VILLAGE AT DOS VIENTOS - Matthews Real Estate Investment

VILLAGE AT DOS VIENTOS
330 VIA LAS BRISAS , THOUSAND OAKS, CA
OFFERING MEMORANDUM
CO N F ID EN TI AL I TY & D I S C L A I M E R S TATE M E NT
This Of fering Memorandum contains select infor mation per taining to the business and af fairs of Village at Dos Vientos located at 330
Via Las Brisas , Thousand Oaks, CA (“Proper ty”). It has been prepared by Matthews Retail Group . This Of fering Memorandum may
not be all-inclusive or contain all of the infor mation a prospective purchaser may desire. The infor mation contained in this Of fering
Memorandum is confidential and fur nished solely for the purpose of a review by a prospective purchaser of the Proper ty. It is not to
be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Retail Group
. The material is based in par t upon infor mation supplied by the Seller and in par t upon financial infor mation obtained from sources
it deems reliable. Owner, nor their of ficers, employees, or agents makes any representation or warranty, express or implied, as to the
accuracy or completeness of this Of fe ring Memorandum or any of its contents and no legal liability is assumed or shall be implied
with respect thereto. Prospective purchasers should make their own projections and for m their own conclusions without reliance upon
the material contained herein and conduct their own due diligence.
By acknowledging your receipt of this Of fering Memorandum for the Proper ty, you agree:
1. The Of fering Memorandum and its contents are confidential;
2. You will hold it and treat it in the strictest of confidence; and
3. You will not, directly or indirectly, disclose or per mit anyone else to disclose this Of fering Memorandum or its contents in any
fashion or manner detrimental to the interest of the Seller.
Owner and Matthews Retail Group expressly reser ve the right, at their sole discretion, to reject any and all expressions of interest
or of fers to purchase the Proper ty and to ter minate discussions with any person or entity reviewing this Of fering Memorandum or
making an of fer to purchase the Proper ty unless and until a written agreement for the purchase and sale of the Proper ty has been
fully executed and delivered.
If you wish not to pursue negotiations leading to the acquisition of the Proper ty or in the future you discontinue such negotiations,
then you agree to purge all materials relating to this Proper ty including this Of fering Memorandum.
A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Proper ty, or infor mation provided
herein or in connection with the sale of the Proper ty shall be limited to those expressly provided in an executed Purchase Agreement
and shall be subject to the ter ms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews
Retail Group or any of their af filiates or any of their respective of ficers, Directors, shareholders, owners, employees, or agents for
any damages, liability, or causes of a ction relating to this solicitation process or the marketing or sale of the Proper ty.
This Of fering Memorandum shall not be deemed to represent the state of af fairs of the Proper ty or constitute an indication that there
has been no change in the state of af fairs of the Proper ty since the date this Of fering Memorandum.
Matthews Retail Group
Table of Contents
PRICING & FINANCIAL ANALYSIS
Investment Overview..................................................... 2
Investments Highlights................................................... 2
Executive Summary...................................................... 3
PROPERTY DESCRIPTION
Physical Description...................................................... 6
Tenant Map................................................................. 8
Regional Map.............................................................. 9
Birds Eye................................................................... 10
Site Plan.................................................................... 11
DEMOGRAPHICS
City Overview | Thousand Oaks, CA........................... 14
Demographics Report................................................. 15
E XC LU SI VE LY L I ST E D B Y:
Patrick Toomey
Managing Partner
DIRECT +1.310.919.5765
MOBILE +1.310.403.4984
[email protected]
License No. 00881133
Kyle B. Matthews, CCIM
Chairman & CEO
DIRECT +1.310.919.5757
MOBILE +1.310.622.3161
[email protected]
License No. 01469842
PRICING AND FINANCIAL ANALYSIS
