FOR LEASE - MIXED USE DEVELOPMENT
SUSIE HALLAssociate Director | Lic. 01842943(415) [email protected]
COURTNEY GRIFFINDirector | Lic. 01438641(415) [email protected]
OverviewBELLA OAKS OF ORINDA - MIXED USE DEVELOPMENT FOR LEASE
Located 7 miles east of Oakland, Orinda incorporated as a city in 1985 after more than 100 years of gradual development. One of the most beautiful cities in Contra Costa County, Orinda remains a family oriented community in an idyllic setting. The city continues to make a mark on the region with the beautifully restored art deco Orinda Theatre, the California Shakespeare Theater, and a popular Community Center and Public Library in the center of town. Its beauty, excellent schools, culture, and its proximity to San Francisco and Bay Area activities make Orinda a delightful place in which to live, visit, and shop.
Although still an unincorporated area, Orinda has great appeal to families ready to leave Oakland or San Francisco for a less intensely urban environment, more house for less money, and higher quality schools. With more families to serve, every sector continued to grow— the commercial district, the school districts, and the housing market. With a population of 17,932, this Northern California suburb has a tiny crime rate and a high percentage of owner-occupied units (92%). The town is home to a bevy of artsy activities that draw residents by the thousands including the Orinda Film Festival and the annual Shakespeare Festival. The town hosts a day-long July Fourth event every year that kicks off with a pancake breakfast. Neighbors also organize events like pumpkin-carving contests and wine-and-cheese parties, according to Nextdoor.
Bella Oaks of Orinda offers a great opportunity for retailers or upcoming restaurants to be a part of this family oriented community.
• No. 2 “America’s Friendliest Towns” - Forbes Magazine
• Ranked No. 2 school district in California (2014-2015)
• 78.2% adults have a Bachelor’s degree or higher• High median household income:$166,866
(2014 US Census Bureau)
PremisesBELLA OAKS OF ORINDA - MIXED USE DEVELOPMENT FOR LEASE
• ± 18,100 SF new mixed use development:• 3 floor building with ± 54,880 SF gross building area• ± 13,700 SF ground floor retail/restaurant opportunity• ± 4,400 SF 2nd floor office/flex space• High traffic, high visibility location: 169,000 cpd (Hwy 24 & Camino Pablo) 33,500 cpd (Camino Pablo)• Dedicated parking for retail/office: Covered parking for 68 cars On-street parking for 17 cars• Ideally located in heart of Orinda across from City Hall & Library• Significant retail/restaurant potential: Retail trade gap: 76.6 leakage factor Food/Drink trade gap: 70.6 leakage factor• Rite Aid, Starbucks & Safeway in the immediate vicinity• Close to BART & easy access to U.S. Highway 24• Delivery Q4 2017
HIGHLIGHTS
demographics
1 Mile Radius 3 Mile Radius 5 Mile Radius
POPULATION
Current Est. Population 3,892 25,911 176,259
2020 Projected Population 4,112 27,006 184,141
Projected Annual Growth 2015-2020 1.11% 0.83% 0.88%
Median Age 52.5 49.6 38.4
HOUSEHOLDS (HH)
Current Est. HH 1,567 10,022 71,153
2020 Est. HH 1,662 10,461 74,153
Projected HH Growth 2015-2020 1.18% 0.86% 0.96%
EDUCATION: Bachelor’s or Higher 77.5% 79.6% 77.4%
INCOME: Median Household $194,498 $169,560 $90,428
EMPLOYMENT
White Collar 89.2% 87.6% 87.0%
Service 7.2% 7.8% 7.5%
Blue Collar 3.8% 4.6% 5.5%
Industry Summary Retail Demand Retail Supply Retail Gap Leakage Factor
Total Retail Trade $982 M $130 M $852 M 76.6
Total Food & Drink $108 M $19 M $89 M 70.6
Grand Total $1,090 M $149 M $942 M 76.0
ORINDA PUBLIC
LIBRARY
ORINDA COMMUNITY
PARK
ORINDA THEATRE
• Highly educated, successful consumer market: more than one in three residents has a postgraduate degree
• Earns more than 3 times the U.S. Median HH income. • Nation’s wealthiest consumers. They hire financial advisers to manage their diverse
investment portfolios but stay abreast of current financial trends and products.• Socially responsible consumers who aim for a balanced lifestyle• Seeks variety in life and takes interest in the fine arts; reads to expand their knowledge; and
consider the Internet, radio, and newspapers as key media sources.• Consumers select upscale salons, spas, and fitness centers for their personal well-being and
shop at high-end retailers for their personal effects.
SOCIOECONOMIC TRAITS - TOP TIER TAPESTRY SEGMENT
BELLA OAKS OF ORINDA - MIXED USE DEVELOPMENT FOR LEASE
SUSIE HALLAssociate Director | Lic. 01842943(415) [email protected]
COURTNEY GRIFFINDirector | Lic. 01438641(415) [email protected]
FOR LEASE - MIXED USE DEVELOPMENT
