INVESTMENT/dEVElopMENT opporTuNITy · NN (roof) United States postal Service retail 1925-1936 /...
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HYTHUM KISWANI 310.431.5411 | [email protected] TheEnsburyGroup.com INVESTMENT/DEVELOPMENT OPPORTUNITY CRENSHAW POST OFFICE | 56,000+ SF LOT
Transcript of INVESTMENT/dEVElopMENT opporTuNITy · NN (roof) United States postal Service retail 1925-1936 /...
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hythumkiswani310.431.5411 | [email protected] TheEnsburyGroup.com
INVESTMENT/dEVElopMENT opporTuNITyCrenshaw Post offiCe | 56,000+ sf Lot
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Offering Memorandum 2
propertyprofile
ProPerty address
desCriPtion
aPn
Land area
BuiLding area
PerCentage Leased
Lease tyPe
tenant Credit
year BuiLt / renovated
Parking
5462 & 5472 Crenshaw Blvd, los Angeles 90043
5455 11th Avenue, los Angeles 90043
2 Units - retail
5006-008-027 | 5006-008-028 | 5006-008-024
5006-008-022 | 5006-008-023
56,662 Square feet
21,192 Square feet
100%
NN (roof)
United States postal Service
retail
1925-1936 / 1973
72± parking Spots
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Offering Memorandum 3
investmenthighlights
This five parcel offering, totaling 56,000+ of land is an ideal asset for built-to-suit developers and investors looking for a “value-add” potential. While the current CAP is low, the current rents on the property are nearly 1/6 of market rents.
The Post Office has 1 five-year option in 2018. The offering provides incomes while working on the best possible tenant to occupy the high-traffic count retail facility.
parcel #
5006-008-027
5006-008-028
5006-008-024
5006-008-022
5006-008-023
Total
Current Annual Rent
Current Market Rent
Anticipated Future Market Rent(5-7 years)
CAP Rate
offering price
Current Market rent Value
future Market rents Value
Building Size
4,410 SF
16,782 SF
21,192 Sf
5%
proforMA
$6,357,600
$9,917,856
lot Size
5,331 SF
17,546 SF
11,286 SF
15,000 SF
7,499 SF
56,662 Sf
$53,404
$317,880
$495,893
6%
$5,298,000
$8,264,880
Address
5462 Crenshaw Blvd.
5472 Crenshaw Blvd.
5455 11th Ave.
5455 11th Ave.
5455 11th Ave.
$0.21
$1.25
$1.95
1.4%
$3,700,000
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In addition, the subject property will benefit greatly upon the completion of the new Metro Crenshaw/LAX line. The Metro train will run directly in front of 5472 Crenshaw, with the nearest station two blocks south at the corner of Slauson and Crenshaw.
See the links below for more information about Crenshaw Blvd., surrounding area, and the benefits and impact of Crenshaw/LAX Metro Line:
La.curbed.com-Inglewood Development
La.curbed.com-stop to LAX
Redevelopment plan
LA City Planning Market Analysis
Offering Memorandum 4
locationhighlighTS
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Offering Memorandum 5
locationhighlighTS
Soft Corner location, 2 Blocks from Slauson.The new Metro Line connecting area to LAX will be on Crenshaw, bringing more foot traffic and commerce.
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Offering Memorandum 6
locationhighlighTS
Traffic Count on Crenshaw is Over 40,000 Vehicles Per Day.
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Offering Memorandum 7
locationhighlighTS
8 Miles from Downtown Los Angeles.Subject property is on one of the major arteries of the city, connecting Hollywood to the coast.
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Offering Memorandum 8
locationhighlighTS
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Offering Memorandum 9
BuilDinGhighlighTS
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Office: 310.546.5171 | Mobile: 310.431.5411 | [email protected] | BRE 013135201334 Parkview Avenue, Suite 100 | Manhattan Beach, California 90266
© 2015 The Ensbury Group of KW Commercial. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. 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.
hythumkiswanisenior investment aDvisor
for More iNforMATioN pleASe CoNTACT:
INVESTMENT/dEVElopMENT opporTuNITyCrenshaw Post offiCe | 56,000+ sf Lot
