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Diamond Jamboree - 2700 Alton Pky - Irvine - CA-2024!05!03

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0% found this document useful (0 votes)
130 views21 pages

Diamond Jamboree - 2700 Alton Pky - Irvine - CA-2024!05!03

Uploaded by

ychenai100
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 21

Underwriting Report - Retail Property

Diamond Jamboree Shopping Center


Diamond Jamboree
2700 Alton Pky
42,233 SF Retail Storefront
Irvine, California - Irvine/Tustin Legacy Submarket

PREPARED BY

Connor Glasco
Table Of Contents

PEER PROPERTIES

Peer Properties Summary 1

Peer Property Photos 4

Peer Property Details 6

Peer Property Comparison 15

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Peer Properties Summary
2700 Alton Pky - Diamond Jamboree

No. Peers NNN Market Rent/SF Availability Rate Vacancy Rate

17 $43.22 1.6% 0.7%


PEER LOCATIONS

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 2
Peer Properties Summary
2700 Alton Pky - Diamond Jamboree

Availability
Location
Property Name / Address Yr Blt/Renov Distance Bldg SF Anchor Spcs Avail % Vac % NNN Rent Per SF
Score
Diamond Jamboree
2700 Alton Pky 2008/- 0.00 mi 88 42,233 - 0 0% 0% $51 - 62 (Est.)

1 2600 Alton Pky


-/- 0.07 mi 90 25,962 H Mart 0 0% 0% $48 - 58 (Est.)

2 Bldg B
4237-4249 Campus Dr -/- 2.7 mi 50 51,198 Regal 2 2.6% 1.0% $44 - 54 (Est.)

3 210 Newport Center Dr


1975/- 5.7 mi 92 21,435 - 0 0% 0% $43 - 53 (Est.)

4 4730-4746 Barranca Pky


1979/- 2.1 mi 92 31,748 Grocery Outlet 0 0% 0% $43 - 52 (Est.)

5 3800-3850 Barranca Pky


1993/- 1.3 mi 96 56,420 - 2 12.0% 3.5% $42 - 51 (Est.)

6 3960 Barranca Pky


-/2011 1.4 mi 96 50,000 - 0 0% 0% $41 - 51 (Est.)

7 LA Fitness
3021 Michelson Dr 2007/- 1.2 mi 97 45,000 - 0 0% 0% $41 - 50 (Est.)

8 Campus Plaza
4541 Campus Dr 1975/2002 2.7 mi 60 44,510 Albertsons 0 0% 0% $38 - 47 (Est.)

Sprouts Farmers…
9 9791-9931 Adams Ave
1982/- 7.1 mi 94 40,070 JOANN Fabric a… 0 0% 0% $37 - 45 (Est.)

10 Staples
241 E 17th St 1957/2000 6.1 mi 92 25,402 Staples 0 0% 0% $37 - 45 (Est.)

11 Best Buy
16171 Lake Forest Dr 1997/- 7.4 mi 100 41,150 Best Buy 0 0% 0% $36 - 44 (Est.)

12 589 Anton Blvd


2000/- 2.6 mi 87 42,148 - 1 4.4% 4.4% $35 - 42 (Est.)

13 Crevier BMW Mini Co…


1455 S Auto Mall Dr 1998/- 2.8 mi 89 35,000 - 0 0% 0% $30 - 37 (Est.)

14 1425 Auto Mall Dr


1991/2011 2.9 mi 89 31,900 - 0 0% 0% $30 - 37 (Est.)

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 3
Peer Properties Summary
2700 Alton Pky - Diamond Jamboree

Availability
Location
Property Name / Address Yr Blt/Renov Distance Bldg SF Anchor Spcs Avail % Vac % NNN Rent Per SF
Score

15 1450 Auto Mall Dr


1988/2010 2.8 mi 89 29,281 - 0 0% 0% $30 - 37 (Est.)

16 1400 S Dan Gurney Dr


-/- 2.8 mi 89 31,762 - 0 0% 0% $30 - 36 (Est.)

