downtown pomona masonic property for …...pomona will be connected to los angeles and eastern los...

LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. LEE & ASSOCIATES. This information has been secured from sources we believe to be reliable, but we make no representations or warranties expressed or implied as to the accuracy of the information. References to age or square footage are approximate. Buyer must verify the information and bear all risk for any inaccuracies. Lee & Associates Commercial Real Estate Services.

THE MASONIC TEMPLE OF POMONA

DOWNTOWN POMONA MASONIC PROPERTY FOR SALE | ±15,648 SF

LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. LEE & ASSOCIATES.

LEE & ASSOCIATES-PASADENA155 N. Lake Ave Suite 430Pasadena, CA 91101Corporate ID 0205558


395 South Thomas StreetPomona, CA 91766

CALL FOR OFFERS



EXCLUSIVE ADVISOR:

DAN [email protected]: 01385413

Lee & Associates - Pasadena, Inc.155 N. Lake Avenue, Suite 430Pasadena, CA 91101626.535.9888 | O626.410.6705 | Flee-associates.comCorporate ID 0205558


395 SOUTH THOMAS STREETPOMONA, CA 91766

© 2019 Lee & Associates, Inc. The information contained in this document has been obtained from sources believed reliable. While Lee & Associates, Inc. does not doubt its accuracy, Lee & Associates, 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 nd your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

JODI [email protected]: 01833063




TABLE OF CONTENTS

Section 01Executive Summary

Section 02Property Information

Section 03Potential Uses

Section 04Pricing InformationCall for Offers



01EXECUTIVE SUMMARY

Located in Pomona, California, the Masonic Temple Building is an iconic, specialty property with an architecturally significant design and exceptional location in the Downtown Business District. The subject property consists of ±15,648 sq. ft. with a basement and bonus third floor area not calculated in the square footage. The structure is situated on a single parcel adjacent to a second parcel comprising a gated parking lot.

The City of Pomona is in the Pomona Valley, between the Inland Empire and San Gabriel Valley in Los Angeles County. The Ontario Airport is 12 miles east and Pomona is connected to Downtown Los Angeles and to downtown Riverside via Metrolink. Pomona will be connected to Los Angeles and eastern Los Angeles county via light rail when the Gold Line Foothill Extension is completed in 2026. The City of Pomona’s Fairplex is home to the LA County Fair and Pomona is well-known for its higher education facilities; most notably Cal Poly Pomona and Western University of Health Sciences, located only a half mile from the subject property.

The Masonic Temple of Pomona provide a visionary investor or owner/user with a rare opportunity to acquire a unique and architecturally significant asset. The property will be delivered vacant by close of escrow.

Offers are due no later than 5:00 pm on April 12, 2019.




01EXECUTIVE SUMMARY

POMONA, CA



HIGHLIGHTS• Iconic, Freestanding Commercial Office/Specialty Building in Pomona’s Downtown District

• Visible, Corner Property Built in 1909 featuring high ceilings, large kitchen and meeting hall/auditorium

• Situated within blocks of Pomona City Hall, Civic Center Park and the heart of Downtown Pomona

• MU-CBD Zoning is envisioned to allow either vertical or horizontal mixed-use development in an effort to support a walkable and vibrant Downtown

• Excellent access to I-10 and SR-71freeways

• Walking distance to Pomona Station, Amtrak/Metrolink’s Riverside Line

• 3 minute drive from the future Fuller Seminary campus

PARCELS

ZONINGMU-CBD (Museum, Restaurant, Live-Work)

ADDRESS395 South Thomas St.Pomona, CA 91766(aka 281 W 4th Street)

AMENITIESKitchenAuditorium/Meeting HallSolar Panels

PARCEL # ZONING

8341-005-011 Parking Lot, Parking Structure

8341-005-014 Clubs, Fraternal Organization

BUILDING SIZE SF±15,648 (per assessor)

PARKING RATIO2.5/1,000

YEAR BUILT1909

02PROPERTY

INFORMATION

LAND SIZE SF/AC±27,254 SF / 0.63 AC (per assessor)

*The city of Pomona is in the process of improving its Specific Plan for their Downtown.



PHOTOS02SECTION



PROPERTY AERIAL02SECTION

THOMAS ST.

W. 4

TH

ST.

S. MAIN ST.

W. 3R

D S

T.

N



RETAIL AMENITIES MAP02SECTION

PAR

K A

VE

.

MA

IN S

T.

GA

RE

Y A

VE

.

GIB

BS ST.

W 3RD ST.

MISSION BLVD.

E.1ST ST.

SUPERIOR COURT

PUBLIC LIBRARY

POLICEDEPT. CITY HALL

SCHOOL OFARTS

ANTIQUE ROWARTS COLONY

N

TH

OM

AS

AV

E.

