view park - the hoffman company€¦ · the hoffman company southern california office 18881 von...

T H E H O F F M A N C O M PA N Y

S O U T H E R N C A L I F O R N I A O F F I C E

18881 Von Karman Avenue, Suite 150

Irvine, California 92612

CA BRE #01473762

T 949.553.2020 | F 949.553.8449

www.hoffmanland.com

B R O K E R C O N TA C T

Norm Scheel, CA BRE #00999403

T 949.705.0932 | [email protected]

Zach Foster, CA BRE #01969482

T 949.705.0910 | [email protected]

O F F E R I N G D AT E

TUESDAY, APRIL 19TH, 2016 BY 5:00 PM

EXCLUSIVE OFFERING MEMORANDUM

The

Hoffman

Company

Leading the LandBrokerage IndustryC A L I F O R N I A + N E V A D A

FOOTHILL BLVDMILLIKEN AVE

CHU

RCH ST

ROCHESTER AVE

MAYTEN AVE

DAY CREEK BLVD

MOUNTAIN VIEW PARK

MILLIKENPARK

BASELINE RD

±1.25 AcresCity of Rancho CucamongaSan Bernardino County, CA

15

SUBJECT SITE

DISCLAIMERThe information contained in this offering material (“Brochure”) is furnished solely for the purpose of a review by prospective purchaser of any portion of the subject property in the City of Rancho Cucamonga, County of San Bernardino, California (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of Scheel Dallape Inc. d/b/a The Hoffman Company Organization (“The Hoffman Company”). The material is based in part upon information obtained by The Hoffman Company from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, The Hoffman Company, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site.

This Brochure was prepared by The Hoffman Company. It contains select information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation.

In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents.

This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by The Hoffman Company or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Seller and The Hoffman Company expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to Seller’s obligations there under have been satisfied or waived. The Hoffman Company is not authorized to make any representations or agreements on behalf of Seller.

This Brochure is the Property of The Hoffman Company and may be used only by parties approved by The Hoffman Company. The Property is privately offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to The Hoffman Company immediately upon request of The Hoffman Company or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of The Hoffman Company and Seller.

Please be advised, Buyer acknowledges that The Hoffman Company Organization, may (1) act as an agent for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting The Hoffman Company to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers.

POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER - DISCLOSURE AND CONSENT (C.A.R. Form PRBS, 11/14)

A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker’s or salespersons (associate licensees) acting under the Broker’s license. The associate licensees may be working out of the same or different office locations.

Multiple Buyers: Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property.

Multiple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers.

Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller’s property and consents to Broker acting as a dual agent for both seller and buyer in that transaction. If Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property.

In the event of dual agency, seller and buyer agree that: (a) Broker, without the prior written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property at a price less than the listing price; and (c) other than as set forth in (a) and (b) above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the property to both parties.

Offers not necessarily confidential: Buyer is advised that seller or listing agent may disclose the existence, terms, or conditions of buyer’s offer unless all parties and their agent have signed a written confidentiality agreement. Whether any such information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice in the real estate community, the listing agent’s marketing strategy and the instructions of the seller.

Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships.

The terms and conditions set forth above apply to this Brochure in its entirety.

Property Overview

Aerials, Maps & Photos

Area Overview

Market Overview

1

2

3

4

4-5

6-9

10-15

16-24

TABLE OF CONTENTS

Site Detail

±1.25 ACRES | RANCHO CUCAMONGA, CA

1PROPERTY OVERVIEW

4The

Hoffman

Company

Exclusive Offering Memorandum

Property Overview

The San Antonio Regional Hospital Property consists of approximately ±1.25 acres

of land that sits behind the medical center. Located in the Terra Vista Planned

Community, the property presents a fantastic development opportunity. The site will

require a lot line adjustment separating the property from the approximately 8.15 acre

medical center.

Location

North of Foothill Blvd and East of Milliken Ave.

Address

7777 Milliken Avenue, Rancho Cucamonga, CA 91730

Assessor’s Parcel Number

1090-241-01

Acres

±1.25

Zoning

MHO (Hospital and Related Facilities, Office)

Improvements

None.

