ground-up mixed-use urban development project · newhall crossings for lease. total retail project:...
TRANSCRIPT
NEWHALL CROSSINGS
FOR LEASETOTAL RETAIL PROJECT: 20,000 SF
GROUND-UP MIXED-USE URBAN DEVELOPMENT PROJECT
Old Town NewhallNewhall, CA
25060 Avenue Stanford, Suite 165 | Valencia, California 91355 661.705.3550 • naicapital.com
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, 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 contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the infor-mation described herein. Logos are for identification purposes only and may betrademarks of their respective companies. NAI Capital, Inc. Cal DRE Lic. #01990696.
Average Household Income
1 Mile 3 Miles 5 Miles
$100,591 $124,377 $128,962
Daytime Population
1 Mile 3 Miles 5 Miles
5,796 34,571 70,870
Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
Primary Contacts:
Developer:
Population
1 Mile 3 Miles 5 Miles
15,495 66,564 164,845
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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PROPERTY HIGHLIGHTS & LOCATION
Serrano Development Group, Inc. (SDG) is a multifaceted real estate investment and development company based in Los Angeles. Since its inception in 2003, SDG and partners have developed multifamily, industrial, retail and office projects throughout the southwestern United States. SDG collaborates with a seasoned team of design professionals, contractors and financial investors to make every project successful.
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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PROPERTY HIGHLIGHTS & LOCATION
GROUND-UP URBAN DEVELOPMENT
• Old Town Newhall, Santa Clarita, CA
• Newhall Crossings will be the northern anchor of the premier pedestrian oriented commercial corridor in Santa Clarita
• Master College/College of the Canyons/Cal Arts
• Adjacent to City Public Parking Structure- 372 parking spaces
• The project is adjacent to Laemmle 7-Screen 500 seat Theater projected to attract 250,000 customers annually
• Rental Range of $3.00 to $3.50 PSF NNN
• Metrolink Station Directly Adjacent to Project
• 47 apartment units on site
• Strong Mix of Both Daytime & Nightime Population in the Immediate Trade Area
• Santa Clarita Ranked in the Top 10 Safest Cities in The Nation
SITE
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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SITE PLAN
CITY PARKING STRUCTURE
LAEMMLE THEATER
MA
IN S
TREE
T
RA
ILR
OA
D A
VEN
UE
LYONS AVENUE
9TH STREET
PUBLIC PLAZA
PROPOSED SEPARATEPROJECT
PROPOSED SEPARATE PROJECT
SUITE 110 SUITE 120
SUITE130
SUITE 100
SUITE 150
SUITE 140
22500 LYONSAVENUE
SUITE 160SUITE 150
SUITE 140
SUITE 130
SUITE 120
SUITE 110
SUITE100
USEABLE AREA: 1,768 SFFLOOR AREA: 1,980 SF
22551 9TH STREET
24480 MAIN
2445
0 M
AIN
252 SF
USEABLE AREA: 1,580 SFFLOOR AREA: 1,770 SF
USEABLE AREA:1053 SF
FLOOR AREA:1179 SF
USEABLE AREA: 2041 SFFLOOR AREA: 2286 SF
USEABLE AREA: 2,411SFFLOOR AREA: 2,700 SF
USEABLE AREA:1,371 SF
FLOOR AREA:1,536 SF
USEABLE AREA: 1,095 SFFLOOR AREA: 1,226 SF
USEABLE AREA: 1,582 SFFLOOR AREA: 1,772 SF
USEABLE AREA: 1,245 SFFLOOR AREA: 1,394 SF
USEABLE AREA: 1,474 SFFLOOR AREA: 1,651 SF
USEABLE AREA: 1,115 SFFLOOR AREA: 1,249 SF
USEABLE AREA: 1,235 SFFLOOR AREA: 1,383 SF
USEABLEAREA: 707 SF
FLOORAREA: 792 SF
1905
SF
SUITE # SF
24480 MAIN STREET100 2,124110 1,846120 1,631130 1,115140 1,429150 2,499
24450 MAIN STREET100 757110 1,300120 1,197130 1,530140 1,290150 1,656160 1,148
USEABLEAREA
2,0411,7681,5801,0531,3712,411
7071,2351,1151,4741,2451,5821,095
FLOORAREA
2,2861,9801,7701,1791,5362,700
7921,3831,2491,6511,3941,7721,226
Suite No. Floor Area
24480 Main Street
100- Rustic Burger House 2,286 SF
110 1,980 SF
120- Grit And Gratitude Pilates 1,770 SF
130- Pop’s Artisanal Creamery 1,179 SF
140 1,536 SF
150 2,700 SF
24450 Main Street
100 792 SF
110 1,383 SF
120 1,249 SF
130- C’est L’amour Nail* 1,651 SF
140 1,394 SF
150 1,772 SF
160- SNDWCH* 1,226 SF
*Pending
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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PROPERTY RENDERINGS
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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PROPERTY HIGHLIGHTS
Old Town Newhall Project
• Old Town Newhall, Santa Clarita, CA
• Prime Main Street Location
• Ground-Up Urban Development
• Located in Old Town Newhall on Main St.
