1732 VICTORY BLVD GLENDALE, CA 91201 - OFFERING MEMORANDUM
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OFFERING
M E M O RA N D U M
1732 VICTORY BLVD
G L E N D A L E , C A 9 12 0 1
OFFICE/MEDICAL OFFICE
OWNER-USER OPPORTUNITY
EXECUTIVE SUMMARY SITE DESCRIPTION EXECUTIVE SUMMARY
OFFICE BUILDING + VACANT LOT
An extremely rare opportunity for an owner/user to
TOTAL BUILDING SIZE 1,896 SF acquire a free-standing creative production office or a medical
office conversion opportunity located in Glendale CA. 1732
Victory Boulevard improvements include a 1,896 square foot
TOTAL PARCEL AREA 2,347 SF
ASKING PRICE PROPERTY TYPE DAYTIME POPULATION
commercial building situated on 2,347 square foot parcel.
The subject property current use is a recording studio however
$1,400,000 Office/ 200,000 APN 5626-004-003 as part of the Glendale zoning code commercial proper-
Medical ties which are 2,000 SF or less can be converted to medical
office without additional parking requirements.
CURRENT USE Manufacturing
The subject property is centrally located just minutes from
Downtown Glendale and Burbank, this hip neighborhood
FLOOR-TO-AREA RATIO 0.81
is truly in a world all its own. Sounded by retail boutique
LOT SIZE SF AVAILABLE PARKING RATIO store, chic eateries, and something new around every corner.
2,347 SF 1,896 SF 1:1,000 LOT DIMENSIONS 24.5' x 100' Furthermore, the property presents an owner-user a timely
opportunity to acquire a building with substantial lease
savings trade-off and offers tax-equity accumulation.
ZONING GLC3
TRAFFIC COUNT 20,093 VPD on Victory Blvd
HIGHLIGHTS
YEAR BUILT 1949
• Economic incentives of having a business in Glendale
include: a no city income tax, no gross sales receipt
NUMBER OF UNITS 1 tax, streamline permitting process
• Located in the core of Glendale/Burbank entertainment
TENANCY Single district within mins to Warner Brothers, Universal, ABC
and CBS Studios.
• The property benefits from direct access to nearby SR-
HIGHWAY ACCESS 134 & 5 Fwys 134, midway between 1-5 and SR-101 the properties
strategic location offers exceptional regional access.
2 1732 VICTORY BLVD | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 3
PROPERTY OVERVIEW
E
AV
VI
LOCATION PARKING BUILT CT
E
SS
O
RY
JE
1732 Victory Blvd., Provides a parking ratio of 1 spaces per 1732 Victory Blvd was built in 1949.
Glendale, CA 91201 1,000 SF parking ratio. BL
VD
SITE
Located on the southeast corner of Victory
Blvd and Jesse Ave in the city of Glendale, TRAFFIC COUNT ZONING
CA.
Victory Blvd.............................20,093 CPD Per the city of Glendale, the site is
currently zoned as GLC3.
LAND AREA
The property consists of 1 parcel (APN
# 5626-004-003) totaling 2,347 SF of
land area.
PARCEL MAP
BUILDING AREA
The subject consists of 1 building equaling
to 1,896 total square feet.
FRONTAGE & ACCESS
The site features 24.5 linear feet of front-
age along Victory Blvd.
Access points into the building include 1
entrance off Victory Blvd and 1 entrance
off rear alley.
