woodland - loopnet

For SALE

WOODLANDB U S I N E S S PA R K

1 1 5 0 - 1 1 7 8 N K N O L LW O O D C I R C L E 2 6 2 1 - 2 6 5 1 W O O D L A N D D R I V E

A N A H E I M , C A L I F O R N I A

Small Warehouse Units For SALE Rare OwnerShip Opportunity

2

DISCLAIMERThis confidential Offering Memorandum (this “Memorandum”) is being delivered subject to the terms of the Confidentiality Agreement personally or electronically signed by you (the “Confidentiality Agreement”) and constitutes part of the Evaluation Material (as defined in the Confidentiality Agreement). It is being given to you for the sole purpose of evaluating the possible acquisition of Woodland Business Park, Anaheim, CA (the “Property”), and is not to be used for any other purpose or made available to any other party without the prior written consent of the “Owner” or Voit Real Estate Services (“Broker”).

This Memorandum was prepared by the Broker based on information supplied by the Owner and the Broker. It contains selected information about the Property and the real estate market but does not contain all the information necessary to evaluate the acquisition of the Property. The financial projections contained herein (or in any other “Evaluation Material”, including any computer diskettes or files distributed to you via email from Broker accessible online through Broker’s website) are for general reference only. They are based on assumptions relating to the general economy and local market, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents.

While the information contained in this Memorandum and any other Evaluation Material is believed to be reliable, neither Broker nor Owner guarantees its accuracy or completeness. Because of the foregoing and since the Property will be sold on an “As-Is, Where-Is” basis, a prospective purchaser must make its own independent investigations, projections and conclusions regarding the acquisition of the Property without reliance on this Memorandum or any other Evaluation Material. Although additional Evaluation Material, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing progresses, prospective purchasers should seek advice from their own attorneys, accountants, and engineering and environmental experts.

Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the Property or to terminate any negotiations with any party at any time with or without written notice. Owner shall have no legal commitment or obligations to any prospective purchaser unless and until a written purchase and sale agreement has been fully executed, delivered and approved by Owner and any conditions to Owner’s obligations therein have been satisfied or waived.

Owner has retained Broker as its exclusive broker and will be responsible for any commission due to Broker in connection with a sale of the Property pursuant to a separate agreement. Broker is not authorized to make any representation or agreement on behalf of Owner. Each prospective purchaser will be responsible for any claims for commissions by any other broker in connection with a sale of the Property if such claims arise from acts of such prospective purchaser or its broker.

This Memorandum is the property of the Owner and Broker and may be used only by parties approved by the Owner and Broker. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as permitted under the Confidentiality Agreement.

OFFERING MEMORANDUM

TABLE OF CONTENTS

4 PROPERTY OVERVIEW

11 AVAILABILITIES

14 MARKET OVERVIEW

19 ZONING AND USES

20 DEMOGRAPHICS



P R O P E R T Y O V E R V I E W

PROPE RT Y OV E RV IE W

5

Woodland Business Park in Anaheim is a multi-tenant industrial condominium project located in West Anaheim. The business park is conveniently located just off the 5 and 91 freeways offering ease of access to tenants and related vendors. The property features a well-maintained environment, generous parking, and close proximity to a major intersection, Magnolia Ave & La Palma Ave.

The sale of these units offers a rare opportunity for a multitude of buyers including, but not limited to small businesses, investors, hobbyists, and those in need of personal warehouse and/or office space.

Property ownership carries many advantages over leasing, including tax benefits such as depreciation and interest deductions, property appreciation, equity buildup, possible fixed occupancy costs, etc. Currently, buyers may take advantage of record low interest rates and aggressive SBA financing when securing capital for commercial property purchase.

Nearby amenities include Disneyland, Anaheim Convention Center, Anaheim GardenWalk, Downtown Buena Park, Knott’s Berry Farm, Angel’s Stadium, Honda Center, multiple food and dining options, and major retail centers. Unlike any other comparable property on the market, Woodland Business Park combines convenience and efficiency for its future owners.

UNIT SIZES (SF) 1,054 - 6,912 SF

NUMBER OF UNITS Up to 31

PRICE PSF $300.00

EXECUTIVE SUMMARY

PROPERT Y FEATURES � Immediate Access to the 5 & 91 freeways

� Central North OC Location

� Lower Anaheim Utilites

� Located in an Affluent Area of Orange County

PROPERT Y DESCRIPTION

ADDRESS1150-1178 N Knollwood Circle, Anaheim, California 90801 2621-2651 Woodland Drive, Anaheim, California 90801

PROPERTY TYPE Multi-Tenant Industrial Park

SIZE 53,437 SF

LOT SIZE 163,162 SF

PARKING Ratio 3 : 1,000 SF (please verify)

LOADING Ground Level

YEAR BUILT 1976

CONSTRUCTION Reinforced Concrete

ZONING Industrial

SPRINKLERS None

CLEAR HEIGHT 14’ Max

POWER Power Varies by Unit

6

7

O P E R AT I N G E X P E N S E S

ELECTRIC Buyer Responsibility

WATER Buyer Responsibility

TRASH Association

INTERNET/PHONE Buyer Responsibility

LANDSCAPING Association

ROOF REPAIR / MAINTENANCE Association

HVAC REPAIR / MAINTENANCE Buyer Responsibility

PARKING LOT REPAIR / MAINTENANCE Association

A S S O C I AT I O N E X P E N S E S *

ASSOCIATION DUES Estimated to be $0.256 PSF

* Association Dues are based on a projected budget and are subject to change.

