FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
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Purchasing Guidelines CBRE is proud to announce this exciting big box opportunity located in the Coachella Valley with adjacent retail shop building and outparcel pads. Adjacent retailers include Marshall’s, Chase Bank, Sally Beauty Supply and AT&T. The Target building was built in REDEVELOPMENT/ 2008 and is in good condition. RETENANTING OPPORTUNITY We invite you to review this information package and make an offer on this property.
CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page PROPERTY SUMMARY
Property Summary
Property Description
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JACKSON ST 20,000 AADT Signage
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Contacts SIZE: PROPERTY INFORMATION: Purchasing Guidelines ++C12.01± A ++ DOT Traffic Counts: ++ 173,891± SF building – 20,000 AADT on Jackson Street – 60,000 AADT on Interstate 10 REDEVELOPMENT/ LOCATION: ++ Built in 2008 RETENANTING ++ Riverside County in the Coachella Valley, Indio, CA ++ Good quality/condition OPPORTUNITY ++ Excellent re-tenanting/redevelopment opportunity ++ Store ceased operations on January 28, 2017 FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page PROPERTY DESCRIPTION Pages 1 2 Property Summary This store ceased operations on January 28, 2017. All tours or investigations of the property must be arranged with Broker.
Property Description The following information is included herein for informational Flood Plain reference purposes only. Aerials & Photos The subject property is identified as being in Flood Zone DESCRIPTION OF THE PROPERTY X, according to Flood Insurance Community Panel No. 06065C2252G dated August 28, 2008. Flood Zone X is Signage The subject property is a freestanding building located in a defined as areas outside of the 100-year flood plain. This area shopping center with an adjacent retail shop building and out is typical of the immediate area. Site Plans & Survey parcel pads. Adjacent retailers include Marshalls, Chase Bank, Sally Beauty Supply, AT&T, and multiple small shop tenants. The ZONING AND LAND USE CONTROLS Target building was built in 2008 as a Super Target and is in Demographics good condition. Zoning
Demographic Maps The site has traffic counts of 20,000 AADT on Jackson Street The property is zoned MU (DA), by the city of Indio. The intent and 60,000 AADT on Interstate 10. of this district is to allow General business uses including the retailing of major goods and services, general office facilities Market Overview Location/Access and public areas.
Legal Disclaimer The property is located at the Southwest corner of Jackson Street For complete zoning information please see the Files for and Atlantic Avenue just north of Interstate 10. Indio is located in Download section of this package. Riverside County in the Coachella Valley, 23 miles (37 km) east Files for Download of Palm Springs, 77 miles (124 km) east of Riverside, 127 miles GOVERNING AND RESTRICTIVE AGREEMENTS (204 km) east of Los Angeles, and 98 miles (158 km) north of Contacts Mexicali, Baja California on the U.S.-Mexican border. Operation and Easement Agreement
Size/Dimensions The property is subject to an Operation and Easement Purchasing Guidelines Agreement dated November 20, 2007 and amended one time. The subject property is a 173,891± SF building on approximately This agreement runs for approximately 92 years, until April 30, 12.01± acres of land. Please refer to the survey available in the 2099. Please refer the to the entire document in the Files for REDEVELOPMENT/ Files for Download section of this report for more details. Download section. All buyers must acknowledge receipt and RETENANTING acceptance of this Agreement. OPPORTUNITY Legal Owner/Seller Target Corporation (“TARGET”), a Minnesota Corporation. FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page PROPERTY DESCRIPTION Pages 1 2 Property Summary DESCRIPTION OF IMPROVEMENTS INTERIOR DESCRIPTION Age Interior Partitioning Property Description The Target building was originally built in 2008 and is in very Interior space is partitioned utilizing a combination of masonry block with gypsum board and metal studding with gypsum board Aerials & Photos good condition. wall construction. Fire walls, per code, are constructed of the Type of Construction masonry block and/or metal studding with fire rated gypsum Signage board. Class C, masonry construction. Interior Dimensions of Space Site Plans & Survey Foundation/Floor Design Column spacing varies throughout the store. Building plans will Demographics Poured, reinforced concrete footings, slab on grade construction. be available to prospective buyers once an LOI is executed. EQUIPMENT AND MECHANICAL SYSTEMS Demographic Maps Exterior Walls/Windows HVAC Concrete masonry unit exterior walls. The front elevation of Market Overview the store includes split-face concrete masonry units. The store A summary of the HVAC units and ages is available upon request. features two primary entrances along the northern elevation of Legal Disclaimer the building. The main entries feature four sets of double glass Fire Protection doors (two automatic) and dual cart doors. The property features a wet-pipe sprinkler fire protection system. Files for Download Roof Note that Target will remove all proprietary monitoring systems of the fire protection service. The subject has the original roof; a 45mil Cooley PVC installed Contacts in 2008 by Emmons Roof Service
