DOCSLIB.ORG

A 2,021 Sf Medical Office Building Ideally Located

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
A 2,021 Sf Medical Office Building Ideally Located SOUTHERN CALIFORNIA'S PREMIER SALES TEAM A 2,021 SF MEDICAL OFFICE BUILDING IDEALLY LOCATED ALONG GLENOAKS BOULEVARD IN THE HIGHLY DESIRABLE SUB-MARKET OF BURBANK, CA INVESTMENT ADVISORS BRANDON MICHAELS BRETT SANSON TEAM MEMBERS Senior Managing Director of Investments First Vice President Investments Matthew Norona Senior Director, National Retail Group Director, National Multi Housing Group Marcus & Millichap Vaughn Brown Tel: (818) 212-2794 16830 Ventura Boulevard, Suite 100 Ben Brownstein Fax: (818) 212-2710 Encino, CA 91436 Nicole Cottrell [email protected] Direct: (818) 212-2785 Main: (818) 212-2700 Andrew Leff TABLE OF CONTENTS License: CA #01434685 Mobile: (310) 435-8576 Fax: (818) 212-2710 Steven Schechter www.BrandonMichaelsGroup.com [email protected] Austin Sreden License: CA: 01387480 Sean Brandt PROPERTY OVERVIEW Website Instagram 01 www.brandonmichaelsgroup.com @brandonmichaelsgroup 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 FINANCIAL ANALYSIS 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 with State and Federal regulations, the 02 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 COMPARABLES ANALYSIS presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corpora- tion of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely 03 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. AREA OVERVIEW 04 SOUTHERN CALIFORNIA'S PREMIER SALES TEAM 01 PROPERTY OVERVIEW 5 SYLMAR A 2,021 SF MEDICAL OFFICE BUILDING IDEALLY LOCATED ALONG GLENOAKS BOULEVARD IN THE HIGHLY DESIRABLE SUB-MARKET OF BURBANK, CA The Brandon Michaels Group of Marcus & Millichap is pleased to present for sale a medical office building located at 2020 North Glenoaks Boulevard located in Burbank, California. The subject property is a 2,021 square foot medical office building situated on 2,728 square feet of land strategically situated along Glenoaks Boulevard, a main thoroughfare through the highly desirable Los Angeles County submarket of Burbank, CA. The subject property benefits from an excellent, amenity rich location surrounded by national retailers, restaurants, entertainment, single-family residences, and along a Bus Line. The subject property is within close proximity to the Interstate 5 Golden State Freeway and the Bob Hope Hollywood Burbank Airport (approximately 2.6 miles away). 2020 North Glenoaks is ideal for an Owner-User buyer looking to occupy the existing medical space. The current tenant is on a month to month lease, making this an ideal opportunity for a value-add investor looking to acquire a medical building with significant upside in rents in the heart of Burbank, CA. N. 5TH STREET 2020 North Glenoaks Boulevard is a fully built out medical office building with two medical rooms, offices, reception, and patient waiting area. The subject property N GLENOAKS BLVD has been a medical office for over 30 years. The property has three surface parking spaces behind the property and plenty of street parking available surrounding SCOTT ROAD the building. The subject property has a 74 Walk Score, making this a very walkable location. Burbank is served by six major freeways and home to the Bob Hope Airport (Hollywood Burbank Airport), which flies 5.2 million