OFFERING MEMORANDUM

LOS ANGELES COUNTY

ORANGE COUNTY SAN BERNARDINO COUNTY

ORANGE COUNTY

RIVERSIDE COUNTY

ORANGE COUNTY

ORA NGE COUNTY

SAN D IEGO COUNTY

Aliso Viejo

Yorba Linda

NorthTustin

Placentia

Newport Beach

San Juan Capistrano

Westminster

HuntingtonBeach

Fountain Valley

Seal Beach

Cypress

Buena Park

Fullerton

Tustin

Orange

Lake Forest

Mission Viejo

Laguna Niguel

Laguna Beach

Irvine

Anaheim

Garden Grove

Costa Mesa

Santa Ana

DanaPoint

SanClemente

La Habra Brea

John WayneAiportJohn WayneAiport

Long BeachAirportLong BeachAirport

Foothill Ranch

Laguna Woods

RanchoSanta Margarita

LagunaHills

Coto de Caza

Anaheim

Stanton

Orange County

22

55

57

71

73

91

133

241

261

6060

Pacific Ocean

91

91

241

55

LaderaRanch

5

15

105

110 710

405

405

405

Los Angeles &Long Beach Ports

Los Angeles &Long Beach Ports

5

5

605

SITE

8

REGIONAL MAP

DisneylandDisneyland

Knott'sBerry Farm

Knott'sBerry Farm

Los Alamitos Racetrack

Los Alamitos Racetrack

AngelStadium

AngelStadium

BiolaUniversity

BiolaUniversity

Fullerton Municipal AirportFullerton Municipal Airport 57

91 91

CypressCollegeCypressCollege

Joint ForcesTraining Center

Joint ForcesTraining Center

Cal StateUniversity

Fullerton

Cal StateUniversity

Fullerton5 Chapman AveChapman Ave

5

SITE

Knott AveKnott Ave

LOCAL MAP

9

5

9191

Knollwood Cir

Knollwood CirWoo

dland

Dr

Woodla

nd Dr

Magnolia StMagnolia St

AERIAL PHOTO

10

AVA I L A B I L I T I E S

AVA IL A BIL I T IE S

KNOLLWOOD CIR

WO

OD

LAN

D DR

2621262326252627262926312633263526372639264126432645264726492651115

01152115

41156115

81160116

21164116

61168117

01172117

4

1176117

8

MTM/2020

2021

2022

SITE PLAN AND AVAILABILITIES

12

M T M / 2 0 2 0 | 2 0 21 | 2 0 2 2

13

SUMMARY OF AVAILABLE UNITS As of February 2021

UNIT SQUARE FEET ESTIMATED OFFICE NOTES AVAILABLE

1150 1,200 846 SF (80%) Now (Current Tenant MTM)1152 1,728 1,382 SF (80%) Sold1154 1,728 1,728 SF (100%) Sold1156 1,728 1,728 SF (100%) Sold1158 1,728 1,728 SF (100%) Sold1160 1,728 614 SF (35%) Now (Vacant)1162 1,728 1,314 SF (75%) Sold1164 1,728 173 SF (10%) January 20211166 1,728 173 SF (10%) January 2021

1164 - 1166 3,456 345 SF (10%) Contiguous Units Built Out Together Now (Current Tenant MTM)1168 1,728 345 SF (20%) November 20211170 1,728 1,555 SF (90%) Now (Current Tenant MTM)1172 1,728 864 SF (50%) Now (Current Tenant MTM)

1170 - 1172 3,456 2,419 SF (70%) Contiguous Units Built Out Together Now (Current Tenant MTM)1174 1,728 1,728 SF (100%) March 20221176 1,728 175 SF (10%) June 20211178 1,308 588 SF (45%) Now (Current Tenant MTM)

2621 3,100 1,692 SF (55%) April 20222623 1,727 1,210 SF (70%) April 20222625 1,727 691 SF (40%) March 20222627 1,727 None April 20222629 1,727 876 SF (50%) Now (Vacant)2631 1,727 1,728 SF (100%) November 20212633 1,727 Restaurant Build-Out Restaurant/Kitchen Build-Out Now (Current Tenant MTM)2635 1,727 691 SF (40%) Now (Vacant)2637 1,727 346 SF (20%) Now (Vacant)2639 1,727 951 SF (55%) Now (Vacant)2641 1,727 777 SF (45%) Sold2643 1,727 777 SF (45%) Sold

2641-2643 3,454 1,554 SF (45%) Sold2645 1,727 1,296 SF (75%) November 20212647 1,727 950 SF (55%) Sold2649 1,727 260 SF (15%) Sold2651 1,073 949 SF (90%) Now (Vacant)

Unit availability and office build out subject to change *All office measurements are based on visual inspection and have not been measured to BOMA Standards.

