8.54 acres for sale - loopnet · 8.54 acres for sale sale comparables summary | 21 3 3536 sierra...
TRANSCRIPT
OFFERIN
G MEM
ORAN
DUM
1686 Sierra HwyActon, CA 93510
8.54 Acres For SaleFREEWAY FRONTAGE
8.54 Acres For SaleCONTENTS
Exclusively Listed By
John Gessford Erin Williams949-930-6292 714-801-7555Lic: 01137479 Lic: [email protected] [email protected]
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent thecurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
01 Executive Summary Executive Summary 4 Location Summary 5
02 Property Description Property Features 7 Aerial Map 8 Site Plan 9 Parcel Map 10 Property Images 11
03 Sale Comps Sale Comparables Summary 20 Sale Comparables Charts 22 Sale Comparables Map 23
04 Demographics Demographics 25 Demographic Charts 26
05 Additional Information Rural & Commercial Permitted Uses 29
8.54 Acres For Sale | Executive Summ
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Executive Summary
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Offering Summary
Location Summary
8.54 Acres For Sale Executive Summary | 04
OFFERING SUMMARYADDRESS 1686 Sierra Hwy Acton CA 93510
COUNTY Los Angeles
ANNUAL NOI $105,000
CAP RATE 4.20%
OFFERING PRICE $2,500,000
PRICE PSF $6.72
LAND SF 372,002 SF
OWNERSHIP TYPE Fee Simple
# OF PARCELS Three
Freeway Visibility
Strong Demographics
Daily Traffic Count 169,000
Approx. 1,750 SF Freeway Frontage
~4.8 Acres is Currently Vacant
This is an incredible opportunity to own property along the (14) Freeway, adjacent to the on and off ramps. Located in the Antelope Valley Sub-market, the zoning is wide-ranging which allows for a myriad of uses. See page 04 for links to all the permitted uses.
Golden West Trailer Sales has been the tenant for over 20 years and occupies approx. 3.73 acres. They pay $105,000 per year (NNN Lease). A new FIVE YEAR LEASE will be signed before close of escrow.
There is a possibility the Tenant can leave early if the Buyer prefers to use 100% the property.
The adjacent ~4.8 acres is available now. Buyer may use the available space or lease it out to a new tenant.
8.54 Acres For Sale Location Summary | 05
Strong demand throughout this cycle has compressedvacancies to a historically low level of 3.8%. Whileretail centers in affluent neighborhoods have beendriving demand throughout this cycle, the last yearhas primarily benefited the outlying parts of themetro, such as the Antelope Valley. Rent growth hasbeen moderating as of late, yet here too the outlyingparts of the metro have posted the biggest year-over-year growth rates. Retail development has beenmodest over the last four quarters, following a largewave of deliveries in the first half of 2017 that werematched with strong leasing activity. Investmentactivity has been stable over the last six quarters andat about the metro's historic average.
Even as big box stores closed, their large spaces havebeen routinely snapped up by other retailers or non-traditional users of retail stores. Savvy shoppers havepaved the way for discount retailers like 99 CentsOnly, Dollar Tree/Family Dollar, dd's Discount, FiveBelow, and Fallas Paredeas, as well as Aldi, a discountgrocery store. Gyms represented another group ofactive tenants, because the large vacant spaces left byretailers like Sears and Kmart offer the appropriateexpansive floor plans. Academic institutions haveeven opened campuses in retail centers, with ampleparking already in place to accommodate commuters.
Regional Map
Locator Map
Net Absorption, Deliveries & Vacancy
8.54 Acres For Sale | Property Description
Property Description
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Property Features
Aerial Map
Parcel Map
Additional Maps
Property Images
8.54 Acres For Sale Property Features | 04
GLOBALLAND SF 372,002
LAND ACRES 8.54
# OF PARCELS Three
APN ENDING....033 ZONED C-R Click Here for Permitted Uses
APN ENDING....033 ZONED A-1 Click Here for Permitted Uses
APNS ENDING...052, 028 ZONED R/C
See page 29 for Permitted Uses
COMMERCIAL BUILDING ONAPN...052
~600 SF, Built 1993
NEIGHBORING PROPERTIESNORTH Residential
SOUTH Antelope Valley Fwy (14)
EAST (14) Fwy on ramp
WEST Land
PARCEL BREAKDOWNAPN 3057-015-033 SIZE 4.8 acres (currently vacant)
APN 3057-015-033 ZONED A-1/C-R (lightagricultural/commercialrecreational)
APN 3057-015-052 SIZE 1.92 acres (currently occupied)
APN 3057-015-052 ZONED Rural / Commercial
APN 3057-015-028 SIZE 1.81 acres (currently occupied)
APN 3057-015-028 ZONED Rural / Commercial
8.54 Acres For Sale Aerial Map | 08
8.54 Acres For Sale Site Plan | 09
8.54 Acres For Sale Parcel Map | 10
8.54 Acres For Sale Property Images | 11
Golden West Trailer Sales (Tenant)
8.54 Acres For Sale Property Images | 12
Property Adjacent to On-Ramp
8.54 Acres For Sale Property Images | 13
Property in Relation to On-Ramp and Freeway
8.54 Acres For Sale Property Images | 14
