MOORPARK CAMPUS PLAZA 6591 - 6597 COLLINS DRIVE | MOORPARK, CA 93021
OFFERING MEMORANDUM
MOORPARK CAMPUS PLAZA
INVESTMENT CONTACTS RAY RODRIGUEZ PRINCIPAL D: +1 818-657-6513 M: +1 818-581-5829 Ray@email.com Lic. #01402283
MATHEW FREEDMAN PRINCIPAL D: +1 818-657-6500 M: +1 818-585-6888 Matt@email.com Lic. #01487954
SCOTTY WEISSTEIN ASSOCIATE D: +1 818-657-6514 M: +1 818-205-8847 Scotty@email.com Lic. #01483264
RAYHANEH REZAI
ASSOCIATE D: +1 818-657-6500 M: +1 310-985-5189 Rayhaneh@email.com Lic. #01772734
ANDREW GELTMAN ASSOCIATE D: +1 818-657-6500 M: +1 818-357-1275 Andrew@email.com Lic. #02013948
LUCRUM GROUP | KW FORWARD LIVING
All materials and information received or derived from KW COMMERCIAL its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.
Neither KW COMMERCIAL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW COMMERCIAL will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW COMMERCIAL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW COMMERCIAL does not serve as a financial advisor to any party regarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by KW COMMERCIAL in compliance with all applicable fair housing and equal opportunity laws.
MOORPARK CAMPUS PLAZA 6591 - 6597 COLLINS DRIVE | MOORPARK, CA 93021
TABLE OF CONTENTS
01
INVESTMENT SUMMARY
02
PROPERTY DESCRIPTION
03
FINANCIAL ANALYSIS
04
TENANT PROFILES
05
AREA OVERVIEW
6591-6597 Collins Drive Moorpark, CA
01
I NVE ST M E NT S U M M A RY
MOORPARK CAMPUS PLAZA
ADDRESS 6591-6597 Collins Dr. Moorpark, CA 93021
BUILDING SF BREAKDOWN 3,604
7.2%
Building C GLA
5,727
11.4%
OFFERING PRICE
YEAR 1 YEAR 5 CAP RATE CAP RATE
$/SF (BLDG.)
Building D GLA*
24,902
49.5%
Building E GLA*
16,063
31.9%
$12,600,000
6.67%
$251
Total GLA
50,296
7.2%
Total Occupied GLA
39,288
7.2%
Total Occupied GLA
39,288
7.2%
11,008
7.2%
*7.87%
PROJECTED NOI Year One (1) .......................$840,078* Year Three (3) .....................$908,024* *Projected CAP Rate would increase by .23% NOI and can immediately increase by ±$30,000/yr if/when base rent for McDonald’s reverts back up to original lease stated rental amount should the violation of their “exclusive use clause” be remedied by closure of Burger Express tenant in center.
8
Building B GLA
LUCRUM GROUP | KW FORWARD LIVING
Total Vacant GLA
*(20,083 SF is 2nd level Bldg. D & E (40% GLA Entire Center)
LAND AREA SF ±209,088 (4.80 Acres) LEASE TYPESW NNN & Gross
OWNERSHIP Fee Simple* *McDonalds is only tenant in center that owns their Bldg. & is on ground lease with seller/Landlord for their parcel
YR. BUILT/RENOV. 2006, 2007, 2008 PARKING 227 Stalls (4.5 Stalls/1,000 SF DEBT Buyer may purchase all cash or bring new debt to the property.
