zoe avenue medical plaza · 2020-06-04 · zoe avenue medical plaza contents dwin voskanian lic:...

Zoe Avenue Medical Plaza 2621 Zoe AvenueHuntington Park CA 90255

OFFERING MEMORANDUM

Edwin Voskanian(818) 303-9903Lic:01526505,01293659,[email protected]

Zoe Avenue Medical PlazaCONTENTS

dwin VoskanianLic: 01526505,01293659,01434190(818) [email protected]

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.

01 Executive Summary Investment Summary 3 Location Summary 4

02 Property Description56

Aerial Map Traffic Counts

03 Rent Comps Rent Comparables 7 Rent Comparables Summary 09 Rent Comparables Map 10

04 On Market Comps On Market Comparables 11 On Market Comparables Summary 13 On Market Comparables Charts 14 On Market Comparables Map 15

05 Sale Comps Sale Comparables 16 Sale Comparables Summary 21 Sale Comparables Charts 22 Sale Comparables Map 23

06 Rent Roll24Tenant Profiles

Rent Roll 30

07 Financial Analysis313233

Income & Expense Analysis Multiyear Cash Flow Assumptions Cash Flow Analysis Disposition Sensitivity Analysis 35

08 Demographics Demographics 36 Demographic Charts 37

09 Bio 39

Zoe Avenue Medical Plaza Investment Summary | 03

OFFERING SUMMARYADDRESS 2621 Zoe Avenue

Huntington Park CA 90255COUNTY Los AngelesMARKET Los AngelesBUILDING SF 16,016 SFLAND SF 9,126 SFYEAR BUILT 1990YEAR RENOVATED 2014APN 6322-004-031OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $5,500,000PRICE PSF $343.41OCCUPANCY 100 %NOI (CURRENT) $319,516CAP RATE (CURRENT) 5.81 %

PROPOSED FINANCINGLOAN TYPE Interest OnlyDOWN PAYMENT $2,200,000LOAN AMOUNT $3,300,000INTEREST RATE 4.50 %LOAN TERMS 10ANNUAL DEBT SERVICE $148,500LOAN TO VALUE 60 %NOTES Fixed for 5 years, due in 10 years.

DEMOGRAPHICS 1 MILE 3 MILE 8 MILE2018 Population 58,771 432,692 2,649,5842018 Median HH Income $37,421 $38,094 $40,8392018 Average HH Income $50,917 $50,286 $57,755

Voskanian Investment Group, Inc. is pleased to present a unique, modern, fully occupied, dental/medical/office building for sale in the heart of Huntington Park, CA. This property is occupied by a pediatric dental group, a plastic surgical group (with a AAAASF-certified ambulatory surgery center), and a governmental subsidized agency with solid and seasoned rental income & long-term lease agreements.

This 16,008 square foot building was built in 1990 and consists of two floors with excellent “Beverly Hills” quality finishes, and hundreds of free parking spaces surrounding it. The property is located on Zoe Avenue, steps away from the famous Pacific Boulevard busy retail corridor & cultural center, with a traffic count of over 17,000 vehicles per day. This property is surrounded by a variety of retail amenities & restaurants with an excellent central location, south east of Downtown Los Angeles, and surrounded by the 710, 110, 105 and 10 Freeways!

• For June of 2021, the CAP rate will be 6.5%!• Thriving existing tenants with a strong history at the subject

property.• Building completely renovated for medical and office

use.

Location Summary | 04Zoe Avenue Medical Plaza

Aerial Map | 05Zoe Avenue Medical Plaza

Traffic Counts | 06Zoe Avenue Medical Plaza

Rent Comparables | 07

1

7511 State St.7511 State StreetHuntington Park, CA 90255

BUILDING SF 2,654

YEAR BUILT 1938

OCCUPANCY 55.00 %

RENT PSF (YEARLY) $19.44

RENT PSF (MONTHLY) $1.62

DISTANCE 1.5 miles

ANNUAL RENT PSF $19 - $30

LOW HIGH

OCCUPANCY 0 % - 66 %

LOW HIGH

BUILDING SF 1,385 - 16,016

LOW HIGH

Notes Class C Office/MedicalUtilities not included7 free reserved parking spaces

2

5800-5812 Pacific Blvd5800 Pacific BoulevardHuntington Park, CA 90255

BUILDING SF 10,344

YEAR BUILT 1949

OCCUPANCY 66.00 %

LEASE TYPE NNN



DISTANCE 0.8 miles


LOW HIGH

OCCUPANCY 0 % - 66 %

LOW HIGH

BUILDING SF 1,385 - 16,016

LOW HIGH

Notes Class B Office/Medical3,500 SF available (Suite 5800/1st floor)20 surface spaces