passengers annually. Additionally, the subject property benefits from proximity to Downtown Burbank which includes the newly renovated Burbank Town Center. Anchored by Macy’s, Barnes & Noble and two AMC theaters (top five grossing in the country), the center offers over 140 specialty retailers and restaurants. Significant growth is projected in the form of new commercial and residential development and significant job growth, which is anticipated to migrate north and have a significant positive impact on surrounding communities. 6 | 2020 N. GLENOAKS BLVD | BURBANK, CA 91504 $569 PRICE/SF (BUILDING) $422 PRICE/SF(LAND) PROPERTY INFORMATION PRICE: $1,150,000 5.09% BUILDING SF: 2,021 SF PRO FORMA CAP RATE LAND SF: 2,727 SF PROPERTY HIGHLIGHTS PROPERTY PRICE/SF (BUILDING): $569 PRICE/SF (LAND): $422 CURRENT CAP RATE: 1.89% PRO FORMA CAP RATE: 5.09% PARKING: 3 Free Surface Spaces Available APN NUMBER: 2472-016-002 ZONING: BUC3* 9 8 | 2020 N. GLENOAKS BLVD | BURBANK, CA 91504 PROPERTY HIGHLIGHTS PROPERTY STRONG IMMEDIATE TRADE AREA CREATES A UNIQUE VALUE-ADD OR OWNER-USER EXCELLENT BURBANK, CA LOCATION MEDICAL OFFICE BUILDING SURROUNDED BY A MIX OF OFFICE BUILDINGS BUSINESS FRIENDLY ENVIRONMENT OPPORTUNITY • Close Proximity to Burbank Airport, the Interstate 5 Golden • Elevator Served • Secure Cash Flow With Established Tenant • Current tenant is month-to-month State Freeway, Downtown Burbank, and the Entertainment Property is Well-Maintained alongside other businesses • Burbank is a well-managed city home to several large • Excellent Burbank location District of Burbank • companies 3 surface parking spaces available • Ideal for Owner/User Medical Buyer • 74/100 Walk Score – Very Walkable Location • • Strong Demographics, amenity rich environment surrounded by • Situated along a Bus Line • 2,021 square feet building master planned communities Average household income of $86,768 • Excellent Visibility along Glenoaks Boulevard, a main • PROPERTY HIGHLIGHTS PROPERTY thoroughfare through Burbank 11 10 | 2020 N. GLENOAKS BLVD | BURBANK, CA 91504 PROPERTY DETAILS PROPERTY SITE SQUARE FOOTAGES PARKING The total building square footage is 3 free surface parking spaces are The subject property is located near the 2,021 SF. The total land square footage available. intersection of Scott Road and Glenoaks is 2,727 SF. Blvd. N GLENOAKS BLVD APN NUMBERS TRAFFIC COUNTS ZONING SCOTT ROAD ROAD SCOTT SCOTT 2472-016-002 The traffic counts along N Glenoaks The property is zoned BUC3*. Blvd and Cambridge Dr are 1,095 vehicles per day. 12 | 2020 N. GLENOAKS BLVD | BURBANK, CA 91504 02 FINANCIAL ANALYSIS RENT ROLL PRICING LEASE PRO FORMA PRO FORMA TENANT SF SF % RENT RENT/SF EXP RENT RENT/SF Dr. Ossia 2,021 100% 11/30/2020 $3,500.00 $1.73 $6,568.25 $3.25 PRICE: $1,150,000 TOTAL 2,021 100% - $3,500.00 $1.73 $6,568.25 $3.25 BUILDING SF: 2,021 SF LAND SF: 2,727 SF PRICE/SF (BUILDING): $569 PRICE/SF (LAND): $422 FINANCIAL ANALYSIS FINANCIAL OPERATING DATA CURRENT CAP RATE: 1.89% CURRENT EXPENSES* PER YEAR PER SF PRO FORMA CAP RATE: 5.09% Scheduled Lease Income $42,000 Taxes @1.25% $14,375 $7.11 NNN Charges - Insurance $505 $0.25 Effective Gross Income $42,000 Utilities $2,526 $1.25 Expenses $20,256 Trash $323 $0.16 Net Operating Income $21,744 Janitorial $1,516 $0.75 Repairs & Maintenance $1,011 $0.5 TOTAL $20,256 $10.02 /$0.84 *Projected expenses based on industry