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Redevelopment Opportunity Urban Core - Pomona, CA
Available as a Portfolio or Individually
www.PomonaRedevelopment.com
F O R S A LE Potential for Up to ±3.41 Acres
Transit Oriented Development
Neighborhood
Pomona Redevelopment
Pomona Redevelopment
Property Descriptions
Area Overview
Rent Comparables
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www.PomonaRedevelopment.com
Table of Contents
LAURIE LUSTIG-BOWERExecutive Vice President+1 310 550 2556laurie.lustig-bower@cbre.comLic. 00979360
KAMRAN PAYDAR Vice President +1 310 550 2529kamran.paydar@cbre.comLic. 012425920
KYLE BARRATT Vice President+1 818 907 4650kyle.barratt@cbre.comLic. 01900653
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N. Garey Ave.N. Garey Ave.
W. Holt Ave.
W. Holt Ave.
W. Center St.
W. Center St.
N. Main St.N. Main St.
CHALVIS R. EVANSManaging Director+1 818 907 4635chalvis.evans@cbre.comLic. 01318400
The OpportunityCBRE, Inc., as exclusive agent, is pleased to present for sale a portfolio of properties in the heart of Pomona, Los Angeles County, California. The properties can be purchased as a portfolio or individually or in any combination.The offering presents a compelling multifamily mixed-use redevelopment opportunity in the urban core of Pomona, the seventh largest city in Los Angeles County.
The Seller has an Exclusive Negotiating Agreement with the City to acquire an adjacent +/-1.24 acre parcel (currently a parking lot) at no cost with the condition that up to 90 parking spaces be provided for public parking in a new development. A copy of this agreement is in the property website: www.PomonaRedevelopment.com
The properties boasts outstanding Walk Scores of 91-to-94 out of 100 – a “Walker’s Paradise” – and is proximate to Pomona City Hall, Western University of Health Sciences, and Pomona’s Downtown Art Colony.The local community supports dynamic business enterprises including the annual Los Angeles County Fair which generates a national economic impact of over $250 million. A variety of lifestyle and recreational amenities are close to the properties, including a weekly Certified Farmers Market, monthly Artwalk gatherings, parks, and convenient access to the San Gabriel mountains.
ADDRESS LAND SF ACRES APN1 221 W. Holt Avenue ±43,996 ±1.01 8336-014-0272 499 N. Garey Avenue
441 N. Garey Avenue415 N. Garey Avenue
±25,058±9,226±8,524
±0.58±0.21±0.20
8336-022-0158336-022-0078336-022-008
3 383 N. Main Street ±7,796 ±0.18 8336-024-008
SUB TOTAL ±94,600 ±2.17
4 109 W. Center Street (City parking lot) ±54,014 ±1.24 8336-022-901
The Seller has an Exclusive Negotiating Agreement in place with the City to acquire this parking lot at no cost as long as a new development provides up to 90 parking spaces for public parking.
TOTAL- POTENTIAL UP TO ±148,614 ±3.41
Metrolink’s Downtown Pomona commuter rail train platform is located a few blocks from the properties and provides direct access to Downtown Los Angeles/Union Station to the west and Downtown Riverside to the east, with points in between. Additionally, the Metrolink San Bernadino Line rail platform is approximately two miles away.Transportation linkages via Interstate 10 along with State Routes 57, 60 and 71 connect Pomona to Greater Los Angeles, San Bernardino and Riverside. The properties are an approximately 30-minute drive to Downtown Los Angeles and 15 minutes to Ontario International Airport.The properties are being offered to the market on an unpriced basis and can be purchased as a portfolio or individually or in any combination of the below groups: 1, 2 and 3. Buyers should indicate in their offers if they intend to pursue the City parking lot through the Seller’s Exclusive Negotiating Agreement.
Bwww.PomonaRedevelopment.com
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1 221 W. Holt Avenue2 499 N. Garey Avenue
441 N. Garey Avenue415 N. Garey Avenue
3 383 N. Main Street
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© 2019 Google
© 2019 Google
© 2019 Google
221 W. Holt Ave.
N.M
ain
St.
