lancaster, ca 93534 $695,000 · 2019. 7. 1. · $695,000 lrc3* $55,516 7.98% $119 3133-016-040...

$695,000Prime Medical Office Building

44424 10TH STREET WESTLANCASTER, CA 93534

TABLE OF CONTENTS

04 The Offering

05 Parcel Map & Plotted Lots

06 Maps

07 Area Map

08 Demographics

09 Property Units

16 About Agents

19 Compass Commercial

44424 10th Street West

COMPASS COMMERCIAL | LOS ANGELES 3Dario Svidler | Rick Torres | 10th Street Offering Memorandum

PROPERTY OVERVIEW



THE OFFERING

Price Zoning

CAP *One 36 Month OptionNOI

Price/Sq Ft

APN

$695,000 LRC3*

7.98%$55,516

$119

3133-016-0403133-016-039

AT A GLANCE RENT ROLL

ESTIMATED ANNUALIZED EXPENSES

Year Built 1959

Building Size 5,854 Sq Ft

Lot Size

22,500* Sq Ft (*about 2,000 Sq Ft of which is

a Street Easement)

Current Use Medical Office Building

Parking in Front and Back of Building

Parking in Front: 16± Spaces Parking in Back: 24± Spaces

Unit Sq Ft RentUtility Reimb

Total Monthly

Lease Term Possession

Lease Term Ended

Care1st / Promise Health Plan (Blue Shield of CA) 1 3,150 Sq Ft $3,600 $850 $4,450 11/31/2010 12/31/2022*

Therapist/Counseling 2 850 Sq Ft $865 $0 $865 5/13/2004 M-T-M

Foundation Labs (La Tara Inc.) 3 700 Sq Ft $690 $185 $835 10/15/2011 10/1/2021

Vacant 4 1,154 Sq Ft Market at $1,150 0 0 N/A

Taxes $9,383

Insurance $1,500

Electricity $13,367

Trash $2,849

Water $840

Pest $688

Repairs/Maintenance $1,500

Management $2,500

Total Expenses $32,627



PARCEL MAP & PLOTTED LOTS



MAPS



AREA MAPS



DEMOGRAPHICS - LARGEST AREA EMPLOYERS

POPULATION• 120,783 population in 2000, according to the U.S. Census

• 102.40 square miles

• 1,180 people per square mile, among the highest densities for the Antelope Valley but among the lowest den sities for the county

INCOME• $56,069 median household income (2008 dollars), low for the Antelope Valley but about average for the county

• In Los Angeles County, Lake Los Angeles, Northeast Antelope Valley and North Hills have the most similar household incomes.

• The percentage of households earning $40,000 to $60,000 is high for the county.

EDUCATION• 15.9% of residents 25 and older have a four-year degree, about average for the Antelope Valley and about average for the county

• In Los Angeles County, Bellflower, Pomona and Rosemead have the nearest percentage of residents 25 and older with a four-year degree.

• The percentages of residents 25 and older with a high school diploma and some college education are high for the county.

AGE• The median age is 31, young for the Antelope Valley but about average for the county

• In Los Angeles County, Avocado Heights, Bellflower and Canoga Park have similar median ages.

• The percentages of residents ages 11 to 18 and 10 or younger are among the county’s highest.

http://maps.latimes.com/neighborhoods/neighborhood/lancaster/

Military jobs dominate the scene in Lancaster, but there are plenty of job opportunities outside of service. Here’s a list of some of Antelope Valley’s largest employers and how many people they employ:

• Edwards Air Force Base, 11,990

• China Lake (Naval Air Weapons Station), 6,520 • Northrop-Grumman, 4,020

• Lockheed Martin Co., 3,000

• NASA Armstrong Flight Research Center, 1,218

• County of Los Angeles, 3,912

• Antelope Valley Hospital, 2,600

• Antelope Valley Union High School District, 2,500 • Other Public and Private Education Jobs, 8,808

• Kaiser Permanente, 1,030 • Antelope Valley Mall, 1,975

https://socalleadingedge.org/industries/



PROPERTY UNITS



UNIT 1

CARE1ST / PROMISE HEALTH PLAN (BLUE SHIELD OF CA)Primary & Urgent Care Center

General and Family Medicine, Pediatrics, Women’s Health and Pregnancy, routine and minor emergency care, etc.

Type of Business: Primary & Urgent Care Size of Unit: 3,150 SF



UNIT 1 - PHOTOS



UNIT 2

THERAPIST / COUNSELORLicensed Marriage and Family Therapist

Type of Business: CounselingSize of Unit: 850 SF



UNIT 2 - PHOTOS



UNIT 3

FOUNDATION LABS (LA TARA INC.)Clinical Laboratory Services with over 50 offices throughout Southern California.

Type of Business: Medical LabSize of Unit: 700 SF



VACANT

Size of Unit: 1,154 SF

UNIT 4



ABOUT AGENTS

COMPASS COMMERCIAL | LOS ANGELES 17

About Agent

Dario Svidler | Rick Torres | 10th Street Offering Menorandum

Dario SvidlerEVP, Regional Director

O 424. 324. 6304C 818. 653. [email protected] 01884474

Dario Svidler grew up with Real Estate all around him. Dario’s father, a Structural Engineer and practicing General Contractor, and his mother, an Architect, would take Dario to their job-sites all throughout his childhood.

With experience in all facets of the Construction and Real Estate Businesses, ranging from Commercial and Industrial to all types of Residential, Dario has sold in excess of $300 million in Real Estate and is well on his way to doubling that number.

Dario’s talent for finding Value-Add Properties has made him an indispensable asset to a select group of Clients and Investors looking to add higher-yielding properties to their portfolios.