Purchasing Guidelines Special Features
Along the eastern elevation of the building are three dock high bay doors for receiving plus a trash compactor door (trash REDEVELOPMENT/ compactor to be removed prior to sale). RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page PROPERTY AERIAL Pages 1 2 3 Property Summary
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page PHOTOS Pages 1 2 3 Property Summary
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
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Property Summary
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Demographics
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page SITE PLAN Pages 1 2 3 Property Summary
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page SURVEY Pages 1 2 3 Property Summary
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page FLOOR PLAN Pages 1 2 3 Property Summary
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page DEMOGRAPHICS
Property Summary POPULATION HOUSING UNITS 1 Mile 3 Miles 5 Miles 1 Mile 3 Miles 5 Miles Property Description 2016 Population - Current Year Estimate 13,929 69,046 136,749 2016 Housing Units 3,961 23,976 51,554 2021 Population - Five Year Projection 14,995 73,947 147,170 2016 Vacant Housing Units 416 3,853 9,607 Aerials & Photos 2010 Population - Census 12,677 63,056 126,636 2016 Occupied Housing Units 3,545 20,122 41,947 2000 Population - Census 6,906 44,899 78,997 2016 Owner Occupied Housing Units 2,575 12,505 27,537 Signage 2010-2016 Annual Population Growth Rate 1.52% 1.46% 1.24% 2016 Renter Occupied Housing Units 970 7,617 14,410 2016-2021 Annual Population Growth Rate 1.49% 1.38% 1.48% Site Plans & Survey EDUCATION Demographics HOUSEHOLDS 1 Mile 3 Miles 5 Miles 1 Mile 3 Miles 5 Miles 2016 Population 25 and Over 8,210 41,789 84,746 Demographic Maps 2016 Households - Current Year Estimate 3,545 20,123 41,947 HS and Associates Degrees 4,579 22,898 46,752 2021 Households - Five Year Projection 3,798 21,554 45,036 Bachelor's Degree or Higher 1,322 6,523 17,022 Market Overview 2010 Households - Census 3,332 18,455 39,165 2000 Households - Census 1,611 12,112 23,513 PLACE OF WORK Legal Disclaimer 2010-2016 Annual Household Growth Rate 1.00% 1.39% 1.10% 1 Mile 3 Miles 5 Miles 2016-2021 Annual Household Growth Rate 1.39% 1.38% 1.43% 2016 Businesses 227 1,905 3,522 Files for Download 2016 Average Household Size 3.93 3.38 3.23 2016 Employees 2,304 22,915 39,798
Contacts HOUSEHOLD INCOME 1 Mile 3 Miles 5 Miles Purchasing Guidelines 2016 Average Household Income $83,021 $68,049 $76,827 2021 Average Household Income $91,175 $74,549 $83,305 REDEVELOPMENT/ 2016 Median Household Income $69,998 $50,681 $56,079 RETENANTING 2021 Median Household Income $80,467 $52,530 $59,710 OPPORTUNITY 2016 Per Capita Income $21,138 $20,354 $23,926 2021 Per Capita Income $23,092 $22,195 $25,844 FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page LOCATION Pages 1 2 3 4 Property Summary
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page MEDIAN HOUSEHOLD INCOME Pages 1 2 3 4 Property Summary
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page POPULATION DENSITY Pages 1 2 3 4 Property Summary
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page POPULATION GROWTH Pages 1 2 3 4 Property Summary
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page MARKET OVERVIEW Pages 1 2 Property Summary AREA ANALYSIS
Indio is a city in Riverside County, California, located in the choose Indio for the location of transport routes, low economical Property Description Coachella Valley of Southern California’s Colorado Desert costs and growth potential. region. It lies 23 miles east of Palm Springs, 77 miles east of Aerials & Photos Riverside, and 127 miles east of Los Angeles. Annual Events The population was 76,036 in the 2010 United States Census, Because of the numerous festivals and special events held Signage up from 49,116 at the 2000 census, an increase of 55%. The annually in Indio, the Chamber of Commerce deemed Indio’s total population of the City of Indio today is 88,058. In the past official nickname to be: “The City of Festivals.” Site Plans & Survey quarter a century (from 1984 to 2008), Indio has grown many times its previous size. Indio handles unprecedented growth for In 1993, Paul Tollett, president of Goldenvoice, booked a being a select area of choice for thousands of new residents per Pearl Jam concert at the Empire Polo Club in Indio and six Demographics year: an estimated 25 new residents are added per day. The years later the Coachella Valley