OFFERING MEMORANDUM

L O S A N G E L E S , C A L I F O R N I A

EXCELLENT CULVER CITY ADJACENT OWNER/USER OPPORTUNITY

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.

Copyright Notice© 2019 CBRE, Inc. All Rights Reserved.

STAN GERLACHLic. 01520962+1 310 550 2662stan.gerlach@cbre.com

JEFF GERLACHLic. 01942825+1 310 550 2507 jeff.gerlach@cbre.com

W ADAMS

FAIRFAX AVE

WASHINGTON BLVD

CUMULUS

SANTA MONICA

DOWNTOWN CULVER CITY

HAYDEN TRACT

BLACKWELDER CREATIVE CAMPUS

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LA CIENEGA/JEFFERSON METRO STOP

EXECUTIVE SUMMARYCBRE, Inc., is pleased to offer 5767 W Adams for sale for the first time in over 13 years.

The offering consists of a ±2,222 SF single story creative office building situated on a ±3,938 SF lot located directly adjacent to Culver City. The property will be delivered vacant at the close of escrow, offering a great opportunity for an owner/user, investor or developer.

The building was remodeled in 2006 and is currently being used as a film editing facility. The property is fully gated and includes a large outdoor patio area directly behind the building. There is parking on site for approximately 5 cars.

5767 W Adams is easily accessible from the La Cienega/Jefferson Metro Expo Line station and is located adjacent to the Culver City Arts District, Blackwelder Creative Office Campus and the future Cumulus Development Site among others.

PROPERTY HIGHLIGHTS

AREA HIGHLIGHTSLocated in the West Adams CPIO District – a city revitalization program focused on enhancing neighborhood character, improving access and mobility and increasing economic activity.

Adjacent to Blackwelder, Hayden Tract, Culver City Arts District, Cumulus Development Site and a number of other new developments.

Direct access to 10 FWY and La Cienega/Jefferson Metro Expo Line.

PROPERTY OVERVIEW

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Standalone, single-story creative office building located directly adjacent to Culver City with great visibility and signage potential

Approximately 12' ceiling heights

5 parking spaces available

Large outdoor patio allowing for indoor/outdoor workspace

Full kitchen with stove

Solar power on roof

PROPERTY ADDRESS5767 W Adams Blvd, Los Angeles, CA 90016

ASKING PRICE$2,250,000

LAND AREA3,938 SF

BUILDING SIZE2,222 SF

PRICE PER SQUARE FOOT$1,013

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DOWNTOWN LOS ANGELES

W ADAMS

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PROPERTY DETAILS

PARCEL MAP

BUILDING SIZE2,222 SF

PARCEL NUMBER5048-007-032

LAND AREA3,998 SF

PARKING5 spaces on site

YEAR BUILT / YEAR RENOVATED1948/2006

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FLOOR PLAN

IT/Server Room

Outdoor Patio

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INTERIOR PHOTOS

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EXTERIOR PHOTOS

DowntownCulver City

Arts District

BlackwelderCreative Campus

HaydenTract

CulverCity La Cienega/

Jefferson

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Nearby Developments

Hackman Capital - Culver Steps • Future Amazon HQ • 75,000sf Office, 45,000sf Retail and Public Plaza Hackman Capital - Culver Studios • Future Amazon HQ • 720,000sf OfficeCIM - Mixed-Use Development Lowe Enterprises - Ivy Station • Mixed-Use Project • 200,000sf Office, 55,000 sf Retail, 200 Apartments, 148 Room Hotel, 2 Acres of Outdoor Space Lincoln Property - Apple HQ • 128,000sf Office Karney Properties - The Wesley • 234 Apartments, 45,000sf Office, 30,000sf of Outdoor Space

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Samitaur Constructs - (W)Rapper • 170,000sf Office Carmel Partners - 115 Unit Mixed-Use Project Hackman Capital - Apple • 85,0000sf Office CIM - Mixed-Use Development CIM - Warehouse Purchase - Plans TBD CIM - Apartment Complex 4d Development - 115 Unit Mixed-Use Project CIM - 78-Key Hotel CIM - 6-Story, 60-Unit Live/Work Office Building

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5767 West Adams

Expo/La Brea

Expo/Crenshaw

Farmdale

Expo/Western

Palms

Westwood/Rancho

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14

131110 12

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6

57

84

AREA MAP

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131211109

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4D DEVELOPMENT - 115 UNIT MIXED-USE PROJECT

CIM - WAREHOUSE PURCHASE - PLANS TBD

CIM - 78-KEY HOTEL

CIM - APARTMENT COMPLEX

CIM - 6-STORY, 60-UNIT LIVE/WORK OFFICE BUILDING

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KARNEY PROPERTIES+ 234 Apartments, 45,000SF Office, 30,000SF of Outdoor Space

CARMEL PARTNERS - 115 UNIT MIXED-USE PROJECT

CIM - MIXED-USE DEVELOPMENT

SAMITAUR CONSTRUCTS - (W) RAPPER+ 170,000SF Office

HACKMAN CAPITAL - APPLE+ 85,000SF Office

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HACKMAN CAPITAL - CULVER STEPS+ Future Amazon HQ+ 75,000SF Office, 45,000SF Retail and Public Plaza

LINCOLN PROPERTY - APPLE HQ+ 128,000SF Office

HACKMAN CAPITAL - CULVER STUDIOS+ Future Amazon HQ+ 720,000SF Office CIM - Mixed-Use Development

LOWE ENTERPRISES - IVY STATION+ Mixed-Use Project+ 200,000SF Office, 55,000SF Retail, 200 Apartments, 148 Room Hotel, 2 Acres of Outdoor Space

NEARBY DEVELOPMENTS 5767 WEST ADAMS

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SELECTED LOCAL AMENITIES

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ALTA

OPEN FACE SHOP DELICIOUS PIZZA

MIZALA ADAM'S CAFE

FINANCINGESTIMATED RATE 5.25% 5.10% 4.90% 4.75%

PURCHASE PRICE $2,222,000

DOWN PAYMENT $777,700 $888,800 $999,900 $1,111,000

LOAN-TO-VALUE 65% 60% 55% 50%

LOAN AMOUNT $1,444,300 $1,333,200 $1,222,100 $1,111,000

ANNUAL PAYMENTS $95,706 $86,863 $77,832 $69,546

PPSF 3.59 3.26 2.92 2.61

* The proposed debt structure is provided by IPA Capital Markets. The loan terms outlined are subject to lenders full due diligence and standard underwriting guidelines. Loan information is time sensitive and subject to change.”

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PANORAMA AERIAL

CENTURY CITYBRENTWOOD

SANTA MONICADOWNTOWN CULVER CITY

LA CIENEGA / JEFFERSONMETRO STOP

HAYDEN TRACT

BLACKWELDERCREATIVE CAMPUS

CUMULUS

W ADAMS

FAIRFAX AVE

WASHINGTON BLVD

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STAN GERLACHLic. 01520962+1 310 550 2662stan.gerlach@cbre.com

JEFF GERLACHLic. 01942825+1 310 550 2507 jeff.gerlach@cbre.com

© 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 property. 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. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_February2019.

5767 W ADAMS BLVD L O S A N G E L E S , C A 9 0 0 1 6