DOWNEY, CA DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard INVESTMENT ADVISORS

SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

A 20,200 SQUARE FOOT FREESTANDING RETAIL BUILDING AVAILABLE FOR PURCHASE SIGNIFICANTLY BELOW REPLACEMENT COSTS IDEALLY SITUATED ON APPROXIMATELY ONE ACRE OF LAND IN A DENSE URBAN INFILL LOCATION ALONG A HIGH TRAFFIC RETAIL THOROUGHFARE IN DOWNEY, CA DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard INVESTMENT ADVISORS

BRANDON MICHAELS TEAM MEMBERS Senior Managing Director of Investments Sean Brandt Senior Director, National Retail Group Vaughn Brown Tel: (818) 212-2794 Ben Brownstein Fax: (818) 212-2710 Nicole Cottrell [email protected] Andrew Leff License: CA #01434685 Matthew Norona www.BrandonMichaelsGroup.com Steven Schechter Austin Sreden

BRANDON

MICHAELS 16830 Ventura Blvd. Suite 100, Encino, CA 91436 GROUP www.marcusmillichap.com SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance INVESTMENT ADVISORS with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to in- dicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the 1 2 3 unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, PROPERTY OVERVIEW COMPARABLES ANALYSIS AREA OVERVIEW accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.)

2 3 01 PROPERTY OVERVIEW DOWNEY CIVIC CENTER

FULTON WELLS

McDonald's FIRESTONE BLVD

WORKMAN

LOS AMIGOS GOLF COURSE 18 Hole Public PIH HEALTH DOWNEY Golf Course HOSPITAL

LAKEWOOD BLVD

DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard

DOWNEY • CA 6 7 DOWNTOWN LOS ANGELES

A 20,200 SQUARE FOOT FREESTANDING RETAIL BUILDING AVAILABLE FOR PURCHASE SIGNIFICANTLY BELOW REPLACEMENT COSTS IDEALLY SITUATED ON APPROXIMATELY ONE ACRE OF LAND IN A DENSE URBAN INFILL LOCATION

DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard ALONG A HIGH TRAFFIC RETAIL THOROUGHFARE IN DOWNEY, CA DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard

The Brandon Michaels Group of Marcus & Millichap is pleased to present for sale 9345 Firestone Boulevard, a 20,200 square foot freestanding retail building ideally situated on approximately 43,000 square feet of land in Downey, CA. This offering presents a unique opportunity to acquire almost an acre of land zoned DOC1 in a dense urban infill Los Angeles county location with a multitude of potential options. The subject property site within close proximity to the Interstate 605 San Gabriel Freeway amongst a sea of national retailers and dense single-family homes along Firestone Boulevard, a main retail thoroughfare that presents significant daily traffic counts north of 51,000 vehicles per day.

9435 Firestone Boulevard will be delivered vacant at the close of escrow. An owner-user Buyer can take advantage of historically low and attractive SBA financing FIRESTONE BLVD rates and occupy a portion or all the building immediate for their own business use. A value-add investor can take advantage of the excellent visibility and 152 feet of linear frontage along Firestone Boulevard and re-position the existing building, taking advantage of the low price per square foot and acquire this asset well below replacement costs. A developer can acquire approximately one acre of land in a dense, infill LA location and re-position the property to a myriad of potential uses.

9345 Firestone Boulevard is centrally located within the main retail district of Downey, a charming and historically rich pocket within close proximity to multiple national retailers and credit tenants, restaurants and upscale residential homes. Nearby shopping centers include The Promenade at Downey and the Stonewood Shopping Mall. The Promenade at Downey is within 2 Miles of the subject property and is home to retailers such as Starbucks, Chili’s, Chipotle, Panera Bread, Old Navy, Party City, Marshalls, Michaels, Best Buy, Walmart, Staples, Bed Bath & Beyond. Less than a mile from the subject property is the Stonewood Shopping Mall, EXECUTIVE SUMMARY a 939,000 square foot retail center that features national credit tenants such as Kohl’s, Macy’s, H&M, Rock & Brews, Buffalo Wild Wings, BJ's Brewhouse Restaurant and more. Other tenants in the immediate area include Raising Cane’s, Chick Filet, McDonald’s, Bank of America, In-N-Out Burger, Walmart, Dunkin Donuts, Ralphs, Dollar Tree, Chase Bank and El Pollo Loco. The subject property is less than a mile from the PIH Health Downey Hospital.

