DANA PLAZA · 2020. 6. 19. · John Moss (949) 334-4042 Phone [email protected] See Dana Plaza Confidential Memorandum & Disclaimer DANA PLAZA DANA PLAZA Offering Summary and Property

DANA PLAZA 21701 Lake Forest Drive, Lake Forest, Ca 92630

Located at the major South Orange County intersection of

INVESTMENT PROPERTY OFFERING $13,270,000

John Moss

(949) 334-4042 Phone

[email protected] See Dana Plaza Confidential Memorandum & Disclaimer

DANA PLAZA

John Moss

(949) 334-4042 Phone


Parker Commercial is pleased to offer the opportunity to acquire the fee simple interest (land and buildings) in one of South Orange County’s best located

shopping centers. Dana Plaza sits on 3.5 bi-level acres at the corner of two prime arteries, Lake Forest Drive, a major North/South artery, and Trabuco Road,

the only East/West road which accesses the town of Irvine, home to the University of California Irvine campus. This corner is visited by over fifty thousand

cars per day.

This center consists of approximately 31,503 square feet of triple net leased retail stores incorporating 7-Eleven, Subway, multiple hair/skin/nail services, and

a group of complimentary family orientated tenancies, which includes: Montessori School, Martial Arts, and Arts School. This child/family synergy has

resulted in a long standing stability of tenants, with many having occupied their suites for over twenty years. In some cases second generation children of

parents who attended these schools are now students at the center.

In addition to the retailers, a portion of the income stream is derived from a land lease with Exxon/Mobil Oil (new storage tanks have just been installed) and

a tower lease with Verizon, providing major credit strength to the income stream. The surrounding high end residential area currently has 123, 469 residents

in a three mile radius with an average household income of $123,685. New housing growth is ongoing. The Ralph’s/CVS Shopping Center across the street

is marketing shop space for lease at $3.50 per square foot plus nets of $0.74 per square foot. The average shop rate at Dana Plaza is $2.15 plus estimated nets

of $0.50, providing new ownership with significant upside potential for future income.

Dana Plaza combines a prime Lake Forest corner location with stable existing Tenants surrounded by a mature South Orange County residential community.

DANA PLAZA INVESTMENT OVERVIEW

* 31,503 Square Foot +/- Retail center, Plus

* Exxon / Mobil Pad and Verizon Tower

* Numerous well seasoned Tenants

* Sales Price - 6.75 % Cap

John Moss

(949) 334-4042 Phone


DANA PLAZA

DANA PLAZA Offering Summary and Property Specifications

Pricing: $13,270,000 2019 Actual Income: $895,793 Cap Rate: 6.75 % (based on 2019 actual income) Current Occupancy: 90% Lease Types: All leases are triple net, except Verizon tower lease Notable Tenants: Exxon / Mobil Oil, Verizon, 7-Eleven, Subway, Montessori School Rentable Shop Space: 31,503 Square Feet +/- (plus Exxon / Mobil Pad and Verizon Tower) Land Area: 3.51 Acres 152,805 Square Feet (includes Mobil Pad) Parking Spaces: 141 Spaces (4.47 per thousand) +/-

John Moss

(949) 334-4042 Phone


DANA PLAZA

Site Plan 222 223

221

21721

Address: Suite: Tenant 21701 #1 Subway Lake Forest #2 Threading Salon #3 7-Eleven

Address: Tenant: 21721 Lake Forest Exxon / Mobil

Address: Suite: Tenant: 25435 #1-7 Montessori School Trabuco #8 Available 1,025 SF #9 Donut Shop

Address: Suite: Tenant: 25431 #1 Party Supply Trabuco #2 Vapor Store #3 Mortuary Office #4 Chiropractor #5 Brazilia Alterations #6 Ameci Pizza #7 Hair Nails & Spa #8 Beauty Brow

Address: Suite: Tenant: 25421 #1 1,500 Sq Ft Available Trabuco #2 Tae Kwon Do

Address: Suite: Tenant: 25411 #111 Barber Shop Trabuco #112-113 Dentist #221 780 Sq Ft Available #222 Eye Lashes #223 Art School

DENTIST

IRVINE

LAKE FOREST

RANCHO SANTA MARGARITA

TRABUCO CANYON

COTO DE CASA MISSION VIEJO

Demographics

John Moss

(949) 334-4042 Phone

[email protected]

DANA PLAZA See Dana Plaza Confidential Memorandum & Disclaimer

Brand Profiles

Exxon / Mobil

Company Type: Public

Locations: 12,000 locations in USA

Exxon / Mobil is one of the world’s largest publicly traded

international oil and gas companies. Exxon / Mobil is ranked

Second in the Fortune 100 companies in total income.

Dana Plaza’s original pad lease was with Circle K stores which

is a wholly owned subsidiary. Current operation is a Mobil

gas station.

Verizon



Verizon is ranked #16 on the Fortune 500 rankings of the largest

United States corporations by total revenue.

Verizon operates a cell tower in Dana Plaza.

7 Eleven


Locations: 10,000 in the USA, 67,000 Worldwide

7 Eleven is a retail convenience store and are operated in 17 countries.

Dana Plaza lease is with the parent corporation.

Subway



Subway is the largest restaurant chain in the world with more than

44,000 locations in 113 countries.

Dana Plaza lease is with the parent company,

Subway Real Estate Corporation.