averages 16 | 2020 N. GLENOAKS BLVD | BURBANK, CA 91504 2020 GLENOAKS BLVD | BURBANK, CA 91504 | 17 03 COMPARABLES ANALYSIS BUILDING PRICE/SF PRICE/SF ADDRESS PRICE LAND SF ZONING SALES DATE SF (BLDG) (LAND) 2020 Glenoaks Blvd 1 3210 W Burbank Blvd 3210 W Burbank Blvd 1 $1,685,000 4,000 $421.25 5,449 $309.21 C3 4/7/2019 Burbank, CA 91505 2 3212-3214 W Burbank Blvd 3 3216 W Burbank Blvd 3212-3214 W Burbank Blvd 2 $1,400,000 2,900 $482.76 5,428 $257.94 C3 4/1/2019 Burbank, CA 91505 4 1901-1903 W Magnolia Blvd 9 5 2000 W Magnolia Blvd 3 3216 W Burbank Blvd 3 $950,000 2,250 $422.22 2,614 $363.48 C3 8/31/2018 2 8 6 1150 W Olive Ave Burbank, CA 91505 4 1 5 7 1411 W Olive Ave 6 1901-1903 W Magnolia Blvd 7 4 $3,000,000 7,634 $392.98 7,035 $426.44 BUC3YY 4/9/2019 8 325 N Victory Blvd Burbank, CA 91506 9 919-923 N Victory Blvd SALES COMPARABLES 2000 W Magnolia Blvd 5 $3,175,000 8,664 $366.46 6,900 $460.15 BUC3YY 6/25/2019 Burbank, CA 91506 SALES COMPARABLES | PRICE/SF 1150 W Olive Ave 6 $2,300,000 5,641 $407.73 12,262 $187.57 BUC2* 7/3/2019 Burbank, CA 91506 1411 W Olive Ave 7 $2,450,000 5,612 $436.56 10,890 $224.98 BUC2YY 12/31/2018 Burbank, CA 91506 $464 AVG PRICE/SF (BUILDING) 325 N Victory Blvd 8 $880,000 1,050 $838.10 3,010 $292.36 C4 12/4/2018 Burbank, CA 91502 919-923 N Victory Blvd 9 $3,265,000 8,000 $408.13 13,504 $241.79 CH* 8/31/2018 Burbank, CA 91502 5,083 AVG SF (BUILDING) AVERAGE $2,122,778 5,083 $464.02 7,455 $307.10 - - 20 | 2020 N.
Load more

Recommended publications
  • Non-Toxic Drycleaner List
    South Coast Air Quality Management District 21865 Copley Drive, Diamond Bar, CA 91765-4182 (909) 396-2000 www.aqmd.gov Store Name Business address Business city Business zip Equipment type Los Angeles Tic Toc Cleaners 5735 Kanan Road Agoura 91301- Hydrocarbon Jim Dandy Cleaners 28708 Roadside Dr., Suite I Agoura Hills 91301- Hydrocarbon Agoura Cleaners 5009 Kanan Rd. Agoura Hills 91301- Hydrocarbon Galaxy Cleaners 5855 Kanan Road Agoura Hills 91301- Hydrocarbon Dryclean Express Cleaners 1028 East Valley Boulevard Alhambra 91801- Hydrocarbon Buckboard Cleaners 1465 East Valley Boulevard Alhambra 91801- Wet Clean Hill Top Cleaners 151 E. Foothill Blvd. Arcadia 91006- Hydrocarbon Swiss Cleaners 9065 Woodman Avenue Arleta 91331- Hydrocarbon Fulton Cleaners 9081 Woodman Ave Arleta 91331- Hydrocarbon Value Cleaners 11414-B Artesia Boulevard Artesia 90701- Hydrocarbon Ajay Cleaners 11831 Artesia Boulevard Artesia 90701- Hydrocarbon Rosedale Cleaners 1173A East Alosta Avenue Azusa 91702- Wet Clean Quality Cleaners 4077 East Gage Avenue Bell 90201- Hydrocarbon V+M Cleaners 6200 South Eastern Avenue, #H Bell Gardens 90201- Hydrocarbon Dick's Cleaners 6536 Eastern Avenue Bell Gardens 90201- Hydrocarbon Express Cleaners 17210 Lakewood Blvd Bellflower 90706- Hydrocarbon Non Pareil Cleaners 8624 Wilshire Boulevard Beverly Hills 90211- CO2 Best Quality Cleaners 9115 West Olympic Blvd. Beverly Hills 90212- Hydrocarbon Brentwood Village Cleaners 11722 Barrington Court Brentwood 90049- Hydrocarbon 1212 North San Fernando REX 1 hr Cleaners Boulevard, #E Burbank 91504- Hydrocarbon Evergreen Cleaners 2436 West Victory Boulevard Burbank 91505- Hydrocarbon Allen's Dry Cleaning 321 East Alameda, #F Burbank 91502- Hydrocarbon * Please note that this is a list of professional cleaners in the region that use non-perchloroethylene alternative technologies.
