03/25 2016

CRE Hotel Resort Retail List

We have HUGE Lists of Off Market Opportunities.

Our Petro List for instance, is more like a DataBase.

See other opportunities here:  http://kellencapital.com/investment-opportunities/

OFF MARKET PROPERTY LIST

WE ARE PROVIDED THE INFORMATION ON THIS LIST FROM BROKERS AND INVESTORS WHO HAVE STATED THE PROPERTIES ARE NOT LISTED ANYWHERE ELSE,  IN Foreclosure, or are exclusive to the brokers who have contacted us.   We make no assertions or guarantees that the information is totally exclusive, but we do make an effort to take down any of these properties at the owner’s request.

 

Permitted for 200 Luxury Condos.

 

 

          And Here’s the Rest of our OFF MARKET OPPORTUNITIES YOU WON’T SEE   ANYWHERE ELSE!

 

 

OFF MARKET PETRO LIST:   We have 300,000 acres of dual purpose acreage in the United States for dual development.  Ranging from $2MM and up.   ALL PROPERTIES have Oil/Petro/Mineral AND RESIDENTIAL DEVELOPMENT Potential!  We are not going to send the list out unless we see a POF from Oil Investor, otherwise we will be running around doing paperwork all day, and won’t get anything done.  We option more acreage than anybody else in America.  Most of these assets are so cheap, that oil can drop to $10BB and we are still making money, many of them we have acquired them for the cost of a Court Order.  Ask me about our best or cheapest, or be state specific…..

 

 

OFF MARKET HOTELS/RESORTS

 

SECTION 1- HOSPITALITY- HOTEL/RESORTS

 

  1. RENOWNED BOUTIQUE STYLE HOTEL: Costa Mesa (Orange County), CA. Hotel is located to nearby South Coast Plaza Mall, which offers over 2,000 shops and a wide variety of dining experiences. This upscale boutiques style hotel provides over 220 guest rooms and suites with three flexible meeting rooms that total 9,OOO sf. for corporate events and special events as well. The hotel is conveniently located within three miles to John Wayne/Orange County Airport and within 10 miles to Orange County attractions, including Disneyland, many beaches and golf courses, museums and sports arenas. The hotel went through a recent major remodeling. Occupancy for 2013 was at 76.13% with an ADR of $110.15. NOI for 2013 at $2.7M and a cap rate of 6%. All offers will include a Buyer paid fee of 1.5%. Asking price: $49MM.

  1. LUXURY BOUTIQUE HOTEL: Downtown Manhattan, NYC…. this hotel is located in desirable Chelsea District close to Chelsea Market, High Line Park, shops, galleries, retail and fine dining. This luxury modern boutique hotel features 316 guest rooms and suites and a rooftop lounge for casual gatherings and entertainment. The eclectic surreal comfort features panoramic views of the Hudson River,Times Square and the New York City skyline. Guests will enjoy an outdoor pool and a 5,000 sf. pool deck for special events. A24/7Fitness Center is included with many on site dining options. Occupancy averages 98%. All offers will include a Buyer paid Fee of 1%. Asking price: $321MM.

  1. WORLD-CLASS LUXURY RESORT, GOLF &SPA: Located on the Pacific Ocean on one of the most prestigious oceanfront locations in Southern California. This celebrated beachfront spa-golf resort features a Forbes Five-Star Resort Award, Forbes Five-Star Spa Award and am AAA Five-Diamond Award. Few resorts can boast such a beautiful location of breathtaking views, rich amenities including an 18-hole oceanfront golf course with glamorous panoramic ocean views and with two holes adjacent to the beach itself All nestled along one of the most exclusive beaches in Southern California. This acclaimed resort combines the finest of luxury amenities, superior meeting facilities, and breathtaking ocean views with more than 30,000 sf of indoor meeting space plus an additional 60,000 sf of outdoor event space including abeautiful botanical garden, gazebos, spacious lawns and ocean view terraces all on 172 acres of this beautiful resort on the California coast. The 400-room resort includes 325 oversized guestrooms, averaging 535 sf, and 75 suites from 800sfto more than 3, 100 sf Fresh air and cool ocean breezes are plentiful as each guestroom balcony offers enjoyable golf course, ocean or resort views. Signature butler service highlights the finest of amenities and personalized service. Confidential financial information will be made available to a bona-fide buyer upon submission of a Letter of Interest and satisfactory proof of ability to perform. All offers will include a Buyer paid Fee 2% Asking price: $441MM.

