ROSCOE BLVD...20160 ROSCOE BLVD - IREA Chris Thompson EXCLUSIVE LISTING AGENTS Senior Partner (818) 574-5102 [email protected] 01205918 Jonathan Krikorian Partner (818) 574-5113 [email protected]

I R E A W I N N E T K A , C A 9 1 3 0 6R E T A I L C E N T E R

ROSCOE BLVD20160

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Location

Financial Summary

Overview

Lease Comparables

CONTENTS

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19

Demographics

Sales Comparables

OFFICE16501 Ventura Blvd. Suite 448Encino, CA 91436Phone: 818.386.6888Fax: 818.386.2805

www.irea.com

I R E A

20160 ROSCOE BLVD - IREA

Chris Thompson

EXCLUSIVE LISTING AGENTS

Senior Partner(818) [email protected]

Jonathan KrikorianPartner(818) [email protected]

RO

SC

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BLV

DC

AN

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T ROSCOE BLVD20160

Development

25

PROPERTY TYPE

ADDRESS

ZONING

YEAR BUILT

BUILDING SIZE

LOT SIZE

APN

Retail Center

20160 Roscoe Blvd

Winnetka, CA 91306

LAC4

1962

6,555 SF

33,426 SF

2107-001-031

OVERVIEW

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PROPERTY PHOTOS | 5

ROSCOE BLVD20160


THE OFFERING | 7

THE OFFERINGUpside Potential

Through Full CAM Collection

Major SFV Traffic Artery33,768 VPD

Diverse Tenant Mixwith Supplemental

Income Sources

LAC4 ZoningFuture Development Potential

Centrally located in the San Fernando Valley in the neighborhood of Winnetka, the retail center at 20160 Roscoe Blvd is comprised of 4 tenants: Friendly Express Liquor, Jasmine Thai Cuisine, Alejandra’s Beauty Salon and Celtic Raven Pub. The property also features a Cell Tower and Recycling Facility, which provide supplemental income to complement the already diverse tenancy. The current structure sits on a 33,426 sf piece of C4 zoned land, providing the new owner a fantastic opportunity for future development. A developer should be allowed 83 units by-right, which does not include any potential density bonuses. With a solid current income stream and tremendous future development potential, 20160 Roscoe provides an investor with a covered-land opportunity in a dense San Fernando Valley location.

ROSCOE BLVD

LA FIRE DEPT STATION 104WINNETKA REC CENTER

CANTARA ST

KE

OK

UK

AV

E

NORTHRIDGEFASHION CENTER

PORTER RANCHCHATSWORTH

ROSCOE BLVD20160


WINNETKA AVE

OSO AVE

SAN FERNANDO VALLEY, CA | 9

SAN FERNANDO VALLEY VISTA

GREAT WALL OF LOS ANGELES, MURAL MILE

ALLEY VISTA

CAL STATE NORTHRIDGE REC CENTER

CANOGA - OWENSMOUTH HISTORICAL MUSEUM

THE HEART OF THE VALLEY

Located in the nation’s film and television mecca of Los Angeles County, The Valley is home to 2.1 million residents and over 70,000 businesses. If it were a city, The Valley would be the 5th largest in the United States, outpacing Philadelphia, Phoenix, and San Antonio. The Valley serves as a home to many leading industries. The best known of these lead the way in aerospace, motion pictures, television production, and music recording.

With the diversity of cultures, 107 spoken languages, limitless educational opportunities and innovative trend-setters you’ll find in The Valley, there is a stunning level of creativity, imagination and business know-how that cannot be found anywhere else in the world. The Valley’s most noteworthy industries include entertainment, domestic and foreign trade, business services, education, health services, travel/tourism/hospitality, information technology, aerospace and advanced manufacturing.

The Valley is home to many major corporate names, and has traditionally been known as the entertainment capital of the world. Not only does The Valley have a support structure from its governments and cities, but it also enjoys enormous strength from the great businesses that are already here.

