2245 w valley boulevard - loopnet · santa clarita santa fe springs beverl hills studio city...

OFFERING MEMORANDUM

Colliers International2855 E Guasti Road | Suite 401Ontario, CA 91761 | United States colliers.com

2245 W VALLEY BOULEVARDCOLTON, CA

22.87 ACRES

Co-Listing with O’Gorman Pacific Realty E. Valley Blvd

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Prepared by

Investment Services GroupWestern Region

Richard Schwartz, SIORSenior Vice President

Joey ReaumeVice President

Brice LarsonAssociate

Shawn O’GormanPresidentO’Gorman Pacific Realty Inc.

2245 W Valley Blvd | Colton, CA

10INTERSTATE

INVESTMENT SERVICES GROUP | WESTERN REGION | OFFERING MEMORANDUM2

2245 W. Valley Blvd | Colton, CA

I. DEVELOPMENT HIGHLIGHTS / OPPORTUNITIESPROPERTY OVERVIEW COMPLETE SITE

• APN’s: 0254-041-04; 0254-041-033; 0132-112-05• Site is located in the highest growth area in the Inland Empire• Site is in 2 separate municipalities• The land is unentitled and consist of three separate zoning designations of Industrial,

Residential and Retail• Larger properties in excess of 10 acres are becoming rare and hard to find• Total land play opportunity is approximately 26.69 acres

COLTON

• ±126,000 SF building on approximately 8.9 acres of land. • Zoned BMP within Hub City Centre Specific Plan• Approximately 2.71 Acres of vacant land currently zoned (RERS-M1) Residential

Medium 1

RIALTO

• Approximately 10.08 Acres of vacant land• Approximately 1.18 Acres currently used for ingress & egress to Riverside Avenue• Presently zoned Retail/Commercial within the Gateway Specific Plan• Opportunity to purchase or lease an additional ±3.82 acres (3 additional parcels) on

Valley Blvd. contiguous to parcel 4Ri

vers

ide

Aven

ue

E. Valley Blvd W. Valley Blvd



I. DEVELOPMENT HIGHLIGHTS / OPPORTUNITIES POSSIBLE DEVELOPMENT OPTION



PORT OFLONGBEACHPORT OF

LOSANGELES

VAN NUYSAIRPORT

BURBANKAIRPORT

O R A N G E CO U N T Y

R IVERS IDE CO

UN

T Y

S A N B E R N A R D I N O CO U N T Y

LO S A N G E L E S C O.

LAX

LONGBEACH

AIRPORT

JOHNWAYNE

AIRPORT

ONTARIOINT'L AIRPORT

ManhattanBeach

IRVINE

LAGUNANIGUEL

DANAPOINT

SANTAANA

ORANGEGARDENGROVE

COSTAMESA

SANCLEMENTE

LONGBEACHSAN

PEDRO

PALOSVERDES

TORRANCE

GLENDORAUPLAND

RANCHOCUCAMONGA

FONTANA

MIRALOMA RIVERSIDE

SAN BERNARDINO

ONTARIO

CHINOCITY OF

INDUSTRY

POMONA

FULLERTON

ANAHEIM

BALDWINPARK

DIAMONDBAR

CORONA

BREA

NORWALK

HERMOSA BEACH

MANHATTAN BEACH

EL SEGUNDO

MARINA DEL REY

SANTAMONICA

CULVERCITY

GLENDALE

BURBANK

VAN NUYS

NORTHRIDGE

ENCINO

SANTACLARITA

SANTA FESPRINGS

BEVERLY HILLS

STUDIOCITY

HUNTINGTON BEACH

DOWNTOWNLOS ANGELES

LONGBEACHSAN

PEDRO

PALOSVERDES

TORRANCE

GLENDORAUPLAND

RANCHOCUCAMONGA

FONTANA

MIRALOMA RIVERSIDE

SAN BERNARDINO

ONTARIO

CHINOCITY OF

INDUSTRY

POMONA

FULLERTON

ANAHEIM

BALDWINPARK

DIAMONDBAR

CORONA

BREA

NORWALK

HERMOSA BEACH

MANHATTAN BEACH

EL SEGUNDO

MARINA DEL REY

SANTAMONICA

CULVERCITY

GLENDALE

BURBANK

VAN NUYS

NORTHRIDGE

ENCINO

SANTACLARITA

SANTA FESPRINGS

BEVERLY HILLS

STUDIOCITY

HUNTINGTON BEACH

NEWPORT BEACH BEACH

NEWPORT BEACH BEACH

DOWNTOWNLOS ANGELES

IRVINE

LAGUNANIGUEL

DANAPOINT

SANTAANA

ORANGEGARDENGROVE

COSTAMESA

SANCLEMENTE

PERRIS

MORENO VALLEY

REDLANDS

RIALTO

The property is strategically located less than a quarter mile from I-10, providing quick access to southern California’s excellent network of freeways. The property is just 14.4 miles from the Ontario International Airport and 68 miles from the Port of Long Beach and Port of Los Angeles. The Inland Empire offers a geographical advantage by providing access to numerous domestic and international markets (particularly the Pacific Rim markets), skilled labor pool, quality of life, attractive amenities, and relatively inexpensive housing. As a result, the Inland Empire now serves as a main distribution hub for products moving through the national supply chain from the Ports of L.A. and Long Beach.

