G R O U P

BRANDON MICHAELS

www. BrandonMichaelsGroup.com

VAN NUYS, CA 91405

6650 VAN NUYS BOULEVARD

EXCLUSIVELY LISTED BY

BRANDON MICHAELSSenior Managing Director InvestmentsSenior Director, National Retail GroupTel: (818) 212-2794bmichaels@marcusmillichap.comLicense: CA #01434685www.BrandonMichaelsGroup.com

JUSTIN RAPPELInvestment AssociateNational Retail GroupTel: (818) 212-2732justin.rappel@marcusmillichap.comLicense: CA #01908799www.BrandonMichaelsGroup.com G R O U P

BRANDON MICHAELS

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PROPERTY INFORMATION

Address 6650 Van Nuys Boulevard,Van Nuys, CA 91405

Property Type Retail

Gross Square Feet 6,253 SF

Lot Size 10,000 SF

APN 2237-001-010

Year Built 1946

Type of Ownership Fee Simple

FINANCIAL INFORMATION

Asking Price $1,500,000

Price/SF $239.88

Current CAP Rate 3.29%

ProForma CAP Rate 6.16%

Price/SF (lot) $150.00

Marcus & Millichap has been selected to exclusively market for sale 6650 Van Nuys Boulevard, 6,253 SF storefront retail building situated on 10,000 SF of land in Van Nuys, CA. The subject property is ideally located just south of the southeast corner of Van Nuys Boulevard and Vanowen Street.

6650 Van Nuys Boulevrad is located on Van Nuys Boulevard, a main north south thoroughfarethrough Van Nuys. There are a number of national tenants in the immediate area, including 99 Cents Only Stores, Bank of America, El Pollo Loco, Subway, 7-Eleven, and more.

6650 Van Nuys Boulevard offers a unique Southern California value add opportunity or owner-user opportunity. The current tenant is on a month-to-month-lease. 6650 Van Nuys Boulevard has excellent visibility with 50 feet of frontage on Van Nuys Boulevard.

Van Nuys is a neighborhood in the San Fernando Valley. It is home to the Van Nuys Airport, and home to over 100,000 residents. The average household income within a five mile radius is $75,957.

PROPERTY OVERVIEW

EXECUTIVE SUMMARY

PROPERTY OVERVIEWHIGHLIGHTS

PLAT MAP

• 6,253 SF store-front ideally located on Van Nuys Boulevard, a major north/south thoroughfare through the San Fernando Valley

• Unique value-add or owner-user opportunity as current tenant is on a month-to-month lease

• Close proximity to the 405 San Diego Freeway and the 101 Ventura Freeway

• Multiple national tenants in the immediate area including 99 Cents Only Store, El Pollo Loco, Wells Fargo Bank, 7-Eleven, Subway, Starbucks

• High traffic location with over 33,884 vehicles per day on Van Nuys Boulevard

• Dense immediate population and strong foot traffic

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INCOME AND EXPENSE CURRENT PROFORMA

Scheduled Lease Income: $69,600 $112,554

Effective Gross Income: $69,600 $112,554

Expenses: $20,189 $20,189

Net Operating Income: $49,411 $92,365

EXPENSES* ANNUAL PER SF

Taxes: 1.25% $18,000 $2.88

Insurance $2,189 $0.35

Total $20,189 $3.23

ANNUALIZED OPERATING DATA

RENT ROLL

Sales Price $1,500,000

Current CAP Rate 3.29%

ProForma CAP Rate 6.16%

Price/SF (bldg) $239.88

Price/SF (land) $150.00

Building SF 6,253

Land SF 10,000 SF

PRICING

FINANCIAL ANALYSIS

TENANT SF % LEASE EXP RENT/MONTH RENT/MO/SF PF RENT/MO PF RENT/MO/SF

Appliance Store 6,253 100% M-2-M $5,800.00 $0.93 $9,379.50 $1.50

Total 6,253 100% - $5,800.00 $0.93 $9,379.50 $1.50

PROPERTY INFORMATIONLOCATION6650 Van Nuys Boulevard, Van Nuys, CA 91405

SITEThe subject property is located north of the northeast corner of Van Nuys Boulevard and Kittridge Street.

SQUARE FOOTAGESThe Subject Property consists of a retail building of 6,253 SF on a 10,000 SF lot.

FRONTAGE AND ACCESS50 feet of frontage on Van Nuys Boulevard.

YEAR BUILTThe property was built in 1946.

ZONINGThe property is zoned LAC2.

