6200 Avalon Boulevard LOS ANGELES, CA 90003 Exclusively Listed By: DEREK STEPHENS & ZACHARY ZANELLO NON-ENDORSEMENT & DISCLAIMER NOTICE CONFIDENTIALITY & 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. © 2019 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. OFFICES THROUGHOUT THE U.S. AND CANADA www.marcusmillichap.com TABLE OF CONTENTS 01 02 OFFERING SUMMARY MARKET COMPARABLES 03 MARKET OVERVIEW 6200 Avalon Boulevard LOS ANGELES, CA 90003 Section 1 Offering Summary 6200 AVALON BOULEVARD THE OFFERING Marcus & Millichap is pleased to offer for sale 6200 Avalon Boulevard, a 22 unit in- dustrial investment opportunity totaling approximately 84,795 square feet in the city of Los Angeles. The Property has historically operated at very high occupancy levels and is currently 100% occupied with month-to-month tenants. The tenant mix is diverse and unit sizes vary from 120 to 15,125 square feet. 6200 Avalon Boulevard offers an investor a rare multi-tenant industrial property in an extremely dense infill location, with current rents estimated to 29% below market. The Property is located on the southeast corner of Avalon Boulevard and East 62nd Street, approximately 1 mile east of the 110 Freeway. The Property features substan- tial frontage along Avalon Boulevard and resides within the 90003 zip code. Per Co- Star, this neighborhood currently operates with only 0.7% industrial vacancies and virtually no vacant land exists within the immediate vicinity to build competitive product. The Buyer of this Property has the opportunity to acquire rare multi-tenant industrial investment with stable occupancy. Investment Summary Price: $14,500,000 Rentable Area: 84,795 SF Pice/SF: $171.00 Pro Forma CAP Rate: 5.04% Lot Size: 87,562 SF Year Built: 1950 Clear Height: 16’- 22’ Ground Level Doors 16 Investment Highlights » Rare 22 Tenant Industrial Investment Opportunity » Historically High Occupancy Levels and Currently 100% Occupied » Diverse Tenant Mix with no Single Tenant Occupying Greater Than 18% of the Total Square Footage » 100% Month-to-Month Tenants with 29% Upside in Rents » Significant Avalon Boulevard Frontage and Immediate Access to the 110 Freeway » Close Proximity to Downtown Los Angeles, LAX and the Ports of Los Angeles and Long Beach 6 PROPERTY SUMMARY PROPERTY DESCRIPTION PROPERTY ADDRESS 6200 Avalon Boulevard Los Angeles, CA 90003 APN: 6007-010-001 Site Description Construction/Mechanical Type of Ownership Fee Simple Year Built 1950 Rentable Square Feet 84,795* Construction Type Mix - Frame/Stucco & Metal Lot Size Square Feet 87,562 Number of Floors 1 Floor Area Ratio (FAR) 0.97 Mezzanine 6,000 SF Office Zoning M2 Office Build Out 13.97% - 11,844 SF Landscaping None Clear Height 16’ - 22’ Parking Spaces N/A Sprinklers Yes 500’ on East 62nd Street /198’ on Avalon Street Frontage Ground Level Doors 16 Boulevard Power 600-2,600a/220-480v 3p 4w Cross Street East 62nd Street *LA County Tax Assesor has assessed the building at 81,734 SF. Buyer to verify during Due Diligence. PROPERTY SUMMARY 7 6200 AVALON BOULEVARD PARCEL MAP N 8 PROPERTY SUMMARY LOCAL MAP OPPORTUNITY ZONES Opportunity Fund Tax Benefits » Deferral of Capital Gains on Federal Tax through a Qualified Opportunity Fund. » Step-up in Basis (up to 15%) Depending on Holding Period. » Allows for Real Estate, as well as Securities, Partnership Inter- ests to be Invested in Opportu- 6200 