  1. LUXURY RESORT, HOTEL/CONDO PROJECT: Development Opportunity … This impressive resort hotel site, located on one of the most highly regarded oceanfront locations in Southern California; consisting of 2.8 acres, has the following approvals and entitlements: 11 General Plan and Local Coastal Program: Visitor/Recreation Commercial Zoning: Allowable Rooms: 90 Keys; Allowable Gross Floor Area: 110,750 sf; Height limit- 42 feet above finished grade; three stories; Fractional Ownership (Hotel Condominium) Recorded Development Agreement with the City Approved Tentative Tract Map and Recorded Final Map. Site is rough graded with certified pads – lower pad has been graded to accommodate two levels of underground parking. All abutting street improvements have been constructed and all utilities and infrastructure are in place to serve the development. All offers will include a Buyer paid Fee of 3%. Asking price is $35.5m.

  1. ISLAND OF ANGUILLA RESORT: CAP JULUCA. Caribbean, British West Indies. This resort, with its Greco-Moorish elegant architecture, is one of the most gorgeous hospitality award winning establishments. The site contains 18 private villas, 98 rooms plus development room to expand with 24 additional villas. Lessees of six of the villas have an agreement to place their units back into the rental pool for a period of time each year. There are no management or flag encumbrances. Seller is the original owner and developer. The development was voted #1 Best Beach Resort in the World in 2013

  1. PRIME DOWNTOWN LOS ANGELES LOCATION-HOTEL,RETAIL, AND RESIDENTIAL: A unique opportunity to develop a well situated hotel site in the vibrant up and coming Downtown Los Angeles area, within walking distance of Staples Center, LA Live, the Convention Center, world-renowned restaurants and more. The opportunity to refurbish and modernize the existing hotel and then to expand to by adding up to 150 new premium condo residences, including 40 artist studio lofts. The adjacent warehouse parcels add additionalgrowth and expansion opportunities. There already exist 500 parking spaces. The present anchorhotel consists of 150 rooms along with over 50,000 square feet of retail space. Property measures 59,677 square feet; zoned for both commercial and residential use. Asking price is $35M ($530/square foot). Estimated building costs+ acquire: $221M+ $39M= $270M. Financing opportunities for the development can be made available.  Buyer paid fee: 3%

  1. MIAMI-AIRPORT PROXIMITY: Medical building and adjacent 7-acre parcel located in Miami, FL in very close proximity to Miami International Airport. Proposed development on the adjacent 7 acre parcel can provide a convenient hotel for families of patients spending extended stays. Hotel would be within walking distance to the medical building adjacent garage for parking connected to both buildings. Present group of doctors who own the Hospital would like to be a part of the new hotel expansion.

  1. CLASSIC MIAMI OCEAN FRONT NICHE HOTEL/CONDO! TIME SHARE: Two adjacent condominium/residential/hotel buildings on Upper Collins Ave, with a total of 151 rooms are now available for sale. The corner property consists of all the 86 condo/timeshares in 10 units, using 100 weeks per year. Timeshares are owned by the same company (the owner) and controlled by the association. The adjacent building which faces the ocean is a niche facility with 65 hotel rooms. The combined size of the two lots consists of 14,150 square feet + 35,000 square feet for a total of 49,150 square feet. The property enjoys high occupancy rates resulting in this being sound investment-good returns. Executed NCND will produce all current due diligence. Asking price: $49M. Buyer paid fee of 6%.