IRVINE

LAKE FOREST


TRABUCO CANYON


Demographics

1 Mile 3 Mile 5 Mile

Population 24,585 123,469 303,953

Households 8,578 43,0461 115,326

Average HH Income $133,008 $123,685 $131,217

IRVINE

LAKE FOREST

TRABUCO CANYON


COTO DE CASA

Source: Esri, 2019

Demographics

John Moss

(949) 334-4042 Phone


DANA PLAZA Lake Forest Dr. & Trabuco Rd.

Lake Forest, CA

MISSION VIEJO

John Moss

(949) 334-4042 Phone


DANA PLAZA

DANA PLAZA SALES COMPARISONS

SUBJECT PROPERTY PRICE BUILDINGS NOTES CAP

AREA

DANA PLAZA 21701 Lake Forest Drive Lake Forest, CA 92630

$13,270,000 31,500 SF Exxon / MOBIL Pad 6.75% & Verizon Tower are a part, but not included in the 31,500 Building Area SF

SALE COMPS PRICE BUILDINGS DATE SOLD CAP

AREA

TRABUCO HILLS CENTER 27765 Santa Margarita Pkwy Mission Viejo, CA 92891

$9,465,000 24,240 SF 09/27/2018 5.25%

MISSION VIEJO FREEWAY CENTER 27765 Santa Margarita Pkwy Mission Viejo, CA 92891

$5,860,000 24,965 SF 06/13/2018 5.49%

ON MARKET PRICE BUILDINGS CAP

AREA

EL TORO PLAZA 21991 El Toro Road Lake Forest, CA 92630

$4,800,000 9,998 SF 5.25%

MARGUERITE PLAZA 28892 Marguerite Pkwy Mission Viejo, CA 92692

$8,660,000 24,894 SF 5.25%

SALES COMPARISONS & ON MARKET SOURCE: Loopnet - December 12, 2019

IRVINE

LAKE FOREST


TRABUCO CANYON


Demographics

John Moss

(949) 334-4042 Phone

[email protected]

DANA PLAZA

See Dana Plaza Confidential Memorandum & Disclaimer

Property Photos

IRVINE

LAKE FOREST


TRABUCO CANYON


Demographics

John Moss

(949) 334-4042 Phone

[email protected]


DANA PLAZA Property Photos

IRVINE

LAKE FOREST


TRABUCO CANYON


Demographics

John Moss

(949) 334-4042 Phone

[email protected]

DANA PLAZA


Property Photos

IRVINE

LAKE FOREST


TRABUCO CANYON


Demographics

John Moss

(949) 334-4042 Phone

[email protected] DANA PLAZA


$131,217

5 Mile Avg HH Income

The City of Lake Forest takes a proactive role in growing its existing

businesses, attracting new businesses, and encouraging entrepreneurialism.

At just over 16 square miles, the City of Lake Forest, located at the heart of

Southern Orange County, remains one of California’s most

desirable locations. The City of Lake Forest includes companies such as:

Oakley, Del Taco corporate offices, Panasonic Avionics, Apria Healthcare,

Black & Decker, and Wonderware Corporation.

Source: The City of Lake Forest Website

303,953

5 Mile Population

John Moss

(949) 334-4042 Phone

[email protected]

DANA PLAZA


DANA PLAZA Parcel Map

Parcel One (1) & Parcel Two (2) in the County of Orange, State of California, as shown on a parcel map filed in Book 127, Page 50 of parcel maps, in the Office of the County Recorder of said county.

DANA PLAZA Aerial

John Moss

(949) 334-4042 Phone


John Moss

(949) 334-4042 Phone

[email protected]

DANA PLAZA CONFIDENTIAL MEMORANDUM AND DISCLAIMER

This is a confidential brochure intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of Dana Plaza Shopping Center. This brochure has been prepared by Parker Commercial Brokerage Company, Inc. (herein “PCBC”) on behalf of Dana Lake Forest, LP, a California limited partnership, (herein “Owner”), and has been reviewed by its representatives. The information pertaining to the subject property does not purport to be a representation of the state of affairs of the Owner or to contain all or part of the information which prospective investors may require to evaluate a purchase. All financial projections and information are provided for general reference purposes only and are based upon assumptions relating to market conditions, competition, and other factors beyond the control of the Owner and PCBC. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. Additional information and an opportunity to inspect the property will be made available to interested and qualified prospective purchasers. Neither the Owner nor PCBC, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this brochure or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this brochure or use of its contents. The Owner expressly reserves the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the subject property, and/or to terminate discussions with any obligation to any entity reviewing this brochure or making an offer to purchase the subject property unless and until written agreement(s) for the purchase 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 brochure, you agree that this brochure 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 brochure or any of its contents to any other entity without the prior written authorization of the Owner or PCBC. You also agree that you will not use this brochure or any of its contents in any manner detrimental to the interest of the Owner or PCBC. In this brochure, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete or necessarily accurate descriptions of the full agreements involved. Interested parties are expected to review all such summaries and other documents of whatever nature independently. If, after reviewing this brochure, you have no further interest in purchasing the property, kindly return this sales package brochure to PCBC.

Documents

DANA PLAZA · 2020. 6. 19. · John Moss (949) 334-4042 Phone [email protected] See Dana Plaza Confidential Memorandum & Disclaimer DANA PLAZA DANA PLAZA Offering Summary and Property