OFFERING MEMORANDUM Asking Price $1,060,000 440 W Court Street San Bernardino, CA 92401 440 W Court Street San Bernardino, CA 92401 Execs | EHREN JACOBS 1 Execs EXCLUSIVELY LISTED BY EHREN JACOBS REALTOR® CELL: (310) 920-8996 EMAIL: [email protected] LIC# 01219939 2 CONTENTS 4 INVESTING OFFERING Investment Highlights Property Summary 5-7 MAPS Site/Regional Aerial Tenant Interior Photos 8-9 DEMOGRAPHICS 10 CITY OVERVIEW 11 CITY HISTORY 12 CITY ECONOMY 12 Major Employers 13 DOWNTOWN REVITALIZATION EFFORTS 14 PARCEL LOCATION 3 INVESTING OFFERING Execs INVESTMENT OFFERING PROPERTY SUMMARY As exclusive sales agents RE/MAX Execs is proud to represent Addres s 440 W Court Street 440 W Court Street, San Bernardino, CA 92401 San Bernardino, CA 92401 INVESTMENT HIGHLIGHTS Parcel 0134-241-53-0000 Zoning Commercial • Fantastic Downtown Location • Property Vacant Year Built: 1930 • Be a part of the revitilazation efforts Lot Size: 7,429 ± Sq. Ft. • Excellent renovation opportunity Building Size: 23,235 ± Sq. Ft. • Historical Landmark Building This offering is subject to change, prior to sale, prior lease or withdrawal from the market without notice. The above information was furnished to us either directly by the Owner or his Agent or through a Co-Broker and thereforeis herewith submitted without any guarantee on our part, and while we do not guaramtee it and assume no liability for errors or omissions, we believe it to be correct. The information is given with the understanding that all the negotiations relative to purchase, sale, exchange or leasing of the property herein decribed will be conducted through RE/MAX EXECS. 4 MAPS Execs SITE / REGIONAL MAP 440 WEST COURT STREET COURTHOUSE (LOCATED ACROSS THE STREET) 5 MAPS Execs AERIAL TENANT CHASE FINANCIAL GROUP 440 WEST COURT STREET 6 MAPS Execs INTERIOR PHOTOS 7 DEMOGRAPHICS Execs DEMOGRAPHICS Demographics Summary 440 W Court St - 1 mi Radius 440 W Court St - 3 mi Radius 440 W Court St - 5 mi Radius Description Total % Total % Total % Populatons 2010 Census 15,013 100.00 139,045 100.00 353,995 100.00 2019 Estimate 15,706 100.00 145,404 100.00 369,677 100.00 Households 2010 Census 4,284 100.00 36,326 100.00 99,270 100.00 2019 Estimate 4,492 100.00 37,678 100.00 102,852 100.00 2019 Est. Population by Single-Classification Race 440 W Court St - 1 mi Radius 440 W Court St - 3 mi Radius 440 W Court St - 5 mi Radius Description Total % Total % Total % White Alone 6,622 42.16 62,762 43.16 158,069 42.76 Black or African American Alone 2,271 14.46 15,334 10.55 43,290 11.71 American Indian & Alaska Native Alone 282 1.79 2,290 1.57 4,857 1.31 Asian Alone 480 3.06 3,283 2.26 16,990 4.60 Native Hawaiian & Other Pacific Islander 61 0.39 646 0.44 1,522 0.41 Some Other Race Alone 5,230 33.30 54,137 37.23 125,431 33.93 Two or More Races 758 4.83 6,952 4.78 19,517 5.28 This offering is subject to change, prior to sale, prior lease or withdrawal from the market without notice. The above information was furnished to us either directly by the Owner or his Agent or through a Co-Broker and thereforeis herewith submitted without any guarantee on our part, and while we do not guaramtee it and assume no liability for errors or omissions, we believe it to be correct. The information is given with the understanding that all the negotiations relative to purchase, sale, exchange or leasing of the property herein decribed will be conducted through RE/MAX EXECS. Data supplied from Environics Analytics 8 DEMOGRAPHICS Pop-Facts® Demographics | Map Trade Area: 440 W Court St, San Bernardino, CA 92401 - 5 mi Radius Execs DEMOGRAPHICS 5 MI Radius Data supplied from Environics Analytics 9 Leaflet (http://leafletjs.com) | Powered by Esri (https://www.esri.com) | Loma Linda University, Montessori in Redlands, City of Colton, City of Redlands, City of Riverside, County of Riverside, San Bernardino County, Bureau of Land… Benchmark: USA Copyright © 2018 by Environics Analytics (EA). Source: Claritas - Pop-Facts Premier 2019. CITY OVERVIEW Execs San Bernardino, California San Bernardino is a city located in the Riverside–San Bernardino metropolitan area (sometimes called the “Inland Empire”) and that serves as the county seat of San Bernardino County, California, United States. As one of the Inland Empire’s anchor cities, San Bernardino spans 81 square miles on the floor of the San Bernardino Valley and as of 2017 has a population of 216,995. San Bernardino is the 17th-largest city in California and the 102nd-largest city in the United States. San Bernardino is home to numerous diplomatic missions for the Inland Empire, being one of four cities in California with numerous consulates. The governments of Guatemala and Mexico have also established their consulates in the downtown area of the city. California State University, San Bernardino is located in the northwestern part of the city. The university also hosts the Coussoulis Arena. Other attractions in San Bernardino include ASU Fox Theatre, the McDonald’s Museum, which is located on the original site of the world’s first McDonald’s, California Theatre, the San Bernardino Mountains, and San Manuel Amphitheater, the largest outdoor amphitheater in the United States. In addition, the city is home to the Inland Empire 66ers baseball team; they play their home games at San Manuel Stadium in downtown San Bernardino. 