FOR SALE OFFERED AT $3,780,000 INDUSTRIAL 940 S. VAIL AVE. MONTEBELLO, CA SINCE 1908 O F F E R I N G M E M O R A N D U M
OFFERING MEMORANDUM THIS IS AN OFFERING MEMORANDUM intended for buyers interested in the property located at 940 S. Vail Ave. Montebello, CA as more particularly described here-in ( Property ). This memorandum contains information pertaining to the Property s seller and has been prepared by Braun International, ( Braun ). Although the seller has reviewed this memorandum, it does not purport to be all-inclusive or contain all of the information that a potential investor may desire. Neither the seller, nor any of its members, officers, directors, employees or agents, nor Braun, make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. The seller and Braun disclaim any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited. The information contained herein represents estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to environmental condition of the property, or as to any other aspect of the property. PAGE 2 SINCE 1908
1 Property Information 2 3 Market Overview Sale Information SINCE 1908 TODD WOHL BRE# 01912556 310.798.3123 BraunCo.com Los Angeles San Francisco Monterey San Diego and Offices Nationally
1Property Information OFFERED AT $3,780,000 The property is located in South Montebello with easy access to the 5 freeway. A large industrial space ideal for manufacturing, distribution, or warehouse. The building has segregated office space and street level loading doors. The construction of the building is single story concrete Address County 938 S VAIL AVE MONTEBELLO CA 90640 Los Angeles APNs 6353-014-005 Property Use Industrial Year Built 1967 Floors 1 Units 1 Sq Ft 26,845 SF Current Tenant: Hose-Man RENTAL INFORMATION Current Rent $15,664 per month Tenant pays taxes and insurance. 3 year option to extend lease. Lease ends October 31, 2018 Property Information block. The building has ample electrical service for Lot Size 1.01 AC light manufacturing. Zoning MNM1 PAGE 4
PROPERTY LOCATION 940 S. Vail Montebello, CA Property Information PAGE 5
PLOT MAP Property Information PAGE 6
2Market Overview MONTEBELLO, CALIFORNIA Located just a 20 minute drive from the port of Los Angeles and near major airports, Montebello serves as an ideal hub for commerce on the west coast. For the many industries where daily distribution of goods is essential, it is an ideal location for business to thrive because it is surrounded by major freeways. It is an important location for the trucking and specialty vehicle industry and contributes to a wide variety of automotive manufacturing. Market Overview The city has a ready workforce. It has a population of approximately 63,353 and median household income of $47,562. PAGE 7
3Sale Information OFFERS ARE BEING CONSIDERED ON A FIRST-COME-FIRST-OFFER BASIS. Email: Todd@Braunco.com Phone: 310.798.3123 BUYER BROKER PARTICIPATION A two percent (2.0%) commission will be paid to any licensed broker who represents the successful buyer for the real estate. PROPERTY INFORMATION The property information is a compilation of documents related to the property and is available on our website for review and download. PROBATE COURT SALE This property will be sold subject to Probate Court Confirmation and Overbidding. Please review the court overbidding and sale terms available on the BraunCo.com website. Property Sale Information PROPERTY PREVIEW Showing by appointment or you may stop by at your convenience. To schedule an appointment, contact todd@braunco.com FINANCIAL INFORMATION Property lease available at BraunCo.com PAGE 8
DISCLAIMER DISCLAIMER: BRAUN is the broker. BRAUN makes no representations or warranties on approved uses of the property. This brochure is provided for the sole purpose of allowing a potential buyer to evaluate the subject property. The potential buyer is urged to perform its own examination and inspection of the property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information contained herein or otherwise provided. Neither BRAUN, its members, managers officers, employees or agents, nor any of its partners, directors, officers, employees and agents, nor seller and broker, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this brochure contains information relating to any hazardous materials in relation to the property, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by BRAUN, broker, sales agents or seller, as to the existence or non-existence or nature of hazardous materials in, under, on or around the property. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property. BRAUN will not be responsible if the property is unsatisfactory to the buyer in any way. PAGE 9 SINCE 1908