Roger Niez Senior Vice President 949 468 2383 tel 714 423 5336 cell [email protected] CA BRE License #00995402
Orange County Office 1920 Main Street, Suite 100 Irvine, CA 92614 949 854 6600 naicapital.com
130 South Hewes StreetOrange, CA 92866
FOR SALE
130 South Hewes Street Orange, CA | Encore at Hewes
The information contained herein was compiled by NAI Capital Commercial Real Estate, with the understanding that it is proprietary and any reproduction or unauthorized use is expressly forbidden without prior consent from NAI Capital Commercial services.
The package is presented with the understanding that all negotiations relating to the purchase, exchange or lease of the described property shall be conducted through NAI Capital Commercial Real Estate.
The information contained herein has been obtained from the owner or other sources we deem reliable. We cannot, however, guarantee its accuracy. A prospective buyer is expected to carefully investigate not only the information contained herein, but also the property itself. All figures, statements and assumptions should be verified for accuracy. Since the purchase of this property depends in part on your investment objectives, we encourage each investor to have their CPA, attorney, and/or financial advisor evaluate this information prior to purchase. We also recommend each purchaser conduct an independent construction study of the property.
This package is to be returned to NAI Capital Commercial Real Estate if escrow is not opened for the purchase of the subject property.
Confidentiality Agreement
Roger Niez
Senior Vice President949 468 2383 [email protected] BRE #00995402NAI Capital - Irvine
Exclusively Offered By:
130 South Hewes Street Orange, CA | Encore at Hewes
Retail Map
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Chapman AveChapman Ave
La Veta Ave
Santa Clara Ave
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Katella Ave
Collins Ave
Walnut Ave
Foothill Blvd
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130 South Hewes Street Orange, CA | Encore at Hewes
Regional View
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Santiago Oaks Regional Park
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130 South Hewes Street Orange, CA | Encore at Hewes
About Encore at Hewes
Experience life at its fullest at Encore at Hewes! This 55+ active adult community is located in the charming city of Orange. This community offers the best of all worlds: a private sanctuary, luxurious living and opportunities for socializing with people who share their enthusiastic outlook on life.
Our management team is dedicated in providing a fun filled and low maintenance lifestyle. With its convenient location to shopping, dining and entertainment - Encore at Hewes is the community you have been searching for!
Welcome to Encore at Hewes. Our active adult apartment community delivers all the modern features and amenities you expect in a high-quality apartment. Located in the charming city of Orange, CA, this community offers the ideal combination of privacy, convenience and luxury -while giving you the opportunity to socialize and enjoy everything that the area has to offer.
Encore at Hewes is a serene community with a clubhouse, gourmet kitchen and fitness center available to residents and their guests. Social activities and community programs are scheduled regularly.
We are dedicated to providing a low-maintenance lifestyle to our residents, one that is fun-filled and as exciting as you wish it to be. Please contact us now to learn more!
Demographics 1 mi. 3 mi. 5 mi. 10 mi.
Population 24,743 147,289 422,237 1,608,403
Median HH Income $90,705 $103,026 $92,215 $85,667
Total Employees 3,675 50,192 230,231 926,263
Total Businesses 576 7,327 23,650 81,852
130 South Hewes Street Orange, CA | Encore at Hewes
Residence Features & Hypothetical Layouts
• 12 Exclusive Apartment Homes
• 1 Bedroom with Den + 1 Bathroom Floorplan
• Spacious , Private Patio/Balcony
• Granite Kitchen Counter Tops
• Fully-equipped Kitchen with Stainless Steel Appliances
• Walk-in Closet
• Hardwood-style Flooring in Kitchen, Entryway and Dining Room
• Crown Molding and Two-Tone Paint
• Full-size in Home Washer and Dryer
• Private Garage
130 South Hewes Street Orange, CA | Encore at Hewes
Plan 3: Carriage Style & Extra Patio855 Square Feet1 Bd / 1 Ba
Plan 2: Carriage Style795 Square Feet1 Bd / 1 Ba
Plan 1: Private Stairs & Corner Unit830 Square Feet1 Bd / 1 Ba
Plan 2: Carriage Style with Open Views795 Square Feet1 Bd / 1 Ba
Plan 2: Carriage Style with Open Views795 Square Feet1 Bd / 1 Ba
Plan 4: Carriage Style & Extra Sq. Ft.877 Square Feet1 Bd / 1 Ba
Plan 1: First Floor & Corner Unit830 Square Feet1 Bd / 1 Ba
Floor Plans
Plan 3: Carriage Style & Extra Patio855 Square Feet1 Bd / 1 Ba
