DANA PLAZA 21701 Lake Forest Drive, Lake Forest, Ca 92630
Located at the major South Orange County intersection of
INVESTMENT PROPERTY OFFERING $13,270,000
John Moss
(949) 334-4042 Phone
[email protected] See Dana Plaza Confidential Memorandum & Disclaimer
DANA PLAZA
John Moss
(949) 334-4042 Phone
[email protected] See Dana Plaza Confidential Memorandum & Disclaimer
Parker Commercial is pleased to offer the opportunity to acquire the fee simple interest (land and buildings) in one of South Orange County’s best located
shopping centers. Dana Plaza sits on 3.5 bi-level acres at the corner of two prime arteries, Lake Forest Drive, a major North/South artery, and Trabuco Road,
the only East/West road which accesses the town of Irvine, home to the University of California Irvine campus. This corner is visited by over fifty thousand
cars per day.
This center consists of approximately 31,503 square feet of triple net leased retail stores incorporating 7-Eleven, Subway, multiple hair/skin/nail services, and
a group of complimentary family orientated tenancies, which includes: Montessori School, Martial Arts, and Arts School. This child/family synergy has
resulted in a long standing stability of tenants, with many having occupied their suites for over twenty years. In some cases second generation children of
parents who attended these schools are now students at the center.
In addition to the retailers, a portion of the income stream is derived from a land lease with Exxon/Mobil Oil (new storage tanks have just been installed) and
a tower lease with Verizon, providing major credit strength to the income stream. The surrounding high end residential area currently has 123, 469 residents
in a three mile radius with an average household income of $123,685. New housing growth is ongoing. The Ralph’s/CVS Shopping Center across the street
is marketing shop space for lease at $3.50 per square foot plus nets of $0.74 per square foot. The average shop rate at Dana Plaza is $2.15 plus estimated nets
of $0.50, providing new ownership with significant upside potential for future income.
Dana Plaza combines a prime Lake Forest corner location with stable existing Tenants surrounded by a mature South Orange County residential community.
DANA PLAZA INVESTMENT OVERVIEW
* 31,503 Square Foot +/- Retail center, Plus
* Exxon / Mobil Pad and Verizon Tower
* Numerous well seasoned Tenants
* Sales Price - 6.75 % Cap
John Moss
(949) 334-4042 Phone
[email protected] See Dana Plaza Confidential Memorandum & Disclaimer
DANA PLAZA
DANA PLAZA Offering Summary and Property Specifications
Pricing: $13,270,000 2019 Actual Income: $895,793 Cap Rate: 6.75 % (based on 2019 actual income) Current Occupancy: 90% Lease Types: All leases are triple net, except Verizon tower lease Notable Tenants: Exxon / Mobil Oil, Verizon, 7-Eleven, Subway, Montessori School Rentable Shop Space: 31,503 Square Feet +/- (plus Exxon / Mobil Pad and Verizon Tower) Land Area: 3.51 Acres 152,805 Square Feet (includes Mobil Pad) Parking Spaces: 141 Spaces (4.47 per thousand) +/-
John Moss
(949) 334-4042 Phone
[email protected] See Dana Plaza Confidential Memorandum & Disclaimer
DANA PLAZA
Site Plan 222 223
221
21721
Address: Suite: Tenant 21701 #1 Subway Lake Forest #2 Threading Salon #3 7-Eleven
Address: Tenant: 21721 Lake Forest Exxon / Mobil
Address: Suite: Tenant: 25435 #1-7 Montessori School Trabuco #8 Available 1,025 SF #9 Donut Shop
Address: Suite: Tenant: 25431 #1 Party Supply Trabuco #2 Vapor Store #3 Mortuary Office #4 Chiropractor #5 Brazilia Alterations #6 Ameci Pizza #7 Hair Nails & Spa #8 Beauty Brow
Address: Suite: Tenant: 25421 #1 1,500 Sq Ft Available Trabuco #2 Tae Kwon Do
Address: Suite: Tenant: 25411 #111 Barber Shop Trabuco #112-113 Dentist #221 780 Sq Ft Available #222 Eye Lashes #223 Art School
DENTIST
IRVINE
LAKE FOREST
RANCHO SANTA MARGARITA
TRABUCO CANYON
COTO DE CASA MISSION VIEJO
Demographics
John Moss
(949) 334-4042 Phone
DANA PLAZA See Dana Plaza Confidential Memorandum & Disclaimer
Brand Profiles
Exxon / Mobil
Company Type: Public
Locations: 12,000 locations in USA
Exxon / Mobil is one of the world’s largest publicly traded
international oil and gas companies. Exxon / Mobil is ranked
Second in the Fortune 100 companies in total income.
Dana Plaza’s original pad lease was with Circle K stores which
is a wholly owned subsidiary. Current operation is a Mobil
gas station.
Verizon
Company Type: Public
Locations: 2,330 locations in USA
Verizon is ranked #16 on the Fortune 500 rankings of the largest
United States corporations by total revenue.
Verizon operates a cell tower in Dana Plaza.
7 Eleven
Company Type: Public
Locations: 10,000 in the USA, 67,000 Worldwide
7 Eleven is a retail convenience store and are operated in 17 countries.
Dana Plaza lease is with the parent corporation.
Subway
Company Type: Public
Locations: 24,280 locations in USA
Subway is the largest restaurant chain in the world with more than
44,000 locations in 113 countries.
Dana Plaza lease is with the parent company,
Subway Real Estate Corporation.
