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14202 Ventura Blvd Sherman Oaks, CA

Prime Medical Building Conversion Opportunity

Conceptual Rendering Exclusively Represented By;

Greg Engel Oliver Ghadoushi 323.274.2115 323.302.8282 [email protected] [email protected] DRE 01428024 DRE 01973061

2 Offering Memorandum | 14202 Table of Contents

Opportunity Overview Page 4 Investment Highlights Page 5 Location & Map Pages 6–10 Property Photos Page 11–18

Disclosure This Offering Memorandum has been prepared exclusively by Urban Compass, Inc. d/b/a Compass (“Compass”) on behalf of the owner of the property (the “Owner”), regarding the purchase of property described herein at 14202 Ventura Boulevard (the “Property”). It is intended solely for your limited use and benefit in determining whether you desire to express further interest in the purchase of the Property. The materials in this Offering Memorandum contain selected information pertaining to the Property and do not purport to be a representation of the state of affairs of the Property or the Owner, to be all-inclusive or to contain all or part of the information which you may require to evaluate a purchase of the Property.

Although the information contained herein is believed to be correct, Compass, the Owner and their employees disclaim any and all liability for representations and warranties, expressed and implied or inaccuracies contained in or omitted from this Offering Memorandum or any other written or oral communication transmitted or made available to you. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Compass. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All measurements are approximations. You shall exercise independent due diligence in verifying all such information.

The Owner and Compass expressly reserve the right, in their sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Offering Memorandum.

You agree that this Offering Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest of confidence and that you will not disclose this Offering Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Compass. You also agree that you will use this Offering Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Compass.

If after reviewing this Offering Memorandum, you have no further interest in the Property, kindly return this Offering Memorandum to Compass.

No inspections of the Property are permitted unless accompanied by the Owner or a representative from Compass.

Building measurements are approximate, reported by owner, and do not match title.

3 Offering Memorandum | 14202 Ventura Boulevard Opportunity Overview

Compass is pleased to present the rare opportunity to acquire 14202 Ventura • Asking Price: “Upon Request” Boulevard; a proposed freestanding medical building conversion opportunity • Property Type: Medical | Office | Retail in prime Sherman Oaks, CA. The building spans approximately 3,500 square • Building Size: ± 3,500 Square Feet feet and is situated on approximately 8,971 square feet of land. The property • Lot Size: ± 8,971 Square Feet features thirteen (13) on-site parking spaces via a private driveway and direct • Parking Spaces: 13 access from Ventura Boulevard. • Zoning: LAC2 • Occupancy: Vacant at Close of Escrow This pride-of-ownership opportunity offers an owner-user or investor with • APN #: 2266-003-005 the ability to position themselves in a highly desirable submarket within the • Buyer to verify any and all accuracy of information. , with built-in demand and limited supply of freestanding • Showings By Appointment Only — Please Contact Listing medical space. The property is nestled between Blvd and Brokers. Woodman Ave, and just East of Beverly Glen Blvd with ease of access to • Please Do Not Disturb Occupants. the 101 and 405 freeways. Ventura Blvd holds a high traffic count of 35,229, • Square footage per title is 2,726 square feet - seller advised with and Sherman Oaks boasts very strong demographics. With prominent additions total square footage equates to 3,500 square feet. signage and exposure facing Ventura Blvd, the asset is also conveniently Buyer to verify. located within the expansive amenity hub of Sherman Oaks, featuring • *Proposed Uses Subject to City Approval. multiple new developments in the local area. The property lends itself well to a variety of potential medical uses, especially medical professionals such as doctors, dental offices, veterinarian clinics, and beyond (verify with city). Additionally, the property is conveniently located within minutes of the Sherman Oaks Hospital, Encino Hospital Medical Center, and Providence Cedars-Sinai Tarzana Medical Center. An owner-user can thrive from greater advantages than the path of traditional leasing through very favorable SBA financing, inclusive of construction costs, to achieve a user’s specific build-out requirements (contact brokers for SBA outline).

