development by - loopnet€¦ · broker cooperation: 3% commission to selling brokers who represent...
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AL Capital, Inc.17528 Rowland St., #208City of Industry, CA 91748Tel: 626-913-5020Fax: 626-913-1911CalBRE #01930922
Development by:
University Office Park 2501 E. Chapman Ave., Fullerton, CA 92831
Peichin Lee (C) 626-354-8843Gordon Lau (C) 626-388-7352
Email: gordonl@alcapitalinc.com
SITE PLANSite Plan and Photos
East Chapman Ave.
� 34 Office condo units for sale and for
lease.
� Year Built: 1986. Renovations to
interior and exterior.
� Total lot size is about 1.70 acres.
� Building is 2 stories high and totals
approximately 35,303 SF.
� Offices range in size from 525 SF to
3,262 SF. If needed, units can be
easily combined for more space.
� Building is located west of FWY 57
and main cross streets are E.
Chapman Ave. & S. State College Blvd.
� Located within walking distance to
Cal State Fullerton and various retail
and food outlets.
Fullerton Brea Placentia
Population 138,425 42,397 55,984
Household
Income$90,055 $93,576 $81,870
All information provided herein is approximate and also subject to change without notice due to considerations related to design, use, construction or government requirements.
Floor Plan
All information provided herein is approximate and also subject to change without notice due to considerations related to design, use, construction or government requirements.
Suite # Total Gross Area Price per SF Purchase Price
100 975 $398 $388,050
101 572 $398 $227,656
102 815 $398 $324,370
103 1,289 $398 $513,022
105 986 $398 $392,428
106 937 $398 $372,926
107 1,303 $380 $495,140
130 1,239 $380 $470,820
140 765 $380 $290,700
150 931 $380 $353,780
155 876 $380 $332,880
158 540 $380 $205,200
160 880 $380 $334,400
175 805 $380 $305,900
180 761 $380 $289,180
185 874 $380 $332,120
190 1,328 $380 $504,640
Office Condo Price List
*square footage shown is approximate
� Price as shown is for “AS IS” condition. � Property is zoned for commercial use. Medical use may be allowed.� Broker Cooperation: 3% commission to selling brokers who represent the buyer/lessee in the completed
transaction.� Monthly association fees (including property, fire, and liability insurance and CAM charge) is approximately
$0.25 per gross square foot per month.
Suite # Total Gross Area Price per SF Purchase Price
200 1,763 $380 $669,940
210 1,057 $380 $401,660
215 1,196 $380 $454,480
220 3,262 $380 $1,239,560
225 1,485 $380 $564,300
227 572 $380 $217,360
230 525 $380 $199,500
235 801 $380 $304,380
245 1,562 $380 $593,560
250 1,061 $380 $403,180
260 870 $380 $330,600
265 876 $380 $332,880
270 876 $380 $332,880
275 1,076 $380 $408,880
280 932 $380 $354,160
285 689 $380 $261,820
290 824 $380 $313,120
Office Condo Price List
*square footage shown is approximate
� Price as shown is for “AS IS” condition. � Property is zoned for commercial use. Medical use may be allowed.� Broker Cooperation: 3% commission to selling brokers who represent the buyer/lessee in the completed
transaction.� Monthly association fees (including property, fire, and liability insurance and CAM charge) is approximately
$0.25 per gross square foot per month.
Unit Size 773 SF 1,177 SF 1,779 SF
Purchase PriceEx. ($380per/SF)
$293,740 $447,260 $676,020
Down Payment (15%)
$44,061 $67,089 $101,403
Mortgage(5% interest)
$1,040/mo. $1,584/mo. $2,394/mo.
Property Tax (1.06%)
$259/mo. $395/mo. $597/mo.
Association Fee($0.25/SF)
$193/mo. $294/mo. $445/mo.
Total Monthly Payments $1,493 $2,273 $3,436
Lease Rate at $2/SF $1,546 $2,354 $3,558
Purchase vs Lease Analysis*
Peichin Lee (C) 626-354-8843 Gordon Lau (C) 626-388-7352
� Build up your own equity through mortgage payments.� Take advantage of the historically low interest rates.� Enjoy the property value appreciation.� Pride of ownership, with great location & quality.� Owner occupy or income property with good return on investment.� No more tedious landlord relationship and surprise rent increases.� Flexibility to sell or lease at any time.
*based on current interest estimates, property tax rate includes special assessment fees and is approximate
Financing Procedure
1. There is no need to work with a loan broker for your commercial financing. You can work with any commercialbank directly by calling their real estate department.
2. You may make an inquiry with the bank during the due diligence period. However for new construction, you maystart the formal financing process 4 months prior to completion of the building. The appraisal report is only goodfor about 6 months.
3. When you meet with the bank, please provide a copy of your Purchase Agreement, three years of tax returns, andyour personal financial statement.
4. Request a “Letter of Interest” from the lenders.5. Select the most favorable lender, sign and return the Letter of Interest, and attach a check for the appraisal fee and
any other fees requested by the lender.6. After your lender has received your executed Letter of Interest and appraisal fee, etc., they will formally process
your loan application.a. For a conventional loan, Loan-to-Value ratio can be up to 75% and can take up to 45 days.b. For a Small Business Administration loan, Loan-to-Value ratio can be up to 90% and it can take an extra 30
days to have the loan approved.c. The time for approval may vary depending on the experience of your loan officer and whether you can timely
provide the lender with the requested documents.7. Order and sign the loan documents either at your bank’s office or at the escrow company. Please keep in mind that
the bank needs a minimum of 3 days to fund after signing.8. Once you sign the loan documents, wire transfer the balance of your down payment to the escrow company.9. Your lender will fund the loan after your balance is received by the escrow company.10.Once the escrow company receives the full purchase amount, it will record the Grant Deed with the county
recorder’s office the 2nd day. Congratulations, your escrow is closed!
Lenders Familiar with CGM Projects
David Chan(626) 854-8600
Lisa Chiu(626) 363-8989
Brian Smith(562) 587-2368
Virginia Lee(626) 372-2608
Intro to Condominium Conversion Process
First and foremost, CGM Development would like to thank you for your interest in our officecondominium projects. To provide you with a better understanding of the condo conversion process,we would like to share the general process of how an existing building is converted into individualoffice or medical condo units that are available for purchase:
1. Our team of licensed civil engineers/land surveyors analyze and measure the existing building, includingthe common areas and individual units. They then use these measurements to draw a Tentative Map and aCondominium Plan, which shows the property boundaries (building boundaries and the borderlines of theindividual units and common areas). CGM and its attorneys will also create CC&Rs to govern the property andowner’s association.
2. The Tentative Map is submitted to the City and any other applicable government agencies for their review.Once approved, the civil engineer will create the Final Map to be recorded in the public records of the CountyRecorder. In addition, the CC&Rs is reviewed by the City and the City attorney.
3. After the City’s approval, CGM sends the Final Map, CC&Rs and Condominium Plan to a reputable titleinsurance company for review. The title insurance company, through its legal/title/real estate department, thenassists in creating the new legal description for each condo unit.
4. After obtaining the above reviews and approvals, the Final Map, CC&Rs and Condominium Plan arerecorded in the public records of the County Recorder and the condo units may be owned or sold by individual orbusiness owners.
Currently on market!Contact us for more information.
CGM Development Past Projects
Grandview Medical Plaza13768 Roswell Ave, Chino, CA 91710
Nogales Plaza2707 East Valley Blvd, West Covina, CA 91792
Diamond Star Office Condo2705 Diamond Bar Blvd, Diamond Bar, CA 91765
Metro Centre Office Condo3333 S Diamond Bar Blvd, Diamond Bar, CA 91765
Brea Canyon Office Condo680 Brea Canyon Road, Diamond Bar, CA 91789
DB Office Condo660 N Diamond Bar Blvd, Diamond Bar, CA 91765
Montclair Office Building4950 San Bernardino St, Montclair, CA 91763
University Office Park2501 E Chapman Ave, Fullerton, CA 92831
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