FOR SALE INDUSTRIAL MULTI-TENANT LEASED INVESTMENT PROPERTY 98,757 SF BUILDING ON 149,846 SF OF LAND COMMERCE, CALIFORNIA 90040 OFFERING MEMORANDUM PREPARED BY Mollie Shea Dietsch Senior Vice President & Principal LIC NO 00899320 mdietsch@lee-associates.com 323.767.2105 Lee & Associates - Commerce, Inc. CORP ID 01125429 500 Citadel Dr, Ste 140, Commerce, CA 90040 P: 323.720.8484 F: 323.720.8474 LEE-ASSOCIATES.COM LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS.
FOR SALE INDUSTRIAL MULTI-TENANT LEASED INVESTMENT PROPERTY 98,757 SF BUILDING ON 149,846 SF OF LAND EXECUTIVE SUMMARY PROPERTY OVERVIEW YEAR COMPLETED BUILDING SIZE LAND AREA PARKING ZONING TRAFFIC COUNTS 1951/2018 Renovated 98,757 Net Rentable SF 149,846 SF (3.44 Acres) 71 Parking Spaces (1.36 Per 1,000 SF) M2 7,373 ADT at S Vail Ave (c. Date St) 34,395 ADT at E Washington Blvd (c. S Maple Ave) CURRENT CURRENT OCCUPANCY 100% 2019 GROSS OPERATING INCOME $936,305 ESTIMATED EXPENSES $249,037 ESTIMATED NET OPERATING INCOME $659,178 CURRENT TENANTS 2935 S VAIL AVE S Bravo Systems, Inc. 2937 S VAIL AVE Mirror Image 2939 S VAIL AVE GRM 2939 S VAIL AVE Care Ambulance Services PRICING SUMMARY LIST PRICE $14,100,000 (142.90 PSF) The information has been furnished from sources which we deem reliable, but for which we assume no liability. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. COMMERCE, CALIFORNIA 90040
PROPERTY OVERVIEW 2935-2939 S Vail Avenue is a 98,757 SF industrial building located in Commerce, CA. The subject property is a single-story building on 149,846 SF of land. There are four individual units: 60,259 SF, 23,666 SF, 13,445 SF and 1,387 SF. Easily access the property through 2 ingress/egress points on Vail Avenue. Subject property offers surface parking for tenants and visitors. The property offers immediate access to the Santa Ana 5 Freeway (Right off Garfield Avenue exit) within minutes of the subject property. Subject property is also ideally located adjacent to Citadel Shopping Outlet and the Commerce Casino. PROPERTY ATTRIBUTES + Great Owner/User Opportunity For Sale + 98,757 SF Industrial Building + All 4 Units Leased - Good Stable Income, Great Local Tenants + 19 Ceiling Clearance + 1,000 Amps Power + Great Loading + Nearby Citadel Shopping Outlet, the Commerce Casino, and the 5 Freeway
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SITE PLAN GRM EXISTING SITE PLAN
SITE PLAN EXTERIOR LOADING DOCK 274-3 171.6 100 BUILDING B 24,000 SF (ONE STORY) 120 CONCRETE WALL 336.4 BUILDING A 58,756 SF (FOOTPRINT) 60,259 SF (FOOTPRINT WITH MEZZANINE) BRAVO DOCK HIGH LOADING GRM AVAILABLE NOV, 2018 RR GL RAMP 220 BUILDING C MIRROR IMAGE BUILDING D 4,895 SF MIRROR IMAGE CARE AMBULANCE TOTAL OFFICE 4,893 SF N VAIL AVE BRICK NOTE: Drawing not to scale. All measurements and sizes are approximate.
