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OFFERING MEMORANDUM 1767 STANDARD AVE. GLENDALE, CA 91201 FLEX INDUSTRIAL PROPERTY LOCATED IN GLENDALE

THOMPSON AVE

STANDARD AVE SAN FERNANDO RD SITE DESCRIPTION PHYSICAL DESCRIPTION EXECUTIVE SUMMARY

SALE RATE $2,375,000 HIGHLIGHTS BUILDING SIZE 4,800 SF • Rare opportunity for an owner/user to acquire a free standing PRICE PER SF $494.79 two unit flex industrial property in the Burbank/Glendale PARCEL AREA 7,943 SF ASKING PRICE LOT SIZE DAYTIME POPULATION neighboring market. PRICE PER SF LAND $299.01 $2,375,000 7,943 SF 201,361 • High slab-to-slab clearance that allow opportunity to create APN 5624-014-017 interior space suited to individual business needs. FAR 0.51 CONSTRUCTION Block building • Direct access to the 5, 134 freeways. With additional connection FOUNDATION Concrete access to the 101, 170 and 405 freeways. ROOF Flat • Two units with ground level door DOORS 2 Ground Level 10' W x 15' H PROPERTY TYPE SF AVAILABLE POWER • Building height 24 feet, Ceiling height 18 Feet INDUSTRIAL 4,800 SF AMPLE HVAC Roof mounted units BUILDING HEIGHT 24 ft. • Two ground level doors 10'w x 15'h CEILING HEIGHT 18 ft. • 8 free Surface Spaces are available; Ratio of 2.22/1,000 SF THOMPSON AVE YEAR BUILT 1991 ZONING M2 NUMBER OF BUILDINGS 1 NUMBER OF UNITS 2 GROUND FLOOR 4,062 SF 2ND FLOOR MEZZANINE 738 SF CROSS STREET Thompson Ave 233,589 CPD on 5 Fwy TRAFFIC COUNT 31,813 CPD on San Fernando Rd/ STANDARD AVE Thompson Ave FRONTAGE 52' on Standard Ave PARKING 8 free Surface Spaces POWER Ample

2 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 3 PROPERTY OVERVIEW HALE AVE

LOCATION PARKING BUILT 1767 Standard Ave. Provides 8 free Surface Spaces which Built in 1991. Glendale, CA 91201 equates to 2.22 spaces per 1,000 SF parking ratio.

SITE Located at the NW end of Standard Ave and Thompson Ave in the city of Glendale, CA. TRAFFIC COUNTS ZONING 5 Freeway...... ±233,589 CPD Per the city of Glendale, the subject site is San Fernando Rd/ currently zoned as Industrial. LAND AREA Thompson Ave ...... ±31,813 CPD The listing consists of 1 parcel (APN #5624-014-017) totaling 7,943 SF of land area. THOMPSON AVE

BUILDING AREA PARCEL MAP The subject consists of 1 building totaling 4,800 SF of net rentable area.

FRONTAGE & ACCESS The site features approximately 52' linear feet of frontage along Standard Ave.

Access points into the building include 1 enterace off Standard Ave.

STANDARD AVE

4 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 5 FLOOR PLAN FLOOR PLAN

6 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 7 8 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 9 DEMOGRAPHICS Map DEMOGRAPHICS MAP

Glendale

SAN FERNANDO RD

SUBJECT PROPERTY

THOMPSON AVE

STANDARD AVE

10 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 11 6 HUDSON COMMERCIAL PARTNERS, INC. - 31 SNAPSHOT: GLENDALE

Glendale, CA has a population of 197,895 and is the 120th largest city in the United States. The population density is 6,503 per sq mi which is 2440% higher than the average and 7078% higher than the HIGH DENSITY, GLENDALE DEMOGRAPHICS national average. The median age in Glendale is 41 which is approximately 14% higher than the California average of 36. In Glendale, 57% of the population over 15 years of age are married, 30% speak English • More than 96,100 employees with an Average Household Income and 15% speak Spanish. 33% of Glendale residents were born in California, 11% were born out of state, 1% were born outside of the United States and 54% were foreign born. exceeding $58,600

• More than 73,800 households with an Average Property Value NEIGHBORHOOD CITY COUNTY METRO exceeding $639,700

Glendale Glendale Los Los Los • More than 22,700 people in a 1-mile radius and 9,647 population Angeles Angeles Angeles density per sq. mi.

