3.74 AC INDUSTRIAL LAND, AZUSA 505 W FOOTHILL BLVD, AZUSA, CA ±0.4 MILES from AZUSA METRO STATION Capital Markets | Investment Properties N Mckeever Ave
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:: INFORMATION PACKAGE FOR SALE | ±3.74 AC INDUSTRIAL LAND, AZUSA 505 W FOOTHILL BLVD, AZUSA, CA ±0.4 MILES FROM AZUSA METRO STATION Capital Markets | N McKeever Ave Investment Properties 505 W FOOTHILL BLVD. N Orange Ave Historic Rte 66 W Foothill Blvd Presented by: :: Ron Mgrublian :: Edward Matevosian Lic. 01902882 Lic. 01358783 +1 562 968 1171 + 1 818 502 6744 [email protected] [email protected] 505 W FOOTHILL BLVD, AZUSA, CA | Affiliated Business Disclosure and Confidentiality Agreement CBRE, Inc. operates within a global family of companies Property (the “Owner”), to be all-inclusive or to contain with any entity at any time with or without notice which with many subsidiaries and/or related entities (each an all or part of the information which prospective investors may arise as a result of review of this Memorandum. The “Affiliate”) engaging in a broad range of commercial real may require to evaluate a purchase of real property. Owner shall have no legal commitment or obligation to any estate businesses including, but not limited to, brokerage All financial projections and information are provided entity reviewing this Memorandum or making an offer to services, property and facilities management, valuation, for general reference purposes only and are based on purchase the Property unless and until written agreement(s) investment fund management and development. At times assumptions relating to the general economy, market for the purchase of the Property have been fully executed, different Affiliates may represent various clients with conditions, competition and other factors beyond the control delivered and approved by the Owner and any conditions competing interests in the same transaction. For example, of the Owner and CBRE, Inc. Therefore, all projections, to the Owner’s obligations therein have been satisfied or this Memorandum may be received by our Affiliates, assumptions and other information provided and made waived. including CBRE Investors, Inc. or Trammell Crow Company. herein are subject to material variation. All references to Those, or other, Affiliates may express an interest in the acreages, square footages, and other measurements are By receipt of this Memorandum, you agree that this property described in this Memorandum (the “Property”) approximations. Additional information and an opportunity Memorandum and its contents are of a confidential nature, may submit an offer to purchase the Property and may to inspect the Property will be made available to interested that you will hold and treat it in the strictest confidence be the successful bidder for the Property. You hereby and qualified prospective purchasers. In this Memorandum, and that you will not disclose this Memorandum or any acknowledge that possibility and agree that neither CBRE, certain documents, including leases and other materials, of its contents to any other entity without the prior written Inc. nor any involved Affiliate will have any obligation to are described in summary form. These summaries do not authorization of the Owner or CBRE, Inc. You also agree disclose to you the involvement of any Affiliate in the sale or purport to be complete nor necessarily accurate descriptions that you will not use this Memorandum or any of its contents purchase of the Property. In all instances, however, CBRE, of the full agreements referenced. Interested parties are in any manner detrimental to the interest of the Owner or Inc. will act in the best interest of the client(s) it represents expected to review all such summaries and other documents CBRE, Inc. in the transaction described in this Memorandum and will of whatever nature independently and not rely on the If after reviewing this Memorandum, you have no further not act in concert with or otherwise conduct its business in contents of this Memorandum in any manner. interest in purchasing the Property, kindly return this a way that benefits any Affiliate to the detriment of any Memorandum to CBRE, Inc. other offeror or prospective offeror, but rather will conduct Neither the Owner or CBRE, Inc, nor any of their respective its business in a manner consistent with the law and any directors, officers, Affiliates or representatives make any fiduciary duties owed to the client(s) it represents in the representation or warranty, expressed or implied, as to the transaction described in