Music and Arts Festival was 2010 United States Census recorded the city’s population to be born. Since 2001, Coachella has been an annual event that Demographic Maps about 76,000 residents, but doesn’t estimate seasonal residents has brought notable music acts to the desert, including: Prince, (Indio may have 90-100,000 residents by New Year’s Day). The Paul McCartney, Kanye West, Radiohead, Dr. Dre, Snoop Dogg, current population estimate for Indio (as of 2016) is 91,000. The Pixies, The Cure, The White Stripes, Jay-Z, Tool, Beastie Boys, Market Overview City of Indio has over 10,000 approved yet to be built homes, Red Hot Chili Peppers, Jane’s Addiction, Roger Waters and almost exclusively in the northern portion of the City within a 5 several others. Coachella extended the festival to three days in Legal Disclaimer mile radius of the subject shopping center. 2007 and in 2010, organizers did away with single-day tickets, offering instead three-day passes. In recent years, Indio served as a magnet of job opportunities for Files for Download immigrants, and newcomers from parts of California and across In May 2007, Goldenvoice, promoters of Coachella, started the nation. Job fields, such as agriculture, construction, hospitality Stagecoach, a two-day country music festival held the weekend Contacts (hotel resorts), maintenance, and retail and housekeeping are following the Coachella. Performers have included George highly needed in the area. Strait, Kenny Chesney, the Eagles, Sugarland, Taylor Swift, Carrie Underwood and Kid Rock. Purchasing Guidelines Indio sought more corporate businesses and office professions, including fruit packing and shipping firms. Locally based United On April 15, 2016 it was reported that Goldenvoice was trying States Filter Corporation, Guy Evans Inc., Dimare Fruit Co., West to bring together The Rolling Stones, The Who, Paul McCartney, REDEVELOPMENT/ Coast Turf and Japanese-owned Sun World Inc.; and move- Bob Dylan, Roger Waters, and Neil Young for a 3-day mega RETENANTING in companies such as Borden, Coca-Cola, Ernie Ball, Ernst concert known as Desert Trip to take place some time in 7–9 and Young, Ferguson, Fulton Distributors, Guthy-Renker, Pulte October 2016. It would take place at the same venue as the OPPORTUNITY Homes, Sunrise Company, SunScape Tech and Tala Industries Coachella Music Festival. FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page MARKET OVERVIEW Pages 1 2 Property Summary Indio is also the site of the annual Southwest Arts Festival, the More specific to retail categories such as General Merchandise, Cabazon Indian National Pow Wow, the Palm Springs Kennel Grocery and Health/Personal Care, the total market demand Club’s Annual Dog Show and Rhythm, Wine and Brews Festival for 2015 was $394.58 million while the supply (actual sales) Property Description at the Empire Polo Club, Heritage Festival at the Coachella Valley totaled $327.76 million. This means that there is a current gap/ History Museum and the Family Motor Coach Association’s retail opportunity) to capture an additional $66.82 million in Aerials & Photos Annual Western Region RV Rally at the Fairgrounds. sales without any additional growth. MARKET GROWTH Signage A study was recently commissioned to look at the primary market Site Plans & Survey growth within the trade area surrounding the subject shopping center. It determined that overall the population in the primary market will grow at a rate of 2.67% per annum which is about Demographics three times the growth rate of the State of California as a whole (.9%) and twice the growth rate of Riverside County (1.3%). Note Demographic Maps that Riverside County is consistently ranked as one of the fastest growing counties in both California and the nation.
Market Overview In real numbers, the primary market area currently has 125,839 residents. This is expected to grow to 156,025 by 2025, an Legal Disclaimer additional 30,187 residents (3,354 per year). This is generated, in part, through the construction of a projected 460 new homes in the primary market each year from 2017-2025. The cities of Files for Download Indio and Coachella report a combined 14,000 fully entitled, ready to construct residential units. Contacts RETAIL MARKET OPPORTUNITY
Purchasing Guidelines According to the commissioned study, Retail Sales for 2015 within the market area totaled about $1.03 billion. The total retail demand was estimated to be $1.475 billion. This means, REDEVELOPMENT/ that at current there is additional retail market opportunity and RETENANTING based on the existing population, visitors and flow-thru traffic that the market is NOT saturated. OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page LEGAL DISCLAIMER
Property Summary CBRE, Inc. | Licensed Real Estate Broker
CBRE, Inc., (“CBRE”), has been retained as exclusive advisor and broker to Target Corporation (“Owner”), regarding the sale of a Property Description 173,891 square foot building on a 12.01 acre tract of land at T-2441 Indio, CA (“Property”).
