4530 E. PACIFIC WAY
Edwin Voskanian | 818.303.9903 [email protected] | Lic. 01526505
4530 E. PACIFIC WAY 4530 E. Pacific Way Commerce, CA 90040
4530 E. Pacific Way INVESTMENT SUMMARY Investment Overview Regional Map AREA OVERVIEW Local Map City Overview County Overview Aerial Map PROPERTY DESCRIPTION Property Details 3D Map FINANCIALS Offering Summary COMPARABLES Sales Comparable Map Sales Comparables
EXCLUSIVELY MARKETED BY : Voskanian Investment Group
Edwin Voskanian 818.303.9903 [email protected] Lic. 01526505, 01293659, 01434190
4530 E. Pacific Way Investment Summary Price Occupancy Building Size Price per Square Foot Land Area
$1,550,000 0.00% 13,826 SF $112.11 19,812 Sq. Feet
three separate parcels of land (APNs 524-300-3035, 3036 and 3037) consisting of a total of 13,826 square feet of building situated on 19,812 square feet of land. The three buildings are steel sided with an average minimum ceiling height of 24 feet, with approximately 420 A of electrical power, one dock-high level loading building, and two grade-level buildings. There is an office build out of approximately 1,000 square feet, with three separate offices, a lobby area and restrooms. Additionally, there's a parcel of land situated adjacent to this property, previously railroad tracks and owned by a railroad company which was paid and leased the owner of the subject property in 1992. Buyer may be able to have the lease assigned to him or generate a new lease with the management company now in charge of that parcel of land. Please inquire with broker for additional information.
Property Highlights ● ● ●
Conveniently located off I-710 Delivered 100% vacant at close of escrow Buyer will have the right to use the open yard behind the property (but is not part of the offering)
Property Description Voskanian Investment Group Inc., a KW commercial company, is proud to announce the exclusive representation of 4530 Pacific Way in the city of Commerce, California. The property consists of three separate buildings on Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
3
4530 E. Pacific Way Regional Map
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
4
4530 E. Pacific Way Executive Summary
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
5
4530 E. Pacific Way Executive Summary
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
6
4530 E. Pacific Way Traffic Count Map
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
7
4530 E. Pacific Way Business Summary
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
8
4530 E. Pacific Way Business Summary
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
9
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
10
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
11
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
12
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
13
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
14
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
15
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
16
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
17
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
18
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
19
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
20
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
21
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
22
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
23
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
24
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
25
4530 E. Pacific Way Local Map
Area Overview 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
26
4530 E. Pacific Way Area Overview
City Overview - Commerce Commerce is a city located in southeast Los Angeles County, California. The population was 12,823 at the 2010 census, up from 12,568 at the 2000 census. It is bordered by Vernon on the west, Los Angeles on the northwest, East Los Angeles on the north, Montebello on the east, Downey and Bell Gardens on the south, and Maywood on the southwest. The Los Angeles River forms part of its southwestern boundary, and the Rio Hondo separates it from Downey. Commerce is served by the Long Beach and Santa Ana freeways, as well as the Metrolink commuter rail service at the Commerce station. It is usually referred to as the "City of Commerce" to distinguish it from the common noun.
Commerce has become the water polo capital of the world. It boasts a large aquatic center, Commerce Aquatics that has trained a number of successful water polo players.
