1264 W 1St St Echo Park, Ca 90026 Dtla Adjacent

90% SBA FINANCING OFFERING MEMORANDUM 1264 W 1ST ST ECHO PARK, CA 90026 DTLA ADJACENT

State Enterprise Zone ‒ Medical Office Eligible INVESTMENT OVERVIEW SITE DESCRIPTION EXECUTIVE SUMMARY

Hudson Partners and Compass Commercial are the CONSTRUCTION TYPE Masonry exclusive agents for this free standing corner building $ 2: M/W 1st Floor situated on the edge of Echo Park and DTLA. It’s RESTROOM 1: Full Bath Lower Level situated blocks from the 110 and 101 freeway, the ASKING PRICE PROPERTY TYPE FINANCING Stanley Mosk Courthouse, The Broad, and Disney ROOF 2018 - Rolled Composition $2,050,000 Office 90% Concert Hall. A standalone office building completely remodeled and gorgeous, with 8 covered parking spots SBA Loan GROSS BUILDING SF 3,258 SF on-site. The former home office of L.A.’s own Downtown L.A. News can be used as general office use or converted 1ST FLOOR 2,300 SF to medical office because it’s within a State Enterprise 2ND FLOOR 958 SF Zone. This eligibility allows 2 parking spaces for every 1,000 sq.ft. of building square footage for medical and SF AVAILABLE LOT SIZE POTENTIAL USE TOTAL PARCEL AREA 2,178 SF retail use. The building is now modernized and sparkling 3,258 SF 2,178 SF Medical for a new business to make its Home, while leveraging Office YEAR BUILT/RENOVATED 1961/2020 up to 90% loan-to-value with an SBA Loan.

APN 5152-008-011

8 Spaces PARKING 2.45/1,000 SF

OCCUPANCY Vacant

ACCESS Vacant

CEILING HEIGHT HIGHLIGHTS ZONING CW • Renovated in 2020 STATE ENTERPRISE ZONE Eligible/Medical Conversion • Strategically Loacted Next to Downtown Los Angeles 2 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 3 PROPERTY OVERVIEW

LOCATION PARKING BUILT 1ST ST 1264 W 1st St Provides 8 spaces which equates to 2.45 The property was built in 1961. Los Angeles, CA 90026 spaces per 1,000 SF parking ratio.

SITE Located on the northeast corner of 1st St and Bixel St, in the city of Los Angeles, CA. ZONING Per the city of Los Angeles, the site is currently zoned as CW. LAND AREA The property consists of 1 parcel (APN #5152-008-011) totaling 2,178 SF of land area.

EDGEWARE RD BUILDING AREA PARCEL MAP The subject consists of 1 building totaling 3,258 SF.

FRONTAGE & ACCESS The site features 50 linear feet of frontage along 1st St. 2ND ST

Access points into the building include 1entrance off rear alley.