17 Santa Ana Auto Mall


1350 Auto Mall Dr -/- 2.9 mi 90 41,000 - 0 0% 0% $24 - 29 (Est.)

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 4
Peer Property Photos
2700 Alton Pky - Diamond Jamboree

Subject Property

Diamond Jamboree 1 2600 Alton Pky 2 Bldg B

2700 Alton Pky 4237-4249 Campus Dr


42,233 SF / Vacancy Rate 0% 25,962 SF / Vacancy Rate 0% 51,198 SF / Vacancy Rate 1.0%
Rent/SF - $51 - 62 (Est.) Rent/SF - $48 - 58 (Est.) Rent/SF - $44 - 54 (Est.)
Owner: Diamond Development Group Owner: Diamond Development Group Owner: The Irvine Company

3 210 Newport Center Dr 4 4730-4746 Barranca Pky 5 3800-3850 Barranca Pky

21,435 SF / Vacancy Rate 0% 31,748 SF / Vacancy Rate 0% 56,420 SF / Vacancy Rate 3.5%
Rent/SF - $43 - 53 (Est.) Rent/SF - $43 - 52 (Est.) Rent/SF - $42 - 51 (Est.)
Owner: The Irvine Company Owner: The Irvine Company Owner: The Irvine Company

6 3960 Barranca Pky 7 LA Fitness 8 Campus Plaza

3021 Michelson Dr 4541 Campus Dr


50,000 SF / Vacancy Rate 0% 45,000 SF / Vacancy Rate 0% 44,510 SF / Vacancy Rate 0%
Rent/SF - $41 - 51 (Est.) Rent/SF - $41 - 50 (Est.) Rent/SF - $38 - 47 (Est.)
Owner: The Irvine Company Owner: LBA Realty; PIMCO Prime R… Owner: The Irvine Company

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551

Page 5
Peer Property Photos
2700 Alton Pky - Diamond Jamboree

9 9791-9931 Adams Ave 10 Staples 11 Best Buy

241 E 17th St 16171 Lake Forest Dr


40,070 SF / Vacancy Rate 0% 25,402 SF / Vacancy Rate 0% 41,150 SF / Vacancy Rate 0%
Rent/SF - $37 - 45 (Est.) Rent/SF - $37 - 45 (Est.) Rent/SF - $36 - 44 (Est.)
Owner: Sork Company Owner: Burnham USA Equities Owner: ValueRock Realty Partners

12 589 Anton Blvd 13 Crevier BMW Mini Cooper 14 1425 Auto Mall Dr

1455 S Auto Mall Dr


42,148 SF / Vacancy Rate 4.4% 35,000 SF / Vacancy Rate 0% 31,900 SF / Vacancy Rate 0%
Rent/SF - $35 - 42 (Est.) Rent/SF - $30 - 37 (Est.) Rent/SF - $30 - 37 (Est.)
Owner: JKS-CMFV LLC; McCarthy C… Owner: Penske Automotive Group Owner: BLT Enterprises

15 1450 Auto Mall Dr 16 1400 S Dan Gurney Dr 17 Santa Ana Auto Mall

1350 Auto Mall Dr


29,281 SF / Vacancy Rate 0% 31,762 SF / Vacancy Rate 0% 41,000 SF / Vacancy Rate 0%
Rent/SF - $30 - 37 (Est.) Rent/SF - $30 - 36 (Est.) Rent/SF - $24 - 29 (Est.)
Owner: BLT Enterprises Owner: Fredspeck Properties LLC Owner: Penske Rapid Repair Orange…

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551

Page 6
Peer Property Details
2700 Alton Pky - Diamond Jamboree

1 2600 Alton Pky


Distance to Subject Property: 0.1 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $47.59-58.17 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Best Location (90) Excellent Location (88)
Walk Score®: Somewhat Walkable (69) Somewhat Walkable (69)
Transit Score®: Some Transit (38) Some Transit (38)

PROPERTY AVAILABILITY
Type: Neighborhood Center Tenancy: 4 Tenants Spaces: 0
Center: Diamond Jamboree S… Construction: Masonry Square Feet 0
GLA: 25,962 SF Land AC: 11.58 AC Range: -
Year Built/Renov - Building FAR: 0.05 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $47.59-58.17
Parking 180 free Surface Spaces are available; Ratio of 6.93/1000 SF
Features: Bus Line, Pylon Sign, Signage
Frontage: 381' on Alton Pky, 463' on Jamboree Rd