4 1732 VICTORY BLVD | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 5
LEASE VS. OWN
1,896 SF 10,456 SF
LEASE SCENARIO PER/SF AMOUNT OWN SCENARIO PER/SF AMOUNT
LEASE ASSUMPTIONS: PURCHASE ASSUMPTIONS:
Rent Per Month $3,792 Purchase Price $738 $1,400,000
Rent Per SF Gross Lease $2.00 Improvement - Additional $0.00 $0
START-UP COSTS: Total $738 $1,400,000
Prepaid rent and security deposit (2 mo.'s total) $7,584 START-UP COSTS:
Lessee TI costs, net of lessor TI Allowance** $0 Borrower cash down payment (20%) $210,000
Total startup costs $19,359 Estimated fees on 1st mortgage** $5,600
GROSS MONTHLY COSTS: Est. appraisal, environmental, other fees** $5,000
Rent payment $3.00 $3,792 Total startup costs $220,600
Lease operating costs** $0.31 $588 GROSS MONTHLY COSTS:
Gross monthly cash cost $3.31 $4,380 Mortgage payment $2.41 $8,653
LEASE BENEFITS (PER MONTH): Ownership operating costs** $0.41 $1,458
Depreciation tax benefit at 35% tax rate $0.00 $0 Gross monthly cash cost $2.82 $10,111
Avg. monthly principal paydown | equity build $0.00 $0 OWNERSHIP BENEFITS - EXCEL. APPRECIATION
Tax benefit on rent deduction at 35% tax rate $0.70 $1,327 (PER MONTH):
Tax benefit on operating costs at 35% tax rate $0.11 $206 Depreciation tax benefit at 35% tax rate $0.47 $890
Lease-out income (net of tax at 35% rate) $0.00 $0 Avg. monthly principal paydown | equity build $1.53 $2,909
$0.81 $1,533 Tax benefit on rent deduction at 35% tax rate $0.42 $801
NET COST AFTER LEASE BENEFITS: $1.50 $2,847 Tax benefit on operating costs at 35% tax rate $0.34 $644
Est. appreciation benefit, per month $0.00 $0 Lease-out income (net of tax at 35% rate) $0.00 $0
NET COST AFTER LEAST BENEFITS $1.50 $2,847 Interest on startup cost difference (net of 35% tax) -$0.18 -$346
PROJECTED RENT COST IN YEAR 10 $2.58 $4,898
Net rent cost (after tax benefits at 35% rate) $1.96 $3,714 NET COST AFTER OWNERSHIP BENEFITS EXCEL APPRE: $1.13 $2,140
Assumed annual rent escalation 3.0% Est. appreciation benefit, per month $1.85 $3,500
NET COST AFTER OWNERSHIP BENEFITS INCL. APPRE: -$0.72 -$1,360
ANALYSIS LIMITATIONS:
THIS ANALYSIS DOES NOT INCLUDE SUPPLEMENTAL INCOME STREAM FROM GROWTH IN PROPERTY VALUE & OWNER EQUITY
POTENTIAL TENANTS - LOWERING OCCUPANCY COSTS SIGNIFICANTLY
Assumed Annual Appreciate Rate Of: 3.0% Borrower Down Payment (20%): $210,000
Disclaimer: This sample analysis is based on a series of assumptions, including loan interest rates and annual appreciation
rates, and is meant only to be illustrative in nature. The analysis is not a guarantee of any actual results of any loan or purchase PROPERTY VALUE LOAN BALANCE OWNER EQUITY
transaction or ownership of any real property, all of which are subject to risks, uncertainties and assumptions that are difficult
to predict and beyond our control. No warranties or representations, express or implied, are made as to the accuracy of the Year 5 $1,622,984 $970,054 $652,930
information contained herein, and same is submitted subject to the possibility of errors, omissions, change of price, rental or
other conditions, withdrawal without notice, prior sale, lease or financing. We include projections, opinions, assumptions or Year 10 $1,881,483 $772,918 $1,108,565
estimates for example only, and they may not represent future performance of the property. You and your financial and legal
advisors should conduct your own evaluation of the property and transaction economics. Year 15 $2,181,154 $548,200 $1,632,954
Year 20 $2,528,556 $292,032 $2,236,524
6 1732 VICTORY BLVD | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 7
SNAPSHOT: GLENDALE
Glendale, CA has a population of 197,895 and is the 120th largest city in the United States. The population
density is 6,503 per sq mi which is 2440% higher than the California average and 7078% higher than the HIGH DENSITY, GLENDALE DEMOGRAPHICS
national average. The median age in Glendale is 41 which is approximately 14% higher than the California
average of 36. In Glendale, 57% of the population over 15 years of age are married, 30% speak English
and 15% speak Spanish. 33% of Glendale residents were born in California, 11% were born out of state, 1% • More than 96,100 employees with an Average
were born outside of the United States and 54% were foreign born.
