11403 W. WHITTIER BLVD - images2.loopnet.comimages2.loopnet.com/d2/SncsDa5HV3NEyaPbBPHXkT3u3PRKkLM8VM… · 11403 W. Whittier Blvd Area Overview 11403 W. Whittier Blvd Whittier, California

Edwin Voskanian | [email protected] | Lic. 01526505 11403 W. WHITTIER BLVD

11403 W. Whittier BlvdWhittier, CA 90601

11403 W. Whittier Blvd

INVESTMENT SUMMARY

Investment Overview

Regional Map

AREA OVERVIEW

Local Map

City Overview

County Overview

Aerial Map

PROPERTY DESCRIPTION

Property Details

3D Map

FINANCIALS

Offering Summary

EXCLUSIVELY MARKETED BY :

Voskanian Investment Group

Edwin Voskanian818.303.9903

[email protected]

Lic. 01526505


Investment Summary

11403 W. Whittier BlvdWhittier, California 90601

The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy. 3

Investment SummaryPrice $1,200,000Occupancy 0.00%Land Area 19,089 Sq. Feet

Investment HighlightsThe City of Whittier was selected as the Most Business Friendly City in Los●

Angeles County by the Los Angeles County Economic DevelopmentCorporation in November 2012.Property consists of two parcels (11403 W. Whittier Blvd. & 11416 Broadway●

Blvd.)Located just a few blocks off the 605 Freeway.●

Combined traffic count of over 44,000 cars per day at this intersection.●

Priced at only $62 PSF for a rare, vacant signalized corner.●

Mobil and Starbucks located directly across the street.●

Excellent opportunity to develop a pad for fast food.●

Investment DescriptionThe subject property is two parcels of vacant land totaling 19,089 square feet.Located on the corner of Whittier Boulevard and Broadway Boulevard, theproperty has a combined traffic count of over 44,000 cars per day. Priced atonly $62 per square foot for a rare, vacant parcel on a signalized corner. Theproperty is in close proximity to national credit tenants like Mobil, Starbucks,Walgreens, Pizza Hut, Travelodge, and Dollar Tree. The Metro bus line runsalong Whittier Boulevard and a newly updated bus shelter is just 1/2 blockaway. Whittier is one of the most desirable areas in Southern California andhas a thriving business community.


Investment Summary



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Area OverviewCity Overview - WhittierWhittier is located in Los Angeles County, about 12 miles southeast of the Cityof Los Angeles. The City covers 14.8 square miles and has an estimatedpopulation of 88,341. Businesses and industries in the area include 374professional services, 868 retail stores, 202 family-type restaurants, 36manufacturing plants, 8 hotels and motels, 2 new automobile dealerships andover 249 specialty shops and boutiques, predominantly located in UptownWhittier, the Quad shopping mall, as well as the Whittwood Town Center.

Founded in 1887 as a Quaker Colony, Whittier is a city rich with traditions andhistory, a convenient location and a small town feel. A strong sense of thisheritage, which stresses the protection of landmark structures and sites, isshared by the people who call Whittier home. Whittier’s unique combination ofcommunity identity, spirit and cooperation have helped make it one of themost attractive and desirable residential and business locations in SouthernCalifornia.

In the next few years, the City will be investing millions of dollars oninfrastructure in Uptown and along Whittier Boulevard with $25,954,451 inredevelopment bond funds to implement infrastructure improvements for thehistoric Uptown business district and the Fred C. Nelles development project,Whittier’s largest development opportunity in over half a century. Theaward-winning Whittier Greenway Trail will soon be extended eastward 2.8miles to the Orange County line, allowing many more neighborhoods directaccess to this outdoor recreation, exercise, and travel pathway.

The City of Whittier was selected as the Most Business Friendly City in LosAngeles County by the Los Angeles County Economic DevelopmentCorporation in November 2012. Whittier was also ranked in the “2014 Top 100Most Livable Cities” in the entire United States. After reviewing over 1,700cities across the nation on independent data points, the City of Whittier isamong the best, according to Livability.com. Additionally, Whittier has twicebeen selected by the National Civic League as a finalist for the nationwideAll-America City Award.

County OverviewThe most heavily populated county in the country is Los Angeles County withapproximately 9.9 million people, including about 1 million that live inunincorporated areas of the county. The metropolis - formed by the sixneighboring counties of Los Angeles, Ventura, Kern, San Bernardino,Riverside, and Orange - is home to approximately 19 million residents. LosAngeles County is home to one of the most educated labor pools in thecountry and offers a labor force of more than 4.7 million, of which more than1.5 million are college graduates. Los Angeles County has the largest


Area Overview



population of any county in the nation, exceeded only by eight states.According to the United States Conference of Mayors, Los Angeles Countyboasts a GDP among the twenty largest in the world. Los Angeles County’scontinued economic growth, in contrast to other areas of the state and nation,is due to its diversified economy and abundant, well-trained workforce.