    [Show full text]
  • 1981 Caltrans Inventory of Pacific Electric Routes
    1981 Inventory of PACIFIC ELECTRIC ROUTES I J..,. I ~ " HE 5428 . red by I58 ANGELES - DISTRICT 7 - PUBLIC TRANSPORTATION BRANCH rI P37 c.2 " ' archive 1981 INVENTORY OF PACIFIC ELECTRIC ROUTES • PREPARED BY CALIFORNIA DEPARTMENT OF TRANSPORTATION (CALTRANS) DISTRICT 07 PUBLIC TRANSPORTATION BRANCH FEBRUARY 1982 • TABLE OF CONTENTS PAGE I. EXECUTIVE SUMMARY 1 Pacific Electric Railway Company Map 3a Inventory Map 3b II. NQR'I'HIRN AND EASTERN DISTRICTS 4 A. San Bernardino Line 6 B. Monrovia-Glendora Line 14 C. Alhambra-San Gabriel Line 19 D. Pasadena Short Line 21 E. Pasadena Oak Knoll Line 23 F. Sierra Madre Line 25 G. South Pasadena Line 27 H. North Lake Avenue Line 30 10 North Fair Oaks Avenue Line 31 J. East Colorado Street Line 32 K. Pomona-Upland Line 34 L. San Bernardino-Riverside Line 36 M. Riverside-Corona Line 41 III. WESTERN DISTRICT 45 A. Glendale-Burbank Line 47 B. Hollywood Line Segment via Hill Street 52 C. South Hollywood-Sherman Line 55 D. Subway Hollywood Line 58 i TABLE OF CONTENTS (Contd. ) -PAGE III. WESTERN DISTRICT (Conta. ) E. San Fernando valley Line 61 F. Hollywood-Venice Line 68 o. Venice Short Line 71 H. Santa Monica via Sawtelle Line 76 I. westgate Line 80 J. Santa Monica Air Line 84 K. Soldier's Home Branch Line 93 L. Redondo Beach-Del Rey Line 96 M. Inglewood Line 102 IV. SOUTHIRN DISTRICT 106 A. Long Beach Line 108 B. American Avenue-North Long Beach Line 116 c. Newport-Balboa Line 118 D. E1 Segundo Line 123 E. San Pedro via Dominguez Line 129 F.
    [Show full text]
  • Bicycle Master Plan
    CITY OF BURBANK BICYCLE MASTER PLAN ADOPTED DECEMBER 15, 2009 By a Resolution (Resolution number: 28-046) of the Council of the City of Burbank, this document was adopted and certified as being in compliance with the State of California Streets and Highways Code Section 891.2 on December 15, 2009. This page has been intentionally left blank DECEMBER 2009 TABLE OF CONTENTS TABLE OF CONTENTS Preface | Bicycle Transportation Account Requirements .......................... ii Chapter 1.0 | Introduction ............................................................................. 1 1.1 Community Profile ............................................................................................................. 1 Chapter 2.0 | Goals and Objectives ................................................................. 2 2.1 Goals ................................................................................................................................... 2 2.2 Policies ............................................................................................................................... 2 2.3 Objectives ........................................................................................................................... 3 Chapter 3.0 | Bikeway Types ........................................................................... 6 3.1 Standard Bikeway Classifications ....................................................................................... 6 3.2 Non-Standard Bikeway Classifications ..............................................................................