Household Income exceeding $58,600
NEIGHBORHOOD CITY REGION COUNTY METRO • More than 73,800 households with an Average
Glendale Glendale Los Los Los Property Value exceeding $639,700
Angeles Angeles Angeles
• More than 22,700 people in a 1-mile radius and
9,647 population density per sq. mi.
DEMOGRAPHICS GLENDALE UNITED STATES
MEDIAN HOUSEHOLD INCOME
$56,069
LOS ANGELES COUNTY
The County of Los Angeles holds many disticntions. L.A. is
the entertainment capital of the world, a cultural mecca
boasting more than 100 museums, and a paradise of
idyllic weather. From tourist attractions like the Walk of
Fame's collection of stars (numbering more than 2,614
and growing by one or two a month) to career opportuni-
ties like those presented in the expanding tech industry,
Los Angeles County is the place to be. It is the only city
GLENDALE LOS ANGELES COUNTY in North America to have hosted the Summer Olympics
twice. Downtown L.A. is the largest government center
WEATHER 284
Sunny
91◦
Average
62◦Average
284
Sunny
71◦
Average
55◦ Average
outside of Washington, D.C. Los Angeles County has the
Days High Low Days High Low only remaining wooden lighthouse in the state (located in
San Pedro's Fermin Park) and the largest historical theater
district on the National Register of Historic Places (located
Downtown on Broadway).
8 1732 VICTORY BLVD | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 9
The influx of a massive amount of new ABOUT THE NEIGHBORHOOD TRANSIT-ORIENTED MARKET
residential and mixed-use construction
projects in Glendale has been a signifi-
Glendale's central regional location and
cant contributor to the office market's
proximity to the Ventura (134), Glendale
resurgence. Glendale's proactive city
(2), and Golden State (5) freeways provides
government was on the leading edge in exceptional access to the region's enormous
recognizing the positive impacts of pro- employee base.
moting high-density residential projects
in its CBD, and to date over 3,500 new
multifamily units (many with mixed-use
components) have been completed and/
or approved. The construction is chang-
In addition, Glendale is:
ing the face of Glendale, particularly the
area immediately surrounding Glendale • Loacted less than eleven miles from both
Plaza and along Central Avenue. downtown Los Angeles;
• Approximately four miles from Hollywood
Burbank Airport;
• A hub for Southern California's Amtrak
74 33 87 Pacific Surfliner and Metrolink commuter
rail systems, which link Glendale with ma-
jor population centers in the San Fernanado
Walk Score Transit Score Bike Score
Valley and Ventura County to the east, the
Antelope Valley and Inland Empire to the
Very Walkable Some Transit Very Bikeable east, as well as Orange County and San
Most errands can be A few nearby public Biking is convenient for
accomplished on foot. transportation options. most trips. Diego to the south;
• Served by the Glendale Beeline bus net-
1732 Victory Boulevard has a Walk Score of 74 out of work, with two primary lines that serve
100. This location is Very Walkable so most errands can be business district and Glendale Plaza which
accomplished on foot.
depart from the Glendale transit station
This location is in the Riverside Rancho neighborhood in (Amtrak and Metrolink) every ten minutes.
Glendale. Nearby parks include Los Angeles Equestrian
Center, Griffith Manor Park and Pickwick Recreation
Center.
10 1732 VICTORY BLVD | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 11
RETAIL AMENITIES RETAIL AMENITIES
THE AMERICANA AT BRAND GLENDALE GALLERIA
3.8 MILES FROM SUBJECT PROPERTY 3.6 MILES FROM SUBJECT PROPERTY
Caruso Affiliated's Americana at Brand is a 900,000 The Glendale Galleria boasts more thank $500 million in annual
square foot luxury shopping, entertainment and sales and recently completed a $58 million expansion that
living center that attracts more than 20 million visitors included a new 120,000 square foot Bloomingdales. Famously,
annually and boasts rents that rival Santa Monica's the Galleria was home to the first Apple store in the world.
Third Street Promenade
SPACE 134
In March 2016, Glendale's Community Development Department unveiled designs for Space 134, a proposed 24-acre park "capping" a
0.7 mile space of the 134 Freeway beginning at Central Avenue adjacent to Glandale Plaza. The project was awarded two separate grants
($325,000 combined) from the Southern California Association of Governments for community outreach, planning studies and eveloping
the vision plan. In 2013, the vision plan was endorsed by the Glendale City Council and the $150 million project is slated for final design,
funding and construction after 2020. While not yet fully funded or entitled, the project is another example of the City's proactive commitment
or creating and maintaining a vibrant central business district.