Plan 4: Carriage Style & Extra Sq. Ft.877 Square Feet1 Bd / 1 Ba
Plan 2: Carriage Style795 Square Feet1 Bd / 1 Ba
Plan 1: Private Stairs & Corner Unit830 Square Feet1 Bd / 1 Ba
Plan 2: Carriage Style with Open Views795 Square Feet1 Bd / 1 Ba
Plan 2: Carriage Style with Open Views795 Square Feet1 Bd / 1 Ba
Plan 1: First Floor & Corner Unit830 Square Feet1 Bd / 1 Ba
130 South Hewes Street Orange, CA | Encore at Hewes
Community Features
• Approximately 9,883 SF Total, 3 Buildings
• Regularly Scheduled Social Activities and Community Programs
• Stylish and Furnished Clubhouse with Gourmet Kitchen
• Fitness Center with Cardio and Strength Training Equipment
• Pet Friendly Community
• Beautiful Landscape
• 13 Private Garages, 8 Open Garages
130 South Hewes Street Orange, CA | Encore at Hewes
Expenses
HEWES RENT ROLL + INCOME
Unit Pet/Garage Size SF Deposit Rents Expiration
104 $50.00 (P) 830 $2,175.00 $2,175.00 9/20/2018
105 828 $700.00 $1,910.00 10/12/2018
106 830 $700.00 $1,985.00 6/30/2018
107 830 $700.00 $2,150.00
108 828 $1,000.00 $1,950.00 10/31/2018
109 830 $700.00 $1,935.00 9/14/2018
110 $100.00 (G) 790 $700.00 $1,930.00 9/13/2018
111 $100.00 (G) 795 $700.00 $1,825.00 9/13/2018
112 795 $700.00 $1,785.00 8/14/2018
113 $100.00 (G) 795 $700.00 $1,865.00 8/20/2018
114 855 $700.00 $2,250.00 8/30/2018
115 877 $700.00 $2,250.00 10/1/2018
TOTAL $350.00 9,883 $9,475.00 $24,010.00 /Month Rents
$288,120.00 Annual Rents
Pet Fee / Extra Parking / Storage $350/Mo $4,200.00 Annual
Utility Reimburse Elec/Water $420/Mo $5,040.00 Annual
TOTAL GOI $297,360.00 Annual
ANNUAL EXPENSE PROJECTIONS 2017
Maintenance/Repairs $7,200.00
Contract Services (Landscape, Pest Control, Cleaning) $3,960.00
Utilities (Common Areas, Trash, Water) $11,400.00
Insurance $6,200.00
Property Tax $53,500.00 After Sale Est.
Market Vacancy $4,035.00
General Administration $600.00
Property Management $14,400.00
City Lic. $247.00
TOTAL $101,542.00 Expenses
NOI $195,818.00
3.73% CAP
ASKING PRICE: $5,250,000.00
130 South Hewes Street Orange, CA | Encore at Hewes
Developer / Builder
Roger C. Hobbs has been a real estate developer since 1973, operating under the name RC Hobbs Company and Century American Development.
As the “Community Builder of Choice,” RCH’s management team of seasoned professionals has been responsible for many highly successful and award-winning residential development programs. Achievements of the RCH Core Management Team include:
• Construction and sale of more than 4,500 homes, ranging from custom home lots to single-family detached and townhouse configurations to rental housing projects. The market value of the built homes is more than $600 million.
• General plan amendments, specific plan and planned community zoning, development and school agreements and subdivision maps delivered for over 4,000 homes, as well as supportive commercial, business park, and public/quasi-public land uses.
• Formation management of assessment districts and Mello-Roos community facilities districts that provided more than $150 million in low-interest bond financing.
• Directed the detailed infrastructure planning, design, and improvements for more than 1,200 acres of land.
• Formulation and implementation of innovative builder-cooperative master merchandising programs for planned communities, resulting in successful grand openings and subsequent sales momentum.
• Served as Residential Development Manager, or fee homebuilder, for several Southern California homebuilding projects totaling more than 1,200 homes. RCH exceeded the client’s business plan revenue expectations and reduced both construction costs and the construction schedule.
130 South Hewes Street Orange, CA | Encore at Hewes
Management
Infinity Residential offers comprehensive management services for single and multi-family properties in Orange County, CA.
IR’s mission is to offer institutional type performance for investors of small and medium sized properties.
• Leverage technology to maximize efficiencies and cut costs
• Utilize institutional management methods to maximize property performance
• Offer sophisticated reporting, financials, and administration
BILLY ROSENBERG, President and Founder
Billy oversees all operations and client relationships. Before founding Infinity Residential, Billy spent six years at the Irvine Company within their Apartment Division. His most recent role with the Irvine Company was managing Los Olivos Apartment Village, the Irvine Company’s flagship 1750-unit property. Billy received his MBA with a focus in Real Estate from the University of California Irvine.
130 SOUTH HEWES STREETORANGE, CA 92866
Roger Niez Senior Vice President 949 468 2383 tel 714 423 5336 cell [email protected] CA BRE License #00995402
Orange County Office 1920 Main Street, Suite 100 Irvine, CA 92614 949 854 6600 naicapital.com