M E R A K I C O R P O R AT I O N
M E R AK I BUILDING
Meraki Buildings, branded by the Meraki Corporation, are creative office buildings designed with clients, employees, and business cultures in mind. They will bring to the commercial real estate market work environments that generate cultures of innovation and productivity for small and mid-sized businesses. MERAKIBUILDING.COM
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M E R A K I C O R P O R AT I O N
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M E R A K I C O R P O R AT I O N
Four separate divisions working as one. –Mario Franco
M E R A K I C O R P O R AT I O N
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TA B L E O F C O N T E N T S
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EXECUTIVE SUMMARY A 1 C o m p a ny Su m m a ry
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A 2 O u r Fo u nd e rs A 3 O u r Vis io n
A 4 O u r Po rt fo lio
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MERAKI BUILDING B 1 Int ro d u c t io n
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B 2 St ra t e g y B 3 P ro c e s s
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SUBJECT PROPERTY C 1 P ro p e rt y Su m m a ry
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C 2 L o c a t io n
C 3 Su rro u nd ing D e m o g ra ph ic s
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SUM M ARY
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Executive Summary
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Company Summary EXECUTIVE
SUMMARY
"Creating opportunities for businesses to define their visions and make dreams become reality.
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â–śâ–śâ–ś TIMELINE
20 13 O F F I C E F U R N I T U R E R E TA I L E R
The Meraki Corporation embodies the definition of its name: to do something with soul, creativity, and love. It was founded with the goal of designing spaces that breathe life, innovate and inspire vision. Today, it has evolved into a full-service entity comprised of office furnishings, interior design, commercial real estate and construction, which together, create spaces that motivate our clients to live and work daily with meraki.
The beginnings of the company began in 2013, as an office furniture retailer and showroom providing quality, affordable products to small and mid-sized companies. It was during this period of selling unit furniture pieces that the founders realized space plans alone were not enough to help clients visualize the end result. Without the ability to envision the outcome prior to purchasing, clients ended up with mismatched furniture and discordant office finishes. The solution to this issue was to create a mirror of the final presentation so that clients could see exactly what they are buying from any angle, down to the square foot before installation.
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MERAKI INTERIOR DESIGNS
C O M M E RC I A L R E A L E S TAT E
MERAKI CONSTRUCTION
In 2017, the Meraki Corporation was officially established with the addition of its second arm: Meraki Interior Design. The interior design firm uses the most advanced tools to aid clients in selecting materials and finishes, creating specialized space plans and 3D renderings, and guiding customers in their visions for their work spaces. Meraki Interior Design employs the creativity and freedom of design to build work environments and cultures that stimulate, motivate, and appeal to the modern day workforce.
Still yet, there were needs that remained unaddressed. Clients were struggling with buildings and floor plans that were not ideal for their business operations. In 2018, Meraki Capital, a commercial real estate brokerage, was founded as the third division under the Meraki Corporation. This arm was developed in order to help clients locate commercial spaces that align with their business, financial, and operational objectives, and to equip them with the information and guidance necessary to negotiate favorable terms and make the best property selection. With the addition of the real estate division, the Meraki Corporation now encompassed more resources to aid clients through the journey of achieving their ideal commercial office: secure a desirable location, design the space, and provide office furniture.
To complete the final piece necessary to make our renderings come to life, the construction division of the Meraki Corporation was born. The in-house construction division allows direct communication between the designers and constructors, enhancing the opportunity for improved coordination, more efficient and constructible designs, conserve the economies of time and cost, and ultimately, permit a greater overall team approach. Clients now only have to communicate with one entity, rather than face the burden of coordinating between the different industries separately.
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20 19 M E R A K I C O R P O R AT I O N
Today, our team consists of a blend of interior designers, real estate professionals, media personnel, and contractors, providing broad knowledge and guidance of the commercial design and real estate industry. With this diverse group of talent and expertise, we strive to continuously create interiors that stimulate, inspire, and excite.
From our inception as a design company, we have evolved to service our clients from the initial ideas to the final accessory installation. Instead of having to seek different companies to fulfill each step of the needs, the Meraki Corporation now takes away the burden of coordinating each step through its ability to provide all the services. We take visions that our clients provide and partner with them on a journey of designing, planning, strategizing, and constructing. From beginning to end, we help define visions and make dreams become reality.