BRAND AVENUE RETAIL
3.7 MILES FROM SUBJECT PROPERTY
A one mile stretch down Glendale's CBD contains an
unparalleled concentration of upscale shopping and
dining amenities in the Tri-Cities region.
12 1732 VICTORY BLVD | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 13
GLENDALE, CALIFORNIA With more than 200,000 residents, Glendale is the third largest city in Los Angeles County, behind only Los Angeles and Long Beach. The 6.7 million square foot Glendale office submarket enjoys a central location adjacent to Burbank, Pasadena and Downtown Los Angeles. The city is easily accessible from both a) the traditional executive neighbor- hoods in the foothills of the San Gabriel mountains, such as La Canada Flintridge, San Marino and South Pasadena, as well as b) several of Los Angeles' most dynamic emerging neighborhoods, such as Highland Park, Eagle Rock, Atwater Village, Silver Lake and Glassell Park. Glendale's proxim- ity to neighborhoods that are most desired by LA's young creative (Milllennial) class provides access to some of the region's best demographics. According to a 2016 study completed by Zillow. Glendale is one of only a handful of "new" money U.S. cities with a higher concentration of Millennial households earning more than $350,000 a year than Baby Boomer households. 14 1732 VICTORY BLVD | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 15
The below graph shows the declining vacancy rate in Glendale, as well as the increasing asking lease rate. Tenants from Downtown Los Angeles, Pasadena, Burbank, Hollywood and the San Fernando Valley have been increasingly migrating to Glendale, drawn
by the City's exceptional amenities, urban housing and youthful demographics, accessibility and the city's low cost of doing business (no gross receipts tax).
Glendale's vacancy rates have dramatically
outpaced the overall market in Los Angeles
and currently sit at historic lows.
16 1732 VICTORY BLVD | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 17
CITY OF GLENDALE DEMOGRAPHICS TOP REGIONAL ATTRACTIONS
2017 Population - Current Year Estimate 200,555 Glendale Marketplace Dodger Stadium
2022 Population - Five Year Projection 207,044 Glendale Galleria Burbank Town Center
2017-2022 Annual Population Growth Rate 0.64% The Americana at Brand Hollywood & Highland Center
2017 Households - Current Year Estimate 74,787 Alex Theatre Burbank Empire Shopping Center
2022 Households - Five Year Projection 76,844 Universal Studios Hollywood Beverly Center
2017-2022 Annual Household Growth Rate 0.54% Roslin Art Gallery Paseo Colorado
2017 Average Household Size 2,66 Autry Museum of the AMerican West Los Angeles Fashion Center
2017 Average Household Income $90,815 Verdugo Mountains Koreatown Plaza
2022 Average Household Income $101,642 Verdugo Park The Grove at Farmers Market
2017 Average Value of Owner Occ. Housing Units $722,185
18 1732 VICTORY BLVD | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 19MAJOR
MAJOR
EMPLOYERS
EMPLOYERS
ANDAND
COMPANIES
COMPANIES
IN BURBANK
IN BURBANK MAJOR
MAJOR
EMPLOYERS
EMPLOYERS
ANDAND
COMPANIES
COMPANIES
IN GLENDALE
IN GLENDALE
A. 1633
A. VICTORY
1633 VICTORY
BLVD.,
BLVD.,
BURBANK
BURBANK
/ GLENDALE,
/ GLENDALE,
CA 912
CA- 912 - Subject
Subject PropertyProperty A. 1633
A. VICTORY
1633 VICTORY
BLVD.,
BLVD.,
BURBANK
BURBANK
/ GLENDALE,
/ GLENDALE,
CA 912
CA- 912 - Subject
Subject PropertyProperty
1. 5333
1. ZOO
5333DRIVE
ZOO DRIVE
| LOS |ANGELES,
LOS ANGELES,
CA 90027
CA 90027
- 1.4 Miles
- 1.4 Miles 6. 6.
300 N300
3rd NST3rd ST | BURBANK,
| BURBANK, CA 91502
CA 91502 - 2.2 Miles
- 2.2 Miles 1. 701
1. WESTERN
701 WESTERN
| GLENDALE,
| GLENDALE,
CA 91201
CA 91201
- 0.5 Miles
- 0.5 Miles 6. 207 GOODE
6. AVE | AVE
207 GOODE GLENDALE, CA 91203
| GLENDALE, - 2.8 Miles
CA 91203 - 2.8 Miles
2. 231
2. W231
OLIVE
W OLIVE
AVE | AVE
BURBANK,
| BURBANK,
CA 91502
CA 91502
- 1.4 Miles
- 1.4 Miles 7. 7.
501 S501 S BUENA
BUENA VISTAVISTA ST | BURBANK,
ST | BURBANK, CA 91502
CA 91502 - 2.6 Miles
- 2.6 Miles 2. 1325
2. GRAND
1325 GRAND
CENTRAL
CENTRAL
AVE | AVE
GLENDALE,
| GLENDALE,
CA 91201
CA 91201
- 0.9 Miles
- 0.9 Miles 7. 655 N655
7. CENTRAL AVE | AVE
N CENTRAL 91203 - 2.8 Miles
| 91203 - 2.8 Miles
3. 600
3. IKEA
600 WAY
IKEA |WAY
BURBANK,
| BURBANK,
CA 91502
CA 91502
- 1.5 Miles
- 1.5 Miles 8. 8. 3000
3000 W W ALAMEDA
ALAMEDA AVE | AVE | BURBANK,
BURBANK, CA 91502
CA 91502 - 3.1 Miles
- 3.1 Miles 3. 1000
3. FLOWER
1000 FLOWER
ST | GLENDALE,
ST | GLENDALE,
CA 91201
CA 91201
- 1.1 Miles
- 1.1 Miles 8. 889 AMERICANA
8. WAY |WAY
889 AMERICANA GLENDALE, CA 91201
| GLENDALE, - 3.3 Miles
CA 91201 - 3.3 Miles
4. 2300
4. W 2300
RIVERSIDE
W RIVERSIDE
DR. | BURBANK,
DR. | BURBANK,
CA 91506
CA 91506
- 1.7 Miles
- 1.7 Miles
(K-ABC(K-ABC
7) 7) 9. 9. 3400 WARNER
3400 WARNER RD | BURBANK,
RD | BURBANK, CA 91505
CA 91505 - 3.2 Miles
- 3.2 Miles 4. 500
4. CIRCLE
500 CIRCLE
DR | |DR
GLENDALE,
| | GLENDALE,
CA 91201
CA 91201
- 1.2 Miles
- 1.2 Miles 9. 101 N101
9. BRAND BLVD BLVD
N BRAND | GLENDALE, CA 91203
| GLENDALE, - 3.3 Miles
CA 91203 - 3.3 Miles
5. 500
5. S500
BUENA
S BUENA
VISTAVISTA
ST | BURBANK,
ST | BURBANK,
CA 91502
CA 91502
- 2 Miles
- 2 Miles 10. 10. 4314
4314 W W MAGNOLIA
MAGNOLIA BLVD BLVD | BURBANK,
| BURBANK, CA 91505
CA 91505 - 3.7 Miles
- 3.7 Miles 5. 207
5. GOODE
207 GOODE
AVE | AVE
GLENDALE,
| GLENDALE,
CA 91203
CA 91203
- 2.8 Miles
- 2.8 Miles 10. 10.