M A R K E T O V E R V I E W

M A R K E T OV E RV IE W

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3.2M+POPULATION

6thMOST POPULOUS COUNTY IN US

2ndHIGHEST DENSITY

IN CALIFORNIA

37.2MEDIAN AGE

COLLEGE-EDUCATED

POPULATION

30% IN THE UNITED STATES

5thMOST EDUCATED COUNTY

IN THE UNITED STATES

5.66%GROWTH

$620,545MEDIAN RESIDENTIAL

PROPERTY VALUE

$81,194MEDIAN HOUSEHOLD INCOME

ORANGE COUNTY AT A GLANCEOrange County (OC) is a 948-square-mile coastal community centrally located within Southern California and widely celebrated as the “California Riviera.” Encompassing 34 incorporated cities, this coastline county is one of the most desirable markets in the country. Orange County offers pro-business communities, a robust and entrepreneurial regional economy, an exceptional labor pool supported by first-class universities, a broad infrastructure network and worldclass amenities—all the qualities make it a highly sought after commercial location and a great place to live.

As of the 2010 census, the population was 3,010,232,[4] making it the third-most populous county in California, the sixth most populous in the U.S., and more populous than 21 U.S. states.[7] Although mostly suburban, it is the second most densely populated county in the state, behind San Francisco County.[8] The county's four most populous cities, Anaheim, Santa Ana (the county seat),[9] Irvine, and Huntington Beach, each have a population exceeding 200,000. Six cities are on the Pacific coast, including Seal Beach, Huntington Beach, Newport Beach, Laguna Beach, Dana Point, and San Clemente.

Orange County is included in the Los Angeles-Long Beach-Anaheim Metropolitan Statistical Area. The county has 34 incorporated cities. Older cities like Santa Ana, Anaheim, and Fullerton have traditional downtowns dating back to the 19th century, while newer commercial development or "edge cities" stretch along I-5 between Disneyland and Santa Ana and between South Coast Plaza and the Irvine Business Complex, and cluster at Irvine Spectrum. Although single-family homes make up the dominant landscape for most of the county, Northern and Central Orange County is relatively more urbanized and dense as compared to those areas beyond Irvine, which are less dense, though still contiguous and primarily suburban, but not exurban.

The county is a tourist center, with attractions like Disneyland, Knott's Berry Farm, and several popular beaches along its more than 40 miles (64 km) of coastline.

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$213.6MGDP

49th LARGEST IN THE WORLD

4.20%GROWTH

1.56M NUMBER OF EMPLOYEES

2ndLARGEST WORKFORCE IN CALIFORNIA

1.09%GROWTH

3.6% UNEMPLOYMENT RATE

3rd MOST DIVERSE TECH SECTOR IN THE US

15th HIGH TECH JOB GROWTH 2Q15-2Q17

1stMEDICAL DEVICE MANUFACTURING

IN THE UNITED STATES

1stTRANSPORTATION INNOVATION AND

MASTER PLANNED COMMUNITIES IN THE UNITED STATES

ORANGE COUNTY IS AN ECONOMIC POWERHOUSEOrange County’s well-diversified economy, high-quality labor force and “quality-of-life” desirability, superior education and multi-modal transportation systems, and strategic location on the Pacific Rim provide an excellent locational advantage for commercial properties.

Coastal living filled with sun-soaked Mediterranean weather year-round, Orange County is a destination with endless possibilities. Its natural landscape and breath-taking views provide the backdrop for some of the most iconic real estate in the country.

70 BUS LINES

12 FREEWAYS2 RAIL LINES

1AIRPORT

20 COLLEGES AND UNIVERSITIES

18 AAA DIAMOND RESORTS / RESTAURANTS4 TOP 100 GOLF COURSES

IN CALIFORNIA

103 CULTURAL INSTITUTIONS17 MEGA-MALLS

15,000 ACRES OF PARKLAND180 MILES OF TRAILS

6 BEACHES

20 SPORT VENUES7 PROFESSIONAL SPORT TEAMS

MARKET OVERVIEW. The year began just as the last few have in Orange County. The availability of quality functional space was in short supply, the delivery pipeline was running at a trickle and strong demand for existing product kept landlords and sellers in the driver’s seat. The result: overall sale and lease activity declined again, mainly due to low vacancy, pushing lease rates and sales prices to new record levels throughout the county, especially for space configured to accommodate e-commerce oriented users with a preference for high ceilings, calculated sprinkler systems and good truck access. The push within the industry among its biggest players to reduce delivery times continued to drive up demand for good warehouse space, even into the smaller size ranges, making it tough for single-location entrepreneurial industrial users to secure efficient space. Then came March. The entire market was thrown into a state of uncertainty that will take a few months to sort out. Lease and sale transactions not yet in the final stages were postponed, as buyers and tenants stepped back in order to sort through rapidly changing economic conditions.