N.M
ain
St.
N.G
arey
Ave
.N
.Gar
ey A
ve.
W. Center St.W. Center St.
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W. Holt Ave.W. Holt Ave.
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499 N. Garey Ave.
441 N. Garey Ave.
415 N. Garey Ave.
383 N. Main St.
109 W. Center St.
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2
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South View
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DOWNTOWN POMONADowntown Pomona is a safe, clean, friendly, historic mixed-use urban neighborhood that serves as a regional destination for the arts, antiques, retail and entertainment and is the center for commerce, education and culture within the diverse community.
North View
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Opportunity Highlights
Excellent Location in the Heart of Downtown
Pomona.
A “Walker’s Paradise”. Outstanding Walk Scores of 91-to-94
Out of 100.
Acquire Up to a ±3.41-Acre Assemblage
With Redevelopment Potential for Multifamily
Mixed-Use.
Exclusive Negotiating Agreement With City of
Pomona for Adjacent ±1.24-Acre Parcel.
Proximate to Pomona Civic, Educational, and
Cultural Amenities.
Close to Two Metrolink Commuter Rail Train
Platforms.
Freeway Linkages to Greater Los Angeles, San Bernardino, and
Riverside.
Located in a Transit Oriented Development
Neighborhood.
88www.PomonaRedevelopment.comwww.PomonaRedevelopment.com
99999www.PomonaRedevelopment.comwww.PomonaRedevelopment.com
N. Garey Ave.N. Garey Ave.
E. Commercial St.
E. Commercial St.
E. Monte
rey Ave.
E. Monte
rey Ave.
W. C
ente
r St.
W. C
ente
r St.
W. H
olt
Ave
.W
. Ho
lt A
ve.
N. Gordon St.N. Gordon St.
Property Descriptions
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1010www.PomonaRedevelopment.comwww.PomonaRedevelopment.com
1 Address 221 W. Holt Ave.Pomona, CA 91768
Land Size ±43,996 SF±1.01 Acres
APN 8336-014-027
Zoning Corridors SP - Downtown
Lease None
Parking ±84 Spaces
Entitled No
City Council District Council District 1Council Member Rubio R. Gonzalez
The Property has a Walk Score of 91
1N. Main St.
N. Main St.
W. Holt Ave.W. Holt Ave.
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Pomona Specific Planhttp://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf
Address 499 N. Garey Ave.Pomona, CA 91768
Land Size ±25,058 SF±0.58 Acres
APN 8336-022-015Zoning Corridors SP - DowntownExisting Building Size ±13,666 SFYear Built 1962Lease VacantEntitled No
City Council District Council District 1Council Member Rubio R. Gonzalez
2A
Address 441 N. Garey Ave.Pomona, CA 91768
Land Size ±9,226 SF±0.21 Acres
APN 8336-022-007Zoning Corridors SP - DowntownExisting Building Size ±8,516 SFYear Built 1952Lease Partially Occupied; Month-To-MonthEntitled No
City Council District Council District 1Council Member Rubio R. Gonzalez
2B
2C
499 N. Garey Ave.
441 N. Garey Ave.
415 N. Garey Ave.
Pomona Specific Planhttp://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf
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The Properties have a Walk Score of 94
2A2B
2C
N. Gare
y Ave
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N. Gare
y Ave
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W. Holt Ave.W. Holt Ave.
www.PomonaRedevelopment.com
2A
2B
2C
Address 415 N. Garey Ave.Pomona, CA 91768
Land Size ±8,524 SF±0.20 Acres
APN 8336-022-008Zoning Corridors SP - DowntownExisting Building Size ±8,238 SFYear Built 1928Lease Partially Occupied; Month-To-MonthEntitled No
City Council District Council District 1Council Member Rubio R. Gonzalez
1212www.PomonaRedevelopment.comwww.PomonaRedevelopment.com
The Property has a Walk Score of 91
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N. Main St.