Commerce residents have many civic services funded from taxes on the local card club, the Commerce Casino, which accounts for 46% ($19.5 Million for budget year 2005/06) of Commerce's tax revenues, and the Citadel. This includes four libraries, a senior center, a teen center, an aquatics center, city-owned camp located in the San Bernardino National Forest. Commerce is also one of the few cities in California that provides its residents with free bus service. Commerce operates five bus lines within the city, two routes running Sundays only, and one express bus between The Citadel shopping center and Downtown Los Angeles running seven days a week. Commerce began its conversion to an industrial area in 1887, when the Atchison, Topeka and Santa Fe Railway built its main line through the area. By the 1920s, factories had arrived. In the late 1940s, industrial leaders banded together with residents in the communities of Bandini, Rosewood, and Laguna to encourage commerce. They changed the name to match that goal. The city was incorporated in 1960 to prevent neighboring cities such as Vernon and Los Angeles from annexing industrial land for tax revenue and elected its first city mayor. In the 1970s and 1980s, Commerce successfully negotiated the turbulent period of deindustrialization that hammered nearby cities such as South Gate and Norwalk, maintaining much of its manufacturing and goods-distribution base and successfully converting former industrial land to lucrative commercial uses. The most notable example of this phenomenon is the Citadel outlet mall, which occupies the site of a former tire factory. The owner of the Citadel, Steve Craig, hosts an annual Clean Up Commerce Day and enlists other businesses to work with the city and volunteers in beautifying a specific area of the city. With a major rail yard within its borders, Commerce has also benefited greatly from the huge expansion in international trade traffic through the ports of Los Angeles and Long Beach, albeit at the expense of severe air pollution caused by truck congestion on the Long Beach Freeway.
County Overview The most heavily populated county in the country is Los Angeles County with approximately 9.9 million people, including about 1 million that live in unincorporated areas of the county. The metropolis - formed by the six neighboring counties of Los Angeles, Ventura, Kern, San Bernardino, Riverside, and Orange - is home to approximately 19 million residents. Los Angeles County is home to one of the most educated labor pools in the country and offers a labor force of more than 4.7 million, of which more than 1.5 million are college graduates. Los Angeles County has the largest population of any county in the nation, exceeded only by eight states. According to the United States Conference of Mayors, Los Angeles County boasts a GDP among the twenty largest in the world. Los Angeles County’s continued economic growth, in contrast to other areas of the state and nation, is due to its diversified economy and abundant, well-trained workforce. Los Angeles County is well located on the Southern Coast of the California, and covers 4,061 square miles, including the San Clemente and Santa Catalina islands. The County is comprised of approximately 88 vibrant and Area Overview
4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
27
4530 E. Pacific Way diverse cities hosting more than 244,000 business establishments— the greatest concentration in the state. Los Angeles County has a Gross Domestic Product (GDP) of approximately $446 billion - placing it among the top 20 economies in the world. The combined GDP of Los Angeles and its five surrounding neighboring counties places it in the top 10. California is generally considered to be in the top five. If Los Angeles County were its own nation, its economy would be the 18th largest in the world. It is home to more than 244,000 businesses, with more minority and women owned businesses than any other in the nation and is the nation’s top international trade center and manufacturing center. Los Angeles is recognized worldwide as a leader in entertainment, health sciences, business services, aerospace and international trade. Because the Los Angeles area is so large and diverse, it has something to offer to everyone. While Hollywood and the Los Angeles beach culture are part of our collective image of Los Angeles, the city also has more museums than any other city and some of the best hotels in the world are located in Los Angeles. Over the years, Los Angeles County has developed a diverse economic base, supported by a number of Fortune 500 companies with headquarters in the area, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTV Group, Northrop Grumman, Computer Sciences, KB Home, Health Net, Mattel, and Avery Dennison. Key factors positively impacting the region’s economic position include increased local media production by the entertainment industry and a continuing expansion of import flows. Moreover, growth in aerospace, homeland security and in the private business sector have contributed positively to the County's economy. Los Angeles' well educated labor pool, many universities, wonderful climate, and world class infrastructure will enable Greater Los Angeles to continue to be a world leader in economic and cultural significance.
County Highlights ● ●
●
●
Los Angeles County is the world’s 18th largest economy. Los Angeles part of the "Tech Coast" and is regarded as the of the main entrepreneurial regions of the world. It has approximately 200,000 small businesses, which is twice as many small businesses as can be found in any other region of the United States. If Los Angeles' five county area were a state, it would be the fourth largest in the United States. Los Angeles has more than 80 stage theaters and 300 museums, more than any other U.S city.
Area Overview 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
28
4530 E. Pacific Way Site
Area Overview 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
29
4530 E. Pacific Way Aerial Map
Area Overview 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
30
4530 E. Pacific Way Property Details Address
Square Footage Land Area Year Built Assessors Parcel Number
4530 E. Pacific Way Commerce, California 90040 13,826 SF * 19,812 SF * 1940 524-300-3035,3036,3037
Site Construction Ceiling Height inimum of 24 feet throughout three buildings * Roof Installed in 2015 Electricity Three-phase power, 120 Amps, previously at over 600 Amps * Water Connected to the city Sanitary Sewer Septic tank (not hooked up to sewer system) Office Buildout Approximately 1,000 square feet of office *
* Buyer to verify upon completing its own due diligence
Property Description 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
31
4530 E. Pacific Way Financial Offering Summary Price Building Size Land Area Year Built Occupancy Price per Square Foot
$1,550,000 13,826 SF 19,812 Sq. Feet 1940 0.00% $112.11
Financials 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
32
4530 E. Pacific Way Sales Comparable Map
Comparables 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
33
4530 E. Pacific Way Sales Comparables Photos
Address
Sale Price Sale Date
CAP NOI
Total SF $/SF
Year Built
Days on Market
Land Area Number of Spaces
4530 E. Pacific Way Commerce, California 90040
$1,550,000 N/A
-
13,826 SF $112
1940
N/A
19,812 SF -
4941-4943 Telegraph Rd Los Angeles, California 90022
$845,000 03/14/2017
-
5,800 SF $146
1948
41
2,910 1
5708 Alcoa Ave Vernon, California 90058
$2,400,000 03/20/2017
-
16,158 SF $149
1941
292
20,038 1
1550 Estudillo Ave Los Angeles, California 90023
$1,630,000 08/17/2016
-
9,750 SF $167
1947
105
13,970 1
3300 Leonis Blvd Los Angeles, California 90058
$1,690,000 09/21/2016
-
9,600 SF $176
1947
126
17,860 1
-
Comparables 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
34
4530 E. Pacific Way Photos
Address
Sale Price Sale Date
CAP NOI
Total SF $/SF
Year Built
Days on Market
Land Area Number of Spaces
4520 E Washington Blvd Commerce, California 90040
$1,250,000 10/28/2016
-
6,395 SF $195
1950
170
13,181 1
$1,563,000
-
9,541 SF $167
-
-
13,592 SF 1
Averages
Comparables 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
35
CONFIDENTIALITY AND DISCLAIMER The information contained in this Offering Memorandum (“Memorandum”) is proprietary and strictly confidential; it is intended to be reviewed only by the party receiving it from Broker and should not be made available to anyone else without the written consent of Broker. By retention or use of this Memorandum, you agree that its contents are confidential, that you will hold it in the strictest confidence, and that you will not disclose any of its contents contrary to these terms. This Memorandum has been prepared to provide summary, unverified information to establish a preliminary level of interest in the subject property (“Property”). The information in this Memorandum has been obtained from sources Broker believes to be reliable; however, Broker has not conducted sufficient investigation to make any warranty or representation whatsoever including but not limited to the accuracy or completeness of the information, veracity or accuracy of the information, condition of the Property or its compliance or lack of compliance with applicable governmental requirements, developability, suitability or financial performance of the Property, income or expenses for the Property, the size and square footage of the Property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State or Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant or any tenant’s plans or intentions to continue occupancy of the Property. The Memorandum has selected information relating to the Property and does not purport to be an all - inclusive representation regarding the Property or to contain all or part of the information which prospective investors may require to evaluate the purchase of the Property. Additional information and an opportunity to investigate the Property will be made available to interested and qualified prospective purchasers. All information is based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of Broker, therefore, all information is subject to material variation. The information contained herein is not a substitute for a thorough due diligence investigation. Interested parties are expected to review all information of whatever nature independently and not rely on the contents of this Memorandum in any manner. The Property owner (“Owner”) expressly reserves the right, at its sole discretion, to reject any or all offers to purchase the Property, and/or to terminate discussions at any time with or without notice. The Owner shall have no legal commitment or obligation unless and until written agreement(s) have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
Exclusively Marketed By: Voskanian Investment Group
Edwin Voskanian 818.303.9903 [email protected] Lic. 01526505, 01293659, 01434190
4530 E. PACIFIC WAY 4530 E. Pacific Way Commerce, CA 90040
4530 E. Pacific Way INVESTMENT SUMMARY Investment Overview Regional Map AREA OVERVIEW Local Map City Overview County Overview Aerial Map PROPERTY DESCRIPTION Property Details 3D Map FINANCIALS Offering Summary COMPARABLES Sales Comparable Map Sales Comparables
EXCLUSIVELY MARKETED BY : Voskanian Investment Group
Edwin Voskanian 818.303.9903 [email protected] Lic. 01526505, 01293659, 01434190
4530 E. Pacific Way Investment Summary Price Occupancy Building Size Price per Square Foot Land Area
$1,550,000 0.00% 13,826 SF $112.11 19,812 Sq. Feet
three separate parcels of land (APNs 524-300-3035, 3036 and 3037) consisting of a total of 13,826 square feet of building situated on 19,812 square feet of land. The three buildings are steel sided with an average minimum ceiling height of 24 feet, with approximately 420 A of electrical power, one dock-high level loading building, and two grade-level buildings. There is an office build out of approximately 1,000 square feet, with three separate offices, a lobby area and restrooms. Additionally, there's a parcel of land situated adjacent to this property, previously railroad tracks and owned by a railroad company which was paid and leased the owner of the subject property in 1992. Buyer may be able to have the lease assigned to him or generate a new lease with the management company now in charge of that parcel of land. Please inquire with broker for additional information.
Property Highlights ● ● ●
Conveniently located off I-710 Delivered 100% vacant at close of escrow Buyer will have the right to use the open yard behind the property (but is not part of the offering)
Property Description Voskanian Investment Group Inc., a KW commercial company, is proud to announce the exclusive representation of 4530 Pacific Way in the city of Commerce, California. The property consists of three separate buildings on Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
3
4530 E. Pacific Way Regional Map
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
4
4530 E. Pacific Way Executive Summary
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
5
4530 E. Pacific Way Executive Summary
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
6
4530 E. Pacific Way Traffic Count Map
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
7
4530 E. Pacific Way Business Summary
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
8
4530 E. Pacific Way Business Summary
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
9
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
10
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
11
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
12
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
13
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
14
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
15
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
16
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
17
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
18
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
19
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
20
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
21
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
22
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
23
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
24
4530 E. Pacific Way Business Locator
Investment Summary 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
25
4530 E. Pacific Way Local Map
Area Overview 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
26
4530 E. Pacific Way Area Overview
City Overview - Commerce Commerce is a city located in southeast Los Angeles County, California. The population was 12,823 at the 2010 census, up from 12,568 at the 2000 census. It is bordered by Vernon on the west, Los Angeles on the northwest, East Los Angeles on the north, Montebello on the east, Downey and Bell Gardens on the south, and Maywood on the southwest. The Los Angeles River forms part of its southwestern boundary, and the Rio Hondo separates it from Downey. Commerce is served by the Long Beach and Santa Ana freeways, as well as the Metrolink commuter rail service at the Commerce station. It is usually referred to as the "City of Commerce" to distinguish it from the common noun.
Commerce has become the water polo capital of the world. It boasts a large aquatic center, Commerce Aquatics that has trained a number of successful water polo players.
