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 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

Website Instagram 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 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. 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 indicate 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.

SOUTHERN CALIFORNIA'S PREMIER SALES TEAM TABLE OF CONTENTS

PROPERTY OVERVIEW 01

FINANCIAL ANALYSIS 02

COMPARABLES ANALYSIS 03

AREA OVERVIEW 04 01 PROPERTY OVERVIEW 5 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.

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 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 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 SYLMAR

N. 5TH STREET

N GLENOAKS BLVD SCOTT ROAD 8 | 2020 N.GLENOAKS BLVD |BURBANK, CA 91504 PROPERTY HIGHLIGHTS ZONING: APN NUMBER: PARKING: RATE: CAP PRO FORMA RATE: CAP CURRENT (LAND): PRICE/SF (BUILDING): PRICE/SF SF: LAND SF: BUILDING PRICE: PROPERTY INFORMATION PROPERTY 3 Free Surface Spaces Available3 Free Surface 2472-016-002 $1,150,000 2,727 SF 2,727 2,021 SF 2,021 BUC3* 5.09% 1.89% $569 $422 PRO FORMA CAP RATE CAP PRO FORMA PRICE/SF (BUILDING) PRICE/SF 5.09% PRICE/SF(LAND) $569 $422 9 10 | 2020 N.GLENOAKS BLVD |BURBANK, CA 91504 PROPERTY HIGHLIGHTS • • • • thoroughfare through Burbank amain Boulevard, alongGlenoaks Visibility Excellent Situated alongaBus Line 74/100 Walk –Very Score Walkable Location Burbank of District State Freeway, andthe Entertainment Downtown Burbank, the Interstate 5Golden toBurbank Airport, Proximity Close EXCELLENT BURBANK, CA LOCATION CA BURBANK, EXCELLENT • • • • MEDICAL OFFICE BUILDING SURROUNDED BY 2,021 square feet building square feet 2,021 available spaces parking 3 surface isWell-MaintainedProperty alongside businesses other Elevator Served A MIX OF OFFICE BUILDINGS 11 PROPERTY HIGHLIGHTS OPPORTUNITY UNIQUE VALUE-ADD OR OWNER-USER UNIQUE VALUE-ADD Current tenant is month-to-month tenant Current Excellent location Burbank forIdeal Owner/User Medical Buyer • • • BUSINESS FRIENDLY ENVIRONMENT BUSINESS FRIENDLY Strong Demographics,Strong amenity by surrounded rich environment planned communitiesmaster household income of $86,768Average Secure Cash Flow With Established With Tenant Flow Secure Cash city well-managed is a Burbank large home to several companies STRONG IMMEDIATE TRADE A AREASTRONG CREATES IMMEDIATE • • • • 12 | 2020 N.GLENOAKS BLVD |BURBANK, CA 91504 PROPERTY DETAILS 2472-016-002 NUMBERS APN Blvd. RoadandGlenoaks Scott of intersection nearthe islocated property The subject SITE perday.vehicles Blvd Dr and Cambridge are 1,095 along NGlenoaks The traffic counts COUNTS TRAFFIC SF. is 2,727 SF. land Thesquare footage total 2,021 is buildingsquare footage The total FOOTAGESSQUARE The property is zoned BUC3*. iszoned The property ZONING available. are spaces parking surface 3 free PARKING

