OFFERING MEMORANDUM 8.7 Acre Infill Development Opportunity in the Heart of the San Fernando Valley 14665 ROSCOE BLVD. | PANORAMA CITY, CA VAN NUYS BLVD. ROSCOE BLVD. TABLE OF CONTENTS Investment Summary 3 Market Summary 6 Property Description 11 Exclusive Advisors Bill Bauman John DeGrinnis Jeff Abraham DTLA Office Vice Chairman Executive Managing Director Senior Managing Director 700 S. Flower St, Suite 2500 t 213-298-3593 t 818-921-8529 t 818-921-8528 Los Angeles, CA 90017 [email protected] [email protected] [email protected] nkfsocalretail.com CA RE License #00969493 CA RE License #00918958 CA RE License #01830909 INVESTMENT SUMMARY Investment Summary Newmark is pleased to present qualified investors the rare opportunity to acquire an 8.7 acre site located at the Northwest Corner of Roscoe Boulevard and Tobias Avenue in the Panorama City submarket in the City of Los Angeles. The property was formerly occupied by Montgomery Ward and contains existing improvements totaling approximately 172,500 sf. The existing buildings consist of two single story structures fronting along Roscoe Boulevard, that were formerly occupied by a restaurant and Sears Auto Center. The restaurant building is 6,000 square feet and the Sears Automotive building is 12,500 square feet. The third building is the former Montgomery Ward consisting of approximately 154,000 square feet on two levels. The balance of the site is comprised of open, paved surface parking. The site is centrally located in immediate proximity to the 405, 118, 170 and 5 freeways as well as a new lightrail station. In addition, the property is located immediately west of the Panorama City Mall and the only Walmart in the City of Los Angeles. The site has favorable zoning lending itself to a wide variety of potential uses. The current ownership is in the process of finalizing entitlements for a mixed-use development consisting of a 7 story 623 unit apartment complex with approximately 60,000 square feet of retail and restaurant space. With the extraordinary residential densities in the area, there is a tremendous need for quality housing. With such a scarcity of larger scale, infill development opportunities in Los Angles, the size, location, and zoning of the site presents a very unique opportunity for commercial, mixed-use, or residential development. NEWMARK 3 INVESTMENT SUMMARY Property Highlights • Rare infill development opportunity • Regionally accessible site adjacent to major freeways and transportation corridors • Excellent opportunity for commercial, mixed use, or residential development • 172,500 square feet of existing improvements • Plan currently in process for a mixed-use project with 623 apartment units • Strong demographics in terms of daytime and residential densities • Potential adaptive re-use of the existing buildings ROSCOE BLVD. • Good potential owner/user opportunity • Located across the street from the Panorama City Mall and the region’s largest Walmart TOBIAS AVE. Building Area Land Area Zoning 172,509 SF 8.7 Acres C2/P CEDROS AVE. APN 2653-018-040, 2653-018-030, 2653-018-029, 2653-018-028, 2653-018-039, 2653-018-021, 2653-018-020, 2653-018-019, 2653-018-018 NEWMARK 4 INVESTMENT SUMMARY Site Aerial CHASE ST. VAN NUYS BLVD. TOBIAS AVE. CEDROS AVE. ROSCOE BLVD. NEWMARK 5 MARKET SUMMARY Panorama City Overview Located in the heart of the San Fernando Valley and centrally located near six major freeways (405, 5, 170, 101, 210 and 118), Panorama City boasts the most diverse and the highest population density in the San Fernando Valley. With its young age range, Panorama City is greatly in need of new, modern housing to accompany the approved light rail (aka East San Fernando Valley Transit Corridor), expansion and redevelopment of the Panorama Mall, and Kaiser Permanente Medical Center. Panorama City also has three high schools, two recreational centers, a senior center, and a chamber of commerce. KAISER PERMANENTE: Medical Center for BUDWEISER BREWERY: 3rd Anheuser-Busch emergency, urgent and after-hours care brewery in the US brewing 77 different brands NOHO WEST: Retail and entertainment destination in North Hollywood GALPIN FORD: #1 Ford dealership in Los Angeles for 29 straight years IMT SHERMAN CIRCLE: Eco-friendly, Luxurious Van Nuys Homes NEWMARK 6 MARKET SUMMARY DEMOGRAPHICS Location Map Population 3-Miles 5-Miles 344,428 764,519 Daytime Population 3-Miles 5-Miles 89,228 239,692 Household Income 3-Miles 5-Miles $73,788 $85,964 Homeowners 3-Miles 5-Miles 37,838 97,829 Median Age 3-Miles 5-Miles 34.7 35.9 NEWMARK 7 MARKET SUMMARY Amenities Map San Fernando’s busiest intersection TRAFFIC COUNTS Van Nuys Blvd. 42,735 Roscoe Blvd. 42,431 NEWMARK 8 MARKET SUMMARY Sepulveda Transit Corridor Valley-Westside Alternative Transit Map HRT 1 N