V080919

INDUSTRIAL PROPERTY WITH RETAIL PRESENCE ± 12,926 SF

INDUSTRYPARTNERS.COM310 395 5151CA BRE No. 01900833

FOR SALE

16901 ROSCOE BLVDNORTHRIDGE

TRAVIS LANDRUMtl@industrypartners.comCA BRE No. 01435827

INDUSTRYPARTNERS.COM 310 395 5151 CA BRE NO. 01900833 V080919 2

FOR SALE 16901 ROSCOE BLVD NORTHRIDGE CA 91343 INVESTMENT OVERVIEW

BUILDING AREA

± 12,926 SFPRICE

$5,400,000LOT AREA

19,800 SFPRICE / SF

$425.50YEAR BUILT

1951APN

2205-001-003CAP

8%PARKING

16 parking spaces

Prime industrial and retail NNN investment opportunity

FEATURES

Great retail presence

Major street identity with 42,000+ cars per day on Roscoe Blvd

Built-out for retail dispensary and cultivation (PRE-ICO/Prop M licensed)

In cannabis “Blue Zone”

Absolute NNN lease with quality tenants

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease are subject to change or withdraw-al without notice. ©2019 INDUSTRY PARTNERS, INC.

*100% NNN lease to Circle of Hope Alliance

INDUSTRYPARTNERS.COM 310 395 5151 CA BRE NO. 01900833 V080919 3

FOR SALE 16901 ROSCOE BLVD NORTHRIDGE CA 91343 INVESTMENT OVERVIEW

ABOUT THE EXISTING LEASE

+ Circle of Hope Alliance

+ Base Rent $36,000/month NNN (Rent increase to $37,400 in May 2021)

+ $36,000 x 12 mo. = $432,000 in annual NNN income

+ $432,000 / 0.08 = $5,400,000

+ Lease Expires May 14, 2021,

+ Includes 2-5 yr options

+ Option 1 (10% increase with 3% bumps thereafter and notice period is 6-9 months prior to expiration.)

+ Option 2 (4% increase in base rent and 4% annual increase thereafter.)

+ Buyers/Brokers will need to sign a confidentiality agreement to receive the full lease details.

ABOUT THE TENANT

+ Circle of Hope Alliance

+ Fully compliant & licensed PRE-ICO/Prop M Cannabis Tenant

+ Over $500,000 in upgrades to the property

16901 ROSCOE BLVD

INDUSTRYPARTNERS.COM 310 395 5151 CA BRE NO. 01900833 V080919 4

FOR SALE 16901 ROSCOE BLVD NORTHRIDGE CA 91343 FLOOR PLAN

NOT TO SCALE

SALE INFORMATION

Square Feet 12,926

Sale Price $5,500,000

Sale Price PSF $425.50

CAP RATE 7.5%

Buyer to verify all information.

FLOOR PLAN

PROPERTY SPECIFICATIONS

Building SF 12,926

Land SF 19,800

HVAC Yes

Zoning M2

Min Clr Ht 15 Feet

Year Built 1951

Parking 16 Spaces

Building Type ReinforcedConcrete & Steel

Power 800A 240V Ø3 W4(Currently upgrading to 1600A 480V)

INDUSTRIAL / RETAIL BUILDING FOR SALE16901 Roscoe Blvd, Northridge, CA 91343

Lee & Associates - LA North/Ventura, Inc.Corporate ID #01191898

A Member of the Lee & AssociatesGroup of Companies

15250 Ventura Blvd, Suite 100Sherman Oaks, CA 91403www.lee-associates.com

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

For More InformationPlease Contact:

CLAY STEVENS818.933.0311

cstevens@lee-re.comLic # 01938352

RANDY KOBATA818.223.4383

rkobata@lee-re.comLic # 01311816

TENANT HIGHLIGHTS� Currently leased to a fully-compliant &

licensed PRE-ICO operator

� Tenant is #94 on 2017 BTRC Issuance List - “Circle of Hope Alliance”

� 3 Years remaining on current lease term, with two 5-year options

� Tenant is on an Absolute NNN Lease

� Over $500,000 in upgrades to property

NOT TO SCALE.Floor plan for information purposes only. Layout and furnishings may vary

± 12,926 RSF

INDUSTRYPARTNERS.COM 310 395 5151 CA BRE NO. 01900833 V080919 5

FOR SALE 16901 ROSCOE BLVD NORTHRIDGE CA 91343

Waba Grill

16901 ROSCOE BLVD

405

FREE

WAY

Five GuysChipotle

T4 Cafe

T4 CafeCellador Ales

Lulu’s

Starbucks

VGR

94th Aero Squadron

Humble Bee Cafe

In N Out Burger

AMENITY MAP

About the neighborhood

Near the northwest edge of the San Fernando Valley, nestled between Chatsworth, Porter Ranch, the Granada Hills, and Reseda, Northridge combines urban living with access to the natural beauty of the surrounding countryside, including the nearby Chatsworth Reservoir and Lake Balboa. Once called North Los Angeles, Northridge is a jewel of the San Fernando Valley, home to California State University, Northridge (CSUN) and some of the best public and private schools in the region.

(1.5 MILE) 3-MIN DRIVE TO 405 FWY(6.0 MILES) 10-MIN TO 101 FWY

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease are subject to change or withdraw-al without notice. ©2019 INDUSTRY PARTNERS, INC.