Zoe Avenue Medical Plaza

Rent Comparables | 08

3

4811 Florence Ave4811 Florence AveBell, CA 90201

BUILDING SF 1,385

YEAR BUILT 1955



DISTANCE 2.9 miles


LOW HIGH

BUILDING SF 1,385 - 16,016

LOW HIGH

Notes Class C Office/Medical12 covered parking spacesRent does not include utilities

S

Zoe Avenue Medical Plaza2621 Zoe Avenue Huntington Park, CA 90255

BUILDING SF 16,016

YEAR BUILT 1990




LOW HIGH

BUILDING SF 1,385 - 16,016

LOW HIGH


Rent Comparables Summary | 09

PROPERTY BLDG SF PSF (YR) PSF (MO) Occupancy Built Lease Type DISTANCE (mi)

1 7511 State StreetHuntington Park, CA 90255 2,654 $19.44 $1.62 55% 1938 1.50

2 5800 Pacific BoulevardHuntington Park, CA 90255 10,344 $30.00 $2.50 66% 1949 NNN 0.80

3 4811 Florence AveBell, CA 90201 1,385 $30.32 $2.53 0% 1955 2.90

AVERAGES 4,794 $26.59 $2.22 40% 1947

SUBJECT 16,016 $23.48 $1.96 100% 1990


Rent Comparables Map | 10

# Property Name Address CityS Zoe Avenue Medical Plaza 2621 Zoe Avenue Huntington Park1 7511 State St. 7511 State Street Huntington Park2 5800-5812 Pacific Blvd 5800 Pacific Boulevard Huntington Park3 4811 Florence Ave 4811 Florence Ave Bell


On Market Comparables | 11

1

5725 S Soto Street5725 S Soto StreetHuntington Park, CA 90255

BUILDING SF 4,780

YEAR BUILT 1946

ASKING PRICE $1,529,000

PRICE/SF $319.87

DISTANCE 1.1 miles

Price/Square Ft $320 - $348

LOW HIGH

Notes 15,760 SF Land

2

401 W Beverly Blvd401 W Beverly BoulevardMontebello, CA 90640

BUILDING SF 4,592

YEAR BUILT 1957


PRICE/SF $348.43

DAYS ON MARKET 1848

DISTANCE 13.2 miles


LOW HIGH

Notes 28,750 SF land


On Market Comparables | 12

S


BUILDING SF 16,016

YEAR BUILT 1990


PRICE/SF $343.41

CAP RATE 5.71 %

OCCUPANCY 100.00 %

Cap Rate Range 6.06 % - 5.71 %

LOW HIGH


LOW HIGH


On Market Comparables Summary | 13

PROPERTY BLDG SF ASK PRICE PSF Built DISTANCE (mi)

1 5725 S Soto StreetHuntington Park, CA 90255 4,780 $1,529,000 $319.87 1946 1.10

2 401 W Beverly BoulevardMontebello, CA 90640 4,592 $1,600,000 $348.43 1957 13.20

AVERAGES 4,686 $1,564,500 $334.15 1952

SUBJECT 16,016 $5,500,000 $343.41 1990


On Market Comparables Charts | 1Zoe Avenue Medical Plaza

On Market Comparables Map | 15

# Property Name Address CityS Zoe Avenue Medical Plaza 2621 Zoe Avenue Huntington Park1 5725 S Soto Street 5725 S Soto Street Huntington Park2 401 W Beverly Blvd 401 W Beverly Boulevard Montebello