TRAFFIC COUNTSVan Nuys Boulevard: 33,884 vehicles per dayKittridge Street: 7,529 vehicles per day

PARKING6 surface spaces in the rear of the property

*Expenses are based on industry standard

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SALES COMPARABLES PRICE/SF

# ADDRESS SALES PRICE PRICE/SF BLDG SF LOT SF CLOSE OF ESCROW

CAP RATE

1 6569-6581 Van Nuys Boulevard, Van Nuys $5,500,000.00 $221.22 24,862 56,249 2/18/2016 5.00%

2 7305 Van Nuys Boulevard, Van Nuys $1,300,000.00 $242.90 5,352 10,694 4/28/2017 -

3 14438 Victory Boulevard, Van Nuys $1,060,000.00 $265.00 4,000 6,499 2/2/2016 -

4 6000 - 6006 Woodman Avenue, Van Nuys $1,726,000.00 $216.48 7,973 10,842 12/2/2016 7.31%

Average $2,396,500.00 $236.40 10,547 21,071 6.16%

$221.22

$242.90

$265.00

$216.48

$236.40

$-

$50.00

$100.00

$150.00

$200.00

$250.00

$300.00

6569-6581 Van NuysBoulevard, Van Nuys

7305 Van Nuys Boulevard,Van Nuys

14438 Victory Boulevard, VanNuys

6000 - 6006 WoodmanAvenue, Van Nuys

Average

SALES COMPARABLES

6000-6006 Woodman AvenueSales Price $1,726,000Price/SF $216.48

7305 Van Nuys Boulevard, Sales Price $1,300,000Price/SF $242.90

6569-6581 Van Nuys BoulevardSales Price $5,500,000Price/SF $221.22

14438 Victory Boulevard,Sales Price $1,060,000Price/SF $265.00

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SALES COMPARABLES

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AREA OVERVIEW AREA OVERVIEW

Van Nuys is a neighborhood in the central San Fernando Valley region of the city of Los Angeles, California. Van Nuys is bordered on the north by North Hills, on the northeast by Panorama City, on the east by Valley Glen, on the south by Sherman Oaks, on the southwest by the Sepulveda Basin, on the west by Lake Balboa and on the northwest by Northridge. Its street and other boundaries are Roscoe Boulevard on the north, Sepulveda Boulevard, the Tujunga Wash, Woodman Avenue and Hazeltine Avenue on the east, Oxnard Street on the south, the Sepulveda Basin on the southwest and Odessa and Hayvenhurst Avenues and Balboa Boulevard on the west.

Van Nuys Airport, the busiest general aviation airport in the world, the 25th busiest airport in the United States, and among the 20 busiest airports in the world by aircraft movements, is located in Van Nuys. Van Nuys has two Metro Orange Line stations, the Van Nuys (Los Angeles Metro station), and the Sepulveda (Los Angeles Metro station).

NOTABLE LOCATIONS• Van Nuys Airport

• Van Nuys Boulevard

• Metro Orange Line bicycle path

• Van Nuys FlyAway Bus service

• Sound City Studios

• Sherman Oaks Galleria

• Westfield Fashion Square

VAN NUYS, CA MAJOR EMPLOYERS IN SAN FERNANDO VALLEYHospitalsProvidence Tarzana Medical Center has served a rapidly growing San Fernando Valley community since 1973. The 249-bed hospital is known in the area as a leading source for quality care, delivering babies, providing emergency life-saving care and performing surgeries and other procedures to improve patients’ health. In 2008, Providence Health & Services purchased Tarzana hospital and converted it to a non-profit organization, adding outreach programs to care for the under-served in our community. Providence Tarzana has received numerous awards from leading national healthcare quality rating organizations. Other nearby hospitals and medical centers include the Northridge Hospital Medical Center (409 beds), Kaiser Permanente Woodland Hills Medical Center (175 beds), Sherman Oaks Hospital (99 beds), and Encino Hospital Medical Center (150 beds).

Warner CenterThe newly approved Warner Center Plan encourages greater density with an additional 20,000 residential units and 49,000 jobs. It is forecasted that 14 million square feet of commercial uses will be added to the area over the coming years. The former Rocketdyne site, is slated for a three billion dollar development by United Technologies Corporation and Boston Global.

Van Nuys AirportVan Nuys Airport, plays a crucial role in the Southern California airport system, ranking among the world’s busiest general aviation airports. Serving an estimated 320,000 annual visitors, the 730-acre airport contributes more than $1.3 billion per year to the Southern California economy, supporting over 12,300 jobs, and generating an earnings impact of $707 million. A $10 million, 6-acre development expansion project known as the “South Campus” is slated for completion in 2016.