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M E R A K I C O R P O R AT I O N
Our Founders EXECUTIVE
SUMMARY
Together, our founders bring about a wealth of knowledge and experience in design, product sourcing, finances, real estate, and construction management. The combined expertise drive Meraki Corporation’s success and continuously lead the company to reach new heights.
M E R A K I C O R P O R AT I O N
Mario Franco CEO
With a never-ending drive and passion to dream and inspire, Mario embraces challenges and changes that create forward-thinking transformations in the design and real estate industry. Since he received his contractor’s license almost 20 years ago, Mario has continued to make his mark in the design, furniture, and real estate industries through the wealth of knowledge he has garnered from his construction background.
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Rosemary Franco CFO
Passionate about residential and commercial real estate and its ability to allow clients to address challenges and realize opportunities, Rosemary is the real estate expert of the company. She successfully leads clients and the team of real estate agents to negotiate successful transactions for clients. Her expertise in the field stems from over a decade of experience, her knowledge of financial analysis, and an MBA education.
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Our Vision EXECUTIVE
SUMMARY
Through the process of working with clients in each of the 4 arms, we came to see unfulfilled needs within each of the divisions. Ultimately, as current markets and office trends evolve away from the traditional, companies are recognizing that in order to generate and maintain working momentum within the younger workforce, they must create workspaces that induce employees to be productive and comfortable in the working environment. Prime examples of companies boasting success from such a model are Google, Facebook, Regus and WeWork, where modern office aesthetics, open floor plans and complimentary beverages, snacks and services engage the youngest and most brilliant of minds. These elements contribute to the creation of company cultures that motivate and stimulate its employees, allow collaboration and the exchange of ideas, and provide and encourage environments of innovation and productivity.
M E R A K I C O R P O R AT I O N
OFFICE FURNITURE
INTERIOR DESIGN
COMMERCIAL REAL ESTATE
CONSTRUCTION
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"We aim to empower business owners to create company cultures that strengthen workplace collaboration, employee productivity and creativity.
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20 21 THE FUTURE OF WORKPLACE
This is the new and the now. Companies are reaping the benefits of creating unique and enthralling environments where employees want to work. As we engage with our clients, however, we are realizing that although the future of working environments are moving toward the direction of establishing stimulating, engaging company cultures, most companies in the United States do not possess the means to invest such dollar amounts into their work environments. Small and medium businesses (SMBs), defined by the Affordable Care Act as companies with fewer than 50 employees, constitute the bulk of the business population in the United States. Over 96% of businesses are categorized as SMBs and of these, most of them are small SMBs, with less than 10 employees.
This is the new and the now. Companies are reaping the benefits of creating unique and enthralling environments where employees want to work. As we engage with our clients, however, we are realizing that although the future of working environments are moving toward the direction of establishing stimulating, engaging company cultures, most companies in the United States do not possess the means to invest such dollar amounts into their work environments. Small and medium businesses (SMBs), defined by the Affordable Care Act as companies with fewer than 50 employees, constitute the bulk of the business population in the United States. Over 96% of businesses are categorized as SMBs and of these, most of them are small SMBs, with less than 10 employees.
M E R A K I C O R P O R AT I O N
When it comes to sales, however, 4% of large businesses, defined as companies with more than 50 employees, generate almost 80% of the total revenue. Simply put, SMBs do not have the financial means necessary to fund the designing, planning and construction components of a renovation, which can quickly add to hundreds of thousands of dollars. While there are co-working spaces, such as WeWork and Regus that exist to provide small of
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fices, little else is available on the market to accommodate for the size and budget of SMBs. Larger companies possess the financial ability to fund renovation projects and micro companies have coworking offices at their disposal, but there is a shortage in the market for affordable, creative private office suites for small and mid-sized businesses.
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Our Portfolio EXECUTIVE
SUMMARY
"With the freedom and creativity of design, we help clients create environments that strengthen brands and build work cultures that drive passion and inspire innovation.
