INVESTMENT OFFERING MEMORANDUM
1433-1447 E. ROUTE 66
GLENDORA, CA 91740
For information on this property, please go to: www.cbre.com/brian.mcdonald
Contacts:
Cathleen Rose
Vice President
Lic. 00655838
cathleen.rose@cbre.com
909.418.2022
Brian McDonald
First Vice President
Lic. 01002150
brian.mcdonald@cbre.com
909.418.2020
THE OFFERING
1433-1447 E. ROUTE 66 - GLENDORA, CA
Route 66 Plaza is an outstanding opportunity for an investor to purchase a
stabilized, pride-of-ownership retail / professional / commercial center. Glendora is
one of a group of attractive bedroom communities nestled in the foothills of the
San Gabriel Mountains. The site is easily accessible from the 210 and 57
Freeways and is located on historic Route 66, with traffic counts exceeding 36,000
cars per day. The center is comprised of a variety of professional, health & beauty,
restaurant and automotive-related tenants within four separate one-story buildings.
The center enjoys a high occupancy rate; a number of the tenants have been
located within the center for over twenty years.
REGIONAL MAP
Route 66 Plaza allows an investor the unique opportunity of purchasing a welllocated, well-occupied income producing asset which is situated in an attractive,
stable sub-market of the San Gabriel Valley.
INVESTMENT SUMMARY:
Asking Price
2012 Gross Operating Income
Ownership
Gross Building Size
Total Parcel Gross Sq. Ft.
Los Angeles County APNs
Year Built
Guaranteed Occupancy*
$6,000,000 ($269.00/SF)
$385,399
Fee Simple
±22,287 SF
±3.46 Acres
8655-018-017 and 8655-019-004, 016, 017
±1977
100%
* Seller will guarantee the monthly rent of the two vacant suites until a new tenant
commences paying rent. Said guarantee not to exceed 12 months from close of escrow.
HIGHLIGHTS:
üUnique pride-of-ownership opportunity in affluent trade area
üOutstanding visibility/frontage to Route 66 arterial
üIdeal mix of single-tenant and multi-tenant buildings
üSeasoned, long-term tenancies with substantial tenant build-outs.
üExcellent condition; ample surface parking
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LOCAL MAP
1433-1447 E. ROUTE 66 - GLENDORA, CA
PROPERTY AERIALS
Westbound View
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Northbound View
1433-1447 E. ROUTE 66 - GLENDORA, CA
RENT ROLL
Unit
Tenant Name
SF
Monthly Monthly
Rent
Rent PSF
Annual
Rent
Lease
Start
Lease End Options
Actual/CAM
Security
Recovery/Mo
Deposit
(Est. $0.25)
1433 A-B
Pizza Hut
2,000
$3,350
$1.68
$40,200
2/21/1991 3/31/2018
1-5
-0-
$280
1433 C-D
Angel's Touch
Salon
2,000
$2,660
$1.33
$31,920
6/13/2003 5/31/2013
None
$1,800
$125
1433 E
Partners in
Recovery
1,000
$1,406
$1.41
$16,872
10/1/2004 9/30/2012
None
$1,000
None
1433 F
Vacant*
1,000
$1,000 *
$1.00
$12,000
N/A
N/A
N/A
None
None
1433 G
Vacant*
1,000
$1,000 *
$1.00
$12,000
N/A
N/A
N/A
None
None
1435 A-B-C
Chiropractor
3,000
$3,560
$1.19
$42,714
2/15/1988 3/31/2015
1-2
$1,224
$250
1435 D
Downtown Dental
1,000
$1,400
$1.40
$16,800
9/20/2000 11/30/2019
None
$900
None
1435 E-F-G
Crescendo
Performing Arts
3,000
$3,300
$1.10
$39,600
9/1/2010 8/30/2015
None
$3,000
$300
1445 A
Route 66 Tires &
Auto Repair
3,180
$4,254
$1.34
$51,047
1/16/1992 7/31/2015
None
None
None
1445 B
Glendora Auto
1,800
$2,350
$1.31
$28,201
5/1/2012 4/30/2017
None
$2,300
$100
1445 C
Classic Wheel
1,012
$1,200
$1.19
$14,403
9/1/2005
None
None
$150
1447
Eden Garden
Café
2,295
$6,637
$2.89
$79,643
4/1/2002 3/31/2017
None
None
$300
22,287 SF
$32,117
$1.40 Avg
$385,399
TOTALS
* Seller will guarantee the monthly rent of these vacant suites until a new tenant commences paying rent.
CBRE | Page 4
M-T-M
$1,505
Said guarantee not to exceed 12 months from close of escrow.