VACANCY. The fact that vacancy remains at extremely low levels is nothing new. The lack of quality space offered for lease and sale has been ongoing for the past several years. Orange County ended the first quarter of the year with an overall rate of 2.42%, down 61 basis points year-over-year. Of note is the fact that time on market for space offered only for lease is on the rise for two main reasons. First, low mortgage rates have shifted more of the demand for space to acquisitions, and second, a significant portion of properties on the market for lease have elements of functional obsolescence and/or items of deferred maintenance that could increase annual operating costs.

LEASE RATES. The average asking lease rate has been rising steadily for the past several years, but there are signs that the rate of increase may be flattening out. As the time on market for space offered for lease is increasing, landlords are feeling pressure to soften their position regarding coupon rates. While the best quality space is still garnering a premium, growing tenants are reluctant to pay top dollar for space that lacks functionality. We are seeing more tenants renewing in place in order to avoid moving costs, especially if they can’t find space that is going to help them operate more efficiently. Of note is the fact that many properties are offered without an asking price, which makes the average asking lease rate a less reliable metric.

SALES PRICES. Since 2011, sales prices have increased steadily and they continue to do so today, in large part due to another significant drop in mortgage interest rates. As of this writing, borrowers have access to 25-year, fully amortized loans through the Small Business Administration at a fixed rate of just 2.876%, the lowest rate ever for an SBA loan. Despite the recent economic disruption caused by the COVID-19 pandemic, many buyers are still moving forward with their purchase plans at today’s premium price point. That said, some transactions have been put on hold, and this will be reflected in the metrics later in the year. As with lease rates, the average asking sales price can be misleading due to properties being offered without an asking price, along with others that are sold on an off-market basis. The Orange County industrial market’s average asking price at the first quarter rose to $274.62 per square foot. While sale prices vary greatly depending on the size range, this represents an increase of nearly 16.9% from the first quarter of 2019.

TRANSACTION ACTIVITY. Total transaction activity has been on the decline for some time, mainly due to lack of supply. The first quarter saw a drop in activity, falling by 2.4 MSF to 3,663,524 square feet. In terms of for-lease space, time on market for less functional buildings is rising while top quality product continues to move at a brisk pace. Activity on the sale side is still driving transaction activity, but current supply is falling short of demand, resulting in a decrease in market velocity.

Change Over Last Quarter 1Q 2020 4Q 2019 1Q 2019 % Change Over Last Year

Vacancy Rate DOWN 2.42% 3.03% 3.35% (27.76%)

Availability Rate UP 4.32% 4.11% 4.77% (9.43%)

Average Asking Lease Rate UP $0.98 $0.97 $0.93 5.38%

Average Asking Sale Price UP $274.62 $271.69 $234.89 16.91%

Sale & Lease Transactions DOWN 3,663,524 6,095,245 4,992,017 (26.61%)

Gross Absorption DOWN 3,146,089 3,759,308 2,568,961 22.47%

Net Absorption POSITIVE 857,946 886,529 (1,099,404) N/A

17

ORANGE COUNTY MARKET OVERVIEWVACANCY VS AVAILABILITY

VACANCY: Total Vacant Space Divided by Total Existing Inventory

AVAILABILITY: Total Amount of Space that is Availablewhether Occupied, for Sublease, or Available at a Future Date

0%

1%

2%

3%

4%

5%

6%

7%

8%

4Q203Q202Q201Q204Q193Q192Q191Q194Q183Q182Q181Q18

2.73%

4.42%

FORECAST

Percent

NET ABSORPTION: Changes in the Amount of Occupied Space from One Quarter to the Next

-500K

-400K

-300K

-200K

-100K

0K

100K

200K

300K

400K

500K

600K

700K

1Q204Q193Q192Q191Q194Q183Q182Q181Q18

Square Feet

NET ABSORPTION

18

The City of Anaheim is centrally located within Orange County’s business community, alongside a well-established technology corridor that has grown to cement Orange County’s reputation as a “Technology Coast.”

The city recognizes several districts, including the Anaheim Resort (the area surrounding Disneyland), Anaheim Canyon (an industrial area north of California State Route 91 and east of California State Route 57), and the Platinum Triangle (the area surrounding Angel Stadium). Anaheim Hills also maintains a distinct identity.

