OWNER-USER INVESTMENT OR SITUATED ON 2 LEGAL PARCELS ...naicapital.com/encino/yhaimoff/28141kellyjohnson/28141kelleyjohns… · several other unincorporated communities, such as Castaic

± 24,500 SF FACIL ITY SITUATED ON 2 LEGAL PARCELS

TOTALING ± 13.47 ACRE

O W N E R - U S E R I N V E S T M E N T O R D E V E L O P M E N T O P P O R T U N I T Y2 8 1 4 1 K E L LY J O H N S O N P K W Y V A L E N C I A , C A

Kelly Johnson Parkway

No warranty, express or implied, is made as to the accuracy of the information contained herein. this in-formation 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 con-tained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. NAI Capital CA BRE #01990696

27451 Tourney Rd., Suite 200Valencia, CA 91355

Yair Haimoff, SIORExecutive Managing [email protected] BRE Lic #01414758

Matt SredenSenior [email protected] BRE Lic #01907628

P R I M A R Y C O N TA C T S

Andrew GhassemiSenior [email protected] BRE Lic #01963548

1THE OFFERING

2PROPERTY

INFORMATION

3LOCATION

INFORMATION

I THE OFFERING

THE OFFERING NAI Capital, Inc. is proud to present an investment/development opportunity to

purchase 24,500 +/- SF facility formerly occupied by Albert Einstein Academy

of Letters, Arts and Sciences and used as a public charter school that is

situated on 2 Legal Parcels totaling 13.47 +/- Acres with potential Development

Opportunity. Parcel 1 has an existing two-story 24,500 +/- sf structure that is

situated on 7.5 +/- acres. Parcel 2 totals 5.97 +/- acres of paved storage/

parking area.

This value-add property presents an exceptional opportunity to develop an

additional space for school use or other uses such as flex, general or medical

office space on the excess land with the capacity to convert the existing

structure to a general or medical offices in the future.

The property is strategically located in a prime Valencia location that is within

the City of Santa Clarita Jurisdiction. It is situated within the prestigious Rye

Canyon Business Park just minutes from Valencia Town Center Amenities,

Hyatt Hotel and Conference Center, Fitness Centers, Restaurants, Hotels, Golf

Courses, single and multi-family housing and Freeway Onramps.

N A I C A P I T A L 2 8 1 4 1 K E L LY J O H N S O N P A R K W A Y | ± 1 3 . 4 7 A C R E S

I I PROPERTY INFORMATION

PROPERTY H IGHLIGHTS• Former Public Charter School

• Excellent Investment with Future Development Opportunity in a

Prime Valencia Location

• Existing Structure Features Excellent and functional layouts that is

Elevator Served

• Currently Vacant

LOCATION HIGHLIGHTS• 24,500+/- SF facility Situated on 2 Legal Parcels totaling 13.47 +/-

Acres

• Close Proximity to Newhall Ranch Development of more than

20,000 new homes

• Quickly accessed from anywhere in the submarket and features

easy access and abundant parking

• Minutes from Valencia Town Center Amenities, Restaurants, Hotels,

Golf Courses and Freeway Onramps


A D D R E S S 28141 Kelly Johnson Parkway, Valencia, California

PA R C E L N U M B E R 2866-048-031 and 2866-048-032

T O TA L B U I L D I N G A R E A 24,500 +/- SF

T O TA L L A N D A R E A 13.47 Acres

S T R E E T F R O N TA G E 650’

O C C U PA N C Y Currently Vacant

T O TA L PA R K I N G Concrete paved; parcel 1: 125 Parking Spaces and parcel 2: 45 parking spaces

A C C E S S I B I L I T Y 3 Staircases and 1 Elevator

Y E A R B U I LT 2006

S T R U C T U R A L Concrete Tilt-Up Construction F I R E A L A R M / S P R I N K L E R S Yes

Z O N I N G BP (Business Park)

