DOWNTOWN RETAIL, MEDICAL, & OFFICE INVESTMENT … · Los Angeles area. El Gallo Giro was started in...

O F F E R I N G M E M O R A N D U M

D O W N T O W N R E T A I L , M E D I C A L , & O F F I C EI N V E S T M E N T O P P O R T U N I T Y

Plaza De La Fiesta Downtown Retail-Medical Center

H U N T I N G T O N P A R K , C A

Designated Opportunity Zone InvestmentSee 5 For Details

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap, Inc.

2Plaza De La Fiesta Downtown Retail-Medical Center | Marcus Millichap | Activity ID: Z0100331

H U N T I N G T O N P A R K , C A

PLAZA DE LA FIESTARetail-Medical Center

OFFICES THROUGHOUT THE U.S. AND CANADAwww.marcusmillichap.com

Exclusively Listed By

Aria Pournazarian National Retail Group Downtown L.A. Office (213) 943-1874 direct [email protected] License: CA 01918248

Ron Duong Senior Vice President Investments Senior Director, National Retail Group (949) 419-3233 direct [email protected] License: CA 01438643

Ben Carlile Associate National Retail Group (949) 419-3304 direct [email protected] License: CA 01949032

Joseph Lising First Vice President Investments National Retail Group (949) 419-3227 direct [email protected] License: CA 01248258

Rainier Nanquil Associate Net Leased Properties Group (949) 419-3206 direct [email protected] License: CA 01946959


Executive Summary


Executive Summary

Long-Term Operating History

Excellent tenant operating history - nearly 55% of the tenants have occupied the subject property for 10+ years, proving their commitment to the location Historically high-occupancy asset with major retail tenants including Gallo Giro (10+ years of occupancy), Citibank (16+ years of occupancy), and Dentaland (20+ years of occupancy)

Strong Real Estate Fundamentals Extremely dense, infill location with over 1,115,942 population within a five-mile radius Phenomenal average daily population of over 445,000 within three miles Multiple points of ingress and egress located on Florence Avenue, Rita Ave-nue, and Seville Avenue Unique two-building layout with additional public parking promotes positive

co-tenant synergy and future repositioning for a wide variety of uses

Exceptional Opportunity Located in the Heart of Downtown Huntington Park Signalized, corner location at the intersection of Pacific Blvd and Florence Ave - the subject property benefits from an extremely high level of exposure along both corridors to both pedestrian and vehicular traffic

Both Pacific Blvd and Florence Avenue are Huntington Park’s primary retail thoroughfares, exceeding 49,000 cars per day. Multiple bus stops are in the immediate vicinity of the property, as well as a City Parking Structure available to patrons of the Subject Property

The subject property is located within the Downtown Huntington Park Area, which includes other major retail tenants such as In-n-Out, Starbucks, Chase Bank, and Rite Aid, Bank of America. The Downtown submarket is heavily patronized by local residents and the tremendous workforce in Huntington Park, giving tenants stable and reliable business on a daily basis

Prominent Northeast corner location boasts over 200 feet of frontage along Pacific Blvd in the heart of the Downtown Area

Plaza De La Fiesta - Additional retail investment opportunity also available for sale in close proximity to the subject property. Please contact Agents for more details.

Prime Downtown Retail, Medical, & Office Opportunity

1,115,942 Population in a Five-Mile Radius

City-owned Parking Garage located adjacent to the Subject Prop-erty offers 250 additional parking spots available to the public

Offered free and clear of debt at a 5.86% cap rate with excellent financing options available (7.47% cash on cash return in year 1)

Located in Huntington Park’s Opportunity Zone, which pro-motes strong potential for future developments and improve-ments to the submarket - please see page 15 for more details


# of Locations 8 California Locations

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El Gallo Giro - Overview

El Gallo Giro (“The Yellow Rooster”) is ranked among the 10 highest grossing restaurants in the Los Angeles area.

