new construction retail for lease 2864 e...

2864 E Florence Ave

OFFICES NATIONWIDEwww.marcusmillichap.com

Presented by:

The Moonstar Group

Richard TovarASSOCIATE

LOS ANGELESTel: (213) 943-1784Fax: (213) 943-1810Mobile: (626) [email protected] License: CA 02007857

Moon LimSENIOR ASSOCIATE NATIONAL OFFICE & INDUSTRIAL PROPERTIES GROUPNATIONAL RETAIL GROUP

LOS ANGELESTel: (213) 943-2056Fax: (213) [email protected] License: CA 01903050

NEW CONSTRUCTION RETAIL FOR LEASE

5,949 SF OF RETAIL SPACE ON 17,533 SF LOT

NEIGHBORING RETAILERS

Features:

- New construction six unit retail space totaling 5,949 SF

- Signalized coner intersection with 43,758 Average Daily Traffic

- Dense residential community

- Space ranges from 652 SF - 1,434 SF

Demography(2016):1-Mile: 69,525 (Average HH Income: $45,865)3-Mile: 416,62 (Average HH Income: $45,453)5-Mile: 1,065,852 (Average HH Income: $45,938)

For Lease:Contact Broker

HIGHLIGHTS

P1This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap


5,949 SF OF RETAIL SPACE ON 17,533 SF LOT2864 E Florence Ave


Presented by:

The Moonstar Group





SPACE LAYOUT

P1This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap

2864 E Florence Ave


Presented by:

The Moonstar Group







LOCAL OVERVIEW

2864 E Florence Ave


Presented by:

The Moonstar Group







Project SummaryPLAN MAP

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap

MARKET AND PROPERTY ANALYSIS


Presented by:

The Moonstar Group






5,949 SF OF RETAIL SPACE ON 17,533 SF LOT2864 E Florence Ave

2016 HOUSEHOLDS BY INCOME 1-MILE 3-MILES 5-MILES

<$25,000 6,164 34,389 92,552

$25,000 - $50,000 5,432 30,823 77,882

$50,000 - $75,000 2,739 16,849 42,848

$75,000 - $100,000 1,520 8,809 22,159

$100,000 - $125,000 943 4,251 10,946

$125,000 - $150,000 320 1,733 4,721

$150,000 - $200,000 171 1,246 3,767

$200,000+ 73 366 1,583

2016 Average Household Income $45,865 $45,543 $45,938

2016 Median Household Income $34,594 $35,592 $35,030

HOUSEHOLDS 1-MILE 3-MILES 5-MILES

2021 Projection 17,834 101,098 263,386

2016 Estimate 17,361 98,466 256,459

2010 Census 17,062 97,061 252,437

Growth 2016 - 2021 2.72% 2.67% 2.70%

Growth 2010 - 2016 1.75% 1.45% 1.59%

Owner Occupied 5,405 33,137 89,887

Renter Occupied 11,956 65,329 166,572

POPULATION 1-MILE 3-MILES 5-MILES

2021 Projection 71,288 427,598 1,093,966

2016 Estimate 69,525 416,962 1,065,852

2010 Census 68,918 413,054 1,051,007

Growth 2016-2021 2.54% 2.55% 2.64%

Growth 2010-2016 0.88% 0.95% 1.41%

2016 Population Hispanic Origin 67,652 (98.16%) 382,165 900,540

2016 ANNUAL SPENDING ($000S) 1-MILE 3-MILES 5-MILES

Total Specified Consumer Spending $423,394 $2,471,378 $6,368,347

Total Apparel $31,760 $189,037 $484,379

Total Entertainment & Hobbies $27,500 $160,486 $420,032

Total Food and Alcohol $130,365 $756,179 $1,929,464

Total Household Items $42,371 $247,129 $655,654

Total Transportation/Maint. $127,861 $748,406 $1,915,006

Total Health Care $19,727 $110,502 $282,452

Total Education/Day Care $22,433 $132,950 $344,949

DEMOGRAPHICS

new construction retail for lease 2864 e...

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