Aerials & Photos This Confidential Offering Memorandum has been prepared by CBRE for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all- inclusive or to contain all of the information which prospective buyers may need or desire. All projections have been developed Signage by CBRE, Owner and designated sources and are based upon assumptions relating to the general economy, competition and other factors beyond the control of CBRE and Owner, and therefore are subject to variation. No representation is made by CBRE Site Plans & Survey or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, CBRE, Owner and their employees, disclaim any responsibility for inaccuracies and expect prospective Demographics buyers to exercise independent due diligence in verifying all such information. Further CBRE, Owner and their employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the Confidential Demographic Maps Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Confidential Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Properties or Owner since the date of preparation of the Confidential Offering Memorandum. Analysis and verification of the information Market Overview contained in the Confidential Offering Memorandum is solely the responsibility of the prospective buyer. Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified prospective buyers. Legal Disclaimer Owner expressly reserves the right, at its sole discretion, to reject any or all expression or interest or offers regarding the Property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation Files for Download to any entity reviewing the Confidential Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner, a written agreement for the sale of the Property has been fully executed, delivered and approved by Contacts Owner and its legal counsel, and any conditions to Owner’s obligations there under have been satisfied or waived.
This Confidential Offering Memorandum and the contents, except such information which is a matter of public record or is provided Purchasing Guidelines in sources available to the public, are of a confidential nature. By accepting the Confidential Offering Memorandum, you agree that you will not use the Confidential Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or CBRE. If you have no interest in the Property at this time, please return the Confidential Offering Memorandum REDEVELOPMENT/ forthwith to CBRE. RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
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++ Notice to Parties ++ Survey Site Plans & Survey Click to Click to Download Download Demographics
Demographic Maps ++ Full Demographic Report ++ Amended Operation Easement Click to Click to Agreement Download Download Market Overview
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page CONTACTS
Property Summary RIVERSIDE COUNTY WEBSITES: BROKER CONTACTS: Riverside County Suzanne Pinel Washburn Property Description http://www.countyofriverside.us/ Senior Vice President +1 407 839 3111 Aerials & Photos [email protected] Lic. 2013292 Signage RIVERSIDE COUNTY CONTACTS: Xan Saks County Clerk +1 951 955 1069 Site Plans & Survey Beta Retail | Partner & Co-Founder +1 310 529 4606 Public Defender +1 951 955 5400 [email protected] Demographics Lic. 01875229 Code Enforcement +1 951 955 2004 Demographic Maps Planning Department +1 951 955 6097
Market Overview Economic Development +1 951 955 8916 CBRE, Inc. | Licensed Real Estate Broker 200 S. Orange Ave | Suite 2100 Legal Disclaimer Sheriff’s Office +1 800 950 2444 Orlando, FL 32801 | www.cbre.com/orlando +1 407 404 5000 Files for Download
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REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page LEASING GUIDELINES Pages 1 2 3 Property Summary TIMING OF TRANSACTION The sale of the property may occur no sooner than April 15, 2017.
Property Description INITIAL DUE DILIGENCE The opportunity to investigate and tour the Property will be made available upon request to interested and qualified buyers. Buyers Aerials & Photos and their representatives may not tour the interior of the buildings on their own. Once arranged in accordance with these guidelines, property tours will be scheduled coordinated and conducted by representatives of CBRE, Inc. Each prospective buyer is to rely solely upon its own investigation, evaluation and judgment as to the conditions attributes and value of the property. Signage CONDITION OF SALE Site Plans & Survey The property is being offered in its “As Is” condition, however, buyer improvement allowance may be available to a qualified buyers at Target’s discretion. Owner and Broker have limited property information. Buyer shall confirm by Buyer’s own due diligence the condition and suitability of the property, without any reliance upon information provided herein. Demographics PERSONAL PROPERTY, TRADE FIXTURES AND SYSTEMS Demographic Maps On or before the Sale Date, notwithstanding any provision in this Agreement that may be construed to the contrary, Buyer shall have the right (but not the obligation) to remove from the Property: (i) any or all of Seller’s inventory, trade fixtures and other removable personal property (including but not limited to point of sale equipment), (ii) Seller’s compactor, bailer and generator, and (iii) Seller’s Market Overview security, energy management and phone systems.
