new listing for sale - silver commercial · 2015-06-23 · local presence global reach new listing...
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LOCAL PRES
NNEEWW LLIISSTTIINNGG FFOORR SSAALLEE 3619 Motor Avenue, Los Angeles, CA 90034
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Sales Price: $2,875,000
Net Income: $156,000 Proforma Cap Rate: 8% Building Size: ±10,700 rentable sq.ft. ±11,554 gross sq.ft. Land Size: 7,349 sq.ft. APN: 4314-008-043 Price per sq.ft: $269 Year Built: 1980 Zoning: C-2 Parking: 21 single covered spaces
Exclusively Represented By: K
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Grubb & Ellis Company 1100 Glendon Ave., Ste 900 Los Angeles, CThe information contained herein was obtained from third parties, and it has not bproperty and verify all information. Real estate brokers are not qualified to act as
PPrrooppeerrttyy DDeessccrriippttiioonn This single tenant three-story office building consisting of two stories of office space over first floor covered parking. The property recently underwent a major interior upgrade with new ceilings, lighting system, and modern technology features.
LLooccaattiioonn The property is located in the West Los Angeles Market. The area is a fusion of small retail & office buildings. It is surrounded by Santa Monica, Culver City, and Century City. It is situated amidst the Entertainment Industry giants such as Sony Pictures to the south and Fox Studios to the North. Its immediate access to the 10 & 405 freeways allow easy ingress/egress to the Greater Los Angeles area.
IInnvveessttmmeenntt FFeeaattuurreess Excellent Investment or Exchange Opportunity to acquire 100% leased office building with Entertainment Industry Credit Tenant. There is also a potential opportunity for an owner/user to occupy the building at the end of the lease term.
athleen A. Silver, CCIM Senior Vice President
310.235.2955 [email protected]
ENCE GLOBAL REACH
A 90024 310.235.2955 direct 310.235.2969 fax www.grubb-ellis.com een independently verified by the real estate brokers. Buyer/tenants should have the experts of their choice inspect the or select experts with respect to legal, tax, environment, building construction, soils-drainage or other such matters.
LOCAL PRESENCE GLOBAL REACH
3619 Motor Avenue, Los Angeles, CA 90034
Arrowhead $27 (online)
2nd floor
3rd floor
Kathleen A. Silver, CCIM Senior Vice President
310.235.2955 [email protected]
3619 Motor Avenue, Los Angeles, CA 90034
LOCAL PRESENCE GLOBAL REACH
Kathleen A. Silver, CCIM Senior Vice President
310.235.2955 [email protected]
3619 Motor Avenue, Los Angeles, CA 90034
TENANT LEASE SUMMARY
** FSG – Full Service Gross
T enant Name R entableSq. Ft.
R entalRat e
M onthlyRent
Rent I ncreases
L easeT ype
T erminationDate
T t heatrical EntertainmenServices ±10,700 $1.78 $19,073 3% annual MG* 12/31/07
Tenant Name Rentable Sq. Ft.
Rental Rate
Monthly Rent
Rent Increases
Lease Type
Termination Date
Theatrical Entertainment Services ±10,700 $1.78 $19,073 3% annually FSG** 12/31/07
Tenant Name Rentable Sq. Ft.
Rental Rate
Monthly Rent
Rent Increases
Lease Type
Termination Date
New or Renewed Tenant ±10,700 $2.10 $22,470 4% annually MG* TBD
PROFORMA TENANT LEASE SUMMARY
* MG – Modified Gross
TENANT: TES, THEATRICAL ENTERTAINMENT SERVICES, WORLDWIDE, A CMR/TNS COMPANY Theatrical Entertainment Services (TES) is a member of the TNS group of companies, ranked
as the second largest market information group in the world. TES specializes in worldwide
information gathering. The company tracks more than 2 million brands and collects more than
190 million ad occurrences annually. Through ‘their’ network of independent field
representatives, they are the eyes and ears of many major corporations by providing them
essential marketing intelligence to help further their competitive edge.
With offices in Los Angeles and London, they represent film studios, cinemas, restaurants,
department stores, and other specialty retailers. TNS is publicly traded on the London Stock
Exchange. Their revenue in 2005 was approximately $1.9 billion, almost twice their revenue
just 4 years earlier in 2001. Their profit for 2005 was more than triple that of 2001. http://www.tnsmi-tes.comhttp://www.hoovers,com
Kathleen A. Silver, CCIM Senior Vice President
310.235.2955 [email protected]
LOCAL PRESENCE GLOBAL REACH