Matthews Retail Group
PROPERTY DESCRIPTION
DEMOGRAPHICS
OFFERING MEMORANDUM | Village at Dos Vientos
Pricing & Financial Analysis
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Investment Overview
High Quality Southern California Trophy Retail Asset
Exceptionally Affluent Southern California Demographics
• The Village At Dos Vientos is a 56,707 SF high-quality construction multi-tenant
retail center situated in the aflluent Newbury Park area of Thousand Oaks, CA and
is leased to a synergistic mix of restaurant, retail and service retail tenants
• More than 8,200 people in a 1-mile radius with Average Household Incomes
exceeding $176,575
• Nearly 40% of the GLA of The Village At Dos Vientos is on leases 5 years or longer;
23% of the GLA is on leases over 9 years
• Tenants representing 19% of the GLA of The Village At Dos Vientos have been at
this location over 5 years
Established Cash Flow With Strong Income Growth
• The Village At Dos Vientos is 88% leased, with several tenants on gross leases,
affording the new owner to greatly improve Net Operating Income through leaseup and converting leases to NNN on renewal
• The 88% occupancy factor combined with the gross leases will cause this asset to
trade significantly below its land-inclusive replacement cost
• Competing properties in this market are trading nearly twice as much on a price
PSF basis
Excellent Suburban Retail Location
• More than 30,500 people in a 3-mile radius with an Average Household
Incomes exceeding $136,900
• More than 88,900 people in a 5-mile radius with an Average Household
Income of $120,200
• Average household income in the city of Newbury Park is nearly $130,000
in a city of nearly 49,000
Pride of Ownership & Ideal 1031 Exchange Replacement Property
• Delivered free and clear of debt permitting an investor to purchase for cash
or with new financing at desired LTV and terms
• Synergistic tenant mix with national brands and local favorites catering to
the specific demands of the local customer
• High-quality retail center with timeless Mission-style architecture built in 2007
• Will trade at a significant discount to original construction cost, and to a
land-inclusive replacement cost
• The Village At Dos Vientos enjoys excellent visibility and more than 500 linear feet
of frontage along Via Las Brisas
• Strong co-tenancy with the adjacent Miller Family YMCA and adjacent Sycamore
Canyon School, providing additional draw to the property during all day parts
• Desirable location in an affluent Ventura County enclave limits future competition
from new construction or redevelopment; developable commercial land is scarce
due to the topography of the trade area
• Located adjacent to Sycamore Canyon School with 1,460 students, and designated
as a California Distinguished School
P. 2
Matthews Retail Group
OFFERING MEMORANDUM | Village at Dos Vientos
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Executive Summary
VILLAGE AT DOS VIENTOS
330 VIA LAS BRISAS
THOUSAND OAKS, CA
List Price........................................................................ $12,500,000
Gross Leasable Area��������������������������������������������������������� 56,707 SF
Price/SF.................................................................................... $220
CAP Rate - Current����������������������������������������������������������������� 5.80 %
CAP Rate - Stabilized������������������������������������������������������������ 7.10 %
Occupancy�������������������������������������������������������������������������������� 88%
Year Built................................................................................... 2007
Lot Size �������������������������������������������������������������������������� 6.33 Acres
Annualized Operating Data
Income
Current
Pro Forma*
Base Rental Revenue
$976,268
$961,794
Absorption & Turnover Vacancy
(134,343)
(32,768)
Scheduled Base Rental Revenue
841,925
929,026
CPI & Other Adjustment Revenue
11,908
40,865
253,220
358,079
10,000
10,609
1,117,053
1,338,579
0
(35,269)
1,117,053
1,303,310
218,000
231,276
8,506
9,024
Management Fee
33,512
39,099
Real Estate Taxes
132,105
137,442
Total Operating Expenses
392,123
416,841
$724,930
$886,469
Expense Reimbursements
Other Income
Total Potential Gross Revenue
General Vacancy (5%)
Total Effective Gross Revenue
Operating Expenses
Common Area Maintenance
Property Insurance
Net Operating Income
*Pro Forma is based on year 3 of the 10 year financial analysis.
