145 West Duarte Avenue High-Profile Re-Development Opportunity FOR
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FOR SALE TRANSIT ORIENTED DEVELOPMENT S Myrtle Ave HIGH-PROFILE 210 RE-DEVELOPMENT W Pomona Ave W Evergreen Ave 145 WEST DUARTE OPPORTUNITY W Duarte Rd Gold Line Station 145 WEST DUARTE AVENUE MONROVIA, CALIFORNIA Ideal for a Retail, Office, or Mixed Use Development Ed Matevosian Vice President Lic. 01358783 T +1 818 502 6744 [email protected] FOR SALE High-Profile Re-Development or Ground Lease Opportunity 210 210 268,852 Cars Per Day (CoStar) W Evergreen Ave STATION SQUARE W Pomona Ave Gold Line Station 261 Unit Multifamily Development S Myrtle Ave Proposed 400 Space Parking Facility W Duarte Rd 145 WEST DUARTE OFFERING SUMMARY Old Town SALE PRICE: Call for Pricing Station Square LOT SIZE: ±86,592 SF (1.99 Acres) SUBJECT PARCEL NUMBER: 8507-003-044 EXISTING USES: Call Broker for details Gold Line Station LOCATION HIGHLIGHTS • Prominent station square location • Adjacent to the Gold Line platform • Highly visible signalized intersection • 1 block south of the 210 freeway SANFOR GABRIEL SALE VALLEY CALIFORNIA High-Profile Re-Development or GLaLa CañadaCañadaround Lease Opportunity FlintridgeFlintridge AltadenaAltadena SierraSierra SUBJECT MadreMadre MonroviaMonrovia BradburyBradbury PasadenaPasadenaPasadena PasadenaPasadena AzusaAzusa DuarteDuarte ArcadiaArcadia GlendoraGlendora SanSan ArcadiaArcadia GlendoraGlendora ClaremontClaremont MarinoMarino EastEast SanSan GabrielGabriel MayflowerMayflower IrwindaleIrwindaleIrwindale SouthSoutSouthh PasadenaPasadena SanSaSann VillageVillage DimasDimas La Vernerne TempleTemple Dimas LaLa VerneVerneVe TempleTemple VincentVincent SanSan CityCity City CovinaCovina GabrielGabriel BaldwinBaldwin El Monte AlhambraAlhambra ElEl MonteMMonteonte ParkPark RosemeadRosemead West Covina PomonaPomona SouthSouth MontereyMonterey MontereyMonterey ElEl MonteMonte ParkPark ValindaVValindaalinda Walnut LaLa PuentePuente MontebelloMontebello DiamondDiamond Industrydustry IndustryIndustryIn BarBar HaciendaHacienda HeightsHeights RowlandRowland LL oo ss AA nn gg ee ll ee ss HeightsHeights SS aa nn BB ee rr nn aa rr dd ii nn oo C o u n t y C o u n t y © 2012 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. 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. All Rights Reserved. Sources: CBRE Mapping Services (877) 580-4674; Nielsen, StreetPro. MapFiles\Work2012\286463.wor 12/11/2012 OPPORTUNITY HIGHLIGHTS Strategic Location Limited Supply of Large Land Sites Just South of the 210 Freeway and adjacent to A redevelopment opportunity this close to the Gold the Metro Gold Line Station, the property location Line platform is extremely rare for the San Gabriel is superior and services an extended trade area Valley and warrants special consideration and consisting of numerous high-end residential planning. communities and business districts. Strong User/Tenant Activity Metro Gold Line Expansion The build-to-suit market is a highly significant The continuing and current Gold Line extension opportunity for this high-profile San Gabriel Valley will increase the visibility and convenience of the trade area where consumer demand is strong and Property’s location significantly. growing, and available land sites in the range of 2 acres are almost non-existent. Retail tenant activity Transit Oriented Development (TOD) remains strong for this corridor. Given the rarity of the size and location of the Property, special consideration will be given to multi- family/mixed-use development opportunities FOR SALE High-Profile Re-Development or Ground Lease Opportunity PARCEL MAP FOR SALE High-Profile Re-Development or Ground Lease Opportunity PARCEL MAP FOR SALE High-Profile Re-Development or Ground Lease Opportunity MONROVIA SUBJECT FOR SALE High-Profile Re-Development or Ground Lease Opportunity Metro Rail Expansion The continuing Gold Line expansion will also increase the visibility and convenience of the Property’s location significantly. For more information on the Metro Gold Line Foothill Ex- tension, please visit: http://www.metrogoldline.org/ Monrovia SITE FOR SALE High-Profile Re-Development or Ground Lease Opportunity Monrovia SITE Property’s proximity to Gold Line Metro Rail Benefits: • Access to dozens of colleges, universities & hospitals • Link to diverse communities with millions of residents • Gateway to jobs, arts & culture, international travel and more • Engine for a brighter economy FOR SALE High-Profile Re-Development or Ground