FOR SALE Owner-User Office/Medical Opportunity in Agoura Hills 5016 Chesebro Road Disclaimer Agoura Hills, CA
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ALESCO AGOURA CORPORATE CENTER 5014 CHESEBRO ROAD Agoura Hills, CA FOR SALE Owner-User Office/Medical Opportunity in Agoura Hills 5016 Chesebro Road Disclaimer Agoura Hills, CA No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. Logos are for identification purposes only and may be trademarks of their respective companies. NAI Capital, Inc. CA BRE Lic. #01990696. Exclusively Offered By: JEREMY S. BARBAKOW Senior Vice President 818 905 2400 x5976 • [email protected] 818 645 5459 cell CA BRE Lic. #01242606 Executive Summary NAI Capital, as exclusive advisor to the owner, is business (no gross receipts business tax), cleaner Investment Summary pleased to present an ideal opportunity for an air, safe suburban neighborhoods, top-flight primary owner/occupant to acquire the leased fee interest in and secondary public schools, and access to a 5014 Chesebro Road, Agoura Hills, California. This highly-educated labor pool from five nearby major Price $1,800,000 office building is centrally located in the upscale universities. Agoura Hills community north of Los Angeles in an Address 5014 Chesebro Rd., Agoura Hills area known as the Conejo Valley. The building is 5014 Chesebro Road is a condominium project 2-stories, containing 4,852 SF square feet. consisting of 8 separate buildings totaling +/- 70,283 SF Freestanding Office Condo Property Type and construction was completed in December of 2007. (Medical use Possible) The Property is located within a block of on/off ramps to U.S. Highway 101 (Ventura Freeway). Own vs. Rent Benefits Include: Building Size Approx. 4,852 SF With its hillside setting, the Property provides • Accumulation of Equity spectacular views of the Santa Monica mountain APN 2061-036-010 range and the Conejo Valley. Free surface visitor • Potential Appreciation in Value parking in common and 4/1,000 ratio covered • Principal Reduction of Loan 18 Spaces in Total reserved underground parking. Parking 8 Underground - Reserved • Flexibility for Growth 10 in Common - Visitor The City of Agoura Hills, situated in the heart of the • Rental Income from other Tenants Conejo Valley, has experienced sustained growth Year Built 2008 over the past two decades with companies migrating • Pride of Ownership No of Stories 2 from the greater Los Angeles area in search of • Potential Depreciation Write Off a better quality of life, lower costs of conducting Zoning BP-OR-F OWNER-USER OPPORTUNITY IN AGOURA HILLS 3 Area Demographics 5016 Chesebro Road Agoura Hills, CA 1 Mile 3 Mile 5 Mile Population Estimated Population (2017) 4,621 33,765 68,374 Projected Population (2022) 4,775 34,688 70,071 Census Population (2010) 4,392 32,626 66,191 Census Population (2000) 3,665 32,683 64,767 Household Income Estimated Avg. Household Income (2017) $111,976 $148,100 $167,582 Projected Avg. Household Income (2022) $136,726 $186,140 $210,966 Census Avg. Household Income (2010) $121,034 $138,323 $151,323 Census Avg. Household Income (2000) $93,409 $114,794 $124,006 Race and Ethnicity Total Population (2017) 4,621 33,765 68,374 White (2017) 3,602 27,183 55,477 Black or African American (2017) 136 769 1,483 American Indian or Alaska Native (2017) 19 95 169 Asian (2017) 424 3,283 6,806 Hawaiian or Pacific Islander (2017) 9 30 57 Other Race (2017) 192 973 1,595 Two or More Races (2017) 239 1,432 2,787 Daytime Demographics (2017) Total Businesses 592 2,157 4,969 Total Employees 4,738 23,491 58,428 Company Headquarter Businesses 3 32 72 Company Headquarter Employees 129 3,001 9,394 Employee Population per Business 8.0 to 1 10.9 to 1 11.8 to 1 Residential Population per Business 7.8 to 1 15.7 to 1 13.8 to 1 Adj. Daytime Demographics Age 16 Years+ 6,048 32,982 79,606 OWNER-USER OPPORTUNITY IN AGOURA HILLS 4 Bird's Eye View 5016 Chesebro Road Agoura Hills, CA SITE 101 Chesebro Road Agoura Road OWNER-USER OPPORTUNITY IN AGOURA HILLS 6 Aerial 5016 Chesebro Road Agoura Hills, CA Chesebro Rd SITE Agoura Rd Palo Cornado Cyn Rd 101 OWNER-USER OPPORTUNITY IN AGOURA HILLS 7 Retail Aerial 5016 Chesebro Road Agoura Hills, CA Kanan Rd Driver Ave Canwood St SITE 101 Agoura Road Chesebro OWNER-USER OPPORTUNITY IN AGOURA HILLS 8 Aerial 5016 Chesebro Road Agoura Hills, CA 101 Canwood St SITE Agoura Road Chesebro OWNER-USER OPPORTUNITY IN AGOURA HILLS 9 Site Plan 5016 Chesebro Road Agoura Hills, CA ALESCO AGOURA CORPORATE CENTER* 5014 Chesebro Road Building Area 1st Floor (SF) 2nd Floor (SF) Total (SF) Building 1 7,157 5,848 13,005 Building 2 4,656 4,339 8,995 Building 3 3,231 1,268 5,499 4 Building 4 2,608 2,244 4,852 Building 5 3,734 3,444 7,178 Building 6* 3,509 3,332 6,841 Chesebro Road Building 7 4,137 3,776 7,913 Agoura Road Building 8 7,935 8,165 16,000 TOTAL 36,967 33,416 70,283 SITE PLAN (not to scale) * Sizes are approximate. 