Village at Dos Vientos |
OFFERING MEMORANDUM
Matthews Retail Group
P. 3
PROPERTY DESCRIPTION
PRICING AND FINANCIAL ANALYSIS
DEMOGRAPHICS
Assumptions
Property Timing
Property Operating Parameters
Growth Rates:
Start of Analysis
January 2016
End of Analysis
December 2026
Analysis Period
10 Years
General Vacancy:
Market Rents
3%
Year 1
5%
Operating Expenses
3%
Thereafter
5%
Real Estate Taxes
2%
Capital Reserves
3%
CPI
3%
MARKET LEASING
ASSUMPTIONS
Shop Spaces
Renewal Probability
75%
LTV
Market Rent (SF/YR)
$15
Interest Rate
4.00%
3 Months
Amortization
360 Months
Downtime
Tenant Improvements
$10/SF new
$2/SF renew
Leasing Commissions
6% new
3% renew
Rent Escalation
3% Annual
Lease Term
5 Years
Lease Type
NNN
P. 4
Matthews Retail Group
MARKET DEBT
ASSUMPTION
Term
Loan Fee
70%
5 Years
1%
Market debt assumption based on recent debt quote obtained by ownership and is subject to change with market conditions and sponsor
creditworthiness and experience, among other things.
For a current debt quote and market discussion, please contact Brian Krebs of Barrington Capital at (818)
OFFERING MEMORANDUM | Village at Dos Vientos
PROPERTY DESCRIPTION
PRICING AND FINANCIAL ANALYSIS
DEMOGRAPHICS
Schedule of Prospective Cash Flow
Year 1
$ / SF
Year 1
Dec-2016
Year 2
Dec-2017
Year 3
Dec-2018
Year 4
Dec-2019
Year 5
Dec-2020
Year 6
Dec-2021
Year 7
Dec-2022
Year 8
Dec-2023
Year 9
Dec-2024
Year 10
Dec-2025
Year 11
Dec-2026
EFFECTIVE GROSS REVENUE
Base Rental Revenue
$17.22
$976,268
$963,543
$961,794
$1,002,351
$1,034,051
$1,056,801
$1,118,181
$1,213,503
$1,247,055
$1,305,122
Absorption & Turnover Vacancy
($2.37)
(134,343)
(73,491)
(32,768)
(19,117)
(6,472)
(10,560)
(68,518)
(48,541)
(59,838)
(20,200)
(6,984)
$14.85
841,925
890,052
929,026
983,234
1,027,579
1,046,241
1,049,663
1,164,962
1,187,217
1,284,922
1,337,302
Scheduled Base Rental Revenue
$1,344,286
CPI & Other Adjusted Revenue
$0.21
11,908
32,437
40,865
46,594
56,735
67,097
69,489
59,330
45,782
3,713
0
Expense Reimbursement Revenue
$4.47
253,220
288,145
358,079
394,628
418,051
428,205
426,838
463,173
469,496
496,432
516,226
Other Income
Total Potential Gross Revenue
General Vacancy
$0.18
10,000
10,300
10,609
10,927
11,255
11,593
11,941
12,299
12,668
13,048
13,439
$19.70
1,117,053
1,220,934
1,338,579
1,435,383
1,513,620
1,553,136
1,557,931
1,699,764
1,715,163
1,798,115
1,866,967
$0.00
0
0
(35,269)
(53,062)
(68,970)
(67,045)
(12,207)
(38,259)
(28,279)
(70,063)
(86,042)
$19.70
1,117,053
1,220,934
1,303,310
1,382,321
1,444,650
1,486,091
1,545,724
1,661,505
1,686,884
1,728,052
1,780,925
Common Area Maintenance
$3.84
218,000
224,540
231,276
238,214
245,361
252,722
260,303
268,113
276,156
284,441
292,974
Property Insurance
$0.15
8,506
8,761
9,024
9,295
9,574
9,861
10,157
10,461
10,775
11,098
11,431
TOTAL EFFECTIVE GROSS REVENUE
OPERATING EXPENSES
Management Fee
$0.59
33,512
36,628
39,099
41,470
43,339
44,583
46,372
49,845
50,607
51,842
53,428
Real Estate Taxes
$2.33
132,105
134,747
137,442
140,191
142,995
145,855
148,772
151,747
154,782
157,878
161,035
TOTAL OPERATING EXPENSES
$6.91
392,123
404,676
416,841
429,170
441,269
453,021
465,604
480,166
492,320
505,259
518,868
$12.78
724,930
816,258
886,469
953,151
1,003,381