El Gallo Giro was started in 1988. By the year 2000, it had become the 7th most profitable restaurant in L.A. county ranked by an-nual gross sales, with receipts of $6,700,000 that year.

Despite its casual dining and working class clientele, its sales were such that it out-earned competitors such as the Parkway Grill in Pasadena, the Pacific Dining Car in Hollywood, the Paradise Cove in Malibu, and the Bel Air Hotel.

Tenant Spotlight

Company Overview - From www.gallogiro.com

El Gallo Giro opened its doors in 1988 with the inauguration of its first Restau-rant, Bakery & Tortillería in Santa Ana, California. At El Gallo Giro we recreate the liveness and folkloric atmosphere of a Mexican marketplace combined with the warmth and the love of Mexican home-cooking. Throughout the years we continue to grow thanks to the loyalty of our customers and the growth of the Hispanic community in California.

Today we proudly serve our clientele in 8 different locations throughout South-ern California in the greater Los Angeles Area.

From the beginning we have offered uncompromising quality, generous por-tions and truly authentic Mexican food bursting with freshness and flavor.

Whether it is our famous TORTAS, our acclaimed TACOS, our delicious AGUAS FRESCAS , our hearty SOUPS and STEWS or the art and craft of our MEXICAN BAKERY, at El Gallo Giro everything we do we do it con el corazón!

El Gallo Giro’s Huntington Park store is open 24 hours a day.


PACIFIC BLVDFLORENCE AVE

SubjectProperty

17,000 +VPD32,000 + VPD

FINEDISCOUNT

CASA DECAFE PIBE

SPORTSMICHAEL’SBOUTIQUE

UNITELLERTRAVEL

BARRERATAX

20/20 BAR& GRILL

CALEB’SWIRELESS

EL CHAMIZALRESTAURANT

AGENDAAUTO

GGBOUTIQUE

INCOMETAX

CHECKSCASHED

MEDICALCLINIC

79 UNITCONDOS

162 UNITAPARTMENTS

TROPICALTOURS

SIGUECORPBBVA

BANK

KING’SBUFFET

250 PUBLICPARKING STALLS

PLAZA DELA FIESTA

ALSO AVAILABLECONTACT AGENTS

FOR DETAILS

DENTALLAND

Executive SummaryAerial Photo - Northeast(See Property Description Section for Additional Aerial Photos)




Real Estate Taxes (1.3817% + $22,569) $291,513

Insurance $41,307

Utilities $41,478

Trash $7,349

Janitorial $27,532

Elevator $11,329

Pest Control $5,348

Supplies $6,179

Plumbing $8,137

Repairs & Maintenance (Incl. Parking Lot) $159,097

Maintenance Labor $19,570

Security $36,603

Management 5% / 75,223

TOTAL EXPENSES $730,665

Expenses/SF $15.01

Expenses

Financial Analysis Annualized Operating DataGross Potential Rent $1,504,457

Expense Reimbursements $392,679

Gross Potential Income $1,879,135

Vacancy/Collection Allowance (7146 Only) 2% / $26,635

Effective Gross Income $1,870,500

Total Expenses $730,655

NET OPERATING INCOME $1,139,835

Debt Service (Year 1) $616,651

Cash Flow After Debt Service $523,184

CASH ON CASH RETURN (YEAR 1) 7.47%

Offering SummaryProperty Address 7126 & 7132 Pacific Boulevard

Huntington Park, CA 90255

Assessor’s Parcel Number 6322-024-041/052

Current Occupancy 93%

Year Built 1984/1989

Gross Leasable Area (GLA) ±48,685 Square Feet

Lot Size ±0.71 Acres (±30,541 Square Feet)

Price $19,465,000

Cap Rate 5.86%

Price Per Square Foot $399.82

Pricing

Proposed Financing Information (New Loan)Down Payment 36% / $7,007,400

LTV/Loan Amount 64% / $12,457,600

Interest Rate 4.95%

Amortization 30 Years

Term 15 Years

Program Fixed for 7 Years

Interest only for 3 Years

*Loan information is time sensitive and subject to change.