N. Main St.
W. Center St.
W. Center St.
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Address 383 N. Main St.Pomona, CA 91768
Land Size ±7,796 SF±0.18 Acres
APN 8336-024-008Zoning Corridors SP - DowntownExisting Building Size ±2,400 SFYear Built 2003Lease Month-To-MonthEntitled No
City Council District Council District 1Council Member Rubio R. Gonzalez
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Pomona Specific Planhttp://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf
1313www.PomonaRedevelopment.comwww.PomonaRedevelopment.com
Address 109 W. Center St.Pomona, CA 91768
Land Size ±54,014 SF±1.24 Acres
APN 8336-022-901
Zoning Corridors SP - Downtown
Parking Up to 90 Spaces
Entitled No
City Council District Council District 1Council Member Rubio R. Gonzalez
Pomona Specific Planhttp://ci.pomona.ca.us/mm/comdev/plan/pdf/csp/PublicReviewDraft_2013-06-24_CorridorsSpecificPlan_web.pdf
The Property has a Walk Score of 94
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N. Main St.N. Main St.
N. Garey Ave.N. Garey Ave.
W. Center St.
W. Center St.
W. Holt Ave.
W. Holt Ave.
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The Seller has an Exclusive Negotiating Agreement in place with the City to acquire this parking lot at no cost as long as a new development provides up to 90 parking spaces for public parking.
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The fee simple building located at 154-160 W. Holt Avenue in Pomona, CA (“Property”) is also available for sale. Approximately 10,375 SF of 3-story retail/office situated on the main thoroughfare of Holt Avenue, nearby Downtown Pomona. The property is well-located with numerous adjacent retail amenities and nearby public transportation. Previously used as a Banquet Hall and zoned for general commercial (to be reused as office, commercial or residential), this property offers an owner/user the unique ability to occupy a building nearby the rapidly improving Downtown Pomona corridor.
Also Available – Separate Offering By Same Owner
154-160 W. Holt Avenue Offering Brochure Available in the Data Room at www.PomonaRedevelopment.com
154-160 W. Holt Avenue Also Available -
Separate Offering By Same Owner
N. Main St
N. Main St..
N. Garey Ave
N. Garey Ave..
W. Holt Ave.W. Holt Ave.
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Property Address 154-160 W. Holt Ave. Pomona, CA 91768
Asking Price $1,750,000Total Building Area ±10,375 SFLand Area ±7,569 SFAPN 8336-022-002Stories 2Year Built 1929Frontage ±63’ (W. Holt Avenue)Percentage Vacant 100%
Zoning Pomona Corridors Specific Plan – Neighborhood Center
Uses* Reuse for Office, Retail, or Residential
Parking Abundant Free Surface Parking directly behind the Property (City owned lot)
* Please contact the City Planning Department to verify all zoning and use related questions.
(Continued)
• Elegant Spanish Revival Style• Character-Defining Architectural Features• Wrought Iron Window Tracery • Wrought Iron Balconettes • Arched Façade Opening With Wood Doors and Surrounding Glass • Half-Round Metal-Framed Windows With Tinted Glass • Parapet Wall False Roof Eaves
154-160 W. Holt Avenue Offering Brochure Available in the Data Room at www.PomonaRedevelopment.com
Description
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Area Overview
N. Garey Ave.
N. Garey Ave.
E. Monterey Ave.
E. Monterey Ave.
W. Holt Ave.
W. Holt Ave.
N. Main St.
N. Main St.
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1616www.PomonaRedevelopment.comwww.PomonaRedevelopment.com
POMONAOn January 6, 1888, Pomona was incorporated as a City and became a charter City in 1911. Today, Pomona is the seventh largest city in Los Angeles County, with a population of over 151,000 residents. Pomona boasts a progressive economy, business opportunity, and a strong workforce with attractive shopping, recreational, and real estate offerings. The Pomona Valley had been a fruitful valley in the past and is now fruitful from the strength and efforts of its people. With a vision to promote harmonious diversity and economic prosperity, Pomona is vibrant community with progressive citizens leading, testing the limits of progress, and striving to provide a high quality of life for all of Pomona.
