owner-user investment or situated on 2 legal parcels...
TRANSCRIPT
± 24,500 SF FACIL ITY SITUATED ON 2 LEGAL PARCELS
TOTALING ± 13.47 ACRE
O W N E R - U S E R I N V E S T M E N T O R D E V E L O P M E N T O P P O R T U N I T Y2 8 1 4 1 K E L LY J O H N S O N P K W Y V A L E N C I A , C A
Kelly Johnson Parkway
No warranty, express or implied, is made as to the accuracy of the information contained herein. this in-formation is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information con-tained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. NAI Capital CA BRE #01990696
27451 Tourney Rd., Suite 200Valencia, CA 91355
Yair Haimoff, SIORExecutive Managing [email protected] BRE Lic #01414758
Matt SredenSenior [email protected] BRE Lic #01907628
P R I M A R Y C O N TA C T S
Andrew GhassemiSenior [email protected] BRE Lic #01963548
1THE OFFERING
2PROPERTY
INFORMATION
3LOCATION
INFORMATION
I THE OFFERING
THE OFFERING NAI Capital, Inc. is proud to present an investment/development opportunity to
purchase 24,500 +/- SF facility formerly occupied by Albert Einstein Academy
of Letters, Arts and Sciences and used as a public charter school that is
situated on 2 Legal Parcels totaling 13.47 +/- Acres with potential Development
Opportunity. Parcel 1 has an existing two-story 24,500 +/- sf structure that is
situated on 7.5 +/- acres. Parcel 2 totals 5.97 +/- acres of paved storage/
parking area.
This value-add property presents an exceptional opportunity to develop an
additional space for school use or other uses such as flex, general or medical
office space on the excess land with the capacity to convert the existing
structure to a general or medical offices in the future.
The property is strategically located in a prime Valencia location that is within
the City of Santa Clarita Jurisdiction. It is situated within the prestigious Rye
Canyon Business Park just minutes from Valencia Town Center Amenities,
Hyatt Hotel and Conference Center, Fitness Centers, Restaurants, Hotels, Golf
Courses, single and multi-family housing and Freeway Onramps.
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
I I PROPERTY INFORMATION
PROPERTY H IGHLIGHTS• Former Public Charter School
• Excellent Investment with Future Development Opportunity in a
Prime Valencia Location
• Existing Structure Features Excellent and functional layouts that is
Elevator Served
• Currently Vacant
LOCATION HIGHLIGHTS• 24,500+/- SF facility Situated on 2 Legal Parcels totaling 13.47 +/-
Acres
• Close Proximity to Newhall Ranch Development of more than
20,000 new homes
• Quickly accessed from anywhere in the submarket and features
easy access and abundant parking
• Minutes from Valencia Town Center Amenities, Restaurants, Hotels,
Golf Courses and Freeway Onramps
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
A D D R E S S 28141 Kelly Johnson Parkway, Valencia, California
PA R C E L N U M B E R 2866-048-031 and 2866-048-032
T O TA L B U I L D I N G A R E A 24,500 +/- SF
T O TA L L A N D A R E A 13.47 Acres
S T R E E T F R O N TA G E 650’
O C C U PA N C Y Currently Vacant
T O TA L PA R K I N G Concrete paved; parcel 1: 125 Parking Spaces and parcel 2: 45 parking spaces
A C C E S S I B I L I T Y 3 Staircases and 1 Elevator
Y E A R B U I LT 2006
S T R U C T U R A L Concrete Tilt-Up Construction F I R E A L A R M / S P R I N K L E R S Yes
Z O N I N G BP (Business Park)
T O P O G R A P H Y Flat and Rolling
BUILDING SPECIF ICATIONS
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
Prominent Building Signage
Secured Parking Area with Controlled Access Electric Gates
Motion Sensors
Projection Drops
WiFi Extenders
HDMI Hookups
• 12 Camera System• Classroom Furniture Maybe Available for Purchase • State of the Art Science Lab with Gas, Water and Electrical Connections – Possible Surgery Center
ADDITIONAL IMPROVEMENTS
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
FOR
LET
TER
S, A
RTS
, AN
D S
CIE
NC
ES
TEN
AN
T IM
PRO
VEM
ENT
FOR
:
ALB
ERT
EIN
STEI
N A
CA
DEM
Y 28
141
KEL
LY J
OH
NSO
N P
AR
KW
AY
SAN
TA C
LAR
ITA
, CA
FAX
805
383-
0248
