.

-------------------------------------------------

Development Standards: Commercial (CO)

Minimum Lot Area – 3500 sq.ft. Maximum Lot Coverage – N/A Rear Yard Setback - none

Minimum Lot Width – 35 ft. Front Yard Setback – 10ft. Parking – 4/1,000 sq.ft.

Maximum Building Height – 50ft Side Yard Setback – None Minimum Landscaped Area – Subject To Review and Approval

Floor Area Ratio (FAR) – N/A Street Side Yard Setback – 10 ft.

PROPERTY OVERVIEW

▪ 1.4 Acers of Commercial Zoned Land

▪ Easy Access to I-80 Corridor, Rich Parkway and San

Rafael Bridge

▪ Excellent Visibility

7

PROPERTY HIGHLIGHTS

PRICING OVERVIEW


▪Offered at: $600,000

▪ 1.4 Acres of Land

▪Priced at $9.84/Square Foot

8


9

MARKET

OVERVIEW

MARKET OVERVIEW

OAKLANDOVERVIEW

The Oakland metro is located on the east side of the San Francisco

Bay and contains Alameda and Contra Costa counties. The metro

encompasses 1,470 square miles, including nearly 20 miles of

coastline. The Oakland metro has a population of 2.8 million residents

in more than 30 municipalities. Oakland is the most populous city, with

430,000 people, followed by Fremont and Hayward, with 227,600 and

157,400 citizens, respectively. Lower housing costs and quick access

across the Bay lure many San Francisco workers to the East Bay.

Redevelopment projects, especially in older areas of Oakland and

Hayward, are helping to boost population growth.

MARKET OVERVIEW

METRO HIGHLIGHTS

ELEVATED HOUSEHOLD INCOME

The median household income is well above the

national median, supporting spending on rents and

retail.

SKILLED WORKFORCE

The large base of skilled workers supports the

diversification in local industries, drawing additional

tech and research employers.

WORLD-CLASS INSTITUTIONS

Local students have access to 15 universities in the

Greater Bay Area.


10

MARKET OVERVIEW

ECONOMY▪ Major employers come from a wide array of industries: education, healthcare, financial

services, telecommunications, retail, technology, manufacturing and transportation.

▪ The metro is a transportation hub of the Bay Area, and Oakland International Airport, BART,

two major rail lines and the Port of Oakland all play important roles.

▪ Oakland is a major high-tech employment market. High-tech businesses currently employ

tens of thousands of workers. The metro boasts an extensive underground fiber-optic cable

network and is a regional telecommunications hub.

SHARE OF 2016 TOTAL EMPLOYMENT

MAJOR AREA EMPLOYERS

Kaiser Permanente

Clorox Co.

Alameda County

University of California-Berkeley

Lawrence Livermore National Laboratory

Contra Costa County

Safeway Inc.

Chevron Corp.

EMC Corp.

Wells Fargo* Forecast

MANUFACTURING

8%GOVERNMENT

HEALTH SERVICES

EDUCATION AND

+OTHER SERVICES

3%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

18%

AND UTILITIES

TRADE, TRANSPORTATION CONSTRUCTION

PROFESSIONAL AND

BUSINESS SERVICES

2%INFORMATION

17%

6%

15% 10% 4%

17%


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MARKET OVERVIEW

DEMOGRAPHICS

SPORTS

EDUCATION

ARTS & ENTERTAINMENT

▪ The population will expand by more than 100,000 residents through 2021, resulting in

the formation of nearly 40,000 households.

▪ Due in part to high home prices, the homeownership rate of 57 percent is below the

national rate of 64 percent.

▪ Roughly 40 percent of the population age 25 and older have attained a bachelor’s

degree, with 16 percent also holding a graduate or professional degree.

The past decade’s downtown redevelopment initiatives have resulted in housing, office and

retail construction, greatly improving the quality of life for urban dwellers. In the East Bay,

people enjoy cultural and recreational activities, including the symphony, an award-winning

zoo, the Paramount Theater, the Oakland Museum of California, along with numerous parks.

Major-league sports teams include the Oakland Athletics and Oakland Raiders, both of

which play at the Oakland-Alameda County Coliseum. Oracle Arena is home to the Golden

State Warriors. There are more than a dozen colleges and universities in the area, including

the University of California-Berkeley and California State University, East Bay.

