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OFFERING
MEMORANDUM10900 Long Beach Blvd, Lynwood, CA 90262
NORTON PLAZA
PROPERTY PHOTOS
1537-1565 E. 23rd St. Los Angeles, CA 90011
10900 Long Beach Blvd
Lynwood, CA 90262
PROPERTY PHOTOS (CONT’D)
1537-1565 E. 23rd St. Los Angeles, CA 90011
10900 Long Beach Blvd
Lynwood, CA 90262
PROPERTY PHOTOS (CONT’D)
1537-1565 E. 23rd St. Los Angeles, CA 90011
10900 Long Beach Blvd
Lynwood, CA 90262
PROPERTY OVERVIEW
Price $4,690,000
Capitalization Rate 5.6%
Gross Leasable Space 8,800 SF
Year Built 1947 / Remodeled 2005
Lot Size (Acres) 15,850 SF
Assessor Parcel Number 6191-005-026
Zoning LYC2A*
Use CodeCommunity: Shopping Plaza, Shopping
Center, Mini-Mall
1537-1565 E. 23rd St. Los Angeles, CA 90011
10900 Long Beach Blvd
Lynwood, CA 90262
The information herein has been obtained from sources we believe to be reliable. However, we cannot assume responsibility for its accuracy.
PROPERTY OVERVIEW (CONT’D)
Property is located in the heart of Lynwood city retail strip with 100% leased to national and
regional credit tenants providing excellent income stability
All tenants are on NNN leases require to pay for insurance, maintenance and property taxes
Strong demographics supports retails businesses in the area with high spending by rich income
Latino community
Most of the Tenants been doing businesses over 10 years in same location with additional
renewal of leases
Co-tenant with The UPS store, Wing Stop, Little Caesars, Freeway Insurance, GameStop, Metro
PCS and Baskin Robbins in additional pads next this property, which bring more customers to
this location
10900 Long Beach Blvd
Lynwood, CA 90262
LOCATION
Lynwood City is centrally located south of Down Town Los Angeles
Close to I-105 freeway, I-710 freeway and I-10 freeway which makes this city connects to LAX
and Long Beach Harbor. Close to Plaza Mexico and other retail stores along the Long Beach
Blvd
City is adding many features like Bicycle and Pedestrian transportation plane to increase more
population to the area to make city more safe and attractive community with a high quality of life
style
Additional city plan to make more public parks & recreation center to neighborhood
10900 Long Beach Blvd
Lynwood, CA 90262
INVESTMENT OVERVIEW
Strong NNN National and Regional credit tenants
Close to all major freeways (I-10, I-105 and I-710)
Few blocks from Plaza Mexico
Centrally located within public transportation (Green Line, Metro light rail system, regional
bus routes)
Heavy foot/auto traffic throughout day & night
Well maintained and easy management & maintenance
Easy access from 3 different entrances from Long Beach Blvd
10900 Long Beach Blvd
Lynwood, CA 90262
OFFERING SUMMARY
1537-1565 E. 23rd St. Los Angeles, CA 90011
10900 Long Beach Blvd
Lynwood, CA 90262
Offering Summary
• Price
• CAP
• NOI (2019)
• Price Per Sq.ft.
• Lease Type
• Ownership
$4,690,000
5.6%
$262,944
$528
NNN
Fee Simple
(Land & Building)
RENT ROLL
SuiteTenant Name
SQ.FT. Lease Begin Lease EndRent
IncreaseMonthly
Base RentYearly Per
SFOption
101Cricket
Wireless1,422 3/13/14 3/31/21 Fixed $3,387.92 $28.59 None
102T-Mobile
USA2,652 12/1/05 9/30/22
2%Annual
$4,681.80 $21.181-(5 year)
MRV
103Cash Into Check, Inc
1,422 7/1/06 7/31/2020 Fixed $3,712.75 $31.331 (3 year)
FMV
104
Western Dental
Services, Inc
2,874 11/1/05 4/30/213%
Annual$10,129.30 $42.29
1 (5 year) MRV
Totals / Averages
8,370 $21,912
Occupied SF
8,370
Vacancy 0%
10900 Long Beach Blvd
Lynwood, CA 90262
TENANT PROFILES
1537-1565 E. 23rd St. Los Angeles, CA 90011
10900 Long Beach Blvd
Lynwood, CA 90262
T-Mobile US provides wireless voice, messaging, and dataservices in the United States, Puerto Rico and the U.S. VirginIslands under the T-Mobile, Metro by T-Mobile brands. Thecompany operates the third largest wireless network in theU.S. market with over 65.5 million customers and annualrevenues of $32 billion. Its nationwide network reaches 98percent of Americans, through its EDGE 2G/HSPA 3G/HSPA+4G/4G LTE networks, as well as through roamingagreements. As of 2018, J. D. Power and Associates, a globalmarketing-information-services firm, ranked the companyhighest among major wireless carriers for retail-storesatisfaction four years consecutively and highest forwireless customer care two years consecutively.
