FOR SALE | ±1.953 Gross Acres Builders Surplus Location :: 2500 S. Main Street | Santa Ana, CA Presented by: :: Dave Desper :: Nick Spatafore :: Joe Miller Senior Vice President Vice President First Vice President Lic. 01094144 Lic. 01353378 Lic. 00902422 + 1 949 725 8504 +1 949 725 8657 +1 949 725 8665 [email protected] [email protected] [email protected] OFFERING SUMMARY CBRE is pleased to present for sale 2500 S. Main Street, Santa Ana, California. This property is currently zoned, M1, Light Industrial and is located on the corner of Main &, Central. The corner location provides excellent ingress and egress and exposure to both streets. Other attributes include strong traffic counts of over 26,000 CPD and a WARNER AVENUE densely populated trade area with strong daytime employment. PROPERTY ADDRESS: 2500 Main Street 2500 S. Main Street, Santa Ana, CA ASSESSOR PARCEL NUMBERS: 410-382-05/06 & 410-391-07 OFFERING PRICE: S. S. MAIN STREET TBD PRICE PER SQUARE FOOT: TBD LAND AREA: ±85,067 Gross SF (1.953 Acres) BUILDING AREA: Two (2) buildings totaling 20,000 SF As-is Condition OWNERSHIP: Fee Simple ZONING: M1- Light Industrial 2 S. MAIN STREET S. PROPERTY HIGHLIGHTS • Dense, infill trade area • Busy traffic corridor—26,000 , average daily traffic • Rare opportunity to own property in a supply-constrained market • Flat , developable land parcel • Very usable parcel size: ±1.953 Gross Acres • Corner parcel: excellent ingress and egress from both streets • Flexible M-1 zoning – City may consider alternative uses for the site • Buildings: two buildings totalling approximately 20,000 square feet in Call broker or city planning office for more details as-is condition 3 PARCEL MAP 4 LOCAL MAP 5 AERIAL OVERVIEW WARNER AVENUE 2500 Main Street S. MAIN STREET 6 MARKET OVERVIEW The city of Santa Ana, Founded in 1869 is located in Southern California roughly 10 miles inland from the California coastline. The city is part of the Greater Los Angeles Area, the second largest metropolitan area in the United States with almost 18 million residents. It is also the heart of one of the most visited counties in the state with 42 million annual visitors to Orange County each year. Santa Ana ranks fourth nationally in population density, trailing only behind New York City, San Francisco, and Boston. Santa Ana is the second most populated city in Orange County with an estimated population of 335,911. With a projected growth of almost 4% over the next 5 years, Santa Ana is the 57th most-populous city in the United States and with forecasted continued momentum through 2020. As one of Orange County’s largest business and professional hubs, Santa Ana is the corporate headquarters of several major companies including Behr Paint, CoreLogic, First American Corporation, Greenwood & Hall, The OC Register, SchoolsFirst Federal Credit Union, Kern’s, and Wahoo’s Fish Taco. It also houses major regional headquarters for the Xerox Corporation, Ultimate Software, and T-Mobile. As the center of the Orange County region, Santa Ana has been named a thriving and growing community for businesses and residents. The city is home to Santa Ana College (SAC), which was the second community college founded in Orange County, behind Fullerton College, and the fourth oldest in the state of California. The community college has maintained a reputation for excellence and is continually ranked a state leader for the number of students who transfer each year to a four year university and as one of the top associate degree producers nationally for minority students. Santa Ana supports a booming retail environment as the home to some of the largest credit tenants in the nation and highly visited malls. The city is currently home to major attractions and amenities such as the Main Place shopping mall, the world renowned Bowers Museum, the Discovery Science Center, and the Santa Ana Zoo at Prentice Park. Santa Ana also boasts many unique shops, premier restaurants and art galleries in the Historic Downtown Santa Ana area. The city currently has over 132,000 square feet of retail space in the development pipeline along with a 240,000 square foot multifamily project and a 612,000 square foot office building. 