  1. PRIME BEVERLY HILLS 5-STAR HOTEL: Asking price: $620 million.

SECTION 2: OFFICEBUILDINGS:

  1. OFFICE BUILDING – CLASS “A”: Prime location South Carolina central business district, 100% leased to a NYSE credit tenant, an international telecommunications company; with 150,000sfrentable. Originally “built to suit” new construction to tenant’s specifications in

  2. Tenant has said they have no plans to move. Originally leased from 2004 until Nov. 2014, with three 5-year options, Option extended through 11/2019. The current annual rent is estimated. at $1.9114M through 11/2019. Rent increases @ 15% every five years; next increase is scheduled for 2019, 2024 &2029. Property has an assumable loan of approximately $11,800,000, fixed rate@5.35%. P&I@ $88,354/monfu Cap rate@7.36%. All offers will include a Buyer paid Fee of2%Price $25.8MM

  1. OFFICE BUILDING: CLASS “B”: East San Diego area. : Over 82,000sf four story office building with an on-site 370-space concrete parking structure, sitting on 2.29 acres, fee simple. Property is free and clear. Built new in 2004, three prime tenants provide 100% occupancy with bank/government offices/ educational offices/health sciences schools-offices on a NNN-lease basis. New leases are being signed; 52% of the building income is City of San Diego guaranteed until 2034. Present NOI with the newly signed leases is $2,029,743. This is being offered at a 7.5% cap rate. Seller is retiring and selling assets. All offers will include a Buyer paid Fee of 2%. Asking price: $31.5MM Firm.

  1. DOWNTOWN CLEVELAND OFFICE BUILDINGS: These three (3) major downtown office buildings are located in the burgeoning Central Business District. The rebirth of this core business center of Northeast Ohio has seen the influx of over 13,000 residents moving into Class “B + C” office buildings alongside converted warehouses and mixed use structures has forced professional and commercial tenants to move into these class “A”buildings. All three of these buildings are averaging occupancy rates over 95%. Adjacent parking or contained within the buildings is plentiful. There is ample nearby, convenient public transportation. Great amenities surround these buildings. Reasonable rental rates are lower than most metropolitan cities of comparable size. The buildings are within walking distance to the historicWarehouse District and the Flats entertainment locations. Asking price: to be determined. Buyer paid fee of 3%. .—..

  1. DOWNTOWN LOS ANGELES OFFICE CLASS A Building: Iconic, historic Class “A” office building, in the Central Business District of Los Angeles, includes a four level parking structure with ample parking and easy access to the 110 Freeway. Union Station, major stations of the Los Angeles Metro and commuter bus stops. The building contains 700,000 square feet on over 3 acres. Occupancy is currently at approximately 75% providing the new owner the opportunity to develop profitable benefits from increased rentals. A retail center with an attractive landscaped plaza is included with the 600,000 square feet contained in the office tower. An adjacent property provides the opportunity to be expanded and develop a 360 apartment complex. Asking price: to be determined. Buyer paid fee: 3%.

  1. SOUTHERN CALIFORNIA BUILDING: Built in 1988, presently has a NOI of $1,784,607. This 123,000 square foot building is 96% leased, 65% of which are credit tenants. Objective: to purchase, lease, and manage. Asking price of $37M. Buyer paid fee of 3%.

  1. WESTSIDE LA HIGH RISE OFFICE TOWERS: 4 High Rise Office Towers in Westside Los Angeles hasover 1,700,000 square feet of rentable area. Currently 86% occupied, with both professional and commercial tenants, providing the new owner the opportunity to reap profitable benefits.Currently has an NOI of$55 million. Asking price of $1.2B. Buyer paid fee of 3%.

  1. DOWNTOWN LOS ANGELES: Historic multi-story building with strong bones located in the heart of the multi-faceted area of downtown Los Angeles experiencing a renaissance; presenting an opportunity to create a mix of high-end retail, hotel and residential in this approximately l.l million s/f building along the lines of the development currently underway for the nearby Broadway Trade Center in the former May Co. building. Asking price to be determined; Offers to include a Buyer paid fee to be determined.

