408 - 490 S Anaheim Hills Road Anaheim, CA 92807
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OFFERING MEMORANDUM 408 - 490 S Anaheim Hills Road Anaheim, CA 92807 Erik Sjolund • (310) 663-8164 • 439 N Canon Drive, Penthouse, Beverly Hills, CA 90210 • (310) 420-0077 • Reyn Hornwood BRE: 01948362 www.BeachandUrban.com BRE: 01955792 Table of Contents Exclusively Presented By SECTION NUMBER Erik Sjolund BEACH&URBAN Offering Overview 1 Investment Real Estate BRE 02023478 Property Photo’s 2 Cell: (310) 663-8164 [email protected] Submarket Info 3 Reyn Hornwood Beach & Urban 4 BEACH&URBAN Investment Real Estate BRE 01955792 Cell: (310) 420-0077 [email protected] 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Offering Overview - 1 BEACH&URBAN Property Information Value-Add Shopping Center Opportunity – Anaheim Hills Beach & Urban Commercial is proud to present the offer to acquire The Anaheim Hills Plaza, well located in the Anaheim Hills Neighborhood of Anaheim, CA. This neighborhood shopping center is anchored by a 24,000 +/- SQFT CVS Drugstore, and includes notable tenants like Papa Johns Pizza and Subway Sandwich Shop. Major improvements were made in recent years to the 11,000 +/- SQFT Market unit which was previously Fresh ‘n Easy now tenanted by Harvest Fresh Market. Anaheim Hills Plaza consists of 7 parcels with total of approximately 10.5 acres with possibility of building expansion. Please check with City of Anaheim for possible new building expansion of approx. 3,250 square foot QSR. Landlord pays property tax of 6 parcels, not including the parcel of CVS Pharmacy. Call today for more information, This opportunity will not Last! Property Highlights • Anaheim Hills Location • Possibility to Develop QSR Pad on Parcels • Major Renovations recently to Grocer/Market Unit • Anchored by a 24,000+ Sqft CVS Drugstore • Close Vicinity to "The Hills" Golf Club: www.AnaheimHillsgc.com ADDITIONAL PROPERTY INFORMATION PRICE: Unpriced Rentable SQFT: 71,115 Total Lot Size: 10.5 +-AC. | 457,380 SQFT Monthly Income: $126,327 Year Built: 1974 - 1979 Occupancy 100% 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Rent Roll & Expenses Expense: Monthly Amount: Billing Cycle: Building Maitenance $ 3,252.00 Monthly Landscaping $ 810.00 Monthly Utilities $ 3,444.00 Monthly Insurance $ 2,140.25 Bi-Yearly Pest Control (Orkin) $ 231.66 Yearly 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s - 2 BEACH&URBAN Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Property Photo’s 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Submarket Info - 3 BEACH&URBAN Market Overview Anaheim Hills- Suburbs of Anaheim Anaheim Hills is a planned community encompassing the eastern portions of the city of Anaheim, in Orange County, California. Anaheim Hills is located just south of Yorba Linda, opposite the 91 freeway at Imperial Highway. The western border is the 55 freeway opposite the city of Orange. The entirety of Anaheim Hills is within the city limits of Anaheim, California. Prior to the development, a few scattered low density neighborhoods existed in the area including Peralta Hills and Mohler Loop (tracts which still exist today) that were developed primarily in the 1940s and 1950s. The remaining portions of Anaheim Hills were primarily developed in the 1970s after rancher and land owner Louis Nohl sold his massive parcel in the foothills east of Anaheim. The area was taken over by Texaco Industries in 1970 when the company announced plans to develop an expansive and upscale master planned community of 7,000 homes, estates, and townhomes. The original master plan included a proposal for three new lakes with high density condominiums clustered around these water features. The initial master plan proved to be unsustainable due to the topography and geology of the area. Construction of the community began in 1971 and was branded as a rural enclave and alternative to the more dense subdivisions emerging in the Orange County basin with homes on large lots, hiking trails, a golf course, and low densities. Anaheim Hills is the first residential development to utilize "Landform Grading." The community grew quickly and by 1974 the Orange Unified School District had constructed a high school to serve the growing community. In 1990, the city of Anaheim approved several large developments surrounding Weir Canyon Road (East Hills and The Highlands) expanding the community toward the 241 toll road. In 2007, the Irvine Company received approval for additional 2,500 homes just east of the 241 toll road on a parcel of land it has owned for over fifty years. However, in 2014 The Irvine Company donated the land for these additional 2,500 homes to the County of Orange to be preserved as open space. 