From private to public education, no other area comes close to the educational capacity of The Valley. The Greater San Fernando Valley is home to 121 accredited institutions that offer higher education degrees, and includes public and private universities, colleges, trade schools, and graduate institutions.


near Reseda — Los Angeles

1 of 1

00 11 22 3 km3 km

SAN FERNANDO VALLEY HIGHLIGHTS | 11

CSUN - Northridge

Northridge Hospital Med Ctr

Westfield Topanga

• 2.1 million SF two-level shopping center• 350+ stores and restaurants• Anchor tenants are Neiman Marcus, Nordstrom, Macy's, and

Target

Bob Hope Airport - Burbank, CA

• BUR has over 70 daily flights to regional, domestic and foreign destinations

• 12,440+ employees• Annual Economic Impact: $1.8 billion annually; supported

Northridge Fashion Center

• 1.5 Million Square Feet• 165+ stores and dining options• Anchor tenants are J.C. Penney, Macy's, Sears, and a Pacific

Theatres movie theater

Nestled in the heart of the San Fernando Valley just 25 miles northwest of downtown Los Angeles, Winnetka holds the title as the most diverse community in the greater area. Residents live just a short drive from some of the best shopping centers in the Valley, and they get to experience an array of global cuisines minutes from their Winnetka apartments. One of its biggest draws is the neighborhood spirit, welcoming vibe, and well-kept green spaces and parks. This one-of-a-kind community is located just north of Pierce College.

• High mixed-use development activity• World class amenities• Strong economic factors• Destination business districts• Entertainment industry cluster

ATTRACTIONSCITY HIGHLIGHTS

RETAIL NEARBY TRANSPORTATION

Van Nuys Airport

• Van Nuys Airport (VNY) is one of the busiest general aviation airports in the world. With two parallel runways, Van Nuys Airport handled approximately 217,000 aircraft movements in 2015

• Covers 725 acres and has two runways

SAN FERNANDO VALLEY HIGHLIGHTS

Los Angeles Pierce College

20160 ROSCOE BLVD - IREATHE INFORMATION PROVIDED HEREIN IS FROM SOURCES WE BELIEVE ARE RELIABLE. WHILE WE DO NOT DOUBT ITS ACCURACY, WE HAVE NOT VERIFIED IT AND MAKE NO REPRESENTATIONS, GUARANTEES OR WARRANTIES ABOUT IT.

ROSCOE BLVD20160

METROLINK

Westfield Topanga

Northridge Fashion Center

28,331 VPD

29,686 VPD

43,500 VPD

33,768 VPD

THE INFORMATION PROVIDED HEREIN IS FROM SOURCES WE BELIEVE ARE RELIABLE. WHILE WE DO NOT DOUBT ITS ACCURACY, WE HAVE NOT VERIFIED IT AND MAKE NO REPRESENTATIONS, GUARANTEES OR WARRANTIES ABOUT IT.

Nestled in the heart of the San Fernando Valley just 25 miles northwest of downtown Los Angeles, Winnetka holds the title as the most diverse community in the greater area. Residents live just a short drive from some of the best shopping centers in the Valley, and they get to experience an array of global cuisines minutes from their Winnetka apartments. Locals recognize Winnetka as a friendly community with a variety of conveniences. One of its biggest draws is the neighborhood spirit, welcoming vibe, and well-kept green spaces and parks. This one-of-a-kind community is located just north of Pierce College.

LOCATION & PROJECTED GROWTHTHE NUMBERS

* Projected

Total Population

2010

2019

2024*

Growth Rate (2019-2024)

Total Households

2010

2019

2024*

Growth Rate (2019-2024)

Average Household Income

2019

2024*

Projected Growth Rate

Renter Occupied Housing Units

2010

2019

2024*

Median Home ValueU.S. Median Home Value

30,414

32,113

32,834

2.2%

8,928

9,245

9,391

1.5%

$92,247

$110,174

16.3%

3,318

3,657

3,647

$611,598$217,600

Demographic and Income Profile20160 Roscoe Blvd, Winnetka, California, 91306 Prepared by EsriRing: 1 mile radius Latitude: 34.22020

Longitude: -118.57306

Summary Census 2010 2019 2024Population 30,414 32,113 32,834Households 8,928 9,245 9,391Families 6,946 7,212 7,340Average Household Size 3.37 3.44 3.46Owner Occupied Housing Units 5,610 5,588 5,744Renter Occupied Housing Units 3,318 3,657 3,647Median Age 35.7 37.2 38.5

