Alexan Pacific Grove Summary

Offered Exclusively By
Moran & Company
SUMMARY
Moran & Company is pleased to announce that it has been retained as the exclusive
3091 W. Chapman Avenue
Orange, CA 92868
with 4,416 sq. ft. of retail space. Alexan Pacific Grove is under construction in Orange,
listing agent for the sale of Alexan Pacific Grove, a 278-unit multifamily community
LOCATION
California. Alexan Pacific Grove has an approved tentative condo map, and the
developer expects to complete construction in June of 2006.This offering is unpriced.
TIMING
Currently under construction
Completion expected in June of 2006
PROPERTY SUMMARY
NUMBER OF UNITS
Alexan Pacific Grove is being developed by Trammell Crow Residential. It will consist of a single
278
four-story residential building with a five story parking structure in the center and 4,416 sq. ft. of
ACRES
ground floor retail space that fronts Chapman Avenue. Alexan Pacific Grove was designed to appeal
4.71
to an upscale resident profile. It will offer high end interior finishes, a beautifully landscaped courtyard,
DENSITY
an executive business center, a conference center, and a clubhouse. It will also feature an athletic center,
59 d.u./acre
a swimming pool and spa, and a sales center that can be converted to an alternative use after the units
RETAIL SPACE
are sold to individual homebuyers. All of the top floor units will be 2-story lofts with 18’ ceilings and
4,416 sq. ft. fronting Chapman Avenue
extra windows.
OUTSTANDING LOCATION
PARKING
Residents of Alexan Pacific Grove will enjoy outstanding access to all of the following within two
510 residential spaces in an above-grade
structure
1.8 spaces/unit
22 retail spaces
miles of their homes:
• Anaheim Stadium and Arrowhead Pond.
• The Grove, a 3,000 seat concert venue next to Anaheim Stadium.
UNIT MIX
• Disneyland, Disney’s California Adventure, and Downtown Disney.The Disney resorts are tourist
Unit Type
Avg.
Sq. Ft.
Units
1 Bd/1 Ba
1 Bd/1 Ba + Loft
1 Bd/1 Ba
1 Bd/1 Ba + Loft
1 Bd/1 Ba
1 Bd/1 Ba + Loft
2 Bd/2 Ba
2 Bd/2 Ba + Loft
2 Bd/2 Ba
2 Bd/2 Ba
2 Bd/2 Ba + Loft
2 Bd/2 Ba + Loft
604
723
825
962
751
881
1,120
1,265
1,453
1,525
1,634
1,707
51
18
15
5
48
16
86
32
2
3
1
1
931
258,769
278
Total/Average
Total
attractions and major employers.
• The Block at Orange, a 642,000 sq. ft. regional shopping center.
• UCI Medical Center, St. Joseph Hospital, and Children’s Hospital of Orange County (CHOC),
which employ over 7,800 people locally.
• Main Place Mall, a 1.1 million sq. ft. shopping center.
• The Anaheim Metrolink station, which provides light rail access to 400,000 jobs in downtown L.A.
• The 5, 57, and 22 freeways.
Residents will also be within 20 minutes of:
•The sand at Newport Beach & Huntington Beach
• Four major employment centers:The Irvine Business Complex,The Irvine Spectrum, Newport
Center, and South Coast Metro, which comprise over 42 million sq. ft. of office space.
• John Wayne Airport
• South Coast Plaza, a prestigious 2.7 million sq. ft. retail center in Costa Mesa, CA.
• The 700,000 sq. ft. Irvine Spectrum Entertainment Center
• Chapman University,The University of California at Irvine, and Cal State Fullerton
Anaheim
Convention
Center
of Retail and 3 Hotels.
Set to break ground in Feb.2006)
rd
ge Bouleva
State Colle
Disneyland
Downtown Disney
Anaheim Gardenwalk
Disney’s California Advenure
(400,000 Sq. Ft.
Katella Avenue
5
NAHEIM
A NAHE
San
ta
Platinum Triangle
The
Grove
Ana
Anaheim
Pond
Ora
nge
Anaheim
Stadium
Fre
ew
ay
Fre
ew
ay
57
Chapman Avenue
BRE Site
Crystal
Cathedral
ORANGE
(338 Apartments,
122 Condos)
UCI
Medical Center
(3,300 Employees)
r
ive
aR
An
ta
San
The Block
at Orange
(642,000 Sq. Ft.
of Retail)
STRONG DEMAND FOR
METROPOLITAN LIVING
IN ORANGE COUNTY
TIMING/STRUCTURE
INVESTMENT HIGHLIGHTS
As of late September 2005, the parking
Alexan Pacific Grove represents a rare
Alexan Pacific Grove will be the first for-sale
structure was complete and the framing
opportunity to acquire a new, for-sale
project to open in the Platinum Triangle, an
of the living areas was nearly complete.
class-A project in one of Southern California’s
urban, mixed use redevelopment area near
Completion of the first units is expected
most prestigious locations. This is a unique
Anaheim Stadium where a number of major
in January 2006. A tentative condo map
opportunity to offer home buyers luxurious
developers plan to build 9,000 residential
was approved by the Orange City Council
homes with outstanding access to jobs, retail
units over the next 10 years. Fortunately,
on September 13, 2005.The seller expects
& entertainment, recreation, and transportation.
none of these other projects are expected to
to deliver the completed property to a buyer
STANDARD UNIT FEATURES
deliver units until 2007, giving the buyer of
in June of 2006.The buyer would be expected
♦
Amber shaker cabinets
Alexan Pacific Grove the opportunity to
to make a substantial commitment to purchase
♦
Granite countertops
market the first for-sale project in Orange
the property well ahead of completion. It is
♦
Washer/dryer in every unit
anticipated that the buyer will have sufficient
♦
County’s most prestigious redevelopment
Refrigerator in every unit
♦
Ceramic tile floors in kitchens & baths
♦
Pull-out faucets in kitchens
♦
Walk-in closets
pre-sell a substantial number of units prior
♦
9’-11’ ceilings
to taking ownership.
