3609 hayden avenue culver city, ca 90232 · 6059 bristol pkwy slauson ave vd nearby companies. site...
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3609 HAYDEN AVENUECULVER CITY, CA 90232
No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease are subject to change or withdrawal without notice.No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease are subject to change or withdrawal without notice.
1942-1944 W. JEFFERSON BLVDLOS ANGELES, CA 90018
JEFFERSON PARK DEVELOPMENT SITE
FOR SALE
6059 Bristol Pkwy Culver City, CA 90230
CULVER CITY OFFICE SPACE
FOR SALE
6059 BRISTOL PARKWAYCULVER CITY, CA 90230
± 12,100 SF Building
± 6,000 SF First Floor
± 6,000 SF Second Floor
$625 PSF
1st Floor Leased through January 31, 20242nd Floor Vacant
42 Allocated Parking Spaces
1980
CCC3E
• Office Spaces with Glass Offices and Conference Rooms• Centrally Located at the Foot of the Marina FWY with
Easy Access to the 405 Freeway and Adjacent to the Culver City Mall
• Great Natural Light• New Kitchens with Black Granite Counter Tops, Kitchen
Island and Stainless Steel Appliances
PREMISES
LEASED
AVAILABLE
PRICE
DELIVERY
PARKING
BUILT
ZONING
FEATURES
1508 17th Street, Santa Monica, CA 310.899.2700WWW.LEEWESTLA.COM | BRE 01222000No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease are subject to change or withdrawal without notice.
N
FIRST FLOOR PLAN- LEASED THROUGH JAN. 31, 2024
FIRST FLOOR
B
B
A
C
A
B
B
AA
DCG
E C
FC
2.1
1.0
3.0 3.0
4.0
5.0
2.0
6.0
2.2
7.0
7.0
SECOND FLOOR PLAN
*Similar Space *Similar Space
*Similar Space *Similar SpaceSECOND FLOOR
12,100 Square Feet
PURCHASE ASSUMPTIONS: LEASE ASSUMPTIONS:Per Sq. Ft.
Purchase Price $625.00 $7,562,500 Lease rate per square foot per month $3.00SBA Fees (Financed) $84,000 Lease rate per month $36,300Total Project Cost $7,646,500
START-UP COSTS START-UP COSTSCash down payment (10%) $756,250 Prepaid lease payment and security deposit $72,600
MONTHLY COSTS Per Sq. Ft. Amount MONTHLY COSTS Per Sq. Ft. AmountMonthly Payment $2.861 $34,614 Lease payment $3.000 $36,300Association Dues $0.180 $2,178 NNN Fees $0.550 $6,655Property Taxes $0.573 $6,932Insurance $0.063 $756Total Monthly Costs $3.676 $44,481 Total Monthly Costs $3.550 $42,955
MONTHLY OWNERSHIP BENEFITS MONTHLY LEASE BENEFITSPer Sq. Ft. Amount
Monthly Depreciation estimate $0.427 $5,171 Monthly depreciation estimate: $0.00Property Tax Benefit $0.229 $2,773 Property Tax Benefit $0.00Interest Deduction $0.662 $8,016 Interest Deduction $0.00Total Ownership Benefits $1.319 $15,960 Total Ownership Benefits $0.00
TOTAL EFFECTIVE MONTHLY COST $28,521 TOTAL EFFECTIVE MONTHLY COST $42,955
Benefits of owning include: equity growth, control of costs, cash flow, tax benefits, and retirement investment.
Property Taxes: Estimated at 1.1% of purchase priceInsurance: Based on $10,000 estimated property insurance.Depreciation: Estimated based upon 80% allocation of purchase price to building cost and 40% tax bracket. Property Tax Benefit and Interest Deduction: Estimated at 40% tax bracket.Owner's Equity: Estimated equity after 10 years would be $3,357,118 (assumes annual appreciation at 3%; plus initial equity injection).
Appreciation Benefits of OwnershipRate of Assumed Appreciation per Year 3%
Appr Value Year 1 7,789,375
Appr Value Year 5 8,767,010
Appr Value Year 10 10,163,368
Total Project Cost $7,646,500 Note that interest rates vary from month to month andCash down payment: 10% of Purchase Price $756,250 loan terms differ from one lender to another.Amount financed (includes SBA fees) $6,974,250 Monthly payment $34,614
• The SBA 504 program provides 90% financing by combining a loan from a regular bank for 50% of the total loan amount and a loan from the SBA for 40% of the total loan amount (plus financed SBA loan fees). The buyer provides a 10% cash down payment.
SBA Financing 1st Mortgage by Bank 2nd Mortgage by SBALoan Amount $3,781,250 $3,025,000Interest Rate 3.60% (estimate) 3.45% (Sep '19)Amortization in years 25 year amortization 25 year amortizationPercent of Total Loan Amount 50% of total 40% of totalLoan Fee $37,813 1.00% (estimate) $84,000 2.65% + $3,000 legal feeMonthly Payment $19,133 $15,481 (includes SBA fees)
Address: 6059 Bristol Parkway, Culver City, CA 90230Property Size:
For more information, please contact:
Carly Naples213-369-9947
• OWN • • LEASE •
• SBA 504 FINANCING PROGRAM •
LEASE VS. OWN COMPARISON
6059 BRISTOL PKWY
SLAUSON AVE
SEP
ULV
ED
A B
LVD
NEARBY COMPANIES
SITE PLANLasker Kim & Co. LLP
Consumer Affairs Bureau of Automotive
Repair
SCRIPTDASHFOR SALE
FOR SALE
Barkhordarian Law
BRE 01222000No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease are subject to change or withdrawal without notice.
F Ronald Rader, SIOR310.899.2743
[email protected] DRE 00452728
Alex Rivera310.899.2742
[email protected] DRE 010328712
Gage Danley310.899.2749
[email protected] DRE 02075191
1508 17th St, Santa Monica, CA 90404 I Lee & Associates West Los Angeles I DRE 01222000