DEMOGRAPHICS GLENDALE UNITED STATES

MEDIAN HOUSEHOLD INCOME $56,069

LOS ANGELES COUNTY

The County of holds many disticntions. L.A. is the entertainment capital of the world, a cultural mecca boasting more than 100 museums, and a paradise of idyllic weather. From tourist attractions like the Walk of Fame's collection of stars (numbering more than 2,614 and growing by one or two a month) to career opportuni- ties like those presented in the expanding tech industry, Los Angeles County is the place to be. It is the only city GLENDALE LOS ANGELES COUNTY in to have hosted the Summer Olympics twice. Downtown L.A. is the largest government center outside of Washington, D.C. Los Angeles County has the WEATHER 284Sunny 91◦Average 62◦Average 284Sunny 71◦Average 55◦Average Days High Low Days High Low only remaining wooden lighthouse in the state (located in San Pedro's Fermin Park) and the largest historical theater district on the National Register of Historic Places (located Downtown on ).

12 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 13 The influx of a massive amount of new ABOUT THE NEIGHBORHOOD TRANSIT-ORIENTED MARKET residential and mixed-use construction projects in Glendale has been a signifi- cant contributor to the office market's Glendale's central regional location and proximity to the Ventura (134), Glendale resurgence. Glendale's proactive city (2), and Golden State (5) freeways provides government was on the leading edge in exceptional access to the region's enormous recognizing the positive impacts of pro- employee base. moting high-density residential projects in its CBD, and to date over 3,500 new multifamily units (many with mixed-use components) have been completed and/ or approved. The construction is chang- In addition, Glendale is: ing the face of Glendale, particularly the area immediately surrounding Glendale • Loacted less than eleven miles from both Plaza and along Central Avenue. ; • Approximately four miles from Burbank Airport; • A hub for 's and commuter 87 45 60 rail systems, which link Glendale with ma- jor population centers in the San Fernanado and Ventura County to the east, the Walk Score Transit Score Bike Score and to the Very Walkable Some Transit Bikeable east, as well as Orange County and San Most errands can be A few nearby public Some bike infrastructure. accomplished on foot. transportation options. Diego to the south; • Served by the Glendale Beeline bus net- 1767 Standard Avenue has a Walk Score of 87 out of work, with two primary lines that serve 100. This location is Very Walkable so most errands business district and Glendale Plaza which can be accomplished on foot. depart from the Glendale transit station (Amtrak and Metrolink) every ten minutes. This location is in Glendale. Nearby parks include Griffith Manor Park, Pelanconi Park and Joaquin Miller Park.

14 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 15 RETAIL AMENITIES RETAIL AMENITIES

THE 3.1 MILES FROM SUBJECT PROPERTY 3.0 MILES FROM SUBJECT PROPERTY

Caruso Affiliated's Americana at Brand is a 900,000 The Glendale Galleria boasts more thank $500 million in annual square foot luxury shopping, entertainment and sales and recently completed a $58 million expansion that living center that attracts more than 20 million visitors included a new 120,000 square foot Bloomingdales. Famously, annually and boasts rents that rival Santa Monica's the Galleria was home to the first in the world. SPACE 134

In March 2016, Glendale's Community Development Department unveiled designs for Space 134, a proposed 24-acre park "capping" a 0.7 mile space of the 134 Freeway beginning at Central Avenue adjacent to Glandale Plaza. The project was awarded two separate grants ($325,000 combined) from the Southern California Association of Governments for community outreach, planning studies and eveloping the vision plan. In 2013, the vision plan was endorsed by the Glendale City Council and the $150 million project is slated for final design, funding and construction after 2020. While not yet fully funded or entitled, the project is another example of the City's proactive commitment or creating and maintaining a vibrant central business district.

