887-889 N DouglasEl Segundo,CA

InvestmentOpportunity

887-889 N DouglasEl Segundo,CA

investment contacts

RICHARD ABBITT TOM ISOLA

LIC 00826316richard@leewestla.com

+1 310 899 2746

LIC 01974024tisola@leewestla.com

+1 310 899 2709

RYAN SHULERLIC 01987799

rshuler@leewestla.com+1 310 899 2715

Executive Summary Property Overview Area Overveiw Financial Summary01 02 03 04

property descriptionLee & Associates is pleased to present 887– 889 N. Douglas Street for sale. Located on the hard corner of Douglas and Atwood within El Segundo’s Edge mixed use development, the property offers contemporary architecture, modern infrastructure, first class retail amenities, and an ideal location. With immediate access to the 105 and 405 freeways, the property runs adjacent to LAX and is walking distance to the Metro Green line. The Class A Office building was built in 2008 and consists of beautiful finishes, multiple private offices, abundant natural light, and abundant parking.

Address : 887-889 North Douglas Street, El Segundo, CA 90245

Offering Price: $7,795,700 ($550 PSF)

NOI: $358,523

Cap Rate 4.6%

Building SF 14,174

Stories: 2

APN: 4138-030-072

Zoning: SM2YY

Parking: 46

property summary

executive summary

• Class A office building design - Ideal for tech companies• 20,000 SF of retail amenities• Part of Campus El Segundo, a 46.5 acre, 2.175 million SF development• Extensively landscaped business park• Immediate access to the 105 and 405 freeways• Adjacent to LAX and walking distance to the MTA Greenline• Favorable business environment with no gross receipts tax

interior photos

area overview

El Segundo is one of the oldest cities in the Los Angeles area. It is generally accepted that the city is named after the second (Spanish: el segundo) Standard Oil refinery on the West Coast, built in 1911. Standard Oil Company realized that El Segundo would be a great choice, being mostly vacant and having ocean access. The city developed together with the growth of the refinery. In 1930 Los Angeles Municipal Airport was officially opened which brought many aviation companies to El Segundo. In the 1960's the city was even claiming to be "The Aerospace Capital of the World", where companies like Aerospace Company Corporation and Los Angeles Air Force Base had their location. That's why for many years El Segundo was perceived as only an aerospace hub and refinery town. Most recently, El Segundo has been undergoing yet another transformation to that of a major “technology hub” in Southern California, with many of the former aerospace complexes being converted into creative office projects that nurture a collaborative company culture that appeals to many emerging to later stage technology companies. El Segundo is also very well positioned, as a “cost effective” alternative to the Westside of Los Angeles, while avoiding the ever increasing traffic congestion. The Edge office project in particular benefits from easy freeway access, short walking distance to the Metro Rail transportation system and the immediate adjacency to the LAX international airport.

area overview

EL SEGUNDO

PLAYA VISTA

MARINA DEL REY

El Segundo Demographic

Population 1 Mile 3 Mile 5 Mile2016 Total Population: 5,896 223,865 595,4562021 Population: 6,091 230,214 613,843Pop Growth 2016-2021: 3.31% 2.84% 3.09%Average Age: 38.00 35.80 37.50

Households 2016 Total Households: 2,202 73,922 214,848HH Growth 2016-2021: 3.27% 2.91% 3.07%Median Household Inc: $84,973 $55,879 $60,853Avg Household Size: 2.70 3.00 2.702016 Avg HH Vehicles: 2.00 2.00 2.00

Housing Median Home Value: $687,650 $599,572 $553,439Median Year Built: 1958 1961 1962

amenity highlightsLocated within the thriving Edge master plan in El Segundo, the property is conveniently located adjacent to an abundance of shops, restaurants, and hotels.