T O P O G R A P H Y Flat and Rolling

BUILDING SPECIF ICATIONS


Prominent Building Signage

Secured Parking Area with Controlled Access Electric Gates

Motion Sensors

Projection Drops

WiFi Extenders

HDMI Hookups

• 12 Camera System• Classroom Furniture Maybe Available for Purchase • State of the Art Science Lab with Gas, Water and Electrical Connections – Possible Surgery Center

ADDITIONAL IMPROVEMENTS


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FLOOR PLAN NOTES WALL LEGEND

F IRST FLOOR SPECIF ICAT IONSMultiple small and large Classrooms

Science Lab

Multi-purpose room with maximum capacity of 235 persons

Locker-rooms

Galley/Kitchenette Area

Multiple storage rooms Multiple multi-stall restrooms

Work Room

SECOND FLOOR SPECIF ICAT IONSMultiple small and large Classrooms

Five private offices and faculty lounge

Accessed by three stairways as well as a single elevator

Multiple multi-stall restrooms

PROPERTY AERIAL


Kelly Johnson ParkwayConstellation Road


I I I LOCATION INFORMATION

E C O N O M I C O V E R V I E W

Santa Clarita has been recognized by several major organizations for its efforts

to foster significant and sustained business growth. The City of Santa Clarita

was named the “Most Business-Friendly City in Los Angeles County” by the Los

Angeles Economic Development Corporation (LAEDC) in 2016. The city of Santa

Clarita boasts over 30 million square feet of high quality office and industrial

space. The city is also home to a Foreign-Trade Zone that comprises much of

the industrial sector of the city, alongside several development initiatives. In

2014, the City of Santa Clarita created the Industry Cluster Attraction Incentive

program to provide tax incentives, matched by the County of Los Angeles, to

qualifying companies that relocate to Santa Clarita. Recipients of this program

qualify can qualify for:

• Exemption from Business License Fees

• Exemption from Utility Users Tax

• Exemption from Gross Receipts Tax

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

The City of Santa Clarita is widely considered to be one of the safest and most

desirable cities to live in in the country. The City of Santa Clarita is the fourth

largest city in Los Angeles County, and the 24th largest city in the state of

California. The City of Santa Clarita was formed in 1987 as an amalgamation

of the unincorporated communities of Canyon County, Newhall, Saugus, and

Valencia. The city occupies most of the Santa Clarita Valley, which includes

several other unincorporated communities, such as Castaic and Stevenson’s

Ranch. The City of Santa Clarita is estimated to have a population of 181,972

in 2016, along with a median household income of $83,554. Additionally, the

city is poised for significant growth, with an additional 21,500 new single-family

housing units slated for new construction under the Newhall Ranch Project over

the next 20 years.

SANTA CLARITA VALLEY


T R A N S P O R T A T I O N

Just 10 minutes from the San Fernando Valley, 25

minutes from Burbank Airport, 30 minutes from

downtown Los Angeles and 40 minutes from LAX

Los Angeles International Airport with easy access

to the Tri-Cities, West Los Angeles, and downtown

Los Angeles via Golden State I-5 Freeway. The

Santa Clarita Valley is close to 23 interstate and

local highways providing convenient access to all

areas of the Los Angeles and Ventura Counties.

P O P U L A T I O N G R O W T H

Valencia is located in the desirable Santa Clarita

Valley which is home to growing industries including

Aerospace and Defense, Medical Device, and

Information Technology. Businesses thrive in this

submarket which is a lower cost alternative to the Tri

Cities and Southern Los Angeles County Markets.

W O R K F O R C E

Companies in the Santa Clarita Valley can tap

into 2.7 million workers within a 30-minute

radius. The reverse commute is a plus for

employers and employees alike.

Q U A L I T Y O F L I F E

The Santa Clarita Valley is regarded as a very

desirable area to live. Featuring great schools,

shopping and high overall quality of life. The area

does not suffer from the congestion of south Los

Angeles County, yet is very close.

