center ±2,580 sf for lease prime arcadia anchored …€¦ · or to contain all of the information...

Shumei Kam 甘淑梅Executive Vice President 626-462-5678 Direct [email protected] DRE License # 00798181

Exclusive Investment Advisor:Coldwell Banker CommercialGeorge Realty1611 South Garfield Avenue # 200Alhambra, CA 91801

COMMERCIAL

PRIME ARCADIA ANCHORED SHOPPING CENTER

±2,580 SF for LEase

1139 W. Huntington Drive, Arcadia, CA 91007

CENTER

TABLE OF CONTENTS

01CONFIDENTIALITY AGREEMENT

02LEASE SUMMARY

03MAPPING

04PROPERTY PHOTOS

05SURROUNDINGS AMENITIES

06AREA OVERVIEW

© 2019 Coldwell Banker Real Estate Corporation. Coldwell Banker Commercial is a registered trademark licensed to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Each Office Is Independently Owned And Operated Except Office Owned AndOperated By NRT Incorporated. The information above are from sources we believe to be reliable. We have not verified its accuracy and make no guarantee about it. You and your tax and legal advisors should conduct your own investigation of the property and transaction. P. 3

Coldwell Banker Commercial George Realty (hereinafter “CBC George Realty”) has been retained as the exclusive advisor and broker regarding the sale of the “Property“ located at 1139 W. Huntington Drive, Arcadia, CA 91007.

This Offering has been prepared by CBC George Realty for use by a limited number of parties and does not purport to provide a necessarily complete summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. All projections have been developed by CBC George Realty, the Owner, and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and, therefore, are subject to variation. No representation is made by CBC George Realty or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in

verifying all such information. Further, CBC George Realty, Owner, and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omission from, this Investment Offering or any other written or oral communication transmitted or made available to the recipient. This Offering does not constitute a representation that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the package. Analysis and verification of the information contained in this package is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective investors.

Owner and CBC George Realty each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers regarding the Property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this Offering or making an offer to purchase the Property unless and until a written agreement for the purchase of the Property has been fully executed, delivered, and approved by Owner and its legal counsel, and any conditions to Owner’s obligations

thereunder have been satisfied or waived. CBC George Realty is not authorized to make any representations or agreements on behalf of Owner.

This Offering and the contents, except such information which is a matter of public record or is provided in sources available to the public (such contents as so limited herein are called the “Contents”), are of a confidential nature. By accepting the package, you agree (i) to hold and treat it in the strictest confidence, (ii) not to photocopy or duplicate it, (iii) not to disclose the package or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or CBCAdvisors, (iv) not use the package or any of the contents in any fashion or manner detrimental to the interest of Owner or CBC George Realty, and (v) to return it to CBC George Realty immediately upon request of CBC George Realty or Owner.

If you have no further interest in the Property, please return this Investment Offering forthwith.

01CONFIDENTIALITY AGREEMENT

PRIME ARCADIA H MART ANCHORED SHOPPING CENTER

±2,580 SF for LEase



02LEASE SUMMARY

Located in the most popular and highly visable shopping center with anchor tenants including H Mart Korean Supermarket, Fika Fika Coffee & Ice Cream, Melrose Style, Elite Educational Institute, a lease space that is move-in ready for banks, financial companies or bring your ideas. Existing bank set up including a vault and ATM system all in place; previous tenant had been operating a bank in this location for more than 30 years.

This shopping center is a destination retail center with heavy retail traffic and ample parking. Take advantage of a thriving shopping center that boasts name recognition within the West San Gabriel Valley market and beyond. This space is fit for many business purposes with foot traffic already in place and a high traffic count location. Freeway close, easy access, professionally managed. This unit is located 1139 W. Huntington Dr. Arcadia. Walk Score

71Very WalkableMost errands can be accomplished on foot.

Transit Score

61Good TransitMany nearby public transportation options

Walk Score®

Available Space 1139 W. Huntington DriveArcadia, CA 91007

Rental Rate $2.85/RSF

CAM Charge $0.48/RSF

Rentable Area ±2,580 RSF

Best Use for Unit Bank, Retail

Parking Spaces 300 Surface Spaces

Year Built 1981

Anchor Tenant H Mart

Lease Terms 5 Years Minimum

Lot Size ±4.78 AC Lot

Occupancy 100%

Lease Summary

Shumei Kam 甘淑梅Executive Vice President 626-202-6446 Cell [email protected] DRE License # 00798181

Please contact agent for a tour.


02LEASE SUMMARYPrimary H MArt anchored center

H Mart is an Korean American supermarket chain operated by the Hanahreum Group headquartered in Lyndhurst, New Jersey. The chain, with locations throughout the United States and Canada, as well as, 2 locations in London (United Kingdom), specializes in providing Asian foods. The chain also operates several Super H Mart stores in the United States. H Mart is the largest Asian American grocery store chain, with 61 locations nationwide.