SECTION 3: MEDICAL OFFICE BUILDINGS:

None available at this time

 

 

 

SECTION 4:RETAIL:

  1. RETAIL SHOPPING CENTER PORTFOLIO: – located in three states (North Carolina, Ohio, and Pennsylvania). These four retail shopping centers were built between 1966 and 2003. This would be a core holding with a great value-add aspect in the oldest center, which most likely could use a repositioning in capital upgrades. Not grocery anchored. Total aggregate rentable is 223,374sfNOI for YE 2013 was $1,631,844 NNN. Cap Rate of 8.78% is maintained for one of the locations. The aggregate Cap-Rate for the entire portfolio is 7.6%. All offers will include a Buyer paid fee of3%. Asking Price: $25.51MM.

  2. RETAIL CENTER: Santa Clarita, CA. This property is located in the rapidly growing populated area of Santa Clarita, California and contains a multi-tenant shopping center located on 8 separate parcels. The footprint consists of 133,460sf on 23 acres. The center was originally built in2008 and is currently 98% occupied. It includes parking spaces for 870 cars. Title will be delivered with no debt. Asking price $28.9M. All offers will include a Buyer paid fee of 3 points.

SECTION 5: MULTI-FAMILY:

  1. MULTI-FAMILY PROJECT: Baton Rouge, LA This 200+ Unit Class C property offers a new investor the ability to enhance rental revenue by upgrading the units. Built in 1975 the property has had recent renovations totaling over $2M including a new roof the property offers an ample unit mix of 1, 2, &3 bedroom apartments with the majority being townhouse floor plans. Operating at almost 100% Occupancy this property is being offered at a 9% CAP. All offers to include a Buyer paid Fee of 4%. Asking Price: $10,729,000.

  1. PRIME COASTAL LOCATION FOR MULTI-FAMILY DEVELOPMENT: Santa Monica, CA: This prime development site will enable construction of approximately 3000 units. Offers to include a Buyer paid fee of3%. Asking price: $521m.

  1. COUNTRY CLUB VILLAGE DEVELOPMENT INTEGRATED CCRC COMMUNITY: Calimesa, CA: Proposed complete CCRC community integrated with Hotel facility available consisting of an aggregate of 623,574 s/f with the following components : I) Casitas – 18,480 s/f, 2) Senior Independent Living – 335,754 s/f; 3) Medical Facilities – 30,000 s/f, 4) Cluster Housing- 117,640 s/f; 5) Hotel – 93,000 s/f, 6) Retail – 22,500 s/f; 7) Restaurant-6,200 square feet of Prime land to be developed, owned and managed. All offers to include a Buyer Fee of3%. Asking price to be determined.

  1. MIXED USE SEN10R CITIZENS DEVELOPMENT: Alhambra, CA. Mixed use project oriented toward senior citizens in this rapidly growing community in the wealthy San Gabriel Valley with a majority Asian demographic. The plan provides for the following components: i) 133 three story townhouses with an average of 1,450 s/f; ii) Medicalfacilities -30,000 sit and iii) Retail- 14,000 s/f Ample parking is designed to the plan consisting of224 spaces, including 82 underground for commercial use and 466 spaces for residential use.This is a premium build, own and manage opportunity. All offers to include a Buyer fee of 3%. Asking Price: $44 million

  1. COMMERCIAL DEMOLITION COMMERCIAL OR MULTI-FAMILY OPPORTUNITY: Orange County, CA. Five sites are composed of multiple parcels. Presently designated as Class B Commercial Space, the sites can be permitted for Multi-Family or Condo mapped units. The additional parcel can be expanded into residential,condo or retail. It is estimated that up to 3,000 units could be developed on the site. All offers to include a Buyer paid fee of 3%. Asking price to be determined.

  1. APARTMENT BUILDING DEVELOPMENT ADJACENT TO NORTH HOLLYWOOD ART DISTRICT: Apartment building development site inNOHO; ready to start ASAP with all entitlements in place for a 5 story building with 90 units containing 2 level subterranean parking with 129 stalls. Pool, spa, rental office, computer room, and bicycle racks will be part of the overall amenities. Type Ill construction contemplated. The unit breakdown is as follows:36 singles, 44 one bedroom, 10 two bedrooms.Most units will have balconies. There is an attractive courtyard, recreation and gym, pool, spa and computer rooms. Building costs are in the processof being formulated. Proposed and projected revenue is being determined. Financing on this project may be available to a qualified developer/investor. Asking price: to be determined. Buyer paid fee: 3%.