4 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 5 USER OCCUPANCYZIMAS COSTS MAP LEASE VS. OWN 3,258 SF 3,258 SF OWNER USER FINANCING ESTIMATED ANNUALIZED | USER OCCUPANCY COSTS LEASE SCENARIO PER/SF AMOUNT OWN SCENARIO PER/SF AMOUNT LEASE ASSUMPTIONS: PURCHASE ASSUMPTIONS: SUMMARY TERMS DESCRIPTION ESTIMATED PSF Rent Per Month $8,145 Purchase Price $629 $2,050,000 Rent Per SF Full Service Gross $2.50 Improvement - Additional $0 $0 Price $2,050,000 OPERATING EXPENSES START-UP COSTS: Total $629 $2,050,000 Down Payment (25%) $512,500 Prepaid rent and security deposit (2 mo.'s total) $16,290 START-UP COSTS: Lessee TI costs, net of lessor TI Allowance** $0 Borrower cash down payment (15%) $410,000 Taxes (1.25%) $25,625 $7.87 Gross Square Feet 3,258 SF Total startup costs $16,290 Estimated fees on 1st mortgage** $7,688 GROSS MONTHLY COSTS: Est. appraisal, environmental, other fees** $5,000 Price Per Foot On Building $629.22 Rent payment $2.50 $8,145 Total startup costs $422,688 Insurance $1,550 $0.48 Lease operating costs** $0.50 $1,629 GROSS MONTHLY COSTS: Lot Size 2,178 SF Gross monthly cash cost $3.00 $9,774 Mortgage payment $2.50 $8,161 LEASE BENEFITS (PER MONTH): Ownership operating costs** $0.91 $2,958 Utilities $6,516 $2.00 Price Per Foot On Land $941.23 Depreciation tax benefit at 35% tax rate $0.00 $0 Gross monthly cash cost $3.41 $ 11,119 Avg. monthly principal paydown | equity build $0.00 $0 OWNERSHIP BENEFITS - EXCEL. APPRECIATION Year Built/Renovated 1961/2020 Tax benefit on rent deduction at 35% tax rate $0.88 $2,851 (PER MONTH): Repairs & Maintenance $4,000 $1.23 Tax benefit on operating costs at 35% tax rate $0.18 $570 Depreciation tax benefit at 35% tax rate $0.38 $1,226 Zoning CW Lease-out income (net of tax at 35% rate) $0.00 $0 Avg. monthly principal paydown | equity build $1.37 $4,464 $1.05 $3,421 Tax benefit on rent deduction at 35% tax rate $0.40 $1,294 Capital Reserves/Mic. $925 $0.30 NET COST AFTER LEASE BENEFITS: $1.95 $6,353 Tax benefit on operating costs at 35% tax rate $0.32 $1,035 Est. appreciation benefit, per month $0.00 $0 Lease-out income (net of tax at 35% rate) $0.00 $0 NET COST AFTER LEAST BENEFITS $1.95 $6,353 Interest on startup cost difference (net of 35% tax) -$0.20 -$660 LOAN ASSUMPTIONS Total Operating Expenses $38,616 $11.84 PROJECTED RENT COST IN YEAR 10 $2.26 $7,359 Net rent cost (after tax benefits at 35% rate) $2.54 $8,289 NET COST AFTER OWNERSHIP BENEFITS EXCEL APPRE: $1.15 $3,760 SUMMARY TERMS Assumed annual rent escalation 2.5% Est. appreciation benefit, per month $1.05 $3,417 Debt Service $94,857 $ 29.12 NET COST AFTER OWNERSHIP BENEFITS INCL. APPRE: $0.11 $343 Loan Amount $1,537,500 ANALYSIS LIMITATIONS: THIS ANALYSIS DOES NOT INCLUDE SUPPLEMENTAL INCOME STREAM FROM GROWTH IN PROPERTY VALUE & OWNER EQUITY POTENTIAL TENANTS - LOWERING OCCUPANCY COSTS SIGNIFICANTLY Interest Rate 3.75% Assumed Annual Appreciate Rate Of: 2.0% Borrower Down Payment (20%): $410,000 Total Occupancy Costs $133,473 $40.97 Disclaimer: This sample analysis is based on a series of assumptions, including loan interest rates and annual appreciation rates, and is meant only to be illustrative in nature. The analysis is not a guarantee of any actual results of any loan or purchase PROPERTY VALUE LOAN BALANCE OWNER EQUITY transaction or ownership of any real property, all of which are subject to risks, uncertainties and assumptions that are difficult Amortization 25 Years to predict and beyond our control. No warranties or representations, express or implied, are made as to the accuracy of the Year 5 $2,263,366 $1,299,743 $963,623 Monthly Occupancy Costs information contained herein, and same is submitted subject to the possibility of errors, omissions, change of price, rental or $3.41 PSF other conditions, withdrawal without notice, prior sale, lease or financing. We include projections, opinions, assumptions or Year 10 $2,498,939 $990,328 $1,508,610 Monthly Payment $7,904.77/month (before tax advantages of ownership) estimates for example only, and they may not represent future performance of the property. You and your financial and legal advisors should conduct your own evaluation of the property and transaction economics. Year 15 $2,759,030 $629,052 $2,129,978 Year 20 $3,046,192 $207,204 $2,838,988

6 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 7 1264 WEST 1ST STREET, LOS ANGELES1264 WEST 1ST STREET, LOS ANGELES

FIRST FLOOR (2,300 SF) ‒ FLOOR PLAN LOWER FLOOR (958 SF) ‒ FLOOR PLAN

36'5 X 15'9 36'5 X 15'9

BATH 12' X 11'6 12' X 11'6 BATH BATH BATH

CARPORT CARPORT CARPORT CARPORT

12' X 9'10 10'3 X 10'8 10'3 X 10'8 12' X 9'10 FR FR

23' X 18'6 23' X 18'6 10' X 18' 10' X 18' 10' X 14'7 9'10 X 14'7 10' X 14'7 9'10 X 14'7 BATH BATH 10' X 8'7 10' X 8'7

UP UP 8 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 9 FIRST FLOOR FIRST FLOOR LOWER LEVEL LOWER LEVEL 2166 SQ/FT 2166 SQ/FT 874 SQ/FT 874 SQ/FT