Commerce residents have many civic services funded from taxes on the local card club, the Commerce Casino, which accounts for 46% ($19.5 Million for budget year 2005/06) of Commerce's tax revenues, and the Citadel. This includes four libraries, a senior center, a teen center, an aquatics center, city-owned camp located in the San Bernardino National Forest. Commerce is also one of the few cities in California that provides its residents with free bus service. Commerce operates five bus lines within the city, two routes running Sundays only, and one express bus between The Citadel shopping center and Downtown Los Angeles running seven days a week. Commerce began its conversion to an industrial area in 1887, when the Atchison, Topeka and Santa Fe Railway built its main line through the area. By the 1920s, factories had arrived. In the late 1940s, industrial leaders banded together with residents in the communities of Bandini, Rosewood, and Laguna to encourage commerce. They changed the name to match that goal. The city was incorporated in 1960 to prevent neighboring cities such as Vernon and Los Angeles from annexing industrial land for tax revenue and elected its first city mayor. In the 1970s and 1980s, Commerce successfully negotiated the turbulent period of deindustrialization that hammered nearby cities such as South Gate and Norwalk, maintaining much of its manufacturing and goods-distribution base and successfully converting former industrial land to lucrative commercial uses. The most notable example of this phenomenon is the Citadel outlet mall, which occupies the site of a former tire factory. The owner of the Citadel, Steve Craig, hosts an annual Clean Up Commerce Day and enlists other businesses to work with the city and volunteers in beautifying a specific area of the city. With a major rail yard within its borders, Commerce has also benefited greatly from the huge expansion in international trade traffic through the ports of Los Angeles and Long Beach, albeit at the expense of severe air pollution caused by truck congestion on the Long Beach Freeway.
County Overview The most heavily populated county in the country is Los Angeles County with approximately 9.9 million people, including about 1 million that live in unincorporated areas of the county. The metropolis - formed by the six neighboring counties of Los Angeles, Ventura, Kern, San Bernardino, Riverside, and Orange - is home to approximately 19 million residents. Los Angeles County is home to one of the most educated labor pools in the country and offers a labor force of more than 4.7 million, of which more than 1.5 million are college graduates. Los Angeles County has the largest population of any county in the nation, exceeded only by eight states. According to the United States Conference of Mayors, Los Angeles County boasts a GDP among the twenty largest in the world. Los Angeles County’s continued economic growth, in contrast to other areas of the state and nation, is due to its diversified economy and abundant, well-trained workforce. Los Angeles County is well located on the Southern Coast of the California, and covers 4,061 square miles, including the San Clemente and Santa Catalina islands. The County is comprised of approximately 88 vibrant and Area Overview
4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
27
4530 E. Pacific Way diverse cities hosting more than 244,000 business establishments— the greatest concentration in the state. Los Angeles County has a Gross Domestic Product (GDP) of approximately $446 billion - placing it among the top 20 economies in the world. The combined GDP of Los Angeles and its five surrounding neighboring counties places it in the top 10. California is generally considered to be in the top five. If Los Angeles County were its own nation, its economy would be the 18th largest in the world. It is home to more than 244,000 businesses, with more minority and women owned businesses than any other in the nation and is the nation’s top international trade center and manufacturing center. Los Angeles is recognized worldwide as a leader in entertainment, health sciences, business services, aerospace and international trade. Because the Los Angeles area is so large and diverse, it has something to offer to everyone. While Hollywood and the Los Angeles beach culture are part of our collective image of Los Angeles, the city also has more museums than any other city and some of the best hotels in the world are located in Los Angeles. Over the years, Los Angeles County has developed a diverse economic base, supported by a number of Fortune 500 companies with headquarters in the area, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTV Group, Northrop Grumman, Computer Sciences, KB Home, Health Net, Mattel, and Avery Dennison. Key factors positively impacting the region’s economic position include increased local media production by the entertainment industry and a continuing expansion of import flows. Moreover, growth in aerospace, homeland security and in the private business sector have contributed positively to the County's economy. Los Angeles' well educated labor pool, many universities, wonderful climate, and world class infrastructure will enable Greater Los Angeles to continue to be a world leader in economic and cultural significance.
County Highlights ● ●
●
●
Los Angeles County is the world’s 18th largest economy. Los Angeles part of the "Tech Coast" and is regarded as the of the main entrepreneurial regions of the world. It has approximately 200,000 small businesses, which is twice as many small businesses as can be found in any other region of the United States. If Los Angeles' five county area were a state, it would be the fourth largest in the United States. Los Angeles has more than 80 stage theaters and 300 museums, more than any other U.S city.
