E LIE OA AE - LoopNetimages1.loopnet.com/.../document.pdf · E LIE OA AE Affiliated Business Disclosure ... The Santa Anita Park is LA’s premier horseracing track and the Rose Bowl

ARCADIA, CALIFORNIA 91006

201E. LIVE OAK AVE

C1 ZONED DEVELOPMENT SITE

APPROVED FOR TWO STORY COMMERCIAL BUILDING CONSISTING OF ±5,642 SQUARE FEET. PLANS EXPIRED

PROPERTY HIGHLIGHTS

• Rare signalized hard corner lot with easyingress and egress.

• Close to the Santa Anita Racetrack andworld famous Westfield Shopping Mall in theheart of the San Gabriel Valley.

• High traffic area in upscale suburb of LosAngeles.

• 1 mile: average net worth of $779,704 andover 71% of homes owner occupied.

• Multiple development options due tofavorable zoning

OFFERING MEMORANDUM

© 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.


201E. LIVE OAK AVE

Affiliated Business DisclosureCBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of com-mercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have com-peting interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality AgreementYour receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determin-ing whether you desire to express further interest in the acquisition of the Prop-erty, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

DisclaimerThis Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information in-cludes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investi-gate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate dis-cussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

© 2017 CBRE, Inc. All Rights Reserved.

CBRE CAPITAL MARKETSFOR SALE OR LEASECOMMERCIAL LAND

ARCADIA, CALIFORNIA(SAN GABRIEL VALLEY)

EXCLUSIVELY LISTED BY

Judah DornSenior Associate+1 310 882 [email protected]. 01743907

Tim GenskeSenior Vice President+1 818 502 [email protected]. 01034790

CBRE, Inc.234 S. Brand Blvd.Suite 800Glendale, CA 91204

ADDRESS201 E. Live Oak Ave.Arcadia, CA 91006

LAND SIZE 17,119 Sq. Ft.

PRICE $1,700,000

PRICE PSF (LAND) $99.30

LEASE RATE: Negotiable

CROSS STREETS2nd Ave / Tyler Ave and Live Oak Ave1600 feet east of Santa Anita Ave

PARCEL 5790-027-034

Westfield Mall

Santa Anita Race Track

Rose Bowl



201E. LIVE OAK AVE

EXECUTIVE SUMMARY

CBRE is pleased to present the opportunity to acquire fee simple ownership in a commercial zoned development on a signalized hard corner in affluent Arcadia.

East Sandra Avenue

Live Oak Avenue

South 3rd Avenue

Sout

h 2nd

Ave

nue

• For Sale, Ground Lease or Build To Suit

• Signalized, hard corner

• High visibility on northeast corner

• Rare development site in the San Gabriel Valley

• Affluent Area

• Nearby retailers include Walgreens, Albertsons, Wells Fargo, 7-Eleven, Jack in

the Box and a new Starbucks drive-thru.

• Approved for two story commercial building of ±5,642 SF. Plans expired.

Highlights



201E. LIVE OAK AVE

The Site

The subject property is an unimproved, rectangular corner site

situated on the northeast corner of Live Oak Avenue and 2nd

Avenue. The property is southeast from the Santa Anita Race Track

and Arcadia Westfield Mall.

The site would lend itself for multiple potential uses which

potentially include professional or medical office, retail, or food use.

The site is slightly above 17,000 square feet. All utilities and services

are available to the subject site and the property has sidewalks and

gutters.

This is a rare opportunity. There is nothing on the market like this

nor has one transacted in the last few years in Arcadia.

DESCRIPTION

Daily Car Count

27,985

5,750

Traffic Counts Street Name

E Live Oak Ave

S 2nd Ave (North Bound)

Tyler Ave (South Bound) 8,104



201E. LIVE OAK AVE

LOCATOR MAP

SUBJECT & SURROUNDING AREA

SUBJECT



201E. LIVE OAK AVE

PARCEL MAP



201E. LIVE OAK AVE

PROPOSED SITE PLAN

Live Oak Avenue



201E. LIVE OAK AVE

PROPOSED ELEVATIONS

West Elevation

South Elevation

East Elevation

North Elevation



201E. LIVE OAK AVE

PROPOSED FLOOR PLANS

First Floor Plan

Second Floor Plan

About San Gabriel Valley

The San Gabriel Valley is the eastern gateway to Los Angeles County consisting of over 2 million residents and 31 incorporated cities. Centrally located in the Greater Los Angeles area, the region is easily accessible via a number of freeways to downtown Los Angeles, the Inland Empire, Orange County, and the San Fernando Valley. The region is also home to a large amount of social and economic diversity. Companies such as Trader Joe’s (groceries), OneWest Bank (finance), Edison International (energy), Parsons Corporation (engineering), and Panda Restaurant Group (restaurants) call the San Gabriel Valley home. The Huntington Library and Simon Norton Museum are just two examples of world-class museums in the region. The Santa Anita Park is LA’s premier horseracing track and the Rose Bowl holds games in the College Football Playoff and international soccer matches. The San Gabriel Valley is also home to leading educational institutions such as California State Polytechnic University Pomona, the Claremont Colleges, and the California Institute of Technology which is consistently ranked as one of the top ten universities in the world and manages NASA’s Jet Propulsion Laboratory.

