DOWNTOWN ENTERTAINMENT DISTRICT PARK PLATINUM TRIANGLE UC IRVINE GATEWAY HEALTH APARTMENTS OUTLETS AT ORANGE ± 778,000 SQ.FT. RETAIL ALLURE UPTOWN ORANGE APARTMENTS APARTMENTS RENAISSANCE AT T H O U S A N D UPTOWN ORANGE UC IRVINE E MEDICAL CENTER T T E H R WEST T H O U S A N D E OFFERING MEMORANDUM DEVELOPMENT OPPORTUNITY T H R E WEST 2920-3000 W CHAPMAN AVE | ORANGE PROPERTY OVERVIEW PROPERTY SUMMARY Existing Improvements Motel 6 and Denny’s Restaurant 2920 & 3000 W Chapman Ave Addresses: Orange, CA 92868 APN SF Acres 231-641-05 218 0.005 231-641-09 5,750 0.132 Parcel Numbers and 231-641-10 52,795 1.212 Square Footage: 231-641-11 89,864 2.063 Existing Denny’s Restaurant 231-641-12 49,310 1.132 TOTAL: 197,937 4.544 Current Zoning: C-2 UMU (Urban Mixed Use). Proposed zoning will Proposed Zoning: require General Plan Amendment and zone change. School District: Orange Unified School District Existing Motel 6 2 ACCESS AND STREETS UNPARALLELED ACCESSABILITY Three Thousand West enjoys a prime location surrounded by Interstate 5 and State Routes 22 and 57 (the “Orange Crush”), giving it unparalleled access to greater Orange County, as well as Los Angeles and San Diego counties. The site has almost immediate access to the Interstate 5 on/off ramps by way of West Chapman Avenue. The on/off ramps to State Route 57 are also one minute east of the site by way of West Chapman Avenue. Access to State Route 22 is a mile away by taking State Route 57 south. Less than two miles east is the Orange Metrolink Station, which is a stop for both the Orange Line (running from Oceanside to Los Angeles Union Station) and the Inland Empire – OC Line (running from Oceanside to Sn Bernardino). The site is a short 15 minute drive to John Wayne International Airport and a 45 minute commute to the Los Angeles International Airport. UC IRVINE MEDICAL CENTER ALLURE APARTMENTS RENAISSANCE AT UPTOWN ORANGE T H O U S A N D E T T R E H WEST LOCAL TRAFFIC COUNT Street Cross Street Avg. Daily Traffic 5 Freeway W Chapman Ave 299,000 W Chapman Ave 5 Freeway 33,000 3 INVESTMENT HIGLIGHTS UNMATCHED CENTRAL LOCATION: STRATEGIC LOCATION RETAIL, ENTERTAINMENT, GROCERY, AND EMPLOYMENT Orange is truly a great place to live, work and play. It is well-known for arts and This irreplaceable site offers walking distance access to the tremendously successful and culture, and home to never-before-seen exhibits, world-acclaimed artists, attractions, and continuously expanding Outlets at Orange. Three Thousand West is centrally located classic architecture. It is a place for business, the world headquarters for global players, between Ralph’s and Vons grocery stores. The 1.1 million square foot MainPlace mall the site of business centers serving Southern California, and the small business capital of is only 0.8 miles away for additional retail and entertainment options and the Irvine Orange County. Business Complex is only 10 minutes away via State Route 55 or can be easily accessed via surface streets. RETAIL MAP POTENTIAL BILLBOARD OR SUPERGRAPHIC OPPORTUNITY ANAHEIM TOWN SQUARE Three Thousand West offers an exceptionally central location at the “Orange Crush” interchange of State Routes 22 and 57 with Interstate 5. The site is clearly visible from Interstate 5 and State Route 57, creating the potential for significant additional income THE VILLAGE AT ORANGE ± 1 MILLION SQ.FT. RETAIL from billboards or supergraphics. Walmart TRANSIT ORIENTED DEVELOPMENT SITE An Orange County Transit District bus stop is in front of the site, placing Three Thousand STADIUM PROMENADE ± 164,000 SQ.FT. RETAIL West only an 11-minute bus ride (or 6-minute drive) from the Metrolink Orange Station. ANAHEIM GARDENWALK This classic station is a destination for both the Orange Line (running from Union Station TUSKATELLA SHOPPING CENTER ± 173,000 SQ.FT. RETAIL in Downtown Los Angeles to Oceanside) and the Inland Empire-Orange County Line (“IEOC,” running from San Bernardino to Oceanside). MINIMAL REGULATORY HURDLES OUTLETS AT ORANGE ± 778,000 SQ.FT. RETAIL Orange and Los Angeles are seeing tremendous voter-driven efforts to prevent MAIN PLACE MALL T H O U S A N D ± 1.1 MILLION SQ.FT. RETAIL development. Huntington Beach, Dana Point, Newport Beach, Costa Mesa, Los E T H R R E T H WEST Angeles (city) among others have all enacted moratoriums on new development or thrown significant roadblocks in the path of development. The City of Orange, where HARBOR PLACE Three Thousand West is located, remains one of a few developer-friendly cities in Orange County. 