1
Unique opportunity to purchase or lease a rare asset in the heart of Huntington Park Excellent exposure and visibility Ideal for investor or owner/user LOCATION: 2621 ZOE AVENUE HUNTINGTON PARK, CA 90255 BUILDING SIZE: +/- 16,016 SF LOT SIZE: +/- 98,126 SF YEAR BUILT: 1990 PARKING: An abundance of city parking LEASE PRICE: $2.50/RSF MG +/- 4,008 SF Medical Office & Medicare Accredited Surgical Center SALES PRICE: $4,700,000.00 (+/- $293/ SF) 2
INVESTMENT SUMMARY & PROPERTY HIGHLIGHTS 2621 Zoe Avenue is a rare opportunity to acquire the only mid-sized 16,016 square foot +/- medical building in the heart of Huntington Park, California. Located on Zoe Avenue less the 1 block from Pacific Boulevard, the property has excellent visibility, exposure and signage potential. Currently occupied by well-established Ophthalmologist, Kids Dental Place, and the Mexican American Foundation. The building has been meticulously maintained and has been a pride of ownership. Pacific Blvd is a major retail destination for retailers targeting the Hispanic consumer; over 97% of the population within a 1-mile radius is of Hispanic origin The property will be very attractive to both a myriad of tenants in the area seeking entry into the highly demanded market with lack of supply. Currently approximately 100% leased, however approximately 4,000SF Medical suite can be delivered vacant, which is ideal for a Medical owner/user situation. The available medical unit is a newly built medical office and surgical center. An owner/user can take advantage of SBA financing and purchase the building with only 10% down and realize the benefits of ownership vs. leasing. A savvy investor can take advantage of the prime location, re-tenant the property, and stabilize the income with a long term lease. Huntington Park is considered one of the denser submarkets of Los Angeles with over 36,000 residents in a one-mile radius and over 92,000 household. Neighboring retailers in the immediate area include The Home Depot, CVS Pharmacy, In-N-Out Burger and LA Fitness. Nearby points of interest, include UEI College, Community Hospital of Huntington Park and City Hall. 3
FINANCIALS LIST PRICE: $4,700,000 ANNUAL INCOME SCHEDULED INCOME & RENT ROLL: Unit II Mexican American Foundation Jack Bayramyan Dental Corp. A Ebbie Soroudi, MD, MS, APMC Term Expiration 9/14/2018 6/30/2021 Month to Month II Units S.F. 8,008 4,000 2,600 CURRENT Rent/SF Base Rent $1.79 $14,298 $1.43 $5,710 $3.46 $9,000 Review Year: PROFORMA Rent/SF $1.85 $1.48 $3.58 2 I I Monthly Income $14,799 $5,909 $9,315 Southern California Surgery Center Month to Month 1,408 $4.26 $6,000 $4.41 $6,210 Total Square Feet: 16,016 $35,008 $36,233 Total Scheduled Rent: $35,008 $36,233 Monthly Gross Income: Annual Gross Income: $35,008 $420,095 $36,233 $434,798.12 4
FLOOR PLAN (UNIT A) +/- 4,008 SF MEDICAL OFFICE & SURGICAL CENTER POST OP OPERATING ROOM
FLOOR PLAN (UNIT B) +/- 4,000 SF KIDS DENTAL PLACE
PROPERTY PHOTOS Medical office and surgery center. Can be delivered vacant.
PROPERTY PHOTOS Kids Dental Place
PROPERTY PHOTOS 2nd floor office leased to Mexican American Foundation.
PRIME OFFICE/MEDICAL BUILDING FOR SALE AMENITIES MAP GAGE A VE ZOE AV E FLO REN SATUR N AVE CE A VE FLO REN CE MILES AVE PA C IFI C SA BL VD NT A FE AV E Ò AVE
LOCATION MAP Ò