Sale Comparables | 16

1

100 Washington Blvd100 Washington BlvdMontebello, CA 90640

BUILDING SF 9,512

YEAR BUILT 2014

SALE PRICE $5,480,000

PRICE/SF $576.11

CAP RATE 5.77 %

CLOSING DATE 11/7/2019

DAYS ON MARKET 97

DISTANCE 8.3 miles


LOW HIGH


LOW HIGH

Notes 31,363 SF landClass B Medical Building

2

13132 Studebaker Road13132 Studebaker RoadNorwalk, CA 90650

BUILDING SF 10,105

YEAR BUILT 1959


PRICE/SF $606.99


DISTANCE 11.0 miles


LOW HIGH




3

7143 Seville Ave7143 Seville AvenueHuntington Park, CA 90255

BUILDING SF 3,760

YEAR BUILT 1960


PRICE/SF $279.26


DAYS ON MARKET 197

DISTANCE 0.5 miles


LOW HIGH

Notes 9,074 SF landClass C Medical Building

4

15731-15733 Paramount Blvd15731 Paramount BlvdParamount, CA 90723

BUILDING SF 3,000

YEAR BUILT 1959

SALE PRICE $900,000

PRICE/SF $300.00

CAP RATE 5.86 %


DAYS ON MARKET 267

DISTANCE 10.2 miles

Cap Rate Range 5.71% - 6.06 %

LOW HIGH


LOW HIGH




5

4364 S Central Ave4364 S Central AvenueLos Angeles, CA 90011

BUILDING SF 2,304

YEAR BUILT 1978

SALE PRICE $810,000

PRICE/SF $351.56


DISTANCE 3.5 miles


LOW HIGH


6

9735-9739 California Ave9735 California AveSouth Gate, CA 90280

BUILDING SF 4,600

YEAR BUILT 1926


PRICE/SF $326.09


DISTANCE 3.1 miles


LOW HIGH




7

21501 Avalon Blvd21501 Avalon BlvdCarson, CA 90745

BUILDING SF 8,409

YEAR BUILT 1996


PRICE/SF $344.87


DAYS ON MARKET 246

DISTANCE 14.4 miles


LOW HIGH


8

6041-6043 Atlantic Blvd6041 Atlantic BoulevardMaywood, CA 90270

BUILDING SF 3,001

YEAR BUILT 1985

SALE PRICE $800,000

PRICE/SF $266.58


DISTANCE 2.9 miles


LOW HIGH




S


BUILDING SF 16,016

YEAR BUILT 1990


PRICE/SF $343.41

CAP RATE 5.71 %


LOW HIGH


LOW HIGH


Sale Comparables Summary | 21

PROPERTY BLDG SF SALE PRICE PSF CAP RATE Built Close Date DISTANCE (mi)

1 100 Washington BlvdMontebello, CA 90640 9,512 $5,480,000 $576.11 5.77% 2014 11/7/2019 8.30

2 13132 Studebaker RoadNorwalk, CA 90650 10,105 $6,133,596 $606.99 1959 12/31/2019 11.00

3 7143 Seville AvenueHuntington Park, CA 90255 3,760 $1,050,000 $279.26 1960 12/3/2019 0.50

4 15731 Paramount BlvdParamount, CA 90723 3,000 $900,000 $300.00 5.86% 1959 2/12/2020 10.20

5 4364 S Central AvenueLos Angeles, CA 90011 2,304 $810,000 $351.56 1978 11/13/2019 3.50

6 9735 California AveSouth Gate, CA 90280 4,600 $1,500,000 $326.09 1926 4/20/2020 3.10

7 21501 Avalon BlvdCarson, CA 90745 8,409 $2,900,000 $344.87 1996 11/21/2019 14.40

8 6041 Atlantic BoulevardMaywood, CA 90270 3,001 $800,000 $266.58 1985 11/14/2019 2.90