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Map of Surroundings 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Map of Surroundings 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 Beach & Urban - 4 BEACH&URBAN About Us ERIK SJOLUND CO-FOUNDER/PRESIDENT Erik Sjolund is a Co-Founder of Beach & Urban Commercial. Prior to the inception of Beach & Urban, Mr. Sjolund was a Senior Associate & Top Producer at Lyon Stahl Investment Real Estate in Manhattan Beach. Since entering the brokerage side of real estate in 2012, Mr. Sjolund has been involved in more than 100 commercial and multi-family transactions. His professional experience includes an intimate knowledge of investment property sales & asset valuation. Erik has helped many of his clients complete both sides of their 1031 exchange, and he specializes in helping clients cash out of, or trade assets for better cash flow. Specifically multi-family/apartment/residential income properties, and residential & commercial re-development opportunities. Erik demonstrates a paramount responsibility to current client relationships and continues to contribute to new business generated in Los Angeles, Riverside, Orange & San Diego and surrounding Southern California Counties. Prior to joining Lyon Stahl, Mr. Sjolund was employed at Z57, a real estate marketing firm focused on integrating online marketing into other more traditional marketing avenues. While at Z57 he refined his digital and creative skills while working on unique client based marketing campaigns. Erik has brought extensive digital marketing & design experience that has been invaluable to marketing assets on behalf of his clientele. Born in Torrance, Erik currently resides in Beverly Hills. 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 About Us Reyn Hornwood CO-FOUNDER/PRESIDENT Reyn Hornwood is a Co-Founder of Beach & Urban Commercial. He specializes in multifamily investment sales in Southern California. A Southern California native, Mr. Hornwood combines his sub-market knowledge with economic trends. He prides himself on having a strong commitment to service and unmatched client advisory. Prior to Starting Beach & Urban Commercial, Mr. Hornwood was a consistent top producer at Lyon Stahl in Manhattan Beach. He was promoted to Senior Associate in just under 2 years. Prior to Brokerage, Reyn worked for a Los Angeles County based Developer, Harvard Investment Group, specializing in site acquisition, development and redevelopment of value add portfolios. Reyn's background and extensive multi-family experience are particularly helpful to his clients seeking "value added" or repositioning opportunities or when selling complex multi-family projects. Since 2010, Reyn has been successfully advising his clients on the acquisition, disposition and Section 1031 tax-deferred exchanges of commercial properties. He's demonstrated unrivaled knowledge of the market as well as an unsurpassed commitment to maximizing the value of our portfolio. Reyn studied International Development Studies and History at the University California, Los Angeles (UCLA). He currently resides in the South Bay with his wife Nancy and sons Hudson and Luke. When not helping his clients with their investment real estate goals and objectives, Reyn works with Hope Worldwide and sits on the board for Hope for the Hurting. He also is an active contributor to Children's Ministry, acting as the current Co-Director, where kids learn elementary truths about the Bible. He and his wife also coach financial workshops in conjunction with Financial Peace University, helping individuals and couples create a plan for their money and futures. 408 - 490 S Anaheim Hills Road, Anaheim, CA 92807 About Us Beach & Urban Commercial is a leading commercial real estate team based in Beverly Hills, California. Founded by partners Erik Sjolund & Reyn Hornwood. Although the B&U team works on commercial properties of all type (Mixed- Use, Industrial, NNN), our team's main expertise is the acquisition, disposition and 1031 exchange of income properties throughout Southern California's Coastal and Metropolitan hubs. The Beach & Urban Team's culture has been core to its success. Founders, Mr. Sjolund & Mr. Hornwood were both born and raised in Southern California. With their "Get it done the right way, but as fast as possible" and "Go Win!" attitudes, they have been trusted by hundreds of private client investors to value, sell and exchange investment properties throughout the region.