GRANADA HILLS RETAIL STRIP - LEASEHOLD INTEREST
OFFERING MEMORANDUM
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
GRANADA HILLS, CA
Granada Hills Retail Strip
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.
NON-ENDORSEMENT NOTICE
Section 1 PRICING AND FINANCIAL ANALYSIS
Section 2 PROPERTY DESCRIPTION
Section 3 RECENT SALES
Section 4 RENT COMPARABLES
Section 5 DEMOGRAPHIC ANALYSIS
TABLE OF CONTENTS
Granada Hills Retail StripGRANADA HILLS, CA
10670-10690 Balboa Boulevard
Granada Hills, CA 91344
Price $1,425,000
Down Payment 50.0% / $712,500
Gross Leasable Area (GLA) 11,050
Price/SF $128.96
CAP Rate - Current 11.45%
Lot Size 21,963 SF
Year Built 1986
FIRST TRUST DEED
Loan Amount $712,500
Loan Type Proposed New
Interest Rate 4.75%
Amortization 15 Years
Annualized Operating Data
Income Current
Base Rent
Occupied Space $370,123
Gross Potential Rent $370,123
Expense Reimbursements $60,868
Gross Potential Income $430,991
Vacancy/Collection Allowance 3% / $11,104
Effective Gross Income $419,887
Total Expenses $256,669
Net Operating Income $163,218
Debt Service $66,505
Debt Coverage Ratio 2.45
Net Cash Flow After Debt Service 13.57% / $96,714
Principal Reduction $33,381
Total Return 18.26% / $130,095
Location
PRICING AND FINANCIAL ANALYSIS
Financing
Granada Hills Retail StripGRANADA HILLS, CA
Expenses
Property Tax $55,983
Insurance $7,341
Ground Lease $150,000
CAM
Utilities $7,158
Repairs & Maintenance $2,275
Security $1,770
Gardner $2,589
Garbage Disposal $5,796
TOTAL CAM $19,588
Management Fee (% of EGI) 5% / $20,994
Reserves / Replacements $2,763
TOTAL EXPENSES $256,669
EXPENSES/SF $23.23
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 X0121647 Marcus &Millichap. All rights reserved.
Loan information is time sensitive and subject to
change. Contact your local Marcus & Millichap
Capital Corporation representative.
FINANCIAL OVERVIEW
*
* Ground Lessee Responsible for Real Estate Taxes
which will remain unchanged as Land is not being
sold/reassessed
*Ground Lease Increases:
8/2020 - 7/2025: $165,000/Year
8/2025 - 7/2030: $200,000/Year
8/2030 - 1/2033: $220,000/Year
NOTE: Both Ground Lessee and Lessor have First Right of Refusal with 15 Days to Respond to Notification.
PRICING AND FINANCIAL ANALYSIS
Granada Hills Retail StripGRANADA HILLS, CA
Comments
Rent Roll reflects January 2017. Metro PCS has one free month of rent per year (September) - not reflected on Rent Roll. Billboard renews 12
months at a time, no options.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 X0121647 Marcus &Millichap. All rights reserved.
Suite Tenant GLA % of
GLA
Lease
Commence
Lease
Expire
Monthly
Rent
Rent/
SF
Changes
On
Changes
To
Expense
Reimbs.
