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Pomona, CA Development up to ±3.41 Acres Available As a Portfolio Or Individually Neighborhood

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Pomona, CA Development up to ±3.41 Acres Available As a Portfolio Or Individually Neighborhood FOR SALE Redevelopment Opportunity Transit Oriented Potential for Urban Core - Pomona, CA Development Up to ±3.41 Acres Available as a Portfolio or Individually Neighborhood NEW Bid Due Date: Thursday, April 30, 2020 by 5:00 PM www.PomonaRedevelopment.com 1 (Extended due to COVID-19) 1 Pomona Redevelopment Pomona Redevelopment Table of Contents Property Descriptions 9 N. Main St. Area Overview 16 W .C W. Holt Ave. enter St. Rent Comparables 23 N. Garey Ave. LAURIE LUSTIG-BOWER CHALVIS R. EVANS Executive Vice President Managing Director +1 310 550 2556 +1 818 907 4635 [email protected] [email protected] Lic. 00979360 Lic. 01318400 KAMRAN PAYDAR KYLE BARRATT Vice President Vice President +1 310 550 2529 +1 818 907 4650 [email protected] [email protected] Lic. 012425920 Lic. 01900653 NEW Bid Due Date: Thursday, April 30, 2020 by 5:00 PM (Extended due to COVID-19) www.PomonaRedevelopment.com 4 The Opportunity Metrolink’s Downtown Pomona commuter rail train platform is located a few blocks from the properties and provides direct access to Downtown Los CBRE, Inc., as exclusive agent, is pleased to present for sale a portfolio of Angeles/Union Station to the west and Downtown Riverside to the east, with properties in the heart of Pomona, Los Angeles County, California. The properties points in between. Additionally, the Metrolink San Bernadino Line rail platform is can be purchased as a portfolio or individually or in any combination. approximately two miles away. The offering presents a compelling multifamily mixed-use redevelopment Transportation linkages via Interstate 10 along with State Routes 57, 60 and 71 opportunity in the urban core of Pomona, the seventh largest city in Los Angeles connect Pomona to Greater Los Angeles, San Bernardino and Riverside. The County. properties are an approximately 30-minute drive to Downtown Los Angeles and 15 minutes to Ontario International Airport. The Seller has an Exclusive Negotiating Agreement with the City to acquire an adjacent +/-1.24 acre parcel (currently a parking lot) at no cost with the condition The properties are being offered to the market on an unpriced basis and can that up to 90 parking spaces be provided for public parking in a new development. be purchased as a portfolio or individually or in any combination of the below A copy of this agreement is in the property website: groups: 1, 2 and 3. Buyers should indicate in their offers if they intend to pursue www.PomonaRedevelopment.com the City parking lot through the Seller’s Exclusive Negotiating Agreement. ADDRESS LAND SF ACRES APN 1 221 W. Holt Avenue 1 221 W. Holt Avenue ±43,996 ±1.01 8336-014-027 2 499 N. Garey Avenue 441 N. Garey Avenue 2 499 N. Garey Avenue ±25,058 ±0.58 8336-022-015 415 N. Garey Avenue 441 N. Garey Avenue ±9,226 ±0.21 8336-022-007 415 N. Garey Avenue ±8,524 ±0.20 8336-022-008 3 383 N. Main Street 3 383 N. Main Street ±7,796 ±0.18 8336-024-008 NEW Bid Due Date: Thursday, April 30, 2020 by 5:00 PM PST SUB TOTAL ±94,600 ±2.17 (Extended due to COVID-19) 109 W. Center Street www.PomonaRedevelopment.com 4 ±54,014 ±1.24 8336-022-901 (City parking lot) The Seller has an Exclusive Negotiating Agreement in place with the City to acquire this parking 1 221 W. Holt Ave. lot at no cost as long as a new development provides up to 90 Garey Ave. N. parking spaces for public parking. 499 N. Garey Ave. TOTAL- POTENTIAL UP TO ±148,614 ±3.41 W. Holt Ave. The properties boasts outstanding Walk Scores of 91-to-94 out of 100 – a “Walker’s 2 Paradise” – and is proximate to Pomona City Hall, Western University of Health Sciences, and Pomona’s Downtown Art Colony. N. Main St. Main N. 2 441 N. Garey Ave. The local community supports dynamic business enterprises including the annual 4 Los Angeles County Fair which generates a national economic impact of over $250 383 N. Main St. 2 million. W. Center St. A variety of lifestyle and recreational amenities are close to the properties, including a weekly Certified Farmers Market, monthly Artwalk gatherings, parks, 3 109 W. Center St. 415 N. Garey Ave. and convenient access to the San Gabriel mountains. 