1,033,070
1,080,120
1,181,339
1,194,564
1,222,793
1,262,057
Tenant Improvements
$0.53
30,338
85,473
187,326
72,475
37,963
29,446
201,597
320,013
200,657
159,711
24,056
Leasing Commissions
$0.15
8,698
24,511
50,142
17,961
12,753
8,442
57,359
80,879
54,262
49,034
6,896
$0.69
39,036
109,984
237,468
90,436
50,716
37,888
258,956
400,892
254,919
208,745
30,952
$12.10
$685,894
$706,274
$649,001
$862,715
$952,665
$995,182
$821,164
$780,447
$939,645
$1,014,048
$1,231,105
NET OPERATING INCOME
LEASING & CAPITAL COSTS
TOTAL LEASING & CAPITAL COSTS
CASH FLOW
Village at Dos Vientos |
OFFERING MEMORANDUM
Matthews Retail Group
P. 5
PROPERTY DESCRIPTION
PRICING AND FINANCIAL ANALYSIS
DEMOGRAPHICS
Schedule of Leveraged Prospective Cash Flow
Initial
1/1/2016
Year 1
Dec-2016
Year 2
Dec-2017
Year 3
Dec-2018
Year 4
Dec-2019
Year 5
Dec-2020
Year 6
Dec-2021
Year 7
Dec-2022
Year 8
Dec-2023
Year 9
Dec-2024
Year 10
Dec-2025
PROPERTY CASH FLOW
Revenue
$1,117,053
$1,220,934
$1,303,310
$1,382,321
$1,444,650
$1,486,091
$1,545,724
$1,661,505
$1,686,884
(392,123)
(404,676)
(416,841)
(429,170)
(441,269)
(453,021)
(465,604)
(480,166)
(492,320)
(505,259)
724,930
816,258
886,469
953,151
1,003,381
1,033,070
1,080,120
1,181,339
1,194,564
1,222,793
Capital Expense
(39,036)
(109,984)
(237,468)
(90,436)
(50,716)
(37,888)
(258,956)
(400,892)
(254,919)
(208,745)
Property Cash Flow
685,894
706,274
649,001
862,715
952,665
995,182
821,164
780,447
939,645
1,014,048
Operating Expense
NET OPERATING INCOME
Funded Capital Expense
$1,728,052
0
0
0
0
0
0
0
0
0
0
685,894
706,274
649,001
862,715
952,665
995,182
821,164
780,447
939,645
1,014,048
Senior Interest
(347,195)
(340,917)
(334,384)
(327,584)
(320,507)
(313,142)
(305,477)
(297,499)
(289,196)
(280,556)
Senior Principal
(154,091)
(160,369)
(166,902)
(173,702)
(180,779)
(188,144)
(195,809)
(203,787)
(212,090)
(220,731)
184,608
204,988
147,715
361,429
451,379
493,896
319,878
279,161
438,359
512,762
0
0
0
0
0
0
0
0
0
12,368,159
FUNDED PROPERTY CASH FLOW
DEBT SERVICE
CASH FLOW AFTER DEBT SERVICE
NET FINANCING
Acquisition/Disposition
Assumption of Existing Debt
(12,500,000)
0
Loan Maturity
0
0
0
0
0
0
0
0
0
0
0
Loan Prepayment
0
0
0
0
0
0
0
0
0
0
(6,893,596)
New Loan Funding
Loan Fees
CASH FLOW AFTER FINANCING
8,750,000
0
0
0
0
0
0
0
0
0
0
(87,500)
0
0
0
0
0
0
0
0
0
0
(3,837,500)
$184,608
$204,988
$147,715
$361,429
$451,379
$493,896
$319,878
$279,161
$438,359
$5,987,324
12,587,500
12,626,536
12,736,520
12,973,988
13,064,424
13,115,140
13,153,028
13,411,984
13,812,876
14,067,795
14,276,540
3,837,500
4,030,627
4,300,979
4,705,350
4,969,488
5,200,983
5,427,015
5,881,780
6,486,459
6,953,468
7,382,944
8.84% (Avg)
4.81%
5.34%
3.85%
9.42%
11.76%
12.87%
8.34%
7.27%
11.42%
13.36%
LEVERAGED YIELD
Leveraged Cost Basis
Cumulative Equity
LEVERAGED YIELD (On Initial Equity)
P. 6
Matthews Retail Group
OFFERING MEMORANDUM | Village at Dos Vientos
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
IRR Tracking
Unleveraged IRR
Year 1
Dec-2015
Year 2
Dec-2016
Year 3
Dec-2017
Year 4
Dec-2018
Year 5
Dec-2019
Year 6
Dec-2020
Year 7
Dec-2021
Year 8
Dec-2022
Year 9
Dec-2023
Year 10
Dec-2024
Resale Amount
Gross Proceeds from Sale
Net Proceeds From Sale
$12,500,000
$12,875,000