Golden West business Freeway Frontage
8.54 Acres For Sale Property Images | 15
From On-Ramp Perspective
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Adjacent Vacant Parcel 4.81 acres (Northbound)
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Adjacent Vacant Parcel 4.81 acres
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Adjacent Vacant Parcel 4.81 acres (Southbound)
8.54 Acres For Sale | Sale Comps
Sale Comps
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Sale Comparables
Sale Comparables Charts
Sale Comparables Map
8.54 Acres For Sale Sale Comparables Summary | 20
1
Crown Valley Rd, Acton, CA93510
LAND SF 107,157
SALE PRICE $1,605,000
LAND/PSF $14.98
CLOSING DATE 6/27/2006
Land/PSF $8 - $17
LOW HIGH
Notes C2 Zoned Acreage
2
3720 Sierra Hwy, Acton, CA93510
LAND SF 77,536
SALE PRICE $1,350,000
LAND/PSF $17.41
CLOSING DATE 9/13/2005
Land/PSF $8 - $17
LOW HIGH
Notes The seller stated he purchased the propertywith the intention of constructing a retailbuilding. He poured a foundation and started onthe framework when he decided to sell theproperty. Antelope Valley Submarket
Zoning: C4-A1100, 12.50% improved
8.54 Acres For Sale Sale Comparables Summary | 21
3
3536 Sierra Hwy, Acton, CA93510
LAND SF 77,536
SALE PRICE $903,000
LAND/PSF $11.65
CLOSING DATE 2/22/2005
Land/PSF $8 - $17
LOW HIGH
Notes 462' on Sierra. Contractor Storage Yard
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8.54 Acres For Sale1686 Sierra Hwy, Acton, CA93510
LAND SF 372,002
ASKING PRICE $2,980,000
LAND/PSF $8.01
Land/PSF $8 - $17
LOW HIGH
8.54 Acres For Sale Sale Comparables Charts | 22
8.54 Acres For Sale Sale Comparables Map | 23
# Address City
S 1686 Sierra Hwy Acton1 3536 Sierra Hwy Acton2 3720 Sierra Hwy Acton3 Crown Valley Rd Acton
8.54 Acres For Sale | Demographics
Demographics
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Demographic Details
Demographic Charts
8.54 Acres For Sale Demographics | 25
POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 709 4,288 7,934
2010 Population 830 4,518 8,733
2017 Population 850 4,590 8,953
2022 Population 870 4,670 9,148
2017 African American 7 55 256
2017 American Indian 9 48 83
2017 Asian 24 115 292
2017 Hispanic 187 973 2,145
2017 White 712 3,814 7,087
2017 Other Race 62 342 829
2017 Multiracial 37 213 398
2017-2022: Population: Growth Rate 2.35 % 1.75 % 2.15 %
2017 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 12 78 165
$15,000-$24,999 15 117 183
$25,000-$34,999 8 76 150
$35,000-$49,999 19 123 249
$50,000-$74,999 37 228 425
$75,000-$99,999 53 222 471
$100,000-$149,999 69 312 640
$150,000-$199,999 51 296 465
$200,000 or greater 27 138 311
Median HH Income $100,658 $93,216 $92,566
Average HH Income $115,828 $110,103 $111,578
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 240 1,487 2,800
2010 Total Households 286 1,581 3,017
2017 Total Households 291 1,592 3,059
2022 Total Households 296 1,610 3,108
2017 Average Household Size 2.90 2.83 2.87
2000 Owner Occupied Housing 202 1,240 2,314
2000 Renter Occupied Housing 24 156 319
2017 Owner Occupied Housing 257 1,397 2,627
2017 Renter Occupied Housing 34 195 432
2017 Vacant Housing 17 96 206
2017 Total Housing 308 1,688 3,265
2022 Owner Occupied Housing 261 1,411 2,664
2022 Renter Occupied Housing 35 199 444
2022 Vacant Housing 17 94 206
2022 Total Housing 313 1,704 3,314
2017-2022: Households: Growth Rate 1.70 % 1.15 % 1.60 %
Source: esri
8.54 Acres For Sale Demographic Charts | 26
1 Mile Radius 3 Mile Radius 5 Mile Radius
2017 Household Income
1 Mile Radius 3 Mile Radius 5 Mile Radius
2017 Population by Race
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2017 Household Occupancy - 1 Mile Radius
Average Income Median Income
2017 Household Income Average and Median
8.54 Acres For Sale | Additional Information
Additional Information
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Rural & Commercial Permitted Uses
Land Use Code PermittedDensity or FAR Purpose
COMMERCIAL
Rural Commercial CR
Residential: 0-5 du/net ac
Non-Residential: Maximum FAR 0.5
Purpose: Limited, low intensity commercial uses that are compatible with rural and agricultural activities, including retail, restaurants, and personal and professional services.
Residential: 0-50 du/net ac
General Commercial CG
Non-Residential: Maximum FAR 1.0
Mixed Use: 0-50 du/net acand FAR 1.0
Purpose: Local-serving commercial uses, including retail, restaurants, and personal and professional services; single family and multifamily residences; and residential and commercial mixed uses.
Rural / Commercial Permitted Uses APN 3057-015-052 1.92 acres APN 3057-015-028 1.81 acres
8.54 Acres For Sale Rural & Commercial Permitted Uses | 29
8.54 Acres For Sale
Erin Williams714-801-7555Lic: 01994295
Exclusively Listed By
John Gessford949-930-6292Lic: 01137479 [email protected] [email protected]
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