11500 S. VERMONT AVE. LOS ANGELES, CA 90044€¦ · 1. 11500 s. vermont ave. los angeles, ca 90044....
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11500 S. VERMONT AVE. LOS ANGELES, CA 90044 MEDICAL / OFFICE / 90% FINANCING OWNER-USER OPPORTUNITY - MTM TENANCY OFFERING MEMORANDUM | $2,500,000
Transcript of 11500 S. VERMONT AVE. LOS ANGELES, CA 90044€¦ · 1. 11500 s. vermont ave. los angeles, ca 90044....
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11500 S. VERMONT AVE.LOS ANGELES, CA 90044MEDICAL / OFFICE / 90% FINANCINGOWNER-USER OPPORTUNITY - MTM TENANCY
OFFERING MEMORANDUM | $2,500,000
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This Memorandum (“Offering Memorandum”) has been prepared by Hudson Commercial Partners, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice.
This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Hudson Commercial Partners, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property.
This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum.
This Memorandum is being delivered by Hudson Commercial Partners, Inc.to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers. Hudson Commercial Partners, Inc. reserves the right to request the return of any or all of the information enclosed.
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TABLE OF CONTENTS
SECTION ONE 04EXECUTIVE PROFILE
SECTION TWO 10PROPERTY INFORMATION
© 2014 Hudson Partners, Inc. & BRC Advisors. The information contained in this document has been obtained from sources believed reliable. While Hudson Partners, Inc. & BRC Advisors does not doubt its accuracy, Hudson Partners, Inc. & BRC Advisors has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Hudson Partners, Inc. & BRC Advisors and the Hudson Partners, Inc. & BRC Advisors logos are service marks of Hudson Partners, Inc. & BRC Advisors and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
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SECTION 1 | EXECU
TIVE OVERVIEW
6 - BRC ADVISORS & HUDSON PARTNERS, INC.
OFFERING OVERVIEW
Hudson Partners and BRC Advisors have been exclusively retained to market a contiguous three property portfolio of medical and general office
buildings, situated at the corner of Vermont Avenue and West 115th street. The first building is 11500 Vermont, a mixed-use corner property with
a single-tenant on a master lease. It has 4 apartment units on the upstairs portion, with a unit mix (1) 2 bd +1 1/2 ba, (3) 1 bd + 1 ba and the
ground-floor is currently a dispensary. The middle building is two-story medical property, consisting of four month-to-month tenants which includes
a 2,500lb and 16 person capacity elevator. The third structure is a free-standing dental building and is approximately 1,088 SF. There is plenty of
parking and the buildings have excellent ingress/egress from Vermont Ave. and 115th Street. This opportunity is adjacent to the Metro Station
(Vermont/Athens) and rapid bus transit, along with a massive pending multi-family project immediately to the south. (see page 15)
Nestled between the northwest interchange of the 110 and 105 freeways, immediately next to Vermont/Athens Metro Station. Just 0.8 miles west
of this development site is the campus of Los Angeles Southwest College, walking distance away and 1.5 miles away from Chester Washington
Golf Course.
PROPERTY HIGHLIGHTS
• 0.8 Miles away- Los Angeles Southwest College
• Adjacent to Metro Station / Rapid Bus Transit
• Next to Rapid Bus Transit
• 90% Financing Available (SBA)
• MTM Tenancy
BRC ADVISORS & HUDSON PARTNERS, INC. - 7
PROPERTY INFORMATION
OFFERING INFORMATIONDESCRIPTION SPECS
PRICE $2,500,000
TOTAL BUILDING SIZE 14,906 SF
TOTAL LOT SIZE 23,886 SF
LEASE TYPE / TERM Modified Gross/MTM
PARCEL NUMBER 6088-009-002, 6088-009-032, 6088-009-0056088-009-006, 6088-009-009
PARKING 49 Spaces
PARKING RATIO 3.29 / 1,000 SF
LOT DIMENSIONS 95’ x 140’ & 40’ x 130’
STREET FRONTAGE 140’ on Vermont Ave270’ on 115th St.