APN (VENTURA COUNTY) 514-0-160-065, 075, 085 TRAFFIC COUNTS ±89,000 VPD (118 FWY @ Collins Dr)* *Source: CALTRANS
INVESTME NT SUM M ARY Welcome to Moorpark Campus Plaza, a 50,296 SF mixed-use neighborhood shopping center anchored by a freestanding McDonald’s with just under 10 yrs. remaining on initial term and Starbucks within a freestanding, three unit, shops pad building. The property provides investors with a tremendous investment opportunity offering in place income and future upside through new tenant lease up and conversion of certain leases from gross to NNN lease structure. IN PLACE INCOME WITH SUBSTANTIAL UPSIDE POTENTIAL Campus Plaza offers an investor attractive In Place Income from a wide range of tenants which includes Starbucks as well as Substantial Upside Potential through lease up of vacant spaces (14.33% of GLA) and renewal/conversion of certain ground level leased spaces from gross to NNN leases. AFFLUENT SOUTHERN CALIFORNIA TRADE AREA WITH DESIRABLE PROXIMITY TO FREEWAY INTERCHANGE AND COMMUNITY COLLEGE Campus Plaza benefi ts from its location in Moorpark, CA, an affluent Southern California city in Ventura County offering an Average HH income of ±$112,235 within a three (3) mile radius, proximity to the 118 Fwy. /Collins Drive interchange (±88,000 VPD)* and the Moorpark Community College (±19,000 Students and Staff Members). Source: CalTrans
ATTRACTIVE NEWER CONSTRUCTION – PRIDE OF OWNERSHIP Campus Plaza was constructed from 2006 – 2008 and offers higher end finishes with stone and tile, desirable common area features including patio seating area, attractive large size sculpture art, a clock tower and mature/well maintained landscaping. MOORPARK CAMPUS PLAZA | MOORPARK, CA
9
6591-6597 Collins Drive Moorpark, CA
02
PR OPERTY D E S C R IPT IO N
PROPERTY SUMM ARY
MOORPARK CAMPUS PLAZA APN:
514-0-160-065, 075, 085 (VENTURA COUNTY)
ZONING:
C2 (GENERAL COMMERCIAL)
BUILDING:
50,296 SF* (20,083 SF IS 2ND LEVEL BLDG. D & E (40% GLA)
SITE:
4.80 ACRES
PARKING:
227 STALLS (4.5 STALLS/1,000 SF)
FRONTAGE: ±565 LINEAR FT. (CAMPUS DRIVE)
±880 LINEAR FT. (COLLINS DRIVE)
TRAFFIC COUNT:
12
±89,000 VPD (118 FWY @ COLLINS DRIVE)* *SOURCE: CALTRANS PROPERTY
LUCRUM GROUP | KW FORWARD LIVING
MOORPARK CAMPUS PLAZA | MOORPARK, CA
13
PROPERTY LEASE DATA TOTAL SF
% of Total
BUILDING B GLA BUILDING C GLA BUILDING D GLA BUILDING E GLA
3,604 5,727 24,902 16,063
7.2% 11.4% 49.5% 31.9%
TOTAL OCCUPIED GLA TOTAL VACANT GLA
39,288 11,008
78% 22%
TOTAL GLA
50,296
100%
BUILDING B Suite Tenant B-100 McDonalds (GL) BUILDING C Suite Tenant C-1 C-2 C-3
Available Available Starbucks
BUILDING D Suite Tenant D-1A D-1 D-2 D-3 D-4 D-5A
14
LUCRUM GROUP | KW FORWARD LIVING
Ivy Tech Charter School Available Burger Express Ro Bo & Shopping Lin Available Stacy Christopher
SF
Exp.
3,604
3/27/27*
SF
Exp.
1,814 2,170 1,743
2/28/18*
SF
Exp.
1,090 1,322 1,200 1,109 1,568 609
11/30/22* 4/30/18 5/31/22 5/31/21 8/31/19
BUILDING D (Cont.) Suite Tenant D-5B Available D-6 Custom Pie D-7 Available D-8 So Cal Nails Spa D-9 Available 2nd Level Suites: D-10 Home Instead Senior Care D-11 Home Instead Senior Care D-12 Mark Howe Insurance D-13 Z & D Entertainment D-14 Dr. E Jimenez D-15 Sobelman, CPA D-16 Scientology D-17 Fisher Architects D-18 CRAM 101 D-19 CRAM 101 2ND LEVEL BLDG. D TOTAL
SF 768 1,443 1,497 1,097 1,869
Exp. 12/31/21 3/31/19
1,689 1/31/22 933 1/31/22 912 9/30/20 1,367 4/30/20 500 12/31/17 483 11/30/17 1,096 MTM 1,331 7/31/17 1,040 6/30/18 1,979 6/30/18 11,330 SF
N
Suite D-4
Suite Suite D-5A D-5B
Suite Suite D-6 D-7
Suite D-8
Suite D-3
Suite E-4
Suite D-2
Suite E-5
Suite D-1
Suite E-6
Suite Suite Suite Suite D-16 D-17 D-18 D-19
Suite D-1A
e Suite D-15
S ITE PL A N
Suite C-1 Suite D-9
Suite C-2 Suite C-3
Suite E-3 Suite E-2 Suite E-1
Suite B-100
E-1 Ivy Tech Charter School E-2 Todai Dojo E-3 Ivy Tech Charter School E-4 Ivy Tech Charter School E-5 Ivy Tech Charter School E-6 Ivy Tech Charter School 2nd Level Suites: E-7 Available E-8A Premier Physical Therapy E-8B Premier Physical Therapy E-9 Soul Body Yoga E-10 Dansk Investment Group E-11 Dansk Investment Group 2ND LEVEL BLDG. E TOTAL
SF
Exp.