$13,261,250
$13,659,088
$14,068,860
$14,490,926
$14,925,654
$15,373,423
$15,834,626
$16,309,665
$12,125,000
$12,488,750
$12,863,413
$13,249,315
$13,646,794
$14,056,198
$14,477,884
$14,912,220
$15,359,587
$15,820,375
6.58%
7.81%
8.22%
8.70%
9.24%
8.94%
8.87%
8.91%
Unleveraged Annual IRR
Village at Dos Vientos |
OFFERING MEMORANDUM
Matthews Retail Group
P. 7
PROPERTY DESCRIPTION
PRICING AND FINANCIAL ANALYSIS
DEMOGRAPHICS
Rent Roll
Tenant
Suite
Lease Start
Lease End
SF
PSF
Rent
Recovery Method
Village Trader
330-11020
2/1/12
10/31/22
6,374
$11.40
$72,660
Net
Fitness Together
330-130A
3/1/08
9/30/17
1,866
$15.27
$28,500
Net
Village Trader
330-130B
2/1/12
10/31/22
766
$0.00
$0.00
Oaks Optometric
330-140
1/1/15
3/31/25
2,399
$18.00
$43,188
Net
Tae Kwon Do
330-150A
8/1/15
7/31/20
2,300
$12.00
$27,600
Net
Vacant
330-150B
6/1/17
5/31/22
722
$9.01
Dye Bar
330-160
2/1/13
1/31/18
1,537
$15.60
$23,976
Net
Cleaners
330-170
4/1/08
4/30/18
1,740
$27.81
$48,384
Net
Exceptional Preschool (exp)
330-180
10/1/14
10/31/24
2,151
$15.00
$32,268
Net
Exceptional Preschool
340-110
10/1/15
10/31/24
4,240
$15.00
$63,600
Net
Chabad Newbury Park
350-110
12/1/11
5/31/18
1,699
$15.00
$25,488
None
New Beginnings
350-120
1/1/14
5/31/19
2,336
$12.00
$28,032
Net
None
None
Conejo Valley Practice
350-130
1/1/12
3/31/18
811
$16.79
$13,620
None
Winston Dos Vientos
350-130B
1/1/12
2/28/17
811
$18.01
$14,604
Net
Vacant
350-140
6/1/17
5/31/22
1,558
$18.00
Krave Frozen Yogurt
350-150
2/1/13
2/28/17
1,056
$12.00
$12,672
Net
Dr Chaffee
350-210
11/1/07
4/30/18
1,470
$35.57
$52,284
None
Worldwide Supply
350-220
1/1/16
12/31/20
489
$24.00
$11,736
Net
HM Medical Billing
350-240
7/1/15
9/30/18
1,533
$13.20
$20,232
None
$4,632
None
Net
Tomasi
350-245
5/1/15
5/31/16
351
$13.20
Vacant
350-250
6/1/17
5/31/22
1,112
$18.00
Consolidated Electric Dist
350-250C
10/1/11
9/30/16
600
$23.60
$14,160
None
JT Engineering
350-270
6/1/15
5/31/17
608
$15.79
$9,600
None
Cross Creek
350-280
5/1/12
4/30/16
592
$22.00
$13,020
P. 8
Matthews Retail Group
Net
Net
OFFERING MEMORANDUM | Village at Dos Vientos
PROPERTY DESCRIPTION
PRICING AND FINANCIAL ANALYSIS
Tenant
Suite
Lease Start
Lease End
SF
DEMOGRAPHICS
PSF
Rent
Recovery Method
Giogio Perangeli The Villa
360-110
6/1/14
5/31/24
4,300
$23.02
$99,000
Net
happy Mothers
360-140
8/1/14
8/31/16
1,004
$18.54
$18,612
Net
Vacant
360-150
6/1/17
5/31/22
2,826
$12.00
Coffee Shop
360-160
9/1/10
6/30/17
1,414
$20.06
$28,368
Net
Cadence Research
360-200
11/1/12
6/30/17
1,212
$17.82
$21,600
None
Possibilideas
360-200B
10/1/14
10/31/19
1,245
$13.20
$16,440
None
Net
Insurance Tech
370-003
9/1/12
12/31/17
3,083
$17.25
$53,184
None
Red Coral Sushi
370-120
12/1/08
12/31/18
1,980
$26.22
$51,924
Net
Vac-BOMA pick up*
Var
6/1/17
5/31/22
522
$18.00
TOTAL
56,707
Vacant
6,986
Net
$856,248
12.3%
* Seller estimates that approximately 522 SF can be picked up on new leases as they roll based on BOMA measurements of the building. Buyer to verify.
Village at Dos Vientos |
OFFERING MEMORANDUM
Matthews Retail Group
P. 9
Property Description
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Physical Description
THE OFFERING
Property Name...................................................... Village at Dos Vientos