  1. APARTMENT BUILDING DEVELOPMENT IN NOHO DISTRICT: Apartments to be built, developed, and managed in North Hollywood, CA nearby to Universal Studios. Type III Construction will consist of 46 units in one 4 story building each of which will include balconies of 750 square feet. The unit breakdown is 20 single units and 26 one bedroom units. Two levels of street parking; one street-level and one subterranean level with 47 stalls are included. A 2,900 square foot roof-sun deck with amenities will also be included. Asking price and building costs to be determined Buyer paid fee: 3%.

  1. NOHO DISTRICT APARTMENT BUILDING DEVELOPMENT: Proposed apartment building on two lots in the heart of NOHO, nearby to Universal Studios. The four story building will include 36 units, 28 one-bedroom and 8 two-bedroom units with one street level garage and one subterranean level parking garage. Amenities to include: 950 square foot gym, 1500 square foot balconies, 985 square feet of courtyard/sundeck and a 940 square foot lobby. Entitlements are fully completed and ready to start construction. Asking price and building costs to be determined, Buyer paid fee: 3%.

  1. GLENDALE CALIFORNIA RESIDENTIAL: Premier Glendale location!Walking distance to the Glendale Galleria and the Americana at Brand iconic mall/entertainment centers. Proposed development is a 71 unit residential multi-family with 5 stories and mezzanine. Two levels of subterranean parking with 162 spaces are included. Amenities to include: pool, recreational room, washer and dryer hookups in all units. Class A project-Rare first time on the Market Opportunity! Asking price and building costs to be determined Buyer paid fee: 3%.

  1. KOREATOWN-APARTMENT BUILDING DEVELOPMENT: Site available in Koreatown for the apartment building development containing 166 units ($3.05 average per square foot); 159 units at market rate (7 units reserved for low income renters). Building will contain a total of 55,800 square feet, 5,000 square feet is designated as retail space. This dwelling is 1,500 feet from a metro station. Commute to downtown and USC within minutes. Building costs to be determined. Projected revenue and earnings are being formulated. Asking price:$17M. Buyer paid fee: 3%.

  1. DOWNTOWN LOS ANGELES-HIGH RISE MULTI-USE DEVELOPMENT: Prime downtown, unique development location for high rise development including hotel, condos, apartments and mixed use. Development will include two towers consisting of 44 and 76 stories-utilizing a total of six separate parcels all of which have been fully entitled. The first 15 floors will be the upscale five star hotel; floors 16 to 44 will be high end condominiums. The second tower will have 772 living units ranging from $400,000 to multi-million dollar penthouses. The complex wil1 be served by 18,000 square feet of retail space, two rooftop pools, and a 50 seat theatre for condo owners. Building costs:to be determined; projected revenue and earnings to be provided upon receipt of anNCND. Asking price: $89M. Buyer paid fee: 3%.

  1. CITY OF LAKE ELSINORE-APARTMENTS AND TOWN HOUSE

DEVELOPMENT: Located in Lake Elsinore, California -Temecula Valley. This 13.62 acre site consisting of two parcels will be able to contain 161 apartments/town houses. Building costs to be determined. Asking price to be determined:

  1. SANTA ANA PARCEL FOR MIXED USE DEVELOPMENT: Build whatever your heart desires! Empty parcel consists of approximately 3.2 acres in Santa Ana/bordering Tustin for mixed use or new owner’s design and development to include 200 units. Parcel is conveniently located between the 5 and 55 Freeways. Asking price: $13M. Buyer paid fee: 4% Building costs to be determined.

