MULTI-TENANT RETAIL BUILDING 8128 W 3RD STREET LOS ANGELES, CA

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1 OFFERING MEMORANDUM MULTI-TENANT RETAIL BUILDING 8128 W 3RD STREET LOS ANGELES, CA COLDWELL BANKER COMMERCIAL WESTMAC 1515 South Sepulveda Boulevard, Los Angeles, CA TEL Company BRE#

2 8128 W 3RD STREET PRIMARY CONTACT WILLIAM B. ALTHOUSE Executive Vice President T althouse@westmac.com BRE# CONTENTS PROPERTY INFORMATION PROPERTY OVERVIEW TENANT OVERVIEWS 2016 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates

3 8128 W 3RD STREET PROPERTY INFORMATION

4 PROPERTY INFORMATION 8128 W 3RD STREET Location Building Size Land Size 8128 W 3rd Street, Los Angeles, CA Approximately 3,652 square feet Approximately 4,400 square feet APN Zoning C2-1VL-0 Year Built 1946/Renovated 2014 Sales Price $ 6,850,000 Comments High street retail Unique opportunity to purchase a prominent retail building on West 3rd Street The trophy property is situated on one of the most rarely traded stretches of any street in the West Hollywood/ Grove area. This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.

5 PROPERTY INFORMATION 8128 W 3RD STREET TENANT INFORMATION RENT ROLL Tenant Square Feet Monthly Base Rent Monthly/ NNN Monthly MGMT Fee Parking Space Monthly Parking Rent Pro Data % Rent Increase % Search Deposit Lease Commencement Lease Expiration Option to Renew Anine Bing 2,446 $15,150 Actual $533 1 $ $60,000 Sept-2015 Aug /5 OnePiece 1,206 $8,400 Actual $390 1 $ $16,800 Jan-2016 Dec /3 Handicap Parking 1 Total 3,652 $23,550 $923 3 $ $76,800 FINANCIAL DATA Net Rental Income $23,550 Parking $300 Property Taxes Property Insurance Reimbursed by tenants Reimbursed by tenants Annual Net Operating Income $286,200 Price $6,850,000 Capitalization Rate 4.18% This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.

6 8128 W 3RD STREET PROPERTY OVERVIEW

7 8128 W 3RD STREET PROPERTY OVERVIEW PARCEL MAP AERIAL

8 PROPERTY OVERVIEW SITE MAP 8128 W 3RD STREET NEARBY RETAIL TENANTS 1 Sushi Roku 2 Magnolia Bakery 3 Elaine Kim 4 The Churchill 5 Son of a Gun 6 Joan s On Third 7 Electric Karm 8 Little Next Door 9 The Little Door 10 El Carmen 11 Doughboys Cafe & Bakery 12 Kathryn Amberleigh 13 Tasca 14 Fonuts 15 Robata JINYA 16 Mercado 17 Whole Foods Market 18 Toast Bakery Cafe 19 Milk 20 Future Redevelopment Site 21 Third Street Theatre 22 Lionel Renard Hair Salon 23 Livingston Nail Bar 24 Olio Pizzeria & Cafe 25 Verve Coffee 26 Sweetgreen 27 Belcampo Meat Co.

9 8128 W 3RD STREET TENANT OVERVIEWS

10 TENANT OVERVIEWS 8128 W 3RD STREET 8128 W 3RD ST, LOS ANGELES, CA Established in 2012, ANINE BING is a women s fashion brand. The brand is aimed at fashionable women with a busy lifestyle, who need a wardrobe with pieces that are on point but easy to mix and match. ANINE BING is sold in more than 300 boutiques world wide. Four ANINE BING flagship stores can be found in Los Angeles, New York and Belgium and Spain; and this expansion will continue throughout the beginning of 2016 world wide. All clothes are produced in the United States and Turkey to ensure the highest quality and fit W 3RD ST, LOS ANGELES, CA Founded in 2007 by three Norwegians Thomas Adams, Knut Gresvig and Henrik Børke Nørstrud. The idea behind the brand came to in 2007 when the three of them fantasized about the ultimate chill-out wear on a hung-over Sunday perfect for the lazy days at home. The company has been credited to be the manufacture of the western adult onesie the signature product of the brand. OnePiece has opened more than 10 of its own brand stores, including Beverly Hills, Berlin, Stockholm, Oslo, Helsinki, Smögen, Gothenburg, Malmö, Montreal and 2 in London. This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.

11 8128 W 3RD STREET COLDWELL BANKER COMMERCIAL WESTMAC WILLIAM B. ALTHOUSE 1515 South Sepulveda Boulevard Los Angeles, CA T Company BRE#