FOR SALE OR LEASE - images1.loopnet.com...Located in a business park setting, the building is currently leased on net basis to Mellanox Technologies (parent company Mellanox Technologies

TONY NAPLESVice President | LIC NO 0181134

[email protected]

RYAN CAMPBELL, SIORExecutive Managing Director | LIC NO 01341826

[email protected]

LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS.

FOR SALE OR LEASE2630 Corporate Pl, Monterey Park, CA 91754

Lee & Associates®- Commerce, Inc.CORP ID 01125429

500 Citadel Dr, Ste 140, Commerce, CA 90040P: 323.720.8484 | F: 323.720.8474

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The Offering Memorandum contains select information pertaining to the business and affairs of 2630 Corporate Place, Monterey Park, California. It has been prepared by Lee & Associates. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Lee & Associates. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees or agents makes any representation or warranty, express or implied, as to the accuracy of completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum, you agree:

1. The Offering Memorandum and its contents are confidential2. You will hold it and treat it in the strictest of confidence3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or

manner detrimental to the interest of the seller

Owner and Lee & Associates expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of the roperty at 2630 Corporate Place, Monterey Park, California, or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Lee & Associates or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees or agents for any damages, liability or causes of action relating to this solicitation process or the marketing or sale of this Property.

The Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date of this Offering Memorandum.



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3Lee & Associates makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Lee & Associates and/or its licensor(s). 2013. All rights reserved.

Table of ContentsEXECUTIVE SUMMARYThe Offering 4

Property Informaion 5

PROPERTY OVERVIEWRegional Map 6

Site Plans 7-8

Floor Plan 9

Exterior Photos 10

Interior Photos 11

FINANCIAL ANALYSISRent Roll 12

MARKET OVERVIEW & ANALYSIS 13

Floral Dr.

Corporate Center Dr.

Downtown Los Angeles

2630 Corporate Place



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Executive SummaryWe are pleased to present the property located at 2630 Corporate Place, located in Monterey Park, California. Located in a business park setting, the building is currently leased on net basis to Mellanox Technologies (parent company Mellanox Technologies LTD NASDAQ: MLNX), through August 30th, 2019. Mellanox Technologies is the industry leader for designing and developing semiconductor based, high performance interconnect products to customers like Dell, Sun Microsystems, and IBM. This single-story building totals ±22,250 square feet with glass-lined executive offices, private conference rooms and cleanroom office space critical for current tenant’s product development. In addition to the income stream, a buyer can possibly entitle and develop ±10,000 square feet of building to further increase the return.

This is a unique opportunity to own a high quality, well maintained building in a business park environment currently net leased to a captive tenant and includes excess land for future development.

INVESTMENT HIGHLIGHTS

Lease Type Net - Responsible for Structural Aspects of Building & Roof Structure

Lease TermCommencement Date September 1, 2014

Termination Date August 30, 2021* (Early Termination 8/30/2019)

Monthly Rental Income $33,375

FOR SALE OR LEASE

Sale Price $7,231,250 ($325 PSF)

Lease Rate $35,155/Mo NNN ($1.58 PSF/Mo)

PROPERTY HIGHLIGHTS

Address 2630 Corporate Place, Monterey Park, CA 91754

Product Type R&D Office

Rentable Building Area ±22,250 SF

Land Size 89,733 SF / 2.06 Acres

Site Coverage 25%

Current Occupancy 100% through 8/30/2019

Potential Building Expansion ±10,000 SF

Corpo

rate C

enter

Dr.Corporate Place

Ingress/Egress to Floral Drive

Excess Landfor Development

Property Parcel



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Executive SummaryHigh-Quality Versatile Asset with Expansion Space: Concrete Tilt-Up Constructed R & D building with glass lined executive office space, conference room and laboratory space in a business park environment. Excess land to possibly construct an additional ±10,000 sf building.

Tremendous LA County Location: The project is a part of the Prestigious Los Angeles Corporate Center Master Planned Business Park just off of the Long Beach Freeway (I-710), less than a mile from the San Bernardino (I-10) and Pomona (CA-60) Freeways, providing incredible access to the region. Situated 4 miles from Downtown Los Angeles with convenient access to Pasadena, the location offers an ideal regional location.

