19601 mariner ave. - loopnet
TRANSCRIPT
SINGLE TENANTABSOLUTE NET LEASE
INVESTMENT OPPORTUNITY
19601 Mariner Ave.Torrance, CA 90503
PRICE: $6,400,000
NOI: ±$560,000
CAP RATE: 8.75%
• 100% Leased
• ±22,464 SF on 2 Acres
• Strong Submarket Fundamentals
PRESENTED BY:
2 Disclaimer: This document has been prepared by Kennedy Wilson Properties, Ltd. (Responsible “Broker”, CalBRE #00746768) for marketing and general information purposes only. The information set forth herein has been obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information.
Investment Advisors Local Market Experts UnderwritingFred B. Córdova, III Charlotte Pruitt Jake Sachse Eric Lastition Geoff Ludwig Ravi Choudhry
Executive Vice President Vice President Senior Associate Executive Managing Dir. Executive Managing Dir. Vice President310-887-3425 310-625-2810 310-887-3492 310-491-2047 310-491-2077 310-887-3428
[email protected] [email protected] [email protected] [email protected] [email protected] [email protected] #01279582 CalBRE #01939544 CalBRE #01987332 CalBRE #01119647 CalBRE #01232244
SINGLE TENANT ABSOLUTE NET LEASE INVESTMENT OPPORTUNITY
19601 Mariner Avenue, Torrance, CA 90503
3 Disclaimer: This document has been prepared by Kennedy Wilson Properties, Ltd. (Responsible “Broker”, CalBRE #00746768) for marketing and general information purposes only. The information set forth herein has been obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information.
DISCLAIMERKennedy Wilson Properties, Ltd. (“Broker”), exclusive marketing representative of 19601 Mariner Avenue, a California Limited Partnership (“Seller”), is solely authorized to present this property investment offering (the “Offering”).
Prior to submitting an offer to acquire the fee interest in 19601 Mariner Avenue, Torrance, CA 90503 (the “Property”), interested parties should perform and rely upon their own investigations, analyses, estimates and projections and otherwise satisfy any concerns regarding material aspects of the proposed transaction including, but not limited to, legal, municipal, environmental, operational, seismic, financial and physical issues, and all other matters affecting or pertaining to the Property. The Seller will be offering the Property including all appurtenances and improvements, solely on an “As Is, Where Is” basis, without any representations or warranties. No person, including Broker, is authorized to make any representations or warranties on behalf of the Seller regarding the Property. Any and all information regarding the Property provided to any interested party by the Seller or Broker including all information contained in the Offering, is provided without any representation or assurance, expressed or implied, regarding the accuracy, completeness or current status of applicability of such information. Each interested party is expected to undertake such reviews and investigations and make such inquiries as such party may believe to be necessary, appropriate or advisable for the purpose of forming a decision to make an offer to acquire the Property.
This Offering is submitted subject to errors, changes, omissions changes in price, market and other conditions. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that prospective purchasers may desire. It should be noted that any and all market analyses, estimates and projections contained in this Offering are provided for general reference purposes only and are based on assumptions related to the general economy, competition, real estate market trends, and other factors beyond the control of the Seller or Broker. Such analyses, estimates and projections are therefore subject to material variation, and may not be consistent with the views or assumptions held by other professionals.
CONFIDENTIALITY AGREEMENTThe material contained herein is confidential and is presented strictly as information for the exclusive use of the prospective purchaser. Receipt and review of this Offering by the prospective purchaser constitutes an agreement not to divulge, share or distribute the information to any other party, except the prospective purchaser’s legal counsel and financial advisors, without the prior specific written authorization of the Seller or Broker. Each prospective purchaser shall also agree to and comply with the provisions of the confidentiality agreement executed by such prospective purchaser prior to receipt of this Offering.
Photocopying or other duplication of this offering is not authorized.
SINGLE TENANT ABSOLUTE NET LEASE INVESTMENT OPPORTUNITY
19601 Mariner Avenue, Torrance, CA 90503
4 Disclaimer: This document has been prepared by Kennedy Wilson Properties, Ltd. (Responsible “Broker”, CalBRE #00746768) for marketing and general information purposes only. The information set forth herein has been obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information.