AVERAGES 5,586 $2,446,700 $381.43 5.82% 1972

SUBJECT 16,016 $5,500,000 $343.41 5.71% 1990


Sale Comparables Charts | 22Zoe Avenue Medical Plaza

Sale Comparables Map | 23

# Property Name Address CityS Zoe Avenue Medical Plaza 2621 Zoe Avenue Huntington Park1 100 Washington Blvd 100 Washington Blvd Montebello2 13132 Studebaker Road 13132 Studebaker Road Norwalk3 7143 Seville Ave 7143 Seville Avenue Huntington Park4 15731-15733 Paramount Blvd 15731 Paramount Blvd Paramount5 4364 S Central Ave 4364 S Central Avenue Los Angeles6 9735-9739 California Ave 9735 California Ave South Gate7 21501 Avalon Blvd 21501 Avalon Blvd Carson8 6041-6043 Atlantic Blvd 6041 Atlantic Boulevard Maywood


Tenant Profile | 24

Kids Dental Place

Description

Kid’s Dental Place provides exceptional dental care for infants, toddlers, and adolescents. Exclusively serving children since 2004, our team possesses a special closeness with the community.

They are a unique, family-oriented dental practice that not only provides the highest quality service and care to their patients, but also provides free transportation services, special discounts for non-insured patients, and convenient evening and Saturday appointments. “We give more than we get paid, and that’s my philosophy,” says our visionary, Dr. Jack Bayramyan, who has created a dedicated team that has genuine concern and utmost respect for the well-being of the children in our community.

They pride themselves on being highly accommodating and providing the best possible patient convenience, ensuring that the best qualified are readily available to serve our patients. Each of the four offices boasts a fun and family-friendly environment adorned in whimsical décor, enchanting murals, and elaborate waiting rooms to ensure comfort and entertainment for the patients and parents alike. Complete with large flat screen TVs and educational video games, the community has found coming to the dentist to be a positive and exciting experience.


Tenant Profile | 25Zoe Avenue Medical Plaza

Mexican American Opportunity Foundation

http://www.maof.org/

Description

The Mexican American Opportunity Foundation (MAOF) is a non-profit, community-based organization that was established in 1963 in order to serve disadvantaged individuals and families in the Los Angeles area. MAOF is the largest Latino-oriented, family services organization in the United States, and has achieved this status by providing high quality social services and programs to those communities where the need is the greatest.

The mission of the MAOF is to provide for the socio-economic betterment of the greater Latino community of California, while preserving the pride, values and heritage of the Mexican American culture.


Description

Southern California Surgery Center is a state-of-the-art accredited surgical facility. Southern California Surgery center providing expert medical care in Gastrointestinal Endoscopy, Colonoscopy, General Surgery, Plastic Surgery, ENT, GYN and Eyes Surgery.

The center was established in Huntington Park in 1995 to meet the needs of its patients who require outpatient surgery in a local, neighborhood facility. Modern medicine has moved far beyond the walls of hospitals where most complex surgeries can now be performed safely in the comfort of an ambulatory surgery center. As a facility owned and run by physicians, we pride ourselves on the attention we give to the needs and concerns of our patients.

Southern California Surgical Center https://staybeautiful.us/

Zoe Avenue Medical Plaza Tenant Profile | 28

Zoe Avenue Medical Plaza Tenant Profile | 29

Rent Roll | 30

Lease Term Rental RatesSuite Tenant Name Square Feet % of NRA Lease Start Lease End Begin Date Monthly PSF Annual PSF Lease Type Options/Notes 1st FloorKids Dental Place 3,561 22.23% 03/01/11 02/28/21 CURRENT $5,909 $1.66 $70,908 $19.91 Mod Gross Tenant pays for utilities by

reimbursing landlord approximately$1,000 per month. Tenant isresponsible for increases inproperty taxes and insurance,which landlord has not beencollecting. Additionally, per thelease, the current rent should be$6,330.36 per month, which owneris not enforcing. 2 (5)year options.Lastly, rent is set to increase to$12,000 as of June 2021.

06/01/2021 $12,000 $3.37 $144,000 $40.44

1st Floor Southern CA Surgical Center4,008 25.02% 12/01/17 10/31/22 CURRENT $11,000 $2.74 $132,000 $32.93 Mod Gross Tenant pays for utilities byreimbursing landlord approximately$1,000 per month. Tenant isresponsible for increases inproperty taxes and insurance whichlandlord has not been collecting.Renewed for 5 years on Dec 12017.

