OFFERING MEMORANDUM Medical/Office...

700 SF UNIT INCLUDING 3 EXAM ROOMS, 1 OFFICE, 1 ADA COMPLIANT BATHROOM AND A RECEPTION/WAITING AREA.

■

THE BEVERLY ALVARADO MEDICAL CENTER BUILDING IS LOCATED AT THE BUSY SIGNALIZED INTERSECTION OF BEVERLY BLVD & ALVARADO ST. WITH AN APPROX. CAR COUNT OF 47K CPD.

■

CLOSE PROXIMITY TO ST. VINCENT'S MEDICAL CENTER, SHRINERS HOSPITAL FORCHILDREN, SILVERLAKE MEDICAL CENTER, & GOOD SAMARITAN HOSPITAL.

■

PLENTY OF ON-SITE PARKING!■

EXCELLENT DEMOGRAPHICS; OVER 105,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS &OVER 575,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.

■

David Yashar, ICSC [email protected](310) 724-8043BRE# 01102638

Omid [email protected](310) 724-8066BRE# 01729987

Phone: 310.724.8066 ● Fax: 310.724.5791 ● 1642 Westwood Blvd Suite 300 ● Los Angeles, CA 90024 ● www.DavidYashar.comKeller Williams Realty Westside

Medical/Office Condo

OFFERING MEMORANDUM

OFFERING MEMORANDUM

2105 W. BEVERLY BLVD. SUITE #217A, LOS ANGELES, CA 90057

THE BUILDING IS OPEN TO NON-MEDICAL USES AS WELL!■

www.kwcommercial.com 2

KW COMMERCIAL1642 Westwood Blvd.,Suite 300Los Angeles, CA 90024

DAVID [email protected] #01102638

Confidentiality & Disclaimer

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for aparty unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by L.A. Westside in compliance with all applicable fairhousing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty orrepresentation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance ofthe property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

2105 W. BEVERLY BLVD. SUITE #217A, LOS ANGELES, CA 90057

http://www.kwcommercial.com

PROPERTY OVERVIEWThis wonderful 700 SF office condominium is located on thesecond floor of a 31,206 SF C2 zoned medical building. Thebuilding is called the Beverly Alvarado Medical Center.

The unit includes 3 exam rooms, 1 office, 1 storage room, 1ADA compliant bathroom and a reception/waiting area. Theowner has replaced the floor, replaced the water heater andapplied new paint to the unit.

The medical building consists of primarily medical offices,with tenants including a pharmacy, dentist, radiologist,optometrist, family practice, lab, and many other medicalrelated professions. The building also allows non-medicaluse businesses to operate.

This offering will attract an investor with a tenant in mind oran owner/user who would like to take advantage of theproperties excellent location and tremendous foot traffic thatthe building provides.

LOCATION OVERVIEWThis executive office is positioned at the busy signalizedcorner of Beverly Boulevard, with an approximate car countof 17,000 cars per day, and Alvarado Street, with anapproximate car count of 30,000 cars per day.

It is located just south of the 101 Freeway, with anapproximate car count of 518,000 cars per day on thefreeway, and is only blocks from Wilshire Boulevard, with anapproximate car count of 27,000 cars per day.

This location is perfect for any office or medical practice dueto its close proximity to Saint Vincent’s Medical Center,Shriners Hospital for Children, Silver Lake Medical Center,and Good Samaritan Hospital.

This offering is located in an infill location with excellentdemographics; over 105,000 people residing within a 1-mileradius, and over 575,000 people residing within a 3-mileradius.