♦
Private patios/balconies
♦
Stainless steel appliances
area with virtually no competition.
time to get a final condo map approved, to
obtain a white report from the DRE, and to
The market demand for new homes in metropolitan locations is being proven out by
outstanding sales at similar projects in Orange
County, such as City Place in Santa Ana, which
A ROBUST HOUSING MARKET
PREMIUM FEATURES IN LOFTS
has been preselling an average of 25 units
According to DataQuick, the median home
per month; Avenue One in Irvine, which has
price in Orange County reached $617,000
♦
Granite countertops
in August 2005, a 14% increase from the
♦
presold 59 units in its first month of sales,
Upgraded cognac-colored cabinetry
♦
previous year.The volume of sales also
18’ ceilings
which began August 6; and Watermarke in
♦
Irvine, which has sold 500 of its 535 units
increased from 3,745 in August 2004 to
Gas fireplaces in all but the smallest one
bedroom loft
in the 12 months since it opened in September
4,708 in August 2005.
COMMON AREA AMENITIES
2004. Homebuyers are also paying as much
The continuing strength of the market, and
♦
as $3.6 million for homes in new high rise
the fact that Alexan Pacific Grove would be
projects like Plaza Irvine, which has averaged
among the most affordable new home options
20 sales per month so far in 2005, despite its
in the county, bodes well for the success of
multi-million dollar price tags.
this investment.
Resort-style pool & spa area
♦ Beautifully
landscaped courtyard with fountain
♦
Elegant poolside furnishings and barbeques
♦
Outstanding clubhouse
♦
State-of-the-art fitness center
♦
Business center and conference room
Saugus
126
THE INVITATION
15
Valencia
14
SAN BERNARDINO COUNTY
LOS ANGELES COUNTY
Moran & Company invites you to explore
138
5
2
118
this exciting investment opportunity. All
210
Woodland
Hills
405
170
39
Burbank
Airport
101
Rancho
15
Cucamonga
Pasadena
210
5
Calabasas
101
1
10
Malibu
Downtown
L.A.
605
110
Los Angeles
International
Airport
710
91
261
55
Newport
Beach
215
RIVERSIDE
COUNTY
receipt of the executed agreement. Property
schedule a property tour, please call Heather
Mann at 714.444.3533.We look forward to
74
meeting you at Alexan Pacific Grove.
Temecula
Dana
Point
Scale in Miles
20
79
15
San Juan
Capistrano
10
tours will begin immediately. In order to
74
73
Catalina Island
0
Heather Mann at 714-444-3539. A complete
sales package will be mailed to you upon
John Wayne
Airport
Mission
Viejo
1
www.moranandco.com) and fax it to
Riverside
RANGE
O
ORANGE
COUNTY
COUNTY
Irvine
133
Pacific Ocean
10
60
Corona
Anaheim
Santa
Ana
22
405
agreement (either enclosed or at
38
Ontario
91
1
Long Beach
sales materials should execute a confidentiality
San
Bernardino
Upland
60
Long Beach
Airport
Palos
Verdes
215
57
Pacific
Grove
105
Los Angeles
Claremont
Ontario
International
Airport
10
prospective purchasers desiring complete
138
79
Fallbrook
San
Clemente
30
S
MARY ANN KING
President
55
Newport Center
University of California (4.0 Million Sq. Ft.
of Office)
at Irvine
ACH
B E ACH
E W P O RT BE
N EWPORT
73 Corona
De
405 San Die
go Freeway John Wayne Airport l Mar Freew
ay
Irvine
South Coast
South Coast
Business Complex
y
Metro
Plaza
Freewa (18 Million Sq. Ft.
rt
Newpo
of Office)
BRETT BETZLER
Broker
Pacific Ocean
HUNTINGTON BEACH
(2.7 Million Sq. Ft. (2 Million Sq. Ft.
of Retail)
of Office)
Mile Square Park
714-444-3533
Brist
ol St
reet
S A N TA A N A
Ma
in
St
ree
t
F O U N TA I N VA L L E Y
Moran & Company
600 Anton Blvd
Suite 1250
Costa Mesa, CA 92626
714-444-3539 Fax
www.moranandco.com
City Place
5
River View
Golf Course
ta
San
(185 Condos,
under construction)
Ana
Main Place
Shopping Center
way
Free
nge
An
aR
ive
r
Ora
BRE Site
(338 Apartments,
122 Condos)
(642,000 Sq. Ft.
of Retail)
Chapman Avenue
Crystal
Cathedral
IM
A H E IM
NAHE
AN
Sa
UCI
Medical Center
(3,300 Employees)
et
Lewis Stre
nta
GARDEN GROVE
The Block
at Orange
ORANGE
57
den
Gar
way
Free
lvd
rB
rbo
Ha
St. Joseph Hospital &
Children’s Hospital
of Orange County
(4,500 Employees)
22
way
Free
(1.1 Million Sq. Ft.
of Retail)
ve
Gro
No warranty or representation, expressed or implied, is made as to the accuracy or completeness of the information contained herein.
No legal obligation shall arise by reason of the distribution of this summary statement.