FREE STANDING BUILDING FOR SALE ON VENTURA BLVD

Transcription

1 R/ E N OW P P O R USE Y T I N U OR T FREE STANDING BUILDING FOR SALE ON VENTURA BLVD V E N T U R A B LV D, W O O D L A N D H I L L S, C A Commercial Asset Group 4558 Sherman Oaks Ave, 2nd Floor Sherman Oaks, CA Phone: Jason Cole Director Phone: jasonc@cag-re.com

2 RARE OPPORTUNITY TO PURCHASE A ONE OF A KIND PROPERTY Highlights: High Identity Office Building on Ventura Blvd Corner Great Visibility from Both Sides of Ventura Blvd and 101 Freeway ±18,285 Sq. Ft. 3-Story Office Building Perfect for Owner/User or Investor Occupy a Part or All of the Property Can be delivered completely vacant at close of escrow 2nd floor tenant can be kept in place if Buyer wants to retain income Rare Opportunity to Purchase Unique Architectural Gem Pylon Signage Available Along Ventura Blvd Ideal Office Location along Ventura Blvd in the Heart of Woodland Hills Freeway Visible Property with Top Signage Opportunity On Ventura Blvd 1 block East of Winnetka Ave Immediate access to the 101 Freeway Walking distance to great shops and restaurants Outdoor Balconies and Patios on Every Floor Physical Details: ±18,285 Sq. Ft. Steel Frame Building 12,167 Sq. Ft. Land Parcel Sublevel Parking Garage 30 Covered and 10 Surface Parking Spaces Zoned LAC1 Level 1: 6,095 SF Level 2: 6,095 SF Level 3: 6,095 SF Asking Price: $4,950,000 ($270 PSF) These materials are based on information and content provided by others, which we believe are accurate. No guarantee, warranty or representation is made by Commercial Asset Group, Inc. or its personnel. All interested parties must independently verify accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. The property is subject to prior lease, sale, change in price, or withdrawal from the market without notice.

3 EXECUTIVE SUMMARY Commercial Asset Group, Inc. has been selected to exclusively market for sale Ventura Blvd, an 18,285 SF multi-tenant office building ideally situated on 12,167 SF of land located in Woodland Hills, CA. This beautiful 3 story office building can be delivered with either 2 or 3 stories vacant allowing an owner/user to capitalize on a rare opportunity to occupy the entire property, or lease out the balance of the property to bring in additional income Ventura Blvd is located in the desirable submarket of Woodland Hills, adjacent to Warner Center, known as the central business district of the San Fernando Valley. Warner Center is one of Los Angeles largest urban developments, offering a sweeping complex of office parks, high-rise office towers, apartments, and shopping centers including Westfield Topanga and the Village at Westfield Topanga. The subject property is ideally located on highly trafficked Ventura Boulevard, the main thoroughfare of the San Fernando Valley and the world s longest avenue of contiguous business. With immediate access to the 101 and 405 freeways, great shopping and restaurants within walking distance, and phenomenal visibility along the 101 freeway offering top building signage, this is a rare opportunity indeed Ventura is ideally positioned for an owner-user buyer looking to occupy anywhere from 51% to 100% of the property.

4 INTERIOR PHOTOS V E N T U R A B LV D, W O O D L A N D H I L L S, C A

5 SBA 504 LOAN SCENARIO Own the Business? Own the Building. Building Purchase Price $5,950,000 Improvements $0 Equipment $0 Other $0 Total Project Costs $5,950,000 40% Bank Loan SBA 504 Loan Loan Structure Bank 1st Mortgage 50% $2,975,000 SBA 504 2nd Mortgage 40% $2,434,000 Down Payment 10% $595,000 Total Project with Fees % $6,004,000 50% 10% Injection 90% SBA 504 Financing Example Loan Amount Rate Term Amort Monthly Pymt Annual Pymt Bank 1st Mortgage $ 2,975, % 10 Yrs 25 Yrs $ 16,536 $ 198,432 SBA 504 2nd Mortgage* $ 2,434, % 20 Yrs 20 Yrs $ 15,557 $ 186,682 *Includes financed SBA fee of $54,000 Total Financing $ 5,409, % $ 32,093 $ 385,114 Assumptions: Bank rate, terms and fees are estimated and will vary depending on approval. SBA rate is as of Apr '17. Actual rate is set at debenture sale. SBA Fee is estimated at 2.15% plus a $2,500 legal fee. All SBA fees are financed in the 504 loan. 90% LTV financing generally does not require additional collateral. Related costs including appraisal and environmental reports, escrow closing costs (including insurance and legal closing costs) and other soft costs may be included in the loan.

6 MAP

7 AERIAL 101 FREEWAY Ventura Blvd VENTURA BLVD

8 AERIAL 101 FREEWAY VENTURA BLVD

9 For more information, please call. Commercial Asset Group 4558 Sherman Oaks Ave, 2nd Floor Sherman Oaks, CA Phone: Lic Jason Cole Director Phone: Lic These materials are based on information and content provided by others, which we believe are accurate. No guarantee, warranty or representation is made by Commercial Asset Group, Inc. or its personnel. All interested parties must independently verify accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. The property is subject to prior lease, sale, change in price, or withdrawal from the market without notice.