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FOR SALE REGAL SAN BERNARDINO STADIUM 14 & RPX ±33,000 SF Retail Development 14 Screen Movie Theatre Anchor Tenant 450 North E Street, San Bernardino, CA Theater Square Historic Downtown Location 252,372 Total Land SF Eight # of Parcels Theater Square - San Bernardino, CA Table of Contents SECTION I - EXECUTIVE OVERVIEW Executive Summary. .4 Property Overview .....................................................................................................5 Development Overview .................................................................................................6 Inland Empire Theatre Competition Map ....................................................................................7 SECTION II - PROPERTY DESCRIPTION Property Photos .......................................................................................................9 Site Plan ...........................................................................................................10 Proposed Site Plan And Land Use Designations ............................................................................11 Plat Map ...........................................................................................................12 Aerial View ..........................................................................................................13 SECTION III - FINANCIAL ANALYSIS Projected Income & Expense ...........................................................................................15 Movie Theater Income & Expense .......................................................................................16 Lease Abstract .......................................................................................................17 Projected Rent Roll ...................................................................................................18 SECTION IV - SALE COMPARABLES Sales Comparables ...................................................................................................20 SECTION V - AREA DESCRIPTION Area Map ...........................................................................................................22 Location Overview ....................................................................................................23 No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 2 Info: MATTHEW SULLIVAN 213.623.0800 [email protected] TOM GIOIA 949.790.312 [email protected] RANDALL DALBY 760.448.2459 [email protected] Theater Square - San Bernardino, CA N H ST SECTION I Executive Overview N G ST SECTION I W 5th S EXECUTIVE OVERVIEW T CAROUSEL SQUARE N F ST CALIFORNIA THEATRE W 4th S T T HEATER SQUARE PLAZA N E ST CAROUSEL MALL IMAGES ARE CONCEPTS ONLY FOR VISIONING PURPOSES AND HAVE NOT BEEN ADOPTED BY THE CITY COUNCIL AS EITHER REGULATIONS OR GUIDELINES No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 3 Info: MATTHEW SULLIVAN 213.623.0800 [email protected] TOM GIOIA 949.790.312 [email protected] RANDALL DALBY 760.448.2459 [email protected] Theater Square - San Bernardino, CA Executive Summary Regal San Bernardino Stadium 14 & RPX 450 North E Street San Bernardino, CA 92401 PRICING PROPERTY LIST PRICE: UNPRICED MAJOR TENANT: Regal Cinemas San Bernardino 14 & RPX PROPERTY PARCELS: 0134-121-25, 27 & 0134-131-28, 29, 30, 35, 36 & 37 APN: 0134-121-25 ± 64,033 SF YEAR COMPLETED: 1999 / 2012 APN: 0134-121-27 ± 111,122 SF BUILDING SIZE: ± 33,000 net rentable square feet APN: 0134-131-28 ± 10,454 SF LAND AREA: ± 252,372 square feet (± 5.8 acres) APN: 0134-131-29 ± 20,695 SF PARKING: ± 220 onsite parking spaces APN: 0134-131-30 TBD ± 500 spaces at Cal Trans Building ± 1,134 parking spaces at Carousel Garage APN: 0134-131-35 ± 27,366 SF ± 1,854 Total Parking Spaces APN: 0134-131-36 ± 10,556 SF ZONING: CG-2 APN: 0134-131-37 ± 8,146 SF TRAFFIC COUNTS: 135,435 ADT at W 5th Street (at I-215 Fwy) 15,284 ADT at W 4th Street (at N H Street) TOTAL LAND SF ± 188,339 SF No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 4 Info: MATTHEW SULLIVAN 213.623.0800 [email protected] TOM GIOIA 949.790.312 [email protected] RANDALL DALBY 760.448.2459 [email protected] Theater Square - San Bernardino, CA Property Overview 450 North E Street (Theater Square) is a potential ±33,000 SF retail development property. Located on the NWC 4th & E Street in Downtown San Bernardino, Theater Square is occupied by Regal Cinemas, a fourteen (14) screen movie