Area Overview 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
28
4530 E. Pacific Way Site
Area Overview 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
29
4530 E. Pacific Way Aerial Map
Area Overview 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
30
4530 E. Pacific Way Property Details Address
Square Footage Land Area Year Built Assessors Parcel Number
4530 E. Pacific Way Commerce, California 90040 13,826 SF * 19,812 SF * 1940 524-300-3035,3036,3037
Site Construction Ceiling Height inimum of 24 feet throughout three buildings * Roof Installed in 2015 Electricity Three-phase power, 120 Amps, previously at over 600 Amps * Water Connected to the city Sanitary Sewer Septic tank (not hooked up to sewer system) Office Buildout Approximately 1,000 square feet of office *
* Buyer to verify upon completing its own due diligence
Property Description 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
31
4530 E. Pacific Way Financial Offering Summary Price Building Size Land Area Year Built Occupancy Price per Square Foot
$1,550,000 13,826 SF 19,812 Sq. Feet 1940 0.00% $112.11
Financials 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
32
4530 E. Pacific Way Sales Comparable Map
Comparables 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
33
4530 E. Pacific Way Sales Comparables Photos
Address
Sale Price Sale Date
CAP NOI
Total SF $/SF
Year Built
Days on Market
Land Area Number of Spaces
4530 E. Pacific Way Commerce, California 90040
$1,550,000 N/A
-
13,826 SF $112
1940
N/A
19,812 SF -
4941-4943 Telegraph Rd Los Angeles, California 90022
$845,000 03/14/2017
-
5,800 SF $146
1948
41
2,910 1
5708 Alcoa Ave Vernon, California 90058
$2,400,000 03/20/2017
-
16,158 SF $149
1941
292
20,038 1
1550 Estudillo Ave Los Angeles, California 90023
$1,630,000 08/17/2016
-
9,750 SF $167
1947
105
13,970 1
3300 Leonis Blvd Los Angeles, California 90058
$1,690,000 09/21/2016
-
9,600 SF $176
1947
126
17,860 1
-
Comparables 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
34
4530 E. Pacific Way Photos
Address
Sale Price Sale Date
CAP NOI
Total SF $/SF
Year Built
Days on Market
Land Area Number of Spaces
4520 E Washington Blvd Commerce, California 90040
$1,250,000 10/28/2016
-
6,395 SF $195
1950
170
13,181 1
$1,563,000
-
9,541 SF $167
-
-
13,592 SF 1
Averages
Comparables 4530 E. Pacific Way Commerce, California 90040
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
35
CONFIDENTIALITY AND DISCLAIMER The information contained in this Offering Memorandum (“Memorandum”) is proprietary and strictly confidential; it is intended to be reviewed only by the party receiving it from Broker and should not be made available to anyone else without the written consent of Broker. By retention or use of this Memorandum, you agree that its contents are confidential, that you will hold it in the strictest confidence, and that you will not disclose any of its contents contrary to these terms. This Memorandum has been prepared to provide summary, unverified information to establish a preliminary level of interest in the subject property (“Property”). The information in this Memorandum has been obtained from sources Broker believes to be reliable; however, Broker has not conducted sufficient investigation to make any warranty or representation whatsoever including but not limited to the accuracy or completeness of the information, veracity or accuracy of the information, condition of the Property or its compliance or lack of compliance with applicable governmental requirements, developability, suitability or financial performance of the Property, income or expenses for the Property, the size and square footage of the Property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State or Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant or any tenant’s plans or intentions to continue occupancy of the Property. The Memorandum has selected information relating to the Property and does not purport to be an all - inclusive representation regarding the Property or to contain all or part of the information which prospective investors may require to evaluate the purchase of the Property. Additional information and an opportunity to investigate the Property will be made available to interested and qualified prospective purchasers. All information is based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of Broker, therefore, all information is subject to material variation. The information contained herein is not a substitute for a thorough due diligence investigation. Interested parties are expected to review all information of whatever nature independently and not rely on the contents of this Memorandum in any manner. The Property owner (“Owner”) expressly reserves the right, at its sole discretion, to reject any or all offers to purchase the Property, and/or to terminate discussions at any time with or without notice. The Owner shall have no legal commitment or obligation unless and until written agreement(s) have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
Exclusively Marketed By: Voskanian Investment Group
Edwin Voskanian 818.303.9903 [email protected] Lic. 01526505, 01293659, 01434190