Trends: 2019 - 2024 Annual Rate Area State NationalPopulation 0.45% 0.67% 0.77%Households 0.31% 0.62% 0.75%Families 0.35% 0.62% 0.68%Owner HHs 0.55% 0.79% 0.92%Median Household Income 2.95% 2.99% 2.70%

2019 2024 Households by Income Number Percent Number Percent

<$15,000 714 7.7% 560 6.0%$15,000 - $24,999 619 6.7% 476 5.1%$25,000 - $34,999 632 6.8% 511 5.4%$35,000 - $49,999 872 9.4% 755 8.0%$50,000 - $74,999 1,650 17.8% 1,510 16.1%$75,000 - $99,999 1,434 15.5% 1,423 15.2%$100,000 - $149,999 2,005 21.7% 2,240 23.9%$150,000 - $199,999 717 7.8% 1,053 11.2%$200,000+ 603 6.5% 864 9.2%

Median Household Income $76,765 $88,769Average Household Income $92,247 $110,174Per Capita Income $26,930 $31,978

Census 2010 2019 2024 Population by Age Number Percent Number Percent Number Percent

0 - 4 2,013 6.6% 1,924 6.0% 1,953 5.9%5 - 9 1,928 6.3% 1,961 6.1% 1,868 5.7%10 - 14 2,081 6.8% 2,029 6.3% 1,994 6.1%15 - 19 2,263 7.4% 2,005 6.2% 1,979 6.0%20 - 24 2,179 7.2% 2,156 6.7% 2,011 6.1%25 - 34 4,422 14.5% 4,948 15.4% 4,869 14.8%35 - 44 4,633 15.2% 4,379 13.6% 4,817 14.7%45 - 54 4,363 14.3% 4,351 13.5% 4,242 12.9%55 - 64 3,288 10.8% 3,871 12.1% 3,942 12.0%65 - 74 1,789 5.9% 2,666 8.3% 2,985 9.1%75 - 84 1,020 3.4% 1,282 4.0% 1,592 4.8%

85+ 433 1.4% 541 1.7% 582 1.8%Census 2010 2019 2024

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 14,486 47.6% 14,458 45.0% 14,448 44.0%Black Alone 1,433 4.7% 1,396 4.3% 1,358 4.1%American Indian Alone 160 0.5% 163 0.5% 163 0.5%Asian Alone 5,993 19.7% 6,911 21.5% 7,398 22.5%Pacific Islander Alone 53 0.2% 54 0.2% 55 0.2%Some Other Race Alone 6,755 22.2% 7,396 23.0% 7,613 23.2%Two or More Races 1,535 5.0% 1,735 5.4% 1,801 5.5%

Hispanic Origin (Any Race) 13,792 45.3% 15,068 46.9% 15,725 47.9%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.

June 18, 2020

©2020 Esri Page 1 of 2

DEMOGRAPHICS (1 mile radius)

DEMOGRAPHICS KEY FACTS

32,113Population

37.2

Median Age

3.4

Average Household Size

$76,765Median Household

Income

EDUCATION

21%

No High School

Diploma 25%High School

Graduate

27%Some College 27%

Bachelor's/Grad/Prof Degree

BUSINESS

793Total Businesses

5,967Total Employees

EMPLOYMENT

56%White Collar

23%Blue Collar

21%Services

5.3%

Unemployment Rate

INCOME

$76,765

Median Household Income

$26,930

Per Capita Income

$126,156

Median Net Worth

Households By IncomeThe largest group: $100,000 - $149,999 (21.7%)

The smallest group: $200,000+ (6.5%)

Indicator Value Difference

<$15,000

$15,000 - $24,999

$25,000 - $34,999

$35,000 - $49,999

$50,000 - $74,999

7.7%

$75,000 - $99,999

6.7%

$100,000 - $149,999

6.8%

$150,000 - $199,999

9.4%

$200,000+

17.8%

-2.7%

15.5%

-1.8%

21.7%

-1.0%

7.8%

-1.9%

6.5%

+1.3%

+3.3%

+5.9%

+0.1%

-3.3%

Bars show deviation from

Los Angeles County

DEMOGRAPHICS | 13

Ring of 1 mile

MARKETING PROFILE20160 Roscoe Blvd, Winnetka, California, 91306

ANNUAL LIFESTYLE SPENDING

$2,471Travel

$90Theatre/Op

eras/ Concerts

$63Sports Events

$5Online Games

KEY FACTS

32,113Population

37.2

Median Age

3.4

Average Household Size

$76,765Median Household

Income

Age Pyramid

82410%

The largest group:

2019 Male Population Age 25-29 (Esri)

The smallest group:

2019 Male Population Age 85+ (Esri)

Dots show comparison to

Los Angeles County

ANNUAL HOUSEHOLD SPENDING

$2,279Apparel & Services

$179Computers &

Hardware

$3,845Eating Out

$5,306Groceries

$5,551Health Care

EDUCATION

21%

No High School

Diploma 25%High School

Graduate

27%Some College 27%

Bachelor's/Grad/Prof Degree


PROPERTY $/SQ FT/MONTH SQ FT AVAILABLE TYPE LEASE TYPE NOTES

1 8901-8941 De Soto Ave $2.00 1,000 Retail/Office NNNCanoga Park, CA 91304

2 20113-20129 Vanowen St $2.00 1,000 Retail NNNWinnetka, CA 91306

3 21211-21219 Sherman Way $2.40 1,223 Retail NNNCanoga Park, CA 91303

4 21101-21121 Sherman Way $2.09 1,100 Retail NNNCanoga Park, CA 91303

AVERAGES $2.12 1,081

SUBJECT $2.04 1,550

1959 Built Property Renovated in 2010

Roscoe

Untitled layer

8901 De Soto Ave

20113 Vanowen St

21211 Sherman Way

21101 Sherman Way

Roscoe

Untitled layer

8901 De Soto Ave

20113 Vanowen St

21211 Sherman Way

21101 Sherman Way

Lease Comparables

LEASE COMPARABLES

ROSCOE BLVD20160

20160 ROSCOE BLVD - IREATHE INFORMATION PROVIDED HEREIN IS FROM SOURCES WE BELIEVE ARE RELIABLE. WHILE WE DO NOT DOUBT ITS ACCURACY, WE HAVE NOT VERIFIED IT AND MAKE NO REPRESENTATIONS, GUARANTEES OR WARRANTIES ABOUT IT. LEASE COMPARABLES | 15

1 - 8901-8941 DE SOTO AVECANOGA PARK, CA 91304

3 - 21211-21219 SHERMAN WAYCANOGA PARK, CA 91303

2 - 20113 - 20129 VANOWEN STWINNETKA, CA 91306

$/SQ FT/MO$2.00

SQ FT AVAIL1,000

LEASE TYPENNN

4 - 21101-21121 SHERMAN WAYCANOGA PARK, CA 91303

Retail space available of approximately 1000

SF, formerly auto registration. Great frontage

and signage, private bathroom, front and

rear access for deliveries. Lease rate does

not include utilities, property expenses or

building services.

• Central Air and Heating

• Drop Ceilings

• Located in-line with other retail

• Private Restrooms

• Great frontage, signage available, HVAC,

Parking

Lease rate does not include utilities, property

expenses or building services. Located in-line

with other retail.

• Partially Built Out as Standard Retail

Space

• Current clothing alterations/dry cleaning

drop off. No dry cleaning on site.

• Pylon Sign

• Signage

Lease rate does not include utilities,

property expenses or building services

Located in-line with other retail. Heavy

daytime traffic, one block away from Metro

Orange Line. Across the Street from Vallarta

Supermarket.

• Central Air and Heating

• Drop Ceilings

• After Hours HVAC Available

• Fully Built Out as a Restaurant or Café

Space

• Space is in Excellent Condition

• Private Restrooms

• Recessed Lighting

Prime retail location in Canoga park. Lease

rate does not include utilities, property

expenses or building services. Located in-line

with other retail. Approximately 1,100 and

3,200 SF Available.