    [Show full text]
  • Draft--- Attachment A
    ---DRAFT--- ATTACHMENT A PROPOSED METRO SAN FERNANDO VALLEY MAJOR SERVICE CHANGES TO BE IMPLEMENTED IN DECEMBER 2006 OR LATER LINE LINE NAME SUMMARY OF PROPOSED SERVICE CHANGE 91 L.A.-Sunland-Sylmar via Cancel La Crescenta Avenue-Honolulu Avenue segment in Montrose and operate all La Crescenta Avenue trips as Line 90 via Pennsylvania Avenue-Montrose Avenue (Branch Route of Line 90) 94/394 L.A.-San Fernando Operate as two separate lines: Line 94A via regular route from Olive View Medical Local/Limited Center to Sun Valley, then via Lankershim Boulevard to North Hollywood Station (see Line 166) and Line 94B via regular route from Sun Valley and to Downtown Los Angeles; Cancel Line 394 and reallocate resources to proposed new Line 766. Alternate Proposal: Restructure Line 394 to provide new limited stop service on proposed Line 94A and implement new Line 794. (See Lines 766 and 794.) 152 Fallbrook Avenue-Roscoe Operate as two separate lines; Line 152A via regular route from Woodland Hills to North Boulevard-Vineland Hollywood Station and Line 152B via regular route from North Hollywood Station to New 153 Avenue-Burbank downtown Burbank. Reroute Line 152A segment between Tuxford Street and Sunland Boulevard from Glenoaks Boulevard to San Fernando Road and operate as branch Line 153. 156 Owl Panorama City-North Operate Line 156 owl service as a separate line and renumber as Line 356. (Renumber Hollywood-Hollywood to 356) 158 Devonshire Street-Arleta Shorten western terminal at Chatsworth Transportation Center. Avenue-Woodman Avenue 166 Nordhoff Street- Shorten line in Sun Valley at Glenoaks Boulevard and Branford Street and convert Lankershim Boulevard selected trips to provide proposed new Line 366 limited stop service along same New alignment; Cancel Sun Valley to North Hollywood Station segment and replace 366 Lankershim Boulevard segment with proposed Line 94A and new Line 766 between LINE LINE NAME SUMMARY OF PROPOSED SERVICE CHANGE Sylmar and North Hollywood Station or alternate proposal for new Line 394.
    [Show full text]
  • TOTAL $10,316,020,552 34,802 431 N La Cienega Los Angeles 90048 2600-2610 S
    With Over 100 Years of Experience, Team Lustig-Bower has Handled Over $10 Billion in Multi-Family Land and Apartment Buildings in the Past 15 Years Alone EXISTING/ PROPERTY ADDRESS CITY PRICE PLANNED UNITS TOTAL $10,316,020,552 34,802 431 N La Cienega Los Angeles 90048 2600-2610 S. Roberston Boulevard Los Angeles 90034 $8,250,000 N/A 14320 Addison Street Sherman Oaks 91423 $19,200,000 56 8601 Glenoaks Boulevard (2020) Sun Valley 91352 $26,200,000 82 5350-5370 Wilshire Boulevard Los Angeles 90036 Confidential N/A 535 S. Kingsley Drive Los Angeles 90020 $34,600,000 72 514 N. Hayworth Avenue Los Angeles 90048 $3,995,000 10 11305 Santa Monica Boulevard Los Angeles 90025 Confidential N/A 464 E. Walnut Street Pasadena 91101 Confidential N/A 2511-2517 W. Sunset Boulevard Los Angeles 90026 Confidential N/A 700 Locust Street Pasadena 91101 $19,350,000 69 21161 Victory Boulevard Canoga Park 91303 Confidential N/A 383 N. Main Street Pomona 91768 Confidential N/A 415, 441, 499 N. Garey Ave. & 109 W. Center St. Pomona 91768 Confidential 140 221 W. Holt Avenue Pomona 91768 Confidential 110 2707 & 2715 Pamoa Road Honolulu 96822 Confidential N/A 7441-7449 Sunset Blvd & 1502-1512 Gardner St Hollywood 90046 Confidential N/A 3731-3761 Stocker Street Los Angeles 90008 $35,000,000 N/A 6036 Variel Avenue Woodland Hills 91367 Confidential N/A 18427 Studebaker Road Cerritos 90703 $48,600,000 150 959 E. Stadium Way Los Angeles 90012 Confidential N/A 125-129 S. Linden Drive Beverly Hills 90212 Confidential N/A 9958-9964 Durant Drive Beverly Hills 90212 Confidential N/A 2033-2101 Virginia Avenue Santa Monica 90404 $13,700,000 40 2225 W.