Anaheim offers a full-range of housing opportunities, excellent climate, and a wealth of lifestyle amenities. With nearby state-of-the-art transportation, exceptional real estate opportunities and stellar educational institutions, Anaheim is quickly evolving from a bedroom community to a center for economic growth.

ANAHEIM CALIFORNIAO V E R V I E W

Anaheim blends quiet hilltop neighborhoods with majestic views and commercial retail centers with hotels, office buildings and industrial complexes.

These significant natural and man-made characteristics provide a commonly acknowledged basis for a “sense of place”. has been consistently rated as one of the safest cities in the United States.

Offering superior employment availability, acclaimed community entertainment, a broad selection of the best education opportunities and beautiful California weather, Anaheim provides an exceptional quality of life for people who live and work in the city.

353,000POPULATION (ESTIMATED)

34.3MEDIAN AGE

40,440 NUMBER OF EMPLOYEES

2.47% GROWTH

$77,400ESTIMATED MEDIAN HOUSEHOLD INCOME

$600,000 ESTIMATED HOME VALUE

39.6%COLLEGE EDUCATED POPULATION

50.93 Square Mile City

LARGEST CITY IN ORANGE COUNTY

2,600 BusinessesOFFERING APPROXIMATELY 50,000 JOBS

Exceptional AmenitiesINCLUDING DISNEYLAND, HONDA CENTER, ANGELS STADIUM, CONVENTION CENTER GARDEN WALK, AND DOWNTOWN DISNEY

Exceptional Access to Transportation

CONVENIENT TO THE 5, 55 FREEWAYS AND 91 FREEWAYS, JOHN WAYNE AIRPORT AND

THE ANAHEIM REGIONAL TRANSPORTATION INTERMODAL CENTER (ARTIC)

ZO N I N G A N D U S E S

ZONING MAP

General Commercial. The intent of the “C-G” Zone is to allow a variety of land uses, including some identified for the Neighborhood Center Commercial zone described below. Areas designated as “C-G” General Commercial do not necessarily serve the adjacent neighborhood or surrounding c lusters of neighborhoods. In addition to some of the uses described in the commercial centers zones, they typically include highway-serving uses such as fast food restaurants, auto-oriented uses such as tire stores and auto parts stores, and stand-alone retail uses. This zone implements the General Commercial land use designation in the General Plan.

Neighborhood Center. The intent of the “C-NC” Zone is to serve surrounding neighborhood s. It is intended to provide convenience uses such as grocery stores, drug stores, sporting goods stores, small retail stores, hair salons, dry cleaners, nail salons, hard ware stores (excluding big -box retail), appliance stores, neighborhood-serving restaurants, bakeries, banks, specialty shops, and civic uses such as fire stations, post offices, comm unity centers, and child care centers. It is intended to encourage clusters of commercial uses, not strip commercial development. Projects should be compatible in scale and design with adjacent residential areas and should be designed to encourage pedestrian usage. Properties located with in the “C-NC” Zone are typically one (1) to fifteen (15)acres in size. Th is zone implements th e Neighborhood Center land use designation in the General Plan

Regional Commercial. The intent of the “C-R” Zone is to serve a larger area than the “C-NC” Zone and to include some regional commercial uses. Allowable uses could include national retail chains, department stores, specialty stores, theaters, regional-serving restaurants, and big -b ox retail. The “C-R” Zone also allows for limited professional offices. Properties located within the “C-R” Zone are typically eight (8) to sixty-five (65) acres in size. This zone implements the Regional Commercial land use designation in the General Plan.

Low Intensity Office. Th e intent of th e “O-L” Zone is to provide for a variety of low-intensity office uses that are typically three (3) stories or less, including local branches of financial institutions, legal services, insurance services, real estate, consulting services, professional offices, and medical or dental offices and support services. Th is zone implements the Office-Low land use designation in the General Plan..

High Intensity Office. The intent of the “O-H” Zone is to provide for higher density office uses th at h ave at least four (4) stories. This zone is intend ed to b e applied in areas planned for m ore concentrated urban uses such as The Platinum Triangle, or in key locations at potential transit locations, major intersections, or in close proximity to activity centers such as the Community College in th e North Euclid Street area. This zone implements the Office-Highland use designation in the General Plan.

Industrial. The intent of the “I” Zone is to provide for and encourage the development of industrial uses and their related facilities, recognize the unique and valuable existing industrial land resources, and encourage industrial employment opportunities with in th e City. Targeted industries include research and development, repair services, wholesale activities, distribution centers, and manufacturing and fabrication. In some situations, other types of uses are allowed with a conditional use perm it. This zone implements the Industrial land use designation in the General Plan.