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4.1 OUR PROCESS
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MOODBOARD PHASE TWO
FLOOR PLAN PHASE ONE
M E R A K I C O R P O R AT I O N
CONCEPT PHASE FOUR
S PA C E P L A N
CONSTRUCTION
PHASE THREE
PHASE FIVE
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4 . 2 PA S T P RO J E C T S
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F O N A I N T E R N AT I O N A L IRVINE, CALIFORNIA
FONA International, Inc is a company that creates and produces flavors for many of the largest food, beverage, and nutritional companies in the world. The established company, which boasts 31 years of history, was named by Fortune magazine as the #3 manufacturer in the nation in 2018. In 2018, the Meraki Corporation became acquainted with FONA when the flavor company sought the services of Meraki Capital to search for its newest facility in its expansion to California. Through thoroughly understanding the vision and goals the company had for their first office in the west coast, within a few months, a contract was executed for a 1,675 SF industrial flex space in the city of Irvine at a base rent of $1.60/SF.
Due to the success with the real estate division, FONA employed Meraki to design and execute the vision for their new location. During the initial consultation, lead designer, Krasimir Velikov, inspired the FONA VP with his unique and creative design. He presented a concept rendering for a modern industrial office and lab that would create an invigorating, different, yet comfortable environment for their working technicians. This design had a clear difference from FONA’s other facilities, which invoked the characteristics of more traditional labs and offices: standard cupboards and storage spaces, low ceilings, and the lack of color.
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CONCEPT
M E R A K I C O R P O R AT I O N
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AFTER CONSTRUCTION
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M E R A K I C O R P O R AT I O N
Once the design had been approved by both the client and the city, the construction period began. Three months and $250,000 later, the project was completed and ready for operation. The standard industrial unit had been transformed into a lab furnished with a full modern kitchen, opening ceilings, glazed con-
crete floors, electrical desks, modern shelves and finishes, sliding glass doors, and bold strikes of color throughout. FONA boasted of the new facility in a promotional video announcing its new location: a laboratory, meeting, and educational center in an environment designed to inspire and motivate.
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4 . 2 PA S T P RO J E C T S
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LEGION BUILDING 3 1 3 N B I R C H S T, S A N TA A N N A
The Meraki Design team identified the striking potential of the 15,742 SF building, and sought to retain its distinctive style and frame, while also creating an environment that could appeal to the millennial workforce. They recognized the importance of an appealing office that could engage the minds of a generation of workers seeking to find meaning, flexibility, and challenge in their day to day work.
The scope of renovations included creating private suites with a mix of private offices and open floor plans, exposed ceilings, glass walls, and a blend of modern materials and finishes to compliment the original brick walls of the historical building. The end result of a $1.1 M renovation investment: a building that strikes the balance between modern and traditional, provides the structure and professionalism of a traditional office, while also producing an environment that encourages open communication, energizes, and inspires productivity. When ownership recruited Meraki Capital to list the office suits, the agents were able to do so within 5 weeks of posting - prior to the completion of renovations. Through the use of 3D visualization and walkthrough renderings created by the Meraki media department, tenants were able to visualize the final outcome and make informed decisions based on high quality models. Lease commencements were coordinated to coincide with the completion of construction, saving time and costs for both tenant and landlord. The tenants entered into lease agreements for 3 year terms at $2.40/SF, resulting in ownership profits of $38,000/mo
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CONCEPT
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AFTER CONSTRUCTION
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M E R A K I C O R P O R AT I O N
CONCEPT
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AFTER CONSTRUCTION
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4.3 CURRENT PROJECTS
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BIXBY TERRACE LONG BEACH, CALIFORNIA
The Bixby Terrace, a 4,922 SF 2 story building located in the heart of Bixby Knoll, just minutes from Downtown Long Beach, was purchased by owner Lienette Chung in 2015. After years of struggling with maintaining tenant occupancy, she sought Meraki for real estate, design, and construction services for a fix-and-flip project of the property. The building, which was built in 1948, will undergo exterior improvements, interior demolition, and reconstruction of walls into private office suites. The private suites will each consist of open floor plans, private offices, conference room, lounge area, huddle rooms, and kitchenettes. Tenants will enjoy the amenities of fully-furnished, turnkey suites with A Class building amenities such as complimentary snacks and beverages, a full-service reception desk and full-time secretary, and on-site parking. Suites will be leased for $3.90/SF.