Property Address........................................................ 330 Via Las Brisas
Thousand Oaks, CA
Assessor’s Parcel Number................................................237-0-060-075
SITE DESCRIPTION
Number of Stories��������������������������������������������������������������������������� Two
Year Built....................................................................................... 2007
Gross Leasable Area (GLA)���������������������������������������������������� 56,707 SF
Lot Size.................................................................................6.33 Acres
Type of Ownership................................................................. Fee Simple
Parking................................................................... Approx. 300 spaces
Parking Ratio............................................................Approx. 5:1,000 SF
Landscaping.........................................................................Professional
Topography.................................................................................... Level
CONSTRUCTION
Foundation........................................................................Concrete Slab
Framing....................................................................................... Wood
Exterior............................................................................ Painted Stucco
Parking Surface.......................................................................... Asphalt
Roof.....................................................................................Peaked, Tile
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OFFERING MEMORANDUM | Village at Dos Vientos
PRICING AND FINANCIAL ANALYSIS
Village at Dos Vientos |
OFFERING MEMORANDUM
PROPERTY DESCRIPTION
DEMOGRAPHICS
Matthews Retail Group
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PROPERTY DESCRIPTION
DEMOGRAPHICS
Tenant Map
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OFFERING MEMORANDUM | Village at Dos Vientos
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Regional Map
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OFFERING MEMORANDUM
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PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Birds Eye
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OFFERING MEMORANDUM | Village at Dos Vientos
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Site Plan
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OFFERING MEMORANDUM
Matthews Retail Group
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OFFERING MEMORANDUM | Village at Dos Vientos
Demographics
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
City Overview | Thousand Oaks, CA
The City of Thousand Oaks is a premiere community recognized for being one of the most desirable places in all of California to live,
work, recreate, and raise a family. Located in between Los Angeles and Santa Barbara in Ventura County, Thousand Oaks is nestled
against the Santa Monica Mountains and with over 15,000 acres of natural publicly owned open space located within the City’s
boundaries. The City is 56 sq miles with a population of 129,349.