SUBJECT SITE

Caption


1PROPERTY OVERVIEW

5The

Hoffman

Company


Offering Guidelines

Seller

San Antonio Regional Hospital, a California Public Benefit Corporation

Proposed Deal Structure

All cash.

Asking Price

Submit on an as-is basis, all cash.

Due Diligence Period

30 days after escrow opens.

Deposits

The initial deposit upon opening of escrow shall be $50,000.

At the conclusion of the Due Diligence Period the deposit shall be increased to a total

of $100,000 and shall become non-refundable.

Close of Escrow

The sooner of Forty Five (45) days following the completion of the Due Diligence

Period, or legal transferable parcel.

Title and Escrow Company

First American

Offer Due Date

TUESDAY, APRIL 19TH, 2016

Broker Contact

Norm Scheel

CA BRE #00999403

T 949.705.0932

[email protected]

Zach Foster

CA BRE #01969482

T 949.705.0910

[email protected]

±1.25 ACRES | RANCHO CUCAMONGA, CA6The

Hoffman

Company


2AERIALS, MAPS & PHOTOS

Surrounding Vacant Land Owners

FOOTHILL BLVD

MIL

LIKE

N AV

E

MAY

TEN

AVE

CHURCH ST

MILLIKENPARK

MOUNTAIN VIEW PARK

SUBJECT SITE


Hoffman

Company



Close Up Aerial with Conceptual Plan Overlay


Hoffman

Company



Vicinity Aerial

15

210

WILSON AVE

BASELINE AVE

CHURCH ST

FOOTHILL BLVD

ARROW HWY

MIL

IKEN

AVE

DAY

CREE

K B

LVD

ETIW

ANDA

AVE

LOANMARTFIELD

KENYON PARK

MOUNTAIN VIEW PARK

SPRUCE AVENUE

PARKSUBJECT SITE


Hoffman

Company



Assessor’s Parcel Map


3AREA OVERVIEW

10The

Hoffman

Company


Area Attractions Map

SUBJECT SITE

RIVERSIDE

FONTANA

COLTON

JURUPA VALLEY

ONTARIO

EASTVALE

CHINO

NORCO

UPLAND

CORONA

POINTS OF INTEREST

Ontario Mills Mall

LA/Ontario International Airport

Victoria Gardens

Auto Club Speedway

The Cove /Jurupa Aquatic Center

Jurupa Hills Country Club

Paradise Knolls Golf Course

Galleria at Tyler

Castle Park

Mission Inn

Downtown Riverside

Riverside City College

University of California, Riverside

Crossings at Corona

Shops at Dos Lagos

Chino Airport

Prado Regional Park

Chino Hills State Park

Mt. Rubidoux

La Sierra University

George Ingalls Equestrian Event Center

Dos Lagos Golf Course

Champions Club at The Retreat

18

CHINO HILLS STATE PARK

S O U T H T O T E M E C U L A

N O R T H T O V I C T O R V A L L E Y

WES

T TO O

RAN

GE/LA C

OU

NTIES EA

ST

TO

CO

ACH

ELLA

VAL

LEY

10

10 10

15

15

215

215

60

91

71

1

16

3

18

5

20

7

22

23

9

11

13

15

2

17

4

19

6

21

8

10

12

14

4

2

3

16

PRADO VIEWREGIONAL PARK

17Ingalls Equestrian

Event Center

21

7

20

5

D OW N T OW N

11 10

12 13

89

142215

23

MT RUBIDOUX

196

1


3AREA OVERVIEW

11The

Hoffman

Company


Rancho Cucamonga & Demographics

RANCHO CUCAMONGA

State

County

Mayor

Incorporated

Website

Historical Annual Growth

Forecasted Annual Growth

1.1%

1.1%

California

Rancho Cucamonga

L. Dennis Michael

November 30,1977

cityofrc.us

C I T Y I N F O : R A N C H O C U C A M O N G A P O P U L AT I O N ( 2 016 ) T O P S C H O O L S B Y A P I S C O R E

W E AT H E R

C I T Y O F R A N C H O C U C A M O N G A : T O T A L P O P U L AT I O N

Source: wikipedia.org and cityoforange.org Source: wikipedia.org and weather.com

Source: Zonda Source: Zonda

Source: Zonda; US Census; Nielsen; Meyers Research LLC Source: wikipedia.org

176,624

Total Population

No. of Households

Median Household Income

Homeownership Rate

Median Age

School

Elementary: Terra Vista (K-6)