2 4237-4249 Campus Dr - Bldg B


Distance to Subject Property: 2.7 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 1.0% 0%
NNN Asking Rent: $44.30-54.14 (Est.) $50.97-62.29 (Est.)
Months To Lease: 9 mo 6 mo
Time On Market: 3 mo -
Location Score: Good Location (50) Excellent Location (88)
Walk Score®: Very Walkable (89) Somewhat Walkable (69)
Transit Score®: Some Transit (35) Some Transit (38)

PROPERTY AVAILABILITY
Type: Neighborhood Center Tenancy: 17 Tenants Spaces: 2
Center: University Center Construction: - Square Feet 1,326
GLA: 51,198 SF Land AC: 25.30 AC Range: 501 - 825
Year Built/Renov - Building FAR: 0.05 Max Contig: 825
Floors: 1 Total Expenses: - % Sublet: 0%
Loading Docks: - CoStar Est: $44.30-54.14
Parking -
Features: -
Frontage: 382' on Campus Dr, 596' on Stanford

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 7
Peer Property Details
2700 Alton Pky - Diamond Jamboree

3 210 Newport Center Dr


Distance to Subject Property: 5.7 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $43.43-53.08 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Best Location (92) Excellent Location (88)
Walk Score®: Somewhat Walkable (66) Somewhat Walkable (69)
Transit Score®: Some Transit (42) Some Transit (38)

PROPERTY AVAILABILITY
Type: Storefront Tenancy: 1 Tenant Spaces: 0
Center: - Construction: - Square Feet 0
GLA: 21,435 SF Land AC: 2.20 AC Range: -
Year Built/Renov 1975 Building FAR: 0.22 Max Contig: -
Floors: 2 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $43.43-53.08
Parking -
Features: Signage
Frontage: -

4 4730-4746 Barranca Pky


Distance to Subject Property: 2.1 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $42.59-52.06 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Best Location (92) Excellent Location (88)
Walk Score®: Very Walkable (76) Somewhat Walkable (69)
Transit Score®: Some Transit (31) Some Transit (38)

PROPERTY AVAILABILITY
Type: Community Center Tenancy: 3 Tenants Spaces: 0
Center: Woodbridge Village C… Construction: Wood Frame Square Feet 0
GLA: 31,748 SF Land AC: 13.28 AC Range: -
Year Built/Renov 1979 Building FAR: 0.05 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $42.59-52.06
Parking Surface Spaces @ 0/mo
Features: Dedicated Turn Lane, Signalized Intersection
Frontage: Barranca (with 2 curb cuts)

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 8
Peer Property Details
2700 Alton Pky - Diamond Jamboree

5 3800-3850 Barranca Pky


Distance to Subject Property: 1.3 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 3.5% 0%
NNN Asking Rent: $41.87-51.18 (Est.) $50.97-62.29 (Est.)
Months To Lease: 6 mo 6 mo
Time On Market: 14 mo -
Location Score: Best Location (96) Excellent Location (88)
Walk Score®: Very Walkable (82) Somewhat Walkable (69)
Transit Score®: Some Transit (36) Some Transit (38)

PROPERTY AVAILABILITY
Type: Power Center Tenancy: 22 Tenants Spaces: 2
Center: Crossroads Construction: - Square Feet 6,773
GLA: 56,420 SF Land AC: 4.92 AC Range: 2,000 - 4,773
Year Built/Renov 1993 Building FAR: 0.26 Max Contig: 4,773
Floors: 1 Total Expenses: - % Sublet: 0%
Loading Docks: - CoStar Est: $41.87-51.18
Parking 250 Surface Spaces are available; Ratio of 4.39/1000 SF
Features: Signalized Intersection
Frontage: 1,834' on Barranca Pky

6 3960 Barranca Pky


Distance to Subject Property: 1.4 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $41.38-50.58 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Best Location (96) Excellent Location (88)
Walk Score®: Very Walkable (82) Somewhat Walkable (69)
Transit Score®: Some Transit (36) Some Transit (38)

PROPERTY AVAILABILITY
Type: Power Center Tenancy: 2 Tenants Spaces: 0
Center: Crossroads Construction: Masonry Square Feet 0
GLA: 50,000 SF Land AC: 6.57 AC Range: -
Year Built/Renov Renov 2011 Building FAR: 0.17 Max Contig: -
Floors: 2 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $41.38-50.58
Parking 250 free Surface Spaces are available; Ratio of 5.00/1000 SF
Features: Signalized Intersection
Frontage: 642' on Barranca Pky

