Marketing Package for Garfield Coin Laundry and Property

Transcription

1 3440 Wilshire Blvd. Ste #490, Los Angeles, CA Tel: , Fax: Marketing Package for Garfield and Property Location: 888 N Garfield Ave, Montebello, CA Price: $2,000,000 including Property and Business Square Feet: Lot Size: 5,241 SF Property Type: Commercial Building Style: Owner Occupied Building Property Usage: Service Shop Contact Point: Kenny Yoo , Kenny.yoo2013@gmail.com

2 Property Summary Report 888 N Garfield Ave - Montebello, CA Southeast Los Angeles Submarket BUILDING Type: Retail Subtype: Storefront Tenancy: Single Year Built: 1953 GLA: Floors: 1 Typical Floor: Construction: Reinforced Concrete LAND Land Area: 0.12 AC Zoning: C2, Montebello Parcel EXPENSES PER SF Taxes: $3.68 (2017) KEY TENANTS Garfield 4,964 SF LEASING Available Spaces: 500-4,900 SF Available in 2 Spaces Availability: 100% Available; 100% Vacant AVAILABLE SPACES Floor Suite Use Type SF Avail Flr Contig Bldg Contig Rent Occupancy Term P 1st A Retail Relet 4,900 4,900 4,900 $1.75/NNN Vacant Negotiable P 1st B Retail Relet $5.00/MG Vacant Negotiable SALE Last Sale: Sold on May 15, 2015 for $1,250,000 ($231.48/SF) TRAFFIC & FRONTAGE Traffic Volume: 14,246 on Via Campo & N Garfield Ave (2017) 34,116 on N Garfield Ave & Via Daviso (2017) Frontage: 51' on Garfield Ave Made with TrafficMetrix Products Page 1

3 Property Summary Report 888 N Garfield Ave - Montebello, CA Southeast Los Angeles Submarket TRANSPORTATION Parking: 4 Surface Spaces are available; Ratio of 0.81/1,000 SF Commuter Rail: 7 minute drive to Montebello/Commerce Commuter Rail (Riverside Line) Airport: 25 minute drive to Long Beach-Daugherty Field Airport Walk Score : Very Walkable (76) Transit Score : Some Transit (35) PROPERTY CONTACTS True Owner: Amirian-Stephanian Family Trust Recorded Owner: Amirian-Stephanian Family Trust Prior True Owner: W & H Chois, Inc. MARKET CONDITIONS Vacancy Rates Current YOY Current Building 100% 100% Submarket 1-3 Star 3.4% -0.2% Market Overall 3.8% -0.1% NNN Asking Rents Per SF Current YOY Current Building $1.75 Submarket 1-3 Star $ % Market Overall $ % Submarket Leasing Activity Current YOY 12 Mo. Leased SF 522, % Months On Market mo Submarket Sales Activity Current YOY 12 Mo. Sales Volume (Mil.) $ % 12 Mo. Price Per SF $ % Page 2

4 Aerial / Map Report 888 N Garfield Ave - Montebello, CA Page 3

5 Aerial / Map Report 888 N Garfield Ave - Montebello, CA Page 4

6 Demographic Summary Report Building Type: Secondary: GLA: Year Built: General Retail Storefront N Garfield Ave, Montebello, CA Total Available: % Leased: Rent/SF/Mo: 0% $2.05 Radius 1 Mile 3 Mile 5 Mile Population 2023 Projection 25, , , Estimate 25, , , Census 24, , ,767 Growth % 1.32% 1.18% Growth % 1.13% 0.33% 2018 Population by Hispanic Origin 17, , , Population 25, , ,159 White 17, % 170, % 521, % Black % 2, % 9, % Am. Indian & Alaskan % 4, % 13, % Asian 6, % 72, % 164, % Hawaiian & Pacific Island % % 1, % Other % 4, % 11, % U.S. Armed Forces Households 2023 Projection 8,193 74, , Estimate 8,075 73, , Census 7,921 72, ,930 Growth % 1.33% 1.20% Growth % 1.18% 0.41% Owner Occupied 4, % 35, % 89, % Renter Occupied 3, % 38, % 111, % 2018 Households by HH Income 8,074 73, ,757 Income: <$25,000 1, % 18, % 51, % Income: $25,000 - $50,000 1, % 17, % 49, % Income: $50,000 - $75,000 1, % 12, % 35, % Income: $75,000 - $100,000 1, % 8, % 24, % Income: $100,000 - $125, % 5, % 15, % Income: $125,000 - $150, % 3, % 9, % Income: $150,000 - $200, % 3, % 8, % Income: $200, % 2, % 6, % 2018 Avg Household Income $80,111 $70,196 $66, Med Household Income $62,876 $50,650 $49,507 Page 5

7 Traffic Count Report Building Type: Secondary: GLA: Year Built: Total Available: % Leased: Rent/SF/Mo: General Retail Storefront % $ N Garfield Ave, Montebello, CA Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 Via Campo N Garfield Ave 0.14 W ,246 MPSI.11 2 N Garfield Ave Via Daviso 0.02 S ,116 MPSI.15 3 Via Campo St Via Campo 0.03 E ,828 MPSI.19 4 S Garfield Ave W Fernfield Dr 0.05 S ,500 MPSI.20 5 N Wilcox Ave Via Paseo 0.11 S ,505 MPSI.26 6 Via Campo St Via Campo 0.12 E ,341 ADT.29 7 Wilcox Ave E Gleason St 0.02 N ,500 MPSI.31 8 E Pomona Blvd Fulton Ave 0.06 E ,150 MPSI.33 9 N Garfield Ave Via Altamira 0.04 NE ,240 MPSI E Markland Dr Bluffdale St 0.01 E ,400 MPSI.41 Page 6