Middle: Ruth Musser (K-8)

High: Los Osos (9-12)

January Average

July Average

Precipitation

176,624

56,735

$77,981

64.1%

36.0

2013 API

892

841

845

High 70º, Low 47º

High 83º, Low 63º

High Feb 3.5”, Low Jul 0.0”

M A J O R E M P L O Y E R SAccording to the City’s 2011 Comprehensive Annual Financial Report, the top

employers in the city are:

1 Etiwanda School District 1,312

2 Chaffey College 1,300

3 Amphastar Pharmaceuticals 999

4 City of Rancho Cucamonga 880

5 Alta Loma School District 783

6 Macy’s 750

7 Central School District 680

8 West Valley Dentention Center 668

9 Big Lots 521

10 Mercury Insurance Company 509


3AREA OVERVIEW

12The

Hoffman

Company



J O B G R O W T H ( Y E A R O V E R Y E A R )

A N N U A L J O B G R O W T H B Y S E C T O R

E T H N I C I T Y

T O P E M P L O Y E R S

Dec. 2015 Job Growth 2016 Job Forecast

New Jobs New Jobs

Source: Zonda; US Census; Nielsen; Meyers Research LLC

46,800 35,438Kaiser Permanente 5,000 - 9,999

Loma Linda University Children’s Hospital 5,000 - 9,999

Loma Linda University Medical Center 5,000 - 9,999

Naval Air Wargare Center 5,000 - 9,999

Ontario International Airport 5,000 - 9,999

U N E M P L O Y M E N T R AT EDec. 2015 Unemployment:

Dec. 2015 Unemployment:

6.3%5.9%

Others Asian

Two Plus Black

American Indian White

Pacific Islander Hispanic

10.7% 7.9%4.0% 8.3%0.6% 38.6%0.2% 29.8%

Jan. 2016 Job Growth 2016 Job Forecast

New Jobs New Jobs18,638 15,690


3AREA OVERVIEW

13The

Hoffman

Company



H O U S E H O L D I N C O M E

P O P U L AT I O N G R O W T H

C R I M E R AT E P E R 1 , 0 0 0 P E O P L E

S C H O O L S

2016E Median Household Incomes

Jan. 2016E 2016F

$64,643 Total Crime Rate

45.46 4.02Violent Crime Rate

0.25 26.58Property Rate

1.46 0.05

0.48% 1.23%

H O U S E H O L D G R O W T HJan. 2016E 2016F

2.65% 1.10%

91730 CALIFORNIA


P O P U L AT I O N B Y A G E

W A L K A B I L I T Y

Walk Score 42 / 100

Terra Vista Elementary School 892

Etiwanda Intermediate School 830

Rancho Cucamonga High School 866

SCORE


3AREA OVERVIEW

14The

Hoffman

Company


Rancho Cucamonga Over view

Source: www.cityoforange.org

Crowned by the majestic San Gabriel Mountains, the City’s planned communities and award-winning architecture reflect on a community

proud of its past and excited by its future. With over 20 parks and community facilities, and having highly rated schools, Rancho Cucamonga

has much to offer its residents. Businesses too are finding Rancho Cucamonga is a great place to call their home.

City Motto:

A World Class Community“

Chaffey CollegeThe college district serves the population

of the vibrant inland empire of western

San Bernardino County. Chaffey College

improves lives within the diverse

communities it serves through equal access

to quality occupational, transfer, general

education, and foundation programs in

a learning-centered environment where

student success is highly valued, supported,

and assessed.

www.chaffey.edu

Empire Lakes Golf CourseA Legend, Prestigious, a Symbol of

Excellence in Golf. Put those words together

and you get the award-winning Arnold

Palmer-designed Empire Lakes Golf Course.