The City prides itself on its open space with 75 miles of trails for hiking, biking, or just leisurely walking. While this natural acreage
gives our community the best of nature, another source of pride is the Civic Arts Plaza. Opened in 1994, this jewel of cultural arts has
become a beacon for our region featuring world-class entertainment, musicals, concerts, children’s shows, ballets, and much more.
Another world class event that City is proud to be a part of is the Amgen Tour of California.
Thousand Oaks has served as host to the final stages of this international cycling race on several occasions. The Amgen Tour of California is the nation’s largest and most
recognized cycling event. Thousand Oaks values collaboration with residents and businesses. This commitment to public-private partnerships is most evident in the adoption of
the City’s blueprint for a revitalized downtown, the Thousand Oaks Boulevard Specific Plan. Some of the City’s most impressive accomplishments have come in the realm of
infrastructure improvements. Public infrastructure enhances quality of life, and ensures the mobility of residents and businesses, now and in the future.
Thousand Oaks also strives to be a steward of the environment. Their efforts at local electricity generation have also been very successful, especially at our wastewater
treatment plant. Thousand Oaks is a family-oriented community of 128,000, and the base of several thousand companies who provide over 70,000 jobs.
It is also home to excellent schools, outstanding parks, and a myriad of shopping opportunities, including the largest auto mall in the nation.
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OFFERING MEMORANDUM | Village at Dos Vientos
PRICING AND FINANCIAL ANALYSIS
PROPERTY DESCRIPTION
DEMOGRAPHICS
Demographics Report
Population
Estimated Population (2015)
Projected Population (2020)
Census Population (2010)
Census Population (2000)
Projected Annual Growth (2015-2020)
Historical Annual Growth (2010-2015)
Historical Annual Growth (2000-2010)
1-Mile
8,011
8,298
7,925
3,129
287
86
4,796
3-Mile
29,536
30,552
29,316
23,287
1,015
220
6,029
5-Mile
86,004
88,915
84,695
68,188
2,910
1,310
16,506
2,521
2,602
2,494
1,080
82
1,440
10,027
10,348
9,954
8,041
322
1,985
30,651
31,635
30,183
24,728
984
5,923
30.6%
23.0%
9.8%
12.3%
8.3%
6.0%
3.5%
4.0%
0.8%
0.4%
$176,575
$157,563
18.6%
16.0%
9.5%
12.7%
12.8%
9.1%
8.9%
5.1%
3.5%
1.8%
$136,957
$118,023
14.3%
12.5%
8.5%
13.0%
13.6%
11.9%
10.3%
5.8%
5.1%
2.8%
$120,253
$100,178
Households
Estimated Households (2015)
Projected Households (2020)
Census Households (2010)
Census Households (2000)
Projected Annual Growth (2015-2020)
Historical Annual Change (2000-2015)
Income
HH Income $200,000 or More
HH Income $150,000 to $199,999
HH Income $125,000 to $149,999
HH Income $100,000 to $124,999
HH Income $75,000 to $99,999
HH Income $50,000 to $74,999
HH Income $35,000 to $49,999
HH Income $25,000 to $34,999
HH Income $15,000 to $24,999
HH Income $10,000 to $14,999
Average Household Income (2015)
Median Household Income (2015)
Village at Dos Vientos |
OFFERING MEMORANDUM
Matthews Retail Group
P. 20
VILLAGE AT DOS VIENTOS
330 Via Las Brisas
Thousand Oaks, CA
OFFERING MEMORANDUM
Patrick Toomey
Managing Partner
DIRECT +1.310.919.5765
MOBILE +1.310.403.4984
[email protected]
License No. 00881133
Kyle B. Matthews, CCIM
Chairman & CEO
DIRECT +1.310.919.5757
MOBILE +1.310.622.3161
[email protected]
License No. 01469842
Matthews Retail Group | 841 Apollo Street, Suite 150 | El Segundo, CA 90245 | www.MatthewsRetailGroup.com