8 9 McDonald's DOWNEY IS A HIGH-GROWTH URBAN INFILL LOS ANGELES COUNTY SUB-MARKET THAT BENEFITS FROM DENSE IMMEDIATE POPULATION, HIGH DAILY TRAFFIC COUNTS, AND STRONG IMMEDIATE DEMOGRAPHICS THAT POSITION THE IMMEDIATE SUB-MARKET TO ATTRACT A PLETHORA OF DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard NATIONAL TENANTS AND STRONG LOCAL OPERATORS FIRESTONE BLVD

DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard Downey is a city located in southeast Los Angeles County, California, United States, 13 mi southeast of downtown Los Angeles. It is considered part of the Gateway Cities. The city is the birthplace of the Apollo space program. It is also the home of the oldest still operational McDonald's restaurant in the world.

Households in Downey, CA have a median annual income of $68,162, which is more than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $65,332 in 2016, which represents a 4.33% annual growth. The largest share of households have an income in the $75k-100k range. 9345 Firestone is located in Census Tract 5510 which in 2017 reported a median household income of $78,237. This would rank as the fourth highest Median Household income in Downey, the place with the highest Median Household Income (Total) in Downey, CA was Census Tract 5505 (directly adjacent to Census Tract 5510) with a value of $98,007. From 2016 to 2017, employment in Downey, CA grew at a rate of 1.17%, from 54.3k employees to 54.9k employees. The most common employment sectors for those who live in Downey, CA, are Health Care & Social Assistance (7,232 people), Manufacturing (7,011 people), and Retail Trade (6,641 people). This dense immediate sub-market benefits from over 22,000 people within one mile of the subject property, over 258,000 people within three miles of the subject property, and over 700,000 people within five miles of the subject property. The median single family home value is $648,433 within one mile of the subject property. The average income within one mile of the subject property is north of $94,000, adding to the strength of the LOCATION OVERVIEW location and the surrounding sub-market.

10 11 A 20,200 SF BUILDING SIGNIFICANTLY BELOW REPLACEMENT COSTS EXCELLENT DOWNEY LOCATION

• Existing 20,200 square foot building available significantly • 165 feet of linear frontage with excellent visibility along below replacement costs presents unique value-add Firestone Boulevard, the main retail thoroughfare through opportunity Downey • 43,000 square feet of land zoned DOC1 creates the potential for • Strong daily traffic counts along Firestone Boulevard north of

DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard a covered land opportunity or re-development of the site 51,000 vehicles per day • Building will be delivered vacant at the close of escrow • Dense retail corridor home to a strong tenant mix with national and local tenants that ideally serve the dense immediate • Multitude of Potential Options with the site population • An Owner-User Buyer can take advantage of historically low • Excellent access to the 605, 105, and 5 freeways SBA financing options and occupy a portion or all of all the existing structure • Centralized Los Angeles County location within close proximity to downtown Los Angeles, all major freeways, and Los Angeles International Airport

IDEALLY LOCATED AMONGST A SEA OF DENSE INFILL LOS ANGELES COUNTY SUB- NATIONAL RETAILERS AND CREDIT TENANTS MARKET WITH STRONG DEMOGRAPHICS FIRESTONE BLVD