• Multi Tenant, L. Shaped Shopping Center

• On Site Security

• Great Tenant Mix & Ample Parking

• Signalized Corner

• Nearby Tenants Include CVS Pharmacy,

Vallarta Supermarkets & 7-11

• Pylon Sign

• Signage

• Signalized Intersection

$/SQ FT/MO$2.00

SQ FT AVAIL1,000

LEASE TYPENNN

$/SQ FT/MO$2.40

SQ FT AVAIL1,223

LEASE TYPENNN

$/SQ FT/MO$2.09

SQ FT AVAIL1,000

LEASE TYPENNN


LEASE COMPARABLES

20160 ROSCOE BLVD - IREA THE INFORMATION PROVIDED HEREIN IS FROM SOURCES WE BELIEVE ARE RELIABLE. WHILE WE DO NOT DOUBT ITS ACCURACY, WE HAVE NOT VERIFIED IT AND MAKE NO REPRESENTATIONS, GUARANTEES OR WARRANTIES ABOUT IT.

ROSCOE BLVD20160

Roscoe

Untitled layer

17524 Chatsworth St

21113 Devonshire St

7250 Reseda Blvd

8957 Reseda Blvd

8821 Reseda Blvd

Roscoe

Untitled layer

17524 Chatsworth St

21113 Devonshire St

7250 Reseda Blvd

8957 Reseda Blvd

8821 Reseda Blvd

Sales Comparables

SALES COMPARABLES

20160 ROSCOE BLVD - IREATHE INFORMATION PROVIDED HEREIN IS FROM SOURCES WE BELIEVE ARE RELIABLE. WHILE WE DO NOT DOUBT ITS ACCURACY, WE HAVE NOT VERIFIED IT AND MAKE NO REPRESENTATIONS, GUARANTEES OR WARRANTIES ABOUT IT.

PROPERTY YEAR BUILT TYPE SALES PRICE ZONINGGROSS

SFLOT SIZE

PRICE / SF

CAP RATE

PARKINGCLOSE OF ESCROW

NOTES

1 17524-17526 Chatsworth St 1959 Storefront Retail $1,450,000 LAC2 3,250 6,534 $446 4.6% 12 03/27/20Granada Hills, CA 91344

2 21113-21119 Devonshire St 1978 Storefront Retail $1,125,000 LAC2 3,030 8,276 $371 5.6% 12 01/29/20Chatsworth, CA 91311

3 7250-7256 Reseda Blvd 1952 Storefront Retail $1,976,000 LAC2 9,245 15,682 $214 N/A 6 09/12/19Reseda, CA 91335

4 8957-8967 Reseda Blvd 1962 Storefront Retail $2,750,000 LAP 7,625 28,750 $361 5.0% 30 07/31/19Northridge, CA 91324

5 8821-8825 Reseda Blvd 1953 Storefront Retail $1,125,000 LAC2 3,750 6,970 $300 5.0% 12 06/07/19Northridge, CA 91324

AVERAGES 1961 $1,685,200 5,380 13,242 $338 5.0% 14

SUBJECT 1962 $3,400,000 C4 6,555 33,426 $519 4.4% 45

2 Tenants - Dental Office and Hookah LoungeRecently Renovated

4 Tenants - Barber Shop, Upholstery Store, Thai Massage1 Vacancy at Time of Sale

6 Tenants - Computer Repair, Printing, Photography, Ethnic Foundation, Hair Salon, Comic Book Store

3 Tenants - Tatto Shop, Massage Parlor, Vintage Clothing

ROSCOE BLVD20160

ROSCOE BLVD20160

SALES COMPARABLES | 19

1 - 17524 - 17526 CHATSWORTH STGRANADA HILLS, CA 91311

3 - 7250 - 7256 RESEDA BLVDRESEDA, CA 91335

2 - 21113 - 21119 DEVONSHIRE STCHATSWORTH, CA 91311

YEAR BUILT1959

GROSS SF3,250

SALES PRICE$1,450,000

CLOSE OF ESCROWMARCH 27, 2020

4 - 8957 - 8967 RESEDA BLVDNORTHRIDGE, CA 91324


SALES COMPARABLES

4 - 8821-8825 RESEDA BLVDNORTHRIDGE, CA 91324

YEAR BUILT1978

GROSS SF3,030


CLOSE OF ESCROWJAN 29, 2020

YEAR BUILT1952

GROSS SF9,245


CLOSE OF ESCROWSEPT 12, 2019

YEAR BUILT1962

GROSS SF7,625


CLOSE OF ESCROWJULY 31, 2019

YEAR BUILT1953

GROSS SF3,750


CLOSE OF ESCROWJUNE 7, 2019


Pride of ownership asset situated in the

heart of old Granada Hills. Recession

proof tenants with strong commitment to

location. Excellent sub-market positioned for

continued growth.