  1. LOS ANGELES APARTMENT BUILDING DEVELOPMENT: Proposed development is a five story multi-family apartment building with two levels of subterranean parking; 64 single units, 38 one-bedroom units, and 6 two-bedroom units. This is Type III Construction. A multitude of amenities include: balconies, a courtyard, a rear yard, gym, recreation room, other openspaces, concierge, rental office with private bathroom, a high ceiling lobby, and bicycle racks. Asking price and building costs to be determined;Buyer paid fee: 3%.

SECTION6: INDUSTRIAL

  1. 223 ACRES, SHOVEL READY INLAND EMPIRE, BEAUMONT,CA: Approximately

2.8M s/f available in prime location with room for two large distribution centers. The site

is totally entitled, permitted and shovel ready. Plans available for a Building A consisting of

1,867,040 s/f and a Building B consisting of 1,000,170 s/f Financial projections include total revenues of approximately $114MM and $62MM, respectively for a total of $176MM. Operating costs are estimated at $129MM resulting in a net projected estimated profit of

$47MM, a profit margin of 26.59% with an attractive rate of return of 31.23% and an

Expected cap rate of 6.21%. Offers to include a Buyer paid fee of 3% Asking Price $33 million

SECTION 7: LAND DEVELOPMENT OPPORTUNITIES

  1. PRIME BEVERLY HILLS “GOLDEN TRIANGLE” DEVELOPMENT SITE: This much sought after; uniquely situated, prime development site in Beverly Hills has recently become available as an off-market opportunity. This is one of the few remaining large development parcels available in Beverly Hills that is fully entitled. This high profile site is about 22,500s/f (150′ x 150′) and has a 2:1 FAR buildable area. This property is a rare and highly prized development opportunity that is currently an underutilized parking lot. The property is presently entitled for a mixed-use 3-story retail/office building or corporate headquarters with subterranean parking. All offers will include a Buyer paid Fee of 3%. Asking Price: $41MM.

  1. FOURTEEN HOME ESTATE DEVELOPMENT PROJECT: This entitled 37.8 acres property is located in the city of San Marcos in northern San Diego. The project is fully entitled; Final Map has been recorded, Land Development and Improvement Plans have been prepared and the majority of fees paid. This proposed sub-division is considered “in-fill”as it is surrounded by existing development and fully served by existing roads and utilities. Grading Permit has been issued and the property was cleared and scrubbed of vegetation. A majority of the home sites will have views of the major golf course and the backcountry of San Diego County. All offers will include a Buyer paid Fee of 4%. Asking Price: $3,300,000.

  1. BEACH ADJACENT RESIDENTIAL DEVELOPMENT PROPERTIES: Seal Beach, CA approximately 10 acres of beach adjacent property with city approval for 32 single family homes located a few hundred yards from the beach currently unentitled. All offers will include a Buyer paid Fee of2%. Asking Price $35M: (B) Also available is an adjoining parcel with room for 5 single family residence lots, each with 45 foot frontages. All offers will include a Buyer paid Fee of 4%. Asking Price is $10.5M.

  1. HUDSON YARD DEVELOPMENT NYC: Hudson Yards NY Situated in the heart of the dynamic new Hudson Yards District. This site will be a gateway for Manhattan’s new West Side slated to be an icon of green architecture. The Site is approximately 300,000 square feet, with panoramic views, delivered core to shell. The buildout is ideal for 5 star plus hotel and/or luxury condos. The top 26 floors of the 66-floor building will be topped out in 2018. Floor to ceiling glass with finished ceiling heights at 10′ minimum. All offers will include a Buyer fee of 1%. Asking price is $2000 per foot.

  1. SAN DIEGO CONVENTION HOTEL SITE: San Diego CA This project consists of a parcel located near San Diego’s premier open-air sports arenas. The initial concept design has been approved. The Convention Hotel parcel has been designed for 1800 rooms, 17,830 sq. ft. of restaurants and retail, along with 175,896 sq. ft. of Meeting/Event Space. All offers will include a Buyer paid fee of 1%. Asking price is $93MM.