• Located adjacent to Stonewood Shopping Mall and amongst a • Over 22,000 people within one mile of the subject property and sea of local and national retailers over 258,000 people within three miles • Surrounding tenants include Starbucks, Chili’s, Chipotle, Panera • Average income north of $94,000 within one mile of the subject Bread, Old Navy, Party City, Marshalls, Michaels, Best Buy, property Walmart, Staples, Bed Bath & Beyond, Kohl’s, Macy’s, H&M, • Median income north of $73,000 Rock & Brews, Buffalo Wild Wings, BJ's Brewhouse Restaurant, INVESTMENT HIGHLIGHTS Raising Cane’s, Chick Filet, McDonald’s, Bank of America, In-N- • Strong job growth in the immediate area Out Burger, Walmart, Dunkin Donuts, Ralphs, Dollar Tree, Chase • Dense single-family homes surround the subject property with Bank and El Pollo Loco a median home value of $648,433 • Less than a mile from the PIH Health Downey Hospital

12 13 20,200 SF 43,000 SF DOC1 BUILDING SF LAND SF ZONING

PROPERTY INFORMATION

9435 Firestone Boulevard ADDRESS: Downey, CA 90241

PRICE: $3,400,000

BUILDING SF: 20,200 SF *

LAND SF: 43,000 SF **

PRICE/SF (BUILDING): $168

PRICE/SF (LAND): $79

CURRENT OCCUPANCY: Vacant

PARKING: 32 Surface Spaces Available SUMMARY OF TERMS

YEAR BUILT: 1966 Interest Offered: 100% fee simple interest in 9435 Firestone Boulevard, a 20,200 SF retail building APN NUMBER: 6286-025-020; 6286-025-032 located on approximately 43,000 SF of land in Downey, CA 90241.

ZONING: DOC1 Terms of the Sale: Property is being offered on a free and clear basis. * There is an additional 1,936 square foot mezzanine which is not included in the total building square footage. Property Tours: PROPERTY HIGHLIGHTS Prospective purchases are encouraged to visit the site and review all due ** The land square footage per the county accessor is smaller that 43,000 square diligence materials prior to submitting offers. Access to an online due diligence is feet. The Buyer is required to complete their own due diligence to confirm the overall land square footage. available portal. All property tours must be coordinated through the listing team.

14 15 32 Vacant 51,730 PARKING SPACES CURRENT OCCUPANCY DAILY TRAFFIC COUNTS

SITE

The subject property is located along Firestone Boulevard between Pangborn Avenue and Woodruff Avenue.

SQUARE FOOTAGES

The total building square footage is 20,200 SF. The total land square footage is 43,000 SF.

PARKING

32 surface parking spaces are available. The parking ratio is 1.58 per 1,000 SF. PROPERTY HIGHLIGHTS DAILY TRAFFIC COUNTS

The traffic counts at the intersection of Firestone Boulevard and Woodruff Avenue are 51,730 vehicles per day.

ZONING/APN NUMBERS

The zoning is DOC1. PROPERTY DETAILS The APN numbers are 6286-025-020 and 6286-025-032.

16 17 02 COMPARABLES ANALYSIS SALES COMPARABLES

9435 Firestone Blvd PRICE/SF PRICE/SF 6 ADDRESS PRICE BUILDING SF LAND SF ZONING (BLDG) (LAND) 1 6 1 10902 Downey Ave

2 3 10902 Downey Ave 2 8124-8140 Firestone Blvd 1 $1,400,000 5,263 $266.01 9,866 $141.90 08/12/2019 Downey, CA 90241 4 5 3 8206 Firestone Blvd

4 8300-8316 Firestone Blvd 8124-8140 Firestone Blvd

2 $3,205,500 17,945 $178.63 51,836 $61.84 08/19/2019 90241 CA DOWNEY, Downey, CA 90241 Firestone Boulevard 5 8321-8327 Firestone Blvd