Tenant Type
Number of Locations
National Credit
4,114
As a pioneer in the short-term, direct lending industry,Check Into Cash has been providing everyday people withthe emergency credit solutions they need for 25 years.Founded in 1993 by entrepreneur and philanthropist AllanJones in Cleveland, Tennessee, Check Into Cash now servescustomers in both their 800+ stores and online nationwidespecializing in personal credit options. Check Into Cashoffers many services, including: Payday Advances, CashAdvances, Title Loans, Title Pawns, Check Cashing, WesternUnion, bill pay services, and reloadable U.S. Money Cards intheir centers, as well as Payday Loans and Installment Loansonline. Check Into Cash truly is your One Stop MoneyShop® .
Tenant Type
Number of Locations
National Credit
1,002
TENANT PROFILES
1537-1565 E. 23rd St. Los Angeles, CA 90011
10900 Long Beach Blvd
Lynwood, CA 90262
Tenant Type
Number of Locations
Regional Credit
199
Tenant Type
Number of Locations
National Credit
5,745
Western Dental & Orthodontics is a more than 100-year oldcompany. Began with a single office in Los Angeles andhave since grown to be the largest dental practicemanagement company in the West, with over 200 offices.Western Dental & Orthodontics and Brident Dental &Orthodontics now has offices in California, Arizona, Nevadaand Texas. Quality services. Affordable orthodontics. As the#1 provider of Orthodontic care in California and Arizona,Western Dental & Orthodontics leads these states in boththe number of providers and offices, as well as patientstreated. Each office is equipped with the latest,technologically advanced equipment and provides allrelated orthodontic and braces services – free orthodonticconsultations, panoramic and digital x-rays, retainers andfollow-up care, and many braces options – in oneconvenient location.
Cricket Wireless LLC is a prepaid wireless service providerin the United States, a wholly owned subsidiary of AT&TInc. It offers mobile voice, text, and data using parentAT&T's nationwide network. Cricket Wireless was foundedin 1999 by Leap Wireless International, Inc. On July 12,2013, AT&T Inc. agreed to acquire Cricket's parent companyLeap Wireless International for $1.2 billion. The merger wasapproved by the Federal Communications Commission onMarch 13, 2014, and later that same day, Leap Wirelessannounced the completion of its acquisition by AT&T.