Entire2nd Floor

Mexican AmericanOpportunity Foundation

8,008 50.00% 09/15/19 09/14/24 CURRENT $14,860 $1.86 $178,320 $22.27 Mod Gross Tenant pays for utilities byreimbursing landlord approximately$1,000 per month. Tenant has aright to cancel the lease, only ifstate or federal funding is cut,tenant needs to show proof inwriting.

Totals 15,577 $31,769 $381,228


Income & Expense Analysis | 31

INCOME CURRENT JUNE 2021Gross Potential Rent $381,228 $423,865

Expense Reimbursement Revenue $36,000 $36,000

Effective Gross Income $417,228 $459,865

Less: Expenses $97,712 $97,712

Net Operating Income $319,516 $362,153

EXPENSES CURRENT JUNE 2021Real Estate Taxes $62,160 $62,160

Insurance $5,037 $5,037

Repairs & Maintenance $8,306 $8,306

Utilities $22,209 $22,209

Total Operating Expense $97,712 $97,712

Reserves $2,000 $2,000

Annual Debt Service $148,500 $148,500

Expense / SF $6.10 $6.10

% of EGI 23.42 % 21.25 %

REVENUE ALLOCATION

DISTRIBUTION OF EXPENSES


Multiyear Cash Flow Assumptions | 32

GLOBALOffering Price $5,500,000

PROPOSED FINANCINGLoan Type Interest OnlyDown Payment $2,200,000Loan Amount $3,300,000Interest Rate 4.50 %Loan Terms 10Annual Debt Service $148,500Loan to Value 60 %Notes Fixed for 5 years, due in 10

years.


Cash Flow Analysis | 33

CASH FLOWCalendar Year CURRENT June 2021 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Gross Potential RevenueGross Rental Income $381,228 $423,865 $454,320 $454,320 $454,320 $454,320 $454,320 $454,320 $454,320 $454,320Expense Reimbursement Revenue $36,000 $36,000 $36,000 $36,000 $36,000 $36,000 $36,000 $36,000 $36,000 $36,000Gross Potential Income $417,228 $459,865 $490,320 $490,320 $490,320 $490,320 $490,320 $490,320 $490,320 $490,320Effective Gross Income $417,228 $459,865 $490,320 $490,320 $490,320 $490,320 $490,320 $490,320 $490,320 $490,320Operating ExpensesReal Estate Taxes $62,160 $62,160 $62,160 $62,160 $62,160 $62,160 $62,160 $62,160 $62,160 $62,160Insurance $5,037 $5,037 $5,037 $5,037 $5,037 $5,037 $5,037 $5,037 $5,037 $5,037Repairs & Maintenance $8,306 $8,306 $8,306 $8,306 $8,306 $8,306 $8,306 $8,306 $8,306 $8,306Utilities $22,209 $22,209 $22,209 $22,209 $22,209 $22,209 $22,209 $22,209 $22,209 $22,209Total Operating Expense $97,712 $97,712 $97,712 $97,712 $97,712 $97,712 $97,712 $97,712 $97,712 $97,712Net Operating Income $319,516 $362,153 $392,608 $392,608 $392,608 $392,608 $392,608 $392,608 $392,608 $392,608Reserves $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000Annual Debt Service $148,500 $148,500 $148,500 $148,500 $148,500 $148,500 $148,500 $148,500 $148,500 $148,500Cash Flow $169,016 $211,653 $242,108 $242,108 $242,108 $242,108 $242,108 $242,108 $242,108 $242,108