38

2016MEDIAN AGE:

U.S. Median:

37.7

$78,000

2016 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

$57,200

2.8M

2016POPULATION:

Growth2016-2021*:

3.5%

985K

2016HOUSEHOLDS:

3.6%

Growth2016-2021*:

QUALITY OF LIFE

2016 Population by Age

0-4 YEARS

6%5-19 YEARS

19%20-24 YEARS

7%25-44 YEARS

29%45-64 YEARS

27%65+ YEARS

13%

* Forecast

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s

Analytics; U.S. Census Bureau


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PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS

Source: © 2017 Experian

Created on January 2018

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Population 17,795 96,668 209,270

▪ 2017 Estimate


▪ 2010 Census


▪ 2000 Census


▪ Daytime Population

2017 Estimate 10,647 67,382 140,866

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Households 6,315 34,360 71,614

▪ 2017 Estimate


Average (Mean) Household Size 2.83 2.80 2.91

▪ 2010 Census


▪ 2000 Census


HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2017 Estimate

$250,000 or More 1.60% 3.33% 3.37%

$200,000 - $249,999 0.75% 2.30% 2.35%

$150,000 - $199,999 6.95% 8.83% 7.69%

$125,000 - $149,999 6.39% 6.48% 6.31%

$100,000 - $124,999 10.95% 10.10% 10.16%

$75,000 - $99,999 15.85% 15.43% 14.13%

$50,000 - $74,999 19.31% 17.70% 17.12%

$35,000 - $49,999 14.11% 12.08% 12.42%

$25,000 - $34,999 8.55% 7.91% 8.19%

$15,000 - $24,999 7.07% 7.35% 8.89%

Under $15,000 8.48% 8.48% 9.39%

Average Household Income $78,774 $92,021 $89,321

Median Household Income $64,431 $69,584 $65,417

Per Capita Income $26,995 $31,852 $29,675

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PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS


Created on January 2018

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population by Age

0 to 4 Years 5.78% 5.81% 6.18%

5 to 14 Years 11.64% 11.68% 12.57%

15 to 17 Years 3.67% 3.53% 3.74%

18 to 19 Years 2.26% 2.27% 2.33%

20 to 24 Years 7.39% 7.07% 6.96%

25 to 29 Years 8.21% 7.38% 7.31%

30 to 34 Years 7.63% 7.40% 7.46%

35 to 39 Years 6.54% 6.73% 7.13%

40 to 49 Years 13.28% 13.61% 13.70%

50 to 59 Years 14.26% 14.50% 13.99%

60 to 64 Years 5.39% 6.02% 5.82%

65 to 69 Years 4.53% 4.99% 4.64%

70 to 74 Years 3.98% 3.43% 3.19%

75 to 79 Years 2.53% 2.35% 2.06%

80 to 84 Years 1.58% 1.54% 1.40%

Age 85+ 1.32% 1.69% 1.53%

Median Age 37.56 38.57 37.39

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population 25+ by Education Level

2017 Estimate Population Age 25+ 12,088 66,141 141,496

Elementary (0-8) 6.70% 6.69% 8.79%

Some High School (9-11) 8.59% 8.26% 8.71%

High School Graduate (12) 23.98% 22.68% 22.54%

Some College (13-15) 28.13% 24.34% 22.98%

Associate Degree Only 8.17% 9.03% 8.40%

Bachelors Degree Only 14.19% 19.06% 17.89%

Graduate Degree 6.34% 7.63% 8.03%

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Income

In 2017, the median household income for your selected geography is

$64,431, compare this to the US average which is currently $56,286.

The median household income for your area has changed by 20.67%

since 2000. It is estimated that the median household income in your

area will be $71,984 five years from now, which represents a change

of 11.72% from the current year.

The current year per capita income in your area is $26,995, compare

this to the US average, which is $30,982. The current year average

household income in your area is $78,774, compare this to the US

average which is $81,217.

Population

In 2017, the population in your selected geography is 17,454. The

population has changed by 11.96% since 2000. It is estimated that the

population in your area will be 17,795.00 five years from now, which

represents a change of 1.95% from the current year. The current

population is 47.72% male and 52.28% female. The median age of the

population in your area is 37.56, compare this to the US average

which is 37.83. The population density in your area is 5,549.93 people

per square mile.

Households

There are currently 5,966 households in your selected geography. The

number of households has changed by 12.02% since 2000. It is

estimated that the number of households in your area will be 6,315

five years from now, which represents a change of 5.85% from the

current year. The average household size in your area is 2.83

persons.

Employment

In 2017, there are 4,038 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

60.05% of employees are employed in white-collar occupations in this

geography, and 38.92% are employed in blue-collar occupations. In

2017, unemployment in this area is 4.31%. In 2000, the average time

traveled to work was 38.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

37.16% White, 15.15% Black, 0.53% Native American and 21.67%

Asian/Pacific Islander. Compare these to US averages which are:

70.42% White, 12.85% Black, 0.19% Native American and 5.53%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 38.53% of the current year

population in your selected area. Compare this to the US average of

17.88%.

PROPERTY NAME

MARKETING TEAM


Housing

The median housing value in your area was $433,284 in 2017,

compare this to the US average of $193,953. In 2000, there were

3,431 owner occupied housing units in your area and there were 1,895

renter occupied housing units in your area. The median rent at the

time was $915.


DEMOGRAPHICS

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8


DEMOGRAPHICS

16

www.MarcusMillichap.com

Cameron Bierwith

Associate

San Francisco Office

Tel: (415) 625-2144

Fax: (415) 963-3010

[email protected]

License: CA 02031076

P R E S E N T E D B Y

17

san pablo ave and tara hills dr€¦ · 6 % 15 % 10 % 4 % 17 % san pablo ave and tara hills dr 11....

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