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Multifamily and Retail Portfolio Opp. 2 Land Properties Offered at $900,000,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Two multifamily and one retail portfolio offered at an impressive 7-9% cap rate.
- Developers and investors opportunity to generate a net income of $1.25.6 million per year.
- The multifamily complexes are located in Corona, while the retail asset is in Riverside, California.
EXECUTIVE SUMMARY
Project One: Off-market short sale: Cap 200%.
Project Two: Best location development in Beverly, Los Angeles, for sale for $70 million (or $25-$50 million equity financing). Total land area: 6.32 acres (1,275,299 square feet). The existing shopping center is 97,000 square feet (to be demolished). Rental income $2 million/year. Existing zoning: C-21; (FAR): 4.65, permitted height: 108 feet. Maximum residential density: 1,242 units (TOC-4 zoning) 2,500 square feet. Buildable commercial shopping center: 115,000 square feet. Includes a supermarket (Ralphs) of 55,000 square feet; a large drugstore (CVS) of 14,000 square feet; and an international food court of 25,000 square feet. Total retail/store area: 21,000 square feet. Estimated project net gross floor area ratio: 950,000 square feet to 1 million square feet (development commercial plan). Total project cost estimate: $850 million. Complete valuation: $2 billion.
Project Three: 600-1000 single-family houses development land, RH zoning, 367 acres.
Project Four: 1000 units of student apartment development opportunities.
Project Five: Four buildings are for sale. The unit price is $246-260 per square foot, which is lower than the construction cost. The annual net income is $2.99 million, with a return rate of 7.5%. The seller is open to assuming low-interest loans and is asking $41 million.
Project SIX: The annual net income is $1.26 million, and the return rate is 7.2%
Project Two: Best location development in Beverly, Los Angeles, for sale for $70 million (or $25-$50 million equity financing). Total land area: 6.32 acres (1,275,299 square feet). The existing shopping center is 97,000 square feet (to be demolished). Rental income $2 million/year. Existing zoning: C-21; (FAR): 4.65, permitted height: 108 feet. Maximum residential density: 1,242 units (TOC-4 zoning) 2,500 square feet. Buildable commercial shopping center: 115,000 square feet. Includes a supermarket (Ralphs) of 55,000 square feet; a large drugstore (CVS) of 14,000 square feet; and an international food court of 25,000 square feet. Total retail/store area: 21,000 square feet. Estimated project net gross floor area ratio: 950,000 square feet to 1 million square feet (development commercial plan). Total project cost estimate: $850 million. Complete valuation: $2 billion.
Project Three: 600-1000 single-family houses development land, RH zoning, 367 acres.
Project Four: 1000 units of student apartment development opportunities.
Project Five: Four buildings are for sale. The unit price is $246-260 per square foot, which is lower than the construction cost. The annual net income is $2.99 million, with a return rate of 7.5%. The seller is open to assuming low-interest loans and is asking $41 million.
Project SIX: The annual net income is $1.26 million, and the return rate is 7.2%
PROPERTY FACTS
| Price | $900,000,000 | Number of Properties | 2 |
| Cap Rate | 25% | Individually For Sale | 0 |
| Sale Type | Investment | Total Land Area | 374.70 AC |
| Status | Active |
| Price | $900,000,000 |
| Cap Rate | 25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Land Area | 374.70 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | INDIVIDUAL PRICE |
|---|---|---|---|
| Train Road, Brea, CA 92823 | Land | 367.00 AC | - |
| unknow, Corona, CA 92883 | Land | 7.70 AC | - |
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Multifamily and Retail Portfolio Opp.
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