6 10415-10417 Lakewood Blvd

8206 Firestone Blvd 3 $4,230,000 9,300 $454.84 23,335 $181.27 08/31/2018 Downey, CA 90241

SALES COMPARABLES | PRICE/SF 8300-8316 Firestone Blvd 4 $4,200,000 13,000 $323.08 20,473 $205.15 06/25/2018 Downey, CA 90241 $283 AVG PRICE/SF (BUILDING)

8321-8327 Firestone Blvd 5 $1,550,000 7,900 $196.20 10,019 $154.71 10/10/2018 Downey, CA 90241

10415-10417 Lakewood Blvd 6 $2,250,000 8,000 $281.25 19,876 $113.20 07/31/2019 $143 Downey, CA 90241 AVG PRICE/SF (LAND)

AVERAGE $2,805,917 10,235 $283.34 22,568 $143.01 -

20 21 RENT COMPARABLES

9435 Firestone Blvd 7 ADDRESS RENTABLE SF SF LEASED RENT/SF/MON RENT/SF/YR LEASE TYPE LEASE START 1 10710-10716 Firestone Blvd

10710-10716 Firestone Blvd 1 25,763 2,080 $2.75 $33.00 NNN Nov 2019 2 11837-11915 Lakewood Blvd Norwalk, CA 90650 DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard 5 3 9447-9557 Firestone Blvd

11837-11915 Lakewood Blvd 3 4 9462-9510 Firestone Blvd 2 13,960 1,600 $3.50 $42.00 NNN Aug 2019 Downey, CA 90241 6 4 5 8610-8626 Firestone Blvd 2 6 9418-9430 Firestone Blvd 9447-9557 Firestone Blvd 3 19,000 3,500 $1.35 $16.20 NNN Jul 2019 1 Downey, CA 90241 7 10317-10407 Lakewood Blvd

9462-9510 Firestone Blvd 4 17,549 675 $2.00 $24.00 NNN Mar 2019 RENT COMPARABLES | RENT/SF/MONTH Downey, CA 90241

8610-8626 Firestone Blvd $2.14 5 57,940 2,500 $1.50 $18.00 NNN Nov 2019 AVG RENT/SF/MONTH Downey, CA 90241

9418-9430 Firestone Blvd 6 7,718 1,800 $2.25 $27.00 NNN Aug 2018 Downey, CA 90241 $25.67 AVG RENT/SF/YEAR 10317-10407 Lakewood Blvd 7 29,639 1,200 $2.00 $24.00 NNN Dec 2018 Downey, CA 90241

AVERAGE 25,151 1,819 $2.14 $25.67 - -

22 23 03 AREA OVERVIEW DOWNEY, CA

Downey is a city located in southeast Los Angeles County, California, Points of Interests: United States, 13 mi (21 km) southeast of downtown Los Angeles. It is considered part of the Gateway Cities. The city is the birthplace of the COLUMBIA MEMORIAL SPACE Apollo space program. It is also the home of the oldest still operational CENTER McDonald’s restaurant in the world. As of the 2010 census, the city The Columbia Memorial Space Center had a total population of 111,779. In 2017, the City of Downey was (CMSC) is a science museum owned and recognized as L.A. County’s “Most Business-Friendly City” by the Los operated by the City of Downey, California. Angeles County Economic Development Corporation for cities with a Located on 12400 Columbia Way in Downey, it is open to the general public population greater than 68,000. as hands-on space museum and activity center in the Los Angeles area. According to the United States Census Bureau, the city has a total area GOLF N' STUFF of 12.6 square miles. 12.4 square miles of it is land and 0.2 square miles of it is water. The cities of South Gate and Bell Gardens are adjacent Boasting an 18-hole mini-golf course, this to the west and northwest, Pico Rivera lies to the northeast, Santa Fe amusement park also offers an arcade, go-karts & rides. For over 40 years, Golf Springs and Norwalk to the east, and Paramount and Bellflower are to N' Stuff has been providing quality family the south. entertainment for all ages. All amusement parks feature unique miniature golf courses, go-karts, and bumper boats. The city can be conveniently reached by any of four freeways: Interstate 105 with its Metro rail line passes through the southern part of the city, PROMENADE AT DOWNEY Interstate 5 passes through the northern part, Interstate 605 passes Promenade at Downey is Downey’s along the eastern side, and Interstate 710 passes just west of the city. community gathering spot and tourist destination, merging retail, dining, and Los Angeles County Metropolitan Transportation Authority (Metro) entertainment with a one-of-a-kind walk through history. Reading stations and in- provides bus services to the city, and is served by the Lakewood ground medallions representing space Boulevard station of the Green Line (Los Angeles Metro). The city also missions and blockbuster films tell the story of Downey’s contributions to air/space operates a local bus service called DowneyLINK. exploration and eye-popping movie making. Distance to: APOLLO BOILERPLATE 12 • Compton - 7 .7 Miles • Downtown Los Angeles - The Apollo Boilerplate 12 with mission A-001 • Bellflower - 4.6 Miles 12 Miles test flight is now at former NASA Facility, Downey, CA to test the LES transonic abort AREA OVERVIEW • South Gate - 5.6 Miles • Inglewood - 16 Miles flight performance at White Sands Missile • Huntington Park - 6.6 Miles • Whittier - 10 Miles Range. It was moved into its display area in front of the Columbia Memorial Space • Montebello - 6.9 Miles Center in Downey, California.