4,852 SF per Title, to be verified. OWNER-USER OPPORTUNITY IN AGOURA HILLS 10 Floor Plans 5016 Chesebro Road Agoura Hills, CA ALESCO AGOURA CORPORATE CENTER ALESCO AGOURA CORPORATE CENTER Building 4 | Ground Floor Building 4 | Second Floor OWNER-USER OPPORTUNITY IN AGOURA HILLS 10 Assessor's Parcel Map 5016 Chesebro Road Agoura Hills, CA OWNER-USER OPPORTUNITY IN AGOURA HILLS 11 Agoura Hills and The Conejo Valley 5016 Chesebro Road Agoura Hills, CA Agoura Hills is a city in the Los Angeles County portion of the Conejo Valley. The city is considered a suburb of Los Angeles and a border town between Los Angeles County and Ventura County. The city is located next to the cities of Calabasas, Westlake Village, and Thousand Oaks, as well as the unincorporated communities of Agoura and Oak Park. The master-planned communities of Agoura Hills, Thousand Oaks, and Westlake Village are home to numerous large corporations, and home to hundreds of successful start-ups and local businesses, which provide the Conejo Valley with nearly well-paying 70,000 jobs. Agoura Hills is served by the U.S. Route 101, which connects Agoura Hills to the neighboring San Fernando Valley, Thousand Oaks, Westlake Village, and onwards to Ventura County. Additionally, Agoura Hills is expected to benefit from Measure R, the 2008 Los Angeles County infrastructure initiative. The city received $40.6 million to invest in infrastructure improvements that will help facilitate future growth of their community. Agoura Hills benefits from its strategic location near the San Fernando and Simi Valleys, which helps the city gain access to a denser labor pool and gives a convenient and affordable location for tenants looking to relocate. OWNER-USER OPPORTUNITY IN AGOURA HILLS 12 Agoura Hills and The Conejo Valley 5016 Chesebro Road Agoura Hills, CA AGOURA HILLS has been known to be an affluent community, and was rated by the FBI as being the 42nd safest Top Employers city in California. In 2016, the city of Agoura Hills was estimated to have a population of 20,745 residents, with a # of Rank Employer Sector median household Income estimated to be $113,658 in 2015, while the median home value was 40% higher than Employees Los Angeles County at $714,000. 1 Las Virgenes USD 507 4.57% As part of the Conejo Valley, Agoura Hills has a robust local economy that is home to several major companies and enjoys access to a highly educated labor pool. The Bureau of Labor and Statistics reported that Agoura Hills had 2 Bank of America 409 3.68% an unemployment rate of 3.4% in April 2017, compared to 4.2% for Los Angeles County. Agoura Hills currently has a job growth rate of 1.37%, and see a job growth of 38.44% over the next ten years. The Conejo Valley is home 3 Teradyne, Inc. 253 2.28% to several major medical and biotech corporations, including Amgen, BaxAlta, Anthem, Inc., and Teradyne, Inc., making the Conejo Valley into one of the largest biotech hubs in the country. 4 Touch Commerce 250 2.25% 5 IBM Corporation 206 1.86% 6 Zebra Technologies 140 1.26% Farmers Financial 7 126 1.14% Solutions 8 Wood Ranch 123 1.11% Source: ESRI, US Census Bureau; *Projection Source: US Census Bureau; *Projection 9 Cydcor LLC 121 1.09% Ventura Los Angeles Sheraton Agoura Variable: Westlake Village Thousand Oaks Agoura Hills 10 111 1.00% County County Hills 2017 Average Household Income $173,208 $144,449 $169,739 $110,858 $90,439 Source: Agoura Hills CAFR, 2015-2016 2017 Average Home Value $919,506 $743,221 $843,473 $612,139 $606,023 Residents 25+ w Bachelor’s 64.8% 50.4% 54.2% 33.0% 31.5% Degree or Higher OWNER-USER OPPORTUNITY IN AGOURA HILLS 13 ALESCO AGOURA CORPORATE CENTER 5014 CHESEBRO ROAD Agoura Hills, CA Exclusively Offered By: JEREMY S. BARBAKOW Senior Vice President 818 905 2400 x5976 • [email protected] 818 645 5459 cell CA BRE Lic.