PASADENA CA 91107 andum O ering Memor€¦ · & Associates – Pasadena, Inc. Commercial Real...

135 SOUTH ROSEMEAD BLVD. PASADENA CA 91107

DAN [email protected]

JOHN [email protected]

LONG TERM NNN LEASED INVESTMENT

TREVOR [email protected]

Offering Memorandum

135 SOUTH ROSEMEAD BLVD. | PASADENA CA 91107

FOR SALE | OFFICE BUILDING

Lee & Associates – Pasadena, Inc. have been retained as the exclusive agents to list the property located at 135 S. Rosemead Blvd in Pasadena, California for sale. The information contained in the following Offering Memorandum is proprietary and confidential.

This Offering Memorandum has been prepared to provide unverified summary information to prospective purchasers. The Brokers have not made any investigation and makes no warranty or representation regarding the information presented herein, including, but not limited to: income, expenses, size, projections, improvements, environmental issues, leases, general condition and compliance with State and Federal regulations.

The information contained herein has been obtained from third party sources that we believe to be reliable. However, it is the Buyer’s sole responsibility to verify all information and perform all due diligence. Lee & Associates – Pasadena, Inc. Commercial Real Estate Services make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.

▶ TABLE OF CONTENTS

▶ Confidentiality Agreement & Disclaimer

01 Investment Summary

02 Tenant Summary

03 Property Overview

04 Location Overview



▶ INVESTMENT SUMMARY

Lee & Associates - Pasadena, Inc. is pleased to present for sale 135 S. Rosemead Blvd. in Pasadena, California. This is an approximately 8,425 square foot, single-tenant office building with a Triple Net (NNN) Lease Structure in-place with zero Landlord responsibilities.

OFFERING SUMMARYPRICE $3,395,000CAP 6.37%NOI $216,199PRICE PER SF $402.97LEASE EXPIRATION 4/30/2026LEASE GUARANTY HRC Fertility

PROPERTY SUMMARYADDRESS 135 S. Rosemead Blvd. Pasadena, CA 91107COUNTY Los AngelesBUILDING SIZE ±8,425 SFLAND AREA ±19,615 SFYEAR BUILT 1963PARKING 3.44/1,000ZONING MXD & R1APN(s) 5755-007-005, 014



▶ TENANT SUMMARY

HRC Fertility is part of a growing $5.8 billion industry* in the United States where the company specializes in employing the latest in Assisted Reproductive Technology (ART) to its patients from nine conveniently located offices in the following communities:

• Encino• Fullerton• Laguna Hills• Newport Beach• Oceanside• Rancho Cucamonga• Pasadena• Westlake Village• West Los Angeles

Specifically, HRC Fertility offers vitro fertilization, embryo transfer and related management and ancillary services.

Since 1988, HRC Fertility (formerly Huntington Reproductive Center) has a track record serving the fertility needs of its Southern California clientele and is reputed as one of the premier service providers in its industry. In 2018, the company was acquired by Jinxin Fertility Group Limited (HKG: 1951) which went public on the Hong Kong Stock Exchange in 2019 through its IPO joint sponsors Morgan Stanley and CSLA where it priced its 357,124,000 shares at HK$8.54 apiece.

The tenant of the Rosemead building is the medical management entity that manages nine HRC offices and has annual income of over $100MM. The building is used as professional offices to house the administration of its West Coast medical clinics. .

FOUNDED # OF LOCATIONS HEADQUARTERS WEBSITE

1988 9 Pasadena, CA havingbabies.com

*Source: Business Wire, A Berkshire Hathaway Company



▶ PROPERTY HIGHLIGHTS

• High end interior finishes

• Gated parking lot behind the building

• Convenient freeway access

• Covenant in-place protecting the R-1 parcel

for use as a parking lot

• Well-maintained with high-end improvements:

glass walls & skylights provide an open setting

• Creative office with Reception Area, Visitor

Area, & Spacious open work areas




• Large Conference room

• 2 Executive Offices w/Executive Assistant area, private meeting room and restroom with a shower

• Private offices

• Kitchen/Lunch room

• Open Lounge Area

• Large office for accounting/admin services

• Storage/stock room

• Secured gated parking lot behind the building

• Parking spaces: 29 Spaces

• Year Built: 1963

• Last Renovated: 2016

• New Roof 2017

▶ PROPERTY DETAILS



▶ PROPERTY PHOTOS



▶ PROPERTY PHOTOS

North View on S. Rosemead Blvd.

South View on S. Rosemead Blvd.

Parking Lot



▶ FLOOR & SITE PLANS

N



▶ PARCEL MAP



▶ MAP LOCATION

135 South Rosemead Blvd.

Pasadena

N



▶ AERIAL LOCATION

SOU

TH RO

SEMEA

D BLVD

.

BACK

US

AVE.

135 SOUTH ROSEMEAD BLVD.

N



1 MILE 3 MILES 5 MILES 2019 SUMMARY Population 13,815 155,274 473,224Households 4,977 56,958 169,081Families 3,550 40,015 114,245Average Household Size 2.76 2.69 2.76Owner Occupied Housing Units 3,274 33,509 84,340Renter Occupied Housing Units 1,703 23,449 84,741Median Age 43.6 43.8 40.8Median Household Income $108,342 $94,782 $79,693Average Household Income $146,163 $132,810 $113,893 2024 SUMMARY Population 13,995 157,224 481,241Households 5,031 57,428 171,366Families 3,593 40,436 115,999Average Household Size 2.77 2.71 2.77Owner Occupied Housing Units 3,328 34,108 86,112Renter Occupied Housing Units 1,703 23,320 85,254Median Age 44.2 44.1 41.7Median Household Income $122,447 $107,680 $93,959Average Household Income $168,856 $151,998 $132,607

TRENDS: 2019 -2024 ANNUAL RATE Population 0.26% 0.25% 0.34%Households 0.22% 0.16% 0.27%Families 0.24% 0.21% 0.31%Owner Households 0.33% 0.35% 0.42%Median Household Income 2.48% 2.58% 3.35%

▶ DEMOGRAPHICS

© 2019 Lee & Associates, Inc. The information contained in this document has been obtained from sources believed reliable. While Lee & Associates, Inc. does not doubt its accuracy, Lee & Associates, 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.

DAN [email protected]. No. 01385413

LEE & ASSOCIATES® — PASADENA, INC.Corporate ID# 02059558155 N. Lake Avenue, Suite 430Pasadena, CA 91101lee-pasadena.com

JOHN [email protected]. No. 01799514

135 SOUTH ROSEMEAD BLVD. PASADENA CA 91107

TREVOR [email protected]. No. 02075121

PASADENA CA 91107 andum O ering Memor€¦ · & Associates – Pasadena, Inc. Commercial Real...

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