4 Offering Memorandum | 14202 Ventura Boulevard Investment Highlights

• Rare, Freestanding Medical Compound

• Ideal for Doctors, Dental Offices, Veterinarian Clinics

• Private Driveway with 13 On-Site Parking Spaces

• Pride of Ownership Opportunity

• Impeccable Ventura Blvd Location

• Favorable Financing Opportunities

• Surrounded by Expansive Neighborhood, Retail, and Service Amenities

• Prime location with heavy drive-by traffic and excellent visibility of practice

5 Offering Memorandum | 14202 Ventura Boulevard About Sherman Oaks & The San Fernando Valley

Sherman Oaks is the Urban Suburbia of the San allowing for city convenience with small town economy which continues to grow exponentially Fernando Valley, with Ventura Blvd spanning 18 peacefulness. High-end malls and a myriad of on an annual basis. As a result of the San miles as its primary thoroughfare and the world’s hip boutiques and restaurants are a draw for Fernando Valley’s large population of 2.5 million, longest avenue of contiguous businesses. Sherman the families, individuals, and executives who call including its highly-educated workforce and high- Oaks is uniquely positioned in the Valley due to Sherman Oaks home with a reputation of being at paying jobs, household incomes are above the its close proximity to West and ease the helm of the most affluent area of the Valley. national average with built-in growth of the short of access to Studio City, Burbank, , and long-term. The Valley is home to over 50,000 and . Sherman Oaks also Southern ’s San Fernando Valley (also businesses, while employing over 700,000 workers has enviable demographics with the average known as The Valley) has been widely recognized across the region’s highly dynamic and thriving household income exceeding $126,000 per year, as one of the largest territories in Los Angeles economy. and a strong local economy with significant County to serve as the headquarters of prominent job growth over a multitude of diverse sectors. entertainment, healthcare, technology, and Sherman Oaks is a highly desirable submarket biotechnology companies, underpinning its diverse

6 Offering Memorandum | 14202 Ventura Boulevard 6 Site Maps

ENCINO 101 Freeway VAN NUYS

SHERMAN OAKS Ventura Boulevard

7 Offering Memorandum | 14202 Ventura Boulevard BURBANK NORTH HOLLYWOOD TOLUCA LAKE

101 Freeway

STUDIO CITY

Ventura Boulevard

8 Offering Memorandum | 14202 Ventura Boulevard BURBANK NORTH HOLLYWOOD TOLUCA LAKE

STUDIO CITY

Ventura Boulevard

9 Offering Memorandum | 14202 Ventura Boulevard

BURBANK A

Ventura Boulevard 14202 Ventura Boulevard C ENCINO TOLUCA LAKE TARZANA E

STUDIO CITY

D

Beverly Glen Boulevard

Sherman Oaks Galleria Best Buy CVS Pharmacy Encino Hospital Medical Center

Sherman Oaks Hospital Whole Foods Market (Coming Soon) Providence Cedars-Sinai Tarzana Medical Center

10 Offering Memorandum | 14202 Ventura Boulevard Property Photos

11 Offering Memorandum | 14202 Ventura Boulevard 12 Offering Memorandum | 14202 Ventura Boulevard 13 Offering Memorandum | 14202 Ventura Boulevard 14 Offering Memorandum | 14202 Ventura Boulevard 15 Offering Memorandum | 14202 Ventura Boulevard 16 Offering Memorandum | 14202 Ventura Boulevard 17 Offering Memorandum | 14202 Ventura Boulevard Existing Interior

18 Offering Memorandum | 14202 Ventura Boulevard For more information regarding this opportunity, please contact our exclusive sales brokers;

Oliver Ghadoushi Greg Engel 323.302.8282 323.274.2115 [email protected] [email protected] DRE 01973061 DRE 01428024

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measuremencts and square footage are approximate. If your property is currently listed for sale this is not a solicitation.