Pear Tree Plaza 2ND GENERATION RESTAURANT PAD SPACE COMING AVAILABLE FOR LEASE

16840 Vanowen St Van Nuys, CA 91406

PLEASE DO NOT DISTURB TENANT PROPERTY OVERVIEW 4,200 SF 2ND GENERATION RESTAURANT PAD SPACE OR POTENTIAL DRIVE-THRU OPPORTUNITY BALBOA BLVD ±32,000 VPD VANOWEN ST ±32,000 VPD SIGNALIZED INTERSECTION: Located on a busy, signalized

intersection (Vanowen/Balboa) which sees approximately FUTURE RETAIL 64,000 cars daily DEVELOPMENT SPACE

STRONG DEMOGRAPHICS: High-density area with a 3-mile

population of over 252,000 and nearly 89,000 households

with an average household income of over $85,000

SURROUNDING AREA: located on the opposite corner from 2 ND GENERATION RESTAURANT and Mulholland Middle School, which have a combined 4,400+ students SPACE FOR LEASE

PRIME LOCATION: Van Nuys is one of the densest and 4,200 SF fastest-growing cities in with projected growth of over 4% in 2022 $2.75 PSF NNN RENT

22 || 1684016860 VanowenVanowen StreetStreet SITE PLAN

VANOWEN ST

2 ND GEN RESTAURANT SPACE AVAILABLE

SUBJECT PROPERTY

NAP BALBOA BLVD

NAP

ARCHWOOD ST

Van Nuys, CA | 3 PRIME LOCATION

3 DISTANCE TO: 1 Mile 1

±0.25 MILES

BIRMINGHAM HIGH SCHOOL 3,250+ STUDENTS

MULHOLLAND MIDDLE SCHOOL SUBJECT 1,150+ STUDENTS PROPERTY

2

±0.75 MILES

METRO BALBOA STATION 22,500+ AVG DAILY RIDERSHIP 1

3 ±1.9 MILES

VAN NUYS AIRPORT 2 220,000+ ANNUAL TAKEOFFS/LANDINGS

ONE OF THE BUSIEST GENERAL AVIATION AIRPORTS IN THE WORLD

4 | 16840 Vanowen Street AREA OVERVIEW

Van Nuys, CA Van Nuys is one of the fastest growing cities in Los Angeles with a projected growth of over 4% in 2022. Boasting a population of more than 110,000 it is one of the densest cities in Los Angeles County and home to a large range of employers. Bordering other large cities such as Sherman Oaks, North , and Reseda it provides for ample employment, shopping, and dining opportunities.

The features a strong and well-diversified economy. The Valley is home to numerous large employers, including some 50,000 businesses employing over 700,000 workers, the most well-known of which are involved in motion pictures, recording, and television production and the medical and biotech industries. Among the top entertainment companies in the San Fernando Valley are Disney, Warner Brothers, NBC, and DreamWorks. Other important segments of the local economy include financial and health services as well as aerospace, biotech, and high-tech manufacturing, with BlueShield, Amgen, and Kaiser to name a few. Economic Snapshot

Van Nuys is located in Los Angeles County and part of the Los Angeles-Long Beach-Anaheim MSA, the 13th-most populated metropolitan area in the world and the second-largest MSA in the . The city of Van Nuys is a thriving community within central San Fernando Valley and convenient access to Interstate 405 or rail service allows for an easy commute to Demographics employment hubs throughout Los Angeles County. POPULATION 1 Mile 3 Mile 5 Mile 2022 Projection 20,809 254,937 681,123 • Valley Presbyterian Hospital is a 350-bed general medical and surgical hospital with more than 500 physicians, situated within 2017 Estimate 20,699 252,428 675,033 walking distance of the property. 2010 Census 20,009 240,047 643,315 • (VNY), located two miles northwest of the Growth 2010-2017 3.45% 5.16% 4.93% property, plays a crucial role in the Southern airport system and ranks as one of the world’s busiest general aviation HOUSEHOLD 1 Mile 3 Mile 5 Mile airports serving an estimated 320,000 passengers per year. 2022 Projection 7,416 92,328 238,822 With over 100 businesses located in the 730-acre airport, VNY has an economic impact of more than $2 billion annually to 2017 Estimate 7,163 88,916 230,172 the Southern California economy, supporting over 10,480 jobs directly and generating an earnings impact of $707 million. 2010 Census 6,803 82,969 215,283 • Located less than 20 minutes from the property, construction is Growth 2010-2017 5.30% 7.17% 6.92% progressing on NBC Universal’s $1.6 billion Evolution Plan at its INCOME 1 Mile 3 Mile 5 Mile 391-acre Universal City campus. This entire project will have an Average economic impact of $6.3 billion, supporting 31,000 construction $89,797 $85,741 $94,716 Household Income and production jobs, and create 12,000 new permanent Median Household positions. $65,141 $58,035 $62,295 Income • Warner Center, known as the “Downtown of the Valley,” is a regional center located 20 minutes west of the property. Warner Center contains a diverse mix of companies and industries with a concentration in healthcare, financial, and professional services. Approximately 40,000 employees work within the Warner Center area at major businesses including Health Net, Anthem Blue Cross, and Ajilon Finance.

6 | 16840 Vanowen Street CONFIDENTIALITY & DISCLAIMER STATEMENT

This Leasing Package contains select information pertaining to the business and affairs of 16840 Vanowen St Van Nuys, CA 91406 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Leasing Package may not be all-inclusive or contain all of the information a prospective lessee may desire. The information contained in this Leasing Package is confidential and furnished solely for the purpose of a review by a prospective lessee of the Property. The material is based in part upon information supplied by the Owner. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Leasing Package or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective lessees should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to lease the Property and to terminate discussions with any person or entity reviewing this Leasing Package or making an offer to lease the Property unless and until a lease has been fully executed and delivered. In no event shall a prospective lessee have any other claims against Owner or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing of the Property. This Leasing Package shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Leasing Package.

Van Nuys, CA | 7 Pear Tree Plaza PAD RETAIL SPACE AVAILABLE FOR LEASE 16840 Vanowen St Van Nuys, CA 91406

Exclusive Leasing Agents

CASEY MATTHEWS MICHAEL PAKRAVAN Associate - Leasing SVP & National Director - Leasing Direct (818) 923-6227 Direct (310) 919-5737 Mobile (818) 515-7409 Mobile (213) 219-3111 [email protected] [email protected] LIC# 02044976 (CA) LIC# 01706065 (CA)