FLOOR PLAN CREATED BY REST, INFORMATION DEEMED RELIABLE,FLOOR PLAN BUT CREATED NOT GUARANTEED. BY REST, INFORMATION (626) 840-1717 DEEMED RELIABLE, BUT NOT GUARANTEED. (626) 840-1717 10 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 11 SNAPSHOT: ECHO PARK

Echo Park is a neighborhood in Los Angeles, California with a population of 35,802. Echo Park is in Los Angeles County and is one of the best places to live in California. Living in Echo Park offers residents an urban suburban mix feel and most residents rent their homes. In Echo Park HIGH DENSITY, LOS ANGELES there are a lot of bars, restaurants, coffee shops, and parks. Many young professionals live in DEMOGRAPHICS Echo Park and residents tend to be liberal. The public schools in Echo Park are above average. • More than 3,918,800 people with a population

NEIGHBORHOOD CITY REGION COUNTY METRO density of 8,362 people per sq. mi.

Echo Los Los Los Los Park Angeles Angeles Angeles Angeles • More than 2,060,000 employees with an Average Household Income exceeding $62,474

DEMOGRAPHICS • More than 1,380,000 households with an Average Property Value exceeding $682,400

LOS ANGELES COUNTY

The County of Los Angeles 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 opportunities like those presented in the expanding tech industry, Los Angeles County is the place to be. It is the only city ECHO PARK LOS ANGELES COUNTY in North America 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 83◦Average 50◦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 Broadway).

12 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 13 Los Angeles is California’s largest city, the country’s second largest (after New York) and is home to about 4 million people. ABOUT THE NEIGHBORHOOD DOWNTOWN LOS ANGELES Known for its sprawling layout, ethnic diversity, sunny weather and television and film industry, Los Angeles is home to many in the entertainment industry. If you want to join them, it is cheaper to live there than New York, but rental and home The renaissance of Downtown Los Angeles that began in the late 1990’s The diverse districts of Downtown Los Angeles each have distinct prices, along with the cost of living, are pricey. Save up before has attracted over $17.3 billion of investment. The transformation continues characteristics and amenities. Downtown's employers, including multi- you move to the City of Angels. today with many historic buildings having been converted into lofts, new national corporations AECOM, AEG and Ernst & Young, are located in the Mountains, deserts and the Pacific Ocean surround Los mid- and high-rise residential buildings being built, and numerous retail Financial District. South Park is the location of the LA Convention Center, Angeles. Low-rise buildings are commonplace, as are headquarters for major corporations. There is a lot of diversity in businesses and restaurants choosing to locate in Downtown. the Staples Center and the L.A. Live entertainment complex. The city's major the city, and there are areas where many people from certain ethnic groups live and work, such as Koreatown, Little Tokyo art institutions, among them the Walt Disney Concert Hall and the Broad and Little Ethiopia, making them a great place to try authentic Downtown Los Angeles is well-served by the freeway network and is bounded Museum, are located along Grand Avenue in the Civic Center neighbor- cuisine. by the Los Angeles River to the east, 101 Hollywood Freeway to the north, hood which also includes City Hall. A former industrial area, today the Arts Surrounded by Elysian Park, Elysian Valley, Silver Lake the 10 Santa Monica Freeway on the south and just west of the 110 Harbor District is home to the Southern California Institute of Architecture (SCI-ARC) and Chinatown, Echo Park has become a very desirable neighborhood due to its cultural diversity, architectural charm, Freeway on the west. It is the hub of the METRO, a network of six separate along with a multitude of art galleries, photography studios, and video and and classic Los Angeles living. Thoroughfares such as Sunset lines (the Blue, Red, Purple, Green, Gold and Expo Lines) serving 80 stations media companies including Warner Music Group which recently relocated Boulevard—just 1.3 miles to the north of the property, Temple Street, and Beverly Boulevard are lined with new local through out LA County. At 87 miles, it is the second largest light rail system in its headquarters to the Arts District. businesses and popular nightlife spots that make Echo Park one of the trendiest areas in Los Angeles. Adding to the area’s the United States. vibrant culture, Echo Park is home to numerous art festivals which take place year-round, as well as popular music venues including The Echo, Bootleg Theater, and the Echoplex. Recreational neighborhood landmarks include the historic Baxter Steps, Laveta Terrace Stairway, and Elysian Park, all within close proximity to the property. The newly renovated Echo Park Lake, located just 0.8 miles away, features a walking path, picnic area, paddle boats, and beautiful lotus flower gardens, celebrated in a lotus festival each year.