    [Show full text]
  • Eastward View of Polk Street Near Laurel Canyon Boulevard Looking Toward the San Gabriel Mountains
    Eastward view of Polk Street near Laurel Canyon Boulevard looking toward the San Gabriel Mountains. Sylmar Community Plan Chapter 4 Mobility Mobility hether walking, riding a bike or a horse, taking public transit or driving Mobility and a car, community members need to find efficient, safe and enjoyable Wmodes of transportation to reach their destinations. “Mobility” is the Public Health ability to quickly, comfortably travel within the community and region using Physical inactivity is increasingly one or several modes of transportation. One’s mobility is enhanced if a range of recognized as a public health practical and affordable travel options are available. problem due to the associated The Sylmar Community Plan recognizes that land use and mobility goals and increases in obesity, diabetes, policies are interdependent. Mobility objectives cannot be achieved without the cancer, stroke, and heart disease support of appropriate and complementary development; at the same time, land in our communities. A 2007 use and design objectives can be undermined by conflicting mobility policies. study by Los Angeles County Therefore, the mobility goals and policies in this chapter enhance and reinforce the Department of Public Health land use and design policies discussed in Chapter Three, while integrating citywide found that the communities mobility goals, including those established in the Framework, Transportation and of Sylmar, Mission Hills other City Elements. These citywide goals include: Panorama City-North Hills, and Arleta-Pacoima have a 29% • Support a first-class, multi-modal transportation system in which jobs, prevalence of childhood obesity. services and amenities are easily accessible to all residents and visitors, which The ability to efficiently, safely, respects the City’s unique communities and neighborhoods and reduces the and enjoyably walk, ride, or City’s dependence on automobiles.
    [Show full text]
  • Alternatives Screening Report
    Metro Canoga Transportation Corridor Alternatives Screening Report 16-J07-1643 Submitted by: December 5, 2007 Canoga Transportation Corridor 1.0 Introduction Table of Contents 1.0 INTRODUCTION ..........................................................................................................1-1 1.1 BACKGROUND/HISTORY..................................................................................................................1-1 2.0 PURPOSE AND NEED ..................................................................................................2-6 2.1 SETTING ................................................................................................................................................2-6 2.2 REGIONAL CONTEXT..........................................................................................................................2-6 2.3 DEMOGRAPHICS.................................................................................................................................2-8 2.4 ACTIVITY CENTERS ..........................................................................................................................2-13 2.5 LAND USE PLANNING AND POLICIES ..........................................................................................2-15 2.6 EXISTING TRAFFIC CONDITIONS .................................................................................................2-27 2.7 POTENTIAL TRAVEL MARKETS ......................................................................................................2-35
    [Show full text]
  • 2020 Glenoaks Blvd
    SOUTHERN CALIFORNIA'S PREMIER SALES TEAM A 2,021 SF VACANT MEDICAL OFFICE BUILDING IDEALLY LOCATED ALONG GLENOAKS BOULEVARD IN THE HIGHLY DESIRABLE SUB-MARKET OF BURBANK, CA INVESTMENT ADVISORS BRANDON MICHAELS MATTHEW LUCHS Senior Managing Director of Investments First Vice President Investments Senior Director, National Retail Group National Retail Group Tel: (818) 212-2794 Tel: (818) 212-2727 TABLE OF CONTENTS Fax: (818) 212-2710 Fax: (818) 212-2710 [email protected] [email protected] License: CA #01434685 License: CA #01948233 www.BrandonMichaelsGroup.com www. BrandonMichaelsGroup .com PROPERTY OVERVIEW CONFIDENTIALITY AND DISCLAIMER 01 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 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.
