17901 Soledad Canyon Rd Croft Ave |Santa Cloverfield Clarita Ave | Fountain | CA | Ave 91387 | La Cienega

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17901 Soledad Canyon Rd Croft Ave |Santa Cloverfield Clarita Ave | Fountain | CA | Ave 91387 | La Cienega 17901 Soledad Canyon Rd Croft Ave |Santa Cloverfield Clarita Ave | Fountain | CA | Ave 91387 | La Cienega Prime Adaptive Reuse Senior Housing Opportunity ±102,000 SqFt Assisted Living / Redevelopment Project 187 Beds (214 Allowable) | 2012 Construction | Class A Build Approved CUP for 214 Beds | Priced Millions Below Replacement 5900 Canoga Ave #110 , Woodland Hills CA6355 91306 Topanga | www.anverscp.com Blvd Suite 100, | www.peakcommercial.comWoodland Hills, CA 91367 CONFIDENTIALITY AGREEMENT This Offering Memorandum was prepared by Peak Commercial (Broker) on the behalf of the Owner reserves the right to reject any or all expressions of interest or offers to purchase this Owner. By accepting this Offering Memorandum, the party in possession hereof agrees (i) to property, as well as the right to terminate discussions with any party at any time with our return it to Owner/Agent immediately upon request and (ii) that this Offering Memorandum without notice. Owner shall have no legal commitment or obligation to any purchase and its contents are of a confidential nature and will be held and treated in strict confidence. reviewing this Offering Memorandum or making an offer to purchase this property unless a No portion of this Offering Memorandum may be copied or otherwise reproduced or written agreement for the purchase of the property has been fully executed, delivered and disclosed to anyone without the prior written authorization of officer of Owner/Agent. approved by Owner and any conditions to Owner’s obligations thereunder have been Principals and real estate brokers are prohibited from disseminating this information without satisfied or waived. the specific written consent of an officer of Owner/Agent. The terms and conditions set forth above apply to this Offering Memorandum in its entirety. This Offering Memorandum is subject to errors, omissions, changes or withdrawal without notice and does not constitute a recommendation or endorsement as to the value of the property as a reference and are based on assumptions proposed by Owner/Agent and their sources. Prospective purchasers should make their own projections and reach their own conclusion of value. Certain portions of this Offering Memorandum merely summarize or outline property information and are in no way intended to be complete nor necessarily accurate descriptions. All prospective purchasers are to rely upon their own investigations and due diligence in the formation of their assessment of the condition of the property, including engineering and environmental inspections. All relevant documents are expected to be reviewed independently by any prospective purchaser. Neither Owner nor the Agent nor any of their respective officers, advisors, agents, or principals has made or will make any representations or warranties, expressed or implied, as to the accuracy or completeness of the Offering Memorandum or any of the contents, and no legal commitment or obligations shall arise by reason of the Offering Memorandum or the contents. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser. Property Information Total OFFERING PRICE: $18,000,000 $175.25 PSF ± BUILDING SQFT: 102,712 CURRENT OCCUPANCY: 100% Vacant LAND SIZE: ±2.19 AC (95,418 SF) STORIES: 3 YEAR BUILT: 2012 PARKING SPACES: 4.37/1,000 SF (2 Level subterranean & on-grade) # of Expected Beds: 214 Allowable | Underwritten as 186 Notes: Property was built as a medical office building. Seller has obtained a conditional use permit for Senior Housing/Assisted Living usage with 214 Beds. 3 PROPERTY OVERVIEW CANYON CENTER | SANTA CLARITA Property Summary Peak Commercial & Anvers Capital Partners, as the exclusive advisor to Ownership, is pleased to present for sale 17901 Soledad Canyon Road in Santa Clarita, California (the “Subject Property”). The Subject Property is well-situated just north of the Santa Clara River near the intersection of Sierra Highway and Soledad Canyon Road. The property is comprised of one parcel totaling approximately 2.19 acres of land with one structure totaling 102,712 square feet of building area. The subject property was just newly constructed in 2012, and consists of 3 (2nd and 3rd floors consisting of •±41,000 SqFt floor plates) stories with two levels of subterranean parking. The property was built as an office/medical office building, however Seller is in the process of obtaining a conditional use permit for toward Assisted Living usuage given its ideal location, and physical design. The final project will consist of approximately 114 Units (214 Beds). 