26 27 DEMOGRAPHICS DEMOGRAPHICS 1 MILE 3 MILES 5 MILES 2020 Total Population: 22,980 259,232 702,056 Population Growth 2020-2025 (0.34%) (0.15%) (0.24%) 113,358 0.119% Average Age: 35.80 36.60 35.80 POPULATION ANNUAL POPULATION GROWTH 2020 Total Households: 6,928 74,097 188,923 $86,476 $58,060 Avg Household Size: 3.30 3.40 3.70 AVERAGE HH INCOME MEDIAN HH INCOME WITHIN 3-M RADIUS WITHIN 3-M RADIUS EDUCATION 2020 Owner Occupied Households: 3,134 41,248 98,504 2020 Renter Occupied Households: 3,794 32,849 90,419

2020 Median Household Income $73,496 $70,402 $64,398 2020 Average Household Income $94,068 $86,558 $79,374 2020 HOUSEHOLDS BY HOUSEHOLD INCOME <$25,000 828 9,859 30,531 117,039 361,554 17% 21% 18% 9% $25,000 - $50,000 1,259 14,985 42,360 BACHELOR’S DEGREE OWNER OCCUPIED HOUSEHOLDS RENTER OCCUPIED HOUSEHOLDS HIGH SCHOOL GRADUATE SOME COLLEGE OR ASSOCIATES DEGREE MASTER’S DEGREE OR HIGHER $50,000 - $75,000 1,465 15,003 37,941 WITHIN 5-M RADIUS WITHIN 5-M RADIUS $75,000 - $100,000 1,243 11,754 28,029 $100,000 - $125,000 724 8,338 19,672 $125,000 - $150,000 298 5,220 11,694 $150,000 - $200,000 552 5,118 11,030 $200,000+ 559 3,819 7,665 $150,000 - $199,999 1.2% 3.4% 4.0% 1,217,932 62,227 $200,000 - $249,999 0.6% 1.0% 1.4% POPULATION WITHIN 5-M RADIUS BUSINESSES WITHIN A 5-M RADIUS $250,000 + 1.0% 1.8% 2.4%

28 29 SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

BRANDON MICHAELS TEAM MEMBERS Senior Managing Director of Investments Sean Brandt Senior Director, National Retail Group Vaughn Brown Tel: (818) 212-2794 Ben Brownstein Fax: (818) 212-2710 Nicole Cottrell [email protected] Andrew Leff License: CA #01434685 Matthew Norona DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard www.BrandonMichaelsGroup.com Steven Schechter Austin Sreden