    [Show full text]
  • North-South San Fernando Valley Corridor Study
    Purpose and Need 1.0 PURPOSE AND NEED 1.1 Introduction The San Fernando Valley North-South Transit Corridor Study is being undertaken by the Los Angeles County Metropolitan Transportation Authority (MTA) to assess the need for improvements in north-south transit service in the San Fernando Valley and to evaluate a wide range of alternative improvements. The study area covers the area illustrated in Figure 1-1, generally extending from Ventura Boulevard on the south to the City of San Fernando and Sylmar community on the north, and from Glenoaks Boulevard-Vineland Avenue on the east to Topanga Canyon Boulevard on the west. It includes only the portions of the San Fernando Valley within the Cities of Los Angeles and San Fernando. This study will follow the procedures for a Regionally Significant Transportation Investment Study (RSTIS), formerly known as a Major Investment Study (MIS), so that recommended improvements may be eligible for potential federal funds as well as state and local funds. The RSTIS process begins with the identification and detailed assessment of the need for a transportation improvement. It then evaluates a range of improvement alternatives that would satisfy mobility needs, complemented by a significant level of community participation in the evaluation process, and results in a recommendation for a locally preferred alternative (LPA). The RSTIS will evaluate future conditions in the year 2025 if nothing is implemented beyond planned improvements (the No Project Alternative). It will also evaluate lower-cost transportation systems management (TSM) improvements as well as physical improvements and transit service enhancements on one or more north-south corridors.
    [Show full text]
  • Of the Los Angeles Municipal Code to Change the Speed Limit of Various Streets in the City of Los Angeles
    ORDINANCE NO. An ordinance amending Section 80.81 of Chapter VIII, Division “P” of the Los Angeles Municipal Code to change the speed limit of various streets in the City of Los Angeles. THE PEOPLE OF THE CITY OF LOS ANGELES DO ORDAIN AS FOLLOWS: Section 1. Section 80.81 of Chapter VIII, Division “P” of the Los Angeles Municipal Code is amended in its entirety to read as follows: SEC. 80.81. SPEED ZONE SCHEDULES. (1) 30 M.P.H. Prima Facie Speed Limit. Upon the streets designated in this subsection, a prima facie speed limit of 30 miles per hour is hereby declared to be reasonable, safe, and more appropriate to facilitate the orderly movement of traffic. A Abbot Kinney Boulevard between Washington Boulevard and Main Street. Adlon Road between Empress Avenue and Hayvenhurst Avenue. Airdrome Street between Venice Boulevard and Robertson Boulevard. Aldea Avenue between Lassen Street and Superior Street. Allenford Avenue between 26th Street and Sunset Boulevard. Alma Street between 27th Street and 37th Street. Amalfi Drive between Upper Mesa Road and Romany Drive. Alonzo Avenue between Medley Drive and Valley Vista Boulevard. Amestoy Avenue between Killion Street and Ventura Boulevard. Apperson Street between Haines Canyon Avenue and Newhome Avenue. Apollo Drive between Hercules Drive and Willow Glen Road. Arleta Avenue between Brand Boulevard and Fox Street. Art Street between Stonehurst Avenue and Wheatland Avenue. Avalon Boulevard between a point 700 feet south of Broad Avenue and Denni Street. Avalon Boulevard between Manchester Avenue and Imperial Highway. Avenue 19 between North Broadway and Lacy Street. Avenue 20 between North Broadway and North Main Street.