1,033 1,373 1,114 1,267 1,371 1,152
6/30/22* 5/31/17 6/30/22* 11/30/22* 11/30/22* 11/30/22*
1,053 1,471 1,753 967 1,054 2,455 8,753 SF
CO
LL
IN
S
DR
CAMPUS PARK DRIVE
BUILDING E Suite Tenant
IV
E
10/31/21 10/31/21 MTM 3/31/19 3/31/19
Note: *McDonald’s is on Ground Lease *Starbucks in final stages of negotiation for 5 year lease
MOORPARK CAMPUS PLAZA | MOORPARK, CA
15
F LOOR PL A N S
Suite E-7 Suite E-8B Suite E-8A
Suite E-10
Suite Suite SuiteSuite D-13 D-10 D-11 D-12
Suite Suite D-14 D-15
Suite Suite Suite Suite D-16 D-17 D-18 D-19
G R O UN D LEVE L Suite E-9
Suite E-11 2ND LEVEL BLDG. D TOTAL 2ND LEVEL BLDG. E TOTAL TOTAL SF
Suite E-7 Suite E-8B Suite E-8A
Suite E-10
Suite Suite SuiteSuite D-13 D-10 D-11 D-12
Suite Suite D-14 D-15
11,330 SF 8,753 SF 20,083 SF
Suite Suite Suite Suite D-16 D-17 D-18 D-19
S ECO N D LEVE L Suite E-9
Suite E-11 2ND LEVEL BLDG. D TOTAL 2ND LEVEL BLDG. E TOTAL TOTAL SF
16
LUCRUM GROUP | KW FORWARD LIVING
11,330 SF 8,753 SF 20,083 SF
A
M
PU
S
PA
N AP
C
DR D S IN VP LL 00 CO 9,0 ±8
RK
D
R
N AP
MOORPARK COLLEGE ±19,000 STUDENTS & FACULTY MOORPARK CAMPUS PLAZA | MOORPARK, CA
17
6591-6597 Collins Drive Moorpark, CA
03
F I N A NC IA L A NA LYS IS
20
LUCRUM GROUP | KW FORWARD LIVING
FINANCI A LS Square Feet
Leasable Area (G)
Current Base Rent
Monthly Rate PSF
Starbucks Bezign Todai Dojo Vacant
3,604 1,814 2,170 1,743
7.17% 3.61% 4.31%
$13,750.00 $3,270.25 $3,441.23 $0.00
$3.82 $1.80 $1.59 $0.00
6305-D, D1 6305-D, D7 6305-D, D13 6305-D, D18 6305D, D19
Vacant Vacant Vacant Vacant Vacant
1,322 1,497 1,367 1,040 1,979
2.63% 2.98% 2.72% 2.07% 3.93%
$0.00 $0.00 $0.00 $0.00 $0.00
6305-D, 1A 6305-E, E1 6305-E, E2 6305-E, E3 6305-E, E4 6305-E, E5 6305-E, E6
Ivy Tech Charter School Ivy Tech Charter School Ivy Tech Charter School Ivy Tech Charter School Ivy Tech Charter School Ivy Tech Charter School Ivy Tech Charter School
1,090 1,033 1,373 1,114 1,267 1,371 1,152
2.17% 2.05% 2.73% 2.21% 2.52% 2.73% 2.29%
$14,154.84 -
$1.69 -
6302-D, D2 6305-D, D3 6305-D, D4 6305-D, D5A 6305-D, D5B 6305-D, D6 6305-D, D8 6305-D, D9 6305-D, D10 6305-D, D11 6305-D, D12 6305-D, D14 6305-D, D15 6305-D, D16 6305-D, D17
Char-Broiler Express Yu Yan Chinese Carnitas MP, Inc Stacy Christopher The Bar Next Door Custom Pie So Cal Nails Spa, Inc Beautiful Grace Salon, LLC Home Instead Senior Care Home Instead Senior Care Paul Como Dr. Edna Jimenez Allen F. Sobelman, CPA Church of Scientology Mission Fisher Architects
1,200 1,109 1,568 609 768 1,443 1,097 1,869 1,689 933 912 500 483 1,096 1,331
2.39% 2.20% 3.12% 1.21% 1.53% 2.87% 2.18% 3.72% 3.36% 1.86% 1.81% 0.99% 0.96% 2.18% 2.65%
$2,599.20 $1,765.00 $2,578.41 $1,379.00 $1,713.00 $3,005.00 $2,325.00 $2,300.00 $5,080.00 $1,600.47 $943.00 $1,155.00 $1,500.00 $2,338.00
$2.17 $1.59 $1.64 $2.26 $2.23 $2.08 $2.12 $1.23 $1.94 $1.75 $1.89 $2.39 $1.37 $1.76
