for sale / leased fee interest - the seymourgroup · 2016. 8. 20. · populous cities. anaheim...

For Sale / Leased Fee Interest Vallarta Supermarket Shopping Center

2350-2394 W. Lincoln Ave., Anaheim, CA 92801

Phil Seymour Executive Vice President

310.271.4040 x 130

310.612.9800 (mobile)

[email protected]

BRE #00630158

148 S. Beverly Drive

Beverly Hills, CA 90212

310.271.4040 (p)

310.271.1463 (f)

www.theseymourgroup.net

PRICE $9,100,000.00

Leased Fee Interest is subject to a Ground Lease that expires in April of 2021 with all

revisionary rights to the Vallarta Supermarket Shopping Center accruing to the fee.

Huge upside in 2021. Projected N.O.I. $1,283,673.

All tenants are sub-tenants of the Leasehold Interest (See Financial Overview Section)

Purchase price does not include the Leasehold Interest.

Present Ground Rent to Fee is $255,582 (See Section 2: “Ground Lessor Income”)

SALE SUBJECT TO COURT CONFIRMATION

(Call Agent for Details)

For Sale / Leased Fee Interest Vallarta Supermarket Shopping Center Phil Seymour 2350-2394 W. Lincoln Ave., Anaheim, CA 92801 310.271.4040 x 130

DISCLAIMER

2350-2394 WEST LINCOLN AVENUE

ANAHEIM, CA 92801

THIS IS A CONFIDENTIAL SALES OFFERING INTENDED TO ASSIST A POTENTIAL BUYER IN DETERMINING WHETHER HE WISHES TO PROCEED WITH AN IN-DEPTH INVESTIGATION OF THIS PROPERTY. THE SEYMOUR GROUP/ELITE PROPERTIES REALTY (“ELITE”) AND ITS AGENTS HAVE OBTAINED THE INFORMATION CONTAINED HEREIN FROM SOURCES DEEMED RELIABLE; NEVERTHELESS, THE INFORMATION IS OFFERED WITHOUT REPRESENTATION OR WARRANTY BY THE OWNER, ELITE OR ITS AGENTS, NOR DO WE MAKE ANY REPRESENTATION OR WARRANTY THAT THE ECONOMIC BENEFITS PROJECTED HEREIN WILL BE OBTAINED BY THE BUYER. ANY PURCHASE OF THE PROPERTY SHOULD BE BASED UPON THE BUYER’S INDEPENDENT INVESTIGATION, EVALUATION, APPRAISAL AND VERIFICATION OF ALL FACTS CONTAINED IN THIS PACKAGE OR OTHERWISE DEEMED TO BE RELEVANT TO THE BUYER. ADVICE OF INDEPENDENT LEGAL COUNSEL AND TAX CONSULTANTS IS STRONGLY RECOMMENDED. ALL INFORMATION CONTAINED HEREIN IS APPROXIMATE, AND IN SOME CASES, ESTIMATED AND SHOULD NOT BE RELIED UPON IN PURCHASING THIS PROPERTY, BUT SHOULD BE INDEPENDENTLY VERIFIED BY THE BUYER.

SECTION 1—PROPERTY DESCRIPTION

SECTION 2—FINANCIAL OVERVIEW

SECTION 3—CITY OF ANAHEIM


For Sale / Leased Fee Interest Property Description Vallarta Supermarket Shopping Center 2350-2394 W. Lincoln Ave., Anaheim, CA 92801

Property Location: SEC of Lincoln Avenue and Gilbert Street in Anaheim, CA.

Property Type: Ground lease with revision rights to the Vallarta Supermarket Shopping Center.

Existing Ground Lease Terms

Lease Term: 42 years

Commencement Date: 4/16/1979

Expiration Date: 4/15/2021

Minimum Rent: $5,416.67 (monthly), $65,000 (annually)

Other Rent: 50% or 25% from subtenants above the original minimum annual rent.

