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THE ONE1001 N. BROADWAY • SANTA ANA, CA
SHOVEL READY FULLY ENTITLED
Lee & Associates-Orange (“L&A”) has been retained by Caribou Industries, Inc. (the “Sponsor” or the “Developer”), as its exclusive agent, to identify a joint-venture equity investor (“Investor”) to fund the development of, 1001 N Broadway in Downtown Santa Ana, California. A qualified Investor will have the opportunity to provide equity in return for a to-be-negotiated percentage ownership in the property. Additionally, Sponsor will consider an outright sale of the property with the stipulation Sponsor to provide general contracting services for future development and construction of the property.
THE PROJECT One Broadway Plaza ("The One") is the culmination of a two decade partnership between Caribou Industries and the City of Santa Ana to transform Orange County’s urban center. The project represents one of the most consequential Class-A office development opportunities on the West Coast. Towering an impressive 493 feet as an iconic landmark over Orange County, The One will be the county’s tallest, safest and greenest building, emerging as the flagship for Downtown Santa Ana and all of Central Orange County.
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• On-site data storage just an elevator ride away
• Dedicated private storage cloud per customer
• Speeds reaching up to 1,000 mbps
• Military Grade Security BUILDING HIGHLIGHTSHaving owned the existing development site since 1995, the Sponsor has shown substantial commitment to the ultimate development of The One. The Borrower has a cost basis of approximately $90 million to date, resulting in a fully entitled development site, complete with all approvals and permits available to immediately begin construction of The One. In the current capital markets environment, capital sources will gain comfort in knowing that the Property is under control without any impending delays to commence construction.
This prestigious and centrally located office tower will be uniquely attractive to regional, national and international tenants, pushing Santa Ana to the forefront of the county’s new urban future. The One will boast a roof-top heliport, two-world-class restaurants on the upper floors, a plaza-level food court with numerous offerings, a first floor presentation theatre, among numerous other amenities that will further differentiate the Property from virtually any other competitive offering in the Orange County office market.
The Gigabit Tower
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336 Restaurants • 34 Banks • 23 Hotels • 49 Grocers • 10 Health clubs
LOCATION HIGHLIGHTSDowntown Santa Ana is quickly returning to its roots as the epicenter of Orange County’s urban lifestyle experience and is developing into a trendy urban live/work/play neighborhood akin to the recent emergence in Los Angeles, Long Beach and San Diego in California, as well as in such out-of-state cities as Portland, Brooklyn and Austin. Under a great transformation Santa Ana is capitalizing on the city’s rich history and cultural ties to the regional community to re-imagine downtown and to create a Vertical Urbanization centering on walk-ability and proximity to work, public transportation, and quality-of-life amenities.
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Within a 5 mile drive to Santa Ana Civic Center, MainPlace Mall, The Outlets of Orange and Tustin Marketplace
Within 2 train stops (10 min) away from world famous Angel Stadium of Anaheim and the Honda Center
Ideally located to recruit and retain the top talent in the greater Orange / LA County market, the Inland Empire and San Diego County markets.
Adjacent to the Santa Ana Regional Transportation Center (SARTC) – Orange County & regional mass transit hub which combines the Amtrac, Metrolink, OCTA bus service, taxi service and the under construction OC Streetcar (Santa Ana’s $400 million light rail line) all in one location.