(www.ci.pomona.ca.us)
Pomona Downtown Metrolink Station
1717www.PomonaRedevelopment.comwww.PomonaRedevelopment.com
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221 W. Holt Ave.
499 N. Garey Ave.
441 N. Garey Ave.
415 N. Garey Ave.
383 N. Main St. 109 W. Center St.
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Pomona Redevelopment
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Pomona Amenities
MAJOR EMPLOYERS• Pomona Unified School District • Pomona Valley Hospital Medical Center• California State Polytechnic University Pomona• Lanterman Developmental Center• City of Pomona• Casa Colina Rehabilitation Center• Verizon• County of Los Angeles Department of Social Services• First Transit• Cal Spas
1919www.PomonaRedevelopment.comwww.PomonaRedevelopment.com
20www.PomonaRedevelopment.com
EDUCATION
Western University of Health Sciences is one of the largest graduate schools for the health professions in California. Alumni from this university are ranked among the top leaders in health care and medicine throughout the country and the world. The university offers 9 health sciences colleges and 20 degree programs, supported by approximately 1,100 employees. Its main campus in Southern California is one of the most thriving enterprises in the Pomona and Inland Valleys.
California State Polytechnic University, Pomona (Cal Poly Pomona) is a public polytechnic university established in 1938 and located in Pomona, California. It is only one of the seven polytechnic universities in the United States. Cal Poly Pomona has the oldest and largest hospitality management college in California. Also, it has the largest civil engineering student populations in the nation. Cal Poly Pomona offers 94 Bachelor’s degrees, 39 Master’s degrees, 13 teaching credentials, and a doctorate across 9 distinct academic colleges.
University of La Verne was founded in 1891 as a private not-for-profit university in La Verne, California that offers both undergraduate and graduate programs. More specifically, the university is composed of the College of Arts & Sciences, College of Business & Public Management, College of Education and Organizational Leadership, and College of Law.
The Claremont Colleges is a collaboration of five highly selective undergraduate colleges and two graduate institutions. The Colleges include Pomona College, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College, Claremont Graduate University, and Keck Graduate Institute. Each acedemic institution has its own campus, students, faculty, and mission.
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TRANSPORTATION
North Hollywood
Wilshire/Western
Chatsworth
Santa Monica
7th/Metro
Norwalk
Long Beach
Redondo Beach
APU/Citr
us Colle
ge
Atlantic
San D
iegoSo
lana
Beac
h
Ocean
side
San C
lemen
te Pie
r
Limited
Servic
e
Escond
ido
Riverside-Downtown
Riverside-La Sierra
Irvine
Tustin
Buen
a Par
k
Santa
Ana
Glenda
leBurb
ank -
Dow
ntown
Anahe
im
San Juan Capistrano
Fulle
rton
Norwalk
/San
ta Fe
Sprin
gs
Lagu
na N
iguel/
Mission
Viej
o
San C
lemen
te
Orange
Oxnard
Camari
llo
Moorp
ark
Simi V
alley
Chatsw
orth
Ventu
ra - E
ast
Ventu
ra
Northr
idge
Van N
uys
AnaheimCanyon
Corona
-
North
Main
Montcl
air
Baldw
in Pa
rk
El Mon
te
Cal Sta
te L.A
.
