518 N Broadway, Santa Ana, CA 92701 HISTORICAL BUILDING
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HISTORICAL BUILDING FOR SALE OR LEASE Offering Memorandum 518 N Broadway, Santa Ana, CA 92701 Property Description Historical Georgian Style Office Building located on a high profile corner adjacent to the Federal and County campus in the Civic Center area of Downtown Santa Ana. SALE PRICE $3,300,000 PRICE PER SF $772.83 OCCUPANCY 0% LEASE LEASE RATE: $13,750 per month $3.22 per sq ft LEASE TYPE: NNN BUILDING BASICS LOCATION 518 N Broadway Santa Ana, CA 92701 ASSESSOR’S PARCEL 398-252-04 ZONING SD-84 (CLICK HERE FOR ZONING INFO) YEAR RENOVATED 1980 BUILDING SIZE 4270 appx sf* LAND SF 28,602 appx sf* STORIES 2 / 2,135 appx sf PARKING SPACES 25 total *Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of 2 property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals. CONFIDENTIALITY DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Shaw Equity Inc. and Darvishian Investment Group and should not be made available to any other person or entity without the written consent of Darvishian Investment Group. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Shaw Equity Inc. and Darvishian Investment Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Shaw Equity Inc. and Darvishian Investment Group has not verified, and will not verify, any of the information contained herein, nor has Shaw Equity Inc. and Darvishian Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NON-ENDORSEMENT NOTICE Shaw Equity Inc. and Darvishian Investment Group is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Darvishian Investment Group, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Darvishian Investment Group, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. NET-LEASED DISCLAIMER Shaw Equity Inc. and Darvishian Investment Group hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Shaw Equity Inc. and Darvishian Investment Group has not and will not verify any of this information, nor has Shaw Equity Inc. and Darvishian Investment Group conducted any investigation regarding these matters. Shaw Equity Inc. and Darvishian Investment Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Shaw Equity Inc. and Darvishian Investment Group expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release Shaw Equity Inc. and Darvishian Investment Group Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. 2 PROPERTY DESCRIPTION 4 CONFIDENTIALITY 6 BUILDING FEATURES 7 FLOOR PLANS 8 WALK-IN-TOUR 18 PROPOSED FINANCING 20 AREA OVERVIEW 26 CONTACT INFORMATION Building Features • Historical Georgian Style Office Building Downtown Civic Center Area • Renovated in 1980 • Former Bank Branch with Drive-Thru ATM • High profile corner location Adjacent to Federal and County Campus • Located in the City, County and Federal Legal and Business Hub • On the approved OC StreetCar Route www.octa.net • 25 Exclusive Parking Spaces • Lush Front Lawn Landscaped 6 Floor Plan BROADWAY AVE SANTA ANA BLVD SANTA SECOND FLOOR PLAN PARKING LOT FIRST FLOOR PLAN 7 TAKE A VIRTUAL TOUR For a 3D interactive tour of the second floor executive suites CLICK THE 3D VIRTUAL TOUR to the left or go to our website at darvishiangroup.com Need more detail of the Executive Suites? Log onto the our website for a 3D interactive tour of the second floor suites on your smartphone, tablet or laptop. Walk from room to room, look up and down, and spin the entire room 360 degrees, all without leaving your seat 24/7. 8 First Floor Lobby 9 10 1st Floor SPACIOUS | LOTS OF NATURAL SUNLIGHT 11 First Floor 12 13 2ND FLOOR OFFICE, CONFERENCE ROOM AND KITCHEN 14 15 Second Floor Balcony 17 Proposed Financing PRICING SUMMARY PRO-FORMA LIST PRICE $3,300,000 NET OPERATING INCOME $ 165,000 CAP RATE 5.00% BUILDING SIZE 4,270 LOT SIZE 28,602 PRICE PER SQUARE FOOT (BUILDING) $ 773 PRICE PER SQUARE (LOT) $ 115 PROPOSED FINANCING DOWN PAYMENT 35% $ 1,155,000 LOAN BALANCE $ 2,145,000 INTEREST RATE 4.75% TERM (YEARS) 30 LOAN DUE (YEARS) 5 MORTGAGE (ANNUAL) $ 135,584 MORTGAGE (MONTHLY) $ 11,299 CASH ON CASH RETURN 2.5% $ 29,416 DEBT COVERAGE RATIO $ 1.22 [1] BUILDING AND LOT SIZES HAVE NOT BEEN VERIFIED BY AGENT OR SELLER. BUYER TO CONDUCT ITS OWN INVESTIGATIONS [2] PROPOSED FINANCING MAY BE SUBSTANTIALLY DIFFERENT OR UNAVAILABLE TO BUYER. 18 19 HIGH IMAGE OFFICE ASSET IDEAL FOR CORPORATE HEADQUARTERS N ROSS ST • Owner-user can possibly occupy up to 100% of the space in a high ST N PARTON image, two story office property with built-in ready modern office tenant improvements. • Centrally located on the edge of Santa Ana and Tustin - situated on the South West signalized corner of McFadden Avenue and Ritchey Street. Triangular shaped lot presents an impressive street visibility and appeal. N BROADWAY ST N SYCAMORE MAIN ST • The location of the office is conveniently less than half a mile West of the 55 Freeway- McFadden is a major exit on the NorthUS Internal and Southbound Revenue Service 55 Freeway. The 5-freeway interchange is less than a mile from the site. W CIVIC CENTER DR N FLOWER ST N FLOWER • Multiple office suites allow for tenants to occupy an array of Santa