LEASED INVESTMENT FOR SALE 530 Montebello Way Montebello ... · 530 Montebello Way Montebello •...
Transcript of LEASED INVESTMENT FOR SALE 530 Montebello Way Montebello ... · 530 Montebello Way Montebello •...
OFFERING MEMORANDUMPrepared by:
JEFFREY HUBBARD TONY NAPLESSenior Vice President Senior Vice President
323.767.2037 [email protected] [email protected]. NO. 00982290 LIC. NO. 0181134
8-Unit Industrial ParkLEASED INVESTMENT FOR SALE
5330 Moonttebeello WWaayy M o n t e b e l l o • C a l i f o r n i a • 9 0 6 4 0
CCCaaaapppp RRRRaaaatteee!
TABLE OF CONTENTS
SECTTION I -- EXXEECUTTIIVE OVERVVIIEEWW Property Overview
Executive Summary
Value Analysis
SECTTIONN I I - PROOPEERTYY DESCRRIIPPTTIION Property Photos
Plat Map
Aerial View
SECTTIONN I I II - AREEAA DESSCCRIPTIIOONN Area Map
Location Overview
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
Seection I
EXECUTIVE OVERVIEW
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
PPRROOPERTY OVERVIEW
The facility consists of an 8-unit industrial park of approximately 7,692 square feet on an approximate 19,421 square foot parcel of land. There is 41.5% coverage. There is approximately 28 parking spaces. The property is secured by a wrought iron fence. The building was recently renovated and is 100% occupied.
PROPERTY ATTRIBUTES
• Sought after small industrial park for sale.• 100% leased.• Recently renovated.• Great location, close to 5, 10 and 605 freeways.• Oversized yard area.
MONTEBELLO WY
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
EXXEECUTIVE SUMMARY
PROPERTY ADDRESS:. . . . . . . 530 Montebello Way Montebello, California 90640
SALE PRICE: . . . . . . . . . . . . $1,450,000
PROPERTY OVERVIEW
YEAR BUILLT: . . . . . . . . . . . . 1979
BUILDINGNG SIZE: . . . . . . . . . . 7,692 SF
LAND AAREA: . . . . . . . . . . . . 19,421 SF
PARKINNG: . . . . . . . . . . . . . 28 Spaces
ZONINNG: . . . . . . . . . . . . . . M-1
NUMMBER OF UNNITS:. . . . . . . . 8 Individual Units
SITE COVERAGEE: . . . . . . . . . 41.5%
APN: . . . . . . . . . . . . . . . . 6350-022-029
OCCUUPANCY: . . . . . . . . . . . 100%
CEILINNG HEIGHT:: . . . . . . . . . 14’ Clear
POWERR: . . . . . . . . . . . . . . 400 Amps, 240 Volt, 3 Phase, 4 Wire
Compressed Air Throughout Entire Building
MO
NTEBELLO
WY
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
FFIINNANCIAL ANALYSIS
GROSS INCOME: . . . . . . . . . . . . . . . . . . . . . . . . . . $123,120
EXPENSES:
- UTILITITIES: . . . . . . . . . . . . . . . . . . . . . . . . . .$12,000 - TAX: . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$13,400 - INSSUURANCE: . . . . . . . . . . . . . . . . . . . . . . . . $3,300
$28,700
NET OPERRATING INCOCOME:: . . . . . . . . . . . . . . . . . . . . . .$94,420
VALUAATION:
- NOI: . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$94,420
- CAP RRAATE: . . . . . . . . . . . . . . . . . . . . . . . . . . 6.5%
- OPINION OOF VALUUE: . . . . . . . . . . . . . . . . . . $1,450,000
MO
NTEBELLO
WY
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
RRENT ROOLL
$0.00
Lease Start
2/15/2015
12/1/2014
12/1/2014
3/1/2013
2/1/2015
4/1/2015
2/29/2015
Lease End
2/29/2017
11/30/2017
11/30/2016
2/29/2017
1/31/2017
3/31/2016
2/29/2017
Actual rent
$1,300.00
$1,260.00
$1,300.00
$1,300.00
$1,300.00
$1,200.00
$2,600.00
$10,260.00
Deposits Held
$2,600.00
$1,200.00
$1,200.00
$2,600.00
$2,400.00
$2,150.00
$12,150.00
Unit
1 Tenant 12 Tenant 23 Tenant 34 Tenant 45 Tenant 56 Tenant 67 Tenant 7-8
Total for 530 Montebello
530 Montebello
* All tenants are shop or auto related uses.
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
Seection II
PROPERTY DESCRIPTION
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
PPLAT MMAP
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
AAERRIAL VIEEWS
MONTEBELLO WY
TRUCK WY
SAN MARINO AVEW CARMELITA AV
W MINES AVE
W OLYMPIC BLVD
S GRE
ENW
OOD AVE
S MONTE
BELL
O BVD
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
Seection III
AREA DESCRIPTION
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
AAREA MMAP
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
LLOCAATIOONN OVERRVIEW
CITY OF MONTEBELLO
Montebello is a city in Los Angeles County, California, United States, located in the southwestern area of the San Gabriel Valley on 8.4 square miles. Eight miles east of Downtown Los Angeles i t is considered part of the Gateway Cit ies, and is a member of the Gateway Cit ies Council of Governments. In the early 20th century, Montebello was a well-known source for oi l reserves. At the 2010 census, the population was 62,500. The estimated population as of July 1, 2013 was 63,495.
The colorful and romantic history of Montebello dates back to the days of the Franciscan Missionaries, Fathers Angel Somera and Pedro Cambon, who, on September 9, 1771, established the original San Gabriel Mission near where San Gabriel Boulevard now crosses the Rio Hondo River.
The City of Montebello originally consisted of parts of Rancho San Antonio, Rancho La Merced, and Rancho Paso de Bartolo. Here on the banks of the Rio Hondo, the last armed confl ict was staged with Mexico for possession of California at the Batt le of the Rio San Gabriel on January 8, 1847. The old Juan Matias Sanchez Adobe remains standing just north of the intersection of La Merced and Lincoln Avenue, the heart of the old La Merced Rancho. The old adobe has just recently been restored to i ts original splendor.
530 Montebello Wy, Montebello, CA 90640
Lee & Associates® - Commercial Real Estate Services
www.leee-aaassosocciiattess.com
LEE & ASSOCIATES® - COMMERCE INC.
500 Citadel Drive, Suite 140Commerce, California 90040
• 323.720.8484 • 323.720.8474 LIC. NO. 01125429
For More information Please Contact:
530 Montebello Way M o n t e b e l l o • C a l i f o r n i a • 9 0 6 4 0
JEFFREY HUBBARDSenior Vice President
• 323.767.2037 • [email protected]
LIC. NO. 00982290
TONY NAPLESSenior Vice President
• 323.767.2117 • [email protected]
LIC. NO. 0181134