Sherman Oaks 15 mi Hollywood 5 mi DTLA 1 mi Santa Monica 15 mi 81 93 45

Walk Score Transit Score Bike Score

Very Walkable Rider's Paradise Somewhat Bikeable Most errands can be World-class public Minimal bike accomplished on foot. transportation. infrastructure.

14 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 15 ECHO PARK

Stories Book Store Cookbook Market Echo Park Lake Sage - Vegan Restaurant The Echoplex Wildflower Trail

Nico and Bullet Ostrich Farm Pollen - Restaurant Shout and About Valerie Confections YogaLA

16 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 17 NEARBY AMENITIES NEARBY AMENITIES

GRAND CENTRAL MARKET STAPLES CENTER & LA LIVE 4.0 miles 5.3 miles Grand Central Market has been in continuous operation since it first opened in 1917. Up to the Staples Center is home to the Los Angeles Lakers (basketball), Los Angeles Clippers (basketball), Los early 2000’s, the market consisted primarily of grocers, butchers and delicatessens serving local Angeles Kings (hockey), and the Los Angeles Sparks (women’s basketball). This world-class arena residents. The renaissance of Downtown Los Angeles, and the recent food hall trend sweeping the hosts over 270 events a year and over four million visitors annually. The adjacent LA Live campus U.S. has transformed the 30,000-square foot arcade in to a culinary destination. Grand Central boasts the JW Marriott and Ritz Carlton hotel, Microsoft Theater, 18 restaurants, 3 night clubs, the Market gained national recognition when it was nominated for Best New Restaurant in 2014 by Bon Grammy Museum and a 14-screen Regal Cinema. Appetit Magazine. The market’s 35+ food stalls along with three produce markets reflect the vibrant and diverse culture of Los Angeles.

THE MUSIC CENTER 4.3 miles FIGAT7TH 6.0 miles The Music Center is Los Angeles’ performing arts destination. The campus consists of the Dorothy Chandler Pavilion (LA Opera), Ahmanson Theatre, Mark Taper Forum (Center Theatre Group), and Reopened in late 2012 after a $40 million makeover, FIGat7th is an openair shopping mall located in the Frank Gehry-designed Walt Disney Concert Hall (Los Angeles Philharmonic and Los Angeles the Financial District. Notable tenants include City Target, Nordstrom Rack, Zara, Sunglass Hut, H&M, Mater Chorale). The Music Center also programs and manages Grand Park, a 12-acre greenspace MAC Cosmetics and L’Occitane. The center also features numerous restaurant and eatery options located adjacent to the campus. The Music Center brings the world’s greatest artistic programs and including California Pizza Kitchen, Loteria Grill, Morton’s Steakhouse, Mendocino Farms, Sprinkles events to Los Angeles, in addition to free community events, festivals, outdoor concerts and arts Cupcakes, City Tavern, and Starbucks. education.

THE BROAD THE BLOC 5.9 miles 4.8 miles In 2013, The Ratkovich Company acquired the dated Macy’s Plaza for $241 million, which included Located adjacent to the Walt Disney Concert hall, The Broad is Los Angeles’ newest art museum. the retail portion (Macy’s, Express, Bath and Body Works, LA Fitness) as well as the 23-story, 485- The $140-million museum was financed by philanthropist Eli Broad, after who it is named, and room Sheraton hotel and the 33-story, 700 South Flower office tower. Ratkovich spent $180 million houses the Broad art collection. Admission to the museum’s permanent collection is free. The Broad’s in renovations to the entire complex, transforming it into a premium shopping, dining, business, and permanent exhibits include works by Cindy Sherman, Jeff Koons, Roy Lichtensteinn and Andy Warhol. The leisure destination in the heart of downtown's Financial District. The development is directly connected museum was opened in September 2015 and attracted over 700,000 visitors in its first year. to the heavily-travelled 7th & Metro subway station.

