Investment Offering Arroyo Drive. 8 Unit Commercial Shopping Center in Rosemead, CA. Property Management & Real Estate Brokerage

Transcription

1 Investment Offering 8147 Arroyo Drive

2 CONTENTS Investment Analysis.. 1 Comparables..13 Market Overview...23

3 8147 Arroyo Drive

4 INVESTMENT ANALYSIS

5 PROPERTY SUMMARY Address: Arroyo Drive Rosemead, CA Property Highlights Units 8 Building SF 10,800 Year Built 29,277 APN Description Lotus Property Services, Inc. is pleased to present the Arroyo Center 10,800 square foot retail center in the heart of San Gabriel Valley located in the beautiful City of Rosemead, California. This is a rare opportunity to acquire property at one of the busiest intersections in the city, with over 20,000+ cars per day at the adjacent intersections. This property is located just north of 60 freeway and south of the 10 freeway and makes for the perfect investment opportunity. Several strip center tenants are long term tenants while a couple of others are on a month to month basis with upside potential in rent. The recent lease signing with the successful Library Liquor illustrates the strong tenant demand of this area. The strip center is ready for a new investor with new strategy to leverage the upside potential. This location provides excellent visibility and vehicular access. Additionally this shopping center is only a few blocks from the approved Montebello Hills new home development project that is set to built in the coming year. Owner user opportunity with 2,100 square feet coming vacant in December Current occupant has been estimated to generate 1 million plus gross sales revenue. Solid neighborhood Shopping Center with long term tenants 10,800 Square Feet Retail Center 20,000+ cars per day at adjacent street intersections. Property located within close proximity to 10fwy, 60fwy and 605fwy Great upside potential with ample parking spaces High visibility location and easy access location Blocks from new Monterey Hills Homes development project Located in the heart of Rosemead California

6 8147 Arroyo Drive

7 PROPERTY LOCATION 8147 Arroyo Drive ARROYO DRIVE PARAMOUNT BLVD

8 PROPERTY LOCATION 8147 Arroyo Drive

9 PRICING SUMMARY THE OFFERING Property Address 8147 Arroyo Drive Rosemead, CA APN Units 8 Year Built 1973 Gross Square Feet 10,800 SF Lot Size (SF) 29,277 SF Price $4,098,000 Price/SF $ GRM CAP Rate 3.68

10 FINANCIAL OVERVIEW 2017 PROJECTED INCOME Scheduled Gross Income $215,808 Less Vacancy Reserve 2% $4,316 Effective Operating Income $211,492 Operating Expenses $60,600 Net Operating Income $150,892 GRM CAP 3.68 Cost Per Unit $512,250 FINANCIAL INFO First Loan Amount (50% Down) $2,049,000 Terms: 30 years due in 30 Interest Rate: 4.5% Monthly Payments $10, ANNUALIZED EXPENSES New Property Tax $46,307 Insurance $1,980 Water & Sewer $2,225 Electricity $1,428 Management $8,632 TOTAL EXPENSES $60,773

11 TENANT SUMMARY UNIT NO. UNIT TYPE SQFT CURRENT RENT 8129 Kacey Flowers 1,080 $1, Mexican Restaurant 1,056 $1, The Real Massage 1,128 $1, Internet Business 1, APA Laundry HUB 1,460 $2, My Hair & Nail Salon 632 $1, Library Liquor 2,800 $4, Undisclosed 2,160 $5,467 TOTAL MONTLY RENTS $17,984

12 8147 Arroyo Drive

13 COMPARABLES

14 SALES COMPARABLES Atlantic Blvd Maywood, CA Sales Date: November 7, 2017 Price: $3,132,000 GLA: 7,287 sqft 1501 Maple Ave. Los Angeles, CA 9015 Sales Date: October 6, 2017 Price: $3,500,000 GLA: 6,500 sqft Florence Ave. Bell, CA Sales Date: June 23, 2017 Price: $2,017,884 GLA: 5,346 sqft

15 MARKERT OVERVIEW

16 ROSEMEAD DEMOGRAPHICS Population Radius 1 Mile 3 Mile 5 Mile 2022 Projection 17,722) 232, , Estimate 17, , , Census 16, , ,383 Growth % 2.52% 2.67% Growth % 2.31% 3.10% Population by Race Radius 1 Mile 3 Mile 5 Mile White 7,761 ( 45.15%) 120,192 ( 52.99%) 410,819 ( 63.51%) Black 226 ( 1.31%) 1,885 ( 0.83%) 7,927 ( 1.23%) Asian 8,625 ( 50.18%) 97,687 ( 43.07%) 205,294 ( 31.74%) Hispanic 7,333 ( 42.66%) 117,392 ( 51.76%) 393,929 ( 60.90%) Other 354 ( 2.06%) 3614 ( 1.59%) 11,112 ( 1.72%) 2017 Household Income Income Less than $30,000 3,871 (23%) $30,000 to $74,999 7,248 (43%) $75,000 to $149,999 3,871 (23%) 150,000 or More 1,003 (6%) Employment Status Employed ( Armed Force) 24 (1%) Employed (Civilian) 26,951 (54%) Not in Labor Force 20,436 (41%) Unemployed 2,938 (4%)

17 TRAFFIC COUNT STREET CROSS STREET CROSS STR DIST COUNT YEAR AVG DAILY VOLUME VOLUME TYPE MILES FROM SUBJECT PROP Arroyo Dr Neil Armstrong St 0.04 NW ,818 MPSI.08 Neil Armstrong St Arroyo Dr 0.03 N ,400 MPSI.13 Paramount Blvd S Bradbury Dr 0.04 SW ,555 MPSI.14 Paramount Blvd Orange St 0.10 SW ,891 MPSI.15 Paramount Blvd San Gabriel Blvd 0.03 N ,229 MPSI.15 Hill Dr Kenneydale Ave 0.03 W ,110 MPSI.18 Hill Dr Arland Ave 0.05 NW ,808 MPSI.20 Arroyo Dr Centurion Ave 0.05 NW ,975 MPSI.21 San Gabriel Blvd Paramount Blvd 0.07 S ,521 MPSI.23 San Gabriel Blvd Hill Dr 0.07 S ,997 MPSI.23

18 EXCLUSIVELY LISTED BY Vincent M. Medina Brian D. Gordon Brokers BRE Lic (626)