AERIAL MAP
1537-1565 E. 23rd St. Los Angeles, CA 90011
10900 Long Beach Blvd
Lynwood, CA 90262
ADJACENCY MAP
1537-1565 E. 23rd St. Los Angeles, CA 90011
10900 Long Beach Blvd
Lynwood, CA 90262
PARCEL MAP
1537-1565 E. 23rd St. Los Angeles, CA 90011
10900 Long Beach Blvd
Lynwood, CA 90262
SALES COMPARABLES
Address Date Price SQ.FT. Year Built Lot Size
8530 S Figueroa StLos Angeles, CA 90003
04/06/2018 $5,950,000 8,306 1983 25,799 SF
10721 Atlantic AveLynwood, CA 90262
02/08/2017 $15,520,000 90,295 1997 179,554 SF
4181 Tweedy BlvdSouth Gate, CA 90280
11/28/2017 $2,850,000 6,100 1990 10,031 SF
8925 Apollo WayDowney, CA 90242
09/26/2018 $1,720,000 73,080 2015 N/A
6900-7000 Santa Fe AveHuntington Park, CA 90255
09/11/2018 $23,750,000 7,807 / 20,655 19899,932 SF / 54,188 SF
6151 Heliotrope AveMaywood, CA 90270
6/1/2017 $1,100,000 5,553 1989 15,963 SF
10900 Long Beach Blvd
Lynwood, CA 90262
DEMOGRAPHICS10900 Long Beach Blvd
Lynwood, CA 90262
CONFIDENTIALITY & DISCLAIMER
Property: 10900 Long Beach Blvd. Lynwood, CA 902621. Buyer is interested in the possible purchase of the Property, and Buyer represents that it has the experience and financial capabilities to evaluate and purchase the
Property. All information furnished to Buyer by the Seller or by REALTEX Properties, Inc. (= “REALTEX”) shall not be duplicated, and it shall be used solely for
Buyer’s evaluation of the purchase of the Property for its own account as a principal. Buyer and those persons retained by Buyer that need to know any such
information for the purpose of evaluating Buyer’s possible purchase of the property (“Related Parties”) shall keep all such information confidential. Buyer, Related
Parties and Broker shall not communicate with any tenant, property manager, agent or other person having rights or responsibilities with respect to the Property.
Buyer, Related Properties and Broker shall not disclose any information regarding the Property to any other person nor shall they discuss the Property with any other
person. Buyer and Broker agree that neither the Seller nor REATLEX will have an adequate remedy at law if Buyer or Broker violates the terms of this agreement and
that the Seller and REATLEX shall have the right, in addition to any other rights, to seek injunctive relief to restrain any breach or threatened breach of this
agreement and/or specific enforcement of its terms.
2. The information contained in the following Marketing Brochure/Setup Sheet is proprietary and strictly confidential. This Market Brochure/information has been
prepared to provide summary, unverified, information to prospective buyers and to establish only a preliminary level of interest in the subject property. This
information contained herein is not a substitute for a through due diligence investigation. The information contained in this Marketing brochure/Setup Sheet has been
obtained from sources we believe to be reliable, however, REALTEX has not verified, and will not verify, any of the information contained herein, nor has REALTEX
conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information
provided. REATLEX has not made any investigation, and makes no warranty or representation with respect to the income, expenses, or tenancy for the subject
property, the future projected financial performance of the property, the size and square footage for the property and improvements, building structures, the
presence or absence of contamination substances, PCB’s mold or asbestos, oil/gas, underground sewer, toxic or hazard materials. The compliance with State and
Federal regulations, American Disability Acts facilities, the physical condition of the improvements thereon, or the financial condition or business prospects of any
tenant, or any tenant’s plans or intention to continue its occupancy of the subject property. All potential buyer(s) must take appropriate measures to verify all of the
information set forth herein at own source/judgment and situation .
3. Buyer agrees that neither the Seller nor REALTEX make any representations or warranties of accuracy, completeness or otherwise regarding any information
provided. Such information was received from third party sources and has not been independently verified by REALTEX. Financial information contains estimates
based on assumptions and may not represent the current or future performance of the Property. Buyer agrees that Buyer’s decision to purchase the Property shall be
based solely on Buyer’s independent investigation and evaluation of the Property and all information relating to the Property and not on any information provided by
the Seller or REALTEX. Buyer and Broker agree that the Seller and REALTEX shall have no liability with respect to any information provided by the Seller or
REALTEX.
4. Buyer’s realtor commission ( % of the final Sale Price ) shall be paid at closing of the escrow in completion to a cooperating broker that represents the buyer that
acquires subject property.
10900 Long Beach Blvd
Lynwood, CA 90262
CONTACTS
1537-1565 E. 23rd St. Los Angeles, CA 90011
Realtex Properties, Inc3960 Wilshire Blvd. #401, Los Angeles, CA 90010
Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised
to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Information deemed reliable but not guaranteed.
Paul Bahk
Realtor®
213-448-5509
DRE# 01164018
10900 Long Beach Blvd
Lynwood, CA 90262