TEL
805
388-
2724
1199
AVE
NID
A A
CA
SO
#A
E-M
AIL
: PIT
TMA
NG
RP
@VE
RIZ
ON
.NE
TC
AM
AR
ILLO
, CA
930
12
A-2.0
FLOOR PLAN NOTES WALL LEGEND
1ST FLOOR PLAN 2ND FLOOR PLAN
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
FOR
LET
TER
S, A
RTS
, AN
D S
CIE
NC
ES
TEN
AN
T IM
PRO
VEM
ENT
FOR
:
ALB
ERT
EIN
STEI
N A
CA
DEM
Y 28
141
KEL
LY J
OH
NSO
N P
AR
KW
AY
SAN
TA C
LAR
ITA
, CA
FAX
805
383-
0248
TEL
805
388-
2724
1199
AVE
NID
A A
CA
SO
#A
E-M
AIL
: PIT
TMA
NG
RP
@VE
RIZ
ON
.NE
TC
AM
AR
ILLO
, CA
930
12
A-2.0
FLOOR PLAN NOTES WALL LEGEND
F IRST FLOOR SPECIF ICAT IONSMultiple small and large Classrooms
Science Lab
Multi-purpose room with maximum capacity of 235 persons
Locker-rooms
Galley/Kitchenette Area
Multiple storage rooms Multiple multi-stall restrooms
Work Room
SECOND FLOOR SPECIF ICAT IONSMultiple small and large Classrooms
Five private offices and faculty lounge
Accessed by three stairways as well as a single elevator
Multiple multi-stall restrooms
PROPERTY AERIAL
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
Kelly Johnson ParkwayConstellation Road
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
I I I LOCATION INFORMATION
E C O N O M I C O V E R V I E W
Santa Clarita has been recognized by several major organizations for its efforts
to foster significant and sustained business growth. The City of Santa Clarita
was named the “Most Business-Friendly City in Los Angeles County” by the Los
Angeles Economic Development Corporation (LAEDC) in 2016. The city of Santa
Clarita boasts over 30 million square feet of high quality office and industrial
space. The city is also home to a Foreign-Trade Zone that comprises much of
the industrial sector of the city, alongside several development initiatives. In
2014, the City of Santa Clarita created the Industry Cluster Attraction Incentive
program to provide tax incentives, matched by the County of Los Angeles, to
qualifying companies that relocate to Santa Clarita. Recipients of this program
qualify can qualify for:
• Exemption from Business License Fees
• Exemption from Utility Users Tax
• Exemption from Gross Receipts Tax
C I T Y O V E R V I E W
The City of Santa Clarita is widely considered to be one of the safest and most
desirable cities to live in in the country. The City of Santa Clarita is the fourth
largest city in Los Angeles County, and the 24th largest city in the state of
California. The City of Santa Clarita was formed in 1987 as an amalgamation
of the unincorporated communities of Canyon County, Newhall, Saugus, and
Valencia. The city occupies most of the Santa Clarita Valley, which includes
several other unincorporated communities, such as Castaic and Stevenson’s
Ranch. The City of Santa Clarita is estimated to have a population of 181,972
in 2016, along with a median household income of $83,554. Additionally, the
city is poised for significant growth, with an additional 21,500 new single-family
housing units slated for new construction under the Newhall Ranch Project over
the next 20 years.
SANTA CLARITA VALLEY
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
T R A N S P O R T A T I O N
Just 10 minutes from the San Fernando Valley, 25
minutes from Burbank Airport, 30 minutes from
downtown Los Angeles and 40 minutes from LAX
Los Angeles International Airport with easy access
to the Tri-Cities, West Los Angeles, and downtown
Los Angeles via Golden State I-5 Freeway. The
Santa Clarita Valley is close to 23 interstate and
local highways providing convenient access to all
areas of the Los Angeles and Ventura Counties.
P O P U L A T I O N G R O W T H
Valencia is located in the desirable Santa Clarita
Valley which is home to growing industries including
Aerospace and Defense, Medical Device, and
Information Technology. Businesses thrive in this
submarket which is a lower cost alternative to the Tri
Cities and Southern Los Angeles County Markets.
W O R K F O R C E
Companies in the Santa Clarita Valley can tap
into 2.7 million workers within a 30-minute
radius. The reverse commute is a plus for
employers and employees alike.