N GLENOAKS BLVD

SCOTT ROAD ROAD SCOTT SCOTT 02 FINANCIAL ANALYSIS

16 | 2020 N.GLENOAKS BLVD |BURBANK, CA 91504 FINANCIAL ANALYSIS OPERATING DATA RENT ROLL Net Operating Income Expenses Gross Income Effective ChargesNNN Income Lease Scheduled Rubin Herbert, MD Rubin Herbert, TENANT TOTAL 2,021 2,021 SF CURRENT $42,000 $42,000 $20,256 $21,744 100% 100% - SF % LEASE M2M EXP - *Projected expenses based on industry averages based onindustry expenses *Projected Repairs &MaintenanceRepairs Janitorial Trash Utilities Insurance Taxes @1.25% EXPENSES* TOTAL $3,500.00 $3,500.00 $3,500.00 $3,500.00 RENT RENT/SF $1.73 $1.73 $1.73 $1.73 PER YEAR $20,256 $20,256 $14,375 $14,375 $2,526 $2,526 $1,516 $1,516 $1,011 $1,011 $505 $323 $323 PRO FORMA $6,568.25 $6,568.25 $6,568.25 $6,568.25 RENT $10.02 /$0.84 /$0.84 $10.02 PRO FORMA PER SF $0.25 $0.75 RENT/SF $1.25 $0.16 $0.5 $7.11 $3.25 $3.25 $3.25 $3.25 PRICING

PRICE: $1,150,000

BUILDING SF: 2,021 SF

LAND SF: 2,727 SF

PRICE/SF (BUILDING): $569

PRICE/SF (LAND): $422

CURRENT CAP RATE: 1.89%

PRO FORMA CAP RATE: 5.09%

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)

3210 W Burbank Blvd 1 $1,685,000 4,000 $421.25 5,449 $309.21 C3 4/7/2019 Burbank, CA 91505

3212-3214 W Burbank Blvd 2 $1,400,000 2,900 $482.76 5,428 $257.94 C3 4/1/2019 Burbank, CA 91505

3216 W Burbank Blvd 3 $950,000 2,250 $422.22 2,614 $363.48 C3 8/31/2018 Burbank, CA 91505

1901-1903 W Magnolia Blvd 4 $3,000,000 7,634 $392.98 7,035 $426.44 BUC3YY 4/9/2019 Burbank, CA 91506

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

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

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

AVERAGE $2,122,778 5,083 $464.02 7,455 $307.10 - -

20 | 2020 N. GLENOAKS BLVD | BURBANK, CA 91504 2020 Glenoaks Blvd

1 3210 W Burbank Blvd

2 3212-3214 W Burbank Blvd

3 3216 W Burbank Blvd

4 1901-1903 W Magnolia Blvd 9 5 2000 W Magnolia Blvd 3 2 8 6 1150 W Olive Ave 4 1 5 7 1411 W Olive Ave 6 7 8 325 N Victory Blvd

9 919-923 N Victory Blvd

SALES COMPARABLES | PRICE/SF

$464 AVG PRICE/SF (BUILDING)

5,083 AVG SF (BUILDING)

