FOR SALE Exclusive Listing Broker: Frank Evanisko Mike Evanisko 12711 Ventura Blvd. Suite 305 Studio City, CA 91604 818.508.3480 www.evaniskorealty.com
Disclosure This brochure has been prepared to provide summary, unverified information to prospective buyers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Evanisko Realty & Investment, Inc. has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property and improvements, the presence or absence of contaminating substances, PCB s or asbestos, the compliance with State and Federal regulations, or the physical condition of the improvements thereon. The information contained in this brochure have been obtained from sources we believe to be reliable; however, Evanisko Realty & Investment, Inc. has not verified, and will not verify, any of the information contained herein, nor has Evanisko Realty & Investment, Inc. conducted any investigation regarding theses matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Please contact Frank Evanisko for additional information/guidance pertaining to this opportunity.
Property Highlights will present a developer and/or investor with the opportunity to acquire, reposition, and/or redevelop a strategically located infill assemblage of commercial zoned parcels and buildings along a major commercial thoroughfare. The Property is located approximately one mile south of the Baldwin Hills Crenshaw Shopping Plaza. The 860,000 sq. ft. mall is the oldest regional shopping center in the United States and underwent a significant facelift after its sale to Chicago-Based Capri Capital Partners in 2006. The Subject Property consists of an existing 32,091 sq. ft. automotive showroom/service facility and a 2774 sq. ft. office building on 63,031 sq. ft. of land. Also included is a 24,044 sq. ft. parking lot. Both City Council and the CRA have expressed an interest in either a retail development or a marketrate mixed- use development on the site in addition to a multitude of potential uses for the existing structures. 5147 5341 Crenshaw Blvd., APN: 5006-006-004, 022, 5013-018-005, 006 Total Land Area: 87,075 sq. ft. (2.0 Acres) Zoning: [Q]C2-1 CRA: Crenshaw/Slauson Redevelopment Project and Crenshaw Redevelopment Project Specific Plan Area: Crenshaw Corridor Los Angeles State Enterprise Zone 35% Bonus Density: Eligible Council District: 8 Bernard Parks Property abuts service lane parallel to Crenshaw Blvd. Existing Improvements: 32,091 sq. ft. car dealership facility, 2,774 sq. ft. office building, and parking lot. Total existing building area: 34,865 sq. ft. Property will be delivered vacant. Entitlements: None. Seller will provide Phase I environmental report. Price: $7,500,000 ($86/Ft. Land) ($215.14/Ft. Building) Please do not disturb occupants of property. Drive by only.
Aerial View Crenshaw Blvd. 52 nd St. N
Zoning Overlay
Zoning Overlay
Major Retailers Retailer: Location: 3737 Crenshaw Blvd. 3722 Crenshaw Blvd. 3741 Crenshaw Blvd. 4143 Crenshaw Blvd. 3730 Crenshaw Blvd. 3939 Crenshaw Blvd. 3670 Crenshaw Blvd. 3220 W. Slauson Ave. 3728 Crenshaw Blvd. 4297 Crenshaw Blvd. 4145 Crenshaw Blvd., 4101 Crenshaw Blvd. 4005 Crenshaw Blvd.
Platt Showroom/Office Building APN: 5006-006-022, 004 Land Area: 63,031 sq. ft. 395 Frontage 160 Depth
Platt Parking Lot APN: 5013-018-005, 006 Land Area: 24,044 150 Frontage 160 Depth
Parcel Breakdown APN: Address: Land Area: Existing Improvement: Zoning: 5006-006-004 5341 Crenshaw Blvd. 3,049 Sq. Ft. 2,774 Sq. Ft. Office Building [Q]C2-1 32,091 Sq. Ft. 5006-006-022 5311 Crenshaw Blvd. 59,982 Sq. Ft. Dealership/ Showroom [Q]C2-1 Facility 5013-018-006 5157 Crenshaw Blvd. 12,022 Sq. Ft. Parking Lot [Q]C2-1 5013-018-005 5147 Crenshaw Blvd. 12,022 Sq. Ft. Parking Lot [Q]C2-1
Applicable CRA Project Areas APN: 5006-006-022, 004 APN: 5013-018-005, 006 APN s: 5013-018-005, 006 are located within the new boundaries of the Crenshaw Redevelopment Project area. APN s: 5006-006-022, 004 are located within the boundaries of the Crenshaw/Slauson Redevelopment project Area.
Property Views Facing South West @ 52 nd St. Facing North West @ 52 nd St. Facing West Showroom Facility Facing West Parking Lot
Location
Transaction Details Location: 5147-5341 Crenshaw Blvd. [T.G. 673, F5] Zoning: [Q]C2-1 Existing Improvements: Delivered vacant upon C.O.E.. Current owner may consider lease-back after C.O.E. Property Access: Seller will allow buyer access to property for inspections, survey, etc. With a 48 hr. prior notice to Seller. Entitlements: None. Seller will provide a Phase 1 environmental report. Price: $7,500,000 ($86/Ft. Land) ($215.14/Ft. Building) Deal Structure: Seller will allow buyer up to 60 days to conduct their due diligence after which point the deposit will become nonrefundable to Buyer. Escrow closing date TBD. Deposit Amount: 3% of purchase price shall become non-refundable, released to Seller, credited against purchase price upon the expiration of Buyer s due diligence period. Commission: Cooperating broker to receive 2% of final purchase price at C.O.E. paid by Seller. Please contact Frank Evanisko for additional information/guidance pertaining to this opportunity. (818) 508-3480 frank@evaniskorealty.com www.evaniskorealty.com