BRAND AVENUE RETAIL 3.3 MILES FROM SUBJECT PROPERTY

A one mile stretch down Glendale's CBD contains an unparalleled concentration of upscale shopping and dining amenities in the Tri-Cities region.

16 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 17 GLENDALE, CALIFORNIA With more than 200,000 residents, Glendale is the third largest city in Los Angeles County, behind only Los Angeles and Long Beach. The 6.7 million square foot Glendale office submarket enjoys a central location adjacent to Burbank, Pasadena and Downtown Los Angeles. The city is easily accessible from both a) the traditional executive neighbor- hoods in the foothills of the , such as La Canada Flintridge, San Marino and South Pasadena, as well as b) several of Los Angeles' most dynamic emerging neighborhoods, such as Highland Park, Eagle Rock, Atwater Village, Silver Lake and Glassell Park. Glendale's proxim- ity to neighborhoods that are most desired by LA's young creative (Milllennial) class provides access to some of the region's best demographics.

According to a 2016 study completed by Zillow. Glendale is one of only a handful of "new" money U.S. cities with a higher concentration of Millennial households earning more than $350,000 a year than Baby Boomer households.

18 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 19 The below graph shows the declining vacancy rate in Glendale, as well as the increasing asking lease rate. Tenants from Downtown Los Angeles, Pasadena, Burbank, Hollywood and the have been increasingly migrating to Glendale, drawn by the City's exceptional amenities, urban housing and youthful demographics, accessibility and the city's low cost of doing business (no gross receipts tax).

Glendale's vacancy rates have dramatically outpaced the overall market in Los Angeles and currently sit at historic lows.

20 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 21 CITY OF GLENDALE DEMOGRAPHICS TOP REGIONAL ATTRACTIONS 2017 Population - Current Year Estimate 200,555 Glendale Marketplace 2022 Population - Five Year Projection 207,044 Glendale Galleria 2017-2022 Annual Population Growth Rate 0.64% The Americana at Brand Hollywood & Highland Center 2017 Households - Current Year Estimate 74,787 Burbank Empire Shopping Center 2022 Households - Five Year Projection 76,844 Universal Studios Hollywood 2017-2022 Annual Household Growth Rate 0.54% Roslin Art Gallery Paseo Colorado 2017 Average Household Size 2,66 Autry Museum of the AMerican Fashion Center 2017 Average Household Income $90,815 Koreatown Plaza 2022 Average Household Income $101,642 Verdugo Park The Grove at Farmers Market 2017 Average Value of Owner Occ. Housing Units $722,185

22 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 23 WARNER BROS. STUDIOS CBS INTERACTIVE

WALT DISNEY STUDIOS

5

WESTERN AVE

ANTELOPE VALLEY LINE

VENTURA COUNTY LINE

THOMPSON AVE

SUBJECT PROPERTY STANDARD AVE

24 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 25 DOWNTOWN BURBANK

5 IKEA

HOME DEPOT

SAN FERNANDO RD

SUBJECT PROPERTY

VENTURA COUNTY LINE

THOMPSON AVE

STANDARD

AVE

26 1767 STANDARD AVE. | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 27 www.hudsonpartnersinc.com KELLY BETPOLICE Managing Principal c: 310.403.8544 p: 818.699.1602 f: 818.332.4977 e: [email protected]

Cal BRE: 01470894

This Memorandum (“Offering Memorandum”) has been prepared by Hudson Commercial Partners, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice.

This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Hudson Commercial Partners, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property.

This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum.

This Memorandum is being delivered by Hudson Commercial Partners Inc. to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested ©2020 Hudson Commercial Partners, Inc. The information contained in this and qualified prospective purchasers. Hudson Commercial Partners, Inc. reserves the right to request the return of any or all of document has been obtained from sources believed reliable. While Hudson the information enclosed. Commercial Partners, Inc. does not doubt its accuracy, Hudson Commercial Partners, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Hudson Commercial Partners, Inc. logo are service marks of Hudson Commercial Partners, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

4605 Lankershim Blvd, Suite 214 | Universal City, CA 91602 www.hudsonpartnersinc.com