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THE ONE
MILE SQUARE GOLF COURSE
DAVID L BAKER MEMORIAL GOLF COURSE
MESA VERDE COUNTRY CLUB
RIVER VIEW GOLF COURSE
WILLOWICK GOLF COURSE
CHAPMAN UNIVERSITY
SANTA ANACOLLEGE
COASTLINECOMMUNITY
COLLEGE
CHAPMAN UNIVERSITY
SANTA ANAZOO
THE DISTRICT AT TUSTIN LEGACY
SANTAANA
MINIMALL
GARDEN GROVE SHOPPING PLAZA
WESTFIELDMAINPLACE
BRISTOLWARNERVILLAGE
LITTLESAIGONVILLAGE
THE OUTLETSAT ORANGE
SOUTH COAST PLAZA
MALL OF FORTUNE
BRISTOL MARKETPLACE
METRO TOWN SQUARE
ANGEL STADIUMOF ANAHEIM
FOUNTAIN VALLEY REG'L HOSPITAL
UC IRVINEMEDICALCENTER
CHAPMAN MEDICAL CENTER
GARDEN GROVE HOSPITAL MED CTR
ST JOSEPHHOSPITAL
CHOCHOSPITAL
ORANGE COASTMEMORIAL MED CTR
JOHN WAYNE AIRPORT-ORANGE COUNTY
SAN DIEGO CREEK CHANNEL
SANTAANA RIVER
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TUSTIN RANCH RD
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HARVARD AVE
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405 HOV LN
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SANTA ANA
ORANGEGARDEN GROVE
TUSTINSanta Ana RegionalTransportation Center
625IVE625 N. Grand Ave
THE ONE1001 N Broadway
TRANSPORTATION HIGHLIGHTSThe OC Streetcar, with stops less than 2 blocks from The One and 625IVE, will link bustling Santa Ana Regional Transportation Center (SARTC) to the Historic Downtown Santa Ana and Civic Center increasing transportation options and providing greater access along its 4.15-mile route.
RECENT GROUNDBREAKING $400 Million Fully Funded
OC STREETCAR
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OPPORTUNITY ZONE
Real estate developers have a new source of investment for their development projects, created by the Tax Cuts and Jobs Act of 2017.
A new tax incentive for investment in low-income areas designated as “Opportunity Zones” was included in the Tax Cuts and Jobs Act of 2017, signed into law on December 22, 2017. Under this section of the Act, codified as sections 1400Z-1, and 1400Z-2 of the Internal Revenue Code, taxpayers with taxable capital gains from the sale of any asset (stock, property, etc.) who reinvest those gains within 180 days of the date of sale of the asset into “Qualified Opportunity Zone Property” will become eligible to receive significant tax benefits.
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BENEFITS
• Deferral of Capital Gains
• Reduction of Capital Gains
• No Tax on Capital Gains Realized on Qualified Opportunity Zone Property
• Property is Located in Designated Qualified Opportunity Zone
• Targeted for Shovel Ready Projects
• Zones will Provide Incentive for Investors Making Equity Investment
STREETCAR ROUTE
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Marshal J. [email protected]
Lic #: 01519213714.564.7117
Matt [email protected]
Lic #: 01830994714.564.7145
Jaimeson [email protected]
Lic #: 01925107714.564.7146
Jack [email protected]
Lic # 01064859714.564.7172
EXCLUSIVELY LISTED BY:
CARIBOU INDUSTRIESCaribou Industries, owned and operated by the pioneering Michael Harrah, is a holding company for leading businesses in real estate, travel and hospitality throughout Arizona, California, Hawaii and Nevada. Its expansive portfolio includes commercial real estate holdings, restaurants, hotel resorts, entertainment venues and aviation. Founded in 1977, the company is headquartered in Santa Ana, California.
Through its real estate arm, Caribou Industries plays a leading role in revival of Santa Ana as seat of government for Orange County and the city’s aspiration to become the county’s urban center. Through strategic and value-add investments, the company has transformed and stabilized some of Orange County’s most iconic landmarks, sparking other revitalization efforts in downtown Santa Ana that are rapidly transforming the area into a vibrant urban core.
“Biggest real estate force inOrange County’s biggest city.”
Orange CountyBusiness Journal
OFFICEADVISORYGROUP.COM
THE ONE
All information contained herein has been provided by Seller and/or third parties, but has not been independently verified by Lee & Associates or its agent(s). Buyer and interested parties should independently verify all information communicated by these sources.