Q U A L I T Y O F L I F E
The Santa Clarita Valley is regarded as a very
desirable area to live. Featuring great schools,
shopping and high overall quality of life. The area
does not suffer from the congestion of south Los
Angeles County, yet is very close.
U N I V E R S I T I E S A N D J O B T R A I N I N G
The Santa Clarita Valley is also close to 15 area
colleges and universities and home to the College of
the Canyons, which is recognized for its leadership
in correlating education with economic growth, job
retention and workforce development.
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
CITY OF SANTA CLARITAO F F I C E M A R K E T
The greater Santa Clarita Valley office submarket is one of the newest markets
in the greater Los Angeles Area. It consists of approximately 210 buildings with
about 4.68 million SF rentable building area. 2.87 Million SF, or about 60% of
all properties, are located within the City of Santa Clarita. As the following chart
shows, a very limited amount of investment went into new office and retail buildings
since 2010.
Currently, there is only a minimal 100,000 SF of new space under construction
with about 426,000 SF of existing vacancy. With an expected 3,130 jobs created
in 2015, this translates into about another year of supply.
The limited inventory increases the demand for existing office buildings. According
to CoStar, the average rent is $28.48/SF or $2.37 per month on a full service basis.
The majority of office properties in the Santa Clarita Valley are Class B products,
similar to the subject. There are only a limited number of newer multi-tenant office
buildings in the area and they are in high demand. Due to limited supply, only three
(3) larger than 10,000 SF office building were sold since January 2014 for a price
ranging from $300.58/SF to $423/SF with an average sale price of $364/SF.
There are no large scale office developments breaking ground in the City of Santa
Clarita. With severely limited new supply, the demand for existing office space is
expected to grow. Due to the increasing demand and low inventory, lease and sale
prices are expected to rise through 2017 and beyond.
With over $25 Billion infrastructure and construction activity currently underway,
the strength of the Los Angeles economy continues to support regional business
in Santa Clarita. Due to its favorable tax and business climate and its reverse
commuting pattern, Santa Clarita offers one of the most desirable office
environments in the region for owner users and investors. In 2015, the office
market is expected to continue its strong recovery with positive net absorption
and rising rent and sale prices. The limited supply and increasing demand for high
quality office space signals that investor confidence will remain strong in the Santa
Clarita Valley for the foreseeable future.
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
SANTA CLARITA OFF ICE SUBMARKETM E D I C A L M A R K E T
• 2.5 Miles from Henry Mayo Hospital a 238 bed community hospital with over
450 doctors
• 10 Area Hospitals serving the extended North LA population
• Antelope Valley Hospital - Lancaster
• Henry Mayo Newhall Memorial Hospital - Valencia
• Kaiser Fnd Hosp - Panorama City - Panorama City
• Los Angeles County Olive View-Ucla Medical Center - Sylmar
• Mission Community Hospital - Panorama Campus - Panorama City
• Northridge Hospital Medical Center - Northridge
• Pacifica Hospital of the Valley - Sun Valley
• Palmdale Regional Medical Center - Palmdale
• Southern California Hospital At Van Nuys D/P Aph - Van Nuys
• Valley Presbyterian Hospital - Van Nuys
• Over 3,000 primary and specialty care physicians.
• Convenient highway access and great visibility for out of town patients
• Satellite location for doctors from Palmdale, Lancaster and other regional hospitals
• Over 1 Million patient population from the market area
• High Income local population in Valencia – elective procedures
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
Santa Clarita is often referred to as the most film-friendly city in America. The local state-of-the-art
facilities include 31 sound stages and 10 movie ranches, occupying 3,553 acres of land. The City’s
Film Incentive Program has contributed $35.25 Million to the community and provided refunds up to 40
different production companies. In 2013, the City generated 1,264 location film days, up 38% from the
previous year. In contracts, total shoot days increased by 11% for the Los Angeles area. Stated differently,
Santa Clarita has one of the fastest growing market shares in the TMZ zone, increasing about three (3)
times the rate of the greater LA area. Local projects generated an estimated $30.5 million in spending on
wages, hotels, catering and other goods and services in the city, up from $21.7 million in 2012, according
to the Santa Clarita film office.
