LEASED INVESTMENT FOR SALE 530 Montebello Way Montebello ... · 530 Montebello Way Montebello •...

transcript

OFFERING MEMORANDUMPrepared by:

JEFFREY HUBBARD TONY NAPLESSenior Vice President Senior Vice President

323.767.2037 323.767.2117jhubbard@lee-associates.com tnaples@lee-associates.comLIC. 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

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

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

NTEBELLO

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

NTEBELLO

RRENT ROOLL

Lease Start

2/15/2015

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

$1,200.00

$2,600.00

$10,260.00

Deposits Held

$2,600.00

$1,200.00

$2,600.00

$2,400.00

$2,150.00

$12,150.00

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.

Seection II

PROPERTY DESCRIPTION

PPLAT MMAP

AAERRIAL VIEEWS

MONTEBELLO WY

TRUCK WY

SAN MARINO AVEW CARMELITA AV

W MINES AVE

W OLYMPIC BLVD

OOD AVE

S MONTE

Seection III

AREA DESCRIPTION

AAREA MMAP

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.

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 • jhubbard@lee-associates.com

LIC. NO. 00982290

TONY NAPLESSenior Vice President

• 323.767.2117 • tnaples@lee-associates.com

LIC. NO. 0181134

LEASED INVESTMENT FOR SALE 530 Montebello Way Montebello ... · 530 Montebello Way Montebello •...

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