5 N➤ © 2019 Google © 2019 Google South View 2 3 4 1 DOWNTOWN POMONA Downtown Pomona is a safe, clean, friendly, historic mixed-use urban neighborhood that serves as a regional destination for the arts, antiques, retail and entertainment and is the center for commerce, education and culture within the diverse community. www.PomonaRedevelopment.com 6 North View 1 4 2 3 www.PomonaRedevelopment.com 7 Opportunity Highlights Excellent Location in A “Walker’s Paradise”. Acquire Up to a Exclusive Negotiating the Heart of Downtown Outstanding Walk ±3.41-Acre Assemblage Agreement With City of Pomona. Scores of 91-to-94 With Redevelopment Pomona for Adjacent Out of 100. Potential for Multifamily ±1.24-Acre Parcel. Mixed-Use. Proximate to Pomona Close to Two Metrolink Freeway Linkages to Located in a Transit Civic, Educational, and Commuter Rail Train Greater Los Angeles, Oriented Development Cultural Amenities. Platforms. San Bernardino, and Neighborhood. Riverside. www.PomonaRedevelopment.com 8 Property Descriptions N. Gordon St. E. Commercial St. 3 1 4 2 N. Garey Ave. E. Monterey Ave. W. Center St. W. Holt Ave. 9 www.PomonaRedevelopment.com 9 221 W. Holt Ave. Address 1 Pomona, CA 91768 ±43,996 SF Land Size ±1.01 Acres APN 8336-014-027 Zoning Corridors SP - Downtown Lease None Parking ±84 Spaces Entitled No Council District 1 City Council District Council Member Rubio R. Gonzalez W. Holt Ave. 1 N. Main St. 1 The Property has a Walk Score of 91 Pomona Specific Plan http://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf www.PomonaRedevelopment.com 10 Address 499 N. Garey Ave. 2A Pomona, CA 91768 Land Size ±25,058 SF ±0.58 Acres 499 N. Garey Ave. APN 8336-022-015 Zoning Corridors SP - Downtown Existing Building Size ±13,666 SF 2A Year Built 1962 441 N. Garey Ave. Lease Vacant Entitled No 2B City Council District Council District 1 Council Member Rubio R. Gonzalez 2C Address 441 N. Garey Ave. 2B Pomona, CA 91768 Land Size ±9,226 SF ±0.21 Acres 415 N. Garey Ave. APN 8336-022-007 Zoning Corridors SP - Downtown Existing Building Size ±8,516 SF Year Built 1952 Lease Partially Occupied; Month-To-Month Entitled No City Council District Council District 1 Council Member Rubio R. Gonzalez 2C 2B 2A Address 415 N. Garey Ave. 2C Pomona, CA 91768 W. Holt Ave. N. Garey Ave. Land Size ±8,524 SF ±0.20 Acres APN 8336-022-008 Zoning Corridors SP - Downtown The Properties have a Walk Score of Existing Building Size ±8,238 SF 94 Year Built 1928 Lease Partially Occupied; Month-To-Month Pomona Specific Plan http://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf Entitled No City Council District Council District 1 Council Member Rubio R. Gonzalez www.PomonaRedevelopment.com 11 Address 383 N. Main St. 3 Pomona, CA 91768 W. Center St. Land Size ±7,796 SF ±0.18 Acres 3 APN 8336-024-008 Zoning Corridors SP - Downtown Existing Building Size ±2,400 SF Year Built 2003 Lease Month-To-Month Entitled No City Council District Council District 1 Council Member Rubio R. Gonzalez N. Main St. 3 The Property has a Walk Score of 91 Pomona Specific Plan http://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf www.PomonaRedevelopment.com 12 Address 109 W. Center St. 4 Pomona, CA 91768 N. Garey Ave. Land Size ±54,014 SF ±1.24 Acres APN 8336-022-901 Zoning Corridors SP - Downtown W. Center St. Parking Up to 90 Spaces Entitled No City Council District Council District 1 4 Council Member Rubio R. Gonzalez W. Holt Ave. The Seller has an Exclusive Negotiating Agreement in place with the City to acquire this parking lot at no cost as long as a new development provides up to 90 N. Main St. parking spaces for public parking. 4 The Property has a Walk Score of 94 Pomona Specific Plan http://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf www.PomonaRedevelopment.com 13 Also Available – Separate Offering By Same Owner The fee simple building located at 154-160 W. Holt Avenue in Pomona, CA (“Property”) is also available for sale. Approximately 10,375 SF of 3-story retail/office situated on the main thoroughfare of Holt Avenue, nearby Downtown Pomona. The property is well-located with numerous adjacent retail amenities and nearby public transportation. Previously used as a Banquet Hall and zoned for general commercial (to be reused as office, commercial or residential), this property offers an owner/user the unique ability to occupy a building nearby the rapidly improving Downtown Pomona corridor. 154-160 W. Holt Avenue Offering Brochure Available in the Data Room at www.PomonaRedevelopment.com 3 N. Main St 4 . N. Garey Ave 1 2 154-160 W. Holt Avenue Also Available - W. Holt Ave. Separate Offering By . Same Owner 14 www.PomonaRedevelopment.com 14 (Continued) Description 154-160 W. Holt Ave. Property Address Pomona, CA 91768 Asking Price $1,750,000 Total Building Area ±10,375 SF Land Area ±7,569 SF APN 8336-022-002 Stories 2 Year Built 1929 Frontage ±63’ (W. Holt Avenue) Percentage Vacant 100% Pomona Corridors Specific Plan – Zoning Neighborhood Center Uses* Reuse for Office, Retail, or Residential Abundant Free Surface Parking Parking directly behind the Property (City owned lot) * Please contact the City Planning Department to verify all zoning and use related questions.
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