Sylmar/San Fernando
Burb
ank A
irpor
t -
South
(VC Li
ne)*
Covina
San B
ernard
ino D
epot*
*
San B
ernard
ino -
Downto
wn
Clarem
ont
Upland
Commerc
e
Monteb
ello/
Commerc
e
Jurup
a Vall
ey/
Pedle
y
Sun V
alley
Ontario
- Eas
t
Indust
ryPo
mona -
Downto
wn
Pomon
a - N
orth
Corona
- West
Place
ntia
Future
Station
Fonta
na
Ranc
ho C
ucam
onga
Rialto
Lancaster
Palmdale
Vincent Grade/Acton
Via Princessa
Santa Clarita
Newhall
Perris - South
Burb
ank A
irpor
t -
North
(AV Line
)
Perris -Downtown
Moreno Valley/March Field
Riverside-Hunter Park/UCR
SAN BERNARDINOCO.
RIVERSIDECO.
SAN DIEGOCO.
LOS ANGELESCO.
PACI F IC O CEAN
VENTURACO.
ORANGECO.
L.A. U
nion S
tation
metrolinktrains.com
Effective April 3, 2017
Antelope Valley Line
91/Perris Valley Line
Ventura County Line
San Bernardino Line
Riverside Line
Orange County Line
Inland Empire-Orange County Line
Station Served byMultiple Lines
LAX FlyAway Bus
Amtrak Pacific Surfliner
* Formerly Burbank/Bob Hope Airport Station** Formerly San Bernardino Station
Future Station
CoasterOceanside to San Diego
SprinterOceanside to Escondido
Metro Rail/Metro Bus
NMAP NOT TO SCALE
METROLINK COMMUTER RAIL SYSTEM
Effective May 14, 2018
Subject Properties
Pomona
-
Pomona
-
Downtown
Downtown
APU/Citru
s Colle
ge
APU/Citru
s Colle
ge
AtlanticAtlantic
GOLD LINE RAIL EXTENSIONGOLD LINE RAIL EXTENSIONFOOTHILL TO MONTCLAIRFOOTHILL TO MONTCLAIR
Glendora
Glendora
San Dim
as
San Dim
as
La Vern
e
La Vern
e
Pomona
Pomona
Claremont
Claremont
Montc
lair
Montc
lair
The Metrolink Pomona - Downtown Station, served by the Riverside Line, is approximately a 4-7 minute walk from the Properties. Metrolink Pomona North Station, served by the San Bernardino Line, is approximately two miles away.
The Foothill Gold Line from Glendora to Montclair is a 12.3-mile extension of the Metro Gold Line light rail system. The project will add new Gold Line stations in the cities of Glendora, San Dimas, La Verne, Pomona, Claremont and Montclair. The future Pomona Station
will be located northeast of the Pomona North Metrolink station (east of Fulton Road and west of Garey Avenue).
22www.PomonaRedevelopment.com
RECREATION
Fairplex is located in Pomona, and is the name for the 487 acres that Los Angeles County Fair Association (LACFA) uses for conducting the Los Angeles County Fair and year-round businesses. The LA County Fair is the largest of all the county fairs in California in terms of acreage, revenue and employees. The LA County Fair is held each September, and generates a national economic impact of more than $250 million.
Raging Waters, located in San Dimas is California’s largest water park. Raging Waters is landscaped over 50 acres of water slides and attractions for all different ages, offering a family fun outing for everyone. It features more water rides than any other water park in Southern California. Last but not least, it is surrounded by various fast food chain restaurants, making it very convenient to take a break to eat and return.
Fairplex.com
San Gabriel MountainsDowntownPomona.com - Artwalk
Raging Waters
N. Gare
y Ave.
N. Gare
y Ave.E. Monterey Ave.