EXISTING BUILDOUT (SOME TENANT-OWNED)

• Backup Generator at 570 KVA

• UPS Backup

• Air Compressor for CDA

• 2x 25/30 Ton Units

• 2x Chillers (1x Active/1x Backup)

• Vacuum Pump

• N2 Supply

• Decontamination Air Shower

• R&D labs: Class 10,000

• FAB Labs: Class 1,000; Litho room: Class 100

• Cellular Antennae upgrade

• Security Installs: Cameras, Door Sounders, Motion Detectors and Intrusion Panel

• Building Electricity: 2,000 Amps 277/480 V

710

710

710

605

605110

110

10

10

5

5

2

5

5

10

10

10

1010

10

60

72

60

60

60 60

60

72

72

19

19

19

110

110

110

101

101

Monterey Pass Rd

Flor

al DrCorporate Center Dr



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Regional Map

MAIN ENTRY

MECHANICALYARD

MAIN ENTRY

R&D

R&D

OFFICE

NEW SINGLE STORY10,000 SF STRUCTURE

EXISTINGSTRUCTURE



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Site Plan Design by:

Carlos Carrasquillo Wolcott Architecture Interiors Studio Director 310 204 2290 [email protected]

LEGEND

Main Vehicular Entry

Mechanical Yard

Interior Exterior Entry

Main Building Entry

New Green SpaceLoading Access

Points

NOTES:

• Based on the site layout, the most efficient location for the new structure would be south of the existing building.

• The current plan of the building has major r&d elements and major access points located at the south end. Therefore, connecting the structures would result in a major rework of the existing operation. We strongly recommend separating the two structures.

• There is an opportunity to create an outdoor space between both buildings.

• The design of the new structure should be complimentary to the existing building, but the new design would not have to copy current design.

• The east facade of the new structure would be the only elevation that would need to be architecturally treated, as the other elevations face the mechanical yard and neighboring site.

Site Plan



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Site Plan



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Floor Plan

10



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Lee & Associates makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Lee & Associates and/or its licensor(s). 2013. All rights reserved.

Exterior Photos

Building Entry

Loading Zone

Rear of Building / 3GL Doors

Front of Building

11



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Interior Photos

Lobby

Private Office

Conference Room

Bullpen Office

12



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Rent Roll

Unit Tenant Square Feet- EstContract Rental

Rate MonthRent Per Sq Ft

Mon.- EstLease Type Utilities Lease Comments Lease Start Lease End

2630 Corporate Pl Mellanox Technologies 22,250 SF $33,375 $1.50 Net Tenants Pays

for Directly

*Tenant has exercised their right to terminate lease after the sixtieth (60th) month with three (3) months prior written notice.

09/01/14 08/31/21*08/31/19

Occupied Totals 22,250 SF $33,375

NOTES: Landlord maintenance and repair shall be for structural aspects and portions of the Premises including the exterior walls, load bearing walls, columns, foundations, floor slab and subflooring, roof structure and membrane thereon the roof, flooring, foundation, and walls during the Lease Term.

13



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Market Overview & Analysis: San Gabriel ValleyMARKET DESCRIPTION

Encompassing over 400 square miles east of Downtown Los Angeles, the San Gabriel Valley is home to over 1.4 million people. The San Gabriel Valley plays a key role in the Southern California economy, with crucial industries that include health services, manufacturing, wholesale, and public administration

The San Gabriel Valley office market is relatively small, comprised of 10.2 million square feet and represents three percent of the total office space in buildings 25,000 square feet and greater within the Los Angeles basin. Most office tenants located in the San Gabriel Valley are firms predominantly in the information, finance, and professional services sectors. In contrast with most other markets in Southern California, a relatively large percentage of the space is in low-rise buildings (80%) with the remaining being mid-rise buildings.

MONTEREY PARK

Monterey Park is situated just three miles from Central Los Angeles in the heart of Los Angeles county. Monterey Park is home to over 61,000 people, with an average household income of $78,600. The city maintains close proximity to the San Bernardino (I-10), Long Beach (I-750) and Pomona (CA-60) Freeways, giving it terrific regional access to Downtown LA, Pasadena , and City of Industry.

The San Gabriel Valley industrial market comprises 159.9 million square feet, and represents 12 percent of the total industrial space in buildings measuring 10,000 square feet and greater within the Los Angeles Basin. It includes a mix of newer and older buildings, 54 percent of which were built in 1980 or later. Half (50.3%) of the total space is contained in big-box buildings measuring more than 100,000 square feet, with the balance (44.6%) in small- to medium-sized buildings. The area has a significant concentration of firms in the high-tech sector and import/export-related businesses.

TONY NAPLESVice President | LIC NO 0181134

[email protected]

RYAN CAMPBELL, SIORExecutive Managing Director | LIC NO 01341826

[email protected]

LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS.Lee & Associates®- Commerce, Inc.CORP ID 01125429


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Documents

FOR SALE OR LEASE - images1.loopnet.com...Located in a business park setting, the building is currently leased on net basis to Mellanox Technologies (parent company Mellanox Technologies