BR - Fountain Valley - Email

8/14/2019 BR - Fountain Valley - Email

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FREESTANDING RETAIL BUILDINGFOUNTAIN VALLEY, CALIFORNIA

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed

as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney.

As of February 2008.

EXCLUSIVE INVESTMENT OFFERING

FEATURES: Prime Harbor Boulevard Retail Location Approximately 50,000 Cars Per Day Signalized Intersection Access Low Cost Per Square Foot ($226 PSF) Large Lot - Approximately 34,220 Square Feet Multiple Reuse Scenarios

EXCLUSIVELY OFFERED BY:

Jon SelznickPacific Commercial Investments, Inc.3700 Campus Drive, Suite 201ANewport Beach, California 92660Phone: (949) 723-5800 | Fax: (949) 723-5801Email:[email protected]


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FREESTANDING RETAIL BUILDING

FOUNTAIN VALLEY, CALIFORNIA




CONFIDENTIALITY

This is a confidential marketing profile (the "Profile") intended solely for your limited use and benefit in

determining whether you desire to express further interest in purchasing the "Property", located in

Fountain Valley, California.

This Profile has been prepared by Pacific Commercial Investments, Inc. ("PCI") on behalf of the owner of

the Property (the "Owner") and has been reviewed by representatives of the Owner. It contains select

information pertaining to the Property and does not purport to be an all-inclusive representation of the

state of affairs of the Property, or to contain all the information, which prospective investors may require.

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 PCI. The information contained herein was obtained from third parties, and

it has not been independently verified by PCI. Prospective investors should have the experts of their

choice inspect the Property and verify all information. PCI is not qualified to act as or select experts with

respect to legal, tax, environmental, building construction, soils-drainage or other such matters. Therefore,

all projections, assumptions and other information provided and made herein are subject to material

variation. Neither the Owner nor PCI, nor any of their respective directors, officers, affiliates or

representatives make any representation or warranty, expressed or implied, as to the accuracy of

completeness of this Profile or any of its contents, and no legal commitment or obligation shall arise by

reason of your receipt of this Profile or use of its contents.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or

offers on the subject 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 Profile. The Owner shall have no legal commitment

or obligation to any entity reviewing this Profile or making an offer on the Property unless and until

written agreement(s) for 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 Profile, you agree that this Profile 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 Profile or any of its

contents to any other entity without prior written authorization of the Owner or PCI. You also agree that

you will not use this Profile or any of its contents in any manner detrimental to the interest of the Owner

or PCI.

PCI reserves the right to submit the Property to additional clients on terms that may or may not be

identical to the terms contained herein. By receipt of this Profile, you acknowledge that competing

interests may develop in connection with offers on the Property, and waive any conflict of interest thatmight arise as a result thereof. In such case, PCI expressly disclaims any obligation to advance the

interest of any client at the expense of any other client who may receive this Profile. Dealings with each

client shall remain strictly confidential and in no case will PCI disclose the terms of any actual or

potential offer to any competing client.


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PROPERTY INFORMATION

The subject property is currently used as a carpet and flooring store and is an approximately 13,249

square foot, divisible, single story, freestanding commercial building. This is inclusive of:

Approximately 2,300 square foot office area with 4 private offices, open reception area,kitchen / break room and restrooms

Approximately 7,300 square foot showroom Approximately 2,949 square foot storage area (possible showroom expansion) Approximately 700 square foot warehouse (13' clear) includes two (2) electric operated

20'w x 10'h grade level loading doors, plus one interior 6'w x 10'h loading door and

restroom Ceiling height is 10' throughout with the exception of the above referenced warehouse area Fenced rear yard / parking lot

There is a 15 wide easement for ingress/egress across the adjacent property to the south which provides

access to the signalized intersection at Harbor Boulevard and Lilac Avenue.

Easement

HarborBoulevard

Lilac Avenue


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FREESTANDING RETAIL BUILDINGFOUNTAIN VALLEY, CALIFORNIA




INVESTMENT INFORMATION

Property Information:

Address: 15945 Harbor Boulevard, Fountain Valley, CA 92708

Location: NWC Harbor Boulevard & Lilac Avenue

Tenant: To Be Delivered Vacant

Year Built: 1973

Land: Approx. 34,220 Square Feet

Improvements: Approx. 13,249 Square Feet

Construction: Concrete Block

Cars Per day: 49,099 Cars Per Day (Harbor & Lilac)Parking: 33 Spaces

APN: 108-671-04

Financial Information:

Price: $3,000,000

Price/Building Sq. Ft. $226.43

Terms: All Cash, Cash to New Loan


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AREA RETAILERS

The property is located in the heart of central Orange County at the signalized intersection of Harbor

Boulevard and Lilac Avenue, between Edinger Avenue and McFadden Avenue in Fountain Valley. Trade

area retailers include La Curacao, Bank of America, Walgreens, Taco Bell, Dollar Tree, GameStop,

Kragan Auto Parts, Wal-Mart, El Super, Northgate Market, Ross Dress For Less, Banco Popular,

Starbucks Coffee, and McDonalds.

Subject Property


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The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteedas to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney.


OPPORTUNITY

This opportunity allows for either owner/users or creative, value-minded investors willing to explorerepositioning options to purchase a freestanding retail building on a prominent retail corridor in OrangeCounty.

The allowable C1 commercial uses are vast (CUP required for some uses), therefore the reuse possibilitiesprovide opportunities to attract a wide variety of potential tenants.

Potential repositioning of the asset could include reducing the square footage, even creating a drive aisleon the north side of the premises, allowing for more parking and thus greater tenant use possibilities.Additionally, a multi-tenant repositioning could provide for more use flexibility and cash flowdiversification.

At a cost of just $226 per square foot, the subject property provides significant value compared tocomparable sales of freestanding retail properties in similar Orange County locations. Even with areduced square footage repositioning scenario, the cost per square foot will be significantly morefavorable and than comparable sales.


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The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its

should conduct its own independent investigation and consult an attorney. As of February 20

PROPERTY PHOTOS

Showroom Interior Showroom Interior Showroom Inte

Showroom Interior Front Office (In Showroom) Hallway in Rea


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PROPERTY PHOTOS

Break Room in Rear Office Reception Area of Rear Office Inventory Stor

Inventory Storage Room Exterior Storage (Behind Roll Up Doors) Exterior Storag


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PROPERTY PHOTOS

Roll Up Doors in Back of Building Rear Yard / Parking Area View from Rea

Exterior Storage Exterior Storage (Back Door to Showroom) View to Harbo


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PARCEL MAP

NNNOOORRRTTTHHH

LILAC


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AERIAL PHOTOS

Subject Property

Future School

La Curacao Center

Subject Property

Wal-Mart

BBQ Restaurant


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MAPS

Subject Property

Subject Property

Documents

BR - Fountain Valley - Email