10 CITY HISTORY Execs San Bernardino, California The city of San Bernardino, California, occupies much of the San Bernardino Valley, which indigenous tribespeople originally referred to as “The Valley of the Cupped Hand of God”. The Tongva Indians also called the San Bernardino area Wa’aach in their language. Upon seeing the immense geological arrowhead-shaped rock formation on the side of the San Bernardino Mountains, they found the hot and cold springs to which the “arrowhead” seemed to point. Politana was the first Spanish settlement in the San Bernardino Valley, named for Bernardino of Siena. Politana was established May 20, 1810, as a mission chapel and supply station by 1852 1865 the Mission San Gabriel in the ranchería of the Guachama Indians that lived on the bluff that is now known as Bunker Hill, near Lytle Creek. In 1860 a gold rush began in the mountains nearby with the discovery of gold by William F. Holcomb in Holcomb Valley early 1860. Another strike followed in the upper reach of Lytle Creek. By the 1860s, San Bernardino had also became an important trading hub in Southern California. The city already on the Los Angeles – Salt Lake Road, became the starting point for the Mojave Road from 1858 and Bradshaw Trail from 1862 to the mines along the Colorado River and within the Arizona Territory in the gold rush of 1862-1864. The site of the original McDonald’s “E” Street and the Stewart Hotel, 1905 20th Century Highlights restaurant is now a Route 66 museum • In 1905, the city of San Bernardino passed its first charter. • World War II brought Norton Air Force Base. • In 1940, Richard and Maurice McDonald founded McDonald’s, along with its innovative restaurant concept, in the city. • In 1980, the Panorama Fire destroyed 284 homes. • San Bernardino won the All-America City award in 1977, but the city subsequently went into a long decline and has only recently begun to recover from the three recessions of the late 20th/early 21st centuries. • In 1994, Norton Air Force Base closed to become San Bernardino International Airport I-215 and downtown January snowfall, Shandin Hills Source: https://en.wikipedia.org/wiki/San_Bernardino,_California#History San Bernardino, California, city and village, 1909 11 ECONOMY Execs San Bernardino, California Government, retail, and service industries dominate the economy of the city of San Bernardino. From 1998 to 2004, San Bernardino’s economy grew by 26,217 jobs, a 37% increase, to 97,139. Government was both the largest and the fastest-growing employment sector, reaching close to 20,000 jobs in 2004. Other significant sectors were retail (16,000 jobs) and education (13,200 jobs). The city’s location close to the Cajon and San Gorgonio passes, and at the junctions of the I-10, I-215, and SR-210 freeways, positions it as an intermodal logistics hub. The city hosts the Burlington Northern and Santa Fe Railway’s intermodal freight transport yard, the Yellow Freight Systems’ cross-docking trucking center, and Pacific Motor Trucking. Large warehouses for Kohl’s, Mattel, Pep Boys, and Stater Bros. have been developed near the San Bernardino International Airport. Over the last few decades, the city’s riverfront district along Hospitality Lane has drawn much of the regional economic development away from the historic downtown of the city so that the area now hosts a full complement of office buildings, big-box retailers, restaurants, and hotels situated around the Santa Ana River. Top Employers Employer # of Employees California State University, San Bernardino 2,500+ Caltrans District 8 1,000+ City of San Bernardino 1,000+ Community Hospital of San Bernardino 1,000+ San Bernardino City Unified School District 1,000+ San Bernardino County Sheriff’s Department 1,000+ San Bernardino County Superintendent of Schools1,000+ San Manuel Band of Mission Indians 1,000+ Stater Bros. Markets 1,000+ St. Bernardine Medical Center 1,000+ Wells Fargo Home Mortgage 1,000+ Omnitrans 500–999 San Bernardino County Public Works 500–999 San Bernardino Valley College 500–999 According to the city’s 2010 Comprehensive Annual Financial Report, 12 ECONOMY Execs San Bernardino, California Downtown San Bernardino revitalization efforts In June 2009, the city’s Economic Development Agency, presented the San Bernardino City Council with the Downtown Core Vision / Action Plan– a guide for revitalizing Downtown San Bernardino for the next 10 years.