• Newhall Crossings will be the northern anchor of the premier pedestrian
oriented commercial corridor in Santa Clarita
• Adjacent to City Public Parking Structure- 372 parking spaces
• The project is adjacent to Laemmle 7-Screen 500 seat Theater projected
to attract 250,000 customers annually
• Available Retail Suites: 1,000 Sf to 7,000 Sf
• Rental Range of $3.00 to $3.50 PSF NNN
• Metrolink Station close by
• 47 apartment units on site
• Main Street includes many ongoing local events
• Beautiful central courtyard with outside seating
• Area restaurants includes: The Cheesecake Factory, Lazy Dogs,
Wokcano, Toppers Pizza and more!
Rate $3.00 to $3.50 PSF NNN
Unit Size 1,000 - 7,000 SF
Total 20,000 SF
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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OLD TOWN NEWHALL PHOTOS
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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LOCAL AREA
SITE
SITESanta Clarita Complex
SITEGolden Valley High School
TARGET
Vista Valencia Golf Course
Sierra Hwy
Golden Valley Rd
Sol
edad
Cyn
Rd
Ra
ilroa
d A
ve
Magic Mountain Pkwy
Soledad Cyn Rd
Bou
quet
Cyn
Rd
Newhall Ranch Rd
Placerita Cyn RdLyons Ave
Th
e Old
Rd
14
5
SITE
®
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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HALL CRO
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LOCAL AREA
SITE
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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MAIN STREET RETAILERS
SITE
Main St
Walnut Ave
Market St
9th St
8th St
Chestnut St
Railroad Ave
Newhall Ave
Lyons Ave
1 Old Town Newhall Library
2 Egg Plantation
3 Way Station Coffee Shop
4 Jazmin’s Bakery
5 KHTS Radio Station
6 Newhall Refinery
7 Canyon Theatre Guild
8 Southern Smoke & BBQ & Brew
9 Newhall Paint Store
10 Maria’s Deli
11 Honu Coffee
12 Crossfit Bui lding Block
13 Yoga Yoga
14 El Trocadero Mesquite Steakhouse
15 The Main
16 Pulchel la Winery
17 Luscious Soul
18 Faking It Flawless
20 Brewery Draconum
21 Organic Sweat Shack
22 Hoi Polloi Winery; Double Trouble Room
23 Coffee Kiosk
24 The Junction
25 Metro PCS
28 El Taco Llama
19 Laemmle Theater
26 Nightingale Boutique
27 Luxen Hotel
Coming Soon
191
8
20
2
9
21
28
3
10
22
26
4
11
15
23
27
5
12
16
24
6
1317
257
14
18
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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SANTA CLARITA PIPELINE PROJECTS
LUXEN HOTELDescription: 42 RoomsStatus: Under Construction
NEEDHAM RANCHDescription: 4.2mm SF (Industrial/Commercial)Status: Under Construction
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 650,000 SF of Corporate OfficeStatus: Under Construction
DISNEY AT THE RANCH – ABC STUDIOSDescription: 58 Acres of Studio Space and Corporate OfficesStatus: Approval
SAUGUS STATION INDUSTRIALDescription: 43 Acres of Industrial and Office FlexStatus: Approved and in Entitlements. Rough Grading Completed
SITE
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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MARKET DETAILS
The Santa Clarita Valley’s labor market continues to grow year after year; creating an additional 1,700 jobs within the region in 2018. The 2018 unemployment rate averaged 4.6%, which is historically low. Construction and the leisure/ hospitality sector led the way with new jobs. The education, financial, and manufacturing sectors also contributed to the growth of employment opportunities. The labor market is at full employment and jobs continue to be created in the valley economy.
Jobs in the construction sector soared due to many new developments underway, including Needham Ranch, Newhall Ranch and the IAC Commerce Center. As more office and industrial projects in the pipeline are completed, job growth in the professional business sector will accelerate. This is especially true regarding the Newhall Ranch development, which will produce a substantial
volume of new commercial and office square footage.