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 9
Peer Property Details
2700 Alton Pky - Diamond Jamboree

7 3021 Michelson Dr - LA Fitness


Distance to Subject Property: 1.2 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $41.18-50.33 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Best Location (97) Excellent Location (88)
Walk Score®: Somewhat Walkable (60) Somewhat Walkable (69)
Transit Score®: Some Transit (39) Some Transit (38)

PROPERTY AVAILABILITY
Type: Lifestyle Center Tenancy: 1 Tenant Spaces: 0
Center: Park Place Retail Cen… Construction: Reinforced Concrete Square Feet 0
GLA: 45,000 SF Land AC: 0.86 AC Range: -
Year Built/Renov 2007 Building FAR: 1.21 Max Contig: -
Floors: 2 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $41.18-50.33
Parking 61 Surface Spaces are available; Ratio of 1.03/1000 SF
Features: Air Conditioning, Signage
Frontage: 237' on Michelson Dr.

8 4541 Campus Dr - Campus Plaza


Distance to Subject Property: 2.7 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $38.16-46.64 (Est.) $50.97-62.29 (Est.)
Months To Lease: 11 mo 6 mo
Time On Market: - -
Location Score: Good Location (60) Excellent Location (88)
Walk Score®: Very Walkable (79) Somewhat Walkable (69)
Transit Score®: Some Transit (35) Some Transit (38)

PROPERTY AVAILABILITY
Type: Neighborhood Center Tenancy: 2 Tenants Spaces: 0
Center: Campus Plaza Construction: - Square Feet 0
GLA: 44,510 SF Land AC: 5.11 AC Range: -
Year Built/Renov 1975; Renov 2002 Building FAR: 0.20 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $38.16-46.64
Parking 352 Surface Spaces are available; Ratio of 4.39/1000 SF
Features: -
Frontage: -

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 10
Peer Property Details
2700 Alton Pky - Diamond Jamboree

9 9791-9931 Adams Ave


Distance to Subject Property: 7.1 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $36.98-45.19 (Est.) $50.97-62.29 (Est.)
Months To Lease: 4 mo 6 mo
Time On Market: - -
Location Score: Best Location (94) Excellent Location (88)
Walk Score®: Very Walkable (77) Somewhat Walkable (69)
Transit Score®: Some Transit (28) Some Transit (38)

PROPERTY AVAILABILITY
Type: Community Center Tenancy: 4 Tenants Spaces: 0
Center: Town House Plaza Construction: Masonry Square Feet 0
GLA: 40,070 SF Land AC: 9.80 AC Range: -
Year Built/Renov 1982 Building FAR: 0.09 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $36.98-45.19
Parking 682 free Surface Spaces are available; Ratio of 4.00/1000 SF
Features: Signage
Frontage: Brookhurst, Adams

10 241 E 17th St - Staples


Distance to Subject Property: 6.1 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $36.93-45.14 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Best Location (92) Excellent Location (88)
Walk Score®: Walker's Paradise (94) Somewhat Walkable (69)
Transit Score®: Some Transit (34) Some Transit (38)

PROPERTY AVAILABILITY
Type: Community Center Tenancy: 1 Tenant Spaces: 0
Center: Mesa Center Construction: Wood Frame Square Feet 0
GLA: 25,402 SF Land AC: 2.40 AC Range: -
Year Built/Renov 1957; Renov 2000 Building FAR: 0.24 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $36.93-45.14
Parking 50 free Surface Spaces are available; Ratio of 1.96/1000 SF
Features: -
Frontage: 144' on 17th St (with 1 curb cut)

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 11
Peer Property Details
2700 Alton Pky - Diamond Jamboree

11 16171 Lake Forest Dr - Best Buy


Distance to Subject Property: 7.4 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $36.17-44.21 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Best Location (100) Excellent Location (88)
Walk Score®: Car-Dependent (49) Somewhat Walkable (69)
Transit Score®: Minimal Transit (23) Some Transit (38)

PROPERTY AVAILABILITY
Type: Neighborhood Center Tenancy: 1 Tenant Spaces: 0
Center: Spectrum Crossroads Construction: - Square Feet 0
GLA: 41,150 SF Land AC: 2.94 AC Range: -
Year Built/Renov 1997 Building FAR: 0.32 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $36.17-44.21
Parking -
Features: -
Frontage: -

