christopher v. bonbright expert commercial real estate broker graduate of stanford university with...
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Christopher V. BonbrightExpert Commercial Real Estate Broker
• Graduate of Stanford
University with Honors &
Distinction with a BA in
Economics 1982
• 22 years practicing commercial
broker and property owner in
the Hollywood area
• CEO and Principal of Market
Leading Firm Ramsey-Shilling
Commercial Real Estate
Services, Inc.
• Civic & Community Leader
including:
Christopher V. BonbrightExpert Commercial Real Estate Broker
• Graduate of Stanford
University with Honors &
Distinction with a BA in
Economics 1982
• 22 years practicing commercial
broker and property owner in
the Hollywood area
• CEO and Principal of Market
Leading FirmRamsey-Shiling
Commercial Real Estate
Services, Inc.
• Civic & Community Leader
including:
Chairman, Beverly Hills Architectural Commission President of the Board of Directors, Institute of Cinema & Television Production
Member, Board of Directors, Hollywood Entertainment District Property Owners Association
Christopher V. BonbrightExpert Commercial Real Estate Broker
Received Prestigious 2005 Los Angeles Business Journal Real Estate Award for
Civic and Business Contribution to Hollywood Renaissance.
Received Prestigious 2005 Los Angeles Business Journal Real Estate Award for
Civic and Business Contribution to Hollywood Renaissance.
Christopher V. BonbrightExpert Commercial Real Estate Broker
Christopher V. BonbrightExpert Commercial Real Estate Broker
Christopher V. BonbrightExpert Commercial Real Estate Broker
Christopher V. BonbrightExpert Commercial Real Estate Broker
Christopher V. BonbrightExpert Commercial Real Estate Broker
956 Seward St.Los Angeles, California
956 Seward St.Los Angeles, California
Opinion of MarketRental Value & Sale Value
Opinion of MarketRental Value & Sale Value
Christopher V. Bonbright
Property Information
Property Location: 956 Seward Street, Hollywood, CA
Property Type: Two Story Office Building
Purpose of Opinion of Value: Fair Market Value
Property Right Valued: Fee Simple
Date of Value: December 10, 2002
Land Area: 36,870 sf.
Zoning: CM-2
Improvements: Approximately 30,030 sq equally divided between two floors
Coverage: 41%
Floors: Two Elevator: Yes
Basic Construction: Wood Frame
Year Built: 1955, (remodeled in 1980’s)
Lease Term: Terminates July 31, 2004
Monthly Income: $28,000, NNN
Condition: Good
Parking: 60 cars (this take into consideration giving adjacentproperty the exclusive use of 7 cars along the front southern portion of the parking lot)
Property Information
The estimated Fair Market Rental Value for 956 Seward Street as of July 2004 is $2.00 per square foot, NNN
Comparable Lease Rates for 2004
Comparable Lease Rates for 2004
* Average Price per square foot is $2.16 not including Subject Property
Comparable Lease Rates for 2004
The estimated Fair Market Rental Value for 956 Seward Street as of July 2009 is $3.00 per square foot, NNN
Projected Lease Price per Square Foot
Projected Lease Price per Square Foot
* Average Price per square foot is $2.85 as of September 2007 not including Subject Property
**Although the average in 2007 is $2.85 projecting forward to 2009 at 2.5% growth per year brings the market rent to $3.00
Projected Lease Price per Square Foot
Fair Market Sale Value as of December 2002 is $4,350,000
Comparable Sales Analysis
Comparable Sales Analysis
* Average Price per square foot is $162.00 not including Subject Property
Comparable Sales Analysis
Similar entertainment
use
Net Leased
6.85 Cap Rate
Corresponding value
for 956 based on Cap
Rate $4,941,176
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6824 Melrose Ave.
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816 Seward St.
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