K A Y A

financial analysis

Pro FormaActual Proforma

IncomeRent Income $462,974 $595,308

ExpensesReal Estate Taxes $47,072 $97,399

Repairs & Maintenance $8,623 $8,623Utilities $2,789 $2,789

Dues and Subscriptions (Assoc. Dues) $27,722 $27,722

Administrative $13,113 $13,113Building Insurance $2,917 $2,917

Total Operating Expenses $102,236 $152,564

Net Operating Income $360,737 $442,744

Capitalization Rate 4.6% 5.7%Price $7,795,700 $7,795,700

Price per SF $550 $550

nearby tenants

For more information concerning the property above please call

LIC 00826316richard@leewestla.com

+1 310 899 2746

LIC 01974024tisola@leewestla.com

+1 310 899 2709

LIC 01987799rshuler@leewestla.com

+1 310 899 2715

RICHARD ABBITT TOM ISOLA RYAN SHULER

Affiliated Business DisclosureAny information with respect to the Property (collectively, the “Evaluation Materials”) provided to any Accepting Parties by Owner, Owner’s Representative and/or Listing Broker and/or any of their respective consultants, agents or employees (collectively, the “Seller Parties”) will be used solely for the purpose of evaluating the possible acquisition of the Property by the undersigned Registered Potential Purchaser (“Registered Potential Purchaser”) and will not be used or duplicated for any other purpose. Accepting Parties shall keep all Evaluation Materials strictly confidential; provided, however, that such Evaluation Materials may be delivered to such persons or entities who because of their involvement with the Proposed Transaction need to know such information for the purpose of giving advice with respect to, or consummating, the Proposed Transaction (all of whom are collectively referred to as “Related Parties”); provided, however, that any such Related Parties shall be informed by Accepting Parties of the confidential nature of such information and shall be directed by Accepting Parties (and Accepting Parties shall cause such Related Parties) to keep all such information in the strictest confidence and to use such information only in connection with the Proposed Transaction and in accordance with the terms of this Agreement. Accepting Parties will not communicate with tenants of the Property without the prior written consent of Owner or Owner’s Representative.

Broker represents and covenants that it is currently, and at the time of the consummation of any sale of the Property to Registered Potential Purchaser, will be, a duly licensed real estate broker.

Accepting Parties shall not (i) disclose the fact that discussions or negotiations are taking place concerning the possible acquisition of the Property by Registered Potential Purchaser or any of the terms thereof, or (ii) conduct any discussions, negotiations or make any inquiries concerning the possible acquisition of the Property with any other person or entity (including tenants) except for Owner, Owner’s Representative and Listing Broker, except as may be expressly permitted elsewhere in this Agreement and, in such case, only in strict accordance with the provisions hereof. In the event that any Accepting Parties or Related Parties become legally compelled to disclose all or any part of the Evaluation Materials, Accepting Parties will provide Owner’s Representative with prompt written notice so that Owner may seek a protective order or other appropriate remedy and/or waive compliance with the provisions of this Agreement. Accepting Parties acknowledge that damages may be inadequate to protect against breach of these provisions and therefore agrees in advance to the granting of injunctive relief as described above in Owner’s favor without proof of actual damages, in addition to any other remedies available at law or in equity. In the event that such protective order or other remedy is not obtained, or that Owner waives compliance with the provisions of this Agreement, in such instance, Accepting Parties will furnish only that portion of the Evaluation Materials which is legally required and will exercise best efforts to obtain reliable assurance that confidential treatment will be accorded the Evaluation Materials. Accepting Parties shall reimburse Seller Parties for all costs and expenses, including reasonable attorneys’ fees incurred by Seller Parties in successfully enforcing Accepting Party’s obligations under this Agreement.

None of Seller Parties make any representations or warranties as to the accuracy or completeness of the Evaluation Materials or that actual results will conform to any projections contained therein. Owner, Owner’s Representative and Listing Broker expressly disclaim any and all liability for representations or warranties, express or implied, contained in the Evaluation Materials, or in any other written, oral or other communications transmitted or made available to Accepting Party by Seller Parties, including, without limitation, computer disks containing files with financial data or projections.

Owner is under no legal obligation of any kind whatsoever with respect to the Proposed Transaction by virtue of this Agreement, the delivery of any Evaluation Materials, any discussions concerning the Proposed Transaction or otherwise, unless and until a binding written agreement is executed and delivered by all parties thereto.

This Agreement shall be governed by and construed in accordance with the laws of the State of California, which is applicable to contracts made and to be performed wholly within California.