Ideal Owner/User Or Investment Industrial Complex Twin Buildings

Home , Harry Chandler, Moses Sherman, Owensmouth

LOCATION LOCATION LOCATION 18,616 SQUARE FEET NEAR ROSCOE & CANOGA 8023-8033 REMMET CANOGA PARK, CALIFORNIA 91304 OFFERED AT: $5,495,000 IDEAL OWNER/USER OR INVESTMENT INDUSTRIAL COMPLEX TWIN BUILDINGS

ABUNDANT PARKING

FOR MORE INFORMATION, CONTACT: BRAD WISEMAN DAVID WATKINS 818-880-9900 818-970-2946 PINNACLE COMMERCIAL

The information contained herein is deemed reliable. Neither owner or agent herein makes any warranties or rep- resentations as the the accuracy of the information contained herein. Buyer is strongly advised to verify all information pertaining to this offering with the consultation of applicable professionals (property inspectors, account- ants, attorneys, etc.) OFFERING SUMMARY

Location Prime Industrial Complex 8023-8033 Remmet Canoga Park, CA 91304

IDEAL OWNER USER OR INVESTOR Offering Summary 2/Twin Building Industrial Complex Price $5,495,000 Prime Canoga Park Location Proforma N.O.I. $198,550 Just South of Roscoe Boulevard Capitalization Rate 3.61% Price Per Square Foot $295 Between Topanga & Canoga Net Rentable Area 18,616 Low Maintenance Year Built 2006 Ample Parking Front & Rear Lot Size (Acres) .68 4 Loading Doc Doors Parking (2.74/1000 Ratio) 20 FOR MORE INFORMATION, CONTACT: BRAD WISEMAN DAVID WATKINS 818-880-9900 818-943-6167 PINNACLE COMMERCIAL

AGOURA HILLS—AREA INFORMATION

CANOGA PARK

Canoga Park is a neighborhood in the San Fernando Valley region of Los Angeles, California, United States. Before the Mexican– American War, the district was part of a rancho, and after the American victory it was converted into wheat farms and then subdivided, with part of it named Owensmouth as a town founded in 1912. It joined Los Angeles in 1917 and was renamed Canoga Park on March 1, 1931, thanks to the efforts of local civic leader Mary Logan Orcutt.

The area of present-day Canoga Park was the homeland of Native Americans in the Tongva- Fernandeño and Chumash-Venturaño tribes, that lived in the Simi Hills and along to the tributaries of the Los An- geles River. They traded with the north Valley Tataviam-Fernandeño people. Native American civilizations inhabit- ed the Valley for an estimated 8,000 years.[2][3] Their culture left the Burro Flats Painted Cave nearby.[4]

From 1797 to 1846, the area was part of Mission San Fernando Rey de España (Mission San Fernando). After the Mexican War of Independence from Spain the 'future Canoga Park' land became part of Rancho Ex-Mission San Fernando. In 1845, a land grant for the separate and historically rich Rancho El Escorpión was issued by Gov- ernor Pío Pico to three Chumash people, Odón Eusebia, his brother-in-law Urbano, and Urbano's son Mañuel.[5][6] [7] It was located in the area west of Fallbrook Avenue and later called Platt Ranch. In 1863, the syndicate San Fernando Homestead Association led by Isaac Lankershim and Isaac Van Nuys purchased the southern half of the historic San Fernando Valley. They established seven wheat ranch opera- tions and were the first to ship wheat to Europe from California. In 1869, Alfred Workman acquired the western- most ranch, a 13,000 acres (50 km2) wheat farm in future Canoga Park (for more: See Landmarks section below). [10] Eucalyptus trees were introduced into the San Fernando Valley by Albert Workman, who imported seedlings from his native Australia and planted them on the Workman Ranch. In time, they spread through the Canoga Park area ranches, farms and beyond. It has been said that these trees are the parents of all eucalyptus trees in South- ern California.[11][12]

In 1909 the Suburban Homes Company, a syndicate led by H. J. Whitley, general manager of the Board of Control, along with Harry Chandler, H. G. Otis, M. H. Sherman and O. F. Brandt purchased 48,000 acres of the Farming and Milling Company for $2,500,000.[13] Henry E. Huntington extended his Pacific Electric Railway (Red Cars) through the Valley to Owensmouth (now Canoga Park). The Suburban Home Company laid out plans for roads and the towns of Van Nuys, Reseda (Marian) and Canoga Park (Owensmouth). The rural areas were annexed into the city of Los Angeles in 1915.[14][15]

The entire south San Fernando Valley, from Roscoe Boulevard south to the hills, with certain exceptions, were to be subdivided in anticipation of the Los Angeles aqueduct's completion in 1913. The purchasers of the land includ- ed Harry Chandler and Harrison Gray Otis of the Los Angeles Times, Moses Sherman (a Los Angeles Pacific Rail- road streetcar line builder), and Hobart Johnstone Whitley, an all purpose real estate developer who, from a start in the Land Rush of 1889 in Oklahoma to platting out 140 towns, including Hollywood.

Owensmouth, as the junior San Fernando Valley city to Van Nuys, promoted itself with the "baby" motif—using storks in their advertisement. The "baby city" of the Valley remained a very small community.

The lack of an independent water supply made annexation to the City of Los Angeles inevitable, and on February 26, 1917, it joined with its larger neighbor. The name was changed to Canoga Park in 1931, thanks to the efforts of local civic leader Mary Logan Orcutt.[16] Eventually, the area's zoning was rural/agricultural and its industry was small farms involved in the production of fruits, vegetables, and melons, some livestock, horses, a movie/television studio, and a stunt location.[17] The 2000 U.S. census counted 53,227 residents in the 4.35-square-mile Canoga Park neighborhood—or 12,240 people per square mile, about an average population density for the city. In 2008, the city estimated that the population had increased to 60,578. In 2000, the median age for residents was 30, also about average for city and county neighborhoods.[24]

CANOGA PARK—AREA MAPS

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