6305-E, E8 6305-E, E9 6305-E, E9 6305-E, E7 6305-E, E10
Premier Physical Therapy & Ass Soulbody Yoga, LLC Dansk Investment Group Dansk Investment Group Dansk Investment Group
3,224 967 2,455 1,053 1,054
6.41% 1.92% 4.88% 2.09% 2.10%
$5,636.00 $1,804.00 $8,440.00 -
$1.75 $1.87 $1.85 -
Unit/ Suite
Tenant Name
6305-B 100 6305-C, C1 6305-C, C2 6305-C, C3
CAM Charges
Other Charges
Lease Start
Lease Stop
$50.00
1/1/19
12/31/23
Remarks
9/20 Move-In; 10 yr terms, (2) 5 yr options
Starbucks moved to another space
$665.00 $940.80
$683.76 $44.52
5/1/18 6/1/17 2/1/20 9/1/16 1/1/18 1/1/16 4/1/19 8/1/19 10/1/11
4/30/23 5/31/22 10/31/22 8/31/19 12/31/20 12/31/20 3/31/24 7/31/22 1/31/22
2/1/18 1/1/18 12/1/17 5/1/09 8/15/14
9/30/20 12/31/19 11/30/20 7/31/14 7/31/20
12/1/16 4/1/13 5/1/15
11/30/21 3/31/17 8/31/17
MOORPARK CAMPUS PLAZA | MOORPARK, CA
21
6591-6597 Collins Drive Moorpark, CA
04
T E N A NT PR O F IL E S
24
LUCRUM GROUP | KW FORWARD LIVING
TENANT PRO FI L E S
STARBUCKS
IVY TECH
TYPE:
Public - SBUX (NASDAQ)
TYPE:
LESSEE:
Starbucks Corporation
LESSEE:
LEASE TYPE:
NNN
NO. OF LOCATIONS:
23,391
WEBSITE: USE:
HOME INSTEAD SENIOR CARE TYPE:
NO. OF LOCATIONS:
501 C-3 Non-Profi t Corporation Ivy Tech Charter Schools, 501 C-3 Non Profit Corporation Modifi ed Gross (Pays only suite utilities direct to provider) 1
NO. OF LOCATIONS:
Private Donald M. Reid & Laurie D. Reid (Franchise Location)* Modifi ed Gross (Pays only suite utilities direct to provider) 1,000 franchise offi ces (17 global markets)
www.starbucks.com
WEBSITE:
www.ivytechcs.org
WEBSITE:
www.homeinstead.com
Operation of a Starbucks Coffee House
USE:
Operation of a Charter School
USE:
The operation of a senior care facility office
LEASE TYPE:
LESSEE: LEASE TYPE:
Starbucks Corporation is an American global
Ivy Tech Charter School was established in 2010
Headquartered in Omaha, Nebraska, Home
coffee company based in Seattle, Washington.
with the mission of educating students to
Instead Senior Care is the largest senior care
With over 21,500 stores spread throughout 64
become innovative learners and 21st Century
organization in the world. The network includes
countries (including the US, China, Canada, Japan,
Leaders. Ivy Tech is a 501 C-3 Non Profit
more than 1,000 franchise offi ces in 17 global
and the United Kingdom) Starbucks is the largest
Corporation, the school has created a “Blended
markets. The business started in 1994 out of
coffeehouse company in the world. Starbucks
Learning Model” in which the best aspects
founder Paul Hogan’s living room. Each franchise
serves hot and cold beverages, whole bean coffee,
of virtual classroom and traditional brick-and-
location is independently owned and operated.
instant coffee, teas, pastries, and prepackaged
mortar type school systems are combined. Ivy
From 2012–2014 Home Instead Senior Care
sandwiches/snacks.
