6608 San Fernando Rd - MP.xlsx
Titan Termite, Inc. 6608 San Fernando Road Glendale, CA 91201
ARIK A. URQUIDEZ
EDWIN VOSKANIAN
Broker Associate | License #01448894
Broker Owner | License #01293659
[email protected]
[email protected]
1201 N Pacific Avenue, Suite 213 | Glendale, CA 91202 Office 818.553.0309 Fax 818.221.0399
6608 San Fernando Road Glendale, CA 91201
Property Type Number of Tenants Building Size Lot Size Year Built
· · · ·
Investment Realty Group, Inc. Edwin Voskanian (818) 553-0309 direct (818) 221-0399fax [email protected] Arik A. Urquidez (818) 553-0309 office (818) 221-0399 fax
Retail Stores
LOCATION DESCRIPTION: The subject property is located on San Fernando Road, just two buildings away form the corner of Western Avenue, near the Glendale/Burbank boarder in the city of Glendale. San Fernando Road is a major j thourougfare gf in both Glendale and Burbank; catering to a large number of retail, office and industrial bussinesses. The property is located conveniently close to the Golden State (5) and the Ventura (134) freeways. As of the 2010 Census, Glendale's city population is 191,719, making it the third largest city in Los Angeles County and the 22nd largest city in the state of California. Glendale lies at the eastern end of the San Fernando Valley, bisected by the Verdugo Mountains, and is a suburb in the Greater Los Angeles Area. The Golden State, Ventura, Glendale, and Foothill freeways run through the city.
1 1,625 2,431 1953
AERIAL MAP
Edwin Voskanian & Arik A. Urquidez This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY PHOTOS
*This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY PHOTOS
*This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY PHOTOS
*This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 1: 3835 San Fernando Rd Glendale, CA 91204
No Photo Available
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
4/27/2011 $1,300,000 6,028 $215.66
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 2: 715 S Victory Blvd Burbank, CA 91502
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
10/14/2010 $475,000 2,000 2,622 $237.50
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 3: 5924 San Fernando Rd Glendale, CA 91202
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
7/6/2010 $800,000 3,007 4,678 $266.05
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 4: 1412 E Wilson Ave Glendale, CA 91206
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
7/6/2010 $800,000 1,728 8,141 $462.96
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 5: 1487-89 Chevy Chase Dr Glendale, CA 91206
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
6/10/2010 $1,200,000 2,506 6,534 $478.85
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 6: 809 E Broadway Glendale, CA 91205
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
5/13/2010 $1,350,000 2,692 6,534 $501.49
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Address
Closing Date
Sales Price
RBA
3835 San Fernando Rd
4/27/2011
$1,300,000.00
6,028
715 S Victory Blvd
10/14/2010
$475,000.00
2,000
1941
$237.50
5924 San Fernando Rd
7/6/2010
$800,000.00
3,007
1946
$266.05
1412 E Wilson Ave
7/6/2010
$800,000.00
1,728
1961
$462.96
1487-89 Chevy Chase Dr
6/10/2010
$1,200,000.00
2,506
1955
$478.85
809 E Broadway
5/13/2010
$1,350,000.00
2,692
1984
$501.49
Average Gross SF
Average Year Built
Average PPSF(Gross)
2,994
1957
$360.42
Year Built
PPSF
$215.66
Average CAP
Cap Rate
SALES COMP MAP
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPARABLES
# 1: 4225 San Fernando Rd Glendale, CA 91204
Lease Type: Space Available (SF): Rent per SF: Building Size (SF): Year Built:
Mod. Gross 1,460 $1.13 3,700
Notes: Needs work - property has significant deferred maintenace.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPARABLES
# 2: 1113 S. Central Ave Glendale, CA 91204
Lease Type: Space Available (SF): Rent per SF: Building Size (SF): Year Built:
Mod. Gross 1,750 $2 7,000
Notes:
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPARABLES
# 3: 1519 W Glenoaks Blvd Glendale, CA 91201
Lease Type: Space Available (SF): Rent per SF: Building Size (SF): Year Built:
NNN 1,285 $1.95 5,276 1960
Notes:
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPARABLES
# 4: 457 W Colorado Blvd Glendale, CA 91204
No Photo Available
Lease Type: Space Available (SF): Rent per SF: Building Size (SF): Year Built:
N/A 1,100 $2.00 4,100
Notes:
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPARABLES
# 5: 1902 W Glenoaks Blvd Glendale, CA 91201
Lease Type: Space Available (SF): Rent per SF: Building Size (SF): Year Built:
N/A 1,500 $2.10 2,904
Notes: 3-6 months free rent to qualified tenant.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPS Property Address
Building SF
Space Available
Rental Rate
Lease Type
4225 San Fernando Rd
3,700
1,460
$1.13
SF/Month Mod. Gross
1113 S. Central Ave
7,000
1,750
$1.50
SF/Month Mod. Gross
1519 W Glenoaks Blvd
5,276
1,285
$1.95
SF/Month
NNN
457 W Colorado Blvd
4,100
1,100
$2.00
SF/Month
N/A
1902 W Glenoaks Blvd
2,904
1,500
$2.10
SF/Month
N/A
Averages
4,596
1,419
$1.74
SF/Month
LEASE COMP MAP
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
FINANCIAL SUMMARY
6608 San Fernando Road Glendale, CA 91201 Summary Price: Down Payment: Current CAP Market CAP Year Built / Age: Approx. Lot Size: Approx. RSF: Cost per RSF: Annualized Operating Data
$485,000 10%
$48,500 6.28% 1957 2,431 1,625 SF Per Sellers Plans & Title $298.46 Cost per SF of Lot $199.51 Proposed SBA Financing MARKET RENTS
Occupied Space Rent Vacant Space Rent Gross Potential Rental Income
$
33,150
First Loan Amount: $1.70 sf/mo Terms: New 1st Years Amortized
$
$
$
33,150 33 150 2,652 30,498 11,150 11,090 11,090 30,438 28,376 2,062 8,920 10,982
8.00%
Annualized Scheduled Gross Income:
SBA - 7A Loan P i (3.25%)+ Prime (3 25%)+ 1% adjusted dj d annually ll Approximately 3% closing costs
36.56%
$0.57 sf/mo
4.25% 22.64%
Scheduled Income
Base Rental Income:
25
33,150
Gross P G Potential i l IIncome Less Vacancy/Collection Res. Effective Gross Income Operating Expenses Expense Reimbursement Vacant Space Not Reimburse Net Expense Reimbursement Net Operating Income Loan Payments Pre Tax Cash Flows Principal Reduction Total Return Before Taxes
Tenant Name #REF!
$436,500 4.25%
Operating Expenses Approx. Sq. Ft. 1,625
1,625
MARKET RENTS Mthly Rent Monthly Sq. Ft. Rent $1.70 $2,763
$1.70
Operating Expenses Real Estate Taxes 19.08% Bldg. Maint. 5.25% Insurance 2.43% Trash 2.75% Professional Fees 2.62% Water & Power 3.44% Other Expenses 0.98% Total Expenses: 36.56% Per Sq. Ft:
$
$
5,820 1,600 740 840 800 1,050 300 11,150 $6.86
$2,763 $33,150
Edwin Voskanian & Arik A. Urquidez
ARIK A. URQUIDEZ
EDWIN VOSKANIAN
Broker Associate | License #01448894
Broker Owner | License #01293659
[email protected]
[email protected]
1201 N Pacific Avenue, Suite 213 | Glendale, CA 91202 Office 818.553.0309 Fax 818.221.0399
6608 San Fernando Road Glendale, CA 91201
Property Type Number of Tenants Building Size Lot Size Year Built
· · · ·
Investment Realty Group, Inc. Edwin Voskanian (818) 553-0309 direct (818) 221-0399fax [email protected] Arik A. Urquidez (818) 553-0309 office (818) 221-0399 fax
Retail Stores
LOCATION DESCRIPTION: The subject property is located on San Fernando Road, just two buildings away form the corner of Western Avenue, near the Glendale/Burbank boarder in the city of Glendale. San Fernando Road is a major j thourougfare gf in both Glendale and Burbank; catering to a large number of retail, office and industrial bussinesses. The property is located conveniently close to the Golden State (5) and the Ventura (134) freeways. As of the 2010 Census, Glendale's city population is 191,719, making it the third largest city in Los Angeles County and the 22nd largest city in the state of California. Glendale lies at the eastern end of the San Fernando Valley, bisected by the Verdugo Mountains, and is a suburb in the Greater Los Angeles Area. The Golden State, Ventura, Glendale, and Foothill freeways run through the city.
1 1,625 2,431 1953
AERIAL MAP
Edwin Voskanian & Arik A. Urquidez This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY PHOTOS
*This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY PHOTOS
*This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY PHOTOS
*This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 1: 3835 San Fernando Rd Glendale, CA 91204
No Photo Available
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
4/27/2011 $1,300,000 6,028 $215.66
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 2: 715 S Victory Blvd Burbank, CA 91502
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
10/14/2010 $475,000 2,000 2,622 $237.50
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 3: 5924 San Fernando Rd Glendale, CA 91202
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
7/6/2010 $800,000 3,007 4,678 $266.05
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 4: 1412 E Wilson Ave Glendale, CA 91206
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
7/6/2010 $800,000 1,728 8,141 $462.96
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 5: 1487-89 Chevy Chase Dr Glendale, CA 91206
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
6/10/2010 $1,200,000 2,506 6,534 $478.85
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
SALES COMPARABLES
# 6: 809 E Broadway Glendale, CA 91205
Closing Date: Sale Price: RBA (SF): Lot Size (SF): Price/sf: Cap Rate:
5/13/2010 $1,350,000 2,692 6,534 $501.49
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Address
Closing Date
Sales Price
RBA
3835 San Fernando Rd
4/27/2011
$1,300,000.00
6,028
715 S Victory Blvd
10/14/2010
$475,000.00
2,000
1941
$237.50
5924 San Fernando Rd
7/6/2010
$800,000.00
3,007
1946
$266.05
1412 E Wilson Ave
7/6/2010
$800,000.00
1,728
1961
$462.96
1487-89 Chevy Chase Dr
6/10/2010
$1,200,000.00
2,506
1955
$478.85
809 E Broadway
5/13/2010
$1,350,000.00
2,692
1984
$501.49
Average Gross SF
Average Year Built
Average PPSF(Gross)
2,994
1957
$360.42
Year Built
PPSF
$215.66
Average CAP
Cap Rate
SALES COMP MAP
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPARABLES
# 1: 4225 San Fernando Rd Glendale, CA 91204
Lease Type: Space Available (SF): Rent per SF: Building Size (SF): Year Built:
Mod. Gross 1,460 $1.13 3,700
Notes: Needs work - property has significant deferred maintenace.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPARABLES
# 2: 1113 S. Central Ave Glendale, CA 91204
Lease Type: Space Available (SF): Rent per SF: Building Size (SF): Year Built:
Mod. Gross 1,750 $2 7,000
Notes:
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPARABLES
# 3: 1519 W Glenoaks Blvd Glendale, CA 91201
Lease Type: Space Available (SF): Rent per SF: Building Size (SF): Year Built:
NNN 1,285 $1.95 5,276 1960
Notes:
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPARABLES
# 4: 457 W Colorado Blvd Glendale, CA 91204
No Photo Available
Lease Type: Space Available (SF): Rent per SF: Building Size (SF): Year Built:
N/A 1,100 $2.00 4,100
Notes:
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPARABLES
# 5: 1902 W Glenoaks Blvd Glendale, CA 91201
Lease Type: Space Available (SF): Rent per SF: Building Size (SF): Year Built:
N/A 1,500 $2.10 2,904
Notes: 3-6 months free rent to qualified tenant.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
LEASE COMPS Property Address
Building SF
Space Available
Rental Rate
Lease Type
4225 San Fernando Rd
3,700
1,460
$1.13
SF/Month Mod. Gross
1113 S. Central Ave
7,000
1,750
$1.50
SF/Month Mod. Gross
1519 W Glenoaks Blvd
5,276
1,285
$1.95
SF/Month
NNN
457 W Colorado Blvd
4,100
1,100
$2.00
SF/Month
N/A
1902 W Glenoaks Blvd
2,904
1,500
$2.10
SF/Month
N/A
Averages
4,596
1,419
$1.74
SF/Month
LEASE COMP MAP
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
FINANCIAL SUMMARY
6608 San Fernando Road Glendale, CA 91201 Summary Price: Down Payment: Current CAP Market CAP Year Built / Age: Approx. Lot Size: Approx. RSF: Cost per RSF: Annualized Operating Data
$485,000 10%
$48,500 6.28% 1957 2,431 1,625 SF Per Sellers Plans & Title $298.46 Cost per SF of Lot $199.51 Proposed SBA Financing MARKET RENTS
Occupied Space Rent Vacant Space Rent Gross Potential Rental Income
$
33,150
First Loan Amount: $1.70 sf/mo Terms: New 1st Years Amortized
$
$
$
33,150 33 150 2,652 30,498 11,150 11,090 11,090 30,438 28,376 2,062 8,920 10,982
8.00%
Annualized Scheduled Gross Income:
SBA - 7A Loan P i (3.25%)+ Prime (3 25%)+ 1% adjusted dj d annually ll Approximately 3% closing costs
36.56%
$0.57 sf/mo
4.25% 22.64%
Scheduled Income
Base Rental Income:
25
33,150
Gross P G Potential i l IIncome Less Vacancy/Collection Res. Effective Gross Income Operating Expenses Expense Reimbursement Vacant Space Not Reimburse Net Expense Reimbursement Net Operating Income Loan Payments Pre Tax Cash Flows Principal Reduction Total Return Before Taxes
Tenant Name #REF!
$436,500 4.25%
Operating Expenses Approx. Sq. Ft. 1,625
1,625
MARKET RENTS Mthly Rent Monthly Sq. Ft. Rent $1.70 $2,763
$1.70
Operating Expenses Real Estate Taxes 19.08% Bldg. Maint. 5.25% Insurance 2.43% Trash 2.75% Professional Fees 2.62% Water & Power 3.44% Other Expenses 0.98% Total Expenses: 36.56% Per Sq. Ft:
$
$
5,820 1,600 740 840 800 1,050 300 11,150 $6.86
$2,763 $33,150
Edwin Voskanian & Arik A. Urquidez
