Issuu on Google+

LAGUNA BEACH RETAIL LAGUNA BEACH, CALIFORNIA EXCLUSIVE INVESTMENT OFFERING

FEATURES: •

High Identity Retail Storefront Fronting South Coast Highway (Over 36,000 Cars Travel Along South Coast Highway Daily)

Hard-Corner Positioning with Excellent Ingress / Egress (Dedicated Left Turn Lane In / Out Provides Convenient Accessibility from Both Directions)

Highly Functional Freestanding Building Zoned C-1 Commercial (Unique Configuration Combined with C-1 Zoning Allows for Numerous Uses)

Exclusive Parking Lot (Private Parking Lot with Five (5) Spaces Exclusive to the Subject Property)

Affluent Surrounding Residential Population (Average Household Income within One Mile Radius: $200,000+)

Vibrant High-End Seaside Resort and Artist Community/Destination (Laguna Beach Attracts Over Three Million Visitors Annually)

Pacific Commercial Investments, Inc. 19772 MacArthur Boulevard, Suite 220, Irvine, CA 92612 Phone (949) 734-0132 | Fax (949) 723-5801 chris@pacificnnn.com The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of February 2011.


LAGUNA BEACH RETAIL LAGUNA BEACH, CALIFORNIA CONFIDENTIALITY This is a confidential marketing profile (the "Profile") intended solely for your limited use and benefit in determining whether you desire to express further interest in purchasing the "Property", located in Laguna Beach, CA. This Profile has been prepared by Pacific Commercial Investments, Inc. ("PCI") on behalf of the owner of the Property (the "Owner") and has been reviewed by representatives of the Owner. It contains select information pertaining to the Property and does not purport to be an all-inclusive representation of the state of affairs of the Property, or to contain all the information, which prospective investors may require. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and PCI. The information contained herein was obtained from third parties, and it has not been independently verified by PCI. Prospective investors should have the experts of their choice inspect the Property and verify all information. PCI is not qualified to act as or select experts with respect to legal, tax, environmental, building construction, soils-drainage or other such matters. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. Neither the Owner nor PCI, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy of completeness of this Profile or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Profile or use of its contents. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers on the subject Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Profile. The Owner shall have no legal commitment or obligation to any entity reviewing this Profile or making an offer on the Property unless and until written agreement(s) for the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner's obligations therein have been satisfied or waived. By receipt of this Profile, you agree that this Profile and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Profile or any of its contents to any other entity without prior written authorization of the Owner or PCI. You also agree that you will not use this Profile or any of its contents in any manner detrimental to the interest of the Owner or PCI. PCI reserves the right to submit the Property to additional clients on terms that may or may not be identical to the terms contained herein. By receipt of this Profile, you acknowledge that competing interests may develop in connection with offers on the Property, and waive any conflict of interest that might arise as a result thereof. In such case, PCI expressly disclaims any obligation to advance the interest of any client at the expense of any other client who may receive this Profile. Dealings with each client shall remain strictly confidential and in no case will PCI disclose the terms of any actual or potential offer to any competing client.

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


LAGUNA BEACH RETAIL LAGUNA BEACH, CALIFORNIA LOCATION & INVESTMENT The subject property is ideally located on the hard-corner of South Coast Highway and Center Street in the affluent beach community of Laguna Beach, California. Prominently positioned fronting South Coast Highway, where approximately 36,000 cars pass daily, the subject property benefits from excellent exposure to traveling consumers. South Coast Highway, also known by the names Pacific Coast Highway (PCH), Coast Highway and Highway 1, is the principal beach city thoroughfare running from San Diego along the coast all the way north through California to Oregon. Residents and visitors must travel along South Coast Highway when entering or exiting Laguna Beach, resulting in a consistent flow of consumer traffic passing the subject property daily. Directly behind and across from the subject property are the high end residential neighborhoods of Laguna Beach, benefiting the subject property with an affluent, well educated consumer base within walking distance. Additionally, there are multiple beachside hotels and resorts along South Coast Highway within walking distance of the subject property. Visitors looking to explore the Laguna Beach community need only walk a short distance to find themselves at the subject property. As a result, this location possesses the immediate potential to become a convenient option for surrounding residents and visitors alike, ultimately benefiting a new owner with excellent brand recognition instantly. The subject property stands apart from other similarly positioned commercial properties due to its’ low improvement cost per square foot. Comparable coastal properties available in the marketplace today in both Laguna Beach and neighboring beach cities are priced as high as $1,200 per square foot on the improvements. At just $325 per improvement square foot, the subject property provides a new owner with the unique opportunity to own a coastal retail property, fronting South Coast Highway, at a significantly discounted cost per square foot basis.

TRADE AREA DEMOGRAPHICS Incorporated in 1927, the City of Laguna Beach is a well known beach community located in the southern portion of Orange County, just south of Newport Beach and north of Dana Point. The second oldest city in Orange County, Laguna Beach’s seven miles of picturesque beaches, art festivals, and Pageant of the Masters attract several million visitors annually. According to the City of Laguna Beach, the total City population is approximately 25,334 people with over 11,000 households. The residential population is dominated by well educated professionals with an above average income, approximately 32% higher than the California state average in 2009. In 2009, nearly 30% of the population over 25 years in age had either a graduate or professional college degree. Additionally, in 2009 there were approximately 4,369 households and an average household income exceeding $200,000 within a one mile radius of the subject property. 3-MILE RADIUS PROFILE 2009 Average HH Income:

5-MILE RADIUS PROFILE $190,894

2009 Average HH Income:

$150,107

2009 Total Population:

32,051

2009 Total Population:

126,607

2009 Total Daytime Population:

36,222

2009 Total Daytime Population:

121,413

2009 Total Households:

15,639

2009 Total Households:

54,419

*Demographic information obtained from multiple sources. Please contact PCI to obtain detailed information. The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


LAGUNA BEACH RETAIL LAGUNA BEACH, CALIFORNIA INVESTMENT INFORMATION PROPERTY INFORMATION: Address:

1910 South Coast Highway, Laguna Beach, California 92651

Land:

7,500 Square Feet

Improvements:

First Floor: Mezzanine: Total:

APN:

4,500 Square Feet 2,500 Square Feet 7,000 Square Feet 644-273-13

Zoning:

C1 Local Business District

FINANCIAL INFORMATION: Price:

$2,275,000

Improvement Cost PSF:

$325

Terms:

All Cash or Cash to New Loan

PERMITTED USES The following uses are permitted at the subject property: • • • •

Bakery Barbershop Beauty Parlor Personal Service Shops

• • • •

Café Full Service Restaurant Handicraft Shops Laundry Service

• • • •

Food and Beverage Market Photo Gallery Theater Greenhouse / Nursery

The following uses are permitted at the subject property subject to a conditional use permit: • • • •

Alcohol Sales Auto / Bike Repair Church Take Out Restaurant

• • • •

Hospital Nursing Home Massage Parlor Recreation Facility

• • • •

Dance School Business College Tailor / Shoe Repair Office

Additional uses may also be permitted with approval by the Laguna Beach Planning Commission. Click the link below to access the City of Laguna Beach Zoning Code. Zoning Code

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


LAGUNA BEACH RETAIL LAGUNA BEACH, CALIFORNIA AERIAL PHOTO – INTERSECTION VIEW

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


LAGUNA BEACH RETAIL LAGUNA BEACH, CALIFORNIA PARCEL MAP

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


LAGUNA BEACH RETAIL LAGUNA BEACH, CALIFORNIA LOCATION MAPS

The above information is for reference purposes only, is approximate, and is subject to change. It is not guaranteed as to its accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2011.


BR - laguna Beach