Dario is a member of the Real Estate and Construction Division of the Jewish Federation and an alumnus of the American Jewish University.

mailto:dario%40svidlercre.com%20?subject=

https://svidlercre.com/

COMPASS COMMERCIAL | LOS ANGELES 18

About Agent

Dario Svidler | Rick Torres | 10th Street Offering Menorandum

Rick TorresAssociate Partner

o: 310.500.3935c: 310.849.7998

[email protected] 01946415

Of the many lessons taught to Rick by his mother, the one that continues to guide his professional career today is a simple one: do unto others as you would have them do unto you.

Born in Los Angeles, and raised in Beverly Hills and the Westside, Rick has an intimate knowledge of the local landscape and enjoys showing clients the ins and outs of the area. Whether it’s the best place to have french toast for breakfast, meet for power lunches, or simply to see the beautiful sunsets, Rick can show you.

After graduating from USC, Rick got his professional start in the mailrooms of CAA and William Morris Agency, where he learned the various aspects of the entertainment business. Rick started his real estate career when he joined his father in New York City to start building their family business in commercial real estate. He learned to operate and manage an office building on Park Avenue, along with the intricacies of negotiating leases. After conquering the fast-paced New York real estate market, Rick moved to South Florida where he owned and managed 12 commercial office buildings. Over the course of twenty years, he negotiated leases totaling hundreds of thousands of square feet and negotiated the purchase and sale of office buildings upwards of several hundred million dollars.

After sixteen years on the East Coast, Rick returned to his hometown of Los Angeles, successfully translating his commercial real estate experience into working with both buyers and sellers in the residential marketplace.

Rick’s love of helping people achieve their personal goals doesn’t stop at real estate. Fitness and exercise continue to play a big role in his life. As a certified Pilates instructor, Rick loves to lend fitness expertise to anyone who is interested, finding great moments of clarity while working out and learning a great deal of humility helping people transform their lives through fitness. It’s a valuable perspective that Rick brings to every real estate client.

Rick’s mother’s advice continues to guide his success today: do unto others as you would have them to unto you. While this sentiment is simple, it serves as the foundation on which he has built a business transforming the lives of the people who put their faith in him. Let Rick show you his Los Angeles.

mailto:rick.torres%40compass.com%20?subject=



COMPASS COMMERCIAL

COMPASS COMMERCIAL | LOS ANGELES 20Dario Svidler | Rick Torres | 10th Street Offering Menorandum

At Compass Commercial, our focus is to provide clients with comprehensive and superior, trustworthy services. This full spectrum of value-added services, from market research to ongoing advisory services, is offered to all commercial property types including multi-family, office, retail, industrial, land and development investments. Our services go much further than purchasing or selling an asset. Working with clients, we identify their real estate investment goals and work side by side to build a strategic real estate investment plan.

About Compass Commercial

Commercial Investment Services

The following outlines the distinctive platform of transaction and consultative services we offer our clients:

Acquisitions-Commercial Properties

We specialize in identifying underperforming investment opportunities. We provide accurate and reliable evaluation of an asset’s performance relative to other real estate and non-real estate investment alternatives. Using our financial analysis, investment alternatives are scrutinized for projected cash flow, residual values at risk.

Dispositions-Commercial Properties

Maximizing an asset’s value by developing individualized marketing plans is our area of expertise.

Commercial Leasing Services We specialize in office, retail, and creative space.

Advisory Services

Asset management - We provide a comprehensive real estate investment analysis to maximize the investment return by determining if the asset should be sold, refinanced, renovated, or held.

Market Research

We have access to the latest commercial real estate information and trends that are essential in making informed decisions. This includes researching and analyzing competitive properties, prevailing market conditions, and building occupancy.

Our Services

COMPASS COMMERCIAL | LOS ANGELES 21Dario Svidler | Rick Torres | 10th Street Offering Menorandum

CONFIDENTIALITY AND DISCLAIMER

The information contained in the offering is confidential, furnished solely for the purpose of review by a prospective purchaser of the subject property. The material is based in part upon information supplied and in part upon information obtained by Compass Commercial from sources it deems reasonably reliable. No warranty or representation, expressed or implied, is made by the owner, Compass Commercial, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or any other written or oral communication transmitted to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other communications. Without limiting the generality of the foregoing, the information shall not be deemed a representation of the state of affairs of the subject property or constitute an indication that there has been no change in the business or affairs of the subject property since the date of preparation of the information. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site.

The Offering Memorandum was prepared by Compass Commercial. It contains select information pertaining to the subject property and does not purport to be all inclusive or to contain all of the information which a prospective purchaser may desire. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation. An opportunity to inspect the subject property will be made available to qualified prospective purchasers.

In the Offering certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents.

The Offering is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Compass Commercial or the owner. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the subject property described herein.

The owner and Compass Commercial expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offer to purchase the subject property and/or to terminate discussions with any party at any time with or without notice. The owner shall have no legal commitment or obligation to any interested party reviewing the Offering or making an offer to purchase the subject property unless a written agreement for the purchase of the subject property has been fully executed and delivered by the owner and such party and any conditions to the owner’s obligations there under have been satisfied or waived and then only to the extent expressly provided for therein. Compass Commercial is not authorized to make any representations or agreements on behalf of the owner.

For more information please contact our exclusive sales agents:

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

DARIO SVIDLEREVP, Regional Director

O 424. 324. 6304C 818. 653. [email protected] DRE 01884474

RICK TORRESAssociate Partner

O 310. 500. 3935C 310. 849. 7998

[email protected] 01946415

mailto:dario%40svidlercre.com%20?subject=

https://svidlercre.com/

mailto:rick.torres%40compass.com%20?subject=

lancaster, ca 93534 $695,000 · 2019. 7. 1. · $695,000 lrc3* $55,516 7.98% $119 3133-016-040...

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