Other:
Options/ %
Rent
Lease
Type
10670 Metro PCS 1,100 9.95% 12/1/2014 11/30/2019 $2,094.00 $1.90 12/1/2017 $2,204.25 $400.00 5 x 5 Yr FMV NNN
10670A Global Satellite 1,300 11.76% 1/1/2016 12/31/2017 $3,508.00 $2.70 $455.00 NNN
10670B Foot Massage 1,375 12.44% 9/1/2011 8/31/2018 $3,307.50 $2.41 9/1/2017 $3,472.88 $500.00 1 x 5 Yr FMV NNN
10676 Thai Restaurant 1,375 12.44% 6/1/2009 5/31/2020 $3,849.93 $2.80 6/1/2017 $4,042.43 $687.50 NNN
10678 2 for 1 Pizza 800 7.24% 3/1/2010 4/30/2021 $2,320.00 $2.90 5/1/2017 $2,552.00 $336.00 NNN
10680 Subway 1,000 9.05% 3/27/2011 2/28/2021 $2,514.99 $2.51 3/1/2017 $2,590.44 $600.00 1 x 5 Yr FMV NNN
10682 Gamsa Pain Clinic 1,600 14.48% 1/15/2015 1/14/2018 $3,307.50 $2.07 $560.00 1 x 3 Yr FMV NNN
10690 7-Eleven 2,500 22.62% 5/1/2011 4/30/2021 $8,900.00 $3.56 $1,533.87 NNN
Billboard 0 0.00% 4/1/2014 3/31/2017 $1,041.67
TOTAL VACANT
TOTAL OCCUPIED 11,050 100.00% $30,843.59 $14,862.00 $5,072.37
TOTAL 11,050 100.00% $30,843.59 $14,862.00 $5,072.37
TENANT SUMMARY
PRICING AND FINANCIAL ANALYSIS
Granada Hills Retail StripGRANADA HILLS, CA
For The Year Beginning Year 1
Jan 2017
Year 2
Jan 2018
Year 3
Jan 2019
Year 4
Jan 2020
Year 5
Jan 2021
Year 6
Jan 2022
Year 7
Jan 2023
Year 8
Jan 2024
Year 9
Jan 2025
Year 10
Jan 2026
Tenant(s) Name Global
Satellite
Billboard
Foot
Massage
Gamsa Pain
Clinic
Metro PCS Thai
Restaurant
2 for 1 Pizza
Subway
7-Eleven
Total Number of Tenants 2 2 1 1 3
Total Square Feet 1,300 2,975 1,100 1,375 4,300
Total Percentage 11.8% 26.9% 10.0% 12.4% 38.9%
Cumulative Percentage 11.8% 38.7% 48.6% 61.1% 100.0%
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 X0121647 Marcus &Millichap. All rights reserved.
Percentage of SF Expiring Number of Tenants Expiring Cumulative % of SF Expiring
0%
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30%
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50%
60%
70%
80%
90%
100%
To
tal P
roje
ct S
qu
are
Fo
ota
ge
0
1
2
3
Nu
mb
er
of T
en
an
tsJan 2017
12%Jan 2018
27%Jan 2019
10%Jan 2020
12%Jan 2021
39%Jan 2022
0%Jan 2023
0%Jan 2024
0%Jan 2025
0%Jan 2026
0%
LEASE EXPIRATION SUMMARY
Any projections, opinions, assumptions or estimates used here within are for example purposes only and do not represent the current or future performance of the property.
Marcus & Millichap is pleased to present for sale the Leasehold Interest (improvements only) located at 10670-10690 Balboa Boulevard Granada Hills, California 91344. At an extremely attractive CAP rate of 11.45 percent and a highly competitive price per square foot of only $129, this property will provide the new owner with a large amount of cash flow through the end of the Ground Lease (January 31, 2033).
Ground Lease terms: current rate through July 2020 is $150,000 per year; August 2020 through July 2025 rate is $165,000; August 2025 through July 2030 rate is $200,000 per year; August 2030 through January 2033 rate is $220,000 per year. Both Ground Lessee and Lessor have first right of refusal with 15 days to respond to notification.
Anchored by 7-Eleven, Subway, and Metro PCS, this property is located in the highly desirable San Fernando Valley neighborhood of Granada Hills. Average household income and population in three-mile radius $95,000 and 152,000 respectively.
Adding to this property's appeal is a Billboard that provides income while requiring no square footage.
Investment Highlights
■ Ideal San Fernando Valley Location
■ Extremely Busy Street Corner - Combined Traffic Counts Exceed 90,000
■ Anchored by 7-Eleven and Subway
■ High Income Neighborhood of Granada Hills
■ Average Household Income Three-Mile Radius $95,000
■ Dense Suburban Market - Population Three-Mile Radius 152,000
■ Billboard Provides Additional Income Requiring No Square Footage
■ High Cash Flow - 11 .45 Percent CAP Rate
PROPERTY DESCRIPTION
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 X0121647 Marcus &Millichap. All rights reserved.