Busiest northwest valley street. Major

commercial street unit available for owner

user. Excellent signage. Employee parking in

rear. Ample customer parking.

Signalized corner property on the major

north-south artery of the West San

Fernando Valley. Potential development

site. Rear fenced parking ideal for Owner/

User.

Storefront on busy Reseda Boulevard within

close proximity to CSUN. West side of

Reseda, south of Nordoff Street. Plenty of

parking in rear of premises. Existing pylon

sign. Great exposure on Reseda. Area

tenants include a 99¢ Only Store, Ross, Vons,

Wells Fargo, Chase, Chili’s, Big 5, and more.

Excellent Retail space available in prime

Northridge location with main street visibility

and signage on Reseda Blvd. Unit consists

of approximately 1,125 SF of open retail

space with high ceilings throughout, HVAC,

restroom. Parking available in rear parking lot

and also free street parking available in front

of building on Reseda Blvd and side streets.

Utilities are separately metered, tenant pays

for monthly prorata share of common area

trash bin.

ROSCOE BLVD20160

ROSCOE BLVD20160

$3,400,000

SQUARE FEET

LOT SIZE 33,426 SF

ZONING

LAC4

BY RIGHT BUILDABLE

83 UNITS

TRAFFIC COUNT

25,560 Traffic Count

EXISTING BUILDINGS

6,555 SF

YEAR BUILT

BUILT IN 1962


ROSCOE BLVD20160


Rental Income:Price: $3,400,000 18,380$ 18,931$ Down Payment: $3,400,000Down Payment %: 100%

Total Monthly Income: 18,380$ $18,931

Current CAP: 4.40%Proforma 2021 CAP: 5.74%

Cost Per Sq. Ft. BLDG: $518.69 CURRENTCost Per Sq. Ft. LAND: $101.72 Scheduled Gross Income: $220,560 $227,177Expenses Per Sq Ft: ($10.18) Taxes (1.17% of Price): $39,925 CAM Reimbursements: $7,200 $50,602Proforma Expenses Per Sq Ft: ($10.49) Direct Assessments: $2,191

Cleaning (Actual): $2,400

Insurance (Actual): $4,759Common Area Utilities (Actual): $976 Total Gross Scheduled Income: $227,760 $277,779

Tenancy: In-Line Retail Management: $10,000Number of Tenants: 4 Maintenance and Repairs: $6,000 Vacancy: 5% ($11,388) 5% ($13,889)Number of Parking Spaces: 45 General and Admin: $500 Adjusted Gross Income: $216,372 $263,890Year Built: 1962 Less Expenses: -31% ($66,751) -25% ($68,754)Lot Size: 33,426 Net Operating Income: $149,621 $195,136Bldg Gross Sq Ft: 6,555Bldg Net Sq Ft: 6,200 Total Expenses: $66,751 CAP RATE: 4.40% 5.74%Zoning: C4

CURRENTNOTES

Loan Quote Available Upon RequestLeased Rent:

SOURCE OF INCOME

ESTIMATED ANNUALIZED OPERATING DATAESTIMATED ANNUALIZED EXPENSES PROFORMA

2021 PROFORMA

*See Rent Roll for current CAM charges

FINANCIAL INDICATORS

PROPERTY ABSTRACT

FINANCIAL SUMMARY

FINANCIALS | 2520160 ROSCOE BLVD - IREA THE INFORMATION PROVIDED HEREIN IS FROM SOURCES WE BELIEVE ARE RELIABLE. WHILE WE DO NOT DOUBT ITS ACCURACY, WE HAVE NOT VERIFIED IT AND MAKE NO REPRESENTATIONS, GUARANTEES OR WARRANTIES ABOUT IT.

ROSCOE BLVD20160

*

TENANT UNIT START DATE END DATESECUIRTY DEPOSIT

LEASE TYPE

CURRENT CAM

CHARGES

RENTABLE SQ. FT.