7 MARKET OVERVIEW POPULATION GROWTH TREND HOUSEHOLD INCOME Growth 2010-2015 4.4% 35% Growth 2015-2020 4.4% 30% Household Income Trend 25% Average: 2020 Projection $85,749 20% Median: 2020 Projection $64,705 15% PRINCIPAL EMPLOYERS 10% TOP EMPLOYERS EMPLOYEE COUNT County of Orange 17,658 5% Santa Ana Unified School District 4,654 0% Santa Ana College 2,875 < $25k $25-$50k $50-$100k $100-$200k $200k+ First American Financial 1,500 City of Santa Ana 1,445 Integrated Healthcare Holdings 1,150 POPULATION BY AGE Orange County Register 779 35% Superior Court of CA 765 Corinthian Colleges Inc 663 30% 25% 20% BUSINESS OCCUPATION 15% Maintenance 10% 15% Office or Admin 25% 5% Production 22% 0% Sales Under 18 18-34 35-54 55-74 75 and Over 22% Management 16% 8 DEMOGRAPHIC SUMMARY 1 mile radius 3 mile radius 5 mile radius 2015 Population 34,797 269,262 269,262 2020 Population 36,473 281,003 281,003 Percent Population Change: 2015 to 2020 4.82% 4.36% 4.43% POPULATION 2015 Median Age 31.00 30.89 33.21 2015 Households 7,015 65,373 189,748 2020 Households 7,413 69,008 199,336 Percent Household Change: 2015 to 2020 5.67% 5.56% 5.05% HOUSEHOLDS Average Household Size 4.69 4.05 3.39 2015 Average Household Income $74,592 $71,080 $83,215 INCOME 2020 Average Household Income $78,165 $73,207 $85,749 2015 Median Home Value $359,390 $387,671 $505,651 HOUSING 2015 Average Home Value $420,481 $444,079 $560,723 White 45.05% 47.45% 49.91% African American 1.24% 1.76% 1.72% Asian 6.99% 9.15% 17.96% Native Hawaiian/Pacific Islander 0.45% 0.32% 0.33% American Indian/Alaska Native 0.72% 0.93% 0.75% Some Other Race 42.25% 36.76% 25.11% RACE AND ETHNICITY 2 or More Races 3.29% 3.62% 4.23% 9 2500 S. MAIN STREET | Affiliated Business Disclosure and Confidentiality Agreement CBRE, Inc. operates within a global family of This Memorandum contains selected information and you are to rely solely on your investigations and companies with many subsidiaries and/or related pertaining to the Property and does not purport to be inspections of the Property in evaluating a possible entities (each an “Affiliate”) engaging in a broad range a representation of the state of affairs of the Property purchase of the real property. of commercial real estate businesses including, but not or the owner of the Property (the “Owner”), to be all- limited to, brokerage services, property and facilities inclusive or to contain all or part of the information The Owner expressly reserved the right, at its sole management, valuation, investment fund management which prospective investors may require to evaluate discretion, to reject any or all expressions of interest and development. At times different Affiliates may a purchase of real property. All financial projections or offers to purchase the Property, and/or to terminate represent various clients with competing interests in and information are provided for general reference discussions with any entity at any time with or the same transaction. For example, this Memorandum purposes only and are based on assumptions relating without notice which may arise as a result of review may be received by our Affiliates, including CBRE to the general economy, market conditions, competition of this Memorandum. The Owner shall have no legal Investors, Inc. or Trammell Crow Company. Those, or and other factors beyond the control of the Owner commitment or obligation to any entity reviewing this other, Affiliates may express an interest in the property and CBRE, Inc. Therefore, all projections, assumptions Memorandum or making an offer to purchase the described in this Memorandum (the “Property”) may and other information provided and made herein Property unless and until written agreement(s) for the submit an offer to purchase the Property and may are subject to material variation. All references to purchase of the Property have been fully executed, be the successful bidder for the Property. You hereby acreages, square footages, and other measurements delivered and approved by the Owner and any acknowledge that possibility and agree that neither are approximations. Additional information and an conditions to the Owner’s obligations therein have CBRE, Inc. nor any involved Affiliate will have any opportunity to inspect the Property will be made been satisfied or waived. obligation to disclose to you the involvement of any available to interested and qualified prospective By receipt of this Memorandum, you agree that this Affiliate in the sale or purchase of the Property. In purchasers. In this Memorandum, certain documents, Memorandum and its contents are of a confidential all instances, however, CBRE, Inc. will act in the best including leases and other materials, are described nature, that you will hold and treat it in the strictest interest of the client(s) it represents in the transaction in summary form. These summaries do not purport confidence and that you will not disclose this described in this Memorandum and will not act in to be complete nor necessarily accurate descriptions Memorandum or any of its contents to any other entity concert with or otherwise conduct its business in a way of the full agreements referenced. Interested parties without the prior written authorization of the Owner that benefits any Affiliate to the detriment of any other are expected to review all such summaries and other or CBRE, Inc.