19601Mariner Ave
Source: CoStar, Q3 2017 Torrance Office Submarket Analysis & Forecast
PROPERTY INFORMATIONProduct Type: Office/Flex
Asking Price: $6,400,000
Price PSF: $285.00
RBA: ±22,464 SF
Land Area: ±87,120 SF / 2.00 Acres
Leased: 100%
Year Built: 1985
Parking: 147 surface parking spaces
Parking Ratio: 6.5:1
FAR (Existing/Allowed) 0.26/0.60
Construction: Concrete Tilt Up
Stories: 2
Zoning: M2
APN: 7352-019-020
NOI: $559,680
Cap Rate: 8.75%
Ownership: Fee Simple
SINGLE TENANT ABSOLUTE NET LEASE INVESTMENT OPPORTUNITY
19601 Mariner Avenue, Torrance, CA 90503
APN: 7352-019-020
INVESTMENT HIGHLIGHTS• Good access to the Los Angeles and Orange County
communities via I-405 and CA-110 Freeways
• Ample parking on site; 147 surface spaces (6.5:1)
• Well-located only ½ block east of Hawthorne Blvd., adjacent to Torrance Promenade retail center anchored by Walmart, OSH, Trader Joe's and other national credit tenants
• Low submarket vacancy (7.6%)*
• High 12-month submarket rent growth (5.4%)*
5
EXTERIOR
Disclaimer: This document has been prepared by Kennedy Wilson Properties, Ltd. (Responsible “Broker”, CalBRE #00746768) for marketing and general information purposes only. The information set forth herein has been obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information.
SINGLE TENANT ABSOLUTE NET LEASE INVESTMENT OPPORTUNITY
19601 Mariner Avenue, Torrance, CA 90503
6
OFFICE INTERIOR
Disclaimer: This document has been prepared by Kennedy Wilson Properties, Ltd. (Responsible “Broker”, CalBRE #00746768) for marketing and general information purposes only. The information set forth herein has been obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information.
SINGLE TENANT ABSOLUTE NET LEASE INVESTMENT OPPORTUNITY
19601 Mariner Avenue, Torrance, CA 90503
7
PARCEL MAP
Disclaimer: This document has been prepared by Kennedy Wilson Properties, Ltd. (Responsible “Broker”, CalBRE #00746768) for marketing and general information purposes only. The information set forth herein has been obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information.
SINGLE TENANT ABSOLUTE NET LEASE INVESTMENT OPPORTUNITY
19601 Mariner Avenue, Torrance, CA 90503
APN: 7352-019-020
8 Disclaimer: This document has been prepared by Kennedy Wilson Properties, Ltd. (Responsible “Broker”, CalBRE #00746768) for marketing and general information purposes only. The information set forth herein has been obtained from third parties. Broker does not warrant or represent that the information contained in this document is complete or accurate. Any interested party must undertake their own due diligence as to the accuracy and completeness of all information. Broker disclaims any liability arising from or relating to inaccurate or incomplete information.
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TORRANCE
PROMENADE
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MagellanStorage
SINGLE TENANT ABSOLUTE NET LEASE INVESTMENT OPPORTUNITY
19601 Mariner Avenue, Torrance, CA 90503
Investment Advisors Local Market Experts UnderwritingFred B. Córdova, III Charlotte Pruitt Jake Sachse Eric Lastition Geoff Ludwig Ravi Choudhry
Executive Vice President Vice President Senior Associate Executive Managing Dir. Executive Managing Dir. Vice President310-887-3425 310-625-2810 310-887-3492 310-491-2047 310-491-2077 310-887-3428
[email protected] [email protected] [email protected] [email protected] [email protected] [email protected] #01279582 CalBRE #01939544 CalBRE #01987332 CalBRE #01119647 CalBRE #01232244
Presented by:
SINGLE TENANT NET LEASED INVESTMENT OPPORTUNITY
19601 Mariner Avenue, Torrance, CA 90503