% of CENTER

MO. RENT/ SQ. FT

CURRENT MONTHLY RENT

INCREASES2021 PROJECTED

RENTPROJECTED

MONTHLY CAMOPTIONS NOTES

Friendly Express Liquor 20152 Roscoe Blvd 6/1/18 5/31/23 6,000$ Gross N/A 1,500 24.19% $2.27 3,400.00$ Annual CPI Increase $3,451.00 $0.00 (1) 5-Year Option

Jasmine Thai Cuisine 20154/56 Roscoe Blvd 6/1/19 5/31/25 N/A NNN $200.00 2,100 33.87% $2.10 4,400.00$ Annual CPI Increase $4,466.00 $1,884.11 (1) 4-Year Option

Alejandra's Beauty Salon 20158 Roscoe Blvd 11/1/19 10/31/22 4,400$ NNN $150.00 1,200 19.35% $1.71 2,050.00$ N/A $2,050.00 $1,076.63 N/A

Celtic Raven Pub 20160 Roscoe Blvd 4/1/19 3/31/24 3,100$ NNN $250.00 1,400 22.58% $2.07 2,900.00$ 4/1/2021: $2,9504/1/2022: $3,0004/1/2023 $3,100

$2,950.00 $1,256.07 (1) 5-Year Option Annual CPI Increases in the

Option Period

Cell Tower Rear Parking Area 2/19/01 2/18/26 N/A 2,630.00$ 3% Annual Increases $2,708.90 $0.00 None Remaining

Recycler Rear Parking Area N/A 3,000.00$ $3,000.00 $0.00 N/A

$600.00 6,200 18,380.00$ $18,625.90 $4,216.81

Month to Month

ROSCOE BLVD20160LEASE SUMMARY

ROSCOE BLVD20160

LEASE SUMMARYS | 2720160 ROSCOE BLVD - IREATHE INFORMATION PROVIDED HEREIN IS FROM SOURCES WE BELIEVE ARE RELIABLE. WHILE WE DO NOT DOUBT ITS ACCURACY, WE HAVE NOT VERIFIED IT AND MAKE NO REPRESENTATIONS, GUARANTEES OR WARRANTIES ABOUT IT.


SALES COMPARABLES LAND

PROPERTY SALES PRICE ZONING LOT SIZEPRICE /

LAND SFBUILDABLE

UNITSPRICE/BUILDABLE

UNITCLOSE OF ESCROW

NOTES

1 6648-6670 Reseda Blvd $8,000,000 R4 62,883 $127 205 $39,024 02/09/20Reseda, CA 91335

2 9502 Van Nuys Blvd $5,000,000 C2 26,998 $185 49 $102,041 11/27/19Panorama City, CA 91402

3 8767 Parthenia Pl $3,600,000 C2 27,000 $133 67 $53,731 08/09/19North Hills, CA 91343

4 8811-8857 Sepulveda Blvd $15,000,000 C2 189,486 $79 355 $42,254 For SaleNorth Hills, CA 91343

5 20116 Sherman Way $6,890,000 C2 44,431 $155 99 $69,596 For SaleWinnetka, CA 91306

AVERAGES $7,698,000 70,160 $136 155 $61,329

SUBJECT $3,400,000 C4 33,426 $102 83 $40,964

Plans in Place

Fully Entitled

Fully Entitled

Fully Entitled with Approved Zone ChangeIncludes 5,932 SF of Commercial Space

Vacant Building at Time of Sale


ROSCOE BLVD20160


16501 Ventura Blvd. Suite 448Encino, CA 91436Phone: 818.386.6888Fax: 818.386.2805

www.irea.com

I R E A Chris ThompsonSenior Partner(818) [email protected]

Jonathan KrikorianPartner(818) [email protected]

W I N N E T K A , C A 9 1 3 0 6R E T A I L C E N T E R

ROSCOE BLVD20160

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ROSCOE BLVD...20160 ROSCOE BLVD - IREA Chris Thompson EXCLUSIVE LISTING AGENTS Senior Partner (818) 574-5102 [email protected] 01205918 Jonathan Krikorian Partner (818) 574-5113 [email protected]