Type Private Company

Industry Grocery

Founded 1982 (37 years ago)

Founders Il Yeon Kwon

Headquarters Lyndhurst, New Jersey, U.S.

Number of locations 61 (US), 5 (UK), 13 (Canada)

Number of employees ±2,500

Revenue US $1.050 billion (2013)

Website www.hmart.com

Tenant SF Occupied

H Mart Supermarket ± 43,692 SF

Bank Of The West ± 6,390 SF

Fika Fika Coffee Shop ± 2,130 SF

Dr. Alvina Padua DDS ± 1,500 SF

Elite Prep ± 823 SF

Newcastle Cleaners ± 750 SF

Black Diamond Dance & Fitness Studio ± 600 SF

Primary retail tenants


03MAPPINGRegional map

SUBJECTPROPERTY


03MAPPINGLocal map


03MAPPINGAerial view

HUNTINGTON DR.

HUNTINGTON DR.

±28,292 CPD±28,292 CPD

S. MIC

HILLINDA AVE.

S. MIC

HILLINDA AVE.

SUNS

ET B

LVD.

SUNS

ET B

LVD.

SUBJECTPROPERTY


03MAPPINGFloor plan

FLO

OR

PLAN

CRE

ATED

BY

RES

T, IN

FORM

ATIO

N DE

EMED

REL

IABL

E, B

UT N

OT

GUA

RANT

EED

. (62

6) 8

40-1

717

1139

WE

ST H

UN

TIN

GT

ON

DR

IVE

, AR

CA

DIA

RESTROOM

CLOSET

CLOSET

OFFICE 11'2 X 13'3RESTROOM

BREAK ROOM 15'9 X 9'

FR

ELECTRICAL

VAULT

S.D. BOX

S.D. BOX

LOBBY 31' X 22'1



04PROPERTY PHOTOS


05SURROUNDING AMENITIES

ROSEMEAD BLVD.

ROSEMEAD BLVD.

MIC

HILLI

NDA A

VE.

MIC

HILLI

NDA A

VE.

SUN

SET

BLVD

.

SUN

SET

BLVD

.

HUNTINGTON DR.

HUNTINGTON DR.


Arcadia is a city in Los Angeles County, California, United States located about 13 miles northeast of downtown Los Angeles in the San Gabriel Valley and at the base of the San Gabriel Mountains. It is the site of the Santa Anita Park racetrack and home to the Los Angeles County Arboretum and Botanic Garden. The city had a population of 56,364 at the 2010 census, up from 53,248 at the 2000 census. The city is named after Arcadia, Greece.

In 2016, Arcadia was ranked the 5th most expensive housing market in the United States by Business Insider, with an average list of $1,748,680 for a four-bedroom home. In 2012, Arcadia was ranked 7th in the nation on CNN Money magazine’s list of towns with highest median home costs. Arcadia’s Upper Rancho neighborhood was ranked the 23rd richest neighborhood in Southern California by Business Insider in 2014, with a mean household income of $310,779. In 2010, Bloomberg Businessweek named Arcadia as one of the “Best Places to Raise Your Kids” for the second year in a row.

arcadia

06AREA OVERVIEW


06AREA OVERVIEWDEMOGRAPHICS

Population 1-Mile 3-Mile 5-Mile

2024 Projection 30,110 186,761 519,084

2019 Estimate 29,725 184,438 513,969

2010 Census 28,620 177,925 502,981

Growth 2019 - 2024 1.30% 1.26% 1.00%

Growth 2010 -2019 3.86% 3.66% 2.18%

Households

2024 Projection 11,261 66,050 179,533

2019 Estimate 11,120 65,267 177,734

2010 Census 10,732 63,199 173,872

Growth 2019 - 2024 1.27% 1.20% 1.01%

Growth 2010 -2019 3.62% 3.27% 2.22%

2016 Population by Race

White 11,558 84,082 272,120

Black 590 4,026 16,379

Am. Indian & Alaskan 234 1,306 5,408

Asian 16,613 89,878 205,782

Hawaiian & Pacific Island 16 197 898

Other 713 4,948 13,382

Hispanic Origin 5,828 39,051 168,134

*CoStar

*Within 1-Mile Radius

3.79%Population growth

Since 2010*

$96,076Average household

Income*

0.7%Recent job market

Increase

$851,005MEDIAN HOME

VALUE*

36.5%Predicted job growth

In 10 years

28.9 MinAverage Commute

Time


Shumei Kam 甘淑梅Executive Vice President 626-462-5678 Direct

[email protected] DRE License # 00798181

Exclusive Investment Advisor:

1611 South Garfield Avenue # 200Alhambra, CA 91801

COMMERCIAL

center ±2,580 sf for lease prime arcadia anchored …€¦ · or to contain all of the information...

Documents