The new facility will be constructed on approximately 56-acre of Golden Oak Ranch Property. The
development will provide state-of-the-art-studios facilities for a variety of film and television production
projects here in the Santa Clarita Valley on a small piece of the development on the westernmost portion
of the Ranch.
As of January 2015, there were two (2) alternative construction plans: One plan suggested 8 sound stages
and 510,000 square feet of indoor studio facilities, while the other includes 12 sound stages and 555,960
square feet of indoor state-of-the-art studio space.
In August 2013 the County Board of Supervisors granted tentative approval for both versions of the
project. The Los Angeles County Board of Supervisors in January of 2014 also granted permission for the
construction of either plan. Construction is scheduled to start before the end of 2015, however, no final
decision has been made as to which plan will be implemented.
D I S N E Y / A B C S T U D I O S A T T H E R A N C H
SANTA CLARITA MEDIA SUBMARKET
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
The greater Santa Clarita Valley industrial submarket is one of the newest markets
in the greater Los Angeles Area. It consists of approximately 550 buildings with
a rentable building area just under 20,000,000 square feet.
The average industrial vacancy rate in the Santa Clarita Valley is under two (2%)
percent with no vacancy in the Centre Pointe Business Park. There is a very limited
supply of similar Class A product available in the surrounding areas.
The majority of industrial properties in the Santa Clarita Valley are warehouse,
light manufacturing, R&D, and flex buildings. There are only a limited number
of newer multi-tenant industrial buildings in the area and they are typically fully
leased. Due to limited supply, only a few similar Class A properties were sold
in the Santa Clarita Valley in recent years. The constant demand for flex office
and warehouse space is generated by the local manufacturing sector and the
entertainment industry that support the Hollywood/Burbank media complex.
The most significant industrial development underway is the 58 acre Disney/ABC
studio complex which will consist of 12 sound stages. The project is scheduled
to be completed in the near future and is expected to generate 2,854 high paying
permanent jobs and $533 Million in annual economic activity.
The development has already started to increase demand in the area for
industrial and flex spaces that has translated into slightly higher rental rates.
With increasing demand and very low existing inventory, lease and sale prices
will continue to rise through 2017 and beyond.
SANTA CLARITA VALLEY INDUSTRIAL SUBMARKET
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
LOS ANGELES COUNTY O F F I C E M A R K E T
The greater Los Angeles basin is the heart of the
economic activity in Southern California. It is the
2nd largest GDP center in the United States and
represents the 3rd largest economic center in the
world with $775 Billion a year economic output.
The area has one of the largest office markets in
the Western United States with about 300 Million
square feet of inventory.
Los Angeles County covers 4,061 square miles
including the Santa Catalina Island. Los Angeles
County is the most populous county in the United
States with a population of 9.9 million people
including about 1 million that live in unincorporated
areas. The County is comprised of approximately
88 vibrant and diverse cities and communities.
The County has a labor force of more than 4.7
million and it boasts of one of the most educated
employment markets in the nation with more
than 1.5 million college graduates. Throughout
the recent decades, LA County has developed
a diverse economic base, supported by more
than 244,000 business establishments – the
greatest concentration in California. Los Angeles
County is recognized worldwide as a leader
in entertainment, health sciences, business
services, aerospace and international trade.
A large number of Fortune 500 companies are
headquarters in the area that ensures a consistent
demand for office space.
In the 4Q/2014, Los Angeles County added 113,300
new jobs to its labor force extending its economic
recovery. The demand for office space continued to
increase with a positive net absorption of almost 2
Million square feet, reducing vacancy to 15.9%. In
4Q/2014 alone, there were almost 21 Million square
feet of office space leased out with an average rate
of $2.46 PSF on a full service basis.
Currently, there is only about 3 Million square feet
of office space under construction. Los Angeles is
a developed market with virtually no vacant land
available for new development. The lack of vacant
land and high land prices for re-development
opportunities increase the barriers to entry to the
point where new developments represent only 1%
of the existing stock. The limited new supply coming
to the market supports the continued demand for
existing office space through 2017 and beyond.
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
LUXEN HOTELDescription: 42 Rooms
Status: Under Construction
NEEDHAM RANCHDescription: 4.2mm SF (Industrial/Commercial)
Status: 4.2mm SF (Industrial/Commercial)
MASTER’S COLLEGEDescription: 10 Year Plan to
add 42 Residential Apartments and 250,000 SF of
Educational BuildingsStatus: Approved
VISTA CANYONDescription: 1,110 Residential Units, and over 950,000 SF of Corporate Office and Industrial
Status: Under Construction
DISNEY AT THE RANCH – ABC STUDIOSDescription: 58 Acres of Studio Space and
Corporate OfficesStatus: In Process of Project Approval
SAUGUS STATION INDUSTRIALDescription: 43 Acres of Industrial
and Office FlexStatus: Approved and in Entitlements.