2020 GLENOAKS BLVD | BURBANK, CA 91504 | 21 ADDRESS RENTABLE SF SF LEASED RENT/SF/MONTH RENT/SF/YEAR LEASE TYPE

2811 N Glenoaks Blvd 1 1,110 1,110 $2.25 $27.00 NNN Burbank, CA 91504

2829 N Glenoaks Blvd 2 Glenoaks Office 14,284 881 $2.00 $24.00 MG Burbank, CA 91504

2829 N Glenoaks Blvd 3 Glenoaks Office 14,284 800 $2.00 $24.00 NNN Burbank, CA 91504

2025 N Glenoaks Blvd RENT COMPARABLES RENT 4 11,607 5,730 $1.76 $21.12 MG Burbank, CA 91504

2025 N Glenoaks Blvd 5 11,607 1,327 $1.76 $21.12 MG Burbank, CA 91504

2829 N Glenoaks Blvd 6 Glenoaks Office 14,284 1,704 $2.00 $24.00 NNN Burbank, CA 91504

2829 N Glenoaks Blvd 7 Glenoaks Office 14,284 1,704 $2.00 $24.00 NNN Burbank, CA 91504

AVERAGE 11,637 1,894 $1.97 $23.61 -

22 | 2020 N. GLENOAKS BLVD | BURBANK, CA 91504 2020 Glenoaks Blvd

1 2811 N Glenoaks Blvd 1 2 2 2829 N Glenoaks Blvd

3 2025 N Glenoaks Blvd

RENT COMPARABLES | RENT/SF/MONTH

$1.97 AVG RENT/SF/MONTH

$23.61 AVG RENT/SF/YEAR

2020 GLENOAKS BLVD | BURBANK, CA 91504 | 23 04 AREA OVERVIEW

BURBANK, CALIFORNIA

In the beginning, the land occupied by the present City of Burbank was part of two large Spanish land grants. The first was the vast Rancho San Rafael, granted to Don Jose Maria Verdugo by the Spanish government in 1798. Nearby, Rancho La Providencia was created following Mexico's successful bid for independence from Spain in 1821. The real history of the City, though, began when a New Hampshire dentist headed west with the thousands of other Americans seeking new opportunities. The following years brought marked progress in Burbank's development. In 1917, civic leaders Ralph O. Church and Maurice Spazier convinced Walt Moreland to relocate his truck company to Burbank by offering him a free site to build. The Moreland Truck Company became Burbank's first major industry. For years afterward, the Moreland trucks traveled the highways of the world bearing the label "Made in Burbank." The 1920's saw a period of growth with the population increasing from 2,913 in 1920 to 16,622 in 1930. AREA OVERVIEW AREA

Presently, Burbank maintains its long standing relationship with Warner Bros. and Disney and is now home to hundreds of media and related support companies such as ABC, Cartoon-Network Studios, Nickelodeon Animation, Yahoo!, Clear Channel, and other post production, film processing, special effects, equipment rental and related businesses. As such, Burbank is happily referred to as the "Media Capital of the World." Finally, 2011 marked Burbank's Centennial year. The City honored its important birthday with "100 & More Ways to Celebrate Burbank," which included 100 community events for residents and visitors alike with the following mission: Create civic pride, foster and highlight community partnerships, honor the past, celebrate the present, and anticipate the future. In accordance with that mission, on July 8, 2011, the community proudly commemorated the 100th anniversary of its incorporation date with a monumental "Party of the Century" in Downtown Burbank. The celebration was such an exemplary community event that the City was recognized by the California Downtown Association with an Excellence Award in the category of Special Events & Promotions.

Throughout its 100 year history, Burbank has embodied a forward-thinking city that provides a high quality of life and strong sense of community to its residents. In keeping with this tradition, the City will continue to combine 21st century technology with the same small town feel that will make Burbank an ideal place to live, work and play for years to come.

26 | 2020 N. GLENOAKS BLVD | BURBANK, CA 91504 NEARBY ATTRACTIONS

1 WARNER BROTHERS STUDIO TOUR Warner Bros. Studio Tour Hollywood is a public attraction situated inside Warner Bros. Studios, Burbank close to Hollywood and part of the greater Los Angeles area. It offers visitors the chance to glimpse behind the scenes of one the oldest and most popular film studios in the world over a two to three hour period. The studio tour in some form has been open for several decades, but it was recently renamed to give the Warner Bros.

2 UNIVERSAL STUDIOS HOLLYWOOD Universal Studios Hollywood is a film studio and theme park in the San Fernando Valley area of Los Angeles County, California. About 70% of the studio lies within the unincorporated county island known as Universal City while the rest lies within the city limits of Los Angeles, California. It is one of the oldest and most famous Hollywood film studios still in use. Its official marketing headline is "The Entertainment Capital of LA". It was initially created to offer tours of the real Universal Studios sets and is the first of many full-fledged Universal Studios Theme Parks located across the world. Outside the theme park, a new, all-digital facility near the Universal Pictures backlot was built in an effort to merge all of NBCUniversal's West Coast operations into one area.

3 WALT DISNEY STUDIOS The Walt Disney Studios, in Burbank, California, United States, serves as the corporate headquarters for The Walt Disney Company media conglomerate. Besides housing offices for the company's many divisions, the Walt Disney Studios' 51-acre studio lot also contains several sound stages, a backlot, and other production facilities for Walt Disney Studios' motion picture production. Disney is the only major film studio out of the Big Five that does not currently offer regular tours of their studio lot to the general public. Since the mid-2000s, Adventures by Disney has offered tours of the studio, but only as an integral component of their Southern California tour package. The other way to tour the studio is to join the official Disney D23 fan club, which offers tours to members every few months.