In mid-2019, the project was marketed on a commercial real estate listing platform with high quality walkthrough renderings. The purpose was to gauge public interest and demand of the office suites and the palatability of the asking terms. Within a month and a half, we received numerous inquiries, with several of them requesting to lease the entire building. Many of the prospective tenants were law and tech firms who were seeking modernly designed, amenitized private office suites at a cost that could be affordable to their budgets.
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The Meraki Building
M E R A K I C O R P O R AT I O N
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Building Introduction
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THE MERAKI BUILDING
Meraki Buildings, branded by the Meraki Corporation, are creative office buildings designed with clients, employees, and business cultures in mind. They will bring to the commercial real estate market work environments that generate cultures of innovation and productivity for small and mid-sized businesses. Each building will consist of private, turnkey corporate suites with the following amenities:
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FRONT CONCEPT
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BACK CONCEPT
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M E R A K I C O R P O R AT I O N
B1.1 AMENITIES
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O F F I C E F U R N I T U R E W I T H C U S TO M I Z A B L E FINISHES • ELECTRIC DESKS
• TELEPHONE BOOTHS M O D E R N R E N O VAT I O N S • NAT U R A L L IG H T I NG • KITCHENETTES
• P R I VAT E C O N F E R E N C E R O O M • P R I VAT E O F F I C E S
• OPEN FLOOR PLANS N E W H VA C A N D P L U M B I N G I N S TA L L AT I O N SHARED LOBBY AND RECEPTIONIST
LOBBY CONCEPT
SECURITY GUARD SNACKS AND BEVERAGES
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M E R A K I C O R P O R AT I O N
B 2 . 1 TA RG E T M A R K E T
S U I T E 1 0 1 K I TC H E N E T T E C O N C E P T
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Building Strategy
THE MERAKI BUILDING
The target tenants for Meraki Buildings are small and mid-sized businesses,
which in sheer numbers, dominate businesses in numbers. However, smaller
companies also tend to make lower revenues, generating only 20% of total business revenues, despite claiming over 96% of the population.
For these smaller businesses, the costs of running the business can quickly add
up, leaving little room to budget for office renovations and amenities. While co-working spaces may be an option for small businesses seeking to operate in
modern office spaces, current coworking offerings lack the privacy of a private
office suite. Meraki Buildings will provide the intimacy of operating within an exclusive corporate setting and yet still allow the benefits of collaborating with team members within an open floor plan space.
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S U I T E 1 0 1 P H O N E B O OT H C O N C E P T
LISTING AND MARKETING Meraki Corporation has developed the media department to take advantage of the creative eyes of its personnel to successfully market real estate. Marketing is an avenue of introducing and communicating the vision and value of Meraki Buildings to the market.
Our team members will utilize the latest tools available to create video renderings of the commercial space. This will be an effective form of communication that will allow us to reveal the qualities of a space, permit clients to visualize the end product, and inspire further ideas through better spatial understanding. These components allow us to start the listing and marketing process prior to the completion of construction. The Meraki Corporation combines insight, creativity, and technology to deliver real results in every project and transaction. Backed by media capabilities, strong industry connections and a deep understanding of the commercial real estate market, our departments possess extensive capacity to strategically list real estate and generate outstanding outcomes.
PRODUCT SOURCING Our products and materials have been carefully selected based on years of product research sourcing and establishing close working relations with industry partners domestically and internationally. Meraki Corporation utilizes reliable, cost-effective products to produce quality projects with efficient execution.
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M E R A K I C O R P O R AT I O N
C O M P E T I TO R S Current competitors on the market include other co-working spaces that offer businesses the opportunity to operate in modern, turnkey offices. The co-working concept is a situation in which different companies share office spaces and conference rooms to allow cost savings through the use of common infrastructure. Meraki Buildings offer the privacy that traditional offices allow by offering private office suites for individual businesses, while still providing the modern aesthetic and premium amenities that coworking spaces provide.