**In-place debt may be assumed by potential investors, offering higher leverage, no as-sumption fees and below-market interest rates. Contact Agents for more details.

***Additional financing options with lower interest rates and higher loan to value (70%) but no interest only period available - please contact Agents for more details.


SUITE TENANT NAMESQUARE

FEETPERCENT

OF GLATENANCY EXPIRES

MONTHLYRENT

RENTPER SF

INCREASESLEASETYPE

OPTIONS

7132 Metro PCS 1,476 4.93% 11 Years 11/30/2023 $3,909.96 $2.65 3% Annual NNN One, Five-Year

7134 Rent Guarantee*** 1,263 4.22% N/A 1 Year $3,484.19 $2.76 N/A NNN N/A

7138 Dolex Dollar Express 1,691 5.65% 19 Years 12/31/2021 $3,903.00 $2.31 3% Annual NNN None

7140 Citibank 1,837 6.13% 16 Years 03/31/2023 $5,944.07 $3.24 3% Annual NNN One, Five-Year

7148 El Gallo Giro 9,856 32.91% 10 Years 04/30/2021 $48,414.41 $4.91 3% Annual NNN Two, Five-Year

200 Rent Guarantee 1,492 4.98% N/A 1 Year $2,600.00 $1.74 N/A MG N/A

210 Binafard Dental Corp 3,473 11.60% 20 Years 07/31/2019* $6,054.54 $1.74 3% Annual MG One, Seven-Year

215 Express Employment 1,300 4.34% 2 Years 10/31/2021 $2,344.59 $1.80 3% Annual MG One, Five-Year

220 Lahka Skin and Body Care 762 2.54% 10 Years 08/31/2019 $1,204.12 $1.58 3% Annual MG One, One-Year

225 Lahka Skin and Body Care 1,974 6.59% 10 Years 03/31/2019 $3,034.49 $1.54 3% Annual MG One, Five-Year

230 Greco & Neyland Attorneys 600 2.00% 4 Years 12/31/2019 $900.00 $1.50 3% Annual MG One, Three-Year

235 Law Offices - Gordon 740 2.47% 1 Year 05/31/2019 $1,150.00 $1.55 3% Annual MG One, One-Year

237 Lahka Skin and Body Care 312 1.04% 10 Years 03/31/2019 $460.09 $1.47 3% Annual MG None

240 Masrour Chiropractic 1,516 5.06% 15 Years 03/31/2019 $2,957.93 $1.95 3% Annual MG None

249 Masrour Chiropractic 300 1.00% 3 Years 03/31/2019 $545.90 $1.82 3% Annual MG None

251 Rodriguez Multi-Services 370 1.24% 10 Years 05/31/2019* $623.71 $1.69 3% Annual MG None

255 Quick Cash Loans 384 1.28% 5 Years 12/31/2020 $787.95 $2.05 2% Annual MG One, One-Year

260 Law Offices - Maldonado 602 2.01% 1 Year 12/15/2019 $972.32 $1.62 None MG None

# of Tenants: 18

Total Available:Total Occupied

2,755 SF27,193 SF

9%91%

Monthly:Annual:

$89,291.27$1,071,495.24

Average: $2.98/ SF

Financial AnalysisRent Roll - Building 1 (7132 Pacific Boulevard)As of February 1, 2019 for 29,948 Square Feet

*Pending lease renewal. Please contact Agents for more details.