Legal Disclaimer DOCUMENTATION TARGET will prepare the Sale Agreement and related documents.
Files for Download TITLE REPORT To be provided by TARGET, upon execution of the Sale Agreement. Contacts ENVIRONMENTAL Environmental Reports will be made available upon execution of the Sale Agreement. Purchasing Guidelines EXCLUSIVE BROKER CBRE, Inc., hereinafter referred to as “Seller’s Brokers,” pursuant to a separate listing agreement with Target Corporation. All brokers REDEVELOPMENT/ and prospective buyers must sign and return the Broker Registration Certificate contained in the Files for Download section herein. RETENANTING OPPORTUNITY PROPERTY CONTACTS A list of property contacts is contained in the Contact section of this presentation. FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page LEASING GUIDELINES Pages 1 2 3 Property Summary OFFER FORMAT It is highly recommended that all offers be made in the form of a Letter of Intent (LOI) and should include, at a minimum, the following information: Property Description ++ A full outline of the terms offered. Aerials & Photos ++ Contingencies (detailed) and length of due diligence period (see below). ++ Source of Buyer’s financing. ++ A detailed description of the proposed use of the site, including the nature of the planned operator(s). In this regard, Signage TARGET intends to confirm anchor tenant(s) interest in this location. ++ A Buyer’s corporate resume including a list of recent sales of similar properties with at least five related references. Site Plans & Survey ++ A contact name and means of contact for Buyer’s firm (including e-mail address). ++ Identification of Buyer’s broker, if any, together with a statement that no other brokers are involved whom can rightfully claim to represent the Buyer. Buyer understands that TARGET will rely on this information. A Broker Registration Demographics Certificate must be completed and submitted with each offer. Certificates can be requested by contacting [email protected] Demographic Maps REVIEW OF OFFER(S)
Market Overview Right to Reject
Legal Disclaimer CBRE, Inc. and TARGET will review all offers. Acceptability of offers will be based on sale price, Buyer’s financials, Buyer’s business resume and reputation, ability and willingness of the Buyer to close the sale, length of time to close and other pertinent factors of concern to TARGET. CBRE, Inc. and TARGET expressly reserve the right, in their sole discretion, to review and/or reject any or all Files for Download expressions of interest or offers to purchase the Property, and/or to terminate discussions with any person or entity at anytime with or without notice. TARGET shall have no legal commitment or obligations to any person or entity reviewing the Offering Memorandum Contacts or making an offer to purchase the Property unless and until such offer is approved by TARGET, a Sale Agreement for the sale of the Property has been fully executed, delivered and approved by TARGET and its legal counsel, and any conditions to TARGET’s obligations thereunder have been satisfied or waived. Purchasing Guidelines
REDEVELOPMENT/ RETENANTING OPPORTUNITY FOR SALE 173,891 SF AVAILABLE IN REGIONAL POWER CENTER PRICE: $6,000,000 10-HWY & JACKSON STREET | INDIO, CA 92203
Cover Page LEASING GUIDELINES Pages 1 2 3 Property Summary Confidentiality, Conditions and Disclaimer
This Offering Memorandum has been prepared by CBRE, Inc. for use by a limited number of parties, and does not purport to Property Description provide a necessarily accurate summary of the subject Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire. No representation is made by CBRE, Aerials & Photos Inc. or TARGET as to the accuracy or completeness of the information contained herein, nor in subsequently provided materials, and nothing contained herein is or shall be relied on as a promise or representation as to the condition of or future performance of the Property. Although the information contained herein is believed to be correct, CBRE, Inc. as well as TARGET and its employees Signage disclaim any responsibility for inaccuracies, and expect prospective buyers to exercise independent due diligence in verifying all such information. Further, CBRE, Inc., TARGET and its employees disclaim any and all liability for representations and warranties, Site Plans & Survey expressed and/or implied, contained in or for omission from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute a representation that there have been no changes of any nature involving the Property since the date of preparation of the Offering Memorandum. Analysis and verification Demographics of the information contained in the Offering Memorandum is solely the responsibility of the prospective Buyer.
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REDEVELOPMENT/ RETENANTING OPPORTUNITY © 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/ or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.