IRVINE
LAKE FOREST
RANCHO SANTA MARGARITA
TRABUCO CANYON
COTO DE CASA MISSION VIEJO
Demographics
1 Mile 3 Mile 5 Mile
Population 24,585 123,469 303,953
Households 8,578 43,0461 115,326
Average HH Income $133,008 $123,685 $131,217
IRVINE
LAKE FOREST
TRABUCO CANYON
RANCHO SANTA MARGARITA
COTO DE CASA
Source: Esri, 2019
Demographics
John Moss
(949) 334-4042 Phone
[email protected] See Dana Plaza Confidential Memorandum & Disclaimer
DANA PLAZA Lake Forest Dr. & Trabuco Rd.
Lake Forest, CA
MISSION VIEJO
John Moss
(949) 334-4042 Phone
[email protected] See Dana Plaza Confidential Memorandum & Disclaimer
DANA PLAZA
DANA PLAZA SALES COMPARISONS
SUBJECT PROPERTY PRICE BUILDINGS NOTES CAP
AREA
DANA PLAZA 21701 Lake Forest Drive Lake Forest, CA 92630
$13,270,000 31,500 SF Exxon / MOBIL Pad 6.75% & Verizon Tower are a part, but not included in the 31,500 Building Area SF
SALE COMPS PRICE BUILDINGS DATE SOLD CAP
AREA
TRABUCO HILLS CENTER 27765 Santa Margarita Pkwy Mission Viejo, CA 92891
$9,465,000 24,240 SF 09/27/2018 5.25%
MISSION VIEJO FREEWAY CENTER 27765 Santa Margarita Pkwy Mission Viejo, CA 92891
$5,860,000 24,965 SF 06/13/2018 5.49%
ON MARKET PRICE BUILDINGS CAP
AREA
EL TORO PLAZA 21991 El Toro Road Lake Forest, CA 92630
$4,800,000 9,998 SF 5.25%
MARGUERITE PLAZA 28892 Marguerite Pkwy Mission Viejo, CA 92692
$8,660,000 24,894 SF 5.25%
SALES COMPARISONS & ON MARKET SOURCE: Loopnet - December 12, 2019
IRVINE
LAKE FOREST
RANCHO SANTA MARGARITA
TRABUCO CANYON
COTO DE CASA MISSION VIEJO
Demographics
John Moss
(949) 334-4042 Phone
DANA PLAZA
See Dana Plaza Confidential Memorandum & Disclaimer
Property Photos
IRVINE
LAKE FOREST
RANCHO SANTA MARGARITA
TRABUCO CANYON
COTO DE CASA MISSION VIEJO
Demographics
John Moss
(949) 334-4042 Phone
See Dana Plaza Confidential Memorandum & Disclaimer
DANA PLAZA Property Photos
IRVINE
LAKE FOREST
RANCHO SANTA MARGARITA
TRABUCO CANYON
COTO DE CASA MISSION VIEJO
Demographics
John Moss
(949) 334-4042 Phone
DANA PLAZA
See Dana Plaza Confidential Memorandum & Disclaimer
Property Photos
IRVINE
LAKE FOREST
RANCHO SANTA MARGARITA
TRABUCO CANYON
COTO DE CASA MISSION VIEJO
Demographics
John Moss
(949) 334-4042 Phone
[email protected] DANA PLAZA
See Dana Plaza Confidential Memorandum & Disclaimer
$131,217
5 Mile Avg HH Income
The City of Lake Forest takes a proactive role in growing its existing
businesses, attracting new businesses, and encouraging entrepreneurialism.
At just over 16 square miles, the City of Lake Forest, located at the heart of
Southern Orange County, remains one of California’s most
desirable locations. The City of Lake Forest includes companies such as:
Oakley, Del Taco corporate offices, Panasonic Avionics, Apria Healthcare,
Black & Decker, and Wonderware Corporation.
Source: The City of Lake Forest Website
303,953
5 Mile Population
John Moss
(949) 334-4042 Phone
DANA PLAZA
See Dana Plaza Confidential Memorandum & Disclaimer
DANA PLAZA Parcel Map
Parcel One (1) & Parcel Two (2) in the County of Orange, State of California, as shown on a parcel map filed in Book 127, Page 50 of parcel maps, in the Office of the County Recorder of said county.
DANA PLAZA Aerial
John Moss
(949) 334-4042 Phone
[email protected] See Dana Plaza Confidential Memorandum & Disclaimer
John Moss
(949) 334-4042 Phone
DANA PLAZA CONFIDENTIAL MEMORANDUM AND DISCLAIMER
This is a confidential brochure intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of Dana Plaza Shopping Center. This brochure has been prepared by Parker Commercial Brokerage Company, Inc. (herein “PCBC”) on behalf of Dana Lake Forest, LP, a California limited partnership, (herein “Owner”), and has been reviewed by its representatives. The information pertaining to the subject property does not purport to be a representation of the state of affairs of the Owner or to contain all or part of the information which prospective investors may require to evaluate a purchase. All financial projections and information are provided for general reference purposes only and are based upon assumptions relating to market conditions, competition, and other factors beyond the control of the Owner and PCBC. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. Additional information and an opportunity to inspect the property will be made available to interested and qualified prospective purchasers. Neither the Owner nor PCBC, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this brochure or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this brochure or use of its contents. The Owner expressly reserves the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the subject property, and/or to terminate discussions with any obligation to any entity reviewing this brochure or making an offer to purchase the subject property unless and until written agreement(s) for the purchase of 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 brochure, you agree that this brochure 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 brochure or any of its contents to any other entity without the prior written authorization of the Owner or PCBC. You also agree that you will not use this brochure or any of its contents in any manner detrimental to the interest of the Owner or PCBC. In this brochure, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete or necessarily accurate descriptions of the full agreements involved. Interested parties are expected to review all such summaries and other documents of whatever nature independently. If, after reviewing this brochure, you have no further interest in purchasing the property, kindly return this sales package brochure to PCBC.