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✓ / - M AY B E I N C L U D E D AT A D D I T I O N A L C O S T
× N OT I N C L U D E D
FLOOR PLAN LOBBY
P R I VAT E O F F I C E S
PRI VATE CON F E RENCE ROOM P R I VAT E K I T C H E N E T T E
MERAKI BUILDING
TRADITIONAL OFFICE
WEWORK
REGUS
✓
✓
✓ ✓
✓/× ×
✓/× ×
✓ ✓ ✓ ✓ ✓ ✓
✓ ✓ ✓ ✓ ✓ ×
✓ ✓ ✓ ✓ ✓ ×
× × × × × ×
✓
×
×
×
36 - 60 MONTHS
FLEXIBLE
FLEXIBLE
36 - 60 MONTHS
✓ ✓
× ✓ ✓ ×
AMENITIES FURNITURE
MODERN AESTHETIC PHONE BOOTHS
N EW H VAC & PLU M BI NG
SHARED RECEPTIONIST SECURITY GUARD
SNACKS & BEVERAGES L E A S E D E TA I L S LEASE TERMS
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SUITE 101 CONFERENCE CONCEPT
WEWORK Provides flexible shared workspaces in the form of private offices, dedicated desks, and hot desks and associated amenities to workers such as freelancers, entrepreneurs, and startup companies. Regus: Provides a network of office, co-working, and meeting spaces and amenities to allow clients to operate businesses without the need for set-up costs or capital investment.
TRADITIONAL OFFICE
TRADITIONAL OFFICE
Fixed-term lease of offices with permanent walls. Offices are unfurnished and tenant improvements may or may not be negotiated into the lease agreement.
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Building Process
THE MERAKI BUILDING
"Meraki Buildings will provide the intimacy of operating within a personal space, while still allowing the benefit of collaboration in an open floor plan office.
SUITE 102 CONCEPT
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PROPERTY SELECTION AND PURCHASE Subject properties for Meraki Buildings are selected based on 2 primary considerations:
• C O N D I T I O N
We target B or C class buildings with low tenancy that allow us the opportunity to renovate and re-design the vision of the building and purchase the building at a lower price point.
• L O C AT I O N
Meraki Buildings will be strategically located in areas with positive growth trends and target demographics. The surrounding businesses, restaurants, ease of freeway access, job market, local tenancy and the area’s safety will be researched thoroughly to guarantee that products and services of the Meraki Building will meet the needs of the local demographic.
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M E R A K I C O R P O R AT I O N
T H E R E N OVAT I O N Renovation will include construction, MEP, architecture, design, landscape, and furniture installation. The expected renovation period can be expected to take 3-6 months. Each building will be renovated as fully-furnished private office suites, designed to create inspirational and motivational company cultures. • Suites will hold a combination of private offices, conference rooms, kitchenettes, huddle rooms, and open floor plans, with each suite ranging from 1000 to 3000 SF. • HVAC systems will be routed to allow optimal airflow.
• Furniture will be provided with pieces that are integrated with the needs of the modern employee: height-adjustable tables, desks with built-in charging stations, telephone booths.
M E R A K I C O R P O R AT I O N
SCOPE OF WORK TERMITE INSPECTION E X T E R I O R R E N OVAT I O N INTERIOR DEMOLITION RECONSTRUCTION • WA L L S
• WINDOWS
• FLOORING
• H VAC , P L U M B I N G , E L E C T R I C A L S • E L E VAT O R R E F U R B I S H
I N S TA L L AT ION OF S OL A R PA N E L S
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SUITE 102 CONCEPT
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SUITE 102 CONCEPT
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M E R A K I C O R P O R AT I O N
LEASING • The leasing process will begin during the start of construction, marketed through digital renderings and space plans. Leasing at this stage will allow tenants the opportunity to customize their office suite floor plan and allow lease terms to begin as soon as construction is completed.
• Desired lease terms are a minimum of 3-5 years.