Tech is a public charter school that is free to all
network was listed as No.1 overall in franchisee
families of students grades 7-12 that reside in
satisfaction among all categories (source: Franchise
Ventura County and the adjacent counties of Los
Business Review). The Moorpark office serves
Angeles. Ivy Tech charter school is certified
Agoura, Camarillo, Moorpark, Newbury Park, Ojai,
with the California Department of Education
Oxnard, Simi Valley, Thousand Oaks, Ventura,
(Charter #1202). Ivy Tech Charter school has
Westlake Village, Malibu, Oak Park, Oxnard, Santa
a board that consists of several well qualified and
Paula, West Hills, and Fillmore. Home Instead
experienced educators. In addition to the
Senior Care offers In-Home Care, Home Health
board Ivy Tech Charter School is staffed with office
Aide, Adult Day Care, & Assisted Living Facility.
faculty, administration, and teachers.
MOORPARK CAMPUS PLAZA | MOORPARK, CA
25
T E N ANT PRO FI L E S
BURGER EXPRESS
CUSTOM PIE
TYPE:
Public
TYPE:
Private
TYPE:
Private
LESSEE:
LESSEE:
Rong Bo Lin & Shuping Lin (Chinese Food)
LEASE TYPE:
NNN
NO. OF LOCATIONS:
Michel Bardavid Modified Gross (Pays only suite utilities direct to provider) 1
LESSEE:
NO. OF LOCATIONS:
Nick Kalivas & George Reppas* Modified Gross (Pays only suite utilities direct to provider) 1
NO. OF LOCATIONS:
1
WEBSITE:
N/A
WEBSITE:
www.custompie.com
WEBSITE:
N/A
USE:
Operation of a Burger/Sandwich Restaurant
USE:
Operation of a Pizzeria
USE:
Chinese Restaurant
LEASE TYPE:
*Lease is guaranteed by Nick Kalivas & George Reppas
*Owner/Exec Chef Michel Bardavid is 15 year restaurant operator in Moorpark, CA
SO CAL NAIL SPA, INC.
EXCIDO
TYPE:
Private
TYPE:
Private
TYPE:
Private
LESSEE:
Long Xuong Truong
LESSEE:
Z&D Entertainment (Escape Room)
LESSEE:
Mark Howe
LEASE TYPE:
NNN
LEASE TYPE:
Gross
LEASE TYPE:
Gross
NO. OF LOCATIONS:
1
NO. OF LOCATIONS:
1
NO. OF LOCATIONS:
1 (Franchise Location)*
WEBSITE:
N/A
WEBSITE:
www.excidoescaperoom.com
WEBSITE:
www.farmersagents.com/mhowe
USE:
Operation of a Nail Salon
USE:
Escape Room (Group Entertainment)
USE:
The operation of a Farmers Insurance Office
*Lease is guaranteed by Nick Kalivas & George Reppas
FARMERS INSURANCE
*Owner/Exec Chef Michel Bardavid is 15 year restaurant operator in Moorpark, CA
* Farmers Insurance has 50,000 exclusive and independent agents
DR. EDNA JIMENEZ
ALLEN SOBELMAN
THE CHURCH OF SCIENTOLOGY
TYPE:
Private
TYPE:
Private
TYPE:
Private
LESSEE:
Dr. Edna Jimenez
LESSEE:
Allen Sobelman, CPA
LESSEE:
Church of Scientology
LEASE TYPE:
Gross
LEASE TYPE:
Gross
LEASE TYPE:
Gross
NO. OF LOCATIONS:
1
NO. OF LOCATIONS:
1
NO. OF LOCATIONS:
Churches: 55 (US) Missions: 55 (US)
WEBSITE:
N/A
WEBSITE:
www.sobelmancpa.com
WEBSITE:
www.scientology-moorpark.org
USE:
Operation of a Doctors Office
USE:
The operation of a CPA office
USE:
The operation of a Scientology Mission
*Lease is guaranteed by Dr.Edna Jimenez
26
LEASE TYPE:
YUE YAN CHINESE FOOD BOUTIQUE
LUCRUM GROUP | KW FORWARD LIVING
TENANT PRO FI L E S
FISHER ARCHITECTS
TODAI
TYPE:
Private
TYPE:
Private
LESSEE:
Michael & Veronica Fisher
LESSEE:
Scott Hamilton
LEASE TYPE:
Gross
LEASE TYPE:
Gross
NO. OF LOCATIONS:
1
NO. OF LOCATIONS:
1
WEBSITE:
N/A
WEBSITE:
www.todaidojo.com
USE:
The operation of an Architects Office
USE:
The operation of a self-defense studio
*Lease is guaranteed by Nick Kalivas & George Reppas
*Owner/Exec Chef Michel Bardavid is 15 year restaurant operator in Moorpark, CA
DANSK INVESTMENT GROUP TYPE:
Private
LESSEE:
Dansk Investment Group, Inc.