**Landlord is currently in negotiations with new tenant. Please contact Agents for more details.

***Suite is currently occupied by Tenant with an expiration of February, 28, 2019.


SUITE TENANT NAMESQUARE

FEETPERCENT

OF GLATENANCY EXPIRES

MONTHLYRENT

RENTPER SF

INCREASESLEASETYPE

OPTIONS

7126A J.J. Discount 1,744 9.31% 10 Years 03/31/2019 $3,246.68 $1.86 4% Annual NNN One, One-Year

7126B Rita Medical Clinic 1,008 5.38% 20 Years 03/31/2019* $2,129.31 $2.11 2% Annual NNN Two, Five-Year

7126C Insurance Services 622 3.32% 20 Years 07/31/2021 $1,765.18 $2.84 3% Annual MG None

7130A La Michoacana 1,350 7.20% 2 Years 08/31/2021 $4,162.46 $3.08 3% Annual NNN One, Five-Year

7130B Cricket Wireless 1,550 8.27% 5 Years 12/31/2021 $3,311.77 $2.14 3% Annual NNN None

7130D Lahka Skin and Body Care 1,026 5.48% 13 Years 08/31/2020 $1,975.10 $1.93 CPI Annual (Min 3%) NNN One, Two-Year

7130E Snack Shack 100 0.53% 4 Years 08/31/2020 $545.90 $5.46 3% Annual MG None

7130F San Miguel Spa and Salon 972 5.19% 12 Years 02/28/2019 $2,663.30 $2.74 CPI Annual (Min 3%) NNN None

7130G Sherilyn Shoes 743 3.97% 2 Years 12/31/2020 $823.36 $1.11 3% Annual NNN None

7130H El Camaron Marisco 125 0.67% 15 Years 04/30/2021 $1,463.16 $11.71 3% Annual MG None

7128A Vacant 2,196 11.72% N/A N/A $0.00 $0.00 3% Annual N/A None

7128A-2 Central Arm Protection 126 0.67% 3 Years 10/31/2019 $350.00 $2.78 3% Annual MG None

7128B Pacific Dental Center 2,136 11.40% 7 Years 12/31/2025 $3,502.13 $1.64 3% Annual NNN One, Seven-Year

7128C Manuel Solis Law Firm 1,792 9.56% 8 Years 09/30/2019 $3,508.20 $1.96 3% Annual MG None

7128D Walk Through Autism 805 4.30% 1 Year 6/30/2019* $1,300.00 $1.61 3% Annual MG None

7128E Law Offices - Perry 972 5.19% 1 Year 05/31/2020 $1,650.00 $1.70 3% Annual MG None

7128F1 Hospitality Staffing 700 3.74% 1 Year 12/31/2020 $1,081.50 $1.55 3% Annual MG None

7128F2 MetroPCS (Antenna) 358 1.91% 9 Years 02/17/2020 $2,044.36 $5.71 3.5% Annual MG Three, Five-Year

7128G Vacant - Janitorial Storage** 112 0.60% N/A N/A $0.00 $0.00 N/A N/A N/A

7128H Holy Acupuncture Clinic 300 1.60% 6 Years 05/31/2020 $557.72 $1.86 3% Annual MG One, Four-Year

# of Tenants: 20

Total Available:Total Occupied

2,308 SF16,429 SF

13%87%

Monthly:Annual:

$36,080.13$432,961.57

Average: $2.20/ SF

Financial AnalysisRent Roll - Building 2 (7126 Pacific Boulevard)As of February 1, 2019 for 18,737 Square Feet

*Lease extension pending. Please contact Agents for more details.

**Seller has elected to use current space as storage for janitorial supplies, but this suite may be leased under future ownership.


Property Description


SubjectProperty

RITA AVE

PHARMACY

CALEB’SWIRELESS

PODIATRIST

APPARELREPAIR

MEDICALCLINIC

WALNUTMARKET

PAWNSHOP

DOWNTOWN HUNTINGTON PARK

FLORENCE AVE

SEVILL

E AVE

162 UNITAPARTMENTS

250 PUBLICPARKING STALLS

79 UNITCONDOS

SPORTWEAR

BRIDALSALON

ACHCOLLEGE

MEDICALCLINIC

KINGSBUFFET

INSURANCE

WESTERNUNION

PACIFIC AVE

PLAZA DELA FIESTA

ALSO AVAILABLECONTACT AGENTS

FOR DETAILS

Florence Light Rail Station63,000+ Daily Ridership

CHECKCASHING

Slauson Light Rail Station62,000+ Daily Ridership

DOWNTOWN LOS ANGELES

Property DescriptionAerial Photo - Northwest



12Plaza De La Fiesta Downtown Retail-Medical Center | Marcus Millichap | Activity ID: Z0100331*Site Plan is for representation purposes only and is not to scale.

