DOCSLIB.ORG

8405Glenoaks

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

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. The opportunity entry, and strong market fundamentals yielding an investor/ consists of 15,275 square feet of vacant land zoned LAR3. owner user favored market conditions with significant growth potential. Centrally located just north of Hollywood Burbank Airport, and conveniently positioned in the center of a broad The property will be delivered as a shovel ready 19 unit range of employment and retail options, 8405 Glenoaks apartment development located in the Sun Valley submarket Blvd is surrounded by high-end neighborhoods (Shadow of the San Fernando Valley. This opportunity provides a Hills, Burbank, La Tuna Canyon), Downtown Burbank, and GLENOAKS buyer the ability to immediately begin construction upon numerous employment options. 8405 Sun Valley, Ca close of escrow and/or purchase with a construction loan. The existing rent controlled four unit structure on site has already been demolished and tenant relocation fees have The San Fernando Valley consists of approximately 260 been paid in full. All permits have been issued and paid. The square miles, making it the largest geographic in the City of development consists of an on-grade parking structure with Los Angeles. With approximately 1.8 million residents, it is a 27 Stalls, (10) 1 Bedroom / 1 Bathroom, (9) 2 Bedroom / 2 densely populated area that as a standalone city, would be Bathroom units spread across three residential floors. There the seventh largest city in the United States. are no significant off-site improvements, flat topography and on-grade construction should make this a very cost effective build. The project will be completely comprised of market rate units and will be subject to the Rent Stabilization Ordinance (RSO). GLENOAKS BOULEVARD 8405 Glenoaks Boulevard, is ideally located just north of the 5 freeway, providing future residents with convenient access to Burbank, Downtown Los Angeles, Glendale and Pasadena. 6 7 A RARE SHOVEL READY DEVELOPMENT OPPORTUNITY 19 unit multifamily project Vacant land - previous has been demolished 15,275 square feet of land zoned LAR3 Excellent mix of (10) 1 bedroom units and (9) 2 bedroom units No linkage fee Type V construction Plans call for 23,318 gross square feet 24 parking spaces provided No Low Income Housing component EXCELLENT SAN FERNANDO VALLEY LOCATION Located just one parcel west of Glenoaks and Roscoe Investment Adjacent to Burbank, Shadow Hills, and La Tuna Canyon HIGHLIGHTS Sun Valley is experiencing significant growth in housing demand due to its unique natural landscape filled with large horse ranch properties combined with its convenient accessibility to major employment sectors in nearby Burbank and North Hollywood Walking distance to Glenoaks & Sunland (0.5 miles), an amenitized corridor that provides the immediate area’s banks, grocery stores, and dining . STRONG DEMOGRAPHICS Average household Income of $83,898 within a 3-mile radius Population of 574,264 within a 5-mile radius Strong local economy with significant job growth over a multitude of diverse sectors 8 ADLER PORTFOLIO | PROPERTY SUMMARY 9 THE PROJECT Permits have been issued and paid in full, allowing a buyer to begin construction immediately after close of escrow. The proposed project consists of a 3 story structure with 19 market rate residential units with a rooftop deck over open ground floor parking. The project will be subject to Rent Stabilization Ordinace (RSO). Project Features Number of Units 19 Construction Type V Stories 3 Gross SqFt 23,318 SF Parking Provided 24 spaces Unit Type # Avg SF 1 Bedroom 10 733 2 Bedroom 9 956 PRICING SUMMARY 12 13 FINANCIAL SUMMARY PRICING SUMMARY 8405 Glenoaks Blvd, Address Sun Valley, CA 91352 Price $2,000,000 Land SF 15,275 SF $ / SF $130.93 Shovel Ready For 19 units $/Unit $105,263 Max Potential Units 27 units GLENOAKS BOULEVARD $/Unit (Density Bonus) $74,074 Zoning (Q)R3-1-CUGU 14 15 MARKET OVERVIEW 17 Sun Valley NORTH HOLLYWOOD The Subject Property is located on Glenoaks Boulevard in the bustling suburban BURBANK bedroom community of Sun Valley, just down the street from the city of Burbank. The 19-unit apartment project is less than three miles away from the Hollywood Burbank Airport and is centrally located in proximity to major employment hubs such as Burbank, Glendale and North Hollywood. The property enjoys easy access to the 5, 118, 134, and 170 f reeways, and is less than one mile to the Antelope Valley Metrolink Sun Valley SAN FERNANDO ROAD Train Station. GLENOAKS Sun Valley, Ca According to CoStar, the Sun Valley submarket typically sees minimal multifamily 8405 development, although healthy rent growth and rock-bottom vacancies drove a slight uptick