LEASE TYPE:
Gross
NO. OF LOCATIONS:
1
WEBSITE:
N/A Operation of a real estate investment and management company *Dansk Investment Group (Seller) currently manages the property
USE:
SOUL BODY YOGA TYPE:
Private
LESSEE:
Mina Izadsepas
LEASE TYPE:
Gross
NO. OF LOCATIONS:
1
WEBSITE:
www.soulbodyyoga.com
USE:
The operation of a yoga studio
MOORPARK CAMPUS PLAZA | MOORPARK, CA
27
6591-6597 Collins Drive Moorpark, CA
05
AR E A OVE R VIEW
VENTURA COUNTY, CALIFORNIA OVERVIEW Ventura County is located immediately northwest of Los Angeles County and spans from the Pacific Ocean up to Santa Barbara County to the northwest and Kern County to the northeast. Ventura’s reputation of being one of the country’s safest populated places has allowed it to also become one of the country’s most affluent places as well with a 2016 average household income of $105,062.
QUICK FACTS
• Ventura County is conveniently a 1 hour’s drive from downtown Angeles and 30 minutes from Santa Barbara. • Ventura County is ranked as one of the 100 highest-income counties in the country and the sixth wealthiest county in California by per capita income. • The Tech Coast Area of the County has a large population of technology corporations such as telecommunications, healthcare and biotech companies.
2016 ESTIMATED POPULATON
2021 PROJECTED POPULATON
2010 CENSUS POPULATON
EST. ANNUAL GROWTH 2010-2016
PROJ. ANNUAL GROWTH 2016-2021
2016 MEDIAN AGE
2016 AVERAGE HOUSEHOLD SIZE
2016 AVG. HOUSEHOLD INCOME
849,512
0.65%
30
LUCRUM GROUP | KW FORWARD LIVING
877,389
37.00
823,318
3.07
0.50%
$105,062
MOORPARK, CALIFORNIA OVERVIEW Founded in 1900 The City of Moorpark is located within Ventura County. The city stretches over 12.44 miles. The City of Moorpark is known for its scenic mountain views, temperate climate, western charm, upscale residential neighborhoods, strong schools, and outstanding colleges. For decades Moorpark has been recognized as a center for agriculture as well as a home for several Fortune 500 companies.
QUICK FACTS • Student & Faculty = ±19,000 • Voted # 4 Community College in Nation • 1,500 Courses Offered • Opened in 1967 : 150 Acres Campus • 15 Buildings, Football Stadium, Track, Athletic Facilities, & Exotic Animal Compound/ Observatory • Two Full Semesters/Yr (Fall & Spring) + Summer Session (May-August)
2016 ESTIMATED POPULATON
2021 PROJECTED POPULATON
2016 MEDIAN AGE
2016 ESTIMATED HOUSEHOLDS
2016 AVG. HOUSEHOLD INCOME
2016 EST. DAYTIME EMPLOYMENT
36,241
10,949
37,776
$124,186
35.60
12,427
MOORPARK CAMPUS PLAZA | MOORPARK, CA
31
MOORPARK COLLEGE OVERVIEW Moorpark College was opened in 1967. Over the past five decades the college has grown tremendously to its current 150 acre campus which includes 15 academic buildings, a football & track stadium, athletic facilities, and an exotic animal compound/observatory. Moorpark College is consistently recognized as a premier Community College, in 2014 Moorpark College was voted the #4 Community College in the Nation. Moorpark College reported 18,350 registered students and Âą650 staff members (FY 2013-2014). The college offers four semesters: Fall/Spring, as well as Winter/Summer intersessions. Moorpark College is located immediately adjacent the Moorpark Campus Plaza (subject property). The large student/faculty population provide a steady customer pool for the shopping center tenants.