12 589 Anton Blvd


Distance to Subject Property: 2.6 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 4.4% 0%
NNN Asking Rent: $26.00/SF/Yr $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: 13 mo -
Location Score: Excellent Location (87) Excellent Location (88)
Walk Score®: Somewhat Walkable (57) Somewhat Walkable (69)
Transit Score®: Some Transit (43) Some Transit (38)

PROPERTY AVAILABILITY
Type: Health Club Tenancy: 1 Tenant Spaces: 1
Center: - Construction: - Square Feet 1,875
GLA: 42,148 SF Land AC: 3.51 AC Range: 1,875
Year Built/Renov 2000 Building FAR: 0.28 Max Contig: 1,875
Floors: 2 Total Expenses: - % Sublet: 4.4%
Loading Docks: - CoStar Est: $34.50-42.17
Parking -
Features: -
Frontage: -

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 12
Peer Property Details
2700 Alton Pky - Diamond Jamboree

13 1455 S Auto Mall Dr - Crevier BMW Mini Cooper


Distance to Subject Property: 2.8 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $30.04-36.71 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Excellent Location (89) Excellent Location (88)
Walk Score®: Somewhat Walkable (62) Somewhat Walkable (69)
Transit Score®: Some Transit (39) Some Transit (38)

PROPERTY AVAILABILITY
Type: Auto Dealership Tenancy: 2 Tenants Spaces: 0
Center: - Construction: - Square Feet 0
GLA: 35,000 SF Land AC: 3.31 AC Range: -
Year Built/Renov 1998 Building FAR: 0.24 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $30.04-36.71
Parking 284 Surface Spaces are available; Ratio of 8.11/1000 SF
Features: -
Frontage: 384' on Auto Mall Dr

14 1425 Auto Mall Dr


Distance to Subject Property: 2.9 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $29.91-36.56 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Excellent Location (89) Excellent Location (88)
Walk Score®: Somewhat Walkable (62) Somewhat Walkable (69)
Transit Score®: Some Transit (39) Some Transit (38)

PROPERTY AVAILABILITY
Type: Auto Dealership Tenancy: 2 Tenants Spaces: 0
Center: - Construction: Reinforced Concrete Square Feet 0
GLA: 31,900 SF Land AC: 2.62 AC Range: -
Year Built/Renov 1991; Renov 2011 Building FAR: 0.28 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $29.91-36.56
Parking -
Features: -
Frontage: 305' on Auto Mall Dr

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 13
Peer Property Details
2700 Alton Pky - Diamond Jamboree

15 1450 Auto Mall Dr


Distance to Subject Property: 2.8 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $29.87-36.51 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Excellent Location (89) Excellent Location (88)
Walk Score®: Somewhat Walkable (62) Somewhat Walkable (69)
Transit Score®: Some Transit (39) Some Transit (38)

PROPERTY AVAILABILITY
Type: Auto Dealership Tenancy: 2 Tenants Spaces: 0
Center: - Construction: Masonry Square Feet 0
GLA: 29,281 SF Land AC: 3.33 AC Range: -
Year Built/Renov 1988; Renov 2010 Building FAR: 0.20 Max Contig: -
Floors: 2 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $29.87-36.51
Parking 320 Surface Spaces are available; Ratio of 10.00/1000 SF
Features: Pylon Sign, Signage
Frontage: Auto Mall Dr (with 1 curb cut), Dan Guerny Dr

16 1400 S Dan Gurney Dr


Distance to Subject Property: 2.8 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $29.72-36.32 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Excellent Location (89) Excellent Location (88)
Walk Score®: Somewhat Walkable (60) Somewhat Walkable (69)
Transit Score®: Some Transit (39) Some Transit (38)

PROPERTY AVAILABILITY
Type: Auto Dealership Tenancy: 1 Tenant Spaces: 0
Center: - Construction: Masonry Square Feet 0
GLA: 31,762 SF Land AC: 4.44 AC Range: -
Year Built/Renov - Building FAR: 0.16 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $29.72-36.32
Parking Surface Spaces @ 0/mo
Features: Dedicated Turn Lane
Frontage: Dan Gurney (with 2 curb cuts)

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 14
Peer Property Details
2700 Alton Pky - Diamond Jamboree

