Revitalized Corner Street Retail Building...2 PCG COMMERCIAL PCGCOMMERCIAL.COM SACRAMENTO | CENTRAL...

STREET RETAIL IN OPPORTUNITY ZONE

PCG COMMERCIAL PCGCOMMERCIAL.COM

SACRAMENTO | CENTRAL VALLEY | BAY AREA

P R I V A T E C L I E N T G R O U P

Revitalized Corner Street Retail Building1635 M ST. , MERCED, CA 95340

800-6,400 SF | 8 POTENTIAL SPACES OR OPEN FLOOR PLAN |

ADRIAN DEL RIODirect: 916.303.0133Bay Area: 415.933.7303CalDRE #[email protected]

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ADRIAN DEL RIODirect: 916.303.0133Bay Area: 415.933.7303CalDRE #01431059adelr [email protected]

R E V I T A L I Z E D C O R N E R S T R E E T R E T A I L B U I L D I N G | 1 6 3 5 M S T . , M E R C E D , C A 9 5 3 4 0

CONFIDENTIALITY & DISCLAIMER

All materials and information received or derived from PCG Commercial its directors, officers, agents, advisors, affiliates and/or any thirdparty sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of theproperty, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither PCG Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied,as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from anysource, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own duediligence to determine these and other matters of significance to such party. PCG Commercial will not investigate or verify any suchmatters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their owninspections and investigations including through appropriate third party independent professionals selected by such party. All financialdata should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriateindependent professionals. PCG Commercial makes no warranties and/or representations regarding the veracity, completeness, orrelevance of any financial data or assumptions. PCG Commercial does not serve as a financial advisor to any party regarding anyproposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes,may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do notnecessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for theproperty.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified publicaccountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding thecondition of the property and whether the property complies with applicable governmental requirements should be discussed by theparty with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services aremarketed by PCG Commercial in compliance with all applicable fair housing and equal opportunity laws.

PRESENTED BY:

ADRIAN DEL RIODirect: 916.303.0133Bay Area: 415.933.7303CalDRE #[email protected]


EXECUTIVE SUMMARY

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DEMOGRAPHICS 1 Mile 3 Miles 5 Miles

Total Households: 4,928 24,336 32,391

Total Population: 15,408 78,757 105,140

Average HH Income: $35,013 $48,048 $54,090

PROPERTY HIGHLIGHTS

• Corner Location at a 4-Way Traffic Intersection

• Revitalization of Downtown Merced within an Opportunity Zone

• 800-6,400 SF Demisable Spaces

• Across from El Capitan a 114 Room Hotel Boutique Joie de Vivre (Hyatt)

• Two blocks from UC Merced Downtown Campus Center (67,000 SF)

• One Block from the renovated Tioga Apartments featuring 70 Modern

units and Retail spaces.

• Only Select Businesses and negotiable Tenant Improvement Allowance

OFFERING SUMMARY

Available SF: 800 - 6,400 SF

Lease Rate: $1.00 SF/yr (MG)

Building Size: 6,400 SF

Parking: None required for

Retail Uses

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PROPERTY OVERVIEW

Excellent opportunity to bring your business to thrivingDowntown Merced within an Opportunity Zone!

1635 M St. will be renovated into a modern retail space forbusinesses. The total gross space is 6,400 SF which can bedemised into separate suites ranging from 800-6,400 SF. Thelease rates are negotiable based on the strength of the business/guarantors, desired lease length, and type of business.

The ownership which specializes in the renovation of Historicproperties envisions a modern glass store front building withlocal businesses such as restaurants, brewery tap rooms,wineries, bagel/doughnut shop, Deli, neighborhood grocerystore, wellness centers, and much more. The interiors can bedemised into multiple spaces which caters to each individualbusiness.

Tenant Improvements Allowances are negotiable and theownership may consider investing into viable businesses andoperators.

LOCATION OVERVIEW

1635 M St. is located on a high visibility corner at a 4-way trafficlight intersection in the heart of revitalized Downtown Merced.1635 M is directly across the street from the historic El CapitanHotel, which is a newly constructed and renovated 114 RoomHotel (completion expected in late 2019). Partnered with the Joiede Vivre Brand (now owned by Hyatt), the El Capitan Hotel willattract professionals, business professionals, students,graduates, and travelers to the rejuvenated Downtown.

el capitan hotel and tiogaEl Capitan Hotel is directly across the street an is a brand new114 Room Boutique Hotel operated by Joie de Vivre (HyattBrand) which will feature a restaurant/bar/cafe and meetingroom, Just two blocks over is the Historic Tioga Apartmentswhich is a 70 Unit Apartment Community that is under fullrenovation (Anticipated Completion in October 2019). The TiogaApartments will provide tenants modern living with historic detail.

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PROPERTY DESCRIPTION

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UC MERCED DOWNTOWN CAMPUS CENTER

UC Merced recently completed the construction of their new67,000 SF Downtown Campus Center which will provide officesfor professors, staff, , graduate and undergrad students.

This was a significant investment to Downtown Merced whichwill attract private sector businesses and industry. TheDowntown Campus Center shows the UC's commitment to thisarea which acts as an anchor for growth and renaissance.

The daytime population has increased significantly and UCMerced has plans for continued growth of their studentenrollment. The Tioga Aparments (expected completion inOctober 2019) will offer much needed modern apartmenthousing to the downtown plus El Capitan Hotel (expectedcompletion end of 2019) will deliver 114 modern rooms fortravelers, professors, and other business people.

CITY OFFICES FOR MERCED

The Cities' main offices are located across the street from theUCM Downtown Campus Center, across the street from theTioga Apartments, and one city block from El Capitan Hotel /subject property. This shows the vested commitment from theCity of Merced to the Downtown region.

OTHER SIGNIFICANT PROPERTIES AND DEVELOPMENTS

The Mainzer Theatre (one block from subject) is planned forrenovation into a gaming area, small bowling alley, along withsnacks.

In addition, the M-Lofts are 14 modern apartments constructedin 2014 next to the Historic Mondo Building (Bank of Italy) whichcurrently houses UC Merced offices.


PROPERTY DESCRIPTION

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PHOTOS

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PHOTOS

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RETAILER MAP

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LOCATION MAPS

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POPULATION 1 MILE 3 MILES 5 MILES

Total population 15,408 78,757 105,140

Median age 28.5 27.9 28.3

Median age (Male) 29.2 27.1 27.3

Median age (Female) 28.9 29.2 29.7

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 4,928 24,336 32,391

# of persons per HH 3.1 3.2 3.2

Average HH income $35,013 $48,048 $54,090

Average house value $257,514 $277,474 $292,800

* Demographic data derived from 2010 US Census


DEMOGRAPHICS MAP & REPORT

Date post:	29-Sep-2020
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