Located 30 minutes north of Orange County

and east of Los Angeles County, this par 72

Championship layout brings tradition and

an extraordinary experience to the game of

golf.

www.empirelakes.com

Auto Club SpeedwayThe Auto Club Speedway (formerly California

Speedway) is located just five minutes from

Rancho Cucamonga. You can enjoy exciting

NASCAR races or attend various other events

that are scheduled throughout the year. Racing

at Auto Club Speedway is a full day of fun and

entertainment.

www.autoclubspeedway.com

Victoria Gardens Victoria Gardens is a pedestrian-oriented,

open-air, mixed-use town center in Rancho

Cucamonga, California. Located North of

Foothill Boulevard between Day Creek

Boulevard and Etiwanda Avenue by the

Interstate 15 freeway, the 147-acre project

consists of residential areas, office space,

retail stores, public plazas, a movie theater,

and a civic cultural arts center.

www.victoriagardensie.com


3AREA OVERVIEW

15The

Hoffman

Company


RANCHO CUCAMONGAHIGH SCHOOL

3

ETIWANDA INTERMEDIATE SCHOOL

2

TERRA VISTA ELEMENTARY SCHOOL

1

FOOTHILL BLVD

MILLIK

EN AVE

CHURCH ST

DAY

CREE

K BL

VD

BASELINE RD

SUBJECT SITE

Area Schools Exhibit

Terra Vista Elementary School (K-6) 7497 Mountain View Dr, Rancho Cucamonga, CA 91730T 909-945-57152013 API Score: 892

Etiwanda Intermediate School (7-8)6925 Etiwanda AvenueEtiwanda, CA 91739T 909-899-17012013 API Score: 867

Rancho Cucamonga High School (9-12)13500 Victoria AvenueEtiwanda, CA 91739T 909-899-25312013 API Score: 811

1 2 3Great

SchoolsRating

9out of 10

GreatSchoolsRating

8out of 10

GreatSchoolsRating

8out of 10

ROCHESTE

R AVE

15

210


4MARKET OVERVIEW

16The

Hoffman

Company


Rancho Cucamonga Detached Building Permits & Market Data

1030

544 546 583

159

286

155 184251

332 302

477

0

200

400

600

800

1000

1200

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Detached Building Permits

# of Permits1030

544 546 583

159

286

155 184251

332 302

477

0

200

400

600

800

1000

1200

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Detached Building Permits

# of Permits

N U M B E R O F L I S T I N G S D AY S O N M A R K E TSep. 2015 # of Listings: Aug. 2015 Days on Market:

7,789 77



4MARKET OVERVIEW

17The

Hoffman

Company


Market Data

T O T A L H O M E C L O S I N G S



Dec. 2015 Total Home Closings:



Dec. 2015 Total New Closings:



Dec. 2015 Total Existing Closings:



25,394

1,942

706

1,790

209

15

23,604

1,733

691


San Bernardino County

Rancho Cucamonga

91730 Zip Code


4MARKET OVERVIEW

18The

Hoffman

Company


Market Data

C L O S I N G H O M E P R I C E

C L O S I N G H O M E P R I C E

C L O S I N G B Y P R I C E R A N C H ( L A S T 1 2 M O N T H S )

D E T A C H E D A F F O R D A B I L I T Y

Dec. 2015 Median Detahced New:

Dec. 2015 Median Detahced New:

Dec. 2015 Median Detached Existings:

Dec. 2015 Median Detached Existings: New

New

Existing

Existing

$521,545

$459,310

$456,523

$383,591


City of Rancho Cucamonga

91730 Zip Code


4MARKET OVERVIEW

19The

Hoffman

Company


Market Data

H O U S I N G T R A N S A C T I O N V O L U M E B Y T Y P E ( L A S T 1 2 M O N T H S )

N O T I C E O F D E F A U LT & F O R E C L O S U R E S ( L A S T 1 2 M O N T H S )

N O T I C E S O F D E F A U LT & F O R E C L O S U R E S ( L A S T 1 2 M O N T H S )

Dec. 2015 Total Foreclosures:

Dec. 2015 Total Foreclosures:

Dec. 2015 Notices of Default:

Dec. 2015 Notices of Default:

22

127

91

266


City of Rancho Cucamonga

91730 Zip Code

New Existing Foreclosure Foreclosure NOD


4MARKET OVERVIEW

20The

Hoffman

Company


L A V E N T A N A

V I N T A G E @ C O R N E R S T O N E

L A N D M A R K @ C O R N E R S T O N E

H E R I T A G E @ C O R N E R S T O N E

C O R A L S K Y

C A L A B R I A

1

2

3

4

5

6

OPENED NOV 2014

OPENED SEP 2014

OPENED SEP 2014

OPENED AUG 2014

OPENED JUL 2014

Product Type: DetachedTotal Homes: 71Total Sold: 25Total Remaining: 46





Product Type: AttachedTotal Homes: 94Total Sold: 53Total Remaining: 41

Price Range: $824,880 - $901,880Price Per SF: $200 - $244Minimum Lot Size: 20,000 SFHouse Size: 3,381 - 4,506 SF


Price Range: $474,290 - $578,190Price Per SF: $212 - $245 Minimum Lot Size: 6,000 SFHouse Size: 1,936 - 2,725 SF


Price Range: $1,049,000 - $1,349,990Price Per SF: $301 - $313 Minimum Lot Size: 20,000 SF

Price Range: $447,880 - $493,880 Price Per SF: $248 - $270Minimum Lot Size: 3,200 SFHouse Size: 1,661 - 1,995 SF

Avg. Sales Rate: 1.69/Mo.Total Tax Rate: 1.06%HOA: $45/Mo.

Avg. Sales Rate: 2.51/Mo.Total Tax Rate: 1.10%HOA: $107/Mo.

Total Tax Rate: 1.10%HOA: $107/Mo.


House Size: 3,488 - 4,317 SFTotal Tax Rate: 1.20%HOA: $135/Mo.


Data as of 02/16/16 | Source: Zonda’s Meyers Research & Builder Websites

OPENED JUN 2014

Rancho Cucamonga Actively Selling Projects


4MARKET OVERVIEW

21The

Hoffman

Company


Data as of 02/16/16 | Source: Zonda’s Meyers Research & Builder Websites

Rancho Cucamonga Actively Selling Projects

P H O E N I X C R E S T

A D E G A

R I D G E V I E W

T O S C A N A

7

8

9

10

OPENED MAR 2015

OPENED NOV 2015

SOLD OUT

OPENED NOV 2015






Price Range: $474,990- $488,990Price Per SF: $238 - $252Minimum Lot Size: 3,000 SFHouse Size: 1,888 - 2,051 SF