Effective Gross Income vs Operating Expenses Cash Flow


Cash Flow Analysis | 34

Calendar Year CURRENT June 2021 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Financial MetricsCash on Cash Return b/t 7.68 % 9.62 % 11.00 % 11.00 % 11.00 % 11.00 % 11.00 % 11.00 % 11.00 % 11.00 %CAP Rate 5.81 % 6.58 % 7.14 % 7.14 % 7.14 % 7.14 % 7.14 % 7.14 % 7.14 % 7.14 %Debt Coverage Ratio 2.15 2.44 2.64 2.64 2.64 2.64 2.64 2.64 2.64 2.64Operating Expense Ratio 23.41 % 21.24 % 19.92 % 19.92 % 19.92 % 19.92 % 19.92 % 19.92 % 19.92 % 19.92 %Gross Multiplier (GRM) 13.18 11.96 11.22 11.22 11.22 11.22 11.22 11.22 11.22 11.22Loan to Value 60.01 % 59.96 % 60.01 % 60.01 % 60.01 % 60.01 % 60.01 % 60.01 % 60.01 % 60.01 %Breakeven Ratio 59.01 % 53.54 % 50.21 % 50.21 % 50.21 % 50.21 % 50.21 % 50.21 % 50.21 % 50.21 %Price / SF $343.41 $343.41 $343.41 $343.41 $343.41 $343.41 $343.41 $343.41 $343.41 $343.41Income / SF $26.05 $28.71 $30.61 $30.61 $30.61 $30.61 $30.61 $30.61 $30.61 $30.61Expense / SF $6.10 $6.10 $6.10 $6.10 $6.10 $6.10 $6.10 $6.10 $6.10 $6.10


Disposition Sensitivity Analysis | 35

5 YEAR SENSITIVITY ANALYSISEXIT CAP RATE PROJECTED SALES

PRICESALES PRICE PSF PROCEEDS AFTER

LOAN PAYOFFIRR

0.25% $157,043,200 $9,805 $153,743,200 136.87%0.50% $78,521,600 $4,903 $75,221,600 106.14%0.75% $52,347,733 $3,268 $49,047,733 89.85%1.00% $39,260,800 $2,451 $35,960,800 78.94%1.25% $31,408,640 $1,961 $28,108,640 70.78%1.50% $26,173,867 $1,634 $22,873,867 64.30%1.75% $22,434,743 $1,401 $19,134,743 58.92%2.00% $19,630,400 $1,226 $16,330,400 54.33%2.25% $17,449,244 $1,089 $14,149,244 50.32%

10 YEAR SENSITIVITY ANALYSISEXIT CAP RATE PROJECTED SALES

PRICESALES PRICE PSF PROCEEDS AFTER

LOAN PAYOFFIRR

0.25% $157,043,200 $9,805 $153,743,200 55.75%0.50% $78,521,600 $4,903 $75,221,600 45.68%0.75% $52,347,733 $3,268 $49,047,733 40.09%1.00% $39,260,800 $2,451 $35,960,800 36.24%1.25% $31,408,640 $1,961 $28,108,640 33.31%1.50% $26,173,867 $1,634 $22,873,867 30.94%1.75% $22,434,743 $1,401 $19,134,743 28.96%2.00% $19,630,400 $1,226 $16,330,400 27.25%2.25% $17,449,244 $1,089 $14,149,244 25.74%