(See allocation of the 25% / 50% on “Ground Lessor Schedule” in Section 2).

Land: -Size: 304,049 SF (usable)

-Zoning: Commercial

Improvements: -Year Built: 1979

-Floor Area: 73,205 SF

The information and calculations presented are deemed to be accurate, but not guaranteed and we are not responsible for its correctness.




Maps and Aerials

LOCAL MAP


REGIONAL MAP



AERIAL MAP


For Sale / Leased Fee Interest Financial Overview Vallarta Supermarket Shopping Center 2350-2394 W. Lincoln Ave., Anaheim, CA 92801

For Sale / Leased Fee Interest City of Anaheim Vallarta Supermarket Shopping Center 2350-2394 W. Lincoln Ave., Anaheim, CA 92801


THE CITY OF ANAHEIM

The City of Anaheim, founded in 1857, is one of the nation's premier municipalities and is one of California's most

populous cities. Anaheim covers 50.8 square miles with 336,265 residents and more than 2,950 City employees. The

municipal corporation's annual budget is $1.6 billion. In addition, Anaheim embraces its vibrant cultural arts

community, including the world renowned Anaheim Ballet. Annually, Anaheim welcomes millions of visitors to the city,

truly making it where the world comes to live, work and play.

A Superior Lifestyle is what Anaheim offers for businesses and residents by providing benefits, services and

recreational amenities unlike anywhere else in the world. No other city can boast of world-class business districts, golf

courses, quality neighborhoods, theme parks, arenas, a stadium, a convention center and a Mediterranean climate - attributes that make Anaheim the finest in Southern California living.

An Outstanding Location is one of the primary reasons businesses and residents call Anaheim their home. Anaheim is

ideally situated in the middle of one of the world's largest economies. Airports, seaports, freeways and railways are all

easily accessible from Anaheim. No other city can boast of world-class business districts, golf courses, quality

neighborhoods, theme parks, arenas, a stadium, a convention center and a Mediterranean climate - attributes that

make Anaheim the finest in Southern California living. This is why Anaheim is the location of choice by over 15,000

businesses and 346,000 residents. Anaheim serves as a premier business location offering a full range of amenities

and support services required by industries of all kinds.

BUSINESSES

Anaheim boasts a diverse business community that has been established through effective planning, incentives, and

business assistance. They have attracted big-name market performers to create and bolster power centers that infuse

neighborhoods with convenient shopping and business opportunities. Anaheim has long been a center for industrial

and technology companies and provides the right resources for manufacturers to remain competitive.

VISITORS

Anaheim offers a wide array of unique activities for visitors throughout the city. Whether you're looking to ride a roller

coaster, shop the latest trends in fashion, or picnic in a park, there's a place for you. Visitors to the Anaheim Resort

and Platinum Triangle can enjoy the Disneyland Resort, Downtown Disney, The Shops at Anaheim GardenWalk,

Angel Stadium of Anaheim, Honda Center and City National Grove of Anaheim. Centrally located with access to many

airports, Anaheim offers fast, convenient access to everywhere you want to go. With the warm climate much of the

year, Anaheim provides for a spectacular location to visit year round.

SHOPPING IN THE AREA

Anaheim is a shopper’s dream with an oasis of shopping options and more. Each are filled with an assortment of

unique and trendy fashions from the latest in haute couture to casual surf wear. Fashion aside, it is also home to

retailers offering a veritable selection of antiques, housewares, sporting gear and just about anything under the sun.

Several locations offer shuttle service from the Anaheim Resort area.

The historical center of commerce for Anaheim at the turn of the century, Center Street Promenade in Downtown

Anaheim has gone through a modern revival with quaintly curated shops, artisan-inspired eateries and other

neighborly services.


http://anaheimoc.org/partners/16944/center-street

for sale / leased fee interest - the seymourgroup · 2016. 8. 20. · populous cities. anaheim...

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