Total Tax Rate: 1.25%HOA: n/a

Avg. Sales Rate: 1.25/ Mo.HOA: n/a

Avg. Sales Rate: n/aHOA: n/a


4MARKET OVERVIEW

22The

Hoffman

Company


Rent Comparable Analysis

Source: Reis Report Q4-2015

11660 Church St., Rancho CucamongaProperty Size: 503 UnitsCurrent Asking Rent/Unit: $2,276Current Vacancy Rate: 1.0%

Current Asking Rent/UnitUnit Size (SF)UnitsCurrent Asking Rent/SF

StudioN/AN/AN/AN/A

1BR$2,022

914188

$2.21

2BR$2,401

1,163251

$2.06

3BR$2,532

1,60964

$1.57

Averages$2,318

1,228167

$1.94

Submarket: Rancho CucamongaFloors: 2Year Built: 2005Class: A

HOMECOMING at TERRA VISTA I

11755 Malaga Dr., Rancho CucamongaProperty Size: 306 UnitsCurrent Asking Rent/Unit: $2,648Current Vacancy Rate: 19.3%


7868 Milliken Ave., Rancho CucamongaProperty Size: 166 UnitsCurrent Asking Rent/Unit: $2,205Current Vacancy Rate: 1.8%








StudioN/AN/AN/AN/A

StudioN/AN/AN/AN/A

StudioN/AN/AN/AN/A

StudioN/AN/AN/AN/A

StudioN/AN/AN/AN/A

1BR$2,925

96856

$3.02

1BR$2,358

98071

$2.41

1BRN/AN/AN/AN/A

1BRN/AN/AN/AN/A

1BR$2,148

91416

$2.35

2BR$2,435

1,428119

$1.71

2BR$2,509

1,444100

$1.74

2BR$2,101

1,028134

$2.04

2BR$2,060

1,128172

$1.83

2BR$2,179

1,16322

$1.87

3BR$2,706

1,783118

$1.52

3BR$2,585

1,81820

$1.42

3BR$2,642

1,31632

$2.01

3BR$2,355

1,483186

$1.59

3BR$3,116

1,6086

$1.94

Averages$2,688

1,39397

$2.08

Averages$2,484

1,41463

$1.85

Averages$2,371.50

2,34483

$2.02

Averages$2,207.50

1,305179

$1.71

Averages$2,481

1,22814

$2.05



Submarket:Rancho CucamongaFloors: 2Year Built: 2003Class: A



THE ENCLAVE SANTA BARBARA APARTMENTS

DEL MAR-LI JAMBOREE APARTMENTS + TOWNHOMES

HOMECOMING at TERRA VISTA PH I

Numbers correspond to location map on page 24.

1 4

2 5

3 6


4MARKET OVERVIEW

23The

Hoffman

Company


Rent Comparable Analysis

Source: Reis Report Q4-2015

11343 Mountain View Dr., Rancho CucamongaProperty Size: 256 UnitsCurrent Asking Rent/Unit: $1,953Current Vacancy Rate: 1.2%

7903 Elm Ave., Rancho CucamongaProperty Size: 384 UnitsCurrent Asking Rent/Unit: $2,035Current Vacancy Rate: 1.6%


7922 Day Creek Blvd., Rancho CucamongaProperty Size: 319 UnitsCurrent Asking Rent/Unit: $1,762Current Vacancy Rate: 2.5%





StudioN/AN/AN/AN/A

StudioN/AN/AN/AN/A

StudioN/AN/AN/AN/A

StudioN/AN/AN/AN/A

1BR$1,725

62880

$2.75

1BR$1,801

711152

$2.53

1BR$1,645

86060

$1.91

1BR$1,669

802140

$2.08

2BR$2,056

968176

$2.12

2BR$2,103

1,028176

$2.05

2BR$2,879

1,026198

$1.83

2BR$1,835

1,142179

$1.61

3BRN/AN/AN/AN/A

3BR$2,456

1,16456

$2.11

3BR$2,342

1,26048

$1.86

3BRN/AN/AN/AN/A

Averages$1,890

798128

$2.43

Averages$2,120

967128

$2.23

Averages$2,288

1,048102

$1.86

Averages$1,752

972159

$1.84



Submarket:Rancho CucamongaFloors: 3Year Built: 2001Class: A


MONTECITO DEL MAR I

CARMEL at TERRA VISTA AMLI at VICTORIA ARBORS

Numbers correspond to location map on page 24.

7 9

8 10


4MARKET OVERVIEW

24The

Hoffman

Company


Rent Comparable Location Map

E FOOTHILL BLVD

HAVEN AVE

MIL

LIKE

N AV

E

TERRA VISTA PKWY

CHURCH ST1

234

5

67

8

9

10

SUBJECT SITE

VICTORIA PARK LN

RALPH LEWIS PARK

W GREENWAY PARK MILLIKEN

PARK

ROCH

ESTER AVE

SPRUCE AVENUE PARK

COYOTECANYON PARK

Numbers correspond to charts on pages 22 & 23

S O U T H E R N C A L I F O R N I A O F F I C E

18881 Von Karman Avenue, Suite 150

Irvine, California 92612

T 949.553.2020 | F 949.553.8449

www.hof fmanland.comTHE HOFFMAN COMPANYC O A C H E L L A VA L L E Y O F F I C E

777 E Tahquitz Way, Suite 200

Palm Springs, California 92262

T 760.969.7357 | F 949.553.8449

N O R T H E R N C A L I F O R N I A O F F I C E

2121 North California Blvd., Suite 290

Walnut Creek, California 94596

T 925.478.8429 F 949.553.8449

N E VA D A O F F I C E

9205 W Russell Rd, Suite 240

Las Vegas, Nevada 89148

T 702.793.4370

The

Hoffman

Company

Leading the LandBrokerage IndustryC A L I F O R N I A + N E V A D A

view park - the hoffman company€¦ · the hoffman company southern california office 18881 von...

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