SITE

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D E M O G R A P H I C S

Demographic and Income Profile1178 N Knollwood Cir, Anaheim, California, 92801 Prepared by EsriRing: 1 mile radius Latitude: 33.84913

Longitude: -117.97943

AreaStateUSA

Trends 2019-2024Trends 2019-2024

Ann

ual R

ate

(in

perc

ent)

3

2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20192024

Population by AgePopulation by Age

Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2019 Household Income 2019 Household Income

<$15K6.0%

$15K - $24K8.4%

$25K - $34K7.1%

$35K - $49K11.5%

$50K - $74K21.5%

$75K - $99K16.5%

$100K - $149K16.8%

$150K - $199K7.4%

$200K+4.8%

2019 Population by Race2019 Population by Race

Perc

ent

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2019 Percent Hispanic Origin: 49.5%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.

April 30, 2020

©2020 Esri Page 2 of 6



Summary Census 2010 2019 2024Population 25,280 27,369 28,365Households 7,017 7,428 7,648Families 5,587 5,935 6,121Average Household Size 3.57 3.65 3.67Owner Occupied Housing Units 3,882 4,000 4,195Renter Occupied Housing Units 3,135 3,428 3,453Median Age 33.4 34.6 36.1

Trends: 2019 - 2024 Annual Rate Area State NationalPopulation 0.72% 0.67% 0.77%Households 0.59% 0.62% 0.75%Families 0.62% 0.62% 0.68%Owner HHs 0.96% 0.79% 0.92%Median Household Income 3.23% 2.99% 2.70%

2019 2024 Households by Income Number Percent Number Percent

<$15,000 444 6.0% 346 4.5%$15,000 - $24,999 627 8.4% 495 6.5%$25,000 - $34,999 528 7.1% 441 5.8%$35,000 - $49,999 853 11.5% 736 9.6%$50,000 - $74,999 1,600 21.5% 1,518 19.8%$75,000 - $99,999 1,223 16.5% 1,230 16.1%$100,000 - $149,999 1,251 16.8% 1,492 19.5%$150,000 - $199,999 547 7.4% 826 10.8%$200,000+ 354 4.8% 565 7.4%

Median Household Income $67,871 $79,549Average Household Income $85,063 $103,054Per Capita Income $23,382 $28,149

Census 2010 2019 2024 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,828 7.2% 1,849 6.8% 1,912 6.7%5 - 9 1,789 7.1% 1,911 7.0% 1,832 6.5%10 - 14 1,910 7.6% 1,941 7.1% 1,943 6.8%15 - 19 2,092 8.3% 1,855 6.8% 1,853 6.5%20 - 24 1,937 7.7% 1,913 7.0% 1,818 6.4%25 - 34 3,640 14.4% 4,404 16.1% 4,329 15.3%35 - 44 3,727 14.7% 3,718 13.6% 4,287 15.1%45 - 54 3,506 13.9% 3,457 12.6% 3,433 12.1%55 - 64 2,436 9.6% 3,121 11.4% 3,191 11.2%65 - 74 1,306 5.2% 1,891 6.9% 2,250 7.9%75 - 84 815 3.2% 931 3.4% 1,104 3.9%

85+ 293 1.2% 381 1.4% 413 1.5%Census 2010 2019 2024

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 12,253 48.5% 12,109 44.2% 11,981 42.2%Black Alone 911 3.6% 1,031 3.8% 1,081 3.8%American Indian Alone 248 1.0% 265 1.0% 268 0.9%Asian Alone 4,807 19.0% 5,970 21.8% 6,697 23.6%Pacific Islander Alone 130 0.5% 136 0.5% 137 0.5%Some Other Race Alone 5,637 22.3% 6,355 23.2% 6,610 23.3%Two or More Races 1,294 5.1% 1,504 5.5% 1,591 5.6%

Hispanic Origin (Any Race) 12,218 48.3% 13,552 49.5% 14,144 49.9%Data Note: Income is expressed in current dollars.


April 30, 2020







<$15,000 444 6.0% 346 4.5%$15,000 - $24,999 627 8.4% 495 6.5%$25,000 - $34,999 528 7.1% 441 5.8%$35,000 - $49,999 853 11.5% 736 9.6%$50,000 - $74,999 1,600 21.5% 1,518 19.8%$75,000 - $99,999 1,223 16.5% 1,230 16.1%$100,000 - $149,999 1,251 16.8% 1,492 19.5%$150,000 - $199,999 547 7.4% 826 10.8%$200,000+ 354 4.8% 565 7.4%



0 - 4 1,828 7.2% 1,849 6.8% 1,912 6.7%5 - 9 1,789 7.1% 1,911 7.0% 1,832 6.5%10 - 14 1,910 7.6% 1,941 7.1% 1,943 6.8%15 - 19 2,092 8.3% 1,855 6.8% 1,853 6.5%20 - 24 1,937 7.7% 1,913 7.0% 1,818 6.4%25 - 34 3,640 14.4% 4,404 16.1% 4,329 15.3%35 - 44 3,727 14.7% 3,718 13.6% 4,287 15.1%45 - 54 3,506 13.9% 3,457 12.6% 3,433 12.1%55 - 64 2,436 9.6% 3,121 11.4% 3,191 11.2%65 - 74 1,306 5.2% 1,891 6.9% 2,250 7.9%75 - 84 815 3.2% 931 3.4% 1,104 3.9%

