Commercial Real Estate

Transcription

1 INVESTMENT OFFERING MEMORANDUM HART STREET VAN NUYS, CA PRESENTED BY: NICK ANANYAN P a g e

2 TABLE OF CONTENTS CONFIDENTIALITY & DISCLOSURE AGREEMENT 3 EXECUTIVE SUMMARY 4 INVESTMENT HIGHLIGHTS 5 BUILDING INFORMATION 6 PROPERTY MAP 7 AERIAL & GOOGLE MAP 8 BUSINESS GEOGRAPHICAL MAP 9 ASSESSOR MAP 10 RENTAL NUMBERS 11 FINANCIAL SUMMARY 12 FLOOR PLAN 14 ABOUT TITUS TREALTY, INC P a g e

3 DISCLAIMER This Offering Memorandum has been prepared by Titus Realty, Inc regarding the purchase of the property described herein at Hart St, Van Nuys, CA (the Property ). The materials and information contained in this Offering Memorandum do not purport to be allinclusive or to contain all of the information which prospective investors may need or desire. All materials have been developed by Titus Realty, INC and other sources and are subject to variation and withdrawal. No representation is made by Titus Realty, INC as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relief on as a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Titus Realty, INC and its respective principals and employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Titus Realty, Inc and its respective principals and employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property since the date of the preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified investors. 3 P a g e

4 EXECUTIVE SUMMARY Property Address: HART STREET VAN NUYS, CA Property Description: Purchase Price: This is a 11-Unit 4 Story apartment building Project in Van Nuys $1,250,000 (includes current value of project) Total Living Square Footage: 12,600 Sq. Ft. Multiple Units Total Lot Square Footage: 7,000 Sq. Ft. APN: Zoning: R3-1 Year Built: Scheduled Gross Income: Under Construction Market 370, Net Operating Income: 266, P a g e

5 INVESTMENT HIGHLIGHTS This is a 11-Unit four story Apartment building over single level of subterranean parking garage in Van Nuys ready to be built. Seller has permits ready (RTI issued) to continue with the project of building up to 13,000 living square feet. Look at the financial summary to realize a projected gain once the project is completed and units are occupied by tenants. The mix of the units includes: 8 3Bed and 3-2Bed. Condominiums with an average square footage of 1150 per unit (see individual square footage per unit on the picture below. 5 P a g e

6 BUILDING INFORMATION 6 P a g e

7 PROPERTY MAP 7 P a g e

8 AERIAL MAP GOOGLE MAP 8 P a g e

9 BUSINESS GEOGRAPHICAL MAP 9 P a g e

10 ASSESSOR MAP 10 P a g e

11 Rental NUMBERS 11 P a g e

12 FINANCIAL SUMMARY Estimated Project Costs SF Cost / SF Land or initial acquisition cost 7000 $ $1,250,000 Total Acquisition Price $1,250,000 Construction Cost Hard Costs $ $1,683,000 Soft Costs $149,669 Parking Structure 3700 $ $370,000 Shoring / Grading $35,000 General Contractor (Construction x %) $223,767 Total Construction Cost $2,237,669 Soft Costs Calculations SF Cost/SF Plan Check and City Fees $1.50 $21,038 School District + Permit fees $5.25 $73,631 Architectural and Engineering ($ x unit) $5, $55, Total Soft Costs $149,669 Other Costs Project Length ( Months) 24 Construction Loan Total Payments $358,027 Subtotal Other Costs $358,027 Total Project Cost (TPC) $3,995, P a g e

13 FINANCIAL SUMMARY (continued) Stabilized Income Projected Annual Gross Income $2.45 $370,440 Vacancy (3%) $11,113 Effective Gross Income $359,327 Operating Expenses (25%) $92,610 Net Operating Income $266,717 Cap Rate on TPC 6.68% GRM on TPC Profit Calculation Future Project Value (Gross Rent x GRM) $5,927,040 Gross Profit $1,931,676 Total Return on Investment 48.35% 13 P a g e

14 FLOOR PLAN 14 P a g e

15 FLOOR PLAN 15 P a g e

16 ABOUT TITUS REALTY, INC. Titus Realty, Inc. is a commercial and residential real estate company serving Los Angeles Area since The firm has paved its way in the local market by building strong, successful relationships through local investors, business developers, and leading businesses. Titus Realty has brokered over $500 million in commercial and residential real estate transaction since Respected throughout the industry for our experience and knowledge of the niche residential, residential income and commercial markets, Titus Realty Inc. is dedicated to meeting and exceeding all of your real estate needs. Having brokerage, investment, management, development, consulting, and facility maintenance services within the same company allows our clients to experience a true full-service real estate company embracing all of our clients needs. Most of the company s multi-year experienced agents were raised in Los Angeles and have long, deeply rooted relationships in the community an asset our clients find as highly beneficial. Nick Ananyan Broker titusrealty@yahoo.com 16 P a g e