Demographics | 36

POPULATION 1 MILE 3 MILE 8 MILE

2000 Population 59,103 407,580 2,493,739

2010 Population 57,071 415,280 2,528,258

2018 Population 58,771 432,692 2,649,584

2023 Population 59,888 442,190 2,726,400

2018 African American 427 29,068 408,881

2018 American Indian 860 4,088 23,231

2018 Asian 432 2,163 220,454

2018 Hispanic 57,285 395,761 1,882,260

2018 White 30,299 185,445 942,569

2018 Other Race 24,578 194,489 939,884

2018 Multiracial 2,155 17,189 109,245

2018-2023: Population: Growth Rate 1.90 % 2.20 % 2.85 %

2018 HOUSEHOLD INCOME 1 MILE 3 MILE 8 MILE

less than $15,000 2,245 16,346 130,173

$15,000-$24,999 2,451 15,656 103,934

$25,000-$34,999 1,985 13,614 90,122

$35,000-$49,999 2,373 16,803 112,291

$50,000-$74,999 2,213 17,333 127,664

$75,000-$99,999 1,386 9,639 73,874

$100,000-$149,999 1,278 8,143 72,288

$150,000-$199,999 296 1,701 24,686

$200,000 or greater 163 1,126 18,956

Median HH Income $37,421 $38,094 $40,839

Average HH Income $50,917 $50,286 $57,755

HOUSEHOLDS 1 MILE 3 MILE 8 MILE

2000 Total Housing 14,706 100,906 737,268

2010 Total Households 14,102 97,467 721,517



2018 Average Household Size 4.07 4.30 3.45

2000 Owner Occupied Housing 4,092 31,754 242,678

2000 Renter Occupied Housing 10,076 63,426 454,059



2018 Vacant Housing 755 6,001 52,963

2018 Total Housing 15,143 106,363 806,952



2023 Vacant Housing 829 6,328 54,061

2023 Total Housing 15,409 108,344 830,902

2018-2023: Households: Growth Rate 1.35 % 1.65 % 3.00 %

Source: esri


Demographic Charts | 37

1 Mile Radius 3 Mile Radius 8 Mile Radius

2018 Household Income

1 Mile Radius 3 Mile Radius 8 Mile Radius

2018 Population by Race


Demographic Charts | 38

2018 Household Occupancy - 1 Mile Radius

Average Income Median Income

2018 Household Income Average and Median


Edwin Voskanian, the owner of Voskanian Investment Group Inc, has been in the commercial real estateindustry for over 17 years as a commercial real estate broker. He began his career with Marcus &Millichap, a national investment real estate company, as an investment broker. Following the completionof a bachelor’s degree in Business Marketing from UNLV, Edwin began his ascent from Junior Agent to Associate and later to Senior Investment Associate, a highly distinguished position within the prestigiousMarcus & Millichap Real Estate Investment Company. Through his tenure, Edwin has trained thirteenJunior Agents and established his team, Voskanian Investment Group, Inc. The team initially consisted offour agents and two staff members, all trained by Edwin. The group excelled in sales ofinvestment properties, more specifically; industrial properties, retail properties, shopping centers andapartment buildings.

Additionally, Edwin has owned, operated and developed multi family and commercial real estate. However, his true passion lies inassisting industrial and retail property owners in creating value in their assets. Voskanian Investment Group, Inc. has to date,completed transactions spanning Retails Buildings, Shopping Centers, Apartment buildings, Office Buildings and Industrials Buildingstotaling over $340,000,000 in sales volume.

Voskanian Investment Group Inc. is focused on the sale of Industrial and Retail properties. We accomplish this by having a thoroughunderstanding of how to attain the highest possible prices, within a certain market, for apartment, industrial, retail and Landproperties. This includes what is standard in the brokerage community including our evaluation of a property.This evaluation uses sales comps and rental comparable for evaluation of commercial or multi-family asset based on the income andwhat similar properties have sold for in the area. However, given how dynamic commercial properties can be, we dig deeper. Wetake into account traffic counts and demographics to determine the worthiness of the site and the asset. We focus on the local tradearea which a property is located in, what industries and specific businesses are under or over supplied, in this trade area. These arejust a sample of the tools and methods we can use to truly extract the maximum value of a retail property we work on

Noteworthy Closings

PRODUCT TYPE NUMBER OF CLOSED

TRANSACTIONS

VOUME

Retail & Shopping Centers 51 $183,111,388

Apartments 67 $88,142,781

Office & Industrial 24 $74,017,500

Land/Development 8 $10,445,000

Bio | 39Zoe Avenue Medical Plaza


CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Voskanian Investment Group, Inc. and it should not be made available to any other person or entity without the written consent of Voskanian Investment Group, Inc..

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipientfurther agrees that recipient will not photocopy or duplicate any part of the offeringmemorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Voskanian Investment Group, Inc.. This offeringmemorandum has been prepared to provide summary, unverified financial andphysical information to prospective purchasers, and to establish only a preliminarylevel of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. Voskanian Investment Group, Inc. has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Voskanian Investment Group, Inc. has not verified, and will not verify, any of the information contained herein, nor has Voskanian Investment Group, Inc. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracyor completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

Exclusively Marketed by:

Edwin VoskanianLic: 01526505,01293659,01434190(818) [email protected]

zoe avenue medical plaza · 2020-06-04 · zoe avenue medical plaza contents dwin voskanian lic:...

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