Lease Opportunity AREA OVERVIEW San Gabriel Valley | Geography The San Gabriel Valley is an area of about 400 square miles and is home to almost 2 million people and over 603,000 jobs. If it were a city, the San Gabriel Valley would be one of the largest metropolitan areas in the United States, according to most recent census data. Its trading ties with the Pacific Rim and Central and South America are supported by the area’s strategic location and access to transportation. The San Gabriel Valley is of close proximity to Southern California’s destination areas - one hour from the ocean, one from the mountains, and one hour from the desert. Freeways Three east-west (210, 10, 60) and three north/south (57, 605, 710) freeways serve the 400 square miles of the San Gabriel Valley. The Foothill Freeway (Interstate 210) is located at the base of the San Gabriel Mountains and links Southern California’s Inland Empire through Downtown Los Angeles into the San Fer- nando Valley. The San Bernardino Freeway’s (Interstate 10) western terminus is located in East Los Angeles and runs through the San Gabriel Valley into Southern California’s Inland Empire. At the west end of the San Bernardino Freeway, the Santa Monica Freeway (Interstate 10) continues up to Pacific Coast Highway. Interstate 10 is also one of the three coast-to-coast Interstates linking states from California to Florida. The Pomona Freeway (State Route 60)is located at the southern end of the San Gabriel Valley, the Pomona Freeway runs from East Los Angeles to Southern California’s Inland Empire. Route 60 is also a major trans- portation corridor for container trucks traveling from the ports of Los Angeles and Long Beach to shipping yards in the San Gabriel Valley, Inland Empire and other areas within the United States. The Long Beach Freeway (Interstate 710) is within a few hundred feet of the Los Angeles River, which it runs along, from Alhambra to Long Beach. The San Gabriel River Freeway (Interstate 605)runs parallel to the San Gabriel River, from the base of the San Gabriel Mountains in Duarte to Seal Beach. The Orange Freeway (State Route 57) runs from the base of the San Gabriel Mountains in Glendora into Or- ange County. The Chino Valley Freeway (State Route 71)runs from Pomona to Corona in Riverside County. Freight Rail Three major freight lines cross the San Gabriel Valley, providing direct linkage from the ports of Los Angeles and Long Beach — the two largest container terminals in the nation. A multi-billion-dollar grade-sepa- ration rail project known as the Alameda Corridor will expedite the flow of goods by truck and train be- tween these harbors and the container yards on the western edge of the Valley. The region also offers two Metrolink commuter trains that traverse the region from east to west. FOR SALE High-Profile Re-Development or Ground Lease Opportunity AREA OVERVIEW Business Climate Within the San Gabriel Valley’s 400 square miles, 31 cities and 5 unincorporated communities, the right environment for business can be found--as well as the resources to help business move in, get started and grow. In addition to the 69,021 small and medium-sized business establishments that form the basis of the Valley’s business community, numerous Fortune 500 companies have major offices or plants in the San Gabriel Valley: Miller Brewing Company, Edison International, Avery Dennison and many others. Strong corporations headquartered in the San Gabriel Valley include Southern California Edison, Kaiser Perma- nente, Jet Propulsion Laboratory, Cathay Bank, Majestic Realty Co., Ready Pac Produce, East West Bank, Trader Joe’s and Huy Fong Foods. International Business The wholesale sector is one of the San Gabriel Valley’s biggest industry categories, representing 24 percent of Valley businesses in 2010. A San Gabriel Valley Foreign Trade Zone has been established to make it easier and more cost effective for local businesses to participate in international trade. International Trade in the San Gabriel Valley Located at the very heart of Southern California - the focal point of the country’s international trade activity - the San Gabriel Valley is at the heart of the region’s dynamic transportation infrastructure giving its inter- national traders access to the world through an integrated network of ocean, rail and highway connections to points across the globe. The nearby ports of Los Angeles and Long Beach are the nation’s two busiest container ports and connect with the Valley via the Alameda Corridor, which expe-