18 Beds on the first floor are allocated toward memory care, while the remaining 196 beds on the second and third floor will be assisted living. Property Highlights High-quality new construction, built in 2012. Property has never been occupied. Warm shell mostly in place and completed. Seller has obtained a CUP for a 214 bed assisted living project. Centrally located with favorable demographics and growth projections Two level Subterranean parking garage with a parking ratio of 4.37/1,000 SF. Strong demographics. Ideal location for an Assisted Living/Memory Care facility. Ideal Layout and design for assisted living mixed-use facility. Priced Millions below project's current replacement cost. 4 PROPERTY PHOTOS CANYON CENTER | SANTA CLARITA 14 PROPERTY PHOTOS CANYON CENTER | SANTA CLARITA 15 PROPERTY PHOTOS CANYON CENTER | SANTA CLARITA 16 PROPERTY PHOTOS CANYON CENTER | SANTA CLARITA 17 EXISTING FLOOR LAYOUT CANYON CENTER | SANTA CLARITA First Floor 18 EXISTING FLOOR LAYOUT CANYON CENTER | SANTA CLARITA Second & Third Floor 19 SATELITE AREIAL 20 SATELITE AREIAL 14 Subject Property 21 22 PROPERTY PLAT MAP CANYON CENTER | SANTA CLARITA CITY MAP | LOS ANGELES Subject Property S PROJECT OVERVIEW WRITE-UP & DESCRIPTION The City of Santa Clarita The City of Santa Clarita is the third largest city with a total estimated population of nearly in Los Angeles County. Nestled between the San 199,182 residents. Santa Clarita is the 18th Gabriel Mountain Range to the east and the largest city in the State of California following Santa Susana Mountain Range to the west - San Bernardino’s 213,933 residents. Santa Clarita is located just north of the San Fernando Valley, 30 miles from downtown Los The Santa Clarita Valley’s clean and amenity- Angeles, and 40 miles east of the Pacific Ocean. rich environment, award winning schools, highly The total area of the city is 64.41 sq. miles and skilled workforce and employment opportunities includes the communities of Canyon Country, are attracting both new employers and residents Newhall, Saugus and Valencia. to the region. Accordingly, the population in the Santa Clarita Valley has grown by nearly 35% Since incorporation in 1987, thirty-two over the past decade to over 278,000 and is on communities positioned adjacent to the City pace to reach 308,000 by 2018. have annexed into the City of Santa Clarita, adding a total of 18.1 square miles to the City. More affordable housing and new job creation in Population has increased from 110,642 in 1990. the Santa Clarita Valley will attract more people This increase in population can be attributed to into the region. The Newhall Ranch residential the aforementioned annexations, birth rates and development will create additional housing residents moving into Santa Clarita. opportunity adding more than 21,000 new homes to the area. Construction is anticipated to With 213,231 residents, the City of Santa begin in 2016 and is expected to continue in Clarita is the third-largest City in Los Angeles phases over the next 20 years. County, following the City of Los Angeles (3.9 million residents) and the City of Long Beach (472,779 residents). The City of Glendale ranks as the fourth-largest City in Los Angeles County, 24 MARKET OVERVIEW PROPERTY DEMOGRAPHICS Radius 3 Mile 5 Mile 10 Mile Population: 2023 Projection 87,039 127,987 430,441 2018 Estimate 84,685 124,585 421,988 2010 Census 77,161 113,842 401,304 Growth 2018-2023 2.78% 2.73% 2.00% Growth 2010-2018 9.75% 9.44% 5.15% Households: 2023 Projection 28,129 40,897 127,354 2018 Estimate 27,399 39,839 124,822 2010 Census 25,143 36,582 118,771 Growth 2018 - 2023 2.66% 2.66% 2.03% Growth 2010 - 2018 8.97% 8.90% 5.09% Owner Occupied 18,481 28,923 87,355 Renter Occupied 8,918 10,916 37,467 2018 Avg Household Income $99,298 $106,907 $107,753 2018 Med Household Income $82,440 $88,596 $87,135 2018 Households by Household Inc: <$25,000 3,175 4,092 14,492 $25,000 - $50,000 4,518 5,884 19,298 $50,000 - $75,000 4,670 6,443 19,425 $75,000 - $100,000 4,489 6,438 18,945 $100,000 - $125,000 3,358 5,015 15,170 $125,000 - $150,000 2,438 3,914 11,215 $150,000 - $200,000 2,704 4,362 13,062 $200,000+ 2,046 3,693 13,215 25 17901 Soledad Canyon Rd Croft Ave |Santa Cloverfield Clarita Ave | Fountain | CA | Ave 91387 | La Cienega Prime Adaptive Reuse Senior Housing Opportunity David Meir Will White Peak Commercial | Anvers Capital Partners Peak Commercial | Anvers Capital Partners Director | Managing Partner Transaction Coordinator 818.206.4349 818.836.6717 [email protected] [email protected] CA License #00877523 CA License #01970431 Jack Minassian Michael Katz Peak Commercial | Anvers Capital Partners Peak Finance | Capital Markets Director | Managing Partner Senior Managing Director 818.206.3168 818.466.6423 [email protected] [email protected] CA License #01275434 5900 Canoga Ave #110 , Woodland Hills CA 91306 | www.anverscp.com | www.peakcommercial.com.
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