Sky Zone Indoor Trampoline Park

Transcription

1 7741 Hayvenhurst Ave, Van, Nuys, CA CA Eli Fitlovitz, Vice President Kevin M. Levine 5900 Canoga Boulevard, Suite 250 Managing Director 5900 Woodland Canoga Hills, Boulevard, CA Suite 250 Woodland (818) Hills, CA (p) Cell (818) (818) (f) Dir. (818) Fax (818) CA DRE License #

2 Table of Contents Financial Summary Property Description Maps and Aerials Property Photos Rent Comparables Sales Comparables Real Estate Investment Details Executive Summary Demographics Contact Information

3 Financial Summary 7741 Hayvenhurst Ave, Eli Fitlovitz, Vice President Asking Price $5,600,000 Cap Rate 5.09% 7741 Hayvenhurst Ave, Net Operating Income $284, Ownership Type Fee Simple Rent/Month $23, Lease Store Open Commencement Date 02/01/ /2013 Rentable Square Feet 36,000 30,720 Lease Term 10 8 years Land Area Parking Spaces 72,662 sf 84 Rent Commencement 02/01/2014 Lease Expiration Date 05/31/2023 Tenant Name Sky Zone Options Three (3), Five (5) year Guarantor Franchisee Corporate Lease Type NNN Web Site *Lessee Responsible for Insurance,Taxes, and $4,000 Annual Management Fee RENT SCHEDULE Term Increase Annual Rent Monthly Rent Per/SF Cap 1 $ 284, $ 23, $ % 2 3% $ 293, $ 24, $ % 3 3% $ 302, $ 25, $ % 4 3% $ 311, $ 25, $ % 5 3% $ 320, $ 26, $ % 6 3% $ 330, $ 27, $ % 7 3% $ 340, $ 28, $ % 8 3% $ 350, $ 29, $ % 9 3% $ 360, $ 30, $ % Option % $ 371, $ 30, $ % 11 3% $ 382, $ 31, $ % 12 3% $ 394, $ 32, $ % 13 3% $ 406, $ 33, $ % 14 3% $ 418, $ 34, $ % Option % $ 430, $ 35, $ % 16 3% $ 443, $ 36, $ % 17 3% $ 456, $ 38, $ % 18 3% $ 470, $ 39, $ % 19 3% $ 484, $ 40, $ % Option % $ 499, $ 41, $ % 21 3% $ 514, $ 42, $ % 22 3% $ 529, $ 44, $ % 23 3% $ 545, $ 45, $ % 24 3% $ 562, $ 46, $ %

4 7741 Hayvenhurst Ave, Property Description Eli Fitlovitz, Vice President PROPERTY HIGHLIGHTS Built in 2003 Substantial Renovations by Lessee NNN Fee Simple Minimum Landlord Responsibilities Class A Building Below Market Rent Annual Rental Increases Three 5 year Lease Options Adjacent to Van Nuys Airport Close to 405 Freeway Since 2004, Sky Zone, LLC (skyzone.com) has created and built the world's first all-trampoline, walled playing court a concept so unique it was awarded United States Patent No. 5,624, 122. Sky Zone, LLC operates 62 Locations across the United States and Canada with 46 new locations announced. As well as 10 locations in Australia and Mexico. s feature a wide array of fun, fit and lowimpact activities ranging from Open Jump, Ultimate Dodgeball and SkyRobics fitness classes to birthday parties, corporate events and other group outings. The franchise has been awarded various accolades, including being ranked 180 on the 2013 Inc.'s 500/5000 List, Best Gym Alternative by Vegas Seven Magazine, 2012 Locals Choice for Kid's Birthday Party by Southbay Magazine and one of Entrepreneur's 2013 Fresh Concepts Livening Up Franchising.

5 7741 Hayvenhurst Ave, Maps and Aerials Eli Fitlovitz, Vice President

6 7741 Hayvenhurst Ave, Property Photos Eli Fitlovitz, Vice President

7 7741 Hayvenhurst Ave, Property Photos Eli Fitlovitz, Vice President

8 7741 Hayvenhurst Ave, Property Photos Eli Fitlovitz, Vice President

9 7741 Hayvenhurst Ave, Rent Comparables Eli Fitlovitz, Vice President S 7741 Hayvenhurst Ave, Avg Rent/rsf $9.27 $7.91 Major Tenants Rental Range/rsf Rate $9.27 $.66/sf/mo - $9.27 $.13 NNN Fees RSF 36,000 30,720 Occupancy 100% Tenants 1 Year Built Gloria Ave Gloria Ave. Avg Rent/rsf $9.84 Major Tenants Rental Range/rsf Rate $.82/sf/mo, $ $0.00 $.13 NNN Fees RSF 9,600 Occupancy 100% Tenants N/A 1 Year Built Orion Ave 7945 Orion Ave. Avg Rent/rsf $6.60 Major Tenants Rental Range/rsf Rate $.55/sf/mo, $ $0.00 $.18 NNN Fees RSF 95,177 Occupancy 100% Tenants 1 Year Built 2004

10 7741 Hayvenhurst Ave, Rent Comparables Eli Fitlovitz, Vice President Arminta Arminta St. Van Nuys, CA Avg Rent/rsf $8.76 Major Tenants Rental Range/rsf Rate $.73/sf/mo, $ $0.00 $.21 NNN Fees RSF 47,165 Occupancy 100% Tenants 12 Year Built 2006

11 7741 Hayvenhurst Ave, Rent Comparables Eli Fitlovitz, Vice President Hayvenhurst Ave, A 7900 Gloria Ave. B 7945 Orion Ave. C Arminta St. Van Nuys, CA 91402

12 7741 Hayvenhurst Ave, Sales Comparables Eli Fitlovitz, Vice President S 7741 Hayvenhurst Ave, Sale Price $5,600,000 Tenants 1 Price/Tenant RSF $5,600,000 36,000 Price/SqFt $ $ Cap Rate 5.09% Year Built Sale Date 11/21/ Nordhoff St Nordhoff St Northridge, CA Sale Price $1,800,000 Tenants 1 Price/Tenant RSF $1,800,000 10,974 Price/SqFt $ Cap Rate N/A Year Built On Market 7800B Airport Business Pkwy 7800B Airport Business Pkwy Sale Price $4,550,000 Tenants 1 RSF Price/Tenant $4,550,000 30,000 Price/SqFt $75.88 $ Cap Rate N/A Year Built 2003

13 7741 Hayvenhurst Ave, Sales Comparables Eli Fitlovitz, Vice President Hayvenhurst Ave,, ($5,600,000) A Nordhoff St, Northridge, CA ($1,800,000) B 7800B Airport Business Pkwy, ($4,550,000)

14 Real Estate Investment Details ANALYSIS Analysis Date July 2014 PROPERTY Property Property Address 7741 Hayvenhurst Ave, Year Built 2003 PURCHASE INFORMATION Property Type Commercial Purchase Price $5,600,000 Tenants 1 Total Rentable Sq. Ft. 36,000 30,720 FINANCIAL INFORMATION All Cash LOANS All Cash Debt Term Amortization Rate Payment LO Costs INCOME & EXPENSES CONTACT INFORMATION Gross Operating Income $285,486 $284,774 Monthly GOI $23,791 $23,371 Total Annual Expenses $0 Eli Fitlovitz, Vice President eli@cashflowbuildings.com The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.

15 7741 Hayvenhurst Ave, Executive Summary Eli Fitlovitz, Vice President ACQUISITION COSTS Purchase Price, Points and Closing Costs $5,600,000 Investment - Cash $0 INVESTMENT INFORMATION Purchase Price $5,600,000 Price per Tenant $5,600,000 Price per Sq. Ft. $ $ INCOME, EXPENSES & CASH FLOW Gross Scheduled Income $284,774 $285,486 Total Vacancy and Credits $0 Operating Expenses $0 Net Operating Income $284,774 $285,486 Debt Service $0 Cash Flow Before Taxes $284,774 $285,486 FINANCIAL INDICATORS Debt Coverage Ratio N/A Capitalization Rate 5.10% 5.09% Gross Income / Square Feet $9.29 The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.

16 Traffic Count Report Bldg Hayvenhurst Ave, Hayvenhurst Ave, Building Type: RBA: Land Area: Total Available: Warehse Avail: Office Avail: % Leased: Rent/SF/Yr: - Industrial 39,000 36,000 SF AC 0 SF 100% - - Street Cross Street Cross Str Dist 1 Stagg St Balboa Blvd 0.09 W ,653 ADT.40 2 Hayvenhurst Pl W Sherman Way 0.28 S ,764 ADT.41 3 Saticoy St Forbes Ave 0.05 E ,948 MPSI.45 4 Balboa Blvd Stagg St 0.03 S ,510 ADT.47 5 Balboa Blvd N Balboa Blvd 0.02 N ,547 MPSI.49 6 Balboa Blvd Stagg St 0.05 S ,753 MPSI.50 7 Saticoy St Woodley Ave 0.07 E ,657 MPSI.50 8 Balboa Blvd N Balboa Blvd 0.03 S ,968 MPSI.51 9 Valjean Ave Runnymede St 0.02 S ,040 ADT Woodley Ave Saticoy St 0.08 S ,733 MPSI.55 Count Year Avg Daily Volume Volume Type Miles from Subject Prop This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 1

17 Demographic Detail Report Building Type: RBA: Land Area: Total Industrial 39,000 36,000 SF AC 0 SF Bldg Hayvenhurst Ave, Hayvenhurst Ave, Warehse Avail: - Office Avail: - % Leased: 100% Rent/SF/Yr: - Radius 1 Mile 3 Mile 5 Mile Population 2019 Projection 15, , , Estimate 15, , , Census 14, , ,727 Growth % 4.08% 3.70% Growth % 5.16% 3.94% 2014 Population by Age 15, , ,999 Age 0-4 1, % 20, % 49, % Age 5-9 1, % 19, % 46, % Age % 19, % 45, % Age , % 19, % 48, % Age , % 21, % 52, % Age , % 22, % 54, % Age , % 21, % 54, % Age , % 21, % 52, % Age , % 20, % 51, % Age , % 19, % 50, % Age , % 17, % 47, % Age % 15, % 43, % Age % 12, % 36, % Age % 9, % 27, % Age % 6, % 19, % Age % 4, % 14, % Age % 3, % 11, % Age % 4, % 14, % Age 65+ 1, % 27, % 87, % Median Age Average Age This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 2

18 Demographic Detail Report Bldg Hayvenhurst Ave, Hayvenhurst Ave, Radius 1 Mile 3 Mile 5 Mile 2014 Population By Race 15, , ,999 White 12, % 222, % 567, % Black % 14, % 35, % Am. Indian & Alaskan % 4, % 9, % Asian 1, % 31, % 84, % Hawaiian & Pacific Island % % 1, % Other % 7, % 21, % Population by Hispanic Origin 15, , ,999 Non-Hispanic Origin 6, % 111, % 361, % Hispanic Origin 8, % 169, % 358, % 2014 Median Age, Male Average Age, Male Median Age, Female Average Age, Female Population by Occupation 11, , ,249 Classification Civilian Employed 7, % 131, % 343, % Civilian Unemployed % 15, % 38, % Civilian Non-Labor Force 3, % 70, % 186, % Armed Forces % % % Households by Marital Status Married 2,252 39, ,361 Married No Children 1,076 17,720 54,042 Married w/children 1,176 21,654 54, Population by Education 10, , ,171 Some High School, No Diploma 2, % 52, % 113, % High School Grad (Incl Equivalency) 2, % 41, % 103, % Some College, No Degree 2, % 47, % 130, % Associate Degree % 12, % 32, % Bachelor Degree 1, % 28, % 90, % Advanced Degree % 10, % 39, % This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 3

19 Demographic Detail Report Bldg Hayvenhurst Ave, Hayvenhurst Ave, Radius 1 Mile 3 Mile 5 Mile 2014 Population by Occupation 28, ,301 1,341,421 Real Estate & Finance % 9, % 25, % Professional & Management 2, % 50, % 155, % Services 1, % 30, % 68, % Information % 4, % 16, % Sales 1, % 32, % 89, % Transportation % 11, % 22, % Education & Health 1, % 23, % 68, % Retail % 15, % 39, % Wholesale % 3, % 8, % Construction 1, % 31, % 64, % Agriculture & Mining % % 1, % Farming, Fishing, Forestry % % 1, % 2014 Worker Travel Time to Job 6, , ,324 <30 Minutes 3, % 65, % 171, % Minutes 2, % 43, % 114, % 60+ Minutes 1, % 18, % 42, % 2010 Households by HH Size 4,595 81, ,461 1-Person Households % 15, % 49, % 2-Person Households 1, % 18, % 57, % 3-Person Households % 14, % 37, % 4-Person Households % 13, % 35, % 5-Person Households % 8, % 21, % 6-Person Households % 4, % 10, % 7 or more Person Households % 5, % 11, % 2014 Average Household Size Households 2019 Projection 5,011 87, , Estimate 4,819 84, , Census 4,596 81, ,460 Growth % 3.81% 3.52% Growth % 1.10% 0.05% This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 4

20 Demographic Detail Report Bldg Hayvenhurst Ave, Hayvenhurst Ave, Radius 1 Mile 3 Mile 5 Mile 2014 Households by HH Income 4,820 84, ,657 <$25,000 1, % 23, % 55, % $25,000 - $50,000 1, % 23, % 56, % $50,000 - $75, % 13, % 38, % $75,000 - $100, % 9, % 27, % $100,000 - $125, % 5, % 18, % $125,000 - $150, % 3, % 10, % $150,000 - $200, % 3, % 10, % $200, % 2, % 11, % 2014 Avg Household Income $69,962 $63,470 $72, Med Household Income $51,949 $44,647 $51, Occupied Housing 4,818 84, ,657 Owner Occupied 2, % 34, % 110, % Renter Occupied 2, % 50, % 119, % 2010 Housing Units 4,505 86, ,830 1 Unit 3, % 41, % 123, % 2-4 Units % 1, % 5, % 5-19 Units % 11, % 29, % 20+ Units % 32, % 76, % 2014 Housing Value 2,650 34, ,851 <$100, % % 2, % $100,000 - $200, % 2, % 6, % $200,000 - $300, % 5, % 17, % $300,000 - $400, % 10, % 31, % $400,000 - $500, % 6, % 18, % $500,000 - $1,000, % 8, % 28, % $1,000, % % 5, % 2014 Median Home Value $354,187 $379,003 $392, Housing Units by Yr Built 4,930 87, ,566 Built % 1, % 4, % Built % 4, % 12, % Built % 4, % 12, % Built % 10, % 25, % Built % 14, % 41, % Built % 17, % 45, % Built , % 23, % 67, % Built < % 10, % 26, % 2014 Median Year Built This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 5

21 Demographic Market Comparison Report Type: County: Bldg Hayvenhurst Ave, Hayvenhurst Ave, Industrial/Warehouse 1 Mile Los Angeles County Population Growth Household Growth 1 mile radius 2014 Med Household Inc 2014 Households by Household Income 2014 Median Age 2014 Population by Race 2014 Renter vs. Owner 2014 Employed vs. Unemployed This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 6

22 Demographic Market Comparison Report Type: County: Industrial/Warehouse Los Angeles Bldg Hayvenhurst Ave, Hayvenhurst Ave, 1 mile radius 1 Mile County Population Growth Growth % 2.30% Growth % 3.24% Employed 7, % 4,630, % Unemployed % 538, % 2014 Population by Race 15,015 10,044,160 White 12, % 7,213, % Black % 931, % Am. Indian & Alaskan % 151, % Asian 1, % 1,430, % Hawaiian & Pacific Island % 37, % Other % 278, % Household Growth Growth % -0.02% Growth % 3.29% Renter Occupied 2, % 1,736, % Owner Occupied 2, % 1,580, % 2014 Households by Household Income 4,820 3,316,497 Income <$25K 1, % 802, % Income $25K - $50K 1, % 745, % Income $50K - $75K % 547, % Income $75K - $100K % 394, % Income $100K - $125K % 280, % Income $125K - $150K % 162, % Income $150K - $200K % 182, % Income $200K % 200, % 2014 Med Household Inc $51,949 $54, Median Age This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 7

23 Demographic Summary Report Building Type: RBA: Land Area: Total Available: Industrial 39,000 36,000 SF AC 0 SF Bldg Hayvenhurst Ave, Hayvenhurst Ave, Warehse Avail: - Office Avail: - % Leased: 100% Rent/SF/Yr: - Radius 1 Mile 3 Mile 5 Mile Population 2019 Projection 15, , , Estimate 15, , , Census 14, , ,727 Growth % 4.08% 3.70% Growth % 5.16% 3.94% 2014 Population by Hispanic Origin 8, , , Population By Race 15, , ,999 White 12, % 222, % 567, % Black % 14, % 35, % Am. Indian & Alaskan % 4, % 9, % Asian 1, % 31, % 84, % Hawaiian & Pacific Island % % 1, % Other % 7, % 21, % Households 2019 Projection 5,011 87, , Estimate 4,819 84, , Census 4,596 81, ,460 Growth % 3.81% 3.52% Growth % 1.10% 0.05% Owner Occupied 2, % 34, % 110, % Renter Occupied 2, % 50, % 119, % 2014 Households by HH Income 4,820 84, ,657 Income: <$25,000 1, % 23, % 55, % Income: $25,000 - $50,000 1, % 23, % 56, % Income: $50,000 - $75, % 13, % 38, % Income: $75,000 - $100, % 9, % 27, % Income: $100,000 - $125, % 5, % 18, % Income: $125,000 - $150, % 3, % 10, % Income: $150,000 - $200, % 3, % 10, % Income: $200, % 2, % 11, % 2014 Avg Household Income $69,962 $63,470 $72, Med Household Income $51,949 $44,647 $51,581 This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 8

24 Demographic Trend Report Building Type: RBA: Land Area: Total Available: Industrial 36,000 39,000 SF AC 0 SF Bldg Hayvenhurst Ave, Hayvenhurst Ave, Warehse Avail: - Office Avail: - % Leased: 100% Rent/SF/Yr: - 1 Mile Radius Description Population 14,189 15,015 15,658 Age 0-4 1, % 1, % 1, % Age % 1, % 1, % Age % % 1, % Age , % 1, % 1, % Age % 1, % 1, % Age , % 1, % 1, % Age , % 1, % 1, % Age , % 1, % 1, % Age , % 1, % 1, % Age , % 1, % 1, % Age % 1, % 1, % Age % % % Age % % % Age % % % Age % % % Age % % % Age % % % Age % % % Age , % 12, % 12, % Age , % 10, % 11, % Age 65+ 1, % 1, % 2, % Median Age Average Age Population By Race 14,189 15,015 15,658 White 11, % 12, % 12, % Black % % % Am. Indian & Alaskan % % % Asian 1, % 1, % 1, % Hawaiian & Pacific Islander % % % Other % % % This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 9

25 Demographic Trend Report Bldg Hayvenhurst Ave, Hayvenhurst Ave, 1 Mile Radius Description Population by Race (Hispanic) 7,569 8,218 8,608 White 6, % 7, % 7, % Black % % % Am. Indian & Alaskan % % % Asian % % % Hawaiian & Pacific Islander % % % Other % % % Household by Household Income 4,596 4,820 5,011 <$25,000 1, % 1, % 1, % $25,000 - $50,000 1, % 1, % 1, % $50,000 - $75, % % % $75,000 - $100, % % % $100,000 - $125, % % % $125,000 - $150, % % % $150,000 - $200, % % % $200, % % % Average Household Income $68,210 $69,962 $70,020 Median Household Income $52,087 $51,949 $51,617 This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 10

26 Consumer Spending Report Building Type: RBA: Land Area: Total Available: Warehse Avail: Office Avail: % Leased: Rent/SF/Yr: Industrial 39,000 36,000 SF AC 0 SF % - Bldg Hayvenhurst Ave, Hayvenhurst Ave, 2014 Annual Spending ($000s) 1 Mile 3 Mile 5 Mile Total Specified Consumer Spending $140,433 $2,322,913 $6,750,271 Total Apparel $8,355 $148,019 $400,449 Women's Apparel 3,244 55, ,122 Men's Apparel 1,802 31,213 86,107 Girl's Apparel ,123 30,539 Boy's Apparel 445 8,483 21,245 Infant Apparel 382 7,224 18,426 Footwear 1,824 33,013 87,010 Total Entertainment & Hobbies $10,254 $161,769 $483,183 Entertainment 2,623 40, ,874 Audio & Visual Equipment/Service 4,345 71, ,666 Reading Materials 475 7,350 24,551 Pets, Toys, & Hobbies 2,811 42, ,091 Total Food and Alcohol $37,574 $648,621 $1,810,415 Food At Home 21, ,924 1,030,650 Food Away From Home 13, , ,028 Alcoholic Beverages 2,288 38, ,737 Total Household $18,281 $285,223 $891,078 House Maintenance & Repair 3,064 40, ,404 Household Equip & Furnishings 7, , ,223 Household Operations 5,894 95, ,080 Housing Costs 1,970 30, ,371 This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 11

27 Consumer Spending Report Bldg Hayvenhurst Ave, Hayvenhurst Ave, 2014 Annual Spending (000s) 1 Mile 3 Mile 5 Mile Total Transportation/Maint. $42,526 $695,027 $1,986,066 Vehicle Purchases 14, , ,227 Gasoline 19, , ,800 Vehicle Expenses ,352 49,815 Transportation 3,071 52, ,353 Automotive Repair & Maintenance 4,397 72, ,872 Total Health Care $6,528 $106,557 $320,111 Medical Services 3,881 63, ,958 Prescription Drugs 2,005 32,694 99,680 Medical Supplies ,501 31,474 Total Education/Day Care $8,660 $143,212 $441,880 Education 5,550 94, ,429 Fees & Admissions 3,110 49, ,451 This copyrighted report contains research licensed to Peak Commercial/Peak Asset Solutions /10/2014 Page 12

28 For more information please contact Kevin M. Levine Gage Manos Peak Commercial Peak Commercial CA DRE License # Tel: Tel: Fax: Fax: Gagem@peakcommercial.com KevinL@peakcommercial.com