1433-1447 E. ROUTE 66 - GLENDORA, CA
Eden Garden Café
Freestanding Single-Tenant
Restaurant
All Four Buildings
CBRE | Page 5
1433-1447 E. ROUTE 66 - GLENDORA, CA
Strip Retail –
Two Buildings
Auto Service Building
CBRE | Page 6
1433-1447 E. ROUTE 66 - GLENDORA, CA
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1433-1447 E. ROUTE 66 - GLENDORA, CA
OVERALL SITE PLAN
CBRE | Page 8
1433-1447 E. ROUTE 66 - GLENDORA, CA
SITE PLAN: RETAIL SHOP BUILDINGS
CBRE | Page 9
1433-1447 E. ROUTE 66 - GLENDORA, CA
PARCEL MAP
PARCEL MAP – CLOSE UP
CBRE | Page 10
1433-1447 E. ROUTE 66 - GLENDORA, CA
OVERVIEW
Nestled at the foothills of the majestic San Gabriel Mountains on the eastern side of Los Angeles County lies the city of Glendora. The City is
conveniently located 23 miles from Downtown Los Angeles with easy accessibility to the 210 Freeway and Highway 57. Local transportation is
provided by the Metropolitan Transit Authority (MTA, Foothill Transit, and the Glendora Minibus, while the Ontario International Airport, 22 miles
east, allows access to nationwide and international destinations. Glendora is also a proposed site for a Metro Gold Line station (estimated
completion in 2014) providing light-rail service westward to Pasadena and Los Angeles and eastward to Ontario. As of 2011, Glendora has a
population of 49,930.
The largest employer is the Glendora Unified School District, followed by Citrus Community College. Largest private employers include Ormco
Corporation, Wal-Mart, Sam’s Club, and Home Depot. Major shopping centers include Glendora Marketplace, which features national tenants
including Best Buy, Bed Bath and Beyond, AMC Theatres, Barnes & Noble, Old Navy, Sam’s Club, 24 Hour Fitness, Staples, Ulta, and Chipotle.
Residents enjoy the lush parks, comprehensive community services, and the City’s low crime rates. All of Glendora’s public schools are
“California Distinguished Schools.” The convenient location of Glendora allows for a variety of scenic and outdoor recreational activities, such as
hiking in the San Gabriel Mountains or a weekend getaway in Palm Springs. The Glendora Country Club is a members-only country club with an
18-hole golf course.
Glendora’s diversified business community ranges from the downtown “Village,” where personalized service is provided by several owneroperated retail stores, to corporate headquarters of major U.S. and international firms, including Rain Bird Sprinkler Manufacturing Company and
the National Hot Rod Association.
CBRE | Page 11
1433-1447 E. ROUTE 66 - GLENDORA, CA
DEMOGRAPHIC REPORT
City of Glendora
2011 Estimated Population
2016 Projected Population
Avg. Household Income (Est. 2011)
2011 Est. Avg. Housing Value
49,930
51,187
$93,345
$445,330
3-Mile Radius from Site
2011 Estimated Population
2016 Projected Population
Avg. Household Income (Est. 2011)
2011 Est. Avg. Housing Value
CBRE | Page 12
153,909
158,943
$77,908
$360,187
1433-1447 E. ROUTE 66 - GLENDORA, CA
CBRE | Page 13
1433-1447 E. ROUTE 66 - GLENDORA, CA
PROPERTY AERIALS
CBRE | Page 14
BUSINESS DISCLOSURE & CONFIDENTIALITY AGREEMENT
Affiliated Business Disclosure
CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses
including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent
various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow
Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the
successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the
involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interests of the client’s it represents in the transaction described
in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather
will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client’s it represents in the transaction described in this Memorandum.
Confidentiality Agreement
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the
“Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and
information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the
control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages,
square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified
prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor
necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently
and not rely on the contents of this Memorandum in any manner.
Neither the Owner or CBRE, Inc, 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 Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are
to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at
any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum
or making an offer to purchase the 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 Memorandum, you agree that this Memorandum and its contents are of a confident nature, that you will hold and treat it in the strictest confidence and that you will not
disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum
or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc .If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly
return this Memorandum to CBRE, Inc.
Disclaimer
ã 2012 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to
independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which
should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.. CKRose\!support\Presentations\Glendora OM
CBRE | Page 15
For additional information, please contact:
Exclusive Agents
Cathleen Rose
Brian McDonald
Vice President
Lic. 008655838
cathleen.rose@cbre.com
909.418.2022
First Vice President
Lic. 01002150
brian.mcdonald@cbre.com
909.418.2020
For information on this property, please go to: www.cbre.com/brian.mcdonald
CBRE | Page 16