INVESTMENT OVERVIEW
The Offering
Property Granada Hills Retail Strip
Property Address 10670-10690 Balboa Boulevard
Granada Hills, CA 91344
Assessor's Parcel Number 2684-001-039
Zoning c2-1
Site Description
Year Built 1986
Gross Leasable Area (GLA) 11,050 SF
Lot Size 21,963 SF
Type of Ownership Leasehold Interest
Parking 21
PROPERTY DESCRIPTION
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
PROPERTY SUMMARY
PROPERTY DESCRIPTION
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved..
PROPERTY DESCRIPTION
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved..
PROPERTY DESCRIPTION
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved..
PROPERTY DESCRIPTION
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
Local Map Regional Map
AREA MAPS
PROPERTY DESCRIPTION
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
SITE PLAN
PROPERTY DESCRIPTION
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
AERIAL PHOTO
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2)
3)
Granada Hills Retail Strip
Beach and Lincoln Center
Burlington Coat Factory
Sierra Commons
RECENT SALES
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
RECENT SALES MAP
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SierraCommons
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LincolnCenter
BurlingtonCoat
Factory
SierraCommons
Average Price per Square Foot
RECENT SALES
Granada Hills Retail StripGRANADA HILLS, CA
Average Cap Rate
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 X0121647 Marcus &Millichap. All rights reserved.
CAP RATE AND PRICE PER SF
1
2
Comments
Leasehold Interest (Improvements Only)
Ground Lease Expires January 31, 2033.
Granada Hills Retail Strip
10670-10690 Balboa Boulevard
Granada Hills, CA 91344
Beach and Lincoln Center
3000-3020 West Lincoln Avenue
Anaheim, CA 92801
Burlington Coat Factory
285 North Moorpark Road
Thousand Oaks, CA 91360
Comments
Leasehold Interest (Improvements Only)
Ground Lease with Approximately 23 Years Remaining
Comments
Leasehold Interest (Improvements Only)
Burlington Coat Factory Lease Expires 2026
Close of Escrow: 5/1/2015 Major Tenants
Year Built: 1979 7-Eleven
Gross Leasable Area (GLA): 18,070 SF Rainbow Donuts
Sale Price: $2,100,000 Threading Salon
Percent Down: Hayan Dental Group
CAP Rate: 8.37% Liberty Tax
Price/SF (GLA): $116.21 Ultra Comfort Massage
Lot Size: 71,438 SF Lee's Sandwiches
Subject Property
Year Built: 1986 Major Tenants
Gross Leasable Area (GLA): 11,050 SF 7-Eleven
Offering Price: $1,425,000 Subway
Percent Down 50% Metro PCS
CAP Rate: 11.45% Thai Restaurant
Price/SF (GLA): $128.96 2 for 1 Pizza
Lot Size: 21,963 SF Gamsa Pain Clinic
Foot Massage
Close of Escrow: 8/29/2014 Major Tenants
Year Built/Renovated: 1995 / 2007 Burlington Coat Factory
Gross Leasable Area (GLA): 85,000 SF
Sale Price: $3,500,000
Percent Down:
CAP Rate: 8.89%
Price/SF (GLA): $41.18
Lot Size: 50,179 SF
RECENT SALES
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 X0121647 Marcus &Millichap. All rights reserved.
RECENT SALES
3 Sierra Commons
39626 10th Street West
Palmdale, CA 93551
Comments
Leasehold Interest (Improvements Only)
Close of Escrow: 9/19/2014 Major Tenants
Year Built/Renovated: 1996 / 2005 BEVMO!