Los Angeles County is well located on the Southern Coast of the California,and covers 4,061 square miles, including the San Clemente and SantaCatalina islands. The County is comprised of approximately 88 vibrant anddiverse cities hosting more than 244,000 business establishments— thegreatest concentration in the state. Los Angeles County has a Gross DomesticProduct (GDP) of approximately $446 billion - placing it among the top 20economies in the world. The combined GDP of Los Angeles and its fivesurrounding neighboring counties places it in the top 10. California is generallyconsidered to be in the top five.

If Los Angeles County were its own nation, its economy would be the 18thlargest in the world. It is home to more than 244,000 businesses, with moreminority and women owned businesses than any other in the nation and is thenation’s top international trade center and manufacturing center. Los Angelesis recognized worldwide as a leader in entertainment, health sciences,business services, aerospace and international trade. Because the LosAngeles area is so large and diverse, it has something to offer to everyone.While Hollywood and the Los Angeles beach culture are part of our collectiveimage of Los Angeles, the city also has more museums than any other cityand some of the best hotels in the world are located in Los Angeles.

Over the years, Los Angeles County has developed a diverse economic base,supported by a number of Fortune 500 companies with headquarters in thearea, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTVGroup, Northrop Grumman, Computer Sciences, KB Home, Health Net, Mattel,and Avery Dennison. Key factors positively impacting the region’s economicposition include increased local media production by the entertainmentindustry and a continuing expansion of import flows. Moreover, growth inaerospace, homeland security and in the private business sector havecontributed positively to the County's economy. Los Angeles' well educatedlabor pool, many universities, wonderful climate, and world class infrastructurewill enable Greater Los Angeles to continue to be a world leader in economicand cultural significance.

County HighlightsLos Angeles County is the world’s 18th largest economy.●

Los Angeles part of the "Tech Coast" and is regarded as the of the main●

entrepreneurial regions of the world. It has approximately 200,000 smallbusinesses, which is twice as many small businesses as can be found in any

other region of the United States.If Los Angeles' five county area were a state, it would be the fourth largest in●

the United States.Los Angeles has more than 80 stage theaters and 300 museums, more than●

any other U.S city.


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Property Description



Property DetailsAddress 11403 W. Whittier Blvd

Whittier, California90601

Land Area 19,089 Sq. FeetAssessors Parcel Number 8140-001-030

Site

Site DescriptionThe subject property is two parcels of vacant land totaling 19,089 square feet.

Located on the corner of Whittier Boulevard and Broadway Boulevard, theproperty has a combined traffic count of over 44,000 cars per day.

Area RetailersThe property is in close proximity to national credit tenants like Mobil,Starbucks, Walgreens, Pizza Hut, Travelodge, and Dollar Tree.


Financials



Financial

Offering Summary

Price $1,200,000Land Area 19,089 Sq. FeetOccupancy 0.00%

CONFIDENTIALITY AND DISCLAIMER

The information contained in this Offering Memorandum (“Memorandum”) is proprietary and strictly confidential; it is intended to be reviewed only by the party receiving it from Broker and should notbe made available to anyone else without the written consent of Broker. By retention or use of this Memorandum, you agree that its contents are confidential, that you will hold it in the strictestconfidence, and that you will not disclose any of its contents contrary to these terms.

This Memorandum has been prepared to provide summary, unverified information to establish a preliminary level of interest in the subject property (“Property”). The information in this Memorandumhas been obtained from sources Broker believes to be reliable; however, Broker has not conducted sufficient investigation to make any warranty or representation whatsoever including but not limitedto the accuracy or completeness of the information, veracity or accuracy of the information, condition of the Property or its compliance or lack of compliance with applicable governmentalrequirements, developability, suitability or financial performance of the Property, income or expenses for the Property, the size and square footage of the Property and improvements, the presence orabsence of contaminating substances, PCB’s or asbestos, the compliance with State or Federal regulations, the physical condition of the improvements thereon, or the financial condition or businessprospects of any tenant or any tenant’s plans or intentions to continue occupancy of the Property. The Memorandum has selected information relating to the Property and does not purport to be an all- inclusive representation regarding the Property or to contain all or part of the information which prospective investors may require to evaluate the purchase of the Property. Additional information andan opportunity to investigate the Property will be made available to interested and qualified prospective purchasers. All information is based on assumptions relating to the general economy, marketconditions, competition and other factors beyond the control of Broker, therefore, all information is subject to material variation. The information contained herein is not a substitute for a thorough duediligence investigation. Interested parties are expected to review all information of whatever nature independently and not rely on the contents of this Memorandum in any manner.

The Property owner (“Owner”) expressly reserves the right, at its sole discretion, to reject any or all offers to purchase the Property, and/or to terminate discussions at any time with or without notice.The Owner shall have no legal commitment or obligation unless and until written agreement(s) have been fully executed, delivered and approved by the Owner and any conditions to the Owner’sobligations therein have been satisfied or waived.

Exclusively Marketed By:

Voskanian Investment Group

Edwin Voskanian

818.303.9903

[email protected]

Lic. 01526505

Documents

11403 W. WHITTIER BLVD - images2.loopnet.comimages2.loopnet.com/d2/SncsDa5HV3NEyaPbBPHXkT3u3PRKkLM8VM… · 11403 W. Whittier Blvd Area Overview 11403 W. Whittier Blvd Whittier, California