COMPARABLES. The Port and the Union agree to use the following comparables: the cities of Seattle, Tacoma, Renton, Bellevue, Tukwila, and Xxxxxxxx, and Valley Regional Fire Authority.
COMPARABLES. SECTION 1. The following is a list of comparable Locals, agreed upon by the District and the Local for contract years 2018-2020:
COMPARABLES. Currently offered at a 6.94% capitalization rate with 69% occupancy, an investor has the opportunity to achieve a pro-forma capitalization rate of 10.94% and a total return of 15.95% at 90% occupancy. This Pro Forma is based solely on filling current vacancies, in which the vacant units are primarily move- in ready for a new tenant. There is further opportunity with the tenant rents averaging $0.97 per square foot- well below the market average. Offered at only $97.32 per square foot, this is a rare opportunity for an investor to dramatically reap upside with minimal expenditure necessary. MARKET OVERVIEW San Bernardino city is the largest city in San Bernardino County with a population over 205,000. From 1998-2004, the economy grew over 37%, and the government was both the largest and fastest growing employment sector, offering over 16,000 jobs in the retail sector alone. San Bernardino attracts thousands of tourists each year, with annual events each year including: the Route 66 Rendezvous, a four day celebration of America’s “Mother Road,” Berdoo Bikes and Blues Rendezvous, National Orange Festival, a citrus exposition founded in 1911, the Western Regional Little League Championship, as well as the annual anniversary of the birth of the Mother Charter of the Hell’s Angels Motorcycle Club, Berdoo California Chapter. Other attractions include the San Manual Casino and Amphitheater, Xxxxxxx Center for Fine Arts, and the Arrowhead Springs Hotel and Spa, a resort that contains hot springs, mineral baths, and steam caves. EXECUTIVE SUMMARY EXECUTIVE SUMMARY Summary of Terms Interest Offered Fee Simple interest in the E Street Shopping Center, a 44,182-square foot shopping center located at 955 & 000 Xxxxx X Xxxxxx, Xxx Xxxxxxxxxx, XX 00000 (APNs: 0000-000-00, 0136,481-04). PROPERTY DESCRIPTION Terms of the Sale The property is being offered at a price point of $4,300,000. For further details, please review the Financial Analysis section of this offering memorandum. Property Tours FINANCIAL ANALYSIS Prospective purchasers are encouraged to visit the subject property prior to submitting offers. However, all property tours must be arranged with the Marcus & Millichap listing agents. Please do not contact the on-site management or staff without prior approval. COMPARABLES Proposed Financing Loan Type Assumable Interest Rate 4.50% Amortization 30-Year Term 30 Years Approximate Loan Balance as of 01/01/2015 $2,560,665.63 Approximate Monthly Payment** $13,477.83 MAR...
COMPARABLES. Income In 2013, the median household income for your selected geography is $38,212, compare this to the U.S. average which is currently $53,535. The median household income for your area has changed by 11.64% since 2000. It is estimated that the median household income in your area will be $41,836 five years from now, which represents a change of 9.48% from the current year. The current year per capita income in your area is $15,146, compare this to the U.S. average, which is $28,888. The current year average household income in your area is $52,277, compare this to the U.S. average which is $75,373. Race & Ethnicity EXECUTIVE SUMMARY PROPERTY DESCRIPTION The current year racial makeup of your selected area is as follows: 44.38% White, 12.11% African American, 1.29% Native American and 6.45% Asian/Pacific Islander. Compare these to Entire US% averages which are: 72.20% White, 12.65% African American, 0.17% Native American and 4.82% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin make up 65.48% of the current year population in your selected area. Compare this to the Entire US% average of 16.55% . FINANCIAL ANALYSIS Housing The median housing value in your area was $104,615 in 2000, compare this to the Entire US average of $110,781 for the same year. In 2000, there were 42,426 owner occupied housing units in your area and there were 41,156 renter occupied housing units in your area. The median rent at the time was $521. Employment MARKET OVERVIEW In 2013, there are 114,301 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 51.1% of employees are employed in white-collar occupations in this geography, and 48.8% are employed in blue-collar occupations. In 2013, unemployment in this area is 6.15%. In 2000, the median time traveled to work was 21.3 minutes. MARKET OVERVIEW The NOS Events Center from the National Orange Show Events Center Website: xxx.xxxxxxxxx.xxx E StrEEt Shopping CEntEr EXECUTIVE SUMMARY PROPERTY DESCRIPTION FINANCIAL ANALYSIS The National Orange Show Events Center is a continuation, with some modifications, of a non-profit association formed in 1910. The National Orange Show was launched with the purpose of being an asset to California’s citrus fruit industry. A permanent location for the show in San Bernardino was se- lected in 1923 in the area south of Mill Street between Arrowhead Avenue and “E” street. Construction of ...
