PRIME REDEVELOPMENT OPPORTUNITY 5805 & 5811 5805 Florence Avenue 5811 Florence Avenue JAY CHU 213.389.5888 x 301 jchu@securedproperties.com CAL BRE# 01244075 MARC SCHWARTZ 213.389.5888 x 315 marc@securedproperties.com CAL BRE# 01515007 F L O R E N C E A V E BELL GARDENS CA 90201 O F F E R I N G M E M O R A N D U M
5805 Florence Avenue
5811 Florence Avenue
JAY CHU 213.389.5888 x 301 jchu@securedproperties.com CAL BRE# 01244075 MARC SCHWARTZ 213.389.5888 x 315 marc@securedproperties.com CAL BRE# 01515007 All materials and information received or derived from SECURED PROPERTIES its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither SECURED PROPERTIES its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. SECURED PROPERTIES will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. SECURED PROPERTIES makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. SECURED PROPERTIES does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by SECURED PROPERTIES in compliance with all applicable fair housing and equal opportunity laws.
EXECUTIVE SUMMARY ADDRESS 5805 Florence Avenue 5811 Florence Avenue CITY STATE ZIP Bell Gardens, CA 90201 Bell Gardens, CA 90201 PARCEL NO 6328-016-052 6328-016-062 PROPERTY TYPE Retail Office Building YEAR BUILT 1961 1983 BUILDING SIZE Vacant Liquor Store (SF Not available) 4,458 (To Be Delivered Vacant) LOT SIZE 7,019 SF 23,569 ZONING BGC4 BGC4 PRICE $1,000,000 $2,800,000 PRICE/ LOT SF $142.47 $118.80 OFFERING MEMORANDUM 5805 & 5811 FLORENCE AVE, BELL GARDENS CA 90201 SECURED PROPERTIES 5
PARCEL MAP 5805 Florence Avenue 5811 Florence Avenue OFFERING MEMORANDUM 5805 & 5811 FLORENCE AVE, BELL GARDENS CA 90201 SECURED PROPERTIES 6
EASTERN AVENUE INVESTMENT HIGHLIGHTS HARD CORNER SIGNALIZED PROPERTY A BLOCK FROM 710 FREEWAY ON RAMP. LOCATED ON MAJOR TRAFFIC ARTERY AROUND 95,000 CAR PER DAY FLORENCE AVENUE: 95,000 Vehicles Per Day ACROSS THE STREET FROM MAJOR NATIONAL RETAILERS AND BANKS 1 BLOCK FROM BICYCLE CLUB HOTEL AND CASINO WILL BE DELIVERED VACANT CITY HAS ENCOURAGED REDEVELOPMENT FOR THIS SITE OFFERING MEMORANDUM 5805 & 5811 FLORENCE AVE, BELL GARDENS CA 90201 SECURED PROPERTIES 7
ASSET DESCRIPTION PARCEL 1: 5805 Florence Avenue Features a small vacant free standing building constructed in 1961. Previously a liquor store, this asset is situated on a large 7,019 SF lot and features tremendous visibility on a signalized corner. 2 PARCEL REDELOPMENT OPPORTUNITY Both parcels represent a rare redevelopment opportunity on the North East signalized intersection of Florence Ave and Ajax Ave. Combined lot sq.ft. is 30,588 zoned BGC4. Subject location is on Florence Ave which is heavily trafficked and close to the 710 FWY on-ramp with many retail properties and the Bicycle Hotel and Casino nearby. PARCEL 2: 5811 Florence Avenue Built in 1983, this 4,458 square foot building is situated on a large 23,569 square foot lot. The asset, which is to be delivered vacant, is within steps of more than 20 National Credit tenants, along a main traffic artery. OFFERING MEMORANDUM 5805 & 5811 FLORENCE AVE, BELL GARDENS CA 90201 SECURED PROPERTIES 8
FLORENCE AVENUE OFFERING MEMORANDUM 5805 & 5811 FLORENCE AVE, BELL GARDENS CA 90201 SECURED PROPERTIES 9
OFFERING MEMORANDUM 5805 & 5811 FLORENCE AVE, BELL GARDENS CA 90201 SECURED PROPERTIES 10
LOCATION MAP S OFFERING MEMORANDUM 5805 & 5811 FLORENCE AVE, BELL GARDENS CA 90201 SECURED PROPERTIES 11
REGIONAL MAP S OFFERING MEMORANDUM 5805 & 5811 FLORENCE AVE, BELL GARDENS CA 90201 SECURED PROPERTIES 12
CITY OF BELL GARDENS World War I and World War II brought defense plants to the area that helped build the economic stability and the population, which led to construction of new homes, more schools, and a prosperous business climate. Bell Gardens is a relatively young city. Since its incorporation on August 1, 1961, Bell Gardens has grown from a population of approximately 4,000 to nearly 45,000. The median age is 23.8. There are six elementary schools, two intermediate schools, one high school and two adult schools. It is 93.4 percent Hispanic, 4.7% White, 0.6 % Asian, 1.7% American Indian and Alaska Native and 1.1 % African American. Today, only a 2.4 square mile city, Bell Gardens maintains only a small portion of the original Lugo land grant, which is located at the site of the Casa Mobile home Park at 7000 Gage Ave. In 1991 the park s tenants, who own the land as well as Lugo s original dwelling, were successful in their efforts to have Casa de San Antonio named State Historical Monument No. 984. Their effort ensures that Don Antonio Maria Lugo s name and his historic home will be preserved for future generations of Bell Gardens residents and Californians. OFFERING MEMORANDUM 5805 & 5811 FLORENCE AVE, BELL GARDENS CA 90201 SECURED PROPERTIES 13
BELL GARDENS DEMOGRAPHICS DEMOGRAPHICS 42,805 MEDIAN AGE 27.8 MEDIAN HH INCOME $37,183 NO. OF EMPLOYEES 17,190 PROPERTY VALUE $318,700 S Rich in California history: With three major landmarked homes within the 2.4 square miles of greater Bell Gardens, the city has an outsized physical connection to the early European settlement of the region. Parks and rec: With the Rio Hondo and L.A. River bike paths that bracket the city, a municipal golf course, and bucolic John Anson Ford Park, Bell Gardens offers plenty of recreational opportunities. OFFERING MEMORANDUM 5805 & 5811 FLORENCE AVE, BELL GARDENS CA 90201 SECURED PROPERTIES 14
REDEVELOPMENT OPPORTUNITY 5805 & 5811 F L O R E N C E A V E BELL GARDENS CA 90201 JAY CHU 213.389.5888 x 301 jchu@securedproperties.com CAL BRE# 01244075 MARC SCHWARTZ 213.389.5888 x 315 marc@securedproperties.com CAL BRE# 01515007 OFFERING MEMORANDUM