17 1350 Auto Mall Dr - Santa Ana Auto Mall


Distance to Subject Property: 2.9 Miles

COMPARISON THIS PROPERTY SUBJECT


Vacancy %: 0% 0%
NNN Asking Rent: $23.95-29.27 (Est.) $50.97-62.29 (Est.)
Months To Lease: - 6 mo
Time On Market: - -
Location Score: Best Location (90) Excellent Location (88)
Walk Score®: Somewhat Walkable (60) Somewhat Walkable (69)
Transit Score®: Some Transit (39) Some Transit (38)

PROPERTY AVAILABILITY
Type: Auto Dealership Tenancy: 2 Tenants Spaces: 0
Center: - Construction: - Square Feet 0
GLA: 41,000 SF Land AC: 6.98 AC Range: -
Year Built/Renov - Building FAR: 0.13 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $23.95-29.27
Parking 200 Surface Spaces are available; Ratio of 4.87/1000 SF
Features: Car Charging Station, Skylights
Frontage: 698' on Auto Mall Dr, 736' on Ritchey St

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 15
Peer Property Comparison
2700 Alton Pky - Diamond Jamboree

Property Name / Address Star Rating NNN Asking Rent Per SF Vacancy Rate

Diamond Jamboree
$51 - 62(Est.) 0%
2700 Alton Pky
2600 Alton Pky
1 $48 - 58(Est.) 0%

Bldg B
2 $44 - 54(Est.) 1%
4237-4249 Campus Dr
210 Newport Center Dr
3 $43 - 53(Est.) 0%

4730-4746 Barranca Pky


4 $43 - 52(Est.) 0%

3800-3850 Barranca Pky


5 $42 - 51(Est.) 3.5%

3960 Barranca Pky


6 $41 - 51(Est.) 0%

LA Fitness
7 $41 - 50(Est.) 0%
3021 Michelson Dr
Campus Plaza
8 $38 - 47(Est.) 0%
4541 Campus Dr
9791-9931 Adams Ave
9 $37 - 45(Est.) 0%

Staples
10 $37 - 45(Est.) 0%
241 E 17th St
Best Buy
11 $36 - 44(Est.) 0%
16171 Lake Forest Dr
589 Anton Blvd
12 $35 - 42(Est.) 4.4%

Crevier BMW Mini Co…


13 $30 - 37(Est.) 0%
1455 S Auto Mall Dr
1425 Auto Mall Dr
14 $30 - 37(Est.) 0%

1450 Auto Mall Dr


15 $30 - 37(Est.) 0%

1400 S Dan Gurney Dr


16 $30 - 36(Est.) 0%

Santa Ana Auto Mall


17 $24 - 29(Est.) 0%
1350 Auto Mall Dr

Average $42.25 0.6%


(Arrows indicate trend over last quarter)

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 16
Peer Property Comparison
2700 Alton Pky - Diamond Jamboree

Property Name / Address Star Rating Availability Rate Vacancy Rate

3800-3850 Barranca Pky


5 12% 3.5%

589 Anton Blvd


12 4.4% 4.4%

Bldg B
2 2.6% 1%
4237-4249 Campus Dr
Diamond Jamboree
0% 0%
2700 Alton Pky
Santa Ana Auto Mall
17 0% 0%
1350 Auto Mall Dr
1400 S Dan Gurney Dr
16 0% 0%

1425 Auto Mall Dr


14 0% 0%

1450 Auto Mall Dr


15 0% 0%

Crevier BMW Mini Co…


13 0% 0%
1455 S Auto Mall Dr
Best Buy
11 0% 0%
16171 Lake Forest Dr
210 Newport Center Dr
3 0% 0%

Staples
10 0% 0%
241 E 17th St
2600 Alton Pky
1 0% 0%

LA Fitness
7 0% 0%
3021 Michelson Dr
3960 Barranca Pky
6 0% 0%

Campus Plaza
8 0% 0%
4541 Campus Dr
4730-4746 Barranca Pky
4 0% 0%

9791-9931 Adams Ave


9 0% 0%

Average 1.5% 0.6%


(Arrows indicate trend over last quarter)

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 17
Peer Property Comparison
2700 Alton Pky - Diamond Jamboree

Property Name / Address Star Rating NNN Asking Rent Per SF Median Months on Market

Diamond Jamboree
$51 - 62(Est.)
2700 Alton Pky
2600 Alton Pky
1 $48 - 58(Est.)

