+ All Categories
Home > Documents > 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The...

3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The...

Date post: 07-Aug-2020
Category:
Upload: others
View: 0 times
Download: 0 times
Share this document with a friend
13
3850 BARRANCA PKWY #F IRVINE, CALIFORNIA
Transcript
Page 1: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,

3850 BARRANCA PKWY #FIRVINE, CALIFORNIA

Page 2: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,

EXCLUSIVELY MARKETED BY

This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) and has been approved for distribution by the owner. Although effort has been made to provide accurate information, neither the owner nor EREG can warrant or represent accuracy or completeness of the materials presented herein or in any other written or oral communications transmitted or made available to the purchaser. Many documents have been referred to in summary form and these summaries do not purport to represent or constitute a legal analysis of the contents of the applicable documents. Neither owner nor EREG represents that this offering summary is all inclusive or contains all of the information a purchaser may require. All of the financial projections and/or conclusions presented herein are provided strictly for reference purposes and have been developed based upon assumptions and conditions in effect at the time the evaluations were undertaken. They do not purport to reflect changes in the economic performance of the property or the business activities of the owner since the date of preparation of this Offering Memorandum. The projected economic performance of the property, competitive submarket conditions, and selected economic and demographic statistics may have changed subsequent to the preparation of thepackage. Qualified purchasers are urged to inspect the property and undertake their own independent evaluation of the property, the market and the surrounding competitve environment.

ELIZABETH DO CEO, MANAGING PRINCIPALKELLER WILLIAMS COMMERCIAL

3525 Hyland Ave, Suite 120, Costa Mesa, CA 92626C: 714.317.7243

[email protected] BRE License No. 01473012

KAMAL CHOHAN REALTOR®KELLER WILLIAMS REALTY SHORELINE

3030 Old Ranch Pkwy, Suite 400, Seal Beach, CA 90740C: 714.855.7900

[email protected] BRE License No. 01992308

Page 3: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,
Page 4: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,

OFFERING & PROPERTYSPECIFICATIONS

INVENTORY, EXPENSES& DESCRIPTION

AERIALSSITE PLAN

LOCATION MAP

AREA OVERVIEWCITY OVERVIEW

5 6 8 11

Page 5: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,

OFFERING

PRICING

NET OPERATING INCOME:

PROPERTY SPECIFICATIONS

LEASABLE AREA:

LOT AREA:

PROPERTY ADDRESS:

YEAR ESTABLISHED:

PARCEL NUMBER:

$950,000Available Upon Request

2,427 SF 214,367 SF3850 Barranca Pkwy #F, Irvine, CA 926062016434-081-16

5 / PARIS BAGUETTE - IRVINE, CALIFORNIA

Page 6: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,

6 / PARIS BAGUETTE - IRVINE, CALIFORNIA

INVENTORY & EXPENSESDETAILS: Available Upon Request

DESCRIPTIONParis Baguette, rapidly growing international franchise with 3,700units. Golden opportunity to get in on a rapidly growing locationin the famous Crossroads shopping center. Anchored by Target, LA Fitness, Sprint, Pizza Hut, FedEx - steady foot traffic from openuntil close. 45 locations in the U.S. from East/West Coast, plans to increase, 350 locations by 2020. Strategic partnerships,18 target markets, immediate focus on California, Paris Baguette is ready to hit the market running. Paris Baguette founded in 1988, specializes in French-inspired delectables. Menu includes cakes, pastries,sandwiches, signature coffee, blended drinks, refreshing juices. This location opened on Sept. 23, 2016. Open 7 days a week, Sun-Thurs 7am-10pm and Fri-Sat 7am-11pm. Has 49 seats inside, additional seating-outside common area. Free WiFi offered to the growing number of students/executives. Great opportunity, take over turn-key location, high volume, high potential, great reviews, increasing demand for corporate catering. Paris Baguette’s mission to provide guests with “the best way to happiness” through indulgent treats and savory sweets. Total Daily Traffic=71,000, Population within a 3 mile radius=170,474. Local business population nearby Irvine City Hall,Jamboree Center, Microsoft campus, Coca Cola Company. Located near UCI, Irvine Valley College, Concordia University,Woodbridge High School. Surrounded by 17 Irvine Company-owned apartment communities totaling 5300+units, Westpark and Woodbridge Village.