18 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 19 NEARBY EMPLOYMENT CENTERS EMPLOYERS WITHIN 5 MILES HOLLYWOOD 14 minute drive

Home of the motion picture, radio and television industry, Paramount, Viacom, Capitol Records, the Academy of Motion Picture Arts and Sciences, and EMPLOYER EMPLOYEES Technicolor are all located in Hollywood. Netflix relocated to Hollywood in 2017 and continues to expand its footprint, claiming 1.5 million SF of space in existing assets or developments underway. 1 LAC & USC Medical Center 8,000 DOWNTOWN LOS ANGELES Kasier Permanente Los Angeles 2 6,060 8 minute drive Medical Center Downtown Los Angeles has over 30.0 million square feet of office space and nearly 500,000 employees. Downtown is home to some of the largest 3 Paramount Pictures Corp 3,000 employers in the Greater Los Angeles region, including multinational corporations such as AEG, AECOM, Ernst & Young and Warner Music Group and companies such as Wedbush Securities, City National Bank and Oaktree Capital Management. 4 Ernst & Young 2,000 GLENDALE 5 Southern California Gas Company 2,000 15 minute drive

Downtown Glendale has 6.7 million square feet of office space, with some of the largest employers in the region such as Nestle USA headquarters, 6 PWC 1,700 Whole Foods Western headquarters, DreamWorks Animation SKG, The Walt Disney Company, Citibank, Avery Dennison, LegalZoom.com, Unum Group, HealthNet, Allstate, and United Healthcare. 7 Good Samaritan Hospital 1,300 BEVERLY HILLS/CENTURY CITY 21 minute drive 8 KPMG 1,300 Beverly Hills is one of the most celebrated and in-demand destinations in the world. With an economy near $20 billion annually, Beverly Hills ranks first among mid-to-large sized cities in the United States for retail sales per 9 Blue Shield of California 1,000 capita. Some of Los Angeles’ largest private equity and venture capital firms are located in Beverly Hills. Neighboring Century City is home to 20th Century Fox and the Creative Artists Agency. 10 Gibson Dunn & Crutcher LLP 1,000

20 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 21 HUDSON COMMERCIAL PARTNERS, INC. OVERVIEW HUDSON COMMERCIAL PARTNERS, INC. OVERVIEW

