SEC FOOTHILL BLVD. & GOULD AVE. 458-468...Foothill Blvd. & Gould Ave. is the best intersection in the City of La Canada, providing excellent customer traffic throughout the day and

Irreplaceable Real Estate Excellent Visibility & Curb Appeal Multi-Tenant NNN Leases

SEC FOOTHILL BLVD. & GOULD AVE.

LA CANADA, CA 91011

FOOTHILL BOULEVARD458-468

Affiliated Business DisclosureCBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality AgreementYour receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

DisclaimerThis Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

© 2020 CBRE, Inc. All Rights Reserved.

Investment Summary

Tenant Profiles

Location Overview

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11Investment Summary

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CBRE is pleased to exclusively offer for sale the opportunity to acquire a 100% occupied

generational type asset. The mix of internet resistant retail, restaurant and service type tenants

provide long term stability with this remarkably well-located shopping center on Foothill

Boulevard in the heart of La Canada Flintridge.

Investment Summary

66 458-468 Foothill Boulevard

Offering SummaryAsking Sale Price Best Offer

NOI $430,368

Building Size 11,350 SF

APN 5820-009-017

Offered Land Area 20,667 SF

Percentage Leased 100%

Financing Summary All cash or cash to new financing

Tenants Seven (7) internet resistant retail and restaurant uses

Building Size (Sf) ±11,350 Square Feet

Land Acreage ±0.47 acres (±20,667 SF)

Parking 45 on-site surface parking stalls located in front and rear of building area

Lease Type NNN

Ownership Interest Fee Simple

Encumbrances None, Delivered Free & Clear

Property Summary


Investment Highlights

Irreplaceable La Canada Flintridge Shopping Center

Internet Resistant Tenancy Providing a Daily Needs Draw All Occupiers provide goods and services that are not purchashed online.

Proven Tenants The majority of the existing tenants have had historically long term occupancy. The tenants are reported to have strong store sales and positive Yelp reviews and ratings

Heavily Traveled, Core Location Foothill Blvd. & Gould Ave. is the best intersection in the City of La Canada, providing excellent customer traffic throughout the day and night. Located immediately across the street from high performing Ralphs Fresh Fare and Trader Joe’s. This supply constrained, high barriers to entry ensures the property long term growth and stability.

Income Stream Diversity Multi-tenant strip center with NNN leases. No tenant accounts for more than 27% of the property’s income.

Pride Of Ownership Opportunity Ideal 1031 exchange replacement



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TenantProfiles

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Bow Tie Cleaners

Property Address 458 Foothill Boulevard

Square Footage 2,050

Lease Type NNN

Headquarters La Canada

Bow Tie Cleaners is a local dry-cleaning operation that has been servicing the community of La Canada for over 20 years. They offer full-service dry-cleaning services, operate 6 days a week, and offer free pick-up and delivery for their customers.

Color Me Green

Property Address 466-B Foothill Boulevard


Lease Type NNN


Color Me Green is an eco-friendly & organic nail boutique offering nail, wax, eyelash and facial treatments. They have 2-locations: La Canada & Manhattan Beach.


UCode

Property Address 468-A Foothill Boulevard


Lease Type NNN

Headquarters Los Angeles

UCode is an educational organization focusing on equipping students ages 6-16 with Computational Thinking skills required to succeed in the Algorithmic Economy. They have 6 locations in total, the majority of which are in higher education driven communities in Southern California. UCode’s investors, instructors and management all share a common goal of preparing students for a future increasingly dominated by technology.

The Proper Restaurant

Property Address 460-464 Foothill Boulevard


Lease Type NNN


Locally owned and operated, The Proper Restaurant features scratch food and hand-crafted cocktails focusing on new American dishes and shared plates. Owner’s Rick & Lisa Anderson, and David & Cater Yost, are committed to bringing the best customer experience to La Canada Flintridge.

1313Lease Abstract

Constellation Coffee



Lease Type NNN


Constellation Coffee is a specialty coffee shop serving the La Canada Flintridge community. Their extreme popularity and consistent customer traffic have proven them to be the #1 coffee destination in the area. Their operation works with multiple roasters and suppliers for drip coffee, espresso, tea drinks and pastries.

UPS Store

Property Address 466-A Foothill Boulevard


Lease Type NNN

Headquarters Atlanta, GA

A locally owned and operated UPS Store in La Canada offering in-store and online printing, document finishing, a mailbox for mail and packages. Other services include notary, packing, shipping, and freight services.


Stephanie’s Art Gallery



Lease Type Modified Gross Lease


Over the past 25 years, Stephanie’s Art Gallery has been involved in the business of fine art sales and custom picture framing. They assist individuals, business and foundations around the world to help build collections of important 19th & 20th Century American & European paintings and contemporary art.

