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REAL ESTATE SOLUTIONS
MOJAVE PLAZA$1,900,000
14515 Mojave Drive #AVictorville, CA 92394
BUILDING AREA6,429 SF
OFFICE
Kyle [email protected] #02061917
Nick Di [email protected] #00875137
©2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Real Estate Solutions. All rightsreserved. Coldwell Banker Commercial® and the Coldwell Banker Commercial are registered service marksowned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC, dba Coldwell BankerCommercial Affiliates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Eachoffice is independently owned and operated. The information provided is deemed reliable, but it is notguaranteed to be accurate or complete, and it should not be relied upon as such. This information should beindependently verified before any person enters into a transaction based upon it.
COLDWELL BANKER COMMERCIALREAL ESTATE SOLUTIONS15500 West Sand Street, 2nd Floor, Victorville, CA 92392760.684.8000
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14515 Mojave Drive #A , Victorville, CA 92394
MOJAVE PLAZA
CBCWORLDWIDE.COM
Kyle [email protected] #02061917
Nick Di [email protected] #00875137 REAL ESTATE SOLUTIONS
CONFIDENTIALITY AGREEMENT
This offering has been prepared solely for informational purposes. It is designed to assist a potentialinvestor in determining whether it wishes to proceed with an in-depth investigation of the subjectproperty. While the information contained herein is from sources deemed reliable, it has not beenindependently verified by the Coldwell Banker Commercial affiliate or by the Seller.
The projections and pro forma budget contained herein represent best estimates on assumptionsconsidered reasonable under the circumstances. No representations or warranties, expressed orimplied, are made that actual results will conform to such projections.
This document is provided subject to errors, omissions and changes in the information and is subjectto modification or withdrawal. The contents herein are confidential and are not to be reproducedwithout the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALLFAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/orafter contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspectand investigate the Property and all improvements thereon, either independently or through agents ofthe buyer’s choosing.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, toreject all offers, and to accept any offer without regard to the relative price and terms of any other offer.Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated ina formal written contract of purchase and sale to be prepared by the Seller and executed by bothparties; and (iii) approved by Seller and such other parties who may have an interest in the Property.Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase andsale, which contract shall supersede prior discussions and writings and shall constitute the soleagreement of the parties.
Prospective buyers shall be responsible for their costs and expenses of investigating the Property andall other expenses, professional or otherwise, incurred by them.
CBCWORLDWIDE.COM
Kyle [email protected] #02061917
Nick Di [email protected] #00875137 REAL ESTATE SOLUTIONS
04 PROPERTY INFORMATION
Property Overview
Property Photos
07 FINANCIAL ANALYSIS
Income & Expenses
Financial Summary
10 LOCATION INFORMATION
Regional Map
Location Maps
Aerial Maps
14 DEMOGRAPHICS
Demographics Map &Report
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14515 Mojave Drive #A , Victorville, CA 92394
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PROPERTYINFORMATIONSECTION 1
OFFICE
Kyle [email protected] #02061917
Nick Di [email protected] #00875137
©2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Real Estate Solutions. All rightsreserved. Coldwell Banker Commercial® and the Coldwell Banker Commercial are registered service marksowned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC, dba Coldwell BankerCommercial Affiliates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Eachoffice is independently owned and operated. The information provided is deemed reliable, but it is notguaranteed to be accurate or complete, and it should not be relied upon as such. This information should beindependently verified before any person enters into a transaction based upon it.
COLDWELL BANKER COMMERCIALREAL ESTATE SOLUTIONS15500 West Sand Street, 2nd Floor, Victorville, CA 92392760.684.8000
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Kyle [email protected] #02061917
Nick Di [email protected] #00875137 REAL ESTATE SOLUTIONS
OFFERING SUMMARY
Sale Price: $1,900,000
Cap Rate: 6.28%
NOI: $119,402
Lot Size: 0.9 Acres
Building Size: 6,429 SF
Price / SF: $295.54
PROPERTY OVERVIEW
Located on the SouthEast signalized corner of Mojave Drive and Elevado Road inthe City of Victorville within San Bernardino County. The subject propertyincludes a +/- 6,492 Sq. Ft. Multi-Tenant Retail building consisting of six (6) suitessituated on a 39,011 Sq. Ft. (0.9 Acre) parcel. Fully (100 %) occupied with adiverse tenant mix on current leases. Shadow Anchored by Jack in the Box andRite Aid.
LOCATION OVERVIEW
Located in Southern California at the high-point between Los Angeles and LasVegas, Victorville is the leading city for both industry and retail in the High Desertregion. Victorville is a growing, vibrant community that is home to approximately125,000 residents and some of the area's largest employers. Clean air, abundantmountain vistas, family-friendly recreational activities, spectacular sunsets andbreathtaking night skies entice locals and visitors alike to fall in love with our City.We're within a few hours of SoCal beaches, National Parks, mountain retreats, andother major attractions; and Ontario International Airport is less than an houraway.
