18333 Dolan Way Santa Clarita, Ca 91387
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OFFERING MEMORANDUM | LISTING PRICE: $3,700,000 18333 DOLAN WAY SANTA CLARITA, CA 91387 STABILIZED INVESTMENT OPPORTUNITY +5.5% CURRENT CAP RATE This Memorandum (“Offering Memorandum”) has been prepared by Hudson Commercial Partners, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice. This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Hudson Commercial Partners, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property. This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum. This Memorandum is being delivered by Hudson Commercial Partners Inc. to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers. Hudson Commercial Partners, Inc. reserves the right to request the return of any or all of the information enclosed. TABLE OF CONTENTS SECTION ONE 03 EXECUTIVE OVERVIEW SECTION TWO 13 PROPERTY INFORMATION SECTION THREE 19 LOCATION OVERVIEW © 2019 Hudson Commercial Partners, Inc. The information contained in this document has been obtained from sources believed reliable. While Hudson Commercial Partners, Inc. does not doubt its accuracy, Hudson Commercial Partners, 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. Hudson Commercial Partners, Inc. logo are service marks of Hudson Commercial Partners, 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. Click here to get the map in PDF Click here to get the map in TIF PLAT MAP 18289-18323 SIERRA HWY, SANTA CLARITA, SANTA CA SIERRA HWY, 91387 18289-18323 SUBJECT PROPERTY Click here to get the map in PDF Click here to get the map in TIF SIERRA HWY HWY SIERRA SIERRA 18289-18323 SIERRA HWY, SANTA CLARITA, SANTA CA SIERRA HWY, 91387 18289-18323 SUBJECT PROPERTY DOLAN WAY EXECUTIVE OVERVIEW EXECUTIVE SECTION 1 1 SECTION | PROPERTY OVERVIEW Hudson Partners is pleased to present 18289-18323 Sierra Hwy. Situated on the corner of Sierra Highway and Dolan Way, this property boasts 16,684 SF (15,342 assessor SF) on a parcel totaling 35,284 SF. The property is located just around the corner from the newly constructed Canyon Country Community Center. HIGHLIGHTS • 20 Suites • Ample Gated Parking (65 Spaces) • Easy Access to 14 Freeway • 1988 Construction • Well-maintained w/MTM Tenancy 5 — 18333 DOLAN WAY | SANTA CLARITA, CA 91387 PROPERTY DESCRIPTION SITE DESCRIPTION PHYSICAL DESCRIPTION DESCRIPTION SPECIFICATION DESCRIPTION SPECIFICATION RENTABLE SF 16,684 SF CONSTRUCTION TYPE Wood-frame Stucco ASSESSOR SF 15,342 SF ROOF Rolled Composition PARCEL AREA 35,284 SF FOUNDATION Concrete Slab PARCEL NUMBER 2844-030-005 FIRE PROTECTION Extinguisher BUILDING TYPE Two-Story Free Standing Office/Retail HVAC Package Units NUMBER OF STORIES 2 Stories ZONING C3-RPDSO METERS Individually Metered PARKING 65 Spaces CEILING HEIGHT 11.5 ft YEAR BUILT 1988 ELEVATOR None TENANCY Multi (20 Suites) SIGNAGE Eyebrow Signage LOT DIMENSIONS 151' x 251' x 201' x 153' PARKING RATIO 3.58/1,000 SF STREET FRONTAGE 115' on Sierra Hwy CROSS STREET Dolan Way / Sierra Hwy HIGHWAY ACCESS 14 Freeway 18333 DOLAN WAY| SANTA CLARITA, CA 91387 — 6 RENT ROLL - CURRENT UNIT UNIT % OF LEASE OTHER TENANT TENANT SUITE # UNIT SF TYPE RENT PSF GLA EXPIRATION EXP. FIRST FLOOR: Assured Logistics 101-102 1,575 Office $2,600.00 $1.65 9% 6/30/23 Gas + Electrical Zabi Kator 103 787 Office $2,678.00 $3.40 5% MTM Gas + Electrical Justin Belyeu 104 787 Office $2,758.00 $3.50 5% 8/31/23 Gas + Electrical Jesse Biggs 105 540 Retail $1,350.00 $2.50 3% 3/31/23 Gas + Electrical A Style Above Tenant 106 640 Retail $1,145.00 $1.10 4% TBD Gas + Electrical Furnished Catering 107 1,055 Retail $0.00 $0.00 6% Vacant Gas + Electrical Goldie Crokett 108 540 Office $1,150.00 $2.13 3% 10/31/21 Gas + Electrical Bryce Barnette 109 1,000 Office $950.00 0.95 6% 4/30/22 Gas + Electrical Solid Foundation Church 110-111-209 2,810 Office $2,500.00 $0.89 17% MTM Gas + Electrical SECOND FLOOR: Farmers Insurance 201 748 Office $1,000.00 $1.34 4% MTM Gas + Electrical Vacant Tenant 202 800 Office $1,145.00 $1.10 5% TBD Gas + Electrical Buttafly Jonez 203 692 Retail $1,100.00 $1.59 4% MTM Gas + Electrical Vacant Tenant 204 691 Retail $1,145.00 $1.10 4% TBD Gas + Electrical Teresa Jacobs 205 375 Office $675.00 $1.80 2% MTM Gas + Electrical Valencia Home Health 206 690 Retail $950.00 $1.38 4% 5/31/21 Gas + Electrical Lawrence Distribution 207 810 Retail $1,050.00 $1.30 5% MTM Gas + Electrical Dr. Geroge Blinkinship 208 354 Office $750.00 $2.12 2% MTM Gas + Electrical Five Star Registration 210 750 Office $1,000.00 $1.33 4% 5/31/22 Gas + Electrical Reza Khan Hospitality 211 1,255 Office $1,400.00 $1.12 7% MTM Gas + Electrical HPC PAYROLL 211 1,255 Office $1,400 $1.12 7.5% MTM Gas + Electrical Other Income (Signage) 11 Spots TOTAL 16,899 SF $26,596.00 $1.52 100% 7 — 18333 DOLAN WAY | SANTA CLARITA, CA 91387 FINANCIAL ANALYSIS FINANCIAL OVERVIEW ANNUALIZED OPERATING DATA DESCRIPTION SPECS INCOME CURRENT PSF PRO-FORMA PSF Current Gross Rent $319,152 $19.13 $474,612 $28.44 Gross Square Feet 16,684 SF Signage (Pro-Forma) $6,600 $0.40 $6,600 $0.40 Total Potential Income $325,752 $19.52 $481,212 $28.84 Assessor Square Feet 15,342 SF Vacancy (6%) ($22,802) ($1.37) $48,121 $2.88 Effective Gross Income $302,949 $18.16 $435,091 $25.96 Lot Size 35,284 SF Operating Expenses ($99,918) ($6.16) $125,617 $7.53 Net Operating Income $203,031 $12.17 $307,474 $18.43 Tenancy Multi EXPENSES PRO-FORMA PSF Year Built 1988 Taxes $46,250 $2.77 Insurance $5,370 $0.35 Zoning C3-RPDSO Utilities $17,643 $1.15 Repairs & Maintenance $7,671 $0.50 Type of Ownership Fee Simple Management Fee (6%) $19,149 $1.14 CAP Reseves $3,835 $0.25 Cap Rate 5.5% TOTAL EXPENSES $99,918 $6.16 18333 DOLAN WAY| SANTA CLARITA, CA 91387 — 8 COLLEGE OF THE CANYONS - CANYON CAMPUS CENTER | 1.5 MILES SECTION 2 | PROPERTY INFORMATION PROPERTY PHOTOS 13 — 18333 DOLAN WAY | SANTA CLARITA, CA 91387 PROPERTY PHOTOS 18333 DOLAN WAY| SANTA CLARITA, CA 91387 — 14 COSTCO | 1.6 MILES SECTION 3 | LOCATION OVERVIEW MARKET DEMOGRAPHICS 17 — 18333 DOLAN WAY | SANTA CLARITA, CA 91387 MARKET DEMOGRAPHICS 18333 DOLAN WAY| SANTA CLARITA, CA 91387 — 18 AERIAL AMENITIES COLLEGE OF THE CANYONS CANYON COUNTRY CAMPUS SIERRA HWY SUBJECT PROPERTY 14 DIAMOND PARK APARTMENTS AMENITIES DISTANCE CANYON COUNTRY COMMUNITY CENTER DIAMOND PARK APARTMENTS 0.1 mi CANYON COUNTRY COMM. CENTER 0.25 mi SOLEDAD CANYON RD COLLEGE OF THE CANYONS 1.5 mi 19 — 18333 DOLAN WAY | SANTA CLARITA, CA 91387 CANYON COUNTRY COMMUNITY CENTER The 8-Acre development of Canyon Country Community Center will continue to add value and attraction to the Canyon Country Housing/Commercial Market. By adding excellent amenities through engaging the public, the community center should become a centerpiece of community activity. Set to be completed in early 2022 Canyon Country Community Center design includes the following: • gymnasium • computer technology • arts and crafts • community and fitness rooms • open turf play area • flexible outdoor spaces for events • play area, walkways and landscaping • demonstration kitchen (to be used for teaching) .25 miles from Subject Property 18333 DOLAN WAY| SANTA CLARITA, CA 91387 — 20 DIAMOND PARK APARTMENT HOMES Located to the immediate rear of the subject property, the Diamond Park Apartment Homes complex safe and comfortable apartment living. The Complex has strong occupancy with sought after unit/community amenities.