theater. Regal Cinemas is ideally located in Downtown San Bernardino, with easy access to the regional market and a major workforce population that can walk to the site. Daytime population demographics are excellent with over 42,000 people within two-miles. Regal Cinemas and the adjoining California Theatre are the main draws to the site. Theater Square offers great street visibility and is easily accessible. Theater Square offers immediate access to the 215 Freeway (Right off 5th Street exit) within minutes of the subject property. Ample public parking is available directly adjacent to the property, along F Street and 5th Street, with short term parking directly in front of the property. Along with the ±220 on-site parking spaces, an additional three-level public parking structure is located directly across the street, offering ±1,134 parking spaces in the Carousel garage. An additional ±500 spaces may be added as demand warrants at the Cal Trans Building, bringing the total number of parking spaces to approximately ±1,854 parking spaces. The California Theatre, a 1,700 seat historic live performance venue, is ideally located directly next door. This synergistic mix, along with plans to expand on the existing subject property with additional restaurant and retail tenants, are part of the City’s plans to revitalize Downtown San Bernardino. The downtown area is home to numerous local, state and federal government offices which draw white collar employees into the surrounding area on a daily basis. Theater Square plays California Theatre - Theater Square a key role in the development of downtown San Bernardino. 546,138 155,680 $69,016 84,070 $553 M 7-Mile radius 40K+ Resident # of Average # of Households Annual Food Population Households Household Average Income Expenditures Income Above $40K Away From Home No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 5 Info: MATTHEW SULLIVAN 213.623.0800 [email protected] TOM GIOIA 949.790.312 [email protected] RANDALL DALBY 760.448.2459 [email protected] Theater Square - San Bernardino, CA Development Overview The site has been fully approved for ±33,000 square feet of restaurant and retail space. All that is necessary is staff conformance review with the City Council approved Theater Square Strategic Plan before plans can be submitted for building plan check. In order to address a market void and to catalyze development in downtown San Bernardino, the City approved plans for a ±12,000 SF of in-line theater retail space and ±21,000 SF of frontage pads for retail, restaurants and community space. The space in front of the theater will transition into a successful first stage retail and entertainment block that will serve as a meeting place, place for events, landmark, and a downtown San Bernardino success story. The new investor/developer will develop a comprehensive and well-executed development project. The property adjoining theater (Carousel Mall) is planned for comprehensive redevelopment in the coming years as the City of San Bernardino focuses on new development and infrastructure downtown. The new development at Theater Square will benefit from an estimated 700,000 annual visitors to the site to attend movies and the California Theatre. NEW ARTICULATED CORNER NEW CANOPIES MARQUEE REDEVELOPED LINE SHELL SPACE ARTICULATED CORNER WITH SIGNAGE EXISTING COMMERCIAL (NIC) OUTDOOR ROOFTOP TERRACE F STREET 5th STREET EXISTING EXISTING EXISTING HISTORICAL REGAL CINEMAS COMMERCIAL CALIFORNIA THEATRE (NIC) (NIC) REDEVELOPED INLINE SHELL MARQUEE TYP. SPACE CORNER ARTICULATION TYP. CINEMA ADS REFINISHED WITH STEPS TROWEL STUCCO CMU 4th STREET NEW STOREFRONT NEW ILLUMINATED WALL SIGNAGE OR ARTICULATED CORNER EXTERIOR SEATING EXISTING TRANSFORMER WALL SIGNAGE NEW CAFE / RESTAURANT PAD E STREET STEPPED EXTERIOR PATIO SEATING No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 6 Info: MATTHEW SULLIVAN 213.623.0800 [email protected] TOM GIOIA 949.790.312 [email protected] RANDALL DALBY 760.448.2459 [email protected] Park National Forest BLM Land N Military Land State Park 395 Oro Grande Natural Area 0 10 mi Adelanto Attraction Main Street City Victorville Apple DESERTS California Welcome Center Valley Major Airport Roy Rogers-Dale REGION Evans Museum Rest Area 18 California Mission 247 Bear Valley Rd 18 Ski Area 247 15 Lucerne Wildlife Viewing Area Valley 138 Hesperia Phelan Ski 18 Sunrise S a n B e r n a r d
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