Colleges and UniversitiesPierce College in Woodland Hills, and California State University, Northridge (CSUN) are both located within close proximity to 19634 Ventura Boulevard. CSUN is a 356-acre campus with more than 4,000 faculty and staff, offering 129 degree programs to over 38,300 students. Pierce College is a two-year public college on a 426-acre campus serving 21,000 students. Other area colleges and universities include: University of California, Los Angeles (43,240 students), University of Southern California (41,000 students), and Loyola Marymount University (9,400 students).

VAN NUYS DEMOGRAPHICS

1 MILE 3 MILES 5 MILES

2014 Population 47,037 337,199 746,556

2014 Households 14,682 106,405 246,620

2014 Average Household Size 3.15 3.13 2.99

2014 Daytime Population 14,425 101,898 226,830

2014 Owner Occupied Housing Units 27.00% 34.72% 42.26%

2014 Renter Occupied Housing Units 73.00% 65.28% 57.74%

2014 Vacant 3.23% 2.32% 2.15%

$ 0 - $14,999 11.9% 10.6% 10.5%

$ 15,000 - $24,999 12.4% 10.4% 9.9%

$ 25,000 - $34,999 14.4% 13.6% 13.6%

$ 35,000 - $49,999 18.3% 19.0% 17.6%

$ 50,000 - $74,999 11.6% 12.1% 11.8%

$ 75,000 - $99,999 8.4% 9.0% 8.6%

$100,000 - $124,999 3.9% 4.9% 5.3%

$125,000 - $149,999 2.5% 4.4% 5.3%

$150,000 - $199,999 0.9% 1.7% 2.3%

$200,000 - $249,999 1.5% 3.0% 4.0%

$250,000 + 23.0% 7.5% 5.9%

2014 Median Household Income $35,845 $42,336 $49,203

2014 Per Capita Income $16,895 $20,089 $25,225

2014 Average Household Income $53,463 $63,210 $75,957

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AREA OVERVIEWSAN FERNANDO VALLEY HIGHLIGHTS

� About 2.5 million residents in the San Fernando Valley

� Population growth projected of 45,000 new residents by 2019 in the San Fernando Valley

� Strong ties to the entertainment industry – Home of Walt Disney Company, Universal Studios, Warner Brothers, DreamWorks and Paramount Ranch

� Local motion picture and entertainment companies employ roughly 25,000 people

� Aerospace (Boeing & Northrop Grumman) Insurance (21st Century Insurance) and Healthcare (Kaiser Permanente and Providence Health & Services) industries also generate numerous well-paying jobs

� Substantial income growth since 2000

� Home ownership rate is near 50% and large rental base

SAN FERNANDO VALLEYAlmost 2.5 million people reside in the San Fernando Valley, which includes the submarkets of Northridge-Northwest San Fernando Valley, Van Nuys-Northeast San Fernando Valley, Woodland Hills, Burbank-Glendale-Pasadena and Sherman Oaks-North Hollywood-Encino. The area’s population is expected to increase by 1.9 percent through 2020, or by 47,400 new residents.

Known for its entertainment industry, the Valley boasts more than 100 soundstages. Entertainment giants calling the Valley home include Walt Disney Co., Universal Studios, Warner Brothers, DreamWorks and Paramount Ranch. The entertainment industry continues to set the area’s economic pulse. Local motion-picture and entertainment companies employ roughly 25,000 people.

While the Valley has grown into the world’s center for entertainment, aerospace giants Boeing and Northrop Grumman and 21st Century Insurance also generate numerous well-paying jobs. Healthcare is also a major source of employment with providers that include Kaiser Permanente and Providence Health & Services. As a result of its large concentration of high-salaries and successful companies, the area’s median household income of$61,600 per year has risen dramatically in recent years.

Although the median home prices dipped during the recession, affordability remains a challenge for much of the local population. High home prices keep the homeownership rate at 50 percent in the San Fernando Valley and provide a large rental base.

AREA OVERVIEWSAN FERNANDO VALLEY MAJOR EMPLOYERS

Services 47%

Retail Trade 17%

Manufacturing 9%

Finance, Insurance & Real Estate 8%

Wholesale Trade 5%

Public Administration 5%

Transportation, Communications 5%

Construction 5%

SFV SHARE OF TOTAL EMPLOYMENT

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EXCLUSIVELY LISTED BY

BRANDON MICHAELSSenior Managing Director InvestmentsSenior Director, National Retail GroupTel: (818) 212-2794Fax: (818) 212-2710bmichaels@marcusmillichap.comLicense: CA #01434685

G R O U P

BRANDON MICHAELS

G R O U P

BRANDON MICHAELS

JUSTIN RAPPELInvestment AssociateNational Retail GroupTel: (818) 212-2732justin.rappel@marcusmillichap.comLicense: CA #01908799

www. BrandonMichaelsGroup.com