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2ND FLOOR CONCEPT
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Subject Property
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1 9 4 0 E 1 7 T H S T, S A N TA A N A , C A 9 2 7 0 5
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Property Summary
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SUBJECT PROPERTY
The Gelman Building at 1940 E 17th St sits on an active street on the eastern side of the city of Santa Ana, bordering the city of Tustin and in close proximity to the 55 FWY. This 9,912 SF jewel box office property was constructed in 1968 and sits on a 0.4 AC lot. It is an elevator-served two-story building that was renovated last in 1999, when it was sold to the current owner-occupant. SF
AC LOT
9912 0.4
B U I LT
1968
CLASS
B
FLOORS PA R K I NG R AT IO ASKING
2 - E L E VAT O R S E RV E D 3.20:1000 $2,200,000 ($221.95/SF)
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C2 Property Location SUBJECT PROPERTY
Location was the most important consideration in our selection of the property. We understand that while our building condition may change, our location will not. We also understand that in commercial property valuations, the proximity to markets, warehouses, transport hubs, and freeways play important roles.
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LARGE-SCALE The proximity to markets, warehouses, transport hubs, and freeways played important roles in the selection of 1940 E 17th St as a subject property for a Meraki Building. The building is located in the city of Santa Ana, bordering the city of Tustin, and located just 8 miles from Irvine. In 2019, Irvine was reported as the 3rd fastest growing city in California, growing at a rapid rate of 29% since 2010. Research shows that in order to accommodate larger populations, cities physically expand outwards as they experience rising densities. We can thus reasonably expect that as Irvine reaches capacity, the neighboring towns will come to experience the impact of its growth. The future job growth of Tustin is predicted to increase 32.3% over the next ten years, and Santa Ana is expected to grow by 31.7%. These trends indicate the fertility of the area for economic growth in the coming years.2 Santa Ana is also expecting many major planned developments in the near future that will certainly elevate the city. Such developments include the approved $300M plan to transform MainPlace Mall into a mixed-use destination3 and the OC Streetcar which will broach the reach of the system to reach key employment, population, and activity centers.
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S T R E E T- L E V E L 17th Street itself is a main street in the area, generating a daily traffic count of 31,000 vehicles. The building is sandwiched between two office buildings with many other commercial structures in the surrounding area. There is a lack of newly renovated buildings in the local vicinity. Meraki Buildings will bring to the local market office spaces that are currently lacking in inventory. We will create environments for the average company that will foster the engagement and level of productivity that is experienced by top-grossing companies today.
S M A L L- S C A L E The building is easily accessible, just 5 minutes from the I-5 and 55 freeways, and in close proximity to large shopping centers containing major retailers such as Staples, Michaels, and Albertsons, The area immediately north of the building is a residential area with elementary and middle schools in a 2 mile radius. The safety of the neighborhood was an important factor in our selection. Despite having high traction and a large population, Santa Ana is considered one of the safest cities when compared to similarly sized populations.
M E R A K I C O R P O R AT I O N
COMMUTER RAIL
DRIVE
D I S TA N C E
Santa Ana Commuter Rail (Orange County, Inland EmpireOrange County Lines)
5MIN
1.6MI
Orange Commuter Rail (Orange County, Inland EmpireOrange County Lines)
7MIN
2.9MI
AIRPORT
DRIVE
D I S TA N C E
John Wayne Airport
9MIN
7.4MI
Long Beach-Daugherty Field Airport Ontario International Airport
25MIN
39MIN
22.0MI
36.0MI
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Demographics Overview THE MERAKI BUILDING
VAC A N C Y R AT E In the first quarter of 2019, the vacancy rate of Park Center and Orange County averaged at 9.5% and 10%, respectively. These vacancy rates are projected to remain steady until the first quarter of 2024. The Gelman building is currently owner occupied, which records it at a 0% vacancy rate. Once planned renovations are completed, we are confident the leasing ability of the property will maintain its current status due to the unique opportunity it provides to the surrounding area. The market for offices has seen increased demand, leading to decreased vacancies since 2010. The strength of the market demand is projected to remain stable for the next 5 years.
Vacancy Rate
20%
Forecast
18%
16%
14%
12%
10%
8%
6%
4%
2%
0%
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S A N TA A N A P O P U L AT I O N G RO W T H T R E N D Santa Ana’s population has been growing since the 1950s, and is estimated to soon surpass 334,000 residents. According to the most recent trends, it is expected to increase at a rate of 3% per year. It stands as the 57th largest city in the US by population and the 11th largest city in the state.