4 LEGENDARY ENTERTAINMENT Three Thousand West is only moments away from an array of entertainment, dining, and retail options at the nearby Outlets at Orange and the Main Place Mall (totaling approximately 1.6 million square feet). The Outlets at Orange boasts more than 120 outlet and value stores including Saks Fifth Avenue OFF 5TH, Neiman Marcus Last Call, Nordstrom Rack, Banana Republic Factory Store, and Tommy Hilfiger Company Store. MainPlace Mall, anchored by JCPenney, Macy’s and Nordstrom, offers plus 200 complementary stores and restaurants. Angel Stadium (home of the Los Angeles Angels of Anaheim), Honda Center (home of the Anaheim Ducks), Disneyland Park, and California Adventure Park are all less than ten minutes away. Disneyland California Adventure STRONG EMPLOYMENT GROWTH Orange County gained over 31,300 payroll jobs in 2016; CBRE Econometric Advisors forecast net employment growth of 0.7%, or 2,191 jobs in Orange County for 2016. The region’s strong sectors in electronics and technology, bioscience and medical research, health services and diverse professional sectors position Orange County to maintain its rapid growth trajectory. Over the last five years, Orange County's total employment has grown at an average annual rate of 2.8%, 36% higher than the United States’ average annual rate of 1.8%. Orange County's education & health employment sector will post the best job performance over the next five years, specifically benefitting properties like Three Thousand West that are in close proximity to these employers. OFFERING PROCESS CONFIDENTIALITY The Outlets at Orange Three Thousand West is being offered on an unpriced basis to qualified developers as part of a carefully defined process. Confidentiality of the process is paramount to the seller. Investors are requested to not contact the city without the prior written consent of Seller. At the call for offers date, submissions will be evaluated based on pricing, due diligence and close of escrow timing, financial capability and track record in previous transactions. *Investor should verify these fees through their own independent due diligence. We request that all potential bidders abstain Blake Woodward First Vice President, CBRE From contacting the City of Orange directly. +1 949 725 8547 Please direct all property related questions to: [email protected] Angel Stadium of Anaheim 5 STADIUM PROMENADE ± 164,000 SQ.FT. RETAIL PLATINUM TRIANGLE ANAHEIM REGIONAL TRANSPORTATION INTERMODAL CENTER E ORANGEWOOD AVE GATEWAY APARTMENTS RENAISSANCE AT ALLURE UPTOWN ORANGE APARTMENTS T H O U S A N D E T T R E H WEST UC IRVINE UPTOWN ORANGE MEDICAL CENTER APARTMENTS C AFFILIATED BUSINESS DISCLOSURE CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses representatives make any representation or warranty, expressed or implied, as to the accuracy or including, but not limited to, brokerage services, property and facilities management, valuation, completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall investment fund management and development. At times different Affiliates may represent various arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely clients with competing interests in the same transaction. For example, this Memorandum may be on your investigations and inspections of the Property in evaluating a possible purchase of the real received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or property. other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer and may be the successful bidder for the Property. You hereby acknowledge that The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to interest on the Property, and/or to terminate discussions with any entity at any time with or without disclose to you the involvement of any Affiliate in the Property transaction. In all instances, however, notice which may arise as a result of review of this Memorandum. The Owner shall have no legal CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this commitment or obligation to any entity reviewing this Memorandum or making an offer on the Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits Property unless and until written agreement(s) for the transaction of the Property have been fully any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its executed, delivered and approved by the Owner and any conditions to the Owner’s obligations business in a manner consistent with the law and any fiduciary duties owed to the client(s) it therein have been satisfied or waived.