3722 SAN
3722 FERNANDO RD | GLENDALE,
SAN FERNANDO CA 91201
RD | GLENDALE, - 4.1 Miles
CA 91201 - 4.1 Miles
20 1732 VICTORY BLVD | GLENDALE, CA 91201 HUDSON COMMERCIAL PARTNERS, INC. 2145
45
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42 Pickwick
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& Lounge db db 87 P.F. Chang’s db 86 PizzaRev db 100 Tony’s Darts Away99 Tender Greens db 7
75 93 23 5 miles 67 39 15 90 25
cho Grill db 76 Five Guys Burgers and Fries90
db Privato Restaurant & Lounge md md
and Gifts 74 Daily Grill104 73 Coffee
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Priscilla’s Gourmet Coffee, Tea Bakery & Cafe mp 102 Wild Carvery db 101 Umami Burger md 94 101 89
27 93 23 69 84
83
78 Gordon Biersch Brewery db 91 Romancing the Bean mp 105 Yard House db HOLLYWOOD 75 93 23
76 Five Guys Burgers 75 andDog
Fries db md
Haus and Gifts md 89 Priscilla’s Gourmet Coffee, Tea103 Wokcano Restaurant102 &Wild
HOLLYWOOD
Lounge db db
Carvery
& 94 THE STAPLES DISNEYLAND GRIFFITH
7
BOWL Ranch BBQ & HOLLYWOOD
HIGHLAND HOLLYWOOD
& Lounge & LACMA GROVE CENTERTHE LA ZOO STAPLES RESORT 81 34 OBSERVATORY
DISNEYLAND GRIFFITH 75
Burbank.com 77 Gaucho Grill db 76 Five Guys Burgers and Fries db90 Privato Restaurant & Lounge md
and Giftsmd 104 Wood 103 Wokcano
Grill db Restaurant db 27 7
77 Gaucho Grill db 90 Privato Restaurant & Lounge 6 miles
md 104 BOWL
Wood HIGHLAND
7 miles Ranch BBQ & Grill db 10 miles 10 milesLACMA 14 milesGROVE 3 milesCENTER LA
37 miles ZOO101 89 8 miles
RESORT 81 34OBSERVATORY
VisitBurbank.com 78 Gordon Biersch Brewery db 91 Romancing the Bean mp 105 Yard House db 27
6 miles 7 miles 10 miles 10 miles 14 miles 3 miles 94 37 miles 101 89 8 miles
78 Gordon Biersch Brewery db 91 Romancing the Bean mp 105 Yard House db
22 1732 VICTORY BLVD | GLENDALE, CA 91201 HOLLYWOOD HOLLYWOOD & 94
HOLLYWOOD
THE STAPLES HUDSON COMMERCIAL PARTNERS, GRIFFITH
DISNEYLAND INC. 23
UDSON COMMERCIAL PARTNERS, INC. BOWL HIGHLAND HOLLYWOOD & LACMA GROVE THE
CENTER STAPLES
HUDSON
LA ZOO COMMERCIAL DISNEYLAND
RESORT PARTNERS, INC. - 37
OBSERVATORY GRwww.hudsonpartnersinc.com KELLY BETPOLICE JOHN STEVEN BLINCOE II
Managing Principal VP Investment Sales
c: 310.403.8544 c: 818.731.6070
p: 818.699.1602 p: 818.699.1606
f: 818.332.4977 f: 818.332.4977
e: kelly@hudsonpartnersinc.com e: steven@hudsonpartnersinc.com
CalBRE: 01470894 CalBRE: 01940306
This Memorandum (“Offering Memorandum”) has been prepared by Hudson Commercial Partners, Inc. based on information
that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof;
subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice.
This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the
Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum
in whole or in part, at any time, without the prior written consent of Hudson Commercial Partners, Inc., and it will keep permanently
confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose
of evaluating the possible acquisition of the Property.
This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents
related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need,
or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors
beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an
indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of
this Memorandum.
This Memorandum is being delivered by Hudson Commercial Partners Inc. to prospective purchasers with the understanding that
all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in
order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested
© 2020 Hudson Commercial Partners, Inc. The information contained in this and qualified prospective purchasers. Hudson Commercial Partners, Inc. reserves the right to request the return of any or all of
document has been obtained from sources believed reliable. While Hudson the information enclosed.
Commercial Partners, Inc. does not doubt its accuracy, Hudson Commercial Partners,
Inc. has not verified it and makes no guarantee, warranty or representation about
it. It is your responsibility to independently confirm its accuracy and completeness.
Any projections, opinions, assumptions or estimates used are for example only and
do not represent the current or future performance of the property. The value of this
transaction to you depends on tax and other factors, which should be evaluated
by your tax, financial and legal advisors. 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.
Hudson Commercial Partners, Inc. logo are service marks of Hudson Commercial
Partners, 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.
4605 Lankershim Blvd, Suite 214 | Universal City, CA 91602
818.699.1601 • www.hudsonpartnersinc.comYou can also read
