817- 821 N. Avalon Blvd.

817-821 N. Avalon Blvd.Wilmington, CA 90744

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Bijan Yaghoobia

818-968-7771Bijan@CommercialRealEstateCorp.Com

❖ Price: $800,000 ($130/sf.)

❖ 11+% Cap Rate On Current Income

❖ Building Size: 6,120Lot Size: 9,017

❖ Dense In-Fill Area

❖ Excellent Foot and Car Traffic

❖ Just North of Major Anaheim St. Intersection

❖ On-site & Public Parking

Phone: 818-968-7771 ● Fax: 818-436-6126 ● 5619 Amorita Place ● Woodland Hills, CA 91367 ● WWW.CommercialRealEstateCorp.Com

Real Estate Investment Details

ANALYSIS

Analysis Date: September 2009Scenario: 817-821 N. Avalon

PROPERTY

Property: 817- 821 N. Avalon Blvd.

Property Address: 817-821 N. Avalon Blvd.Wilmington, CA 90744

FINANCIAL INFORMATION

Down Payment: $320,000

Passive Loss Rules: No

Closing Costs: $0

PURCHASE INFORMATION

Property Type: Commercial

Purchase Price: $800,000

Fair Market Value: $800,000

Tenants: 3

Total Rentable Sq. Ft.: 6,120

Resale Valuation 10% (capitalization of noi)

Resale Expenses: 4%

LOANS

Debt Term Rate Payment LO Costs

Interest Only $480,000 25 yrs 6.25% $2,500.00

INCOME & EXPENSES

Gross Operating Income: $108,000

Monthly GOI: $9,000

Total Annual Expenses: ($12,500)

Monthly Expenses: ($1,042)

CONTACT INFORMATION

Bijan Yaghoobia

818-968-7771

Bijan@CommercialRealEstateCorp.Com

DISCLAIMER: All information is believed to be accurate.

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections andanalysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or otherprofessional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting, tax or

other professional area before making any decisions.

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Property Description817- 821 N. Avalon Blvd.

817-821 N. Avalon Blvd. Bijan YaghoobiaWilmington, CA 90744 818-968-7771

Investment Overview: ubject property offers aninvestment opportunity to acquire 3 well situatedstore fronts with 60 feet of frontage on N. AvalonBlvd., in the city of Wilmington. Three retailstores of approx. 2,000 sf. each on a 9,000 sf.lot. The property has approximately 15 parkingspaces in rear accessed by an alley. In additionis a to the public parking location just north ofthe property, at corner of Avalon & First Street.One of the units is on short lease term, thussuitable for an owner-user of an investor withtenant in mind. Major retailers in the area are: TMobile, Famsa Furniture, Bank Of America, 3Hermanos, Rite Aid, Value Plus Warehouse,ACE Check Cashing, Payless Shoe Source,Subway and others.

Tenants History: El Mago Clothing Store has been at this location for 10+ years, Internet Cafe forover 2 years and the new Furniture Store is a new tenant as of June 1, 2010 and on month tomonth basis but hase requested a long term lease from landlord. All of the tenants want to renewtheir leases and continue with their tenancy at this location.

Location Overview: Subject property is just north of signalized corner of Anaheim Street andAvalon Blvd., and few blocks just south of PCH. City of Wilmington. Only 10 miles west of LongBeach, and 6 miles east of San Pedro and Palos Verdes. Wilmington strongly benefits fromindustrial and economical development associated with one of the biggest ports in the world locatedin neighboring Long Beach. The Harbor Freeway (110), San Diego Freeway (405), and Long BeachFreeway (710) offer convenient accessibility to the surrounding Wilmington region.

Proposed Financing: 5 year fixed, 6.25% interest Amortized over 25 yearsUp to 70% LTV

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Property Photos817- 821 N. Avalon Blvd.

817-821 N. Avalon Blvd. Bijan YaghoobiaWilmington, CA 90744 818-968-7771

Front View Looking South On Avalon Blvd.

Looking North On Avalon Blvd. Rear Alley and Parking Area

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Maps and Aerials817- 821 N. Avalon Blvd.

817-821 N. Avalon Blvd. Bijan YaghoobiaWilmington, CA 90744 818-968-7771

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Maps and Aerials817- 821 N. Avalon Blvd.

817-821 N. Avalon Blvd. Bijan YaghoobiaWilmington, CA 90744 818-968-7771

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Executive Summary817- 821 N. Avalon Blvd.

817-821 N. Avalon Blvd. Bijan YaghoobiaWilmington, CA 90744 818-968-7771

ACQUISITION COSTS

Purchase Price, Points and Closing $800,000

Investment - Cash $320,000

First Loan $480,000

INVESTMENT INFORMATION

Purchase Price $800,000

Price per Tenant $266,667

Price per Sq.Ft. $130.72

INCOME, EXPENSES & CASH FLOW

Gross Scheduled Income $108,000

Total Vacancy and Credits $0

Operating Expenses ($12,500)

Net Operating Income $95,500

Debt Service ($27,500)

Cash Flow Before Taxes $68,000

Total Interest (Debt Service) ($27,500)

Depreciation and Amortization ($12,286)

FINANCIAL INDICATORS

Cash on Cash Return Before Taxes 21.25%

Optimal Internal Rate of Return (yr 2) 35.60%

Present Value at 2.0% $992,451

Debt Coverage Ratio 3.47

Capitalization Rate 11.94%

Gross Rent Multiplier 7.41

Gross Income / Rentable SF $17.65

Gross Expenses / Rentable SF ($2.04)

Operating Expense Ratio 11.57%

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Lease Rent Roll817- 821 N. Avalon Blvd.

817-821 N. Avalon Blvd. Bijan YaghoobiaWilmington, CA 90744 818-968-7771

Tenant Sq. Ft. % of TotalRSF

$/SqFt Annual Rent AnnualReimburse

TIs Commissions Lease Expires RenewalTerm

RenewalIncrease

817 El Mago 2,000 32.68% $18.00 $36,000.00 $0.00 $0.00 $0.00 12/31/2015 5 years $0.00

819 Furniture Store (MTM) 2,120 34.64% $16.98 $36,000.00 $0.00 $0.00 $0.00 12/31/2010 Mon To Mon $0.00

821 Internet Cafe 2,000 32.68% $18.00 $36,000.00 $0.00 $0.00 $0.00 12/31/2013 3 year $0.00

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