U N I V E R S I T I E S A N D J O B T R A I N I N G

The Santa Clarita Valley is also close to 15 area

colleges and universities and home to the College of

the Canyons, which is recognized for its leadership

in correlating education with economic growth, job

retention and workforce development.


CITY OF SANTA CLARITAO F F I C E M A R K E T

The greater Santa Clarita Valley office submarket is one of the newest markets

in the greater Los Angeles Area. It consists of approximately 210 buildings with

about 4.68 million SF rentable building area. 2.87 Million SF, or about 60% of

all properties, are located within the City of Santa Clarita. As the following chart

shows, a very limited amount of investment went into new office and retail buildings

since 2010.

Currently, there is only a minimal 100,000 SF of new space under construction

with about 426,000 SF of existing vacancy. With an expected 3,130 jobs created

in 2015, this translates into about another year of supply.

The limited inventory increases the demand for existing office buildings. According

to CoStar, the average rent is $28.48/SF or $2.37 per month on a full service basis.

The majority of office properties in the Santa Clarita Valley are Class B products,

similar to the subject. There are only a limited number of newer multi-tenant office

buildings in the area and they are in high demand. Due to limited supply, only three

(3) larger than 10,000 SF office building were sold since January 2014 for a price

ranging from $300.58/SF to $423/SF with an average sale price of $364/SF.

There are no large scale office developments breaking ground in the City of Santa

Clarita. With severely limited new supply, the demand for existing office space is

expected to grow. Due to the increasing demand and low inventory, lease and sale

prices are expected to rise through 2017 and beyond.

With over $25 Billion infrastructure and construction activity currently underway,

the strength of the Los Angeles economy continues to support regional business

in Santa Clarita. Due to its favorable tax and business climate and its reverse

commuting pattern, Santa Clarita offers one of the most desirable office

environments in the region for owner users and investors. In 2015, the office

market is expected to continue its strong recovery with positive net absorption

and rising rent and sale prices. The limited supply and increasing demand for high

quality office space signals that investor confidence will remain strong in the Santa

Clarita Valley for the foreseeable future.


SANTA CLARITA OFF ICE SUBMARKETM E D I C A L M A R K E T

• 2.5 Miles from Henry Mayo Hospital a 238 bed community hospital with over

450 doctors

• 10 Area Hospitals serving the extended North LA population

• Antelope Valley Hospital - Lancaster

• Henry Mayo Newhall Memorial Hospital - Valencia

• Kaiser Fnd Hosp - Panorama City - Panorama City

• Los Angeles County Olive View-Ucla Medical Center - Sylmar

• Mission Community Hospital - Panorama Campus - Panorama City

• Northridge Hospital Medical Center - Northridge

• Pacifica Hospital of the Valley - Sun Valley

• Palmdale Regional Medical Center - Palmdale

• Southern California Hospital At Van Nuys D/P Aph - Van Nuys

• Valley Presbyterian Hospital - Van Nuys

• Over 3,000 primary and specialty care physicians.

• Convenient highway access and great visibility for out of town patients

• Satellite location for doctors from Palmdale, Lancaster and other regional hospitals

• Over 1 Million patient population from the market area

• High Income local population in Valencia – elective procedures


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 movie ranches, occupying 3,553 acres of land. The City’s

Film Incentive Program has contributed $35.25 Million to the community and provided refunds up to 40

different production companies. In 2013, the City generated 1,264 location film days, up 38% from the

previous year. In contracts, total shoot days increased by 11% for the Los Angeles area. Stated differently,

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 $30.5 million in spending on

wages, hotels, catering and other goods and services in the city, up from $21.7 million in 2012, according

to the Santa Clarita film office.

The new facility will be constructed on approximately 56-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. Construction is scheduled to start before the end of 2015, however, no final

decision has been made as to which plan will be implemented.