Property DescriptionSite Plan - Ground Floor

7126A 7126B7126C

7130

G 7130E

7130

F

7130

D7130B

7130A

7148

7140

7138

7134

7132

Stairwell Stairwell

Electrical

7130H

Stairwell StairwellHallway

PACI

FIC

BLVD

FLORENCE AVE

TENANT OVERVIEW

Suite Tenant SF

7132 Metro PCS 1,476

7134 Available 1,263

7138 Dolex Dollar Express 1,691

7140 Citibank 1,837

7148 El Gallo Giro 9,856

7126A J.J. Discount 1,744

7126B Rita Medical Clinic 1,008

7126C Insurance Services 622

7130A La Michoacana 1,350

7130B Cricket Wireless 1,550

7130D Lahka Skin and Body Care 1,026

7130E Snack Shack 100

7130F San Miguel Spa and Salon 972

7130G Sherilyn Shoes & Accessories 743

7130H El Camaron Marisco 125

Note: Site plan is for reference purposes only and is not to scale.

13Plaza De La Fiesta Downtown Retail-Medical Center | Marcus Millichap | Activity ID: Z0100331*Site Plan is for representation purposes only and is not to scale.

Property DescriptionSite Plan - Second Floor

7128C 7128B

7128-A

7128E

7128D

StairwellStairwell

Hallway

220 225

230

235

240

215

210

20023

7

260 255

249

251

7128

-F1

7128F2

7128

A2

7128

HStairwell StairwellHallway

PACI

FIC

BLVD

FLORENCE AVE

Stor

age

Stor

age

TENANT OVERVIEW

Suite Tenant SF

200 Available 1,492

210 Binafard Dental Corp 3,473

215 Express Employment Professionals 1,300

220 Lahka Skin and Body Care 762

225 Lahka Skin and Body Care 1,974

230 Greco & Neyland Attorneys at Law 600

235 Law Offices of Gordon & Gordon 740

237 Rumi K Lakha D.O. 312

240 Masrour Chiropractic 1,516

249 Masrour Chiropractic 300

251 Rodriguez Multi-Services 370

255 Quick Cash Loans 384

260 Law Offices 602

7128A Available 2,196

7128A-2 Central Arm Protection 126

7128B Pacific Dental Center 2,136

7128C Manuel Solis Law Firm 1,792

7128D Walk Through Autism 805

7128E The Clayton Perry Law Offices 972

7128F1 Hospitality Staffing 700

7128F2 MetroPCS (Antenna) 358

7128G Vacant - Janitorial Storage 112

7128H Holy Acupuncture Clinic 300Note: Site plan is for reference purposes only and is not to scale.


Market Overview


Opportunity Zones

History & Overview During December 2017, Congress established the Tax Cut and Jobs Act as an innovative approach to spur long-term investment into low-income urban and rural communities. The program is based on the Investing in Opportunity Act. The program is a vehicle for investors with capital gains tax liabilities across the country to receive favorable tax treatment for investing in Opportunity Funds that are certified by the U.S. Treasury Department.

These Opportunity Funds use the capital invested to make equity investments in businesses and real estate in Opportunity Zones designated by each state. It is estimated that the private investment sector currently holds more than $2.3 trillion in unrealized capital gains. This represents a significant resource for economic develop-ment, as the Opportunity Funds will allow these investors throughout the country to deploy their capital as Opportunity Zone investments.