1515Lease Abstract


Rose BowlRose Bowl

La Canada La Canada High SchoolHigh School

St. FrancisSt. FrancisHigh SchoolHigh School

Flintridge Prepatory Flintridge Prepatory High School High School

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LocationOverview

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La Canada FlintridgeCalifornia is a affluent residential community located in the Crescenta Valley, at the far western

end of San Gabriel Valley, within Los Angeles County. Situated to the northwest of Pasadena,

La Canada is nestled between the San Gabriel Mountains and Angeles National Forest on the

north, and in the San Rafael Hills on the south. Access to La Canada Flintridge can be reached

via the Foothill (210) Freeway, as well as the Glendale (2) Freeway. In 2015 issue of Forbes

magazine, La Canada Flintridge was ranked at the 121st most expensive U.S. City.

The area’s dominant employer is NASA’s Jet Propulsion Laboratory (JPL), which is a federal

funded research and development center managed by the California Institute of Technology.

There are approximately 6,000 full-time employees, and typically a few thousand additional

contractors working at JPL on any given day.

Location OverviewLa Canada FlintridgeCalifornia is a affluent residential community located in the Crescenta Valley, at the far western

end of San Gabriel Valley, within Los Angeles County. Situated to the northwest of Pasadena,

La Canada is nestled between the San Gabriel Mountains and Angeles National Forest on the

north, and in the San Rafael Hills on the south. Access to La Canada Flintridge can be reached

via the Foothill (210) Freeway, as well as the Glendale (2) Freeway. In 2015 issue of Forbes

magazine, La Canada Flintridge was ranked at the 121st most expensive U.S. City.

The area’s dominant employer is NASA’s Jet Propulsion Laboratory (JPL), which is a federal

funded research and development center managed by the California Institute of Technology.

There are approximately 6,000 full-time employees, and typically a few thousand additional

contractors working at JPL on any given day.

Location Overview


One of the key attractions to the City of La Canada is the emphasis on daily needs neighborhood

shopping. La Canada Plaza, located just north of the Subject Property, is anchored by Vons, Rite

Aid & TJ Maxx. Located immediately across the street from the Subject Property, are two busy

community shopping centers anchored by Trader Joe’s, Ralphs, Petco & Bank of America; and

just north is La Canada Town Center anchored by Target, HomeGoods, and a variety of quick-

serve & sit-down restaurants.

The SAN GABRIEL VALLEY is situated in Los Angeles County, and is a 200-square-

mile region that encompasses 31 incorporated cities and 5 unincorporated communities. The

total population of the San Gabriel Valley is 1.5 million people. Points of interest include

the Tournament of Roses Parade, Rose Bowl Game, California Institute of Technology, Jet

Propulsion Laboratory, and the birth place to popular fast-food restaurants such as In-N-Out

and Panda Express.

1919Location Overview

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WELLS FARGO- 9725 LAUREL CANYON BLVD - PACOIMA CENTER

© 2019 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the prop-erty. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.Prepared by: Geoff Martin, Ryan Burnett 818 502-6700



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POPULATION

2019 Population - Current Year Estimate 8,148 86,069 297,505

2024 Population - Five Year Projection 8,237 86,728 301,648

2010 Population - Census 7,956 84,389 287,150

2010-2019 Annual Population Growth Rate 0.26% 0.21% 0.38%

2019-2024 Annual Population Growth Rate 0.22% 0.15% 0.28%

HOUSEHOLDS

2019 Households - Current Year Estimate 2,699 28,921 110,896

2024 Households - Five Year Projection 2,714 29,006 112,131

2010 Households - Census 2,650 28,629 107,473

2010-2019 Annual Household Growth Rate 0.20% 0.11% 0.34%

2019-2024 Annual Household Growth Rate 0.11% 0.06% 0.22%

HOUSEHOLD INCOME

2019 Average Household Income $275,655 $159,684 $126,913

2024 Average Household Income $295,060 $179,411 $146,407

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LA CAÑADA LA CAÑADA FLINTRIDGEFLINTRIDGE

CRESCENTA CRESCENTA HIGHLANDSHIGHLANDS

ALTADENAALTADENA

GLENDALEGLENDALE PASADENAPASADENA

HIDDEN HIDDEN SPRINGSSPRINGS

Area Demographics

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2121Location Overview

© 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

PRESENTED BY

LA CANADA, CA 91011


SEC FOOTHILL BLVD. & GOULD AVE.

Geoff MartinSenior Vice President+1 818 502 6739 Lic. [email protected]

Ryan BurnettFirst Vice President+1 818 502 6791 Lic. 01481691 [email protected]

Cody Chiarella First Vice President +1 818 502 6730Lic. [email protected]

Brian YoshimuraClient Services Coordinator+1 818 502 6736Lic. 01967227 [email protected]

Documents

SEC FOOTHILL BLVD. & GOULD AVE. 458-468...Foothill Blvd. & Gould Ave. is the best intersection in the City of La Canada, providing excellent customer traffic throughout the day and