* Franchise Sale* Bakery, Food & Beverage

Page 7: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,
Page 8: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,
Page 9: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,
Page 10: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,

2016 ESTIMATED POPULATIONMales ............................................................Females ........................................................

2016 ESTIMATED MEDIAN HOUSEHOLD INCOMEIrvine ...........................................................California .....................................................

2016 ESTIMATED HOUSE OR CONDO VALUEIrvine .........................................................California ...................................................

2016 MEAN PRICESAll Housing Units........................................Detached Houses ...................................Townhouses ..............................................3-to-4 Unit Structures ................................5-or-More-Unit Structures ..........................Mobile Homes ............................................Gross Rent......................................................

129,927136,190

$97,496$67,739

$806,000$477,500

$903,055$1,000,000

$661,373$555,484$565,479$185,226

$2,243

Page 11: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,

AREA OVERVIEW OF IRVINEIrvine is a master-planned city in Orange County, California, United States. The Irvine Company started developingthe area in the 1960s and the city was formally incorporated on December 28, 1971. The 66-square-mile city had apopulation of 212,375 as of the 2010 census; in 2018 the California Department of Finance estimated the city'spopulation at 276,176.

A number of corporations, particularly in the technology and semiconductor sectors, have their national or international headquarters in Irvine. Irvine is also home to several higher education institutions including the University of California, Irvine (UCI), Concordia University, Irvine Valley College, the Orange County Center of the University of SouthernCalifornia (USC), and campuses of California State University Fullerton (CSUF), University of La Verne, and Pepperdine University.

In 1878, James Irvine acquired his partners' interests for $150,000. His 110,000 acres (450 km2) stretched 23 miles from the Pacific Ocean to the Santa Ana River. James Irvine died in 1886. The ranch was inherited by his son, James Irvine, Jr., who incorporated it into The Irvine Company. James, Jr. shifted the ranch operations to field crops, olive and citrus crops.

In 1888, the Santa Fe Railroad extended its line to Fallbrook Junction, north of San Diego, and named a station alongthe way after James Irvine. The town that formed around this station was named Myford, after Irvine's son, because a post office in Calaveras County already bore the family name. The town was renamed Irvine in 1914.

By 1918, 60,000 acres of lima beans were grown on the Irvine Ranch. Two Marine Corps facilities, MCAS El Toro and MCAS Tustin, were built during World War II on ranch land sold to the government.

James Irvine, Jr., died in 1947 at the age of 80. His son, Myford, assumed the presidency of The Irvine Company. He began opening small sections of the Irvine Ranch to urban development.

On December 28, 1971, the residents of these communities voted to incorporate a substantially larger city than the one envisioned by the Pereira plan. By January 1999, Irvine had a population of 134,000 and a total area of 43 square miles.

After the Fall of Saigon in 1975, a large influx of Vietnamese refugees settled in nearby Fountain Valley, especially inthe late 1970s and throughout the 80s, forming a large percentage of Asian Americans in the city.

In late 2003, after a ten-year-long legal battle, Irvine annexed the former El Toro Marine Corps Air Station. This added7.3 square miles of land to the city and blocked an initiative championed by Newport Beach residents to replace John Wayne Airport with a new airport at El Toro. Most of this land has become part of the Orange County Great Park.

11 / PARIS BAGUETTE - IRVINE, CALIFORNIA

Page 12: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,
Page 13: 3850 BARRANCA PKWY #F IRVINE, CALIFORNIA€¦ · This Offering Memorandum has been prepared by The Executive Real Estate Group (EREG) ... 3030 Old Ranch Pkwy, Suite 400, Seal Beach,

3525 Hyland Ave., Suite 120 Costa Mesa, CA 92626

www.E l i z abethDo.com


Recommended