Market OverviewNEW Program Connecting Low Income Communities with Private Investment

Investment Length Benefits Received

Fewer than 5 years Deferred payment of existing capital gains until date the Opportunity Fund investment is sold or exchanged

5 - 7 years Includes benefits of Fewer than 5 years, plus 10% of tax on existing capital is canceled

7 - 10 years

Deferred payment of existing capital gains until Devember 31, 2026 or the date that the opportunity Fund investment is sold or exchanged, plus 15% of tax on existing capital

gain is canceled

Greater than 10 yearsIncludes benefits of 7-10 year investment,

plus investments are exempt from any capital gains beyond those which were previously deferred

OPPORTUNITY FUND REQUIREMENTS: Investments must be made in Qualified Opporunity Funds to receive above benefits.

Must be certified by the U.S. Treasury Department.

Must be organized as a corporation or partnership for the purpose of investing in Qualified Opportunity Zone Property.

Must hold at least 90% of their assets in Qualified Opportunity Zone Property.

Qualified Opportunity Zone property includes newly issued stock, partnership interests, or business property in a Qualified Opportunity Zone business.

Opportunity Fund investments are limited to equity investments in businesses, real estate, and business assets that are located in a Qualified Opportunity Zone. Opportunity Fund investments in real estate are subject to a substantial rehabilitation requirement.

Note: This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property.

Subject Property

The subject property is located in Opportunity Zone Tract #06037533103.


Location Overview

The City Of Huntington Park

Named for prominent industrialist Henry E. Huntington, Hun-tington Park was incorporated in 1906 as a streetcar suburb for workers in the rapidly expanding industries housed to the south-east of downtown Los Angeles.

One of about two dozen municipalities known as the “Gateway Cities” in southeast Los Angeles County, located approximately

five miles from Downtown Los Angeles. To this day, about 30% of its residence work at factories in nearby Vernon and Commerce.

The stretch of Pacific Boulevard in downtown Huntington Park was a major commercial district serving the city’s largely working-class residents, as well as those of neighboring cities such as Bell, Cudahy, South Gate, and Downey. Pacific Boulevard, which expanded as the city’s commercial hub in the 1930s, is now a thriving retail strip serving residents throughout southeastern Los Angeles County.

The changes that shaped Los Angeles from the late 1970s onward—the decline of American manufacturing that began in the 1970s; the rapid growth of newer suburbs in Orange County, the eastern San Gabriel, western San Fernando and Conejo valleys; the collapse of the aerospace and defense industry at the end of the Cold War; and the implosion of the Southern California real estate boom in the early 1990s ultimately resulted in the wholesale departure of virtually all of the white population of Huntington Park by the mid-1990s. The vacuum was filled almost entirely by two groups of Latinos: upwardly mobile families eager to leave the barrios of East Los Angeles, and recent Mexican immigrants. Today, Pacific Boulevard is once again a thriving commercial strip, serving as a major retail center for working-class residents of southeastern Los Angeles County—but unlike its previous heyday of the 1930s, the signs along the avenue’s storefronts are now primarily in Spanish.

Source: https://en.wikipedia.org/wiki/Huntington_Park,_California

Market Overview

Los Angeles

Around Town

Commute To Downtown Los Angeles

Anaheim San Diego Santa Monica Riverside

6 miles

22 miles

116 miles

19miles

59 miles

30min

20min

30min

Distance To


Carnaval PrimaveraOne of Southern California’s largest Three-Day Spring Festivals, “Carnaval Primavera Downtown Festival” is presented in the month of April. The major Hispanic Market event attracts thousands of attendees to the downtown area. “Carnaval Primavera” offers a large Hispanic Market for Corporations to promote their services and products, with over 100 corporate exhibits, retail commercial booths, food, arts & crafts, a free health fair, children’s mask contest, a main stage for live entertainment and two areas of amusement rides for all ages. Source: www.wikipedia.org/wiki/Dodger_Stadium

