1111 E. 16th Street, Los Angeles, CA 90021
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1 1111 E. 16th Street, Los Angeles, CA FOR SALE INDUSTRIAL SPACE 811 Wilshire Blvd Suite #1010 Los Angeles, CA FRANK LAHIJANI O: C: MARK ZAKARIAN, CCIM T: C: ZACH TONKS T: C: global-cre.com
2 Table of Contents 1111 E. 16th Street & 1518 Paloma Street, Los Angeles, CA PROPERTY INFORMATION 3 ADDITIONAL PHOTOS 5 LOCATION INFORMATION 9 DEMOGRAPHICS 11 All materials and information received or derived from Global Commercial Real Estate its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither Global Commercial Real Estate its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. Global Commercial Real Estate will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. PRESENTED BY Frank Lahijani, Chairman Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Global Commercial Real Estate makes no warranties and/ or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Global Commercial Real Estate does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Global Commercial Real Estate in compliance with all applicable fair housing and equal opportunity laws. 811 WILSHIRE BLVD, SUITE #1010 LOS ANGELES, CA GLOBAL-CRE.COM
3 SECTION 1 PROPERTY INFORMATION FOR SALE INDUSTRIAL SPACE 811 Wilshire Blvd Suite #1010 Los Angeles, CA global-cre.com
4 PROPERTY INFORMATION Executive Summary 1111 E. 16th Street, Los Angeles, CA OFFERING SUMMARY Sale Price: Subject To Offer Price / SF: - Lot Size: 43,269 SF Year Built: 1964 Building Size: 31,104 SF Renovated: 1990 Zoning: LAM2 PROPERTY OVERVIEW Excellent Opportunity in the Heart of Downtown Los Angeles - Heavy Power 800a/240v/3 phase - 12ft ceiling height - Built in % Occupied (MTM tenants) LOCATION OVERVIEW The subject property is located in the San Pedro Wholesale District. It has direct access to all major freeways including I-10 FWY frontage. As the location is also in proximity to both the Arts District and South Park it provides an ideal situation for anyone looking to be in the Downtown market. Rental income on the property provides income for anyone looking at this asset as an investment or a holdover until a user eventually settles into the property. Depending on the tenant, rental increases range from 3-5% annually.
5 SECTION 2 ADDITIONAL PHOTOS FOR SALE INDUSTRIAL SPACE 811 Wilshire Blvd Suite #1010 Los Angeles, CA global-cre.com
6 ADDITIONAL PHOTOS Additional Photos 1111 E. 16th Street & 1518 Paloma Street, Los Angeles, CA 90021
7 ADDITIONAL PHOTOS Additional Photos 1111 E. 16th Street & 1518 Paloma Street, Los Angeles, CA 90021
8 ADDITIONAL PHOTOS Additional Photos 1111 E. 16th Street, Los Angeles, CA 90021
9 ADDITIONAL PHOTOS Additional Photos 1111 E. 16th Street, Los Angeles, CA 90021
10 ADDITIONAL PHOTOS Additional Photos 1111 E. 16th Street, Los Angeles, CA 90021
11 SECTION 3 LOCATION INFORMATION FOR SALE INDUSTRIAL SPACE 811 Wilshire Blvd Suite #1010 Los Angeles, CA global-cre.com
12 LOCATION INFORMATION Location Maps 1111 E. 16th Street, Los Angeles, CA WILSHIRE BLVD, SUITE #1010 LOS ANGELES, CA GLOBAL-CRE.COM
13 SECTION 4 DEMOGRAPHICS FOR SALE INDUSTRIAL SPACE 811 Wilshire Blvd Suite #1010 Los Angeles, CA global-cre.com
14 DEMOGRAPHICS Demographics Map 1111 E. 16th Street, Los Angeles, CA POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 29, ,586 1,276,220 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 7, , ,481 # OF PERSONS PER HH AVERAGE HH INCOME $39,628 $37,347 $43,254 AVERAGE HOUSE VALUE $377,600 $429,310 $459,343 * Demographic data derived from 2010 US Census 811 WILSHIRE BLVD, SUITE #1010 LOS ANGELES, CA GLOBAL-CRE.COM
15 BROKER TEAM PAGE Broker Team Page 1111 E. 16th Street & 1518 Paloma Street, Los Angeles, CA FRANK LAHIJANI President & CEO T: C: BRE # MARK ZAKARIAN,CCIM Senior Associate T: C: BRE # ZACH TONKS Sales Associate T: C: BRE # WILSHIRE BLVD, SUITE #1010 LOS ANGELES, CA GLOBAL-CRE.COM
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