> ACCESS TO FREEWAYS

· I-215 (4.10 miles) · I-10 (0.23 miles)

> DRIVING DISTANCE TO PORTS OF LA/LONG BEACH

· 67 miles

> DRIVING DISTANCE TO ONTARIO INTL AIRPORT

· 14 miles

> POPULATION

· 10 miles: 561,905 · 15 miles: 1,185,294

STRATEGIC E-COMMERCE LOCATION

HIGHLY-DESIRABLE INLAND EMPIRE LOCATION

15 Miles

30 Miles

45 Miles



> Rare Southern California High-Barrier-To-Entry OpportunitySouthern California serves as the primary U.S. Gateway to Asia and continues to be the strongest industrial market in the United States. This is an opportunity to purchase a large-scale industrial development opportunity in the nation’s most celebrated industrial market.

> Proximity to the Ports of Los Angeles and Long BeachThe driving regional infrastructure advantage for the Inland Empire is proximity to the Ports of Los Angeles and Long Beach. Handling 40% of U.S. container traffic, these global ports are the largest and second-largest port facilities in the U.S. and much of the reason why the Inland Empire’s trucking and warehousing industry is one of the most prominent in the nation. Complementing the ports is the surrounding multi-modal goods transportation infrastructure.

A growing U.S. economy pushed imports up 6.1% annually in November, a new monthly record in the port’s 110-year history. Continued economic growth and aggressive port expansion programs are likely to send cargo volumes even higher for the next several years. The Inland Empire is projected to be one of the fastest-growing large metropolitan area economies by Gross Metro Product in the U.S. from 2016 through 2020 (4.2%).

> Proximity to International DestinationsOntario International Airport is a full-service hub with commercial jet service to major cities throughout the U.S. and internationally. The airport also functions as an important cargo airport and is UPS’s major southwestern gateway hub for sorting and distributing its international packages inbound from the Pacific Rim. LAX is the primary airport serving Greater Los Angeles and is the sixth-busiest airport in the world by passenger traffic. Excluding connecting flights, LAX is the #1 airport in the world and serves nearly 70 airlines.

Port of Long Beach

Los Angeles Int. Airport

10INTERSTATE



> Favored Corporate LocationTenants are attracted to the Inland Empire because it offers newer, functional state-of-the-art industrial product in close proximity to the Ports of L.A. and Long Beach. The region also features a convenient freeway accessible location, lower cost of living and abundant labor pool. A number of prestigious “Big Box” users have substantial operations in the Inland Empire, which is the largest big-box industrial market in North America with 513.7 M square feet of product, a vacancy rate of 3.8%, and average asking rents of $0.59 psf.

> Employment & Population Growth2018 marked the sixth consecutive year of expanding job growth in the Inland Empire, with over 17,000 jobs added in the last 12 months.This represents a 2% rate of job growth which is significantly higher than the statewide average of 0.6% for this same time period. The unemployment rate in the Inland Empire was 4.6% as of September 2018 and has been steadily decreasing over the past eight years. Population growth has remained robust, with Riverside County adding 37,000 new residents from 2016 to 2017, making it the third fastest growing population of any county in the United States, followed by San Bernardino which added over 20,000 residents in this same time period.



MARKET INDICATORS - 2Q’18

HISTORICAL VACANCY V. RENTS

> Inland Empire Industrial MarketThe Inland Empire market remains the most sought-after warehouse/distribution market in the U.S. with the lowest vacancy rate and highest rental rate of comparable markets with major distribution hubs.

Developers remain interested in new speculative construction activity. In the past 12 months, a total of 28.5 million square feet of new supply was added to the base. During this time, the vacancy rate remained low as nearly all new supply was absorbed by large tenants seeking modern distribution centers.

Vacancy 3.8%

Net Absorption 10.8 Million SF

Under Construction 19.8 Million SF

Asking Rents $0.59 PSF

MARKET OVERVIEW

> The Inland Empire Net Absorption Sees Greatest MomentumIn the Inland Empire, vacancy fell 50 basis points to 3.8%, its lowest point on record. Vacancy remains tightest at 1.8% in the West Inland Empire compared to 6.5% in the East Inland Empire.Average monthly asking rents held steady at $0.59 per square foot (PSF) triple net (NNN) over the last quarter and have increased $0.04 over the past 12 months. New supply may raise vacancy rates in future quarters, albeit at a slow pace due to increased industrial demand. Absorption is likely to remain positive for future quarters as fully leased buildings are constructed. Growing tenants have few options in Southern California, and the Inland Empire will attract tenants from infill markets who cannot find space to meet their needs.

The vacancyrate in Corona is

the 5th lowest inIE submarkets

2.4%Asking rents

have increased

in the IE Yr-Over-Yr

7.4%

Positive netabsorption for the

consecutive quarter

35th

Colliers Investment Services GroupWestern Region

Not for sale

Colliers International2855 E Guasti Road | Suite 401

Ontario, CA 91761 | United States colliers.com

SHAWN O’GORMANPresidentLic. 00863348 +1 951 683 [email protected]

RICHARD SCHWARTZ, SIORSenior Vice PresidentLic. 01712680 +1 909 937 [email protected]

JOEY REAUMEVice PresidentLic. 01918579 +1 909 612 [email protected]

Colliers Investment Services GroupWestern Region

BRICE LARSONAssociateLic. 02056356 +1 909 937 [email protected]

Not Part of Sale

2245 w valley boulevard - loopnet · santa clarita santa fe springs beverl hills studio city...

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