Embed Size (px)
Citation preview
CBRE | Silicon Valley Investment Properties Group225 W. Santa Clara Street, 10th Floor San Jose, CA 95113T 1 408 453 7400
FOR MORE INFORMATION, PLEASE CONTACT:
Greg PoncettaSenior Vice President Lic. 01218360T 1 408 453 [email protected]
Thomas SmithFirst Vice PresidentLic. 00179176T 1 408 453 [email protected]
162| 164 |166 | 168
VILLA AVENUE, LOS GATOSOFFERING MEMORANDUM
BROKER OPINION OF VALUEAffiliated Business Disclosure & Confidentiality Agreement
CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent vari-ous clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.
This is a confidential Memorandum intended solely for your limited use and benefit in determin-ing whether you desire to express further interest in the acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not pur-port to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other informa-tion provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or rep-resentatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obliga-tion shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the pur-chase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not
disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memo-
randum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.
Some of the statistics in this package were provided by the Los Gatos Chamber of Commerce.
- PAGE 2 -
162 VILLA AVENUE
EAST MAIN STREET
LOS
GATO
S BO
ULEVA
RD
TABLE OF CONTENTS
EXECUTIVE SUMMARY 4
THE INVESTMENT 5
LOCATION INFORMATION 6
OVERVIEW 7
© 2014 CBRE, Inc. The information contained herein has been obtained from sources
believed reliable. While we do not doubt its accuracy, we have not verified it and
make no guarantee, warranty or representation about it. It is your responsibility to
independently confirm its accuracy and completeness. Any projections, opinions,
assumptions or estimates used are for example only and do not represent the current
or future performance of the property.
The value of this transaction to you depends on tax and other factors which should
be evaluated by your tax, financial and legal advisors. You and your advisors should
conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
All Property Showings are by Appointment Only.. All
162 VILLA AVENUE
EXECUTIVE SUMMARY
CBRE, as Exclusive Advisor to the Seller, is pleased to present the opportunity to acquire the 100% fee simple interest and associated development rights to 162, 164, 166 and 168 Villa Avenue in Los Gatos, California (“Project”), a world-class residential development site located in the prestigious Oak Hill neighborhood of Los Gatos, California. 162, 164, 166 and 168 Villa Avenue is an excellent luxury residential project slated for subdivision.
The Project could feature two (2) distinct single-family homes, each on its own fee-simple lot, facing Villa Avenue. The site is situated among many luxury single-family homes and first class Arts & Crafts, Mediterranean, Edwardian and Victorian residences. The property consists of four rental units described below:
162 Villa Avenue 1-Bedroom164 Villa Avenue 2-Bedroom166 Villa Avenue 1-Bedroom168 Villa Avenue 2-BedroomLot Size: ±12,539 square Feet
162, 164, 166 and 168 Villa Avenue represents the increasingly rare opportunity to acquire an urban in-fill residential development site in one of Los Gatos’ most exclusive residential enclaves with excellent access to award-winning restaurants, boutique shops and nightlife within the surrounding neighborhoods of Los Gatos.
PROJECT HIGHLIGHTS
Los Gatos Prestige
Luxury Residential Opportunity
Amenity Rich and Central Location
Direct Access to Public Transportation
Strong Luxury Residential Market Fundamentals
THE INVESTMENT
LOCATIONLos Gatos is one of the country’s most exclusive communities. Located along the coastal ridge of San Francisco’s Peninsula, it’s one of the most ideal locations that can be found anywhere in the State. With San Francisco a short drive to the Northwest and San Jose/ Silicon Valley to areas North, the success of a redevelopment of the site ensures excellent returns.
VERY STRONG HIGH INCOME AREAAs one of the most sought after areas in California, Los Gatos boasts some of the highest property values in Northern California. Home to some of the titans of the local high-tech industry, Los Gatos continues to have both economic growth and property appreciation.
LOCATION INFORMATION
WORLD CENTER OF TECHNOLOGY – POWERING THE GLOBAL ECONOMYFor decades, Silicon Valley has been the leading center for a wide range of technology industries that have helped power our global economy. Anchored by a diverse mix of global corporations, growing businesses and promising start-ups, these driving industries have forged an ever-growing presence in Silicon Valley that allows businesses to collaborate, compete, and ultimately thrive.
Whether it’s been semiconductors, personal computers, hand-held de-vices, cutting-edge software, information services or internet applications, Silicon Valley companies have developed countless new technologies that are used across the world every day.
The Town of Los Gatos is nestled at the base of the Sierra Azules, and is located approximately 60 miles south of San Francisco, in the southwest-ern portion of Santa Clara County where the Santa Clara Valley meets the lower slopes of the Santa Cruz Mountains. Los Gatos is bounded by the City of San Jose; the City of Campbell; the Cities of Monte Sereno and Saratoga; and unincorporated County of Santa Clara. Los Gatos encompasses a wide variety of terrain, ranging from flat topog-raphy at the edge of the valley floor to densely wooded hillsides.
HISTORY Los Gatos is one of Santa Clara County’s oldest communities. Today, the Town population is estimated to be 30,497 in a 14 square mile area. While most of the growth through the 1970’s was due to new develop-ment, most of the growth in the 1980’s and 1990’s was due to annexa-tions, in-fill development and changing demographics.
Today, the Town is situated within the largest metropolitan area of northern California, and is closely tied to Silicon Valley and its fast paced economy. Los Gatos, however, retains a mix of residential, commercial and light
industrial uses, still attracts visitors, and continues to retain its small town image.
Los Gatos prides itself as a self-contained community. Over 3,000 busi-nesses serve the residents and act as a destination point for visitors who are attracted to its restaurants, hotels and variety of shops within a pedes-trian oriented downtown setting. The Town is also an inclusive community with the full mix of ages, family sizes and incomes. Los Gatos has many parks and greenbelt areas, as well as a vibrant downtown area. Down-town Los Gatos is listed on the National Register of Historic Places and is the model of what communities strive to achieve in a downtown.
WALKING DISTANCE TO THE FOLLOWING LOS GATOS AMENITIES
• Los Gatos High School• Los Gatos Library• Manresa• Nick’s Next Door• Forbes Mill Steakhouse• Los Gatos Brewing Company• Icing on the Cake• C.B. Hannegan’s
OVERVIEW
THE PROPERTY IS CURRENTLY UNPRICED.