Location Overview

Universal Studios Hollywood is a film studio and theme park in the San Fernando Valley area of Los Angeles County, California. About 70% of the studio lies within the unincorporated county island known as Universal City while the rest lies within the city limits of Los Angeles, California. Universal Studios is the first of many full-fledged Universal Studios Theme Parks located across the world. The park hosted approximately 8,100,000 guests last year, showing a 14% growth rate from 2016, ranking it 15th in the world and 9th among North American parks. Source: http://justfunfacts.com/interesting-facts-about-universal-studios-hollywood/

Dodger Stadium is a baseball park located in the Elysian Park neighborhood of Los Angeles, California, the home field to the Los Angeles Dodgers, the city’s Major League Baseball franchise. Opened 56 years ago on April 10, 1962, it was constructed in less than three years at a cost of US$23 million, financed by private sources. Dodger Stadium is currently the oldest ballpark in MLB west of the Mississippi River. Source: www.wikipedia.org/wiki/Dodger_Stadium

Staples CenterStaples Center, officially stylized as STAPLES Center, is a multi-purpose arena in Downtown Los Angeles. Adjacent to the L.A. Live development, it is located next to the Los Angeles Convention Center complex along Figueroa Street. The arena opened on October 17, 1999, and is one of the major sporting facilities in the Greater Los Angeles Area. Staples Center is only a part of a 4,000,000-square-foot development by Anschutz Entertainment Group (AEG) adjoining Staples Center and the Los Angeles Convention Center. The development, known as L.A. Live, broke ground on September 15, 2005. Source: www.wikipedia.org/wiki/Staples_Center

Surrounding Local Attractions

Universal Studios Dodger Stadium


POPULATION 1-MILE 3-MILES 5-MILES

2022 Population 65,328 437,961 1,100,020

2017 Population 67,627 445,620 1,115,942

2010 Population 65,626 430,201 1,073,158

2000 Population 67,325 422,462 1,040,912

HOUSEHOLDS 1-MILE 3-MILES 5-MILES

2000 Households 16,099 98,606 251,713

2010 Households 16,153 100,768 260,951

2017 Households 16,623 103,899 270,717

2022 Households 16,654 105,127 275,453

INCOME 1-MILE 3-MILES 5-MILES

$150,000 or More 2.68% 2.17% 2.57%

$100,000 - $149,000 7.31% 6.86% 6.84%

$75,000 - $99,999 8.23% 8.98% 8.67%

$50,000 - $74,999 16.22% 17.17% 16.68%

$35,000 - $49,999 18.62% 17.04% 16.06%

Under $35,000 46.93% 47.78% 49.15%

Average Household Income $49,075 $48,272 $48,536

Median Household Income $36,885 $36,659 $35,675

Demographic Summary

Market Overview

1,115,942 Population in a Five-Mile Radius

HUNTINGTON PARK GENERAL INFORMATION

Incorporated 9/1/1906

Form of Government Five-Member Council

City Area-Square Miles 3.003

Huntington Park Registered Voters 19,466

Average Household Income $37,711

City Flower Poinsettia

Summer Average Temperature 84°

Winter Average Temperature 65°

Annual Rainfall 15"

Elevation 170'

Latitude 33°59'N

Longitude W118° 13'W

Population (2017 Census) 61,348

Listed by Exclusively

Plaza De La Fiesta Retail-Medical Center

O F F E R I N G M E M O R A N D U M

7126 & 7146 Pacific BoulevardHuntington Park, CA 90255

Aria Pournazarian National Retail Group Downtown L.A. Office (213) 943-1874 direct [email protected] License: CA 01918248

Ron Duong Senior Vice President Investments Senior Director, National Retail Group (949) 419-3233 direct [email protected] License: CA 01438643

Ben Carlile Associate National Retail Group (949) 419-3304 direct [email protected] License: CA 01949032

Joseph Lising First Vice President Investments National Retail Group (949) 419-3227 direct [email protected] License: CA 01248258

Rainier Nanquil Associate Net Leased Properties Group (949) 419-3206 direct [email protected] License: CA 01946959

DOWNTOWN RETAIL, MEDICAL, & OFFICE INVESTMENT … · Los Angeles area. El Gallo Giro was started in...

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