D I S N E Y / A B C S T U D I O S A T T H E R A N C H

SANTA CLARITA MEDIA SUBMARKET


The greater Santa Clarita Valley industrial submarket is one of the newest markets

in the greater Los Angeles Area. It consists of approximately 550 buildings with

a rentable building area just under 20,000,000 square feet.

The average industrial vacancy rate in the Santa Clarita Valley is under two (2%)

percent with no vacancy in the Centre Pointe Business Park. There is a very limited

supply of similar Class A product available in the surrounding areas.

The majority of industrial properties in the Santa Clarita Valley are warehouse,

light manufacturing, R&D, and flex buildings. There are only a limited number

of newer multi-tenant industrial buildings in the area and they are typically fully

leased. Due to limited supply, only a few similar Class A properties were sold

in the Santa Clarita Valley in recent years. The constant demand for flex office

and warehouse space is generated by the local manufacturing sector and the

entertainment industry that support the Hollywood/Burbank media complex.

The most significant industrial development underway is the 58 acre Disney/ABC

studio complex which will consist of 12 sound stages. The project is scheduled

to be completed in the near future and is expected to generate 2,854 high paying

permanent jobs and $533 Million in annual economic activity.

The development has already started to increase demand in the area for

industrial and flex spaces that has translated into slightly higher rental rates.

With increasing demand and very low existing inventory, lease and sale prices

will continue to rise through 2017 and beyond.

SANTA CLARITA VALLEY INDUSTRIAL SUBMARKET


LOS ANGELES COUNTY O F F I C E M A R K E T

The greater Los Angeles basin is the heart of the

economic activity in Southern California. It is the

2nd largest GDP center in the United States and

represents the 3rd largest economic center in the

world with $775 Billion a year economic output.

The area has one of the largest office markets in

the Western United States with about 300 Million

square feet of inventory.

Los Angeles County covers 4,061 square miles

including the Santa Catalina Island. Los Angeles

County is the most populous county in the United

States with a population of 9.9 million people

including about 1 million that live in unincorporated

areas. The County is comprised of approximately

88 vibrant and diverse cities and communities.

The County has a labor force of more than 4.7

million and it boasts of one of the most educated

employment markets in the nation with more

than 1.5 million college graduates. Throughout

the recent decades, LA County has developed

a diverse economic base, supported by more

than 244,000 business establishments – the

greatest concentration in California. Los Angeles

County is recognized worldwide as a leader

in entertainment, health sciences, business

services, aerospace and international trade.

A large number of Fortune 500 companies are

headquarters in the area that ensures a consistent

demand for office space.

In the 4Q/2014, Los Angeles County added 113,300

new jobs to its labor force extending its economic

recovery. The demand for office space continued to

increase with a positive net absorption of almost 2

Million square feet, reducing vacancy to 15.9%. In

4Q/2014 alone, there were almost 21 Million square

feet of office space leased out with an average rate

of $2.46 PSF on a full service basis.

Currently, there is only about 3 Million square feet

of office space under construction. Los Angeles is

a developed market with virtually no vacant land

available for new development. The lack of vacant

land and high land prices for re-development

opportunities increase the barriers to entry to the

point where new developments represent only 1%

of the existing stock. The limited new supply coming

to the market supports the continued demand for

existing office space through 2017 and beyond.


LUXEN HOTELDescription: 42 Rooms

Status: Under Construction

NEEDHAM RANCHDescription: 4.2mm SF (Industrial/Commercial)

Status: 4.2mm SF (Industrial/Commercial)

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 950,000 SF of Corporate Office and Industrial

Status: Under Construction

DISNEY AT THE RANCH – ABC STUDIOSDescription: 58 Acres of Studio Space and

Corporate OfficesStatus: In Process of Project Approval

SAUGUS STATION INDUSTRIALDescription: 43 Acres of Industrial

and Office FlexStatus: Approved and in Entitlements.