in construction in recent years. Vacancies are among the lowest in Los Angeles and have held below 3% for most of this cycle. The Sun Valley apartment market is typically sleepy and stable, as supply constraints and low vacancies limit net absorption. While a few new projects delivered in 2018, the amount of new supply was not sufficient to significantly alter fundamentals. Located at the northern edge of the San Fernando Valley, much of the submarket is zoned for single-family residences, which inhibits multifamily development. GLENOAKS BOULEVARD SUNLAND BOULEVARD 18.61% 1.30% PROJECT AVG HOUSEHOLD POPULATION GROWTH INCOME GROWTH BY 2024 EXPECTED BY 2024 18 19 $83,898 $99,510 137,094 8405 GLENOAKS BLVD 2019 Average HH income 2024 Prejected Average HH income 2019 Population within 3-m radius within 3-m radius within 3-m radius 5,710 63,250 139,297 Businesses Employees 2024 Prejected Population within 3-m radius within 3-m radius within 3-m radius 20 21 BURBANK NOHO ARTS DISTRICT AT A GLANCE Also known as “The Valley,” the San Fernando Valley spans 260 square miles and is home to approximately 1.82 million people. The area is situated approximately 12 miles northwest of Downtown Los Angeles and is bounded by the Santa Monica Mountains to the south, the San Gabriel Mountains to the north and east, and Simi Hills to the west. Notable facts about the San Fernando Valley include: The San Fernando Valley is Home to Over 63,000 Businesses and 535,000 Jobs Average Household Income Has Grown by 24.53% from 2000-2015 and is Projected to THE SAN FERNANDO VALLEY Grow an Additional 13.19% by 2020 Approximately 49% of The Valley’s Households are Renters “The Valley” is a premier location for residents to live, work, and play Average Vacancy Across the San Fernando Valley is 2.24% Sherman Oaks Galleria Sepulveda Basin Recreation Area Ventura Boulevard The Valley is a Key Entrepreneurial Hub in Los Angeles with Half of LA County The Sherman Oaks Galleria includes 700,000 Approximately two miles from the subject Ventura Boulevard, the primary east–west thoroughfare Contractors, a Third of all Business Professionals, and a Number of Healthcare square feet of Class A office space overlooking property, Sepulveda Basin Recreation Area in the San Fernando Valley, is located 150 feet away Professionals Calling the Area Home a 300,000 square foot retail and entertainment and Lake Balboa/Anthony C. Beilenson Park from 14944 Moorpark Street. Extending 18 miles from Studio City to Woodland Hills, Ventura Boulevard is Notable Industries Include Entertainment, Foreign Trade, Business Services, Health complex. Located at the intersection of the 101 are home to two golf courses, a sports complex, known as the “backbone” of the San Fernando Valley Services, Aerospace, and Advanced Manufacturing and 405 freeways, the Galleria is home to and a 19,600 square foot playground. with scores of bars, restaurants, retail shopping, and myriad employers and shopping options. other convenient neighborhood amenities. Several Fortune 500 Companies Including The Walt Disney Company, Anheuser- Busch, Nestle, and Health Net, as well as Several Additional Fortune 1,000 Companies Van Nuys/Sherman Oaks Universal Studios and CityWalk Westfield Fashion Square are Located in the Valley Recreation Center Universal CityWalk offers entertainment, Within a short drive of the subject property, Industry Leaders in Advanced Manufacturing Including Northrop Grumman, Aerojet, The 65 acre park offers baseball fi elds, dining, and shopping.
Recommended publications
  • Non-Toxic Drycleaner List

    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.
  • 1981 Caltrans Inventory of Pacific Electric Routes

    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.
  • Bicycle Master Plan

    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 ..............................................................................
  • Draft--- Attachment A

    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.
  • TOTAL $10,316,020,552 34,802 431 N La Cienega Los Angeles 90048 2600-2610 S

    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.
  • 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

    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.
  • A 2,021 Sf Medical Office Building Ideally Located

    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
  • Alternatives Screening Report

    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
  • 2020 Glenoaks Blvd

    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.
  • North-South San Fernando Valley Corridor Study

    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.

  • 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.
  • 2040 Glenoaks Blvd

    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.