85+ 293 1.2% 381 1.4% 413 1.5%Census 2010 2019 2024

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 12,253 48.5% 12,109 44.2% 11,981 42.2%Black Alone 911 3.6% 1,031 3.8% 1,081 3.8%American Indian Alone 248 1.0% 265 1.0% 268 0.9%Asian Alone 4,807 19.0% 5,970 21.8% 6,697 23.6%Pacific Islander Alone 130 0.5% 136 0.5% 137 0.5%Some Other Race Alone 5,637 22.3% 6,355 23.2% 6,610 23.3%Two or More Races 1,294 5.1% 1,504 5.5% 1,591 5.6%



April 30, 2020


DEMOGR APHICS | 1 MILE

20



AreaStateUSA

Trends 2019-2024Trends 2019-2024

Ann

ual R

ate

(in

perc

ent)

3.5

3

2.5

2

1.5

1

0.5


20192024


Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K9.2%

$15K - $24K8.8%

$25K - $34K7.9%$35K - $49K

12.0%

$50K - $74K18.4%

$75K - $99K14.2%

$100K - $149K17.3%

$150K - $199K6.7%

$200K+5.5%


Perc

ent

40

35

30

25

20

15

10

5




April 30, 2020







<$15,000 7,508 9.2% 5,936 7.2%$15,000 - $24,999 7,163 8.8% 5,740 6.9%$25,000 - $34,999 6,404 7.9% 5,402 6.5%$35,000 - $49,999 9,742 12.0% 8,600 10.4%$50,000 - $74,999 14,929 18.4% 14,438 17.4%$75,000 - $99,999 11,518 14.2% 12,074 14.5%$100,000 - $149,999 14,082 17.3% 16,787 20.2%$150,000 - $199,999 5,444 6.7% 7,715 9.3%$200,000+ 4,490 5.5% 6,309 7.6%



0 - 4 20,128 7.4% 19,743 6.9% 20,196 6.8%5 - 9 19,703 7.3% 19,773 6.9% 18,889 6.4%10 - 14 20,545 7.6% 20,223 7.0% 19,737 6.7%15 - 19 21,853 8.1% 19,796 6.9% 19,166 6.5%20 - 24 20,917 7.7% 21,325 7.4% 20,106 6.8%25 - 34 40,143 14.8% 46,651 16.2% 47,021 15.9%35 - 44 39,901 14.7% 38,879 13.5% 43,277 14.6%45 - 54 37,208 13.7% 35,663 12.4% 35,096 11.9%55 - 64 24,856 9.2% 31,301 10.9% 32,063 10.8%65 - 74 13,806 5.1% 19,782 6.9% 23,215 7.9%75 - 84 8,670 3.2% 9,971 3.5% 12,139 4.1%

85+ 3,479 1.3% 4,298 1.5% 4,617 1.6%Census 2010 2019 2024

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 124,327 45.8% 119,670 41.6% 117,248 39.7%Black Alone 9,386 3.5% 10,368 3.6% 10,776 3.6%American Indian Alone 2,502 0.9% 2,468 0.9% 2,413 0.8%Asian Alone 61,761 22.8% 74,218 25.8% 81,894 27.7%Pacific Islander Alone 1,576 0.6% 1,632 0.6% 1,643 0.6%Some Other Race Alone 59,183 21.8% 65,085 22.6% 66,990 22.7%Two or More Races 12,472 4.6% 13,965 4.9% 14,556 4.9%



April 30, 2020







<$15,000 7,508 9.2% 5,936 7.2%$15,000 - $24,999 7,163 8.8% 5,740 6.9%$25,000 - $34,999 6,404 7.9% 5,402 6.5%$35,000 - $49,999 9,742 12.0% 8,600 10.4%$50,000 - $74,999 14,929 18.4% 14,438 17.4%$75,000 - $99,999 11,518 14.2% 12,074 14.5%$100,000 - $149,999 14,082 17.3% 16,787 20.2%$150,000 - $199,999 5,444 6.7% 7,715 9.3%$200,000+ 4,490 5.5% 6,309 7.6%



0 - 4 20,128 7.4% 19,743 6.9% 20,196 6.8%5 - 9 19,703 7.3% 19,773 6.9% 18,889 6.4%10 - 14 20,545 7.6% 20,223 7.0% 19,737 6.7%15 - 19 21,853 8.1% 19,796 6.9% 19,166 6.5%20 - 24 20,917 7.7% 21,325 7.4% 20,106 6.8%25 - 34 40,143 14.8% 46,651 16.2% 47,021 15.9%35 - 44 39,901 14.7% 38,879 13.5% 43,277 14.6%45 - 54 37,208 13.7% 35,663 12.4% 35,096 11.9%55 - 64 24,856 9.2% 31,301 10.9% 32,063 10.8%65 - 74 13,806 5.1% 19,782 6.9% 23,215 7.9%75 - 84 8,670 3.2% 9,971 3.5% 12,139 4.1%