Gross Leasable Area (GLA): 88,171 SF Ashley Furniture
Sale Price: $15,394,656 Pacific Dental
Percent Down: Michael's
CAP Rate: 7.86% Applebee's
Price/SF (GLA): $174.60 Coffee Bean
Lot Size: 347,894 SF Jared
RECENT SALES
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
RECENT SALES
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2)
3)
4)
Granada Hills Retail Strip
North Hills Shopping Center
Devonshire Retail Center
Mission Hills Retail Center
Northridge Retail Center
RENT COMPARABLES
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
RENT COMPARABLES MAP
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Subject NorthHills
ShoppingCenter
DevonshireRetailCenter
MissionHills
RetailCenter
NorthridgeRetailCenter
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Subject NorthHills
ShoppingCenter
DevonshireRetailCenter
MissionHills
RetailCenter
NorthridgeRetailCenter
RENT COMPARABLES
Granada Hills Retail StripGRANADA HILLS, CA
Average Rent per Square Foot
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
OCCUPANCY AND AVERAGE RENT PER SF
Average Occupancy
2
1
Subject Property
North Hills Shopping Center
16860 Devonshire Street
Granada Hills, CA 91344
Devonshire Retail Center
17018 Devonshire Street
Northridge, CA 91326
Comments
Average Rent/SF Excludes Billboard Income
Date Surveyed: 2016 Major Tenants
Occupancy: 97% Denny's
Year Built: 1963 Panda Express
Gross Leasable Area (GLA): 44,696 SF Papa John's Pizza
Rent/SF (GLA): $2.50 Hertz Car Rental
Available SF: 1,400
Lot Size: 103,424 SF
Lease Type: NNN
Date Surveyed: 2016 Major Tenants
Occupancy: 97% Ralph's
Year Built: 1958 Auto Zone
Gross Leasable Area (GLA): 135,000 SF Regency Theatres
Rent/SF (GLA): $2.25 Starbucks
Available SF: 4,400 Fatburger
Lot Size: 345,316 SF See's Candies
Lease Type: NNN Baja Fresh
Date Surveyed: 2016 Major Tenants
Occupancy: 100% 7-Eleven
Year Built: 1986 Subway
Gross Leasable Area (GLA): 11,050 SF Metro PCS
Rent/SF (GLA): $2.54 Thai Restaurant
Available SF: 0 2 for 1 Pizza
Lot Size: 21,963 SF Gamsa Pain Clinic
Lease Type: NNN Foot Massage
Granada Hills Retail Strip
10670-10690 Balboa Boulevard
Granada Hills, CA 91344
RENT COMPARABLES
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
RENT COMPARABLES
4
3 Mission Hills Retail Center
15534 Devonshire Street
Mission Hills, CA 91345
Northridge Retail Center
10317 Zelzah Avenue
Northridge, CA 91326
Date Surveyed: 2016 Major Tenants
Occupancy: 93% Noah's Ark Kabob
Year Built: 1981 Dentistry
Gross Leasable Area (GLA): 15,722 SF Hair Salon
Rent/SF (GLA): $1.85 Coin Laundry
Available SF: 1,066 Wireless Store
Lot Size: 36,508 SF
Lease Type: NNN
Date Surveyed: 2016 Major Tenants
Occupancy: 86% Verizon Wireless
Year Built: 2007 Nail & Spa
Gross Leasable Area (GLA): 7,290 SF Mexican Food
Rent/SF (GLA): $2.25 Bright Dental Group
Available SF: 1,000 Hair Salon & Beauty
Lot Size: 19,301 SF
Lease Type: NNN
RENT COMPARABLES
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
RENT COMPARABLES
1 Mile 3 Miles 5 Miles
2000 Population 23,236 152,173 499,524
2010 Population 23,854 164,484 537,015
2014 Population 24,367 168,076 549,825
2019 Population 25,080 171,360 563,877
2000 Households 8,094 50,657 145,835
2010 Households 8,057 52,857 153,716
2014 Households 8,309 54,616 158,819
2019 Households 8,579 55,940 163,549
2014 Average Household Size 2.89 3.00 3.38
2014 Daytime Population 6,207 40,343 158,967
2000 Owner Occupied Housing Units 57.78% 66.57% 56.90%
2000 Renter Occupied Housing Units 39.15% 31.13% 40.28%
2000 Vacant 3.07% 2.31% 2.81%
2014 Owner Occupied Housing Units 58.38% 64.43% 55.55%
2014 Renter Occupied Housing Units 41.62% 35.57% 44.45%
2014 Vacant 0.85% 0.99% 2.31%
2019 Owner Occupied Housing Units 58.23% 64.04% 55.31%
2019 Renter Occupied Housing Units 41.77% 35.96% 44.69%