E. Monterey Ave.
W. Holt Ave.
W. Holt Ave.
Rent Comparables
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2323www.PomonaRedevelopment.comwww.PomonaRedevelopment.com
24www.PomonaRedevelopment.com
RENT COMPARABLES MAP
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Monterey Station
Helix at University Village
777 Place
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1 349 Units
180 East Monterey Avenue
Pomona, CA 91767
(909) 620-1155
Completed Date
December, 2014
Improvements Rating B+
Location Rating C
Occupancy 98.0%
Common Area Amenities - Fitness Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 733 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens
Monterey Station
Unit Type Unit Size (SqFt) Actual RentUnit Description Count % of Total Unit Total Total SqFt
Studio 34 9.74% 384 13,056 $1,493 $3.89
Studio 24 6.88% 401 9,624 $1,535 $3.83
Loft/Studio 19 5.44% 565 10,735 $1,616 $2.86
Live-Work 34 9.74% 641 21,794 $1,556 $2.43
Live-Work 4 1.15% 975 3,900 $1,991 $2.04
One Bedroom 60 17.19% 618 37,080 $1,495 $2.42
One Bedroom 12 3.44% 641 7,692 $1,586 $2.47
One Bedroom 92 26.36% 648 59,616 $1,658 $2.56
Two Bedroom/One Bath 4 1.15% 831 3,324 $1,935 $2.33
Two Bedroom/One Bath 10 2.87% 880 8,800 $1,726 $1.96
Two Bedroom/One Bath 8 2.29% 915 7,320 $1,871 $2.04
Two Bedroom/One Bath 1 0.29% 944 944 $1,889 $2.00
Two Bedroom/One Bath 6 1.72% 946 5,676 $1,977 $2.09
Two Bedroom/Two Bath 3 0.86% 956 2,868 $1,842 $1.93
Two Bedroom/Two Bath 13 3.72% 972 12,636 $1,879 $1.93
Two Bedroom/Two Bath 9 2.58% 978 8,802 $1,895 $1.94
Two Bedroom/Two Bath 16 4.58% 1,075 17,200 $2,295 $2.13
Total/Average 349 100% 662 231,067 $1,656 $2.50
Page 4 of 4
Source: Occupancy data derived from USPS records
MONTEREY STATION 349 Units 180 East Monterey Avenue Pomona, CA 91767 (909) 620-1155
Completed Date December, 2014
Improvements Rating: B+Occupancy: 98.0%
349 Units
180 East Monterey Avenue
Pomona, CA 91767
(909) 620-1155
Completed Date
December, 2014
Improvements Rating B+
Location Rating C
Occupancy 98.0%
Common Area Amenities - Fitness Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 733 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens
Monterey Station
Unit Type Unit Size (SqFt) Actual RentUnit Description Count % of Total Unit Total Total SqFt
Studio 34 9.74% 384 13,056 $1,493 $3.89
Studio 24 6.88% 401 9,624 $1,535 $3.83
Loft/Studio 19 5.44% 565 10,735 $1,616 $2.86
Live-Work 34 9.74% 641 21,794 $1,556 $2.43
Live-Work 4 1.15% 975 3,900 $1,991 $2.04
One Bedroom 60 17.19% 618 37,080 $1,495 $2.42
One Bedroom 12 3.44% 641 7,692 $1,586 $2.47
One Bedroom 92 26.36% 648 59,616 $1,658 $2.56
Two Bedroom/One Bath 4 1.15% 831 3,324 $1,935 $2.33
Two Bedroom/One Bath 10 2.87% 880 8,800 $1,726 $1.96
Two Bedroom/One Bath 8 2.29% 915 7,320 $1,871 $2.04
Two Bedroom/One Bath 1 0.29% 944 944 $1,889 $2.00
Two Bedroom/One Bath 6 1.72% 946 5,676 $1,977 $2.09
Two Bedroom/Two Bath 3 0.86% 956 2,868 $1,842 $1.93
Two Bedroom/Two Bath 13 3.72% 972 12,636 $1,879 $1.93
Two Bedroom/Two Bath 9 2.58% 978 8,802 $1,895 $1.94
Two Bedroom/Two Bath 16 4.58% 1,075 17,200 $2,295 $2.13
Total/Average 349 100% 662 231,067 $1,656 $2.50
Page 4 of 4
Source: Occupancy data derived from USPS records
Common Area Amenities: Fitness Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand Alone
Parking: Total Parking - 733 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - Grade Level
Functional Characteristics:Private Balcony/Patio, Construction Type - Frame
Apartment Interior Amenities: Internet Access, Above Standard Ceiling Height, Microwave Ovens
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26www.PomonaRedevelopment.com
2100 Units
510 East 3rd Street
Pomona, CA 91766
(909) 865-1810
Completed Date
March, 2006
Improvements Rating C+