85+ 3,479 1.3% 4,298 1.5% 4,617 1.6%Census 2010 2019 2024




April 30, 2020


DEMOGR APHICS | 3 MILES

21

DEMOGR APHICS | 5 MILES



AreaStateUSA

Trends 2019-2024Trends 2019-2024

Ann

ual R

ate

(in

perc

ent)

3

2.5

2

1.5

1

0.5


20192024


Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K8.0%

$15K - $24K7.6%

$25K - $34K7.0%

$35K - $49K10.6%

$50K - $74K17.4%

$75K - $99K14.2%

$100K - $149K18.7%

$150K - $199K8.7%

$200K+7.9%


Perc

ent

40

35

30

25

20

15

10

5




April 30, 2020







<$15,000 15,338 8.0% 12,196 6.3%$15,000 - $24,999 14,452 7.6% 11,538 5.9%$25,000 - $34,999 13,281 7.0% 11,108 5.7%$35,000 - $49,999 20,312 10.6% 17,681 9.1%$50,000 - $74,999 33,184 17.4% 31,408 16.1%$75,000 - $99,999 27,036 14.2% 27,584 14.1%$100,000 - $149,999 35,624 18.7% 40,833 20.9%$150,000 - $199,999 16,555 8.7% 22,406 11.5%$200,000+ 15,112 7.9% 20,334 10.4%



0 - 4 42,390 6.8% 41,715 6.3% 42,834 6.3%5 - 9 42,835 6.8% 42,510 6.4% 41,019 6.0%10 - 14 46,048 7.4% 44,120 6.7% 43,460 6.4%15 - 19 50,604 8.1% 44,670 6.7% 43,271 6.3%20 - 24 47,439 7.6% 47,626 7.2% 44,503 6.5%25 - 34 86,116 13.8% 104,023 15.7% 103,612 15.2%35 - 44 90,010 14.4% 85,964 13.0% 98,136 14.4%45 - 54 88,838 14.2% 84,069 12.7% 81,275 11.9%55 - 64 61,896 9.9% 77,472 11.7% 78,803 11.6%65 - 74 36,917 5.9% 51,310 7.7% 59,210 8.7%75 - 84 23,224 3.7% 27,319 4.1% 32,528 4.8%

85+ 9,453 1.5% 12,166 1.8% 13,143 1.9%Census 2010 2019 2024




April 30, 2020







<$15,000 15,338 8.0% 12,196 6.3%$15,000 - $24,999 14,452 7.6% 11,538 5.9%$25,000 - $34,999 13,281 7.0% 11,108 5.7%$35,000 - $49,999 20,312 10.6% 17,681 9.1%$50,000 - $74,999 33,184 17.4% 31,408 16.1%$75,000 - $99,999 27,036 14.2% 27,584 14.1%$100,000 - $149,999 35,624 18.7% 40,833 20.9%$150,000 - $199,999 16,555 8.7% 22,406 11.5%$200,000+ 15,112 7.9% 20,334 10.4%



0 - 4 42,390 6.8% 41,715 6.3% 42,834 6.3%5 - 9 42,835 6.8% 42,510 6.4% 41,019 6.0%10 - 14 46,048 7.4% 44,120 6.7% 43,460 6.4%15 - 19 50,604 8.1% 44,670 6.7% 43,271 6.3%20 - 24 47,439 7.6% 47,626 7.2% 44,503 6.5%25 - 34 86,116 13.8% 104,023 15.7% 103,612 15.2%35 - 44 90,010 14.4% 85,964 13.0% 98,136 14.4%45 - 54 88,838 14.2% 84,069 12.7% 81,275 11.9%55 - 64 61,896 9.9% 77,472 11.7% 78,803 11.6%65 - 74 36,917 5.9% 51,310 7.7% 59,210 8.7%75 - 84 23,224 3.7% 27,319 4.1% 32,528 4.8%

85+ 9,453 1.5% 12,166 1.8% 13,143 1.9%Census 2010 2019 2024




April 30, 2020


22

OFFERING MEMORANDUM

For SALE | 1,054 SF - 6,912 SFS M A L L I N D U S T R I A L U N I T S

The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Licensed as Real Estate Salespersons by the DRE. ©2021 Voit Real Estate Services, Inc. All Rights Reserved. License #01991785.

JORDAN HAYNESAssociateLicense #02083655

(714) [email protected]

STAN S. KWAKSenior VP, PartnerLicense #01824776


ZAC KOLANDERAssociateLicense #02096759


SELDEN MCKNIGHTSenior AssociateLicense #02027919


2400 E. Katella Avenue, Suite 750 | Anaheim, CA 92806License #01991785 www.voitco.com



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