    [Show full text]
  • 8405Glenoaks
    GLENOAKS 8554 GLENOAKS BOULEVARD, SUN VALLEY, CA 8405 Sun Valley, Ca A shovel ready 19 unit multifamily development opportunity located in a Qualified Opportunity Zone PRESENTED BY BURBANK NORTH HOLLYWOOD LONNIE MCDERMOTT First Vice President Investments Senior Director, National Land Group Tel: (818) 212-2745 Fax: (818) 212-2710 [email protected] License: CA 01874375 GLENOAKS 8405 Sun Valley, Ca GLENOAKS 8405 Sun Valley, Ca GLENOAKS BOULEVARD This information has been secured from sources we believe to be reliable, but we make no repre- sentations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example pur- poses only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap 2 3 1 OFFERING SUMMARY 2 PROJECT OVERVIEW 3 AREA OVERVIEW 4 MARKET COMPARABLES THE OFFERING A rare Shovel Ready 19-unit multifamily development opportunity in Sun Valley, CA. The development will consist of an on-grade parking structure with 27 Stalls, (10) 1 Bedroom / 1 Bathroom, (9) 2 Bedroom / 2 Bathroom units spread across three residential floors. The opportunity provides a buyer the ability to immediately begin construction upon close of escrow. Marcus and Millichap is pleased to present 8405 Glenoaks The immediate area boasts beautiful rolling hills to the north, Boulevard, a unique fully entitled (shovel ready) 19-unit dense immediate population to the south, high barriers to development opportunity in Sun Valley, CA.
    [Show full text]
  • 2040 Glenoaks Blvd
    Confidential Offering Memorandum 2040 Glenoaks Blvd. SAN FERNANDO, CALIFORNIA 91340 EXECUTIVE SUMMARY The Offering Investment Highlight Property Description • NNN , Fee Simple Investment - Freestanding Retail Building in Prime Market JLL analyzed the freestanding retail • Corporate Guaranteed Walgreens Co. Lease (NYSE: WAG) - S&P Rated BBB building of the 38,609 square foot • Approximately 10% Compounded Base Rental Increases Every 10 Years For Duration of 75 Year Term property at 2040 Glenoaks Boulevard, • S&P Rated BBB - Moody’s Rated Baa1 - Revenues over $72.22B strategically located at the intersection • America’s Largest Drugstore Chain - Over 8,541 Locations - 700 Wellness Centers of Glenoaks Boulevard and Hubbard • Corporate Guaranteed Smart N Final Lease - B2 Positive Rating (Moody’s) Street in the heart of San Fernando • 15 Year Original Term - 10% Compounded Rental Increase in Year 10 - 10% Compounded Increases (Los Angeles). Every 5 Years Thereafter • Over 7,000 Employees and 250 Locations - Dominant Southern California Grocer 2 • Walgreens: New 75 Year Corporate Lease with Attractive Rental Increases The retail property is 100% occupied by JLL JLL • Smart N Final: New 15 Year Corporate Lease with 4-5 Year Options and Rental Increases Smart N Final and Walgreens - both of • To Be Renovated Building and Common Areas - Pride of Ownership which have recently signed new, long 2040 GLENOAKS BL • Positioned Within To Be Renovated Big Box Retail Building at Hard Corner term corporate leases. • Complimentary Uses - Proven Tenancy - Excellent Center Traffic V D. SAN FERNANDO, CA 3 JLL EXECUTIVE SUMMARY GLENOAKS BLVD HUBBARD ST Property Photos Property Description PROPERTY OVERVIEW Property Summary Property Summary 2040 Glenoaks Blvd.
    [Show full text]