Property Description

2105 W. BEVERLY BLVD. SUITE #217A, LOS ANGELES, CA 90057 |



MarketGross Rent $23,100TOTALS $23,100

ANNUALIZED INCOMEMarket

INVESTMENT SUMMARY Gross Potential Rent $23,100

Price: $225,000 Less: Vacancy ($693)Year Built: 1983 Effective Gross Income $22,407SF 700 Less: Expenses ($6,338)Price / SF: $321.43 Net Operating Income $16,069Floor: 2Parking Spaces: Underground & StreetZoning: LAC2 ANNUALIZED EXPENSESAPN: 5157-020-106 MarketMarket Cap Rate: 7.1% Property Taxes $2,700

HOA $3,638

Total Expenses $6,338Expenses Per RSF $9.05

TENANT ANNUAL SCHEDULED INCOME


Income Summary



Suite Tenant NameGLA

OccupiedLease

Commence Lease ExpireMonthly

Rent Rent/SF Lease Type

217A Vacant 700 $1,925.00 $2.75 GROSS

Total Square Feet 2,762 $1,925.00

Note:

**DRIVE BY ONLY****DO NOT DISTURB TENANTS!!!**

Rent Roll

(1) SELLER DOES NOT GUARANTEE THE MEASUREMENTS OF EACH UNIT. BUYER IS RESPONSIBLE FOR MEASURING & VERIFYING THE SF FOR EACH/ALL UNITS!!!


Rent Roll




Additional Photos


SUBJECT PROPERTY

COURTYARD



Additional Photos


SUBJECT PROPERTY WITH ENTRANCE TO PARKING

UNDERGROUND PARKING LOT



Additional Photos

2105 W. BEVERLY BLVD. SUITE #229, LOS ANGELES, CA 90057 |

OFFICE

RECEPTION AND WAITING ROOM



Additional Photos


EXAM ROOM

EXAM ROOMS



Location Maps



Aerial Map





Retailer Map




Demographics



SUMMARY PROFILE2000-2010 Census, 2015 Estimates with 2020 Projections

Calculated using Weighted Block Centroid from Block Groups

Lat/Lon: 34.0672/-118.2704

2105 Beverly Blvd Unit 2291 mi radius 3 mi radius

Los Angeles, CA 90057

PO

PU

LA

TIO

N

2015 Estimated Population 105,318 575,986

2020 Projected Population 110,489 601,584

2010 Census Population 99,693 542,141

2000 Census Population 101,284 558,677

Projected Annual Growth 2015 to 2020 1.0% 0.9%

Historical Annual Growth 2000 to 2015 0.3% 0.2%

2015 Median Age 32.4 34.3

HO

US

EH

OL

DS

2015 Estimated Households 36,961 216,486

2020 Projected Households 38,784 226,485

2010 Census Households 34,539 200,782

2000 Census Households 31,965 187,533

Projected Annual Growth 2015 to 2020 1.0% 0.9%

Historical Annual Growth 2000 to 2015 1.0% 1.0%

RA

CE

AN

DE

TH

NIC

ITY

2015 Estimated White 32.8% 36.3%

2015 Estimated Black or African American 4.6% 6.5%

2015 Estimated Asian or Pacific Islander 21.2% 24.5%

2015 Estimated American Indian or Native Alaskan 1.4% 0.9%

2015 Estimated Other Races 40.0% 31.7%

2015 Estimated Hispanic 65.4% 52.9%

INC

OM

E 2015 Estimated Average Household Income $43,707 $51,143

2015 Estimated Median Household Income $33,155 $37,556

2015 Estimated Per Capita Income $15,478 $19,824

ED

UC

AT

ION

(AG

E 2

5+

)

2015 Estimated Elementary (Grade Level 0 to 8) 27.0% 20.4%

2015 Estimated Some High School (Grade Level 9 to 11) 11.0% 11.1%

2015 Estimated High School Graduate 19.3% 19.7%

2015 Estimated Some College 14.4% 15.6%

2015 Estimated Associates Degree Only 5.2% 5.2%

2015 Estimated Bachelors Degree Only 17.5% 20.2%

2015 Estimated Graduate Degree 5.6% 7.8%

BU

SIN

ES

S 2015 Estimated Total Businesses 2,829 37,051

2015 Estimated Total Employees 25,430 362,833

2015 Estimated Employee Population per Business 9.0 9.8

2015 Estimated Residential Population per Business 37.2 15.5


Demographics



OFFERING MEMORANDUM Medical/Office...

Documents

Transcript of OFFERING MEMORANDUM Medical/Office...