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AUTO SALES LOT WITH DEVELOPMENT POTENTIAL MTM TENANT | 217 FEET OF FRONTAGE
OFFERING MEMORANDUM | $2,250,000
3420 FIRESTONE BLVD.SOUTHGATE, CA 90280
GROUND
LEASE
6,900 SF
217’
100’
69’
2 3
TABLE OF CONTENTS
SECTION ONE 04EXECUTIVE PROFILE
SECTION TWO 08PROPERTY INFORMATION
© 2018 Hudson Commercial Partners, Inc. The information contained in this document has been obtained from sources believed reliable. While Hudson Commercial Partners, Inc. does not doubt its accuracy, Hudson Commercial Partners, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Hudson Commercial Partners, Inc. logo are service marks of Hudson Commercial Partners, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
This Memorandum (“Offering Memorandum”) has been prepared by Hudson Commercial Partners, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice.
This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Hudson Commercial Partners, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property.
This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum.
This Memorandum is being delivered by Hudson Commercial Partners Inc. to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers. Hudson Commercial Partners, Inc. reserves the right to request the return of any or all of the information enclosed.
4 5
SECTION 1 | EXECU
TIVE OVERVIEW
HUDSON COMMERCIAL PARTNERS, INC. - 76 - HUDSON COMMERCIAL PARTNERS, INC.
INVESTMENT OVERVIEW
Hudson Partners is pleased to present a total square footage
is 29,603 square feet of land with a net parcel of 21,703 and
6,900 square feet is on a ground-lease from DWP. The current
Tenant is paying $250 per month. The Tenant, who occupies the
entire premises is City Auto Sales and they are a modified gross
leasing, paying base rent and their own utilities. They have been
there over 30 years and are on a month-to-month lease, paying
$5,833/month. The site has tremendous frontage along Firestone
Blvd., along with excellent traffic counts exceeding over 48,000
cars per day. There is the potential to add square footage to the
sales office which approximately 1,100 square feet. Additionally,
there is potential for a large-scale development or a single tenant
National Credit Tenant given the density and exposure of this
site. An Owner-User Buyer could acquire this property with a
10% down payment, if the buyer elects to purchase with SBA
Loan and intents to occupy at least 51% or more of the premises.
Adjacent to South Gate High School and adjacent to a signalized
intersection.
PROPERTY INFORMATION
site description
DESCRIPTION
LISTING PRICE $2,250,000
PRICE PER SF ON LAND $103.67
TOTAL LAND SF 21,703 SF - Fee Simple
TOTAL W/GROUND LEASE 28,603 SF - with Leased Land
PARKING ± 80 Spaces Approx.
APN 6210-020-051
ANNUAL INCOME $70,000 / Month
ZONING *SGCM
HIGHEST & BEST USE Mixed-Use Development
CURRENT USE Auto Dealership
TRAFFIC COUNT ±48,946 Vehicles Per Day
YEAR BUILT 1948
EXISTING STRUCTURE 1,100 SF
TENANCY Month-to-Month
STREET FRONTAGE 223’ on Firestone Boulevard
HIGHWAY ACCESS 710 and 105 Freeways
DENSITY
ALLOWED UNITS 43 Units and Ground Floor Retail
FAR Up to 3.0:1
HEIGHT Up to 85 ft.
AFFORDABLE REQUIREMENT (Min 10%)
OPEN SPACE Negotiable
PARKING REGULATION 1 Space Per Unit/ Negotiable
LOT DIMENSIONS (217’ x 100’) + (69’ x 100’)
POTENTIAL USE Single Tenant/ Mixed-Use Building
DEMOGRAPHICS 2017 TOTAL POPULATION1 Mile 3 Miles 5 Miles64,469 452,562 1,026,483
SET BACKS
PRIMARY FRONTAGE PL 10 ft.
SIDE STREET PL 10 ft.
ALLEY 3 ft.
URBAN MIXED-USE ZONES - DEVELOPMENT STANDARDS
PROPERTY HIGHLIGHTS
• 1 Mile West of Azalea Regional Shopping Center
• Traffic Count ± 48,946
• $70,000 Annual MTM Income
• Aggressive South Gate Zoning
• Mixed-Use Project up to 43 Units Plus Retail
• Demographics 3 Miles (452,562) Note: Additional square feet could be added. Buyer does not have build mixed-use project.
98 - HUDSON COMMERCIAL PARTNERS, INC.
SECTION 2 | PRO
PERTY INFO
RMATIO
N
DWPGROUND
LEASE
21,703 SFLOT SIZE
HUDSON COMMERCIAL PARTNERS, INC. - 1110 - HUDSON COMMERCIAL PARTNERS, INC.
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SUBJECT PROPERTY3420 FIRESTONE BLVD., SOUTH GATE, CA 90280
FIRESTONE
VIR
GIN
IA A
VE
ELI
ZA
BE
TH
AV
E
DWP GROUND LEASE
6,900 SFGROUND
LEASE
100
ft
217 ft69 ft
21,703 SFLOT SIZE
HUDSON COMMERCIAL PARTNERS, INC. - 1312 - HUDSON COMMERCIAL PARTNERS, INC.
14 - HUDSON COMMERCIAL PARTNERS, INC.
JAY MARTINEZManaging Principal
STUDIO CITY OFFICE11846 Ventura Blvd., Suite 140
Studio City, CA 91604
Cal BRE: 01367663
CONTACTCELL PHONE310.658.3375
OFFICE818.212.3057
FAX818.688.8140
WEBSITEwww.hudsonpartnersinc.com
