View
6
Download
0
Category
Preview:
Citation preview
OFFERING MEMORANDUM428 HIGH STREET
DELANO, CALIFORNIA
$2,250,000
REALTY CUDUP A Trusted Name in Real Estate
-.:c---.1 Cell: 559.799.1300 Bus: 559.688.1900 Fax: 559.688.13 70 lino@linopimentel.com linopimentel.com
City, State
Aerial
Cecil AvenueMiddle School
FremontElementary
School
NuevaVista
School
Del VisaElementary
School
Delano Regional
Medical Center
Delano Public
Golf Course
Delano Regional
Bus Terminal
DMV
City Hall
14,625 Population4,514 Employees
CommunityCenter
City, State
Offering Terms
LAND AREA .63 Acre
PRICE $2,250,000
CAP RATE 7%
PRICE PER SQUARE FOOT $224.00
RENTABLE SQUARE FEET 11,146sf
YEAR 1 PROJECTED OPERATING INCOME $174,488
City, State
Property Description
LOCATION 428 High Street is located on Central Delano at the SEQ of 5th Avenue and High Street
ADDRESS 428 High StreetDelano, California 93215
SQUARE FOOTAGE 11,146 square feet
ACCESSORS PARCEL NUMBERAND LAND AREA
037-212-12.63 Acre (27,442sf)
ZONING General Commercial
FRONTAGE 184’ on High Street
TENANTS Unanchored Strip Retail
YEAR BUILT 2008
NUMBER OF BUILDINGS The project consists of (3 ) single level buildings
TRAFFIC COUNTS 13,500 cars per day on Garces Highway at High Street
ACCESS 428 High Street benefits from two points of access, one on High Street and one on 5th Avenue.
PARKING 26 stalls + 2 handicapped in front of center, 16 in rear with additional street parking on High St and 5th Ave.
REALTY UUUUP
City, State
Site Plan
Burger1,590sf
Boost Mobile &Cascade Water
929sf
Donuts1,195sf
Smoke Shop915sf
Market1,920sf
Hispanic1,045sf
Furniture1,426sf
Laundry2,126sf
City, State
Parcel Map
REALTY UUUUP
37-2 I
ST.
ST. Iii
ST. i
SCHOOL DIST.� 2-6 r-100'
6 I 7 : 8
'® I I I I
I I I
JEFFERSON
HIGH
MAIN
I I
�l I I
� I ()
i I � 0 010 0 @ @ 0 @ ®
I ® @) @ I@ @ @!@
64 6.] 6.? 61 60 59 sa 57 56 SS I 54 SJ 5.? 51 50 I 49 48 47 .fO - I en U.6S
� 12//1 2 ll ' I -
41 :
so wl JO JI JR I JJ I J4 .JS .16 37 J8 39 40 4.? 43 44 45 l4 I @ JU @ 1@1 @ @ @ @ f!) @) @1 @ @ ®1 I <:» I I () I � �s1 � I I I I I I I t-. I I I I I I I I
I I v:, I I ,25 25 I I I '
SOUTHERN ADON.
_J LOTS I 52 & 156 OF ORANGE HOM]i)TRACT
37-21
-, Revised: April 17. 2007
Fil�d April !.1920
@ r
ASSESSORS MAP N0 ..... 37.:: .. 2.L _ COUNTY OF KERN
City, State
Regional Maps The City of Delano is the second largest city in KernCounty.
Delano serves as the commerce hub for much ofsouthern Tulare County as well and is the focus ofeight communities within a fifteen-mile radius. Mostimportantly, Delano Marketplace sits on Highway 99,
a major north/south corridor for Central California.
2015 DEMOGRAPHICS DELANO
POPULATION 50,814
HOUSEHOLDS 10,730
AVG. HH INCOME $47,746
Alfl�J!S Ran�!'!
.NJ,elson R�'nge·
l.a'rl· Satine Ch�n� Rany_e '""Rti:a�� ·
r-=1 ... ·.:�=-,;-: -,
City, State
Local Maps
Delano, California
Ba:ssetLA\fe
g' :!;:
lirociks Ad ! "' ...
Map <!ala ©�D1G Goog!e
Ave4
Colllnly Line Rd Ave I) � t ,g· i>Jgehro :01
�
Cecil Av� !!)
i ;;;· lO
?I
'16th Pl
l!;l!hAV<! l71h Ave Hlh Pl
;; 5.. 6tli Ave i: 6th Ave Slh F'I
12th A�e
s! � i �
county Line Rd Ave O Z O "D "D
�ofiji· i?f ��,O �,--;
!11
12ncl Ave
\ I),
llilliA,&
f ;;;· 17th Ave ti)
Woollomeli Ave
Dia�5L
:,. �. � 1:stAv�
)> J O�I Sol Pkwy �
r
)>
! Avenue caslJ',o �
•
WCedlAve � 3 ::! §- !
M:str.ews Ave
0 � � � �
Garces Hwy
Quinones Ave
_]
Me
Jefferson Park
tst Ave ls\ Ave 0 q
H
3rd Pl
Cl St \
S) srd Ave
City, State
Financial Analysis
Base Rent $206,688.00NNN Reimbursement $1,800.00Gross Income $208,488.00
Vacancy Loss <$0.00>
Expenses (1)Total Expenses <$34,000.00>
Net Operating Income $174,488.00
SF 11,146sf
Notes: 1. $.25/sf/mo (CAM, Taxes and Insurance)
ASKING PRICE: $2,250,000
City, State
Demographics428 High St
1 rm radius 3 mi radius 5 mi radius Delano, CA 93215
2015 Estimated Population 14,625 44,411 53,274
2020 Projected Population 15,478 46,789 55,814 z 0 201 O Census Population 14,453 44,797 55,388 t= <( 2000 Census Population 12,689 37,725 41,952 ...J ::, a.. Projected Annual Growth 2015 to 2020 1.2% 1.1% 10% 0 a.. Historical Annual Growth 2000 to 2015 1.0% 1.2% 1.8%
2015 Median Age 27.1 27.7 28.1
2015 Estimated Households 3,850 10,487 11,184
2020 Projected Households 4,062 11,037 11,768
201 O Census Households 3,712 10,176 10,855
2000 Census Households 3,385 8,570 9,030
Projected Annual Growth 2015 to 2020 1.1% 1.0%
Historical Annual Growth 2000 to 2015 0.9% 1.5%
2015 Estimated V\/11ite 36.2% 32.8%
2015 Estimated Black or African American 1.6% 2.7%
2015 Estimated Asian or Pacific Islander 9.7% 16.7%
2015 Estimated American Indian or Native Alaskan 1.4% 1.0%
2015 Estimated Other Races 51.1% 46.8%
2015 Estimated Hispanic 85.6% 77.3%
2015 Estimated Average Household Income $40,508 $47,745
2015 Estimated Median Household Income $30,956 $37,738
2015 Estimated Per Capita Income $10,829 $12,148
2015 Estimated Elementary (Grade Level Oto 8) 32.2% 29.6%
2015 Estimated Some High School (Grade Level 9 to 11) 13.8% 13.8%
2015 Estimated High School Graduate 29.5% 29.4%
2015 Estimated Some College 14.9% 15.4%
2015 Estimated Associates Degree Only 3.2% 3.6%
2015 Estimated Bachelors Degree Only 4.8% 6.4%
2015 Estimated Graduate Degree 1.6% 1.8%
2015 Estimated Total Businesses 593 943
2015 Estimated Total Employees 4,514 9,507
2015 Estimated Employee Population per Business 7.6 10.1
2015 Estimated Residential Population per Business 24.6 47.1
Recommended