Bldg B
2 $44 - 54(Est.) 3
4237-4249 Campus Dr
210 Newport Center Dr
3 $43 - 53(Est.)

4730-4746 Barranca Pky


4 $43 - 52(Est.)

3800-3850 Barranca Pky


5 $42 - 51(Est.) 14

3960 Barranca Pky


6 $41 - 51(Est.)

LA Fitness
7 $41 - 50(Est.)
3021 Michelson Dr
Campus Plaza
8 $38 - 47(Est.)
4541 Campus Dr
9791-9931 Adams Ave
9 $37 - 45(Est.)

Staples
10 $37 - 45(Est.)
241 E 17th St
Best Buy
11 $36 - 44(Est.)
16171 Lake Forest Dr
589 Anton Blvd
12 $35 - 42(Est.) 13

Crevier BMW Mini Co…


13 $30 - 37(Est.)
1455 S Auto Mall Dr
1425 Auto Mall Dr
14 $30 - 37(Est.)

1450 Auto Mall Dr


15 $30 - 37(Est.)

1400 S Dan Gurney Dr


16 $30 - 36(Est.)

Santa Ana Auto Mall


17 $24 - 29(Est.)
1350 Auto Mall Dr

Average $42.25 10
(Arrows indicate trend over last quarter)

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 18
Peer Property Comparison
2700 Alton Pky - Diamond Jamboree

Property Name / Address Star Rating 12 Mo. Leasing Activity in SF 12 Mo. Net Absorption in SF

Campus Plaza
8 2,436 0
4541 Campus Dr
Bldg B
2 2,032 (501)
4237-4249 Campus Dr
Diamond Jamboree
1,445 0
2700 Alton Pky
Santa Ana Auto Mall
17 0 0
1350 Auto Mall Dr
1400 S Dan Gurney Dr
16 0 0

1425 Auto Mall Dr


14 0 0

1450 Auto Mall Dr


15 0 0

Crevier BMW Mini Co…


13 0 0
1455 S Auto Mall Dr
Best Buy
11 0 0
16171 Lake Forest Dr
210 Newport Center Dr
3 0 0

Staples
10 0 0
241 E 17th St
2600 Alton Pky
1 0 0

LA Fitness
7 0 0
3021 Michelson Dr
3800-3850 Barranca Pky
5 0 0

3960 Barranca Pky


6 0 0

4730-4746 Barranca Pky


4 0 0

589 Anton Blvd


12 0 0

9791-9931 Adams Ave


9 0 0

Average 329 (28)

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 19
Peer Property Comparison
2700 Alton Pky - Diamond Jamboree

Property Name / Address Star Rating NNN Asking Rent Per SF Median Household Income (5 mi)

Diamond Jamboree
$50.97-62.3(Est.) $99,152
2700 Alton Pky
2600 Alton Pky
1 $47.59-58.2(Est.) $98,979

Bldg B
2 $44.30-54.1(Est.) $112,083
4237-4249 Campus Dr
210 Newport Center Dr
3 $43.43-53.1(Est.) $112,307

4730-4746 Barranca Pky


4 $42.59-52.1(Est.) $106,499

3800-3850 Barranca Pky


5 $41.87-51.2(Est.) $104,416

3960 Barranca Pky


6 $41.38-50.6(Est.) $104,659

LA Fitness
7 $41.18-50.3(Est.) $101,487
3021 Michelson Dr
Campus Plaza
8 $38.16-46.6(Est.) $112,678
4541 Campus Dr
9791-9931 Adams Ave
9 $36.98-45.2(Est.) $99,257

Staples
10 $36.93-45.1(Est.) $108,189
241 E 17th St
Best Buy
11 $36.17-44.2(Est.) $108,976
16171 Lake Forest Dr
589 Anton Blvd
12 $34.50-42.2(Est.) $92,162

Crevier BMW Mini Co…


13 $30.04-36.7(Est.) $93,778
1455 S Auto Mall Dr
1425 Auto Mall Dr
14 $29.91-36.6(Est.) $93,472

1450 Auto Mall Dr


15 $29.87-36.5(Est.) $93,298

1400 S Dan Gurney Dr


16 $29.72-36.3(Est.) $93,015

Santa Ana Auto Mall


17 $23.95-29.3(Est.) $92,919
1350 Auto Mall Dr

Average $42.25 $101,518


(Arrows indicate trend over last quarter)

5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 20

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