Location Rating C
Common Area Amenities - Controlled Access, One Laundry Facilities, Fitness Center, Business Center, Rental Office - Stand AloneParking - Total Parking - 150 Spaces, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio Top Floor Units Only, Construction Type - FrameApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens
Helix at University Village
Unit Type Unit Size (SqFt) Actual RentUnit Description Count % of Total Unit Total Total SqFt
Studio 24 24.00% 336 8,064 $1,249 $3.72
One Bedroom 24 24.00% 588 14,112 $1,395 $2.37
Two Bedroom/One Bath 52 52.00% 835 43,420 $1,783 $2.14
Total/Average 100 100% 656 65,596 $1,562 $2.38
Page 3 of 4
Source: Occupancy data derived from USPS records
HELIX AT UNIVERSITY VILLAGE 100 Units 510 East 3rd StreetPomona, CA 91766 (909) 865-1810
Completed Date March, 2006
Improvements Rating: C+
Common Area Amenities: Controlled Access, One Laundry Facilities, Fitness Center, Business Center, Rental Office - Stand Alone
Parking: Total Parking - 150 Spaces, Parking Type - Grade Level
Functional Characteristics:Private Balcony/Patio Top Floor Units Only, Construction Type - Frame
Apartment Interior Amenities: Internet Access, Above Standard Ceiling Height, Microwave Ovens
100 Units
510 East 3rd Street
Pomona, CA 91766
(909) 865-1810
Completed Date
March, 2006
Improvements Rating C+
Location Rating C
Common Area Amenities - Controlled Access, One Laundry Facilities, Fitness Center, Business Center, Rental Office - Stand AloneParking - Total Parking - 150 Spaces, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio Top Floor Units Only, Construction Type - FrameApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens
Helix at University Village
Unit Type Unit Size (SqFt) Actual RentUnit Description Count % of Total Unit Total Total SqFt
Studio 24 24.00% 336 8,064 $1,249 $3.72
One Bedroom 24 24.00% 588 14,112 $1,395 $2.37
Two Bedroom/One Bath 52 52.00% 835 43,420 $1,783 $2.14
Total/Average 100 100% 656 65,596 $1,562 $2.38
Page 3 of 4
Source: Occupancy data derived from USPS records
27www.PomonaRedevelopment.com
3472 Units
777 East 3rd Street
Pomona, CA 91766
(909) 620-7275
Completed Date
January, 1986
Phase II June, 1986
Improvements Rating B-
Location Rating C
Occupancy 88.8%
Prior Names
Metropolitan at University Village, ThePlaza, The/Park
Common Area Amenities - Controlled Access, Nine Laundry Facilities, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 2 Spas, Rental Office - Stand AloneParking - Total Parking - 345 Spaces, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameApartment Interior Amenities - Internet Access, Normal Standard Ceiling Height, Microwave Ovens
777 Place
Unit Type Unit Size (SqFt) Actual RentUnit Description Count % of Total Unit Total Total SqFt
One Bedroom 35 7.42% 450 15,750 $1,367 $3.04
One Bedroom 5 1.06% 525 2,625 $1,392 $2.65
One Bedroom 90 19.07% 567 51,030 $1,493 $2.63
One Bedroom 10 2.12% 630 6,300 $1,519 $2.41
One Bedroom 132 27.97% 483 63,756 $1,458 $3.02
Two Bedroom/One and One Quarter Bath 70 14.83% 830 58,100 $1,792 $2.16
Two Bedroom/One and One Half Bath 20 4.24% 890 17,800 $1,869 $2.10
Two Bedroom/Two Bath 50 10.59% 912 45,600 $1,925 $2.11
Two Bedroom/One Bath 60 12.71% 714 42,840 $1,758 $2.46
Total/Average 472 100% 644 303,801 $1,613 $2.51
Page 1 of 4
Source: Occupancy data derived from USPS records
777 PLACE 472 Units 777 East 3rd Street Pomona, CA 91766 (909) 620-7275
Completed Date January, 1986
Phase II June, 1986
Prior NamesMetropolitan at University Village, The Plaza, The/Park
Improvements Rating: B- Occupancy: 88.8%
472 Units
777 East 3rd Street
Pomona, CA 91766
(909) 620-7275
Completed Date
January, 1986
Phase II June, 1986
Improvements Rating B-
Location Rating C
Occupancy 88.8%
Prior Names