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14515 Mojave Drive #A , Victorville, CA 92394
MOJAVE PLAZA
CBCWORLDWIDE.COM
Kyle [email protected] #02061917
Nick Di [email protected] #00875137 REAL ESTATE SOLUTIONS
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14515 Mojave Drive #A , Victorville, CA 92394
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FINANCIALANALYSISSECTION 2
OFFICE
Kyle [email protected] #02061917
Nick Di [email protected] #00875137
©2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Real Estate Solutions. All rightsreserved. Coldwell Banker Commercial® and the Coldwell Banker Commercial are registered service marksowned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC, dba Coldwell BankerCommercial Affiliates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Eachoffice is independently owned and operated. The information provided is deemed reliable, but it is notguaranteed to be accurate or complete, and it should not be relied upon as such. This information should beindependently verified before any person enters into a transaction based upon it.
COLDWELL BANKER COMMERCIALREAL ESTATE SOLUTIONS15500 West Sand Street, 2nd Floor, Victorville, CA 92392760.684.8000
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Kyle [email protected] #02061917
Nick Di [email protected] #00875137 REAL ESTATE SOLUTIONS
INCOME SUMMARY
Base Rent $117,606
Recoverable Expenses (NNN Fees) $53,543
Gross Income $171,150
EXPENSE SUMMARY
CAMS $7,545
Utilities $5,808
Property Taxes $22,500
Insurance $5,220
Management Fees $8,400
Fire Alarm $2,274
Gross Expenses $51,747
Net Operating Income $119,402
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14515 Mojave Drive #A , Victorville, CA 92394
MOJAVE PLAZA
CBCWORLDWIDE.COM
Kyle [email protected] #02061917
Nick Di [email protected] #00875137 REAL ESTATE SOLUTIONS
INVESTMENT OVERVIEW
Price $1,900,000
Price per SF $295.54
CAP Rate 6.28%
Cash-on-Cash Return (yr 1) 4.34 %
Total Return (yr 1) $69,766
Debt Coverage Ratio 1.3
OPERATING DATA
Gross Scheduled Income $117,606
Other Income $53,543
Total Scheduled Income $171,150
Gross Income $171,150
Operating Expenses $51,747
Net Operating Income $119,402
Pre-Tax Cash Flow $27,778
FINANCING DATA
Down Payment $640,000
Loan Amount $1,260,000
Debt Service $91,624
Debt Service Monthly $7,635
Principal Reduction (yr 1) $41,988
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14515 Mojave Drive #A , Victorville, CA 92394
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LOCATIONINFORMATIONSECTION 3
OFFICE
Kyle [email protected] #02061917
Nick Di [email protected] #00875137
©2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Real Estate Solutions. All rightsreserved. Coldwell Banker Commercial® and the Coldwell Banker Commercial are registered service marksowned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC, dba Coldwell BankerCommercial Affiliates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Eachoffice is independently owned and operated. The information provided is deemed reliable, but it is notguaranteed to be accurate or complete, and it should not be relied upon as such. This information should beindependently verified before any person enters into a transaction based upon it.
COLDWELL BANKER COMMERCIALREAL ESTATE SOLUTIONS15500 West Sand Street, 2nd Floor, Victorville, CA 92392760.684.8000
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CBCWORLDWIDE.COM
Kyle [email protected] #02061917
Nick Di [email protected] #00875137 REAL ESTATE SOLUTIONS
Victorville, CA
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14515 Mojave Drive #A , Victorville, CA 92394
MOJAVE PLAZA
CBCWORLDWIDE.COM
Kyle [email protected] #02061917
Nick Di [email protected] #00875137 REAL ESTATE SOLUTIONS
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14515 Mojave Drive #A , Victorville, CA 92394
MOJAVE PLAZA
CBCWORLDWIDE.COM
Kyle [email protected] #02061917
Nick Di [email protected] #00875137 REAL ESTATE SOLUTIONS
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14515 Mojave Drive #A , Victorville, CA 92394
MOJAVE PLAZA
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DEMOGRAPHICSSECTION 4
OFFICE
Kyle [email protected] #02061917
Nick Di [email protected] #00875137
©2019 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Real Estate Solutions. All rightsreserved. Coldwell Banker Commercial® and the Coldwell Banker Commercial are registered service marksowned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC, dba Coldwell BankerCommercial Affiliates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Eachoffice is independently owned and operated. The information provided is deemed reliable, but it is notguaranteed to be accurate or complete, and it should not be relied upon as such. This information should beindependently verified before any person enters into a transaction based upon it.
COLDWELL BANKER COMMERCIALREAL ESTATE SOLUTIONS15500 West Sand Street, 2nd Floor, Victorville, CA 92392760.684.8000
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CBCWORLDWIDE.COM
Kyle [email protected] #02061917
Nick Di [email protected] #00875137 REAL ESTATE SOLUTIONS
POPULATION 1 MILE 3 MILES 5 MILES
Total population 6,052 54,865 127,685
Median age 24.7 26.8 27.5
Median age (Male) 23.7 25.5 26.1
Median age (Female) 26.2 28.0 29.3
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 1,751 15,741 36,029
# of persons per HH 3.5 3.5 3.5
Average HH income $50,509 $57,291 $58,854
Average house value $256,857 $247,765 $244,862
* Demographic data derived from 2010 US Census
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14515 Mojave Drive #A , Victorville, CA 92394
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