Rough Grading Completed

NEW DEVELOPMENTS


Starbucks Coffee

Valencia Country Club

Mexican CuisineBurger CuisineFitness Centers

Westfield Valencia Town Center

Super Markets & Grocery Stores Asian Cuisine Restaurant Bars & Pubs

AREA RETAILERS


Vista Valencia Golf Course

SITE

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126

5

Bouquet Cyn Rd

Soledad Cyn Rd

Newhall Ranch Rd

Golden Valley Rd

Railroad A

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Lyons Ave

ENTRADA DEVELOPMENT 1,600 Residential Units

ENTRADA GATEWAY CENTER75 Acres of Mixed Use Development:Office, Retail and Residential Condos

9 Million SF Of Business Development

NEWWHALL RANCH12,000 Acres; 21,000 Homes

TPC Valencia Golf Course

Valencia Country

Club

W S Hart Union High School

West Ranch High School

Golden Valley High School

Jereann Bowman High School

Canyon High School

Saugus High School

Valencia High School

Santa Clarita Valley International School

5


DEMOGRAPHICS1 Mile 3 Mile 5 Mile

PopulationEstimated Population (2017) 4,048 65,239 152,891Projected Population (2022) 4,155 66,906 156,879Census Population (2010) 2,580 60,091 144,198

HouseholdsEstimated Households (2017) 1,364 20,229 49,684Projected Households (2022) 1,418 21,058 51,693Census Households (2010) 895 18,387 46,318Census Households (2000) - 11,344 32,045Projected Annual Growth (2017-2022) 54 830 2,009Historical Annual Change (2000-2017) 1,364 8,885 17,639

Household IncomeEstimated Average Household Income (2017) $130,742 $129,865 $126,701Projected Average Household Income (2022) $169,832 $163,642 $159,211Census Average Household Income (2010) $112,509 $107,781 $107,428Census Average Household Income (2000) - $92,176 $89,802Projected Annual Change (2017-2022) $39,089 $33,777 $32,510Historical Annual Change (2000-2017) $130,742 $37,689 $36,899Estimated Median Household Income (2017) $120,359 $114,377 $111,517Projected Median Household Income (2022) $140,866 $132,893 $129,288Census Median Household Income (2010) $87,581 $93,267 $93,176Census Median Household Income (2000) - $79,034 $78,550Projected Annual Change (2017-2022) $20,507 $18,516 $17,771Historical Annual Change (2000-2017) $120,359 $35,343 $32,967

Race and EthnicityTotal Population (2017) 4,048 65,239 152,891White (2017) 2,320 40,744 102,332Black or African American (2017) 307 4,661 7,959American Indian or Alaska Native (2017) 12 229 689Asian (2017) 975 9,565 20,525Hawaiian or Pacific Islander (2017) 9 88 208Other Race (2017) 158 6,798 13,681Two or More Races (2017) 267 3,154 7,496

Daytime Demographics (2017)Total Businesses 606 3,928 6,458Total Employees 6,414 51,041 76,413Company Headquarter Businesses 5 27 35Company Headquarter Employees 513 3,868 5,186Employee Population per Business 10.6 to 1 13.0 to 1 11.8 to 1Residential Population per Business 6.7 to 1 16.6 to 1 23.7 to 1Adj. Daytime Demographics Age 16 Years + 7,224 71,986 121,089


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, with-drawal 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. NAI Capital CA BRE #01990696

27451 Tourney Rd., Suite 200Valencia, CA 91355

Yair Haimoff, SIORExecutive Managing [email protected] BRE Lic #01414758

Matt SredenSenior [email protected] BRE Lic #01907628

P R I M A R Y C O N TA C T S

Andrew GhassemiSenior [email protected] BRE Lic #01963548

Documents

OWNER-USER INVESTMENT OR SITUATED ON 2 LEGAL PARCELS ...naicapital.com/encino/yhaimoff/28141kellyjohnson/28141kelleyjohns… · several other unincorporated communities, such as Castaic