Consequently, the acceleration in the housing market will lead to an expansion of population and growth. The demand for employees combined with an increase in housing in the region will lead to a demand for goods and services.
The Santa Clarita Valley is the third largest city in Los Angeles county and is home to approximately 300,000 residents. Santa Clarita boasts top-tier education, new home developments and an ever-thriving business community. According to the economic development corporation, Santa Clarita is consistently known as the best, healthiest, safest and friendliest business city to live in. Newhall Crossings is the ideal community hub to cater to the surrounding 100,000 daytime and residential population while servicing the forthcoming Santa Clarita Valley pipeline projects.
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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ON GOING EVENTS ON MAIN STREET
JAM SESSIONS 2nd Thursday of each month from 7:00pm - 9:30pm
Dance to the beat, play an instrument, and expe-
rience something unexpected with JAM Sessions,
fun, interactive music and dance events.
NOTE BY NOTE 4th Thursday of each month from 7:00pm - 9:00pm
Note by Note songwriter’s night is a chance for pro-
fessional and aspiring songwriters to showcase their
songs in front of a live audience and an opportunity
for fans to hear new music.
REVVED UP 2nd Thursday of each month from 7:00pm - 9:30pm
Revved Up is a free monthly car show with a unique
twist. Each month will feature a niche car genre.
Check out beautiful restorations, sweet modifications,
and exceptional craftsmanship while enjoying gourmet
food trucks, adult beverages, and a live band.
SENSES 3rd Thursday of each month from 7:00pm - 9:30pm
Main Street holds an on-going block party between
Market St. and 6th Street that vary in theme from
gourmet food trucks to popular performers in a fun
and festive adult setting.
OTHER EVENTS
Art SLAM, Light Up Main Street, Fourth of July
Parade, Sip N’ Shop, Out West Concert Series,
ArtTree, Forged Ahead Arts
SANTA CLARITA COWBOY FESTIVAL
(Held Annually in April)
The Santa Clarita Cowboy Festival happens to be
one of the biggest Cowboy gatherings in the world.
The action-packed event attracts over 10,000+
attendees each year.
10 BY 10
1st Thursday of each month
10 by 10 is a variety night that gives performers
a chance to take the stage and perform for a live
audience. Performances include but are not limited
to short live theatre pieces, dance, monologues,
improv, comedy, music, and more.
OLD TOWN NEWHALL FARMERS MARKET
Every Saturday
California farmers and specialty food purveyors
come together each Saturday, rain or shine, to
bring you the finest in fresh and seasonal fruits and
vegetables. The Market offers patrons a chance to
come face to face with their food source.
Developer:Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Z. Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
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MARKET DETAILS
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 movieranches, occupying 3,553 acres of land. The City’s Film Incentive Programhas contributed $35.25 Million to the community and provided refunds upto 40 different production companies. In 2018, the City generated 1,376location film days. 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 $33 million in spending on wages, hotels, catering and other goods and services in the city.
Disney / ABC Studios at the RanchThe new facility will be constructed on approximately 58- portion 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. Permits have been obtained and construction is imminent, however, no final decision has been made as to which plan will be implemented.
Santa Clarita Media Sector
DIRECT ECONOMIC ACTIVITY THROUGHOUT LA
$522 million in
ANNUAL ECONOMIC ACTIVITY THROUGHOUT LA COUNTY
$533 million in
3,152NEW JOBS
2,854 PERMANENT FULL &
PART-TIME JOBS
$1.3 million inNEW ANNUAL REVENUES TO
LOS ANGELES COUNTY
$26 million inNEW ANNUAL REVENUES TO THE
STATE OF CALIFORNIA
DURING C O N S T R U C T I O N
AT FULL B U I L D O U T
Disney | ABC Studios at the Ranch, 510,000 SFSource: www.studiosattheranch.com/tour
NAI Capital25060 Avenue Stanford, Suite 165 Valencia, California 91355 661.705.3550www.naicapital.com
Bert Abel Executive Vice President [email protected] Cal DRE Lic. #01206388
John Cserkuti Executive Vice President 661.705.3551 [email protected] Cal DRE Lic. #01267987
C O R N E R O F M A I N S T. A N D LY O N S A V E .N E W H A L L , C A 9 1 3 2 1
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, 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 contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. Logos are for identification purposes only and may betrademarks of their respective companies. NAI Capital, Inc. Cal DRE Lic. #01990696.