E. 2ND ST.

POMONA CIVIC CENTER PARK

The Fox Theatre

The Glass House

Metro Ale House

O’Donovan’s

SoCal Medical Museum

POMONA STATION

W 4TH ST.

WESTERN UNIVERSITY OF HEALTH SERVICES



N

MAP LOCATION02SECTION

PROPERTY



DEMOGRAPHICS01SECTION

Population 1-Mile 3-Mile 5-Mile

2023 Projection 37,468 191,761 419,979 2018 Estimate 36,105 186,765 407,882 2010 Census 33,280 177,608 387,276 Trends 2018 - 2023 0.74% 0.53% 0.59%

Households 2023 Projection 9,457 49,855 120,252 2018 Estimate 9,155 48,754 117,079 2010 Census 8,508 46,692 111,628 Trends 2018 - 2023 0.65% 0.45% 0.54%

2018 Est. Population by Single-Classification Race White Alone 17,819 88,498 207,949 Black or African American Alone 1,487 11,197 22,392 American Indian and Alaska Native Alone 497 2,108 3,878 Asian Alone 2,314 18,586 55,788 Native Hawaiian and Other Pacific Islander Alone 50 339 807 Some Other Race Alone 13,634 57,539 97,057 Two or More Races 1,668 8,498 20,012

2018 Est. Population by Ethnicity (Hispanic or Latino) 31,355 133,254 238,081 2018 Est. Average Household Income $52,124 $74,706 $88,400



Top Employers in Pomona

1. Pomona Valley Hospital Medical Center

2. California Acrylic Industries (Cal Spas)

3. Casa Colina Rehabilitation

4. Verizon

5. Royal Cabinets

6. Hayward Industries

7. First Transit

8. Interstate Brands West Corp (Wonder Bread)

9. Wal-Mart

10. Pioneer Electronics

City Statistics - 2016

Land Area: 22.84 square milesFounded: 1888County: Los Angeles

Population: Total: 152,476Males: 77,504 (50.8%)Females: 74,972 (49.2%)Median resident age: 30.2 years

Education:• High school or higher: 67.2%• Bachelor’s degree or higher: 16%• Graduate or professional degree: 3.6%• Unemployed: 9.9%

Estimated median household income: $53,972

Estimated per capita income: $17,756

Marital Status:• Never married: 49%• Now married: 38.7%• Separated: 2.5%• Widowed: 3.2%• Divorced: 6.6%

Foreign Born Residents: Total: 51,618

4.9% Asia26% Latin America33.7% Total in the City

Unemployment: 5.8%

Estimated median house or condo value: $359,700

Median gross rent: $1,298

AREA SUMMARY02SECTION



03POTENIAL USES

ZONING USES

The Mixed-Use – Central Business District (MU-CBD) is intended to allow for both horizontal and vertical mixed-use development in order to support a vibrant downtown environment which would include an increased level of entertainment, dining, shopping and living options for the community. City staff has proposed changes to the existing land use and zoning ordinances with the following noteworthy changes:

• Increase Residential Density from an average of 80 du/ac to up to 100 du/ac• Increase Building Height Maximum from 9 stories to 12 stories• Setbacks proposed for 0 feet (front), 10 feet (side), 1 foot (rear)

Pomona’s commitment to revitalizing their downtown district is evidenced by the fact that the city has successfully attracted Fuller Seminary’s 13-acre campus from Pasadena to Downtown Pomona, the commitment of Maya Cinemas to build a multi-screen movie theatre in the Arts Colony District near the subject property and the plans to build a 700+ space parking structure in the downtown.

Contact brokers for more information on potential allowable uses.

Please be advised that the aforementioned information is presently in the approval process with the City of Pomona. Prospective buyers should verify with all appropriate government agencies in respect to their intended use.



04PRICING INFORMATION

CALL FOR OFFERS

PRICING INFORMATION

• Purchase Price: $3,395,000

• Premises: ±15,648 SF

• Land Size: ±27,254 SF (0.63 AC)

CALL FOR OFFERS

Submission Deadline

Seller will accept offers from sincere and qualified buyers no later than 5:00 p.m. PDT on

April 12, 2019. Prospective buyers and/or their representatives are required to contact Listing

Broker prior to submission for pertinent information regarding the subject property. Please do

not disturb the current occupants and direct all inquiries/ correspondences regarding the sale

of the property to the Listing Broker:

Dan Bacani, PrincipalLicense #01385413Tel 626 240 2781Cel 626 242 7790Fax 626 [email protected]

Jodi Shoemake, PrincipalLicense #01833063Tel 626 240 2780Cel 818 383 5163Fax 626 [email protected]



Lee & Associates - Pasadena, Inc.

155 N Lake Avenue | Suite 430

Pasadena, CA 91101

Office: 626.535.9888

Fax: 626.410.6705

lee-associates.com

Corporate ID 02059558

downtown pomona masonic property for …...pomona will be connected to los angeles and eastern los...

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