98,757 SF INDUSTRIAL MULTI-TENANT LEASED INVESTMENT PROPERTYON 149,846 SF OF LAND 2935-2939 S VAIL AVENUE COMMERCE, CALIFORNIA 90040 ALTA SURVEY
PROPERTY AERIAL 5 YATES AV AVE ELM ST CON ONDOR O AV AVE S MA LT AVE YA TES AVE VAIL AVE GARF IE LD AVE TANAGE AGE R AVE SUP PLY AVE SYC AMO MORE RE ST TEL EGR APHPH RD BAN DINI IBLVD
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W RIGGIN ST POMONA BLVD N FINDLAY AVE 98,757 SF INDUSTRIAL MULTI-TENANT LEASED INVESTMENT PROPERTYON 149,846 SF OF LAND LOCATOR MAP N SAN GABRIEL BLVD D ST S DOWNEY RD S GERHART AVE 60 S EASTERN AVE N LINOLN AVE S ARIZONA AVE S FORD BLVD WHITTIER BLVD W LINCOLN AVE S ATLANTIC BLVD BEVERLY 5 710 EAST LOS ANGELES EASTMONT ROSEMEAD BLVD W BEVERLY BLVD N WILCOX AVE 72 60 MONTEBELLO 19 GOODRICH BLVD E OLYMPIC BLVD SAN GABRIEL RIVER PKWY N POPLAR AVE W WHITTIER BLVD COMMERCE FERGUSON DR BEVERLY BLVD PIONEER BLVD S TUBEWAY AVE SMITHWAY ST FLOTILLA ST E WASHINGTON BLVD VAIL AVE S ATLANTIC BLVD W ROOSEVELT AVE SAYBROOK AVE YATES AVE GARFIELD AVE DAVIE AVE TELEGRAPH RD S BLUFF RD S GREENWOOD AVE S MAPLE AVE S ANGELES RIVER PARAMOUNT BLVD SAN GABRIEL RIVER DATE ST SITE MINES AVE ELM ST BANDINI BLVD SUPPLY AVE TANAGER AVE EASTERN AVE DISTRICT BLVD PASSONS BLVD ROSEMEAD BLVD E SLAUSON AVE NORWALK BLVD CRIDER AVE SYCAMORE ST 5 72 MERCURY LN W WASHINGTON BLVD RANDLOPLH ST 19 ATLANTIC AVE BROADWAY AVE REX RD RANDLOPLH ST 710 PICO RIVERA 605 W WH GAGE AVE SLAUSON AVE RIVER DR WILCOX AVE BELL GARDENS FLORENCE AVE
LOCATION OVERVIEW The City of Commerce is a city located in southeast Los Angeles County, California, United States. The population was 12,823 at the 2010 census, up from 12,568 at the 2000 census. It is bordered by Vernon on the west, Los Angeles on the northwest, East Los Angeles on the north, Montebello on the east, Downey and Bell Gardens on the south, and Maywood on the southwest. The Los Angeles River forms part of its southwestern boundary, and the Rio Hondo separates it from Downey. Commerce is served by the Long Beach and Santa Ana freeways, as well as the Metrolink commuter rail service at the Commerce station. It is usually referred to as the City of Commerce to distinguish it from the common noun. LOCATION ATTRIBUTES + Located Conveniently Near The Santa Ana 5 Freeway + Located Near the Intersection of Washington Blvd & Garfield Ave + Eight Miles East of Downtown Los Angeles + Excellent Ingress And Egress DEMOGRAPHICS 1 MILE 3 MILES 5 MILES POPULATION (2013): 13,040 237,944 676,693 AVG. HH INC. (2013): $54,825 $59,989 $60,932
RENT ROLL ADDRESS TENANT NAME RENTABLE SF TOTAL RENT ANNUAL INCOME RENT SF/MO LEASE TYPE EXPIRE MOVE IN OPTIONS 2935 S Vail Ave S Bravo Systems, Inc. 23,666 SF $17,304.00 Bravo Receives a credit of $1,666.67/Mo Months 3-14 for Improvements Months 15-24 = $17,304.00 $0.72 Modified Gross 6/30/21 2/1/18 No Options 2937 S Vail Ave Mirror Image 13,445 SF $11,632.00 $0.87 Modified Gross 1/31/21 2/1/18 No Options 2939 S Vail Ave GRM 60,259 SF $45,195.00 $0.75 Gross 10/2018 4/18/18 Options to Renew with 3% Increases 2939A S Vail Ave Care Ambulance Services 1,387 SF $2,758.00 $1.99 Modified Gross 7/31/22 2004 Has a 5-Year Option at Market Rate with 3% Fixed Bumps TOTALS 98,757 SF 2019 Monthly $78,025.42 2019 Annual Gross Income $936,305.00
COMMERCE, CALIFORNIA 90040 FOR MORE INFORMATION, PLEASE CONTACT MOLLIE SHEA DIETSCH LIC. ID. 00899320 323.767.2105 mdietsch@lee-associates.com 500 Citadel Drive, Suite 140, Los Angeles, California 90040 LEE & ASSOCIATES - COMMERCE, INC. CORP. ID. 01125429 P: 323.720.8484 F: 323.720.8474 Lee-Associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS.