PRIME OFFICE/MEDICAL BUILDING FOR SALE OR LEASE
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2 Unique opportunity to purchase or lease a rare asset in the heart of Huntington Park Excellent exposure and visibility Ideal for investor or owner/user LOCATION: 2621 ZOE AVENUE HUNTINGTON PARK, CA BUILDING SIZE: +/- 16,016 SF LOT SIZE: +/- 98,126 SF YEAR BUILT: 1990 PARKING: An abundance of city parking LEASE PRICE: $2.50/RSF MG +/- 4,008 SF Medical Office & Medicare Accredited Surgical Center SALES PRICE: $4,700, (+/- $293/ SF) 2
3 INVESTMENT SUMMARY & PROPERTY HIGHLIGHTS 2621 Zoe Avenue is a rare opportunity to acquire the only mid-sized 16,016 square foot +/- medical building in the heart of Huntington Park, California. Located on Zoe Avenue less the 1 block from Pacific Boulevard, the property has excellent visibility, exposure and signage potential. Currently occupied by well-established Ophthalmologist, Kids Dental Place, and the Mexican American Foundation. The building has been meticulously maintained and has been a pride of ownership. Pacific Blvd is a major retail destination for retailers targeting the Hispanic consumer; over 97% of the population within a 1-mile radius is of Hispanic origin The property will be very attractive to both a myriad of tenants in the area seeking entry into the highly demanded market with lack of supply. Currently approximately 100% leased, however approximately 4,000SF Medical suite can be delivered vacant, which is ideal for a Medical owner/user situation. The available medical unit is a newly built medical office and surgical center. An owner/user can take advantage of SBA financing and purchase the building with only 10% down and realize the benefits of ownership vs. leasing. A savvy investor can take advantage of the prime location, re-tenant the property, and stabilize the income with a long term lease. Huntington Park is considered one of the denser submarkets of Los Angeles with over 36,000 residents in a one-mile radius and over 92,000 household. Neighboring retailers in the immediate area include The Home Depot, CVS Pharmacy, In-N-Out Burger and LA Fitness. Nearby points of interest, include UEI College, Community Hospital of Huntington Park and City Hall. 3
4 FINANCIALS LIST PRICE: $4,700,000 ANNUAL INCOME SCHEDULED INCOME & RENT ROLL: Unit II Mexican American Foundation Jack Bayramyan Dental Corp. A Ebbie Soroudi, MD, MS, APMC Term Expiration 9/14/2018 6/30/2021 Month to Month II Units S.F. 8,008 4,000 2,600 CURRENT Rent/SF Base Rent $1.79 $14,298 $1.43 $5,710 $3.46 $9,000 Review Year: PROFORMA Rent/SF $1.85 $1.48 $ I I Monthly Income $14,799 $5,909 $9,315 Southern California Surgery Center Month to Month 1,408 $4.26 $6,000 $4.41 $6,210 Total Square Feet: 16,016 $35,008 $36,233 Total Scheduled Rent: $35,008 $36,233 Monthly Gross Income: Annual Gross Income: $35,008 $420,095 $36,233 $434,
5 FLOOR PLAN (UNIT A) +/- 4,008 SF MEDICAL OFFICE & SURGICAL CENTER POST OP OPERATING ROOM
6 FLOOR PLAN (UNIT B) +/- 4,000 SF KIDS DENTAL PLACE
7 PROPERTY PHOTOS Medical office and surgery center. Can be delivered vacant.
8 PROPERTY PHOTOS Kids Dental Place
9 PROPERTY PHOTOS 2nd floor office leased to Mexican American Foundation.
10 PRIME OFFICE/MEDICAL BUILDING FOR SALE AMENITIES MAP GAGE A VE ZOE AV E FLO REN SATUR N AVE CE A VE FLO REN CE MILES AVE PA C IFI C SA BL VD NT A FE AV E Ò AVE
11 LOCATION MAP Ò
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