Arcadia

The city of Arcadia is located just east of Pasadena off of the 210 freeway and has a population of 60,000. Arcadia’s economy has been strong following the recession with an unemployment rate of 2.7% compared to the Los Angeles County average of 4.7%. Arcadia is also affluent and educated with a median household income of $79,934 and Bachelor’s degree attainment rate of 51.8% compared to LA County’s values of $56,196 and 30.3%. This has elevated total retail sales per capita in Arcadia to $14,963 against $12,184 in the rest of the county. The Westfield Santa Anita serves as the largest shopping center in the city, but there are a number of designated districts within the city each with unique qualities and focuses. The city is currently focused on improving Downtown Arcadia by creating an accommodating and pedestrian-friendly environment to encourage commuters to visit using the recently completed Arcadia Gold Line station. The city’s Economic Development Team and Building Services Division have services to help new and existing businesses succeed with clear, succinct rules making running a company in Arcadia as simple as possible.



201E. LIVE OAK AVE

AREA OVERVIEW

PLACE OF WORK

1-MILE 3-MILES 5-MILES

2016 Businesses 480 7,491 19,453

2016 Employees 3,873 78,212 194,634

POPULATION


2016 Population - Current Year Estimate 18,566 202,280 525,202

2021 Population - Five Year Projection 19,176 207,938 529,471

2010 Population - Census 19,540 212,380 542,095

2000 Population - Census 20,034 217,877 557,059

2010-2016 Annual Population Growth Rate 0.30% 0.34% 0.38%

2016-2021 Annual Population Growth Rate 0.50% 0.51% 0.55%

HOUSEHOLDS


2016 Households - Current Year Estimate 6,481 63,807 156,151

2021 Households - Five Year Projection 6,611 65,154 159,730

2010 Households - Census 6,421 63,073 153,926

2000 Households - Census 6,241 61,308 150,767

2010-2016 Annual Household Growth Rate 0.15% 0.19% 0.23%

2016-2021 Annual Household Growth Rate 0.40% 0.42% 0.45%

2016 Average Household Size 2.98 3.29 3.44



201E. LIVE OAK AVE

DEMOGRAPHICS

HOUSEHOLD INCOME


2016 Average Household Income $98,420 $80,145 $85,190

2021 Average Household Income $108,315 $87,569 $92,854

2016 Median Household Income $76,731 $58,951 $59,488

2021 Median Household Income $85,234 $64,563 $65,797

2016 Per Capita Income $32,942 $24,574 $24,887

2021 Per Capita Income $36,022 $26,668 $26,961

HOUSING UNITS


2016 Housing Units 6,770 67,232 164,155

2016 Vacant Housing Units 289 4.3% 3,425 5.1% 8,004 4.9%

2016 Occupied Housing Units 6,481 95.7% 63,808 94.9% 156,151 95.1%

2016 Owner Occupied Housing Units 4,623 68.3% 33,990 50.6% 85,809 52.3%

2016 Renter Occupied Housing Units 1,858 27.4% 29,818 44.4% 70,342 42.9%

EDUCATION


2016 Population 25 and Over 14,266 144,299 362,051

HS and Associates Degrees 6,653 46.6% 68,567 47.5% 168,323 46.5%

Bachelor's Degree or Higher 5,781 40.5% 44,170 30.6% 100,817 27.8%

$

Traffic Count Year

27,985 2015

5,750 2015

Traffic Counts

Street Name

E Live Oak Ave

S 2nd Ave

Tyler Ave 8,104 2015



201E. LIVE OAK AVE

DEMOGRAPHICS



201E. LIVE OAK AVE

POPULATION BY YEAR

StudyArea

U S

% ANNUAL POPULATION GROWTH

201 E LIVE OAK AVEAREA SUMMARY 1 MILE

White - 35.8%

Black/Afr i can American - 0 .9%

American Indian - 0 .5%

Asian - 51.2%

Native Hawaiian/Other Paci f i c I s lander -0 .1%

Other Race - 8 .3%

Two or More Races - 3.3%

RACE & ETHNICITY

23.5% HISPANIC/LATINO POPULATION (ALL RACES)

INCOME

$76,731MEDIAN HOUSEHOLD INCOME

$32,942PER CAPITA INCOME

HOME OWNERSHIP

71.3%OWNER-OCCUPIED UNITS

EMPLOYMENT5 MILE Master 's/Profess ional/Doctorate -

13.1%

Bachelor ' s - 27.5%

Other - 59 .5%

EDUCATION

POPULATION

©2017 CBRE. 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, assumptionsor 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 todetermine to your satisfaction the suitability of the property for your needs. Source: Esri ProjectID:169423

0 100,000 200,000 300,000 400,000 500,000 600,000

2010

2016

2021

2010-2016 2016-20210 .0

0 .2

0 .4

0 .6

0 .8

1 .0

194,634 EMPLOYEES

19,453 BUSINESSES

5.3% RESIDENTIAL UNEMPLOYMENT RATE

DEMOGRAPHICS


201E. LIVE OAK AVE


EXCLUSIVELY LISTED BY

Judah DornSenior Associate+1 310 882 [email protected]. 01743907

Tim GenskeSenior Vice President+1 818 502 [email protected]. 01034790

CBRE, Inc.234 S. Brand Blvd.Suite 800Glendale, CA 91204

Documents

E LIE OA AE - LoopNetimages1.loopnet.com/.../document.pdf · E LIE OA AE Affiliated Business Disclosure ... The Santa Anita Park is LA’s premier horseracing track and the Rose Bowl