this Memorandum. accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise This is a confidential Memorandum intended solely for your by reason of your receipt of this Memorandum or use of its limited use and benefit in determining whether you desire contents; and you are to rely solely on your investigations to express further interest in the acquisition of the Property. and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserved the right, at its sole discretion, This Memorandum contains selected information pertaining to reject any or all expressions of interest or offers to to the Property and does not purport to be a representation purchase the Property, and/or to terminate discussions of the state of affairs of the Property or the owner of the © 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. 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. 505 W FOOTHILL BLVD. OFFERING SUMMARY OFFERING SUMMARY CBRE is pleased to present for sale 505 W Foothill Boulevard in Azusa. Address/APN Land Sq. Ft. Building Sq. Ft. Year Built This property is ±3.74 AC and is zoned as “West End Light Industrial”. 505 W Foothill Blvd ±3.74 AC ±41,370 1947 APN 8605-003-059 Property Address: 505 W Foothill Blvd, Azusa, CA 91702 Assessor Parcel Numbers: 8605-003-059 Per Realquest Title Reports Offering Price: $7,000,000 Current Property Use: Industrial Land Area: ±3.74 AC Ownership: Fee Simple Zoning: West End Light Industrial 3 PROPERTY HIGHLIGHTS 505 W Foothill Boulevard • Affluent trade area • Rare opportunity to own a site adjacent to the Metro tracks and about ±0.4 miles from the Azusa Metro Station • Parcel size: ±3.74 AC • Zoning: West End Light Industrial • Busy traffic corridor • Flat, developable land parcel • Parcel near many traffic generators: excellent ingress and egress from both streets 4 PARCEL MAP 5 SITE PLAN Long Term Storage 50 Ft. 150 Ft. 206 Ft. Storage Rocks 405 Ft. OPEN METAL WAREHOUSE WELDSHOP #4 20,250 Sq. Ft. 220 Ft. 512 Ft. 85 Ft. Tool Repair Parking Lot 148 Ft. 6,500 Sq. Ft. METAL SHOP METAL Feul BLOCK WAREHOUSE #3 WAREHOUSE Tank 2,340 Sq. Ft. 13 Ft. BUILDING #5 Tooling Storage Concrete 125 Ft. Light Blocks METAL SHED Poles Conex 37 Ft. 350 Ft. Truck 47 Ft. Trailer Parking 548 Ft. Office WAREHOUSE Storage 40 Ft. 165 Ft. 47 Ft. 100 Ft. 210 Ft. 363 Ft. Conex OFFICES #2 14,500 Sq. Ft. Additional Parking Storage METAL WAREHOUSE METAL 92 Ft. 147 Ft. Conex Storage Equipment Swing Gate Parking Parking Lot Parking RollingGate 6 ADJACENT TO METRO GOLD LINE 505 W Foothill Boulevard 7 AERIAL MAP 505 W FOOTHILL BLVD. 8 AERIAL 505 W Foothill Boulevard AZUSA METRO STATION 210 9 LOCAL MAP 505 W Foothill Boulevard 210 10 REGIONAL MAP 505 W Foothill Boulevard 11 ZONING 505 W Foothill Boulevard 12 AZUSA OVERVIEW The Business Friendly City A new Azusa is emerging. The City is revitalizing the community by offering new choices for living, working and exploring. The City understands that providing the highest quality of life is a means of achieving positive economic development benefits. An ombudsman also provides one-on-one assistance to businesses. Nestled at the foot of the San Gabriel Mountains National Monument and with access to a reliable source of water, affordable electric rates and a sustainable infrastructure featuring two light rail Foothill Gold Line Stations, Azusa is prepared to be the ideal destination for residents, businesses and explorers. MAJOR EMPLOYERS azusa block 36: a new mixed-use development azusa block 36 concept plan | design by wha 13 AZUSA OVERVIEW THE METRO GOLD LINE The city of Azusa is home to two Gold Line stations as part of the Foothill Gold The Azusa Downtown station is located east of Azusa Avenue, and consists of Line from Pasadena to Azusa, completed on time and on budget on September side platforms with the track in the middle. As part of the project, Alameda Avenue 23, 2015 and turned over to Metro. Downtown Azusa is one of the two stations was permanently closed to accommodate the new platforms. The next Gold Line in Azusa, located in the heart of the city’s downtown. The second Gold Line construction phase will continue the line for 12 miles east from Downtown Azusa station is located on the eastern border of the city near Azusa Pacific University is one of the two stations in Azusa, located in the heart of the city’s downtown. and Citrus College (APU/Citrus College Station). Passenger service began on The second Gold Line station is located Azusa to Montclair and eventually the March 5, 2016. plan is to extend it to Ontario Airport (all construction subject to funding).