2019 Vacant 0.74% 0.93% 2.35%
$ 0 - $14,999 8.6% 9.4% 11.0%
$ 15,000 - $24,999 8.7% 8.1% 10.6%
$ 25,000 - $34,999 7.9% 7.5% 9.8%
$ 35,000 - $49,999 15.6% 12.9% 14.2%
$ 50,000 - $74,999 17.4% 17.0% 18.1%
$ 75,000 - $99,999 13.1% 13.2% 12.4%
$100,000 - $124,999 11.3% 10.1% 8.5%
$125,000 - $149,999 7.2% 7.4% 5.5%
$150,000 - $199,999 6.8% 7.6% 5.4%
$200,000 - $249,999 1.2% 2.7% 1.9%
$250,000 + 2.2% 4.2% 2.9%
2014 Median Household Income $63,687 $67,846 $56,077
2014 Per Capita Income $28,283 $31,029 $23,076
2014 Average Household Income $82,409 $94,942 $79,379
Demographic data © 2012 by Experian.
DEMOGRAPHIC ANALYSIS
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
DEMOGRAPHIC REPORT
Geography: 5 miles
Population
In 2014, the population in your selected geography is 549,825. The population has changed by 10.06% since 2000. It is estimated
that the population in your area will be 563,876 five years from now, which represents a change of 2.55% from the current year. The
current population is 49.78% male and 50.21% female. The median age of the population in your area is 33.7, compare this to the
Entire US average which is 37.3. The population density in your area is 6,999.22 people per square mile.
Households
There are currently 158,819 households in your selected geography. The number of households has changed by 8.90% since 2000.
It is estimated that the number of households in your area will be 163,549 five years from now, which represents a change of 2.97%
from the current year. The average household size in your area is 3.38 persons.
Income
In 2014, the median household income for your selected geography is $56,077, compare this to the Entire US average which is
currently $51,972. The median household income for your area has changed by 23.23% since 2000. It is estimated that the median
household income in your area will be $66,396 five years from now, which represents a change of 18.40% from the current year.
The current year per capita income in your area is $23,075, compare this to the Entire US average, which is $28,599. The current
year average household income in your area is $79,378, compare this to the Entire US average which is $74,533.
Race & Ethnicity
The current year racial makeup of your selected area is as follows: 50.37% White, 3.73% Black, 0.13% Native American and 12.53%
Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and
5.02% Asian/Pacific Islander.
People of Hispanic origin are counted independently of race. People of Hispanic origin make up 59.57% of the current year
population in your selected area. Compare this to the Entire US average of 17.13%.
Housing
In 2000, there were 85,390 owner occupied housing units in your area and there were 60,444 renter occupied housing units in your
area. The median rent at the time was $623.
Employment
In 2014, there are 158,966 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed
that 58.63% of employees are employed in white-collar occupations in this geography, and 41.22% are employed in blue-collar
occupations. In 2014, unemployment in this area is 10.14%. In 2000, the average time traveled to work was 31.7 minutes.
Demographic data © 2012 by Experian.
DEMOGRAPHIC ANALYSIS
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
SUMMARY REPORT
Two-way, average daily traffic volumes.
DEMOGRAPHIC ANALYSIS
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap. Allrights reserved.
Traffic Count data © 2012 by TrafficMetrix. All rights reserved.
TRAFFIC COUNTS
* Traffic Count Estimate
PROPERTY DESCRIPTION
Granada Hills Retail StripGRANADA HILLS, CA
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap. All rights reserved..
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GRANADA HILLS RETAIL STRIP- LEASEHOLD INTEREST
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