COMPARABLES. The County and the Association agree that the following agencies will be utilized for human resource purposes: El Dorado County, Nevada County, Placer County, Plumas County, Shasta County, Xxxxxx County, Yolo County and Yuba County. The County has selected a qualified vendor to conduct a Countywide Classification and Compensation Study which it will conduct at an appropriate and feasible time, the results of which will be provided to the Association.
COMPARABLES. SECTION 1. The following is a list of comparable Locals, agreed upon by the Employer and the Local for contract years 2022-24:
COMPARABLES. States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile and Assurance Wireless; instant national and international push-to-talk capabilities; and a global T-1 Internet backbone . overviewMARKET OVER VIEW Riverside-San Bernardino ARCO | AMPM | STARBUCKS | SUBWAY Market Highlights n The metro currently leads the nation in sales, construction and absorption of industrial property .
COMPARABLES. The Riverside-San Bernardino-Ontario metro area, also referred to as the Inland Empire, is a 28,000-square-mile region in Southern California comprised of San Bernardino and Riverside counties . Valleys in the southwestern portion of the region, adjacent to Los Angeles, Orange County and San Diego County, are the most populous in the metro area . These areas abut the San Bernardino and San Jacinto mountains, behind which lies the high desert area of Victorville/Barstow to the north and to the east, the low desert Coachella Valley, home of Palm Springs . This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future Riverside-San Bernardino Metro
COMPARABLES. Two rail lines serve Riverside-San Bernardino, and the region boasts one of the largest and most modern intermodal facilities in the nation . Amtrak provides passenger rail service, and MetroLink connects the area to Orange County and Los Angeles . Local transit agencies run bus service throughout the area . ARCO | AMPM | STARBUCKS | SUBWAY n n n Ontario International Palm Springs International 33 smaller airports n Interstates 10, 15 and 215 n Highways 60, 71, 91 and 210 n n Freight BNSF and Union Pacific Passenger - Amtrak n Commuter - MetroLink n n n 60 miles from Los Angeles 100 miles from San Diego 113 miles from Tijuana n 400 miles from San Francisco Riverside 316,400 San Bernardino 215,700 Fontana 202,600 Xxxxxx Valley 202,400 Rancho Cucamonga 170,900 Ontario 168,600 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future Riverside-San Bernardino ARCO | AMPM | STARBUCKS | SUBWAY Economy The Riverside-San Bernardino metro has one of the largest economies in the United States . While the region’s economic expansion has been fueled by a number of factors, robust population growth has been the primary demand driver . Despite pull backs in housing costs, still-high home prices throughout much of Southern California leave residents seeking more affordable options in the Inland Empire . The resulting increase in population will continue to heighten the need for housing, retail goods, personal services and government services .
COMPARABLES. During the past year, the Riverside-San Bernardino metro area recorded higher industrial absorption than most other industrial markets in the state . The distribution system also benefits two major cargo airports: Ontario International and the Southern California Logistics Airport in Victorville . This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future Riverside-San Bernardino Labor
