138 N. SAN FERNANDO ROAD Los Angeles, CA 90031 FOR SALE | CANNABIS DISPENSARY RETAIL INVESTMENT IN LINCOLN HEIGHTS N SAN FERNANDO RD MICK MOODY Associate License No. 01972547
[email protected] PROPERTY DETAILS 138 N. San Fernando Road, ADDRESS:: Los Angeles, CA 90031 APN: Parcel Number: 5447-014-024 ASKING PRICE: $1,450,000 ($299/SF) TOTAL BUILDING SF: +/- 4,844 SF TOTAL LAND SF: +/- 7,287 SF ZONING: Urban Village (CASP) CURRENT USE: Cannabis dispensary YEAR BUILT: 1952 OCCUPANCY: 100% 2 PROPERTY HIGHLIGHTS AVENUE 21 +/- 4,884 SF of retail/industrial flex space Located in City of LA Commercial Cannabis Overlay (buyer to verify with city) 3 1 Multiple potential cannabis uses allowed 4 2 5 with zoning (buyer to verify with city) Prime frontage on busy North SAN FERNANDO ROAD San Fernando Road Located in the rapidly gentrifying Lincoln Heights neighborhood In-place income with tenant known to pay on time (dispensary) FLORENCE AVE. Colliers International | Page 3 FINANCIAL OVERVIEW CURRENT RENT ROLL Leased Base Rent / Address Tenant Expiration Increases SF Month $6,500/month starting 8/1/2019 138 N. San Fernando Tree Top LA 4,844 $6,000 7/31/2019 Road $7,000 / month starting 8/1/2022 *Lessee will have the option to extend the term of this Lease for two (2) additional thirty six (36) month periods. LANDLORD EXPENSES Utility Estimated Cost / Month Property Taxes (75%): $134.69 *Buyer to confirm all numbers during Due Diligence 4 N AVENUE 21 N SAN FERNANDO RD Pasadena Ave N SAN FERNANDO RD N SAN FERNANDO RD Colliers International | Page 5 RECENT SALES COMPS MAP 3 1 2 4 5 N 6 RECENT SALES COMPS SALES COMPARABLES # ADDRESS SALE DATE PRICE BLDG SIZE (SF) PRICE PSF USE/ZONE 138 N.