NORDHOFF SHELDO PARTHENIA WEBB ROSCOE SATICOY Metrolink 170 Van Nuys WOODLEY LAUREL CANYON COLDWATER CANYON COLDWATER SEPULVEDA WINNETKA WINNETKA TAMPA BL RESEDA OAK WHITE BALBOA SHERMAN WAY VANOWEN HAYVENHURST VICTORY LANKERSHIM Van Nuys VAN NUYS BL NUYS VAN MAGNOLIA WOODMAN VENTURA BL 101 MOORPARK Van Nuys Bl/ Ventura Bl ROSCOE STATION SITE MULHOLLAND Sepulveda Transit Corridor Project NEWMARK 9 (alignment options) Underground N O Y N 405 A C R Transfer Station E T A W D L O Existing Service C B E V E Metro Expo Line R L Y G & Station L E N Metro Orange Line & Station SAN VICENTE BL BURTON Amtrak/Metrolink & Station UCLA Campus SEPULVEDA Under Construction SUNSET BEVERLY DR BEVERLY E Westwood/ VICENT Purple Line Extension SAN UCLA & Station (Section 2) OLYMPIC PICO Santa Monica Bl Santa Monica Bl N LACIENEGA Pre-Construction/Environmental Review O BUNDY S WILSHIRE T R E SANTA MONICA BL B O R Purple Line Extension 7TH & Station (Section 3) Expo/Sepulveda Expo/Bundy S 10 E P East San Fernando Valley U O L C V E PICO E A D Light Rail Transit Corridor N A & Station Alternative has optionVENICE BLto terminate at LINCOLN OCEAN PARK either Expo/Sepulveda or Expo/Bundy EFFERSON J Source: Sepulveda Transit Corridor Project Feasibility Study, 2019 WASHINGTON PL MARKET SUMMARY Regional Aerial ROSCOE BLVD. VAN NUYS BLVD. NEWMARK 10 PROPERTY DESCRIPTION Property Summary The subject property is a rare 8.7 acre site located at the Northwest Corner of Roscoe Boulevard and Tobias Avenue in the Panorama City submarket in the City of Los Angeles. The property was formerly occupied by Montgomery Ward and contains existing improvements totaling approximately 172,500 square feet. The existing buildings consist of two single story structures fronting along Roscoe Boulevard, that were formerly occupied by a restaurant and Sears Auto Center. The restaurant building is 6,000 square feet and the Sears Automotive building is 12,500 square feet. The third building is the former Montgomery Wards consisting of approximately 154,000 square feet on two levels. The balance of the site is comprised of open, paved surface parking. VAN NUYS BLVD. The current owner of the site is in the process of finalizing entitlements for a mixed-use development consisting of a 7 story 623 unit apartment complex with approximately 60,000 square feet of retail and restaurant space. The site is surrounded by apartments to the north and westerly side of the property and is located directly west of the Panorama City Mall anchored by Wal-Mart and Curacao. The mall ownership is in the process of evaluating redevelopment options for the site that include multi-family, commercial, and entertainment uses. In addition, construction has commenced on a $32 million upgrade of the Van Nuys Metrolink station which will be the centerpieve of the transprtation network in the San Fernando Valley. Included in the plans is a Metrolink stop at CEDROS ST. CEDROS TOBIAS ST. Roscoe Boulevard directly adjacent to the site. In additon, the intersection of Van Nuys and Roscoe Boulevards is one of the most heavily trafficked corners in the valley. The subject property is located on Roscoe Boulevard, one the region’s main commercial arterials with immediate access to the 405, 118, and 5 freeways. The size, location, and zoning of the site afford the buyer a wide range of potential commercial and residential uses. In addition, properties of this size and scale are very scarce in the Los Angeles infill markets further adding to the uniqueness and appeal of this opportunity. Property Highlights ROSCOE BLVD. Building Area Land Area Zoning 172,509 SF 8.7 Acres C2/P APN 2653-018-040, 2653-018-030, 2653-018-029, 2653-018-028, 2653-018-039, 2653-018-021, 2653-018-020, 2653-018-019, 2653-018-018 NEWMARK 11 PROPERTY DESCRIPTION Site Plan NEWMARK 12 PROPERTY DESCRIPTION Parcel Map CHASE ST. 11 111 10 12 82 112 Por 113 9 14 81 113 Por 115 44 8 80 116 Por 117 18 118 79 Por ROSCOE BLVD. 19 119 20 120 78 VAN NUYS BLVD. Por 121 21 122 77 Por 123 CEDROS AVE. CEDROS AVE. TOBIAS 124 40 125 76 Por 39 126 75 127 Por 128 129 74 Por 28 130 29 131 73 Por 30 132 ROSCOE BLVD. NEWMARK 13 PROPERTY DESCRIPTION Residential & Commercial Development PROJECT INFORMATION PROVIDED SPACES # OF SPACES % ACCESSIBLE 11 4.6% FLOOR STUDIO 1-BEDROOM 2-BEDROOM 3-BEDROOM TOTAL EV 12 5.0% 1st/2nd Floor 0 0 19 0 19 STANDARD SPACES 123 51.7% 3rd Floor 9 84 30 6 129 COMPACT SPACES 92 38.7% (40% MAXIMUM ALLOWED IN COMMERCIAL) 4th Floor 10 89 30 6 135 TOTAL COMMERCIAL SPACES 238 100.0% 5th Floor 10 89 30 6 135 6th Floor 10 89 29 5 130 ** NOTE: COMMERCIALPARKING MAY BE REDUCED IN THE ENTERPRISE ZONES PER THE LA CITY STANDS (2 SPACES PER 1,000 SF) 7th Floor 7 49 19 0 75 TOTALS 46 397 157 23 623 RESIDENTIAL BIKE PARKING PANORAMA CITY 623