Metropolitan at University Village, ThePlaza, The/Park
Common Area Amenities - Controlled Access, Nine Laundry Facilities, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 2 Spas, Rental Office - Stand AloneParking - Total Parking - 345 Spaces, Parking Type - Grade LevelFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameApartment Interior Amenities - Internet Access, Normal Standard Ceiling Height, Microwave Ovens
777 Place
Unit Type Unit Size (SqFt) Actual RentUnit Description Count % of Total Unit Total Total SqFt
One Bedroom 35 7.42% 450 15,750 $1,367 $3.04
One Bedroom 5 1.06% 525 2,625 $1,392 $2.65
One Bedroom 90 19.07% 567 51,030 $1,493 $2.63
One Bedroom 10 2.12% 630 6,300 $1,519 $2.41
One Bedroom 132 27.97% 483 63,756 $1,458 $3.02
Two Bedroom/One and One Quarter Bath 70 14.83% 830 58,100 $1,792 $2.16
Two Bedroom/One and One Half Bath 20 4.24% 890 17,800 $1,869 $2.10
Two Bedroom/Two Bath 50 10.59% 912 45,600 $1,925 $2.11
Two Bedroom/One Bath 60 12.71% 714 42,840 $1,758 $2.46
Total/Average 472 100% 644 303,801 $1,613 $2.51
Page 1 of 4
Source: Occupancy data derived from USPS records
Common Area Amenities - Controlled Ac-cess, Nine Laundry Facilities,Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 2 Spas,Rental Office - Stand Alone
Parking - Total Parking - 345 Spaces, Parking Type - Grade Level
Functional Characteristics - Private Balcony/Patio, Construction Type - Frame
Apartment Interior Amenities - Internet Access, Normal StandardCeiling Height, Microwave Ovens
28www.PomonaRedevelopment.com
Affiliated Business DisclosureCBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, properties and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the properties described in this Memorandum (the “Properties”), and may be the successful bidder for the Properties. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Properties. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).
Confidentiality AgreementYour receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Properties, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Properties (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.
If after reviewing this Memorandum, you have no further interest in purchasing the Properties, kindly return it to CBRE, Inc.
DisclaimerThis Memorandum contains select information pertaining to the Properties and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Properties. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Properties. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Properties may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Properties’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.
The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Properties, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.
© 2020 CBRE, Inc. All Rights Reserved.
CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the properties of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.
© 2020 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the properties. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the properties to determine to your satisfaction the suitability of the properties for your needs.
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LAURIE LUSTIG-BOWERExecutive Vice President+1 310 550 2556laurie.lustig-bower@cbre.comLic. 00979360
KAMRAN PAYDAR Vice President +1 310 550 2529kamran.paydar@cbre.comLic. 012425920
KYLE BARRATT Vice President+1 818 907 4650kyle.barratt@cbre.comLic. 01900653
www.PomonaRedevelopment.com
F O R S A LE Potential for Up to ±3.41 Acres
Transit Oriented Development
Neighborhood
Redevelopment Opportunity Urban Core - Pomona, CA
Available as a Portfolio or Individually
CHALVIS R. EVANSManaging Director+1 818 907 4635chalvis.evans@cbre.comLic. 01318400