AVALON nity Zones via Opportunity BOULEVARD Funds. SUBJECT PROPERTY » No Capital Gains Tax on the Opportunity Zone Investment Itself for Funds that Have Been Held for at Least 10 Years. QUALIFIED OPPORTUNITY ZONES N Low Income Community Non - LIC Contiguous PROPERTY SUMMARY 9 6200 AVALON BOULEVARD REGIONAL MAP A Subject Property to 4.3 Miles A DTLA 4.3 Miles Driving Distance B 6200 AVALON 1.0 Mile BOULEVARD SUBJECT PROPERTY Subject Property to 13.2 Miles B 110 Freeway C 1.0 Mile Driving Distance Subject Property to C LAX 13.2 Miles Driving Distance Subject Property to Ports of Los Angeles 16.0 Miles D 16.0 Miles Driving Distance D N 10 PROPERTY SUMMARY FINANCIAL OVERVIEW SUMMARY Price $14,500,000 Building Square Feet 84,795 Price/SF $171.00 Current NOI $528,689 Current CAP Rate 3.65% Pro Forma NOI $731,285 Pro Forma CAP Rate 5.04% Lot Size (Acres) 2.01 Lot Size (SF) 87,562 Price/Land SF $165.60 Type of Ownership Fee Simple PROPERTY SUMMARY 11 6200 AVALON BOULEVARD RENT ROLL % OF LEASE LEASE MONTHLY RENT/ LEASE UTILITIES UNIT TENANT SF TYPE OF BUSINESS TOTAL SF COMMENCE EXPIRE RENT SF TYPE REIMBURSEMENT 1 LA Rug Inc. 15,125 17.83% 1/1/04 MTM $10,518 $0.70 IG Import, Export & Wholesale of Area Rugs 2 A & B Maria Mendoza Lopez 1,330 1.56% 9/1/13 MTM $1,800 $1.35 IG Dancing Room 3 C Guadalupe Caceres Arquello 525 0.62% 4/6/11 MTM $725 $1.38 IG Discount Store 4 D Pedro Rosales 595 0.70% 10/1/13 MTM $825 $1.39 MG Offices $50/Month 5 E Dina Flores dba Dina’s Beauty Salon 700 0.82% 2/1/10 MTM $925 $1.32 IG Beauty Salon 6 L Ruben Garcia dba Lineage Custom Design 3,995 4.71% 11/1/17 MTM $3,150 $0.79 MG Upholstery $0.25/Kwh 7 M Daniela Avila dba JV Cabinets 2,890 3.40% 10/16/17 MTM $1,750 $0.61 MG Wood Working $0.25/Kwh 8 N Zandi dba AZ Imports 3,200 3.77% 1/1/17 MTM $2,750 $0.86 IG Rug Wholesaler 9 P Susan Stracha-Profusion Development 3,315 3.90% 11/1/14 MTM $2,680 $0.81 IG Staging 10 610A Soon Hee Choi Jang-Go Glam Inc. 4,000 4.71% 9/16/15 MTM $4,000 $1.00 MG Sewing Company $0.25/Kwh 11 610B Salvador Hernandez 2,750 3.24% MTM $2,650 $0.96 IG Sewing Company 12 612 Masoud Khalifian 6,750 7.96% 8/1/12 MTM $4,725 $0.70 MG Warehouse/Furniture $0.25/Kwh 13 614 Gonzales (Jalpitas) 8,370 9.87% 11/10/04 MTM $6,150 $0.73 MG Frame & Matress Factory $0.22/Kwh+Water 14 620 Luis Ballestero dba G & A Glass 8,750 10.31% 1/1/03 MTM $6,435 $0.74 MG Furniture & Glass Factory $0.25/Kwh+Water 15 626A Mauricio Almanza dba MA 39 Inc. 4,104 4.83% 3/1/18 MTM $3,500 $0.85 IG 16 626B Victor Guzman - Lanzagorta Fashion and Cutting 5,106 6.02% 3/1/18 MTM $3,800 $0.74 IG Cutting Services 17 626C Prince Shareyar dba Fortune Metal Scrap Co., LLC 1,040 1.22% 5/15/18 MTM $1,200 $1.15 IG Storage 18 626D1 Prince Shareyar dba Fortune Metal Scrap Co., LLC 1,525 1.79% 9/15/18 MTM $1,525 $1.00 IG Storage 19 626D2 Joel Hernandez 1,525 1.79% 9/15/18 MTM $1,525 $1.00 IG Wholesale/Industrial Space 20 628 Cynthia Ann Ciskowski 3,200 3.77% 3/15/11 MTM $2,750 $0.86 IG Lamps Industry 21 2nd Floor Cityreach Network Inc. 5,880 6.93% 9/1/17 MTM $3,500 $0.60 MG Church $150/Month 22 2nd Floor Yanellin Romero 120 0.14% 1/1/15 MTM $500 $4.17 IG Office Parking Rolando Lemus 0 0% $2,500 $0 TOTAL 84,795 100% $69,883 $23.71 12 PROPERTY SUMMARY PRO FORMA RENT ROLL PRO FORMA PRO FORMA MONTHLY MONTHLY ANNUALIZED UNIT TENANT SF MONTHLY ANNUALIZED $/SF VARIANCE % VARIANCE RENT RENT/SF RENT RENT/ SF RENT 1 LA Rug Inc.