4 STOUGH CANYON NATURE CENTER The Stough Canyon Nature Center serves as an educational gateway to the Verdugo Mountains and the Rim of the Valley Trails. Nestled in the Verdugo Mountains, the Nature Center provides opportunities for the public to learn more about the wildlife, flora, fauna, and habitat in this area of Los Angeles County through planned activities, exhibits, and nature hikes. Stough Canyon Nature Center was named after Oliver J. Stough, who donated land to the City for public parkland that includes Stough Park, Stough Canyon Nature Center, and the Starlight Bowl. The Nature Center was dedicated in 2001 and has an exibit hall with educational and interpretive displays, small library, classroom, and outdoor amphitheater.

2020 GLENOAKS BLVD | BURBANK, CA 91504 | 27 DEMOGRAPHICS

104,765 39.5 BURBANK, POPULATION MEDIAN AGE CALIFORNIA AREA OVERVIEW AREA

EDUCATION

21% 32% 30% 23% BACHELOR’S DEGREE HIGH SCHOOL GRADUATE SOME COLLEGE OR ASSOCIATES DEGREE MASTER’S DEGREE OR HIGHER

ECONOMY

The economy of Burbank, CA employs 54.4k people. The largest industries in Burbank, CA are Information (7,090 people), Health Care & Social Assistance (6,237 people), and Retail Trade (5,147 people), and the highest paying industries are Utilities ($93,631), Mining, Quarrying, & Oil & Gas Extraction ($80,784), and Agriculture, Forestry, Fishing & Hunting, & Mining ($75,750).

28 | 2020 N. GLENOAKS BLVD | BURBANK, CA 91504 DEMOGRAPHICS 1 MILE 3 MILES 5 MILES 2019 Total Population: 22,778 170,704 471,555 Population Growth 2019-2024 1.61% 1.27% 1.53% 2019 Total Households: 8,489 61,129 174,003 2019 Owner Occupied Households: 4,009 26,034 68,361 $86,768 $62,687 2019 Renter Occupied Households: 4,480 35,095 105,642 AVERAGE HH INCOME MEDIAN HH INCOME WITHIN 5-M RADIUS WITHIN 5-M RADIUS

2019 Median Household Income $76,146 $64,475 $62,687 2019 Average Household Income $101,311 $87,454 $86,768 2019 HOUSEHOLDS BY HOUSEHOLD INCOME <$25,000 1,085 12,545 36,885 $25,000 - $50,000 1,600 11,969 34,904 $50,000 - $75,000 1,507 10,062 28,113 68,361 105,642 $75,000 - $100,000 1,134 7,879 22,002 OWNER OCCUPIED HOUSEHOLDS RENTER OCCUPIED HOUSEHOLDS $100,000 - $125,000 799 5,471 15,537 WITHIN 5-M RADIUS WITHIN 5-M RADIUS $125,000 - $150,000 538 3,826 10,722 $150,000 - $200,000 1,026 4,828 12,176 $200,000+ 799 4,548 13,667 $150,000 - $199,999 1.2% 3.4% 4.0% $200,000 - $249,999 0.6% 1.0% 1.4% $250,000 + 1.0% 1.8% 2.4% 471,555 20,317 POPULATION WITHIN 5-M RADIUS BUSINESSES WITHIN A 5-M RADIUS

2020 GLENOAKS BLVD | BURBANK, CA 91504 | 29 BRANDON MICHAELS Senior Managing Director of Investments Senior Director, National Retail Group Tel: (818) 212-2794 Fax: (818) 212-2710 [email protected] License: CA #01434685 www.BrandonMichaelsGroup.com

BRETT SANSON First Vice President Investments Director, National Multi Housing Group Marcus & Millichap 16830 Ventura Boulevard, Suite 100 Encino, CA 91436 Direct: (818) 212-2785 Main: (818) 212-2700 Mobile: (310) 435-8576 Fax: (818) 212-2710 [email protected]

License: CA: 01387480 SOUTHERN CALIFORNIA'S PREMIER SALES TEAM