  1. NEWPORT BEACH, CA: BAY FRONT: Multifamily Retail and/or Hotel Site – Situated in famed Mariners Mile in Newport Beach, The site is comprised of 3 parcels; two of which front the Bay and the other fronts on fronting Pacific Coast Hwy. Site is approximate 8.76 Acres. Two independent studies provided schematics of two story bay front with Retail and Residential. Additional parcel could be multifamily or condos with retail. All offers will include a Buyer paid fee of 1 %. Asking price is $91MM.

  1. TAMARACK, IDAHO Development for over 1000 finished lots. -The site is rough graded and all abutting street improvements, utilities and infrastructures are in place. An adjacent lodge and golf course are also available. Four Condo Buildings finished to drywall are also available. All offers will include a Buyer paid fee of 2%. Asking price is $54MM.

  1. 96-ACRE ESTATE HOME DEVELOPMENTSITE: Prime Location in West Hills, (NW San Fernando Valley) Los Angeles County nearby to Bell Canyon. This superior site consists of approximately 96 prime acres with minimum 2- acre lots. Site has in-place water, sewer, electric and flood control adjacent to the property. Sub-division map to be filed as a prospective developer will need to determine for their purposes the lot-density analysis, subject to a slope survey review. Seller financing may be available! Terms negotiable. All offers will include a Buyer paid fee of 6%.Asking price is $2.3MM.

  2. PORTFOLIO OF PROPERTIES-NEWPORT BEACH, CA: Development Opportunity situated in upscale Newport Beach, Orange County; All Sites are made up of multiple parcels. Current Use is Class B Commercial Space. All Parcels fall into zone variance for Residential Multi-Family or Condo Mapped Apartments. First Parcel of 876 units is entitled with map and zoning in place and ready to develop and complete architectural and engineering. Additional parcels could be multifamily or condos with retail with zoning in place. The Estimated Unit Count is approximately 3700+. All offers to include a Buyer paid fee of 2%. Asking price is to be determined.

  1. LUXURY LAND DEVELOPMENT OPPORTUNITY- BEVERLY HILLS, CA. Recorded Tract Map and multi-acre finished residential estate view lots on over 100+ acres, all with hilltop views of the city. All utilities and off-sites are in. This assemblage of premier estate sized lots is now available for purchase and development. All offers to include a Buyer paid fee of3%. Asking price is $148MM.

  1. HOTEL/COMMERCIAL DEVELOPMENT OPPORTUNITY: NEWPORT BEACH, CA. Development site consisting of 3.64 acres facing the Marina with an ocean view can now be developed into a hotel and a separate condominium project with available high-end commercial retail space. All offers to include a Buyer paid fee of 3%. Asking price is to be determined.11

SECTION 8: ENTERTAINMENT

  1. HISTORIC PERFORMING ARTS CENTER: Covina, CA. The historic Covina Center for the Performing Arts (formerly the Covina Valley Playhouse has become available for acquisition by an entertainment oriented purchaser. This theater seats 150 in a State of the Art Facility and serves as a local stage repertory presenting a unique variety of staging. Its current repertoire includes: “In My Life”, a dress rehearsal for the road tour of this Musical Theater Tribute to the Beatles;”Space Oddity,” David Brighton’s’ Tribute to David Bowie and “Murder Mystery Dinner.” It has an integrated sound system and lighting system with a stage having multiple lifts for live plays as well adaptable systems for music and movie presentations utilizing HD Movie projection. The back stage facilities include a Green Room, showers and changing facilities, an expansive wardroom room with ample storage, a handicap lift, 60 drops and a fire wall. An upstairs area includes a Vintage Full Bar, a banquet room with a quality kitchen along with retail and office space for lease. All offers shall include a Buyer’s fee of 3%. Asking price: $10.5MM.

  1. COSTA MESA RESTAURANTS &CINEMAS: Entertainment plaza located in Downtown Costa Mesa. PREMIER Destination in Costa Mesa with a multitude of shops and activities provide patrons with a great, enjoyable evening. This plaza includes restaurants, a movie theatre, salon, fitness center, and nightclub. Asking price: $78M. 5% cap. Buyer paid fee: 3 points.

 

Investment Opportunity

 

Verification