— — 350K — 300K — 250K
P O P U L AT I O N
— 200K — 150K — 100K — 50K — 0 1880
1900
1920
1940
1960
1980
2000
YEAR
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S A N TA A N A P O P U L AT I O N DEMOGRAPHICS
3.5% 11.6%
THE MEDIAN AGE OF ITS RESIDENTS IS 31
Santa Ana is a diverse city, with almost 46% of the population identifying as white, over 10% Asian, and over 78% of the population Hispanic or Latino. Santa Ana’s population is relatively young - the median age of its residents is 31 years old. The largest age group is the 25-44 group, which make up over 31% of the population. Over 30% are under the age of 18, and just 6.8% are over the age of 65. This makes Santa Ana a city full of potential for development and growth through the fostering of its young population.
RACE 40.7% 44.2%
■ WHITE ■ SOME OTHER RACE ■ ASIAN
■ BLACK OR AFRICAN AMERICAN/ AMERICAN INDIAN AND ALASKA NATIVE/ NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDER/ TWO OR MORE RACES
M E R A K I C O R P O R AT I O N
P O P U L AT I O N B Y R AC E
P O P U L AT I O N
White
147,795
American Indian and Alaska Native
1,941
Black or African American Asian
Native Hawaiian and Other Pacific Islander Some Other Race
Two or More Races
3,453
38,651 915
136,200 5,538
73
74
M E R A K I C O R P O R AT I O N
S A N TA A N A M E D I A N AG E Total
80
70
60
There are 242,413 adults, (27,128 of whom are seniors) in Santa Ana.3 , 4 5 3
50 45 40
S A N TA A N A AG E D E P E N D E N C Y
35 30
Age Dependency Ratio
55.4
Child Dependency Ratio
42.8
Old Age Dependency Ratio
25 20 15 10
Female
0 5,000
Male Population
10,000
15,000
Male
Female Population
Santa Ana Median Age
31
30.7
12.6
S A N TA A N A S E X R E T I O
5
5,000
31.5
S A N TA A N A A D U LT S
55
10,000
30.7
Female
65
15,000
31
Male
75
31.5
165,508 168,985
49.48% 50.52%
M E R A K I C O R P O R AT I O N
SUMMARY
77
76
D1
M E R A K I C O R P O R AT I O N
The Summary SUMMARY
Small and mid-sized companies confront the obstacle of five major expenses in the development of a modern office:
• • • • •
L E A S E PAY M E N T: INITIAL 1ST MONTH & DEPOSIT ARCHITECTURALS DESIGN CONSTRUCTION FURNISHING
Meraki Interior Design is launching Meraki Buildings to fill the void in the current commercial real estate market for affordable, modern private office suites for small and mid-sized business. These buildings will feature turnkey suites that will foster the establishment of company cultures that inspire everyday operations. Meraki Buildings will transform ordinary, traditional offices into spaces that promote personal fulfillment, growth, and community.
58
M E R A K I C O R P O R AT I O N
MONARCH CAPITAL REALTY
S A M P L E C O S T- S AV I N G S M O D E L 1000 SF 3 YEAR TERM
MERAKI BUILDING
TRADITIONAL BUILD-OUT
RENT
$135,000.00 (@$3.75/SF)
$86,400.00 (@$2.40/SF)
INTERIOR DESIGN
NA
$2,000.00
ARCHITECTURALS
NA
$8,000.00
CONSTRUCTION
NA
$80,000.00
FURNITURE
NA
$16,000.00
T O TA L
$135,000.00
$192,400.00
M E R A K I B U I L D I N G S AV I N G S $ 5 7 , 4 0 0 . 0 0
Meraki Interior Design is launching Meraki Buildings to fill the void in the current commercial market for affordable, modern private office suites for small and mid-sized business. These buildings will feature turnkey suites that will foster the establishment of company cultures that inspire everyday operations. Meraki Buildings will transform ordinary, traditional offices into spaces that promote personal fulfillment, growth, and community.
58
MERAKI INTERIOR DESIGNS
85
86
M E R A K I C O R P O R AT I O N
PLEASE SCA N A N D WATCH THE M E RA KI BUILDIN G VI DE O 1940 E 17 t h S T SANTA A N A , CA 9270 5 949.288.2 5 4 6