COMPANY OVERVIEW HUDSON COMMERCIAL PARTNERS, INC. services; sale or lease negotiations based on strong strategy, customer profiles, deal validation and UNSURPASSED CLIENT SERVICE market knowledge and current trends; and build-to- market potential reports. Our vision is to find key In 2012, Jay Martinez, Kelly Betpolice and Darin suit analysis and planning. locations for our clients that help make a quantifiable WHY HIRE HUDSON COMMERCIAL PARTNERS, INC. Spillman established Hudson Commercial Partners, Today’s businesses are becoming increasingly difference in their bottom line. Inc. office driven by the unique idea to turn real estate complex and require unparalleled expertise and Hudson Commercial Partners, Inc. wide range brokers into company owners or “shareholders.” His market knowledge. That’s why more and more of services are applicable to any of the diverse INVESTMENT SERVICES 1. A Team with a commitment to getting the job done that has the time and energy to guiding philosophy centered on a belief that clients’ companies throughout the country are entrusting product types categorized as industrial buildings, interests would be best served by a collective team their real estate decisions to Hudson Commercial from manufacturing plants and traditional We combine our market knowledge, experience and implement the marketing plan. effort from experienced sales agents who had an Partners, Inc.. bulk warehouse/distribution facilities, to more resources, which enables our clients to capitalize 2. A partner with mutual goals. ownership stake in the privately held organization. specialized research and development facilities, on the best investment opportunities available. This ownership can be earned through superior OFFICE BROKERAGE SERVICES warehouse/showroom or flex space and high-tech Today, we are one of the leading providers of real 3. A Team that exclusively represents the interests of Ownership, and not the interests of performance and demonstration of a strong sense laboratories. Hudson Commercial Partners, Inc. estate investment property sales as well as advisory others. of ethics and values. Not merely employees, profit- The firm’s office brokers negotiate various brokers represent institutional investors, individual and debt placement services. In order for our clients 4. A Team that creates a marketing plan, implements it, and remains accountable at all times. sharing Hudson Commercial Partners, Inc. owner/ transactions, including mid- and high-rise investors, developers and publicly traded to achieve their investment objectives, we offer site agents would strive to create a sense of shared properties, business and office parks, mixed-use companies as well as large, mid-size and small selection, market research, financial analysis and 5. A Team with accurate market and support data for educated decision-making. responsibility and cooperation throughout the projects, office land for development, multi-tenant entrepreneurial companies. transaction negotiation. 6. A Team that has recent experience and success in selling similar retail assets. organization, and would encourage an orientation buildings and commercial investments. Our brokers toward long-term client relationships and innovative analyze the financial arrangements to streamline RETAIL SERVICES The strength of our investment brokers lies in our 7. A Team that covers all viable market areas with a presence in the submarkets of Southern business solutions. To further create a vested interest transactions, and use innovative marketing efforts collaborative platform to benefit clients, which California. for the Broker/Agent, each principal has the ability and unique transaction structuring to provide We develop customized solutions for our clients’ include financial institutions, insurance companies, to invest in each new office. Mr. Martinez’s profit- creative solutions to meet the client’s needs. Our retail real estate needs through our market-to- REITs, opportunity funds, pension funds and 8. A Team that has the work ethic for which we are known and the willingness to always go sharing concept has proven enormously successful, comprehensive service line includes owner and market knowledge and vast services, such as advisors as well as private investors. Every Hudson the extra mile for our clients. and has fueled the explosive growth of many group tenant leasing, acquisition and sales, along with strategy, management, finance and brokerage. Our Commercial Partners, Inc. office has financial offices throughout worldwide. marketing and consulting capabilities. We focus retail team consists of seasoned brokers (typically specialists, so clients are assured that we are in 9. A Team with references in investment sales of a similar product type. on strategic counseling, rather than merely the more than 10 years of experience) who specialize constant touch with financial sources and the 10. A Team with a history of past successes in this product type. HUDSON COMMERCIAL PARTNERS, INC. transaction, in order to execute the best possible in their respective markets or product types. We investor community. Moreover, we understand and MISSION real estate strategies for our clients. This includes stay abreast of the most up-to-date, efficient and monitor the subtle shifts in the real estate cycle so 11 . A Team with the mix of experience, seniority, and youthful enthusiasm for the business. building strong relationships within the brokerage effective retail trends and market research in order that our clients’ goals can be met. 12. A Team with specializations; exclusive investment sale representation. Hudson Commercial Partners, Inc. of companies community overall. As a result, our clients are to achieve our clients’ goals. is dedicated to continuing its leadership role in assured of the broadest exposure possible. 13. A Team with a good working relationship with other brokers and the highest ethical and the commercial real estate market place. These SERVING THE TENANTS moral business practices and professionalism. companies provide comprehensive and quality INDUSTRIAL SERVICES 14. A Team with a wide breadth of market exposure so that no potential transaction is representation to clients locally and nationally in Our tenant representation experts can handle not a proactive and responsive manner integrating the Over the years, Hudson Commercial Partners, only local and regional assignments but also multi- overlooked. highest level of information, support, professionalism Inc. has earned a reputation as one of the leaders market projects. In order to better meet our tenants’ 15. A Team focused on cultivating long term relationships. and integrity. Our core philosophy of creating an in commercial real estate services in selected needs, we provide industry-leading research and organization of companies, each independently markets throughout the Southern California. The technology, including operational and competitive 16. Finally and most importantly, a Team with whom you would most like to work and can owned by active commercial real estate agents, now firm’s industrial transactional specialists offer a analysis, demographic, zoning and density studies unequivocally trust to get the job done. translates into the largest agent-owned commercial comprehensive range of services, such as facility, as well as tenant mix comparisons. We are proud real estate organization in America. site and land acquisition/disposition; advisory to offer key market identification, store placement

22 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 23 JAY MARTINEZ Managing Principal

818.212.3057 cell 818.688.8140 fax [email protected]

4605 Lankershim Blvd. Suite 214 Universal City, CA 91602

ELIZABETH CLARK Senior VicePresident

310.740.7283 cell 310.421.4184 fax [email protected]

150 S Rodeo Dr. Suite1100 Beverly Hills, CA 90210

24 1264 W 1ST ST | ECHO PARK, CA 90026 HUDSON COMMERCIAL PARTNERS, INC. 25 www.hudsonpartnersinc.com JAY MARTINEZ ELIZABETH CLARK Managing Principal Senior Vice President c: 310.658.3375 c: 310.740.7283 p: 818.212.3057 p: 310.525.3702 f: 818.688.8140 f: 310.421.4184 e: [email protected] e: [email protected] CalBRE: 01367663 CalBRE: 018112 4 6

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 and qualified © 2020 Hudson Commercial Partners, Inc. The information contained in this prospective purchasers. Hudson Commercial Partners, Inc. reserves the right to request the return of any or all of the information document has been obtained from sources believed reliable. While Hudson 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 818.212.3057 • www.hudsonpartnersinc.com