HIGHWAY ACCESS 105 and 110 Freeway
YEAR BUILT 1954 & 1955
ZONING C1-1VL / R1-1
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# TENANT SQUARE FOOTAGE MONTHLY RENT RENT PSF LEASE TYPE LEASE START LEASE EXPIRES OPTION
11500 Vermont Very Caring Wellness, LLC 2,949 SF $3,750 $1.27 Modified Gross 08/01/2015 Month-to-Month None
11500 VermontFloor 2
4 Apt Units3 (1+1), 1 (2+1/2) 2,949 SF $3,750 $1.27 Modified Gross 08/01/2015 Month-to-Month None
11504 VermontSuite A
Calvary Medical Clinic Inc 1,700 SF $1,700 $1.00 Modified Gross 07/01/2005 Month-to-Month None
11504 VermontSuite A1 Drew PC Group 50 SF $100 $2.00 Modified Gross 04/01/2012 Month-to-Month None
11504 Vermont The Vidal Woman’s Medical Clinic 3,000 SF $3,000 $1.00 Modified Gross 02/01/2012 Month-to-Month None
11504 VermontSuite C
The Weingart Center Association 1,585 SF $1,071 $0.68 Modified Gross 09/01/2014 Month-to-Month None
11504 VermontSuite D
The Weingart Center Association 1,585 SF $1,071 $0.68 Modified Gross 03/01/2016 02/28/2017 None
11510 Vermont Dentist 1,088 SF $1,000 $0.92 Modified Gross 06/01/2015 Month-to-Month None
14,906 SF$15,442 AVG. PSF
$1.08$185,304
RENT ROLL - MONTH-TO-MONTH TENANCY
BRC ADVISORS & HUDSON PARTNERS, INC. - 9
USER OCCUPANCY COSTS
SUMMARY TERMS
PRICE $2,500,000
DOWN PAYMENT (10%) $250,000
GROSS SQUARE FEET 14,906 SF
PRICE PER FOOT ON BUILDING $167.72
LOT SIZE $23,886 SF
PRICE PER FOOT ON LAND $104.66
YEAR BUILT 1954 & 1955
ZONING C1-1VL / R1-1
SUMMARY TERMS
LOAN AMOUNT $2,250,000
LOAN TYPE SBA
BLENDED SBA RATE 4.25%
BLENDED AMORTIZATION 25 Years
10% DownPayment / scenario
LOAN ASSUMPTIONS
DESCRIPTION ESTIMATED PSF
OPERATING EXPENSES
TAXES (1.192%) $29,800 $2.00
INSURANCE $6,708 $0.45
UTILITIES $22,359 $1.50
REPAIRS & MAINTENANCE $18,633 $1.25
CAPITAL RESERVES/MISC $3,727 $0.25
TOTAL OPERATING EXPENSES $81,227 $5.45
DEBT SERVICE $146,268 $9.81
TOTAL OCCUPANCY COSTS $227,495 $15.26
MONTHLY PSF(before tax advantages of ownership) $1.27 PSF
ESTIMATED ANNUALIZED | USER OCCUPANCY COSTS
LOS ANGELES SOUTHWEST COLLEGE - 0.8 MILES AWAY FROM SUBJECT PROPERTY
SECTION 2 | PRO
PERTY INFO
RMATIO
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3 COMMERCIAL BUILDING | SEPERATE PARCELS
BRC ADVISORS & HUDSON PARTNERS, INC. - 13
PLAT MAP
PAR
KIN
G L
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AERIAL OVERVIEW
BRC ADVISORS & HUDSON PARTNERS, INC. - 15
UNDER CONTRACT - ADJACENT MEGA HOUSING PROJECT
16 - BRC ADVISORS & HUDSON PARTNERS, INC.
JAY MARTINEZManaging Principal
18801 Ventura Blvd., Suite 310Tarzana, CA 91356
Cal BRE: 01367663
CONTACTCELL PHONE818.212.3057
PHONE310.658.3375
FAX818.688.8140
WEBSITEwww.hudson-partners.com
ELIZABETH CLARKSenior Vice President
9301 Wilshire Blvd., Suite 206Beverly Hills, CA 90210
Cal BRE: 01811246
CONTACTCELL PHONE310.740.7283
PHONE310.525.3702
FAX320.421.4184
WEBSITEwww.brcadvisors.com