MOORPARK COLLEGE: MOORPARK, CA
32
LUCRUM GROUP | KW FORWARD LIVING
CITY OF MOORPARK DEVELOPMENT PLAN MOORPARK CAMPUS PLAZA
MOORPARK CAMPUS PLAZA | MOORPARK, CA
33
OS-1 ZONING = OPEN SPACE DEVELOPMENT RESTRICTED
MOORPARK COLLEGE ±19,000 Students & Facul ty
Avg. HH Income of $112,235 3 Mile Radius
LLI CO
VH ZONING = VERY HIGH DENSITY RESIDENTIAL
NS
DR
CAMPUS DR
±88,00 VPD* Collins Drive & 118 FWY *source:CalTrans
34
LUCRUM GROUP | KW FORWARD LIVING
MOORPARK CAMPUS PLAZA | MOORPARK, CA
35
DEMOG RA PHI C R E P O RT
POPULATION
INCOME 1 MILE
3 MILES
5 MILES
1 MILE
3 MILES
5 MILES
2016 POPULATION - CURRENT YEAR ESTIMATE
5,685
24,941
86,638
2016 HOUSEHOLDS
1,837
7,508
28,340
2021 POPULATION - FIVE YEAR PROJECTION
5,778
26,131
89,706
UNDER $15,000
68
380
1,430
2010 POPULATION - CENSUS
5,660
23,446
83,527
$15,000-$24,999
53
334
1,296
2000 POPULATION - CENSUS
5,857
20,595
76,077
$25,000-$34,999
70
336
1,297
2010-2016 ANN. POPULATION GROWTH RATE
0.07%
0.99%
0.59%
$35,000-$49,999
128
598
2,232
2016-2021 ANN. POPULATION GROWTH RATE
0.33%
0.94%
0.70%
$50,000-$74,999
353
1,183
3,879
2016 MEDIAN AGE
36.90
34.60
38.00
$75,000-$99,999
437
1,239
4,137
2016 EMPLOYEES
1,566
13,433
38,883
$100,000-$149,999
409
1,825
6,216
$150,000-$199,999
173
826
3,506
$200,000 AND OVER
146
788
4,347
2016 AVERAGE HOUSEHOLD INCOME
$106,596
$112,235
$127,985
2021 AVERAGE HOUSEHOLD INCOME
$115,950
$120,834
$138,245
HOUSEHOLDS 1 MILE
3 MILES
5 MILES
2016 HOUSEHOLDS - CURRENT YEAR EST.
1,837
7,508
28,340
2021 HOUSEHOLDS - FIVE YEAR PROJECTION
1,858
7,824
29,233
2010 HOUSEHOLDS - CENSUS
1,842
7,128
27,514
2000 HOUSEHOLDS - CENSUS
1,866
5,949
24,207
2010-2016 ANN. HOUSEHOLD GROWTH RATE
-0.04%
0.83%
0.47%
2016-2021 ANN. HOUSEHOLD GROWTH RATE
0.23%
0.83%
0.62%
3.09
3.32
3.05
2016 AVERAGE HOUSEHOLD SIZE
36
LUCRUM GROUP | KW FORWARD LIVING
2016 MEDIAN HOUSEHOLD INCOME
$86,743
$92,121
$99,205
2021 MEDIAN HOUSEHOLD INCOME
$95,046
$101,004
$106,692
2016 PER CAPITA INCOME
$34,507
$33,628
$41,866
2021 PER CAPITA INCOME
$37,333
$36,018
$45,037
MOORPARK CAMPUS PLAZA | MOORPARK, CA
37
INVESTMENT CONTACTS Ray Rodriguez Principal D: +1 818-657-6513 M: +1 818-581-5829 Ray@email.com Lic. #01402283 Mathew Freedman Principal D: +1 818-657-6500 M: +1 818-585-6888 Matt@email.com Lic. #01487954 Rayhaneh Rezai Associate D: +1 818-657-6500 M: +1 310-985-5189 Rayhaneh@email.com Lic. #01772734 Scotty Weisstein Associate D: +1 818-657-6514 M: +1 818-205-8847 Scotty@email.com Lic. #01483264 Andrew Geltman Associate D: +1 818-657-6500 M: +1 818-357-1275 Andrew@email.com Lic. #02013948