Rough Grading Completed
NEW DEVELOPMENTS
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
Starbucks Coffee
Valencia Country Club
Mexican CuisineBurger CuisineFitness Centers
Westfield Valencia Town Center
Super Markets & Grocery Stores Asian Cuisine Restaurant Bars & Pubs
AREA RETAILERS
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
Vista Valencia Golf Course
SITE
14
126
5
Bouquet Cyn Rd
Soledad Cyn Rd
Newhall Ranch Rd
Golden Valley Rd
Railroad A
ve
Lyons Ave
ENTRADA DEVELOPMENT 1,600 Residential Units
ENTRADA GATEWAY CENTER75 Acres of Mixed Use Development:Office, Retail and Residential Condos
9 Million SF Of Business Development
NEWWHALL RANCH12,000 Acres; 21,000 Homes
TPC Valencia Golf Course
Valencia Country
Club
W S Hart Union High School
West Ranch High School
Golden Valley High School
Jereann Bowman High School
Canyon High School
Saugus High School
Valencia High School
Santa Clarita Valley International School
5
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
DEMOGRAPHICS1 Mile 3 Mile 5 Mile
PopulationEstimated Population (2017) 4,048 65,239 152,891Projected Population (2022) 4,155 66,906 156,879Census Population (2010) 2,580 60,091 144,198
HouseholdsEstimated Households (2017) 1,364 20,229 49,684Projected Households (2022) 1,418 21,058 51,693Census Households (2010) 895 18,387 46,318Census Households (2000) - 11,344 32,045Projected Annual Growth (2017-2022) 54 830 2,009Historical Annual Change (2000-2017) 1,364 8,885 17,639
Household IncomeEstimated Average Household Income (2017) $130,742 $129,865 $126,701Projected Average Household Income (2022) $169,832 $163,642 $159,211Census Average Household Income (2010) $112,509 $107,781 $107,428Census Average Household Income (2000) - $92,176 $89,802Projected Annual Change (2017-2022) $39,089 $33,777 $32,510Historical Annual Change (2000-2017) $130,742 $37,689 $36,899Estimated Median Household Income (2017) $120,359 $114,377 $111,517Projected Median Household Income (2022) $140,866 $132,893 $129,288Census Median Household Income (2010) $87,581 $93,267 $93,176Census Median Household Income (2000) - $79,034 $78,550Projected Annual Change (2017-2022) $20,507 $18,516 $17,771Historical Annual Change (2000-2017) $120,359 $35,343 $32,967
Race and EthnicityTotal Population (2017) 4,048 65,239 152,891White (2017) 2,320 40,744 102,332Black or African American (2017) 307 4,661 7,959American Indian or Alaska Native (2017) 12 229 689Asian (2017) 975 9,565 20,525Hawaiian or Pacific Islander (2017) 9 88 208Other Race (2017) 158 6,798 13,681Two or More Races (2017) 267 3,154 7,496
Daytime Demographics (2017)Total Businesses 606 3,928 6,458Total Employees 6,414 51,041 76,413Company Headquarter Businesses 5 27 35Company Headquarter Employees 513 3,868 5,186Employee Population per Business 10.6 to 1 13.0 to 1 11.8 to 1Residential Population per Business 6.7 to 1 16.6 to 1 23.7 to 1Adj. Daytime Demographics Age 16 Years + 7,224 71,986 121,089
N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S
No warranty, express or implied, is made as to the accuracy of the information contained herein. this information is submitted subject to errors, omissions, change of price, rental or other conditions, with-drawal without notice, and is subject to any special listing conditions imposed by our principals. cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. NAI Capital CA BRE #01990696
27451 Tourney Rd., Suite 200Valencia, CA 91355
Yair Haimoff, SIORExecutive Managing [email protected] BRE Lic #01414758
Matt SredenSenior [email protected] BRE Lic #01907628
P R I M A R Y C O N TA C T S
Andrew GhassemiSenior [email protected] BRE Lic #01963548